Document:

EX-4.7

 Exhibit 4.7 
  

 
  

SUBORDINATED INDENTURE 

DATED AS OF             ,
20             
 BETWEEN 

REX ENERGY CORPORATION 

AS ISSUER, 
 AND 

[TRUSTEE] 
 AS TRUSTEE

  
  

PROVIDING FOR ISSUANCE OF 

DEBT SECURITIES 
 IN
SERIES 
  
  

 

 TABLE OF CONTENTS 

 

									
	 	 	 	  	 	  	Page	 
		
	 ARTICLE I DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	  	 	1	  
				
		 	SECTION 1.01	  	Definitions.	  	 	1	  
		 	SECTION 1.02	  	Compliance Certificates and Opinions.	  	 	5	  
		 	SECTION 1.03	  	Form of Documents Delivered to Trustee.	  	 	6	  
		 	SECTION 1.04	  	Acts of Holders; Record Dates.	  	 	6	  
		 	SECTION 1.05	  	Notices, Etc., to Trustee and Company.	  	 	8	  
		 	SECTION 1.06	  	Notice to Holders; Waiver.	  	 	8	  
		 	SECTION 1.07	  	Conflict with Trust Indenture Act.	  	 	8	  
		 	SECTION 1.08	  	Effect of Headings and Table of Contents.	  	 	8	  
		 	SECTION 1.09	  	Successors and Assigns.	  	 	8	  
		 	SECTION 1.10	  	Separability Clause.	  	 	8	  
		 	SECTION 1.11	  	Benefits of Indenture.	  	 	8	  
		 	SECTION 1.12	  	Governing Law.	  	 	9	  
		 	SECTION 1.13	  	Legal Holidays.	  	 	9	  
		 	SECTION 1.14	  	Incorporators, Shareholders, Directors, Officers and Employees of the Company Exempt from Individual Liability.	  	 	9	  
		 	SECTION 1.15	  	Waiver of Jury Trial.	  	 	9	  
		 	SECTION 1.16	  	Force Majeure.	  	 	9	  
		 	SECTION 1.17	  	USA Patriot Act.	  	 	9	  
		
	 ARTICLE II SECURITY FORM
	  	 	9	  
				
		 	SECTION 2.01	  	Forms Generally.	  	 	9	  
		 	SECTION 2.02	  	Form of Face of Security.	  	 	9	  
		 	SECTION 2.03	  	Form of Reverse of Security.	  	 	11	  
		 	SECTION 2.04	  	Form of Legend for Global Securities.	  	 	14	  
		 	SECTION 2.05	  	Form of Trustee’s Certificate of Authentication.	  	 	15	  
		
	 ARTICLE III THE SECURITIES
	  	 	15	  
				
		 	SECTION 3.01	  	Amount Unlimited; Issuable in Series.	  	 	15	  
		 	SECTION 3.02	  	Denominations.	  	 	17	  
		 	SECTION 3.03	  	Execution, Authentication, Delivery and Dating.	  	 	17	  
		 	SECTION 3.04	  	Temporary Securities.	  	 	18	  
		 	SECTION 3.05	  	Registration; Registration of Transfer and Exchange.	  	 	19	  
		 	SECTION 3.06	  	Mutilated, Destroyed Lost and Stolen Securities.	  	 	20	  
		 	SECTION 3.07	  	Payment of Interest; Interest Rights Preserved.	  	 	21	  
		 	SECTION 3.08	  	Persons Deemed Owners.	  	 	21	  
		 	SECTION 3.09	  	Cancellation.	  	 	22	  
		 	SECTION 3.10	  	Computation of Interest.	  	 	22	  
		 	SECTION 3.11	  	CUSIP Numbers	  	 	22	  
		
	 ARTICLE IV SATISFACTION AND DISCHARGE
	  	 	22	  
				
		 	SECTION 4.01	  	Satisfaction and Discharge of Indenture.	  	 	22	  
		 	SECTION 4.02	  	Application of Trust Money.	  	 	23	  
		
	 ARTICLE V REMEDIES
	  	 	23	  
				
		 	SECTION 5.01	  	Events of Default.	  	 	23	  
		 	SECTION 5.02	  	Acceleration of Maturity; Rescission and Annulment.	  	 	24	  
		 	SECTION 5.03	  	Collection of Indebtedness and Suits for Enforcement by Trustee.	  	 	25	  
		 	SECTION 5.04	  	Trustee May File Proofs of Claim.	  	 	25	  
		 	SECTION 5.05	  	Trustee May Enforce Claims Without Possession of Securities.	  	 	26	  

  
 i 

									
		 	SECTION 5.06	  	Application of Money Collected.	  	 	26	  
		 	SECTION 5.07	  	Limitation on Suits.	  	 	26	  
		 	SECTION 5.08	  	Unconditional Right of Holders to Receive Principal Premium and Interest.	  	 	26	  
		 	SECTION 5.09	  	Restoration of Rights and Remedies.	  	 	27	  
		 	SECTION 5.10	  	Rights and Remedies Cumulative.	  	 	27	  
		 	SECTION 5.11	  	Delay or Omission Not Waiver.	  	 	27	  
		 	SECTION 5.12	  	Control by Holders.	  	 	27	  
		 	SECTION 5.13	  	Waiver of Past Defaults.	  	 	27	  
		 	SECTION 5.14	  	Undertaking for Costs.	  	 	28	  
		 	SECTION 5.15	  	Waiver of Usury, Stay or Extension Laws.	  	 	28	  
		
	 ARTICLE VI THE TRUSTEE
	  	 	28	  
				
		 	SECTION 6.01	  	Certain Duties and Responsibilities.	  	 	28	  
		 	SECTION 6.02	  	Notice of Defaults.	  	 	29	  
		 	SECTION 6.03	  	Certain Rights of Trustee.	  	 	29	  
		 	SECTION 6.04	  	Not Responsible for Recitals or Issuance of Securities.	  	 	29	  
		 	SECTION 6.05	  	May Hold Securities.	  	 	30	  
		 	SECTION 6.06	  	Money Held in Trust.	  	 	30	  
		 	SECTION 6.07	  	Compensation and Reimbursement.	  	 	30	  
		 	SECTION 6.08	  	Conflicting Interests.	  	 	30	  
		 	SECTION 6.09	  	Corporate Trustee Required, Eligibility.	  	 	30	  
		 	SECTION 6.10	  	Resignation and Removal, Appointment of Successor.	  	 	31	  
		 	SECTION 6.11	  	Acceptance of Appointment by Successor.	  	 	32	  
		 	SECTION 6.12	  	Merger, Conversion, Consolidation or Succession to Business.	  	 	32	  
		 	SECTION 6.13	  	Preferential Collection of Claims Against Company.	  	 	33	  
		 	SECTION 6.14	  	Appointment of Authenticating Agent.	  	 	33	  
		
	 ARTICLE VII HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY
	  	 	34	  
				
		 	SECTION 7.01	  	Company to Furnish Trustee Names and Addresses of Holders.	  	 	34	  
		 	SECTION 7.02	  	Preservation of Information; Communications to Holders.	  	 	34	  
		 	SECTION 7.03	  	Reports by Trustee.	  	 	34	  
		 	SECTION 7.04	  	Reports by Company.	  	 	34	  
		
	 ARTICLE VIII CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE
	  	 	35	  
				
		 	SECTION 8.01	  	Company May Consolidate, Etc., Only on Certain Terms.	  	 	35	  
		 	SECTION 8.02	  	Successor Substituted.	  	 	35	  
		
	 ARTICLE IX SUPPLEMENTAL INDENTURES
	  	 	36	  
				
		 	SECTION 9.01	  	Supplemental Indentures Without Consent of Holders.	  	 	36	  
		 	SECTION 9.02	  	Supplemental Indentures with Consent of Holders.	  	 	37	  
		 	SECTION 9.03	  	Execution of Supplemental Indentures.	  	 	37	  
		 	SECTION 9.04	  	Effect of Supplemental Indentures.	  	 	38	  
		 	SECTION 9.05	  	Conformity with Trust Indenture Act.	  	 	38	  
		 	SECTION 9.06	  	Reference in Securities to Supplemental Indentures.	  	 	38	  
		
	 ARTICLE X COVENANTS
	  	 	38	  
				
		 	SECTION 10.01	  	Payment of Principal, Premium and Interest.	  	 	38	  
		 	SECTION 10.02	  	Maintenance of Office or Agency.	  	 	38	  
		 	SECTION 10.03	  	Money for Securities Payments to Be Held in Trust.	  	 	38	  
		 	SECTION 10.04	  	Statement by Officers as to Default.	  	 	39	  

  
 ii 

									
		 	SECTION 10.05	  	Existence.	  	 	39	  
		 	SECTION 10.06	  	Waiver of Certain Covenants.	  	 	39	  
		
	 ARTICLE XI REDEMPTION OF SECURITIES
	  	 	40	  
				
		 	SECTION 11.01	  	Applicability of Article.	  	 	40	  
		 	SECTION 11.02	  	Election to Redeem; Notice to Trustee.	  	 	40	  
		 	SECTION 11.03	  	Selection by Trustee of Securities to Be Redeemed.	  	 	40	  
		 	SECTION 11.04	  	Notice of Redemption.	  	 	41	  
		 	SECTION 11.05	  	Deposit of Redemption Price.	  	 	41	  
		 	SECTION 11.06	  	Securities Payable on Redemption Date.	  	 	41	  
		 	SECTION 11.07	  	Securities Redeemed in Part.	  	 	41	  
		
	 ARTICLE XII SINKING FUNDS
	  	 	42	  
				
		 	SECTION 12.01	  	Applicability of Article.	  	 	42	  
		 	SECTION 12.02	  	Satisfaction of Sinking Fund Payments with Securities.	  	 	42	  
		 	SECTION 12.03	  	Redemption of Securities for Sinking Fund.	  	 	42	  
		
	 ARTICLE XIII DEFEASANCE AND COVENANT DEFEASANCE
	  	 	42	  
				
		 	SECTION 13.01	  	Company’s Option to Effect Defeasance or Covenant Defeasance.	  	 	42	  
		 	SECTION 13.02	  	Defeasance and Discharge.	  	 	42	  
		 	SECTION 13.03	  	Covenant Defeasance.	  	 	43	  
		 	SECTION 13.04	  	Conditions to Defeasance or Covenant Defeasance.	  	 	43	  
		 	SECTION 13.05	  	Deposited Money and U.S. Government obligations to Be Held in Trust; Miscellaneous Provisions.	  	 	44	  
		 	SECTION 13.06	  	Reinstatement.	  	 	45	  
		
	 ARTICLE XIV SUBORDINATION
	  	 	45	  
				
		 	SECTION 14.01	  	Applicability of Article; Agreement to Subordinate.	  	 	45	  
		 	SECTION 14.02	  	Liquidation, Dissolution, Bankruptcy.	  	 	45	  
		 	SECTION 14.03	  	Default on Senior Indebtedness.	  	 	46	  
		 	SECTION 14.04	  	Acceleration of Payment of Debt Securities.	  	 	46	  
		 	SECTION 14.05	  	When Distribution Must Be Paid Over.	  	 	46	  
		 	SECTION 14.06	  	Subrogation.	  	 	46	  
		 	SECTION 14.07	  	Relative Rights.	  	 	47	  
		 	SECTION 14.08	  	Subordination May Not Be Impaired by Company.	  	 	47	  
		 	SECTION 14.09	  	Rights of Trustee and Paying Agent.	  	 	47	  
		 	SECTION 14.10	  	Distribution or Notice to Representative.	  	 	47	  
		 	SECTION 14.11	  	Article XIV Not to Prevent Defaults or Limit Right to Accelerate.	  	 	47	  
		 	SECTION 14.12	  	Trust Moneys Not Subordinated.	  	 	47	  
		 	SECTION 14.13	  	Trustee Entitled to Rely.	  	 	47	  
		 	SECTION 14.14	  	Trustee to Effectuate Subordination.	  	 	48	  
		 	SECTION 14.15	  	Trustee Not Fiduciary for Holders of Senior Indebtedness.	  	 	48	  
		 	SECTION 14.16	  	Reliance by Holders of Senior Indebtedness on Subordination Provisions.	  	 	48	  

 Note: This table of contents shall not, for any purpose, be deemed to be a part of the Indenture. 

  
 iii 

 REX ENERGY CORPORATION 

CERTAIN SECTIONS OF THE THIS SUBORDINATED INDENTURE RELATING TO SECTIONS 310—318, 

INCLUSIVE, OF THE TRUST INDENTURE ACT OF 1939, AS AMENDED 
  

			
	 TRUST INDENTURE ACT SECTION
	    	 INDENTURE

SECTION

	 Section 310(a)(1)
	    	6.09
	 (a)(2)
	    	6.09
	 (a)(3)
	    	N.A.
	 (a)(4)
	    	N.A.
	 (a)(5)
	    	6.09
	 (b)
	    	6.08, 6.10
	 (c)
	    	N.A.
	 311(a)
	    	6.13
	 (b)
	    	6.13
	 (c)
	    	N.A.
	 312(a)
	    	7.01, 7.02
	 (b)
	    	7.02
	 (c)
	    	7.02
	 313(a)
	    	7.03
	 (b)(1)
	    	N.A.
	 (b)(2)
	    	7.03
	 (c)
	    	7.03
	 (d)
	    	7.03
	 314(a)
	    	7.04
	 (a)(4)
	    	1.04, 10.04
	 (b)
	    	N.A.
	 (c)(1)
	    	1.02
	 (c)(2)
	    	1.02
	 (c)(3)
	    	N.A.
	 (d)
	    	N.A.
	 (e)
	    	1.02
	 (f)
	    	N.A.
	 315(a)
	    	6.01
	 (b)
	    	6.02
	 (c)
	    	6.01
	 (d)
	    	6.01
	 (e)
	    	5.14
	 316(a)(last sentence)
	    	1.01
	 (a)(1)(A)
	    	5.02, 5.12
	 (a)(1)(B)
	    	5.13
	 (a)(2)
	    	N.A.
	 (b)
	    	5.08
	 (c)
	    	1.04
	 317(a)(1)
	    	5.03
	 (a)(2)
	    	5.04
	 (b)
	    	10.03
	 318(a)
	    	1.07
	 (b)
	    	N.A.
	 (c)
	    	1.07

  

	*	N.A means inapplicable 

 NOTE: This reconciliation and tie shall not, for any purpose, be deemed to be a
part of the Indenture. 

  
 iv 

 SUBORDINATED INDENTURE 

THIS SUBORDINATED INDENTURE, dated as of
                , 20         (the “Indenture”) between Rex Energy Corporation, a corporation duly organized and
existing under the laws of the State of Delaware (herein called the “Company”), having its principal office at 366 Walker Drive, State College, Pennsylvania 16801, and [Trustee], a national banking association, as trustee (herein
called the “Trustee”).  
 RECITALS 

The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of the
Company’s subordinated debentures, notes or other evidences of indebtedness (herein called the “Securities”), to be issued in one or more series as provided in this Indenture.  

All things necessary to make this Indenture a valid agreement of the Company in accordance with its terms, have been done. 

NOW, THEREFORE, THIS INDENTURE WITNESSETH: 

For and in consideration of the premises and the purchase of the Securities by the Holders thereof it is mutually agreed, for the equal and
proportionate benefit of all Holders of the Securities or of any series thereof, as follows: 
 ARTICLE I 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 

SECTION 1.01 Definitions. 

For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires: 

(a) the terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as the singular; 

(b) all other terms used herein which are defined in the Trust Indenture Act, either directly or by reference therein, have the meanings
assigned to them therein; 
 (c) all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with
generally accepted accounting principles in the United States of America (including, as applicable, International Financial Reporting Standards) as in effect, and, except as otherwise herein expressly provided, the term “generally accepted
accounting principles” with respect to any computation required or permitted hereunder shall mean such accounting principles as are generally accepted at the date of such computation; 

(d) unless the context otherwise requires, any reference to an “Article” or a “Section” refers to an Article or a Section,
as the case may be, of this Indenture; 
 (e) the words “herein”, “hereof” and “hereunder” and other words of
similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision; 
 (f)
“including” means “including without limitation”, “including but not limited to” or words of similar import; and 

(g) if the applicable series of Securities are subordinated pursuant to Article XIV, unsecured Debt shall not be deemed to be subordinate or
junior to secured Debt merely by virtue of its nature as unsecured Debt. 
 “Act”, when used with respect to any Holder,
has the meaning specified in Section 1.04. 
 “Affiliate” of any specified Person means any other Person
directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to
direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to
the foregoing.  
 “Applicable Procedures” of a Depositary means, with respect to any matter at any time, the
policies and procedures of such Depositary, if any, that are applicable to such matter at such time.  

  
 1 

 “Authenticating Agent” means any Person authorized by the Trustee
pursuant to Section 6.14 to act on behalf of the Trustee to authenticate Securities of one or more series.  
 “Board of
Directors” means either the board of directors of the Company or any duly authorized committee of that board. 

“Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to
have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee.  

“Business Day”, when used with respect to any Place of Payment or other location, means, except as otherwise provided
or contemplated by Section 3.01 with respect to any series of Securities, each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in either (a) that Place of Payment or (b) other location
are authorized or obligated by law or executive order or regulation to close.  
 “Commission” means the
Securities and Exchange Commission, from time to time constituted, created under the Exchange Act, or, if at any time after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the Trust
Indenture Act, then the body performing such duties at such time.  
 “Company” means the Person named as the
“Company” in the first paragraph of this instrument until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor Person.  

“Company Request” or “Company Order” means a written request or order signed in the name of the Company by
its Chairman of the Board, its Vice Chairman of the Board, its President or a Vice President, and by its Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary of the Company, or any other officer or officers of the Company
designated in writing by, or pursuant to, authority of the Board of Directors, and delivered to the Trustee.  

“Corporate Person” means a corporation, association, partnership (general or limited), limited liability company,
company, joint-stock company or business trust.  
 “Corporate Trust Office” means the principal office of
the Trustee in             (currently at             ) at which at any particular time its corporate trust business shall be
administered.  
 “Covenant Defeasance” has the meaning specified in Section 13.03. 

“Debt” of any Person at any date means any obligation created or assumed by such Person for the repayment of borrowed
money and any guarantee therefor.  
 “Defaulted Interest” has the meaning specified in Section 3.07. 

“Defeasance” has the meaning specified in Section 13.02. 

“Depositary” means, with respect to Securities of any series issuable in whole or in part in the form of one or more
Global Securities, a clearing agency that is designated to act as Depositary for such Securities as contemplated by Section 3.01.  

“Designated Senior Indebtedness” means any Senior Indebtedness so designated, as provided in Section 3.01, in
respect of any series of Securities.  
 “Event of Default” has the meaning specified in Section 5.01. 

“Exchange Act” means the Securities Exchange Act of 1934 and any statute successor thereto, in each case as amended
from time to time.  
 “Expiration Date” has the meaning specified in Section 1.04. 

“Foreign Subsidiary” means a Subsidiary of the Company not organized or existing under the laws of the United States
of America, any state thereof, the District of Columbia or any territory thereof.  
 “Global Security” means
a Security that evidences all or part of the Securities of any series and bears the legend set forth in Section 2.04 (or such legend as may be specified as contemplated by Section 3.01 for such Securities).  

  
 2 

 “Holder” means a Person in whose name a Security is registered in the
Security Register.  
 “Indenture” means this instrument as originally executed and as it may from time to
time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, including, for all purposes of this instrument and any such supplemental indenture, the provisions of the Trust
Indenture Act that are deemed to be a part of and govern this instrument and any such supplemental indenture, respectively. The term “Indenture” shall also include the terms of particular series of Securities established as contemplated by
Section 3.01.  
 “interest”, when used with respect to an Original Issue Discount Security which by its
terms bears interest only after Maturity, means interest payable after Maturity.  
 “Interest Payment Date”,
when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security.  

“Investment Company Act” means the Investment Company Act of 1940 and any statute successor thereto, in each case as
amended from time to time.  
 “Lien” means any mortgage, pledge, lien, encumbrance or security interest of
any kind, but excluding agreements to refrain from granting Liens.  
 “mandatory sinking fund payment” has
the meaning specified in Section 12.01.  
 “Maturity”, when used with respect to any Security, means
the date on which the principal of such Security or an installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise.  

“Notice of Default” means a written notice of the kind specified in Section 5.01(d) or 5.01(e).  

“Officers’ Certificate” means a certificate signed by the Chairman of the Board, a Vice Chairman of the Board,
the President or a Vice President, and by the Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary of the Company or any other officer or officers of the Company designated in writing by, or pursuant to, authority of the Board
of Directors and delivered to the Trustee. One of the officers designated in the preceding sentence signing an Officers’ Certificate given pursuant to Section 10.04 shall be the principal executive, financial or accounting officer of the
Company.  
 “Opinion of Counsel” means a written opinion of counsel, who may be an employee of, or outside
counsel to, but does not have to be counsel for, the Company, and who shall be acceptable to the Trustee, which acceptance shall not be unreasonably withheld.  

“optional sinking fund payment” has the meaning specified in Section 12.01.  

“Original Issue Discount Security” means any Security which provides for an amount less than the principal amount
thereof to be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 5.02.  

“Outstanding”, when used with respect to Securities, means, as of the date of determination, all Securities
theretofore authenticated and delivered under this Indenture, except:  
 (a) Securities theretofore canceled and delivered to the
Trustee or delivered to the Trustee for cancellation; 
 (b) Securities for whose payment or redemption money in the necessary amount has
been theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Securities; provided
that, if such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor has been made; 

(c) Securities, except to the extent provided in Sections 13.02 and 13.03 respectively, as to which the Company has effected Defeasance
pursuant to Section 13.02 or Covenant Defeasance pursuant to Section 13.03; and 
 (d) Securities which have been paid pursuant to
Section 3.06 or in exchange for or in lieu of which other Securities have been authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof
satisfactory to it that such Securities are held by a bona fide purchaser in whose hands such Securities are valid obligations of the Company; 

  
 3 

 provided, however, that in determining whether the Holders of the requisite principal amount of the Outstanding
Securities have given, made or taken any request, demand, authorization, direction, notice, consent, waiver or other action hereunder as of any date, (A) the principal amount of an Original Issue Discount Security which shall be deemed to be
Outstanding shall be the amount of the principal thereof which would be due and payable as of such date upon acceleration of the Maturity thereof to such date pursuant to Section 5.02, (B) if, as of such date, the principal amount payable
at the Stated Maturity of a Security is not determinable, the principal amount of such Security which shall be deemed to be Outstanding shall be the amount as specified or determined as contemplated by Section 3.01, (C) the principal
amount of a Security denominated in one or more foreign currencies or currency units which shall be deemed to be Outstanding shall be the U.S. dollar equivalent, determined as of such date in the manner provided as contemplated by Section 3.01,
of the principal amount of such Security (or, in the case of a Security described in Clause (A) or (B) above, of the amount determined as provided in such Clause), and (D) Securities owned by the Company or any other obligor upon the
Securities or any Affiliate of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization,
direction, notice, consent, waiver or other action, only Securities which the Trustee knows to be so owned shall be so disregarded. The Trustee shall be protected in relying on an Officer’s Certificate or other evidence satisfactory to it in
determining ownership. Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that
the pledgee is not the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor. 

“Paying Agent” means any Person authorized by the Company to pay the principal of or any premium or interest on any
Securities on behalf of the Company.  
 “Person” means any individual, Corporate Person, joint venture,
trust, unincorporated organization or government or any agency or political subdivision thereof.  
 “Place of
Payment”, when used with respect to the Securities of any series, means the place or places where the principal of and any premium and interest on the Securities that series are payable as specified or contemplated by Section 3.01. 

 “Predecessor Security” of any particular Security means every previous Security evidencing all or a portion
of the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.06 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security
shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security.  
 “Redemption
Date”, when used with respect to any Security to be redeemed, means the date fixed for such redemption by or pursuant to this Indenture.  

“Redemption Price”, when used with respect to any Security to be redeemed, means the price at which it is to be
redeemed pursuant to this Indenture.  
 “Regular Record Date” for the interest payable on any Interest
Payment Date on the Securities of any series means the date specified for that purpose as contemplated by Section 3.01.  

“Representative” means the trustee, agent or representative (if any) for an issue of Senior Indebtedness, and, in the
absence of any trustee, agent or representative, it means the holder or holders of such issue.  
 “Responsible
Officer”, when used with respect to the Trustee, means the chairman or any vice-chairman of the board of directors, the chairman or any vice-chairman of the executive committee of the board of directors, the chairman of the trust committee,
the president, any Vice President, the secretary, any assistant secretary, the treasurer, any assistant treasurer, the cashier, any assistant cashier, any trust officer or assistant trust officer, the controller or any assistant controller or any
other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred
because of his knowledge of and familiarity with the particular subject.  
 “Securities” has the meaning
stated in the first recital of this Indenture and more particularly means any Securities authenticated and delivered under this Indenture.  

  
 4 

 “Securities Act” means the Securities Act of 1933 and any statute
successor thereto, in each case as amended from time to time.  
 “Security Register” and “Security
Registrar” have the respective meanings specified in Section 3.05.  
 “Senior Indebtedness,”
unless otherwise provided with respect to the Securities of a series as contemplated by Section 3.01, means (1) all Debt of the Company, whether currently outstanding or hereafter issued, unless, by the terms of the instrument creating or
evidencing such Debt, it is provided that such Debt is not superior in right of payment to the Securities, or to other Debt that is pari passu with or subordinated to the Securities, and (2) any modifications, refunding, deferrals, renewals, or
extensions of any such Debt or securities, notes or other evidence of Debt issued in exchange for such Debt; provided that in no event shall “Senior Indebtedness” include (a) Debt of the Company owed or owing to any Subsidiary of the
Company, (b) Debt to trade creditors, or (c) any liability for taxes owed or owing by the Company.  

“Special Record Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to
Section 3.07.  
 “Stated Maturity”, when used with respect to any Security or any installment of
principal thereof or interest thereon, means the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable.  

“Subsidiary” means any Corporate Person a majority of the combined voting power of the total outstanding ownership
interests in which is, at the time of determination, beneficially owned or held, directly or indirectly, by the Company or by one or more other Subsidiaries, or by the Company and one or more other Subsidiaries. For this purpose, “voting
power” means power to vote in an ordinary election of directors (or in the case of a Corporate Person that is not a corporation, ordinarily to appoint or approve appointment of Persons holding similar positions), whether at all times or only as
long as no senior class of ownership interests has such voting power by reason of any contingency; provided that, unless otherwise expressly stated, Subsidiary shall not include any Foreign Subsidiary.  

“Trust Indenture Act” means the Trust Indenture Act of 1939 as in force at the date as of which this instrument was
executed, except as otherwise provided in Section 9.05; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means, to the extent required by any such amendment, the
Trust Indenture Act of 1939 as so amended.  
 “Trustee” means the Person named as the “Trustee” in
the first paragraph of this instrument until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee hereunder,
and if at any time there is more than one such Person, “Trustee” as used with respect to the Securities of any series shall mean the Trustee with respect to Securities of that series.  

“USA Patriot Act” means The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism Act of 2001 (Title III of Pub. L. No. 107-56 (signed into law October 26, 2001)). 
 “U.S.
Government Obligation” has the meaning specified in Section 13.04.  
 “Vice President”, when
used with respect to the Company or the Trustee, means any vice president, whether or not designated by a number or a word or words added before or after the title “vice president”.  

SECTION 1.02 Compliance Certificates and Opinions. 

Upon any application or request by the Company to the Trustee to take or refrain from taking any action under any provision of this Indenture,
the Company shall furnish to the Trustee such certificates and opinions as may be required under the Trust Indenture Act. Each such certificate and opinion shall be given in the form of an Officers’ Certificate, if to be given by an officer of
the Company and an Opinion of Counsel, if to be given by counsel, and shall comply with the requirements of the Trust Indenture Act and any other requirements set forth in this Indenture. 

Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (except for certificates
provided in Section 10.04) shall include, 
 (a) a statement that each individual signing such certificate or opinion has read such
covenant or condition and the definitions herein relating thereto; 

  
 5 

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

(d) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 

SECTION 1.03 Form of Documents Delivered to Trustee. 

In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that
all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other
such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 
 Any
certificate or opinion of an officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know,
that the certificate or opinion or representations with respect to the matters upon which his certificate or opinion is based are erroneous. Any such certificate or opinion of counsel may be based, insofar as it relates to factual matters, upon a
certificate or opinion of, or representations by, an officer or officers of the Company stating that the information with respect to such factual matters is in the possession of the Company, unless such counsel knows, or in the exercise of
reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous. 
 Where any
Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 

SECTION 1.04 Acts of Holders; Record Dates. 

Any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be
given, made or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agent duly appointed in writing; and, except as herein otherwise expressly provided,
such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments (and the action embodied therein and evidenced thereby)
are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this
Indenture and (subject to Section 6.01) conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section.  

Without limiting the generality of the foregoing, (i) a Holder, including a Depositary or its nominee that is a Holder of a Global Security,
may make, give or take, by a proxy or proxies, duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other action provided in this Indenture to be made, given or taken by Holders, and a Depositary or
its nominee that is a Holder of a Global Security may provide its proxy or proxies to the beneficial owners of interests in any such Global Security; and (ii) with respect to any Global Security the Depositary for which is The Depository Trust
Company (“DTC”), any consent or other action given, made or taken by an “agent member” of DTC by electronic means in accordance with the Automated Tender Offer Procedures system or other Applicable Procedures of, and
pursuant to authorization by, DTC will be deemed to constitute the “Act” of the Holder of such Global Security, and such Act will be deemed to have been delivered to the Company and the Trustee upon the delivery by DTC of an
“agent’s message” or other notice of such consent or other action having been so given, made or taken in accordance with the Applicable Procedures of DTC. 

The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such
execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution thereof. Where such execution
is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. The fact and date of the execution of any such instrument or writing, or the authority of
the Person executing the same, may also be proved in any other manner which the Trustee deems sufficient. 
 The ownership, principal amount
and serial numbers of Securities held by any Person, and the date of commencement of such Person’s holding the same, shall be proved by the Security Register. 

  
 6 

 Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder
of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be
done by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Security. 
 The Company
may set any day as a record date for the purpose of determining the Holders of Outstanding Securities of any series entitled to give, make or take any request, demand, authorization, direction, notice, consent, waiver or other action provided or
permitted by this Indenture to be given, made or taken by Holders of Securities of such series, but the Company shall have no obligation to do so; provided that the Company may not set a record date for, and the provisions of this paragraph shall
not apply with respect to, the giving or making of any notice, declaration, request or direction referred to in the next paragraph. If any record date is set pursuant to this paragraph, the Holders of Outstanding Securities of the relevant series on
such record date, and no other Holders, shall be entitled to take the relevant action, whether or not such Holders remain Holders after such record date; provided that no such action shall be effective hereunder unless taken on or prior to the
applicable Expiration Date by Holders of the requisite principal amount of Outstanding Securities of such series on such record date. Nothing in this paragraph shall be construed to prevent the Company from setting a new record date for any action
for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with no action by any Person be cancelled and of no effect), and nothing in this paragraph shall be
construed to render ineffective any action taken by Holders of the requisite principal amount of Outstanding Securities of the relevant series on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the
Company, at its own expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Trustee in writing and to each Holder of Securities of the relevant series in the manner set
forth in Section 1.06. 
 The Trustee may set any day as a record date for the purpose of determining the Holders of Outstanding
Securities of any series entitled to join in the giving or making of (i) any Notice of Default, (ii) any declaration of acceleration referred to in Section 5.02, (iii) any request to institute proceedings referred to in
Section 5.07(b) or (iv) any direction referred to in Section 5.12, in each case with respect to Securities of such series. If any record date is set pursuant to this paragraph, the Holders of Outstanding Securities of such series on
such record date, and no other Holders, shall be entitled to join in such notice, declaration, request or direction, whether or not such Holders remain Holders after such record date; provided that no such action shall be effective hereunder unless
taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding Securities of such series on such record date. Nothing in this paragraph shall be construed to prevent the Trustee from setting a new
record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with no action by any Person be cancelled and of no effect), and nothing in this
paragraph shall be construed to render ineffective any action taken by Holders of the requisite principal amount of Outstanding Securities of the relevant series on the date such action is taken. Promptly after any record date is set pursuant to
this paragraph, the Trustee, at the Company’s expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Company in writing and to each Holder of Securities of the
relevant series in the manner set forth in Section 1.06. 
 With respect to any record date set pursuant to this Section, the
party hereto which sets such record date may designate any day as the “Expiration Date” and from time to time may change the Expiration Date to any earlier or later day; provided that no such change shall be effective unless notice
of the proposed new Expiration Date is given to the other party hereto in writing, and to each Holder of Securities of the relevant series in the manner set forth in Section 1.06, on or prior to the then existing Expiration Date. If an
Expiration Date is not designated with respect to any record date set pursuant to this Section, the party hereto which set such record date shall be deemed to have initially designated the 180th day following such record date as the Expiration Date
with respect thereto, subject to its right to change the Expiration Date as provided in this paragraph. Notwithstanding the foregoing, no Expiration Date shall be later than the 180th day following the applicable record date.  

Without limiting the foregoing, a Holder entitled hereunder to take any action hereunder with regard to any particular Security may do so with
regard to all or any part of the principal amount of such Security or by one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any part of such principal amount. 

  
 7 

 SECTION 1.05 Notices, Etc., to Trustee and Company. 

Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this
Indenture to be made upon, given or furnished to, or filed with, 
 (a) the Trustee by any Holder or by the Company shall be sufficient for
every purpose hereunder if made, given, furnished or filed in writing (which may be by facsimile or electronic transmission) to or with the Trustee at its Corporate Trust Office, Attention:
                , or 
 (b) the Company by the Trustee or by
any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to the Company addressed to it at the address of the Company’s principal office
specified in the first paragraph of this instrument or at any other address previously furnished in writing to the Trustee by the Company. 

SECTION 1.06 Notice to Holders; Waiver. 

Where this Indenture provides for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein expressly
provided) if in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at its address as it appears in the Security Register, not later than the latest date (if any), and not earlier than the earliest date (if any),
prescribed for the giving of such notice. In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice
with respect to other Holders. Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of
such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 

In case by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable to give such notice by
mail, then such notification as shall be made in the manner determined by the Company, with notice of the Trustee, shall constitute a sufficient notification for every purpose hereunder. 

SECTION 1.07 Conflict with Trust Indenture Act. 

This Indenture is subject to the provisions of the Trust Indenture Act that are required to be a part of this Indenture and, to the extent
applicable, shall be governed by such provisions. If any provision hereof limits, qualifies or conflicts with a provision of the Trust Indenture Act or with another provision hereof which is required under the Trust Indenture Act to be a part of and
govern this Indenture, the latter provision shall control. If any provision of this Indenture modifies or excludes any provision of the Trust Indenture Act which may be so modified or excluded, the latter provision shall be deemed to apply to this
Indenture as so modified or excluded, as the case may be. 
 SECTION 1.08 Effect of Headings and Table of Contents. 

The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof. 

SECTION 1.09 Successors and Assigns. 

All covenants and agreements in this Indenture by the Company shall bind its successors and assigns, whether so expressed or not. 

SECTION 1.10 Separability Clause. 

In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 SECTION 1.11 Benefits of
Indenture. 
 Nothing in this Indenture or in the Securities, express or implied, shall give to any Person, other than the parties
hereto and their successors hereunder, the holders of Senior Indebtedness and the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture, except as may otherwise be expressly provided pursuant to Section 3.01
with respect to any specific Securities. 

  
 8 

 SECTION 1.12 Governing Law. 

This Indenture and the Securities shall be governed by and construed in accordance with the laws of the State of New York. 

SECTION 1.13 Legal Holidays. 

In any case where any Interest Payment Date, Redemption Date, other payment date with respect to any Security or Stated Maturity of any
Security shall not be a Business Day at any Place of Payment or other location, then (notwithstanding any other provision of this Indenture or of the Securities (other than a provision of any Security which specifically states that such provision
shall apply in lieu of this Section)) payment of interest or principal (and premium, if any) need not be made at such Place of Payment or other location on such date, but may be made on the next succeeding Business Day at such Place of Payment or
other location with the same force and effect as if made on the Interest Payment Date, Redemption Date or other payment date with respect to such Security, or at the Stated Maturity. 

SECTION 1.14 Incorporators, Shareholders, Directors, Officers and Employees of the Company Exempt from
Individual 

                    
     Liability. 
 No recourse under or upon any obligation, covenant or agreement contained in this
Indenture, or in any Security, or because of any indebtedness evidenced thereby, shall be had against any incorporator, as such, or against any past, present or future shareholder, director, officer or employee, as such, of the Company or of any
successor, either directly or through the Company or any successor, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being
expressly waived and released by the acceptance of the Securities by the Holders thereof and as part of the consideration for the issue of the Securities. 

SECTION 1.15 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 INDENTURE OR THE SECURITIES. 
 SECTION 1.16 Force
Majeure. 
 In no event will the Trustee be responsible or liable for any failure or delay in the performance of its obligations
hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and
interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to
resume performance as soon as practicable under the circumstances. 
 SECTION 1.17 USA Patriot Act. 

The Trustee hereby notifies the Company that pursuant to the requirements of the USA Patriot Act, it is required to obtain, verify and record
information that identifies the Company, which information includes the name and address of the Company and other information that will allow the Trustee to identify the Company in accordance with the USA Patriot Act. 

ARTICLE II 
 SECURITY
FORM 
 SECTION 2.01 Forms Generally. 

The Securities of each series and the Trustee’s certificate of authentication shall be in substantially the forms set forth in this
Article, or in such other form as shall be established by or pursuant to a Board Resolution and, subject to Section 3.03, to the extent established pursuant to rather than set forth in a Board Resolution, in an Officers’ Certificate or
Company Order setting forth, or determining the manner of, such establishment, or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or
permitted by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with applicable laws or the rules of any securities exchange or automated
quotation system on which the Securities of such series may be listed or traded or of any Depositary therefor or as may, consistently herewith, be determined by the officers executing such Securities, as evidenced by their execution thereof. If the
form of Securities of any series is established by action taken pursuant to a Board Resolution, a copy of a record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior
to the delivery of the Company Order contemplated by Section 3.03 for the authentication and delivery of such Securities. 
 The
definitive Securities shall be printed, lithographed or engraved on steel engraved borders or may be produced in any other manner, all as determined by the officers executing such Securities, as evidenced by their execution of such Securities. 

SECTION 2.02 Form of Face of Security. 

[Insert any legend required by the United States Internal Revenue Code and the regulations thereunder.] 

[If a Global Security, — insert legend required by Section 2.04 of the Indenture] [If applicable, insert — UNLESS THIS SECURITY
IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED

  
 9 

 
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN.] 
 Rex Energy Corporation 

 

			
		 	CUSIP No:             
	 No.                 
	 	$                              

 Rex Energy Corporation, a corporation duly organized and existing under the laws of the State of Delaware
(herein called the “Company” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to
                , or registered assigns, the principal sum of United States Dollars [state other currency] on
                 [if the Security is to bear interest prior to Maturity, insert –, and to pay interest thereon from
                 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semiannually on
                 and                  in each year, commencing
                , and at the Maturity hereof, at the rate of             % per annum, until the principal
hereof is paid or made available for payment [if applicable insert —, provided that any principal and premium, and any such installment of interest, which is overdue shall bear interest at the rate of
            % per annum (to the extent that the payment of such interest shall be legally enforceable), from the dates such amounts are due until they are paid or made available for
payment, and any such interest on any overdue installment shall be payable on demand.] [If applicable, insert — In the event that any date on which interest is payable on this Security is not a Business Day, then a payment of the interest
payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay) with the same force and effect as if made on the date the payment was originally payable.
The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close
of business on the Regular Record Date for such interest, which shall be the                  or
                 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly
provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special
Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other
lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Securities of this series may be listed or traded, and upon such notice as may be required by such exchange or automated
quotation system, all as more fully provided in such Indenture]. 
 [If the Security is not to bear interest prior to Maturity, insert
— The principal of this Security shall not bear interest except in the case of a default in payment of principal upon acceleration, upon redemption or at Stated Maturity and in such case the overdue principal and any overdue premium shall bear
interest at the rate of             % per annum (to the extent that the payment of such interest shall be legally enforceable), from the dates such amounts are due until they are paid or
made available for payment. Interest on any overdue principal or premium shall be payable on demand.] 
 [If a Global Security, insert
— Payment of the principal of [(and premium, if any)] and [if applicable, insert — any such] interest on this Security [may be made pursuant to the Applicable Procedures of the Depositary as permitted in such Indenture] [will be made by
transfer of immediately available funds to a bank account in designated by the Holder in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts [state other
currency]].] 
 [If a definitive Security, insert —] Payment of the principal of (and premium, if any) and [if applicable, insert
— any such] interest on this Security will be made at the office or agency of the Company maintained for that purpose within the United States of America [in such coin or currency of the United States of America as at the time of payment is
legal tender for payment of public and private debts] [state other currency], or at such other offices or agencies as the Company may designate, by [United States Dollar] [state other currency] check drawn on, or transfer to a [United States Dollar]
account maintained by the payee with, a bank in the United States of America [            ] (so long as the applicable Paying Agent has received proper transfer instructions in writing at
least [            ] days prior to the payment date)] [if applicable, insert —; provided, however, that at the option of the Company payment of

  
 10 

 
interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register] [or by transfer to a [United States Dollar] [state other
currency] account maintained by the payee with a bank in the United States of America (so long as the applicable Paying Agent has received proper transfer instructions in writing by the Record Date prior to the applicable Interest Payment Date)].]

 Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

Dated:                         
                                         
          
 Rex Energy Corporation 

By:                         
                                         
                

Name:                      
                                         
      

Title:                      
                                         
        
 SECTION 2.03 Form of Reverse of Security. 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued
and to be issued in one or more series under an Indenture, dated as of                  (herein called the “Indenture”, which term shall have the meaning
assigned to it in such instrument), between the Company and [Trustee], as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement
of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security
is one of the series designated on the face hereof [if applicable, insert —, limited in aggregate principal amount to $                ].  

[If applicable, insert — The Securities of this series are subject to redemption upon not less than 30 nor more than 60 days’ notice
by mail, [if applicable, insert (1) on                  in any year commencing with the year
                 and ending with the year                  through operation of the
sinking fund for this series at a Redemption Price equal to 100% of the principal amount, and (2)] at any time [if applicable, insert — on or after
                , 2            ], as a whole or in part, at the election of the Company, at the following
Redemption Prices (expressed as percentages of the principal amount): If redeemed [if applicable, insert — on or before                 ,
            %, and if redeemed] during the 12-month period beginning                  of the years indicated,

  

							
	 Redemption
	    	 Redemption

	 Year
	 	 Price
	    	 Year
	    	 Price

and thereafter at a Redemption Price equal to             % of the principal amount,
together in the case of any such redemption [if applicable, insert — (whether through operation of the sinking fund or otherwise)] with accrued interest to the Redemption Date, but interest installments whose Stated Maturity is on or prior to
such Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, of record at the close of business on the relevant Record Dates referred to on the face hereof, all as provided in the Indenture.] 

[If applicable, insert — The Securities of this series are subject to redemption upon not less than 30 nor more than 60 days’ notice
by mail, (1) on                  in any year commencing with the year
                 and ending with the year                  through operation of
the sinking fund for this series at the Redemption Prices for redemption through operation of the sinking fund (expressed as percentages of the principal amount) set forth in the table below, and (2) at any

  
 11 

 
time [if applicable, insert — on or after             ], as a whole or in part, at the election of the Company, at the Redemption
Prices for redemption otherwise than through operation of the sinking fund (expressed as percentages of the principal amount) set forth in the table below: If redeemed during the 12-month period beginning
                 of the years indicated, 
  

					
	 Year
	    	 Redemption Price For Redemption
Through Operation of the
Sinking
Fund
	    	 Redemption Price For Redemption
Otherwise Than
Through
Operation of the Sinking Fund

 and thereafter at a Redemption Price equal to
            % of the principal amount, together in the case of any such redemption (whether through operation of the sinking fund or otherwise) with accrued interest to the Redemption Date,
but interest installments whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, of record at the close of business on the relevant Record Dates referred
to on the face hereof, all as provided in the Indenture.] 
 [If applicable, insert — Notwithstanding the foregoing, the Company may
not, prior to                 , redeem any securities of this series as contemplated by [if applicable, insert — Clause (2) of] the preceding paragraph as a
part of or in anticipation of, any refunding operation by the application, directly or indirectly, of moneys borrowed having an interest cost to the Company (calculated in accordance with generally accepted financial practice) of less than
            % per annum.] 
 [If applicable, insert — The sinking fund for
this series provides for the redemption on                  in each year beginning with the year
                 and ending with the year                  of [if applicable, insert
— not less than $                 (“mandatory sinking fund”) and not more than]
$                 aggregate principal amount of Securities of this series. Securities of this series acquired or redeemed by the Company otherwise than through [if
applicable, insert mandatory] sinking fund payments may be credited against subsequent [if applicable, insert mandatory] sinking fund payments otherwise required to be made [if applicable, insert–, in the inverse order in which they become
due].] 
 [If the Security is subject to redemption of any kind, insert — In the event of redemption of this Security in part only, a
new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof.] 

[If applicable, insert — The Indenture contains provisions for defeasance at any time of [the entire indebtedness of this Security] [or]
[certain restrictive covenants and Events of Default with respect to this Security] [, in each case] upon compliance with certain conditions set forth in the Indenture.] 

[If applicable, insert — the Securities of this series are not redeemable prior to Stated Maturity.] 

[If the Security is not an Original Issue Discount Security, insert — If an Event of Default with respect to Securities of this series
shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture.] 

[If the Security is an Original Issue Discount Security, insert — If an Event of Default with respect to Securities of this series shall
occur and be continuing, an amount of principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. Such amount shall be equal to [insert formula for determining the amount].
Upon payment (i) of the amount of principal so declared due and payable and (ii) of interest on any overdue principal, premium and interest (in each case to the extent that the payment of such interest shall be legally enforceable), all of
the Company’s obligations in respect of the payment of the principal of and premium and interest, if any, on the Securities of this series shall terminate.] 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of not less than a majority in principal amount of the
Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of a majority in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of
all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be
conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is
made upon this Security. 

  
 12 

 As provided in and subject to the provisions of the Indenture, the Holder of this Security shall
not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a
continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute
proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding
a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 90 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this
Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 

If so provided pursuant to the terms of any specific Securities, the above-referenced provisions of the Indenture regarding the ability of
Holders to waive certain defaults, or to request the Trustee to institute proceedings (or to give the Trustee other directions) in respect thereof, may be applied differently with regard to such Securities. 

No reference herein to the Indenture and no provision of this Security or of the Indenture shall, without the consent of the Holder, alter or
impair the obligation of the Company which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 

[If a Global Security, insert — This Global Security or portion hereof may not be exchanged for definitive Securities of this series
except in the limited circumstances provided in the Indenture. 
 The holders of beneficial interests in this Global Security will not be
entitled to receive physical delivery of definitive Securities except as described in the Indenture and will not be considered the Holders thereof for any purpose under the Indenture.] 

[If a definitive Security, insert — As provided in the Indenture and subject to certain limitations therein set forth, the transfer of
this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Security are payable,
duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed, by the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new
Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees.] 

The Securities of this series are issuable only in registered form without coupons in denominations of [U.S.]
$                 [state other currency] and any integral multiple thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities
of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested in writing by the Holder surrendering the same. 

No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of this Security for registration of
transfer and notice to the Trustee thereof the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be
overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
 This Security is
subordinated in right of payment to the Senior Indebtedness as more fully provided in Article XIV. 
 [If this Security is a Global
Security, insert — This Security is a Global Security and is subject to the provisions of the Indenture relating to Global Securities, including the limitations in Section 3.05 thereof on transfers and exchanges of Global Securities.] 

  
 13 

 All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture. 
 THE INDENTURE AND THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK. 
 [If a Definitive Security, insert as a separate page— 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
             (Please Print or Typewrite Name and Address of Assignee) the within instrument of REX ENERGY CORPORATION and does hereby irrevocably constitute and appoint
             Attorney to transfer said instrument on the books of the within-named Company, with full power of substitution in the premises. 

Please Insert Social Security or 
 Other Identifying Number of
Assignee: 
  

					
	 	 		  	 

 Dated:
                                         
                (Signature) 
  

							
	 	 		  	 	  	

 Signature Guarantee: 
  

	
	 

 (Participant in a Recognized Signature Guaranty Medallion Program) 

NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within instrument in every particular,
without alteration or enlargement or any change whatever.] 
 SECTION 2.04 Form of Legend for Global Securities. 

Unless otherwise specified as contemplated by Section 3.01 for the Securities evidenced thereby, every Global Security authenticated and
delivered hereunder shall bear a legend in substantially the following form: 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE
INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE
REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR OR
IN LIEU OF, THIS SECURITY SHALL BE A GLOBAL SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES. 
 If Securities of a
series are issuable in whole or in part in the form of one or more Global Securities, as contemplated by Section 3.01, then, notwithstanding Clause (i) of Section 3.01 and the provisions of Section 3.02, any Global Security shall
represent such of the Outstanding Securities of such series as shall be specified therein and may provide that it shall represent the aggregate amount of Outstanding Securities from time to time endorsed thereon and that the aggregate amount of
Outstanding Securities represented thereby may from time to time be reduced or increased, as the case may be, to reflect exchanges. Any endorsement of a Global Security to reflect the amount, or any reduction or increase in the amount, of
Outstanding Securities represented thereby shall be made in such manner and upon instructions given by such Person or Persons as shall be specified therein or in a Company Order. Subject to the provisions of Sections 3.03, 3.04 and 3.05, the Trustee
shall deliver and redeliver any Global Security in the manner and upon instructions given by the Person or Persons specified therein or in the applicable Company Order. Any instructions by the Company with respect endorsement or delivery or
redelivery of a Global Security shall be in a Company Order. 
 The provisions of the last sentence of Section 3.03 shall apply to any
Security represented by a Global Security if such Security was never issued and sold by the Company and the Company delivers to the Trustee the Global Security together with a Company Order 

  
 14 

 
with regard to the reduction or increase, as the case may be, in the principal amount of Securities represented thereby, together with the written statement contemplated by the last sentence of
Section 3.03. 
 SECTION 2.05 Form of Trustee’s Certificate of Authentication. 

The Trustee’s certificates of authentication shall be in substantially the following form: 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated herein and referred to in the within-mentioned Indenture. 

 

			
	 [Trustee],
 As
Trustee

		
	By:	 	  

		 	Authorized Signatory

 ARTICLE III 

THE SECURITIES 
 SECTION
3.01 Amount Unlimited; Issuable in Series. 
 The aggregate principal amount of Securities which may be authenticated and
delivered under this Indenture is unlimited. 
 The Securities may be issued in one or more series and shall be in registered form. There
shall be established in or pursuant to a Board Resolution and, subject to Section 3.03, to the extent established pursuant to rather than set forth in a Board Resolution, in an Officers’ Certificate or Company Order setting forth, or
determining the manner of, such establishment, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any series, 

(a) the form and title of the Securities of the series (which shall distinguish the Securities of the series from Securities of any other
series); 
 (b) any limit upon the aggregate principal amount of the Securities of the series which may be authenticated and delivered under
this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 3.04, 3.05, 3.06, 9.06 or 11.07 and except for any
Securities which, pursuant to Section 3.03, are deemed never to have been authenticated and delivered hereunder); 
 (c) the issue
price or prices of originally issued Securities, expressed as a percentage of the principal amount, and the original issue date; 
 (d) the
Person to whom any interest on a Security of the series shall be payable, if other than the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such
interest; 
 (e) the date or dates on which the Securities will be issued and on which principal of, and premium, if any, on, any Securities
of the series is payable or the method of determination thereof; 
 (f) the rate or rates (which may be fixed or variable, or combination
thereof) at which any Securities of the series shall bear interest, if any, or the method of determination thereof, the date or dates from which any such interest shall accrue, or the method of determination thereof, the Interest Payment Dates on
which any such interest shall be payable and the Regular Record Date for any such interest payable on any Interest Payment Date; 
 (g) the
place or places where, subject to the provisions of Section 10.02, the principal of and any premium and interest on any Securities of the series shall be payable, Securities of the series may be surrendered for registration or transfer,
Securities of the series may be surrendered for exchange, and notices and demands to or upon the Company in respect of the Securities of the series and this Indenture may be served; 

  
 15 

 (h) the period or periods, if any, within which, the price or prices at which and the terms and
conditions upon which any Securities of the series may be redeemed, in whole or in part, at the option of the Company and, if other than by a Board Resolution, the manner in which any election by the Company to redeem the Securities shall be
evidenced; 
 (i) the obligation, if any, and the option, if any, of the Company to redeem, purchase or repay any Securities of the series
pursuant to any sinking fund or analogous provisions or upon the happening of a specified event or at the option of the Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which any
Securities of the series shall be redeemed, purchased or repaid, in whole or in part, pursuant to such obligation or option; 
 (j) if other
than denominations of $1,000 and any integral multiple thereof the denominations in which any Securities of the series shall be issuable; 

(k) if the amount of principal of or any premium or interest on any Securities of the series may be determined with reference to an index
including an index based on a currency or currencies other than in which the Securities of that series are payable or pursuant to a formula, the manner in which such amounts shall be determined; 

(l) if other than the currency of the United States of America, the currency, currencies or currency units in which the principal of or any
premium or interest on any Securities of the series shall be denominated, payable, redeemable or purchasable and the manner of determining the equivalent thereof in the currency of the United States of America for any purpose, including for purposes
of the definition of “Outstanding” in Section 1.01; 
 (m) if the principal of or any premium or interest on any Securities
of the series is to be payable, redeemable or purchasable, at the election of the Company or the Holder thereof, in one or more currencies or currency units other than that or those in which such Securities are stated to be payable, redeemable, or
purchasable, the currency, currencies or currency units in which the principal of or any premium or interest on such Securities as to which such election is made shall be payable, redeemable or purchasable, the periods within which and the terms and
conditions upon which such election is to be made and the amount so payable, redeemable or purchasable (or the manner in which such amount shall be determined); 

(n) if other than the entire principal amount thereof, the portion of the principal amount of any Securities of the series which shall be
payable upon declaration of acceleration of the Maturity thereof pursuant to Section 5.02 or provable in bankruptcy pursuant to Section 5.04 or the method of determination thereof; 

(o) if applicable, that the Securities of the series, in whole or any specified part, shall be defeasible pursuant to Section 13.02 or
Section 13.03 or both such Sections or if other than as provided in Sections 13.02 or 13.03, the terms and conditions upon which and the manner in which such series of Securities may be defeased or discharged, and, if other than by a Board
Resolution, the manner in which any election by the Company to defease or discharge such Securities shall be evidenced; 
 (p) if
applicable, that any Securities of the series shall be issuable in whole or in part in the form of one or more Global Securities and, in such case, the respective Depositaries for such Global Securities, the form of any legend or legends which shall
be borne by any such Global Security in addition to or in lieu of that set forth in Section 2.04, information with respect to book-entry procedures, and any circumstances in addition to or in lieu of those set forth in Section 3.05 in
which any such Global Security may be exchanged in whole or in part for Securities registered, and any transfer of such Global Security in whole or in part may be registered, in the name or names of Persons other than the Depositary for such Global
Security or a nominee thereof; 

  
 16 

 (q) if the Security is issued as an original issue discount Security, and if so, the yield to
maturity; 
 (r) any deletion from, addition to or change in the Events of Default which applies to any Securities of the series and any
change in the right of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 5.02; 

(s) any addition to or change in the covenants set forth in Article X or XIV which applies to Securities of the series or in any defined term
used in either Article X or XIV; 
 (t) the right, if any, of the Company to defer payments of interest by extending the interest payment
periods and specify the duration of such extension, the Interest Payment Dates on which such interest shall be payable and whether and under what circumstances additional interest on amounts deferred shall be payable; 

(u) if and the terms and conditions upon which any Securities of the series may be converted into or exchanged for securities, which may
include, without limitation, capital stock, of any class or series of the Company or any other issuer; 
 (v) if other than the Trustee, the
identity of any other trustee, the Security Registrar and any Paying Agent; and 
 (w) any other terms of the Securities of the series
(which terms shall not be inconsistent with the provisions of this Indenture, except as permitted by Section 9.01(e)). 
 All
Securities of any one series shall be substantially identical except as to denomination and except as may otherwise be provided in or pursuant to the Board Resolution referred to above and (subject to Section 3.03) set forth, or determined in
the manner provided, in the Officers’ Certificate referred to above or in any such indenture supplemental hereto. Accordingly, the terms of any Security of a series may differ from the terms of other Securities of the same series, if and to the
extent provided pursuant to this Section 3.01. The matters referenced in any or all of Clauses (a) – (w) above may be established and set forth or determined as aforesaid with respect to all or any specific Securities of a series
(in each case to the extent permitted by the Trust Indenture Act). 
 Any such Board Resolution or Officers’ Certificate referred to
above with respect to Securities of any series filed with the Trustee on or before the initial issuance of the Securities of such series shall be incorporated herein by reference with respect to Securities of such series and shall thereafter be
deemed to be a part of the Indenture for all purposes relating to Securities of such series as fully as if such Board Resolution or Officers’ Certificate were set forth herein in full. 

All Securities of any one series need not be issued at the same time and, unless otherwise provided, a series may be reopened, without the
consent of the Holders, for increases in the aggregate principal amount of such series of Securities and issuances of additional Securities of such series or for the establishment of additional terms with respect to the Securities of such series.

 If any of the terms of the series are established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such
action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officers’ Certificate setting forth the terms of the series. 

SECTION 3.02 Denominations. 

The Securities of each series shall be issuable only in registered form without coupons and only in such denominations as shall be specified as
contemplated by Section 3.01. In the absence of any such specified denomination with respect to the Securities of any series, the Securities of such series shall be issuable in minimum denominations of $1,000 and any integral multiple thereof.

 SECTION 3.03 Execution, Authentication, Delivery and Dating. 

The Securities shall be executed on behalf of the Company by its Chairman of the Board, its Vice Chairman of the Board, its President or one of
its Vice Presidents (or any other officer of the Company designated in writing by, or pursuant to, authority of the Board of Directors and delivered to the Trustee from time to time). The signature of any of these officers on the Securities may be
manual or facsimile. 
 The Securities bearing the manual or facsimile signatures of individuals who were at any time the proper officers of
the Company shall bind the Company notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities did not hold such offices at the date of such Securities. 

  
 17 

 At any time and from time to time after the execution and delivery of this Indenture, the Company
may deliver Securities of any series executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities, and the Trustee in accordance with the Company Order shall
authenticate and deliver such Securities. If the form or terms of the Securities of the series have been established by or pursuant to one or more Board Resolutions as permitted by Sections 2.01 and 3.01, in authenticating such Securities, and
accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to, Section 6.01) shall be fully protected in relying upon, an Opinion of Counsel stating,

 (a) if the form of such Securities has been established by or pursuant to Board Resolution as permitted by Section 2.01, that such
form has been established in conformity with the provisions of this Indenture; 
 (b) if the terms of such Securities have been established
by or pursuant to Board Resolution as permitted by Section 3.01, that such terms have been established in conformity with the provisions of this Indenture; and 

(c) that such Securities, when authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any
conditions specified in such Opinion of Counsel will constitute valid and legally binding obligations of the Company enforceable against the Company in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer,
reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles or other customary exceptions. 

If such form or terms have been so established, the Trustee shall not be required to authenticate such Securities if the issue of such
Securities pursuant to this Indenture in accordance with the Board Resolutions will affect the Trustee’s own rights, duties, obligations, responsibilities or immunities under the Securities and this Indenture or otherwise in a manner which is
not reasonably acceptable to the Trustee. 
 Notwithstanding the provisions of Section 3.01 and of the preceding paragraph, if all
Securities of a series are not to be originally issued at one time, it shall not be necessary, unless the Trustee reasonably determines otherwise, for the Company to deliver the Officers’ Certificate otherwise required pursuant to
Section 3.01 or the Company Order and Opinion of Counsel otherwise required pursuant to such preceding paragraph at or prior to the authentication of each Security of such series if such documents are delivered at or prior to the authentication
upon original issuance of the first Security of such series to be issued. 
 Each Security shall be dated the date of its authentication.

 No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such
Security a certificate of authentication substantially in the form provided for herein executed by the Trustee by manual signature, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has
been duly authenticated and delivered hereunder and is entitled to the benefits of this Indenture. 
 SECTION 3.04 Temporary
Securities. 
 Pending the preparation of definitive Securities of any series, the Company may execute, and upon Company Order the
Trustee shall authenticate and deliver, temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities in lieu of which
they are issued and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Securities may determine, as evidenced by their execution of such Securities. 

If temporary Securities of any series are issued, the Company will cause definitive Securities of that series to be prepared without
unreasonable delay. After the preparation of definitive Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series upon surrender of the temporary Securities of such series at
the office or agency of the Company in a Place of Payment for that series, 

  
 18 

 
without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities of any series, the Company shall execute and the Trustee shall authenticate and deliver in
exchange therefor one or more definitive Securities of the same series, of any authorized denominations and of like tenor and aggregate principal amount. Until so exchanged, the temporary Securities of any series shall in all respects be entitled to
the same benefits under this Indenture as definitive Securities of such series and tenor. 
 SECTION 3.05 Registration; Registration
of Transfer and Exchange. 
 The Company shall cause to be kept at the Corporate Trust Office or other designated office of the
Trustee a register (the register maintained in such office being herein sometimes collectively, referred to as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide
for the registration of Securities and of transfers of Securities entitled to registration or transfer as provided herein. The Trustee is hereby appointed “Security Registrar” for the purpose of registering Securities and transfers of
Securities as herein provided. The Company may at any time replace such Security Registrar, change such office or agency or act as its own Security Registrar. The Company will give prompt written notice to the Trustee of any change of the Security
Registrar or of the location of such office or agency. At all reasonable times the Security Register shall be available for inspection by the Trustee. 

Upon surrender for registration of transfer of any Security of a series at the office or agency of the Company in a Place of Payment for that
series, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Securities of the same series, of any authorized denominations and of like tenor and
aggregate principal amount. 
 At the option of the Holder, Securities of any series (except a Global Security) may be exchanged for other
Securities of the same series, of any authorized denominations and of like tenor and aggregate principal amount, upon surrender of the Securities to be exchanged at such office or agency. Whenever any Securities are so surrendered for exchange, the
Company shall execute, and the Trustee shall authenticate and deliver, the Securities which the Holder making the exchange is entitled to receive. 

All Securities issued upon any registration of transfer or exchange of Securities shall be the valid obligations of the Company, evidencing
the same debt, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. 

Every Security presented or surrendered for registration of transfer or for exchange shall (if so required by the Company or the Trustee) be
duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed, by the Holder thereof or his attorney duly authorized in writing. 

No service charge shall be made for any registration of transfer or exchange of Securities, but the Company may require payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 3.04, 9.06 or 11.07 not involving any transfer.

 If the Securities of any series (or of any series and specified tenor) are to be redeemed in part, neither the Company nor the Trustee
shall be required (A) to issue, register the transfer of or exchange any Securities of that series (or of that series and specified tenor, as the case may be) during a period beginning at the opening of business 15 days before the day of the
mailing of a notice of redemption of any such Securities selected for redemption under Section 11.03 and ending at the close of business on the day of such mailing, or (B) to register the transfer of or exchange any Security so selected
for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part. 
 The provisions of Clauses (a),
(b), (c) and (d) below shall apply only to Global Securities: 
 (a) Each Global Security authenticated under this Indenture shall
be registered in the name of the Depositary designated for such Global Security or a nominee thereof and delivered to such Depositary or a nominee thereof or custodian therefor, and each such Global Security shall constitute a single Security for
all purposes of this Indenture. 
 (b) Notwithstanding any other provision in this Indenture, and subject to such applicable provisions, if
any, as may be specified as contemplated by Section 3.01, no Global Security may be exchanged in whole or in part for Securities registered, and no transfer of a Global Security in whole or in part may be registered, in the name of

  
 19 

 
any Person other than the Depositary for such Global Security or a nominee thereof unless (1) such Depositary has notified the Company that it is unwilling or unable to continue as
Depositary for such Global Security or has ceased to be a clearing agency registered under the Exchange Act, and a successor Depositary is not appointed by the Company within 90 days after the Company’s receipt of such notice, (2) there
shall have occurred and be continuing an Event of Default with respect to such Global Security and the Security Registrar has received a request from the Depositary to issue certificated securities in lieu of the Global Security, (3) the
Company shall determine in its sole discretion that Securities of a series issued in global form shall no longer be represented by a Global Security, or (4) there shall exist such circumstances, if any, in addition to or in lieu of the
foregoing as have been specified for this purpose as contemplated by Section 3.01, then in any such case, such Global Security may be exchanged by such Depositary for definitive Securities of the same series, of any authorized denomination and
of a like aggregate principal amount and tenor, registered in the names of, and the transfer of such Global Security or portion thereof may be registered to, such Persons as such Depositary shall direct. If the Company designates a successor
Depositary pursuant to Clause (1) above, such Global Security shall promptly be exchanged in whole for one or more other Global Securities registered in the name of the successor Depositary, whereupon such designated successor shall be the
Depositary for such successor Global Security or Global Securities and the provisions of Clauses (a), (b), (c) and (d) of this Section shall continue to apply thereto. 

(c) Subject to Clause (b) above and to such applicable provisions, if any, as may be specified as contemplated by Section 3.01, any
exchange of a Global Security for other Securities may be made in whole or in part, and all Securities issued in exchange for a Global Security or any portion thereof shall be registered in such names as the Depositary for such Global Security shall
direct. 
 (d) Every Security authenticated and delivered upon registration of transfer of, or in exchange for or in lieu of, a Global
Security or any portion thereof, whether pursuant to this Section, Section 3.04, 3.06, 9.06 or 11.07 or otherwise, shall be authenticated and delivered in the form of, and shall be, a Global Security, unless such Security is registered in the
name of a Person other than the Depositary for such Global Security or a nominee thereof. 
 SECTION 3.06 Mutilated, Destroyed Lost
and Stolen Securities. 
 If any mutilated Security is surrendered to the Trustee, together with such security or indemnity as may be
required by the Company or the Trustee to save each of them and any agent of either of them harmless, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Security of the same series and of like tenor
and principal amount and bearing a number not contemporaneously outstanding. 
 If there shall be delivered to the Company and the Trustee
(i) evidence to their satisfaction of the destruction, loss or theft of any Security and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of
notice to the Company or the Trustee that such Security has been acquired by a bona fide purchaser, the Company shall execute and the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security, a new Security of
the same series and of like tenor and principal amount and bearing a number not contemporaneously Outstanding. If, after the delivery of such new Security, a bona fide purchaser of the original Security in lieu of which such new Security was issued
presents for payment or registration such original Security, the Trustee shall be entitled to recover such new Security from the party to whom it was delivered or any party taking therefrom, except a bona fide purchaser, and shall be entitled to
recover upon the security or indemnity provided therefor to the extent of any loss, damage, cost or expense incurred by the Company and the Trustee in connection therewith. 

In case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its discretion
may, instead of issuing a new Security, pay such Security. 
 Upon the issuance of any new Security, the Company may require the payment of
a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

Every new Security of any series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an
original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with
any and all other Securities of that series duly issued hereunder. 

  
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 The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other
rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 
 SECTION 3.07
Payment of Interest; Interest Rights Preserved. 
 Except as otherwise provided as contemplated by Section 3.01 with
respect to any series of Securities, interest on any Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities)
is registered at the close of business on the Regular Record Date for such interest. 
 Any interest on any Security of any series which is
payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having
been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (a) or (b) below: 

(a) The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Securities of such series (or their
respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the
amount of Defaulted Interest proposed to be paid on each Security of such series and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be
paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to
such Defaulted Interest as in this Clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed
payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause
notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be given to each Holder of Securities of such series in the manner set forth in Section 1.06, not less than 10 days prior to such Special Record
Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose names the Securities of such series (or their respective
Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following Clause (b). 

(b) The Company may make payment of any Defaulted Interest on the Securities of any series in any other lawful manner not inconsistent with the
requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this Clause, such
manner of payment shall be deemed practicable by the Trustee. 
 Subject to the foregoing provisions of this Section and Section 3.05,
each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 

For each series of Securities, the Company shall, prior to 10:30 a.m. (New York City time) on each payment date for principal and premium, if
any, and interest, if any, deposit with the Trustee money in immediately available funds sufficient to make cash payments due on the applicable payment date. 

SECTION 3.08 Persons Deemed Owners. 

Except as otherwise contemplated by Section 3.01 with respect to any series of Securities, prior to due presentment of a Security for
registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name such Security is registered as the owner of such Security for the purpose of receiving payment of principal of and any
premium and (subject to Sections 3.05 and 3.07) any interest on such Security and for all other purposes whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be
affected by notice to the contrary. 
 No holder of any beneficial interest in any Global Security held on its behalf by a Depositary shall
have any rights under this Indenture with respect to such Global Security, and such Depositary may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the owner of such Global Security for all

  
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purposes whatsoever. None of the Company, the Trustee nor any agent of the Company or the Trustee will have any responsibility or liability for any aspect of the records relating to or payments
made on account of beneficial ownership interests of a Global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 

SECTION 3.09 Cancellation. 

All Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall,
if surrendered to any Person other than the Trustee, be delivered to the Trustee and, if not already cancelled, shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously
authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated
hereunder which the Company has not issued and sold, and all Securities so delivered shall be promptly cancelled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section,
except as expressly permitted by this Indenture. All cancelled Securities held by the Trustee shall be disposed of in accordance with its customary practice, and upon the request of the Company, the Trustee shall deliver to the Company a certificate
with respect to such deposition. 
 SECTION 3.10 Computation of Interest. 

Except as otherwise specified as contemplated by Section 3.01 for Securities of any series, interest on the Securities of each series
shall be computed on the basis of a 360-day year of twelve 30-day months. 
 SECTION 3.11 CUSIP Numbers. 

The Company in issuing the Securities may use “CUSIP” numbers (in addition to the other identification numbers printed on the
Securities), if then in use, and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Holders; provided, however, that any such notice may state that no representation is made as to the correctness of
such “CUSIP” numbers either as printed on the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on the Securities, and any such redemption shall not be
affected by any defect in or omission of such “CUSIP” numbers. The Company will promptly notify the Trustee of any change in the “CUSIP” numbers. 

ARTICLE IV 
 SATISFACTION
AND DISCHARGE 
 SECTION 4.01 Satisfaction and Discharge of Indenture. 

This Indenture shall, upon a Company Request, cease to be of further effect with respect to Securities of any series (except as to any
surviving rights of registration of transfer or exchange of Securities herein expressly provided for), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture with
respect to such Securities, when 
 (a) either 

(1) all such Securities theretofore authenticated and delivered (other than (i) such Securities which have been destroyed,
lost or stolen and which have been replaced or paid as provided in Section 3.06 and (ii) such Securities for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid
to the Company or discharged from such trust, as provided in Section 10.03) have been cancelled or delivered to the Trustee for cancellation; or 

(2) all such Securities not theretofore cancelled or delivered to the Trustee for cancellation 

(i) have become due and payable, or 

(ii) will become due and payable at their Stated Maturity within one year, or 

(iii) are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice
of redemption by the Trustee in the name, and at the expense, of the Company, 

  
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 and the Company in the case of (i), (ii) or (iii) above, has deposited or caused to be deposited with
the Trustee as trust funds in trust for the purpose an amount of money in the currency or currency units in which such Securities are payable sufficient to pay and discharge the entire indebtedness on such Securities not theretofore cancelled or
delivered to the Trustee for cancellation, for principal and any premium and interest to the date of such deposit (in the case of such Securities which have become due and payable) or to the Stated Maturity or Redemption Date, as the case may be;

 (b) the Company has paid or caused to be paid, or otherwise made provision for the payment of, all other sums payable hereunder by the
Company with respect to such Securities; and 
 (c) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture with respect to such Securities have been complied with. 

Notwithstanding the satisfaction and discharge of this Indenture with respect to Securities of any series, the obligations of the Company to
the Trustee under Section 6.07, the obligations of the Trustee to any Authenticating Agent under Section 6.14 and the right of the Trustee to resign under Section 6.10 shall survive, and, if money shall have been deposited with the
Trustee pursuant to subclause (2) of Clause (a) of this Section, the obligations of the Trustee under Section 4.02, 6.06, 7.01 and 10.02 and the last paragraph of Section 10.03 shall survive. 

SECTION 4.02 Application of Trust Money. 

Subject to the provisions of the last paragraph of Section 10.03, all money deposited with the Trustee pursuant to Section 4.01 shall
be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may
determine, to the Persons entitled thereto, of the principal and any premium and interest for whose payment such money has been deposited with the Trustee. All money deposited with the Trustee pursuant to Section 4.01 (and held by it or any
Paying Agent) for the payment of such Securities subsequently converted into other property shall be returned to the Company upon a Company Request. The Company may direct by a Company Order the investment of any money deposited with the Trustee
pursuant to Section 4.01, without distinction between principal and income, in (1) United States Treasury Securities with a maturity of one year or less from the date of such investment or (2) a money market fund that invests solely
in short term United States Treasury Securities (including money market funds for which the Trustee or an affiliate of the Trustee serves as investment advisor, administrator, shareholder, servicing agent and/or custodian or sub-custodian,
notwithstanding that (a) the Trustee charges and collects fees and expenses from such funds for services rendered and (b) the Trustee charges and collects fees and expenses for services rendered pursuant to this Indenture at any time), and
from time to time the Company may direct the reinvestment of all or a portion of such money in other securities or funds meeting the criteria specified in Clause (1) or (2) of this Section. 

ARTICLE V 
 REMEDIES

 SECTION 5.01 Events of Default. 

“Event of Default”, wherever used herein with respect to Securities of any series, means any one of the following events
(whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or
governmental body): 
 (a) default in the payment of any interest upon any Security of that series when it becomes due and payable, and
continuance of such default for a period of 30 days (whether or not such payment is prohibited by the provisions of Article XIV); or 
 (b)
default in the payment of the principal of or any premium on any Security of that series at its Maturity (whether or not such payment is prohibited by the provisions of Article XIV); or 

(c) default in the deposit of any sinking fund payment, when and as due by the terms of a Security of that series (whether or not such payment
is prohibited by the provisions of Article XIV); or 
 (d) default in the performance, or breach, of any covenant of the Company in this
Indenture (other than a default in the performance or the breach of a covenant which is specifically dealt with elsewhere in this 

  
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Section or which has expressly been included in this Indenture solely for the benefit of series of Securities other than that series), and continuance of such default or breach for a period of 90
days after there has been given, by registered or certified mail to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of that series a written notice
specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 

(e) the entry by a court having jurisdiction in the premises of (1) a decree or order for relief in respect of the Company in an
involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or (2) a decree or order adjudging the Company bankrupt or insolvent, or approving as properly filed a petition
seeking reorganization, arrangement, adjustment or composition of or in respect of the Company under any applicable Federal or State law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of
the Company or of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order for relief or any such other decree or order unstayed and in effect for a period of 90
consecutive days; or 
 (f) the commencement by the Company of a voluntary case or proceeding under any applicable Federal or State
bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by it to the entry of a decree or order for relief in respect of the Company in an involuntary
case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or proceeding against it, or the filing by it of a petition or answer or
consent seeking reorganization, arrangement, adjustment or composition of or in respect of the Company under any applicable Federal or State law, or the consent by it to the filing of such petition or to the appointment of or taking possession by a
custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company of any substantial part of its property, or the making by it of an assignment for the benefit of creditors, or the admission by it in writing
of its inability to pay its debts generally as they become due, or the taking of corporate action by the Company in furtherance of any such action; or 

(g) any other Event of Default provided as contemplated by Section 3.01 with respect to Securities of that series. 

SECTION 5.02 Acceleration of Maturity; Rescission and Annulment. 

If an Event of Default (other than an Event of Default specified in Section 5.01(e) or 501(f)) with respect to Securities of any series at
the time Outstanding occurs and is continuing, then in every such case the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Securities of that series may declare the principal amount of all the Securities of that
series (or, if any Securities of that series are Original Issue Discount Securities, such portion of the principal amount of such Securities as may be specified by the terms thereof) to be due and payable immediately, by a notice in writing to the
Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) shall become immediately due and payable. If an Event of Default specified in Section 5.01(e) or 5.01(f) with respect to
Securities of any series at the time Outstanding occurs, the principal amount of all the Securities of that series (or, if any Securities of that series are Original Issue Discount Securities, such portion of the principal amount of such Securities
as may be specified by the terms thereof) shall automatically, and without any declaration or other action on the part of the Trustee or any Holder, become immediately due and payable. 

At any time after such a declaration of acceleration with respect to Securities of any series has been made and before a judgment or decree
for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the Outstanding Securities of that series, by written notice to the Company and the Trustee, may
rescind and annul such declaration and its consequences if 
 (a) the Company has paid or deposited with the Trustee a sum sufficient to pay
all 
 (i) overdue interest on all Securities of that series, 

(ii) the principal of (and premium, if any, on) any Securities of that series which have become due otherwise than by such
declaration of acceleration and any interest thereon at the rate or rates prescribed therefor in such Securities, 
 (iii) to
the extent that payment of such interest is lawful, interest upon overdue interest at the rate or rates prescribed therefor in such Securities, and 

  
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 (iv) all sums paid or advanced by the Trustee hereunder, the compensation to be
paid to the Trustee, and the reasonable, expenses, disbursements and advances of the Trustee, its agents and counsel; 
 and 

(b) all Events of Default with respect to Securities of that series, other than the non-payment of the principal of Securities of that series
which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 5.13. 
 No such
rescission shall affect any subsequent default or impair any right consequent thereon. 
 SECTION 5.03 Collection of Indebtedness and
Suits for Enforcement by Trustee. 
 The Company covenants that if 

(a) default is made in the payment of any interest on any Security when such interest becomes due and payable and such default continues for a
period of 30 days (whether or not such payment is prohibited by the provisions of Article XIV), or 
 (b) default is made in the payment of
the principal of (or premium, if any, on) any Security at the Maturity thereof (whether or not such payment is prohibited by the provisions of Article XIV), 

then the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the whole amount then due and payable on such
Securities for principal and any premium and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and premium and on any overdue interest, at the rate or rates prescribed therefor
in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel. 
 If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express
trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, and may prosecute such proceeding to judgment or final decree, and may enforce the same against the Company or any other obligor upon the Securities and
collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon the Securities, wherever situated. 

If an Event of Default with respect to Securities of any series occurs and is continuing, the Trustee may in its discretion proceed to protect
and enforce its rights and the rights of the Holders of Securities of such series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any
covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 

SECTION 5.04 Trustee May File Proofs of Claim. 

In case of any judicial proceeding relative to the Company (or any other obligor upon the Securities, its property or its creditors, the
Trustee (irrespective of whether the principal of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand for overdue principal or interest)
shall be entitled and empowered, by intervention in such proceeding or otherwise, to take any and all actions authorized under the Trust Indenture Act in order to have claims of the Holders and the Trustee allowed in any such proceeding. In
particular, the Trustee shall be authorized to collect and receive any moneys 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 Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee
any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 6.07. 

No provision of this Indenture shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder
any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding; provided, however, that
the Trustee may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’ or other similar committee. 

  
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 SECTION 5.05 Trustee May Enforce Claims Without Possession of Securities. 

All rights of action and claims under this Indenture and the Securities may be prosecuted and enforced by the Trustee without the possession of
any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery shall after provision for the
payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered. 

SECTION 5.06 Application of Money Collected. 

Any money or property collected or to be applied by the Trustee pursuant to this Article shall be applied in the following order, at the date
or dates fixed by the Trustee and, in case of the distribution of such money on account of principal or any premium or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender
thereof if fully paid: 
 First: To the payment of all amounts due the Trustee under Section 6.07; 

Second: Subject to Article XIV, to the payment of the amounts then due and unpaid for principal of and any premium and interest on the
Securities in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal and any premium and interest,
respectively; and 
 Third: The balance, if any, to the Company. 

SECTION 5.07 Limitation on Suits. 

No Holder of any Security of any series shall have any right to institute any proceeding, judicial or otherwise, with respect to this
Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 
 (a) such Holder has previously
given written notice to the Trustee of a continuing Event of Default with respect to the Securities of that series; 
 (b) the Holders of
not less than 25% in principal amount of the Outstanding Securities of that series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(c) such Holder or Holders have offered, and if requested, provided to the Trustee reasonable security or indemnity against the costs,
expenses and liabilities to be incurred in compliance with such request; 
 (d) the Trustee for 60 days after its receipt of such notice,
request and offer and, if requested, provision of security or indemnity has failed to institute any such proceeding; and 
 (e) no direction
inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the Outstanding Securities of that series; 

it being understood and intended that no one or more of such Holders shall have any right in any manner whatever by virtue of, or by availing of, any
provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other of such Holders or to enforce any right under this Indenture, except in the
manner herein provided and for the equal and ratable benefit of all of such Holders. 
 SECTION 5.08 Unconditional Right of Holders to
Receive Principal Premium and Interest. 
 Notwithstanding any other provision in this Indenture, the Holder of any Security shall
have the right, which is absolute and unconditional to receive payment of the principal of and any premium and (subject to Sections 3.05 and 3.07) interest on such Security on the respective Stated Maturities expressed in such Security (or, in the
case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 

  
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 SECTION 5.09 Restoration of Rights and Remedies. 

If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been
discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the Company, the Trustee and the Holders shall be restored
severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 

SECTION 5.10 Rights and Remedies Cumulative. 

Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in the last
paragraph of Section 3.06, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be
cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent
assertion or employment of any other appropriate right or remedy. 
 SECTION 5.11 Delay or Omission Not Waiver. 

No delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of Default shall
impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often
as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
 SECTION 5.12 Control by Holders. 

Subject to Section 6.03, the Holders of a majority in principal amount of the Outstanding Securities of any series shall have the right to
direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities of such series, provided that 

(1) such direction shall not be in conflict with any rule of law or with this Indenture, 

(2) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction, and 

(3) subject to the provisions of Section 6.01, the Trustee shall have the right to decline to follow any such direction if the Trustee in
good faith shall determine that the proceeding so directed would involve the Trustee in personal liability or would otherwise be contrary to applicable law. 

SECTION 5.13 Waiver of Past Defaults. 

The Holders of not less than a majority in principal amount of the Outstanding Securities of any series may on behalf of the Holders of all the
Securities of such series waive any past default hereunder with respect to such series and its consequences, except a default 
 (a) in the
payment of the principal of or any premium or interest on any Security of such series, or 
 (b) in respect of a covenant or provision
hereof which under Article IX cannot be modified or amended without the consent of the Holder of each Outstanding Security of such series affected. 

Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for
every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 

  
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 SECTION 5.14 Undertaking for Costs. 

In any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered
or omitted by it as Trustee, a court may require any party litigant in such suit to file an undertaking to pay the costs of such suit, and may assess costs against any such party litigant, in the manner and to the extent provided in the Trust
Indenture Act; provided that neither this Section nor the Trust Indenture Act shall be deemed to authorize any court to require such an undertaking or to make such an assessment in any suit instituted by the Company or the Trustee. 

SECTION 5.15 Waiver of Usury, Stay or Extension Laws. 

The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner
whatsoever claim or take the benefit or advantage of, any usury, stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Company (to the extent that
it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenant that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every
such power as though no such law had been enacted. 
 ARTICLE VI 

THE TRUSTEE 
 SECTION 6.01
Certain Duties and Responsibilities. 
 (a) Except during the continuance of an Event of Default with respect to any series of
Securities, 
 (i) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this
Indenture with respect to the Securities of such series, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(ii) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions which by any provision hereof are
specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture. 

(b) In case an Event of Default with respect to any series of Securities has occurred and is continuing, the Trustee shall exercise with
respect to the Securities of such series such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise under the circumstances in the conduct of his own
affairs. 
 (c) No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its
own negligent failure to act, or its own willful misconduct, except that 
 (i) this Subsection shall not be construed to
limit the effect of Subsection (a) of this Section; 
 (ii) the Trustee shall not be liable for any error of judgment
made in good faith by a Responsible Officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 

(iii) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance
with the direction of the Holders of a majority in principal amount of the Outstanding Securities of any Series relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or
power conferred upon the Trustee, under this Indenture with respect to the Securities of such series; and 
 (iv) no
provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights and powers, if it shall have
reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. 

  
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 (d) Whether or not therein expressly so provided, every provision of this Indenture relating to
the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section. 

SECTION 6.02 Notice of Defaults. 

Within 90 days after the later of the occurrence and the Trustee’s knowledge of the occurrence, and during the continuance, of any default
with respect to the Securities of any series which is known to the Trustee, the Trustee shall transmit, in the manner and to the extent provided in Section 313(c) of the Trust Indenture Act, notice of all uncured or unwaived such defaults;
provided, however, that, except in the case of a default in the payment of the principal of (or premium, if any) or interest on Securities of any series or in the payment of any sinking or purchase fund installment with respect to such Securities,
the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Trustee in good faith determines that the withholding of
such notice is in the interests of the Holders of Securities of such series. For the purpose of this Section, the term “default” means any event which is, or after notice or lapse of time or both would become, an Event of Default. 

SECTION 6.03 Certain Rights of Trustee. 

Subject to the provisions of Section 6.01: 

(a) the Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument,
opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties; 

(b) any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company
Order, and any resolution of the Board of Directors shall be sufficiently evidenced by a Board Resolution; 
 (c) whenever in the
administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may
require, and in the absence of bad faith on its part, rely upon an Officers’ Certificate; 
 (d) the Trustee may consult with counsel
and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 

(e) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction
of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee reasonable security or indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with
such request or direction; 
 (f) the Trustee shall not be bound to make any investigation into the facts or matters stated in any
resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may, without
obligation to do so, make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and
premises of the Company, personally or by agent or attorney; 
 (g) the Trustee may execute any of the trusts or powers hereunder or perform
any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; 

(h) the Trustee will not be liable for any action it takes or omits to take in good faith which it believes to be authorized or within its
rights or powers; 
 (i) except in connection with compliance with Section 310 or 311 of the Trust Indenture Act, the Trustee will only be
charged with knowledge of the Responsible Officers; 
 (j) the Trustee shall not be deemed to have notice or be charged with knowledge of any
Default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of such event is sent to the Trustee in accordance with the provisions hereof, and such notice references the Securities;
and 
 (k) the Trustee will not be liable for any indirect, special, consequential, punitive or exemplary damages. 

SECTION 6.04 Not Responsible for Recitals or Issuance of Securities. 

The statements contained herein and in the Securities, except the Trustee’s certificates of authentication, shall be taken as the
statements of the Company and neither the Trustee nor any Authenticating Agent assumes any 

  
 29 

 
responsibility for their correctness. Neither the Trustee nor any Authenticating Agent makes any representations as to the validity or sufficiency of this Indenture or of the Securities. Neither
the Trustee nor any Authenticating Agent shall be accountable for the use or application by the Company of Securities or the proceeds thereof. 

SECTION 6.05 May Hold Securities. 

The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other agent of the Company, in its individual or any
other capacity, may become the owner or pledgee of Securities and, subject to Sections 6.08 and 6.13, may otherwise deal with the Company with the same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security
Registrar or such other agent. 
 SECTION 6.06 Money Held in Trust. 

Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be
under no liability for interest on any money received by it hereunder except as otherwise agreed with the Company. 
 SECTION 6.07
Compensation and Reimbursement. 
 The Company agrees: 

(a) to pay to the Trustee from time to time such reasonable compensation as shall be agreed in writing between the parties for all services
rendered by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 

(b) except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements and
advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may
be attributable to its negligence or willful misconduct; and 
 (c) to indemnify the Trustee for, and to hold it harmless against, any loss,
liability or expense incurred without negligence or bad faith on its part, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the costs and expenses of defending itself against any claim
or liability in connection with the exercise or performance of any of its powers or duties hereunder. 
 The obligations of the Company
under this Section to compensate the Trustee and to pay or reimburse the Trustee for expenses, disbursements and advances shall constitute additional indebtedness hereunder. 

Without limiting any rights available to the Trustee under applicable law, when the Trustee incurs expenses or renders services in connection
with an Event of Default specified in Section 5.01(e) or Section 5.01(f), the expenses (including the reasonable charges and expenses of its counsel) and the compensation for such services are intended to constitute expenses of
administration under any applicable Bankruptcy Law. 
 The provisions of this Section shall survive the satisfaction and discharge of this
Indenture and the defeasance of the Securities. 
 SECTION 6.08 Conflicting Interests. 

If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate
such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. To the extent permitted by the Trust Indenture Act, the Trustee shall not be deemed to have a
conflicting interest by virtue of being a trustee under this Indenture with respect to Securities of more than one series. 
 SECTION 6.09
Corporate Trustee Required, Eligibility. 
 There shall at all times be one (and only one) Trustee hereunder with respect to
the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such and has a combined capital and surplus of at
least $100,000,000. If any such Person publishes reports of condition at least annually, pursuant to law or to the 

  
 30 

 
requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such
Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the
provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. 
 SECTION
6.10 Resignation and Removal, Appointment of Successor. 
 No resignation or removal of the Trustee and no appointment of a
successor Trustee pursuant to this Article shall become effective until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 6.11. 

The Trustee may resign at any time with respect to the Securities of one or more series by giving written notice thereof to the Company. If
the instrument of acceptance by a successor Trustee required by Section 6.11 shall not have been delivered to the Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent
jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 
 The Trustee may be removed at any
time with respect to the Securities of any series by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series, delivered to the Trustee and to the Company. If an instrument of acceptance by a successor
Trustee shall not have been delivered to the Trustee within 30 days after giving of such notice of removal, the removed Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee. 

If at any time: 
 (1) the Trustee
shall fail to comply with Section 6.08 after written request therefor by the Company or by any Holder who has been a bona fide Holder of a Security for at least six months, or 

(2) the Trustee shall cease to be eligible under Section 6.09 and shall fail to resign after written request therefor by the Company or by
any such Holder, or 
 (3) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the
Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 

then, in any such case, (1) the Company by a Board Resolution may remove the Trustee with respect to all Securities of which such Trustee acts as
trustee, or (2) subject to Section 5.14, any Holder who has been a bona fide Holder of a Security for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the
removal of the Trustee with respect to all Securities of which such Trustee acts as trustee and the appointment of a successor Trustee or Trustees. 

If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause,
with respect to the Securities of one or more series, the Company, by a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those series (it being understood that any such successor
Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to the Securities of any particular series) and shall comply with the applicable
requirements of Section 6.11. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall be appointed by Act of the Holders of a
majority in principal amount of the Outstanding Securities of such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance with the
applicable requirements of Section 6.11, become the successor Trustee with respect to the Securities of such series and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee with respect to the
Securities of any series shall have been so appointed by the Company or the Holders and accepted appointment in the manner required by Section 6.11, any Holder who has been a bona fide Holder of a Security of such series for at least six months
or the Trustee may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 

The Company shall give notice of each resignation and each removal of the Trustee with respect to the Securities of any series and each
appointment of a successor Trustee with respect to the Securities of any series to all Holders of Securities of such series in the manner provided in Section 1.06. Each notice shall include the name of the successor Trustee with respect to the
Securities of such series and the address of its Corporate Trust Office. 
 After the resignation or removal of the Trustee under the
Indenture, the indemnity and expense reimbursement provisions of Section 6.07 will continue in effect for the benefit of such retiring or removed Trustee and its agents and attorneys in respect of any actions taken or omitted to be taken by any of
them while the retiring or removed Trustee was acting as Trustee. 

  
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 SECTION 6.11 Acceptance of Appointment by Successor. 

In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee so appointed shall
execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any
further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges and
reimbursement of its expenses (including reasonable fees and expenses of counsel and agents), if any, to which such retiring Trustee is otherwise legally entitled, execute and deliver an instrument transferring to such successor Trustee all the
rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder. 

In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, the Company,
the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (a) shall
contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to
which the appointment of such successor Trustee relates, (b) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers,
trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (c) shall add to or change any of the
provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such
Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee; and upon the execution and delivery of
such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall become vested with all the
rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Company or any successor Trustee, such retiring
Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor Trustee
relates. 
 Upon request of any such successor Trustee, the Company shall execute any and all instruments for more fully and certainly
vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in the first or second preceding paragraph, as the case may be. 

No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible
under this Article. 
 SECTION 6.12 Merger, Conversion, Consolidation or Succession to Business. 

Any Corporate Person into which the Trustee may be merged or converted or with which it may be consolidated, or any Corporate Person resulting
from any merger, conversion or consolidation to which the Trustee shall be a party, or any Corporate Person succeeding to all or substantially all the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided
such Corporate Person shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Securities shall have been authenticated, but
not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor
Trustee had itself authenticated such Securities. 

  
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 SECTION 6.13 Preferential Collection of Claims Against Company. 

If and when the Trustee shall be or become a creditor of the Company (or any other obligor upon the Securities), the Trustee shall be subject
to the provisions of the Trust Indenture Act regarding the collection of claims against the Company (or any such other obligor). 
 SECTION
6.14 Appointment of Authenticating Agent. 
 The Trustee may appoint an Authenticating Agent or Agents with respect to one or
more series of Securities which shall be authorized to act on behalf of and subject to the direction of the Trustee to authenticate and deliver Securities of such series issued upon original issue and upon exchange, registration of transfer or
partial redemption thereof or pursuant to Section 3.06, and Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder.
Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the
Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and shall at all times be a Corporate Person organized
and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $100,000,000 and
subject to supervision or examination by Federal or State authority. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the
purposes of this Section, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time an Authenticating Agent
shall cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section. 

Any Corporate Person into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any Corporate
Person resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any Corporate Person succeeding to the corporate agency or corporate trust business of an Authenticating Agent, shall continue to
be an Authenticating Agent, provided such Corporate Person shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent. 

An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and to the Company. The Trustee may at any time
terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time such Authenticating
Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall give notice of such appointment in the manner provided in
Section 1.06 to all Holders of Securities of the series with respect to which such Authenticating Agent will serve. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers
and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section. 

Except with respect to an Authenticating Agent appointed at the request of the Company, the Trustee agrees to pay to each Authenticating Agent
from time to time reasonable compensation for its services under this Section. 
 If an appointment with respect to one or more series is
made pursuant to this Section, the Securities of such series may have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternative certificate of authentication in the following form: 

This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

  
 33 

 
					
	[Indenture Trustee], as Trustee
		
	By:	 	  

		 	as Authenticating Agent                
			
		 	By: 	 	  

		 		 	Authorized Signatory

 ARTICLE VII 

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 

SECTION 7.01 Company to Furnish Trustee Names and Addresses of Holders. 

The Company will furnish or cause to be furnished to the Trustee 

(1) semi-annually, not more than 15 days after each Regular Record Date, a list for each series of Securities, in such form as the Trustee may
reasonably require, of the names and addresses of the Holders of Securities of such series as of such Regular Record Date, and 
 (2) at
such other times as the Trustee may request in writing, within 30 days after the receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; 

provided, however, that if and so long as the Trustee shall be the Security Registrar for the Securities of a series, no such list need be
furnished with respect to such series of Securities. 
 SECTION 7.02 Preservation of Information; Communications to Holders.

 Subject to compliance with its obligations pursuant to Section 312 of the Trust Indenture Act, the Trustee (i) shall preserve,
in as current a form as is reasonably practicable, the names and addresses of Holders contained in the most recent list furnished to the Trustee as provided in Section 7.01 and the names and addresses of Holders received by the Trustee in its
capacity as Security Registrar and (ii) may destroy any list furnished to it as provided in Section 7.01 upon receipt of a new list so furnished. 

The rights of Holders to communicate with other Holders with respect to their rights under this Indenture or the Securities, and the
corresponding rights and privileges of the Trustee shall be as provided by the Trust Indenture Act. 
 Every Holder of Securities, by
receiving and holding the same, agrees with the Company and the Trustee that none of the Company, the Trustee nor any agent of any of them shall be held accountable by reason of any disclosure of information as to names and addresses of Holders made
pursuant to the Trust Indenture Act. 
 SECTION 7.03 Reports by Trustee. 

The Trustee shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be required pursuant to
the Trust Indenture Act at the times and in the manner provided pursuant thereto. As promptly as practicable after each May 15 beginning with the May 15 following the date of this Indenture and following the date on which any series of
Securities is actually issued, and in any event prior to July 15 in each year, the Trustee shall mail to each Holder a brief report dated as of May 15 that complies with Trust Indenture Act Section 313(a). The Trustee also shall
comply with Trust Indenture Act Section 313(b). Prior to delivery to the Holders, the Trustee shall deliver to the Company a copy of any report it delivers to Holders pursuant to this Section 7.03. 

A copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange upon which any
Securities are listed, with the Commission and with the Company. The Company will notify the Trustee when any Securities are listed on any stock exchange. 

SECTION 7.04 Reports by Company. 

The Company shall, so long as any of the Securities are Outstanding, file with the Trustee within 15 days after it files them with the
Commission, copies of the annual reports and the information, documents and other 

  
 34 

 
reports (or copies of such portions of any of the foregoing as the Commission may by rules and regulations prescribe) that the Company is required to file with the Commission pursuant to
Section 13 or 15(d) of the Exchange Act. If the Company is not subject to the requirements of such Section 13 or 15(d), the Company shall, so long as any of the Securities are Outstanding, file with the Trustee, within 15 days after it
would have been required to file the same with the Commission, financial statements, including any notes thereto (and with respect to annual reports, an auditor’s report by a firm of established reputation) and a “Management’s
Discussion and Analysis of Financial Condition and Results of Operations”, both comparable to that which the Company would have been required to include in such annual reports, information, documents or other reports if the Company had been
subject to the requirements of such Section 13 or 15(d). The Company will also comply with the other provisions of Section 314(a) of the Trust Indenture Act. 

Delivery of such reports, information, documents and other reports to the Trustee is for informational purposes only, and the Trustee’s
receipt of such reports, information, documents and other reports shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of
its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 
 The reports,
information, documents and other reports referred to in this Section 7.04 shall be deemed to have been filed by the Company with, and otherwise delivered by the Company to, the Trustee if the Company has filed such reports, information,
documents and other reports with the Commission using the EDGAR filing system (or any successor filing system) and such reports, information, documents and other reports are publicly available, in each case to the extent such filing with the EDGAR
system (or any successor filing system), and the foregoing effect thereof, is not prohibited by the Trust Indenture Act. 
 ARTICLE VIII

 CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 

SECTION 8.01 Company May Consolidate, Etc., Only on Certain Terms. 

The Company shall not consolidate with or merge into any other Person or convey, transfer or lease (as lessor) its properties and assets as, or
substantially as, an entirety to any Person, unless: 
 (a) in the case of a merger, the Company is the surviving Person, or (2) the
Person formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance or transfer, or which leases, the properties and assets of the Company as, or substantially as, an entirety shall be a Corporate
Person, shall be organized and validly existing under the laws of the United States of America, any State thereof or the District of Columbia and shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in
form satisfactory to the Trustee, the due and punctual payment of the principal of and any premium and interest on all the Securities and the performance or observance of every covenant of this Indenture on the part of the Company to be performed or
observed; 
 (b) immediately after giving effect to such transaction, no Event of Default, and no event which, after notice or lapse of time
or both, would become an Event of Default, shall exist; and 
 (c) the Company has delivered to the Trustee an Officers’ Certificate and
an Opinion of Counsel, each stating that such consolidation, merger, conveyance, transfer or lease and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture comply with this Article and that all
conditions precedent herein provided for relating to such transaction have been complied with. 
 SECTION 8.02 Successor Substituted.

 Upon any consolidation of the Company with, or merger of the Company into, any other Person or any conveyance, transfer or lease (as
lessor) of the properties and assets of the Company as, or substantially as, an entirety in accordance with Section 8.01, the successor Person formed by such consolidation or into which the Company is merged or to which such conveyance,
transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor Person had been named as the Company herein, and thereafter,
except in the case of a lease (where the Company is the lessor), the predecessor Person shall be relieved of all obligations and covenants under this Indenture and the Securities. 

  
 35 

 ARTICLE IX 

SUPPLEMENTAL INDENTURES 

SECTION 9.01 Supplemental Indentures Without Consent of Holders. 

Without the consent of any Holders, the Company and the Trustee, at any time and from time to time, may enter into one or more indentures
supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: 
 (a) to evidence the succession of another
Person to the Company under this Indenture and the Securities and the assumption by such successor of the obligations of the Company hereunder; 

(b) to add covenants of the Company for the benefit of the Holders of all or any series of Securities (and if such covenants are to be for the
benefit of less than all series of Securities, stating that such covenants are expressly being included solely for the benefit of such series) or to surrender any right or power herein conferred upon the Company with regard to all or any series of
Securities (and if any such surrender is to be made with regard to less than all series of Securities, stating that such surrender is expressly being made solely with regard to such series); 

(c) to add Events of Default for the benefit of the Holders of all or any series of Securities (and if such additional Events of Default are to
be for the benefit of less than all series of Securities, stating that such additional Events of Default are expressly being included solely for the benefit of such series); 

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

(e) to add to, change or eliminate any of the provisions of this Indenture in respect of one or more series of Securities (and if such
addition, change or elimination is to apply to less than all series of Securities, stating that it is expressly being made to apply solely with respect to such series), provided that any such addition, change or elimination (1) shall neither
(i) apply to any Security of any series created prior to the execution of such supplemental indenture and entitled to the benefit of such provision nor (ii) modify the rights of the Holder of any such Security with respect to such
provision or (2) shall become effective only when there is no such Security Outstanding; 
 (f) to secure the Securities or any
guarantee with respect to any Securities; 
 (g) to establish the form or terms of Securities of any series hereunder; 

(h) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or more
series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of Section 6.11; 

(i) to cure any ambiguity, to correct or supplement any provision herein which may be defective or inconsistent with any other provision
herein, or to make any other provisions with respect to matters or questions arising under this Indenture, provided that such action pursuant to this Clause (i) shall not adversely affect the interests of the Holders of any Securities in any
material respect; 
 (j) to add one or more guarantors with respect to the Securities as parties to the Indenture, or to release guarantors
in accordance with the provisions of any supplemental indenture; 
 (k) to qualify, or maintain the qualification of, this Indenture under
the Trust Indenture Act; 
 (l) to supplement any provisions of this Indenture necessary to permit or facilitate the defeasance and discharge
of any series of Securities, provided that the Company has determined that such action does not adversely affect the interests of the Holders of Securities of such series or any other series; 

(m) to comply with the rules or regulations of any securities exchange or automated quotation system on which any of the Securities may be
listed or traded; or 
 (n) to make any changes in Article XIV that would limit or terminate the benefits applicable to any holder of Senior
Indebtedness (or its Representatives) under Article XIV. 

  
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 SECTION 9.02 Supplemental Indentures with Consent of Holders. 

With the consent of the Holders of not less than a majority in aggregate principal amount of the Outstanding Securities of each series affected
by such supplemental indenture, by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized by a Board Resolution, and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of
adding any provisions to, or changing in any manner or eliminating any of the provisions of, this Indenture, or modifying in any manner the rights of the Holders of Securities of such series under this Indenture; provided, however, that no such
supplemental indenture shall, without the consent of the Holder of each Outstanding Security affected thereby, 
 (a) change the Stated
Maturity of the principal of, or any installment of principal of or interest, if any, on, any Security, or reduce the principal amount thereof or the rate of interest thereon or any premium payable upon the redemption thereof, or reduce the amount
of the principal of an Original Issue Discount Security or any other Security which would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 5.02, or change the Company’s obligation to
maintain an office or agency for payment of Securities and the other matters specified herein, or the coin or currency in which any Security is payable, or impair the right to institute suit for the enforcement of any such payment on or after the
Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date), or adversely affect any right to convert or exchange any Security into any other security, or alter the method of computation of interest, 

(b) reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is required for any
such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences) provided for in this Indenture, 

(c) modify any of the provisions of this Indenture relating to the execution of supplemental indentures with the consent of Holders of
Securities which are discussed in this Section or modify any provisions relating to the waiver by holders of Securities of past defaults and covenants, except to increase any such percentage or to provide that certain other provisions of this
Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby; provided, however, that this clause shall not be deemed to require the consent of any Holder with respect to changes in the
references to “the Trustee” and concomitant changes in this Section and Section 10.06, or the deletion of this proviso, in accordance with the requirements of Sections 6.11 and 9.01(h), or 

(d) make any change in Article XIV that adversely affects the rights of any Holder under Article XIV. 

A supplemental indenture which changes or eliminates any covenant or other provision of this Indenture which has expressly been included
solely for the benefit of one or more particular series of Securities, or which modifies the rights of the Holders of Securities of such series with respect to such covenant or other provision, shall be deemed not to affect the rights under this
Indenture of the Holders of Securities of any other series. 
 It shall not be necessary for any Act of Holders under this Section to
approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 

An amendment under this Section 9.02 may not make any change that adversely affects the rights under Article XIV of any holder of Senior
Indebtedness then outstanding unless the holders of such Senior Indebtedness (or any group or Representatives thereof authorized to give a consent) consents to such change. 

SECTION 9.03 Execution of Supplemental Indentures. 

In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby
of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 6.01) shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is
authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 

  
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 SECTION 9.04 Effect of Supplemental Indentures. 

Upon the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such
supplemental indenture shall form a part of this Indenture, for all purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 

SECTION 9.05 Conformity with Trust Indenture Act. 

Every supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act. 

SECTION 9.06 Reference in Securities to Supplemental Indentures. 

Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may bear a
notation in form acceptable to the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities of any series so modified as to conform, in the opinion of the Company, to any such
supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series. Failure to make a notation or issue a new Security shall not affect the validity
and effect of any amendment, supplement or waiver. 
 ARTICLE X 

COVENANTS 
 SECTION 10.01
Payment of Principal, Premium and Interest. 
 The Company covenants and agrees for the benefit of each series of Securities
that it will duly and punctually pay the principal of and any premium and interest on the Securities of that series in accordance with the terms of the Securities and this Indenture. 

SECTION 10.02 Maintenance of Office or Agency. 

The Company will maintain in each Place of Payment for any series of Securities an office or agency where Securities of that series may be
presented or surrendered for payment, where Securities of that series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may
be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to
furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such
presentations, surrenders, notices and demands. 
 The Company may also from time to time designate one or more other offices or agencies
where the Securities of one or more series may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the
Company of its obligation to maintain an office or agency in each Place of Payment for Securities of any series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in
the location of any such other office or agency. 
 Except as otherwise specified with respect to a series of Securities as contemplated by
Section 3.01, the Company hereby initially designates as the Place of Payment for each series of Securities [insert initial Place of Payment], and initially appoints [insert Paying Agent] as Paying Agent at its [insert a U.S. office of Paying
Agent] as the Company’s office or agency for each such purpose in such city. 
 SECTION 10.03 Money for Securities Payments to Be
Held in Trust. 
 If the Company shall at any time act as its own Paying Agent with respect to any series of Securities, it will, on
or before each due date of the principal of or any premium or interest on any of the Securities of that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and any premium and
interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of its action or failure so to act. 

  
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 Whenever the Company shall have one or more Paying Agents for any series of Securities, it will,
on or prior to each due date of the principal of or any premium or interest on any Securities of that series, deposit (or, if the Company has deposited any trust funds with a trustee pursuant to Section 13.04(a), causes such trustee to deposit)
with a Paying Agent a sum sufficient to pay such amount, such sum to be held as provided by the Trust Indenture Act, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act. 

The Company will cause each Paying Agent for any series of Securities other than the Trustee to execute and deliver to the Trustee an
instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will (1) hold all sums held by it for the payment of the principal of (and premium, if any) or interest, if
any, on Securities of that series in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided; (2) give the Trustee notice of any default by the Company (or
any other obligor upon the Securities of that series) in the making of any payment of principal (and premium, if any) or interest, if any, on the Securities of that series; and (3) during the continuance of any such default, upon the written
request of the Trustee, forthwith pay to the Trustee all sums held in trust by such Paying Agent for payment in respect of the Securities of that series. 

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

Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of or any
premium or interest on any Security of any series and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall be paid to the Company on Company Request if permitted by applicable law, or (if then
held by the Company) shall be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with
respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company
cause to be published once, in a newspaper published in the English language, customarily published on each Business Day and of general circulation in the Borough of Manhattan, The City of New York, notice that such money remains unclaimed and that,
after a date specified therein, which shall not be less than 30 days from the date of such publication, any unclaimed balance of such money then remaining will be repaid to the Company. 

SECTION 10.04 Statement by Officers as to Default. 

The Company will deliver to the Trustee, within 150 days after the end of each of its fiscal years ending after the date hereof, an
Officers’ Certificate, stating whether or not to the best knowledge of the signers thereof the Company is in default in the performance and observance of any of the terms, provisions and conditions of this Indenture (without regard to any
period of grace or requirement of notice provided hereunder) and, if the Company shall be in default, specifying all such defaults and the nature and status thereof of which they may have knowledge. 

SECTION 10.05 Existence. 

Subject to Article VIII, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its
existence, rights (charter and statutory) and franchises; provided, however, that the Company shall not be required to preserve any such right or franchise if it shall determine that the preservation thereof is no longer desirable in the conduct of
the business of the Company; provided, further, however, statutory conversion by the Company shall not be deemed to have affected its existence. 

SECTION 10.06 Waiver of Certain Covenants. 

Except as otherwise specified as contemplated by Section 3.01 for Securities of such series, the Company may, with respect to the
Securities of any series, omit in any particular instance to comply with any term, provision 

  
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or condition set forth in any covenant provided pursuant to Section 3.01(u), 9.01(b) or 9.01(f) for the benefit of the Holders of such series or in Article VIII or Section 10.05, if
before the time for such compliance the Holders of at least a majority in aggregate principal amount of the Outstanding Securities of such series shall, by Act of such Holders, either waive such compliance in such instance or generally waive
compliance with such term, provision or condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company
and the duties of the Trustee in respect of any such term, provision or condition shall remain in fall force and effect. 
 ARTICLE XI

 REDEMPTION OF SECURITIES 

SECTION 11.01 Applicability of Article. 

Securities of any series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except as
otherwise specified as contemplated by Section 3.01 for such Securities) in accordance with this Article; subject to Article XIV. 

SECTION 11.02 Election to Redeem; Notice to Trustee. 

The election of the Company to redeem any Securities shall be established in or pursuant to a Board Resolution or in another manner specified
as contemplated by Section 3.01 for such Securities. In case of any redemption at the election of the Company of less than all the Securities of any series (including any such redemption affecting only a single Security), the Company shall, not
less than 35 nor more than 60 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date, of the principal amount of Securities of such series to
be redeemed and, if applicable, of the tenor of the Securities to be redeemed. In the case of any redemption of Securities (a) prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere
in this Indenture, or (b) pursuant to an election of the Company which is subject to a condition specified in the terms of such Securities, the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such
restriction or condition. 
 SECTION 11.03 Selection by Trustee of Securities to Be Redeemed. 

If less than all the Securities of any series are to be redeemed (unless all the Securities of such series and of a specified tenor are to be
redeemed or unless such redemption affects only a single Security), the particular Securities to be redeemed shall be selected not more than 45 days prior to the Redemption Date, from the Outstanding Securities of such series not previously called
for redemption in the case of Global Securities, in accordance with the procedures of DTC and, in the case of definitive Securities, by the Trustee, by such method as the Trustee shall deem fair and appropriate and which complies with any securities
exchange or other applicable requirements for redemption of a portion of the principal amount of any Security of such series, provided that the unredeemed portion of the principal amount of any Security shall be in an authorized denomination (which
shall not be less than the minimum authorized denomination) for such Security. 
 The Trustee shall promptly notify the Company and each
Security Registrar in writing of the Securities selected for redemption as aforesaid and, in case of any Securities selected for partial redemption as aforesaid, the principal amount thereof to be redeemed. 

The provisions of the two preceding paragraphs shall not apply with respect to any redemption affecting only a single Security, whether such
Security is to be redeemed in whole or in part. In the case of any such redemption in part, the unredeemed portion of the principal amount of the Security shall be in an authorized denomination (which shall not be less than the minimum authorized
denomination) for such Security. 
 For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to
the redemption of Securities shall relate, in the case of any Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Securities which has been or is to be redeemed. 

  
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 SECTION 11.04 Notice of Redemption. 

Notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than 30 nor more than 60 days prior to the Redemption
Date (or within such period as otherwise specified as contemplated by Section 3.01 for the relevant Securities), to each Holder of Securities to be redeemed, at his address appearing in the Security Register. 

All notices of redemption shall identify the Securities to be redeemed (including CUSIP numbers, if any) and shall state: 

(a) the Redemption Date, 
 (b) the
Redemption Price (or a statement as to how the Redemption Price will be calculated), 
 (c) if less than all the Outstanding Securities of
any series consisting of more than a single Security are to be redeemed, the identification (and, in the case of partial redemption of any such Securities, the principal amounts) of the particular Securities to be redeemed and, if less than all the
Outstanding Securities of any series consisting of a single Security are to be redeemed, the principal amount of the particular Security to be redeemed, 

(d) that on the Redemption Dates, the Redemption Price will become due and payable upon each such Security to be redeemed and, if applicable,
that interest thereon will cease to accrue on and after said date, 
 (e) the place or places where each such Security is to be surrendered
for payment of the Redemption Price, and 
 (f) that the redemption is for a sinking fund, if such is the case. 

Notice of redemption of Securities to be redeemed at the election of the Company shall be given by the Company or, at the Company’s
request submitted to the Trustee at least 10 days in advance of the proposed mailing date of such notice of redemption, by the Trustee in the name and at the expense of the Company and shall be irrevocable. 

SECTION 11.05 Deposit of Redemption Price. 

On or prior to 10:30 a.m. New York City time on any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if
the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 10.03) an amount of money sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued
interest on, all the Securities which are to be redeemed on that date. 
 SECTION 11.06 Securities Payable on Redemption Date.

 Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and
payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear interest. Upon surrender of any such
Security for redemption in accordance with said notice, such Security shall be paid by the Company at the Redemption Price, together with accrued interest to the Redemption Date; provided, however, that, unless otherwise specified as contemplated by
Section 3.01, installments of interest whose Stated Maturity is on or prior to the Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business on the
relevant Record Dates according to their terms and the provisions of Section 3.07. 
 If any Security called for redemption shall not
be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Security. 

SECTION 11.07 Securities Redeemed in Part. 

Any Security which is to be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the Company or the Trustee so
requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing), and the Company shall execute, and the Trustee
shall authenticate and deliver to the Holder of such Security without service charge, a new Security or Securities of the same series and of like tenor, of any authorized denomination as requested by such Holder, in aggregate principal amount equal
to and in exchange for the unredeemed portion of the principal of the Security so surrendered. 

  
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 ARTICLE XII 

SINKING FUNDS 
 SECTION
12.01 Applicability of Article. 
 The provisions of this Article shall be applicable to any sinking fund for the retirement of
Securities of any series except as otherwise specified as contemplated by Section 3.01 for such Securities. 
 The minimum amount of
any sinking fund payment provided for by the terms of any Securities is herein referred to as a “mandatory sinking fund payment”, and any payment in excess of such minimum amount provided for by the terms of such Securities is herein
referred to as an “optional sinking fund payment”. If provided for by the terms of any Securities, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 12.02. Each sinking fund payment shall
be applied to the redemption of Securities as provided for by the terms of such Securities. 
 SECTION 12.02 Satisfaction of Sinking
Fund Payments with Securities. 
 The Company (a) may deliver Outstanding Securities of a series (other than any previously
called for redemption) and (b) may apply as a credit Securities of a series which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund
payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to any Securities of such series required to be made pursuant to the terms of such Securities as and to the
extent provided for by the terms of such Securities; provided that the Securities to be so credited have not been previously so credited. The Securities to be so credited shall be received and credited for such purpose by the Trustee at the
Redemption Price, as specified in the Securities so to be redeemed, for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. 

SECTION 12.03 Redemption of Securities for Sinking Fund. 

Not less than 45 days (or shorter period as shall be reasonably satisfactory to the Trustee) prior to each sinking fund payment date for any
Securities, the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for such Securities pursuant to the terms of such Securities, the portion thereof, if any, which is to
be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting Securities pursuant to Section 12.02 and will also deliver to the Trustee any Securities to be so delivered. Not less than 30
days prior to each such sinking fund payment date, the Securities to be redeemed upon such sinking fund payment date will be selected in the manner specified in Section 11.03 and the Trustee shall cause notice of the redemption thereof to be
given in the name of and at the expense of the Company in the manner provided in Section 11.04. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 11.06 and
11.07. 
 ARTICLE XIII 

DEFEASANCE AND COVENANT DEFEASANCE 

SECTION 13.01 Company’s Option to Effect Defeasance or Covenant Defeasance. 

The Company may elect, at its option at any time, to have Section 13.02 or Section 13.03 applied to any Securities or any series of
Securities, as the case may be, designated pursuant to Section 3.01 as being defeasible pursuant to such Section 13.02 or 13.03, in accordance with any applicable requirements provided pursuant to Section 3.01 and upon compliance with
the conditions set forth below in this Article and Article XIV. Any such election shall be evidence by a Board Resolution or in any other manner specified as contemplated by Section 3.01 for such Securities. 

SECTION 13.02 Defeasance and Discharge. 

Upon the Company’s exercise of its option (if any) to have this Section applied to any Securities or any series of Securities, as the case
may be, the Company shall be deemed to have been discharged from its obligations 

  
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with respect to such Securities as provided in this Section on and after the date the conditions set forth in Section 13.04 are satisfied (hereinafter called “Defeasance”).
For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by such Securities and to have satisfied all its other obligations under such Securities and this Indenture
insofar as such Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), subject to the following which shall survive until otherwise terminated or discharged hereunder:
(a) the rights of Holders of such Securities to receive, solely from the trust fund described in Section 13.04 and as more fully set forth in such Section, payments of principal of, and interest and any premium on, such Securities when
payments are due, (b) the Company’s obligations with respect to such Securities under Sections 3.04, 3.05, 3.06, 10.02 and 10.03, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, and the Company’s
obligations in connection therewith (including, but not limited to, Section 6.07), (d) the rights, if any, to convert or exchange the Securities of such series and (e) this Article. Subject to compliance with this Article, the Company
may exercise its option (if any) to have this Section applied to any Securities notwithstanding the prior exercise of its option (if any) to have Section 13.03 applied to such Securities. 

SECTION 13.03 Covenant Defeasance. 

Upon the Company’s exercise of its option (if any) to have this Section applied to any Securities or any series of Securities, as
the case may be, (a) the Company shall be released from its obligations under Section 7.04, Section 8.01(c), Section 10.05 and any covenants provided pursuant to Section 3.01(u), 9.01(b) or 9.01(f) for the benefit of the
Holders of such Securities and (b) the occurrence of any event specified in Sections 5.01(d) (with respect to any of Section 7.04, Section 8.01(c), Section 10.05 and any such covenants provided pursuant to Section 3.01(u),
9.01(b) or 9.01(f)) or 5.01(g) shall be deemed not to be or result in an Event of Default, in each case with respect to such Securities as provided in this Section on and after the date the conditions set forth in Section 13.04 are satisfied
(hereinafter called “Covenant Defeasance”).  
 For this purpose, such Covenant Defeasance means that, with respect
to such Securities, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such specified Section (to the extent so specified in the case of Section 5.01(d)), whether
directly or indirectly by reason of any reference elsewhere herein to any such Section or by reason of any reference in any such Section to any other provision herein or in any other document, but the remainder of this Indenture and such Securities
shall be unaffected thereby. 
 SECTION 13.04 Conditions to Defeasance or Covenant Defeasance. 

The following shall be the conditions to the application of Section 13.02 or Section 13.03 to any Securities or any series of
Securities, as the case may be: 
 (a) The Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another
trustee which satisfies the requirements contemplated by Section 6.09 and agrees to comply with the provisions of this Article applicable to it) as trust funds in trusts for the purpose of making the following payments, specifically pledged as
security for, and dedicated solely to, the benefits of the Holders of such Securities, (A) money in an amount, or (B) in the case of any series of Securities the payment on which may only be made in legal coin or currency of the United
States, U.S. Government Obligations which through the scheduled payment of principal and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment, money in an amount, or
(C) such other obligations or arrangements as may be specified as contemplated by Section 3.01 with respect to such Securities, or (D) a combination thereof, in each case sufficient to pay and discharge, and which shall be applied by
the Trustee (or any such other qualifying trustee) to pay and discharge, (1) the principal of and any premium and interest on such Securities on the respective Stated Maturities, in accordance with the terms of this Indenture and such
Securities or any Redemption Date established pursuant to clause (i) below, and (2) any mandatory sinking fund payments on the dates on which such payments are due and payable in accordance with the terms of this Indenture and such
Securities. As used herein, “U.S. Government Obligation” means (x) any security which is (i) a direct obligation of the United States of America for the payment of which the full faith and credit of the United States of America
is pledged or (ii) an obligation of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America the payment of which is unconditionally guaranteed as a full faith and credit obligation by the
United States of America, which, in either case (i) or (ii), is not callable or redeemable at the option of the issuer thereof and (y) any depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as
custodian with respect to any U.S. 

  
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Government Obligation which is specified in Clause (x) above and held by such bank for the account of the holder of such depositary receipt, or with respect to any specific payment of
principal of or interest on any U.S. Government Obligation which is so specified and held, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary
receipt from any amount received by the custodian in respect of the U.S. Government Obligation or the specific payment of principal or interest evidenced by such depositary receipt. 

(b) In the event of an election to have Section 13.02 apply to any Securities or any series of Securities, as the case may be, the Company
shall have delivered to the Trustee an Opinion of Counsel stating that (A) the Company has received from, or there has been published by, the Internal Revenue Service a ruling or (B) since the date of this Indenture, there has been a
change in the applicable Federal income tax law, in either case (A) or (B) to the effect that, and based thereon such opinion shall confirm that, the Holders of such Securities will not recognize gain or loss for Federal income tax
purposes as a result of the deposit, Defeasance and discharge to be effected with respect to such Securities and will be subject to Federal income tax on the same amount, in the same manner and at the same times as would be the case if such deposit,
Defeasance and discharge were not to occur. 
 (c) In the event of an election to have Section 13.03 apply to any Securities or any
series of Securities, as the case may be, the Company shall have delivered to the Trustee an Opinion of Counsel stating that the Holders of such Securities will not recognize gain or loss for Federal income tax purposes as a result of the deposit
and Covenant Defeasance to be effected with respect to such Securities and will be subject to Federal income tax on the same amount, in the same manner and at the same times as would be the case if such deposit and Covenant Defeasance were not to
occur. 
 (d) The Company shall have delivered to the Trustee an Officer’s Certificate stating that neither such Securities nor any
other Securities of the same series, if then listed on any securities exchange, will be delisted as a result of such deposit. 
 (e) No event
which is, or after notice or lapse of time or both would become, an Event of Default shall have occurred and be continuing at the time of such deposit (other than such event or Event of Default (if any) resulting from the incurrence of indebtedness
or the grant of Liens securing such indebtedness, all or a portion of the proceeds of which will be applied to such deposit) or, with regard to any such event specified in Sections 5.01(e) and (f), at any time on or prior to the 90th day after the
date of such deposit (it being understood that this condition shall not be deemed satisfied until after such 90th day). 
 (f) Such
Defeasance or Covenant Defeasance shall not cause the Trustee to have a conflicting interest within the meaning of the Trust Indenture Act (assuming all Securities are in default within the meaning of such Act). 

(g) Such deposit shall not result in a breach of, or constitute a default under, any material agreement or instrument (other than this
Indenture) to which the Company is a party or by which it is bound, or if such breach or default would occur, which is not waived as of, and for all purposes, on and after, the date of such deposit. 

(h) Such Defeasance or Covenant Defeasance shall not result in the trust arising from such deposit constituting an investment company within
the meaning of the Investment Company Act unless such trust shall be registered under such Act or exempt from registration thereunder. 
 (i)
If the Securities are to be redeemed prior to Stated Maturity (other than from mandatory sinking fund payments or analogous payments), notice of such redemption shall have been duly given pursuant to this Indenture or provision therefor satisfactory
to the Trustee shall have been made. 
 (j) The Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of
Counsel, each stating that all conditions precedent with respect to such Defeasance or Covenant Defeasance have been complied with. 

SECTION 13.05 Deposited Money and U.S. Government obligations to Be Held in Trust; Miscellaneous Provisions. 

Subject to the provisions of the last paragraph of Section 10.03, all money and U.S. Government Obligations (including the proceeds
thereof) deposited with the Trustee or other qualifying trustee (solely for purposes of this Section and Section 13.06, the Trustee and any such other trustee are referred to collectively as the “Trustee”) pursuant to
Section 13.04 in respect of any Securities shall be held in trust and applied by the Trustee, in  

  
 44 

 
accordance with the provisions of such Securities and this Indenture, to the payment, either directly or through any such Paying Agent (including the Company acting as its own Paying Agent) as
the Trustee may determine, to the Holders of such Securities, of all sums, due and to become due thereon in respect of principal and any premium and interest, but money so held in trust need not be segregated from other funds except to the extent
required by law. 
 The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the
U.S. Government Obligations deposited pursuant to Section 13.04 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of Outstanding Securities.

 Anything in this Article to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon Company
Request any money or U.S. Government Obligations held by it as provided in Section 13.04 with respect to any Securities which are in excess of the amount thereof which would then be required to be deposited to effect the Defeasance or Covenant
Defeasance, as the case may be, with respect to such Securities. 
 SECTION 13.06 Reinstatement. 

If the Trustee or the Paying Agent is unable to apply any money in accordance with this Article with respect to any Securities by reason of any
order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the obligations under this Indenture, such Securities from which the Company has been discharged or released pursuant to
Section 13.02 or 13.03 shall be revived and reinstated as though no deposit had occurred pursuant to this Article with respect to such Securities, until such time as the Trustee or Paying Agent is permitted to apply all money held in trust
pursuant to Section 13.05 with respect to such Securities in accordance with this Article; provided, however, that if the Company makes any payment of principal of or any premium or interest on any such Security following such reinstatement of
its obligations, the Company shall be subrogated to the rights (if any) of the Holders of such Securities to receive such payment from the money so held in trust. 

ARTICLE XIV 

SUBORDINATION 
 SECTION
14.01 Applicability of Article; Agreement to Subordinate. 
 The provisions of this Article XIV shall only be applicable
to the Securities of any series (Securities of such series referred to in this Article XIV as “Subordinated Securities”) designated, pursuant to Section 3.01, as subordinated to Senior Indebtedness. Each Holder by accepting a
Subordinated Security agrees that the Debt evidenced by such Subordinated Security is subordinated in right of payment, to the extent and in the manner provided in this Article XIV, to the prior payment of all Senior Indebtedness and that the
subordination is for the benefit of and enforceable by the holders of Senior Indebtedness. All provisions of this Article XIV shall be subject to Section 14.12.  

SECTION 14.02 Liquidation, Dissolution, Bankruptcy. 

Upon any payment or distribution of the assets of the Company to creditors upon a total or partial liquidation or a total or partial
dissolution of the Company or in a bankruptcy, reorganization, insolvency, receivership or similar proceeding relating to the Company or its property: 

(a) holders of Senior Indebtedness of the Company shall be entitled to receive payment in full in cash of such Senior Indebtedness (including
interest (if any), accruing on or after the commencement of such a proceeding, whether or not allowed as a claim against the Company in such proceeding) before Holders of Subordinated Securities shall be entitled to receive any payment of principal
of, or premium, if any, or interest on, the Subordinated Securities from the Company; and 
 (b) until the Senior Indebtedness of the Company
is paid in full, any distribution to which Holders of Subordinated Securities would be entitled but for this Article XIV shall be made to holders of Senior Indebtedness of the Company as their interests may appear, except that such Holders may
receive Capital Stock and any debt securities that are subordinated to Senior Indebtedness of the Company to at least the same extent as the Subordinated Securities of the Company. 

  
 45 

 SECTION 14.03 Default on Senior Indebtedness. 

The Company may not pay the principal of, or premium, if any, or interest on, the Subordinated Securities or make any deposit in trust
under Article IV or XIII and may not repurchase, redeem or otherwise retire (except, in the case of Subordinated Securities that provide for a mandatory sinking fund pursuant to Article XII by the delivery of Subordinated Securities by the Company
to the Trustee pursuant to Section 12.03) any Securities (collectively, “pay the Subordinated Securities”) if any principal, premium or interest or other amount payable in respect of Senior Indebtedness is not paid within any
applicable grace period (including at maturity) or any other default on Senior Indebtedness occurs and the maturity of such Senior Indebtedness is accelerated in accordance with its terms unless, in either case, the default has been cured or waived
and any such acceleration has been rescinded or such Senior Indebtedness has been paid in full in cash; provided, however, that the Company may make payments on the Subordinated Securities without regard to the foregoing if the Company and the
Trustee receive written notice approving such payment from the Representative of each issue of Designated Senior Indebtedness. During the continuance of any default (other than a default described in the preceding sentence) with respect to any
Senior Indebtedness pursuant to which the maturity thereof may be accelerated immediately without further notice (except such notice as may be required to effect such acceleration) or the expiration of any applicable grace periods, the Company may
not make payments on the Subordinated Securities for a period (a “Payment Blockage Period”) commencing upon the receipt by the Company and the Trustee of written notice of such default from the Representative of any Designated
Senior Indebtedness specifying an election to effect a Payment Blockage Period (a “Blockage Notice”) and ending 179 days thereafter (or earlier if such Payment Blockage Period is terminated by written notice to the Trustee and the
Company from the Person or Persons who gave such Blockage Notice, by repayment in full in cash of such Designated Senior Indebtedness or because the default giving rise to such Blockage Notice is no longer continuing). Notwithstanding the provisions
described in the immediately preceding sentence (but subject to the provisions contained in the first sentence of this Section 14.03), unless the holders of such Designated Senior Indebtedness or the Representative of such holders shall have
accelerated the maturity of such Designated Senior Indebtedness, the Company may resume payments on the Subordinated Securities after such Payment Blockage Period. Not more than one Blockage Notice may be given in any consecutive 360-day period,
irrespective of the number of defaults with respect to any number of issues of Senior Indebtedness during such period. For purposes of this Section 14.03, no default or event of default that existed or was continuing on the date of the
commencement of any Payment Blockage Period with respect to the Senior Indebtedness initiating such Payment Blockage Period shall be, or be made, the basis of the commencement of a subsequent Payment Blockage Period by the Representative of such
Senior Indebtedness, whether or not within a period of 360 consecutive days, unless such default or event of default shall have been cured or waived for a period of not less than 90 consecutive days.  

SECTION 14.04 Acceleration of Payment of Debt Securities. 

If payment of the Subordinated Securities is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the
holders of the Designated Senior Indebtedness (or their Representatives) of the acceleration. 
 SECTION 14.05 When Distribution Must
Be Paid Over. 
 If a distribution is made to Holders of Subordinated Securities that because of this Article XIV should not have
been made to them, the Holders who receive such distribution shall hold it in trust for holders of Senior Indebtedness and pay it over to them as their interests may appear. 

SECTION 14.06 Subrogation. 

After all Senior Indebtedness is paid in full and until the Subordinated Securities are paid in full, Holders thereof shall be subrogated to
the rights of holders of Senior Indebtedness to receive distributions applicable to Senior Indebtedness. A distribution made under this Article XIV to holders of Senior Indebtedness that otherwise would have been made to Holders of Subordinated
Securities is not, as between the Company and such Holders, a payment by the Company on Senior Indebtedness. 

  
 46 

 SECTION 14.07 Relative Rights. 

This Article XIV defines the relative rights of Holders of Subordinated Securities and holders of Senior Indebtedness. Nothing in this
Indenture shall: 
 (a) impair, as between the Company and Holders of Subordinated Securities, the obligation of the Company, which is
absolute and unconditional, to pay principal of, and premium, if any, and interest on the Subordinated Securities in accordance with their terms; or 

(b) prevent the Trustee or any Holder of Securities from exercising its respective available remedies upon an Event of Default, subject to the
rights of holders of Senior Indebtedness to receive distributions otherwise payable to Holders of Securities. 
 SECTION 14.08
Subordination May Not Be Impaired by Company. 
 No right of any holder of Senior Indebtedness to enforce the subordination of
the indebtedness evidenced by the Subordinated Securities shall be impaired by any act or failure to act by the Company or by its failure to comply with this Indenture. 

SECTION 14.09 Rights of Trustee and Paying Agent. 

Notwithstanding Section 14.03, the Trustee or any Paying Agent may continue to make payments on Subordinated Securities and shall not be
charged with knowledge of the existence of facts that would prohibit the making of any such payments unless, not less than two Business Days prior to the date of such payment, a Officer receives notice satisfactory to it that payments may not be
made under this Article XIV. The Company, the Registrar, any Paying Agent, a Representative or a holder of Senior Indebtedness may give the notice; provided, however, that, if an issue of Senior Indebtedness has a Representative, only the
Representative may give the notice. 
 The Trustee in its individual or any other capacity may hold Senior Indebtedness with the same rights
it would have if it were not Trustee. The Registrar and any Paying Agent may do the same with like rights. The Trustee shall be entitled to all the rights set forth in this Article XIV with respect to any Senior Indebtedness that may at any time be
held by it, to the same extent as any other holder of Senior Indebtedness; and nothing in Article VI shall deprive the Trustee of any of its rights as such holder. Nothing in this Article XIV shall apply to claims of, or payments to, the Trustee
under or pursuant to Section 6.07. 
 SECTION 14.10 Distribution or Notice to Representative. 

Whenever a distribution is to be made or a notice given to holders of Senior Indebtedness, the distribution may be made and the notice given to
their Representative (if any). 
 SECTION 14.11 Article XIV Not to Prevent Defaults or Limit Right to Accelerate. 

The failure to make a payment pursuant to the Securities by reason of any provision in this Article XIV shall not be construed as preventing
the occurrence of a Default. Nothing in this Article XIV shall have any effect on the right of the Holders or the Trustee to accelerate the maturity of the Subordinated Securities. 

SECTION 14.12 Trust Moneys Not Subordinated. 

Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust
under Article IV or XIII by the Trustee for the payment of principal of, and premium, if any, and interest on, the Subordinated Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set
forth in this Article XIV, and none of the Holders thereof shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness or any other creditor of the Company. 

SECTION 14.13 Trustee Entitled to Rely. 

Upon any payment or distribution pursuant to this Article XIV, the Trustee and the Holders shall be entitled to rely upon any order or decree
of a court of competent jurisdiction in which any proceedings of the nature referred to in Section 14.02 are pending, upon a certificate of the liquidating trustee or agent or other Person making such

  
 47 

 
payment or distribution to the Trustee or to such Holders or upon the Representatives for the holders of Senior Indebtedness for the purpose of ascertaining the Persons entitled to participate in
such payment or distribution, the holders of the Senior Indebtedness and other Debt of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article
XIV. In the event that the Trustee determines, in good faith, that evidence is required with respect to the right of any Person as a holder of Senior Indebtedness to participate in any payment or distribution pursuant to this Article XIV, the
Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior Indebtedness held by such Person, the extent to which such Person is entitled to participate in such payment or distribution
and other facts pertinent to the rights of such Person under this Article XIV, and, if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial determination as to the right of such Person to receive such
payment. The provisions of Sections 6.01 and 6.03 shall be applicable to all actions or omissions of actions by the Trustee pursuant to this Article XIV. 

SECTION 14.14 Trustee to Effectuate Subordination. 

Each Holder by accepting a Subordinated Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or
appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Securities and the holders of Senior Indebtedness as provided in this Article XIV and appoints the Trustee as attorney-in-fact for any and all such
purposes. 
 SECTION 14.15 Trustee Not Fiduciary for Holders of Senior Indebtedness. 

The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and shall not be liable to any such holders if
it shall mistakenly pay over or distribute to Holders of Subordinated Securities or the Company or any other Person, money or assets to which any holders of Senior Indebtedness shall be entitled by virtue of this Article XIV or otherwise. 

SECTION 14.16 Reliance by Holders of Senior Indebtedness on Subordination Provisions. 

Each Holder by accepting a Subordinated Security acknowledges and agrees that the foregoing subordination provisions are, and are intended to
be, an inducement and a consideration to each holder of any Senior Indebtedness, whether such Senior Indebtedness was created or acquired before or after the issuance of the Securities, to acquire and continue to hold, or to continue to hold, such
Senior Indebtedness and such holder of Senior Indebtedness shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Indebtedness. 

[signature pages follow] 

  
 48 

 This instrument may be executed in any number of counterparts, and by each party hereto on
separate counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 

IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed all as of the day and year first above written. 

 

			
	REX ENERGY CORPORATION
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	 [TRUSTEE],
 as Trustee

		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 49EX-10.1

 Exhibit 10.1 

CONFIDENTIAL TREATMENT REQUESTED 

INFORMATION FOR WHICH CONFIDENTIAL TREATMENT HAS 

BEEN REQUESTED IS OMITTED AND NOTED WITH 

“****”. 
 AN
UNREDACTED VERSION OF THIS DOCUMENT 
 HAS ALSO BEEN PROVIDED TO THE 

SECURITIES AND EXCHANGE COMMISSION. 
  

 
  

$300,000,000 
 CREDIT AGREEMENT

 dated as of March 27, 2013 

among 
 SIRVA WORLDWIDE, INC.,

 as Borrower, 
 SIRVA, INC.,

 as Holdings, 
 THE LENDERS
FROM TIME TO TIME PARTY HERETO, 
 and 

GOLDMAN SACHS BANK USA, 
 as
Administrative Agent and Collateral Agent 
  
  

 
 GOLDMAN SACHS BANK USA and WELLS FARGO
SECURITIES, LLC, 
 as Joint Lead Arrangers and Joint Bookrunners 

and 
 WELLS FARGO BANK, N.A., 

as Syndication Agent 

 Table of Contents 

 

					
	 	  	Page	 
	 SECTION 1. DEFINITIONS
	  	 	1	  
		
	 1.1 Defined Terms
	  	 	1	  
	 1.2 Other Definitional Provisions
	  	 	31	  
		
	 SECTION 2. AMOUNT AND TERMS OF COMMITMENTS
	  	 	32	  
		
	 2.1 Loans
	  	 	32	  
	 2.2 Notes
	  	 	32	  
	 2.3 Procedure for Loan Borrowing
	  	 	33	  
	 2.4 Repayment of Loans
	  	 	33	  
		
	 SECTION 3. GENERAL PROVISIONS APPLICABLE TO LOANS
	  	 	34	  
		
	 3.1 Interest Rates and Payment Dates
	  	 	34	  
	 3.2 Conversion and Continuation Options
	  	 	35	  
	 3.3 Minimum Amounts of Sets
	  	 	36	  
	 3.4 Optional and Mandatory Prepayments
	  	 	36	  
	 3.5 Computation of Interest and Fees
	  	 	41	  
	 3.6 Inability to Determine Interest Rate
	  	 	42	  
	 3.7 Pro Rata Treatment and Payments
	  	 	42	  
	 3.8 Illegality
	  	 	42	  
	 3.9 Requirements of Law
	  	 	43	  
	 3.10 Taxes
	  	 	45	  
	 3.11 Indemnity
	  	 	50	  
	 3.12 Certain Rules Relating to the Payment of Additional Amounts
	  	 	51	  
	 3.13 Fees
	  	 	52	  
		
	 SECTION 4. REPRESENTATIONS AND WARRANTIES
	  	 	53	  
		
	 4.1 Financial Condition
	  	 	53	  
	 4.2 No Change; Solvent
	  	 	53	  
	 4.3 Corporate Existence; Compliance with Law
	  	 	53	  
	 4.4 Corporate Power; Authorization; Enforceable Obligations
	  	 	54	  
	 4.5 No Legal Bar
	  	 	54	  
	 4.6 No Material Litigation
	  	 	55	  
	 4.7 No Default
	  	 	55	  
	 4.8 Ownership of Property; Liens
	  	 	55	  
	 4.9 Intellectual Property
	  	 	55	  
	 4.10 Taxes
	  	 	56	  
	 4.11 Federal Regulations
	  	 	56	  
	 4.12 ERISA
	  	 	56	  
	 4.13 Collateral
	  	 	56	  
	 4.14 Investment Company Act; Other Regulations
	  	 	57	  
	 4.15 Subsidiaries
	  	 	57	  
	 4.16 Environmental Matters
	  	 	57	  

  
 i 

					
	 4.17 No Material Misstatements
	  	 	58	  
	 4.18 Labor Matters
	  	 	59	  
	 4.19 Insurance
	  	 	59	  
	 4.20 Anti-Corruption Laws and PATRIOT Act
	  	 	59	  
	 4.21 Compliance with OFAC Rules and Regulations
	  	 	59	  
		
	 SECTION 5. CONDITIONS PRECEDENT
	  	 	59	  
		
	 SECTION 6. AFFIRMATIVE COVENANTS
	  	 	63	  
		
	 6.1 Financial Statements
	  	 	63	  
	 6.2 Certificates, Other Information. Furnish to the Administrative Agent
	  	 	65	  
	 6.3 Payment of Obligations
	  	 	66	  
	 6.4 Conduct of Business and Maintenance of Existence
	  	 	66	  
	 6.5 Maintenance of Property; Insurance
	  	 	66	  
	 6.6 Inspection of Property; Books and Records; Discussions
	  	 	67	  
	 6.7 Notices
	  	 	67	  
	 6.8 Environmental Laws
	  	 	69	  
	 6.9 After Acquired Real Property and Fixtures
	  	 	69	  
	 6.10 Acquired Subsidiaries; Further Security and Guarantees
	  	 	70	  
	 6.11 Employee Relocation Business Entity
	  	 	71	  
	 6.12 Lenders’ Meetings and Conference Calls
	  	 	72	  
	 6.13 Maintenance of Ratings
	  	 	72	  
	 6.14 Compliance with Laws
	  	 	72	  
	 6.15 Flood Zone
	  	 	72	  
	 6.16 Certain Post-Closing Obligations
	  	 	72	  
	 6.17 Subordination
	  	 	72	  
		
	 SECTION 7. NEGATIVE COVENANTS
	  	 	72	  
		
	 7.1 Financial Condition Covenants
	  	 	72	  
	 7.2 Limitation on Indebtedness
	  	 	73	  
	 7.3 Limitation on Liens
	  	 	77	  
	 7.4 Limitation on Guarantee Obligations
	  	 	79	  
	 7.5 Limitation on Fundamental Changes
	  	 	81	  
	 7.6 Limitation on Sale of Assets
	  	 	81	  
	 7.7 Limitation on Loans and Dividends to Holdings
	  	 	83	  
	 7.8 Limitation on Capital Expenditures
	  	 	85	  
	 7.9 Limitation on Investments, Loans and Advances
	  	 	85	  
	 7.10 Limitations on Certain Acquisitions
	  	 	88	  
	 7.11 Limitation on Transactions with Affiliates
	  	 	89	  
	 7.12 Limitation on Sales and Leasebacks
	  	 	90	  
	 7.13 Limitations on Dispositions of Collateral
	  	 	90	  
	 7.14 Limitation on Changes in Fiscal Year
	  	 	91	  
	 7.15 Limitation on Lines of Business; Creation of Subsidiaries
	  	 	91	  
	 7.16 Limitation on Modifications of Tax Sharing Agreement
	  	 	91	  
	 7.17 Use of Proceeds
	  	 	91	  
	 7.18 Covenants of Holdings
	  	 	91	  
	 7.19 Limitation on Negative Pledge Clauses
	  	 	93	  

  
 ii 

					
	 7.20 Clauses Restricting Subsidiary Distributions
	  	 	93	  
	 7.21 Modifications of Organizational Documents
	  	 	94	  
	 7.22 **** Receivables Debt
	  	 	94	  
		
	 SECTION 8. EVENTS OF DEFAULT
	  	 	94	  
		
	 8.1 Events of Default
	  	 	94	  
	 8.2 Right to Cure
	  	 	97	  
		
	 SECTION 9. AGENTS
	  	 	98	  
		
	 9.1 Appointment of Agents
	  	 	98	  
	 9.2 Powers and Duties
	  	 	98	  
	 9.3 General Immunity
	  	 	99	  
	 9.4 Agents Entitled to Act as Lender
	  	 	101	  
	 9.5 Lenders’ Representations, Warranties and Acknowledgment
	  	 	101	  
	 9.6 Right to Indemnity
	  	 	101	  
	 9.7 Successor Administrative Agent and Collateral Agent
	  	 	102	  
	 9.8 Security Documents and Guarantee
	  	 	103	  
	 9.9 Withholding Taxes
	  	 	105	  
	 9.10 Administrative Agent May File Proofs of Claim
	  	 	105	  
		
	 SECTION 10. MISCELLANEOUS
	  	 	105	  
		
	 10.1 Amendments and Waivers
	  	 	105	  
	 10.2 Notices
	  	 	108	  
	 10.3 No Waiver; Cumulative Remedies
	  	 	110	  
	 10.4 Survival of Representations and Warranties and Agreements
	  	 	111	  
	 10.5 Expenses
	  	 	111	  
	 10.6 Indemnity
	  	 	112	  
	 10.7 Successors and Assigns
	  	 	113	  
	 10.8 Adjustments; Set-off
	  	 	118	  
	 10.9 Counterparts
	  	 	119	  
	 10.10 Severability
	  	 	119	  
	 10.11 Integration
	  	 	119	  
	 10.12 GOVERNING LAW
	  	 	119	  
	 10.13 Submission to Jurisdiction; Waivers
	  	 	120	  
	 10.14 WAIVER OF JURY TRIAL
	  	 	121	  
	 10.15 Confidentiality
	  	 	121	  
	 10.16 Purchasing Borrower Parties
	  	 	122	  
	 10.17 PATRIOT Act
	  	 	122	  

  
 iii 

 SCHEDULES 
  

			
	A	  	Notices
	4.4	  	Required Consents
	4.8	  	Real Property
	4.9	  	Intellectual Property Claims
	4.15	  	Subsidiaries
	5(d)	  	Lien Searches
	5(g)	  	Filing Jurisdictions
	6.16	  	Post-Closing Obligations
	7.2(f)	  	Permitted Indebtedness
	7.3(j)	  	Permitted Liens
	7.4(a)	  	Permitted Guarantee Obligations
	7.9(c)	  	Permitted Investments
	7.11(iv)	  	Permitted Transactions with Affiliates

 EXHIBITS 
  

			
	A	  	Form of Note
	B	  	Form of U.S. Tax Compliance Certificate
	C	  	Form of Assignment and Assumption
	D-1	  	Form of Borrowing Notice
	D-2	  	Form of Conversion/Continuation Notice
	E	  	Form of Closing Certificate
	F	  	Form of Discounted Prepayment Option Notice
	G	  	Form of Lender Participation Notice
	H	  	Form of Discounted Voluntary Prepayment Notice
	I	  	Form of Compliance Certificate

 APPENDICES 
  

			
	A	  	Commitments
	B	  	Competitors

  
 iv 

 CREDIT AGREEMENT (this “Agreement”), dated as of March 27, 2013, among
SIRVA WORLDWIDE, INC., a Delaware corporation (the “Borrower”), SIRVA, INC., a Delaware corporation (“Holdings”), the lenders from time to time party hereto (the “Lenders”) and GOLDMAN SACHS BANK
USA, as administrative agent for the Lenders (in such capacity, the “Administrative Agent”) and collateral agent for the Secured Parties (as defined below) (in such capacity, the “Collateral Agent”). 

INTRODUCTORY STATEMENT 

The Borrower has requested that the Lenders provide a term loan facility and the Lenders have indicated their willingness to lend on the terms
and subject to the conditions set forth herein. 
 In consideration of the mutual covenants and agreements herein contained, the parties
hereto covenant and agree as follows: 
 SECTION 1. DEFINITIONS 

1.1 Defined Terms. As used in this Agreement, the following terms shall have the following meanings: 

“ABL Agent”: the “Administrative Agent” under (and as defined in) the ABL Credit Agreement. 

“ABL Collateral Documents”: the security agreements, the mortgages and each of the other agreements, instruments or documents
that create or purport to create a Lien in favor of the ABL Agent for the benefit of the ABL Lenders. 
 “ABL Credit
Agreement”: that certain Credit Agreement, dated as of the date hereof, among, among others, the Borrower, Holdings, the ABL Lenders and the ABL Agent, as amended, restated, refinanced, refunded, renewed, extended, supplemented or otherwise
modified from time to time. 
 “ABL Lenders”: the “Lenders” under (and as defined in) the ABL Credit Agreement.

 “ABL Obligations”: the “Obligations” under (and as defined in) the ABL Credit Agreement. 

“ABR”: for any day, a rate per annum equal to the greater of (a) the Federal Funds Effective Rate in effect on such day
plus 1/2 of 1%, (b) the rate of interest in effect for such day as (i) quoted in the print edition of The Wall Street Journal, Money Rates Section as the “prime rate” (currently defined as the base rate on corporate loans
posted by at least 75% of the nation’s thirty (30) largest banks), as in effect from time to time, or (ii) as established from time to time by the Administrative Agent as its “prime rate” at its principal U.S. office, and
(c) the Eurodollar Rate that would be payable on such day for a Eurodollar Loan with a one-month Interest Period plus 1.00%. The “prime rate” is a rate set by the Administrative Agent based upon various factors including the
Administrative Agent’s costs and desired return, general 

  
 1 

 economic conditions and other factors, and is used as a reference point for pricing some loans, which may be
priced at, above, or below such announced rate, and does not necessarily represent the lowest or best rate actually charged to any customer. Any change in ABR due to a change in the Federal Funds Effective Rate or such “prime rate”
established by the Administrative Agent shall be effective as of the opening of business on the effective day of such change in the Federal Funds Effective Rate or “prime rate”, as the case may be. The Administrative Agent or any other
Lender may make commercial loans or other loans at rates of interest at, above or below the “prime rate”. 
 “ABR
Loans”: Loans the rate of interest applicable to which is based upon the ABR. 
 “Acceleration”: as defined in
subsection 8.1(e). 
 “Acceptable Price”: as defined in subsection 3.4(f)(iii). 

“Acceptance Date”: as defined in subsection 3.4(f)(ii). 

“Accepting Lenders”: as defined in subsection 10.1(c). 

“Accounts”: as defined in the Uniform Commercial Code as in effect in the State of New York from time to time; and, with
respect to the Borrower and its Subsidiaries, all such Accounts of such Persons, whether now existing or existing in the future, including, without limitation, (a) all accounts receivable of such Person (whether or not specifically listed on
schedules furnished to the Administrative Agent), including, without limitation, all accounts created by or arising from all of such Person’s sales of goods or rendition of services made under any of its trade names, or through any of its
divisions, (b) all unpaid rights of such Person (including rescission, replevin, reclamation and stopping in transit) relating to the foregoing or arising therefrom, (c) all rights to any goods represented by any of the foregoing,
including, without limitation, returned or repossessed goods, (d) all reserves and credit balances held by such Person with respect to any such accounts receivable of any obligors, (e) all letters of credit, guarantees or collateral for
any of the foregoing and (f) all insurance policies or rights relating to any of the foregoing. 
 “Administrative
Agent”: as defined in the preamble hereto. 
 “Administrative Questionnaire”: an Administrative Questionnaire in a
form supplied by the Administrative Agent. 
 “Affiliate”: as to any Person, any other Person (other than a Subsidiary)
which, directly or indirectly, is in control of, is controlled by, or is under common control with, such Person. For purposes of this definition, “control” of a Person means the power, directly or indirectly, to direct or cause the
direction of the management and policies of such Person, whether by contract or otherwise. 
 “Affiliated Lender”: a Lender
that is a Sponsor or an Affiliate of the Sponsor (other than the Borrower and its Subsidiaries). 

  
 2 

 “Agent”: each of the Administrative Agent and the Collateral Agent.
“Agent Affiliate”: as defined in subsection 10.2(b)(iii). 
 “Agreement”: this Credit Agreement, as
amended, restated, supplemented or otherwise modified from time to time. 
 “Alternative Financing”: an alternative
Relocation SPV Financing or other source of liquidity, in each case, replacing the Securitization. 
 “Anti-Corruption
Laws”: as defined in subsection 4.20. 
 “Applicable Discount”: as defined in subsection 3.4(f)(iii). 

“Applicable Margin”: (a) with respect to Eurodollar Loans, 6.25% per annum and (b) with respect to ABR Loans,
5.25% per annum. 
 “Applicable Reserve Requirement”: at any time, for any Eurodollar Loan, the maximum rate,
expressed as a decimal, at which reserves (including any basic marginal, special, supplemental, emergency or other reserves) are required to be maintained with respect thereto against “Eurocurrency liabilities” (as such term is defined in
Regulation D) under regulations issued from time to time by the Board or other applicable banking regulator. Without limiting the effect of the foregoing, the Applicable Reserve Requirement shall reflect any other reserves required to be maintained
by such member banks with respect to (i) any category of liabilities which includes deposits by reference to which the applicable Eurodollar Rate or any other interest rate of a Loan is to be determined, or (ii) any category of extensions
of credit or other assets which include Eurodollar Loans. A Eurodollar Loan shall be deemed to constitute Eurocurrency liabilities and as such shall be deemed subject to reserve requirements without benefits of credit for proration, exceptions or
offsets that may be available from time to time to the applicable Lender. The rate of interest on Eurodollar Loans shall be adjusted automatically on and as of the effective date of any change in the Applicable Reserve Requirement. 

“Approved Electronic Communications”: any notice, demand, communication, information, document or other material that any
Loan Party provides to the Administrative Agent pursuant to any Loan Document or the transactions contemplated therein which is distributed to Agents or to Lenders by means of electronic communications pursuant to subsection 10.2(b). 

“Approved Fund”: any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or
(c) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Asset Sale”: any sale, issuance,
conveyance, transfer, lease or other disposition (including, without limitation, through a Sale and Leaseback Transaction) (a “Disposition”) by the Borrower or any of its Subsidiaries, in one or a series of related transactions, of
any real or personal, tangible or intangible, property (including, without limitation, Capital Stock) of the Borrower or such Subsidiary to any Person (other than to the Borrower or any of its Wholly Owned Subsidiaries) which yields gross proceeds
to the Borrower or any of its Subsidiaries (valued at the initial principal amount thereof in the case of non-cash proceeds consisting of notes or other debt securities and valued at Fair Market Value in the case of other non-cash proceeds) in
excess of $1,000,000. 

  
 3 

 “Assignee Group”: two or more Eligible Assignees that are Affiliates of one
another or two or more Approved Funds managed by the same investment advisor. 
 “Assignment and Assumption”: an Assignment
and Assumption, substantially in the form of Exhibit C. 
 “Assumed Indebtedness”: as defined in subsection 7.2(i). 

“Aurora”: Commercial Finance Services 1107, LLC and any Affiliates thereof. 

“Available Amount”: the sum of the aggregate cumulative amount, not less than zero, of (a) Excess Cash Flow, commencing
with the fiscal year ending December 31, 2013, that is not required to be applied to the prepayment of the Loans pursuant to subsection 3.4(c) without, for purposes of this clause (a), giving effect to the deduction for optional prepayments
pursuant to subsection 3.4(c)(ii), plus (b) the Net Cash Proceeds or Fair Market Value received after the Closing Date from the issuance and sale of Capital Stock (other than Disqualified Stock) or other cash contributions to the capital
of the Borrower or assets or property contributed to the Borrower, plus (c) an amount equal to any returns in cash and cash equivalents (including dividends, interest, distributions, returns of principal, sale proceeds, repayments,
income and similar amounts) actually received by the Borrower or any Subsidiary in respect of any Investments pursuant to subsection 7.9(q); provided that in no case shall such amount exceed the amount of such Investment made using the
Available Amount pursuant to subsection 7.9(q), minus (d) the sum of the aggregate amount of (i) Investments made after the Closing Date using the Available Amount pursuant to subsection 7.9(q), (ii) loans, advances and cash
dividends made after the Closing Date using the Available Amount pursuant to subsection 7.7(i), (iii) any Capital Expenditures made using the Available Amount after the Closing Date pursuant to subsection 7.8, and (iv) any permitted
acquisitions made using the Available Amount after the Closing Date subject to subsection 7.10(c)(ii). 
 “Bankruptcy
Code”: the Bankruptcy Reform Act of 1978, as heretofore and hereafter amended, and codified as 11 U.S.C. §§101 et seq. 

“Board”: the Board of Governors of the Federal Reserve System. 

“Borrower”: as defined in the preamble hereto. 

“Borrower Obligations”: with respect to the Borrower, the collective reference to the unpaid principal of and interest on the
Loans and all other obligations and liabilities of the Borrower (including, without limitation, interest accruing at the then applicable rate provided in the Credit Agreement after the maturity of the Borrower’s Loans and interest accruing at
the then applicable rate provided in the Credit Agreement after the filing of any petition in bankruptcy or the commencement of any case, proceeding or other action under any Debtor Relief Law (or which, but for the filing of such petition or
commencement of such case, proceeding or other action, would be accruing), relating to the Borrower, whether or not a claim for post-filing or 

  
 4 

 post-petition interest is allowed in such case, proceeding or other action) to any Secured Party, whether direct
or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, the Credit Agreement, this Agreement, the other Loan Documents, the provision of cash management
services by any Lender or any Affiliate thereof to the Borrower or any Subsidiary thereof, any Permitted Hedging Arrangement or any other document made, delivered or given in connection therewith, in each case whether on account of principal,
interest, reimbursement obligations, amounts payable in connection with the provision of such cash management services or a termination of any transaction entered into pursuant to a Permitted Hedging Arrangement, fees, indemnities, costs, expenses
or otherwise (including, without limitation, all fees and disbursements of counsel to the Collateral Agent or to any other Secured Party that are required to be paid by the Borrower pursuant to the terms of any of the foregoing agreements). 

“Borrower’s Pro Forma Balance Sheet”: as defined in subsection 4.1(b). 

“Business Day”: a day other than a Saturday, Sunday or other day on which commercial banks in New York, New York are
authorized or required by law to close, except that, when used in connection with a Eurodollar Loan, “Business Day” shall mean any Business Day on which dealings in Dollars between banks may be carried on in London, England and New York,
New York. 
 “Capital Expenditures”: with respect to any Person for any period, the sum of the aggregate of all
expenditures by such Person and its consolidated Subsidiaries during such period (exclusive of expenditures made for Investments permitted by subsection 7.9 and for acquisitions permitted by subsection 7.10) which, in accordance with GAAP, are or
should be included in “capital expenditures” and are reflected in the consolidated statement of cash flows of such Person for such period plus expenditures by such Person and its consolidated Subsidiaries paid to Local Agents in connection
with the entry into or renewal of contracts with such Local Agents. 
 “Capital Stock”: any and all shares, interests,
participation or other equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation) and any and all warrants or options to purchase any of the foregoing. 

“Cash Equivalents”: (a) securities issued or fully guaranteed or insured by the United States Government or any agency
or instrumentality thereof, (b) time deposits, certificates of deposit or bankers’ acceptances of (i) any Lender or (ii) any commercial bank having capital and surplus in excess of $500,000,000 and the commercial paper of the
holding company of which is rated at least A-2 or the equivalent thereof by Standard & Poor’s Ratings Group (a division of The McGraw Hill Companies Inc.) or any successor rating agency (“S&P”) or at least P-2 or
the equivalent thereof by Moody’s Investors Service, Inc. or any successor rating agency (“Moody’s”) (or if at such time neither is issuing ratings, then a comparable rating of such other nationally recognized rating
agency as shall be approved by the Administrative Agent in its reasonable judgment), (c) commercial paper rated at least A-2 or the equivalent thereof by S&P or at least P-2 or the equivalent thereof by Moody’s (or if at such time
neither is issuing ratings, then a comparable rating of such other nationally recognized rating agency as shall be approved by the Administrative Agent in its reasonable judgment), 

  
 5 

 (d) investments in money market funds complying with the risk limiting conditions of Rule 2a-7 or any successor
rule of the SEC under the Investment Company Act, and (e) investments similar to any of the foregoing denominated in foreign currencies approved by the board of directors of the Borrower, in each case provided in clauses (a), (b), (c) and
(e) above only, maturing within 12 months after the date of acquisition. 
 “Certificate of Designation”: Certificate
of Designations, Preferences, and Relative, Optional and other Special Rights of Series A Preferred Stock of Holdings. 
 “Change in
Consolidated Working Capital”: for any period, a positive or negative number equal to the amount of Consolidated Working Capital at the beginning of such period minus the amount of Consolidated Working Capital at the end of such
period; provided that, for the purpose of determining Excess Cash Flow, any change in Consolidated Working Capital in a period directly or indirectly attributable to the capitalization of any Relocation SPV or SIRVA Mortgage (including
receipt of any consideration by the Borrower or any of its Subsidiaries in connection therewith) shall be disregarded. 
 “Change of
Control”: (a) if prior to an IPO, the Sponsors shall collectively cease to own, directly or indirectly, beneficially or of record, shares representing at least 50% of the aggregate ordinary voting power represented by the issued and
outstanding capital stock of Holdings (exclusive of any capital stock of Holdings issued to any current or former directors, officers or employees of Holdings or its Subsidiaries), (b) if after an IPO, any “person” (within the meaning
of the Exchange Act), other than any one or more of the Sponsors, is or becomes the “beneficial owner” (within the meaning of Rule 13(d)-3 and 13(d)-5 of the Exchange Act), directly or indirectly, of 35% or more of the outstanding voting
securities having ordinary voting power for the election of directors of Holdings, (c) the occupation of a majority of the seats (other than vacant seats) on the board of directors of Holdings by Persons who were neither (i) nominated by
the board of directors of Holdings nor (ii) appointed by directors so nominated, (d) Holdings shall cease to own, directly or indirectly, 100% of the Capital Stock of the Borrower (or any successor to the Borrower permitted pursuant to
subsection 7.5) or (e) a Specified Change of Control shall occur. 
 “Closing Date”: the date on which all the
conditions precedent set forth in Section 5 shall be satisfied or waived, which date is March 27, 2013. 
 “Closing
Fee”: as defined in subsection 3.13(a). 
 “Code”: the Internal Revenue Code of 1986, as amended from time to
time. 
 “Collateral”: all assets of the Loan Parties, now owned or hereafter acquired, upon which a Lien is purported to
be created by any Security Document. 
 “Collateral Agent”: as defined in the preamble hereto. 

“Commitment”: as to each Lender, its obligation to make a Loan to the Borrower hereunder pursuant to subsection 2.1. The
amount of each Lender’s Commitment is set forth on Appendix A or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto. The original aggregate principal amount of the Commitments is $300,000,000. 

  
 6 

 “Competitor”: those Persons listed on Appendix B; provided that the
Borrower shall be permitted to supplement Appendix B in writing and delivered to the Administrative Agent to include any additional Person identified by the Borrower as a competitor of the Borrower or any of its Subsidiaries as determined by the
Borrower in its reasonable judgment in consultation with the Administrative Agent. The Administrative Agent shall make any supplement to Appendix B available to the Lenders not later than two (2) Business Days after the delivery of such
supplement by the Borrower to the Administrative Agent. Notwithstanding anything herein to the contrary, in no event shall a supplement to Appendix B apply retroactively to disqualify any Eligible Assignees that have previously acquired an
assignment or participation interest in the Loans or Commitments that was otherwise permitted hereunder at such time. 
 “Compliance
Certificate” means a Compliance Certificate substantially in the form of Exhibit I. 
 “Consolidated Cash Interest
Expense”: for any period, an amount equal to (a) interest expense (accrued and paid or payable in cash for such period, and in any event excluding (i) any amortization or write off of financing costs, (ii) any non-cash or
deferred interest financing costs, (iii) all fees (including, without limitation, any agency fees and any cash management fees) and (iv) any prepayment penalty related to the termination and/or payoff of the Existing Term Loan Credit
Agreement) on Indebtedness of the Borrower and its consolidated Subsidiaries for such period minus (b) interest income (accrued and received or receivable in cash for such period) of the Borrower and its consolidated Subsidiaries for
such period, in each case determined on a consolidated basis in accordance with GAAP; provided that in calculating Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters ended prior to the fiscal quarter ending
December 31, 2013, the applicable calculation period shall be from March 31, 2013 to the date of determination, and the amount of Consolidated Cash Interest Expense for such period shall be the aggregate amount of Consolidated Cash
Interest Expense for such calculation period times (x) in the case of the fiscal quarter ending March 31, 2013, four, (y) in the case of the fiscal quarter ending June 30, 2013, two and (z) in the case of the fiscal quarter
ending September 30, 2013, 4/3. 
 “Consolidated Current Portion of Long Term Debt”: at the date of determination
thereof, the current portion of Consolidated Long Term Debt that is included in Consolidated Short Term Debt. 
 “Consolidated
Indebtedness”: at the date of determination thereof, the sum (without duplication) of (a) Consolidated Long Term Debt, plus (b) Consolidated Short Term Debt minus the aggregate amount of cash and Cash Equivalents of
such Person and its Subsidiaries as of such date not to exceed $30,000,000; provided that such cash and Cash Equivalents shall be Unrestricted Cash. 

“Consolidated Interest Coverage Ratio”: for any period, the ratio of (a) EBITDA for such period to (b) Consolidated
Cash Interest Expense for such period. 
 In making the foregoing calculation, in each case to the extent applicable, (1) pro forma
effect will be given to any Consolidated Indebtedness incurred in connection with a matter requiring determination of the Consolidated Interest Coverage Ratio on a Pro Forma Basis, as 

  
 7 

 well as the use of proceeds of such Consolidated Indebtedness, (2) Consolidated Cash Interest Expenses
related to any Indebtedness or Disqualified Stock no longer outstanding or to be repaid, redeemed or defeased on the date of determination (including, without limitation, for purposes of this calculation, interest, fees, debt discounts, charges and
other items) will be excluded, and such Indebtedness or Disqualified Stock shall be deemed to have been repaid, redeemed, discharged or defeased as of the first day of the applicable period, and (3) pro forma effect will be given to
(a) any acquisition or disposition of companies, divisions, lines of businesses, operations or any other Material Acquisition or Material Disposition by the Borrower and its Subsidiaries, including any acquisition or disposition of a company,
division, line of business, operation and (b) the discontinuation of any discontinued operations as if such events had occurred, and, in the case of any disposition, the proceeds thereof applied, on the first day of the reference period. To the
extent that pro forma effect is to be given to an acquisition, disposition or discontinuation of a company, division, line of business or operation or any other Material Acquisition or Material Disposition, the pro forma calculation will be based
upon the most recently completed period of four consecutive fiscal quarters for which financial statements have been provided under subsection 6.1(c) or (d). For purposes of this definition, whenever pro forma effect is to be given to any event, the
pro forma calculations shall be made in good faith by a responsible financial or accounting officer of the Borrower. Any such pro forma calculation may include adjustments appropriate, in the reasonable good faith determination of the Borrower as
set forth in an officer’s certificate, to reflect operating expense reductions and other operating improvements or synergies less any costs associated therewith; provided that (i) any such adjustments shall not exceed 15% of EBITDA
as of the most recently completed period of four consecutive fiscal quarters of the Borrower for which financial statements have been provided under subsection 6.1(c) or (d), (ii) to the extent resulting from an acquisition, disposition or
repayment, redemption, discharge or defeasance of Indebtedness, such operating expense reductions, operating improvements and synergies less such costs associated therewith are reasonably expected to result from the applicable event within 12 months
after the applicable event as if such operating expense reductions, operating improvements and synergies less such costs associated therewith had been fully realized on the first day of the applicable period; provided further that
actions to realize such operating expense reductions, other operating improvements and synergies less such costs associated therewith are taken or are reasonably expected to be taken with 12 months after the applicable event and (iii) to the
extent not resulting from such an event described in clause (ii), the actions taken to realize such operating expense reductions, other operating improvements and synergies less such costs associated therewith have been taken. 

“Consolidated Leverage Ratio”: as of the last day of any period, the ratio of (a) Consolidated Indebtedness on such day
to (b) EBITDA for the period of four full fiscal quarters ending on such date. 
 In making the foregoing calculation, in each case to
the extent applicable, (1) pro forma effect will be given to any Consolidated Indebtedness incurred in connection with a matter requiring determination of the Consolidated Leverage Ratio on a Pro Forma Basis, as well as the use of proceeds of
such Consolidated Indebtedness, and (2) pro forma effect will be given to (a) any acquisition or disposition of companies, divisions, lines of businesses, operations or any other Material Acquisition or Material Disposition by the Borrower
and its Subsidiaries, including any acquisition or disposition of a company, division, line of business, operation and 

  
 8 

 (b) the discontinuation of any discontinued operations as if such events had occurred, and, in the case of any
disposition, the proceeds thereof applied, on the first day of the reference period. To the extent that pro forma effect is to be given to an acquisition, disposition or discontinuation of a company, division, line of business or operation or any
other Material Acquisition or Material Disposition, the pro forma calculation will be based upon the most recently completed period of four consecutive fiscal quarters for which financial statements have been provided under subsection 6.1(c) or (d).
For purposes of this definition, whenever pro forma effect is to be given to any event, the pro forma calculations shall be made in good faith by a responsible financial or accounting officer of the Borrower. Any such pro forma calculation may
include adjustments appropriate, in the reasonable good faith determination of the Borrower as set forth in an officer’s certificate, to reflect operating expense reductions and other operating improvements or synergies less any costs
associated therewith; provided that (i) any such adjustments shall not exceed 15% of EBITDA as of the most recently completed period of four consecutive fiscal quarters of the Borrower for which financial statements have been provided
under subsection 6.1(c) or (d), (ii) to the extent resulting from an acquisition, disposition or repayment, redemption, discharge or defeasance of Indebtedness, such operating expense reductions, operating improvements and synergies less such
costs associated therewith are reasonably expected to result from the applicable event within 12 months after the applicable event as if such operating expense reductions, operating improvements and synergies less such costs associated therewith had
been fully realized on the first day of the applicable period; provided further that actions to realize such operating expense reductions, other operating improvements and synergies less such costs associated therewith are taken or are
reasonably expected to be taken with 12 months after the applicable event and (iii) to the extent not resulting from such an event described in clause (ii), the actions taken to realize such operating expense reductions, other operating
improvements and synergies less such costs associated therewith have been taken. 
 “Consolidated Long Term Debt”: at the
date of determination thereof, all long term debt of the Borrower and its consolidated Subsidiaries as determined on a consolidated basis in accordance with GAAP and as disclosed on the Borrower’s consolidated balance sheet most recently
delivered under subsection 6.1; provided that the term “Consolidated Long Term Debt” shall not include (i) any debt of the Borrower or any of its Subsidiaries to the extent such debt is owed to Holdings or (ii) the Indiana
Note. 
 “Consolidated Net Income”: for any period, net income of the Borrower and its consolidated Subsidiaries for such
period, determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded (a) the undistributed earnings of any Subsidiary of the Borrower to the extent that the declaration or payment of dividends or
similar distributions by such Subsidiary is not at the time permitted by the terms of any Contractual Obligation (other than under any Loan Document) or Requirement of Law applicable to such Subsidiary and (b) any income or loss accounted for
by the equity method of accounting (except in the case of income to the extent of the amount of cash dividends or cash distributions paid to the Borrower or any of its Subsidiaries by the entity accounted for by the equity method of accounting).

 “Consolidated Short Term Debt”: at the date of determination thereof, all short term debt of the Borrower and its
consolidated Subsidiaries as determined on a consolidated basis in accordance with GAAP and as disclosed on the Borrower’s consolidated balance sheet 

  
 9 

 most recently delivered under subsection 6.1; provided that the term Consolidated Short Term Debt shall
not include any Indebtedness of the type described in clause (m) of subsection 7.2; provided, further, that the term “Consolidated Short Term Debt” shall not include any debt of the Borrower or any of its Subsidiaries to
the extent such debt is owed to Holdings. 
 “Consolidated Working Capital”: at the date of determination thereof, the
aggregate amount of all current assets (excluding cash, Cash Equivalents, assets held for sale (other than assets purchased and sold through the Employee Relocation Business in the ordinary course of business)) and deferred taxes recorded as assets
minus the aggregate amount of all current liabilities (excluding the Consolidated Current Portion of Long Term Debt, working capital debt of Foreign Subsidiaries (other than Indebtedness of the type described in clause (m) of subsection
7.2), liabilities related to assets held for sale (other than assets purchased and sold through the Employee Relocation Business in the ordinary course of business) and deferred taxes recorded as liabilities), in each case determined on a
consolidated basis for the Borrower and its consolidated Subsidiaries. 
 “Contractual Obligation”: as to any Person, any
provision of any material security issued by such Person or of any material agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

“Controlled Entity”: as to any Person, any other Person that is in control of, is controlled by, or is under common control
with, such Person. For purposes of this definition, “control” of a Person means the power, directly or indirectly, to direct or cause the direction of the management and policies of such Person whether by contract or otherwise. 

“Conversion/Continuation Notice”: a Conversion/Continuation Notice substantially in the form of Exhibit D-2. 

“Cure Amount”: as defined in subsection 8.2(a). 

“Cure Date”: as defined in subsection 8.2(a). 

“Cure Right”: as defined in subsection 8.2(a). 

“Debtor Relief Laws”: the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit
of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect. 

“Default”: any of the events specified in subsection 8.1, whether or not any requirement for the giving of notice (other
than, in the case of subsection 8.1(e), a Default Notice), the lapse of time, or both, or any other condition specified in subsection 8.1, has been satisfied. 

“Default Notice”: as defined in subsection 8.1(e). 

  
 10 

 “Defaulting Lender”: any Lender that (i) has failed to (a) fund any
portion of the Loans required to be funded by it hereunder within one (1) Business Day of the date required to be funded by it hereunder or (b) otherwise pay over to the Administrative Agent or any other Lender any other amount required to
be paid by it hereunder within one (1) Business Day of the date when due, unless such amount is the subject of a good faith dispute and such Lender has notified the Administrative Agent and the Borrower in writing in reasonable detail of the
subject of such dispute, or (ii) has been deemed insolvent or become the subject of a bankruptcy or insolvency proceeding; 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. In the event and on
the date that each of the Administrative Agent and the Borrower agree that a Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, such Lender shall no longer be considered a Defaulting Lender. 

“Discount Range”: as defined in subsection 3.4(f)(ii). 

“Discounted Prepayment Option Notice”: as defined in subsection 3.4(f)(ii). 

“Discounted Voluntary Prepayment”: as defined in subsection 3.4(f)(i). 

“Discounted Voluntary Prepayment Notice”: as defined in subsection 3.4(f)(v). 

“Disinterested Director”: as defined in subsection 7.11. 

“Disposition”: as defined in the definition of the term “Asset Sale” in this subsection 1.1. 

“Disqualified Person”: any bank, financial institution or other institutional lender identified by the Borrower to the
Administrative Agent in writing prior to the Closing Date; provided that the names of all Disqualified Persons shall be available to any Lender or prospective Lender that requests such names from the Administrative Agent. 

“Disqualified Stock”: any Capital Stock that, by its terms (or by the terms of any security into which it is convertible or
for which it is exchangeable), or upon the happening of any event, matures or is mandatorily redeemable (other than upon the occurrence 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 are subject to the prior payment in full of all of the Obligations other than contingent indemnification obligations not yet due and payable), pursuant to a sinking fund obligation or otherwise, or is redeemable at the
option of the holder thereof, in whole or in part, on or prior to the date that is 90 days after the Termination Date at the time such Capital Stock is issued. For the avoidance of doubt, the Preferred Stock shall not be deemed to be Disqualified
Stock. 
 “Dollars” and “$”: dollars in lawful currency of the United States of America. 

  
 11 

 “Domestic Subsidiary”: any Subsidiary of the Borrower which is not a Foreign
Subsidiary. 
 “EBITDA”: for any period, Consolidated Net Income for such period (i) adjusted to exclude the following
items (without duplication) of income or expense to the extent that such items are included in the calculation of Consolidated Net Income: (a) net interest expense, (b) total income tax expense, (c) depreciation expenses, (d) the
expense associated with amortization of intangible and other assets (including amortization or other expense recognition of any costs associated with asset write-ups in accordance with APB Nos. 16 and 17), (e) income and/or loss from
discontinued operations, (f) any gain or loss associated with the sale or writedown of assets not in the normal course of business (it being understood that sales of operating assets to Local Agents or Owner/Operators and sales of home
inventory are in the normal course of business), (g) gains/losses from the extinguishment of liabilities (including any prepayment penalty related to the termination and/or payoff of the Existing Term Loan Credit Agreement), (h) non-cash
long-term asset impairment charges, (i) any nonrecurring or extraordinary expenses, gains or losses and (j) gains/losses arising in connection with foreign exchange transactions, (ii) plus, without duplication and to the extent
deducted in determining Consolidated Net Income for such period, (a) cash and non-cash fees (including legal fees and other similar advisory and consulting fees, administrative fees and working fees), charges, payments and expenses taken or
paid in connection with the consummation of the Transactions and, to the extent permitted hereunder, any permitted acquisition, Investment, disposition of property or assets, issuance of Capital Stock or Indebtedness issuance (in each case, whether
or not consummated), plus (b) indemnification payments, fees and expense reimbursement paid to directors in the ordinary course of business, plus (c) all non-cash charges, expenses or losses, plus (d) proceeds
from business interruption insurance, plus (e) expenses and charges which are actually reimbursed (pursuant to indemnity or otherwise), plus (f) net periodic benefit cost or income related to the SIRVA Employees’
Retirement Plan and the SIRVA Nonqualified Pension Plan and (iii) minus, to the extent not already deducted in determining Consolidated Net Income for such period, the amount of any loan, advance or cash dividend made by the Borrower or
any of its Subsidiaries to Holdings pursuant to subsection 7.7(a)(iv); provided that for the avoidance of doubt, regardless of whether any Discounted Voluntary Prepayment pursuant to subsection 3.4(f) or any other payment of Indebtedness is
deemed to result in a non-cash gain, no such gain shall increase EBITDA. Notwithstanding the foregoing, EBITDA for the fiscal quarter periods ended June 30, 2012, September 30, 2012 and December 31, 2012 shall be deemed to be
equal to $14,000,000, $30,000,000 and $14,000,000, respectively. 
 “ECF Percentage”: if the Consolidated Leverage Ratio as
of the last day of such fiscal year is (a) greater than 3.00:1.00, 75%, (b) less than or equal to 3.00:1.00 but greater than 2.50:1.00, 50%, and (c) less than or equal to 2.50:1.00, 25%. 

“EGI”: EGI-Fund (08-10) Investors, L.L.C., EGI-Fund (11-13) Investors, L.L.C. and any Affiliates thereof. 

“Eligible Assignee”: any Person, subject to the proviso at the end of this definition, that meets the requirements to be an
assignee under subsection 10.7 (subject to such consents, if any, as may be required under subsection 10.7(b)(iii)) and, in the case of a Purchasing Borrower Party, subject to subsections 10.7(b)(v) and 10.16; provided that in no event shall
any Disqualified Person, any Competitor or any Defaulting Lender be an Eligible Assignee. 

  
 12 

 “Employee Relocation Business”: the business of providing relocation services
including home sale and purchase assistance, management of tenant responsibilities and other services to corporations that assist employees in their relocation needs, and other business related thereto. 

“Environmental Costs”: any and all costs or expenses (including, without limitation, attorney’s and consultant’s
fees, investigation and laboratory fees, response costs, court costs and litigation expenses, fines, penalties, damages (including natural resource damages), settlement payments, judgments and awards), of whatever kind or nature, known or unknown,
contingent or otherwise, arising out of, or in any way relating to, any violation of, noncompliance with or liability under any Environmental Laws or any orders, requirements, demands, or investigations of any Person related to any Environmental
Laws. Environmental Costs include any and all of the foregoing, without regard to whether they arise out of or are related to any past, pending or threatened proceeding of any kind. 

“Environmental Laws”: any and all foreign, Federal, state, local or municipal laws, rules, orders, regulations, statutes,
ordinances, codes, decrees, requirements of any Governmental Authority having the force and effect of law or other Requirements of Law (including, without limitation, common law) regulating, relating to or imposing liability or standards of conduct
concerning protection of human health, the environment or natural resources, as now or at any relevant time hereafter are or at any relevant time have been, in effect. 

“Environmental Permits”: any and all permits, licenses, registrations, notifications, exemptions and any other authorization
required under any Environmental Law. 
 “ERISA”: the Employee Retirement Income Security Act of 1974, together with the
regulations thereunder, in each case, as amended from time to time. 
 “ERISA Event”: (a) a “reportable
event” within the meaning of Section 4043 of ERISA and the regulations issued thereunder with respect to any Pension Plan (excluding those for which the provision for 30-day notice to the PBGC has been waived by regulation in effect from
time to time); (b) the failure to meet the minimum funding standard of Section 412 of the Code or Section 302 or 303 of ERISA with respect to any Pension Plan (whether or not waived in accordance with Section 412(c) of the Code)
or the failure to make by its due date a required installment under Section 430(j) of the Code with respect to any Pension Plan or the failure to make any required contribution to a Multiemployer Plan; (c) 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; (d) a determination that any Pension Plan is, or is expected to be, in “at
risk” status (as defined in Section 303(i)(4) of ERISA or Section 430(i)(4) of the Code); (e) the provision by the administrator of any Pension Plan pursuant to Section 4041(a)(2) of ERISA of a notice of intent to terminate
such plan as described in Section 4041(b) or 4041(c) of ERISA; (f) the incurrence by any member of the ERISA Group of any liability pursuant to Section 4063 or 4064 of ERISA or a cessation of operations with respect to a Pension

  
 13 

 
Plan within the meaning of Section 4062(e) of ERISA; (g) the withdrawal by any member of the ERISA Group from any Pension Plan with two or more non-related contributing sponsors or the
termination of any such Pension Plan resulting in liability to any member of the ERISA Group pursuant to Section 4063 or 4064 of ERISA; (h) the institution by the PBGC of proceedings to terminate any Pension Plan or Multiemployer Plan, or
the occurrence of any event or condition which could reasonably constitute grounds under ERISA for the termination of, or the appointment of a trustee to administer, any such plan; (i) the imposition of any liability under Title IV of ERISA on
any member of the ERISA Group, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA; (j) the withdrawal of any member of the ERISA Group in a complete or partial withdrawal (within the meaning of Sections 4203
and 4205 of ERISA) from any Multiemployer Plan if there is any potential liability therefor, or the receipt by any member of the ERISA Group of notice from any Multiemployer Plan that it is in reorganization or insolvency pursuant to
Section 4241 or 4245 of ERISA or is expected to be, in “critical” or “endangered” status, within the meaning of Section 432 of the Code or Section 305 of ERISA, or that it intends to terminate or has terminated
under Section 4041A or 4042 of ERISA; or (k) the imposition of a Lien pursuant to Section 430(k) of the Code or pursuant to ERISA with respect to any Pension Plan. 

“ERISA Group”: Holdings, the Borrower and all members of a controlled group of corporations and all trades or businesses
(whether or not incorporated) under common control which, together with Holdings or the Borrower, are treated as a single employer under Section 414(b), (c), (m) or (o) of the Code. 

“Eurodollar Loans”: Loans the rate of interest applicable to which is based upon the Eurodollar Rate. 

“Eurodollar Rate”: for any Interest Rate Determination Date with respect to an Interest Period for a Eurodollar Loan, the
greater of (I) 1.25% per annum and (II) the rate per annum obtained by dividing (and rounding upward to the next whole multiple of 1/100 of 1.00%) (i) (a) the rate per annum (rounded to the nearest 1/100 of 1.00%) equal to the
rate determined by the Administrative Agent to be the offered rate which appears on the page of the Reuters Screen which displays an average British Bankers Association Interest Settlement Rate (such page currently being LIBOR01 page) for deposits
(for delivery on the first day of such period) with a term equivalent to such period in Dollars, determined as of approximately 11:00 A.M. (London, England time) on such Interest Rate Determination Date, or (b) in the event the rate referenced
in the preceding clause (a) does not appear on such page or service or if such page or service shall cease to be available, the rate per annum (rounded to the nearest 1/100 of 1.00%) equal to the rate determined by the Administrative Agent to
be the offered rate on such other page or other service which displays an average British Bankers Association Interest Settlement Rate for deposits (for delivery on the first day of such period) with a term equivalent to such period in Dollars,
determined as of approximately 11:00 A.M. (London, England time) on such Interest Rate Determination Date, or (c) in the event the rates referenced in the preceding clauses (a) and (b) are not available, the rate per annum (rounded to
the nearest 1/100 of 1.00%) equal to the offered quotation rate to first class banks in the London interbank market by the Administrative Agent for deposits (for delivery on the first day of the relevant period) in Dollars of amounts in same day
funds comparable to the principal amount of the applicable Loan of the Administrative Agent, in its capacity as a Lender, for which the Eurodollar Rate is then being determined with maturities comparable to such period as of approximately 11:00 A.M.
(London, England time) on such Interest Rate Determination Date, by (ii) an amount equal to (a) one minus (b) the Applicable Reserve Requirement. 

  
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 “Event of Default”: any of the events specified in subsection 8.1,
provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, has been satisfied. 

“Excess Cash Flow”: for any period, EBITDA for such period minus (a) the amounts for such period paid or payable
in cash from internally generated cash for any Capital Expenditures during such period, minus (b) any principal payments (other than (i) voluntary principal payments of the Loans during such period pursuant to subsection 3.4(a) and
(ii) Discounted Voluntary Prepayments made during such period pursuant to subsection 3.4(f)) of the Loans, minus (c) the aggregate amount of cash used to make Discounted Voluntary Prepayments during such period pursuant to
subsection 3.4(f), minus (d) any principal payments resulting in a permanent reduction of any other Indebtedness (excluding the Loans) of the Borrower or any of its Subsidiaries made during such period, minus (e) Consolidated
Cash Interest Expense for such period, plus, without duplication, any cash fees for such period excluded from the definition of Consolidated Cash Interest Expense pursuant to clause (a)(iii) of the definition thereof, minus
(f) any taxes paid or payable (including, for the avoidance of doubt, any amounts paid or payable under the Tax Sharing Agreement) in cash during such period, minus (g) the Net Cash Proceeds from any Asset Sale to the extent that
such Net Cash Proceeds (i) (without duplication of clause (a) or (h) of this definition) consist of any Reinvested Amount or are otherwise applied in accordance with subsection 3.4(b) and (ii) are included in the calculation of
EBITDA, minus (h) (without duplication of clause (a) of this definition) the amounts for such period paid in cash from internally generated cash for any Investment made in accordance with subsection 7.9(e), (g), (l), (o) or
(q), minus (i) (without duplication of clause (b) or (c) of this definition) the proceeds of any Sale and Leaseback Transactions entered into by the Borrower or any of its Subsidiaries in accordance with subsection 7.12 during
such period to the extent included in EBITDA, minus (j) to the extent not otherwise subtracted from EBITDA in this definition of “Excess Cash Flow”, any cash dividends, and other loans and advances, made during such period by
the Borrower or any of its Subsidiaries to Holdings, so long as such dividends, loans and advances are expressly permitted by clauses (a) through (g) of subsection 7.7, minus (k) to the extent not subtracted in the calculation
of EBITDA, the amount of any cash contributions required by law to be made by the Borrower or any of its Subsidiaries to any Plan, minus (l) fees (including legal fees and other similar advisory and consulting fees, administrative fees
and working fees), charges, payments and expenses paid or payable in cash during such period in connection with the consummation of the Transactions and, to the extent permitted hereunder, any permitted acquisition, Investment, disposition of
property or assets, issuance of Capital Stock or Indebtedness issuance (in each case, whether or not consummated), minus (m) indemnification payments, fees and expense reimbursement paid to directors in cash during such period in the
ordinary course of business, plus or minus (as applicable) (n) any nonrecurring or extraordinary cash expenses, gains or losses during such period, plus or minus (as applicable) (o) cash gains or losses arising
in connection with foreign exchange transactions during such period, plus (p) the Change in Consolidated Working Capital for such period, minus (q) any prepayment penalty during such period related to the termination and/or
payoff of the Existing Term Loan Credit Agreement. 

  
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 “Exchange Act”: the Securities Exchange Act of 1934, as amended from time to
time. 
 “Excluded Domestic Subsidiary”: as defined in subsection 6.10(a). 

“Excluded Information”: information regarding the Loans or the applicable Loan Parties hereunder that is not known to a
Lender participating in an assignment to an Affiliated Lender pursuant to subsection 10.7(f) or in a Discounted Voluntary Prepayment made pursuant to subsection 3.4(f) that may be material to a decision by such Lender to participate in such
Discounted Voluntary Prepayment or assignment to such Affiliated Lender, as applicable. 
 “Excluded Taxes”: as defined in
subsection 3.10(a). 
 “Existing ABL Credit Agreement”: that certain Credit Agreement (as amended, restated, supplemented
or otherwise modified from time to time) dated as of March 17, 2011, among the Borrower, certain Subsidiaries of the Borrower, the lenders party thereto and Wells Fargo Capital Finance, LLC, as agent. 

“Existing Credit Agreements”: collectively, the Existing ABL Credit Agreement, the Existing Term Loan Credit Agreement and
the Existing Second Lien Credit Agreement. 
 “Existing Indebtedness”: the Borrower’s indebtedness under the Existing
Credit Agreements. 
 “Existing Second Lien Credit Agreement”: that certain unsecured Term Loan Agreement (as amended,
restated, supplemented, or otherwise modified from time to time) dated as of May 12, 2008 among the Borrower, the lenders party thereto and Wilmington Trust Company, as administrative agent. 

“Existing Term Loan Credit Agreement”: that certain Credit Agreement (as amended, restated, supplemented or otherwise
modified from time to time) dated as of March 17, 2011 among the Borrower, Holdings, the lenders party thereto and Barclays Bank PLC, as administrative agent and collateral agent. 

“Fair Market Value”: with respect to any asset or item, the fair market value of such asset or item as determined in good
faith by (a) a financial officer for transactions valued at or below $25,000,000 or (b) by the board of directors of the Borrower or a Subsidiary, as applicable, for transactions in excess of $25,000,000. 

“FATCA”: (a) Sections 1471 through 1474 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, (b) any treaty, law, regulation or other official guidance enacted in any
non-U.S. jurisdiction, or relating to an intergovernmental agreement between the U.S. and any other jurisdiction which (in either case) directly relates to the implementation of (a) above, and (c) any agreement pursuant to the
implementation of clause (a) or (b) above with the U.S. Internal Revenue Service, the U.S. government or any governmental or taxation authority in any other jurisdiction. 

  
 16 

 “Federal Funds Effective Rate”: for any day, the rate per annum (expressed, as a
decimal, rounded upwards, if necessary, to the next higher 1/100 of 1.00%) 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 (i) if such day is not a Business Day, the Federal Funds Effective 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, and (ii) if no such rate is so published on such next succeeding Business Day, the Federal Funds Effective Rate for such day shall be the
average rate charged to the Administrative Agent, in its capacity as a Lender, on such day on such transactions as determined by the Administrative Agent. 

“Finance Subsidiary”: SIRVA Mortgage, SIRVA Finance Limited, SIRVA Relocation Funding, LLC and SIRVA Relocation Credit. 

“Financing Lease”: any lease of property, real or personal, the obligations of the lessee in respect of which are required in
accordance with GAAP to be capitalized on a balance sheet of the lessee. 
 “FIRREA”: the Financial Institutions Reform,
Recovery and Enforcement Act of 1989, as amended from time to time. 
 “Flood Zone”: areas having special flood hazards as
described in the National Flood Insurance Act of 1968, as amended from time to time, and any successor statute. 
 “Foreign
Subsidiary”: any Subsidiary of the Borrower which is organized and existing under the laws of any jurisdiction outside of the United States of America. 

“Fund”: any Person (other than a natural person) that is primarily engaged in making, purchasing, holding or otherwise
investing in commercial loans or securities for investment purposes in the ordinary course of its activities. 
 “GAAP”:
with respect to the covenants contained in subsections 7.1 and 7.8 and all defined terms relating thereto, generally accepted accounting principles in the United States of America in effect on the Closing Date, and, for all other purposes under this
Agreement, generally accepted accounting principles in the United States of America in effect from time to time. 
 “Goldman
Sachs”: Goldman Sachs Bank USA. 
 “Governmental Authority”: any nation or government, any state or other
political subdivision thereof and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, including, without limitation, the European Union. 

“Guarantee and Collateral Agreement”: the Guarantee and Collateral Agreement dated as of the date hereof among the Loan
Parties and the Collateral Agent, as the same may be amended, restated, supplemented or otherwise modified from time to time. 

  
 17 

 “Guarantee Obligation”: as to any Person (the “guaranteeing
person”), any obligation of (a) the guaranteeing person or (b) another Person (including, without limitation, any bank under any letter of credit) to induce the creation of which the guaranteeing person has issued a reimbursement,
counterindemnity or similar obligation, in either case guaranteeing or in effect guaranteeing any Indebtedness, leases, dividends or other obligations (the “primary obligations”) of any other third Person (the “primary
obligor”) in any manner, whether directly or indirectly, including, without limitation, any such obligation of the guaranteeing 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, (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 or (iv) otherwise to assure or hold harmless the owner of any such primary obligation against loss in respect thereof; provided, however, that the term Guarantee Obligation shall not include endorsements of
instruments for deposit or collection in the ordinary course of business. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower of (x) an amount equal to the stated or determinable amount of the
primary obligation in respect of which such Guarantee Obligation is made and (y) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee Obligation, unless such
primary obligation and the maximum amount for which such guaranteeing person may be liable are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing person’s maximum reasonably anticipated
liability in respect thereof as determined by the Borrower in good faith. 
 “Guarantees”: the collective reference to the
Guarantee and Collateral Agreement and any other guarantee hereafter delivered to the Administrative Agent guaranteeing the obligations and liabilities of the Borrower hereunder. 

“Guarantor Obligations”: all obligations and liabilities of each Guarantor which may arise under or in connection with this
Agreement (including, without limitation, Section 2) or any other Loan Document to which such Guarantor is a party, in each case whether on account of guarantee obligations, reimbursement obligations, fees, indemnities, costs, expenses or
otherwise (including, without limitation, all fees and disbursements of counsel to the Agents or to the Lenders that are required to be paid by such Guarantor pursuant to the terms of this Agreement or any other Loan Document), in each case,
excluding the Excluded Swap Obligations. Without limiting the generality of the foregoing, Guarantor Obligations shall include all amounts that constitute part of the Guarantor Obligations and would be owed by the Borrower to the Agents and the
Lenders but for the fact that they are unenforceable or not allowable, including due to the existence of a case, proceeding or other action under any Debtor Relief Law involving the Borrower or any other Guarantor. 

“Guarantors”: any Person delivering a Guarantee pursuant to this Agreement. 

“Holdings”: as defined in the preamble hereto. 

“Holdings Obligations”: as defined in the Guarantee and Collateral Agreement. 

  
 18 

 “Holdings’ Pro Forma Balance Sheet”: as defined in subsection 4.1(b). 

“Indebtedness”: of any Person at any date, (a) all indebtedness of such Person for borrowed money or for the deferred
purchase price of property or services (other than trade liabilities incurred in the ordinary course of business and payable in accordance with customary practices), (b) any other indebtedness of such Person which is evidenced by a note, bond,
debenture or similar instrument, (c) all obligations of such Person under Financing Leases, (d) all obligations of such Person in respect of bankers’ acceptances issued or created for the account of such Person, (e) for purposes
of subsection 7.2 and subsection 8.1(e) only, all obligations of such Person in respect of interest rate protection agreements, interest rate futures, interest rate options, interest rate caps and any other interest rate hedge arrangements,
(f) Disqualified Stock and (g) all indebtedness or obligations of the types referred to in the preceding clauses (a) through (f) to the extent secured by any Lien on any property owned by such Person even though such Person has
not assumed or otherwise become liable for the payment thereof. Notwithstanding the foregoing, in no event shall “Indebtedness” include (i) obligations of SIRVA Relocation, SRHL, any of their respective Subsidiaries or any other
Subsidiary of the Borrower primarily engaged in the Employee Relocation Business to make payments under or with respect to mortgage notes payable in the ordinary course of business in connection with the provision of relocation services or
(ii) such mortgage notes. 
 “Indemnified Liabilities”: collectively, any and all liabilities, obligations, losses,
damages, penalties, claims, actions, judgments, suits, reasonable documented out-of-pocket costs (including Environmental Costs), reasonable documented out-of-pocket expenses and reasonable disbursements of any kind or nature whatsoever (including
the reasonable fees and disbursements of counsel for Indemnitees in connection with any investigative, administrative or judicial proceeding or hearing commenced or threatened by any Person (including any Loan Party or its Subsidiaries), whether or
not any such Indemnitee shall be designated as a party or a potential party thereto, and any fees or expenses incurred by Indemnitees in enforcing this indemnity), whether direct, indirect, special or consequential and whether based on any federal,
state or foreign laws, statutes, rules or regulations (including securities and commercial laws, statutes, rules or regulations and Environmental Laws), on common law or equitable cause or on contract or otherwise, that may be imposed on, incurred
by, or asserted against any such Indemnitee, in any manner relating to or arising out of (i) this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby (including the Lenders’ agreement to make the Loans,
the syndication of the credit facilities provided for herein or the use or intended use of the proceeds thereof, or any enforcement of any of the Loan Documents (including any sale of, collection from, or other realization upon any of the Collateral
or the enforcement of the Guarantee)); (ii) any Environmental Cost relating to or arising from, directly or indirectly, any past or present activity, operation, land ownership, or practice of any Loan Party or any of its Subsidiaries; or
(iii) any Loan or the use of proceeds thereof. 
 “Indemnitee”: as defined in subsection 10.6(a). 

“Indiana Note”: the Promissory Note dated June 5, 2009 (as may be amended, restated, supplemented or otherwise modified
from time to time) in the original principal amount of $2,400,000 issued by North American Van Lines, Inc. to the order of the Indiana Economic Development Corporation. 

  
 19 

 “Intellectual Property”: as defined in subsection 4.9. 

“Intercompany Subordination Agreement”: the Intercompany Subordination Agreement dated as of the date hereof among the Loan
Parties and the Collateral Agent, as the same may be amended, restated, supplemented or otherwise modified from time to time. 

“Intercreditor Agreement”: the Intercreditor Agreement, dated as of the date hereof, among the Loan Parties, the
Administrative Agent, and the ABL Agent, as the same may be amended, restated, supplemented or otherwise modified from time to time. 

“Interest Payment Date”: (a) as to any ABR Loan, the last Business Day of each March, June, September and December to
occur while such Loan is outstanding, and the final maturity date of such Loan, (b) as to any Eurodollar Loan having an Interest Period of three months or less, the last day of such Interest Period, and (c) as to any Eurodollar Loan having
an Interest Period longer than three months, (i) each day which is three months, or a whole multiple thereof, after the first day of such Interest Period and (ii) the last day of such Interest Period. 

“Interest Period”: in connection with a Eurodollar Loan, an interest period of one, two, three or six months (or, if
consented to by all of the applicable Lenders, nine or 12 months), as selected by the Borrower in the applicable notice of borrowing or conversion, (i) initially, commencing on the Closing Date; and (ii) thereafter, commencing on the day
on which the immediately preceding Interest Period expires; provided, that (a) if an 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 unless
no further Business Day occurs in such month, in which case such Interest Period shall expire on the immediately preceding Business Day and (b) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which
there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month. 

“Interest Rate Determination Date”: with respect to any Interest Period, the date that is two Business Days prior to the
first day of such Interest Period. 
 “Interest Rate Protection Agreement”: any interest rate protection agreement,
interest rate future, interest rate option, interest rate cap or collar or other interest rate hedge arrangement. 

“Inventory”: as defined in the Uniform Commercial Code as in effect in the State of New York from time to time; and, with
respect to the Borrower and its Subsidiaries, all such Inventory of the Borrower and such Subsidiaries, including, without limitation: (a) all goods, wares and merchandise held for sale or lease and (b) all goods returned or repossessed by
the Borrower or such Subsidiaries. 
 “Investment Company Act”: the Investment Company Act of 1940, as amended from time to
time. 
 “Investments”: as defined in subsection 7.9. 

  
 20 

 “IPO”: the initial offering by Holdings or any direct or indirect parent company
of Holdings of its Capital Stock to the public by means of an offering registered with the SEC. 
 “Joint Bookrunners”:
Goldman Sachs and Wells Fargo. 
 “Joint Lead Arrangers”: Goldman Sachs and Wells Fargo. 

“Lender Counterparty”: each Lender, each Agent and each of their respective Affiliates counterparty to an Interest Rate
Protection Agreement (including any Person who is an Agent or a Lender (and any Affiliate thereof) as of the Closing Date but subsequently, whether before or after entering into an Interest Rate Protection Agreement, ceases to be an Agent or a
Lender, as the case may be); provided that, at the time of entering into an Interest Rate Protection Agreement, no Lender Counterparty shall be a Defaulting Lender. 

“Lender Participation Notice”: as defined in subsection 3.4(f)(iii). 

“Lenders”: as defined in the preamble hereto. 

“Lien”: any mortgage, pledge, hypothecation, assignment, security deposit arrangement, encumbrance, lien (statutory or
other), charge or other security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including, without limitation, any conditional sale or other title retention agreement
and any Financing Lease having substantially the same economic effect as any of the foregoing). 
 “Loan”: as defined in
subsection 2.1. 
 “Loan Documents”: this Agreement, any Notes, the Intercreditor Agreement, the Guarantees, and any other
Security Documents, each as amended, restated, supplemented or otherwise modified from time to time. 
 “Loan Modification
Agreement”: as defined in subsection 10.1(c). 
 “Loan Modification Offer”: as defined in subsection 10.1(c). 

“Loan Parties”: the Borrower and the Guarantors; individually, a “Loan Party”. 

“Local Agents”: those independently owned local moving and storage companies that have entered into certain contractual
arrangements with the Borrower or any of its Subsidiaries to provide customers with local sales, packing or warehousing services and/or a portion of the hauling services required to support the operations of the Borrower and its Subsidiaries, or any
combination of such services. 
 “Material Acquisition”: any acquisition of property or series of related acquisitions of
property that (x) constitutes assets comprising all or substantially all of an operating unit of a business or constitutes all or substantially all of the common stock of a Person and (y) involves the payment of consideration by the
Borrower and its Subsidiaries in excess of $1,000,000. 

  
 21 

 “Material Adverse Effect”: a material adverse effect on (a) the business,
operations, assets or financial condition of the Borrower and its Subsidiaries, taken as a whole, (b) the validity or enforceability of this Agreement or any of the other Loan Documents, taken as a whole, or (c) the rights and remedies of
the Administrative Agent and the Lenders under the Loan Documents, taken as a whole. 
 “Material Disposition”: any
Disposition of property or series of related Dispositions of property that (x) constitutes assets comprising all or substantially all of an operating unit of a business or constitutes all or substantially all of the common stock of a Material
Subsidiary and (y) yields gross proceeds to the Borrower or any of its Subsidiaries in excess of $1,000,000. 
 “Material Real
Property”: any real property or fixtures owned by the Borrower or any Subsidiary of the Borrower that is a Loan Party (or owned by any Person required to become a Loan Party hereunder), in each case with a purchase price or a Fair Market
Value of at least $1,000,000. 
 “Material Subsidiary”: the collective reference to any Subsidiary of the Borrower that had
(a) total revenues of more than $5,000,000 during the most recently completed period of four consecutive fiscal quarters of the Borrower or (b) total assets of more than $5,000,000 as of the last day of such period. 

“Materials of Environmental Concern”: any gasoline or petroleum (including, without limitation, crude oil or any fraction
thereof) or petroleum products or any pollutant or contaminant or any hazardous or toxic substances, materials or wastes defined or regulated as such in or under or which may give rise to liability under any applicable Environmental Law, including,
without limitation, asbestos, polychlorinated biphenyls and urea-formaldehyde insulation. 
 “Moody’s”: as defined in
the definition of “Cash Equivalents” in this subsection 1.1. 
 “Mortgaged Properties”: the real properties
listed on Schedule 4.8, Part I, as to which the Administrative Agent for its benefit and for the benefit of the Secured Parties shall be granted a Lien pursuant to the Mortgages. 

“Mortgages”: each of the mortgages and deeds of trust on the real property listed on Schedule 4.8, Part I, if any, executed
and delivered by the Borrower or any Guarantor to the Collateral Agent, as the same may be amended, restated, supplemented or otherwise modified from time to time. 

“Multiemployer Plan”: a Plan which is a multiemployer plan as defined in Section 4001(a)(3) of ERISA to which any member
of the ERISA Group is then making or accruing an obligation to make contributions or has any liability (whether actual or contingent). 

“Net Cash Proceeds”: (i) with respect to any Asset Sale, any Recovery Event, the issuance of any debt securities or any
borrowings by the Borrower or any of its Subsidiaries (other than issuances and borrowings permitted pursuant to subsection 7.2, except as otherwise 

  
 22 

 specified), an amount equal to the gross proceeds in cash and Cash Equivalents of such Asset Sale, Recovery
Event, issuance or borrowing, net of (a) reasonable attorneys’ fees, accountants’ fees, brokerage, consultant and other customary fees, underwriting commissions and other reasonable fees and expenses actually incurred in connection
with such Asset Sale, Recovery Event, issuance or borrowing, (b) taxes paid or reasonably estimated to be payable (including for the avoidance of doubt amounts paid or reasonably estimated to be payable under the Tax Sharing Agreement) as a
result thereof, (c) appropriate amounts provided or to be provided by the Borrower or any of its Subsidiaries as a reserve, in accordance with GAAP, with respect to any liabilities associated with such Asset Sale or Recovery Event and retained
by the Borrower or any such Subsidiary after such Asset Sale or Recovery Event and other appropriate amounts to be used by the Borrower or any of its Subsidiaries to discharge or pay on a current basis any other liabilities associated with such
Asset Sale or Recovery Event and (d) in the case of a sale or Recovery Event of or involving an asset subject to a Lien securing any Indebtedness, payments made and installment payments required to be made to repay such Indebtedness, including,
without limitation, payments in respect of principal, interest and prepayment premiums and penalties and (ii) in connection with any Public Equity Issuance or other issuance of sale of Capital Stock or issuance or sale of debt securities or
instruments or the incurrence of Indebtedness, in each case, by Holdings, the Borrower or any Subsidiary, the cash proceeds received from such issuance or incurrence, net of transaction costs, attorneys’ fees, investment banking fees,
accountants’ fees, consulting fees, underwriting discounts and commissions, placement fees and other reasonable fees and expenses (including legal fees and expenses) actually incurred in connection therewith. 

“Non-Consenting Lender”: as defined in subsection 3.12(c). 

“Non-Excluded Taxes”: as defined in subsection 3.10(a). 

“Notes”: as defined in subsection 2.2(a). 

“****”: collectively, ****, and any Affiliate of the foregoing as may from time to time be agreed between the Borrower and
the Administrative Agent. 
 “**** Accounts”: Accounts owing to any Loan Party by ****. 

“**** Accounts Purchaser”: a financial institution, commercial finance company, factor or other Person acceptable to the
Administrative Agent, and any successor or replacement of such Person acceptable to the Administrative Agent. 
 “**** Purchased
Accounts”: those **** Accounts which are sold, assigned or transferred in connection with the Permitted **** Accounts Purchase Program. 

“**** Receivables Debt”: the Indebtedness (if any) of any Loan Party as evidenced by the **** Receivables Documents. 

  
 23 

 “**** Receivables Documents”: collectively, (a) a receivables purchase
agreement or other agreements to transfer, or create a security interest in, the **** Accounts entered into by a Loan Party and (b) each other instrument, agreement and document related to the transactions contemplated by the agreement referred
to in clause (a) of this definition, each in form and substance satisfactory to the Administrative Agent and as each may be restated, supplemented or otherwise modified from time to time in accordance with the terms hereof. 

“Obligations”: collectively, the Borrower Obligations, Holdings Obligations and the Guarantor Obligations. 

“OFAC”: the U.S. Department of the Treasury’s Office of Foreign Assets Control. 

“Offered Loans”: as defined in subsection 3.4(f)(iii). 

“Other Taxes”: as defined in subsection 3.10(a). 

“Owner/Operators”: individuals who are retained by the Borrower or any of its Subsidiaries as independent contractors and who
own and drive their own tractors on behalf of the Borrower or any of its Subsidiaries. 
 “Participant Register” as defined
in subsection 10.7(d). 
 “Participants”: as defined in subsection 10.7(d). 

“PATRIOT Act”: the USA PATRIOT Act, Title III of Pub. L. 107-56, signed into law on October 26, 2001, as amended from
time to time. 
 “PBGC”: the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA
(or any successor thereto). 
 “Pension Plan”: any single employer “employee pension benefit plan” within the
meaning of Section 3(2) of ERISA which is subject to Title IV of ERISA or Section 412 of the Code, which is maintained, contributed to or sponsored in whole or in part by any member of the ERISA Group, or with respect to which any of the
foregoing have any liability (whether actual or contingent), but excluding any Multiemployer Plan. 
 “Permitted
Amendments”: as defined in subsection 10.1(c). 
 “Permitted Hedging Arrangement”: any Interest Rate Protection
Agreement which (a) has been entered into by the Borrower with a Lender Counterparty and (b) the Administrative Agent has acknowledged in writing constitutes a “Permitted Hedging Arrangement” hereunder; provided that in no
event shall any Hedge Obligations (as defined under the ABL Credit Agreement as of the date hereof) constitute a Permitted Hedging Arrangement. 

“Permitted Liens”: Liens permitted by subsection 7.3. 

  
 24 

 “Permitted **** Accounts Purchase Program”: as defined in the ABL Credit
Agreement. 
 “Person”: an individual, partnership, corporation, limited liability company, business trust, joint stock
company, trust, unincorporated association, joint venture, Governmental Authority or other entity of whatever nature. 

“Plan”: any “employee benefit plan” as defined in Section 3(3) of ERISA which is maintained by Holdings, the
Borrower or any of their Subsidiaries in whole or in part for current or former employees (or any beneficiary thereof) of the Borrower or any of its Subsidiaries, as the case may be. 

“Platform”: IntraLinks, SyndTrak or another relevant website or other information platform. 

“Preferred Stock”: the Series A Preferred Stock, par value $0.01 per share, issued by Holdings pursuant to the terms of
Holdings’ Restated Certificate of Incorporation. 
 “Pro Forma Balance Sheets”: as defined in subsection 4.1(b). 

“Pro Forma Basis”: on a basis such that (a) (i) pro forma effect will be given to any Indebtedness incurred during
or after the reference period to the extent the Indebtedness is outstanding or is to be incurred on the date of determination as if the Indebtedness had been incurred on the first day of the reference period, (ii) pro forma calculations of
interest on Indebtedness bearing a floating interest rate will be made as if the rate in effect on the date of determination (taking into account any Interest Rate Protection Agreement applicable to the Indebtedness if the Interest Rate Protection
Agreement has a remaining term of at least 12 months) had been the applicable rate for the entire reference period; and (iii) items related to any Indebtedness no longer outstanding or to be repaid, redeemed or defeased on the date of
determination (including, without limitation, for purposes of this calculation, interest, fees, debt discounts, charges and other items) will be excluded and such Indebtedness shall be deemed to have been repaid, redeemed or defeased as of the first
day of the applicable period; and (b) unless otherwise specifically provided herein, otherwise in accordance with the application of GAAP and Article 11 of Regulation S-X promulgated under the Securities Act, or otherwise in express compliance
with the definition of the financial metric being calculated. 
 “Proposed Discounted Prepayment Amount”: as defined in
subsection 3.4(f)(ii). 
 “Public Equity Issuance”: any issuance by Holdings, the Borrower or any Subsidiary of its Capital
Stock to the public by means of an offering registered with the SEC. 
 “Purchasing Borrower Party”: the Borrower or any
Subsidiary of the Borrower that makes a Discounted Voluntary Prepayment pursuant to subsection 3.4(f). 
 “Qualifying
Lenders”: as defined in subsection 3.4(f)(iv). 
 “Qualifying Loans”: as defined in subsection 3.4(f)(iv). 

  
 25 

 “Recovery Event”: any settlement of or payment in respect of any property or
casualty insurance claim or any condemnation proceeding relating to any asset of the Borrower or any of its Subsidiaries giving rise to Net Cash Proceeds to the Borrower or such Subsidiary, as the case may be, in excess of $1,000,000, to the extent
that such settlement or payment does not constitute reimbursement or compensation for amounts previously paid or to be paid by the Borrower or any of its Subsidiaries in respect of any loss, casualty or condemnation. 

“Refinanced Loans”: as defined in subsection 10.1(b). 

“Register”: as defined in subsection 10.7(c). 

“Regulation D”: Regulation D of the Board as in effect from time to time. 

“Regulation T”: Regulation T of the Board as in effect from time to time. 

“Regulation U”: Regulation U of the Board as in effect from time to time. 

“Regulation X”: Regulation X of the Board as in effect from time to time. 

“Reinvested Amount”: with respect to any Asset Sale or Recovery Event, that portion of the Net Cash Proceeds thereof as
shall, according to a certificate of a Responsible Officer of the Borrower delivered to the Administrative Agent within 30 days of such Asset Sale or Recovery Event, be reinvested in assets used or useful in the business of the Borrower or any of
its Subsidiaries in a manner consistent with the requirements of subsection 7.9 and the other provisions hereof within 365 days of the receipt of such Net Cash Proceeds with respect to any such Asset Sale or Recovery Event (or if committed to be
reinvested within 365 days after receipt of such Net Cash Proceeds, shall have been reinvested within 180 days thereafter); provided that, notwithstanding anything in this Agreement to the contrary, any Net Cash Proceeds not so reinvested by
the date required pursuant to the terms of this definition shall be utilized on such day to prepay the Loans pursuant to subsection 3.4(b). 

“Related Parties”: with respect to any Person, such Person’s Affiliates and the partners, directors, officers,
employees, agents, trustees and advisors of such Person and of such Person’s Affiliates. 
 “Relocation Properties
Cap”: as defined in subsection 7.1(c). 
 “Relocation Properties Line Item”: the “Relocation Properties Held
For Resale” line item in the balance sheet of the Borrower (excluding residential real properties under contract as of the date of determination and calculated without giving effect to any loss or expense associated with the write-down of home
inventory to the extent excluded from EBITDA pursuant to clause (i)(f) in the definition thereof). 
 “Relocation SPV”: as
defined in the definition of “Relocation SPV Financing”. 
 “Relocation SPV Financing”: the financing of
(a) purchases of residential properties, fixtures and related assets (including the funding of the full purchase price of such residential properties, fixtures and assets (including the pay-off of any existing mortgage

  
 26 

 
thereon), (b) the funding of advances to employees of customers in respect of the equity value of residential properties, fixtures and assets of such employees, and (c) other ordinary
course Employee Relocation Business activities of the Borrower, SIRVA Relocation, SRHL, SIRVA Global Relocation, Inc., a Delaware corporation, SIRVA Relocation Properties, or any of their respective Subsidiaries engaged in the Employee Relocation
Business, in each case by a special-purpose Subsidiary of Holdings that is not a Subsidiary of the Borrower or an unaffiliated third-party (the “Relocation SPV”); provided that (i) the lender of any Indebtedness of any
borrower or obligor with respect to such financing shall not have any recourse to any Loan Party for payment of such Indebtedness, (ii) such Indebtedness shall not be secured by any property or assets of any Loan Party other than property or
assets the Disposition of which is permitted under clause (xi) of subsection 7.6(a) and (iii) such financing shall be upon terms and pursuant to documentation (as amended, restated, supplemented or otherwise modified from time to time) in
form and substance reasonably satisfactory to the Administrative Agent, as evidenced by its written approval thereof (such approval not to be unreasonably withheld); it being agreed that notwithstanding anything to the contrary herein, the
documentation governing the Securitization and the Relocation SPV Financing evidenced by that certain Purchase and Sale Agreement dated as of September 30, 2008, between SIRVA Relocation Funding, LLC, as buyer, and SIRVA Relocation LLC, as
seller and servicer, in each case, as in effect on the date hereof are reasonably satisfactory to the Administrative Agent. 

“Replacement Loans”: as defined in subsection 10.1(b). 

“Required Lenders”: at any time, Lenders the aggregate outstanding Loans of which aggregate greater than 50%; provided
that the Loans of any Defaulting Lender shall be disregarded in the determination of the calculation of Required Lenders. 

“Required Prepayment Date”: as defined in subsection 3.4(h). 

“Requirement of Law”: as to any Person, the certificate of incorporation and bylaws or other organizational or governing
documents of such Person, and any law, statute, ordinance, code, decree, 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
material property or to which such Person or any of its material property is subject, including, without limitation, laws, ordinances and regulations pertaining to zoning, occupancy and subdivision of real properties; provided that the
foregoing shall not apply to any non-binding recommendation of any Governmental Authority. 
 “Residential Properties”: as
defined in subsection 4.8. 
 “Responsible Officer”: as to any Person, any of the following officers of such Person:
(a) the chief executive officer or the president of such Person and, with respect to financial matters, the chief financial officer, the treasurer or the controller of such Person, and (b) any vice president of such Person or, with respect
to financial matters, any assistant treasurer or assistant controller of such Person; provided that the Secretary or Assistant Secretary of such Person shall have delivered an incumbency certificate to the Administrative Agent as to the
authority of such Responsible Officer. 

  
 27 

 “Sale and Leaseback Transaction”: as defined in subsection 7.12. 

“Sanctioned Country”: a country subject to a sanctions program identified on the list maintained by OFAC and available at
http://www.treas.gov/offices/enforcement/ofac/ programs/index.shtml, or as otherwise published from time to time. 
 “Sanctioned
Person”: (a) a Person named on the list of “Specially Designated Nationals and Blocked Persons” maintained by OFAC and available at http://www.treas.gov/offices/enforcement/ofac/sdn/ index.shtml, or as otherwise published
from time to time, or (b) (i) an agency of the government of a Sanctioned Country, (ii) an organization controlled by a Sanctioned Country or (iii) a Person resident in a Sanctioned Country, to the extent subject to a sanctions
program administered by OFAC. 
 “S&P”: as defined in the definition of “Cash Equivalents” in this subsection
1.1. 
 “SEC”: the Securities and Exchange Commission (or successors thereto or an analogous Governmental Authority). 

“Secured Party”: as defined in the Guarantee and Collateral Agreement. 

“Securities Act”: the Securities Act of 1933, as amended from time to time. 

“Securitization”: the Relocation SPV Financing with Wells Fargo Bank, N.A. as agent for the receivables purchase program
maintained through SIRVA Relocation Credit. 
 “Security Documents”: the collective reference to the Mortgages, the
Guarantee and Collateral Agreement and all other similar security documents hereafter delivered to the Administrative Agent granting a Lien on any asset or assets of any Person to secure the obligations and liabilities of the Loan Parties hereunder
and under any of the other Loan Documents to which it is party, including, without limitation, any security documents executed and delivered or caused to be delivered to the Administrative Agent pursuant to subsection 6.9 or 6.10, in each case, as
amended, restated, supplemented or otherwise modified from time to time. 
 “Set”: the collective reference to Eurodollar
Loans, the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day). 

“SIRVA Finance Limited”: SIRVA Finance Limited, a company organized under the laws of England and Wales. 

“SIRVA Global Relocation”: SIRVA Global Relocation, Inc., a Delaware corporation. 

“SIRVA Mortgage”: SIRVA Mortgage, Inc., an Ohio corporation. 

“SIRVA Relocation”: SIRVA Relocation LLC, a Delaware limited liability company and Wholly Owned Subsidiary of the Borrower.

  
 28 

 “SIRVA Relocation Credit”: SIRVA Relocation Credit, LLC, a Delaware limited
liability company. 
 “SIRVA Relocation Properties”: SIRVA Relocation Properties, LLC, a Delaware limited liability
company. 
 “Solvent” and “Solvency”: with respect to any Person on a particular date, the condition that,
on such date, (a) the fair value of the property of such Person is greater than the total amount of liabilities, including, without limitation, contingent liabilities, of such Person, (b) the present fair salable value of the assets of
such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or
liabilities beyond such Person’s ability to pay as such debts and liabilities mature, and (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s
property would constitute an unreasonably small amount of capital. 
 “Specified Change of Control”: a “Change of
Control” (or any other defined term having a similar purpose) of Holdings or any of its Subsidiaries under the ABL Credit Agreement. 

“Sponsors”: Aurora and EGI. 

“SRHL”: SIRVA Relocation Holdings Limited, a company organized under the laws of England and Wales. 

“Subordinated Debt”: any unsecured Indebtedness of the Borrower or any of its Subsidiaries (a) having no scheduled
principal payments (whether by way of mandatory sinking fund, mandatory redemption, mandatory prepayment or otherwise) prior to the date that is 90 days after Termination Date and (b) the payment of the principal of and interest on which and
other obligations of the Borrower and its Subsidiaries in respect thereof are subordinated, on terms and conditions customarily contained in indentures for publicly issued high yield subordinated debt securities, to the prior payment in full of the
principal of and interest (including post-petition interest) on the Loans and all other payment obligations of the Loan Parties to the Administrative Agent and the Lenders hereunder and under the other Loan Documents. 

“Subordinated Intercompany Debt”: any Indebtedness of the Borrower or any other Loan Party owed to Holdings, the terms of
which are expressly subordinated in right of payment in full to the Obligations by the execution and delivery of the Intercompany Subordination Agreement. 

“Subsidiary”: as to any Person, a corporation, partnership, limited liability company or other entity (a) of which
shares of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other
managers of such corporation, partnership, limited liability company or other entity are at the time owned by such Person, or (b) the management of which is otherwise controlled, directly or 

  
 29 

 
indirectly through one or more intermediaries, or both, by such Person and, in the case of this clause (b), which is treated as a consolidated subsidiary for accounting purposes. Unless otherwise
qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of the Borrower. 

“Syndication Agent”: Wells Fargo Bank, N.A. 

“Tax”: means any present or future tax, levy, impost, duty, assessment, charge, fee, deduction or withholding (together with
interest, penalties and other additions thereto) of any nature and whatever called, by whomsoever, on whomsoever and wherever imposed, levied, collected, withheld or assessed; provided that “Tax on the overall net income” of a
Person shall be construed as a reference to a tax imposed by the jurisdiction in which that Person is organized or in which that Person’s applicable principal office (and/or, in the case of a Lender, its lending office) is located on all or
part of the overall net income, profits or gains (whether worldwide, or only insofar as such income, profits or gains are considered to arise in or to relate to a particular jurisdiction, or otherwise) of that Person (and/or, in the case of a
Lender, its applicable lending office). 
 “Tax Sharing Agreement”: the Tax Sharing Agreement, dated as of December 1,
2003, among Holdings, the Borrower and certain other Subsidiaries of Holdings, in form and substance reasonably satisfactory to the Administrative Agent, as amended and in effect on the date hereof and as the same may be further amended, restated,
supplemented or otherwise modified from time to time in accordance with subsection 7.16. 
 “Termination Conditions”: the
payment in full in cash or immediately available funds of the Obligations (including the payment of any termination amount then applicable (or which would or could become applicable as a result of the repayment of the other Obligations) under
Permitted Hedging Arrangements provided by Lender Counterparties) other than (i) unasserted contingent indemnification Obligations and (ii) any Obligations owing to Lender Counterparties under any Permitted Hedging Arrangement that, at
such time, are allowed by the applicable Lender Counterparty to remain outstanding without being required to be repaid. 

“Termination Date”: March 27, 2019. 

“Transactions”: collectively, (a) the entering into by the Loan Parties of the Loan Documents and the borrowing of the
Loans on the Closing Date, (b) the entering into by the Loan Parties of the ABL Credit Agreement and the ABL Collateral Documents and the borrowing of the loans thereunder, (c) the repayment of the Existing Indebtedness, (d) the
redemption of $109,000,000 of Preferred Stock, and (e) the payment of fees and expenses incurred in connection therewith. 

“Transferee”: any Participant or Eligible Assignee. 

“Treasury Rate”: as of any date of repayment, prepayment, refinancing or repricing of the Loans or other event described in
Section 3.4(g), the yield to maturity as of such date of the United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has become publicly
available at least two Business Days prior to such date (or, if such Statistical Release is no longer 

  
 30 

 
published, any publicly available source of similar market data)) most nearly equal to the period from such date to the 18-month anniversary of the Closing Date; provided, however,
that if the period from such date to the 18-month anniversary of the Closing Date is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year will be used. 

“Type”: as to any Loan, its nature as an ABR Loan or a Eurodollar Loan. 

“Underfunding”: the excess of the present value of all accrued benefits under a Plan (based on those assumptions used to fund
such Plan), determined as of the most recent annual valuation date, over the value of the assets of such Plan allocable to such accrued benefits. 

“Unrestricted Cash”: as of any date, unrestricted cash and Cash Equivalents owned by the Borrower and its Subsidiaries that
are not, and are not presently required under the terms of any agreement or other arrangement binding on the Borrower or any Subsidiary on such date to be, (a) pledged to or held in one or more accounts under the control of one or more
creditors of the Borrower or any Subsidiary (other than to secure the Obligations or the ABL Obligations) or (b) otherwise segregated from the general assets of the Borrower and its Subsidiaries, in one or more special accounts or otherwise,
for the purpose of securing or providing a source of payment for Indebtedness or other obligations that are or from time to time may be owed to one or more creditors of the Borrower or any Subsidiary (other than to secure the Obligations or the ABL
Obligations). It is agreed that cash and Cash Equivalents held in ordinary deposit or security accounts and not subject to any existing or contingent restrictions on transfer by the Borrower or a Subsidiary will not be excluded from Unrestricted
Cash by reason of set-off rights or other Liens created by law or by applicable account agreements in favor of the depositary institutions or security intermediaries. 

“U.S. Tax Compliance Certificate”: as defined in subsection 3.10(b)(Y)(ii). 

“Waivable Mandatory Equity Proceeds Prepayment”: as defined in subsection 3.4(h). 

“Wells Fargo”: Wells Fargo Securities, LLC. 

“Wholly Owned Subsidiary”: as to any Person, any Subsidiary of such Person of which such Person owns, directly or indirectly
through one or more Wholly Owned Subsidiaries, all of the Capital Stock of such Subsidiary other than directors qualifying shares or shares held by nominees. 

“Yield Maintenance Amount”: as defined in subsection 3.4(g). 

1.2 Other Definitional Provisions. (a) Unless otherwise specified therein, all terms defined in this Agreement shall have the
defined meanings when used in any Notes, any other Loan Document or any certificate or other document made or delivered pursuant hereto. 

  
 31 

 (b) As used herein and in any Notes and any other Loan Document, and any certificate or other
document made or delivered pursuant hereto or thereto, accounting terms relating to the Borrower and its Subsidiaries not defined in subsection 1.1 and accounting terms partly defined in subsection 1.1, to the extent not defined, shall have the
respective meanings given to them under GAAP. 
 (c) The words “hereof”, “herein” and “hereunder” and words of
similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, subsection, Schedule and Exhibit references are to this Agreement unless otherwise specified. The
phrase “the date hereof” and phrases of similar import when used in this Agreement shall refer to March 27, 2013. 
 (d) The
meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms. 
 SECTION 2. AMOUNT
AND TERMS OF COMMITMENTS 
 2.1 Loans. Subject to the terms and conditions hereof, each Lender, severally and not jointly with the
other Lenders, agrees to make a single loan (the “Loan”) to the Borrower on the Closing Date in an amount not to exceed such Lender’s Commitment. The Loans may from time to time be Eurodollar Loans or ABR Loans, as determined
by the Borrower and notified to the Administrative Agent in accordance with subsection 3.2. Amounts prepaid on account of the Loans may not be reborrowed. 

2.2 Notes. (a) The Borrower agrees that, upon the request to the Administrative Agent by any Lender, in order to evidence such
Lender’s Loan, the Borrower will execute and deliver to such Lender a promissory note substantially in the form of Exhibit A (each, as amended, restated, supplemented or otherwise modified from time to time, a “Note”), with
appropriate insertions therein as to payee, date and principal amount, payable to the order of such Lender and in a principal amount equal to the lesser of (x) the amount of such Lender’s Commitment and (y) the unpaid principal amount
of the Loans made by such Lender to the Borrower. Each Note shall (i) be dated the Closing Date, (ii) be payable as provided in subsection 2.4(a), and (iii) provide for the payment of interest in accordance with subsection 3.1. 

(b) The aggregate Loans of all the Lenders shall be payable in consecutive quarterly installments (subject to reduction as provided in
subsection 3.4), on the dates and in the principal amounts equal to the respective amounts set forth below (together with all accrued interest thereon) opposite the applicable installment dates (or, if less, the aggregate amount of the Loans then
outstanding): 
  

					
	 Payment Date
	  	Principal Amortization
Payment Amount	 
	 June 30, 2013
	  	$	750,000	  
	 September 30, 2013
	  	$	750,000	  
	 December 31, 2013
	  	$	750,000	  
	 March 31, 2014
	  	$	750,000	  
	 June 30, 2014
	  	$	750,000	  
	 September 30, 2014
	  	$	750,000	  
	 December 31, 2014
	  	$	750,000	  

  
 32 

					
	 Payment Date
	  	Principal Amortization
Payment Amount	 
	 March 31, 2015
	  	$	750,000	  
	 June 30, 2015
	  	$	750,000	  
	 September 30, 2015
	  	$	750,000	  
	 December 31, 2015
	  	$	750,000	  
	 March 31, 2016
	  	$	750,000	  
	 June 30, 2016
	  	$	750,000	  
	 September 30, 2016
	  	$	750,000	  
	 December 31, 2016
	  	$	750,000	  
	 March 31, 2017
	  	$	750,000	  
	 June 30, 2017
	  	$	750,000	  
	 September 30, 2017
	  	$	750,000	  
	 December 31, 2017
	  	$	750,000	  
	 March 31, 2018
	  	$	750,000	  
	 June 30, 2018
	  	$	750,000	  
	 September 30, 2018
	  	$	750,000	  
	 December 31, 2018
	  	$	750,000	  
	 Termination Date
	  	 	Remaining Balance	  

 2.3 Procedure for Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice
(which notice must be received by the Administrative Agent prior to 1:00 P.M., New York City time), at least one Business Day (in the case of ABR Loans) or at least two Business Days (in the case of Eurodollar Loans) prior to the Closing Date
requesting that the Lenders make the Loans on the Closing Date and specifying (i) the amount to be borrowed, (ii) whether the Loans are to be initially Eurodollar Loans, ABR Loans or a combination and (iii) if the Loans are to be
entirely or partly Eurodollar Loans, the respective amounts of each such Type of Loan and the respective lengths of the initial Interest Periods therefor. Upon receipt of such notice the Administrative Agent shall promptly notify each Lender
thereof. Each Lender will make the amount of its pro rata share of the Loans available to the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in subsection 10.2 prior to 12:00
Noon, New York City time, on the Closing Date in Dollars and in funds immediately available to the Administrative Agent. The Administrative Agent shall on such date credit the account of the Borrower on the books of such office of the Administrative
Agent with the aggregate of the amounts made available to the Administrative Agent by the Lenders and in like funds as received by the Administrative Agent. 

2.4 Repayment of Loans. (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent, for the account of
each Lender, the amounts specified in subsection 2.2(b) (or, if less in any case, the aggregate amount of the Loans then outstanding), on the dates set forth in subsection 2.2(b) (or such earlier date on which the Loans become due and payable
pursuant to subsection 8.1). The Borrower hereby further agrees to pay interest on the unpaid principal amount of the Loans from time to time outstanding from the date hereof until payment in full thereof at the rates per annum, and on the dates,
set forth in subsection 3.1. 

  
 33 

 (b) Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing indebtedness of the Borrower to such Lender resulting from each Loan of such Lender from time to time, including, without limitation, the amounts of principal and interest payable and paid to such Lender from time to time under this
Agreement. 
 (c) The Administrative Agent shall maintain the Register pursuant to subsection 10.7(c), and a subaccount therein for each
Lender, in which shall be recorded (i) the amount of each Loan made hereunder, the Type thereof and each 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) both the amount of any sum received by the Administrative Agent hereunder from the Borrower and each Lender’s share thereof. 

(d) The entries made in the Register and the accounts of each Lender maintained pursuant to subsection 2.4(c) 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, absent manifest error; provided, however, that the failure of any Lender or the Administrative
Agent to maintain the Register or any such account, or any error therein, shall not in any manner affect the obligation of the Borrower to repay (with applicable interest) the Loans made to the Borrower by such Lender in accordance with the terms of
this Agreement. 
 SECTION 3. GENERAL PROVISIONS APPLICABLE TO LOANS 

3.1 Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with
respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin in effect for such day. 

(b) Each ABR Loan shall bear interest for each day that it is outstanding at a rate per annum equal to the ABR for such day plus the Applicable
Margin in effect for such day. 
 (c) If all or a portion of (i) the principal amount of any Loan, (ii) any interest payable
thereon or (iii) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the aggregate outstanding amount of the Loans and such overdue amount shall bear interest at a rate
per annum which is (A) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the relevant foregoing provisions of this subsection plus 2.00%, (B) in the case of interest, the rate that would be otherwise
applicable to principal of the related Loan pursuant to the relevant foregoing provisions of this subsection (other than clause (A) above) plus 2.00% and (C) in the case of other amounts, the rate described in paragraph (b) of this
subsection for ABR Loans plus 2.00%, in each case from the date of such non-payment until such overdue amount is paid in full (as well after as before judgment). 

(d) Interest shall be payable in arrears on each Interest Payment Date; provided that interest accruing pursuant to paragraph
(c) of this subsection shall be payable from time to time on demand. 

  
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 (e) It is the intention of the parties hereto to comply strictly with applicable usury laws;
accordingly, it is stipulated and agreed that the aggregate of all amounts which constitute interest under applicable usury laws, whether contracted for, charged, taken, reserved, or received, in connection with the indebtedness evidenced by this
Agreement or any Notes, or any other document relating or referring hereto or thereto, now or hereafter existing, shall never exceed under any circumstance whatsoever the maximum amount of interest allowed by applicable usury laws. 

3.2 Conversion and Continuation Options. (a) The Borrower may elect from time to time to convert outstanding Loans from Eurodollar
Loans to ABR Loans by delivering a Conversion/Continuation Notice to the Administrative Agent not later than 12:00 Noon, New York City time, at least three Business Days in advance of the proposed conversion date; provided that any such
conversion of Eurodollar Loans may only be made on the last day of an Interest Period with respect thereto unless the Borrower pays all breakage costs incurred in connection with such conversion. The Borrower may elect from time to time to convert
outstanding Loans from ABR Loans to Eurodollar Loans by delivering a Conversion/Continuation Notice to the Administrative Agent not later than 12:00 Noon, New York City time, at least three Business Days in advance of the proposed conversion date.
Any such notice of conversion to Eurodollar Loans shall specify the length of the initial Interest Period or Interest Periods therefor. Upon receipt of any such notice the Administrative Agent shall promptly notify each affected Lender thereof. All
or any part of outstanding Eurodollar Loans and ABR Loans may be converted as provided herein; provided that (i) (unless the Required Lenders otherwise consent) no Loan may be converted into a Eurodollar Loan when any Default or Event of
Default has occurred and is continuing and, in the case of any Default, the Administrative Agent has given notice to the Borrower that no such conversions may be made and (ii) no Loan may be converted into a Eurodollar Loan after the date that
is one month prior to the Termination Date. 
 (b) Any Eurodollar Loan may be continued as such upon the expiration of the then current
Interest Period with respect thereto by the Borrower delivering a Conversion/Continuation Notice to the Administrative Agent of the length of the next Interest Period to be applicable to such Loan, determined in accordance with the applicable
provisions of the definition of “Interest Period” set forth in subsection 1.1; provided that no Eurodollar Loan may be continued as such (i) (unless the Required Lenders otherwise consent) when any Default or Event of Default
has occurred and is continuing and, in the case of any Default, the Administrative Agent has given notice to the Borrower that no such continuations may be made or (ii) after the date that is one month prior to the Termination Date; and
provided, further, that in the case of Eurodollar Loans made or outstanding in Dollars, if the Borrower shall fail to give any required notice as described above in this subsection 3.2(b) or if such continuation is not permitted
pursuant to the preceding proviso such Eurodollar Loans shall be automatically converted to ABR Loans on the last day of such then expiring Interest Period. Upon receipt of any Conversion/Continuation Notice pursuant to this subsection 3.2(b), the
Administrative Agent shall promptly notify each affected Lender thereof. 
 (c) Except as otherwise provided herein, a
Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Loans shall be irrevocable on and after the related Interest Rate Determination Date, and the Borrower shall be bound to effect a conversion or continuation in
accordance therewith. 

  
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 3.3 Minimum Amounts of Sets. All borrowings, conversions and continuations of Loans
hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Set shall be
equal to $5,000,000, or a whole multiple of $1,000,000 in excess thereof, and so that there shall not be more than 10 Sets at any one time outstanding. 

3.4 Optional and Mandatory Prepayments. (a) The Borrower may at any time and from time to time prepay the Loans in whole or in
part, without premium or penalty (except as set forth in subsections 3.4(g) and 3.11 below), upon at least three Business Days’ irrevocable (except as otherwise provided below) notice (which notice must be received by the Administrative Agent
prior to 12:00 Noon, New York City time) by the Borrower to the Administrative Agent (in the case of Eurodollar Loans) or at least one Business Day’s irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00
Noon, New York City time) by the Borrower to the Administrative Agent (in the case of ABR Loans), specifying, in the case of any prepayment of Loans, the date and amount of prepayment and whether the prepayment is of Eurodollar Loans, ABR Loans or a
combination thereof, and, in each case if a combination thereof, the principal amount allocable to each. Upon the receipt of any such notice the Administrative Agent shall promptly notify each affected Lender thereof. If any such notice is given,
the amount specified in such notice shall be due and payable on the date specified therein, together with any amounts payable pursuant to subsections 3.4(g) and (if a Eurodollar Loan is prepaid other than at the end of the Interest Period applicable
thereto) 3.11 and accrued interest to such date on the amount prepaid. Partial prepayments of the Loans shall be applied to the remaining installments of principal thereof as directed by the Borrower. Partial prepayments pursuant to this subsection
3.4(a) shall be in an aggregate principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof; provided that, notwithstanding the foregoing, any Loan may be prepaid in its entirety. Notwithstanding anything to the
contrary contained in this Agreement, the Borrower may rescind any notice of prepayment under this subsection 3.4(a) if such prepayment would have resulted from a refinancing (and payment in full) of the Loans, which refinancing shall not be
consummated or otherwise shall be delayed. 
 (b) If on or after the Closing Date: 

(i) the Borrower or any of its Subsidiaries shall incur Indebtedness for borrowed money (other than Indebtedness permitted
pursuant to subsection 7.2) pursuant to a public offering or private placement or otherwise, 
 (ii) the Borrower or any of
its Subsidiaries shall make an Asset Sale (other than pursuant to clauses (i), (ii), (iii), (iv), (vi), (ix), (x), (xi) and (xii) of subsection 7.6(a)), 

(iii) a Recovery Event occurs, or 

(iv) a Public Equity Issuance occurs, 

then, in each case, the Borrower shall prepay, in accordance with this subsection 3.4(b), the Loans in an amount equal to: 

  
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 (x) in the case of the incurrence of any such Indebtedness, 100% of the Net Cash
Proceeds thereof, 
 (y) in the case of any such Asset Sale or Recovery Event, 100% of the Net Cash Proceeds thereof
minus any Reinvested Amounts (subject to the requirements of Section 2.4(e) of the ABL Credit Agreement), and 

(z) in the case of any such Public Equity Issuance, 50% of the Net Cash Proceeds thereof; provided that, the Borrower
shall not be required to prepay the Loans in accordance with this clause (z), if, after giving effect to such Public Equity Issuance on a Pro Forma Basis, the Consolidated Leverage Ratio would not be greater than 2.50:1.00, 

in each such case with such prepayment to be made (A) in the case of clause (x), on the date of incurrence of such Indebtedness or (B) in the case
of clauses (y) and (z), on the fifth Business Day following the date of receipt of any such Net Cash Proceeds. 
 (c) On or prior to
June 30 of each fiscal year, commencing with the fiscal year ending December 31, 2014, the Borrower shall prepay, in accordance with subsection 3.4(d), the Loans in an amount equal to the excess (if any) of (i) the ECF Percentage of
the Borrower’s Excess Cash Flow for the fiscal year ending on the immediately preceding December 31 minus (ii) the aggregate principal amount of Loans optionally prepaid pursuant to subsection 3.4(a) during the applicable
fiscal year covered by such financial statements. 
 (d) Prepayments of Loans pursuant to subsections 3.4(b) and (c) shall be applied
first, to the next eight scheduled installments of principal thereof in direct order of maturity and thereafter, pro rata to the remaining installments of principal thereof. 

(e) Amounts prepaid on account of Loans pursuant to subsection 3.4(a), 3.4(b) or 3.4(c) may not be reborrowed. 

(f) Discounted Prepayments. 

(i) Notwithstanding anything to the contrary in subsection 3.4(a) or 3.7 (which provisions shall not be applicable to this
subsection 3.4(f)) or any other provision of this Agreement, any Purchasing Borrower Party shall have the right at any time and from time to time to prepay Loans at a discount to the par value of such Loans and on a non pro rata basis
(each, a “Discounted Voluntary Prepayment”) pursuant to the procedures described in this subsection 3.4(f); provided that (A) any Discounted Voluntary Prepayment shall be offered to all Lenders with Loans on a pro
rata basis and (B) such Purchasing Borrower Party shall deliver to the Administrative Agent a certificate stating that (1) no Default or Event of Default has occurred and is continuing or would result from the Discounted Voluntary
Prepayment (after giving effect to any related waivers or amendments obtained in connection with such Discounted Voluntary Prepayment) and (2) each of the conditions to such Discounted Voluntary Prepayment contained in this subsection 3.4(f)
has been satisfied. 

  
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 (ii) To the extent a Purchasing Borrower Party seeks to make a Discounted
Voluntary Prepayment, such Purchasing Borrower Party will provide written notice to the Administrative Agent substantially in the form of Exhibit F hereto (each, a “Discounted Prepayment Option Notice”) that such Purchasing Borrower
Party desires to prepay Loans in an aggregate principal amount specified therein by the Purchasing Borrower Party (each, a “Proposed Discounted Prepayment Amount”), in each case at a discount to the par value of such Loans as
specified below. The Proposed Discounted Prepayment Amount of Loans shall not be less than Loans having a par value of $20,000,000. The Discounted Prepayment Option Notice shall further specify with respect to the proposed Discounted Voluntary
Prepayment: (A) the Proposed Discounted Prepayment Amount of Loans, (B) a discount range (which may be a single percentage) selected by the Purchasing Borrower Party with respect to such proposed Discounted Voluntary Prepayment
(representing the percentage of par of the principal amount of Loans to be prepaid) (the “Discount Range”), and (C) the date by which Lenders are required to indicate their election to participate in such proposed Discounted
Voluntary Prepayment which shall be at least five Business Days following the date of the Discounted Prepayment Option Notice (the “Acceptance Date”). 

(iii) Upon receipt of a Discounted Prepayment Option Notice in accordance with subsection 3.4(f)(ii), the Administrative Agent
shall promptly notify each Lender thereof. On or prior to the Acceptance Date, each such Lender may specify by written notice substantially in the form of Exhibit G hereto (each, a “Lender Participation Notice”) to the
Administrative Agent (A) a minimum price (the “Acceptable Price”) within the Discount Range (for example, 80% of the par value of the Loans to be prepaid) and (B) a maximum principal amount (subject to rounding
requirements specified by the Administrative Agent) of Loans with respect to which such Lender is willing to permit a Discounted Voluntary Prepayment at the Acceptable Price (“Offered Loans”). Based on the Acceptable Prices and
principal amounts of Loans specified by the Lenders in the applicable Lender Participation Notice, the Administrative Agent, in consultation with the Purchasing Borrower Party and subject to rounding requirements, shall determine the applicable
discount for Loans (the “Applicable Discount”), which Applicable Discount shall be (I) the percentage specified by the Purchasing Borrower Party if the Purchasing Borrower Party has selected a single percentage pursuant to
subsection 3.4(f)(ii) for the Discounted Voluntary Prepayment or (II) otherwise, the lowest Acceptable Price at which the Purchasing Borrower Party can pay the Proposed Discounted Prepayment Amount in full (determined by adding the principal amounts
of Offered Loans commencing with the Offered Loans with the lowest Acceptable Price); provided, however, that in the event that such Proposed Discounted Prepayment Amount cannot be repaid in full at any Acceptable Price, the Applicable
Discount shall be the highest Acceptable Price specified by the Lenders that is within the Discount Range. The Applicable Discount shall be applicable for all Lenders who have offered to participate in the Discounted Voluntary Prepayment and have
Qualifying Loans (as defined below). Any Lender with outstanding Loans whose Lender Participation Notice is not received by the Administrative Agent by the Acceptance Date shall be deemed to have declined to accept a Discounted Voluntary Prepayment
of any of its Loans at any discount to their par value within the Applicable Discount. For the avoidance of doubt, any Loans redeemed by the Borrower pursuant to a Discounted Voluntary Prepayment shall immediately cease to be outstanding. 

  
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 (iv) The Purchasing Borrower Party shall make a Discounted Voluntary Prepayment
by prepaying those Loans (or the respective portions thereof) offered by the Lenders (“Qualifying Lenders”) that specify an Acceptable Price that is equal to or lower than the Applicable Discount (“Qualifying
Loans”) at the Applicable Discount; provided that if the aggregate proceeds required to prepay all Qualifying Loans (disregarding any interest payable at such time) would exceed the amount of aggregate proceeds required to prepay the
Proposed Discounted Prepayment Amount, such amounts in each case calculated by applying the Applicable Discount, the Purchasing Borrower Party shall prepay such Qualifying Loans ratably among the Qualifying Lenders based on their respective
principal amounts of such Qualifying Loans (subject to rounding requirements specified by the Administrative Agent). If the aggregate proceeds required to prepay all Qualifying Loans (disregarding any interest payable at such time) would be less
than the amount of aggregate proceeds required to prepay the Proposed Discounted Prepayment Amount, such amounts in each case calculated by applying the Applicable Discount, the Purchasing Borrower Party shall prepay all Qualifying Loans. 

(v) Each Discounted Voluntary Prepayment shall be made within four Business Days of the Acceptance Date (or such other date as
the Administrative Agent shall reasonably agree, given the time required to calculate the Applicable Discount and determine the amount and holders of Qualifying Loans), without premium or penalty, upon irrevocable notice substantially in the form of
Exhibit H hereto (each, a “Discounted Voluntary Prepayment Notice”), delivered to the Administrative Agent no later than 11:00 A.M. (New York City time), three Business Days prior to the date of such Discounted Voluntary Prepayment,
which notice shall specify the date and amount of the Discounted Voluntary Prepayment and the Applicable Discount determined by the Administrative Agent. Upon receipt of any Discounted Voluntary Prepayment Notice the Administrative Agent shall
promptly notify each relevant Lender thereof. If any Discounted Voluntary Prepayment Notice is given, the amount specified in such notice shall be due and payable to the applicable Lenders, subject to the Applicable Discount on the applicable Loans,
on the date specified therein together with accrued interest (on the par principal amount) to but not including such date on the amount prepaid. 

(vi) To the extent not expressly provided for herein, each Discounted Voluntary Prepayment shall be consummated pursuant to
reasonable procedures (including as to timing, rounding and calculation of Applicable Discount in accordance with subsection 3.4(f)(iii) above) established by the Administrative Agent in consultation with the Borrower. 

(vii) Prior to the delivery of a Discounted Voluntary Prepayment Notice, upon written notice to the Administrative Agent, the
Purchasing Borrower Party may withdraw its offer to make a Discounted Voluntary Prepayment pursuant to any Discounted Prepayment Option Notice. 

  
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 (viii) The aggregate principal amount of the Loans outstanding shall be deemed
reduced by the full par value of the aggregate principal amount of the Loans prepaid on the date of any such Discounted Voluntary Prepayment. 

(ix) Each prepayment of the outstanding Loans pursuant to this subsection 3.4(f) shall be applied at par to principal repayment
installments of the Loans on a pro rata basis. 
 (x) Each of the parties hereto and any Lender participating
in any Discounted Voluntary Prepayment acknowledges and agrees that in connection with such assignment, (A) the Purchasing Borrower Party may have, and later may come into possession of, Excluded Information, (B) such Lender has,
independently and without reliance on such Purchasing Borrower Party, any of its Subsidiaries, the Administrative Agent or any of its Affiliates, made its own analysis and determination to participate in such assignment notwithstanding such
Lender’s lack of knowledge of the Excluded Information, (C) none of the Purchasing Borrower Party or any of its Subsidiaries, the Administrative Agent or any of its Affiliates shall have any liability to such Lender, and such Lender hereby
waives and releases, to the extent permitted by law, any claims such Lender may have against such Purchasing Borrower Party, any of its Subsidiaries, the Administrative Agent and any of its Affiliates, under applicable laws or otherwise, with
respect to the nondisclosure of the Excluded Information and (D) the Excluded Information may not be available to the Administrative Agent or the other Lenders. 

(g) Call Protection. In the event all or any portion of the Loans (i) are repaid, prepaid, effectively refinanced or repriced
pursuant to subsection 3.4 (other than subsection 3.4(b)(iii), 3.4(b)(iv), 3.4(c) or 3.4(f)) or through any waiver, consent or amendment (in connection with any waiver, consent or amendment to the Loans directed at, or the result of which would be,
the lowering of the effective interest cost or the weighted average yield of the Loans or the incurrence of any debt financing having an effective interest cost or weighted average yield that is less than the effective interest cost or weighted
average yield of the Loans) including, in each case, in connection with any exercise of the Borrower’s right to replace any Lender in accordance with subsection 3.12(c)) or (ii) become due and payable pursuant to subsection 8.1, in each
case on or prior to September 27, 2014, such repayments, prepayments, refinancings or repricings will be made with a prepayment premium in an amount (the “Yield Maintenance Amount”) equal to the present value of the sum of
(x) the Applicable Margin that would have been payable for the Eurodollar Rate applicable to the Loans plus (y) the greater of (1) the Eurodollar Rate “floor” (i.e. 1.25%) and (2) the Eurodollar Rate (assuming an
Interest Period of three months in effect on the date on which the applicable notice of repayment, prepayment, repricing or refinancing is given), in each case calculated as a rate per annum on the amount of the principal of such Loans repaid,
prepaid, refinanced or repriced from the date of such repayment, prepayment, refinancing or repricing until September 27, 2014 plus (z) the prepayment premium on the amount of the principal of such Loans repaid, prepaid, refinanced
or repriced that would have been payable on such Loans had such repayment, prepayment, refinancing or repricing been made after September 27, 2014 but on or prior to September 27, 2015 (in each case, computed on the basis of actual days
elapsed over a year of 360 days and using a discount rate equal to the Treasury Rate as of such prepayment date plus 50 basis points). After September 27, 2014, such repayments, prepayments, refinancings or repricings will be

  
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made with a prepayment premium in an amount equal to (x) 102.5% of the principal amount repaid, prepaid, refinanced or repriced if such repayment, prepayment, refinancing or repricing occurs
after September 27, 2014, but on or prior to September 27, 2015 and (y) 101% of the principal amount repaid, prepaid, refinanced or repriced if such repayment, prepayment, refinancing or repricing occurs after September 27, 2015
but on or prior to September 27, 2016. No prepayment premium will be required after September 27, 2016. 
 (h) Waivable
Mandatory Equity Proceeds Prepayment. Anything contained herein to the contrary notwithstanding, so long as any Loans are outstanding, in the event the Borrower is required to make any mandatory prepayment pursuant to subsection 3.4(b)(iv) (a
“Waivable Mandatory Equity Proceeds Prepayment”) of the Loans, not less than five Business Days prior to the date (the “Required Prepayment Date”) on which the Borrower is required to make such Waivable Mandatory
Equity Proceeds Prepayment, the Borrower shall notify the Administrative Agent of the amount of such prepayment, and the Administrative Agent will promptly thereafter notify each Lender holding an outstanding Loan of the amount of such Lender’s
Pro Rata Share of such Waivable Mandatory Equity Proceeds Prepayment and such Lender’s option to refuse such amount. Each such Lender may exercise such option by giving written notice to the Borrower and the Administrative Agent of its election
to do so on or before the third Business Day prior to the Required Prepayment Date (it being understood that any Lender which does not notify the Borrower and the Administrative Agent of its election to exercise such option on or before the third
Business Day prior to the Required Prepayment Date shall be deemed to have elected, as of such date, not to exercise such option). Upon receipt by the Administrative Agent of such notice, the Administrative Agent shall immediately notify the
Borrower of such election. Any amount so declined by any Lender shall be retained by the Borrower and/or applied by the Borrower in any manner not inconsistent with the terms of this Agreement. 

(i) Other Fees. The Borrower agrees to pay to the Administrative Agent any fees in the amounts and on the dates previously agreed to in
writing by the Borrower and the Administrative Agent in connection with this Agreement. 
 3.5 Computation of Interest and Fees.
(a) Interest (other than interest based on the Administrative Agent’s “prime rate”) shall be calculated on the basis of a 360-day year for the actual days elapsed, and interest based on the Administrative Agent’s “prime
rate” shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the affected Lenders of each determination of a
Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the ABR or the Applicable Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The
Administrative Agent shall as soon as practicable notify the Borrower and the affected Lenders of the effective date and the amount of each such change in interest rate. 

(b) Each determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be conclusive and
binding on the Borrower and the Lenders in the absence of manifest error. The Administrative Agent shall, at the request of the Borrower or any Lender, deliver to the Borrower or such Lender a statement showing in reasonable detail the calculations
used by the Administrative Agent in determining any interest rate pursuant to subsection 3.1, excluding any Eurodollar Rate which is based upon the Reuters Screen and any ABR which is based upon the Administrative Agent’s “prime
rate”. 

  
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 3.6 Inability to Determine Interest Rate. If prior to the first day of any Interest
Period, the Administrative Agent shall have determined (which determination shall be conclusive and binding upon the Borrower) that, by reason of circumstances affecting the relevant market, adequate and reasonable means do not exist for
ascertaining the Eurodollar Rate for such Interest Period, the Administrative Agent shall give telecopy or telephonic notice thereof to the Borrower and the Lenders as soon as practicable thereafter. If such notice is given (a) any Eurodollar
Loans requested to be made on the first day of such Interest Period shall be made as ABR Loans and (b) any Loans that were to have been converted on the first day of such Interest Period to or continued as Eurodollar Loans shall be converted to
or continued as ABR Loans. Until such notice has been withdrawn by the Administrative Agent, no further Eurodollar Loans shall be made or continued as such, nor shall the Borrower have the right to convert ABR Loans to Eurodollar Loans. 

3.7 Pro Rata Treatment and Payments. Each payment (including each prepayment other than any prepayment made in accordance with
subsection 3.4(f)) by the Borrower on account of principal of and interest on any Loans shall be allocated by the Administrative Agent pro rata according to the respective outstanding principal amounts of the Loans then held by the
Lenders. All payments (including prepayments) to be made by the Borrower hereunder, whether on account of principal, interest, fees or otherwise, shall be made without set-off or counterclaim or, except as permitted under subsection 3.10, other
deduction and shall be made on or prior to 1:00 P.M., New York City time, on the due date thereof to the Administrative Agent, for the account of the Lenders holding the relevant Loans, at the Administrative Agent’s office specified in
subsection 10.2, in Dollars in immediately available funds. Payments received by the Administrative Agent after such time shall be deemed to have been received on the next Business Day. The Administrative Agent shall distribute such payments to such
Lenders, if any such payment is received on or prior to 1:00 P.M., New York City time, on a Business Day, in like funds as received prior to the end of such Business Day and otherwise the Administrative Agent shall distribute such payment to such
Lenders on the next succeeding Business Day. If any payment hereunder (other than payments on the Eurodollar Loans) becomes due and payable on a day other than a Business Day, the maturity of such payment shall be extended to the next succeeding
Business Day, and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension. If any payment on a Eurodollar Loan becomes due and payable on a day other than a Business Day, the
maturity of such payment shall be extended to the next succeeding Business Day (and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension) unless the result of such extension
would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day. 

3.8 Illegality. Notwithstanding any other provision herein, if the adoption of or any change in any Requirement of Law or in the
interpretation or application thereof occurring after the Closing Date shall make it unlawful for any Lender to make or maintain any Eurodollar Loans (a) such Lender shall promptly give written notice of such circumstances to the Borrower and
the Administrative Agent (which notice shall be withdrawn whenever such 

  
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circumstances no longer exist), (b) the commitment of such Lender hereunder to make Eurodollar Loans, continue Eurodollar Loans as such and convert an ABR Loan to a Eurodollar Loan shall
forthwith be cancelled and, until such time as it shall no longer be unlawful for such Lender to make or maintain Eurodollar Loans, such Lender shall then have a commitment only to make an ABR Loan when a Eurodollar Loan is requested and
(c) such Lender’s Loans then outstanding as Eurodollar Loans, if any, shall be converted automatically to ABR Loans on the respective last days of the then current Interest Periods with respect to such Loans or within such earlier period
as required by law. If any such conversion or prepayment of a Eurodollar Loan occurs on a day which is not the last day of the then current Interest Period with respect thereto, the Borrower shall pay to such Lender such amounts, if any, as may be
required pursuant to subsection 3.11. 
 3.9 Requirements of Law. (a) If the adoption of or any change in any Requirement of Law
or in the interpretation or application thereof applicable to any Lender, or compliance by any Lender with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority, in each case made
subsequent to the Closing Date (or, if later, the date on which such Lender becomes a Lender): 
 (i) shall subject such
Lender to any Tax of any kind whatsoever with respect to any Eurodollar Loans made or maintained by it or its obligation to make or maintain Eurodollar Loans, or change the basis of taxation of payments to such Lender in respect thereof (other than
Taxes (i) that are Non-Excluded Taxes, (ii) Other Taxes or (iii) Excluded Taxes and the imposition of or changes in taxes measured by or imposed upon the overall net income, or franchise taxes, or taxes measured by or imposed upon
overall capital or net worth, or branch taxes (in the case of such capital, net worth or branch taxes, imposed in lieu of such net income tax), of such Lender or its applicable lending office, branch, or any Affiliate thereof); 

(ii) shall impose, modify or hold applicable any reserve, special deposit, compulsory loan or similar requirement against
assets held by, deposits or other liabilities in or for the account of, advances, loans or other extensions of credit by, or any other acquisition of funds by, any office of such Lender which is not otherwise included in the determination of the
Eurodollar Rate hereunder; or 
 (iii) shall impose on such Lender any other condition (excluding any tax of any kind
whatsoever); 
 and the result of any of the foregoing is to increase the cost to such Lender, by an amount which such Lender deems to be material, of
making, converting into, continuing or maintaining Eurodollar Loans or to reduce any amount receivable hereunder in respect thereof, then, in any such case, upon notice to the Borrower from such Lender, through the Administrative Agent, in
accordance herewith, the Borrower shall promptly pay such Lender, upon its demand, any additional amounts necessary to compensate such Lender for such increased cost or reduced amount receivable with respect to such Eurodollar Loans; provided
that, in any such case, the Borrower may elect to convert the Eurodollar Loans made by such Lender hereunder to ABR Loans by giving the Administrative Agent at least one Business Day’s notice of such election, in which case the Borrower shall
promptly pay to such Lender, upon demand, without duplication, 

  
 43 

 
amounts theretofor required to be paid to such Lender pursuant to this subsection 3.9(a) and such amounts, if any, as may be required pursuant to subsection 3.11; provided, further,
that the Borrower shall not be required to compensate such Lender pursuant to this subsection 3.9(a) for any increased costs incurred more than 180 days prior to the date that such Lender notifies the Borrower of the event giving rise to such
increased costs and of such Lender’s intention to claim compensation therefor; provided, further, that, if the event giving rise to such increased costs is retroactive, then the 180-day period referred to above shall be extended
to include the period of retroactive effect thereof. If any Lender becomes entitled to claim any additional amounts pursuant to this subsection, it shall provide prompt notice thereof to the Borrower, through the Administrative Agent, certifying
(x) that one of the events described in this subsection 3.9(a) has occurred and describing in reasonable detail the nature of such event, (y) as to the increased cost or reduced amount resulting from such event and (z) as to the
additional amount demanded by such Lender and a reasonably detailed explanation of the calculation thereof. Such a certificate as to any additional amounts payable pursuant to this subsection 3.9(a) submitted by such Lender, through the
Administrative Agent, to the Borrower shall be conclusive in the absence of manifest error. 
 (b) If the adoption of or any change in any
Requirement of Law or in the interpretation or application thereof applicable to any Lender, or compliance by any Lender with any request or directive (whether or not having the force of law) from any Governmental Authority, in each case made
subsequent to the Closing Date (or, if later, the date on which such Lender becomes a Lender) subjects any Lender to any Taxes (other than Taxes (i) that are Non-Excluded Taxes, (ii) Other Taxes or (iii) Excluded Taxes) on its loans,
loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto, and the result is an increase in the cost to such Lender of making, converting to, continuing or
maintaining any Loan or of maintaining its obligation to make any such Loan, or to reduce the amount of any sum received or receivable by such Lender hereunder (whether of principal, interest or any other amount), then, upon request of such Lender
(but subject to the limitations on retroactivity described in subsection 3.9(a)), the Borrower will pay to such Lender, as the case may be, such additional amount or amounts as will compensate such Lender, as the case may be, for such additional
costs incurred or reduction suffered. 
 (c) If any Lender shall have determined that the adoption of or any change in any Requirement of Law
regarding capital adequacy or in the interpretation or application thereof or compliance by such Lender or any corporation controlling such Lender with any request or directive regarding capital adequacy (whether or not having the force of law) from
any Governmental Authority, in each case, made subsequent to the Closing Date (or, if later, the date on which such Lender becomes a Lender), does or shall have the effect of reducing the rate of return on such Lender’s or such
corporation’s capital as a consequence of such Lender’s obligations hereunder to a level below that which such Lender or such corporation could have achieved but for such change or compliance (taking into consideration such Lender’s
or such corporation’s policies with respect to capital adequacy) by an amount deemed by such Lender to be material, then from time to time, within ten Business Days after submission by such Lender to the Borrower (with a copy to the
Administrative Agent) of a written request therefor certifying (x) that one of the events described in this subsection 3.9(c) has occurred and describing in reasonable detail the nature of such event, (y) as to the reduction of the rate of
return on capital resulting from such event and (z) as to the additional amount or amounts demanded by such 

  
 44 

 
Lender or corporation and a reasonably detailed explanation of the calculation thereof, the Borrower shall pay to such Lender such additional amount or amounts as will compensate such Lender or
corporation for such reduction; provided that the Borrower shall not be required to compensate a Lender pursuant to this subsection 3.9(c) for any reductions incurred more than 180 days prior to the date that such Lender notifies the Borrower
of the event giving rise to such reductions and of such Lender’s intention to claim compensation therefor; provided, further, that, if the event giving rise to such reductions is retroactive, then the 180-day period referred to
above shall be extended to include the period of retroactive effect thereof. Such a certificate as to any additional amounts payable pursuant to this subsection 3.9(c) submitted by such Lender, through the Administrative Agent, to the Borrower shall
be conclusive in the absence of manifest error. 
 (d) For the avoidance of doubt, this subsection 3.9 shall apply to all requests, rules,
guidelines or directives concerning liquidity and capital adequacy issued by any United States regulatory authority (i) under or in connection with the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act and
(ii) in connection with the implementation of the recommendations of the Bank for International Settlements or the Basel Committee on Banking Regulations and Supervisory Practices (or any successor or similar authority), regardless of the date
adopted, issued, promulgated or implemented; provided that the Borrower shall not be required to compensate any Lender pursuant to this subsection 3.9(d) for any increased costs incurred more than 180-days prior to the date that such Lender
notifies the Borrower of the event giving rise to such increased costs and of such Lender’s intention to claim compensation therefor; provided, further, that, if the event giving rise to such increased costs is retroactive, then
the 180 day period referred to above shall be extended to include the period of retroactive effect thereof. 
 3.10 Taxes.
(a) Except as provided below in this subsection 3.10(a), all payments made by or on behalf of any Loan Party under this Agreement, any Notes and any other Loan Document shall be made free and clear of, and without deduction or withholding for
or on account of, any present or future income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings, now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority, excluding
(i) net income and franchise taxes or similar taxes, however denominated, imposed in lieu of net income taxes, and branch profit taxes, in each case imposed by reason of any present or former connection between the jurisdiction imposing such
tax and such Lender, applicable lending office, branch or Affiliate other than a connection arising solely from such Lender having executed, delivered or performed its obligations under, or received payment under or enforced, this Agreement, any
Notes or any other Loan Document, (ii) any taxes imposed under FATCA, and (iii) United States federal, state or local withholding taxes imposed on amounts payable to such Administrative Agent or Lender under the Loans at the time such
Administrative Agent or Lender becomes a party to this Agreement, or designates a new lending office hereunder except to the extent that such Lender’s assignor (if any) was entitled, at the time of assignment (or sale), to secure additional
amounts with respect to such Taxes (any Taxes described in any of clauses (i) through (iii), “Excluded Taxes”). If any such non-excluded taxes, levies, imposts, duties, charges, fees, deductions or withholdings
(“Non-Excluded Taxes”) are required to be paid due to any amounts payable to the Administrative Agent or any Lender hereunder or under any Notes, (A) the amounts so payable to the Administrative Agent or such Lender shall be
increased to the extent necessary to yield to 

  
 45 

 
the Administrative Agent or such Lender (after payment of all Non-Excluded Taxes) interest or any such other amounts payable hereunder at the rates or in the amounts, specified in this Agreement
and (B) the applicable Loan Party shall make such deduction or withhold, and pay such amounts to the relevant Governmental Authority in accordance with applicable law; provided, however, that a Loan Party shall be entitled to
deduct and withhold any Non-Excluded Taxes and shall not be required to increase any such amounts payable to any Lender, if such Lender fails to comply with the requirements of paragraph (b), (c) or (d) of this subsection except to the
extent that both (i) such Lender’s assignor (if any) was entitled, at the time of assignment (or sale), to secure additional amounts with respect to such Non-Excluded Taxes and (ii) such Non-Excluded Taxes are not attributable to the
failure of such Lender to comply with the requirements of paragraph (b), (c) or (d) of this subsection. In addition, the Borrower shall pay any and all present or future stamp or documentary taxes or any other excise or property taxes,
charges or similar levies arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document (“Other Taxes”) to the relevant
Governmental Authority in accordance with applicable law, except any Other Taxes attributable to the sale or grant of an assignment or participation by a Lender. Whenever any Non-Excluded Taxes or Other Taxes are payable by a Loan Party, as promptly
as possible thereafter such Loan Party shall send to the Administrative Agent for its own account or for the account of such Lender, as the case may be, a certified copy of an original official receipt received by such Loan Party showing payment
thereof. If a Loan Party fails to pay any Non-Excluded Taxes or Other Taxes that it is required to pay hereunder when due to the appropriate taxing authority or fails to remit to the Administrative Agent the required receipts or other required
documentary evidence, the Borrower shall indemnify the Administrative Agent and the Lenders for any liability relating thereto, including such amounts, and any incremental taxes, interest or penalties that may become payable by the Administrative
Agent or any Lender as a result of any such failure, whether or not such Non-Excluded Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. 

(b) Each Lender (which term, for purposes of subsections 3.10(b), (c) and (d), unless the context otherwise requires, shall include
Administrative Agent and each other party entitled to receive payments from any of the Loan Parties under this Agreement), at such times as are reasonably requested by the Borrower or Administrative Agent, provide the Borrower and Administrative
Agent with any documentation prescribed by law or reasonably requested by the Borrower or Administrative Agent certifying as to any entitlement of such Lender to an exemption from, or reduction in, withholding Tax (or withholding of Taxes) with
respect to any payments to be made to such Lender or Agent under the Loan Documents. Without limiting the generality of the foregoing, each Lender that is a United States person shall deliver to the Borrower and the Administrative Agent on or prior
to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed originals of IRS Form W-9 certifying that such Lender is
exempt from U.S. federal backup withholding tax. Each Lender that is not a United States person (as such term is defined in Section 7701(a)(30) of the Code) shall: 

  
 46 

 (X) on or before the date of any payment by the Borrower under this Agreement or
any Notes to such Lender, deliver to the Borrower and the Administrative Agent (A) two duly completed original signed copies of United States Internal Revenue Service Form W-8BEN (certifying that it is a resident of the applicable country
within the meaning of the income tax treaty between the United States and that country) or Form W-8ECI, or successor applicable form, as the case may be, certifying that it is entitled to receive all payments under this Agreement and any Notes
without deduction or withholding of any United States federal income and withholding taxes (or a reduced rate in withholding taxes, if applicable) and (B) such other forms, documentation or certifications, as the case may be, certifying that it
is entitled to an exemption from United States backup withholding tax with respect to payments under this Agreement and any Notes; 

(i) deliver to the Borrower and the Administrative Agent two further copies of any such form or certification on or before the
date that any such form or certification expires or becomes obsolete and after the occurrence of any event requiring a change in the most recent form or certificate previously delivered by it to the Borrower; and 

(ii) obtain such extensions of time for filing and completing such forms or certifications as may reasonably be requested by
the Borrower or the Administrative Agent (or in the case of a Participant, the Lender which sold such participation); or 

(Y) in the case of any such Lender that is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code,

 (i) represent to the Borrower (for the benefit of the Borrower and the Administrative Agent) that it is not a bank within
the meaning of Section 881(c)(3)(A) of the Code; 
 (ii) agree to furnish to the Borrower on or before the date of any
payment by the Borrower, with a copy to the Administrative Agent, (A) two certificates substantially in the form of Exhibit B (any such certificate a “U.S. Tax Compliance Certificate”) and (B) two accurate and complete
original signed copies of Internal Revenue Service Form W-8BEN, or successor applicable form certifying to such Lender’s legal entitlement at the date of such certificate to an exemption from U.S. withholding tax under the provisions of
Section 871(h) or Section 881(c) of the Code with respect to payments to be made under this Agreement and any Notes (and to deliver to the Borrower and the Administrative Agent two further copies of such form or certificate on or before
the date it expires or becomes obsolete and after the occurrence of any event requiring a change in the most recently provided form or certificate and, if necessary, obtain any extensions of time reasonably requested by the Borrower or the
Administrative Agent for filing and completing such forms or certificates); and 
 (iii) agree, to the extent legally
entitled to do so, upon reasonable request by the Borrower, to provide to the Borrower (for the benefit of the Borrower and the Administrative Agent) such other forms as may be reasonably required in order to establish the legal entitlement of such
Lender to an exemption 

  
 47 

 from or reduction in rate of withholding with respect to payments under this Agreement and any
Notes; provided that in determining the reasonableness of a request under this clause (iii) such Lender shall be entitled to consider the cost (to the extent unreimbursed by the Borrower) which would be imposed on such Lender of
complying with such request; or 
 (Z) in the case of any such Lender that is a foreign intermediary or flow-through entity
for U.S. federal income tax purposes, 
 (i) on or before the date of any payment by the Borrower under this Agreement or any
Notes to such Lender, deliver to the Borrower and the Administrative Agent two accurate and complete original signed copies of United States Internal Revenue Service Form W-8IMY; and 

 

	 	(A)	with respect to each beneficiary or member of such Lender that is a bank within the meaning of Section 881(c)(3)(A) of the Code, on or before the date of any payment by the Borrower under this Agreement or any
Notes to such Lender, also deliver to the Borrower and the Administrative Agent (I) two duly completed original signed copies of United States Internal Revenue Service Form W-8BEN (certifying that such beneficiary or member is a resident of the
applicable country within the meaning of the income tax treaty between the United States and that country), Form W-8ECI or Form W-9, or successor applicable form, as the case may be, in each case certifying that each such beneficiary or member is
entitled to receive all payments under this Agreement and any Notes without deduction or withholding of any United States federal income and withholding taxes (or a reduced rate in withholding taxes, if applicable) and (II) such other forms,
documentation or certifications, as the case may be, certifying that each such beneficiary or member is entitled to an exemption from United States backup withholding tax with respect to all payments under this Agreement and any Notes; and

  

	 	(B)	with respect to each beneficiary or member of such Lender that is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (I) represent to the Borrower (for the benefit of the Borrower and the
Administrative Agent) that such beneficiary or member is not a bank within the meaning of Section 881(c)(3)(A) of the Code, and (II) also deliver to the Borrower and the Administrative Agent on or before the date of any payment by the Borrower
under this Agreement or any Notes to such Lender, (x) two accurate and complete original signed copies of Internal Revenue Service Form W-9, or successor applicable form, certifying that each such beneficiary or member is entitled to receive
all payments under this Agreement and any Notes without deduction or withholding of any United States federal income taxes, or (y) two U.S. Tax 

  
 48 

	 	Compliance Certificates from each beneficiary or member and two accurate and complete original signed copies of Internal Revenue Service Form W-8BEN, or successor applicable form, certifying to such beneficiary’s
or member’s legal entitlement at the date of such certificate to an exemption from U.S. withholding tax under the provisions of Section 871(h) or Section 881(c) of the Code with respect to payments to be made under this Agreement and
any Notes; 

 (ii) deliver to the Borrower and the Administrative Agent two further copies of any such forms,
certificates or certifications referred to above on or before the date any such form, certificate or certification expires or becomes obsolete, or any beneficiary or member changes, and after the occurrence of any event requiring a change in the
most recently provided form, certificate or certification and, obtain such extensions of time reasonably requested by the Borrower or the Administrative Agent for filing and completing such forms, certificates or certifications; and 

(iii) agree, to the extent legally entitled to do so, upon reasonable request by the Borrower, to provide to the Borrower (for
the benefit of the Borrower and the Administrative Agent) such other forms as may be reasonably required in order to establish the legal entitlement of such Lender (or beneficiary or member) to an exemption from withholding with respect to payments
under this Agreement and any Notes; provided that in determining the reasonableness of a request under this clause (iii) such Lender shall be entitled to consider any material costs (to the extent unreimbursed by the Borrower) which
would be imposed on such Lender (or beneficiary or member) of complying with such request; 
 unless in any such case any change in treaty, law or
regulation has occurred after the date such Person becomes a Lender hereunder (or a beneficiary or member in the circumstances described in clause (Z) above, if later) which renders all such forms inapplicable or which would prevent such Lender
(or such beneficiary or member) from duly completing and delivering, any such form with respect to it and such Lender so advises the Borrower and the Administrative Agent. 

(c) If a payment 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 reporting requirements of FATCA applicable to such Lender (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 to comply with its obligations under FATCA, 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. 

  
 49 

 (d) Each Lender shall, upon reasonable request by the Borrower, deliver to the Borrower or the
applicable Governmental Authority, as the case may be, any form or certificate required in order that any payment by the Borrower under this Agreement or any Notes to such Lender may be made free and clear of, and without deduction or withholding
for or on account of any Non-Excluded Taxes (or to allow any such deduction or withholding to be at a reduced rate) imposed on such payment under the laws of any jurisdiction located outside the United States, provided that such Lender is
legally entitled to complete, execute and deliver such form or certificate and such completion, execution or submission would not materially prejudice the legal or commercial position of such Lender; provided, further, that in
determining the reasonableness of a request under this subsection 3.10(d), such Lender shall be entitled to consider any material costs (to the extent unreimbursed by the Borrower) which would be imposed on such Lender of complying with such
request. 
 (e) Each Person that shall become a Lender or a Participant pursuant to subsection 10.7 shall, upon the effectiveness of the
related transfer, be required to provide all of the forms, certifications and statements required pursuant to this subsection 3.10(e); provided that, in the case of a Participant, the obligations of such Participant pursuant to subsection
3.10(b) or 3.10(c) shall be determined as if such Participant were a Lender except that such Participant shall furnish all such required forms, certifications and statements to the Lender from which the related participation shall have been
purchased. 
 (f) If any party determined that , in its sole discretion, exercised in good faith, that it has received a refund of any
Non-Excluded Taxes or Other Taxes as to which it has been indemnified pursuant to this subsection 3.10 (including through the payment of additional amounts under subsection 3.10(a)), it shall pay to the indemnifying party an amount equal to such
refund (but only to the extent of indemnity payments made, or additional amounts paid, by the indemnifying party under this Section with respect to the Non-Excluded Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses
of Administrative Agent or such Lender, as applicable, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that the indemnifying party, upon the request of the indemnified
party, agrees to repay the amount paid over to the indemnifying party (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the indemnified party in the event the indemnified party is required to repay
such refund to such Governmental Authority. This paragraph shall not be construed to require 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 Loan
Party or any other Person. 
 3.11 Indemnity. The Borrower agrees to indemnify each Lender and to hold each Lender harmless from any
loss or expense which such Lender may sustain or incur (other than through such Lender’s bad faith, gross negligence or willful misconduct) as a consequence of (a) default by the Borrower in making a borrowing of, conversion into or
continuation of Eurodollar Loans after the Borrower has given a notice requesting the same in accordance with the provisions of this Agreement, (b) default by the Borrower in making any prepayment or conversion of Eurodollar Loans after the
Borrower has given a notice thereof in accordance with the provisions of this Agreement or (c) the making of a payment of Eurodollar Loans or the conversion of Eurodollar Loans on a day which is not the last day of an Interest Period with
respect thereto. Such indemnification may include an amount equal to the excess, if any, of 

  
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(i) the amount of interest which would have accrued on the amount so prepaid, or converted, or not so borrowed, converted or continued, for the period from the date of such prepayment or
conversion or of such failure to borrow, convert or continue to the last day of the applicable Interest Period (or, in the case of a failure to borrow, convert or continue, the Interest Period that would have commenced on the date of such failure)
in each case at the applicable rate of interest for such Eurodollar Loans provided for herein (excluding, however, the Applicable Margin included therein, if any) over (ii) the amount of interest (as reasonably determined by such Lender)
which would have accrued to such Lender on such amount by placing such amount on deposit for a comparable period with leading banks in the interbank eurodollar market. If any Lender becomes entitled to claim any amounts under the indemnity contained
in this subsection 3.11, it shall provide prompt notice thereof to the Borrower, through the Administrative Agent, certifying (x) that one of the events described in clause (a), (b) or (c) has occurred and describing in reasonable
detail the nature of such event, (y) as to the loss or expense sustained or incurred by such Lender as a consequence thereof and (z) as to the amount for which such Lender seeks indemnification hereunder and a reasonably detailed
explanation of the calculation thereof. Such a certificate as to any indemnification pursuant to this subsection 3.11 submitted by such Lender, through the Administrative Agent, to the Borrower shall be conclusive in the absence of manifest error.

 3.12 Certain Rules Relating to the Payment of Additional Amounts. (a) If a Lender changes its applicable lending office
(other than pursuant to paragraph (c) below) and the effect of such change, as of the date of such change, would be the sole cause of the Borrower to become obligated to pay any additional amount under subsection 3.9 or 3.10, the Borrower shall
not be obligated to pay such additional amount. 
 (b) Each Lender agrees that, upon the occurrence of any event giving rise to the operation
of subsection 3.9 or 3.10 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
with the object of avoiding the consequences of such event; provided, that such designation is made on terms that, in the sole judgment of such Lender, cause such Lender and its lending office(s) to suffer no economic, legal or regulatory
disadvantage; provided further that nothing in this subsection 3.12(b) shall affect or postpone any of the obligations of the Borrower or the rights of any Lender pursuant to subsection 3.9 or 3.10. 

(c) The Borrower shall be permitted to replace any Lender (x) that requests reimbursement for amounts owing pursuant to subsection 3.9 or
3.10, (y) that is a Defaulting Lender or (z) whose consent the Borrower is unable to obtain in connection with any proposed amendment, modification, termination, waiver or consent with respect to any of the provisions hereof as
contemplated by subsection 10.1, where the consent of the Required Lenders shall have been obtained but the consent of one or more of such other Lenders (each, a “Non-Consenting Lender”) whose consent is required shall not have been
obtained; provided that (i) such replacement does not conflict with any Requirement of Law, (ii) no Event of Default shall have occurred and be continuing at the time of such replacement, (iii) with respect to clause
(x) above, prior to any such replacement, such Lender shall have taken no action under subsection 3.11 so as to eliminate the continued need for payment of amounts owing pursuant to subsection 3.9 or 3.10, (iv) the replacement financial
institution shall purchase, at par, all Loans and other amounts 

  
 51 

 
owing to such replaced Lender on or prior to the date of replacement, (v) the Borrower shall be liable to such replaced Lender under subsection 3.11 if any Eurodollar Loan owing to such
replaced Lender shall be purchased other than on the last day of the Interest Period relating thereto, (vi) the replacement financial institution shall be reasonably satisfactory to the Administrative Agent, (vii) the replaced Lender shall
be obligated to make such replacement in accordance with the provisions of subsection 10.7 (provided that the Borrower shall be obligated to pay the registration and processing fee referred to therein), (viii) until such time as such
replacement shall be consummated, the Borrower shall pay all additional amounts (if any) required pursuant to subsection 3.4(g), 3.9 or 3.10, as the case may be, (ix) in the event such Lender is a Non-Consenting Lender, such replacement Lender
shall consent, at the time of such assignment, to each matter in respect of which such Lender was a Non-Consenting Lender, (x) 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, and (xi) the replacement of a Lender pursuant to this subsection 3.12 shall not affect any liability or obligation of the Borrower or any other Lender to the replaced Lender which accrued
on or prior to the date of such replacement. 
 (d) If the Administrative Agent or any Lender determines in its sole discretion that it has
received a refund directly attributable to taxes for which the Borrower has made additional payments pursuant to subsection 3.9(a) or 3.10(a), the Administrative Agent or such Lender, as the case may be, shall promptly pay such refund (but only to
the extent of additional amounts paid) without interest, (other than interest received from the relevant taxing authority) to the Borrower net of all out of pocket expenses; provided, however, that the Borrower agrees promptly to
return such refund (together with any interest with respect thereto due to the relevant taxing authority) (free of all Non-Excluded Taxes) to the Administrative Agent or the applicable Lender, as the case may be, upon receipt of a notice that such
refund is required to be repaid to the relevant taxing authority. This paragraph shall not be construed to require the Administrative Agent or any Lender to make available its tax returns or any other information that it deems confidential. 

3.13 Fees. (a) The Borrower shall pay a closing fee equal to 2.0% (the “Closing Fee”) of the Loans outstanding on
the Closing Date, which Closing Fee shall be payable to the Administrative Agent for the account of each Lender as of and on the Closing Date and which Closing Fee may be paid as an additional upfront fee or original issue discount. Such Closing Fee
shall be fully earned when paid and shall not be refundable for any reason whatsoever. 
 (b) In addition to the Closing Fee, the Borrower
shall pay to the Agents such other fees in the amounts and at the times separately agreed upon. 

  
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 SECTION 4. REPRESENTATIONS AND WARRANTIES 

To induce the Administrative Agent to enter into this Agreement and each Lender to make the Loans on the Closing Date, each Loan Party hereby
represents and warrants, and with respect to subsections 4.3, 4.4 and 4.5, Holdings hereby represents and warrants, on the Closing Date, to the Administrative Agent and each Lender that: 

4.1 Financial Condition. (a) The audited consolidated balance sheets of each of Holdings and the Borrower as of December 31,
2010, December 31, 2011 and December 31, 2012, and the audited consolidated statements of income and cash flows of each of Holdings and the Borrower for the fiscal periods ended on such dates, reported on by and accompanied by
unqualified reports from, Ernst & Young LLP, present fairly, in all material respects, the consolidated financial condition as at such date, and the consolidated results of operations and consolidated cash flows for the respective fiscal
periods then ended, of Holdings and its consolidated Subsidiaries and of the Borrower and its consolidated Subsidiaries, as applicable. All such financial statements, including the related schedules and notes thereto, have been prepared in
accordance with GAAP consistently applied throughout the periods covered thereby (except as approved by a Responsible Officer of the Borrower or Holdings, as applicable, and disclosed in any such schedules and notes, and subject to the omission of
notes from such unaudited financial statements). 
 (b) The pro forma balance sheet of Holdings and its consolidated Subsidiaries
(“Holdings’ Pro Forma Balance Sheet”) and of the Borrower and its consolidated Subsidiaries (the “Borrower’s Pro Forma Balance Sheet”, and together with Holdings’ Pro Forma Balance Sheet, the
“Pro Forma Balance Sheets”), a copy of which has heretofore been furnished to each Lender, are the balance sheets of Holdings and its consolidated Subsidiaries and the Borrower and its consolidated Subsidiaries, in each case, as of
December 31, 2012, adjusted to give effect (as if such events had occurred on such date) to (i) the making of the Loans to be made on the Closing Date and the application of the proceeds thereof as contemplated hereby, and (ii) the
payment/credit of actual or estimated fees, expenses, financing costs and tax payments/credits related to the Transactions. 
 4.2 No
Change; Solvent. Since December 31, 2012, (a) there has been no development or event relating to or affecting the Borrower or any Guarantor which has had or would be reasonably expected to have a Material Adverse Effect (after giving
effect to the Transactions), and (b) no dividends or other distributions have been declared, paid or made upon the Capital Stock of the Borrower, nor has any of the Capital Stock of the Borrower been redeemed, retired, purchased or otherwise
acquired for value by Holdings or the Borrower or any of their respective Subsidiaries. As of the Closing Date, after giving effect to the consummation of the Transactions, the Borrower and the Guarantors on a consolidated basis are Solvent. 

4.3 Corporate Existence; Compliance with Law. Holdings and each Loan Party (a) is duly organized, validly existing and in good
standing under the laws of the jurisdiction of its incorporation or formation, (b) has the corporate power and authority, and the legal right, to own and operate its property, to lease the property it operates as lessee and to conduct the
business in which it is currently engaged, except to the extent that the failure to have such legal right would not be reasonably expected to have a Material Adverse Effect, (c) is duly 

  
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 qualified as a foreign corporation or limited liability company and in good standing under the laws of each
jurisdiction where its ownership, lease or operation of property or the conduct of its business requires such qualification, other than in such jurisdictions where the failure to be so qualified and in good standing would not be reasonably expected
to have a Material Adverse Effect, and (d) is in compliance with all Requirements of Law, except to the extent that the failure to comply therewith would not, in the aggregate, be reasonably expected to have a Material Adverse Effect. 

4.4 Corporate Power; Authorization; Enforceable Obligations. Holdings and each Loan Party has the corporate power and authority, and
the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to obtain the Loans hereunder, and each such Person has taken all necessary corporate action to authorize the execution,
delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the making of the Loans to it, if any, on the terms and conditions of this Agreement and any Notes. No consent or authorization of,
filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of Holdings or any Loan Party in connection with the execution, delivery, performance,
validity or enforceability of the Loan Documents to which it is a party or, in the case of the Borrower, with the making of the Loans to it, if any, hereunder, except for (a) consents, authorizations, notices and filings described in Schedule
4.4, all of which have been obtained or made prior to the Closing Date, (b) filings to perfect the Liens created by the Security Documents, (c) filings pursuant to the Assignment of Claims Act of 1940, as amended from time to time (31
U.S.C. § 3727 et seq.), in respect of Accounts and contracts of the Borrower and its Subsidiaries, the obligor in respect of which is the United States of America or any department, agency or instrumentality thereof and (d) consents,
authorizations, notices and filings which the failure to obtain or make would not reasonably be expected to have a Material Adverse Effect. This Agreement has been duly executed and delivered by Holdings and the Borrower, and each other Loan
Document to which Holdings or any Loan Party is a party has been or will be duly executed and delivered on behalf of such Person. This Agreement constitutes a legal, valid and binding obligation of Holdings and the Borrower, each other Loan Document
to which Holdings or any Loan Party is a party as executed and delivered does constitute, or when executed and delivered will constitute, a legal, valid and binding obligation of Holdings and such Loan Party, enforceable against such Person in
accordance with its terms, except as enforceability may be limited by applicable Debtor Relief Laws and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). 

4.5 No Legal Bar. The execution, delivery and performance of the Loan Documents by Holdings and any Loan Party, the making of the Loans
hereunder and the use of the proceeds thereof (a) will not violate any Requirement of Law, or Contractual Obligation or the certificate or articles of incorporation or formation and by-laws or operating agreement of Holdings or any Loan Party,
as applicable, in any respect that would reasonably be expected to have a Material Adverse Effect and (b) will not result in, or require, the creation or imposition of any Lien (other than the Liens permitted by subsection 7.3) on any of its
properties or revenues pursuant to any such Requirement of Law or Contractual Obligation. 

  
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 4.6 No Material Litigation. No litigation, investigation or proceeding of or before any
arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against any Loan Party or against any of their respective properties or revenues, (a) which is so pending or threatened at any time on or
prior to the Closing Date and relates to any of the Loan Documents or any of the transactions contemplated hereby or thereby or (b) which would be reasonably expected to have a Material Adverse Effect. 

4.7 No Default. Neither the Borrower nor any of its Subsidiaries is in violation of any Requirement of Law or is in default under or
with respect to any of its Contractual Obligations in any respect which would be reasonably expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing. 

4.8 Ownership of Property; Liens. Each of the Borrower and its Domestic Subsidiaries has good record and marketable title in fee simple
to, or a valid leasehold interest in, all its real property that, with respect to owned real property, has a purchase price or a Fair Market Value of at least $1,000,000 and with respect to leased real property, has an annual base rental rate of at
least $1,000,000 (excluding, in each case, any residential real estate acquired by SIRVA Relocation, SIRVA Global Relocation, SIRVA Relocation Canada ULC, the Borrower and SIRVA Relocation Properties as part of any of their Employee Relocation
Business (“Residential Properties”)), and none of such property is subject to any Lien, except for Permitted Liens. Other than Residential Properties, the properties listed on Part I of Schedule 4.8 constitute all the Material Real
Property as of the Closing Date and the properties listed on Part II of Schedule 4.8 constitute all of the United States real properties leased by the Borrower and its Domestic Subsidiaries as of the Closing Date with an annual base rental rate of
at least $1,000,000. 
 4.9 Intellectual Property. Except as would not, individually or in the aggregate, have a Material Adverse
Effect, each of the Borrower and its Subsidiaries owns, or has the legal right to use, all rights, priorities and privileges relating to intellectual property, whether arising under United States, multinational or foreign laws or otherwise,
including, without limitation, (i) patents (including all reissues thereof), patent licenses, patent applications (including all divisions, continuations and extensions thereof); (ii) trademarks, service marks, trade names, logos, Internet
domain names, and any applications for registration of any of the foregoing, trademark licenses and service mark licenses, together with all goodwill associated with each of the foregoing items within this clause (ii); (iii) copyrights and any
registrations and applications for registration therefor, copyright licenses; and (iv) technology, trade secrets, confidential information, know-how, and processes material (the “Intellectual Property”), for each of them to
conduct their business as currently conducted, free and clear of all Liens other than Permitted Liens. Except as could not reasonably be expected to have a Material Adverse Effect, all such Intellectual Property owned and used by the Borrower and
its Subsidiaries in the conduct of their business as currently conducted remains in full force and effect and is valid and enforceable and all registrations and applications for such Intellectual Property have not expired or been abandoned. Except
as provided on Schedule 4.9, no claim, suit, action or proceeding has been asserted or is pending or threatened in writing by any Person challenging or questioning the ownership or use of any such Intellectual Property owned by the Borrower or any
of its Subsidiaries or the validity or effectiveness or asserting the misappropriation, infringement or other violation of any such Intellectual Property, nor does the Borrower know of any valid basis 

  
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 for any such claim, and, to the knowledge of the Borrower, the use of such Intellectual Property by the Borrower
and its Subsidiaries does not infringe, misappropriate or otherwise violate the rights of any Person, except for such claims and infringements which, in the aggregate, would not be reasonably expected to have a Material Adverse Effect. 

4.10 Taxes. The Borrower, each of its Subsidiaries and each other Loan Party has filed or caused to be filed all United States federal
income tax returns and all other material tax returns which are required to be filed and all such tax returns are correct in all material respects and has paid (a) all taxes due and payable on such returns and (b) all taxes shown to be due
and payable on any assessments of which it has received notice made against it or any of its property and all other taxes, fees or other charges imposed on it or any of its property by any Governmental Authority (other than any (i) taxes, fees
or other charges with respect to which the failure to pay, in the aggregate, would not have a Material Adverse Effect or (ii) taxes, fees or other charges the amount or validity of which are currently being contested in good faith by
appropriate proceedings diligently conducted and with respect to which reserves in conformity with GAAP have been provided on the books of the Borrower, its Subsidiaries or such other Loan Party, as the case may be); and no tax Lien has been filed,
and no claim is being asserted, with respect to any such tax, fee or other charge. 
 4.11 Federal Regulations. No part of the
proceeds of any of the Loans will be used for any purpose which violates the provisions of the Regulations of the Board, including without limitation, Regulation T, Regulation U or Regulation X of the Board. If requested by any Lender or the
Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form G-3 or FR Form U-1, referred to in said Regulation U. 

4.12 ERISA. Except as would, either individually or in the aggregate, not have or are not reasonably likely to result in a Material
Adverse Effect: (i) no ERISA Event has occurred or is reasonably expected to occur; and (ii) there is no Underfunding with respect to any Pension Plan. 

4.13 Collateral. Upon execution and delivery thereof by the parties thereto, the Guarantee and Collateral Agreement and the Mortgages
(in the case of the Mortgages, upon execution and delivery thereof by the parties thereto and the due recording thereof) will be effective to create (to the extent provided therein) in favor of the Administrative Agent, for its benefit and for the
ratable benefit of the Lenders, a legal, valid and enforceable security interest in the Collateral described therein (with respect to Intellectual Property if and to the extent perfection may be achieved by the filings set forth in this subsection
4.13) (except in the case of the Mortgages and the Collateral described therein, any Collateral not consisting of real property or fixtures), except as may be limited by applicable Debtor Relief Laws, general equitable principles (whether considered
in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. When (a) the Filings (as defined in the Guarantee and Collateral Agreement) have been duly made, (b) all applicable Instruments, Chattel Paper and
Documents (each as defined in the Guarantee and Collateral Agreement) a security interest in which is perfected by possession have been delivered to, and/or are in the continued possession of, the Administrative Agent, (c) the Consolidation
Accounts and Investment Property (each as defined in the Guarantee and Collateral Agreement) (other than any Excluded Account (as defined in the 

  
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 Guarantee and Collateral Agreement)) in which a security interest is required to be perfected by
“control” (as described in the Uniform Commercial Code as in effect in the State of New York from time to time) under the Guarantee and Collateral Agreement are under the “control” of the Administrative Agent, (d) the
Mortgages have been duly recorded and (e) with respect to Intellectual Property, all applicable filings and recordations have been made with the United States Patent and Trademark Office and the United States Copyright Office, as applicable,
the security interests granted pursuant thereto shall constitute (to the extent provided therein) a perfected security interest in, all right, title and interest of each pledgor or mortgagor (as applicable) party thereto in the Collateral described
therein (other than any Collateral not consisting of real property or fixtures) with respect to such pledgor or mortgagor (as applicable) (with such priority as provided for in the Intercreditor Agreement). Notwithstanding any other provision of
this Agreement, capitalized terms which are used in this subsection 4.13 and not defined in this Agreement are so used as defined in the applicable Security Document. Nothing in this Agreement shall require the Borrower to make any filings or take
any other actions outside the United States to record or perfect the security interest in favor of the Administrative Agent in any Intellectual Property. 

4.14 Investment Company Act; Other Regulations. The Borrower is not an “investment company”, or a company
“controlled” by an “investment company”, within the meaning of the Investment Company Act. The Borrower is not subject to regulation under any Federal or State statute or regulation (other than Regulation X of the Board) which
limits its ability to incur Indebtedness as contemplated hereby. 
 4.15 Subsidiaries. Schedule 4.15 sets forth all the Subsidiaries
of Holdings at the Closing Date, the jurisdiction of their incorporation and the direct or indirect ownership interest of Holdings therein. 

4.16 Environmental Matters. Other than exceptions to any of the following that would not, individually or in the aggregate, reasonably
be expected to result in a Material Adverse Effect: 
 (a) The Borrower and its Subsidiaries: (i) are, and within the period of all
applicable statutes of limitation have been, in compliance with all applicable Environmental Laws; (ii) hold all Environmental Permits (each of which is in full force and effect) required for any of their current operations or for any property
owned, leased, or otherwise operated by any of them and reasonably expect to timely obtain without material expense all such Environmental Permits required for planned operations; (iii) are, and within the period of all applicable statutes of
limitation have been, in compliance with all of their Environmental Permits; and (iv) have no reasonable basis to believe that: (x) any of their Environmental Permits will not be, or will entail material expense to be, timely renewed or
complied with; (y) any additional Environmental Permits that may be required of any of them will not be, or will entail material expense to be, timely granted or complied with; or (z) that compliance with any Environmental Law that is
applicable to any of them will not be, or will entail material expense to be, timely attained and maintained. 

  
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 (b) Materials of Environmental Concern have not been transported, disposed of, emitted,
discharged, or otherwise released or threatened to be released, to or at any real property presently or formerly owned, leased or operated by the Borrower or any of its Subsidiaries or at any other location, which would reasonably be expected to
(i) give rise to liability of the Borrower or any of its Subsidiaries under any applicable Environmental Law, (ii) interfere with the planned or continued operations of the Borrower or any of its Subsidiaries, or (iii) impair the fair
saleable value of any real property owned or leased by the Borrower or any of its Subsidiaries. 
 (c) There is no judicial, administrative,
or arbitral proceeding (including any notice of violation or alleged violation) under any Environmental Law to which the Borrower or any of its Subsidiaries is, or to the knowledge of the Borrower or any of its Subsidiaries will be, named as a party
that is pending or, to the knowledge of the Borrower or any of its Subsidiaries, threatened. 
 (d) Neither the Borrower nor any of its
Subsidiaries has received any written request for information, or been notified that it is a potentially responsible party, under the federal Comprehensive Environmental Response, Compensation, and Liability Act or any similar Environmental Law, or
received any other written request for information with respect to releases or threatened releases or any Materials of Environmental Concern. 

(e) Neither the Borrower nor any of its Subsidiaries has entered into or agreed to any consent decree, order, or settlement or other agreement,
nor is subject to any judgment, decree, or order or other agreement, in any judicial, administrative, arbitral, or other forum, relating to compliance with or liability under any Environmental Law. 

(f) Neither the Borrower nor any of its Subsidiaries has assumed or retained, by contract or, to its knowledge, operation of law, any known or
suspected liabilities of any kind, fixed or contingent, as a result of any violation or breach of applicable Environmental Law or with respect to any contamination by any Materials of Environmental Concern. 

4.17 No Material Misstatements. No written information, reports, financial statements, exhibits or schedules furnished by or on behalf
of the Borrower or any other Loan Party to the Administrative Agent or the Lenders for use in connection with the transactions contemplated hereby, taken as a whole, contains any material misstatement of fact or omits to state any material fact
necessary to make the statements therein, in the light of the circumstances under which they were made, not materially misleading in their presentation of Holdings, the Borrower and the Borrower’s Subsidiaries taken as a whole. It is understood
that (a) no representation or warranty is made concerning the forecasts, estimates, pro forma information, projections and statements as to anticipated future performance or conditions, and the assumptions on which they were based, contained in
any such information, reports, financial statements, exhibits or schedules, except that as of the date such forecasts, estimates, pro forma information, projections and statements were generated, (i) such forecasts, estimates, pro forma
information, projections and statements were based on the good faith assumptions of the management of the Borrower and (ii) such assumptions were believed by such management to be reasonable, (b) such forecasts, estimates, pro forma
information and statements, and the assumptions on which they were based, may or may not prove to be correct and (c) projections are subject to significant uncertainties and contingencies, many of which are beyond the control of the Borrower or
any Loan Party, and that no assurance can be given that any particular projections will be realized and variances from the projections may be material. 

  
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 4.18 Labor Matters. There are no strikes pending or, to the knowledge of the Borrower,
reasonably expected to be commenced against the Borrower or any of its Subsidiaries which, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. The hours worked and payments made to employees of the
Borrower and each of its Subsidiaries have not been in violation of any applicable laws, rules or regulations, except where such violations would not reasonably be expected to have a Material Adverse Effect. 

4.19 Insurance. The properties of the Borrower and its Subsidiaries are insured with reputable insurance companies not Affiliates of
the Borrower, in such amounts, with such deductibles and covering such risks as are, in the reasonable business judgment of the Borrower, appropriate for a business of the size and character of the Borrower and its Subsidiaries. 

4.20 Anti-Corruption Laws and PATRIOT Act. To the extent applicable, there has been no action taken by any Loan Party (or, in the case
of subsection 4.20(i) below, any of its Controlled Entities) in violation of (i) the Trading with the Enemy Act, as amended from time to time, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR,
Subtitle B, Chapter V, as amended from time to time) and any other enabling legislation or executive order relating thereto, (ii) the United States Foreign Corrupt Practices Act of 1977, as amended from time to time and any other applicable
anti-bribery or anti-corruption laws (collectively, the “Anti-Corruption Laws”) and (iii) the PATRIOT Act. No part of the proceeds of the Loans shall be used, directly or indirectly, for any payments to any governmental
official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of any
Anti-Corruption Law. 
 4.21 Compliance with OFAC Rules and Regulations. None of Holdings, the Borrower or any of the Borrower’s
Subsidiaries (a) is a Sanctioned Person, (b) has any of its assets in Sanctioned Countries or (c) derives any of its operating income from investments in, or transactions with, Sanctioned Persons or Sanctioned Countries. No part of
the proceeds of any Loan hereunder will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country. 

SECTION 5. CONDITIONS PRECEDENT 

The obligation of each Lender to make a Loan on the Closing Date, is subject to the satisfaction or waiver of the following conditions
precedent: 
 (a) Loan Documents. The Administrative Agent shall have received the following Loan Documents, executed and delivered as
required below: 
 (i) this Agreement, executed and delivered by a duly authorized officer of Holdings and the Borrower; 

  
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 (ii) subject to Schedule 6.16, the Guarantee and Collateral Agreement, executed
and delivered by a duly authorized officer of Holdings, the Borrower and each other Loan Party signatory thereto and an Acknowledgement and Consent in the form attached to the Guarantee and Collateral Agreement, executed and delivered by each Issuer
(as defined therein), if any, that is not a Loan Party; 
 (iii) the Intercreditor Agreement, executed and delivered by a
duly authorized officer of Holdings, the Borrower, each other Loan Party signatory thereto, the Administrative Agent and the ABL Agent; and 

(iv) the Intercompany Subordination Agreement, executed and delivered by a duly authorized officer of Holdings, the Borrower,
each other Loan Party signatory thereto and the Administrative Agent. 
 (b) Capitalization and Structure of Holdings and its
Subsidiaries. The Administrative Agent shall have received a true, complete and accurate organizational chart of Holdings and its Subsidiaries. 

(c) Financial Information. The Lenders shall have been provided with copies of and shall be reasonably satisfied, in form and substance,
with (i) the financial statements referred to in subsection 4.1(a), (ii) the Pro Forma Balance Sheets and (iii) projections for the Borrower and its consolidated Subsidiaries after giving effect to the Transactions, through
December 31, 2016, together with a statement of assumptions underlying such projections, as were modified by reports and updates that were provided to the Lenders. 

(d) Lien Searches. The Administrative Agent shall have received the results of a recent search of the Uniform Commercial Code, judgment
and tax lien filings which have been filed with respect to personal property of Holdings and the Loan Parties in any of the jurisdictions set forth in Schedule 5(d), and the results of such search shall be reasonably satisfactory to the
Administrative Agent. 
 (e) Legal Opinions. The Administrative Agent shall have received executed legal opinions of
Kirkland & Ellis LLP, special counsel to the Borrower and the other Loan Parties, and Faegre Baker Daniels LLP, counsel to the Loan Parties organized under the laws of the State of Indiana, each in a form reasonably satisfactory to the
Administrative Agent. 
 (f) Closing Certificate. The Administrative Agent shall have received a certificate from Holdings and each
Loan Party, dated the Closing Date, substantially in the form of Exhibit E, with appropriate insertions and attachments. 
 (g) Actions to
Perfect Liens. Except for those items set forth on Schedule 6.16, the Administrative Agent shall have received evidence in form and substance reasonably satisfactory to it that all filings, recordings, registrations and other actions, including,
without limitation, the filing of duly executed financing statements on Form UCC-1 in each jurisdiction set forth on Schedule 5(g), necessary or, in the reasonable opinion of the Administrative Agent, advisable to perfect the Liens created by the
Security Documents, shall have been completed or shall be ready to be completed promptly following the Closing Date, and all agreements, statements and other documents relating thereto shall be in form and substance reasonably satisfactory to the
Administrative Agent. 

  
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 (h) Pledged Stock; Stock Powers; Pledged Notes; Endorsements. The Administrative Agent
shall have received: 
 (i) the certificates, if any, representing the Pledged Stock under (and as defined in) the Guarantee
and Collateral Agreement, together with an undated stock power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof; and 

(ii) the promissory notes representing each of the Pledged Notes under (and as defined in) the Guarantee and Collateral
Agreement, duly endorsed as required by the Guarantee and Collateral Agreement. 
 (i) Fees. The Administrative Agent and the Lenders
shall have received all fees and expenses (including, without limitation, reasonable attorneys’ fees and expenses) required to be paid or delivered by the Borrower to them on or prior to the Closing Date, including, without limitation, the fees
referred to in subsections 3.4(i) and 3.13. 
 (j) Borrowing Notice. The Administrative Agent shall have received notice from the
Borrower, substantially in the form of Exhibit D-1, with appropriate insertions and attachments, reasonably satisfactory in form and substance to the Administrative Agent, executed by a Responsible Officer of the Borrower. 

(k) Corporate Proceedings. The Administrative Agent shall have received a copy of the resolutions, in form and substance reasonably
satisfactory to the Administrative Agent, of the board of directors or managers or members of Holdings and each Loan Party authorizing, as applicable, (i) the execution, delivery and performance of this Agreement, any Notes and the other Loan
Documents to which it is or will be a party as of the Closing Date, (ii) the making of the Loans to the Borrower contemplated hereunder and (iii) the granting by it of the Liens to be created pursuant to the Security Documents to which it
will be a party as of the Closing Date, certified by the Secretary or an Assistant Secretary of Holdings and such Loan Party, as applicable, as of the Closing Date, which certificate shall be in form and substance reasonably satisfactory to the
Administrative Agent and shall state that the resolutions thereby certified have not been amended, modified (except as any later such resolution may modify any earlier such resolution), revoked or rescinded and are in full force and effect. 

(l) Incumbency Certificates. The Administrative Agent shall have received a certificate of Holdings and each Loan Party, dated the
Closing Date, as to the incumbency and signature of the officers of Holdings and such Loan Party, as applicable, executing any Loan Document, reasonably satisfactory in form and substance to the Administrative Agent, in each case, executed by the
Secretary or any Assistant Secretary of Holdings and such Loan Party, as applicable. 
 (m) Governing Documents. The Administrative
Agent shall have received copies of the certificate or articles of incorporation or formation and by-laws or operating agreement (or other similar governing documents serving the same purpose) of Holdings and each Loan Party, certified as of the
Closing Date as complete and correct copies thereof by the Secretary or an Assistant Secretary of Holdings and such Loan Party, as applicable. 

  
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 (n) Insurance. The Administrative Agent shall have received evidence in form and substance
reasonably satisfactory to it that all of the requirements of subsection 6.5 of this Agreement and subsection 5.2.2 of the Guarantee and Collateral Agreement shall have been satisfied. 

(o) ABL Credit Agreement. All conditions precedent to the closing of the ABL Credit Agreement shall have been satisfied or waived prior
to or contemporaneously with the closing hereunder and the terms and conditions of the ABL Credit Agreement shall be reasonably satisfactory to the Administrative Agent. 

(p) Repayment of Existing Indebtedness. The Administrative Agent shall have received satisfactory evidence that the Borrower shall have
(i) repaid in full all Existing Indebtedness, terminated any commitments to lend or make other extensions of credit under the Existing Credit Agreements, and discharged and released all guarantees and security in support thereof, if applicable,
and (ii) delivered to the Administrative Agent all documents or instruments or a payoff letter in furtherance of clause (i) of this subsection 5(p). Immediately after giving effect to the Transactions and the other transactions
contemplated hereby, the Borrower and its Subsidiaries shall have outstanding no Indebtedness for borrowed money other than (x) Indebtedness outstanding under this Agreement and (y) Indebtedness set forth on Schedule 7.2(f). 

(q) Preferred Stock. The Administrative Agent shall have received satisfactory evidence that not more than 99,443.989 shares of
Preferred Stock shall remain outstanding as of the Closing Date. 
 (r) Representations and Warranties. Each of the representations
and warranties made by Holdings and any Loan Party pursuant to this Agreement or any other Loan Document (or in any amendment, modification or supplement hereto or thereto) to which it is a party, and each of the representations and warranties
contained in any certificate furnished at any time by or on behalf of Holdings and any Loan Party pursuant to this Agreement or any other Loan Document, shall be true and correct in all material respects (except that such materiality qualified shall
not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) on and as of the Closing Date as if made on and as of the Closing Date, except to the extent that they expressly
relate to an earlier date, in which case such representations and warranties were true and correct in all material respects (except that such materiality qualified shall not be applicable to any representations and warranties that already are
qualified or modified by materiality in the text thereof) on and as of such earlier date. 
 (s) No Default. No Default or Event of
Default shall have occurred and be continuing on the Closing Date or immediately after giving effect to the making of the Loans requested to be made on the Closing Date. 

(t) Solvency Certificate. The Administrative Agent shall have received a certificate attesting to the Solvency of the Borrower and the
Guarantors on a consolidated basis on the Closing Date immediately after giving effect to the Transactions and the incurrence of Indebtedness related thereto, from the Borrower’s chief financial officer in form and substance reasonably
satisfactory to the Administrative Agent. 

  
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 (u) Amendment to Certificate of Designation. All conditions precedent to the closing of
the amendment to the Certificate of Designation shall have been satisfied or waived prior to or contemporaneously with the closing hereunder and the terms and conditions of such amendment shall be reasonably satisfactory to the Administrative Agent.

 (v) “Know Your Customer” Information. The Administrative Agent and the Lenders shall have received all documentation and
other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including, without limitation, the PATRIOT Act, at least five days prior to the Closing Date if the
request for such documentation and other information is made to the Borrower at least ten days prior to the Closing Date. 
 (w)
Perfection Certificate. The Administrative Agent shall have received a perfection certificate from the Borrower, dated the Closing Date, with appropriate insertions and attachments, reasonably satisfactory in form and substance to the
Administrative Agent, executed by a Responsible Officer of the Borrower and Holdings. 
 SECTION 6. AFFIRMATIVE COVENANTS 

Each Loan Party hereby agrees that, from and after the Closing Date and until the satisfaction of the Termination Conditions, the Borrower
shall and (except in the case of delivery of financial information, reports and notices) shall cause each of its Subsidiaries to, and, with respect to subsections 6.1(a) and (b), 6.2(d), (e) and (g), 6.13 and 6.17, Holdings shall: 

6.1 Financial Statements. Furnish to the Administrative Agent for delivery to each Lender (and the Administrative Agent agrees to
deliver such copies): 
 (a) as soon as available, but in any event not later than the
90th day following the end of each fiscal year of Holdings ending on or after December 31, 2013, (i) a copy of the audited consolidated balance sheet of Holdings and its consolidated
Subsidiaries as at the end of such year and the related audited consolidated statements of income and of cash flows of Holdings and its consolidated Subsidiaries for such year, setting forth in each case in comparative form the figures for and as of
the end of the previous year, reported on without a “going concern” or like qualification or exception, or qualification arising out of the scope of the audit, by Ernst & Young LLP or other independent certified public accountants
of nationally recognized standing reasonably satisfactory to the Administrative Agent and (ii) a “Management’s Discussion and Analysis of Financial Condition and Results of Operations” with respect to such financial statements in
a form suitable for use in a public offering document (it being agreed that the furnishing of Holdings’ Annual Report on Form 10-K for such year, as filed with the SEC, will satisfy the Borrower’s obligation under this subsection 6.1(a)
with respect to such year); 

  
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 (b) as soon as available, but in any event not later than the 45th day following the end of each of the first three quarterly periods of each fiscal year of Holdings, (i) the unaudited consolidated balance sheet of Holdings and its consolidated Subsidiaries as
at the end of such quarter and the related unaudited consolidated statement of income of Holdings and its consolidated Subsidiaries for such quarter and the portion of the fiscal year through the end of such quarter and the related unaudited
consolidated statement of cash flows of Holdings and its consolidated Subsidiaries for the portion of the fiscal year through the end of such quarter, setting forth in each case in comparative form the figures for the corresponding period of the
previous fiscal year, certified by a Responsible Officer of Holdings as being fairly stated in all material respects (subject to normal year end audit, the absence of footnotes (if there are none), and other adjustments) and (ii) a
“Management’s Discussion and Analysis of Financial Condition and Results of Operations” with respect to such financial statements in a form suitable for use in a public offering document (it being agreed that the furnishing of
Holdings’ Quarterly Report on Form 10-Q for such quarter, as filed with the SEC, will satisfy the Borrower’s obligations under this subsection 6.1(b) with respect to such quarter); 

(c) as soon as available, but in any event not later than the 90th day following the end
of each fiscal year of the Borrower ending on or after December 31, 2013, (i) a copy of the audited consolidated balance sheet of the Borrower and its consolidated Subsidiaries as at the end of such year and the related audited
consolidated statements of income and of cash flows of the Borrower and its consolidated Subsidiaries for such year, setting forth in each case in comparative form the figures for and as of the end of the previous year, reported on without a
“going concern” or like qualification or exception, or qualification arising out of the scope of the audit, by Ernst & Young LLP or other independent certified public accountants of nationally recognized standing reasonably
satisfactory to the Administrative Agent, (ii) a “Management’s Discussion and Analysis of Financial Condition and Results of Operations” with respect to such financial statements in a form suitable for use in a public offering
document and (iii) a reasonably detailed comparison to the projections delivered pursuant to subsection 6.2(c) with respect to such fiscal year; 

(d) as soon as available, but in any event not later than the 45th day following the end
of each of the first three quarterly periods of each fiscal year of the Borrower, (i) the unaudited consolidated balance sheet of the Borrower and its consolidated Subsidiaries as at the end of such quarter and the related unaudited
consolidated statement of income of the Borrower and its consolidated Subsidiaries for such quarter and the portion of the fiscal year through the end of such quarter and the related unaudited consolidated statement of cash flows of the Borrower and
its consolidated Subsidiaries for the portion of the fiscal year through the end of such quarter, setting forth in each case in comparative form the figures for the corresponding period of the previous fiscal year, certified by a Responsible Officer
of the Borrower as being fairly stated in all material respects (subject to normal year end audit, the absence of footnotes (if there are none), and other adjustments) and (ii) a “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” with respect to such financial statements in a form suitable for use in a public offering document; and 

(e) if the Consolidated Leverage Ratio is greater than 2.50:1.00, as soon as available, but in any event not later than the 30th day following the end of each month (other than the third, sixth, ninth and twelfth such month), the unaudited consolidated balance sheet of the Borrower and its consolidated Subsidiaries as at the
end of such month and the related unaudited consolidated statements of income and certain other inventory data to be agreed by the Borrower 

  
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 and the Administrative Agent of the Borrower and its consolidated Subsidiaries for such month and the portion of
the fiscal year through the end of such month, setting forth in each case in comparative form the figures for the corresponding period of the previous fiscal year, certified by a Responsible Officer of the Borrower as being fairly stated in all
material respects (subject to normal year end audit, the absence of footnotes (if there are none), and other adjustments); 
 all such financial statements
delivered pursuant to subsection 6.1(a), (b), (c), (d) or (e) to be complete and correct in all material respects in conformity with GAAP and to be prepared in reasonable detail in accordance with GAAP applied consistently throughout the
periods reflected therein and with prior periods that began on or after the Closing Date (except as approved by such accountants or officer, as the case may be, and disclosed therein, and except, in the case of the financial statements delivered
pursuant to subsection 6.1(b), (d) or (e), for the absence of certain notes). 
 6.2 Certificates, Other Information. Furnish to the
Administrative Agent. 
 (a) concurrently with the delivery of the financial statements referred to in subsection 6.1(c), a certificate
of the independent certified public accountants reporting on such financial statements stating that in making the audit necessary therefor no knowledge was obtained of any Default or Event of Default insofar as the same relates to any financial
accounting matters covered by their audit, except as specified in such certificate; 
 (b) concurrently with the delivery of the financial
statements referred to in subsections 6.1(c), 6.1(d) and 6.1(e), a Compliance Certificate signed by a Responsible Officer of the Borrower, (i) stating that such Responsible Officer has obtained no knowledge of any Default or Event of Default,
except, in each case, as specified in such Compliance Certificate, and (ii) setting forth the calculations required to determine compliance with the covenants set forth in subsections 7.1, 7.7(i), 7.8, 7.9(q), and 7.10(c)(ii); 

(c) as soon as available, but in any event not later than the fifth Business Day following the
90th day after the beginning of each fiscal year of the Borrower, a copy of the projections by the Borrower of the operating budget and cash flow budget of the Borrower and its Subsidiaries for
such fiscal year, such projections to include a consolidated balance sheet, income statement and cash flow statement of the Borrower and its Subsidiaries prepared on a quarterly basis and to be accompanied by a certificate of a Responsible Officer
of the Borrower to the effect that such Responsible Officer believes such projections to have been prepared on the basis of reasonable assumptions (for the avoidance of doubt, the projections of the Borrower and its consolidated Subsidiaries
delivered pursuant to subsection 5(c)(iii) on the Closing Date shall be deemed to satisfy the requirements of this subsection 6.2(c) for the fiscal year ending December 31, 2013); 

(d) within five Business Days after the same are sent, copies of all financial statements and reports which Holdings or the Borrower sends to
its public security holders, if any, and within five Business Days after the same are filed, copies of all financial statements and periodic reports which Holdings or the Borrower may file with the SEC or any successor or analogous Governmental
Authority; 

  
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 (e) within five Business Days after the same are filed, copies of all registration statements and
any amendments and exhibits thereto, which Holdings or the Borrower may file with the SEC or any successor or analogous Governmental Authority, and such other documents or instruments as may be reasonably requested by the Administrative Agent in
connection therewith; 
 (f) promptly, such additional financial and other information pertaining to any Loan Party as the Administrative
Agent may from time to time reasonably request; and 
 (g) promptly after the receipt thereof by Holdings or the Borrower, a copy of any
“management letter” received by any such Person from its certified public accountants and the management’s responses thereto. 

6.3 Payment of Obligations. Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may
be, all its material obligations of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings diligently conducted and reserves in conformity with GAAP with respect thereto
have been provided on the books of the Borrower or any of its Subsidiaries, as the case may be. 
 6.4 Conduct of Business and
Maintenance of Existence. Continue to engage in business of the same general type as conducted by the Borrower, its Subsidiaries and the other Loan Parties, as applicable, on the Closing Date, taken as a whole, and preserve, renew and keep in
full force and effect its corporate existence and take all reasonable action to maintain all rights, privileges and franchises necessary or desirable in the normal conduct of the business of the Borrower, its Subsidiaries and the other Loan Parties,
taken as a whole, except as otherwise expressly permitted pursuant to subsection 7.5; provided that the Borrower, its Subsidiaries and the other Loan Parties shall not be required to maintain any such rights, privileges or franchises, if the
failure to do so would not reasonably be expected to have a Material Adverse Effect; and comply with all Contractual Obligations and Requirements of Law except to the extent that failure to comply therewith, in the aggregate, would not reasonably be
expected to have a Material Adverse Effect. 
 6.5 Maintenance of Property; Insurance. Keep all property useful and necessary in the
business of the Borrower and its Subsidiaries, taken as a whole, in good working order and condition (casualty, condemnation and ordinary wear and tear excepted); maintain with financially sound and reputable insurance companies insurance on all
property material to the business of the Borrower and its Subsidiaries, taken as a whole, in at least such amounts and against at least such risks (but including in any event public liability, product liability and business interruption) as are
usually insured against in the same general area by companies engaged in the same or a similar business or as is consistent with past practice of the Borrower and its Subsidiaries; and furnish to the Administrative Agent, upon written request,
information in reasonable detail as to the insurance carried, together with certificates of insurance and other evidence of such insurance, if any, naming the Collateral Agent as an additional insured and/or loss payee, as appropriate. The Borrower
will, and will cause each of its Subsidiaries to, obtain flood insurance in such amounts as necessary to ensure compliance with applicable law, and without limiting the generality of the foregoing, if at any time the area in which improvements 

  
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 located on the Mortgaged Properties are located is designated as an area in a Flood Zone and in which flood
insurance has been made available under the National Flood Insurance Act of 1968, obtain flood insurance in such amounts as necessary to ensure compliance with the National Flood Insurance Reform Act of 1994, as it may be amended from time to time.

 6.6 Inspection of Property; Books and Records; Discussions. (a) Keep proper books of records and account in which full,
complete and correct entries in conformity with GAAP and all material Requirements of Law shall be made of all dealings and transactions in relation to its business and activities; and permit representatives of the Administrative Agent and during
the continuance of any Event of Default, any Lender, to visit and inspect any of its properties and examine and, to the extent reasonable, make abstracts from any of its books and records and to discuss the business, operations, properties and
financial condition of the Borrower, its Subsidiaries and the other Loan Parties with officers and employees of the Borrower, its Subsidiaries and the other Loan Parties and with its independent certified public accountants, in each case at any
reasonable time during normal business hours, upon reasonable notice, and as often as may reasonably be desired; provided, however, that the Borrower shall be provided with prior notice of any meeting with its independent certified
public accounts and shall be permitted to attend any such meetings; provided, further, that unless an Event of Default has occurred and is continuing, the Borrower is only required to reimburse the Administrative Agent for reasonable
out-of-pocket costs and expenses incurred in connection with one inspection per annum. 
 (b) If an Event of Default shall have occurred and
be continuing, the Borrower shall reimburse the Administrative Agent for any reasonable fees and expenses of third parties incurred in connection with any appraisal of the Borrower’s or any of its Subsidiaries’ real property reasonably
requested in writing by the Required Lenders. 
 6.7 Notices. Promptly give notice to the Administrative Agent of: 

(a) as soon as possible after a Responsible Officer of the Borrower knows thereof, the occurrence of any Default or Event of
Default; 
 (b) as soon as possible after a Responsible Officer of the Borrower knows thereof, any (i) default or event
of default under any Contractual Obligation of the Borrower or any of its Subsidiaries, other than as previously disclosed in writing to the Lenders, or (ii) litigation, investigation or proceeding which may exist at any time between the
Borrower or any of its Subsidiaries and any Governmental Authority, which, if such litigation, investigation or proceeding is (x) not cured or (y) reasonably likely to be adversely determined against the Borrower or such Subsidiary, as the
case may be, in each case, would reasonably be expected to have a Material Adverse Effect; 
 (c) as soon as possible after a
Responsible Officer of the Borrower knows thereof, any litigation or proceeding affecting the Borrower or any of its Subsidiaries in which the amount involved (not covered by insurance) is greater than $2,000,000 or more or in which injunctive or
similar relief is sought that would reasonably be expected to have a Material Adverse Effect; 

  
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 (d) as soon as possible and in any event within 30 days after a Responsible
Officer of the Borrower becomes aware thereof, any ERISA Event; provided that no such notice will be required unless the event giving rise to such notice, when aggregated with all other such ERISA Events, could reasonably be expected to
result in liability to the Borrower or its Subsidiaries in an amount that would exceed $5,000,000; 
 (e) promptly following
receipt thereof, provide copies of any documents described in Sections 101(k) or 101(l) of ERISA that the Borrower or any Guarantor or any member of the ERISA Group may request with respect to any Multiemployer Plan; provided that, if the
Loan Parties or any member of the ERISA Group 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 Loan Parties and/or any
member of the ERISA Group 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 promptly after receipt thereof; 

(f) as soon as possible after a Responsible Officer of the Borrower knows or reasonably should know thereof, any event,
development or circumstance that has had or could reasonably be expected to have a Material Adverse Effect on the business, operations, property or financial condition of the Borrower and its Subsidiaries taken as a whole; and 

(g) as soon as possible after a Responsible Officer of the Borrower knows thereof, and except in each case as would not
reasonably be expected to result in a Material Adverse Effect, (i) any release or discharge by the Borrower or any of its Subsidiaries of any Materials of Environmental Concern required to be reported under applicable Environmental Laws to any
Governmental Authority; (ii) any condition, circumstance, occurrence or event that would result in liability pursuant to applicable Environmental Laws or would result in the imposition of any lien or other restriction on the title, ownership or
transferability of any properties owned, leased or operated by the Borrower or any of its Subsidiaries; (iii) any proposed action to be taken by the Borrower or any of its Subsidiaries that would reasonably be expected to subject the Borrower
or any of its Subsidiaries to any material additional or different requirements or liabilities under any applicable Environmental Law; (iv) any Governmental Authority has notified the Borrower or any of its Subsidiaries that any such Person is
a potentially responsible party under the Comprehensive Environmental Response, Compensation and Liability Act or any comparable law for the cleanup of Materials of Environmental Concern at any location, whether or not owned, leased or operated by
the Borrower or any of its Subsidiaries; (v) any Governmental Authority has notified the Borrower or any of its Subsidiaries that it will revoke any Environmental Permit held by the Borrower or any of its Subsidiaries, or deny or refuse to
renew any such Environmental Permit sought by the Borrower or any of its Subsidiaries; or (vi) any Governmental Authority has notified the Borrower or any of its Subsidiaries that any property owned, leased, or operated by the Borrower or any
of its Subsidiaries is being listed on, or proposed for listing on, the National Priorities List (NPL) or the Comprehensive Environmental Response, Compensation and Liability Information System (CERCLIS) maintained by the U.S. Environmental
Protection Agency, or on any similar list maintained by any Governmental Authority. 

  
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 Each notice pursuant to this subsection shall be accompanied by a statement of a Responsible
Officer of the Borrower (and, if applicable, the relevant Loan Party, the relevant member of the ERISA Group or Subsidiary) setting forth details of the occurrence referred to therein and stating what action the Borrower (or, if applicable, the
relevant Loan Party, the relevant member of the ERISA Group or Subsidiary) proposes to take with respect thereto. 
 6.8 Environmental
Laws. (a) In all cases where failure to do so could reasonably be expected to give rise to a Material Adverse Effect, (i) comply substantially with, and require substantial compliance by all tenants, subtenants, contractors, and
invitees with, all applicable Environmental Laws; (ii) obtain, comply substantially with and maintain any and all Environmental Permits necessary for its operations as conducted and as planned; and (iii) require that all tenants,
subtenants, contractors, and invitees obtain, comply substantially with and maintain any and all Environmental Permits necessary for their operations as conducted and as planned, with respect to any property leased or subleased from, or operated by
the Borrower or its Subsidiaries. 
 (b) Promptly comply, in all material respects, with all orders and directives of all Governmental
Authorities regarding Environmental Laws the failure to comply with which could reasonably be expected to give rise to a Material Adverse Effect, other than such orders or directives as to which an appeal or other appropriate contest is or has been
timely and properly taken, is being diligently pursued in good faith, and as to which appropriate reserves have been established in accordance with GAAP. 

(c) Promptly upon the Administrative Agent’s request if the Borrower shall have failed to pay any principal of any Loan when due in
accordance with the terms hereof or shall have failed to pay any interest on any Loan within five days after any such interest becomes due in accordance with the terms hereof, permit an environmental consultant, whom the Administrative Agent
designates and which consultant is reasonably acceptable to the Borrower, to perform an environmental assessment (including, without limitation: reviewing documents; interviewing knowledgeable persons; and sampling and analyzing soil, air, surface
rate, ground water, and/or other media) in or about any property subject to a Mortgage. Such environmental assessment shall be in form, scope and substance reasonably satisfactory to the Administrative Agent. The Borrower or its Subsidiaries shall
cooperate fully in the conduct of such environmental assessment, and shall pay the costs of such environmental assessment in accordance with subsection 10.5. Pursuant to this subsection 6.8(c) the Administrative Agent shall have the right, but shall
not have any duty, to request and/or obtain such environmental assessment. 
 6.9 After Acquired Real Property and Fixtures.
(a) With respect to any Material Real Property in which the Borrower or any Guarantor acquires ownership rights at any time after the Closing Date, promptly grant to the Administrative Agent, for the ratable benefit of the Lenders, a Lien of
record on all such Material Real Property, upon terms reasonably satisfactory in form and substance to the Administrative Agent and in accordance with any applicable requirements of any Governmental Authority (including, without limitation, any 

  
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 required appraisals of such property under FIRREA); provided that (i) nothing in this subsection 6.9
shall defer or impair the attachment or perfection of any security interest in any Collateral covered by any of the Security Documents which would attach or be perfected pursuant to the terms thereof without action by the Borrower, any Subsidiary or
any other Person, (ii) no such Lien shall be required to be granted as contemplated by this subsection 6.9 on any owned real property or fixtures the acquisition of which is financed, or is to be financed within any time period permitted by
subsection 7.2(d) or (i), in whole or in part through the incurrence of Indebtedness permitted by subsection 7.2(d) or (i), until such Indebtedness is repaid in full (and not refinanced as permitted by subsection 7.2(d) or (i)) or, as the case may
be, the Borrower determines not to proceed with such financing or refinancing, and (iii) nothing in this subsection 6.9(a) shall require the grant of a Lien of record in respect of any owned residential real property, fixtures, or related
assets acquired by SIRVA Relocation, SRHL, any of their respective Subsidiaries or any other Subsidiary of the Borrower primarily engaged in the Employee Relocation Business in the ordinary course of business in connection with the provision of
relocation services, or any property or assets the Disposition of which is permitted under clause (xi) of subsection 7.6(a) in connection with the Employee Relocation Business. In connection with any such grant to the Administrative Agent, for
the benefit of the Secured Parties, of a first priority Lien of record on any such Material Real Property in accordance with this subsection 6.9(a), the Borrower or such Subsidiary shall deliver or cause to be delivered to the Administrative Agent
such surveys, environmental reports and other documents obtained by it in connection with the acquisition of such ownership rights in such real property, and such Mortgages, fully paid loan title insurance policies, surveys or survey affidavits of
no change in form and substance sufficient to cause all standard survey and related exceptions to be deleted from the loan title insurance policies and otherwise reasonably satisfactory to the title company, local counsel opinions and other
documents as the Administrative Agent shall reasonably request (in light of the value of such real property and the cost and availability of such Mortgages, surveys, fully paid loan title insurance policies, environmental reports, local counsel
opinions and other documents and whether the delivery of such Mortgages, surveys, fully paid loan title insurance policies, environmental reports, local counsel opinions and other documents would be customary in connection with such grant of such
Lien in similar circumstances). 
 (b) At its own expense, execute, acknowledge and deliver, or cause the execution, acknowledgment and
delivery of, and thereafter register, file or record in an appropriate governmental office, any document or instrument reasonably deemed by the Administrative Agent to be necessary or desirable for the creation and perfection of the foregoing Liens
or any other Liens created pursuant to the Security Documents. 
 6.10 Acquired Subsidiaries; Further Security and Guarantees.
(a) In the event that the Borrower or any of its Subsidiaries acquires any Material Subsidiary from any third party or creates a new Material Subsidiary, in each case, as permitted by the other provisions of this Agreement, (i) such new
Subsidiary (in the case of a new Domestic Subsidiary, but excluding any Excluded Domestic Subsidiaries) shall, to the extent permitted by law, execute and deliver to the Administrative Agent the Guarantee and Collateral Agreement, the Intercreditor
Agreement, the Intercompany Subordination Agreement, other Loan Documents, appropriate Mortgages with respect to any Material Real Property and other documents as the Administrative Agent shall reasonably request (including, with respect to
Mortgages, the documents listed in subsection 6.9(a)) and take any necessary steps to perfect the security 

  
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 interest to be created thereby and (ii) the relevant parent entity (if such parent entity is the Borrower or
another Loan Party) shall execute and deliver to the Administrative Agent a stock pledge agreement (or, if the parent entity is a party to the Guarantee and Collateral Agreement, pledge the Capital Stock of such Material Subsidiary owned by such
parent entity pursuant to such agreement) and shall take any necessary steps to perfect the security interest to be created thereby (which security interest shall not apply to more than 65% of the voting equity in any (x) Foreign Subsidiary or
in any (y) Domestic Subsidiary to the extent substantially all of its assets constitute the Capital Stock of any Foreign Subsidiaries and/or other Domestic Subsidiaries described in this clause (y) (any such Domestic Subsidiary described
in this clause (y), an “Excluded Domestic Subsidiary”). Notwithstanding anything to contrary in this Agreement, nothing in this subsection 6.10(a) shall require the execution of any documents or the taking of any actions to grant a
Lien of record in respect of any owned residential real property, fixtures, or related assets acquired by SIRVA Relocation, SRHL, any of their respective Subsidiaries or any other Subsidiary of the Borrower primarily engaged in the Employee
Relocation Business in the ordinary course of business in connection with the provision of relocation services. 
 (b) Within 30 days after
the due date for delivery of financial statements pursuant to subsection 6.1(a), (b), (c) or (d), (i) the Borrower shall, to the extent permitted by law, cause any Domestic Subsidiary (other than an Excluded Domestic Subsidiary) that
qualifies as a Material Subsidiary (based on its total assets as of the end of, or its total revenues for, the most recently completed period of four consecutive fiscal quarters of the Borrower), but which is not a party to the Guarantee and
Collateral Agreement, to execute and deliver to the Administrative Agent the Guarantee and Collateral Agreement, other security documents, appropriate Mortgages with respect to any Material Real Property and other documents as the Administrative
Agent shall reasonably request (including, with respect to Mortgages, the documents listed in subsection 6.9(a)) and take any necessary steps to perfect the security interest to be created thereby and (ii) the relevant parent entity (if such
parent entity is the Borrower or a Guarantor) shall execute and deliver to the Administrative Agent a stock pledge agreement (or, if the parent entity is a party to the Guarantee and Collateral Agreement, pledge the Capital Stock of such Material
Subsidiary owned by such parent entity pursuant to such agreement) and shall take any necessary steps to perfect the security interest to be created thereby (which security interest shall not apply to more than 65% of the voting equity in any
Foreign Subsidiary or in any Excluded Domestic Subsidiary); provided that nothing in this subsection 6.10(b) shall require the execution of any documents or the taking of any actions to grant a Lien of record in respect of any owned
residential real property, fixtures, or related assets acquired by SIRVA Relocation, SRHL, any of their respective Subsidiaries or any other Subsidiary of the Borrower primarily engaged in the Employee Relocation Business in the ordinary course of
business in connection with the provision of relocation services. 
 6.11 Employee Relocation Business Entity. Cause all United
States residential real estate (and related assets), acquired in connection with the Employee Relocation Business, and not transferred promptly (and in any event within five Business Days after the date of acquisition) to a Relocation SPV in
connection with a Relocation SPV Financing, to be held by a Wholly Owned Subsidiary of the Borrower that (a) is a Loan Party, (b) owns no assets other than residential real estate and assets related to such real estate and (c) engages
in no business other than the purchase and sale of residential real estate held in inventory. 

  
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 6.12 Lenders’ Meetings and Conference Calls. Upon the request of the Administrative
Agent, participate in a conference call with the Administrative Agent and the Lenders, at such times as may be agreed to by the Borrower and the Administrative Agent not more than (a) for so long as the Consolidated Leverage Ratio is greater
than 2.50:1.00, once during each fiscal quarter and (b) otherwise, once during each fiscal year; provided that the Borrower and the Administrative Agent may agree to participate in meetings or additional conference calls pursuant to this
subsection 6.12. 
 6.13 Maintenance of Ratings. With respect to the Borrower or Holdings, as applicable, use commercially reasonable
efforts to maintain (i) a private corporate credit rating from S&P in respect of the Borrower or Holdings, as applicable, and (ii) a private credit rating of the Loans by S&P. 

6.14 Compliance with Laws. Comply with all the Requirements of Law and all orders, writs, injunctions and decrees applicable to it or
to its business or property, except in such instances in which (i) such Requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted or (ii) failure to so comply
would not reasonably be expected to result in a Material Adverse Effect. 
 6.15 Flood Zone. No Mortgage shall encumber improved real
property that is located in a Flood Zone (except any such property as to which flood insurance has been obtained and is in full force and effect as required by this Agreement). 

6.16 Certain Post-Closing Obligations. As promptly as practicable, and in any event within the time periods after the Closing Date
specified in Schedule 6.16 or such later date as the Administrative Agent agrees in its sole discretion, deliver the documents or take the actions specified on Schedule 6.16 that would have been required to be delivered or taken on the Closing Date,
in each case except to the extent otherwise agreed to by the Administrative Agent. 
 6.17 Subordination. Cause all Indebtedness and
other obligations now or hereafter owed by any Loan Party to Holdings to be subordinated in right of payment and security to the Obligations owing to the Secured Parties pursuant to the Intercompany Subordination Agreement. 

SECTION 7. NEGATIVE COVENANTS 

Each Loan Party hereby agrees that, from and after the Closing Date, and until the satisfaction of the Termination Conditions, the Borrower
shall not, and shall not permit any of its Subsidiaries to, and, with respect to subsection 7.18, Holdings agrees that it shall not, directly or indirectly: 

7.1 Financial Condition Covenants. 

(a) Maintenance of Consolidated Interest Coverage Ratio. Permit, for any period of four consecutive fiscal quarters of the Borrower, the
Consolidated Interest Coverage Ratio at the last day of such consecutive fiscal quarter period of the Borrower to be less than the correlative ratio set forth below: 

  
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	 Fiscal Quarter
	  	Ratio	 
	 June 30, 2013
	  	 	2.25:1.00	  
	 September 30, 2013
	  	 	2.25:1.00	  
	 December 31, 2013
	  	 	2.25:1.00	  
	 March 31, 2014
	  	 	2.25:1.00	  
	 June 30, 2014 and thereafter
	  	 	2.50:1.00	  

 (b) Maintenance of Consolidated Leverage Ratio. Permit, at the last day of any fiscal quarter period of
the Borrower, the Consolidated Leverage Ratio to be greater than the correlative ratio set forth below: 
  

					
	 Fiscal Quarter
	  	Ratio	 
	 June 30, 2013
	  	 	5.25:1.00	  
	 September 30, 2013
	  	 	5.25:1.00	  
	 December 31, 2013
	  	 	5.25:1.00	  
	 March 31, 2014
	  	 	5.25:1.00	  
	 June 30, 2014
	  	 	4.875:1.00	  
	 September 30, 2014
	  	 	4.50:1.00	  
	 December 31, 2014
	  	 	4.25:1.00	  
	 March 31, 2015
	  	 	4.25:1.00	  
	 June 30, 2015
	  	 	4.00:1.00	  
	 September 30, 2015
	  	 	3.75:1.00	  
	 December 31, 2015
	  	 	3.50:1.00	  
	 March 31, 2016
	  	 	3.50:1.00	  
	 June 30, 2016
	  	 	3.25:1.00	  
	 September 30, 2016
	  	 	3.25:1.00	  
	 December 31, 2016
	  	 	3.00:1.00	  
	 March 31, 2017
	  	 	3.00:1.00	  
	 June 30, 2017 and thereafter
	  	 	2.75:1.00	  

 (c) Limitation on Relocation Properties. Permit, at the last day of any fiscal quarter ending after the
Closing Date but prior to the Termination Date, the Relocation Properties Line Item to exceed $50,000,000 plus $0.50 for each dollar of the Loans paid by the Borrower pursuant to subsections 2.2(b) and 3.4(a), (b), (c) and (f) (such
amount, the “Relocation Properties Cap”); provided that, to the extent the Relocation Properties Line Item at the last day of any such fiscal quarter exceeds the Relocation Properties Cap, the Borrower and its Subsidiaries
shall have 60 days after such fiscal quarter end to comply with this subsection 7.1(c). 
 7.2 Limitation on Indebtedness. Create,
incur, assume or suffer to exist any Indebtedness (including any Indebtedness of any of its Subsidiaries), except: 
 (a) Indebtedness of the
Borrower under this Agreement and under any Notes; 
 (b) [Reserved]; 

  
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 (c) Indebtedness of the Borrower to any of its Subsidiaries and of any Subsidiary of the Borrower
to the Borrower or any other Subsidiary of the Borrower; provided that (i) Indebtedness of any Subsidiary that is not a Loan Party to any Loan Party shall be subject to the limitations set forth in subsection 7.9(f)(i), (ii) if the
Borrower is the obligor on Indebtedness owing to any Subsidiary (other than SIRVA Mortgage) that is not a Loan Party, such Indebtedness is expressly subordinated in right of payment to the Obligations hereunder and (iii) if a Subsidiary
Guarantor is the obligor on Indebtedness owing to any Subsidiary (other than SIRVA Mortgage) that is not a Loan Party, such Indebtedness is subordinated in right of payment to the Guarantees of such Subsidiary Guarantor; provided,
further, that in the case of both of the preceding clauses (ii) and (iii), scheduled payments of Indebtedness owing to any Subsidiary that is not a Loan Party are permitted so long as no Event of Default has occurred and is continuing;

 (d) Indebtedness of the Borrower and any of its Subsidiaries incurred to finance or refinance the acquisition of fixed or capital assets
(whether pursuant to a loan, a Financing Lease or otherwise) otherwise permitted pursuant to this Agreement, and any other Financing Leases, in an aggregate principal amount not exceeding in the aggregate as to the Borrower and its Subsidiaries
$25,000,000 at any time outstanding; provided that such Indebtedness is incurred substantially simultaneously with such acquisition or within six months after such acquisition or in connection with a refinancing thereof; and any refinancing,
refunding, renewal or extension of any such Indebtedness; provided, further, that the amount of such Indebtedness is not increased at the time of such refinancing, refunding, renewal or extension except by an amount equal to the
premium or other amounts paid, and fees and expenses incurred, in connection with such refinancing, refunding, renewal or extension; provided, further, that this subsection 7.2(d) shall not permit Indebtedness incurred in connection
with financing the acquisition of residential real property, fixtures or related assets by SIRVA Relocation, SRHL, any of their respective Subsidiaries or any other Subsidiary of the Borrower primarily engaged in the Employee Relocation Business in
connection with the provision of relocation services; 
 (e) Indebtedness of the Borrower and its Subsidiaries under Interest Rate Protection
Agreements (including but not limited to Indebtedness of the Borrower under Interest Rate Protection Agreements relating to Indebtedness of the Borrower under this Agreement, if any), to the extent, and only to the extent, that such agreement or
arrangement is entered into in the ordinary course of business of the Borrower or any of its Subsidiaries with reputable financial institutions or vendors and not for purposes of speculation; 

(f) other Indebtedness outstanding or incurred under facilities in existence on the Closing Date and listed on Schedule 7.2(f) and any
refinancings, refundings, renewals or extensions thereof; provided that (i) the amount of such Indebtedness is not increased at the time of such refinancing, refunding, renewal or extension except by an amount equal to (A) the
premium or other amounts paid, and fees and expenses incurred, in connection with such refinancing, refunding, renewal or extension plus (B) the unutilized commitments thereunder and (ii) if such Indebtedness is subordinated, any
refinancing, refunding, renewal or extension thereof shall be subordinated to at least the same extent as the Indebtedness so refinanced, refunded, renewed or extended; 

  
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 (g) to the extent that any Guarantee Obligation permitted under subsection 7.4 constitutes
Indebtedness, such Indebtedness; 
 (h) Indebtedness of Foreign Subsidiaries of the Borrower (in addition to Indebtedness of Foreign
Subsidiaries of the Borrower permitted by subsection 7.2(f) and 7.2(i)) not exceeding, as to all such Foreign Subsidiaries, the sum of (x) $15,000,000 in aggregate principal amount at any one time outstanding plus (y) $5,000,000 in
aggregate principal amount at any one time outstanding; provided that, with respect to this clause (y) only, after giving effect thereto on a Pro Forma Basis, the Consolidated Leverage Ratio would not be greater than 2.50:1.00, it being
understood, for the avoidance of doubt, that any portion of any Indebtedness of a Foreign Subsidiary incurred in connection with a refinancing of any Indebtedness described under subsection 7.2(f) in excess of the amounts permitted under such
subsections may be incurred under this subsection 7.2(h); 
 (i) Indebtedness of a Person existing at the time such Person is merged into or
consolidated with any Subsidiary of the Borrower or becomes a Subsidiary of the Borrower at any time outstanding (the “Assumed Indebtedness”) and any Indebtedness extending the maturity of, or refunding or refinancing, in whole or
in part, the Assumed Indebtedness; provided that (i) such Indebtedness was not created in contemplation of such merger, consolidation or acquisition, (ii) the principal amount of such Assumed Indebtedness shall not be increased
above the principal amount thereof outstanding immediately prior to such extension, refunding or refinancing, and the direct and contingent obligors therefor shall not be changed (other than as expressly permitted hereunder) as a result of or in
connection with such extension, refunding or refinancing, (iii) after giving effect to the incurrence of any such Indebtedness on a Pro Forma Basis, the Borrower shall be in compliance with subsections 7.1(a) and (b) hereof and
(iv) no Default or Event of Default shall have occurred and be continuing or would result therefrom; 
 (j) Indebtedness of the Borrower
or any of its Subsidiaries incurred to finance insurance premiums in the ordinary course of business; 
 (k) Indebtedness arising from the
honoring of a check, draft or similar instrument against insufficient funds; provided that such Indebtedness is extinguished within two Business Days of its incurrence; 

(l) **** Receivables Debt in an aggregate amount outstanding not to exceed $7,000,000; 

(m) Indebtedness of SIRVA Relocation, SRHL, any of their respective Subsidiaries or any other Subsidiary of the Borrower primarily engaged in
the Employee Relocation Business incurred in connection with financing the acquisition of residential real property, fixtures or related assets by SIRVA Relocation, SRHL, any of their respective Subsidiaries or any other Subsidiary of the Borrower
primarily engaged in the Employee Relocation Business in the ordinary course of business in connection with the provision of relocation services, not exceeding $15,000,000 in aggregate principal amount at any time outstanding; provided that
such Indebtedness finances expenses of the Employee Relocation Business that are, directly or indirectly, subject to reimbursement, indemnification, guarantee or other support (including by the charging of fees or other compensation at reasonable
rates determined by the applicable Subsidiary in good faith) by or from the customers receiving such relocation services; 

  
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 (n) unsecured Indebtedness of the Borrower or any Subsidiary of the Borrower not exceeding in the
aggregate as to the Borrower and its Subsidiaries $30,000,000 at any time outstanding and any Indebtedness extending the maturity of, or refunding or refinancing, in whole or in part, such Indebtedness; provided that (i) after giving
effect to the incurrence of any such Indebtedness on a Pro Forma Basis, the Borrower shall be in compliance with subsections 7.1(a) and (b) hereof, (ii) no Default or Event of Default shall have occurred and be continuing or would result
therefrom, (iii) all such Indebtedness permitted by this clause (n) shall be Subordinated Debt, (iv) such Indebtedness shall have been originally incurred to finance an acquisition permitted by clause (c) of subsection 7.10 and,
after giving effect to the consummation of such acquisition and the incurrence of such Indebtedness on a Pro Forma Basis, the Consolidated Leverage Ratio, recomputed as at the last day of the most recently ended fiscal quarter of the Borrower for
which the relevant information is available as if such acquisition had occurred on the first day of the relevant period for testing such compliance, shall be not greater than 0.50 less than the highest Consolidated Leverage Ratio permitted at such
time under subsection 7.1(b), and the Borrower shall have delivered to the Administrative Agent such financial information as the Administrative Agent shall reasonably request to demonstrate such compliance on a Pro Forma Basis and (v) the
principal amount of such Indebtedness shall not be increased above the principal amount thereof outstanding immediately prior to such extension, refunding or refinancing, and the direct and contingent obligors therefor shall not be changed (other
than as expressly permitted hereunder) as a result of or in connection with such extension, refunding or refinancing; 
 (o) Indebtedness of
the Borrower or any Subsidiary Guarantor owing to Holdings not exceeding $30,000,000 in aggregate principal amount at any one time outstanding; provided that such Indebtedness shall constitute Subordinated Intercompany Debt; 

(p) Indebtedness under the ABL Credit Agreement in an aggregate principal amount not to exceed (x) $50,000,000 outstanding at any time,
plus, (y) to the extent the Borrower has capacity under the borrowing base in the ABL Credit Agreement, (1) if the Consolidated Leverage Ratio would not be greater than 4.00:1.00 at the time of the incurrence of any such
Indebtedness, $5,000,000 outstanding at any time plus (2) if the Consolidated Leverage Ratio would not be greater than 3.00:1.00 at the time of incurrence of any such Indebtedness, an additional $10,000,000 outstanding at any time, and any
refinancing, refunding, renewal or extension of any such Indebtedness permitted by the Intercreditor Agreement; provided that the amount of such Indebtedness is not increased at the time of such refinancing, refunding, renewal or extension
except by an amount equal to the premium or other amounts paid, and fees and expenses incurred, in connection with such refinancing, refunding, renewal or extension; and 

(q) additional Indebtedness of the Borrower or any Subsidiary of the Borrower not to exceed $20,000,000 as to the Borrower and its Subsidiaries
in aggregate principal amount at any one time outstanding. 

  
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 For purposes of determining compliance with this subsection 7.2, 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 debt) or committed (in respect of revolving debt) on or prior to
the Closing Date, on the Closing Date and, in the case of such Indebtedness incurred (in respect of term debt) or committed (in respect of revolving debt) after the Closing Date, on the date that such Indebtedness was incurred (in respect of term
debt) or committed (in respect of revolving debt). 
 7.3 Limitation on Liens. Create, incur, assume or suffer to exist any Lien upon
any of its property, assets or revenues, whether now owned or hereafter acquired, except for: 
 (a) Liens for taxes, assessments and similar
charges (including Liens which arise under ERISA) not yet delinquent or the nonpayment of which in the aggregate would not reasonably be expected to have a Material Adverse Effect, or which are being contested in good faith by appropriate
proceedings diligently conducted and adequate reserves with respect thereto are maintained on the books of the Borrower or its Subsidiaries, as the case may be, in conformity with GAAP; 

(b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary
course of business which are not overdue for a period of more than 60 days or which are being contested in good faith by appropriate proceedings diligently conducted; 

(c) Liens of landlords or of mortgagees of landlords arising by operation of law or pursuant to the terms of real property leases;
provided that the rental payments secured thereby are not yet due and payable; 
 (d) pledges, deposits or other Liens in connection
with workers’ compensation, unemployment insurance, other social security benefits or other insurance-related obligations (including, without limitation, pledges or deposits securing liability to insurance carriers under insurance or
self-insurance arrangements); 
 (e) Liens arising by reason of any judgment, decree or order of any court or other Governmental Authority,
if appropriate legal proceedings which may have been duly initiated for the review of such judgment, decree or order are being diligently prosecuted and shall not have been finally terminated or the period within which such proceedings may be
initiated shall not have expired; 
 (f) Liens to secure the performance of bids, trade contracts (other than for borrowed money), leases,
statutory obligations, surety and appeal bonds, performance bonds, judgment and like bonds, replevin and similar bonds and other obligations of a like nature incurred in the ordinary course of business; 

(g) zoning restrictions, easements, rights-of-way, restrictions on the use of property, other similar encumbrances incurred in the ordinary
course of business that do not secure any monetary obligations and minor irregularities of title, which do not materially interfere with the ordinary conduct of the business of the Borrower and its Subsidiaries taken as a whole; 

  
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 (h) Liens securing or consisting of (i) Indebtedness of the Borrower and its Subsidiaries
permitted by subsection 7.2(d) incurred to finance or refinance the acquisition of fixed or capital assets, (ii) Indebtedness of the Borrower’s Foreign Subsidiaries permitted by subsection 7.2(h), (iii) Indebtedness of the Borrower
and its Subsidiaries permitted by subsection 7.2(i) assumed in connection with any acquisition permitted by subsection 7.10 or (iv) any extension, renewal, refunding or refinancing of any such Indebtedness referred to in the foregoing clauses
(i) through (iii); provided that (x) such Liens shall be created no later than the date of such acquisition or the date of the assumption of such Indebtedness or the date of such extension, renewal, refunding or refinancing and
(y) such Liens securing such Indebtedness are limited to the property financed thereby and, in the case of any such extension, renewal, refunding or refinancing, are limited to all or part of the same property or assets (plus improvements,
accessions, proceeds or dividends or distributions in respect thereof) that secured the Indebtedness that is extended, renewed, refunded or refinanced (including any after-arising property that would have been secured pursuant to the terms of such
Indebtedness); 
 (i) Liens on the **** Accounts securing the **** Receivables Debt permitted under subsection 7.2(l), but only to the extent
that any such Lien relates to the applicable **** Accounts actually sold pursuant to the Permitted **** Accounts Purchase Program; 
 (j)
(i) Liens in existence on the Closing Date and listed on Schedule 7.3(j) and (ii) other Liens securing Indebtedness of the Borrower and its Subsidiaries permitted by subsection 7.2(f); provided that (A) any such Lien is limited
to all or part of the properties or assets (plus improvements, accessions, proceeds or dividends or distributions in respect thereof) secured thereby on the Closing Date (including any after-arising property that would have been secured under the
written agreement under which the original Lien arose), and in the case of any extension, renewal, refunding or refinancing of the Indebtedness secured thereby, any such Lien is limited to all or part of the same property or assets (plus
improvements, accessions, proceeds or dividends or distributions in respect thereof) that secured the Indebtedness that is extended, renewed, refunded or refinanced (including any after-arising property that would have been secured pursuant to the
terms of such Indebtedness) and (B) the amount of Indebtedness secured thereby is not increased except as permitted by subsection 7.2(f); 

(k) Liens securing Guarantee Obligations permitted under subsection 7.4(d) not exceeding (as to the Borrower and all its Subsidiaries)
$2,000,000 in aggregate amount at any time outstanding; 
 (l) Liens arising from any licenses and sublicenses of Intellectual Property in
the ordinary course of business; 
 (m) Liens on equipment in favor of lessees or conditional purchasers of such equipment leased on a
Financing Lease basis or sold on a conditional basis by the Borrower or any of its Subsidiaries to Local Agents or Owner/Operators in the ordinary course of business of the Borrower and its Subsidiaries; 

(n) any encumbrance or restriction (including, without limitation, put and call agreements) with respect to the Capital Stock of any joint
venture or similar arrangement pursuant to the joint venture or similar agreement with respect to such joint venture or similar arrangement, provided that no such encumbrance or restriction affects in any way the ability of the Borrower or
any of its Subsidiaries to comply with subsection 7.15(b); 

  
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 (o) Liens on residential real property, fixtures and related assets acquired as contemplated by
subsection 7.2(m) securing Indebtedness permitted by subsection 7.2(m); 
 (p) Liens created pursuant to the Security Documents or otherwise
securing Indebtedness permitted by subsection 7.2(a) and any cash management services or Permitted Hedging Arrangements that are permitted to be secured on a ratable basis with such Indebtedness; 

(q) Liens on the Collateral securing Indebtedness permitted by subsection 7.2(p), provided that the Liens on the Collateral securing
Indebtedness permitted by subsection 7.2(p) are subject to the terms of the Intercreditor Agreement; 
 (r) Liens not otherwise permitted
hereunder, all of which Liens permitted pursuant to this subsection 7.3(r) secure obligations not exceeding (as to the Borrower and all its Subsidiaries) $3,000,000 in aggregate amount at any time outstanding; and 

(s) Liens on property transferred in a transaction permitted by subsection 7.6(a)(xi) to a Relocation SPV in connection with a Relocation SPV
Financing, but only to the extent that any such Lien relates to the applicable property actually sold pursuant to such Relocation SPV Financing. 

7.4 Limitation on Guarantee Obligations. Create, incur, assume or suffer to exist any Guarantee Obligation except: 

(a) Guarantee Obligations in existence on the Closing Date and listed in Schedule 7.4(a), and any refinancings, refundings, extensions or
renewals thereof, provided that the amount of such Guarantee Obligation shall not be increased at the time of such refinancing, refunding, extension or renewal except to the extent that the amount of Indebtedness in respect of such Guarantee
Obligations is permitted to be increased by subsection 7.2(f); 
 (b) Guarantee Obligations for performance, appeal, judgment, replevin and
similar bonds, or suretyship arrangements, all in the ordinary course of business; 
 (c) Guarantee Obligations in respect of indemnification
and contribution agreements expressly permitted by subsection 7.11(iii) or similar agreements by the Borrower; 
 (d) Guarantee Obligations
in respect of third-party loans and advances to officers or employees of Holdings, the Borrower or any of their respective Subsidiaries (i) for travel and entertainment expenses incurred in the ordinary course of business, (ii) for
relocation expenses incurred in the ordinary course of business or (iii) for any other purpose and, in the case of this clause (iii), in an aggregate principal amount (as to Holdings and all its Subsidiaries), together with the aggregate amount
of all Investments permitted under subsection 7.9(e)(iii), of up to $4,000,000 outstanding at any time; 

  
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 (e) obligations to insurers required in connection with worker’s compensation and other
insurance coverage incurred in the ordinary course of business; 
 (f) obligations of the Borrower and its Subsidiaries under Interest Rate
Protection Agreements, including obligations of the Borrower under any Interest Rate Protection Agreements relating to Indebtedness of the Borrower under this Agreement; 

(g) guarantees made by the Borrower or any of its Subsidiaries of obligations of the Borrower or any of its Subsidiaries, which obligations are
otherwise permitted under this Agreement; provided that guarantees by any Loan Party of obligations of any Subsidiary that is not a Loan Party shall be subject to the limitations set forth in subsection 7.9(f)(i); 

(h) Guarantee Obligations in connection with sales or other dispositions permitted under subsection 7.6, including indemnification obligations
with respect to leases, and guarantees of collectability in respect of accounts receivable or notes receivable for up to face value; 
 (i)
accommodation guarantees for the benefit of trade creditors of the Borrower or any of its Subsidiaries in the ordinary course of business of obligations of the Borrower or any of its Subsidiaries, which obligations are otherwise permitted by this
Agreement; 
 (j) Guarantee Obligations with respect to an aggregate principal amount of up to $10,000,000 of third-party loans and advances
to Local Agents and Owner/Operators, provided that such amount shall be reduced by the aggregate then outstanding principal amount of loans and Investments permitted by subsection 7.9(l); 

(k) Guarantee Obligations of the Borrower and its Subsidiaries in respect of obligations in connection with any Relocation SPV Financing;
provided that such obligations shall not constitute payment of any Indebtedness; 
 (l) Guarantee Obligations incurred pursuant to the
Guarantees or otherwise in respect of Indebtedness permitted by subsection 7.2(a); 
 (m) guarantees made by any Foreign Subsidiary of
third-party obligations under leases, provided that the aggregate amount of such guarantees shall not exceed $300,000 at any one time outstanding; 

(n) Guarantee Obligations in respect of Indebtedness of a Person in connection with a joint venture or similar arrangement which as to all of
such Persons do not at any time exceed $10,000,000 in aggregate principal amount; provided that such amount shall be reduced by the aggregate amount of then existing Investments permitted by subsection 7.9(g); 

(o) Guarantee Obligations of the Borrower or any Subsidiary Guarantor in respect of Indebtedness permitted by subsection 7.2(n);
provided that if such Indebtedness is Subordinated Debt, such Guarantee Obligations shall be subordinated to the Guarantee of the Obligations pursuant to the Guarantee and Collateral Agreement on terms no less favorable to the Lenders than
the subordination provisions of the Subordinated Debt; and 

  
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 (p) Guarantee Obligations of any Subsidiary Guarantor in respect of Indebtedness permitted by
subsection 7.2(p); 
 provided that, in no event shall the Borrower or any Guarantor guarantee any obligation of Holdings or any Finance Subsidiary.

 7.5 Limitation on Fundamental Changes. Enter into 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 of its property, business or assets, except: 

(a) any Subsidiary of the Borrower may be merged or consolidated with or into the Borrower (provided that the Borrower shall be the
continuing or surviving corporation) or with or into any one or more Wholly Owned Subsidiaries of the Borrower (provided that the Wholly Owned Subsidiary or Subsidiaries of the Borrower shall be the continuing or surviving entity; and
provided, further, that no Subsidiary that is a Loan Party may be merged or consolidated with or into a Subsidiary that is not a Loan Party unless the continuing or surviving entity is a Loan Party); 

(b) any Subsidiary of the Borrower may sell, lease, transfer or otherwise dispose of any or all of its assets (upon voluntary liquidation or
otherwise) to the Borrower or to any Wholly Owned Subsidiary of the Borrower; provided that Dispositions of assets by any Loan Party to any Subsidiary that is not a Loan Party shall be subject to the limitations set forth in subsection
7.9(f)(i); and 
 (c) as expressly permitted by subsection 7.6. 

7.6 Limitation on Sale of Assets. (a) Convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business
or assets (including, without limitation, receivables and leasehold interests), whether now owned or hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of such Subsidiary’s Capital Stock, to any Person other than
the Borrower or any Wholly Owned Subsidiary of the Borrower, except: 
 (i) the sale or other Disposition of obsolete or worn
out property, whether now owned or hereafter acquired, in the ordinary course of business; 
 (ii) the sale or other
Disposition of any property (including Inventory and the granting of Intellectual Property licenses) in the ordinary course of business; 

(iii) except as permitted pursuant to subsection 7.6(a)(xii) below, the sale or discount without recourse of accounts
receivable or notes receivable arising in the ordinary course of business, or the conversion or exchange of accounts receivable into or for notes receivable, in connection with the compromise or collection thereof; provided that, in the case
of any Foreign Subsidiary of the Borrower, any such sale or discount may be with recourse if such sale or discount is consistent with customary practice in such Foreign Subsidiary’s country of business and the aggregate amount of any such
recourse shall (to the extent such recourse is required by GAAP to be included as Indebtedness on the consolidated balance sheet of Holdings and its consolidated Subsidiaries) be included in the determination of such Foreign Subsidiary’s
Indebtedness for purposes of subsection 7.2; 

  
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 (iv) as permitted by subsection 7.5(b); 

(v) any other Asset Sales by the Borrower or any of its Subsidiaries the non-cash portion of the consideration for which does
not exceed 25% thereof; provided that (A) all Asset Sales permitted by this clause (v) shall be made for Fair Market Value and (B) an amount equal to 100% of such Net Cash Proceeds of any such Asset Sale less the
Reinvested Amount is applied in accordance with subsection 3.4(b) (it being understood that this proviso does not apply to any license, sublease or other similar Disposition pursuant to clause (x) below); 

(vi) the abandonment or other Disposition of any patent, trademark or other intellectual property that is, in the reasonable
judgment of the Borrower, no longer (A) material and economically practicable to maintain or (B) useful in the conduct of the business of the Borrower and its Subsidiaries, in each case taken as a whole; 

(vii) Dispositions permitted by subsection 7.9(k); provided that an amount equal to 100% of the Net Cash Proceeds of any
such Asset Sale is applied in accordance with subsection 3.4(b); 
 (viii) Dispositions of equipment, and (in the case of any
Disposition by any Foreign Subsidiary) other property, to Local Agents and Owner/Operators, including sales pursuant to lease or conditional sales agreements; provided that an amount equal to 100% of the Net Cash Proceeds of any such Asset
Sale less the Reinvested Amount is applied in accordance with subsection 3.4(b) (it being understood that this proviso does not apply to any license, sublease or other similar Disposition pursuant to clause (x) below); 

(ix) the Disposition of any Subsidiary that is not a Material Subsidiary; 

(x) licenses, subleases and other similar Dispositions in connection with any Disposition permitted by clauses (v) and
(viii) of this subsection 7.6(a); 
 (xi) Dispositions by the Borrower, SIRVA Relocation, SRHL, any of their respective
Subsidiaries engaged in the Employee Relocation Business to a Relocation SPV or to SIRVA Mortgage, in each case, in connection with the Employee Relocation Business, of the following, for value that is reasonable (as determined by the Borrower in
good faith): (A) any residential property, fixtures or related assets purchased in connection with the Employee Relocation Business, (B) any notes or receivables (x) from relocating employees or customers of the Employee Relocation
Business representing an advance of any portion of the purchase price for residential properties, fixtures or related assets or (y) otherwise created in the ordinary course of the Employee Relocation Business, (C) any contractual rights in
respect of reimbursement or indemnification for losses upon resale of any residential properties, fixtures or related assets disposed pursuant to clause (A) above, or (D) a portion of the fees due from customers of the Employee Relocation
Business, the transfer of which shall, in the good faith 

  
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 determination of the Borrower, be limited in amount to the amount necessary to compensate such
Relocation SPV or SIRVA Mortgage, as the case may be, for expected losses upon resales of residential properties, fixtures or related assets for which the customer has not agreed to make indemnification or reimbursement; 

(xii) the sale or assignment of **** Purchased Accounts pursuant to the terms of the **** Receivables Documents; and 

(xiii) transfers of property subject to casualty, eminent domain, or deed in lieu thereof. 

(b) Convey, sell or otherwise transfer shares of Capital Stock of a Foreign Subsidiary to any Loan Party or any Domestic Subsidiary of such
Loan Party unless at the time of such conveyance, sale or transfer (or promptly thereafter) such Loan Party or such Domestic Subsidiary shall execute and deliver to the Administrative Agent a Capital Stock pledge agreement and take any necessary
steps to perfect the security interest to be created thereby; provided that only 65% of the total outstanding voting Capital Stock of (x) any first tier Foreign Subsidiary (and none of the Capital Stock of any Subsidiary of such Foreign
Subsidiary) or (y) any Excluded Domestic Subsidiary, shall be required to be pledged. 
 7.7 Limitation on Loans and Dividends to
Holdings. Make any advance, loan or extension of credit to Holdings or declare or pay any dividend (other than dividends payable solely in common stock of the Borrower or options, warrants or other rights to purchase common stock of the
Borrower) on, or make any payment on account of, or set apart assets for a sinking or other analogous fund for, the purchase, redemption, defeasance, retirement or other acquisition of, any shares of any class of Capital Stock of the Borrower or
Holdings or any warrants or options to purchase any such Capital Stock, whether now or hereafter outstanding, or make any other distribution (other than distributions payable solely in common stock of the Borrower or options, warrants or other
rights to purchase common stock of the Borrower) in respect thereof, either directly or indirectly, whether in cash or property or in obligations of the Borrower or any Subsidiary, except that: 

(a) the Borrower and any of its Subsidiaries may make loans and advances, and the Borrower may pay cash dividends, to Holdings in an aggregate
amount sufficient to allow Holdings to pay: 
 (i) costs (including all professional fees and expenses) incurred by Holdings
in connection with reporting obligations under or otherwise incurred in connection with compliance with applicable laws, applicable rules or regulations of any governmental, regulatory or self-regulatory body or stock exchange, the Loan Documents or
any other agreement or instrument relating to Indebtedness of the Borrower or any Subsidiary of the Borrower, including in respect of any reports filed with respect to the Securities Act, the Exchange Act or the respective rules and regulations
promulgated thereunder; 
 (ii) indemnification and reimbursement obligations of Holdings owing to directors, officers,
employees or other Persons under its charter or by-laws or pursuant to written agreements with any such Person relating to their serving in any such capacity; 

  
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 (iii) obligations of Holdings in respect of director and officer insurance
(including premiums therefor); 
 (iv) professional fees and expenses and other operational expenses of Holdings relating to
its status, existence or operation as a public company, or to the ownership, management or operation of the business of the Borrower, any Subsidiary of the Borrower, or any Subsidiary of Holdings the principal business of which relates to supporting
or financing the business of the Borrower or any of its Subsidiaries, in each case, incurred in the ordinary course of business and in an aggregate amount not to exceed $3,500,000 in any fiscal year; 

(v) expenses incurred by Holdings in connection with any registrations, public offerings or exchange listings of equity
securities or Indebtedness and maintenance of the same (A) where the net proceeds of such offering are to be received by or contributed or loaned to the Borrower or a Subsidiary of the Borrower, or (B) in a prorated amount of such expenses
in proportion to the amount of such net proceeds intended to be so received, contributed or loaned, or (C) otherwise on an interim basis prior to completion of such offering so long as Holdings shall cause the amount of such expenses to be
repaid to the Borrower or the relevant Subsidiary of the Borrower out of the proceeds of such offering promptly if completed; and 

(vi) fees and expenses incurred in connection with the Transactions; provided that any such dividend is made on the
Closing Date; 
 (b) the Borrower and any of its Subsidiaries may make loans and advances and the Borrower may pay cash dividends to Holdings
(or its successor) to make payments under the Tax Sharing Agreement; 
 (c) [Reserved]; 

(d) the Borrower and any of its Subsidiaries may make loans and advances to Holdings to allow Holdings to capitalize any Relocation SPV;
provided that the aggregate amount of such Investments is permitted by subsection 7.9(p) or 7.9(q); provided, further, that such loans and advances shall be evidenced by promissory notes which shall constitute “Pledged
Collateral” under the Guarantee and Collateral Agreement; 
 (e) [Reserved]; 

(f) on the Closing Date, the Borrower may declare and pay a dividend to Holdings in connection with the redemption of $109,000,000 of Preferred
Stock; 
 (g) the Borrower and any of its Subsidiaries may make loans and advances, and the Borrower may pay cash dividends, to Holdings in
an aggregate amount sufficient to allow Holdings to repurchase shares of its common stock or options in respect thereof held by any existing or former employees or management or directors of the Borrower, Holdings or any Subsidiary of the Borrower
or their assigns, estates or heirs, in each case in connection with the repurchase provisions under employee stock option or stock purchase agreements or other agreements to compensate management employees; provided that (i) such common
stock or options were received for services related to, or for the benefit of, the Borrower or its Subsidiaries and (ii) the aggregate amount of such loans, advances and dividends does not exceed $2,500,000 in any fiscal year; 

  
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 (h) the Borrower and any of its Subsidiaries may make loans and advances to Holdings in an
aggregate amount not to exceed $3,000,000; provided that (A) no Default or Event of Default shall have occurred and be continuing or would result therefrom, (B) the Borrower and its Subsidiaries shall be in compliance with the
financial covenants set forth in subsections 7.1(a) and (b) immediately after giving effect thereto on a Pro Forma Basis and (C) such loans and advances shall not be used to fund the Cure Right; and 

(i) in addition to the loans, advances and dividend payments otherwise permitted under clauses (a) through (h) of this subsection
7.7, the Borrower and any of its Subsidiaries may make loans and advances, and the Borrower may pay cash dividends to Holdings, in an amount not to exceed to the Available Amount at such time; provided that (A) no Default or Event of
Default shall have occurred and be continuing or would result therefrom and (B) immediately after giving effect to such loans, advances or cash dividends on a Pro Forma Basis, (x) the Consolidated Leverage Ratio would not be greater than
2.50:1.00 and (y) the Borrower and its Subsidiaries shall be in compliance with the Consolidated Interest Coverage Ratio covenant set forth in subsection 7.1(a). 

7.8 Limitation on Capital Expenditures. Make or commit to make any Capital Expenditures (excluding any expenses incurred in connection
with normal replacement and maintenance programs properly charged to current operations and excluding any Reinvested Amounts); provided that the Borrower and its consolidated Subsidiaries may make Capital Expenditures in an amount not to
exceed $20,000,000 in any fiscal year; provided, further, that, in the event the entire $20,000,000 is not utilized in any fiscal year, one hundred percent (100%) of such unutilized portion may be carried over and expended during
the next succeeding fiscal year of the Borrower (it being understood and agreed that Capital Expenditures made pursuant to this subsection during any fiscal year shall be deemed made, first, in respect of amounts permitted for such fiscal
year as provided above, and second, in respect of amounts carried over from the prior fiscal year pursuant to the second proviso above), (x) commencing with the fiscal year any acquisition permitted under subsection 7.10 (or other
Investment constituting an acquisition of substantially all of the assets of any Person, or a division or line of business, or substantially all of the Capital Stock of any Person) is consummated, by an amount equal to 10% of EBITDA of any Person
(or attributable to any such assets, division or line of business) acquired in connection with such acquisition or other transaction for the most recent four fiscal quarter period for which financial results are available preceding such acquisition
or other transaction and (y) if (i) no Default or Event of Default shall have occurred and be continuing at the time thereof or would result therefrom and (ii) after giving effect thereto on a Pro Forma Basis, the Borrower and its
Subsidiaries would be in compliance with the financial covenants set forth in subsections 7.1(a) and (b), additional Capital Expenditures up to the Available Amount at such time. 

7.9 Limitation on Investments, Loans and Advances. Make any advance, loan, extension of credit or capital contribution to, or purchase
any stock, bonds, notes, debentures or other securities of or any assets constituting a business unit of, or make any other investment, in cash or by transfer of assets or property, in (each, an “Investment”), any Person, except:

  
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 (a) extensions of trade credit in the ordinary course of business; 

(b) Investments in Cash Equivalents; 

(c) Investments existing on the Closing Date and described in Schedule 7.9(c), setting forth the respective amounts of such Investments as of a
recent date; 
 (d) Investments in notes receivable and other instruments and securities obtained in connection with transactions permitted
by subsection 7.6(a)(iii); 
 (e) loans and advances to officers, directors or employees of Holdings, the Borrower or any of its Subsidiaries
(i) in the ordinary course of business for travel and entertainment or relocation expenses, (ii) existing on the Closing Date and described in Schedule 7.9(c), (iii) made after the Closing Date for other purposes, not to exceed (as to
Holdings and all its Subsidiaries), together with the amount of all Guarantee Obligations permitted pursuant to subsection 7.4(d)(iii), $4,000,000 in the aggregate outstanding at any time or (iv) relating to indemnification or reimbursement of
any officers, directors or employees in respect of liabilities relating to their serving in any such capacity or as otherwise specified in subsection 7.11; 

(f) (i) Investments by the Borrower in its Wholly Owned Subsidiaries and by such Subsidiaries in the Borrower and in Wholly Owned Subsidiaries
of the Borrower; provided that the aggregate amount of Investments made by any Loan Party in any Subsidiary that is not a Loan Party shall not exceed $20,000,000 in the aggregate at any one time outstanding; provided further that in
addition to the foregoing amounts, any Loan Party may make Investments in any Subsidiary that is not a Loan Party in an amount not exceeding the aggregate amount of dividends paid by such non-Loan Party Subsidiary to any Loan Party; and 

(ii) Investments in Holdings in amounts and for purposes for which dividends are permitted under subsection 7.7;
provided that at no time does the aggregate amount of such Investments (or relevant dividends) exceed the permitted amount of such dividends; 

(g) Investments by the Borrower or any of its Subsidiaries in a Person in connection with a joint venture or similar arrangement in an
aggregate amount not to exceed at any time an amount equal to $10,000,000; provided that such amount shall be reduced by the aggregate principal amount of Indebtedness in respect of Guarantee Obligations permitted by subsection 7.4(n); 

(h) Investments by the Borrower and its Subsidiaries under Interest Rate Protection Agreements, including Investments of the Borrower under
Interest Rate Protection Agreements relating to Indebtedness of the Borrower under this Agreement, if any; 

  
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 (i) Investments in the nature of pledges or deposits with respect to leases or utilities provided
to third parties in the ordinary course of business or otherwise described in subsection 7.3(c), (d) or (f); 
 (j) Investments
representing non-cash consideration received by the Borrower or any of its Subsidiaries in connection with any Asset Sale; provided that in the case of any Asset Sale permitted under subsection 7.6(a)(v), such non-cash consideration
constitutes not more than 25% of the aggregate consideration received in connection with such Asset Sale and any such non-cash consideration received by the Borrower or any of its Subsidiaries (other than Foreign Subsidiaries to the extent that the
Borrower’s obligations would be secured by a pledge of such non-cash consideration) is pledged to the Administrative Agent for the benefit of the Secured Parties pursuant to the Security Documents; 

(k) Investments representing evidences of Indebtedness, securities or other property received from another Person by the Borrower or any of its
Subsidiaries in connection with any bankruptcy proceeding or other reorganization of such other Person or as a result of foreclosure, perfection or enforcement of any Lien or exchange for evidences of Indebtedness, securities or other property of
such other Person held by the Borrower or any of its Subsidiaries; provided that any such securities or other property received by the Borrower or any of its Subsidiaries (other than Foreign Subsidiaries (to the extent that the
Borrower’s obligations would be secured by a pledge of such securities or other property)) is, to the extent required under the Guarantee and Collateral Agreement, pledged to the Administrative Agent for the benefit of the Secured Parties
pursuant to the Security Documents; and provided, further, that in the event that the aggregate expected value of such securities or other property received with respect to a Person is less than $1,000,000, the Borrower or such
Subsidiary may, rather than pledge such securities and other property to the Administrative Agent, dispose of such securities and other property within 180 days of the receipt thereof and any such securities and other property not so disposed of by
such 180th day shall, to the extent required under the Guarantee and Collateral Agreement, be pledged to the Administrative Agent for the benefit of the Secured Parties pursuant to the Security
Documents; 
 (l) loans to Local Agents and Owner/Operators in the ordinary course of business for working capital purposes, and Investments
by the Borrower and its Subsidiaries represented by any Financing Lease or conditional sale of equipment by the Borrower or any of its Subsidiaries to Local Agents or Owner/Operators, in an aggregate amount not to exceed $10,000,000 outstanding at
any one time; provided that such amount shall be reduced by the aggregate principal amount of loans and advances in respect of Guarantee Obligations permitted by subsection 7.4(j); 

(m) loans and advances by the Borrower or any of its Subsidiaries to Holdings expressly permitted by subsection 7.7; 

(n) loans and advances made by SIRVA Relocation, SRHL, any of their respective Subsidiaries or any other Subsidiary of the Borrower primarily
engaged in the Employee Relocation Business to a relocating employee for the purpose of financing a portion of the purchase price for the acquisition of residential real estate, including any fixtures or related assets; provided that such
loans and advances are (i) made by SIRVA Relocation, SRHL or any such Subsidiaries in the ordinary course of business in connection with the provision of relocation services and (ii) guaranteed by the relocating employee’s employer;

  
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 (o) acquisitions expressly permitted by subsection 7.10; 

(p) Investments comprised of loans or advances to Holdings to allow Holdings to capitalize a Relocation SPV; provided that (i) the
aggregate amount of all such Investments outstanding at any time shall not exceed an amount that is equal to $30,000,000 and (ii) within five Business Days after the making of such Investment, the Relocation SPV shall have acquired from the
Borrower or any of its Subsidiaries assets pursuant to subsection 7.6(a)(xi) or repaid all amounts owed by the Relocation SPV to Holdings (which shall promptly contribute such amount to the Borrower), the Borrower or any of its Subsidiaries, in an
amount substantially equal (after giving effect to any ordinary course discounts in connection with such transactions) to the amount of such Investment; and 

(q) (i) Investments not otherwise permitted by the preceding clauses of this subsection 7.9 not to exceed in the aggregate the sum of
(x) $5,000,000 outstanding at any time plus (y) $5,000,000 outstanding at any time; provided that, with respect to this clause (y) only, after giving effect thereto on a Pro Forma Basis, the Consolidated Leverage Ratio
would not be greater than 2.50:1.00 and (ii) additional Investments up to the Available Amount at such time; provided that, in the case of clause (ii), (A) no Default or Event of Default shall have occurred and be continuing or
would result therefrom, (B) the Borrower and its Subsidiaries shall be in compliance with the financial covenant set forth in subsection 7.1(a) after giving effect thereto on a Pro Forma Basis and (C) after giving effect thereto on a Pro
Forma Basis, the Consolidated Leverage Ratio would not be greater than 2.50:1.00. 
 7.10 Limitations on Certain Acquisitions.
Acquire by purchase or otherwise all the business or assets of, or stock or other evidences of beneficial ownership of, any Person, except that the Borrower and its Subsidiaries shall be allowed to make any such acquisitions so long as: 

(a) such acquisition is expressly permitted by subsection 7.5; 

(b) the aggregate consideration consists of any combination of: 

(i) Capital Stock of Holdings; and/or 

(ii) cash in an amount equal to the Net Cash Proceeds of the sale or issuance of Capital Stock of Holdings which amount (if
such cash consideration is paid by the Borrower or any of its Subsidiaries) is contributed to the Borrower within 90 days prior to the date of the relevant acquisition; or 

(c) (i) the aggregate consideration consists of any combination of cash and other property (excluding cash and other property covered under
subsection 7.10(b)) and Indebtedness (whether incurred or assumed) in an aggregate amount which, when aggregated with all other amounts of cash and such other property paid for acquisitions, and Indebtedness incurred or assumed, in each case in
reliance on this clause (c)(i), does not exceed $50,000,000 (of which not more than $25,000,000 in the aggregate may be used to acquire the Capital Stock of any Person that is not a Loan Party or other assets that are not Collateral); 

  
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 (ii) the aggregate consideration consists of any combination of additional cash
and other property (excluding cash and other property covered under subsection 7.10(b) and/or subsection 7.10(c)(i)) and Indebtedness (whether incurred or assumed) in an aggregate amount which, when aggregated with all other amounts of cash and such
other property paid for acquisitions, and Indebtedness incurred or assumed, in each case in reliance on this clause (c)(ii), does not exceed the Available Amount at such time, provided that at the time of such acquisition, the Consolidated
Leverage Ratio, calculated on a Pro Forma Basis after giving effect to such acquisition, is less than 2.50:1.00; 
 provided in each case under
clauses (b) and (c) above that, (x) the Borrower shall be in compliance, on a Pro Forma Basis after giving effect to such acquisition, with the covenants contained in subsections 7.1(a) and (b), and (y) after giving effect
thereto, no Default or Event of Default shall have occurred and be continuing or shall occur as a result of such acquisition. 
 7.11
Limitation on Transactions with Affiliates. Enter into any transaction, including, without limitation, any purchase, sale, lease or exchange of property or the rendering of any service, with any Affiliate of the Borrower unless such
transaction is (a) otherwise permitted under this Agreement, and (b) upon terms no less favorable to the Borrower or such Subsidiary, as the case may be, than it would obtain in a comparable arm’s-length transaction with a Person
which is not an Affiliate; provided that nothing contained in this subsection 7.11 shall be deemed to prohibit: 
 (i)
the Borrower or any of its Subsidiaries from entering into or performing any consulting, management or employment agreements or other compensation arrangements with a director, officer or employee of Holdings or any of its Subsidiaries,
provided that the annual aggregate base compensation with respect to any such director, in its capacity as such, is not in excess of $500,000; 

(ii) the payment of transaction expenses in connection with this Agreement and the other transactions related hereto and
thereto; 
 (iii) the Borrower or any of its Subsidiaries from entering into, making payments pursuant to and otherwise
performing an indemnification and contribution agreement in favor of each person who becomes a director, officer, agent or employee of Holdings, the Borrower or any of their respective Subsidiaries, in respect of liabilities (A) arising under
the Securities Act, the Exchange Act and any other applicable securities laws or otherwise, in connection with any offering of securities by Holdings, the Borrower or any of their Subsidiaries, (B) incurred with respect to third parties for any
action or failure to act of Holdings, the Borrower or any of their Subsidiaries, predecessors or successors, (C) arising out of the fact that any indemnitee was or is a director, officer, agent or employee of Holdings, the Borrower or any of
their Subsidiaries, or is or was serving at the request of any such corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or enterprise or (D) to the fullest extent permitted by Delaware
or other applicable state law, arising out of any breach or alleged breach by such indemnitee of his or her fiduciary duty as a director or officer of Holdings, the Borrower or any of their Subsidiaries; 

  
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 (iv) the Borrower or any of its Subsidiaries from performing any agreements or
commitments with or to any Affiliate existing on the Closing Date and described on Schedule 7.11(iv); 
 (v) any transaction
permitted under subsection 7.3(k), 7.4(c), 7.4(d), 7.4(k), 7.5(a), 7.5(b), 7.6(a)(xi), 7.7, 7.9(e), 7.9(f), 7.9(l) or 7.9(p), or any transaction with a Wholly Owned Subsidiary of the Borrower; or 

(vi) the Borrower or any of its Subsidiaries from performing its respective obligations under the Tax Sharing Agreement. 

For purposes of this subsection 7.11, (A) any transaction with any Affiliate shall be deemed to have satisfied the standard set forth in clause
(b) of the first sentence of this subsection 7.11 if (i) such transaction is approved by a majority of the Disinterested Directors of the board of directors of the Borrower or the applicable Subsidiary, or (ii) in the event that at
the time of any such transaction, there are no Disinterested Directors serving on the board of directors of the Borrower or such Subsidiary, such transaction shall be approved by a nationally recognized expert with expertise in appraising the terms
and conditions of the type of transaction for which approval is required, and (B) “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. 
 7.12 Limitation on Sales and
Leasebacks. Enter into any arrangement with any Person providing for the leasing by the Borrower or any Subsidiary of real or personal property which has been or is to be sold or transferred by the Borrower or such Subsidiary to such Person or
to any other Person to whom funds have been or are to be advanced by such Person on the security of such property or rental obligations of the Borrower or such Subsidiary (any of such arrangements, a “Sale and Leaseback
Transaction”), other than in connection with any Disposition permitted under subsection 7.6, unless (a) in the case of any Financing Lease pursuant to such arrangement, the incurrence of such Financing Lease is permitted under
subsection 7.2(d), or (b) in the case of any other lease pursuant to such arrangements, (i) the lease payments thereunder will be treated as an operating expense for purposes of determining EBITDA and (ii) the aggregate Net Cash
Proceeds from all Sale and Leaseback Transactions permitted by this clause (b) (A) shall not during the term of this Agreement exceed an amount permitted by subsection 7.6(a)(v), and (B) shall be applied to prepay the Loans pursuant
to subsection 3.4(b). 
 7.13 Limitations on Dispositions of Collateral. Convey, sell, transfer, lease, or otherwise dispose of any
of the Collateral, or attempt, offer or contract to do so, except for (a) mergers, consolidations, sales, leases, transfers or other Dispositions expressly permitted under subsection 7.5 and (b) sales or other Dispositions expressly
permitted under subsection 7.6, including sales of Inventory in the ordinary course of business; and the Administrative Agent shall, and the Lenders hereby authorize the Administrative Agent to, execute such releases of Liens and take such other
actions as the Borrower may reasonably request in connection with the foregoing. 

  
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 7.14 Limitation on Changes in Fiscal Year. Permit the fiscal year of the Borrower to end
on a day other than the last day of December. 
 7.15 Limitation on Lines of Business; Creation of Subsidiaries. (a) Enter into
any business, either directly or through any Subsidiary or joint venture or similar arrangement described in subsection 7.9(g), except for those businesses of the same general type as those in which the Borrower and its Subsidiaries are engaged on
the Closing Date, or which are related thereto. 
 (b) Create any new Subsidiaries of the Borrower other than any other new Subsidiary that
(in the case of a new Domestic Subsidiary) shall execute and deliver to the Administrative Agent, as applicable, the Guarantee and Collateral Agreement, the Intercreditor Agreement and appropriate Mortgages and other security documents and take any
necessary steps to perfect the security interest to be created thereby and for which the relevant parent entity (if such parent entity is the Borrower or a Guarantor) shall execute and deliver to the Administrative Agent a stock pledge agreement and
take any necessary steps to perfect the security interest to be created thereby; provided, that in the case of a Foreign Subsidiary, only 65% of the voting stock of such Subsidiary will be required to be pledged by the relevant parent under
such stock pledge agreement. 
 7.16 Limitation on Modifications of Tax Sharing Agreement. (a) Amend, supplement or otherwise
modify (pursuant to a waiver or otherwise) the terms and conditions of the Tax Sharing Agreement in any manner that would increase the amounts payable by the Borrower or any of its Subsidiaries thereunder in any manner that could reasonably be
expected to be materially adverse to the Lenders, other than amendments reasonably reflecting changes in law or regulations after the date hereof, or (b) otherwise amend, supplement or otherwise modify the terms and conditions of the Tax
Sharing Agreement except to the extent that any such amendment, supplement or modification could not reasonably be expected to have a Material Adverse Effect. 

7.17 Use of Proceeds. Use the proceeds of the Loans for purposes other than (a) to repay in full on the Closing Date all amounts
outstanding under the Existing Credit Agreements, (b) to redeem $109,000,000 of Preferred Stock and (c) to pay fees and expenses incurred in connection therewith. 

7.18 Covenants of Holdings. With respect to Holdings (a) conduct, transact or otherwise engage in, or commit to conduct, transact
or otherwise engage in, any business or operations other than: 
 (i) those incidental to its ownership of its Subsidiaries,
including the provision of administrative, legal, accounting and management services to or on behalf of any of its Subsidiaries, 

  
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 (ii) the entry into, and the exercise of rights and performance of obligations in
respect of, (A) this Agreement and any other Loan Document to which Holdings is a party, (B) the ABL Credit Agreement and any other ABL Collateral Document to which Holdings is a party (subject to the Intercreditor Agreement),
(C) contracts and agreements with officers, directors and employees of Holdings or its Subsidiaries relating to their employment or directorships, (D) insurance policies and related contracts and agreements, and (E) equity
subscription agreements, registration rights agreements, voting and other stockholder agreements, engagement letters and other agreements in respect of its equity securities, 

(iii) (A) the offering, issuance, sale and repurchase or redemption of, and dividends or distributions on, its equity
securities to the extent not constituting Disqualified Stock and (B) the issuance of the Preferred Stock, 
 (iv) the
making of any loans, dividends or other distributions to the extent such loans, dividends or other distributions are permitted to be made to Holdings pursuant to subsection 7.7 (it being agreed that to the extent any loans are made to Holdings
pursuant to subsection 7.7, Holdings may in turn make loans, dividends or distributions based on such provisions); provided that, with respect to any loans, dividends or other distributions permitted to be made to Holdings pursuant to
subsection 7.7(h) or (i) as it relates to loans, dividends or other distributions to be made by Holdings, the Consolidated Leverage Ratio, after giving effect to such loan, dividend or other distribution on a Pro Forma Basis, would not be
greater than 2.50:1.00, 
 (v) the filing of registration statements, and compliance with applicable reporting and other
obligations, under federal, state or other securities laws, 
 (vi) the listing of its equity securities and compliance with
applicable reporting and other obligations in connection therewith, 
 (vii) the retention of (and the entry into, and the
exercise of rights and performance of obligations in respect of, contracts and agreements with) transfer agents, private placement agents, underwriters, counsel, accountants and other advisors and consultants, 

(viii) compliance with applicable reporting and other obligations, under federal, state or other securities laws, 

(ix) the performance of obligations under and compliance with (A) its certificate of incorporation and by-laws or
(B) other organizational documents, or any applicable law, ordinance, regulation, rule, order, judgment, decree or permit, including, without limitation, as a result of or in connection with the activities of its Subsidiaries, 

(x) the incurrence and payment of its operating and business expenses and any taxes for which it may be liable, 

(xi) the making of loans to or other Investments in, or incurrence of Indebtedness to, its Subsidiaries (to the extent not
prohibited by this Agreement), 

  
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 (xii) the ownership of, and the exercise of rights and performance of obligations
in respect of, Intellectual Property and foreign patents, trademarks, trade names, copyrights, technology, know-how and processes and licensing such Intellectual Property and foreign patents, trademarks, trade names, copyrights, technology, know-how
and processes (other than Intellectual Property which is material to the business of the Borrower and its Subsidiaries, which Intellectual Property shall be owned by the Borrower and its Subsidiaries), and 

(xiii) other activities incidental or related to the foregoing; 

(b) Guarantee any Indebtedness or other obligations of any of its Subsidiaries, (it being understood that this provision shall not restrict
Holdings from incurring or suffering to exist any Lien on any Capital Stock or Indebtedness of, or other ownership interests in, the Borrower, to secure its Guarantee of the Obligations and the ABL Obligations); 

(c) own, lease, manage or otherwise operate any material tangible properties or assets (it being understood that cash and cash equivalents do
not constitute tangible properties or assets) other than the ownership of shares of Capital Stock of its Subsidiaries, or otherwise as contemplated by or in connection with any activity permitted under the preceding clause (a) of this
subsection 7.18; and 
 (d) make any amendment, waiver, consent, supplement or other modification to any of its certificate or articles of
incorporation or by-laws if the effect of such amendment, restatement, supplement or other modification would be materially adverse to the Lenders. 

7.19 Limitation on Negative Pledge Clauses. Enter into with any Person any agreement which prohibits or limits the ability of the
Borrower or any of its Subsidiaries (other than any Foreign Subsidiaries or Subsidiaries thereof) to create, incur, assume or suffer to exist any Lien in favor of the Lenders with respect to the Obligations upon any of its property, assets or
revenues, whether now owned or hereafter acquired, other than (a) this Agreement and the other Loan Documents and any related documents, (b) the ABL Credit Agreement and the ABL Collateral Documents, (c) any industrial revenue or
development bonds, purchase money mortgages, acquisition agreements or Financing Leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the assets financed or acquired thereby) or operating
leases of real property entered into in the ordinary course of business and (d) any agreements in connection with any Relocation SPV Financing (in which cases, any prohibition or limitation shall only be effective against the residential
properties, fixtures, notes, receivables, fees and related assets subject thereto). 
 7.20 Clauses Restricting Subsidiary
Distributions. Enter into or suffer to exist or become effective any consensual encumbrance or restriction on the ability of any Subsidiary of the Borrower to (a) make any advance, loan or declare or pay any dividend in respect of any
Capital Stock of such Subsidiary held by, or pay any Indebtedness owed to, the Borrower or any other Subsidiary of the Borrower, (b) make loans or advances to, or other Investments in, the Borrower or any other Subsidiary of the Borrower or
(c) transfer any of its assets to the Borrower or any other Subsidiary of the Borrower, except for such encumbrances or restrictions existing under or by reason of (i) any restrictions existing under the Loan Documents, (ii) any
restrictions 

  
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 existing under the ABL Credit Agreement and the ABL Collateral Documents and (iii) any restrictions with
respect to a Subsidiary imposed pursuant to an agreement that has been entered into in connection with the Disposition of all or substantially all of the Capital Stock or assets of such Subsidiary. 

7.21 Modifications of Organizational Documents. Make any amendment, waiver, consent, supplement or other modification to any of its
certificate or articles of incorporation or by-laws if the effect of such amendment, restatement, supplement or other modification would be materially adverse to the Lenders. 

7.22 **** Receivables Debt. 

(a) Permit any payment of principal or interest to be made on the **** Receivables Debt except as set forth in the **** Receivables Documents;

 (b) Prepay, redeem, defease, purchase or otherwise acquire any **** Receivables Debt; 

(c) Fail to give the Administrative Agent prompt written notice of any material notice received from the **** Accounts Purchaser or any holder
of the **** Receivables Debt including, without limitation, any notice of any default under any agreement or instrument relating thereto by reason whereof such Indebtedness might become or be declared to be due or payable; or 

(d) Enter into or consent to any modification or alteration of any **** Receivables Document, which modification or alteration is adverse to
the interests of the Lenders, without the prior written consent of the Administrative Agent acting in its reasonable discretion; it being agreed and understood that any modification or alteration that permits **** Accounts Purchaser to purchase
Accounts other than **** Accounts is adverse to the Lenders. 
 SECTION 8. EVENTS OF DEFAULT 

8.1 Events of Default. If any of the following events shall occur and be continuing: 

(a) The Borrower shall fail to pay any principal of any Loan when due in accordance with the terms hereof (whether at stated maturity, by
mandatory prepayment or otherwise); or the Borrower shall fail to pay any interest on any Loan, or any other amount payable hereunder, within three days after any such interest or other amount becomes due in accordance with the terms hereof; or 

(b) Any representation or warranty made or deemed made by Holdings or any Loan Party herein or in any other Loan Document (or in any amendment,
modification or supplement hereto or thereto) or which is contained in any certificate furnished at any time by or on behalf of Holdings or any Loan Party pursuant to this Agreement or any such other Loan Document shall prove to have been incorrect
in any material respect (except that such materiality qualified shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) on or as of the date made or deemed made; or

  
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 (c) (i) Any Loan Party shall default in the observance or performance of any agreement of such
Person contained in subsection 6.3, subsection 6.7(a), subsection 6.12 or Section 7 of this Agreement or (ii) Holdings shall default in the observance or performance of any agreement of Holdings contained in subsection 7.18; or 

(d) Holdings or any Loan Party, as applicable, shall default in the observance or performance of any other agreement of such Person contained
in this Agreement or any other Loan Document (other than as provided in paragraphs (a) through (c) of this Section 8), and such default shall continue unremedied for a period ending on the earlier of (i) the date 30 days after a
Responsible Officer of the Borrower shall have discovered such default and (ii) the date 30 days after written notice has been given to the Borrower by the Administrative Agent or the Required Lenders; or 

(e) Holdings, the Borrower or any of the Borrower’s Subsidiaries, as applicable, shall (i) default in any payment of principal of or
interest on any Indebtedness (other than the Loans) in excess of $7,500,000 or in the payment of any Guarantee Obligation in excess of $7,500,000, beyond the period of grace, if any, provided in the instrument or agreement under which such
Indebtedness or Guarantee Obligation was created; or (ii) default in the observance or performance of any other agreement or condition relating to any Indebtedness or Guarantee Obligation referred to in clause (i) above or contained in any
instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Indebtedness or
beneficiary or beneficiaries of such Guarantee Obligation (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice or lapse of time if required, such Indebtedness to become due
prior to its stated maturity or such Guarantee Obligation to become payable (an “Acceleration”), and such time shall have lapsed and, if any notice (a “Default Notice”) shall be required to commence a grace period
or declare the occurrence of an event of default before notice of Acceleration may be delivered, such Default Notice shall have been given; or 

(f) (i) Holdings, the Borrower or any Material Subsidiary shall commence any case, proceeding or other action (A) under any Debtor Relief
Laws now or hereafter in effect, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution,
composition or other relief with respect to it or its debts, or (B) seeking appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or any substantial part of its assets, or Holdings, the Borrower
or any Material Subsidiary shall make a general assignment for the benefit of their respective creditors; or (ii) there shall be commenced against Holdings, the Borrower or any Material Subsidiary under any Debtor Relief Laws now or hereafter
in effect, any case, proceeding or other action of a nature referred to in clause (i) above which (A) results in the entry of an order for relief or any such adjudication or appointment or (B) remains undismissed, undischarged,
unstayed or unbonded for a period of 60 days; or (iii) there shall be commenced against Holdings, the Borrower or any Material Subsidiary any case, proceeding or other action seeking issuance of a warrant of attachment, 

  
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 execution, distraint or similar process against all or any substantial part of their respective assets which
results in the entry of an order for any such relief which shall not have been vacated, discharged, stayed or bonded pending appeal within 60 days from the entry thereof; or (iv) Holdings, the Borrower or any Material Subsidiary shall take any
corporate action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or (v) Holdings, the Borrower or any Material Subsidiary shall be generally
unable to, or shall admit in writing its general inability to, pay its debts as they become due; or 
 (g) The occurrence of one or more
ERISA Events, if such ERISA Event, together with all other such ERISA Events, if any, constitutes or would be reasonably expected to result in liability which would have a Material Adverse Effect; or 

(h) One or more judgments or decrees shall be entered against the Borrower or any of its Subsidiaries involving in the aggregate at any time a
liability (net of any insurance or indemnity payments actually received in respect thereof prior to or within 60 days from the entry thereof, or to be received in respect thereof in the event any appeal thereof shall be unsuccessful) of $5,000,000
or more, and all such judgments or decrees shall not have been vacated, discharged, stayed or bonded pending appeal within 60 days from the entry thereof; or 

(i) (i) Any of the Security Documents shall cease for any reason to be in full force and effect (other than pursuant to the terms hereof or
thereof), or Holdings or any Loan Party which is a party to any of the Security Documents shall so assert in writing, or (ii) the Lien created by any of the Security Documents shall cease to be perfected and enforceable in accordance with its
terms or of the same effect as to perfection and priority purported to be created thereby with respect to any significant portion of the Collateral (other than in connection with any termination of such Lien in respect of any Collateral as permitted
hereby or by any Security Document); or 
 (j) Any Guarantee shall cease for any reason to be in full force and effect (other than pursuant
to the terms hereof or thereof) or any Guarantor shall so assert in writing; or 
 (k) A Change of Control shall have occurred; or 

(l) Any Loan Document (other than this Agreement, any of the Security Documents or any Guarantee) shall cease for any reason to be in full
force and effect (other than pursuant to the terms hereof or thereof) or any Loan Party shall so assert in writing; or 
 (m) An early
redemption event, early amortization event or event of default shall have occurred and be continuing under the Securitization or any Alternative Financing the effect of which is to cause such financing to amortize prior to its scheduled amortization
date; or 
 (n) The Borrower or any of the Borrower’s Subsidiaries shall make any payment in respect of any amounts outstanding under
any Relocation SPV Financings with SIRVA Mortgage, or shall make any advance to SIRVA Mortgage, for such purpose; excluding in each case, any payment or advance in respect of interest payments, costs and expenses (other than principal) on mortgages
made by SIRVA Relocation to SIRVA Mortgage in connection with services rendered by SIRVA Mortgage in the ordinary course of SIRVA Mortgage’s business; 

  
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 then, and in any such event, (A) if such event is an Event of Default specified in clause (i) or
(ii) of paragraph (f) above, automatically the Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and any Notes shall immediately become due and payable, and (B) if such event is any other
Event of Default, either or both of the following actions may be taken: (i) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the
Borrower, declare the Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and any Notes to be due and payable forthwith, whereupon the same shall immediately become due and payable, without presentment,
demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Loan Parties, anything contained herein or in any other Loan Document to the contrary notwithstanding; (ii) the Administrative Agent may set-off
amounts in any accounts of the Loan Parties and apply such amounts to the Obligations of the Loan Parties hereunder and under the other Loan Documents in accordance with Section 6.5 of the Guarantee and Collateral Agreement; and (iii) the
Administrative Agent may exercise any and all remedies under this Agreement, and applicable law available to the Administrative Agent and the Lenders. 

Except as expressly provided above in this subsection 8.1, presentment, demand, protest and all other notices of any kind are hereby expressly
waived. 
 8.2 Right to Cure. (a) Notwithstanding anything to the contrary contained in subsection 8.1, for purposes of
determining whether the Borrower has failed to comply with the requirement of subsection 7.1, the Borrower shall have the right (the “Cure Right”) to increase EBITDA for any fiscal quarter by the amount of cash proceeds (the
“Cure Amount”) actually received by Holdings from the issuance by Holdings of common equity or other Capital Stock that is not Disqualified Stock or from common equity contributions to Holdings, in each case so long as the
respective such amounts are then contributed by Holdings as cash to the common equity of the Borrower, after the first day of such fiscal quarter and on or prior to the date that is ten days after the date on which financial statements with respect
to such fiscal quarter or such fiscal year are required to be delivered pursuant to subsection 6.1 (the “Cure Date”) (it being understood and agreed that a given Cure Amount shall only increase EBITDA as provided herein for a single
fiscal quarter (and any period which includes such fiscal quarter) and that, on or prior to the Cure Date the Borrower shall inform the Administrative Agent of the Cure Amount and the respective fiscal quarter for which the same shall be deemed to
increase EBITDA as provided herein), whereupon the financial covenants in subsection 7.1 shall be recalculated giving effect to the following pro forma adjustments: 

(i) EBITDA shall be increased, solely for the purpose of determining the existence of a Default or Event of Default under the
financial covenants in subsection 7.1 with respect to any period of four consecutive fiscal quarters that includes the fiscal quarter for which the Cure Right was exercised and not for any other purpose under this Agreement, by an amount equal to
the Cure Amount; and 

  
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 (ii) if, after giving effect to the foregoing recalculations, the Borrower shall
then be in compliance with the requirements of subsection 7.1, the Borrower shall be deemed to have satisfied the requirements of subsection 7.1 as of the relevant date of determination with the same effect as though there had been no failure to
comply therewith at such date, and the applicable breach of or default under subsection 7.1 that had occurred shall be deemed cured for the purposes of this Agreement. 

(b) Notwithstanding anything herein to the contrary, (i) in each four fiscal quarter period there shall be a period of at least two fiscal
quarters in which no Cure Right is made, (ii) during the term of this Agreement there shall be no more than five fiscal quarters in which a Cure Right is made and (iii) the Cure Amount shall be no greater than the amount required to cause
the Borrower to be in compliance with subsection 7.1. 
 SECTION 9. AGENTS 

9.1 Appointment of Agents. Goldman Sachs is hereby appointed the Administrative Agent and the Collateral Agent hereunder and under the
other Loan Documents and each Lender hereby authorizes Goldman Sachs to act as the Administrative Agent and the Collateral Agent in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as
such upon the express conditions contained herein and the other Loan Documents, as applicable. The provisions of this Section 9 (other than as expressly provided herein) are solely for the benefit of the Agents and the Secured Parties and no
Loan Party shall have any rights as a third-party beneficiary of any of the provisions of this Section 9 (other than as expressly provided herein). In performing its functions and duties hereunder, each Agent shall act solely as an agent of the
Lenders and shall not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Holdings or any of its Subsidiaries. Notwithstanding any other provision of this Agreement or any provision of
any other Loan Document, each of the Joint Lead Arrangers, the Joint Bookrunners and the Syndication Agent are named as such for recognition purposes only, and in their respective capacities as such shall have no duties, responsibilities or
liabilities with respect to this Agreement or any other Loan Document; it being understood and agreed that each of the Joint Lead Arrangers, the Joint Bookrunners and the Syndication Agent shall be entitled to all indemnification and reimbursement
rights in favor of the Agents provided herein and in the other Loan Documents and all of the other benefits of this Section 9. Without limitation of the foregoing, none of the Joint Lead Arrangers, the Joint Bookrunners or the Syndication Agent
in their respective capacities as such shall, by reason of this Agreement or any other Loan Document, have any fiduciary relationship in respect of any Lender, Loan Party or any other Person. 

9.2 Powers and Duties. Each Lender irrevocably authorizes each Agent to take such action on such Lender’s behalf and to exercise
such powers, rights and remedies hereunder and under the other Loan Documents as are specifically delegated or granted to such Agent by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably incidental
thereto. In the event that any obligations (other than the Obligations) are permitted to be incurred hereunder and secured by Liens permitted to be incurred hereunder on all or a portion of the Collateral, each Lender authorizes the Administrative
Agent to enter into intercreditor agreements, subordination agreements and amendments to the Security Documents 

  
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 to reflect such arrangements on terms acceptable to the Administrative Agent. Each Agent shall have only those
duties and responsibilities that are expressly specified herein and the other Loan Documents. Each Agent may exercise such powers, rights and remedies and perform such duties by or through its agents or employees. No Agent shall have, by reason
hereof or in any of the other Loan Documents, a fiduciary relationship or other implied duties in respect of any Lender; and nothing herein or any of the other Loan Documents, expressed or implied, is intended to or shall be so construed as to
impose upon any Agent any obligations in respect hereof or any of the other Loan Documents except as expressly set forth herein or therein. Without limiting the generality of the foregoing sentence, the use of the term “agent” in this
Agreement and in the other Loan Documents with reference to any Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under the agency doctrine of any applicable law. Instead, such term is used merely as a
matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties. 

9.3 General Immunity. 

(a) No Responsibility for Certain Matters. No Agent shall be responsible to any Lender for the execution, effectiveness, genuineness,
validity, enforceability, collectability or sufficiency hereof or any other Loan Document, or for the creation, perfection or priority of any Lien, or for any representations, warranties, recitals or statements made herein or therein or made in any
written or oral statements or in any financial or other statements, instruments, reports or certificates or any other documents furnished or made by any Agent to the Lenders or by or on behalf of any Loan Party or to any Agent or Lender in
connection with the Loan Documents and the transactions contemplated thereby or for the financial condition or business affairs of any Loan Party or any other Person liable for the payment of any Obligations, nor shall any Agent be required to
ascertain or inquire as to the performance or observance of any of the terms, conditions, provisions, covenants or agreements contained in any of the Loan Documents or as to the use of the proceeds of the Loans or as to the existence or possible
existence of any Event of Default or Default or as to the value or sufficiency of any Collateral or as to the satisfaction of any condition set forth in Section 5 or elsewhere herein (other than to confirm receipt of items expressly required to
be delivered to such Agent) or to inspect the properties, books or records of Holdings or any of its Subsidiaries or to make any disclosures with respect to the foregoing. Anything contained herein to the contrary notwithstanding, the Administrative
Agent shall not have any liability arising from confirmations of the amount of outstanding Loans or the component amounts thereof. 
 (b)
Exculpatory Provisions. No Agent nor any of its officers, partners, directors, employees or agents shall be liable to the Lenders (i) for any action taken or omitted by any Agent (A) under or in connection with any of the Loan
Documents or (B) with the consent or at the request of the Required Lenders (or, if so specified by this Agreement, all Lenders or any other instructing group of Lenders specified by this Agreement) except to the extent caused by such
Agent’s gross negligence or willful misconduct, as determined by a final, non-appealable judgment of a court of competent jurisdiction or (ii) for any failure of any Loan Party to perform its obligations under this Agreement or any other
Loan Document. 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 Borrower or any of its Affiliates that is
communicated to or obtained by such Agent or any of its Affiliates in any capacity. Each 

  
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 Agent shall be entitled to refrain from any act or the taking of any action in connection herewith or any of the
other Loan Documents or from the exercise of any power, discretion or authority vested in it hereunder or thereunder unless and until such Agent shall have received instructions in respect thereof from Required Lenders (or such other Lenders as may
be required to give such instructions under subsection 10.1) and, upon receipt of such instructions from Required Lenders (or such other Lenders, as the case may be), such Agent shall be entitled to act or (where so instructed) refrain from acting,
or to exercise such power, discretion or authority, in accordance with such instructions and shall not 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
Loan 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 foreclosure, modification or termination of property of a Defaulting
Lender in violation of any Debtor Relief Law. Without prejudice to the generality of the foregoing, (x) each Agent shall be entitled to rely, and shall be fully protected in relying, upon any communication, instrument or document believed by it
to be genuine and correct and to have been signed or sent by the proper Person or Persons, and shall be entitled to rely and shall be protected in relying on opinions and judgments of attorneys (who may be attorneys for Holdings and its
Subsidiaries), accountants, experts and other professional advisors selected by it; and (y) no Lender shall have any right of action whatsoever against any Agent as a result of such Agent acting or (where so instructed) refraining from acting
hereunder or any of the other Loan Documents in accordance with the instructions of Required Lenders (or such other Lenders as may be required to give such instructions under subsection 10.1). 

(c) Delegation of Duties. Each of the Administrative Agent and the Collateral Agent may perform any and all of its duties and exercise
its rights and powers under this Agreement or under any other Loan Document by or through any one or more sub-agents appointed by it. Each of the Administrative Agent, the Collateral Agent and any such sub-agent may perform any and all of its duties
and exercise its rights and powers by or through its respective Affiliates. The exculpatory, indemnification and other provisions of this subsection 9.3 and subsection 9.6 shall apply to any of the Affiliates of the Administrative Agent or the
Collateral Agent and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as the Administrative Agent or Collateral Agent, as applicable. All of the rights,
benefits, and privileges (including the exculpatory and indemnification provisions) of this subsection 9.3 and of subsection 9.6 shall apply to any such sub-agent and to the Affiliates of any such sub-agent, and shall apply to their respective
activities as sub-agent as if such sub-agent and Affiliates were named herein. Notwithstanding anything herein to the contrary, with respect to each sub-agent appointed by the Administrative Agent or the Collateral Agent, (i) such sub-agent
shall be a third-party beneficiary under this Agreement with respect to all such rights, benefits and privileges (including exculpatory rights and rights to indemnification) and shall have all of the rights and benefits of a third-party beneficiary,
including an independent right of action to enforce such rights, benefits and privileges (including exculpatory rights and rights to indemnification) directly, without the consent or joinder of any other Person, against any or all of Loan Parties
and the Lenders, (ii) such rights, benefits and privileges (including exculpatory rights and rights to indemnification) shall not be modified or amended without the consent of such sub-agent, and (iii) such sub-agent shall only have
obligations to the Administrative Agent and not to any Loan Party, Lender or any other Person and no Loan Party, Lender or any other Person shall have any rights, directly or indirectly, as a third-party beneficiary or otherwise, against such
sub-agent. 

  
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 (d) Notice of Default or Event of Default. No Agent shall be deemed 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 such Agent by a Loan Party or a Lender. In the event that the Administrative Agent shall receive such a notice, the
Administrative Agent shall give notice thereof to the Lenders, provided that failure to give such notice shall not result in any liability on the part of the Administrative Agent. 

9.4 Agents Entitled to Act as Lender. 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. With respect to its participation in the Loans, each Agent shall have the same rights and powers hereunder in its capacity as a Lender as any other
Lender and may exercise the same as if it were not performing the duties and functions delegated to it hereunder, and the term “Lender” shall, unless the context clearly otherwise indicates, include each Agent in its individual capacity.
Any Agent and its Affiliates may accept deposits from, lend money to, own securities of, and generally engage in any kind of banking, trust, financial advisory or other business with Holdings or any of its Affiliates as if it were not performing the
duties specified herein, and may accept fees and other consideration from the Borrower for services in connection herewith and otherwise without having to account for the same to Lenders. The Lenders acknowledge that pursuant to such activities, the
Agents or their Affiliates may receive information regarding any Loan Party or any Affiliate of any Loan Party (including information that may be subject to confidentiality obligations in favor of such Loan Party or such Affiliate) and acknowledge
that the Agents and their Affiliates shall be under no obligation to provide such information to them. 
 9.5 Lenders’
Representations, Warranties and Acknowledgment. (a) Each Lender represents and warrants that it has made its own independent investigation of the financial condition and affairs of Holdings and its Subsidiaries in connection with the making
of Loans hereunder and that it has made and shall continue to make its own appraisal of the creditworthiness of Holdings and its Subsidiaries. No Agent shall have any duty or responsibility, either initially or on a continuing basis, to make any
such investigation or any such appraisal on behalf of Lenders or to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter,
and no Agent shall have any responsibility with respect to the accuracy of or the completeness of any information provided to Lenders. 

(b) Each Lender, by delivering its signature page to this Agreement or delivering its signature page to an Assignment and Assumption shall be
deemed to have acknowledged receipt of, and consented to and approved, each Loan Document and each other document required to be approved by any Agent, Required Lenders or Lenders, as applicable, on the Closing Date or as of the date such Person
becomes a Lender hereunder. 
 9.6 Right to Indemnity. Each Lender, in proportion to its pro rata share of the Loans,
severally agrees to indemnify each Agent, to the extent that such Agent shall not have been reimbursed by any Loan Party (and without limiting its obligation to do so), for and against 

  
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 any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses
(including counsel fees and disbursements) or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against such Agent in exercising its powers, rights and remedies or performing its duties hereunder or
under the other Loan Documents or otherwise in its capacity as such Agent in any way relating to or arising out of this Agreement or the other Loan Documents; provided, that no Lender shall be liable for 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. 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, that 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 share of the Loans; and provided, further, that 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 described in the proviso in the immediately preceding sentence. 

9.7 Successor Administrative Agent and Collateral Agent. (a) The Administrative Agent shall have the right to resign at any time
by giving prior written notice thereof to the Lenders and the Borrower. The Administrative Agent shall have the right to appoint a financial institution to act as the Administrative Agent and/or the Collateral Agent hereunder, subject to the
approval of the Borrower (so long as no Event of Default pursuant to subsection 8.1(a) or (f) has occurred and is continuing) (such approval not to be unreasonably withheld or delayed) and the approval of the Required Lenders, and the
Administrative Agent’s resignation shall become effective on the earlier of (x) the acceptance of such successor Administrative Agent by the Borrower and the Required Lenders or (y) the thirtieth day after such notice of resignation.
Upon any such notice of resignation, if a successor Administrative Agent has not already been appointed by the retiring Administrative Agent, Required Lenders shall have the right, upon five Business Days’ notice to the Borrower, to appoint a
successor Administrative Agent. If neither Required Lenders nor the Administrative Agent have appointed a successor Administrative Agent, then the Required Lenders shall be deemed to have succeeded to and become vested with all the rights, powers,
privileges and duties of the retiring Administrative Agent; provided that, until a successor Administrative Agent is so appointed by Required Lenders or the Administrative Agent, the Administrative Agent, by notice to the Borrower and
Required Lenders, may retain its role as the Collateral Agent under any Security Document. Upon the acceptance of any appointment as the Administrative Agent hereunder by a successor Administrative Agent, that successor Administrative Agent shall
thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent and the retiring Administrative Agent shall promptly (i) transfer to such successor Administrative Agent all sums and
other items of Collateral held under the Security Documents, together with all records and other documents necessary or appropriate in connection with the performance of the duties of the successor Administrative Agent under the Loan Documents, and
(ii) execute and deliver to such successor Administrative Agent such amendments to financing statements, and take such other actions, as may be necessary or appropriate in connection with the assignment to such successor Administrative Agent of
the 

  
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 security interests created under the Security Documents, whereupon such retiring Administrative Agent shall be
discharged from its duties and obligations hereunder. Except as provided above, any resignation of Goldman Sachs or its successor as the Administrative Agent pursuant to this subsection 9.7 shall also constitute the resignation of Goldman Sachs or
its successor as the Collateral Agent. After any retiring Administrative Agent’s resignation hereunder as the Administrative Agent, the provisions of this Section 9 shall inure to its benefit as to any actions taken or omitted to be taken
by it while it was the Administrative Agent hereunder. Any successor Administrative Agent appointed pursuant to this subsection 9.7 shall, upon its acceptance of such appointment, become the successor Collateral Agent for all purposes hereunder. If
Goldman Sachs or its successor as the Administrative Agent pursuant to this subsection 9.7 has resigned as the Administrative Agent but retained its role as the Collateral Agent and no successor Collateral Agent has become the Collateral Agent
pursuant to the immediately preceding sentence, Goldman Sachs or its successor may resign as the Collateral Agent upon notice to the Borrower and Required Lenders at any time. 

(b) In addition to the foregoing, the Collateral Agent may resign at any time by giving 30 days’ prior written notice thereof to the
Lenders and the Guarantors. The Administrative Agent shall have the right to appoint a financial institution as the Collateral Agent hereunder, subject to the approval of the Borrower (such approval not to be unreasonably withheld or delayed) and
the approval of the Required Lenders and the Collateral Agent’s resignation shall become effective on the earlier of (x) the acceptance of such successor Collateral Agent by the Borrower and the Required Lenders or (y) the thirtieth
day after such notice of resignation. Upon any such notice of resignation, Required Lenders shall have the right, upon five Business Days’ notice to the Administrative Agent, to appoint a successor Collateral Agent. Upon the acceptance of any
appointment as the Collateral Agent hereunder by a successor Collateral Agent, that the successor Collateral Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Collateral Agent under
this Agreement and the Security Documents, and the retiring Collateral Agent under this Agreement shall promptly (i) transfer to such successor Collateral Agent all sums and other items of Collateral held hereunder or under the Security
Documents, together with all records and other documents necessary or appropriate in connection with the performance of the duties of the successor Collateral Agent under this Agreement and the Security Documents, and (ii) execute and deliver
to such successor Collateral Agent or otherwise authorize the filing of such amendments to financing statements, and take such other actions, as may be necessary or appropriate in connection with the assignment to such successor Collateral Agent of
the security interests created under the Security Documents, whereupon such retiring Collateral Agent shall be discharged from its duties and obligations under this Agreement and the Security Documents. After any retiring Collateral Agent’s
resignation hereunder as the Collateral Agent, the provisions of this Agreement and the Security Documents shall inure to its benefit as to any actions taken or omitted to be taken by it under this Agreement or the Security Documents while it was
the Collateral Agent hereunder. 
 9.8 Security Documents and Guarantee. 

(a) 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 

  
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 Secured Parties with respect to the Guarantee, the Collateral and the Security Documents; provided that,
except as expressly set forth herein, neither the Administrative Agent nor the Collateral Agent shall owe any fiduciary duty, duty of loyalty, duty of care, duty of disclosure or any other obligation whatsoever to any holder of Obligations. Subject
to subsection 10.1, 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 (i) in connection with a sale or
disposition of assets permitted by this Agreement, release any Lien encumbering any item of Collateral that is the subject of such sale or other disposition of assets or to which Required Lenders (or such other Lenders as may be required to give
such consent under subsection 10.1) have otherwise consented or (ii) release any Guarantor from the Guarantee pursuant to the Guarantee and Collateral Agreement or with respect to which Required Lenders (or such other Lenders as may be required
to give such consent under subsection 10.1) have otherwise consented. 
 (b) Right to Realize on Collateral and Enforce Guarantee.
Anything contained in any of the Loan Documents to the contrary notwithstanding, the Borrower, the Administrative Agent, the Collateral Agent 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 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. 

(c) Release of Collateral and Guarantees, Termination of Loan Documents. Notwithstanding anything to the contrary contained herein or
any other Loan Document, upon the satisfaction of the Termination Conditions, the Collateral Agent’s security interest in all Collateral and all Guarantee Obligations provided for in any Loan Document shall be automatically released and upon
the request of the Borrower, the Administrative Agent and the Collateral Agent shall, without notice to or vote or consent of any Lender, take such actions as shall be reasonably requested to evidence such release. Any such release of Guarantee
Obligations shall be deemed subject to the provision that such Guarantee Obligations shall be reinstated if after such release any portion of any payment in respect of the Obligations guaranteed thereby shall be rescinded or must otherwise be
restored or returned upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Borrower or any Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer
for, the Borrower or any Guarantor or any substantial part of their respective property, or otherwise, all as though such payment had not been made. 

  
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 9.9 Withholding Taxes. To the extent required by any applicable law, the Administrative
Agent may withhold from any payment to any Lender an amount equivalent to any applicable withholding tax. If the Internal Revenue Service or any other Governmental Authority asserts a claim that the Administrative Agent did not properly withhold tax
from amounts paid to or for the account of any Lender because the appropriate form was not delivered or was not properly executed or because such Lender failed to notify the Administrative Agent of a change in circumstance which rendered the
exemption from, or reduction of, withholding tax ineffective or for any other reason, such Lender shall indemnify the Administrative Agent fully for all amounts paid, directly or indirectly, by the Administrative Agent as tax or otherwise, including
any penalties or interest and together with all expenses (including legal expenses, allocated internal costs and out-of-pocket expenses) incurred. 

9.10 Administrative Agent May File Proofs of Claim. In case of the pendency of any proceeding under any Debtor Relief Law or any other
judicial proceeding relative to the Borrower, 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 other Secured Parties (including fees, disbursements and other
expenses of counsel) 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. Any custodian, receiver, assignee, trustee, liquidator,
sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and other Secured Party to make such payments to the Administrative Agent. 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 other Secured Party any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or other
Secured Party to authorize the Administrative Agent to vote in respect of the claim of such Person or in any such proceeding. 
 SECTION 10.
MISCELLANEOUS 
 10.1 Amendments and Waivers. (a) Neither this Agreement nor any other Loan Document, nor any terms hereof or
thereof, may be amended, supplemented or modified except in accordance with the provisions of this subsection 10.1(a). The Required Lenders may, or, with the written consent of the Required Lenders, the Administrative Agent may, from time to time,
(1) enter into with Holdings, the Borrower and the other Loan Parties, as the case may be, written amendments, supplements or modifications hereto and to the other Loan Documents for the purpose of adding, changing or deleting any provisions to
or of this Agreement or the other Loan Documents or changing in any manner the rights or obligations of the Lenders or of Holdings, the Borrower and the other Loan Parties, as the case may be, hereunder or thereunder or (2) waive at the request
of Holdings, the Borrower or any other Loan Party, on such terms and conditions as the Required Lenders or the Administrative Agent, as the case may be, may specify in such instrument, any of the requirements of this Agreement or the other Loan
Documents or any Default or Event of Default and its consequences; provided, however, that no such waiver and no such amendment, supplement or modification shall: 

  
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 (i) reduce the amount or extend the scheduled date of maturity of any Loan or of
any scheduled installment thereof, or reduce the stated rate of any interest or fee payable hereunder or extend the scheduled date of any payment thereof or increase the amount or extend the expiration date of any Lender’s Commitment or change
the currency in which any Loan is payable, in each case without the consent of each Lender directly and adversely affected thereby, 

(ii) amend, modify or waive any provision of this subsection 10.1(a) or reduce the percentages (or, as applicable, amounts)
specified in the definition of Required Lenders, or consent to the assignment or transfer by Holdings or any Loan Party of any of its rights and obligations under this Agreement and the other Loan Documents (other than pursuant to subsection 7.5,
10.1(b) or 10.7(a)), in each case without the written consent of all the Lenders, 
 (iii) release all or substantially all
of the Collateral or the Guarantors without the consent of all of the Lenders, except as expressly permitted hereby or by any Guarantee or Security Document (as such documents are in effect on the date hereof or, if later, the date of execution and
delivery thereof in accordance with the terms hereof), 
 (iv) amend, modify or waive any provision of Section 9 without
the written consent of each Agent affected thereby, 
 (v) change subsection 3.7 or 10.8(a) in a manner that would alter the
pro rata sharing of payments required thereby without the written consent of each Lender directly and adversely affected thereby, 

(vi) amend the definition of “Termination Date” in a manner which extends the date of maturity of any Loan of any
Lender without the written consent of such Lender, or 
 (vii) amend, modify or waive this Agreement or the Guarantee and
Collateral Agreement so as to alter the ratable treatment of the Obligations arising under the Loan Documents and the Obligations arising under Permitted Hedging Arrangements or the definition of “Interest Rate Protection Agreement”,
“Lender Counterparty”, “Obligations”, “Permitted Hedging Arrangement” or “Secured Parties” in each case in a manner adverse to any Lender Counterparty with obligations then outstanding without the written
consent of such Lender Counterparty. 
 Any waiver and any amendment, supplement or modification pursuant to this subsection 10.1 shall
apply to each of the Lenders and shall be binding upon Holdings, the Borrower, the other Loan Parties, the Lenders, the Administrative Agent and all future holders of the Loans. In the case of any waiver, Holdings, the Borrower, the other Loan
Parties, the Lenders and the Administrative Agent shall be restored to their former position and rights hereunder and under the other Loan Documents, and any Default or Event of Default waived shall be deemed to be cured and not continuing; but no
such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon. 

  
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 Further, notwithstanding anything to the contrary contained herein, if the Administrative Agent
and the Borrower shall have jointly identified an obvious error or any error or omission of a technical nature in any provision of the Loan Documents, then the Administrative Agent and the Borrower shall be permitted to amend such provisions and
such amendment shall become effective without any further action or consent of any other party to any Loan Document if the same is not objected to in writing by the Required Lenders within ten Business Days following receipt of notice thereof. 

(b) In addition, notwithstanding the foregoing, this Agreement may be amended with the written consent of the Administrative Agent, the
Borrower and the Lenders providing the relevant Replacement Loans (as defined below) to permit the refinancing of all or any portion of the outstanding Loans (“Refinanced Loans”) with a replacement term loan tranche
(“Replacement Loans”) hereunder; provided that (i) the aggregate principal amount of such Replacement Loans shall not exceed the aggregate principal amount of such Refinanced Loans, (ii) the Applicable Margin for
such Replacement Loans shall not be higher than the Applicable Margin for such Refinanced Loans, (iii) the weighted average life to maturity of such Replacement Loans shall not be shorter than the weighted average life to maturity of such
Refinanced 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 Loans), (iv) all other terms applicable to such
Replacement Loans shall be substantially identical to, or less favorable to the Lenders providing such Replacement Loans than, those applicable to such Refinanced Loans, except to the extent necessary to provide for covenants and other terms
applicable to any period after the latest final maturity of the Loans in effect immediately prior to such refinancing and (v) this Agreement shall be amended to the extent (but only to the extent) necessary to reflect the existence and terms of
the Replacement Loans, but such amendment shall not change the terms of any other Loans or Commitments hereunder (other than solely to the extent necessary to reflect that the Replacement Loans shall rank pari passu in right of payment
and security with the Loans and to the extent necessary to amend the definition of “Required Lenders”). 
 (c) Notwithstanding
anything to the contrary contained herein, Loan Modification Offers and Permitted Amendments shall be permitted in accordance with this paragraph, regardless of the preceding provisions of this subsection 10.1. The Borrower may make one or more
offers (each, a “Loan Modification Offer”) to all the Lenders to make one or more Permitted Amendments. Permitted Amendments shall become effective only with respect to the Loans and Commitments of the Lenders that accept the
applicable Loan Modification Offer (such Lenders, the “Accepting Lenders”) and, in the case of any Accepting Lender, only with respect to such Lender’s Loans and Commitments as to which such Lender’s acceptance has been
made. The Borrower and each Accepting Lender shall execute and deliver to the Administrative Agent a loan modification agreement (a “Loan Modification Agreement”) and such other documentation as the Administrative Agent shall
reasonably specify to evidence the acceptance of the Permitted Amendments and the terms and conditions thereof. The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Loan Modification Agreement. Each of the
parties hereto hereby agrees that, upon the effectiveness of 

  
 107 

 any Loan Modification Agreement, this Agreement shall be deemed amended to the extent (but only to the extent)
necessary to reflect the existence and terms of the Permitted Amendment evidenced thereby and only with respect to the Loans and Commitments of the Accepting Lenders (including any amendments necessary to treat the Loans and Commitments of the
Accepting Lenders as Loans and/or Commitments, it being understood that all borrowings and repayments will be made pro rata between all Loans (provided that to the extent any Permitted Amendment extends the final maturity of the
Commitments of the Accepting Lenders, (x) the Loans and related Obligations may be repaid on the Termination Date on a non-ratable basis with the Commitments of the Accepting Lenders and (y) any Loan Modification Agreement may provide that
the Accepting Lenders participate on a less than pro rata basis in any mandatory or voluntary prepayment or commitment reduction)). “Permitted Amendments” shall mean (i) a change to (including an extension of) the
scheduled maturity of the applicable Loans and Commitments of the Accepting Lenders, (ii) a change in rate of interest (including a change to the Applicable Margin and any provision establishing a minimum rate), premium or other amount with
respect to the applicable Loans and/or Commitments of the Accepting Lenders and/or a change in the fees to the Accepting Lenders (such payments to be in the form of cash, Capital Stock or other property to the extent not prohibited by this
Agreement); provided that in the event that the all-in yield (whether in the form of interest rate margins, original issue discount, upfront fees, or Eurodollar Rate or ABR floors (but not arranger, underwriting, commitment or similar fees),
assuming, in the case of original issue discount and upfront fees, four-year life to maturity) applicable to the Commitments of the Accepting Lenders is greater than the all-in yield (giving effect to interest rate margins, original issue discount
paid in the initial primary syndication thereof, upfront fees and Eurodollar Rate and ABR floors) for the Loans under this Agreement by more than 0.50%, then the all-in yield for the Loans under this Agreement shall be increased to the extent
necessary so that the all-in yield for such Commitments of the Accepting Lenders is no more than 0.50% greater than the all-in yield for the Loans under this Agreement, and (iii) any other amendment to a Loan Document that is made to give
effect to any of the foregoing amendments described in the preceding clauses (i) and (ii). 
 (d) Notwithstanding anything to the
contrary contained herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except that (i) the Commitment of such Lender may not be increased or extended without the consent of such
Lender and (ii) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that affects any Defaulting Lender more adversely than other affected Lenders shall require the consent of such Defaulting
Lender. 
 10.2 Notices. (a) All notices, requests and demands to or upon the respective parties hereto to be effective shall be
in writing (including by telecopy), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered by hand, or three days after being deposited in the mail, postage prepaid, or, in the case of
telecopy notice, when received, or, in the case of delivery by a nationally recognized overnight courier, when received, addressed as follows in the case of the Borrower and the Administrative Agent, and as set forth in Schedule A in the case of the
other parties hereto, or to such other address as may be hereafter notified by the respective parties hereto and any future holders of the Loans: 

  
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	The Borrower:	  	SIRVA Worldwide, Inc.
		  	700 Oakmont Lane
		  	Westmont, Illinois 60559
		  	Attention: Treasurer
		  	Telecopy: (630) 468-4706
		  	Telephone: (630) 570-3000
		
	with a copy to:	  	Kirkland & Ellis LLP
		  	300 North LaSalle
		  	Chicago, Illinois 60654
		  	Attention: Linda K. Myers, P.C.
		  	Telecopy: (312) 862-2200
		  	Telephone: (312) 862-2000
		
	 The Administrative Agent and
 the
Collateral Agent:
	  	Goldman Sachs Bank USA
		  	c/o Goldman, Sachs & Co.
		  	30 Hudson Street, 5th Floor
		  	Jersey City, New Jersey 07302
		  	Attention: Michelle Latzoni
		  	Telecopy: (646) 769-7700
		  	Telephone: (212) 902-8517

 provided that any notice, request or demand to or upon the Administrative Agent or the Lenders pursuant to subsection
2.3, 3.2, 3.4 or 3.7 shall not be effective until received. 
 (b) Electronic Communications. 

(i) Notices and other communications to Lenders hereunder may be delivered or furnished by electronic communication (including
e-mail and Internet or intranet websites, including the Platform) pursuant to procedures approved by the Administrative Agent; provided, that the foregoing shall not apply to notices to any Lender pursuant to Section 3 if such Lender has
notified the Administrative Agent that it is incapable of receiving notices under such Section by electronic communication. The Administrative Agent or the 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, further, that approval of such procedures may be limited to particular notices or communications. Unless the Administrative Agent otherwise
prescribes, (A) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function,
as available, return e-mail or other written acknowledgement); provided, that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent
at the opening of business on the next Business Day for the recipient and (B) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address
as described in the foregoing clause (A) of notification that such notice or communication is available and identifying the website address therefor. 

  
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 (ii) Each Loan Party understands that the distribution of material through an
electronic medium is not necessarily secure and that there are confidentiality and other risks associated with such distribution and agrees and assumes the risks associated with such electronic distribution. 

(iii) The Platform and any Approved Electronic Communications are provided “as is” and “as available”. None
of the Agents, Joint Lead Arrangers, Joint Bookrunners, the Syndication Agent nor any of their respective officers, directors, employees, agents, advisors or representatives (the “Agent Affiliates”) warrant the accuracy, adequacy,
or completeness of the Approved Electronic Communications or the Platform and each expressly disclaims liability for errors or omissions in the Platform and the Approved Electronic Communications. No warranty of any kind, express, implied or
statutory, including any warranty of merchantability, fitness for a particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects is made by the Agent Affiliates in connection with the Platform or the
Approved Electronic Communications. Each party hereto agrees that no Agent has any responsibility for maintaining or providing any equipment, software, services or any testing required in connection with any Approved Electronic Communication or
otherwise required for the Platform. In no event shall any Agent nor any of the Agent Affiliates have any liability to any Loan Party, any Lender or any other Person for damages of any kind, whether or not based on strict liability and including
direct or indirect, special, incidental or consequential damages, losses or expenses (whether in tort, contract or otherwise) arising out of any Loan Party’s or any Agent’s or any Agent Affiliates’ transmission of communications
through the internet. 
 (iv) Each Loan Party, each Lender and each Agent agrees that the Administrative Agent may, but shall
not be obligated to, store any Approved Electronic Communications on the Platform in accordance with the Administrative Agent’s customary document retention procedures and policies. 

(v) All uses of the Platform shall be governed by and subject to, in addition to this subsection 10.2, separate terms and
conditions posted or referenced in such Platform and related agreements executed by the Lenders and their Affiliates in connection with the use of such Platform. 

(vi) Any notice of Default or Event of Default may be provided by telephonic notice if confirmed promptly thereafter by
delivery of written notice thereof. 
 10.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the
part of the Administrative Agent, any Lender, or any Loan Party, any right, remedy, power or privilege hereunder or under the other Loan 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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 10.4 Survival of Representations and Warranties and Agreements. All representations,
warranties and agreements made herein shall survive the execution and delivery hereof and the making of the Loans. Notwithstanding anything herein or implied by law to the contrary, the agreements of each Loan Party set forth in subsections 3.8,
3.9, 3.10, 3.11, 10.5, 10.6 and 10.8 and the agreements of Lenders set forth in subsections 3.7, 3.12, 9.3(b), 9.6 and 9.9 shall survive the payment of the Loans and the termination hereof. 

10.5 Expenses. The Borrower agrees to pay promptly (a) all reasonable documented out-of-pocket costs and expenses incurred in
connection with the negotiation, preparation and execution of the Loan Documents and any consents, amendments, supplements, waivers or other modifications thereto; (b) the reasonable documented fees, expenses and disbursements of counsel to the
Agents, the Joint Lead Arrangers, the Joint Bookrunners and the Syndication Agent in connection with the negotiation, preparation, execution and administration of the Loan Documents and any consents, amendments, supplements, waivers or other
modifications thereto and any other documents or matters requested by the Borrower; (c) all reasonable documented out-of-pocket expenses of (i) creating, perfecting, recording, maintaining and preserving Liens in favor of the Collateral
Agent, for the benefit of the Secured Parties, and (ii) terminating and releasing Liens in accordance with Section 8.16 of the Guarantee and Collateral Agreement, including filing and recording fees, expenses and taxes, stamp or
documentary taxes, search fees, title insurance premiums and reasonable fees, expenses and disbursements of counsel to the Agents and of counsel providing any opinions that any Agent or Required Lenders may reasonably request in respect of the
Collateral or the Liens created or released pursuant to the Security Documents; (d) all reasonable documented fees, expenses and disbursements of any auditors, accountants, consultants or appraisers; (e) all reasonable documented expenses
(including the reasonable fees, expenses and disbursements of any appraisers, consultants, advisors and agents employed or retained by the Collateral Agent and its counsel) in connection with the custody or preservation of any of the Collateral;
(f) all other actual and reasonable documented out-of-pocket costs and expenses incurred by each Agent, Joint Lead Arranger, Joint Bookrunner and the Syndication Agent in connection with the syndication of the Loans and Commitments and the
transactions contemplated by the Loan Documents and any consents, amendments, supplements, waivers or other modifications thereto; and (g) all reasonable documented out-of-pocket costs and expenses, including reasonable attorneys’ fees and
costs of settlement, incurred by any Agent or Lender in enforcing any Obligations of or in collecting any payments due from any Loan Party hereunder or under the other Loan Documents (including in connection with the sale, lease or license of,
collection from, or other realization upon any of the Collateral or the enforcement of the Guarantee) or in connection with any refinancing or restructuring of the credit arrangements provided hereunder in the nature of a “work-out” or
pursuant to any insolvency or bankruptcy cases or proceedings; provided that the Borrower shall not be liable for the fees of more than (i) one counsel to the Administrative Agent and Collateral Agent and one counsel to the other Lenders
(as a group), (ii) if applicable, one local counsel in each relevant jurisdiction to the Administrative Agent and the other Lenders (as a group), (iii) if applicable, one regulatory or special counsel to the Administrative Agent and the
other Lenders (as a group) and (iv) in the event of a conflict of interest, one additional counsel in each relevant jurisdiction to each similarly situated group of affected Lenders taken as a whole. 

  
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 10.6 Indemnity. 

(a) In addition to the payment of expenses pursuant to subsection 10.5, each Loan Party agrees to defend (subject to Indemnitees’ rights
to selection of counsel), indemnify, pay and hold harmless, each Agent, Joint Lead Arranger, Joint Bookrunner, Lender and the Syndication Agent and the officers, partners, members, directors, trustees, shareholders, advisors, employees,
representatives, attorneys, controlling persons, agents, sub-agents and Affiliates of each Agent, Joint Lead Arranger, Joint Bookrunner, Lender and the Syndication Agent, as well as the respective heirs, successors and assigns of the foregoing
(each, an “Indemnitee”), from and against any and all Indemnified Liabilities; provided, that no Loan Party shall have any obligation to any Indemnitee hereunder with respect to any Indemnified Liabilities to the extent
(i) such Indemnified Liabilities arise from the gross negligence, bad faith or willful misconduct of such Indemnitee or the material breach of such Indemnitee’s obligations under any Loan Document and (ii) the proceeding does not
involve an act or omission by the Borrower or any of its Affiliates and is brought by an Indemnitee against any other Indemnitee (other than a dispute involving claims against any Agent, any Joint Lead Arranger, any Joint Bookrunner or the
Syndication Agent in its capacity as such or in fulfilling its role as an Agent, Joint Lead Arranger, Joint Bookrunner or the Syndication Agent, as applicable), in each case, as determined by a final, non-appealable judgment of a court of competent
jurisdiction; provided, further, that the Borrower shall not be liable for the fees of more than (x) one counsel for all Indemnitees, (y) if applicable, one local counsel in each relevant jurisdiction for all Indemnitees and
(z) in the event of a conflict of interest, one additional counsel in each relevant jurisdiction to each similarly situated group of Indemnitees taken as a whole. Without limiting the foregoing, and to the extent permitted by applicable law,
each Loan Party agrees not to assert and hereby waives all rights for contribution or any other rights of recovery with respect to all Indemnified Liabilities relating to or arising out of any Environmental Costs. To the extent that the undertakings
to defend, indemnify, pay and hold harmless set forth in this subsection 10.6 may be unenforceable in whole or in part because they are violative of any law or public policy, the applicable Loan Party shall contribute the maximum portion that it is
permitted to pay and satisfy under applicable law to the payment and satisfaction of all Indemnified Liabilities incurred by Indemnitees or any of them. 

(b) To the extent permitted by applicable law, no Loan Party shall assert, and each Loan Party hereby waives, any claim against each Indemnitee
on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) (whether or not the claim therefor is based on contract, tort or duty imposed by any applicable legal requirement) arising
out of, in connection with, as a result of or in any way related to this Agreement or any Loan Document or any agreement or instrument contemplated hereby or thereby or referred to herein or therein, the transactions contemplated hereby or thereby,
the transmission of information through the internet, any Loan or the use of the proceeds thereof or any act or omission or event occurring in connection therewith, and each Loan Party hereby waives, releases and agrees not to sue upon any such
claim or any such damages, whether or not accrued and whether or not known or suspected to exist in its favor. 

  
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 (c) Each Loan Party also agrees that no Indemnitee will have any liability to any Loan Party or
any person asserting claims on behalf of or in right of any Loan Party or any other person in connection with or as a result of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby or referred to
herein or therein, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof or any act or omission or event occurring in connection therewith, in each case, except in the case of any Loan Party, to the extent that
any losses, claims, damages, liabilities or expenses incurred by such Loan Party or its Affiliates, shareholders, partners or other equity holders have been found by a final, non-appealable judgment of a court of competent jurisdiction to have
resulted from (i) the gross negligence, bad faith or willful misconduct of such Indemnitee in performing its obligations under this Agreement or any Loan Document or any agreement or instrument contemplated hereby or thereby or (ii) any
material breach in bad faith by such Indemnitee of the terms of this Agreement or any Loan Document; provided, however, that in no event will any Indemnitee or Loan Party have any liability for any indirect, consequential, special or
punitive damages in connection with or as a result of such Indemnitee’s activities related to this Agreement or any Loan Document or any agreement or instrument contemplated hereby or thereby or referred to herein or therein (other than, in the
case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party and without otherwise limiting the indemnification obligations of the Borrower). 

(d) All amounts due under this subsection 10.6 shall be due and payable within ten Business Days after written demand therefor, which written
demand shall set forth such amounts in reasonable detail. 
 10.7 Successors and Assigns. 

(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 neither the Borrower nor any other Loan Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender, and no
Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of subsection 10.7(b), (ii) by way of participation in accordance with the provisions of
subsection 10.7(d), or (iii) by way of pledge or assignment of a security interest subject to the restrictions of subsection 10.7(g) (and any other attempted assignment or transfer by any party hereto shall be null and void). 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 subsection 10.7(d) and, to the extent
expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) Any Lender may at any time assign to one or more Eligible 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); provided that any such assignment shall be subject to the following conditions: 

  
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 (i) Minimum Amounts. 

(A) in the case of (x) an assignment of the entire remaining amount of the assigning Lender’s Commitment and the
Loans at the time owing to it or (y) an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 

(B) in any case not described in subsection 10.7 (b) (i) (A), the aggregate amount of the Commitment (which for this
purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment, determined as of the date the Assignment and
Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $1,000,000, unless each of the
Administrative Agent and, so long as no Event of Default pursuant to subsection 8.1(a) or (f) has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed); provided,
however, that concurrent assignments to members of an Assignee Group and concurrent assignments from members of an Assignee Group to a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group) will be treated as a
single assignment for purposes of determining whether such minimum amount has been met. 
 (ii) 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 with respect to the Loans or the Commitment assigned. 

(iii) No consent shall be required for any assignment except to the extent required by subsection 10.7(b)(i)(B) and, in
addition: 
 (A) the consent of the Borrower (such consent not to be unreasonably withheld) shall be required unless
(1) an Event of Default pursuant to subsection 8.1(a) or (f) has occurred and is continuing at the time of such assignment or (2) with respect to the Loans such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund;
provided that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five Business Days after having received written notice thereof; and 

(B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for
assignments in respect of any Loan if such assignment is to a Person that is not a Lender, an Affiliate of a Lender or an Approved Fund. 

  
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 (iv) The parties to each assignment shall execute and deliver to the
Administrative Agent an Assignment and Assumption and such forms, certificates or other evidence, if any, with respect to United States federal income tax withholding matters as the assignee under such Assignment and Assumption may be required to
deliver pursuant to subsection 3.10, together with a processing and recordation fee in the amount of $3,500 (unless such fee is waived by the Administrative Agent in its sole discretion); provided that (A) only one such fee shall be
payable in the case of contemporaneous assignments to or by two or more Approved Funds and (B) no such fee shall be due in the case of assignments to or by Goldman Sachs or any Affiliate thereof. The assignee, if it is not a Lender, shall
deliver to the Administrative Agent an Administrative Questionnaire. 
 (v) No such assignment shall be made (A) to the
Borrower or any of the Borrower’s Affiliates or Subsidiaries (other than a Purchasing Borrower Party pursuant to subsection 3.4(f) and an Affiliated Lender pursuant to subsection 10.7(f)(ii)), or (B) any Person who, upon becoming a Lender
hereunder, would constitute a natural person. 
 Subject to acceptance and recording thereof by the Administrative Agent pursuant to
subsection 10.7(c), from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, 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 Assumption, be released from its obligations under this Agreement arising from and
after such effective date (and, in the case of an Assignment and Assumption 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 subsections 3.6, 3.8, 3.9, 10.5 and 10.6 with respect to facts and circumstances occurring prior to the effective date of such assignment. Upon request, the Borrower (at its expense) shall execute and deliver a Note to the assignee
Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection 10.7 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 subsection 10.7(d). 
 (c) The Administrative Agent, acting solely for this purpose as an agent of the
Borrower (and such agency being solely for tax purposes), shall maintain at the Administrative Agent’s office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders
(including successors and permitted assignees), and the Commitments of, and principal amounts of the Loans owing to, each Lender (including successors and permitted assignees) 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 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 Borrower and any Lender from time to time upon reasonable prior notice. 

(d) Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to one or
more banks or other entities (other than a natural person, a Loan Party or an Affiliate of a Loan Party) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all

  
 115 

 or a portion of its Commitment and/or the Loans owing to it); provided that (i) such Lender’s
obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the Administrative Agent and the Lenders
shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. 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; provided that such agreement or instrument may provide that such Lender will not, without
the consent of the Participant, agree to any amendment, waiver or other modification described in subsection 10.1(a)(i). Subject to subsection 10.7(e), the Borrower agrees that each Participant shall be entitled to the benefits of subsections 3.6,
3.8 and 3.9 (subject to the requirements and limitations thereof) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection 10.7(b). To the extent permitted by law, each Participant also shall be
entitled to the benefits of this subsection 10.7 as though it were a Lender, provided that such Participant agrees to be subject to subsection 10.8 as though it were a Lender. Each Lender that sells a participation shall, acting solely for
U.S. federal income tax purposes as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the
Loans or other obligations under this Agreement (the “Participant Register”); provided that 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 this Agreement) except to the extent that the relevant parties, acting reasonably and in good faith, determine
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. Unless otherwise required by the Internal Revenue Service,
any disclosure required by the foregoing sentence shall be made by the relevant Lender directly and solely to the Internal Revenue Service. 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. 

(e) A Participant shall not be entitled to receive any greater payment under subsections 3.6, 3.8, 3.9 and 3.10 than the applicable Lender
would have been entitled to receive with respect to the participation sold to such Participant as of the time the participation was sold, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent
and the Borrower specifically waives the benefit of this provision in writing at the time of such participation. 
 (f) Notwithstanding the
foregoing or anything else to the contrary contained in this Agreement, any Lender may assign all or a portion of its Loans to any Affiliated Lender; provided that: 

(i) after giving effect to such assignment, no Event of Default shall have occurred and be continuing, 

  
 116 

 (ii) the aggregate principal amount of all Loans held by each of Aurora and EGI
(excluding, in each case, for the avoidance of doubt, the Borrower and its Subsidiaries), respectively, shall at no time exceed 10% of the aggregate principal amount of all Loans under this Agreement, 

(iii) prior to any such assignment where an Affiliated Lender becomes a Lender, such Affiliated Lender shall inform the
assigning Lender in writing (which may be in the respective Assignment and Assumption) that the assignee is an Affiliated Lender, 

(iv) at the time any Affiliated Lender becomes a Lender (or acquires additional Loans hereunder), such Affiliated Lender shall
provide the Administrative Agent with notice thereof (and the aggregate principal amount of Loans to be made or acquired by it), 

(v) Affiliated Lenders will not be permitted to receive information or material provided solely to Lenders and will not be
permitted to attend or participate (including by telephone) in lender meetings or discussion attended solely by the Lenders, 

(vi) for purposes of any amendment, waiver, or modification of this Agreement or any other Loan Document, that does not in each
case adversely affect such Affiliated Lender as a Lender as compared to other Lenders or treat such Affiliated Lender as a Lender in a different manner as compared to other Lenders, Affiliated Lenders will be deemed to have voted in the same
proportion as non-Affiliated Lenders voting on such matter and each Affiliated Lender hereby irrevocably appoints the Administrative Agent (such appointment being coupled with an interest) as such Affiliated Lender’s attorney-in-fact, with full
authority in the place and stead of such Affiliated Lender and in the name of such Affiliated Lender, from time to time in the Administrative Agent’s discretion, to take any action and to execute any instrument that the Administrative Agent may
deem reasonably necessary to carry out the provisions of this clause (vi), 
 (vii) each Affiliated Lender, solely in its
capacity as a Lender, hereby further agrees that if any Loan Party shall be subject to any voluntary or involuntary proceeding commenced under any Debtor Relief Law, each such Affiliated Lender shall be deemed to have voted in such proceeding in the
same proportion as the allocation of voting with respect to such proceeding by those non-Affiliated Lenders, except to the extent that any matter under such proceeding adversely affects such Affiliated Lender as a Lender as compared to other Lenders
or treat such Affiliated Lender as a Lender in a different manner as compared to other Lenders. Each Affiliated Lender agrees and acknowledges that the foregoing constitutes an irrevocable proxy in favor of the Administrative Agent to vote or
consent on behalf of such Affiliated Lender in any proceeding in the manner set forth above, and 
 (viii) each of the
parties hereto and any Lender participating in any assignment to an Affiliated Lender acknowledges and agrees that in connection with such assignment, (A) the assignee may have, and later may come into possession of Excluded 

  
 117 

 Information, (B) such Lender has, independently and without reliance on such Affiliated
Lender, any of its Subsidiaries, the Administrative Agent or any of its Affiliates, made its own analysis and determination to participate in such assignment notwithstanding such Lender’s lack of knowledge of the Excluded Information,
(C) none of the Affiliated Lenders or any of its Subsidiaries, the Administrative Agent or any of its Affiliates shall have any liability to such Lender, and such Lender hereby waives and releases, to the extent permitted by law, any claims
such Lender may have against such Affiliated Lender, any of its Subsidiaries, the Administrative Agent and any of its Affiliates, under applicable laws or otherwise, with respect to the nondisclosure of the Excluded Information and (D) the
Excluded Information may not be available to the Administrative Agent or the other Lenders. 
 (g) Any Lender, without the consent of the
Borrower or the Administrative Agent, 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, without limitation, any pledge or assignment to
secure obligations to a Federal Reserve Bank, and this subsection 10.7 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 (by foreclosure or otherwise) any such pledgee for such Lender as a party hereto. 
 (h) The list
of Disqualified Persons will be available to the Lenders upon written request to the Administrative Agent. The parties to this Agreement hereby acknowledge and agree that the Administrative Agent shall not be deemed to be in default under this
Agreement or to have any duty or responsibility or to incur any liabilities as a result of a breach of this subsection 10.7(h), nor shall the Administrative Agent have any duty, responsibility or liability to monitor or enforce assignments,
participations or other actions in respect of Disqualified Persons or Competitors, or otherwise take (or omit to take) any action with respect thereto. 

10.8 Adjustments; Set-off. (a) Except to the extent that this Agreement or any of the other Loan Documents provides for payments
to be allocated to a particular Lender under any Loan, if any Lender (for purposes of this sentence, a “benefitted Lender”) shall at any time prior to any date in which the Commitments are terminated and the Loans become due and
payable pursuant to subsection 8.1 receive any payment of all or part of the Obligations owing to it, 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 subsection 8.1(f), or otherwise) in a greater proportion than any such payment to or collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender, such benefitted Lender shall purchase for
cash from the other Lenders an interest (by participation, assignment or otherwise) in such portion of the Obligations owing to each such other Lender or shall provide such other Lenders with the benefits of any such collateral, or the proceeds
thereof, as shall be necessary to cause such benefitted 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 benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. 

  
 118 

 (b) In addition to any rights and remedies of the Lenders provided by law, each Lender shall have
the right, without prior notice to the Borrower, any such notice being expressly waived by the Borrower to the extent permitted by applicable law, upon the occurrence of an Event of Default under subsection 8.1(a) to set-off and appropriate and
apply against any amount then due and payable under subsection 8.1(a) by the Borrower any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency,
in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Lender or any Affiliate, branch or agency thereof to or for the credit or the account of the Borrower; provided that in
the event that any Defaulting Lender shall exercise any such right of set-off, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of subsection 3.7
and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, and the Lenders, and (y) the Defaulting Lender shall provide promptly to
Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of set-off. Each Lender agrees promptly to notify the Borrower 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. 

10.9 Counterparts. This Agreement maybe executed by one or more of the parties to this Agreement on any number of separate counterparts
(including by telecopy or other electronic method), and all of such 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 delivered to the
Borrower and the Administrative Agent. 
 10.10 Severability. Any provision of this Agreement which is prohibited or unenforceable in
any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction. 
 10.11 Integration. This Agreement and the other Loan
Documents represent the entire agreement of Holdings and each of the Loan Parties party hereto, the Administrative Agent and the Lenders with respect to the subject matter hereof, and there are no promises, undertakings, representations or
warranties by Holdings or any of the Loan Parties party hereto, the Administrative Agent or any Lender relative to the subject matter hereof not expressly set forth or referred to herein or in the other Loan Documents. 

10.12 GOVERNING LAW. THIS AGREEMENT AND ANY NOTES AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT AND ANY NOTES
SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

  
 119 

 10.13 Submission to Jurisdiction; Waivers. (a) Each party hereto hereby irrevocably
and unconditionally: 
 (i) 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 exclusive jurisdiction of the courts of the State of New York, the courts of the United States of America for the
Southern District of New York, and appellate courts from any thereof; 
 (ii) consents that any such action or proceeding may
be brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or any claim that such action or proceeding was brought in an inconvenient forum and agrees not to
plead or claim the same; 
 (iii) 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 Administrative Agent, as the case may be, at the address specified in subsection 10.2 or at
such other address of which the Administrative Agent, any such Lender and the Borrower shall have been notified pursuant thereto; 

(iv) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or
shall limit the right to sue in any other jurisdiction; and 
 (v) 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 subsection 10.13 any indirect, special, consequential or punitive damages. 

(b) Acknowledgments. The Borrower hereby acknowledges, and, solely with respect to clause (vi) below, each Loan Party hereby
acknowledges, that: 
 (i) each Agent, each Lender, each Joint Lead Arranger, each Joint Bookrunner, the Syndication Agent
and their respective Affiliates (collectively, solely for purposes of this subsection 10.13(b), the “Lenders”), may have economic interests that conflict with those of the Borrower, its stockholders and/or its Affiliates; 

(ii) the Borrower 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 the transactions contemplated herein and the process leading thereto; 

(iii) nothing in the Loan Documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship or
fiduciary or other implied duty between any Lender, on the one hand, and the Borrower, its stockholders or its Affiliates, on the other; 

(iv) the Borrower will not claim that any Lender has rendered advisory services of any nature or respect, or owes a fiduciary
or similar duty to the Borrower, in connection with the transactions contemplated herein or the process leading thereto; 

  
 120 

 (v) no joint venture is created hereby or by the other Loan Documents or
otherwise exists by virtue of the transactions contemplated hereby and thereby among the Lenders or among the Borrower and the Lenders; and 

(vi) (A) the transactions contemplated by the Loan Documents (including the exercise of rights and remedies hereunder and
thereunder) are arm’s-length commercial transactions between the Lenders, on the one hand, and the Borrower, on the other, and (B) in connection therewith and with the process leading thereto, (x) no Lender has assumed an advisory or
fiduciary responsibility in favor of the Borrower, 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 has advised, is currently advising or will advise the Borrower, its stockholders or its Affiliates on other matters) or any other obligation to the Borrower except the obligations expressly set forth in the Loan Documents and
(y) each Lender is acting solely as principal and not as the agent or fiduciary of the Borrower, its management, stockholders, creditors or any other Person. 

10.14 WAIVER OF JURY TRIAL. EACH OF THE BORROWER, THE ADMINISTRATIVE AGENT AND THE LENDERS HEREBY IRREVOCABLY AND
UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY NOTES OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 

10.15 Confidentiality. The Administrative Agent and each Lender agrees to keep confidential any information (a) provided to it and
marked “Confidential” by or on behalf of Holdings, the Borrower or any of their respective Subsidiaries pursuant to or in connection with the Loan Documents or (b) obtained by such Lender based on a review of the books and records of
Holdings, the Borrower or any of their respective Subsidiaries; provided that nothing herein shall prevent any Lender from disclosing any such information (i) to the Administrative Agent or any other Lender, (ii) to any Transferee,
or prospective Transferee or any creditor or any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and its obligations which agrees to comply with the provisions of this subsection
10.15 pursuant to an instrument for the benefit of the Borrower (it being understood that each relevant Lender shall be solely responsible for obtaining such instrument), (iii) to its Affiliates and the employees, officers, directors, agents,
attorneys, accountants and other professional advisors of it and its Affiliates; provided that such Lender shall inform each such Person of the agreement under this subsection 10.15 and take reasonable actions to cause compliance by any such
Person referred to in this clause (iii) with such agreement (including, where appropriate, to cause any such Person to acknowledge its agreement to be bound by the agreement under this subsection 10.15), (iv) upon the request or demand of
any Governmental Authority having or purporting to have jurisdiction over such Lender or its Affiliates or to the extent required in response to any order of any court or other Governmental Authority or as shall otherwise be required pursuant to any
Requirement of Law; provided that such Lender shall, unless prohibited by any Requirement of Law, except in connection with any request as part of a regulatory audit or examination conducted by accountants or any governmental or regulatory
authority, notify the Borrower of any disclosure pursuant to this clause (iv) as far in advance as is reasonably practicable under such circumstances, (v) which has been publicly disclosed other 

  
 121 

 than in breach of this Agreement, (vi) in connection with the exercise of any remedy hereunder or under any
Permitted Hedging Arrangement, (vii) in connection with periodic regulatory examinations and reviews conducted by the National Association of Insurance Commissioners or any Governmental Authority having or purporting to have jurisdiction over
such Lender or its Affiliates (to the extent applicable), (viii) on a confidential basis (a) to any rating agency when required by it and (b) the CUSIP Service Bureau or any similar agency in connection with the issuance and
maintaining of CUSIP numbers with respect to the Loans, (ix) in connection with any litigation to which such Lender (or, with respect to any Permitted Hedging Arrangement, any Affiliate of any Lender or Agent party thereto) may be a party,
subject to the proviso to clause (iv), and (x) if, prior to such information having been so provided or obtained, such information was already in the Administrative Agent’s or a Lender’s possession on a nonconfidential basis without a
duty of confidentiality to the Borrower being violated. In addition, each Agent and each Lender may disclose the existence of this Agreement and the information about this Agreement to market data collectors, similar service providers to the lending
industry, and service providers to the Agents and the Lenders in connection with the administration and management of this Agreement and the other Loan Documents. 

10.16 Purchasing Borrower Parties. Each Purchasing Borrower Party acknowledges that any Loans acquired by such Purchasing Borrower
Party shall be immediately cancelled and no Purchasing Borrower Party shall have any right to vote on amendments, modifications or waivers of the Loan Documents in a capacity as a Lender, or to attend any meetings of Lenders to which representatives
of the Borrower are not permitted to attend. 
 10.17 PATRIOT Act. Each Lender and the Administrative Agent (for itself and not on
behalf of any Lender) hereby notifies Holdings and each Loan Party that pursuant to the requirements of the PATRIOT Act, it is required to obtain, verify and record information that identifies Holdings and each Loan Party, which information includes
the name and address of Holdings and each Loan Party and other information that shall allow such Lender or the Administrative Agent, as applicable, to identify notifies Holdings and such Loan Party in accordance with the PATRIOT Act. 

[SIGNATURE PAGES FOLLOW] 

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

 
 [Signature Page to Credit Agreement] 

  
 

 
 [Signature Page to Credit Agreement] 

  
 

 
 [Signature Page to Credit Agreement] 

 Schedule A to Credit Agreement (Term) 

NOTICES 
  

			
	To a Loan Party:	  	For any Loan Party
		  	c/o SIRVA Worldwide, Inc.
		  	700 Oakmont Lane
		  	Westmont, Illinois 60559
		  	Attention: Treasurer
		  	Telecopy: (630) 570-3390
		  	Telephone: (630) 570-3000
		
	with a copy to:	  	Kirkland & Ellis LLP
		  	300 North LaSalle
		  	Chicago, Illinois 60654
		  	Attention: Linda Myers, P.C.
		  	Telecopy: (312) 862-2200
		  	Telephone: (312) 862-2000
		
	The Administrative	  	Goldman Sachs Bank USA
	    Agent and the	  	c/o Goldman, Sachs & Co.
	    Collateral Agent:	  	30 Hudson Street, 5th Floor
		  	Attention: Michelle Latzoni
		  	Jersey City, New Jersey 07302
		  	Telecopy: (646) 769-7700
		  	Telephone: (212) 902-8517

 Schedule 4.4 to Credit Agreement (Term) 

REQUIRED CONSENTS 
 None. 

 Schedule 4.8 to Credit Agreement (Term) 

 

 REAL PROPERTY 

Part I - Owned Material Real Property: 
  

			
	 LOAN PARTY
	  	 ADDRESS

	North American Van Lines, Inc.	  	 5001 US Highway 30 West
 Fort Wayne, IN
46818

	Part II - Leased Real Property:	  	
		
	 LOAN PARTY
	  	 ADDRESS

	SIRVA Relocation LLC	  	 33171 Paseo Cerveza, Suite 212
 San Juan, CA
92675

		
	North American Van Lines, Inc.	  	 700 Oakmont Lane
 Westmont, IL
60559

		
	North American Van Lines, Inc.	  	 457 Crossen Avenue
 Elk Grove Village, IL
60007

		
	North American Van Lines, Inc.	  	 3300 Fernbrook Lane North
 Plymouth, MN
55447

		
	SIRVA Relocation LLC	  	 211 North Broadway
 St. Louis, MO
63102

		
	Alliance Relocation Services, LLC	  	 110 Limestone Plaza
 Fayetteville, NY
13066

		
	DJK Residential LLC	  	 141 Franklin Ave.
 Nutley, NJ
07110

		
	SIRVA Relocation LLC*	  	 101 Fifth Ave., 7th Floor
 New York, NY
10003

		
	SIRVA Relocation LLC*	  	 295 W. Thames
 New York, NY 10280

		
	SIRVA Worldwide, Inc.	  	 6200 Oak Tree Boulevard, Suite 300

Independence, OH 44131

		
	Allied Van Lines, Inc.	  	 6945 E. 38th Street, Suite D
 Tulsa, OK
74145

		
	North American Van Lines, Inc.	  	 10403 172nd Street

Edmonton, AB T5K 1S9
 Canada

		
	North American Van Lines, Inc.	  	 Centre 170 5405 Eglington Avenue West
 Suite
114
 Etobicoke, ONT M9C 5K6
 Canada

  

	*	Lease remains in the name of DJ Knight & Co., whose assets were purchased by SIRVA Relocation LLC. 

  

 Schedule 4.9 to Credit Agreement (Term) 

 

 INTELLECTUAL PROPERTY CLAIMS 

None. 

  

 Schedule 4.15 to Credit Agreement (Term) 

 

 SUBSIDIARIES 
  

							
	 Subsidiary Name
	  	 Subsidiary
Jurisdiction of
Organization
	  	 	  	 Direct and Indirect Ownership Interest of

Holding in Subsidiary

	A Five Star Forwarding, LLC	  	Delaware	  		  	100% owned by North American Van Lines, Inc.
				
	A Relocation Solutions Management, LLC	  	Delaware	  		  	100% owned by Allied Van Lines, Inc.
				
	A Three Rivers Forwarding, LLC	  	Indiana	  		  	100% owned by North American Van Lines, Inc.
				
	A.V.L. Transportation, LLC	  	Delaware	  		  	100% owned by Allied Van Lines, Inc.
				
	Alaska USA Van Lines, LLC	  	Indiana	  		  	100% owned by North American Van Lines, Inc.
				
	Alliance Relocation Services, LLC	  	Delaware	  		  	100% owned by North American Van Lines, Inc.
				
	Allied Alliance Forwarding, LLC	  	Delaware	  		  	100% owned by Allied Freight Forwarding, LLC
				
	Allied Continental Forwarding, LLC	  	Delaware	  		  	100% owned by Allied Freight Forwarding, LLC
				
	Allied Domestic Forwarding, LLC	  	Delaware	  		  	100% owned by Allied Freight Forwarding, LLC
				
	Allied Freight Forwarding, LLC	  	Delaware	  		  	100% owned by Allied Van Lines Terminal Company
				
	Allied Intermodal Forwarding, LLC	  	Delaware	  		  	100% owned by Allied Freight Forwarding, LLC
				
	Allied International N.A., Inc.	  	Delaware	  		  	100% owned by Allied Van Lines, Inc.
				
	Allied Interstate Transportation, Inc.	  	Delaware	  		  	100% owned by Allied Van Lines, Inc.
				
	Allied Transcontinental Forwarding, LLC	  	Delaware	  		  	100% owned by Allied Freight Forwarding, LLC
				
	Allied Transportation Forwarding, LLC	  	Delaware	  		  	100% owned by Allied Freight Forwarding, LLC
				
	Allied Van Lines, Inc.	  	Delaware	  		  	100% owned by North American Van Lines, Inc.
				
	Allied Van Lines, Inc. of Indiana	  	Indiana	  		  	100% owned by Allied Van Lines, Inc.
				
	Allied Van Lines Terminal Company	  	Delaware	  		  	100% owned by Allied Van Lines, Inc.
				
	ALNAV Platinum Company	  	Canada	  		  	100% owned by North American Van Lines, Inc.
				
	Americas Quality Van Lines, LLC	  	Indiana	  		  	100% owned by North American Van Lines, Inc.
				
	Anaheim Moving Systems, LLC	  	Delaware	  		  	100% owned by North American Van Lines, Inc.
				
	Cartwright Moving & Storage , LLC	  	Delaware	  		  	100% owned by Allied Van Lines, Inc.

 Schedule 4.15 to Credit Agreement (Term) 

 

							
	 Subsidiary Name
	  	 Subsidiary
Jurisdiction of
Organization
	  	 	  	 Direct and Indirect Ownership Interest of

Holding in Subsidiary

	Cartwright Van Lines, LLC	  	Delaware	  		  	100% owned by Allied Van Lines, Inc.
				
	City Storage & Transfer, Inc.	  	Colorado	  		  	100% owned by North American Van Lines, Inc.
				
	CMS Holding, LLC	  	Delaware	  		  	100% owned by SIRVA, Inc.
				
	CMSR Reinsurance, Ltd.	  	Turks & Caicos	  		  	100% owned by SIRVA Relocation LLC
				
	DJK Residential LLC	  	New York	  		  	100% owned by SIRVA Relocation LLC
				
	Federal Traffic Service, LLC	  	Indiana	  		  	100% owned by North American Van Lines, Inc.
				
	Fleet Insurance Management, Inc.	  	Indiana	  		  	100% owned by North American Van Lines, Inc.
				
	FrontRunner Worldwide, Inc.	  	Delaware	  		  	100% owned by North American Van Lines, Inc.
				
	Global Van Lines, LLC	  	Indiana	  		  	100% owned by North American Van Lines, Inc.
				
	Global Worldwide, LLC	  	Indiana	  		  	100% owned by North American Van Lines, Inc.
				
	J.D.C. International, Inc.	  	Illinois	  		  	100% owned by North American Van Lines, Inc.
				
	Lyon Van Lines, LLC	  	Indiana	  		  	100% owned by North American Van Lines, Inc.
				
	Lyon Worldwide Shipping, LLC	  	Indiana	  		  	100% owned by North American Van Lines, Inc.
				
	Meridian Mobility Resources, Inc.	  	Delaware	  		  	100% owned by Allied Van Lines, Inc.
				
	Move Management Services, Inc.	  	Indiana	  		  	100% owned by North American Van Lines, Inc.
				
	NACAL, LLC	  	California	  		  	100% owned by North American Van Lines, Inc.
				
	NorAm Forwarding, LLC	  	Indiana	  		  	100% owned by North American Van Lines, Inc.
				
	North American Forwarding, LLC	  	Indiana	  		  	100% owned by North American Van Lines, Inc.
				
	North American International Holding Corporation	  	Delaware	  		  	100% owned by North American Van Lines, Inc.
				
	North American International N.A., Inc.	  	Delaware	  		  	100% owned by North American Van Lines, Inc.
				
	North American Platinum Transportation Group Ltd.	  	Canada	  		  	100% owned by ALNAV Platinum Company
				
	North American Van Lines of Texas, LLC	  	Texas	  		  	100% owned by North American Van Lines, Inc.
				
	North American Van Lines, Inc.	  	Delaware	  		  	100% owned by SIRVA Worldwide, Inc.

  
 2 

 Schedule 4.15 to Credit Agreement (Term) 

 

							
	 Subsidiary Name
	  	 Subsidiary
Jurisdiction of
Organization
	  	 	  	 Direct and Indirect Ownership Interest of

Holding in Subsidiary

	Relocation Risk Solutions, LLC	  	Delaware	  		  	100% owned by North American Van Lines, Inc.
				
	RS Acquisition Holding, LLC	  	Delaware	  		  	100% owned by SIRVA, Inc.
				
	RS Acquisition, LLC	  	Delaware	  		  	100% owned by RS Acquisition Holding, LLC
				
	SIRVA Australian Holdings Pty. Ltd	  	Australia	  		  	100% owned by North American Van Lines, Inc.
				
	SIRVA Canada LP	  	Canada	  		  	 100% owned by North American
 Platinum
Transportation Group Ltd.
 (general partner) and ALNAV Platinum

Company (limited partner)

				
	SIRVA Container Lines, Inc.	  	Florida	  		  	100% owned by North American Van Lines, Inc.
				
	SIRVA Finance Limited	  	England & Wales	  		  	100% owned by RS Acquisition Holding, LLC
				
	SIRVA Freight Forwarding, Inc.	  	Indiana	  		  	100% owned by North American Van Lines, Inc.
				
	SIRVA Global Relocation, Inc.	  	Delaware	  		  	100% owned by SIRVA Relocation LLC
				
	SIRVA Imaging Solutions, Inc.	  	Delaware	  		  	100% owned by North American Van Lines, Inc.
				
	SIRVA MLS, Inc.	  	Indiana	  		  	100% owned by North American Van Lines, Inc.
				
	SIRVA Mortgage, Inc.	  	Ohio	  		  	100% owned by CMS Holding, LLC
				
	SIRVA Move Management, Inc.	  	Indiana	  		  	100% owned by North American Van Lines, Inc.
				
	SIRVA Relocation Credit, LLC	  	Delaware	  		  	100% owned by RS Acquisition Holding, LLC
				
	SIRVA Relocation Funding, LLC	  	Delaware	  		  	100% owned by RS Acquisition Holding, LLC
				
	SIRVA Relocation LLC	  	Delaware	  		  	100% owned by North American Van Lines, Inc.
				
	SIRVA Relocation Properties, LLC	  	Delaware	  		  	100% owned by SIRVA Relocation LLC
				
	SIRVA Relocation Holdings Limited	  	England & Wales	  		  	 97.5% owned by North American Van
 Lines, Inc.;
2.5% owned by SIRVA
 Relocation LLC

				
	SIRVA Relocation (No. 1) Limited	  	England & Wales	  		  	100% owned by SIRVA Relocation Holdings Limited
				
	SIRVA Relocation (No. 2) Limited	  	England & Wales	  		  	100% owned by SIRVA Relocation (No. 1) Limited
				
	SIRVA Relocation (No. 3) Limited	  	England & Wales	  		  	100% owned by SIRVA Relocation Holdings Limited

  
 3 

 Schedule 4.15 to Credit Agreement (Term) 

 

					
	 Subsidiary Name
	  	 Subsidiary Jurisdiction
of Organization
	  	 Direct and Indirect Ownership Interest of

Holding in Subsidiary

	SIRVA Settlement of Alabama, LLC	  	Alabama	  	100% owned by SIRVA Settlement, Inc.
			
	SIRVA Settlement, Inc.	  	Ohio	  	100% owned by SIRVA Relocation LLC
			
	SIRVA Worldwide, Inc.	  	Delaware	  	100% owned by SIRVA, Inc.
			
	Trident Transport International, Inc.	  	Delaware	  	100% owned by Allied Van Lines, Inc.

 Direct and indirect subsidiaries of North American International Holding Corporation: 

SIRVA Relocation Canada ULC (Canada) 
 Allied Moving Services (HK)
Limited (Hong Kong) 
 SIRVA Relocation Limited (Hong Kong) 

SIRVA Business Consulting (Shanghai) Co Ltd (China) 
 SIRVA
International Freight Forwarding (Shanghai) Co Ltd (China) 
 SIRVA (Asia) Pte. Ltd. (Singapore) 

Allied Moving Services (S) Pte. Ltd. (Singapore) 
 Allied
Moving Services (M) Sdn Bhd (Malaysia) 
 SIRVA Relocation Malaysia Sdn Bhd. (Malaysia) 

SIRVA (Asia Pacific) Pty. Ltd. (Australia) 
 Pickfords Australia
Pty. Ltd. (Australia) 
 SIRVA Group (NZ) Ltd. (New Zealand) 

Allied Pickfords Ltd. (New Zealand) 
 Nelson Removals Ltd. (New
Zealand) 
 Pickfords Imaging Ltd. (New Zealand) 
 Pickfords New
Zealand Ltd. (New Zealand) SIRVA Relocations (NZ) Ltd. 
 Pickfords No. 2 Limited (New Zealand) 

SIRVA Pty. Ltd. (Australia) 
 Allied Pickfords Pty. Ltd.
(Australia) 
 Trans International Moving & Shipping Pty. Ltd. (Australia) 

SIRVA Relocation Pty. Ltd. (Australia) 
 SIRVA Belgium NV
(Belgium) 
 SIRVA, s.r.o. (Czech Republic) 
 SIRVA Real Estate
(HK) Limited 
 Duta Allied Relocation Sdn. Bhd. (Mal) 
 A.L.
Records Management Private Ltd. (India) 
 Concept Mobility Servicos de Mobilidade LTD (Brazil) 

  
 4 

 Schedule 4.15 to Credit Agreement (Term) 

 

 Entities that are not Subsidiaries (indirect or direct ownership by SIRVA is 50% or
less): 
  

					
	 Subsidiary Name
	  	 Subsidiary Jurisdiction of

Organization
	  	Direct and Indirect Ownership
Interest of Holding in
Subsidiary
	A.L. Movers Private Ltd.	  	India	  	45% owned by NAIHC
			
	Allied Relocation Services LLC	  	United Arab Emirates	  	49% owned by NAIHC
			
	National Settlement Management, LLC	  	Pennsylvania	  	50% owned by SIRVA Settlement, Inc.

  
 5 

 Schedule 5(d) to Credit Agreement (Term) 

 

 LIEN SEARCHES 

 

			
	 Loan Party
	  	 Jurisdiction Searched

	 A Five Star Forwarding, LLC
 Prior Name: A Five
Star Forwarding, Inc.
	  	Delaware Secretary of State
		
	 A Five Star Forwarding, LLC
 Prior Name: A Five
Star Forwarding, Inc.
	  	Allen County, Indiana
		
	 A Relocation Solutions Management, LLC
 Prior
Name: A Relocation Solutions Management Company
	  	Delaware Secretary of State
		
	 A Relocation Solutions Management, LLC
 Prior
Name: A Relocation Solutions Management Company
	  	DuPage County, Illinois
		
	 A Three Rivers Forwarding, LLC
 Prior Name: A
Three Rivers Forwarding, Inc.
	  	Indiana Secretary of State
		
	 A Three Rivers Forwarding, LLC
 Prior Name: A
Three Rivers Forwarding, Inc.
	  	Allen County, Indiana
		
	 A.V.L. Transportation, LLC
 Prior Name: A.V.L.
Transportation, Inc.
	  	Delaware Secretary of State
		
	 A.V.L. Transportation, LLC
 Prior Name: A.V.L.
Transportation, Inc.
	  	DuPage County, Illinois
		
	 Alaska USA Van Lines, LLC
 Prior Name: Alaska
USA Van Lines, Inc.
	  	Indiana Secretary of State
		
	 Alaska USA Van Lines, LLC
 Prior Name: Alaska
USA Van Lines, Inc.
	  	Allen County, Indiana
		
	 Alliance Relocation Services, LLC
 Prior Name:
Alliance Relocation Services, Inc. (New York Corporation)
	  	Delaware Secretary of State
		
	 Alliance Relocation Services, LLC
 Prior Name:
Alliance Relocation Services, Inc.
	  	Allen County, Indiana
		
	 Alliance Relocation Services, LLC
 Prior Name:
Alliance Relocation Services, Inc.
	  	New York Department of State
		
	 Alliance Relocation Services, LLC
 Prior Name:
Alliance Relocation Services, Inc.
	  	Onondaga County, New York
		
	 Allied Alliance Forwarding, LLC
 Prior Name:
Allied Alliance Forwarding, Inc.
	  	Delaware Secretary of State

  

 Schedule 5(d) to Credit Agreement (Term) 

 

			
	 Loan Party
	  	 Jurisdiction Searched

	 Allied Alliance Forwarding, LLC
 Prior Name:
Allied Alliance Forwarding, Inc.
	  	DuPage County, Illinois
		
	Allied Continental Forwarding, LLC	  	Delaware Secretary of State
		
	Allied Continental Forwarding, LLC	  	Illinois Secretary of State
		
	Allied Continental Forwarding, LLC	  	DuPage County, Illinois
		
	Prior Name: Allied Continental Forwarding, Inc.	  	New York Secretary of State
		
	Prior Name: Allied Continental Forwarding, Inc.	  	Illinois Secretary of State
		
	Prior Name: Allied Continental Forwarding, Inc.	  	DuPage County, Illinois
		
	 Allied Domestic Forwarding, LLC
 Prior Name:
Allied Domestic Forwarding, Inc.
	  	Delaware Secretary of State
		
	 Allied Domestic Forwarding, LLC
 Prior Name:
Allied Domestic Forwarding, Inc.
	  	DuPage County, Illinois
		
	 Allied Freight Forwarding, LLC
 Prior Name:
Allied Freight Forwarding, Inc.
	  	Delaware Secretary of State
		
	 Allied Freight Forwarding, LLC
 Prior Name:
Allied Freight Forwarding, Inc.
	  	DuPage County, Illinois
		
	 Allied Intermodal Forwarding, LLC
 Prior Name:
Allied Intermodal Forwarding, Inc.
	  	Delaware Secretary of State
		
	 Allied Intermodal Forwarding, LLC
 Prior Name:
Allied Intermodal Forwarding, Inc.
	  	DuPage County, Illinois
		
	Allied International, N.A. Inc.	  	Delaware Secretary of State
		
	Allied International, N.A. Inc.	  	DuPage County, Illinois
		
	Allied Interstate Transportation, Inc.	  	Delaware Secretary of State
		
	Allied Interstate Transportation, Inc.	  	DuPage County, Illinois
		
	 Allied Transcontinental Forwarding, LLC
 Prior
Name: Allied Transcontinental Forwarding, Inc.
	  	Delaware Secretary of State
		
	 Allied Transcontinental Forwarding, LLC
 Prior
Name: Allied Transcontinental Forwarding, Inc.
	  	DuPage County, Illinois
		
	 Allied Transportation Forwarding, LLC
 Prior
Name: Allied Transportation Forwarding, Inc.
	  	Delaware Secretary of State
		
	 Allied Transportation Forwarding, LLC
 Prior
Name: Allied Transportation Forwarding, Inc.
	  	DuPage County, Illinois
		
	Allied Van Lines Terminal Company	  	Delaware Secretary of State
		
	Allied Van Lines Terminal Company	  	DuPage County, Illinois
		
	Allied Van Lines, Inc.	  	Delaware Secretary of State
		
	Allied Van Lines, Inc.	  	DuPage County, Illinois
		
	Allied Van Lines, Inc.	  	Tulsa County, Oklahoma
		
	Allied Van Lines, Inc. of Indiana	  	Indiana Secretary of State
		
	Allied Van Lines, Inc. of Indiana	  	DuPage County, Illinois

  
 2 

 Schedule 5(d) to Credit Agreement (Term) 

 

			
	 Loan Party
	  	 Jurisdiction Searched

	Americas Quality Van Lines, Inc.	  	Indiana Secretary of State
		
	Americas Quality Van Lines, Inc.	  	DuPage County, Illinois
		
	 Anaheim Moving Systems, LLC
 Prior Name: Anaheim
Moving Systems, Inc.
	  	Delaware Secretary of State
		
	 Anaheim Moving Systems, LLC
 Prior Name: Anaheim
Moving Systems, Inc.
	  	Allen County, Indiana
		
	 Cartwright Moving & Storage Co., LLC

Prior Name: Cartwright Moving & Storage Co., Inc.
	  	Delaware Secretary of State
		
	 Cartwright Moving & Storage Co., LLC

Prior Name: Cartwright Moving & Storage Co., Inc.
	  	DuPage County, Illinois
		
	 Cartwright Van Lines, LLC
 Prior Name:
Cartwright Van Lines, Inc.
	  	Delaware Secretary of State
		
	 Cartwright Van Lines, LLC
 Prior Name:
Cartwright Van Lines, Inc.
	  	DuPage County, Illinois
		
	City Storage & Transfer, Inc.	  	Colorado Secretary of State
		
	City Storage & Transfer, Inc.	  	Allen County, Indiana
		
	DJK Residential LLC	  	New York Secretary of State
		
	DJK Residential LLC	  	DuPage County, Illinois
		
	DJK Residential LLC	  	Hudson County, New Jersey
		
	Federal Traffic Service, LLC	  	Indiana Secretary of State
		
	Federal Traffic Service, LLC	  	Allen County, Indiana
		
	Fleet Insurance Management, Inc.	  	Indiana Secretary of State
		
	Fleet Insurance Management, Inc.	  	Allen County, Indiana
		
	FrontRunner Worldwide, Inc.	  	Delaware Secretary of State
		
	FrontRunner Worldwide, Inc.	  	Allen County, Indiana
		
	 Global Van Lines, LLC
 Prior Name: Global Van
Lines, Inc.
	  	Indiana Secretary of State
		
	 Global Van Lines, LLC
 Prior Name: Global Van
Lines, Inc.
	  	Allen County, Indiana
		
	 Global Worldwide, LLC
 Prior Name: Global
Worldwide, Inc.
	  	Indiana Secretary of State
		
	 Global Worldwide, LLC
 Prior Name: Global
Worldwide, Inc.
	  	Allen County, Indiana
		
	Great Falls North American, Inc.	  	Montana Secretary of State
		
	Great Falls North American, Inc.	  	Allen County, Indiana
		
	J.D.C. International, Inc.	  	Illinois Secretary of State
		
	J.D.C. International, Inc	  	Allen County, Indiana
		
	 Lyon Van Lines, LLC
 Prior Name: Lyon Van Lines,
Inc.
	  	Indiana Secretary of State

  
 3 

 Schedule 5(d) to Credit Agreement (Term) 

 

			
	 Loan Party
	  	 Jurisdiction Searched

	 Lyon Van Lines, LLC
 Prior Name: Lyon Van Lines,
Inc.
	  	Allen County, Indiana
		
	 Lyon Worldwide Shipping, LLC
 Prior Name: Lyons
Worldwide Shipping, Inc.
	  	Indiana Secretary of State
		
	 Lyon Worldwide Shipping, LLC
 Prior Name: Lyons
Worldwide Shipping, Inc.
	  	Allen County, Indiana
		
	Manufacturing Support Services, L.L.C.	  	Delaware Secretary of State
		
	Manufacturing Support Services, L.L.C.	  	Allen County, Indiana
		
	Meridian Mobility Resources, Inc.	  	Delaware Secretary of State
		
	Meridian Mobility Resources, Inc.	  	DuPage County, Illinois
		
	Move Management Services, Inc.	  	Indiana Secretary of State
		
	Move Management Services, Inc.	  	Allen County, Indiana
		
	NA (UK) GP Corporation	  	Delaware Secretary of State
		
	NA (UK) GP Corporation	  	Allen County, Indiana
		
	 NACAL, LLC
 Prior Name: NACAL, Inc.
	  	California Secretary of State
		
	 NACAL, LLC
 Prior Name: NACAL, Inc.
	  	Allen County, Indiana
		
	 NorAm Forwarding, LLC
 Prior Name: NorAm
Forwarding, Inc.
	  	Indiana Secretary of State
		
	 NorAm Forwarding, LLC
 Prior Name: NorAm
Forwarding, Inc.
	  	Allen County, Indiana
		
	 North American Forwarding, LLC
 Prior Name:
North American Forwarding, Inc.
	  	Indiana Secretary of State
		
	 North American Forwarding, LLC
 Prior Name:
North American Forwarding, Inc.
	  	Allen County, Indiana
		
	North American International Holding Corporation	  	Delaware Secretary of State
		
	North American International Holding Corporation	  	Allen County, Indiana
		
	North American International N.A., Inc.	  	Delaware Secretary of State
		
	North American International N.A., Inc.	  	Allen County, Indiana
		
	 North American Van Lines of Texas, LLC
 Prior
Name: North American Van Lines of Texas, Inc.
	  	Texas Secretary of State
		
	 North American Van Lines of Texas, LLC
 Prior
Name: North American Van Lines of Texas, Inc.
	  	Allen County, Indiana
		
	North American Van Lines, Inc.	  	Delaware Secretary of State
		
	North American Van Lines, Inc.	  	Allen County, Indiana
		
	North American Van Lines, Inc.	  	DuPage County, Illinois
		
	North American Van Lines, Inc.	  	Cook County, Illinois
		
	North American Van Lines, Inc.	  	Hennepin County, Minnesota

  
 4 

 Schedule 5(d) to Credit Agreement (Term) 

 

			
	 Loan Party
	  	 Jurisdiction Searched

	Relocation Risk Solutions, LLC	  	Delaware Secretary of State
		
	Relocation Risk Solutions, LLC	  	Allen County, Indiana
		
	SIRVA, Inc.	  	Delaware Secretary of State
		
	SIRVA, Inc.	  	DuPage County, Illinois
		
	SIRVA Container Lines, Inc.	  	Florida Secretary of State
		
	SIRVA Container Lines, Inc	  	DuPage County, Illinois
		
	SIRVA Freight Forwarding, Inc.	  	Indiana Secretary of State
		
	SIRVA Freight Forwarding, Inc.	  	Allen County, Indiana
		
	SIRVA Global Relocation, Inc.	  	Delaware Secretary of State
		
	SIRVA Global Relocation, Inc.	  	Allen County, Indiana
		
	SIRVA Imaging Solutions, Inc.	  	Delaware Secretary of State
		
	SIRVA Imaging Solutions, Inc.	  	Allen County, Indiana
		
	SIRVA MLS, Inc.	  	Indiana Secretary of State
		
	SIRVA MLS, Inc.	  	Allen County, Indiana
		
	SIRVA Move Management, Inc.	  	Indiana Secretary of State
		
	SIRVA Move Management, Inc.	  	Allen County, Indiana
		
	SIRVA Relocation LLC	  	Delaware Secretary of State
		
	SIRVA Relocation LLC	  	DuPage County, Illinois
		
	SIRVA Relocation LLC	  	Orange County, California
		
	SIRVA Relocation LLC	  	New York County, New York
		
	SIRVA Relocation LLC	  	St Louis City, an Independent City, Missouri
		
	SIRVA Relocation Properties, LLC	  	Delaware Secretary of State
		
	SIRVA Relocation Properties, LLC	  	DuPage County, Illinois
		
	SIRVA Settlement of Alabama, LLC	  	Alabama Secretary of State
		
	SIRVA Settlement of Alabama, LLC	  	DuPage County, Illinois
		
	SIRVA Settlement, Inc.	  	Ohio Secretary of State
		
	SIRVA Settlement, Inc.	  	DuPage County, Illinois
		
	SIRVA Worldwide, Inc.	  	Delaware Secretary of State
		
	SIRVA Worldwide, Inc.	  	DuPage County, Illinois
		
	SIRVA Worldwide, Inc.	  	Contra Costa County, California
		
	SIRVA Worldwide, Inc.	  	Cuyahoga County, Ohio
		
	Trident Transport International, Inc.	  	Delaware Secretary of State
		
	Trident Transport International, Inc.	  	DuPage County, Illinois

  
 5 

 Schedule 5(g) to Credit Agreement (Term) 

 

 FILING JURISDICTIONS 

 

			
	 Loan Party
	  	Filing
Jurisdiction
	A Five Star Forwarding, LLC	  	Delaware
		
	A Relocation Solutions Management, LLC	  	Delaware
		
	A Three Rivers Forwarding, LLC	  	Indiana
		
	Alaska USA Van Lines, LLC	  	Indiana
		
	Alliance Relocation Services, LLC	  	Delaware
		
	Allied Alliance Forwarding, LLC	  	Delaware
		
	Allied Continental Forwarding, LLC	  	Delaware
		
	Allied Domestic Forwarding, LLC	  	Delaware
		
	Allied Freight Forwarding, LLC	  	Delaware
		
	Allied Intermodal Forwarding, LLC	  	Delaware
		
	Allied International N.A., Inc.	  	Delaware
		
	Allied Interstate Transportation, Inc.	  	Delaware
		
	Allied Transcontinental Forwarding, LLC	  	Delaware
		
	Allied Transportation Forwarding, LLC	  	Delaware
		
	Allied Van Lines, Inc.	  	Delaware
		
	Allied Van Lines, Inc. of Indiana	  	Indiana
		
	Allied Van Lines Terminal Company	  	Delaware
		
	Americas Quality Van Lines, LLC	  	Indiana
		
	Anaheim Moving Systems, LLC	  	Delaware
		
	A.V.L. Transportation, LLC	  	Delaware
		
	Cartwright Moving & Storage, LLC	  	Delaware
		
	Cartwright Van Lines, LLC	  	Delaware
		
	City Storage & Transfer, Inc.	  	Colorado
		
	DJK Residential LLC	  	New York
		
	Federal Traffic Service, LLC	  	Indiana
		
	Fleet Insurance Management, Inc.	  	Indiana
		
	FrontRunner Worldwide, Inc.	  	Delaware
		
	Global Van Lines, LLC	  	Indiana
		
	Global Worldwide, LLC	  	Indiana
		
	J.D.C. International, Inc.	  	Illinois
		
	Lyon Van Lines, LLC	  	Indiana
		
	Lyon Worldwide Shipping, LLC	  	Indiana
		
	Meridian Mobility Resources, Inc.	  	Delaware
		
	Move Management Services, Inc.	  	Indiana
		
	NACAL, LLC	  	California
		
	NorAm Forwarding, LLC	  	Indiana
		
	North American Forwarding, LLC	  	Indiana
		
	North American International N.A., Inc.	  	Delaware
		
	North American Van Lines of Texas, LLC	  	Texas
		
	North American Van Lines, Inc.	  	Delaware

  

 Schedule 5.1(h) to Credit Agreement (Term) 

 

			
	 Loan Party
	  	Filing
Jurisdiction
	Relocation Risk Solutions, LLC	  	Delaware
		
	SIRVA Container Lines, Inc.	  	Florida
		
	SIRVA Freight Forwarding, Inc.	  	Indiana
		
	SIRVA Global Relocation, Inc.	  	Delaware
		
	SIRVA Imaging Solutions, Inc.	  	Delaware
		
	SIRVA MLS, Inc.	  	Indiana
		
	SIRVA Move Management, Inc.	  	Indiana
		
	SIRVA Relocation LLC	  	Delaware
		
	SIRVA Relocation Properties, LLC	  	Delaware
		
	SIRVA Settlement, Inc.	  	Ohio
		
	SIRVA Settlement of Alabama, LLC	  	Alabama
		
	SIRVA Worldwide, Inc.	  	Delaware
		
	Trident Transport International, Inc.	  	Delaware

  
 2 

 Schedule 6.16 to Credit Agreement 

POST-CLOSING OBLIGATIONS 
  

	1.	Within 90 days following the Closing Date (or such longer period as permitted by the Administrative Agent in its sole discretion), with respect to each Mortgaged Property listed on Schedule 4.8, Part I to the Credit
Agreement, (i) the Borrower shall deliver counterparts of a first Lien Mortgage with respect to such Mortgaged Property, duly executed and delivered by the record owner of such Mortgaged Property, (ii) a currently dated loan policy or
policies of title insurance issued by a nationally recognized title insurance company insuring the Lien of such Mortgage as a valid first Lien on the Mortgaged Property (such lien position subject to delivery of the Mortgage Subordination Agreement
described below) described therein, free of any other Liens except for Permitted Liens, in form and substance satisfactory to the Collateral Agent, with evidence that all premiums and mortgage and other similar taxes and fees in connection therewith
have been fully paid, together with such endorsements, coinsurance and reinsurance as the Collateral Agent may reasonably request, (iii) such surveys, in form and substance satisfactory to the Collateral Agent, certified to the Collateral Agent
and the title company, abstracts, appraisals (to the extent required by law) and such other documents as the Collateral Agent may reasonably request with respect to such Mortgage or Mortgaged Property; provided, however, that an
existing survey for any Mortgaged Property shall be deemed acceptable if such survey shall be sufficient for the title company to delete any standard printed survey exception contained in the applicable loan policy or policies of title insurance and
provide survey related endorsements, (iv) a completed Federal Emergency Management Agency Standard Flood Hazard Determination with respect to such Mortgaged Property, and if any improvement located on the Mortgaged Property is located in a
Flood Zone, evidence of flood insurance in accordance with subsection 6.5 of the Credit Agreement, and (v) an opinion of counsel (which counsel shall be reasonably satisfactory to the Collateral Agent) in the state in which such Mortgaged
Property is located with respect to the enforceability of the Mortgage and such other matters as the Collateral Agent may reasonably request, in each case in form and substance reasonably satisfactory to the Collateral Agent. 

 

	2.	Within 90 days after the Closing Date, the Borrower shall use, or shall cause its Domestic Subsidiaries to use, commercially reasonable efforts to provide a mortgage subordination agreement (the “Mortgage
Subordination Agreement”), subordinating the lien of the IEDC Mortgage (as defined in the Mortgage Subordination Agreement) to the liens and security interests granted to the Collateral Agent under this Agreement and the ABL Credit
Agreement, including, without limitation, the Mortgage, in recordable form and otherwise satisfactory to the Collateral Agent and the title company. 

  

	3.	Within 90 days after the Closing Date, the Loan Parties shall execute and deliver, or shall cause to be executed and delivered, an authenticated Control Agreement (which may include a Controlled Account Agreement) from
each bank maintaining a Deposit Account which is not an Excluded Account for such Loan Party, in each case in form and substance reasonably satisfactory to the Collateral Agent, duly authorized, executed and delivered by each such bank and
applicable Loan Party. 

 Schedule 6.16 to Credit Agreement (Term) 

 

	4.	Within 30 days after the Closing Date, the Collateral Agent shall have received a Lender’s Loss Payable Endorsement, in form and substance reasonably satisfactory to the Administrative Agent, duly authorized,
executed and delivered by the insurance company providing the Borrower’s hazard insurance policies. 

  

	5.	Within 30 days after the Closing Date, the Collateral Agent shall have received executed, original signature pages to the Intercompany Note from each of SIRVA Relocation No. 1 Limited (UK), SIRVA Relocation Limited
(HK), SIRVA Pty. Ltd. (AU), Concept Mobility Servicos De Mobilidade LTDA Brazil, SIRVA Relocation Credit, LLC, Allied Moving Services (S) Pte. Ltd. (SG), Allied Relocation Services LLC (UAE) and Allied Moving Services (HK) Limited.

  

	6.	Within 30 days after the Closing Date, the Collateral Agent shall have received executed, original signature pages to the Intercompany Subordination Agreement from each of SIRVA Relocation No. 1 Limited (UK), SIRVA
Relocation Limited (HK), SIRVA Pty. Ltd. (AU), Concept Mobility Servicos De Mobilidade LTDA Brazil, SIRVA Relocation Credit, LLC, Allied Moving Services (S) Pte. Ltd. (SG), Allied Relocation Services LLC (UAE) and Allied Moving Services (HK)
Limited. 

  

	7.	Within 30 days after the Closing Date, the Collateral Agent shall have received executed, original Acknowledgement and Consent Forms from each of SIRVA Relocation Holdings Limited, North American International Holding
Corporation, ALNAV Platinum Company, SIRVA Australia Holdings Pty. Ltd. and CMSR Reinsurance, Ltd. 

 The Administrative Agent in its sole
discretion may elect to extend any of the time periods referenced above. 

 Schedule 7.2(f) to Credit Agreement (Term) 

 

 PERMITTED INDEBTEDNESS 

 

	1.	Westpac Bank has provided group credit facilities, including a line for bank guarantees, in the amount of NZD $1,200,000 and AUD $5,600,000 for SIRVA Group (NZ) Ltd. and SIRVA Pty. Ltd. and its subsidiaries,
respectively. 

  

	2.	Corporation Bank has provided an overdraft facility in the amount of INR 6,000,000 to A. L. Movers Private Ltd (India). 

  

	3.	HSBC has provided an overdraft facility in the amount of INR 14,700,000 to A. L. Movers Private Ltd (India) which is secured by funds in a separate secured account. 

 

	4.	Standard Charter Bank has provided bank guarantees in the amount of AED 500,000 to Allied Relocation Services LLC (UAE). 

  

	5.	Capital Leases are as follows: 

  

	 	a.	Issued through Somerset Leasing Corp. VXIII in the amount of $137,997.26 

  

	 	b.	Issued through Allen Systems Group in the amount of $53,097.36 

  

	 	c.	Issued through Microsoft Licensing, GP in the amount of $2,046,015.25 

  

	 	d.	Issued through ORTEC International USA, Inc in the amount of $399,779.15 

  

	 	e.	Issued through Oracle America, Inc in the amount of $283,882.64 

  

	6.	Miscellaneous financing is as follows: 

  

	 	a.	Issued through Indiana Economic Development Corporation in the amount of $1,800,000 (supported by mortgage on Fort Wayne, IN facility) 

 

	7.	North American Van Lines, Inc. promise to pay SIRVA Pty. Ltd. AUD7,000,000. 

  

	8.	North American Van Lines, Inc. promise to pay SIRVA Relocation (No. 1) Limited GBP 2,225,086. 

  

	9.	North American Van Lines, Inc. promise to pay SIRVA Canada, LP CAD2,785,000. 

  

	10.	SIRVA Worldwide, Inc promise to pay Alnav Platinum Company $2,329,238. 

  

	11.	North American Van Lines, Inc. promise to pay Allied Moving Services (S) Pte. Ltd. SGD2,170,000. 

  

	12.	North American Van Lines, Inc. promise to pay Allied Relocation Services LLC $650,000. 

  

	13.	North American Van Lines, Inc. promise to pay SIRVA (Asia) Pte Ltd (SG) SGD175,870.60. 

 Schedule 7.3(j) to Credit Agreement (Term) 

 

 PERMITTED LIENS 

North American Van Lines, Inc. 
  

											
	 JURISDICTION
	  	FILING
TYPE/
SEARCHED
THRU	  	FILE NUMBER/
FILE DATE	  	DEBTOR	  	SECURED PARTY	  	 COLLATERAL DESCRIPTION

	Secretary of State, Delaware	  	UCC
02/13/2013	  	20091716403
 06/01/2009
	  	NORTH
 AMERICAN VAN
 LINES, INC.

 
 5001 U.S.
HIGHWAY 30,

WEST
 FORT WAYNE, IN

46818
	  	HEWLETT-
 PACKARD
 FINANCIAL

SERVICES
 COMPANY

 
 420 MOUNTAIN
AVE

MURRAY HILL, NJ
 07974
	  	Lease of specific equipment.
						
	Secretary of State, Delaware	  	UCC
02/13/2013	  	20091975082
06/22/2009	  	NORTH
 AMERICAN VAN
LINES, INC.
  

5001 U.S.
 HIGHWAY 30,

WEST
 FORT WAYNE, IN

46818
	  	INDIANA
 ECONOMIC
 DEVELOPMENT

CORPORATION
  

ONE NORTH
 CAPITOL AVENUE

SUITE 700
INDIANAPOLIS,
IN 46204
	  	Fixture filing.
						
	Secretary of State, Delaware	  	UCC
02/13/2013	  	20102402752
07/09/2010	  	NORTH
 AMERICAN VAN
LINES, INC.
  

5001 U.S.
HIGHWAY 30,
 WEST

FORT WAYNE, IN
 46818
	  	DATA SALES CO.,
 INC.
  

3450 W
 BURNSVILLE
PARKWAY

BURNSVILLE, MN
55337
	  	Lease of specific equipment.

  

 Schedule 7.3(j) to Credit Agreement (Term) 

 

											
	 JURISDICTION
	  	FILING
TYPE/
SEARCHED
THRU	  	FILE
NUMBER/
FILE DATE	  	DEBTOR	  	SECURED PARTY	  	 COLLATERAL DESCRIPTION

	Recorder, Allen County, Indiana	  	FIXT
 02/22/2013
	  	U20090189
06/23/2009	  	North American Van
 Lines, Inc. 
 5001 U.S. Highway

30 West
 Fort Wayne, IN

46818
	  	Indiana
 EconomicDevelopment
 Corporation

 
 One North
Capitol Avenue,
Suite 700
Indianapolis,

IN 46204
	  	All real estate, together with all improvements on, rights privileges, interest, easements, herditaments, appurtenances, fixtures.
						
	Recorder, Allen County, Indiana	  	Mortgage	  	Instrument No.
 2009032525

06/23/2009
	  	North American Van
Lines, Inc.	  	Indiana
 EconomicDevelopment

Corporation
	  	All real estate, together with all improvements on, rights privileges, interest, easements, herditaments, appurtenances, fixtures.
						
	Clerk of the Circuit Court, Allen County, Indiana	  	JL
 02/22/2013
	  	BK2003 PG994
 06/02/2003
	  	Defendant:
 North American
Vanlines Inc.
	  	Plaintiff: State
of Indiana	  	$387.24
						
	Clerk of the Circuit Court, Allen County, Indiana	  	JL
 02/22/2013
	  	LIT:
 02C0101402-

MF-000210 filed

02/16/2004
  

JL:
 BK20
PG130
04/14/2004
	  	Defendant: Williams
 Heidi M 
 North American Van
Lines

 
 Kiddie Prep School

 
 Lot 209 & E 20 FT

Lot 201
	  	 Plaintiff: 
 Mortgage
Electronic
	  	$62,066.39

  
 2 

 Schedule 7.3(j) to Credit Agreement (Term) 

 

 SIRVA Relocation LLC 

 

											
	 JURISDICTION
	  	 FILING
TYPE/
SEARCHED
THRU
	  	 FILE

NUMBER/
 FILE
DATE
	  	 DEBTOR
	  	 SECURED PARTY
	  	 COLLATERAL DESCRIPTION

	Secretary of State, Delaware	  	 UCC

02/13/2013
	  	51089854 04/08/2005	  	 SIRVA
 RELOCATION LLC

 
 505 NORTH HWY.

SUITE 335 MINNEAPOLIS, MN 55411
	  	 RELATIONAL, LLC
  

3701 ALGONQUIN
 ROAD

ROLLING
 MEADOWS, IL

60008
	  	Lease of specific equipment.
						
	Secretary of State, Delaware	  	 UCC

02/13/2013
	  	41829318 06/30/2004	  	 SIRVA Relocation LLC
  

700 Oakmont Lane Westmont, IL
 60559
	  	 LaSalle Bank National Association, as Agent for the Purchasers

 
 135 S. LaSalle Street

Chicago, IL 60674
  

Assignor:
 SIRVA Relocation Credit, LLC

700 Oakmont Lane
 Westmont, IL 60559
	  	All Debtor’s right, title and interest to Receivables and Collections.
						
	Secretary of State, Delaware	  	AMEND 02/13/2013	  	 43645464

12/27/2004
	  		  		  	 Restatement of collateral.
 All Debtor’s
right, title and interest to
 Receivables and Collections.

						
	Secretary of State, Delaware	  	AMEND 02/13/2013	  	 50998436

04/01/2005
	  		  		  	 Restatement of collateral.
 All Debtor’s
right, title and interest to
 Receivables and Collections.

  
 3 

 Schedule 7.3(j) to Credit Agreement (Term) 

 

											
	 JURISDICTION
	  	 FILING

TYPE/

SEARCHED
THRU
	  	 FILE

NUMBER/
 FILE
DATE
	  	 DEBTOR
	  	 SECURED PARTY
	  	 COLLATERAL DESCRIPTION

	Secretary of State, Delaware	  	AMEND 02/13/2013	  	 20073718805

10/02/2007
	  		  		  	 Restatement of collateral.
 All Debtor’s
right, title and interest to
 Receivables and Collections.

						
	Secretary of State, Delaware	  	 ASSGN

02/13/2013
	  	20083332507 10/01/2008	  		  	 SIRVA Relocation
 Credit, LLC

 
 700 Oakmont Lake

Westmont, IL 60559
	  	 Secured Party assignment to:
 SIRVA Relocation
Credit, LLC
 700 Oakmont Lake
 Westmont, IL 60559

						
	Secretary of State, Delaware	  	 ASSGN

02/13/2013
	  	20083334453 10/01/2008	  		  	 Wells Fargo Bank, National Association,

acting through its Wells Fargo Business Credit Division, as Agent
  

230 W. Monroe Street, Suite 2405 Chicago, IL 60606
	  	 Secured Party assignment to:
 Wells Fargo Bank,
National Association, acting through its Wells Fargo Business Credit Division, as Agent
 230 W. Monroe Street, Suite 2405

Chicago, IL 60606

						
	Secretary of State, Delaware	  	 AMEND

02/13/2013
	  	20083334503 10/01/2008	  		  		  	Restatement of collateral. All Debtor’s right, title and interest to Employee Receivables and/or Employer Receivables under an Included Relocation Services Agreement and Collections thereto.
						
	Secretary of State, Delaware	  	CONT 02/13/2013	  	20091372710 04/30/2009	  		  		  	Continuation.

  
 4 

 Schedule 7.3(j) to Credit Agreement (Term) 

 

 SIRVA Worldwide, Inc. 

 

											
	 JURISDICTION
	  	 FILING
TYPE/
SEARCHED
THRU
	  	 FILE NUMBER/
FILE DATE
	  	 DEBTOR
	  	 SECURED PARTY
	  	 COLLATERAL DESCRIPTION

	Secretary of State, Delaware	  	 UCC

02/13/2013
	  	 20081400702

04/16/2008
	  	 SIRVA Worldwide, Inc.
  

700 Oakmont Lane
 Westmont, IL 60559
	  	 Harbor Capital, LLC
  

1364 Estate Lane
 East

Lake Forest, IL
 60045

 
 Assignor:

Sysix Financial,
 L.L.C.

 
 3025 Highland Parkway Suite 825 Downers Grove, IL

60515
	  	Lease of specific equipment.
						
	Secretary of State, Delaware	  	 UCC

02/13/2013
	  	 20082032967

06/11/2008
	  	 SIRVA Worldwide, Inc.
  

700 Oakmont Lane Westmont, IL 60559
	  	 Sysix Financial,
 L.L.C.

 
 3025 Highland Parkway Suite 825 Downers Grove, IL

60515
	  	Lease of specific equipment.
						
	Secretary of State, Delaware	  	 UCC

02/13/2013
	  	 20082171211

06/19/2008
	  	 SIRVA Worldwide, Inc.
  

700 Oakmont Lane Westmont, IL 60559
	  	 Sysix Financial,
 L.L.C.

 
 3025 Highland Parkway Suite 825 Downers Grove, IL

60515
	  	Lease of specific equipment.

  
 5 

 Schedule 7.3(j) to Credit Agreement (Term) 

 

											
	 JURISDICTION
	  	 FILING
TYPE/
SEARCHED
THRU
	  	 FILE

NUMBER/
 FILE
DATE
	  	 DEBTOR
	  	 SECURED PARTY
	  	 COLLATERAL DESCRIPTION

	Secretary of State, Delaware	  	 ASSGN

02/13/2013
	  	 20090260478

01/14/2009
	  		  	 Harbor Capital LLC
  

1364 Estate Lane East
 Lake Forest, IL

60045
	  	 Secured Party assignment to:
 Harbor Capital
LLC
 1364 Estate Lane East
 Lake Forest, IL 60045

						
	Secretary of State, Delaware	  	 UCC

02/13/2013
	  	20090863529 03/12/2009	  	 SIRVA Worldwide, Inc.
  

700 Oakmont Lane Westmont, IL 60559
	  	 Sysix Financial,
 L.L.C.

 
 3025 Highland Parkway Suite 825 Downers Grove, IL

60515
	  	Lease of specific equipment.
						
	Secretary of State, Delaware	  	 UCC

02/13/2013
	  	200908631719 03/12/2009	  	 SIRVA Worldwide, Inc.
  

700 Oakmont Lane Westmont, IL 60559
	  	 Sysix Financial,
 L.L.C.

 
 3025 Highland Parkway Suite 825 Downers Grove, IL

60515
	  	Lease of specific equipment.
						
	Secretary of State, Delaware	  	 UCC

02/13/2013
	  	20100500771 02/16/2010	  	 SIRVA
 WORLDWIDE, INC

 
 700 OAKMONT

LANE
 WESTMONT, IL 60559
	  	 SOMERSET
 LEASING CORP. XVIII

 
 612 WHEELERS

FARMS ROAD MILFORD, CT 06461
	  	Lease of specific equipment.

  
 6 

 Schedule 7.3(j) to Credit Agreement (Term) 

 

											
	 JURISDICTION
	  	 FILING
TYPE/
SEARCHED
THRU
	  	 FILE NUMBER/
FILE DATE
	  	 DEBTOR
	  	 SECURED PARTY
	  	 COLLATERAL DESCRIPTION

	Secretary of State, Delaware	  	 UCC

02/13/2013
	  	20112452723 06/27/2011	  	 SIRVA
 WORLDWIDE, INC.

 
 700 OAKMONT

LANE
 WESTMONT, IL 60559
	  	 MACQUARIE
 EQUIPMENT FINANCE, LLC

 
 2285 FRANKLIN ROAD SUITE 100

BLOOMFIELD HILLS, MI 48302
	  	Lease of specific equipment.
						
	Secretary of State, Delaware	  	 ASSGN

02/13/2013
	  	20113698936 09/27/2011	  		  	 CCA FINANCIAL,
 LLC

 
 7275 GLEN

FOREST DRIVE
 SUITE 100 RICHMOND, VA 23226
	  	 Secured Party assignment to:
 CCA FINANCIAL,
LLC
 7275 GLEN FOREST DRIVE SUITE 100
 RICHMOND, VA
23226

						
	Secretary of State, Delaware	  	AMEND 02/13/2013	  	 20114032986

10/19/2011
	  		  		  	 Addition of collateral.
  

Specific equipment.

						
	Secretary of State, Delaware	  	 UCC

02/13/2013
	  	20112494055 06/29/2011	  	 SIRVA
 WORLDWIDE, INC.

 
 700 OAKMONT

LANE
 WESTMONT, IL 60559
	  	 MACQUARIE
 EQUIPMENT FINANCE, LLC

 
 2285 FRANKLIN ROAD SUITE 100

BLOOMFIELD HILLS, MI 48302
	  	Lease of specific equipment.

  
 7 

 Schedule 7.3(j) to Credit Agreement (Term) 

 

											
	 JURISDICTION
	  	 FILING
TYPE/
SEARCHED
THRU
	  	 FILE NUMBER/
FILE DATE
	  	 DEBTOR
	  	 SECURED PARTY
	  	 COLLATERAL DESCRIPTION

	Secretary of State, Delaware	  	 UCC

02/13/2013
	  	20113732750 09/29/2011	  	 SIRVA
 WORLDWIDE, INC.

 
 700 OAKMONT

LANE
 WESTMONT, IL 60559
	  	 CCA FINANCIAL,
 LLC

 
 7275 GLEN

FOREST DRIVE
 SUITE 100 RICHMOND, VA 23226
	  	Lease of specific equipment.
						
	Secretary of State, Delaware	  	 ASSGN

02/13/2013
	  	 20113868794

10/07/2011
	  		  	 FIRST TENNESSEE
 BANK OF

NATIONAL
 ASSOCIATION

 
 7301 FOREST AVE.

SUITE 102 RICHMOND, VA 23226
	  	 Assignment of equipment and software subject to Schedule No. 1 of Master Lease Agreement

dated 5/25/11.

						
	Secretary of State, Delaware	  	 ASSGN

02/13/2013
	  	20120362923 01/30/2012	  		  	 WELLS FARGO
 BANK

 
 1021 E. CARY ST.,

7TH FL TWO
 JAMES CENTER RICHMOND, VA 23219
	  	 Assignment of equipment and software subject to Schedule No. 2 of Master Lease Agreement

dated 5/25/11.

  
 8 

 Schedule 7.3(j) to Credit Agreement (Term) 

 

											
	 JURISDICTION
	  	 FILING
TYPE/
SEARCHED
THRU
	  	 FILE NUMBER/
FILE DATE
	  	 DEBTOR
	  	 SECURED PARTY
	  	 COLLATERAL DESCRIPTION

	Secretary of State, Delaware	  	 UCC

02/13/2013
	  	 20114032796

10/19/2011
	  	 SIRVA
 WORLDWIDE, INC.

 
 700 OAKMONT

LANE
 WESTMONT, IL 60559
	  	 MACQUARIE
 EQUIPMENT FINANCE, LLC

 
 2285 FRANKLIN ROAD SUITE 100

BLOOMFIELD HILLS, MI 48302
	  	Lease of specific equipment.
						
	Secretary of State, Delaware	  	 ASSGN

02/13/2013
	  	20114856319 12/19/2011	  		  	 CCA FINANCIAL,
 LLC

 
 7275 GLEN

FOREST DRIVE
 SUITE 100 RICHMOND, VA 23226
	  	Secured Party assigns equipment under Schedule No. 2 to the Assignee.

  
 9 

 Schedule 7.4(a) to Credit Agreement (Term) 

PERMITTED GUARANTEE OBLIGATIONS 
  

	1.	Letter of comfort provided to Westpac Bank by North American International Holding Company in support of Allied Pickfords Pty Ltd (now SIRVA Pty. Ltd.) and its subsidiaries in the amount of AUD$7,500,000.

  

	2.	Indemnity Agreement: General Indemnity Agreement between International Fidelity Insurance Company and SlRVA, Inc., Allied Worldwide, Inc., North American Van Lines, Inc., dated as of April 8, 2003, entered into in
connection with the execution of bonds in the approximate amount of USD $9,000,000 for SIRVA, Inc. and its subsidiaries, as supplemented. Outstanding balance in March 2013 is approximately $11,000,000 

 

	3.	Place in funds letter provided to International Fidelity Insurance Company by SIRVA Worldwide, Inc., dated as of June 10, 2005, entered into in connection with the execution of bonds in the approximate amount of
USD $9,000,000 for SIRVA Worldwide, Inc. and its subsidiaries, as supplemented. Outstanding balance in March 2013 is approximately $11,000,000. 

  

	4.	The following foreign letters of credit: 

  

	 	a.	Westpac Banking Corporation Banker’s Undertaking in the amount of AUD $86,625 in favor of McDonald Bros Holdings Pty Limited dated as of 12/13/07 with an expiration date of 03/12/2013. 

 

	 	b.	Westpac Banking Corporation Banker’s Undertaking in the amount of AUD $16,500 in favor of Melissa Jane Gillespie Pty Ltd dated as of 11/01/09 with an expiration date of 4/30/13. 

 

	 	c.	Westpac Banking Corporation Banker’s Undertaking in the amount of AUD $6,196.66 in favor of Rdub Pty Ltddated as of 07/22/09 with an expiration date of 12/30/14. 

 

	 	d.	Westpac Banking Corporation Banker’s Undertaking in the amount of AUD $35,000 in favor of Toll Transport Pty Ltd dated as of 08/22/07. 

 

	 	e.	Westpac Banking Corporation Banker’s Undertaking in the amount of AUD $91,300 in favor of N & C nominees Pty Ltd dated as of 09/17/09 with an expiration date of 8/19/13. 

 

	 	f.	Westpac Banking Corporation Banker’s Undertaking in the amount of AUD $380,431.44 in favor of Walker Corp dated as of 9/10/10 with an expiration date of 9/30/16. 

 

	 	g.	Westpac Banking Corporation Banker’s Undertaking in the amount of AUD $270,000 in favor of Toll Transport Pty Ltd dated as of 10/20/05. 

 

	 	h.	Westpac Banking Corporation Banker’s Undertaking in the amount of AUD $540,625 in favor of Perpetual Trustee Company Limited dated as of 12/19/05. 

 

	 	i.	Westpac Banking Corporation Banker’s Undertaking in the amount of AUD $376,238.36 in favor of Walker Corp Pty Ltd dated as of 9/10/10 with an expiration date of 9/30/26. 

  

 Schedule 7.4(a) to Credit Agreement (Term) 

 

	 	j.	Westpac Banking Corporation Banker’s Undertaking in the amount of AUD $14,000 in favor of Australian Furniture Removers Association Inc. dated as of 11/23/05. 

 

	 	k.	Westpac Banking Corporation Banker’s Undertaking in the amount of AUD $379,500 in favor of Mario De Palma dated as of 09/20/2011. 

 

	 	l.	Westpac Banking Corporation Banker’s Undertaking in the amount of AUD $25,000 in favor of Petre & Ellen Everett dated as of 10/05/2012. 

 

	 	m.	Westpac Banking Corporation Banker’s Undertaking in the amount of AUD $21,480.32 in favor of Glentham Pty Ltd. dated as of 02/01/2013. 

 

	5.	Letter of comfort provided to SIRVA Relocation (No. 1) Limited by SIRVA Worldwide, Inc. in respect of financial year ended 31 December 2006. 

 

	6.	Letter of comfort provided to SIRVA Relocation Holdings Limited by SIRVA Worldwide, Inc. in respect of financial year ended 31 December 2006. 

 

	7.	Letter of comfort provided to SIRVA Conveyancing Limited by SIRVA Worldwide, Inc. in respect of financial year ended 31 December 2006. 

 

	8.	Guarantee provided to Allied Pickfords Limited (now Allied Moving Services (HK) Limited) by North American International Holding Corporation guaranteeing the HK$8,314,583 liability that SIRVA Relocation Limited owes to
Allied Pickfords Limited. 

  

	9.	Letter of comfort provided to Allied Pickfords Limited (now Allied Moving Services (HK) Limited) by North American International Holding Corporation regarding financial support. 

 

	10.	Letter of comfort and guarantee provided to Ernest & Young by SIRVA Worldwide, Inc. regarding non trade intercompany balance between SIRVA Relocation (Dubai) Branch and Allied Pickfords LLC (now Allied
Relocation Services LLC). 

  

	11.	Letter of support provided by SIRVA Worldwide, Inc. regarding financial support of SIRVA Conveyancing Limited. 

  

	12.	Letter of comfort provided by SIRVA Worldwide, Inc. regarding financial support of Rowan Corporate Relocation Limited (now SIRVA Relocation (No. 1) Limited) . 

 

	13.	Letter of comfort provided by SIRVA Worldwide, Inc. regarding financial support of Simmons Corporate Relocation Limited (now SIRVA Relocation (No. 3) Limited. 

  
 2 

 Schedule 7.4(a) to Credit Agreement (Term) 

 

	14.	Letter of comfort provided by SIRVA Worldwide, Inc. regarding financial support of SIRVA Relocation Holdings Limited. 

  

	15.	Letter of comfort provided to SIRVA Holdings Limited (in liquidation) by SIRVA Worldwide, Inc. regarding financial support of SIRVA Holdings Limited. 

 

	16.	Guarantee provided to Government of Canada by SIRVA Worldwide, Inc. in connection with guarantee of up to CAD 15.0 million of SIRVA Canada LP’s obligations under its household goods relocation contract.

  

	17.	Letter of comfort provided to The Manager Westpac Banking Corporation by North American International Holding Corporation and its subsidiaries in the amount of $A 8,200,000. 

 

	18.	Guarantee provided to Lloyds TSB Bank PLC (the “Bank”) by SIRVA Relocation Holdings Limited, Rowan Corporate Relocation Limited, Rowan Attorney Limited, Rowan International Relocation Limited, Rowan Property
Services Limited, Rowan Outsourcing Limited, Rowan Simmons Relocation Limited (formerly Orbus Limited), SIRVA Conveyancing Limited, Simmons Corporate Relocation Limited in connection with liabilities to the Bank. 

 

	19.	Guarantee provided by SIRVA Worldwide, Inc. and North American Van Lines, Inc. to SIRVA Relocation Credit, LLC in connection with Receivables Sale Agreement. 

 

	20.	Guarantee provided by SIRVA Worldwide, Inc. to IM Australia Holdings Pty. Ltd.,, IM New Zealand Holdings ULC and Iron Mountain Incorporated in connection with sale of Australian records management business by SIRVA Asia
Pacific Pty. Ltd. 

  

	21.	Guarantee provided by SIRVA Worldwide, Inc. to IM New Zealand Holdings ULC and Iron Mountain Incorporated in connection with sale of New Zealand records management business by SIRVA Asia Pacific Pty. Ltd.

  

	22.	Guarantee provided by SIRVA Worldwide, Inc. to Transeuro Amertrans International Holdings BV, Smit Matrix BV, and Zenic International Holdings Limited in connection with the sale of the continental European moving
businesses by North American International Holding Corporation, SIRVA Holdings Limited, Pierre Finance Nederland Renting BV and Allied Arthur Pierre NV. 

  

	23.	Guarantee provided by SIRVA Worldwide, Inc. in connection with the sale of the European specialized transportation business by SIRVA UK Limited, midiData Spedition GmbH and Allied Arthur Pierre SA to Wincanton Trans
European Holdings GmbH, Wincanton Trans European Holdings BV and Wincanton Holdings Limited. 

  

	24.	Letter of comfort provided by SIRVA Worldwide, Inc. regarding financial support of SIRVA Conveyancing, Inc. in respect of financial year ended 31 December 2007 

  
 3 

 Schedule 7.4(a) to Credit Agreement (Term) 

 

	25.	Guarantee provided by North American International Holding Corporation in connection with SIRVA Relocation Limited’s outstanding liability to Allied Pickfords Limited (now Allied Moving Services (HK) Limited).

  

	26.	Letter of comfort provided by North American International Holding Corporation regarding financial support of Allied Pickfords Limited (now Allied Moving Services (HK) Limited. 

 

	27.	Letter of comfort provided by North American International Holding Corporation regarding financial support of SIRVA Relocation Limited (HK). 

 

	28.	Letters of comfort provided by SIRVA Worldwide, Inc. regarding financial support of SIRVA Relocation Holdings Limited, SIRVA Relocation (No. 1) Limited, SIRVA Relocation (No. 3) Limited and SIRVA Conveyancing Limited in
respect of financial year ended 31 December 2007. 

  

	29.	Letter of comfort provided by RS Acquisition Holding, LLC regarding financial support of SIRVA Finance Limited in respect of financial year ended 31 December 2007. 

 

	30.	Guarantee provided by SIRVA Worldwide, Inc. in connection with North American Van Lines, Inc.‘s subordinated promissory note payable to SIRVA Australian Holdings Pty. Ltd and letter of comfort regarding financial
support of North American Van Lines, Inc. 

  

	31.	Letter of comfort provided by RS Acquisition Holding, LLC regarding financial support of SIRVA Finance Limited in respect of financial year ended 31 December 2008. 

 

	32.	Letter of comfort provided by SIRVA Worldwide, Inc. regarding financial support of SIRVA Relocation Holdings Limited, SIRVA Relocation (No. 1) Limited, SIRVA Relocation (No. 3) Limited and SIRVA Conveyancing Limited in
respect of financial year ended 31 December 2008. 

  

	33.	Letter of comfort provided by SIRVA Worldwide, Inc. to The Secretary of State for Defence regarding financial support of SIRVA Relocation Holdings Limited. 

 

	34.	Letter of comfort provided by SIRVA Worldwide, Inc. regarding financial support of SIRVA Relocation Holdings Limited, SIRVA Relocation (No. 1) Limited, SIRVA Relocation (No. 3) Limited and SIRVA Conveyancing Limited in
respect of financial year ended 31 December 2009. 

  

	35.	Letter of comfort provided by RS Acquisition Holding, LLC regarding financial support of SIRVA Finance Limited in respect of financial year ended 31 December 2009. 

 

	36.	Letter of comfort provided by SIRVA Worldwide, Inc. regarding financial support of SIRVA Relocation Holdings Limited, SIRVA Relocation (No. 1) Limited, and SIRVA Relocation (No. 3) Limited in respect of financial year
ended 31 December 2010. 

  
 4 

 Schedule 7.4(a) to Credit Agreement (Term) 

 

	37.	Letter of comfort provided by RS Acquisition Holding, LLC regarding financial support of SIRVA Finance Limited in respect of financial year ended 31 December 2010. 

 

	38.	Letter of comfort provided by North American International Holding Corporation in connection with Allied Moving Services (HK) Limited to SIRVA Relocation Limited and SIRVA Business Consulting (Shanghai) Co Limited.

  

	39.	Letter of comfort provided by North American International Holding Corporation in connection with SIRVA s.r.o. outstanding liability to ECOVIS blf s.r.o. 

 

	40.	Letter of comfort provided by North American International Holding Corporation in connection with Allied Moving Services (HK) Limited) to SIRVA Relocation Limited, SIRVA Real Estate (HK) Limited and SIRVA Business
Consulting (Shanghai) Co Limited. 

  
 5 

 Schedule 7.9(c) to Credit Agreement (Term) 

PERMITTED INVESTMENTS 
  

	1.	North American International Holding Corporation holds a 76% interest in A.L. Movers Private Ltd. (India). Allied Moving Services (S) Pte. Ltd. has also lent funds to this entity. As of December 31, 2012, this
Investment’s monetary value is $492,464. 

  

	2.	North American International Holding Corporation holds a 49% interest in Allied Relocation Services LLC (UAE). The monetary value of this Investment is $0. 

 

	3.	SIRVA Settlement, Inc. f/k/a SIRVA Title Agency, Inc. (Ohio) holds a 50% interest in National Settlement Management, LLC (Pennsylvania), which is in the process of being dissolved. The monetary value of this Investment
is $0. 

  

	4.	North American Intl Holding Corp holds a 76% interest in A.L. Records Management Private Ltd (India). The monetary value as of Dec 31, 2012 is $4,588 

 

	5.	Receivables under the Transguard Purchase Agreement. The monetary value of this Investment’s monetary value as of December 31, 2012 is $3,978,349. 

 

	6.	North American Van Lines, Inc. is the holder of a note to be paid GBP 3,490,860.54 from SIRVA Relocation (No. 1) Limited. 

  

	7.	North American Van Lines, Inc. is the holder of a note to be paid $572,587.7 from SIRVA, s.r.o. 

  

	8.	North American Van Lines, Inc. is the holder of a note to be paid AUD 500,000 from SIRVA Pty. Ltd. 

  

	9.	SIRVA Worldwide, Inc. is the holder of notes to be paid $364,500 in aggregate from Concept Mobility Servicos De Mobilidade LTDA. 

  

	10.	North American Van Lines, Inc. is the holder of a note to be paid HKD 440,597 Allied Moving Services (HK) Limited. 

  

	11.	Funds lent from SIRVA Worldwide, Inc. to SIRVA, Inc. pertaining to transaction fees and expenses as described below: 

  

	 	(a)	$6.546 million for transaction fees related to North American Van Lines acquisition. 

  

	 	(b)	$3.862 million for transaction fees related to Allied Van Lines acquisition. 

  

	 	(c)	$2.967 million for SIRVA related expenses incurred per section 8.7(a) of the Prepetition Credit Facility prior to 2003. 

  

	 	(d)	$0.812 million for SIRVA related expenses incurred per section 8.7(a) of the Prepetition Credit Facility in 2003. 

  

	 	(e)	$5.911 million LTD to pay taxes of SIRVA preferred stock owned by (Excel) NFC. 

  

	 	(f)	$1.356 million for expenses related to IPO occurring prior to 12/1/03. 

 Schedule 7.9(c) to Credit Agreement (Term) 

 

	 	(g)	$11.404 million to repurchase SIRVA stock and options from management investors since 11/19/1999. 

  

	 	(h)	$0.850 million to repurchase SIRVA stock and options from management investors prior to 11/19/1999. 

  

	 	(i)	$82.861 million for fees associated with public investigation incurred per section 8.7(a)(iv) of the Prepetition Credit Facility thru 9/30/07. 

 

	 	(j)	$10.419 million for Sarbanes-Oxley related costs incurred per section 8.7(a)(iv) of the Prepetition Credit Facility thru 9/30/07. 

  

	 	(k)	$5.035 million for interest on SIRVA Inc. convertible preferred notes incurred per section 8.7(g) of the Prepetition Credit Facility. 

 

	 	(l)	$35.440 million for other costs incurred per section 8.9(c) of the Exit Credit Facility thru 9/30/07. 

  

	 	(m)	$(107.908 million) write-down and adjustments of intercompany balance with SIRVA, Inc. on May 12, 2008 opening balance sheet. 

  

	 	(n)	$16.662 million for fees relating to the board of directors and corporate management between May 12, 2008 and December 31, 2010. 

 

	 	(o)	$3.645 million for other costs incurred per section 7.7 and section 7.9 of the March 17, 2011 Credit Facility thru 12/31/2012. 

  

	 	(p)	All other costs incurred per section 7.7 of the March 17, 2011 Credit Facility from December 31, 2012 thru effective date of this facility. 

 

	12.	Other Equity Interest (Various stocks and bonds obtained as settlement for unpaid trade receivables due from bankrupt entities): 

North American Van Lines 
  

					
	 CUSTOMER NAME
	  	SHARES	  	CUSIP NUMBER
	 Camex Energy Corp
	  	4	  	133657106
	 Continental Information Systems Corp
	  	76	  	21149710 2
	 Continental Information Systems Corp
	  	6	  	211497 10 2
	 Continental Information Systems Corp
	  	1	  	211497 10 2
	 Federated Department Stores/Macy’s
	  	399	  	556616P104
	 Federated Department Stores/Macy’s
	  	21.783	  	556616P104
	 Tetrahedron Associates Inc.
	  	173	  	881622 10 4
	 XO Holdings Inc.
	  	21	  	98417K10 6

  
 2 

 Schedule 7.11(iv) to Credit Agreement (Term) 

PERMITTED TRANSACTIONS WITH AFFILIATES 
  

	1.	Tax Sharing Agreement. 

  

	2.	Settlement Agreement, dated as of April 27, 2007, among SIRVA, Inc., Allied Van Lines, Inc., North American Van Lines, Inc., Global Van Lines, LLC., TFC, Inc., and Owner-Operator Independent Drivers Association,
Inc., et al. 

  

	3.	Amended and Restated Agreement, dated April 20, 2007, by and among North American International Holding Corporation, SIRVA Holdings Limited, Pierre Finance Nederland Renting BV, Allied Arthur Pierre NV, SIRVA
Worldwide, Inc., Transeuro Amertrans International Holdings BV, Smit Matrix BV and Zenic International Holdings Limited. 

  

	4.	Purchase Agreement, dated as of September 21, 2005 by and among SIRVA, Inc., SIRVA Worldwide, Inc., North American Van Lines, Inc., Allied Van Lines, Inc. and IAT Reinsurance Company Ltd. 

 

	5.	Subsidiaries of SIRVA Worldwide, Inc. have a receivables sale agreement with SIRVA Relocation Credit, LLC (“SRC”), which is an indirect wholly-owned subsidiary of SIRVA. SIRVA has a program to sell certain
receivables generated by SIRVA Relocation LLC (“SIRVA Relocation”), a relocation services subsidiary of SIRVA Worldwide, Inc., to an independent third-party financial institution. 

 

	6.	A subsidiary of SIRVA Worldwide, Inc. has an agreement with SIRVA Relocation Funding, LLC (“SRF”), which is an indirect wholly-owned subsidiary of SIRVA. Pursuant to the agreement, SIRVA Worldwide, Inc.
assigns the contract of sale for certain qualifying properties to SRF at the lesser of the current sales price as provided in the Multiple Listing Service or SIRVA Worldwide, Inc.‘s actual cost to acquire the property. 

 

	7.	A subsidiary of SIRVA Worldwide, Inc. has an agreement with SIRVA Mortgage whereby SIRVA Worldwide, Inc. collects a monthly management fee for expenses such as corporate office space rent, equipment rental, sales and
marketing, depreciation, amortization and management information systems costs 

  

	8.	SIRVA Worldwide, Inc. reimburses SIRVA Mortgage for estimated direct loan origination costs incurred as part of a loan program sponsored by SIRVA Relocation. 

 EXHIBIT A 

[FORM OF] 
 NOTE 

FOR THE PURPOSES OF SECTION 1272, 1273 AND 1275 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, THIS NOTE WAS ISSUED WITH ORIGINAL ISSUE DISCOUNT
(“OID”). BEGINNING NO LATER THAN [10 DAYS AFTER ISSUE DATE], THE LENDER MAY, UPON REQUEST, OBTAIN FROM THE BORROWER THE ISSUE PRICE, ISSUE DATE, AMOUNT OF OID AND YIELD TO MATURITY BY CONTACTING THE [CHIEF FINANCIAL OFFICER] OF THE
BORROWER AT [INSERT CONTACT INFORMATION]. 
  

			
	$[                    ]	  	New York, New York
		  	[                    ], 201[    ]

 FOR VALUE RECEIVED, the undersigned, SIRVA WORLDWIDE, INC., a Delaware corporation (the
“Borrower”), hereby unconditionally promises to pay to the order of [                    ] (the “Lender”) or
its successors and permitted assigns, at the office of Goldman Sachs Bank USA, located at 30 Hudson Street, 5th Floor, Jersey City, New Jersey 07302, in Dollars and in immediately available funds, the principal amount of the lesser of (a)
[                    ] Dollars
($[                    ]) and (b) the aggregate unpaid principal amount of the Loan made by the Lender to the undersigned pursuant to
subsection 2.1 of the Credit Agreement referred to below, which sum shall be payable in accordance with subsection 2.4(a) of the Credit Agreement. 

The Borrower further agrees to pay interest in Dollars at such office on the unpaid principal amount hereof from time to time at the
applicable rates and at the times provided in the Credit Agreement until such principal amount is paid in full (both before and after judgment). 

Unless and until an Assignment and Assumption effecting the assignment or transfer of the obligations evidenced hereby shall have been
accepted by Administrative Agent and recorded in the Register, the Borrower, each Agent and the Lenders shall be entitled to deem and treat the Lender as the owner and holder of this Note and the obligations evidenced hereby. 

The holder of this Note is authorized to endorse on the schedules annexed hereto and made a part hereof or on a continuation thereof which
shall be attached hereto and made a part hereof the date, Type and amount of each Loan made pursuant to the Credit Agreement and the date and amount of each payment or prepayment of principal thereof, each continuation thereof, each conversion of
all or a portion thereof to another Type and, in the case of Eurodollar Loans, the length of each Interest Period with respect thereto. Each such endorsement shall constitute prima facie evidence of the accuracy of the information endorsed. The
failure to make any such endorsement shall not affect the obligations of the Borrower in respect of such Loan. 

 This Note is one of the Notes referred to in, and is subject in all respects to, the Credit
Agreement, dated as of March 27, 2013 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, SIRVA, Inc., a Delaware corporation (“Holdings”),
the lenders from time to time party thereto (including the Lender, the “Lenders”), and Goldman Sachs Bank USA, as administrative agent for the Lenders and as collateral agent for the Secured Parties, and is secured and guaranteed as
provided in the Guarantee and Collateral Agreement and the other Loan Documents and is subject to optional and mandatory prepayment in whole or in part as provided in the Credit Agreement. Reference is hereby made to the Loan Documents for a
description of the properties and assets in which a security interest has been granted, the nature and extent of the security and the guarantees, the terms and conditions upon which the security interests and each guarantee were granted and the
rights of the holder of this Note in respect thereof. Each holder hereof, by its acceptance of this Note, agrees to the terms of, and to be bound by and observe the provisions applicable to the Lenders contained in, the Credit Agreement and the
other Loan Documents. Terms used but not defined herein shall have the meanings assigned to them in the Credit Agreement. 
 Upon the
occurrence of any one or more of the Events of Default specified in the Credit Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable, all as provided therein. 

All parties now and hereafter liable with respect to this Note, whether maker, principal, surety, guarantor, endorser or otherwise, hereby
waive, to the maximum extent permitted by applicable law, presentment, demand, protest and all notices of any kind under this Note. 

THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

[SIGNATURE PAGE FOLLOWS] 

 
			
	SIRVA WORLDWIDE, INC.
		
	By:	 	 
	Name:
	Title:

 SCHEDULE A TO NOTE 

LOANS, CONTINUATIONS, CONVERSIONS AND 

REPAYMENTS OF EURODOLLAR LOANS 
  

													
	 Date
	  	Amount of ABR
Loans	  	Amount of
Eurodollar Loans
Converted to ABR
Loans	  	Amount of
Principal of ABR
Loans Repaid	  	Amount of ABR
Loans Converted to
Eurodollar Loans	  	Unpaid Principal
Balance of ABR
Loans	  	Notation
Made by

 SCHEDULE B TO NOTE 

LOANS, CONVERSIONS AND 

REPAYMENTS OF ABR LOANS 
  

													
	 Date
	  	Amount of ABR
Loans	  	Amount of
Eurodollar Loans
Converted to ABR
Loans	  	Amount of
Principal of ABR
Loans Repaid	  	Amount of ABR
Loans Converted to
Eurodollar Loans	  	Unpaid Principal
Balance of ABR
Loans	  	Notation
Made by

 EXHIBIT B 

[FORM OF] 
 U.S. TAX COMPLIANCE
CERTIFICATE 
 Reference is made to the Loan(s) held by the undersigned,
                     (the “Non-U.S. Lender”), pursuant to the Credit Agreement, dated as of March 27, 2013 (as amended,
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among SIRVA Worldwide, Inc., a Delaware corporation, SIRVA, Inc., a Delaware corporation, the lenders from time to time party thereto (the
“Lenders”), and Goldman Sachs Bank USA, as administrative agent for the Lenders and as collateral agent for the Secured Parties. The Non-U.S. Lender is providing this Certificate pursuant to subsection 3.10(b)(Y)(ii) of the Credit
Agreement. The Non-U.S. Lender hereby certifies that: 
 (1) The undersigned, (a) if it is not treated as a partnership
for U.S. federal income tax purposes, is the sole record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is supplying this certificate, and (b) if it is treated as a partnership for
U.S. federal income tax purposes, is the sole record owner of the Loans in respect of which it is supplying this certificate, and its partners/members are the sole beneficial owners of such Loans. If the undersigned is a partnership, references to
“the Non-U.S. Lender” in the following paragraphs shall be deemed to apply instead to each of the undersigned’s partners/members; 

(2) The income from the Loan(s) held by the Non-U.S. Lender is not effectively connected with the conduct of a trade or
business within the United States; 
 (3) With respect to the extension of credit pursuant to the Credit Agreement or any
other Loan Document, the Non-U.S. Lender is not a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code; 

(4) The Non-U.S. Lender is not a 10-percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the
Code; and 
 (5) The Non-U.S. Lender is not a controlled foreign corporation receiving interest from a related person within
the meaning of Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished you with a certificate of our non-U.S. person status
on Internal Revenue Service Form W-8BEN or other applicable Internal Revenue Service Form. By executing this Certificate, the undersigned agrees that (1) if the information provided on this Certificate changes, the undersigned shall so inform
the Borrower (for the benefit of the Administrative Agent) in writing within 30 days of such change and (2) the undersigned shall furnish the Borrower (for the benefit of the Administrative Agent) a properly completed and currently effective
certificate in either the calendar year in which payment is to be made by the Borrower to the undersigned, or in either of the two calendar years preceding such payment. 

 Terms used but not defined herein shall have the meanings assigned to them in the Credit
Agreement. 
 [SIGNATURE PAGE FOLLOWS] 

 IN WITNESS WHEREOF, the undersigned has duly executed this Certificate as of the date written
below. 
  

			
	[NAME OF NON-U.S. LENDER]
		
	By:	 	 
	Name:	 	
	Title:	 	
	Address:	 	

 Date:
                     
  

 EXHIBIT C 

[FORM OF] 
 ASSIGNMENT AND
ASSUMPTION 
 This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below and is
entered into by and between [the][each]1 Assignor identified in item 1 below ([the][each, an] “Assignor”) and [the][each] Assignee identified in item 2 below ([the][each, an]
“Assignee”). [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees]2 hereunder are several and not joint.]3 Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (the “Credit Agreement”), receipt of a copy of which is
hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full.

 For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each]
Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative
Agent as contemplated below (i) all of [the Assignor’s][the respective Assignors’] rights and obligations in [its capacity as a Lender][their respective capacities as Lenders] under the Credit Agreement and any other documents or
instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of [the Assignor][the respective Assignors] under the respective facilities
identified below and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a Lender)][the respective Assignors (in their respective
capacities as Lenders)] against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way
based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant
to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an] “Assigned
Interest”). Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by [the][any] Assignor. 

 
  

	1 	For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a single Assignor, choose the first bracketed language. If the assignment is from multiple Assignors, choose
the second bracketed language. 

	2 	Select as appropriate. 

	3 	Include bracketed language if there are either multiple Assignors or multiple Assignees. 

	
	 1.      Assignor[s]:
                    

	
                         
     __________

	
	
	 2.      Assignee[s]:
                    

	
                         
     __________

	

 a. [Assignee is [a Lender][[Affiliate][Approved Fund] of [identify Lender]]] 

b. [Assignee is an Eligible Assignee (other than a Lender or an Affiliate or Approved Fund of a Lender)] 

c. [Assignee is an Affiliated Lender] 
  

	3.	Borrower: SIRVA WORLDWIDE, INC., a Delaware corporation 

  

	4.	Administrative Agent: GOLDMAN SACHS BANK USA 

 5. Credit
Agreement: Credit Agreement dated as of March 27, 2013, among the Borrower, SIRVA, Inc., a Delaware corporation, the lenders from time to time party thereto and GOLDMAN SACHS BANK USA, as Administrative Agent and Collateral Agent 

 

	6.	Assigned Interest[s]: 

  

																	
	 Assignor[s]4
	  	Assignee[s]5	  	Aggregate
Amount of
Commitment
for all Lenders6	 	  	Amount of
Commitment
Assigned	 	  	Percentage
Assigned of
Commitment7	 	 	CUSIP
Number
						
		  		  	$	                    	  	  	$	                    	  	  	 	                    	% 	 	
						
		  		  	$	                    	  	  	$	                    	  	  	 	                    	% 	 	
						
		  		  	$	                    	  	  	$	                    	  	  	 	                    	% 	 	

  

	7.	Notice and Wire Instructions: 

  

			
	[NAME OF ASSIGNOR]	  	[NAME OF ASSIGNEE]

  
  

	4 	List each Assignor, as appropriate. 

	5 	List each Assignee, as appropriate. 

	6 	Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date.

	7 	Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

							
	Notices:	 		  	Notices:	  	
				
		 	 	  		  	 
		 	 	  		  	 
		 	 	  		  	 
		 	Attention:	  		  	Attention:
		 	Telecopier:	  		  	Telecopier:
		
	with a copy to:	  	with a copy to:
				
		 	 	  		  	 
		 	 	  		  	 
		 	 	  		  	 
		 	Attention:	  		  	Attention:
		 	Telecopier:	  		  	Telecopier:
		
	Wire Instructions:	  	Wire Instructions:

 8. [The][Each] Assignee agrees to comply with the terms of the Credit Agreement, including, without limitation, subsection
3.10(b) of the Credit Agreement, and the delivery of the forms and/or information requested therein. 
  

	[9.	Trade Date:                         ]8

  

	10.	Effective Date:         , 20_ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

 [SIGNATURE PAGE FOLLOWS] 
 The
terms set forth in this Assignment and Assumption are hereby agreed to: 
  

			
	ASSIGNOR
	
	 [NAME OF ASSIGNOR]

		
	By:	 	 
	Name:	 	
	 Title:
	 	

  
  

	8 	To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the Trade Date. 

 
			
	 ASSIGNEE
	 	
	
	[NAME OF ASSIGNEE]
		
	By:	 	 
	Name:	 	
	 Title:
	 	

 [Consented to and]9 Accepted: 

 

			
	GOLDMAN SACHS BANK USA, as Administrative Agent
		
	By:	 	 
		 	Authorized Signatory

 [Consented to: 
  

			
	SIRVA WORLDWIDE, INC.
		
	By:	 	 
	Name:	 	
	Title:]10	 	

  
  

	9 	To be added unless assignment is to a Lender, an Affiliate of a Lender or an Approved Fund. 

	10 	To be added unless (1) an Event of Default described in subsection 8.1(a) or (f) of the Credit Agreement has occurred and is continuing at the time of such assignment or (2) assignment is to a Lender, an
Affiliate of a Lender or an Approved Fund. 

 ANNEX 1 TO ASSIGNMENT AND ASSUMPTION 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 
 1.
Representations and Warranties. 
 1.1 Assignor. [The][Each] Assignor (a) represents and warrants that (i) it is the
legal and beneficial owner of [the][[the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action
necessary, to execute and deliver this Assignment and Assumption and to consummate the transaction contemplated hereby and (iv) it is [not] a Defaulting Lender; and (b) assumes no responsibility with respect to (i) any statements,
warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral
thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries
or Affiliates or any other Person of any of their respective obligations under any Loan Document. 
 1.2 Assignee. [The][Each]
Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transaction contemplated hereby and to become a
Lender under the Credit Agreement, (ii) it meets all the requirements to be an assignee under Section 10.7(b) of the Credit Agreement (subject to such consents, if any, as may be required under Section 10.7(b) of the Credit
Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender
thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by [the][such] Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire [the][such] Assigned
Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to
Section 6.1 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest,
(vi) it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment
and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a Foreign Lender, attached hereto is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by
[the][such] Assignee; and (b) agrees that (i) it will, independently and without reliance upon the Administrative Agent, [the][any] Assignor 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 the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to
be performed by it as a Lender. 

 2. Payments. From and after the Effective Date, the Administrative Agent shall make all
payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to but excluding the Effective Date and to [the][the relevant]
Assignee for amounts which have accrued from and after the Effective Date. 
 3. General Provisions. This Assignment and Assumption
shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument.
Delivery of an executed counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be
governed by, and construed in accordance with, the law of the State of New York. 

 EXHIBIT D-1 

[FORM OF] 
 BORROWING NOTICE 

Date:                      

Pursuant to subsection 5(j) of the Credit Agreement, dated as of March 27, 2013 (as amended, restated, supplemented or otherwise modified
from time to time, the “Credit Agreement”), among SIRVA Worldwide, Inc., a Delaware corporation (the “Borrower”), SIRVA, Inc., a Delaware corporation (“Holdings”), the lenders from time to time
party thereto, and Goldman Sachs Bank USA, as administrative agent for the Lenders and as collateral agent for the Secured Parties, and in connection with the Borrowing requested in Annex A attached hereto, the Borrower hereby certifies that: 

(1) Each of the representations and warranties of the Borrower pursuant to the Credit Agreement and each of the other Loan Documents to which
the Borrower is a party or which are contained in any certificate furnished by or on behalf of the Borrower pursuant to the Credit Agreement or any other Loan Document are true and correct in all material respects (except that such materiality
qualifier shall not be applicable to any representations and warranties that are already qualified or modified by materiality in the text thereof) on and as of the date hereof with the same effect as if made on the date hereof, except for
representations and warranties expressly stated to relate to an earlier date, in which case such representations and warranties are true and correct in all material respects (except that such materiality qualifier shall not be applicable to any
representations and warranties that are already qualified or modified by materiality in the text thereof) on and as of such earlier date; and 

(2) No Default or Event of Default has occurred and is continuing as of the date hereof or immediately after giving effect to the Loans to be
made on the date hereof. 

 IN WITNESS WHEREOF, the Borrower has caused this Borrowing Notice to be duly executed and
delivered on its behalf as of the date first written above. 
  

			
	SIRVA WORLDWIDE, INC.
		
	By:	 	 
	Name:	 	
	Title:	 	

 ANNEX A TO BORROWING NOTICE 

[Letterhead of the Borrower] 

Date:                         
  
 Goldman Sachs Bank USA, as Administrative Agent 

c/o Goldman, Sachs & Co. 
 30 Hudson Street, 5th Floor

 Jersey City, New Jersey 07302 
 Attention: Michelle Latzoni

 Telephone No.: (212) 902-8517 
 Facsimile No.:
(646) 769-7700 
 To Whom It May Concern: 

Reference is made to the Credit Agreement, dated as of March 27, 2013 (as amended, restated, supplemented or otherwise modified from time
to time, the “Credit Agreement”), among SIRVA Worldwide, Inc., a Delaware corporation (the “Borrower”), SIRVA, Inc., a Delaware corporation, the lenders from time to time party thereto, and Goldman Sachs Bank USA,
as administrative agent for the Lenders and as collateral agent for the Secured Parties. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement. 

 

					
	 A.
	  	Type of Loan (if Eurodollar, the duration of the Interest Period):	  	[ABR] [Eurodollar and the Interest Period is:       ]
			
	 B.
	  	Date of Borrowing:	  	
			
	 C.
	  	Principal Amount of Borrowing:	  	
			
	 D.
	  	[ABR] [Eurodollar] Balance (including the Principal Amount of Borrowing in Item C above):	  	
			
	 E.
	  	Funds are requested to be disbursed to the Borrower at:	  	

 EXHIBIT D-2 

[FORM OF] 
 CONVERSION/CONTINUATION
NOTICE 
 Reference is made to the Credit Agreement, dated as of March 27, 2013 (as amended, restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”), among SIRVA Worldwide, Inc., a Delaware corporation (the “Borrower”), SIRVA, Inc., a Delaware corporation, the lenders from time to time party thereto, and
Goldman Sachs Bank USA, as administrative agent for the Lenders and as collateral agent for the Secured Parties. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement.

 Pursuant to subsection 3.2 of the Credit Agreement, the Borrower desires to convert or continue the following Loan(s), each such
conversion and/or continuation to be effective as of [            ], 20[    ]: 
  

					
		 	 $[            ]
	  	Eurodollar Loans1 to be converted to ABR Loans
			
		 	 $[            ]
	  	ABR Loans to be converted to Eurodollar Loans2 with Interest Period of [one] [two] [three] [six] [nine] [twelve]
month[s]3
			
		 	 $[            ]
	  	Eurodollar Loans4 to be continued with Interest Period of [one] [two] [three] [six] [nine] [twelve] month[s]5

 [SIGNATURE PAGE FOLLOWS] 
  

 

	1 	Eurodollar Loans may only be converted on the expiration of the applicable Interest Period unless the Borrower shall pay all breakage costs incurred in connection with such conversion. 

	2 	No Loan may be converted into a Eurodollar Loan (i) when any Default or Event of Default has occurred and is continuing and, in the case of any Event of Default, the Administrative Agent has given notice to the Borrower
that no such conversion may be made and (ii) after the date that is one month prior to the Termination Date. 

	3 	Nine and twelve month Interest Periods must be agreed to by all applicable Lenders. 

	4 	No Eurodollar Loan may be continued (i) when any Default or Event of Default has occurred and is continuing and, in the case of any Event of Default, the Administrative Agent has given notice to the Borrower that no
such conversion may be made and (ii) after the date that is one month prior to the Termination Date. 

	5 	Nine and twelve month Interest Periods must be agreed to by all applicable Lenders. 

 The Borrower hereby certifies that as of the date hereof, no event has occurred or is continuing
or would result from the consummation of the conversion and/or continuation contemplated hereby that would constitute an Event of Default. 
  

							
	Date: [           ], 201[_]	 		 	SIRVA WORLDWIDE, INC.,
				
		 		 	By:	 	 
		 		 	Name:
		 		 	Title:

 EXHIBIT E 

[FORM OF] 
 CLOSING CERTIFICATE

 Date: [            ], 201[    ] 

Pursuant to (i) subsection 5(f) of the Credit Agreement, dated as of March 27, 2013 (as amended, restated, supplemented or otherwise
modified from time to time, the “Term Credit Agreement”; terms used but not otherwise defined herein having the meanings assigned to them in the Term Credit Agreement), among SIRVA Worldwide, Inc., a Delaware corporation (the
“Borrower”), SIRVA, Inc., a Delaware corporation (“Holdings”), the lenders from time to time party thereto, and Goldman Sachs Bank USA, as administrative agent for the Lenders and as collateral agent for the Secured
Parties, and (ii) [subsection 3.1 of the ABL Credit Agreement, dated as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the “ABL Credit Agreement”) among Holdings, SIRVA
Worldwide, Inc. a Delaware corporation (“SWI”), North American Van Lines, Inc., a Delaware corporation (“NAVL”), SIRVA Relocation LLC, a Delaware limited liability company (“Relocation”), Allied Van
Lines, Inc., a Delaware corporation (together with SWI, NAVL and Relocation, each an “ABL Borrower” and collectively the “ABL Borrowers”), the lenders from time to time party thereto and Goldman Sachs Bank USA, as
administrative agent for the Lenders (as defined in the ABL Credit Agreement) and as collateral agent for the Secured Parties (as defined in the ABL Credit Agreement), the undersigned
[            ], the duly elected, appointed, qualified and acting [            ] of [NAME OF LOAN PARTY] (the
“Certifying Loan Party”), hereby certifies as follows: 
 (1) Each of the representations and warranties of the Certifying
Loan Party pursuant to the Term Credit Agreement or the ABL Credit Agreement, as applicable, and each of the Loan Documents (as defined in the Term Credit Agreement or the ABL Credit Agreement, as applicable) to which it is a party as of the date
hereof or which are contained in any certificate furnished by or on behalf of the Certifying Loan Party pursuant to any such Loan Documents are true and correct in all material respects on and as of the date hereof (except that such materiality
qualifier shall not be applicable to any representations and warranties that are already qualified or modified by materiality in the text thereof) with the same effect as if made on the date hereof, except for representations and warranties
expressly stated to relate to an earlier date, in which case such representations and warranties are true and correct in all material respects on and as of such earlier date. 

(2) [            ] is the duly elected or appointed, qualified and acting
[            ] of the Certifying Loan Party and the signature set forth for such officer below is such officer’s true and genuine signature. 

(3) No Default (as defined in the Term Credit Agreement or the ABL Credit Agreement, as applicable) or Event of Default (as defined in the
Term Credit Agreement or the ABL Credit Agreement, as applicable) under the Term Credit Agreement or the ABL Credit Agreement, as applicable, has occurred and is continuing as of the date hereof or immediately after giving effect to the Loans (as
defined in the Term Credit Agreement or the ABL Credit Agreement, as applicable) pursuant to the Term Credit Agreement and the ABL Credit Agreement, as applicable, to be made on the date hereof. 

 (4) Not more than
[            ] shares of Preferred Stock remain outstanding as of the Closing Date. 

The undersigned Secretary of the Certifying Loan Party certifies as follows: 

(5) Attached hereto as Annex 1 is a true, correct and complete copy of the resolutions duly adopted by the [Board of Directors] [Board of
Managers] [Sole Member] of the Certifying Loan Party on [            ]; such resolutions have not in any way been amended, restated, supplemented, annulled, revoked, rescinded or
otherwise modified, have been in full force and effect since their adoption to and including the date hereof, are now in full force and effect and are the only corporate proceedings of the Certifying Loan Party now in force relating to or affecting
the matters referred to therein. 
 (6) Attached hereto as Annex 2 is a true, correct and complete copy of the bylaws or operating agreement
(or other similar governing document serving the same purpose) of the Certifying Loan Party; such by-laws or operating agreement (or other similar governing document serving the same purpose) have not been amended, restated, supplemented, annulled,
revoked, rescinded or otherwise modified, have been in full force and effect since their adoption to and including the date hereof, are now in full force and effect. 

(7) Attached hereto as Annex 3 is a true, correct and complete copy of the certificate or articles of incorporation or formation (or other
similar governing document serving the same purpose) of the Certifying Loan Party (the “[Certificate] [Articles] of [Incorporation] [Formation]”) as in effect on the date hereof; as of the date hereof, no amendment, restatement, supplement
or other modification to such [Certificate] [Articles] of [Incorporation] [Formation] of the Certifying Loan Party has been filed by the Certifying Loan Party in the office of the Secretary of State of the State of
[            ] since the later of (i) the initial filing date referenced in such [Certificate] [Articles] of [Incorporation] [Formation] or (ii) the date of the most recent
certificate of amendment, restatement, amendment and restatement or correction, if any, included in such [Certificate] [Articles] of [Incorporation] [Formation]. No action has been taken by the Certifying Loan Party to dissolve, terminate, transfer
or withdraw its existence as a [            ] [corporation] [limited liability company]. 

(8) Attached as Annex 4 are the persons duly elected or appointed, qualified and acting officers of the Certifying Loan Party holding the
offices indicated next to their respective names, and the signatures appearing opposite their respective names are the true and genuine signatures of such officers, and each of such officers is duly authorized to execute and deliver on behalf of the
Certifying Loan Party each of the Loan Documents (as defined in the Term Credit Agreement or the ABL Credit Agreement, as applicable) to the Term Credit Agreement or ABL Credit Agreement, as applicable, to which it is a party and any certificate or
other document to be delivered by the Certifying Loan Party pursuant to such Loan Documents. 

 (9) Attached as Annex 5 is a true, correct and complete copy of the certificate of good standing
of the Certifying Loan Party issued by the Secretary of State of the State of [            ]. 

 IN WITNESS WHEREOF, I have hereunto set my hand as of the date first written above. 

 

			
	[NAME OF CERTIFYING LOAN PARTY]
		
	By:	 	  

	Name:
	Title:

 The undersigned, being the duly elected or appointed, qualified and acting
[            ] of the Certifying Loan Party, hereby certifies that [            ] is the duly elected or appointed,
qualified and acting [            ] of the Certifying Loan Party and that the foregoing signature appearing above [his/her] name is [his/her] genuine signature. 

IN WITNESS WHEREOF, I have hereunto set my hand on behalf of the aforementioned corporations as of the date first written above. 

 

			
	[NAME OF CERTIFYING LOAN PARTY]
		
	By:	 	  

	Name:
	Title:

 ANNEX 1 

[Resolutions] 

 ANNEX 2 

[By-Laws] [Operating Agreement] 

 ANNEX 3 

[Certificate] [Articles] of [Incorporation] [Formation] 

 ANNEX 4 
  

					
	 Name
	  	 Office
	  	 Signature

	 [            ]
	  	[            ]	  	  

	 [            ]
	  	[            ]	  	  

 ANNEX 5 

[Good Standing Certificate] 

 EXHIBIT F 

[FORM OF] 
 DISCOUNTED PREPAYMENT
OPTION NOTICE 
 Goldman Sachs Bank USA, as Administrative Agent 

c/o Goldman, Sachs & Co. 
 30 Hudson Street, 5th Floor

 Jersey City, New Jersey 07302 
 Attention: Michelle Latzoni

 Telephone No.: (212) 902-8517 
 Facsimile No.:
(646) 769-7700 
 [            ],
201[    ]                                   
          
 Ladies and Gentlemen: 

Reference is made to the Credit Agreement, dated as of March 27, 2013 (as amended, restated, supplemented or otherwise modified from time
to time, the “Credit Agreement”), among SIRVA Worldwide, Inc., a Delaware corporation (the “Borrower”), SIRVA, Inc., a Delaware corporation, the lenders from time to time party thereto, and Goldman Sachs Bank USA,
as administrative agent for the Lenders and as collateral agent for the Secured Parties. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement. 

The Borrower hereby gives notice that it desires to make a Discounted Voluntary Prepayment on the terms set forth in the Credit Agreement in
an aggregate principal amount and at the discount specified below: 
  

	 	•	 	Proposed Discounted Prepayment Amount:
$[                    ]1 

 

	 	•	 	Discount: not less than [      ]% nor greater than [    ]% of par of the principal amount of Loans (the “Discount Range”)

 The Borrower hereby invites each Lender to specify an Acceptable Price for a principal amount of Loans at which such Lender
is willing to receive a Discounted Voluntary Prepayment by submitting an offer via fax or email to the attention of [            ] at the Administrative Agent no later than
[    ] p.m., New York time, on [            ], 201[_] (the “Acceptance Date”)2. 

 
  

	1 	Amount not to be less than Loans having a par value of $20,000,000. 

	2 	Such date shall be at least five Business Days following the date of the Discounted Prepayment Option Notice. 

 This notice may be withdrawn only by written notice received by the Administrative Agent at any
time prior to the delivery of a Discounted Voluntary Prepayment Notice. 
 [SIGNATURE PAGE FOLLOWS] 

 
			
	 Very truly yours,

	
	 SIRVA WORLDWIDE, INC.

		
	 By:
	 	  

	 Name:

	 Title:

 EXHIBIT G 

[FORM OF] 
 LENDER PARTICIPATION
NOTICE 
 Goldman Sachs Bank USA, as Administrative Agent 
 c/o
Goldman, Sachs & Co. 
 30 Hudson Street, 5th Floor 

Jersey City, New Jersey 07302 
 Attention: Michelle Latzoni 

Telephone No.: (212) 902-8517 
 Facsimile No.:
(646) 769-7700 
 [            ],
201[_]                                     

Ladies and Gentlemen: 
 Reference is made to the
Credit Agreement, dated as of March 27, 2013 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among SIRVA Worldwide, Inc., a Delaware corporation (the
“Borrower”), SIRVA, Inc., a Delaware corporation, the lenders from time to time party thereto, and Goldman Sachs Bank USA, as administrative agent for the Lenders and as collateral agent for the Secured Parties. Capitalized terms
used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement. 
 The undersigned
Lender hereby gives notice that it is willing to permit the Discounted Voluntary Prepayment on the terms set forth in the Credit Agreement of the following principal amount of Loans held by such Lender at the Acceptable Price specified below next to
such principal amount: 
  

			
	 Aggregate Principal Amount of Loans Offered for Prepayment1
	  	Acceptable Price (within the Discount Range)
	 $[        ]
	  	[        ]%

 This notice may be withdrawn only by written notice received by the Administrative Agent at any time prior to
the delivery of a Discounted Voluntary Prepayment Notice. 
 [SIGNATURE PAGE FOLLOWS] 

  
  

	1 	Subject to rounding requirements specified by the Administrative Agent 

 
			
	 Very truly yours,

	
	 [NAME OF LENDER]

		
	 By:
	 	  

	 Name:

	 Title:

 EXHIBIT H 

[FORM OF] 
 DISCOUNTED VOLUNTARY
PREPAYMENT NOTICE 
 Goldman Sachs Bank USA, as Administrative Agent 

c/o Goldman, Sachs & Co. 
 30 Hudson Street, 5th Floor

 Jersey City, New Jersey 07302 
 Attention: Michelle Latzoni

 Telephone No.: (212) 902-8517 
 Facsimile No.:
(646) 769-7700 
 [            ],
201[_]                                     

Ladies and Gentlemen: 
 Reference is made to the
Credit Agreement, dated as of March 27, 2013 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among SIRVA Worldwide, Inc., a Delaware corporation (the
“Borrower”), SIRVA, Inc., a Delaware corporation, the lenders from time to time party thereto, and Goldman Sachs Bank USA, as administrative agent for the Lenders and as collateral agent for the Secured Parties. Capitalized terms
used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement. 
 The Borrower hereby
gives irrevocable notice of its intent to make a Discounted Voluntary Prepayment on [            ], 201[_], on the terms set forth in the Credit Agreement in an aggregate principal
amount and at the discount specified below: 
  

	 	•	 	Discounted Voluntary Prepayment: $[                    ] 

 

	 	•	 	Applicable Discount: [__]% 

  

	 	•	 	Effective Date: [                ] 

The undersigned acknowledges that by giving this notice it will be obligated to pay, on the Effective Date, to the applicable Lenders the Discounted Voluntary
Prepayment specified above, subject to the Applicable Discount on the applicable Loans, together with accrued interest (on the par principal amount) to but not including such date on the amount prepaid. 

[SIGNATURE PAGE FOLLOWS] 

 
			
	 Very truly yours,

	
	 SIRVA WORLDWIDE, INC.

		
	 By:
	 	  

	 Name:

	 Title:

 EXHIBIT I 

[FORM OF] 
 COMPLIANCE CERTIFICATE

 THE UNDERSIGNED HEREBY CERTIFIES AS FOLLOWS: 

1. I am the [                    ]1 of SIRVA Worldwide, Inc., a Delaware corporation (the “Borrower”). 
 2. I
have reviewed the terms of the Credit Agreement, dated as of March 27, 2013 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”, among the Borrower, SIRVA, Inc., a Delaware
corporation, the lenders from time to time party thereto, and Goldman Sachs Bank USA, as administrative agent for the Lenders and as collateral agent for the Secured Parties; the terms defined therein and not otherwise defined herein being used
herein as therein defined), and I have made, or have caused to be made under my supervision, a review in reasonable detail of the transactions and condition of the Borrower and its Subsidiaries during the accounting period covered by the attached
financial statements. 
 3. The examination described in paragraph 2 above did not disclose, and I have no knowledge of, the existence of an
Event of Default or Default that has occurred and is continuing at the end of the accounting period covered by the attached financial statements or as of the date of this Certificate, except as set forth in a separate attachment, if any, to this
Compliance Certificate, describing in detail, the nature of the condition or event, the period during which it has existed and the action which the Borrower has taken, is taking, or proposes to take with respect to each such condition or event. 

The foregoing certifications, together with the computations set forth in the Annex A hereto and the financial statements delivered with this
Compliance Certificate in support hereof, are made and delivered as of [            ], 201[_], pursuant to subsection 6.2(b) of the Credit Agreement. 

 

			
	 SIRVA WORLDWIDE, INC.

		
	 By:
	 	  

	 Name:

	 Title:

  

	1 	Compliance Certificate to be signed by a Responsible Officer of the Borrower. 

 ANNEX A TO COMPLIANCE CERTIFICATE20  

FOR THE FISCAL [QUARTER] [YEAR] ENDING [mm/dd/yy]. 

[To be conformed to final Credit Agreement] 
  

							
	1.        	 	Consolidated Cash Interest Expense: (i) – (ii)21 =	  	$[      ,      ,      ]
				
		 	    (i)	 	interest expense (accrued and paid or payable in cash for such period, and in any event excluding (a) any amortization or write off of financing costs, (b) any non-cash or deferred interest financing costs, (c) all
fees (including, without limitation, any agency fees and any cash management fees) and (d) any prepayment penalty related to the termination and/or payoff of the Existing Term Loan Credit Agreement) on Indebtedness of the Borrower and its
consolidated Subsidiaries for such period:	  	$[      ,      ,      ]
				
		 	(ii)	 	interest income (accrued and received or receivable in cash for such period) of the Borrower and its consolidated Subsidiaries for such period, in each case determined on a consolidated basis in accordance with GAAP:	  	$[      ,      ,      ]
			
	2.	 	Consolidated Indebtedness: (i) – (ii) =	  	$[      ,      ,      ]
				
		 	 (i)
  
	 	 at the date of determination thereof, the sum (without duplication) of:

 
 (a) Consolidated Long Term Debt:

 
 (b) Consolidated Short Term Debt:
	  	$[      ,      ,       ] 

$[      ,      ,      ]

				
		 	(ii)	 	the aggregate amount of cash and Cash Equivalents of such Person and its Subsidiaries as of such date not to exceed $20,000,000; provided that such cash and Cash Equivalents shall be Unrestricted Cash:	  	$[      ,      ,      ]
		 		 		  	

  

	20 	The description of the calculations set forth in this Compliance Certificate are sometimes abbreviated for simplicity, but are qualified in their entirety by reference to the full text of the calculations provided in
the Credit Agreement. 

	21 	In calculating Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters ended prior to the fiscal quarter ending December 31, 2013, the applicable calculation period shall be from
March 31, 2013 to the date of determination, and the amount of Consolidated Cash Interest Expense for such period shall be the aggregate amount of Consolidated Cash Interest Expense for such calculation period times (x) in the case of the
fiscal quarter ending March 31, 2013, four, (y) in the case of the fiscal quarter ending June 30, 2013, two and (z) in the case of the fiscal quarter ending September 30, 2013, 4/3. 

							
	3.        	 	EBITDA: (i) + (ii) – (iii) =	  	$[      ,      ,      ]
				
		 	    (i)	 	Consolidated Net Income for such period adjusted to exclude the following items (without duplication) ofincome or expense to the extent that such items areincluded in the calculation of Consolidated Net Income:	  	$[      ,      ,      ]
				
		 		 	(a) net interest expense:	  	$[      ,      ,      ]
				
		 		 	(b) total income tax expense:	  	$[      ,      ,      ]
				
		 		 	(c) depreciation expenses:	  	$[      ,      ,      ]
				
		 		 	(d) the expense associated with amortization of intangible and other assets (including amortization or other expenserecognition of any costs associated with asset write-ups inaccordance with APB Nos. 16 and 17):	  	$[      ,      ,      ]
				
		 		 	(e) income and/or loss from discontinued operations:	  	$[      ,      ,      ]
				
		 		 	(f) any gain or loss associated with the sale or write-down of assets not in the normal course of business, (it beingunderstood that sales of operating assets to Local Agents or Owner/Operators and sales of home inventory are in
thenormal course of business):	  	$[      ,      ,      ]
				
		 		 	(g) gains/losses from the extinguishment of liabilities (including any prepayment penalty related to thetermination and/or payoff of the Existing Term Loan Credit Agreement):	  	$[      ,      ,      ]
				
		 		 	(h) non-cash long-term asset impairment charges:	  	$[      ,      ,      ]
				
		 		 	(i) any nonrecurring or extraordinary expenses, gains orlosses:	  	$[      ,      ,      ]
				
		 		 	(j) gains/losses arising in connection with foreign exchangetransactions:	  	$[      ,      ,      ]
				
		 	    (ii)	 	without duplication and to the extent deducted in determining Consolidated Net Income for such period:	  	$[      ,      ,      ]
				
		 		 	(a) cash and non-cash fees (including legal fees and other similar advisory and consulting fees, administrative fees and working fees), charges, payments and expenses takenor paid in connection with the consummation of the
Transactions and, to the extent permitted hereunder, any permitted acquisition, Investment, disposition of property or assets, issuance of Capital Stock or Indebtedness issuance (in each case, whether or not consummated):	  	$[      ,      ,      ]

							
		 		 	(b) indemnification payments, fees and expense reimbursement paid to directors in the ordinary course of business:	  	$[      ,      ,      ]
				
		 		 	(c) all non-cash charges, expenses or losses:	  	$[      ,      ,      ]
				
		 		 	(d) proceeds from business interruption insurance:	  	$[      ,      ,      ]
				
		 		 	(e) expenses and charges which are actually reimbursed (pursuant to indemnity or otherwise):	  	$[      ,      ,      ]
				
		 		 	(f) net periodic benefit cost or income related to the SIRVA Employees’ Retirement Plan and the SIRVA Nonqualified Pension Plan:	  	$[      ,      ,      ]
				
		 	    (iii)	 	to the extent not already deducted in determining Consolidated Net Income for such period:	  	$[      ,      ,      ]
				
		 		 	the amount of any loan, advance or cash dividend made by the Borrower or any of its Subsidiaries to Holdings pursuant to subsection 7.7(a)(iv) of the Credit Agreement; provided that for the avoidance of doubt, regardless of
whether any Discounted Voluntary Prepayment pursuant to subsection 3.4(f) of the Credit Agreement or any other payment of Indebtedness is deemed to result in a non-cash gain, no such gain shall increase EBITDA:	  	$[      ,      ,      ]
			
	4.	 	Excess Cash Flow: (i) – (ii) +/- (iii) + (iv) =	  	$[      ,      ,      ]
				
		 		 	(i) EBITDA for such period:	  	$[      ,      ,      ]
				
		 		 	(ii) (a) the amounts for such period paid or payable in cash from internally generated cash for any Capital Expenditures during such period:	  	$[      ,      ,      ]
				
		 		 	(b) any principal payments (other than (i) voluntary principal payments of the Loans during such period pursuant to subsection 3.4(a) of the Credit Agreement and (ii) Discounted Voluntary Prepayments made during such
period pursuant to subsection 3.4(f) of the Credit Agreement) of the Loans:	  	$[      ,      ,      ]
				
		 		 	(c) the aggregate amount of cash used to make Discounted Voluntary Prepayments during such period pursuant to subsection 3.4(f) of the Credit Agreement:	  	$[      ,      ,      ]

									
		 		 	(d) any principal payments resulting in a permanent reduction of any other Indebtedness (excluding the Loans)of the Borrower or any of its Subsidiaries made during such period:	  	 	$[      ,      ,      ]	  
				
		 		 	(e) Consolidated Cash Interest Expense for such period,plus, without duplication, any cash fees for such periodexcluded from the definition of Consolidated Cash Interest Expense pursuant to clause (i)(c) of the definition
thereof:	  	 	$[      ,      ,      ]	  
				
		 		 	(f) any taxes paid or payable (including, for the avoidance of doubt, any amounts paid or payable under the Tax Sharing Agreement) in cash during such period:	  	 	$[      ,      ,      ]	  
				
		 		 	(g) the Net Cash Proceeds from any Asset Sale to the extent that such Net Cash Proceeds (i) (without duplication of clause (a) or (h) above) consist of any Reinvested Amount or are otherwise applied in accordance with
subsection 3.4(b) of the Credit Agreement and (ii) are included in the calculation of EBITDA:	  	 	$[      ,      ,      ]	  
				
		 		 	(h) (without duplication of clause (a) above) the amounts for such period paid in cash from internally generated cash for any Investment made in accordance with subsection 7.9(e), (g), (l), (o) or (q) of the Credit
Agreement:	  	 	$[      ,      ,      ]	  
				
		 		 	(i) (without duplication of clause (b) or (c) above) the proceeds of any Sale and Leaseback Transactions entered into by the Borrower or any of its Subsidiaries in accordance with subsection 7.12 of the Credit Agreement
during such period to the extent included in EBITDA:	  	 	$[      ,      ,      ]	  
				
		 		 	(j) to the extent not otherwise subtracted from EBITDA in this paragraph 4, any cash dividends, and other loans and advances, made during such period by the Borrower or any of its Subsidiaries to Holdings, so long as such dividends,
loans and advances are expressly permitted by clauses (a) through (g) of subsection 7.7 of the Credit Agreement:	  	 	$[      ,      ,      ]	  
				
		 		 	(k) to the extent not subtracted in the calculation of EBITDA, the amount of any cash contributions required bylaw to be made by the Borrower or any of its Subsidiaries to any Plan:	  	 	$[      ,      ,      ]	  

							
		 		 	(l) fees (including legal fees and other similar advisory and consulting fees, administrative fees and working fees), charges, payments and expenses paid or payable in cash during such period in connection with the consummation of
the Transactions and, to the extent permitted hereunder, any permitted acquisition, Investment, disposition of property or assets, issuance of Capital Stock or Indebtedness issuance (in each case, whether or not consummated):	  	$[      ,      ,      ]
				
		 		 	(m) indemnification payments, fees and expense reimbursement paid to directors in cash during such period in the ordinary course of business:	  	$[      ,      ,      ]
				
		 		 	(n) any prepayment penalty during such period related to the termination and/or payoff of the Existing Term Loan Credit Agreement:	  	$[      ,      ,      ]
				
		 	(iii)	 	 (a) any nonrecurring or extraordinary cash expenses, gains or losses during such period:

 
 (b) cash gains or losses arising in connection
with foreign exchange transactions during such period:
	  	$[      ,      ,       ] 

$[      ,      ,      ]

				
		 	(iv)	 	the Change in Consolidated Working Capital for such period:	  	$[      ,      ,      ]
			
	5.	 	Consolidated Interest Coverage Ratio: (i)/(ii) =	  	$[      ,      ,      ]
				
		 	(i)	 	EBITDA for such period:	  	$[      ,      ,      ]
				
		 	(ii)	 	 Consolidated Cash Interest Expense for such period:
  

Actual:
  

Required:
	  	$[      ,      ,       ] 

_.__:1.00
  

_.__:1.00

			
	6.	 	Consolidated Leverage Ratio: as of the last day of such period, (i)/(ii) =	  	$[      ,      ,      ]
				
		 	(i)	 	Consolidated Indebtedness on such day:	  	$[      ,      ,      ]
				
		 	(ii)	 	 EBITDA for the period of four full fiscal quarters ending on such date:

 
 Actual:

 
 Required:
	  	$[      ,      ,       ] 

_.__:1.00
  

_.__:1.00

							
	7.	 	Available Amount: (i) + (ii) + (iii) – (iv) =	  	$[      ,      ,      ]
		
	(i) Excess Cash Flow, commencing with the fiscal year ending December 31, 2013, that is not required to be applied to the prepayment of the Loans pursuant to subsection 3.4(c) of the Credit Agreement:	  	$[      ,      ,      ]
		
	(ii) the Net Cash Proceeds or Fair Market Value received after the Closing Date from the issuance and sale of Capital Stock (other than Disqualified Stock) or other cash contributions to the capital of the Borrower or
assets or property contributed to the Borrower:	  	$[      ,      ,      ]
		
	(iii) an amount equal to any returns in cash and cash equivalents (including dividends, interest, distributions, returns of principal, sale proceeds, repayments, income and similar amounts) actually received by the
Borrower or any Subsidiary in respect of any Investments pursuant to subsection 7.9(q) of the Credit Agreement; provided that in no case shall such amount exceed the amount of such Investment made using the Available Amount pursuant to subsection
7.9(q) of the Credit Agreement:	  	$[      ,      ,      ]
		
	(iv) the sum of the aggregate amount of (a) Investments made after the Closing Date using the Available Amount pursuant to subsection 7.9(q) of the Credit Agreement, (b) loans, advances and cash dividends made
after the Closing Date using the Available Amount pursuant to subsection 7.7(i) of the Credit Agreement, (c) any Capital Expenditures made using the Available Amount after the Closing Date pursuant to subsection 7.8 of the Credit Agreement, and
(d) any permitted acquisitions made using the Available Amount after the Closing Date subject to subsection 7.10(c)(iii) of the Credit Agreement:	  	$[      ,      ,      ]

 Appendix A 

Commitments 
  

					
	 Lender
	  	Commitment	 
	 Goldman Sachs Bank USA
	  	$	300,000,000	  

 Appendix B 

Competitors 
 None.

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