Document:

EX-10.2

 Exhibit 10.2 

Execution Version 
 TERM
LOAN CREDIT AGREEMENT 
 dated as of December 18, 2019 

among 
 CLAIRE’S HOLDINGS
LLC, 
 as Holdings, 

CLAIRE’S STORES, INC., 
 as
the Borrower, 
 The Several Lenders 

from Time to Time Parties Hereto 

and 
 JPMORGAN CHASE BANK, N.A.,

 as the Administrative Agent and the Collateral Agent 
  

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	 Section 1.
	 	Definitions	  	 	1	 
			
	 1.1
	 	Defined Terms	  	 	1	 
	 1.2
	 	Other Interpretive Provisions	  	 	71	 
	 1.3
	 	Accounting Terms	  	 	72	 
	 1.4
	 	Rounding	  	 	72	 
	 1.5
	 	References to Agreements, Laws, Etc.	  	 	73	 
	 1.6
	 	Exchange Rates	  	 	73	 
	 1.7
	 	Rates	  	 	73	 
	 1.8
	 	Times of Day	  	 	73	 
	 1.9
	 	Timing of Payment or Performance	  	 	74	 
	 1.10
	 	Certifications	  	 	74	 
	 1.11
	 	Compliance with Certain Sections	  	 	74	 
	 1.12
	 	Pro Forma and Other Calculations	  	 	74	 
	 1.13
	 	Form Intercreditor Agreements	  	 	77	 
	 1.14
	 	Divisions	  	 	77	 
			
	 Section 2.
	 	Amount and Terms of Credit	  	 	77	 
			
	 2.1
	 	Commitments	  	 	77	 
	 2.2
	 	Minimum Amount of Each Borrowing; Maximum Number of Borrowings	  	 	77	 
	 2.3
	 	Notice of Borrowing	  	 	78	 
	 2.4
	 	Disbursement of Funds	  	 	78	 
	 2.5
	 	Repayment of Loans; Evidence of Debt	  	 	79	 
	 2.6
	 	Conversions and Continuations	  	 	80	 
	 2.7
	 	Pro Rata Borrowings	  	 	81	 
	 2.8
	 	Interest	  	 	81	 
	 2.9
	 	Interest Periods	  	 	82	 
	 2.10
	 	Increased Costs, Illegality, Replacement of LIBOR, Etc.	  	 	83	 
	 2.11
	 	Compensation	  	 	86	 
	 2.12
	 	Change of Lending Office	  	 	86	 
	 2.13
	 	Notice of Certain Costs	  	 	86	 
	 2.14
	 	Incremental Facilities	  	 	86	 
	 2.15
	 	Permitted Debt Exchanges	  	 	90	 
	 2.16
	 	Defaulting Lenders	  	 	91	 
			
	 Section 3.
	 	[Reserved]	  	 	92	 
			
	 Section 4.
	 	Fees	  	 	92	 
			
	 4.1
	 	Fees	  	 	92	 
	 4.2
	 	[Reserved]	  	 	92	 
	 4.3
	 	Mandatory Termination of Commitments	  	 	92	 
			
	 Section 5.
	 	Payments	  	 	92	 
			
	 5.1
	 	Voluntary Prepayments	  	 	92	 
	 5.2
	 	Mandatory Prepayments	  	 	93	 
	 5.3
	 	Method and Place of Payment	  	 	96	 
	 5.4
	 	Net Payments	  	 	97	 
	 5.5
	 	Computations of Interest and Fees	  	 	101	 
	 5.6
	 	Limit on Rate of Interest	  	 	101	 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 Section 6.
	 	Conditions Precedent to Initial Borrowing	  	 	102	 
			
	 6.1
	 	Credit Documents	  	 	102	 
	 6.2
	 	Collateral	  	 	102	 
	 6.3
	 	Legal Opinions	  	 	102	 
	 6.4
	 	[Reserved]	  	 	103	 
	 6.5
	 	Closing Certificates	  	 	103	 
	 6.6
	 	Authorization of Proceedings of Holdings, the Closing Date Credit Parties; Corporate Documents	  	 	103	 
	 6.7
	 	Fees	  	 	103	 
	 6.8
	 	No Default; Representations and Warranties	  	 	103	 
	 6.9
	 	Solvency Certificate	  	 	103	 
	 6.10
	 	[Reserved]	  	 	103	 
	 6.11
	 	Patriot Act	  	 	103	 
	 6.12
	 	[Reserved]	  	 	103	 
	 6.13
	 	[Reserved]	  	 	103	 
	 6.14
	 	[Reserved]	  	 	104	 
	 6.15
	 	Term Loan Exchange	  	 	104	 
	 6.16
	 	Notice of Term Loan Borrowing	  	 	104	 
			
	 Section 7.
	 	[Reserved]	  	 	104	 
			
	 Section 8.
	 	Representations and Warranties	  	 	104	 
			
	 8.1
	 	Corporate Status	  	 	104	 
	 8.2
	 	Corporate Power and Authority	  	 	104	 
	 8.3
	 	No Violation	  	 	104	 
	 8.4
	 	Litigation	  	 	105	 
	 8.5
	 	Margin Regulations	  	 	105	 
	 8.6
	 	Governmental Approvals	  	 	105	 
	 8.7
	 	Investment Company Act	  	 	105	 
	 8.8
	 	True and Complete Disclosure	  	 	105	 
	 8.9
	 	Financial Condition; Financial Statements	  	 	105	 
	 8.10
	 	Compliance with Laws	  	 	106	 
	 8.11
	 	Tax Matters	  	 	106	 
	 8.12
	 	Compliance with ERISA	  	 	106	 
	 8.13
	 	Subsidiaries	  	 	106	 
	 8.14
	 	Intellectual Property	  	 	106	 
	 8.15
	 	Environmental Laws	  	 	106	 
	 8.16
	 	Properties	  	 	107	 
	 8.17
	 	Solvency	  	 	107	 
	 8.18
	 	Patriot Act	  	 	107	 
	 8.19
	 	Sanctions; FCPA	  	 	107	 
	 8.20
	 	Security Interests in Collateral	  	 	107	 
	 8.21
	 	EEA Financial Institutions	  	 	108	 
			
	 Section 9.
	 	Affirmative Covenants	  	 	108	 
			
	 9.1
	 	Information Covenants	  	 	108	 
	 9.2
	 	Books, Records, and Inspections	  	 	110	 

  
 - ii - 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 9.3
	 	Maintenance of Insurance	  	 	111	 
	 9.4
	 	Payment of Taxes	  	 	111	 
	 9.5
	 	Preservation of Existence; Consolidated Corporate Franchises	  	 	112	 
	 9.6
	 	Compliance with Statutes, Regulations, Etc.	  	 	112	 
	 9.7
	 	ERISA	  	 	112	 
	 9.8
	 	Maintenance of Properties	  	 	112	 
	 9.9
	 	Transactions with Affiliates	  	 	112	 
	 9.10
	 	End of Fiscal Years	  	 	113	 
	 9.11
	 	Additional Guarantors and Grantors	  	 	114	 
	 9.12
	 	Pledge of Additional Stock and Evidence of Indebtedness	  	 	114	 
	 9.13
	 	Use of Proceeds	  	 	115	 
	 9.14
	 	Further Assurances	  	 	115	 
	 9.15
	 	Maintenance of Ratings	  	 	116	 
	 9.16
	 	Lines of Business	  	 	117	 
	 9.17
	 	Post-Closing Actions	  	 	117	 
			
	 Section 10.
	 	Negative Covenants	  	 	117	 
			
	 10.1
	 	Limitation on Indebtedness	  	 	117	 
	 10.2
	 	Limitation on Liens	  	 	123	 
	 10.3
	 	Limitation on Fundamental Changes	  	 	124	 
	 10.4
	 	Limitation on Sale of Assets	  	 	126	 
	 10.5
	 	Limitation on Restricted Payments	  	 	127	 
	 10.6
	 	Limitation on Subsidiary Distributions and Negative Pledges	  	 	135	 
	 10.7
	 	Permitted Activities	  	 	136	 
			
	 Section 11.
	 	Events of Default and Remedies	  	 	137	 
			
	 11.1
	 	Events of Default	  	 	137	 
	 11.2
	 	Remedies Upon Event of Default	  	 	140	 
	 11.3
	 	Application of Proceeds	  	 	140	 
			
	 Section 12.
	 	The Agents	  	 	141	 
			
	 12.1
	 	Appointment	  	 	141	 
	 12.2
	 	Delegation of Duties	  	 	141	 
	 12.3
	 	Exculpatory Provisions	  	 	141	 
	 12.4
	 	Reliance by Agents	  	 	142	 
	 12.5
	 	Notice of Default	  	 	143	 
	 12.6
	 	Non-Reliance on Administrative Agent, Collateral Agent, and Other Lenders	  	 	143	 
	 12.7
	 	Indemnification	  	 	144	 
	 12.8
	 	Agents in Their Individual Capacities	  	 	145	 
	 12.9
	 	Successor Agents	  	 	145	 
	 12.10
	 	Withholding Tax	  	 	146	 
	 12.11
	 	Administrative Agent May File Proofs of Claim; Credit Bidding	  	 	146	 
	 12.12
	 	Agents Under Security Documents and Guarantee	  	 	147	 
	 12.13
	 	Right to Realize on Collateral and Enforce Guarantee	  	 	148	 
	 12.14
	 	Intercreditor Agreements Govern	  	 	149	 
	 12.15
	 	Certain ERISA Matters	  	 	149	 

  
 - iii - 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 Section 13.
	 	Miscellaneous	  	 	150	 
			
	 13.1
	 	Amendments, Waivers, and Releases	  	 	150	 
	 13.2
	 	Notices	  	 	154	 
	 13.3
	 	No Waiver; Cumulative Remedies	  	 	154	 
	 13.4
	 	Survival of Representations and Warranties	  	 	155	 
	 13.5
	 	Payment of Expenses; Indemnification	  	 	155	 
	 13.6
	 	Successors and Assigns; Participations and Assignments	  	 	156	 
	 13.7
	 	Replacements of Lenders Under Certain Circumstances	  	 	161	 
	 13.8
	 	Adjustments; Set-off	  	 	162	 
	 13.9
	 	Counterparts	  	 	163	 
	 13.10
	 	Severability	  	 	163	 
	 13.11
	 	Integration	  	 	163	 
	 13.12
	 	GOVERNING LAW	  	 	163	 
	 13.13
	 	Submission to Jurisdiction; Waivers	  	 	163	 
	 13.14
	 	Acknowledgments	  	 	165	 
	 13.15
	 	WAIVERS OF JURY TRIAL	  	 	166	 
	 13.16
	 	Confidentiality	  	 	166	 
	 13.17
	 	Direct Website Communications	  	 	167	 
	 13.18
	 	USA PATRIOT Act	  	 	168	 
	 13.19
	 	Judgment Currency	  	 	169	 
	 13.20
	 	Payments Set Aside	  	 	169	 
	 13.21
	 	No Fiduciary Duty	  	 	169	 
	 13.22
	 	Nature of Borrower Obligations	  	 	170	 
	 13.23
	 	Acknowledgment and Consent to Bail-In of EEA Financial Institutions	  	 	171	 
	 13.24
	 	Acknowledgment Regarding Any Supported QFCs	  	 	171	 

  
 - iv - 

 SCHEDULES 
  

			
	Schedule 1.1(a)	  	Commitments of Lenders
	Schedule 1.1(b)	  	Closing Date Credit Parties
	Schedule 1.1(c)	  	Closing Date Security Documents
	Schedule 1.1(d)	  	Agreed Security Principles
	Schedule 1.1(e)	  	Unrestricted Subsidiaries
	Schedule 8.13	  	Subsidiaries
	Schedule 9.17	  	Post-Closing Actions
	Schedule 10.1	  	Closing Date Indebtedness
	Schedule 10.2	  	Closing Date Liens
	Schedule 10.5	  	Closing Date Investments
	Schedule 13.2	  	Notice Addresses
		
	EXHIBITS	  	
		
	Exhibit A	  	Form of Joinder Agreement
	Exhibit B	  	Form of Guarantee and Collateral Agreement
	Exhibit C	  	[Reserved]
	Exhibit D	  	[Reserved]
	Exhibit E	  	[Reserved]
	Exhibit F	  	Form of Assignment and Acceptance
	Exhibit G	  	Form of Promissory Note
	Exhibit H	  	Form of ABL Intercreditor Agreement
	Exhibit I-1	  	Form of First Lien Intercreditor Agreement
	Exhibit I-2	  	Form of Second Lien Intercreditor Agreement
	Exhibit J-1	  	Form of Non-Bank Tax Certificate
		  	(For Non-U.S. Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes)
	Exhibit J-2	  	Form of Non-Bank Tax Certificate
		  	(For Non-U.S. Lenders That Are Partnerships For U.S. Federal Income Tax Purposes)
	Exhibit J-3	  	Form of Non-Bank Tax Certificate
		  	(For Non-U.S. Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes)
	Exhibit J-4	  	Form of Non-Bank Tax Certificate
		  	(For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes)
	Exhibit K	  	Form of Notice of Borrowing or Continuation or Conversion
	Exhibit L	  	Form of Hedge Bank Designation

 TERM LOAN CREDIT AGREEMENT 

TERM LOAN CREDIT AGREEMENT, dated as of December 18, 2019, among CLAIRE’S HOLDINGS LLC, a Delaware limited liability company
(“Holdings”), CLAIRE’S STORES, INC., a Florida corporation and wholly-owned subsidiary of Holdings (the “Borrower”), the institutions from time to time parties hereto as lenders (each a
“Lender” and, collectively, the “Lenders”) and JPMORGAN CHASE BANK, N.A., as the Administrative Agent and the Collateral Agent (such terms and each other capitalized term used but not defined in this preamble having
the meaning provided in Section 1). 
 WHEREAS, the Borrower has requested that the Lenders extend credit in the
form of Initial Term Loans to the Borrower on the Closing Date, in an aggregate principal amount of $502,436,230.19; 
 WHEREAS, the
proceeds of the Initial Term Loans that are deemed to have been made on the Closing Date will be used, together with cash on hand and the proceeds of the ABL Loans, (i) to consummate the Term Loan Exchange; (ii) to consummate the Preferred
Equity Exchange; and (iii) to pay Transaction Expenses; 
 WHEREAS, the Lenders are willing to make available to the Borrower such term
loan facility upon the terms and subject to the conditions set forth herein; 
 NOW, THEREFORE, in consideration of the premises and the
covenants and agreements contained herein, the parties hereto hereby agree as follows: 
 Section 1. Definitions. 

1.1 Defined Terms. As used herein, the following terms shall have the meanings specified in this Section 1.1
unless the context otherwise requires (it being understood that defined terms in this Agreement shall include in the singular number the plural and in the plural the singular): 

“ABL Administrative Agent” shall have the meaning provided to the term “Administrative Agent” in the ABL Credit
Agreement. 
 “ABL Collateral Agent” shall have the meaning provided to the term “Collateral Agent” in the ABL
Credit Agreement. 
 “ABL Credit Agreement” shall mean the Credit Agreement dated as of January 24, 2019 among, inter
alios, the Borrower, Citibank, N.A., as administrative and collateral agent, and the lenders party thereto from time to time, as amended, modified, supplemented, substituted, replaced, restated or refinanced, in whole or in part, from time to time
(whether with the original administrative agent and lenders or other agents and lenders or otherwise and whether provided under the original ABL Credit Agreement or another credit agreement, indenture, instrument, other document or otherwise, unless
such credit agreement, indenture, instrument or document expressly provides that it is not an ABL Credit Agreement). 
 “ABL Credit
Documents” shall have the meaning provided to the term “Loan Documents” in the ABL Credit Agreement. 
 “ABL
Facility” shall mean the senior secured revolving loan facility under the ABL Credit Agreement or any amendment, supplement, modification, substitution, replacement, restatement or refinancing thereof, in whole or in part, from time to
time, including in connection with Refinancing Indebtedness in respect of the ABL Credit Agreement. 

 “ABL Intercreditor Agreement” shall mean an Intercreditor Agreement
substantially in the form of Exhibit H (with such changes to such form as may be reasonably acceptable to the Administrative Agent and the Borrower) among the Administrative Agent, the Collateral Agent, the ABL Administrative Agent, the ABL
Collateral Agent and the representatives for purposes thereof for holders of one or more classes of Indebtedness, the Borrower and each of the Guarantors. 

“ABL Loans” shall have the meaning provided to the term “Loans” in the ABL Credit Agreement and any modification,
replacement, refinancing, refunding, renewal, or extension thereof. 
 “ABR” shall mean, for any day, a fluctuating rate
per annum equal to the highest of (a) the Prime Rate in effect for such day, (b) the NYFRB Rate in effect on such day plus 1/2 of 1% and (c) the Adjusted LIBOR Rate for a one month Interest Period determined on such day (or if
such day is not a Business Day, the immediately preceding Business Day) plus 1.00%. Any change in the ABR due to a change in the Prime Rate, the NYFRB Rate or the Adjusted LIBOR Rate shall be effective on the effective date of such change in
the Prime Rate, the NYFRB Rate or the Adjusted LIBOR Rate, as the case may be. 
 “ABR Loan” shall mean each Loan bearing
interest based on the ABR. 
 “Acquired EBITDA” shall mean, with respect to any Acquired Entity or Business or any
Converted Restricted Subsidiary (any of the foregoing, a “Pro Forma Entity”) for any period, the amount for such period of Consolidated EBITDA of such Pro Forma Entity (determined using such definitions as if
references to the Borrower and the Restricted Subsidiaries therein were to such Pro Forma Entity and its Restricted Subsidiaries), all as determined on a consolidated basis for such Pro Forma Entity in accordance with GAAP. 

“Acquired Entity or Business” shall have the meaning provided in the definition of the term Consolidated EBITDA. 

“Acquired Indebtedness” shall mean, with respect to any specified Person, (i) Indebtedness of any other Person existing
at the time such other Person is merged, consolidated, or amalgamated with or into or became a Restricted Subsidiary of such specified Person, including Indebtedness incurred in connection with, or in contemplation of, such other Person merging,
consolidating, or amalgamating with or into or becoming a Restricted Subsidiary of such specified Person, and (ii) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person. 

“Adjusted LIBOR Rate” shall mean, with respect to any LIBOR Rate Borrowing for any Interest Period, an interest rate
per annum equal to the product of (i) the LIBOR Rate in effect for such Interest Period and (ii) Statutory Reserves; provided that, the Adjusted LIBOR Rate shall not be less than 0.00% per annum. 

“Adjusted Total Term Loan Commitment” shall mean, at any time, the Total Term Loan Commitment less the Term Loan Commitments
of all Defaulting Lenders. 
 “Administrative Agent” shall mean JPMorgan Chase Bank, N.A., as the administrative agent for
the Lenders under this Agreement and the other Credit Documents, or any successor administrative agent pursuant to Section 12.9. 

  
 - 2 - 

 “Administrative Agent’s Office” shall mean the Administrative
Agent’s address and, as appropriate, account as set forth on Schedule 13.2 or such other address or account as the Administrative Agent may from time to time notify the Borrower and the Lenders. 

“Administrative Questionnaire” shall have the meaning provided in Section 13.6(b)(ii)(D).

 “Affiliate” shall mean, with respect to any Person, any other Person directly or indirectly controlling, controlled by,
or under direct or indirect common control with such Person. A Person shall be deemed to control another Person if such Person possesses, directly or indirectly, the power to direct or cause the direction of the management and policies of such other
Person, whether through the ownership of voting securities, by contract or otherwise. 
 “Affiliated Institutional Lender”
shall mean any Affiliate of the Sponsor that is either a bona fide debt fund or such Affiliate extends credit or buys loans in the ordinary course of business. 

“Agent Parties” shall have the meaning provided in Section 13.17(b). 

“Agent Party” shall have the meaning provided in Section 13.17(b). 

“Agents” shall mean the Administrative Agent and the Collateral Agent. 

“Agreed Security Principles” shall mean the principles specified on Schedule 1.1(d). 

“Agreement” shall mean this Credit Agreement. 

“Agreement Currency” shall have the meaning provided in Section 13.19. 

“AHYDO” shall have the meaning provided in Section 2.14(g). 

“Applicable Margin” shall mean a percentage per annum equal to (1) for LIBOR Loans that are Initial Term Loans, 6.50%
and (2) for ABR Loans that are Initial Term Loans, 5.50%. 
 Notwithstanding the foregoing, (a) the Applicable Margin in respect of any
Class of Extended Term Loans shall be the applicable percentages per annum set forth in the relevant Extension Amendment, (b) the Applicable Margin in respect of any Class of New Term Loans shall be the applicable percentages per
annum set forth in the relevant Joinder Agreement, (c) the Applicable Margin in respect of any Class of Replacement Term Loans shall be the applicable percentages per annum set forth in the relevant agreement and (d) in the case of
the Term Loans and any Class of New Term Loans, the Applicable Margin shall be increased as, and to the extent, necessary to comply with the provisions of Section 2.14. 

“Approved Bank” shall have the meaning provided to such term in clause (iv) of the definition of the term
“Cash Equivalents”. 
 “Approved Fund” shall mean any Fund that is administered or managed by (i) a
Lender, (ii) an Affiliate of a Lender, or (iii) an entity or an Affiliate of an entity that administers, advises or manages a Lender. 

“Asset Sale” shall mean: 

(i) the sale, conveyance, transfer, or other disposition, whether in a single transaction or a series of related transactions,
of property or assets (each a “disposition”) of the Borrower or any Restricted Subsidiary, or 

  
 - 3 - 

 (ii) the issuance or sale of Equity Interests of any Restricted Subsidiary
(other than preferred stock of Restricted Subsidiaries issued in compliance with Section 10.1), whether in a single transaction or a series of related transactions, in each case, other than: 

(a) any disposition of Cash Equivalents or Investment Grade Securities or obsolete, worn out or surplus property or property
(including leasehold property interests) that is no longer economically practical in its business or commercially desirable to maintain or no longer used or useful equipment in the ordinary course of business or any disposition of inventory,
immaterial assets, or goods (or other assets) in the ordinary course of business; 
 (b) the disposition of all or
substantially all of the assets of the Borrower or any Restricted Subsidiary in a manner permitted pursuant to Section 10.3; 

(c) the incurrence of Liens that are permitted to be incurred pursuant to Section 10.2 or the making
of any Restricted Payment or Permitted Investment (other than pursuant to clause (i) of the definition thereof) that is permitted to be made, and is made, pursuant to Section 10.5; 

(d) [reserved]; 

(e) any disposition of property or assets or issuance of Equity Interests by (1) a Restricted Subsidiary to the Borrower
or (2) the Borrower or a Restricted Subsidiary to another Restricted Subsidiary; 
 (f) to the extent allowable under
Section 1031 of the Code, or any comparable or successor provision, any exchange of like property (excluding any boot thereon) for use in a Similar Business; 

(g) any issuance, sale or pledge of Equity Interests in, or Indebtedness, or other securities of, an Unrestricted Subsidiary;

 (h) foreclosures, condemnation, casualty or any similar action on assets (including dispositions in connection therewith);

 (i) sales of accounts receivable, or participations therein, and related assets in connection with any Receivables
Facility; 
 (j) any financing transaction with respect to property built or acquired by the Borrower or any Restricted
Subsidiary after the Closing Date, including Sale Leasebacks and asset securitizations permitted by this Agreement; 
 (k)
(1) any surrender or waiver of contractual rights or the settlement, release, or surrender of contractual rights or other litigation claims, (2) the termination or collapse of cost sharing agreements with the Borrower or any Subsidiary and the
settlement of any crossing payments in connection therewith, or (3) the settlement, discount, write off, forgiveness, or cancellation of any Indebtedness owing by any present or former consultants, directors, officers, or employees of the
Borrower (or any direct or indirect parent company of the Borrower) or any Subsidiary or any of their successors or assigns; 

  
 - 4 - 

 (l) the disposition or discount of inventory, accounts receivable, or notes
receivable in the ordinary course of business or the conversion of accounts receivable to notes receivable; 
 (m) the
licensing, cross-licensing or sub-licensing of Intellectual Property or other general intangibles (whether pursuant to franchise agreements or otherwise) in the ordinary course of business; 

(n) the unwinding of any Hedging Obligations or obligations in respect of Cash Management Services; 

(o) sales, transfers, and other dispositions of Investments in joint ventures to the extent required by, or made pursuant to,
customary buy/sell arrangements between the joint venture parties set forth in joint venture arrangements and similar binding arrangements; 

(p) the disposition, lapse or abandonment of Intellectual Property rights in the ordinary course of business, which in the
reasonable business judgment of the Borrower are not material to the conduct of the business of the Borrower and the Restricted Subsidiaries taken as a whole; 

(q) the issuance of directors’ qualifying shares and shares issued to foreign nationals as required by applicable law;

 (r) dispositions of property to the extent that (1) such property is exchanged for credit against the purchase price
of similar replacement property that is purchased within 450 days thereof or (2) the proceeds of such Asset Sale are promptly applied to the purchase price of such replacement property (which replacement property is actually purchased
within 450 days thereof); 
 (s) leases, assignments, subleases, licenses, or sublicenses, in each case in the ordinary
course of business and which do not materially interfere with the business of the Borrower and the Restricted Subsidiaries, taken as a whole; 

(t) dispositions of non-core assets acquired in connection with any Permitted
Acquisition or Investment permitted hereunder; 
 (u) Restricted Payments permitted pursuant to
Section 10.5; 
 (v) other Asset Sales with a Fair Market Value less than or equal to (a) the
greater of $23,000,000 and 10% of Consolidated EBITDA individually and (b) the greater of $45,750,000 and 20% of Consolidated EBITDA in the aggregate; 

(w) sales, transfers and other dispositions of accounts receivable (including write-offs, discounts and compromises) in
connection with the compromise, settlement or collection thereof; and 
 (y) any swap of assets in exchange for services or
other assets in the ordinary course of business of comparable or greater Fair Market Value or usefulness to the business of the Borrower and its Restricted Subsidiaries, as a whole, as determined in good faith by the Borrower. 

  
 - 5 - 

 “Asset Sale Prepayment Event” shall mean any Asset Sale by the
Borrower or any Restricted Subsidiary of Term Loan Collateral (subject to the Reinvestment Period) , allowed in Section 10.4; provided that with respect to any Asset Sale Prepayment Event, the Borrower shall not be
obligated to make any prepayment otherwise required by Section 5.2 unless and until the aggregate amount of Net Cash Proceeds from all such Asset Sale Prepayment Events, after giving effect to the reinvestment rights set
forth herein, exceeds $30,000,000 in any fiscal year of the Borrower (the “Prepayment Trigger”), but then from all such Net Cash Proceeds (excluding amounts below the Prepayment Trigger). 

“Assignment and Acceptance” shall mean (i) an assignment and acceptance substantially in the form of Exhibit
F, or such other form as may be approved by the Administrative Agent and the Borrower and (ii) in the case of any assignment of Term Loans in connection with a Permitted Debt Exchange conducted in accordance with
Section 2.15, such form of assignment (if any) as may be agreed by the Administrative Agent and the Borrower in accordance with Section 2.15(a). 

“Auction Agent” shall mean (i) the Administrative Agent or (ii) any other financial institution or advisor employed
by Holdings, the Borrower or any Subsidiary (whether or not an Affiliate of the Administrative Agent) to act as an arranger in connection with any Permitted Debt Exchange pursuant to Section 2.15 or Dutch auction pursuant
to Section 13.6(h); provided that the Borrower shall not designate the Administrative Agent as the Auction Agent without the written consent of the Administrative Agent (it being understood that the Administrative
Agent shall be under no obligation to agree to act as the Auction Agent); provided, further, that neither Holdings nor any of its Subsidiaries may act as the Auction Agent. 

“Authorized Officer” shall mean, with respect to any Person, any individual holding the position of chairman of the
board (if an officer), the Chief Executive Officer, President, the Chief Financial Officer, the Treasurer, the Controller, the Vice President-Finance, a Senior Vice President, a Director, a Manager, the Secretary, the Assistant Secretary or any
other manager, senior officer or agent with express authority to act on behalf of such Person designated as such by the board of directors or manager or other managing authority of such Person (or, in the case of any Foreign Subsidiary, a manager or
director thereof) and, solely for purposes of notices given pursuant to Section 2, any other officer or employee of the applicable Person so designated by any of the foregoing officers in a notice to the Administrative
Agent or any other officer or employee of the applicable Person designated in or pursuant to an agreement between the applicable Person and the Administrative Agent. Any document delivered hereunder that is signed by an Authorized Officer of a
Person shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Person and such Authorized Officer shall be conclusively presumed to have acted on behalf of such Person.

 “Available Amount” shall have the meaning provided in Section 10.5. 

“Available Investments Amount” shall mean, at any time, (i) the amount of Investments that may be made at the time of
determination pursuant to clause (xiii)(x) of the definition of Permitted Investments, minus (ii) the sum of (a) the amount of the Available Investments Amount utilized by the Borrower or any Restricted Subsidiary
to make Restricted Payments pursuant to Section 10.5(b)(11) utilizing the Available Investments Amount and (b) the amount of the Available Investments Amount utilized by the Borrower or any Restricted Subsidiary to
make Restricted Debt Payments pursuant to Section 10.5(b)(18) utilizing the Available Investments Amount. 

“Available Restricted Debt Payments Amount” shall mean, at any time, (i) the amount of Restricted Debt Payments that may
be made at the time of determination pursuant to Section 10.5(b)(18)(x), minus (ii) the sum of (a) the amount of the Available Restricted Debt Payments Amount utilized by the Borrower or any Restricted Subsidiary
to make Investments pursuant to 

  
 - 6 - 

 
clause (xiii) of the definition of Permitted Investments utilizing the Available Restricted Debt Payments Amount and (b) the amount of the Available Restricted Debt
Payments Amount utilized by the Borrower or any Restricted Subsidiary to make Restricted Payments pursuant to Section 10.5(b)(11) utilizing the Available Restricted Debt Payments Amount. 

“Available Restricted Payments Amount” shall mean, at any time, (i) the amount of Restricted Payments that may be made
at the time of determination pursuant to Section 10.5(b)(11)(i), minus (ii) the sum of (a) the amount of the Available Restricted Payments Amount utilized by the Borrower or any Restricted Subsidiary to make
Investments pursuant to clause (xiii) of the definition of Permitted Investments utilizing the Available Restricted Payments Amount and (b) the amount of the Available Restricted Payments Amount utilized by the
Borrower or any Restricted Subsidiary to make Restricted Debt Payments pursuant to Section 10.5(b)(18) utilizing the Available Restricted Payments Amount. 

“Bail-In Action” shall mean the exercise of any Write-Down and Conversion Powers by
the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 
 “Bail-In Legislation” shall mean, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the
implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule. 

“Bankruptcy Code” shall have the meaning provided in Section 11.1(e). 

“Bankruptcy Law” shall mean the Bankruptcy Code and any other federal, state, or foreign law for the relief of debtors, or
any arrangement, reorganization, insolvency, moratorium, general assignment for the benefit of creditors, any other marshalling of the assets or liabilities of Holdings or any of its Subsidiaries, or similar law affecting creditors’ rights
generally. 
 “Beneficial Ownership Certification” shall have the meaning provided in the Beneficial Ownership Regulation.

 “Beneficial Ownership Regulation” shall mean 31 C.F.R. § 1010.230. 

“Benefit Plan” shall mean any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title
I of ERISA, (b) a “plan” as defined in Section 4975 of the Code that is subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of
Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 

“Benefited Lender” shall have the meaning provided in Section 13.8(a). 

“BHC Act Affiliate” shall mean, with respect to any Person, an “affiliate” (as such term is defined under, and
interpreted in accordance with, 12 U.S.C § 1841(k)) of such Person. 
 “Board” shall mean the Board of
Governors of the Federal Reserve System of the United States (or any successor). 
 “Borrower” shall have the meaning
provided in the preamble to this Agreement. 
 “Borrower Materials” shall have the meaning provided in
Section 13.17(b). 

  
 - 7 - 

 “Borrowing” shall mean Loans of the same Class and Type, made (or
deemed to have been made), converted, or continued on the same date and, in the case of LIBOR Loans, as to which a single Interest Period is in effect. 

“Business Day” shall mean any day excluding Saturday, Sunday, and any other day on which banking institutions in New
York City are authorized by law or other governmental actions to close; provided that if such day relates to any interest rate settings as to a LIBOR Loan denominated in Dollars, any fundings, disbursements, settlements and payments in
Dollars in respect of any such LIBOR Loan, or any other dealings in Dollars to be carried out pursuant to this Agreement in respect of any such LIBOR Loan, such day shall also be a day on which dealings in deposits in Dollars are conducted by and
between banks in the London interbank market. 
 “Capital Expenditures” shall mean, for any period, the aggregate of
all expenditures (whether paid in cash or accrued as liabilities and including in all events all amounts expended or capitalized under Capital Leases) by the Borrower and the Restricted Subsidiaries during such period that, in conformity with GAAP,
are or are required to be included as additions during such period to property, plant, equipment or other assets reflected in the consolidated balance sheet of the Borrower and the Restricted Subsidiaries (including capitalized software
expenditures, website development costs, website content development costs, customer acquisition costs and incentive payments, conversion costs, and contract acquisition costs). For the avoidance of doubt, Capital Expenditures will also include all
additions to customer loyalty payments by the Borrower and the Restricted Subsidiaries in accordance with GAAP. 
 “Capital
Lease” shall mean, as applied to any Person, any lease of any property (whether real, personal, or mixed) by that Person as lessee that, in conformity with GAAP, is, or is required to be, accounted for as a capital lease on the balance
sheet of that Person, subject to Section 1.12. 
 “Capital Stock” shall mean (i) in the case
of a corporation, corporate stock, (ii) in the case of an association or business entity, any and all shares, interests, participations, rights, or other equivalents (however designated) of corporate stock, (iii) in the case of a
partnership or limited liability company, partnership or membership interests (whether general or limited), and (iv) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or
distributions of assets of, the issuing Person (it being understood and agreed, for the avoidance of doubt, that “cash-settled phantom appreciation programs” in connection with employee benefits that do not require a dividend or
distribution shall not constitute Capital Stock). In no event shall any Indebtedness which is convertible into any of the foregoing be considered Capital Stock unless and until so converted. 

“Capitalized Lease Obligation” shall mean, at the time any determination thereof is to be made, the amount of the liability
in respect of a Capital Lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) prepared in accordance with GAAP, subject to
Section 1.12. 
 “Capitalized Software Expenditures” shall mean, for any period, the aggregate of
all expenditures (whether paid in cash or accrued as liabilities) by the Borrower and the Restricted Subsidiaries during such period in respect of purchased software, internally developed software or hosting arrangement implementation costs and
software enhancements that, in conformity with GAAP, are or are required to be reflected as capitalized costs on the consolidated balance sheet of the Borrower and the Restricted Subsidiaries. 

  
 - 8 - 

 “Cash Equivalents” shall mean: 

(i) Dollars, 

(ii) (a) Euro, Sterling, Yen, Swiss Francs, Canadian Dollars, Australian Dollars or any national currency of any Participating
Member State in the European Union or (b) local currencies held from time to time in the ordinary course of business, 

(iii) securities issued or directly and fully and unconditionally guaranteed or insured by the United States government or any
country that is a member state of the European Union or any agency or instrumentality thereof the securities of which are unconditionally guaranteed as a full faith and credit obligation of such government with maturities of 24 months or less
from the date of acquisition, 
 (iv) certificates of deposit, time deposits, and eurodollar time deposits with maturities of
one year or less from the date of acquisition, bankers’ acceptances with maturities not exceeding one year, and overnight bank deposits, in each case with any commercial bank having capital and surplus of not less than $100,000,000 (any such
bank being an “Approved Bank”), 
 (v) repurchase obligations for underlying securities of the types
described in clauses (iii), (iv), and (ix) entered into with any financial institution meeting the qualifications specified in clause (iv) above, 

(vi) commercial paper rated at least P-2 by Moody’s, at least A-2 by S&P or at least F-2 by Fitch and, in each case, maturing within 24 months after the date of creation thereof, 

(vii) marketable short-term money market and similar securities having a rating of at least
P-2 , A-2 or F-2 from any of Moody’s, S&P or Fitch, respectively (or, if at any time none of Moody’s, S&P or
Fitch shall be rating such obligations, an equivalent rating from another nationally recognized ratings agency) and in each case maturing within 24 months after the date of creation or acquisition thereof, 

(viii) readily marketable direct obligations issued by any state, commonwealth, or territory of the United States or any
political subdivision or taxing authority thereof having one of the two highest rating categories obtainable from either Moody’s, S&P or Fitch with maturities of 24 months or less from the date of acquisition, 

(ix) Indebtedness or preferred stock issued by Persons with a rating of “A” or higher from S&P, “A2” or
higher from Moody’s or “A” or higher from Fitch with maturities of 24 months or less from the date of acquisition, 

(x) solely with respect to any Foreign Subsidiary: (a) obligations of the national government of the country in which such
Foreign Subsidiary maintains its chief executive office and principal place of business provided such country is a member of the Organization for Economic Cooperation and Development, in each case maturing within one year after the date of
investment therein, (b) certificates of deposit of, bankers acceptances of, or time deposits with, any commercial bank which is organized and existing under the laws of the country in which such Foreign Subsidiary maintains its chief executive
office and principal place of business provided such country is a member of the Organization for Economic Cooperation and Development, and whose short-term commercial paper rating from S&P is at least
“A-2” or the equivalent thereof, from Moody’s is at least “P-2” or the equivalent thereof or from Fitch is at least “F-2” or the equivalent thereof (any such bank being an “Approved Foreign Bank”), and in each case with maturities of not more than 24 months from the date of acquisition, and
(c) the equivalent of demand deposit accounts which are maintained with an Approved Foreign Bank, in each case, customarily used by corporations for cash management purposes in any jurisdiction outside the United States to the extent reasonably
required in connection with any business conducted by such Foreign Subsidiary organized in such jurisdiction, 

  
 - 9 - 

 (xi) investment funds investing 90% of their assets in securities of the
types described in clauses (i) through (ix) above, and 
 (xii) in the case of
investments by any Foreign Subsidiary or investments made in a country outside the United States, Cash Equivalents shall also include (a) investments of the type and maturity described in clauses (i) through
(ix) above of foreign obligors, which investments have ratings, described in such clauses or equivalent ratings from comparable foreign rating agencies and (b) other short-term investments utilized by the Foreign Subsidiaries in
accordance with their normal investment practices for cash management in investments analogous to the foregoing investments in clauses (i) through (xi) above. 

Notwithstanding the foregoing, Cash Equivalents shall include amounts denominated in currencies other than those set forth in
clauses (i) and (ii) above; provided that such amounts are converted into any currency listed in clauses (i) and (ii) as promptly as practicable and in any event
within ten Business Days following the receipt of such amounts. 
 For the avoidance of doubt, any items identified as Cash Equivalents
under this definition will be deemed to be Cash Equivalents for all purposes under the Credit Documents regardless of the treatment of such items under GAAP. 

“Cash Management Agreement” shall mean any agreement or arrangement to provide Cash Management Services. 

“Cash Management Bank” shall mean (i) any Person that, at the time it enters into a Cash Management Agreement (or with
respect to Cash Management Agreements existing on the Closing Date, on the Closing Date) with Holdings or any Restricted Subsidiary, is an Agent or a Lender or an Affiliate of an Agent or a Lender or (ii) any Person that is designated by the
Borrower as a “Cash Management Bank” by written notice to the Administrative Agent substantially in a form reasonably acceptable to the Administrative Agent. 

“Cash Management Services” shall mean any one or more of the following types of services or facilities: (i) commercial
credit cards, merchant card services, purchase or debit cards, including non-card e-payables services, or electronic funds transfer services, (ii) treasury
management services (including controlled disbursement, overdraft, automatic clearing house fund transfer services, return items, and interstate depository network services), (iii) any other demand deposit or operating account relationships or
other cash management services, including pursuant to any Cash Management Agreements and (iv) and other services related, ancillary or complementary to the foregoing. 

“Casualty Event” shall mean, with respect to any property of any Person, any loss of or damage to, or any condemnation or
other taking by a Governmental Authority of, such property constituting Term Loan Collateral for which such Person or any of its Restricted Subsidiaries receives insurance proceeds or proceeds of a condemnation award in respect of any equipment,
fixed assets, or real property (including any improvements thereon) to replace or repair such equipment, fixed assets, or real property; provided, further, that with respect to any Casualty Event, the Borrower shall not be obligated to
make any prepayment otherwise required by Section 5.2 unless and until the aggregate amount of Net Cash Proceeds from all such Casualty Events, after giving effect to the reinvestment rights set forth herein, exceeds
$30,000,000 in any fiscal year of the Borrower (the “Casualty Prepayment Trigger”), but then from all such Net Cash Proceeds (excluding amounts below the Casualty Prepayment Trigger). 

  
 - 10 - 

 “CFC” shall mean any Subsidiary of the Borrower that is a “controlled
foreign corporation” within the meaning of Section 957 of the Code. 
 “CFC Holding Company” shall mean a
Domestic Subsidiary of the Borrower substantially all of the assets of which consist of equity and/or Indebtedness and/or receivables of one or more Foreign Subsidiaries that are CFCs. 

“Change in Law” shall mean (i) the adoption of any law, treaty, order, policy, rule, or regulation after the Closing
Date, (ii) any change in any law, treaty, order, policy, rule, or regulation or in the interpretation or application thereof by, any Governmental Authority after the Closing Date or (iii) compliance by any Lender with any guideline,
request, directive, or order issued or made after the Closing Date by any central bank or other Governmental Authority (whether or not having the force of law), including, for avoidance of doubt, any such adoption, change or compliance in respect of
(a) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, regulations, guidelines, or directives thereunder or issued in connection therewith and (b) all requests, rules, guidelines, requirements, or
directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority), or the United States or foreign regulatory authorities pursuant to Basel III in each case, after
the Closing Date. 
 “Change of Control” shall mean and be deemed to have occurred if (i) at any time prior to an IPO,
the Permitted Holders shall at any time not own, in the aggregate, directly or indirectly, beneficially and of record, at least 35% of the voting power of the outstanding Voting Stock of the Borrower, (ii) at any time after an IPO, any Person,
entity, or “group” (within the meaning of Section 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended), other than the Permitted Holders, shall at any time have acquired direct or indirect beneficial ownership of a
percentage of the voting power of the outstanding Voting Stock of the Borrower that exceeds 35% thereof, unless the Permitted Holders have, at such time, the right or the ability by voting power, contract, or otherwise to elect or designate for
election at least a majority of the board of directors (or analogous governing body) of Holdings; (iii) at any time, a Change in Control (as defined in the ABL Credit Agreement) shall have occurred; or (iv) at any time prior to an IPO of
the Borrower, Holdings shall cease to beneficially own, directly or indirectly, 100% of the issued and outstanding equity interests of the Borrower. For the purpose of clauses (i), (ii) and (iv), at any time
when a majority of the outstanding Voting Stock of the Borrower is directly or indirectly owned by a Parent Entity or, if applicable, a Parent Entity acts as the manager, managing member or general partner of the Borrower, references in this
definition to “Borrower” shall be deemed to refer to the ultimate Parent Entity that directly or indirectly owns such Voting Stock or acts as (or, if applicable, is a Parent Entity that directly or indirectly owns a majority of the
outstanding Voting Stock of) such manager, managing member or general partner. For purposes of this definition, (i) “beneficial ownership” shall be as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange Act, (ii) the phrase Person or “group” is within the meaning of Section 13(d) or 14(d) of the Exchange Act, but excluding any employee benefit plan of such Person or
“group” and its subsidiaries and any Person acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan, and (iii) if any Person or “group” includes one or more Permitted Holders, the issued
and outstanding Equity Interests of the Borrower or the IPO Entity, as applicable, directly or indirectly owned by the Permitted Holders that are part of such Person or “group” shall not be treated as being owned by such Person or
“group” for purposes of determining whether clause (ii) of this definition is triggered. 

“City Code” shall have the meaning provided in Section 1.12(c). 

“Class” (i) when used in reference to any Loan or Borrowing, shall refer to whether such Loan, or the Loans comprising
such Borrowing, are Initial Term Loans, New Term Loans (of each Series), Extended Term Loans (of the same Extension Series) or Replacement Term Loans (of the same Series) and (ii) when used in reference to any Commitment, refers to whether such
Commitment is an Initial Term Loan Commitment or a New Term Loan Commitment. 

  
 - 11 - 

 “Closing Date” shall mean December 18, 2019. 

“Closing Date Credit Parties” shall mean each of the Persons specified on Schedule 1.1(b). 

“Closing Date Security Documents” shall mean each of the Security Documents specified on Schedule 1.1(c). 

“Code” shall mean the U.S. Internal Revenue Code of 1986, as amended from time to time. 

“Collateral” shall mean all property pledged or mortgaged or purported to be pledged or mortgaged pursuant to the Security
Documents, excluding in all events Excluded Collateral. 
 “Collateral Agent” shall mean JPMorgan Chase Bank, N.A., as
collateral agent under the Credit Documents, or any successor collateral agent pursuant to Section 12.9, and any Affiliate or designee of JPMorgan Chase Bank, N.A. that may act as the Collateral Agent under any Credit
Document. 
 “Commitments” shall mean, with respect to each Lender (to the extent applicable), such Lender’s Initial
Term Loan Commitment or New Term Loan Commitment. 
 “Commodity Exchange Act” shall mean the Commodity Exchange Act
(7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute. 
 “Communications”
shall have the meaning provided in Section 13.17. 
 “Compliance Certificate” shall mean a
certificate of a responsible financial or accounting officer of the Borrower delivered pursuant to Section 9.1(d) for the applicable Test Period. 

“Confidential Information” shall have the meaning provided in Section 13.16. 

“Consolidated Depreciation and Amortization Expense” shall mean with respect to any Person for any period, the total amount
of depreciation and amortization expense, including the amortization of deferred financing fees or costs, debt issuance costs, commissions, fees, and expenses, capitalized expenditures (including Capitalized Software Expenditures), customer
acquisition costs, the amortization of original issue discount resulting from the issuance of Indebtedness at less than par and incentive payments, conversion costs, and contract acquisition costs of such Person and its Restricted Subsidiaries for
such period on a consolidated basis and otherwise determined in accordance with GAAP. 
 “Consolidated EBITDA” shall mean,
with respect to any Person and its Restricted Subsidiaries on a consolidated basis for any period, the Consolidated Net Income of such Person for such period: 

(i) increased (without duplication) by: 

(a) Taxes paid (including pursuant to any Tax sharing arrangements) and provisions for Taxes of such Person and its Restricted
Subsidiaries, including, in each case federal, state, provincial, local, foreign, unitary, franchise, excise, property, withholding, use and similar Taxes, including any penalties and interest, plus, without duplication, tax distributions paid or
accrued during such period, plus 

  
 - 12 - 

 (b) Fixed Charges of such Person for such period (including (1) net
losses on Hedging Obligations or other derivative instruments entered into for the purpose of hedging interest rate risk and (2) costs of surety bonds in connection with financing activities, in each case, to the extent included in Fixed
Charges), together with items excluded from the definition of Consolidated Interest Expense and any non-cash interest expense, in each case to the extent the same were deducted (and not added back) in
calculating such Consolidated Net Income, plus 
 (c) Consolidated Depreciation and Amortization Expense of such Person for
such period to the extent the same were deducted (and not added back) in computing Consolidated Net Income, plus 

(d) any expenses, fees, charges, or losses (other than depreciation or amortization expense) related to or incurred in
connection with any equity issuance, including, without limitation, an IPO (including any one-time expenses of the Borrower, Holdings or any Parent Entity relating to the enhancement of accounting functions or
other transactions costs associated with becoming a public company), Permitted Investment, Restricted Payment, acquisition, disposition, recapitalization, or the incurrence of Indebtedness permitted to be incurred by this Agreement (including a
refinancing thereof) (whether or not successful and including any such transaction consummated prior to the Closing Date), including (1) such fees, expenses, or charges related to the incurrence of the ABL Loans and the Loans hereunder and all
Transaction Expenses, (2) such fees, expenses, or charges related to the offering of the Credit Documents and any other credit facilities, or debt issuances, (3) any amendment or other modification of the ABL Loans, the Loans hereunder or
thereunder, or other Indebtedness, (4) cash payments made to holders of equity-based and other non-cash compensation obligations of any Acquired Entity or Business to settle and terminate all rights of
such holders existing as of or arising after the acquisition thereof on account of such equity-based and non-cash compensation and (5) costs associated with directors’ and officers’ run-off insurance policies, in each case, deducted (and not added back) in computing Consolidated Net Income, plus 

(e) any non-cash charges, including any write offs, write downs, expenses, losses, or
items to the extent the same were deducted (and not added back) in computing Consolidated Net Income (provided that if any such non-cash charges represent an accrual or reserve for potential cash items
in any future period, (i) the Borrower may elect not to add back such non-cash charge in the current period and (ii) to the extent the Borrower elects to add back such
non-cash charge, the cash payment in respect thereof in such future period shall be deducted from Consolidated EBITDA to such extent, and excluding amortization of a prepaid cash item that was paid in a prior
period), plus 
 (f) the amount of any net income (loss) attributable to
non-controlling interests in any non-Wholly-Owned Subsidiary deducted (and not added back) in such period in calculating Consolidated Net Income, plus 

(g) the amount of management, monitoring, consulting, and advisory fees (including termination fees) and related indemnities
and expenses paid or accrued in such period to the Sponsor or any of its Affiliates or any members of the board of directors (or equivalent thereof) of the Borrower (or Parent Entity thereof) or any Restricted Subsidiary, plus 

  
 - 13 - 

 (h) costs of surety bonds incurred in such period in connection with
financing activities, plus 
 (i) the amount of reasonably identifiable and factually supportable “run-rate” cost savings, operating expense reductions, operating enhancements, operating improvements, revenue enhancements and synergies related to (A) the Transactions and (B) after the Closing
Date, permitted asset sales, mergers or other business combinations, acquisitions, Investments, dispositions or divestitures, operating improvements and expense reductions, restructurings, cost saving initiatives and certain other similar
initiatives and specified transactions, in each case, net of the amount of actual benefits realized prior to or during such period from such actions (which cost savings, operating expense reductions, operating enhancements, operating improvements,
revenue enhancements and synergies shall be calculated on a Pro Forma Basis as though such cost savings, operating expense reductions, operating enhancements, operating improvements, revenue enhancements or synergies had been realized on the
first day of such period); provided that, with respect to clause (B), such cost savings, operating expense reductions, operating enhancements, operating improvements and synergies are projected by the Borrower in good faith to result
from actions either taken or expected to be taken within 36 months of the determination to take such action, plus 

(j) the amount of loss or discount on sale of receivables and related assets to the Receivables Subsidiary in connection with
a Receivables Facility, plus 
 (k) any costs or expense incurred by the Borrower or a Restricted Subsidiary pursuant
to any management equity plan or stock option or phantom equity plan or any other management or employee benefit plan or agreement or any stock subscription or shareholder agreement, to the extent that (i) such cost or expenses are funded with
cash proceeds contributed to the capital of the Borrower or net cash proceeds of an issuance of Equity Interests of the Borrower (other than Disqualified Stock) and (ii) the Borrower or a Restricted Subsidiary pays any cash bonus with respect
to any of the foregoing, plus 
 (l) the amount of expenses relating to payments made to option, phantom equity or
profits interest holders of the Borrower or any of its any direct or indirect subsidiaries or Parent Entity in connection with, or as a result of, any distribution being made to equity holders of such Person or its Parent Entity, which payments are
being made to compensate such option, phantom equity or profits interest holders as though they were equity holders at the time of, and entitled to share in, such distribution, in each case to the extent permitted under this Agreement and expenses
relating to distributions made to equity holders of such Person or its direct or indirect parent companies resulting from the application of Financial Accounting Standards Codification Topic 718 – Compensation – Stock Compensation
(formerly Financial Accounting Standards Board Statement No. 123 (Revised 2004)), plus 

  
 - 14 - 

 (m) with respect to any joint venture that is not a Restricted Subsidiary,
an amount equal to the proportion of those items described in clauses (a) and (c) above relating to such joint venture corresponding to the Borrower’s and the Restricted Subsidiaries’ proportionate
share of such joint venture’s Consolidated Net Income (determined as if such joint venture were a Restricted Subsidiary), plus 

(n) cash receipts (or any netting arrangements resulting in reduced cash expenses) not included in Consolidated EBITDA in any
period solely to the extent that the corresponding non-cash gains relating to such receipts were deducted in the calculation of Consolidated EBITDA pursuant to paragraph (ii) below
for any previous period and not added back, plus 
 (o) to the extent not already included in the Consolidated Net
Income, (1) any expenses and charges that are reimbursed by indemnification or other similar provisions in connection with any investment or any sale, conveyance, transfer, or other Asset Sale of assets permitted hereunder and (2) to the
extent covered by insurance and actually reimbursed, or, so long as the Borrower has made a determination that there exists reasonable evidence that such amount will in fact be reimbursed by the insurer and only to the extent that such amount is
(A) not denied by the applicable carrier in writing within 180 days and (B) in fact reimbursed within 365 days of the date of the determination by the Borrower that there exists such evidence (with a deduction for any amount so
added back to the extent not so reimbursed within such 365 days), expenses with respect to liability or casualty events or business interruption, plus 

(p) other add-backs and adjustments of the type reflected in the Sponsor Model,
plus 
 (q) any net pension or other post-employment benefit costs representing amortization of unrecognized prior
service costs, actuarial losses, including amortization of such amounts arising in prior periods, amortization of the unrecognized net obligation (and loss or cost) existing at the date of initial application of FASB Accounting Standards
Codification Topic 715–Compensation—Retirement Benefits, and any other items of a similar nature, plus 

(r) the amount of any cash received in such period in respect of membership program fees in excess of the amount of membership
revenue recognized for such period, plus 
 (s) (i) any costs or expenses incurred by the Borrower or a Restricted
Subsidiary in connection with the opening of a new store or similar facility and (ii) the amount of reasonably identifiable and factually supportable “run-rate” EBITDA (calculated on a pre-tax basis) that is projected by the Borrower in good faith to be derived from the opening of a new store or similar facility (calculated on a Pro Forma Basis as though such EBITDA had been realized on the
first day of such period) within 36 months of the opening of such new store or similar facility net of the amount of actual earnings realized prior to or during such period from the opening of such new store or facility; plus 

  
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 (t) adjustments consistent with
Regulation S-X or contained in a quality of earnings report made available to the Administrative Agent conducted by financial advisors (which are either nationally recognized or reasonably acceptable to
the Administrative Agent (it being understood and agreed that any of the “Big Four” accounting firms are acceptable)); plus 

(u) the net amount, if any, of the difference between (to the extent the amount in the following
clause (i) exceeds the amount in the following clause (ii)): (i) the deferred revenue of such Person and its Restricted Subsidiaries as of the last day of such period and (ii) the
deferred revenue such Person and its Restricted Subsidiaries as of the date that is twelve months prior to the last day of such period, in each case calculated in a manner consistent with such Person’s past practices and without giving effect
to any purchase accounting adjustment; plus 
 (v) amortization of development advance payments which were made with
the objective of increasing the number of customers or improving customer loyalty; 
 (ii) decreased by (without
duplication), (a) non-cash gains increasing Consolidated Net Income of such Person for such period, excluding any non-cash gains which represent the reversal of any
accrual of, or cash reserve for, anticipated cash charges that reduced Consolidated EBITDA in any prior period other than non-cash gains relating to the application of Financial Accounting Standards
Codification Topic 842 – Leases (formerly Financial Accounting Standards Codification Topic 840); provided that, to the extent non-cash gains are deducted pursuant to this
clause (ii)(a) for any previous period and not otherwise added back to Consolidated EBITDA, Consolidated EBITDA shall be increased by the amount of any cash receipts (or any netting arrangements resulting in reduced cash
expenses) in respect of such non-cash gains received in subsequent periods to the extent not already included therein, (b) the amount of membership revenue recognized for such period in excess of the
amount of any cash received in such period in respect of membership program fees and (c) the net amount, if any, of the difference between (to the extent the amount in the following clause (i) exceeds the amount in the
following clause (ii)): (i) the deferred revenue of such Person and its Restricted Subsidiaries as of the date that is twelve months prior to the last day of such period and (ii) the deferred revenue of such
Person and its Restricted Subsidiaries as of the last day of such period, in each case calculated in a manner consistent with such Person’s past practices and without giving effect to any purchase accounting adjustment, plus 

(iii) increased or decreased by (without duplication): 

(a) any net gain or loss resulting in such period from currency gains or losses related to Indebtedness, intercompany balances,
and other balance sheet items, plus or minus, as the case may be, and 
 (b) any net gain or loss resulting in such period
from Hedging Obligations, and the application of Financial Accounting Standards Codification Topic 815 – Derivatives and Hedging (ASC 815) (formerly Financing Accounting Standards Board Statement No. 133), and its related pronouncements
and interpretations, or the equivalent accounting standard under GAAP or an alternative basis of accounting applied in lieu of GAAP. 

  
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 For the avoidance of doubt: 

(i) to the extent included in Consolidated Net Income, there shall be excluded in determining Consolidated EBITDA for any
period any adjustments resulting from the application of ASC 815 and its related pronouncements and interpretations, or the equivalent accounting standard under GAAP or an alternative basis of accounting applied in lieu of GAAP, 

(ii) there shall be included in determining Consolidated EBITDA for any period, without duplication, (1) the Acquired
EBITDA of any Person or business, or attributable to any property or asset acquired by the Borrower or any Restricted Subsidiary during such period (but not the Acquired EBITDA of any related Person or business or any Acquired EBITDA attributable to
any assets or property, in each case to the extent not so acquired) to the extent not subsequently sold, transferred, abandoned, or otherwise disposed by the Borrower or such Restricted Subsidiary during such period (each such Person, business,
property, or asset acquired and not subsequently so disposed of, an “Acquired Entity or Business”) and the Acquired EBITDA of any Unrestricted Subsidiary that is converted into a Restricted Subsidiary during such period (each, a
“Converted Restricted Subsidiary”), based on the actual Acquired EBITDA of such Acquired Entity or Business or Converted Restricted Subsidiary for such period (including the portion thereof occurring prior to such acquisition or
conversion) and (2) an adjustment in respect of each Acquired Entity or Business equal to the amount of the Pro Forma Adjustment with respect to such Acquired Entity or Business for such period (including the portion thereof occurring
prior to such acquisition); and 
 (iii) to the extent included in Consolidated Net Income, there shall be excluded in
determining Consolidated EBITDA for any period the Disposed EBITDA of any Person, property, business, or asset sold, transferred, abandoned, or otherwise disposed of, closed or classified as discontinued operations by the Borrower or any Restricted
Subsidiary during such period (each such Person, property, business, or asset so sold or disposed of, a “Sold Entity or Business”), and the Disposed EBITDA of any Restricted Subsidiary that is converted into an Unrestricted
Subsidiary during such period (each, a “Converted Unrestricted Subsidiary”) based on the actual Disposed EBITDA of such Sold Entity or Business or Converted Unrestricted Subsidiary for such period (including the portion thereof
occurring prior to such sale, transfer, or disposition or conversion); provided that for the avoidance of doubt, notwithstanding any classification under GAAP of any Person or business in respect of which a definitive agreement for the
disposition thereof has been entered into as discontinued operations, the Disposed EBITDA of such Person or business shall not be excluded pursuant to this paragraph until such disposition shall have been consummated. 

Unless expressly specified otherwise or required by context, references in this Agreement to Consolidated EBITDA shall refer to the
Consolidated EBITDA of the Borrower and its Restricted Subsidiaries. 
 “Consolidated First Lien Secured Debt”
shall mean Consolidated Total Debt as of such date that is not Subordinated Indebtedness and is secured by a Lien on the Collateral that ranks on an equal priority basis (but without regard to the control of remedies) with Liens on the
Collateral securing the Obligations. For the avoidance of doubt, any Indebtedness under the ABL Facility shall constitute Consolidated First Lien Secured Debt. 

  
 - 17 - 

 “Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio” shall
mean, as of any date of determination, the ratio of (i) Consolidated First Lien Secured Debt as of such date of determination, minus any outstanding ABL Loans that were used to finance working capital needs of the Borrower and its
Subsidiaries (as reasonably determined by the Borrower in its reasonable discretion), minus unrestricted cash and Cash Equivalents, in each case, free and clear of all Liens other than Permitted Liens (provided that cash and Cash
Equivalents subject to a Permitted Lien shall be deemed to be unrestricted for purposes of calculating the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio) to (ii) Consolidated EBITDA of the Borrower for the Test Period most
recently ended on or prior to such date of determination, in each case with such pro forma adjustments to Consolidated First Lien Secured Debt and Consolidated EBITDA as are appropriate and consistent with the pro forma adjustment
provisions set forth in Section 1.12. 
 “Consolidated Interest Expense” shall mean the sum of
cash interest expense (including that attributable to Capitalized Lease Obligations), net of cash interest income of such Person and its Restricted Subsidiaries with respect to all outstanding Indebtedness of such Person and its Restricted
Subsidiaries, including all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing and net costs under hedging agreements, but excluding, for the avoidance of doubt,
(a) amortization of deferred financing costs, debt issuance costs, commissions, fees and expenses and any other amounts of non-cash interest (including as a result of the effects of acquisition method
accounting or pushdown accounting), (b) non-cash interest expense attributable to the movement of the mark-to-market
valuation of Indebtedness or obligations under Hedging Obligations or other derivative instruments pursuant to FASB Accounting Standards Codification Topic 815 – Derivatives and Hedging, (c) any
one-time cash costs associated with breakage in respect of hedging agreements for interest rates, (d) commissions, discounts, yield, make-whole premium and other fees and charges (including any interest
expense) incurred in connection with any Receivables Facility, (e) any “additional interest” owing pursuant to a registration rights agreement with respect to any securities, (f) any payments with respect to make-whole premiums
or other breakage costs of any Indebtedness, including, without limitation, any Indebtedness issued in connection with the Transactions, (g) penalties and interest relating to taxes, (h) accretion or accrual of discounted liabilities not
constituting Indebtedness, (i) interest expense attributable to a direct or indirect parent entity resulting from push-down accounting, (j) any expense resulting from the discounting of Indebtedness in connection with the application of
recapitalization or purchase accounting, and (k) any interest expense attributable to the exercise of appraisal rights and the settlement of any claims or actions (whether actual, contingent or potential), with respect thereto and with respect
to the Transactions, any acquisition or Investment permitted hereunder, all as calculated on a consolidated basis. 
 For purposes of this
definition, interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by such Person to be the rate of interest implicit in such Capitalized Lease Obligation or the incremental borrowing rate of
such Capitalized Lease Obligations, in each case, in accordance with GAAP. 
 “Consolidated Net Income” shall mean,
with respect to any Person for any period, the aggregate of the Net Income, of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, and on an after-tax basis to the extent
appropriate, and otherwise determined in accordance with GAAP; provided that, without duplication, 
 (i)
extraordinary, non-recurring or unusual gains or losses (less all fees and expenses relating thereto) or expenses (including any unusual or non-recurring operating
expenses directly attributable to the implementation of cost savings initiatives and any accruals or reserves in respect of any extraordinary, non- recurring or unusual items), severance, relocation costs,
consulting costs, integration and facilities’ or bases’ opening costs and other business optimization expenses (including related to new product introductions, non-recurring product and intellectual
property development and other strategic or cost savings initiatives), restructuring charges, accruals or reserves (including restructuring and integration costs related to acquisitions 

  
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and adjustments to existing reserves), whether or not classified as restructuring expense on the consolidated financial statements, signing costs, retention or completion bonuses, other executive
recruiting and retention costs, transition costs, duplicative running costs, costs related to closure/consolidation of facilities or bases and curtailments or modifications to pension and post-retirement employee benefit plans (including any
settlement of pension liabilities and charges resulting from changes in estimates, valuations and judgments), shall be excluded, 

(ii) the Net Income for such period shall not include the cumulative effect of a change in accounting principles and changes as
a result of the adoption or modification of accounting policies during such period, shall be excluded, 
 (iii) any gain
(loss) (less all fees and expenses relating thereto) on asset sales, disposals or abandonments (other than asset sales, disposals or abandonments in the ordinary course of business but including bulk subscriber contract sales) or discontinued
operations (but if such operations are classified as discontinued due to the fact that they are subject to an agreement to dispose of such operations, only when and to the extent such operations are actually disposed of), shall be excluded, 

(iv) any effect of gains or losses (less all fees and expenses relating thereto) attributable to asset dispositions or
abandonments other than in the ordinary course of business, as determined in good faith by the board of directors (or analogous governing body) of the Borrower, shall be excluded, 

(v) the Net Income for such period of any Person that is not the Borrower or a Subsidiary, or that is an Unrestricted
Subsidiary, or that is accounted for by the equity method of accounting, shall be excluded; provided that Consolidated Net Income of the Borrower shall be increased by the amount of dividends or distributions or other payments that are
actually paid in cash (or to the extent converted into cash or Cash Equivalents) to the referenced Person or Restricted Subsidiary thereof in respect of such period, 

(vi) solely for the purpose of determining the Available Amount, the Net Income for such period of any Restricted Subsidiary
(other than any Guarantor) shall be excluded to the extent the declaration or payment of dividends or similar distributions by that Restricted Subsidiary of its Net Income is not at the date of determination permitted without any prior governmental
approval (which has not been obtained) or, directly or indirectly, by the operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule, or governmental regulation applicable to that Restricted Subsidiary
or its stockholders, unless such restriction with respect to the payment of dividends or similar distributions (a) has been legally waived, or otherwise released, (b) is imposed pursuant to this Agreement and other Credit Documents, the
ABL Credit Documents, Permitted Debt Exchange Notes, New Term Loans, or Permitted Other Indebtedness, or (c) arises pursuant to an agreement or instrument if the encumbrances and restrictions contained in any such agreement or instrument taken
as a whole are not materially less favorable to the Secured Parties than the encumbrances and restrictions contained in the Credit Documents (as determined by the Borrower in good faith); provided that Consolidated Net Income of the referent
Person will be increased by the amount of dividends or other distributions or other payments actually paid in cash (or to the extent converted into cash) or Cash Equivalents to such Person or a Restricted Subsidiary in respect of such period, to the
extent not already included therein, 

  
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 (vii) effects of adjustments (including the effects of such adjustments
pushed down to the Borrower and the Restricted Subsidiaries) in any line item in such Person’s consolidated financial statements required or permitted by Financial Accounting Standards Codification Topic 805 – Business Combinations and
Topic 350 – Intangibles-Goodwill and Other (ASC 805 and ASC 350) (formerly Financial Accounting Standards Board Statement Nos. 141 and 142, respectively) resulting from the application of purchase accounting, including in relation to the
Transactions and any acquisition that is consummated after the Closing Date or the amortization or write-off of any amounts thereof, net of taxes, shall be excluded, 

(viii) (a) any effect of income (loss) from the early extinguishment or conversion of Indebtedness or Hedging Obligations
or other derivative instruments (including deferred financing costs written off and premiums paid), (b) any non-cash income (or loss) related to currency gains or losses related to Indebtedness,
intercompany balances, and other balance sheet items and to Hedging Obligations pursuant to ASC 815 (or such successor provision), and (c) any non-cash expense, income, or loss attributable to the
movement in mark-to-market valuation of foreign currencies, Indebtedness, or derivative instruments pursuant to GAAP, shall be excluded, 

(ix) any impairment charge, asset write-off, or write-down pursuant to ASC 350 and
Financial Accounting Standards Codification Topic 360 – Impairment and Disposal of Long-Lived Assets (ASC 360) (formerly Financial Accounting Standards Board Statement No. 144) and the amortization of intangibles arising pursuant to ASC
805 shall be excluded, 
 (x) (a) any non-cash compensation expense recorded from or
in connection with any share-based compensation arrangements including stock appreciation or similar rights, phantom equity, stock options, restricted stock, capital or profits interests or other rights to officers, directors, managers, or employees
and (b) non-cash income (loss) attributable to deferred compensation plans or trusts, shall be excluded, 

(xi) any fees and expenses incurred during such period, or any amortization thereof for such period, in connection with any
acquisition, Investment, recapitalization, Asset Sale, issuance or repayment of Indebtedness, issuance of Equity Interests, refinancing transaction or amendment or modification of any debt instrument (in each case, including any such transaction
consummated prior to the Closing Date and any such transaction undertaken but not completed) and any charges or non-recurring merger costs incurred during such period as a result of any such transaction shall
be excluded, 
 (xii) accruals and reserves (including contingent liabilities) that are established or adjusted within twelve
months after the Closing Date that are so required to be established as a result of the Transactions in accordance with GAAP, or changes as a result of adoption or modification of accounting policies, shall be excluded, 

(xiii) to the extent covered by insurance or indemnification and actually reimbursed, or, so long as the Borrower has made a
determination that there exists reasonable evidence that such amount will in fact be reimbursed by the insurer or indemnifying party and only to the extent that such amount is (a) not denied by the applicable carrier or indemnifying party in
writing within 180 days and (b) in fact reimbursed within 365 days of the date of the determination by the Borrower that there exists such evidence (with a deduction for any amount so added back to the extent not so reimbursed within
365 days), losses and expenses with respect to liability or casualty events or business interruption shall be excluded, 

(xiv) any deferred tax expense associated with tax deductions or net operating losses arising as a result of the Transactions,
or the release of any valuation allowance related to such items, the one-time impact of any changes in tax laws and regulations and one-time releases of valuation
allowances on net operating losses, shall be excluded, 

  
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 (xv) any costs or expenses incurred during such period relating to
environmental remediation, litigation, or other disputes in respect of events and exposures that occurred prior to the Closing Date shall be excluded, 

(xvi) costs associated with, or in anticipation of, or preparation for, compliance with the requirements of the Sarbanes-Oxley
Act of 2002 and the rules and regulations promulgated in connection therewith and Public Company Costs shall be excluded, 

(xvii) any adjustments resulting from the application of Financial Accounting Standards Codification Topic 460 –
Guarantees (ASC 460), or any comparable regulation, shall be excluded, and 
 (xviii)
earn-out and contingent consideration obligations (including to the extent accounted for as a bonus or otherwise) and adjustments thereof and purchase price adjustments, shall be excluded. 

“Consolidated Senior Secured Debt” shall mean Consolidated Total Debt as of such date that is not Subordinated
Indebtedness and is secured by a Lien on the Collateral. 
 “Consolidated Senior Secured Debt to Consolidated EBITDA Ratio”
shall mean, as of any date of determination, the ratio of (i) Consolidated Senior Secured Debt as of such date of determination, minus any outstanding ABL Loans that were used to finance working capital needs of the Borrower and its
Subsidiaries (as reasonably determined by the Borrower in its reasonable discretion), minus unrestricted cash and Cash Equivalents, in each case, free and clear of all Liens other than Permitted Liens (provided that cash and Cash
Equivalents subject to a Permitted Lien shall be deemed to be unrestricted for purposes of calculating the Consolidated Senior Secured Debt to Consolidated EBITDA Ratio) to (ii) Consolidated EBITDA of the Borrower for the Test Period most
recently ended on or prior to such date of determination, in each case with such pro forma adjustments to Consolidated Senior Secured Debt and Consolidated EBITDA as are appropriate and consistent with the pro forma adjustment provisions
set forth in Section 1.12. 
 “Consolidated Total Assets” shall mean, as of any date of
determination, the amount that would, in conformity with GAAP, be set forth opposite the caption “total assets” (or any like caption) on the most recent consolidated balance sheet of the Borrower and the Restricted Subsidiaries at such
date. 
 “Consolidated Total Debt” shall mean, as at any date of determination, an amount equal to the sum of the aggregate
amount of all outstanding Indebtedness of the Borrower and the Restricted Subsidiaries on a consolidated basis, consisting of Indebtedness for borrowed money, Capitalized Lease Obligations and debt obligations evidenced by promissory notes and
similar instruments (and excluding, for the avoidance of doubt, Hedging Obligations); provided that Consolidated Total Debt shall not include (i) Letters of Credit (as defined in the ABL Credit Agreement), except to the extent of any
Letters of Credit for which any payment or disbursement has been made by any Letter of Credit Issuer (as defined in the ABL Credit Agreement) or (ii) Indebtedness arising in respect of the provision of virtual account numbers, credit cards,
gift cards and other funds transfer liabilities in the ordinary course of business. 

  
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 “Consolidated Total Debt to Consolidated EBITDA Ratio” shall mean,
as of any date of determination, the ratio of (i) Consolidated Total Debt as of such date of determination, minus any outstanding Revolving Loans that were used to finance working capital needs of the Borrower and its Subsidiaries (as
reasonably determined by the Borrower in its reasonable discretion), minus unrestricted cash and Cash Equivalents, in each case, free and clear of all Liens other than Permitted Liens, (provided that cash and Cash Equivalents subject
to a Permitted Lien shall be deemed to be unrestricted for purposes of calculating the Consolidated Total Debt to Consolidated EBITDA Ratio) to (ii) Consolidated EBITDA of the Borrower for the Test Period most recently ended on or prior to such
date of determination, in each case with such pro forma adjustments to Consolidated Total Debt and Consolidated EBITDA as are appropriate and consistent with the pro forma adjustment provisions set forth in
Section 1.12. 
 “Consolidated Working Capital” shall mean, at any date, the excess of
(i) the sum of all amounts (other than cash and Cash Equivalents) that would, in conformity with GAAP, be set forth opposite the caption “total current assets” (or any like caption) on a consolidated balance sheet of the Borrower and
the Restricted Subsidiaries at such date excluding the current portion of current and deferred income taxes over (ii) the sum of all amounts that would, in conformity with GAAP, be set forth opposite the caption “total current
liabilities” (or any like caption) on a consolidated balance sheet of the Borrower and the Restricted Subsidiaries on such date, but excluding (for purposes of both clauses (i) and (ii) above), without
duplication, (a) the current portion of any Funded Debt, (b) all Indebtedness consisting of Loans, ABL Loans and Fronting Exposure (as defined in the ABL Credit Agreement) and Capital Leases to the extent otherwise included therein,
(c) the current portion of interest, (d) the current portion of current and deferred income taxes, (e) any liabilities that are not Indebtedness and will not be settled in cash or Cash Equivalents during the next succeeding twelve
month period after such date, (f) the effects from applying purchase accounting, (g) any accrued professional liability risks, (h) restricted marketable securities, and (i) deferred revenue reflected within current liabilities;
provided that, for purposes of calculating Excess Cash Flow, increases or decreases in working capital (A) arising from acquisitions or dispositions by the Borrower and the Restricted Subsidiaries shall be measured from the date on which
such acquisition or disposition occurred and (B) shall exclude (I) the impact of non-cash adjustments contemplated in the Excess Cash Flow calculation, (II) the impact of adjusting items in the
definition of “Consolidated Net Income” and (III) any changes in current assets or current liabilities as a result of (w) the effect of fluctuations in the amount of accrued or contingent obligations, assets or liabilities under
hedging agreements or other derivative obligations, (x) any reclassification, other than as a result of the passage of time, in accordance with GAAP of assets or liabilities, as applicable, between current and noncurrent, (y) the effects
of acquisition method accounting or (z) any non-cash increases or decreases in liabilities in respect of property, plant and equipment. 

“Contingent Obligations” shall mean, with respect to any Person, any obligation of such Person guaranteeing any leases,
dividends, or other payment obligations that do not constitute Indebtedness (“primary obligations”) of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, including, without
limitation, any obligation of such Person, whether or not contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (ii) to advance or supply funds (a) for the purchase
or payment of any such primary obligation or (b) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, or (iii) to purchase property, securities, or
services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation against loss in respect thereof. 

“Contract Consideration” shall have the meaning provided in the definition of Excess Cash Flow. 

“Contractual Requirement” shall have the meaning provided in Section 8.3. 

  
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 “Converted Restricted Subsidiary” shall have the meaning provided in
the definition of the term Consolidated EBITDA. 
 “Converted Unrestricted Subsidiary” shall have the meaning
provided in the definition of the term Consolidated EBITDA. 
 “Covered Entity” shall mean (a) a “covered
entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (b) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (c) a
“covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b). 
 “Covered
Party” shall have the meaning provided in Section 13.24. 
 “Credit Documents”
shall mean this Agreement, each Joinder Agreement, each Extension Amendment, each Permitted Repricing Amendment, the Guarantees, the Security Documents, and any promissory notes issued by the Borrower pursuant hereto. 

“Credit Event” shall mean and include the making (but not the conversion or continuation) of a Loan. 

“Credit Facilities” shall mean, collectively, each category of Commitments and each extension of credit hereunder. 

“Credit Facility” shall mean a category of Commitments and extensions of credit thereunder. 

“Credit Party” shall mean the Borrower and the Guarantors. 

“Debt Incurrence Prepayment Event” shall mean any issuance or incurrence by the Borrower or any of the Restricted
Subsidiaries of any Indebtedness (excluding any Indebtedness permitted to be issued or incurred under Section 10.1 other than Section 10.1(w)). 

“Declined Proceeds” shall have the meaning provided in Section 5.2(f). 

“Default” shall mean any event, act, or condition that with notice or lapse of time, or both, would constitute an Event of
Default. 
 “Default Rate” shall have the meaning provided in Section 2.8(c). 

“Default Right” shall have the meaning assigned to such term in, and shall be interpreted in accordance with, 12 C.F.R.
§§ 252.81, 47.2 or 382.1, as applicable. 
 “Defaulting Lender” shall mean any Lender whose acts or failure
to act, whether directly or indirectly, cause it to meet any part of the definition of Lender Default. 
 “Deferred Net Cash
Proceeds” shall have the meaning provided such term in the definition of Net Cash Proceeds. 
 “Deferred Net Cash
Proceeds Payment Date” shall have the meaning provided such term in the definition of Net Cash Proceeds. 

“Derivative Counterparty” shall have the meaning provided in Section 13.16. 

  
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 “Designated Jurisdiction” shall mean the United States of America (or any
state thereof or the District of Columbia). 
 “Designated Non-Cash
Consideration” shall mean the Fair Market Value of non-cash consideration received by the Borrower or a Restricted Subsidiary in connection with an Asset Sale that is so designated as
Designated Non-Cash Consideration pursuant to a certificate of an Authorized Officer of the Borrower, setting forth the basis of such valuation, executed by either a senior vice president or the principal
financial officer of the Borrower, less the amount of cash or Cash Equivalents received in connection with a subsequent sale of or collection on or other disposition of such Designated Non-Cash Consideration.
A particular item of Designated Non-Cash Consideration will no longer be considered to be outstanding when and to the extent it has been paid, redeemed or otherwise retired or sold or otherwise disposed of in
compliance with Section 10.4. 
 “Designated Preferred Stock” shall mean preferred stock of the
Borrower or any direct or indirect parent company of the Borrower (in each case other than Disqualified Stock) that is issued for cash (other than to a Restricted Subsidiary or an employee stock ownership plan or trust established by the Borrower or
any of its Subsidiaries) and is so designated as Designated Preferred Stock, pursuant to an officer’s certificate executed by the principal financial officer of the Borrower or the parent company thereof, as the case may be, on the issuance
date thereof, the cash proceeds of which are excluded from the calculation set forth in clause (iii) of Section 10.5(a). 

“Discretionary Guarantor” shall mean any Restricted Subsidiary that, at the option of the Borrower in its sole discretion,
has been designated (or redesignated) as a Guarantor unless and until such time, if any, that such Restricted Subsidiary has been redesignated, at the option of the Borrower in its sole discretion, as an Excluded Subsidiary, in each case, in
accordance with Section 9.11(b). 
 “Disposed EBITDA” shall mean, with respect to any Sold
Entity or Business or any Converted Unrestricted Subsidiary for any period, the amount for such period of Consolidated EBITDA of such Sold Entity or Business or Converted Unrestricted Subsidiary (determined as if references to the Borrower and the
Restricted Subsidiaries in the definition of Consolidated EBITDA were references to such Sold Entity or Business or Converted Unrestricted Subsidiary and its respective Subsidiaries), all as determined on a consolidated basis for such Sold Entity or
Business or Converted Unrestricted Subsidiary, as the case may be. 
 “disposition” shall have the meaning assigned such
term in clause (i) of the definition of Asset Sale. 
 “Disqualified Lenders” shall mean such
Persons (i) that have been specified by name in writing to the Administrative Agent prior to December 18, 2019, (ii) who are competitors of the Borrower and its Subsidiaries that are separately identified by name in writing by the
Borrower to the Administrative Agent from time to time, and (iii) in the case of each of clauses (i) and (ii), any of their Affiliates (other than any such Affiliate that is a bona fide debt fund or investment
vehicle (other than any person referred to in clause (i) above) that is engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of business which is
managed, sponsored or advised by any person controlling, controlled by or under common control with such Affiliate and for which no personnel involved with the investment of such Affiliate makes any investment decisions or has access to any
information (other than information publicly available) relating to the Borrower or its Subsidiaries) that are either (a) identified by name in writing by the Borrower to the Administrative Agent from time to time or (b) reasonably
identifiable; provided that in no event shall any notice given pursuant to this definition apply to retroactively disqualify any Person who previously acquired and continues to hold, any Loans, Commitments or participations prior to the
receipt of such 

  
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notice; provided further that “Disqualified Lenders” shall exclude any Person that the Borrower has designated as no longer being a “Disqualified Lender” by
written notice delivered to the Administrative Agent from time to time. The Administrative Agent shall have the right, and the Borrower hereby expressly authorizes the Administrative Agent to provide the list of Disqualified Lenders to each Lender
requesting the same (so long as such Lender agrees to keep such list confidential). 
 “Disqualified Person” means any
Disqualified Lender or any affiliate thereof. 
 “Disqualified Stock” shall mean, with respect to any Person, any Capital
Stock of such Person which, by its terms, or by the terms of any security into which it is convertible or for which it is puttable or exchangeable, or upon the happening of any event, matures or is mandatorily redeemable (other than solely for
Qualified Stock), other than as a result of a change of control, asset sale, condemnation event or similar event, pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof (other than solely for
Qualified Stock), other than as a result of a change of control, asset sale, condemnation event or similar event, in whole or in part, in each case, prior to the date that is 91 days after the Latest Term Loan Maturity Date hereunder;
provided that if such Capital Stock is issued to any plan for the benefit of employees of the Borrower or its Subsidiaries or by any such plan to such employees, such Capital Stock shall not constitute Disqualified Stock solely because it may
be required to be repurchased by the Borrower or its Subsidiaries in order to satisfy applicable statutory or regulatory obligations or as a result of such employee’s termination, death, or disability. 

“Distressed Person” shall have the meaning provided in the definition of Lender-Related Distress Event. 

“Division” shall have the meaning provided in Section 1.14. 

“Dollars” and “$” shall mean dollars in lawful currency of the United States. 

“Domestic Subsidiary” shall mean each Subsidiary of the Borrower that is organized under the laws of the United States, any
state thereof, or the District of Columbia. 
 “EEA Financial Institution” means (a) any credit institution or
investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in
clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this
definition and is subject to consolidated supervision with its parent; 
 “EEA Member Country” means any of the member
states of the European Union, Iceland, Liechtenstein, and Norway. 
 “EEA Resolution Authority” means any public
administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Yield” shall mean, as to any Indebtedness, the effective yield on such Indebtedness in the reasonable
determination of the Administrative Agent in consultation with the Borrower and consistent with generally accepted financial practices, taking into account the applicable interest rate margins, any interest rate floors (the effect of which floors
shall be determined in a manner set forth in the proviso below), or similar devices and all fees, and, solely for purposes of determining the Effective Yield for purposes of Section 5.1(b), the following shall be included:
(x) any amendments to the Applicable 

  
 - 25 - 

 
Margin that became effective subsequent to the Closing Date but prior to the time of the addition of such New Term Loans and (y) any upfront or similar fees or original issue discount
(amortized over the shorter of (i) the remaining weighted average life to maturity of such Indebtedness and (ii) the four years following the date of incurrence thereof) payable generally to Lenders or other institutions providing such
Indebtedness in connection with the initial primary syndication thereof, but excluding any arrangement, commitment, structuring, ticking, underwriting, consent fees for an amendment paid generally to consenting Lenders (if applicable), escrow
arrangement fees and/or other similar fees payable in connection therewith that are not generally shared with the relevant Lenders, and/or any original issue discount or upfront fees payable in connection with the Loans issued on the Closing Date or
New Term Loans, as the case may be; provided that with respect to any Indebtedness that includes a “LIBOR floor” or “ABR floor,” to the extent that the Adjusted LIBOR Rate (with an Interest Period of three months) or ABR
(without giving effect to any floors in such definitions), as applicable, on the date that the Effective Yield is being calculated is greater than such floor, then such excess amount shall result in an increase in the relevant interest rate
“floor” and not be equated to interest margin for determining the increase, except as otherwise agreed by the Borrower. 

“Eligible Contract Participant” shall have the meaning provided in Section 11.3. 

“Environmental Claims” shall mean any and all actions, suits, orders, decrees, demand letters, claims, notices of
noncompliance or potential responsibility or violation, or proceedings pursuant to any Environmental Law or any permit issued, or any approval given, under any such Environmental Law (hereinafter, “Claims”), including, without
limitation, (i) any and all Claims by Governmental Authorities for enforcement, investigation, cleanup, removal, response, remedial, or other actions or damages pursuant to any Environmental Law and (ii) any and all Claims by any third
party seeking damages, contribution, indemnification, cost recovery, compensation, or injunctive relief relating to the presence, Release or threatened Release of Hazardous Materials or arising from alleged injury or threat of injury to health or
safety (to the extent relating to human exposure to Hazardous Materials), or the environment including, without limitation, ambient air, indoor air, surface water, groundwater, soil, land surface and subsurface strata, and natural resources such as
wetlands, flora and fauna. 
 “Environmental Law” shall mean any applicable federal, state, foreign, or local statute, law,
rule, regulation, ordinance, code, and rule of common law now or hereafter in effect and in each case as amended, and any binding judicial or administrative interpretation thereof, including any binding judicial or administrative order, consent
decree, or judgment, relating to pollution or protection of the environment, including, without limitation, ambient air, indoor air, surface water, groundwater, soil, land surface and subsurface strata and natural resources such as flora, fauna, or
wetlands, or protection of human health or safety (to the extent relating to human exposure to Hazardous Materials) and including those relating to the generation, storage, treatment, transport, Release, or threat of Release of Hazardous Materials.

 “Equity Interest” shall mean Capital Stock and all warrants, options, or other rights to acquire Capital Stock, but
excluding any debt security that is convertible into, or exchangeable for, Capital Stock. 
 “ERISA” shall mean the
Employee Retirement Income Security Act of 1974, as amended from time to time. 
 “ERISA Affiliate” shall mean any trade or
business (whether or not incorporated) that, together with any Credit Party, is treated as a single employer under Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to
Section 412 of the Code). 

  
 - 26 - 

 “ERISA Event” shall mean (i) the failure of any Plan to comply with
any provisions of ERISA and/or the Code (and applicable regulations under either) or with the terms of such Plan; (ii) the existence with respect to any Plan of a non-exempt Prohibited Transaction;
(iii) any Reportable Event; (iv) the failure of any Credit Party or ERISA Affiliate to make by its due date a required installment under Section 430(j) of the Code with respect to any Pension Plan or any failure by any Pension Plan to
satisfy the minimum funding standards (within the meaning of Section 412 of the Code or Section 302 of ERISA) applicable to such Pension Plan, whether or not waived; (v) a determination that any Pension Plan is in “at risk”
status (within the meaning of Section 430 of the Code or Section 303 of ERISA); (vi) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for a waiver of the minimum funding standard
with respect to any Pension Plan; (vii) the termination of, or the appointment of a trustee to administer, any Pension Plan under Section 4042 of ERISA or the incurrence by any Credit Party or any of its ERISA Affiliates of any liability
under Title IV of ERISA with respect to the termination of any Pension Plan (other than for PBGC premiums due but not delinquent under Section 4007 of ERISA), including but not limited to the imposition of any Lien in favor of the PBGC or
any Pension Plan; (viii) the receipt by any Credit Party or any of its ERISA Affiliates from the PBGC or a plan administrator of any notice to terminate any Pension Plan under Section 4041 of ERISA or to appoint a trustee to administer any
Pension Plan under Section 4042 of ERISA; (ix) the failure by any Credit Party or any of its ERISA Affiliates to make any required contribution to a Multiemployer Plan; (x) the incurrence by any Credit Party or any of its ERISA
Affiliates of any liability with respect to the withdrawal from any Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a “substantial employer” (within the meaning of Section 4001(a)(2) of ERISA), or
a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA, or the complete or partial withdrawal (within the meaning of Section 4203 or 4205 of ERISA) from any Multiemployer Plan; (xi) the receipt
by any Credit Party or any of its ERISA Affiliates of any notice concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, Insolvent, in “endangered” or “critical”
status (within the meaning of Section 432 of the Code or Section 305 of ERISA), or terminated (within the meaning of Section 4041A of ERISA); or (xii) the failure by any Credit Party or any of its ERISA Affiliates to pay when due
(after expiration of any applicable grace period) any installment payment with respect to Withdrawal Liability under Section 4201 of ERISA. 

“EU Bail-In Legislation Schedule” means the EU
Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

“Euro” shall mean the lawful currency of the Participating Member States introduced in accordance with the EMU Legislation.

 “Event of Default” shall have the meaning provided in Section 11.1. 

“Excess Cash Flow” shall mean, for any period, an amount equal to the excess of: 

(i) the sum, without duplication (in each case, for the Borrower and the Restricted Subsidiaries on a consolidated basis), of:

 (a) Consolidated Net Income for such period, 

(b) an amount equal to the amount of all non-cash charges to the extent deducted in
arriving at such Consolidated Net Income and cash receipts to the extent excluded in arriving at such Consolidated Net Income, 

  
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 (c) decreases in Consolidated Working Capital for such period (other than
(1) reclassification of items from short-term to long-term or vice versa and (2) any such decreases arising from acquisitions or Asset Sales by the Borrower and the Restricted Subsidiaries completed during such period or the application of
purchase accounting), 
 (d) an amount equal to the aggregate net non-cash loss on
Asset Sales by the Borrower and the Restricted Subsidiaries during such period (other than Asset Sales in the ordinary course of business) to the extent deducted in arriving at such Consolidated Net Income, 

(e) cash receipts in respect of Hedge Agreements during such period to the extent not otherwise included in Consolidated Net
Income, 
 (f) increases in current and non-current deferred revenue to the extent
deducted or not included in arriving at such Consolidated Net Income; and 
 (g) extraordinary gains; 

over (ii) the sum, without duplication (in each case, for the Borrower and the Restricted Subsidiaries on a
consolidated basis), of: 
 (a) an amount equal to the amount of all non-cash credits
included in arriving at such Consolidated Net Income, cash charges to the extent excluded in arriving at such Consolidated Net Income, and Transaction Expenses to the extent not deducted in arriving at such Consolidated Net Income and paid in cash
during such period, 
 (b) without duplication of amounts deducted pursuant to clause (ii)(k) below
in prior periods, the amount of Capital Expenditures or acquisitions of Intellectual Property accrued or made in cash during such period, except to the extent that such Capital Expenditures or acquisitions were financed with the proceeds of
long-term Indebtedness of the Borrower or the Restricted Subsidiaries (unless such Indebtedness has been repaid other than with the proceeds of long-term indebtedness) other than intercompany loans, 

(c) the aggregate amount of all principal payments of Indebtedness of the Borrower and the Restricted Subsidiaries (including
(1) the principal component of payments in respect of Capitalized Lease Obligations, (2) the amount of any scheduled repayment of Term Loans pursuant to Section 2.5, and (3) the amount of a mandatory
prepayment of Term Loans pursuant to Section 5.2(a) to the extent required due to an Asset Sale that resulted in an increase to Consolidated Net Income and not in excess of the amount of such increase or the proceeds of
which are otherwise included pursuant to clause (i) above but excluding (A) all other prepayments of Term Loans and (B) all prepayments of New Term Loans and ABL Loans (and any other revolving loans (unless there is an
equivalent permanent reduction in commitments thereunder)) made during such period, except to the extent financed with the proceeds of other long-term Indebtedness of the Borrower or the Restricted Subsidiaries), 

(d) an amount equal to the aggregate net non-cash gain on Asset Sales by the Borrower
and the Restricted Subsidiaries during such period (other than Asset Sales in the ordinary course of business) to the extent included in arriving at such Consolidated Net Income, 

  
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 (e) increases in Consolidated Working Capital for such period (other than
(1) reclassification of items from short-term to long-term or vice versa and (2) any such increases arising from acquisitions or Asset Sales by the Borrower and the Restricted Subsidiaries completed during such period or the application of
purchase accounting), 
 (f) payments in cash by the Borrower and the Restricted Subsidiaries during such period in respect
of any purchase price holdbacks, earn-out obligations, and long-term liabilities of the Borrower and the Restricted Subsidiaries other than Indebtedness, to the extent not already deducted from Consolidated
Net Income, 
 (g) without duplication of amounts deducted pursuant to clause (ii)(k) below in
prior fiscal periods, the aggregate amount of cash consideration paid by the Borrower and the Restricted Subsidiaries (on a consolidated basis) in connection with Investments (including acquisitions (but excluding Permitted Investments of the type
described in clauses (i) and (ii) thereof) made during such period constituting Permitted Investments or made pursuant to Section 10.5 to the extent that such Investments were not
financed with the proceeds received from (1) the issuance or incurrence of long-term Indebtedness or (2) the issuance of Capital Stock), 

(h) the amount of dividends made pursuant to Section 10.5 and paid in cash during such period (on a
consolidated basis) by the Borrower and the Restricted Subsidiaries, to the extent such dividends were not financed with the proceeds received from (1) the issuance or incurrence of long-term Indebtedness or (2) the issuance of Capital
Stock, 
 (i) the aggregate amount of expenditures actually made by the Borrower and the Restricted Subsidiaries in cash
during such period (including expenditures for the payment of financing fees) to the extent that such expenditures are not expensed during such period and are not deducted in calculating Consolidated Net Income, 

(j) the aggregate amount of any premium, make-whole, or penalty payments actually paid in cash by the Borrower and the
Restricted Subsidiaries during such period that are made in connection with any prepayment of Indebtedness to the extent that such payments are not deducted in calculating Consolidated Net Income, 

(k) without duplication of amounts deducted from Excess Cash Flow in other periods, (1) the aggregate consideration
required to be paid in cash by the Borrower or any of the Restricted Subsidiaries pursuant to binding contracts, commitments, letters of intent or purchase orders (the “Contract Consideration”) entered into prior to or during such
period and (2) any planned cash expenditures by the Borrower or any of the Restricted Subsidiaries (the “Planned Expenditures”), in the case of each of clauses (1) and (2), relating to Permitted
Acquisitions (or Investments similar to those made for Permitted Acquisitions), Capital Expenditures, or acquisitions of Intellectual Property or other assets to be consummated or made during the period of four consecutive fiscal quarters of the
Borrower, following the end of such period (except to the extent financed with any of the proceeds received from (A) the issuance or incurrence of long-term Indebtedness or (B) the issuance of Equity Interests); provided that to the
extent that the aggregate amount of cash actually utilized to finance such Permitted Acquisitions (or Investments similar to those made for Permitted Acquisitions), Capital Expenditures, or acquisitions of Intellectual Property or other assets
during such following period of four consecutive fiscal quarters is less than the Contract Consideration and Planned Expenditures, the amount of such shortfall shall be added to the calculation of Excess Cash Flow, at the end of such period
of four consecutive fiscal quarters, 

  
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 (l) the amount of taxes (including penalties and interest) paid in cash or
tax reserves set aside or payable (without duplication) in such period to the extent they exceed the amount of tax expense deducted in determining Consolidated Net Income for such period, 

(m) cash expenditures in respect of Hedge Agreements during such period to the extent not deducted in arriving at such
Consolidated Net Income, 
 (n) decreases in current and non-current deferred revenue
to the extent included or not deducted in arriving at such Consolidated Net Income, and 
 (o) extraordinary losses. 

“Excluded Collateral” shall have the meaning set forth in the Guarantee and Collateral Agreement. 

“Excluded Contribution” shall mean net cash proceeds, the Fair Market Value of marketable securities, or the Fair Market
Value of Qualified Proceeds received by the Borrower from (i) contributions to its common equity capital, and (ii) the sale (other than to a Subsidiary of the Borrower or to any management equity plan or stock option plan or any other
management or employee benefit plan or agreement of the Borrower or any Parent Entity of the Borrower) of Capital Stock (other than Disqualified Stock and Designated Preferred Stock) of the Borrower, in each case designated as Excluded Contributions
pursuant to an officer’s certificate, delivered to the Administrative Agent, executed by either a senior vice president or the principal financial officer of the Borrower on the date such capital contributions are made or the date such Equity
Interests are sold, as the case may be, which are excluded from the calculation set forth in clause (iii) of Section 10.5(a); provided that any
non-cash assets shall qualify only if acquired by a Parent Entity of the Borrower in an arm’s-length transaction within the six months prior to such contribution.

 “Excluded Stock and Stock Equivalents” shall mean, subject, in the case of any Excluded Stock and Stock
Equivalents issued or owned by any Foreign Credit Party, to the additional exclusions contained in the Agreed Security Principles, (i) any Capital Stock or Stock Equivalents with respect to which, in the reasonable judgment of the
Administrative Agent and the Borrower (as agreed to in writing), the cost or other consequences (including material adverse tax consequences) of pledging such Capital Stock or Stock Equivalents in favor of the Secured Parties under the Security
Documents shall be excessive in view of the benefits to be obtained by the Lenders therefrom, (ii) (x) any Capital Stock and Stock Equivalents owned by any Foreign Subsidiary with respect to which, as reasonably determined by the Borrower, the
consequence of pledging such Capital Stock or Stock Equivalents to secure the Obligations would adversely affect the ability of the Borrower and its Subsidiaries to satisfy applicable Requirements of Law or result in material adverse tax
consequences; and (y) solely in the case of any pledge of Capital Stock and Stock Equivalents of any CFC or any CFC Holding Company, any Capital Stock or Stock Equivalents of any class of such CFC or CFC Holding Company in excess of 65% of the
outstanding Capital Stock of such class, (iii) any Capital Stock or Stock Equivalents to the extent the pledge thereof would violate any applicable Requirements of Law (including any legally effective requirement to obtain the consent of any
Governmental Authority unless such consent has been obtained) after giving effect to the applicable anti-assignment provisions of the Uniform Commercial Code of any applicable jurisdiction and other applicable law, (iv) any Capital Stock or
Stock Equivalents subject to a Lien permitted by clause (ix) of the definition of Permitted Lien or of any Subsidiary of a Credit Party 

  
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that is not a Wholly-Owned Subsidiary at the time such Subsidiary becomes a Subsidiary of a Credit Party, in each case of this clause (iv), to the extent that and only for so long as a
pledge thereof to secure the Obligations is prohibited by any applicable Contractual Requirement then in effect permitted by this Agreement and binding on such Capital Stock or Stock Equivalents at the time of acquisition thereof by a Credit Party,
requires the consent of any other party to any such Contractual Requirement (other than a Credit Party or a Wholly-Owned Subsidiary of a Credit Party) that has not been obtained (it being understood that the foregoing shall not be deemed to obligate
any Credit Party or any Subsidiary to obtain any such consent) or would give any other party to any such Contractual Requirement (other than a Credit Party or a Wholly-Owned Subsidiary of a Credit Party) the right to terminate its obligations
thereunder, except, in each case of this clause (iv) to the extent any such prohibition, restriction, requirement or other limitation on the pledge of such Capital Stock or Stock Equivalents is rendered ineffective by Section 9-406 or 9-408 of the Uniform Commercial Code or other applicable law and, in any event, excluding the proceeds of any such Capital Stock or Stock Equivalents the
assignment of which is expressly deemed effective under the Uniform Commercial Code or other applicable law notwithstanding such prohibition, restriction, requirement or other limitation that do not themselves constitute Excluded Stock and Stock
Equivalents, (v) any Capital Stock or Stock Equivalents that are margin stock and (vi) any Capital Stock and Stock Equivalents of any Subsidiary that is not a Material Subsidiary or is an Unrestricted Subsidiary, a captive insurance
Subsidiary, an SPV, a not-for profit Subsidiary, a Receivables Subsidiary or a special purpose entity. 

“Excluded Subsidiary” shall mean subject, in the case of any Foreign Subsidiary, to the additional exclusions
contained in the Agreed Security Principles, (i) each Subsidiary, in each case, for so long as any such Subsidiary does not (on (x) a consolidated basis with its Restricted Subsidiaries, if determined on the Closing Date by reference to
the Historical Financial Statements or (y) a consolidated basis with its Restricted Subsidiaries, if determined after the Closing Date by reference to the financial statements delivered to the Administrative Agent pursuant to
Section 9.1(a) and (b)) constitute a Material Subsidiary, (ii) each Subsidiary that is not a Wholly-Owned Subsidiary on any date such Subsidiary would otherwise be required to become a Guarantor pursuant to the
requirements of Section 9.11 (for so long as such Subsidiary remains a non-Wholly-Owned Restricted Subsidiary), (iii) any CFC, Subsidiary of any CFC or CFC Holding Company,
(iv) each Foreign Subsidiary that is not organized (or incorporated) in a Specified Jurisdiction (other than pursuant to clause (ii) thereof), (v) each Subsidiary that is prohibited by any applicable Contractual Requirement or
Requirements of Law from guaranteeing (or granting Liens to secure) the Obligations at the time such Subsidiary becomes a Restricted Subsidiary (so long as, in the case of any such Contractual Requirement, such Contractual Requirement was not
entered into in contemplation of such Subsidiary becoming a Restricted Subsidiary) for so long as such restriction or any replacement or renewal thereof is in effect, (vi) each Subsidiary with respect to which, as reasonably determined by the
Borrower, the consequence of providing a Guarantee of the Obligations would adversely affect the ability of the Borrower and its Subsidiaries to satisfy applicable Requirements of Law, (vii) each Subsidiary with respect to which, as reasonably
determined by the Borrower, providing such a Guarantee would result in material adverse tax consequences, (viii) any other Subsidiary with respect to which, in the reasonable judgment of the Administrative Agent and the Borrower, as agreed in
writing, the cost or other consequences of providing a Guarantee of the Obligations shall be excessive in view of the benefits to be obtained by the Lenders therefrom, (ix) each Unrestricted Subsidiary, (x) each Receivables Subsidiary,
(xi) each other Subsidiary acquired pursuant to a Permitted Acquisition or other Investment permitted hereunder and financed with assumed secured Indebtedness permitted hereunder, and each Restricted Subsidiary acquired in such Permitted
Acquisition or other Investment permitted hereunder that guarantees such Indebtedness, in each case to the extent that, and for so long as, the documentation relating to such Indebtedness to which such Subsidiary is a party prohibits such Subsidiary
from guaranteeing the Obligations and such prohibition was not created in contemplation of such Permitted Acquisition or other Investment permitted hereunder and (xii) each SPV (including any captive insurance Subsidiary or not-for profit Subsidiary); provided that notwithstanding the forgoing, “Excluded Subsidiary” shall not include the Borrower or any Discretionary Guarantor for so long as such Discretionary
Guarantor constitutes a Discretionary Guarantor in accordance with this Agreement. 

  
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 “Excluded Swap Obligation” shall mean, with respect to any Swap Obligor,
(a) any Swap Obligation if, and to the extent that, all or a portion of the Obligations of such Swap Obligor of, or the grant by such Swap Obligor of a security interest to secure, such Swap Obligation (or any Obligations thereof) is or becomes
illegal or unlawful under the Commodity Exchange Act or any rule, regulation, or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) or (b) any other Swap Obligation designated as an
“Excluded Swap Obligation” of such Swap Obligor as specified in any agreement between the relevant Swap Obligors and Hedge Bank applicable to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than
one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such Obligation or security interest is or becomes illegal or unlawful. 

“Excluded Taxes” shall mean, with respect to the Administrative Agent, any Lender, or any other recipient of any payment to
be made by or on account of any obligation of any Credit Party hereunder or under any other Credit Document, (i) Taxes imposed on or measured by its overall net income, net profits, or branch profits (however denominated, and including (for the
avoidance of doubt) any backup withholding in respect thereof under Section 3406 of the Code or any similar provision of U.S. state or local, or non-U.S. law), and franchise (and similar) Taxes imposed on
it (in lieu of net income taxes), in each case by a jurisdiction (including any political subdivision thereof) as a result of such recipient being organized in, having its principal office in, or in the case of any Lender, having its applicable
lending office in, such jurisdiction, or as a result of any other present or former connection with such jurisdiction (other than any such connection arising solely from such recipient having executed, delivered, become a party to, performed its
obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Credit Document, or sold or assigned an interest in any Loan or Credit Document), (ii) any
United States federal withholding Tax imposed on any payment by or on account of any obligation of any Credit Party hereunder or under any Credit Document that is required to be imposed on amounts payable to or for the account of a Lender (or other
recipient) pursuant to laws in force at the time such Lender acquires an interest in any Credit Document (or designates a new lending office), other than in the case of a Lender that is an assignee pursuant to a request by the Borrower under
Section 13.7 (or that designates a new lending office pursuant to a request by the Borrower), except to the extent that such Lender (or its assignor, if any) was entitled, immediately prior to the designation of a new
lending office (or assignment), to receive additional amounts from the Credit Parties with respect to such withholding Tax pursuant to Section 5.4, (iii) any Taxes attributable to a recipient’s failure to comply with
Section 5.4(e), or (iv) any withholding Tax imposed under FATCA. 
 “Existing Debt Facility”
shall mean that certain Term Loan Credit Agreement, dated as of October 12, 2018, as amended from time to time through the Closing Date, by and among Holdings, the Borrower, the lenders from time to time party thereto, and Wilmington Trust,
National Association, as administrative agent. 
 “Existing Term Loan Class” shall have the meaning provided in
Section 2.14(g)(i). 
 “Extended Repayment Date” shall have the meaning provided in
Section 2.5(c). 
 “Extended Term Loan Repayment Amount” shall have the meaning provided in
Section 2.5(c). 
 “Extended Term Loans” shall have the meaning provided in
Section 2.14(g)(i). 

  
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 “Extending Lender” shall have the meaning provided in
Section 2.14(g)(iii). 
 “Extension Amendment” shall have the meaning provided in
Section 2.14(g)(iv). 
 “Extension Election” shall have the meaning provided in
Section 2.14(g)(iii). 
 “Extension Request” shall mean a Term Loan Extension Request. 

“Extension Series” shall mean all Extended Term Loans that are established pursuant to the same Extension Amendment (or any
subsequent Extension Amendment to the extent such Extension Amendment expressly provides that the Extended Term Loans provided for therein are intended to be a part of any previously established Extension Series) and that provide for the same
interest margins, extension fees, and amortization schedule. 
 “Fair Market Value” shall mean with respect to any asset or
group of assets on any date of determination, the value of the consideration obtainable in a sale of such asset at such date of determination assuming a sale by a willing seller to a willing purchaser dealing at arm’s length and arranged in an
orderly manner over a reasonable period of time having regard to the nature and characteristics of such asset, as reasonably determined in good faith by the Borrower (which determination shall be conclusive). 

“FATCA” shall mean Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor
version that is substantively comparable), any current or future regulations thereunder or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Code as of the date of this Agreement (or any amended
or successor version described above), and any intergovernmental agreements (or related legislation or official administrative rules or practices) implementing the foregoing. 

“Federal Funds Effective Rate” shall mean, for any day, the rate calculated by the NYFRB based on such day’s federal
funds transactions by depositary institutions, as determined in such manner as the NYFRB shall set forth on its public website from time to time, and published on the next succeeding Business Day by the NYFRB as the effective federal funds rate;
provided that if the Federal Funds Rate as so determined would be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement. 

“Fees” shall mean all amounts payable pursuant to, or referred to in, Section 4.1. 

“First Lien Intercreditor Agreement” shall mean an Intercreditor Agreement substantially in the form of Exhibit I-1 (with such changes to such form as may be reasonably acceptable to the Administrative Agent and the Borrower) among the Administrative Agent, the Collateral Agent, and the representatives for purposes
thereof for holders of one or more classes of First Lien Obligations. 
 “First Lien Obligations” shall mean the
Obligations and the Permitted Other Indebtedness Obligations that are secured by Liens on the Collateral that rank on an equal priority basis (but without regard to the control of remedies) with Liens on the Collateral securing the Obligations. 

“Fixed Amounts” shall have the meaning provided in Section 1.12(b). 

“Fixed Charge Coverage Ratio” shall mean, as of any date of determination, the ratio of (i) Consolidated EBITDA for the
Test Period most recently ended on or prior to such date of determination to (ii) the Fixed Charges for such Test Period. 

  
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 “Fixed Charges” shall mean, with respect to any Person for any period, the
sum of: 
 (i) Consolidated Interest Expense of such Person and its Restricted Subsidiaries on a consolidated basis for such
period, 
 (ii) all cash dividend payments (excluding items eliminated in consolidation) on any series of preferred stock
(including any Designated Preferred Stock) or any Refunding Capital Stock of such Person made during such period, and 

(iii) all cash dividend payments (excluding items eliminated in consolidation) on any series of Disqualified Stock made during
such period. 
 “Foreign Benefit Arrangement” shall mean any employee benefit arrangement mandated by non-U.S. law that is maintained or contributed to by any Credit Party or any of its Subsidiaries. 

“Foreign Credit Party” means any Credit Party organized in a jurisdiction outside of the United States. 

“Foreign Law” means the law of any jurisdiction other than the United States, any state thereof or the District of Columbia.

 “Foreign Plan” shall mean each “employee benefit plan” (within the meaning of Section 3(3) of
ERISA, whether or not subject to ERISA) that is not subject to U.S. law and is maintained or contributed to by any Credit Party or any of its Subsidiaries. 

“Foreign Plan Event” shall mean, with respect to any Foreign Plan or Foreign Benefit Arrangement, (i) the failure to
make or, if applicable, accrue in accordance with normal accounting practices, any employer or employee contributions required by applicable law or by the terms of such Foreign Plan or Foreign Benefit Arrangement; (ii) the failure to register
or loss of good standing (if applicable) with applicable regulatory authorities of any such Foreign Plan or Foreign Benefit Arrangement required to be registered; or (iii) the failure of any Foreign Plan or Foreign Benefit Arrangement to comply
with any provisions of applicable law or regulations or with the terms of such Foreign Plan or Foreign Benefit Arrangement. 

“Foreign Security Documents” means the Security Documents governed by the laws of a jurisdiction outside of the United
States. 
 “Foreign Subsidiary” shall mean each Subsidiary of the Borrower that is not a Domestic Subsidiary. 

“Forward-Looking Information” shall have the meaning provided in Section 8.8(a). 

“Fund” shall mean any Person (other than a natural Person) that is engaged or advises funds or other investment vehicles that
are engaged in making, purchasing, holding, or investing in commercial loans and similar extensions of credit in the ordinary course. 

“Funded Debt” shall mean all Indebtedness of the Borrower and the Restricted Subsidiaries for borrowed money that matures
more than one year from the date of its creation or matures within one year from such date that is renewable or extendable, at the option of the Borrower or any Restricted Subsidiary, to a date more than one year from the date of its creation or
arises under a revolving credit or similar agreement that obligates the lender or lenders to extend credit during a period of more than one year from such date (including all amounts of such Funded Debt required to be paid or prepaid within one year
from the date of its creation), and, in the case of the Credit Parties, Indebtedness in respect of the Loans. 

  
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 “GAAP” shall mean generally accepted accounting principles in the United
States, as in effect from time to time; provided, however, that if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the
Closing Date in GAAP or in the application thereof on the operation of such provision, regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the
basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. Furthermore, at any time after the Closing Date, the
Borrower may elect to apply International Financial Reporting Standards (“IFRS”) accounting principles in lieu of GAAP and, upon any such election, references herein to GAAP and GAAP concepts shall thereafter be construed to refer
to IFRS and corresponding IFRS concepts (except as otherwise provided in this Agreement); provided any such election, once made, shall be irrevocable; provided, further, that any calculation or determination in this Agreement that
requires the application of GAAP for periods that include fiscal quarters ended prior to the Borrower’s election to apply IFRS shall remain as previously calculated or determined in accordance with GAAP. Notwithstanding any other provision
contained herein, the amount of any Indebtedness under GAAP with respect to Capitalized Lease Obligations shall be determined in accordance with the definition of Capitalized Lease Obligations. 

“Governmental Authority” shall mean any nation, sovereign, or government, any state, province, territory, or other
political subdivision thereof, and any entity or authority exercising executive, legislative, judicial, taxing, regulatory, or administrative functions of or pertaining to government, including a central bank or stock exchange (including any
supranational body exercising such powers or functions, such as the European Union or the European Central Bank). 
 “Granting
Lender” shall have the meaning provided in Section 13.6(g). 
 “Guarantee” shall mean
(i) the Guarantee made by Holdings and each other Guarantor in favor of the Collateral Agent for the benefit of the Secured Parties, substantially in the form of Exhibit B, and (ii) any other guarantee of the Obligations made by a
Restricted Subsidiary in form and substance reasonably acceptable to the Administrative Agent. 
 “Guarantee and Collateral
Agreement” shall mean the Guarantee and Collateral Agreement entered into by Holdings, the Borrower, the other grantors party thereto and the Collateral Agent for the benefit of the Secured Parties, substantially in the form of
Exhibit B. 
 “guarantee obligations” shall mean, as to any Person, any obligation of such
Person guaranteeing or intended to guarantee any Indebtedness of any primary obligor in any manner, whether directly or indirectly, including any obligation of such Person, whether or not contingent, (i) to purchase any such Indebtedness or any
property constituting direct or indirect security therefor, (ii) to advance or supply funds (a) for the purchase or payment of any such Indebtedness or (b) to maintain working capital or equity capital of the primary obligor or
otherwise to maintain the net worth or solvency of the primary obligor, (iii) to purchase property, securities, or services primarily for the purpose of assuring the owner of any such Indebtedness of the ability of the primary obligor to make
payment of such Indebtedness, or (iv) otherwise to assure or hold harmless the owner of such Indebtedness against loss in respect thereof; provided, however, that the term guarantee obligations shall not include endorsements of
instruments for deposit or collection in the ordinary course of business or customary and reasonable indemnity obligations or product warranties in effect on the Closing Date or entered into in connection with any

  
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acquisition or disposition of assets permitted under this Agreement (other than such obligations with respect to Indebtedness). The amount of any guarantee obligation shall be deemed to be an
amount equal to the stated or determinable amount of the Indebtedness in respect of which such guarantee obligation is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof (assuming such Person is
required to perform thereunder) as determined by such Person in good faith. 
 “Guarantors” shall mean (i) each
Subsidiary of Holdings that is party to the Guarantee on the Closing Date, (ii) each Subsidiary of Holdings that becomes a party to the Guarantee after the Closing Date pursuant to Section 9.11(a) or
Section 9.17, including any Discretionary Guarantor, and (iii) Holdings; provided that in no event shall any Excluded Subsidiary be required to be a Guarantor (unless such Subsidiary is no longer an
Excluded Subsidiary). 
 “Hazardous Materials” shall mean (i) any petroleum or petroleum products, radioactive
materials, friable asbestos, polychlorinated biphenyls, and radon gas; (ii) any chemicals, materials, or substances defined as or included in the definition of “hazardous substances,” “hazardous waste,” “hazardous
materials,” “extremely hazardous waste,” “restricted hazardous waste,” “toxic substances,” “toxic pollutants,” “contaminants,” or “pollutants,” or words of similar import, under any
Environmental Law; and (iii) any other chemical, material, or substance, which is prohibited, limited, or regulated due to its dangerous or deleterious properties or characteristics, by any Environmental Law. 

“Hedge Agreements” shall mean (i) any and all rate swap transactions, basis swaps, credit derivative
transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward
bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or
any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (ii) 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. 

“Hedge Bank” shall mean (i) (a) any Person that, at the time it enters into a Hedge Agreement with the Borrower or
any Restricted Subsidiary, is a Lender, an Agent or an Affiliate of a Lender or an Agent and (b) with respect to any Hedge Agreement entered into prior to the Closing Date, any Person that is a Lender or an Agent or an Affiliate of a Lender or
an Agent on the Closing Date and (ii) any other Person that is designated by the Borrower as a “Hedge Bank” by written notice to the Administrative Agent substantially in the form of Exhibit L or such other
form reasonably acceptable to the Administrative Agent and the Borrower. 
 “Hedging Obligations” shall mean, with respect
to any Person, the obligations of such Person under any Hedge Agreements. 
 “Historical Financial Statements” shall
mean (a) the audited consolidated financial statements of the Borrower and its Subsidiaries for the fiscal year ended February 2, 2019 and (b) the unaudited consolidated financial statements of the Borrower and its Subsidiaries as of
and for the three and nine-month periods ended November 2, 2019 (in the case of this clause (b), subject to (x) normal year-end adjustments and (y) the absence of disclosures normally made in
footnotes). 

  
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 “Holdings” shall mean (i) Holdings (as defined in the preamble to this
Agreement) or (ii) after the Closing Date any other Person or Persons (“New Holdings”) that is a Subsidiary of Holdings or of any Parent Entity of Holdings (or the previous New Holdings, as the case may be) but not the Borrower
or any of its Subsidiaries (“Previous Holdings”); provided that (a) such New Holdings directly owns 100% of the Equity Interests of the Borrower, (b) New Holdings shall expressly assume all the obligations of
Previous Holdings under this Agreement and the other Credit Documents pursuant to a supplement hereto or thereto in form and substance reasonably satisfactory to the Administrative Agent and the Borrower, (c) if reasonably requested by the
Administrative Agent, an opinion of counsel shall be delivered by the Borrower to the Administrative Agent to the effect that, without limitation, such substitution does not violate this Agreement or any other Credit Document, (d) all Capital
Stock of the Borrower shall be pledged to secure the Obligations and (e) (i) no Event of Default has occurred and is continuing at the time of such substitution and such substitution does not result in any Event of Default and
(ii) such substitution does not result in any adverse tax consequences to any Lender, the Administrative Agent or the Collateral Agent (in each case, unless reimbursed hereunder on an after-tax basis);
provided, further, that if each of the foregoing is satisfied, Previous Holdings shall be automatically released of all its obligations under the Credit Documents and any reference to “Holdings” in the Credit Documents shall
be meant to refer to New Holdings. 
 “Holdings Intercompany Note” shall mean the Promissory Note dated as of
October 12, 2018 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time) issued by the Borrower in favor of Holdings. 

“IBA” shall have the meaning provided in Section 1.7. 

“IFRS” shall have the meaning given to such term in the definition of GAAP. 

“Impacted Loans” shall have the meaning provided in Section 2.10(a). 

“Increased Amount Date” shall mean, with respect to any New Term Loan Commitments, the date on which such New Term
Loan Commitments shall be effective. 
 “incur” shall have the meaning provided in Section 10.1.

 “incurrence” shall have the meaning provided in Section 10.1. 

“Incurrence Based Amounts” shall have the meaning provided in Section 1.12(b). 

“Indebtedness” shall mean, with respect to any Person, (i) any indebtedness (including principal and premium) of such
Person, whether or not contingent (a) in respect of borrowed money, (b) evidenced by bonds, notes, debentures, or similar instruments or letters of credit or bankers’ acceptances (or, without double counting, reimbursement agreements
in respect thereof), (c) representing the balance deferred and unpaid of the purchase price of any property (including Capitalized Lease Obligations), or (d) representing any Hedging Obligations, in each case, if and to the extent that any
of the foregoing Indebtedness (other than letters of credit and Hedging Obligations) would appear as a net liability upon a balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP (but excluding the effects of
any discounting of Indebtedness resulting from the application of purchase accounting in connection with any Permitted Acquisition or any similar Investment); provided that Indebtedness of any Parent Entity appearing upon the balance sheet of
the Borrower solely by reason of push down accounting under GAAP shall be excluded, (ii) to the extent not otherwise included, any obligation by such Person to be liable for, or to pay, as obligor, guarantor or otherwise, on the obligations of
the type referred to in clause (i) of another Person (whether or not such items would appear upon the 

  
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balance sheet of such obligor or guarantor), other than by endorsement of negotiable instruments for collection in the ordinary course of business, and (iii) to the extent not otherwise
included, the obligations of the type referred to in clause (i) of another Person secured by a Lien on any asset owned by such Person, whether or not such Indebtedness is assumed by such Person; provided that
notwithstanding the foregoing, Indebtedness shall be deemed not to include (1) Contingent Obligations incurred in the ordinary course of business, (2) obligations under or in respect of Receivables Facilities, (3) prepaid or deferred
revenue arising in the ordinary course of business, (4) purchase price holdbacks arising in the ordinary course of business in respect of a portion of the purchase price of an asset to satisfy warrants or other unperformed obligations of the
seller of such asset, (5) any balance that constitutes a trade payable or similar obligation to a trade creditor, accrued in the ordinary course of business, (6) any earn-out obligation until such
obligation, within 60 days of becoming due and payable, has not been paid and such obligation is reflected as a liability on the balance sheet of such Person in accordance with GAAP, (7) any obligations attributable to the exercise of
appraisal rights and the settlement of any claims or actions (whether actual, contingent or potential) with respect thereto, (8) accrued expenses and royalties or (9) asset retirement obligations and obligations in respect of workers’
compensation (including pensions and retiree medical care) that are not overdue by more than 60 days. The amount of Indebtedness of any Person for purposes of clause (iii) above shall (unless such Indebtedness has been
assumed by such Person) be deemed to be equal to the lesser of (x) the aggregate unpaid amount of such Indebtedness and (y) the Fair Market Value of the property encumbered thereby as determined by such Person in good faith. 

For all purposes hereof, the Indebtedness of the Borrower and the other Restricted Subsidiaries, shall exclude all intercompany Indebtedness
having a term not exceeding 365 days (inclusive of any roll-over or extensions of terms) and made in the ordinary course of business consistent with past practice. 

“Indemnified Liabilities” shall have the meaning provided in Section 13.5. 

“Indemnified Persons” shall have the meaning provided in Section 13.5. 

“Indemnified Taxes” shall mean all Taxes imposed on or with respect to any payment by or on account of any obligation of any
Credit Party hereunder or under any other Credit Document, other than Excluded Taxes or Other Taxes. 
 “Initial Lender”
shall mean each Lender identified on Schedule 1.1(a) as an Initial Term Loan Lender. 
 “Initial Term Loan” shall
mean the Loans made or deemed to have been made pursuant to Section 2.1 on the Closing Date. 
 “Initial
Term Loan Commitment” shall mean, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(a) as such Lender’s Initial Term Loan
Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $502,436,230.19. 
 “Initial Term
Loan Lender” shall mean a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan. 

“Initial Term Loan Maturity Date” shall mean December 18, 2026 or, if such date is not a Business Day, the immediately
preceding Business Day. 
 “Initial Term Loan Repayment Amount” shall have the meaning provided in
Section 2.5(b). 

  
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 “Initial Term Loan Repayment Date” shall have the meaning provided
in Section 2.5(b). 
 “Insolvent” shall mean, with respect to any Multiemployer Plan, the
condition that such Multiemployer Plan is “insolvent” within the meaning of Section 4245 of ERISA. 
 “Intellectual
Property” shall mean U.S. intellectual property rights, including all rights associated with the following: (i) (a) patents, inventions, processes, developments, technology, and know-how;
(b) copyrights and works of authorship in any media, including graphics, advertising materials, labels, package designs, and photographs; (c) trademarks, service marks, trade names, brand names, corporate names, Internet domain names,
logos, trade dress, and other source indicators, and the goodwill of any business symbolized thereby; and (d) trade secrets, confidential, proprietary, or non-public information and (ii) all
registrations, issuances, applications, renewals, extensions, substitutions, continuations, continuations-in-part, divisionals,
re-issues, re-examinations, or similar legal protections related to the foregoing. 

“Interest Period” shall mean, with respect to any Loan, the interest period applicable thereto, as determined pursuant
to Section 2.9. 
 “Investment” shall mean, with respect to any Person, all investments by such
Person in other Persons (including Affiliates) in the form of loans (including guarantees), advances, or capital contributions (excluding accounts receivable, trade credit, advances to customers, commission, travel, and similar advances to officers
and employees, in each case made in the ordinary course of business), purchases or other acquisitions for consideration of Indebtedness, Equity Interests, or other securities issued by any other Person and investments that are required by GAAP to be
classified on the consolidated balance sheet (excluding the footnotes) of the Borrower in the same manner as the other investments included in this definition to the extent such transactions involve the transfer of cash or other property;
provided that Investments shall not include, in the case of the Borrower and the other Restricted Subsidiaries, intercompany loans (including guarantees), advances, or Indebtedness having a term not exceeding 364 days (inclusive of any
roll-over or extensions of terms) and made in the ordinary course of business. 
 For purposes of the definition of Unrestricted Subsidiary
and Section 10.5, 
 (i) Investments shall include the portion (proportionate to the
Borrower’s equity interest in such Subsidiary) of the Fair Market Value of the net assets of a Subsidiary of the Borrower at the time that such Subsidiary is designated an Unrestricted Subsidiary; provided that upon a redesignation of
such Subsidiary as a Restricted Subsidiary, the Borrower shall be deemed to continue to have a permanent Investment in an Unrestricted Subsidiary in an amount (if positive) equal to (a) the Borrower’s Investment in such Subsidiary at the
time of such redesignation less (b) the portion (proportionate to the Borrower’s equity interest in such Subsidiary) of the Fair Market Value of the net assets of such Subsidiary at the time of such redesignation; and 

(ii) any property transferred to or from an Unrestricted Subsidiary shall be valued at its Fair Market Value at the time of
such transfer. 
 The amount of any Investment outstanding at any time shall be the original cost of such Investment, reduced by any
dividend, distribution, interest payment, return of capital, repayment, or other amount received by the Borrower or a Restricted Subsidiary in respect of such Investment (provided that, with respect to amounts received other than in the form
of Cash Equivalents, such amount shall be equal to the Fair Market Value of such consideration). 

  
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 “Investment Grade Rating” shall mean a rating equal to or higher than Baa3
(or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, or an equivalent rating by any other rating agency. 

“Investment Grade Securities” shall mean: 

(i) securities issued or directly and fully guaranteed or insured by the United States government or any agency or
instrumentality thereof (other than Cash Equivalents), 
 (ii) debt securities or debt instruments with an Investment Grade
Rating, but excluding any debt securities or instruments constituting loans or advances among the Borrower and its Subsidiaries, 

(iii) investments in any fund that invest at least 90% in investments of the type described in
clauses (i) and (ii) which fund may also hold immaterial amounts of cash pending investment or distribution, and 

(iv) corresponding instruments in countries other than the United States customarily utilized for high-quality investments.

 “Investors” shall mean (a) the Sponsor and (b) certain other investors, including members of management of the
Borrower, which own Qualified Stock directly or indirectly in Holdings arranged by and/or designated by the Sponsor and identified to the Administrative Agent prior to the Closing Date. 

“IPO” shall mean the initial underwritten public offering (other than a public offering pursuant to a registration statement
on Form S-8) of common Equity Interests in the Borrower or a Parent Entity of the Borrower. 

“IPO Entity” shall mean, at any time at and after an IPO, the Borrower or a Parent Entity of the Borrower, as the case may
be, the Equity Interests in which were issued or otherwise sold pursuant to the IPO. 
 “IPO Listco” shall mean a
wholly-owned subsidiary of the Borrower or a Parent Entity of the Borrower formed in contemplation of an IPO to become the IPO Entity. The Borrower shall, promptly following its formation, notify the Administrative Agent of the formation of any IPO
Listco. 
 “IPO Reorganization Transactions” shall mean, collectively, the transactions taken in connection with and
reasonably related to consummating an IPO, including (a) formation and ownership of IPO Shell Companies, (b) entry into, and performance of, (i) a reorganization agreement among any of the Borrower, its Subsidiaries and/or IPO Shell
Companies implementing IPO Reorganization Transactions and other reorganization transactions in connection with an IPO and (ii) customary underwriting agreements in connection with an IPO and any future
follow-on underwritten public offerings of common Equity Interests in the IPO Entity, including the provision by IPO Entity and the Borrower of customary representations, warranties, covenants and
indemnification to the underwriters thereunder, (c) the merger of one or more IPO Subsidiaries with one or more direct or indirect holders of Equity Interests in the Borrower with the surviving entity in any such merger holding Equity Interests
in the Borrower and the merger of such entities with any IPO Shell Company or IPO Subsidiary, (d) the issuance of Equity Interests of IPO Shell Companies to holders of Equity Interests of the Borrower in connection with any IPO Reorganization
Transactions, (e) the entry into an exchange agreement, pursuant to which holders of Equity Interests of the Borrower will be permitted to exchange such interests for certain economic/voting Equity Interests in IPO Listco and (f) the entry
into, and performance of, any tax receivables agreements by any IPO Shell Company or IPO Subsidiary, in each case of clauses (a) through (f), so long as after giving Pro Forma Effect to such agreement and the
transactions contemplated thereby, the security interests of the Collateral Agent in the Collateral and the Guarantees of the Obligations, taken as a whole, would not be materially impaired. 

  
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 “IPO Shell Company” shall mean each of IPO Listco and IPO Subsidiary. 

“IPO Subsidiary” shall mean a wholly-owned subsidiary of IPO Listco formed in contemplation of, and to facilitate, IPO
Reorganization Transactions and an IPO. The Borrower shall, promptly following its formation, notify the Administrative Agent of the formation of an IPO Subsidiary. 

“Joinder Agreement” shall mean an agreement substantially in the form of Exhibit A. 

“Judgment Currency” shall have the meaning provided in Section 13.19. 

“Junior Debt” shall mean any Indebtedness for borrowed money (other than any permitted intercompany Indebtedness owing
between and among the Borrower or any Restricted Subsidiary) that is Subordinated Indebtedness. 
 “Latest Term Loan Maturity
Date” shall mean, at any date of determination, the latest maturity or expiration date applicable to any Term Loan hereunder at such time, including the latest maturity or expiration date of any New Term Loan or any Extended Term Loan, in
each case as extended in accordance with this Agreement from time to time. 
 “LCT Election” shall have the meaning
provided in Section 1.12(c). 
 “LCT Test Date” shall have the meaning provided in
Section 1.12(c). 
 “Legal Reservations” shall mean: 

(a) the principle that certain remedies may be granted or refused at the discretion of the court, the limitation of enforcement
by laws relating to bankruptcy, insolvency, liquidation, reorganization, court schemes, moratoria administration, and other laws generally affecting the rights of creditors and secured creditors and general principles of equity; 

(b) solely with respect to a Foreign Credit Party, the time barring of claims under applicable limitation laws and defenses of
acquiescence, set off or counterclaim and the possibility that an undertaking to assume liability for or to indemnify a person against non-payment of stamp duty may be void; 

(c) solely with respect to a Foreign Credit Party, the principle that, in certain circumstances, security granted by way of
fixed charge may be recharacterized as a floating charge or that security purported to be constituted as an assignment may be recharacterized as a charge; 

(d) solely with respect to a Foreign Credit Party, the principle that additional interest imposed pursuant to any relevant
agreement may be held to be unenforceable on the grounds that it is a penalty and thus void; 
 (e) solely with respect to a
Foreign Credit Party, the principle that a court may not give effect to an indemnity for legal costs incurred by an unsuccessful litigant; 

  
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 (f) solely with respect to a Foreign Credit Party, the principle that the
creation or purported creation of security over any contract or agreement which is subject to a prohibition on transfer assignment or charging may be void, ineffective or invalid and may give rise to a breach of the contract or agreement over which
security has purportedly been created; 
 (g) solely with respect to a Foreign Credit Party, the principle that a court may
not give effect to any parallel debt provisions, covenants to pay the Administrative Agent and/or Collateral Agent or other similar provisions; 

(h) solely with respect to a Foreign Credit Party, similar principles rights and defenses under the laws of any relevant
jurisdiction; and 
 (i) solely with respect to a Foreign Credit Party, the principles of private and procedural laws of any relevant
jurisdiction which affect the enforcement of a foreign court judgment. 
 “Lender” shall have the meaning provided in the
preamble to this Agreement. 
 “Lender Default” shall mean (i) the refusal or failure of any Lender to make available
its portion of any incurrence of Loans, which refusal or failure is not cured within one Business Day after the date of such refusal or failure, unless such Lender notifies the Administrative Agent in writing that such refusal or failure is the
result of such Lender’s good faith determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in writing) has not been satisfied,
(ii) the failure of any Lender to pay over to the Administrative Agent or any other Lender any other amount required to be paid by it hereunder within one Business Day of the date when due, unless the subject of a good faith dispute,
(iii) a Lender has notified, in writing, the Borrower or the Administrative Agent that it does not intend to comply with its funding obligations under this Agreement or has made a public statement to that effect with respect to its funding
obligations under this Agreement, or a Lender has publicly announced that it does not intend to comply with its funding obligations under other loan agreements, credit agreements or similar facilities generally, (iv) a Lender has failed to
confirm in a manner reasonably satisfactory to the Administrative Agent that it will comply with its funding obligations under this Agreement, (v) a Distressed Person has admitted in writing that it is insolvent or such Distressed Person
becomes subject to a Lender-Related Distress Event or (vi) a Lender has become the subject of a Bail-In Action. 

“Lender Parties” shall have the meaning provided in Section 13.21. 

“Lender-Related Distress Event” shall mean, with respect to any Lender or any other Person that directly or indirectly
controls such Lender (each, a “Distressed Person”) a voluntary or involuntary case with respect to such Distressed Person under any debt relief law, or a custodian, conservator, receiver, or similar official is appointed for such
Distressed Person or any substantial part of such Distressed Person’s assets, or such Distressed Person, or any Person that directly or indirectly controls such Distressed Person or is subject to a forced liquidation or such Distressed Person
makes a general assignment for the benefit of creditors or is otherwise adjudicated as, or determined by any governmental authority having regulatory authority over such Distressed Person or its assets to be, insolvent or bankrupt, or becomes the
subject of a Bail-In Action; provided that a Lender-Related Distress Event shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any equity interests in any Lender or
any Person that directly or indirectly controls such Lender by a governmental authority or an instrumentality thereof. 

“LIBOR” shall have the meaning provided in the definition of LIBOR Rate. 

  
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 “LIBOR Loan” shall mean any Loan bearing interest at a rate
determined by reference to the Adjusted LIBOR Rate. 
 “LIBOR Rate” shall mean, with respect to any Credit Event and the
conversion or continuation of any Loan: 
 (i) the rate per annum equal to the London Interbank Offered Rate
(“LIBOR”) or a successor rate which rate is approved by the Administrative Agent or established pursuant to Section 2.10(f), as published on the applicable Bloomberg screen page (or such other commercially
available source providing such quotations as may be designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for Dollar deposits in (for
delivery on the first day of such Interest Period) with a term equivalent to such Interest Period; and 
 (ii) for any rate
calculation with respect to an ABR Loan on any date, the rate per annum equal to LIBOR, at or about 11:00 a.m., London time determined two Business Days prior to such date for Dollar deposits with a term of one month commencing that day; 

provided that to the extent a comparable successor rate is established pursuant to Section 2.10(f) or approved
by the Administrative Agent in connection with any rate set forth in this definition, the approved rate shall be applied in a manner consistent with market practice; provided, further that to the extent such market practice is not
administratively feasible for the Administrative Agent, such approved rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent; and if the LIBOR Rate shall be less than zero, such rate shall be deemed zero for
purposes of this Agreement. 
 “LIBOR Successor Rate” shall have the meaning provided in
Section 2.10(f). 
 “LIBOR Successor Rate Conforming Changes” shall mean, with respect to any
proposed LIBOR Successor Rate, any conforming changes to the definition of ABR, Interest Period or LIBOR Rate, timing and frequency of determining rates and making payments of interest and other administrative matters as may be appropriate, in the
discretion of the Administrative Agent in consultation with the Borrower, to reflect the adoption of such LIBOR Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market
practice (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate exists, in such other manner of
administration as the Administrative Agent determines is reasonably necessary in connection with the administration of this Agreement). 

“Lien” shall mean with respect to any asset, any mortgage, lien, pledge, hypothecation, charge, security interest,
preference, priority, or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement or any lease in the nature
thereof; provided that in no event shall an operating lease or a license, sub-license or cross-license to Intellectual Property be deemed to constitute a Lien.

 “Limited Condition Transaction” shall mean (a) the consummation of any acquisition or investment that the Borrower
or one or more of its Restricted Subsidiaries is contractually committed to consummate and whose consummation is not conditioned on the availability of, or on obtaining, third party financing, (b) any prepayment, repurchase or redemption of
Indebtedness requiring irrevocable notice in advance of such prepayment, repurchase or redemption and/or (c) any other Restricted Payment requiring declaration in advance thereof. 

  
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 “Loan” shall mean any Initial Term Loan, Extended Term Loan, New Term Loan,
Replacement Term Loan or any other loan made by any Lender pursuant to this Agreement. 
 “Master Agreement” shall have the
meaning provided in the definition of the term “Hedge Agreement.” 
 “Material Adverse Effect” shall mean a
circumstance or condition affecting the business, assets, operations, properties, or financial condition of the Borrower and its Subsidiaries, taken as a whole, that would, individually or in the aggregate, materially adversely affect (a) the
ability of Borrower and the other Credit Parties, taken as a whole, to perform their payment obligations under this Agreement or any of the other Credit Documents or (b) the rights and remedies of the Administrative Agent and the Lenders under
the Credit Documents. 
 “Material Subsidiary” shall mean, at any date of determination, each Restricted Subsidiary
(i) whose total assets at the last day of the Test Period ending on the last day of the most recent fiscal period for which Section 9.1 Financials have been delivered were equal to or greater than 5.0% of the
Consolidated Total Assets of the Borrower and the Restricted Subsidiaries at such date or (ii) whose revenues during such Test Period were equal to or greater than 5.0% of the consolidated revenues of the Borrower and the Restricted
Subsidiaries for such period, in each case determined in accordance with GAAP; provided that if, at any time and from time to time after the Closing Date, Restricted Subsidiaries that are not Material Subsidiaries (other than Subsidiaries
that are Excluded Subsidiaries by virtue of the definition of “Excluded Subsidiary” (other than clause (i) of such definition)) have, in the aggregate, (a) total assets at the last day of such Test Period equal to or
greater than 10.0% of the Consolidated Total Assets of the Borrower and the Restricted Subsidiaries at such date or (b) revenues during such Test Period equal to or greater than 10.0% of the consolidated revenues of the Borrower and the
Restricted Subsidiaries for such period, in each case determined in accordance with GAAP, then the Borrower shall, on the date on which financial statements for such quarter are delivered pursuant to this Agreement, designate in writing to the
Administrative Agent one or more of such Restricted Subsidiaries as Material Subsidiaries for each fiscal period until this proviso is no longer applicable. 

“Maturity Date” shall mean the Initial Term Loan Maturity Date, the New Term Loan Maturity Date or the maturity date
of an Extended Term Loan, as applicable. 
 “Maximum Incremental Facilities Amount” shall mean, at any date of
determination, the sum of (a) the maximum aggregate principal amount of Indebtedness (not less than $0) that can be incurred without causing (1) if such Indebtedness is secured by a Lien on an equal priority basis with the Liens on the
Collateral securing the Obligations, either (A) the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio, after giving effect to the incurrence of such Indebtedness and the use of proceeds thereof, on a Pro Forma Basis
(but without giving effect to any incurrence of Indebtedness made pursuant to the following clause (b)), shall not exceed 3.25:1.00 or (B) if such Indebtedness is incurred to consummate a Permitted Acquisition or other
Investment not prohibited hereunder, the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio after giving effect to the incurrence of such Indebtedness and the use of proceeds thereof on a Pro Forma Basis (but without giving effect to
any incurrence of Indebtedness made pursuant to the following clause (b)) shall either (I) not exceed 3.25:1:00 or (II) not exceed the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio immediately prior to such Permitted
Acquisition or other Investment, (2) if such Indebtedness is secured by a Lien on a junior priority basis with the Liens on the Collateral securing the Obligations, either (A) the Consolidated Senior Secured Debt to Consolidated EBITDA
Ratio, after giving effect to the incurrence of such Indebtedness and the use of proceeds thereof, on a Pro Forma Basis (but without giving effect to any incurrence of Indebtedness made pursuant to the following
clause (b)), shall not exceed 3.75:1.00 or (B) if such Indebtedness is incurred to consummate a Permitted Acquisition or other Investment not prohibited 

  
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hereunder, the Consolidated Senior Secured Debt to Consolidated EBITDA Ratio after giving effect to the incurrence of such Indebtedness and the use of proceeds thereof on a Pro Forma Basis (but
without giving effect to any incurrence of Indebtedness made pursuant to the following clause (b)) shall either (x) not exceed 3.75:1.00 or (y) not exceed the Consolidated Senior Secured Debt to Consolidated EBITDA Ratio immediately prior
to such Permitted Acquisition or other Investment and (3) if such Indebtedness is unsecured or secured by assets not constituting Collateral, either (A) either (I) the Consolidated Total Debt to Consolidated EBITDA Ratio, after giving
effect to the incurrence of such Indebtedness and the use of proceeds thereof, on a Pro Forma Basis (but without giving effect to any incurrence of Indebtedness made pursuant to the following clause (b)), shall not
exceed 4.25:1.00 or (II) if such Indebtedness is incurred to consummate a Permitted Acquisition or other Investment not prohibited hereunder, the Consolidated Total Debt to Consolidated EBITDA Ratio after giving effect to the incurrence of such
Indebtedness and the use of proceeds thereof on a Pro Forma Basis (but without giving effect to any incurrence of Indebtedness made pursuant to the following clause (b)) shall either (x) not exceed 4.25:1.00 or (y) not exceed the
Consolidated Total Debt to Consolidated EBITDA Ratio immediately prior to such Permitted Acquisition or other Investment or (B) either (I) the Fixed Charge Coverage Ratio after giving effect to the incurrence of such Indebtedness and the
use of proceeds thereof on a Pro Forma Basis (but without giving effect to any incurrence of Indebtedness made pursuant to the following clause (b)) shall not be less than 2.00:1.00 or (II) if such Indebtedness is
incurred to consummate a Permitted Acquisition or other Investment not prohibited hereunder, the Fixed Charge Coverage Ratio after giving effect to the incurrence of such Indebtedness and the use of proceeds thereof on a Pro Forma Basis (but without
giving effect to any incurrence of Indebtedness made pursuant to the following clause (b)) shall be either (x) greater than or equal to 2.00:1.00 or (y) greater than or equal to the Fixed Charge Coverage Ratio immediately prior to such
Permitted Acquisition or other Investment plus (b) the sum of (i) the greater of (x) $228,000,000 and (y) 100% of Consolidated EBITDA on a Pro Forma Basis for the most recently ended period of four fiscal quarters for
which financial statements are available prior to such date of determination (less the sum of the aggregate principal amount of Permitted Other Indebtedness issued or incurred (including any unused commitment obtained) pursuant to
Section 10.1(x)(i) hereof incurred in reliance on clause (b)(i) of the definition of “Maximum Incremental Facilities Amount” on or prior to such date) and (ii) the aggregate amount
of voluntary prepayments of Loans or Permitted Other Indebtedness or any other Indebtedness, in each case that is secured by Liens on a pari passu basis with, or senior to the Liens on the Collateral securing the Initial Term
Loans and, in each case, any Permitted Refinancing thereof (including purchases of the Loans or Permitted Other Indebtedness or any other Indebtedness, in each case, secured by Liens on a pari passu basis with, or senior to the
Liens on the Collateral securing the Initial Term Loans, by the Borrower and its Subsidiaries at or below par, in which case the amount of voluntary prepayments of Loans shall be deemed to be the actual face amount of the resulting reduction in
Indebtedness of such Loans or Permitted Other Indebtedness or any other Indebtedness, in each case, secured by Liens on a pari passu basis with, or senior to the Liens on the Collateral securing the Initial Term Loans and the
amount paid in cash in respect of any reduction in the outstanding amount of any loan resulting from the application of any “yank-a-bank” provisions) (and in
the case of any revolving loans, a corresponding commitment reduction), in each case, other than from proceeds of long-term Indebtedness (other than ABL Loans or other revolving indebtedness) (it being understood that (I) unless otherwise
elected by the Borrower, the Borrower shall be deemed to have used amounts under clause (a) (to the extent compliant therewith) prior to utilization of amounts under clause (b), (II) Indebtedness may be incurred
under both clauses (b) and (a) above, and proceeds from any such incurrence under both clauses (b) and (a) above, may be utilized in a single transaction by first calculating the incurrence under clause
(a) above and then calculating the incurrence under clause (b) above, (III) any Indebtedness originally designated as incurred under clause (b) shall be deemed to have been incurred under clause
(a) automatically at such time the Borrower would be permitted to incur under clause (a) (for purposes of clarity, with any such redesignation having the effect of increasing the Borrower’s ability to incur Indebtedness under
clause (b) as of the date of such redesignation by the amount of Indebtedness so redesignated), (IV) New Term Loans may be incurred 

  
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without giving effect to any ABL Loans proposed to be incurred substantially simultaneously or contemporaneously with such New Term Loans and (V) for purposes of this definition, the cash
proceeds of any New Term Loans and Permitted Other Indebtedness pursuant to Section 10.1(x)(i) (other than cash proceeds not applied promptly for the Specified Transaction in connection with such incurrence) shall be
excluded in calculating the amount of unrestricted cash and Cash Equivalents used in determining the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio, Consolidated Senior Secured Debt to Consolidated EBITDA Ratio or Consolidated
Total Debt to Consolidated EBITDA Ratio, as applicable). 
 “Minimum Borrowing Amount” shall mean (i) with
respect to a Borrowing of LIBOR Loans denominated in Dollars, $10,000,000 (or, if less, the entire remaining applicable Commitments at the time of such Borrowing) and (ii) with respect to a Borrowing of ABR Loans denominated in Dollars,
$1,000,000 (or, if less, the entire remaining applicable Commitments at the time of such Borrowing). 
 “Minimum Tender
Condition” shall have the meaning provided in Section 2.15(b). 
 “Moody’s” shall
mean Moody’s Investors Service, Inc. or any successor by merger or consolidation to its business. 
 “Multiemployer
Plan” shall mean a “multiemployer plan” as defined in Section 4001(a)(3) of ERISA to which any Credit Party or ERISA Affiliate makes or is obligated to make contributions, or during the five preceding calendar years, has made
or been obligated to make contributions. 
 “Net Cash Proceeds” shall mean, with respect to any Prepayment Event and
any incurrence of Permitted Other Indebtedness, (i) the gross cash proceeds (including payments from time to time in respect of installment obligations, if applicable, but only as and when received) received by or on behalf of the Borrower or
any of its Restricted Subsidiaries in respect of such Prepayment Event or incurrence of Permitted Other Indebtedness, as the case may be, less (ii) the sum of: 

(a) the amount, if any, of all taxes (including in connection with any repatriation of funds) paid or estimated to be payable
by the Borrower or any of its Restricted Subsidiaries in connection with such Prepayment Event or incurrence of Permitted Other Indebtedness, 

(b) the amount of any reasonable reserve established in accordance with GAAP against any liabilities (other than any taxes
deducted pursuant to clause (a) above) (1) associated with the assets that are the subject of such Prepayment Event and (2) retained by the Borrower or any of its Restricted Subsidiaries; provided that the
amount of any subsequent reduction of such reserve (other than in connection with a payment in respect of any such liability) shall be deemed to be Net Cash Proceeds of such a Prepayment Event occurring on the date of such reduction, 

(c) the amount of any Indebtedness (other than the Loans and Permitted Other Indebtedness secured on a
pari passu basis with, or junior to, the Loans) secured by a Lien on the assets that are the subject of such Prepayment Event to the extent that the instrument creating or evidencing such Indebtedness requires that such
Indebtedness be repaid upon consummation of such Prepayment Event, 
 (d) in the case of any Asset Sale Prepayment Event or
Casualty Event, the amount of any proceeds of such Prepayment Event that the Borrower or any Restricted Subsidiary has reinvested (or intends to reinvest within the Reinvestment Period or has entered into a binding commitment prior to the last day
of the Reinvestment Period to reinvest) in the business of the Borrower or any of the Restricted Subsidiaries; provided that any portion of such proceeds that 

  
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has not been so reinvested within such Reinvestment Period (with respect to such Prepayment Event, the “Deferred Net Cash Proceeds”) shall, unless the Borrower or a Restricted
Subsidiary has entered into a binding commitment prior to the last day of such Reinvestment Period to reinvest such proceeds no later than 180 days following the last day of such Reinvestment Period, (1) be deemed to be Net Cash Proceeds
of an Asset Sale Prepayment Event or Casualty Event, occurring on the last day of such Reinvestment Period or, if later, 180 days after the date the Borrower or such Restricted Subsidiary has entered into such binding commitment, as applicable
(such last day or 180th day, as applicable, the “Deferred Net Cash Proceeds Payment Date”), and (2) be applied to the repayment of Term Loans in accordance with Section 5.2(a)(i), 

(e) in the case of any Asset Sale Prepayment Event or Casualty Event, by a
non-Wholly-Owned Restricted Subsidiary, the pro rata portion of the Net Cash Proceeds thereof (calculated without regard to this clause (e)) attributable to non-controlling interests and not available for distribution to or for the account of the Borrower or a Wholly-Owned Restricted Subsidiary as a result thereof; 

(f) in the case of any Asset Sale Prepayment Event, any funded escrow established pursuant to the documents evidencing any such
sale or disposition to secure any indemnification obligations or adjustments to the purchase price associated with any such sale or disposition; provided that the amount of any subsequent reduction of such escrow (other than in connection
with a payment in respect of any such liability) shall be deemed to be Net Cash Proceeds of such a Prepayment Event occurring on the date of such reduction solely to the extent that the Borrower and/or any Restricted Subsidiaries receives cash in an
amount equal to the amount of such reduction; and 
 (g) all fees and out-of-pocket expenses paid by the Borrower or a Restricted Subsidiary in connection with any of the foregoing (for the avoidance of doubt, including, (1) in the case of the issuance of Permitted Other
Indebtedness, any fees, underwriting discounts, premiums, and other costs and expenses incurred in connection with such issuance and (2) attorney’s fees, investment banking fees, survey costs, title insurance premiums, and related search
and recording charges, transfer taxes, deed or mortgage recording taxes, underwriting discounts and commissions, other customary expenses, and brokerage, consultant, accountant, and other customary fees), 

in each case, only to the extent not already deducted in arriving at the amount referred to in clause (i) above. 

“Net Income” shall mean, with respect to any Person, the net income (loss) of such Person, determined in accordance with GAAP
and before any reduction in respect of preferred stock dividends. 
 “New Term Loan” shall have the meaning provided
in Section 2.14(c). 
 “New Term Loan Commitments” shall have the meaning provided in
Section 2.14(a). 
 “New Term Loan Lender” shall have the meaning provided in
Section 2.14(c). 
 “New Term Loan Maturity Date” shall mean the date on which a New Term
Loan matures. 
 “New Term Loan Repayment Amount” shall have the meaning provided in
Section 2.5(c). 
 “New Term Loan Repayment Date” shall have the meaning provided in
Section 2.5(c). 

  
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 “Non-Consenting Lender” shall have
the meaning provided in Section 13.7(b). 
 “Non-Defaulting
Lender” shall mean and include each Lender other than a Defaulting Lender. 

“Non-Extension Notice Date” shall have the meaning provided in
Section 3.2(d). 
 “Non-U.S. Lender” shall mean any
Lender that is not a “United States person” as defined by Section 7701(a)(30) of the Code. 
 “Note” shall
have the meaning provided in the recitals to this Agreement. 
 “Notice of Borrowing” shall have the meaning provided in
Section 2.3(a). 
 “Notice of Conversion or Continuation” shall have the meaning
provided in Section 2.6(a). 
 “NYFRB” means the Federal Reserve Bank of New York. 

“NYFRB Rate” means, for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and
(b) the Overnight Bank Funding Rate in effect on such day (or for any day that is not a Business Day, for the immediately preceding Business Day); provided that if none of such rates are published for any day that is a Business Day, the
term “NYFRB Rate” means the rate for a federal funds transaction quoted at 11:00 a.m. on such day received by the Administrative Agent from a federal funds broker of recognized standing selected by it; provided, further, that
if any of the aforesaid rates as so determined be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

“Obligations” shall mean all advances to, and debts, liabilities, obligations, covenants, and duties of, Holdings and
any other Credit Party (or in the case of any Secured Cash Management Agreement or Secured Hedge Agreement, any Restricted Subsidiary) arising under any Credit Document or otherwise with respect to any New Term Loan Commitment (if any) or Loan or
under any Secured Cash Management Agreement or Secured Hedge Agreement (other than with respect to Holdings or any other Credit Party’s obligations that constitute Excluded Swap Obligations solely with respect to Holdings or such other Credit
Party, as the case may be), in each case whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the
commencement by or against Holdings or any other Credit Party or any Affiliate thereof of any proceeding under any bankruptcy or insolvency law naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are
allowed claims in such proceeding. Without limiting the generality of the foregoing, the Obligations of Holdings and the other Credit Parties under the Credit Documents (and any of their Subsidiaries to the extent they have obligations under the
Credit Documents) include the obligation (including guarantee obligations) to pay principal, interest, charges, expenses, fees, attorney costs, indemnities, and other amounts payable by Holdings or any other Credit Party under any Credit Document.

 “Other Taxes” shall mean all present or future stamp, registration, court or documentary Taxes or any other excise,
property, intangible, mortgage recording, filing or similar Taxes arising from any payment made hereunder or under any other Credit Document or from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection
of a security interest under, or otherwise with respect to, this Agreement or any other Credit Document; provided that such term shall not include (i) any Taxes that result from an assignment (“Assignment Taxes”), to the
extent such Assignment Taxes are imposed as a result of a connection between the Lender and the taxing jurisdiction (other than a connection arising solely from any Credit Documents or any transactions contemplated hereunder or thereunder), except
to the extent that any such action described in this proviso is requested or required by the Borrower, or (ii) any Excluded Taxes. 

  
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 “Overnight Bank Funding Rate” shall mean, for any day, the rate
comprised of both overnight federal funds and overnight eurodollar borrowings by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth on its public website from time to time,
and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate. 
 “Parent Entity” shall
mean any Person that is a direct or indirect parent company (which may be organized as, among other things, a partnership) of Holdings and/or the Borrower, as applicable; provided that for purposes of clauses (i), (ii) and
(iv) of the definition of Change of Control, references to the Borrower shall be deemed to refer to any such Parent Entity. 

“Participant” shall have the meaning provided in Section 13.6(c)(i). 

“Participant Register” shall have the meaning provided in Section 13.6(c)(ii). 

“Participating Member State” shall mean any member state of the European Union that adopts or has adopted the Euro as its
lawful currency in accordance with legislation of the European Union relating to economic and monetary union. 
 “Patriot
Act” shall have the meaning provided in Section 13.18. 
 “PBGC” shall mean the Pension
Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing similar functions. 
 “Pension
Plan” shall mean any “employee pension benefit plan” (as defined in Section 3(2) of ERISA, but excluding any Multiemployer Plan) that is subject to Title IV of ERISA, Section 302 of ERISA or Section 412 of the
Code, in respect of which any Credit Party or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4062 or Section 4069 of ERISA, be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

 “Perfection Requirements” shall mean any and all registrations, notarizations, filings, endorsements, stampings,
notices, acceptances and other actions and steps required to be made in any relevant jurisdiction in order to perfect the Lien created or purported to be created pursuant to the Security Documents or in order to achieve the relevant priority for
such Lien. 
 “Permitted Acquisition” shall have the meaning provided in clause (iii) of the
definition of Permitted Investment. 
 “Permitted Asset Swap” shall mean the concurrent purchase and sale or exchange of
Related Business Assets or a combination of Related Business Assets and cash or Cash Equivalents between the Borrower or a Restricted Subsidiary and another Person; provided that any cash or Cash Equivalents received must be applied in
accordance with Section 10.4. 
 “Permitted Debt Exchange” shall have the meaning provided in
Section 2.15(a). 
 “Permitted Debt Exchange Notes” shall have the meaning provided in
Section 2.15(a). 
 “Permitted Debt Exchange Offer” shall have the meaning provided in
Section 2.15(a). 

  
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 “Permitted Holders” shall mean each of (i) the Investors and their
respective Affiliates (other than any portfolio company of an Investor) and members of management of the Borrower or any Subsidiary (or their respective direct or indirect parent or management investment vehicle) who are holders of Equity Interests
of the Borrower (or its direct or indirect parent company or management investment vehicle) and any group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act or any successor provision) of which any of the
foregoing are members; provided that, in the case of such group and without giving effect to the existence of such group or any other group, such Investors, their respective Affiliates (other than any portfolio company of an Investor) and
members of management, collectively, have beneficial ownership of more than 50% of the total voting power of the Voting Stock of the Borrower or any other direct or indirect Parent Entity, (ii) any direct or indirect Parent Entity formed not in
connection with, or in contemplation of, a transaction (other than the Transactions or IPO Reorganization Transactions) that, assuming such parent was not formed after giving effect thereto, would constitute a Change of Control and (iii) any
entity (other than a Parent Entity) through which a Parent Entity described in clause (ii) directly or indirectly holds Equity Interests of the Borrower and has no other material operations other than those incidental
thereto. 
 “Permitted Intercompany Activities” shall mean any transactions between or among the Borrower and its
Subsidiaries that are entered into in the ordinary course of business and, in the good faith judgment of the Borrower, are necessary or advisable in connection with the ownership or operation of the business of the Borrower and its Subsidiaries,
including (i) payroll, cash management, purchasing, insurance and hedging arrangements and (ii) management, technology and licensing arrangements. 

“Permitted Investments” shall mean: 

(i) any Investment in the Borrower or any Restricted Subsidiary; 

(ii) any Investment in cash, Cash Equivalents, or Investment Grade Securities at the time such Investment is made; 

(iii) (a) any transactions or Investments otherwise made in connection with the Transactions, (b) any Investment by the
Borrower or any Restricted Subsidiary in a Person that is engaged in a Similar Business if as a result of such Investment and (c) any acquisition of all or substantially all of the assets of a Person (or all or substantially all of a division,
product line or facility used for operations of the Borrower or any Subsidiary) (a “Permitted Acquisition”), provded that in the case of clause (b), (1) such Person becomes a Restricted Subsidiary or (2) such Person, in
one transaction or a series of related transactions, is merged, consolidated, or amalgamated with or into, or transfers or conveys substantially all of its assets to, or is liquidated into, the Borrower or a Restricted Subsidiary, and, in each case,
any Investment held by such Person; provided that such Investment was not acquired by such Person in contemplation of such acquisition, merger, consolidation, or transfer; 

(iv) any Investment in securities or other assets not constituting cash, Cash Equivalents, or Investment Grade Securities and
received in connection with an Asset Sale made pursuant to Section 10.4 or any other disposition of assets not constituting an Asset Sale; 

(v) (a) any Investment existing or contemplated on the Closing Date and, in each case, listed on
Schedule 10.5 and (b) Investments consisting of any modification, replacement, renewal, reinvestment, or extension of any such Investment; provided that the amount of any such Investment is not increased from
the amount of such Investment on the Closing Date except pursuant to the terms of such Investment (including in respect of any unused commitment), plus any accrued but unpaid interest (including any portion thereof which is payable in kind in
accordance with the terms of such modified, extended, renewed, or replaced Investment) and premium payable by the terms of such Indebtedness thereon and fees and expenses associated therewith as of the Closing Date; 

  
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 (vi) any Investment acquired by the Borrower or any Restricted Subsidiary
(a) in exchange for any other Investment or accounts receivable held by the Borrower or any such Restricted Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization, or recapitalization of such other Investment or
accounts receivable or (b) as a result of a foreclosure by the Borrower or any Restricted Subsidiary with respect to any secured Investment or other transfer of title with respect to any secured Investment in default; 

(vii) Hedging Obligations permitted under clause (j) of Section 10.1 and
Cash Management Services; 
 (viii) any Investment in a Similar Business having an aggregate Fair Market Value, taken
together with all other Investments made pursuant to this clause (viii) that are at that time outstanding, not to exceed the greater of (a) $76,000,000 and (b) 33.33% of Consolidated EBITDA for the most recently
ended Test Period (calculated on a Pro Forma Basis) at the time of such Investment (with the Fair Market Value of each Investment being measured at the time made and without giving effect to subsequent changes in value); provided,
however, that if any Investment pursuant to this clause (viii) is made in any Person that is not a Restricted Subsidiary at the date of the making of such Investment and such Person becomes a Restricted Subsidiary
after such date, such Investment shall thereafter be deemed to have been made pursuant to clause (i) above and shall cease to have been made pursuant to this clause (viii) for so long as such
Person continues to be a Restricted Subsidiary; 
 (ix) Investments the payment for which consists of Equity Interests of the
Borrower or any Parent Entity of the Borrower (exclusive of Disqualified Stock); provided that such Equity Interests will not increase the amount available for Restricted Payments under clause (iii) of
Section 10.5(a); 
 (x) guarantees of Indebtedness permitted under
Section 10.1 and Investments to the extent constituting Permitted Liens; 
 (xi) Permitted
Intercompany Activities and any transaction to the extent it constitutes an Investment that is permitted and made in accordance with the provisions of Section 9.9 (except transactions described in
clause (b) of such paragraph); 
 (xii) Investments consisting of purchases and acquisitions of
inventory, supplies, material, equipment, or other similar assets in the ordinary course of business; 
 (xiii) additional
Investments having an aggregate Fair Market Value, taken together with all other Investments made pursuant to this clause (xiii) that are at that time outstanding (without giving effect to the sale of an Unrestricted
Subsidiary to the extent the proceeds of such sale do not consist of cash or marketable securities), not to exceed the sum of (x) the greater of (a) $114,000,000 and (b) 50% of Consolidated EBITDA for the most recently ended Test
Period (calculated on a Pro Forma Basis) at the time of such Investment, (y) the Available Restricted Payments Amount and (z) the Available Restricted Debt Payments Amount (with the Fair Market Value of each Investment being measured
at the time made and without giving effect to subsequent changes in value); provided, however, that if any Investment pursuant to this clause (xiii) is made in any Person that is not a Restricted Subsidiary at
the date of the making of such Investment and such Person becomes a Restricted Subsidiary after such date, such Investment shall thereafter be deemed to have been made pursuant to clause (i) above and shall cease to have
been made pursuant to this clause (xiii) for so long as such Person continues to be a Restricted Subsidiary; 

  
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 (xiv) Investments relating to any Receivables Subsidiary that, in the good
faith determination of the board of directors (or analogous governing body) of the Borrower, are necessary or advisable to effect a Receivables Facility or any repurchases in connection therewith; 

(xv) advances to, or guarantees of Indebtedness of, employees not in excess of the greater of (a) $11,500,000 and
(b) 5% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) at the time of such Investment; 

(xvi) (a) loans and advances to officers, directors, managers, and employees for business-related travel expenses, moving
expenses, and other similar expenses, in each case, incurred in the ordinary course of business or consistent with past practices or to fund such Person’s purchase of Equity Interests of the Borrower or any Parent Entity of the Borrower and
(b) promissory notes received from stockholders of the Borrower, any Parent Entity of the Borrower or any Subsidiary in connection with the exercise of stock options in respect of the Equity Interests of the Borrower, any Parent Entity of the
Borrower and the Subsidiaries; 
 (xvii) Investments consisting of extensions of trade credit in the ordinary course of
business; 
 (xviii) Investments in the ordinary course of business consisting of Uniform Commercial Code Article 3
endorsements for collection or deposit and Uniform Commercial Code Article 4 customary trade arrangements with customers consistent with past practices; 

(xix) any Permitted Tax Restructuring; 

(xx) Investments made in the ordinary course of business in connection with obtaining, maintaining or renewing client,
franchisee, supplier and customer contracts and loans or advances made to, and guarantees with respect to obligations of, franchisees, distributors, suppliers, licensors and licensees in the ordinary course of business; 

(xxi) the licensing and contribution of Intellectual Property pursuant to joint marketing arrangements with other Persons, in
the ordinary course of business; 
 (xxii) advances of payroll payments to employees in the ordinary course of business; 

(xxiii) contributions to a “rabbi” trust for the benefit of employees, directors, consultants, independent
contractors or other service providers or other grantor trust subject to claims of creditors in the case of a bankruptcy of the Borrower or any Subsidiary or any Parent Entity of the Borrower; 

(xxiv) Investments by an Unrestricted Subsidiary entered into prior to the day such Unrestricted Subsidiary is redesignated as
a Restricted Subsidiary pursuant to the definition of “Unrestricted Subsidiary”; 

  
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 (xxv) Investments arising in respect of the provision of virtual account
numbers, credit cards, gift cards and other funds transfer liabilities (including electronic money, payment and money transmitter services) in the ordinary course of business; and 

(xxvi) other Investments; provided that after giving Pro Forma Effect to such Investments (x) the Consolidated
First Lien Secured Debt to Consolidated EBITDA Ratio is equal to or less than 3.25:1.00 and (y) no Event of Default under Section 11.1(a) or Section 11.1(e) shall have occurred and be
continuing or would occur as a consequence thereof. 
 “Permitted Liens” shall mean, with respect to any Person: 

(i) pledges or deposits by such Person under workmen’s compensation laws, unemployment insurance laws, or similar
legislation, or good faith deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness), or leases to which such Person is a party, or deposits to secure public or statutory obligations of such Person or deposits
of cash or government bonds to secure surety or appeal bonds to which such Person is a party, or deposits as security for the payment of rent or deposits made to secure obligations arising from contractual or warranty refunds, in each case, incurred
in the ordinary course of business; 
 (ii) Liens imposed by law, such as carriers’, warehousemen’s,
materialmen’s, repairmen’s, and mechanics’ Liens, in each case, (x) for sums not yet overdue for a period of more than 60 days or, if more than 60 days overdue, are unfiled and no other action has been taken to enforce
such Lien or that are being contested in good faith by appropriate proceedings or other Liens arising out of judgments or awards against such Person with respect to which such Person shall then be proceeding with an appeal or other proceedings for
review if adequate reserves with respect thereto are maintained on the books of such Person in accordance with GAAP, or (y) so long as such Liens do not individually or in the aggregate have a Material Adverse Effect; 

(iii) Liens for Taxes, assessments, or other governmental charges, in each case (x) not yet overdue for a period of more
than 60 days or which are being contested in good faith by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of such Person in accordance with GAAP or are not required to be paid
pursuant to Section 8.11, or for property Taxes on property of the Borrower or one of its Subsidiaries that such entity has determined to abandon if the sole recourse for such Tax, assessment, charge, levy, or claim is to
such property or (y) so long as such Liens do not individually or in the aggregate have a Material Adverse Effect; 

(iv) Liens in favor of issuers of performance, surety, bid, indemnity, warranty, release, appeal, or similar bonds or with
respect to other regulatory requirements or letters of credit or bankers’ acceptances issued, and completion guarantees provided for, in each case pursuant to the request of and for the account of such Person in the ordinary course of its
business; 
 (v) minor survey exceptions, minor encumbrances, ground leases, easements, or reservations of, or rights of
others for, licenses, rights-of-way, servitudes, sewers, electric lines, drains, telegraph and telephone and cable television lines, gas and oil pipelines, and other
similar purposes, or zoning, building codes, or other restrictions (including, without limitation, minor defects or irregularities in title and similar encumbrances) as to the use of real properties or Liens incidental to the conduct of the business
of such Person or to the ownership of its properties which were not incurred in connection with Indebtedness and which do not, in the aggregate, materially adversely affect the value of said properties or materially impair their use in the operation
of the business of such Person, taken as a whole; 

  
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 (vi) Liens securing Indebtedness permitted to be outstanding pursuant to
clause (a), (b) (so long as such Liens are subject to the ABL Intercreditor Agreement), (d), (l)(ii) (so long as such Liens are subject to (i) in the case of Liens securing Permitted Other
Indebtedness Obligations that constitute First Lien Obligations, a First Lien Intercreditor Agreement and the ABL Intercreditor Agreement; and (ii) in the case of Liens on the Collateral securing Permitted Other Indebtedness Obligations
that do not constitute First Lien Obligations, the Second Lien Intercreditor Agreement), (r), (w) (so long as such Liens are subject to (i) in the case of Liens securing Permitted Other Indebtedness Obligations that constitute First Lien
Obligations, a First Lien Intercreditor Agreement and the ABL Intercreditor Agreement; and (ii) in the case of Liens on the Collateral securing Permitted Other Indebtedness Obligations that do not constitute First Lien Obligations, the Second
Lien Intercreditor Agreement), (x) (so long as such Liens are subject to (i) in the case of Liens securing Permitted Other Indebtedness Obligations that constitute First Lien Obligations, a First Lien Intercreditor Agreement and the ABL
Intercreditor Agreement; and (ii) in the case of Liens on the Collateral securing Permitted Other Indebtedness Obligations that do not constitute First Lien Obligations, the Second Lien Intercreditor Agreement and the ABL Intercreditor
Agreement), (y) or (dd) of Section 10.1 or Indebtedness permitted pursuant to the first paragraph of Section 10.1 (so long as such Liens are subject to (i) in the case of Liens securing
Permitted Other Indebtedness Obligations that constitute First Lien Obligations, a First Lien Intercreditor Agreement and the ABL Intercreditor Agreement; and (ii) in the case of Liens on the Collateral securing Permitted Other Indebtedness
Obligations that do not constitute First Lien Obligations, the Second Lien Intercreditor Agreement); provided that, (a) in the case of clause (d) of Section 10.1, such Lien may not
extend to any property or equipment (or assets affixed or appurtenant thereto) other than the property or equipment being financed or refinanced under such clause (d) of Section 10.1, replacements
of such property, equipment or assets, and additions and accessions and in the case of multiple financings of equipment provided by any lender, other equipment financed by such lender and (b) in the case of clause (r)
of Section 10.1, such Lien may not extend to any assets other than the assets owned by Restricted Subsidiaries that are not Credit Parties; provided that without any further consent of the Lenders, the Administrative
Agent and the Collateral Agent shall be authorized to execute and deliver on behalf of the Secured Parties the ABL Intercreditor Agreement, the First Lien Intercreditor Agreement and the Second Lien Intercreditor Agreement contemplated by this
clause (vi); 
 (vii) subject to Section 9.14, Liens existing on the
Closing Date; provided that any Lien securing Indebtedness or other obligations in excess of (a) $5,000,000 individually or (b) $20,000,000 in the aggregate (when taken together with all other Liens securing obligations outstanding
in reliance on this clause (b) that are not listed on Schedule 10.2) shall only be permitted if set forth on Schedule 10.2, and, in each case, any modifications, replacements, renewals, refinancings, or extensions
thereof; 
 (viii) Liens on property or shares of stock of a Person at the time such Person becomes a Subsidiary;
provided such Liens are not created or incurred in connection with, or in contemplation of, such other Person becoming a Subsidiary; provided, further, however, that such Liens may not extend to any other property owned by the
Borrower or any Restricted Subsidiary (other than, with respect to such Person, any replacements of such property or assets and additions and accessions thereto, after-acquired property subject to a Lien securing Indebtedness and other obligations
incurred prior to such time and which Indebtedness and other obligations are permitted hereunder that require, pursuant to their terms at such time, a pledge of after- acquired property of such Person, and the proceeds and the products thereof and
customary security deposits in respect thereof and in the case of multiple financings of equipment provided by any lender, other equipment financed by such lender, it being understood that such requirement shall not be permitted to apply to any
property to which such requirement would not have applied but for such acquisition); 

  
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 (ix) Liens on property at the time the Borrower or a Restricted Subsidiary
acquired the property, including any acquisition by means of a merger or consolidation with or into the Borrower or any Restricted Subsidiary or the designation of an Unrestricted Subsidiary as a Restricted Subsidiary; provided that such
Liens are not created or incurred in connection with, or in contemplation of, such acquisition, merger, consolidation, or designation; provided, further, however, that such Liens may not extend to any other property owned by the
Borrower or any Restricted Subsidiary (other than, with respect to such property, any replacements of such property or assets and additions and accessions thereto, after-acquired property subject to a Lien securing Indebtedness and other obligations
incurred prior to such time and which Indebtedness and other obligations are permitted hereunder that require, pursuant to their terms at such time, a pledge of after-acquired property, and the proceeds and
the products thereof and customary security deposits in respect thereof and in the case of multiple financings of equipment provided by any lender, other equipment financed by such lender, it being understood that such requirement shall not be
permitted to apply to any property to which such requirement would not have applied but for such acquisition); 
 (x) Liens
securing Indebtedness or other obligations of the Borrower or a Restricted Subsidiary owing to the Borrower or another Restricted Subsidiary permitted to be incurred in accordance with Section 10.1; 

(xi) Liens securing Hedging Obligations and Cash Management Services so long as the related Indebtedness is, and is permitted
hereunder to be, secured by a Lien on the same property securing such Hedging Obligations and Cash Management Services; 

(xii) Liens on specific items of inventory or other goods and proceeds of any Person securing such Person’s obligations in
respect of bankers’ acceptances issued or created for the account of such Person to facilitate the purchase, shipment, or storage of such inventory or other goods; 

(xiii) leases, subleases, licenses, or sublicenses (including of Intellectual Property) granted to others in the ordinary
course of business; 
 (xiv) Liens arising from Uniform Commercial Code financing statement filings regarding operating
leases or consignments entered into by the Borrower or any Restricted Subsidiary in the ordinary course of business; 
 (xv)
Liens in favor of the Borrower or any other Guarantor; 
 (xvi) Liens on equipment of the Borrower or any Restricted
Subsidiary granted in the ordinary course of business to the Borrower or such Restricted Subsidiary’s client at which such equipment is located; 

(xvii) Liens on accounts receivable and related assets incurred in connection with a Receivables Facility; 

  
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 (xviii) Liens to secure any refinancing, refunding, extension, renewal, or
replacement (or successive refinancing, refunding, extensions, renewals, or replacements) as a whole, or in part, of any Indebtedness secured by any Lien referred to in clauses (vi), (vii), (viii),
(ix), (x), and (xv) of this definition of Permitted Liens; provided that (a) such new Lien shall be limited to all or part of the same property that secured the original Lien (plus improvements on such
property), and (b) the Indebtedness secured by such Lien at such time is not increased to any amount greater than the sum of (1) the outstanding principal amount or, if greater, the committed amount of the Indebtedness described under
clauses (vi), (vii), (viii), (ix), (x), and (xv) at the time the original Lien became a Permitted Lien under this Agreement, (2) an amount necessary to pay any fees and expenses,
including premiums and accrued and unpaid interest, related to such refinancing, refunding, extension, renewal, or replacement and (3) any amounts then permitted to be incurred as Indebtedness under Section 10.1; 

(xix) deposits made or other security provided to secure liabilities to insurance carriers under insurance or self-insurance
arrangements in the ordinary course of business; 
 (xx) other Liens securing obligations (including Capitalized Lease
Obligations) which do not exceed the greater of (a) $114,000,000 and (b) 50% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) at the time of the incurrence of such Lien; provided
that at the Borrower’s election, (i) in the case of Liens securing Permitted Other Indebtedness Obligations that constitute First Lien Obligations, the Collateral Agent, the Administrative Agent, the ABL Administrative Agent, the ABL
Collateral Agent and the representative for the holders of such Permitted Other Indebtedness Obligations shall have entered into a First Lien Intercreditor Agreement and the ABL Intercreditor Agreement ; and (ii) in the case of Liens securing
Permitted Other Indebtedness Obligations that do not constitute First Lien Obligations, the Collateral Agent, the Administrative Agent and the representative of the holders of such Permitted Other Indebtedness Obligations shall have entered into the
Second Lien Intercreditor Agreement; provided that without any further consent of the Lenders, the Administrative Agent and the Collateral Agent shall be authorized to execute and deliver on behalf of the Secured Parties the ABL Intercreditor
Agreement, the First Lien Intercreditor Agreement and the Second Lien Intercreditor Agreement contemplated by this clause (xx); 

(xxi) Liens securing judgments for the payment of money not constituting an Event of Default under
Section 11.1(e) or Section 11.1(j); 
 (xxii) Liens in favor of customs
and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods in the ordinary course of business; 

(xxiii) Liens (a) of a collection bank arising under Section 4-210 of the
Uniform Commercial Code or any comparable or successor provision on items in the course of collection, (b) attaching to commodity trading accounts or other commodity brokerage accounts incurred in the ordinary course of business, and
(c) in favor of banking or other financial institutions or other electronic payment service providers arising as a matter of law encumbering deposits (including the right of set-off) and which are within
the general parameters customary in the banking or finance industry; 
 (xxiv) Liens deemed to exist in connection with
Investments in repurchase agreements permitted under Section 10.1; provided that such Liens do not extend to any assets other than those that are the subject of such repurchase agreement; 

  
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 (xxv) Liens encumbering reasonable customary initial deposits and margin
deposits and similar Liens attaching to commodity trading accounts or other brokerage accounts incurred in the ordinary course of business and not for speculative purposes; 

(xxvi) Liens that are contractual rights of set-off (a) relating to the
establishment of depository relations with banks not given in connection with the issuance of Indebtedness, (b) relating to pooled deposits or sweep accounts of the Borrower or any of the Restricted Subsidiaries to permit satisfaction of
overdraft or similar obligations incurred in the ordinary course of business of the Borrower and the Restricted Subsidiaries, or (c) relating to purchase orders and other agreements entered into by the Borrower or any of the Restricted
Subsidiaries in the ordinary course of business; 
 (xxvii) Liens (a) solely on any cash earnest money deposits made by
the Borrower or any of the Restricted Subsidiaries in connection with any letter of intent or purchase agreement permitted under this Agreement or (b) consisting of an agreement to dispose of any property pursuant to a disposition permitted
hereunder; 
 (xxviii) rights reserved or vested in any Person by the terms of any lease, license, franchise, grant, or
permit held by the Borrower or any of the Restricted Subsidiaries or by a statutory provision, to terminate any such lease, license, franchise, grant, or permit, or to require annual or periodic payments as a condition to the continuance thereof;

 (xxix) restrictive covenants affecting the use to which real property may be put; provided that the covenants are
complied with; 
 (xxx) security given to a public utility or any municipality or governmental authority when required by
such utility or authority in connection with the operations of that Person in the ordinary course of business; 
 (xxxi)
zoning by-laws and other land use restrictions, including, without limitation, site plan agreements, development agreements, and contract zoning agreements; 

(xxxii) Liens arising out of conditional sale, title retention, consignment, or similar arrangements for sale of goods entered
into by the Borrower or any Restricted Subsidiary in the ordinary course of business; 
 (xxxiii) Liens arising under the
Security Documents; 
 (xxxiv) Liens on goods purchased in the ordinary course of business, the purchase price of which is
financed by a documentary letter of credit issued for the account of Holdings, the Borrower or any of its Subsidiaries; 

(xxxv) (a) Liens on Equity Interests in joint ventures; provided that any such Lien is in favor of a creditor of such
joint venture and such creditor is not an Affiliate of any partner to such joint venture and (b) purchase options, call, and similar rights of, and restrictions for the benefit of, a third party with respect to Equity Interests held by the
Borrower or any Restricted Subsidiary in joint ventures; 

  
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 (xxxvi) Liens on cash and Cash Equivalents that are earmarked to be used to
satisfy or discharge Indebtedness; provided (a) such cash and/or Cash Equivalents are deposited into an account from which payment is to be made, directly or indirectly, to the Person or Persons holding the Indebtedness that is to be
satisfied or discharged, (b) such Liens extend solely to the account in which such cash and/or Cash Equivalents are deposited and are solely in favor of the Person or Persons holding the Indebtedness (or any agent or trustee for such Person or
Persons) that is to be satisfied or discharged, and (c) the satisfaction or discharge of such Indebtedness is expressly permitted hereunder; 

(xxxvii) with respect to any Foreign Subsidiary, other Liens and privileges arising mandatorily by any Requirements of Law;

 (xxxviii) to the extent pursuant to a Requirements of Law, Liens on cash or Permitted Investments securing Hedge
Agreements in the ordinary course of business; 
 (xxxix) Liens securing Indebtedness permitted under
Section 10.1(aa); provided that without any further consent of the Lenders, the Administrative Agent and the Collateral Agent shall be authorized to execute and deliver on behalf of the Secured Parties, the ABL
Intercreditor Agreement, the Second Lien Intercreditor Agreement and the First Lien Intercreditor Agreement, as applicable, pursuant to this clause (xxxix); 

(xxxx) additional Liens of the Borrower or any of its Restricted Subsidiaries in an aggregate principal amount not to exceed
the Available Amount that is not otherwise applied pursuant to Section 10.1(aa) and Section 10.5(a)(iii) as in effect immediately prior to the incurrence of such Liens (and after giving Pro Forma
Effect thereto); 
 (xxxxi) Liens arising in respect of virtual account numbers, credit cards, gift cards and other funds
transfer liabilities (including electronic money, payment and money transmitter services) in the ordinary course of business; and 

(xxxxii) additional Liens of the Borrower or any of its Restricted Subsidiaries in an aggregate principal amount that does not
exceed the amount of Excluded Contributions made since the Closing Date that is not otherwise applied pursuant to Section 10.1(bb) and Section 10.5(b)(10) as in effect immediately prior to the
incurrence of such Liens (and after giving Pro Forma Effect thereto). 
 For purposes of this definition, the term
“Indebtedness” shall be deemed to include interest on, and fees, expenses and other obligations payable with respect to, such Indebtedness. 

“Permitted Other Indebtedness” shall mean Indebtedness consisting of one or more series of (x) secured or unsecured
bonds, notes or debentures (which bonds, notes or debentures, if secured by the Collateral, must be secured either by Liens pari passu with the Liens on the Collateral securing the First Lien Obligations (but without regard to
control of remedies) or by Liens having a junior priority relative to the Liens on the Collateral securing the First Lien Obligations), or (y) secured or unsecured loans (which loans, if secured by the Collateral, must be secured either by
Liens pari passu with the Liens on the Collateral securing the First Lien Obligations (but without regard to control of remedies) or by Liens having a junior priority relative to the Liens on the Collateral securing the First Lien
Obligations), in each case issued or incurred by the Borrower or a Guarantor, (a) the maturity date of such Indebtedness shall be no earlier than two (2) years after the Initial Term Loan Maturity Date and such Indebtedness shall not have
a shorter weighted average life to maturity than the existing Initial Term Loans; provided that this clause (a) shall not apply to (I) any customary bridge facility so long as the long-term debt into which any
such customary bridge facility is to be converted satisfies such clause (a) and (II) up to the greater of (x) $228,000,000 and (y) 100% of Consolidated EBITDA for the most recently ended Test Period (on a Pro Forma Basis) prior to such
date of determination of Permitted Other Indebtedness (as elected by the 

  
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Borrower), (b) if such Indebtedness is in the form of a broadly syndicated term loan facility of any of the Credit Parties that is denominated in Dollars, is secured by a Lien on the Collateral
that is pari passu with the Lien securing the Obligations and matures earlier than two years after the Initial Term Loan Maturity Date, the terms set forth in Section 2.14(d)(iii) (including limitations to the application
thereof) shall have been complied with as if such Indebtedness was considered a New Term Loan and (c) the other terms of which shall be on terms and documentation as determined by the Borrower and the lenders providing such Indebtedness. 

“Permitted Other Indebtedness Documents” shall mean any document or instrument (including any guarantee, security agreement,
or mortgage and which may include any or all of the Credit Documents) issued or executed and delivered with respect to any Permitted Other Indebtedness by any Credit Party. 

“Permitted Other Indebtedness Obligations” shall mean, if any Permitted Other Indebtedness is issued or incurred, all
advances to, and debts, liabilities, obligations, covenants, and duties of, any Credit Party arising under any Permitted Other Indebtedness Document, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or
to become due, now existing or hereafter arising, and including interest and fees that accrue after the commencement by or against any Credit Party or any Affiliate thereof of any proceeding under any bankruptcy or insolvency law naming such Person
as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. Without limiting the generality of the foregoing, the Permitted Other Indebtedness Obligations of the applicable Credit Parties
under the Permitted Other Indebtedness Documents (and any of their Restricted Subsidiaries to the extent they have obligations under the Permitted Other Indebtedness Documents) include the obligation (including guarantee obligations) to pay
principal, interest, charges, expenses, fees, attorney costs, indemnities, and other amounts payable by any such Credit Party under any Permitted Other Indebtedness Document. 

“Permitted Other Indebtedness Secured Parties” shall mean the holders from time to time of secured Permitted Other
Indebtedness Obligations (and any representative on their behalf). 
 “Permitted Refinancing” means, with respect to any
Indebtedness, the refinancing, refunding, renewal or extension of such Indebtedness; provided that (x) the principal amount of any such Indebtedness is not increased above the principal amount thereof outstanding immediately prior to
such refinancing, refunding, renewal or extension (except for any original issue discount thereon, the amount of fees, expenses, and premium and accrued and unpaid interest in connection with such refinancing, and any unused commitment), and
(y) such Indebtedness otherwise complies with the definition of Permitted Other Indebtedness. 
 “Permitted Repricing
Amendment” shall have the meaning provided in Section 13.1. 
 “Permitted Sale
Leaseback” shall mean any Sale Leaseback consummated by the Borrower or any of the Restricted Subsidiaries after the Closing Date; provided that any such Sale Leaseback not between the Borrower and a Restricted Subsidiary is
consummated for fair value as determined at the time of consummation in good faith by (i) the Borrower or such Restricted Subsidiary or (ii) in the case of any Sale Leaseback (or series of related Sale Leasebacks) the aggregate proceeds of
which exceed the greater of (a) $91,250,000 and (b) 40% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) at the time of the incurrence of such Sale Leaseback, the board of directors (or
analogous governing body) of the Borrower or such Restricted Subsidiary (which such determination may take into account any retained interest or other Investment of the Borrower or such Restricted Subsidiary in connection with, and any other
material economic terms of, such Sale Leaseback). 

  
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 “Permitted Tax Restructuring” shall mean any
re-organizations and/or other activities related to tax planning and tax re-organization (as determined by the Borrower in good faith) entered into after the date hereof
among Holdings and its Restricted Subsidiaries so long as such reorganization and/or other activities do not materially impair the security interests of the Collateral Agent in the Collateral, taken as a whole, and, after giving effect to such
Permitted Tax Restructuring, Holdings and its Restricted Subsidiaries otherwise comply with Sections 9.11, 9.12 and 9.14, to the extent applicable. 

“Person” shall mean any individual, partnership, joint venture, firm, corporation, limited liability company, association,
trust, or other enterprise or any Governmental Authority. 
 “Plan” shall mean, other than any Multiemployer Plan, any
employee benefit plan (as defined in Section 3(3) of ERISA), including any employee welfare benefit plan (as defined in Section 3(1) of ERISA), any employee pension benefit plan (as defined in Section 3(2) of ERISA), and any plan
which is both an employee welfare benefit plan and an employee pension benefit plan, and in respect of which any Credit Party or, with respect to any such plan that is subject to Title IV of ERISA, Section 302 of ERISA or Section 412
of the Code, any ERISA Affiliate is (or, if such plan were terminated, would under Section 4062 or Section 4069 of ERISA be reasonably likely to be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 

“Platform” shall have the meaning provided in Section 13.17(a). 

“Post-Acquisition Period” shall mean, with respect to any Permitted Acquisition, the period beginning on the date such
Permitted Acquisition is consummated and ending on the last day of the eighth full consecutive fiscal quarter immediately following the date on which such Permitted Acquisition is consummated. 

“Preferred Equity Exchange” shall mean the settlement of any Preferred Units tendered and accepted in the Preferred Equity
Exchange Offer. 
 “Preferred Equity Exchange Offer” shall mean the offer by Holdings to exchange Preferred Units for
Initial Term Loans pursuant to the Offer to Exchange Statement of Holdings, dated as of November 15, 2019, as the same may be amended from time to time. 

“Preferred Units” shall mean the Series A Participating Preferred Units of Holdings. 

“Prepayment Event” shall mean any Asset Sale Prepayment Event, Debt Incurrence Prepayment Event, or any Casualty Event. 

“primary obligor” shall have the meaning provided such term in the definition of Contingent Obligations. 

“Prime Rate” shall mean, for any day, the per annum rate of interest as quoted by The Wall Street Journal as the
“prime rate” in effect for such day. 
 “Pro Forma Adjustment” shall mean, for any Test
Period that includes all or any part of a fiscal quarter included in any Post-Acquisition Period, with respect to the Acquired EBITDA of the applicable Acquired Entity or Business or Converted Restricted Subsidiary or the Consolidated EBITDA of the
Borrower, the pro forma increase or decrease in such Acquired EBITDA or such Consolidated EBITDA, as the case may be, projected by the Borrower in good faith as a result of (i) actions taken during such Post-Acquisition Period for the
purposes of realizing reasonably identifiable and factually supportable cost savings or (ii) any additional costs incurred during such Post-Acquisition Period, in each case, in 

  
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connection with the combination of the operations of such Acquired Entity or Business or Converted Restricted Subsidiary with the operations of the Borrower and the Restricted Subsidiaries;
provided that (a) at the election of the Borrower, such Pro Forma Adjustment shall not be required to be determined for any Acquired Entity or Business or Converted Restricted Subsidiary to the extent the aggregate consideration
paid in connection with such acquisition was less than $10,000,000; and (b) so long as such actions are taken during such Post-Acquisition Period or such costs are incurred during such Post-Acquisition Period, as applicable, it may be assumed,
for purposes of projecting such pro forma increase or decrease to such Acquired EBITDA or such Consolidated EBITDA, as the case may be, that the applicable amount of such cost savings will be realizable during the entirety of such Test Period,
or the applicable amount of such additional costs, as applicable, will be incurred during the entirety of such Test Period; provided, further, that any such pro forma increase or decrease to such Acquired EBITDA or such
Consolidated EBITDA, as the case may be, shall be without duplication for cost savings or additional costs already included in such Acquired EBITDA or such Consolidated EBITDA, as the case may be, for such Test Period. 

“Pro Forma Basis,” “Pro Forma Compliance,” and
“Pro Forma Effect” shall mean, with respect to compliance with any test, financial ratio, or covenant hereunder, that (i) to the extent applicable, the Pro Forma Adjustment shall have been made
and (ii) all Specified Transactions and the following transactions in connection therewith shall be deemed to have occurred as of the first day of the applicable period of measurement in such test or covenant: (a) income statement items
(whether positive or negative) attributable to the property or Person subject to such Specified Transaction, (1) in the case of a sale, transfer, or other disposition of all or substantially all Capital Stock in any Subsidiary of the Borrower
or any division, product line, or facility used for operations of the Borrower or any of its Subsidiaries, shall be excluded, and (2) in the case of a Permitted Acquisition or other Investment, shall be included, (b) any retirement of
Indebtedness, and (c) any incurrence or assumption of Indebtedness by the Borrower or any of the Restricted Subsidiaries in connection therewith (it being agreed that if such Indebtedness has a floating or formula rate, such Indebtedness shall
have an implied rate of interest for the applicable period for purposes of this definition determined by utilizing the rate that is or would be in effect with respect to such Indebtedness as at the relevant date of determination); provided
that, without limiting the application of the Pro Forma Adjustment pursuant to clause (a) above, the foregoing pro forma adjustments may be applied to any such test or covenant solely to the extent that such
adjustments are consistent with the definition of Consolidated EBITDA and give effect to cost savings, operating expense reductions, operating enhancements, operating improvements, revenue enhancements and synergies that are (x)(1) directly
attributable to such transaction, (2) expected to have a continuing impact on the Borrower or any of the Restricted Subsidiaries and (3) factually supportable or (y) otherwise consistent with the definition of Pro Forma
Adjustment. 
 “Pro Forma Entity” shall have the meaning provided in the definition of the term Acquired
EBITDA. 
 “Process Agent” shall have the meaning provided in Section 13.13. 

“Prohibited Transaction” shall have the meaning assigned to such term in Section 406 of ERISA and Section 4975(c)
of the Code. 
 “PTE” shall mean a prohibited transaction class exemption issued by the U.S. Department of Labor, as any
such exemption may be amended from time to time. 

  
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 “Public Company Costs” shall mean costs relating to compliance with the
provisions of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, as applicable to companies with equity or debt securities held by the public, the rules of national securities exchange companies with listed
equity or debt securities, directors’ or managers’ compensation, fees and expense reimbursement, costs relating to investor relations, shareholder meetings and reports to shareholders or debtholders, directors’ and officers’
insurance and other executive costs, legal and other professional fees, and listing fees. 
 “QFC” shall have the meaning
assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. § 5390(c)(8)(D). 

“QFC Credit Support” shall have the meaning provided in Section 13.24. 

“Qualified Proceeds” shall mean assets that are used or useful in, or Capital Stock of any Person engaged in, a Similar
Business. 
 “Qualified Stock” of any Person shall mean Capital Stock of such Person other than Disqualified Stock of such
Person. 
 “Real Estate” shall have the meaning provided in Section 9.1(f). 

“Receivables Facility” shall mean any of one or more receivables financing facilities (and any guarantee of such financing
facility), as amended, supplemented, modified, extended, renewed, restated, or refunded from time to time, the obligations of which are non-recourse (except for customary representations, warranties,
covenants, and indemnities made in connection with such facilities) to the Borrower and the Restricted Subsidiaries (other than a Receivables Subsidiary) pursuant to which the Borrower or any Restricted Subsidiary sells, directly or indirectly,
grants a security interest in or otherwise transfers its accounts receivable to either (i) a Person that is not the Borrower or a Restricted Subsidiary or (ii) a Receivables Subsidiary that in turn funds such purchase by purporting to sell
its accounts receivable to a Person that is not the Borrower or a Restricted Subsidiary or by borrowing from such a Person or from another Receivables Subsidiary that in turn funds itself by borrowing from such a Person. 

“Receivables Fee” shall mean distributions or payments made directly or by means of discounts with respect to any accounts
receivable or participation interest issued or sold in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Receivables Facility. 

“Receivables Subsidiary” shall mean any Subsidiary formed for the purpose of facilitating or entering into one or more
Receivables Facilities, and in each case engages only in activities reasonably related or incidental thereto or another Person formed for the purposes of engaging in a Receivables Facility in which the Borrower or any Subsidiary makes an Investment
and to which the Borrower or any Subsidiary transfers accounts receivables and related assets. 
 “refinance” shall have
the meaning provided in Section 10.1(m). 
 “Refinanced Term Loans” shall have the meaning
provided in Section 13.1. 
 “Refinancing Indebtedness” shall have the meaning provided in
Section 10.1(m). 
 “Refunding Capital Stock” shall have the meaning provided in
Section 10.5(b)(2). 
 “Register” shall have the meaning provided in
Section 13.6(b)(iv). 

  
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 “Regulated Bank” shall mean an Approved Bank that is (i) a U.S.
depository institution the deposits of which are insured by the Federal Deposit Insurance Corporation; (ii) a corporation organized under section 25A of the U.S. Federal Reserve Act of 1913; (iii) a branch, agency or commercial lending company
of a foreign bank operating pursuant to approval by and under the supervision of the Board under 12 CFR part 211; (iv) a non-U.S. branch of a foreign bank managed and controlled by a U.S. branch referred to in
clause (iii); or (v) any other U.S. or non-U.S. depository institution or any branch, agency or similar office thereof supervised by a bank regulatory authority in any jurisdiction. 

“Regulation D” shall mean Regulation D of the Board as from time to time in effect and any successor to all or a
portion thereof establishing margin requirements. 
 “Regulation T” shall mean Regulation T of the Board as from
time to time in effect and any successor to all or a portion thereof establishing margin requirements. 
 “Regulation U”
shall mean Regulation U of the Board as from time to time in effect and any successor to all or a portion thereof establishing margin requirements. 

“Regulation X” shall mean Regulation X of the Board as from time to time in effect and any successor to all or a
portion thereof establishing margin requirements. 
 “Reinvestment Period” shall mean 450 days following the
date of receipt of Net Cash Proceeds of an Asset Sale Prepayment Event or Casualty Event. 
 “Rejection Notice” shall have
the meaning provided in Section 5.2(f). 
 “Related Business Assets” shall mean assets (other
than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Borrower or the Restricted Subsidiaries in exchange for assets transferred by the Borrower or a Restricted Subsidiary shall not be
deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary. 

“Related Fund” shall mean, with respect to any Lender that is a Fund, any other Fund that is advised or managed by
(a) such Lender, (b) an Affiliate of such Lender or (c) an entity or an Affiliate of such entity that administers, advises or manages such Lender. 

“Related Indemnified Persons” shall mean, with respect to any specified Person, such Person’s Affiliates and their
respective directors, officers, employees, agents, advisors, controlling persons and other representatives and the permitted successors and assigns of each of the foregoing. 

“Related Parties” shall mean, with respect to any specified Person, such Person’s Affiliates and the directors,
officers, employees, agents and members of such Person and any Person that possesses, directly or indirectly, the power to direct or cause the direction of the management or policies of such Person, whether through the ability to exercise voting
power, by contract or otherwise. 
 “Release” shall mean any release, spill, emission, discharge, disposal, escaping,
leaking, pumping, pouring, dumping, emptying, injection, or leaching into or through the environment. 
 “Removal Effective
Date” shall have the meaning provided in Section 12.9(b). 

  
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 “Repayment Amount” shall mean the Initial Term Loan Repayment
Amount, a New Term Loan Repayment Amount with respect to any Series, or an Extended Term Loan Repayment Amount with respect to any Extension Series, as applicable. 

“Replacement Term Loan Commitment” shall mean the commitments of the Lenders to make Replacement Term Loans. 

“Replacement Term Loans” shall have the meaning provided in Section 13.1. 

“Reportable Event” shall mean any “reportable event”, as defined in Section 4043(c) of ERISA or the
regulations issued thereunder, with respect to a Pension Plan (other than a Pension Plan maintained by an ERISA Affiliate that is considered an ERISA Affiliate only pursuant to subsection (m) or (o) of Section 414 of the Code), other
than those events as to which notice is waived pursuant to PBGC Reg. § 4043. 
 “Repricing Transaction”
shall mean (i) the incurrence by the Borrower of any Indebtedness in the form of a similar secured term B loan that is broadly marketed or syndicated to banks and other institutional investors (a) having an Effective Yield for the
respective Type of such Indebtedness that is less than the Effective Yield for the Initial Term Loans of the respective equivalent Type, but excluding Indebtedness incurred in connection with an IPO, Change of Control, Transformative Acquisition or
Transformative Disposition and (b) the proceeds of which are used to prepay (or, in the case of a conversion, deemed to prepay or replace), in whole or in part, outstanding principal of Initial Term Loans or (ii) any effective reduction in
the Effective Yield for the Initial Term Loans (e.g., by way of amendment, waiver or otherwise), except for a reduction in connection with an IPO, Change of Control, Transformative Acquisition or Transformative Disposition. Any determination by the
Administrative Agent with respect to whether a Repricing Transaction shall have occurred shall be conclusive and binding on all Lenders holding the Initial Term Loans. 

“Required Lenders” shall mean, at any date, Non-Defaulting Lenders having or
holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date. 

“Requirements of Law” shall mean, as to any Person, any law, treaty, rule or regulation or determination of an arbitrator or
a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or assets or to which such Person or any of its property or assets is subject. 

“Resignation Effective Date” shall have the meaning provided in Section 12.9(a). 

“Restricted Debt Payments” shall have the meaning provided in Section 10.5(a)(3). 

“Restricted Investment” shall mean an Investment other than a Permitted Investment. 

“Restricted Payments” shall have the meaning provided in Section 10.5(a). 

“Restricted Person” shall have the meaning provided in Section 13.16. 

“Restricted Subsidiary” shall mean any Subsidiary of the Borrower other than an Unrestricted Subsidiary. 

  
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 “Retained Asset Sale Proceeds” shall have the meaning provided in
Section 10.4. 
 “Retained Declined Proceeds” shall have the meaning provided in
Section 5.2(f). 
 “Retired Capital Stock” shall have the meaning provided in
Section 10.5(b)(2). 
 “S&P” shall mean Standard & Poor’s Ratings Services or
any successor by merger or consolidation to its business. 
 “Sale Leaseback” shall mean any arrangement with any Person
providing for the leasing by the Borrower or any Restricted Subsidiary of any real or tangible personal property, which property has been or is to be sold or transferred by the Borrower or such Restricted Subsidiary to such Person in contemplation
of such leasing. 
 “Sanctioned Country” shall mean a country or territory which is the target of any comprehensive
Sanctions (as of the date hereof, the Crimea region of Ukraine, Cuba, Iran, North Korea and Syria). 
 “Sanctioned Person”
shall mean (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”), the U.S. Department of State, or by the
United Nations Security Council, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned by any such Person or Persons. 

“Sanctions” shall mean any economic sanctions imposed, administered or enforced by (a) the U.S. government,
including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State or (b) the United Nations Security Council. 

“SEC” shall mean the Securities and Exchange Commission or any successor thereto. 

“Second Lien Intercreditor Agreement” shall mean an Intercreditor Agreement substantially in the form of Exhibit I-2 (with such changes to such form as may be reasonably acceptable to the Administrative Agent and the Borrower). 

“Section 2.14 Additional Amendment” shall have the meaning provided in
Section 2.14(g)(iv). 
 “Section 9.1 Financials” shall mean the
financial statements delivered, or required to be delivered, pursuant to Section 9.1(a) or (b) together with the accompanying officer’s certificate delivered, or required to be delivered, pursuant to
Section 9.1(d). 
 “Secured Cash Management Agreement” shall mean any Cash Management Agreement
that is entered into by and between Holdings or any of the Restricted Subsidiaries and any Cash Management Bank, which is specified in writing by the Borrower to the Administrative Agent as constituting a Secured Cash Management Agreement hereunder.

 “Secured Cash Management Obligations” shall mean Obligations under Secured Cash Management Agreements. 

  
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 “Secured Hedge Agreement” shall mean any Hedge Agreement that is entered
into by and between the Borrower or any Restricted Subsidiary and any Hedge Bank, which is specified in writing by the Borrower to the Administrative Agent as constituting a Secured Hedge Agreement hereunder. For purposes of the preceding sentence,
the Borrower may deliver one notice designating all Hedge Agreements entered into pursuant to a specified Master Agreement as “Secured Hedge Agreements”. Notwithstanding anything to the contrary, a Hedge Agreement with a Restricted
Subsidiary shall remain a Secured Hedge Agreement notwithstanding that such Restricted Subsidiary is subsequently designated an Unrestricted Subsidiary, unless otherwise agreed between such Restricted Subsidiary and Hedge Bank. 

“Secured Hedge Obligations” shall mean Obligations under Secured Hedge Agreements. 

“Secured Parties” shall mean the Administrative Agent, the Collateral Agent and each Lender, in each case, with respect to
the Credit Facility, each Hedge Bank that is party to any Secured Hedge Agreement with the Borrower or any Restricted Subsidiary, each Cash Management Bank that is party to a Secured Cash Management Agreement with Holdings or any Restricted
Subsidiary and each sub-agent pursuant to Section 12 appointed by the Administrative Agent with respect to matters relating to the Credit Facility or the Collateral Agent with respect
to matters relating to any Security Document. 
 “Security Documents” shall mean, collectively, the Guarantee and
Collateral Agreement, the ABL Intercreditor Agreement, the First Lien Intercreditor Agreement, the Second Lien Intercreditor Agreement, if executed, and each other security agreement or other instrument or document listed on Schedule 1.1(c)
or executed and delivered pursuant to Sections 9.11, 9.12, 9.14 or 9.17 or pursuant to any other such Security Documents to secure the Obligations or to govern the lien priorities of the holders of
Liens on the Collateral. 
 “Series” shall have the meaning provided in Section 2.14(a). 

“Significant Subsidiary” shall mean, at any date of determination, (a) any Restricted Subsidiary whose gross revenues
(when combined with the gross revenues of such Restricted Subsidiary’s Subsidiaries after eliminating intercompany obligations) for the Test Period most recently ended on or prior to such date were equal to or greater than 10% of the
consolidated gross revenues of the Borrower and the Restricted Subsidiaries for such period, determined in accordance with GAAP or (b) each other Restricted Subsidiary that, when such Restricted Subsidiary’s total gross revenues (when
combined with the total gross revenues of such Restricted Subsidiary’s Subsidiaries after eliminating intercompany obligations) are aggregated with each other Restricted Subsidiary (when combined with the total gross revenues of such Restricted
Subsidiary’s Subsidiaries after eliminating intercompany obligations) that is the subject of an Event of Default described in Section 11.1(e) would constitute a “Significant Subsidiary” under
clause (a) above. 
 “Similar Business” shall mean any business conducted or proposed to be
conducted by the Borrower and the Restricted Subsidiaries on the Closing Date or any business that is similar, reasonably related, synergistic, incidental, or ancillary thereto. 

“Sold Entity or Business” shall have the meaning provided in the definition of the term Consolidated EBITDA. 

“Solvent” shall mean, after giving effect to the consummation of the Transactions, (i) the sum of the liabilities
(including contingent liabilities) of the Borrower and its Restricted Subsidiaries, on a consolidated basis, does not exceed the fair value of the present assets of the Borrower and its Restricted Subsidiaries, on a consolidated basis; (ii) the
fair saleable value of the present assets of the Borrower and its Restricted Subsidiaries, on a consolidated basis, is not less than the amount that will be required to pay the probable liabilities (including contingent liabilities) of the Borrower
and its Restricted Subsidiaries, on a consolidated basis, on their debts as they become absolute and matured; (iii) the capital of the 

  
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Borrower and its Restricted Subsidiaries, on a consolidated basis, is not unreasonably small in relation to their business as contemplated on the date hereof; and (iv) the Borrower and its
Restricted Subsidiaries, on a consolidated basis, have not incurred and do not intend to incur, or believe that they will incur, debts (including current obligations and contingent liabilities) beyond their ability to pay such debts as they become
due (whether at maturity or otherwise). For the purposes hereof, the amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances existing at such time, represents the amount
that can reasonably be expected to become an actual or matured liability. 
 “Specified Jurisdiction” shall mean
(i) any Designated Jurisdiction, (ii) any jurisdiction in which any Discretionary Guarantor is organized (or incorporated) and (iii) to the extent the Borrower or any Guarantor (or any Person that would otherwise be required to become
a Guarantor) is reorganized or formed in a new jurisdiction in connection with a Permitted Tax Restructuring, such jurisdiction of organization unless such Person would otherwise constitute an Excluded Subsidiary (other than by virtue of clause
(iii) of the definition of “Excluded Subsidiary”). 
 “Specified Transaction” shall mean, with
respect to any period, any Investment (including a Permitted Acquisition), asset sale, incurrence or repayment of Indebtedness, Restricted Payment, Subsidiary designation, New Term Loan, or other event or action that in each case by the terms of
this Agreement requires Pro Forma Compliance with a test or covenant hereunder or requires such test or covenant to be calculated on a Pro Forma Basis. 

“Sponsor” shall mean (i) Elliott Management Corporation and its Affiliates and funds managed or advised by it or its
Affiliates and (ii) Monarch Alternative Capital LP and its Affiliates and funds managed or advised by it or its Affiliates, in each case excluding portfolio companies of any of the foregoing. 

“Sponsor Model” shall mean the Sponsor’s financial model, delivered on or prior to the Closing Date, used in connection
with the syndication of the Credit Facility. 
 “Spot Rate” for any currency shall mean, on any day, the rate at which such
currency may be exchanged into Dollars, as set forth at approximately 12:00 noon, London time, on such date on the Reuters World Currency Page for such currency. In the event that such rate does not appear on the applicable Reuters World Currency
Page, the Spot Rate shall be calculated by reference to such other publicly available service for displaying exchange rates as may be agreed upon by the Administrative Agent and the Borrower, or, in the absence of such agreement, such Spot Rate
shall instead be the arithmetic average of the spot rates of exchange of the Administrative Agent, at or about 11:00 a.m., London time, on such date for the purchase of Dollars for delivery two Business Days later; provided that if, at the
time of any such determination, for any reason, no such spot rate is being quoted, the Administrative Agent, after consultation with the Borrower, may use any reasonable method it deems appropriate to determine such rate, and such determination
shall be conclusive absent manifest error. 
 “SPV” shall have the meaning provided in
Section 13.6(g). 
 “Statutory Reserves” shall mean a fraction (expressed as a decimal), the
numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) established by the Board and any other
banking authority, domestic or foreign, to which the Administrative Agent or any Lender (including any branch, Affiliate or other fronting office making or holding a Loan) is subject to Eurocurrency Liabilities (as defined in Regulation D). LIBOR
Rate Loans shall be deemed to constitute Eurocurrency Liabilities and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under such
Regulation D. Statutory Reserves shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

  
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 “Sterling” and “£” shall mean the lawful currency of
the United Kingdom. 
 “Stock Equivalents” shall mean all securities convertible into or exchangeable for Capital Stock and
all warrants, options, or other rights to purchase or subscribe for any Capital Stock, whether or not presently convertible, exchangeable, or exercisable. In no event shall any Indebtedness which is convertible into any of the foregoing be
considered Stock Equivalents unless and until so converted. 
 “Subordinated Indebtedness” shall mean Indebtedness of the
Borrower or any Guarantor that is by its terms subordinated in right of payment to the obligations of the Borrower or such Guarantor, as applicable, under this Agreement or the Guarantee, as applicable. Notwithstanding anything to the contrary
herein, the Holdings Intercompany Note shall not constitute Subordinated Indebtedness. 
 “Subsidiary” of any Person
shall mean and include (i) any corporation more than 50% of whose Capital Stock of any class or classes having by the terms thereof ordinary voting power to elect a majority of the directors of such corporation (irrespective of whether or not
at the time Capital Stock of any class or classes of such corporation shall have or might have voting power by reason of the happening of any contingency) is at the time owned by such Person directly or indirectly through Subsidiaries, or
(ii) any limited liability company, partnership, association, joint venture, or other entity of which such Person directly or indirectly through Subsidiaries has more than a 50% equity interest at the time. Unless otherwise expressly provided,
all references herein to a Subsidiary shall mean a Subsidiary of the Borrower. 
 “Successor Borrower” shall have the
meaning provided in Section 10.3(a)(i). 
 “Supported QFC” shall have the meaning provided in
Section 13.24. 
 “Swap Obligation” shall mean, with respect to any Swap Obligor, any obligation
to pay or perform under any agreement, contract, or transaction that constitutes a “swap” within the meaning of section 1(a)(47) of the Commodity Exchange Act. 

“Swap Obligor” shall mean Holdings (if applicable) and the Credit Parties. 

“Taxes” shall mean any and all present or future taxes, duties, levies, imposts, assessments, deductions, withholdings
(including backup withholding), fees, or other similar charges imposed by any Governmental Authority and any interest, fines, penalties, or additions to tax with respect to the foregoing. 

“Term Loan Commitment” shall mean, with respect to each Lender, such Lender’s Initial Term Loan Commitment and,
if applicable, New Term Loan Commitment with respect to any Series and Replacement Term Loan Commitment with respect to any Series. 

“Term Loan Exchange” shall mean the exchange of all or a portion of the aggregate principal amount of Loans (as defined in
the Existing Debt Facility) outstanding under the Existing Debt Facility, together with any premium payable on such Loans, for an equal aggregate principal amount of Initial Term Loans as contemplated by the Term Loan Exchange Agreement. 

  
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 “Term Loan Exchange Agreement” shall mean that certain Term Loan Exchange
Agreement dated as of December 18, 2019, by and among the Borrower and the parties set forth on the signature pages thereto. 

“Term Loan Extension Request” shall have the meaning provided in Section 2.14(g)(i). 

“Term Loan Lender” shall mean, at any time, any Lender that has a Term Loan Commitment or an outstanding Term Loan.

 “Term Loans” shall mean the Initial Term Loans, any New Term Loans, any Replacement Term Loans, and any Extended
Term Loans, collectively. 
 “Term Loan Collateral” shall mean “Term Loan Collateral” as defined in the ABL
Intercreditor Agreement. 
 “Termination Date” shall have the meaning provided in Section 13.1.

 “Test Period” shall mean, for any determination under this Agreement, the four consecutive fiscal quarters of the
Borrower most recently ended on or prior to such date of determination and for which Section 9.1 Financials shall have been delivered (or were required to be delivered) to the Administrative Agent (or, before the first
delivery of Section 9.1 Financials, the most recent period of four fiscal quarters at the end of which financial statements are available). 

“Total Credit Exposure” shall mean, at any date, the sum, without duplication, of (i) the Total Term Loan Commitment at
such date, and (ii) without duplication of clause (i), the aggregate outstanding principal amount of all Term Loans at such date. 

“Total Initial Term Loan Commitment” shall mean the sum of the Initial Term Loan Commitments of all Lenders. 

“Total Term Loan Commitment” shall mean the sum of (i) the Initial Term Loan Commitments and (ii) the New
Term Loan Commitments, if applicable, of all the Lenders. 
 “Transaction Expenses” shall mean any fees, costs, or
expenses (including, for the avoidance of doubt, any premium or penalty incurred in connection with the Term Loan Exchange or the redemption of certain preferred equity interests of Holdings in connection with the Transactions) incurred or paid by
Holdings, the Borrower or any of their respective Affiliates in connection with the Transactions, this Agreement and the other Credit Documents and the transactions contemplated hereby and thereby. 

“Transactions” shall mean, collectively, the transactions contemplated by this Agreement, the Term Loan Exchange, the
Preferred Equity Exchange and the consummation of any other transactions in connection with the foregoing (including the payment of the fees and expenses incurred in connection with any of the foregoing (including the Transaction Expenses)). 

“Transferee” shall have the meaning provided in Section 13.6(e). 

“Transformative Acquisition” shall mean any acquisition by the Borrower or any other Restricted Subsidiary that (i) is
not permitted by the terms of the Credit Documents immediately prior to the consummation of such acquisition, (ii) if permitted by the terms of the Credit Documents immediately prior to the consummation of such acquisition, would not provide
the Borrower and the other Restricted Subsidiaries with adequate flexibility under the Credit Documents for the continuation and/or expansion of their combined operations following such consummation, as determined by the Borrower acting in good
faith or (iii) results in a refinancing of the Credit Facility that involves an upsizing of the Credit Facility in connection with such acquisition. 

  
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 “Transformative Disposition” shall mean any disposition by the Borrower or
any other Restricted Subsidiary that (i) is not permitted by the terms of the Credit Documents immediately prior to the consummation of such disposition, (ii) if permitted by the terms of the Credit Documents immediately prior to the
consummation of such disposition, would not provide the Borrower and the other Restricted Subsidiaries with adequate flexibility under the Credit Documents for the continuation and/or expansion of their combined operations following such
consummation, as determined by the Borrower acting in good faith or (iii) results in a refinancing of the Credit Facility that involves a downsizing of the Credit Facility in connection with such disposition. 

“Type” shall mean as to any Loan, its nature as an ABR Loan or a LIBOR Loan. 

“Uniform Commercial Code” shall mean the Uniform Commercial Code as in effect from time and time in the State of New York or,
when the laws of any other jurisdiction govern the perfection or enforcement of any Lien, the Uniform Commercial Code of such jurisdiction. 

“Unrestricted Subsidiary” shall mean (i) as of the Closing Date, each Subsidiary of the Borrower listed on Schedule
1.1(e), (ii) any Subsidiary of the Borrower which at the time of determination is an Unrestricted Subsidiary (as designated by the board of directors (or analogous governing body) of the Borrower after the Closing Date as provided below) and
(iii) any Subsidiary of an Unrestricted Subsidiary. 
 The board of directors (or analogous governing body) of the Borrower may
designate any Subsidiary of the Borrower (including any existing Subsidiary and any newly acquired or newly formed Subsidiary) to be an Unrestricted Subsidiary, unless such Subsidiary or any of its Subsidiaries owns any Equity Interests or
Indebtedness of, or owns or holds any Lien on, any property of, the Borrower or any Subsidiary of the Borrower (other than any Subsidiary of the Subsidiary to be so designated or an Unrestricted Subsidiary); provided that: 

(a) such designation complies with Section 10.5; 

(b) each of (1) the Subsidiary to be so designated and (2) its Subsidiaries has not at the time of designation, and
does not thereafter, create, incur, issue, assume, guarantee, or otherwise become directly or indirectly liable with respect to any Indebtedness pursuant to which the lender has recourse to any of the assets of Holdings or any Restricted Subsidiary
except for Indebtedness that could otherwise be incurred by Holdings, the Borrower or such Restricted Subsidiary hereunder and, if such Indebtedness is secured, the Liens securing such Indebtedness are permitted to be incurred by Holdings, the
Borrower or such Restricted Subsidiary hereunder (provided that any such Indebtedness shall be deemed incurred hereunder by Holdings, the Borrower or such Restricted Subsidiary, as the case may be); and 

(c) immediately after giving effect to such designation, no Event of Default under Section 11.1(a) or
Section 11.1(e) shall have occurred and be continuing. 
 The board of directors (or analogous governing body) of
the Borrower may designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that, immediately after giving effect to such designation, no Event of Default under Section 11.1(a) or
Section 11.1(e) shall have occurred and be continuing. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute the incurrence at the time of designation of any Investment, Indebtedness or
Liens of such Subsidiary existing at such time. 

  
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 Any such designation by the board of directors (or analogous governing body) of the Borrower
shall be notified by the Borrower to the Administrative Agent by promptly delivering to the Administrative Agent a copy of the board resolution giving effect to such designation and a certificate of an Authorized Officer of the Borrower certifying
that such designation complied with the foregoing provisions. Any reference to the board of directors (or analogous governing body) in this definition shall also include any duly constitute committee (whether standing or ad hoc) authorized to act on
behalf of such board of directors (or analogous governing body). 
 “U.S.” and “United States” shall mean
the United States of America. 
 “U.S. Lender” shall have the meaning provided in
Section 5.4(e)(ii)(A). 
 “U.S. Special Resolution Regimes” shall have the meaning provided in
Section 13.24. 
 “Voting Stock” shall mean, with respect to any Person as of any date,
the Capital Stock of such Person that is at the time entitled to vote in the election of the board of directors (or analogous governing body) of such Person. 

“Wholly-Owned Restricted Subsidiary” of any Person shall mean a Restricted Subsidiary of such Person, 100% of the outstanding
Capital Stock or other ownership interests of which (other than directors’ qualifying shares or shares required by applicable law to be owned by a local resident) shall at the time be owned by such Person or by one or more Wholly-Owned
Subsidiaries of such Person. 
 “Wholly-Owned Subsidiary” of any Person shall mean a Subsidiary of such Person,
100% of the outstanding Capital Stock or other ownership interests of which (other than directors’ qualifying shares or shares required by applicable law to be owned by a local resident) shall at the time be owned by such Person or by one
or more Wholly-Owned Subsidiaries of such Person. 
 “Withdrawal Liability” shall mean liability to a Multiemployer Plan as
a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Title IV of ERISA. 

“Withholding Agent” shall mean any Credit Party, the Administrative Agent and, in the case of any U.S. federal
withholding Tax, any other applicable withholding agent. 
 “Write-Down and Conversion Powers” shall mean with respect to
any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and
conversion powers are described in the EU Bail-In Legislation Schedule. 
 1.2 Other Interpretive
Provisions. With reference to this Agreement and each other Credit Document, unless otherwise specified herein or in such other Credit Document: 

(a) The meanings of defined terms are equally applicable to the singular and plural forms of the defined terms. 

(b) The words “herein”, “hereto”, “hereof”, and “hereunder” and words of similar import when used in
any Credit Document shall refer to such Credit Document as a whole and not to any particular provision thereof. 

  
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 (c) Section, Exhibit, and Schedule references are to the Credit Document in which such
reference appears. 
 (d) The term “including” is by way of example and not limitation. 

(e) The term “documents” includes any and all instruments, documents, agreements, certificates, notices, reports, financial
statements and other writings, however evidenced, whether in physical or electronic form. 
 (f) In the computation of periods of time from a
specified date to a later specified date, the word “from” means “from and including”; the words “to” and “until” each mean “to but excluding”; and the word “through” means “to and
including”. 
 (g) Section headings herein and in the other Credit Documents are included for convenience of reference only and shall
not affect the interpretation of this Agreement or any other Credit Document. 
 (h) The words “asset” and “property”
shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 

(i) All references to “knowledge” or “awareness” of any Credit Party or any Restricted Subsidiary thereof means the actual
knowledge of an Authorized Officer of such Credit Party or such Restricted Subsidiary. 
 (j) The phrases “the Borrower and its
Restricted Subsidiaries” and “the Borrower and the Restricted Subsidiaries” shall have the identical meaning and may be used interchangeably. 

1.3 Accounting Terms. 
 (a)
Except as expressly provided herein, all accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be
submitted pursuant to this Agreement shall be prepared in conformity with, GAAP, applied in a consistent manner. 
 (b) Notwithstanding
anything to the contrary herein, for purposes of determining compliance with any test or covenant contained in this Agreement with respect to any period during which any Specified Transaction occurs, the Fixed Charge Coverage Ratio, the Consolidated
Total Debt to Consolidated EBITDA Ratio, the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio, and the Consolidated Senior Secured Debt to Consolidated EBITDA Ratio shall each be calculated with respect to such period and such
Specified Transaction on a Pro Forma Basis. 
 (c) Where reference is made to “the Borrower and the Restricted Subsidiaries on a
consolidated basis” or similar language, such consolidation shall not include any Subsidiaries of the Borrower other than Restricted Subsidiaries. 

1.4 Rounding. Any financial ratios required to be maintained by the Borrower pursuant to this Agreement (or required to be satisfied in
order for a specific action to be permitted under this Agreement) shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed
herein and rounding the result up or down to the nearest number. 

  
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 1.5 References to Agreements, Laws, Etc. Unless otherwise expressly provided herein,
(a) references to organizational documents, agreements (including the Credit Documents), and other Contractual Requirements shall be deemed to include all subsequent amendments, restatements, amendment and restatements, extensions, supplements,
modifications, replacements, refinancings, renewals, or increases, but only to the extent that such amendments, restatements, amendment and restatements, extensions, supplements, modifications, replacements, refinancings, renewals, or increases are
permitted by any Credit Document; and (b) references to any Requirements of Law shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing, or interpreting such Requirements of Law. 

1.6 Exchange Rates. 
 (a)
For purposes of any determination under Section 9, Section 10 or Section 11 or any determination under any other provision of this Agreement expressly requiring the use of
a current exchange rate, all amounts incurred, outstanding, replaced or otherwise refinanced or proposed to be incurred, outstanding, replaced or otherwise refinanced in currencies other than Dollars shall be translated into Dollars at the Spot Rate
in effect on the date of such determination; provided, however, that for purposes of determining compliance with Section 10 with respect to the amount of any Indebtedness, Restricted Investment, Lien, Asset
Sale, or Restricted Payment in a currency other than Dollars, no Default or Event of Default shall be deemed to have occurred solely as a result of changes in rates of exchange occurring after the time such Indebtedness, Lien or Restricted
Investment is incurred (or, in the case of revolving Indebtedness, first committed) or after such Asset Sale or Restricted Payment is made; provided, further, for the avoidance of doubt, the foregoing provisions of this
Section 1.6 shall otherwise apply to such Sections, including with respect to determining whether any Indebtedness, Lien, or Investment may be incurred or Asset Sale or Restricted Payment made at any time under such
Sections. For purposes of any determination of Consolidated Total Debt, Consolidated Senior Secured Debt or Consolidated First Lien Secured Debt, amounts in currencies other than Dollars shall be translated into Dollars at the currency exchange
rates used in preparing the most recently delivered Section 9.1 Financials. 
 1.7 Rates. The interest rate
on LIBOR Loans is determined by reference to the LIBOR Rate, which is derived from the London interbank offered rate. The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings
from each other in the London interbank market. In July 2017, the U.K. Financial Conduct Authority announced that, after the end of 2021, it would no longer persuade or compel contributing banks to make rate submissions to the ICE Benchmark
Administration (together with any successor to the ICE Benchmark Administrator, the “IBA”) for purposes of the IBA setting the London interbank offered rate. As a result, it is possible that commencing in 2022, the London interbank
offered rate may no longer be available or may no longer be deemed an appropriate reference rate upon which to determine the interest rate on LIBOR Loans. In light of this eventuality, public and private sector industry initiatives are currently
underway to identify new or alternative reference rates to be used in place of the London interbank offered rate. In the event that the London interbank offered rate is no longer available or in certain other circumstances set forth in
Section 2.10(a), Section 2.10(a) provides a mechanism for determining an alternative rate of interest. The Administrative Agent will promptly notify the Borrower, pursuant to Section 2.10, of
any change to the reference rate upon which the interest rate on LIBOR Loans is based. The Administrative Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability with respect to the administration,
submission, or any other matter related to the rates in the definition of “LIBOR Rate” or with respect to any alternative or successor rate thereto, or replacement rate thereof. 

1.8 Times of Day. Unless otherwise specified, all references herein to times of day shall be references to Eastern time (daylight or
standard, as applicable). 

  
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 1.9 Timing of Payment or Performance. Except as otherwise provided herein, when the
payment of any obligation or the performance of any covenant, duty, or obligation is stated to be due or performance required on (or before) a day which is not a Business Day, the date of such payment (other than as described in the definition of
Interest Period) or performance shall extend to the immediately succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be. 

1.10 Certifications. All certifications to be made hereunder by an officer or representative of a Credit Party shall be made by such a
Person in his or her capacity solely as an officer or a representative of such Credit Party, on such Credit Party’s behalf and not in such Person’s individual capacity. 

1.11 Compliance with Certain Sections. In the event that, at any time and from time to time, any Lien, Investment, Indebtedness,
disposition, Restricted Payment, Affiliate transaction, Contractual Requirement or prepayment of Indebtedness meets the criteria of one or more than one of the categories of transactions then permitted pursuant to the definition of “Maximum
Incremental Facilities Amount”, “Permitted Investment”, “Permitted Lien” or any comparable definition or any clause or subsection of Section 9.9 or any clause or subsection of
Sections 10.1, 10.2, 10.3, 10.4, 10.5 or 10.6, then such transaction (or portion thereof) at any such time and from time to time shall be allocated (and
re-allocated) to one or more of such clauses or subsections within the relevant sections as determined (or re-determined) by the Borrower in its sole discretion;
provided that if any financial ratio or test governing any applicable Incurrence Based Amounts would be satisfied in any subsequent period following the utilization of any Fixed Amount, such transaction (or portion thereof) shall
automatically be reclassified to utilize such Incurrence Based Amounts instead of the corresponding Fixed Amount (and the portion of the Fixed Amount previously utilized shall be deemed to be restored and unutilized) unless otherwise elected by the
Borrower in its sole discretion. 
 1.12 Pro Forma and Other Calculations. 

(a) For purposes of calculating the Fixed Charge Coverage Ratio, the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio,
the Consolidated Senior Secured Debt to Consolidated EBITDA Ratio and the Consolidated Total Debt to Consolidated EBITDA Ratio, Investments, acquisitions, dispositions, mergers, consolidations, and disposed operations (as determined in accordance
with GAAP) that have been made by the Borrower or any Restricted Subsidiary during the Test Period or subsequent to such Test Period and on or prior to or simultaneously with the date of determination shall be calculated on a Pro Forma Basis
assuming that all such Investments, acquisitions, dispositions, mergers, consolidations, and disposed operations (and the change in any associated fixed charge obligations and the change in Consolidated EBITDA resulting therefrom) had occurred on
the first day of the Test Period. If, since the beginning of such period, any Person (that subsequently became a Restricted Subsidiary or was merged with or into the Borrower or any Restricted Subsidiary since the beginning of such period) shall
have made any Investment, acquisition, disposition, merger, consolidation, or disposed operation that would have required adjustment pursuant to this definition, then the Fixed Charge Coverage Ratio, Consolidated First Lien Secured Debt to
Consolidated EBITDA Ratio, Consolidated Senior Secured Debt to Consolidated EBITDA Ratio and Consolidated Total Debt to Consolidated EBITDA Ratio shall be calculated giving Pro Forma Effect thereto for such Test Period as if such Investment,
acquisition, disposition, merger, consolidation, or disposed operation had occurred at the beginning of the Test Period. Notwithstanding anything to the contrary herein, with respect to any amounts incurred or transactions entered into (or
consummated) in reliance on a provision of this Agreement that does not require compliance with a financial ratio or test (including, without limitation, the Fixed Charge Coverage Ratio, the Consolidated First Lien Secured Debt to Consolidated
EBITDA Ratio, the Consolidated Senior Secured Debt to Consolidated EBITDA Ratio, the Consolidated Total Debt to Consolidated EBITDA Ratio and the Fixed Charge Coverage Ratio) (any such amounts, the 

  
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“Fixed Amounts”) substantially concurrently with any amounts incurred or transactions entered into (or consummated) in reliance on a provision of this Agreement that requires
compliance with any such financial ratio or test (any such amounts, the “Incurrence Based Amounts”) or the incurrence of any revolving indebtedness substantially concurrently with any Incurrence Based Amounts, it is understood and
agreed that the Fixed Amounts and revolving indebtedness shall be disregarded in the calculation of the financial ratio or test applicable to the Incurrence Based Amounts in connection with such substantially concurrent incurrence, except that
incurrences of Indebtedness and Liens constituting Fixed Amounts shall be taken into account for purposes of Incurrence Based Amounts other than Incurrence Based Amounts contained in Section 2.14,
Section 10.1 or Section 10.2. 
 (b) Whenever Pro Forma Effect is to be given to a
transaction, the pro forma calculations shall be made in good faith by a responsible financial or accounting officer of the Borrower (and may include, for the avoidance of doubt and without duplication, cost savings, operating expense
reductions, operating enhancements, operating improvements, revenue enhancements and synergies resulting from such Investment, acquisition, merger, or consolidation which is being given Pro Forma Effect that have been or are expected to be
realized; provided that such cost savings, operating expense reductions, operating enhancements, operating improvements, revenue enhancements and synergies are made in compliance with the definition of Pro Forma Adjustment). If any
Indebtedness bears a floating rate of interest and is being given Pro Forma Effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the date of determination had been the applicable rate for the entire period
(taking into account for such entire period, any Hedging Obligation applicable to such Indebtedness with a remaining term of 12 months or longer, and in the case of any Hedging Obligation applicable to such Indebtedness with a remaining term of
less than 12 months, taking into account such Hedging Obligation to the extent of its remaining term). Interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by a responsible financial or
accounting officer of the Borrower to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. For purposes of making the computation referred to above, interest on any Indebtedness under a revolving credit
facility computed on a Pro Forma Basis shall be computed based upon the average daily balance of such Indebtedness during the applicable period (or, if lower, the greater of (i) maximum commitments under such revolving credit facilities as
of the date of determination and (ii) the aggregate principal amount of loans outstanding under such a revolving credit facilities on such date). Interest on Indebtedness that may optionally be determined at an interest rate based upon a factor
of a prime or similar rate, a eurocurrency interbank offered rate, or other rate, shall be deemed to have been based upon the rate actually chosen, or, if none, then based upon such optional rate chosen as the Borrower may designate. 

(c) In connection with any action being taken solely in connection with a Limited Condition Transaction, for purposes of: 

(i) determining compliance with any provision of this Agreement which requires the calculation of the Consolidated First Lien
Secured Debt to Consolidated EBITDA Ratio, Consolidated Senior Secured Debt to Consolidated EBITDA Ratio, Consolidated Total Debt to Consolidated EBITDA Ratio or the Fixed Charge Coverage Ratio; 

(ii) determining the accuracy of representations and warranties in Section 8 and/or whether a Default
or Event of Default shall have occurred and be continuing under Section 11; or 
 (iii) testing
availability under baskets set forth in this Agreement (including baskets measured as a percentage of Consolidated EBITDA or Consolidated Total Assets); 

  
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 in each case, at the option of the Borrower (the Borrower’s election to exercise such option in
connection with any Limited Condition Transaction, an “LCT Election”), the date of determination of whether any such action is permitted hereunder, shall be deemed to be the date the definitive agreements for such Limited Condition
Transaction are entered into (or (x) in connection with an acquisition to which the United Kingdom City Code on Takeovers and Mergers (the “City Code”) applies, the date on which a “Rule 2.7 announcement” of a firm
intention to make an offer in respect of the applicable target is made in compliance with the City Code and (y) in respect of any transaction described in clause (b) of the definition of a Limited Condition
Transaction, delivery of irrevocable notice or similar event) (the “LCT Test Date”), and if, after giving Pro Forma Effect to the Limited Condition Transaction and the other transactions to be entered into in connection
therewith (including any incurrence of Indebtedness and the use of proceeds thereof) as if they had occurred at the beginning of the most recent Test Period ending prior to the LCT Test Date, the Borrower or the applicable Restricted Subsidiary
could have taken such action on the relevant LCT Test Date in compliance with such ratio or basket, such ratio or basket shall be deemed to have been complied with. For the avoidance of doubt, if the Borrower has made an LCT Election and any of the
ratios or baskets for which compliance was determined or tested as of the LCT Test Date are exceeded as a result of fluctuations in any such ratio or basket, including due to fluctuations in Consolidated EBITDA of the Borrower or the Person subject
to such Limited Condition Transaction, at or prior to the consummation of the relevant transaction or action, such baskets or ratios will not be deemed to have been exceeded as a result of such fluctuations. If the Borrower has made an LCT Election
for any Limited Condition Transaction, then in connection with any subsequent calculation of any ratio or basket availability with respect to the incurrence of Indebtedness or Liens, or the making of Restricted Payments, mergers, the conveyance,
lease or other transfer of all or substantially all of the assets of the Borrower or a Restricted Subsidiary, the prepayment, redemption, purchase, defeasance or other satisfaction of Indebtedness, or the designation of an Unrestricted Subsidiary on
or following the relevant LCT Test Date and prior to the earlier of (i) the date on which such Limited Condition Transaction is consummated or (ii) the date that the definitive agreement for, or “Rule 2.7 announcement” in respect
of, as applicable, such Limited Condition Transaction is terminated or expires (or, if applicable, the irrevocable notice or similar event is terminated or expires) without consummation of such Limited Condition Transaction, any such ratio or basket
shall be calculated on a Pro Forma Basis assuming such Limited Condition Transaction and other transactions in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) have been consummated until such time
as the applicable Limited Condition Transaction has actually closed or the definitive agreement with respect thereto has been terminated. 

(d) [Reserved]. 
 (e)
Notwithstanding anything to the contrary in this Section 1.12 or in any classification under GAAP of any Person, business, assets or operations in respect of which a definitive agreement for the disposition thereof has been
entered into as discontinued operations, no Pro Forma Effect shall be given to any discontinued operations (and the EBITDA attributable to any such Person, business, assets or operations shall not be excluded for any purposes hereunder) until
such disposition shall have been consummated. 
 (f) Any determination of Consolidated Total Assets shall be made by reference to the last
day of the Test Period most recently ended on or prior to the relevant date of determination. 
 (g) Except as otherwise specifically
provided herein, all computations of Excess Cash Flow, Consolidated Total Assets, Available Amount, Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio, Consolidated Senior Secured Debt to Consolidated EBITDA Ratio, Consolidated Total
Debt to Consolidated EBITDA Ratio, the Fixed Charge Coverage Ratio and other financial ratios and financial calculations (and all definitions (including accounting terms) used in determining any of the foregoing) shall be calculated, in each case,
with respect to the Borrower and the Restricted Subsidiaries on a consolidated basis. 

  
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 (h) All leases of any Person that are or would be characterized as operating leases in
accordance with GAAP prior to giving effect to FASB Accounting Standards Codification Update No. 2016-02 (Topic 842) (whether or not such operating leases were in effect at the time of effectiveness
thereof) shall continue to be accounted for as operating leases (and not as Capital Leases) for purposes of this Agreement regardless of FASB Accounting Standards Codification Update No. 2016-02 (Topic
842) or any change in GAAP following the Closing Date that would otherwise require such leases to be recharacterized as Capital Leases. Without limiting the forgoing, all references to a “Capital Lease” or “Capital Leases” shall
be understood to be a reference to a “Financing Lease” or “Financing Leases” where such nomenclature is consistent with GAAP. 

1.13 Form Intercreditor Agreements. Notwithstanding anything to the contrary herein, the ABL Intercreditor Agreement, the First Lien
Intercreditor Agreement and/or Second Lien Intercreditor Agreement, as applicable, shall be deemed to be reasonable and acceptable to the Administrative Agent and the Lenders, and the Administrative Agent and the Lenders shall be deemed to have
consented to the use of each such intercreditor agreement (and to the Administrative Agent’s execution thereof) in connection with any Indebtedness permitted to be incurred, issued and/or assumed by the Borrower or any of its Subsidiaries
pursuant to Section 10.1. 
 1.14 Divisions. Any reference herein to a merger, transfer, consolidation,
amalgamation, assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or by a limited liability company or other Person, or an allocation of assets to a series of a limited liability company or other
Person (or the unwinding of such a division or allocation) (any such transaction, a “Division”), as if it were a merger, transfer, consolidation, amalgamation, assignment, sale, disposition or transfer, or similar term, as
applicable, to, of or with a separate Person. Any Division of a limited liability company or other Person shall constitute a separate Person hereunder (and each Division of any limited liability company or other Person that is a Subsidiary,
Restricted Subsidiary, Unrestricted Subsidiary, joint venture or any other like term shall also constitute such a Person or entity). 
 Section 2.
Amount and Terms of Credit. 
 2.1 Commitments. Subject to and upon the terms and conditions herein set forth, each Lender
having an Initial Term Loan Commitment severally agrees to make (or shall be deemed to have made) Initial Term Loans denominated in Dollars to the Borrower on the Closing Date, which Initial Term Loans shall not exceed for any such Lender the
Initial Term Loan Commitment of such Lender and in the aggregate shall not exceed $502,436,230.19. Such Term Loans (i) may at the option of the Borrower be incurred and maintained as, and/or converted into, ABR Loans or LIBOR Loans;
provided that all Term Loans made (or deemed to have been made) by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Term Loans of the same Type, (ii) may be
repaid or prepaid (without premium or penalty other than as set forth in Section 5.1(b)) in accordance with the provisions hereof, but once repaid or prepaid, may not be reborrowed, (iii) shall not exceed for any such
Lender the Initial Term Loan Commitment of such Lender, and (iv) shall not exceed in the aggregate the Total Initial Term Loan Commitments. On the Initial Term Loan Maturity Date, all then unpaid Initial Term Loans shall be repaid in full in
Dollars. 
 2.2 Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The aggregate principal amount of each Borrowing of
Term Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $100,000 in excess thereof. More than one Borrowing may be incurred on any date; provided that at no time shall
there be outstanding more than eight Borrowings of LIBOR Loans that are Term Loans. 

  
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 2.3 Notice of Borrowing. 

(a) The Borrower shall give the Administrative Agent at the Administrative Agent’s Office prior to 12:00 p.m. (New York City
time) (i) in the case of a Borrowing of ABR Loans, at least one Business Day’s prior written notice and (ii) in the case of a Borrowing of LIBOR Loans denominated in Dollars, at least three Business Days’ prior written notice
(or, in the case of a Borrowing of Initial Term Loans deemed to have been made on the Closing Date, one Business Day; provided that the Borrower shall give the Administrative Agent such notice prior to 2:00 p.m. (New York City time) on such date, it
being understood that such Notice of Borrowing shall be subject to the provisions of Section 2.11). Such notice (a “Notice of Borrowing”, substantially in the form of Exhibit K)
shall specify (A) the aggregate principal amount of the Term Loans to be made (or deemed to be made), (B) the date of the Borrowing (which, in the case of a Borrowing of Initial Term Loans, shall be the Closing Date) and (C) whether
the Term Loans shall consist of ABR Loans and/or LIBOR Loans and, if the Term Loans are to include LIBOR Loans, the Interest Period to be initially applicable thereto. A Notice of Borrowing may be in such other form as may be approved by the
Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by an Authorized Officer of the Borrower. A Notice of
Borrowing may be given by (x) telephone or (y) a written Notice of Borrowing (provided that any telephonic notice must be confirmed promptly by delivery to the Administrative Agent of a written Notice of Borrowing). If no election as to
the Type of Borrowing is specified in any such notice, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period with respect to any Borrowing of LIBOR Loans is specified in any such notice, then the Borrower shall be deemed to
have selected an Interest Period of one month’s duration. The Administrative Agent shall promptly advise the applicable Lenders of any notice given pursuant to this Section 2.3(a) (and the contents thereof), and of
each Lender’s pro rata share of the requested Borrowing. 
 (b) [Reserved]. 

(c) [Reserved]. 
 (d) Without in
any way limiting the obligation of the Borrower to confirm in writing any notice it shall give hereunder by telephone (which obligation is absolute), the Administrative Agent may act prior to receipt of written confirmation without liability upon
the basis of such telephonic notice believed by the Administrative Agent in good faith to be from an Authorized Officer of the Borrower. 

2.4 Disbursement of Funds. 

(a) No later than 1:00 p.m. (New York City time) on the date specified in each Notice of Borrowing, each Lender shall make available its
pro rata portion, if any, of each Borrowing requested to be made on such date in the manner provided below; provided that on the Closing Date, such funds shall be deemed to be made available at such earlier time as may be agreed
among the Lenders, the Borrower and the Administrative Agent for the purpose of consummating the Transactions. 
 (b) Each Lender shall make
available all amounts it is to fund to the Borrower under any Borrowing for its applicable Commitments, and in immediately available funds, to the Administrative Agent at the Administrative Agent’s Office and the Administrative Agent will make
available to the Borrower, by depositing to an account designated by the Borrower to the Administrative Agent the aggregate of the amounts so made available in Dollars; provided that on the Closing Date, such amounts shall be deemed to be
made available by each Initial Lender to the Administrative Agent at the Administrative Agent’s Office and shall be deemed to be made available by the Administrative Agent to the Borrower. Unless the Administrative Agent shall have been
notified by any Lender prior to the date 

  
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of any such Borrowing that such Lender does not intend to make available to the Administrative Agent its portion of the Borrowing or Borrowings to be made on such date, the Administrative Agent
may assume that such Lender has made such amount available to the Administrative Agent on such date of Borrowing, and the Administrative Agent, in reliance upon such assumption, may (in its sole discretion and without any obligation to do so) make
available to the Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent by such Lender and the Administrative Agent has made available such amount to the Borrower, the Administrative
Agent shall be entitled to recover such corresponding amount from such Lender. If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent’s demand therefor the Administrative Agent shall promptly notify the
Borrower and the Borrower shall immediately pay such corresponding amount to the Administrative Agent in Dollars. The Administrative Agent shall also be entitled to recover from such Lender or the Borrower interest on such corresponding amount in
respect of each day from the date such corresponding amount was made available by the Administrative Agent to the Borrower to the date such corresponding amount is recovered by the Administrative Agent, at a rate per annum equal to
(i) if paid by such Lender, the Overnight Rate or (ii) if paid by the Borrower, the then-applicable rate of interest or fees, calculated in accordance with Section 2.8, for the respective Loans. 

(c) Nothing in this Section 2.4 shall be deemed to relieve any Lender from its obligation to fulfill its commitments
hereunder or to prejudice any rights that the Borrower may have against any Lender as a result of any default by such Lender hereunder (it being understood, however, that no Lender shall be responsible for the failure of any other Lender to fulfill
its commitments hereunder). 
 2.5 Repayment of Loans; Evidence of Debt. 

(a) [Reserved]. 
 (b) The Borrower
shall repay to the Administrative Agent, for the benefit of the Initial Term Loan Lenders, (i) on the last Business Day of each of March, June, September and December, commencing with the fiscal quarter ending on August 1, 2020 (each such
date, an “Initial Term Loan Repayment Date”), a principal amount of Term Loans equal to the aggregate outstanding principal amount of Initial Term Loans deemed to have been made on the Closing Date multiplied by 0.25% (as such
payments may be reduced from time to time as a result of the application of prepayments in accordance with Section 5 and Section 13.7 or increased as a result of any increase in the amount of such
Term Loans pursuant to Section 2.14(a) (which shall include, at the Borrower’s election, such adjustments as are necessary in order to provide for the “fungibility” of such New Term Loans)) and (ii) on
the Initial Term Loan Maturity Date, any remaining outstanding amount of Initial Term Loans (the repayment amounts in clauses (i) and (ii) above, each, an “Initial Term Loan Repayment Amount”).

 (c) In the event that any New Term Loans are made, such New Term Loans shall, subject to Section 2.14(d), be
repaid by the Borrower in the amounts (each, a “New Term Loan Repayment Amount”) and on the dates (each a “New Term Loan Repayment Date”) set forth in the applicable Joinder Agreement. In the event that any Extended
Term Loans are established, such Extended Term Loans shall, subject to Section 2.14(g), be repaid by the Borrower in the amounts (each such amount with respect to any Extended Repayment Date, an “Extended
Term Loan Repayment Amount”) and on the dates (each, an “Extended Repayment Date”) set forth in the applicable Extension Amendment. 

(d) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness of the Borrower to the
appropriate lending office of such Lender resulting from each Loan made by such lending office of such Lender from time to time, including the amounts of principal and interest payable and paid to such lending office of such Lender from time to time
under this Agreement. 

  
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 (e) The Administrative Agent shall maintain the Register pursuant to
Section 13.6(b), and a subaccount for each Lender, in which Register and subaccounts (taken together) shall be recorded (i) the amount of each Loan made hereunder, whether such Loan is an Initial Term Loan or New Term
Loan, the Type of each Loan made and the Interest Period, if any, applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount
of any sum received by the Administrative Agent hereunder from the Borrower and each Lender’s share thereof. 
 (f) The entries made in
the Register and accounts and subaccounts maintained pursuant to clauses (d) and (e) of this Section 2.5 shall, to the extent permitted by applicable law, be prima facie evidence of the
existence and amounts of the obligations of the Borrower therein recorded; provided, however, that, in the event of any inconsistency between the Register and any such account or subaccount, the Register shall govern; provided,
further, that the failure of any Lender or the Administrative Agent to maintain such account, such Register or subaccount, as applicable, or any error therein, shall not in any manner affect the obligation of the Borrower to repay (with
applicable interest) the Loans made (or deemed to have been made) to the Borrower by such Lender in accordance with the terms of this Agreement. 

(g) The Borrower hereby agrees that, upon request of any Lender at any time and from time to time after the Borrower has made an initial
borrowing hereunder, the Borrower shall provide to such Lender, at the Borrower’s own expense, a promissory note, substantially in the form of Exhibit G, as applicable, evidencing the Initial Term Loans and New Term Loans owing to such
Lender. Thereafter, unless otherwise agreed to by the applicable Lender, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 13.6) be
represented by one or more promissory notes in such form payable to the order of the payee named therein (or, if requested by such payee, to such payee and its registered assigns). 

2.6 Conversions and Continuations. 

(a) Subject to the penultimate sentence of this clause (a), (x) the Borrower shall have the option on any
Business Day to convert all or a portion equal to at least $5,000,000 of the outstanding principal amount of Term Loans of one Type into a Borrowing or Borrowings of another Type and (y) the Borrower shall have the option on any Business Day to
continue the outstanding principal amount of any LIBOR Loans as LIBOR Loans for an additional Interest Period; provided that (i) no partial conversion of LIBOR Loans shall reduce the outstanding principal amount of LIBOR Loans made (or
deemed to have been made) pursuant to a single Borrowing to less than the Minimum Borrowing Amount, (ii) ABR Loans may not be converted into LIBOR Loans if an Event of Default is in existence on the date of the conversion and the Administrative
Agent has or the Required Lenders have determined in its or their sole discretion not to permit such conversion, (iii) LIBOR Loans denominated in Dollars may not be continued as LIBOR Loans for an additional Interest Period if an Event of
Default is in existence on the date of the proposed continuation and the Administrative Agent has or the Required Lenders have determined in its or their sole discretion not to permit such continuation, and (iv) Borrowings resulting from
conversions pursuant to this Section 2.6 shall be limited in number as provided in Section 2.2. Each such conversion or continuation shall be effected by the Borrower by giving the Administrative
Agent prior written notice (each, “Notice of Conversion or Continuation”, substantially in the form of Exhibit K) at the Administrative Agent’s Office prior to 12:00 noon (New York City time) at least
three Business Days prior, in the case of a continuation of or conversion to LIBOR Loans (other than in the case of a notice delivered on the Closing Date, which shall be deemed to be effective on the Closing Date), or 10:00 a.m. (New York
City time) on the proposed day of a conversion into ABR Loans. Such notice may be given by (A) telephone, or (B) a Notice of Conversion; provided that any telephonic notice must be confirmed immediately by delivery to the
Administrative Agent of a Notice of Conversion. A 

  
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Notice of Conversion or Continuation may be in such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as
shall be approved by the Administrative Agent) and shall be appropriately completed and signed by an Authorized Officer of the Borrower. Each such Notice of Conversion shall specify the Loans to be so converted or continued, the Type of Loans to be
converted or continued into and, if such Loans are to be converted into or continued as LIBOR Loans, the Interest Period to be initially applicable thereto. If no Interest Period is specified in any such notice with respect to any conversion to or
continuation as a LIBOR Loan, the Borrower shall be deemed to have selected an Interest Period of one month’s duration. The Administrative Agent shall give each applicable Lender notice as promptly as practicable of any such proposed conversion
or continuation affecting any of its Loans. 
 (b) If any Event of Default is in existence at the time of any proposed continuation of any
LIBOR Loans denominated in Dollars and the Administrative Agent has or the Required Lenders have determined in its or their sole discretion not to permit such continuation, such LIBOR Loans shall be automatically converted on the last day of the
current Interest Period into ABR Loans. If upon the expiration of any Interest Period in respect of LIBOR Loans, the Borrower has failed to elect a new Interest Period to be applicable thereto as provided in clause (a), the
Borrower shall be deemed to have elected to convert such Borrowing of LIBOR Loans into a Borrowing of ABR Loans, effective as of the expiration date of such current Interest Period. 

2.7 Pro Rata Borrowings. Each Borrowing of Initial Term Loans under this Agreement shall be made by the Lenders pro rata on
the basis of their then-applicable Initial Term Loan Commitments. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. It is
understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it
hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any
of the Credit Documents shall not release any Person from performance of its obligation, under any Credit Document. 
 2.8 Interest.

 (a) The unpaid principal amount of each ABR Loan shall bear interest from the date of the Borrowing thereof until maturity (whether by
acceleration or otherwise) at a rate per annum that shall at all times be the Applicable Margin for ABR Loans plus the ABR, in each case, in effect from time to time. 

(b) The unpaid principal amount of each LIBOR Loan shall bear interest from the date of the Borrowing thereof until maturity thereof (whether
by acceleration or otherwise) at a rate per annum that shall at all times be the Applicable Margin for LIBOR Loans plus the relevant Adjusted LIBOR Rate. 

(c) If an Event of Default pursuant to Section 11.1(a) (with respect to nonpayment of principal, interest or Fees) or
11.1(e) has occurred and is continuing (but after giving effect to any grace period set forth therein), if all or a portion of (i) the principal amount of any Loan or (ii) any interest payable thereon or any other amount payable
hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum (the “Default Rate”) that is (x) in the case of overdue
principal or interest, the rate then borne by (in the case of such principal) such Borrowings or (in the case of interest) the Borrowings to which such overdue amount relates plus 2.00% or (y) in the case of any fees and other overdue
amount to the extent permitted by applicable law, the rate described in Section 2.8(a) for ABR Loans denominated in Dollars plus 2.00% from the date of such non-payment to the
date on which such amount is paid in full (after as well as before judgment). 

  
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 (d) Interest on each Loan shall accrue from and including the date of any Borrowing to but
excluding the date of any repayment thereof and shall be payable in the same currency as such Loan; provided that any Loan that is repaid on the same date on which it is made shall bear interest for one day. Except as provided below, interest
shall be payable (i) in respect of each ABR Loan, quarterly in arrears on the last Business Day of each fiscal quarter of the Borrower, (ii) in respect of each LIBOR Loan, on the last day of each Interest Period applicable thereto and, in
the case of an Interest Period in excess of three months, on each date occurring at three-month intervals after the first day of such Interest Period, and (iii) in respect of each Loan, (A) on any prepayment in respect thereof, (B) at
maturity (whether by acceleration or otherwise), and (C) after such maturity, on demand. 
 (e) All computations of interest hereunder
shall be made in accordance with Section 5.5. 
 (f) The Administrative Agent, upon determining the interest rate
for any Borrowing of LIBOR Loans, shall promptly notify the Borrower and the relevant Lenders thereof. Each such determination shall, absent clearly demonstrable error, be final and conclusive and binding on all parties hereto. 

2.9 Interest Periods. At the time the Borrower gives a Notice of Borrowing or Notice of Conversion or Continuation in respect of the
making of, or conversion into or continuation as, a Borrowing of LIBOR Loans in accordance with Section 2.6(a), the Borrower shall give the Administrative Agent written notice of the Interest Period applicable to such
Borrowing, which Interest Period shall, at the option of the Borrower, be a one, two, three or six month period (or if available to all the Lenders making such LIBOR Loans as determined by such Lenders in good faith based on prevailing market
conditions, a twelve month or shorter period); provided that the initial Interest Period applicable to the Loans funded on the Closing Date will commence on the Closing Date and end on December 31, 2019. 

Notwithstanding anything to the contrary contained above: 

(a) the initial Interest Period for any Borrowing of LIBOR Loans shall commence on the date of such Borrowing (including the date of any
conversion from a Borrowing of ABR Loans) and each Interest Period occurring thereafter in respect of such Borrowing shall commence on the day on which the next preceding Interest Period expires; 

(b) if any Interest Period relating to a Borrowing of LIBOR Loans begins on the last Business Day of a calendar month or begins on a day for
which there is no numerically corresponding day in the calendar month at the end of such Interest Period, such Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; 

(c) if any Interest Period would otherwise expire on a day that is not a Business Day, such Interest Period shall expire on the next succeeding
Business Day; provided that if any Interest Period in respect of a LIBOR Loan would otherwise expire on a day that is not a Business Day but is a day of the month after which no further Business Day occurs in such month, such Interest Period
shall expire on the immediately preceding Business Day; and 
 (d) the Borrower shall not be entitled to elect any Interest Period in respect
of any LIBOR Loan if such Interest Period would extend beyond the Maturity Date of such Loan. 

  
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 2.10 Increased Costs, Illegality, Replacement of LIBOR, Etc. 

(a) In the event that (x) in the case of clause (i) below, the Administrative Agent and (y) in the case of
clauses (ii) and (iii) below, the Required Lenders shall have reasonably determined (which determination shall, absent clearly demonstrable error, be final and conclusive and binding upon all parties hereto):

 (i) on any date for determining the Adjusted LIBOR Rate for any Interest Period that (x) deposits in the principal
amounts and currencies of the Loans comprising such LIBOR Borrowing are not generally available in the relevant market or (y) by reason of any changes arising on or after the Closing Date affecting the interbank LIBOR market, adequate and fair
means do not exist for ascertaining the applicable interest rate on the basis provided for in the definition of Adjusted LIBOR Rate; or 

(ii) at any time, that such Lenders shall incur increased costs or reductions in the amounts received or receivable hereunder
with respect to any LIBOR Loans (including any increased costs or reductions attributable to Taxes, other than any increase or reduction attributable to Indemnified Taxes, Excluded Taxes or Other Taxes) because of any Change in Law; or 

(iii) at any time, that the making or continuance of any LIBOR Loan has become unlawful by compliance by such Lenders in good
faith with any law, governmental rule, regulation, guideline or order (or would conflict with any such governmental rule, regulation, guideline or order not having the force of law even though the failure to comply therewith would not be unlawful),
or has become impracticable as a result of a contingency occurring after the Closing Date that materially and adversely affects the interbank LIBOR market; 

(such Loans, “Impacted Loans”), then, and in any such event, the Required Lenders (or the Administrative Agent, in the case of
clause (i) above) shall within a reasonable time thereafter give notice (if by telephone, confirmed in writing) to the Borrower and to the Administrative Agent of such determination (which notice the Administrative Agent
shall promptly transmit to each of the other Lenders). Thereafter (x) in the case of clause (i) above, LIBOR Loans shall no longer be available until such time as the Administrative Agent notifies the Borrower and the
Lenders that the circumstances giving rise to such notice by the Administrative Agent no longer exist (which notice the Administrative Agent agrees to give at such time when such circumstances no longer exist), and any Notice of Borrowing or Notice
of Conversion or Continuation given by the Borrower with respect to LIBOR Loans that have not yet been incurred shall be deemed rescinded by the Borrower, (y) in the case of clause (ii) above, the Borrower shall pay to
such Lenders, promptly after receipt of written demand therefor such additional amounts (in the form of an increased rate of, or a different method of calculating, interest or otherwise as such Required Lenders in their reasonable discretion shall
determine) as shall be required to compensate such Lenders for such actual increased costs or reductions in amounts receivable hereunder (it being agreed that a written notice as to the additional amounts owed to such Lenders, showing in reasonable
detail the basis for the calculation thereof, submitted to the Borrower by such Lenders shall, absent clearly demonstrable error, be final and conclusive and binding upon all parties hereto), and (z) in the case of
clause (iii) above, the Borrower shall take one of the actions specified in clause (x) or (y), as applicable, of Section 2.10(b) promptly and, in any event, within
the time period required by law. 
 Notwithstanding the foregoing, if the Administrative Agent has made the determination described in
Section 2.10(a)(i)(x), the Administrative Agent, in consultation with the Borrower and the affected Lenders, may establish an alternative interest rate for the Impacted Loans, in which case, such alternative rate of
interest shall apply with respect to the Impacted Loans until (1) the Administrative Agent revokes 

  
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the notice delivered with respect to the Impacted Loans under clause (x) of the first sentence of the immediately preceding paragraph, (2) the Administrative Agent
or the affected Lenders notify the Administrative Agent and the Borrower that such alternative interest rate does not adequately and fairly reflect the cost to such Lenders of funding the Impacted Loans, or (3) any Lender determines that any
Requirements of Law have made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for such Lender or its applicable lending office to make, maintain or fund Loans whose interest is determined by reference to such
alternative rate of interest or to determine or charge interest rates based upon such rate or any Governmental Authority has imposed material restrictions on the authority of such Lender to do any of the foregoing and provides the Administrative
Agent and the Borrower written notice thereof. 
 (b) At any time that any LIBOR Loan is affected by the circumstances described in
Section 2.10(a)(ii) or (iii), the Borrower may (and in the case of a LIBOR Loan affected pursuant to Section 2.10(a)(iii) shall) either (x) if a Notice of Borrowing or Notice of
Conversion or Continuation with respect to the affected LIBOR Loan has been submitted pursuant to Section 2.3 or Section 2.6 but the affected LIBOR Loan has not been funded or continued, cancel
such requested Borrowing by giving the Administrative Agent written notice thereof on the same date that the Borrower was notified by Lenders pursuant to Section 2.10(a)(ii) or (iii) or (y) if the affected
LIBOR Loan is then outstanding and denominated in Dollars, upon at least three Business Days’ notice to the Administrative Agent, require the affected Lender to convert each such LIBOR Loan into an ABR Loan; provided that if more than
one Lender is affected at any time, then all affected Lenders must be treated in the same manner pursuant to this Section 2.10(b). 

(c) If, after the Closing Date, any Change in Law relating to capital adequacy or liquidity of any Lender or compliance by any Lender or its
parent with any Change in Law relating to capital adequacy or liquidity occurring after the Closing Date, has or would have the effect of reducing the actual rate of return on such Lender’s or its parent’s or its Affiliate’s capital
or assets as a consequence of such Lender’s commitments or obligations hereunder to a level below that which such Lender or its parent or its Affiliate could have achieved but for such Change in Law (taking into consideration such Lender’s
or its parent’s policies with respect to capital adequacy or liquidity), then from time to time, promptly after written demand by such Lender (with a copy to the Administrative Agent), the Borrower shall pay to such Lender such actual
additional amount or amounts as will compensate such Lender or its parent for such actual reduction, it being understood and agreed, however, that a Lender shall not be entitled to such compensation as a result of such Lender’s compliance with,
or pursuant to any request or directive to comply with, any law, rule or regulation as in effect on the Closing Date or to the extent such Lender is not imposing such charges on, or requesting such compensation from, borrowers (similarly situated to
the Borrower hereunder) under comparable syndicated credit facilities similar to the Credit Facility. Each Lender, upon determining in good faith that any additional amounts will be payable pursuant to this Section 2.10(c),
will give prompt written notice thereof to the Borrower, which notice shall set forth in reasonable detail the basis of the calculation of such additional amounts, although the failure to give any such notice shall not, subject to
Section 2.13, release or diminish the Borrower’s obligations to pay additional amounts pursuant to this Section 2.10(c) promptly following receipt of such notice. 

(d) If the Administrative Agent shall have received notice from the Required Lenders that the Adjusted LIBOR Rate determined or to be
determined for such Interest Period will not adequately and fairly reflect the cost to such Lenders (as certified by such Lenders) of making or maintaining its affected LIBOR Loans during such Interest Period, the Administrative Agent shall give
telecopy or telephonic notice thereof to the Borrower and the Lenders as soon as practicable thereafter (which notice shall include supporting calculations in reasonable detail). If such notice is given, (i) any LIBOR Loan requested to be made
on the first day of such Interest Period in Dollars shall be made as an ABR Loan, (ii) any Loans denominated in Dollars that were to have been converted on the first day of such Interest 

  
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Period to LIBOR Loans shall be continued as an ABR Loan and (iii) any outstanding LIBOR Loans denominated in Dollars shall be converted, on the first day of such Interest Period, to ABR
Loans. Until such notice has been withdrawn by the Administrative Agent, no further LIBOR Loans shall be made or continued as such, nor shall the Borrower have the right to convert ABR Loans to LIBOR Loans. 

(e) [Reserved]. 
 (f)
Notwithstanding anything to the contrary in this Agreement or any other Credit Document, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrower or Required Lenders notify the
Administrative Agent in writing (with, in the case of the Required Lenders, a copy to Borrower) that the Borrower or Required Lenders (as applicable) have determined, that: 

(i) adequate and reasonable means do not exist for ascertaining LIBOR for any requested Interest Period, including, without
limitation, because the LIBOR is not available or published on a current basis and such circumstances are unlikely to be temporary; or 

(ii) the administrator of the LIBOR or a Governmental Authority having jurisdiction over the Administrative Agent or the
administrator of the LIBOR has made a public statement identifying a specific date after which LIBOR shall no longer be made available, or used for determining the interest rate of loans (such specific date, the “Scheduled Unavailability
Date”); or 
 (iii) syndicated loans currently being executed, or that include language similar to that contained in
this Section, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR, 
 then, reasonably
promptly after such determination by the Administrative Agent or receipt by the Administrative Agent of such notice, as applicable, the Administrative Agent and the Borrower may amend this Agreement to replace LIBOR with an alternate benchmark rate
(including any mathematical or other adjustments to the benchmark (if any) incorporated therein), giving due consideration to any evolving or then existing convention for similar Dollar denominated syndicated credit facilities for such alternative
benchmarks (any such proposed rate, a “LIBOR Successor Rate”), together with any proposed LIBOR Successor Rate Conforming Changes and any such amendment shall become effective at 5:00 p.m. (New York time) on the fifth Business Day
after the Administrative Agent shall have posted such proposed amendment to all Lenders and the Borrower unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required
Lenders do not accept such amendment; provided that, in each case, any such alternate benchmark rate shall be administratively feasible as determined by the Administrative Agent in its sole discretion consistent with the treatment of other similarly
situated borrowers. 
 If no LIBOR Successor Rate has been determined and the circumstances under clause (i) above exist or the
Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain LIBOR Rate Loans shall be suspended (to
the extent of the affected LIBOR Rate Loans or Interest Periods), and (y) the LIBOR Rate component shall no longer be utilized in determining the ABR. Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of,
conversion to or continuation of LIBOR Rate Loans (to the extent of the affected LIBOR Rate Loans or Interest Periods) or, failing that will be deemed to have converted such request into a request for a Borrowing of ABR Loans (subject to the
foregoing clause (y)) in the amount specified therein. 

  
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 Notwithstanding anything else herein, any definition of LIBOR Successor Rate shall provide
that in no event shall such LIBOR Successor Rate be less than zero for purposes of this Agreement 
 2.11 Compensation. If
(a) any payment of principal of any LIBOR Loan is made by the Borrower to or for the account of a Lender other than on the last day of the Interest Period for such LIBOR Loan as a result of a payment or conversion pursuant to
Sections 2.5, 2.6, 2.10, 5.1, 5.2 or 13.7, as a result of acceleration of the maturity of the Loans pursuant to Section 11 or for any other reason, (b) any
Borrowing of LIBOR Loans is not made as a result of a withdrawn Notice of Borrowing or a failure to satisfy borrowing conditions, (c) any ABR Loan is not converted into a LIBOR Loan as a result of a withdrawn Notice of Conversion or
Continuation, (d) any LIBOR Loan is not continued as a LIBOR Loan, as the case may be, as a result of a withdrawn Notice of Conversion or Continuation or (e) any prepayment of principal of any LIBOR Loan is not made as a result of a
withdrawn notice of prepayment pursuant to Sections 5.1 or 5.2, the Borrower shall, after receipt of a written request by such Lender (which request shall set forth in reasonable detail the basis for requesting such
amount), promptly pay to the Administrative Agent for the account of such Lender any amounts required to compensate such Lender for any additional losses, costs or expenses that such Lender may reasonably incur as a result of such payment, failure
to convert, failure to continue or failure to prepay, including any loss, cost or expense (excluding loss of anticipated profits) actually incurred by reason of the liquidation or reemployment of deposits or other funds acquired by any Lender to
fund or maintain such LIBOR Loan. A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender as specified in this Section 2.11 and setting forth in reasonable detail the manner in
which such amount or amounts were determined shall be delivered to the Borrower and shall be conclusive, absent manifest error. The obligations of the Borrower under this Section 2.11 shall survive the payment in full of
the Loans and the termination of this Agreement. 
 2.12 Change of Lending Office. Each Lender agrees that, upon the occurrence of any
event giving rise to the operation of Sections 2.10(a)(ii), 2.10(a)(iii), 2.10(b), 3.5 or 5.4 with respect to such Lender, it will, if requested by the Borrower, use reasonable efforts (subject
to overall policy considerations of such Lender) to designate another lending office for any Loans affected by such event; provided that such designation is made on such terms that such Lender and its lending office suffer no unreimbursed
cost or other material economic, legal or regulatory disadvantage, with the object of avoiding the consequence of the event giving rise to the operation of any such Section. Nothing in this Section 2.12 shall affect or
postpone any of the obligations of the Borrower or the right of any Lender provided in Sections 2.10, 3.5 or 5.4. 

2.13 Notice of Certain Costs. Notwithstanding anything in this Agreement to the contrary, to the extent any notice required by
Sections 2.10, 2.11 or 3.5 is given by any Lender more than 120 days after such Lender has knowledge (or should have had knowledge) of the occurrence of the event giving rise to the additional cost,
reduction in amounts, loss, or other additional amounts described in such Sections, such Lender shall not be entitled to compensation under Sections 2.10, 2.11 or 3.5, as the case may be, for any such amounts
incurred or accruing prior to the 121st day prior to the giving of such notice to the Borrower. 
 2.14 Incremental Facilities.

 (a) The Borrower may, by written notice to Administrative Agent, elect to request the establishment of one or more additional tranches of
term loans or increases in Term Loans of any Class (the commitments thereto, the “New Term Loan Commitments”), by an aggregate amount not in excess of the Maximum Incremental Facilities Amount in the aggregate and not less than
$5,000,000 individually (or such lesser amount as (x) may be approved by the Administrative Agent or (y) shall constitute the difference between the Maximum Incremental Facilities Amount and all such New Term

  
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Loan Commitments obtained on or prior to such date). The Borrower may approach any Lender or any Person (other than a natural Person) to provide all or a portion of the New Term Loan Commitments;
provided that any Lender offered or approached to provide all or a portion of the New Term Loan Commitments may elect or decline, in its sole discretion, to provide a New Term Loan Commitment. In each case, such New Term Loan Commitments
shall become effective as of the applicable Increased Amount Date; provided that (i) no Event of Default shall exist on such Increased Amount Date before or after giving effect to such New Term Loan Commitments as applicable (or, in
connection with a Limited Condition Transaction, at the time of such Increased Amount Date or, if earlier, the applicable LCT Test Date, so long as there is no Event of Default under Section 11.1(a) or
Section 11.1(e) on such applicable LCT Test Date) and (ii) the New Term Loan Commitments shall be effected pursuant to one or more Joinder Agreements executed and delivered by the Borrower and Administrative Agent, and
each of which shall be recorded in the Register and shall be subject to the requirements set forth in Section 5.4(e). Any New Term Loans made on an Increased Amount Date shall, at the election of the Borrower and agreed to
by Lenders providing such New Term Loan Commitments, be designated as (a) a separate series (a “Series”) of New Term Loans for all purposes of this Agreement or (b) as part of a Series of existing Term Loans for all
purposes of this Agreement. 
 (b) [Reserved]. 

(c) On any Increased Amount Date on which any New Term Loan Commitments of any Series are effective, subject to the satisfaction of the
foregoing terms and conditions, (i) each Lender with a New Term Loan Commitment (each, a “New Term Loan Lender”) of any Series shall make a Loan to the Borrower (a “New Term Loan”) in an amount
equal to its New Term Loan Commitment of such Series, and (ii) each New Term Loan Lender of any Series shall become a Lender hereunder with respect to the New Term Loan Commitment of such Series and the New Term Loans of such Series made
pursuant thereto. 
 (d) The terms and provisions of the New Term Loans and New Term Loan Commitments of any Series shall be on terms and
documentation set forth in the Joinder Agreement as determined by the Borrower; provided that (i) the applicable New Term Loan Maturity Date of each Series shall be no earlier than the Initial Term Loan Maturity Date; (ii) the
weighted average life to maturity of all New Term Loans shall be no shorter than the weighted average life to maturity (without giving effect to prepayments) of the Initial Term Loans; (iii) the pricing, interest rate margins, discounts,
premiums, rate floors, fees, and amortization schedule applicable to any New Term Loans shall be determined by the Borrower and the Lenders thereunder; provided that clauses (i) and (ii) shall not apply
to (I) any customary bridge facility so long as the long-term debt into which any such customary bridge facility is to be converted satisfies clauses (i) and (ii), (II) up to the greater of (x) $228,000,000 and (y) 100% of
Consolidated EBITDA for the most recently ended Test Period (on a Pro Forma Basis) prior to such date of determination of New Term Loans (as elected by the Borrower) or (III) any New Term Loans incurred in connection with a Permitted
Acquisition or Investment permitted hereunder; provided, further, that, other than with respect to up to the greater of (x) $228,000,000 and (y) 100% of Consolidated EBITDA for the most recently ended Test Period (on a Pro Forma
Basis) prior to such date of determination of New Term Loans (as elected by the Borrower), with respect to any broadly syndicated New Term Loan denominated in Dollars consisting of term loans incurred pursuant to clause (a)(1) of the
definition of Maximum Incremental Facilities Amount that (I) ranks equal in right of payment and is secured by the Collateral on a pari passu basis with the Initial Term Loans, (II) matures earlier than two (2) years after the Initial
Term Loan Maturity Date or (III) is not incurred in connection with a Permitted Acquisition or other Investment, only during the period commencing on the Closing Date and ending on the date that is 6 months after the Closing Date, if the
Effective Yield for LIBOR Loans or ABR Loans in respect of such New Term Loans exceeds the Effective Yield for LIBOR Loans or ABR Loans, respectively, in respect of the Initial Term Loans by more than 1.00%, the Applicable Margin for LIBOR Loans or
ABR Loans in respect of the Initial Term Loans shall be adjusted so that the Effective Yield in respect of the Initial Term Loans is equal to the Effective Yield for LIBOR Loans or ABR Loans in respect of the New Term Loans minus 1.00%. 

  
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 (e) [Reserved]. 

(f) Each Joinder Agreement may, without the consent of any other Lenders, effect technical and corresponding amendments to this Agreement and
the other Credit Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent, to effect the provision of this Section 2.14. 

(g) (i) The Borrower may at any time, and from time to time, request that all or a portion of the Term Loans of any Class (an “Existing
Term Loan Class”) be converted to extend the scheduled maturity date(s) of any payment of principal with respect to all or a portion of any principal amount of such Term Loans (any such Term Loans which have been so converted,
“Extended Term Loans”) and to provide for other terms consistent with this Section 2.14(g). In order to establish any Extended Term Loans, the Borrower shall provide a notice to the Administrative Agent
(who shall provide a copy of such notice to each of the Lenders of the applicable Existing Term Loan Class which such request shall be offered equally to all such Lenders) (a “Term Loan Extension Request”) setting forth
the proposed terms of the Extended Term Loans to be established, which shall be on terms to be agreed between the Borrower and the Lender providing such Extended Term Loan; provided, however, that (x) the scheduled final maturity
date shall be extended and all or any of the scheduled amortization payments of principal of the Extended Term Loans may be delayed to later dates than the scheduled amortization of principal of the Term Loans of such Existing Term Loan Class (with
any such delay resulting in a corresponding adjustment to the scheduled amortization payments reflected in Section 2.5 or in the Joinder Agreement, as the case may be, with respect to the Existing Term Loan Class from
which such Extended Term Loans were converted, in each case as more particularly set forth in paragraph (iv) of this Section 2.14(g) below), and (y) (A) the interest margins with respect to the Extended Term
Loans may be higher or lower than the interest margins for the Term Loans of such Existing Term Loan Class and/or (B) additional fees, premiums or applicable high-yield discount obligation (“AHYDO”) payments may be payable
to the Lenders providing such Extended Term Loans in addition to or in lieu of any increased margins contemplated by the preceding clause (A), in each case, to the extent provided in the applicable Extension Amendment.
Notwithstanding anything to the contrary in this Section 2.14 or otherwise, no Extended Term Loans may be optionally prepaid prior to the date on which the Existing Term Loan Class from which they were converted is
repaid in full, except in accordance with the last sentence of Section 5.1(a). No Lender shall have any obligation to agree to have any of its Term Loans of any Existing Term Loan Class converted into Extended Term
Loans pursuant to any Extension Request. Any Extended Term Loans of any Extension Series shall constitute a separate Class of Term Loans from the Existing Term Loan Class from which they were converted. 

(ii) [Reserved]. 

(iii) Any Lender (an “Extending Lender”) wishing to have all or a portion of its Term Loans converted into
Extended Term Loans shall notify the Administrative Agent (an “Extension Election”) on or prior to the date specified in such Extension Request of the amount of its Term Loans of the Existing Term Loan Class or Existing Term
Loan Classes subject to such Extension Request that it has elected to convert into Extended Term Loans. In the event that the aggregate amount of Term Loans of the Existing Term Loan Class or Existing Term Loan Classes subject to Extension
Elections exceeds the amount of Extended Term Loans requested pursuant to the Extension Request, Term Loans of the Existing Term Loan Class or Existing Term Loan Classes subject to Extension Elections shall be converted to Extended Term Loans
on a pro rata basis based on the amount of Term Loans included in each such Extension Election. 

  
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 (iv) Extended Term Loans shall be established pursuant to an amendment (an
“Extension Amendment”) to this Agreement (which, except to the extent expressly contemplated by the penultimate sentence of this Section 2.14(g)(iv) and notwithstanding anything to the contrary set forth in
Section 13.1, shall not require the consent of any Lender other than the Extending Lenders with respect to the Extended Term Loans established thereby) executed by the Credit Parties, the Administrative Agent and the
Extending Lenders. No Extension Amendment shall provide for any tranche of Extended Term Loans in an aggregate principal amount that is less than $10,000,000. In addition to any terms and changes required or permitted by
Section 2.14(g)(i), each Extension Amendment (x) shall amend the scheduled amortization payments pursuant to Section 2.5 or the applicable Joinder Agreement with respect to the Existing Term
Loan Class from which the Extended Term Loans were converted to reduce each scheduled Repayment Amount for the Existing Term Loan Class in the same proportion as the amount of Term Loans of the Existing Term Loan Class is to be
converted pursuant to such Extension Amendment (it being understood that the amount of any Repayment Amount payable with respect to any individual Term Loan of such Existing Term Loan Class that is not an Extended Term Loan shall not be reduced
as a result thereof) and (y) may, but shall not be required to, impose additional requirements (not inconsistent with the provisions of this Agreement in effect at such time) with respect to the final maturity and weighted average life to
maturity of New Term Loans incurred following the date of such Extension Amendment. Notwithstanding anything to the contrary in this Section 2.14(g) and without limiting the generality or applicability of
Section 13.1 to any Section 2.14 Additional Amendments, any Extension Amendment may provide for additional terms and/or additional amendments other than those referred to or contemplated above (any
such additional amendment, a “Section 2.14 Additional Amendment”) to this Agreement and the other Credit Documents; provided that such Section 2.14 Additional Amendments are
within the requirements of Section 2.14(g)(i) and do not become effective prior to the time that such Section 2.14 Additional Amendments have been consented to (including, without limitation,
pursuant to (1) consents applicable to holders of New Term Loans provided for in any Joinder Agreement and (2) consents applicable to holders of any Extended Term Loans provided for in any Extension Amendment) by such of the Lenders,
Credit Parties and other parties (if any) as may be required in order for such Section 2.14 Additional Amendments to become effective in accordance with Section 13.1. 

(v) Notwithstanding anything to the contrary contained in this Agreement, on any date on which any Existing Term Loan
Class is converted to extend the related scheduled maturity date(s) in accordance with clause (i) above, the aggregate principal amount of such existing Term Loans shall be deemed reduced by an amount equal to the
aggregate principal amount of Extended Term Loans so converted by such Lender on such date, and the Extended Term Loans shall be established as a separate Class of Term Loans (together with any other Extended Term Loans so established on such
date). 
 (vi) The Administrative Agent and the Lenders hereby consent to the consummation of the transactions contemplated
by this Section 2.14 (including, for the avoidance of doubt, payment of any interest, fees, or premium in respect of any Extended Term Loans on such terms as may be set forth in the relevant Extension Amendment) and hereby
waive the requirements of any provision of this Agreement (including, without limitation, any pro rata payment or amendment section) or any other Credit Document that may otherwise prohibit or restrict any such extension or any other
transaction contemplated by this Section 2.14. 

  
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 2.15 Permitted Debt Exchanges. 

(a) Notwithstanding anything to the contrary contained in this Agreement, pursuant to one or more offers (each, a “Permitted Debt
Exchange Offer”) made from time to time by the Borrower, the Borrower may from time to time following the Closing Date consummate one or more exchanges of Term Loans for Permitted Other Indebtedness in the form of notes (such notes,
“Permitted Debt Exchange Notes”, and each such exchange a “Permitted Debt Exchange”), so long as the following conditions are satisfied: (i) no Event of Default shall have occurred and be continuing at
the time the final offering document in respect of a Permitted Debt Exchange Offer is delivered to the relevant Lenders, (ii) the aggregate principal amount (calculated on the face amount thereof) of Term Loans exchanged shall equal no more
than the aggregate principal amount (calculated on the face amount thereof) of Permitted Debt Exchange Notes issued in exchange for such Term Loans; provided that the aggregate principal amount of the Permitted Debt Exchange Notes may include
accrued interest and premium (if any) under the Term Loans exchanged and underwriting discounts, fees, commissions and expenses in connection with the issuance of such Permitted Debt Exchange Notes, (iii) the aggregate principal amount
(calculated on the face amount thereof) of all Term Loans exchanged under each applicable Class by the Borrower pursuant to any Permitted Debt Exchange shall automatically be cancelled and retired by the Borrower on the date of the settlement
thereof (and, if requested by the Administrative Agent, any applicable exchanging Lender shall execute and deliver to the Administrative Agent an Assignment and Acceptance, or such other form as may be reasonably requested by the Administrative
Agent, in respect thereof pursuant to which the respective Lender assigns its interest in the Term Loans being exchanged pursuant to the Permitted Debt Exchange to the Borrower for immediate cancellation), (iv) if the aggregate principal amount
of all Term Loans of a given Class (calculated on the face amount thereof) tendered by Lenders in respect of the relevant Permitted Debt Exchange Offer (with no Lender being permitted to tender a principal amount of Term Loans which exceeds the
principal amount thereof of the applicable Class actually held by it) shall exceed the maximum aggregate principal amount of Term Loans of such Class offered to be exchanged by the Borrower pursuant to such Permitted Debt Exchange Offer,
then the Borrower shall exchange Term Loans subject to such Permitted Debt Exchange Offer tendered by such Lenders ratably up to such maximum amount based on the respective principal amounts so tendered, (v) all documentation in respect of such
Permitted Debt Exchange shall be consistent with the foregoing, and all written communications generally directed to the Lenders in connection therewith shall be in form and substance consistent with the foregoing and made in consultation with the
Borrower and the Auction Agent and (vi) any applicable Minimum Tender Condition shall be satisfied. 
 (b) With respect to all Permitted
Debt Exchanges effected by the Borrower pursuant to this Section 2.15, (i) such Permitted Debt Exchanges (and the cancellation of the exchanged Term Loans in connection therewith) shall not constitute voluntary or
mandatory payments or prepayments for purposes of Section 5.1 or 5.2, and (ii) such Permitted Debt Exchange Offer shall be made for not less than $10,000,000 in aggregate principal amount of Term Loans;
provided that subject to the foregoing clause (ii), the Borrower may at its election specify as a condition (a “Minimum Tender Condition”) to consummating any such Permitted Debt Exchange that a
minimum amount (to be determined and specified in the relevant Permitted Debt Exchange Offer in the Borrower’s discretion) of Term Loans of any or all applicable Classes be tendered. 

(c) In connection with each Permitted Debt Exchange, the Borrower and the Auction Agent shall mutually agree to such procedures as may be
necessary or advisable to accomplish the purposes of this Section 2.15 and without conflict with Section 2.15(d); provided that the terms of any Permitted Debt Exchange Offer shall provide
that the date by which the relevant Lenders are required to indicate their election to participate in such Permitted Debt Exchange shall be not less than a reasonable period (in the discretion of the Borrower and the Auction Agent) of time following
the date on which the Permitted Debt Exchange Offer is made. 

  
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 (d) The Borrower shall be responsible for compliance with, and hereby agrees to comply with,
all applicable securities and other laws in connection with each Permitted Debt Exchange, it being understood and agreed that (x) none of the Auction Agent, the Administrative Agent nor any Lender assumes any responsibility in connection with
the Borrower’s compliance with such laws in connection with any Permitted Debt Exchange and (y) each Lender shall be solely responsible for its compliance with any applicable “insider trading” laws and regulations to which such
Lender may be subject under the Securities Exchange Act of 1934, as amended. 
 2.16 Defaulting Lenders. 

(a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then,
until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Requirements of Law: 

(i) Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or
consent with respect to this Agreement shall be restricted as set forth in the definition of Required Lenders and Section 13.1. 

(ii) Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the
Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 11 or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to
Section 13.8 shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent
hereunder; second, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as
determined by the Administrative Agent; third, if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in order to satisfy such Defaulting Lender’s potential future
funding obligations with respect to Loans under this Agreement; fourth, to the payment of any amounts owing to the Borrower or the Lenders as a result of any judgment of a court of competent jurisdiction obtained by the Borrower or any Lender
against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and fifth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided
that if (x) such payment is a payment of the principal amount of any Loans in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made at a time when the conditions set forth in
Section 7 were satisfied or waived, such payment shall be applied solely to pay the Loans of all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment
of any Loans of such Defaulting Lender until such time as all Loans are held by the Lenders pro rata in accordance with the Commitments hereunder. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are
applied (or held) to pay amounts owed by a Defaulting Lender pursuant to this Section 2.16(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii) Certain Fees. No Defaulting Lender shall be entitled to receive any fee payable under
Section 4 for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender). 

  
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 (b) Defaulting Lender Cure. If the Borrower and the Administrative Agent agree in
writing that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein, that Lender will, to the
extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary, whereupon such Lender will cease to be a Defaulting Lender;
provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and provided, further, that except to the extent
otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

Section 3. [Reserved]. 
 Section 4.
Fees. 
 4.1 Fees. 

(a) Without duplication, the Borrower agrees to pay to the Administrative Agent in Dollars, for its own account, administrative agent fees as
have been previously agreed in writing or as may be agreed in writing from time to time. 
 (b) Notwithstanding the foregoing, the Borrower
shall not be obligated to pay any amounts to any Defaulting Lender pursuant to this Section 4.1 except as otherwise provided in Section 2.16. 

4.2 [Reserved]. 
 4.3
Mandatory Termination of Commitments. 
 (a) The Initial Term Loan Commitments shall terminate on the Closing Date, contemporaneously
with the Borrowing of the Initial Term Loans. 
 (b) [Reserved]. 

(c) The New Term Loan Commitment for any Series shall, unless otherwise provided in the applicable Joinder Agreement, terminate,
contemporaneously with the Borrowing of such New Term Loans. 
 Section 5. Payments. 

5.1 Voluntary Prepayments. 

(a) The Borrower shall have the right to prepay Loans, other than as set forth in Section 5.1(b), without premium or
penalty, in whole or in part from time to time on the following terms and conditions: (1) the Borrower shall give the Administrative Agent at the Administrative Agent’s Office written notice of its intent to make such prepayment, the
amount of such prepayment and (in the case of LIBOR Loans) the specific Borrowing(s) pursuant to which made, which notice shall be given by the Borrower no later than 12:00 noon (New York City time) (i) in the case of LIBOR Loans, three
Business Days prior to and (ii) in the case of ABR Loans, on the date of such prepayment and shall promptly be transmitted by the Administrative Agent to each of the Lenders; (2) each partial prepayment of (i) any Borrowing of LIBOR
Loans shall be in a minimum amount of $5,000,000 and in multiples of $1,000,000 in excess thereof (or an amount that represents the entire remaining amount of such Borrowing or as otherwise reasonably agreed by the Administrative Agent) and
(ii) any ABR Loans shall 

  
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be in a minimum amount of $500,000 and in multiples of $100,000 in excess thereof (or an amount that represents the entire remaining amount of such Borrowing or as otherwise reasonably agreed by
the Administrative Agent), provided that no partial prepayment of LIBOR Loans made (or deemed to have been made) pursuant to a single Borrowing shall reduce the outstanding LIBOR Loans made (or deemed to have been made) pursuant to such
Borrowing to an amount less than the applicable Minimum Borrowing Amount for such LIBOR Loans , and (3) in the case of any prepayment of LIBOR Loans pursuant to this Section 5.1 on any day other than the last day of an
Interest Period applicable thereto, the Borrower shall, promptly after receipt of a written request by any applicable Lender (which request shall set forth in reasonable detail the basis for requesting such amount), pay to the Administrative Agent
for the account of such Lender any amounts required pursuant to Section 2.11. Each prepayment in respect of any Term Loans pursuant to this Section 5.1 shall be (a) applied to the
Class or Classes of Term Loans as the Borrower may specify and (b) applied to reduce Initial Term Loan Repayment Amounts, any New Term Loan Repayment Amounts, and, subject to Section 2.14(g), Extended Term Loan
Repayment Amounts, as the case may be, in each case, in such order as the Borrower may specify. At the Borrower’s election in connection with any prepayment pursuant to this Section 5.1, such prepayment shall not be
applied to any Loan of a Defaulting Lender. 
 (b) In the event that, on or prior to the six month anniversary of the Closing Date, the
Borrower (i) makes any prepayment of Initial Term Loans in connection with any Repricing Transaction the primary purpose of which is to decrease the Effective Yield on such Initial Term Loans (including any required assignment pursuant to
Section 13.7) or (ii) effects any amendment of this Agreement resulting in a Repricing Transaction the primary purpose of which is to decrease the Effective Yield on the Initial Term Loans, the Borrower shall pay to
the Administrative Agent, for the ratable account of each of the applicable Lenders, (x) in the case of clause (i), a prepayment premium of 1.00% of the principal amount of the Initial Term Loans being prepaid in
connection with such Repricing Transaction and (y) in the case of clause (ii), an amount equal to 1.00% of the aggregate amount of the applicable Initial Term Loans outstanding immediately prior to such amendment that
are subject to an effective pricing reduction pursuant to such Repricing Transaction. 
 5.2 Mandatory Prepayments. 

(a) Term Loan Prepayments. 

(i) On each occasion that a Prepayment Event occurs, the Borrower shall, within three Business Days after receipt of the Net
Cash Proceeds of a Debt Incurrence Prepayment Event (other than one covered by clause (iii) below) and within ten Business Days after the occurrence of any other Prepayment Event (or, in the case of Deferred Net Cash
Proceeds, within ten Business Days after the Deferred Net Cash Proceeds Payment Date), prepay, in accordance with clause (c) below, Term Loans with an equivalent principal amount equal to 100% of the Net Cash Proceeds from
such Prepayment Event; provided, that with respect to an Asset Sale Prepayment Event, Casualty Event or Permitted Sale Leaseback, the percentage in this Section 5.2(a)(i) shall be reduced to (i) 50% if the
Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio on the date of prepayment (prior to giving effect thereto but, at the election of the Borrower, giving effect to any prepayment described in
Section 5.2(a)(ii)(y) below and as certified by an Authorized Officer of the Borrower) for the most recent Test Period ended prior to such prepayment date is less than or equal to 2.75:1.00 and (ii) 0% if the Consolidated
First Lien Secured Debt to Consolidated EBITDA Ratio on the date of prepayment (prior to giving effect thereto but, at the election of the Borrower, giving effect to any prepayment described in Section 5.2(a)(ii)(y) below
and as certified by an Authorized Officer of the Borrower) for the most recent Test Period ended prior to such prepayment date is less than or equal to 2.25:1.00; provided, further, that, with respect to the Net Cash Proceeds of an
Asset Sale Prepayment Event or 

  
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Casualty Event, in each case solely to the extent with respect to any Collateral, the Borrower may use a portion of such Net Cash Proceeds to prepay or repurchase Indebtedness (and with such
prepaid or repurchased Indebtedness permanently extinguished) with a Lien on the Collateral ranking senior or equal with the Liens securing the Obligations to the extent any such Indebtedness requires the issuer of such Indebtedness to prepay or
make an offer to purchase such Indebtedness with the proceeds of such Prepayment Event, in each case in an amount not to exceed the product of (x) the amount of such Net Cash Proceeds multiplied by (y) a fraction, the numerator of
which is the outstanding principal amount of the Indebtedness with a Lien on the Collateral ranking senior or equal with the Liens securing the Obligations and with respect to which such a requirement to prepay or make an offer to purchase exists
and the denominator of which is the sum of the outstanding principal amount of such Indebtedness and the outstanding principal amount of Term Loans. 

(ii) Not later than ten Business Days after the date on which financial statements are required to be delivered pursuant to
Section 9.1(a) for any fiscal year (commencing with the fiscal year ending January 30, 2021), the Borrower shall prepay (or cause to be prepaid), in accordance with clause (c) below, Term
Loans with a principal amount equal to (x) 50% of Excess Cash Flow for such fiscal year; provided that (A) the percentage in this Section 5.2(a)(ii) shall be reduced to 25% if the Consolidated First Lien
Secured Debt to Consolidated EBITDA Ratio on the date of prepayment (recalculated to give pro forma effect thereto and, at the election of the Borrower, giving effect to any prepayment described in clause (y) below and as
certified by an Authorized Officer of the Borrower) for the most recent Test Period ended prior to such prepayment date is less than or equal to 3.50:1.00 but greater than 3.00:1.00 and (B) the percentage in this
Section 5.2(a)(ii) shall be reduced to 0% if the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio on the date of prepayment (recalculated to give pro forma effect thereto and, at the election of the
Borrower, giving effect to any prepayment described in clause (y) below and as certified by an Authorized Officer of the Borrower) for the most recent Test Period ended prior to such prepayment date is less than or equal to
3.00:1.00, minus, at the election of the Borrower, (y) (i) the principal amount of Term Loans voluntarily prepaid pursuant to Section 5.1 or Section 13.6 or, to the extent
permitted hereunder, voluntary prepayment of Permitted Other Indebtedness and/or voluntary prepayments of other Indebtedness secured by Liens on the Collateral on a pari passu basis or senior basis to the Liens on the Collateral
securing the Loans (including any New Term Loans) (in each case, including debt buybacks made by the Borrower and its Subsidiaries at or below par, in which case the amount of voluntary prepayments of Loans or other applicable Indebtedness shall be
deemed to be the actual purchase price paid for such Loans or other applicable Indebtedness) and the amount paid in cash in respect of any reduction in the outstanding amount of any Indebtedness resulting from the application of any “yank-a-bank” provisions, in each case during such fiscal year, subject to the immediately succeeding proviso, or after such fiscal year and prior to the date of the
required Excess Cash Flow payment (provided that, for the avoidance of doubt, any such voluntary prepayments that have not been applied to reduce the payments which may be due from time to time pursuant to this
Section 5.2(a)(ii) shall be carried over to subsequent periods, and may reduce the payments due from time to time pursuant to this Section 5.2(a)(ii) during such subsequent periods, until such time
as such voluntary prepayments reduce such payments which may be due from time to time) and (ii) to the extent accompanied by permanent reduction of commitments, optional reductions of Commitments (as defined in the ABL Credit Agreement),
Incremental Revolving Commitments (as defined in the ABL Credit Agreement) or ABL Loans, in each case, other than to the extent any such prepayment is funded with the proceeds of Funded Debt; provided that any such prepayment amount shall, at
the option of the Borrower, in each case without duplication of any such reduction from the definition of “Excess Cash Flow” by such amounts, be reduced on a
dollar-for-dollar basis for such fiscal year by the aggregate amount of clauses (ii)(b), (f), (g), (h),

  
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(i), (j), (k), (l) and (m) of the definition of “Excess Cash Flow” for such fiscal year; provided further that prepayments under
this Section 5.2(a)(ii) shall only be required if the required prepayment is in excess of the greater of (a) $23,000,000 and (b) 10% of Consolidated EBITDA for the most recently ended Test Period in the aggregate
and solely to the amount of such required prepayment in excess thereof. 
 (iii) On each occasion that Permitted Other
Indebtedness is issued or incurred pursuant to Section 10.1(w), the Borrower shall within three Business Days of receipt of the Net Cash Proceeds of such Permitted Other Indebtedness prepay, in accordance with
clause (c) below, Term Loans with a principal amount equal to 100% of the Net Cash Proceeds from such issuance or incurrence of Permitted Other Indebtedness. 

Notwithstanding any other provisions of this Section 5.2, (A) to the extent that any or all of the Net Cash
Proceeds of any Prepayment Event giving rise to a prepayment pursuant to clause (i) above or Excess Cash Flow are prohibited or delayed by any Requirements of Law from being repatriated an amount equal to the portion of
such Net Cash Proceeds or Excess Cash Flow so affected will not be required to be applied to repay Loans at the times provided in clauses (i) and (ii) above, as the case may be, but only so long, as the
applicable Requirements of Law will not permit repatriation (the Credit Parties hereby agreeing to promptly take all actions reasonably required by the applicable Requirements of Law to permit repatriation), and once a repatriation of any of such
affected Net Cash Proceeds or Excess Cash Flow is permitted under the applicable Requirements of Law, an amount equal to such Net Cash Proceeds or Excess Cash Flow will be promptly (and in any event not later than ten Business Days after such
repatriation is permitted) applied (net of any taxes or legal or other fees to repatriate funds that would be payable or reserved against if such amounts were actually repatriated whether or not they are repatriated) to the repayment of the Loans
pursuant to clauses (i) and (ii) above, as applicable, and (B) to the extent that the Borrower has determined in good faith that repatriation of any of or all such Net Cash Proceeds or any such Excess Cash
Flow would have a material adverse tax consequence with respect to such Net Cash Proceeds or Excess Cash Flow, an amount equal to the portion of such Net Cash Proceeds or Excess Cash Flow so affected may be retained by the applicable Subsidiary;
provided that in the case of this clause (B), on or before the date on which any Net Cash Proceeds so retained would otherwise have been required to be applied to reinvestments or prepayments pursuant to
clause (i) above or, in the case of Excess Cash Flow, a date on or before the date that is eighteen months after the date an amount equal to such Excess Cash Flow would have so required to be applied to prepayments pursuant
to clause (ii) above unless previously actually repatriated in which case such repatriated Excess Cash Flow shall have been promptly applied to the repayment of the Term Loans pursuant to
clause (ii) above, (x) the Borrower shall apply an amount equal to such Net Cash Proceeds or Excess Cash Flow to such reinvestments or prepayments as if such Net Cash Proceeds or Excess Cash Flow had been received by
the Credit Parties rather than such Subsidiary, less the amount of any taxes that would have been payable or reserved against if such Net Cash Proceeds or Excess Cash Flow had been repatriated to the extent such taxes are not taken into account by
the definition of Net Cash Proceeds or Excess Cash Flow, as applicable (or, if less, the Net Cash Proceeds or Excess Cash Flow that would be calculated if received by such Subsidiary) or (y) such Net Cash Proceeds or Excess Cash Flow shall be
applied to the repayment of Indebtedness. For the avoidance of doubt, nothing in this Agreement, including Section 5 shall be construed to require any Subsidiary to repatriate cash. 

(b) [Reserved]. 
 (c)
Application to Repayment Amounts. Subject to Section 5.2(f), each prepayment of Term Loans required by Section 5.2(a)(i) or (ii) shall be allocated pro rata among the
Initial Term Loans, the New Term Loans and the Extended Term Loans based on the applicable remaining Repayment Amounts due thereunder and shall be applied within each Class of Term Loans in respect of such Term Loans in

  
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direct order of maturity thereof or as otherwise directed by the Borrower; provided that if any Class of Extended Term Loans have been established hereunder, the Borrower may allocate
such prepayment in its sole discretion to the Term Loans of the Existing Term Loan Class, if any, from which such Extended Term Loans were converted (except, as to Term Loans made (or deemed to have been made) pursuant to a Joinder Agreement, as
otherwise set forth in such Joinder Agreement, or as to a Replacement Term Loan). Subject to Section 5.2(f), with respect to each such prepayment, the Borrower will, not later than the date specified in
Section 5.2(a) for making such prepayment, give the Administrative Agent written notice which shall include a calculation of the amount of such prepayment to be applied to each Class of Term Loans requesting that the
Administrative Agent provide notice of such prepayment to each Initial Term Loan Lender, New Term Loan Lender or Lender of Extended Term Loans, as applicable. 

(d) Application to Term Loans. With respect to each prepayment of Term Loans required by Section 5.2(a), the
Borrower may, if applicable, designate the Types of Loans that are to be prepaid and the specific Borrowing(s) pursuant to which made; provided, that if any Lender has provided a Rejection Notice in compliance with
Section 5.2(f), such prepayment shall be applied with respect to the Term Loans to be prepaid on a pro rata basis across all outstanding Types of such Term Loans in proportion to the percentage of such outstanding Term
Loans to be prepaid represented by each such Class. In the absence of a Rejection Notice or a designation by the Borrower as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its
reasonable discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.11. 
 (e)
[Reserved]. 
 (f) Rejection Right. The Borrower shall notify the Administrative Agent in writing of any mandatory prepayment
of Term Loans required to be made pursuant to Section 5.2(a) at least three Business Days prior to the date of such prepayment. Each such notice shall specify the date of such prepayment and provide a reasonably detailed
calculation of the amount of such prepayment. The Administrative Agent will promptly notify each Lender holding Term Loans of the contents of such prepayment notice and of such Lender’s pro rata share of the prepayment. Each Lender may
reject all (but not less than all) of its pro rata share of any mandatory prepayment other than any such mandatory prepayment with respect to a Debt Incurrence Prepayment Event under Section 5.2(a)(i) or
(iii) (such declined amounts, the “Declined Proceeds”) of Term Loans required to be made pursuant to Section 5.2(a) by providing written notice (each, a “Rejection Notice”) to the
Administrative Agent no later than 5:00 p.m. (New York City time) one Business Day after the date of such Lender’s receipt of notice from the Administrative Agent regarding such prepayment. If a Lender fails to deliver a Rejection Notice
to the Administrative Agent within the time frame specified above, any such failure will be deemed an acceptance of the total amount of such mandatory prepayment of Term Loans. Any Declined Proceeds shall be retained by the Borrower
(“Retained Declined Proceeds”). 
 5.3 Method and Place of Payment. 

(a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made by the Borrower, without set-off, counterclaim or deduction of any kind, to the Administrative Agent for the ratable account of the Lenders entitled thereto not later than 12:00 noon (New York City time) on the date when due and shall be
made in immediately available funds at the Administrative Agent’s Office or at such other office as the Administrative Agent shall specify for such purpose by notice to the Borrower, it being understood that written or facsimile notice by the
Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s account at the Administrative Agent’s Office shall constitute the making of such payment to the extent of such funds held in such account;
provided that in connection with any prepayment resulting in the Termination Date, such payment shall instead be made by 5:00 p.m. (New York City time) on the Termination Date. All 

  
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repayments or prepayments of any Loans (whether of principal, interest or otherwise) hereunder and all other payments under each Credit Document shall, unless otherwise specified in such Credit
Document, be made in Dollars. The Administrative Agent will thereafter cause to be distributed on the same day (if payment was actually received by the Administrative Agent prior to 12:00 noon (New York City time) or, otherwise, on the next Business
Day in the Administrative Agent’s sole discretion) like funds relating to the payment of principal or interest or Fees ratably to the Lenders entitled thereto. 

(b) Any payments under this Agreement that are made later than 12:00 noon (New York City time) or, as applicable, 5:00 p.m. (New York City
time) may be deemed to have been made on the next succeeding Business Day in the Administrative Agent’s sole discretion for purposes of calculating interest thereon. Except as otherwise provided herein, whenever any payment to be made hereunder
shall be stated to be due on a day that is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest shall be payable during such extension at the applicable
rate in effect immediately prior to such extension. 
 5.4 Net Payments. 

(a) Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. 

(i) A payment by or on account of any obligation of any Credit Party hereunder or under any other Credit Document shall, except
to the extent required by any applicable Requirements of Law, be made free and clear of and without reduction or withholding for any Taxes. 

(ii) If any Credit Party, the Administrative Agent or any other applicable Withholding Agent shall be required by applicable
Requirements of Law to withhold or deduct any Taxes from any payment by or on account of any obligation of any Credit Party hereunder or under any other Credit Document, then (A) such Withholding Agent shall withhold or make such deductions as
are reasonably determined by such Withholding Agent to be required by such Requirements of Law, (B) such Withholding Agent shall timely pay the full amount withheld or deducted to the relevant Governmental Authority, and (C) to the extent
that the withholding or deduction is made on account of Indemnified Taxes or Other Taxes, the sum payable by the applicable Credit Party shall be increased as necessary so that after any required withholding or deductions have been made (including
withholding or deductions applicable to additional sums payable under this Section 5.4) each Lender (or, in the case of a payment to the Administrative Agent for its own account, the Administrative Agent) receives an amount
equal to the sum it would have received had no such withholding or deductions been made. 
 (b) Payment of Other Taxes by the
Borrower. Without limiting the provisions of clause (a) above, the Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable Requirements of Law, or at the option of
the Administrative Agent or any applicable Lender, timely reimburse the Administrative Agent or any Lender for the payment of any Other Taxes. 

(c) Tax Indemnifications. Without limiting the provisions of clause (a) or (b) above, the Borrower
shall indemnify the Administrative Agent and each Lender, and shall make payment in respect thereof within 15 days after receipt of written demand therefor, for the full amount of Indemnified Taxes or Other Taxes (including Indemnified Taxes or
Other Taxes imposed or asserted on or attributable to amounts payable under this Section 5.4) payable or paid by the Administrative Agent or such Lender, as the case may be, and any reasonable expenses arising therefrom or
with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant 

  
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Governmental Authority. A certificate as to the amount of any such payment or liability (along with a written statement setting forth in reasonable detail the basis and calculation of such
amounts) delivered to the Borrower by a Lender acting reasonably and in good faith, or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. If the Borrower reasonably believes that any
such Indemnified Taxes or Other Taxes were not correctly or legally asserted, the Administrative Agent and/or each affected Lender will use reasonable efforts to cooperate with the Borrower in pursuing a refund of such Indemnified Taxes or Other
Taxes so long as such efforts would not, in the sole determination of the Administrative Agent or affected Lender, result in any additional costs, expenses or risks or be otherwise disadvantageous to it. 

(d) Evidence of Payments. After any payment of Taxes by any Credit Party or the Administrative Agent to a Governmental Authority as
provided in this Section 5.4, the Borrower shall deliver to the Administrative Agent or the Administrative Agent shall deliver to the Borrower, as the case may be, the original or a certified copy of a receipt issued by
such Governmental Authority evidencing such payment, a copy of any return required by Requirements of Law to report such payment or other evidence of such payment reasonably satisfactory to the Borrower or the Administrative Agent, as the case may
be. 
 (e) Status of Lenders and Tax Documentation. 

(i) Each Lender shall deliver to the Borrower and to the Administrative Agent, at such time or times reasonably requested by
the Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by applicable Requirements of Law or by the taxing authorities of any jurisdiction and such other reasonably requested information as will permit
the Borrower or the Administrative Agent, as the case may be, to determine (A) whether or not any payments made hereunder or under any other Credit Document are subject to Taxes, (B) if applicable, the required rate of withholding or
deduction, and (C) such Lender’s entitlement to any available exemption from, or reduction of, applicable Taxes in respect of any payments to be made to such Lender by any Credit Party pursuant to any Credit Document or otherwise to
establish such Lender’s status for withholding tax purposes in the applicable jurisdiction. Any documentation and information required to be delivered by a Lender pursuant to this Section 5.4(e) (including any specific
documentation set forth in subsection (ii) below) shall be delivered by such Lender (i) on or prior to the Closing Date (or on or prior to the date it becomes a party to this Agreement), (ii) on or before any date on which such
documentation expires or becomes obsolete or invalid, (iii) after the occurrence of any change in the Lender’s circumstances requiring a change in the most recent documentation previously delivered by it to the Borrower and the
Administrative Agent, and (iv) from time to time thereafter if reasonably requested by the Borrower or the Administrative Agent, and each such Lender shall promptly notify in writing the Borrower and the Administrative Agent if such Lender is
no longer legally eligible to provide any documentation previously provided. 
 (ii) Without limiting the generality of the
foregoing: 
 (A) any Lender that is a “United States person” within the meaning of Section 7701(a)(30) of the
Code (a “U.S. Lender”) shall deliver to the Borrower and the Administrative Agent executed originals of Internal Revenue Service Form W-9 or such other documentation or information
prescribed by applicable laws or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent, as the case may be, to determine whether or not such Lender is subject to backup withholding
tax or information reporting requirements; 

  
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 (B) each Non-U.S. Lender that is
entitled under the Code or any applicable treaty to an exemption from or reduction of U.S. federal withholding tax with respect to any payments hereunder or under any other Credit Document shall deliver to the Borrower and the Administrative Agent
(in such number of copies as shall be requested by the recipient) whichever of the following is applicable: 
 (1) executed
originals of Internal Revenue Service Form W-8BEN or Form W-8BEN-E (or any applicable successor form) claiming eligibility for
benefits of an income tax treaty to which the United States is a party; 
 (2) executed originals of Internal Revenue
Service Form W-8ECI (or any successor form thereto); 
 (3) in the case of a Non-U.S. Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate, substantially in the form of Exhibit J-1, J-2, J-3 or J-4, as applicable, (a
“Non-Bank Tax Certificate”), to the effect that such Non-U.S. Lender is not (A) a “bank” within the meaning of
Section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in
Section 881(c)(3)(C) of the Code and that no payments under any Credit Document are effectively connected with such Non-U.S. Lender’s conduct of a United States trade or business and
(y) executed originals of Internal Revenue Service Form W-8BEN or Form W-8BEN-E (or any applicable successor form); 

(4) where such Lender is a partnership (for U.S. federal income tax purposes) or otherwise not a beneficial owner (e.g., where
such Lender has sold a participation), Internal Revenue Service Form W-8IMY (or any successor thereto) and all required supporting documentation (including, where one or more of the underlying beneficial
owner(s) is claiming the benefits of the portfolio interest exemption, a Non-Bank Tax Certificate of such beneficial owner(s)) (provided that, if the
Non-U.S. Lender is a partnership and not a participating Lender, the Non-Bank Tax Certificate(s) may be provided by the Non-U.S.
Lender on behalf of the direct or indirect partner(s)); or 
 (5) executed originals of any other form prescribed by
applicable laws as a basis for claiming exemption from or a reduction in United States federal withholding tax together with such supplementary documentation as may be prescribed by applicable laws to permit the Borrower or the Administrative Agent
to determine the withholding or deduction required to be made; 
 (C) if a payment made to a Lender under any Credit Document
would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as
applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by
applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative
Agent to comply with their obligations under FATCA, 

  
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to determine whether such Lender has complied with such Lender’s obligations under FATCA or to determine the amount, if any, to deduct and withhold from such payment. Solely for purposes of
this clause (B), “FATCA” shall include any amendments made to FATCA after the date of this Agreement; and 

(D) if the Administrative Agent is a “United States person” (as defined in Section 7701(a)(30) of the Code), it
shall provide the Borrower with two duly completed original copies of Internal Revenue Service Form W-9. If the Administrative Agent is not a “United States person” (as defined in
Section 7701(a)(30) of the Code), it shall provide an applicable Form W-8 (together with required accompanying documentation) with respect to payments to be received by it on behalf of the Lenders. 

(iii) Notwithstanding anything to the contrary in this Section 5.4, no Lender shall be required to
deliver any documentation that it is not legally eligible to deliver. 
 (iv) Each Lender hereby authorizes the
Administrative Agent to deliver to the Credit Parties and to any successor Administrative Agent any documentation provided by such Lender to the Administrative Agent pursuant to this Section 5.4(e). 

(f) Treatment of Certain Refunds. If the Administrative Agent or any Lender determines, in its sole reasonable discretion exercised in
good faith, that it has received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by any Credit Party or with respect to which any Credit Party has paid additional amounts pursuant to this
Section 5.4, the Administrative Agent or such Lender (as applicable) shall promptly pay to the Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the
Credit Parties under this Section 5.4 with respect to the Indemnified Taxes or Other Taxes giving rise to such refund), net of all
out-of-pocket expenses (including any Taxes) reasonably incurred by the Administrative Agent or such Lender, as the case may be, and without interest (other than any
interest paid by the relevant Governmental Authority with respect to such refund); provided that the Borrower, upon the request of the Administrative Agent or such Lender, shall repay the amount paid over to the Borrower (plus any penalties,
interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. In such event,
the Administrative Agent or such Lender, as the case may be, shall, at the Borrower’s request, provide the Borrower with a copy of any notice of assessment or other evidence of the requirement to repay such refund received from the relevant
taxing authority (provided that the Administrative Agent or such Lender may delete any information therein that it deems confidential). Notwithstanding anything to the contrary in this clause (f), in no event will
the Administrative Agent or any Lender be required to pay any amount to an indemnifying party pursuant to this clause (f) the payment of which would place the Administrative Agent or any Lender in a less favorable net after-Tax position than the Administrative Agent or any Lender would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the
indemnification payments or additional amounts with respect to such Tax had never been paid. This clause (f) shall not be construed to require the Administrative Agent or any Lender to make available its Tax returns (or any other
information relating to its Taxes that it deems confidential) to any Credit Party or any other Person. 
 (g) [reserved]; 

(h) [reserved]; 

  
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 (i) For the avoidance of doubt, for purposes of this Section 5.4,
the term “Requirements of Law” includes FATCA. 
 (j) Each party’s obligations under this
Section 5.4 shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or
discharge of all obligations under the Credit Documents. 
 5.5 Computations of Interest and Fees. 

(a) All computations of interest for ABR Loans (including ABR Loans determined by reference to the LIBOR Rate) shall be made on the basis of a
year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more
fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). 
 (b)
Fees shall be calculated on the basis of a 360-day year for the actual days elapsed. 
 5.6 Limit
on Rate of Interest. 
 (a) No Payment Shall Exceed Lawful Rate. Notwithstanding any other term of this Agreement, the Borrower
shall not be obliged to pay any interest or other amounts under or in connection with this Agreement or otherwise in respect of the Obligations in excess of the amount or rate permitted under or consistent with any applicable law, rule or
regulation. 
 (b) Payment at Highest Lawful Rate. If the Borrower is not obliged to make a payment that it would otherwise be
required to make, as a result of Section 5.6(a), the Borrower shall make such payment to the maximum extent permitted by or consistent with applicable laws, rules, and regulations. 

(c) Adjustment if Any Payment Exceeds Lawful Rate. If any provision of this Agreement or any of the other Credit Documents would
obligate the Borrower to make any payment of interest or other amount payable to any Lender in an amount or calculated at a rate that would be prohibited by any applicable law, rule or regulation, then notwithstanding such provision, such amount or
rate shall be deemed to have been adjusted with retroactive effect to the maximum amount or rate of interest, as the case may be, as would not be so prohibited by law, such adjustment to be effected, to the extent necessary, by reducing the amount
or rate of interest required to be paid by the Borrower to the affected Lender under Section 2.8; provided that to the extent lawful, the interest or other amounts that would have been payable but were not payable as
a result of the operation of this Section shall be cumulated and the interest payable to such Lender in respect of other Loans or periods shall be increased (but not above the maximum rate therefor) until such cumulated amount, together with
interest thereon at the NYFRB Rate to the date of repayment, shall have been received by such Lender. 
 Notwithstanding the foregoing, and
after giving effect to all adjustments contemplated thereby, if any Lender shall have received from the Borrower an amount in excess of the maximum permitted by any applicable law, rule or regulation, then the Borrower shall be entitled, by notice
in writing to the Administrative Agent, to obtain reimbursement from that Lender in an amount equal to such excess, and pending such reimbursement, such amount shall be deemed to be an amount payable by that Lender to the Borrower. 

  
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 Section 6. Conditions Precedent to Initial Borrowing. 

The initial Borrowing under this Agreement is subject to the satisfaction of the following conditions precedent, except as otherwise agreed
between the Borrower and the Administrative Agent. 
 6.1 Credit Documents. 

The Administrative Agent (or its counsel) shall have received: 

(a) this Agreement, executed and delivered by a duly Authorized Officer of Holdings and the Borrower; 

(b) the Guarantee, executed and delivered by a duly Authorized Officer of each Guarantor that is a Closing Date Credit Party; 

(c) each document listed on Schedule 1.1(c) executed and delivered by a duly Authorized Officer of each Closing Date Credit Party party
thereto; 
 (d) the ABL Intercreditor Agreement, executed and delivered by a duly Authorized Officer of each of Holdings, the Borrower and
each other Closing Date Credit Party party thereto, the Collateral Agent and the ABL Collateral Agent; and 
 (e) the First Lien
Intercreditor Agreement, executed and delivered by a duly Authorized Officer of each of Holdings, the Borrower and each other Closing Date Credit Party party thereto, the Collateral Agent and the representatives for purposes thereof for holders of
one or more classes of First Lien Obligations. 
 6.2 Collateral. Except for any items referred to on Schedule 9.17: 

(a) To the extent certificated and constituting certificated securities, the Collateral Agent shall have received all certificates representing
the Equity Interests in the Borrower to be pledged under the Security Documents by Holdings, accompanied by instruments of transfer and undated stock powers endorsed in blank; 

(b) The Collateral Agent shall have received the certificates representing equity interests of each Domestic Subsidiary to the extent required
to be pledged and delivered under the Security Documents to the extent certificated and constituting certificated securities, accompanied by instruments of transfer and undated stock powers endorsed in blank; and 

(c) Uniform Commercial Code financing statements against each Subsidiary Guarantor that is a Domestic Subsidiary required to be filed,
registered or recorded in the jurisdiction of organization of such Subsidiary Guarantor to create the Liens intended to be created by any Security Document and perfect such Liens to the extent required by such Security Document shall have been
delivered to the Collateral Agent, and shall be in proper form, for filing, registration or recording. 
 6.3 Legal Opinions. The
Administrative Agent (or its counsel) shall have received the executed legal opinion, in customary form, of (i) Kirkland & Ellis LLP, special New York counsel to the Credit Parties, (ii) Akerman LLP, special Florida counsel to the
Credit Parties and (iii) Hutchinson Black and Cook LLC, special Colorado counsel to the Credit Parties. Holdings and the Borrower hereby instruct and agree to instruct the other Credit Parties to have such counsel deliver such legal opinions.

  
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 6.4 [Reserved].  

6.5 Closing Certificates. The Administrative Agent (or its counsel) shall have received a certificate of each of the Closing Date Credit
Parties, dated the Closing Date, executed by any Authorized Officer and the Secretary or any Assistant Secretary (or comparable Officer) of each such Closing Date Credit Party, as applicable, certifying as to the documents specified in
Section 6.6. 
 6.6 Authorization of Proceedings of Holdings, the Closing Date Credit Parties; Corporate
Documents. The Administrative Agent shall have received (i) a copy of the resolutions of the board of directors or managers (or analogous governing body) of each Closing Date Credit Party (or a duly authorized committee thereof) authorizing
(a) the execution, delivery, and performance of the Credit Documents (and any agreements relating thereto) to which it is a party and (b) in the case of the Borrower, the extensions of credit contemplated hereunder, (ii) the
Certificate of Incorporation and By-Laws, Certificate of Formation and Operating Agreement or other comparable organizational documents, as applicable, of each Closing Date Credit Party, and
(iii) signature and incumbency certificates (or other comparable documents evidencing the same) of the Authorized Officers of each Closing Date Credit Party executing the Credit Documents to which it is a party. 

6.7 Fees. The Administrative Agent and Initial Lenders shall have received, substantially simultaneously with the deemed funding of the
Initial Term Loans, fees and, to the extent invoiced at least three Business Days prior to the Closing Date (except as otherwise reasonably agreed by the Borrower) expenses in the amounts previously agreed in writing to be received on the Closing
Date (which amounts may, at the Borrower’s option, be offset against the proceeds of the Initial Term Loans). 
 6.8 No Default;
Representations and Warranties. On the Closing Date, (a) no Default or Event of Default shall have occurred and be continuing and (b) all representations and warranties made by any Credit Party contained herein or in the other Credit
Documents shall be true and correct in all material respects; provided that any such representations and warranties which are qualified by materiality, material adverse effect or similar language shall be true and correct in all respects. 

6.9 Solvency Certificate. On the Closing Date, the Administrative Agent shall have received a certificate from the Chief Executive
Officer, the President, the Chief Financial Officer, the Treasurer, the Vice President-Finance, a Director, a Manager, or any other senior financial officer of the Borrower to the effect that after giving effect to the consummation of the
Transactions, the Borrower on a consolidated basis with the Restricted Subsidiaries is Solvent. 
 6.10 [Reserved]. 

6.11 Patriot Act. The Administrative Agent and, in the case of clause (ii), each requesting Initial Lender, shall have received
at least three Business Days prior to the Closing Date (i) such documentation and information about the Credit Parties required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and
regulations, including, without limitation, the Patriot Act and (ii) if the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, a Beneficial Ownership Certification with respect to the Borrower,
in each case of clauses (i) and (ii), that has been reasonably requested in writing by the Administrative Agent or Initial Lenders at least ten Business Days prior to the Closing Date. 

6.12 [Reserved]. 
 6.13
[Reserved].  

  
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 6.14 [Reserved]. 

6.15 Term Loan Exchange. Prior to or substantially simultaneously with the deemed funding of the Initial Term Loans, the Term Loan
Exchange and the Preferred Equity Exchange shall be consummated. 
 6.16 Notice of Term Loan Borrowing. The Administrative Agent (or
its counsel) shall have received a Notice of Borrowing with respect to the Initial Term Loan meeting the requirements of Section 2.3. 

For purposes of determining compliance with the conditions specified in this Section 6 on the Closing Date, each Lender that has
signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the
Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto. 
 Section 7.
[Reserved]. 
 Section 8. Representations and Warranties. 

In order to induce the Lenders to enter into this Agreement and to make the Loans as provided for herein, Holdings (solely with respect to
Sections 8.1, 8.2, 8.3, 8.6, 8.10 and 8.20) and the Borrower makes the following representations and warranties to the Lenders, all of which shall survive the execution and delivery of this Agreement
(it being understood that the following representations and warranties shall be deemed made with respect to Holdings, the Borrower or any Foreign Subsidiary only to the extent relevant under applicable law) and the making of the Loans. 

8.1 Corporate Status. Each Credit Party (a) is a duly organized (or incorporated) and validly existing corporation, limited
liability company or other entity in good standing (if applicable) under the laws of the jurisdiction of its organization and has the corporate, limited liability company or other organizational power and authority to own its property and assets and
to transact the business in which it is engaged and (b) has duly qualified and is authorized to do business and is in good standing (if applicable) in all jurisdictions where it is required to be so qualified, except where the failure to be so
qualified would not reasonably be expected to result in a Material Adverse Effect. 
 8.2 Corporate Power and Authority. Each Credit
Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is a party and has taken all necessary corporate or other organizational action to
authorize the execution, delivery and performance of the Credit Documents to which it is a party. Each Credit Party has duly executed and delivered each Credit Document to which it is a party and, subject to the Legal Reservations and Perfection
Requirements, each such Credit Document constitutes the legal, valid, and binding obligation of such Credit Party enforceable in accordance with its terms. 

8.3 No Violation. Neither the execution, delivery or performance by any Credit Party of the Credit Documents to which it is a party nor
compliance with the terms and provisions thereof nor the consummation of the Transactions and the other transactions contemplated hereby or thereby will (a) contravene any applicable provision of any material law, statute, rule, regulation,
order, writ, injunction or decree of any court or governmental instrumentality, other than any such contravention that would not reasonably be expected to result in a Material Adverse Effect, (b) result in any breach of any of the terms,
covenants, conditions or provisions of, or constitute a default under, or result in the creation or imposition of (or the obligation to create or impose) any Lien upon any of the property or assets of such

  
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Credit Party or any of the Restricted Subsidiaries (other than Liens created under the Credit Documents or Permitted Liens) pursuant to, the terms of any material indenture, loan agreement, lease
agreement, mortgage, deed of trust, agreement or other material instrument to which such Credit Party or any of the Restricted Subsidiaries is a party or by which it or any of its property or assets is bound (any such term, covenant, condition or
provision, a “Contractual Requirement”) other than any such breach, default or Lien that would not reasonably be expected to result in a Material Adverse Effect or (c) violate any provision of the certificate of incorporation, by-laws, articles or other organizational documents of such Credit Party or any of the Restricted Subsidiaries (after giving effect to the Transactions). 

8.4 Litigation. There are no actions, suits or proceedings pending or, to the knowledge of the Borrower, threatened in writing against
the Borrower or any of the Restricted Subsidiaries that would reasonably be expected to be determined adversely and, if so, to result in a Material Adverse Effect. 

8.5 Margin Regulations. Neither the making of any Loan hereunder nor the use of the proceeds thereof will violate the provisions of
Regulation T, U or X of the Board. 
 8.6 Governmental Approvals. The execution, delivery and performance of each Credit Document does
not require any consent or approval of, registration or filing with, or other action by, any Governmental Authority, except for (i) such as have been obtained or made and are in full force and effect, (ii) those contemplated by the
Perfection Requirements in respect of the Liens created pursuant to the Security Documents (and to release existing Liens), and (iii) such licenses, approvals, authorizations, registrations, filings or consents the failure of which to obtain or
make would not reasonably be expected to result in a Material Adverse Effect. 
 8.7 Investment Company Act. None of the Borrower or
any other Restricted Subsidiary is required to be registered as an “investment company” under the Investment Company Act of 1940, as amended. 

8.8 True and Complete Disclosure. None of the written factual information and written data (taken as a whole) furnished by or on behalf
of Holdings or the Borrower or any of their respective authorized representatives to the Administrative Agent, and/or any Initial Lender on or before the Closing Date (including all such written information and data contained in the Credit
Documents) for purposes of or in connection with this Agreement or any transaction contemplated herein contained any untrue statement of any material fact or omitted to state any material fact necessary to make such information and data (taken as a
whole) not materially misleading at such time in light of the circumstances under which such information or data was furnished (after giving effect to all supplements and updates), it being understood and agreed that for the purposes of this
Section 8.8(a), such factual information and data shall not include pro forma financial information, projections, estimates (including financial estimates, forecasts, and other forward-looking information) or other
forward looking information and information of a general economic or general industry nature (collectively, “Forward-Looking Information”). 

8.9 Financial Condition; Financial Statements. 

(a) The Historical Financial Statements, in each case present fairly in all material respects the consolidated financial position of the
Borrower at the respective dates of said information, statements and results of operations for the respective periods covered thereby. The financial statements referred to in clause (a) of this
Section 8.9 have been prepared in accordance with GAAP consistently applied except to the extent provided in the notes to said financial statements. 

(b) There has been no Material Adverse Effect since the Closing Date. 

  
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 Each Lender and the Administrative Agent hereby acknowledges and agrees that the Borrower and its
Subsidiaries may be required to restate historical financial statements as the result of the implementation of changes in GAAP or IFRS, or the respective interpretation thereof, and that such restatements will not result in a Default or an Event of
Default under the Credit Documents. 
 8.10 Compliance with Laws. Each Credit Party is in compliance with all Requirements of Law
applicable to it or its property, except where the failure to be so in compliance would not reasonably be expected to result in a Material Adverse Effect. 

8.11 Tax Matters. Except as would not reasonably be expected to have a Material Adverse Effect, (a) the Borrower and each of the
other Restricted Subsidiaries has filed all Tax returns required to be filed by it and has timely paid all Taxes payable by it (whether or not shown on a Tax return and including in its capacity as withholding agent) that have become due, other than
those being contested in good faith and by proper proceedings if it has maintained adequate reserves (in the good faith judgment of management of the Borrower or such Restricted Subsidiary, as applicable) with respect thereto in accordance with GAAP
and (b) the Borrower and each of the Restricted Subsidiaries has paid, or has provided adequate reserves (in the good faith judgment of management of the Borrower or such Restricted Subsidiary, as applicable) in accordance with GAAP for the
payment of all Taxes not yet due and payable, and (c) there is no current or proposed Tax assessment, deficiency or other claim with respect to Taxes against the Borrower or any Restricted Subsidiary. 

8.12 Compliance with ERISA. 

(a) Except as would not reasonably be expected to have a Material Adverse Effect, no ERISA Event has occurred or is reasonably expected to
occur. 
 (b) Except as would not reasonably be expected to have a Material Adverse Effect, no Foreign Plan Event has occurred or is
reasonably expected to occur. 
 8.13 Subsidiaries. Schedule 8.13 lists each Subsidiary of Holdings and the
Borrower (and the direct and indirect ownership interest of Holdings and the Borrower therein), in each case, existing on the Closing Date after giving effect to the Transactions. 

8.14 Intellectual Property. Each of the Borrower and the other Restricted Subsidiaries owns or has the right to use all Intellectual
Property that is used in or otherwise necessary for the operation of their respective businesses in the United States as currently conducted, except where the failure to own or have a right to use such Intellectual Property would not reasonably be
expected to have a Material Adverse Effect. To the knowledge of the Borrower, the operation of their respective businesses by each of the Borrower and the other Restricted Subsidiaries does not infringe upon, misappropriate, violate or otherwise
conflict with the Intellectual Property of any third party, except as would not reasonably be expected to have a Material Adverse Effect. 

8.15 Environmental Laws. 

(a) Except as would not reasonably be expected to have a Material Adverse Effect: (i) each of the Borrower and the Restricted Subsidiaries
and their respective operations are in compliance with Environmental Laws; (ii) none of the Borrower or any Restricted Subsidiary has received written notice of any Environmental Claim; (iii) none of the Borrower or any Restricted
Subsidiary is conducting any investigation, removal, remedial or other corrective action pursuant to any Environmental Law at any location; and (iv) to the knowledge of the Borrower, no underground or above ground storage tank or related
piping, or any impoundment or other disposal area containing Hazardous Materials is located at, on or under any Real Estate currently owned or operated by the Borrower or any of the Restricted Subsidiaries. 

  
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 (b) None of the Borrower or any of the Restricted Subsidiaries has treated, stored,
transported, Released or arranged for disposal or transport for disposal or treatment of Hazardous Materials at, on, under or from any currently or formerly owned or operated property nor, to the knowledge of the Borrower, has there been any other
Release of Hazardous Materials at, on, under or from any such properties, in each case in a manner that would reasonably be expected to have a Material Adverse Effect. 

8.16 Properties. Each of the Borrower and the Restricted Subsidiaries has good and valid record title to, valid leasehold interests in,
or rights to use, all properties that are necessary for the operation of their respective businesses as currently conducted and as proposed to be conducted, free and clear of all Liens (other than any Liens permitted by this Agreement) and except
where the failure to have such title, interest or rights would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 

8.17 Solvency. On the Closing Date (after giving effect to the Transactions) immediately following the making of the Loans and after
giving effect to the application of the proceeds of such Loans, the Borrower on a consolidated basis with the Restricted Subsidiaries will be Solvent. 

8.18 Patriot Act. On the Closing Date, the use of proceeds of the Loans will not violate the Patriot Act in any material respect. 

8.19 Sanctions; FCPA. In each case, except as would not reasonably be expected to have a Material Adverse Effect: 

(a) the Borrower will not directly, or knowingly indirectly, use the proceeds of the Loans for the purpose of funding, financing or
facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in each case, in a manner that would result in the violation of any Sanctions applicable to any party hereto; 

(b) each of the Borrower and its Restricted Subsidiaries are in compliance with (i) Sanctions and (ii) the United States Foreign
Corrupt Practices Act of 1977, as amended; and 
 (c) none of the Borrower or any of its Restricted Subsidiaries or any director or officer
thereof, is a Sanctioned Person. 
 8.20 Security Interests in Collateral. Each Security Document listed on Schedule 1.1(c) and
each Security Document delivered pursuant to Section 9.11, 9.12, 9.14 or 9.17 will upon execution and delivery thereof, subject to the Legal Reservations and the Perfection Requirements, be effective to
create legal, valid and enforceable Liens on all of the Collateral described therein to the extent intended to be created thereby in favor of the Collateral Agent (or any designee or trustee on its behalf), for the benefit of itself and the other
Secured Parties, and to secure the Obligations intended to be secured thereby and, subject to the Perfection Requirements, such Liens will constitute perfected Liens (with the priority such Liens are expressed to have within the relevant Security
Document), in each case as and to the extent set forth therein. Notwithstanding anything in this Agreement (including this Section 8.20) or in any other Credit Document to the contrary, none of Holdings, the Borrower or any
other Credit Party makes any representation or warranty as to the pledge or creation of any security interest, or the effects of perfection or non-perfection, the priority or the enforceability of any pledge
of or security interest to the extent such pledge, security interest, perfection or priority is not required pursuant to the terms hereof or of the applicable Security Documents. 

  
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 8.21 EEA Financial Institutions. No Credit Party is an EEA Financial Institution.

 Section 9. Affirmative Covenants. 

The Borrower hereby covenants and agrees that on the Closing Date and thereafter, until the Termination Date: 

9.1 Information Covenants. The Borrower will furnish to the Administrative Agent (which shall promptly make such information available
to the Lenders in accordance with its customary practice): 
 (a) Annual Financial Statements. As soon as available and in any event
within five Business Days after the date on which such financial statements are required to be filed with the SEC (after giving effect to any permitted extensions) (or, if such financial statements are not required to be filed with the SEC, on
or before the date that is 90 days after the end of each fiscal year), the consolidated balance sheets of the Borrower and the Restricted Subsidiaries as at the end of each fiscal year, and the related consolidated income statements and cash
flows for such fiscal year, setting forth comparative consolidated figures for the preceding fiscal years, all in reasonable detail and prepared in accordance with GAAP, and, in each case, certified by independent certified public accountants of
recognized national standing whose opinion shall not be qualified as to the scope of audit or as to the status of the Borrower or any of the Material Subsidiaries (or group of Subsidiaries that together would constitute a Material Subsidiary) as a
going concern (other than any qualification, that is expressly solely with respect to, or expressly resulting solely from, (i) an upcoming maturity date under any Indebtedness, (ii) any actual or potential inability to satisfy a financial
maintenance covenant at such time or on a future date or in a future period or (iii) the activities, operations, financial results, assets or liabilities of any Unrestricted Subsidiary). 

(b) Quarterly Financial Statements. As soon as available and in any event within five Business Days after the date on which such
financial statements are required to be filed with the SEC (after giving effect to any permitted extensions) with respect to each of the first three quarterly accounting periods in each fiscal year of the Borrower (or, if such financial statements
are not required to be filed with the SEC, on or before the date that is 45 days after the end of each such quarterly accounting period), the consolidated balance sheets of the Borrower and the Restricted Subsidiaries as at the end of such
quarterly period and the related consolidated income statements for such quarterly accounting period and for the elapsed portion of the fiscal year ended with the last day of such quarterly period, and the related consolidated statement of cash
flows for the elapsed portion of the fiscal year ended with the last day of the applicable quarterly period, setting forth comparative consolidated figures for the related periods in the prior fiscal year or, in the case of such consolidated balance
sheet, for the last day of the related period in the prior fiscal year, all of which shall be certified by an Authorized Officer of the Borrower as fairly presenting in all material respects the financial condition, results of operations and cash
flows of the Borrower and the Restricted Subsidiaries in accordance with GAAP (except as noted therein), subject to changes resulting from normal year-end adjustments and the absence of footnotes. 

(c) Unrestricted Subsidiaries. With each set of consolidated financial statements referred to in Sections 9.1(a) and 9.1(b) above,
supplemental financial information necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from such consolidated financial statements. 

  
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 (d) Officer’s Certificates. Not later than five Business Days after the delivery
of the financial statements provided for in Sections 9.1(a) and (b), a certificate of an Authorized Officer of the Borrower to the effect that no Default or Event of Default exists or, if any Default or Event of
Default does exist, specifying the nature and extent thereof, as the case may be, which certificate shall set forth (i) a specification of any change in the identity of the Restricted Subsidiaries and Unrestricted Subsidiaries as at the end of
such fiscal year or period, as the case may be, from the Restricted Subsidiaries and Unrestricted Subsidiaries, respectively, provided to the Lenders on the Closing Date or the most recent fiscal year or period, as the case may be and (ii) the
then applicable Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio, the Consolidated Senior Secured Debt to Consolidated EBITDA Ratio and the Consolidated Total Debt to Consolidated EBITDA Ratio. Not later than five Business Days
after the delivery of the financial statements provided for in Section 9.1(a), a certificate of an Authorized Officer of the Borrower setting forth changes to the legal name, jurisdiction of formation, type of entity and
organizational number (or equivalent) to the Person organized (or incorporated) in a jurisdiction where an organizational identification number is required to be included in a Uniform Commercial Code financing statement, in each case for each Credit
Party or confirming that there has been no change in such information since the Closing Date or the date of the most recent certificate delivered pursuant to this clause (d), as the case may be. 

(e) Notice of Default or Litigation. Promptly after an Authorized Officer of the Borrower or any of the Restricted Subsidiaries obtains
knowledge thereof, notice of (i) the existence of any event that constitutes a Default or Event of Default, which notice shall specify the nature thereof, the period of existence thereof and what action the Borrower proposes to take with
respect thereto and (ii) any litigation or governmental proceeding pending against the Borrower or any of the Restricted Subsidiaries that would reasonably be expected to be determined adversely and, if so determined, to result in a Material
Adverse Effect. 
 (f) Environmental Matters. Promptly after an Authorized Officer of the Borrower or any of the Restricted
Subsidiaries obtains knowledge of any one or more of the following environmental matters, unless such environmental matters would not reasonably be expected to result in a Material Adverse Effect, notice of: 

(i) any pending or threatened Environmental Claim against any Credit Party or any Real Estate; and 

(ii) the conduct of any investigation, or any removal, remedial or other corrective action in response to the actual or alleged
presence, Release or threatened Release of any Hazardous Material on, at, under or from any Real Estate. 
 All such notices shall describe
in reasonable detail the nature of the claim, investigation or removal, remedial or other corrective action in response thereto. The term “Real Estate” shall mean land, buildings, facilities and improvements owned or leased
by any Credit Party. 
 (g) Other Information. Promptly upon filing thereof, copies of any filings (including on Form 10-K, 10-Q or 8-K) or registration statements (other than drafts of pre-effective
versions of registration statements) with, and reports to, the SEC or any analogous Governmental Authority in any relevant jurisdiction by the Borrower or any of the Restricted Subsidiaries (other than amendments to any registration statement (to
the extent such registration statement, in the form it becomes effective, is delivered to the Administrative Agent), exhibits to any registration statement and, if applicable, any registration statements on
Form S-8) and copies of all financial statements, proxy statements, notices, and reports that the Borrower or any of the Restricted Subsidiaries shall send to the holders of any publicly issued debt of
the Borrower and/or any of the Restricted Subsidiaries, in their capacity as such holders, lenders or agents (in each case to the extent not theretofore delivered to the Administrative Agent pursuant to this Agreement) and, with reasonable
promptness, such other information (financial or 

  
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otherwise) as the Administrative Agent on its own behalf or on behalf of any Lender (acting through the Administrative Agent) may reasonably request in writing from time to time; provided
that none of the Borrower nor any Restricted Subsidiary will be required to disclose or permit the inspection or discussion of any document, information or other matter (i) that constitutes non-financial
trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or their respective contractors) is prohibited by law, or any binding
agreement, (iii) that is subject to attorney client or similar privilege or constitutes attorney work product or (iv) that is otherwise subject to Section 13.16 or the limitations set forth in
Section 9.2. 
 Notwithstanding the foregoing, the obligations in clauses (a) and
(b) of this Section 9.1 may be satisfied with respect to financial information of the Borrower and the Restricted Subsidiaries by furnishing (A) the applicable financial statements of any Parent Entity of
the Borrower or (B) the Borrower’s (or any Parent Entity thereof), as applicable, Form 10-K or 10-Q, as applicable, filed with the SEC; provided
that, with respect to each of subclauses (A) and (B) of this paragraph, to the extent such information relates to a parent of the Borrower, such information is accompanied by consolidating or other information that explains in reasonable
detail the differences between the information relating to such Parent Entity, on the one hand, and the information relating to the Borrower and the Restricted Subsidiaries on a standalone basis, on the other hand. 

Documents required to be delivered pursuant to clauses (a), (b), (g) and (i) of this
Section 9.1 (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the earliest date on which
(i) the Borrower posts such documents, or provides a link thereto on the Borrower’s website on the Internet; (ii) such documents are posted on the Borrower’s behalf on IntraLinks/IntraAgency or another website, if any, to which
each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent), or (iii) such financial statements and/or other documents are posted on the SEC’s website on
the internet at www.sec.gov; provided that (A) the Borrower shall, at the request of the Administrative Agent, continue to deliver copies (which delivery may be by electronic transmission) of such documents to the Administrative Agent
and (B) the Borrower shall notify (which notification may be by facsimile or electronic transmission) the Administrative Agent of the posting of any such documents on any website described in this paragraph. Each Lender shall be solely
responsible for timely accessing posted documents or requesting delivery of paper copies of such documents from the Administrative Agent and maintaining its copies of such documents. 

Each Credit Party hereby acknowledges and agrees that, unless the Borrower notifies the Administrative Agent in advance, all financial
statements and certificates furnished pursuant to Sections 9.1(a), (b) and (d) above are hereby deemed to be suitable for distribution, and to be made available, to all Lenders and may be treated by the
Administrative Agent and the Lenders as not containing any material nonpublic information; provided that any failure by the Borrower to so notify the Administrative Agent shall not constitute a Default or Event of Default. 

9.2 Books, Records, and Inspections. The Borrower will, and will cause each other Restricted Subsidiary to, permit officers and
designated representatives of the Administrative Agent or the Required Lenders to visit and inspect any of the properties or assets of the Borrower and any such Restricted Subsidiary in whomsoever’s possession to the extent that it is within
such party’s control to permit such inspection (and shall use commercially reasonable efforts to cause such inspection to be permitted to the extent that it is not within such party’s control to permit such inspection), and to examine the
books and records of the Borrower and any such Restricted Subsidiary and discuss the affairs, finances and accounts of the Borrower and of any such Restricted Subsidiary with, and be advised as to the same by, its and their officers and independent
accountants, all at such reasonable times and intervals 

  
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and to such reasonable extent as the Administrative Agent or the Required Lenders may desire (and subject, in the case of any such meetings or advice from such independent accountants, to such
accountants’ customary policies and procedures); provided that, excluding any such visits and inspections during the continuation of an Event of Default, (a) only the Administrative Agent on behalf of the Required Lenders may
exercise rights of the Administrative Agent and the Lenders under this Section 9.2, (b) the Administrative Agent shall not exercise such rights more than one time in any calendar year, which visit will be at the
Borrower’s expense and (c) notwithstanding anything to the contrary in this Section 9.2, none of the Borrower or any of the Restricted Subsidiaries will be required to disclose, permit the inspection, examination
or making copies or abstracts of, or discussion of, any document, information or other matter that (i) constitutes non-financial trade secrets or non-financial
proprietary information, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or their respective representatives or contractors) is prohibited by law or any agreement binding on a third-party or (iii) is subject
to attorney-client or similar privilege or constitutes attorney work product; provided, further, that when an Event of Default exists, the Administrative Agent (or any of its respective representatives or independent contractors) or
any representative of the Required Lenders may do any of the foregoing at the expense of the Borrower at any time during normal business hours and upon reasonable advance notice. The Administrative Agent and the Required Lenders shall give the
Borrower and the Restricted Subsidiaries the opportunity to participate in any discussions with such Person’s independent public accountants. 

9.3 Maintenance of Insurance. The Borrower will, and will cause each other Material Subsidiary to, at all times maintain in full force
and effect, pursuant to self-insurance arrangements or with insurance companies that the Borrower believes (in the good faith judgment of the management of the Borrower) are financially sound and responsible at the time the relevant coverage is
placed or renewed, insurance in at least such amounts (after giving effect to any self-insurance which the Borrower believes (in the good faith judgment of management of the Borrower) is reasonable and prudent
in light of the size and nature of its business and the availability of insurance on a cost-effective basis) and against at least such risks (and with such risk retentions) as the Borrower believes (in the good faith judgment of management of the
Borrower) is reasonable and prudent in light of the size and nature of its business and the availability of insurance on a cost-effective basis and will furnish to the Administrative Agent, promptly following written request from the Administrative
Agent, information presented in reasonable detail as to the insurance so carried (provided that, for so long as no Event of Default has occurred and is continuing, the Administrative Agent shall be entitled to make such request only once in
any calendar year). Subject, in the case of insurance arrangements of Foreign Subsidiaries, to the Agreed Security Principles, each such policy of insurance shall (i) where customary for the type of insurance, name the Collateral Agent, on
behalf of the Secured Parties as an additional insured thereunder as its interests may appear and (ii) in the case of each casualty insurance policy, contain a loss payable clause or endorsement that names the Collateral Agent, on behalf of the
Secured Parties as the loss payee thereunder. 
 9.4 Payment of Taxes. The Borrower will pay and discharge, or cause to be paid and
discharged, and will cause each other Restricted Subsidiary to pay and discharge, all material Taxes imposed upon it (including in its capacity as a withholding agent) or upon its income or profits, or upon any properties belonging to it, prior to
the date on which penalties attach thereto, and all lawful claims in respect of any Taxes imposed, assessed or levied that, if unpaid, would reasonably be expected to become a Lien (other than a Permitted Lien) upon any properties of the Borrower or
any of the Restricted Subsidiaries; provided that neither the Borrower nor any of the Restricted Subsidiaries shall be required to pay any such Tax that is being contested in good faith and by proper proceedings if it has maintained adequate
reserves (in the good faith judgment of management of the Borrower ) with respect thereto in accordance with GAAP or the failure to pay would not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. 

  
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 9.5 Preservation of Existence; Consolidated Corporate Franchises. The Borrower will,
and will cause each other Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its
good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect;
provided, however, that the Borrower and its Subsidiaries may consummate any transaction that constitutes a Permitted Investment or is permitted under Section 10.2, 10.3, 10.4, or 10.5.

 9.6 Compliance with Statutes, Regulations, Etc. The Borrower will, and will cause each other Restricted Subsidiary to,
(a) comply with all applicable laws, rules, regulations, and orders applicable to it or its property, including, without limitation, applicable laws administered by the Office of Foreign Assets Control of the U.S. Department of the
Treasury and the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations promulgated thereunder, and all governmental approvals or authorizations required to conduct its business, and to maintain all such governmental
approvals or authorizations in full force and effect, (b) comply with, and use commercially reasonable efforts to ensure compliance by all tenants and subtenants, if any, with, all Environmental Laws, and obtain and comply with and maintain,
and use commercially reasonable efforts to ensure that all tenants and subtenants obtain and comply with and maintain, any and all licenses, approvals, notifications, registrations or permits required by Environmental Laws, and (c) conduct and
complete all investigations, studies, sampling and testing, and all remedial, removal, and other actions required under Environmental Laws and promptly comply with all lawful orders and directives of all Governmental Authorities regarding
Environmental Laws, other than such orders and directives which are being timely contested in good faith by proper proceedings, except in each case of (a), (b), and (c) of this Section 9.6, where the failure to do so
would not reasonably be expected to result in a Material Adverse Effect. 
 9.7 ERISA. (a) The Borrower will furnish to the
Administrative Agent promptly following receipt thereof, copies of any documents described in Sections 101(k) or 101(l) of ERISA that any Credit Party or any of its Subsidiaries may request with respect to any Multiemployer Plan to which a
Credit Party or any of its Subsidiaries is obligated to contribute; provided that if the Credit Parties or any of their Subsidiaries have not requested such documents or notices from the administrator or sponsor of the applicable
Multiemployer Plan, then, upon reasonable request of the Administrative Agent, the Credit Parties shall promptly make a request for such documents or notices from such administrator or sponsor and the Borrower shall provide copies of such documents
and notices to the Administrative Agent promptly after receipt thereof; provided, further, that the rights granted to the Administrative Agent in this Section shall be exercised not more than once during a 12-month period, and (b) the Borrower will notify the Administrative Agent promptly following the occurrence of any ERISA Event or Foreign Plan Event that, alone or together with any other ERISA Events or
Foreign Plan Events that have occurred, would reasonably be expected to result in liability of any Credit Party that would reasonably be expected to have a Material Adverse Effect. 

9.8 Maintenance of Properties. The Borrower will, and will cause each of the other Restricted Subsidiaries to, keep and maintain all
tangible property material to the conduct of its business in good working order and condition, ordinary wear and tear, casualty, and condemnation excepted, except to the extent that the failure to do so would not reasonably be expected to have a
Material Adverse Effect. 
 9.9 Transactions with Affiliates. The Borrower will conduct, and will cause each of the other Restricted
Subsidiaries to conduct, all transactions with any of its Affiliates (other than the Borrower and the Restricted Subsidiaries) involving aggregate payments or consideration in excess of $10,000,000 for the most recently ended Test Period (calculated
on a Pro Forma Basis) at the time of such Affiliate 

  
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transaction, for any individual transaction or series of related transactions on terms that are at least substantially as favorable to the Borrower or such Restricted Subsidiary as it would
obtain in a comparable arm’s-length transaction with a Person that is not an Affiliate, as determined by the board of directors (or analogous governing body) or any duly appointed committee thereof of the
Borrower or such Restricted Subsidiary in good faith; provided that the foregoing restrictions shall not apply to (a) the payment of customary investment banking fees paid to Permitted Holders for services rendered to the Borrower and
the Subsidiaries in connection with divestitures, acquisitions, financings and other transactions which payments are approved by a majority of the board of directors (or analogous governing body) of the Borrower in good faith, (b) transactions
permitted by Section 10.5 and Permitted Investments, (c) consummation of the Transactions and the payment of the Transaction Expenses, (d) the issuance of Capital Stock or Stock Equivalents of the Borrower (or any
direct or indirect parent thereof) or any of its Subsidiaries not otherwise prohibited by the Credit Documents, (e) loans, advances and other transactions between or among the Borrower, any Restricted Subsidiary or any joint venture (regardless
of the form of legal entity) in which the Borrower or any Subsidiary has invested (and which Subsidiary or joint venture would not be an Affiliate of the Borrower but for the Borrower’s or a Subsidiary’s ownership of Capital Stock or Stock
Equivalents in such joint venture or Subsidiary) to the extent permitted under Section 10 or that constitutes a Permitted Investment under the definition thereof, (f) employment and severance arrangements between the
Borrower and the Restricted Subsidiaries and their respective officers, employees or consultants (including management and employee benefit plans or agreements, stock option plans and other compensatory arrangements) in the ordinary course of
business (including loans and advances in connection therewith), (g) payments by the Borrower (and any direct or indirect parent thereof) and the Subsidiaries pursuant to the tax sharing agreements among the Borrower (and any such parent) and
the Subsidiaries that are permitted under Section 10.5(b)(15), (h) the payment of customary fees and reasonable out-of-pocket costs to,
and indemnities provided on behalf of, directors, managers, consultants, officers or employees of the Borrower (or any direct or indirect parent thereof) and the Subsidiaries in the ordinary course of business to the extent attributable to the
ownership, management or operation of the Borrower and the Subsidiaries, (i) transactions undertaken pursuant to membership in a purchasing consortium, (j) transactions pursuant to any agreement or arrangement as in effect as of the
Closing Date, or any amendment, modification, supplement or replacement thereto (so long as any such amendment, modification, supplement or replacement is not disadvantageous in any material respect to the Lenders when taken as a whole as compared
to the applicable agreement as in effect on the Closing Date as determined by the Borrower in good faith), (k) customary payments by the Borrower (or any direct or indirect parent) and any Restricted Subsidiaries to the Sponsor made for any
financial advisory, consulting, financing, underwriting or placement services or in respect of other investment banking activities (including in connection with acquisitions or divestitures), (l) the existence and performance of agreements and
transactions with any Unrestricted Subsidiary that were entered into prior to the designation of a Restricted Subsidiary as such Unrestricted Subsidiary to the extent that the transaction was permitted at the time that it was entered into with such
Restricted Subsidiary and transactions entered into by an Unrestricted Subsidiary with an Affiliate prior to the redesignation of any such Unrestricted Subsidiary as a Restricted Subsidiary; provided that such transaction was not entered into
in contemplation of such designation or redesignation, as applicable, (m) Affiliate repurchases of the Loans or Commitments to the extent permitted hereunder and the holding of such Loans or Commitments and the payments and other transactions
contemplated herein in respect thereof, (n) any customary transactions with a Receivables Subsidiary effected as part of a Receivables Facility and (o) undertaking or consummating any IPO Reorganization Transactions. 

9.10 End of Fiscal Years. The Borrower will, for financial reporting purposes, cause each of its, and each of the Restricted
Subsidiaries’, fiscal years to end on dates consistent with past practice; provided, however, that the Borrower may, upon written notice to the Administrative Agent change the financial reporting convention specified above to
(x) align the dates of such fiscal year and for any Restricted Subsidiary whose fiscal years end on dates different from those of the Borrower or (y) any 

  
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other financial reporting convention (including a change of fiscal year) reasonably acceptable (such consent not to be unreasonably withheld or delayed) to the Administrative Agent, in which case
the Borrower and the Administrative Agent will, and are hereby authorized by the Lenders to, make any adjustments to this Agreement that are necessary in order to reflect such change in financial reporting. 

9.11 Additional Guarantors and Grantors. 

(a) Subject to any applicable limitations set forth in the Security Documents and, in the case of any Foreign Subsidiary, the Agreed Security
Principles, the Borrower will cause each direct or indirect Subsidiary (other than any Excluded Subsidiary) formed or otherwise purchased or acquired after the Closing Date (including pursuant to a Permitted Acquisition), and each other Subsidiary
that ceases to constitute an Excluded Subsidiary (including following the designation (or redesignation) of a Restricted Subsidiary as a Discretionary Guarantor or the designation (or redesignation) of an Unrestricted Subsidiary as a Restricted
Subsidiary (other than an Excluded Subsidiary)), within 60 days (or ninety (90) days in the case of any Foreign Subsidiary or any documents governed by any Foreign Law) from the date of such formation, acquisition or cessation, as
applicable (or such longer period as the Administrative Agent may agree in its reasonable discretion), to execute a supplement to each of the Guarantee and each applicable Security Document in order to become a Guarantor under the Guarantee and a
grantor under such Security Documents or, to the extent reasonably requested by the Collateral Agent but subject in the case of a Foreign Subsidiary to the Agreed Security Principles, enter into a new Security Document substantially consistent with
the analogous existing Security Documents or otherwise in form and substance reasonably satisfactory to the Collateral Agent and, subject in the case of a Foreign Subsidiary to the Agreed Security Principles, take all other action reasonably
requested by the Collateral Agent, to grant a perfected security interest in its assets to substantially the same extent as created and perfected by the Credit Parties on the Closing Date or pursuant to Section 9.17. 

(b) The Borrower may designate (or redesignate) any Restricted Subsidiary that is an Excluded Subsidiary as a Discretionary Guarantor and may
designate (or redesignate) any Discretionary Guarantor as an Excluded Subsidiary; provided that, in the case of any designation (or redesignation) of any Restricted Subsidiary that is an Excluded Subsidiary as a Discretionary Guarantor,
(i) if such Restricted Subsidiary is organized (or incorporated) under the laws of a jurisdiction other than a Designated Jurisdiction, the jurisdiction of such Restricted Subsidiary is reasonably satisfactory to the Administrative Agent and
(ii) the Administrative Agent shall have received, at least two Business Days prior to such Restricted Subsidiary becoming a Guarantor, all documentation and other information in respect of such Restricted Subsidiary required under applicable
“know your customer” and anti-money laundering rules and regulations (including the Patriot Act); provided, further, that, in the case of any designation (or redesignation) of any Discretionary Guarantor as an Excluded
Subsidiary, (i) such designation (or redesignation) shall constitute an Investment by the Borrower or the relevant Restricted Subsidiary, as applicable, therein at the date of designation (or redesignation) in an amount equal to the Fair Market
Value of the Investments held by the Borrower or such Restricted Subsidiary in such Discretionary Guarantor immediately prior to such designation (or redesignation) and such Investments shall otherwise be permitted hereunder and (ii) any
Indebtedness or Liens of such Restricted Subsidiary (after giving effect to such designation (or redesignation)) shall be deemed to be incurred by such Restricted Subsidiary at the time of such designation (or redesignation) and such incurrence
shall otherwise be permitted hereunder. 
 9.12 Pledge of Additional Stock and Evidence of Indebtedness. Subject to any applicable
limitations set forth in the Security Documents and, in the case of the following assets issued or owned by a Foreign Credit Party, the Agreed Security Principles and other than (x) when in the reasonable determination of the Administrative
Agent and the Borrower (as agreed to in writing), the cost or other consequences of doing so would be excessive in view of the benefits to be obtained by the Lenders 

  
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therefrom or (y) to the extent doing so would result in material adverse tax consequences as reasonably determined by the Borrower in consultation with the Administrative Agent, the Borrower
will cause (i) all certificates representing Capital Stock and Stock Equivalents of any Restricted Subsidiary (other than any Excluded Stock and Stock Equivalents) held directly by any Credit Party, (ii) all evidences of Indebtedness in
excess of the greater of (a) $23,000,000 and (b) 10% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) at the time of any disposition of assets pursuant to
Section 10.4(b) owing to the Borrower or any of the Guarantors in connection with any disposition of assets pursuant to Section 10.4(b), and (iii) any promissory notes executed after the
Closing Date evidencing Indebtedness in excess of the greater of (a) $23,000,000 and (b) 10% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) at the time such promissory note is executed
owing from the Borrower or any Restricted Subsidiary to the Borrower or any other Credit Party, to be delivered to the Collateral Agent, as security for the Obligations accompanied by undated instruments of transfer executed in blank pursuant to the
terms of the Security Documents. Notwithstanding the foregoing no promissory note among Holdings, the Borrower and/or its Restricted Subsidiaries need be delivered to the Collateral Agent so long as (i) a global intercompany note superseding
such promissory note has been delivered to the Collateral Agent, (ii) such promissory note is not delivered to any other party other than the Borrower or any other Credit Party, in each case, owed money thereunder, and (iii) such
promissory note indicates on its face that it is subject to the security interest of the Collateral Agent. 
 9.13 Use of Proceeds.
The Borrower will use the proceeds of the Initial Term Loans that are deemed to have been made on the Closing Date, together with cash on hand and the proceeds of the ABL Loans, to effect the Transactions (including payment of the Transaction
Expenses) and for working capital and other general corporate purposes (including Capital Expenditures, Permitted Acquisitions, Permitted Investments, Restricted Payments, refinancing of Indebtedness and any other transactions not prohibited by the
Credit Documents). 
 9.14 Further Assurances. 

(a) Subject to the terms of Sections 9.11 and 9.12, this Section 9.14, the Security
Documents and, with respect to a Foreign Credit Party, the Agreed Security Principles, the Borrower will, and will cause each other Credit Party to, execute any and all further documents, financing statements, agreements, and instruments, and take
all such further actions (including the filing and recording of financing statements, fixture filings, mortgages, deeds of trust, and other documents) that may be required under any applicable law, or that the Collateral Agent or the Required
Lenders may reasonably request, in order to grant, preserve, protect, and perfect the validity and priority of the security interests created or intended to be created by the applicable Security Documents, all at the expense of the Borrower and the
Restricted Subsidiaries. 
 (b) Subject to any applicable limitations set forth in the Security Documents and, with respect to a Foreign
Credit Party, the Agreed Security Principles and otherwise other than (x) when in the reasonable determination of the Administrative Agent and the Borrower (as agreed to in writing), the cost or other consequences of doing so would be excessive
in view of the benefits to be obtained by the Lenders therefrom or (y) to the extent doing so would result in material adverse tax consequences as reasonably determined by the Borrower in consultation with the Administrative Agent, if any
assets (other than Excluded Collateral) are acquired by the Borrower or any other Credit Party after the Closing Date (other than assets constituting Collateral under a Security Document that become subject to the Lien of the applicable Security
Document upon acquisition thereof or Capital Stock and Stock Equivalents of a Restricted Subsidiary, evidences of Indebtedness or promissory notes as to which Section 9.12 shall apply to the extent a lien thereon can be
perfected by delivery pursuant to Section 9.12) that are of a type to be encumbered under a Security Document binding on such Credit Party or otherwise of a type contemplated

  
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to be encumbered under the Agreed Security Principles, the Borrower will notify the Collateral Agent, and, if requested by the Collateral Agent, the Borrower will cause such assets to be
subjected to a Lien securing the Obligations and will take, and cause the other applicable Credit Parties to take, such actions as shall be necessary or reasonably requested by the Collateral Agent, as soon as commercially reasonable but in no event
later than ninety (90) days after such acquisition, unless extended by the Administrative Agent in its sole discretion, to grant and perfect such Liens consistent with the applicable requirements of the Security Documents, including actions
described in clause (a) of this Section 9.14. 
 (c) Notwithstanding the foregoing
provisions in this Section 9.14 or otherwise in this Agreement or any other Credit Document to the contrary, and except with respect to any Foreign Subsidiary or assets or Equity Interests of any of the foregoing as to
matters addressed in the Agreed Security Principles (which, as to such matters, shall govern in lieu of this Section 9.14(c)): 

(i) control agreements with respect to any cash, deposit accounts or securities accounts or any other assets (other than
Capital Stock and Stock Equivalents) requiring perfection through control agreements or arrangements shall not be required; 

(ii) no actions in any non-U.S. jurisdiction that is not a Specified Jurisdiction or
required by any Foreign Law other than the laws of Specified Jurisdiction shall be required in order to create or perfect any security interest (it being understood that there shall be no security agreements or pledge agreements or share charge or
mortgages governed by the laws of any jurisdiction other than a Specified Jurisdiction) and, in any event, no filings or notices with respect to Intellectual Property shall be required in any non-U.S.
jurisdiction; 
 (iii) except to the extent that perfection and priority may be achieved by the filing of a financing
statement under the Uniform Commercial Code (or analogous procedures or delivery of customary notices and acknowledgments under the applicable laws of a Specified Jurisdiction) or filings or notices with respect to registered or applied for
Intellectual Property in the United States Patent and Trademark Office or the United States Copyright Office or delivery of possessory Collateral required to be delivered pursuant to Section 6.2, 9.12 or 9.17, the
Credit Documents shall not contain any requirements as to perfection or priority with respect to any Collateral; 
 (iv) no
Credit Party shall be required to seek any landlord lien waiver, bailee letter, estoppel, warehouseman waiver or other collateral access or similar letter or agreement ; 

(v) except as required by the Security Documents listed on Schedule 1.1(c) and pursuant to the actions set forth in
Section 6.2, all Collateral will be permitted to be granted and perfected after the Closing Date in accordance with Section 9.17; and 

(vi) unless a Subsidiary which would otherwise constitute an Excluded Subsidiary as of the Closing Date or upon the date of
acquisition or creation is expressly designated as a Designated Guarantor, then any guaranty or security interest purported to have been given by such Excluded Subsidiary shall be void ab initio. 

9.15 Maintenance of Ratings. The Borrower will use commercially reasonable efforts to obtain and maintain (but not maintain any specific
rating) a corporate family and/or corporate credit rating in respect of the Borrower, as applicable, and ratings in respect of the Credit Facility, in each case, from Moody’s and at least one of S&P and Fitch . 

  
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 9.16 Lines of Business. The Borrower and the Restricted Subsidiaries, taken as a
whole, will not fundamentally and substantively alter the character of their business, taken as a whole, from the business conducted by the Borrower and the Subsidiaries, taken as a whole, on the Closing Date and other business activities which are
extensions thereof or otherwise incidental, synergistic, reasonably related, or ancillary to any of the foregoing (and non-core incidental businesses acquired in connection with any Permitted Acquisition or
permitted Investment). 
 9.17 Post-Closing Actions. The Borrower agrees that it will, and will cause its other relevant Subsidiaries
to, complete each of the actions described on Schedule 9.17 as soon as commercially reasonable and by no later than the date set forth in Schedule 9.17 with respect to such action or such later
date as the Administrative Agent may reasonably agree. 
 Section 10. Negative Covenants. 

The Borrower hereby covenants and agrees that on the Closing Date and thereafter, until the Termination Date: 

10.1 Limitation on Indebtedness. The Borrower will not, and will not permit any other Restricted Subsidiary to, create, incur, issue,
assume, guarantee or otherwise become liable, contingently or otherwise (collectively, “incur” and collectively, an “incurrence”) with respect to any Indebtedness (including Acquired Indebtedness) and the Borrower
will not issue any shares of Disqualified Stock and will not permit any other Restricted Subsidiary to issue any shares of Disqualified Stock or, in the case of Restricted Subsidiaries that are not Guarantors, preferred stock; provided that
each of the Borrower and the Restricted Subsidiaries may incur Indebtedness (including Acquired Indebtedness incurred in connection with, or in contemplation of, a Permitted Acquisition) or issue shares of Disqualified Stock or, in the case of
Restricted Subsidiaries, may incur Indebtedness (including Acquired Indebtedness incurred in connection with or in contemplation of, a Permitted Acquisition), issue shares of Disqualified Stock and issue shares of preferred stock, that is, in each
case, secured by a Lien on the Collateral that is pari passu with the Lien securing the Obligations, secured by a Lien on the Collateral that is junior to the Lien securing the Obligations, or unsecured or secured by a Lien on
assets that do not become Collateral to the extent that (1) if such Indebtedness, Disqualified Stock or shares of preferred stock is secured by a Lien on the Collateral on a pari passu basis with the Liens on the Collateral
securing the Obligations, either (A) the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio of the Borrower and the Restricted Subsidiaries (including for the purposes of such calculation any Disqualified Stock or shares of
preferred stock that is secured by a Lien on a pari passu basis with the Liens on the Collateral securing the Obligations), after giving effect to the incurrence of such Indebtedness or the issuance of such Disqualified Stock or
preferred stock and the use of proceeds thereof, on a Pro Forma Basis would not exceed 3.50:1.00 or (B) if such Indebtedness, Disqualified Stock or shares of preferred stock is incurred to consummate a Permitted Acquisition or other
Investment not prohibited hereunder, the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio of the Borrower and the Restricted Subsidiaries (including for the purposes of such calculation any Disqualified Stock or shares of preferred
stock that is secured by a Lien on a pari passu basis with the Liens on the Collateral securing the Obligations), after giving effect to the incurrence of such Indebtedness or the issuance of such Disqualified Stock or preferred stock and the use of
proceeds thereof, on a Pro Forma Basis shall (I) not exceed 3.50:1.00 or (II) not exceed the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio immediately prior to such Permitted Acquisition or other Investment, (2) if
such Indebtedness, Disqualified Stock or shares of preferred stock is secured by a Lien on the Collateral on a junior priority basis with the Liens on the Collateral securing the Obligations, either (A) the Consolidated Senior Secured Debt to
Consolidated EBITDA Ratio of the Borrower and the Restricted Subsidiaries (including for the purposes of such calculation any Disqualified Stock or shares of preferred stock that is secured by a Lien on a junior basis to the Liens on the Collateral
securing the Obligations), after giving effect to the 

  
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incurrence of such Indebtedness or the issuance of such Disqualified Stock or preferred stock and the use of proceeds thereof, on a Pro Forma Basis would not exceed 4.25:1.00 or (B) if
such Indebtedness, Disqualified Stock or shares of preferred stock is incurred to consummate a Permitted Acquisition or other Investment not prohibited hereunder, the Consolidated Senior Secured Debt to Consolidated EBITDA Ratio of the Borrower and
the Restricted Subsidiaries (including for the purposes of such calculation any Disqualified Stock or shares of preferred stock that is secured by a Lien on a junior basis to the Liens on the Collateral securing the Obligations), after giving effect
to the incurrence of such Indebtedness or the issuance of such Disqualified Stock or preferred stock and the use of proceeds thereof, on a Pro Forma Basis shall (x) not exceed 4.25:1.00 or (y) not exceed the Consolidated Senior Secured
Debt to Consolidated EBITDA Ratio immediately prior to such Permitted Acquisition or other Investment and (3) if such Indebtedness, Disqualified Stock or shares of preferred stock is unsecured or is secured by assets that do not become
Collateral, either (A) either (I) the Consolidated Total Debt to Consolidated EBITDA Ratio of the Borrower and the Restricted Subsidiaries (including for the purposes of such calculation any Disqualified Stock or shares of preferred stock that
is unsecured or is secured by assets that do not become Collateral), after giving effect to the incurrence of such Indebtedness or the issuance of such Disqualified Stock or preferred stock and the use of proceeds thereof, on a Pro Forma Basis
would not exceed 4.75:1.00 or (II) if such Indebtedness, Disqualified Stock or shares of preferred stock is incurred to consummate a Permitted Acquisition or other Investment not prohibited hereunder, the Consolidated Total Debt to Consolidated
EBITDA Ratio of the Borrower and the Restricted Subsidiaries (including for the purposes of such calculation any Disqualified Stock or shares of preferred stock that is unsecured), after giving effect to the incurrence of such Indebtedness or the
issuance of such Disqualified Stock or preferred stock and the use of proceeds thereof, on a Pro Forma Basis shall (x) not exceed 4.75:1.00 or (y) not exceed the Consolidated Total Debt to Consolidated EBITDA Ratio immediately prior to
such Permitted Acquisition or other Investment or (B) either (I) the Fixed Charge Coverage Ratio of the Borrower and the Restricted Subsidiaries (including for the purposes of such calculation any Disqualified Stock or shares of preferred stock
that is unsecured or is secured by assets that do not become Collateral), after giving effect to the incurrence of such Indebtedness or the issuance of such Disqualified Stock or preferred stock and the use of proceeds thereof, on a Pro Forma
Basis, would be at least 2.00:1.00 or (II) if such Indebtedness, Disqualified Stock or shares of preferred stock is incurred to consummate a Permitted Acquisition or other Investment not prohibited hereunder, the Fixed Charge Coverage Ratio of
the Borrower and the Restricted Subsidiaries, after giving effect to the incurrence of such Indebtedness or the issuance of such Disqualified Stock or preferred stock and the use of proceeds thereof, on a Pro Forma Basis shall be (x) greater
than or equal to 2.00:1.00 or (y) greater than or equal to the Fixed Charge Coverage Ratio immediately prior to such Permitted Acquisition or other Investment; provided further that the amount of Indebtedness (other than Acquired
Indebtedness), Disqualified Stock and preferred stock that may be incurred pursuant to the foregoing proviso by Restricted Subsidiaries that are not Credit Parties shall not exceed the greater of (x) $91,250,000 and (y) 40% of Consolidated
EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) at the time of such incurrence. 
 The foregoing
limitations will not apply to: 
 (a) Indebtedness arising under the Credit Documents; 

(b) (x) Indebtedness represented by the ABL Facility and any guarantee thereof in an aggregate principal amount (together with any Refinancing
Indebtedness in respect thereof and all accrued interest, fees and expenses) not to exceed the greater of (A) $100,000,000 and (B) the Borrowing Base (as defined in the ABL Credit Agreement) as of the date of such incurrence and
(y) Indebtedness that may be incurred pursuant to Section 2.23 of the ABL Credit Agreement (as in effect on the Closing Date, in each case, pursuant to Section 2.23 of the ABL Credit Agreement (as in effect on the Closing Date)); 

  
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 (c) (i) Indebtedness (including any unused commitment) outstanding on the Closing Date
listed on Schedule 10.1 and (ii) intercompany Indebtedness (including any unused commitment) outstanding on the Closing Date listed on Schedule 10.1 (other than intercompany Indebtedness owed
by a Credit Party or Restricted Subsidiary to another Credit Party or Restricted Subsidiary); provided that any such Indebtedness owing to a Subsidiary that is not a Credit Party shall be subordinated in right of payment to the Obligations;

 (d) Indebtedness (including Capitalized Lease Obligations), Disqualified Stock and preferred stock incurred by the Borrower or any
Restricted Subsidiary, to finance the purchase, lease, construction, installation, maintenance, replacement or improvement of property (real or personal) or equipment that is used or useful in a Similar Business, whether through the direct purchase
of assets or the Capital Stock of any Person owning such assets and Indebtedness arising from the conversion of the obligations of the Borrower or any Restricted Subsidiary under or pursuant to any “synthetic lease” transactions to on-balance sheet Indebtedness of the Borrower or such Restricted Subsidiary, in an aggregate principal amount which, when aggregated with the principal amount of all other Indebtedness, Disqualified Stock and
preferred stock then outstanding and incurred pursuant to this clause (d) and all Refinancing Indebtedness incurred to refinance any other Indebtedness, Disqualified Stock and preferred stock incurred pursuant to this
clause (d), does not exceed the greater of (x) $80,000,000 and (y) 35% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) at the time of incurrence;
provided that Capitalized Lease Obligations incurred by the Borrower or any Restricted Subsidiary pursuant to this clause (d) in connection with a Permitted Sale Leaseback shall not be subject to the foregoing
limitation so long as the proceeds of such Permitted Sale Leaseback are used by the Borrower or such Restricted Subsidiary to permanently repay outstanding Term Loans or other Indebtedness secured by a Lien on the assets subject to such Permitted
Sale Leaseback (excluding any Lien ranking junior to the Lien securing the Obligations); 
 (e) Indebtedness incurred by the Borrower or any
Restricted Subsidiary (including letter of credit obligations consistent with past practice constituting reimbursement obligations with respect to letters of credit issued in the ordinary course of business), in respect of workers’ compensation
claims, deferred compensation, performance or surety bonds, health, disability or other employee benefits or property, casualty or liability insurance or self-insurance or other Indebtedness with respect to reimbursement or indemnification type
obligations regarding workers’ compensation claims, performance or surety bonds, health, disability or other employee benefits or property, casualty or liability insurance or self-insurance; 

(f) Indebtedness arising from agreements of the Borrower or a Restricted Subsidiary providing for indemnification, adjustment of purchase
price, earnout or similar obligations, in each case, incurred or assumed in connection with the acquisition or disposition of any business, assets or a Subsidiary or other Person, other than guarantees of Indebtedness incurred by any Person
acquiring all or any portion of such business, assets or a Subsidiary for the purpose of financing such acquisition; 
 (g) Indebtedness of
the Borrower to a Restricted Subsidiary; provided that any such Indebtedness owing to a Restricted Subsidiary that is not the Borrower or a Guarantor is subordinated in right of payment to the Obligations; provided, further,
that any subsequent issuance or transfer of any Capital Stock or any other event which results in any Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such Indebtedness (except to Holdings or
another Restricted Subsidiary) shall be deemed, in each case to be an incurrence of such Indebtedness not permitted by this clause; 

  
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 (h) Indebtedness of a Restricted Subsidiary owing to the Borrower or another Restricted
Subsidiary; provided that if a Guarantor incurs such Indebtedness owing to a Restricted Subsidiary that is not a Guarantor, such Indebtedness is subordinated in right of payment to the Guarantee of such Guarantor as the case may be;
provided, further, that any subsequent transfer of any such Indebtedness (except to Holdings, the Borrower or another Restricted Subsidiary) shall be deemed, in each case to be an incurrence of such Indebtedness not permitted by this
clause; 
 (i) shares of preferred stock of a Restricted Subsidiary issued to the Borrower or another Restricted Subsidiary; provided
that any subsequent issuance or transfer of any Capital Stock or any other event which results in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such shares of preferred stock (except to
the Borrower or another Restricted Subsidiary) shall be deemed in each case to be an issuance of such shares of preferred stock not permitted by this clause; 

(j) Hedging Obligations (excluding Hedging Obligations entered into for speculative purposes); 

(k) (i) obligations in respect of self-insurance, performance, bid, appeal, and surety bonds and completion guarantees and similar obligations
provided by the Borrower or any Restricted Subsidiary or (ii) obligations in respect of letters of credit, bank guarantees or similar instruments related thereto, in each case, in the ordinary course of business or consistent with past
practice; 
 (l) (i) Indebtedness, Disqualified Stock and preferred stock of the Borrower or any Restricted Subsidiary in an aggregate
principal amount (together with any Refinancing Indebtedness in respect thereof) up to 100% of the net cash proceeds received by the Borrower since immediately after the Closing Date from the issue or sale of Equity Interests of the Borrower or cash
contributed to the capital of the Borrower (in each case, other than Excluded Contributions or proceeds of Disqualified Stock or sales of Equity Interests to the Borrower or any of its Subsidiaries) as determined in accordance with
Sections 10.5(a)(iii)(B) and 10.5(a)(iii)(C) to the extent such net cash proceeds or cash have not been applied pursuant to such clauses to make Restricted Payments or to make other Investments, payments or exchanges
pursuant to Section 10.5(b) or to make Permitted Investments (other than Permitted Investments specified in clauses (i) and (iii) of the definition thereof) and (ii) Indebtedness,
Disqualified Stock or preferred stock of the Borrower or any Restricted Subsidiary not otherwise permitted hereunder in an aggregate principal amount, which when aggregated with the principal amount of all other Indebtedness, Disqualified Stock and
preferred stock then outstanding and incurred pursuant to this clause (l)(ii), does not at any one time outstanding exceed the greater of (x) $114,000,000 and (y) 50% of Consolidated EBITDA for the most recently
ended Test Period (calculated on a Pro Forma Basis) at the time of incurrence; provided that the amount of Indebtedness, Disqualified Stock and preferred stock that may be incurred pursuant to this
clause (l)(ii) by Restricted Subsidiaries that are not Guarantors together with any amounts incurred under the first paragraph of this Section 10.1 by Restricted Subsidiaries that are not
Guarantors shall not exceed the greater of (x) $91,250,000 and (y) 40% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) at the time of such incurrence; 

(m) the incurrence or issuance by the Borrower or any Restricted Subsidiary of Indebtedness, Disqualified Stock or preferred stock which serves
to refinance any Indebtedness, Disqualified Stock or preferred stock incurred as permitted under the first paragraph of this Section 10.1 and clauses (b), (c) and (l)(i) above, this
clause (m) and clause (v) below or any Indebtedness, Disqualified Stock or preferred stock issued to so refinance, replace, refund, extend, renew, defease, restructure, amend, restate or otherwise
modify (collectively, “refinance”) such Indebtedness, Disqualified Stock or preferred stock (the “Refinancing Indebtedness”) prior to its respective maturity; provided that such Refinancing Indebtedness
(1) has a weighted average life to maturity at the time such Refinancing Indebtedness is incurred which is not less than the remaining weighted average life to maturity of the Indebtedness, Disqualified Stock or preferred stock being
refinanced, (2) to the extent such Refinancing Indebtedness 

  
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refinances (i) Indebtedness that is unsecured or secured by a Lien ranking junior to the Liens securing the Obligations, such Refinancing Indebtedness is unsecured or secured by a Lien
ranking junior to the Liens securing the Obligations, (ii) Disqualified Stock or preferred stock, such Refinancing Indebtedness must be Disqualified Stock or preferred stock, respectively, and (iii) Indebtedness subordinated to the
Obligations, such Refinancing Indebtedness is subordinated to the Obligations at least to the same extent as the Indebtedness being refinanced and (3) shall not include Indebtedness, Disqualified Stock or preferred stock of a Subsidiary of the
Borrower that is not a Credit Party that refinances Indebtedness, Disqualified Stock or preferred stock of the Borrower or any other Credit Party; 

(n) obligations of the Borrower or any Restricted Subsidiary arising in respect of virtual account numbers, credit cards, gift cards and other
funds transfer liabilities (including electronic money, payment and money transmitter services) incurred in the ordinary course of business; 

(o) Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument drawn against
insufficient funds in the ordinary course of business; 
 (p) (i) Indebtedness of the Borrower or any Restricted Subsidiary supported by a
letter of credit, in a principal amount not in excess of the stated amount of such letter of credit so long as such letter of credit is otherwise permitted to be incurred pursuant to this Section 10.1 or
(ii) obligations in respect of letters of support, guarantees or similar obligations issued, made or incurred for the benefit of any Subsidiary of the Borrower to the extent required by law or in connection with any statutory filing or the
delivery of audit opinions performed in jurisdictions other than within the United States; 
 (q) (1) any guarantee by the Borrower or a
Restricted Subsidiary of Indebtedness or other obligations of any other Restricted Subsidiary so long as, in the case of a guarantee of Indebtedness by a Restricted Subsidiary that is not a Credit Party, such Indebtedness could have been incurred
directly by the Restricted Subsidiary providing such guarantee or (2) any guarantee by a Restricted Subsidiary of Indebtedness of Holdings or any Parent Entity; 

(r) Indebtedness of Restricted Subsidiaries that are not Credit Parties in an amount not to exceed, in the aggregate at any one time
outstanding, the greater of (x) $51,500,000 and (y) 22.5% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis); 

(s) Indebtedness of the Borrower or any of the Restricted Subsidiaries consisting of (i) the financing of insurance premiums or
(ii) take or pay obligations contained in supply arrangements in each case, incurred in the ordinary course of business or consistent with past practice; 

(t) (i) Indebtedness of the Borrower or any of the Restricted Subsidiaries undertaken in connection with cash management and related activities
with respect to any Subsidiary or joint venture in the ordinary course of business, including with respect to financial accommodations of the type described in the definition of Cash Management Services and (ii) Indebtedness owed on a
short-term basis of no longer than 30 days to banks and other financial institutions incurred in the ordinary course of business of the Borrower and the Restricted Subsidiaries with such banks or financial institutions that arises in connection
with ordinary banking arrangements to manage cash balances of the Borrower and the Restricted Subsidiaries; 
 (u) Indebtedness consisting of
Indebtedness issued by the Borrower or any of the other Restricted Subsidiaries to future, current or former officers, directors, managers and employees thereof, their respective estates, spouses or former spouses, in each case to finance the
purchase or redemption of Equity Interests of the Borrower or any direct or indirect parent company of the Borrower to the extent described in clause (4) of Section 10.5(b); 

  
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 (v) [reserved]; 

(w) (i) Indebtedness in respect of Permitted Other Indebtedness to the extent that the Net Cash Proceeds therefrom are applied to the
prepayment of Term Loans in the manner set forth in Section 5.2(a)(iii) and (ii) any Permitted Refinancing thereof; provided that (x) the principal amount of any such Indebtedness is not increased above the
principal amount thereof outstanding immediately prior to such refinancing, refunding, renewal or extension (except for any original issue discount thereon and the amount of fees, expenses, and premium and accrued and unpaid interest in connection
with such refinancing) and (y) such Indebtedness otherwise complies with the definition of Permitted Other Indebtedness; 
 (x)
Indebtedness in respect of (i) Permitted Other Indebtedness; provided that the aggregate principal amount of all such Permitted Other Indebtedness issued or incurred pursuant to this clause (i) shall not, when
taken together with the principal amount of New Term Loans outstanding at such time pursuant to Section 2.14, exceed the Maximum Incremental Facilities Amount and (ii) any Permitted Refinancing thereof; provided
that (w) the principal amount of any such Indebtedness is not increased above the principal amount thereof outstanding immediately prior to such refinancing, refunding, renewal or extension (except for any original issue discount thereon and
the amount of fees, expenses and premium and accrued and unpaid interest in connection with such refinancing), (x) such Indebtedness otherwise complies with the definition of Permitted Other Indebtedness, (y) no Subsidiary of Holdings
(other than the Borrower or a Guarantor) is an obligor with respect to such indebtedness and (z) if such Indebtedness is in the form of a broadly syndicated term loan facility of any of the Credit Parties that is denominated in Dollars, is
secured by a Lien on the Collateral that is pari passu with the Lien securing the First Lien Obligations and matures earlier than two years after the Initial Term Loan Maturity Date, the terms set forth in Section 2.14(d)(iii) (including
limitations to the application thereof) shall have been complied with as if such Indebtedness was considered a New Term Loan; 
 (y) (i)
Indebtedness in respect of Permitted Debt Exchange Notes incurred pursuant to a Permitted Debt Exchange in accordance with Section 2.15 (and which does not generate any additional proceeds) and (ii) any Permitted
Refinancing thereof; provided that (x) the principal amount of any such Indebtedness is not increased above the principal amount thereof outstanding immediately prior to such refinancing, refunding, renewal or extension (except for any
original issue discount thereon and the amount of fees, expenses, and premium and accrued and unpaid interest in connection with such refinancing) and (y) such Indebtedness otherwise complies with the definition of Permitted Other Indebtedness;

 (z) unsecured Indebtedness that represents accrued (or deferred) and unpaid management fees to the Permitted Holders; provided,
that the payment of such management fees in respect of such Indebtedness is not otherwise prohibited under Section 10.5; 

(aa) additional Indebtedness of the Borrower or any of its Restricted Subsidiaries in an aggregate principal amount not to exceed the Available
Amount that is not otherwise applied pursuant to clause (xxxx) of the definition of “Permitted Liens” and Section 10.5(a)(iii) as in effect immediately prior to the incurrence of such Indebtedness (and after
giving Pro Forma Effect thereto); 
 (bb) additional Indebtedness of the Borrower or any of the Restricted Subsidiaries in an aggregate
principal amount that does not exceed 200% of the amount of Excluded Contributions made since the Closing Date that is not otherwise applied pursuant to clause (xxxxii) of the definition of “Permitted Liens” and
Section 10.5(b)(10) as in effect immediately prior to the incurrence of such Indebtedness (and after giving Pro Forma Effect thereto); provided that at the time of, and after giving effect to, the incurrence of
any Indebtedness permitted under this clause (bb), no Event of Default under Section 11.1(a) or Section 11.1(e) shall have occurred and be continuing or would occur as a consequence thereof; 

  
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 (cc) any guarantee or indemnity provided by the Borrower or any Restricted Subsidiary for
the obligations of the Borrower or any Subsidiary of the Borrower in connection with such Subsidiary claiming exemption from audit, the preparation and filing of its accounts or other similar exemptions (including under section 394C, 448C or 479C of
the United Kingdom Companies Act 2006 or other similar or equivalent provisions); 
 (dd) Indebtedness incurred pursuant to the Existing Debt
Facility and the other Loan Documents (as defined in the Existing Debt Facility); and 
 (ee) Indebtedness incurred pursuant to the Holdings
Intercompany Note. 
 For purposes of determining compliance, with Section 10.1, (i) the Borrower may redesignate any item of Indebtedness,
Disqualified Stock or preferred stock (or any portion thereof) originally designated as incurred under one of the categories of permitted Indebtedness, Disqualified Stock or preferred stock described in clauses (a) through
(cc) above or originally designated as incurred pursuant to the first paragraph of this Section 10.1 as having been incurred under one of the other such categories of permitted Indebtedness, Disqualified Stock
or preferred stock described in clauses (a) through (cc) above or as having been incurred pursuant to the first paragraph of this Section 10.1, so long as at the time of such
redesignation, the Borrower would be permitted to incur under such other category of permitted Indebtedness, Disqualified Stock or preferred stock the aggregate principal amount of Indebtedness, Disqualified Stock or preferred stock being so
redesignated (for purposes of clarity, with any such redesignation having the effect of increasing the Borrower’s ability to incur Indebtedness, Disqualified Stock or preferred stock under such other category of permitted Indebtedness,
Disqualified Stock or preferred stock as of the date of such redesignation by the amount of Indebtedness, Disqualified Stock or preferred stock redesignated) and (ii) at the time of incurrence, the Borrower will be entitled to divide and
classify an item of Indebtedness, Disqualified Stock or preferred stock in more than one of the categories of Indebtedness described in this Section 10.1. 

Accrual of interest or dividends, the accretion of accreted value, the accretion or amortization of original issue discount and the payment of interest or
dividends in the form of additional Indebtedness, Disqualified Stock or preferred stock will not be deemed to be an incurrence of Indebtedness, Disqualified Stock or preferred stock for purposes of this covenant. Any Refinancing Indebtedness and any
Indebtedness incurred to refinance Indebtedness incurred pursuant to clauses (a) and (l)(i) above shall be deemed to include additional Indebtedness, Disqualified Stock or preferred stock incurred to pay premiums
(including reasonable tender premiums), defeasance costs, fees, and expenses in connection with such refinancing. 
 This Agreement will not treat
(1) unsecured Indebtedness as subordinated or junior to secured Indebtedness merely because it is unsecured or (2) senior Indebtedness as subordinated or junior to any other senior Indebtedness merely because it has a junior priority with
respect to the same collateral. 
 10.2 Limitation on Liens. 

(a) The Borrower will not, and will not permit any of its Restricted Subsidiaries to, create, incur, assume or suffer to exist any Lien upon
any property or assets of any kind (real or personal, tangible or intangible) of the Borrower or any Restricted Subsidiary, whether now owned or hereafter acquired (each, a “Subject Lien”) that secures obligations under any
Indebtedness on any asset or property of the Borrower or any Restricted Subsidiary, except: 

  
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 (i) if such Subject Lien is a Permitted Lien; 

(ii) any other Subject Lien if the obligations secured by such Subject Lien are junior to the Obligations; provided
that, in the case of Liens securing Permitted Other Indebtedness Obligations, the applicable Permitted Other Indebtedness Secured Parties (or a representative thereof on behalf of such holders) shall (x) in the case of the first such issuance
of Permitted Other Indebtedness, the Borrower, the Collateral Agent, the Administrative Agent and the representative of the holders of such Permitted Other Indebtedness Obligations shall have entered into the Second Lien Intercreditor Agreement and
(y) in the case of subsequent issuances of Permitted Other Indebtedness, the representative for the holders of such Permitted Other Indebtedness have become a party to the Second Lien Intercreditor Agreement in accordance with the terms
thereof; and without any further consent of the Lenders, the Administrative Agent and the Collateral Agent shall be authorized to execute and deliver on behalf of the Secured Parties the First Lien Intercreditor Agreement and the Second Lien
Intercreditor Agreement contemplated by this clause (ii); and 
 (iii) in the case of any Subject
Lien on assets or property not constituting Collateral, any Subject Lien if (A) the Obligations are equally and ratably secured with (or on a senior basis to, in the case such Subject Lien secures any Junior Debt) the obligations secured by
such Subject Lien or (B) such Subject Lien is a Permitted Lien. 
 (b) Any Lien created for the benefit of the Secured Parties pursuant
to the preceding paragraph shall provide by its terms that such Lien shall be automatically and unconditionally be released and discharged upon the release and discharge of the Subject Lien that gave rise to the obligation to so secure the
Obligations. 
 10.3 Limitation on Fundamental Changes. The Borrower will not, and will not permit any of its Restricted Subsidiaries
to, consummate any merger, consolidation or amalgamation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), or convey, sell, lease, assign, transfer or otherwise dispose of, all or substantially all its business
units, assets or other properties, except that: 
 (a) so long as no Event of Default has occurred and is continuing or would result
therefrom, any Subsidiary of the Borrower or any other Person may be merged, amalgamated or consolidated with or into the Borrower; provided that (A) the Borrower shall be the continuing or surviving corporation or (B) if the Person
formed by or surviving any such merger, amalgamation or consolidation is not the Borrower (such other Person, the “Successor Borrower”), (1) the Successor Borrower shall be an entity organized (or incorporated) or existing
under the laws of the United States, any state thereof, the District of Columbia or any territory thereof, (2) the Successor Borrower shall expressly assume all the obligations of the Borrower under this Agreement and the other Credit Documents
pursuant to a supplement hereto or thereto or in a form otherwise reasonably satisfactory to the Administrative Agent, (3) Holdings and each Guarantor, unless it is the other party to such merger, amalgamation or consolidation, shall have, by a
supplement to the Guarantee, confirmed that its guarantee thereunder shall apply to any Successor Borrower’s obligations under this Agreement, (4) each Subsidiary grantor and each Subsidiary pledgor, unless it is the other party to such
merger, amalgamation or consolidation, shall have, by a supplement to any applicable Security Document, affirmed that its obligations thereunder shall apply to its Guarantee as reaffirmed pursuant to clause (3), and
(5) the Successor Borrower shall have delivered to the Administrative Agent (x) an officer’s certificate stating that such merger, amalgamation, or consolidation and such supplements preserve the enforceability of the Guarantee and
the perfection and priority of the Liens under the applicable Security Documents and (y) if requested by the Administrative Agent, an opinion of counsel to the effect that such merger, amalgamation, or consolidation does not violate this
Agreement or any other Credit Document and that the provisions set forth in the preceding 

  
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clauses (3) and (4) preserve the enforceability of the Guarantee and the perfection of the Liens created under the applicable Security Documents (it being
understood that if the foregoing are satisfied, the Successor Borrower will succeed to, and be substituted for, the Borrower under this Agreement and the other Credit Documents and any references to “Borrower” in the Credit Documents shall
be meant to refer to Successor Borrower); or 
 (b) so long as no Event of Default has occurred and is continuing or would result therefrom,
any Subsidiary of the Borrower or any other Person (other than the Borrower) may be merged, amalgamated or consolidated with or into any one or more Subsidiaries of the Borrower; provided that (i) in the case of any merger, amalgamation
or consolidation involving one or more Restricted Subsidiaries, (A) a Restricted Subsidiary shall be the continuing or surviving Person or (B) the Borrower shall cause the Person formed by or surviving any such merger, amalgamation or
consolidation (if other than a Restricted Subsidiary) to become a Restricted Subsidiary, (ii) in the case of any merger, amalgamation or consolidation involving one or more Guarantors, a Guarantor shall be the continuing or surviving Person or
the Person formed by or surviving any such merger, amalgamation or consolidation and if the surviving Person is not already a Guarantor, such Person shall execute a supplement to the Guarantee and the relevant Security Documents in form and
substance reasonably satisfactory to the Administrative Agent in order to become a Guarantor and pledgor, mortgagor and grantor, as applicable, thereunder for the benefit of the Secured Parties, and (iii) the Borrower shall have delivered to
the Administrative Agent an officer’s certificate stating that such merger, amalgamation or consolidation and any such supplements to any Security Document preserve the enforceability of the Guarantees and the perfection and priority of the
Liens under the applicable Security Documents; 
 (c) the Transactions may be consummated; 

(d) (i) any Restricted Subsidiary that is not a Credit Party may convey, sell, lease, assign, transfer or otherwise dispose of any or all of
its assets (upon voluntary liquidation or dissolution or otherwise) to the Borrower or any other Restricted Subsidiary or (ii) any Credit Party (other than the Borrower) may convey, sell, lease, assign, transfer or otherwise dispose of any or
all of its assets (upon voluntary liquidation or dissolution or otherwise) to any other Credit Party; 
 (e) any Subsidiary (other than the
Borrower) may convey, sell, lease, assign, transfer or otherwise dispose of any or all of its assets (upon voluntary liquidation or dissolution or otherwise) to a Credit Party; provided that the consideration for any such disposition by any
Person other than a Guarantor shall not exceed the fair value of such assets; 
 (f) any Restricted Subsidiary (other than the Borrower) may
liquidate or dissolve if the Borrower determines in good faith that such liquidation or dissolution is in the best interests of the Borrower and is not materially disadvantageous to the interests of the Lenders; 

(g) the Borrower and the Restricted Subsidiaries may consummate a merger, dissolution, liquidation, consolidation, investment or conveyance,
sale, lease, assignment or disposition, the purpose of which is to effect an Asset Sale (which for purposes of this Section 10.3(g), will include any disposition below the dollar threshold set forth in
clause (ii)(v) of the definition of “Asset Sale”) permitted by Section 10.4 or an investment permitted pursuant to Section 10.5 or an investment that constitutes
a Permitted Investment; and 
 (h) any Permitted Tax Restructuring or IPO Reorganization Transaction may be consummated; provided that
any Successor Borrower created in connection with such transaction shall comply with the provisions of Section 10.3(a)(i). 

  
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 10.4 Limitation on Sale of Assets. The Borrower will not, and will not permit any of
its Restricted Subsidiaries to, consummate an Asset Sale, unless: 
 (a) the Borrower or such Restricted Subsidiary, as the case may be,
receives consideration at the time of such Asset Sale at least equal to the Fair Market Value (as determined at the time of contractually agreeing to such Asset Sale) of the assets sold or otherwise disposed of; and 

(b) except in the case of a Permitted Asset Swap, if the property or assets sold or otherwise disposed of have a Fair Market Value in excess of
the greater of (a) $27.5 million and (b) 1.5% of Consolidated Total Assets for the most recently ended Test Period (calculated on a Pro Forma Basis) at the time of such disposition, at least 75% of the consideration therefor
received by the Borrower or such Restricted Subsidiary, as the case may be, is in the form of cash or Cash Equivalents; provided that the amount of: 

(i) any liabilities (as reflected on the Borrower’s most recent consolidated balance sheet or in the footnotes thereto, or
if incurred or accrued subsequent to the date of such balance sheet, such liabilities that would have been reflected on the Borrower’s consolidated balance sheet or in the footnotes thereto if such incurrence or accrual had taken place on or
prior to the date of such consolidated balance sheet, as determined in good faith by the Borrower) of the Borrower, other than liabilities that are by their terms subordinated to the Loans, that are assumed by the transferee of any such assets (or
are otherwise extinguished in connection with the transactions relating to such Asset Sale) and for which the Borrower and all such Restricted Subsidiaries have been validly released by all applicable creditors in writing; 

(ii) any securities, notes or other obligations or assets received by the Borrower or such Restricted Subsidiary from such
transferee that are converted by the Borrower or such Restricted Subsidiary into cash or Cash Equivalents, or by their terms are required to be satisfied for cash or Cash Equivalents (to the extent of the cash or Cash Equivalents received), in each
case, within 180 days following the closing of such Asset Sale; 
 (iii) Indebtedness, other than liabilities that are
by their terms subordinated to the Loans, that are of any Restricted Subsidiary that is no longer a Restricted Subsidiary as a result of such Asset Sale, to the extent that the Borrower and all Restricted Subsidiaries have been validly released from
any Guarantee of payment of such Indebtedness in connection with such Asset Sale; 
 (iv) consideration consisting of
Indebtedness of the Borrower (other than Subordinated Indebtedness) received after the Closing Date from Persons who are not the Borrower or any Restricted Subsidiary; and 

(v) any Designated Non-Cash Consideration received by the Borrower or such Restricted
Subsidiary in such Asset Sale having an aggregate Fair Market Value, taken together with all other Designated Non-Cash Consideration received pursuant to this clause (v) that is at
that time outstanding, not to exceed the greater of $110.0 million or 6% of Consolidated Total Assets at the time of the receipt of such Designated Non-Cash Consideration, with the Fair Market Value
of each item of Designated Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes in value, 

shall be deemed to be cash for purposes of this clause (b) of this provision and for no other purpose. 

  
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 Within the Reinvestment Period after the Borrower’s or any Restricted Subsidiary’s
receipt of the Net Cash Proceeds of any Asset Sale, the Borrower or such Restricted Subsidiary shall apply the Net Cash Proceeds from such Asset Sale: 

(i) (x) to prepay Loans or Indebtedness in accordance with Section 5.2(a)(i) or (y) to the
extent not required to prepay Loans pursuant to Section 5.2(a)(i), be retained by the Borrower and/or Restricted Subsidiaries (any such amounts, “Retained Asset Sale Proceeds”); and/or 

(ii) to make investments in the Borrower and the Subsidiaries; provided that the Borrower and the Restricted
Subsidiaries will be deemed to have complied with this clause (ii) if and to the extent that, within the Reinvestment Period after the Asset Sale that generated the Net Cash Proceeds, the Borrower or such Restricted
Subsidiary has entered into and not abandoned or rejected a binding agreement or letter of intent to consummate any such investment described in this clause (ii) with the good faith expectation that such Net Cash Proceeds
will be applied to satisfy such commitment within 180 days of such commitment and, in the event any such commitment is later cancelled or terminated for any reason before the Net Cash Proceeds are applied in connection therewith, the Borrower
or such Restricted Subsidiary prepays the Loans in accordance with Section 5.2(a)(i). 
 (c) Pending the final
application of any Net Cash Proceeds pursuant to this covenant, the Borrower or the applicable Restricted Subsidiary may apply such Net Cash Proceeds temporarily to reduce Indebtedness outstanding under the ABL Facility or any other revolving credit
facility or otherwise invest such Net Cash Proceeds in any manner not prohibited by this Agreement. 
 10.5 Limitation on Restricted
Payments. 
 (a) The Borrower will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly: 

(1) declare or pay any dividend or make any payment or distribution on account of the Borrower’s or any Restricted
Subsidiary’s Equity Interests, including any dividend or distribution payable in connection with any merger or consolidation, other than: 

(A) dividends or distributions by the Borrower payable in Equity Interests (other than Disqualified Stock) of the Borrower or
in options, warrants or other rights to purchase such Equity Interests, or 
 (B) dividends or distributions by a Restricted
Subsidiary so long as, in the case of any dividend or distribution payable on or in respect of any class or series of securities issued by a Subsidiary other than a Wholly-Owned Subsidiary, the Borrower or a Restricted Subsidiary receives at least,
if any, its pro rata share of such dividend or distribution in accordance with its Equity Interests in such class or series of securities; 

(2) purchase, redeem, defease or otherwise acquire or retire for value any Equity Interests of the Borrower or any direct or
indirect parent company of the Borrower, including in connection with any merger or consolidation; 
 (3) make any principal
payment on, or redeem, repurchase, defease or otherwise acquire or retire for value, in each case, prior to any scheduled repayment, sinking fund payment or maturity, any Junior Debt of the Borrower or any Restricted Subsidiary, other than
(A) Indebtedness permitted under clauses (g) and (h) of Section 10.1 or (B) the purchase, repurchase or other acquisition of Junior Debt purchased in anticipation of
satisfying a sinking fund obligation, principal installment or final maturity, in each case due within one year of the date of purchase, repurchase or acquisition; or 

  
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 (4) make any Restricted Investment; 

(all such payments and other actions set forth in clauses (1) and (2) above (other than any exception thereto) being collectively referred
to as “Restricted Dividends”, all such payments and other actions set forth in clause (3) above (other than any exception thereto) being collectively referred to as “Restricted Debt Payments” and all
such payments and other actions set forth in clauses (1) through (4) above (other than any exception thereto) being collectively referred to as “Restricted Payments”), unless, at the time of
such Restricted Payment: 
 (i) [reserved]; 

(ii) [reserved]; and 

(iii) such Restricted Payment, together with the aggregate amount of all other Restricted Payments made by the Borrower and the
Restricted Subsidiaries after the Closing Date (excluding Restricted Payments permitted by Section 10.5(b)), is less than the sum of (without duplication) (the sum of the amounts attributable to
clauses (A) through (H) below is referred to herein as the “Available Amount”): 

(A) an amount equal to the greater of (A) 50% of the Consolidated Net Income of the Borrower for the period (taken as one
accounting period) from the first day of the fiscal quarter during which the Closing Date occurs to the end of the Borrower’s most recently ended fiscal quarter for which internal financial statements are available at the time of such
Restricted Payment and (B) the sum of Excess Cash Flow (but not less than zero in any period), on a quarterly basis, commencing with the first fiscal quarter of the fiscal year ending on January 30, 2021 and Excess Cash Flow for each
succeeding completed fiscal year as of such date, in each case, that was not required to prepay Term Loan Borrowings pursuant to Section 5.2(a)(ii), plus 

(B) 100% of the aggregate net cash proceeds and the Fair Market Value of marketable securities or other property received by
the Borrower since immediately after the Closing Date (other than net cash proceeds to the extent such net cash proceeds have been used to incur Indebtedness, Disqualified Stock or preferred stock pursuant to clause (l)(i)
of Section 10.1) from the issue or sale of (x) Equity Interests of the Borrower, including Retired Capital Stock, but excluding cash proceeds and the Fair Market Value of marketable securities or other property
received from the sale of (A) Equity Interests to any employee, director, manager or consultant of the Borrower, any direct or indirect parent company of the Borrower and the Borrower’s Subsidiaries after the Closing Date to the extent
such amounts have been applied to Restricted Payments made in accordance with clause (4) of Section 10.5(b) below, and (B) Designated Preferred Stock, and, to the extent such net cash proceeds
are actually contributed to the Borrower, Equity Interests of any direct or indirect parent company of the Borrower (excluding contributions of the proceeds from the sale of Designated Preferred Stock of such companies or contributions to the extent
such amounts have been applied to Restricted Payments made in accordance with clause (4) of Section 10.5(b) below) or (y) Indebtedness of the Borrower or any Restricted Subsidiary that has
been converted into or exchanged for such Equity Interests of the Borrower or any Parent 

  
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Entity of the Borrower; provided that this clause (B) shall not include the proceeds from (a) Refunding Capital Stock, (b) Equity Interests or
Indebtedness that has been converted or exchanged for Equity Interests of the Borrower sold to any Restricted Subsidiary, as the case may be, (c) Disqualified Stock or Indebtedness that has been converted or exchanged into Disqualified Stock or
(d) Excluded Contributions, plus 
 (C) 100% of the aggregate amount of cash and the Fair Market Value of
marketable securities or other property contributed to the capital of the Borrower following the Closing Date (other than net cash proceeds to the extent such net cash proceeds (i) have been used to incur Indebtedness, Disqualified Stock or
preferred stock pursuant to clause (l)(i) of Section 10.1, (ii) are contributed by a Restricted Subsidiary or (iii) constitute Excluded Contributions), plus 

(D) 100% of the aggregate amount received in cash and the Fair Market Value of marketable securities or other property received
by means of (A) the sale or other disposition (other than to the Borrower or a Restricted Subsidiary) of Restricted Investments made by the Borrower and the Restricted Subsidiaries and repurchases and redemptions of such Restricted Investments
from the Borrower and the Restricted Subsidiaries and repayments of loans or advances, and releases of guarantees, which constitute Restricted Investments made by the Borrower or the Restricted Subsidiaries, in each case, after the Closing Date; or
(B) the sale (other than to the Borrower or a Restricted Subsidiary) of the stock of an Unrestricted Subsidiary or a distribution from an Unrestricted Subsidiary (other than in each case to the extent the Investment in such Unrestricted
Subsidiary was made by the Borrower or a Restricted Subsidiary pursuant to clause (7) of Section 10.5(b) below or to the extent such Investment constituted a Permitted Investment) or a dividend
from an Unrestricted Subsidiary after the Closing Date, plus 
 (E) to the extent not already reflected as a return of
capital with respect to such Restricted Investment for purposes of determining the amount of such Restricted Investment, 100% of the proceeds received by the Borrower and/or any Restricted Subsidiary during the period from and including the day
immediately following the Closing Date through and including such time in connection with cash returns, cash profits, cash distributions and similar cash amounts, including cash principal repayments of loans, in each case received in respect of any
Restricted Investment (other than to the extent such Investment constituted a Permitted Investment); plus 
 (F) in
the case of the redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary after the Closing Date, the Fair Market Value of the Investment in such Unrestricted Subsidiary at the time of the redesignation of such Unrestricted Subsidiary
as a Restricted Subsidiary, other than to the extent the Investment in such Unrestricted Subsidiary was made by the Borrower or a Restricted Subsidiary pursuant to clause (7) of Section 10.5(b)
below or to the extent such Investment constituted a Permitted Investment, plus 
 (G) the aggregate amount of any
Retained Declined Proceeds and Retained Asset Sale Proceeds since the Closing Date, plus 
 (H) the greater of
(x) $91,250,000 and (y) 40% of Consolidated EBITDA for the most recently ended Test Period (calculated on Pro Forma Basis). 

  
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 (b) The foregoing provisions of Section 10.5(a) will not prohibit:

 (1) the payment of any dividend or distribution or the consummation of any irrevocable redemption within 60 days
after the date of declaration thereof or the giving of such irrevocable notice, as applicable, if at the date of declaration or the giving of such notice such payment would have complied with the provisions of this Agreement; 

(2) (a) the redemption, repurchase, retirement or other acquisition of any Equity Interests (“Retired Capital
Stock”) or Junior Debt of the Borrower or any Restricted Subsidiary, or any Equity Interests of any Parent Entity of the Borrower, in exchange for, or out of the proceeds of the substantially concurrent sale or issuance (other than to a
Restricted Subsidiary) of, Equity Interests of the Borrower or any direct or indirect Parent Entity or management investment vehicle to the extent contributed to the Borrower (in each case, other than any Disqualified Stock) (“Refunding
Capital Stock”) and (b) if immediately prior to the retirement of Retired Capital Stock, the declaration and payment of dividends thereon was permitted under clause (6) of this
Section 10.5(b), the declaration and payment of dividends on the Refunding Capital Stock (other than Refunding Capital Stock the proceeds of which were used to redeem, repurchase, retire or otherwise acquire any Equity
Interests of any direct or indirect Parent Entity) in an aggregate amount per year no greater than the aggregate amount of dividends per annum that was declarable and payable on such Retired Capital Stock immediately prior to such retirement; 

(3) the prepayment, redemption, defeasance, repurchase or other acquisition or retirement for value of Junior Debt of the
Borrower or a Restricted Subsidiary made by exchange for, or out of the proceeds of the substantially concurrent sale of, new Indebtedness of the Borrower or a Restricted Subsidiary, as the case may be, which is incurred in compliance with
Section 10.1 so long as: (A) the principal amount (or accreted value, if applicable) of such new Indebtedness does not exceed the principal amount of (or accreted value, if applicable), plus any accrued and unpaid
interest on the Junior Debt being so redeemed, defeased, repurchased, exchanged, acquired or retired for value, plus the amount of any premium (including reasonable tender premiums), defeasance costs and any reasonable fees and expenses incurred in
connection with the issuance of such new Indebtedness, (B) if such Junior Debt is subordinated to the Obligations, such new Indebtedness is subordinated to the Obligations or the applicable Guarantee at least to the same extent as such Junior
Debt so purchased, exchanged, redeemed, defeased, repurchased, acquired or retired for value, (C) such new Indebtedness has a final scheduled maturity date equal to or later than the final scheduled maturity date of the Junior Debt being so
redeemed, defeased, repurchased, exchanged, acquired or retired, (D) if such Junior Debt so purchased, exchanged, redeemed, repurchased, acquired or retired for value is (i) unsecured then such new Indebtedness shall be unsecured or
(ii) Permitted Other Indebtedness incurred pursuant to Section 10.1(x)(i) and is secured by a Lien on the Collateral ranking junior to the Liens securing the Obligations then such new Indebtedness shall be unsecured or
secured by a Lien ranking junior to the Liens securing the Obligations, and (E) such new Indebtedness has a weighted average life to maturity equal to or greater than the remaining weighted average life to maturity of the Junior Debt being so
redeemed, defeased, repurchased, exchanged, acquired or retired; 
 (4) a Restricted Payment to pay for the repurchase,
retirement or other acquisition or retirement for value of Equity Interests (other than Disqualified Stock) of the Borrower or any Parent Entity or management investment vehicle held by any future, present or former employee, director, manager or
consultant of the Borrower, any of its Subsidiaries or any direct or indirect Parent Entity or management investment vehicle or their estates, descendants, family, spouse or 

  
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former spouse pursuant to any management equity plan or stock option or phantom equity plan or any other management or employee benefit plan or agreement, or any stock subscription or shareholder
agreement (including, for the avoidance of doubt, any principal and interest payable on any notes issued by the Borrower or any Parent Entity or management investment vehicle in connection with such repurchase, retirement or other acquisition),
including any Equity Interests rolled over by management of the Borrower or any direct or indirect Parent Entity of the Borrower or management investment vehicle or any Investor in connection with the Transactions; provided that, except with
respect to non-discretionary purchases, the aggregate Restricted Payments made under this clause (4) subsequent to the Closing Date do not exceed in any calendar year the greater of
(a) $23,000,000 and (b) 10% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) (which subsequent to the consummation of an IPO shall increase to the greater of (a) $45,750,000 and
(b) 20% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis)) (with unused amounts in any calendar year being carried over to succeeding calendar years); provided, further, that
such amount in any calendar year may be increased by an amount not to exceed: (A) the cash proceeds from the sale of Equity Interests (other than Disqualified Stock or Excluded Contributions) of the Borrower and, to the extent contributed to
the Borrower, the cash proceeds from the sale of Equity Interests of any direct or indirect Parent Entity or management investment vehicle, in each case to any future, present or former employees, directors, managers or consultants of the Borrower,
any of its Subsidiaries or any direct or indirect Parent Entity or management investment vehicle that occurs after the Closing Date, to the extent the cash proceeds from the sale of such Equity Interests have not otherwise been applied to incur
Indebtedness, Disqualified Stock or preferred stock pursuant to clause (l)(i) of Section 10.1 or to the payment of Restricted Payments by virtue of clause (iii) of
Section 10.5(a), plus (B) the cash proceeds of key man life insurance policies received by the Borrower and the Restricted Subsidiaries after the Closing Date, less (C) the amount of any Restricted Payments
previously made pursuant to clauses (A) and (B) of this clause (4); and provided, further, that cancellation of Indebtedness owing to the Borrower or any Restricted
Subsidiary from any future, present or former employees, directors, managers or consultants of the Borrower, any direct or indirect Parent Entity or management investment vehicle or any Restricted Subsidiary, or their estates, descendants, family,
spouse or former spouse in connection with a repurchase of Equity Interests of the Borrower or any direct or indirect Parent Entity or management investment vehicle will not be deemed to constitute a Restricted Payment for purposes of this
Section 10.5 or any other provision of this Agreement; 
 (5) the declaration and payment of
dividends to holders of any class or series of Disqualified Stock of the Borrower or any Restricted Subsidiary or any class or series of preferred stock of any Restricted Subsidiary, in each case, issued or outstanding in accordance with
Section 10.1 to the extent such dividends are included in the definition of Fixed Charges; 
 (6)
(A) the declaration and payment of dividends to holders of any class or series of Designated Preferred Stock (other than Disqualified Stock) issued by the Borrower after the Closing Date; (B) the declaration and payment of dividends to any
Parent Entity of the Borrower, the proceeds of which will be used to fund the payment of dividends to holders of any class or series of Designated Preferred Stock (other than Disqualified Stock) of such Parent Entity issued after the Closing Date;
provided that the amount of dividends paid pursuant to this clause (B) shall not exceed the aggregate amount of cash actually contributed to the Borrower from the sale of such Designated Preferred Stock; or
(C) the declaration and payment of dividends on Refunding Capital Stock in excess of the dividends declarable and payable thereon pursuant to clause (2) of this Section 10.5(b);
provided that, in the case of each of (A), (B), and (C) of this clause (6), for the most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the
date of issuance of such Designated Preferred Stock or the declaration of such dividends on Refunding Capital Stock, after giving effect to such issuance or declaration on a pro forma basis, the Borrower and the Restricted Subsidiaries on a
consolidated basis would have had a Fixed Charge Coverage Ratio of at least 2.00:1.00; 

  
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 (7) Investments in Unrestricted Subsidiaries having an aggregate Fair Market
Value, taken together with all other Investments made pursuant to this clause (7) that are at the time outstanding, in an aggregate amount outstanding not to exceed the greater of (x) $51,500,000 and (y) 22.5% of
Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) at the time of such Investment (with the Fair Market Value of each Investment being measured at the time made and without giving effect to subsequent
changes in value); 
 (8) (i) payments made or expected to be made by the Borrower or any Restricted Subsidiary in respect of
withholding or similar taxes payable upon exercise of Equity Interests by any future, present or former employee, director, manager, or consultant and repurchases of Equity Interests deemed to occur upon exercise of stock options or warrants if such
Equity Interests represent a portion of the exercise price of such options or warrants and (ii) payments or other adjustments to outstanding Equity Interests in accordance with any management equity plan, stock option plan or any other similar
employee benefit plan, agreement or arrangement in connection with any Restricted Payment; 
 (9) the declaration and payment
of dividends on the Borrower’s common stock (or the payment of dividends to any Parent Entity of the Borrower to fund a payment of dividends on such company’s common stock), following consummation of an IPO, not to exceed the sum
(a) of up to 6.00% per annum of the net cash proceeds received by or contributed to the Borrower in or from such IPO, other than public offerings with respect to the Borrower’s common stock registered on
Form S-8 and other than any public sale constituting an Excluded Contribution and (b) up to 7.00% of the market capitalization of the Borrower; 

(10) Restricted Payments in an amount that does not exceed the amount of Excluded Contributions made since the Closing Date to
the extent not applied to incur Indebtedness or Liens pursuant to Section 10.1(bb) or 10.5(b)(10); 

(11) other Restricted Payments (other than a Restricted Debt Payment) in an aggregate amount taken together with all other
Restricted Payments made pursuant to this clause not to exceed the sum of (i) the greater of (x) $57,000,000 and (y) 25% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) at the time
made, (ii) the Available Investments Amount and (iii) the Available Restricted Debt Payments Amount; 
 (12)
distributions or payments of Receivables Fees; 
 (13) any Restricted Payment made in connection with the Transactions
(including to holders of Equity Interests of the Borrower in connection with, or as a result of, their exercise of appraisal rights and the settlement of any claims or actions (whether actual, contingent or potential) with respect thereto), in each
case, with respect to the Transactions and the fees and expenses related thereto or used to fund amounts owed to Affiliates (including dividends to any direct or indirect parent company of the Borrower to permit payment by such parent of such
amount), to the extent permitted by Section 9.9 (other than clause (b) thereof), and Restricted Payments in respect of working capital adjustments or purchase price adjustments pursuant to any
Permitted Acquisition or other Permitted Investment and to satisfy indemnity and other similar obligations under any Permitted Acquisitions or other Permitted Investments; 

  
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 (14) other Restricted Payments; provided that (x) after giving
Pro Forma Effect to such Restricted Payments with respect to any Restricted Dividend, the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio is equal to or less than 3.50:1.00, (y) after giving Pro Forma Effect to such Restricted
Payments with respect to any Restricted Debt Payment, the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio is equal to or less than 2.75:1.00 and (z) no Event of Default under Section 11.1(a) or
Section 11.1(e) shall have occurred and be continuing or would occur as a consequence thereof; 

(15) the declaration and payment of dividends to, or the making of loans to, Holdings or any direct or indirect Parent Entity
in amounts required for Holdings and any direct or indirect Parent Entity to pay: (A) franchise and excise Taxes, and other fees and expenses, required to maintain its organizational existence and privilege of doing business,
(B) consolidated, combined or similar foreign, federal, state and/or local income and similar Taxes, to the extent that such income and similar Taxes are attributable to the income of the Borrower and its Subsidiaries; provided
that in each case the aggregate amount of such payments with respect to any taxable year does not exceed the amount that the Borrower and its applicable Subsidiaries would have been required to pay in respect of such Taxes for such taxable
year had the Borrower and such Subsidiaries been a stand-alone taxpayer or stand-alone group (separate from any such direct or indirect parent company) for all taxable years ending after the Closing Date, (C) customary salary, bonus, and other
benefits payable to officers, employees, directors, and managers of any direct or indirect parent company of the Borrower to the extent such salaries, bonuses, and other benefits are attributable to the ownership or operation of the Borrower and its
Restricted Subsidiaries, including the Borrower’s proportionate share of such amount relating to such Parent Entity being a public company, (D) general corporate or other operating (including, without limitation, expenses related to
auditing or other accounting matters) and overhead costs and expenses of any direct or indirect Parent Entity to the extent such costs and expenses are attributable to the ownership or operation of the Borrower and its Restricted Subsidiaries,
including the Borrower’s proportionate share of such amount relating to such Parent Entity being a public company, (E) amounts required for any direct or indirect Parent Entity to pay fees and expenses incurred by any direct or indirect
Parent Entity related to (i) the maintenance by such parent entity of its corporate or other entity existence and (ii) transactions of such Parent Entity of the type described in clause (xi) of the definition of
Consolidated Net Income, (F) cash payments in lieu of issuing fractional shares in connection with the exercise of warrants, options or other securities convertible into or exchangeable for Equity Interests of the Borrower or any such direct or
indirect Parent Entity, and (G) repurchases deemed to occur upon the cashless exercise of stock options; 
 (16) the
repurchase, redemption or other acquisition for value of Equity Interests of the Borrower deemed to occur in connection with paying cash in lieu of fractional shares of such Equity Interests in connection with a share dividend, distribution, share
split, reverse share split, merger, consolidation, amalgamation or other business combination of the Borrower, in each case, permitted under this Agreement; 

(17) the distribution, by dividend or otherwise, of shares of Capital Stock of, or Indebtedness owed to the Borrower or a
Restricted Subsidiary by, Unrestricted Subsidiaries (other than Unrestricted Subsidiaries, the primary assets of which are cash and/or Cash Equivalents); 

(18) the prepayment, redemption, defeasance, repurchase or other acquisition or retirement for value of Junior Debt in an
aggregate amount pursuant to this clause (18) not to exceed the sum of (x) the greater of (i) $57,000,000 and (ii) 25% of Consolidated EBITDA for the most recently ended Test Period (calculated on a
Pro Forma Basis), (y) the Available Investments Amounts and (z) the Available Restricted Payments Amount; 

  
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 (19) undertaking or consummating any IPO Reorganization Transactions; 

(20) payments or distributions to satisfy dissenters’ rights, pursuant to or in connection with a consolidation,
amalgamation, merger or transfer of assets that complies with Section 10.3; and 
 (21) any
Restricted Payment made in connection with the Transactions and the fees and expenses related thereto or used to fund amounts owed to Affiliates (including dividends to any direct or indirect parent company of the Borrower to permit payment by such
parent of such amount), to the extent permitted by Section 9.9 (other than clause (b) thereof); 

The Borrower will not permit any Unrestricted Subsidiary to become a Restricted Subsidiary except pursuant to the penultimate and last
sentences of the definition of Unrestricted Subsidiary. For purposes of designating any Restricted Subsidiary as an Unrestricted Subsidiary, all outstanding Investments by the Borrower and the Restricted Subsidiaries (except to the extent repaid) in
the Subsidiary so designated will be deemed to be Restricted Payments in an amount determined as set forth in the last sentence of the definition of Investment. Such designation will be permitted only if a Restricted Payment in such amount would be
permitted at such time, whether pursuant to Section 10.5(a) or under clauses (7), (10), (11) or (14) of Section 10.5(b), or pursuant to the
definition of Permitted Investments, and if such Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. Unrestricted Subsidiaries will not be subject to any of the restrictive covenants set forth in this Agreement. 

For purposes of determining compliance, with Section 10.5, the Borrower may redesignate any Restricted Payment or Investment (or any
portion thereof) originally designated as made pursuant to one of the categories of permitted Restricted Payments or Investments described in clauses (1) through (21) above or is entitled to be made pursuant to
Section 10.5(a) and/or one or more of the exceptions contained in the definition of Permitted Investments as having been incurred under one of the other such categories of permitted Restricted Payments or Investments described in
clauses (1) through (21) above or is entitled to be made pursuant to Section 10.5(a) and/or one or more of the exceptions contained in the definition of Permitted Investments, so long as at the time of such
redesignation, the Borrower would be permitted to make under such other category of permitted Restricted Payment or Investment the aggregate amount of the Restricted Payment or Investment being so redesignated (for purposes of clarity, with any such
redesignation having the effect of increasing the Borrower’s ability to make Restricted Payments or Investments under such other category of permitted Restricted Payment or Investment as of the date of such redesignation by the amount of the
Restricted Payment or Investment so redesignated). 
 (c) Prior to the Initial Term Loan Maturity Date, to the extent any Permitted Debt
Exchange Notes are issued pursuant to Section 10.1(y) for the purpose of consummating a Permitted Debt Exchange, (i) the Borrower will not, and will not permit its Restricted Subsidiaries to, prepay, repurchase, redeem
or otherwise defease or acquire any Permitted Debt Exchange Notes unless the Borrower or a Restricted Subsidiary shall concurrently voluntarily prepay Term Loans pursuant to Section 5.1(a) on a pro rata basis among the
Term Loans, in an amount not less than the product of (x) a fraction, the numerator of which is the aggregate principal amount (calculated on the face amount thereof) of such Permitted Debt Exchange Notes that are proposed to be prepaid,
repurchased, redeemed, defeased or acquired and the denominator of which is the aggregate principal amount (calculated on the face amount thereof) of all Permitted Debt Exchange Notes in respect of the relevant Permitted Debt Exchange then
outstanding (prior to giving effect to such proposed prepayment, repurchase, redemption, defeasance 

  
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or acquisition) and (y) the aggregate principal amount (calculated on the face amount thereof) of Term Loans then outstanding and (ii) the Borrower will not waive, amend or modify the
terms of any Permitted Debt Exchange Notes or any indenture pursuant to which such Permitted Debt Exchange Notes have been issued in any manner inconsistent with the terms of Section 2.15(a),
Section 10.1(y), or the definition of Permitted Other Indebtedness or that would result in an Event of Default hereunder if such Permitted Debt Exchange Notes (as so amended or modified) were then being issued or incurred.

 10.6 Limitation on Subsidiary Distributions and Negative Pledges. The Borrower will not permit any of its Restricted Subsidiaries
that are not Credit Parties to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or consensual restriction on the ability of any such Restricted Subsidiary to: 

(a) (i) pay dividends or make any other distributions to the Borrower or any Restricted Subsidiary on its Capital Stock or with respect to any
other interest or participation in, or measured by, its profits or (ii) pay any Indebtedness owed to the Borrower or any Restricted Subsidiary; 

(b) make loans or advances to the Borrower or any Restricted Subsidiary; 

(c) sell, lease or transfer any of its properties or assets to the Borrower or any Restricted Subsidiary; or 

(d) create, incur, assume or suffer to exist any Lien upon any of their respective properties or revenues, whether now owned or hereafter
acquired, for the benefit of the Secured Parties with respect to the Obligations or under the Credit Documents; 
 except (in each case) for such
encumbrances or restrictions (x) which the Borrower has reasonably determined in good faith will not materially impair the Borrower’s ability to make payments under this Agreement when due or (y) existing under or by reason of: 

(i) contractual encumbrances or restrictions in effect on the Closing Date, including pursuant to this Agreement and the
related documentation and related Hedging Obligations; 
 (ii) the ABL Credit Documents and the ABL Loans; 

(iii) purchase money obligations for property acquired in the ordinary course of business or consistent with past practice and
Capitalized Lease Obligations that impose restrictions of the nature discussed in clauses (c) or (d) above on the property so acquired; 

(iv) Requirements of Law or any applicable rule, regulation or order, or any request of any Governmental Authority having
regulatory authority over the Borrower or any of its Subsidiaries; 
 (v) any agreement or other instrument of a Person
acquired by or merged or consolidated with or into the Borrower or any Restricted Subsidiary, or of an Unrestricted Subsidiary that is designated a Restricted Subsidiary, or that is assumed in connection with the acquisition of assets from such
Person, in each case that is in existence at the time of such transaction (but not created in contemplation thereof), which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person
and its Subsidiaries, or the property or assets of the Person and its Subsidiaries, so acquired or designated; 

  
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 (vi) contracts for the sale of assets, including customary restrictions with
respect to a Subsidiary of the Borrower pursuant to an agreement that has been entered into for the sale or disposition of all or substantially all of the Capital Stock or assets of such Subsidiary and restrictions on transfer of assets subject to
Permitted Liens; 
 (vii) (x) secured Indebtedness otherwise permitted to be incurred pursuant to
Sections 10.1 and 10.2 that limit the right of the debtor to dispose of the assets securing such Indebtedness and (y) restrictions on transfers of assets subject to Permitted Liens (but, with respect to any such
Permitted Lien, only to the extent that such transfer restrictions apply solely to the assets that are the subject of such Permitted Lien); 

(viii) restrictions on cash or other deposits or net worth imposed by customers under contracts entered into in the ordinary
course of business; 
 (ix) other Indebtedness, Disqualified Stock or preferred stock of Restricted Subsidiaries permitted to
be incurred subsequent to the Closing Date pursuant to the provisions of Section 10.1; 
 (x)
customary provisions in joint venture agreements or arrangements and other similar agreements or arrangements relating solely to such joint venture and the Equity Interests issued thereby; 

(xi) customary provisions contained in leases, sub-leases, licenses, sub-licenses or similar agreements, in each case, entered into in the ordinary course of business; 

(xii) restrictions created in connection with any Receivables Facility that, in the good faith determination of the board of
directors (or analogous governing body) of the Borrower, are necessary or advisable to effect such Receivables Facility; and 

(xiii) any encumbrances or restrictions of the type referred to in clauses (a), (b),
(c) and (d) above imposed by any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred to in
clauses (i) through (xii) above; provided that such amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements, or refinancings (x) are, in the good faith
judgment of the Borrower’s board of directors (or analogous governing body), no more restrictive in any material respect with respect to such encumbrance and other restrictions taken as a whole than those prior to such amendment, modification,
restatement, renewal, increase, supplement, refunding, replacement or refinancing or (y) do not materially impair the Borrower’s ability to pay its obligations under the Credit Documents as and when due (as determined in good faith by the
Borrower). 
 10.7 Permitted Activities. Holdings shall not conduct, transact or otherwise engage in any business or operations other
than (i) the ownership and/or acquisition of the Capital Stock of the Borrower, (ii) the maintenance of its legal existence, including the ability to incur fees, costs and expenses relating to such maintenance, (iii) participating in
tax, accounting and other administrative matters as owner of the Capital Stock of the Borrower and its Subsidiaries and reporting related to such matters, (iv) the performance of its obligations under and in connection with the Credit
Documents, any documentation governing the ABL Facility, any documentation governing Permitted Other Indebtedness, any refinancing thereof and the other agreements contemplated hereby and thereby, (v) any public offering of its common stock or
any other issuance or registration of its Capital Stock for sale or resale not prohibited by this Section 10 (or that would be permitted to the extent that Holdings was considered 

  
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to be the Borrower and/or a Restricted Subsidiary), including the ability to incur costs, fees and expenses related thereto, (vi) incurring fees, costs and expenses relating to overhead and
general operations including professional fees for legal, tax and accounting matters, (vii) providing indemnification to officers and directors and as otherwise permitted hereunder, (viii) activities incidental to the consummation of the
Transactions, (ix) financing activities, including the issuance of securities, incurrence of debt, payment of dividends, making contributions to the capital of the Borrower and guaranteeing the obligations of the Borrower, (x) any other
transaction permitted pursuant to this Section 10, (xi) the ownership of assets owned by Holdings on the Closing Date, (xii) undertaking or consummating any IPO Reorganization Transactions or any transaction related thereto or contemplated
thereby and (xiii) activities incidental to the businesses or activities described in clauses (i) through (xii) of this Section 10.7. 

Section 11. Events of Default and Remedies. 

11.1 Events of Default. Any of the following from and after the Closing Date shall constitute an event of default (each an
“Event of Default”): 
 (a) Payments. The Borrower shall (i) default in the payment when due of any principal of
the Loans or (ii) default, and such default shall continue for five or more Business Days, in the payment when due of any interest on the Loans or any Fees or of any other amounts owing hereunder or under any other Credit Document; or 

(b) Representations, Etc. Any representation, warranty or statement made or deemed made by any Credit Party herein or in any other
Credit Document or any certificate delivered or required to be delivered pursuant hereto or thereto shall prove to be untrue in any material respect on the date as of which made or deemed made, and, to the extent capable of being cured, such
incorrect representation or warranty shall remain incorrect for a period of 30 days after written notice thereof from the Administrative Agent to the Borrower; or 

(c) Covenants. Any Credit Party shall: 

(i) default in the due performance or observance by it of any term, covenant or agreement contained in
Section 9.1(e)(i), Section 9.5 (solely with respect to the Borrower) or Section 10; provided that any Event of Default in respect of
Section 9.1(e)(i) shall be automatically deemed to be cured upon delivery of the relevant notice thereunder; or 

(ii) default in the due performance or observance by it of any term, covenant or agreement (other than those referred to in
Section 11.1(a) or (b) or clause (i) of this Section 11.1(c)) contained in this Agreement or any Security Document and such default shall continue unremedied for a period of
at least 30 days after receipt of written notice by the Borrower from the Administrative Agent or the Required Lenders; or 
 (d)
Default Under Other Agreements. (i) Holdings, the Borrower or any of the Restricted Subsidiaries shall (1) fail to make any payment with respect to any Indebtedness (other than the Obligations) in excess of the greater of
(x) $45,750,000 and (y) 20% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) in the aggregate, for Holdings, the Borrower and such Restricted Subsidiaries, beyond the period of grace and
following all required notices, if any, provided in the instrument or agreement under which such Indebtedness was created or (2) default in the observance or performance of any agreement or condition relating to any such Indebtedness or
contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist (after giving effect to all applicable grace periods and delivery of all required

  
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notices) (other than, with respect to Indebtedness consisting of any Hedge Agreements, termination events or equivalent events pursuant to the terms of such Hedge Agreements (it being understood
that clause (i) shall apply to any failure to make any payment in excess of the greater of (x) $45,750,000 and (y) 20% of Consolidated EBITDA for the most recently ended Test Period (calculated on a
Pro Forma Basis) that is required as a result of any such termination or similar event and that is not otherwise being contested in good faith)), the effect of which default or other event or condition is to cause, or to permit the holder or
holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause, any such Indebtedness to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase,
prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity; provided that this clause (i) shall not apply to secured Indebtedness that becomes due as a result of the sale, transfer or other
disposition (including as a result of a casualty or condemnation event) of the property or assets securing such Indebtedness (to the extent such sale, transfer or other disposition is not prohibited under this Agreement), or (ii) without
limiting the provisions of clause (i) above, any such Indebtedness shall be declared to be due and payable, or required to be prepaid other than by a regularly scheduled required prepayment or as a mandatory prepayment
(and, with respect to Indebtedness consisting of any Hedge Agreements, other than due to a termination event or equivalent event pursuant to the terms of such Hedge Agreements (it being understood that clause (i)(1) above
shall apply to any failure to make any payment in excess of the greater of (x) $45,750,000 and (y) 20% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) that is required as a result of
any such termination or equivalent event and that is not otherwise being contested in good faith)), prior to the stated maturity thereof; provided that this clause (ii) shall not apply to (x) secured
Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness, if such sale or transfer is permitted hereunder and under the documents providing for such Indebtedness,
(y) Indebtedness which is convertible into Qualified Stock and converts to Qualified Stock in accordance with its terms and such conversion is not prohibited hereunder, or (z) any breach or default that is (I) remedied by Holdings,
the Borrower or the applicable Restricted Subsidiary or (II) waived (including in the form of amendment) by the required holders of the applicable item of Indebtedness, in either case, prior to the acceleration of Loans pursuant to this
Section 11; provided that any acceleration of the ABL Loans or termination of the Commitments (as defined in the ABL Credit Agreement) as a result of a default under Section 6.11 of the ABL Credit Agreement
shall not constitute an Event of Default pursuant to this Section 11.1(d) until the date on which the ABL Loans (if any) have been accelerated or the Commitments (as defined in the ABL Credit Agreement) have been
terminated, in each case, by the Required Lenders (as defined in the ABL Credit Agreement), such declaration has remained outstanding for thirty (30) consecutive days and such declaration has not been rescinded on or before such date; or 

(e) Bankruptcy, Etc. Except as otherwise permitted by Section 10.3, Holdings, the Borrower or any Significant
Subsidiary shall commence a voluntary case, proceeding or action concerning itself under Title 11 of the United States Code entitled “Bankruptcy” as now or hereafter in effect, or any successor thereto (collectively, the
“Bankruptcy Code”) or under any other applicable Bankruptcy Law; or an involuntary case, proceeding or action is commenced against Holdings, the Borrower or any Significant Subsidiary under the Bankruptcy Code or any other
applicable Bankruptcy Law and the petition is not controverted within 60 days after the filing of a petition to commence such case, proceeding or action; or an involuntary case, proceeding or action is commenced against Holdings, the Borrower
or any Significant Subsidiary under the Bankruptcy Code or any other applicable Bankruptcy Law and the petition is not dismissed within 60 days after commencement of the case, proceeding or action; or a custodian (as defined in the Bankruptcy
Code), judicial manager, compulsory manager, receiver, receiver manager, trustee, liquidator, administrator, administrative receiver or similar Person is appointed for, or takes charge of, all or substantially all of the property of Holdings, the
Borrower or any Significant Subsidiary; or Holdings, the Borrower or any Significant Subsidiary commences any other voluntary proceeding or action under any reorganization, arrangement, adjustment of debt, relief of

  
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debtors, dissolution, insolvency, winding-up, administration or liquidation or similar law of any jurisdiction whether now or hereafter in effect relating
to Holdings, the Borrower or any Significant Subsidiary; or there is commenced against Holdings, the Borrower or any Significant Subsidiary any such proceeding or action that remains undismissed for a period of 60 days; or Holdings, the
Borrower or any Significant Subsidiary is adjudicated bankrupt; or any order of relief or other order approving any such case or proceeding or action is entered; or Holdings, the Borrower or any Significant Subsidiary suffers any appointment of any
custodian receiver, receiver manager, trustee, administrator or the like for it or any substantial part of its property to continue undischarged or unstayed for a period of 60 days; or Holdings, the Borrower or any Significant Subsidiary makes
a general assignment for the benefit of its creditors; or 
 (f) ERISA. (i) An ERISA Event or a Foreign Plan Event shall have
occurred, (ii) a trustee shall be appointed by a United States district court to administer any Pension Plan(s), (iii) the PBGC shall institute proceedings to terminate any Pension Plan(s), or (iv) any Credit Party or any of their
respective ERISA Affiliates shall have been notified by the sponsor of a Multiemployer Plan that it has incurred or will be assessed Withdrawal Liability to such Multiemployer Plan and such entity does not have reasonable grounds for contesting such
Withdrawal Liability or is not contesting such Withdrawal Liability in a timely and appropriate manner, and in each case in clauses (i) through (iv) above, such event or condition, together with all other such
events or conditions, if any, would reasonably be expected to result in a Material Adverse Effect; or 
 (g) Guarantee. Other than as
expressly permitted hereunder, any Guarantee provided by any Credit Party or any material provision thereof shall, subject to the Legal Reservations, cease to be in full force or effect (other than pursuant to the terms hereof and thereof) or any
such Guarantor thereunder or any other Credit Party shall deny or disaffirm in writing any such Guarantor’s obligations under the Guarantee; or 

(h) Guarantee and Collateral Agreement. Other than as expressly permitted hereunder, (i) the Guarantee and Collateral Agreement or
any other Security Document pursuant to which the Capital Stock or Stock Equivalents of the Borrower or any Material Subsidiary is pledged or any material provision thereof shall, subject to the Legal Requirements, cease to be in full force or
effect (other than pursuant to the terms hereof or thereof, solely as a result of acts or omissions of the Collateral Agent or solely as a result of the Collateral Agent’s failure to maintain possession of any Capital Stock or Stock Equivalents
that have been previously delivered to it) or any pledgor thereunder or any Credit Party shall deny or disaffirm in writing any pledgor’s obligations under any Security Document or (ii) the Guarantee and Collateral Agreement or any other
Security Document pursuant to which the assets of Holdings, the Borrower or any Material Subsidiary are pledged as Collateral or any material provision thereof shall, subject to the Legal Reservations, cease to be in full force or effect or create a
valid and perfected Lien, with the priority required by this Agreement, the Security Documents, the ABL Intercreditor Agreement, the First Lien Intercreditor Agreement and any Second Lien Intercreditor Agreement, on and security interest in a
material portion of the Collateral (in each case, other than pursuant to the terms hereof or thereof or solely as a result of acts or omissions of the Collateral Agent (including as a result of the Collateral Agent’s failure to file a Uniform
Commercial Code continuation statement)) or any grantor thereunder or any Credit Party shall deny or disaffirm in writing any grantor’s obligations under the Guarantee and Collateral Agreement or any other Security Document; or 

(i) [Reserved]. 

  
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 (j) Judgments. One or more final judgments or decrees shall be entered against the
Borrower or any of the Restricted Subsidiaries involving a liability in excess of the greater of (x) $45,750,000 and (y) 20% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) in the
aggregate for all such judgments and decrees for the Borrower and the Restricted Subsidiaries (to the extent not covered by insurance or indemnities as to which the applicable insurance company or third party has not denied coverage) and any such
judgments or decrees shall not have been satisfied, vacated, discharged or stayed or bonded pending appeal within 60 days after the entry thereof; or 

(k) Change of Control. A Change of Control shall occur. 

11.2 Remedies Upon Event of Default. If an Event of Default occurs and is continuing (but, with respect to clauses (a)(ii)(with
respect to fees expenses only), (b), (c), (d), (j) or (k) of Section 11.1, solely at any time up to two years following the first public notice or notice of the Administrative Agent
and Lenders of such event), the Administrative Agent shall, upon the written request of the Required Lenders, by written notice to the Borrower, without prejudice to the rights of the Administrative Agent or any Lender to enforce its claims against
Holdings or the Borrower, except as otherwise specifically provided for in this Agreement, declare the principal of and any accrued interest and fees in respect of all Loans and all Obligations to be, whereupon the same shall become, forthwith due
and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower to the extent permitted by applicable law; provided that, if an Event of Default specified in
Section 11.1(e) shall occur with respect to the Borrower or Holdings, the result that would occur upon the giving of written notice by the Administrative Agent shall occur automatically without the giving of any such
notice. 
 11.3 Application of Proceeds. Subject to the terms of the ABL Intercreditor Agreement, any First Lien Intercreditor
Agreement and any Second Lien Intercreditor Agreement, any amount received by the Administrative Agent or the Collateral Agent from any Credit Party (or from proceeds of any Collateral) following any acceleration of the Obligations under this
Agreement or any Event of Default with respect to the Borrower under Section 11.4 shall be applied: 

(i) first, to the payment of all reasonable and documented costs and expenses incurred by the Administrative Agent or
the Collateral Agent in connection with any collection or sale of the Collateral or otherwise in connection with any Credit Document, including all court costs and the reasonable fees and expenses of its agents and legal counsel, the repayment of
all advances made by the Administrative Agent or the Collateral Agent hereunder or under any other Credit Document on behalf of any Credit Party and any other reasonable and documented costs or expenses incurred in connection with the exercise of
any right or remedy hereunder or under any other Credit Document to the extent reimbursable hereunder or thereunder; 
 (ii)
second, to the Secured Parties, an amount equal to all Obligations owing to them on the date of any distribution; and 

(iii) third, any surplus then remaining shall be paid to the applicable Credit Parties or their successors or assigns or
to whomsoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct; 
 Notwithstanding the foregoing, amounts
received from any Guarantor that is not an “Eligible Contract Participant” (as defined in the Commodity Exchange Act) shall not be applied to its Obligations that are Excluded Swap Obligations. 

  
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 Section 12. The Agents. 

12.1 Appointment. 
 (a)
Each Lender hereby irrevocably designates and appoints the Administrative Agent as the agent of such Lender under this Agreement and the other Credit Documents and irrevocably authorizes the Administrative Agent, in such capacity, to take such
action on its behalf under the provisions of this Agreement and the other Credit Documents and to exercise such powers and perform such duties as are expressly delegated to the Administrative Agent by the terms of this Agreement and the other Credit
Documents, together with such other powers as are reasonably incidental thereto. The provisions of this Section 12 (other than Sections 12.1, 12.9, 12.11 and 12.12 with respect
to the Borrower) are solely for the benefit of the Agents and the Lenders, none of Holdings, the Borrower or any other Credit Party shall have rights as third party beneficiary of any such provision. Notwithstanding any provision to the contrary
elsewhere in this Agreement, the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities,
duties, obligations or liabilities shall be read into this Agreement or any other Credit Document or otherwise exist against the Administrative Agent. In performing its functions and duties hereunder, each Agent shall act solely as an agent of
Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Holdings, the Borrower or any of their respective Subsidiaries. 

(b) The Administrative Agent and each Lender hereby irrevocably designate and appoint the Collateral Agent as the agent with respect to the
Collateral, and each of the Administrative Agent and each Lender irrevocably authorizes the Collateral Agent, in such capacity, to take such action on its behalf under the provisions of this Agreement and the other Credit Documents and to exercise
such powers and perform such duties as are expressly delegated to the Collateral Agent by the terms of this Agreement and the other Credit Documents, together with such other powers as are reasonably incidental thereto. The Collateral Agent is
appointed as a trustee under the English law security documents and declares that it shall hold the security interests constituted by the English law security documents on trust for the Secured Parties. Notwithstanding any provision to the contrary
elsewhere in this Agreement, the Collateral Agent shall not have any duties or responsibilities except those expressly set forth herein, or any fiduciary relationship with any of the Administrative Agent and the Lenders, and no implied covenants,
functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Credit Document or otherwise exist against the Collateral Agent. 

12.2 Delegation of Duties. The Administrative Agent and the Collateral Agent may each execute any of its duties under this Agreement and
the other Credit Documents by or through agents, sub-agents, employees or attorneys-in-fact and shall be entitled to advice of
counsel concerning all matters pertaining to such duties. Neither the Administrative Agent nor the Collateral Agent shall be responsible for the negligence or misconduct of any agents, sub-agents or attorneys-in-fact selected by it in the absence of its gross negligence or willful misconduct (as determined in the final
non-appealable judgment of a court of competent jurisdiction). 
 12.3 Exculpatory Provisions.
No Agent nor any of its officers, directors, employees, agents, sub-agents, attorneys-in-fact or Affiliates shall be
(a) liable for any action lawfully taken or omitted to be taken by any of them under or in connection with this Agreement or any other Credit Document (except for its or such Person’s own gross negligence or willful misconduct, as
determined in the final non-appealable judgment of a court of competent jurisdiction, in connection with its duties expressly set forth herein) or (b) responsible in any manner to any of the Lenders or
any participant for any recitals, statements, representations or warranties made by any Credit Party or any officer thereof contained in this Agreement or any other Credit Document or in any certificate, report, statement or other document

  
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referred to or provided for in, or received by such Agent under or in connection with, this Agreement or any other Credit Document or for the value, validity, effectiveness, genuineness,
enforceability or sufficiency of this Agreement or any other Credit Document, or the creation, perfection or priority of any Lien or security interest created or purported to be created under the Security Documents, the value or sufficiency of the
Collateral, or for any failure of any Credit Party to perform its obligations hereunder or thereunder. No Agent shall be under any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the agreements
contained in, or conditions of, this Agreement or any other Credit Document, or to inspect the properties, books or records of any Credit Party or any Affiliate thereof. The Collateral Agent shall not be under any obligation to the Administrative
Agent or any Lender to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Credit Document, or to inspect the properties, books or records of any Credit
Party. Without limiting the generality of the foregoing, (a) no Agent shall have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby that such
Agent is instructed in writing to exercise by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 13.1), provided that no Agent
shall be required to take any action that, in its opinion or the opinion of its counsel, may expose such Agent to liability or that is contrary to any Credit Document or applicable law, including for the avoidance of doubt any action that may be in
violation of the automatic stay under any debtor relief law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any debtor relief law and (b) except as expressly set forth in the
Credit Documents, no Agent shall have any duty to disclose, nor shall it be liable for the failure to disclose, any information relating to Holdings, the Borrower or any of the other Subsidiaries that is communicated to or obtained by the bank
serving as Administrative Agent and/or Collateral Agent or any of its Affiliates in any capacity. So long as the Borrower has consented to or deemed to have consented to an assignment under this Agreement, it is understood and agreed that the
Administrative Agent shall have no responsibility or liability to determine or monitor whether any Lender or potential Lender is a Disqualified Lender. 

12.4 Reliance by Agents. The Administrative Agent and the Collateral Agent shall be entitled to rely, and shall be fully protected in
relying, upon any writing, resolution, notice, consent, certificate, affidavit, letter, telecopy, telex or teletype message, statement, order or other document or instruction believed by it (in good faith) to be genuine and correct and to have been
signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel (including counsel to Holdings and the Borrower), independent accountants and other experts selected by the Administrative Agent or the Collateral
Agent. The Administrative Agent may deem and treat the Lender specified in the Register with respect to any amount owing hereunder as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall
have been filed with the Administrative Agent. The Administrative Agent and the Collateral Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Credit Document unless it shall first receive such
advice or concurrence of the Required Lenders as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense that may be incurred by it by reason of taking or continuing to take
any such action. In determining compliance with any condition hereunder to the making of a Loan that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such condition is satisfactory to such
Lender unless the Administrative Agent shall have received notice to the contrary from such Lender prior to the making of such Loan. The Administrative Agent and the Collateral Agent shall in all cases be fully protected in acting, or in refraining
from acting, under this Agreement and the other Credit Documents in accordance with a request of the Required Lenders, and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future
holders of the Loans; provided that the Administrative Agent and the Collateral Agent shall not be required to take any action that, in its opinion or in the opinion of its counsel, may expose it to liability or that is contrary to any Credit
Document or applicable law. 

  
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 12.5 Notice of Default. Neither the Administrative Agent nor the Collateral Agent
shall be deemed to have knowledge or notice of the occurrence of any Default or Event of Default hereunder unless the Administrative Agent or the Collateral Agent has received written notice from a Lender or the Borrower referring to this Agreement,
describing such Default or Event of Default and stating that such notice is a “notice of default.” In the event that the Administrative Agent receives such a notice, it shall give notice thereof to the Lenders and the Collateral Agent. The
Administrative Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders; provided that unless and until the Administrative Agent shall have received such directions,
the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders except to the extent
that this Agreement requires that such action be taken only with the approval of the Required Lenders or each of the Lenders, as applicable. 

12.6 Non-Reliance on Administrative Agent, Collateral Agent, and Other Lenders. Each Lender
expressly acknowledges that neither the Administrative Agent nor the Collateral Agent nor any of their respective officers, directors, employees, agents,
attorneys-in-fact or Affiliates has made any representations or warranties to it and that no act by the Administrative Agent or the Collateral Agent hereinafter taken,
including any review of the affairs of any Credit Party, shall be deemed to constitute any representation or warranty by the Administrative Agent or the Collateral Agent to any Lender. Each Lender represents to the Administrative Agent and the
Collateral Agent that it has, independently and without reliance upon the Administrative Agent, the Collateral Agent or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and
investigation into the business, operations, property, financial and other condition and creditworthiness of Holdings, the Borrower and each other Credit Party and made its own decision to make its Loans hereunder and enter into this Agreement. Each
Lender also represents that it will, independently and without reliance upon the Administrative Agent, the Collateral Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make
its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Credit Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property,
financial and other condition and creditworthiness of Holdings, the Borrower and any other Credit Party. Except for notices, reports, and other documents expressly required to be furnished to the Lenders by the Administrative Agent hereunder,
neither the Administrative Agent nor the Collateral Agent shall have any duty or responsibility to provide any Lender with any credit or other information concerning the business, assets, operations, properties, financial condition, prospects or
creditworthiness of Holdings, the Borrower or any other Credit Party that may come into the possession of the Administrative Agent or the Collateral Agent any of their respective officers, directors, employees, agents,
attorneys-in-fact or Affiliates. Each Lender that is party to the Term Loan Exchange Agreement represents to the Administrative Agent and the Collateral Agent that it
has full power and authority, and has taken all necessary action, to execute, deliver and enter into the Term Loan Exchange Agreement and to consummate the transactions contemplated thereby, and that none of such execution, delivery, entrance or
consummation conflicts with such Lender’s organizational documents, material contracts to which such Lender is a party or applicable law. Each Lender that participates in the Preferred Equity Exchange represents to the Administrative Agent and
the Collateral Agent that it has full power and authority, and has taken all necessary action, to execute, deliver and enter into the letter of transmittal delivered by the Lender in connection therewith and to consummate the transactions
contemplated thereby, and that none of such execution, delivery, entrance or consummation conflicts with such Lender’s organizational documents, material contracts to which such Lender is a party or applicable law. 

  
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 12.7 Indemnification. The Lenders agree to severally indemnify each Agent in its
capacity as such (to the extent not reimbursed by the Credit Parties and without limiting the obligation of the Credit Parties to do so), ratably according to their respective portions of the Total Credit Exposure in effect on the date on which
indemnification is sought (or, if indemnification is sought after the date upon which the Commitments shall have terminated and the Loans shall have been paid in full, ratably in accordance with their respective portions of the Total Credit Exposure
in effect immediately prior to such date), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses, or disbursements of any kind whatsoever that may at any time (including at any
time following the payment of the Loans) be imposed on, incurred by or asserted against an Agent in any way relating to or arising out of the Commitments, this Agreement, any of the other Credit Documents or any documents contemplated by or referred
to herein or therein or the transactions contemplated hereby or thereby (including, for the avoidance of doubt, the Term Loan Exchange and the Preferred Equity Exchange) or any action taken or omitted by the Administrative Agent or the Collateral
Agent under or in connection with any of the foregoing; provided that no Lender shall be liable to an Agent for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements resulting from such Agent’s gross negligence or willful misconduct as determined by a final non-appealable judgment of a court of competent jurisdiction; provided,
further, that no action taken by the Administrative Agent in accordance with the directions of the Required Lenders (or such other number or percentage of the Lenders as shall be required by the Credit Documents) shall be deemed to constitute
gross negligence or willful misconduct for purposes of this Section 12.7. In the case of any investigation, litigation or proceeding giving rise to any liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any time occur (including at any time following the payment of the Loans), this Section 12.7 applies whether any such investigation,
litigation or proceeding is brought by any Lender or any other Person. Without limitation of the foregoing, each Lender shall reimburse each Agent upon demand for its ratable share of any costs or out-of-pocket expenses (including attorneys’ fees) incurred by such Agent in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through
negotiations, legal proceedings or otherwise) of, or legal advice rendered in respect of rights or responsibilities under, this Agreement, any other Credit Document, or any document contemplated by or referred to herein, to the extent that such
Agent is not reimbursed for such expenses by or on behalf of Holdings or the Borrower; provided that such reimbursement by the Lenders shall not affect Holdings’ or the Borrower’s continuing reimbursement obligations with respect
thereto. If any indemnity furnished to any Agent for any purpose shall, in the opinion of such Agent, be insufficient or become impaired, such Agent may call for additional indemnity and cease, or not commence, to do the acts indemnified against
until such additional indemnity is furnished; provided, in no event shall this sentence require any Lender to indemnify any Agent against any liability, obligation, loss, damage, penalty, action, judgment, suit, cost, expense or disbursement
in excess of such Lender’s pro rata portion thereof; and provided, further, this sentence shall not be deemed to require any Lender to indemnify any Agent against any liability, obligation, loss, damage, penalty, action, judgment, suit,
cost, expense or disbursement resulting from such Agent’s gross negligence or willful misconduct as determined by a final non-appealable judgment of a court of competent jurisdiction. Each Lender hereby
waives all claims, losses, damages and liabilities, joint or several, to which any Agent or any of its directors, officers, members, controlling persons, employees, trustees, investment advisors or agents and successors may become subject arising
out of or in connection with such Lender’s entrance into this Agreement or the transactions contemplated hereby. The agreements in this Section 12.7 shall survive the payment of the Loans and all other amounts payable
hereunder. The indemnity provided to each Agent under this Section 12.7 shall also apply to such Agent’s respective Affiliates, directors, officers, members, controlling persons, employees, trustees, investment
advisors and agents and successors. 

  
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 12.8 Agents in Their Individual Capacities. The agency hereby created shall in no way
impair or affect any of the rights and powers of, or impose any duties or obligations upon, any Agent in its individual capacity as a Lender hereunder. Each Agent and its Affiliates may make loans to, accept deposits from and generally engage in any
kind of business with any Credit Party as though such Agent were not an Agent hereunder and under the other Credit Documents. With respect to the Loans made (or deemed to have been made) by it, each Agent shall have the same rights and powers under
this Agreement and the other Credit Documents as any Lender and may exercise the same as though it were not an Agent, and the terms Lender and Lenders shall include each Agent in its individual capacity. 

12.9 Successor Agents. 

(a) Each of the Administrative Agent and the Collateral Agent may at any time give notice of its resignation to the Lenders and the Borrower.
Upon receipt of any such notice of resignation, the Required Lenders shall have the right, subject to the consent of the Borrower (not to be unreasonably withheld or delayed) so long as no Event of Default under
Sections 11.1(a) or 11.1(e) is continuing, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States (other than any
Disqualified Lender). If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Agent gives notice of its resignation (the “Resignation Effective
Date”), then the retiring Agent may on behalf of the Lenders, appoint a successor Agent meeting the qualifications set forth above (including receipt of the Borrower’s consent); provided that in no event shall any such
successor Administrative Agent be a Defaulting Lender or Disqualified Lender, and further provided that if the Administrative Agent or the Collateral Agent shall notify the Borrower and the Lenders that no qualifying Person has
accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice. 
 (b) If the Person
serving as the Administrative Agent is a Defaulting Lender pursuant to clause (v) of the definition of Lender Default, the Required Lenders may to the extent permitted by applicable law, subject to the consent of the
Borrower (not to be unreasonably withheld or delayed), by notice in writing to the Borrower and such Person remove such Person as the Administrative Agent and, in consultation with the consent of the Borrower, appoint a successor. If no such
successor shall have been so appointed by the Required Lenders (with the consent of the Borrower as required above) and shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by the Required Lenders and the
Borrower) (the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date. 

(c) With effect from the Resignation Effective Date or the Removal Effective Date (as applicable), (1) the retiring or removed agent shall
be discharged from its duties and obligations hereunder and under the other Credit Documents (except that in the case of any collateral security held by the Collateral Agent on behalf of the Lenders under any of the Credit Documents, the retiring or
removed Collateral Agent shall continue to hold such collateral security as nominee until such time as a successor Collateral Agent is appointed) and (2) all payments, communications and determinations provided to be made by, to or through the
retiring or removed Administrative Agent shall instead be made by or to each Lender directly, until such time as the Required Lenders appoint a successor Agent as provided for above in this paragraph (and otherwise subject to the terms above).
Upon the acceptance of a successor’s appointment as the Administrative Agent or the Collateral Agent, as the case may be, hereunder, and upon the execution and filing or recording of such financing statements, or amendments thereto, and such
other instruments or notices, as may be necessary or desirable, or as the Required Lenders may request, in order to continue the perfection of the Liens granted or purported to be granted by the Security Documents, such successor shall succeed to
and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) or removed Agent, and the retiring or removed Agent shall be 

  
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discharged from all of its duties and obligations hereunder or under the other Credit Documents (if not already discharged therefrom as provided above in this
Section 12.9). Except as provided above, any resignation or removal of JPMorgan Chase Bank, N.A. as the Administrative Agent pursuant to this Section 12.9 shall also constitute the resignation or
removal of JPMorgan Chase Bank, N.A. as the Collateral Agent. The fees payable by the Borrower (following the effectiveness of such appointment) to such Agent shall be the same as those payable to its predecessor unless otherwise agreed between the
Borrower and such successor. After the retiring or removed Agent’s resignation or removal hereunder and under the other Credit Documents, the provisions of this Section 12 (including
Section 12.7) and Section 13.5 shall continue in effect for the benefit of such retiring or removed Agent, its sub-agents and their respective Related
Parties in respect of any actions taken or omitted to be taken by any of them while the retiring or removed Agent was acting as an Agent. 

12.10 Withholding Tax. To the extent required by any applicable law, the Administrative Agent may withhold from any payment to any
Lender under any Credit Document an amount equivalent to any applicable withholding Tax. If the Internal Revenue Service or any other Governmental Authority of the United States or any other jurisdiction asserts a claim that the Administrative Agent
did not properly withhold Tax from amounts paid to or for the account of any Lender for any reason (including because the appropriate form was not delivered, was not properly executed, or because such Lender failed to notify the Administrative Agent
of a change in circumstances that rendered the exemption from, or reduction of, withholding Tax ineffective) or if the Administrative Agent reasonably determines that a payment was made to a Lender pursuant to this Agreement without deduction of
applicable withholding Tax from such payment, such Lender shall indemnify the Administrative Agent (to the extent that the Administrative Agent has not already been reimbursed by any applicable Credit Party and without limiting the obligation of any
applicable Credit Party to do so), fully for all amounts paid, directly or indirectly, by the Administrative Agent or as Tax or otherwise, including penalties, additions to Tax and interest, together with all expenses incurred, including legal
expenses, allocated staff costs and any out-of-pocket expenses. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative
Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement or any other Credit Document against any amount
due to the Administrative Agent under this Section 12.10. The agreements in Section 12.10 shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by,
or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all other Obligations. 

12.11 Administrative Agent May File Proofs of Claim; Credit Bidding. In case of the pendency of any proceeding under any Bankruptcy Law
or any other judicial proceeding relative to any Credit Party, the Administrative Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether
the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise (a) to file and prove a claim for the whole amount of the principal and interest owing and
unpaid in respect of the Loans and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Agents (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Lenders and the Agents and their respective agents and counsel and all other amounts due the Lenders and the Agents under Sections 4.1 and 6.7 and 13.5) allowed in such
judicial proceeding; and (b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar
official in any such judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, if the Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to the
Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under
Sections 4.1 and 13.5. 

  
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 Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize
or consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender to authorize the Administrative Agent to vote in respect of the claim
of any Lender or in any such proceeding. 
 The Secured Parties hereby irrevocably authorize the Administrative Agent, at the direction of
the Required Lenders, to credit bid all or any portion of the Obligations (including accepting some or all of the Collateral in satisfaction of some or all of the Obligations pursuant to a deed in lieu of foreclosure or otherwise) and in such manner
purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral (a) at any sale thereof conducted under the provisions of the Bankruptcy Code, including under Sections 363, 1123 or 1129 of the
Bankruptcy Code, or any similar laws in any other jurisdictions to which a Credit Party is subject or (b) at any other sale or foreclosure or acceptance of collateral in lieu of debt conducted by (or with the consent or at the direction of) the
Administrative Agent (whether by judicial action or otherwise) in accordance with any Requirements of Law. In connection with any such credit bid and purchase, the Obligations owed to the Secured Parties shall be entitled to be, and shall be,
credit bid on a ratable basis (with Obligations with respect to contingent or unliquidated claims receiving contingent interests in the acquired assets on a ratable basis that would vest upon the liquidation of such claims in an amount proportional
to the liquidated portion of the contingent claim amount used in allocating the contingent interests) in the asset or assets so purchased (or in the Equity Interests or debt instruments of the acquisition vehicle or vehicles that are used to
consummate such purchase). In connection with any such bid (i) the Administrative Agent shall be authorized to form one or more acquisition vehicles to make a bid, (ii) to adopt documents providing for the governance of the
acquisition vehicle or vehicles (provided that any actions by the Administrative Agent with respect to such acquisition vehicle or vehicles, including any disposition of the assets or Equity Interests thereof shall be governed, directly or
indirectly, by the vote of the Required Lenders, irrespective of the termination of this Agreement and without giving effect to the limitations on actions by the Required Lenders contained in of Section 13.1 of this
Agreement), (iii) the Administrative Agent shall be authorized to assign the relevant Obligations to any such acquisition vehicle pro rata by the Lenders, as a result of which each of the Lenders shall be deemed to have received a pro rata portion
of any Equity Interests and/or debt instruments issued by such an acquisition vehicle on account of the assignment of the Obligations to be credit bid, all without the need for any Secured Party or acquisition vehicle to take any further action, and
(iv) to the extent that Obligations that are assigned to an acquisition vehicle are not used to acquire Collateral for any reason (as a result of another bid being higher or better, because the amount of Obligations assigned to the acquisition
vehicle exceeds the amount of debt credit bid by the acquisition vehicle or otherwise), such Obligations shall automatically be reassigned to the Lenders pro rata and the Equity Interests and/or debt instruments issued by any acquisition vehicle on
account of the Obligations that had been assigned to the acquisition vehicle shall automatically be cancelled, without the need for any Secured Party or any acquisition vehicle to take any further action. 

12.12 Agents Under Security Documents and Guarantee. Each Secured Party hereby further authorizes the Administrative Agent or the
Collateral Agent, as applicable, on behalf of and for the benefit of the Secured Parties, to be the agent for and representative of the Secured Parties with respect to the Collateral and the Security Documents. Subject to
Section 13.1, without further written consent or authorization from any Secured Party, the Administrative Agent or the Collateral Agent, as applicable, may execute any documents or instruments necessary to (a) release
any Lien on any property granted to or held by the Administrative Agent or the Collateral Agent (or any sub-agent thereof) under any Credit Document (i) upon Termination Date, (ii) that is sold or
transferred as part of or in connection with any sale or other transfer permitted hereunder to a Person that is not a Credit Party or in connection with the 

  
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designation of any (x) Restricted Subsidiary as an Unrestricted Subsidiary or (y) Designated Guarantor as an Excluded Subsidiary, (iii) if the property subject to such Lien is
owned by a Guarantor, upon the release of such Guarantor from its Guarantee otherwise in accordance with the Credit Documents, (iv) as to the extent provided in the Security Documents, (v) that constitutes Excluded Collateral or Excluded
Stock and Stock Equivalents or (vi) if approved, authorized or ratified in writing in accordance with Section 13.1; (b) release any Guarantor (other than Holdings) from its obligations under the Guarantee if such
Person ceases to be a Restricted Subsidiary (or becomes an Excluded Subsidiary) as a result of a transaction or designation permitted hereunder; (c) subordinate any Lien on any property granted to or held by the Administrative Agent or the
Collateral Agent under any Credit Document to the holder of any Lien permitted under clause (vi) (solely with respect to Section 10.1(d)) or clause (ix) of the definition of Permitted
Lien; and (d) enter into subordination or intercreditor agreements with respect to Indebtedness to the extent the Administrative Agent or the Collateral Agent is otherwise contemplated herein as being a party to such intercreditor or
subordination agreement, including the ABL Intercreditor Agreement, any First Lien Intercreditor Agreement and any Second Lien Intercreditor Agreement. 

The Collateral Agent shall have its own independent right to demand payment of the amounts payable by the Borrower under this
Section 12.11, irrespective of any discharge of the Borrower’s obligations to pay those amounts to the other Lenders resulting from failure by them to take appropriate steps in insolvency proceedings affecting the
Borrower to preserve their entitlement to be paid those amounts. 
 Any amount due and payable by the Borrower to the Collateral Agent under
this Section 12.11 shall be decreased to the extent that the other Lenders have received (and are able to retain) payment in full of the corresponding amount under the other provisions of the Credit Documents and any amount
due and payable by the Borrower to the Collateral Agent under those provisions shall be decreased to the extent that the Collateral Agent has received (and is able to retain) payment in full of the corresponding amount under this
Section 12.11. 
 12.13 Right to Realize on Collateral and Enforce Guarantee. Anything contained in any of
the Credit Documents to the contrary notwithstanding, the Borrower, the Agents, and each Secured Party hereby agree that (i) no Secured Party shall have any right individually to realize upon any of the Collateral or to enforce the Guarantee,
it being understood and agreed that all powers, rights, and remedies hereunder may be exercised solely by the Administrative Agent, on behalf of the Secured Parties in accordance with the terms hereof and all powers, rights, and remedies under the
Security Documents may be exercised solely by the Collateral Agent, and (ii) in the event of a foreclosure by the Collateral Agent on any of the Collateral pursuant to a public or private sale or other disposition, the Collateral Agent or any
Lender may be the purchaser or licensor of any or all of such Collateral at any such sale or other disposition and the Collateral Agent, as agent for and representative of the Secured Parties (but not any Lender or Lenders in its or their respective
individual capacities unless Required Lenders shall otherwise agree in writing) shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public
sale, to use and apply any of the Obligations as a credit on account of the purchase price for any collateral payable by the Collateral Agent at such sale or other disposition. No holder of Secured Hedge Obligations or Secured Cash Management
Obligations shall have any rights in connection with the management or release of any Collateral or of the obligations of Holdings (if applicable) or any Credit Party under this Agreement. No holder of Secured Hedge Obligations or Secured Cash
Management Obligations that obtains the benefits of any Guarantee or any Collateral by virtue of the provisions hereof or of any other Credit Document shall have any right to notice of any action or to consent to, direct or object to any action
hereunder or under any other Credit Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a Lender or Agent and, in such case, only to the extent expressly provided
in the Credit Documents. Notwithstanding 

  
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any other provision of this Agreement to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect
to, Obligations arising under Secured Hedge Agreements and Secured Cash Management Agreements, unless the Administrative Agent has received written notice of such Obligations, together with such supporting documentation as the Administrative Agent
may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be. 
 12.14 Intercreditor Agreements Govern. The
Administrative Agent, the Collateral Agent, and each Lender (a) hereby agrees that it will be bound by and will take no actions contrary to the provisions of any intercreditor agreement entered into pursuant to the terms hereof, (b) hereby
authorizes and instructs the Administrative Agent and the Collateral Agent to enter into each intercreditor agreement (including the ABL Intercreditor Agreement, any First Lien Intercreditor Agreement and any Second Lien Intercreditor Agreement)
entered into pursuant to the terms hereof and to subject the Liens securing the Obligations to the provisions thereof, (c) hereby authorizes and instructs the Administrative Agent and the Collateral Agent to enter into any intercreditor
agreement that includes, or to amend any then existing intercreditor agreement to provide for, the terms described in the definition of Permitted Other Indebtedness and (d) hereby consents to the subordination of the Liens on the Collateral
other than Term Loan Collateral securing the Obligations on the terms set forth in the ABL Intercreditor Agreement. In the event of any conflict or inconsistency between the provisions of each such intercreditor agreement (including the ABL
Intercreditor Agreement, any First Lien Intercreditor Agreement and any Second Lien Intercreditor Agreement) and this Agreement, the provisions of such intercreditor agreement shall control. 

12.15 Certain ERISA Matters. (a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party
hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, that at least one of the following is and will be true: 

(i) such Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise) of one or
more Benefit Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments or this Agreement, 

(ii) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a
class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts),
PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions
involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable, and the
conditions of such exemption are satisfied, with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement, or 

(iii) (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning
of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Commitments
and this Agreement and (C) the entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement satisfies the requirements of sub-sections
(b) through (g) of Part I of PTE 84-14. 

  
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 (b) In addition, unless subclause (i) in the immediately preceding clause (a) is
true with respect to a Lender, such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person
ceases being a Lender party hereto, for the benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Credit Party, that the Administrative Agent is not a fiduciary with respect to
the assets of such Lender involved in such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by
the Administrative Agent under this Agreement, any Credit Document or any documents related hereto or thereto). 
 Section 13. Miscellaneous.

 13.1 Amendments, Waivers, and Releases. Except as otherwise expressly set forth in the Credit Documents, neither this Agreement nor
any other Credit Document, nor any terms hereof or thereof, may be amended, supplemented or modified except in accordance with the provisions of this Section 13.1. Except as provided to the contrary under
Section 2.14 or 2.15 or the other paragraphs of this Section 13.1, and other than with respect to any amendment, modification or waiver contemplated by
clauses (x)(i), (x)(ii), (x)(vii), (x)(viii), (y) and (z) below, which shall only require the consent of the Lenders expressly set forth therein and not the Required Lenders, the
Required Lenders may (with prior or contemporaneous notice to the Administrative Agent of the effectiveness thereof) or, with the written consent of the Required Lenders, the Administrative Agent and/or the Collateral Agent may, from time to time,
(a) enter into with the Borrower or the relevant Credit Party or Credit Parties written amendments, supplements or modifications hereto and to the other Credit Documents for the purpose of adding any provisions to this Agreement or the other
Credit Documents or changing in any manner the rights of the Lenders or of the Borrower or of the Credit Parties hereunder or thereunder or (b) waive in writing, on such terms and conditions as the Required Lenders or the Administrative Agent
and/or the Collateral Agent, as the case may be, may specify in such instrument, any of the requirements of this Agreement or the other Credit Documents or any Default or Event of Default and its consequences; provided, however, that each such
waiver and each such amendment, supplement or modification shall be effective only in the specific instance and for the specific purpose for which given; and provided, further, that no such waiver and no such amendment, supplement or modification
shall: 
 (x) (i) forgive or reduce any portion of any Loan or extend the final scheduled maturity date of any Loan or reduce the
stated rate (it being understood that only the consent of the Required Lenders shall be necessary to waive any obligation of the Borrower to pay interest at the Default Rate or amend Section 2.8(c)), or forgive any portion
thereof, or extend the date for the payment, of any principal hereunder (other than as a result of waiving the applicability of any post-default increase in interest rates), or make any Loan, interest, Fee or other amount payable in any currency
other than expressly provided herein, in each case without the written consent of each Lender directly and adversely affected thereby; provided that a waiver of any condition precedent in Section 6 or 7 of this
Agreement, the waiver of any Default, Event of Default, default interest, mandatory prepayment or reductions, any modification, waiver or amendment to the financial covenant definitions or financial ratios or any component thereof or the waiver of
any other covenant shall not constitute an increase of any Commitment of a Lender, a reduction or forgiveness in the interest rates or the fees or premiums or a postponement of any date scheduled for the payment of principal, premium or interest or
an extension of the final maturity of any Loan or the scheduled termination date of any Commitment, in each case for purposes of this clause (i), 

(ii) consent to the assignment or transfer by the Borrower of its rights and obligations under any Credit Document to which it is a party
(except as permitted pursuant to Section 10.3), in each case without the written consent of each Lender directly and adversely affected thereby, 

  
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 (iii) amend, modify or waive any provision of Section 12
without the written consent of the then-current Administrative Agent and Collateral Agent in a manner that directly and adversely affects such Person, 

(iv) [reserved], 

(v) [reserved], 

(vi) release all or substantially all of the Guarantors under the Guarantees (except as expressly permitted by the Guarantees, the ABL
Intercreditor Agreement, the First Lien Intercreditor Agreement (if any), the Second Lien Intercreditor Agreement (if any) or this Agreement) or release all or substantially all of the Collateral under the Security Documents (except as expressly
permitted by the Security Documents, the ABL Intercreditor Agreement, the First Lien Intercreditor Agreement (if any), the Second Lien Intercreditor Agreement (if any) or this Agreement) without the prior written consent of each Lender, 

(vii) decrease the Initial Term Loan Repayment Amount applicable to Initial Term Loans or extend any scheduled Initial Term Loan Repayment
Date applicable to Initial Term Loans, in each case without the written consent of each Lender directly and adversely affected thereby, 

(viii) [reserved], 

(ix) reduce the percentages specified in the definition of the term Required Lenders or amend, modify or waive any provision of this
Section 13.1 that has the effect of decreasing the number of Lenders that must approve any amendment, modification or waiver, without the written consent of each Lender, 

(y) notwithstanding anything to the contrary in clause (x), (i) extend the final expiration date of any
Lender’s Commitment or (ii) increase the aggregate amount of the Commitments of any Lender, in each case, without the written consent of such Lender, or 

(z) in connection with an amendment that addresses solely a repricing transaction in which any Class of Term Loans is refinanced with
a replacement Class of Term Loans bearing (or is modified in such a manner such that the resulting Term Loans bear) a lower Effective Yield (a “Permitted Repricing Amendment”), only the consent of the Lenders holding Term Loans
subject to such permitted repricing transaction that will continue as a Lender in respect of the repriced tranche of Term Loans or modified Term Loans. 

Notwithstanding anything in this Agreement or any other Credit Document to the contrary, this Agreement may be amended, supplemented or
otherwise modified to effect any requisite changes to the definition of “LIBOR Rate” as set forth therein and such other related changes as may be applicable thereto (including LIBOR Successor Rate Conforming Changes), in each case, with
only the consent of the Persons set forth in such definition of “LIBOR Rate”. 
 Notwithstanding anything to the contrary herein,
no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except (x) that the Commitment of such Lender may not be increased or extended without the consent of such Lender and (y) for
any such amendment, waiver or consent that treats such Defaulting Lender disproportionately and adversely from the other Lender of the same Class (other than because of its status as a Defaulting Lender). 

  
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 Any such waiver and any such amendment, supplement or modification shall apply equally to
each of the affected Lenders and shall be binding upon Holdings, the Borrower, such Lenders, the Administrative Agent and all future holders of the affected Loans. In the case of any waiver, Holdings, the Borrower, the Lenders and the Administrative
Agent shall be restored to their former positions and rights hereunder and under the other Credit Documents, and any Default or Event of Default waived shall be deemed to be cured and not continuing, it being understood that no such waiver shall
extend to any subsequent or other Default or Event of Default or impair any right consequent thereon. In connection with the foregoing provisions, the Administrative Agent may, but shall have no obligations to, with the concurrence of any Lender,
execute amendments, modifications, waivers or consents on behalf of such Lender. 
 Notwithstanding the foregoing, in addition to any credit
extensions and related Joinder Agreement(s) effectuated without the consent of Lenders in accordance with Section 2.14, this Agreement may be amended (or amended and restated) with the written consent of the Required
Lenders, the Administrative Agent, Holdings and the Borrower (a) to add one or more additional credit facilities to this Agreement and to permit the extensions of credit from time to time outstanding thereunder and the accrued interest and fees
in respect thereof to share ratably in the benefits of this Agreement and the other Credit Documents with the Term Loans and the accrued interest and fees in respect thereof and (b) to include appropriately the Lenders holding such credit
facilities in any determination of the Required Lenders and other definitions related to such new Term Loans. 
 In addition,
notwithstanding the foregoing, this Agreement may be amended with the written consent of the Administrative Agent, Holdings, the Borrower and the Lenders providing the relevant Replacement Term Loans to permit the refinancing of all outstanding Term
Loans of any Class (“Refinanced Term Loans”) with a replacement term loan tranche (“Replacement Term Loans”) hereunder; provided that (a) the aggregate principal amount of such Replacement Term Loans
shall not exceed the aggregate principal amount of such Refinanced Term Loans (plus an amount equal to all accrued but unpaid interest, fees, premiums, and expenses incurred in connection therewith), (b) the Applicable Margin for such
Replacement Term Loans shall not be higher than the Applicable Margin for such Refinanced Term Loans, unless any such Applicable Margin applies after the Initial Term Loan Maturity Date, (c) the weighted average life to maturity of such
Replacement Term Loans shall not be shorter than the weighted average life to maturity of such Refinanced Term Loans at the time of such refinancing (except to the extent of nominal amortization for periods where amortization has been eliminated as
a result of prepayment of the applicable Term Loans), and (d) the covenants, events of default and guarantees shall be as agreed between the Borrower and the Lenders providing such Replacement Term Loans 

The Lenders hereby irrevocably agree that the Liens granted to the Collateral Agent by the Credit Parties on any Collateral shall be
automatically released (i) in full, upon the termination of this Agreement the payment of all Obligations (except for (x) contingent indemnification obligations in respect of which a claim has not yet been made, (y) Secured Hedge
Obligations and (z) Secured Cash Management Obligations) (the “Termination Date”), (ii) upon the sale or other disposition of such Collateral (including as part of or in connection with any other sale or other disposition
permitted hereunder) to any Person other than another Credit Party, to the extent such sale or other disposition is made in compliance with the terms of this Agreement (and the Collateral Agent may rely conclusively on a certificate to that effect
provided to it by any Credit Party upon its reasonable request without further inquiry), (iii) to the extent such Collateral is comprised of property leased to a Credit Party, upon termination or expiration of such lease, (iv) in connection
with the designation of any (x) Restricted Subsidiary as an Unrestricted Subsidiary or (y) Designated Guarantor as an Excluded Subsidiary, (iv) if the release of such Lien is approved, authorized or ratified in writing by the Required
Lenders (or such other percentage of the Lenders whose consent may be required in accordance with this Section 13.1), 

  
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(v) to the extent the property constituting such Collateral is owned by any Guarantor, upon the release of such Guarantor from its obligations under the applicable Guarantee (in accordance
with the second following sentence), (vi) as required to effect any sale or other disposition of Collateral in connection with any exercise of remedies of the Collateral Agent pursuant to the Security Documents, and (vii) if such assets
constitute Excluded Collateral or Excluded Stock and Stock Equivalents or are otherwise not required to constitute Collateral pursuant to the Agreed Security Principles. Any such release shall not in any manner discharge, affect, or impair the
Obligations or any Liens (other than those being released) upon (or obligations (other than those being released) of the Credit Parties in respect of) all interests retained by the Credit Parties, including the proceeds of any sale, all of which
shall continue to constitute part of the Collateral except to the extent otherwise released in accordance with the provisions of the Credit Documents. Additionally, the Lenders hereby irrevocably agree that any Restricted Subsidiary that is a
Guarantor shall be released from the Guarantees upon consummation of any transaction not prohibited hereunder resulting in such Subsidiary ceasing to constitute a Restricted Subsidiary or becoming an Excluded Subsidiary. The Lenders hereby authorize
the Administrative Agent and the Collateral Agent, as applicable, to execute and deliver any instruments, documents, and agreements necessary or desirable to evidence and confirm the release of any Guarantor or Collateral pursuant to the foregoing
provisions of this paragraph, all without the further consent or joinder of any Lender. 
 Notwithstanding anything herein to the contrary,
the Credit Documents may be amended to add syndication or documentation agents and make customary changes and references related thereto with the consent of only the Borrower and the Administrative Agent. 

Notwithstanding anything in this Agreement (including, without limitation, this Section 13.1) or any other Credit
Document to the contrary, (i) this Agreement and the other Credit Documents may be amended to effect an incremental facility or extension facility pursuant to Section 2.14 (and the Administrative Agent and the Borrower
may effect such amendments to this Agreement and the other Credit Documents without the consent of any other party as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to effect the terms of any
such incremental facility or extension facility); (ii) no Lender consent is required to effect any amendment or supplement to the ABL Intercreditor Agreement, First Lien Intercreditor Agreement (if any), Second Lien Intercreditor Agreement (if
any) or other intercreditor agreement or arrangement permitted under this Agreement that is for the purpose of adding the holders of any Indebtedness as expressly contemplated by the terms of the ABL Intercreditor Agreement, First Lien Intercreditor
Agreement (if any), Second Lien Intercreditor Agreement (if any) or such other intercreditor agreement or arrangement permitted under this Agreement, as applicable (it being understood that any such amendment or supplement may make such other
changes to the applicable intercreditor agreement as, in the good faith determination of the Administrative Agent in consultation with the Borrower, are required to effectuate the foregoing; provided that such other changes are not adverse,
in any material respect, to the interests of the Lenders taken as a whole); provided, further, that no such agreement shall amend, modify or otherwise directly and adversely affect the rights or duties of the Administrative Agent
hereunder or under any other Credit Document without the prior written consent of the Administrative Agent; (iii) any provision of this Agreement or any other Credit Document may be amended by an agreement in writing entered into by the
Borrower and the Administrative Agent to (x) cure any ambiguity, omission, mistake, defect or inconsistency (as reasonably determined by the Administrative Agent and the Borrower) and (y) effect administrative changes of a technical or
immaterial nature and such amendment shall be deemed approved by the Lenders if the Lenders shall have received at least five Business Days’ prior written notice of such change and the Administrative Agent shall not have received, within five
Business Days of the date of such notice to the Lenders, a written notice from the Required Lenders stating that the Required Lenders object to such amendment; and (iv) guarantees, collateral documents and related documents executed by the
Credit Parties in connection with this Agreement may be in a form reasonably determined by the Administrative Agent and may be, together with any other Credit Document, entered 

  
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into, amended, supplemented or waived, without the consent of any other Person, by the applicable Credit Party or Credit Parties and the Administrative Agent or the Collateral Agent in its or
their respective sole discretion, to (A) effect the granting, perfection, protection, expansion or enhancement of any security interest in any Collateral or additional property to become Collateral for the benefit of the Secured Parties,
(B) as required by local law or advice of counsel to give effect to, or protect any security interest for the benefit of the Secured Parties, in any property or so that the security interests therein comply with applicable Requirements of Law,
or (C) to cure ambiguities, omissions, mistakes or defects (as reasonably determined by the Administrative Agent and the Borrower) or to cause such guarantee, collateral security document or other document to be consistent with this Agreement
and the other Credit Documents. 
 Notwithstanding anything in this Agreement or any Security Document to the contrary, the Administrative
Agent may, in its sole discretion, grant extensions of time for the satisfaction of any of the requirements under Sections 9.11, 9.12, 9.14, 9.17 or any Security Documents in respect of any particular
Collateral or any particular Subsidiary if it determines that the satisfaction thereof with respect to such Collateral or such Subsidiary cannot be accomplished without undue expense or unreasonable effort or due to factors beyond the control of
Holdings, the Borrower and the Restricted Subsidiaries by the time or times at which it would otherwise be required to be satisfied under this Agreement or any Security Document. 

13.2 Notices. Unless otherwise expressly provided herein, all notices and other communications provided for hereunder or under any other
Credit Document shall be in writing (including by facsimile transmission). All such written notices shall be mailed, faxed or delivered to the applicable address, facsimile number or electronic mail address, and all notices and other communications
expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 
 (i)
if to Holdings, the Borrower, the Administrative Agent or the Collateral Agent, to the address, facsimile number, electronic mail address or telephone number specified for such Person on Schedule 13.2 or to such other
address, facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice to the other parties; and 

(ii) if to any other Lender, to the address, facsimile number, electronic mail address or telephone number specified in its
Administrative Questionnaire or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice to Holdings, the Borrower, the Administrative Agent and the Collateral Agent. 

All such notices and other communications shall be deemed to be given or made upon the earlier to occur of (i) actual receipt by the relevant party
hereto and (ii) (A) if delivered by hand or by courier, when signed for by or on behalf of the relevant party hereto; (B) if delivered by mail, three Business Days after deposit in the mails, postage prepaid; (C) if
delivered by facsimile, when sent and receipt has been confirmed by telephone; and (D) if delivered by electronic mail, as set forth in Section 13.2(b); provided that notices and other communications to the
Administrative Agent or the Lenders pursuant to Sections 2.3, 2.6, 2.9 and 5.1 shall not be effective until received. 

13.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Administrative Agent, the
Collateral Agent or any Lender, any right, remedy, power or privilege hereunder or under the other Credit Documents shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege hereunder
preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers, and
privileges provided by law. 

  
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 13.4 Survival of Representations and Warranties. All representations and warranties
made hereunder, in the other Credit Documents and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and the making of the Loans hereunder. 

13.5 Payment of Expenses; Indemnification. 

(a) Each of Holdings and the Borrower, jointly and severally, agree (i) to pay or reimburse each of the Agents (promptly upon written
demand (with reasonably supporting detail if the Borrower shall so request)) for all their reasonable and documented out-of-pocket costs and expenses (without
duplication) incurred in connection with the development, preparation, execution and delivery of, and any amendment, supplement, modification to, waiver and/or enforcement of this Agreement and the other Credit Documents and any other documents
prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby, and in the case of legal fees and expenses limited to the reasonable fees, disbursements and other charges of
Cravath, Swaine & Moore LLP (or such other counsel as may be agreed by the Administrative Agent and the Borrower), and, if reasonably necessary, of a single firm of local counsel in each relevant local jurisdiction, other than allocated
costs of in-house counsel, and such other counsel retained with the consent of the Borrower (such consent not to be unreasonably withheld or delayed), (ii) to pay or reimburse each Agent for all their
reasonable and documented out-of-pocket costs and expenses incurred in connection with the enforcement or preservation of any rights under this Agreement, the other
Credit Documents and any such other documents, and in the case of legal fees and expenses limited to the reasonable fees, disbursements and other charges of one firm of counsel to the Administrative Agent and the Collateral Agent, and, to the extent
required, one firm or local counsel in each relevant local jurisdiction with the Borrower’s consent (such consent not to be unreasonably withheld or delayed) (which may include a single special counsel acting in multiple jurisdictions), and
(iii) to pay, indemnify and hold harmless each Lender, each Agent and their respective Related Indemnified Persons (without duplication) (the “Indemnified Persons”) from and against any and all losses, claims, damages
liabilities, obligations, demands, actions, judgments, suits, costs, expenses, disbursements or penalties of any nature whatsoever regardless of whether any such Indemnified Person is a party thereto and whether any such proceeding is brought by the
Borrower or any other Person (and the reasonable and documented out-of-pocket fees, expenses, disbursements and other charges of one firm of counsel for all Indemnified
Persons, taken as a whole (and, in the case of an actual or perceived conflict of interest where the Indemnified Person affected by such conflict notifies the Borrower of any existence of such conflict and in connection with the investigating or
defending any of the foregoing (including the reasonable fees) has retained its own counsel, of another firm of counsel for such affected Indemnified Person), and to the extent required, one firm or local counsel in each relevant jurisdiction (which
may include a single special counsel acting in multiple jurisdictions)) of any such Indemnified Person arising out of or relating to any claim, litigation, investigation or other proceeding (including any inquiry or investigation of the foregoing)
(regardless of whether such Indemnified Person is a party thereto or whether or not such action, claim, litigation or proceeding was brought by the Borrower, any of its Subsidiaries or any other Person), arising out of, or with respect to the
Transactions or to the execution, enforcement, delivery, performance and administration of this Agreement, the other Credit Documents and any such other documents, including any of the foregoing relating to the violation of, noncompliance with or
liability under, any Environmental Law or any actual or alleged presence, Release or threatened Release of Hazardous Materials relating in any way to the Borrower or any of its Subsidiaries (all the foregoing in this
clause (iii), collectively, the “Indemnified Liabilities”); provided that the Borrower shall have no obligation hereunder to any Indemnified Person with respect to Indemnified Liabilities to
the extent arising from (i) the gross negligence, bad faith or willful misconduct of such Indemnified Person or any of its Related Parties as determined in a final and non-appealable judgment of a court
of competent jurisdiction, (ii) a material breach of the obligations of such Indemnified Person or any of its Related 

  
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Indemnified Persons under the terms of this Agreement by such Indemnified Person or any of its Related Indemnified Persons as determined in a final and
non-appealable judgment of a court of competent jurisdiction, (iii) in the case of any claim, litigation, investigation or other proceeding brought by a Credit Party or one of its permitted assignees
against the relevant Indemnified Person, a breach of the obligations of such Indemnified Person as determined in a final and non-appealable judgment of a court of competent jurisdiction or (iv) any
proceeding between and among Indemnified Persons that does not involve an act or omission by Holdings, the Borrower or the Restricted Subsidiaries; provided the Agents, to the extent acting in their capacity as such, shall remain indemnified
in respect of such proceeding, to the extent that neither of the exceptions set forth in clause (i) or (ii) of the immediately preceding proviso applies to such person at such time. The agreements in this
Section 13.5 shall survive repayment of the Loans and all other amounts payable hereunder. 
 (b) No Credit Party
nor any Indemnified Person shall have any liability for any special, punitive, indirect or consequential damages resulting from this Agreement or any other Credit Document or arising out of its activities in connection herewith or therewith (whether
before or after the Closing Date); provided that the foregoing shall not limit Holdings’ and the Borrower’s indemnification obligations to the Indemnified Persons pursuant to Section 13.5(a) in respect of
damages incurred or paid by an Indemnified Person to a third party. No Indemnified Person shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through
telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Credit Documents or the transactions contemplated hereby or thereby, except to the extent that such damages have resulted from
the willful misconduct, bad faith or gross negligence of any Indemnified Person or any of its Related Parties as determined by a final and non-appealable judgment of a court of competent jurisdiction. 

(c) Notwithstanding the foregoing, each Indemnified Person shall be obligated to refund or return any and all amounts paid by the Borrower
under this Section 13.5. to such Indemnified Person for any losses, claims, damages, liabilities and expenses to the extent such Indemnified Person is not entitled to payment of such amounts in accordance with the terms
hereof. 
 This Section 13.5 shall apply with respect to Taxes only to the extent they represent losses, claims,
damages, etc., arising from any non-Tax claim. 
 13.6 Successors and Assigns; Participations and
Assignments. 
 (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns permitted hereby, except that (i) except as expressly permitted by Section 10.3, the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without
the prior written consent of the Administrative Agent and each Lender (and any attempted assignment or transfer by the Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or
obligations hereunder except in accordance with this Section 13.6. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors
and assigns permitted hereby, Participants (to the extent provided in clause (c) of this Section 13.6) and, to the extent expressly contemplated hereby, the Related Parties of each of the
Administrative Agent, the Collateral Agent and the Lenders and each other Person entitled to indemnification under Section 13.5) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

  
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 (b) (i) Subject to the conditions set forth in clause (b)(ii)
below and Section 13.7, any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans at the time
owing to it) with the prior written consent (such consent not to be unreasonably withheld or delayed; it being understood that, without limitation, the Borrower shall have the right to withhold its consent to any assignment if, in order for such
assignment to comply with applicable law, the Borrower would be required to obtain the consent of, or make any filing or registration with, any Governmental Authority) of: 

(A) the Borrower; provided that the Borrower shall be deemed to have consented to any such assignment (other than to a
Disqualified Lender) unless it has objected thereto by written notice to the Administrative Agent within 15 Business Days after receiving written notice thereof; provided further that no consent of the Borrower shall be required for
(1) an assignment of Term Loans to (X) a Lender, (Y) an Affiliate of a Lender, or (Z) an Approved Fund or (2) an assignment of Loans or Commitments to any assignee if an Event of Default under
Section 11.1(a) or Section 11.1(e) (with respect to the Borrower) has occurred and is continuing; 

(B) [reserved]; and 

(C) the Administrative Agent (not to be unreasonably withheld or delayed); provided that no consent of the
Administrative Agent shall be required for an assignment of any Term Loan to a Lender, an Affiliate of a Lender or an Approved Fund. 

Notwithstanding the foregoing, no such assignment shall be made to a natural Person, Disqualified Lender or Defaulting Lender. For the
avoidance of doubt, the Administrative Agent shall not disclose, verbally or in writing, the list of entities that are Disqualified Lenders; provided that the Administrative Agent shall have the right, and the Borrower hereby expressly
authorizes the Administrative Agent, to provide the list of entities that are Disqualified Lenders to each Lender requesting such list (so long as such Lender agrees to keep such list confidential). 

(ii) Assignments shall be subject to the following additional conditions: 

(A) except in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund or an assignment of the
entire remaining amount of the assigning Lender’s Commitment or Loans of any Class, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance with
respect to such assignment is delivered to the Administrative Agent) shall not be less than with respect to any Term Loan, $1,000,000, unless each of the Borrower and the Administrative Agent otherwise consents (which consents shall not be
unreasonably withheld or delayed); provided that no such consent of the Borrower shall be required if an Event of Default under Section 11.1(a) or Section 11.1(e) has occurred and is
continuing; provided, further, that contemporaneous assignments by a Lender and its Affiliates or Approved Funds shall be aggregated for purposes of meeting the minimum assignment amount requirements stated above (and simultaneous
assignments to or by two or more Related Funds shall be treated as one assignment), if any; 
 (B) each partial assignment
shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement; provided that this clause shall not be construed to prohibit the assignment of a proportionate part of all
the assigning Lender’s rights and obligations in respect of one Class of Commitments or Loans; 

  
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 (C) the parties to each assignment shall execute and deliver to the
Administrative Agent an Assignment and Acceptance via an electronic settlement system or other method reasonably acceptable to the Administrative Agent, together with a processing and recordation fee in the amount of $3,500; provided that the
Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment; 

(D) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an administrative questionnaire in a
form approved by the Administrative Agent (the “Administrative Questionnaire”) and applicable tax forms (as required under Section 5.4(e)); and 

(E) any assignment to the Borrower or any Subsidiary shall also be subject to the requirements of
Section 13.6(h). 
 (iii) Subject to acceptance and recording thereof pursuant to
clause (b)(iv) of this Section 13.6, from and after the effective date specified in each Assignment and Acceptance, the assignee thereunder shall be a party hereto and, to the extent of the
interest assigned by such Assignment and Acceptance, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Acceptance, be released
from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to
be entitled to the benefits of Sections 2.10, 2.11, 3.5, 5.4 and 13.5). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this
Section 13.6 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with clause (c) of this
Section 13.6. For the avoidance of doubt, in case of an assignment to a new Lender pursuant to this Section 13.6, (i) the Administrative Agent, the new Lender and other Lenders shall acquire
the same rights and assume the same obligations between themselves as they would have acquired and assumed had the new Lender been an original Lender signatory to this Agreement with the rights and/or obligations acquired or assumed by it as a
result of the assignment and to the extent of the assignment the assigning Lender shall each be released from further obligations under the Credit Documents and (ii) the benefit of each Security Document shall be maintained in favor of the new
Lender. 
 (iv) The Administrative Agent, acting for this purpose as a non-fiduciary
agent of the Borrower, shall maintain at the Administrative Agent’s Office a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and
principal amount of the Loans (and stated interest amounts) owing to each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, absent manifest error, and the
Borrower, the Administrative Agent, the Collateral Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to
the contrary. The Register is intended to cause each Loan and other obligation hereunder to be in registered form within the meaning of Section 5f.103-1(c) of the United States Treasury Regulations and
within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Code. The Register shall be available for inspection by the Borrower, the Collateral Agent, the Administrative Agent and its Affiliates and, with respect to itself, any
Lender, at any reasonable time and from time to time upon reasonable prior notice. 

  
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 (v) Upon its receipt of a duly completed Assignment and Acceptance executed
by an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire and applicable tax forms (as required under Section 5.4(e)) (unless the assignee shall already be a Lender hereunder), the
processing and recordation fee referred to in clause (b) of this Section 13.6 and any written consent to such assignment required by clause (b) of this
Section 13.6, the Administrative Agent shall promptly accept such Assignment and Acceptance and record the information contained therein in the Register. No assignment, whether or not evidenced by a promissory note, shall
be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this clause (b)(v). 

(c) (i) Any Lender may, without the consent of the Borrower or the Administrative Agent, sell participations to one or more banks or other
entities (other than (x) a natural person, (y) Holdings and its Subsidiaries and (z) any Disqualified Lender) (each, a “Participant”) in all or a portion of such Lender’s rights and obligations under this
Agreement (including all or a portion of its Commitments and the Loans owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to
the other parties hereto for the performance of such obligations, and (C) the Borrower, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and
obligations under this Agreement. For the avoidance of doubt, the Administrative Agent shall not disclose, verbally or in writing, the list of entities that are Disqualified Lenders; provided that the Administrative Agent shall have the
right, and the Borrower hereby expressly authorizes the Administrative Agent, to provide the list of entities that are Disqualified Lenders to each Lender requesting such list (so long as such Lender agrees to keep such list confidential). Any
agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this
Agreement or any other Credit Document; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in
clauses (x)(i), (x)(vii) and (y) of the second proviso to Section 13.1 that affects such Participant. Subject to clause (c)(ii) of this
Section 13.6, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.10, 2.11, 3.5 and 5.4 to the same extent as if it were a Lender (subject
to the limitations and requirements of those Sections as though it were a Lender and had acquired its interest by assignment pursuant to clause (b) of this Section 13.6, including the requirements
of clause (e) of Section 5.4) (it being agreed that any documentation required under Section 5.4(e) shall be provided to the participating Lender)). To the extent
permitted by law, each Participant also shall be entitled to the benefits of Section 13.8(b) as though it were a Lender; provided such Participant shall be subject to Section 13.8(a) as
though it were a Lender. 
 (ii) A Participant shall not be entitled to receive any greater payment under
Section 2.10, 2.11, 3.5 or 5.4 than the applicable Lender would have been entitled to receive absent the sale of such participation sold to such Participant, unless the sale of the participation to such
Participant is made with the Borrower’s prior written consent (which consent shall not be unreasonably withheld). Each Lender that sells a participation shall, acting solely for this purpose as a
non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest amounts) of each Participant’s interest
in the Loans or other obligations under this Agreement (the “Participant Register”). The entries in the Participant Register shall be conclusive, absent manifest error, and such Lender shall treat each Person whose name is recorded
in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. No Lender shall have any obligation to disclose all or any portion of the Participant Register to any
Person (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans or its other obligations under any Credit Document) except to the extent that such disclosure is necessary to
establish that such commitment, loan or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations and Sections 163(f), 871(h)(2) and 881(c)(2) of the
Code. 

  
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 (d) Any Lender may, without the consent of the Borrower or the Administrative Agent, at any
time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank, or other central bank having
jurisdiction over such Lender and this Section 13.6 shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender
from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 
 (e) Subject to
Section 13.16, the Borrower authorizes each Lender to disclose to any Participant, secured creditor of such Lender or assignee (each, a “Transferee”) and any prospective Transferee any and all financial
information in such Lender’s possession concerning the Borrower and its Affiliates that has been delivered to such Lender by or on behalf of the Borrower and its Affiliates pursuant to this Agreement or that has been delivered to such Lender by
or on behalf of the Borrower and its Affiliates in connection with such Lender’s credit evaluation of the Borrower and its Affiliates prior to becoming a party to this Agreement. 

(f) The words “execution,” “signed,” “signature,” and words of like import used in connection with this Agreement
and the transactions contemplated hereby (including without limitation Assignment and Acceptances, amendments or other modifications, Notices of Borrowing, waivers and consents) shall be deemed to include electronic signatures or the keeping of
records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to
the extent and as provided for in any applicable Requirements of Law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on
the Uniform Electronic Transactions Act; provided that notwithstanding anything contained herein to the contrary, the Administrative Agent is under no obligation to agree to accept electronic signatures in any form or in any format unless
expressly agreed to by the Administrative Agent pursuant to procedures approved by it. 
 (g) SPV Lender. Notwithstanding anything to
the contrary contained herein, any Lender (a “Granting Lender”) may grant to a special purpose funding vehicle (an “SPV”), identified as such in writing from time to time by the Granting Lender to the Administrative
Agent and the Borrower, the option to provide to the Borrower all or any part of any Loan that such Granting Lender would otherwise be obligated to make the Borrower pursuant to this Agreement; provided that (i) nothing herein shall
constitute a commitment by any SPV to make any Loan and (ii) if an SPV elects not to exercise such option or otherwise fails to provide all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms
hereof. The making of a Loan by an SPV hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender. Each party hereto hereby agrees that no SPV shall be liable for any
indemnity or similar payment obligation under this Agreement (all liability for which shall remain with the Granting Lender). In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this
Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior indebtedness of any SPV, it shall not institute against, or join any other Person in instituting against,
such SPV any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings under the laws of the United States or any State thereof. In addition, notwithstanding anything to the contrary contained in this
Section 13.6, any SPV may (i) with notice to, but without the prior written consent of, the Borrower and the Administrative 

  
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Agent and without paying any processing fee therefor, assign all or a portion of its interests in any Loans to the Granting Lender or to any financial institutions (consented to by the Borrower
and the Administrative Agent) other than a Disqualified Lender providing liquidity and/or credit support to or for the account of such SPV to support the funding or maintenance of Loans and (ii) subject to
Section 13.16, disclose on a confidential basis any non-public information relating to its Loans to any rating agency, commercial paper dealer or provider of any surety, guarantee or
credit or liquidity enhancement to such SPV. This Section 13.6(g) may not be amended without the written consent of the SPV. Notwithstanding anything to the contrary in this Agreement but subject to the following sentence,
each SPV shall be entitled to the benefits of Sections 2.10, 2.11, 3.5 and 5.4 to the same extent as if it were a Lender (subject to the limitations and requirements of those Sections as though it were
a Lender and had acquired its interest by assignment pursuant to clause (b) of this Section 13.6, including the requirements of clause (e) of
Section 5.4 (it being agreed that any documentation required under Section 5.4(e) shall be provided to the Granting Lender)). Notwithstanding the prior sentence, an SPV shall not be entitled to
receive any greater payment under Section 2.10, 2.11, 3.5 or 5.4 than its Granting Lender would have been entitled to receive absent the grant to such SPV, unless such grant to such SPV is made with the
Borrower’s prior written consent (which consent shall not be unreasonably withheld). 
 (h) Notwithstanding anything to the contrary
contained herein, (x) any Lender may, at any time, assign all or a portion of its rights and obligations under this Agreement in respect of its Term Loans to the Borrower or any Subsidiary and (y) the Borrower and any Subsidiary may, from
time to time, purchase or prepay Term Loans, in each case, on a non-pro rata basis through (1) Dutch auction procedures open to all applicable Lenders on a pro rata basis in accordance with
customary procedures to be agreed between the Borrower and the Auction Agent or (2) open market purchases; provided that any Loans acquired by the Borrower or any other Subsidiary shall be retired and cancelled promptly upon the
acquisition thereof. 
 For avoidance of doubt, the foregoing limitations shall not be applicable to Affiliated Institutional Lenders. None of the Borrower
or any Subsidiary shall be required to make any representation that it is not in possession of information which is not publicly available and/or material with respect to the Borrower and its Subsidiaries or their respective securities for purposes
of U.S. federal and state securities laws. 
 (i) Any assignment or participation without the Borrower’s prior written consent, to
any Disqualified Person, shall entitle the Borrower, at the Borrower’s expense, to (A) terminate any commitment of the relevant Disqualified Person and repay all Obligations pursuant to this Agreement owing thereto, (B) purchase any
Loans held by such Disqualified Person at the lowest of (x) par, (y) the amount that such Disqualified Person paid to acquire such Loans, plus accrued interest, fees and other amounts pursuant thereto and (z) the most recently
available quoted price for such Loans (as determined in good faith by the Borrower) and/or (C) require such Disqualified Person to assign all of its interests pursuant to this Agreement and the other Credit Documents to one or more banks or
institutions subject to the consents of such Persons, if any, required under, and satisfaction of any other condition set forth in, clause (b)(i) of this Section 13.6. 

13.7 Replacements of Lenders Under Certain Circumstances. 

(a) The Borrower shall be permitted (x) to replace any Lender or (y) terminate the Commitment of any Lender and repay all Obligations
of the Borrower due and owing to such Lender relating to the Loans and participations held by such Lender as of such termination date that (a) requests reimbursement for amounts owing pursuant to Sections 2.10,
3.5 or 5.4, (b) is affected in the manner described in Section 2.10(a)(iii) and as a result thereof any of the actions described in such Section is required to be taken, or (c) becomes a Defaulting
Lender, with a replacement bank or other financial 

  
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institution; provided that (i) such replacement does not conflict with any Requirements of Law, (ii) no Event of Default under Section 11.1(a) or
Section 11.1(e) shall have occurred and be continuing at the time of such replacement, (iii) the Borrower shall repay (or the replacement bank or institution shall purchase, at par) all Loans and other amounts pursuant
to Sections 2.10, 2.11, 3.5 or 5.4, as the case may be, owing to such replaced Lender immediately prior to the date of replacement, (iv) the replacement bank or institution, if not already a
Lender, an Affiliate of the Lender or Approved Fund, the Sponsor or an Affiliated Institutional Lender, and the terms and conditions of such replacement shall be reasonably satisfactory to the Administrative Agent, (v) the replacement bank or
institution, if not already a Lender shall be subject to the provisions of Section 13.6(b), (vi) the replaced Lender shall be obligated to make such replacement in accordance with the provisions of
Section 13.6 (provided that, unless otherwise agreed, the Borrower shall be obligated to pay the registration and processing fee referred to therein) and (vii) any such replacement shall not be deemed to be a
waiver of any rights that the Borrower, the Administrative Agent or any other Lender shall have against the replaced Lender. 
 (b) If any
Lender (such Lender, a “Non-Consenting Lender”) has failed to consent to a proposed amendment, waiver, discharge or termination that pursuant to the terms of
Section 13.1 requires the consent of either (i) all of the Lenders directly and adversely affected, (ii) all of the Lenders of one or more Classes or (iii) all of the Lenders, and, in each case, with respect
to which the Required Lenders (or at least 50.1% of the directly and adversely affected Lenders) shall have granted their consent, then, the Borrower shall have the right (unless such Non-Consenting Lender
grants such consent) to (x) replace such Non-Consenting Lender by requiring such Non-Consenting Lender to assign its Loans and its Commitments hereunder to one or
more assignees reasonably acceptable to the Administrative Agent (to the extent such consent would be required under Section 13.6) and repay all Obligations of the Borrower due and owing to such Lender relating to the Loans
and participations held by such Lender as of such termination date; provided that (a) all Obligations hereunder of the Borrower owing to such Non-Consenting Lender being replaced shall be paid in
full to such Non-Consenting Lender concurrently with such assignment including any amounts that such Lender may be owed pursuant to Section 2.11, (b) the replacement Lender shall
purchase the foregoing by paying to such Non-Consenting Lender a price equal to the principal amount thereof plus accrued and unpaid interest thereon, and (c) the Borrower shall pay (or cause to be paid)
to such Non-Consenting Lender the amount, if any, owing to such Lender pursuant to Section 5.1(b). In connection with any such assignment, the Borrower, the Administrative Agent, such
Non-Consenting Lender and the replacement Lender shall otherwise comply with Section 13.6; provided, that if such Non-Consenting Lender
does not execute and deliver an Assignment and Acceptance in respect of such assignment within one Business Day of the date on which the replacement Lender executes and delivers such Assignment and Acceptance to such
Non-Consenting Lender (or such Assignment and Acceptance is delivered by the Administrative Agent on behalf of such replacement Lender), such Non-Consenting Lender shall
be deemed to have executed and delivered such Assignment and Acceptance without any action on the part of such Non-Consenting Lender and the Assignment and Acceptance so executed by such replacement Lender
shall be effective for the purpose of Section 13.6 and this Section 13.7. 
 13.8
Adjustments; Set-off. 
 (a) Except as contemplated in Section 13.6
or elsewhere herein, if any Lender (a “Benefited Lender”) shall at any time receive any payment of all or part of its Loans, or interest thereon, or receive any collateral in respect thereof (whether voluntarily or involuntarily, by
set-off, pursuant to events or proceedings of the nature referred to in Section 11.1(e), or otherwise), in a greater proportion than any such payment to or collateral received by any
other Lender, if any, in respect of such other Lender’s Loans, or interest thereon, such Benefited Lender shall purchase for cash from the other Lenders a participating interest in such portion of each such other Lender’s Loan, or shall
provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause 

  
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such Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such
excess payment or benefits is thereafter recovered from such Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. 

(b) After the occurrence and during the continuance of an Event of Default, in addition to any rights and remedies of the Lenders provided by
law, each Lender shall have the right, without prior notice to the Credit Parties but with the prior consent of the Administrative Agent, any such notice being expressly waived by the Credit Parties to the extent permitted by applicable law, upon
any amount becoming due and payable by the Credit Parties hereunder (whether at the stated maturity, by acceleration or otherwise) to set-off and appropriate and apply against such amount any and all deposits
(general or special, time or demand, provisional or final) (other than payroll, trust, tax, fiduciary, and petty cash accounts), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or
indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Lender or any branch or agency thereof to or for the credit or the account of the Credit Parties. Each Lender agrees promptly to notify the Credit Parties and
the Administrative Agent after any such set-off and application made by such Lender; provided that the failure to give such notice shall not affect the validity of such
set-off and application. 
 13.9 Counterparts. This Agreement may be executed by one or more
of the parties to this Agreement on any number of separate counterparts (including by facsimile or other electronic transmission), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. A set of the
copies of this Agreement signed by all the parties shall be lodged with the Borrower and the Administrative Agent. 
 13.10
Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining
provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

13.11 Integration. This Agreement and the other Credit Documents represent the agreement of Holdings, the Borrower, the Collateral
Agent, the Administrative Agent and the Lenders with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by Holdings, the Borrower, the Administrative Agent, the Collateral Agent nor any
Lender relative to subject matter hereof not expressly set forth or referred to herein or in the other Credit Documents. 
 13.12
GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

13.13 Submission to Jurisdiction; Waivers. Each party hereto irrevocably and unconditionally: 

(a) submits for itself and its property in any legal action or proceeding relating to this Agreement and the other Credit Documents to which it
is a party to the exclusive general jurisdiction of the courts of the State of New York or the courts of the United States for the Southern District of New York, in each case sitting in New York City in the Borough of Manhattan, and appellate courts
from any thereof; 

  
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 (b) consents that any such action or proceeding may be brought in such courts and waives (to
the extent permitted by applicable law) 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 or to commence or support any such action or proceeding in any other courts; 
 (c) [reserved]; 

(d) 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 such Person at its address set forth on Schedule 13.2 at such other address of which the Administrative Agent shall have been notified pursuant to
Section 13.2; 
 (e) agrees that nothing herein shall affect the right of the Administrative Agent, any Lender or
another Secured Party to effect service of process in any other manner permitted by law or to commence legal proceedings or otherwise proceed against Holdings, the Borrower or any other Credit Party in any other jurisdiction; and 

(f) 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 13.13 any special, exemplary, punitive or consequential damages; provided that nothing in this clause (f) shall limit the Credit Parties’ indemnification obligations set forth in
Section 13.5 to the extent that such special, exemplary, punitive or consequential damages are included in any claim by a third party unaffiliated with any of the Secured Parties with respect to which the applicable Secured
Party is entitled to indemnification under Section 13.5. 
 Without limiting the foregoing, each of Holdings and the Borrower, on
behalf of each other Credit Party (other than any Credit Party that is a Domestic Subsidiary) irrevocably designates, appoints and empowers as of the Closing Date, the Borrower (the “Process Agent”), with an office on the Closing
Date at 3 S.W. 129th Avenue, Suite 400, Pembroke Pines, Florida, 33027, as its authorized designee, appointee and agent to receive, accept and acknowledge on its behalf and for its property, service of copies of the summons and complaint and any
other process which may be served in any legal action or proceeding relating to this Agreement and the other Credit Documents to which it is a party or for recognition and enforcement of any judgment in respect thereof and agrees that such service
may be made by mailing or delivering a copy of such process to such Credit Party in care of the Process Agent at the Process Agent’s above address, and each of Holdings and the Borrower, on behalf of each other Credit Party (other than any
Credit Party that is a Domestic Subsidiary) hereby irrevocably authorizes and directs the Process Agent to accept such service on its behalf. 

Each party hereto that is organized (or incorporated) outside the United States, in respect of itself, its subsidiaries, its process agents,
and its properties and revenues, hereby irrevocably agrees that, to the extent that such party or its respective subsidiaries or any of its or its respective subsidiaries’ properties has or may hereafter acquire any right of immunity, whether
characterized as sovereign immunity or otherwise, from any legal proceedings, whether in the United States or elsewhere, arising out of or relating to this Agreement or any other Credit Document to which it is a party or the transactions
contemplated hereby or thereby, including, without limitation, immunity from suit, immunity from service of process, immunity from jurisdiction or judgment of any court or tribunal, immunity from execution of a judgment, and immunity of any of its
property from attachment prior to any entry of judgment, or from attachment in aid of execution upon a judgment, such party, for itself and on behalf of its subsidiaries, hereby expressly waives, to the fullest extent permissible under applicable
law, any such immunity, and agrees not to assert any such right or claim in any such proceeding, whether in the United States or elsewhere. Without limiting the generality of the foregoing, each such party further agrees that the waivers set forth
in this paragraph shall have the fullest extent permitted under the Foreign Sovereign Immunities Act of 1976 of the United States and are intended to be irrevocable for purposes thereof. 

  
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 13.14 Acknowledgments. The Borrower hereby acknowledges that: 

(a) it has been advised by counsel in the negotiation, execution, and delivery of this Agreement and the other Credit Documents; 

(b) (i) the credit facilities provided for hereunder and any related arranging or other services in connection therewith (including in
connection with any amendment, waiver or other modification hereof or of any other Credit Document) are an arm’s-length commercial transaction between the Borrower and the other Credit Parties, on the one
hand, and the Administrative Agent, the Lenders and the other Agents on the other hand, and the Borrower and the other Credit Parties are capable of evaluating and understanding and understand and accept the terms, risks and conditions of the
transactions contemplated hereby and by the other Credit Documents (including any amendment, waiver or other modification hereof or thereof); 

(ii) in connection with the process leading to such transaction, each of the Administrative Agent and the other Agents, is and
has been acting solely as a principal and is not the financial advisor, agent or fiduciary for the Borrower, any other Credit Parties or any of their respective Affiliates, stockholders, creditors or employees, or any other Person; 

(iii) neither the Administrative Agent nor any other Agent has assumed or will assume an advisory, agency or fiduciary
responsibility in favor of the Borrower or any other Credit Party with respect to any of the transactions contemplated hereby or the process leading thereto, including with respect to any amendment, waiver or other modification hereof or of any
other Credit Document (irrespective of whether the Administrative Agent or other Agent has advised or is currently advising the Borrower, the other Credit Parties or their respective Affiliates on other matters) and neither the Administrative Agent
or other Agent has any obligation to the Borrower, the other Credit Parties or their respective Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Credit Documents;

 (iv) the Administrative Agent, each other Agent and each Affiliate of the foregoing may be engaged in a broad range of
transactions that involve interests that differ from those of the Borrower and its Affiliates, and neither the Administrative Agent nor any other Agent has any obligation to disclose any of such interests by virtue of any advisory, agency or
fiduciary relationship; and 
 (v) neither the Administrative Agent nor any other Agent has provided and none will provide
any legal, accounting, regulatory or tax advice with respect to any of the transactions contemplated hereby (including any amendment, waiver or other modification hereof or of any other Credit Document) and the Borrower has consulted its own legal,
accounting, regulatory and tax advisors to the extent it has deemed appropriate. The Borrower hereby agrees that it will not claim that any Agent owes a fiduciary or similar duty to the Credit Parties in connection with the Transactions contemplated
hereby and waives and releases, to the fullest extent permitted by law, any claims that it may have against the Administrative Agent or any other Agent with respect to any breach or alleged breach of agency or fiduciary duty; and 

  
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 (c) no joint venture is created hereby or by the other Credit Documents or otherwise exists
by virtue of the transactions contemplated hereby among the Lenders or among the Borrower, on the one hand, and any Lender, on the other hand. 

13.15 WAIVERS OF JURY TRIAL. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES (TO THE EXTENT PERMITTED BY APPLICABLE LAW) THE
RIGHT TO TRIAL BY JURY IN ANY LEGAL ACTION, PROCEEDING, CLAIM OR COUNTERCLAIM BROUGHT BY ANY PARTY RELATED TO OR ARISING OUT OF THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT OR THE PERFORMANCE OF SERVICES HEREUNDER OR THEREUNDER. 

13.16 Confidentiality. The Administrative Agent, each other Agent and each Lender (collectively, the “Restricted
Persons” and, each a “Restricted Person”) shall treat confidentially all non-public information provided to any Restricted Person by or on behalf of any Credit Party hereunder in
connection with such Restricted Person’s evaluation of whether to become a Lender hereunder or obtained by such Restricted Person pursuant to the requirements of this Agreement (“Confidential Information”) and shall not
publish, disclose or otherwise divulge such Confidential Information; provided that nothing herein shall prevent any Restricted Person from disclosing any such Confidential Information (a) pursuant to the order of any court or
administrative agency or in any pending legal, judicial or administrative proceeding, or otherwise as required by applicable law, rule or regulation or compulsory legal process (in which case such Restricted Person agrees (except with respect to any
routine or ordinary course audit or examination conducted by bank accountants or any governmental, bank regulatory or self-regulatory authority exercising examination or regulatory authority), to the extent practicable and not prohibited by
applicable law, rule or regulation, to inform the Borrower promptly thereof prior to disclosure), (b) upon the request or demand of any regulatory authority (including any self-regulatory authority)
having jurisdiction over such Restricted Person or any of its Affiliates (in which case such Restricted Person agrees (except with respect to any routine or ordinary course audit or examination conducted by bank accountants or any governmental, bank
regulatory or self-regulatory authority exercising examination or regulatory authority) to the extent practicable and not prohibited by applicable law, rule or regulation, to inform the Borrower promptly
thereof prior to disclosure), (c) to the extent that such Confidential Information becomes publicly available other than by reason of improper disclosure by such Restricted Person or any of its affiliates or any related parties thereto in
violation of any confidentiality obligations owing under this Section 13.16, (d) to the extent that such Confidential Information is received by such Restricted Person from a third party that is not, to such Restricted
Person’s knowledge, subject to confidentiality obligations owing to any Credit Party or any of their respective subsidiaries or affiliates, (e) to the extent that such Confidential Information was already in the possession of the
Restricted Persons prior to any duty or other undertaking of confidentiality or is independently developed by the Restricted Persons without the use of such Confidential Information, (f) to such Restricted Person’s affiliates and to its
and their respective officers, directors, partners, employees, legal counsel, independent auditors, and other experts or agents who need to know such Confidential Information in connection with providing the Loans or action as an Agent hereunder and
who are informed of the confidential nature of such Confidential Information and who are subject to customary confidentiality obligations of professional practice or who agree to be bound by the terms of this Section 13.16
(or confidentiality provisions at least as restrictive as those set forth in this Section 13.16) (with each such Restricted Person responsible for such person’s compliance with this paragraph), (g) to potential or
prospective Lenders, hedge providers (or other derivative transaction counterparties) (any such person, a “Derivative Counterparty”), participants or assignees, in each case who agree (pursuant to customary syndication practice) to
be bound by the terms of this Section 13.16 (or confidentiality provisions at least as restrictive as those set forth in this Section 13.16); provided that (i) the disclosure of any
such Confidential Information to any Lenders, Derivative Counterparties or prospective Lenders, Derivative Counterparties or participants or prospective participants referred to 

  
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above shall be made subject to the acknowledgment and acceptance by such Lender, Derivative Counterparty or prospective Lender or participant or prospective participant that such Confidential
Information is being disseminated on a confidential basis (on substantially the terms set forth in this Section 13.16 or confidentiality provisions at least as restrictive as those set forth in this
Section 13.16) in accordance with the standard syndication processes of such Restricted Person or customary market standards for dissemination of such type of information, which shall in any event require “click
through” or other affirmative actions on the part of recipient to access such Confidential Information and (ii) no such disclosure shall be made by such Restricted Person to any person that is at such time a Disqualified Lender,
(h) for purposes of establishing a “due diligence” defense or (i) to rating agencies in connection with obtaining ratings for the Borrower and the Credit Facility to the extent such rating agencies are subject to customary
confidentiality obligations of professional practice or agree to be bound by the terms of this Section 13.16 (or confidentiality provisions at least as restrictive as those set forth in this
Section 13.16). Notwithstanding the foregoing, (i) Confidential Information shall not include, with respect to any Person, information available to it or its Affiliates on a
non-confidential basis from a source other than the Borrower, its Subsidiaries or its Affiliates, (ii) the Administrative Agent shall not be responsible for compliance with this
Section 13.16 by any other Restricted Person and (iii) in no event shall any Lender, the Administrative Agent or any other Agent be obligated or required to return any materials furnished by the Borrower or any of its
Subsidiaries. 
 13.17 Direct Website Communications Each of Holdings and the Borrower may, at its option, provide to the
Administrative Agent any information, documents and other materials that it is obligated to furnish to the Administrative Agent pursuant to the Credit Documents, including, without limitation, all notices, requests, financial statements, financial,
and other reports, certificates, and other information materials, but excluding any such communication that (A) relates to a request for a new, or a conversion of an existing, borrowing or other extension of credit (including any election of an
interest rate or interest period relating thereto), (B) relates to the payment of any principal or other amount due under this Agreement prior to the scheduled date therefor, (C) provides notice of any default or event of default under
this Agreement or (D) is required to be delivered to satisfy any condition precedent to the effectiveness of this Agreement and/or any borrowing or other extension of credit thereunder (all such
non-excluded communications being referred to herein collectively as “Communications”), by transmitting the Communications in an electronic/soft medium in a format reasonably acceptable to the
Administrative Agent to the Administrative Agent at an email address provided by the Administrative Agent from time to time; provided that (i) upon written request by the Administrative Agent, or the Borrower shall deliver paper copies of such
documents to the Administrative Agent for further distribution to each Lender until a written request to cease delivering paper copies is given by the Administrative Agent and (ii) the Borrower shall notify (which may be by facsimile or
electronic mail) the Administrative Agent of the posting of any such documents and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. Each Lender shall be solely responsible for timely
accessing posted documents or requesting delivery of paper copies of such documents from the Administrative Agent and maintaining its copies of such documents. Nothing in this Section 13.17 shall prejudice the right of
Holdings, the Borrower, the Administrative Agent, any other Agent or any Lender to give any notice or other communication pursuant to any Credit Document in any other manner specified in such Credit Document. 

The Administrative Agent agrees that the receipt of the Communications by the Administrative Agent at its
e-mail address set forth above shall constitute effective delivery of the Communications to the Administrative Agent for purposes of the Credit Documents. Each Lender agrees that notice to it (as provided in
the next sentence) specifying that the Communications have been posted to the Platform shall constitute effective delivery of the Communications to such Lender for purposes of the Credit Documents. Each Lender agrees (A) to notify the
Administrative Agent in writing (including by electronic communication) from time to time of such Lender’s e-mail address to which the foregoing notice may be sent by electronic transmission and
(B) that the foregoing notice may be sent to such e-mail address. 

  
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 (a) Each of Holdings and the Borrower further agrees that any Agent may make the
Communications available to the Lenders by posting the Communications on IntraLinks or a substantially similar electronic transmission system (the “Platform”), so long as the access to such Platform (i) is limited to the
Agents, the Lenders and Transferees or prospective Transferees and (ii) remains subject to the confidentiality requirements set forth in Section 13.16. 

(b) THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES DO NOT WARRANT THE ACCURACY OR COMPLETENESS
OF ANY MATERIALS OR INFORMATION PROVIDED BY THE CREDIT PARTIES (THE “BORROWER MATERIALS”) OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY
KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE
BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties” and each an “Agent
Party”) have any liability to the Borrower, any Lender, or any other Person for losses, claims, damages, liabilities, or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s or the Administrative
Agent’s transmission of Borrower Materials through the internet, except to the extent the liability of any Agent Party resulted from such Agent Party’s (or any of its Related Parties’ (other than any trustee or advisor)) gross
negligence, bad faith or willful misconduct or material breach of the Credit Documents as determined in the final non-appealable judgment of a court of competent jurisdiction. 

(c) Each of Holdings and the Borrower and each Lender acknowledge that certain of the Lenders may be “public-side” Lenders (Lenders
that do not wish to receive material non-public information with respect to Holdings, the Borrower, the Subsidiaries or their securities) and, if documents or notices required to be delivered pursuant to the
Credit Documents or otherwise are being distributed through the Platform, any document or notice that Holdings or the Borrower have indicated contains only publicly available information with respect to Holdings or the Borrower may be posted on that
portion of the Platform designated for such public-side Lenders. If Holdings or the Borrower has not indicated whether a document or notice delivered contains only publicly available information, the Administrative Agent shall post such document or
notice solely on that portion of the Platform designated for Lenders who wish to receive material nonpublic information with respect to Holdings, the Borrower, the Subsidiaries and their securities. Notwithstanding the foregoing, each of Holdings
and the Borrower shall use commercially reasonable efforts to indicate whether any document or notice contains only publicly available information; provided, however, that the following documents shall be deemed to be marked
“PUBLIC,” unless the Borrower notifies the Administrative Agent promptly that any such document contains material nonpublic information: (1) the Credit Documents, (2) any notification of changes in the terms of the Credit
Facility and (3) all financial statements and certificates delivered pursuant to Sections 9.1(a), (b) and (d). 

13.18 USA PATRIOT Act; Beneficial Ownership Regulation. Each Lender hereby notifies each Credit Party that pursuant to the
requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”) and the Beneficial Ownership Regulation, it is required to obtain,
verify and record information that identifies each Credit Party, which information includes the name and address of each Credit Party and other information that will allow such Lender to identify each Credit Party in accordance with the Patriot Act
and the Beneficial Ownership Regulation. 

  
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 13.19 Judgment Currency If, for the purposes of obtaining judgment in any court, it
is necessary to convert a sum due under this Agreement or any other Credit Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with the normal banking procedures the Administrative Agent
could purchase the first currency with such other currency on the Business Day preceding that on which final judgment is given. The obligation of the Borrower in respect of any such sum due from it to the Administrative Agent or the Lenders
hereunder or under the other Credit Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this
Agreement (the “Agreement Currency”), be discharged only to the extent that on the Business Day following receipt by the Administrative Agent or the relevant Lender of any sum adjudged to be so due in the Judgment Currency, the
Administrative Agent or the relevant Lender may in accordance with the normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due to
the Administrative Agent or such Lender from the Borrower in the Agreement Currency, the Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or such Lender against such loss. If the
amount of the Agreement Currency so purchased is greater than the sum originally due to the Administrative Agent or such Lender in such currency, the Administrative Agent or such Lender agrees to return the amount of any excess to the Borrower (or
to any other Person who may be entitled thereto under applicable law). 
 13.20 Payments Set Aside. To the extent that any
payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be
fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver, or any other party, in connection with any proceeding or
otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred
and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share of any amount so recovered from or repaid by any Agent, plus interest thereon from the date of such demand to the date such payment is made
at a rate per annum equal to the applicable Overnight Rate from time to time in effect. 
 13.21 No Fiduciary Duty. Each Agent, each
Lender and their respective Affiliates (collectively, the “Lender Parties”), may have economic interests that conflict with those of the Credit Parties, their stockholders and/or their affiliates. Each Credit Party agrees that
nothing in the Credit Documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between any Lender Party, on the one hand, and such Credit Party, its stockholders or its
affiliates, on the other. The Credit Parties acknowledge and agree that (i) the transactions contemplated by the Credit Documents (including the exercise of rights and remedies hereunder and thereunder) are
arm’s-length commercial transactions between the Lender Parties, on the one hand, and the Credit Parties, on the other, and (ii) in connection therewith and with the process leading thereto,
(x) no Lender Party has assumed an advisory or fiduciary responsibility in favor of any Credit Party, its stockholders or its affiliates with respect to the transactions contemplated hereby (or the exercise of rights or remedies with respect
thereto) or the process leading thereto (irrespective of whether any Lender Party has advised, is currently advising or will advise any Credit Party, its stockholders or its Affiliates on other matters) or any other obligation to any Credit Party
except the obligations expressly set forth in the Credit Documents and (y) each Lender Party is acting solely as principal and not as the agent or fiduciary of any Credit Party, its management, stockholders or creditors. Each Credit Party
acknowledges and agrees that it has consulted its own legal and financial advisors to the extent it deemed appropriate and that it is responsible for making its own independent judgment with respect to such transactions and the process leading
thereto. Each Credit Party agrees that it will not claim that any Lender Party has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to such Credit Party, in connection with such transaction or the process
leading thereto. 

  
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 13.22 Nature of Borrower Obligations. 

(a) Notwithstanding anything to the contrary contained elsewhere in this Agreement, it is understood and agreed by the various parties to this
Agreement that all of the Borrower’s Obligations to repay principal of, interest on, and all other amounts with respect to, all Loans and all other Obligations of the Borrower pursuant to this Agreement (including, without limitation, all fees,
indemnities, taxes and other Obligations in connection therewith or in connection with the related Commitments) shall be guaranteed pursuant to, and in accordance with the terms of, the Guarantee. 

(b) The obligations of the Borrower with respect to the Borrower’s Obligations are independent of the obligations of any Guarantor under
its guaranty of the Borrower’s Obligations, and a separate action or actions may be brought and prosecuted against the Borrower, whether or not any such Guarantor is joined in any such action or actions. The Borrower waives, to the fullest
extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. 
 (c) The
Borrower authorizes the Administrative Agent and the Lenders without notice or demand (except as shall be required by the Credit Documents and applicable statute that cannot be waived), and without affecting or impairing its liability hereunder,
from time to time to: 
 (i) exercise or refrain from exercising any rights against any Guarantor or others or otherwise act
or refrain from acting; 
 (ii) apply any sums paid by any other Person, howsoever realized or otherwise received to or for
the account of the Borrower to any liability or liabilities of such other Person regardless of what liability or liabilities of such other Person remain unpaid; and/or 

(iii) consent to or waive any breach of, or act, omission or default under, this Agreement or any of the instruments or
agreements referred to herein, or otherwise, by any other Person. 
 (d) It is not necessary for the Administrative Agent or any other Lender
to inquire into the capacity or powers of the Borrower or any of its Subsidiaries or the officers, directors, members, partners or agents acting or purporting to act on its behalf. 

(e) The Borrower waives any right to require the Administrative Agent or the other Lenders to (i) proceed against any Guarantor or any
other party, (ii) proceed against or exhaust any security held from any Guarantor or any other party or (iii) pursue any other remedy in the Administrative Agent’s or the Lenders’ power whatsoever. The Borrower waives any defense
based on or arising out of suretyship or any impairment of security held from the Borrower, any Guarantor or any other party or on or arising out of any defense of any Guarantor or any other party other than payment in full in cash of the
Obligations of the Credit Parties, including, without limitation, any defense based on or arising out of the disability of any Guarantor or any other party, or the unenforceability of the Obligations of the Borrower or any part thereof from any
cause, in each case other than as a result of the payment in full in cash of the Obligations of the Borrower. 
 (f) All provisions contained
in any Credit Document shall be interpreted consistently with this Section 13.22 to the extent possible. 

  
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 13.23 Acknowledgment and Consent to Bail-In of
EEA Financial Institutions. Notwithstanding anything to the contrary in any Credit Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial
Institution arising under any Credit Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

 (a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which
may be payable to it by any party hereto that is an EEA Financial Institution; and 
 (b) the effects of any
Bail-In Action on any such liability, including, if applicable: 
 (i) a reduction in
full or in part or cancellation of any such liability; 
 (ii) a conversion of all, or a portion of, such liability into
shares or other instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be
accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Credit Document; or 

(iii) the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of
any EEA Resolution Authority. 
 13.24 Acknowledgment Regarding Any Supported QFCs. 

(a) To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Hedge Agreements or any other agreement or
instrument that is a QFC (such support, “QFC Credit Support” and each such QFC, a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance
Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in
respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United
States or any other state of the United States). 
 (b) In the event a Covered Entity that is party to a Supported QFC (each, a
“Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC
and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime
if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a
Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party
are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the
United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or
any QFC Credit Support. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

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

			
	CLAIRE’S HOLDINGS LLC,
	as Holdings
		
	By:	 	/s/ Stephen Sernett
	Name:	 	Stephen Sernett
	Title:	 	Senior Vice President, General Counsel and Secretary
	
	CLAIRE’S STORES, INC.,
	as the Borrower
		
	By:	 	/s/ Stephen Sernett
	Name:	 	Stephen Sernett
	Title:	 	Senior Vice President, General Counsel and Secretary

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	JPMORGAN CHASE BANK, N.A., as Administrative Agent and Collateral Agent
		
	By:	 	/s/ Justin Martin
	 Name:
	 	Justin Martin
	Title: 	 	Authorized Officer

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ ADVANCED SERIES TRUST – AST HIGH YIELD PORTFOLIO

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	 As a Lender,

	
	 /s/ ADVANCED SERIES TRUST – AST HIGH YIELD PORTFOLIO

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ ADVANCED SERIES TRUST – AST J.P. MORGAN GLOBAL THEMATIC PORTFOLIO

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ ADVANCED SERIES TRUST – AST J.P. MORGAN STRATEGIC OPPORTUNITIES PORTFOLIO

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ AON HEWITT COLLECTIVE INVESTMENT TRUST

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ AON HEWITT INVESTMENT CONSULTING, INC.

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ ARIZONA STATE RETIREMENT SYSTEM

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ Bank of America, N.A.

	(Print Name)
		
	By:	 	/s/ Miles Hanes
		 	Name: Miles Hanes
		 	Title: AVP

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ LIM BCOF SPECIAL ACCOUNT, LTD.

	(Print Name)
		
	By:	 	/s/ Michelle Martin
		 	Name: Michelle Martin
		 	Title: Autjorized Person

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ CHASE LINCOLN FIRST COMMERCIAL CORPORATION

	(Print Name)
		
	By:	 	/s/ Sean Chudzik, Asc.
		 	Name: Sean Chudzik
		 	Title: Authorized Signatory

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ COMMANDER NAVY INSTALLATIONS COMMAND RETIREMENT TRUST

	By: Lord Abbett & Co LLC, As Investment Manager
	(Print Name)
		
	By:	 	 /s/ Jeffrey Lapin

		 	Name: Jeffrey Lapin
		 	 Title: Portfolio Manager, Taxable Fixed Income

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ COMMINGLED PENSION TRUST FUND (CORE PLUS BOND) OF JPMORGAN CHASE BANK, N.A.

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ COMMINGLED PENSION TRUST FUND (CORPORATE HIGH YIELD) OF JPMORGAN CHASE BANK,
N.A.

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ COMMINGLED PENSION TRUST FUND (FLOATING RATE INCOME) OF JPMORGAN CHASE BANK,
N.A.

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ COMMINGLED PENSION TRUST FUND (HIGH YIELD) OF JPMORGAN CHASE BANK, N.A.

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	/s/ CREDIT SUISSE LOAN FUNDING LLC
	(Print Name)
		
	By:	 	/s/ Christian Campbell
		 	Name: Christian Campbell
		 	Title: Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ DEVONIAN ICAV, AN UMBRELLA IRISH COLLECTIVE ASSET-MANAGEMENT VEHICLE WITH SEGREGATED
LIABILITY BETWEEN SUB-FUNDS, ACTING SOLELY FOR AND ON BEHALF OF ITS SUB-FUND DEVONIAN FUND I

	(Print Name)
		
	By:	 	/s/ Jeffrey Yurkovic
		 	Name: Jeffrey Yurkovic
		 	Title: Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ DIAMETER MASTER FUND, LP

	(Print Name)
		
	By:	 	/s/ Christian Campbell
		 	Name: Matt Gilamartin
		 	Title: CFO

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ ELLIOTT ASSOCIATES, L.P.

	(Print Name)
	By:	 	Elliott Capital Advisors, L.P., as general partner
	By:	 	Braxton Associates, Inc., as general partner
		
	By:	 	/s/ Elliott Greenberg
		 	Name: Elliot Greenberg
		 	Title:Vice President

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ GIM Specialist Investment Funds – GIM Multi Sector Credit Fund

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ GIM TRUST 2 – SENIOR SECURED LOAN FUND

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ GOLDMAN SACHS LENDING PARTNERS LLC

	(Print Name)
		
	By:	 	/s/ Thomas Malafronte
		 	Name: Thomas Malafronte
		 	Title: Vice President

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ IBM 401(K) PLUS PLAN TRUST

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ INVESCO CREDIT OPPORTUNITIES FUND

	(Print Name)
	By:	 	Invesco Senior Secured Management, Inc. as Sub-advisor
		
	By:	 	/s/ Kevin Egan
		 	Name: Kevin Egan
		 	Title: Authorized Individual

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ INVESCO FLOATING RATE FUND

	(Print Name)
	By:	 	Invesco Senior Secured Management, Inc. as Sub-advisor
		
	By:	 	/s/ Kevin Egan
		 	Name: Kevin Egan
		 	Title: Authorized Individual

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ INVESCO OPPENHEIMER GLOBAL HIGH YIELD FUND

	(Print Name)
	By:	 	Invesco Senior Secured Management, Inc. as Investment Manager
		
	By:	 	/s/ Kevin Egan
		 	Name: Kevin Egan
		 	Title: Authorized Individual

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ INVESCO OPPENHEIMER GLOBAL STRATEGIC INCOME FUND

	(Print Name)
	By:	 	Invesco Senior Secured Management, Inc. as Investment Manager
		
	By:	 	/s/ Kevin Egan
		 	Name: Kevin Egan
		 	Title: Authorized Individual

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ INVESCO OPPENHEIMER V.I. GLOBAL STRATEGIC INCOME FUND

	(Print Name)
	By:	 	Invesco Senior Secured Management, Inc. as Investment Manager
		
	By:	 	/s/ Kevin Egan
		 	Name: Kevin Egan
		 	Title: Authorized Individual

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ INVESCO SENIOR INCOME TRUST

	(Print Name)
	By:	 	Invesco Senior Secured Management, Inc. as Sub- advisor
		
	By:	 	/s/ Kevin Egan
		 	Name: Kevin Egan
		 	Title: Authorized Individual

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ INVESCO SENIOR INCOME TRUST

	(Print Name)
	By:	 	Invesco Senior Secured Management, Inc. as Sub- advisor
		
	By:	 	/s/ Kevin Egan
		 	Name: Kevin Egan
		 	Title: Authorized Individual

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ INVESCO SENIOR LOAN FUND

	(Print Name)
	By:	 	Invesco Senior Secured Management, Inc. as Sub- advisor
		
	By:	 	/s/ Kevin Egan
		 	Name: Kevin Egan
		 	Title: Authorized Individual

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ INVESCO ZODIAC FUNDS – INVESCO US SENIOR LOAN ESG

	(Print Name)
	By:	 	Invesco Senior Secured Management, Inc. as Investment Manager
		
	By:	 	/s/ Kevin Egan
		 	Name: Kevin Egan
		 	Title: Authorized Individual

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ INVESCO ZODIAC FUNDS – INVESCO US SENIOR LOAN FUND

	(Print Name)
	By:	 	Invesco Senior Secured Management, Inc. as Investment Manager
		
	By:	 	/s/ Kevin Egan
		 	Name: Kevin Egan
		 	Title: Authorized Individual

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ JPMORGAN CHASE RETIREMENT PLAN

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ JPMORGAN CORE PLUS BOND FUND

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ JPMORGAN FLOATING RATE INCOME FUND

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ JPMORGAN GLOBAL ALLOCATION FUND

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ JPMORGAN GLOBAL BOND OPPORTUNITIES FUND

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ JPMORGAN HIGH YIELD FUND

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ JPMORGAN INCOME BUILDER FUND

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ JPMORGAN INCOME FUND

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ JPMORGAN STRATEGIC INCOME OPPORTUNITIES FUND

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ JPMORGAN TOTAL RETURN FUND

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ JPMORGAN UNCONSTRAINED DEBT FUND

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ KAISER PERMANENTE GROUP TRUST

	(Print Name)
	By:	 	Invesco Senior Secured Management, Inc. as Investment Manager
		
	By:	 	/s/ Kevin Egan
		 	Name: Kevin Egan
		 	 Title: Authorized Individual

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ LORD ABBETT BOND DEBENTURE FUND, INC.

	(Print Name)
	By:	 	Lord Abbett & Co LLC, As Investment Manager
		
	By:	 	/s/ Jeffrey Lapin
		 	Name: Jeffrey Lapin
		 	 Title: Portfolio Manager, Taxable Fixed Income

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ LORD ABBETT HIGH YIELD CORE TRUST II

	(Print Name)
		
	By:	 	Lord Abbett & Co LLC, As Investment Manager
		
	By:	 	/s/ Jeffrey Lapin
		 	Name: Jeffrey Lapin
		 	Title: Portfolio Manager, Taxable Fixed Income

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ LORD ABBETT HIGH YIELD TRUST

	(Print Name)
	By:	 	Lord Abbett & Co LLC, As Investment Manager
		
	By:	 	/s/ Jeffrey Lapin
		 	Name: Jeffrey Lapin
		 	Title: Portfolio Manager, Taxable Fixed Income

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ LORD ABBETT INVESTMENT TRUST – HIGH YIELD FUND

	(Print Name)
	By:	 	Lord Abbett & Co LLC, As Investment Manager
		
	By:	 	/s/ Jeffrey Lapin
		 	Name: Jeffrey Lapin
		 	Title: Portfolio Manager, Taxable Fixed Income

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	 As a Lender,

	
	 /s/ LORD ABBETT PASSPORT PORTFOLIOS PLC – LORD ABBETT HIGH YIELD FUND

	 (Print Name)

		
	By:	 	/s/ Jeffrey Lapin
		 	 Name: Jeffrey Lapin

		 	 Title: Portfolio Manager, Taxable Fixed Income

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	 As a Lender,

	
	 /s/ LORD ABBETT PASSPORT PORTFOLIOS PLC. – LORD ABBETT MULTI-SECTOR INCOME
FUND

	 (Print Name)

		
	By:	 	/s/ Jeffrey Lapin
		 	 Name: Jeffrey Lapin

		 	 Title: Portfolio Manager, Taxable Fixed Income

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	 As a Lender,

	
	 /s/ LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO

	 (Print Name)

		
	By:	 	Lord Abbett & Co LLC, As Investment Manager
		
	By:	 	 /s/ Jeffrey Lapin

		 	 Name: Jeffrey Lapin

		 	 Title: Portfolio Manager, Taxable Fixed Income

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	 As a Lender,

	
	 /s/ LOUISIANA STATE EMPLOYEES’ RETIREMENT SYSTEM

	 (Print Name)

		
	By:	 	/s/ Greg Seketa
		 	 Name: Greg Seketa

		 	 Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	 As a Lender,

	
	 /s/ LVIP JPMORGAN HIGH YIELD FUND

	 (Print Name)

		
	By:	 	/s/ Greg Seketa
		 	 Name: Greg Seketa

		 	 Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	 As a Lender,

	
	 /s/ MAP 139 SEGREGATED PORTFOLIO OF LMA SPC

	 (Print Name)

	 By:
	 	 Venor Capital Management, LP

		 	 its Investment Manager

		
	By:	 	/s/ David Zernel
		 	 Name: David Zernel

		 	 Title: Chief Financial Officer

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	 As a Lender,

	
	 /s/ MARATHON BLUEGRASS CREDIT FUND LP

	 (Print Name)

		
	By:	 	/s/ Andrew Rabinowitz
		 	 Name: Andrew Rabinowitz

		 	 Title: Authorized Signatory

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	 As a Lender,

	
	 /s/ MARATHON CENTRE STREET PARTNERSHIP LP

	 (Print Name)

		
	By:	 	/s/ Andrew Rabinowitz
		 	 Name: Andrew Rabinowitz

		 	 Title: Authorized Signatory

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	 As a Lender,

	
	 /s/ MARATHON CREDIT DISLOCATION FUND LP

	 (Print Name)

		
	By:	 	/s/ Andrew Rabinowitz
		 	 Name: Andrew Rabinowitz

		 	 Title: Authorized Signatory

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	 As a Lender,

	
	 /s/ MARATHON SPECIAL OPPORTUNITY MASTER FUND LTD.

	 (Print Name)

		
	By:	 	/s/ Andrew Rabinowitz
		 	 Name: Andrew Rabinowitz

		 	 Title: Authorized Signatory

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	 As a Lender,

	
	 /s/ METROPOLITAN LIFE INSURANCE COMPANY

	 (Print Name)

		
	By:	 	/s/ Greg Seketa
		 	 Name: Greg Seketa

		 	 Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	/s/ MONARCH MASTER FUND LTD.
	(Print Name)
	By:	 	Monarch Alternative Capital LP
	Its:	 	Advisor
		
	By:	 	/s/ Christopher Santana
		 	Name: Christopher Santana
		 	Title: Managing Principal

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ NORTHROP GRUMMAN PENSION MASTER

TRUST

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	/s/ OAKTREE PRINCIPAL FUND V (DELAWARE), L.P.
	(Print Name)
	By:	 	Oaktree Fund GP, LLC
	Its:	 	General Partner
		
	By:	 	Oaktree Fund GP I, L.P.
	Its:	 	Managing Member
		
	By:	 	/s/ Jared Frandle
		 	Name: Jared Frandle
		 	Title: Vice President
		
	By:	 	/s/ Amy Rice
		 	Name: Amy Rice
		 	Title: Managing Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	/s/ OAKTREE PRINCIPAL FUND VI (DELAWARE) HOLDINGS, L.P.
	(Print Name)
	By:	 	Oaktree Fund GP, LLC
	Its:	 	General Partner
		
	By:	 	Oaktree Fund GP I, L.P.
	Its:	 	Managing Member
		
	By:	 	/s/ Jared Frandle
		 	Name: Jared Frandle
		 	Title: Vice President
		
	By:	 	/s/ Amy Rice
		 	Name: Amy Rice
		 	Title: Managing Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	/s/ OAKTREE PRINCIPAL V CONTINUATION FUND (DELAWARE) HOLDCO, L.P.
	(Print Name)
	By:	 	Oaktree Fund GP, LLC
	Its:	 	General Partner
		
	By:	 	Oaktree Fund GP I, L.P.
	Its:	 	Managing Member
		
	By:	 	/s/ Jared Frandle
		 	Name: Jared Frandle
		 	Title: Vice President
		
	By:	 	/s/ Amy Rice
		 	Name: Amy Rice
		 	Title: Managing Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ PERMANENS CAPITAL DEFENSIVE INCOME FUND, L.P.

	(Print Name)
	By:	 	Lord Abbett & Co LLC, As Investment Manager
		
	By:	 	 /s/ Jeffrey Lapin

		 	Name: Jeffrey Lapin
		 	Title: Portfolio Manager, Taxable Fixed Income

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ PRINCIPAL LIFE INSURANCE COMPANY – dba PRINCIPAL CORE PLUS BOND SEPARATE
ACCOUNT

	(Print Name)
		
	By:	 	 /s/ Mark Denkinger

		 	Name: Mark Denkinger
		 	Title: Portfolio Manager

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ PRINCIPAL FUNDS, INC.— CORE PLUS BOND FUND

	(Print Name)
		
	By:	 	 /s/ Mark Denkinger

		 	Name: Mark Denkinger
		 	Title: Portfolio Manager

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ PRINCIPAL FUNDS, INC. – HIGH YIELD FUND

	(Print Name)
		
	By:	 	 /s/ Mark Denkinger

		 	Name: Mark Denkinger
		 	Title: Portfolio Manager

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/PUBLIC SERVICE NEW MEXICO QUAL NDT PARTNERS

	(Print Name)
	By: Lord, Abbett & Co. LLC, As Investment Manager
		
	By:	 	 /s/ Jeffrey Lapin

		 	Name: Jeffrey Lapin
		 	Title: Portfolio Manager

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ PW FOCUS FUND LLC

	(Print Name)
	By:	 	Parkwood LLC, Managing Member
		
	By:	 	 /s/ Karen A. Vereb / Mark A. Madeja

		 	Name: Karen A. Vereb / Mark A. Madeja
		 	Title: Secretary / Vice President

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ RAVEN HOLDINGS II, L.P.

	(Print Name)
	By:	 	Venor Capital Management, LP
	Its:	 	Investment Manager
		
	By:	 	 /s/ Mark Denkinger

		 	Name: David Zemel
		 	Title: Chief Financial Officer

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ RED ARC GLOBAL INVESTMENTS (CAYMAN) TRUST – CIBC BANK AND TRUST CO.

	(CAYMAN) LTD AS TRUSTEE
	(Print Name)
		
	By:	 	 /s/ Greg Seketa

		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ REDWOOD MASTER FUND, LTD

	(Print Name)
	By:	 	Redwood Capital Management, LLC
	Its:	 	Investment Advisor
		
	By:	 	 /s/ Mark Denkinger

		 	Name: Rubin Kliksbom
		 	Title: Co-CEO

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ RENAISSANCE INVESTMENT HOLDINGS LTD.

	(Print Name)
	By:	 	Lord Abbett & Co LLC, As Investment Manager
		
	By:	 	 /s/ Jeffrey Lapin

		 	Name: Jeffrey Lapin
		 	Title: Portfolio Manager, Taxable Fixed Income

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	/s/ SEI INSTITUTIONAL INVESTMENTS TRUST – HIGH YIELD BOND FUND
	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	/s/ SEI INSTITUTIONAL MANAGED TRUST – HIGH YIELD BOND FUND
	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	/s/ SENTRY INSURANCE A MUTUAL COMPANY
	(Print Name)
	By: Invesco Senior Secured Management, Inc. as Sub-Advisor
		
	By:	 	/s/ Kevin Egan
		 	Name: Kevin Egan
		 	Title: Authorized Individual

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	/s/ SIMON CHARITABLE PRIVATE LLC
	(Print Name)
		
	By:	 	/s/ Karen Vereb / Mark A. Madeja
		 	Name: Karen Vereb / Mark A. Madeja
		 	Title: Secretary / Assistant Secretary

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	/s/ SIMON MARKETABLE, L.P.
	(Print Name)
	By:	 	Parkwood LLC, General Partner
		
	By:	 	/s/ Karen Vereb / Mark A. Madeja
		 	Name: Karen Vereb / Mark A. Madeja
		 	Title: Secretary / Assistant Secretary

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	/s/ STICHTING BLUE SKY ACTIVE HIGH YIELD FIXED INCOME USA FUND
	(Print Name)
	By:	 	Lord Abbett & Co LLC, As Investment Manager
		
	By:	 	/s/ Jeffrey Lapin
		 	Name: Jeffrey Lapin
		 	Title: Portfolio Manager, Taxable Fixed Income

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	/s/ TEACHERS RETIREMENT SYSTEM OF OKLAHOMA
	(Print Name)
	By:	 	Lord Abbett & Co LLC, As Investment Manager
		
	By:	 	/s/ Jeffrey Lapin
		 	Name: Jeffrey Lapin
		 	Title: Portfolio Manager, Taxable Fixed Income

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	/s/ THE CITY OF NEW YORK GROUP TRUST
	(Print Name)
	By: Invesco Senior Secured Management, Inc. as Investment Manager
		
	By:	 	/s/ Kevin Egan
		 	Name: Kevin Egan
		 	Title: Authorized Individual

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ TREVILTHICK LP

	(Print Name)
	By:	 	Venor Capital Management, LP
	Its:	 	Investment Manager
		
	By:	 	/s/ David Zemel
		 	Name: David Zemel
		 	Title: Chief Financial Officer

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ TRS CREDIT FUND LP

	(Print Name)
		
	By:	 	/s/ Jeffrey Lapin
		 	Name: Andrew Rabinowitz
		 	Title: Authorized Signatory

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ U.S. HIGH YIELD BOND FUND

	(Print Name)
		
	By:	 	/s/ Greg Seketa
		 	Name: Greg Seketa
		 	Title: Executive Director

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ VENOR CAPITAL MASTER FUND LTD.

	(Print Name)
	By:	 	Venor Capital Management, LP
	Its:	 	Investment Manager
		
	By:	 	/s/ David Zemel
		 	Name: David Zemel
		 	Title: Chief Financial Officer

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ VENOR SPECIAL SITUATIONS FUND II LP

	(Print Name)
	By:	 	Venor Capital Management, LP
	Its:	 	Investment Manager
		
	By:	 	/s/ David Zemel
		 	Name: David Zemel
		 	Title: Chief Financial Officer

  
 [Signature Page to
Term Loan Credit Agreement] 

 
			
	As a Lender,
	
	 /s/ WAZEE STREET OPPORTUNITIES FUND IV LP

	(Print Name)
		
	By:	 	/s/ Stephanie McCoy
		 	Name: Stephanie McCoy
		 	Title: Chief Operations Officer

  
 [Signature Page to
Term Loan Credit Agreement]EX-10.3

 Exhibit 10.3 

EXECUTION VERSION 

$75,000,000 
 ABL CREDIT AGREEMENT

 Dated as of January 24, 2019 

among 
 CLAIRE’S HOLDINGS
LLC, 
 as Holdings, 

CLAIRE’S STORES, INC., 
 as a
U.S. Borrower and the Lead Borrower, 
 THE OTHER U.S. BORROWERS PARTY HERETO, 

CLAIRE’S (GIBRALTAR) HOLDINGS LIMITED, 

as a U.K. Borrower, 
 THE OTHER
U.K. BORROWERS PARTY HERETO, 
 THE LENDERS PARTY HERETO, 

and 
 CITIBANK, N.A., 

as Administrative Agent and Collateral Agent 
  

 
 CITIBANK GLOBAL
MARKETS INC. and 
 CITIZENS BANK, N.A., 

as Lead Arrangers and Joint Bookrunners 

 TABLE OF CONTENTS 
  

							
	 	  	Page	 
	
	ARTICLE I	  

	DEFINITIONS	  

			
	 Section 1.01.
	 	Defined Terms	  	 	1	 
	 Section 1.02.
	 	Terms Generally	  	 	51	 
	 Section 1.03.
	 	Exchange Rates; Currency Equivalents	  	 	51	 
	 Section 1.04.
	 	Classification of Revolving Loans and Borrowings	  	 	52	 
	 Section 1.05.
	 	Divisions	  	 	52	 
	 Section 1.06.
	 	Timing of Payment or Performance	  	 	52	 
	
	ARTICLE II	  

	THE CREDITS	  

			
	 Section 2.01.
	 	Commitments	  	 	52	 
	 Section 2.02.
	 	Loans and Borrowings	  	 	52	 
	 Section 2.03.
	 	Procedures for Borrowings; Swingline	  	 	53	 
	 Section 2.04.
	 	Letters of Credit	  	 	55	 
	 Section 2.05.
	 	Funding of Borrowings	  	 	59	 
	 Section 2.06.
	 	Interest Elections	  	 	59	 
	 Section 2.07.
	 	Termination and Reduction of Commitments	  	 	60	 
	 Section 2.08.
	 	Repayment of Loans; Evidence of Debt	  	 	61	 
	 Section 2.09.
	 	Prepayment of Loans	  	 	61	 
	 Section 2.10.
	 	Fees	  	 	62	 
	 Section 2.11.
	 	Interest	  	 	63	 
	 Section 2.12.
	 	Alternate Rate of Interest	  	 	64	 
	 Section 2.13.
	 	Increased Costs	  	 	65	 
	 Section 2.14.
	 	Break Funding Payments	  	 	66	 
	 Section 2.15.
	 	Taxes	  	 	66	 
	 Section 2.16.
	 	Payments Generally; Pro Rata Treatment; Sharing of Setoffs	  	 	71	 
	 Section 2.17.
	 	Mitigation Obligations; Replacement of Lenders	  	 	72	 
	 Section 2.18.
	 	Illegality	  	 	73	 
	 Section 2.19.
	 	Defaulting Lender	  	 	73	 
	 Section 2.20.
	 	Applicable Administrative Borrower and Lead Borrower	  	 	74	 
	 Section 2.21.
	 	Protective Advances	  	 	75	 
	 Section 2.22.
	 	Reserves	  	 	75	 
	 Section 2.23.
	 	Incremental Facilities	  	 	75	 
	
	ARTICLE III	  

	REPRESENTATIONS AND WARRANTIES	  

			
	 Section 3.01.
	 	Organization; Powers	  	 	78	 
	 Section 3.02.
	 	Authorization	  	 	78	 
	 Section 3.03.
	 	Enforceability	  	 	78	 
	 Section 3.04.
	 	Governmental Approvals	  	 	78	 
	 Section 3.05.
	 	Financial Statements	  	 	78	 
	 Section 3.06.
	 	Title to Properties; Possession Under Leases	  	 	79	 
	 Section 3.07.
	 	Subsidiaries	  	 	79	 
	 Section 3.08.
	 	Litigation	  	 	79	 
	 Section 3.09.
	 	Federal Reserve Regulations	  	 	80	 
	 Section 3.10.
	 	Investment Company Act	  	 	80	 
	 Section 3.11.
	 	Use of Proceeds	  	 	80	 
	 Section 3.12.
	 	Tax Returns	  	 	80	 

  
 i 

							
	 Section 3.13.
	 	Employee Benefit Plans	  	 	80	 
	 Section 3.14.
	 	Environmental Matters	  	 	81	 
	 Section 3.15.
	 	Security Documents	  	 	82	 
	 Section 3.16.
	 	Location of Real Property and Leased Premises	  	 	83	 
	 Section 3.17.
	 	Labor Matters	  	 	83	 
	 Section 3.18.
	 	Insurance	  	 	83	 
	 Section 3.19.
	 	No Default	  	 	83	 
	 Section 3.20.
	 	Intellectual Property; Licenses, Etc	  	 	83	 
	 Section 3.21.
	 	Compliance with Laws; Anti-Money Laundering and Economic Sanctions Laws	  	 	83	 
	 Section 3.22.
	 	FCPA	  	 	84	 
	 Section 3.23.
	 	Solvency	  	 	84	 
	 Section 3.24.
	 	Leases	  	 	84	 
	 Section 3.25.
	 	Eligible Accounts	  	 	85	 
	 Section 3.26.
	 	Eligible Inventory	  	 	85	 
	 Section 3.27.
	 	Inventory Records	  	 	85	 
	 Section 3.28.
	 	Disclosure	  	 	85	 
	 Section 3.29.
	 	Senior Debt	  	 	85	 
	 Section 3.30.
	 	Intercreditor Matters	  	 	85	 
	 Section 3.31.
	 	Centre of Main Interests and Establishments	  	 	85	 
	 Section 3.32.
	 	Pensions	  	 	85	 
	
	ARTICLE IV	  

	CONDITIONS OF LENDING	  

			
	 Section 4.01.
	 	Conditions to Initial Extension of Credit	  	 	86	 
	 Section 4.02.
	 	Conditions to all Extensions of Credit	  	 	88	 
	
	ARTICLE V	  

	AFFIRMATIVE COVENANTS	  

			
	 Section 5.01.
	 	Existence; Businesses and Properties	  	 	89	 
	 Section 5.02.
	 	Insurance	  	 	90	 
	 Section 5.03.
	 	Taxes	  	 	91	 
	 Section 5.04.
	 	Financial Statements, Reports, etc	  	 	91	 
	 Section 5.05.
	 	Litigation and Other Notices	  	 	92	 
	 Section 5.06.
	 	Compliance with Laws	  	 	92	 
	 Section 5.07.
	 	Maintaining Records; Access to Properties and Inspections	  	 	92	 
	 Section 5.08.
	 	Use of Proceeds	  	 	93	 
	 Section 5.09.
	 	Environmental Matters	  	 	93	 
	 Section 5.10.
	 	Further Assurances; Additional Security	  	 	93	 
	 Section 5.11.
	 	Lender Calls	  	 	96	 
	 Section 5.12.
	 	Physical Inventories and Cycle Counts	  	 	97	 
	 Section 5.13.
	 	Employee Benefit Plans	  	 	97	 
	 Section 5.14.
	 	Compliance with Environmental Laws	  	 	97	 
	 Section 5.15.
	 	Collateral Reporting	  	 	98	 
	 Section 5.16.
	 	Cash Management	  	 	98	 
	 Section 5.17.
	 	Post-Closing Actions	  	 	98	 
	 Section 5.18.
	 	People With Significant Control Regime	  	 	99	 
	
	ARTICLE VI	  

	NEGATIVE COVENANTS	  

			
	 Section 6.01.
	 	Indebtedness	  	 	99	 
	 Section 6.02.
	 	Liens	  	 	102	 
	 Section 6.03.
	 	[Reserved]	  	 	105	 
	 Section 6.04.
	 	Investments, Loans and Advances	  	 	105	 

  
 ii 

							
	 Section 6.05.
	 	Mergers, Consolidations, Sales of Assets and Acquisitions	  	 	107	 
	 Section 6.06.
	 	Restricted Payments	  	 	109	 
	 Section 6.07.
	 	Transactions with Affiliates	  	 	111	 
	 Section 6.08.
	 	Business of the Lead Borrower and the Subsidiaries	  	 	113	 
	 Section 6.09.
	 	Limitation on Payments and Modifications of Indebtedness; Modifications of Certificate of Incorporation, By Laws and Certain Other Agreements; etc	  	 	113	 
	 Section 6.10.
	 	[Reserved]	  	 	115	 
	 Section 6.11.
	 	Financial Covenant	  	 	115	 
	 Section 6.12.
	 	Fiscal Year; Accounting	  	 	115	 
	
	ARTICLE VII	  

	EVENTS OF DEFAULT	  

			
	 Section 7.01.
	 	Events of Default	  	 	115	 
	 Section 7.02.
	 	Exclusion of Immaterial Subsidiaries	  	 	118	 
	 Section 7.03.
	 	Application of Funds	  	 	118	 
	
	ARTICLE VIII	  

	THE AGENTS	  

			
	 Section 8.01.
	 	Appointment	  	 	118	 
	 Section 8.02.
	 	Delegation of Duties	  	 	119	 
	 Section 8.03.
	 	Exculpatory Provisions	  	 	119	 
	 Section 8.04.
	 	Reliance by each Agent	  	 	121	 
	 Section 8.05.
	 	Section 8.05. Notice of Default	  	 	122	 
	 Section 8.06.
	 	Non-Reliance on Agents and Other Lenders	  	 	122	 
	 Section 8.07.
	 	Indemnification	  	 	122	 
	 Section 8.08.
	 	Agent in Its Individual Capacity	  	 	123	 
	 Section 8.09.
	 	Successor Agent	  	 	123	 
	 Section 8.10.
	 	Withholding Taxes	  	 	124	 
	 Section 8.11.
	 	Certain ERISA Matters	  	 	124	 
	 Section 8.12.
	 	U.K. Security Trust Deed; Releases	  	 	125	 
	
	ARTICLE IX	  

	MISCELLANEOUS	  

			
	 Section 9.01.
	 	Notices; Communications	  	 	125	 
	 Section 9.02.
	 	Survival of Agreement	  	 	127	 
	 Section 9.03.
	 	Binding Effect	  	 	127	 
	 Section 9.04.
	 	Success	  	 	127	 
	 Section 9.05.
	 	Expenses; Indemnity	  	 	131	 
	 Section 9.06.
	 	Right of Setoff	  	 	132	 
	 Section 9.07.
	 	Applicable Law	  	 	132	 
	 Section 9.08.
	 	Waivers; Amendment	  	 	133	 
	 Section 9.09.
	 	Interest Rate Limitation	  	 	135	 
	 Section 9.10.
	 	Entire Agreement	  	 	135	 
	 Section 9.11.
	 	WAIVER OF JURY TRIAL	  	 	135	 
	 Section 9.12.
	 	Severability	  	 	135	 
	 Section 9.13.
	 	Counterparts	  	 	135	 
	 Section 9.14.
	 	Headings	  	 	135	 
	 Section 9.15.
	 	Jurisdiction; Consent to Service of Process	  	 	136	 
	 Section 9.16.
	 	Confidentiality	  	 	136	 
	 Section 9.17.
	 	Platform; Borrower Materials	  	 	137	 
	 Section 9.18.
	 	Release of Liens and Guarantees	  	 	137	 
	 Section 9.19.
	 	Judgment Currency	  	 	138	 
	 Section 9.20.
	 	USA PATRIOT Act Notice	  	 	138	 

  
 iii 

							
	 Section 9.21.
	 	No Liability of the Issuing Banks	  	 	138	 
	 Section 9.22.
	 	No Advisory or Fiduciary Responsibility	  	 	138	 
	 Section 9.23.
	 	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	  	 	139	 
	 Section 9.24.
	 	Time is of the Essence	  	 	139	 
	 Section 9.25.
	 	Intercreditor Agreement	  	 	139	 
	 Section 9.26.
	 	English Guarantee	  	 	139	 

  

			
	Exhibits and Schedules
		
	Exhibit A	  	Form of Assignment and Acceptance
	Exhibit B	  	Form of Borrowing Base Certificate
	Exhibit C- 1	  	Form of Borrowing Request
	Exhibit C- 2	  	Form of Letter of Credit Request
	Exhibit D	  	Form of Interest Election Request
	Exhibit E	  	[Reserved]
	Exhibit F	  	Form of U.S. Tax Compliance Certificate
	Exhibit G	  	[Reserved]
	Exhibit H	  	[Reserved]
	Exhibit I	  	Form of Joinder Agreement
	Exhibit J	  	Form of Intercompany Note
	Exhibit K	  	[Reserved]
	Exhibit L	  	Form of Solvency Certificate
	Schedule 1.01A	  	Excluded Subsidiaries
	Schedule 1.01C	  	Immaterial Subsidiaries
	Schedule 1.01D	  	Unrestricted Subsidiaries
	Schedule 2.01	  	Commitments
	Schedule 3.01	  	Organization and Good Standing
	Schedule 3.04	  	Governmental Approvals
	Schedule 3.07(a)	  	Subsidiaries
	Schedule 3.07(b)	  	Subscriptions
	Schedule 3.12	  	Taxes
	Schedule 3.16	  	Real Estate
	Schedule 3.20	  	Intellectual Property
	Schedule 3.21	  	Anti-Money Laundering Laws
	Schedule 5.17	  	Post-Closing Actions
	Schedule 6.01	  	Indebtedness
	Schedule 6.02(a)	  	Liens
	Schedule 6.04	  	Investments
	Schedule 9.01	  	Notice Information
	Schedule 9.26	  	English Guarantee

  

  
 iv 

 ABL CREDIT AGREEMENT, dated as of January 24, 2019 (this “Agreement”
or “ABL Credit Agreement”), among CLAIRE’S HOLDINGS LLC, a Delaware limited liability company (“Holdings”), CLAIRE’S STORES, INC., a Florida corporation (the “Lead Borrower”), each
of Holdings’ direct and indirect Subsidiaries identified on the signature pages hereof as a U.S. Borrower (such Subsidiaries, together with the Lead Borrower and each other Subsidiary incorporated, formed or otherwise organized within the
United States that becomes a party hereto in accordance with the terms hereof, the “U.S. Borrowers”), CLAIRE’S (GIBRALTAR) HOLDINGS LIMITED, a Gibraltar company (“CGHL”), each of Holdings’ Subsidiaries
formed under the laws of England and Wales identified on the signature pages hereof as a U.K. Borrower (such Subsidiaries, together with CGHL and each other Subsidiary incorporated, formed or otherwise organized under the laws of England and Wales
that becomes a party to this Agreement in accordance with the terms hereof, the “U.K. Borrowers”), the LENDERS party hereto from time to time, and CITIBANK, N.A., (“Citi”) as administrative agent (in such capacity,
the “Administrative Agent”) and collateral agent (in such capacity, the “Collateral Agent”) for the Lenders. 

RECITALS 
 WHEREAS, on
September 21, 2018, the United States Bankruptcy Court for the District of Delaware entered an order (the “Confirmation Order”) confirming the Joint Chapter 11 Plan of Reorganization (the “Plan of
Reorganization”) of the Lead Borrower and certain of its direct and indirect Subsidiaries, which Confirmation Order, inter alia, authorized Holdings’ and the U.S. Borrowers’ entry into and performance under that certain ABL
Credit Agreement dated as of October 12, 2018 (the “Exit ABL”) by and among Holdings, the Borrowers, the lenders party thereto and Citi as Administrative Agent and Collateral Agent and the Term Loan Credit Agreement; 

WHEREAS, Holdings, the Borrowers, the Administrative Agent and the Lenders have agreed, for the purposes of replacing and refinancing the Exit
ABL, to enter into this Agreement, pursuant to which (a) the Lenders will extend credit in the form of Loans in an initial aggregate principal amount at any time outstanding not to exceed $75,000,000, which shall include a sublimit for Loans to
the U.K. Borrowers of up to $37,500,000 and (b) the Issuing Banks will issue Letters of Credit for the benefit of the Lead Borrower and its Subsidiaries, in each case, subject to the terms and conditions of this Agreement; and 

WHEREAS, Holdings, the Borrowers, the Administrative Agent and the Lenders have agreed that this Agreement shall constitute and has been
designated as the Revolving Credit Agreement, and the Obligations hereunder are Revolving Credit Obligations, under and as defined in, the Intercreditor Agreement (as defined below). 

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

ARTICLE I 
 DEFINITIONS 

Section 1.01. Defined Terms. As used in this Agreement (including the recitals hereto), the following terms shall have the
meanings specified below: 
 “ABL Facility” shall mean the asset-based revolving credit facility entered into pursuant to
this Agreement. 
 “ABR” shall mean, for any day, a fluctuating rate per annum equal to the higher of (a) the Federal
Funds Rate plus 1/2 of 1.00%, (b) the Prime Rate, (c) the Adjusted Eurocurrency Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1.00%, and
(d) zero; provided that, for the avoidance of doubt, the Adjusted Eurocurrency Rate for any day shall be based on the rate determined on such day at approximately 11 a.m. (London time) by reference to the ICE Benchmark Administration
Limited Interest Settlement Rates for deposits in Dollars (as set forth by any service selected by the Administrative Agent that has been nominated by the British Bankers’ Association as an authorized vendor for the purpose of displaying such
rates). Any change in such rate due to a change in the Prime Rate, the Federal Funds Rate or the Adjusted Eurocurrency Rate shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Rate or the
Adjusted Eurocurrency Rate, as the case may be. 

  
 1 

 “ABR Borrowing” shall mean a Borrowing comprised of ABR Loans. 

“ABR Loans” shall mean any Loan (including Swingline Loans) denominated in Dollars and bearing interest at a rate determined
by reference to the ABR in accordance with the provisions of Article II. 
 “Account” shall mean, as at any date of
determination, all “accounts” (as such term is defined in the Uniform Commercial Code) of the Loan Parties and their Subsidiaries, including, without limitation, the unpaid portion of the obligation of a customer of any Loan Party or any
its Subsidiaries in respect of Inventory purchased by and shipped to such customer and/or the rendition of services by any Loan Party or any its Subsidiaries, as stated on the respective invoice of any Loan Party or any its Subsidiaries, net of any
credits, rebates or offsets owed to such customer and shall include the meaning given to the term “Trading Receivables” in the U.K. Security Agreement. 

“Account Debtor” shall mean the customer of any Loan Party or any of its Subsidiaries who is obligated on or under an
Account. 
 “Additional Mortgage” shall have the meaning assigned to such term in Section 5.10(c). 

“Additional Revolving Lender” has the meaning assigned to such term in Section 2.23(b). 

“Adjusted Eurocurrency Rate” shall mean, with respect to any Eurocurrency Borrowing for any Interest Period, an interest rate
per annum equal to (a) the Eurocurrency Rate in effect for such Interest Period divided by (b) one minus the Statutory Reserves applicable to such Eurocurrency Borrowing, if any. Notwithstanding the foregoing, the Adjusted
Eurocurrency Rate with respect to any applicable Interest Period will be deemed to be 0.00% per annum if the Eurocurrency Rate for such Interest Period determined pursuant to this definition would otherwise be less than 0.00% per annum. 

“Administrative Agent” shall have the meaning assigned to such term in the introductory paragraph of this Agreement. 

“Administrative Agent Fee Letter” shall mean that certain Fee Letter, dated as of December 21, 2018, between the Lead
Borrower and the Administrative Agent and any such other fee letter between the Lead Borrower and any successor administrative agent or collateral agent. 

“Administrative Questionnaire” shall mean an Administrative Questionnaire in a form supplied by the Administrative Agent.

 “Affiliate” shall mean, when used with respect to a specified Person, another Person that directly, or indirectly
through one or more intermediaries, Controls, is Controlled by or is under common Control with the Person specified; provided, however, that no Lender nor any Agent shall be considered an Affiliate of Holdings, the Borrowers or any
subsidiary thereof to the extent such Person is acting in its capacity as an Agent or Lender or otherwise under this Agreement. 

“Agents” shall mean the Administrative Agent and the Collateral Agent. 

“Agreement” shall have the meaning assigned to such term in the introductory paragraph of this Agreement. 

“Alternate Currency” shall mean Pounds Sterling, Euros, Canadian Dollars and Swiss Francs or any other currency other than
Dollars as may be acceptable to the Administrative Agent and the Required Lenders with respect thereto in their sole discretion. 

“Alternate Currency Letter of Credit” shall mean any Letter of Credit denominated in an Alternate Currency. 

  
 2 

 “Annual Financial Statements” shall mean the audited consolidated balance
sheet and related consolidated statements of income, cash flows and owners’ equity of the Lead Borrower and the Subsidiaries as of and for the fiscal years ended on or about January 30, 2016, January 28, 2017 and February 3,
2018. 
 “Anti-Money Laundering Laws” shall mean any and all laws, judgments, orders, executive orders, decrees,
ordinances, rules, regulations, statutes, case law or treaties applicable to a Loan Party, its Subsidiaries or Affiliates related to terrorism financing or money laundering, including any applicable provision of Title III of the Uniting and
Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (USA PATRIOT Act) of 2001 (Title III of Pub. L. 107-56) and The Currency and Foreign Transactions Reporting
Act (also known as the “Bank Secrecy Act”, 31 U.S.C. §§ 5311-5330 and 12 U.S.C. §§ 1818(s), 1820(b) and 1951-1959). 

“Applicable Administrative Borrower” shall mean the Lead Borrower. 

“Applicable Commitment Fee Rate” shall mean (i) 0.375% per annum if Global Exposure is less than 50% of the Commitments then
in effect or (ii) 0.25% per annum if Global Exposure is greater than or equal to 50% of the Commitments then in effect. 

“Applicable Margin” shall mean, for any day, 

(a) with respect to Initial Revolving Loans, any Protective Advance or any Swingline Loan, the rate per annum applicable to the relevant Type
of Loans set forth below, based upon the Excess Global Availability as of the last day of the most recently ended fiscal quarter: 
  

									
	 Excess Global Availability
 (as a
percentage of the Global Line Cap)
	  	Applicable Margin
for Eurocurrency
Loans	 	 	Applicable Margin for
ABR Loans	 
	 Category 1
	  				 			
	 3 66.7%
	  	 	1.25	% 	 	 	0.25	% 
	 Category 2
	  				 			
	 < 66.7% but 3 33.3%
	  	 	1.50	% 	 	 	0.50	% 
	 Category 3
	  				 			
	 < 33.3%
	  	 	1.75	% 	 	 	0.75	% 

 (b) with respect to Incremental Revolving Loans (other than Incremental Revolving Loans that are Initial
Revolving Loans), the rate or rates per annum specified in the applicable Incremental Revolving Facility. 
 The Applicable Margin pursuant
to clause (a) shall be adjusted quarterly on a prospective basis on the first day of each fiscal quarter of the Lead Borrower based upon the percentage of the Excess Global Availability in accordance with the table above; provided that
if a Borrowing Base Certificate is not delivered when required pursuant to Section 5.15(a), the “Applicable Margin” shall be the rate per annum set forth above in Category 3 until such Borrowing Base Certificate is delivered in
compliance with Section 5.15(a). 
 “Approved Fund” shall have the meaning assigned to such term in
Section 9.04(b). 
 “Arrangers” shall mean Citibank Global Markets Inc. and Citizens Bank, N.A. as joint lead
arrangers and joint bookrunners. 
 “Asset Sale” shall mean any loss, damage, destruction or condemnation of, or any sale,
transfer or other disposition (including any sale and leaseback of assets and any mortgage or lease of Real Property) to any Person of any asset or assets of Holdings, the Borrowers or any Subsidiary. 

  
 3 

 “Assignee” shall have the meaning assigned to such term in
Section 9.04(b). 
 “Assignment and Acceptance” shall mean an assignment and acceptance entered into by a Lender and
an Assignee, and acknowledged by the Administrative Agent and the Lead Borrower (if required by Section 9.04), in the form of Exhibit A to this Agreement or such other form as shall be approved by the Administrative Agent and reasonably
satisfactory to the Lead Borrower. 
 “Availability Conditions” shall be deemed satisfied only if, as of the relevant date
of determination: 
 (a) Global Exposure does not exceed the Global Line Cap; 

(b) U.S. Exposure does not exceed the U.S. Line Cap; and 

(c) U.K. Exposure does not exceed the U.K. Line Cap. 

“Availability Period” shall mean the period from and including the Closing Date to but excluding the earlier of the Maturity
Date and in the case of each of the Loans, Borrowings and Letters of Credit, the date of termination of the Commitments. 

“Availability Reserves” shall mean such amounts as the Administrative Agent, in its Permitted Discretion, may from time to
time establish to account for (i) slow moving Inventory and Inventory shrinkage with respect to Eligible Inventory, (ii) sums that the Loan Parties are or will be required to pay (such as taxes, assessments royalties, and insurance
premiums) and have not yet paid, (iii) Rent Reserves, (iv) the Dilution Reserve, (v) the Gift Card Liability Reserve, (vi) the Lease Reserve, (vii) the Designated Hedging Reserve and (viii) solely to the extent not
duplicative of any eligibility criteria used in determining the Borrowing Base and solely to the extent not duplicative of any of the foregoing reserves, such other events, conditions or contingencies as to which the Administrative Agent, in its
Permitted Discretion, determines reserves should be established from time to time in accordance with Section 2.22. Without limiting the generality of the foregoing, Availability Reserves established to ensure the payment of Indebtedness shall
be deemed to be a reasonable exercise of the Administrative Agent’s credit judgment established in its Permitted Discretion. 

“Bail-In Action” shall mean the exercise of any Write-Down and Conversion Powers by
the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 
 “Bail-In Legislation” shall mean, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing
law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule. 

“Bank Levy” shall mean (a) the United Kingdom bank levy as set out in Schedule 19 to the UK Finance Act 2011; (b) the
tax surcharge on banking companies as set out in Chapter 4 of Part 7A of the United Kingdom Corporation Tax Act 2010; (c) any financial activities taxes (or other taxes) of a kind contemplated in the European Commission consultation paper on
financial sector taxation dated 22 February 2011 or the Single Resolution Mechanism established by EU Regulation No. 806 / 2014 of 15 July 2014; and (d) and any other levy or tax of a similar nature in force (or formally
announced) as at the date of this Agreement or (if applicable) in respect of any party that accedes as a Lender after the date of this Agreement, as at the date of such accession, imposed in any jurisdiction in which the relevant Loan Party is
incorporated, resident for Tax purposes or carries on business through a permanent establishment. 
 “Bankruptcy Code”
shall mean Title 11 of the United States Code. 
 “Beneficial Ownership Certification” shall mean a certification regarding
beneficial ownership required by the Beneficial Ownership Regulation. 
 “Beneficial Ownership Regulation” shall mean 31
C.F.R. § 1010.230. 

  
 4 

 “Benefit Plan” shall mean any of (a) an “employee benefit
plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for
purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 

“Board” shall mean the Board of Governors of the Federal Reserve System of the United States. 

“Board of Directors” shall mean, as to any Person, the board of directors, board of managers or other governing body of such
Person, or if such Person is owned or managed by a single entity, the board of directors or other governing body of such entity. 

“Borrower Qualified IPO” shall mean an initial public offering of Equity Interests of the Lead Borrower constituting a
Qualified IPO. 
 “Borrowers” shall mean the U.S. Borrowers and the U.K. Borrowers, collectively. 

“Borrowing” shall mean a group of Loans of a single Type and Class and made on a single date and, in the case of
Eurocurrency Loans, as to which a single Interest Period is in effect. 
 “Borrowing Base” shall mean the U.S. Borrowing
Base and the U.K. Borrowing Base, collectively. In connection with the consummation of any Permitted Business Acquisition, the Lead Borrower may submit a calculation of the Borrowing Base that includes Eligible Credit Card Accounts, Eligible
Concession Accounts, Eligible Royalty Accounts, Eligible Wholesale Accounts and Eligible Inventory so acquired in connection with such Permitted Business Acquisition (collectively, the “Acquired Assets”), and from and after the date
such Permitted Business Acquisition is consummated, the Borrowing Base and Global Line Cap under the ABL Facility shall be calculated with reference to the Acquired Assets after giving effect to the applicable advance rates); provided that:

 (i) the applicable Borrower shall, for the avoidance of doubt, be allowed to utilize any increase in the Borrowing Base resulting from
any such adjustment to request a Borrowing hereunder for the purpose of funding any such Permitted Business Acquisition, and 
 (ii) until
the Lead Borrower shall have delivered to the Administrative Agent an inventory appraisal and field examination from Hilco Valuation Services (or another third party reasonably satisfactory to the Administrative Agent) covering the Acquired Assets
(which may, for the avoidance of doubt, be the inventory appraisal and/or field exam provided pursuant to Section 5.07(b) hereof), such Acquired Assets may nevertheless be included in the Borrowing Base for a period of up to 120 days after the
acquisition thereof, in an amount not to exceed 15% of the Borrowing Base (calculated after giving effect to the inclusion of the Acquired Assets), it being understood that (A) after such 120 day-period,
if such inventory appraisal and field examination has still not been completed, the Borrowing Base shall be calculated without reference to the Acquired Assets until an inventory appraisal and field exam covering the Acquired Assets is completed, at
which time such 15% cap shall no longer apply to the Acquired Assets and (B) no Default or Event of Default shall result solely from the failure to deliver an inventory appraisal or field exam with respect to any Acquired Asset. 

“Borrowing Base Certificate” shall mean a certificate of the Lead Borrower, on behalf of each Loan Party, in substantially
the form of Exhibit B hereto, duly completed as of a relevant date required in accordance with this Agreement or such earlier date from time to time determined by the Lead Borrower at its option. 

“Borrowing Minimum” shall mean $1.0 million. 

“Borrowing Multiple” shall mean $1.0 million. 

“Borrowing Request” shall mean a request by the Applicable Administrative Borrower for a Borrowing hereunder substantially in
the form of Exhibit C-1 to this Agreement. 
 “Budget” shall have the
meaning assigned to such term in Section 5.04(f). 

  
 5 

 “Business Day” shall mean any day that is not a Saturday, Sunday or other
day on which commercial banks in New York City or London or Gibraltar are authorized or required by law to remain closed; provided, that (v) when used in connection with a Eurocurrency Loan denominated in Dollars, the term “Business
Day” shall also exclude any day on which banks are not open for dealings in deposits in the applicable currency in the London interbank market, (w) when used in connection with a Eurocurrency Loan denominated in Euros, the term
“Business Day” shall also exclude any day that is not a TARGET Day, (x) when used in connection with a Eurocurrency Loan denominated in Swiss Francs, the term “Business Day” shall mean any day other than a Saturday, Sunday
or other day on which banks in Zurich are authorized or required by law to close, (y) when used in connection with a Eurocurrency Loan denominated in Canadian Dollars, the term “Business Day” shall also exclude any day which is a
legal holiday or a day on which banking institutions are authorized or are required by law or other government action to close in Toronto, Ontario and (z) when used in connection with a Eurocurrency Loan denominated in a currency other than
Dollars, Euros, Swiss Francs or Canadian Dollars, the term “Business Day” shall mean any such day on which dealings in deposits in the relevant currency are conducted by and between banks in the London or other applicable offshore
interbank market for such currency. 
 “Canadian Dollar” shall mean the lawful currency of Canada. 

“Capital Expenditures” shall mean for any period the aggregate amount of all expenditures (whether paid in cash or other
consideration or accrued as a liability) that would, in accordance with GAAP, be included as additions to property, plant and equipment and other capital expenditures of the Lead Borrower and the Subsidiaries for such period, as the same are or
would be set forth in a consolidated balance sheet of the Lead Borrower and the Subsidiaries for such period. 
 “Capital Lease
Obligations” of any Person shall mean the obligations of such Person to pay rent or other amounts under any lease of (or other similar 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 purposes hereof, the amount of such obligations at any time shall be the capitalized amount thereof accounted for as
a liability at such time determined in accordance with GAAP. 
 “Cases” shall mean the voluntary petitions filed by the
Lead Borrower and certain of its direct and indirect Subsidiaries in the United States Bankruptcy Court for the District of Delaware for relief under the Bankruptcy Code on March 19, 2018. 

“Cash Collateral Account” shall mean (i) a deposit account or securities account in the name of the Lead Borrower and
under the control (as defined in the Uniform Commercial Code) of the Collateral Agent; and (ii) in relation to the U.K. Borrowers party to the U.K. Security Agreement, the meaning giving to the term “Blocked Account” in the U.K.
Security Agreement. 
 “Cash Dominion Period” shall mean (a) any period beginning on the date on which Excess Global
Availability shall have been less than the greater of (x) 12.5% of the Global Line Cap and (y) $9,375,000 for three (3) consecutive days and ending on the date on which Excess Global Availability is equal to or greater than the greater of (x)
12.5% of the Global Line Cap and (y) $9,375,000 for each day during a period of 20 consecutive calendar days or (b) any period during which any Events of Default described in Sections 7.01(a)(ii) (but without giving effect to any grace period
applicable thereto), (b), (c), (d) (with respect to Section 6.11 only if the covenant set forth in such Section is then in effect), (e)(ii), (h), (i) or (m), in each case, has occurred and is continuing. 

“CDOR Screen Rate” shall have the meaning provided in the definition of Eurocurrency Rate. 

“CERCLA” shall mean the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as the same has been
amended and may hereafter be amended from time to time, 42 U.S.C. § 9601 et seq. 
 “CGHL” shall have the meaning
assigned to such term in the introductory paragraph of this Agreement. 
 “Change in Control” shall mean: 

  
 6 

 (a) the failure of Holdings to own, directly or indirectly through one or more Wholly- Owned
Subsidiaries, beneficially and of record, 100.0% of the issued and outstanding Equity Interests of the Lead Borrower; 
 (b) prior to a
Qualified IPO, the failure by the Permitted Holders to own, directly or indirectly through one or more holding companies, beneficially and of record, Equity Interests of Holdings representing at least a majority of the aggregate ordinary voting
power for the election of members of the Board of Directors of Holdings represented by the issued and outstanding Equity Interests of Holdings; 

(c) after a Qualified IPO, any Person or “group” (within the meaning of Rules 13d 3 and 13d 5 under the Exchange Act), other than any
combination of the Permitted Holders or any “group” including any Permitted Holders (so long as Permitted Holders own not less than a majority of the voting interest in Equity Interests of Holdings owned by all members of such
“group” in the aggregate), shall have acquired beneficial ownership of 35% or more on a fully diluted basis of the voting interest in Equity Interests of Holdings (prior to a Borrower Qualified IPO) or the Lead Borrower (following a
Borrower Qualified IPO) and the Permitted Holders shall own, directly or indirectly, less than such Person or “group” on a fully diluted basis of the voting interest in Equity Interests of Holdings (prior to a Borrower Qualified IPO) or
the Lead Borrower (following a Borrower Qualified IPO); 
 (d) during any period of 12 consecutive months, a majority of the members of the
Board of Directors of Holdings cease to be composed of individuals (i) who were members of that board on the first day of such period, (ii) whose election or nomination to that board was approved by individuals referred to in clause
(i) above constituting at the time of such election or nomination at least a majority of that board or (iii) whose election or nomination to that board was approved by individuals referred to in clauses (i) and (ii) above constituting
at the time of such election or nomination at least a majority of that board; or 
 (e) the occurrence of a “change of control” (or
similar event) under any Material Indebtedness. 
 “Change in Law” shall mean (a) the adoption of any law, rule or
regulation after the Closing Date, (b) any change in law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after the Closing Date or (c) compliance by any Lender or Issuing Bank (or, for
purposes of Section 2.13(b), by any lending office of such Lender or by such Lender’s or Issuing Bank’s holding company, if any) with any written request, guideline or directive (whether or not having the force of law) of any
Governmental Authority made or issued after the Closing Date; provided; that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or
directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar
authority) or the United States or foreign regulatory authorities, in each case, pursuant to Basel III, shall in each case be deemed to be a “Change in Law,” regardless of the date enacted, adopted or issued. 

“Change in Tax Law” shall mean any change in (or in the interpretation, administration or application of) any law relating to
Taxes or any Treaty, or any published practice or published concession of any relevant Governmental Authority other than (a) a change in a Relevant Covered Tax Agreement (or the interpretation, administration or application of a Relevant
Covered Tax Agreement) that occurs pursuant to the MLI and in accordance with MLI Reservations or MLI Notifications made by (on the one hand) the MLI Lender Jurisdiction and (on the other hand) the MLI Loan Party Jurisdiction, where each relevant
MLI Reservation or MLI Notification satisfies the MLI Disclosure Condition, or (b) a change that occurs pursuant to the United Kingdom ceasing to be a member state of the European Union as a consequence of the notification given by it on
29 March 2017 of its intention to exit the European Union pursuant to Article 50 of the Treaty on European Union. 

“Charges” shall have the meaning assigned to such term in Section 9.09. 

“Citi” shall have the meaning assigned to such term in the Recitals. 

  
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 “Class”, when used in reference to any Loan, Borrowing or Commitment,
refers to whether such Loan, or the Loans comprising such Borrowing, are Initial Revolving Loans, Protective Advances, Swingline Loans or respective Commitments related thereto or other loans or commitments added as a separate Class pursuant to
Section 2.23. For the avoidance of doubt, the U.S. Loans and the U.K. Loans constitute separate Classes of Loans. 

“Closing Date” shall mean the date on which the conditions precedent set forth in Section 4.01 have been satisfied and
the Commitment is made available to the Borrowers. 
 “Closing Date Refinancing” shall mean the satisfaction in full on the
Closing Date of any Indebtedness outstanding under the Exit ABL, including the termination of all commitments thereunder. 

“Code” shall mean the Internal Revenue Code of 1986, as amended from time to time and the regulations promulgated and rulings
issued thereunder. 
 “Collateral” shall mean the Gibraltar Collateral, the U.S. Collateral and the U.K. Collateral,
collectively. 
 “Collateral Access Agreement” shall mean a landlord waiver, bailee letter, acknowledgement agreement, or
similar agreement of any lessor, warehouseman, processor, consignee, or other Person in possession of, having a Lien upon, or having rights or interests in the U.S. Borrowers’ books and records, Equipment, or Inventory, in each case, in form
and substance reasonably satisfactory to the Administrative Agent. 
 “Collateral Agent” shall mean the Administrative
Agent acting as collateral agent for the Lenders and the other Secured Parties, or such other agents appointed by the Required Lenders to act as Collateral Agent hereunder. 

“Collateral and Guarantee Requirement” shall mean the requirement that: 

(a) [reserved]; 
 (b) subject to
the Intercreditor Agreement, (i) all Obligations of the U.S. Borrowers shall have been unconditionally guaranteed by (a) Holdings and (b) the U.S. Borrowers; and (ii) all Obligations of the U.K. Borrowers shall have been
unconditionally guaranteed by (a) Holdings, (b) the U.S. Borrowers and (c) the U.K. Borrowers; 
 (c) subject to the Intercreditor
Agreement, on or prior to the Closing Date, (i) the Collateral Agent shall have received (A) a pledge of all the issued and outstanding Equity Interests of the Lead Borrower, (B) a pledge of all the issued and outstanding Equity
Interests of any Domestic Person (other than any Qualified CFC Holding Company directly owned by Holdings or any a U.S. Borrower and any Subsidiary listed on Schedule 1.01A) owned on the Closing Date directly by Holdings or any U.S. Borrower
and (C) a pledge of 100% of the issued and outstanding non-voting Equity Interests and 65% of the issued and outstanding voting Equity Interests of each (1) Foreign Person directly owned by Holdings
or any U.S. Borrower and (2) each Qualified CFC Holding Company directly owned by Holdings or any U.S. Borrower (other than Subsidiaries listed on Schedule 1.01A) and (ii) the Collateral Agent (or a bailee on behalf of the
Collateral Agent) shall have received all certificates or other instruments (if any) representing such pledged Equity Interests referred to in clause (i) above, together with stock powers or other instruments of transfer with respect thereto
endorsed in blank; 
 (d) (i) subject to the Intercreditor Agreement, any Indebtedness that is owing to any Loan Party in excess of
$2.5 million (other than (A) intercompany current liabilities incurred in the ordinary course of business in connection with the cash management operations of the Borrowers and the Subsidiaries or (B) to the extent that a pledge of
such promissory note or instrument would violate applicable law) that is evidenced by a promissory note or an instrument shall have been pledged pursuant to the U.S. Collateral Agreement or the U.K. Security Agreement (or other applicable Security
Document as reasonably required by the Collateral Agent (acting at the written direction of Required Lenders)), and (ii) the Collateral Agent (or a bailee on behalf of the Collateral Agent) shall have received all such promissory notes or
instruments, together with note powers or other instruments of transfer with respect thereto endorsed in blank (to the extent required in the relevant jurisdiction in order to perfect such security interest); 

  
 8 

 (e) (i) in the case of any Person acquired or formed after the Closing Date that is a
Domestic Subsidiary of Holdings (including, for the avoidance of doubt, (x) any Person that was an Immaterial Subsidiary and subsequently ceases to be an Immaterial Subsidiary pursuant to the definition thereof and (y) with any Subsidiary
Redesignation resulting in an Unrestricted Subsidiary becoming a Subsidiary being deemed to constitute the acquisition of a Subsidiary), the Administrative Agent shall have received a joinder of such Person to this Agreement, in substantially the
form of Exhibit I to this Agreement and a supplement to the U.S. Collateral Agreement, substantially in the form specified therein, duly executed and delivered on behalf of such Domestic Subsidiary and (ii) in the case of any Person
organized under the laws of England and Wales that becomes a Subsidiary after the Closing Date (including, for the avoidance of doubt, (x) any Person that was an Immaterial Subsidiary and subsequently ceases to be an Immaterial Subsidiary
pursuant to the definition thereof and (y) with any Subsidiary Redesignation resulting in an Unrestricted Subsidiary becoming a Subsidiary being deemed to constitute the acquisition of a Subsidiary), the Administrative Agent shall have received
a joinder of such Person to this Agreement, substantially in the form of Exhibit I to this Agreement, and a supplement to the U.K. Security Agreement, in form and substance reasonably satisfactory to the Administrative Agent, and, in each
case of clauses (i) and (ii) above, such other documents, including, but not limited to, legal opinions (in respect of Domestic Subsidiaries only) and secretary’s certificates reasonably requested by the Administrative Agent (to the extent
applicable in the relevant jurisdiction); 
 (f) in the case of any Foreign Person that becomes directly owned by Holdings or a U.S. Borrower
after the Closing Date, subject to the limitations set forth in the proviso in paragraph (g) below and in Section 5.10(g), the Collateral Agent shall have received, as promptly as practicable following such event, a Foreign Pledge
Agreement, duly executed and delivered on behalf of such Foreign Person and the direct parent company of such Foreign Person; 
 (g) after
the Closing Date, subject to the limitations set forth in Section 5.10(g) and (h) (i) all the outstanding Equity Interests of (A) any Person that becomes a U.S. Borrower after the Closing Date and (B) all the Equity Interests
that are acquired by Holdings or any U.S. Borrower after the Closing Date shall have been pledged pursuant to the U.S. Collateral Agreement or a Foreign Pledge Agreement; provided, that in no event shall more than 100% of the issued and
outstanding non-voting Equity Interests and 65% of the issued and outstanding voting Equity Interests of (1) any Foreign Person directly owned by Holdings or a U.S. Borrower or (2) any Qualified CFC
Holding Company directly owned by Holdings or a U.S. Borrower be pledged to secure the Obligations, and in no event shall any of the issued and outstanding Equity Interests of (x) any Foreign Subsidiary that is not directly owned by Holdings or
a U.S. Borrower or (y) any Qualified CFC Holding Company that is not directly owned by Holdings or a U.S. Borrower be pledged to secure the Obligations, and (ii) subject to the Intercreditor Agreement, to the extent necessary or advisable
for perfection (or the priority thereof) in the relevant jurisdiction, the Collateral Agent (or a bailee on behalf of the Collateral Agent) shall have received all certificates or other instruments (if any) representing such Equity Interests,
together with stock powers or other instruments of transfer with respect thereto endorsed in blank; 
 (h) except as otherwise contemplated
by any Security Document, all documents and instruments, including Uniform Commercial Code financing statements (or equivalent filings under the laws of England and Wales) and intellectual property security agreements, or actions required by law or
reasonably requested by the Collateral Agent (acting at the written direction of Required Lenders) to be delivered, filed, registered, recorded or taken to create the Liens intended to be created by the Security Documents (in each case, including
any supplements thereto) and perfect such Liens to the extent required by, and with the priority required by, the Security Documents, shall have been filed, registered or recorded or arrangements shall have been made by the Lead Borrower for filing,
registration or the recording concurrently with, or promptly following, the execution and delivery of each such Security Document; 
 (i) on
or prior to the Closing Date (or such later date as determined by the Collateral Agent acting at the written direction of the Required Lenders), the Collateral Agent shall have received evidence of the insurance required by the terms of this
Agreement and the Mortgages (if any); 
 (j) except as otherwise contemplated by any Security Document, each Loan Party shall have obtained
all consents and approvals required to be obtained by it in connection with (i) the execution and delivery of all Security Documents (or supplements thereto) to which it is a party and the granting by it of the Liens thereunder and
(ii) the performance of its obligations thereunder; 

  
 9 

 (k) within thirty (30) days (as such period may be extended in the Administrative
Agent’s sole discretion) after the Closing Date, the Lead Borrower shall, and shall cause, as applicable, the other U.S. Borrowers, to use commercially reasonable efforts to enter into Collateral Access Agreements in favor of the Administrative
Agent, in form and substance acceptable to the Administrative Agent, with respect to the distribution center located in Hoffman Estates, Illinois; 

(l) (i) with respect to Deposit Accounts and Investment Accounts existing on the Closing Date or opened prior to the date that is
forty-five (45) days prior to June 30, 2019, on or prior to June 30, 2019 (or such longer time period agreed by the Administrative Agent in its reasonable discretion), and (ii) in the case of any Deposit Account or Investment
Account opened or acquired on or after the date that is forty-five (45) days prior to June 30, 2019 or owned by any Person that becomes a Loan Party on or after the date that is forty- five (45) days prior to June 30, 2019,
within forty-five (45) days following such opening or acquisition (or such longer time period as agreed by the Administrative Agent in its reasonable discretion), each applicable Loan Party shall enter into Control Arrangements over each such
Deposit Account or Investment Account maintained by such Loan Party, other than, in each case, Excluded Accounts; and 
 (m) after the
Closing Date, the Collateral Agent shall have received (i) such other Security Documents (including Additional Mortgages) as may be required to be delivered pursuant to Section 5.10, and (ii) upon reasonable request by the Collateral
Agent, evidence of compliance with any other requirements of Section 5.10. 
 “Commitment Fee” shall have the meaning
assigned to such term in Section 2.10(a). 
 “Commitments” shall mean, with respect to each Lender, the commitment of
such Lender to make Loans pursuant to Section 2.01 and/or Section 2.03(b), as such commitments may be (a) reduced from time to time pursuant to Section 2.07, (b) reduced or increased from time to time pursuant to assignments by
or to such Lender under Section 9.04 or (c) established or increased from time to time pursuant to Section 2.23 in connection with an Incremental Revolving Facility. The amount of each Lender’s Commitment is
set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Commitment, as applicable. The aggregate amount of all Commitments on the Closing Date is $75,000,000. 

“Conduit Lender” shall mean any special purpose corporation organized and administered by any Lender for the purpose of
making Loans otherwise required to be made by such Lender and designated by such Lender in a written instrument; provided, that the designation by any Lender of a Conduit Lender shall not relieve the designating Lender of any of its
obligations to fund a Loan under this Agreement if, for any reason, its Conduit Lender fails to fund any such Loan, and the designating Lender (and not the Conduit Lender) shall have the sole right and responsibility to deliver all consents and
waivers required or requested under this Agreement with respect to its Conduit Lender; provided, further, that no Conduit Lender shall (a) be entitled to receive any greater amount pursuant to Section 2.13, 2.14, 2.15 or 9.05
than the designating Lender would have been entitled to receive in respect of the extensions of credit made by such Conduit Lender or (b) be deemed to have any Commitment. 

“Confirmation Order” shall have the meaning assigned to such term in the Recitals. 

“Consolidated Fixed Charge Coverage Ratio” shall mean, with respect to any Test Period, the ratio of (a) (i) EBITDA for
such Test Period minus (ii) unfinanced Capital Expenditures for such Test Period minus (iii) cash payments of Taxes by the Lead Borrower and the Subsidiaries for such Test Period to (b) Consolidated Fixed Charges for such Test Period,
in each case, calculated on a Pro Forma Basis. 
 “Consolidated Fixed Charges” shall mean, with respect to the Lead
Borrower and the Subsidiaries on a consolidated basis for any period, the sum, without duplication, of: 

  
 10 

 (i) all scheduled principal payments of Indebtedness for borrowed money made during such
period (including any scheduled principal payments in respect of the Holdings Intercompany Note), excluding, for the avoidance of doubt, all voluntary and mandatory prepayments of Indebtedness; plus 

(ii) all cash payments constituting Interest Expense relating to debt for borrowed money (and to the extent not included in Interest Expense,
all cash dividend payments (excluding items eliminated in consolidation) on any series of Preferred Stock (including the Holdings Preferred Units) or Disqualified Stock) of the Lead Borrower and the Subsidiaries made during such period (net of
interest income of the Lead Borrower and the Subsidiaries for such period). 
 “Consolidated Net Income” shall mean, with
respect to any Person for any period, the aggregate of the Net Income of such Person and its subsidiaries for such period, on a consolidated basis; provided, however, that, without duplication, 

(i) any net after tax extraordinary, nonrecurring or unusual gains or losses or income or expense or charge (less all fees and expenses
relating thereto) including any severance, relocation or other restructuring expenses, any expenses related to any reconstruction, decommissioning, recommissioning or reconfiguration of fixed assets for alternative uses, fees, expenses or charges
relating to new product lines, plant shutdown costs, curtailments or modifications to pension and post-retirement employee benefit plans, excess pension charges, acquisition integration costs, facilities opening costs, and expenses or charges
related to any offering of Equity Interests or debt securities of Holdings or any Parent Entity, any Investment, acquisition, disposition, recapitalization or issuance, repayment, refinancing, amendment or modification of Indebtedness (in each case,
whether or not successful), in each case, shall be excluded; 
 (ii) any net after tax income or loss from abandoned, closed or discontinued
operations and any net after tax gain or loss on disposal of disposed, abandoned, transferred, closed or discontinued operations shall be excluded; 

(iii) any net after tax gain or loss (less all fees and expenses or charges relating thereto) attributable to business dispositions or asset
dispositions other than in the ordinary course of business (as determined in good faith by the Lead Borrower) shall be excluded; 
 (iv) any
net after tax income or loss (less all fees and expenses or charges relating thereto) attributable to the early extinguishment of indebtedness, Swap Agreements or other derivative instruments resulting from fair-value accounting required by the
applicable standards under GAAP shall be excluded; 
 (v) (A) the equity interest in the Net Income for such period of any Person that
is not a subsidiary of such Person, or is an Unrestricted Subsidiary, or that is accounted for by the equity method of accounting, shall be included only to the extent of the amount of dividends or distributions or other payments paid in cash (or to
the extent converted into cash) to the referent Person or a subsidiary thereof in respect of such period and (B) the Net Income for such period shall include any ordinary course dividend, distribution or other payment in cash received from any
Person in excess of the amounts included in clause (A); 
 (vi) Consolidated Net Income for such period shall not include the cumulative
effect of a change in accounting principles during such period; 
 (vii) effects of purchase accounting adjustments and/or fresh-start
accounting adjustments (including the effects of such adjustments pushed down to such Person and its subsidiaries) in component amounts required or permitted by GAAP, resulting from the application of purchase accounting in relation to any
acquisition consummated after the Closing Date or fresh-start accounting in relation to the Cases, as applicable, or the amortization or write-off of any amounts thereof, net of taxes, shall be excluded; 

(viii) any non-cash impairment charges or asset write-offs, in each case pursuant to GAAP, and the
amortization of intangibles, including key money amortization, arising pursuant to GAAP shall be excluded; 

  
 11 

 (ix) any non-cash expenses realized or resulting
from stock option plans, employee benefit plans or post-employment benefit plans, or grants or sales of stock, stock appreciation or similar rights, stock options, restricted stock, preferred stock or other rights shall be excluded; 

(x) expenses associated with additional accruals and reserves that were established or adjusted within twelve months after the Closing Date
and that are so required to be established or adjusted in accordance with GAAP or as a result of adoption or modification of accounting policies shall be excluded; 

(xi) non-cash gains, losses, income and expenses resulting from fair value accounting required by the
applicable standards under GAAP and related interpretations shall be excluded; 
 (xii) to the extent otherwise included in Consolidated Net
Income any currency translation gains and losses related to currency remeasurements of Indebtedness, and any net loss or gain resulting from Swap Agreements for currency exchange risk, shall be excluded; 

(xiii) (i) the non-cash portion of “straight-line” rent expense shall be excluded,
(ii) the cash portion of “straight-line” rent expense which exceeds the amount expensed in respect of such rent expense shall be included, (iii) the non-cash amortization of tenant
allowances shall be excluded and (iv) cash received from landlords for tenant allowances shall be included; 
 (xiv) an amount equal to
the amount of any Restricted Payments actually made to any parent or equity holder of such Person in respect of such period in accordance with Section 6.05 shall be included as though such amounts had been paid as income
taxes directly by such Person for such period; and 
 (xv) any (a) one-time non-cash compensation charges, (b) costs and expenses after the Closing Date related to employment of terminated employees (including but not limited to change of control payments, “gross up” payments
under Code Sections 280G and 4999 and the acceleration of options) or (c) costs or expenses realized in connection with or resulting from stock appreciation or similar rights, stock options or other rights existing on the Closing Date of
officers, directors and employees, in each case of such Person or any of its Subsidiaries, shall be excluded. 
 “Consolidated Total
Assets” shall mean, as of any date, the total assets of the Lead Borrower and the consolidated Subsidiaries, determined in accordance with GAAP, as set forth on the consolidated balance sheet of the Lead Borrower as of such date. 

“Contingent Value Rights Agreement” shall mean that certain Contingent Value Rights Agreement dated October 12, 2018 (as
amended, supplemented or otherwise modified from time to time) by and among Holdings, Oaktree Capital Management L.P., a Delaware limited partnership, as initial representative, American Stock Transfer & Trust Company, LLC, a New York
limited liability trust company, as rights agent and the other debtors signatory thereto. 
 “Control” shall mean the
possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ownership of voting securities, by contract or otherwise, and “Controlling” and
“Controlled” shall have meanings correlative thereto. 
 “Control Arrangement” means a (i) control
agreement, (ii) in relation to the U.K. Borrowers party to the U.K. Security Agreement, equivalent arrangements to a control agreement under the U.K. Security Agreement or (iii) a similar agreement or arrangement under applicable law, in
form and substance satisfactory to the Administrative Agent, executed and delivered by Lead Borrower or one of its Subsidiaries, the Collateral Agent, and the applicable securities intermediary (with respect to a securities account) or bank (with
respect to a deposit account). 
 “Controlled Deposit Account” shall mean (i) each deposit account (including all
funds on deposit therein) that is the subject of an effective Control Arrangement; and (ii) in relation to the U.K. Borrowers party to the U.K. Security Agreement the meaning giving to the term “Account” in the U.K. Security Agreement
(other than a “Blocked Account” as defined in the U.K. Security Agreement). 

  
 12 

 “Controlled Securities Account” shall mean each securities account or
commodity account (including all financial assets held therein and all certificates and instruments, if any, representing or evidencing such financial assets) that is the subject of an effective Control Arrangement. 

“Covenant Trigger Period” shall mean any period (a) commencing on the date upon which Excess Global Availability is less
than the greater of (x) 10.0% of the Global Line Cap as then in effect and (y) 10.0% of the Commitments as then in effect and (b) ending on the date upon which Excess Global Availability shall have been greater than or equal to the greater of
(x) 10.0% of the Global Line Cap as then in effect and (y) 10.0% of the Commitments as then in effect for a period of twenty (20) consecutive calendar days; provided that the amounts calculated pursuant to clauses (a)(y) and (b)(y) above
shall in no case be less than $5,000,000. 
 “Credit Card Agreements” shall mean all agreements or notices, each in form
and substance reasonably satisfactory to the Administrative Agent (at the direction of the Required Lenders), now or hereafter entered into by any Loan Party with any credit card issuer or any credit card processor, as the same may hereafter be
amended, modified, supplemented, extended, renewed, restated or replaced, each in form and substance reasonably satisfactory to the Administrative Agent (at the direction of the Required Lenders). 

“Credit Card Receivables” shall mean, collectively all present and future rights of Loan Parties to payment from (a) any
major credit card issuer or major credit card processor arising from sales of goods or rendition of services to customers who have purchased such goods or services using a credit or debit card and (b) any major credit card issuer or major
credit card processor in connection with the sale or transfer of Accounts arising pursuant to the sale of goods or rendition of services to customers who have purchased such goods or services using a credit card or a debit card, including, but not
limited to, all amounts at any time due or to become due from any major credit card issuer or major credit card processor pursuant to a Credit Card Agreement or otherwise. 

“Credit Event” shall have the meaning assigned to such term in Article IV. 

“CTA” shall mean the United Kingdom Corporation Tax Act 2009. 

“Debtor Relief Laws” shall mean the Bankruptcy Code, the United Kingdom Insolvency Act of 1986, the EU Regulation 1346/2000,
the United Kingdom Companies Act 2006 and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United
States, the laws of England and Wales or other applicable jurisdictions from time to time in effect. 
 “Default” shall
mean any event or condition which, but for the giving of notice, lapse of time or both would constitute an Event of Default. 

“Defaulting Lender” shall mean, subject to Section 2.19, any Lender that (a) has (i) failed to fund all or any
portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Lead Borrower in writing that such failure is the result of such Lender’s
determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, (ii) failed to pay to the
Administrative Agent, any Issuing Bank or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit) within two Business Days of the date when due, or (iii) become the
subject of a Bail-In Action, (b) has failed to otherwise comply, or has notified the Lead Borrower, the Administrative Agent, any Issuing Bank or the Swingline Lender in writing that it does not intend to
comply, with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such
Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within
three (3) Business Days after written request by the Administrative Agent or the Lead Borrower, to confirm in writing to the Administrative Agent and the Lead Borrower that it will comply with its prospective funding obligations hereunder
(provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Lead Borrower) or (d) has, or has a direct or indirect parent
company that has, (i) become the subject of a proceeding under any Debtor Relief 

  
 13 

 
Law, (ii) had publicly appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or
liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity or (iii) become the subject of a
Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company
thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on
its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under
any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.19) upon delivery of written notice of such
determination to the Lead Borrower, each Issuing Bank and such Lender. 
 “Delegate” shall mean any delegate, custodian,
nominee, agent, attorney or co-trustee appointed by the Collateral Agent pursuant to and in accordance with the terms of the U.K. Security Trust Deed, the U.K. Security Documents or this Agreement. 

“Deposit Account” shall have the meaning assigned to such term in the Uniform Commercial Code, and shall include the meaning
giving to the term “Account” in the U.K. Security Agreement. 
 “Designated Hedging Reserve” shall mean, as of
any date, such reserves as the Administrative Agent determines in its Permitted Discretion to reflect (and in no event to exceed) the then aggregate outstanding mark- to-market (“MTM”)
exposure owed by the relevant Loan Parties to all Qualified Counterparties under all Swap Agreements. Such exposure shall be the sum of the positive aggregate MTM values to each Qualified Counterparty of all Swap Agreements with such Qualified
Counterparty outstanding at the time of the relevant calculation. The aggregate MTM value to a Qualified Counterparty of all Swap Agreements with such Qualified Counterparty shall be calculated (1) on a net basis by taking into account the
netting provision contained in the ISDA Master Agreement (or other similar agreement) with such Qualified Counterparty and (2) if applicable, by taking into account any master netting agreement or arrangement in place among such Qualified
Counterparty, any Subsidiary or Affiliate thereof that is also party to a Swap Agreement and the relevant Loan Party, in which case the positive aggregate MTM value of all relevant Swap Agreements to such Qualified Counterparty and such Subsidiaries
or Affiliates who are parties to such master netting agreements shall be calculated in respect of all of the relevant Swap Agreements on a net basis across all such Swap Agreements; provided that the Lead Borrower, upon request, provides to
the Administrative Agent a copy of the master netting agreement. In calculating the positive aggregate MTM value to a Qualified Counterparty, the value of collateral (other than any Collateral) posted to such Qualified Counterparty in respect of
such Swap Agreements shall be taken into account, such that the value of such collateral shall reduce the MTM value of such Swap Agreements that is
out-of-the-money to the relevant Loan Party by an amount equal to (i) the amount of cash collateral or (ii) the value
of non-cash collateral with such value as determined by the relevant Qualified Counterparty or the relevant valuation agent in accordance with the relevant credit support annex or other collateral agreement
(for the avoidance of doubt, taking into account any haircut provision applicable to such noncash collateral), provided that the Lead Borrower shall provide any supporting documentation for such value as may be reasonably requested by the
Administrative Agent. For the avoidance of doubt, if the MTM value of all Swap Agreements with a Qualified Counterparty is a negative amount to such Qualified Counterparty (i.e., if all such Swap Agreements with such Qualified Counterparty are in-the-money to the relevant Loan Party on a net basis), such MTM value shall be treated as zero in calculating the amount of the Designated Hedging Reserves. The MTM value of
a Swap Agreement for this purpose shall be calculated and provided to the Administrative Agent, the relevant Loan Party and the Lead Borrower together with the supporting calculations therefor promptly (but in any case not later than three Business
Days) following (x) the last calendar day of each calendar month and (y) such other date on which a request was made by the Administrative Agent, the relevant Loan Party or Borrower, as applicable, for such MTM value, which shall be used
by the Administrative Agent in calculating the relevant portion of the Designated Hedging Reserves. If a Qualified Counterparty fails to provide the MTM value of a Swap Agreement within the relevant timeframe specified above, then the Administrative
Agent (I) shall give the Lead Borrower notice thereof within three Business Days from the date such Qualified Counterparty was required to provide such MTM value and (II) shall provide, upon receiving from the Lead Borrower or the relevant
Loan Party all of the information reasonably determined by the Administrative Agent 

  
 14 

 
as being necessary to determine the MTM value of the relevant Swap Agreement, a proposed MTM value of the relevant Swap Agreement within such three Business Day period. If the Lead Borrower does
not notify the Administrative Agent within three Business Days from receipt thereof that it does not agree with such MTM value, then the Administrative Agent shall use such MTM value in calculating the relevant portion of the Designated Hedging
Reserves. 
 “Dilution Factors” shall mean, without duplication, with respect to any period, the aggregate amount of all
deductions, credit memos, discounts, returns, adjustments, allowances, bad debt write-offs and other non- cash credits (including all volume discounts, trade discounts and rebates) that are recorded to reduce
Accounts of the Borrowers in a manner consistent with current and historical accounting practices of the Borrowers. 
 “Dilution
Ratio” shall mean, at any time, the amount (expressed as a percentage) equal to (1) the aggregate amount of the applicable Dilution Factors in respect of the Accounts of the Borrowers for the most recently ended twelve (12) fiscal
month period divided by (2) total gross sales of the Borrowers for such most recently ended twelve (12) fiscal month period; provided that (a) at any time the Dilution Ratio is calculated to be 5% or less, such Dilution Ratio
will be deemed to be zero and (b) at any time the Dilution Ratio is calculated to be greater than 5%, such Dilution Ratio shall be limited to the actual incremental percentage above 5%. 

“Dilution Reserve” shall mean, at any date, the product of (1) the applicable Dilution Ratio at such time multiplied by
(2) the aggregate amount of Eligible Concession Accounts, Eligible Credit Card Accounts, Eligible Royalty Accounts and Eligible Wholesale Accounts, taken together, at such time. 

“Disinterested Director” shall mean, with respect to any Person and transaction, a member of the Board of Directors of such
Person who does not have any material direct or indirect financial interest in or with respect to such transaction. 
 “Disqualified
Stock” shall mean, with respect to any Person, any Equity Interests of such Person that, by its terms (or by the terms of any security or other Equity Interests into which it is convertible or for which it is redeemable or exchangeable), or
upon the happening of any event or condition (a) matures or is mandatorily redeemable (other than solely for Qualified Equity Interests), pursuant to a sinking fund obligation or otherwise (except as a result of a change of control or asset
sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Loans and all other Obligations that are accrued and payable and the termination
of the Commitments), (b) is redeemable at the option of the holder thereof (other than solely for Qualified Equity Interests), in whole or in part, (c) provides for the scheduled payments of dividends in cash or (d) either mandatorily or
at the option of the holders thereof, is or becomes convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified Stock, in each case, prior to the date that is
ninety-one (91) days after the earlier of (x) the Final Maturity Date and (y) the date on which the Loans and all other Obligations that are accrued and payable are repaid in full and the
Commitments are terminated; provided, however, that only the portion of the Equity Interests that so mature or are mandatorily redeemable, are so convertible or exchangeable or are so redeemable at the option of the holder thereof
prior to such date shall be deemed to be Disqualified Stock; provided further, however, that if such Equity Interests are issued to any employee or to any plan for the benefit of employees of the Lead Borrower or the Subsidiaries or by
any such plan to such employees, such Equity Interests shall not constitute Disqualified Stock solely because they may be required to be repurchased by a Borrower in order to satisfy applicable statutory or regulatory obligations or as a result of
such employee’s termination, death or disability; provided further, however, that any class of Equity Interests of such Person that by its terms authorizes such Person to satisfy its obligations thereunder by delivery of Equity
Interests that are not Disqualified Stock shall not be deemed to be Disqualified Stock. Notwithstanding anything to the contrary in this Agreement, the Holdings Preferred Units shall not be considered Disqualified Stock under this Agreement. 

“Dollar Equivalent” shall mean, at any time, (a) with respect to any amount denominated in Dollars, such amount, and
(b) with respect to any amount denominated in any currency other than Dollars, the equivalent amount thereof in Dollars as determined by the Administrative Agent at such time on the basis of the Spot Rate (determined in respect of the most
recent Revaluation Date or other applicable date of determination) for the purchase of Dollars with such currency. 

  
 15 

 “Dollars” or “$” shall mean lawful money of the United
States. 
 “Domestic Person” shall mean any corporation, partnership, association or other business entity that is
incorporated or organized under the laws of the United States, any state thereof or the District of Columbia. 
 “Domestic
Subsidiary” shall mean any Subsidiary that is not a Foreign Subsidiary, a Qualified CFC Holding Company or a Subsidiary listed on Schedule 1.01A. 

“EBITDA” shall mean, with respect to the Lead Borrower and its Wholly Owned Subsidiaries on a consolidated basis for any
period, the Consolidated Net Income of the Lead Borrower and its Wholly Owned Subsidiaries for such period plus (a) the sum of (in each case without duplication and to the extent the respective amounts described in subclauses
(i) through (xi) of this clause (a) reduced such Consolidated Net Income (and were not excluded therefrom) for the respective period for which EBITDA is being determined): 

(i) provision for Taxes based on income, profits or capital of the Lead Borrower and its Wholly Owned Subsidiaries for such period, including,
state, franchise and similar Taxes and foreign withholding Taxes (including any penalties and interest related to such Taxes or arising from Tax examinations), 

(ii) Interest Expense (and to the extent not included in Interest Expense, (x) all cash dividend payments (excluding items eliminated in
consolidation) on any series of Preferred Stock (including the Holdings Preferred Units) or Disqualified Stock and (y) costs of surety bonds in connection with financing activities) of the Lead Borrower and its Wholly Owned Subsidiaries for
such period (net of interest income of the Lead Borrower and its Wholly Owned Subsidiaries for such period), 
 (iii) depreciation and
amortization expenses of the Lead Borrower and its Wholly Owned Subsidiaries for such period including the amortization of intangible assets, key money expense, deferred financing fees and capitalized software expenditures and amortization of
unrecognized prior service costs and actuarial gains and losses related to pensions and other post-employment benefits, 
 (iv) any expenses
or charges (other than depreciation or amortization expense as described in the preceding clause (iii)) related to any issuance of Equity Interests, Investment, acquisition, disposition, recapitalization or the incurrence, modification or repayment
of Indebtedness permitted to be incurred by this Agreement (including a refinancing thereof) (whether or not successful), including (x) such fees, expenses or charges related to the Obligations and (y) any amendment or other modification
of the Obligations or other Indebtedness, 
 (v) restructuring charges or reserves, 

(vi) any other non-cash charges; provided, that, for purposes of this clause (vi), any non-cash charges or losses shall be treated as cash charges or losses in any subsequent period during which cash disbursements attributable thereto are made (but excluding, for the avoidance of doubt, amortization
of a prepaid cash item that was paid in a prior period and any other item specifically identified in the definition of “Consolidated Net Income” or in this definition of “EBITDA”), 

(vii) any cash or non-cash expenses related to a financial restructuring or the Cases (including but
not limited to legal, consulting and advisory fees), 
 (viii) fees and expenses paid in connection with the Transactions and/or any
Emergence Transaction, 
 (ix) any costs or expense incurred pursuant to any management equity plan or stock option plan or any other
management or employee benefit plan or agreement, to the extent that such cost or expenses are funded with cash proceeds contributed to the capital of the Lead Borrower or other Borrower, 

  
 16 

 (x) non-cash stock compensation expense including
GAAP charges associated with any long-term incentive plan now in effect or later established, and 
 (xi) any
non-cash charges associated with any income or loss from disposed, abandoned, discontinued operations or store closures to the extent not already captured in clause (a)(ii) of the definition of
“Consolidated Net Income”, 
 minus (b) the sum of (without duplication and to the extent the amounts described in this clause
(b) increased such Consolidated Net Income for the respective period for which EBITDA is being determined) non-cash items increasing Consolidated Net Income of the Lead Borrower and its Wholly Owned
Subsidiaries for such period (but excluding any such items (A) in respect of which cash was received in a prior period or will be received in a future period or (B) which represent the reversal of any accrual of, or cash reserve for,
anticipated cash charges that reduced EBITDA in any prior period); provided; that EBITDA for the fiscal quarter ended (a) February 3, 2018 shall be $86.8 million, (b) May 5, 2018 shall be $41.9 million,
(c) August 4, 2018 shall be $54.2 million and (d) November 3, 2018 shall be $40.4 million. 

“Economic Sanctions Laws” shall mean those laws, executive orders, enabling legislation or regulations administered and
enforced by the United States, United Kingdom or other Governmental Authority pursuant to which Sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency
Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act. 
 “EEA Financial Institution”
shall mean (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an
institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to
consolidated supervision with its parent. 
 “EEA Member Country” shall mean any of the member states of the European
Union, Iceland, Liechtenstein, and Norway. 
 “EEA Resolution Authority” shall mean any public administrative authority or
any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Eligible Concession Accounts” shall mean all of the Accounts (net of fees) of the Borrowers arising in the ordinary course
of business from arrangements under which goods or services of third parties are sold or performed in the Borrowers’ retail stores or e-commerce sites, which have been earned by performance, that are not
excluded as ineligible by virtue of one or more of the criteria set forth below and are reflected in the most recent Borrowing Base Certificate delivered by the Lead Borrower to the Administrative Agent. Eligible Concession Accounts shall not
include any of the following Accounts: 
 (a) Any Account that does not arise from concession arrangements of such Borrower in the ordinary
course of business; 
 (b) Any Account upon which such Borrower’s right to receive payment is not absolute or is contingent upon the
fulfillment of any condition whatsoever or as to which such Borrower is not able to bring suit or otherwise enforce its remedies against the Account Debtor through judicial process; 

(c) Any Account to the extent that any credit or any defense, counterclaim, setoff or dispute is asserted as to such Account; 

(d) Any Account that is not a true and correct statement of bona fide indebtedness incurred in the amount of the Account; 

  
 17 

 (e) Only to the extent a Borrower invoices an Account Debtor as part of its billing
practice, any Account with respect to which an invoice, reasonably acceptable to the Administrative Agent, in form and substance, has not been sent to the applicable Account Debtor (it being understood and agreed that the form of invoice provided to
the Administrative Agent prior to the Closing Date is so acceptable); 
 (f) Any Account that (i) is not owned by such Borrower or
(ii) is subject to any right, claim, security interest or other interest of any other Person, other than those (x) Liens expressly permitted under Section 6.02(a) and (b) and (y) Qualified Liens; 

(g) Any Account that arises from a contract with any director, officer, other employee or Affiliate of any Borrower, or to any entity that has
any common officer with any Borrower; 
 (h) Any Account that is the obligation of an Account Debtor that is the United States government or
a political subdivision thereof, or any state, county or municipality or department, agency or instrumentality thereof unless Administrative Agent, in its sole discretion, has agreed to the contrary in writing and such Borrower, if necessary or
desirable, has complied with respect to such obligation with the Federal Assignment of Claims Act of 1940, or any applicable state, county or municipal law restricting the assignment thereof with respect to such obligation; 

(i) Any Account to the extent a Borrower is liable for goods sold or services rendered by the applicable Account Debtor to such Borrower or any
Subsidiary thereof but only to the extent of the potential offset; 
 (j) Any Account that is in default; provided, that, without
limiting the generality of the foregoing, an Account shall be deemed in default upon the occurrence of any of the following: 
 (i) the
Account is not paid within the earlier of: 60 days following its due date or 90 days following its original invoice date; or 
 (ii) the
Account Debtor obligated upon such Account suspends business, makes a general assignment for the benefit of creditors or fails to pay its debts generally as they come due; or 

(k) a petition is filed by or against any Account Debtor obligated upon such Account under any bankruptcy law or any other federal, state or
foreign (including any provincial) receivership, insolvency relief or other law or laws for the relief of debtors; 
 (l) Any Account that is
the obligation of an Account Debtor if 50% or more of all Accounts owing by that Account Debtor are ineligible under the other criteria set forth in this definition; 

(m) Any Account as to which the Collateral Agent’s Lien thereon, on behalf of itself and the other Secured Parties, is not a first
priority perfected Lien; 
 (n) Any Account as to which any of the representations or warranties in the Loan Documents are untrue; 

(o) Any Account to the extent such Account is evidenced by a judgment, Instrument or Chattel Paper (each as defined by the Uniform Commercial
Code); or 
 (p) Any Account that is payable in any currency other than Dollars, or with respect to the U.K. Borrowing Base, Pounds Sterling,
Euros, Canadian Dollars or Swiss Francs. 
 “Eligible Concession Inventory” shall mean Inventory that is located on
premises owned, leased, operated or otherwise occupied by (a) CVS Pharmacy, Inc. (or its Affiliates), Giant Eagle, Inc. (or its Affiliates), Hy-Vee, Inc. (or its Affiliates), Wal-Mart (or its Affiliates), UPIM (or its Affiliates), Toy Centre (or its Affiliates), Prenatal (or its Affiliates), BLU Kids (or its Affiliates), COIN (or its Affiliates) and/or Tesco (or its Affiliates) or
(b) upon written notice to the Administrative Agent, any other retailer or other third party seller for purposes of concession sales and subject to a requirement that such retailer or third party seller pay the applicable Loan Party upon the
sale of such Inventory within not more than 35 days of the sale of such Inventory. 

  
 18 

 “Eligible Credit Card Accounts” shall mean all of the Credit Card
Receivables (net of fees) of the Borrowers that arise in the ordinary course of business, which have been earned by performance, that are not excluded as ineligible by virtue of one or more of the criteria set forth below and reflected in the most
recent Borrowing Base Certificate delivered by the Lead Borrower to the Administrative Agent. Eligible Credit Card Accounts shall not include any of the following Credit Card Receivables: 

(a) Credit Card Receivables that have been outstanding for more than ten (10) Business Days from the date of sale; 

(b) Credit Card Receivables with respect to which a Borrower does not have good, valid and marketable title thereto, free and clear of any Lien
(other than those (i) Liens expressly permitted under Section 6.02(a) and (b) and (ii) Qualified Liens); 
 (c) Credit Card
Receivables that are not subject to a first priority perfected Lien in favor of Administrative Agent on behalf of the Secured Parties; 
 (d)
Credit Card Receivables which are disputed, or with respect to which a claim, counterclaim, offset or chargeback has been asserted, by the related credit card processor (but only to the extent of such dispute, counterclaim, offset or chargeback); or

 (e) Credit Card Receivables which the credit card processor has the right under certain circumstances to require the Borrowers to
repurchase such Accounts from such credit card processor. 
 “Eligible In Transit Inventory” shall mean finished goods
Inventory owned by a Borrower which is in transit to such Borrower’s owned or leased location in the contiguous United States and/or England and Wales from a location of a vendor with a freight carrier or shipping company which is not an
Affiliate of any Loan Party or the vendor and which Inventory is not excluded as ineligible by virtue of one or more of the criteria set forth below and reflected in the most recent Borrowing Base Certificate delivered by the Lead Borrower to the
Administrative Agent. Eligible In Transit Inventory shall not include any of the following Inventory: 
 (a) Inventory (i) that has not
been identified in a contract of sale between a vendor and a Borrower, and (ii) Inventory in respect of which such vendor has or maintains rights to reclaim, divert the shipment of, reroute, repossess, stop delivery of such Inventory (whether
under applicable law or pursuant to effective documents of title or otherwise unless (x) reserves reasonably satisfactory to the Administrative Agent have been established with respect thereto or (y) a reasonably satisfactory waiver of
such rights by vendor has been delivered to the Administrative Agent); or 
 (b) Inventory not otherwise deemed to be “Eligible
Inventory” (other than failure to comply with clauses (b) and (c) thereof). 
 “Eligible Inventory” shall mean,
all of the Inventory owned by a Borrower that is not excluded as ineligible by virtue of one or more of the criteria set forth below and reflected in the most recent Borrowing Base Certificate delivered by the Lead Borrower to the Administrative
Agent. Eligible Inventory shall not include any of the following Inventory: 
 (a) Inventory that is not owned by such Borrower free and
clear of all Liens and rights of any other Person (including the rights of a purchaser that has made progress payments and the rights of a surety that has issued a bond to assure such Borrower’s performance with respect to that Inventory),
except for (x) those Liens expressly permitted under Section 6.02(a) and (b) and (y) Qualified Liens; 

  
 19 

 (b) Inventory that is not located on premises owned, leased or rented (including warehouse
storage space) by such Borrower other than as set forth in clause (c) below; provided, however, that this clause (b) shall not disqualify Eligible Concession Inventory; 

(c) Inventory that is in transit, except for (x) Inventory in transit from (i) an owned or leased location of the Borrowers to
another owned or leased location of the Borrowers, or a franchisee of the Borrowers, in the United States and/or England and Wales or (ii) a location of the Loan Parties to another location of the Loan Parties, in Canada, in each case, as to
which Collateral Agent’s Liens have been perfected at origin and destination and (y) Eligible In Transit Inventory; 
 (d)
Inventory that is covered by a negotiable document of title, unless such original document has been delivered to the Administrative Agent with all necessary endorsements, free and clear of all Liens except those Liens expressly permitted under
Section 6.02(a) and (b) and Qualified Liens; 
 (e) Inventory that is used (other than
trade-ins and returns described in clause (g) below) excess, obsolete, unsaleable, shopworn, seconds, samples, damaged, unfit for sale, imperfects, or designed or held for destruction; 

(f) Inventory that consists of display items or packing or shipping materials, manufacturing supplies, raw materials, parts, subassemblies, work-in-process, tooling, replacement parts (excluding from the foregoing, however, readily saleable components) or other unfinished Inventory; 

(g) Inventory that consists of goods which have been returned by the buyer (other than trade-ins which
are undamaged and fit for immediate sale in the ordinary course of business and other than returns that have been restocked and can be resold as new); 

(h) Inventory that is not of a type held for sale in the ordinary course of such Borrower’s business; 

(i) Inventory that is not subject to a first-priority lien in favor of the Collateral Agent on behalf of itself and the Secured Parties; 

(j) Inventory as to which any of the representations or warranties pertaining to it set forth in the Loan Documents is untrue; 

(k) Inventory that that consists of Hazardous Materials or goods that can be transported or sold only with licenses that are not readily
available; 
 (l) Inventory that is not covered by casualty insurance reasonably acceptable to the Administrative Agent; 

(m) Inventory (i) subject to any licensing, trademark, trade name or copyright agreements with any third parties which would require any
consent of any third party for the sale or disposition of that Inventory (which consent has not been obtained), (ii) subject to the payment of any monies to any third party upon such sale or disposition unless reserves reasonably satisfactory to the
Administrative Agent have been established with respect thereto or (iii) which may not be sold without violation or infringement of the intellectual property rights of third parties; or 

(n) (i) Inventory located outside the United States, in the case of the U.S. Borrowing Base, except for Eligible In Transit Inventory, and
(ii) Inventory located outside of England and Wales, in the case of the U.K. Borrowing Base, except for Eligible In Transit Inventory. 

  
 20 

 “Eligible Royalty Accounts” shall mean all of the Accounts (net of fees) of
the Borrowers arising in the ordinary course of business from arrangements under which third parties pay royalties, licensing fees or similar fees to a Borrower for the use of Intellectual Property or other proprietary rights of a Borrower, which
have been earned by performance, that are not excluded as ineligible by virtue of one or more of the criteria set forth below and are reflected in the most recent Borrowing Base Certificate delivered by the Lead Borrower to the Administrative Agent.
Eligible Royalty Accounts shall not include any of the following Accounts: 
 (a) Any Account (i) upon which such Borrower’s right
to receive payment is not absolute or is contingent upon the fulfillment of any condition whatsoever or as to which such Borrower is not able to bring suit or otherwise enforce its remedies against the Account Debtor through judicial process; 

(b) Any Account to the extent that any credit or any defense, counterclaim, setoff or dispute is asserted as to such Account; 

(c) Any Account that is not a true and correct statement of bona fide indebtedness incurred in the amount of the Account; 

(d) Any Account with respect to which an invoice, reasonably acceptable to the Administrative Agent in form and substance (it being understood
and agreed that the form of invoice provided to the Administrative Agent prior to the Closing Date is so acceptable), has not been sent to the applicable Account Debtor; 

(e) Any Account that (i) is not owned by such Borrower or (ii) is subject to any right, claim, security interest or other interest of
any other Person, other than those (x) Liens expressly permitted under Section 6.02(a) and (b) and (y) Qualified Liens; 
 (f)
Any Account that arises from a contract with any director, officer, other employee or Affiliate of any Borrower, or to any entity that has any common officer with any Borrower; 

(g) Any Account that is the obligation of an Account Debtor that is the United States government or a political subdivision thereof, or any
state, county or municipality or department, agency or instrumentality thereof unless Administrative Agent, in its sole discretion, has agreed to the contrary in writing and such Borrower, if necessary or desirable, has complied with respect to such
obligation with the Federal Assignment of Claims Act of 1940, or any applicable state, county or municipal law restricting the assignment thereof with respect to such obligation; 

(h) Any Account to the extent a Borrower is liable for goods sold or services rendered by the applicable Account Debtor to such Borrower or any
Subsidiary thereof but only to the extent of the potential offset; 
 (i) Any Account that is in default; provided, that, without
limiting the generality of the foregoing, an Account shall be deemed in default upon the occurrence of any of the following: 
 (i) the
Account is not paid within the earlier of: 60 days following its due date or 90 days following its original invoice date; or (ii) the Account Debtor obligated upon such Account suspends business, makes a general assignment for the benefit of
creditors or fails to pay its debts generally as they come due; 
 (j) a petition is filed by or against any Account Debtor obligated upon
such Account under any bankruptcy law or any other federal, state or foreign (including any provincial) receivership, insolvency relief or other law or laws for the relief of debtors; 

(k) Any Account that is the obligation of an Account Debtor if 50% or more of all Accounts owing by that Account Debtor are ineligible under
the other criteria set forth in this definition; 
 (l) Any Account as to which the Collateral Agent’s Lien thereon, on behalf of itself
and the other Secured Parties, is not a first priority perfected Lien; 
 (m) Any Account as to which any of the representations or
warranties in the Loan Documents are untrue; 

  
 21 

 (n) Any account to the extent such Account is evidenced by a judgement, Instrument or
Chattel Paper; or 
 (o) Any Account that is payable in any currency other than Dollars or with respect to the U.K. Borrowing Base, Pounds
Sterling, Euros, Canadian Dollars or Swiss Francs. 
 “Eligible Wholesale Accounts” shall mean all of the Accounts (net of
fees) of the Borrowers arising in the ordinary course of business from the sale of the Borrowers’ Inventory at wholesale to Persons (including franchisees of the Borrowers) who intend to resell such Inventory, which have been earned by
performance, that are not excluded as ineligible by virtue of one or more of the criteria set forth below and are reflected in the most recent Borrowing Base Certificate delivered by the Lead Borrower to the Administrative Agent. Eligible Wholesale
Accounts shall not include any of the following Accounts: 
 (a) Any Account that does not arise from the sale of Inventory or the
performance of services by such Borrower in the ordinary course of business; 
 (b) Any Account (i) upon which such Borrower’s
right to receive payment is not absolute or is contingent upon the fulfillment of any condition whatsoever or (ii) as to which such Borrower is not able to bring suit or otherwise enforce its remedies against the Account Debtor through judicial
process, or (iii) if the Account represents a progress billing consisting of an invoice for goods sold or used or services rendered pursuant to a contract under which the Account Debtor’s obligation to pay that invoice is subject to such
Borrower’s completion of further performance under such contract or is subject to the equitable lien of a surety bond issuer; 
 (c) Any
Account to the extent that any credit or any defense, counterclaim, setoff or dispute is asserted as to such Account; 
 (d) Any Account that
is not a true and correct statement of bona fide indebtedness incurred in the amount of the Account for merchandise sold to or services rendered and accepted by the applicable Account Debtor; 

(e) Any Account with respect to which an invoice, reasonably acceptable to the Administrative Agent in form and substance (it being understood
and agreed that the form of invoice provided to the Administrative Agent prior to the Closing Date is so acceptable), has not been sent to the applicable Account Debtor; 

(f) Any Account that (i) is not owned by such Borrower or (ii) is subject to any right, claim, security interest or other interest of
any other Person, other than those (x) Liens expressly permitted under Section 6.02(a) and (b) and (y) Qualified Liens; 
 (g)
Any Account that arises from a sale to any director, officer, other employee or Affiliate of any Borrower, or to any entity that has any common officer with any Borrower; 

(h) Any Account that is the obligation of an Account Debtor that is the United States government or a political subdivision thereof, or any
state, county or municipality or department, agency or instrumentality thereof unless Administrative Agent, in its sole discretion, has agreed to the contrary in writing and such Borrower, if necessary or desirable, has complied with respect to such
obligation with the Federal Assignment of Claims Act of 1940, or any applicable state, county or municipal law restricting the assignment thereof with respect to such obligation; 

(i) Any Account that is the obligation of an Account Debtor located in a country other than the United States, or, in the case of a U.K.
Borrower, England and Wales, unless payment thereof is assured by a letter of credit in form and substance reasonably acceptable to the Administrative Agent (it being understood and agreed that the letters of credit relating to Eligible Wholesale
Accounts included in the Borrowing Base as of the Closing Date are so acceptable) issued in favor of one or more Borrowers; 

  
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 (j) Any Account to the extent such Borrower or any Subsidiary thereof is liable for goods
sold or services rendered by the applicable Account Debtor to such Borrower or any Subsidiary thereof but only to the extent of the potential offset; 

(k) Any Account that arises with respect to goods that are delivered on a
bill-and-hold, credit hold, cash-on-delivery basis or placed on consignment, guaranteed
sale or other terms by reason of which the payment by the Account Debtor is or may be conditional; 
 (l) Any Account that is in default;
provided, that, without limiting the generality of the foregoing, an Account shall be deemed in default upon the occurrence of any of the following: 

(i) the Account is not paid within the earlier of: 60 days following its due date or 90 days following its original invoice date; or 

(ii) the Account Debtor obligated upon such Account suspends business, makes a general assignment for the benefit of creditors or fails to pay
its debts generally as they come due; or 
 (m) a petition is filed by or against any Account Debtor obligated upon such Account under any
bankruptcy law or any other federal, state or foreign (including any provincial) receivership, insolvency relief or other law or laws for the relief of debtors; 

(n) Any Account that is the obligation of an Account Debtor if 50% or more of all Accounts owing by that Account Debtor are ineligible under
the other criteria set forth in this definition; 
 (o) Any Account as to which the Collateral Agent’s Lien thereon, on behalf of itself
and the other Secured Parties, is not a first priority perfected Lien; 
 (p) Any Account as to which any of the representations or
warranties in the Loan Documents are untrue; 
 (q) Any Account to the extent such Account is evidenced by a judgment, Instrument or Chattel
Paper; 
 (r) Any Account that is payable in any currency other than Dollars, or with respect to the U.K. Borrowing Base, Pounds Sterling,
Euros, Canadian Dollars or Swiss Francs; or 
 (s) Any Account that is a Credit Card Receivable, regardless of whether any such Account is an
Eligible Credit Card Account. 
 “Embargoed Person” shall mean (i) any country or territory that is the subject of a
sanctions program administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”), the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom or
(ii) any party that (w) is publicly identified on the most current list of “Specially Designated Nationals and Blocked Persons” published by OFAC, (x) is a “designated national” pursuant to OFAC’s Cuban Assets
Control Regulations (31 C.F.R. 515.305), (y) resides, is organized or chartered, or has a place of business in a country or territory that is the subject of a sanctions program administered by OFAC, the United Nations Security Council, the European
Union or Her Majesty’s Treasury of the United Kingdom or (z) is publicly identified as prohibited from doing business with the United States under the International Emergency Economic Powers Act, the Trading With the Enemy Act, or any
other requirement of law. 
 “Emergence Transactions” shall mean the financing obtained pursuant to the Exit ABL, the Term
Loan Credit Agreement and the Holdings LLC Agreement, the consummation of the Closing Date Refinancing (as defined in the Exit ABL, as in effect immediately prior to the consummation of the Transactions), the consummation of the Plan of
Reorganization, the issuance by Holdings of the Holdings Preferred Units, the transactions related to the foregoing or arising therefrom, including the Emergence Restructuring Transactions (as defined in the Exit ABL, as in effect immediately prior
to the consummation of the Transactions), and the payment of fees, commission and expenses associated therewith. 

  
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 “Environment” shall mean ambient and indoor air, surface water and
groundwater (including potable water, navigable water and wetlands), the land surface or subsurface strata, natural resources such as flora and fauna, the workplace or as otherwise defined in any applicable law (including common law), rules,
regulations, codes, ordinances, orders, decrees or judgments, promulgated or entered into by any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural resources, the generation, management, Release or
threat of Release, or exposure to, any hazardous material or to occupational health and safety matters (to the extent relating to the environment or Hazardous Materials). 

“Environmental Claims” shall mean any and all administrative, regulatory or judicial actions, suits, demands, demand letters,
directives, claims, liens, notices of noncompliance or violation, investigations and/or proceedings relating in any way to any Environmental Law or any permit issued, or any approval given, under any such Environmental Law, including, (a) any
and all Environmental Claims by governmental or regulatory authorities for enforcement, investigation, cleanup, removal, response, remedial or other actions or damages pursuant to any applicable Environmental Law, and (b) any and all
Environmental Claims by any third party seeking damages, contribution, indemnification, cost recovery, compensation or injunctive relief arising out of or relating to an alleged injury or threat of injury to human health, safety or the Environment
due to the presence of Hazardous Materials, including any Release or threat of Release of any Hazardous Materials. 
 “Environmental
Law” shall mean any federal, state, provincial, foreign or local statute, law, rule, regulation, ordinance, code, binding guideline and rule of common law, now or hereafter in effect and in each case as amended, and any judicial or
administrative interpretation thereof, including any judicial or administrative order, consent decree or judgment, relating to pollution or protection of the Environment, occupational health or Hazardous Materials. 

“Equity Interests” of any Person shall mean any and all shares, interests, rights to purchase or otherwise acquire, warrants,
options, participations or other equivalents of or interests in (however designated) equity or ownership of such Person, including any preferred stock, any limited or general partnership interest and any limited liability company membership
interest, and any securities or other rights or interests convertible into or exchangeable for any of the foregoing. 

“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as the same may be amended from time to time and any
regulations promulgated and the rulings issued thereunder. 
 “ERISA Affiliate” shall mean any trade or business (whether
or not incorporated) that, together with the Lead Borrower or a Subsidiary, is treated as a single employer under Section 414(b) or (c) of the Code, or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is
treated as a single employer under Section 414(b) and (c) of the Code. 
 “ERISA Event” shall mean (a) any
Reportable Event occurs or the requirements of Section 4043(b) of ERISA apply with respect to a Plan; (b) the existence with respect to any Plan of an “accumulated funding deficiency” (as defined in Section 412 of the Code
or Section 302 of ERISA) and, on and after the effectiveness of Title I of the Pension Act, any failure by any Plan to satisfy the minimum funding standards (within the meaning of Section 412 of the Code or Section 302 of ERISA)
applicable to such Plan, whether or not waived; (c) the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan, the failure to
make by its due date a required installment under Section 412(m) of the Code with respect to any Plan or the failure to make any required contribution to a Multiemployer Plan; (d) the incurrence by the Borrowers, a Subsidiary or any ERISA
Affiliate of any liability under Title IV of ERISA with respect to the termination of any Plan or Multiemployer Plan; (e) the receipt by the Borrowers, a Subsidiary or any ERISA Affiliate from the PBGC or a plan administrator of any notice
relating to an intention to terminate any Plan or to appoint a trustee to administer any Plan under Section 4042 of ERISA; (f) the incurrence by the Borrowers, a Subsidiary or any ERISA Affiliate of any liability with respect to the
withdrawal or partial withdrawal from any Plan or Multiemployer Plan; (g) the receipt by the Borrowers, a Subsidiary or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Borrowers, a Subsidiary or any ERISA

  
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Affiliate of any notice, concerning the impending imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within
the meaning of Title IV of ERISA (or, after the effectiveness of Title II of the Pension Act, that it is in endangered or critical status, within the meaning of Section 305 of ERISA); (h) the conditions for imposition of a lien under
Section 302(f) of ERISA shall have been met with respect to any Plan; (i) on and after the effectiveness of Title I of the Pension Act, a determination that any Plan is, or is expected to be, in “at risk” status (as defined in
Section 303(i)(4)(A) of ERISA or Section 430(i)(4)(A) of the Code); or (j) the adoption of an amendment to a Plan requiring the provision of security to such Plan pursuant to Section 307 of ERISA. 

“EU Bail-In Legislation Schedule” shall mean the EU
Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time. 

“Euro” or “€” shall mean the single currency of the Participating Member States. 

“Eurocurrency Borrowing” shall mean a Borrowing comprised of Eurocurrency Loans. 

“Eurocurrency Loan” shall mean any Loan bearing interest at a rate determined by reference to the Adjusted Eurocurrency Rate
in accordance with the provisions of Article II. 
 “Eurocurrency Rate” shall mean, with respect to any Eurocurrency
Borrowing for any Interest Period, the greater of (a) zero, and (b) 
 (i) in the case of Dollar denominated and Swiss Franc
denominated loans, the London interbank offered rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for Dollars or Swiss Francs, as applicable, for a period equal in length to
such Interest Period as displayed on pages LIBOR01 or LIBOR02 of the Reuters screen that displays such rate as of approximately 11:00 a.m. (London time) two Business Days prior to the commencement of such Interest Period (the “US LIBOR
Screen Rate”) (or, (i) in the event such rate does not appear on a Reuters page or screen, 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 from time to time as selected by the Administrative Agent in its reasonable discretion or (ii) if more than one rate is specified on such pages, the rate will be an arithmetic average of all such rates); provided
that, to the extent that an interest rate is not ascertainable pursuant to the foregoing provisions of this definition, the “Eurocurrency Rate” for any Dollar denominated Loans shall be the Interpolated Rate; or 

(ii) in the case of Euro denominated Loans, the rate per annum equal to the rate determined by the Administrative Agent to be the offered rate
that appears on the appropriate page of the Reuters screen (or, in the event such rate does not appear on a Reuters page or screen, 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 from time to time as selected by the Administrative Agent in its reasonable discretion) that displays the Global Rate Set Systems Limited (or the successor interest rate benchmark provider if Global Rate
Set Systems Limited is no longer making the applicable interest settlement rate available) rate for deposits in Euros (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period (the “EURIBOR Screen
Rate”), determined as of approximately 11:00 a.m. (Brussels time) on the date on which quotations would ordinarily be given by prime banks in the euro interbank market for value on the first day of the related Interest Period for such
Eurocurrency Loan, but in any event not earlier than the second Business Day prior to the first day of the related Interest Period (but if more than one rate is specified on such page, the rate will be an arithmetic average of all such rates);
provided that, to the extent that an interest rate is not ascertainable pursuant to the foregoing provisions of this definition, the “Eurocurrency Rate” for Euro denominated Loans shall be the Interpolated Rate; or 

(iii) in the case of Pounds Sterling denominated Loans, the rate per annum equal to the rate determined by the Administrative Agent to be the
offered rate that appears on the appropriate page of the Reuters screen (or, in the event such rate does not appear on a Reuters page or screen, 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 from time to time as selected by the Administrative Agent in its reasonable discretion) that 

  
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displays the ICE Benchmark Administration Limited (or the successor interest rate benchmark provider if ICE Benchmark Administration Limited is no longer making the applicable interest settlement
rate available) rate for deposits in Pounds Sterling (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period (the “UK LIBOR Screen Rate”), determined as of approximately 11:00 a.m.
(London time) two Business Days prior to the first day of such Interest Period (but if more than one rate is specified on such page, the rate will be an arithmetic average of all such rates); provided that, to the extent that an interest rate
is not ascertainable pursuant to the foregoing provisions of this definition, the “Eurocurrency Rate” for any Pounds Sterling denominated Loans shall be the Interpolated Rate; or 

(iv) in the case of Canadian Dollar denominated Loans, the rate per annum equal to the Canadian Dealer Offered Rate, or a comparable or
successor rate, which rate is approved by the Administrative Agent and the Lead Borrower, on the applicable Reuters screen page (or such other commercially available source providing such quotations of the Canadian Dealer Offered Rate as designated
by the Administrative Agent from time to time) (such applicable rate being called the “CDOR Screen Rate” and together with the US LIBOR Screen Rate, the EURIBOR Screen Rate and the UK LIBOR Screen Rate, as applicable, the
“Screen Rate”))) at approximately 11:00 a.m., Toronto, Ontario time, two Business Days prior to the commencement of such Interest Period with a term equivalent to such Interest Period; provided that, to the extent that an
interest rate is not ascertainable pursuant to the foregoing provisions of this definition, the “Eurocurrency Rate” for any Canadian Dollar denominated Loans shall be the Interpolated Rate. 

“Event of Default” shall have the meaning assigned to such term in Section 7.01. 

“Excess Global Availability” shall mean, at any time of determination by the Administrative Agent thereof, the result, if a
positive number, of (a) the Global Line Cap, minus (b) the Global Exposure at such time; 
 “Exchange Act”
shall mean the Securities Exchange Act of 1934, as amended. “Excluded Accounts” shall have the meaning assigned to such term in Section 5.10(g). 

“Excluded Collateral” shall have the meaning assigned to such term in Section 5.10(g). 

“Excluded Swap Obligations” shall mean any obligation under any Swap Agreement if and to the extent that all or a portion of
the Guarantee pursuant to the U.S. Collateral Agreement, Schedule 9.26 (English Guarantee) of this Agreement or U.K. Security Agreement, as applicable of the relevant Loan Party, or the grant by the relevant Loan Party of a security interest
to secure such obligation is or becomes illegal or unlawful under the Commodity Exchange Act, or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of
the relevant Loan Party’s failure to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the relevant Guarantee pursuant to the U.S. Collateral Agreement,
Schedule 9.26 (English Guarantee) of this Agreement or U.K. Security Agreement, as applicable or security interest becomes effective. 

“Excluded Taxes” shall mean, with respect to the Administrative Agent, any Lender, any Issuing Bank or any other recipient of
any payment to be made by or on account of any Obligation of any Loan Party under any Loan Document, (a) any income Taxes imposed on (or measured by) its net income (however denominated or franchise Taxes imposed in lieu of net income Taxes) by
the jurisdiction (or any political subdivision thereof) under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable lending office is located or any other
jurisdiction (or any political subdivision thereof) as a result of such recipient engaging in a trade or business in such jurisdiction for Tax purposes, (b) any branch profits Tax or any similar Tax that is imposed by any jurisdiction described
in clause (a) above, (c) in the case of a Lender making a Loan, (x) except in the case of a Lender that is an assignee pursuant to a request by the Lead Borrower under Section 2.17, any U.S. federal withholding Tax that is in effect
and would apply to amounts payable hereunder to or for the account of such Lender at the time such Lender becomes a party to such Loan (or designates a new lending office) except to the extent that such Lender (or its assignor, if any) was entitled,
immediately before the designation of a new lending office (or assignment), to receive additional amounts from the applicable Loan Party with respect to any U.S. federal withholding Tax pursuant to Section 2.15(a) or Section 2.15(c) or
(y) any withholding Tax that is attributable to such Lender’s failure to comply with Section 2.15(e), Section 2.15(f) or 

  
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Section 2.15(g) with respect to such Loan, (d) any U.S. federal withholding Taxes imposed under FATCA, (e) in the case of a Lender making a Loan, United Kingdom income tax
deductible at source from interest payable to or for the account of such Lender with respect to an applicable participation in a Loan: (w) if, on the date on which the payment of interest falls due, the payment could have been made to the
relevant Lender without a deduction on account of United Kingdom income tax if the Lender had been a Qualifying Lender but on that date that Lender is not or has ceased to be a Qualifying Lender other than as a result of a Change in Tax Law
occurring after the date it became a Lender; or (x) the relevant Lender is a Qualifying Lender solely by virtue of paragraph (a)(ii) of the definition of Qualifying Lender and (A) an officer of HM Revenue & Customs has given (and
not revoked) a direction (a “Direction”) under section 931 of the ITA which relates to the payment and that Lender has received from the Loan Party making the payment a certified copy of that Direction and the payment could have
been made to the Lender without deduction or withholding for any Taxes if that Direction had not been made or (B) the relevant Lender has not given any Tax Confirmation and the payment could have been made to the Lender without deduction or
withholding for any Taxes if the Lender had given a Tax Confirmation, on the basis that the Tax Confirmation would have enabled the U.K. Borrower to have formed a reasonable belief that the payment was an “excepted payment” for the
purposes of Section 930 of the ITA; or (y) if the relevant Lender is a Treaty Lender and the payment could have been made to the Lender without deduction or withholding for any United Kingdom income tax had that Lender complied with its
relevant obligations under Section 2.15(e) and (g) (as applicable); or (z) (except in the case of a Lender that is an assignee pursuant to a request by the Lead Borrower under Section 2.17) if such Lender acquired such participation in the
Loan by way of an assignment, transfer or sub-participation, except to the extent that, pursuant to Section 2.15, as a result of circumstances existing at the date of the relevant assignment, transfer or sub-participation, amounts with respect to such United Kingdom income tax would have been payable to such Lender’s assignor had such assignment, transfer or change not occurred, (f) any Bank Levy, and
(g) any and all present or future stamp or documentary Taxes or any other excise, transfer, sales, property, intangible, mortgage recording, or similar Taxes arising in respect of any assignment, transfer or
sub-participation of any Loan Document or any Lender’s right or interest in any Loan Document (other than in respect of any assignment, transfer, sub-participation
or designation made pursuant to Section 2.17). 
 “Exit ABL” shall have the meaning assigned to such term in the
Recitals. 
 “Fair Market Value” shall mean, with respect to any asset or property, the price which could be negotiated in
an arms’-length transaction, for cash, between a willing seller and a willing and able buyer, neither of whom is under undue pressure or compulsion to complete the transaction. 

“FATCA” shall mean Sections 1471 through 1474 of the Code (including, for the avoidance of doubt, any agreements entered into
pursuant to Section 1471(b)(1) of the Code) as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official
interpretations thereof and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections of the Code. 

“FCPA” shall mean the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder. 

“Federal Funds Rate” shall mean, for any day, the rate per annum equal to the weighted average of the rates on overnight
Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided, that if such day
is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day; provided, that if the Federal Funds Rate shall be less
than zero, such rate shall be deemed to be zero for the purposes of this Agreement. 
 “Fees” shall mean the Commitment
Fees, the L/C Participation Fees and the Issuing Bank Fees. 
 “Final Maturity Date” shall mean the fifth (5th) anniversary of the Closing Date. 

  
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 “Financial Officer” of any Person shall mean the Chief Financial Officer,
principal accounting officer, Treasurer, Assistant Treasurer or Controller (or the equivalents in the relevant jurisdictions) of such Person. 

“Flood Insurance Laws” shall mean, collectively, (i) the National Flood Insurance Act of 1968 as now or hereafter in
effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (iii) the National Flood Insurance Reform Act of 1994 as now or hereafter in effect or
any successor statute thereto and (iv) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto. 

“Foreign Lender” shall mean any Lender that is not a “United States Person” as defined in Section 7701(a)(30)
of the Code. 
 “Foreign Person” shall mean any corporation, partnership, association or other business entity that is
incorporated or organized under the laws of any jurisdiction other than the United States, any state thereof or the District of Columbia. 

“Foreign Plan” shall mean any employee benefit plan maintained or contributed to by Holdings or any of its subsidiaries, or
with respect to which Holdings or any of its subsidiaries could reasonably be expected to incur liability, contingent or otherwise, primarily to provide pension benefits to employees employed outside the United States. 

“Foreign Pledge Agreement” shall mean a pledge agreement with respect to the Pledged Collateral that constitutes Equity
Interests of a Foreign Person directly owned by Holdings or any U.S. Borrower (subject to the limitations set forth in the definition of “Collateral and Guarantee Requirement” and in Section 5.10(g)), in form and substance reasonably
satisfactory to the Collateral Agent. 
 “Foreign Subsidiary” shall mean any Subsidiary that is incorporated or organized
under the laws of any jurisdiction other than the United States, any state thereof or the District of Columbia. 
 “Fronting
Exposure” shall mean, at any time there is a Defaulting Lender with respect to any Issuing Bank, such Defaulting Lender’s Pro Rata Percentage of Revolving L/C Exposure with respect to Letters of Credit issued by such Issuing Bank other
than such Revolving L/C Exposure as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or cash collateralized in accordance with the terms hereof. 

“GAAP” shall mean generally accepted accounting principles in effect from time to time in the United States, applied on a
consistent basis, subject to the provisions of Section 1.02; provided; that any reference to the application of GAAP in Sections 3.12(b), 3.17, 5.03, 5.07 and 6.02(e) to a Foreign Subsidiary (and not as a consolidated Subsidiary of the
Lead Borrower) shall mean generally accepted accounting principles in effect from time to time in the jurisdiction of organization of such Foreign Subsidiary. 

“Gibraltar Collateral” shall mean all the “Secured Assets” as defined in the Gibraltar Security Agreement and all
other property (whether real, personal or otherwise) with respect to which any security interests have been granted (or purported to be granted) by CGHL or will be granted in accordance with the requirements set forth in Section 5.10. For the
avoidance of doubt, in no event shall Gibraltar Collateral include Excluded Collateral. 
 “Gibraltar Security Agreement”
shall mean that certain Debenture, dated as of the Closing Date, by and between CGHL and the Collateral Agent. 
 “Gift Card
Liabilities” shall mean, at any time, the aggregate remaining balance at such time of outstanding gift certificates and gift cards of the Loan Parties entitling the holder thereof to use all or a portion of the certificate or gift card to
pay all or a portion of the purchase price for any Inventory 
 “Gift Card Liability Reserve” shall mean an amount up to
25% of the Gift Card Liabilities as reflected in the Loan Parties’ books and records, as determined by the Administrative Agent in its Permitted Discretion. 

  
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 “Global Exposure” shall mean the sum of the U.S. Exposure and the U.K.
Exposure. 
 “Global Line Cap” shall mean the lesser of (a) the Commitment and (b) the sum of (i) the U.S.
Borrowing Base plus (ii) the U.K. Borrowing Base. 
 “GOB Liquidation Sale Event” shall mean a sale of all or
substantially all Inventory of a Store conducted by a third-party liquidation firm where the sale price of the Inventory is expected to be set, on average, at less than 75% of the most recent average full list price. 

“Governmental Authority” shall mean any federal, state, local or foreign court or governmental agency, authority,
instrumentality or regulatory or legislative body. 
 “Guarantee” of or by any Person (the “guarantor”)
shall mean (a) any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary
obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other
obligation (whether arising by virtue of partnership arrangements, by agreement to keep well, to purchase assets, goods, securities or services, to take or pay or otherwise) or to purchase (or to advance or supply funds for the purchase of) any
security for the payment of such Indebtedness or other obligations, (ii) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (iii) to
maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, (iv) entered into for the purpose of
assuring in any other manner the holders of such Indebtedness or other obligation of the payment thereof or to protect such holders against loss in respect thereof (in whole or in part) or (v) as an account party in respect of any letter of
credit, bank guarantee or other letter of guaranty issued to support such Indebtedness or other obligation, or (b) any Lien on any assets of the guarantor securing any Indebtedness (or any existing right, contingent or otherwise, of the holder
of Indebtedness to be secured by such a Lien) of any other Person, whether or not such Indebtedness or other obligation is assumed by the guarantor; provided, however, the term “Guarantee” shall not include endorsements for
deposit or collection in the ordinary course of business or customary and reasonable indemnity obligations in effect on the Closing Date or entered into in connection with any acquisition or disposition of assets permitted by this Agreement (other
than such obligations with respect to Indebtedness). The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the Indebtedness in respect of which such Guarantee is made or, if not stated or
determinable, the maximum reasonably anticipated liability in respect thereof (assuming such Person is required to perform thereunder) as determined by such Person in good faith. 

“guarantor” shall have the meaning assigned to such term in the definition of the term “Guarantee.” 

“Hazardous Materials” shall mean (a) any petroleum or petroleum products, radioactive materials, asbestos in any form
that is or could become friable, urea formaldehyde foam insulation, polychlorinated biphenyls, and radon gas; (b) any chemicals, materials or substances defined as or included in the definition of “hazardous substances,”
“hazardous waste,” “hazardous materials,” “extremely hazardous substances,” “restricted hazardous waste,” “toxic substances,” “toxic pollutants,” “contaminants,” or
“pollutants,” or words of similar import, under any applicable Environmental Law; and (c) any other chemical, material or substance regulated under any Environmental Law. 

“Holdings” shall have the meaning assigned to such term in the introductory paragraph of this Agreement. 

“Holdings Intercompany Note” means the Promissory Note dated as of October 12, 2018 as amended, supplemented or
otherwise modified from time to time with the consent of the Required Lenders) issued by the Lead Borrower in favor of Holdings. 

“Holdings LLC Agreement” mean the Amended and Restated Limited Liability Company Agreement of Holdings dated as of
October 12, 2018 (as amended, supplemented or otherwise modified from time to time). 

  
 29 

 “Holdings Preferred Units” shall mean the “Series A Preferred
Units” of Holdings issued from time to time pursuant to (and as defined in) the Holdings LLC Agreement. 
 “HSBC”
means HSBC Holdings plc or its applicable affiliates. 
 “Immaterial Subsidiary” shall mean any Subsidiary that
(a) for purposes of Section 5.10 and the definition of “Collateral and Guarantee Requirement”, does not own, or license from a third party that is not a Loan Party, intellectual property that is used or useful in the business of
Holdings, the Lead Borrower or any other Subsidiary (other than an Immaterial Subsidiary), unless such licensed intellectual property is also licensed or owned by Holdings, the Lead Borrower or any other Subsidiary (other than an Immaterial
Subsidiary) and a default by such Subsidiary under the terms of such license (including as a result of its bankruptcy or insolvency) would not terminate such license or ownership as to Holdings, the Lead Borrower or such other Subsidiary,
(b) for purposes of Section 5.10 and the definition of “Collateral and Guarantee Requirement”, does not lease any property (including, but not limited to, real property) that is used or useful in the business of Holdings, the
Lead Borrower or any other Subsidiary (other than an Immaterial Subsidiary), (c) did not, as of the last day of the fiscal quarter of the Lead Borrower most recently ended, have assets with a value in excess of 2.5% of the Consolidated Total Assets
or revenues representing in excess of 2.5% of total revenues of the Lead Borrower and the Subsidiaries on a consolidated basis for the applicable Test Period, and (d) taken together with all Immaterial Subsidiaries as of the last day of the
fiscal quarter of the Lead Borrower most recently ended, did not have assets with a value in excess of 5.0% of Consolidated Total Assets or revenues representing in excess of 5.0% of total revenues of the Lead Borrower and the Subsidiaries on a
consolidated basis for the applicable Test Period. Each Immaterial Subsidiary as of the Closing Date shall be set forth in Schedule 1.01C. 

“Incremental Revolving Commitment” shall mean any commitment made by a Lender to provide all or any portion of any
Incremental Revolving Facility or Incremental Revolving Loans. 
 “Incremental Revolving Facility” shall have the meaning
assigned to such term in Section 2.23(a). “Incremental Revolving Facility Agreement” shall mean an amendment to this Agreement that is 

reasonably satisfactory to the Administrative Agent and the Lead Borrower executed by each of (a) Holdings and the Lead Borrower,
(b) the Administrative Agent and (c) each Lender that agrees to provide all or any portion of the Incremental Revolving Facility being incurred pursuant thereto and in accordance with Section 2.23. 

“Incremental Revolving Facility Lender” shall mean, with respect to any Incremental Revolving Facility, each Lender or
Additional Revolving Lender providing any portion of such Incremental Revolving Facility. 
 “Incremental Revolving Loans”
shall have the meaning assigned to such term in Section 2.23(a). 
 “Indebtedness” of any Person shall mean, without
duplication, (a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person under conditional sale or title
retention agreements relating to property or assets purchased by such Person, (d) all obligations of such Person issued or assumed as the deferred purchase price of property or services, to the extent the same would be required to be shown as a
long-term liability on a balance sheet prepared in accordance with GAAP, (e) all Capital Lease Obligations of such Person, (f) all net payments that such Person would have to make in the event of an early termination, on the date
Indebtedness of such Person is being determined, in respect of outstanding Swap Agreements, (g) the principal component of all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and bank
guarantees, (h) the principal component of all obligations of such Person in respect of bankers’ acceptances, (i) all Guarantees by such Person of Indebtedness described in clauses (a) to (h) above and (j) the amount of all
obligations of such Person with respect to the redemption, repayment or other repurchase of any Disqualified Stock (excluding accrued dividends that have not increased the liquidation preference of such Disqualified Stock); provided, that
Indebtedness shall not include (A) trade payables not overdue by more than 90 days, accrued expenses and intercompany liabilities arising in the ordinary course of business, (B) prepaid or deferred revenue arising in the ordinary course of
business, (C) purchase price holdbacks arising in the ordinary course of business in respect of a portion of the purchase prices of an asset to satisfy unperformed obligations of the seller of such asset,
(D) earn-out obligations until such obligations become a liability on the balance sheet of such Person in accordance with GAAP or (E) Holdings Preferred Units; provided that for the avoidance
of doubt, obligations under the Contingent Value Rights Agreement shall not constitute “Indebtedness.” The Indebtedness of any Person shall include the Indebtedness of any partnership in which such Person is a general partner, other than
to the extent that the instrument or agreement evidencing such Indebtedness expressly limits the liability of such Person in respect thereof. 

  
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 “Indemnified Taxes” shall mean all Taxes, other than Excluded Taxes and
Other Taxes, imposed on or with respect to any payment made by or on account of any obligation of any Loan Party under any Loan Document. 

“Indemnitee” shall have the meaning assigned to such term in Section 9.05(b). 

“Ineligible Institution” shall mean the Persons identified in writing to the Administrative Agent by the Lead Borrower on or
prior to January 16, 2019, and as may be identified in writing to the Administrative Agent by the Lead Borrower from time to time thereafter in order to update such list with bona fide competitors of the Lead Borrower and its Subsidiaries, with
the written consent of the Administrative Agent, by delivery of a notice thereof to the Administrative Agent setting forth such Person or Persons (or the Person or Persons previously identified to the Administrative Agent that are to be no longer
considered “Ineligible Institutions”). 
 “Initial Lenders” shall mean each Lender with a Commitment on the
Closing Date. 
 “Initial Revolving Loans” shall mean Initial U.K. Loans and Initial U.S. Loans. “Initial U.K.
Loans” shall mean any loan made pursuant to Section 2.01(ii). “Initial U.S. Loans” shall mean any loan made pursuant to Section 2.01(i). 

“Intercompany Note” means a promissory note substantially in the form of Exhibit J. 

“Intercreditor Agreement” shall mean the Intercreditor Agreement dated as of October 12, 2018, among the Collateral
Agent, the Term Loan Agent, Holdings, the Borrowers and the other Loan Parties from time to time party thereto, as amended, restated, supplemented or otherwise modified from time to time in accordance with the terms hereof and thereof, including
pursuant to the document described in Section 4.01(e)(ii). 
 “Interest Election Request” shall mean a request by the
Applicable Administrative Borrower to convert or continue a Borrowing in accordance with Section 2.06. 
 “Interest
Expense” shall mean, with respect to any Person for any period, the sum of (a) gross interest expense of such Person for such period on a consolidated basis, including (i) the amortization of debt discounts, (ii) the
amortization of all fees (including fees with respect to Swap Agreements) payable in connection with the incurrence of Indebtedness to the extent included in interest expense and (iii) the portion of any payments or accruals with respect to
Capital Lease Obligations allocable to interest expense and (b) capitalized interest of such Person. For purposes of the foregoing, gross interest expense shall be determined after giving effect to any net payments made or received and costs
incurred by the Borrowers and the Subsidiaries with respect to Swap Agreements, and interest on a Capital Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by the Lead Borrower to be the rate of interest implicit
in such Capital Lease Obligation in accordance with GAAP. For the avoidance of doubt, under no circumstances will obligations under or in respect of the Holdings Intercompany Note constitute “Interest Expense” for any purpose hereunder.

 “Interest Payment Date” shall mean, (a) with respect to any Eurocurrency Loan, the last day of the Interest Period
applicable to the Borrowing of which such Loan is a part and, in the case of a Eurocurrency Borrowing with an Interest Period of more than three months’ duration, each day that would have been an Interest Payment Date had successive Interest
Periods of three months’ duration been applicable to such Borrowing and, in addition, the date of any refinancing or conversion of such Borrowing with or to a Borrowing of a different Type and (b) with respect to any ABR Loan, the last
Business Day of each March, June, September and December and the Maturity Date. 

  
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 “Interest Period” shall mean, (a) as to any Eurocurrency Borrowing
(other than a Eurocurrency Borrowing denominated in Euros), the period commencing on the date of such Borrowing or on the last day of the immediately preceding Interest Period applicable to such Borrowing, as applicable, and ending on the
numerically corresponding day (or, if there is no numerically corresponding day, on the last day) in the calendar month that is 1, 2, 3 or 6 months thereafter (or 12 months, if at the time of the relevant Borrowing, all Lenders make interest periods
of such length available), as the Applicable Administrative Borrower may elect, or the date any Eurocurrency Borrowing is converted to an ABR Borrowing in accordance with Section 2.06 or repaid or prepaid in accordance with Section 2.08 or
2.09 and (b) as to any Eurocurrency Borrowing denominated in Euros, the period commencing on the date of such Borrowing or on the last day of the immediately preceding Interest Period applicable to such Borrowing, as applicable, and ending on
the numerically corresponding day (or, if there is no numerically corresponding day, on the last day) in the calendar month that is 1, 3 or 6 months thereafter (or 12 months, if at the time of the relevant Borrowing, all Lenders make interest
periods of such length available), as the Applicable Administrative Borrower may elect, or the date any Eurocurrency Borrowing is converted to an ABR Borrowing in accordance with Section 2.06 or repaid or prepaid in accordance with
Section 2.08 or 2.09; provided, however, that if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day
would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day. Interest shall accrue from and including the first day of an Interest Period to but excluding the last day of such Interest
Period. 
 “Interpolated Rate” means, at any time, (a) with respect to any Eurocurrency Loan (other than a
Eurocurrency Loan denominated in Canadian Dollars), the rate per annum reasonably determined by the Administrative Agent (which determination, as to any Lender, shall be conclusive and binding absent manifest error) to be equal to the rate that
results from interpolating on a linear basis between: (i) the Screen Rate for the longest period (for which the Screen Rate for the applicable currency is available) that is shorter than the Interest Period and (ii) the Screen Rate for the
shortest period (for which the Screen Rate for the applicable currency is available) that exceeds the Interest Period, in each case, with respect to Dollar denominated Loans as of approximately 11:00 a.m. (London time) two Business Days prior to the
commencement of such Interest Period, with respect to Euro denominated Loans as of approximately 11:00 a.m. (Brussels time) two Business Days prior to the commencement of such Interest Period or with respect to Pound Sterling denominated Loans
as of approximately 11:00 a.m. (London time) on the first day of such Interest Period and (b) with respect to any Eurocurrency Loan denominated in Canadian Dollars, the rate per annum which results from interpolating on a linear basis between
(i) the applicable CDOR Screen Rate for the longest maturity for which a CDOR Screen Rate is available that is shorter than such Interest Period and (ii) the applicable CDOR Screen Rate for the shortest maturity for which a CDOR Screen
Rate is available that is longer than such Interest Period, in each case at approximately 11:00 a.m., Toronto, Ontario time, two Business Days prior to the commencement of such Interest Period. 

“Inventory” shall mean all of the “inventory” (as such term is defined in the Uniform Commercial Code) of the
Borrowers, including, but not limited to, all merchandise, raw materials, parts, supplies, work in process and finished goods intended for sale, together with all the containers, packing, packaging, shipping and similar materials related thereto,
and including such inventory as is temporarily out of a Borrowers custody or possession, including inventory on the premises of others and items in transit. 

“Investment” shall have the meaning assigned to such term in Section 6.04. 

“Investment Account” shall have the meaning assigned to such term in the Uniform Commercial Code. 

“Issuing Bank” shall mean Citi (other than with respect to Trade Letters of Credit), and each other Issuing Bank designated
pursuant to Section 2.04(k), in each case in its capacity as an issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.04(i). An Issuing Bank may, in its discretion, arrange for one or more
Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate. 

“Issuing Bank Fees” shall have the meaning assigned to such term in Section 2.10(b). 

“ITA” shall mean the United Kingdom Income Tax Act 2007. 

“Junior Financing” shall have the meaning assigned to such term in Section 6.09(b). 

  
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 “L/C Disbursement” shall mean a payment or disbursement made by an Issuing
Bank pursuant to a Letter of Credit. 
 “L/C Participation Fee” shall have the meaning assigned to such term in
Section 2.10(b). 
 “Lead Borrower” shall have the meaning assigned to such term in the introductory paragraph of this
Agreement. 
 “Lease Reserve” shall mean a reserve, in an amount established by the Administrative Agent in its Permitted
Discretion, in respect of Inventory held at any leased Store locations intended to be closed pursuant to a GOB Liquidation Sale Event with respect to which the lease therefor is or is intended to be terminated by the applicable Loan Party. 

“Lender” shall mean each Swingline Lender and each financial institution listed on Schedule 2.01 (other than any such
Person that has ceased to be a party hereto pursuant to an Assignment and Acceptance in accordance with Section 9.04), as well as any Person that becomes a “Lender” hereunder pursuant to Section 9.04. 

“Lender Presentation” shall mean the presentation materials distributed to prospective Lenders on January 7, 2019. 

“lending office” shall mean, as to any Lender, the applicable branch, office or Affiliate of such Lender designated by such
Lender to make Loans. 
 “Letter of Credit” shall mean any letter of credit issued pursuant to Section 2.04, including
any Alternate Currency Letter of Credit. 
 “Letter of Credit Commitment” shall mean, with respect to each Issuing Bank,
the commitment of such Issuing Bank to issue Letters of Credit pursuant to Section 2.04. 
 “Letter of
Credit Request” shall mean a request by the Lead Borrower substantially in the form of Exhibit C-2. 

“Letter of Credit Sublimit” shall mean the aggregate Letter of Credit Commitments of the Issuing Banks, in an amount not to
exceed $35 million (or the equivalent thereof in an Alternate Currency). 
 “Lien” shall mean, with respect to any
asset, (a) any mortgage, deed of trust, lien, hypothecation, pledge, charge, security interest or similar encumbrance in or on such asset and (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or
title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset; provided that in no event shall an operating lease or an agreement to sell be deemed to
constitute a Lien. 
 “Loan Document Obligations” shall mean (a) the due and punctual payment by the Borrowers of
(i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made
to the Borrowers, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by a Loan Party in respect of any Letter of Credit, when and as due,
including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in
such proceeding) and obligations to provide cash collateral and (iii) all other monetary obligations of any Loan Party to any of the Secured Parties under this Agreement and each of the other Loan Documents, including obligations to pay fees,
expense and reimbursement obligations (including attorneys’ fees and expenses) and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of
any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), (b) the due and punctual performance of all other obligations of the Loan Parties under or pursuant to this
Agreement and each 

  
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of the other Loan Documents and (c) the due and punctual payment and performance of all the obligations of each other Loan Party under or pursuant to this Agreement and each of the other
Loan Documents; provided that, in each case, (x) no U.K. Borrower shall be liable for any of the U.S. Loans or other Obligations of Holdings and/or the U.S. Borrowers and (y) all Loan Parties shall be jointly and severally liable
for the U.K. Loans and the other Obligations of the U.K. Borrowers. 
 “Loan Documents” shall mean this Agreement, the
Intercreditor Agreement, the Letters of Credit, the Security Documents, the U.K. Security Trust Deed, any Note issued under Section 2.08(e) and the Administrative Agent Fee Letter. 

“Loan Parties” shall mean Holdings, the U.K. Borrowers and the U.S. Borrowers, collectively. 

“Loans” shall mean a Swingline Loan or a revolving credit loan extended by a Lender pursuant to Article II. 

“Local Time” shall mean prevailing New York City time. 

“Margin Stock” shall have the meaning assigned to such term in Regulation U. 

“Material Adverse Effect” shall mean a material adverse effect on the business, property, operations or condition of the Lead
Borrower and the Subsidiaries, taken as a whole, or the validity or enforceability of any of the material Loan Documents or the rights and remedies of the Administrative Agent, the Collateral Agent and the Lenders thereunder. 

“Material Indebtedness” shall mean any Indebtedness or Guarantee (other than Indebtedness under the Loan Documents) of
Holdings, the Borrowers or any Subsidiary in an aggregate principal amount exceeding the Threshold Amount, including (i) Indebtedness incurred pursuant to the Term Loan Credit Agreement and the other Term Loan Documents and
(ii) Indebtedness constituting Permitted Term Priority Indebtedness. 
 “Maturity Date” shall mean the earlier of
(a) the date on which the outstanding Obligations become due and payable in accordance with the terms of this Agreement and (b) the Final Maturity Date. 

“Maximum Rate” shall have the meaning assigned to such term in Section 9.09. 

“MIP” shall mean the management incentive plan (or similar term) implemented in connection with the Emergence Transactions.

 “MLI” shall mean the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit
Shifting of 24 November 2016. 
 “MLI Disclosure Condition” shall mean the freely accessible publication of the
relevant MLI Reservation or MLI Notification on the OECD website (to the extent that such MLI Reservation or MLI Notification has not been withdrawn or superseded and taking into account any applicable amendments) no later than 10 (ten) Business
Days prior to the date of this Agreement where the relevant Lender is a Lender on the day on which this Agreement is entered into, or no later than 10 (ten) Business Days prior to the date on which the relevant Lender became a Lender pursuant to
this Agreement where the relevant Lender is not a Lender on the day on which this Agreement is entered into. 
 “MLI Lender
Jurisdiction” shall mean the jurisdiction in which the relevant Lender is treated as resident for the purposes of the Relevant Covered Tax Agreement. 

“MLI Loan Party Jurisdiction” shall mean the jurisdiction in which the relevant Loan Party is treated as resident for the
purposes of the Relevant Covered Tax Agreement. 
 “MLI Notification” shall mean a notification validly made pursuant to
and in accordance with Article 29 of the MLI. 

  
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 “MLI Reservation” shall mean a reservation validly made pursuant to and in
accordance with Article 28 of the MLI. 
 “Moody’s” shall mean Moody’s Investors Service, Inc. 

“Mortgaged Properties” shall mean each Real Property encumbered by a Mortgage pursuant to Section 5.10. 

“Mortgages” shall mean, collectively, the mortgages, trust deeds, deeds of trust, deeds to secure debt, assignments of leases
and rents, and other security documents delivered with respect to Mortgaged Properties, each in form reasonably satisfactory to the Administrative Agent (acting at the written direction of Required Lenders), as amended, restated, supplemented or
otherwise modified from time to time. 
 “Multiemployer Plan” shall mean a multiemployer plan as defined in
Section 4001(a)(3) of ERISA to which Holdings or any Subsidiary or any ERISA Affiliate (other than one considered an ERISA Affiliate only pursuant to subsection (m) or (o) of Code Section 414) is making or accruing an obligation to
make contributions, or has within any of the preceding six plan years made or accrued an obligation to make contributions. 
 “Net
Income” shall mean, with respect to any Person, the net income (loss) of such Person, determined in accordance with GAAP and before any reduction in respect of preferred stock dividends. 

“Net Orderly Liquidation Value” shall mean, with respect to any Inventory, the net appraised orderly liquidation value
(expressed as a percentage) of such Inventory (net of liquidation expenses, costs of sale, operating expenses and retrieval and related costs), as determined by reference to the appraisal of the Inventory prepared by Hilco Valuation Services, dated
May, 2018; it being understood and agreed for the avoidance of doubt that until the Administrative Agent has received the Initial U.K. Appraisal and the Initial U.K. Field Exam, the Net Orderly Liquidation Value of Eligible Inventory of the U.K.
Borrowers shall be determined using the same methodology as is applied to determine the Net Orderly Liquidation Value of Eligible Inventory of the U.S. Borrowers. 

“Non-Consenting Lender” shall have the meaning assigned to such term in
Section 2.17(c). 
 “Note” shall have the meaning assigned to such term in Section 2.08(f). 

“Obligations” shall mean (a) the Loan Document Obligations, (b) the due and punctual payment and performance of all
obligations of each Loan Party under each Swap Agreement (other than Excluded Swap Obligations) that (i) is in effect on the Closing Date with a counterparty that is an Agent, a Lender or an Affiliate of an Agent or a Lender as of the Closing
Date or (ii) is entered into after the Closing Date with any counterparty that is an Agent, a Lender or an Affiliate of an Agent or a Lender at the time such Swap Agreement is entered into and (c) the due and punctual payment and
performance of all obligations of the Loan Parties and any of their Subsidiaries (including without limitation in respect of overdrafts and related liabilities) owed to a Lender, an Agent or any of their Affiliates (or any other Person designated by
the Lead Borrower as a provider of cash management services and entitled to the benefit of this Agreement) and arising from cash management services (including treasury, depository, overdraft, credit or debit card, electronic funds transfer, ACH
services and other cash management arrangements); provided that, in each case, (x) no U.K. Borrower shall be liable for any of the U.S. Loans or other Obligations of Holdings or the U.S. Borrowers and (y) all Loan Parties shall be
jointly and severally liable for the U.K. Loans and the other Obligations of the U.K. Borrowers. 
 “OFAC” shall have the
meaning assigned to such term in the definition of “Embargoed Person”. 
 “Other Taxes” shall mean, other than
Excluded Taxes (including clause (g) of the definition of the term Excluded Taxes), any and all present or future stamp or documentary Taxes or any other excise, transfer, sales, property, intangible, mortgage recording, or similar Taxes
arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, the Loan Documents, and any and all interest, penalties and additions related thereto. 

  
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 “Parent Entity” shall mean any direct or indirect parent of Holdings.
“Participant” shall have the meaning assigned to such term in Section 9.04(d). 
 “Participating Member
State” shall mean any member state of the European Union that has the euro as its lawful currency in accordance with legislation of the European Union relating to Economic and Monetary Union. 

“Payment Conditions” shall mean at the time of determination: 

(a) no Event of Default exists or would arise as a result of the making of the applicable Specified Payment, 

(b) there is Excess Global Availability, after giving pro forma effect to such Specified Payment, as of the date of such Specified Payment and
for each day during the thirty (30) calendar days immediately prior to such Specified Payment, in excess of, calculated on a Pro Forma Basis giving effect to any Loan or Letter of Credit borrowed or issued, as applicable, in the relevant
transaction, and any Borrowing Base asset to be acquired therein, (i) if the Consolidated Fixed Charge Coverage Ratio as of the end of the most recently ended Test Period (regardless of whether a Covenant Trigger Period is continuing) is
greater than or equal to 1.0 to 1.0, the greater of (x) 10.0% of the Global Line Cap and (y) $7,500,000 or (ii) otherwise, the greater of (x) 15.0% of the Global Line Cap and $11,250,000, and 

(c) with respect to any Specified Payment in excess of $10,000,000, the Lead Borrower shall have delivered to the Administrative Agent an
officer’s certificate executed by a Responsible Officer of the Lead Borrower, certifying to the best of such officer’s knowledge, compliance with the requirements of preceding clauses (a) through (b), inclusive, and demonstrating (in
reasonable detail) the calculations (if any) required thereby; provided that this clause (c) shall not apply to transactions between any of the Borrowers and/or any of the Subsidiaries. 

“PBGC” shall mean the Pension Benefit Guaranty Corporation referred to and defined in ERISA. 

“Pension Act” shall mean the Pension Protection Act of 2006, as amended. 

“Perfection Certificate” shall have the meaning assigned to such term in the U.S. Collateral Agreement. 

“Permitted Business Acquisition” shall mean any acquisition of all or substantially all the assets of, or all or a majority
of the Equity Interests (other than directors’ qualifying shares) in, or merger, consolidation or amalgamation with, a Person or division or line of business of a Person (or any subsequent investment made in a Person, division or line of
business previously acquired in a Permitted Business Acquisition), if immediately after giving effect thereto: (i) no Event of Default shall have occurred and be continuing at the time of execution of the relevant definitive acquisition
documentation; (ii) any acquired or newly formed Subsidiary shall not be liable for any Indebtedness except for Indebtedness permitted by Section 6.01; (iii) any Person acquired in such acquisition, shall execute and deliver all of the
documentation as and to the extent (and within the time periods) required by Section 5.10 and the definition of “Collateral and Guarantee Requirement”; (iv) the aggregate amount of such acquisitions and investments in assets that are
not owned by Loan Parties or in Equity Interests in Persons that are not Loan Parties or Persons that do not become Loan Parties upon consummation of such acquisition shall not exceed the greater of $45 million and 20% of EBITDA for the most
recently ended Test Period; and (v) the Payment Conditions shall be satisfied on a Pro Forma Basis at the time of execution of the relevant definitive acquisition documentation. 

“Permitted Discretion” shall mean the reasonable (from the perspective of a secured asset-based lender) credit judgment
exercised in good faith in accordance with customary business practices of the Administrative Agent for comparable asset-based lending transactions. 

“Permitted Holder” shall mean each Person that owns, directly or indirectly through one or more holding companies, not less
than 10% of the voting Equity Interests of Holdings on the Closing Date, and any Affiliate of such Person. 

  
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 “Permitted Investments” shall mean: 

(a) direct obligations of the United States or any member of the European Union or any agency thereof or obligations guaranteed by the United
States or any member of the European Union or any agency thereof, in each case with maturities not exceeding two (2) years; 
 (b) time
deposits, certificates of deposit and money market deposits maturing within 180 days of the date of acquisition thereof issued by a bank or trust company that is organized under the laws of the United States or England and Wales, any state thereof
or any foreign country recognized by the United States having capital, surplus and undivided profits in excess of $250.0 million and whose long term debt, or whose parent holding company’s long term debt, is rated at least A- by S&P or A-1 by Moody’s; 
 (c) repurchase obligations
with a term of not more than 180 days for underlying securities of the types described in clause (a) above entered into with a bank meeting the qualifications described in clause (b) above; 

(d) commercial paper, maturing not more than one year after the date of acquisition, issued by a corporation (other than an Affiliate of the
Lead Borrower) organized and in existence under the laws of the United States, England and Wales or any foreign country recognized by the United States with a rating at the time as of which any investment therein is made of P 1 (or higher) according
to Moody’s, or A 1 (or higher) according to S&P; 
 (e) securities with maturities of two (2) years or less from the date of
acquisition issued or fully guaranteed by any State, commonwealth or territory of the United States or England and Wales, or by any political subdivision or taxing authority thereof, and rated at least A by S&P or A by Moody’s; 

(f) shares of mutual funds whose investment guidelines restrict 95% of such funds’ investments to those satisfying the provisions of
clauses (a) through (e) above; 
 (g) money market funds that (i) comply with the criteria set forth in Rule 2a 7 under the
Investment Company Act of 1940, (ii) are rated AAA by S&P and Aaa by Moody’s and (iii) have portfolio assets of at least $5 billion; 

(h) time deposit accounts, certificates of deposit and money market deposits in an aggregate face amount not in excess of 0.5% of the total
assets of the Lead Borrower and its Wholly Owned Subsidiaries, on a consolidated basis, as of the end of the Lead Borrower’s most recently completed fiscal year; and 

(i) instruments equivalent to those referred to in clauses (a) through (h) above denominated in any foreign currency comparable in credit
quality and tenor to those referred to above and commonly used by corporations for cash management purposes in any jurisdiction outside the United States or England and Wales to the extent reasonably required in connection with any business
conducted by any Subsidiary organized in such jurisdiction. 
 “Permitted Liens” shall have the meaning assigned to such
term in Section 6.02. 
 “Permitted Refinancing Indebtedness” shall mean any Indebtedness issued in exchange for, or
the net proceeds of which are used to extend, refinance, renew, replace, defease or refund (collectively, “Refinance”), the Indebtedness being Refinanced (or previous refinancings thereof constituting Permitted Refinancing
Indebtedness); provided, that: (a) the principal amount (or accreted value, if applicable) of such Permitted Refinancing Indebtedness is not greater than the principal amount (or accreted value, if applicable) of the Indebtedness so
Refinanced (plus unpaid accrued interest and premium (including tender premiums) thereon and underwriting discounts, defeasance costs, fees, commissions and expenses incurred in connection therewith), including any unused commitments therefor that
are able to be drawn at such time, (b) except with respect to Section 6.01(h), such Permitted Refinancing Indebtedness has a weighted average life to maturity at the time such Indebtedness is

  
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incurred that is not less than the remaining weighted average life to maturity of the Indebtedness being Refinanced; (c) such Permitted Refinancing Indebtedness has a stated final maturity
that is not earlier than the earlier of (i) the final stated maturity of the Indebtedness being Refinanced or (ii) 91 days following the Final Maturity Date; (d) to the extent such Permitted Refinancing Indebtedness is used to Refinance
Indebtedness junior in right of payment to the Loans or the Guarantee of a Loan Party, as applicable, such Permitted Refinancing Indebtedness is subordinated in right of payment to the Loans or such Guarantee, as applicable, on terms not materially
less favorable to the Lenders than the subordination terms applicable to the Indebtedness being Refinanced; (e) such Permitted Refinancing Indebtedness shall not include Indebtedness that Refinances Indebtedness of an Unrestricted Subsidiary;
(f) to the extent such Permitted Refinancing Indebtedness is used to Refinance Indebtedness that is secured by Liens that are subordinated to the Liens securing the Obligations, such Permitted Refinancing Indebtedness is (i) unsecured or
(ii) secured by Liens that are subordinated to the Liens that secure the Obligations on terms that are, taken as a whole, not materially less favorable to the Lenders than the Lien subordination terms applicable to the Indebtedness being
Refinanced; (g) to the extent such Permitted Refinancing Indebtedness is used to Refinance Indebtedness that is secured by Liens that are pari passu with the Liens securing the Obligations, such Permitted Refinancing Indebtedness is
(i) unsecured or (ii) secured by Liens that are pari passu or subordinated to the Liens that secure the Obligations on terms that are, taken as a whole, not materially less favorable to the Lenders than the Collateral sharing
provisions applicable to the Indebtedness being Refinanced; and (h) such Permitted Refinancing Indebtedness shall not be secured by any assets or property of the Borrowers or any Subsidiary that does not secure the Indebtedness being
Refinanced. 
 “Permitted Sale and Lease Back Transaction” shall mean any equipment financing arrangement entered into in
the ordinary course of business with any Person whereby Holdings, the Borrowers or any of the Subsidiaries shall purchase and subsequently sell or transfer any personal property, used or useful in its business, whether now owned or hereafter
acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property being sold or transferred, in each case, whether or not treated as a
“sale-leaseback” under GAAP. 
 “Permitted Tax Receivable Financing” shall have the meaning assigned to such term
in Section 6.01(o). 
 “Permitted Term Priority Acceptable Intercreditor Agreement” shall mean any intercreditor
agreement executed in connection with the issuance of Permitted Term Priority Indebtedness, among the Term Loan Agent, the Loan Parties and one or more Senior Representatives, providing that, inter alia, (x) the Liens on Collateral constituting
Fixed Asset Collateral (as defined in the Intercreditor Agreement) in favor of such Senior Representative may be senior to the Liens on Collateral constituting Fixed Asset Collateral in favor of the Collateral Agent and (y) the Liens on
Collateral constituting ABL Collateral (as defined in the Intercreditor Agreement) in favor of such Senior Representative shall be junior to the Liens on Collateral constituting ABL Collateral in favor of the Collateral Agent; provided, however,
that Permitted Term Priority Indebtedness shall have the same priority of payments as the Loans. 
 “Permitted Term Priority
Indebtedness” shall mean Indebtedness of any U.S. Borrower that complies with the Permitted Term Priority Indebtedness Applicable Requirements. 

“Permitted Term Priority Indebtedness Applicable Requirements” shall mean, in respect of any Indebtedness, that such
Indebtedness satisfies the following requirements: 
 (a) such Indebtedness is in the form of one or more tranches, issues or series of notes
or term loans; 
 (b) such Indebtedness will have a final maturity date no earlier than three (3) years from its date of incurrence;

 (c) such Indebtedness shall not be issued, borrowed or incurred by any Person other than the Lead Borrower or other U.S. Borrower and
shall not be guaranteed by any Person other than Holdings or any U.S. Borrower; 

  
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 (d) such Indebtedness shall not be secured by any property or assets other than the U.S.

 Collateral; 
 (e) the
security agreements relating to such Indebtedness shall be substantially the same as the U.S. Security Documents (with such differences as are necessary to reflect the differing lien priorities and as otherwise reasonably satisfactory to the
Administrative Agent); 
 (f) a Senior Representative acting on behalf of the holders of such Indebtedness shall have become party to a
Permitted Term Priority Acceptable Intercreditor Agreement and the Intercreditor Agreement; and 
 (g) to the extent not set forth in clauses
(a) through (f) above, the other terms and conditions of such Indebtedness and the Permitted Term Priority Indebtedness Documents, if not consistent with the terms of the Term Loan Credit Agreement as in effect on the Closing Date, shall not be
materially more restrictive, taken as a whole, to the Borrowers than the terms of the Term Loan Credit Agreement as in effect on the Closing Date unless (i) the Initial Loans (as defined in the Term Loan Credit Agreement) also receive the
benefit of such more restrictive terms or (ii) any such more restrictive terms apply only after the Maturity Date (as defined in the Term Loan Credit Agreement). 

“Permitted Term Priority Indebtedness Documents” each agreement, document or instrument relating to the incurrence of
Permitted Term Priority Indebtedness, in each case as the same may be amended, amended and restated, modified, supplemented, extended or renewed from time to time in accordance with the terms hereof, thereof, and the applicable Permitted Term
Priority Acceptable Intercreditor Agreement. 
 “Person” shall mean any natural Person, corporation, business trust, joint
venture, association, company, partnership, limited liability company or government, individual or family trusts, or any agency or political subdivision thereof. 

“Plan” shall mean any employee pension benefit plan (other than a Multiemployer Plan) that is, (i) subject to the
provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and (ii) sponsored or maintained (at the time of determination or at any time within the five (5) years prior thereto) by Holdings, its
Subsidiaries or any ERISA Affiliate, and (iii) in respect of which Holdings, its Subsidiaries or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as
defined in Section 3(5) of ERISA. 
 “Plan of Reorganization” shall have the meaning assigned to such term in the
Recitals. 
 “Platform” shall have the meaning assigned to such term in Section 9.17(a). 

“Pledged Collateral” shall have the meaning assigned to such term in the U.S. Collateral Agreement. 

“Pounds Sterling” or “£” shall men the lawful currency of the United Kingdom. 

“Preferred Stock” shall mean any Equity Interest with preferential right of payment of dividends or upon liquidation,
dissolution or winding up. 
 “primary obligor” shall have the meaning given such term in the definition of the term
“Guarantee.” 
 “Prime Rate” shall mean the rate of interest announced publically by Citibank, N.A. in New York,
from time to time, as Citibank, N.A.’s prime rate. 
 “Pro Forma Basis” shall mean, as to any Person, for any events
as described below that occur subsequent to the commencement of a period for which the financial effect of such events is being calculated, and giving effect to the events for which such calculation is being made, such calculation as will give pro
forma effect to such events as if such events occurred on the first day of the four consecutive fiscal quarter period ended on or before the 

  
 39 

 
occurrence of such event (the “Reference Period”): (i) in making any determination of EBITDA and with respect to the calculation of any financial ratio, basket or covenant under
this Agreement, including the Payment Conditions and the Consolidated Fixed Charge Coverage Ratio, effect shall be given to (A) any Asset Sale, any acquisition, Investment, disposition, merger, amalgamation, consolidation (or any similar
transaction or transactions not otherwise permitted under Section 6.04 or 6.05 that require a waiver or consent of the Required Lenders and such waiver or consent has been obtained), any dividend, distribution or other similar payment, any
designation of any Subsidiary as an Unrestricted Subsidiary and any Subsidiary Redesignation, and (B) any restructurings of the business (including in connection with acquisitions) of Holdings or any of the Subsidiaries that Holdings or any of
the Subsidiaries has determined to make and/or made and are expected to have a continuing impact and are factually supportable, which would include cost savings resulting from head count reduction, closure of facilities and similar operational and
other cost savings and synergies, which adjustments the Lead Borrower determines are reasonable and reasonably identifiable as set forth in a certificate of a Financial Officer of the Lead Borrower (this clause (B), “Pro Forma Cost
Savings”) (clauses (A) and (B), together with any transactions related thereto or in connection therewith, the “relevant transactions”), in each case that occurred during the Reference Period (or (x) in the case of Pro
Forma Cost Savings determined to be made, will occur within twelve months after the date of such certificate or (y) in the case of determinations made pursuant to the definition of the term “Permitted Business Acquisition” or pursuant
to any other calculation of the Consolidated Fixed Charge Coverage Ratio or Payment Conditions, occurring during the Reference Period or thereafter and through and including the date upon which the respective Permitted Business Acquisition or
incurrence of Indebtedness or Liens or other relevant transaction is consummated), (ii) in making any determination on a Pro Forma Basis, (x) all Indebtedness (including Indebtedness issued, incurred or assumed as a result of, or to finance,
any relevant transactions and for which the financial effect is being calculated, whether incurred under this Agreement or otherwise, but excluding normal fluctuations in revolving Indebtedness incurred for working capital purposes not to finance
any acquisition) issued, incurred, assumed or permanently repaid during the Reference Period (or, in the case of determinations made pursuant to the definition of the term “Permitted Business Acquisition” or any other calculation of the
Consolidated Fixed Charge Coverage Ratio and Payment Conditions, occurring during the Reference Period or thereafter and through and including the date upon which the respective Permitted Business Acquisition or incurrence of Indebtedness or Liens
or other relevant transaction is consummated) shall be deemed to have been issued, incurred, assumed or permanently repaid at the beginning of such period, (y) Interest Expense of such Person attributable to interest on any Indebtedness, for
which pro forma effect is being given as provided in preceding clause (x), bearing floating interest rates shall be computed on a pro forma basis as if the rates that would have been in effect during the period for which pro forma effect is being
given had been actually in effect during such periods and (z) the aggregate amount of Pro Forma Cost Savings adjustments to EBITDA shall not exceed 10% of EBITDA prior to giving effect to any Pro Forma Cost Savings adjustments for any Test
Period and (iii) (A) any Subsidiary Redesignation then being designated, effect shall be given to such Subsidiary Redesignation and all other Subsidiary Redesignations after the first day of the relevant Reference Period and on or prior to the
date of the respective Subsidiary Redesignation then being designated, collectively, and (B) any designation of a Subsidiary as an Unrestricted Subsidiary, effect shall be given to such designation and all other designations of Subsidiaries as
Unrestricted Subsidiaries after the first day of the relevant Reference Period and on or prior to the date of the then applicable designation of a Subsidiary as an Unrestricted Subsidiary, collectively. 

For purposes of this definition, any amount in a currency other than Dollars will be converted to Dollars based on the average exchange rate
for such currency for the most recent twelve month period immediately prior to the date of determination in a manner consistent with that used in calculating EBITDA for the applicable period. 

“Pro Forma Cost Savings” shall have the meaning assigned to such term in the definition of “Pro Forma Basis”. 

“Pro Rata Percentage” of any Lender shall mean the percentage of the Commitments as then in effect represented by such
Lender’s Commitment. If the Commitment has terminated or expired, the Pro Rata Percentage of such Lender shall be determined based upon the Commitment most recently in effect, giving effect to any assignments pursuant to Section 9.04. 

“Protective Advance” shall have the meaning assigned to such term in Section 2.21. 

  
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 “PTE” shall mean a prohibited transaction class exemption issued by the
U.S. Department of Labor, as any such exemption may be amended from time to time. 
 “Qualified CFC Holding Company” shall
mean a Wholly Owned Subsidiary of Holdings (a) that is a United States Person as defined in Section 7701(a)(30) created under the laws of the United States or any state thereof, (b) the significant assets of which consists of Equity
Interests in either (i) one or more Foreign Subsidiaries or (ii) one or more other Qualified CFC Holding Companies and (c) has no outstanding Guarantee of Indebtedness of Holdings, the Lead Borrower or any Domestic Subsidiary 

“Qualified Counterparty” shall mean, with respect to any Swap Agreement, any counterparty thereto that, at the time such Swap
Agreement was entered into or on the Closing Date, was a Lender or an agent or an affiliate of a Lender. 
 “Qualified Equity
Interests” shall mean any Equity Interests other than Disqualified Stock. 
 “Qualified IPO” shall mean the
initial underwritten primary public offering (other than a public offering pursuant to a registration statement on Form S-8) of Equity Interests of the Lead Borrower, Holdings or any direct or indirect parent
of Holdings (i) pursuant to an effective registration statement filed with the Securities and Exchange Commission in accordance with the Securities Act of 1933, as amended (whether alone or in conjunction with a secondary public offering), and
(ii) resulting in gross proceeds of at least $50.0 million. 
 “Qualified Liens” shall mean those Liens expressly
permitted by Sections 6.02(d), (e) (solely as such relate to (i) statutory landlord’s liens on Inventory located on such leased premises of the Loan Parties or (ii) possessory liens of a carrier or warehouseman or similar possessory
liens upon Inventory in the possession of such carrier or warehouseman securing only the freight charges or storage charges for the transportation or storage of such Inventory of the Loan Parties) or (k). 

“Qualifying Lender” shall mean (a) a Lender which is beneficially entitled to interest payable to that Lender in respect
of an advance under a Loan Document and is (i) a Lender (1) which is a bank (as defined for the purpose of section 879 of the ITA) making an advance under a Loan Document and is within the charge to United Kingdom corporation tax as
respects any payments of interest made in respect of that advance or would be within such charge as respects such payments apart from section 18A of the CTA, or (2) in respect of an advance made under a Loan Document by a person that was a bank
(as defined for the purpose of section 879 of the ITA) at the time that that advance was made and within the charge to United Kingdom corporation tax as respects any payments of interest made in respect of that advance, or (ii) a Lender which
is (1) a company resident in the United Kingdom for United Kingdom tax purposes, (2) a partnership each member of which is (y) a company so resident in the United Kingdom, or (z) a company not so resident in the United Kingdom
which carries on a trade in the United Kingdom through a permanent establishment and which brings into account in computing its chargeable profits (within the meaning of section 19 of the CTA) the whole of any share of interest payable in respect of
that advance that falls to it by reason of Part 17 of the CTA, or (3) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent establishment and which brings into account interest
payable in respect of that advance in computing the chargeable profits (within the meaning of section 19 of the CTA) of that company, or (iii) a Treaty Lender, or (b) a Lender which is a building society (as defined for the purposes of
section 880 of the ITA) making an advance under a Loan Document. 
 “Quarterly Financial Statements” shall mean the
unaudited consolidated balance sheet and related consolidated statements of income and cash flows of the Lead Borrower as of and for the fiscal quarters ended August 4, 2018 and November 3, 2018. 

“Real Property” shall mean, collectively, all right, title and interest (including any leasehold estate) in and to any and
all parcels of or interests in real property owned in fee or leased by any Loan Party, together with, in each case, all easements, hereditaments and appurtenances relating thereto, and all improvements and appurtenant fixtures incidental to the
ownership or lease thereof. 

  
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 “Receiver” means a receiver and manager or any other receiver (whether
appointed pursuant to the U.K. Security Trust Deed, the U.K. Security Documents, or any statute, by a court or otherwise) of all or any of the Trust Property (as defined in the U.K. Security Trust Deed) and shall, where permitted by law, include an
administrative receiver. 
 “Reference Period” shall have the meaning assigned to such term in the definition of the term
“Pro Forma Basis.” 
 “Refinance” shall have the meaning assigned to such term in the definition of the term
“Permitted Refinancing Indebtedness,” and “Refinanced” shall have a meaning correlative thereto. 

“Register” shall have the meaning assigned to such term in Section 9.04(b). 

“Regulation” shall have the meaning assigned to such term in Section 3.01. 

“Regulation T” shall mean Regulation T of the Board as from time to time in effect and all official rulings and
interpretations thereunder or thereof. 
 “Regulation U” shall mean Regulation U of the Board as from time to time in
effect and all official rulings and interpretations thereunder or thereof. 
 “Regulation X” shall mean Regulation X of the
Board as from time to time in effect and all official rulings and interpretations thereunder or thereof. 
 “Related
Parties” shall mean, with respect to any specified Person, such Person’s Affiliates and the respective directors, trustees, officers, employees, agents and advisors of such Person and such Person’s Affiliates. 

“Release” shall mean actively or passively disposing, discharging, injecting, spilling, pumping, leaking, leaching, dumping,
emitting, escaping, emptying, pouring, seeping, migrating or the like, of any Hazardous Material into, through or upon the Environment or within, from or into any building, structure, facility or fixture. 

“Relevant Covered Tax Agreement” shall mean a Covered Tax Agreement (as such term is defined under Article 2(1)(a) of the
MLI) the parties to which are the MLI Lender Jurisdiction and the MLI Loan Party Jurisdiction. 
 “Rent Reserve” shall mean
a reserve established by the Administrative Agent in respect of rent payments (not to exceed two months’ rent) made by a Loan Party for each location in the states of Pennsylvania, Washington and Virginia at which Inventory of a Loan Party is
located that is not subject to a Collateral Access Agreement (as reported to the Administrative Agent by the Lead Borrower from time to time as requested by the Administrative Agent or the Required Lenders), as adjusted from time to time by the
Administrative Agent in its Permitted Discretion. 
 “Reportable Event” shall mean any reportable event as defined in
Section 4043(c) of ERISA or the regulations issued thereunder, other than those events as to which the 30 day notice period referred to in Section 4043(c) of ERISA has been waived, with respect to a Plan. 

“Required Lenders” shall mean, at any time, Lenders (other than Defaulting Lenders) having a majority in the aggregate
principal amount of the Commitments in effect at such time of all Lenders (other than Commitments of Defaulting Lenders) or, if the Commitments shall have terminated, having a majority in aggregate principal amount of the Global Exposure of all
Lenders (other than Global Exposure of Defaulting Lenders). 
 “Responsible Officer” of (a) any Agent shall mean any
officer within the department of such Agent administering this matter, including any vice president, assistant vice president, senior associate, assistant secretary, assistant treasurer, trust officer or any other officer of such Agent who
customarily performs functions similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any such matter is referred because of such Person’s knowledge of and familiarity with the particular
subject and who shall have direct responsibility for the administration of this Agreement; and (b) any other Person shall mean any executive officer, director or Financial Officer of such Person and any other officer or similar official thereof
responsible for the administration of the obligations of such Person in respect of this Agreement. 

  
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 “Restricted Payments” shall have the meaning assigned to such term in
Section 6.06. “Restriction” shall have the meaning assigned to such term in Section 5.10(g). 

“Revaluation Date” shall mean, with respect to any Alternate Currency Loan or Letter of Credit, each of the following:
(i) each date of a borrowing of a Loan or an issuance of an Alternate Currency Letter of Credit, (ii) each date of an amendment of any Alternate Currency Letter of Credit having the effect of increasing the amount thereof (solely with
respect to the increased amount), (iii) each date of any payment by the Issuing Bank under any Alternate Currency Letter of Credit, and (iv) such additional dates as the Administrative Agent or the Issuing Bank shall determine or the Required
Lenders shall require. 
 “Revolving L/C Exposure” shall mean at any time the sum of (a) the aggregate undrawn amount
of all Letters of Credit outstanding at such time (calculated, in the case of Alternate Currency Letters of Credit, based on the Dollar Equivalent thereof) and (b) the aggregate principal amount of all L/C Disbursements that have not yet been
reimbursed at such time (calculated, in the case of Alternate Currency Letters of Credit, based on the Dollar Equivalent thereof). The Revolving L/C Exposure of any Lender at any time shall mean its Pro Rata Percentage of the aggregate Revolving L/C
Exposure at such time. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the International Standard
Practices, International Chamber of Commerce No. 590, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. Unless otherwise specified herein, the amount of a Letter of Credit at
any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided, that with respect to any Letter of Credit that, by its terms or the terms of any document related thereto, provides for one or more
automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in
effect at such time. 
 “S&P” shall mean Standard & Poor’s Ratings Group, Inc., and any successor owner
of such division. 
 “Sanctions” shall have the meaning assigned to such term in Section 3.21(a). 

“SEC” shall mean the Securities and Exchange Commission or any successor thereto. 

“Secured Parties” shall have the meaning assigned to such term in the respective Security Documents. 

“Securities Account” has the meaning assigned to such term in the Uniform Commercial Code. “Securities Act”
shall mean the Securities Act of 1933, as amended. 
 “Security Documents” shall mean the Gibraltar Security Agreement, the
U.S. Security Documents and the U.K. Security Documents, collectively, and each of the security agreements and other instruments and documents executed and delivered pursuant to any of the foregoing or pursuant to Section 5.10. 

“Senior Representative” shall mean, with respect to any series of Permitted Term Priority Indebtedness, the trustee,
administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each of their successors in such
capacities. 
 “Solvent” and “Solvency” shall mean, with respect to any Person on any date of
determination, that on such date (i) the fair value of the assets of such Person and its Subsidiaries, on a consolidated basis, is greater than the total amount of liabilities, including contingent liabilities, of such Person and its
Subsidiaries, on a consolidated basis (it being understood that the amount of contingent liabilities at any time shall be computed as the amount that, in light of all the facts and circumstances existing at such time, represents the amount that can
reasonably be expected to become an actual or matured liability (irrespective of whether such contingent liability meets the criteria 

  
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for accrual under Statement of Accounting Standards No. 5)); (ii) the present fair saleable value of the assets of such Person and its Subsidiaries, on a consolidated basis, is greater than
the total amount of liabilities, including contingent liabilities, of such Person and its Subsidiaries, on a consolidated basis (it being understood that the amount of contingent liabilities at any time shall be computed as the amount that, in light
of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability (irrespective of whether such contingent liability meets the criteria for accrual under
Statement of Accounting Standards No. 5)); (iii) such Person and its Subsidiaries, on a consolidated basis, are able to pay their debts and liabilities (including contingent and subordinated liabilities (it being understood that the amount of
contingent liabilities at any time shall be computed as the amount that, in light of all facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability (irrespective of
whether such contingent liability meets the criteria for accounting under Statement of Accounting Standards No. 5)) as they become absolute and mature in the ordinary course of business on their respective stated maturities); and (iv) such
Person and its Subsidiaries on a consolidated basis do not have unreasonably small adequate capital with which to conduct the business they are presently conducting and reasonably anticipate conducting. For the avoidance of doubt, the term
“contingent liabilities,” as used in this definition, shall exclude payments in respect of Equity Interests. 
 “Specified
Payment” shall mean any Investment (including a Permitted Business Acquisition), payment in respect of any Junior Financing or Restricted Payment that, in each case, is subject to the satisfaction of the Payment Conditions. 

“Spot Rate” for a currency shall mean the rate determined by the Administrative Agent or the Issuing Bank, as applicable, to
be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading office at approximately 11:00 a.m. on the date three
Business Days prior to the date as of which the foreign exchange computation is made (or on such other day and time as may be mutually agreed by the Lead Borrower and the Administrative Agent, provided such date is not more than three Business Days
prior to the date of such computation) or if such rate cannot be computed as of such date such other date as the Administrative Agent or the Issuing Bank shall reasonably determine is appropriate under the circumstances; provided that the
Administrative Agent or the Issuing Bank may obtain such spot rate from another financial institution designated by the Administrative Agent or the Issuing Bank if the Person acting in such capacity does not have as of the date of determination a
spot buying rate for any such currency. 
 “Standby Letter of Credit” shall have the meaning assigned to such term in
Section 2.04(a). 
 “Statutory Reserves” shall mean, with respect to any currency, any reserve, liquid asset or
similar requirements established by any Governmental Authority of the United States or of the jurisdiction of such currency or any jurisdiction in which Loans in such currency are made to which banks in such jurisdiction are subject for any category
of deposits or liabilities customarily used to fund loans in such currency or by reference to which interest rates applicable to Loans in such currency are determined. If any Lender is required to comply therewith, such reserve, liquid asset or
similar requirements shall include those imposed pursuant to the requirements of The Bank of England and/or the Prudential Regulation Authority (or any authority that replaces any of the functions thereof) or the requirements of the European Central
Bank. 
 “Store” shall mean any retail store (which may include any real property, fixtures, equipment, inventory and other
property related thereto) operated, or to be operated, by the Borrowers or any Subsidiary. 
 “Subagent” shall have the
meaning assigned to such term in Section 8.02. 
 “subsidiary” shall mean, with respect to any Person (herein referred
to as the “parent”), any corporation, partnership, 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, directly or indirectly, owned, Controlled or held, or (b) that is, at the time any determination is 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. 

  
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 “Subsidiary” shall mean, unless the context otherwise requires, a
subsidiary of the Lead Borrower. Notwithstanding the foregoing (and except for purposes of Sections 3.08, 3.12, 3.13, 5.03 and 7.01(k), clause (a) of the definition of the term “Collateral and Guarantee Requirement” and the definition
of the term “Unrestricted Subsidiary” contained herein), an Unrestricted Subsidiary shall be deemed not to be a Subsidiary of Holdings for purposes of this Agreement. 

“Subsidiary Redesignation” shall have the meaning provided in the definition of “Unrestricted Subsidiary” contained
in this Section 1.01. 
 “Swap Agreement” shall mean any agreement with respect to any swap, forward, future or
derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic,
financial or pricing risk or value or any similar transaction or any combination of these transactions; provided, that no phantom stock or similar plan providing for payments only on account of services provided by current or former
directors, officers, employees or consultants of Holdings, the Borrowers or any of the Subsidiaries shall be a Swap Agreement. 

“Swingline Lender” shall mean Citibank N.A., in its capacity as lender of Swingline Loans hereunder, or any successor lender
of Swingline Loans hereunder. 
 “Swingline Loan” shall mean any Loan made to the Borrowers pursuant to
Section 2.03(b). 
 “Swingline Sublimit” shall have the meaning assigned to such term in Section 2.23(b). 

“Swiss Francs” shall mean the lawful money of Switzerland. 

“TARGET Day” shall mean any day on which the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET2)
payment system which utilizes a single shared platform and which was launched on 19 November 2007 (or, if such payment system ceases to be operative, such other payment system (if any) reasonably determined by the Administrative Agent to be a
suitable replacement) is open for the settlement of payments in Euro. 
 “Tax Confirmation” shall mean a confirmation by a
Lender that the Person beneficially entitled to interest payable to that Lender in respect of an advance under this Agreement falls within paragraph (a)(ii) of the definition of Qualifying Lender. 

“Taxes” shall mean any and all present or future taxes, levies, imposts, duties (including stamp duties), deductions,
withholdings or similar charges (including backup withholding, assessments, fees, ad valorem or other charges) imposed by any Governmental Authority and any and all interest, penalties and additions related thereto. 

“Term Loan Agent” shall mean Wilmington Trust, National Association, in its capacity as administrative agent and collateral
agent, as applicable, under the Term Loan Credit Agreement and its successors and assigns in accordance with the terms of the Term Loan Credit Agreement. 

“Term Loan Credit Agreement” shall mean the Term Loan Credit Agreement dated as of October 12, 2018, among Holdings, the
Lead Borrower, the Term Loan Agent and the lenders party thereto from time to time, as amended, restated, modified, replaced or refinanced from time to time in accordance with the terms hereof (including by any reference to the Intercreditor
Agreement). 
 “Term Loan Documents” shall have the meaning assigned to the term “Loan Documents” in the Term
Loan Credit Agreement. 
 “Term Loans” shall have the meaning assigned to the term “Loans” in the Term Loan
Credit Agreement. 
 “Termination Date” shall have the meaning assigned to such term in Article V. 

  
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 “Test Period” shall mean, on any date of determination, the period of four
consecutive fiscal quarters of the Lead Borrower then most recently ended (taken as one accounting period) for which financial statements pursuant to Sections 5.04(a) or (b), as applicable, have been delivered or are required to have been delivered
to the Administrative Agent. 
 “Threshold Amount” shall mean $15 million. 

“Trade Letter of Credit” shall have the meaning assigned to such term in Section 2.04(a).
“Transactions” shall mean the entry into the ABL Facility, the consummation of the Closing Date 
 Refinancing, the
transactions related to the foregoing or arising therefrom, and the payment of fees, commission and expenses associated therewith. 

“Treaty Lender” shall mean a Lender which (a) is treated as a resident of a Treaty State for the purposes of the
relevant Treaty, (b) does not carry on a business in the United Kingdom through a permanent establishment with which the Lender’s participation in the Loan is effectively connected and (c) is entitled to claim the benefits of such
Treaty with respect to payments made by a U.K. Borrower (other than CGHL) under this Agreement. 
 “Treaty State” shall
mean a jurisdiction which has entered into a double taxation agreement ( a “Treaty”) with the United Kingdom which makes provision for full exemption from Tax imposed by the United Kingdom on interest. 

“Type” shall mean, when used in respect of any Loan or Borrowing, the Rate by reference to which interest on such Loan or on
the Loans comprising such Borrowing is determined. For purposes hereof, the term “Rate” shall include the Adjusted Eurocurrency Rate and the ABR. 

“U.K. Borrowers” shall have the meaning assigned to such term in the introductory paragraph of this Agreement. 

“U.K. Borrowing Base” shall mean, as of any date of determination the amount equal to the sum of: 

(a) up to 90% of the book value of Eligible Credit Card Accounts of the U.K. Borrowers at such time; plus 

(b) up to 85% of the book value of Eligible Concession Accounts of the U.K. Borrowers at such time; plus 

(c) up to 85% of the book value of Eligible Royalty Accounts of the U.K. Borrowers at such time; plus 

(d) up to 85% of the book value of Eligible Wholesale Accounts of the U.K. Borrowers at such time; plus 

(e) up to 90% of the Net Orderly Liquidation Value of the cost of Eligible Inventory of the U.K. Borrowers on a
first-in, first-out basis; provided that at no time shall availability from Eligible Concession Inventory of the U.K. Borrowers be included in an amount that
would exceed 10% of Eligible Inventory of the U.K. Borrowers at such time, calculated after giving effect to all Eligible Concession Inventory of the U.K. Borrowers, minus 

(f) (i) Availability Reserves, (ii) solely after the U.K. Cash Pooling Amendment Obligation End Date, the U.K. Cash Pooling Reserve;
provided that if after the U.K. Cash Pooling Amendment Obligation End Date, the documentation governing the U.K. HSBC Pooling Accounts is otherwise amended, modified, terminated, changed or replaced, the result of which is to permit the U.K.
Borrowers (other than CGHL) to grant a Lien on the U.K. HSBC Pooling Accounts to secure the Obligations, the U.K. Cash Pooling Reserve shall no longer apply and (iii) in the Administrative Agent’s Permitted Discretion in accordance with
Section 2.22, reserves for the prescribed 

  
 46 

 
part of a U.K. Borrower’s (other than CGHL) net property that would be available for the satisfaction of its unsecured liabilities pursuant to Section 176A of the United Kingdom
Insolvency Act of 1986, and the Insolvency Act 1986 (Prescribed Part) Order 2003 reserves with respect to liabilities of a U.K. Borrower (other than CGHL) which constitute preferential debts pursuant to Sections 175, 176ZA or 386 of the United
Kingdom Insolvency Act of 1986. 
 In the event the Administrative Agent has not received an inventory appraisal (the “Initial U.K.
Appraisal”) and field exam (the “Initial U.K. Field Exam”) from Hilco Valuation Services (or another third party reasonably satisfactory to the Administrative Agent) covering the U.K. Borrowing Base prior to the Closing
Date, during the period from the Closing Date and until Administrative Agent’s receipt of the Initial U.K. Appraisal and Initial U.K. Field Exam, the U.K. Borrowing Base shall be calculated to be 50% of the “U.K. Borrowing Base” (the
“Alternative Borrowing Base”). 
 On and after the Administrative Agent’s receipt of the Initial U.K. Appraisal and Initial U.K. Field
Exam, the U.K. Borrowing Base shall no longer be based on the Alternative Borrowing Base but shall be based on the U.K. Borrowing Base as provided herein. 

“U.K. Cash Pooling Reserve” means, solely with respect to the amount of Eligible Inventory of the U.K. Borrowers (other than
CGHL) included in the U.K. Borrowing Base at any time, a reserve established by the Administrative Agent in its Permitted Discretion not to exceed 10% of Eligible Inventory of the U.K. Borrowers (other than CGHL) at such time. 

“U.K. Cash Pooling Amendment” has the meaning assigned to such term in Section 5.10(j). 

“U.K. Cash Pooling Amendment Obligation End Date” has the meaning assigned to such term in Section 5.10(j). 

“U.K. Cash Pooling Amendment Effective Date” means, if the U.K. Cash Pooling Amendment is consummated, the date on which the
U.K. Cash Pooling Amendment becomes effective in accordance with its terms. 
 “U.K. Collateral” shall mean all the
“Charged Property” as defined in the U.K. Security Agreement and all other property (whether real, personal or otherwise) with respect to which any security interests have been granted (or purported to be granted) by the U.K. Borrowers
(except CGHL) or will be granted in accordance with the requirements set forth in Section 5.10. For the avoidance of doubt, in no event shall U.K. Collateral include Excluded Collateral. 

“U.K. Exposure” shall mean, with respect to any Lender, (a) the aggregate principal amount of outstanding U.K. Loans of
such Lender (taking the Dollar Equivalent of any Loan denominated in an Alternate Currency) plus (b) the Revolving L/C Exposure of such Lender with respect to Letters of Credit issued for the account of any U.K. Borrower at such time. 

“U.K. HSBC Pooling Accounts” means: (a) account number 401276-70341462 maintained by Claire’s European Distribution
Limited, (b) account number 401276-70023368 maintained by Claire’s Accessories UK Ltd., Irish Branch, (c) account number 401276-70021078 maintained by Claire’s European Distribution Limited, (d) account number
401276-70021027 maintained by Claire’s Accessories UK Ltd, French Branch, (e) account number 401276-70023333 maintained by Claire’s Accessories UK Limited, (f) account number 401276- 70023011 maintained by Claire’s European
Services Limited, (g) account number 401118-12179601 maintained by Claire’s Accessories UK Limited, (h) account number 401118-64430050 maintained by Claire’s Accessories UK Limited, (i) account number 401118-44429974
maintained by Claire’s European Distribution Limited, (j) account number 401118-04429931 maintained by Claire’s European Services Limited, (k) account number 401276-70023341 maintained by Claire’s Accessories UK Limited,
(l) account number 401276-70020927 maintained by Claire’s European Distribution Limited, (m) account number 401276-70020935 maintained by Claire’s European Services Limited, (n) account number 401276-70024625 maintained by
Claire’s European Distribution Limited, (o) account number 401276-70440993 maintained by Claire’s European Distribution Limited and (p) any other account maintained by any U.K. Borrower as part of its “HSBC cash pooling
arrangement”. 

  
 47 

 “U.K. Insolvency Event” shall mean any corporate action, legal proceedings
or other procedure or step is taken in relation to: 
 (a) the suspension of payments, a moratorium of any indebtedness (provided the ending
of such moratorium will not remedy any Event of Default caused by such moratorium), winding-up, dissolution, administration or reorganization (by way of voluntary arrangement, scheme of arrangement or
otherwise) of any U.K. Borrower; 
 (b) a composition, compromise, assignment or arrangement with any creditor of any U.K. Borrower in
connection with or as a result of any financial difficulty on the part of any U.K. Borrower; 
 (c) the appointment of a provisional
liquidator, liquidator, receiver, administrative receiver, administrator, compulsory or interim manager or other similar officer in respect of any U.K. Borrower, or all or substantially all its assets; 

(d) the enforcement of any Lien over all or substantially all of the assets of any U.K. Borrower; 

(e) any expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction affects all or
substantially all of the assets of a U.K. Borrower, and is not discharged, dismissed, stayed or restrained within 21 days thereafter; 
 (f)
any U.K. Borrower becomes insolvent or is unable or admits in writing its inability to pay its debts as they fall due, or 
 (g) or any
analogous procedure or step is taken in any jurisdiction provided that clauses (a) to (d) above shall not apply to (i) any winding-up petition or other process which is frivolous or vexatious
and is discharged, stayed, restrained or dismissed within 20 Business Days of commencement, (ii) the appointment of an administrator (or any procedure or step in relation to such appointment) which the Administrative Agent is satisfied will be
withdrawn or unsuccessful and (iii) any actions expressly permitted by this Agreement. 
 “U.K. Line Cap” shall mean
an amount that is equal to the lesser of (a) the U.K. Sublimit and (b) the sum of (i) then applicable U.K. Borrowing Base plus (ii) the positive amount, if any, by which the U.S. Borrowing Base exceeds the U.S. Exposure at such
time. 
 “U.K. Loans” shall mean all Loans to a U.K. Borrower made pursuant to Article II of this Agreement. 

“U.K. Overadvance Amount” shall mean at any time the amount by which U.K. Exposure exceeds U.K. Line Cap. 

“U.K. Security Agreement” shall mean the U.K. Security Agreement, dated the Closing Date (as amended, supplemented or
otherwise modified from time to time), among the U.K. Borrowers (except CGHL) and the Collateral Agent. 
 “U.K. Security
Documents” shall mean the U.K. Security Agreement (including the Control Arrangements of a U.K. Borrower party to the U.K. Security Agreement); and, after the execution and delivery thereof, each security document executed and delivered by
a U.K. Borrower (except CGHL) pursuant to the U.K. Security Agreement or pursuant to Section 5.10 and governed by the laws of England and Wales, together with any other applicable security documents governed by the laws of England and Wales
from time to time, such as a deed or any other related documents, bonds, debentures or pledge agreements as may be required to perfect a Lien in favor of the Collateral Agent for the benefit of the Secured Parties. 

“U.K. Security Trust Deed” shall mean the English law governed security trust deed, dated the Closing Date (as amended,
supplemented or otherwise modified from time to time), among Claire’s European Services Limited, Claire’s Accessories UK Ltd and Claire’s European Distribution Limited as chargors, the Lenders, the Administrative Agent and the
Collateral Agent 

  
 48 

 “U.K. Sublimit” shall mean $37.5 million. 

“U.S. Borrowers” shall have the meaning assigned to the introductory paragraph of this Agreement. 

“U.S. Borrowing Base” shall mean, as of any date of determination an amount equal to the sum of: 

(a) up to 90% of the book value of Eligible Credit Card Accounts of the U.S. Borrowers at such time; plus 

(b) up to 85% of the book value of Eligible Concession Accounts of the U.S. Borrowers at such time; plus 

(c) up to 85% of the book value of Eligible Royalty Accounts of the U.S. Borrowers at such time; plus 

(d) up to 85% of the book value of Eligible Wholesale Accounts of the U.S. Borrowers at such time; plus 

(e) up to 90% of the Net Orderly Liquidation Value of the cost of Eligible Inventory of the U.S. Borrowers determined on a first-in, first-out basis; provided that at no time shall availability from Eligible Concession Inventory of the U.S. Borrowers be included in an amount that would
exceed 10% of Eligible Inventory of the U.S. Borrowers at such time, calculated after giving effect to all Eligible Concession Inventory of the U.S. Borrowers, minus 

(f) Availability Reserves. 

“U.S. Collateral” shall mean all property (whether real, personal or otherwise) with respect to which any security interests
have been granted (or purported to be granted) pursuant to any U.S. Security Document or will be granted in accordance with requirements set forth in Section 5.10, including, without limitation, all collateral as described in the U.S. Security
Agreement and all Mortgaged Properties. For the avoidance of doubt, in no event shall U.S. Collateral include Excluded Collateral. 

“U.S. Collateral Agreement” shall mean the Guarantee and Collateral Agreement dated the Closing Date (as amended,
supplemented or otherwise modified from time to time), among Holdings, the Loan Parties party thereto from time to time and the Collateral Agent. 

“U.S. Exposure” shall mean, with respect to any Lender at any time, the sum of (a) the aggregate principal amount of the
U.S. Loans of such Lender outstanding at such time, and (b) the Revolving L/C Exposure with respect to Letters of Credit issued for the account of any U.S. Borrower at such time of such Lender at such time. 

“U.S. Line Cap” shall mean an amount that is equal of the lesser of (a) the total Commitments and (b) the then
applicable U.S. Borrowing Base. 
 “U.S. Loans” shall mean all Loans to a U.S. Borrower made pursuant to Article II of this
Agreement. 
 “U.S. Overadvance Amount” shall mean at any time the amount by which U.S. Exposure exceeds U.S. Line Cap.

 “U.S. Security Documents” shall mean the Mortgages, the U.S. Collateral Agreement, the Foreign Pledge Agreements, the
Control Arrangements of a U.S. Borrower and each of the security agreements and other instruments and documents executed and delivered by a U.S. Borrower pursuant to any of the foregoing or pursuant to Section 5.10 and governed by the laws of a
State located within the United States. 

  
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 “Unfunded Pension Liability” shall mean, as of the most recent valuation
date for the applicable Plan, the excess of (1) the Plan’s actuarial present value (determined on the basis of reasonable assumptions employed by the independent actuary for such Plan for purposes of Section 412 of the Code or
Section 302 of ERISA) of its benefit liabilities (as defined in Section 4001(a)(16) of ERISA) over (2) the Fair Market Value of the assets of such Plan. 

“Uniform Commercial Code” shall mean the Uniform Commercial Code as the same may from time to time be in effect in the State
of New York or the Uniform Commercial Code (or similar code or statute) of another jurisdiction, to the extent it may be required to apply to any item or items of Collateral. 

“United States” and “U.S.” shall mean the United States of America. 

“Unrestricted Subsidiary” shall mean (1) any Subsidiary identified on Schedule 1.01D and (2) any Subsidiary
designated by the Lead Borrower as an Unrestricted Subsidiary hereunder by written notice to the Administrative Agent; provided, that the Lead Borrower shall only be permitted to so designate a new Unrestricted Subsidiary after the Closing
Date and so long as (a) no Default or Event of Default has occurred and is continuing or would result therefrom, (b) such Unrestricted Subsidiary shall be capitalized (to the extent capitalized by the Lead Borrower or any of the
Subsidiaries) through Investments as permitted by, and in compliance with, Section 6.04(j), and any prior or concurrent Investments in such Subsidiary by the Borrowers or any of the Subsidiaries shall be deemed to have been made under
Section 6.04(j), (c) without duplication of clause (b), any assets owned by such Unrestricted Subsidiary at the time of the initial designation thereof shall be treated as Investments pursuant to Section 6.04(j), (d) before and after
giving effect to such designation (and any Investments in such Unrestricted Subsidiary), the Payment Conditions shall be satisfied and (e) such Subsidiary shall have been designated an “unrestricted subsidiary” (or otherwise not be
subject to the covenants and defaults) under the Term Loan Credit Agreement, the Permitted Term Priority Indebtedness Documents, the documentation governing any other Material Indebtedness that has an “unrestricted subsidiary” concept (and
all Permitted Refinancing Indebtedness in respect of any of the foregoing) and all Disqualified Stock (if applicable); provided, further, that at the time of the initial Investment by the Lead Borrower or any of the Subsidiaries in
such Subsidiary, the Lead Borrower shall designate such entity as an Unrestricted Subsidiary in a written notice to the Administrative Agent. The Lead Borrower may designate any Unrestricted Subsidiary to be a Subsidiary for purposes of this
Agreement (each, a “Subsidiary Redesignation”); provided, further, that (i) such Unrestricted Subsidiary, both before and after giving effect to such designation, shall be a Wholly Owned Subsidiary of the Lead
Borrower, (ii) no Default or Event of Default has occurred and is continuing or would result therefrom, (iii) all representations and warranties contained herein and in the Loan Documents shall be true and correct in all material respects
with the same effect as though such representations and warranties have been made on and as of the date of such Subsidiary Redesignation (both before and after giving effect thereto), unless stated to relate to a specific earlier date, in which case
such representations and warranties shall be true and correct in all material respects as of such earlier date and (iv) the Lead Borrower shall have delivered to the Administrative Agent an officer’s certificate executed by a Responsible
Officer of the Lead Borrower, certifying to the best of such officer’s knowledge, compliance with the requirements of preceding clauses (i) through (iii), inclusive; provided, further, that a Subsidiary Redesignation shall
constitute the incurrence at the time of such redesignation of any Investments, Indebtedness or Liens of the applicable Unrestricted Subsidiary designated as a Subsidiary. Unrestricted Subsidiaries shall not be subject to the affirmative or negative
covenants, or, except as specified in the definition of “Subsidiary,” Event of Default provisions contained in this Agreement. 

“USA PATRIOT Act” shall mean the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism Act of 2001 (Title III of Pub. L. No. 107-56 (signed into law October 26, 2001)). 

“VAT” shall mean (a) any tax imposed in compliance with the Council Directive of 28 November 2006 on the common
system of value added tax (EC Directive 2006/112); and (b) any other tax of a similar nature, whether imposed in a member state of the European Union in substitution for, or levied in addition to, such tax referred to in paragraph
(a) above, or imposed elsewhere. 
 “Wholly Owned Domestic Subsidiary” of any Person shall mean a Domestic Subsidiary
of such Person that is a Wholly Owned Subsidiary. 

  
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 “Wholly Owned Subsidiary” of any Person shall mean a subsidiary of such
Person, all of the Equity Interests of which (other than directors’ qualifying shares or nominee or other similar shares required pursuant to applicable law) are owned by such Person or another Wholly Owned Subsidiary of such Person. 

“Withdrawal Liability” shall mean liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such
Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 “Write-Down and Conversion
Powers” shall mean, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the
applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 

Section 1.02. Terms Generally. The definitions set forth or referred to in Section 1.01 shall apply equally to both
the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including”
shall be deemed to be followed by the phrase “without limitation.” All references herein to Articles, Sections, Exhibits and Schedules shall be deemed references to Articles and Sections of, and Exhibits and Schedules to, this Agreement
unless the context shall otherwise require. Except as otherwise expressly provided herein, any reference in this Agreement to any Loan Document shall mean such document as amended, restated, supplemented or otherwise modified from time to time in
accordance with the requirements hereof and thereof. Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided, that, if
the Lead Borrower notifies the Administrative Agent that the Lead Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the Closing Date in GAAP or in the application thereof on the operation of
such provision (or if the Administrative Agent notifies the Lead Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or
in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in
accordance herewith. Notwithstanding anything to the contrary contained in this Agreement or any other Loan Document, (i) in the event of an accounting change before or after the date hereof requiring all leases to be capitalized, only those
leases (assuming for purposes hereof that such leases were in effect on the date hereof) that would constitute capitalized leases in conformity with GAAP on December 31, 2017 shall be considered Capital Lease Obligations, and (ii) no
change in the term of any lease arrangement required in connection with the ordinary course renewal or extension thereof shall result in any lease obligation that was not previously a Capital Lease Obligation (after giving effect to clause (i))
constituting a Capital Lease Obligation for any purpose under this Agreement, and, in each case all calculations and determinations under this Agreement and any other Loan Document shall be made or delivered, as applicable, in accordance therewith.

 Section 1.03. Exchange Rates; Currency Equivalents. 

(a) The Administrative Agent shall determine the Spot Rate as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of
Alternate Currency Letters of Credit. Such Spot Rate shall become effective as of such Revaluation Date and shall be the Spot Rate employed in converting any amounts between the Dollars and each Alternate Currency until the next Revaluation Date to
occur. Except for purposes of financial statements delivered by Loan Parties hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar
Equivalent amount as so determined by the Administrative Agent. No Default or Event of Default shall arise as a result of any limitation or threshold set forth in Dollars in Article VI or paragraph (f) or (j) of Section 7.01 being exceeded
solely as a result of changes in currency exchange rates from those rates applicable on the first day of the fiscal quarter in which such determination occurs or in respect of which such determination is being made. 

(b) Wherever in this Agreement in connection with an Alternate Currency Letter of Credit, an amount, such as a required minimum or multiple
amount, is expressed in Dollars, such amount shall be the Dollar Equivalent of such Dollar amount (rounded to the nearest unit of such Alternate Currency, with 0.5 of a unit being rounded upward), as determined by the Administrative Agent. 

  
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 Section 1.04. Classification of Revolving Loans and Borrowings. For
purposes of this Agreement, Loans may be classified and referred to by Class (e.g., an “Initial Revolving Loan” or “Initial U.S. Loan”) or by Type (e.g., a “Eurocurrency Loan”) or by Class and Type
(e.g., a “Eurocurrency Initial Revolving Loan”). Borrowings also may be classified and referred to by Class (e.g., an “Initial Revolving Borrowing”) or by Type (e.g., a “Eurocurrency Rate
Borrowing”) or by Class and Type (e.g., a “Eurocurrency Rate Initial Revolving Borrowing”). 

Section 1.05. Divisions. For all purposes under the Loan Documents, in connection with any division or plan of division
under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed
to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity
Interests at such time. 
 Section 1.06. Timing of Payment or Performance. When payment of any obligation or performance
of any covenant, duty or obligation is stated to be due or required on a day which is not a Business Day, the date of such payment (other than as described in the definition of “Interest Period”) or performance shall extend to the
immediately succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. 

ARTICLE II 
 THE CREDITS 

Section 2.01. Commitments. Subject to and upon the terms and conditions set forth herein, each Lender severally agrees to make
(i) loans in Dollars to a U.S. Borrower (as designated by the Applicable Administrative Borrower) from time to time during the Availability Period in an aggregate principal amount at any time outstanding up to the amount that would not result
in clauses (a) or (b) of the Availability Conditions not being met, and (ii) loans in any Alternate Currency to a U.K. Borrower (as designated by the Applicable Administrative Borrower) from time to time during the Availability Period in
an aggregate principal amount at any time outstanding up to the amount that would not result in clauses (a) or (c) of the Availability Conditions not being met. Within the foregoing limits and subject to the terms and conditions set forth
herein, the Borrowers may borrow, prepay and reborrow Loans. Notwithstanding anything to the contrary, (x) no U.K. Borrower shall be liable for any of the U.S. Loans or other Obligations of Holdings or the U.S. Borrowers and (y) all Loan
Parties shall be jointly and severally liable for the U.K. Loans and the other Obligations of the U.K. Borrowers. 

Section 2.02. Loans and Borrowings. 

(a) Each Loan (other than a Swingline Loan) shall be made as part of a Borrowing consisting of Loans of the same Type and Class made by
the Lenders ratably in accordance with their respective Commitments on the date such Loans are made hereunder. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder;
provided, that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. Each Swingline Loan shall be made in accordance with the procedures set forth in
Section 2.03(b). 
 (b) Subject to Section 2.12, each Borrowing shall be comprised entirely of ABR Loans or
Eurocurrency Loans in a single currency permitted under Section 2.01 as the Applicable Administrative Borrower may request in accordance herewith; provided that each Swingline Loan shall be an ABR Loan. Each Lender at its option may make
any ABR Loan or Eurocurrency Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided, that any exercise of such option shall not affect the obligation of the Borrowers to repay such Loan in
accordance with the terms of this Agreement and such Lender shall not be entitled to any amounts payable under Section 2.13 or 2.15 solely in respect of increased costs resulting from such exercise and existing at the time of such exercise;
provided further, that, for the avoidance of doubt, ABR Loans shall be denominated only in Dollars, and all Borrowings denominated in Pounds Sterling, Euros, Canadian Dollars or Swiss Francs must be Eurocurrency Loans. 

  
 52 

 (c) At the commencement of each Interest Period for any Eurocurrency Borrowing, such
Borrowing shall be in an aggregate amount that is an integral multiple of the Borrowing Multiple and not less than the Borrowing Minimum. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral
multiple of the Borrowing Multiple and not less than the Borrowing Minimum; provided, that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the Commitments, that is required to finance the
reimbursement of an L/C Disbursement as contemplated by Section 2.04(e). Borrowings of more than one Type and/or Class may be outstanding at the same time; provided, that there shall not at any time be more than a total of 5
Eurocurrency Borrowings outstanding. 
 (d) Notwithstanding any other provision of this Agreement, the Applicable Administrative Borrower
shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Final Maturity Date. 

Section 2.03. Procedures for Borrowings; Swingline. 

(a) Borrowings. To request a Borrowing, an irrevocable Borrowing Request shall be sent to the Administrative Agent via electronic
communications or telecopy: (i) in the case of a Eurocurrency Borrowing of U.S. Loans, not later than 12:00 p.m., Local Time, three (3) Business Days before the date of the proposed Borrowing, (ii) in the case of a Eurocurrency
Borrowing of U.K. Loans, not later than 12:00 p.m., Local Time, four (4) Business Days before the date of the proposed Borrowing, or (iii) in the case of an ABR Borrowing of either U.K. Loans or U.S. Loans (other than Swingline Loans), not
later than 12:00 noon, Local Time, one (1) Business Day before the date of the proposed Borrowing; provided, that any such notice of an ABR Borrowing to finance the reimbursement of an L/C Disbursement as contemplated by
Section 2.04(e) may be given not later than 10:00 a.m., Local Time, on the date of the proposed Borrowing. Each such Borrowing Request shall be in a form approved by the Administrative Agent and signed by the Applicable Administrative Borrower.
Each such written Borrowing Request shall specify the following information in compliance with Section 2.02: 
  

	 	(i)	 the name of the Borrower that the Borrowing is being requested on behalf of; 

 

	 	(ii)	 the aggregate amount of the requested Borrowing; 

 

	 	(iii)	 the date of such Borrowing, which shall be a Business Day; 

 

	 	(iv)	 whether such Borrowing is to be Borrowing or a Eurocurrency Borrowing; 

 

	 	(v)	 in the case of a Eurocurrency Borrowing, the initial Interest Period to be applicable thereto, which shall be a
period contemplated by the definition of the term “Interest Period”; 

  

	 	(vi)	 the location and number of the applicable Borrower’s account to which funds are to be disbursed;

  

	 	(vii)	 the Class of such Borrowing; 

 

	 	(viii)	 whether such Borrowing will be of U.S. Loans or U.K. Loans; and 

 

	 	(ix)	 to the extent the Borrowing will be of U.K. Loans, the currency of the Borrowing. 

(b) Swingline. 

(i) Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make Swingline Loans to the U.S.
Borrowers in Dollars from time to time during the Availability Period, in an aggregate principal amount at any time outstanding not to exceed $10,000,000 (the “Swingline Sublimit”); provided that (x) the Swingline Lender
shall not be required to make any Swingline Loan to refinance an outstanding Swingline Loan, (y) after giving effect to any Swingline 

  
 53 

 
Loan, the Global Exposure shall not exceed the Commitments then in effect and (z) after giving effect to any Swingline Loan, the Global Exposure shall not exceed the Global Line Cap then in
effect. Each Swingline Loan shall be in a minimum principal amount of not less than $100,000 or, if greater, a whole multiple of $100,000 (or such other amount as may be agreed by the Swingline Lender). Within the foregoing limits and subject to the
terms and conditions set forth herein, Swingline Loans may be borrowed, prepaid and reborrowed during the Availability Period. To request a Swingline Loan, the Lead Borrower shall notify the Swingline Lender (with a copy to the Administrative Agent)
of such request via electronic communication or telecopy, not later than 1:00 p.m. on the day of a proposed Borrowing of a Swingline Loan. Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day) and
amount of the requested Swingline Loan. The Swingline Lender shall make each Swingline Loan available to the applicable Borrower on the same Business Day in accordance with the instructions of the Lead Borrower (including, in the case of a Swingline
Loan made to finance the reimbursement of an L/C Disbursement as provided in Section 2.04(e), by remittance to the applicable Issuing Bank). 

(ii) The Swingline Lender may by written notice given to the Administrative Agent not later than 12:00 p.m. on any Business Day
require the Lenders to acquire participations on the second Business Day following receipt of such notice in all or a portion of the Swingline Loans outstanding. Such notice shall specify the aggregate amount of Swingline Loans in which Lenders will
participate. Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each Lender, specifying in such notice such Lender’s ratable share of such Swingline Loan or Swingline Loans. Each Lender hereby absolutely
and unconditionally agrees, upon receipt of notice as provided above, to pay to the Administrative Agent, for the account of the Swingline Lender, such Lender’s ratable share of such Swingline Loan or Swingline Loans. Each Lender acknowledges
and agrees that its obligation to acquire participations in Swingline Loans pursuant to this paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or
any reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each Lender shall comply with its obligation under this paragraph by wire transfer of
immediately available funds, in the same manner as provided in Section 2.07 with respect to Loans made by such Lender (and Section 2.07 shall apply, mutatis mutandis, to the payment
obligations of the Lenders pursuant to this Section 2.03(b)), and the Administrative Agent shall promptly remit to the Swingline Lender the amounts so received by it from the Lenders. The Administrative Agent shall notify
the Lead Borrower of any participation in any Swingline Loan acquired pursuant to this Section 2.03(b), and thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and not to the
Swingline Lender. Any amounts received by the Swingline Lender from the Lead Borrower (or other Person on behalf of the Lead Borrower) in respect of any Swingline Loan after receipt by the Swingline Lender of the proceeds of any sale of
participations therein shall be promptly remitted by the Swingline Lender to the Administrative Agent and any such amounts received by the Administrative Agent shall be promptly remitted by the Administrative Agent to the Lenders that have made
their payments pursuant to this Section 2.03(b) and to the Swingline Lender, as their interests may appear; provided that any such payment so remitted shall be repaid to the Swingline Lender or the Administrative
Agent, as the case may be, and thereafter to the Lead Borrower, if and to the extent such payment is required to be refunded to the Lead Borrower for any reason. The purchase of participations in any Swingline Loan pursuant to this
Section 2.03(b) shall not relieve the Lead Borrower of any default in the payment thereof. 
 (iii)
If any Lender fails to make available to the Administrative Agent for the account of the Swingline Lender any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03 by the time
specified in this Section 2.03(b), the Swingline Lender shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such
payment is required to the date on which such payment is immediately available to the Swingline Lender at a rate per annum equal to the greater of the Federal Funds Rate from time to time in effect and a rate determined by the Administrative Agent
in accordance with banking industry rules on interbank compensation. A certificate of the Swingline Lender submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (iii) shall be
conclusive absent manifest error. 

  
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 (iv) The Swingline Lender may resign as Swingline Lender upon 30 days prior
written notice to the Administrative Agent, the Lenders and the Lead Borrower. The Swingline Lender may be replaced at any time by written agreement among the Lead Borrower, the Administrative Agent, the replaced Swingline Lender (provided
that no consent of the replaced Swingline Lender will be required if the replaced Swingline Lender has no Swingline Loans outstanding) and the successor Swingline Lender. The Administrative Agent shall notify the Lenders of any such replacement
of the Swingline Lender. At the time any such replacement or resignation shall become effective, the applicable Borrowers shall prepay any outstanding Swing Line Loans made by the resigning or removed Swingline Lender. From and after the effective
date of any such replacement or resignation, (x) any successor Swingline Lender shall have all the rights and obligations of a Swingline Lender under this Agreement with respect to Swingline Loans made thereafter and (y) references herein
to the term “Swingline Lender” shall be deemed to refer to such successor or to any previous Swingline Lender, or to such successor and all previous Swingline Lenders, as the context shall require. 

Section 2.04. Letters of Credit. 

(a) General. Subject to the terms and conditions set forth herein the Applicable Administrative Borrower, on behalf of any Borrower, for
its own benefit or for the benefit of any Wholly Owned Subsidiary, may request the issuance of (x) subject to the ability of the relevant Issuing Bank to issue the same, trade letters of credit in support of trade obligations of Holdings and
its Wholly Owned Subsidiaries incurred in the ordinary course of business (such letters of credit issued for such purposes, “Trade Letters of Credit”) and (y) standby letters of credit issued for any other lawful purposes of
Holdings and its Wholly Owned Subsidiaries (other than to support the incurrence of Indebtedness for borrowed money by Holdings and its Wholly Owned Subsidiaries) (such letters of credit issued for such purposes, “Standby Letters of
Credit”) for its own account or for the account of any Wholly Owned Subsidiary in a form reasonably acceptable to the applicable Issuing Bank, at any time and from time to time during the Availability Period and prior to the date that is 5
Business Days prior to the Final Maturity Date. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by the Lead
Borrower to, or entered into by the Lead Borrower with, an Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. Unless otherwise expressly agreed by the Issuing Bank and the Lead Borrower, when a
Letter of Credit is issued, (i) the rules of the International Standby Practices shall apply to each Standby Letter of Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary Credits, as most recently published by
the International Chamber of Commerce at the time of issuance, shall apply to each Trade Letter of Credit. “Letters of Credit” shall include Trade Letters of Credit and Standby Letters of Credit. For the avoidance of doubt, Citi shall be
under no obligation to issue Trade Letters of Credit. 
 (b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To
request the issuance of a Letter of Credit (or the amendment, renewal (other than an automatic extension in accordance with paragraph (c) of this Section) or extension of an outstanding Letter of Credit), the Applicable Administrative Borrower
shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the applicable Issuing Bank) to the applicable Issuing Bank and the Administrative Agent (three Business Days in advance of
the requested date of issuance, amendment or extension or such shorter period as the Administrative Agent and the Issuing Bank in their sole discretion may agree) a Letter of Credit Request identifying the Letter of Credit to be amended or extended,
and specifying the date of issuance, amendment or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount and currency (which may be
Dollars or an Alternate Currency) of such Letter of Credit, the name and address of the beneficiary thereof and whether such Letter of Credit constitutes a Standby Letter of Credit or a Trade Letter of Credit. If requested by the applicable Issuing
Bank, the Applicable Administrative Borrower also shall submit (i) a letter of credit application on such Issuing Bank’s standard form in connection with any request for a Letter of Credit and (ii) such other information as shall be
necessary to issue, amend or extend such Letter of Credit. A Letter of Credit shall be issued, amended or extended only if (and upon issuance, amendment or extension of each Letter of Credit the Lead Borrower shall be deemed to represent and warrant
that), after giving effect to such issuance, amendment or extension (i) the Revolving L/C Exposure shall not exceed the Letter of 

  
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Credit Sublimit, (ii) the issuance of the Letter of Credit will not result in (A) with respect to any Letter of Credit requested by any U.S. Borrower, clauses (a) and (b) of the
Availability Conditions not being met or (B) with respect to any Letter of Credit issued by any U.K. Borrower, clauses (a) and (c) of the Availability Conditions not being met, and (iii) no Alternate Currency Letter of Credit shall be
issued if, after giving effect thereto, the aggregate amount of L/C Exposure with respect to all Alternate Currency Letters of Credit would exceed $30 million. 

(c) Expiration Date. Each Standby Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date
that is one year (unless otherwise agreed upon by the Administrative Agent and the relevant Issuing Bank in their sole discretion) after the date of the issuance of such Standby Letter of Credit (or, in the case of any renewal or extension thereof,
one year (unless otherwise agreed upon by the Administrative Agent and the relevant Issuing Bank in their sole discretion) after such renewal or extension) and (ii) the date that is five Business Days prior to the Final Maturity Date;
provided, that any Standby Letter of Credit with one year tenor may provide for automatic extension thereof for additional one-year periods (which, in no event, shall extend beyond the date referred to
in clause (ii) of this paragraph (c)) so long as such Standby Letter of Credit permits the Issuing Bank to prevent any such extension at least once in each twelve-month period (commencing with the date of issuance of such Standby Letter of
Credit) by giving prior notice to the beneficiary thereof within a time period during such twelve-month period to be agreed upon at the time such Standby Letter of Credit is issued; provided, further, that if the Issuing Bank and the
Administrative Agent each consent in their sole discretion, the expiration date on any Standby Letter of Credit may extend beyond the date referred to in clause (ii) above, provided, that (x) if any such Standby Letter of Credit is
outstanding or is issued after the date that is 30 days prior to the Final Maturity Date, the Applicable Administrative Borrower shall provide cash collateral pursuant to documentation reasonably satisfactory to the Administrative Agent and the
relevant Issuing Bank in an amount equal to 105% of the face amount of each such Standby Letter of Credit or provide a back- to-back letter of credit, in form and substance and from an issuing bank
satisfactory to the relevant Issuing Bank on or prior to the date that is 30 days prior to the Final Maturity Date or, if later, such date of issuance and (y) each Lender’s participation in any undrawn Letter of Credit that is outstanding
on the Final Maturity Date shall terminate on the Final Maturity Date. Each Trade Letter of Credit shall expire on the earlier of (x) 180 days after such Trade Letter of Credit’s date of issuance or (y) the date that is five Business Days
prior to the Final Maturity Date. 
 (d) Participations. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit
increasing the amount thereof) and without any further action on the part of the applicable Issuing Bank or Lender, such Issuing Bank hereby grants to each Lender, and each Lender hereby acquires from such Issuing Bank, a participation in such
Letter of Credit equal to such Lender’s Pro Rata Percentage of the aggregate amount available to be drawn under such Letter of Credit (calculated, in the case of Alternate Currency Letters of Credit, based on the Dollar Equivalent thereof). In
consideration and in furtherance of the foregoing, each Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the applicable Issuing Bank, in Dollars, such Lender’s Pro Rata Percentage of
each L/C Disbursement made by such Issuing Bank and not reimbursed by the Lead Borrower on the date due as provided in paragraph (e) of this Section, or of any reimbursement payment required to be refunded to the Lead Borrower for any reason
(calculated, in the case of any Alternate Currency Letter of Credit, based on the Dollar Equivalent thereof). Each Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of
Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or Event of Default or reduction or
termination of the Commitments or the fact that, as a result of changes in currency exchange rates, such Lender’s Global Exposure at any time might exceed its Commitment at such time and that each such payment shall be made without any offset,
abatement, withholding or reduction whatsoever. 
 (e) Reimbursement. If the applicable Issuing Bank shall make any L/C Disbursement
in respect of a Letter of Credit, the relevant Borrower shall reimburse such L/C Disbursement by paying to the Administrative Agent an amount in Dollars equal to such L/C Disbursement (or, in the case of an Alternate Currency Letter of Credit, the
Dollar Equivalent thereof in such Alternate Currency) not later than 2:00 p.m., Local Time, on the next Business Day after the Lead Borrower receives notice under paragraph (g) of this Section of such L/C Disbursement, together with accrued
interest thereon from the date of such L/C Disbursement at the rate applicable to ABR Loans; provided, that the relevant Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03 that
such payment be financed with an ABR Borrowing or a Swingline Loan in an equivalent amount and, to the extent so financed, the relevant Borrower’s obligation to make 

  
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such payment shall be discharged and replaced by the resulting ABR Borrowing or Swingline Loan. If the relevant Borrower fails to reimburse any L/C Disbursement when due, then the Administrative
Agent shall promptly notify the applicable Issuing Bank and each other Lender of the applicable L/C Disbursement, the payment then due from the relevant Borrower in respect thereof and, in the case of a Lender, such Lender’s Pro Rata Percentage
thereof. Promptly following receipt of such notice, each Lender shall pay to the Administrative Agent in Dollars (or, in the case of an Alternate Currency Letter of Credit, the Dollar Equivalent thereof in such Alternate Currency) its Pro Rata
Percentage of the payment then due from the relevant Borrower in the same manner as provided in Section 2.05 with respect to Loans made by such Lender (and Section 2.05 shall apply, mutatis mutandis, to the payment obligations of the
Lenders), and the Administrative Agent shall promptly pay to the applicable Issuing Bank the amounts so received by it from the Lenders. Promptly following receipt by the Administrative Agent of any payment from the relevant Borrower pursuant to
this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Lenders and such Issuing
Bank as their interests may appear. Any payment made by a Lender pursuant to this paragraph to reimburse an Issuing Bank for any L/C Disbursement (other than the funding of an ABR Loan as contemplated above) shall not constitute a Loan and shall not
relieve the relevant Borrower of its obligation to reimburse such L/C Disbursement. 
 (f) Obligations Absolute. The obligation of the
relevant Borrower to reimburse L/C Disbursements as provided in paragraph (e) of this Section shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all
circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit
proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by the applicable Issuing Bank under a Letter of Credit against presentation of a draft or other
document that does not comply with the terms of such Letter of Credit or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or
equitable discharge of, or provide a right of setoff against, the relevant Borrower’s obligations hereunder. Neither the Administrative Agent, the Lenders nor any Issuing Bank, nor any of their Related Parties, shall have any liability or
responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any
error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in
interpretation of technical terms or any consequence arising from causes beyond the control of such Issuing Bank, or any of the circumstances referred to in clauses (i), (ii) or (iii) of the first sentence; provided, that the foregoing
shall not be construed to excuse the applicable Issuing Bank from liability to the relevant Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by the relevant Borrower to
the extent permitted by applicable law) suffered by the relevant Borrower that are determined by a decision of a court of competent jurisdiction to have been caused by such Issuing Bank’s failure to exercise care when determining whether drafts
and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of the applicable Issuing Bank, such Issuing Bank
shall be deemed to have exercised care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in
substantial compliance with the terms of a Letter of Credit, the applicable Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or
information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 

(g) Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting
to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Lead Borrower in writing of any such demand for payment under a Letter of Credit and whether such Issuing Bank has
made or will make an L/C Disbursement thereunder; provided, that any failure to give or delay in giving such notice shall not relieve the relevant Borrower of its obligation to reimburse such Issuing Bank and/or the Lenders with respect to
any such L/C Disbursement. 

  
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 (h) Interim Interest. If an Issuing Bank shall make any L/C Disbursement, then,
unless the relevant Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but
excluding the date that the relevant Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to ABR Borrowings; provided, that, if such L/C Disbursement is not reimbursed by the relevant Borrower when due pursuant to
paragraph (e) of this Section, then Section 2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any
Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment. 

(i) Replacement of an Issuing Bank. An Issuing Bank may be replaced at any time by written agreement among the Lead Borrower, the
Administrative Agent, the replaced Issuing Bank and the successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of an Issuing Bank. At the time any such replacement shall become effective, the relevant
Borrower shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 2.10. From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and
obligations of the replaced Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to such successor or to any
previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require. After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the
rights and obligations of such Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement but shall not be required to issue additional Letters of Credit. 

(j) Cash Collateralization. If any Event of Default shall occur and be continuing, (i) in the case of an Event of Default described
in Section 7.01(h) or (i), on the Business Day or (ii) in the case of any other Event of Default, on the third Business Day, in each case, following the date on which the Lead Borrower receives notice from the Administrative Agent (or, if
the maturity of the Loans has been accelerated, the Required Lenders) demanding the deposit of cash collateral pursuant to this paragraph, the relevant Borrower shall deposit in an account with or at the direction of the Administrative Agent, in the
name of the Administrative Agent and for the benefit of the Lenders, an amount in cash in Dollars equal to the Revolving L/C Exposure as of such date plus any accrued and unpaid interest thereon; provided, that upon the occurrence of
any Event of Default with respect to the Lead Borrower described in clause (h) or (i) of Section 7.01, the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and
payable, without demand or other notice of any kind. Each such deposit pursuant to this paragraph shall be held by the Collateral Agent as collateral for the payment and performance of the obligations of the relevant Borrower under this Agreement.
The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and
sole discretion of (i) for so long as an Event of Default shall be continuing, the Administrative Agent and (ii) at any other time, the Lead Borrower, in each case, in Permitted Investments and at the risk and expense of the Lead Borrower,
such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the Administrative Agent to reimburse each Issuing Bank for L/C Disbursements for
which such Issuing Bank has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the relevant Borrower for the Revolving L/C Exposure at such time or, if the maturity of the
Loans has been accelerated (but subject to the consent of the Required Lenders), be applied to satisfy other obligations of the relevant Borrower under this Agreement. If the relevant Borrower is required to provide an amount of cash collateral
hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the relevant Borrower within three Business Days after all Events of Default have been cured or waived. 

(k) Appointment of Issuing Banks. From time to time, the Lead Borrower may by notice to the Administrative Agent designate any Lender
that may agree (in its sole discretion) to act in such capacity and is reasonably satisfactory to the Administrative Agent as an Issuing Bank. Each such initial or additional Issuing Bank shall execute a counterpart of this Agreement upon the
approval of the Administrative Agent (which approval shall not be unreasonably withheld) and shall thereafter be an Issuing Bank hereunder for all purposes. The Lead Borrower can, in its sole discretion, request the issuance of a Letter of Credit
from any Issuing Bank. 

  
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 (l) Reporting. Unless otherwise requested by the Administrative Agent, each Issuing
Bank shall (i) provide to the Administrative Agent copies of any notice received from the Lead Borrower pursuant to Section 2.04(b) no later than the next Business Day after receipt thereof and (ii) report in writing to the
Administrative Agent (A) on or prior to each Business Day on which such Issuing Bank expects to issue, amend or extend any Letter of Credit, the date of such issuance, amendment or extension, and the aggregate face amount of the Letters of
Credit to be issued, amended or extended by it and outstanding after giving effect to such issuance, amendment or extension occurred (and whether the amount thereof changed), and the Issuing Bank shall be permitted to issue, amend or extend such
Letter of Credit if the Administrative Agent shall not have advised the Issuing Bank that such issuance, amendment or extension would not be in conformity with the requirements of this Agreement, (B) on each Business Day on which such Issuing
Bank makes any L/C Disbursement, the date of such L/C Disbursement and the amount of such L/C Disbursement and (C) on any other Business Day, such other information with respect to the outstanding Letters of Credit issued by such Issuing Bank
as the Administrative Agent shall reasonably request, including but not limited to prompt verification of such information as may be requested by the Administrative Agent. Upon request from time to time by any Lender, the Administrative Agent shall
provide information with respect to the current amount of Letters of Credit outstanding. 
 Section 2.05. Funding of
Borrowings. 
 (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of
immediately available funds by 12:00 noon, Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the applicable
Borrower by promptly crediting the amounts so received, in like funds, to an account of the applicable Borrower as specified in the Borrowing Request; provided, that ABR Loans made to finance the reimbursement of an L/C Disbursements and
reimbursements as provided in Section 2.04(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank. 
 (b)
Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative
Agent may assume that such Lender has made such share available on such date in accordance with this Section and may, in reliance upon such assumption, make available to the applicable Borrower a corresponding amount. In such event, if a Lender has
not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the relevant Borrower severally agree to pay to the Administrative Agent forthwith on demand (without duplication) such
corresponding amount with interest thereon, for each day from and including the date such amount is made available to the applicable Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender,
the greater of (A) the Federal Funds Rate and (B) a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation or (ii) in the case of a Borrower, the interest rate applicable to ABR
Loans at such time. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing. 

Section 2.06. Interest Elections. 

(a) Each Borrowing initially shall be of the Type and Class specified in the applicable Borrowing Request and, in the case of a
Eurocurrency Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Applicable Administrative Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in
the case of a Eurocurrency Borrowing, may elect Interest Periods therefor, all as provided in this Section. The Applicable Administrative Borrower may elect different options with respect to different portions of the affected Borrowing, in which
case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loans,
which may not be converted or continued. 
 (b) To make an election pursuant to this Section, the Applicable Administrative Borrower shall
notify the Administrative Agent of such election by electronic communications or telecopy of a written Interest Election Request in the form of Exhibit D and signed by the Applicable Administrative Borrower, by the time that a Borrowing
Request would be required under Section 2.03 if the Applicable Administrative Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such written Interest Election
Request shall be irrevocable. 

  
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 (c) Each written Interest Election Request shall be irrevocable and shall specify the
following information in compliance with 
 i. the Borrowing to which such Interest Election Request applies and, if different options are
being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be specified for each
resulting Borrowing); 
 ii. the effective date of the election made pursuant to such Interest Election Request, which shall be a Business
Day; 
 iii. whether the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing; 

iv. the currency of the resulting Borrowing; and 

v. if the resulting Borrowing is a Eurocurrency Borrowing, the Interest Period to be applicable thereto after giving effect to such election,
which shall be a period contemplated by the definition of the term “Interest Period.” 
 If any such Interest Election Request requests a
Eurocurrency Borrowing but does not specify an Interest Period, then the Applicable Administrative Borrower shall be deemed to have selected an Interest Period of one month’s duration. 

(d) Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender to which such Interest
Election Request relates of the details thereof and of such Lender’s portion of each resulting Borrowing. 
 (e) If the Applicable
Administrative Borrower fails to deliver a timely Interest Election Request with respect to a Eurocurrency Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of
such Interest Period such Borrowing shall be converted to an ABR Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the written request (including a
request through electronic means) of the Required Lenders, so notifies the Applicable Administrative Borrower, then, so long as an Event of Default is continuing (i) no outstanding Borrowing may be converted to or continued as a Eurocurrency
Borrowing and (ii) unless repaid, each Eurocurrency Borrowing denominated in Dollars shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto. 

Section 2.07. Termination and Reduction of Commitments. 

(a) Unless previously terminated, the Commitments shall terminate on the Maturity Date. 

(b) The Applicable Administrative Borrower may at any time terminate, or from time to time reduce, the Commitments; provided, that
(i) each reduction of the Commitments shall be in an amount that is an integral multiple of $1.0 million and not less than $5.0 million (or, if less, the remaining amount of the Commitments) and (ii) the Applicable Administrative
Borrower shall not terminate or reduce the Commitments unless, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.09, the Availability Conditions will be satisfied and no Cash Dominion Period will be
triggered as a result therefrom. 
 (c) The Applicable Administrative Borrower shall notify the Administrative Agent of any election to
terminate or reduce the Commitments under paragraph (b) of this Section at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof.

  
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Promptly following receipt of any notice, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each notice delivered by the Applicable Administrative Borrower
pursuant to this Section shall be irrevocable; provided, that a notice of termination of the Commitments delivered by the Applicable Administrative Borrower may state that such notice is conditioned upon the effectiveness of other credit
facilities or other transactions, in which case such notice may be revoked by the Applicable Administrative Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any
termination or reduction of the Commitments shall be permanent. Each reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective Pro Rata Percentage. 

Section 2.08. Repayment of Loans; Evidence of Debt. 

(a) Holdings and the U.S. Borrowers, jointly and severally, hereby unconditionally promise to pay (i) to the Administrative Agent for the
account of each Lender the then unpaid principal amount of each U.S. Loan (other than a Swingline Loan) to the U.S. Borrowers on the Maturity Date and (ii) to the Swingline Lender, the then unpaid principal amount of each Swingline Loan on the
earlier of (i) the date that is ten (10) Business Days after written request from the Swingline Lender and (y) the Maturity Date. 

(b) The Loan Parties, jointly and severally, hereby unconditionally promise to pay to the Administrative Agent for the account of each Lender
the then unpaid principal amount of each U.K. Loan to the U.K. Borrowers on the Maturity Date. 
 (c) Each Lender shall maintain in
accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrowers to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from
time to time hereunder. 
 (d) The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan
made hereunder, the Class thereof and Type thereof and the Interest Period (if any) applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrowers to each Lender hereunder
and (iii) any amount received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. 

(e) The entries made in the accounts maintained pursuant to paragraph (c) or (d) of this Section shall be prima facie evidence of
the existence and amounts of the obligations recorded therein; provided, that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrowers
to repay the Loans in accordance with the terms of this Agreement. 
 (f) Any Lender may request that Loans made by it be evidenced by a
promissory note (a “Note”). In such event, the Borrowers shall prepare, execute and deliver to such Lender a promissory note payable to such Lender and its registered assigns and in a form approved by the Administrative Agent and
reasonably acceptable to the Lead Borrower. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in
such form payable to the order of the payee named therein and its registered assigns. 
 Section 2.09. Prepayment of
Loans. 
 (a) The applicable Borrower shall have the right at any time and from time to time to prepay any Loan in whole or in part,
without premium or penalty (but subject to Section 2.14), in an aggregate principal amount that is an integral multiple of the Borrowing Multiple and not less than the Borrowing Minimum or, if less, the amount outstanding, subject to prior
notice in accordance with Section 2.09(g), which notice shall be irrevocable except to the extent conditioned on a refinancing of all or any portion of the ABL Facility or the consummation of any other transaction. 

(b) If at any time a U.K. Overadvance Amount exists (other than as a result of any Protective Advance), the U.K. Borrowers shall promptly, and
in any event within five (5) Business Days, prepay the applicable Borrowings (or, if no such Borrowings are outstanding, deposit cash collateral in an account with the Administrative Agent pursuant to Section 2.04(j)), in an aggregate
amount equal to such U.K. Overadvance Amount. 

  
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 (c) If at any time a U.S. Overadvance Amount exists (other than as a result of any
Protective Advance), the Applicable Administrative Borrower shall, promptly, and in any event within five (5) Business Days, prepay the applicable Borrowings (or, if no such Borrowings are outstanding, deposit cash collateral in an account with
the Administrative Agent pursuant to Section 2.04(j)), in an amount equal to such U.S. Overadvance Amount. 
 (d) In the event and on
such occasion that the Global Exposure exceeds the Global Line Cap, the relevant Borrowers shall prepay the Borrowings (or, if no such Borrowings are outstanding, deposit cash collateral in an account with the Administrative Agent pursuant to
Section 2.04(j)) in an aggregate amount equal to such excess. 
 (e) In the event and on such occasion as the Revolving L/C Exposure
exceeds the Letter of Credit Sublimit, the relevant Borrower shall deposit cash collateral in an account with the Administrative Agent pursuant to Section 2.04(j) in an amount equal to such excess. 

(f) If as a result of changes in currency exchange rates, on any Revaluation Date, (i) the total U.K. Exposure exceeds the U.K. Line Cap,
(ii) the Revolving L/C Exposure exceeds the Letter of Credit Sublimit or (iii) the Revolving L/C Exposure with respect to all Alternate Currency Letters of Credit exceeds $30 million, the relevant Borrower shall within 5 days of such
Revaluation Date (A) prepay U.K. Loans or (B) deposit cash collateral in an account with the Administrative Agent pursuant to Section 2.04(j), in an aggregate amount such that the applicable exposure does not exceed the applicable
commitment, sublimit or amount set forth above. 
 (g) Prior to any repayment or prepayment of any Loans, the Applicable Administrative
Borrower shall select the Borrowing or Borrowings to be repaid (provided that prepayment of Loans shall be applied first to reduce outstanding ABR Loans) and shall notify the Administrative Agent in writing of such selection not later than
1:00 p.m., Local Time, (i) in the case of an ABR Borrowing, one Business Day before the scheduled date of such repayment and (ii) in the case of a Eurocurrency Borrowing, three Business Days before the scheduled date of such repayment. In
accordance with paragraph (h) below, each repayment of a Borrowing shall be applied to the Loans included in the repaid Borrowing such that each Lender receives its ratable share of such repayment (based upon the respective Global Exposures of
the Lenders at the time of such repayment). Repayments of Eurocurrency Borrowings shall be accompanied by accrued interest on the amount repaid. 

(h) Unless during a Cash Dominion Period, all mandatory prepayments shall be applied as follows: first, to the principal balance of the
Loans subject to such mandatory prepayment until the same have been prepaid in full; and second, to cash collateralize all Letters of Credit plus any accrued and unpaid interest thereon (to be held and applied in accordance with Section 2.04
(j) hereof). 
 Section 2.10. Fees. 

(a) The Lead Borrower agrees to pay, or cause to be paid, to each Lender (other than any Defaulting Lender), through the Administrative Agent,
no later than five (5) Business Days following the last calendar day of each March, June, September and December and on the date on which the Commitments of all the Lenders shall be terminated as provided herein and thereafter on demand, a
commitment fee (a “Commitment Fee”) equal to the Applicable Commitment Fee Rate multiplied by the average amount by which the Commitments (other than Commitments of a Defaulting Lenders) exceed the average daily balance of
outstanding Loans during the Availability Period, including the stated amount of outstanding Letters of Credit during any fiscal quarter. All Commitment Fees shall be payable in Dollars and shall be computed on the basis of the actual number of days
elapsed in a year of 360 days. The Commitment Fee due to each Lender shall commence to accrue on the Closing Date and shall cease to accrue on the date on which the last of the Commitments of such Lender shall be terminated as provided herein. 

  
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 (b) The Lead Borrower from time to time agrees to pay (i) to each Lender (other than
any Defaulting Lender), through the Administrative Agent, no later than five (5) Business Days following the last calendar day of each March, June, September and December and on the date on which the Commitments shall be terminated as provided
herein, a fee (an “L/C Participation Fee”) on such Lender’s Pro Rata Percentage of the daily aggregate Revolving L/C Exposure (excluding the portion thereof attributable to unreimbursed L/C Disbursements), during the preceding
quarter (or shorter period commencing with the Closing Date or ending with the Final Maturity Date or the date on which the Commitments shall be terminated) at the rate per annum equal to the Applicable Margin for Eurocurrency Borrowings effective
for each day in such period, it being agreed that, notwithstanding anything to the contrary in Section 1.03, in calculating the Dollar Equivalent amount of Alternate Currency Letters of Credit, the Administrative Agent may elect to employ the
Spot Rate determined on the date such L/C Participation Fees are determined retroactively to each day for which such L/C Participation Fee is calculated and (ii) to each Issuing Bank, for its own account (x) no later than five
(5) Business Days following the last calendar day of each March, June, September and December and the date on which the Commitments shall be terminated as provided herein, a fronting fee in respect of each Letter of Credit issued by such
Issuing Bank for the period from and including the date of issuance of such Letter of Credit to and including the termination of such Letter of Credit (computed at a rate equal to 0.125% per annum of the daily stated amount of such Letter of
Credit), plus (y) in connection with the issuance, amendment or transfer of any such Letter of Credit or any L/C Disbursement thereunder, such Issuing Bank’s customary documentary and processing fees and charges (collectively,
“Issuing Bank Fees”). All L/C Participation Fees and Issuing Bank Fees shall be payable in Dollars and shall be computed on the basis of the actual number of days elapsed in a year of 360 days. 

(c) The Lead Borrower shall pay (or cause to be paid) in cash to the Administrative Agent, for its own account, the fees set forth in the
Administrative Agent Fee Letter. 
 (d) All Fees with respect to which a payment date is not otherwise specified herein shall be payable
quarterly in arrears no later than five (5) Business Days following the last calendar day of each March, June, September and December, in immediately available funds, to the Administrative Agent for distribution, if and as appropriate, among
the Lenders, except that Issuing Bank Fees shall be paid directly to the applicable Issuing Banks. Once paid, none of the Fees shall be refundable under any circumstances. 

(e) It is understood and agreed that the payment by the Lead Borrower of the fees required by this Section 2.10 (on behalf of itself
and/or any other Borrower) is permitted under the Credit Agreement without requiring use of any carve-out from any provision of Article 6. 

Section 2.11. Interest. 

(a) The Loans comprising each ABR Borrowing shall bear interest at the ABR plus the Applicable Margin. 

(b) The Loans comprising each Eurocurrency Borrowing shall bear interest at the Adjusted Eurocurrency Rate for the Interest Period in effect
for such Borrowing plus the Applicable Margin. 
 (c) For so long as any Event of Default shall have occurred and be continuing under
Section 7.01(b), (c), (h) or (i), upon notice of the Administrative Agent (at the direction of the Required Lenders) to the Lead Borrower, (i) any overdue Loan shall bear interest at a rate per annum equal to 2% plus the rate
otherwise applicable to such Loan as provided in the preceding paragraphs of this Section or (ii) in the case of any other overdue amount (including, but not limited to, fees to be paid under the Loan Documents), such other overdue amount shall
bear interest at a rate per annum equal to 2% plus the rate applicable to Loans as provided in paragraph (a) of this Section. 

(d) Accrued interest on each Loan shall be payable in arrears (i) on each Interest Payment Date for such Loan, (ii) on the earlier of
(A) the termination of all of the Commitments and (B) the Maturity Date and (iii) on the date of each prepayment or repayment of such Loans; provided, that (x) interest accrued pursuant to paragraph (c) of this
Section shall be payable on demand, (y) in the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Loan prior to the end of the Availability Period), accrued interest on the principal amount repaid or prepaid
shall be payable on the date of such repayment or prepayment and (z) in the event of any conversion of any Eurocurrency Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the
effective date of such conversion. 

  
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 (e) All interest hereunder shall be computed on the basis of a year of 360 days, except that
interest computed by reference to the ABR shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last
day). The applicable ABR, Adjusted Eurocurrency Rate or Eurocurrency Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error. 

Section 2.12. Alternate Rate of Interest. (a) If prior to the commencement of any Interest Period for a Eurocurrency
Borrowing: 
 i. the Administrative Agent determines (which determination shall be conclusive absent manifest error) or the Required Lenders
notify the Administrative Agent (with a copy to the Lead Borrower) that adequate and reasonable means do not exist for ascertaining the Adjusted Eurocurrency Rate or the Eurocurrency Rate, as applicable, for such Interest Period; or 

ii. the Administrative Agent is advised by the Required Lenders that the Adjusted Eurocurrency Rate or the Eurocurrency Rate, as applicable,
for such Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included in such Borrowing for such Interest Period; then the Administrative Agent shall give notice thereof to the Lead
Borrower and the Lenders by telephone or telecopy as promptly as practicable thereafter and, until the Administrative Agent notifies the Lead Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any
Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Eurocurrency Borrowing denominated in such currency shall be ineffective and such Borrowing shall be converted to or continued as an
ABR Borrowing without the utilization of the Adjusted Eurocurrency Rate component in determining the ABR Rate on the last day of the Interest Period applicable thereto, and (ii) if any Borrowing Request requests a Eurocurrency Borrowing, such
Borrowing shall be made as an ABR Borrowing without the utilization of the Adjusted Eurocurrency Rate component in determining the ABR Rate. 

(b) If at any time the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (i) the
circumstances set forth in clause (a) have arisen and such circumstances are unlikely to be temporary or (ii) the circumstances set forth in clause (a) have not arisen but (w) the supervisor for the administrator of the
applicable Eurocurrency Rate has made a public statement that the administrator of the applicable Eurocurrency Rate is insolvent (and there is no successor administrator that will continue publication of the applicable Eurocurrency Rate), (x) the
administrator of the applicable Eurocurrency Rate has made a public statement identifying a specific date after which the applicable Eurocurrency Rate will permanently or indefinitely cease to be published by it (and there is no successor
administrator that will continue publication of the applicable Eurocurrency Rate), (y) the supervisor for the administrator of the applicable Eurocurrency Rate has made a public statement identifying a specific date after which the applicable
Eurocurrency Rate will permanently or indefinitely cease to be published or (z) the supervisor for the administrator of the applicable Eurocurrency Rate or a Governmental Authority having jurisdiction over the Administrative Agent has made a
public statement identifying a specific date after which the applicable Eurocurrency Rate may no longer be used for determining interest rates for loans, then the Administrative Agent and the Applicable Administrative Borrower shall select a
comparable successor rate, and will promptly so notify each Lender. The Administrative Agent and the Lead Borrower shall enter into an amendment to this Agreement to reflect such alternate rate of interest and such other related changes to this
Agreement as may be applicable; provided that, if such alternate rate of interest shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement. 

(c) Notwithstanding anything to the contrary in Section 9.08, such amendment shall become effective without any further action or consent
of any other party to this Agreement so long as the Administrative Agent shall not have received, within five (5) Business Days of the date notice of such alternate rate of interest is provided to the Lenders, a written notice from the Required
Lenders stating that such Required Lenders object to such amendment. Until an alternate rate of interest shall be determined in accordance with this clause (c) (but, in the case of the circumstances described in clause (ii) of
Section 2.12(b), only to the extent the applicable Eurocurrency Rate for such Interest Period is not available or published at such time on a current basis), all Borrowings shall be converted to or continued as on the last day of the Interest
Period applicable thereto as an ABR Loan without the utilization of the Adjusted Eurocurrency Rate component in determining the ABR Rate. 

  
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 Section 2.13. Increased Costs. 

(a) If any Change in Law shall: 

i. impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account
of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted Eurocurrency Rate) or Issuing Bank; 

ii. subject any Lender or Issuing Bank to any additional Taxes (other than (A) Indemnified Taxes and Other Taxes indemnified under
Section 2.15 and (B) Excluded Taxes); or 
 iii. impose on any Lender or Issuing Bank or the London interbank or other applicable
offshore interbank market any other condition affecting this Agreement or Eurocurrency Loans made by such Lender or any Letter of Credit or participation therein, 

and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any Eurocurrency Loan (or of maintaining its
obligation to make any such Loan) or to increase the cost to such Lender or Issuing Bank of participating in, issuing or maintaining any Letter of Credit or to reduce the amount of any sum received or receivable by such Lender or Issuing Bank
hereunder (whether of principal, interest or otherwise), then the relevant Borrowers will pay to such Lender or Issuing Bank, as applicable, such additional amount or amounts as will compensate such Lender or Issuing Bank, as applicable, for such
additional costs incurred or reduction suffered. 
 (b) If any Lender or Issuing Bank determines that any Change in Law affecting such Lender
or Issuing Bank or any lending office of such Lender or such Lender’s or Issuing Bank’s holding company, if any, regarding capital and liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s
or Issuing Bank’s capital or on the capital of such Lender’s or Issuing Bank’s holding company, if any, as a consequence of this Agreement or the Loans made by, or participations in Letters of Credit held by, such Lender, or the
Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration
such Lender’s or such Issuing Bank’s policies and the policies of such Lender’s or such Issuing Bank’s holding company with respect to capital adequacy and liquidity), then from time to time the relevant Borrowers shall pay to
such Lender or such Issuing Bank, as applicable, such additional amount or amounts as will compensate such Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company for any such reduction suffered. 

(c) A certificate of a Lender or an Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or Issuing Bank or its
holding company, as applicable, as specified in paragraph (a) or (b) of this Section shall be delivered to the Lead Borrower and shall be conclusive absent manifest error. The relevant Borrowers shall pay such Lender or Issuing Bank, as
applicable, the amount shown as due on any such certificate within 10 days after receipt thereof. 
 (d) Promptly after any Lender or any
Issuing Bank has determined that it will make a request for increased compensation pursuant to this Section 2.13, such Lender or Issuing Bank shall notify the Lead Borrower thereof. Failure or delay on the part of any Lender or Issuing Bank to
demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s or Issuing Bank’s right to demand such compensation; provided, that the relevant Borrowers shall not be required to compensate a Lender or
an Issuing Bank pursuant to this Section for any increased costs or reductions incurred more than 180 days prior to the date that such Lender or Issuing Bank, as applicable, notifies the Lead Borrower of the Change in Law giving rise to such
increased costs or reductions and of such Lender’s or Issuing Bank’s intention to claim compensation therefor; provided, further, that, if the Change in Law giving rise to such increased costs or reductions is retroactive,
then the 180 day period referred to above shall be extended to include the period of retroactive effect thereof. 

  
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 Section 2.14. Break Funding Payments. In the event of (a) the
payment of any principal of any Eurocurrency Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurocurrency Loan other than on the last day of the
Interest Period applicable thereto or (c) the assignment of any Eurocurrency Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the Applicable Administrative Borrower pursuant to
Section 2.17, then, in any such event, the relevant Borrowers shall compensate each Lender for the loss, cost and expense attributable to such event. In the case of a Eurocurrency Loan, such loss, cost or expense to any Lender shall be deemed
to be the amount determined by such Lender (it being understood that the deemed amount shall not exceed the actual amount) to be the excess, if any, of (i) the amount of interest which would have accrued on the principal amount of such Loan had
such event not occurred, at the Adjusted Eurocurrency Rate that would have been applicable to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor, over (ii) the amount of interest
which would accrue on such principal amount for such period at the interest rate which such Lender would bid were it to bid, at the commencement of such period, for deposits in dollars of a comparable amount and period from other banks in the
Eurocurrency market. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section shall be delivered to the Applicable Administrative Borrower and shall be conclusive absent
manifest error. The relevant Borrowers shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. 

Section 2.15. Taxes. 

(a) Any and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be made free and clear of and
without deduction for any Taxes, except where required by applicable law (as determined in the good faith discretion of the applicable withholding agent). If any applicable withholding agent shall be required by applicable law to deduct any Taxes
from such payments, then (i) to the extent the deduction is on account of Indemnified Taxes or Other Taxes, the sum payable by the applicable Loan Party shall be increased as necessary so that after making all required deductions (including
deductions applicable to additional sums payable under this Section 2.15) the Administrative Agent, the Collateral Agent, any Lender or any Issuing Bank, as applicable, receives an amount equal to the sum it would have received had no such
deductions been made, (ii) the applicable withholding agent shall make such deductions and (iii) the applicable withholding agent shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with
applicable law. 
 (b) In addition, the Loan Parties shall timely pay any Other Taxes to the relevant Governmental Authority in accordance
with applicable law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes. 
 (c) Unless an
additional amount has been paid under Section 2.15(a), each applicable Loan Party shall indemnify the Administrative Agent, each Lender and each Issuing Bank, within 10 days after written demand therefor, for the full amount of any Indemnified
Taxes payable by the Administrative Agent, such Lender or such Issuing Bank, as applicable, on or with respect to any payment by or on account of any obligation of such Loan Party under any Loan Document and any Other Taxes payable by the
Administrative Agent, such Lender or such Issuing Bank, as applicable, (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section 2.15) and any reasonable expenses arising therefrom
or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to such Loan
Party by a Lender or an Issuing Bank, or by the Administrative Agent on its own behalf, on behalf of another Agent or on behalf of a Lender or an Issuing Bank, shall be conclusive absent manifest error. 

(d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes by a Loan Party to a Governmental Authority pursuant to this
Section 2.15, such Loan Party shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence
of such payment reasonably satisfactory to the Administrative Agent. 
 (e) Any Lender or Issuing Bank that is entitled to an exemption from
or reduction of withholding Tax or backup withholding Tax with respect to payments under any Loan Document shall deliver to the Lead Borrower (with a copy to the Administrative Agent) (or, in the case of UK withholding Tax, shall submit to the
relevant Governmental Authority, as applicable, with a copy to the Lead Borrower and the Administrative Agent), to the extent such Lender or Issuing Bank is legally eligible to do so, at the time or times prescribed by applicable law,

  
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such properly completed and executed documentation prescribed by applicable law, or as may reasonably be requested by the Lead Borrower or the Administrative Agent to permit such payments to be
made without such withholding Tax or at a reduced rate of withholding. In addition, each Lender and Issuing Bank shall deliver such forms, if legally eligible to deliver such forms, promptly upon the obsolescence, expiration or invalidity of any
form previously delivered by such Lender or Issuing Bank. Each Lender and Issuing Bank shall promptly notify the Lead Borrower and the Administrative Agent at any time it determines that it is no longer in a position to provide any previously
delivered certificate (or any other form of certification adopted by the United States or other taxing authorities for such purpose). 
 (f)
Without limiting the generality of Section 2.15(e) above: 
 (A) Each Foreign Lender shall deliver to the Lead Borrower and the
Administrative Agent on or before the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Lead Borrower or the Administrative Agent or as otherwise required by
applicable law), two (2) executed originals, of whichever of the following is applicable: (i) duly completed Internal Revenue Service Form W-8BEN or W-8BEN-E, as applicable (or any subsequent versions thereof or successors thereto), claiming eligibility for benefits of an income tax treaty to which the United States is a party, (ii) duly completed
Internal Revenue Service Form W-8ECI (or any subsequent versions thereof or successors thereto), (iii) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under
section 871(h) or 881(c) of the Code, (x) a certificate substantially in the form of Exhibit F to the effect that such Foreign Lender is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the Code, (B) a
“10 percent shareholder” of the relevant Borrower within the meaning of section 871(h)(3) or 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in section 881(c)(3)(C) of the Code (a
“U.S. Tax Compliance Certificate”) and (y) duly completed copies of Internal Revenue Service Form W-8BEN or
W-8BEN-E, as applicable (or any subsequent versions thereof or successors thereto), (iv) to the extent a Foreign Lender is not the beneficial owner, duly completed
Internal Revenue Service Form W-8IMY, together with forms and certificates described in clauses (i) through (iii) above (and additional Form W-8IMYs and if
applicable, Form W-9) as may be required, provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the benefits of the
exemption for portfolio interest, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit F on behalf of each such direct and indirect partner, or (v) any other form prescribed by applicable
law as a basis for claiming exemption from or a reduction in United States federal withholding Tax duly completed together with such supplementary documentation as may be prescribed by applicable law to permit the Lead Borrower and the
Administrative Agent to determine the withholding or deduction required to be made. 
 (B) (i) If a payment made to a Lender under any Loan
Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as
applicable), such Lender shall deliver to the Lead Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Lead Borrower or the Administrative Agent such documentation
prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Lead Borrower or the Administrative Agent as may be necessary for the Lead Borrower and
the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for
purposes of this Section 2.15(f), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

(ii) Notwithstanding anything herein to the contrary, each Borrower hereby agrees that the Administrative Agent shall be entitled to make any
withholding or deduction from payments to the extent necessary to comply with FATCA for which the Administrative Agent shall not have liability. Each Borrower agrees to indemnify and hold harmless the Administrative Agent for any losses it may
suffer due to actions it takes to comply with FATCA. The terms of this section shall survive the termination of this Agreement and the resignation or removal of the Administrative Agent. 

  
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 (C) Each Lender that is not a Foreign Lender shall deliver to the Lead Borrower and the
Administrative Agent two (2) executed originals of Internal Revenue Service Form W-9 (or any subsequent versions thereof or successors thereto) on or before the date such Lender becomes a party and upon
the expiration of any form previously delivered by such Lender. 
 (D) Notwithstanding any other provision of this Section 2.15, a
Lender shall not be required to deliver any form pursuant to this section that such Lender is not legally eligible to deliver. 
 (g) Without
limiting the generality of Section 2.15(e) above: 
 (A) Each Lender shall opposite its name in Schedule 2.01 confirm to the
U.K. Borrowers and the Administrative Agent whether it is a Qualifying Lender as of the date of this Agreement and if so, which category of Qualifying Lender it falls into. Each Lender which becomes a party to a Loan Document after the date of this
Agreement shall indicate in the Assignment and Acceptance which it executes on becoming a party to this Agreement, for the benefit of the Administrative Agent and the U.K. Borrowers, whether it is a Qualifying Lender and, if so, which category of
Qualifying Lender it falls into. If an assignee fails to indicate its status in accordance with this Section 2.15 (g) then such assignee shall be treated for the purpose of this Agreement as if it is not a Qualifying Lender until such time as
it notifies the Administrative Agent which category applies (and the Administrative Agent, upon receipt of such notification, shall inform the U.K. Borrowers). For the avoidance of doubt, an Assignment and Acceptance shall not be invalidated by any
failure of an assignee to comply with this Section 2.15(g)(A). 
 (B) Subject to (C) below, each Lender and the U.K. Borrowers
shall cooperate in completing as soon as reasonably possible any procedural formalities necessary to obtain authorization for each U.K. Borrower to make payments of interest under the Loan Documents without withholding or deduction or subject to a
reduced rate of withholding or deduction for Taxes imposed under the laws of the United Kingdom and maintaining that authorization where an authorization expires or ceases to have effect. 

(C) (i) A Lender on the day on which this Agreement is entered into that holds a passport under the HMRC DT Treaty Passport scheme and wishes
such scheme to apply to this Agreement shall notify the U.K. Borrowers to that effect by confirming its scheme reference number and its jurisdiction of tax residence opposite its name in Schedule 2.01; and (ii) a Lender which becomes a
Lender after the day on which this Agreement is entered into that holds a passport under the HMRC DT Treaty Passport scheme and wishes such scheme to apply to this Agreement, shall notify the U.K. Borrowers to that effect by confirming its scheme
reference number and its jurisdiction of tax residence in the Assignment and Acceptance it executes to become a Lender. A Treaty Lender shall be deemed to have satisfied the requirements of Section 2.15(e) in respect of withholding Tax imposed
by the United Kingdom if it has confirmed its scheme reference number and jurisdiction of tax residence in accordance with this Section 2.15(g)(C), for so long as such scheme reference number remains valid. 

(D) If a Lender has confirmed its scheme reference number and its jurisdiction of tax residence in accordance with paragraph (g) (C)
above, the U.K. Borrower shall duly complete and file HMRC form DTTP2 with HM Revenue & Customs within 30 days of the date of this Agreement in respect of a Lender falling within Section 2.15 (g)(C)(i) and within 30 days of the date of
a Lender falling within Section 2.15 (g)( C) (ii) becoming a Lender under this Agreement (a “Borrower DTTP Filing”) with respect to such Lender, and shall promptly provide such Lender with a copy of such filing; provided
that, if 
 (i) the U.K. Borrower making a payment to such Lender has not made a Borrower DTTP Filing in respect of such Lender; or 

(ii) the U.K. Borrower making a payment to such Lender has made a Borrower DTTP Filing in respect of such Lender but either such Borrower DTTP
Filing has been rejected by HM Revenue and Customs or HM Revenue and Customs has not given the U.K. Borrower authority to make payments to such Lender without a deduction for United Kingdom Taxes within 60 days of the date of such Borrower DTTP
Filing; 

  
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 and, in each such case, the U.K. Borrower has notified that Lender in writing of either such circumstance,
then such Lender and U.K. Borrower shall cooperate in completing any additional procedural formalities necessary in an effort to obtain authorization as soon as reasonably possible for the U.K. Borrower to make that payment without withholding or
deduction for Taxes imposed under the laws of the United Kingdom. 
 (E) If a Lender has not confirmed its scheme reference number and
jurisdiction of tax residence in accordance with Section 2.15 (g) (C) above, no U.K. Borrower shall make a DTTP Filing or file any other form relating to the HMRC DT Treaty Passport scheme in respect of that Lender’s participation in
any Loan unless the Lender agrees. 
 (F) Each Lender shall notify the Administrative Agent if it determines that it has ceased to be a
Qualifying Lender and the Administrative Agent shall deliver such notification to each U.K. Borrower. 
 (G) A Lender on the day on which
this Agreement is entered into which indicates in Schedule 2.01 that it is a Qualifying Lender solely by virtue of limb (a)(ii) of the definition of Qualifying Lender gives a Tax Confirmation by entering into this Agreement. 

(H) A Lender which gives a Tax Confirmation shall promptly notify the Administrative Agent if there is any change in the position to that set
out in the Tax Confirmation and the Administrative Agent shall deliver such notification to the U.K. Borrowers 
 The provisions of this
Section 2.15(g), as they apply to any U.K. Borrower, shall not apply to CGHL. 
 (h) If the Administrative Agent,
the Collateral Agent, Issuing Bank, or Lender or any member of its consolidated group has received a refund (in cash or as an offset against other Taxes of the same type payable) of any Indemnified Taxes or Other Taxes as to which it has been
indemnified by a Loan Party or with respect to which such Loan Party has paid additional amounts pursuant to this Section 2.15, it shall pay over such refund to such Loan Party (but only to the extent of indemnity payments made, or additional
amounts paid, by such Loan Party under this Section 2.15 with respect to the Indemnified Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket
expenses of the Administrative Agent, the Collateral Agent, such Issuing Bank or such Lender (including any Taxes imposed with respect to such refund) as is determined by the Administrative Agent, the Collateral Agent, such Issuing Bank or Lender in
good faith and in its sole discretion, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided, that such Loan Party, upon the request of the Administrative Agent, the
Collateral Agent, such Issuing Bank or Lender, agrees to repay as soon as reasonably practicable the amount paid over to such Loan Party to the Administrative Agent, the Collateral Agent, such Issuing Bank or such Lender in the event the
Administrative Agent, the Collateral Agent, such Issuing Bank or such Lender is required to repay such refund to such Governmental Authority (plus any penalties, interest, or other charges imposed by the relevant Governmental Authority with respect
to such payment). This Section 2.15 shall not be construed to require the Administrative Agent, the Collateral Agent, any Issuing Bank or any Lender to make available its Tax returns (or any other information relating to its Taxes which it
deems in good faith to be confidential) to the Loan Parties or any other Person. Notwithstanding anything to the contrary in this paragraph (h), in no event will the Administrative Agent, the Collateral Agent, any Issuing Bank or any Lender be
required to pay any amount to an indemnifying Loan Party pursuant to this paragraph (h) the payment of which would place the indemnified party in a less favorable net after-Tax position than the
indemnified party would have been in if the Tax subject to indemnification had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. 

(i) Each Lender and each Issuing Bank shall severally indemnify the Administrative Agent, within 10 days after demand therefor, for
(i) any Indemnified Taxes or Other Taxes attributable to such Lender or Issuing Bank (but only to the extent that no Loan Party has already indemnified the Administrative Agent for such Indemnified Taxes or Other Taxes and without limiting the
obligation of any Loan Party to do so), (ii) any Taxes attributable to such Lender’s or such Issuing Bank’s failure to comply with the provisions of Section 9.04(d) relating to the maintenance of a Participant Register and
(iii) any Excluded Taxes attributable to such Lender or Issuing Bank, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect
thereto, whether or not such Taxes were correctly or 

  
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legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered by the Administrative Agent shall be conclusive absent
manifest error. Each Lender and each Issuing Bank hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender or Issuing Bank under any Loan Document or otherwise payable by the Administrative
Agent to the Lender or Issuing Bank from any other source against any amount due to the Administrative Agent under this paragraph (i). 
 (j)

 (A) All amounts expressed to be payable under a Loan Document by any party to any Lender, Administrative Agent or Collateral Agent (a
“Finance Party”) which (in whole or in part) constitute the consideration for any supply for VAT purposes are deemed to be exclusive of any VAT which is chargeable on that supply, and accordingly, subject to paragraph
(B) below, if VAT is or becomes chargeable on any supply made by any Finance Party to any party under a Loan Document and such Finance Party is required to account to the relevant tax authority for the VAT, that party must pay to such Finance
Party (in addition to and at the same time as paying any other consideration for such supply) an amount equal to the amount of the VAT (and such Finance Party must promptly provide an appropriate VAT invoice to that party). 

(B) If VAT is or becomes chargeable on any supply made by any Finance Party (the “Supplier”) to any other Finance Party (the
“Recipient”) under a Loan Document, and any party other than the Recipient (the “Relevant Party”) is required by the terms of any Loan Document to pay an amount equal to the consideration for that supply to the Supplier
(rather than being required to reimburse or indemnify the Recipient in respect of that consideration): 
 i. (where the Supplier is the
person required to account to the relevant tax authority for the VAT) the Relevant Party must also pay to the Supplier (at the same time as paying that amount) an additional amount equal to the amount of the VAT. The Recipient must (where this
paragraph (i) applies) promptly pay to the Relevant Party an amount equal to any credit or repayment the Recipient receives from the relevant tax authority which the Recipient reasonably determines relates to the VAT chargeable on that supply;
and 
 ii. (where the Recipient is the person required to account to the relevant tax authority for the VAT) the Relevant Party must
promptly, following demand from the Recipient, pay to the Recipient an amount equal to the VAT chargeable on that supply but only to the extent that the Recipient reasonably determines that it is not entitled to credit or repayment from the relevant
tax authority in respect of that VAT. 
 (C) Where a Loan Document requires any party to reimburse or indemnify a Finance Party for any cost
or expense, that party shall reimburse or indemnify (as the case may be) such Finance Party for the full amount of such cost or expense, including such part thereof as represents VAT, save to the extent that such Finance Party reasonably determines
that it is entitled to credit or repayment in respect of such VAT from the relevant tax authority. 
 (D) Any reference in this
Section 2.15(j) to any party shall, at any time when such party is treated as a member of a group for VAT purposes, include (where appropriate and unless the context otherwise requires) a reference to the representative member of such group at
such time (the term “representative member” to have the same meaning as in the Value Added Tax Act 1994) or to any substantially similar concept under any equivalent legislation in any other jurisdiction, as appropriate. 

(E) In relation to any supply made by a Finance Party to any party under a Loan Document, if reasonably requested by such Finance Party, that
party must promptly provide such Finance Party with details of that party’s VAT registration and such other information as is reasonably requested in connection with such Finance Party’s VAT reporting requirements in relation to such
supply. 

  
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 Section 2.16. Payments Generally; Pro Rata Treatment; Sharing of Setoffs.

 (a) Unless otherwise specified, the relevant Borrower shall make each payment required to be made by it hereunder (whether of principal,
interest, fees or reimbursement of L/C Disbursements, or of amounts payable under Section 2.13, 2.14, or 2.15, or otherwise) prior to 2:00 p.m., Local Time, on the date when due, in immediately available funds, without condition or deduction
for any defense, recoupment, set off or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of
calculating interest thereon. All such payments shall be made to the Administrative Agent to the applicable account designated to the Applicable Administrative Borrower by the Administrative Agent, except payments to be made directly to the
applicable Issuing Bank or Swingline Lender as expressly provided herein and except that payments pursuant to Sections 2.13, 2.14, 2.15 and 9.05 shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any
such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. All payments under the Loan Documents shall be made in Dollars, except that the Borrowers shall repay Loans denominated
in an Alternate Currency in such Alternate Currency. Any payment required to be made by the Administrative Agent hereunder shall be deemed to have been made by the time required if the Administrative Agent shall, at or before such time, have taken
the necessary steps to make such payment in accordance with the regulations or operating procedures of the clearing or settlement system used by the Administrative Agent to make such payment. 

(b) If at any time insufficient funds are received by and available to the Administrative Agent from the relevant Borrower to pay fully all
amounts of principal, unreimbursed L/C Disbursements, interest and fees then due from such Borrower, such funds shall be applied pursuant to Section 5.02 of the U.S. Collateral Agreement if such insufficient funds relate to Obligations of the
U.S. Borrowers, Clause 4 of the U.K. Security Trust Deed if such insufficient funds relate to Obligations of the U.K. Borrowers (other than CGHL) or Section 19 of the Gibraltar Security Agreement if such insufficient funds relate to Obligations
of CGHL, as applicable. For the avoidance of doubt, any mandatory prepayment shall be governed by Section 2.09(h). 
 (c) If any Lender
shall, by exercising any right of set off or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Loans, participations in L/C Disbursements, Swingline Loans or any of the Obligations owed to such Lender
resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Loans, participations in L/C Disbursements, Swingline Loans or any of the Obligations owed to such Lender and accrued interest thereon than the
proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in Loans, participations in L/C Disbursements, Swingline Loans or any of the Obligations owed to such
Lender of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans, participations in
L/C Disbursements, Swingline Loans or any of the Obligations owed to such Lender; provided, that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations
shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this paragraph (c) shall not be construed to apply to any payment made by the Borrowers pursuant to and in
accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in L/C Disbursements to any assignee or participant,
other than to the Borrowers or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph (c) shall apply). The Borrowers consent to the foregoing and agree, to the extent it may effectively do so under applicable law,
that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrowers rights of set off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the
Borrowers in the amount of such participation. 
 (d) Unless the Administrative Agent shall have received notice from the Lead Borrower prior
to the date on which any payment is due to the Administrative Agent for the account of the Lenders or the applicable Issuing Bank hereunder that the applicable Borrower will not make such payment, the Administrative Agent may assume that the
applicable Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption (but shall be under no obligation to do so), distribute to the Lenders or the applicable Issuing Bank, as applicable, the amount
due. In such event, if the applicable Borrower has not in fact made such payment, then each of the Lenders or the applicable Issuing Bank, as applicable, severally agrees to repay to the 

  
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Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank with interest thereon, for each day from and including the date such amount is distributed to it
to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

(e) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(d) or (e), 2.05(b) or 2.16(d), then
the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such
Sections until all such unsatisfied obligations are fully paid. 
 Section 2.17. Mitigation Obligations; Replacement of
Lenders. 
 (a) If the Borrowers are required to pay any additional amount to any Lender or any Governmental Authority for the account of
any Lender with respect to Indemnified Taxes or Other Taxes pursuant to Section 2.15, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and
obligations hereunder to another of its offices, branches or Affiliates, if, in the reasonable judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.13 or 2.15, as
applicable, in the future and (ii) would not subject such Lender to any material unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender in any material respect. The relevant Borrower hereby agrees to pay all
reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 
 (b) If the Borrowers are
required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender with respect to Indemnified Taxes or Other Taxes pursuant to Section 2.15, or any Lender is a Defaulting Lender, then the Borrowers
may, at their sole expense and effort, upon written notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 9.04),
all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided, that (i) the Borrowers shall have
received the prior written consent of the Administrative Agent (and, if in respect of any Commitment or 
 (c) U.S. Loan and the Issuing
Bank), which consent shall not unreasonably be withheld, (ii) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and participations in L/C Disbursements, accrued interest thereon, accrued fees
and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrowers (in the case of all other amounts) and (iii) in the case of any such assignment
resulting from a claim for compensation under Section 2.13 or payments required to be made with respect to Indemnified Taxes or Other Taxes pursuant to Section 2.15, such assignment will result in a reduction in such compensation or
payments. Nothing in this Section 2.17 shall be deemed to prejudice any rights that the Borrowers may have against any Lender that is a Defaulting Lender. 

(d) If any Lender (such Lender, a “Non-Consenting Lender”) has failed to consent to a
proposed amendment, waiver, discharge or termination which pursuant to the terms of Section 9.08 requires the consent of all Lenders or all of the Lenders affected and with respect to which the Required Lenders shall have granted their consent,
then the Lead Borrower shall have the right (unless such Non-Consenting Lender grants such consent) at its sole expense (including with respect to the processing and recordation fee referred to in
Section 9.04(b)(ii)(B)) to replace such Non-Consenting Lender by deeming such Non-Consenting Lender to have assigned its Loans, and its Commitments hereunder to one
or more assignees reasonably acceptable to the Administrative Agent and the Issuing Bank; provided, that: (a) all Obligations of the Borrowers owing to such Non-Consenting Lender being replaced
shall be paid in full to such Non-Consenting Lender concurrently with such assignment and (b) the replacement Lender shall purchase the foregoing by paying to such
Non-Consenting Lender a price equal to the principal amount thereof plus accrued and unpaid interest thereon. No action by or consent of the Non-Consenting Lender
shall be necessary in connection with such assignment, which shall be immediately and automatically effective upon payment of such purchase price. In connection with any such assignment the Borrowers, Administrative Agent, such Non-Consenting Lender and the replacement Lender shall otherwise comply with Section 9.04; provided, that if such Non-Consenting Lender does not comply with
Section 9.04 within three Business Days after the Lead Borrower’s request, compliance with Section 9.04 shall not be required to effect such assignment. 

  
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 Section 2.18. Illegality. If any Lender reasonably determines that any
change in law has made it unlawful, or that any Governmental Authority has asserted after the Closing Date that it is unlawful, for any Lender or its applicable lending office to make or maintain any Eurocurrency Loans, then, on notice thereof by
such Lender to the Lead Borrower through the Administrative Agent, any obligations of such Lender to make or continue Eurocurrency Loans or to convert ABR Borrowings to Eurocurrency Borrowings shall be suspended until such Lender notifies the
Administrative Agent and the Lead Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the Lead Borrower shall upon demand from such Lender (with a copy to the Administrative Agent), either
convert all Eurocurrency Borrowings of such Lender to ABR Borrowings without reference to clause (c) of the ABR definition, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such
Eurocurrency Borrowings to such day, or immediately, if such Lender may not lawfully continue to maintain such Loans. Upon any such prepayment or conversion, the Borrowers shall also pay accrued interest on the amount so prepaid or converted. 

Section 2.19. Defaulting Lender. 

(a) Defaulting Lender Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a
Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 
 i.
Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definition of Required Lenders. 

ii. Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the
account of such Defaulting Lender (whether voluntary or mandatory, at maturity, following an Event of Default or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to Section 9.06 shall be applied at such time
or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder, second, to the payment on a pro rata basis of any amounts
owing by such Defaulting Lender to any Issuing Bank or Swingline Lender hereunder, third, to cash collateralize the Issuing Banks’ Fronting Exposure with respect to such Defaulting Lender in a manner consistent with Section 2.04(j)
except that such cash collateral shall only be held in respect of the Fronting Exposure with respect to such Defaulting Lender, fourth, as the Lead Borrower may request (so long as no Default or Event of Default exists), to the funding of any
Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent, fifth, if so determined by the Administrative Agent and the Lead Borrower, to be
held in a deposit account and released pro rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) cash collateralize the Issuing Banks’ future
Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in a manner consistent with Section 2.04(j) except that such cash collateral shall only be held in respect of the
Fronting Exposure with respect to such Defaulting Lender, sixth, to the payment of any amounts owing to the Lenders or the Issuing Banks or Swingline Lender as a result of any judgment of a court of competent jurisdiction obtained by any
Lender or the Issuing Banks or Swingline Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement, seventh, so long as no Default or Event of Default exists, to the
payment of any amounts owing to the Borrowers as a result of any judgment of a court of competent jurisdiction obtained by the Borrowers against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this
Agreement, and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed
by a Defaulting Lender or to post cash collateral pursuant to this Section 2.19 shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

  
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 iii. Certain Fees. No Defaulting Lender shall be entitled to receive any Commitment
Fee on the unutilized portion of its Commitment for any period during which that Lender is a Defaulting Lender. 
 (A) Each Defaulting
Lender shall be entitled to receive L/C Participation Fees for any period during which that Lender is a Defaulting Lender only to the extent allocable to its pro rata share of the stated amount of Letters of Credit for which it has provided cash
collateral. 
 (B) With respect to any Commitment Fee or L/C Participation Fee not required to be paid to any Defaulting Lender pursuant to
clause (A) or (B) above, the Applicable Administrative Borrower shall (x) pay to each Lender that is not a Defaulting Lender (a “Non-Defaulting Lender”) that portion of any such fee
otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in Letters of Credit that has been reallocated to such Non-Defaulting Lender pursuant to clause
(iv) below, (y) pay to each Issuing Bank the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such Issuing Bank’s Fronting Exposure to such Defaulting Lender, and (z) not be required to pay
the remaining amount of any such fee. 
 iv. Reallocation of Participations to Reduce Fronting Exposure. All or any part of such
Defaulting Lender’s participation in Letters of Credit shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Pro Rata Percentages (calculated without regard to such
Defaulting Lender’s. Commitment) but only to the extent that such reallocation does not cause the aggregate U.S. Exposure of any Non-Defaulting Lender to exceed such
Non-Defaulting Lender’s Commitment. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a
Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation. 

v. Cash Collateral. If the reallocation described in clause (iv) above cannot, or can only partially, be effected, the Lead
Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, cash collateralize the Issuing Banks’ Fronting Exposure in a manner consistent with the procedures set forth in Section 2.04(j) except that
such cash collateral shall only be held in respect of such Fronting Exposure. 
 (b) Defaulting Lender Cure. If the Lead Borrower, the
Administrative Agent and each Issuing Bank agree in writing that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any
conditions set forth therein (which may include arrangements with respect to any cash collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the
Administrative Agent may determine to be necessary to cause the Loans and funded and, in the case of a U.S. Lender unfunded participations in Letters of Credit to be held pro rata by the Lenders in accordance with their Commitments (without giving
effect to Section 2.19(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that, no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrowers while
that Lender was a Defaulting Lender; provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim
of any party hereunder arising from that Lender’s having been a Defaulting Lender. 
 (c) New Letters of Credit. So long as any
Lender is a Defaulting Lender, the Issuing Banks shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure with respect to such Defaulting Lender after giving effect
thereto. 
 Section 2.20. Applicable Administrative Borrower and Lead Borrower. Each Loan Party hereby designates the
Applicable Administrative Borrower and Lead Borrower, as applicable, as its representative and agent for all purposes under the Loan Documents, including requests for Loans and Letters of Credit, designation of interest rates, delivery or receipt of
communications, preparation and delivery of Borrowing Base Certificates and financial reports and other notices and reports, receipt and payment of Obligations, requests for consents, waivers, 

  
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amendments or other accommodations, and/or actions under the Loan Documents (including in respect of compliance with covenants), and all other dealings with the Administrative Agent, any Issuing
Bank or any Lender. Each of the Applicable Administrative Borrower and the Lead Borrower hereby accepts such appointment. The Administrative Agent and the Lenders shall be entitled to rely upon, and shall be fully protected in relying upon, any
notice or communication (including any Notice of Borrowing) delivered by the Applicable Administrative Borrower or the Lead Borrower on behalf of any Loan Party, and any Notice of Borrowing, request for a Letter of Credit or designation of interest
rate by the Applicable Administrative Borrower on behalf of the Borrowers. The Administrative Agent and the Lenders may give any notice or communication with a Borrower hereunder to the Applicable Administrative Borrower or Lead Borrower on behalf
of such Borrower. Each of the Administrative Agent, the Issuing Banks and the Lenders shall have the right, in its discretion, to deal exclusively with the Applicable Administrative Borrower and the Lead Borrower for any or all purposes under the
Loan Documents. Each Loan Party agrees that any notice, election, communication, representation, agreement or undertaking made on its behalf by the Applicable Administrative Borrower or the Lead Borrower shall be binding upon and enforceable against
it. 
 Section 2.21. Protective Advances. The Administrative Agent (acting at the direction of the Required Lenders) shall be
authorized, in its discretion, following notice to the Lead Borrower, at any time, to make ABR Loans (“Protective Advances”) (a) in an aggregate amount, together with the aggregate amount of all other Protective Advances, not to
exceed 10% of the Borrowing Base, if the Administrative Agent (acting at the direction of the Required Lenders) deems such Protective Advances necessary or desirable to preserve and protect the Collateral, or to enhance the collectability or
repayment of the Obligations; or (b) to pay any other amounts chargeable to Loan Parties under any Loan Document, including costs, fees and expenses; provided that, Global Exposure shall not exceed the Commitments in effect at such time.
Each Lender shall participate in each Protective Advance in accordance with its Pro Rata Percentage. The Administrative Agent’s determination (acting at the direction of the Required Lenders) that funding of a Protective Advance is appropriate
shall be conclusive. The Administrative Agent may use the proceeds of such Protective Advances to (a) protect, insure, maintain or realize upon any Collateral; or (b) defend or maintain the validity or priority of the Agent’s Liens in
any Collateral, including any payment of a judgment, insurance premium, warehouse charge, finishing or processing charge, or landlord claim, or any discharge of a Lien; provided that the Administrative Agent shall use reasonable efforts to
notify the Lead Borrower after paying any such amount or taking any such action. 
 Section 2.22. Reserves. The
Administrative Agent may at any time and from time to time in the exercise of its Permitted Discretion upon at least five Business Days’ (or in the case of mathematical or clerical errors, one Business Day’s) prior written notice to the
Lead Borrower, which notice shall include a reasonably detailed description of the Availability Reserve being established (during which period (a) the Administrative Agent shall, if requested, discuss any such Availability Reserve with the Lead
Borrower and (b) the Lead Borrower may take such action as may be required so that the event, condition or matter that is the basis for such Availability Reserve no longer exists or exists in a manner that would result in the establishment of a
lower Availability Reserve in a manner and to the extent reasonably satisfactory to the Administrative Agent), establish, amend or modify any Availability Reserve. No Availability Reserve may be taken after the Closing Date may be modified after the
Closing Date, in either case based on circumstances, conditions, events or contingencies known to the Administrative Agent as of the Closing Date for which no Availability Reserve was imposed on the Closing Date, unless such circumstances,
conditions, events or contingencies have changed in any material adverse respect since the Closing Date. Notwithstanding any other provision of this Agreement to the contrary, (a) in no event shall any Availability Reserve with respect to any
component of the Borrowing Base duplicate any Availability Reserve or adjustment already accounted for in determining eligibility criteria (including collection and/or advance rates) and (b) the amount of any such Availability Reserve (or
change in Availability Reserve) and the scope of any change in eligibility standards shall be a reasonable quantification of the incremental dilution of the Borrowing Base attributable to the relevant contributing factor or shall have a reasonable
relationship to the event, condition or other matter that is the basis for such Availability Reserve or change. 
 Section 2.23.
Incremental Facilities. 
 (a) The Lead Borrower may, at any time, on one or more occasions pursuant to an Incremental Revolving
Facility Agreement increase the aggregate amount of Commitments of any existing Class of Commitments or establish a new Class of Commitments (any such increase or new Class of Commitments, an

  
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“Incremental Revolving Facility” and the loans thereunder, “Incremental Revolving Loans”) in an aggregate principal amount not to exceed $50,000,000; provided
that any new Class of Commitments shall be a “last-out” Incremental Revolving Facility that ranks junior in right of payment and/or security to this ABL Facility; provided,
further, that: 
 i. Incremental Revolving Loans shall be available in Dollars only; 

ii. unless the Administrative Agent otherwise agrees, no Incremental Revolving Facility may be less than $5,000,000; 

iii. except as separately agreed from time to time between the Lead Borrower and any Lender, no Lender shall be obligated to provide any
Incremental Revolving Commitment, and the determination to provide such Incremental Revolving Commitment shall be within the sole and absolute discretion of such Lender; 

iv. no Incremental Revolving Facility or Incremental Revolving Loan (or the creation, provision or implementation thereof) shall require the
approval of any existing Lender other than in its capacity, if any, as an Incremental Revolving Lender; 
 v. the terms of each Incremental
Revolving Facility will be substantially identical to those applicable to this ABL Facility, except (A) with respect to structuring, commitment and arranger fees or other similar fees that may be agreed to among the Lead Borrower and the
Incremental Revolving Facility Lenders and (B) with respect to any “last-out” Incremental Revolving Facility that ranks junior in right of payment and/or security to this ABL Facility, such
Incremental Revolving Facility (x) shall be on terms (other than those described in clauses (y) and (z) below) reasonably satisfactory to the Administrative Agent and subject to customary terms and conditions for “last-out” asset based credit facilities, (y) may have interest rate margins, unused line fees, a “LIBOR floor” and/or “ABR floor” and other economic terms that are agreed to among
the Lead Borrower and the Incremental Revolving Facility Lenders and (z) shall have a later scheduled maturity date than the Final Maturity Date; 

vi. no Event of Default shall exist immediately prior to or after giving effect to such Incremental Revolving Facility; 

vii. the final maturity of any Incremental Revolving Facility shall be no earlier than the Final Maturity Date; and 

viii. any Incremental Revolving Facility may rank pari passu or junior in right of payment and pari passu or junior in priority with respect
to proceeds of Revolving Credit Collateral (as defined in the Intercreditor Agreement). 
 (b) Incremental Revolving Commitments may be
provided by any existing Lender, or by any other lender (other than any Disqualified Institution) (any such other lender being called an “Additional Revolving Lender”); provided that the Administrative Agent, any Issuing Bank
and the Swingline Lender shall have consented (such consent not to be unreasonably withheld) to the relevant Additional Revolving Lender’s provision of Incremental Revolving Commitments if such consent would be required under
Section 9.04(b) for an assignment of Revolving Loans to such Additional Revolving Lender. 
 (c) Each Incremental
Revolving Facility Lender providing a portion of any Incremental Revolving Commitment shall execute and deliver to the Administrative Agent and the Lead Borrower all such documentation (including the relevant Incremental Revolving Facility
Agreement) as may be reasonably required by the Administrative Agent to evidence and effectuate such Incremental Revolving Commitment. On the effective date of such Incremental Revolving Commitment, (i) each Additional Revolving Lender shall
become a Lender for all purposes in connection with this Agreement, (ii) all Incremental Revolving Commitments shall become Commitments for all purposes in connection with this Agreement and (iii) all Incremental Revolving Loans shall
become U.S. Loans for all purposes in connection with this Agreement. 

  
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 (d) As conditions precedent to the effectiveness of any Incremental Revolving Facility or
the making of any Incremental Revolving Loans, (i) upon its reasonable request, the Administrative Agent shall have received customary written opinions of counsel, as well as such reaffirmation agreements, supplements and/or amendments as it
shall reasonably require, (ii) the Administrative Agent shall have received, from each Additional Revolving Lender, an Administrative Questionnaire and such other documents as it shall reasonably require from such Additional Revolving Lender,
and (iii) the Administrative Agent shall have received a certificate of the applicable Borrowers signed by Responsible Officers thereof: 

(A) certifying and attaching a copy of the resolutions adopted by the governing body or Board of Directors of the applicable Borrowers
approving or consenting to such Incremental Revolving Facility or Incremental Revolving Loans, and 
 (B) to the extent applicable,
certifying that the condition set forth in clause (a)(vi) above has been satisfied. 
 (e) (i) Upon the implementation of
any Incremental Revolving Facility, each then-existing Lender will automatically and without further act be deemed to have assigned to each Incremental Revolving Facility Lender, and each relevant Incremental Revolving Facility Lender will
automatically and without further act be deemed to have assumed a portion of such existing Lender’s participations hereunder in outstanding Letters of Credit or Swingline Loans such that, after giving effect to each deemed assignment and
assumption of participations, all of the Lenders’ (including each Incremental Revolving Facility Lender) participations hereunder in Letters of Credit or Swingline Loans shall be held ratably on the basis of their respective Commitments of the
applicable Class (after giving effect to any increase in the Commitment pursuant to this Section 2.23) and (ii) the existing Lenders of the applicable Class shall assign Loans to certain other Lenders of such
Class (including the Lenders providing the relevant Incremental Revolving Facility), and such other Lenders (including the Lenders providing the relevant Incremental Revolving Facility) shall purchase such Loans, in each case, to the extent
necessary so that all of the Lenders of such Class participate in each outstanding borrowing of Loans pro rata on the basis of their respective Commitments of such Class (after giving effect to any increase in the Commitment pursuant to
this Section 2.23); it being understood and agreed that the minimum borrowing, pro rata borrowing and pro rata payment requirements contained elsewhere in this Agreement shall not apply to the transactions
effected pursuant to this clause (e). 
 (f) On the date of effectiveness of any Incremental Revolving Facility, the Letter of Credit
Sublimit and the Swingline Sublimit permitted hereunder shall increase by an amount, if any, agreed upon by the (i) Administrative Agent, (ii) the Issuing Banks and the Swingline Lender, as applicable, and (iii) the Lead Borrower.

 (g) The Lenders hereby irrevocably authorize the Administrative Agent to enter into any Incremental Facility Agreement and any other
amendments to this Agreement and the other Loan Documents as may be necessary in order to establish new Classes in respect of Loans or Commitments increased or extended pursuant to this Section 2.23 and such technical amendments as may be
necessary or appropriate in the reasonable opinion of the Administrative Agent and the Lead Borrower in connection with the establishment of such new Classes, in each case on terms consistent with this Section 2.23. 

(h) Notwithstanding to the contrary in this Section 2.23 or in any other provision of any Loan Document, if the proceeds on the date of
effectiveness of any Incremental Revolving Facility are intended to be applied to finance a Permitted Business Acquisition and the Incremental Revolving Facility Lenders so agree, the availability thereof shall be subject to customary
“SunGard” or “certain funds” conditionality. 
 (i) This Section 2.23 shall supersede any
provision in Section 2.16 or 9.08 to the contrary. 
 ARTICLE III 

REPRESENTATIONS AND WARRANTIES 

On (i) the Closing Date, immediately after giving effect to the Transactions (including the incurrence of Loans, if any on the Closing
Date) and (ii) the date of each other Credit Event as provided in Section 4.01, the Borrowers (and Holdings, as applicable) represent and warrant to each of the Agents and the Lenders that: 

  
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 Section 3.01. Organization; Powers. (i) Except as set forth on
Schedule 3.01, Holdings, the Borrowers and each Subsidiary that is not an Immaterial Subsidiary (a) is a partnership, limited liability company, unlimited liability company or corporation duly incorporated or organized, validly existing
and in good standing (or in any foreign jurisdiction where an equivalent status exists, enjoys the equivalent status under the laws of such foreign jurisdiction of organization outside of the United States) under the laws of the jurisdiction of its
organization, (b) has all requisite power and authority to own its property and assets and to carry on its business as now conducted, (c) is qualified to do business in each jurisdiction where such qualification is required, except where
the failure so to qualify could not reasonably be expected to have a Material Adverse Effect, (d) in the case of any Loan Party, has the power and authority to execute, deliver and perform its obligations under each of the Loan Documents and
each other agreement or instrument contemplated thereby to which it is or will be a party and, in the case of the Borrower, to borrow and otherwise obtain credit hereunder and (ii) for the purposes of Regulation (EU) 2015/848 of 20 May
2015 on insolvency proceedings (recast) (the “Regulation”), each U.K. Borrower’s centre of main interest (as that term is used in Article 3(1) of the Regulation) is situated in the jurisdiction under the laws of which it is
organized or incorporated (as the case may be) as at the date of this Agreement. 
 Section 3.02. Authorization. The
execution, delivery and performance by each Loan Party of each of the Loan Documents to which it is a party, and the borrowings hereunder (a) have been duly authorized by all corporate, stockholder, partnership or limited liability company
action required to be obtained by such Loan Party and (b) will not (i) violate (A) any provision of any material law, statute, rule or regulation, or of the certificate or articles of incorporation or other constitutive documents
(including any partnership, limited liability company or operating agreements or bylaws) of such Loan Party, (B) any applicable material order of any court or any material rule, regulation or order of any Governmental Authority or (C) any
provision of any material indenture, certificate of designation for preferred stock, agreement or other material instrument to which such Loan Party is a party or by which any of them or any of their property is or may be bound, (ii) be in
conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under, give rise to a right of or result in any cancellation or acceleration of any right or obligation (including any payment) or to a loss
of a material benefit under any such material indenture, certificate of designation for preferred stock, agreement or other material instrument, or (iii) result in the creation or imposition of any Lien upon or with respect to any property or
assets now owned or hereafter acquired by such Loan Party, other than Permitted Liens. 
 Section 3.03. Enforceability.
This Agreement has been duly executed and delivered by Holdings and the Borrowers and constitutes, and each other Loan Document when executed and delivered by each Loan Party that is party thereto will constitute, a legal, valid and binding
obligation of such Loan Party enforceable against each such Loan Party in accordance with its terms, subject to (i) the effects of bankruptcy, insolvency, moratorium, reorganization, fraudulent conveyance or other similar laws affecting
creditors’ rights generally, (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law) and (iii) implied covenants of good faith and fair dealing. 

Section 3.04. Governmental Approvals. No action, consent or approval of, registration or filing with or any other action by
any Governmental Authority or any other third party is or will be required in connection with the Transactions (including the execution, delivery and performance of any Loan Document, the perfection or maintenance of the Liens created under the
Security Documents or the exercise by any Agent or any Lender of its rights under the Loan Documents or the remedies in respect of the Collateral), except for (a) the filing of Uniform Commercial Code financing statements, (b) filings with
the United States Patent and Trademark Office and the United States Copyright Office and comparable offices in foreign jurisdictions and equivalent filings in foreign jurisdictions, (c) registration of the charges entered into by the U.K.
Borrowers at Companies House of England and Wales or Companies House (Gibraltar) Limited (as the case may be), (d) recordation of the Mortgages, (e) filings and investigation or remediation activities which may be required under applicable
Environmental Laws, (f) such as have been made or obtained and are in full force and effect, (g) such actions, consents, approvals, registrations or filings the failure of which to be obtained or made could not reasonably be expected to
have a Material Adverse Effect and (h) filings or other actions listed on Schedule 3.04. 
 Section 3.05.
Financial Statements. 
 (a) The Annual Financial Statements and the Quarterly Financial Statements fairly present in all material
respects the financial condition of the Lead Borrower and the Subsidiaries as of the dates thereof and their results of operations and cash flows on a consolidated basis for the period covered thereby in accordance with GAAP consistently applied
throughout the periods covered thereby except as expressly noted therein. 

  
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 (b) Since February 3, 2018, there has been no event or circumstance, either
individually or in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect, other than by virtue of the Cases and the events and conditions directly related thereto and/or directly arising therefrom. 

Section 3.06. Title to Properties; Possession Under Leases. 

(a) Each of Holdings, the Borrowers and the Subsidiaries has valid fee simple title to, or valid leasehold interests in, or easements or other
limited property interests in, all its Real Properties (including all Mortgaged Properties) and has valid title to its personal property and assets, in each case, except for Permitted Liens and except for defects in title that do not materially
interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes and except where the failure to have such title or interest would not reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect. All such properties and assets are free and clear of Liens, other than Permitted Liens. 

(b) None of the Borrowers or the Subsidiaries has defaulted under any leases to which it is a party, except for such defaults as could not
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. All of the Borrowers’ or Subsidiaries’ leases are in full force and effect, except leases in respect of which the failure to be in full force and
effect would not reasonably be expected to have a Material Adverse Effect. The Borrowers and each of the Subsidiaries enjoy peaceful and undisturbed possession under all such leases, other than leases in respect of which the failure to enjoy
peaceful and undisturbed possession would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

(c) Each of the Borrowers and the Subsidiaries owns or possesses, or is licensed to use, all patents, trademarks, service marks, trade names
and copyrights, all applications for any of the foregoing and all licenses and rights with respect to the foregoing necessary for the present conduct of its business, without any conflict (of which the Borrowers have been notified in writing) with
the rights of others, and free from any burdensome restrictions on the present conduct of the business of the Borrowers, except where such conflicts and restrictions would not reasonably be expected to have, individually or in the aggregate, a
Material Adverse Effect. 
 (d) As of the Closing Date, none of the Borrowers and the Subsidiaries has received any written notice of any
pending or contemplated condemnation proceeding affecting any material portion of the Mortgaged Properties or any sale or disposition thereof in lieu of condemnation that remains unresolved as of the Closing Date. 

(e) None of the Borrowers and the Subsidiaries is obligated on the Closing Date under any right of first refusal, option or other contractual
right to sell, assign or otherwise dispose of any Mortgaged Property or any interest therein, except as permitted under Section 6.02 or 6.04. 

Section 3.07. Subsidiaries. 

(a) Schedule 3.07(a) sets forth as of the Closing Date the name and jurisdiction of incorporation, formation or organization of each
subsidiary of the Lead Borrower other than Immaterial Subsidiaries and, as to each such subsidiary, the percentage of each class of Equity Interests owned by the Lead Borrower or by any such subsidiary. 

(b) As of the Closing Date, there are no outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments (other
than stock options granted to employees or directors and directors’ qualifying shares) of any nature relating to any Equity Interests of the Lead Borrower or any of the Subsidiaries, except as set forth on Schedule 3.07(b). 

Section 3.08. Litigation. Other than in connection with the Cases, there are no actions, suits or proceedings at law or in
equity or by or on behalf of any Governmental Authority or in arbitration now pending, or, to the knowledge of the Borrowers, threatened in writing against or affecting the Borrowers or any of the Subsidiaries or any business, property or rights of
any such Person which could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

  
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 Section 3.09. Federal Reserve Regulations. 

(a) None of Holdings, the Borrowers and/or any subsidiary is engaged principally, or as one of its important activities, in the business of
extending credit for the purpose of purchasing or carrying Margin Stock. 
 (b) No part of the proceeds of any Loan will be used, whether
directly or indirectly, and whether immediately, incidentally or ultimately, (i) to purchase or carry Margin Stock or to extend credit to others for the purpose of purchasing or carrying Margin Stock or to refund indebtedness originally
incurred for such purpose, or (ii) for any purpose that entails a violation of, or that is inconsistent with, the provisions of the regulations of the Board, including Regulation T, U or Regulation X. 

Section 3.10. Investment Company Act. None of Holdings, the Borrowers and/or any Subsidiary is an “investment
company” as defined in, or subject to regulation under, the Investment Company Act of 1940, as amended. 
 Section 3.11.
Use of Proceeds. The Borrowers will use the proceeds of the Loans, and may request the issuance of Letters of Credit, (a) to refinance all outstanding obligations and replace commitments under the Exit ABL, (b) to pay the fees,
costs and expenses incurred in connection with the Transactions, (c) for general corporate purposes and for working capital requirements of the Loan Parties and their subsidiaries and (d) for any other purposes not prohibited by the terms
of the Loan Documents. 
 Section 3.12. Tax Returns. Except as set forth on Schedule 3.12: 

(a) Except as could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect, each of the Borrowers
and the Subsidiaries has filed or caused to be filed all federal, state, local and non-U.S. Tax returns required to have been filed by it and each such Tax return is true and correct; 

(b) Each of the Borrowers and the Subsidiaries has timely paid or caused to be timely paid all Taxes shown to be due and payable by it on the
returns referred to in clause (a) and all other Taxes or assessments (or made adequate provision (in accordance with GAAP) for the payment of all Taxes due) with respect to all periods or portions thereof ending on or before the Closing Date
(except Taxes or assessments that are being contested in good faith by appropriate proceedings in accordance with Section 5.03 and for which the Borrowers or any of the Subsidiaries (as the case may be) has set aside on its books adequate
reserves in accordance with GAAP), except for Taxes, which if not paid or adequately provided for, could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; and 

(c) Other than as could not be, individually or in the aggregate, reasonably expected to have a Material Adverse Effect, as of the Closing
Date, with respect to each of the Borrowers and the Subsidiaries, there are no claims being asserted in writing with respect to any Taxes. 

Section 3.13. Employee Benefit Plans. 

(a) Except as could not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect: (i) each Plan is in
compliance in all material respects with the applicable provisions of ERISA and the Code; (ii) no Reportable Event has occurred during the past five (5) years as to which Holdings, the Borrowers (excluding the U.K. Borrowers) or any of the
Subsidiaries or any ERISA Affiliate was required to file a report with the PBGC, other than reports that have been filed; (iii) no Plan has any Unfunded Pension Liability in excess of $15.0 million and the aggregate amount of Unfunded
Pension Liabilities for all Plans is not in excess of $15.0 million; (iv) no ERISA Event has occurred or is reasonably expected to occur; (v) none of Holdings, the Borrowers (excluding the U.K. Borrowers) or the Subsidiaries has
engaged in a “prohibited transaction” (as defined in Section 406 of ERISA and Code Section 4975) in connection with any employee pension benefit plan (as defined 

  
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in Section 3(2) of ERISA) that would subject Holdings, the Borrowers (excluding the U.K. Borrowers) or any Subsidiary to Tax; and (vi) none of Holdings, the Borrowers (excluding the
U.K. Borrowers), the Subsidiaries and the ERISA Affiliates (A) has received any written notification that any Multiemployer Plan is in reorganization or has been terminated within the meaning of Title IV of ERISA, or has knowledge that any
Multiemployer Plan is reasonably expected to be in reorganization or to be terminated (or, after the effectiveness of Title II of the Pension Act, that it is in endangered or critical status, or is reasonably expected to be in endangered or critical
status, within the meaning of Section 305 of ERISA) or (B) has incurred or is reasonably expected to incur any withdrawal liability to any Multiemployer Plan. 

(b) No U.K. Borrower (other than CGHL) is or has at any time been (i) an employer (for the purposes of sections 38 to 51 of the Pensions
Act 2004 (UK)) of an occupational pension scheme which is not a money purchase scheme (both terms as defined in the Pensions Schemes Act 1993 (UK)) or (ii) “connected” with or an “associate” of (as those terms are defined in
sections 38 or 43 of the Pensions Act 2004 (UK)) such an employer, except in each case, where noncompliance could not reasonably be expected to have a Material Adverse Effect. 

(c) Each of Holdings, the Lead Borrower and the Subsidiaries is in compliance (i) with all applicable provisions of law and all applicable
regulations and published interpretations thereunder with respect to any employee pension benefit plan or other employee benefit plan governed by the laws of a jurisdiction other than the United States and United Kingdom and (ii) with the terms
of any such plan, except, in each case, for such noncompliance that could not reasonably be expected to have a Material Adverse Effect. 

(d) Except as could not reasonably be expected to result in a Material Adverse Effect, there are no pending, or to the knowledge of the
Borrowers, threatened claims (other than claims for benefits in the normal course), sanctions, actions or lawsuits, asserted or instituted against any Plan or any Person as fiduciary or sponsor of any Plan that could result in liability to the
Borrowers, any Subsidiaries or the ERISA Affiliates. 
 (e) Within the last five (5) years, no Plan of Holdings, the Lead Borrower, any
Subsidiaries or the ERISA Affiliates has been terminated, whether or not in a “standard termination” as that term is used in Section 404(b)(1) of ERISA, that could reasonably be expected to result in liability to Holdings, the
Borrower, any Subsidiaries or the ERISA Affiliates that would reasonably be expected to result in a Material Adverse Effect, nor has any Plan of Holdings, the Borrower, any Subsidiaries or the ERISA Affiliates (determined at any time within the past
five (5) years) with Unfunded Pension Liabilities been transferred outside of the “controlled group” (within the meaning of Section 4001(a)(14) of ERISA) of Holdings, the Lead Borrower, any Subsidiaries or the ERISA Affiliates
that has or could reasonably be expected to result in a Material Adverse Effect. 
 Section 3.14. Environmental Matters.
Except for any matters that, either individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect: 

(a) The Lead Borrower and each of its Subsidiaries are in compliance with all applicable Environmental Laws and the requirements of any permits
issued under such Environmental Laws. To the knowledge of any Loan Party, there are no pending or threatened Environmental Claims against the Lead Borrower or any of its Subsidiaries or any Real Property currently or formerly owned, leased or
operated by the Lead Borrower or any of its Subsidiaries. There are no facts, circumstances, conditions or occurrences with respect to the business or operations of the Lead Borrower or any of its Subsidiaries, or to the knowledge of any Loan Party,
any Real Property currently or formerly owned, leased or operated by the Lead Borrower or any of its Subsidiaries that would be reasonably expected (i) to form the basis of an Environmental Claim against the Lead Borrower or any of its
Subsidiaries or (ii) to cause any Real Property owned, leased or operated by the Lead Borrower or any of its Subsidiaries to be subject to any restrictions on the ownership, lease, occupancy or transferability of such Real Property by the Lead
Borrower or any of its Subsidiaries under any applicable Environmental Law. 
 (b) (i) The Lead Borrower and each of its Subsidiaries
are in compliance with all applicable Environmental Laws and the requirements of any permits issued under such Environmental Laws. To the knowledge of any Loan Party, there are no pending or threatened Environmental Claims against the Lead Borrower
or any of its Subsidiaries or any Real Property currently or formerly owned, leased or operated by the Lead Borrower or any of its Subsidiaries and (ii) are no facts, circumstances, conditions or occurrences with respect to the business or
operations of the Lead Borrower or any of its Subsidiaries, or to the knowledge of any Loan Party, any Real 

  
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Property currently or formerly owned, leased or operated by the Lead Borrower or any of its Subsidiaries that would be reasonably expected (A) to form the basis of an Environmental Claim
against the Lead Borrower or any of its Subsidiaries or (B) to cause any Real Property owned, leased or operated by the Lead Borrower or any of its Subsidiaries to be subject to any restrictions on the ownership, lease, occupancy or
transferability of such Real Property by the Lead Borrower or any of its Subsidiaries under any applicable Environmental Law. 

Section 3.15. Security Documents. 

(a) The U.S. Collateral Agreement, the U.K. Security Agreement and the Gibraltar Security Agreement are effective to create in favor of the
Collateral Agent (for the benefit of the Secured Parties) a legal, valid and enforceable security interest in the Collateral described therein and the proceeds thereof. 

(b) In the case of the U.S. Security Documents and U.S. Collateral described therein, upon (i) the timely and proper filing of financing
statements listing each applicable Loan Party, as a debtor, and the Collateral Agent, as secured creditor, in the secretary of state’s office (or other similar governmental entity) of the jurisdiction of organization of such Loan Party,
(ii) the receipt by the Term Loan Agent, as bailee for the Collateral Agent pursuant to the Intercreditor Agreement, of all Instruments, Chattel Paper and certificated pledged Equity Interests that constitute “securities” governed by
Article 8 of the Uniform Commercial Code, in each case constituting Collateral in suitable form for transfer by delivery or accompanied by instruments of transfer or assignment duly executed in blank, (iii) sufficient identification of
commercial tort claims (as applicable), (iv) execution of a Control Arrangement establishing the Collateral Agent’s “control” (within the meaning of the Uniform Commercial Code) with respect to any deposit account, (v) the
recordation of the U.S. Collateral Agreement (or a summary thereof), in the United States Patent and Trademark Office and/or the United States Copyright Office, as applicable, and (vi) in respect of any pledge granted over shares in any Foreign
Person incorporated in England and Wales, the timely and proper filing of any such pledge with Companies House of England and Wales, the Collateral Agent, for the benefit of the Secured Parties, has (to the extent then required by the U.S. Security
Documents), a fully perfected security interest in all right, title and interest in all the U.S. Collateral subject to the U.S. Collateral Agreement, subject to no other Liens other than Permitted Liens, in each case, to the extent perfection can be
accomplished under applicable law through these actions. 
 (c) In the case of the U.K. Security Documents and U.K. Collateral described
therein, upon (i) the timely and proper filing of the U.K. Security Agreement, relevant additional security documents and the security interests created by it or them with Companies House of England and Wales and (ii) the making and/or
procuring of any relevant additional filings, stampings and/or notifications as set out within the U.K. Security Agreement, the Collateral Agent, for the benefit of the Secured Parties, has (to the extent then required by the U.K. Security
Documents) a fully perfected security interest in all right, title and interest in all of the U.K. Collateral, subject to the U.K. Security Agreement, subject to no other Liens other than Permitted Liens, in each case, to the extent perfection can
be accomplished under applicable law through these actions. 
 (d) In the case of the Gibraltar Security Agreement and Gibraltar Collateral
described therein, upon (i) the timely and proper filing of the Gibraltar Security Agreement, relevant additional security documents and the security interests created by it or them with Companies House (Gibraltar) Limited and (ii) the
making and/or procuring of any relevant additional filings, stampings and/or notifications as set out within the Gibraltar Security Agreement, the Collateral Agent, for the benefit of the Secured Parties, will have (to the extent then required by
the Gibraltar Security Agreement) a fully perfected security interest in all right, title and interest in all of the Gibraltar Collateral, subject to the Gibraltar Security Agreement, subject to no other Liens other than Permitted Liens, in each
case, to the extent perfection can be accomplished under applicable law through these actions. 
 (e) Upon delivery, each Mortgage will
create, as security for the obligations purported to be secured thereby, a valid and enforceable (except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar
laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law) and implied covenants of good faith and fair dealing) and, upon recordation in the appropriate recording
office, perfected security interest in and mortgage lien on the respective Mortgaged Property in favor of the Collateral Agent (or such other trustee as may be required or desired under local law) for the benefit of the Secured Parties, superior and
prior to the rights of all third Persons and subject to no other Liens (other than Permitted Liens related thereto). 

  
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 Section 3.16. Location of Real Property and Leased Premises. 

(a) Schedule 3.16 correctly identifies, in all material respects, as of the Closing Date all Real Property owned in fee by any Loan
Party. As of the Closing Date, the Loan Parties own in fee all the Real Property set forth as being owned by them on such Schedule. 
 (b) As
of the Closing Date, the Loan Parties have in all material respects valid leases in all Real Property being leased by them. 

Section 3.17. Labor Matters. Except as, individually or in the aggregate, could not reasonably be expected to have a Material
Adverse Effect: (a) there are no strikes or other labor disputes pending or threatened against the Lead Borrower or any of the Subsidiaries; (b) the hours worked and payments made to employees of the Lead Borrower and the Subsidiaries have
not been in violation of the Fair Labor Standards Act or any other applicable law dealing with such matters; and (c) all payments due from the Lead Borrower or any of the Subsidiaries or for which any claim may be made against the Lead Borrower
or any of the Subsidiaries on account of wages and employee health and welfare insurance and other benefits have been paid or accrued as a liability on the books of the Lead Borrower or such Subsidiary to the extent required by GAAP. Except as,
individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect, the consummation of the Transactions will not give rise to a right of termination or right of renegotiation on the part of any union under any
material collective bargaining agreement to which the Lead Borrower or any of the Subsidiaries (or any predecessor) is a party or by which the Lead Borrower or any of the Subsidiaries (or any predecessor) is bound. 

Section 3.18. Insurance. As of the Closing Date, all material insurance maintained by or on behalf of the Lead Borrower and the
Subsidiaries is in full force and effect. 
 Section 3.19. No Default. No Default or Event of Default has occurred and is
continuing or would result from the consummation of the transactions contemplated by this Agreement or any other Loan Document. 
 Section
3.20. Intellectual Property; Licenses, Etc. Except as could not reasonably be expected to have a Material Adverse Effect or as set forth in Schedule 3.20, the Lead Borrower and each of the Subsidiaries owns, or possesses the right to
use, all of the patents, registered trademarks, registered service marks or trade names, registered copyrights or mask works, domain names, applications and registrations for any of the foregoing that are reasonably necessary for the operation of
their respective businesses, without conflict with the rights of any other Person. 
 Section 3.21. Compliance with Laws; Anti-Money
Laundering and Economic Sanctions Laws. 
 (a) Except as could not reasonably be expected to have a Material Adverse Effect, no Loan
Party nor any of its Subsidiaries or its Affiliates and none of the respective officers, directors or agents of such Loan Party, Subsidiary or Affiliate has violated or is in violation of any applicable Anti-Money Laundering Laws. No Loan Party nor
any of its Subsidiaries or, to its knowledge, its Affiliates nor any director, officer, employee, agent, nor, to its knowledge, Affiliate or representative of such Loan Party or Subsidiary (each, a “Specified Person”) is an
individual or entity currently the subject of any sanctions administered or enforced by OFAC, the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority (collectively,
“Sanctions”), nor is any Loan Party or any of its Subsidiaries or its Affiliates located, organized or resident in a country or territory that is the subject of Sanctions. 

(b) No Specified Person intends to use any proceeds of the Loans or lend, contribute or otherwise make available such proceeds to any Person
for the purpose of financing the activities of or with any Person or in any country or territory that, at the time of funding, is an Embargoed Person. 

(c) Except to the extent conducted in accordance with applicable law, no Loan Party nor any of its Subsidiaries nor, to its knowledge,
Affiliates and none of the respective officers, directors, brokers or agents of such Loan Party, such Subsidiary or such Affiliate acting or benefiting in any capacity in connection with the Loans (i) conducts any business or engages in making
or receiving any contribution of funds, goods or services to or for the 

  
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benefit of any Embargoed Person, (ii) deals in, or otherwise engages in any transaction related to, any property or interests in property blocked pursuant to any Sanctions or
(iii) engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the applicable prohibitions set forth in any Economic Sanctions Laws. 

(d) Except as otherwise disclosed in Schedule 3.21, to the Borrowers’ knowledge, within the past five (5) years, each of the
Loan Parties and its Subsidiaries is in compliance in all material respects with and has not committed any material violation of any material applicable law or regulation, permit, order or other decision or other material requirement having the
force or effect of law or any material regulation of any governmental entity concerning the importation of products, the exportation or re-exportation of products (including technology and services), the terms
and conduct of international transactions and the making or receiving of international payments, including, as applicable, the Tariff Act of 1930, as amended, and other material laws, regulations and programs administered or enforced by U.S. Customs
and Border Protection and U.S. Immigration and Customs Enforcement, and their predecessor agencies, the Export Administration Act of 1979, as amended, the Export Administration Regulations, the International Emergency Economic Powers Act, as
amended, the Trading With the Enemy Act, as amended, the Arms Export Control Act, as amended, the International Traffic in Arms Regulations, material Executive Orders of the President regarding embargoes and restrictions on transactions with
designated entities, any material embargoes and restrictions administered by the U.S. Office of Foreign Assets Control, the material anti-boycott laws administered by the U.S. Department of Commerce and the material anti-boycott laws administered by
the U.S. Department of the Treasury. 
 (e) Without limiting the generality of the foregoing, each of Holdings, the Borrowers and the other
Subsidiaries are in compliance with all applicable statutes, regulations and orders of (including any laws relating to terrorism, money laundering, embargoed persons or the Patriot Act), and all applicable restrictions imposed by, all governmental
bodies, domestic or foreign, in respect of the conduct of its business and the ownership of its property (including applicable statutes, regulations, orders and restrictions relating to environmental standards and controls), except, in each case,
such noncompliances as, individually and in the aggregate, have not had, and could not reasonably be expected to have, a Material Adverse Effect. The Borrowers will not directly (or knowingly indirectly) use the proceeds of the Loans to violate or
result in a violation of any such applicable statutes, regulations, orders or restrictions referred to in this Section 3.22. As of the Closing Date, the information included in the Beneficial Ownership Certificate is true and correct in all
respects. 
 Section 3.22. FCPA. None of the Borrowers and their Subsidiaries nor any director, officer, agent, employee or, to its
knowledge, Affiliate of such Loan Party or Subsidiary is aware of or has taken any action, directly or, to its knowledge, indirectly, that would result in a violation by such Persons of the FCPA or any other applicable anti-corruption laws in the
US, European Union or the United Kingdom, including, without limitation, the United Kingdom Bribery Act and laws, regulations, and orders implementing the OECD Convention on Combatting Bribery of Foreign Public Officials in International Business
Transactions and the UNC Convention against Corruption (together, the “Anti-Corruption Laws”), including making use of the mails or any means or instrumentality of interstate commerce corruptly in furtherance of an offer, payment,
promise to pay or authorization or approval of the payment of any money, or other property, gift, promise to give or authorization of the giving of anything of value, directly or indirectly, to any “foreign official” (as such term is
defined in the FCPA) or any foreign political party or official thereof or any candidate for foreign political office in contravention of the FCPA or any other applicable Anti-Corruption Laws. The Borrowers and their Subsidiaries and to the
knowledge of the Borrowers, their respective Affiliates have conducted their businesses in compliance with the FCPA and any other applicable Anti-Corruption Laws and will maintain policies and procedures designed to promote and achieve compliance
with such laws and with the representation and warranty contained herein. 
 Section 3.23. Solvency. On the Closing Date,
after giving effect to the Transactions, including the incurrence by the Borrowers of any Loans on the Closing Date, the Lead Borrower and its Subsidiaries, taken as a whole, are Solvent. 

Section 3.24. Leases. Except as would not reasonably be expected to have a Material Adverse Effect, (a) each Loan Party
enjoys peaceful and undisturbed possession under all leases necessary for or material to their business, when taken as a whole, and to which they are parties or under which they are operating, and (b) all of such material leases are valid and
subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them. 

  
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 Section 3.25. Eligible Accounts. As to each Account that is identified by the
Borrowers as an Eligible Concession Account in a Borrowing Base Certificate submitted to the Administrative Agent, such Account is (a) a bona fide existing payment obligation of the applicable Account Debtor created by the sale and delivery of
Inventory or the rendition of services to such Account Debtor in the ordinary course of the Borrower’s business, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than any Administrative
Agent-discretionary criteria) set forth in the definition of Eligible Concession Accounts. 
 Section 3.26. Eligible
Inventory. As to each item of Inventory that is identified by the Borrowers as Eligible Inventory, Eligible In Transit Inventory or Eligible Inventory consisting of
work-in-process in a Borrowing Base Certificate submitted to the Administrative Agent, such Inventory is (a) of good and merchantable quality, free from known
defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than any Administrative Agent -discretionary criteria) set forth in the definition of Eligible Inventory (or in the case of Eligible In
Transit Inventory or Eligible Concession Inventory, after giving effect to any exclusions therefrom specified in the definition of Eligible In Transit Inventory or Eligible Concession Inventory). 

Section 3.27. Inventory Records. Each Borrower keeps records that are complete and accurate in all material respects itemizing
and describing the type, quality, and quantity of its and its Subsidiaries’ Inventory and the book value thereof. 
 Section
3.28. Disclosure. As of the Closing Date, all written information (other than the Budget, other forward-looking information and information of a general economic or industry-specific nature) concerning Holdings, the Borrowers and their
Subsidiaries and the Transactions and that was included in the Lender Presentation or otherwise prepared by or on behalf of Holdings, the Borrowers or their Subsidiaries or their respective representatives and made available to any Initial Lender or
the Administrative Agent in connection with the Transactions on or before the Closing Date, when taken as a whole, did not, when furnished, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make
the statements contained therein not materially misleading in light of the circumstances under which such statements are made (after giving effect to all supplements and updates thereto from time to time). 

Section 3.29. Senior Debt. The Obligations constitute “Senior Debt” (or the equivalent thereof) and “Designated
Senior Debt” (or the equivalent thereof, if any) under the documentation governing any subordinated Indebtedness permitted to be incurred hereunder or any other Indebtedness permitted to be incurred hereunder constituting subordinated
Indebtedness. 
 Section 3.30. Intercreditor Matters. This Agreement is the “Revolving Credit Agreement” referred to
in the Intercreditor Agreement and the Obligations hereunder are the “Revolving Credit Obligations” referred to in the Intercreditor Agreement. 

Section 3.31. Centre of Main Interests and Establishments. For the purposes of the Regulation, its centre of main interest (as
that term is used in Article 3(1) of the Regulation) is situated in the jurisdiction under whose laws that Loan Party is incorporated as at the date of this Agreement. 

Section 3.32. Pensions. 

(a) neither it nor any of its Subsidiaries is or has at any time been an employer (for the purposes of sections 38 to 51 of the Pensions Act
2004) of an occupational pension scheme which is not a money purchase scheme (both terms as defined in the Pensions Schemes Act 1993); and 

(b) neither it nor any of its Subsidiaries is or has at any time been “connected” with or an “associate” of (as those terms
are used in sections 38 and 43 of the Pensions Act 2004) such an employer. 

  
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 ARTICLE IV 

CONDITIONS OF LENDING 
 The
obligations of (a) the Lenders to make Loans and (b) any Issuing Bank to issue Letters of Credit or increase the stated amounts of Letters of Credit hereunder (each, a “Credit Event”) are subject to the satisfaction (or
waiver by the Required Lenders) of the following conditions precedent: 
 Section 4.01. Conditions to Initial Extension of
Credit. 
 (a) ABL Credit Agreement. The Administrative Agent (or its counsel) and the Initial Lenders (or their counsel) shall
have received from each party hereto either (i) a counterpart of this Agreement signed on behalf of each party or (ii) written evidence satisfactory to the Administrative Agent (or its counsel) and the Initial Lenders (or their counsel)
(which may include electronic transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this Agreement. 

(b) Intercreditor Matters. (i) The Administrative Agent (or its counsel) and the Initial Lenders (or their counsel) shall have
received (A) from the Lead Borrower a New Debt Notice (as defined in the Intercreditor Agreement) as required by Section 5.5 of the Intercreditor Agreement and (B) a written consent from the Initial Fixed Asset Collateral Agent (as
defined in the Intercreditor Agreement) to the terms hereof as required by Section 5.3(b)(ii) of the Intercreditor Agreement and (ii) the Term Loan Agent shall have received notice from the Lead Borrower that the Closing Date Refinancing
shall have been or, substantially concurrently with the effectiveness of this Agreement hereunder shall be, consummated, such notice including the identity of the Collateral Agent as the “Revolving Credit Collateral Agent” for purposes of
the Intercreditor Agreement required by Section 5.3(c) of the Intercreditor Agreement. 
 (c) Closing Date Refinancing. The
Closing Date Refinancing shall have been or, substantially concurrently with the effectiveness of this Agreement hereunder shall be, consummated. 

(d) [Reserved]. 
 (e) Delivery
of Documents. The Administrative Agent (or its counsel) and the Initial Lenders (or their counsel) shall have received on or before the Closing Date the following, each in form and substance reasonably satisfactory to the Initial Lenders (or
their counsel) and, unless indicated otherwise, dated as of the Closing Date and, if applicable, duly executed by the Persons party thereto: 

i. a favorable written opinion (or opinions) of (i) Weil, Gotshal & Manges LLP, special New York, Delaware and Florida counsel
for the Loan Parties and (ii) Hutchinson, Black and Cook LLC, special Colorado counsel for Claire’s Boutiques, Inc., in form and substance reasonably satisfactory to the Administrative Agent and counsel to the Initial Lenders
(A) dated the Closing Date, (B) addressed to the Administrative Agent and the Initial Lenders and (C) covering such matters relating to the Loan Documents as the Administrative Agent (or its counsel) and the Initial Lenders (or their
counsel) shall reasonably request; 
 ii. a joinder to the Intercreditor Agreement pursuant to which the Collateral Agent agrees to be bound
by the terms of the Intercreditor Agreement; 
 iii. the Perfection Certificate; 

iv. a Borrowing Request, if applicable; 

v. a certificate of a Responsible Officer of the Lead Borrower certifying as to the satisfaction of the conditions in Section 4.01(i);

 vi. the U.S. Collateral Agreement; 

vii. the U.K. Security Agreement; 

  
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 viii. the U.K. Security Trust Deed; 

ix. the Gibraltar Security Agreement; 

x. a solvency certificate from a Financial Officer of the Lead Borrower substantially in the form of Exhibit L hereto; 

xi. the Annual Financial Statements and the Quarterly Financial Statements; 

xii. the borrowing base certificate most recently delivered under the Exit ABL; and 

xiii. an Acknowledgment and Consent (as defined in the U.S. Collateral Agreement) substantially in the form attached to the U.S. Collateral
Agreement, executed and delivered by each issuer of Pledged Collateral under and as defined in the U.S. Collateral Agreement, if any, that is a Subsidiary of Holdings, but is not a U.S. Loan Party. 

(f) Secretary’s Certificates. The Administrative Agent (or its counsel) and the Initial Lenders (or their counsel) shall have
received in the case of each Loan Party each of the items referred to in clauses (i), (ii) and (iii) below: 
 i. a copy of the
certificate of formation or incorporation, constitutional documents or equivalent organizational document, from the applicable secretary of state of the state of organization of each Loan Party and, to the extent applicable, certified by the
applicable Governmental Authority of the U.K. Borrowers, including all amendments thereto, of such Person, certified by the Secretary or Assistant Secretary of such Person (to the extent applicable in the relevant jurisdiction); 

ii. a certificate of the Secretary or Assistant Secretary, director or similar officer of such Person dated the Closing Date and certifying:

 (A) that attached thereto is a true and complete copy of the limited liability company agreement, constitutional documents, bylaws or
other applicable governing document of such Person as in effect on the Closing Date and at all times since a date prior to the date of the resolutions described in clause (B) below, 

(B) that attached thereto is a true and complete copy of resolutions duly adopted by (i) its Board of Directors and (ii) in the case
of the U.K. Borrowers only, all of the holders of the issued shares in each U.K. Borrower, in each case, authorizing the execution, delivery and performance of the Loan Documents to which such Person is a party and, if applicable, the borrowings
hereunder, and that such resolutions have not been modified, rescinded or amended and are in full force and effect on the Closing Date, 

(C) that the certificate of formation or incorporation or equivalent organizational document, as applicable, of such Person has not been
amended since the date of the last amendment thereto disclosed pursuant to clause (i) above, 
 (D) as to the incumbency and specimen
signature of each officer executing any Loan Document or any other document delivered in connection herewith on behalf of such Person, and 

(E) as to the absence of any pending proceeding for the dissolution or liquidation of such Person (except in respect of the U.K. Borrowers);
and 
 iii. a certificate of a director or another officer as to the incumbency and specimen signature of the Secretary or Assistant
Secretary, director or similar officer executing the certificate pursuant to clause (ii) above (and which may be contained within the same certificate set out in clause (ii) above). 

  
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 (g) Collateral Documents. The elements of the Collateral and Guarantee Requirement
required to be satisfied on the Closing Date shall have been satisfied, together with all attachments contemplated thereby, and the results of intellectual property, tax, judgment and Uniform Commercial Code searches with respect to each U.S.
Borrower and their respective property and copies of the financing statements (or similar documents) disclosed by such search and evidence reasonably satisfactory to the Lenders that the Liens indicated by such financing statements (or similar
documents) are Permitted Liens or have been released. The U.K. Borrowers shall deliver notices in accordance with the U.K. Security Agreement. 

(h) Patriot Act. The Administrative Agent and Initial Lenders shall have received (i) all documentation and other information
required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act that have been reasonably requested by the Administrative Agent or the Initial Lenders
in writing at least ten (10) Business Days prior to the Closing Date and (ii) if and to the extent requested, at least three (3) Business Days prior to the Closing Date, if any Borrower qualifies as a “legal entity customer”
under the Beneficial Ownership Regulation, a Beneficial Ownership Certification in relation to such Borrower. 
 (i) Representations and
Warranties; No Default or Event of Default. The representations and warranties set forth in the Loan Documents shall be true and correct in all material respects as of such date, as applicable, with the same effect as though made on and as of
such date, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties shall be true and correct in all material respects as of such earlier date). No Event of
Default or Default shall have occurred and be continuing. 
 (j) Payment of Fees, Expenses, Etc. The Borrowers shall have paid, on or
before the Closing Date, (a) all fees required to be paid on the Closing Date pursuant to Section 2.10 and (b) all other fees, costs and expenses (including pursuant to Section 9.05) due
and payable on the Closing Date to the extent invoiced at least two (2) Business Days prior to the Closing Date. 
 (k) Persons with
Significant Control. In respect of each company incorporated in the United Kingdom whose shares are the subject of the Collateral (a “Charged Company”), either: 

i. a certificate of an authorised signatory of Holdings certifying that: 

(A) each Loan Party has complied within the relevant timeframe with any notice it has received pursuant to Part 21A of the Companies Act 2006
from that Charged Company; and 
 (B) no “warning notice” or “restrictions notice” (in each case as defined in Schedule
1B of the Companies Act 2006) has been issued in respect of those shares, together with a copy of the “PSC register” (within the meaning of section 790C(10) of the Companies Act 2006) of that Charged Company, which, in the case of a
Charged Company that is a Loan Party, is certified by an authorised signatory of Holdings to be correct, complete and not amended or superseded as at a date no earlier than the date of this Agreement; or 

ii. a certificate of an authorised signatory of Holdings certifying that such Charged Company is not required to comply with Part 21A of the
Companies Act 2006. 
 For purposes of determining compliance with the conditions specified in this Article IV, each Lender shall be deemed
to have received, consented to, approved or accepted or to be satisfied with each document, condition or other matter required thereunder to be received, consented to or approved by or acceptable or satisfactory to the Lenders or the Required
Lenders and the fulfillment of all conditions unless a Responsible Officer of the Administrative Agent shall have received written notice from such Lender prior to the Closing Date specifying its objection thereto. 

Section 4.02. Conditions to all Extensions of Credit. On the date of each Borrowing and on the date of each issuance, amendment,
extension or renewal of a Letter of Credit (in each case, unless waived by the Required Lenders): 

  
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 (a) The Administrative Agent shall have received, in the case of a Borrowing, a Borrowing
Request as required by Section 2.03 or, in the case of the issuance of a Letter of Credit, the applicable Issuing Bank and the Administrative Agent shall have received a notice requesting the issuance of such Letter of Credit as required by
Section 2.04(b). 
 (b) The representations and warranties set forth in the Loan Documents shall be true and correct in all material
respects as of such date (other than an amendment, extension or renewal of a Letter of Credit without any increase in the stated amount of such Letter of Credit), as applicable, with the same effect as though made on and as of such date, except
(i) to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties shall be true and correct in all material respects as of such earlier date) or (ii) to the extent
qualified by or subject to a “material adverse effect” or similar term or qualification, in which case such representations and warranties shall be true and correct in all respects. 

(c) At the time of and immediately after such Borrowing or issuance, amendment, extension or renewal of a Letter of Credit (other than an
amendment, extension or renewal of a Letter of Credit without any increase in the stated amount of such Letter of Credit), as applicable, no Event of Default or Default shall have occurred and be continuing. 

(d) After giving effect to (i) any Borrowing of U.S. Loans or the issuance (or deemed issuance, as may be applicable), amendment,
extension or renewal of any Letter of Credit for the account of any U.S. Borrower, clauses (a) and (b) of the Availability Conditions shall be satisfied and (ii) any Borrowing of U.K. Loans or the issuance (or deemed issuance, as may be
applicable), amendment, extension or renewal of any Letter of Credit for the account of any U.K. Borrower, clauses (a) and (c) of the Availability Conditions shall be satisfied. 

Each such Borrowing and each issuance, amendment, extension or renewal of a Letter of Credit shall be deemed to constitute a representation
and warranty by the Loan Parties on the date of such Borrowing, issuance, amendment, extension or renewal as applicable, as to the applicable matters specified in paragraphs (b), (c) and (d) of this Section 4.02. 

ARTICLE V 
 AFFIRMATIVE COVENANTS

 Holdings and the Borrowers covenant and agree with each Agent and each Lender that, so long as this Agreement shall remain in effect and
until the date on which the principal of, and interest on, each Loan and all Obligations (other than contingent indemnification Obligations and expense reimbursement claims to the extent no claim therefor has been made) have been paid in full in
cash, all Commitments have been terminated and/or expired and all Letters of Credit have been canceled or have expired and all amounts drawn or paid thereunder have been reimbursed in full or cash collateralized or backstopped in a manner reasonably
satisfactory to the Issuing Bank (such date, the “Termination Date”), unless the Required Lenders, in their sole discretion, shall otherwise consent in writing, Holdings (where applicable) and the Borrowers will, and will cause each
of their respective Subsidiaries to: 
 Section 5.01. Existence; Businesses and Properties. 

(a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except, other than in
the case of the Lead Borrower, where the failure to do so would not reasonably be expected to have a Material Adverse Effect and except as otherwise expressly permitted under Section 6.05; provided, that it is understood and agreed that
the Lead Borrower may liquidate or dissolve one or more Subsidiaries (including Subsidiaries that the Lead Borrower determines in good faith are underperforming) if the assets of such Subsidiaries are acquired by the Lead Borrower or a Wholly Owned
Subsidiary of the Lead Borrower in such liquidation or dissolution, except that assets of Borrowers may not be acquired by Subsidiaries that are not Borrowers, and assets of Domestic Subsidiaries may not be acquired by Foreign Subsidiaries, in such
liquidation or dissolution. 

  
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 (b) Except where the failure to do so would not reasonably be expected to have a Material
Adverse Effect, do or cause to be done all things necessary to (i) lawfully obtain, preserve, renew, extend and keep in full force and effect all permits, franchises, leases, authorizations, patents, trademarks, service marks, trade names,
copyrights, licenses and rights with respect thereto, in each case, beneficially used or useful in the conduct of the business of Holdings, the Lead Borrower or any Subsidiary (other than an Immaterial Subsidiary), and (ii) at all times
maintain and preserve all property beneficially used or useful in the conduct of the business of Holdings, the Lead Borrower or any Subsidiary (other than an Immaterial Subsidiary) and keep such property in good repair, working order and condition
and from time to time make, or cause to be made, all needful and proper repairs, renewals, additions, improvements and replacements thereto necessary in order that the business carried on in connection therewith, if any, may be properly conducted at
all times (in each case except as expressly permitted by this Agreement); it being understood and agreed that a failure to comply with clause (i) of this Section 5.01(b) because the Lead Borrower or the relevant Subsidiary is not able to
procure any required consent, approval or other cooperation from any unaffiliated counterparty to any franchise, lease or license shall not result in a breach of this Section 5.01(b) if the Lead Borrower or the relevant Subsidiary used
commercially reasonable efforts to obtain such consent, approval or other cooperation (unless such consent, approval or other cooperation was not obtained as a result of an action or omission by Holdings, the Lead Borrower or any Subsidiary that
violates the terms or conditions of such franchise, lease or license). 
 (c) Procure that, for the purposes of the Regulation, each U.K.
Borrower’s (other than CGHL) centre of main interest (as that term is used in Article 3(1) of the Regulation) is situated in its jurisdiction of organization. 

Section 5.02. Insurance. 

(a) Maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily
maintained by similarly situated companies engaged in the same or similar businesses operating in the same or similar locations and cause the Collateral Agent to be listed as a co-loss payee on property and
casualty policies and as an additional insured on liability policies. 
 (b) If any improvements located on any Mortgaged Property are at any
time located in an area identified by the Federal Emergency Management Agency (or any successor agency) as a Special Flood Hazard Area with respect to which flood insurance has been made available under the National Flood Insurance Act of 1968 (as
now or hereafter in effect or successor act thereto), then the Lead Borrower shall, or shall cause the applicable Loan Party to (i) maintain, or cause to be maintained, with a financially sound and reputable insurer, flood insurance in an
amount and otherwise sufficient to comply with all applicable rules and regulations promulgated pursuant to the Flood Insurance Laws and (ii) deliver to the Collateral Agent evidence of such compliance in form and substance reasonably
acceptable to the Collateral Agent (acting at the written direction of Required Lenders). 
 (c) In connection with the covenants set forth
in this Section 5.02, it is understood and agreed that: 
 i. neither any Agent, the Lenders, nor their respective agents or employees
shall be liable for any loss or damage insured by the insurance policies required to be maintained under this Section 5.02, it being understood that (A) the Loan Parties shall look solely to their insurance companies or any other parties
other than the aforesaid parties for the recovery of such loss or damage and (B) such insurance companies shall have no rights of subrogation against any Agent, the Lenders or their agents or employees. If, however, the insurance policies, as a
matter of the internal policy of such insurer, do not provide waiver of subrogation rights against such parties, as required above, then the Borrowers, on behalf of itself and behalf of each of the Subsidiaries, hereby agree, to the extent permitted
by law, to waive, and further agrees to cause each of the Subsidiaries to waive, its right of recovery, if any, against each Agent, the Lenders and their agents and employees; and 

ii. the designation of any form, type or amount of insurance coverage by the Required Lenders under this Section 5.02 shall in no event
be deemed a representation, warranty or advice by the Required Lenders that such insurance is adequate for the purposes of the business of the Borrowers and the Subsidiaries or the protection of their properties. 

  
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 Section 5.03. Taxes. Pay and discharge promptly when due all material Taxes
imposed upon it or upon its income or profits or in respect of its property, before the same shall become delinquent or in default, as well as all lawful claims which, if unpaid, might give rise to a Lien (other than a Permitted Lien) upon such
properties or any part thereof; provided, however, that such payment and discharge shall not be required with respect to any such Tax so long as (a) the validity or amount thereof shall be contested in good faith by appropriate
proceedings and (b) the Borrowers or the affected Subsidiary, as applicable, shall have set aside on its books reserves in accordance with the applicable accounting principles with respect thereto. Each U.K. Borrower (i) will maintain is
residence for Tax purposes in its jurisdiction of incorporation and (ii) expect as otherwise disclosed in any joinder or counterpart to this Agreement, will not carry on a trade through a permanent establishment outside its jurisdiction of
incorporation; it being understood and agreed that this Section 5.03 shall not prohibit the establishment or operation of “branch offices” in other jurisdictions. 

Section 5.04. Financial Statements, Reports, etc. Furnish to the Administrative Agent (which will promptly furnish such
information to the Lenders): 
 (a) no later than 90 days (or, in the case of the fiscal year ending February 2, 2019, 120 days) after
the end of each fiscal year (commencing with the fiscal year ending February 2, 2019), a consolidated balance sheet and related statements of operations, cash flows and owners’ equity showing the financial position of the Lead Borrower and
the Subsidiaries as of the close of such fiscal year and the consolidated results of its operations during such year setting forth in comparative form the corresponding figures for the prior fiscal year, which consolidated balance sheet and related
statements of operations, cash flows and owners’ equity shall be accompanied by customary management’s discussion and analysis (commencing with the fiscal year ending February 1, 2020) and audited by independent public accountants of
recognized national standing and accompanied by an opinion of such accountants (which shall not be qualified as to scope of audit or as to the status of the Lead Borrower or any subsidiary as a going concern (other than any going concern
qualification or matter of emphasis arising as a result of the anticipated breach of any financial covenant)) to the effect that such consolidated financial statements fairly present, in all material respects, the financial position and results of
operations of the Lead Borrower and the subsidiaries on a consolidated basis in accordance with GAAP (it being understood that the filing with the SEC of annual reports on Form 10-K of the Lead Borrower and
its consolidated subsidiaries, or delivery by the Lead Borrower of such reports, shall satisfy the requirements of this Section 5.04(a) to the extent such annual reports include the information specified herein); 

(b) no later than 45 days after the end of each of the first three (3) fiscal quarters of each fiscal year (commencing with the fiscal
quarter ending May 4, 2019), a consolidated balance sheet and related statements of operations and cash flows showing the financial position of the Lead Borrower and the subsidiaries as of the close of such fiscal quarter and the consolidated
results of its operations during such fiscal quarter and the then elapsed portion of the fiscal year and setting forth in comparative form the corresponding figures for the corresponding periods of the prior fiscal year, all of which shall be in
reasonable detail and which consolidated balance sheet and related statements of operations and cash flows shall be accompanied by customary management’s discussion and analysis (commencing with the fiscal quarter ending August 3, 2019)
and certified by a Financial Officer of the Lead Borrower on behalf of the Lead Borrower as fairly presenting, in all material respects, the financial position and results of operations of the Lead Borrower and the subsidiaries on a consolidated
basis in accordance with GAAP (subject to normal year-end audit adjustments and the absence of footnotes) (it being understood that the filing with the SEC of quarterly reports on Form 10-Q of the Lead Borrower and its consolidated subsidiaries, or the delivery by the Lead Borrower of such reports, shall satisfy the requirements of this Section 5.04(b) to the extent such quarterly reports
include the information specified herein); 
 (c) concurrently with any delivery of financial statements under paragraphs (a) or (b)
above, a certificate of a Financial Officer of the Lead Borrower (i) certifying that no Event of Default or Default has occurred or, if such an Event of Default or Default has occurred, specifying the nature and extent thereof and any
corrective action taken or proposed to be taken with respect thereto, (ii) to the extent that compliance with the financial covenant under Section 6.11 is (or was) required in respect of the period covered by such financial statements,
certifying as to (and containing reasonably detailed calculations demonstrating) compliance with such financial covenant as of the last day of the applicable Test Period, (iii) certifying a list of names of all Immaterial Subsidiaries, that
each subsidiary set forth on such list individually qualifies as an Immaterial Subsidiary and that all such Subsidiaries in the aggregate do not exceed the limitation set forth in clause (b) of the definition of the term “Immaterial
Subsidiary”, and (iv) certifying a list of names of all Unrestricted Subsidiaries and that each subsidiary set forth on such list qualifies as an Unrestricted Subsidiary; 

  
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 (d) within 15 days after filed with the SEC, any reports of the Lead. Borrower filed on Form
8-K (it being understood that the filing with the SEC of reports on Form 8-K of the Lead Borrower and its Subsidiaries, or the delivery by the Lead Borrower of such
reports, shall satisfy the requirements of this Section 5.04(d)); 
 (e) concurrently with any delivery of financial statements under
paragraphs (a) or (b) above, the related consolidated financial statements reflecting the adjustments necessary (as determined by the Administrative Agent and the Lead Borrower in good faith) to eliminate the accounts of Unrestricted
Subsidiaries (if any) from such consolidated financial statements; 
 (f) within 90 days after the beginning of each fiscal year, a
reasonably detailed consolidated annual budget for such fiscal year (including a projected consolidated balance sheet of the Lead Borrower and the Subsidiaries as of the end of the following fiscal year, and the related statement or schedule of
projected cash flow and projected income), including a description of underlying assumptions with respect thereto (collectively, the “Budget”), which Budget shall in each case be accompanied by the statement of a Financial Officer
of the Lead Borrower to the effect that the Budget it based on assumptions believed by such Financial Officer to be reasonable as of the date of delivery thereof. 

Section 5.05. Litigation and Other Notices. Furnish to the Administrative Agent (which will promptly thereafter furnish to the
Lenders) written notice of the following as promptly as possible, but in any event no later than three (3) Business Days after any Responsible Officer of the Lead Borrower obtains actual knowledge thereof: 

(a) the occurrence of (x) any Event of Default or Default or (y) any default or event of default under (i) the Term Loan Credit
Agreement, (ii) any Permitted Term Priority Indebtedness Documents or (iii) the documentation governing any other Material Indebtedness, in each case of clauses (x) and (y), specifying the nature and extent thereof and the corrective
action (if any) proposed to be taken with respect thereto; and 
 (b) the filing or commencement of, or any written threat or notice of
intention of any Person to file or commence, any action, suit or proceeding, whether at law or in equity or by or before any Governmental Authority or in arbitration, against a Borrower or any of the Subsidiaries as to which an adverse determination
is reasonably probable and which, if adversely determined, would reasonably be expected to have a Material Adverse Effect. 
 Section
5.06. Compliance with Laws. Comply with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be
expected to result in a Material Adverse Effect; provided, that this Section 5.06 shall not apply to laws related to Taxes, which are the subject of Section 5.03. 

Section 5.07. Maintaining Records; Access to Properties and Inspections. 

(a) Maintain all financial records in accordance with GAAP (or, in the case of the U.K. Borrowers (other than CGHL), in conformity with
generally accepted accounting principles that are applicable in the United Kingdom) and permit any Persons designated by the Administrative Agent (acting at the written direction of Required Lenders) or, upon the occurrence and during the
continuance of an Event of Default, any Lender to visit and inspect the financial records and the properties of the Borrowers or any of the Subsidiaries at reasonable times, upon reasonable prior notice to the Lead Borrower, and as often as
reasonably requested and to make extracts from and copies of such financial records, and permit any Persons designated by the Administrative Agent (acting at the written direction of Required Lenders) or, upon the occurrence and during the
continuance of an Event of Default, any Lender upon reasonable prior notice to the Lead Borrower to discuss the affairs, finances and condition of Holdings, the Borrowers or any of the Subsidiaries with the officers thereof and independent
accountants therefor (subject to reasonable requirements of confidentiality, including requirements imposed by law or by contract), provided that in the absence of the existence of an Event of Default only one (1) inspection shall be
permitted per fiscal year (it being understood that such inspection shall be at the Borrowers’ expense); provided, further, that when an Event of Default exists, all inspections shall be at the expense of the Borrowers. 

  
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 (b) The Loan Parties shall permit the Administrative Agent to conduct (i) one field
examination and one inventory appraisal per fiscal year with respect to the Borrowers, prepared by an appraiser reasonably satisfactory to the Administrative Agent (it being understood that Hilco Valuation Services is satisfactory to the
Administrative Agent and the field examination and inventory appraisal delivered by Hilco Valuation Services in May 2018 shall satisfy the requirement in this clause (i) for the fiscal year ending February 2, 2019) at the Borrowers’
cost and expense, (ii) a second field examination and inventory appraisal per fiscal year with respect to the Borrowers at the Borrowers’ cost and expense if, at the time of the relevant field examination or inventory appraisal, Excess
Global Availability shall have been less than the greater of (1) 15% of the Global Line Cap and (2) $11,250,000 for three (3) consecutive days and (iii) upon the reasonable request of the Administrative Agent, a third field examination and
inventory appraisal per fiscal year with respect to the Borrowers at the Borrowers’ cost and expense if, at the time of the relevant field examination or inventory appraisal, an Event of Default is continuing. 

Section 5.08. Use of Proceeds. Use the proceeds of the Loans and request issuance of Letters of Credit solely (a) to
refinance all outstanding obligations and replace commitments under the Exit ABL, (b) to pay the fees, costs and expenses incurred in connection with the Transactions, (c) for general corporate purposes and for working capital requirements
of the Loan Parties and their subsidiaries and (d) for any other purposes not prohibited by the terms of the Loan Documents. 

Section 5.09. Environmental Matters. Furnish to the Administrative Agent (which will promptly thereafter furnish to the Lenders)
written notice of the following promptly after any Responsible Officer of the Borrowers obtains actual knowledge thereof, in each case solely to the extent the same would reasonably be expected to have a Material Adverse Effect: 

(a) any pending or threatened Environmental Claim against a Borrower or any Subsidiary or any Real Property owned, leased or operated by a
Borrower or any Subsidiary; 
 (b) any condition or occurrence on or arising from any Real Property owned, leased or operated by a Borrower
or any Subsidiary that (a) results in noncompliance by a Borrower or any Subsidiary with any applicable Environmental Law or (b) would reasonably be expected to form the basis of an Environmental Claim against a Borrower or any Subsidiary
or any such Real Property; 
 (c) any condition or occurrence on any Real Property owned, leased or operated by a Borrower or any Subsidiary
that could reasonably be expected to cause such Real Property to be subject to any restrictions on the ownership, lease, occupancy, use or transferability by such Borrower or Subsidiary of such Real Property under any Environmental Law; and 

(d) the taking of any removal or remedial action in response to the actual or alleged presence of any Hazardous Material on any Real Property
owned, leased or operated by a Borrower or any Subsidiary as required by any Environmental Law or any governmental or other administrative agency and all notices received by a Borrower or any Subsidiary from any government or governmental agency
under, or pursuant to, CERCLA which identify such Borrower or Subsidiary as potentially responsible parties for remediation costs or which otherwise notify such Borrower or Subsidiary of potential liability under CERCLA. 

All such notices shall describe in reasonable detail the nature of the claim, investigation, condition, occurrence or removal or remedial
action and such Borrower’s or such Subsidiary’s response thereto. 
 Section 5.10. Further Assurances; Additional
Security. 
 (a) Execute any and all further documents, financing statements, agreements and instruments, and take all such further
actions (including the filing and recording of financing statements, fixture filings, Mortgages and other documents and recordings of Liens in stock registries), that may be required under any applicable law, or that the Collateral Agent (acting at
the written direction of Required Lenders) may reasonably 

  
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request, to satisfy the Collateral and Guarantee Requirement and to cause the Collateral and Guarantee Requirement to be and remain satisfied, all at the expense of the Loan Parties and provide
to the Collateral Agent, from time to time upon reasonable request (acting at the written direction of Required Lenders), evidence reasonably satisfactory to the Collateral Agent as to the perfection and priority of the Liens created or intended to
be created by the Security Documents. 
 (b) [Reserved]. 

(c) Not later than the date of delivery of financial statements immediately following the acquisition of such Real Property pursuant to
Section 5.04(a) or (b) (or such later date to which the Collateral Agent may reasonably agree), notify the Collateral Agent, in writing, of the acquisition of, grant and cause each of the Borrowers to grant to the Collateral Agent security
interests and mortgages in such owned Real Property of such Borrower as are not covered by the then existing Mortgages, to the extent acquired after the Closing Date and having a value at the time of acquisition in excess of $2.5 million
pursuant to Mortgages (each, an “Additional Mortgage”) and constituting valid and enforceable Liens subject to no other Liens except Permitted Liens at the time of perfection thereof, record or file, and cause each such Borrower to
record or file, the Additional Mortgage or instruments related thereto in such manner and in such places as is required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to
the Additional Mortgages and pay, and cause each such Borrower to pay, in full, all Taxes, fees and other charges payable in connection therewith, in each case (i) subject to the limitations set forth in the definition of “Collateral and
Guarantee Requirement” and paragraph (g) below and (ii) if applicable, in compliance with Clauses 11.3 and 11.4 of the U.K. Security Agreement. Unless otherwise waived by the Collateral Agent (acting at the written direction of
Required Lenders), with respect to each such Additional Mortgage, the Borrowers shall deliver to the Collateral Agent contemporaneously therewith a title insurance policy, and a survey. 

(d) If (i) any additional Subsidiary of Holdings that is a Domestic Person (other than any Domestic Subsidiary of any Foreign Subsidiary)
or is organized under the laws of England and Wales (other than, for the avoidance of doubt, Gibraltar) (other than an Immaterial Subsidiary or a Subsidiary of a Foreign Subsidiary (other than a Subsidiary organized under the laws of England and
Wales)) is formed or acquired after the Closing Date (with any Subsidiary Redesignation resulting in an Unrestricted Subsidiary becoming a Subsidiary being deemed to constitute the acquisition of a Subsidiary) or (ii) any Domestic Subsidiary of
Holdings or any Subsidiary of Holdings organized under the laws of the England and Wales ceases to be an Immaterial Subsidiary or a Subsidiary of a Foreign Subsidiary (other than a Subsidiary organized under the laws of England and Wales) after the
Closing Date, within 20 Business Days (or such longer period as the Collateral Agent (acting at the written direction of Required Lenders) shall agree) after the date such Subsidiary is formed or acquired (in the case of clause (i)) or ceases to be
an Immaterial Subsidiary or a Subsidiary of a Foreign Subsidiary (in the case of clause (ii)), cause the Collateral and Guarantee Requirement to be satisfied with respect to such Subsidiary and with respect to any Equity Interest in, or Indebtedness
of, such Person owned by or on behalf of any Loan Party, subject to the limitations set forth in the definition of “Collateral and Guarantee Requirement” and in paragraph (g) below. The requirements set forth in this
Section 5.10(d) shall not apply to any direct or indirect subsidiary of Holdings, to the extent that the burden, cost, or adverse tax consequences of providing such guarantee or granting such Lien outweighs the benefit afforded thereby as
reasonably determined by the Administrative Agent and the Lead Borrower. 
 (e) If any Foreign Person is formed or acquired after the Closing
Date (with any Subsidiary Redesignation resulting in an Unrestricted Subsidiary becoming a Subsidiary being deemed to constitute the acquisition of a Subsidiary) and if such Foreign Person is directly owned by Holdings or any U.S. Borrower, within
20 Business Days after the date such Foreign Person is formed or acquired (or such longer period as the Collateral Agent (acting at the written direction of Required Lenders) shall agree), cause the Collateral and Guarantee Requirement to be
satisfied with respect to any Equity Interest in such Foreign Person owned by or on behalf of Holdings or any U.S. Borrower, subject to the limitations set forth in the definition of “Collateral and Guarantee Requirement” and in paragraph
(g) below. 
 (f) Furnish to the Collateral Agent prompt written notice of any change (A) in any Loan Party’s corporate or
organization name, (B) in any Loan Party’s identity or organizational structure or (C) in any Loan Party’s organizational identification number. 

  
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 (g) Notwithstanding anything to the contrary in the definition of “Collateral and
Guarantee Requirement”, in paragraphs (a) through (f) of this Section 5.10 and/or in any other Loan Document: (A) the Collateral shall exclude (collectively, the “Excluded Collateral”) (i) any interests in Real
Property held by the Lead Borrower or any of the Subsidiaries (x) as a lessee under a lease or (y) as fee-owner but only if such fee- owned Real Property has
an individual Fair Market Value in an amount less than $2.5 million, as determined by the Lead Borrower in good faith on the date hereof or, if purchased after the date hereof, as determined by the purchase price thereof, (ii) equipment
subject to Capital Lease Obligations or purchase money financing to the extent such Capital Lease Obligations or purchase money financing are permitted under this Agreement and the terms thereof prohibit a grant of a security interest therein,
(iii) (1) any Equity Interests acquired after the Closing Date (other than Equity Interests in the Borrowers or, in the case of any Person which is a Subsidiary, Equity Interests in such Person issued or acquired after such Person became a
Subsidiary) in accordance with this Agreement if, and to the extent that, and for so long as doing so would violate (x) applicable law binding on such Equity Interests or (y) in the case of any Equity Interests in any Person that is not a
Subsidiary, an enforceable contractual obligation binding on such Equity Interests if such obligation existed at the time of the acquisition thereof and was not created or made binding on such Equity Interests in contemplation of or in connection
with the acquisition of such Person, in each case of clauses (x) and (y), after giving effect to the applicable anti-assignment provisions of the Uniform Commercial Code and other applicable law and (2) directors’ qualifying shares,
(iv) any assets acquired after the Closing Date, to the extent that, and for so long as, taking such actions would violate applicable law or an enforceable contractual obligation binding on such assets that existed at the time of the
acquisition thereof and was not created or made binding on such assets in contemplation or in connection with the acquisition of such assets (except in the case of assets acquired with Indebtedness permitted pursuant to Section 6.01(h) that is
secured by a Permitted Lien), in each case, after giving effect to the applicable anti-assignment provisions of the Uniform Commercial Code and other applicable law, (v) those assets as to which the Administrative Agent shall reasonably
determine that the costs of obtaining such a security interest are excessive in relation to the value of the security to be afforded thereby, (vi) escrow, trust and fiduciary accounts, in each case of this clause (vi), entered into in the
ordinary course of business and consistent with prudent business judgment (as determined by the applicable Loan Party in good faith), where the applicable Loan Party holds the funds exclusively for the benefit of an unaffiliated third party,
(vii) any Letter- of-Credit Right to the extent any Loan Party is required by applicable law to apply the proceeds of a drawing of such letter of credit for a specified purpose; provided that, upon
the reasonable request of the Collateral Agent (acting at the written direction of the Required Lenders), the Lead Borrower shall, and shall cause any applicable Subsidiary to, use commercially reasonable efforts to have waived or eliminated any
contractual obligation of the types described in clauses (iii) or (iv) of this clause (A), (viii) any cash or securities held in deposit or securities account of a Loan Party in relation to any U.K. Borrower granting any guarantees to the
extent that it would result in unlawful financial assistance within the meaning of sections 678 or 679 of the Companies Act 2006; (ix) any intent-to-use Trademark (as
defined in the U.S. Collateral Agreement) application prior to the filing and acceptance of a “Statement of Use” or “Amendment to Allege Use” filing with respect thereto by the United States Patent and Trademark Office, only to
the extent, if any, that, and solely during the period if any, in which, the grant of a security interest therein may impair the validity or enforceability of such
intent-to-use Trademark (as defined in the U.S. Collateral Agreement) application under applicable federal law; and (x) any asset of a U.K. Borrower in relation to
which there is any legal requirement or third party arrangement (including shareholder agreements, landlord consent requirements, contracts, leases, licensing arrangements or joint venture arrangements) which would prevent, prohibit, restrict, limit
or condition, absolutely or conditionally (whether by contract or otherwise), such asset from being legal, binding and enforceable Collateral (or if secured, would give a third party the right to terminate or otherwise amend any rights, benefits
and/or obligations of any such Loan Party in respect of those assets or require such Loan Party to take any action materially adverse to its interests) (collectively, a “Restriction”) and (xi) unless either (1) the U.K.
Cash Pooling Amendment Effective Date occurs or (2) the documentation governing the U.K. HSBC Pooling Accounts is otherwise amended, modified, terminated, changed or replaced, the result of which is to permit the U.K. Borrowers (other than
CGHL) to grant a Lien on the U.K. HSBC Pooling Accounts to secure the Obligations, the U.K. HSBC Pooling Accounts and/or any cash held therein; and (B) the Loan Parties shall not be required to take any action to perfect a security interest in
(i) any vehicle subject to a certificate of title or ownership to the extent a security interest therein cannot be perfected by a UCC filing, (ii) those assets as to which the Required Lenders shall reasonably determine that the costs of
perfecting such a security interest are excessive in relation to the value of the security to be afforded thereby, (iii) any deposit account exclusively used for payroll, payroll taxes, or other employee wage and benefit payments for the
benefit of any Borrower’s or any other Loan Party’s employees, (iv) petty cash and other deposit accounts (other than store-level deposit accounts), in which the balance does not exceed $100,000 in the aggregate at any one time,
(v) store-level deposit accounts in which the balance does not exceed 

  
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$5,000 per store, but only if such balances are swept into a deposit account subject to a Control Arrangement not less frequently than on a weekly basis, (vi) at any time on or prior to
June 30, 2019 (or such later date to which the Administrative Agent may reasonably agree), any deposit account and/or securities account of any Loan Party by “control” pursuant to Sections 9-104
or 8-106(d), respectively, of the Uniform Commercial Code and any cash held in deposit accounts of a Loan Party and (vii) if (1) the U.K. Cash Pooling Amendment Effective Date occurs or (2) the
documentation governing the U.K. HSBC Pooling Accounts is otherwise amended, modified, terminated or changed, the result of which is to permit the U.K. Borrowers (other than CGHL) to grant a Lien on the U.K. HSBC Pooling Accounts to secure the
Obligations, the U.K. HSBC Pooling Accounts (the accounts described in clauses (vi) and (xi) of clause (A) and in clauses (iii), (iv), (v), (vi) and (vii) of this clause (B), as applicable, collectively, the “Excluded
Accounts”). 
 (h) Notwithstanding anything to the contrary herein or in any other Loan Document, (i) in no event shall
(A) any U.K. Borrower or any other Foreign Subsidiary, (B) any Qualified CFC Holding Company or (C) any Domestic Subsidiary that is a direct or indirect subsidiary of any Foreign Subsidiary be required and/or deemed to guarantee or be
otherwise liable for, including as primary obligor, and/or grant any Lien or otherwise pledge any asset to secure, the U.S. Loans or any other Obligation of Holdings and/or any U.S. Borrower, (ii) in no event shall any proceeds of any
Collateral pledged by any U.K. Borrower or any other Foreign Subsidiary be applied to satisfy any U.S. Loan and/or any other Obligation of Holdings and/or any U.S. Borrower and (iii) in no event shall Holdings or any U.S. Borrower, in its
capacity as a borrower and/or guarantor under any Loan Document, be deemed to have pledged more than 100% of the outstanding non-voting Equity Interests or 65% of the issued and outstanding voting Equity
Interests of (A) any Foreign Person directly owned by Holdings or such U.S. Borrower or (B) any Qualified CFC Holding Company directly owned by Holdings or such U.S. Borrower to secure any Obligations. 

(i) Save as expressly required as a condition precedent herein or in any other Loan Document, no U.K. Loan Party shall have any obligation to
investigate title, review documentation or registers, provide surveys or other insurance, environmental or other due diligence or diligence of any potentially applicable Restriction, or to identify, satisfy or remove any such Restriction. 

(j) The applicable U.K. Borrowers shall use commercially reasonable efforts to amend (the “U.K. Cash Pooling Amendment”) the
documentation governing the U.K. HSBC Pooling Accounts to permit such U.K. Borrowers (other than CGHL) to grant a Lien on the U.K. HSBC Pooling Accounts to secure the Obligations until the earlier of (i) 90 days after the Closing Date, or such later
date as the Administrative Agent may agree and (ii) the date on which the Borrower determines in good faith that HSBC will not agree to the U.K. Cash Pooling Amendment (such earlier date, the “U.K. Cash Pooling Amendment Obligation End
Date”); it being understood and agreed that this clause (j) shall not require the Lead Borrower and/or any Subsidiary to increase the amount of compensation paid or payable to HSBC in connection with the U.K. HSBC Pooling Accounts or
modify the terms of the documentation governing the U.K. HSBC Pooling Accounts in a manner that adversely affects the utility of the U.K. Cash Pooling Accounts in the operation of the business of the Lead Borrower and its Subsidiaries. 

(k) Notwithstanding anything to the contrary herein or in any other Loan Document, the assets of the U.K. Borrowers shall only comprise
Excluded Collateral for the purpose of any fixed charge or any floating charge security interest contained in the U.K. Security Documents to the extent that (i) there is a Restriction on charging that asset or (ii) such asset is an
interest in Real Property held by a U.K. Borrower (x) as a lessee under a lease or (y) as fee-owner but only if such fee-owned Real Property has an individual
Fair Market Value in an amount less than $2.5 million, as determined by the Lead Borrower in good faith on the date hereof or, if purchased after the date hereof, as determined by the purchase price thereof or there is less than 10 years
remaining on the term of the applicable lease. 
 Section 5.11. Lender Calls. If requested by the Administrative Agent,
but in any event within 15 Business Days of each date that financial statements are required to be delivered pursuant to Section 5.04(a), the Lead Borrower shall conduct one (1) conference call in each fiscal year of the Lead Borrower with
management of the Lead Borrower and the Lenders who choose to attend such conference call (at such date and time as reasonably agreed by the Lead Borrower and the Administrative Agent) to discuss the financial performance of the Lead Borrower and
the Subsidiaries. 

  
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 Section 5.12. Physical Inventories and Cycle Counts. The Loan Parties, at
their own expense, shall cause not less than (a) one (1) cycle count for each distribution center, warehouse, shipping center, plant, factory or other similar location of the U.S. Borrowers (which for the avoidance of doubt excludes retail
stores), in each case, to the extent any such location contains assets included in the calculation of the Borrowing Base at such time, to be conducted during each such Fiscal Year of the Loan Parties, and (b) one (1) physical inventory for each
retail store location of the U.S. Borrowers to be conducted during each such Fiscal Year of the U.S. Borrowers, in each case, conducted by the U.S. Borrowers and following such methodology as is consistent with the methodology used in the
immediately preceding inventory or as otherwise may be reasonably satisfactory to the Administrative Agent. The U.S. Borrowers, within 30 days following the completion of such inventory, shall provide the Administrative Agent with a reconciliation
of the results of such inventory (as well as of any other physical inventory undertaken by a U.S. Borrower) and shall post such results to the U.S. Borrowers’ stock ledgers and general ledgers, as applicable. The U.K. Borrowers shall conduct at
least one “cycle count” each year in a manner consistent with past practice. 
 Section 5.13. Employee Benefit
Plans. 
 (a) Comply with (i) the applicable provisions of ERISA and, to the extent pertaining to ERISA, the Code, and
(ii) applicable law relating to any Foreign Plan (other than those operated or maintained by a U.K. Borrower), in each case, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a
Material Adverse Effect. 
 (b) Each U.K. Borrower (other than CGHL) shall ensure that (i) any Foreign Plan operated or maintained by
the U.K. Borrowers (other than CGHL) is fully funded based on the statutory funding objective under sections 221 and 222 of the Pensions Act 2004 (UK), and (ii) it is not or has not been at any time an employer (for the purposes of sections 38
to 51 of the Pensions Act 2004 (UK)) of an occupational pension scheme which is not a money purchase scheme (both terms as defined in the Pensions Schemes Act 1993 (UK)) or “connected” with or an “associate” of (as those terms
are defined in sections 38 or 43 of the Pensions Act 2004 (UK)) such an employer, except in each case, where noncompliance with clauses (i) and (ii) above could not reasonably be expected to have a Material Adverse Effect. 

Section 5.14. Compliance with Environmental Laws. 

(a) Comply, with all Environmental Laws and permits applicable to, or required by, the ownership, lease or use of Real Property now or
hereafter owned, leased or operated by the Lead Borrower or any of its Subsidiaries, except such noncompliances as could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, and will keep or cause
to be kept all such Real Property free and clear of any Liens imposed pursuant to such Environmental Laws (other than Liens imposed on leased Real Property resulting from the acts or omissions of the owner of such leased Real Property or of other
tenants of such leased Real Property who are not within the control of the Borrowers). Except as have not had, and could not reasonably be expected to have, a Material Adverse Effect, neither the Lead Borrower nor any of the Subsidiaries will
generate, use, treat, store, Release or dispose of, or permit the generation, use, treatment, storage, Release or disposal of Hazardous Materials on any Real Property now or hereafter owned, leased or operated by the Lead Borrower or any of its
Subsidiaries, or transport or permit the transportation of Hazardous Materials to or from any such Real Property, except for Hazardous Materials generated, used, treated, stored, Released or disposed of at any such Real Properties or transported to
or from such Real Properties in compliance with all applicable Environmental Laws. 
 (b) (i) After the receipt by the Administrative
Agent, Collateral Agent or any Lender of any notice of the type described in Section 5.05 or (ii) at any time that the Lead Borrower or any of its Subsidiaries are not in compliance with Section 5.09(a), at the written request of the
Collateral Agent, the Lead Borrower will provide or cause the applicable Loan Party to provide an environmental site assessment report concerning any Mortgaged Property owned, leased or operated by the Lead Borrower or any other Loan Party that is
the subject of or could reasonably be expected to be the subject of such notice or noncompliance, prepared by an environmental consulting firm reasonably approved by the Collateral Agent, indicating the presence or absence of Hazardous Materials and
the reasonable worst case cost of any removal or remedial action in connection with such Hazardous Materials on such Mortgaged Property. If the Loan Parties fail to provide the same within 30 days after such request was made, the Collateral Agent
may order the same, the reasonable cost of which shall be borne (jointly and severally) by the Lead Borrower and the other Loan Parties. 

  
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 Section 5.15. Collateral Reporting. 

(a) The Loan Parties shall deliver a Borrowing Base Certificate to the Administrative Agent within 20 days after the end of each fiscal month
(or, in the case of the fiscal months ended January 5, 2019 and ending February 2, 2019, 30 days); it being understood and agreed that during a Cash Dominion Period, a Borrowing Base Certificate must be delivered on the Friday following
the end of each fiscal week. 
 (b) Each Borrowing Base Certificate shall be certified on behalf of the Borrowers by a Responsible Officer of
the Lead Borrower, setting forth the Borrowing Base, as at the end of such fiscal month (or each week during a Cash Dominion Period), in each case, accompanied by such supporting detail and documentation as shall be requested by the Administrative
Agent in its reasonable discretion. 
 (c) If Holdings, any of the Borrowers or any of their Subsidiaries (i) disposes of more than
$10,000,000 of assets comprising the Borrowing Base to a non-Loan Party in a transaction permitted by Section 6.05 hereof or (ii) designates as an Unrestricted Subsidiary an entity with assets
comprising the Borrowing Base in excess of $10,000,000, then in each case, the Lead Borrower shall promptly deliver to the Administrative Agent an updated Borrowing Base Certificate, on a Pro Forma Basis for such disposition or designation. 

Section 5.16. Cash Management. 

(a) Within the time period set forth in the Collateral and Guarantee Requirement and subject to the Collateral and Guarantee Requirement, each
Loan Party shall enter into Control Arrangements over each Deposit Account and Investment Account (other than any Excluded Account) maintained by such Loan Party. 

(b) Commencing on June 30, 2019 (or such later date as the Administrative Agent shall agree in its reasonable discretion), each Loan Party
shall (i) ensure that all payments made to it are made directly to deposit accounts that are Controlled Deposit Accounts, (ii) deposit any cash that it otherwise has or receives from time to time into such Controlled Deposit Accounts and
(iii) deposit all of its cash equivalents in securities accounts that are Controlled Securities Accounts. The Administrative Agent shall have (as applicable) springing control with respect to the Controlled Deposit Accounts pursuant to the
Control Arrangements governing such accounts. The requirements set forth in this Section 5.16(b) shall not apply to cash that is permitted to be held in Excluded Accounts or any cash or securities described in Section 5.10(g)(A)(viii).

 (c) No later than at the end of each Business Day, but solely during a Cash Dominion Period, each Controlled Deposit Account shall be
swept into, and all amounts contained in such accounts shall be credited to, the Cash Collateral Account. 
 (d) During a Cash Dominion
Period, the Administrative Agent (at the direction of the Required Lenders) may apply all amounts on deposit in the Cash Collateral Account against the Obligations of the applicable Borrower that are then due and payable to the Agents, the Lenders
and the other Secured Parties, in the order of application provided for in Section 2.16. So long as no Event of Default is continuing hereunder, the Administrative Agent (at the direction of the Required Lenders) may release funds in the Cash
Collateral Account to the Controlled Deposit Account specified by the Lead Borrower on a daily basis. The Administrative Agent shall not have any responsibility for, or bear any risk of loss of, any investment or income of any funds in the Cash
Collateral Account. To the extent a Cash Dominion Period shall have occurred and is continuing, no Loan Party and no Person claiming on behalf of or through any Loan Party shall have any right to demand payment of any funds held in any Cash
Collateral Account at any time (without the consent of the Required Lenders) prior to (i) the cure, termination or waiver of such Cash Dominion Period or (ii) the termination of all Commitments and the payment in full of all Obligations.

 Section 5.17. Post-Closing Actions. The Lead Borrower agrees that it will, or will cause its relevant Subsidiaries to,
complete each of the actions described on Schedule 5.17 by no later than the date set forth in Section 5.17 with respect to such action or such later date as the Administrative Agent may reasonably agree. 

  
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 Section 5.18. People With Significant Control Regime. Each Loan Party shall
(and Holdings shall ensure that each other Subsidiary shall): 
 (a) within the relevant timeframe, comply with any notice it receives
pursuant to Part 21A of the Companies Act 2006 from any company incorporated in the United Kingdom whose shares are the subject of the Collateral; and 

(b) promptly provide the Collateral Agent with a copy of that notice. 

ARTICLE VI 
 NEGATIVE COVENANTS

 Holdings (solely with respect to Section 6.08) and the Borrowers covenant and agree with each Agent and each Lender that, so long as
this Agreement shall remain in effect and until the Termination Date, unless the Required Lenders in their sole discretion, shall otherwise consent in writing, Holdings (in the case of Section 6.08) and the Borrowers will not, and will not
permit any of their respective Subsidiaries to: 
 Section 6.01. Indebtedness. Incur, create, assume or permit to exist any
Indebtedness, except: 
 (a) Indebtedness existing on the Closing Date and set forth on Schedule 6.01 and any Permitted Refinancing
Indebtedness incurred to Refinance such Indebtedness (other than Indebtedness of the Lead Borrower to any Subsidiary or of any Subsidiary to the Lead Borrower or any Subsidiary that is Refinanced with Indebtedness owed to a Person other than the
Lead Borrower or any Subsidiary); 
 (b) (i) Indebtedness created hereunder and under the other Loan Documents (including any
Incremental Revolving Loans) and (ii) Indebtedness incurred pursuant to the Term Loan Credit Agreement and the other Term Loan Documents; 

(c) Indebtedness of the Borrowers or any Subsidiary pursuant to Swap Agreements not entered into for speculative purposes (i) to the
extent constituting Obligations and/or (ii) to the extent not constituting Obligations, in an aggregate amount, in the case of this clause (ii), not to exceed $22.5 million at any time outstanding; 

(d) Indebtedness owed to (including obligations in respect of letters of credit or bank guarantees or similar instruments for the benefit of)
any Person providing workers’ compensation, health, disability or other employee benefits or property, casualty or liability insurance to the Borrowers or any Subsidiary, pursuant to reimbursement or indemnification obligations to such Person,
in each case in the ordinary course of business; provided, that upon the incurrence of Indebtedness with respect to reimbursement obligations regarding workers’ compensation claims, such obligations are reimbursed not later than 30 days
following such incurrence; 
 (e) Indebtedness of the Borrowers to any Subsidiary and of any Subsidiary to the Borrowers or any Subsidiary;
provided, that (i) Indebtedness of any Subsidiary that is not a Loan Party owing to the Loan Parties shall be subject to Section 6.04 and (ii) Indebtedness of a Loan Party to any Subsidiary that is not a Loan Party shall, be
unsecured and shall be subordinated to the Obligations on the terms set forth in the Intercompany Note or other terms reasonably satisfactory to the Administrative Agent; 

(f) Indebtedness in respect of performance bonds, bid bonds, appeal bonds, surety bonds and completion guarantees and similar obligations, in
each case provided in the ordinary course of business, including those incurred to secure health, safety and environmental obligations in the ordinary course of business; 

(g) Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument drawn against
insufficient funds in the ordinary course of business or other cash management services in the ordinary course of business; provided, that (x) such Indebtedness (other than credit or purchase cards) is extinguished within three
(3) Business Days of notification to the Lead Borrower of its incurrence and (y) such Indebtedness in respect of credit or purchase cards is extinguished within 60 days from its incurrence; 

  
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 (h) (i) Indebtedness of a Subsidiary acquired after the Closing Date or an entity
merged into or consolidated or amalgamated with the Borrowers or any Subsidiary after the Closing Date and Indebtedness assumed in connection with the acquisition of assets, which Indebtedness in each case exists at the time of such acquisition,
merger, consolidation or amalgamation and is not created in contemplation of such event and where such acquisition, merger, consolidation or amalgamation is permitted by this Agreement; provided, that (A) in each case, no Default or
Event of Default shall have occurred and be continuing or would result therefrom and (B) the aggregate amount of Indebtedness assumed or acquired pursuant to this paragraph (i) shall not exceed the greater of $52.5 million and 22% of
EBITDA for the most recently ended Test Period at any time outstanding and (ii) without duplication, any Permitted Refinancing Indebtedness incurred to Refinance such Indebtedness. 

(i) Capital Lease Obligations, mortgage financings and purchase money Indebtedness incurred by the Borrowers or any Subsidiary prior to or
within 270 days after the acquisition, lease or improvement of the respective property (real or personal, and whether through the direct purchase of property or the Equity Interests of any Person owning such property) permitted under this Agreement
in order to finance such acquisition, lease or improvement, in an aggregate amount not to exceed the greater of $45 million and 20% of EBITDA for the most recently ended Test Period at any time outstanding and, without duplication, Permitted
Refinancing Indebtedness incurred to Refinance such Indebtedness; 
 (j) other Indebtedness of the Borrowers or any Subsidiary, in an
aggregate principal amount that at the time of, and after giving effect to, the incurrence thereof, would not exceed the greater of $15 million and 7% of EBITDA for the most recently ended Test Period at any time outstanding and, without
duplication, Permitted Refinancing Indebtedness incurred to Refinance such Indebtedness; 
 (k) Indebtedness constituting Permitted Term
Priority Indebtedness so long as (i) no Event of Default is continuing at the time of incurrence or would result from the incurrence of such Permitted Term Priority Indebtedness and (ii) the amount of Permitted Term Priority Indebtedness
does not exceed $175 million at any time outstanding; 
 (l) Guarantees (i) by the Loan Parties of the Indebtedness of the
Borrowers described in paragraphs (a) and (b) of this Section 6.01, (ii) by the Borrowers or any other Loan Party of any Indebtedness or other obligations of the Borrowers or any other Loan Party permitted to be incurred under this
Agreement, (iii) by the Borrowers or any other Loan Party of Indebtedness otherwise permitted hereunder of any Subsidiary that is not a Loan Party to the extent such Guarantees are permitted by Section 6.04 (other than
Section 6.04(v)), (iv) by any Subsidiary that is not a Loan Party of Indebtedness of another Subsidiary that is not a Loan Party and (v) by the Borrowers of Indebtedness of Foreign Subsidiaries incurred for working capital purposes in the
ordinary course of business on ordinary business terms so long as such Indebtedness is permitted to be incurred under Section 6.01(r) to the extent such Guarantees are permitted by Section 6.04 (other than Section 6.04(v)); 

(m) Indebtedness arising from agreements of the Lead Borrower or any Subsidiary providing for indemnification, adjustment of purchase or
acquisition price or similar obligations, in each case, incurred or assumed in connection with any Permitted Business Acquisition or the disposition of any business, assets or a Subsidiary not prohibited by this Agreement, other than Guarantees of
Indebtedness incurred by any Person acquiring all or any portion of such business, assets or a Subsidiary for the purpose of financing such acquisition; 

(n) Indebtedness in respect of letters of credit, bank guarantees, warehouse receipts or similar instruments issued to support performance
obligations and trade letters of credit (other than obligations in respect of other Indebtedness) in the ordinary course of business in an aggregate amount not to exceed the greater of $7.5 million and 4% of EBITDA for the most recently ended
Test Period at any time outstanding and, without duplication, Permitted Refinancing Indebtedness incurred to Refinance such Indebtedness; 

(o) Indebtedness arising in connection with the sale of any tax refund, tax claim or similar amount or receivable (a “Permitted Tax
Receivable Financing”) in an aggregate amount not to exceed the greater of $7.5 million and 4% of EBITDA for the most recently ended Test Period at any time outstanding and, without duplication, Permitted Refinancing Indebtedness
incurred to Refinance such Indebtedness; 

  
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 (p) Indebtedness consisting of (i) the financing of insurance premiums or
(ii) take or pay obligations contained in supply arrangements, in each case, in the ordinary course of business; 
 (q) Indebtedness
incurred under any letter of credit facility in an aggregate amount not to exceed the greater of $7.5 million and 4% of EBITDA for the most recently ended Test Period at any time outstanding and, without duplication, Permitted Refinancing
Indebtedness incurred to Refinance such Indebtedness; 
 (r) Indebtedness of non-Loan Party Foreign
Subsidiaries (other than Indebtedness owed to the Lead Borrower or another Subsidiary) in an aggregate amount not to exceed the greater of $45 million and 20.0% of EBITDA for the most recently ended Test Period at any time outstanding and,
without duplication, Permitted Refinancing Indebtedness incurred to Refinance such Indebtedness; 
 (s) Indebtedness incurred in connection
with any equipment financing, including by way of a Permitted Sale and Lease Bank Transaction, in an aggregate amount not to exceed the greater of $7.5 million and 4% of EBITDA for the most recently ended Test Period at any time outstanding
and, without duplication, Permitted Refinancing Indebtedness incurred to Refinance such Indebtedness; 
 (t) Indebtedness representing
deferred compensation to employees of the Borrowers or any Subsidiary incurred in the ordinary course of business (including amounts owing in connection with the MIP); 

(u) unsecured Indebtedness in respect of obligations of the Borrowers or any Subsidiary to pay the deferred purchase price of goods or services
or progress payments in connection with such goods and services; provided, that such obligations are incurred in connection with open accounts extended by suppliers on customary trade terms (which require that all such payments be made within
90 days after the incurrence of the related obligations) in the ordinary course of business and not in connection with the borrowing of money or any Swap Agreements; 

(v) Indebtedness incurred on behalf of, or representing Guarantees of Indebtedness of, joint ventures, in an aggregate amount not to exceed the
greater of $15 million or 7% of EBITDA for the most recently ended Test Period at any time outstanding and, without duplication, Permitted Refinancing Indebtedness incurred to Refinance such Indebtedness; 

(w) Indebtedness issued by the Borrowers or any Subsidiary to current or former officers, directors and employees, their respective estates,
spouses or former spouses to finance the purchase or redemption of Equity Interests of Holdings or any Parent Entity, if and to the extent such purchase or redemption is permitted by Section 6.06(c); 

(x) Indebtedness consisting of obligations of the Lead Borrower or any Subsidiary under deferred compensation or other similar arrangements
incurred by such Person in connection with Permitted Business Acquisitions or any other Investment permitted hereunder; 
 (y) Indebtedness
incurred by the Lead Borrower pursuant to the Holdings Intercompany Note; and 
 (z) all premium (if any, including tender premiums),
defeasance costs, interest (including post-petition interest), fees, expenses, charges and additional or contingent interest on obligations described in paragraphs (a) through (y) above. 

For purposes of determining compliance with this Section 6.01, the amount of any Indebtedness denominated in any currency other than Dollars shall be
calculated based on customary currency exchange rates in effect, in the case of such Indebtedness incurred (in respect of term Indebtedness) or committed (in respect of revolving Indebtedness) on or prior to the Closing Date, on the Closing Date
and, in the case of such Indebtedness incurred (in respect of term Indebtedness) or committed (in respect of revolving Indebtedness) after the Closing Date, on the date that such Indebtedness was incurred (in respect of term Indebtedness) or
committed (in respect of revolving Indebtedness); provided that if such Indebtedness is incurred to refinance other Indebtedness denominated in a currency other than 

  
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Dollars (or in a different currency from the Indebtedness being refinanced), and such refinancing would cause the applicable Dollar-denominated restriction to be exceeded if calculated at the
relevant currency exchange rate in effect on the date of such refinancing, such Dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing Indebtedness does not exceed the outstanding
or committed principal amount, as applicable, of such Indebtedness being refinanced plus the aggregate amount of fees, underwriting discounts, premiums (including tender premiums), defeasance costs and other costs and expenses incurred in
connection with such refinancing. 
 Section 6.02. Liens. Create, incur, assume or permit to exist any Lien (other than a
Permitted Lien (as defined below)) on any property or assets (including stock or other securities of any Person, including the Borrowers and any Subsidiary) at the time owned by it or on any income or revenues or rights in respect of any thereof;
provided, however, that the provisions of this Section 6.02 shall not apply to the following (collectively, “Permitted Liens”): 

(a) Liens on property or assets of the Lead Borrower and the Subsidiaries existing on the Closing Date securing Indebtedness of the Lead
Borrower and the Subsidiaries (i) set forth on Schedule 6.02(a) and any modifications, replacements, renewals or extensions of such Indebtedness or (ii) permitted under Section 6.01(b) and Liens securing Permitted Refinancing
Indebtedness incurred to Refinance such Indebtedness as permitted by Section 6.01; provided, that (i) Liens securing Indebtedness set forth on Schedule 6.02(a) shall not subsequently apply to any other property or assets of
the Lead Borrower or any Subsidiary other than (A) after- acquired property that is affixed or incorporated into the property covered by such Lien and (B) proceeds and products thereof and (ii) Indebtedness permitted under
Section 6.01(b) secured by Liens as of the Closing Date (and Permitted Refinancing Indebtedness incurred to Refinance such Indebtedness) may be secured by Liens on after-acquired property or assets to the extent otherwise permitted under this
Section 6.02; 
 (b) (i) any Lien created under the Loan Documents, permitted in respect of any Mortgaged Property by the terms of
the applicable Mortgage and/or otherwise securing any Obligation and (ii) any Lien securing “Obligations” (as defined in the Term Loan Credit Agreement) under the Term Loan Credit Agreement and the Term Loan Documents (so long as, in
the case of any Liens on the U.S. Collateral, such Liens are subject to the Intercreditor Agreement); 
 (c) any Lien on any property or
asset of the Borrowers or any Subsidiary securing Indebtedness or Permitted Refinancing Indebtedness permitted by Section 6.01(h); provided, that such Lien (i) does not apply to any other property or assets of the Borrowers or any
of the Subsidiaries not securing such Indebtedness at the date of the acquisition of such property or asset (other than after acquired property subjected to a Lien securing Indebtedness and other obligations incurred prior to such date and which
Indebtedness and other obligations are permitted hereunder that require a pledge of after acquired property, it being understood that such requirement shall not be permitted to apply to any property to which such requirement would not have applied
but for such acquisition), (ii) such Lien is not created in contemplation of or in connection with such acquisition and (iii) in the case of a Lien securing Permitted Refinancing Indebtedness, any such Lien is permitted, subject to compliance
with clause (d) of the definition of the term “Permitted Refinancing Indebtedness”; 
 (d) Liens for Taxes, assessments or
other governmental charges or levies not yet delinquent or that are being contested in compliance with Section 5.03; 
 (e) Liens
imposed by law, including landlord’s, carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s, construction or other like Liens arising in the ordinary course of business, securing obligations that are not
overdue by more than 30 days or that are being contested in good faith by appropriate proceedings and in respect of which, if applicable, the Borrowers or any Subsidiary shall have set aside on its books reserves in accordance with GAAP (or with
respect to Foreign Subsidiaries in accordance with generally accepted accounting principles that are applicable in their respective jurisdiction of organization); 

(f) (i) pledges and deposits and other Liens made in the ordinary course of business in compliance with the Federal Employers Liability
Act or any other workers’ compensation, unemployment insurance and other social security laws or regulations and deposits securing liability to insurance carriers under insurance or self-insurance arrangements in respect of such obligations and
(ii) pledges and deposits and other Liens securing liability for reimbursement or indemnification obligations of (including obligations in respect of letters of credit or bank guarantees for the benefit of) insurance carriers providing
property, casualty or liability insurance to the Borrowers or any Subsidiary; 

  
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 (g) deposits and other Liens to secure the performance of bids, trade contracts (other than
for Indebtedness), leases (other than Capital Lease Obligations), statutory obligations, surety and appeal bonds, performance and return of money bonds, bids, leases, government contracts, trade contracts, agreements with utilities, and other
obligations of a like nature (including letters of credit in lieu of any such bonds or to support the issuance thereof) incurred by the Borrowers or any Subsidiary in the ordinary course of business, including those incurred to secure health, safety
and environmental obligations in the ordinary course of business; 
 (h) restrictions, survey exceptions and such matters as an accurate
survey would disclose, easements, trackage rights, leases (other than Capital Lease Obligations), licenses, special assessments, rights of way, covenants, conditions, restrictions and declarations on or with respect to the use of Real Property,
servicing agreements, development agreements, site plan agreements and other similar encumbrances incurred in the ordinary course of business and title defects or irregularities that are of a minor nature and that, in the aggregate, do not interfere
in any material respect with the ordinary conduct of the business of the Borrowers or any Subsidiary; 
 (i) Liens securing Indebtedness
permitted by Section 6.01(i); provided that (i) such Liens are incurred within 270 days after the acquisition, lease or improvement of the respective property subject to such Liens, (ii) such Liens do not at any time encumber
property (except for replacements, additions, accessions and proceeds to such property) other than the property financed by such Indebtedness and the proceeds and products thereof and customary security deposits and (iii) with respect to
Capitalized Leases, such Liens do not at any time extend to or cover any assets (except for replacements, additions and accessions to such assets) other than the assets subject to such Capitalized Leases and the proceeds and products thereof and
customary security deposits; it being understood and agreed for purposes of this clause (i) that individual financings provided by one lender (or its affiliates) may be cross collateralized to other financings of the same type provide by such
lender or its affiliates; 
 (j) Liens securing Indebtedness permitted under Section 6.01(s) so long as such Liens attach only to the
property sold and being leased in such transaction and any accessions thereto or proceeds thereof and related property; 
 (k) Liens securing
judgments that do not constitute an Event of Default under Section 7.01(j); 
 (l) Liens disclosed by the title insurance policies
delivered pursuant to Section 5.10 and any replacement, extension or renewal of any such Lien; provided, that such replacement, extension or renewal Lien shall not cover any property other than the property that was subject to such Lien
prior to such replacement, extension or renewal; provided, further, that the Indebtedness and other obligations secured by such replacement, extension or renewal Lien are permitted by this Agreement; 

(m) any interest or title of a lessor or sublessor under any leases or subleases entered into by the Borrowers or any Subsidiary in the
ordinary course of business; 
 (n) Liens that are contractual rights of set off (i) relating to the establishment of depository
relations with banks not given in connection with the issuance of Indebtedness, (ii) relating to pooled deposit or sweep accounts of the Borrowers or any Subsidiary to permit satisfaction of overdraft or similar obligations incurred in the
ordinary course of business of the Borrowers or any Subsidiary or (iii) relating to purchase orders and other agreements entered into with customers of the Borrowers or any Subsidiary in the ordinary course of business; 

(o) Liens arising solely by virtue of any statutory or common law provision relating to banker’s liens, rights of set off or similar
rights; 
 (p) Liens securing obligations in respect of trade related letters of credit, bank guarantees or similar obligations permitted
under Section 6.01(f), (j) or (n) and covering the property (or the documents of title in respect of such property) financed by such letters of credit, bank guarantees or similar obligations and the proceeds and products thereof; 

  
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 (q) leases or subleases, licenses or sublicenses (including with respect to intellectual
property and software) granted to others in the ordinary course of business not interfering in any material respect with the business of the Borrowers and the Subsidiaries, taken as a whole; 

(r) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the
importation of goods; 
 (s) Liens solely on any cash earnest money deposits made by the Lead Borrower or any of the Subsidiaries in
connection with any letter of intent or purchase agreement in respect of any Investment permitted hereunder; 
 (t) Liens with respect to
property or assets, or Equity Interests of any Foreign Subsidiary securing Indebtedness of a Foreign Subsidiary permitted under Section 6.01; 

(u) Liens securing any Permitted Tax Receivable Financing; 

(v) the prior rights of consignees and their lenders under consignment arrangements entered into in the ordinary course of business; 

(w) Liens arising from precautionary Uniform Commercial Code financing statements or consignments entered into in connection with any
transaction otherwise permitted under this Agreement; 
 (x) Liens on Equity Interests in joint ventures securing obligations of such joint
ventures; 
 (y) Liens on securities that are the subject of repurchase agreements constituting Permitted Investments under clause
(c) of the definition thereof; 
 (z) Liens consisting of deposits securing Indebtedness permitted by Sections 6.01(n) and/or 6.01(q);

 (aa) Liens on goods or inventory the purchase, shipment or storage price of which is financed by a documentary letter of credit, bank
guarantee or bankers’ acceptance issued or created for the account of the Borrowers or any Subsidiary in the ordinary course of business; provided, that such Lien secures only the obligations of the Borrowers or such Subsidiaries in
respect of such letter of credit, bank guarantee or banker’s acceptance to the extent permitted under Section 6.01; 
 (bb) Liens
securing insurance premiums financing arrangements, provided, that such Liens are limited to the applicable unearned insurance premiums; 

(cc) Liens in favor of the Borrowers; provided that if any such Lien shall cover any Collateral, the holder of such Lien shall execute
and deliver to the Collateral Agent a subordination agreement in form and substance reasonably satisfactory to the Collateral Agent (acting at the written direction of Required Lenders); 

(dd) Liens on deposits securing Swap Agreements permitted under Section 6.01(c) in an aggregate amount not to exceed the greater of
$22.5 million and 11% of EBITDA for the most recently ended Test Period at any time outstanding; 
 (ee) Liens securing Permitted Term
Priority Indebtedness so long as such Liens are subject to a Permitted Term Priority Acceptable Intercreditor Agreement; and 
 (ff) other
Liens on property or assets of the Borrowers or any Subsidiary securing obligations in an aggregate amount not to exceed $15 million at any time outstanding. 

  
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 Section 6.03. [Reserved]. 

Section 6.04. Investments, Loans and Advances. Purchase, hold or acquire (including pursuant to any merger, consolidation or
amalgamation with a Person that is not a Wholly Owned Subsidiary immediately prior to such merger, consolidation or amalgamation) any Equity Interests, evidences of Indebtedness or other securities of, make or permit to exist any loans or advances
to or Guarantees of the obligations of (each, an “Investment”), any other Person, except: 
 (a) [Reserved]; 

(b) Investments by the Lead Borrower or any Subsidiary in the Lead Borrower or any Subsidiary; provided, that the aggregate amount of
Investments (valued at the time of the making thereof and without giving effect to any write downs or write offs thereof) made after the Closing Date by the Loan Parties pursuant to this clause (b) in Subsidiaries that are not Loan Parties
shall not exceed an aggregate net amount equal to $15 million, plus any return of capital actually received by the respective investors in respect of Investments theretofore made by them pursuant to this paragraph (b); provided,
further, that (1) intercompany current liabilities incurred in the ordinary course of business in connection with the cash management operations and/or the management of intercompany royalty payables of the Lead Borrower and the
Subsidiaries, (2) intercompany loans, advances or Indebtedness having a term not exceeding 364 days (inclusive of any roll-overs or extensions of terms) and made in the ordinary course of business consistent with past practice and
(3) intercompany current liabilities, loans, advances and transfers of inventory made in the ordinary course of business in connection with the management of the Canadian operations of the Lead Borrower and the Subsidiaries consistent with past
practice, in each case, shall not be included in calculating the limitation in this paragraph at any time; provided, further, that all such intercompany loans made by any Subsidiary that is not a Loan Party to any Loan Party shall be
unsecured and shall be subordinated to the Obligations on the terms set forth in the Intercompany Note or other terms reasonably satisfactory to the Administrative Agent; 

(c) Permitted Investments and Investments that were Permitted Investments when made; 

(d) Investments arising out of the receipt by the Lead Borrower or any Subsidiary of noncash consideration for the sale of assets permitted
under Section 6.05, in an aggregate amount not to exceed $7.5 million at any time outstanding; 
 (e) loans and advances to
officers, directors, employees or consultants of Holdings, the Borrowers or any Subsidiary (i) in the ordinary course of business (including for payroll payments and expenses) in an aggregate amount not to exceed $7.5 million at any time
outstanding (calculated without regard to write downs or write offs thereof), (ii) in connection with such person’s purchase of Equity Interests of Holdings (or any Parent Entity) solely to the extent that the amount of such loans and advances
shall be contributed following such purchase to the applicable Borrower in cash as common equity or (iii) pursuant to the terms and conditions of the MIP, any Plan or any shareholders’ agreement then in effect; 

(f) accounts receivable, security deposits and prepayments arising and trade credit granted in the ordinary course of business and any assets
or securities received in satisfaction or partial satisfaction thereof from financially troubled account debtors to the extent reasonably necessary in order to prevent or limit loss and any prepayments and other credits to suppliers made in the
ordinary course of business; 
 (g) Swap Agreements permitted pursuant to Section 6.01; 

(h) Investments existing on, or contractually committed as of, the Closing Date and set forth on Schedule 6.04 and any extensions, renewals or
reinvestments thereof, so long as the aggregate amount of all Investments pursuant to this clause (g) is not increased at any time above the amount of such Investment existing or committed on the Closing Date (other than pursuant to an increase
as required by the terms of any such Investment as in existence on the Closing Date); 

  
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 (i) Investments resulting from pledges and deposits under Sections 6.02(f), (g), (k), (r),
(s), (u), (z) and (ff); 
 (j) other Investments by the Borrowers or any Subsidiary in an aggregate amount (valued at the time of the making
thereof, and without giving effect to any write downs or write offs thereof) not to exceed the greater of $37.5 million and 16% of EBITDA for the most recently ended Test Period; provided, that if any Investment pursuant to this clause
(j) is made in any Person that is not a Subsidiary of the Lead Borrower at the date of the making of such Investment and such Person becomes a Subsidiary of the Lead Borrower after such date pursuant to another Investment the amount of which,
when taken together with the amount of the prior Investment, would be permitted under another provision of this Section 6.04, any Investment in such Person outstanding under this Section 6.04(j) shall thereafter be deemed to have been made
pursuant to such other provision and shall cease to have been made pursuant to this clause (j) for so long as such Person continues to be a Subsidiary of the Lead Borrower; 

(k) Investments constituting Permitted Business Acquisitions; 

(l) intercompany loans between non-Loan Parties and Guarantees by
non-Loan Parties permitted by Section 6.01; 
 (m) Investments received in connection with the
bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with or judgments against, customers and suppliers, in each case in the ordinary course of business or Investments acquired by the Borrowers or any of the
Subsidiaries as a result of a foreclosure by the Borrowers or any of the Subsidiaries with respect to any secured Investments or other transfer of title with respect to any secured Investment in default; 

(n) Investments of a Subsidiary acquired after the Closing Date or of an entity merged into, or consolidated or amalgamated with, the Borrowers
or merged into or consolidated or amalgamated with a Subsidiary after the Closing Date, in each case, (i) to the extent permitted under this Section 6.04 and, (ii) in the case of any acquisition, merger, consolidation or amalgamation,
in accordance with Section 6.05 and (iii) to the extent that such Investments were not made in contemplation of or in connection with such acquisition, merger, consolidation or amalgamation and were in existence on the date of such
acquisition, merger, consolidation or amalgamation; 
 (o) acquisitions by the Borrowers of obligations of one or more officers or other
employees of Holdings, any Parent Entity, the Borrowers or the Subsidiaries in connection with such officer’s or employee’s acquisition of Equity Interests of Holdings or any Parent Entity, so long as no cash is actually advanced by the
Borrowers or any of the Subsidiaries to such officers or employees in connection with the acquisition of any such obligations; 
 (p)
Guarantees by the Borrowers or any Subsidiary of operating leases (other than Capital Lease Obligations) or of other obligations that do not constitute Indebtedness, in each case entered into by any Loan Party in the ordinary course of business;

 (q) Investments to the extent that payment for such Investments is made with Equity Interests of Holdings (or any Parent Entity); 

(r) the consummation of the Transactions; 

(s) Investments consisting of the redemption, purchase, repurchase or retirement of any Equity Interests permitted under Section 6.06;

 (t) Investments in the ordinary course of business consisting of Uniform Commercial Code Article 3 endorsements for collection or deposit
and Uniform Commercial Code Article 4 customary trade arrangements with customers consistent with past practices; 

  
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 (u) [reserved]; 

(v) Guarantees permitted under Section 6.01 (except to the extent such Guarantee is expressly subject to Section 6.04); 

(w) advances in the form of a prepayment of expenses, so long as such expenses are being paid in accordance with customary trade terms of the
Borrowers or such Subsidiary; 
 (x) Investments by the Borrowers and the Subsidiaries, including loans and advances to any direct or
indirect parent of the Borrowers, if the Borrowers or any other Subsidiary would otherwise be permitted to make a Restricted Payment in such amount (provided that the amount of any such Investment shall also be deemed to be a Restricted
Payment under the appropriate clause of Section 6.06 of this Agreement); 
 (y) [reserved]; 

(z) Investments consisting of the licensing or contribution of intellectual property pursuant to joint marketing arrangements with other
Persons and made in the ordinary course of business; 
 (aa) purchases and acquisitions of inventory, supplies, materials and equipment or
purchases of contract rights or licenses or leases of intellectual property in each case in the ordinary course of business, to the extent such purchases and acquisitions constitute Investments; 

(bb) Investments in joint ventures in an aggregate amount not to exceed the greater of $37.5 million and 16% of EBITDA for the most
recently ended Test Period in the aggregate at any one time outstanding (calculated without regard to write-downs or write-offs thereof); provided that if any Investment pursuant to this clause (bb) is made in any Person that is not a
Subsidiary of a Borrower at the date of the making of such Investment and such Person becomes a Subsidiary of a Borrower after such date pursuant to another Investment the amount of which, when taken together with the amount of the prior Investment,
would be permitted under another provision of this Section 6.04, any Investment in such Person outstanding under this Section 6.04(bb) shall thereafter be deemed to have been made pursuant to such other provision and shall cease to have
been made pursuant to this clause (bb) for so long as such Person continues to be a Subsidiary of a Borrower; and 
 (cc) other Investments
so long as the Payment Conditions are satisfied on a Pro Forma Basis immediately after giving effect to such Investment. 
 The amount of Investments that
may be made at any time pursuant to Section 6.04(a) or 6.04(g) (such Sections, the “Related Sections”) may, at the election of the Lead Borrower, be increased by the amount of Investments that could be made at such time under
the other Related Section; provided that the amount of each such increase in respect of one Related Section shall be treated as having been used under the other Related Section. 

Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions. Merge into, or consolidate or amalgamate with any other
Person, or permit any other Person to merge into or consolidate with it, or sell, transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or any part of its assets (whether now owned or hereafter acquired), or
issue, sell, transfer or otherwise dispose of any Equity Interests of the Borrowers or any Subsidiary, or purchase, lease or otherwise acquire (in one transaction or a series of transactions) all or any substantial part of the assets of any other
Person or any division or business unit of any other Person, provided that this Section 6.05 shall not prohibit: 
 (a) (i)
the purchase and sale of inventory in the ordinary course of business by the Borrowers or any Subsidiary, (ii) the acquisition or lease (pursuant to an operating lease) of any other asset in the ordinary course of business by the Borrowers or
any Subsidiary, (iii) the sale of surplus, obsolete, damaged or worn out equipment or other property in the ordinary course of business by the Borrowers or any Subsidiary or (iv) the sale of Permitted Investments in the ordinary course of
business; 

  
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 (b) if at the time thereof and immediately after giving effect thereto no Event of Default
shall have occurred and be continuing or would result therefrom, (i) the merger, consolidation or amalgamation of any U.S. Borrower into or with any other U.S. Borrower; provided that in any such transaction to which the Lead Borrower is
a party, the Lead Borrower is the survivor, (ii) the merger, consolidation or amalgamation of any U.K. Borrower into or with any other U.K. Borrower, (iii) the merger, consolidation or amalgamation of any Subsidiary that is not a Loan
Party into or with any Subsidiary that is not a Loan Party, (iv) the merger, consolidation or amalgamation of any Subsidiary that is not a Loan Party into or with any Subsidiary that is a Loan Party in a transaction in which the surviving or
resulting entity is a Loan Party, (v) the liquidation or dissolution or change in form of entity of any Subsidiary (other than the Lead Borrower) if the Lead Borrower determines in good faith that such liquidation, dissolution or change in form
is in the best interests of the Loan Parties and is not materially disadvantageous to the Lenders or (vi) any Subsidiary may merge, consolidate or amalgamate into or with any other Person in order to effect an Investment permitted pursuant to
Section 6.04 so long as the continuing or surviving Person shall be a Subsidiary, which shall be a Loan Party if the merging, consolidating or amalgamating Subsidiary was a Loan Party; 

(c) sales, transfers, leases or other dispositions to the Borrowers or a Subsidiary (upon voluntary liquidation, dissolution or otherwise);
provided, that any sales, transfers, leases or other dispositions by a Loan Party to a Subsidiary that is not a Loan Party in reliance on this paragraph (c) shall be permitted only to the extent (i) made in compliance with
Section 6.07 and (ii) an Investment in such Subsidiary would be permitted by Section 6.04(b) or (j); 
 (d) transfers by
(x) any Loan Party of Equity Interests in a Foreign Person or Qualified CFC Holding Company to (y) a Foreign Person or Qualified CFC Holding Company directly owned by Holdings or a U.S. Borrower; provided, that (i) if the
Equity Interests of the transferee have not already been pledged pursuant to a Foreign Pledge Agreement, the Collateral and Guarantee Requirement shall be satisfied with respect to the Equity Interests of the transferee, and (ii) the pledge of
any Equity Interests so transferred shall be released by the Collateral Agent upon the consummation of such transfer; 
 (e) the disposition
of tax refunds and related assets in connection with any Permitted Tax Receivable Financing; 
 (f) Investments permitted by
Section 6.04, Permitted Liens and Restricted Payments permitted by Section 6.06; 
 (g) the sale of defaulted receivables in the
ordinary course of business and not as part of an accounts receivables financing transaction; 
 (h) sales, transfers, leases, licenses or
other dispositions of assets not otherwise permitted by this Section 6.05 for cash and Permitted Investments; provided, that (i) the aggregate gross proceeds of any or all assets, sold, transferred, leased or otherwise disposed of
in reliance under this paragraph (h) shall not exceed the greater of (x) $172.5 million and (y) 72% of EBITDA for the most recently ended Test Period and no Event of Default exists or would result therefrom; 

(i) Permitted Business Acquisitions (including any merger, consolidation or amalgamation in order to effect a Permitted Business Acquisition);
provided, that following any such merger, consolidation or amalgamation, if any, involving the Lead Borrower, the Lead Borrower is the surviving corporation; 

(j) leases, licenses, or subleases or sublicenses of any real or personal property in the ordinary course of business; 

(k) sales, leases or other dispositions of inventory of the Borrowers and the Subsidiaries determined by the management of the applicable
Borrower to be no longer useful or necessary in the operation of the business of the Borrowers or any of the Subsidiaries; 

  
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 (l) the issuance by Holdings of the Holdings Preferred Units in accordance with the terms
and conditions of the Holdings LLC Agreement (as in effect on the date hereof, as amended or modified in a manner that is not materially adverse to the Lenders in the good faith determination of the Lead Borrower) and, to the extent the same would
otherwise be restricted by the terms of this Agreement, the consummation of the other Transactions; 
 (m) Permitted Sale and Lease Back
Transactions in an aggregate amount not to exceed the greater of (x) $7.5 million and (y) 4% of EBITDA for the most recently ended Test Period at any time outstanding; 

(n) any disposition of Equity Interests of a Subsidiary pursuant to an agreement or other obligation with or to a Person (other than the
Borrowers and the Subsidiaries) from whom such Subsidiary was acquired or from whom such Subsidiary acquired its business and assets (having been newly formed in connection with such acquisition), made as part of such acquisition and in each case
comprising all or a portion of the consideration in respect of such sale or acquisition; provided, that the net investment in the Equity Interests of the Subsidiary would be permitted by Section 6.04 if made on the date of such
disposition; and 
 (o) the consummation of the Transactions. 

Section 6.06. Restricted Payments. Declare or pay any dividend or make any other distribution (by reduction of capital or
otherwise), whether in cash, property, securities or a combination thereof, with respect to any of its Equity Interests (other than dividends and distributions on Equity Interests payable solely by the issuance of additional Equity Interests (other
than Disqualified Stock) of the Person paying such dividends or distributions) or directly or indirectly redeem, purchase, retire or otherwise acquire for value (or permit any Subsidiary to purchase or acquire) any of its Equity Interests or set
aside any amount for any such purpose (other than through the issuance of additional Equity Interests (other than Disqualified Stock) of the Person redeeming, purchasing, retiring or acquiring such shares) or make any payment, whether in cash,
property, securities or a combination thereof (but excluding, for the avoidance of doubt, the payment or accrual of interest paid-in-kind), under the Holdings
Intercompany Note (the foregoing, “Restricted Payments”); provided, however, that: 
 (a) any Subsidiary of
the Lead Borrower may make Restricted Payments to the Lead Borrower or to any Wholly Owned Subsidiary of the Lead Borrower (or, in the case of non-Wholly Owned Subsidiaries, to the Lead Borrower or any
Subsidiary that is a direct or indirect parent of such Subsidiary and to each other owner of Equity Interests of such Subsidiary on a pro rata basis (or more favorable basis from the perspective of the Lead Borrower or such Subsidiary) based on
their relative ownership interests so long as any repurchase of its Equity Interests from a Person that is not the Lead Borrower or a Subsidiary is permitted under Section 6.04); 

(b) (x) the Lead Borrower may make Restricted Payments to Holdings in respect of (i) overhead, legal, accounting and other
professional fees and expenses of Holdings or any Parent Entity, (ii) fees and expenses related to any public offering or private placement of debt or equity securities of any Parent Entity whether or not consummated, (iii) franchise Taxes
and other fees, Taxes and expenses in connection with the maintenance of its existence and its (or any Parent Entity’s indirect) ownership of the Lead Borrower, (iv) payments permitted by Section 6.07(b), and (v) customary
salary, bonus and other benefits payable to, and indemnities provided on behalf of, officers and employees of Holdings or any Parent Entity, in each case in order to permit Holdings or any Parent Entity to make such payments; provided, that
in the case of clauses (i), (ii) and (iii), the amount of such Restricted Payments shall not exceed the portion of any amounts referred to in such clauses (i), (ii) and (iii) that are allocable to the Lead Borrower and its Subsidiaries (which
shall be 100% for so long as Holdings or such Parent Entity, as the case may be, owns no assets other than the Equity Interests in the Lead Borrower, Holdings, or another Parent Entity) and (y) the Lead Borrower may make Restricted Payments
(without duplication with payments permitted by Section 6.07(b)(xiv)) to any direct or indirect parent company of the Lead Borrower that files a consolidated U.S. federal tax return that includes the Lead Borrower and any of its Subsidiaries,
in each case in an amount not to exceed the amount that the Lead Borrower and such Subsidiaries would have been required to pay in respect of federal, state or local Taxes (as the case may be) in respect of such year if the Lead Borrower and such
Subsidiaries paid such Taxes directly as a stand-alone taxpayer (or stand-alone group); 

  
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 (c) the Lead Borrower may make Restricted Payments to Holdings (A) as contemplated by
the MIP and/or (B) the proceeds of which are used to purchase or redeem the Equity Interests of Holdings or any Parent Entity (including related stock appreciation rights or similar securities) held by then present or former directors,
consultants, officers or employees of Holdings, the Borrowers or any of the Subsidiaries or by any Plan or any shareholders’ agreement then in effect upon such Person’s death, disability, retirement or termination of employment or under
the terms of any such Plan or any other agreement under which such shares of stock or related rights were issued; provided, that the aggregate amount of such purchases or redemptions under this paragraph (c)(B) shall not exceed (i)
$3.75 million in any fiscal year, minus (ii) the amount of Indebtedness then outstanding under Section 6.01(w), plus (x) the amount of net proceeds contributed to the Lead Borrower that were received by Holdings or
any Parent Entity during such calendar year from sales of Equity Interests of Holdings or any Parent Entity of Holdings to directors, consultants, officers or employees of Holdings, any Parent Entity, the Borrowers or any Subsidiary in connection
with permitted employee compensation and incentive arrangements and (y) the amount of net proceeds of any key man life insurance policies received during such calendar year (which, if not used in any year, may be carried forward to any
subsequent calendar year); provided, further, that cancellation of Indebtedness owing to the Borrowers or any Subsidiary from members of management of Holdings, any Parent Entity, the Borrowers or the Subsidiaries in connection with a
repurchase of Equity Interests of Holdings or any Parent Entity will not be deemed to constitute a Restricted Payment for purposes of this Section 6.06; 

(d) noncash repurchases of Equity Interests deemed to occur upon exercise of stock options if such Equity Interests represent a portion of the
exercise price of such options; 
 (e) other Restricted Payments so long as the Payment Conditions are satisfied on a Pro Forma Basis
immediately after giving effect to any such Restricted Payment; 
 (f) so long as no Event of Default under Section 7.01(b), (c), (h) or
(i) has occurred and is continuing, Holdings may pay regularly scheduled dividends to the holders of the Holdings Preferred Units in accordance with the terms and conditions of the Holdings LLC Agreement (as in effect on the date hereof, as
amended or modified in a manner that is not materially adverse to the Lenders in the good faith determination of the Lead Borrower); 
 (g)
the Lead Borrower may make Restricted Payments to allow Holdings or any Parent Entity to make payments in cash, in lieu of the issuance of fractional shares, upon the exercise of warrants or upon the conversion or exchange of Equity Interests of any
such Person; 
 (h) after a Qualified IPO, and so long as no Event of Default shall have occurred and be continuing or would result therefrom
at the time of the declaration thereof, the Lead Borrower may make Restricted Payments in an amount equal to 6.0% per annum of the net proceeds received by or contributed to the Lead Borrower from any public offering of Equity Interests of the Lead
Borrower, Holdings or any Parent Entity; 
 (i) the Lead Borrower may make Restricted Payments to Holdings or any Parent Entity to finance
any Investment permitted to be made pursuant to Section 6.04; provided that (A) such Restricted Payment shall be made substantially concurrently with the closing of such Investment and (B) such parent shall, immediately
following the closing thereof, cause (1) all property acquired (whether assets or Equity Interests) to be contributed to the Lead Borrower or a Subsidiary or (2) the merger, consolidation or amalgamation (to the extent permitted in
Section 6.05) of the Person formed or acquired into the Lead Borrower or a Subsidiary in order to consummate such Permitted Business Acquisition or Investment, in each case, in accordance with the requirements of Section 5.10; 

(j) to the extent constituting a Restricted Payment, the consummation of the Transactions; and 

(k) any party to the Contingent Value Rights Agreement may make any payments of amounts owing thereunder pursuant to the terms and conditions
thereof. 
 Notwithstanding the foregoing, if an amount is permitted to be paid from the Lead Borrower to Holdings pursuant to this Agreement (under the
foregoing provisions of this Section 6.06 or otherwise), such amount may be applied as a payment under or in respect of the Holdings Intercompany Note (in lieu of a dividend, distribution, direct payment or otherwise), and this
Section 6.06 shall not operate to prevent any such payment solely because the amount was applied in the form of a payment under or in respect of the Holdings Intercompany Note (and not as a dividend, distribution, direct payment or otherwise);
it being understood and agreed that this paragraph is not intended to permit the Lead Borrower to make any payment to Holdings that was not otherwise permitted under the terms of this Agreement (without giving effect to the provisions of this
paragraph). 

  
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 Section 6.07. Transactions with Affiliates. 

(a) Sell or transfer any property or assets to, or purchase or acquire any property or assets from, or otherwise engage in any other
transaction with, any of its Affiliates or any known direct or indirect holder of 10% or more of any class of Equity Interests of the Lead Borrower in a transaction involving aggregate consideration in excess of $37.5 million, unless such
transaction is (i) otherwise permitted (or required) under this Agreement and (ii) upon terms no less favorable to the Borrowers or such Subsidiary, as applicable, than would be obtained in a comparable arm’s length transaction with a
Person that is not an Affiliate. 
 (b) The foregoing paragraph (a) shall not prohibit, to the extent otherwise permitted under this
Agreement, 
 i. any issuance of securities, or other payments, awards or grants in cash, securities or otherwise pursuant to, or the
funding of, employment arrangements, equity purchase agreements, stock options and stock ownership plans approved by the Board of Directors of Holdings or of the Lead Borrower, 

ii. loans or advances to employees or consultants of Holdings (or any Parent Entity), the Borrowers or any of the Subsidiaries in accordance
with Section 6.04(e), 
 iii. transactions among the Borrowers or any Subsidiary or any entity that becomes a Subsidiary as a result of
such transaction (including via merger, consolidation or amalgamation in which a Subsidiary is the surviving entity), 
 iv. (A) the
consummation of the Transaction and/or any Emergence Transaction, (B) transactions contemplated by the Indebtedness permitted by Section 6.01(h), and (C) the incurrence of Indebtedness pursuant to Section 6.01(y) and the
consummation of the transactions contemplated by the Holdings Intercompany Note, 
 v. (A) the payment of fees, reasonable out-of-pocket costs and indemnities to directors, officers, consultants and employees of Holdings, any Parent Entity, the Borrowers and other Subsidiaries in the ordinary
course of business (limited, in the case of any Parent Entity, to the portion of such fees and expenses that are allocable to the Borrowers and the other Subsidiaries (which shall be 100% for so long as Holdings or such Parent Entity, as the case
may be, owns no assets other than the Equity Interests in the Lead Borrower, Holdings or another Parent Entity and assets incidental to the ownership of the Borrowers and its Subsidiaries)) and (B) the payment or reimbursement, as applicable,
of fees, expenses and other compensation required to be paid or reimbursed, as applicable, under the Holdings LLC Agreement, 
 vi.
(A) any employment agreements entered into by the Borrowers or any of the Subsidiaries in the ordinary course of business, (B) any subscription agreement or similar agreement pertaining to the repurchase of Equity Interests pursuant to
put/call rights or similar rights with employees, officers or directors, and (C) any employee compensation, benefit plan or arrangement, any health, disability or similar insurance plan which covers employees, and any reasonable employment
contract and transactions pursuant thereto, 
 vii. Restricted Payments permitted under Section 6.06, including payments to Holdings
(and any Parent Entity) and the payment of regularly scheduled dividends (whether in kind or in cash) to the holders of the Holdings Preferred Units in accordance with the terms and conditions of the Holdings LLC Agreement (as in effect on the date
hereof, as amended or modified in a manner that is not materially adverse to the Lenders in the good faith determination of the Lead Borrower), 

viii. any purchase by Holdings of the Equity Interests of the Lead Borrower, 

  
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 ix. transactions with Wholly Owned Subsidiaries for the purchase or sale of goods,
products, parts and services entered into in the ordinary course of business in a manner consistent with past practice, 
 x. any
transaction or payment in respect of which the Lead Borrower delivers to the Administrative Agent (for delivery to the Lenders) a letter addressed to the Board of Directors of the Lead Borrower from an accounting, appraisal or investment banking
firm, in each case of nationally recognized standing that is (A) in the good faith determination of the Lead Borrower qualified to render such letter and (B) reasonably satisfactory to the Administrative Agent, which letter states that
such transaction is on terms that are no less favorable to the Borrowers or such Subsidiary, as applicable, than would be obtained in a comparable arm’s length transaction with a Person that is not an Affiliate, 

xi. transactions with joint ventures for the purchase or sale of goods, equipment and services entered into in the ordinary course of business
and in a manner consistent with past practice, 
 xii. the issuance, sale, transfer of Equity Interests of the Lead Borrower to Holdings and
capital contributions by Holdings to the Lead Borrower, 
 xiii. following a Borrower Qualified IPO, the issuance of Equity Interests (other
than Disqualified Stock) of the Lead Borrower to the management of the Lead Borrower or any Subsidiary, 
 xiv. payments by Holdings (and
any Parent Entity), the Borrowers and the Subsidiaries pursuant to Tax sharing agreements among Holdings (and any such Parent Entity), the Borrowers and the Subsidiaries on customary terms that require each party to make payments when such Taxes are
due or refunds received of amounts equal to the income Tax liabilities and refunds generated by each such party calculated on a separate return basis and payments to the party generating Tax benefits and credits of amounts equal to the value of such
Tax benefits and credits made available to the group by such party, 
 xv. payments or loans (or cancellation of loans) to employees or
consultants that are (i) approved by a majority of the Disinterested Directors of the Board of Directors of Holdings or the Lead Borrower in good faith, (ii) made in compliance with applicable law and (iii) otherwise permitted under
this Agreement, 
 xvi. transactions with customers, clients, suppliers, or purchasers or sellers of goods or services, in each case in the
ordinary course of business and otherwise in compliance with the terms of this Agreement that are fair to the Borrowers or the Subsidiaries, 

xvii. transactions between the Borrowers or any of the Subsidiaries and any Person, a director of which is also a director of the Borrowers or
any direct or indirect parent company of the Borrower, provided, however, that (A) such director abstains from voting as a director of the applicable Borrower or such direct or indirect parent company, as the case may be, on any
matter involving such other Person and (B) such Person is not an Affiliate of the applicable Borrower for any reason other than such director’s acting in such capacity, 

xviii. transactions permitted by, and complying with, the provisions of (x) Section 6.04(a) and Section 6.05(b) (other than
Section 6.05(b)(v)) or (y) Section 6.05(d), 
 xix. intercompany transactions undertaken in good faith (as certified by a
Responsible Officer of the Lead Borrower in a certificate delivered to the Administrative Agent) for the purpose of improving the consolidated Tax efficiency of the Borrowers and the Subsidiaries and not for the purpose of circumventing any covenant
set forth herein, or 
 xx. payments of amounts owing under the Contingent Value Rights Agreement pursuant to the terms and conditions
thereof. 

  
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 Section 6.08. Business of the Lead Borrower and the Subsidiaries. 

(a) Notwithstanding any other provisions hereof, engage at any time in any business or business activity other than any business or business
activity conducted by any of them on the Closing Date and any business or business activities incidental or related thereto, or any business or activity that is reasonably similar or complementary thereto or a reasonable extension, development or
expansion thereof or ancillary thereto. 
 (b) Holdings will not (x) incur, create, assume or permit to exist any Indebtedness of
Holdings, (y) create incur, assume or permit to exist any Lien on any property or assets (including stock or other securities of any Person, including the Lead Borrower and, indirectly, its Subsidiaries) at the time owned by it or on any income
or revenues or rights in respect of any thereof or (z) engage in any business or activity or own any material assets other than its ownership of the Equity Interests of, and the management of, the Lead Borrower and, indirectly, its Subsidiaries
and activities incidental thereto; provided that Holdings may engage in (i) the maintenance of its existence in compliance with applicable law, (ii) legal, Tax and accounting matters in connection with any of the foregoing or
following activities, (iii) the entering into, and performing its obligations under, this Agreement, the other Loan Documents to which it is a party, the Term Loan Credit Agreement, any Permitted Term Priority Indebtedness Documents and the
other definitive documentation entered into in connection with any of the foregoing, (iv) the issuance, sale or repurchase of its Equity Interests and the receipt of capital contributions, (v) the making of dividends or distributions on
its Equity Interests, (vi) the filing of registration statements, and compliance with applicable reporting and other obligations, under federal, state or other securities laws, (vii) the listing of its equity securities and compliance with
applicable reporting and other obligations in connection therewith, (viii) the performance of obligations under and compliance with its certificate of incorporation and by-laws, or any applicable law,
ordinance, regulation, rule, order, judgment, decree or permit, including, as a result of or in connection with the activities of its Subsidiaries, (ix) the incurrence and payment of its operating and business expenses and any Taxes for which
it may be liable (including reimbursement to Affiliates for such expenses paid on its behalf), (x) the consummation of the Transaction and/or any Emergence Transaction, (xi) the making of loans to or other Investments in, or incurrence of
Indebtedness from, the Lead Borrower (or in the case of incurrence of Indebtedness, from any Wholly Owned Domestic Subsidiary which is a Loan Party) as and to the extent not prohibited by this Agreement, (xii) the performance of its obligations
under the Holdings LLC Agreement, (xiii) lending (to the Lead Borrower or any Subsidiary if and to the extent such loan is otherwise permitted by this Agreement, including pursuant to the Holdings Intercompany Note), holding and/or distributing
cash, cash equivalents and/or other assets received by it as a result of a transaction permitted by this Agreement and (xiv) activities and/or assets, as applicable, incidental to the activities otherwise permitted under this Section 6.08.

 Section 6.09. Limitation on Payments and Modifications of Indebtedness; Modifications of Certificate of Incorporation, By Laws
and Certain Other Agreements; etc. 
 (a) Amend or modify in any manner materially adverse to the Lenders, or grant any waiver or release
under or terminate in any manner (if such granting or termination shall be materially adverse to the Lenders), the articles or certificate of incorporation, by laws, limited liability company operating agreement, partnership agreement or other
organizational documents of any Loan Party. 
 (b) (i) Make, or agree or offer to pay or make, directly or indirectly, any
payment or other distribution (whether in cash, securities or other property) of or in respect of principal of or interest on any third party Indebtedness which is contractually subordinated to the Loans, secured by a Lien that is junior to the
Liens securing the Loans (but excluding the Term Loans) or unsecured with an individual outstanding amount in excess of the Threshold Amount (all such financing, “Junior Financing”), or any payment or other distribution (whether in
cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination in respect of any Junior Financing except for (A) Refinancings
permitted by Section 6.01, (B) payments of regularly scheduled interest, (C) payments or distributions in respect of all or any portion of the Junior Financing with the proceeds contributed to the Lead Borrower by Holdings from the
issuance, sale or exchange by Holdings (or any direct or indirect parent of Holdings) of Equity Interests made within eighteen months prior thereto, (D) the conversion of any Junior Financing to Equity Interests of Holdings or any of its direct
or indirect parents; (E) the consummation of the Transaction and/or any Emergence Transaction; (F) payments or distributions in respect of Junior Financings prior to their scheduled maturity date so long as the Payment Conditions are
satisfied on a Pro Forma Basis immediately after giving effect to any such payment or distribution; and (G) additional payments in respect of Junior Financings in an amount not to exceed the greater of (1) $15.0 million and (2) 8% of
EBITDA for the most recently ended Test Period; or 

  
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 (ii) Amend or modify, or permit the amendment or modification of, any provision of Junior
Financing or the Term Loan Credit Agreement or any agreement, document or instrument evidencing or relating thereto, other than amendments or modifications that (A) are not in any manner materially adverse to Lenders in their capacity as such
and that do not affect the subordination or payment provisions thereof (if any) in a manner adverse to the Lenders in their capacity as such or (B) otherwise comply with the definition of “Permitted Refinancing Indebtedness”. 

(c) Permit any Subsidiary to enter into any agreement or instrument that by its terms restricts (i) the payment of dividends or
distributions or the making of cash advances to the Borrowers or any Subsidiary that is a direct or indirect parent of such Subsidiary or (ii) the granting of Liens by the Borrowers or such Subsidiary pursuant to the Security Documents, in each
case, other than those arising under any Loan Document, except, in each case, restrictions existing by reason of: 
 (A) restrictions
imposed by applicable law; 
 (B) contractual encumbrances or restrictions in effect on the Closing Date under Indebtedness existing on the
Closing Date and set forth on Schedule 6.01 or in any agreements related to any Permitted Refinancing Indebtedness incurred to Refinance such Indebtedness that does not expand the scope of any such encumbrance or restriction; 

(C) any restriction on a Subsidiary imposed pursuant to an agreement entered into for the sale or disposition of the Equity Interests or
assets of a Subsidiary; 
 (D) customary provisions in joint venture agreements, similar agreements applicable to joint ventures and other
similar agreements entered into in the ordinary course of business; 
 (E) any restrictions imposed by any agreement relating to secured
Indebtedness permitted by this Agreement to the extent that such restrictions apply only to the property or assets securing such Indebtedness; 

(F) any restrictions imposed by any agreement relating to Indebtedness incurred pursuant to Sections 6.01(h), (i) or 6.01(r) or Permitted
Refinancing Indebtedness incurred to Refinance such Indebtedness, to the extent such restrictions are not more restrictive, taken as a whole, than the restrictions applicable to the Indebtedness being refinanced; 

(G) customary provisions contained in leases or licenses of intellectual property and other similar agreements entered into in the ordinary
course of business; 
 (H) customary provisions restricting subletting or assignment of any lease governing a leasehold interest; 

(I) customary provisions restricting assignment of any agreement entered into in the ordinary course of business; 

(J) customary restrictions and conditions contained in any agreement relating to the sale, transfer, lease or other disposition of any asset
permitted under Section 6.05 pending the consummation of such sale, transfer, lease or other disposition; 
 (K) customary restrictions
and conditions contained in the document relating to any Lien, so long as (1) such Lien is a Permitted Lien and such restrictions or conditions relate only to the specific asset subject to such Lien, and (2) such restrictions and
conditions are not created for the purpose of avoiding the restrictions imposed by this Section 6.09; 
 (L) customary net worth
provisions contained in Real Property leases entered into by Subsidiaries of the Lead Borrower, so long as the Lead Borrower has determined in good faith that such net worth provisions would not reasonably be expected to impair the ability of the
Lead Borrower and its Subsidiaries to meet their ongoing obligations; 

  
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 (M) any agreement in effect at the time such subsidiary becomes a Subsidiary, so long as
such agreement was not entered into in contemplation of such Person becoming a Subsidiary; 
 (N) restrictions in agreements representing
Indebtedness permitted under Section 6.01 of a Subsidiary of the Lead Borrower that is not a Loan Party; 
 (O) customary restrictions
on leases, subleases, licenses or Equity Interests or asset sale agreements otherwise permitted hereby as long as such restrictions relate to the Equity Interests and assets subject thereto; 

(P) restrictions on cash or other deposits imposed by customers under contracts entered into in the ordinary course of business; 

(Q) restrictions contained in the Term Loan Documents and/or in any Permitted Term Priority Indebtedness Document; or 

(R) any encumbrances or restrictions of the type referred to in Sections 6.09(d)(i) and 6.09(d)(ii) above imposed by any amendments,
modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred to in clauses (A) through (Q) above; provided that such amendments,
modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are, in the good faith judgment of the Lead Borrower, no more restrictive with respect to such dividend and other payment restrictions than those
contained in the dividend or other payment restrictions prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing. 

Section 6.10. [Reserved]. 

Section 6.11. Financial Covenant. Permit the Consolidated Fixed Charge Coverage Ratio for any Test Period to be less than 1.00
to 1.00; provided that such Consolidated Fixed Charge Coverage Ratio will only be tested on the date any Covenant Trigger Period commences (as of the last day of the Test Period ending immediately prior to the date on which such Covenant
Trigger Period shall have commenced) and shall continue to be tested as of the last day of each Test Period thereafter until such Covenant Trigger Period is no longer continuing. 

Section 6.12. Fiscal Year; Accounting. Cause the end of its fiscal year to change to a date other than the Saturday closest to
January 31, unless prior written notice of a change is given to the Administrative Agent. 
 ARTICLE VII 

EVENTS OF DEFAULT 
 Section
7.01. Events of Default. In case of the happening of any of the following events (each, an “Event of Default”): 

(a) any representation or warranty made or deemed made by Holdings, the Borrowers or any other Loan Party (i) herein or in any other Loan
Document or any certificate or document delivered pursuant hereto or thereto or (ii) contained in any Borrowing Base Certificate with respect to the Borrowing Base, shall, in each case, prove to have been false or misleading in any material
respect when so made or deemed made, and, with respect to clause (ii) above only, such default shall continue unremedied for a period of three (3) Business Days; 

(b) default shall be made in the payment of any principal of any Loan when and as the same shall become due and payable, whether at the due
date thereof or at a date fixed for prepayment thereof or by acceleration thereof or otherwise; 

  
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 (c) default shall be made in the payment of any interest on any Loan or the reimbursement
with respect to any L/C Disbursement or in the payment of any fee or any other amount (other than an amount referred to in (b) above) due under any Loan Document, when and as the same shall become due and payable, and such default shall
continue unremedied for a period of five (5) Business Days; 
 (d) default shall be made in the due observance or performance by
Holdings, the Borrowers or any of the Subsidiaries of any covenant, condition or agreement contained in Section 5.01, 5.05(a)(x) or Article VI; 

(e) default shall be made in the due observance or performance by Holdings, the Borrowers or any of the Subsidiaries of any covenant, condition
or agreement contained in (i) Sections 5.04(a) – (c), and such default shall continue unremedied for a period of ten (10) days, (ii) Sections 5.04(d) – (f), and such default shall continue unremedied for a period of fifteen
(15) Business Days, (iii) Section 5.15(a) or Section 5.16, and such default shall continue unremedied for a period of three (3) Business Days, or (iv) any Loan Document (other than those specified in clauses (i) or
(ii) or in paragraphs (b), (c) and (d) above) and such default shall continue unremedied for a period of 30 days after notice thereof from the Administrative Agent (acting at the written direction of the Required Lenders) to the Lead Borrower;

 (f) (i) any event or condition occurs that enables or permits (with all applicable grace periods having expired) the holder or
holders of any Material Indebtedness, or any trustee or agent on its or their behalf, to cause such Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity or
any Guarantee of Material Indebtedness to become payable, or cash collateral in respect thereof to be demanded; or (ii) Holdings, the Borrowers or any Subsidiary fails to make payment when due with all applicable grace periods having expired
(whether by scheduled maturity, required prepayment, acceleration, demand or otherwise) in respect of any Material Indebtedness, but regardless of the amount which comprises such payment; provided, that this clause (f) shall not apply to
(1) secured Indebtedness that becomes due subject to a mandatory prepayment or redemption as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness if such sale or transfer is permitted hereunder and
under the documents providing for such Indebtedness, (2) any Indebtedness that is required to be prepaid with excess cash flow or insurance proceeds received in connection with any casualty and/or condemnation event and/or (3) termination
events or equivalent events pursuant to the terms of any Swap Agreement which are not the result of any default thereunder by any Loan Party or any Subsidiary); 

(g) there shall have occurred a Change in Control; 

(h) an involuntary proceeding shall be commenced or an involuntary petition shall be filed in a court of competent jurisdiction seeking
(i) relief in respect of Holdings, the Borrowers or any of the Subsidiaries, or of a substantial part of the property or assets of Holdings, the Borrowers or any Subsidiary, under Title 11 of the United States Code, as now constituted or
hereafter amended, or any other federal, state or foreign bankruptcy, insolvency, receivership or similar law, (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for Holdings, the Borrowers or
any of the Subsidiaries or for a substantial part of the property or assets of Holdings, the Borrowers or any of the Subsidiaries or (iii) the winding up or liquidation of Holdings, the Borrowers or any Subsidiary (except, in the case of any
Subsidiary, in a transaction permitted by Section 6.05); and such proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; 

(i) Holdings, the Borrowers or any Subsidiary shall (A) voluntarily commence any proceeding or file any petition seeking relief under
Title 11 of the United States Code, as now constituted or hereafter amended, or any other federal, state or foreign bankruptcy, insolvency, receivership or similar law, (B) consent (including by a resolution of its Board of Directors) to the
institution of, or fail to contest in a timely and appropriate manner, any proceeding or the filing of any petition described in either (x) clause (A) of this paragraph (i) or (y) in paragraph (h) above, (C) apply for or consent
(including by a resolution of its Board of Directors) to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for Holdings, the Borrowers or any of the Subsidiaries or for a substantial part of the
property or assets of Holdings, the Borrowers or any Subsidiary, (D) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (E) make or consent to (including by a resolution of its Board of
Directors) a general assignment for the benefit of creditors or (F) become unable or admit in writing its inability or fail generally to pay its debts as they become due; 

  
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 (j) the failure by Holdings, the Borrowers or any Subsidiary to pay one or more final
judgments aggregating in excess of $15 million (to the extent not covered by insurance), which judgments are not discharged or effectively waived or stayed for a period of 60 consecutive days, or any action shall be legally taken by a judgment
creditor to levy upon assets or properties of Holdings, the Borrowers or any Subsidiary to enforce any such judgment; 
 (k) (i) a
trustee shall be appointed by a United States district court to administer any Plan, (ii) an ERISA Event or ERISA Events shall have occurred with respect to any Plan or Multiemployer Plan, (iii) the PBGC shall institute proceedings
(including giving notice of intent thereof) to terminate any Plan or Plans, (iv) the Borrowers or any Subsidiary or any ERISA Affiliate shall have been notified by the sponsor of a Multiemployer Plan that such Multiemployer Plan is in
reorganization or is being terminated, within the meaning of Title IV of ERISA (or, after the effectiveness of Title II of the Pension Act, that it is in endangered or critical status, within the meaning of Section 305 of ERISA) or (v) the
Borrowers or any Subsidiary or any ERISA Affiliate shall engage in any “prohibited transaction” (as defined in Section 406 of ERISA or Section 4975 of the Code) involving any Plan; and in each case in clauses (i) through (v)
above, such event or condition, together with all other such events or conditions, if any, would reasonably be expected to have a Material Adverse Effect; 

(l) (i) any material provision of any Loan Document shall for any reason cease to be or is asserted in writing by Holdings, the Borrowers
or any Subsidiary not to be a legal, valid and binding obligation of such Person, (ii) any security interest created or purported to be created by any Security Document and to extend to assets that are not immaterial to the Borrowers and the
Subsidiaries on a consolidated basis shall cease to be, or shall be asserted in writing by Holdings, the Borrowers or any other Loan Party not to be, a valid and perfected security interest (perfected as or having the priority required by this
Agreement or the relevant Security Document and subject to such limitations and restrictions as are set forth herein and therein) in the securities, assets or properties covered thereby, except to the extent that any such loss of perfection or
priority results from the limitations of foreign laws, rules and regulations as they apply to pledges of Equity Interests in Foreign Subsidiaries or the application thereof, or from the failure of the Collateral Agent to maintain possession of
certificates actually delivered to it representing securities pledged under the U.S. Collateral Agreement or (iii) the Guarantees pursuant to the Security Documents by Holdings, the Borrowers or any other Loan Party of any of the Obligations
shall cease to be in full force and effect (other than in accordance with the terms thereof), or shall be asserted in writing by Holdings, the Borrowers or any other Loan Party not to be in effect or not to be legal, valid and binding obligations;
or 
 (m) Any U.K. Insolvency Event occurs with respect to any U.K. Borrower. 

then, and in every such event (other than an event described in paragraph (h) or (i) above), and at any time thereafter during the continuance of such
event, the Administrative Agent, acting at the written direction of the Required Lenders, shall, by notice to the Lead Borrower, take any or all of the following actions, at the same or different times: (i) terminate forthwith the Commitments,
(ii) declare the Loans then outstanding to be forthwith due and payable in whole or in part, whereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and any unpaid accrued Fees and all
other liabilities of the Borrowers accrued hereunder and under any other Loan Document, shall become forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the
Borrowers, anything contained herein or in any other Loan Document to the contrary notwithstanding and (iii) if the Loans have been declared due and payable pursuant to clause (ii) above, demand cash collateral pursuant to
Section 2.04(j); and in any event described in paragraph (h) or (i) above, the Commitments shall automatically terminate, the principal of the Loans then outstanding, together with accrued interest thereon and any unpaid accrued Fees and
all other liabilities of the Borrowers accrued hereunder and under any other Loan Document, shall automatically become due and payable and the Administrative Agent shall be deemed to have made a demand for cash collateral to the full extent
permitted under Section 2.04(j), without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrowers, anything contained herein or in any other Loan Document to the contrary
notwithstanding; provided that, solely with respect to the enforcement of the liens or exercise of any other rights or remedies with respect to the Collateral (including rights to set off or apply any amounts in any bank accounts that are a
part of the Collateral), the Administrative Agent will provide the Lead Borrower with at least five (5) business days’ prior written notice thereof. 

  
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 Section 7.02. Exclusion of Immaterial Subsidiaries. Solely for the purposes of
determining whether a Default or Event of Default has occurred under clauses (h) or (i) of Section 7.01, any reference in any such clause to any Subsidiary shall be deemed not to include any Immaterial Subsidiary affected by any event or
circumstance referred to in any such clause. 
 Section 7.03. Application of Funds. Subject to the terms of the Intercreditor
Agreement and, after the exercise of remedies provided for in Section 7.01 (or after the Loans have automatically become immediately due and payable as set forth in Section 7.01 and the Commitments have been terminated), any amounts
received on account of the Obligations shall be applied by the Administrative Agent pursuant to Section 5.02 of the U.S. Collateral Agreement, Clause 4 (Application of Proceeds) of the U.K. Security Trust Deed or Section 19 of the
Gibraltar Security Agreement, as applicable. 
 ARTICLE VIII 

THE AGENTS 
 Section 8.01.
Appointment. 
 (a) Each Lender (in its capacities as a Lender and on behalf of itself and, to the extent such Lender has the
requisite authority, its Affiliates as potential counterparties to Swap Agreements) and each Issuing Bank (in such capacities and on behalf of itself and its Affiliates as potential counterparties to Swap Agreements) hereby irrevocably designates
and appoints (i) the Administrative Agent as the agent of such Lender under this Agreement and the other Loan Documents, and (ii) the Collateral Agent as the agent of such Lender and the other Secured Parties under the Security Documents,
and each such Lender irrevocably authorizes each Agent, in such capacity, to take such action on its behalf under the provisions of this Agreement and the other Loan Documents and to exercise such powers and perform such duties as are expressly
delegated to such Agent by the terms of this Agreement and the other Loan Documents, together with such other powers as are reasonably incidental thereto. In addition, to the extent required under the laws of any jurisdiction other than the United
States, each of the Lenders and the Issuing Banks hereby grants to the Administrative Agent any required powers of attorney to execute any Security Document governed by the laws of such jurisdiction on such Lender’s or Issuing Bank’s
behalf. Notwithstanding any provision to the contrary elsewhere in this Agreement, no Agent shall have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants,
functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent. 

(b) In furtherance of the foregoing, each Lender (in its capacities as a Lender and on behalf of itself and, to the extent such Lender has the
requisite authority, its Affiliates as potential counterparties to Swap Agreements) and each Issuing Bank (in such capacities and on behalf of itself and its Affiliates as potential counterparties to Swap Agreements) hereby appoints and authorizes
the Collateral Agent to act as the agent of such Lender for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations, together with such powers and discretion as
are reasonably incidental thereto. In connection therewith, any Subagent appointed by the Collateral Agent pursuant to Section 8.02 or any agent appointed by the Administrative Agent as permitted hereunder) shall be entitled to the benefits of
this Article VIII (including, without limitation, Section 8.07) as though such Subagent or agent were an “Agent” under the Loan Documents, as if set forth in full herein with respect thereto. 

(c) Each Lender (in its capacity as a Lender and on behalf of itself and, to the extent such Lender has the requisite authority, its Affiliates
as potential counterparties to Swap Agreements) and each Issuing Bank (in such capacities and on behalf of itself and its Affiliates as potential counterparties to Swap Agreements) irrevocably authorizes the Agents, at its option and in its
discretion, to release any Lien on any property granted to or held by the Agents under any Loan Document (A) upon termination of the Commitments and payment in full of all Obligations (other than in respect of contingent indemnification and
expense reimbursement obligations for which no claim has been made) and the expiration, termination or cash collateralization of all Letters of Credit, (B) 

  
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that is sold or to be sold as part of or in connection with any sale permitted hereunder or under any other Loan Document, or (C) if approved, authorized or ratified in writing in accordance
with Section 9.08 hereof. Upon request by either Agent at any time, the Required Lenders will confirm in writing such Agent’s authority to release its interest in particular types or items of property, or to release any Loan Party from its
obligations under the Loan Documents. 
 (d) In case of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any Loan Party, (i) the Administrative Agent (irrespective of whether the principal of any Obligation shall then be due and payable as herein
expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise (A) to file and prove a
claim for the whole amount of the principal and interest owing and unpaid in respect of any or all of the Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the
Lenders, the Issuing Banks and each Agent and any Subagents allowed in such judicial proceeding, and (B) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same, and (ii) any
custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and Issuing Bank to make such payments to the Administrative Agent and, if the
Administrative Agent shall consent to the making of such payments directly to the Lenders and the Issuing Banks, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Agents
and their agents and counsel, and any other amounts due to the Agents under the Loan Documents. Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender or
Issuing Bank any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or Issuing Bank or to authorize the Administrative Agent to vote in respect of the claim of any Lender or Issuing
Bank in any such proceeding. 
 Section 8.02. Delegation of Duties. Each Agent may execute any of its duties under this
Agreement and the other Loan Documents (including for purposes of holding or enforcing any Lien on the Collateral or any portion thereof) by or through agents, employees or
attorneys-in-fact and shall be entitled to advice of counsel and other consultants or experts concerning all matters pertaining to such duties. The Administrative Agent
may also from time to time, when the Administrative Agent deems it to be necessary or desirable, appoint one or more trustees, co-trustees, collateral co-agents,
collateral subagents or attorneys-in-fact (each, a “Subagent”) with respect to all or any part of the Collateral; provided, that no such Subagent
shall be authorized to take any action with respect to any Collateral unless and except to the extent expressly authorized in writing by the Administrative Agent. Should any instrument in writing from the Lead Borrower or any other Loan Party be
required by any Subagent so appointed by the Administrative Agent to more fully or certainly vest in and confirm to such Subagent such rights, powers, privileges and duties, the Lead Borrower shall, or shall cause such Loan Party to, execute,
acknowledge and deliver any and all such instruments promptly upon request by the Administrative Agent. If any Subagent, or successor thereto, shall die, become incapable of acting, resign or be removed, all rights, powers, privileges and duties of
such Subagent, to the extent permitted by law, shall automatically vest in and be exercised by the Administrative Agent until the appointment of a new Subagent. The Administrative Agent shall not be responsible for the negligence or misconduct of
any agent, attorney-in- fact or Subagent. 
 Section
8.03. Exculpatory Provisions. (a) Notwithstanding anything to the contrary set forth in this Agreement or any other Loan Document, neither any Agent or its Affiliates nor any of their respective officers, directors, employees, agents, attorneys-in-fact or affiliates shall be (i) liable for any action taken or not taken by it with the consent, instruction, direction or at the request of the Required
Lenders (or such other number or percentage of Lenders as shall be necessary under the circumstances), (ii) otherwise liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement or any
other Loan Document (except to the extent that any of the foregoing are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from its or such Person’s own gross negligence or willful misconduct) or
(iii) responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made by any Loan Party or any officer thereof contained in this Agreement or any other Loan Document or in any certificate,
report, statement or other document referred to or provided for in, or received by the Agents under or in connection with, this Agreement or any other Loan Document or for the value, validity, effectiveness, genuineness, enforceability or
sufficiency of this Agreement or any other Loan Document or for any failure of any Loan Party a 

  
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party thereto to perform its obligations hereunder or thereunder. The Agents shall not be under any obligation to any Lender to ascertain or to inquire as to the observance or performance of any
of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the properties, books or records of any Loan Party. The Administrative Agent shall not have any duties or obligations except those expressly
set forth herein and in the other Loan Documents. Without limiting the generality of the foregoing, (a) no Agent shall be subject to any fiduciary or other implied duties, regardless of whether a Default or Event of Default has occurred and is
continuing, and (b) no Agent shall, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, or be liable for the failure to disclose, any information relating to the Lead Borrower or any of its
Affiliates that is communicated to or obtained by the Person serving as such Agent or any of its Affiliates in any capacity. Each Agent shall be deemed not to have knowledge of any Default or Event of Default unless and until written notice
describing such Default or Event of Default is given to a Responsible Officer of such Agent in writing by the Borrower, a Lender or an Issuing Bank. No Agent shall be responsible for or have any duty to ascertain or inquire into (i) any
statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or
therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default or Event of Default, (iv) the validity, enforceability,
effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Security Documents, (v) the value or the
sufficiency of any Collateral or (vi) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. 

(b) No Agent shall be responsible for (i) perfecting, maintaining, monitoring, preserving or protecting the security interest or lien
granted under this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, (ii) the filing, re-filing, recording,
re-recording or continuing or any document, financing statement, mortgage, assignment, notice, instrument of further assurance or other instrument in any public office at any time or times or
(iii) providing, maintaining, monitoring or preserving insurance on or the payment of taxes with respect to any of the Collateral. The actions described in items (i) through (iii) shall be the sole responsibility of the Lead Borrower. 

(c) Each Agent has accepted and is bound by this Agreement and the other Loan Documents executed by such Agent as of the date of this Agreement
and, as directed in writing by the Required Lenders, each Agent shall execute additional Loan Documents delivered to it after the date of this Agreement; provided, however, that such additional Loan Documents do not adversely affect
the rights, privileges, benefits and immunities of such Agent. Each Agent will not otherwise be bound by, or be held obligated by, the provisions of any loan agreement, indenture or other agreement governing the Obligations (other than this
Agreement and the other Loan Documents to which such Agent is a party). 
 (d) No written direction given to any Agent by the Required
Lenders or the Lead Borrower or any Loan Party that in the sole judgment of such Agent imposes, purports to impose or might reasonably be expected to impose upon such Agent any obligation or liability not set forth in or arising under this Agreement
and the other Loan Documents will be binding upon such Agent unless such Agent elects, at its sole option, to accept such direction. 
 (e)
No Agent shall be responsible or liable for any failure or delay in the performance of its obligations under this Agreement or the other Loan Documents arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control,
including, without limitation, acts of God; earthquakes; fire; flood; terrorism; wars and other military disturbances; sabotage; epidemics; riots; business interruptions; loss or malfunctions of utilities, computer (hardware or software) or
communication services; accidents; labor disputes; acts of civil or military authority and governmental action. 
 (f) In no event shall any
Agent be responsible or liable for special, indirect, or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether such Agent has been advised of the likelihood of such loss or damage
and regardless of the form of action. 

  
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 (g) No Agent shall be liable for any error of judgment made in good faith by a Responsible
Officer of such Agent. 
 (h) Delivery of any reports, information and documents to the Agents is for informational purposes only and such
Agent’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including each Borrower’s compliance with any of its covenants hereunder. 

(i) No Agent shall be (i) required to qualify in any jurisdiction in which it is not presently qualified to perform its obligations as
such Agent or (ii) required to take any enforcement action against any Loan Party or any other obligor outside of the United States. 

(j) Beyond the exercise of reasonable care in the custody of the Collateral in its possession, each Agent will have no duty as to any
Collateral in its possession or control or in the possession or control of any agent or bailee or any income thereon or as to preservation of rights against prior parties or any other rights pertaining thereto. Each Agent will be deemed to have
exercised reasonable care in the custody of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which it accords its own property, and no Agent will be liable or responsible for any loss or diminution
in the value of any of the Collateral by reason of the act or omission of any carrier, forwarding agency or other agent or bailee selected by such Agent in good faith. 

(k) No Agent will 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. Each Agent hereby disclaims any representation or warranty to the present and future
holders of the Obligations concerning the perfection or priority of the Liens granted hereunder or in the value of any of the Collateral. 

(l) In the event that any Agent is required to acquire title to an asset for any reason, or take any managerial action of any kind in regard
thereto, in order to carry out any fiduciary or trust obligation for the benefit of another, which in such Agent’s sole discretion may cause such Agent to be considered an “owner or operator” under any applicable environmental laws or
otherwise cause such Agent to incur, or be exposed to, any environmental liability or any liability under any other federal, state or local law, such Agent reserves the right, instead of taking such action, either to resign as Agent or to arrange
for the transfer of the title or control of the asset to a court appointed receiver. No Agent will be liable to any Person for any Environmental Claims or contribution actions under any federal, state or local law, rule or regulation by reason of
such Agent’s actions and conduct as authorized, empowered and directed hereunder or relating to any Release of any Hazardous Materials into the Environment. 

Section 8.04. Reliance by each Agent. Each Agent shall be entitled to rely upon, and shall not incur any liability for relying
upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) or conversation believed by it to be genuine and to have
been signed, sent or otherwise authenticated by the proper Person. Each Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying
thereon. In determining compliance with any condition hereunder to any Credit Event, that by its terms must be fulfilled to the satisfaction of a Lender or any Issuing Bank, each Agent may presume that such condition is satisfactory to such Lender
or Issuing Bank unless such Agent shall have received notice to the contrary from such Lender or the Issuing Bank prior to such Credit Event. Each Agent may consult with legal counsel (including counsel to the Lead Borrower), independent accountants
and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. Each Agent may deem and treat the payee of any Note as the owner thereof for
all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent. The Administrative Agent shall be fully justified in failing or refusing to take any action under this Agreement
or any other Loan Document unless such Agent shall first receive such advice or concurrence of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances provided herein) and until such
instructions are received, such Agent shall act, or refrain from acting as it deems advisable. If any Agent so requests, it shall first be indemnified to its reasonable satisfaction by the Lenders or required Lenders, as applicable, against any and
all liability and expense that may be incurred by it by 

  
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reason of taking or continuing to take any such action. Each Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document
in accordance with a request or consent of the Required Lenders, and such request and any action taken or failure to act pursuant thereto shall be binding upon all of the Lenders. No provision of this Agreement or any other Loan Document or any
agreement or instrument contemplated hereby or thereby or the transactions contemplated hereby or thereby shall require any Agent to: (i) expend or risk its own funds or provide indemnities in the performance of any of its duties hereunder or
the exercise of any of its rights or power or (ii) otherwise incur any financial liability in the performance of its duties or the exercise of any of its rights or powers. 

Section 8.05. Section 8.05. Notice of Default. No Agent shall be deemed to have knowledge or notice of the occurrence of any
Default or Event of Default unless a Responsible Officer of such Agent has received written notice from a Lender or the Lead Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a
“notice of default.” In the event that any Agent receives such a notice, such Agent shall give notice thereof to the Lenders. Subject to Section 8.04, each Agent shall take such action with respect to such Default or Event of Default
as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all or other Lenders); provided, that unless and until such Agent shall have received such directions, such Agent may (but shall not be obligated
to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders. 

Section 8.06. Non-Reliance on Agents and Other Lenders. Each Lender expressly acknowledges
that neither the Agents nor any of their respective officers, directors, employees, agents, attorneys-in-fact or affiliates have made any representations or warranties
to it and that no act by any Agent hereafter taken, including any review of the affairs of a Loan Party or any affiliate of a Loan Party, shall be deemed to constitute any representation or warranty by any Agent to any Lender. Each Lender represents
to the Agents that it has, independently and without reliance upon any Agent or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations,
property, financial and other condition and creditworthiness of the Loan Parties and their affiliates and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender also represents that it will, independently and
without reliance upon any Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this
Agreement and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their affiliates.
Except for notices, reports and other documents expressly required to be furnished to the Lenders by any Agent hereunder, no Agent shall have any duty or responsibility to provide any Lender with any credit or other information concerning the
business, operations, property, condition (financial or otherwise), prospects or creditworthiness of any Loan Party or any Affiliate of a Loan Party that may come into the possession of such Agent or any of its officers, directors, employees,
agents, attorneys-in-fact or affiliates. 

Section 8.07. Indemnification. The Lenders agree to indemnify and hold harmless each Agent and each Issuing Bank in its capacity
as such, any Receiver or Delegate, and each of their respective affiliates, directors, officers and employees (collectively, the “Lender Indemnitees”) (to the extent not reimbursed by the Lead Borrower and without limiting the
obligation of the Lead Borrower to do so), in the amount of its pro rata share (based on its aggregate Global Exposure and unused Commitments hereunder; provided, that the aggregate principal amount of L/C Disbursements owing to any Issuing
Bank shall be considered to be owed to the Lenders ratably in accordance with their respective Global Exposure) (determined at the time such indemnity is sought), from and against any and all claims, liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, charges, costs, expenses (including, but not limited to, legal expenses, which shall be limited to not more than one counsel for all Indemnitees, plus, if necessary, one local counsel per jurisdiction (and,
solely in the event of any conflict of interest among the Indemnitees, one additional counsel) (and, if reasonably necessary, one applicable local counsel in each appropriate jurisdiction to the relevant group of Indemnitees, taken as a whole)) or
disbursements of any kind whatsoever that may at any time (whether before or after the payment of the Loans and regardless of whether such matter is initiated by a third party or by Holdings, any Borrower or any of their subsidiaries or Affiliates
or by any Lender or other creditor or holder of securities of Holdings, any Borrower or their subsidiaries or Affiliates) be imposed on, incurred by or asserted against such Lender Indemnitee, in any way relating to or arising out of the
Commitments, this Agreement, any of the other Loan Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by such Lender

  
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Indemnitee under or in connection with any of the foregoing; provided, that no Lender shall be liable for the payment of any portion of such claims, liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, charges, costs, expenses or disbursements to the extent found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from Lender Indemnitee’s gross negligence
or willful misconduct. The failure of any Lender to reimburse any Lender Indemnitee, as the case may be, promptly upon demand for its ratable share of any amount required to be paid by the Lenders to such Lender Indemnitee, as the case may be, as
provided herein shall not relieve any other Lender of its obligation hereunder to reimburse such Lender Indemnitee, as the case may be, for its ratable share of such amount, but no Lender shall be responsible for the failure of any other Lender to
reimburse such Lender Indemnitee, as the case may be, for such other Lender’s ratable share of such amount. The agreements in this Section shall survive the resignation or removal of any Agent, payment of the Loans and all other amounts payable
hereunder and the exercise of Write-Down and Conversion Powers by an EEA Resolution Authority with respect to any Lender that is an EEA Financial Institution. 

Section 8.08. Agent in Its Individual Capacity. Each Agent and its affiliates may make loans to, accept deposits from, and
generally engage in any kind of business with any Loan Party as though such Agent were not an Agent. With respect to its Loans made or renewed by it and with respect to any Letter of Credit issued, or Letter of Credit participated in, by it, each
Agent shall have the same rights and powers under this Agreement and the other Loan Documents as any Lender and may exercise the same as though it were not an Agent, and the terms “Lender” and “Lenders” shall include each Agent
in its individual capacity. 
 Section 8.09. Successor Agent. Each Agent may resign as in its capacity as such upon 10
days’ notice to the Lenders and the Lead Borrower, and the Required Lenders may remove the Administrative Agent for any reason upon 20 days’ prior written notice to the Administrative Agent. If any Agent shall resign under this Agreement
and the other Loan Documents or is removed by the Required Lenders, then the Required Lenders shall appoint a successor agent for the Lenders, which successor agent shall (unless an Event of Default under Section 7.01(b), (c), (h) or
(i) shall have occurred and be continuing) be subject to approval by the Lead Borrower (which approval shall not be unreasonably withheld or delayed), whereupon such successor agent shall succeed to the rights, powers and duties of such Agent,
and the term “Administrative Agent” or “Collateral Agent”, as applicable, shall mean such successor agent effective upon such appointment and approval, and the former Agent’s rights, powers and duties as such Agent shall be
terminated, without any other or further act or deed on the part of such former Agent or any of the parties to this Agreement or any holders of the Loans. Prior to any Administrative Agent’s resignation or removal hereunder as Administrative
Agent, the retiring or removed Administrative Agent shall, in the event that a successor Administrative Agent is being appointed at the time of such resignation or removal, take such action as may be reasonably necessary to assign to the successor
Administrative Agent its rights as Administrative Agent under the Loan Documents. A retiring or removed Administrative Agent shall, in the event that a successor Administrative Agent is not appointed at the time of such resignation or removal, take
all actions reasonably requested by the Lead Borrower or the Required Lenders (for a reasonable period of time, not to exceed 60 days) (including providing the Lead Borrower and the Required Lenders with a copy of the Registrar and other documents
and information in the possession of the resigning or removed Administrative Agent that is reasonably requested by the Required Lenders or the Lead Borrower) in connection with (x) in the case of the Required Lenders, the Required Lenders’
performance of the duties and obligations of the Administrative Agent under the Loan Documents and (y) in the case of the Borrowers, the Borrowers’ obligation to make payments directly to the Lenders and provide notices and information
directly to the Lenders. If no successor agent has accepted appointment as Administrative Agent by the date that is 10 days following a retiring Administrative Agent’s notice of resignation or 20 days’ following a notice of removal, the
retiring or removed Administrative Agent’s resignation or removal shall nevertheless thereupon become effective, and the Required Lenders shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring or
removed Administrative Agent (other than as provided in Section 2.15 and other than any rights to indemnity payments or other amounts owed to the retiring or removed Administrative Agent as of the effectiveness of such resignation or
retirement); provided that (A), solely for purposes of maintaining any security interest granted to the Administrative Agent under any Security Document for the benefit of the Secured Parties, the retiring Administrative Agent shall continue
to be vested with such security interest as Collateral Agent for the benefit of the Secured Parties, and continue to be entitled to the rights set forth in such Security Document and Loan Document, and, in the case of any Collateral in the
possession of the Administrative Agent, shall continue to hold such Collateral, in each case solely until such time as a successor Administrative Agent is appointed and accepts such appointment in accordance with this Section (it being understood
and agreed that the retiring Administrative Agent shall have no duty or obligation to take any further 

  
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action under any Security Document), (B) all payments required to be made hereunder or under any other Loan Document to the Administrative Agent for the account of any Person other than the
Administrative Agent shall be made directly to such Person and (C) all notices and other communications required or contemplated to be given or made to the Administrative Agent shall also directly be given or made to each Lender. After any
retiring or removed Administrative Agent’s resignation or removal, as applicable, as Administrative Agent, the provisions of this Section 8.09 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was
Administrative Agent under this Agreement and the other Loan Documents. 
 Any resignation or removal of Citi as Administrative Agent
hereunder shall, unless Citi gives notice to the Lead Borrower otherwise, also constitute its resignation as Issuing Bank and the Swingline Lender effective as of the date of effectiveness of its resignation or removal as Administrative Agent as
provided above; it being understood that in the event of any such resignation, any Letter of Credit then outstanding shall remain outstanding (irrespective of whether any amounts have been drawn at such time). Upon the acceptance of a
successor’s appointment as Administrative Agent hereunder, such successor shall, unless the Lead Borrower otherwise appoints any Lender that is willing to accept such appointment as successor Issuing Bank or Swingline Lender hereunder, succeed
as Issuing Bank or Swingline Lender. Upon the acceptance of any appointment as Issuing Bank or Swingline Lender hereunder by a successor Issuing Bank or Swingline Lender, as applicable, such successor Issuing Bank or Swingline Lender, as applicable,
shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the resigning Issuing Bank or Swingline Lender, as applicable, and the resigning Issuing Bank and Swingline Lender, as applicable, shall be discharged
from its duties and obligations in such capacity hereunder. In the event the Swingline Lender resigns, the Borrowers shall promptly repay all outstanding Swingline Loans on the effective date of such resignation (which repayment may be effectuated
with the proceeds of a Borrowing). 
 Section 8.10. Withholding Taxes. To the extent required by any applicable laws, the
Administrative Agent may withhold from any payment to any Lender an amount equivalent to any applicable withholding Tax. Without limiting or expanding the provisions of Section 2.15, each Lender shall indemnify and hold harmless the
Administrative Agent against, within 10 days after written demand therefor, any and all Taxes and any and all related losses, claims, liabilities and expenses (including fees, charges and disbursements of any counsel for the Administrative Agent)
incurred by or asserted against the Administrative Agent by the Internal Revenue Service or any other Governmental Authority as a result of the failure of the Administrative Agent to properly withhold Tax from amounts paid to or for the account of
any Lender for any reason (including, without limitation, because the appropriate form was not delivered or not properly executed, or because such Lender failed to notify the Administrative Agent of a change in circumstance that rendered the
exemption from, or reduction of, withholding Tax ineffective). A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes
the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement or any other Loan Document against any amount due the Administrative Agent under this Section 8.10. The agreements in this
Section 8.10 shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all
other Obligations. For the avoidance of doubt, the term “Lender” in this Section 8.10 shall include any Issuing Bank. 

Section 8.11. Certain ERISA Matters. 

(a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the
date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and its Affiliates, and not, for the avoidance of doubt, to or for the benefit of each Borrower or
any other Loan Party, that at least one of the following is and will be true: 
 i. such Lender is not using “plan assets” (within
the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans with respect to such Lender’s entrance into, participation in, administration of and
performance of the Loans, the Letters of Credit, the Commitments or this Agreement, 

  
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 ii. the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions
involving insurance company general accounts), PTE 90- 1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91- 38 (a
class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house
asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, 

iii. (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI
of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of Credit, the
Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of
sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or 

iv. such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and
such Lender. 
 (b) In addition, unless either (1) sub-clause (i) in the immediately
preceding clause (a) is true with respect to a Lender or (2) a Lender has not provided another representation, warranty and covenant in accordance with in sub-clause (iv) in the immediately
preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases
being a Lender party hereto, for the benefit of, the Administrative Agent not, for the avoidance of doubt, to or for the benefit of each Borrower or any other Loan Party, that the Administrative Agent is not a fiduciary with respect to the assets of
such Lender involved in such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitment and this Agreement (including in connection with the reservation or exercise of any
rights by the Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto). 

Section 8.12. U.K. Security Trust Deed; Releases. Each of the Lenders and the other Secured Parties (a) acknowledges that it
has received a copy of the U.K. Security Trust Deed, (b) consents to the terms of the U.K. Security Trust Deed, (c) agrees that it will be bound by and will take no actions contrary to the provisions of the U.K. Security Trust Deed and
(d) authorizes and instructs the Collateral Agent and the Administrative Agent to enter into the U.K. Security Trust Deed as agent for and on behalf of such Person, and by its acceptance of the benefits of the U.K. Security Trust Deed, hereby
acknowledges and agrees to be bound by such provisions. Each of the Lenders and the other Secured Parties acknowledges and agrees that the Liens over the U.K. Collateral may be released in accordance with the terms of the U.K. Security Trust Deed or
the U.K. Security Documents. 
 ARTICLE IX 

MISCELLANEOUS 
 Section 9.01.
Notices; Communications. 
 (a) Except in the case of notices and other communications expressly permitted to be given by telephone
(and except as provided in Section 9.01(b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by
telecopier as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

  
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 i. if to any Loan Party, the Administrative Agent, the Issuing Bank or the Swingline
Lender, to the address, telecopier number, electronic mail address or telephone number specified for such Person on Schedule 9.01; and 

ii. if to any other Lender, to the address, telecopier number, electronic mail address or telephone number specified in its Administrative
Questionnaire. 
 (b) Notices and other communications to the Lenders and the Issuing Bank hereunder may be delivered or furnished by
electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices to any
Lender or the Issuing Bank pursuant to Article II if such Lender or the Issuing Bank, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative
Agent or the Lead Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to
particular notices or communications. 
 (c) Notices sent by hand or overnight courier service, or mailed by certified or registered mail,
shall be deemed to have been given when received. Notices sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of
business on the next business day for the recipient). Notices delivered through electronic communications to the extent provided in Section 9.01(b) above shall be effective as provided in such Section 9.01(b). 

(d) Any party hereto may change its address or telecopy number for notices and other communications hereunder by notice to the other parties
hereto. 
 (e) Documents required to be delivered pursuant to Section 5.04 (to the extent any such documents are included in materials
otherwise filed with the SEC) may be delivered electronically (including as set forth in Section 9.17) and if so delivered, shall be deemed to have been delivered on the date (i) on which the Lead Borrower posts such documents, or provides
a link thereto on the Lead Borrower’s website on the Internet at the website address listed on Schedule 9.01, or (ii) on which such documents are posted on the Lead Borrower’s behalf on an Internet or intranet website, if any,
to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided, that (A) the Lead Borrower shall deliver paper copies of such documents
to the Administrative Agent or any Lender that requests the Lead Borrower to deliver such paper copies until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender, and (B) the Lead Borrower shall
notify the Administrative Agent and each Lender (by telecopier or electronic mail) of the posting of any such documents and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents.
Notwithstanding anything contained herein, in every instance the Lead Borrower shall be required to provide paper copies of the certificates required by Section 5.04(c) to the Administrative Agent. Except for such certificates required by
Section 5.04(c), the Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no 

responsibility to monitor compliance by the Lead Borrower with any such request for delivery, and each Lender shall be solely responsible for
requesting delivery to it or maintaining its copies of such documents. 
 (f) Each Agent shall have the right to accept and act upon
instructions, including funds transfer instructions (“Instructions”) given pursuant to this Agreement and delivered using Electronic Means; provided, however, that the Lead Borrower shall provide to each Agent an
incumbency certificate listing authorized officers and containing specimen signatures of such authorized officers, which incumbency certificate shall be amended by the Lead Borrower whenever a Person is to be added or deleted from the listing. If
the Lead Borrower elects to give any Instructions using Electronic Means and the Agent in its discretion elects to act upon such Instructions, the Agent’s understanding of such Instructions shall be deemed controlling. The Lead Borrower
understands and agrees that the Agents cannot determine the identity of the actual sender of such Instructions and that the Agents shall conclusively presume that directions that purport to have been sent by an authorized officer

  
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listed on the incumbency certificate provided to such Agent have been sent by such authorized officer. The Lead Borrower shall be responsible for ensuring that only authorized officers transmit
such Instructions to the Agents and that the Lead Borrower and all authorized officers are solely responsible to safeguard the use and confidentiality of applicable user and authorization codes, passwords and/or authentication keys upon receipt by
the Lead Borrower. No Agent shall be liable for any losses, costs or expenses arising directly or indirectly from such Agent’s reliance upon and compliance with such Instructions notwithstanding such directions conflict or are inconsistent with
a subsequent written instruction. The Lead Borrower agrees: (i) to assume all risks arising out of the use of Electronic Means to submit Instructions to the Agents, including without limitation the risk of such Agent acting on unauthorized
Instructions, and the risk of interception and misuse by third parties; (ii) that it is fully informed of the protections and risks associated with the various methods of transmitting Instructions to the Agents and that there may be more secure
methods of transmitting Instructions than the method(s) selected by the Lead Borrower; (iii) that the security procedures (if any) to be followed in connection with its transmission of Instructions provide to it a commercially reasonable degree
of protection in light of its particular needs and circumstances; and (iv) to notify the applicable Agent immediately upon learning of any compromise or unauthorized use of the security procedures. “Electronic Means” shall mean the
following communications methods: S.W.I.F.T., e-mail, facsimile transmission, secure electronic transmission containing applicable authorization codes, passwords and/or authentication keys issued by the
Agents, or another method or system specified by such Agent as available for use in connection with its services hereunder. 

Section 9.02. Survival of Agreement. All covenants, agreements, representations and warranties made by the Loan Parties herein, in
the other Loan Documents and in the certificates or other instruments prepared or delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the Lenders and each Issuing Bank
and shall survive the making by the Lenders of the Loans, the execution and delivery of the Loan Documents and the issuance of the Letters of Credit, regardless of any investigation made by such Persons or on their behalf, and shall continue in full
force and effect as long as the principal of or any accrued interest on any Loan or L/C Disbursement or any Fee or any other amount payable under this Agreement or any other Loan Document is outstanding and unpaid or any Letter of Credit is
outstanding and so long as the Commitments have not been terminated. Without prejudice to the survival of any other agreements contained herein, indemnification and reimbursement obligations contained herein (including pursuant to Sections 2.13,
2.15 and 9.05) shall survive the payment in full of the principal and interest hereunder, the expiration of the Letters of Credit and the termination of the Commitments or this Agreement. In addition to the foregoing, and without prejudice to the
survival of any other obligations contained herein, the obligations of each party contained in Section 2.15 shall survive the resignation or replacement of the Administrative Agent and any assignment of rights by, or the replacement of, any
Lender or any Issuing Bank. 
 Section 9.03. Binding Effect. This Agreement shall become effective when it shall have been
executed by Holdings, the Borrowers and each Agent and when the Administrative Agent shall have received copies hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and
inure to the benefit of Holdings, the Borrowers, each Issuing Bank, each Agent and each Lender and their respective permitted successors and assigns. 

Section 9.04. Success 

(a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby (including any affiliate of the Issuing Bank that issues any Letter of Credit), except that (i) the Borrowers may not assign or otherwise transfer any of their rights or obligations hereunder without the prior written
consent of each Lender (and any attempted assignment or transfer by the Borrowers without such consent shall be null and void) except in connection with the addition of one or more Domestic Subsidiaries as a joint and several co-borrower hereunder or as a result of a transaction permitted by Section 6.05, and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this
Section 9.04. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby (including any Affiliate of the Issuing Bank
that issues any Letter of Credit), Participants (to the extent provided in paragraph (d) of this Section 9.04), and, to the extent expressly contemplated hereby, the Related Parties of each of the Agents, the Issuing Bank and the Lenders)
any legal or equitable right, remedy or claim under or by reason of this Agreement or the other Loan Documents. 

  
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 (b) i. Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign
to one or more assignees other than Holdings, the Borrowers or any of their Affiliates (each, an “Assignee”) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitments and the
Loans at the time owing to it), with the prior written consent (such consent not to be unreasonably withheld or delayed) of: 
 (A) the Lead
Borrower; provided, that no consent of the Lead Borrower shall be required for an assignment to a Lender, an affiliate of a Lender, an Approved Fund (as defined below) or, if an Event of Default under Sections 7.01(b), (c), (h) or
(i) has occurred and is continuing, any other Person (other than a natural Person) that is engaged in making, purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary course; 

(B) the Administrative Agent; provided that no consent of the Administrative Agent shall be required for an assignment to a Lender, an
affiliate of a Lender or an Approved Fund (as defined below); and 
 (C) the Issuing Bank and Swingline Lender, provided that no
consent of the Issuing Bank shall be required for an assignment to a Lender, an affiliate of a Lender or an Approved Fund (as defined below). 

ii. Assignments shall be subject to the following additional conditions: 

(A) except in the case of an assignment to a Lender, an affiliate of a Lender or an Approved Fund or an assignment of the entire remaining
amount of the assigning Lender’s Commitments or Loans, the amount of the Commitments or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is
delivered to the Administrative Agent) shall not be less than $5.0 million in the case of Loans or Commitments, unless the Lead Borrower and the Administrative Agent otherwise consents; provided, that (1) no such consent of the Lead
Borrower shall be required if an Event of Default under Sections 7.01(b), (c), (h) or (i) has occurred and is continuing and (2) such amounts shall be aggregated in respect of each Lender and its Affiliates or Approved Funds (with
simultaneous assignments to or by two (2) or more Approved Funds shall be treated as one assignment), if any; 
 (B) the parties to
each assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance via an electronic settlement system acceptable to the Administrative Agent (or, if previously agreed with the Administrative Agent, manually), and
shall pay to the Administrative Agent a processing and recordation fee of $3,500 (which fee may be waived or reduced in the sole discretion of the Administrative Agent); provided that only one such fee shall be due in respect of a
simultaneous assignment to more than one Affiliate of a Lender or Approved Fund; 
 (C) the Assignee, if it shall not be a Lender, shall
deliver to the Administrative Agent an Administrative Questionnaire and any Tax forms required to be delivered pursuant to Section 2.15; and 

(D) in no event may any Lender assign any portion of its Loans or Commitments to an Affiliate of Holdings, the Borrowers or any other Loan
Party. 
 For the purposes of this Section 9.04, “Approved Fund” means any Person (other than a natural Person) that is engaged in
making, purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary course and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an
entity that administers or manages a Lender. 
 iii. Subject to acceptance and recording thereof pursuant to paragraph (b)(v) below, from
and after the effective date specified in each Assignment and Acceptance the Assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Acceptance, have the rights and obligations of a Lender under
this Agreement, and the assigning Lender thereunder shall, to the extent of the interest 

  
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assigned by such Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all of the assigning Lender’s
rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.13, 2.14, 2.15 and 9.05, if applicable). Any assignment or transfer by a Lender of rights or
obligations under this Agreement that does not comply with this Section 9.04 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (d) of
this Section 9.04. 
 iv. The Administrative Agent, acting for this purpose as an agent of the Borrowers, shall maintain at one of its
offices a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amount (and interest amounts) of the Loans and Revolving L/C
Exposure owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and the Borrowers, the Administrative Agent, the Issuing Bank and
the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection
by the Lead Borrower, the Issuing Bank and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 
 v. Upon
its receipt of a duly completed Assignment and Acceptance executed by an assigning Lender and an Assignee, the Assignee’s completed Administrative Questionnaire (unless the Assignee shall already be a Lender hereunder), all applicable Tax
forms, the processing and recordation fee referred to in paragraph (b) of this Section and any written consent to such assignment required by paragraph (b) of this Section, the Administrative Agent promptly shall accept such Assignment and
Acceptance and record the information contained therein in the Register. No assignment, whether or not evidenced by a promissory note, shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this
paragraph (b)(v). 
 (c) By executing and delivering an Assignment and Acceptance, the assigning Lender thereunder and the Assignee
thereunder shall be deemed to confirm to and agree with each other and the other parties hereto as follows: (i) such assigning Lender warrants that it is the legal and beneficial owner of the interest being assigned thereby free and clear of
any adverse claim and that its Commitment and the outstanding balances of its Loans, in each case without giving effect to assignments thereof which have not become effective, are as set forth in such Assignment and Acceptance, (ii) except as
set forth in clause (i) above, such assigning Lender makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement, or the execution,
legality, validity, enforceability, genuineness, sufficiency or value of this Agreement, any other Loan Document or any other instrument or document furnished pursuant hereto, or the financial condition of the Borrowers or any Subsidiary or the
performance or observance by the Borrowers or any Subsidiary of any of its obligations under this Agreement, any other Loan Document or any other instrument or document furnished pursuant hereto; (iii) the Assignee represents and warrants that
it is legally authorized to enter into such Assignment and Acceptance and that it is not an Ineligible Institution; (iv) the Assignee confirms that it has received a copy of this Agreement, together with copies of the most recent financial
statements referred to in Section 3.05 (or delivered pursuant to Section 5.04), and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and
Acceptance; (v) the Assignee will independently and without reliance upon the Administrative Agent, the Collateral Agent, such assigning Lender or any other Lender and based on such documents and information as it shall deem appropriate at the
time, continue to make its own credit decisions in taking or not taking action under this Agreement; (vi) the Assignee appoints and authorizes each Agent to take such action as agent on its behalf and to exercise such powers under this
Agreement as are delegated to such Agent by the terms of this Agreement, together with such powers as are reasonably incidental thereto; and (vii) the Assignee agrees that it will perform in accordance with their terms all the obligations which
by the terms of this Agreement are required to be performed by it as a Lender. 
 (d) i. Any Lender may, without the consent of the Lead
Borrower or the Administrative Agent, sell participations to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of
its Commitments and the Loans owing to it); provided, that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations and (C) the Borrowers, the Administrative Agent, the Issuing Bank and the other Lenders shall continue to deal solely and 

  
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directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement pursuant to which a Lender sells such a participation shall provide that
such Lender shall retain the sole right to enforce this Agreement and the other Loan Documents and to approve any amendment, modification or waiver of any provision of this Agreement and the other Loan Documents; provided, that (x) such
agreement may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver that (1) requires the consent of each Lender directly affected thereby pursuant to Section 9.04(a)(i)
or clauses (i), (ii), (iii), (iv), (v) or (vi) of the first proviso to Section 9.08(b) and (2) directly affects such Participant and (y) no other agreement with respect to amendment, modification or waiver may exist between such
Lender and such Participant. Subject to paragraph (c)(ii) of this Section 9.04, the Borrowers agree that each Participant shall be entitled to the benefits of Sections 2.13, 2.14 and 2.15 (subject to the requirements and limitations of such
Sections) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section 9.04. To the extent permitted by law, each Participant also shall be entitled to the benefits of
Section 9.06 as though it were a Lender, provided such Participant shall be subject to Section 2.16(c) as though it were a Lender. 

ii. A Participant shall not be entitled to receive any greater payment under Section 2.13, 2.14 or 2.15 than the applicable Lender would
have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Lead Borrower’s prior written consent (not to be unreasonably withheld or
delayed) or the entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the participation. Each Lender that sells a participation shall, acting solely for this purpose as an agent of the
Borrowers, maintain a register on which it enters the name and address of each Participant and the principal amounts (and interest amounts) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the
“Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a
Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit
or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations and Section 1.163-5(b) of the United States
Proposed Treasury Regulations (or any amended or successor version). For purposes of this paragraph, any Conduit Lender shall be treated as a participant. The entries in the Participant Register shall be conclusive absent manifest error. 

(e) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure
obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank and in the case of any Lender that is an Approved Fund, any pledge or assignment to any holders of obligations owed, or securities issued,
by such Lender, including to any trustee for, or any other representative of, such holders, and this Section 9.04 shall not apply to any such pledge or assignment of a security interest; provided, that no such pledge or assignment of a
security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or Assignee for such Lender as a party hereto. 

(f) The Lead Borrower, upon receipt of written notice from the relevant Lender, agrees to issue Notes to any Lender requiring Notes to
facilitate transactions of the type described in paragraph (d) above. 
 (g) Notwithstanding the foregoing, any Conduit Lender may
assign any or all of the Loans it may have funded hereunder to its designating Lender without the consent of the Lead Borrower or the Administrative Agent. Each of the Borrowers, each Lender and the Administrative Agent hereby confirms that it will
not institute against a Conduit Lender or join any other Person in instituting against a Conduit Lender any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding under any state bankruptcy or similar law, for one year and one
day after the payment in full of the latest maturing commercial paper note issued by such Conduit Lender; provided, however, that each Lender designating any Conduit Lender hereby agrees to indemnify, save and hold harmless each Agent, each
other party hereto and each Borrower for any loss, cost, damage or expense arising out of its inability to institute such a proceeding against such Conduit Lender during such period of forbearance. 

(h) Notwithstanding the foregoing, no assignment may be made or participation sold to an Ineligible Institution without the prior written
consent of the Lead Borrower; provided that any such Ineligible Institution shall not retroactively be disqualified from being a Lender or a participant. Notwithstanding anything to the contrary in this Agreement, the Lead Borrower and the
Lenders acknowledge and agree that the Administrative Agent shall have no responsibility to monitor whether assignments or participations are made to Ineligible Institutions, and that none of the Lead Borrower or any of its Subsidiaries shall bring
a claim to such effect. 

  
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 Section 9.05. Expenses; Indemnity. 

(a) The Borrowers agree to pay, within thirty (30) days following receipt of a reasonably-detailed invoice therefor, (i) all
reasonable out of pocket expenses (including Other Taxes) incurred by each Agent, the Arrangers and the Initial Lenders in connection with the preparation and administration of this Agreement and the other Loan Documents (including expenses incurred
in connection with due diligence and initial and ongoing Collateral examination and the reasonable fees, disbursements and charges of counsel to the Agents, Arrangers and the Initial Lenders) or in connection with the administration of this
Agreement and any amendments, modifications or waivers of the provisions hereof or thereof, including the reasonable fees, charges and disbursements of (x) Latham and Watkins LLP, counsel to the Agents, Arrangers and Lenders and (y) any
special or local legal counsel (limited to one local counsel in each relevant jurisdiction) as shall be reasonably determined to be necessary by the Agents, Arrangers or the Initial Lenders, and (ii) all reasonable and documented out of pocket
expenses (including Other Taxes) incurred by any Agent or any Lender in connection with the enforcement or protection of their rights in connection with this Agreement and the other Loan Documents, in connection with the Loans made hereunder,
including the fees, charges and disbursements of counsel for the Administrative Agent, Arrangers and Lenders (which shall be limited to (w) a single firm of counsel to the Administrative Agent, (x) a single firm of counsel to the Lenders
taken as a whole (which firm shall be determined by the Required Lenders), (y) if reasonably necessary, one local counsel in each relevant jurisdiction material to the interests of the Administrative Agent, Arrangers and the Lenders taken as a whole
and, (z) solely in the case of an actual or perceived conflict of interest, one additional counsel in each relevant jurisdiction to each group of similarly situated affected parties). 

(b) The Borrowers agree to indemnify the Administrative Agent, the Agents, the Arrangers, each Issuing Bank, each Lender, each of their
respective Affiliates and each of their respective directors, trustees, officers, employees, agents, trustees and advisors (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and
all losses, claims, damages, obligations liabilities, penalties, actions, judgments, suits, costs and related expenses, including reasonable counsel fees, charges and disbursements (except the allocated costs of
in-house counsel), imposed on, incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan
Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other contemplated hereby,
(ii) the use of the proceeds of the Loans or the use of any Letter of Credit or (iii) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto and regardless of
whether such matter is initiated by a third party or by Holdings, the Borrowers or any of their subsidiaries or Affiliates or by any creditor or holder of securities of Holdings, the Borrowers or any of their subsidiaries or Affiliates;
provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, obligations, liabilities, penalties, actions, judgements, suits, costs or related expenses or disbursements are
determined by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee (for purposes of this proviso
only, each of the Administrative Agent, Issuing Bank, any Arranger or any Lender shall be treated as several and separate Indemnitees, but each of them together with its respective Related Parties, shall be treated as a single Indemnitee) or a
material breach by such Indemnitee or its Related Parties of its obligations under the Loan Documents. Subject to and without limiting the generality of the foregoing sentence, the Borrowers agree to indemnify each Indemnitee against, and hold each
Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel or consultant fees, charges and disbursements (limited to not more than one counsel, plus, if necessary, one local
counsel per jurisdiction (and, solely in the event of any conflict of interest among the Indemnitees, one additional counsel (and, if reasonably necessary, one applicable local counsel in each appropriate jurisdiction to the relevant group of
Indemnitees, taken as a whole) for one group of Indemnitees similarly situated that is subject to such conflict)) (except the allocated costs of in-house counsel), incurred by or asserted against any
Indemnitee arising out of, in any way connected with, or as a result of (A) any claim related in any way to Environmental Laws and Holdings, the Borrowers or any of their Subsidiaries, or (B) any actual or alleged presence, Release or
threatened Release of Hazardous Materials at, under, on, from or to any Real Property; provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related
expenses are determined by a court of competent jurisdiction by final 

  
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and nonappealable judgment to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its Related Parties or a material breach by such Indemnitee or
its Related Parties of its obligations under the Loan Documents. No party hereto shall be responsible or liable to any other party hereto or any of their respective subsidiaries, Affiliates or stockholders or any other Person or entity for any
special, indirect, consequential or punitive damages, which may be alleged as a result of the ABL Facility. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this
Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or
on behalf of the Administrative Agent, any Issuing Bank or any Lender. All amounts due under this Section 9.05 shall be payable within thirty (30) days following written demand therefor accompanied by reasonable documentation with respect
to any reimbursement, indemnification or other amount requested. The Lead Borrower shall not, without the prior written consent of each applicable Indemnitee (which consent shall not be unreasonably withheld, delayed or conditioned), effect any
settlement of any pending or threatened proceedings in respect of which indemnity could have been sought hereunder by such Indemnitee unless such settlement (a) includes an unconditional release of such Indemnitee in form and substance
reasonably satisfactory to such Indemnitee from all liability on claims that are the subject matter of such proceedings and (b) does not include any statement as to or any admission of fault, culpability or a failure to act by or on behalf of
any Indemnitee. Notwithstanding the foregoing, any Indemnitee shall be required to refund or return any amount paid by Holdings, the Lead Borrower and/or any Subsidiary in accordance with the terms hereof for any claim, damage, loss, liability
and/or expense to the extent such Indemnitee is not entitled to payment of the relevant amount in accordance with the terms hereof. 
 (c)
Except as expressly provided in Section 9.05(a) with respect to Other Taxes, which shall not be duplicative with any amounts paid pursuant to Section 2.15, this Section 9.05 shall not apply to Taxes other than Taxes that represent
losses, claims, damages, liabilities and expenses with respect to a non-Tax claim, and which shall be governed exclusively by Section 2.15. 

(d) To the fullest extent permitted by applicable law, no party hereto shall assert, and each party hereto hereby waives, any claim against any
Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement
or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No party hereto shall be liable for any damages arising from the use by unintended recipients of any
information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. 

(e) The agreements in this Section 9.05 shall survive the resignation or removal of any Agent, any Issuing Bank, the replacement of any
Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations and the termination of this Agreement. 

Section 9.06. Right of Setoff. If an Event of Default shall have occurred and not been waived in accordance with the terms of this
Agreement, each Lender, Agent and Issuing Bank is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at
any time held and other indebtedness at any time owing by such Lender, Agent or Issuing Bank to or for the credit or the account of the Borrowers or any Subsidiary against any of and all the obligations of the Borrowers now or hereafter existing
under this Agreement or any other Loan Document held by such Lender, Agent or Issuing Bank, irrespective of whether or not such Lender, Agent or Issuing Bank shall have made any demand under this Agreement or such other Loan Document and although
the obligations may be unmatured. The rights of each Lender, Agent and Issuing Bank under this Section 9.06 are in addition to other rights and remedies (including other rights of setoff) that such Lender, Agent or Issuing Bank may have. 

Section 9.07. Applicable Law. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER THAN LETTERS OF CREDIT AND AS EXPRESSLY SET FORTH
IN OTHER LOAN DOCUMENTS) SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 

  
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 Section 9.08. Waivers; Amendment. 

(a) No failure or delay of any Agent, any Issuing Bank or any Lender in exercising any right or power hereunder or under any Loan Document
shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of
any other right or power. The rights and remedies of each Agent, each Issuing Bank and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver
of any provision of this Agreement or any other Loan Document or consent to any departure by the Borrowers therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) below, and then such waiver or consent
shall be effective only in the specific instance and for the purpose for which given. No notice or demand on the Borrowers in any case shall entitle such Person to any other or further notice or demand in similar or other circumstances. 

(b) Neither this Agreement nor any other Loan Document nor any provision hereof or thereof may be waived, amended or modified except
(x) in the case of this Agreement, pursuant to an agreement or agreements in writing entered into by the Lead Borrower and the Required Lenders, and (y) in the case of any other Loan Document, pursuant to an agreement or agreements in
writing entered into by each party thereto and the applicable Agent and consented to by the Required Lenders; provided, however, that no such agreement shall 

i. decrease or forgive the principal amount of, or extend the final maturity of, or decrease the rate of interest on, any Loan or any L/C
Disbursement, or extend the stated expiration of any Letter of Credit beyond the Maturity Date, without the prior written consent of each Lender directly affected thereby, except as provided in Section 2.04(c); provided that any
amendment to the financial covenant definitions in this Agreement shall not constitute a reduction in the rate of interest for purposes of this clause (i), 

ii. increase or extend the Commitment of any Lender (other than with respect to any Incremental Revolving Facility pursuant to
Section 2.23 in respect of which such Lender has agreed to be an Incremental Revolving Facility Lender) or decrease the Commitment Fees, Issuing Bank Fees or L/C Participation Fees or other fees of any Lender, Agent or
Issuing Bank without the prior written consent of such Lender, Agent or Issuing Bank (it being understood that waivers or modifications of conditions precedent, covenants, Defaults or Events of Default or of a mandatory reduction in the aggregate
Commitments shall not constitute an increase of the Commitments of any Lender), 
 iii. decrease the fees of any Lender or Agent without the
prior written consent of such Lender or Agent, as applicable, 
 iv. extend any date on which payment of interest on any Loan or any L/C
Disbursement or any Fees is due, without the prior written consent of each Lender adversely affected thereby, 
 v. amend the provisions of
Section 5.02 of the U.S. Collateral Agreement, or any analogous provision of any other Security Document, in a manner that would by its terms alter the pro rata sharing of payments required thereby, without the prior written consent of each
Lender adversely affected thereby, 
 vi. amend or modify the provisions of this Section 9.08 or the definition of the terms
“Required Lenders” or any other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the prior written
consent of each Lender adversely affected thereby (it being understood that, with the consent of the Required Lenders, additional extensions of credit pursuant to this Agreement may be included in the determination of the Required Lenders on
substantially the same basis as the Loans and Commitments are included on the Closing Date), 
 vii. release all or substantially all the
Collateral or release any of Holdings or all or substantially all of the Borrowers from their respective Guarantees under applicable Security Documents, unless, in the case of a Loan Party (other than Holdings and the Lead Borrower), all or
substantially all the Equity Interests of such Loan Party is sold or otherwise disposed of in a transaction permitted by this Agreement, without the prior written consent of each Lender; 

  
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 viii. effect any waiver, amendment or modification that by its terms adversely affects the
rights in respect of payments or collateral of Lenders participating in any ABL Facility differently from those of Lenders participating in another ABL Facility, without the consent of the Required Lenders participating in the adversely affected
Facility (it being agreed that the Required Lenders may waive, in whole or in part, any prepayment or Commitment reduction required by Section 2.09 so long as the application of any prepayment or Commitment reduction still required to be made
is not changed); 
 ix. change the definition of the term “U.K. Borrowing Base” or “U.S. Borrowing Base” or any
component definition of any thereof (including the definitions of “Eligible Concession Accounts” or “Eligible Inventory”), in each case the effect of which change would increase amounts available to be borrowed, except with the
consent of Lenders having Global Exposure and unused Commitments representing more than 66-2/3% of the sum of the aggregate Global Exposure and such unused Commitments of all Lenders at such time; provided
that (A) the foregoing shall not limit the discretion of the Administrative Agent to change, establish or limit Availability Reserves without the consent of any Lender and (B) notwithstanding the
lead-in to this Section 9.08(b), the consent of the Required Lenders shall not be required to make any change described in this clause (ix); and/or 

x. make changes to the order of application of funds or any related definitions (as used therein) or amounts payable to any Agent or any
Lender specified in Section 7.03 of this Agreement, Section 5.02 of the U.S. Collateral Agreement, Clause 4 of the U.K. Security Trust Deed, Section 19 of the U.K. Security Agreement or Section 19 of the Gibraltar Security
Agreement, as applicable, in each case without the prior written consent of each Lender adversely affected thereby; 
 provided, further, that
no such agreement shall amend, modify or otherwise affect the rights or duties of any Agent or an Issuing Bank or the Swingline Lender hereunder without the prior written consent of any Agent or such Issuing Bank or the Swingline Lender, as
applicable, acting as such at the effective date of such agreement, as applicable. Each Lender shall be bound by any waiver, amendment or modification authorized by this Section 9.08 and any consent by any Lender pursuant to this
Section 9.08 shall bind any assignee of such Lender. 
 (c) Without the consent of any Lender or Issuing Bank, the Loan Parties and the
Administrative Agent may (in their respective sole discretion, or shall, to the extent required by any Loan Document) enter into any amendment, modification or waiver of any Loan Document, or enter into any new agreement or instrument, to effect the
granting, perfection, protection, expansion or enhancement of any security interest in any Collateral or additional property to become Collateral for the benefit of the Secured Parties, or as required by local law to give effect to, or protect any
security interest for the benefit of the Secured Parties, in any property or so that the security interests therein comply with applicable law. 

(d) Notwithstanding the foregoing, this Agreement may be amended (or amended and restated) with the written consent of the Required Lenders,
the Administrative Agent, Holdings and the Lead Borrower (a) to add one or more additional credit facilities to this Agreement and to permit the extensions of credit from time to time outstanding thereunder and the accrued interest and fees in
respect thereof to share ratably in the benefits of this Agreement and the other Loan Documents with the Loans and the accrued interest and fees in respect thereof and (b) to include appropriately the Lenders holding such credit facilities in
any determination of the Required Lenders. 
 (e) Notwithstanding the foregoing, technical and conforming modifications to the Loan Documents
and modifications necessary to correct obvious errors and/or omissions may be made with the consent of the Lead Borrower and the Administrative Agent. The Administrative Agent may also amend Schedule 2.01 hereto to reflect assignments entered
into pursuant to Section 9.04 and incurrences of Incremental Revolving Loans pursuant to Section 2.23 or reductions or terminations of Commitments. 

  
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 (f) Notwithstanding the foregoing, (i) the conditions precedent to any initial
extension of credit on the Closing Date set forth in Section 4.01 and Section 4.02 may be waived or modified solely with the consent of the Initial Lenders and (ii) the conditions precedent to any extension of credit after the Closing
Date set forth in Section 4.02 may be waived or modified by the Required Lenders. 
 Section 9.09. Interest Rate
Limitation. Notwithstanding anything herein to the contrary, if at any time the applicable interest rate, together with all fees and charges that are treated as interest under applicable law (collectively, the “Charges”), as provided
for herein or in any other document executed in connection herewith, or otherwise contracted for, charged, received, taken or reserved by any Lender or any Issuing Bank, shall exceed the maximum lawful rate (the “Maximum Rate”) that may be
contracted for, charged, taken, received or reserved by such Lender in accordance with applicable law, the rate of interest payable hereunder, together with all Charges payable to such Lender or such Issuing Bank, shall be limited to the Maximum
Rate; provided, that such excess amount shall be paid to such Lender or such Issuing Bank on subsequent payment dates to the extent not exceeding the legal limitation. 

Section 9.10. Entire Agreement. This Agreement, the other Loan Documents and the agreements regarding certain Fees referred to
herein constitute the entire contract between the parties relative to the subject matter hereof. Any previous agreement among or representations from the parties or their Affiliates with respect to the subject matter hereof is superseded by this
Agreement and the other Loan Documents. Notwithstanding the foregoing, any fee letter entered into between the Lead Borrower and any Agent in connection with this Agreement, including for the avoidance of doubt the Administrative Agent Fee Letter,
shall survive the execution and delivery of this Agreement and remain in full force and effect. Nothing in this Agreement or in the other Loan Documents, expressed or implied, is intended to confer upon any party other than the parties hereto and
thereto any rights, remedies, obligations or liabilities under or by reason of this Agreement or the other Loan Documents. 

Section 9.11. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT
IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR
ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED
TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 9.11. 

Section 9.12. Severability. In the event any one or more of the provisions contained in this Agreement or in any other Loan
Document should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected or impaired thereby. The parties shall
endeavor in good faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

Section 9.13. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall constitute an original
but all of which, when taken together, shall constitute but one contract, and shall become effective as provided in Section 9.03. Delivery of an executed counterpart to this Agreement by facsimile transmission (or other electronic transmission
pursuant to procedures approved by the Administrative Agent) shall be as effective as delivery of a manually signed original. 

Section 9.14. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only,
are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

  
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 Section 9.15. Jurisdiction; Consent to Service of Process. Each party hereto
hereby irrevocably and unconditionally: 
 (a) submits for itself and its property in any legal action or proceeding relating to this
Agreement and the other Loan Documents to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the general and exclusive jurisdiction of the Supreme Court of the State of New York for the County of New York
(the “New York Supreme Court”), and the United States District Court for the Southern District of New York sitting in the County of New York (the “Federal District Court”, and together with the New York Supreme
Court, the “New York Courts”), and appellate courts from either of them; 
 (b) consents that any such action or proceeding
may be brought in such courts and waives, to the maximum extent not prohibited by law, 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 forum and agrees not to plead or claim the same; 
 (c) agrees that the New York Courts and appellate courts from either of
them shall be the exclusive forum for any legal action or proceeding relating to this Agreement and the other Loan Documents to which it is a party, and that it shall not initiate (or collusively assist in the initiation or prosecution of) any such
action or proceeding in any court other than the New York Courts and appellate courts from either of them; provided that 
 i. if all
such New York Courts decline jurisdiction over any Person, or decline (or in the case of the Federal District Court, lack) jurisdiction over the subject matter of such action or proceeding, a legal action or proceeding may be brought with respect
thereto in another court having such jurisdiction; 
 ii. in the event that a legal action or proceeding is brought against any party hereto
or involving any of its property or assets in another court (without any collusive assistance by such party or any of its Subsidiaries or Affiliates), such party shall be entitled to assert any claim or defense (including any claim or defense that
this Section 9.15(c) would otherwise require to be asserted in a legal action or proceeding in a New York Court) in any such action or proceeding; 

iii. the Administrative Agent and the Lenders may bring any legal action or proceeding against any Loan Party in any jurisdiction in
connection with the exercise of any rights under any Security Documents; provided that any Loan Party shall be entitled to assert any claim or defense (including any claim or defense that this Section 9.15(c) would otherwise require to
be asserted in a legal action or proceeding in a New York Court) in any such action or proceeding; and 
 iv. any party hereto may bring any
legal action or proceeding in any jurisdiction for the recognition and enforcement of any judgment; 
 (d) each party hereto 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 Borrower, the applicable Lender or the applicable
Agent, as the case may be, at the address specified in Section 9.01 or at such other address of which each Agent, any such Lender and the Lead Borrower shall have been notified pursuant thereto; and 

(e) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or (subject to the
preceding clause (c)) shall limit the right to sue in any other jurisdiction. 
 Section 9.16. Confidentiality. Each of the
Lenders, each Issuing Bank and each of the Agents agrees that it shall maintain in confidence any information relating to Holdings, the Borrowers and any Subsidiary furnished to it by or on behalf of Holdings, the Borrowers or any Subsidiary (other
than information that (a) has become generally available to the public other than as a result of a disclosure by such party in violation of this Section 9.16, (b) has been independently developed by such Lender, such Issuing Bank or such
Agent without violating this Section 9.16 or (c) was available to such Lender, such Issuing Bank or such Agent from a third party having, to such Person’s knowledge, no obligations of confidentiality to Holdings, the Borrowers or any
other Loan Party) and shall not reveal the same other than to its directors, trustees, officers, employees, accountants, auditors, attorneys and advisors, and any numbering, administration or settlement service providers with a need to know or to

  
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any Person that approves or administers the Loans on behalf of such Lender (so long as each such Person shall have been instructed to keep the same confidential in accordance with this
Section 9.16), except: (A) to the extent necessary to comply with law or any legal process or the requirements of any Governmental Authority, the National Association of Insurance Commissioners or of any securities exchange on which
securities of the disclosing party or any Affiliate of the disclosing party are listed or traded, (B) as part of normal reporting or review procedures to, or examinations by, Governmental Authorities or self-regulatory authorities, including
the National Association of Insurance Commissioners or the National Association of Securities Dealers, Inc., (C) to its parent companies, Affiliates or auditors (so long as each such Person shall have been instructed to keep the same confidential in
accordance with this Section 9.16), (D) in order to enforce its rights under any Loan Document in a legal proceeding, (E) to other Lenders and to any pledgee under Section 9.04(d) or any other prospective assignee of, or prospective
Participant in, any of its rights under this Agreement (so long as such Person is subject to this Section 9.16 or shall have been instructed to keep the same confidential in accordance with this Section 9.16) and (F) to any actual or
prospective, direct or indirect contractual counterparty (or its Related Parties including such contractual counterparty’s professional advisor in Swap Agreements or any other swap, derivative or other transaction under which payments are to be
made by reference to any Borrower and its obligations, this Agreement or payments hereunder (so long as such contractual counterparty or professional advisor to such actual or prospective contractual counterparty agrees to be bound by the provisions
of this Section 9.16). 
 Section 9.17. Platform; Borrower Materials. The Borrowers hereby acknowledge that (a) the
Administrative Agent will make available to the Lenders and the Issuing Bank materials and/or information provided by or on behalf of the Borrowers hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on
IntraLinks or another similar electronic system (the “Platform”), and (b) certain of the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to receive material
non-public information with respect to the Borrowers or their securities) (each, a “Public Lender”). Each Borrower hereby agrees that it will use commercially reasonable efforts to identify that
portion of the Borrower Materials that may be distributed to the Public Lenders and that (i) all such Borrower Materials shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word
“PUBLIC” shall appear prominently on the first page thereof, (ii) by marking Borrower Materials “PUBLIC,” each Borrower shall be deemed to have authorized the Administrative Agent, the Issuing Bank and the Lenders to treat
such Borrower Materials as either publicly available information or not material information (although it may be sensitive and proprietary) with respect to the applicable Borrower or its securities for purposes of United States Federal and state
securities laws, (iii) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Investor;” and (iv) the Administrative Agent shall treat any Borrower
Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Investor.” Notwithstanding the foregoing, the following Borrower Materials shall be deemed to be marked
“PUBLIC,” unless a Borrower notifies the Administrative Agent promptly that any such document contains material nonpublic information: (1) the Loan Documents, (2) any notification of changes in the terms of the credit facilities
and (3) all information delivered pursuant to Section 5.04(a) and/or (b). 
 Section 9.18. Release of Liens and
Guarantees. In the event that any Loan Party conveys, sells, leases, assigns, transfers or otherwise disposes of all or any portion of any of the Equity Interests or assets of any Loan Party to a Person that is not (and is not required to
become) a Loan Party in a transaction not prohibited by Section 6.05, any Liens created by any Loan Document in respect of such Equity Interests or assets shall be automatically released and the Collateral Agent shall promptly (and the Lenders
hereby authorize the Collateral Agent to) take such action and execute any such documents as may be reasonably requested by Holdings or the Borrowers and at the Borrowers’ expense in connection with the release of any Liens created by any Loan
Document in respect of such Equity Interests or assets, and, in the case of a disposition of the Equity Interests of any Loan Party in a transaction permitted by Section 6.05 (including through merger, consolidation, amalgamation or otherwise)
to a Person that is not (and is not required to become) a Loan Party and as a result of which such Loan Party would cease to be a Subsidiary, such Loan Party’s obligations hereunder and under its Guarantee shall be automatically terminated and
the Administrative Agent shall promptly (and the Lenders hereby authorize the Administrative Agent to) take such action and execute any such documents as may be reasonably requested by Holdings or the Borrowers to terminate such Loan Party’s
obligations hereunder and under its Guarantee. In addition, the Collateral Agent agrees to take such actions as are reasonably requested by Holdings or the Borrowers and at the Borrowers’ expense to terminate the Liens and security interests
created by the Loan Documents on the Termination Date. 

  
 137 

 Section 9.19. Judgment Currency. If, for the purposes of obtaining judgment in any
court, it is necessary to convert a sum due hereunder or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could
purchase the first currency with such other currency on the Business Day preceding that on which final judgment is given. The obligation of the Borrowers in respect of any such sum due from it to the Administrative Agent or the Lenders hereunder or
under the other Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement
Currency”), be discharged only to the extent that on the Business Day following receipt by the Administrative Agent of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent may in accordance with normal banking
procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due to the Administrative Agent from the Borrowers in the Agreement Currency, the Lead
Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or the Person to whom such obligation was owing against such loss. If the amount of the Agreement Currency so purchased is greater
than the sum originally due to the Administrative Agent in such currency, the Administrative Agent agrees to return the amount of any excess to the Borrowers (or to any other Person who may be entitled thereto under applicable law). 

Section 9.20. USA PATRIOT Act Notice. Each Lender that is subject to the Act (as hereinafter defined) and each Agent (for itself and
not on behalf of any Lender) hereby notifies the Borrowers that pursuant to the requirements of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name and
address of each Loan Party and other information that will allow such Lender or the Administrative Agent, as applicable, to identify each Loan Party in accordance with the USA PATRIOT Act. 

Section 9.21. No Liability of the Issuing Banks. The Lead Borrower assumes all risks of the acts or omissions of any beneficiary
or transferee of any Letter of Credit with respect to its use of such Letter of Credit. Neither any Issuing Bank nor any of its officers or directors shall be liable or responsible for:(a) the use that may be made of any Letter of Credit or any acts
or omissions of any beneficiary or transferee in connection therewith; (b) the validity, sufficiency or genuineness of documents, or of any endorsement thereon, even if such documents should prove to be in any or all respects invalid,
insufficient, fraudulent or forged; (c) payment by such Issuing Bank against presentation of documents that do not comply with the terms of a Letter of Credit, including failure of any documents to bear any reference or adequate reference to
the Letter of Credit; or (d) any other circumstances whatsoever in making or failing to make payment under any Letter of Credit, except that the Lead Borrower shall have a claim against such Issuing Bank, and such Issuing Bank shall be liable
to the Lead Borrower, to the extent of any direct, but not consequential, damages suffered by the Lead Borrower that the Lead Borrower proves were caused by (i) such Issuing Bank’s willful misconduct or gross negligence as determined in a
final, non-appealable judgment by a court of competent jurisdiction in determining whether documents presented under any Letter of Credit comply with the terms of the Letter of Credit or (ii) such Issuing
Bank’s willful failure to make lawful payment under a Letter of Credit after the presentation to it of a draft and certificates strictly complying with the terms and conditions of the Letter of Credit. In furtherance and not in limitation of
the foregoing, such Issuing Bank may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary. 

Section 9.22. No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby
(including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), each of the Borrowers acknowledges (on its own behalf and on behalf of its Affiliates) and agrees that (i) (A) the arranging and
other services regarding this Agreement provided by the Agents and the Lenders are arm’s-length commercial transactions between the Borrowers and their respective Affiliates, on the one hand, and the
Agents and the Lenders, on the other hand, (B) each of the Borrowers has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) each of the Borrowers is capable of evaluating, and
understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) each of the Agents and the Lenders is and has been acting solely as a principal and has not been, is not
and will not be acting as an advisor, agent or fiduciary for the Borrowers any of their respective Affiliates or any other Person and (B) none of the Agents or the Lenders has any obligation to the Borrowers or any of their respective
Affiliates with respect to the transactions contemplated hereby 

  
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except those obligations expressly set forth herein and in the other Loan Documents; and (iii) the Agents, the Lenders and their respective Affiliates may be engaged in a broad range of
transactions that involve interests that differ from those of the Borrowers and their respective Affiliates, and none of the Agents or the Lenders has any obligation to disclose any of such interests to the Borrowers or any of their respective
Affiliates. To the fullest extent permitted by applicable law, the Borrowers hereby waive and release any claims that it may have against the Agent and the Lenders with respect to any breach or alleged breach of agency or fiduciary duty in
connection with any aspect of any transaction contemplated hereby. 
 Section 9.23. Acknowledgement and Consent to Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges
that any liability of any Lender that is an EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and
consents to, and acknowledges and agrees to be bound by: 
 (a) the application of any Write-Down and Conversion Powers by an EEA Resolution
Authority to any such liabilities arising hereunder which may be payable to it by any Lender that is an EEA Financial Institution; and 
 (b)
the effects of any Bail-in Action on any such liability, including, if applicable: 
 i. a reduction
in full or in part or cancellation of any such liability; 
 ii. a conversion of all, or a portion of, such liability into shares or other
instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu
of any rights with respect to any such liability under this Agreement or any other Loan Document; or 
 iii. the variation of the terms of
such liability in connection with the exercise of the Write-Down and Conversion Powers of any EEA Resolution Authority. 

Section 9.24. Time is of the Essence. Holdings, the Borrowers and each Subsidiary agrees that, with respect to each and every
obligation and covenant contained in this Agreement and the other Loan Documents, time is of the essence. 
 Section 9.25.
Intercreditor Agreement. Each Lender hereunder acknowledges that it has received a copy of the Intercreditor Agreement and agrees that it will be subject to and bound by the provisions of the Intercreditor Agreement and any Permitted Term
Priority Acceptable Intercreditor Agreement, and will take no actions contrary to the provisions of such agreement, and authorizes and instructs the Agents to enter into the Intercreditor Agreement and any Permitted Term Priority Acceptable
Intercreditor Agreement on behalf of itself and such Lender. 
 Section 9.26. English Guarantee. Each U.K. Borrower incorporated
under the laws of England and Wales irrevocably and unconditionally jointly and severally guarantees to the Secured Parties (as defined in Schedule 9.26) the obligations set forth in Schedule 9.26 on the terms and subject to the
conditions set forth in Schedule 9.26. 
 [Signature Pages Follow] 

  
 139 

 IN WITNESS WHEREOF, the undersigned , intending to be legally bound hereby, have duly
executed this Agreement as of the date first set forth above. 
  

			
	 U.S. BORROWERS:

CLAIRE’S STORES, INC.
 CLAIRE’S PUERTO RICO
CORP.
 CBI DISTRIBUTING CORP.
 CLAIRE’S
BOUTIQUES, INC.
 CLAIRE’S CANADA CORP.
 BMS
DISTRIBUTING CORP.
 CLSIP HOLDINGS LLC
 CLSIP
LLC

		
	By:	 	/s/ Scott Huckins
		 	Name: Scott Huckins
		 	 Title:   Executive Vice President and Chief

    Financial Officer

	
	CSI CANADA LLC
		
	By:	 	/s/ Scott Huckins
		 	Name: Scott Huckins
		 	Title:   Treasurer
	
	 HOLDINGS:
  

CLAIRE’S HOLDINGS LLC

		
	By:	 	/s/ Scott Huckins
		 	Name: Scott Huckins
		 	 Title:   Executive Vice President and Chief

    Financial Officer

	
	 U.K. BORROWERS:
  

CLAIRE’S (GIBRALTAR) HOLDINGS LIMITED

		
	By:	 	/s/ Scott Huckins
		 	Name: Scott Huckins
		 	Title:   Director

  
 Signature Page to ABL
Credit Agreement 

 
			
	 U.K. BORROWERS:
  

CLAIRE’S (GIBRALTAR) HOLDINGS LIMITED

		
	By:	 	/s/ Scott Huckins
		 	Name: Scott Huckins
		 	Title:   Director
	
	CLAIRE’S EUROPEAN SERVICES LIMITED
		
	By:	 	/s/ Scott Huckins
		 	Name: Scott Huckins
		 	Title:   Director
	
	CLAIRE’S ACCESSORIES UK LIMITED
		
	By:	 	/s/ Scott Huckins
		 	Name: Scott Huckins
		 	Title:   Director
	
	CLAIRE’S EUROPEAN DISTRIBUTION LIMITED
		
	By:	 	/s/ Scott Huckins
		 	Name: Scott Huckins
		 	Title:   Director

  
 Signature Page to ABL
Credit Agreement 

 
			
	 CITIBANK, N.A.,
 as
Administrative Agent, Collateral Agent, Swingline Lender, Issuing Bank, and a Lender

		
	By:	 	/s/ Brendan Mack
		 	Name: Brendan Mack
		 	Title:   Vice President and Director

  
 Signature Page to ABL
Credit Agreement 

 
			
	 LENDERS:
  

Citizens Bank, N.A., as a Lender

		
	By:	 	/s/ Robert Kelly
		 	Name: Robert Kelly
		 	Title:   Senior Vice President

  
 Signature Page to ABL
Credit Agreement 

 
			
	 LENDERS:
  

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,
 as a
Lender

		
	By:	 	/s/ Judith E. Smith
		 	Name: Judith E. Smith
		 	Title:   Authorized Signatory
		
	By:	 	/s/ Lingz Huang
		 	Name: Lingz Huang
		 	Title:   Authorized Signatory

  
 Signature Page to ABL
Credit Agreement

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