Document:

EX-10.27

 Exhibit 10.27 
 EXECUTION VERSION 
 AMENDED AND RESTATED

 ASSET PURCHASE AGREEMENT 
 DATED AS OF FEBRUARY 14, 2013 
 AMONG 

BAYSIDE SCHOOL SPECIALTY, LLC, 
 SCHOOL SPECIALTY, INC., 
 AND 

THE OTHER SELLERS NAMED HEREIN 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
		
	 ARTICLE 1 DEFINITIONS
	  	 	1	  
		
	 1.1 Certain Terms Defined
	  	 	1	  
	 1.2 Interpretation
	  	 	12	  
		
	 ARTICLE 2 PURCHASE AND SALE OF THE ACQUIRED ASSETS
	  	 	13	  
		
	 2.1 Purchase and Sale of Assets
	  	 	13	  
	 2.2 Excluded Assets
	  	 	15	  
	 2.3 Assumption of Liabilities
	  	 	16	  
	 2.4 Excluded Liabilities
	  	 	16	  
	 2.5 Real Property Lease and Contract Designation; Cure Costs
	  	 	19	  
		
	 ARTICLE 3 CONSIDERATION
	  	 	21	  
		
	 3.1 Purchase Price
	  	 	21	  
	 3.2 Allocation of Purchase Price
	  	 	22	  
	 3.3 Assignment to Subsidiaries of Purchaser
	  	 	22	  
		
	 ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF SELLERS
	  	 	23	  
		
	 4.1 Organization
	  	 	23	  
	 4.2 Subsidiaries and Investments
	  	 	23	  
	 4.3 Authorization of Agreement
	  	 	23	  
	 4.4 Conflicts; Consents of Third Parties
	  	 	23	  
	 4.5 Title to Acquired Assets
	  	 	24	  
	 4.6 Contracts
	  	 	24	  
	 4.7 Real Property
	  	 	26	  
	 4.8 Intellectual Property
	  	 	27	  
	 4.9 Taxes
	  	 	28	  
	 4.10 Collective Bargaining Agreements, Employment Agreements, etc.
	  	 	30	  
	 4.11 Employee Benefit Plans
	  	 	31	  
	 4.12 Environmental Matters
	  	 	32	  
	 4.13 Insurance
	  	 	32	  
	 4.14 Financial Statements
	  	 	33	  
	 4.15 No Brokers or Finders
	  	 	33	  
	 4.16 Affiliate Transactions
	  	 	34	  
	 4.17 Litigation; Proceedings
	  	 	34	  
	 4.18 Compliance with Laws
	  	 	34	  
	 4.19 Accounts Receivable
	  	 	34	  
	 4.20 Inventory
	  	 	35	  
	 4.21 Warranties Are Exclusive
	  	 	35	  
		
	 ARTICLE 5 REPRESENTATIONS AND WARRANTIES OF PURCHASER
	  	 	35	  
		
	 5.1 Organization
	  	 	35	  
	 5.2 Authorization and Validity
	  	 	35	  

  
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	 5.3 No Conflict or Violation
	  	 	35	  
	 5.4 Consents and Approvals
	  	 	36	  
	 5.5 No Brokers or Finders
	  	 	36	  
	 5.6 Financial Wherewithal
	  	 	36	  
	 5.7 Litigation; Proceedings
	  	 	36	  
	 5.8 As Is Transaction
	  	 	36	  
		
	 ARTICLE 6 COVENANTS AND OTHER AGREEMENTS
	  	 	37	  
		
	 6.1 Pre-Closing Covenants of Sellers
	  	 	37	  
	 6.2 Pre-Closing Covenants of Purchaser
	  	 	40	  
	 6.3 Antitrust Notification
	  	 	40	  
	 6.4 Transfer of Permits
	  	 	40	  
	 6.5 Employment Covenants and Other Undertakings
	  	 	41	  
	 6.6 Exclusivity
	  	 	43	  
	 6.7 Casualty
	  	 	44	  
	 6.8 Name Change
	  	 	44	  
	 6.9 Release of Claims
	  	 	44	  
	 6.10 Transition Services
	  	 	44	  
	 6.11 Alternate Transactions
	  	 	44	  
	 6.12 Post-Closing Access
	  	 	44	  
	 6.13 Purchaser Financing Cooperation
	  	 	45	  
		
	 ARTICLE 7 TAXES
	  	 	45	  
		
	 7.1 Tax Matters
	  	 	45	  
	 7.2 Waiver of Bulk Sales Laws
	  	 	46	  
		
	 ARTICLE 8 BANKRUPTCY COURT MATTERS
	  	 	47	  
		
	 8.1 Sale Motion
	  	 	47	  
	 8.2 Sale Order
	  	 	47	  
	 8.3 Procedure
	  	 	47	  
	 8.4 Purchaser Protections
	  	 	47	  
		
	 ARTICLE 9 CONDITIONS PRECEDENT TO PERFORMANCE BY THE PARTIES
	  	 	48	  
		
	 9.1 Conditions Precedent to Performance by Sellers
	  	 	48	  
	 9.2 Conditions Precedent to the Performance by Purchaser
	  	 	49	  
		
	 ARTICLE 10 CLOSING AND DELIVERIES
	  	 	50	  
		
	 10.1 Closing
	  	 	50	  
	 10.2 Sellers’ Deliveries
	  	 	50	  
	 10.3 Purchaser’s Deliveries
	  	 	51	  
		
	 ARTICLE 11 TERMINATION
	  	 	51	  
		
	 11.1 Conditions of Termination
	  	 	51	  
	 11.2 Effect of Termination
	  	 	53	  
	 11.3 Expense Reimbursement
	  	 	53	  

  
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	 ARTICLE 12 MISCELLANEOUS
	  	 	53	  
		
	 12.1 Survival
	  	 	53	  
	 12.2 Further Assurances
	  	 	54	  
	 12.3 Successors and Assigns
	  	 	54	  
	 12.4 Governing Law; Jurisdiction
	  	 	54	  
	 12.5 Expenses
	  	 	54	  
	 12.6 Severability
	  	 	54	  
	 12.7 Notices
	  	 	55	  
	 12.8 Amendments; Waivers
	  	 	56	  
	 12.9 Entire Agreement
	  	 	56	  
	 12.10 Sellers Disclosures
	  	 	56	  
	 12.11 Headings
	  	 	56	  
	 12.12 Electronic Delivery; Counterparts
	  	 	56	  
	 12.13 Waiver of Jury Trial
	  	 	57	  
	 12.14 Third Party Beneficiaries
	  	 	57	  
	 12.15 Specific Performance
	  	 	57	  

 EXHIBITS 
  

			
	 Exhibit A
	 	Form of Assignment and Assumption Agreement
	 Exhibit B
	 	Form of Sale Order
	 Exhibit C
	 	Form of Bidding Procedures Order
	 Exhibit D
	 	Form of Bill of Sale

 SCHEDULES 
  

			
	 Schedule 1.1(a)
	 	Excluded Contracts
	 Schedule 2.2(g)
	 	Other Excluded Assets
	 Schedule 2.4(a)(xxii)
	 	Other Excluded Liabilities
	 Schedule 2.5(a)
	 	Contract & Cure Schedule
	 Schedule 4.2
	 	Subsidiaries
	 Schedule 4.4(a)
	 	Conflicts
	 Schedule 4.4(b)
	 	Consents of Third Parties
	 Schedule 4.5
	 	Title to Acquired Assets
	 Schedule 4.6
	 	Contracts
	 Schedule 4.7(a)
	 	Real Property
	 Schedule 4.7(b)
	 	Threatened Condemnation of Real Property
	 Schedule 4.7(d)
	 	Real Property Security Deposits
	 Schedule 4.8(a)
	 	Intellectual Property
	 Schedule 4.8(b)
	 	License Agreements
	 Schedule 4.8(e)
	 	Infringement
	 Schedule 4.9(c)
	 	Tax Returns
	 Schedule 4.9(g)
	 	Included Income and Excluded Deductions

  
 iii

			
	 Schedule 4.10(a)
	 	Collective Bargaining Agreements and Employment Agreements
	 Schedule 4.10(b)
	 	NLRB Matters
	 Schedule 4.10(c)
	 	Employment-Related Violations
	 Schedule 4.10(d)
	 	Employees
	 Schedule 4.11(a)
	 	Employee Benefit Plans
	 Schedule 4.11(b)
	 	Multiemployer Plans
	 Schedule 4.11(g)
	 	COBRA
	 Schedule 4.11(h)
	 	Benefits for Former Employees
	 Schedule 4.12
	 	Environmental Matters
	 Schedule 4.13
	 	Insurance
	 Schedule 4.15
	 	Brokers or Finders
	 Schedule 4.16
	 	Affiliate Transactions
	 Schedule 4.17
	 	Litigation; Proceedings
	 Schedule 9.2(j)
	 	Consents

  
 iv 

 AMENDED AND RESTATED ASSET PURCHASE AGREEMENT 

THIS AMENDED AND RESTATED ASSET PURCHASE AGREEMENT (this “Agreement”), dated as of February 14, 2013 (the
“Execution Date”), is made by and among (i) Bayside School Specialty, LLC, a Delaware limited liability company (“Purchaser”), and (ii) School Specialty, Inc., a Wisconsin corporation
(“SS”) and each of its Subsidiaries listed on the signature pages of this Agreement (together with SS, each a “Seller” and collectively, “Sellers”). 

RECITALS 

WHEREAS, on January 28, 2013, Purchaser and Sellers entered into an asset purchase agreement (the “Original Asset Purchase
Agreement”); 
 WHEREAS, this Agreement amends, restates, and supersedes, in its entirety, the Original Asset Purchase
Agreement; 
 WHEREAS, on January 28, 2013 (the “Petition Date”), Sellers filed voluntary petitions for
reorganization relief (the “Bankruptcy Cases”) with the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) pursuant to Chapter 11 of Title 11 of the United States Code, 11 U.S.C.
§§ 101 et seq. (the “Bankruptcy Code”); 
 WHEREAS, Sellers desire to sell,
transfer and assign to Purchaser, and Purchaser desires to acquire and assume from Sellers, pursuant to Sections 105, 363 and 365 of the Bankruptcy Code, the Acquired Assets and the Assumed Liabilities as more specifically provided herein;

 WHEREAS, the board of directors, board of managers or applicable governing body of each Seller has determined that it is
advisable and in the best interests of their respective estates and the beneficiaries of such estates to consummate the transactions provided for herein pursuant to the Bidding Procedures Order and the Sale Order and has approved this Agreement; and

 WHEREAS, the transactions contemplated by this Agreement are subject to the approval of the Bankruptcy Court and will be
consummated only pursuant to the Sale Order to be entered in the Bankruptcy Cases. 
 NOW, THEREFORE, in consideration of the
foregoing and their respective representations, warranties, covenants and agreements herein contained, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby,
Sellers and Purchaser hereby agree as follows: 
 ARTICLE 1 

DEFINITIONS 
 1.1 Certain Terms Defined. As used in this Agreement, the following terms have the following meanings: 
 “ABL Credit Agreements” means (a) the Debtor-In-Possession Credit Facility, dated as of January 31, 2013, by and among the borrowers and guarantors named therein, Wells Fargo
Capital Finance, LLC, as agent, and the lenders party thereto from time to time, as amended from time to time (the “ABL DIP Credit Agreement”) and (b) the Existing Loan Agreement (as defined in the ABL DIP Credit Agreement).

 “ABL Credit Parties” means all Agents and all lenders party to the ABL
Credit Agreements. 
 “Acquired Assets” are those assets described in Section 2.1. 

“Affiliate” means, with respect to any Person, any other Person that, directly or indirectly, through one or more
intermediaries, controls, is controlled by, or is under common control with, such Person, and the term “control” (including the terms “controlled by” and “under common control with”) means the possession, directly or
indirectly, of the power to direct the management and policies of such Person, whether through ownership of voting securities, by contract or otherwise. 
 “Agreement” has the meaning set forth in the Preamble. 

“Allocation Statement” has the meaning set forth in Section 3.2. 

“Alternate Transaction” means a transaction or series of related transactions pursuant to which Sellers (a) accept
a bid, other than that of Purchaser, as the highest or best offer in the Auction or (b) sell, transfer, lease or otherwise dispose of, directly or indirectly, including through an asset sale, stock sale, merger, reorganization, or bankruptcy
plan of reorganization or liquidation, or other similar transaction (by Sellers or otherwise), including a Court-approved stand-alone plan of reorganization or refinancing, all or substantially all of the Acquired Assets (or agrees to do any of the
foregoing) to a party or parties other than Purchaser. 
 “Ancillary Agreement” means any agreement, document
or instrument (other than this Agreement) that any Seller or Purchaser, as applicable, enters into or delivers in connection with the consummation of the transactions contemplated hereby. 

“Assigned Contract” means any Purchased Contract, other than the Excluded Contracts. 

“Assignment and Assumption Agreement” means the Assignment and Assumption Agreement in substantially the form annexed
hereto as Exhibit A evidencing the assignment to and assumption by Purchaser of all rights and obligations under the Assigned Contracts. 
 “Assumed Liabilities” has the meaning set forth in Section 2.3. 
 “Assumed Plans” has the meaning set forth in Section 6.5(g). 
 “Assumption Order” means an order of the Bankruptcy Court authorizing the assumption or the assumption and assignment of a Contract pursuant to Section 365 of the Bankruptcy Code.

 “Avoidance Action” means any claim, right or cause of action of Sellers arising under sections 544 through
553 of the Bankruptcy Code. 

  
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 “Auction” means the auction for the sale of Sellers’ assets conducted
by Sellers if, and only if, any Qualified Bid is received pursuant to the Bidding Procedures Order. 
 “Bankruptcy
Cases” has the meaning set forth in the Recitals. 
 “Bankruptcy Code” has the meaning set forth in
the Recitals. 
 “Bankruptcy Court” has the meaning set forth in the Recitals. 

“Bidding Procedures Order” means an order, in all material respects in the form of Exhibit C, issued by the
Bankruptcy Court that, among other things, establishes procedures for an auction process to solicit competing bids and authorizes payment of the Expense Reimbursement in accordance with the terms and subject to the conditions in such order.

 “Bill of Sale” means the Bill of Sale in all material respects in the form of Exhibit D conveying to
Purchaser title to all of the Acquired Assets. 
 “Budget” means the Approved Budget as defined in the DIP
Credit Agreement and as provided to the administrative agent pursuant to the DIP Credit Agreement and attached thereto as an exhibit. 
 “Business” means Sellers’ business of providing instructional solutions that address a broad spectrum of educational needs, including basic school supplies, supplemental learning
products, classroom equipment and furniture, and standards-based curriculum solutions. 
 “Business Day” means
any day other than Saturday, Sunday and any day that is a legal holiday or a day on which banking institutions in New York are authorized by Law or other governmental action to close. 

“CERCLA” means the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended (42 U.S.C.
§ 9601 et seq.), and any regulations promulgated thereunder. 
 “Claim” has the meaning
ascribed by Bankruptcy Code § 101(5), including all rights, claims, causes of action, defenses, debts, demands, damages, offset rights, setoff rights, recoupment rights, obligations, and liabilities of any kind or nature under contract, at
Law or in equity, known or unknown, contingent or matured, liquidated or unliquidated, and all rights and remedies with respect thereto. 
 “Closing” has the meaning set forth in Section 10.1. 

“Closing Date” has the meaning set forth in Section 10.1. 

“COBRA” means the Consolidated Omnibus Budget Reconciliation Act of 1985. 

“Code” means the Internal Revenue Code of 1986, as amended, and the regulations issued thereunder. 

  
 3 

 “Contract” means any agreement, contract, lease, sublease, purchase order,
arrangement, license, commitment or other binding arrangement or understanding, whether written or oral, and any amendments, modifications or supplements thereto, including, for the avoidance of doubt, any Real Property Lease and any customer
agreement or contract. 
 “Contract & Cure Schedule” has the meaning set forth in
Section 2.5(a). 
 “Contract Notice” has the meaning set forth in Section 2.5(c).

 “Copyrights” means any non-United States or United States copyright registrations and applications for
registration thereof, and any nonregistered copyrights, including copyrights in compilations, collective works and all content and information contained on any website and “mask works” (as defined under 17 U.S.C. § 901) and any
registrations and applications for “mask works.” 
 “Credit Bid Amount” has the meaning set forth in
Section 3.1(a). 
 “Cure Cost” means any amounts required by Section 365(b)(1) of the
Bankruptcy Code under any applicable Designated Contract. 
 “Designated Contracts” means all Contracts set
forth on the Contract & Cure Schedule. 
 “Designation Deadline” means 5:00 p.m., New York time, on
the date that is 120 days after the Petition Date (or if such date is not a Business Day, the last Business Day immediately prior thereto), or such later date to which Purchaser and Sellers shall mutually agree and as the Bankruptcy Court may
authorize. 
 “Designee” has the meaning set forth in Section 3.3. 

“DIP Credit Agreement” means that certain Senior Secured Super Priority Debtor-In-Possession Credit Agreement dated as
of January 31, 2013 among School Specialty, Inc., Classroomdirect.Com, LLC, Delta Education, LLC, Sportime, LLC, Childcraft Education Corp., Bird-In-Hand Woodworks, Inc., Califone International, Inc., and Premier Agendas, Inc., as Borrowers,
Select Agendas, Corp., Frey Scientific, Inc., and Sax Arts & Crafts, Inc., as Guarantors, the Lenders, as defined therein, and Bayside Finance, LLC, as Administrative Agent and as Collateral Agent. 

“DIP Obligations” means all Indebtedness as of the Closing outstanding under the DIP Credit Agreement. 

“DIP Orders” means the interim and final orders of the Bankruptcy Court approving Sellers’ entry into the DIP
Credit Agreement. 
 “Documents” means all files, documents, instruments, papers, books, reports, records,
tapes, microfilms, photographs, letters, budgets, forecasts, ledgers, journals, title policies, customer lists, regulatory filings, operating data and plans, technical documentation (including design specifications, functional requirements,
operating instructions, logic manuals and flow 

  
 4 

 
charts), user documentation (including installation guides, user manuals, training materials, release notes and working papers), marketing documentation (including sales brochures, flyers,
pamphlets, Internet Web pages and any Internet Web page content), cost and pricing information, business plans, quality control records and procedures, blueprints, accounting and tax files, customer files and documents (including credit
information), personnel files for employees, supplier lists, records, literature and correspondence, including materials relating to inventories, services, marketing, advertising, promotional materials, documents evidencing or constituting
Intellectual Property, and other similar materials to the extent related to, used in, or held for use in, the Business or the Acquired Assets, in each case whether or not in electronic form, whether or not physically located on any of the Leased
Real Property or the Owned Real Property, but excluding (a) personnel files for Employees who are not hired by Purchaser as of the Closing Date (except records necessary for Purchaser to provide COBRA coverage if required by Law) and
(b) any materials exclusively related to any Excluded Assets. 
 “Electronic Delivery” has the meaning set
forth in Section 12.12. 
 “Employee” means any employee of Sellers as of the Closing Date.

 “Employee Benefit Plans” has the meaning set forth in Section 4.11(a). 

“Encumbrances” means, to the extent not considered a Lien, any security interest, lien, collateral assignment, right of
setoff, debt, pledge, levy, charge, encumbrance, option, right of first refusal, restriction (whether on transfer, disposition or otherwise), other similar agreement terms tending to limit any right or privilege of any Seller under any Contract,
conditional sale contract, title retention contract, mortgage, lease, deed of trust, hypothecation, indenture, security agreement, easement, license, servitude, proxy, voting trust, transfer restriction under any shareholder or similar agreement, or
any other agreement, arrangement, contract, commitment or binding obligation of any kind whatsoever, whether written or oral, or imposed by any Law, equity or otherwise. 
 “Environmental Laws” has the meaning set forth in Section 4.12. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 
 “ERISA Affiliates” has the meaning set forth in Section 4.11(a). 
 “Excluded Assets” has the meaning set forth in Section 2.2. 
 “Excluded Contracts” means (a) the Contracts set forth on Schedule 1.1(a) as updated pursuant to Section 2.5 and (b) Contracts relating to the Excluded Assets
and the Excluded Liabilities. 
 “Excluded Environmental Liabilities” means any Liability or other
investigatory, corrective or remedial obligation, whenever arising or occurring, arising under Environmental Laws with respect to Sellers, the Business, the Acquired Assets, the Facilities or the Leased Properties (including any arising from the
on-site or off-site Release, threatened Release, treatment, storage, transportation, processing, disposal, or arrangement for disposal of Hazardous 

  
 5 

 
Materials) whether or not constituting a breach of any representation or warranty herein and whether or not set forth on any schedule attached hereto, but only to the extent related to
pre-Closing conditions. 
 “Excluded Liabilities” has the meaning set forth in Section 2.4.

 “Execution Date” has the meaning set forth in the Preamble. 

“Expense Reimbursement” means the reasonable out-of-pocket costs, fees and expenses (including legal, financial
advisory, accounting and other similar costs, fees and expenses) incurred by Purchaser or its Affiliates (other than Sellers) in connection with the negotiation, documentation and implementation of this Agreement and the transactions contemplated
hereby and all proceedings incident thereto; provided, that under no circumstances shall the amount of the Expense Reimbursement exceed $1,000,000 in the aggregate. 
 “Facilities” means all facilities owned or leased by the Sellers at which the Business is conducted including all Leased Real Property and Owned Real Property. 

“FF&E” means all equipment, machinery, fixtures, furniture and other tangible property owned by Sellers (unless sold
to any third party in the ordinary course of business and not in violation of this Agreement), located at any of the Facilities, stored in any offsite location or used, held for use or useful in the operation of the Business or the Acquired Assets
(including all such property that is damaged), including all work in process, raw materials, inventory, stores and supplies, tools, finished products, spare parts, packaging and shipping containers, and other materials. 

“Furnished Reports” has the meaning set forth in Section 4.14(a). 

“GAAP” has the meaning set forth in Section 4.14(b). 

“Governmental Authority” means any U.S. or foreign, federal, state or local, court, tribunal, governmental department,
agency, board or commission, regulatory, taxing or supervisory authority, or other administrative, governmental or quasi-governmental body, subdivision or instrumentality. 
 “Hazardous Materials” shall mean (a) any petroleum products or byproducts, radioactive materials, friable asbestos or polychlorinated biphenyls or (b) any waste, material, or
substance defined as a “hazardous substance,” “hazardous material,” or “hazardous waste” or “pollutant” or otherwise subject to regulation, investigation, control or remediation under any applicable
Environmental Law. 
 “HSR Act” means the Hart-Scott-Rodino Antitrust Improvements Act of 1976. 

“Improvements” means, with respect to any Real Property, all buildings, fixtures, structures, systems, facilities,
easements, rights-of-way, privileges, improvements, licenses, hereditaments, appurtenances and all other rights and benefits belonging, or in any way related, to such Real Property. 

  
 6 

 “Indebtedness” with respect to any Person means any obligation of such
Person for borrowed money, and in any event shall include (a) any obligation of such Person incurred for all or any part of the purchase price of property or other assets or for the cost of property or other assets constructed or of
improvements thereto, other than accounts payable included in current liabilities and incurred in respect of property purchased in the ordinary course of business, (b) the face amount of all letters of credit issued for the account of such
Person, (c) obligations of such Person secured by Liens or Encumbrances, (d) capitalized lease obligations of such Person, (e) all guarantees and similar obligations of such Person, (f) all accrued interest, fees and charges in
respect of any indebtedness of such Person and (g) all prepayment premiums and penalties, and any other fees, expenses, indemnities and other amounts payable as a result of the prepayment or discharge of any indebtedness of such Person.

 “Intellectual Property” means all rights of Sellers in and to: (a) Trademarks; (b) Patents;
(c) Copyrights; (d) Software; (e) rights of publicity and privacy relating to the use of the names, likenesses, voices, signatures and biographical information of real persons; (f) inventions (whether or not patentable),
discoveries, improvements, know-how, formulae, methodologies, business methods, processes, technology, drawings, specifications and data, and applications, registrations or grants in any jurisdiction pertaining to the foregoing, including re-issues,
continuations, divisions, continuations-in-part, reexaminations, renewals and extensions; (g) Internet websites, web pages, domain names and applications and registrations pertaining thereto and all intellectual property used in connection with
or contained in websites; (h) trade secrets, inventions and confidential business information (including ideas, research and development, know-how, formulas, compositions, manufacturing and production processes and techniques, technical data,
designs, drawings, specifications, customer and supplier lists, pricing and cost information, business and marketing plans and proposals, assembly, test, installation, technical, operating and service and maintenance manuals and data, hardware
reference manuals and engineering, programming, service and maintenance notes and logs), (j) any and all other intellectual property and proprietary rights; (k) all rights under agreements relating to the foregoing; (l) all books and
records pertaining to the foregoing; (m) all claims or causes of action arising out of or related to past, present or future infringement or misappropriation of the foregoing and (n) goodwill related to all of the foregoing. 

“Interest” means “interest” as that term is used in Bankruptcy Code Section 363(f). 

“Inventory” means all raw materials, work-in-process, inventory, supplies, finished goods and goods in transit,
packaging materials and other consumables of Sellers, including inventory (i) in the possession of the Company or (ii) that is to be delivered by the vendor of such inventory to Sellers pursuant to an order made by or on behalf of Sellers
prior to the Closing, but in each case excluding inventory, supplies, finished goods and goods in transit of the Company that are (x) damaged or otherwise designated as “return to vendor” or (y) designated to be sold as part of a
bulk sale. 
 “IP Licenses” has the meaning set forth in Section 4.6(a)(xiii). 

“IRS” means the U.S. Internal Revenue Service. 

  
 7 

 “Law” means any law, statute, ordinance, regulation, rule, code or rule of
common law or otherwise of, or any order, judgment, injunction or decree issued, promulgated, enforced or entered by, any Governmental Authority. 
 “Leased Real Property” means all Real Property leased, subleased or licensed by Sellers, as lessee, sublessee or licensee, all of which are identified on Schedule 4.7(a).

 “Liability” means any liability or obligation (whether known or unknown, whether asserted or unasserted,
whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due and regardless of when asserted), including any liability for Taxes. 

“License Agreements” has the meaning set forth in Section 4.8(b). 

“Lien” has the meaning given to that term in the Bankruptcy Code. 

“Material Adverse Effect” means a state of facts, event, change or effect with respect to the Business, the Acquired
Assets or the Assumed Liabilities that results in or would reasonably be expected to result in a material adverse effect on the results of operations or condition (financial or otherwise) of the Sellers, the Acquired Assets and the Business, taken
as a whole, but excludes any state of facts, event, change or effect relating to (a) changes or conditions affecting the industries in which Sellers operate generally; (b) changes in economic, regulatory or political conditions generally;
(c) changes in financial, banking or securities markets; (d) changes in applicable Law or GAAP or interpretations thereof; (e) any act of war, terrorism or armed conflict; (f) the public announcement, pendency or completion of
the transactions contemplated by this Agreement and (g) the filing of the Bankruptcy Cases and the effect thereof; provided, in each of clauses (a) through (e), that any such change does not have a disproportionate effect on the
Acquired Assets and the Business taken as a whole. 
 “Material Contracts” has the meaning set forth in
Section 4.6(b). 
 “Non-Assignable Contracts” has the meaning set forth in
Section 2.5(f). 
 “Orders” means the Sale Order and the Bidding Procedures Order. 

“Original Asset Purchase Agreement” has the meaning set forth in the Recitals. 

“Owned Intellectual Property” has the meaning set forth in Section 4.8(d). 

“Owned Real Property” has the meaning set forth in Section 4.7(a). 

“Patents” means all patents, patent applications and non-United States counterparts thereof, and industrial designs
(including any continuations, divisionals, continuations-in-part, renewals, reissues, and applications for any of the foregoing). 
 “Permits” means all certificates of occupancy or other certificates, permits, authorizations, filings, approvals and licenses possessed by Sellers, or through which Sellers have rights,
that are used, useable or useful in the operation of the Business or the use or enjoyment or benefit of the Acquired Assets. 

  
 8 

 “Permitted Lien” means: (a) Liens and Encumbrances for Taxes not yet
due and payable or which are being contested in good faith by appropriate proceedings and for which adequate reserves with respect thereto are maintained on the books of Sellers; (b) statutory liens of carriers, warehousemen, mechanics,
repairmen, workmen, suppliers or materialmen imposed by Law and arising in the ordinary course of business that are not delinquent and that do not, individually or in the aggregate, materially affect the ownership, lease, value or use of the
affected asset or of the Acquired Assets as a whole; (c) pledges or deposits in connection with workers’ compensation, unemployment insurance and other social-security Laws; (d) with respect to Real Property, any Lien or Encumbrance
which a reputable title insurance company would be willing to omit as an exception, or affirmatively insure, in its title insurance policy for the applicable parcel of Real Property; (e) with respect to Real Property, any condition that may be
shown by a current and accurate survey, or that would be apparent as part of a physical inspection, of the applicable parcel of Real Property, in each case which does not materially adversely interfere with the present use of the parcel of Real
Property it affects; (f) Liens and Encumbrances that will be released prior to or as of Closing; (g) with respect to leased or licensed property (including the Leased Real Property), the terms and conditions of the lease or license
applicable thereto to the extent constituting a Purchased Contract; (h) all defects, exceptions, restrictions, easements, rights-of-way and other similar encumbrances of record other than monetary encumbrances, judgments and monetary liens that
in each case (1) would not in any case, individually or in the aggregate, reasonably be expected to materially and adversely impair the ownership or lease of nor materially and adversely detract from the value or use of the property subject
thereto or (2) would not be reasonably expected to materially interfere with the ordinary conduct of the business of Sellers at the property subject thereto; (i) zoning, entitlement, building and other land use regulations and codes
imposed by any Governmental Authority having jurisdiction over the Real Property, which are not violated by the current use, occupancy or operation of the Real Property; (j) any right, title or interest of a lessor, sublessor or licensor under
any of the Real Property Leases; and (k) in the case of the Leased Real Property, any Lien or Encumbrance to which the fee simple interest (or any superior leasehold interest) is subject. 

“Person” means any individual, corporation, partnership, limited liability company, firm, joint venture, association,
joint-stock company, trust, sole proprietorship, unincorporated organization, Governmental Authority or other entity. 

“Petition Date” has the meaning set forth in the Recitals. 

“Potential Transaction” has the meaning set forth in Section 6.6. 

“Pre-Petition Credit Agreement” means that certain Credit Agreement dated as of May 22, 2012 by and among the
Sellers, the lenders party thereto, the guarantors defined therein and Bayside Finance, LLC, as Administrative Agent, Collateral Agent and lender, as amended or modified through the Execution Date. 

  
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 “Pre-Petition Loan Documents” means the “Loan Documents” as
defined in the Pre-Petition Credit Agreement, and all other documents referred to therein or delivered in connection therewith. 

“Proceeding” has the meaning set forth in Section 2.4(a)(ix). 

“Purchase Price” has the meaning set forth in Section 3.1(a). 

“Purchased Contracts” has the meaning set forth in Section 2.1(e). 

“Purchaser” has the meaning set forth in the Preamble and includes each Designee in accordance with
Section 3.3. 
 “Purchaser Employees” means the Employees of Sellers who accept an offer of
employment with Purchaser based on the initial terms and conditions set by Purchaser. 
 “Qualified Bid” means
competing bids pre-qualified for the Auction in accordance with the Bidding Procedures Order. 
 “Real
Property” means all of the Owned Real Property and the Leased Real Property, together with all buildings and Improvements thereon and all appurtenances and rights thereto. 

“Real Property Leases” means all of Sellers’ right, title and interest in all leases, subleases, licenses,
concessions and other agreements (written or oral) and all amendments, extensions, renewals, guaranties and other agreements with respect thereto, pursuant to which Sellers hold a leasehold or subleasehold estate in, or are granted a license or
other right to use, the Leased Real Property. 
 “Related Person” means, with respect to any Person at any time
of determination, all directors, officers, members, managers, stockholders, employees, controlling persons, Affiliates, agents, professionals, attorneys, accountants, lenders, investment bankers or representatives of any such Person. 

“Release” shall have the meaning set forth in CERCLA. 

“Sale Hearing” means the hearing to consider the entry of the Sale Order. 

“Sale Motion” has the meaning set forth in Section 8.1. 

“Sale Order” means an order, in all material respects in the form of Exhibit B, entered by the Bankruptcy Court,
which Sale Order shall be acceptable to Purchaser. 
 “SEC Documents” has the meaning set forth in
Section 4.14(a). 
 “Schedules” has the meaning set forth in Section 6.1(c).

 “Seller” and “Sellers” have the meaning set forth in the Preamble. 

  
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 “Sellers’ Knowledge” means the actual (and not constructive) knowledge
of Michael Lavelle, David Vander Ploeg and Gerald Hughes, in each case, after due inquiry. 
 “Software” means
any computer program, operating system, application, system, firmware or software of any nature, point-of-entry system, peripherals, and data whether operational, active, under development or design, nonoperational or inactive, including all object
code, source code, comment code, algorithms, processes, formulae, interfaces, navigational devices, menu structures or arrangements, icons, operational instructions, scripts, commands, syntax, screen designs, reports, designs, concepts, visual
expressions, technical manuals, tests scripts, user manuals and other documentation therefor, whether in machine-readable form, virtual machine-readable form, programming language, modeling language or any other language or symbols, and whether
stored, encoded, recorded or written on disk, tape, film, memory device, paper or other media of any nature, and all databases necessary or appropriate in connection with the operation or use of any such computer program, operating system,
application, system, firmware or software. 
 “SS” has the meaning set forth in the Preamble. 

“Straddle Period Property Tax” has the meaning set forth in Section 7.1(d). 

“Subsidiary” means, with respect to any Person: (a) any corporation of which more than 50% of the total voting
power of all classes of the equity interests entitled (without regard to the occurrence of any contingency) to vote in the election of directors is owned by such Person directly or through one or more other Subsidiaries of such Person and
(b) any Person other than a corporation of which at least a majority of the equity interests (however designated) entitled (without regard to the occurrence of any contingency) to vote in the election of the governing body, partners, managers
or others that will control the management of such entity is owned by such Person directly or through one or more other Subsidiaries of such Person. 
 “Surety Bonds” has the meaning set forth in Section 6.4(b). 
 “Tax” or “Taxes” means all taxes, however denominated, including any interest, penalties or additions to tax that may become payable in respect thereof, imposed by any
Governmental Authority, whether payable by reason of contract, assumption, transferee liability, operation of Law or Treasury Regulation Section 1.1502-6(a) (or any predecessor or successor thereof or any analogous or similar provision under
Law), which taxes shall include all net or gross income, gross receipts, net proceeds, sales, use, ad valorem, value added, franchise, bank shares, withholding, payroll, medicare, employment, excise, property, abandoned property, escheat, deed,
stamp, alternative or add-on minimum, environmental, profits, windfall profits, transaction, license, lease, service, service use, occupation, severance, energy, sales, use, transfer, real property transfer, recording, documentary, stamp,
registration, stock transfer taxes and fees, unemployment, social security, workers’ compensation, capital, premium, and other taxes, assessments, customs, duties, fees, levies, or other governmental charges of any nature whatever, whether
disputed or not, and other assessments or obligations of the same or a similar nature, whether arising before, on or after the Closing Date. 

  
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 “Tax Authority” means any Governmental Authority with responsibility for,
and competent to impose, collect or administer, any form of Tax. 
 “Tax Return” means any report, return,
information return, filing declaration, statement, or claim for refund, including any schedules, exhibits or attachments thereto, and any amendments to any of the foregoing required to be filed, distributed or maintained in connection with the
calculation, determination, assessment or collection of any Taxes (including estimated Taxes). 
 “Trademarks”
means any trademarks, service marks, trade names, corporate names, Internet domain names, designs, trade dress, product configurations, logos, slogans, and general intangibles of like nature, together with all translations, adaptations, derivations
and combinations thereof, all goodwill, registrations and applications in any jurisdiction pertaining to the foregoing. 

“Transfer Taxes” means all sales, use, value added, transfer, stamp, registration, documentary, excise, real property
transfer or gains, or similar Taxes incurred as a result of the transactions contemplated by this Agreement. 

“Treasury Regulation” means any of the regulations promulgated by the Department of the Treasury under the Code.

 “WARN Act” means the Worker Adjustment and Retraining Notification Act, as amended, or any similar
applicable state or local Law. 
 1.2 Interpretation. When a reference is made in this Agreement to a section or article,
such reference shall be to a section or article of this Agreement unless otherwise clearly indicated to the contrary. 
 (a)
Whenever the words “include,” “includes” or “including” are used in this Agreement they shall be deemed to be followed by the words “without limitation.” 

(b) The words “hereof,” “herein” and “herewith” and words of similar import shall, unless otherwise stated,
be construed to refer to this Agreement as a whole and not to any particular provision of this Agreement, and article, section, paragraph, exhibit and schedule references are to the articles, sections, paragraphs, exhibits and schedules of this
Agreement unless otherwise specified. 
 (c) The meaning assigned to each term defined herein shall be equally applicable to both
the singular and the plural forms of such term. Where a word or phrase is defined herein, each of its other grammatical forms shall have a corresponding meaning. 
 (d) A reference to any party to this Agreement or any other agreement or document shall include such party’s successors and permitted assigns. 

(e) A reference to any legislation or to any provision of any legislation shall include any amendment to, and any modification or
reenactment thereof, any legislative provision substituted therefor and all regulations and statutory instruments issued thereunder or pursuant thereto. 

  
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 (f) When calculating the period of time before which, within which or following which any
act is to be done or step taken pursuant to this Agreement, the date that is the reference date in calculating such period shall be excluded. If the last day of such period is a non-Business Day, the period in question shall end on the next
succeeding Business Day. 
 (g) Any reference in this Agreement to $ shall mean U.S. dollars. 

(h) The parties hereto have participated jointly in the negotiation and drafting of this Agreement and, in the event an ambiguity or
question of intent or interpretation arises, this Agreement shall be construed as jointly drafted by the parties hereto and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision
of this Agreement. 
 ARTICLE 2 
 PURCHASE AND SALE OF THE ACQUIRED ASSETS 
 2.1 Purchase and Sale
of Assets. Pursuant to Sections 105, 363 and 365 of the Bankruptcy Code, on the terms and subject to the conditions set forth in this Agreement, at the Closing, Purchaser shall purchase, acquire and accept from Sellers, and Sellers shall sell,
transfer, assign, convey and deliver to Purchaser, all of Sellers’ right, title and interest in, to and under the Acquired Assets, free and clear of all Liens, Claims, Interests or Encumbrances (other than Permitted Liens). “Acquired
Assets” shall mean all of the, direct or indirect, right, title and interest of Sellers in and to the tangible and intangible assets, properties, rights, claims and Contracts (but excluding Excluded Assets) as of the Closing, including:

 (a) all cash (including undeposited checks and uncleared checks), cash equivalents and short-term investments, including any
cash collateral that is collateralizing any Surety Bonds; 
 (b) all accounts receivable, rebates, refunds (whether related to
Taxes or otherwise) and other receivables of Sellers however evidenced; 
 (c) all Inventory of Sellers; 

(d) all deposits (including, with respect to the Acquired Assets, customer deposits and security deposits (whether maintained in escrow or
otherwise) for rent, electricity, telephone or otherwise), credits and prepaid charges and expenses of Sellers that relate to the Acquired Assets; 
 (e) all Contracts of Sellers that are assumed by and assigned to Purchaser pursuant to an Assumption Order on or prior to the Designation Deadline (the “Purchased Contracts”), together
with all rights thereunder from and after the Closing Date, and any causes of action relating to past or present breaches of the Purchased Contracts; 

  
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 (f) all of Sellers’ interests in and to all Improvements located on the Leased Real
Property subject to each Real Property Lease, any other appurtenances thereto, and all of Sellers’ rights in respect thereof; 
 (g) all Owned Real Property together with all Improvements thereto and thereon; 

(h) all FF&E; 

(i) all Intellectual Property; 
 (j) all telephone and facsimile numbers and all email addresses; 
 (k) all
Documents; 
 (l) all Permits; 
 (m) all rights, recoveries, refunds and rights of set-off against third parties; 

(n) the capital stock or other equity interests of any Subsidiaries of Sellers that are not guarantors of the obligations under the
Pre-Petition Credit Agreement and the LLC interests in Carson-Dellosa Publishing LLC held by SS; 
 (o) all rights under or
arising out of all insurance policies relating to the Business or the Acquired Assets, unless non-assignable as a matter of Law; 

(p) other than with respect to the Excluded Contracts, all rights of Sellers under non-disclosure or confidentiality, non-compete, or
non-solicitation agreements with Purchaser Employees or agents of Sellers or with third parties (other than with Purchaser or any of its Affiliates under this Agreement or any Ancillary Agreements), including non-disclosure or confidentiality,
non-compete, or non-solicitation agreements entered into in connection with the Auction; 
 (q) all rights, claims or causes of
action of Sellers or otherwise relating to the Business and the Acquired Assets, including all Avoidance Actions. 
 (r) all
rights of Sellers under or pursuant to all warranties, representations and guarantees made by suppliers, manufacturers and contractors to the extent relating to products sold, or services provided, to Sellers or to the extent affecting any Acquired
Assets other than any warranties, representations and guarantees pertaining to any Excluded Assets; 
 (s) all interests of
Sellers in, and all assets relating to, the Assumed Plans (if any); 
 (t) subject to Section 2.5(f), any asset that
requires the consent of a third party to be transferred, assumed or assigned notwithstanding the provisions of Section 365 of the Bankruptcy Code, as to which such consent has not been obtained as of the Closing Date; upon receipt of such
consent on or after the Closing Date and entry of an appropriate Assumption Order as provided in Section 2.5(f); and 

  
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 (u) all goodwill and other intangible assets associated with the Business and the Acquired
Assets. 
 2.2 Excluded Assets. Notwithstanding anything to the contrary in this Agreement, nothing herein shall be deemed
to sell, transfer, assign or convey the Excluded Assets to Purchaser, and Sellers shall retain all right, title and interest to, in and under, and all obligations with respect to, the Excluded Assets. For all purposes of and under this Agreement,
and as the same may be amended pursuant to Section 2.5, the term “Excluded Assets” shall mean: 

(a) any asset of Sellers that otherwise would constitute an Acquired Asset but for the fact that it is conveyed, leased or otherwise
disposed of, in the ordinary course of Sellers’ business prior to the Closing Date not in violation of this Agreement; 

(b) the certificates of incorporation and articles of incorporation or, as applicable, formation, qualifications to conduct business as a
foreign corporation or, as applicable, limited liability company, taxpayer and other identification numbers, seals, stock transfer books, blank stock certificates, corporate books and records of internal corporate or limited liability company
proceedings, tax and accounting records, work papers and other records relating to the organization or maintenance of corporate or limited liability company existence of Sellers and any other records that Sellers are required by Law to retain;
provided, however, that copies of the foregoing items shall be provided by Sellers to Purchaser following the Closing Date upon Purchaser’s request at Purchaser’s sole expense; 

(c) the rights of Sellers under this Agreement and the Ancillary Agreements and all consideration payable or deliverable to Sellers under
this Agreement, but excluding cash flows under any Assigned Contract; 
 (d) all rights and interests in connection with, and
assets of, any Employee Benefit Plan other than the Assumed Plans; 
 (e) the capital stock or other equity interests of any
Seller; 
 (f) all rights under or arising out of insurance policies that are non-assignable as a matter of Law; 

(g) the assets listed on Schedule 2.2(g); 
 (h) all Excluded Contracts; 
 (i) all rights (including rights under insurance
policies), claims or causes of action with respect to or arising in connection with Excluded Assets; and 

  
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 (j) all deposits (including, with respect to the Excluded Assets, customer deposits and
security deposits (whether maintained in escrow or otherwise) for rent, electricity, telephone or otherwise) and prepaid charges and expenses of Sellers that relate exclusively to the Excluded Assets to the extent such deposits, prepaid charges or
expenses are rightfully and legally offset against corresponding accounts payable of Sellers arising prior to the Petition Date. 

2.3 Assumption of Liabilities. Upon the terms and subject to the conditions of this Agreement, Purchaser agrees, effective at the
time of the Closing, to assume, pay, perform and discharge the following Liabilities (the “Assumed Liabilities”): 
 (a) all of Sellers’ Liabilities under the Assigned Contracts; provided, however, that Purchaser’s obligations with respect to monetary defaults under any Assigned Contract upon the
assumption thereof by Purchaser shall be limited to Cure Costs, subject to the terms of Section 2.5; 
 (b) to the
extent not already paid or included in the DIP Obligations, all ordinary course Liabilities with respect to the Acquired Assets (including ordinary course trade payables) arising after the Petition Date to the extent (i) relating to the conduct
of the Business after the Petition Date through the Closing Date and (ii) set forth in the Budget; provided, however, under no circumstances shall Purchaser assume or be liable for any such Liabilities in excess of an amount to be
determined by Purchaser in its sole discretion; and provided, further however, that such Liabilities shall specifically exclude any fees and expenses of any attorneys, financial advisors, consultants or other representatives of the
Sellers or anyone else for any legal, accounting, investment banking, brokerage or similar fees or expenses incurred by any Seller or any predecessor of any Seller or anyone else in connection with, resulting from or attributable to (A) the
Bankruptcy Cases or the transactions contemplated by this Agreement or (B) in pursuing or supporting claims, objections, avoidance actions, or any other litigation against Purchaser; 

(c) all Liabilities relating to the Assumed Plans, if any; 
 (d) all Liabilities for Transfer Taxes as provided in Section 7.1; and 

(e) with the prior written consent of each ABL Credit Party, all Liabilities arising under the ABL Credit Agreements, if such Liabilities
are not paid in full in cash as of Closing in the amount required under the ABL Credit Agreements. 
 2.4 Excluded
Liabilities. 
 (a) Notwithstanding anything to the contrary in this Agreement or otherwise, Purchaser shall not assume or
for any reason be deemed to have assumed or be liable for any Claims, Liens, Encumbrances, Interests or Liabilities of Sellers of any nature whatsoever, whether presently in existence or arising hereafter (other than the Assumed Liabilities),
including, but not limited to, the following (collectively, the “Excluded Liabilities”): 
 (i)
all Claims or Liabilities of Sellers that relate to any of the Excluded Assets (including under any Excluded Contracts); 
 (ii) the Excluded Environmental Liabilities (regardless of whether such Liabilities are technically Liabilities of any Seller); 

  
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 (iii) any Liability relating to (A) events or conditions occurring or
existing in connection with, or arising out of, the Business as operated prior to the Closing, or (B) the ownership, possession, use, operation or sale or other disposition prior to the Closing of any Acquired Assets (or any other assets,
properties, rights or interests associated, at any time prior to the Closing, with the Business); 
 (iv) any
Liability relating to the Acquired Assets based on events or conditions occurring or existing prior to the Closing Date and connected with, arising out of or relating to: (A) claims relating to employee health and safety, including claims for
injury, sickness, disease or death of any Person or (B) compliance with any applicable Law relating to any of the foregoing; in each case except for any such Liability that may not be discharged by the Sale Order; 

(v) all Claims or Liabilities of Sellers or for which Sellers or any Affiliate of any Seller could be liable relating to
Taxes that are not expressly assumed by Purchaser under Schedule 2.3(d); 
 (vi) all Claims or Liabilities
for any legal, accounting, investment banking, brokerage or similar fees or expenses incurred by any Seller or any predecessor of any Seller in connection with, resulting from or attributable to the Bankruptcy Cases or the transactions contemplated
by this Agreement or otherwise; 
 (vii) all Indebtedness of any Seller; 

(viii) all Liabilities of Sellers related to the right to or issuance of any capital stock or other equity interest of any
Seller, including any stock options or warrants; 
 (ix) all Liabilities of Sellers resulting from, caused by or
arising out of, or which relate to, directly or indirectly, the ownership, lease or license of any properties or assets or any properties or assets previously used by Sellers or any predecessor of any Seller at any time, or other actions, omissions
or events occurring prior to the Closing and which (A) constitute, may constitute or are alleged to constitute a tort, breach of contract or violation of any rule, regulation, treaty or other similar authority or (B) relate to any and all
Claims, disputes, demands, actions, Liabilities, damages, suits in equity or at Law, administrative, regulatory or quasi-judicial proceedings, accounts, costs, expenses, setoffs, contributions, attorneys’ fees or causes of action of whatever
kind or character (“Proceeding”) against Sellers, whether past, present, future, known or unknown, liquidated or unliquidated, accrued or unaccrued, pending or threatened; 

(x) any Liability arising out of any Proceeding commenced against Sellers or any predecessor of any Seller after the
Closing and arising out of, or relating to, any occurrence or event happening prior to the Closing; 

  
 17 

 (xi) all Claims or Liabilities with respect to the Employees or former
employees (or their representatives) of Sellers or any predecessor of any Seller based on any action or inaction occurring prior to and including on the Closing Date, including payroll, vacation, sick leave, workers’ compensation, unemployment
benefits, pension benefits, employee stock option or profit sharing plans, health care plans or benefits (including COBRA), or any other employee plans or benefits or other compensation of any kind to any employee, and obligations of any kind
including any Liability pursuant to the WARN Act; 
 (xii) any Liability arising under any Employee Benefit Plan
or any other employee benefit plan, policy, program, agreement or arrangement (other than an Assumed Plan) at any time maintained, sponsored or contributed to by Sellers or any ERISA Affiliate, or with respect to which Sellers or any ERISA Affiliate
has any Liability including with respect to any underfunded pension Liability; provided, that for the avoidance of doubt, all Liabilities arising under the Assumed Plans shall be assumed by Purchaser pursuant to Section 2.3(c).

 (xiii) any Liability arising out of or relating to services or products of Sellers to the extent performed,
marketed, sold or distributed prior to the Closing; 
 (xiv) any Liability under any Excluded Contract;

 (xv) any Liability under any employment, collective bargaining agreement, severance, retention or termination
agreement with any employee, consultant or contractor (or their representatives) of Sellers, except if an Assumed Liability; 
 (xvi) any Liability arising out of or relating to any grievance by current or former employees of Sellers, whether or not the affected employees are hired by Purchaser; 

(xvii) any Liability to any shareholder or other equity holder of any Seller, which Liability relates to such
Person’s capacity as a shareholder or other equity holder of a Seller; 
 (xviii) any Liability arising out
of or resulting from non-compliance or alleged non-compliance with any Law, ordinance, regulation or treaty by Sellers; 
 (xix) any Liability for infringement or misappropriation of any Intellectual Property arising out of or relating to any conduct of any Seller or operation of the Business on or before the Closing;

 (xx) any Liability of Sellers under this Agreement or any Ancillary Agreements; 

(xxi) any Liability of Sellers related to all Indebtedness as of the Closing under the Pre-Petition Loan Documents;

 (xxii) the Liabilities specifically identified and described on Schedule 2.4(a)(xxii); and 

  
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 (xxiii) any other Liabilities of Sellers not expressly assumed by Purchaser
pursuant to Section 2.3. 
 (b) The parties acknowledge and agree that disclosure of any Liability on any Schedule to
this Agreement shall not create an Assumed Liability or other Liability of Purchaser, except where such disclosed Liability has been expressly assumed by Purchaser as an Assumed Liability in accordance with the provisions of Section 2.3.

 2.5 Real Property Lease and Contract Designation; Cure Costs. 

(a) Contract and Cure Schedule. Within ten (10) days following the date hereof, SS shall deliver to Purchaser a schedule that
contains a list of each Contract along with the Sellers’ good faith estimate of the amount of Cure Costs applicable to each such Contract (as such schedule may be amended, supplemented or otherwise modified from time to time in accordance with
the terms of this Agreement, the “Contract & Cure Schedule”); provided, that if no Cure Cost is estimated to be applicable with respect to any particular Contract, the amount of such Cure Cost has been designated for
such Contract as “$0.00”. From the date the Contract & Cure Schedule is provided through (and including) the Designation Deadline, promptly following any changes to the information set forth on such Schedule (including any new
Contracts included in the Acquired Assets to which a Seller becomes a party and any change in the Cure Cost of any such Contract), the Sellers shall provide Purchaser with a schedule that updates and corrects the Contract & Cure Schedule.
Purchaser may, at any time and from time to time through (and including) the Designation Deadline as described below, include or exclude any Designated Contract from the Contract & Cure Schedule and require the Sellers to give notice to the
counterparties to any such Designated Contracts of the Sellers’ proposed assumption and assignment thereof to Purchaser or Purchaser’s Designee and the amount of Cure Costs, as approved by Purchaser, associated with such Designated
Contract. If any Designated Contract is added to (or excluded from) the Contract & Cure Schedule as permitted by this Section 2.5(a), then Purchaser and the Sellers shall make appropriate additions, deletions or other changes to
any applicable Schedule to reflect such addition or exclusion. 
 (b) Designation. During the period from the date the
Contract and Cure Schedule is provided through the Designation Deadline and pursuant to the terms of this Section 2.5, Purchaser may designate each Designated Contract as an Assigned Contract or an Excluded Contract. Sellers hereby
appoint Purchaser as their agent-in-fact from and after the Closing Date for the sole purpose of allowing Purchaser to continue to operate under the Designated Contracts until such time as Purchaser either designates such Designated Contract as an
Assigned Contract or an Excluded Contract. 
 (c) Contract Notice. At any time prior to the Designation Deadline,
Purchaser shall have the right, which right may be exercised at any time and from time to time in Purchaser’s sole and absolute discretion, to provide written notice to Sellers (each such notice, a “Contract Notice”) of
Purchaser’s election to deem the Designated Contracts identified in the subject Contract Notice(s) an Assigned Contract and require Sellers to use reasonable best efforts, subject to entry of an Assumption Order by the Bankruptcy Court, to
assume and assign such Designated Contracts to Purchaser or Purchaser’s Designee. In any such Contract Notices, 

  
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Purchaser also may designate any Designated Contract as an Excluded Contract. Within fifteen (15) days following the date Purchaser delivers a Contract Notice to Sellers electing to deem a
Designated Contract as an Assigned Contract, Sellers shall, at no additional cost or expense to Purchaser, take all requisite actions (including actions required under § 363 and/or 365 of the Bankruptcy Code, as applicable) to assume and assign
such Designated Contracts to Purchaser or its Designee. Without limiting the generality of the foregoing, upon receipt of a Contract Notice electing to deem a Designated Contract as an Assigned Contract, Sellers shall use reasonable best efforts to
obtain the entry of an Assumption Order by the Bankruptcy Court approving the assumption and assignment of such Designated Contracts to Purchaser or its Designee and fixing the Cure Costs relating to each of such Designated Contracts,
provided, however, that if the Cure Costs to be fixed by the Bankruptcy Court for any Designated Contract in a proposed Assumption Order either are greater than the amount set forth in the Contract & Cure Schedule and are not
consented to by Purchaser no later than the hearing before the Bankruptcy Court to consider the assumption and assignment of such Designated Contract, then Purchaser shall be permitted at such hearing to forthwith revoke its designation of any such
Designated Contract as an Assigned Contract and thereupon such Designated Contract shall be deemed to be an Excluded Contract for all purposes of this Agreement. Promptly following the entry of an Assumption Order by the Bankruptcy Court, Purchaser
shall and shall cause its Designees to assume from Sellers the Assigned Contracts pursuant to Section 365 of the Bankruptcy Code and an Assignment and Assumption Agreement. 

(d) Bankruptcy Court Matters. Sellers shall give written notice to Purchaser prior to the submission of any motion in their
Bankruptcy Cases to assume or reject any Designated Contracts together with a copy of the proposed Assumption Order, and, without the prior written consent of Purchaser, Sellers shall not assume or reject any Designated Contracts. Sellers shall
promptly reject any Designated Contract that (i) Purchaser has designated as an Excluded Contract pursuant to a Contract Notice, (ii) has been deemed to be an Excluded Contract pursuant to Section 2.5(b) above or (iii) any
Designated Contract that Purchaser has not designated as an Assigned Contract by the Designation Deadline (all such Designated Contracts being deemed to be Excluded Contracts for purposes of this Agreement). Any Designated Contracts that are
rejected subject to Bankruptcy Court approval or are the subject of a rejection motion at the Designation Deadline, after complying with the provisions of this Section 2.5 shall constitute Excluded Contracts. Purchaser shall not have any
obligation or liability with respect to Excluded Contracts from and after the earliest of: (x) delivery of such a Contract Notice, (y) after such Designated Contract has been deemed to be an Excluded Contract pursuant to
Section 2.5(b) above or (z) after the Designation Deadline, as applicable. 
 (e) Cure Costs; Adequate
Assurance. To the extent that any Designated Contract requires the payment of Cure Costs in order to be assigned to Purchaser and assumed pursuant to Section 363 and 365 of the Bankruptcy Code, the Cure Costs related to such Designated
Contract shall be paid by the Sellers to the extent of available cash on the Sellers’ balance sheet. In the event that the aggregate amount of Cure Costs payable for all Assigned Contracts exceeds the amount of available cash on the
Sellers’ balance sheet, Purchaser or its Designees shall satisfy such excess Cure Costs. Purchaser shall not be required to make any payment of Cure Costs for, or otherwise have any Liabilities with respect to, any Contract that is not an
Assigned Contract. Purchaser will provide adequate assurance of future performance on 

  
 20 

 
its behalf and on behalf of its Designees as required under the Bankruptcy Code, including Section 365(f)(2)(B) thereof. Purchaser and the Sellers agree that they will promptly take all
actions reasonably required to assist in obtaining a Bankruptcy Court finding that there has been an adequate demonstration of adequate assurance of future performance under each Assigned Contract, such as furnishing affidavits, non-confidential
financial information or other documents or information for filing with the Bankruptcy Court and making Purchaser’s and the Sellers’ employees and representatives available to testify before the Bankruptcy Court, as necessary. 

(f) Non-Assignable Contracts. To the extent that any Assigned Contract is not capable of being assigned under Section 365 of
the Bankruptcy Code (or, if inapplicable, pursuant to other applicable Laws or the terms of such Contract) to Purchaser or a Designee without the consent of the other party thereto or any Person (including a Government Entity), and such consent has
not been obtained (collectively, the “Non-Assignable Contracts”), this Agreement will not constitute an assignment thereof, or an attempted assignment, unless any such consent is obtained. Any payment to be made in order to obtain
any consent required by the terms of any Non-Assignable Contract shall be the responsibility of Sellers to the extent of available cash on Sellers’ balance sheet. In the event that the aggregate amount of consent fees payable for all
Non-Assignable Contracts exceeds the amount of available cash on the Sellers’ balance sheet, Purchaser or its Designees shall satisfy such excess consent fees. If, after giving effect to the provisions of Sections 363 and 365 of the Bankruptcy
Code, such consent is required but not obtained, the Sellers shall cooperate with Purchaser in any reasonable arrangement designed to provide for Purchaser the benefits and obligations of or under any such Non-Assignable Contract, including
enforcement for the benefit of Purchaser of any and all rights of the Sellers against a third party thereto arising out of the breach or cancellation thereof by such third party. Any assignment to Purchaser of any Assigned Contract that shall, after
giving effect to the provisions of Sections 363 and 365 of the Bankruptcy Code, require the consent of any third party for such assignment as aforesaid shall be made subject to such consent being obtained. Any contract that would be an Assigned
Contract but is not assigned in accordance with the terms of this Section 2.5(f) shall not be considered an “Assigned Contract” for purposes hereof unless and until such contract is assigned to Purchaser following the Closing
Date upon receipt of the requisite consents to assignment and Bankruptcy Court approval. 
 ARTICLE 3 

CONSIDERATION 
 3.1 Purchase Price. 
 (a) The purchase price (the “Purchase
Price”) for the purchase, sale, assignment and conveyance of Sellers’ right, title and interest in, to and under the Acquired Assets to Purchaser or its Designees shall consist of (i) an amount equal to $95,000,000, which amount
shall be payable in the form of a credit bid of an amount of the obligations then outstanding under the DIP Credit Agreement and the Pre-Petition Credit Agreement (such amount as may be increased pursuant to Section 3.1(b), the
“Credit Bid Amount”); (ii) unless such obligations have been assumed by Purchaser pursuant to Section 2.3(e), an amount in cash allocated solely for the benefit of the ABL Credit Parties in order to cause the
“payment in full” 

  
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of the Obligations under each of the ABL Credit Agreements (within the meaning of such phrase under the ABL Credit Agreements), including the Letter of Credit Collateralization (as defined in the
ABL DIP Credit Agreement) and Payment in Full of ABL Priority Debt (as such term is used the Existing Split Lien Intercreditor Agreement (as defined in the ABL DIP Credit Agreement) and the Split Lien Intercreditor Agreement (as defined in the ABL
DIP Credit Agreement); and (iii) the assumption by Purchaser of the Assumed Liabilities. 
 (b) For the avoidance of doubt,
at any time, and from time to time, during the Auction, Purchaser may increase the Purchase Price, including by increasing the Credit Bid Amount to the full amount then outstanding and owing under the DIP Credit Agreement and the Pre-Petition Credit
Agreement and or paying additional cash consideration. 
 3.2 Allocation of Purchase Price. If the transaction
contemplated by this Agreement is an “Applicable Asset Acquisition” as defined in Section 1060(c) of the Code, then by the Designation Deadline, Purchaser shall prepare and deliver to Sellers a statement allocating the sum of the
Purchase Price, the Assumed Liabilities and other relevant items among the Acquired Assets in accordance with Section 1060 of the Code (such statement, the “Allocation Statement”), and the Allocation Statement shall be
finalized upon reasonable consultation with Sellers. Except as otherwise required by applicable Law, the parties shall follow the Allocation Statement for purposes of filing IRS Form 8594 (and any supplements to such form) and all other Tax Returns,
and shall not voluntarily take any position inconsistent therewith. If the IRS or any other taxation authority proposes a different allocation, Sellers or Purchaser, as the case may be, shall promptly notify the other party of such proposed
allocation. Sellers or Purchaser, as the case may be, shall provide the other party with such information and shall take such actions (including executing documents and powers of attorney in connection with such proceedings) as may be reasonably
requested by such other party to carry out the purposes of this section. Except as otherwise required by applicable Law or pursuant to a “determination” under Section 1313(a) of the Code (or any comparable provision of United States
state, local, or non-United States law), (i) the transactions contemplated by Article 2 of this Agreement shall be reported for all Tax purposes in a manner consistent with the terms of this Section 3.2; and (ii) neither party
(nor any of their Affiliates) will take any position inconsistent with this Section 3.2 in any Tax Return, in any refund claim, in any litigation or otherwise. Notwithstanding the allocation of the Purchase Price set forth in the
Allocation Statement, nothing in the foregoing shall be determinative of values ascribed to the Acquired Assets or the allocation of the value of the Acquired Assets in any plan of reorganization or liquidation that may be proposed. 

3.3 Assignment to Subsidiaries of Purchaser. Prior to the Closing, Purchaser shall have the right to assign its rights to receive
all or any part of the Acquired Assets and its obligations to assume all or any part of the Assumed Liabilities, in each case, to one or more Affiliates or Subsidiaries of Purchaser (each, a “Designee”) by providing written notice
to SS and each such Designee shall be deemed to be a Purchaser for all purposes hereunder and under the Ancillary Agreements, except that no such assignment shall relieve Purchaser of any of its obligations hereunder. 

  
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 ARTICLE 4 
 REPRESENTATIONS AND WARRANTIES OF SELLERS 
 Sellers hereby represent
and warrant to Purchaser as follows: 
 4.1 Organization. Each Seller is duly organized, validly existing and in good
standing under the Laws of its state of incorporation or formation and has all necessary power and authority to own, lease and operate its properties and to conduct its business in the manner in which its business is currently being conducted.
Except as a result of the commencement of the Bankruptcy Cases, each Seller is qualified to do business and is in good standing in all jurisdictions where it owns its properties and assets and conducts the Business. 

4.2 Subsidiaries and Investments. Except as set forth in Schedule 4.2, Sellers do not, directly or indirectly, own, of
record or beneficially, any outstanding voting securities, membership interests or other equity interest in any Person. 
 4.3
Authorization of Agreement. Subject to entry of the Sale Order and authorization as is required by the Bankruptcy Court: 

(a) Each Seller has, or at the time of execution will have, all necessary power and authority to execute and deliver this Agreement and
each Ancillary Agreement to which such Seller is or will become a party and to perform its obligations hereunder and thereunder; 

(b) The execution, delivery and performance of this Agreement and each Ancillary Agreement to which a Seller is or will become a party and
the consummation of the transactions contemplated hereby and thereby have been, or at the time of execution will be, duly authorized by all necessary action on the part of such Seller and no other proceedings (shareholder, member or otherwise) on
the part of Sellers are necessary to authorize such execution, delivery and performance; and 
 (c) This Agreement and each
Ancillary Agreement to which a Seller is or will become a party have been, or when executed will be, duly and validly executed and delivered by such Seller and (assuming the due authorization, execution and delivery by the other parties hereto or
thereto) this Agreement and each Ancillary Agreement to which a Seller is or will become a party constitutes, or will constitute, when executed and delivered, such Seller’s valid and binding obligation, enforceable against such Seller in
accordance with its respective terms except as may be limited by bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and similar Laws of general applicability relating to or affecting creditors’ rights, or by general equity
principles, including principles of commercial reasonableness, good faith and fair dealing. 
 4.4 Conflicts; Consents of
Third Parties. 
 (a) Except as set forth on Schedule 4.4(a), subject to entry of the Bankruptcy Order, the execution,
delivery and performance by each Seller of this Agreement and each Ancillary Agreement, the consummation of the transactions contemplated hereby and thereby, and compliance by each Seller with any of the provisions hereof or thereof do not, or will
not at 

  
 23 

 
the time of execution, result in the creation of any Lien or Encumbrance upon the Acquired Assets and do not, or will not at the time of execution, conflict with, or result in any violation of or
default (with or without notice or lapse of time, or both) under, or give rise to a right of payment, termination, modification, acceleration or cancellation under any provisions of: 

(i) such Seller’s certificates of incorporation, bylaws or comparable organizational documents of such Seller;

 (ii) subject to entry of the Sale Order, any material Assigned Contract or Permit to which such Seller is a
party or by which any of the Acquired Assets are bound; 
 (iii) subject to entry of the Sale Order, any order,
writ, injunction, judgment or decree of any Governmental Authority applicable to such Seller or any of the Acquired Assets; or 
 (iv) subject to entry of the Sale Order, any applicable Law. 
 (b) Subject to entry
of the Sale Order, and except (i) for such authorizations, orders, declarations, filings and notices as may be required under the HSR Act and (ii) as set forth on Schedule 4.4(b), no consent, waiver, approval, order, Permit or
authorization of, or declaration or filing with, or notification to, any Person or Governmental Authority is required on the part of any Seller in connection with the execution, delivery and performance of this Agreement or any Ancillary Agreement
to which it is or will become a party, the compliance by such Seller with any of the provisions hereof or thereof, the consummation of the transactions contemplated hereby or thereby, or the assignment or conveyance of the Acquired Assets.

 4.5 Title to Acquired Assets. Except as set forth on Schedule 4.5, Sellers have good, and marketable title to,
or a valid and marketable leasehold interest in, the Acquired Assets, and, subject to entry of the Sale Order, Purchaser will be vested, to the maximum extent permitted by Sections 363 and 365 of the Bankruptcy Code, with good and marketable title
to, and a valid and marketable leasehold interest in, the Acquired Assets free and clear of all Liens, Claims, Interests and Encumbrances, other than Permitted Liens. 
 4.6 Contracts. 
 (a) Schedule 4.6 sets forth a complete list, as of
the date hereof, of all Contracts to which any Seller is a party or by which it is bound and that are used in or related to the Business or the Acquired Assets, meeting any of the descriptions set forth below: 

(i) all reseller or distribution agreements with respect to which any Seller recognized cumulative revenue during the
fiscal year ended April 28, 2012 in excess of $100,000; 
 (ii) any Contract with any current customer of
any Seller with respect to which such Seller recognized cumulative revenue during the twelve-month period ended December 31, 2012 in excess of $100,000; 

  
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 (iii) any Contract with any supplier of goods and/or services, including any
personal property leases, with respect to which any Seller made cumulative expenditures during the twelve-month period ended December 31, 2012 greater than $100,000; 

(iv) any material Contract with any sole source suppliers, or any other material contract that licenses or otherwise
authorizes any third party to design, manufacture, reproduce, develop or modify the products, services or technology of the Sellers; 
 (v) any material Contracts that contain provisions granting any exclusive rights, rights of first refusal, rights of first negotiation or similar rights to any Person; 

(vi) any Contract limiting in any material respect the right of any Seller to engage in any line of business, compete with
any Person in any line of business or the manner or locations in which any of them may engage; 
 (vii) any
Contract with any officer of any Seller, any Contract with any employee of any Seller, any Contract that promises any payment or benefit to any officer of any Seller or any Contract that promises any payment or benefit to any employee of any Seller;

 (viii) any Contract with any Affiliate of any Seller; 

(ix) any evidence of Indebtedness in excess of $100,000; 

(x) any joint venture, partnership, cooperative arrangement or any other agreement involving a sharing of profits or
development costs; 
 (xi) any material Contract or arrangement pursuant to which any Seller sells or licenses
any product outside of the United States; 
 (xii) any Contract with respect to the discharge, storage or removal
of effluent, waste or pollutants; 
 (xiii) except for licenses for third party commercially available Software
that (A) is word processing, financial or other business software, or (B) has an individual acquisition cost or annual licensing fee of $100,000 or less, any Contract pursuant to which (x) any Seller has been granted or otherwise
receives any right to use third party Intellectual Property rights used by any Seller in the Business or (y) any Seller has granted a third party rights to use any Intellectual Property owned by any Seller; in each case of (x) and (y),
with annual or one-time license fees in excess of $100,000 (“IP Licenses”); 
 (xiv) any
material power of attorney, proxy or similar instrument; 

  
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 (xv) any Contract for the purchase, sale or license of any material assets
of any Seller other than in the ordinary course of business or any Contract granting an option or preferential rights to purchase, sell or license any material assets of any Seller other than in the ordinary course of business; 

(xvi) to the extent not otherwise set forth on Schedule 4.6, any Contract under which a Seller has continuing
material indemnification obligations to any Person; 
 (xvii) any Contract relating to the acquisition by any
Seller of a business or the equity interests of any other Person (whether or not completed) entered into within the last two (2) years; 
 (xviii) any other Contract (other than those excluded by an express exception from the descriptions set forth in the subsections above) which provides for payment or performance by either party thereto
having an aggregate value of $100,000 or more (unless terminable without payment or penalty on ninety (90) days (or less) notice); 
 (xix) any Real Property Leases; and 
 (xx) any agreement to enter
into any of the foregoing. 
 (b) The foregoing are collectively referred to as the “Material Contracts.”
Purchaser shall receive or be provided access within seven (7) days after the Execution Date to true, correct and complete copies of such written Contracts and any and all amendments, modifications, supplements, exhibits and restatements
thereto and thereof in effect as of the date of this Agreement. 
 4.7 Real Property. 

(a) Schedule 4.7(a) sets forth a list of each parcel of Real Property currently owned (“Owned Real Property”),
leased, licensed or subleased by Sellers. Sellers shall deliver or make available to Purchaser within seven (7) days after the Execution Date true, correct and complete copies of the Real Property Leases in effect as of the Execution Date
(including all amendments thereto, assignments and subleases in respect thereof) relating to the Leased Real Property. One or more Sellers owns and has good and marketable title to all of the Owned Real Property and has valid leasehold or
subleasehold (or a valid license) interests in all of the Leased Real Property, in each case, free and clear of any and all Encumbrances (except for Permitted Liens and Encumbrances listed on Schedule 4.5). Except as would not have a Material
Adverse Effect, each Real Property Lease to which any Seller is a party is valid and enforceable in accordance with its terms. Except as set forth on Schedule 4.7(a), (i) no Seller has received written notice that it is in default under
any such Real Property Lease other than as has been cured or would be cured pursuant to this Agreement and the entry of the Sale Order, (ii) to Sellers’ Knowledge, no circumstances exist which, with notice, the passage of time or both,
would reasonably be expected to constitute a default by any Seller under any such Real Property Lease other than defaults that may be alleged to have occurred by a landlord under a Real Property Lease as a result of the initiation of the Bankruptcy
Cases and (iii) to Sellers’ Knowledge, no other party to any such Real Property Lease is in default thereunder. 

  
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 (b) Except as set forth on Schedule 4.7(b), no Seller has received written notice of
any pending condemnation proceeding with respect to any parcel of Real Property nor, to such Sellers’ Knowledge, is there any threatened condemnation that would preclude or impair the use of any Real Property by Purchaser for the purposes for
which it is currently used. 
 (c) Other than as set forth in any of the Real Property Leases and other than the right of
Purchaser pursuant to this Agreement, there are no other options or rights of first offer or rights of first refusal or similar rights or options to purchase, lease or otherwise acquire any interest in any of the Owned Real Property or any of the
leases or subleases relating to the Leased Real Property have been granted by any Seller to any Person (other than Purchaser) that are enforceable. 
 (d) Except as set forth on Schedule 4.7(d), no Seller has made or given any security deposit to or for the benefit of any landlord or sublandlord in respect of any Leased Real Property and none is
required. 
 4.8 Intellectual Property. 
 (a) Schedule 4.8(a) sets forth a complete and accurate list of all (i) United States and non-United States Patents and Patent applications owned by Sellers; (ii) United States and
non-United States Trademark registrations and Internet domain registrations, Trademark applications and material unregistered Trademarks owned by Sellers; and (iii) United States and non-United States Copyright and mask work registrations,
Copyright applications and material unregistered Copyrights owned by Sellers. 
 (b) Schedule 4.8(b) sets forth a complete
and accurate list of all (i) IP Licenses and (ii) Contracts to which Sellers are a party or otherwise bound restricting Sellers’ rights to use any Intellectual Property, including license agreements, development agreements,
distribution agreements, settlement agreements, consent to use agreements, and covenants not to sue (collectively, the “License Agreements”). Sellers have not licensed or sublicensed its rights in any Intellectual Property other
than pursuant to the License Agreements. 
 (c) Sellers own or possess rights to use all Intellectual Property material to the
conduct of the Business. All registrations with and applications to Governmental Authorities set forth on Schedule 4.8(a) are in full force and effect, have not, except in accordance with the ordinary course practices of Sellers, lapsed,
expired or been abandoned, are not the subject of any opposition or other action challenging the ownership, validity or scope thereof filed with the United States Patent and Trademark Office or any other applicable Intellectual Property registry,
court of law, or tribunal. 
 (d) Except as identified in the Contracts set forth in Schedule 4.8(b), to Sellers’
Knowledge, no present or former employee, officer or director of Sellers, or agent, outside contractor or consultant of Sellers, holds any right, title or interest, directly or indirectly, 

  
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in whole or in part, in or to any Intellectual Property and necessary for the conduct of the Business. Other than with respect to copyrightable works Sellers hereby represent to be “works
made for hire” within the meaning of Section 101 of the Copyright Act of 1976 owned by Sellers or as identified in the Contracts set forth in Schedule 4.8(b), Sellers have obtained from all individuals who participated in any
respect in the invention or authorship of any Intellectual Property created by or for Sellers and necessary for the conduct of the Business (the “Owned Intellectual Property”), as consultants, as employees of consultants or
otherwise, effective waivers of any and all ownership rights of such individuals in the Owned Intellectual Property and/or written assignments to Sellers of all rights with respect thereto. 

(e) As of the date hereof, Sellers have not received any written notice and to Sellers’ Knowledge no verbal notice, that it is, or
they are, currently in default (or with the giving of notice or lapse of time or both, would be in default) under any IP Licenses. Sellers have not received any written notice of any claim of invalidity of any Intellectual Property set forth on
Schedule 4.8(a). Except as set forth on Schedule 4.8(e), to Sellers’ Knowledge, no material Intellectual Property rights of Sellers are being infringed by any other Person. Except as set forth on Schedule 4.8(e) or claims
that have been resolved, Sellers have not received any written notice of any claim of infringement or conflict with any Intellectual Property right of others within the six (6) years prior to the date hereof. 

(f) To Sellers’ Knowledge, no Software material to Sellers’ Business contains source code that requires as a condition of use,
modification or distribution of such source code that such source code or other Intellectual Property incorporated into, derived from or distributed with such source code (i) be disclosed or distributed in source code form; (ii) be
licensed for the purpose of making derivative works, as that term is defined by U.S. copyright law; or (iii) be redistributed at no charge. 
 4.9 Taxes. 
 (a) All federal, state, foreign, county, local and other Tax
Returns required to be filed by or on behalf of Sellers have been timely filed, or extensions of the time to file have been obtained, and when filed were true and correct in all material respects, and the taxes due and owing thereon were paid or
adequately accrued, except to the extent contested in good faith by proper proceedings. True and complete copies of all Tax Returns filed by Sellers for each of its three (3) most recent fiscal years shall be delivered or made available to
Purchaser within seven (7) days after the Execution Date. Sellers have duly withheld and paid all material Taxes required to have been withheld and paid relating to any employee, independent contractor, creditor, stockholder, or other third
party, and all material Forms W-2 and 1099 required with respect thereto have been properly completed and timely filed and distributed. 
 (b) Since October 27, 2012, Sellers have not incurred any material Taxes other than Taxes incurred in the ordinary course of business consistent in type and amount with past practices. 

  
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 (c) The federal and state income Tax Returns of Sellers have been audited by the IRS and
appropriate state Tax Authorities for the periods, as applicable, and to the extent set forth in Schedule 4.9(c), and to Sellers’ Knowledge, Sellers have not received from the Internal Revenue Service or from the Tax Authorities of any
state, county, local or other jurisdiction any notice of underpayment of Taxes or other deficiency which has not been paid nor any objection to any return or report filed by any Seller. There is no material dispute or claim concerning any Tax
liability of any Seller either (i) claimed or raised by any Tax Authority in writing or (ii) as to which any Seller has knowledge based upon personal contact with any agent of such Tax Authority. 

(d) There are no outstanding agreements or waivers extending the statutory period of limitations applicable to any Tax Return or report of
any Seller or the period of time within which any Tax Return of any Seller must be filed. 
 (e) No Seller has been a United
States real property holding corporation within the meaning of Section 897(c)(2) of the Code during the applicable period specified in 897(c)(1)(A)(ii) of the Code. No Seller is a party to or bound by any tax allocation or sharing agreement. No
Seller (A) has been a member of an affiliated group filing a consolidated federal income Tax Return (other than a group the common parent of which was one of Sellers) or (B) has any liability for the Taxes of any Person (other than any
other Seller) under Treas. Reg. §1.1502-6 (or any similar provision of state, local, or foreign law), as a transferee or successor, by contract. 
 (f) During the last two (2) years, no Seller has (i) applied for any tax ruling with respect to non-income Taxes, (ii) entered into a closing agreement with any Tax Authority with respect
to non-income Taxes, or (iii) been a party to any Tax allocation or Tax sharing agreement (other than with any other Seller). 
 (g) Except as described on Schedule 4.9(g), no Seller will be required to include any item of income in, or exclude any item of deduction from, taxable income for any taxable period (or portion
thereof) ending after the Closing Date as a result of any: 
 (i) Change in method of accounting for a taxable
period ending on or prior to the Closing Date; 
 (ii) “Closing agreement” as described in
Section 7121 of the Code (or any corresponding or similar provision of state, local or foreign income Tax Law) executed on or prior to the Closing Date; 
 (iii) Intercompany transactions or any excess loss account described in Treasury Regulations under Section 1502 of the Code (or any corresponding or similar provision of state, local or foreign
income Tax law); 
 (iv) Installment sale or open transaction disposition made on or prior to the Closing Date;
or 
 (v) Prepaid amount received on or prior to the Closing Date. 

  
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 (h) No Seller has distributed stock of another Person, or has had its stock distributed by
another Person, in a transaction that was purported or intended to be governed in whole or in part by Section 355 of the Code in the two years prior to the date of this Agreement. 

(i) No Seller has engaged in a “listed transaction”, within the meaning of Treasury Regulation §1.6011-4. 

4.10 Collective Bargaining Agreements, Employment Agreements, etc. 

(a) Schedule 4.10(a) lists (i) all union, collective bargaining or other employee association agreements (indicating duration
and expiration date for each), and all other written agreements providing for any material salary, bonus, benefits, perquisites, severance, management fees or other compensation relating to service to be paid to any director, officer or employee of
Sellers and (ii) fees paid to independent contractors of Sellers during the twelve-month period ended December 31, 2012. 
 (b) No Seller (i) and to Sellers’ Knowledge, no other party thereto, has breached or otherwise failed to comply in any material respect with any provision of any agreement set forth on
Schedule 4.10(a), (ii) has employees organized as a bargaining unit or the like by any labor organization except as disclosed on Schedule 4.10(a), (iii) is, nor has it been, within the last two (2) years, subject to any
unfair labor practice complaints before the National Labor Relations Board (except as set forth on Schedule 4.10(b)), (iv) is, nor has it been, within the last two (2) years subject to any activities or proceedings of any labor
union (or representatives thereof) to organize any unorganized employees, and (v) is, nor has it been, within the last two (2) years subject to any strikes, organized slowdowns, work stoppages or lockouts and, to the best of Sellers’
Knowledge, no matter or occurrence referred to in subclauses (ii) through (v) is planned, pending or threatened, as applicable. 
 (c) Except as set forth on Schedule 4.10(c), no Seller is in violation, in any material respect, and no Seller has received within the last two (2) years written notice of any claim with
respect to a material violation or alleged material violation, of any federal or state civil rights law, the Fair Labor Standards Act, as amended, the Age Discrimination in Employment Act, as amended, the National Labor Relations Act, as amended,
the Occupational Safety and Health Act, as amended, the Americans with Disabilities Act, as amended, ERISA (with respect to any Employee Benefit Plan), or the Vocational Rehabilitation Act of 1973, as amended, any applicable state or local laws
analogous to the federal laws listed above or any other employee protective law of any jurisdiction and, to the best of Sellers’ Knowledge, no claim referred to in this Section 4.10(c) is planned, pending or threatened. 

(d) For each current Employee, Schedule 4.10(d) sets forth each such Employee’s name, title, date of hire, annualized
compensation, bonus, commission, FLSA classification and union representation, if applicable. 

  
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 4.11 Employee Benefit Plans. 

(a) Schedule 4.11(a) lists all: (i) employee pension or welfare benefit plans (as defined in Section 3(2) and 3(1) of
ERISA, respectively), (A) which are maintained or administered by any Seller; (B) to which any Seller contributes, or is legally obligated to contribute; or (C) under which any Seller has any liability including due to any
Seller’s relationship with any entity that along with such Seller is treated as a “single employer” under Section 414 of the Code (“ERISA Affiliates”) and (ii) all other material plans or arrangements
maintained by Sellers for the benefit of current or former employees, their beneficiaries or dependents (collectively, the “Employee Benefit Plans”). 
 (b) Except as set forth on Schedule 4.11(b), no Seller currently contributes to any “multiemployer plan” within the meaning of Section 4201 of ERISA, and no Seller has incurred any
withdrawal liability within the meaning of Section 4201 of ERISA with respect to any multiemployer plan which has not been satisfied. 
 (c) With respect to each Employee Benefit Plan, Sellers shall make available to Purchaser within seven (7) days after the Execution Date a true and correct copy of (i) the most recent annual
report (Form 5500), if any, filed with the IRS or the United States Department of Labor, (ii) the plan document(s) and all amendments thereto, if any, and all summary plan descriptions, summaries of material modifications, and copies or samples
of any material administrative documents for such Employee Benefit Plan, and (iii) each trust agreement, group annuity Contract and insurance policy, if any, relating to such Employee Benefit Plan. Each Employee Benefit Plan (A) has been
administered in all material respects in accordance with its terms and (B) complies in all material respects in form with, and has been operated and administered in all material respects in accordance with, any and all applicable laws,
including ERISA and the Code. Each Employee Benefit Plan and each trust (in each case including any amendments to such plans) that is intended to qualify under Section 401(a) and 501(a) of the Code is covered by a favorable determination or
opinion letter from the IRS that remains in effect on the date hereof, and remains current with respect to any actual or legally required plan amendment for which the applicable remedial amendment period under IRS Revenue Procedure 2007-44 has
expired. 
 (d) All contributions and premiums required by Law under any Employee Benefit Plan or by the terms of any Employee
Benefit Plan or any agreement relating thereto have been timely made. 
 (e) With respect to the Employee Benefit Plans,
individually and in the aggregate, to Sellers’ Knowledge, no event has occurred that could subject any Seller or any of its ERISA Affiliates to any material liability under ERISA, the Code or any other applicable Law, including any non-exempt
“prohibited transaction” (as defined in Section 406 of ERISA and Section 4975(c) of the Code). 
 (f) There
are no material Proceedings against any Employee Benefit Plan, the assets of any such plan or against Sellers, the plan administrator, or fiduciary of any Employee Benefit Plan with respect to the operation of any such plan (other than routine
benefit claims), 

  
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and, to Sellers’ Knowledge, there are no facts or circumstances which could form the basis for any such Proceedings. To Sellers’ Knowledge, no Seller is in default with respect to any
order, writ, judgment or decree of any court or governmental department, bureau, agency or instrumentality, with respect to any Employee Benefit Plan insofar as it relates to any current or former employee. 

(g) Sellers have at all times complied with the requirements of COBRA and Schedule 4.11(g) lists all of the individuals covered
under any health care plan of Sellers pursuant to COBRA and the date for each such individual when COBRA coverage began. 
 (h)
Except as set forth on Schedule 4.11(h), Sellers have no obligations under any Employee Benefit Plan and/or any collective bargaining agreement to provide health or life insurance benefits to former employees (or their beneficiaries or
dependents) for periods after termination of employment, except as specifically required by COBRA or any other applicable state or federal Law. 
 4.12 Environmental Matters. Except as set forth in Schedule 4.12 and except as would not reasonably be expected to result in a Material Adverse Effect, (a) the Acquired Assets are in
compliance with all applicable Laws relating to pollution or the protection of the environment or human health and safety as it relates to Hazardous Materials (“Environmental Laws”); (b) Sellers have obtained and are in
compliance with all material Permits that are required pursuant to Environmental Laws for the occupation of their facilities and the operation of the Business, and such Permits are in full force and effect; (c) no Seller has received written or
oral notice of any Proceeding relating to or arising under Environmental Laws with respect to the Acquired Assets or the Business, nor to Sellers’ Knowledge are any of the same being threatened against any Seller; (d) no Seller has
received any written or oral notice or report regarding any actual or alleged violation of Environmental Law or any Liabilities, including any investigatory, remedial or corrective Liabilities, relating to any of them or their facilities arising
under Environmental Laws; (e) no Seller has received any written or oral notice of, or entered into, any obligation, order, settlement, judgment, injunction, or decree involving outstanding requirements, including any investigatory, remedial or
corrective Liabilities relating to or arising under Environmental Laws; (f) none of the following exists at any property or facility owned or leased by any Seller: (i) under or above-ground storage tanks, (ii) asbestos containing
material in any form or condition, (iii) materials or equipment containing polychlorinated biphenyls, or (iv) landfills, surface impoundments, or disposal areas; (g) no Seller has Released any Hazardous Material, into the environment
at, onto, or from any property owned or leased by any Seller (and no such property is contaminated by any such substance) which has resulted in or would reasonably be expected to result in Liability for response costs, corrective action costs,
personal injury, property damage or natural resources damages, or Claims relating to any Environmental Law; and (h) the transactions contemplated hereby will not result in any Liabilities for site investigation or cleanup, or require the
consent of any Person, pursuant to any Environmental Laws, including any so-called “transaction-triggered” or “responsible property transfer” requirements. 
 4.13 Insurance. Sellers maintain the insurance policies set forth on Schedule 4.13, which Schedule sets forth all insurance policies covering the property, assets, employees and operations
of the Business (including policies providing property, casualty, liability and workers’ compensation coverage). Such policies are in full force and effect. Sellers have paid all premiums on such policies due and payable prior to the Execution
Date. 

  
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 4.14 Financial Statements. 

(a) Sellers have filed all forms, reports, statements, certifications and other documents (including all exhibits, amendments and
supplements thereto) required to be filed by them with the SEC since January 1, 2011 (all such forms, reports, statements, certificates and other documents filed, since January 1, 2011 and prior to the date hereof, collectively, the
“SEC Documents”), and Sellers have furnished all reports and other documents (including all exhibits, amendments and supplements thereto) required to be furnished by them with the SEC since January 1, 2011 (all such reports and
other documents furnished, since January 1, 2011 and prior to the date hereof, collectively, the “Furnished Reports”). As of the date hereof, there are no outstanding or unresolved comments in comment letters received from the
SEC staff with respect to the SEC Documents or Furnished Reports. No executive officer of Sellers has failed to make the certifications required of him or her under Section 302 or 906 of the Sarbanes-Oxley Act with respect to any SEC Documents.
None of the Sellers nor any of their executive officers has received written notice from any Governmental Authority challenging or questioning the accuracy, completeness or manner of filing of the certifications required by the Sarbanes-Oxley Act
and made by its principal executive officer and principal financial officer. 
 (b) Each of the audited consolidated financial
statements included in or incorporated by reference into the SEC Documents (including any related notes and schedules) have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) applied on
a consistent basis throughout the periods involved (except as may be indicated in the notes thereto) and fairly present in all material respects the consolidated financial position of SS and its Subsidiaries at the respective dates thereof and the
results of operations, changes in equity and cash flows. Each of the unaudited condensed consolidated financial statements included in or incorporated by reference into the SEC Documents (including any related notes) have been prepared in accordance
with GAAP applied on a consistent basis throughout the periods involved (except as may be indicated in the notes thereto or may be permitted by the SEC under the Exchange Act) and fairly present in all material respects the consolidated financial
position of the Company and its Subsidiaries as of the respective dates thereof and the results of their operations, changes in equity and cash flows for the periods indicated (subject to notes and normal period-end adjustments that will not be
material in amount or effect). 
 4.15 No Brokers or Finders. No agent, broker, finder or investment or commercial banker,
or other Person or firm engaged by, or acting on behalf of, any of Sellers in connection with the negotiation, execution or performance of this Agreement or the transactions contemplated by this Agreement, other than as set forth on Schedule
4.15, the fees and expenses of which Sellers shall bear, is or will be entitled to any brokerage or finder’s or similar fees or other commissions as a result of this Agreement or such transaction. 

  
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 4.16 Affiliate Transactions. Except as disclosed in Schedule 4.16, no
Affiliate of any Seller (other than any other Seller) (a) is a competitor, creditor, debtor, customer, distributor, supplier or vendor of any Seller, (b) is a party to any Material Contract with any Seller, (c) has any Proceeding
against any Seller, (d) has a loan outstanding from any Seller or (e) owns any assets that are used in the Business. 

4.17 Litigation; Proceedings. Except as set forth on Schedule 4.17, there is no claim, action, suit, Proceeding, complaint,
charge, hearing, grievance or arbitration pending or, to Sellers’ Knowledge, threatened against or related to the Business, whether at Law or in equity, whether civil or criminal in nature or by or before any arbitrator or Governmental
Authority, nor are there any investigations relating to the Business, pending or, to Sellers’ Knowledge, threatened by or before any arbitrator or any Governmental Authority, which could reasonably be expected to results in a Material Adverse
Effect, and none of the Acquired Assets is subject to any judgment, injunction, order, consent, or decree of any Governmental Authority or any settlement agreement with any Person, which could reasonably be expected to results in a Material Adverse
Effect. 
 4.18 Compliance with Laws. Each Seller (i) is and at all times since January 1, 2011 has been in
compliance with, is in compliance with and has operated the Business in compliance, in all material respects, with all applicable Laws and (ii) holds all material Permits, concessions, grants, licenses, easements, variances, exemptions,
consents, orders, franchises, authorizations and approvals of all Governmental Authorities necessary for the lawful conduct of the Business (except where the absence of which would not reasonably be expected to have a Material Adverse Effect) and is
in compliance with all of the foregoing in all material respects. Since January 1, 2011, no Seller has received any written notice or other written communication from any Governmental Authority or other Person (i) asserting any violation
of, or failure to comply with, any requirement of any Permit or (ii) notifying a Seller of the non-renewal, revocation or withdrawal of any Permit in each of case (i) or (ii), which would reasonably be expected to result in a Material
Adverse Effect. 
 4.19 Accounts Receivable. The accounts receivable reflected on the most recent audited financial
statements in the SEC Documents and the accounts receivable arising after the date thereof (a) have arisen from bona fide transactions entered into by Sellers involving the sale of goods or the rendering of services in the ordinary course of
business consistent with past practice; and (b) constitute only valid, undisputed claims of Sellers not subject to claims of set-off or other defenses or counterclaims other than normal cash discounts accrued in the ordinary course of business
consistent with past practice. Additionally, the material accounts receivable reflected on the most recent audited financial statements in the SEC Document, subject to a reserve for bad debts shown in the most recent audited financial statements
included in the SEC Documents, and the material accounts receivable arising after the date thereof, subject to a reserve for bad debts on the accounting records of the Business, are due within 90 days after billing. The reserve for bad debts shown
on the most recent audited financial statements included in the SEC Documents or, with respect to accounts receivable arising after the date of such financial statements included in the SEC Documents, on the accounting records of the Business have
been determined in accordance with GAAP, consistently applied, subject to normal year-end adjustments and the absence of disclosures normally made in footnotes. 

  
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 4.20 Inventory. All Inventory of Sellers, whether or not reflected on the most recent
audited financial statements included in the SEC Documents, consists of items of a quality useable or saleable in the ordinary course of business, for the purposes for which they are intended, subject to normal and customary allowances for damage
and obsolescence and assuming sufficient market demand. Sellers do not hold any Inventory on consignment. 
 4.21 Warranties
Are Exclusive. EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, SELLERS MAKE NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AT LAW OR IN EQUITY, IN RESPECT OF THE BUSINESS OR ANY OF THEIR ASSETS (INCLUDING THE ACQUIRED ASSETS), LIABILITIES
(INCLUDING THE ASSUMED LIABILITIES) OR OPERATIONS, INCLUDING, WITH RESPECT TO MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE, OR NON-INFRINGEMENT, AND ANY SUCH OTHER REPRESENTATIONS OR WARRANTIES ARE HEREBY EXPRESSLY DISCLAIMED AND NONE SHALL
BE IMPLIED AT LAW OR IN EQUITY. 
 ARTICLE 5 
 REPRESENTATIONS AND WARRANTIES OF PURCHASER 
 Purchaser represents
and warrants to Sellers as follows: 
 5.1 Organization. Purchaser is a limited liability company duly organized, validly
existing and in good standing under the Laws of the State of Delaware and has all requisite limited liability company power and authority to own its properties and assets and to conduct its business as now conducted. 

5.2 Authorization and Validity. Purchaser has, or at the time of execution will have, all necessary limited liability company power
and authority to execute and deliver this Agreement and any Ancillary Agreement to which Purchaser is or will become a party and to perform its obligations hereunder and thereunder. The execution and delivery of this Agreement and any Ancillary
Agreement to which Purchaser is or will become a party and the performance of Purchaser’s obligations hereunder and thereunder have been, or at the time of execution will be, duly authorized by all necessary action by Purchaser. This Agreement
and each Ancillary Agreement to which Purchaser is or will become a party have been, or at the time of execution will be, duly executed by Purchaser and constitute, or will constitute, when executed and delivered, Purchaser’s valid and binding
obligations, enforceable against it in accordance with their respective terms except as may be limited by bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and similar Laws of general applicability relating to or affecting
creditors’ rights, or by general equity principles, including principles of commercial reasonableness, good faith and fair dealing. 
 5.3 No Conflict or Violation. The execution, delivery and performance by Purchaser of this Agreement and any Ancillary Agreement to which Purchaser is or will become a party do not or will not at
the time of execution (a) violate or conflict with any provision of the organizational documents of Purchaser, (b) violate any provision of applicable Law, or any order, writ, injunction, judgment or decree of any Governmental Authority
applicable to Purchaser, or (c) violate or result in a breach of or constitute (with due notice or lapse of time, or both) an event of default or default under any Contract to which Purchaser is party or by which Purchaser is bound or to which any
of Purchaser’s properties or assets are subject. 

  
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 5.4 Consents and Approvals. No consent, waiver, authorization or approval of any
Person and no declaration to or filing or registration with any Governmental Authority is required in connection with the execution and delivery by Purchaser of this Agreement and each Ancillary Agreement to which Purchaser is or will become a party
or the performance by Purchaser of its obligations hereunder or thereunder, except for applicable requirements under the HSR Act. 
 5.5 No Brokers or Finders. No agent, broker, finder or investment or commercial banker, or other Person or firm engaged by, or acting on behalf of, Purchaser in connection with the negotiation,
execution or performance of this Agreement or the transactions contemplated by this Agreement is or will be entitled to any brokerage or finder’s or similar fees or other commissions as a result of this Agreement or such transaction.

 5.6 Financial Wherewithal. Purchaser has, or at the time of Closing will have access to, all assets necessary to pay
the Purchase Price pursuant to Section 3.1. 
 5.7 Litigation; Proceedings. As of the date hereof, there is no
claim, action, suit, Proceeding, complaint, charge, hearing, grievance or arbitration pending or, to the Purchaser’s knowledge, threatened against the Purchaser, whether at Law or in equity, whether civil or criminal in nature or by or before
any arbitrator or Governmental Authority, nor are there any investigations relating to the Purchaser pending or, to the Purchaser’s knowledge, threatened by or before any arbitrator or any Governmental Authority, which could reasonably be
expected to result in a material adverse effect on the Purchaser’s ability to consummate the transactions contemplated hereby or would reasonably be expected to prevent, restrict or delay the consummation of the transactions contemplated in
this Agreement or the Ancillary Agreements. 
 5.8 As Is Transaction. PURCHASER HEREBY ACKNOWLEDGES AND AGREES THAT,
EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN ARTICLE 4 OF THIS AGREEMENT, THE SELLERS MAKE NO REPRESENTATIONS OR WARRANTIES WHATSOEVER, EXPRESS OR IMPLIED, WITH RESPECT TO ANY MATTER RELATING TO THE ACQUIRED ASSETS OR THE BUSINESS. WITHOUT IN
ANY WAY LIMITING THE FOREGOING, PURCHASER ACKNOWLEDGES THAT THE SELLERS HAVE NOT GIVEN, WILL NOT BE DEEMED TO HAVE GIVEN AND HEREBY DISCLAIM ANY WARRANTY, EXPRESS OR IMPLIED, OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE AS TO ANY PORTION
OF THE ASSETS. ACCORDINGLY, PURCHASER SHALL ACCEPT THE ACQUIRED ASSETS AT THE CLOSING “AS IS,” “WHERE IS,” AND “WITH ALL FAULTS.” 

  
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 ARTICLE 6 
 COVENANTS AND OTHER AGREEMENTS 
 6.1 Pre-Closing Covenants of
Sellers. Sellers covenant to Purchaser that, during the period from and including the Execution Date through and including the Closing Date or the earlier termination of this Agreement: 

(a) Cooperation. Sellers shall use reasonable best efforts to obtain, and assist Purchaser in obtaining, at no cost to Purchaser
(other than Cure Amounts payable at or after the Closing), such consents, waivers or approvals of any third party or Governmental Authority required for the consummation of the transactions contemplated hereby, including the sale and assignment of
the Acquired Assets. Sellers shall take, or cause to be taken, all commercially reasonable actions and do, or cause to be done, all things necessary or appropriate, consistent with applicable Law, to consummate and make effective as soon as possible
the transactions contemplated hereby. 
 (b) Access to Records and Properties. Sellers shall (i) provide Purchaser
and its Related Persons reasonable access, upon reasonable notice and during normal business hours, to the Facilities, offices and personnel of Sellers and to the books and records of Sellers, related to the Business or the Acquired Assets as
reasonably requested by Purchaser if reasonably necessary to comply with the terms of this Agreement or the Ancillary Agreements or any applicable Law; (ii) furnish Purchaser with such financial and operating data and other information with
respect to the condition (financial or otherwise), businesses, assets, properties or operations of Sellers related to the Business as Purchaser shall reasonably request; and (iii) permit Purchaser to make such reasonable inspections and copies
thereof as Purchaser may require; provided, however, that (A) any such access shall be conducted in a manner not to unreasonably interfere with the businesses or operations of Sellers or the duties of any Employee, (B) such
access or information shall not, based on advice of counsel to the Sellers, result in the waiver of any attorney-client privilege and (C) neither Purchaser nor any of its Related Persons shall conduct or cause any invasive sampling or testing
with respect to the Owned Real Property or the Leased Real Property without the prior written consent of Sellers (in their sole discretion). 
 (c) Notification of Certain Matters. The Sellers shall give written notice to the Purchaser promptly after becoming aware of (i) the occurrence of any event, which would be likely to cause any
condition set forth in Section 9.2 to be unsatisfied in any material respect at any time from the date hereof to the Closing Date or (ii) any notice or other communication from (A) any Person alleging that the consent of such
Person is or may be required in connection with any of the transactions contemplated by this Agreement or (B) any Governmental Authority in connection with any of the transactions contemplated by this Agreement; provided, however, that the
delivery of any notice pursuant to this Section 6.1(c) shall not limit or otherwise affect the remedies available hereunder to the Purchaser. 

  
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 (d) Disclosure Schedules and Supplements. 

(i) Sellers shall provide the disclosure schedules (the “Schedules”) to this Agreement within seven
(7) days after the Execution Date. Purchaser shall provide any Schedules for which it is responsible to Sellers within five (5) days after receipt of the Schedules from Sellers. 

(ii) Sellers shall notify Purchaser of, and shall supplement or amend the Schedules to this Agreement with respect to any
matter that makes it necessary to correct any information in the Schedules to this Agreement or in any material representation, warranty or covenant of Sellers that has been rendered materially inaccurate thereby; provided,
however, that the Sellers may not supplement or amend any Schedule which adds or deletes, directly or indirectly, any asset as an “Acquired Asset” or adds or deletes, directly or indirectly, any Liability as an “Assumed
Liability.” Each such notification and supplementation, to the extent known, shall be made promptly after discovery thereof and no later than three (3) days before the date set for the Closing. The Schedules shall be deemed amended by all
such supplements and amendments for all purposes (except for purposes of determining whether the conditions set forth in Section 9.2(a) of this Agreement have been satisfied), unless within ten (10) days from the receipt of such
supplement or amendment Purchaser provides notice in good faith that the facts described in such supplement or amendment would reasonably be expected to have a Material Adverse Effect on the Acquired Assets or the Business. 

(e) Conduct of Business Prior to Closing. From the Execution Date through the Closing Date or the earlier termination of this
Agreement, except as expressly contemplated by this Agreement or with Purchaser’s prior written consent, and except for any limitations directly imposed on Sellers as a result of, and related to, their status as debtors-in-possession in the
Bankruptcy Cases, and except to the extent expressly required or permitted under the DIP Credit Agreement, the Bankruptcy Code, other applicable Law or any ruling or order of the Bankruptcy Court: 

(i) Sellers shall not take any action that would reasonably be expected to result in an Event of Default (as defined
therein) under the DIP Credit Agreement; 
 (ii) Sellers shall not directly or indirectly sell or otherwise
transfer, or offer, agree or commit (in writing or otherwise) to sell or otherwise transfer, any of the Acquired Assets other than (A) the sale of inventory in the ordinary course of business, (B) the use of cash collateral in accordance
with the DIP Credit Agreement or the DIP Orders or (C) pursuant to any Alternate Transaction entered into in accordance with the Bidding Procedures Order and subsequently approved by the Bankruptcy Court; 

(iii) Sellers shall not permit, offer, agree or commit (in writing or otherwise) to permit, any of the Acquired Assets to
become subject, directly or indirectly, to any Lien, Claim, Interest or Encumbrance, except for Permitted Liens, Liens granted in connection with the DIP Credit Agreement and Liens set forth on Schedule 4.5; 

(iv) Sellers shall notify Purchaser promptly in writing of any Material Adverse Effect; 

  
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 (v) Sellers shall not (1) increase the annual level of compensation
payable or to become payable by Sellers to any of their directors or Employees, other than increases in the ordinary course of business to an Employee with a base salary of less than $100,000 per year, (2) grant, or establish or modify any
targets, goals, pools or similar provisions in respect of, any bonus, benefit or other direct or indirect compensation to or for any director or Employee, or increase the coverage or benefits available under any (or create any new) Employee Benefit
Plan, or (3) enter into any employment, deferred compensation, severance, consulting, non-competition or similar agreement (or amend any such agreement) to which any Seller is a party or involving a director or Employee of Sellers, except, in
each case, as required by Law, or as required by any plans, programs or agreements existing on the Execution Date and disclosed on Schedule 4.10(a) or Schedule 4.11(a); 

(vi) Sellers shall comply in all material respects with all Laws applicable to Sellers or having jurisdiction over the
Business or any Acquired Asset; 
 (vii) Sellers shall not (1) enter into any Contract (other than in the
ordinary course of business) that would constitute a Material Contract, if in effect on the Execution Date or (2) assume, amend, modify or terminate any Material Contract to which any Seller is a party or by which any Seller is bound and that
is used in or related to the Business or the Acquired Assets (including any Assigned Contract), or fail to exercise any renewal right with respect to any Material Contract (including any Real Property Lease) that by its terms would otherwise expire;

 (viii) Sellers shall not cancel or compromise any material debt or claim or waive or release any right of
Sellers that constitutes an Acquired Asset; 
 (ix) Sellers shall not enter into any commitment for capital
expenditures, except pursuant to the Budget; 
 (x) Sellers shall not assign, sublet, pledge, encumber, terminate
(other than those Real Property Leases that will terminate by their terms), amend or modify in any manner any Real Property Lease or Owned Real Property; 
 (xi) Subject to the impact of the Bankruptcy Cases on the Business, Sellers shall use reasonable best efforts to (1) conduct the Business in substantially the same manner as conducted as of the
Execution Date only in the ordinary course, (2) preserve the existing business organization and management of the Business intact, (3) keep available the services of the Employees, to the extent reasonably feasible, and (4) maintain
the existing relations with customers, distributors, suppliers, creditors, business partners, employees and others having business dealings with the Business, to the extent reasonably feasible; 

(xii) Sellers shall use best efforts to pay all accounts payable and collect all Accounts Receivable only in the ordinary
course of business; 

  
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 (xiii) Sellers shall at all times maintain all of the tangible Acquired
Assets, used, held for use or useful in the conduct of the Business and keep the same in good repair, working order and condition (taking into consideration ordinary wear and tear) and from time to time make, or cause to be made, all necessary or
appropriate repairs, replacements and improvements thereto consistent with past practice; 
 (xiv) Sellers file
all material Tax Returns and pay or deposit all material Taxes on a timely basis and in accordance with past practice; 
 (xv) No Seller shall make or change any election, change an annual accounting period, adopt or change any accounting method, file any amended Tax Return, enter into any closing agreement, settle any Tax
claim or assessment relating to any Seller, surrender any right to claim a refund of Taxes, consent to any extension or waiver of the limitation period applicable to any Tax claim or assessment relating to any Seller, or take any other similar
action relating to the filing of any Tax Return or the payment of any Tax; and 
 (xvi) Sellers shall not take,
or agree, commit or offer (in writing or otherwise) to take, any actions in violation of the foregoing. 
 6.2 Pre-Closing
Covenants of Purchaser. Purchaser covenants to Sellers that, during the period from the Execution Date through and including the Closing or the earlier termination of this Agreement, Purchaser shall take, or cause to be taken, all commercially
reasonable actions and to do, or cause to be done, all things necessary or appropriate, consistent with applicable Law, to consummate and make effective as soon as possible the transactions contemplated hereby; provided that the foregoing
shall not require Purchaser to participate as a bidder in the Auction. 
 6.3 Antitrust Notification. If required, Sellers
and Purchaser shall use their reasonable best efforts to promptly obtain any clearance required under the HSR Act for the consummation of this Agreement and the transactions contemplated hereby and shall keep each other apprised of the status of any
communications with, and any inquiries or requests for additional information from, the United States Federal Trade Commission and the United States Department of Justice and shall comply promptly with any such inquiry or request. If required, the
parties hereto commit to instruct their respective counsel to cooperate with each other and use reasonable best efforts to facilitate and expedite the identification and resolution of any such issues and, consequently, the expiration of the
applicable HSR Act waiting period at the earliest practicable date. Said reasonable best efforts and cooperation include counsel’s undertaking (i) to keep each other appropriately informed of communications from and to personnel of the
reviewing antitrust authority, and (ii) to confer with each other regarding appropriate contacts with and response to personnel of said antitrust authority. 
 6.4 Transfer of Permits; Surety Bonds. 

  
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 (a) Permits. Except for those Permits that are not transferable by Law, Sellers shall
use reasonable best efforts to cause the issuance or transfer of all Permits included in the Acquired Assets to Purchaser on or before the Closing Date. Sellers shall give and make all notices and reports Sellers are required to make to the
appropriate Governmental Authorities and other Persons with respect to the Permits that may be necessary for the sale of the Acquired Assets to Purchaser at the Closing. 
 (b) Surety Bond Obligations. Both prior to and after the Closing Date, Sellers shall use reasonable best efforts to (i) cooperate with Purchaser to cause the transfer, if practicable, by the
issuers of the surety bonds, performance bonds and other instruments listed on Schedule 4.4(b) and any such surety bonds, performance bonds and other similar instruments entered into by Sellers between the Execution Date and the Closing Date (the
“Surety Bonds”) for the benefit of Purchaser to support the beneficiaries of such Surety Bonds as customers or proposed customers of Purchaser after the Closing Date together with any existing letters of credit, security deposits
and cash collateral securing or provided by the Sellers as credit support for the Surety Bonds, or (ii) cooperate with Purchaser to provide the beneficiaries of each Surety Bond with replacement or substitute surety bonds and to facilitate the
transfer of any existing letters of credit, security deposits and cash collateral for the existing Surety Bonds to the issuer of such replacement or substitute surety bonds for the benefit of Purchaser. 

6.5 Employment Covenants and Other Undertakings. 
 (a) Employment. Purchaser shall offer to employ, on such terms and conditions of employment as determined by Purchaser in its sole discretion, substantially all of the Employees of Sellers. Only
Employees of Sellers who are offered and then accept such offer of employment with Purchaser will become a Purchaser Employee after the Closing. Notwithstanding the foregoing, nothing in this Agreement will, after the Closing Date, impose on
Purchaser any obligation to retain any Purchaser Employee in its employment. Except as described in the remaining sentences of this Section 6.5, the employment of each such Purchaser Employee with Purchaser will commence immediately
after the Closing. In the case of any individual who is offered employment by Purchaser and accepts such offer, but who is absent from active employment and receiving short-term disability or workers’ compensation benefits, the employment of
any such individual with Purchaser would commence upon his or her return to active work, and such individual would become an Purchaser Employee as of such date. Purchaser Employees will be given full credit for years of service with any Seller for
purposes of any employee benefit plan, program, policy or arrangement of Purchaser to the same extent and purpose as such service was taken into account by such Seller immediately prior to the Closing Date and credit Purchaser Employees for any
earned or accrued paid time off. 
 (b) Other Obligations. Except as otherwise required by Law, specified in this
Agreement, or otherwise agreed in writing by Purchaser or its Affiliates, neither Purchaser nor its Affiliates shall be obligated to provide any severance, separation pay, or other payments or benefits, including any key employee retention payments,
to any Employee on account of any termination of such Employee’s employment on or before the Closing Date, and such benefits (if any) shall remain obligations of Sellers. 

  
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 (c) Forms W-2 and W-4. Sellers and Purchaser shall adopt the “standard
procedure” for preparing and filing IRS Forms W-2 (Wage and Tax Statements) and Forms W-4 (Employee’s Withholding Allowance Certificate) regarding the Purchaser Employees. Under this procedure established by Revenue Procedure 2004-53,
Sellers (so long as they remain in existence) shall keep on file all IRS Forms W-4 provided by the Purchaser Employees for the period required by applicable Law concerning record retention and Purchasers will obtain new IRS Forms W-4 with respect to
each Purchaser Employee. 
 (d) No Right to Continued Employment. Nothing contained in this Agreement shall confer upon
any Purchaser Employee any right with respect to continuance of employment by Purchaser, nor shall anything herein interfere with the right of Purchaser to terminate the employment of any Purchaser Employees at any time, with or without notice, or
restrict Purchaser, in the exercise of its business judgment in modifying any of the terms or conditions of employment of the Purchaser Employees after the Closing. 
 (e) Employee Communications. Prior to making any written or oral communications to the Employees pertaining to their employment, termination, compensation, benefit or other terms and conditions of
employment that are affected by the transactions contemplated by this Agreement, Sellers shall consult with Purchaser and provide Purchaser with a copy of the intended communication. 

(f) Employee Benefit Plans. As of the Closing, all of the Purchaser Employees will cease participation in any of the Employee
Benefit Plans that such Purchaser Employees participated in immediately prior to the Closing that are not Assumed Plans. In accordance with Treasury Regulation Section 54.4980B-9 Q&A-7, as of the Closing Date, Purchaser will assume all
liability for providing and administering all required notices and benefits under Section 4980B of the Code and Part 6 of Subtitle B of Title I of ERISA (usually referred to as “COBRA”) to all current and former employees of
Sellers (including Purchaser Employees). Prior to the Closing Date, Sellers shall provide to Purchaser detailed information reasonably requested by Purchaser (including all pertinent information concerning individuals who have elected or continue to
have a right to elect COBRA continuation coverage and/or any COBRA subsidy pursuant to the American Recovery and Reinvestment Act of 2009) sufficient to enable Purchaser to carry out its obligations under this Section 6.5(f). Sellers
will have no COBRA Liability to such current and former employees after the Closing Date, except with respect to any violations of Law that occurred prior to the Closing Date. 
 (g) Assumed Plans. Purchaser shall notify Sellers in writing no later than two (2) Business Days prior to the Closing as to which Employee Benefit Plans Purchaser shall adopt and assume, if
any (the “Assumed Plans”). With respect to each Assumed Plan, Purchaser or, any entity designated by Purchaser, will be substituted for the applicable Seller as the plan sponsor under any such Assumed Plan and Purchaser shall have
all rights of such Seller thereunder, including full authority to maintain, amend or terminate any such Assumed Plan at any time, in Purchaser’s sole discretion. Sellers agree to cooperate with Purchaser in adopting and effectuating any plan
amendments to the Assumed Plans reasonably requested by Purchaser, so long as such amendments are effective as of, or after, the Closing Date and are consistent with applicable Law and other agreements under which Sellers are obligated. The parties
agree to cooperate in all respects and take any actions necessary to implement the assumption by Purchaser of the Assumed Plans. Before, or as soon as administratively practicable after, the 

  
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Closing, Sellers will provide Purchaser with (i) all records concerning participation, vesting, accrual of benefits, payment of benefits, and election forms of benefits under each Assumed
Plan, and (ii) any other information reasonably requested by Purchaser as necessary or appropriate for the administration of each Assumed Plan, each subject to the provision of consent by any Purchaser Employee to the extent and in the manner
required by Law. Purchaser will make all required filings or reports with or to the IRS, or any other governmental agency, and the participants and their beneficiaries with respect to each Assumed Plan on a timely basis for all plan years ending
before, on or after the Closing Date or as may be required with respect to such Assumed Plan, provided the initial deadline for such filing or report is after the Closing Date. All parties recognize that a reasonable transition period may be
necessary after the Closing Date and prior to Purchaser’s implementation of its assumption of the Assumed Plans before full compliance with this Section 6.5 is achieved, during which some or all of the Purchaser Employees and other
participants and beneficiaries of the Assumed Plans may not be able to (i) make (and Purchaser may not be able to process) elective deferral contributions, loan repayments, investment changes, distribution requests, benefit payment requests or
reimbursement requests or (ii) exercise or enjoy other rights or features of the Assumed Plans, and that during such transition period Purchaser shall not be considered to be in violation of this Section 6.5. Notwithstanding the
foregoing, Purchaser shall not assume or succeed to any of Sellers’ past, current or future Liabilities (including any withdrawal liability, termination liability or mass withdrawal liability) with respect to any multiemployer plan to which any
Seller or any ERISA Affiliate contributes or has ever contributed. 
 (h) Compliance with WARN Act. With respect to the
Employees, Sellers will have full responsibility under the WARN Act caused by any action of Sellers. Sellers shall be responsible for all WARN Act Liabilities relating to the periods prior to and on the Closing Date, including any such Liabilities
that result from Employees’ separation of employment from Sellers and/or Employees not becoming Purchaser Employees pursuant to this Section 6.5. 
 (i) Successor Employer Status. Sellers shall provide Purchaser with all necessary records and documentation required by Purchaser as a “successor employer” within the meaning of Sections
3121 and 3306 of the Code. 
 6.6 Exclusivity. For the period beginning on the Execution Date until the date of the
Bankruptcy Court’s approval and entry of the Bidding Procedures Order, Sellers and their respective Affiliates and Related Persons shall not, directly or indirectly, (i) solicit, initiate discussions with or engage in negotiations with any
Person (whether such negotiations are initiated by Sellers or otherwise), other than Purchaser and its Affiliates, relating to the acquisition of any of the Acquired Assets (other than sales of inventory and dispositions of assets, in each case in
the ordinary course of business), whether by way of purchase of equity or assets or otherwise (a “Potential Transaction”); or (ii) enter into an agreement, letter of intent or similar document (whether or not binding) with any
Person, other than Purchaser or its Affiliates, providing for or relating to any Potential Transaction. If Sellers or their respective Affiliates or Related Persons receive an inquiry, offer or proposal relating to any of the above (unsolicited or
otherwise), Sellers shall immediately notify Purchaser in writing. Upon the execution and delivery of this Agreement, Sellers and their respective Affiliates and Related Persons shall immediately cease all discussions, negotiations and
communications with all other Persons regarding any Potential Transaction until entry of the Bid Procedures Order. 

  
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 6.7 Casualty. Notwithstanding any provision in this Agreement to the contrary, if,
before the Closing, all or any portion of the Acquired Assets is (a) condemned or taken by eminent domain, or (b) a material portion is damaged or destroyed by fire or other casualty, Sellers shall notify Purchaser promptly in writing of
such fact, and (i) in the case of condemnation or taking, Sellers shall assign or pay, as the case may be, any proceeds thereof to Purchaser at the Closing, and (ii) in the case of fire or other casualty, Sellers shall, at the option of
Purchaser, either use any insurance proceeds to restore such damage or assign such insurance proceeds therefrom to the Purchaser at Closing. Notwithstanding the foregoing, the provisions of this Section 6.7 shall not in any way modify
the Purchaser’s other rights under this Agreement, including any applicable right to terminate the Agreement if any condemnation, taking, damage or other destruction resulted in a Material Adverse Effect. 

6.8 Name Change. Within ten (10) days after the Closing Date, Sellers and their Subsidiaries shall take such corporate and
other actions necessary to change their corporate and company names to ones that are not similar to, or confusing with, their current names, including any necessary filings required by applicable Law. 

6.9 Release of Claims. At the Closing, Sellers shall provide a release of all rights, claims or causes of action of Sellers arising
under Chapter 5 of the Bankruptcy Code. 
 6.10 Transition Services. The Parties shall cooperate with each other, and
shall use their reasonable best efforts to cause their respective Related Persons to cooperate with each other, to provide an orderly transition of the Business from Sellers to Purchaser and to minimize the disruption to the Business resulting from
the transactions contemplated hereby as requested by any Party, including facilitating the transition of the business relationship with Regents of the University of California acting on behalf of its Lawrence Hall of Science in respect of the FOSS
contracts and other key partner/client relationships. 
 6.11 Alternate Transactions. Subject to Section 11.3,
nothing in this Agreement shall restrict Sellers’ right to pursue one or more Alternate Transactions, including marketing Sellers’ assets or providing due diligence materials, solely to the extent permitted by the Bidding Procedures Order.

 6.12 Post-Closing Access. On and after the Closing Date, upon reasonable advance notice, Purchaser will afford promptly
to Sellers (and their successors and assigns) and their counsel, advisors and other agents reasonable access during normal business hours to Purchaser’s properties, books, records, employees, auditors and counsel to the extent necessary for
financial reporting and accounting matters, employee benefits matters, the preparation and filing of any Tax returns, reports or forms, the defense of any Tax audit, Claim or assessment, the reconciliation of Claims in the Bankruptcy Cases, to
permit Sellers to determine any matter relating to its rights and obligations hereunder, or in connection with addressing any other issues arising in connection with or relating to the Bankruptcy Cases; provided, however, that any such access by
Sellers shall not unreasonably interfere with the conduct of the business of Purchaser; 

  
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provided, further, that, subject to applicable Law, Purchaser may destroy materials relating to the Purchased assets and Business after the two year anniversary of Closing provided that it gives
written notice to Sellers, to the extent that Sellers are still in existence, with respect to its intent to do so and gives Sellers the opportunity to make copies of the same prior to destruction thereof. 

6.13 Purchaser Financing Cooperation. From the Execution Date through and including the Closing or the earlier termination of this
Agreement, Sellers shall use their reasonable best efforts to, and shall cause their officers, employees and other representatives to use their respective reasonable best efforts to assist Purchaser in obtaining any financing necessary to fund the
Business after the Closing, including by taking the following actions: (i) make senior management, representatives and advisors of Sellers reasonably available for meetings and due diligence sessions with prospective financing sources,
(ii) cooperate with prospective lenders, placement agents, initial purchasers and their respective advisors in performing their due diligence, and (iii) assist Purchaser in procuring credit agreements, hedging arrangements, notes,
mortgages, pledge and security documents, landlord waivers, estoppels, consents, and approvals and other definitive financing documents or other requested certificates or documents (including solvency certificates to the extent required), it being
understood that in no event shall Sellers be obligated or required to execute any such document. Nothing in this Section 6.13 shall require such cooperation from Sellers to the extent it would unreasonably interfere with the ongoing
operations of Sellers. 
 ARTICLE 7 
 TAXES 
 7.1 Tax Matters. 

(a) Purchaser and the Sellers agree that the Purchase Price is exclusive of any Transfer Taxes. Purchaser shall promptly pay directly to
the appropriate Tax Authority all applicable Transfer Taxes that may be imposed upon or payable or collectible or incurred in connection with this Agreement or the transactions contemplated herein, or that may be imposed upon or payable or
collectible or incurred in connection with the transactions contemplated by this Agreement. 
 (b) In the event that Sellers
elect to file a plan of reorganization or liquidation in conjunction with the transactions contemplated by this Agreement, Purchaser and Sellers covenant and agree that they will use their reasonable best efforts to obtain an order from the
Bankruptcy Court pursuant to section 1146 of the Bankruptcy Code exempting, to the maximum extent possible, the Transfer of the Acquired Assets from Sellers to Purchaser from any and all Transfer Taxes. To the extent the transactions contemplated by
this Agreement or any portion of the transactions contemplated by this Agreement are not exempt from Transfer Taxes under section 1146 of the Bankruptcy Code, Purchaser shall be responsible for and shall pay all Transfer Taxes in accordance with
Section 7.1. Purchaser and Sellers shall cooperate in providing each other with any appropriate certification and other similar documentation relating to exemption from Transfer Taxes (including any appropriate resale exemption
certifications), as provided under applicable Law. 

  
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 (c) Purchaser and Sellers agree to furnish, or cause their Affiliates to furnish, to each
other, upon request, as promptly as practicable, such information and assistance relating to the Acquired Assets or the Business (including access to books and records) as is reasonably necessary for the filing of all Tax Returns, and making of any
election related to Taxes, the preparation for any audit by any taxing authority, and the prosecution or defense of any claim, suit or proceeding relating to any Tax Return. Purchaser and Sellers shall cooperate, and cause their Affiliates to
cooperate, with each other in the conduct of any audit or other proceeding related to Taxes and each shall execute and deliver such powers of attorney and other documents as are reasonably necessary to carry out the intent of this
Section 7.1(c). Purchaser and Sellers shall provide, or cause their Affiliates to provide, timely notice to each other in writing of any pending or threatened tax audits, assessments or litigation with respect to the Acquired Assets or
the Business for any taxable period for which the other party may have liability under this Agreement. Purchaser and Sellers shall furnish, or cause their respective Affiliates to furnish, to each other copies of all correspondence received from any
taxing authority in connection with any tax audit or information request with respect to any taxable period for which the other party or its Affiliates may have liability under this Agreement. 

(d) Real and personal property Taxes and assessments, and all rents, utilities and other charges, on the Acquired Assets for any taxable
period commencing on or prior to the Closing Date and ending after the Closing Date (the “Straddle Period Property Tax”) shall be prorated on a per diem basis between Purchaser and Sellers as of the Closing Date; provided,
however, that Sellers shall not be responsible for, or benefit from, any increased or decreased assessments on real or personal property resulting from the transactions contemplated hereby. All such prorations of Straddle Period Property
Taxes shall be allocated so that items relating to time periods ending on or prior to the Closing Date shall be allocated to Sellers and items relating to time periods beginning after the Closing Date shall be allocated to Purchaser. The amount of
all such prorations shall be settled and paid on the Closing Date. If any of the rates for the Straddle Period Property Taxes for any taxable period commencing on or prior to the Closing Date and ending after the Closing Date are not established by
the Closing Date, the prorations shall be made on the basis of such rates in effect for the preceding taxable period. The apportioned obligations under this Section 7.1(d) shall be shall be timely paid and all applicable filings made in
the same manner as set forth for the apportioned Transfer Taxes in Section 7.1(a) and 7.1(b). 
 7.2 Waiver
of Bulk Sales Laws. To the greatest extent permitted by applicable Law, Purchaser and Sellers hereby waive compliance by Purchaser and Sellers with the terms of any bulk sales or similar Laws in any applicable jurisdiction in respect of the
transactions contemplated by this Agreement. Purchaser shall indemnify Sellers from and hold Sellers harmless from and against any Liabilities, damages, costs and expenses (including reasonable attorneys’ fees) resulting from or arising out of
(i) the parties’ failure to comply with any such bulk sales Laws in respect of the transactions contemplated by this Agreement or (ii) any action brought or levy made as a result thereof. The Sale Order shall exempt Sellers and
Purchaser from compliance with any such Laws. 

  
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 ARTICLE 8 
 BANKRUPTCY COURT MATTERS 
 8.1 Sale Motion. Sellers shall
file with the Bankruptcy Court on the Petition Date, a motion or motions (the “Sale Motion”) seeking the Bankruptcy Court’s approval of the Bidding Procedures Order (which shall include a provision permitting payment of the
Expense Reimbursement in accordance with this Agreement) and the Sale Order. Sellers shall affix or submit to the Court a true, correct and complete copy of this Agreement to the Sale Motion filed with the Bankruptcy Court. The Sale Motion shall
request, among other things, (i) the scheduling of the date for the Auction to be commenced no later than March 25, 2013, and the date for the Sale Hearing to be not more than two (2) Business Days after the Auction, (ii) the
entry of the Bidding Procedures Order attached as Exhibit C and (iii) the entry of the Sale Order attached as Exhibit B. 
 8.2 Sale Order. Sellers shall use reasonable best efforts to obtain entry of the Sale Order approving the transactions contemplated by this Agreement and such Sale Order shall be in form and
substance satisfactory to Purchaser in its sole discretion granting, among other things, that (i) such sale shall be, to the fullest extent permitted by the Bankruptcy Code, pursuant to Sections 105, 363(b) and 363(f) of the Bankruptcy Code,
free and clear of all Claims, Liens and Liabilities, other than Permitted Liens and Assumed Liabilities; (ii) all Contracts required to be assumed by Sellers and assigned to Purchaser are so assumed and assigned free and clear of all Claims,
Liens and Liabilities, other than Permitted Liens and Assumed Liabilities, to the fullest extent permitted by Section 365 of the Bankruptcy Code; (iii) Purchaser is deemed to have purchased the Acquired Assets in good faith pursuant to
Section 363(m) of the Bankruptcy Code; and (iv) Sellers are authorized and directed to execute, upon request by Purchaser, one or more assignments in form, substance, and number reasonably acceptable to Purchaser, evidencing the conveyance
of the Acquired Assets to Purchaser and/or its Designees. 
 8.3 Procedure. Subject to its obligations as a
debtor-in-possession, Sellers shall promptly make any filings, take all actions and use reasonable best efforts to obtain any and all relief from the Bankruptcy Court that is necessary or appropriate to consummate the transactions contemplated by
this Agreement and the Ancillary Agreements. Sellers shall provide Purchaser with drafts of any and all pleadings and proposed orders to be filed or submitted in connection with this Agreement for Purchaser’s prior review and comment and shall
cooperate with Purchaser to make reasonable changes. Sellers agree to diligently prosecute the entry of the Bidding Procedures Order and the Sale Order. In the event the entry of the Bidding Procedures Order or the Sale Order shall be appealed,
Sellers shall use their reasonable best efforts to defend such appeal. Notwithstanding the foregoing, any resulting changes to this Agreement or any Ancillary Agreement or any resulting changes to the Orders shall be subject to Purchaser’s
approval in its sole discretion. 
 8.4 Purchaser Protections. Sellers shall pay to Purchaser the Expense Reimbursement
pursuant to the terms and conditions set forth in Section 11.3. 

  
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 ARTICLE 9 
 CONDITIONS PRECEDENT TO PERFORMANCE BY THE PARTIES 
 9.1
Conditions Precedent to Performance by Sellers. The obligation of Sellers to consummate the transactions contemplated by this Agreement is subject to the fulfillment, at or before the Closing, of the following conditions, any one or more of
which (other than the conditions contained in Section 9.1(c) and Section 9.1(d)) may be waived by Sellers, in their sole discretion: 
 (a) Representations and Warranties of Purchaser. The representations and warranties of Purchaser made in this Agreement that are qualified by a materiality standard, in each case, shall be true and
correct in all respects on and as of the Closing Date (except for any such representation or warranty of Purchaser made as of a specific date, which shall be true and correct in all respects as of such specific date), and the representations and
warranties of Purchaser made in this Agreement that are not qualified by a materiality standard, in each case, shall be true and correct in all material respects on and as of the Closing Date (except for any such representation or warranty of
Purchaser made as of a specific date, which shall be true and correct in all material respects as of such specific date). 
 (b)
Performance of the Obligations of Purchaser. Purchaser shall have performed in all material respects all obligations required under this Agreement or any Ancillary Agreement to which it is party that are to be performed by it at or before the
Closing (except with respect to (i) the obligation to pay the Purchase Price in accordance with the terms of this Agreement (which shall be paid at the Closing) and (ii) any obligations qualified by a materiality standard, which
obligations shall be performed in all respects as required under this Agreement). 
 (c) Bankruptcy Court Approval. The
Sale Order shall have been entered by the Bankruptcy Court, shall not have been modified, amended, rescinded or vacated in any respect and shall not be subject to a stay. 
 (d) No Violation of Orders. No preliminary or permanent injunction or other order of any Governmental Authority or Law that prevents the consummation of the transactions contemplated hereby shall
be in effect. 
 (e) Bidding Procedures Order. The Bidding Procedures Order shall have been entered by the Bankruptcy
Court, shall not have been modified, amended, rescinded or vacated in any respect and shall not be subject to a stay. 
 (f)
Assumption and Assignment of Contracts. Subject to Section 2.5, the Assigned Contracts designated hereunder as Assigned Contracts shall be so assumed and assigned to Purchaser by order of the Bankruptcy Court. 

(g) HSR. To the extent applicable, all waiting periods under the HSR Act applicable to this Agreement shall have expired or been
terminated. 
 (h) Deliveries. Purchaser shall have made the deliveries referenced in Section 10.3.

  
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 9.2 Conditions Precedent to the Performance by Purchaser. The obligations of
Purchaser to consummate the transactions contemplated by this Agreement are subject to the fulfillment, at or before the Closing, of the following conditions, any one or more of which (other than the conditions contained in
Section 9.2(c), Section 9.2(d) and Section 9.2(e), except as expressly provided therein) may be waived by Purchaser, in its sole discretion: 
 (a) Representations and Warranties of Sellers. The representations and warranties of Sellers made in this Agreement that are qualified by a materiality standard, in each case, shall be true and
correct in all respects on and as of the Closing Date (except for any such representation or warranty of Purchaser made as of a specific date, which shall be true and correct in all respects as of such specific date), and the representations and
warranties of Sellers made in this Agreement that are not qualified by a materiality standard, in each case, shall be true and correct in all material respects on and as of the Closing Date (except for any such representation or warranty of
Purchaser made as of a specific date, which shall be true and correct in all material respects as of such specific date). 
 (b)
Performance of the Obligations of Sellers. Sellers shall have performed in all material respects all obligations required under this Agreement or any Ancillary Agreement to which each of them is party that are to be performed by them at or
before the Closing (except with respect to any obligations qualified by a materiality standard, which obligations shall be performed in all respects as required under this Agreement). 

(c) DIP Orders. The DIP Orders shall be in full force and effect, shall not be the subject of a pending appeal and shall not have
been stayed, vacated, modified or supplemented without the prior written consent of Purchaser. 
 (d) Bankruptcy Court
Approval. The Sale Order shall have been entered in form and substance reasonably acceptable to Purchaser by the Bankruptcy Court, shall not have been modified, amended, rescinded or vacated in any respect and shall not be subject to a stay.

 (e) No Violation of Orders. No preliminary or permanent injunction or other order of any Governmental Authority or Law
that prevents the consummation of the transactions contemplated hereby shall be in effect. 
 (f) Bidding Procedures
Order. The Bidding Procedures Order shall have been entered by the Bankruptcy Court, shall not have been modified, amended, rescinded or vacated in any respect and shall not be subject to a stay. 

(g) Material Adverse Effect. There shall not have occurred a Material Adverse Effect. 

(h) Assumption and Assignment of Contracts. Subject to Section 2.5, the Assigned Contracts designated hereunder as
Assigned Contracts shall be so assumed and assigned to Purchaser by order of the Bankruptcy Court reasonably satisfactory to Purchaser. 
 (i) HSR. To the extent applicable, all waiting periods under the HSR Act applicable to this Agreement shall have expired or been terminated. 

  
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 (j) Consents and Approvals. All consents and approvals listed on Schedule
9.2(j) or waivers thereof shall have been obtained. 
 (k) Deliveries. Sellers shall have made the deliveries
referenced in Section 10.2. 
 ARTICLE 10 
 CLOSING AND DELIVERIES 
 10.1 Closing. The consummation and
effectuation of the transactions contemplated hereby pursuant to the terms and conditions of this Agreement (the “Closing”) shall be held two (2) Business Days after the date that all conditions to the parties’ obligations
to consummate the transactions contemplated herein have been satisfied (the “Closing Date”) (except for closing conditions that by their terms can only be satisfied on the Closing Date) or, if applicable, waived by the appropriate
party or parties, at 10:00 a.m., local time, at the offices of Akin Gump Strauss Hauer & Feld LLP, One Bryant Park, New York, New York 10036, or on such other date or at such other place and time as may be mutually agreed to in writing by
the parties. All proceedings to be taken and all documents to be executed and delivered by all parties at the Closing shall be deemed to have been taken and executed simultaneously and no proceedings shall be deemed to have been taken nor documents
executed or delivered until all have been taken, executed and delivered. 
 10.2 Sellers’ Deliveries. At the Closing:

 (a) the sale, transfer, assignment, conveyance and delivery by Sellers of the Acquired Assets to Purchaser shall be effected
by the execution and delivery by Sellers of (i) the Bill of Sale, (ii) the Assignment and Assumption Agreement and (iii) such other Ancillary Agreements (including additional bills of sale, endorsements, assignments and other
instruments of transfer and conveyance) as requested by Purchaser in form and substance reasonably satisfactory to Purchaser; 

(b) Sellers shall deliver an officer’s certificate, duly executed by an officer of Sellers, certifying the matters set forth in
Section 9.2(a) and Section 9.2(b), in form and substance reasonably satisfactory to Purchaser; 
 (c)
Each Seller shall deliver a non-foreign affidavit dated as of the Closing Date in form and substance required under Treasury Regulations issued pursuant to Section 1445 of the Code so that Purchaser is exempt from withholding any portion of the
Purchase Price; 
 (d) Sellers shall deliver a certified copy of the Sale Order; and 

(e) duly executed special warranty deeds (or local equivalent) in customary form and substance reasonably satisfactory to Sellers and
Purchaser conveying to Purchaser good and marketable fee title to the Owned Real Property free and clear of all Encumbrances other than Permitted Liens. 

  
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 10.3 Purchaser’s Deliveries. At the Closing, 

(a) Purchaser shall pay the Purchase Price; 
 (b) Purchaser shall deliver an officer’s certificate, duly executed by an officer of Purchaser, certifying the matters set forth in Section 9.1(a) and Section 9.1(b), in form
and substance reasonably satisfactory to Sellers; 
 (c) Purchaser shall deliver a release whereby Purchaser and its Affiliates
will release Sellers, its Affiliates and all present and former directors, officers, employees, agents and advisors (including legal counsel and financial advisors) of Sellers against any and all Claims, Liabilities, or other obligations arising
prior to the Closing Date, in form and substance reasonably satisfactory to Sellers; and 
 (d) Purchaser shall execute and
deliver to Sellers the Assignment and Assumption Agreement. 
 ARTICLE 11 

TERMINATION 
 11.1 Conditions of Termination. This Agreement may be terminated only in accordance with this Section 11.1. This Agreement may be terminated at any time before the Closing as follows:

 (a) by mutual written consent of SS and Purchaser; 
 (b) automatically and without any action or notice by either SS to Purchaser, or Purchaser to SS, immediately upon: 
 (i) the issuance of a final and nonappealable order, decree or ruling by a Governmental Authority to restrain, enjoin or otherwise prohibit the transfer of the Acquired Assets contemplated hereby;

 (ii) the acceptance by Sellers of an Alternate Transaction if, and only if, Purchaser is not designated as the
backup bidder at the completion of the Auction; or 
 (iii) the consummation of an Alternate Transaction.

 (c) by Purchaser: 
 (i) if the Bankruptcy Court has not entered (a) an interim order with respect to the DIP Credit Agreement within three (3) business days of the Petition Date and (b) a final order with
respect to the DIP Credit Agreement within twenty-five (25) days of the Petition Date, in each case, (x) which date Purchaser may waive or extend in its sole discretion and (y) in form and substance acceptable to Purchaser in its sole
discretion; 

  
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 (ii) if the Bidding Procedures Order shall not have been entered by
February 15, 2013 (or such later date as Purchaser may have designated in writing to SS); 
 (iii) if the
Auction has not commenced by March 25, 2013 (or such later date as Purchaser may have designated in writing to SS); 
 (iv) if the Bankruptcy Court has not entered the Sale Order by March 27, 2013 (or such later date as Purchaser may have designated in writing to SS); 

(v) if there has been a material violation or breach by any Seller of any representation, warranty or covenant contained
in this Agreement which (x) has rendered the satisfaction of any condition to the obligations of Purchaser impossible or is not curable or, if curable, has not been cured within ten (10) business days following receipt by Sellers of
written notice of such breach from Purchaser, and (y) has not been waived by Purchaser; provided that Purchaser shall not have the right to terminate this Agreement under this Section 11.1(c)(v) if Purchaser is then in material
breach of this Agreement; 
 (vi) if the Closing shall not have occurred by the fifteenth
(15th) day after the entry of the Sale Order and such
failure to close is not caused by or the result of Purchaser’s breach of this Agreement; 
 (vii) if, prior
to the Closing Date, Sellers’ Bankruptcy Cases shall be converted into a case under Chapter 7 of the Bankruptcy Code or dismissed, or if a trustee is appointed in the Bankruptcy Cases; 

(viii) if any Event of Default (as defined in the DIP Credit Agreement) shall have occurred, subject to any applicable
cure period, or Purchaser’s obligations under the DIP Credit Agreement are terminated; 
 (ix) if any
consent or approval listed on Schedule 9.2(j) has not been obtained (or the receipt thereof has not been waived by Purchaser); 
 (x) if there shall be excluded from the Acquired Assets any Assigned Contract that is not assignable or transferable pursuant to the Bankruptcy Code or otherwise without the consent of any Person other
than Sellers, to the extent that such consent shall not have been given prior to the Closing and the exclusion of such Assigned Contract would reasonably be expected to have a Material Adverse Effect; or 

(xi) within five (5) Business Days after delivery thereof, if Purchaser is not satisfied, in its sole discretion,
with any disclosure in the Schedules after delivery of the Schedules by Sellers in accordance with Section 6.1(d)(i). 
 (xii) if Sellers disclose, or Purchaser otherwise discovers, the existence of a Material Adverse Effect. 

  
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 (d) by SS, if there has been a material violation or breach by Purchaser of any agreement or
any representation or warranty contained in this Agreement which (A) has rendered the satisfaction of any condition to the obligations of Sellers impossible or is not curable or, if curable, has not been cured within ten (10) business days
following receipt by Purchaser of written notice of such breach from Sellers, and (B) has not been waived by Sellers; provided that SS shall not have the right to terminate this Agreement under this Section 11.1(d) if Sellers are
then in material breach of this Agreement. 
 11.2 Effect of Termination. In the event of termination pursuant to
Section 11.1, this Agreement shall become null and void and have no effect and neither party shall have any Liability to the other (other than those provisions of Article 11 and Article 12 that expressly survive termination
or obligations to be performed on or after the Closing), except that Purchaser or Sellers shall be liable to the other party for any damages suffered by such party on account of any prior material or willful breach hereof by Purchaser or Sellers, as
applicable. 
 11.3 Expense Reimbursement. 
 (a) If this Agreement is terminated pursuant to any provision of Section 11.1 other than Section 11.1(d), then Purchaser shall be deemed to have earned the Expense Reimbursement.
The Expense Reimbursement shall be paid in cash, without further order of the Bankruptcy Court, promptly following such termination. 
 (b) The parties acknowledge that the agreements contained in this Section 11.3 are an integral part of the transactions contemplated by this Agreement and that without these agreements neither
Sellers nor Purchaser would enter into this Agreement. 
 (c) Payments pursuant to this Section 11.3 shall be an
administrative expense priority obligation under Section 364(c)(1) of the Bankruptcy Code with priority over all expenses of the kind specified in Sections 503(b) and 507 of the Bankruptcy Code, subject to any super-priority claims of
Sellers’ post-petition lenders, and in all circumstances subject to the rights of the lenders under the ABL Credit Agreements, the Pre-Petition Credit Agreement and the DIP Credit Agreement. 

ARTICLE 12 

MISCELLANEOUS 
 12.1 Survival. Except for the provisions of Article 12, no representations, warranties, covenants and agreements of Sellers and Purchaser made in this Agreement shall survive the Closing Date
except where, and only to the extent that, the terms of any such covenant or agreement expressly provide for obligations extending after the Closing. Sellers hereby acknowledge that the obligation to pay the Expense Reimbursement (to the extent due
hereunder) shall survive the termination of this Agreement, and shall have administrative status against Sellers and their respective estates. 

  
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 12.2 Further Assurances. At the request and the sole expense of the requesting party,
Purchaser or Sellers, as applicable, shall execute and deliver, or cause to be executed and delivered, such documents as Purchaser or Sellers, as applicable, or their respective counsel may reasonably request to effectuate the purposes of this
Agreement and the Ancillary Agreements. Each party shall use reasonable best efforts to take, or cause to be taken, all other actions and to do, or cause to be done, all other things reasonably necessary, proper or advisable to consummate and make
effective as promptly as practicable the transactions contemplated hereby. 
 12.3 Successors and Assigns. 

(a) In accordance with Section 3.3, Purchaser shall have the right prior to Closing to assign its rights to receive all or any
part of the Acquired Assets and its obligations to assume all or any part of the Assumed Liabilities, in each case, to one or more Designees, provided that no such assignment shall relieve Purchaser of any of its obligations hereunder. 

(b) Sellers shall not assign this Agreement or any of their rights or obligations hereunder and any such assignment shall be void and of
no effect. This Agreement shall inure to the benefit of and shall be binding upon the successors and permitted assigns of the parties hereto, including any trustee appointed in any of the Bankruptcy Cases or subsequent Chapter 7 cases and Sellers,
if the Bankruptcy Cases are dismissed. 
 12.4 Governing Law; Jurisdiction. This Agreement shall be construed, performed
and enforced in accordance with, and governed by, the Laws of the State of New York (without giving effect to the principles of conflicts of Law thereof), except to the extent that the Laws of such state are superseded by the Bankruptcy Code or
other applicable federal Law. For so long as Sellers are subject to the jurisdiction of the Bankruptcy Court, the parties irrevocably elect, as the sole judicial forum for the adjudication of any matters arising under or in connection with the
Agreement, and consent to the exclusive jurisdiction of, the Bankruptcy Court. After Sellers are no longer subject to the jurisdiction of the Bankruptcy Court, the parties irrevocably elect, as the sole judicial forum for the adjudication of any
matters arising under or in connection with this Agreement, and consent to the jurisdiction of, any state or federal court having competent jurisdiction in New York. 
 12.5 Expenses. Except as otherwise provided in this Agreement, each of the parties shall pay their own expenses in connection with this Agreement and the transactions contemplated hereby, including
any legal and accounting fees and commissions or finder’s fees, whether or not the transactions contemplated hereby are consummated. Purchaser shall pay the cost of all surveys, title insurance policies and title reports ordered by Purchaser.

 12.6 Severability. In the event that any part of this Agreement is declared by any Governmental Authority to be null,
void or unenforceable, a suitable and equitable provision shall be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision, said provision shall survive to
the extent it is not so declared, and all of the other provisions of this Agreement shall remain in full force and effect only if, after excluding the portion deemed to be unenforceable and the application of any provision so substituted, the
remaining terms shall provide for the consummation of the transactions contemplated hereby in substantially the same manner as originally set forth at the later of (a) the Execution Date and (b) the date this Agreement was last amended.

  
 54 

 12.7 Notices. 

(a) All notices, requests, demands, consents and other communications under this Agreement shall be in writing and shall be deemed to have
been duly given (i) on the date of service, if served personally on the party to whom notice is to be given; (ii) on the day after delivery to Federal Express or similar overnight courier or the Express Mail service maintained by the
United States Postal Service addressed to the party to whom notice is to be given, if served via Federal Express or similar overnight courier or Express Mail service; (iii) on the date sent by facsimile, with confirmation of transmission, if
sent during normal business hours of the recipient, if not, then on the next Business Day; or (iv) on the third day after mailing, if mailed to the party to whom notice is to be given, by first class mail, registered or certified, postage
prepaid and properly addressed, to the party as follows: 
  

			
	If to Sellers:	  	School Specialty, Inc.
		  	W6316 Design Drive
		  	Greenville, WI 54942
		  	Attn: Michael P. Lavelle, CEO
		  	Fax: (920) 882-5863
	
	With a copy to (which shall not constitute notice):
		
		  	Paul, Weiss, Rifkind, Wharton & Garrison LLP
		  	1285 Avenue of the Americas
		  	New York, NY 10019-6064
		  	Attn: Jeffrey Saferstein and Tarun Stewart
		  	Fax: (212) 492-0347
		
	If to Purchaser:	  	c/o Bayside Finance, LLC
		  	500 Boylston Street
		  	13th Floor
		  	Boston, MA 02116
		  	Attn: Jackson Craig
		  	Fax: (617) 262-1505
	
	With a copy to (which shall not constitute notice):
		
		  	Akin Gump Strauss Hauer & Feld LLP
		  	One Bryant Park
		  	New York, NY 10036
		  	Attn: Michael S. Stamer and Stephen B. Kuhn
		  	Fax: (212) 872-1002

  
 55 

 (b) Any party may change its address or facsimile number for the purpose of this
Section 12.7 by giving the other parties written notice of its new address in the manner set forth above. 
 12.8
Amendments; Waivers. This Agreement may be amended or modified, and any of the terms, covenants, representations, warranties or conditions hereof may be waived, only by a written instrument executed by Purchaser and Sellers, or in the case of
a waiver, by the party waiving compliance. Any waiver by any party of any condition, or of the breach of any provision, term, covenant, representation or warranty contained in this Agreement, in any one or more instances, shall not be deemed to be
or construed as a furthering or continuing waiver of any such condition, or of the breach of any other provision, term, covenant, representation or warranty of this Agreement. 
 12.9 Entire Agreement. This Agreement and the Ancillary Agreements, including all schedules and exhibits hereto and thereto, contain the entire understanding between the parties with respect to the
transactions contemplated hereby and supersede and replace all prior and contemporaneous agreements and understandings, oral or written, with regard to such transactions. 
 12.10 Sellers Disclosures. After notice to and consultation with Purchaser, Sellers shall be entitled to disclose, if required by applicable Law or by order of the Bankruptcy Court, this Agreement
and all information provided by Purchaser in connection herewith to the Bankruptcy Court, the United States Trustee, parties in interest in the Bankruptcy Cases and other Persons bidding on assets of Sellers. Other than statements made in the
Bankruptcy Court (or in pleadings filed therein), Sellers shall not issue (prior to, on or after the Closing) any press release or make any public statement or public communication with respect to this Agreement or the transactions contemplated
hereby without the prior written consent of Purchaser, which consent shall not be unreasonably withheld, delayed or conditioned. The foregoing shall not prevent Sellers from publishing the existence or terms of this Agreement (or the Agreement
itself) as necessary in the Sale Motion or otherwise in connection with the Bankruptcy Cases. 
 12.11 Headings. The
article and section headings in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement. 
 12.12 Electronic Delivery; Counterparts. This Agreement and any signed agreement or instrument entered into in connection with this Agreement, and any amendments hereto or thereto, may be executed
in one or more counterparts, all of which shall constitute one and the same instrument. Any such counterpart, to the extent delivered by means of a facsimile machine or by .pdf, .tif, .gif, .jpg or similar attachment to electronic mail (any such
delivery, an “Electronic Delivery”) shall be treated in all manner and respects as an original executed counterpart and shall be considered to have the same binding legal effect as if it were the original signed version thereof
delivered in person. At the request of any party hereto, each other party hereto shall re-execute the original form of this Agreement and deliver such form to all other parties. No party hereto shall raise the use of Electronic Delivery to deliver a
signature or the fact that any signature or agreement or instrument was transmitted or communicated through the 
 use of Electronic Delivery as
a defense to the formation of a contract, and each such party forever waives any such defense, except to the extent such defense relates to lack of authenticity. 

  
 56 

 12.13 Waiver of Jury Trial. 

(a) EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY LITIGATION, ACTION, PROCEEDING, CROSS-CLAIM, OR
COUNTERCLAIM IN ANY COURT (WHETHER BASED ON CONTRACT, TORT, OR OTHERWISE) ARISING OUT OF, RELATING TO OR IN CONNECTION WITH (i) THIS AGREEMENT OR THE VALIDITY, PERFORMANCE, INTERPRETATION, COLLECTION OR ENFORCEMENT HEREOF OR (ii) THE
ACTIONS OF SUCH PARTY IN THE NEGOTIATION, AUTHORIZATION, EXECUTION, DELIVERY, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT HEREOF. EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO THIS AGREEMENT, AND THAT EACH
WILL CONTINUE TO RELY ON THIS WAIVER IN THEIR RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH LEGAL COUNSEL OF ITS OWN CHOOSING, OR HAS HAD AN OPPORTUNITY TO DO SO, AND THAT IT
KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS, HAVING HAD THE OPPORTUNITY TO CONSULT WITH LEGAL COUNSEL. 
 (b) THIS
WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS, OR MODIFICATIONS TO THIS AGREEMENT. IN THE EVENT OF LITIGATION, THIS AGREEMENT
MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT WITHOUT A JURY. 
 12.14 Third Party Beneficiaries. No provision
of this Agreement (including Section 6.5) is intended to confer upon any Person other than the parties hereto any rights or remedies hereunder. 
 12.15 Specific Performance. Sellers and Purchaser agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their
specific terms or were otherwise breached. Accordingly, Sellers and Purchaser shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement, in addition
to any other remedy to which they are entitled at Law or in equity. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 57 

 IN WITNESS WHEREOF, the parties hereto have caused this Asset Purchase Agreement to be
executed by their respective officers thereunto duly authorized as of the date first above written. 
  

					
	PURCHASER:
	
	BAYSIDE SCHOOL SPECIALTY, LLC
		
	By:	 	/s/ Richard Siegel
		 	Name:	 	Richard Siegel
		 	Its:	 	Authorized Signatory

 [SIGNATURE PAGE TO AMENDED AND RESTATED ASSET PURCHASE AGREEMENT] 

 
					
	SELLERS:
	
	SCHOOL SPECIALTY, INC.
		
	By:	 	/s/ David N. Vander Ploeg
		 	Name:	 	David N. Vander Ploeg
		 	Title:	 	CFO and Treasurer
	
	CLASSROOMDIRECT.COM, LLC
		
	By:	 	/s/ David N. Vander Ploeg
		 	Name:	 	David N. Vander Ploeg
		 	Title:	 	Vice President and Treasurer
	
	DELTA EDUCATION, LLC
		
	By:	 	/s/ David N. Vander Ploeg
		 	Name:	 	David N. Vander Ploeg
		 	Title:	 	Vice President and Treasurer
	
	SPORTIME, LLC
		
	By:	 	/s/ David N. Vander Ploeg
		 	Name:	 	David N. Vander Ploeg
		 	Title:	 	Vice President and Treasurer
	
	CHILDCRAFT EDUCATION CORP.
		
	By:	 	/s/ David N. Vander Ploeg
		 	Name:	 	David N. Vander Ploeg
		 	Title:	 	Vice President and Treasurer

 [SIGNATURE PAGE TO AMENDED AND RESTATED ASSET PURCHASE AGREEMENT] 

 
					
	SELLERS:
	
	BIRD-IN-HAND WOODWORKS, INC.
		
	By:	 	/s/ David N. Vander Ploeg
		 	Name:	 	David N. Vander Ploeg
		 	Title:	 	Vice President and Treasurer
	
	CALIFONE INTERNATIONAL, INC.
		
	By:	 	/s/ David N. Vander Ploeg
		 	Name:	 	David N. Vander Ploeg
		 	Title:	 	Vice President and Treasurer
	
	PREMIER AGENDAS, INC.
		
	By:	 	/s/ David N. Vander Ploeg
		 	Name:	 	David N. Vander Ploeg
		 	Title:	 	Vice President and Treasurer
	
	FREY SCIENTIFIC, INC.
		
	By:	 	/s/ David N. Vander Ploeg
		 	Name:	 	David N. Vander Ploeg
		 	Title:	 	Vice President and Treasurer
	
	SAX ARTS & CRAFTS, INC.
		
	By:	 	/s/ David N. Vander Ploeg
		 	Name:	 	David N. Vander Ploeg
		 	Title:	 	Vice President and Treasurer

 [SIGNATURE PAGE TO AMENDED AND RESTATED ASSET PURCHASE AGREEMENT]EX-10.28

 Exhibit 10.28 

 
  

 
  

			
	

	  	 DEBTOR-IN-POSSESSION CREDIT AGREEMENT

	  	 by and among

	  	 WELLS FARGO CAPITAL FINANCE, LLC

 as Administrative Agent, 
 WELLS FARGO CAPITAL FINANCE, LLC and GENERAL ELECTRIC CAPITAL CORPORATION, 

as Co-Collateral Agents, 
 WELLS FARGO CAPITAL FINANCE, LLC and GE CAPITAL MARKETS, INC. 
 as
Co-Lead Arrangers and Joint Book Runners, 
 GENERAL ELECTRIC CAPITAL CORPORATION 

as Syndication Agent, 
 THE LENDERS THAT ARE PARTIES HERETO 
 as the Lenders, 

SCHOOL SPECIALTY, INC. 
 CLASSROOMDIRECT.COM, LLC 
 SPORTIME, LLC 

DELTA EDUCATION, LLC 
 PREMIER AGENDAS, INC. 
 CHILDCRAFT EDUCATION CORP. 

BIRD-IN-HAND WOODWORKS, INC. 
 and 
 CALIFONE INTERNATIONAL, INC. 

as Borrowers 
 Dated as of January 31, 2013 
  

 
  

 TABLE OF CONTENTS 

 
  

							
	 	 	 	  	Page	 
	1. DEFINITIONS AND CONSTRUCTION	  	 	2	  
	 1.1.
	 	 Definitions
	  	 	2	  
	 1.2.
	 	 Accounting Terms
	  	 	2	  
	 1.3.
	 	 Code
	  	 	2	  
	 1.4.
	 	 Construction
	  	 	2	  
	 1.5.
	 	 Time References
	  	 	3	  
	 1.6.
	 	 Schedules and Exhibits
	  	 	4	  
		
	2. LOANS AND TERMS OF PAYMENT	  	 	4	  
	 2.1.
	 	 Revolving Loans
	  	 	4	  
	 2.2.
	 	 Intentionally Omitted
	  	 	5	  
	 2.3.
	 	 Borrowing Procedures and Settlements
	  	 	5	  
	 2.4.
	 	 Payments; Reductions of Commitments; Prepayments
	  	 	13	  
	 2.5.
	 	 Promise to Pay
	  	 	18	  
	 2.6.
	 	 Interest Rates and Letter of Credit Fee: Rates, Payments, and Calculations
	  	 	19	  
	 2.7.
	 	 Crediting Payments
	  	 	20	  
	 2.8.
	 	 Designated Account
	  	 	21	  
	 2.9.
	 	 Maintenance of Loan Account; Statements of Obligations
	  	 	21	  
	 2.10.
	 	 Fees
	  	 	21	  
	 2.11.
	 	 Letters of Credit
	  	 	22	  
	 2.12.
	 	 LIBOR Option
	  	 	29	  
	 2.13.
	 	 Capital Requirements
	  	 	32	  
	 2.14.
	 	 Joint and Several Liability of Borrowers
	  	 	33	  
		
	3. CONDITIONS; TERM OF AGREEMENT	  	 	35	  
	 3.1.
	 	 Conditions Precedent to the Initial Extension of Credit
	  	 	35	  
	 3.2.
	 	 Conditions Precedent to all Extensions of Credit
	  	 	36	  
	 3.3.
	 	 Maturity
	  	 	36	  
	 3.4.
	 	 Effect of Maturity
	  	 	36	  
	 3.5.
	 	 Early Termination by Borrowers
	  	 	37	  

  
 -i-

 TABLE OF CONTENTS 

 
  

							
	 	 	 	  	Page	 
	 4. REPRESENTATIONS AND WARRANTIES
	  	 	37	  
	 4.1.
	 	 Due Organization and Qualification; Subsidiaries
	  	 	37	  
	 4.2.
	 	 Due Authorization; No Conflict
	  	 	38	  
	 4.3.
	 	 Governmental Consents
	  	 	38	  
	 4.4.
	 	 Binding Obligations; Perfected Liens
	  	 	39	  
	 4.5.
	 	 Title to Assets; No Encumbrances
	  	 	39	  
	 4.6.
	 	 Litigation
	  	 	39	  
	 4.7.
	 	 Compliance with Laws
	  	 	39	  
	 4.8.
	 	 No Material Adverse Effect
	  	 	40	  
	 4.9.
	 	 No Fraudulent Conveyance
	  	 	40	  
	 4.10.
	 	 Employee Benefits
	  	 	40	  
	 4.11.
	 	 Environmental Condition
	  	 	40	  
	 4.12.
	 	 Complete Disclosure
	  	 	40	  
	 4.13.
	 	 Patriot Act
	  	 	41	  
	 4.14.
	 	 Indebtedness
	  	 	41	  
	 4.15.
	 	 Payment of Taxes
	  	 	41	  
	 4.16.
	 	 Margin Stock
	  	 	42	  
	 4.17.
	 	 Governmental Regulation
	  	 	42	  
	 4.18.
	 	 OFAC
	  	 	42	  
	 4.19.
	 	 Employee and Labor Matters
	  	 	42	  
	 4.20.
	 	 Intentionally Omitted
	  	 	43	  
	 4.21.
	 	 Leases
	  	 	43	  
	 4.22.
	 	 Eligible Accounts
	  	 	43	  
	 4.23.
	 	 Eligible Inventory
	  	 	43	  
	 4.24.
	 	 Location of Inventory
	  	 	43	  
	 4.25.
	 	 Inventory Records
	  	 	43	  
	 4.26.
	 	 Other Documents
	  	 	43	  
	 4.27.
	 	 Matters Relating to Liens and Property Rights
	  	 	43	  
	 4.28.
	 	 Budget
	  	 	44	  
	 4.29.
	 	 Financing Order
	  	 	44	  

  
 -ii-

 TABLE OF CONTENTS 

 
  

							
	 	 	 	  	Page	 
	5. AFFIRMATIVE COVENANTS	  	 	44	  
	 5.1.
	 	 Financial Statements, Reports, Certificates
	  	 	44	  
	 5.2.
	 	 Reporting
	  	 	44	  
	 5.3.
	 	 Existence
	  	 	45	  
	 5.4.
	 	 Maintenance of Properties
	  	 	45	  
	 5.5.
	 	 Taxes
	  	 	45	  
	 5.6.
	 	 Insurance
	  	 	45	  
	 5.7.
	 	 Inspection
	  	 	46	  
	 5.8.
	 	 Compliance with Laws
	  	 	46	  
	 5.9.
	 	 Environmental
	  	 	46	  
	 5.10.
	 	 Disclosure Updates
	  	 	47	  
	 5.11.
	 	 Intentionally omitted
	  	 	47	  
	 5.12.
	 	 Further Assurances
	  	 	47	  
	 5.13.
	 	 Chief Restructuring Officer
	  	 	47	  
	 5.14.
	 	 Location of Inventory
	  	 	48	  
	 5.15.
	 	 Guarantor Reports
	  	 	48	  
	 5.16.
	 	 Bankruptcy Transaction Milestones
	  	 	48	  
		
	6. NEGATIVE COVENANTS	  	 	48	  
	 6.1.
	 	 Indebtedness
	  	 	48	  
	 6.2.
	 	 Liens
	  	 	48	  
	 6.3.
	 	 Restrictions on Fundamental Changes
	  	 	49	  
	 6.4.
	 	 Disposal of Assets
	  	 	49	  
	 6.5.
	 	 Nature of Business
	  	 	49	  
	 6.6.
	 	 Prepayments and Amendments
	  	 	49	  
	 6.7.
	 	 Restricted Payments
	  	 	50	  
	 6.8.
	 	 Accounting Methods
	  	 	50	  
	 6.9.
	 	 Investments
	  	 	50	  
	 6.10.
	 	 Transactions with Affiliates
	  	 	50	  
	 6.11.
	 	 Use of Proceeds
	  	 	51	  
	 6.12.
	 	 Limitation on Issuance of Equity Interests
	  	 	51	  
	 6.13.
	 	 Inventory at Bailees
	  	 	51	  

  
 -iii-

 TABLE OF CONTENTS 

 
  

							
	 	 	 	  	Page	 
	 6.14.
	 	 Financing Order; Administrative Expense Priority; Payments
	  	 	52	  
	 6.15.
	 	 Variance Test
	  	 	52	  
		
	7. [INTENTIONALLY OMITTED]	  	 	54	  
		
	8. EVENTS OF DEFAULT	  	 	54	  
	 8.1.
	 	 Payments
	  	 	54	  
	 8.2.
	 	 Covenants
	  	 	54	  
	 8.3.
	 	 Judgments
	  	 	55	  
	 8.4.
	 	 Existing Loan Documents
	  	 	55	  
	 8.5.
	 	 Intentionally Omitted
	  	 	55	  
	 8.6.
	 	 Default Under Other Agreements
	  	 	55	  
	 8.7.
	 	 Representations, etc.
	  	 	55	  
	 8.8.
	 	 Guaranty
	  	 	55	  
	 8.9.
	 	 Security Documents
	  	 	55	  
	 8.10.
	 	 Loan Documents
	  	 	56	  
	 8.11.
	 	 Change in Control
	  	 	56	  
	 8.12.
	 	 Bankruptcy Matters
	  	 	56	  
		
	9. RIGHTS AND REMEDIES	  	 	58	  
	 9.1.
	 	 Rights and Remedies
	  	 	58	  
	 9.2.
	 	 Remedies Cumulative
	  	 	59	  
		
	10. WAIVERS; INDEMNIFICATION	  	 	59	  
	 10.1.
	 	 Demand; Protest; etc.
	  	 	59	  
	 10.2.
	 	 The Lender Group’s Liability for Collateral
	  	 	60	  
	 10.3.
	 	 Indemnification
	  	 	60	  
		
	11. NOTICES	  	 	61	  
		
	12. CHOICE OF LAW AND VENUE; JURY TRIAL WAIVER; JUDICIAL REFERENCE PROVISION	  	 	62	  
		
	13. ASSIGNMENTS AND PARTICIPATIONS; SUCCESSORS	  	 	64	  
	 13.1.
	 	 Assignments and Participations
	  	 	64	  
	 13.2.
	 	 Successors
	  	 	68	  

  
 -iv-

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	14. AMENDMENTS; WAIVERS	  	 	68	  
	 14.1.
	 	 Amendments and Waivers
	  	 	68	  
	 14.2.
	 	 Replacement of Certain Lenders
	  	 	71	  
	 14.3.
	 	 No Waivers; Cumulative Remedies
	  	 	72	  
		
	15. AGENT; THE LENDER GROUP	  	 	72	  
	 15.1.
	 	 Appointment and Authorization of Agent
	  	 	72	  
	 15.2.
	 	 Delegation of Duties
	  	 	73	  
	 15.3.
	 	 Liability of Agent
	  	 	73	  
	 15.4.
	 	 Reliance by Agents
	  	 	74	  
	 15.5.
	 	 Notice of Default or Event of Default
	  	 	74	  
	 15.6.
	 	 Credit Decision
	  	 	75	  
	 15.7.
	 	 Costs and Expenses; Indemnification
	  	 	75	  
	 15.8.
	 	 Agent in Individual Capacity
	  	 	76	  
	 15.9.
	 	 Successor Agent
	  	 	77	  
	 15.10.
	 	 Lender in Individual Capacity
	  	 	77	  
	 15.11.
	 	 Collateral Matters
	  	 	78	  
	 15.12.
	 	 Restrictions on Actions by Lenders; Sharing of Payments
	  	 	79	  
	 15.13.
	 	 Agency for Perfection
	  	 	80	  
	 15.14.
	 	 Payments by Agent to the Lenders
	  	 	80	  
	 15.15.
	 	 Concerning the Collateral and Related Loan Documents
	  	 	80	  
	 15.16.
	 	 Field Examination Reports; Confidentiality; Disclaimers by Lenders; Other Reports and Information
	  	 	81	  
	 15.17.
	 	 Several Obligations; No Liability
	  	 	82	  
	 15.18.
	 	 Co-Lead Arrangers, Syndication Agent and Joint Book Runners
	  	 	82	  
		
	16. WITHHOLDING TAXES	  	 	82	  
	 16.1.
	 	 Payments
	  	 	82	  
	 16.2.
	 	 Exemptions
	  	 	83	  
	 16.3.
	 	 Reductions
	  	 	84	  
	 16.4.
	 	 Refunds
	  	 	85	  
	 16.5.
	 	 Tax Indemnity
	  	 	85	  

  
 -v-

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	17. GENERAL PROVISIONS	  	 	86	  
	 17.1.
	 	 Effectiveness
	  	 	86	  
	 17.2.
	 	 Section Headings
	  	 	86	  
	 17.3.
	 	 Interpretation
	  	 	86	  
	 17.4.
	 	 Severability of Provisions
	  	 	86	  
	 17.5.
	 	 Bank Product Providers
	  	 	86	  
	 17.6.
	 	 Debtor-Creditor Relationship
	  	 	87	  
	 17.7.
	 	 Counterparts; Electronic Execution
	  	 	87	  
	 17.8.
	 	 Revival and Reinstatement of Obligations; Certain Waivers
	  	 	87	  
	 17.9.
	 	 Confidentiality.
	  	 	88	  
	 17.10.
	 	 Survival
	  	 	89	  
	 17.11.
	 	 Patriot Act
	  	 	89	  
	 17.12.
	 	 Integration
	  	 	90	  
	 17.13.
	 	 Split Lien Intercreditor Agreement
	  	 	90	  
	 17.14.
	 	 Parent as Agent for Borrowers
	  	 	90	  
	 17.15.
	 	 Senior Debt
	  	 	91	  

  
 -vi-

 EXHIBITS AND SCHEDULES 

 

			
	Exhibit A-1	  	Form of Assignment and Acceptance
	Exhibit A-2	  	Reserved
	Exhibit B-1	  	Form of Borrowing Base Certificate
	Exhibit B-2	  	Form of Bank Product Letter Agreement
	Exhibit C-1	  	Form of Compliance Certificate
	Exhibit L-1	  	Form of LIBOR Notice
	Exhibit F-1	  	Form of Interim Order
		
	Schedule A-1	  	Agent’s Account
	Schedule A-2	  	Authorized Persons
	Schedule C-1	  	Commitments
	Schedule D-1	  	Designated Account
	Schedule E-1	  	Eligible Inventory Locations
	Schedule E-2	  	Existing Loan Documents
	Schedule P-1	  	Permitted Investments
	Schedule P-2	  	Permitted Liens
	Schedule R-1	  	Real Property Collateral
	Schedule 2.11	  	Existing Letters of Credit
	Schedule 3.1	  	Conditions Precedent
	Schedule 4.1(b)	  	Capitalization of Parent
	Schedule 4.1(c)	  	Capitalization of Parent’s Subsidiaries
	Schedule 4.6	  	Litigation
	Schedule 4.11	  	Environmental Matters
	Schedule 4.14	  	Permitted Indebtedness
	Schedule 4.24	  	Location of Inventory
	Schedule 5.1	  	Financial Statements, Reports, Certificates
	Schedule 5.2	  	Collateral Reporting
	Schedule 5.16	  	Milestones
	Schedule 6.4	  	Permitted Dispositions
	Schedule 6.5	  	Nature of Business

  
 -vii-

 DEBTOR-IN-POSSESSION CREDIT AGREEMENT 

THIS DEBTOR-IN-POSSESSION CREDIT AGREEMENT (this “Agreement”), is entered into as of January 31, 2013, by and among
the lenders identified on the signature pages hereof (each of such lenders, together with its successors and permitted assigns, is referred to hereinafter as a “Lender”, as that term is hereinafter further defined), WELLS FARGO
CAPITAL FINANCE, LLC, a Delaware limited liability company, as administrative agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, “Agent”), WELLS FARGO CAPITAL FINANCE, LLC,
a Delaware limited liability company, and GE CAPITAL MARKETS, INC., a Delaware corporation, as co-lead arrangers (in such capacities, together with their successors and assigns in such capacities, the “Co-Lead Arrangers”),
WELLS FARGO CAPITAL FINANCE, LLC, a Delaware limited liability company, and GE CAPITAL MARKETS, INC., a Delaware corporation, as joint book runners (in such capacities, together with their successors and assigns in such capacities,
the “Joint Book Runners”), GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation, as syndication agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the
“Syndication Agent”), WELLS FARGO CAPITAL FINANCE, LLC, a Delaware limited liability company, and GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation, in their respective capacities as co-collateral agents for the
Lenders (in such capacities, together with their successors and assigns in such capacities, “Co-Collateral Agents”), SCHOOL SPECIALTY, INC., a Wisconsin corporation (“Parent”), CLASSROOMDIRECT.COM,
LLC, a Delaware limited liability company (“ClassroomDirect”), SPORTIME, LLC, a Delaware limited liability company (“Sportime”), DELTA EDUCATION, LLC, a Delaware limited liability company
(“Delta Education”), PREMIER AGENDAS, INC., a Washington corporation (“Premier Agendas”), CHILDCRAFT EDUCATION CORP., a New York corporation (“Childcraft”), BIRD-IN-HAND WOODWORKS,
INC., a New Jersey corporation (“Bird-In-Hand”), and CALIFONE INTERNATIONAL, INC., a Delaware corporation (“Califone”; Parent, ClassroomDirect, Sportime, Delta Education, Premier Agendas, Childcraft,
Bird-In-Hand and Califone are collectively “Borrowers” and each a “Borrower”). 
 WHEREAS, on
January 28, 2013 (the “Filing Date”), Borrowers and Guarantors (other than Select Agendas, Corp.) filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code (as hereinafter defined) in the United States
Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”); 
 WHEREAS, Borrowers are continuing to
operate their businesses and manage their properties as debtors-in-possession under Sections 1107 and 1108 of the Bankruptcy Code; 
 WHEREAS, Borrowers have requested that Lenders provide a secured revolving credit facility to Borrowers in order to (i) fund the continued operation of Borrowers’ businesses as debtor and
debtor-in-possession under the Bankruptcy Code and (ii) repay in full the Existing Secured Obligations (as hereinafter defined); and 

  
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 WHEREAS, the Lenders are willing to make available to Borrowers such postpetition loans,
other extensions of credit and financial accommodations upon the terms and subject to the conditions set forth herein. 
 The
parties agree as follows: 
 1. DEFINITIONS AND CONSTRUCTION. 

1.1. Definitions. Capitalized terms used in this Agreement shall have the meanings specified therefor on Schedule
1.1. 
 1.2. Accounting Terms. All accounting terms not specifically defined herein shall be construed in
accordance with GAAP; provided, that if Administrative Borrower notifies Agent that Borrowers request an amendment to any provision hereof to eliminate the effect of any Accounting Change occurring after the Closing Date or in the application
thereof on the operation of such provision (or if Agent notifies Administrative Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such
Accounting Change or in the application thereof, then Agent and Borrowers agree that they will negotiate in good faith amendments to the provisions of this Agreement that are directly affected by such Accounting Change with the intent of having the
respective positions of the Lenders and Borrowers after such Accounting Change conform as nearly as possible to their respective positions prior to such Accounting Change and, until any such amendments have been agreed upon and agreed to by the
Required Lenders, the provisions in this Agreement shall be calculated as if no such Accounting Change had occurred. When used herein, the term “financial statements” shall include the notes and schedules thereto. Whenever the term
“Parent” is used in respect of a financial covenant or a related definition, it shall be understood to mean Parent and its Subsidiaries on a consolidated basis, unless the context clearly requires otherwise. Notwithstanding anything to the
contrary contained herein, (a) all financial statements delivered hereunder shall be prepared, and all financial covenants contained herein shall be calculated, without giving effect to any election under the Statement of Financial Accounting
Standards No. 159 (or any similar accounting principle) permitting a Person to value its financial liabilities or Indebtedness at the fair value thereof, and (b) the term “unqualified opinion” as used herein to refer to opinions
or reports provided by accountants shall mean an opinion or report that is (i) unqualified, and (ii) does not include any explanation, supplemental comment, or other comment concerning the ability of the applicable Person to continue as a
going concern or concerning the scope of the audit. 
 1.3. Code. Any terms used in this Agreement that are
defined in the Code shall be construed and defined as set forth in the Code unless otherwise defined herein; provided, that to the extent that the Code is used to define any term herein and such term is defined differently in different Articles of
the Code, the definition of such term contained in Article 9 of the Code shall govern. 
 1.4. Construction. Unless the
context of this Agreement or any other Loan Document clearly requires otherwise, references to the plural include the singular, references to the singular include the plural, the terms “includes” and “including” are not limiting,
and the term “or” has, except where otherwise indicated, the inclusive meaning represented by the phrase 

  
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“and/or.” The words “hereof,” “herein,” “hereby,” “hereunder,” and similar terms in this Agreement or any other Loan 

Document refer to this Agreement or such other Loan Document, as the case may be, as a whole and not to any particular provision of this Agreement or such
other Loan Document, as the case may be. Section, subsection, clause, schedule, and exhibit references herein are to this Agreement unless otherwise specified. Any reference in this Agreement or in any other Loan Document to any agreement,
instrument, or document shall include all alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements, thereto and thereof, as applicable (subject to any restrictions on such
alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements set forth herein). The words “asset” and “property” shall be construed to have the same meaning and
effect and to refer to any and all tangible and intangible assets and properties. Any reference herein or in any other Loan Document to the satisfaction, repayment, or payment in full of the Obligations shall mean (a) the payment or repayment
in full in immediately available funds of (i) the principal amount of, and interest accrued and unpaid with respect to, all outstanding Loans, together with the payment of any premium applicable to the repayment of the Loans, (ii) all
Lender Group Expenses that have accrued and are unpaid regardless of whether demand has been made therefor, (iii) all fees or charges that have accrued hereunder or under any other Loan Document (including the Letter of Credit Fee and the
Unused Line Fee) and are unpaid, (b) in the case of contingent reimbursement obligations with respect to Letters of Credit, providing Letter of Credit Collateralization, (c) in the case of obligations with respect to Bank Products (other
than Hedge Obligations), providing Bank Product Collateralization, (d) the receipt by Agent of cash collateral in order to secure any other contingent Obligations for which a claim or demand for payment has been made on or prior to such time or
in respect of matters or circumstances known to Agent or a Lender at such time that are reasonably expected to result in any loss, cost, damage, or expense (including attorneys’ fees and legal expenses), such cash collateral to be in such
amount as Agent reasonably determines is appropriate to secure such contingent Obligations, (e) the payment or repayment in full in immediately available funds of all other outstanding 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 Hedge Agreements provided by Hedge Providers) other than (i) unasserted contingent indemnification Obligations,
(ii) any Bank Product Obligations (other than Hedge Obligations) that, at such time, are allowed by the applicable Bank Product Provider to remain outstanding without being required to be repaid or cash collateralized, and (iii) any Hedge
Obligations that, at such time, are allowed by the applicable Hedge Provider to remain outstanding without being required to be repaid, and (f) the termination of all of the Commitments of the Lenders. Any reference herein to any Person shall
be construed to include such Person’s successors and assigns. Any requirement of a writing contained herein or in any other Loan Document shall be satisfied by the transmission of a Record. 

1.5. Time References. Unless the context of this Agreement or any other Loan Document clearly requires otherwise, all
references to time of day refer to Central standard time or Central daylight saving time, as in effect in Chicago, Illinois on such day. For purposes of the computation of a period of time from a specified date to a later specified date, the word
“from” means “from and including” and the words “to” and “until” each means “to and including”; provided that, with respect to a computation of fees or interest payable to Agent or any Lender, such
period shall in any event consist of at least one full day. 

  
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 1.6. Schedules and Exhibits. All of the schedules and exhibits attached to
this Agreement shall be deemed incorporated herein by reference. 
 2. LOANS AND TERMS OF PAYMENT. 

2.1. Revolving Loans. 
 (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each Revolving Lender agrees (severally, not jointly or jointly and severally) to make revolving loans
(“Revolving Loans”) to Borrowers in an amount at any one time outstanding not to exceed the lesser of: 
 (i) such Lender’s Revolver Commitment, and 
 (ii) such
Lender’s Pro Rata Share of an amount equal to the lesser of: 
 (A) the amount equal to (1) the Maximum Revolver
Amount less the Availability Reserve less (2) the sum of (y) the Letter of Credit Usage at such time, plus (z) the principal amount of Swing Loans outstanding at such time less (3) the amount of any Reinstated Existing Secured
Obligations less (4) the Existing Secured Obligations then outstanding, and 
 (B) the amount equal to 

(1) the Borrowing Base as of such date (based upon the most recent Borrowing Base Certificate delivered by Administrative Borrower
to Co-Collateral Agents) less 
 (2) the sum of (x) the Letter of Credit Usage at such time, plus (y) the principal
amount of Swing Loans outstanding at such time less 
 (3) the amount of any Reinstated Existing Secured Obligations less

 (4) the amount of any Existing Secured Obligations then outstanding. 

Notwithstanding the foregoing, (x) the aggregate Revolving Loans made during any week shall not exceed (i) for the first two
weeks following the Filing Date, 115% of the aggregate uses of cash set forth for such week in the Budget, and (ii) for each full week thereafter, 110% of the aggregate uses of cash set forth for such week in the Budget, (y) the aggregate
principal amount of the Revolving Loans at any time outstanding during any week shall not exceed the projected outstanding Revolving Loans set forth in the Budget for such week and (z) the Revolving Loans shall be used by Borrowers solely as
set forth in Section 6.11. 
 (b) Amounts borrowed pursuant to this Section 2.1 may be repaid and, subject to
the terms and conditions of this Agreement, reborrowed at any time during the term of this Agreement. The outstanding principal amount of the Revolving Loans, together with interest accrued and unpaid thereon, shall constitute Obligations and shall
be due and payable on the Maturity Date, the Required Prepayment Date or, if earlier, on the date on which they are declared due and payable pursuant to the terms of this Agreement. 

  
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 (c) Anything to the contrary in this Section 2.1 notwithstanding, Co-Collateral
Agents shall have the right (but not the obligation), in the exercise of their Permitted Discretion, to establish and increase or decrease or eliminate Receivable Reserves, Inventory Reserves, Bank Product Reserves, Reserves to address the results
of any audit or appraisal performed by or on behalf of Co-Collateral Agents from time to time after the Closing Date, Reserves with respect to the Carveout, Reserves with respect to other potential costs and expenses pertaining to the Bankruptcy
Cases, Reserves with respect to Other Statutory Liabilities and other Reserves against the Borrowing Base (or any component thereof) or the Maximum Revolver Amount. The amount of any such Reserve established by Co-Collateral Agents shall have a
reasonable relationship to the event, condition, other circumstance, or fact that is the basis for such reserve and shall not be duplicative of any other reserve established and currently maintained. 

2.2. Intentionally Omitted. 
 2.3. Borrowing Procedures and Settlements. 
 (a) Procedure for
Borrowing Revolving Loans. Each Borrowing shall be made by a written request by an Authorized Person delivered to Agent and received by Agent no later than 10:30 a.m. (i) on the Business Day that is the requested Funding Date in the case of
a request for a Swing Loan, and (ii) on the Business Day that is 1 Business Day prior to the requested Funding Date in the case of all other requests, specifying (A) the amount of such Borrowing, and (B) the requested Funding Date
(which shall be a Business Day); provided, that Agent may, in its sole discretion, elect to accept as timely requests that are received later than 10:30 a.m. on the applicable Business Day. At Agent’s election, in lieu of delivering the
above-described written request, any Authorized Person may give Agent telephonic notice of such request by the required time. In such circumstances, Borrowers agree that any such telephonic notice will be confirmed in writing within 24 hours of the
giving of such telephonic notice, but the failure to provide such written confirmation shall not affect the validity of the request. 
 (b) Making of Swing Loans. In the case of a request for a Swing Loan and so long as the aggregate amount of Swing Loans made since the last Settlement Date, minus all payments or other amounts
applied to Swing Loans since the last Settlement Date, plus the amount of the requested Swing Loan does not exceed $20,000,000, and Swing Lender, in its sole discretion, agrees to make a Swing Loan, Swing Lender shall make a Revolving Loan (any such
Revolving Loan made by Swing Lender pursuant to this Section 2.3(b) being referred to as a “Swing Loan” and all such Revolving Loans being referred to as “Swing Loans”) available to Borrowers on the
Funding Date applicable thereto by transferring immediately available funds in the amount of such requested Borrowing to the Designated Account. Each Swing Loan shall be deemed to be a Revolving Loan hereunder and shall be subject to all the terms
and conditions (including Section 3) applicable to other Revolving Loans, except that all payments (including interest) on any Swing Loan shall be payable to Swing Lender solely for its own account. Subject to the provisions of
Section 2.3(d)(ii), Swing Lender shall not make and shall not be obligated to make any Swing Loan if Swing Lender has actual knowledge that (i) one or more of 

  
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the applicable conditions precedent set forth in Section 3 (including, without limitation, the conditions precedent set forth in the final paragraph of Section 3.2 hereof) will
not be satisfied on the requested Funding Date for the applicable Borrowing, or (ii) the requested Borrowing would exceed the Availability on such Funding Date. Swing Lender shall not otherwise be required to determine whether the applicable
conditions precedent set forth in Section 3 have been satisfied on the Funding Date applicable thereto prior to making any Swing Loan. The Swing Loans shall be secured by Agent’s Liens, constitute Revolving Loans and Obligations,
and bear interest at the rate applicable from time to time to Revolving Loans that are Base Rate Loans. 
 (c) Making of
Revolving Loans. 
 (i) In the event that Swing Lender is not obligated to make a Swing Loan, then after receipt of a
request for a Borrowing pursuant to Section 2.3(a), Agent shall notify the Lenders by telecopy, telephone, email, or other electronic form of transmission, of the requested Borrowing; such notification to be sent on the Business Day that
is 1 Business Day prior to the requested Funding Date. If Agent has notified the Lenders of a requested Borrowing on the Business Day that is 1 Business Day prior to the Funding Date, then each Lender shall make the amount of such Lender’s Pro
Rata Share of the requested Borrowing available to Agent in immediately available funds, to Agent’s Account, not later than 10:00 a.m. on the Business Day that is the requested Funding Date. After Agent’s receipt of the proceeds of such
Revolving Loans from the Lenders, Agent shall make the proceeds thereof available to Borrowers on the applicable Funding Date by transferring immediately available funds equal to such proceeds received by Agent to the Designated Account; provided,
that, subject to the provisions of Section 2.3(d)(ii), no Lender shall have an obligation to make any Revolving Loan, if (1) one or more of the applicable conditions precedent set forth in Section 3 (including, without
limitation, the conditions precedent set forth in the final paragraph of Section 3.2 hereof) will not be satisfied on the requested Funding Date for the applicable Borrowing unless such condition has been waived, or (2) the requested
Borrowing would exceed the Availability on such Funding Date. 
 (ii) Unless Agent receives notice from a Lender prior to 9:30
a.m. on the Business Day that is the requested Funding Date relative to a requested Borrowing as to which Agent has notified the Lenders of a requested Borrowing that such Lender will not make available as and when required hereunder to Agent for
the account of Borrowers the amount of that Lender’s Pro Rata Share of the Borrowing, Agent may assume that each Lender has made or will make such amount available to Agent in immediately available funds on the Funding Date and Agent may (but
shall not be so required), in reliance upon such assumption, make available to Borrowers a corresponding amount. If, on the requested Funding Date, any Lender shall not have remitted the full amount that it is required to make available to Agent in
immediately available funds and if Agent has made available to Borrowers such amount on the requested Funding Date, then such Lender shall make the amount of such Lender’s Pro Rata Share of the requested Borrowing available to Agent in
immediately available funds, to Agent’s Account, no later than 10:00 a.m. on the Business Day that is the first Business Day after the requested Funding Date (in which case, the interest accrued on such Lender’s portion of such Borrowing
for the Funding Date shall be for Agent’s separate account). If any Lender shall not remit the full amount that it is required to make available to Agent in immediately available funds as and when required hereby and if Agent has made available
to Borrowers such amount, then that Lender 

  
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shall be obligated to immediately remit such amount to Agent, together with interest at the Defaulting Lender Rate for each day until the date on which such amount is so remitted. A notice
submitted by Agent to any Lender with respect to amounts owing under this Section 2.3(c)(ii) shall be conclusive, absent manifest error. If the amount that a Lender is required to remit is made available to Agent, then such payment to
Agent shall constitute such Lender’s Revolving Loan for all purposes of this Agreement. If such amount is not made available to Agent on the Business Day following the Funding Date, Agent will notify Administrative Borrower of such failure to
fund and, upon demand by Agent, Borrowers shall pay such amount to Agent, together with interest thereon for each day elapsed since the date of such Borrowing, for Agent’s Account, at a rate per annum equal to the interest rate applicable at
the time to the Revolving Loans composing such Borrowing. 
 (d) Protective Advances and Optional Overadvances.

 (i) Any contrary provision of this Agreement or any other Loan Document notwithstanding, but subject to
Section 2.3(d)(iii), at any time (A) after the occurrence and during the continuance of a Default or an Event of Default, or (B) that any of the other applicable conditions precedent set forth in Section 3 are not
satisfied, Agent hereby is authorized by Borrowers and the Lenders, from time to time (until such time as either Co-Collateral Agent shall revoke such authority), in Agent’s sole discretion, to make Revolving Loans to, or for the benefit of,
Borrowers, on behalf of the Revolving Lenders, that Agent, in its Permitted Discretion, deems necessary or desirable (1) to preserve or protect the Collateral, or any portion thereof, (2) to enhance the likelihood of repayment of the
Obligations (other than the Bank Product Obligations) (the Revolving Loans described in this Section 2.3(d)(i) shall be referred to as “Protective Advances”), or (3) to pay any other amount chargeable to Borrowers
pursuant to the terms of this Agreement, including Lender Group Expenses and the costs, fees and expenses described in Section 9. Notwithstanding the foregoing, unless Required Lenders otherwise consent, the aggregate amount of all Protective
Advances outstanding at any one time shall not exceed $20,000,000. 
 (A) Any contrary provision of this Agreement or any other
Loan Document notwithstanding, but subject to Section 2.3(d)(iii), the Lenders hereby authorize Agent or Swing Lender, as applicable, and either Agent or Swing Lender, as applicable, may, but is not obligated to (until such time as
either Co-Collateral Agent shall revoke such authority), knowingly and intentionally, continue to make Revolving Loans (including Swing Loans) to Borrowers notwithstanding that an Overadvance exists or would be created thereby, so long as
(A) after giving effect to such Revolving Loans, the outstanding Revolver Usage does not, unless Required Lenders otherwise consent, exceed the Borrowing Base by more than $20,000,000, and (B) after giving effect to such Revolving Loans,
the outstanding Revolver Usage (except for and excluding amounts charged to the Loan Account for interest, fees, or Lender Group Expenses) does not exceed the Maximum Revolver Amount. In the event Agent obtains actual knowledge that the Revolver
Usage exceeds the amounts permitted by the immediately foregoing provisions, regardless of the amount of, or reason for, such excess, Agent shall notify the Lenders as soon as practicable (and prior to making any (or any additional) intentional
Overadvances (except for and excluding amounts charged to the Loan Account for interest, fees, or Lender Group Expenses) unless Agent determines that prior notice would result in imminent harm to the Collateral or its value, in which case Agent may
make such Overadvances and 

  
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provide notice as promptly as practicable thereafter), and the Lenders with Revolver Commitments thereupon shall, together with Agent and Co-Collateral Agents, jointly determine the terms of
arrangements that shall be implemented with Borrowers intended to reduce, within a reasonable time, the outstanding principal amount of the Revolving Loans to Borrowers to an amount permitted by the preceding sentence. In such circumstances, if any
Lender with a Revolver Commitment objects to the proposed terms of reduction or repayment of any Overadvance, the terms of reduction or repayment thereof shall be implemented according to the determination of the Required Lenders. The foregoing
provisions are meant for the benefit of the Lenders, Co-Collateral Agents and Agent and are not meant for the benefit of Borrowers, which shall continue to be bound by the provisions of Section 2.4(e)(1). Each Lender with a Revolver
Commitment shall be obligated to make Revolving Loans in accordance with Section 2.3(c) in, or settle Overadvances made by Agent with Agent as provided in Section 2.3(e) (or Section 2.3(g), as applicable) for, the
amount of such Lender’s Pro Rata Share of any unintentional Overadvances by Agent reported to such Lender, any intentional Overadvances made as permitted under this Section 2.3(d)(ii), and any Overadvances resulting from the
charging to the Loan Account of interest, fees, or Lender Group Expenses. 
 (ii) Each Protective Advance and each Overadvance
(each, an “Extraordinary Advance”) shall be deemed to be a Revolving Loan hereunder, except that no Extraordinary Advance shall be eligible to be a LIBOR Rate Loan and, prior to Settlement therefor, all payments on the Extraordinary
Advances, including interest thereon, shall be payable to Agent solely for its own account. The Extraordinary Advances shall be repayable on demand, secured by Agent’s Liens, constitute Obligations hereunder, and bear interest at the rate
applicable from time to time to Revolving Loans that are Base Rate Loans. The provisions of this Section 2.3(d) are for the exclusive benefit of Agent, Co-Collateral Agents, Swing Lender, and the Lenders and are not intended to benefit
Borrowers (or any other Loan Party) in any way. 
 (iii) Notwithstanding anything contained in this Agreement or any other Loan
Document to the contrary: (A) unless Required Lenders otherwise consent no Extraordinary Advance may be made by Agent if such Extraordinary Advance would cause the aggregate principal amount of Extraordinary Advances outstanding to exceed an
amount equal to 10% of the Maximum Revolver Amount; (B) no Protective Advance shall be permitted that causes the aggregate Revolver Usage to exceed the Maximum Revolver Amount; (C) no Lender shall be required to make any Revolving Loan
(including reimbursement to Agent of any Extraordinary Advances) in excess of the amount of its Revolver Commitment; and (D) no Extraordinary Advance shall be made that causes the aggregate ABL Debt (as defined in the Split Lien Intercreditor
Agreement) to exceed the ABL Cap (as defined in the Split Lien Intercreditor Agreement), without the written consent of each Lender. 
 (e) Settlement. It is agreed that each Lender’s funded portion of the Revolving Loans is intended by the Lenders to equal, at all times, such Lender’s Pro Rata Share of the outstanding
Revolving Loans. Such agreement notwithstanding, Agent, Swing Lender, and the other Lenders agree (which agreement shall not be for the benefit of Borrowers) that in order to facilitate the administration of this Agreement and the other Loan
Documents, settlement among the Lenders as to the Revolving Loans (including the Swing Loans and the Extraordinary Advances) shall take place on a periodic basis in accordance with the following provisions: 

  
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 (i) Agent shall request settlement (“Settlement”) with the Lenders on a
weekly basis, or on a more frequent basis if so determined by Agent in its sole discretion (1) on behalf of Swing Lender, with respect to the outstanding Swing Loans, (2) for itself, with respect to the outstanding Extraordinary Advances,
and (3) with respect to Loan Parties’ payments or other amounts received, as to each by notifying the Lenders by telecopy, telephone, or other similar form of transmission, of such requested Settlement, no later than 2:00 p.m. on the
Business Day immediately prior to the date of such requested Settlement (the date of such requested Settlement being the “Settlement Date”). Such notice of a Settlement Date shall include a summary statement of the amount of
outstanding Swing Loans, Extraordinary Advances and other Revolving Loans for the period since the prior Settlement Date. Subject to the terms and conditions contained herein (including Section 2.3(g)): (y) if the amount of the
Revolving Loans (including Swing Loans, and Extraordinary Advances) made by a Lender that is not a Defaulting Lender exceeds such Lender’s Pro Rata Share of the Revolving Loans (including Swing Loans, and Extraordinary Advances) as of a
Settlement Date, then Agent shall, by no later than 12:00 p.m. on the Settlement Date, transfer in immediately available funds to a Deposit Account of such Lender (as such Lender may designate), an amount such that each such Lender shall, upon
receipt of such amount, have as of the Settlement Date, its Pro Rata Share of the Revolving Loans (including Swing Loans, and Extraordinary Advances), and (z) if the amount of the Revolving Loans (including Swing Loans, and Extraordinary
Advances) made by a Lender is less than such Lender’s Pro Rata Share of the Revolving Loans (including Swing Loans, and Extraordinary Advances) as of a Settlement Date, such Lender shall no later than 12:00 p.m. on the Settlement Date transfer
in immediately available funds to Agent’s Account, an amount such that each such Lender shall, upon transfer of such amount, have as of the Settlement Date, its Pro Rata Share of the Revolving Loans (including Swing Loans and Extraordinary
Advances). Such amounts made available to Agent under clause (z) of the immediately preceding sentence shall be applied against the amounts of the applicable Swing Loans or Extraordinary Advances, shall constitute Revolving Loans of such
Lenders. If any such amount is not made available to Agent by any Lender on the Settlement Date applicable thereto to the extent required by the terms hereof, Agent shall be entitled to recover for its account such amount on demand from such Lender
together with interest thereon at the Defaulting Lender Rate. 
 (ii) In determining whether a Lender’s balance of the
Revolving Loans (including Swing Loans and Extraordinary Advances) is less than, equal to, or greater than such Lender’s Pro Rata Share of the Revolving Loans as of a Settlement Date, Agent shall, as part of the relevant Settlement, apply to
such balance the portion of payments actually received in good funds by Agent with respect to principal, interest, fees payable by Borrowers and allocable to the Lenders hereunder, and proceeds of Collateral. 

(iii) Between Settlement Dates, Agent, to the extent Extraordinary Advances for the account of Agent or Swing Loans for the account of
Swing Lender are outstanding, may pay over to Agent or Swing Lender, as applicable, any payments or other amounts received by Agent, that in accordance with the terms of this Agreement would be applied to the reduction of the Revolving Loans, for
application to the Extraordinary Advances or Swing Loans. Between Settlement Dates, Agent, to the extent no Extraordinary Advances or Swing Loans are outstanding, may pay over to Swing Lender any payments or other amounts received by Agent, that in
accordance with the terms of this Agreement would be applied to the 

  
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reduction of the Revolving Loans, for application to Swing Lender’s Pro Rata Share of the Revolving Loans. If, as of any Settlement Date, payments or other amounts of Loan Parties received
since the then immediately preceding Settlement Date have been applied to Swing Lender’s Pro Rata Share of the Revolving Loans other than to Swing Loans, as provided for in the previous sentence, Swing Lender shall pay to Agent for the accounts
of the Lenders, and Agent shall pay to the Lenders (other than a Defaulting Lender if Agent has implemented the provisions of Section 2.3(g)), to be applied to the outstanding Revolving Loans of such Lenders, an amount such that each
such Lender shall, upon receipt of such amount, have, as of such Settlement Date, its Pro Rata Share of the Revolving Loans. During the period between Settlement Dates, Swing Lender with respect to Swing Loans, Agent with respect to Extraordinary
Advances, and each Lender with respect to the Revolving Loans other than Swing Loans and Extraordinary Advances, shall be entitled to interest at the applicable rate or rates payable under this Agreement on the daily amount of funds employed by
Swing Lender, Agent, or the Lenders, as applicable. 
 (iv) Anything in this Section 2.3(e) to the contrary
notwithstanding, in the event that a Lender is a Defaulting Lender, Agent shall be entitled to refrain from remitting settlement amounts to the Defaulting Lender and, instead, shall be entitled to elect to implement the provisions set forth in
Section 2.3(g). 
 (f) Notation. Agent, as a non-fiduciary agent for Borrowers, shall maintain a register
showing the principal amount of the Revolving Loans, owing to each Lender, including the Swing Loans owing to Swing Lender, and Extraordinary Advances owing to Agent, and the interests therein of each Lender, from time to time and such register
shall, absent manifest error, conclusively be presumed to be correct and accurate. 
 (g) Defaulting Lenders. 

(i) Notwithstanding the provisions of Section 2.4(b)(ii), Agent shall not be obligated to transfer to a Defaulting Lender
any payments made by Borrowers to Agent for the Defaulting Lender’s benefit or any proceeds of Collateral that would otherwise be remitted hereunder to the Defaulting Lender, and, in the absence of such transfer to the Defaulting Lender, Agent
shall transfer any such payments (A) first, to Agent to the extent of any Extraordinary Advances that were made by Agent and that were required to be, but were not, paid by Defaulting Lender, (B) second, to Swing Lender to the extent of
any Swing Loans that were made by Swing Lender and that were required to be, but were not, paid by the Defaulting Lender, (C) third, to Issuing Lender, to the extent of the portion of a Letter of Credit Disbursement that was required to be, but
was not, paid by the Defaulting Lender, (D) fourth, to each Non-Defaulting Lender ratably in accordance with their Commitments (but, in each case, only to the extent that such Defaulting Lender’s portion of a Revolving Loan (or other
funding obligation) was funded by such other Non-Defaulting Lender), (E) fifth, in Agent’s sole discretion, to a suspense account maintained by Agent, the proceeds of which may be retained by Agent and may be made available to be
re-advanced to or for the benefit of Borrowers (upon the request of Administrative Borrower and subject to the conditions set forth in Section 3.2) as if such Defaulting Lender had made its portion of Revolving Loans (or other funding
obligations) hereunder, and (F) sixth, from and after the date on which all other Obligations have been paid in full, to such Defaulting Lender in accordance with tier (L) of Section 2.4(b)(ii). Subject to the

  
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foregoing, Agent may hold and, in its discretion, prior to the occurrence and continuance of an Application Event, re-lend to Borrowers for the account of such Defaulting Lender the amount of all
such payments received and retained by Agent for the account of such Defaulting Lender. Solely for the purposes of voting or consenting to matters with respect to the Loan Documents (including the calculation of Pro Rata Share in connection
therewith) and for the purpose of calculating the fee payable under Section 2.10(b), such Defaulting Lender shall be deemed not to be a “Lender” and such Lender’s Commitment shall be deemed to be zero; provided,
that the foregoing shall not apply to any of the matters governed by Section 14.1(a)(i) through (iii). The provisions of this Section 2.3(g) shall remain effective with respect to such Defaulting Lender until the
earlier of (y) the date on which all of the Non-Defaulting Lenders, Agent, Issuing Lender, and Borrowers shall have waived, in writing, the application of this Section 2.3(g) to such Defaulting Lender, or (z) the date on which
such Defaulting Lender makes payment of all amounts that it was obligated to fund hereunder, pays to Agent all amounts owing by Defaulting Lender in respect of the amounts that it was obligated to fund hereunder, and, if requested by Agent, provides
adequate assurance of its ability to perform its future obligations hereunder (on which earlier date, so long as no Event of Default has occurred and is continuing, any remaining cash collateral held by Agent pursuant to
Section 2.3(g)(ii) shall be released to Borrowers). The operation of this Section 2.3(g) shall not be construed to increase or otherwise affect the Commitment of any Lender, to relieve or excuse the performance by such
Defaulting Lender or any other Lender of its duties and obligations hereunder, or to relieve or excuse the performance by Borrowers of their duties and obligations hereunder to Agent, Issuing Lender, or to the Lenders other than such Defaulting
Lender. Any failure by a Defaulting Lender to fund amounts that it was obligated to fund hereunder shall constitute a material breach by such Defaulting Lender of this Agreement and shall entitle Borrowers, at their option, upon written notice to
Agent, to arrange for a substitute Lender to assume the Commitment of such Defaulting Lender, such substitute Lender to be reasonably acceptable to Agent. In connection with the arrangement of such a substitute Lender, the Defaulting Lender shall
have no right to refuse to be replaced hereunder, and agrees to execute and deliver a completed form of Assignment and Acceptance in favor of the substitute Lender (and agrees that it shall be deemed to have executed and delivered such document if
it fails to do so) subject only to being paid its share of the outstanding Obligations (other than Bank Product Obligations, but including (1) all interest, fees, and other amounts that may be due and payable in respect thereof, and (2) an
assumption of its Pro Rata Share of its participation in the Letters of Credit); provided, that any such assumption of the Commitment of such Defaulting Lender shall not be deemed to constitute a waiver of any of the Lender Groups’ or
Borrowers’ rights or remedies against any such Defaulting Lender arising out of or in relation to such failure to fund. In the event of a direct conflict between the priority provisions of this Section 2.3(g) and any other provision
contained in this Agreement or any other Loan Document, it is the intention of the parties hereto that such provisions be read together and construed, to the fullest extent possible, to be in concert with each other. In the event of any actual,
irreconcilable conflict that cannot be resolved as aforesaid, the terms and provisions of this Section 2.3(g) shall control and govern. 

  
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 (ii) If any Swing Loan or Letter of Credit is outstanding at the time that a Lender becomes
a Defaulting Lender then: 
 (A) such Defaulting Lender’s Swing Loan Exposure and Letter of Credit Exposure shall be
reallocated among the Non-Defaulting Lenders in accordance with their respective Pro Rata Shares but only to the extent (x) the sum of all Non-Defaulting Lenders’ Revolving Loan Exposures plus such Defaulting Lender’s Swing Loan
Exposure and Letter of Credit Exposure does not exceed the total of all Non-Defaulting Lenders’ Revolver Commitments, (y) the sum of each Non-Defaulting Lenders’ Revolving Loan Exposures plus its Pro Rata Share of such Defaulting
Lender’s Swing Loan Exposure and Letter of Credit Exposure does not exceed such Non-Defaulting Lenders’ Revolver Commitments, and (z) the conditions set forth in Section 3.2 are satisfied at such time; 

(B) if the reallocation described in clause (A) above cannot, or can only partially, be effected, Borrowers shall within one
Business Day following notice by the Agent (x) first, prepay such Defaulting Lender’s Swing Loan Exposure (after giving effect to any partial reallocation pursuant to clause (A) above) and (y) second, cash collateralize such
Defaulting Lender’s Letter of Credit Exposure (after giving effect to any partial reallocation pursuant to clause (A) above), pursuant to a cash collateral agreement to be entered into in form and substance reasonably satisfactory to the
Agent, for so long as such Letter of Credit Exposure is outstanding; provided, that Borrowers shall not be obligated to cash collateralize any Defaulting Lender’s Letter of Credit Exposure if such Defaulting Lender is also the Issuing Lender;

 (C) if Borrowers cash collateralizes any portion of such Defaulting Lender’s Letter of Credit Exposure pursuant to this
Section 2.3(g)(ii), Borrowers shall not be required to pay any Letter of Credit Fees to Agent for the account of such Defaulting Lender pursuant to Section 2.6(b) with respect to such cash collateralized portion of such
Defaulting Lender’s Letter of Credit Exposure during the period such Letter of Credit Exposure is cash collateralized; 

(D) to the extent the Letter of Credit Exposure of the Non-Defaulting Lenders is reallocated pursuant to this
Section 2.3(g)(ii), then the Letter of Credit Fees payable to the Non-Defaulting Lenders pursuant to Section 2.6(b) shall be adjusted in accordance with such Non-Defaulting Lenders’ Letter of Credit Exposure; 

(E) to the extent any Defaulting Lender’s Letter of Credit Exposure is neither cash collateralized nor reallocated pursuant to this
Section 2.3(g)(ii), then, without prejudice to any rights or remedies of the Issuing Lender or any Lender hereunder, all Letter of Credit Fees that would have otherwise been payable to such Defaulting Lender under
Section 2.6(b) with respect to such portion of such Letter of Credit Exposure shall instead be payable to the Issuing Lender until such portion of such Defaulting Lender’s Letter of Credit Exposure is cash collateralized or
reallocated; 
 (F) so long as any Lender is a Defaulting Lender, the Swing Lender shall not be required to make any Swing Loan
and the Issuing Lender shall not be required to issue, amend, or increase any Letter of Credit, in each case, to the extent (x) the Defaulting Lender’s Pro Rata Share of such Swing Loans or Letter of Credit cannot be reallocated pursuant
to this Section 2.3(g)(ii) or (y) the Swing Lender or Issuing Lender, as applicable, has not otherwise entered into arrangements reasonably satisfactory to the Swing Lender or Issuing Lender, as applicable, and Borrowers to
eliminate the Swing Lender’s or Issuing Lender’s risk with respect to the Defaulting Lender’s participation in Swing Loans or Letters of Credit; and 

  
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 (G) Agent may release any cash collateral provided by Borrowers pursuant to this
Section 2.3(g)(ii) to the Issuing Lender and the Issuing Lender may apply any such cash collateral to the payment of such Defaulting Lender’s Pro Rata Share of any Letter of Credit Disbursement that is not reimbursed by Borrowers
pursuant to Section 2.11(a). 
 (h) Independent Obligations. All Revolving Loans (other than Swing Loans,
Protective Advances and, at Agent’s election, Overadvances) shall be made by the Lenders contemporaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other
Lender to perform its obligation to make any Revolving Loan (or other extension of credit) hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations
hereunder, and (ii) no failure by any Lender to perform its obligations hereunder shall excuse any other Lender from its obligations hereunder. 
 2.4. Payments; Reductions of Commitments; Prepayments. 
 (a)
Payments by Borrowers. 
 (i) Except as otherwise expressly provided herein, all payments by Borrowers shall be made to
Agent’s Account for the account of the Lender Group and shall be made in immediately available funds, no later than 1:30 p.m. on the date specified herein. Any payment received by Agent later than 1:30 p.m. shall be deemed to have been received
(unless Agent, in its sole discretion, elects to credit it on the date received) on the following Business Day and any applicable interest or fee shall continue to accrue until such following Business Day. 

(ii) Unless Agent receives notice from Administrative Borrower prior to the date on which any payment is due to the Lenders that
Borrowers will not make such payment in full as and when required, Agent may assume that Borrowers have made (or will make) such payment in full to Agent on such date in immediately available funds and Agent may (but shall not be so required), in
reliance upon such assumption, distribute to each Lender on such due date an amount equal to the amount then due such Lender. If and to the extent Borrowers do not make such payment in full to Agent on the date when due, each Lender severally shall
repay to Agent on demand such amount distributed to such Lender, together with interest thereon at the Defaulting Lender Rate for each day from the date such amount is distributed to such Lender until the date repaid. 

(b) Apportionment and Application. 
 (i) So long as no Application Event has occurred and is continuing and except as otherwise provided herein with respect to Defaulting Lenders, all principal and interest payments received by Agent shall
be apportioned ratably among the Lenders (according to the unpaid principal balance of the Obligations to which such payments relate held by each Lender) and all payments of fees and expenses received by Agent (other than fees or expenses that are
for Agent’s separate account or for the separate account of any Co-Collateral Agent or 

  
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for the separate account of Issuing Lender) shall be apportioned ratably among the Lenders having a Pro Rata Share of the type of Commitment or Obligation to which a particular fee or expense
relates. Subject to Section 2.4(b)(iv) and Section 2.4(e), all payments to be made hereunder by Borrowers shall be remitted to Agent and all such payments, and all proceeds of Collateral received by Agent, shall be applied,
so long as no Application Event has occurred and is continuing and except as otherwise provided herein with respect to Defaulting Lenders, first, to reduce the balance of the Existing Secured Obligations in the manner set forth in the Existing Loan
Agreement, second, to reduce the balance of the Revolving Loans outstanding and, third, to Borrowers (to be wired to the Designated Account) or such other Person entitled thereto under applicable law. 

(ii) At any time that an Application Event has occurred and is continuing and except as otherwise provided herein with respect to
Defaulting Lenders, all payments remitted to Agent and all proceeds of Collateral received by Agent shall be applied as follows: 
 (A) first, to reduce the balance of the Existing Secured Obligations in the manner set forth in the Existing Loan Agreement, 

(B) second, to pay any Lender Group Expenses (including cost or expense reimbursements) or indemnities then due to Agent and
Co-Collateral Agents under the Loan Documents, until paid in full, 
 (C) third, to pay any fees or premiums then due to
Agent and Co-Collateral Agents under the Loan Documents until paid in full, 
 (D) fourth, to pay interest due in
respect of all Protective Advances until paid in full, 
 (E) fifth, to pay the principal of all Protective Advances
until paid in full, 
 (F) sixth, ratably, to pay any Lender Group Expenses (including cost or expense reimbursements)
or indemnities then due to any of the Lenders under the Loan Documents, until paid in full, 
 (G) seventh, ratably, to
pay any fees or premiums then due to any of the Lenders under the Loan Documents until paid in full, 
 (H) eighth, to
pay interest accrued in respect of the Swing Loans until paid in full, 
 (I) ninth, to pay the principal of all Swing
Loans until paid in full, 
 (J) tenth, ratably, to pay interest accrued in respect of the Revolving Loans until paid in
full, 

  
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 (K) eleventh, ratably 

i. to pay the principal of all Revolving Loans until paid in full, 

ii. to Agent, to be held by Agent, for the benefit of Issuing Lender (and for the ratable benefit of each of the Lenders that have an
obligation to pay to Agent, for the account of Issuing Lender, a share of each Letter of Credit Disbursement), as cash collateral in an amount up to 110% of the Letter of Credit Usage (to the extent permitted by applicable law, such cash collateral
shall be applied to the reimbursement of any Letter of Credit Disbursement as and when such disbursement occurs and, if a Letter of Credit expires undrawn, the cash collateral held by Agent in respect of such Letter of Credit shall, to the extent
permitted by applicable law, be reapplied pursuant to this Section 2.4(b)(ii), beginning with tier (A) hereof), 
 iii. ratably, up to the aggregate amount (after taking into account any amounts previously paid pursuant to this clause iii. during the continuation of the applicable Application Event) of the most
recently established Bank Product Reserve, which amount was established prior to the occurrence of, and not in contemplation of, the subject Application Event, to Agent for the ratable benefit of the Bank Product Providers (such ratable benefit to
be determined based on the ratio of the Bank Product Reserve established for each Bank Product of a Bank Product Provider to the aggregate Bank Product Reserve established for all Bank Products provided by all Bank Product Providers), to be either
(I) disbursed by Agent to the Bank Product Providers based upon amounts then certified by the applicable Bank Product Provider to Agent (in form and substance satisfactory to Agent) to be due and payable to such Bank Product Providers on
account of Bank Product Obligations or (II) held by Agent as cash collateral (which cash collateral may be released by Agent to the applicable Bank Product Provider and applied by such Bank Product Provider to the payment or reimbursement of
any amounts due and payable with respect to Bank Product Obligations owed to the applicable Bank Product Provider as and when such amounts first become due and payable and, if and at such time as all such Bank Product Obligations are paid or
otherwise satisfied in full, the cash collateral held by Agent in respect of such Bank Product Obligations shall be reapplied pursuant to this Section 2.4(b)(ii), beginning with tier (A) hereof, 

(L) twelfth, ratably, to pay any other Obligations other than Obligations owed to Defaulting Lenders (including being paid,
ratably, to the Bank Product Providers on account of all amounts then due and payable in respect of Bank Product Obligations, with any balance to be paid to Agent, to be held by Agent, for the ratable benefit of the Bank Product Providers, as cash
collateral (which cash collateral may be released by Agent to the applicable Bank Product Provider and applied by such Bank Product Provider to the payment or reimbursement of any amounts due and payable with respect to Bank Product Obligations owed
to the applicable Bank Product Provider as and when such amounts first become due and payable and, if and at such time as all such Bank Product Obligations are paid or otherwise satisfied in full, the cash collateral held by Agent in respect of such
Bank Product Obligations shall be reapplied pursuant to this Section 2.4(b)(ii), beginning with tier (A) hereof), 

  
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 (M) thirteenth, ratably to pay any Obligations owed to Defaulting Lenders; and

 (N) fourteenth, to Borrowers (to be wired to the Designated Account) or such other Person entitled thereto under
applicable law. 
 (iii) Agent promptly shall distribute to each Lender, pursuant to the applicable wire instructions received
from each Lender in writing, such funds as it may be entitled to receive, subject to a Settlement delay as provided in Section 2.3(e). 
 (iv) In each instance, so long as no Application Event has occurred and is continuing, Section 2.4(b)(i) shall not apply to any payment made by Borrowers to Agent and specified by Borrowers to
be for the payment of specific Obligations then due and payable (or prepayable) under any provision of this Agreement or any other Loan Document. 
 (v) For purposes of Section 2.4(b)(ii), “paid in full” of a type of Obligation means payment in cash or immediately available funds of all amounts owing on account of such type of
Obligation, including interest accrued after the commencement of any Insolvency Proceeding, default interest, interest on interest, and expense reimbursements, irrespective of whether any of the foregoing would be or is allowed or disallowed in
whole or in part in any Insolvency Proceeding. 
 (vi) In the event of a direct conflict between the priority provisions of
this Section 2.4 and any other provision contained in this Agreement or any other Loan Document, it is the intention of the parties hereto that such provisions be read together and construed, to the fullest extent possible, to be in
concert with each other. In the event of any actual, irreconcilable conflict that cannot be resolved as aforesaid, if the conflict relates to the provisions of Section 2.3(g) and this Section 2.4, then the provisions of
Section 2.3(g) shall control and govern, and if otherwise, then the terms and provisions of this Section 2.4 shall control and govern. 
 (c) Reduction of Commitments. The Revolver Commitments shall terminate on the earlier of the Maturity Date or the Required Prepayment Date. With not less than 5 Business Days written notice to
Agent, Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount not less than the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans not yet made as to which a
request has been given by Borrowers under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such reduction
shall be in an amount which is not less than $20,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $20,000,000), shall be made by
providing not less than 5 Business Days prior written notice to Agent, and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of
each Lender proportionately in accordance with its ratable share thereof. 

  
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 (d) Optional Prepayments. With not less than 5 Business Days written notice to Agent,
Borrowers may prepay the principal of any Revolving Loan at any time in whole or in part but with any amounts due under Section 2.12(b)(ii). 
 (e) Mandatory Prepayments. 
 (i) Borrowing Base. If, at any time,
(A) the Revolver Usage on such date exceeds (B) the Borrowing Base reflected in the Borrowing Base Certificate most recently delivered by Borrowers to Agent, then Borrowers shall immediately prepay the Obligations in accordance with
Section 2.4(g) in an aggregate amount equal to the amount of such excess. 
 (ii) Dispositions. Upon receipt
by any Loan Party of the Net Cash Proceeds of any voluntary or involuntary sale or disposition by such Loan Party of ABL Priority Collateral (or if the Indebtedness under the Split Lien Documents has been paid in full, in accordance with the Split
Lien Intercreditor Agreement, the Collateral) (including casualty losses or condemnations but excluding sales or dispositions which qualify as Permitted Dispositions under clauses (b), (c), (d), or (f) of the definition of Permitted
Dispositions), Borrowers shall prepay the outstanding principal amount of the Obligations in accordance with Section 2.4(g) in an amount equal to 100% of such Net Cash Proceeds (including condemnation awards and payments in lieu thereof)
received by such Person in connection with such sales or dispositions. Nothing contained in this Section 2.4(e)(ii) shall permit Parent or any of its Subsidiaries to sell or otherwise dispose of any assets other than in accordance with
Section 6.4. 
 (iii) Extraordinary Receipts. Upon receipt by any Loan Party of any Extraordinary Receipts
constituting ABL Priority Collateral (or if the Indebtedness under the Split Lien Documents has been paid in full, in accordance with the Split Lien Intercreditor Agreement, the Collateral), Borrowers shall prepay the outstanding principal amount of
the Obligations in accordance with Section 2.4(g) in an amount equal to 100% of such Extraordinary Receipts, net of any reasonable expenses incurred in collecting such Extraordinary Receipts. 

(iv) Indebtedness. Within 1 Business Day of the date of incurrence by Parent or any of its Subsidiaries of any Indebtedness (other
than Permitted Indebtedness), Borrowers shall prepay the outstanding principal amount of the Obligations in accordance with Section 2.4(g) in an amount equal to 50% of the Net Cash Proceeds received by such Person in connection with such
incurrence. The provisions of this Section 2.4(e)(iv) shall not be deemed to be implied consent to any such incurrence otherwise prohibited by the terms of this Agreement. 

(v) Equity. Within 1 Business Day of the date of the issuance by Parent or any of its Subsidiaries of any Equity Interests (other
than the issuance of Equity Interest by a Subsidiary of Parent to a Loan Party), Borrowers shall prepay the outstanding principal amount of the Obligations in accordance with Section 2.4(g) in an amount equal to 50% of the Net Cash
Proceeds received by such Person in connection with such issuance. The provisions of this Section 2.4(e)(v) shall not be deemed to be implied consent to any such issuance otherwise prohibited by the terms of this Agreement. 

  
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 (vi) Business Interruption Insurance. Upon the receipt by Parent or any of its
Subsidiaries of any proceeds of business interruption insurance, Borrowers shall prepay the outstanding principal amount of the Obligations in accordance with Section 2.4(g) in an amount equal to 50% of the proceeds received by such
Person in connection with such of business interruption insurance. 
 (vii) Disgorgement. In the event that the Lenders
are required to repay or disgorge to Borrowers or any representatives of the Borrowers’ estate (as agents, with derivative standing or otherwise) all or any portion of the Existing Secured Obligations authorized and directed to be repaid
pursuant to the Financing Order, or any payment on account of the Existing Secured Obligations made to any Lender is rescinded for any reason whatsoever, including, but not limited to, as a result of any Avoidance Action, or any other action, suit,
proceeding or claim brought under any other provision of any applicable Bankruptcy Code or any applicable state or provincial law, or any other similar provisions under any other state, federal or provincial statutory or common law (all such amounts
being hereafter referred to as the “Avoided Payments”), then, in such event, Borrowers shall prepay the outstanding principal amount of the Revolving Loans in an amount equal to 100% of such Avoided Payments immediately upon receipt
of the Avoided Payments by Borrowers or any representative of the Borrowers’ estate. 
 (viii) Financing Orders. To
the extent authorized by the Financing Orders, Borrowers shall prepay 100% of the Existing Secured Obligations outstanding at such time. 
 (f) Letter of Credit Obligations. In the event any Letters of Credit are outstanding at the time that the Revolver Commitments are terminated or Letters of Credit are required to be cash
collateralized at any time pursuant to the terms of this Agreement, Borrowers shall deposit with Agent for the benefit of all Lenders cash in an amount equal to 110% of the aggregate outstanding obligations and Reimbursement Undertakings in
connection with such Letters of Credit to be available to Agent to reimburse payments of drafts drawn under such Letters of Credit and pay any fees and expenses related thereto. 

(g) Application of Payments. Each prepayment pursuant to Section 2.4(e) shall be applied in the manner set forth in
Section 2.4(b)(ii). No prepayment under this Section 2.4(g) shall result in a permanent reduction of the Maximum Revolver Amount or the Revolver Commitments. 

2.5. Promise to Pay. Borrowers agree to pay the Lender Group Expenses on the earlier of (a) the first day of the
calendar month following the date on which the applicable Lender Group Expenses were first incurred or (b) the date on which demand therefor is made by Agent (it being acknowledged and agreed that any charging of such costs, expenses or Lender
Group Expenses to the Loan Account pursuant to the provisions of Section 2.6(d) shall be deemed to constitute a demand for payment thereof for the purposes of this subclause (b)). Borrowers promise to pay all of the Obligations
(including principal, interest, premiums, if any, fees, costs, and expenses (including Lender Group Expenses)) in full on the Maturity Date, the Required Prepayment Date or, if earlier, on the date on which the Obligations (other than the Bank
Product Obligations) become due and payable pursuant to the terms of this Agreement. Borrowers agree that their obligations contained in the first sentence of this Section 2.5 shall survive payment or satisfaction in full of all other
Obligations. 

  
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 2.6. Interest Rates and Letter of Credit Fee: Rates, Payments, and
Calculations. 
 (a) Interest Rates. Except as provided in Section 2.6(c), all Revolving Loans and
all other Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows: 
 (i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and 
 (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin. 
 (b) Letter of Credit Fee. Borrowers shall pay Agent (for the ratable benefit of the Revolving Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in
addition to the fees, charges, commissions, and costs set forth in Section 2.11(j)) that shall accrue at a per annum rate equal to the LIBOR Rate Margin times the undrawn amount of all outstanding Letters of Credit. 

(c) Default Rate. Upon the occurrence and during the continuation of an Event of Default and at the election of Agent or the
Required Lenders, 
 (i) all Revolving Loans and all other Obligations (except for undrawn Letters of Credit) that have been
charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal to 3 percentage points above the per annum rate otherwise applicable thereunder, and 

(ii) the Letter of Credit Fee shall be increased to 3 percentage points above the per annum rate otherwise applicable hereunder.

 (d) Payment. Except to the extent provided to the contrary in Section 2.10 or Section 2.12(a),
(i) all interest, all Letter of Credit Fees, and all other fees payable hereunder or under any of the other Loan Documents shall be due and payable, in arrears, on the first day of each month, and (ii) all costs and expenses payable
hereunder or under any of the other Loan Documents, and all Lender Group Expenses shall be due and payable on the earlier of (x) the first day of the month following the date on which the applicable costs, expenses, or Lender Group Expenses
were first incurred or (y) the date on which demand therefor is made by Agent (it being acknowledged and agreed that any charging of such costs, expenses or Lender Group Expenses to the Loan Account pursuant to the provisions of the following
sentence shall be deemed to constitute a demand for payment thereof for the purposes of this subclause (y)). Borrowers hereby authorize Agent, from time to time without prior notice to Borrowers, to charge to the Loan Account (A) on the first
day of each month, all interest accrued during the prior month on the Revolving Loans hereunder, (B) on the first day of each month, all Letter of Credit Fees accrued or chargeable hereunder during the prior month, (C) on the first day of
each month, the Unused Line Fee accrued during the prior month pursuant to Section 2.10(b), (D) as 

  
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and when incurred or accrued, all audit, appraisal, valuation, or other charges or fees payable hereunder, including pursuant to Section 2.10(a) and (c), (E) as and when
due and payable, all other fees payable hereunder or under any of the other Loan Documents, (F) as and when incurred or accrued, all fees, charges, commissions, and costs provided for in Section 2.11(j), (G) as and when
incurred or accrued, all other Lender Group Expenses, and (H) as and when due and payable all other payment obligations payable under any Loan Document or any Bank Product Agreement (including any amounts due and payable to the Bank Product
Providers in respect of Bank Products). All amounts (including interest, fees, costs, expenses, Lender Group Expenses, or other amounts payable hereunder or under any other Loan Document or under any Bank Product Agreement) charged to the Loan
Account shall thereupon constitute Revolving Loans hereunder, shall constitute Obligations hereunder, and shall initially accrue interest at the rate then applicable to Revolving Loans that are Base Rate Loans (unless and until converted into LIBOR
Rate Loans in accordance with the terms of this Agreement). 
 (e) Computation. All interest and fees chargeable under
the Loan Documents shall be computed on the basis of a 360 day year, in each case, for the actual number of days elapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time hereafter, the
rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate. 
 (f) Intent to Limit Charges to Maximum Lawful Rate. In no event shall the interest rate or rates payable under this Agreement, plus any other amounts paid in connection herewith, exceed the highest
rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable. Borrowers and the Lender Group, in executing and delivering this Agreement, intend legally to agree upon the rate or rates of
interest and manner of payment stated within it; provided, that, anything contained herein to the contrary notwithstanding, if such rate or rates of interest or manner of payment exceeds the maximum allowable under applicable law, then, ipso facto,
as of the date of this Agreement, Borrowers are and shall be liable only for the payment of such maximum amount as is allowed by law, and payment received from Borrowers in excess of such legal maximum, whenever received, shall be applied to reduce
the principal balance of the Obligations to the extent of such excess. 
 2.7. Crediting Payments. The
receipt of any payment item by Agent shall not be required to be considered a payment on account unless such payment item is a wire transfer of immediately available federal funds made to Agent’s Account or unless and until such payment item is
honored when presented for payment. Should any payment item not be honored when presented for payment, then Borrowers shall be deemed not to have made such payment and interest shall be calculated accordingly. Anything to the contrary contained
herein notwithstanding, any payment item shall be deemed received by Agent only if it is received into Agent’s Account on a Business Day on or before 1:30 p.m. If any payment item is received into Agent’s Account on a non-Business Day or
after 1:30 p.m. on a Business Day (unless Agent, in its sole discretion, elects to credit it on the date received), it shall be deemed to have been received by Agent as of the opening of business on the immediately following Business Day.

  
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 2.8. Designated Account. Agent is authorized to make the
Revolving Loans, and Issuing Lender is authorized to issue the Letters of Credit, under this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized Person or, without instructions, if pursuant to
Section 2.6(d). Borrowers agree to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Borrowers and made by Agent or the Lenders
hereunder. Unless otherwise agreed by Agent and Borrowers, any Revolving Loan requested by Borrowers and made by Agent, Swing Lender or the Lenders hereunder shall be made to the Designated Account. 

2.9. Maintenance of Loan Account; Statements of Obligations. Agent shall maintain an account on its books in the name of
Borrowers (the “Loan Account”) on which Borrowers will be charged with all Revolving Loans (including Extraordinary Advances and Swing Loans) made by Agent, Swing Lender, or the Lenders to Borrowers or for Borrowers’ account,
the Letters of Credit issued or arranged by Issuing Lender for Borrowers’ account, and with all other payment Obligations hereunder or under the other Loan Documents, including, accrued interest, fees and expenses, and Lender Group Expenses. In
accordance with Section 2.7, the Loan Account will be credited with all payments received by Agent from Borrowers or for Borrowers’ account. Agent shall make available to Borrowers monthly statements regarding the Loan Account,
including the principal amount the Revolving Loans, interest accrued hereunder, fees accrued or charged hereunder or under the other Loan Documents, and a summary itemization of all charges and expenses constituting Lender Group Expenses accrued
hereunder or under the other Loan Documents, and each such statement, absent manifest error, shall be conclusively presumed to be correct and accurate and constitute an account stated between Borrowers and the Lender Group unless, within 30 days
after Agent first makes such a statement available to Borrowers, Borrowers shall deliver to Agent written objection thereto describing the error or errors contained in such statement. 

2.10. Fees. 
 (a) Agent Fee. Borrowers shall pay to Agent, for the account of Agent, as and when due and payable under the terms of the Fee Letter, the agent fee set forth in the Fee Letter. 

(b) Unused Line Fee. Borrowers shall pay to Agent, for the ratable account of the Revolving Lenders, on the first day of each
month from and after the Closing Date up to the first day of the month prior to the date on which the Obligations are paid in full and on the date on which the Obligations are paid in full, an unused line fee (the “Unused Line Fee”)
in an amount equal to the Applicable Unused Line Fee Percentage per annum times the result of (i) the aggregate amount of the Revolver Commitments, less (ii) the average amount of the Revolver Usage during the immediately preceding month
(or portion thereof). 
 (c) Field Examination and Other Fees. Borrowers shall pay to Agent or either Co-Collateral
Agent, as applicable, field examination, appraisal, and valuation fees and charges, as and when incurred or chargeable, as follows (i) a fee of $1,000 (or the then prevailing rate) per day, per examiner, plus out-of-pocket expenses (including
travel, meals, and lodging) for each field examination of Loan Parties performed by personnel employed by any Co-Collateral Agent, and (ii) the fees or charges paid or incurred by any Co-Collateral Agent (but, in any event, no less than a
charge of $1,000 per day, per Person, plus out-of-pocket expenses 

  
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(including travel, meals, and lodging)) if it elects to employ the services of one or more third Persons to perform field examinations of Parent or its Subsidiaries, to establish electronic
collateral reporting systems, to appraise the Collateral, or any portion thereof, to perform financial audits or quality of earnings analyses of Borrowers or their Subsidiaries, or to assess Parent’s or its Subsidiaries’ business
valuation. 
 (d) Closing Fee. Borrowers shall pay to Agent, for the ratable account of the Lenders, as and when due and
payable under the terms of the Fee Letter, the closing fee set forth in the Fee Letter. In addition, Borrowers shall pay to Agent, for the ratable benefit of the Revolving Lenders, an incremental facility fee of $500,000 fully earned upon the date
hereof and payable hereunder upon the reduction of the Revolver Commitments substantially to zero or the early termination of the Revolver Commitments; provided, that, such fee shall be waived if the Existing Secured Obligations and the Obligations
are paid in full with the proceeds of any sale of all or substantially all of the Loan Parties’ assets pursuant to Section 363 of the Bankruptcy Code. For the avoidance of doubt, such fee shall not be waived if the Existing Secured
Obligations and the Obligations are paid in full with proceeds from any other source, whether during the Bankruptcy Cases or under a plan of reorganization. 
 2.11. Letters of Credit. 
 (a) Subject to the terms and conditions
of this Agreement, upon the request of Administrative Borrower made in accordance herewith, Issuing Lender agrees to issue, or to cause an Underlying Issuer (including, as Issuing Lender’s agent) to issue, a requested Letter of Credit for the
account of Borrowers. If Issuing Lender, at its option, elects to cause an Underlying Issuer to issue a requested Letter of Credit, then Issuing Lender agrees that it will enter into arrangements relative to the reimbursement of such Underlying
Issuer (which may include, among other means, by becoming an applicant with respect to such Letter of Credit or entering into undertakings or other arrangements that provide for reimbursement of such Underlying Issuer with respect to such drawings
under Letter of Credit; each such obligation or undertaking, irrespective of whether in writing, a “Reimbursement Undertaking”) with respect to Letters of Credit issued by such Underlying Issuer for the account of Borrowers. By
submitting a request to Issuing Lender for the issuance of a Letter of Credit, Borrowers shall be deemed to have requested that (i) Issuing Lender issue or (ii) an Underlying Issuer issue the requested Letter of Credit (and, in such case,
to have requested Issuing Lender to issue a Reimbursement Undertaking with respect to such requested Letter of Credit). Each Borrower acknowledges and agrees that such Borrower is and shall be deemed to be an applicant (within the meaning of
Section 5-102(a)(2) of the Code) with respect to each Underlying Letter of Credit. Each request for the issuance of a Letter of Credit, or the amendment, renewal, or extension of any outstanding Letter of Credit, shall be made in writing by an
Authorized Person and delivered to Issuing Lender via hand delivery, telefacsimile, or other electronic method of transmission reasonably in advance of the requested date of issuance, amendment, renewal, or extension. Each such request shall be in
form and substance reasonably satisfactory to Issuing Lender and (i) shall specify (A) the amount of such Letter of Credit, (B) the date of issuance, amendment, renewal, or extension of such Letter of Credit, (C) the proposed
expiration date of such Letter of Credit, (D) the name and address of the beneficiary of the Letter of Credit, and (E) such other information (including, the conditions to drawing, and, in the case of an amendment, renewal, or extension,
identification of the Letter of Credit to be so amended, renewed, or extended) as shall 

  
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be necessary to prepare, amend, renew, or extend such Letter of Credit, and (ii) shall be accompanied by such Issuer Documents as Agent, Issuing Lender or Underlying Issuer may request or
require, to the extent that such requests or requirements are consistent with the Issuer Documents that Issuing Lender or Underlying Issuer generally requests for Letters of Credit in similar circumstances. Anything contained herein to the contrary
notwithstanding, Issuing Lender may, but shall not be obligated to, issue or cause the issuance of a Letter of Credit or to issue a Reimbursement Undertaking in respect of an Underlying Letter of Credit, in either case, that supports the obligations
of Parent or its Subsidiaries in respect of (A) a lease of real property to the extent that the face amount of such Letter of Credit or the amount of such Reimbursement Undertaking exceeds the highest rent (including all rent-like charges)
payable under such lease for a period of one year, or (B) an employment contract to the extent that the face amount of such Letter of Credit or the amount of such Reimbursement Undertaking exceeds the highest compensation payable under such
contract for a period of one year. 
 (b) Issuing Lender shall have no obligation to issue a Letter of Credit or a Reimbursement
Undertaking in respect of an Underlying Letter of Credit, in either case, if any of the following would result after giving effect to the requested issuance: 
 (i) the Letter of Credit Usage would exceed $15,000,000, or 
 (ii) the Letter of
Credit Usage would exceed the Maximum Revolver Amount less the Availability Reserve less the outstanding amount of Revolving Loans (including Swing Loans), or 
 (iii) the Letter of Credit Usage would exceed the Borrowing Base at such time less the outstanding principal balance of the Revolving Loans (inclusive of Swing Loans) at such time. 

(c) In the event there is a Defaulting Lender as of the date of any request for the issuance of a Letter of Credit, the Issuing Lender
shall not be required to issue or arrange for such Letter of Credit to the extent (x) the Defaulting Lender’s Letter of Credit Exposure with respect to such Letter of Credit may not be reallocated pursuant to Section 2.3(g)(ii)
or (y) the Issuing Lender has not otherwise entered into arrangements reasonably satisfactory to it and Borrowers to eliminate the Issuing Lender’s risk with respect to the participation in such Letter of Credit of the Defaulting Lender,
which arrangements may include Borrowers cash collateralizing such Defaulting Lender’s Letter of Credit Exposure in accordance with Section 2.3(g)(ii). Additionally, Issuing Lender shall have no obligation to issue a Letter of
Credit or a Reimbursement Undertaking in respect of an Underlying Letter of Credit, in either case, if (I) any order, judgment, or decree of any Governmental Authority or arbitrator shall, by its terms, purport to enjoin or restrain Issuing
Lender from issuing such Letter of Credit or Reimbursement Undertaking or Underlying Issuer from issuing such Letter of Credit, or any law applicable to Issuing Lender or Underlying Issuer or any request or directive (whether or not having the force
of law) from any Governmental Authority with jurisdiction over Issuing Lender or Underlying Issuer shall prohibit or request that Issuing Lender or Underlying Issuer refrain from the issuance of letters of credit generally or such Letter of Credit
or Reimbursement Undertaking (as applicable) in particular, or (II) the issuance of such Letter of Credit would violate one or more policies of Issuing Lender or Underlying Issuer applicable to letters of credit generally. 

  
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 (d) Any Issuing Lender (other than Wells Fargo or any of its Affiliates) shall notify Agent
in writing no later than the Business Day immediately following the Business Day on which such Issuing Lender issued any Letter of Credit; provided that (y) until Agent advises any such Issuing Lender that the provisions of
Section 3.2 are not satisfied, or (z) the aggregate amount of the Letters of Credit issued in any such week exceeds such amount as shall be agreed by Agent and such Issuing Lender, such Issuing Lender shall be required to so notify
Agent in writing only once each week of the Letters of Credit issued by such Issuing Lender during the immediately preceding week as well as the daily amounts outstanding for the prior week, such notice to be furnished on such day of the week as
Agent and such Issuing Lender may agree. Each Letter of Credit shall be in form and substance reasonably acceptable to Issuing Lender, including the requirement that the amounts payable thereunder must be payable in Dollars. If Issuing Lender makes
a payment under a Letter of Credit or an Underlying Issuer makes a payment under an Underlying Letter of Credit, Borrowers shall pay to Agent an amount equal to the applicable Letter of Credit Disbursement on the date such Letter of Credit
Disbursement is made and, in the absence of such payment, the amount of the Letter of Credit Disbursement immediately and automatically shall be deemed to be a Revolving Loan hereunder (notwithstanding any failure to satisfy any condition precedent
set forth in Section 3) and, initially, shall bear interest at the rate then applicable to Revolving Loans that are Base Rate Loans. If a Letter of Credit Disbursement is deemed to be a Revolving Loan hereunder, Borrowers’
obligation to pay the amount of such Letter of Credit Disbursement to Issuing Lender shall be automatically converted into an obligation to pay the resulting Revolving Loan. Promptly following receipt by Agent of any payment from Borrowers pursuant
to this paragraph, Agent shall distribute such payment to Issuing Lender or, to the extent that Lenders have made payments pursuant to Section 2.11(b) to reimburse Issuing Lender, then to such Lenders and Issuing Lender as their
interests may appear. 
 (e) Promptly following receipt of a notice of a Letter of Credit Disbursement pursuant to
Section 2.11(a), each Revolving Lender agrees to fund its Pro Rata Share of any Revolving Loan deemed made pursuant to Section 2.11(a) on the same terms and conditions as if Borrowers had requested the amount thereof as a
Revolving Loan and Agent shall promptly pay to Issuing Lender the amounts so received by it from the Lenders. By the issuance of a Letter of Credit or a Reimbursement Undertaking (or an amendment, renewal, or extension of a Letter of Credit or a
Reimbursement Undertaking) and without any further action on the part of Issuing Lender or the Revolving Lenders, Issuing Lender shall be deemed to have granted to each Revolving Lender, and each Revolving Lender shall be deemed to have purchased, a
participation in each Letter of Credit issued by Issuing Lender and each Reimbursement Undertaking, in an amount equal to its Pro Rata Share of such Letter of Credit or Reimbursement Undertaking, and each such Lender agrees to pay to Agent, for the
account of Issuing Lender, such Lender’s Pro Rata Share of any Letter of Credit Disbursement made by Issuing Lender or an Underlying Issuer under the applicable Letter of Credit. In consideration and in furtherance of the foregoing, each
Revolving Lender hereby absolutely and unconditionally agrees to pay to Agent, for the account of Issuing Lender, such Lender’s Pro Rata Share of each Letter of Credit Disbursement made by Issuing Lender or an Underlying Issuer and not
reimbursed by Borrowers on the date due as provided in Section 2.11(a), or of any reimbursement payment this is required 

  
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to be refunded (or that Agent or Issuing Lender elects, based upon the advice of counsel, to refund) to Borrowers for any reason. Each Revolving Lender acknowledges and agrees that its obligation
to deliver to Agent, for the account of Issuing Lender, an amount equal to its respective Pro Rata Share of each Letter of Credit Disbursement pursuant to this Section 2.11(b) shall be absolute and unconditional and such remittance shall
be made notwithstanding the occurrence or continuation of an Event of Default or Default or the failure to satisfy any condition set forth in Section 3. If any such Lender fails to make available to Agent the amount of such Lender’s
Pro Rata Share of a Letter of Credit Disbursement as provided in this Section, such Lender shall be deemed to be a Defaulting Lender and Agent (for the account of Issuing Lender) shall be entitled to recover such amount on demand from such Lender
together with interest thereon at the Defaulting Lender Rate until paid in full. 
 (f) Borrowers hereby agree to indemnify,
save, defend, and hold the Lender Group and each Underlying Issuer harmless from any damage, loss, cost, expense, or liability (other than Taxes, which shall be governed by Section 16), and reasonable and documented attorneys’ fees
and expenses incurred by Issuing Lender, any other member of the Lender Group, or any Underlying Issuer arising out of or in connection with any Reimbursement Undertaking or any Letter of Credit; provided, that Borrowers shall not be
obligated hereunder to indemnify the Lender Group or any Underlying Issuer for any loss, cost, expense, or liability that a court of competent jurisdiction finally determines to have resulted from the gross negligence or willful misconduct of
Issuing Lender, any other member of the Lender Group, or any Underlying Issuer. Borrowers agree to be bound by the Underlying Issuer’s regulations and interpretations of any Letter of Credit or by Issuing Lender’s interpretations of any
Reimbursement Undertaking even though this interpretation may be different from any Borrower’s own. Borrowers understand that the Reimbursement Undertakings may require Issuing Lender to indemnify the Underlying Issuer for certain costs or
liabilities arising out of claims by Borrowers against such Underlying Issuer. Borrowers hereby agree to indemnify, save, defend, and hold Issuing Lender and the other members of the Lender Group harmless with respect to any loss, cost, expense
(including reasonable and documented attorneys’ fees and expenses), or liability (other than Taxes, which shall be governed by Section 16) incurred by them as a result of Issuing Lender’s indemnification of an Underlying
Issuer; provided, that Borrowers shall not be obligated hereunder to indemnify for any such loss, cost, expense, or liability that a court of competent jurisdiction finally determines to have resulted from the gross negligence or willful
misconduct of Issuing Lender or any other member of the Lender Group. 
 (g) Each Lender and Borrowers agree that, in paying any
drawing under a Letter of Credit, neither Issuing Lender nor any Underlying Issuer (as applicable) shall have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of
Credit or the Underlying Letter of Credit (as applicable)) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document. None of Issuing Lender, any
Underlying Issuer, Agent, any of the Lender-Related Persons or Agent-Related Persons, nor any correspondent, participant or assignee of Issuing Lender shall be liable to any Lender or any Loan Party for (i) any action taken or omitted in
connection herewith at the request or with the approval of the Lenders or the Required Lenders, as applicable; (ii) any action taken or omitted in the absence of gross negligence or willful misconduct; (iii) any error, omission,
interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or 

  
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relating to any Letter of Credit or any error in interpretation of technical terms; or (iv) the due execution, effectiveness, validity or enforceability of any document or instrument related
to any Letter of Credit or Issuer Document. Each Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, that this assumption is not intended to, and
shall not, preclude Borrowers from pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement. None of Issuing Lender, any Underlying Issuer, Agent, any of the Lender-Related Persons or
Agent-Related Persons, nor any correspondent, participant or assignee of Issuing Lender or any Underlying Issuer shall be liable or responsible for any of the matters described in clauses (i) through (vi) of Section 2.11(h) or
for any action, neglect or omission under or in connection with any Letter of Credit or Issuer Document, including in connection with the issuance or any amendment of any Letter of Credit, the failure to issue or amend any Letter of Credit, the
honoring or dishonoring of any demand under any Letter of Credit, or the following of any Borrower’s instructions or those contained in the Letter of Credit or any modifications, amendments, or supplements thereto, and such action or neglect or
omission will bind Borrowers. In furtherance and not in limitation of the foregoing, Issuing Lender and each Underlying Issuer may accept documents that appear on their face to be in order, without responsibility for further investigation,
regardless of any notice or information to the contrary (or Issuing Lender and any Underlying Issuer may refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit and
may disregard any requirement in a Letter of Credit that notice of dishonor be given in a particular manner and any requirement that presentation be made at a particular place or by a particular time of day), and neither Issuing Lender nor any
Underlying Issuer shall be responsible for the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part,
which may prove to be invalid or ineffective for any reason. Neither Issuing Lender nor any Underlying Issuer shall be responsible for the wording of any Letter of Credit (including any drawing conditions or any terms or conditions that are
ineffective, ambiguous, inconsistent, unduly complicated or reasonably impossible to satisfy), notwithstanding any assistance Issuing Lender or any Underlying Issuer may provide to Borrowers with drafting or recommending text for any letter of
credit application or with the structuring of any transaction related to any Letter of Credit, and Borrowers hereby acknowledge and agree that any such assistance will not constitute legal or other advice by Issuing Lender or any Underlying Issuer
or any representation or warranty by Issuing Lender or any Underlying Issuer that any such wording or such Letter of Credit will be effective. Without limiting the foregoing, Issuing Lender or any Underlying Issuer may, as it deems appropriate, use
in any Letter of Credit any portion of the language prepared by any Borrower and contained in the letter of credit application relative to drawings under such Letter of Credit. Borrowers hereby acknowledge and agree that neither any Underlying
Issuer nor any member of the Lender Group shall be responsible for delays, errors, or omissions resulting from the malfunction of equipment in connection with any Letter of Credit. 

(h) The obligation of Borrowers to reimburse Issuing Lender for each drawing under each Letter of Credit shall be absolute, unconditional
and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the following: 

  
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 (i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any
other Loan Document, 
 (ii) the existence of any claim, counterclaim, setoff, defense or other right that Parent or any of its
Subsidiaries may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), Issuing Lender or any other Person, whether in connection with
this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction, 
 (iii) any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue
or inaccurate in any respect, or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of Credit, 
 (iv) any payment by Issuing Lender under such Letter of Credit against presentation of a draft or certificate that does not substantially or strictly comply with the terms of such Letter of Credit
(including, without limitation, any requirement that presentation be made at a particular place or by a particular time of day), or any payment made by Issuing Lender under such Letter of Credit to any Person purporting to be a trustee in
bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, 

(v) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance
that might otherwise constitute a defense available to, or discharge of, Parent or any of its Subsidiaries, or 
 (vi) the fact
that any Default or Event of Default shall have occurred and be continuing. 
 (i) Borrowers hereby authorize and direct any
Underlying Issuer to deliver to Issuing Lender all instruments, documents, and other writings and property received by such Underlying Issuer pursuant to such Underlying Letter of Credit and to accept and rely upon Issuing Lender’s instructions
with respect to all matters arising in connection with such Underlying Letter of Credit and the related application. 
 (j)
Borrowers acknowledge and agree that any and all fees, charges, costs, or commissions in effect from time to time, of Issuing Lender relating to Letters of Credit or incurred by Issuing Lender relating to Underlying Letters of Credit, upon the
issuance of any Letter of Credit, upon the payment or negotiation of any drawing under any Letter of Credit, or upon the occurrence of any other activity with respect to any Letter of Credit (including the transfer, amendment, or cancellation of any
Letter of Credit), together with any and all fronting fees in effect from time to time related to Letters of Credit, shall be Lender Group Expenses for purposes of this Agreement and shall be reimbursable immediately by Borrowers to Agent for the
account of Issuing Lender; it being acknowledged and agreed by Borrowers that, as of the Closing Date, Issuing Lender is entitled to charge Borrowers a fronting fee of 0.25% per annum times the undrawn amount of each Underlying Letter of Credit
and that such fronting fee may be changed by Issuing Lender from time to time without notice. 

  
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 (k) If by reason of (i) any change after the Closing Date in any applicable law,
treaty, rule, or regulation or any change in the interpretation or application thereof by any Governmental Authority, or (ii) compliance by Issuing Lender, any other member of the Lender Group, or Underlying Issuer with any direction, request,
or requirement (irrespective of whether having the force of law) of any Governmental Authority or monetary authority including, Regulation D of the Board of Governors as from time to time in effect (and any successor thereto): 

(i) any reserve, deposit, or similar requirement is or shall be imposed or modified in respect of any Letter of Credit issued or caused
to be issued hereunder or hereby, or 
 (ii) there shall be imposed on Issuing Lender, any other member of the Lender Group, or
Underlying Issuer any other condition regarding any Letter of Credit or Reimbursement Undertaking, 
 and the result of the foregoing is to
increase, directly or indirectly, the cost to Issuing Lender, any other member of the Lender Group, or an Underlying Issuer of issuing, making, participating in, or maintaining any Reimbursement Undertaking or Letter of Credit or to reduce the
amount receivable in respect thereof, then, and in any such case, Agent may, at any time within a reasonable period after the additional cost is incurred or the amount received is reduced, notify Administrative Borrower, and Borrowers shall pay on
demand, such amounts as Agent may specify to be necessary to compensate Issuing Lender, any other member of the Lender Group, or an Underlying Issuer for such additional cost or reduced receipt, together with interest on such amount from the date of
such demand until payment in full thereof at the rate then applicable to Base Rate Loans hereunder. The determination by Agent of any amount due pursuant to this Section 2.11(k), as set forth in a certificate setting forth the
calculation thereof in reasonable detail, shall, in the absence of manifest or demonstrable error, be final and conclusive and binding on all of the parties hereto. 
 (l) Unless otherwise expressly agreed by Issuing Lender and Borrowers when a Letter of Credit is issued, (i) the rules of the ISP and the UCP 600 shall apply to each standby Letter of Credit, and
(ii) the rules of the UCP 600 shall apply to each commercial Letter of Credit. 
 (m) In the event of a direct conflict
between the provisions of this Section 2.11 and any provision contained in any Issuer Document, it is the intention of the parties hereto that such provisions be read together and construed, to the fullest extent possible, to be in
concert with each other. In the event of any actual, irreconcilable conflict that cannot be resolved as aforesaid, the terms and provisions of this Section 2.11 shall control and govern. 

  
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 (n) Schedule 2.11 hereto contains a list of all letters of credit outstanding on the
Filing Date pursuant to the Existing Loan Agreement. For the period from and after the effective date of the Interim Order, each such letter of credit set forth on Schedule 2.11, including any extension or renewal thereof, that remains
outstanding on the effective date of the Interim Order (each, as amended from time to time in accordance with the terms thereof and hereof, an “Existing Letter of Credit”) shall be deemed Letters of Credit re-issued hereunder for
the account of Borrowers, for all purposes of this Agreement, including, without limitation, calculations of Availability, the Borrowing Base, Letter of Credit Usage and all other fees and expenses relating to the Letters of Credit (including any
related indemnification obligations). Issuing Lender hereby assumes and agrees to perform any and all duties, obligations and liabilities to be performed or discharged by the issuers of the Existing Letters of Credit. Borrowers agree to execute and
deliver such documentation, if any, requested by Agent, or an Issuing Lender to evidence, record, or further the foregoing deemed re-issuance. 
 (o) The expiration date of each Letter of Credit, other than the Existing Letters of Credit, shall be on a date that is not later than fifteen (15) days prior to the Maturity Date unless Borrower
provides cash collateral for the obligations and Reimbursement Undertakings associated with such Letters of Credit in the manner set forth in Section 2.4(f) hereof; provided, that a Letter of Credit may provide for automatic extensions of its
expiration date for one (1) or more successive periods of up to twelve (12) months for each period; provided, further, that the applicable Issuing Lender has the right to terminate such Letter of Credit on each such expiration date and no
renewal term may extend the term of the Letter of Credit to a date that is later than the fifteenth (15th) day prior to the Maturity Date unless Borrowers provide cash collateral for the obligations and Reimbursement Undertakings associated
with such Letters of Credit in the amount set forth in Section 2.4(f). Upon direction by Agent or Required Lenders, the applicable Issuing Lender shall not renew any such Letter of Credit at any time during the continuance of an Event of
Default; provided, that in the case of a direction by Agent or Required Lenders, the Issuing Lender receives such directions prior to the date notice of non-renewal is required to be given by the Issuing Lender and the Issuing Lender has had
a reasonable period of time to act on such notice. 
 2.12. LIBOR Option. 

(a) Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon the Base Rate, Borrowers shall
have the option, subject to Section 2.12(b) below (the “LIBOR Option”) to have interest on all or a portion of the Revolving Loans be charged (whether at the time when made (unless otherwise provided herein), upon
conversion from a Base Rate Loan to a LIBOR Rate Loan, or upon continuation of a LIBOR Rate Loan as a LIBOR Rate Loan) at a rate of interest based upon the LIBOR Rate. Interest on LIBOR Rate Loans shall be payable on the earliest of (i) the
last day of the Interest Period applicable thereto; provided, that, subject to the following clauses (ii) and (iii), in the case of any Interest Period greater than 3 months in duration, interest shall be payable at 3 month intervals
after the commencement of the applicable Interest Period and on the last day of such Interest Period), (ii) the date on which all or any portion of the Obligations are accelerated pursuant to the terms hereof, or (iii) the date on which
this Agreement is terminated pursuant to the terms hereof. On the last day of each applicable Interest Period, unless Borrowers properly have exercised the LIBOR Option with respect thereto, the interest rate applicable to such LIBOR Rate Loan
automatically shall convert to the rate of interest then applicable to Base Rate Loans of the same type hereunder. At any time that an Event of Default has occurred and is continuing, at the written election of the Required Lenders, Borrowers no
longer shall have the option to request that Revolving Loans bear interest at a rate based upon the LIBOR Rate. 

  
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 (b) LIBOR Election. 

(i) Borrowers may, at any time and from time to time, so long as Administrative Borrower has not received a notice from Agent (which
notice Agent may elect to give or not give in its discretion unless Agent is directed to give such notice by the Required Lenders, in which case, it shall give the notice to Administrative Borrower), after the occurrence and during the continuance
of an Event of Default, to terminate the right of Borrowers to exercise the LIBOR Option during the continuance of such Event of Default, elect to exercise the LIBOR Option by notifying Agent prior to 11:00 a.m. at least 3 Business Days prior to the
commencement of the proposed Interest Period (the “LIBOR Deadline”). Notice of Borrowers’ election of the LIBOR Option for a permitted portion of the Revolving Loans and an Interest Period pursuant to this Section shall be made
by delivery to Agent of a LIBOR Notice received by Agent before the LIBOR Deadline, or by telephonic notice received by Agent before the LIBOR Deadline (to be confirmed by delivery to Agent of a LIBOR Notice received by Agent prior to 5:00 p.m. on
the same day). Promptly upon its receipt of each such LIBOR Notice, Agent shall provide a copy thereof to each of the affected Lenders. 
 (ii) Each LIBOR Notice shall be irrevocable and binding on Borrowers. In connection with each LIBOR Rate Loan, Borrowers shall indemnify, defend, and hold Agent and the Lenders harmless against any loss,
cost, or expense actually incurred by Agent or any Lender as a result of (A) the payment of any principal of any LIBOR Rate Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default),
(B) the conversion of any LIBOR Rate Loan other than on the last day of the Interest Period applicable thereto, or (C) the failure to borrow, convert, continue or prepay any LIBOR Rate Loan on the date specified in any LIBOR Notice
delivered pursuant hereto (such losses, costs, or expenses, “Funding Losses”). A certificate of Agent or a Lender delivered to Administrative Borrower setting forth in reasonable detail any amount or amounts that Agent or such
Lender is entitled to receive pursuant to this Section 2.12 shall be conclusive absent manifest error. Borrowers shall pay such amount to Agent or the Lender, as applicable, within 30 days of the date of its receipt of such certificate.
If a payment of a LIBOR Rate Loan on a day other than the last day of the applicable Interest Period would result in a Funding Loss, Agent may, in its sole discretion at the request of Administrative Borrower, hold the amount of such payment as cash
collateral in support of the Obligations until the last day of such Interest Period and apply such amounts to the payment of the applicable LIBOR Rate Loan on such last day, it being agreed that Agent has no obligation to so defer the application of
payments to any LIBOR Rate Loan and that, in the event that Agent does not defer such application, Borrowers shall be obligated to pay any resulting Funding Losses. 
 (iii) Unless Agent, in its sole discretion, agrees otherwise, Borrowers shall have not more than 5 LIBOR Rate Loans in effect at any given time. Borrowers only may exercise the LIBOR Option for proposed
LIBOR Rate Loans of at least $1,000,000. 

  
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 (c) Conversion. Borrowers may convert LIBOR Rate Loans to Base Rate Loans at any
time; provided, that in the event that LIBOR Rate Loans are converted or prepaid on any date that is not the last day of the Interest Period applicable thereto, including as a result of any prepayment through the required application by Agent of any
payments or proceeds of Collateral in accordance with Section 2.4(b) or for any other reason, including early termination of the term of this Agreement or acceleration of all or any portion of the Obligations pursuant to the terms
hereof, Borrowers shall indemnify, defend, and hold Agent and the Lenders and their Participants harmless against any and all Funding Losses in accordance with Section 2.12 (b)(ii). 

(d) Special Provisions Applicable to LIBOR Rate. 
 (i) The LIBOR Rate may be adjusted by Agent with respect to any Lender on a prospective basis to take into account any additional or increased costs to such Lender of maintaining or obtaining any
eurodollar deposits or increased costs, in each case, due to changes in applicable law (other than changes in laws relative to Taxes, which shall be governed by Section 16) occurring subsequent to the commencement of the then applicable
Interest Period, including changes in tax laws (except changes of general applicability in corporate income tax laws) and changes in the reserve requirements imposed by the Board of Governors, which additional or increased costs would increase the
cost of funding or maintaining loans bearing interest at the LIBOR Rate. In any such event, the affected Lender shall give Administrative Borrower and Agent notice of such a determination and adjustment and Agent promptly shall transmit the notice
to each other Lender and, upon its receipt of the notice from the affected Lender, Borrowers may, by notice to such affected Lender (A) require such Lender to furnish to Borrowers a statement setting forth in reasonable detail the basis for
adjusting such LIBOR Rate and the method for determining the amount of such adjustment, or (B) repay the LIBOR Rate Loans of such Lender with respect to which such adjustment is made (together with any amounts due under
Section 2.12(b)(ii)). 
 (ii) In the event that any change in market conditions or any law, regulation, treaty, or
directive, or any change therein or in the interpretation or application thereof, shall at any time after the date hereof, in the reasonable opinion of any Lender, make it unlawful or impractical for such Lender to fund or maintain LIBOR Rate Loans
or to continue such funding or maintaining, or to determine or charge interest rates at the LIBOR Rate, such Lender shall give notice of such changed circumstances to Agent and Administrative Borrower and Agent promptly shall transmit the notice to
each other Lender and (y) in the case of any LIBOR Rate Loans of such Lender that are outstanding, the date specified in such Lender’s notice shall be deemed to be the last day of the Interest Period of such LIBOR Rate Loans, and interest
upon the LIBOR Rate Loans of such Lender thereafter shall accrue interest at the rate then applicable to Base Rate Loans, and (z) Borrowers shall not be entitled to elect the LIBOR Option until such Lender determines that it would no longer be
unlawful or impractical to do so. 
 (e) No Requirement of Matched Funding. Anything to the contrary contained herein
notwithstanding, neither Agent, nor any Lender, nor any of their Participants, is required actually to acquire eurodollar deposits to fund or otherwise match fund any Obligation as to which interest accrues at the LIBOR Rate. 

  
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 2.13. Capital Requirements. 

(a) If, after the date hereof, any Lender determines that (i) the adoption of or change in any law, rule, regulation or guideline
regarding capital or reserve requirements for banks or bank holding companies, or any change in the interpretation, implementation, or application thereof by any Governmental Authority charged with the administration thereof, or (ii) compliance
by such Lender or its parent bank holding company with any guideline, request or directive of any such entity regarding capital adequacy (whether or not having the force of law), has the effect of reducing the return on such Lender’s or such
holding company’s capital as a consequence of such Lender’s Commitments hereunder to a level below that which such Lender or such holding company could have achieved but for such adoption, change, or compliance (taking into consideration
such Lender’s or such holding company’s then existing policies with respect to capital adequacy and assuming the full utilization of such entity’s capital) by any amount deemed by such Lender to be material, then such Lender may
notify Administrative Borrower and Agent thereof. Following receipt of such notice, Borrowers agree to pay such Lender on demand the amount of such reduction of return of capital as and when such reduction is determined, payable within 30 days after
presentation by such Lender of a statement in the amount and setting forth in reasonable detail such Lender’s calculation thereof and the assumptions upon which such calculation was based (which statement shall be deemed true and correct absent
manifest error). In determining such amount, such Lender may use any reasonable averaging and attribution methods. Failure or delay on the part of any Lender to demand compensation pursuant to this Section shall not constitute a waiver of such
Lender’s right to demand such compensation; provided that Borrowers shall not be required to compensate a Lender pursuant to this Section for any reductions in return incurred more than 180 days prior to the date that such Lender
notifies Administrative Borrower of such law, rule, regulation or guideline giving rise to such reductions and of such Lender’s intention to claim compensation therefor; provided further that if such claim arises by reason of the adoption of or
change in any law, rule, regulation or guideline that is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. 

(b) If any Lender requests additional or increased costs referred to in Section 2.12(d)(i) or amounts under
Section 2.13(a) or sends a notice under Section 2.12(d)(ii) relative to changed circumstances (any such Lender, an “Affected Lender”), then such Affected Lender shall use reasonable efforts to promptly
designate a different one of its lending offices or to assign its rights and obligations hereunder to another of its offices or branches, if (i) in the reasonable judgment of such Affected Lender, such designation or assignment would eliminate
or reduce amounts payable pursuant to Section 2.12(d)(i) or Section 2.13(a), as applicable, or would eliminate the illegality or impracticality of funding or maintaining LIBOR Rate Loans and (ii) in the reasonable
judgment of such Affected Lender, such designation or assignment would not subject it to any material unreimbursed cost or expense and would not otherwise be materially disadvantageous to it. Borrowers agree to pay all reasonable out-of-pocket costs
and expenses incurred by such Affected Lender in connection with any such designation or assignment. If, after such reasonable efforts, such Affected Lender does not so designate a different one of its lending offices or assign its rights to another
of its offices or branches so as to eliminate Borrowers’ obligation to pay any future amounts to such Affected Lender pursuant to Section 2.12(d)(i) or Section 2.13(a), as applicable, or to enable Borrowers to obtain
LIBOR Rate Loans, then Borrowers (without prejudice to any amounts then due to such Affected Lender 

  
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under Section 2.12(d)(i) or Section 2.13(a), as applicable) may, unless prior to the effective date of any such assignment the Affected Lender withdraws its request for
such additional amounts under Section 2.12(d)(i) or Section 2.13(a), as applicable, or indicates that it is no longer unlawful or impractical to fund or maintain LIBOR Rate Loans, may seek a substitute Lender reasonably
acceptable to Agent to purchase the Obligations owed to such Affected Lender and such Affected Lender’s Commitments hereunder (a “Replacement Lender”), and if such Replacement Lender agrees to such purchase, such Affected
Lender shall assign to the Replacement Lender its Obligations and Commitments, pursuant to an Assignment and Acceptance Agreement, and upon such purchase by the Replacement Lender, such Replacement Lender shall be deemed to be a “Lender”
for purposes of this Agreement and such Affected Lender shall cease to be a “Lender” for purposes of this Agreement. 

(c) Notwithstanding anything herein to the contrary, (i) the issuance of any rules, regulations or directions under the Dodd-Frank
Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International
Settlement, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States regulatory authorities, in each case pursuant to Basel III, with respect to clauses (i) and (ii) above, after the date of
this Agreement shall be deemed to be a change in law, rule, regulation or guideline for purposes of Sections 2.12 and 2.13 and the protection of Sections 2.12 and 2.13 shall be available to each Lender and Issuing Lender
regardless of any possible contention of the invalidity or inapplicability of the law, rule, regulation, guideline or other change or condition which shall have occurred or been imposed, so long as it shall be customary for lenders or issuing banks
affected thereby to comply therewith. Notwithstanding any other provision herein, no Lender or Issuing Lender shall demand compensation pursuant to this Section 2.13 if it shall not at the time be the general policy or practice of such
Lender or Issuing Lender (as the case may be) to demand such compensation in similar circumstances under comparable provisions of other credit agreements, if any. 
 2.14. Joint and Several Liability of Borrowers. 
 (a) Each Borrower
is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations to be provided by the Lender Group under this Agreement, for the mutual benefit, directly and indirectly, of each
Borrower and in consideration of the undertakings of the other Borrowers to accept joint and several liability for the Obligations. 
 (b) Each Borrower, jointly and severally, hereby irrevocably and unconditionally accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other Borrowers, with respect
to the payment and performance of all of the Obligations (including any Obligations arising under this Section 2.14), it being the intention of the parties hereto that all the Obligations shall be the joint and several obligations of
each Borrower without preferences or distinction among them. 

  
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 (c) If and to the extent that any Borrower shall fail to make any payment with respect to
any of the Obligations as and when due or to perform any of the Obligations in accordance with the terms thereof, then in each such event the other Borrowers will make such payment with respect to, or perform, such Obligation. 

(d) The Obligations of each Borrower under the provisions of this Section 2.14 constitute the absolute and unconditional,
full recourse Obligations of each Borrower enforceable against each Borrower to the full extent of its properties and assets, irrespective of the validity, regularity or enforceability of this Agreement or any other circumstances whatsoever.

 (e) Except as otherwise expressly provided in this Agreement, each Borrower hereby waives notice of acceptance of its joint
and several liability, notice of any Revolving Loans or Letters of Credit issued under or pursuant to this Agreement, notice of the occurrence of any Default, Event of Default, or of any demand for any payment under this Agreement, notice of any
action at any time taken or omitted by Agent or Lenders under or in respect of any of the Obligations, any requirement of diligence or to mitigate damages and, generally, to the extent permitted by applicable law, all demands, notices and other
formalities of every kind in connection with this Agreement (except as otherwise provided in this Agreement). Each Borrower hereby assents to, and waives notice of, any extension or postponement of the time for the payment of any of the Obligations,
the acceptance of any payment of any of the Obligations, the acceptance of any partial payment thereon, any waiver, consent or other action or acquiescence by Agent or Lenders at any time or times in respect of any default by any Borrower in the
performance or satisfaction of any term, covenant, condition or provision of this Agreement, any and all other indulgences whatsoever by Agent or Lenders in respect of any of the Obligations, and the taking, addition, substitution or release, in
whole or in part, at any time or times, of any security for any of the Obligations or the addition, substitution or release, in whole or in part, of any Borrower. Without limiting the generality of the foregoing, each Borrower assents to any other
action or delay in acting or failure to act on the part of any Agent or Lender with respect to the failure by any Borrower to comply with any of its respective Obligations, including any failure strictly or diligently to assert any right or to
pursue any remedy or to comply fully with applicable laws or regulations thereunder, which might, but for the provisions of this Section 2.14 afford grounds for terminating, discharging or relieving any Borrower, in whole or in part,
from any of its Obligations under this Section 2.14, it being the intention of each Borrower that, so long as any of the Obligations hereunder remain unsatisfied, the Obligations of each Borrower under this Section 2.14 shall
not be discharged except by performance and then only to the extent of such performance. The Obligations of each Borrower under this Section 2.14 shall not be diminished or rendered unenforceable by any winding up, reorganization,
arrangement, liquidation, reconstruction or similar proceeding with respect to any Borrower or any Agent or Lender. 
 (f) Each
Borrower represents and warrants to Agent and Lenders that such Borrower is currently informed of the financial condition of Borrowers and of all other circumstances which a diligent inquiry would reveal and which bear upon the risk of nonpayment of
the Obligations. Each Borrower further represents and warrants to Agent and Lenders that such Borrower has read and understands the terms and conditions of the Loan Documents. Each Borrower hereby covenants that such Borrower will continue to keep
informed of Borrowers’ financial condition, the financial condition of other guarantors, if any, and of all other circumstances which bear upon the risk of nonpayment or nonperformance of the Obligations. 

  
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 (g) Each Borrower waives all rights and defenses arising out of an election of remedies by
Agent or any Lender, even though that election of remedies, such as a nonjudicial foreclosure with respect to security for a guaranteed obligation, has destroyed Agent’s or such Lender’s rights of subrogation and reimbursement against such
Borrower by the operation of Section 580(d) of the California Code of Civil Procedure or any other similar laws or otherwise. 
 (h) The provisions of this Section 2.14 are made for the benefit of Agent, Lenders and their respective successors and assigns, and may be enforced by it or them from time to time against any
or all Borrowers as often as occasion therefor may arise and without requirement on the part of Agent, Lender, successor or assign first to marshal any of its or their claims or to exercise any of its or their rights against any Borrower or to
exhaust any remedies available to it or them against any Borrower or to resort to any other source or means of obtaining payment of any of the Obligations hereunder or to elect any other remedy. The provisions of this Section 2.14 shall
remain in effect until all of the Obligations shall have been paid in full or otherwise fully satisfied. If at any time, any payment, or any part thereof, made in respect of any of the Obligations, is rescinded or must otherwise be restored or
returned by Agent or any Lender upon the insolvency, bankruptcy or reorganization of any Borrower, or otherwise, the provisions of this Section 2.14 will forthwith be reinstated in effect, as though such payment had not been made.

 (i) Each Borrower hereby agrees that it will not enforce any of its rights of contribution or subrogation against any other
Loan Party with respect to any liability incurred by it hereunder or under any of the other Loan Documents, any payments made by it to Agent or Lenders with respect to any of the Obligations or any collateral security therefor until such time as all
of the Obligations have been paid in full in cash. Any claim which any Borrower may have against any other Loan Party with respect to any payments to any Agent or Lender hereunder or under any other Loan Documents are hereby expressly made
subordinate and junior in right of payment, without limitation as to any increases in the Obligations arising hereunder or thereunder, to the prior payment in full in cash of the Obligations and, in the event of any insolvency, bankruptcy,
receivership, liquidation, reorganization or other similar proceeding under the laws of any jurisdiction relating to any Loan Party, its debts or its assets, whether voluntary or involuntary, all such Obligations shall be paid in full in cash before
any payment or distribution of any character, whether in cash, securities or other property, shall be made to any other Loan Party therefor. 

3. CONDITIONS; TERM OF AGREEMENT. 
 3.1. Conditions Precedent to the Initial Extension of Credit. The obligation of each Lender to make the initial extensions of credit provided for hereunder is subject to the fulfillment, to
the satisfaction of Agent, each Co-Collateral Agent and each Lender, of each of the conditions precedent set forth on Schedule 3.1 (the making of such initial extensions of credit by a Lender being conclusively deemed to be its satisfaction
or waiver of the conditions precedent ). 

  
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 3.2. Conditions Precedent to all Extensions of Credit. The obligation of the
Lender Group (or any member thereof) to make any Revolving Loans hereunder (or to extend any other credit hereunder) at any time shall be subject to the following conditions precedent: 

(a) the representations and warranties of Parent or its Subsidiaries contained in this Agreement or in the other Loan Documents shall be
true and correct in all material respects (except that such materiality qualifier 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 date of such
extension of credit, as though made on and as of such date (except to the extent that such representations and warranties relate solely to an earlier date, in which case such representations and warranties shall be true and correct in all material
respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) as of such earlier date); 

(b) no Default or Event of Default shall have occurred and be continuing on the date of such extension of credit, nor shall either result
from the making thereof; 
 (c) no injunction, writ, restraining order, or other order of any nature restricting or prohibiting,
directly or indirectly, the extending of such credit shall have been issued and remain in force by any Governmental Authority against any Borrower, Agent, or any Lender; and 
 (d) no Material Adverse Change shall have occurred since the Closing Date. 
 No
member of the Lender Group shall make any Revolving Loans under Section 2.1 hereof without the consent of all Lenders at any time that an Event of Default under Section 8.6(a) hereof that arises on account of the occurrence of a
Split Lien Termination Date shall have occurred and be continuing, an Event of Default arising as a result of a breach of Section 5.16 hereof shall have occurred and be continuing or the lenders party to the Split Lien Credit Agreement
are refusing to fund as a result of the existence of an “Event of Default” under and as defined in the Split Lien Credit Agreement. 
 3.3. Maturity. This Agreement shall continue in full force and effect for a term ending on the earlier of the Maturity Date or the Required Prepayment Date. 

3.4. Effect of Maturity. On the earlier of the Maturity Date or the Required Prepayment Date, all commitments of the Lender
Group to provide additional credit hereunder shall automatically be terminated and all of the Obligations immediately shall become due and payable without notice or demand and Borrowers shall be required to repay all of the Obligations in full. No
termination of the obligations of the Lender Group (other than payment in full of the Obligations and termination of the Commitments) shall relieve or discharge any Loan Party of its duties, obligations, or covenants hereunder or under any other
Loan Document and Agent’s Liens in the Collateral shall continue to secure the Obligations and shall remain in effect until all Obligations have been paid in full and the Commitments have been terminated. When all of the Obligations have been
paid in full and the Lender Group’s obligations to provide additional credit under the Loan Documents have been terminated irrevocably, Agent will, at Borrowers’ sole expense, execute and deliver any termination statements, lien releases,
discharges of security interests, and other similar discharge or release documents (and, if applicable, in recordable form) as are reasonably necessary to release, as of record, Agent’s Liens and all notices of security interests and liens
previously filed by Agent. 

  
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 3.5. Early Termination by Borrowers. Borrowers have the option, at any time
upon 5 Business Days prior written notice to Agent, to terminate this Agreement and terminate the Commitments hereunder by repaying to Agent all of the Obligations in full, including, without limitation the prepayment fee described in
Section 2.10(d), as applicable. The foregoing notwithstanding, (a) Borrowers may rescind termination notices relative to proposed payments in full of the Obligations with the proceeds of third party Indebtedness if the closing for such
issuance or incurrence does not happen on or before the date of the proposed termination (in which case, a new notice shall be required to be sent in connection with any subsequent termination), and (b) Borrowers may extend the date of
termination at any time with the consent of Agent (which consent shall not be unreasonably withheld or delayed). 
 4. REPRESENTATIONS AND
WARRANTIES. 
 In order to induce the Lender Group to enter into this Agreement, each Borrower makes the following
representations and warranties to the Lender Group which shall be true, correct, and complete, in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified
or modified by materiality in the text thereof), as of the Closing Date, and shall be true, correct, and complete, in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that
already are qualified or modified by materiality in the text thereof), as of the date of the making of each Revolving Loan (or other extension of credit) made thereafter, as though made on and as of the date of such Revolving Loan (or other
extension of credit) (except to the extent that such representations and warranties relate solely to an earlier date, in which case such representations and warranties shall be true and correct in all material respects (except that such materiality
qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) as of such earlier date) and such representations and warranties shall survive the execution and
delivery of this Agreement: 
 4.1. Due Organization and Qualification; Subsidiaries. 

(a) Each Loan Party (i) is duly organized and existing and in good standing under the laws of the jurisdiction of its organization,
(ii) is qualified to do business in any state where the failure to be so qualified could reasonably be expected to result in a Material Adverse Effect, and (iii) has all requisite power and authority to own and operate its properties, to
carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents to which it is a party and to carry out the transactions contemplated thereby. 

(b) Set forth on Schedule 4.1(b) (as such Schedule may be updated from time to time to reflect changes resulting from transactions
permitted under this Agreement) is a complete and accurate description of the authorized Equity Interest of Parent, by class, and, as of the Closing Date, a description of the number of shares of each such class that are issued and outstanding.
Other than as described on Schedule 4.1(b), there are no subscriptions, options, 

  
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warrants, or calls relating to any shares of Parent’s Equity Interest, including any right of conversion or exchange under any outstanding security or other instrument. Parent is not subject
to any obligation (contingent or otherwise) to repurchase or otherwise acquire or retire any shares of its Equity Interest or any security convertible into or exchangeable for any of its Equity Interest. 

(c) Set forth on Schedule 4.1(c) (as such Schedule may be updated from time to time to reflect changes resulting from transactions
permitted under this Agreement), is a complete and accurate list of Parent’s direct and indirect Subsidiaries, showing: (i) the number of shares of each class of common and preferred Equity Interests authorized for each of such
Subsidiaries, and (ii) the number and the percentage of the outstanding shares of each such class owned directly or indirectly by Parent. All of the outstanding Equity Interest of each such Subsidiary has been validly issued and is fully paid
and non-assessable. 
 (d) Except as set forth on Schedule 4.1(c), there are no subscriptions, options, warrants, or
calls relating to any shares of Parent’s or its Subsidiaries’ Equity Interest, including any right of conversion or exchange under any outstanding security or other instrument. 

4.2. Due Authorization; No Conflict. 
 (a) Subject to the approval of the Bankruptcy Court pursuant to the Financing Order, as to each Loan Party, the execution, delivery, and performance by such Loan Party of the Loan Documents to which it is
a party have been duly authorized by all necessary action on the part of such Loan Party. 
 (b) Subject to the approval of the
Bankruptcy Court pursuant to the Financing Order, as to each Loan Party, the execution, delivery, and performance by such Loan Party of the Loan Documents to which it is a party do not and will not (i) violate any provision of federal, state,
or local law or regulation applicable to any Loan Party or its Subsidiaries, the Governing Documents of any Loan Party or its Subsidiaries, or any order, judgment, or decree of any court or other Governmental Authority binding on any Loan Party or
its Subsidiaries, (ii) conflict with, result in a breach of, or constitute (with due notice or lapse of time or both) a default under any material agreement of any Loan Party or its Subsidiaries, (iii) result in or require the creation or
imposition of any Lien of any nature whatsoever upon any assets of any Loan Party, other than Permitted Liens, or (iv) require any approval of any holder of Equity Interest of a Loan Party or any approval or consent of any Person under any
material agreement of any Loan Party, other than consents or approvals that have been obtained and that are still in force and effect. 
 4.3. Governmental Consents. Subject to approval of the Bankruptcy Court pursuant to the Financing Order, the execution, delivery, and performance by each Loan Party of the Loan Documents to
which such Loan Party is a party and the consummation of the transactions contemplated by the Loan Documents do not and will not require any registration with, consent, or approval of, or notice to, or other action with or by, any Governmental
Authority, other than registrations, consents, approvals, notices, or other actions that have been obtained and that are still in force and effect. 

  
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 4.4. Binding Obligations; Perfected Liens. 

(a) Subject to the approval of the Bankruptcy Court and pursuant to the Financing Order, each Loan Document has been duly executed and
delivered by each Loan Party that is a party thereto and is the legally valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its respective terms. 

(b) Subject to the approval of the Bankruptcy Court and pursuant to the Financing Order, Agent’s Liens are validly created,
perfected (other than (i) in respect of motor vehicles that are subject to a certificate of title, (ii) money, (iii) letter-of-credit rights (other than supporting obligations, (iv) commercial tort claims (other than those that,
by the terms of the Guaranty and Security Agreement, are required to be perfected), and (v) any Deposit Accounts and Securities Accounts not subject to a Control Agreement as permitted by Section 7(k)(iv) of the Security Agreement, and
subject only to the filing of financing statements, and the recordation of the Mortgages, in each case, in the appropriate filing offices), and first priority Liens, subject as to priority only to Permitted Senior Liens. 

4.5. Title to Assets; No Encumbrances. Each of the Loan Parties and its Subsidiaries has (a) good, sufficient and
legal title to (in the case of fee interests in Real Property), (b) valid leasehold interests in (in the case of leasehold interests in real or personal property), and (c) good and marketable title to (in the case of all other personal
property), all of their respective assets reflected in their most recent financial statements delivered pursuant to Section 5.1, in each case except for assets disposed of since the date of such financial statements to the extent
permitted hereby. All of such assets are free and clear of Liens except for Permitted Liens. 
 4.6. Litigation.

 (a) Other than the filing, commencement and continuation of the Bankruptcy Cases and any litigation resulting therefrom, there
are no actions, suits, or proceedings pending or, to the knowledge of Borrowers, after due inquiry, threatened in writing against a Loan Party or any of its Subsidiaries that either individually or in the aggregate could reasonably be expected to
result in a Material Adverse Effect. 
 (b) Schedule 4.6(b) sets forth a complete and accurate description, with respect
to each of the actions, suits, or proceedings with asserted liabilities in excess of, or that could reasonably be expected to result in liabilities in excess of, $100,000 that, as of the Closing Date, is pending or, to the knowledge of Borrowers,
after due inquiry, threatened against a Loan Party or any of its Subsidiaries, of (i) the parties to such actions, suits, or proceedings, (ii) the nature of the dispute that is the subject of such actions, suits, or proceedings,
(iii) the procedural status, as of the Closing Date, with respect to such actions, suits, or proceedings, and (iv) whether any liability of the Loan Parties’ and their Subsidiaries in connection with such actions, suits, or
proceedings is covered by insurance. 
 4.7. Compliance with Laws. Except as otherwise permitted by the Bankruptcy
Code or pursuant to any order of the Bankruptcy Court, which order shall be in form and substance acceptable to the Agent, no Loan Party nor any of its Subsidiaries (a) is in violation of

  
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any applicable laws, rules, regulations, executive orders, or codes (including Environmental Laws) that, individually or in the aggregate, could reasonably be expected to result in a Material
Adverse Effect, or (b) is subject to or in default with respect to any final judgments, writs, injunctions, decrees, rules or regulations of any court or any federal, state, municipal or other governmental department, commission, board, bureau,
agency or instrumentality, domestic or foreign, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. 
 4.8. No Material Adverse Effect. All historical financial statements relating to the Loan Parties and their Subsidiaries that have been delivered by Borrowers to Agent have been prepared in
accordance with GAAP (except, in the case of unaudited financial statements, for the lack of footnotes and being subject to year-end audit adjustments) and present fairly in all material respects, the Loan Parties’ and their Subsidiaries’
consolidated financial condition as of the date thereof and results of operations for the period then ended. Since December 29, 2012, other than the filing, commencement and continuation of the Bankruptcy Cases and the events that customarily
result from the filing, commencement and continuation of the Bankruptcy Cases (including any litigation resulting therefrom), no event, circumstance, or change has occurred that has or could reasonably be expected to result in a Material Adverse
Effect with respect to the Loan Parties and their Subsidiaries. 
 4.9. No Fraudulent Conveyance. No transfer of
property is being made by any Loan Party and no obligation is being incurred by any Loan Party in connection with the transactions contemplated by this Agreement or the other Loan Documents with the intent to hinder, delay, or defraud either present
or future creditors of such Loan Party. 
 4.10. Employee Benefits. No Loan Party, none of their Subsidiaries, nor
any of their ERISA Affiliates maintains or contributes to any Benefit Plan. 
 4.11. Environmental Condition.
Except as set forth on Schedule 4.11, (a) to Borrowers’ knowledge, no Loan Party’s nor any of its Subsidiaries’ properties or assets has ever been used by a Loan Party, its Subsidiaries, or by previous owners or operators
in the disposal of, or to produce, store, handle, treat, release, or transport, any Hazardous Materials, where such disposal, production, storage, handling, treatment, release or transport was in violation, in any material respect, of any applicable
Environmental Law, (b) to Borrowers’ knowledge, after due inquiry, no Loan Party’s nor any of its Subsidiaries’ properties or assets has ever been designated or identified in any manner pursuant to any environmental protection
statute as a Hazardous Materials disposal site, (c) no Loan Party nor any of its Subsidiaries has received notice that a Lien arising under any Environmental Law has attached to any revenues or to any Real Property owned or operated by a Loan
Party or its Subsidiaries, and (d) no Loan Party nor any of its Subsidiaries nor any of their respective facilities or operations is subject to any outstanding written order, consent decree, or settlement agreement with any Person relating to
any Environmental Law or Environmental Liability. 
 4.12. Complete Disclosure. All factual information taken as a
whole (other than forward-looking information and projections and information of a general economic nature and general information about Borrowers’ industry) furnished by or on behalf of a Loan Party or its Subsidiaries in writing to Agent, any
Co-Collateral Agent or any Lender (including all 

  
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information contained in the Schedules hereto or in the other Loan Documents) for purposes of or in connection with this Agreement or the other Loan Documents, and all other such factual
information taken as a whole (other than forward-looking information and projections and information of a general economic nature and general information about Borrowers’ industry) hereafter furnished by or on behalf of a Loan Party or its
Subsidiaries in writing to Agent, any Collateral Agent or any Lender will be, true and accurate, in all material respects, on the date as of which such information is dated or certified and not incomplete by omitting to state any fact necessary to
make such information (taken as a whole) not misleading in any material respect at such time in light of the circumstances under which such information was provided. The Projected Information delivered to Agent and Co-Collateral Agents, on
January 27, 2013, represent, and as of the date on which any other Projections are delivered to Agent and Co-Collateral Agents, such additional Projections represent, Borrowers’ good faith estimate, on the date such Projections are
delivered, of the Loan Parties’ and their Subsidiaries’ future performance for the periods covered thereby based upon assumptions believed by Borrowers to be reasonable at the time of the delivery thereof to Agent and Co-Collateral Agents
(it being understood that such Projections are subject to significant uncertainties and contingencies, many of which are beyond the control of the Loan Parties and their Subsidiaries, and no assurances can be given that such Projections will be
realized, and although reflecting Borrowers’ good faith estimate, projections or forecasts based on methods and assumptions which Borrowers believed to be reasonable at the time such Projections were prepared, are not to be viewed as facts, and
that actual results during the period or periods covered by the Projections may differ materially from projected or estimated results). 
 4.13. Patriot Act. To the extent applicable, each Loan Party is in compliance, in all material respects, with the (a) Trading with the Enemy Act, as amended, and each of the foreign
assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, and (b) Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism (USA Patriot Act of 2001) (the “Patriot Act”). No part of the proceeds of the loans made hereunder will be used by any Loan Party or any of their Affiliates, 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 the United States Foreign Corrupt Practices Act of 1977, as amended. 
 4.14.
Indebtedness. Set forth on Schedule 4.14 is a true and complete list of all Indebtedness of each Loan Party and each of its Subsidiaries outstanding immediately prior to the Closing Date that is to remain outstanding immediately
after giving effect to the closing hereunder on the Closing Date and such Schedule accurately sets forth the aggregate principal amount of such Indebtedness as of the date specified on such Schedule. 

4.15. Payment of Taxes. Except to the extent subject to the automatic stay and as otherwise permitted under
Section 5.5, all tax returns and reports of each Loan Party and its Subsidiaries required to be filed by any of them have been timely filed, and all taxes shown on such tax returns to be due and payable and all assessments, fees and
other governmental charges upon a Loan Party and its Subsidiaries and upon their respective assets, income, businesses and franchises that are due and payable have been paid when due and payable. Each Loan Party and

  
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each of its Subsidiaries have made adequate provision in accordance with GAAP for all taxes not yet due and payable. Borrowers know of no proposed tax assessment against a Loan Party or any of
its Subsidiaries that is not being actively contested by such Loan Party or such Subsidiary diligently, in good faith, and by appropriate proceedings; provided such reserves or other appropriate provisions, if any, as shall be required in conformity
with GAAP shall have been made or provided therefor. 
 4.16. Margin Stock. No Loan Party nor any of its
Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock. No part of the proceeds of the loans made to Borrowers will be used to
purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock or for any purpose that violates the provisions of Regulation T, U or X of the Board of Governors. 

4.17. Governmental Regulation. No Loan Party nor any of its Subsidiaries is subject to regulation under the Federal
Power Act or the Investment Company Act of 1940 or under any other federal or state statute or regulation which may limit its ability to incur Indebtedness or which may otherwise render all or any portion of the Obligations unenforceable. No Loan
Party nor any of its Subsidiaries is a “registered investment company” or a company “controlled” by a “registered investment company” or a “principal underwriter” of a “registered investment company”
as such terms are defined in the Investment Company Act of 1940. 
 4.18. OFAC. No Loan Party nor any of its
Subsidiaries is in violation of any of the country or list based economic and trade sanctions administered and enforced by OFAC. No Loan Party nor any of its Subsidiaries (a) is a Sanctioned Person or a Sanctioned Entity, (b) has its
assets located in Sanctioned Entities, or (c) derives revenues from investments in, or transactions with Sanctioned Persons or Sanctioned Entities. No proceeds of any loan made hereunder will be used to fund any operations in, finance any
investments or activities in, or make any payments to, a Sanctioned Person or a Sanctioned Entity. 
 4.19. Employee and
Labor Matters. There is (i) no unfair labor practice complaint pending or, to the knowledge of Borrowers, threatened against Parent or its Subsidiaries before any Governmental Authority and no grievance or arbitration proceeding pending
or threatened against Parent or its Subsidiaries which arises out of or under any collective bargaining agreement and that could reasonably be expected to result in a material liability, (ii) no strike, labor dispute, slowdown, stoppage or
similar action or grievance pending or threatened in writing against Parent or its Subsidiaries that could reasonably be expected to result in a material liability, or (iii) to the knowledge of Borrowers, after due inquiry, no union
representation question existing with respect to the employees of Parent or its Subsidiaries and no union organizing activity taking place with respect to any of the employees of Parent or its Subsidiaries. None of Parent or its Subsidiaries has
incurred any liability or obligation under the Worker Adjustment and Retraining Notification Act or similar state law, which remains unpaid or unsatisfied. The hours worked and payments made to employees of Parent or its Subsidiaries have not been
in violation of the Fair Labor Standards Act or any other applicable legal requirements, except to the extent such violations could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. All material
payments due from Parent or its Subsidiaries on account of wages and employee health and welfare insurance and other benefits have been paid or accrued as a liability on the books of Parent. 

  
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 4.20. Intentionally Omitted. 

4.21. Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to
their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists
under any of them. 
 4.22. Eligible Accounts. As to each Account that is identified by Borrowers as an Eligible
Account in a Borrowing Base Certificate submitted to Co-Collateral Agents, such Account is (a) a bona fide existing payment obligation of the applicable Account Debtor created by the sale and delivery of Inventory or the rendition of services
to such Account Debtor in the ordinary course of the Borrowers’ business, (b) owed to Borrowers without any known defenses, disputes, offsets, counterclaims, or rights of return or cancellation, and (c) not excluded as ineligible by
virtue of one or more of the excluding criteria (other than Co-Collateral Agents-discretionary criteria) set forth in the definition of Eligible Accounts. 
 4.23. Eligible Inventory. As to each item of Inventory that is identified by the Borrowers as Eligible Inventory in a Borrowing Base Certificate submitted to Co-Collateral Agents, such
Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than Co-Collateral Agents-discretionary criteria) set forth in the
definition of Eligible Inventory. 
 4.24. Location of Inventory. The Inventory of Borrowers is not stored with a
bailee, warehouseman, or similar party except to the extent permitted under Section 6.13 and is located only at, or in-transit between, the locations identified on Schedule 4.24 (as such Schedule may be updated pursuant to
Section 5.14). 
 4.25. Inventory Records. Each Loan Party keeps correct and accurate records
itemizing and describing the type, quality, and quantity of its and its Subsidiaries’ Inventory and the book value thereof. 
 4.26. Other Documents. Borrowers have delivered to Agent a complete and correct copy of the Split Lien Documents, including all schedules and exhibits thereto. The execution, delivery and
performance of each of the Split Lien Documents has been duly authorized by all necessary action on the part of Loan Parties. 

4.27. Matters Relating to Liens and Property Rights. The entry of the Financing Order is effective to create in favor of
Agent, for the benefit of Lenders, as security for the Obligations, (i) a valid first priority (other than with respect to the Permitted Priority Liens and the Carveout) Lien on all of the Collateral pursuant to Sections 364(c)(2), (c)(3) and
(d) of the Bankruptcy Code and (ii) an allowed administrative expense in each of the Bankruptcy Cases having priority under Section 364(c)(1) of the Bankruptcy Code over all other administrative expenses (including, without
limitation, such expenses specified in Sections 105, 326, 328, 330, 331, 365, 503(b), 506(c), 507(a), 507(b), 546(c), 726 and 1114 of the Bankruptcy Code), subject 

  
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only to the Permitted Priority Liens and the Carveout (the “Superpriority Claims”). Except for the Financing Order, no authorization, approval or other action by, and no notice
to or filing with, any Governmental Authority is required for either (x) the pledge or grant by Borrower or any of its Subsidiaries of the Liens purported to be created in favor of Agent pursuant to this Agreement or any of the Loan Documents
or (y) the exercise by Agent of any rights or remedies in respect of any Collateral (whether specifically granted or created pursuant to this Agreement, any of the Loan Documents or created or provided for by applicable law), except as may be
required in connection with the disposition of any pledged Collateral by laws generally affecting the offering and sale of securities. 
 4.28. Budget. The Budget was prepared by Borrowers’ financial personnel and represents the good faith belief of such Persons at such time as to the probable course of Borrowers’
business and financial affairs, over the periods shown therein, subject to the assumptions stated therein. 
 4.29.
Financing Order. The Financing Order is in full force and effect, is not subject to a pending appeal or motion for leave to appeal or other proceeding to set aside such order and has not been reversed, modified, amended, stayed or
vacated except, in the case of non-material modifications, with Agent’s written consent and, in the case of other modifications, with each Lender’s written consent. 
 5. AFFIRMATIVE COVENANTS. 
 Each Borrower covenants and agrees that, until
termination of all of the Commitments and payment in full of the Obligations: 
 5.1. Financial Statements, Reports,
Certificates. Borrowers (a) will deliver to Agent, with copies to each Lender, each of the financial statements, reports, and other items set forth on Schedule 5.1 no later than the times specified therein, (b) agree that no
Subsidiary of a Loan Party will have a fiscal year different from that of Borrowers, (c) agree to maintain a system of accounting that enables Borrowers to produce financial statements in accordance with GAAP (except, in the case of unaudited
financial statements, for the lack of footnotes and being subject to year-end audit adjustments) and maintain records pertaining to the Collateral that contains information as from time to time that reasonably may be requested by Agent, and
(d) agree that they will, and will cause each other Loan Party to, (i) keep a reporting system that shows all additions, sales, claims, returns, and allowances with respect to their and their Subsidiaries’ sales, and
(ii) maintain their billing systems and practices substantially as in effect as of the Closing Date and shall only make material modifications thereto with notice to, and with the consent of, Agent. 

5.2. Reporting. Borrowers (a) will deliver to Agent and Co-Collateral Agents (and if so requested by Agent, with
copies for each Lender) each of the reports set forth on Schedule 5.2 at the times specified therein, and (b) agree to cooperate fully with Agent and Co-Collateral Agents to facilitate and implement a system of electronic collateral
reporting in order to provide electronic reporting of each of the items set forth on such Schedule. 

  
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 5.3. Existence. Except as otherwise permitted under
Section 6.4, Parent will, and will cause each of its Subsidiaries to, at all times preserve and keep in full force and effect such Person’s valid existence and good standing in its jurisdiction of organization and, except as
could not reasonably be expected to result in a Material Adverse Effect, good standing with respect to all other jurisdictions in which it is qualified to do business and any rights, franchises, permits, licenses, accreditations, authorizations, or
other approvals material to their businesses. 
 5.4. Maintenance of Properties. Parent will, and will cause each
of its Subsidiaries to, maintain and preserve all of its assets that are necessary or useful in the proper conduct of its business in good working order and condition, ordinary wear, tear, casualty, and condemnation excepted. 

5.5. Taxes. Parent will, and will cause each of its Subsidiaries to, pay in full before delinquency or before the
expiration of any extension period (including any extension by virtue of the Bankruptcy Cases) all material governmental assessments and taxes with respect to periods after the Filing Date whether real, personal or otherwise, due and payable by, or
imposed, levied, or assessed against it, or any of its assets, except to the extent that the validity of such governmental assessment or tax is the subject of a Permitted Protest. 

5.6. Insurance. Parent will, and will cause each of its Subsidiaries to, at Borrowers’ expense, (a) maintain
insurance respecting each of Parent’s and its Subsidiaries’ assets wherever located, covering liabilities, losses or damages as are customarily are insured against by other Persons engaged in same or similar businesses and similarly
situated and located. All such policies of insurance shall be with financially sound and reputable insurance companies acceptable to Agent and in such amounts as is carried generally in accordance with sound business practice by companies in similar
businesses similarly situated and located and, in any event, in amount, adequacy, and scope reasonably satisfactory to Agent (it being agreed that the amount, adequacy, and scope of the policies of insurance of Borrowers in effect as of the Closing
Date are acceptable to Agent). All property insurance policies covering the Collateral are to be made payable to Agent for the benefit of Agent and the Lenders, as their interests may appear, in case of loss, pursuant to a standard loss payable
endorsement with a standard non-contributory “lender” or “secured party” clause and are to contain such other provisions as Agent may reasonably require to fully protect the Lenders’ interest in the Collateral and to any
payments to be made under such policies. All certificates of property and general liability insurance are to be delivered to Agent, with the loss payable (but only in respect of Collateral) and additional insured endorsements in favor of Agent and
shall provide for not less than 30 days (10 days in the case of non-payment) prior written notice to Agent of the exercise of any right of cancellation. If Parent or its Subsidiaries fail to maintain such insurance, Agent may arrange for such
insurance, but at Borrowers’ expense and without any responsibility on Agent’s part for obtaining the insurance, the solvency of the insurance companies, the adequacy of the coverage, or the collection of claims. Administrative Borrower
shall give Agent prompt notice of any loss exceeding $250,000 covered by its or its Subsidiaries’ property or business interruption insurance. Upon the occurrence and during the continuance of an Event of Default, Agent shall have the sole
right to file claims under any property insurance policies in respect of the Collateral, to receive, receipt and give acquittance for any payments that may be payable thereunder, and to execute any and all endorsements, receipts, releases,
assignments, reassignments or other documents that may be necessary to effect the collection, compromise or settlement of any claims under any such insurance policies. 

  
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 5.7. Inspection. 

(a) Parent will, and will cause each of its Subsidiaries to, permit Agent, any Co-Collateral Agent, any Lender, and each of their
respective duly authorized representatives or agents to visit any of its properties and inspect any of its assets or books and records, to examine and make copies of its books and records, and to discuss its affairs, finances, and accounts with, and
to be advised as to the same by, its officers and employees (provided an authorized representative of Administrative Borrower shall be allowed to be present) at such reasonable times and intervals as Agent, any Co-Collateral Agent or any Lender, as
applicable, may designate and, so long as no Default or Event of Default has occurred and is continuing, with reasonable prior notice to Administrative Borrower and during regular business hours. 

(b) Parent will, and will cause each of its Subsidiaries to, permit Agent or Co-Collateral Agents and each of its duly authorized
representatives or agents to conduct appraisals and valuations at such reasonable times and intervals and in such manner as Agent or Co-Collateral Agents may designate. 
 5.8. Compliance with Laws. Parent will, and will cause each of its Subsidiaries to, comply with the requirements of all applicable laws, rules, regulations, and orders of any Governmental
Authority, other than laws, rules, regulations, and orders the non-compliance with which, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

5.9. Environmental. Parent will, and will cause each of its Subsidiaries to, 

(a) Keep any property either owned or operated by Parent or its Subsidiaries free of any Environmental Liens or post bonds or other
financial assurances sufficient to satisfy the obligations or liability evidenced by such Environmental Liens, 
 (b) Comply, in
all material respects, with Environmental Laws and provide to Agent documentation of such compliance which Agent reasonably requests, 
 (c) Promptly notify Agent of any release of which any Borrower has knowledge of a Hazardous Material in any reportable quantity from or onto property owned or operated by Parent or its Subsidiaries and
take any Remedial Actions required to abate said release or otherwise to come into compliance, in all material respects, with applicable Environmental Law, and 
 (d) Promptly, but in any event within 5 Business Days of its receipt thereof, provide Agent with written notice of any of the following: (i) notice that an Environmental Lien has been filed against
any of the real or personal property of Parent or its Subsidiaries, (ii) commencement of any Environmental Action or written notice that an Environmental Action will be filed against Parent or its Subsidiaries, and (iii) written notice of
a violation, citation, or other administrative order from a Governmental Authority. 

  
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 5.10. Disclosure Updates. Borrowers will, promptly and in no event later than
5 Business Days after obtaining knowledge thereof, notify Agent if any written information, exhibit, or report furnished to Agent, any Co-Collateral Agent or the Lenders contained, at the time it was furnished, any untrue statement of a material
fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made. The foregoing to the contrary notwithstanding, any notification pursuant to the foregoing
provision will not cure or remedy the effect of the prior untrue statement of a material fact or omission of any material fact nor shall any such notification have the effect of amending or modifying this Agreement or any of the Schedules hereto.

 5.11. Intentionally omitted. 
 5.12. Further Assurances. Parent will, and will cause each of the other Loan Parties to, at any time upon the reasonable request of Agent, execute or deliver to Agent any and all financing
statements, fixture filings, security agreements, pledges, assignments, mortgages, deeds of trust, opinions of counsel, and all other documents (the “Additional Documents”) that Agent may reasonably request in form and substance
reasonably satisfactory to Agent, to create, perfect, and continue perfected or to better perfect Agent’s Liens in the assets of Parent and its Subsidiaries (whether now owned or hereafter arising or acquired, tangible or intangible, real or
personal), to create and perfect Liens in favor of Agent in any Real Property acquired (x) in fee by any Loan Party with a fair market value in excess of $200,000 or (y) by lease, with respect to which the gross rental payments are in
excess of $100,000 annually and for which the term of the leasehold (after giving effect to any renewals and extensions at the option of Loan Parties) is two years or longer, and in order to fully consummate all of the transactions contemplated
hereby and under the other Loan Documents; provided that the foregoing shall not apply to any Subsidiary of Parent that is a CFC if providing such documents would result in adverse tax consequences or the costs to the Loan Parties of providing such
documents are unreasonably excessive (as determined by Agent in consultation with Administrative Borrower) in relation to the benefits to Agent and the Lenders of the security afforded thereby. To the maximum extent permitted by applicable law, if
any Loan Party refuses or fails to execute or deliver any reasonably requested Additional Documents within a reasonable period of time following the request to do so, each Loan Party hereby authorizes Agent to execute any such Additional Documents
in the applicable Loan Party’s name and authorizes Agent to file such executed Additional Documents in any appropriate filing office. In furtherance of, and not in limitation of, the foregoing, each Loan Party shall take such actions as Agent
may reasonably request from time to time to ensure that the Obligations are guaranteed by the Guarantors and are secured by substantially all of the assets of Parent and its Subsidiaries, including all of the outstanding capital Equity Interests of
Borrowers and Borrowers’ Subsidiaries (subject to exceptions and limitations contained in the Loan Documents with respect to CFCs). 
 5.13. Chief Restructuring Officer. Borrowers will continue to appoint, retain and engage the Chief Restructuring Officer on terms and conditions acceptable to the Agent, which will include,
without limitation, assisting Borrowers in the management of their businesses, preparation of forecasts and projections, and the formulation and implementation of strategic initiatives in connection with the Bankruptcy Cases. Borrowers hereby and
will continue to authorize and instruct the chief restructuring officer to (a) share with the Agent and Lenders all budgets, records, projections, financial information, reports and other information relating to the

  
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Collateral, the financial condition, operations and the sale, marketing or reorganization process of the Borrowers’ businesses and assets as requested from time to time, except to the extent
access to such information would compromise the Borrowers’ attorney-client privilege and (b) make himself available to Agent, the Co-Collateral Agents and the Lenders as reasonably requested by the Agent, the Co-Collateral Agents and the
Lenders. Borrowers will provide the chief restructuring officer, complete access to all of the Borrowers’ books and records, all of Borrowers’ premises and to Borrowers’ management as and when deemed necessary by the chief
restructuring officer or the Agent. 
 5.14. Location of Inventory. Parent will, and will cause each of its
Subsidiaries to, keep its Inventory only at the locations identified on Schedule 4.24 and their chief executive offices only at the locations identified on Schedule 4.24 as its chief executive office; provided, that
Borrowers may amend Schedule 4.24 so long as such amendment occurs by written notice to Agents not less than 10 days prior to the date on which such Inventory is moved to such new location or such chief executive office is relocated and so
long as such new location is within the continental United States. 
 5.15. Guarantor Reports. Parent will, and
will cause each of its Subsidiaries to, cause each Guarantor to deliver its annual financial statements at the time when Borrowers provide their financial statements to Agent, but only to the extent such Guarantor’s financial statements are not
consolidated with Borrowers’ financial statements. 
 5.16. Bankruptcy Transaction Milestones. Parent will,
and will cause each of its Subsidiaries to, cause the performance and delivery of the items set forth on Schedule 5.16 on or before the dates specified therein with respect to such items (the “Milestones”). 

6. NEGATIVE COVENANTS. 

Each Borrower covenants and agrees that, until termination of all of the Commitments and payment in full of the Obligations: 

6.1. Indebtedness. Parent will not, and will not permit any of its Subsidiaries to create, incur, assume, suffer to exist,
guarantee, or otherwise become or remain, directly or indirectly, liable with respect to any Indebtedness, except for Permitted Indebtedness. Parent will not, and will not permit any of its Subsidiaries to be or remain liable with respect to surety
and appeal bonds, performance bonds, bid bonds, appeal bonds, completion guarantee or similar obligations (whether or not drawn) except for Permitted Surety Bonds in an aggregate amount not in excess of $30,000,000 at any time. 

6.2. Liens. Parent will not, and will not permit any of its Subsidiaries to create, incur, assume, or suffer to exist,
directly or indirectly, any Lien on or with respect to any of its assets, of any kind, whether now owned or hereafter acquired, or any income or profits therefrom, except for Permitted Liens. Notwithstanding anything to the contrary in this
Agreement or other Loan Documents, Parent will not, and will not permit any of its Subsidiaries to, create, incur, assume, or suffer to exist, directly or indirectly, any Lien with priority over the Liens created by the Loan Documents and Split Lien
Loan Documents, except the Carveout. 

  
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 6.3. Restrictions on Fundamental Changes. Parent will not, and will not permit
any of its Subsidiaries to, 
 (a) enter into any merger, consolidation, reorganization, or recapitalization, or reclassify its
Equity Interests, 
 (b) liquidate, wind up, or dissolve itself (or suffer any liquidation or dissolution), 

(c) suspend or cease operating a substantial portion of its or their business, or 

(d) form any new Subsidiary without Agent’s prior written consent; provided, that, to the extent the Agent consents to the formation
of any new Subsidiary, such new Subsidiary shall guaranty the Obligations and grant Liens on substantially all of its assets to secure the Obligations pursuant to documentation in form and substance acceptable to Agent. 

6.4. Disposal of Assets. Other than Permitted Dispositions, Parent will not, and will not permit any of its Subsidiaries to
convey, sell, lease, license, assign, transfer, or otherwise dispose of (or enter into an agreement to convey, sell, lease, license, assign, transfer, or otherwise dispose of) any of its or their assets. 

6.5. Nature of Business. Parent will not, and will not permit any of its Subsidiaries to make any change in the nature of
its or their business as described in Schedule 6.5 or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent Parent and its
Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business. 
 6.6.
Prepayments and Amendments. Parent will not, and will not permit any of its Subsidiaries to, 
 (a) Except in
connection with Refinancing Indebtedness permitted by Section 6.1, 
 (i) optionally prepay, redeem, defease,
purchase, or otherwise acquire any Indebtedness of Parent or its Subsidiaries (including the Indebtedness under the Split Lien Documents), other than (A) the Obligations in accordance with this Agreement, and (B) Permitted Intercompany
Advances, or 
 (ii) make any payment on account of Indebtedness that has been contractually subordinated in right of payment
to the Obligations if such payment is not permitted at such time under the subordination terms and conditions applicable thereto, or 
 (b) Directly or indirectly, amend, modify, or change any of the terms or provisions of 
 (i) any agreement, instrument, document, indenture, or other writing evidencing or concerning Permitted Indebtedness other than (A) the Obligations in accordance with this Agreement, (B) the
Split Lien Documents in accordance with the terms of the Split 

  
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Lien Intercreditor Agreement (as in effect on the date hereof), (C) Permitted Intercompany Advances, and (D) ordinary course amendments, modifications and changes to Indebtedness
permitted under clauses (d), (f), and (i) of the definition of Permitted Indebtedness, or 
 (ii) the Governing Documents
of any Loan Party or any of its Subsidiaries if the effect thereof, either individually or in the aggregate, could reasonably be expected to be materially adverse to the interests of the Lenders. 

6.7. Restricted Payments. Parent will not, and will not permit any of its Subsidiaries to make any Restricted Payment.

 6.8. Accounting Methods. Parent will not, and will not permit any of its Subsidiaries to modify or change its
fiscal year or its method of accounting (other than as may be required to conform to GAAP) or enter into, modify, or terminate any agreement currently existing, or at any time hereafter entered into with any third party accounting firm or service
bureau for the preparation or storage of Parent or its Subsidiaries’ accounting records without said accounting firm or service bureau agreeing to provide Agent information regarding Parent’s and its Subsidiaries’ financial condition.

 6.9. Investments. Parent will not, and will not permit any of its Subsidiaries to, directly or indirectly, make
or acquire any Investment or incur any liabilities (including contingent obligations) for or in connection with any Investment except for Permitted Investments. 
 6.10. Transactions with Affiliates. Parent will not, and will not permit any of its Subsidiaries to, directly or indirectly, enter into or permit to exist any transaction with any Affiliate
of Parent or any of its Subsidiaries except for: 
 (a) transactions (other than the payment of management, consulting,
monitoring, or advisory fees) between Parent or its Subsidiaries, on the one hand, and any Affiliate of Parent or its Subsidiaries, on the other hand, so long as such transactions (i) are fully disclosed to Agent prior to the consummation
thereof, if they involve one or more payments by Parent or its Subsidiaries in excess of $250,000 for any single transaction or series of related transactions, and (ii) are no less favorable, taken as a whole, to Parent or its Subsidiaries, as
applicable, than would be obtained in an arm’s length transaction with a non-Affiliate, 
 (b) so long as it has been
approved by Parent’s or its applicable Subsidiary’s board of directors (or comparable governing body) in accordance with applicable law, any indemnity provided for the benefit of directors (or comparable managers) of Parent or its
applicable Subsidiary, 
 (c) so long as it has been approved by Parent’s or its applicable Subsidiary’s board of
directors (or comparable governing body) in accordance with applicable law, the payment of reasonable compensation, severance, or employee benefit arrangements to employees, officers, and outside directors of Parent and its Subsidiaries in the
ordinary course of business and consistent with industry practice. 

  
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 Notwithstanding anything contained in this Agreement to the contrary, except for Permitted Intercompany
Advances, no Loan Party shall enter into any transaction with, make any loan, advance or other Investment in, or otherwise transfer any property to any Subsidiary of Parent that is not a Loan Party. 

6.11. Use of Proceeds. Parent will not, and will not permit any of its Subsidiaries to use the proceeds of any loan made
hereunder for any purpose other than (a) on the Closing Date, (i) to pay the fees, costs, and expenses incurred in connection with this Agreement, the other Loan Documents, the commencement of the Bankruptcy Cases and the transactions
contemplated hereby and thereby, (ii) to fund working capital needs and general corporate purposes of Borrowers (including, without limitation, payments with respect to the Carveout and the Management Incentive Plan) and (iii) to provide
payments of “adequate protection” (as set forth in Section 361 of the Bankruptcy Code) in favor of the Existing Lenders and (b) thereafter, consistent with the terms and conditions hereof, for their lawful and permitted purposes
(including that no part of the proceeds of the loans made to Borrowers will be used to purchase or carry any such Margin Stock or to extend credit to others for the purpose of purchasing or carrying any such Margin Stock or for any purpose that
violates the provisions of Regulation T, U or X of the Board of Governors), as permitted by, and consistent in all respects with, the Budget and the Financing Order, including, without limitation, to repay upon the entry of the Final Order, in full,
the Existing Secured Obligations, including outstanding principal, accrued interest, and accrued fees and expenses owing under or in connection with the Existing Loan Agreement and other Existing Loan Documents. 

Without limiting the generality of the foregoing, Parent will not, and will not permit any of its Subsidiaries to use the proceeds of any
loan made hereunder or any proceeds of ABL Priority Collateral to be applied to (i) repay or prepay any of the Existing Split Lien Indebtedness or Split Lien Indebtedness (including any interest, fees, costs and expenses, tax or indemnification
obligations), (ii) any Taxes incurred upon or as a result of the Disposition of Split Lien Priority Collateral or (iii) to affirmatively commence or support, or to pay any professional fees incurred to commence or support, any adversary
proceeding, motion or other action that seeks to challenge, contest or otherwise seek to impair or object to the validity, extent enforceability or priority of the Liens, claims or rights in favor of Agent, any Lender, Existing Agent or any Existing
Lender. 
 6.12. Limitation on Issuance of Equity Interests. Parent will not, and will not permit any of its
Subsidiaries to issue or sell or enter into any agreement or arrangement for the issuance or sale of any of its Equity Interests. 
 6.13. Inventory at Bailees. Parent will not, and will not permit any of its Subsidiaries to store its Inventory at any time with a bailee, warehouseman, or similar party except to the extent
the aggregate amount of such Inventory does not exceed $38,000,000 during the period commencing on May 1st through September 30 of each year and does not exceed $10,000,000 at any other time. 

  
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 6.14. Financing Order; Administrative Expense Priority; Payments. Parent will
not, and will not permit any of its Subsidiaries to: 
 (a) seek, consent to or suffer to exist at any time any modification,
stay, vacation or amendment of the Financing Order, except for non-material modifications and amendments joined in or agreed to in writing by Agent or material modifications and amendments joined in or agreed to in writing by Agent and each Lender;

 (b) seek the use of “Cash Collateral” (as defined in the Financing Order) in a manner inconsistent with the terms
of the Financing Order without, in the case of non-material deviations, the prior written consent of Agent and, in all other cases, the consent of each Lender; 
 (c) suffer to exist at any time a priority for any administrative expense or unsecured claim against any Borrower (now existing or hereafter arising of any kind or nature whatsoever, including, without
limitation, any administrative expenses of the kind specified in Sections 105, 326, 328, 365, 503((b), 506(c), 507(a), 507(b), 546(c), 726, 1113 and 1114 of the Bankruptcy Code) or any super priority claim which is equal or superior to the priority
of the Lender Group in respect of the Obligations, except for the amounts having a priority over the Obligations to the extent set forth in the definition of Carveout; 
 (d) suffer to exist at any time any Lien on any properties, assets or rights (including, without limitation, Accounts, Inventory and all other Collateral) except for Permitted Priority Liens; 

(e) prior to the date on which the Obligations have been indefeasibly paid in full in cash, all Letters of Credit have been cash
collateralized or returned for cancellation pursuant to this Agreement, and this Agreement has been terminated, pay any administrative expenses, except administrative expenses incurred in the ordinary course of the business of Borrowers, in each
case subject to the extent and having the order of priority set forth in the definition of Carveout; and 
 (f) notwithstanding
the foregoing, the Borrowers shall be permitted to pay as the same may become due and payable (i) administrative expenses of the kind specified in Section 503(b) of the Bankruptcy Code incurred in the ordinary course of business and to the
extent otherwise authorized under the Financing Order and this Agreement and (ii) compensation and reimbursement of expenses to professionals allowed and payable under Sections 330 and 331 of the Bankruptcy Code to the extent permitted by the
Financing Order. 
 6.15. Variance Test. Parent will not permit, and will not permit any of its Subsidiaries to
permit: 
 (a) (i) the aggregate amount of the actual receipts of the type set forth in the line item “Collections” on
the accepted thirteen-week cash flow forecast under the Budget during any first fiscal week of any fiscal month of the Administrative Borrower (the first such fiscal week ending on February 2, 2013) (each, a “Single Test Week”)
to be less than 75% of the budgeted amount, or (ii) the average amount of such actual receipts in any rolling two fiscal week period of any fiscal month of the Administrative Borrower (for the avoidance of doubt, such rolling two fiscal week
period ends on the end of the second, third, fourth and (if applicable) fifth fiscal week of each fiscal month) (each, a “Rolling Two Week Test Period”) to be less than 80% of the average budgeted amounts for such period, in each
case of (i) and (ii), set forth in the line item “Collections” on the accepted thirteen-week cash flow forecast under the Budget; 

  
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 (b) the average amount of the actual disbursements of the type set forth in the line item
“Payroll” on the accepted thirteen-week cash flow forecast under the Budget in any Rolling Two Week Test Period to exceed 110% of the average of the budgeted amounts for such period set forth in the line item “Payroll” on the
accepted thirteen-week cash flow forecast under the Budget; 
 (c) (i) the aggregate amount of the actual disbursements of the
type set forth in any of the line items “Debtor Professional Fees”, “Professional Fees for Unsecured Creditors”, “AP Disbursement” and “Total Disbursements” on the accepted thirteen-week cash flow forecast
under the Budget in any Single Test Week to exceed 115% of the budgeted amount, or (ii) the average amount of each type of such disbursements in any Rolling Two Week Test Period to exceed 110% of the average of the budgeted amounts for such
period, in each case of (i) and (ii), set forth in the corresponding line item “Debtor Professional Fees”, “Professional Fees for Unsecured Creditors”, “AP Disbursement” and “Total Disbursements” on the
accepted thirteen-week cash flow forecast under the Budget; 
 (d) (i) the sum of the aggregate amounts of the actual
disbursements of the types set forth in line items “Debtor Professional Fees”, “Professional Fees for Unsecured Creditors” and “Restructuring/Other Profess. Fees” on the accepted thirteen-week cash flow forecast under
the Budget (the “Professional Fees Line Items”) in any Single Test Week to exceed 115% of sum of the budgeted amounts, or (ii) the average amount of the sum of such types of disbursements in any Rolling Two Week Test Period to
exceed 110% of the average of the sum of the budgeted amounts for such period, in each case of (i) and (ii), set forth in the Professional Fees Line Items on the accepted thirteen-week cash flow forecast under the Budget, or 

(e) (i) the aggregate amount of the actual net cash flows of the type set forth in any of the line items “Net Cash Flows” on
the accepted thirteen-week cash flow forecast under the Budget during any Single Test Week to be (x) less than 85% of the budgeted amount if such budgeted amount is positive or (y) more than 115% of the budgeted amount if such
budgeted amount is negative, or (ii) the average amount of such type of net cash flows in any Rolling Two Week Test Period to be less than 85% of the average of the budgeted amount of such period if such average is positive or (y) more
than 115% of the average of the budgeted amount if such budgeted amount is negative, in each case of (i) and (ii), set forth in the corresponding line item “Net Cash Flows” on the accepted thirteen-week cash flow forecast under
the Budget. 
 Notwithstanding the variance tests set forth in clauses (c) and (e) of this Section 6.15 and solely with respect
to the variance tests set forth therein, (i) the fiscal week ending February 2, 2013 (“Week 1”) and the fiscal week ending February 9, 2013 (“Week 2”) in the Budget will be combined and treated as a
Single Test Week and (ii) such tests with respect to any Rolling Two Week Test Period shall not apply until the end of the rolling three fiscal week period ending February 16, 2013 (and for the avoidance of doubt, will include the combined
Week 1 and Week 2 referenced in (i) together with the fiscal week ending February 16, 2013 on a cumulative basis). 

  
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 7. [INTENTIONALLY OMITTED] 
 8. EVENTS OF DEFAULT. 
 Any one or more of the following events shall
constitute an event of default (each, an “Event of Default”) under this Agreement: 
 8.1. Payments. If
any Borrower fails to pay when due and payable, or when declared due and payable, (a) all or any portion of the Obligations consisting of interest, fees, or charges due the Lender Group, reimbursement of Lender Group Expenses, or other amounts
(other than any portion thereof constituting principal) constituting Obligations (including any portion thereof that accrues after the commencement of the Bankruptcy Cases), and such failure continues for a period of 3 Business Days, (b) all or
any portion of the principal of the Loans, (c) any amount payable to Issuing Lender in reimbursement of any drawing under a Letter of Credit, or (d) all or any portion of the Existing Secured Obligations as and when due and payable in
accordance with the Financing Order. 
 8.2. Covenants. If any Loan Party or any of its Subsidiaries: 

(a) fails to perform or observe any covenant or other agreement contained in any of (i) Sections 5.1, 5.2, 5.3
(solely if a Loan Party is not in good standing in its jurisdiction of organization), 5.6, 5.7 (solely if a Loan Party refuses to allow Agent or its representatives or agents to visit such Loan Party’s properties, inspect its
assets or books or records, examine and make copies of its books and records, or discuss such Loan Party’s affairs, finances, and accounts with officers and employees of such Loan Party), 5.10, 5.13, 5.14, 5.15 or
5.16 of this Agreement, (ii) Sections 6 of this Agreement, (iii) Section 7 of this Agreement, or (iv) Section 7 of the Guaranty and Security Agreement; 

(b) fails to perform or observe any covenant or other agreement contained in any of Sections 5.3 (other than if a Loan Party is
not in good standing in its jurisdiction of organization), 5.4, 5.5, 5.8, and 5.12 of this Agreement and such failure continues for a period of 10 days after the earlier of (i) the date on which such failure shall
first become known to any officer of any Borrower or (ii) the date on which written notice thereof is given to Administrative Borrower by Agent; or 
 (c) fails to perform or observe any covenant or other agreement contained in this Agreement, or in any of the other Loan Documents, in each case, other than any such covenant or agreement that is the
subject of another provision of this Section 8 (in which event such other provision of this Section 8 shall govern), and such failure continues for a period of 30 days after the earlier of (i) the date on which such
failure shall first become known to any officer of any Borrower or (ii) the date on which written notice thereof is given to Administrative Borrower by Agent. 

  
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 8.3. Judgments. If, after the Filing Date, one or more judgments, orders, or
awards for the payment of money involving an aggregate amount of $200,000, or more (except to the extent fully covered (other than to the extent of customary deductibles) by insurance pursuant to which the insurer has not denied coverage) is entered
or filed against a Loan Party or any of its Subsidiaries, or with respect to any of their respective assets, and either (a) there is a period of 30 
 consecutive days at any time after the entry of any such judgment, order, or award during which (1) the same is not discharged, satisfied, vacated, or bonded pending appeal, or (2) a stay of
enforcement thereof is not in effect, or (b) enforcement proceedings are commenced upon such judgment, order, or award; 

8.4. Existing Loan Documents. If there is an “Event of Default” under and as defined in the Existing Loan
Documents first arising after the Filing Date other than any default (x) arising prior to the Filing Date, (y) due to Borrowers’ filing, commencement and continuation of the Bankruptcy Cases and the events that customarily result from
the filing, commencement and continuation of the Bankruptcy Cases (including any litigation resulting therefrom), or (z) due to restrictions on payments arising under the Bankruptcy Cases; 

8.5. Intentionally Omitted. 
 8.6. Default Under Other Agreements. If, first arising after the Filing Date, there is (a) an “Event of Default” (as defined in the Split Lien Credit Agreement or the Existing
Split Lien Credit Agreement), (b) a default in one or more agreements to which a Loan Party or any of its Subsidiaries is a party with one or more third Persons relative to a Loan Party’s or any of its Subsidiaries’ Indebtedness
involving an aggregate amount of $200,000 or more, and such default (i) occurs at the final maturity of the obligations thereunder, or (ii) results in a right by such third Person, irrespective of whether exercised, to accelerate the
maturity of such Loan Party’s or its Subsidiary’s obligations thereunder, or (c) a default in or an involuntary early termination of one or more Hedge Agreements to which a Loan Party or any of its Subsidiaries is a party involving an
aggregate amount of $200,000 or more, other than (x) any default arising prior to the Filing Date, (y) due to Borrowers’ filing, commencement and continuation of the Bankruptcy Cases and any litigation arising therefrom, or
(z) due to restrictions on payments arising as a result of the Bankruptcy Cases; 
 8.7. Representations,
etc. If any warranty, representation, certificate, statement, or Record made herein or in any other Loan Document or delivered in writing to Agent, any Co-Collateral Agent or any Lender in connection with this Agreement or any other Loan
Document proves to be untrue in any material respect (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) as of the date of
issuance or making or deemed making thereof; 
 8.8. Guaranty. If the obligation of any Guarantor under any
guaranty of the Obligations is limited or terminated by operation of law or by such Guarantor (other than in accordance with the terms of this Agreement); 
 8.9. Security Documents. If Guaranty and Security Agreement or any other Loan Document that purports to create a Lien, shall, for any reason, fail or cease to create a valid and perfected
and, except to the extent of Permitted Senior Liens, first priority Lien on the Collateral covered thereby, except (a) as a result of a disposition of the applicable Collateral in a transaction permitted under this Agreement, or (b) as the
result of an action or failure to act on the part of Agent; 

  
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 8.10. Loan Documents. The validity or enforceability of any Loan Document
shall at any time for any reason (other than solely as the result of an action or failure to act on the part of Agent) be declared to be null and void, or a proceeding shall be commenced by a Loan Party or its Subsidiaries, or by any Governmental
Authority having jurisdiction over a Loan Party or its Subsidiaries, seeking to establish the invalidity or unenforceability thereof, or a Loan Party or its Subsidiaries shall deny that such Loan Party or its Subsidiaries has any liability or
obligation purported to be created under any Loan Document; 
 8.11. Change in Control. A Change in Control shall
occur, whether directly or indirectly; or 
 8.12. Bankruptcy Matters. 

(a) If Parent or any Subsidiary makes any payment on account of any Indebtedness existing as of the Filing Date, except for any payments
expressly authorized by the Financing Order and this Agreement or any payments set forth in the Budget and expressly authorized pursuant to any other order of the Bankruptcy Court not objected to by Agent within two (2) Business Days after
Agent has received written notification thereof from Administrative Borrower; 
 (b) If the Final Order is not entered within
thirty (30) days (or such other period as Agent and Required Lenders may agree to in writing) following entry of the Interim Order; or any Financing Order is stayed, revised, revoked, remanded, rescinded, amended, reversed, vacated, or modified
in any manner not acceptable to, in the case of non-material modifications or revisions, the Agent and, in all other cases, each Lender; 
 (c) If an order with respect to any of the Bankruptcy Cases shall be entered by the Bankruptcy Court (i) appointing a trustee under Section 1104, or an examiner with enlarged powers relating to
the operation of the business of the Loan Parties under Section 1106(b) of the Bankruptcy Code or (ii) terminating any Loan Party’s exclusive rights to file and solicit acceptances for its plan; 

(d) Subject to the entry of the Final Order, if any Person other than a Borrower in connection with the Agreement or the Existing Loan
Agreement shall assert any claim in an aggregate amount in excess of $50,000 in the any of the Bankruptcy Cases arising under Section 506(c) of the Bankruptcy Code against Agent, any Lender or the Collateral, and either (i) the same shall
remain unopposed by the Borrower for more than 5 Business Days, or (ii) in any event, any such claim shall not be disallowed, dismissed or withdrawn, with prejudice, within 60 days after the assertion thereof; 

(e) If any order is entered by the Bankruptcy Court sustaining any objection to the Existing Secured Obligations or any Existing Loan
Document; 

  
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 (f) If (i) any Borrower or any of its Subsidiaries shall attempt to invalidate, reduce
or otherwise impair the Liens or security interests of Agent and the Lenders, claims or rights against Borrower or any of its Subsidiaries or to subject any Collateral to assessment pursuant to Section 506(c) of the Bankruptcy Code,
(ii) any Lien or security interest created by this Agreement or the Financing Order shall, for any reason, ceases to be valid or (iii) any action is commenced by Borrower or any of its Subsidiaries which contests the validity, perfection
or enforceability of any of the Liens and security interests of Agent and the Lenders created by this Agreement or the Financing Order; 
 (g) If an order with respect to any of the Bankruptcy Cases shall be entered by the Bankruptcy Court converting any of the Bankruptcy Cases (or any case comprising part of any of the Bankruptcy Cases) to
a case under chapter 7 of the Bankruptcy Code; 
 (h) If any plan of reorganization is filed that, or an order shall be entered
by the Bankruptcy Court confirming a reorganization plan in any of the Bankruptcy Cases which, does not (i) contain a provision for termination of this Agreement and the Existing Loan Agreement, the Letter of Credit Collateralization in
accordance with the provisions of this Agreement or return for cancellation of all Letters of Credit, the cash collateralization of all contingent obligations hereunder and the indefeasible payment in full in cash of all Obligations and all Existing
Secured Obligations (“Paid in Full”) in a manner satisfactory to the Agent on or before the effective date, or substantial consummation, of such plan; provided, that the foregoing shall not affect the right of each Lender, if any,
to object to any plan of reorganization and (ii) provide for the continuation of the Liens and security interests granted to Agent and priorities until such plan effective date all Obligations and Existing Secured Obligations are Paid in Full;

 (i) If an order shall be entered by the Bankruptcy Court dismissing the any of the Bankruptcy Cases which does not contain a
provision for termination of this Agreement and the Existing Loan Agreement and the Obligations and Existing Secured Obligations are not Paid in Full on or before such dismissal; 

(j) If an order with respect to any of the Bankruptcy Cases shall be entered, (i) without the express prior written consent of
Agent, to revoke, vacate, reverse, stay, modify, supplement or amend this Agreement and the transactions contemplated hereby, any Loan Document or the Financing Order, or (ii) unless in accordance with the Budget and with the express prior
written consent of Agent, to permit any administrative expense or any claim (now existing or hereafter arising, of any kind or nature whatsoever) to have administrative priority as to Borrower’s equal or superior to the priority of the Lender
Group in respect of the Obligations, except for the amounts having a priority over the Obligations to the extent set forth in the definition of Carveout; 
 (k) If an order shall be entered by the Bankruptcy Court granting relief from the automatic stay to any creditor(s) of Parent or any Subsidiary of Parent with respect to any claim in an amount equal to or
exceeding $200,000 in the aggregate; provided, however, that it shall not be an Event of Default if relief from the automatic stay is granted (i) solely for the purpose of allowing such creditor to determine the liquidated amount of its claim
against any such Person or (ii) to permit the commencement of or prosecution of a proceeding to collect solely against an insurance company; 

  
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 (l) If a motion shall be filed seeking authority, or an order shall be entered in any of the
Bankruptcy Cases, that (a) permits Parent or any Subsidiary of Parent to incur Indebtedness secured by any claim under Bankruptcy Code Section 364(c)(1) or by a Lien pari passu with or superior to the Lien granted under the Loan
Documents and the Existing Loan Documents and Bankruptcy Code Sections 364(c)(2) or (d), unless (i) all of the Obligations and Existing Secured Obligations have been Paid in Full at the time of the entry of any such order, or (ii) the
Obligations and the Existing Secured Obligations are Paid in Full with such debt, or (b) permits Parent or any Subsidiary of Parent the right to use Collateral other than in accordance with the terms of the Financing Order, unless all of the
Obligations and Existing Secured Obligations shall have been Paid in Full; 
 (m) Proceeds of any sale of all or substantially
all assets of Borrowers are not directly remitted to Agent at the closing thereof, and the Obligations and the Secured Obligations are not Paid in Full in accordance with the terms of this Agreement from such proceeds; 

(n) Any motions to sell Collateral or approve procedures regarding the same or any plan or disclosure statement or supplements or
amendments thereto are not in form and substance reasonably acceptable to Agent, or any orders approving or amending any of the foregoing are not in form and substance reasonably acceptable to Agent and Co-Collateral Agents; 

(o) If Parent or any Subsidiary of Parent challenges the extent, validity or priority of the Obligations or the Existing Secured
Obligations or the application of any payments or collections received by Agent, Co-Collateral Agents or Lenders to the Obligations or Existing Secured Obligations as provided for herein; or any Loan Party challenges the validity, extent, perfection
or priority of any Liens granted in the Collateral to secure the Obligations or the Existing Secured Obligations; 
 (p) If
Lenders or the Collateral are surcharged pursuant to Sections 105, 506(c), 552 or any other section of the Bankruptcy Code; 

(q) If the Chief Restructuring Officer is terminated or disqualified for any reason, and Borrowers have not appointed a replacement Chief
Restructuring Officer reasonably acceptable to Agent within 7 days thereafter; or 
 (r) Any application for any of the orders
described in this Section 8.12 shall be made by any Person other than Agent and such application is not contested in good faith by each applicable Loan Party, or if such relief is granted, such applicable Loan Party does not obtain a stay
pending appeal of the entry of such order. 
 9. RIGHTS AND REMEDIES. 

9.1. Rights and Remedies. Notwithstanding the provisions of Section 362 of the Bankruptcy Code, upon the occurrence and
during the continuation of an Event of Default and subject to any notice required under the Financing Orders, the Required Lenders (at their election but without notice of their election and without demand) may authorize and instruct Agent to do any
one or more of the following on behalf of the Lender Group (and Agent, acting upon the instructions of the Required Lenders, shall do the same on behalf of the Lender Group), all of which are authorized by Borrowers: 

  
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 (a) (i) declare the principal of, and any and all accrued and unpaid interest and fees
in respect of, the Loans and all other Obligations (other than the Bank Product Obligations), whether evidenced by this Agreement or by any of the other Loan Documents to be immediately due and payable, whereupon the same shall become and be
immediately due and payable and Borrowers shall be obligated to repay all of such Obligations in full, without presentment, demand, protest, or further notice or other requirements of any kind, all of which are hereby expressly waived by Borrowers,
(ii) terminate any Letter of Credit that may be terminated in accordance with its terms, and (iii) direct Borrowers to provide (and Borrowers agree that upon receipt of such notice it will provide) Letter of Credit Collateralization to
Agent to be held as security for Borrowers’ reimbursement obligations for drawings that may subsequently occur under issued and outstanding Letters of Credit; 
 (b) cease advancing money or extending credit to or for the benefit of Borrowers under this Agreement, under any of the Loan Documents, or under any other agreement between Borrowers and the Lender Group;

 (c) subject to the applicable terms, if any, of the Financing Order, terminate this Agreement and any of the other Loan
Documents as to any future liability or obligation of the Lender Group, but without affecting any of the Agent’s Liens in the Collateral and without affecting the Obligations; 

(d) subject to the applicable terms, if any, of the Financing Order, the Lender Group shall have all other rights and remedies available
at law or in equity or pursuant to any other Loan Document; and 
 (e) exercise all other rights and remedies available to Agent
or the Lenders under the Loan Documents, under applicable law, or in equity. 
 9.2. Remedies Cumulative. The
rights and remedies of the Lender Group under this Agreement, the other Loan Documents, and all other agreements shall be cumulative. The Lender Group shall have all other rights and remedies not inconsistent herewith as provided under the Code, by
law, or in equity. No exercise by the Lender Group of one right or remedy shall be deemed an election, and no waiver by the Lender Group of any Event of Default shall be deemed a continuing waiver. No delay by the Lender Group shall constitute a
waiver, election, or acquiescence by it. 
 10. WAIVERS; INDEMNIFICATION. 

10.1. Demand; Protest; etc. Each Borrower waives demand, protest, notice of protest, notice of default or dishonor, notice
of payment and nonpayment, nonpayment at maturity, release, compromise, settlement, extension, or renewal of documents, instruments, chattel paper, and guarantees at any time held by the Lender Group on which any Borrower may in any way be liable.

  
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 10.2. The Lender Group’s Liability for Collateral. Each Borrower hereby
agrees that: (a) so long as Agent complies with its obligations, if any, under the Code, the Lender Group shall not in any way or manner be liable or responsible for: (i) the safekeeping of the Collateral, (ii) any loss or damage
thereto occurring or arising in any manner or fashion from any cause, (iii) any diminution in the value thereof, or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Person, and (b) all risk of
loss, damage, or destruction of the Collateral shall be borne by Borrowers. 
 10.3. Indemnification. Borrowers
shall pay, indemnify, defend, and hold the Agent-Related Persons, the Lender-Related Persons, and each Participant (each, an “Indemnified Person”) harmless (to the fullest extent permitted by law) from and against any and all
claims, demands, suits, actions, investigations, proceedings, liabilities, fines, costs, penalties, and damages, and all reasonable fees and disbursements of attorneys, experts, or consultants and all other costs and expenses actually incurred in
connection therewith or in connection with the enforcement of this indemnification (as and when they are incurred and irrespective of whether suit is brought), at any time asserted against, imposed upon, or incurred by any of them (a) in
connection with or as a result of or related to the execution and delivery (provided that Borrowers shall not be liable for costs and expenses (including attorneys’ fees) of any Lender (other than WFCF and GECC) incurred in advising,
structuring, drafting, reviewing, administering or syndicating the Loan Documents), enforcement, performance, or administration (including any restructuring or workout with respect hereto) of this Agreement, any of the other Loan Documents or any
Existing Loan Document, or the transactions contemplated hereby or thereby or the monitoring of Parent’s and its Subsidiaries’ compliance with the terms of the Loan Documents (provided, that the indemnification in this clause
(a) shall not extend to (i) disputes solely between or among the Lenders, (ii) disputes solely between or among the Lenders and their respective Affiliates; it being understood and agreed that the indemnification in this clause
(a) shall extend to Agent (but not the Lenders) relative to disputes between or among Agent on the one hand, and one or more Lenders, or one or more of their Affiliates, on the other hand, or (iii) any Taxes or any costs attributable to
Taxes, which shall be governed by Section 16), (b) with respect to any investigation, litigation, or proceeding related to this Agreement, any other Loan Document or any Existing Loan Document, or the use of the proceeds of the
credit provided hereunder or under the Existing Loan Agreement (irrespective of whether any Indemnified Person is a party thereto), or any act, omission, event, or circumstance in any manner related thereto, and (c) in connection with or
arising out of any presence or release of Hazardous Materials at, on, under, to or from any assets or properties owned, leased or operated by Parent or any of its Subsidiaries or any Environmental Actions, Environmental Liabilities or Remedial
Actions related in any way to any such assets or properties of Parent or any of its Subsidiaries (each and all of the foregoing, the “Indemnified Liabilities”). The foregoing to the contrary notwithstanding, Borrowers shall have no
obligation to any Indemnified Person under this Section 10.3 with respect to any Indemnified Liability that a court of competent jurisdiction finally determines to have resulted from the gross negligence or willful misconduct of such
Indemnified Person or its officers, directors, employees, attorneys, or agents. This provision shall survive the termination of this Agreement and the repayment in full of the Obligations. If any Indemnified Person makes any payment to any other
Indemnified Person with respect to an Indemnified Liability as to which Borrowers were required to indemnify the Indemnified Person receiving such payment, the Indemnified Person making such payment is entitled to be indemnified and reimbursed by
Borrowers with respect thereto. WITHOUT LIMITATION, 

  
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THE FOREGOING INDEMNITY SHALL APPLY TO EACH INDEMNIFIED PERSON WITH RESPECT TO INDEMNIFIED LIABILITIES WHICH IN WHOLE OR IN PART ARE CAUSED BY OR ARISE OUT OF ANY NEGLIGENT ACT OR OMISSION OF
SUCH INDEMNIFIED PERSON OR OF ANY OTHER PERSON. 
 11. NOTICES. 

Unless otherwise provided in this Agreement, all notices or demands relating to this Agreement or any other Loan Document shall be in
writing and (except for financial statements and other informational documents which may be sent by first-class mail, postage prepaid) shall be personally delivered or sent by registered or certified mail (postage prepaid, return receipt requested),
overnight courier, electronic mail (at such email addresses as a party may designate in accordance herewith), or telefacsimile. In the case of notices or demands to any Borrower or Agent, as the case may be, they shall be sent to the respective
address set forth below: 
  

			
	If to any Borrower:	  	 SCHOOL SPECIALTY, INC.

W6316 Design Drive
 Greenville, WI
54942
 Attn: Chief Financial Officer

Fax No. 920-882-5863

		
	with copies to:	  	 PAUL, WEISS, RIFKIND, WHARTON &
 GARRISON LLP
 1285 Avenue of the Americas

New York, New York 10019-6064
 Attn: Jeffrey D.
Saferstein, Esq., Alan W. Kornberg,
 Esq. and Elizabeth R. McColm, Esq.
 Fax No. (212) 757-3990

		
	and:	  	 GODFREY KAHN S.C.
 780
North Water Street
 Milwaukee, Wisconsin 53202-3590
 Attn: Dennis Connolly, Esq.
 Fax No. (414) 273-5198

		
	If to Agent:	  	 WELLS FARGO CAPITAL FINANCE, LLC 
 150 South Wacker Drive, Suite 2200
 Chicago, Illinois 60603

Attn: Account Manager – School Specialty

Fax No. (312) 332-0429

		
	with copies to:	  	 GOLDBERG KOHN LTD. 
 55
East Monroe Street, Suite 3300
 Chicago, Illinois 60606
 Attn: Randall L. Klein & Jeremy M. Downs
 Fax No. (312) 332-2196

  
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	If to GECC:	  	 GENERAL ELECTRIC CAPITAL

CORPORATION
 500 West Monroe

Chicago, Illinois 60661
 Attn: Portfolio Manager
– School Specialty
 Fax No. (203) 956-4783

		
	with copies to:	  	 WINSTON & STRAWN LLP 

35 Wacker Drive
 Chicago, Illinois
60601
 Attn: Kevin M. Ryan, Esq. and

Brian I. Swett, Esq.
 Fax No. (312)
558-5700

 Any party hereto may change the address at which they are to receive notices hereunder, by notice
in writing in the foregoing manner given to the other party. All notices or demands sent in accordance with this Section 11, shall be deemed received on the earlier of the date of actual receipt or 3 Business Days after the deposit
thereof in the mail; provided, that (a) notices sent by overnight courier service shall be deemed to have been given when received, (b) notices by facsimile shall be deemed to have been given when sent (except that, if not given
during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient) and (c) notices by electronic mail 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 email or other written acknowledgment). 
 12. CHOICE OF LAW AND VENUE; JURY TRIAL WAIVER; JUDICIAL REFERENCE PROVISION. 
 (a) THE VALIDITY OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (UNLESS EXPRESSLY PROVIDED TO THE CONTRARY IN ANOTHER LOAN DOCUMENT IN RESPECT OF SUCH OTHER LOAN DOCUMENT), THE CONSTRUCTION,
INTERPRETATION, AND ENFORCEMENT HEREOF AND THEREOF, THE RIGHTS OF THE PARTIES HERETO AND THERETO WITH RESPECT TO ALL MATTERS ARISING HEREUNDER OR THEREUNDER OR RELATED HERETO OR THERETO, AND ANY CLAIMS, CONTROVERSIES OR DISPUTES ARISING HEREUNDER OR
THEREUNDER OR RELATED HERETO OR THERETO SHALL BE DETERMINED UNDER, GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK AND, TO THE EXTENT APPLICABLE, THE BANKRUPTCY CODE. 

(b) IF THE BANKRUPTCY COURT ABSTAINS FROM HEARING OR REFUSES TO EXERCISE JURISDICTION OVER ANY OF THE FOLLOWING, THE PARTIES
AGREE THAT ALL ACTIONS OR PROCEEDINGS ARISING IN CONNECTION WITH THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS SHALL BE TRIED AND LITIGATED ONLY IN THE STATE AND, TO THE EXTENT 

  
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PERMITTED BY APPLICABLE LAW, FEDERAL COURTS LOCATED IN THE COUNTY OF NEW YORK, STATE OF NEW YORK; PROVIDED, THAT ANY SUIT SEEKING ENFORCEMENT AGAINST ANY COLLATERAL OR OTHER PROPERTY
MAY BE BROUGHT, AT AGENT’S OPTION, IN THE COURTS OF ANY JURISDICTION WHERE AGENT ELECTS TO BRING SUCH ACTION OR WHERE SUCH COLLATERAL OR OTHER PROPERTY MAY BE FOUND. EACH BORROWER AND EACH MEMBER OF THE LENDER GROUP WAIVE, TO THE EXTENT
PERMITTED UNDER APPLICABLE LAW, ANY RIGHT EACH MAY HAVE TO ASSERT THE DOCTRINE OF FORUM NON CONVENIENS OR TO OBJECT TO VENUE TO THE EXTENT ANY PROCEEDING IS BROUGHT IN ACCORDANCE WITH THIS SECTION 12(b). 

(c) TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, EACH BORROWER AND EACH MEMBER OF THE LENDER GROUP HEREBY WAIVE THEIR RESPECTIVE
RIGHTS, IF ANY, TO A JURY TRIAL OF ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE OF ACTION DIRECTLY OR INDIRECTLY BASED UPON OR ARISING OUT OF ANY OF THE LOAN DOCUMENTS OR ANY OF THE TRANSACTIONS CONTEMPLATED THEREIN, INCLUDING CONTRACT CLAIMS, TORT
CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS (EACH A “CLAIM”). EACH BORROWER AND EACH MEMBER OF THE LENDER GROUP REPRESENT THAT EACH HAS REVIEWED THIS WAIVER AND EACH KNOWINGLY AND VOLUNTARILY WAIVES
ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 

(d) EACH BORROWER HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE STATE AND FEDERAL COURTS LOCATED
IN THE COUNTY OF NEW YORK AND THE STATE OF NEW YORK, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH
ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT AGENT MAY OTHERWISE
HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 
 (e) NO CLAIM MAY BE MADE BY ANY LOAN PARTY AGAINST THE AGENT, THE SWING LENDER, ANY OTHER LENDER, ISSUING LENDER, OR THE UNDERLYING ISSUER, OR ANY AFFILIATE, DIRECTOR, OFFICER, EMPLOYEE,
COUNSEL, REPRESENTATIVE, AGENT, OR ATTORNEY-IN-FACT OF 

  
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ANY OF THEM FOR ANY SPECIAL, INDIRECT, CONSEQUENTIAL, OR PUNITIVE DAMAGES IN RESPECT OF ANY CLAIM FOR BREACH OF CONTRACT OR ANY OTHER THEORY OF LIABILITY ARISING OUT OF OR RELATED TO THE
TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR ANY ACT, OMISSION, OR EVENT OCCURRING IN CONNECTION THEREWITH, AND EACH LOAN PARTY HEREBY WAIVES, RELEASES, AND AGREES NOT TO SUE UPON ANY CLAIM FOR SUCH DAMAGES, WHETHER OR
NOT ACCRUED AND WHETHER OR NOT KNOWN OR SUSPECTED TO EXIST IN ITS FAVOR. 
 13. ASSIGNMENTS AND PARTICIPATIONS; SUCCESSORS.

 13.1. Assignments and Participations. 
 (a) (i) Subject to the conditions set forth in clause (a)(ii) below, any Lender may assign and delegate all or any portion of its rights and duties under the Loan Documents (including the Obligations owed
to it and its Commitments) to one or more assignees so long as such prospective assignee is an Eligible Transferee (each, an “Assignee”), with the prior written consent (such consent not be unreasonably withheld or delayed, and such
consent not to be required in connection with the exercise of any purchase right under Section 10 of the Split Lien Intercreditor Agreement) of: 
 (A) Administrative Borrower (not to be unreasonably withheld or delayed); provided, that no consent of Administrative Borrower shall be required (1) if an Event of Default has occurred and is
continuing, or (2) in connection with an assignment to a Person that is a Lender or an Affiliate (other than natural persons) of a Lender or a Related Fund; provided further, that Administrative Borrower shall be deemed to have
consented to a proposed assignment unless it objects thereto by written notice to Agent within 5 Business Days after having received notice thereof; and 
 (B) Agent, Swing Lender, and Issuing Lender; provided, that no consent of Agent, Swing Lender or Issuing Lender shall be required in connection with an assignment to a Person that is a Lender or an
Affiliate (other than natural persons) of a Lender or a Related Fund. 
 (ii) Assignments shall be subject to the following
additional conditions: 
 (A) no assignment may be made to a natural person, 

(B) no assignment may be made to a Loan Party or an Affiliate of a Loan Party, 

(C) the amount of the Commitments and the other rights and obligations of the assigning Lender hereunder and under the other Loan
Documents subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is delivered to Agent) shall be in a minimum amount (unless waived by Agent) of $5,000,000 (except such minimum amount
shall not apply to (I) an assignment or delegation 

  
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by any Lender to any other Lender, an Affiliate of any Lender, or a Related Fund of such Lender or (II) a group of new Lenders, each of which is an Affiliate of each other or a Related Fund
of such new Lender to the extent that the aggregate amount to be assigned to all such new Lenders is at least $5,000,000); 

(D) 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; 
 (E) the parties to each assignment shall execute and deliver to Agent an Assignment and
Acceptance; provided, that Borrowers and Agents may continue to deal solely and directly with the assigning Lender in connection with the interest so assigned to an Assignee until written notice of such assignment, together with payment
instructions, addresses, and related information with respect to the Assignee, have been given to Administrative Borrower and Agent by such Lender and the Assignee. 
 (F) unless waived by Agent, the assigning Lender or Assignee has paid to Agent, for Agent’s separate account, a processing fee in the amount of $3,500 (for the avoidance of doubt, neither the
assigning Lender nor Assignee may seek reimbursement of such fee from a Credit Party); provided, that, with respect to any assignment pursuant to Section 14.2, such fee, if applicable, shall not be paid by assigning Lender; and 

(G) the assignee, if it is not a Lender, shall deliver to Agent an Administrative Questionnaire in a form approved by Agent (the
“Administrative Questionnaire”). 
 (b) From and after the date that Agent receives the executed Assignment and
Acceptance and, if applicable, payment of the required processing fee, (i) the Assignee thereunder shall be a party hereto and, to the extent that rights and obligations hereunder have been assigned to it pursuant to such Assignment and
Acceptance, shall be a “Lender” and shall have the rights and obligations of a Lender under the Loan Documents, and (ii) the assigning Lender shall, to the extent that rights and obligations hereunder and under the other Loan
Documents have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights (except with respect to Section 10.3) and be released from any future obligations under this Agreement (and in the case of an Assignment
and Acceptance covering all or the remaining portion of an assigning Lender’s rights and obligations under this Agreement and the other Loan Documents, such Lender shall cease to be a party hereto and thereto); provided, that nothing
contained herein shall release any assigning Lender from obligations that survive the termination of this Agreement, including such assigning Lender’s obligations under Section 15 and Section 17.9(a). 

(c) By executing and delivering an Assignment and Acceptance, the assigning Lender thereunder and the Assignee thereunder confirm to and
agree with each other and the other parties hereto as follows: (i) other than as provided in such Assignment and Acceptance, such assigning Lender makes no representation or warranty and assumes no responsibility with respect to any statements,
warranties or representations made in or in connection with this Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other Loan Document furnished pursuant hereto, (ii) such
assigning 

  
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Lender makes no representation or warranty and assumes no responsibility with respect to the financial condition of any Loan Party or the performance or observance by any Loan Party of any of its
obligations under this Agreement or any other Loan Document furnished pursuant hereto, (iii) such Assignee confirms that it has received a copy of this Agreement, together with such other documents and information as it has deemed appropriate
to make its own credit analysis and decision to enter into such Assignment and Acceptance, (iv) such Assignee will, independently and without reliance upon Agent, such assigning Lender or any other Lender, and based on such documents and
information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement, (v) such Assignee appoints and authorizes Agent to take such actions and to exercise such
powers under this Agreement and the other Loan Documents as are delegated to Agent, by the terms hereof and thereof, together with such powers as are reasonably incidental thereto, and (vi) such Assignee agrees that it will perform all of the
obligations which by the terms of this Agreement are required to be performed by it as a Lender. 
 (d) Immediately upon
Agent’s receipt of the required processing fee, if applicable, and delivery of notice to the assigning Lender pursuant to Section 13.1(b), this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary
to reflect the addition of the Assignee and the resulting adjustment of the Commitments arising therefrom. The Commitment allocated to each Assignee shall reduce such Commitments of the assigning Lender pro tanto. 

(e) Any Lender may at any time sell to one or more commercial banks, financial institutions, or other Persons (a
“Participant”) participating interests in all or any portion of its Obligations, its Commitment, and the other rights and interests of that Lender (the “Originating Lender”) hereunder and under the other Loan
Documents; provided, that (i) the Originating Lender shall remain a “Lender” for all purposes of this Agreement and the other Loan Documents and the Participant receiving the participating interest in the Obligations, the
Commitments, and the other rights and interests of the Originating Lender hereunder shall not constitute a “Lender” hereunder or under the other Loan Documents and the Originating Lender’s obligations under this Agreement shall remain
unchanged, (ii) the Originating Lender shall remain solely responsible for the performance of such obligations, (iii) Borrowers, Agent, and the Lenders shall continue to deal solely and directly with the Originating Lender in connection
with the Originating Lender’s rights and obligations under this Agreement and the other Loan Documents, (iv) no Lender shall transfer or grant any participating interest under which the Participant has the right to approve any amendment
to, or any consent or waiver with respect to, this Agreement or any other Loan Document, except to the extent such amendment to, or consent or waiver with respect to this Agreement or of any other Loan Document would (A) extend the final
maturity date of the Obligations hereunder in which such Participant is participating, (B) reduce the interest rate applicable to the Obligations hereunder in which such Participant is participating, (C) release all or substantially all of
the Collateral or guaranties (except to the extent expressly provided herein or in any of the Loan Documents) supporting the Obligations hereunder in which such Participant is participating, (D) postpone the payment of, or reduce the amount of,
the interest or fees payable to such Participant through such Lender (other than a waiver of default interest), or (E) decreases the amount or postpones the due dates of scheduled principal repayments or prepayments or premiums payable to such
Participant through such Lender, (v) no participation shall be sold to a natural person, (vi) no participation shall be sold to 

  
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a Loan Party or an Affiliate of a Loan Party, and (vii) all amounts payable by Borrowers hereunder shall be determined as if such Lender had not sold such participation, except that, if
amounts outstanding under this Agreement are due and unpaid, or shall have been declared or shall have become due and payable upon the occurrence of an Event of Default, each Participant shall be deemed to have the right of set off in respect of its
participating interest in amounts owing under this Agreement to the same extent as if the amount of its participating interest were owing directly to it as a Lender under this Agreement. The rights of any Participant only shall be derivative through
the Originating Lender with whom such Participant participates and no Participant shall have any rights under this Agreement or the other Loan Documents or any direct rights as to the other Lenders, Agent, Borrowers, the Collateral, or otherwise in
respect of the Obligations. No Participant shall have the right to participate directly in the making of decisions by the Lenders among themselves. 
 (f) In connection with any such assignment or participation or proposed assignment or participation or any grant of a security interest in, or pledge of, its rights under and interest in this Agreement, a
Lender may, subject to the provisions of Section 17.9, disclose all documents and information which it now or hereafter may have relating to Parent and its Subsidiaries and their respective businesses. 

(g) Any other provision in this Agreement notwithstanding, any Lender may at any time create a security interest in, or pledge, all or
any portion of its rights under and interest in this Agreement in favor of any Federal Reserve Bank in accordance with Regulation A of the Federal Reserve Bank or U.S. Treasury Regulation 31 CFR §203.24, and such Federal Reserve Bank may
enforce such pledge or security interest in any manner permitted under applicable law. 
 (h) Agent (as a non-fiduciary agent on
behalf of Borrowers) shall maintain, or cause to be maintained, a register (the “Register”) on which it enters the name and address of each Lender as the registered owner of the Revolver Commitments (and the principal amount thereof
and stated interest thereon) held by such Lender (each, a “Registered Loan”). Other than in connection with an assignment by a Lender of all or any portion of its portion of the Revolver Commitments to an Affiliate of such Lender or
a Related Fund of such Lender (i) a Registered Loan (and the registered note, if any, evidencing the same) may be assigned or sold in whole or in part only by registration of such assignment or sale on the Register (and each registered note
shall expressly so provide) and (ii) any assignment or sale of all or part of such Registered Loan (and the registered note, if any, evidencing the same) may be effected only by registration of such assignment or sale on the Register, together
with the surrender of the registered note, if any, evidencing the same duly endorsed by (or accompanied by a written instrument of assignment or sale duly executed by) the holder of such registered note, whereupon, at the request of the designated
assignee(s) or transferee(s), one or more new registered notes in the same aggregate principal amount shall be issued to the designated assignee(s) or transferee(s). Prior to the registration of assignment or sale of any Registered Loan (and the
registered note, if any evidencing the same), Borrowers shall treat the Person in whose name such Registered Loan (and the registered note, if any, evidencing the same) is registered as the owner thereof for the purpose of receiving all payments
thereon and for all other purposes, notwithstanding notice to the contrary. In the case of any assignment by a Lender of all or any portion of its Revolver Commitments to an Affiliate of such Lender or a Related Fund of such Lender, and which
assignment is not recorded in the Register, the assigning Lender, on behalf of Borrowers, shall maintain a register comparable to the Register. 

  
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 (i) In the event that a Lender sells participations in the Registered Loan, such Lender, as
a non-fiduciary agent on behalf of Borrowers, shall maintain (or cause to be maintained) a register on which it enters the name of all participants in the Registered Loans held by it (and the principal amount (and stated interest thereon) of the
portion of such Registered Loans that is subject to such participations) (the “Participant Register”). A Registered Loan (and the Registered Note, if any, evidencing the same) may be participated in whole or in part only by
registration of such participation on the Participant Register (and each registered note shall expressly so provide). Any participation of such Registered Loan (and the registered note, if any, evidencing the same) may be effected only by the
registration of such participation on the Participant Register. 
 (j) Agent shall make a copy of the Register (and each Lender
shall make a copy of its Participant Register in the extent it has one) available for review by Borrowers from time to time as Borrowers may reasonably request. 
 13.2. Successors. This Agreement shall bind and inure to the benefit of the respective successors and assigns of each of the parties; provided, that no Borrower may assign this
Agreement or any rights or duties hereunder without the Lenders’ prior written consent and any prohibited assignment shall be absolutely void ab initio. No consent to assignment by the Lenders shall release any Borrower from its
Obligations. A Lender may assign this Agreement and the other Loan Documents and its rights and duties hereunder and thereunder pursuant to Section 13.1 and, except as expressly required pursuant to Section 13.1, no consent
or approval by any Loan Party is required in connection with any such assignment. 
 14. AMENDMENTS; WAIVERS. 

14.1. Amendments and Waivers. 
 (a) No amendment, waiver or other modification of any provision of this Agreement or any other Loan Document (other than Bank Product Agreements or the Fee Letter), and no consent with respect to any
departure by Borrowers therefrom, shall be effective unless the same shall be in writing and signed by the Required Lenders (or by Agent at the written request of the Required Lenders) and the Loan Parties that are party thereto and then any such
waiver or consent shall be effective, but only in the specific instance and for the specific purpose for which given; provided, that: 
 (i) no such waiver, amendment, or consent shall, unless in writing and signed by all of the Lenders directly affected thereby and all of the Loan Parties that are party thereto, do any of the following:

 (A) increase the amount of or extend the expiration date of any Commitment of any Lender or amend, modify, or eliminate the
last sentence of Section 2.4(c), 

  
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 (B) postpone or delay any date fixed by this Agreement or any other Loan Document for any
payment of principal, interest, fees, or other amounts due hereunder or under any other Loan Document, and 
 (C) reduce the
principal of, or the rate of interest on, any loan or other extension of credit hereunder, or reduce any fees or other amounts payable hereunder or under any other Loan Document (except in connection with the waiver of applicability of
Section 2.6(c) (which waiver shall be effective with the written consent of the Required Lenders), 
 (ii) no such
waiver, amendment, or consent shall, unless in writing and signed by all of the Lenders and all of the Loan Parties that are party thereto, do any of the following: 
 (A) amend, modify, or eliminate this Section or any provision of this Agreement providing for consent or other action by all Lenders, 

(B) amend, modify, or eliminate Section 3.1 or 3.2, 

(C) amend, modify, or eliminate Section 15.11, 
 (D) other than as permitted by Section 15.11, release Agent’s Lien in and to any of the Collateral, 
 (E) amend, modify, or eliminate the definitions of “Required Lenders” or “Pro Rata Share”, 
 (F) contractually subordinate any of Agent’s Liens, 
 (G) other than in
connection with a merger, liquidation, dissolution or sale of such Person expressly permitted by the terms hereof or the other Loan Documents, release any Borrower or any Guarantor from any obligation for the payment of money or consent to the
assignment or transfer by any Borrower or any Guarantor of any of its rights or duties under this Agreement or the other Loan Documents, 
 (H) amend, modify, or eliminate any of the provisions of Section 2.4(b)(i) or (ii), 
 (I) amend, modify, or eliminate items 4, 5 or 6 set forth on Schedule 5.16, or 
 (J) amend, modify, or eliminate any of the provisions of Section 13.1 with respect to assignments to, or participations with, Persons who are Loan Parties or Affiliates of Loan Parties,

 (K) amend, modify, or eliminate the definition of “Budget,” 

(L) amend, modify, or eliminate the definition of Availability Reserve, 

  
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 (M) amend, modify, supplement, alter or eliminate any of the provisions of
Section 5.16 or Schedule 5.16 or waive any default or Event of Default in connection with Section 5.16, 
 (N) amend, modify, supplement, alter or eliminate any of the provisions of Section 6.15 or waive any default or Event of Default in connection with Section 6.15, or 

(O) amend, modify, supplement, alter or eliminate Section 8.6(a) or waive any default or Event of Default in connection with
Section 8.6(a) that arises on account of the occurrence of a Split Lien Termination Date. 
 (b) No amendment,
waiver, modification, or consent shall amend, modify, waive, or eliminate, 
 (i) the definition of, or any of the terms or
provisions of, the Fee Letter, without the written consent of Agent and Borrowers (and shall not require the written consent of any of the Lenders), 
 (ii) any provision of Section 15 pertaining to Agent, or any other rights or duties of Agent under this Agreement or the other Loan Documents, without the written consent of Agent, Borrowers,
and the Required Lenders, or 
 (iii) any provision of Section 15 pertaining to Co-Collateral Agents, or any other
rights or duties of Co-Collateral Agents under this Agreement or the other Loan Documents, without the written consent of each Co-Collateral Agent, Borrowers, and the Required Lenders, 

(c) No amendment, waiver, modification, elimination, or consent shall, without written consent of Borrowers and each Lender
(i) modify, or eliminate the definition of Borrowing Base or any of the defined terms (including the definitions of Eligible Accounts, and Eligible Inventory) that are used in such definition to the extent that any such change results in more
credit being made available to Borrowers based upon the Borrowing Base, but not otherwise, or the definition of Maximum Revolver Amount or (ii) amend, modify or waive Section 2.1(c), 

(d) No amendment, waiver, modification, elimination, or consent shall amend, modify, or waive any provision of this Agreement or the
other Loan Documents pertaining to Issuing Lender, or any other rights or duties of Issuing Lender or Underlying Issuer under this Agreement or the other Loan Documents, without the written consent of Issuing Lender, Agent, Borrowers, and the
Required Lenders, 
 (e) No amendment, waiver, modification, elimination, or consent shall amend, modify, or waive any provision
of this Agreement or the other Loan Documents pertaining to Swing Lender, or any other rights or duties of Swing Lender under this Agreement or the other Loan Documents, without the written consent of Swing Lender, Agent, Borrowers, and the Required
Lenders, 

  
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 (f) Anything in this Section 14.1 to the contrary notwithstanding, (i) any
amendment, modification, elimination, waiver, consent, termination, or release of, or with respect to, any provision of this Agreement or any other Loan Document that relates only to the relationship of the Lender Group among themselves, and that
does not affect the rights or obligations of any Borrower, shall not require consent by or the agreement of any Loan Party, and (ii) any amendment, waiver, modification, elimination, or consent of or with respect to any provision of this
Agreement or any other Loan Document may be entered into without the consent of, or over the objection of, any Defaulting Lender other than any of the matters governed by Section 14.1(a)(i) that affect such Lender. 

14.2. Replacement of Certain Lenders. 
 (a) If (i) any action to be taken by the Lender Group or Agent hereunder requires the consent, authorization, or agreement of all Lenders or all Lenders affected thereby and if such action has
received the consent, authorization, or agreement of the Required Lenders but not of all Lenders or all Lenders affected thereby, or (ii) any Lender makes a claim for compensation under Section 16, then Borrowers or Agent, upon at
least 5 Business Days prior irrevocable notice, may permanently replace any Lender that failed to give its consent, authorization, or agreement (a “Non-Consenting Lender”) or any Lender that made a claim for compensation (a
“Tax Lender”) with one or more Replacement Lenders, and the Non-Consenting Lender or Tax Lender, as applicable, shall have no right to refuse to be replaced hereunder. Such notice to replace the Non-Consenting Lender or Tax Lender,
as applicable, shall specify an effective date for such replacement, which date shall not be later than 15 Business Days after the date such notice is given. 
 (b) Prior to the effective date of such replacement, the Non-Consenting Lender or Tax Lender, as applicable, and each Replacement Lender shall execute and deliver an Assignment and Acceptance, subject
only to the Non-Consenting Lender or Tax Lender, as applicable, being repaid in full its share of the outstanding Obligations (without any premium or penalty of any kind whatsoever, but including (i) all interest, fees and other amounts that
may be due in payable in respect thereof, and (ii) an assumption of its Pro Rata Share of participations in the Letters of Credit). If the Non-Consenting Lender or Tax Lender, as applicable, shall refuse or fail to execute and deliver any such
Assignment and Acceptance prior to the effective date of such replacement, Agent may, but shall not be required to, execute and deliver such Assignment and Acceptance in the name or and on behalf of the Non-Consenting Lender or Tax Lender, as
applicable, and irrespective of whether Agent executes and delivers such Assignment and Acceptance, the Non-Consenting Lender or Tax Lender, as applicable, shall be deemed to have executed and delivered such Assignment and Acceptance. The
replacement of any Non-Consenting Lender or Tax Lender, as applicable, shall be made in accordance with the terms of Section 13.1. Until such time as one or more Replacement Lenders shall have acquired all of the Obligations, the
Commitments, and the other rights and obligations of the Non-Consenting Lender or Tax Lender, as applicable, hereunder and under the other Loan Documents, the Non-Consenting Lender or Tax Lender, as applicable, shall remain obligated to make the
Non-Consenting Lender’s or Tax Lender’s, as applicable, Pro Rata Share of Revolving Loans and to purchase a participation in each Letter of Credit, in an amount equal to its Pro Rata Share of participations in such Letters of Credit.

  
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 14.3. No Waivers; Cumulative Remedies. No failure by Agent, any Co-Collateral
Agent or any Lender to exercise any right, remedy, or option under this Agreement or any other Loan Document, or delay by Agent or any Lender in exercising the same, will operate as a waiver thereof. No waiver by Agent or any Lender will be
effective unless it is in writing, and then only to the extent specifically stated. No waiver by Agent or any Lender on any occasion shall affect or diminish Agent’s and each Lender’s rights thereafter to require strict performance by
Borrowers of any provision of this Agreement. Agent’s, each Co-Collateral Agent’s and each Lender’s rights under this Agreement and the other Loan Documents will be cumulative and not exclusive of any other right or remedy that Agent,
any Co-Collateral Agent or any Lender may have. 
 15. AGENT; THE LENDER GROUP. 
 15.1. Appointment and Authorization of Agent. 
 (a) Each Lender
hereby designates and appoints WFCF as its agent and each of WFCF and GECC as its co-collateral agents under this Agreement and the other Loan Documents and each Lender hereby irrevocably authorizes (and by entering into a Bank Product Agreement,
each Bank Product Provider shall be deemed to designate, appoint, and authorize) Agent and each Co-Collateral Agent to execute and deliver each of the other Loan Documents on its behalf and to take such other action on its behalf under the
provisions of this Agreement and each other Loan Document and to exercise such powers and perform such duties as are expressly delegated to Agent and each Co-Collateral Agent by the terms of this Agreement or any other Loan Document, together with
such powers as are reasonably incidental thereto. Agent agrees to act as agent for and on behalf of the Lenders (and the Bank Product Providers) and each Co-Collateral Agent agrees to act as a co-collateral agent for and on behalf of the Lenders
(and the Bank Product Providers) on the conditions contained in this Section 15. Any provision to the contrary contained elsewhere in this Agreement or in any other Loan Document notwithstanding, neither Agent nor any Co-Collateral Agent
shall have any duties or responsibilities, except those expressly set forth herein or in the other Loan Documents, nor shall Agent nor any Co-Collateral Agent have or be deemed to have any fiduciary relationship with any Lender (or Bank Product
Provider), and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against Agent or any Co-Collateral Agent, as the case may be.
Without limiting the generality of the foregoing, the use of the term “agent” and “co-collateral agent” in this Agreement or the other Loan Documents with reference to Agent or any Co-Collateral Agent, as the case may be, is not
intended to connote any fiduciary or other implied (or express) obligations arising under 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 a
representative relationship between independent contracting parties. Each Lender hereby further authorizes (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to authorize) Agent to act as the secured party
under each of the Loan Documents that create a Lien on any item of Collateral. Except as expressly otherwise provided in this Agreement, Agent shall have and may use its sole discretion with respect to exercising or refraining from exercising any
discretionary rights or taking or refraining from taking any actions that Agent expressly is entitled to take or assert under or pursuant to this Agreement and the other Loan Documents. Except as expressly otherwise provided in this Agreement, each
Co-Collateral Agent shall have and may use its sole 

  
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discretion with respect to exercising or refraining from exercising any discretionary rights or taking or refraining from taking any actions that Co-Collateral Agent expressly is entitled to take
or assert under or pursuant to this Agreement and the other Loan Documents. Without limiting the generality of the foregoing, or of any other provision of the Loan Documents that provides rights or powers to Agent or any Co-Collateral Agent, as the
case may be, Lenders agree that Agent shall have the right to exercise the following powers as long as this Agreement remains in effect: (a) maintain, in accordance with its customary business practices, ledgers and records reflecting the
status of the Obligations, the Collateral, payments and proceeds of Collateral, and related matters, (b) execute or file any and all financing or similar statements or notices, amendments, renewals, supplements, documents, instruments, proofs
of claim, notices and other written agreements with respect to the Loan Documents, (c) make Revolving Loans, for itself or on behalf of Lenders, as provided in the Loan Documents, (d) exclusively receive, apply, and distribute the
Collections of the Loan Parties as provided in the Loan Documents, (e) open and maintain such bank accounts and cash management arrangements as Agent deems necessary and appropriate in accordance with the Loan Documents for the foregoing
purposes, (f) perform, exercise, and enforce any and all other rights and remedies of the Lender Group with respect to Borrowers or their Subsidiaries, the Obligations, the Collateral, the Collections of the Loan Parties, or otherwise related
to any of same as provided in the Loan Documents, and (g) incur and pay such Lender Group Expenses as Agent may deem necessary or appropriate for the performance and fulfillment of its functions and powers pursuant to the Loan Documents.

 (b) With respect to any action or determination to be taken or made by the Co-Collateral Agents hereunder or under any of the
other Loan Documents, Co-Collateral Agents hereby agree to seek, in good faith, to reach a consensus decision for such action or determination. If Co-Collateral Agents are unable to agree on the action to be taken or the determination to be made,
the determination or action shall be made by the Co-Collateral Agent either asserting the more conservative credit judgment (that is, that would result in the least amount of credit being available to the Borrowers and their Subsidiaries under this
Agreement) or declining to permit the requested action for which consent is being sought by the Borrowers, as applicable. 

15.2. Delegation of Duties. Agent and each Co-Collateral Agent may execute any of its duties under this Agreement or any
other Loan Document by or through agents, employees or attorneys in fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. Neither Agent nor any Co-Collateral Agent shall be responsible for the negligence
or misconduct of any agent or attorney in fact that it selects as long as such selection was made without gross negligence or willful misconduct. 
 15.3. Liability of Agent. None of the Agent-Related Persons shall (a) be liable for any action taken or omitted to be taken by any of them under or in connection with this Agreement or
any other Loan Document or the transactions contemplated hereby (except for its own gross negligence or willful misconduct), or (b) be responsible in any manner to any of the Lenders (or Bank Product Providers) for any recital, statement,
representation or warranty made by Parent or any of its Subsidiaries or Affiliates, or any officer or director thereof, contained in this Agreement or in any other Loan Document, or in any certificate, report, statement or other document referred to
or provided for in, or received by Agent or any Co-Collateral Agent under or in connection with, this Agreement or any other Loan Document, or the validity, 

  
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effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document, or for any failure of Parent or its Subsidiaries or any other party to any Loan Document to
perform its obligations hereunder or thereunder. No Agent-Related Person shall be under any obligation to any Lenders (or Bank Product Providers) to ascertain or to inquire as to the observance or performance of any of the agreements contained in,
or conditions of, this Agreement or any other Loan Document, or to inspect the books and records or properties of Parent or its Subsidiaries. 
 15.4. Reliance by Agents. Agent and each Co-Collateral Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, resolution, notice, consent, certificate,
affidavit, letter, telegram, telefacsimile or other electronic method of transmission, telex or telephone message, statement or other document or conversation believed by it to be genuine and correct and to have been signed, sent, or made by the
proper Person or Persons, and upon advice and statements of legal counsel (including counsel to Borrowers or counsel to any Lender), independent accountants and other experts selected by Agent or such Co-Collateral Agent, as applicable. Agent and
each Co-Collateral Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Loan Document unless Agent or such Co-Collateral Agent, as applicable, shall first receive such advice or concurrence of
the Lenders as it deems appropriate and until such instructions are received, Agent or such Co-Collateral Agent, as applicable, shall act, or refrain from acting, as it deems advisable. If Agent or any Co-Collateral Agent so requests, it shall first
be indemnified to its reasonable satisfaction by the Lenders (and, if it so elects, the Bank Product Providers) against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action. Agent
shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance with a request or consent of the Required Lenders and such request and any action taken or failure to act
pursuant thereto shall be binding upon all of the Lenders (and Bank Product Providers). 
 15.5. Notice of Default or
Event of Default. Neither Agent nor any Co-Collateral Agent shall be deemed to have knowledge or notice of the occurrence of any Default or Event of Default, except, in the case of Agent, with respect to defaults in the payment of principal,
interest, fees, and expenses required to be paid to Agent for the account of the Lenders and, except with respect to Events of Default of which Agent has actual knowledge, unless Agent and Co-Collateral Agents shall have received written notice from
a Lender or Administrative Borrower referring to this Agreement, describing such Default or Event of Default, and stating that such notice is a “notice of default.” Agent promptly will notify the Lenders of its receipt of any such notice
or of any Event of Default of which Agent has actual knowledge. If any Lender obtains actual knowledge of any Event of Default, such Lender promptly shall notify the other Lenders and Agents of such Event of Default. Each Lender shall be solely
responsible for giving any notices to its Participants, if any. Subject to Section 15.4, Agent shall take such action with respect to such Default or Event of Default as may be requested by the Required Lenders in accordance with
Section 9; provided, however, that unless and until Agent has received any such request, Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event
of Default as it shall deem advisable. 

  
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 15.6. Credit Decision. Each Lender (and Bank Product Provider) acknowledges
that none of the Agent-Related Persons has made any representation or warranty to it, and that no act by Agent or any Co-Collateral Agent hereinafter taken, including any review of the affairs of Parent and its Subsidiaries or Affiliates, shall be
deemed to constitute any representation or warranty by any Agent-Related Person to any Lender (or Bank Product Provider). Each Lender represents (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to represent)
to Agent that it has, independently and without reliance upon any Agent-Related Person and based on such due diligence, documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, prospects,
operations, property, financial and other condition and creditworthiness of any Borrower or any other Person party to a Loan Document, and all applicable bank regulatory laws relating to the transactions contemplated hereby, and made its own
decision to enter into this Agreement and to extend credit to Borrowers. Each Lender also represents (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to represent) that it will, independently and without
reliance upon any Agent-Related Person and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and
the other Loan Documents, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other condition and creditworthiness of any Borrower or any other Person party to a
Loan Document. Except for notices, reports, and other documents expressly herein required to be furnished to the Lenders by Agent, neither Agent nor any Co-Collateral Agent shall have any duty or responsibility to provide any Lender (or Bank Product
Provider) with any credit or other information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of any Borrower or any other Person party to a Loan Document that may come into the possession
of any of the Agent-Related Persons. Each Lender acknowledges (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that neither Agent nor any Co-Collateral Agent has any duty or responsibility,
either initially or on a continuing basis (except to the extent, if any, that is expressly specified herein) to provide such Lender (or Bank Product Provider) with any credit or other information with respect to Borrowers, their Affiliates or any of
their respective business, legal, financial or other affairs, and irrespective of whether such information came into Agent’s or any Co-Collateral Agent’s or their respective Affiliates’ or representatives’ possession before or
after the date on which such Lender became a party to this Agreement (or such Bank Product Provider entered into a Bank Product Agreement). 
 15.7. Costs and Expenses; Indemnification. Agents may incur and pay Lender Group Expenses to the extent they reasonably deem necessary or appropriate for the performance and fulfillment of
their functions, powers, and obligations pursuant to the Loan Documents, including court costs, attorneys fees and expenses, fees and expenses of financial accountants, advisors, consultants, and appraisers, costs of collection by outside collection
agencies, auctioneer fees and expenses, and costs of security guards or insurance premiums paid to maintain the Collateral, whether or not Borrowers are obligated to reimburse Agents or Lenders for such expenses pursuant to this Agreement or
otherwise. Agent is authorized and directed to deduct and retain sufficient amounts from payments or proceeds of the Collateral received by Agent to reimburse Agents for such out-of-pocket costs and expenses prior to the distribution of any amounts
to Lenders (or Bank Product Providers). In the event Agent or any Co-Collateral Agent is not reimbursed for such costs and expenses by Parent or its Subsidiaries, each Lender hereby agrees that it is and shall be obligated to pay to Agent or such
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applicable, such Lender’s ratable thereof. Whether or not the transactions contemplated hereby are consummated, each of the Lenders, on a ratable basis, shall indemnify and defend the
Agent-Related Persons (to the extent not reimbursed by or on behalf of Borrowers and without limiting the obligation of Borrowers to do so) from and against any and all Indemnified Liabilities; provided, however, that no Lender shall
be liable for the payment to any Agent-Related Person of any portion of such Indemnified Liabilities resulting solely from such Person’s gross negligence or willful misconduct nor shall any Lender be liable for the obligations of any Defaulting
Lender in failing to make a Revolving Loan or other extension of credit hereunder. Without limitation of the foregoing, each Lender shall reimburse Agent and such Co-Collateral Agent upon demand for such Lender’s ratable share of any costs or
out of pocket expenses (including attorneys, accountants, advisors, and consultants fees and expenses) incurred by Agent in connection with the preparation, execution, delivery, administration, modification, amendment, or enforcement (whether
through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement or any other Loan Document to the extent that Agent or such Co-Collateral Agent, as applicable, is not
reimbursed for such expenses by or on behalf of Borrowers. The undertaking in this Section shall survive the payment of all Obligations hereunder and the resignation or replacement of Agent. 

15.8. Agent in Individual Capacity. 
 (a) WFCF and its Affiliates may make loans to, issue letters of credit for the account of, accept deposits from, provide Bank Products to, acquire equity interests in, and generally engage in any kind of
banking, trust, financial advisory, underwriting, or other business with Parent and its Subsidiaries and Affiliates and any other Person party to any Loan Document as though WFCF were not Agent hereunder, and, in each case, without notice to or
consent of the other members of the Lender Group. The other members of the Lender Group acknowledge (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that, pursuant to such activities, WFCF or
its Affiliates may receive information regarding Parent or its Affiliates or any other Person party to any Loan Documents that is subject to confidentiality obligations in favor of Parent or such other Person and that prohibit the disclosure of such
information to the Lenders (or Bank Product Providers), and the Lenders acknowledge (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that, in such circumstances (and in the absence of a
waiver of such confidentiality obligations, which waiver Agent will use its reasonable best efforts to obtain), Agent shall not be under any obligation to provide such information to them. The terms “Lender” and “Lenders” include
WFCF in its individual capacity. 
 (b) GECC and its Affiliates may make loans to, issue letters of credit for the account of,
accept deposits from, provide Bank Products to, acquire equity interests in, and generally engage in any kind of banking, trust, financial advisory, underwriting, or other business with Parent and its Subsidiaries and Affiliates and any other Person
party to any Loan Document as though GECC were not a Co-Collateral Agent hereunder, and, in each case, without notice to or consent of the other members of the Lender Group. The other members of the Lender Group acknowledge (and by entering into a
Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that, pursuant to such activities, GECC or its Affiliates may receive information regarding Parent or its Affiliates or any other Person party to any Loan Documents
that is subject to confidentiality obligations in favor of Parent or such other 

  
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Person and that prohibit the disclosure of such information to the Lenders (or Bank Product Providers), and the Lenders acknowledge (and by entering into a Bank Product Agreement, each Bank
Product Provider shall be deemed to acknowledge) that, in such circumstances (and in the absence of a waiver of such confidentiality obligations, which waiver GECC will use its reasonable best efforts to obtain), GECC in its capacity as
Co-Collateral Agent shall not be under any obligation to provide such information to them. The terms “Lender” and “Lenders” include GECC in its individual capacity. 

15.9. Successor Agent. Agent may resign as Agent upon 30 days (10 days if an Event of Default has occurred and is
continuing) prior written notice to the Lenders (unless such notice is waived by the Required Lenders) and Administrative Borrower (unless such notice is waived by Administrative Borrower or an Event of Default exists) and without any notice to the
Bank Product Providers. If Agent resigns under this Agreement, the Required Lenders shall be entitled, with (so long as no Event of Default has occurred and is continuing) the consent of Administrative Borrower (such consent not to be unreasonably
withheld, delayed, or conditioned), appoint a successor Agent for the Lenders (and the Bank Product Providers). If, at the time that Agent’s resignation is effective, it is acting as a Co-Collateral Agent, as Issuing Lender or the Swing Lender,
such resignation shall also operate to effectuate its resignation as a Co-Collateral Agent, Issuing Lender or the Swing Lender, as applicable, and it shall automatically be relieved of any further obligation or duties as a Co-Collateral Agent, to
issue Letters of Credit, to cause the Underlying Issuer to issue Letters of Credit, or to make Swing Loans. If no successor Agent is appointed prior to the effective date of the resignation of Agent, Agent may appoint, after consulting with the
Lenders and Administrative Borrower, a successor Agent. If Agent has materially breached or failed to perform any material provision of this Agreement or of applicable law, the Required Lenders may agree in writing to remove and replace Agent with a
successor Agent from among the Lenders with (so long as no Event of Default has occurred and is continuing) the consent of Administrative Borrower (such consent not to be unreasonably withheld, delayed, or conditioned). In any such event, upon the
acceptance of its appointment as successor Agent hereunder, such successor Agent shall succeed to all the rights, powers, and duties of the retiring Agent and the term “Agent” shall mean such successor Agent and the retiring Agent’s
appointment, powers, and duties as Agent shall be terminated. After any retiring Agent’s resignation hereunder as Agent, the provisions of this Section 15 shall inure to its benefit as to any actions taken or omitted to be taken by
it while it was Agent under this Agreement. If no successor Agent has accepted appointment as Agent by the date which is 30 days following a retiring Agent’s notice of resignation, the retiring Agent’s resignation shall nevertheless
thereupon become effective and the Lenders shall perform all of the duties of Agent hereunder (other than the duties of a Co-Collateral Agent) until such time, if any, as the Lenders appoint a successor Agent as provided for above. 

15.10. Lender in Individual Capacity. Any Lender and its respective Affiliates may make loans to, issue letters of credit
for the account of, accept deposits from, provide Bank Products to, acquire Equity Interests in and generally engage in any kind of banking, trust, financial advisory, underwriting, or other business with Parent and its Subsidiaries and Affiliates
and any other Person party to any Loan Documents as though such Lender were not a Lender hereunder without notice to or consent of the other members of the Lender Group (or the Bank Product Providers). The other members of the Lender Group
acknowledge (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that, 

  
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pursuant to such activities, such Lender and its respective Affiliates may receive information regarding Parent or its Affiliates or any other Person party to any Loan Documents that is subject
to confidentiality obligations in favor of Parent or such other Person and that prohibit the disclosure of such information to the Lenders, and the Lenders acknowledge (and by entering into a Bank Product Agreement, each Bank Product Provider shall
be deemed to acknowledge) that, in such circumstances (and in the absence of a waiver of such confidentiality obligations, which waiver such Lender will use its reasonable best efforts to obtain), such Lender shall not be under any obligation to
provide such information to them. 
 15.11. Collateral Matters. 

(a) The Lenders hereby irrevocably authorize (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to
authorize) Agent to release any Lien on any Collateral (i) upon the termination of the Commitments and payment and satisfaction in full by Borrowers of all of the Obligations, (ii) constituting property being sold or disposed of if a
release is required or desirable in connection therewith and if Administrative Borrower certifies to Agent that the sale or disposition is permitted under Section 6.4 (and Agent may rely conclusively on any such certificate, without
further inquiry), (iii) constituting property in which Parent or its Subsidiaries owned no interest at the time Agent’s Lien was granted nor at any time thereafter, or (iv) constituting property leased to Parent or its Subsidiaries
under a lease that has expired or is terminated in a transaction permitted under this Agreement. The Loan Parties and the Lenders hereby irrevocably authorize (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed
to authorize) Agent, based upon the instruction of the Required Lenders, to (a) consent to, credit bid or purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral at any sale thereof conducted
under the provisions of the Bankruptcy Code, including under Section 363 of the Bankruptcy Code, (b) credit bid or purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral at any sale or
other disposition thereof conducted under the provisions of the Code, including pursuant to Sections 9-610 or 9-620 of the Code, or (c) credit bid or purchase (either directly or through one or more acquisition vehicles) all or any portion of
the Collateral at any other sale or foreclosure conducted by Agent (whether by judicial action or otherwise) in accordance with applicable law. In connection with any such credit bid or purchase, (i) the Obligations owed to the Lenders and the
Bank Product Providers shall be entitled to be, and shall be, credit bid on a ratable basis (with Obligations with respect to contingent or unliquidated claims being estimated for such purpose if the fixing or liquidation thereof would not unduly
delay the ability of Agent to credit bid or purchase at such sale or other disposition of the Collateral and, if such claims cannot be estimated without unduly delaying the ability of Agent to credit bid, then such claims shall be disregarded, not
credit bid, and not entitled to any interest in the asset or assets purchased by means of such credit bid) and the Lenders and the Bank Product Providers whose Obligations are credit bid shall be entitled to receive interests (ratably based upon the
proportion of their Obligations credit bid in relation to the aggregate amount of Obligations so credit bid) in the asset or assets so purchased (or in the Equity Interests of the acquisition vehicle or vehicles that are used to consummate such
purchase), and (ii) Agent, based upon the instruction of the Required Lenders, may accept non-cash consideration, including debt and equity securities issued by such acquisition vehicle or vehicles and in connection therewith Agent may reduce
the Obligations owed to the Lenders and the Bank Product Providers (ratably based upon the proportion of their Obligations credit bid in 

  
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relation to the aggregate amount of Obligations so credit bid) based upon the value of such non-cash consideration. Except as provided above, Agent will not execute and deliver a release of any
Lien on any Collateral without the prior written authorization of (y) if the release is of all or substantially all of the Collateral, all of the Lenders (without requiring the authorization of the Bank Product Providers), or
(z) otherwise, the Required Lenders (without requiring the authorization of the Bank Product Providers). Upon request by Agent or Administrative Borrower at any time, the Lenders will (and if so requested, the Bank Product Providers will)
confirm in writing Agent’s authority to release any such Liens on particular types or items of Collateral pursuant to this Section 15.11; provided, that (1) Agent shall not be required to execute any document necessary
to evidence such release on terms that, in Agent’s opinion, would expose Agent to liability or create any obligation or entail any consequence other than the release of such Lien without recourse, representation, or warranty, and (2) such
release shall not in any manner discharge, affect, or impair the Obligations or any Liens (other than those expressly being released) upon (or obligations of any Loan Party in respect of) all interests retained by any Loan Party, including, the
proceeds of any sale, all of which shall continue to constitute part of the Collateral. The Lenders further hereby irrevocably authorize (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to authorize) Agent,
at its option and in its sole discretion, to subordinate any Lien granted to or held by Agent under any Loan Document to the holder of any Permitted Lien on such property if such Permitted Lien secures Permitted Purchase Money Indebtedness.

 (b) Agent shall have no obligation whatsoever to any of the Lenders (or the Bank Product Providers) to assure that the
Collateral exists or is owned by Parent or its Subsidiaries or is cared for, protected, or insured or has been encumbered, or that Agent’s Liens have been properly or sufficiently or lawfully created, perfected, protected, or enforced or are
entitled to any particular priority, or that any particular items of Collateral meet the eligibility criteria applicable in respect thereof or whether to impose, maintain, reduce, or eliminate any particular reserve hereunder or whether the amount
of any such reserve is appropriate or not, or to exercise at all or in any particular manner or under any duty of care, disclosure or fidelity, or to continue exercising, any of the rights, authorities and powers granted or available to Agent
pursuant to any of the Loan Documents, it being understood and agreed that in respect of the Collateral, or any act, omission, or event related thereto, subject to the terms and conditions contained herein, Agent may act in any manner it may deem
appropriate, in its sole discretion given Agent’s own interest in the Collateral in its capacity as one of the Lenders and that Agent shall have no other duty or liability whatsoever to any Lender (or Bank Product Provider) as to any of the
foregoing, except as otherwise provided herein. 
 15.12. Restrictions on Actions by Lenders; Sharing of Payments.

 (a) Each of the Lenders agrees that it shall not, without the express written consent of Agent, and that it shall, to the
extent it is lawfully entitled to do so, upon the written request of Agent, set off against the Obligations, any amounts owing by such Lender to Parent or its Subsidiaries or any deposit accounts of Parent or its Subsidiaries now or hereafter
maintained with such Lender. Each of the Lenders further agrees that it shall not, unless specifically requested to do so in writing by Agent, take or cause to be taken any action, including, the commencement of any legal or equitable proceedings to
enforce any Loan Document against any Borrower or any Guarantor or to foreclose any Lien on, or otherwise enforce any security interest in, any of the Collateral. 

  
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 (b) If, at any time or times any Lender shall receive (i) by payment, foreclosure,
setoff, or otherwise, any proceeds of Collateral or any payments with respect to the Obligations, except for any such proceeds or payments received by such Lender from Agent pursuant to the terms of this Agreement, or (ii) payments from Agent
in excess of such Lender’s Pro Rata Share of all such distributions by Agent, such Lender promptly shall (A) turn the same over to Agent, in kind, and with such endorsements as may be required to negotiate the same to Agent, or in
immediately available funds, as applicable, for the account of all of the Lenders and for application to the Obligations in accordance with the applicable provisions of this Agreement, or (B) purchase, without recourse or warranty, an undivided
interest and participation in the Obligations owed to the other Lenders so that such excess payment received shall be applied ratably as among the Lenders in accordance with their Pro Rata Shares; provided, that to the extent that such excess
payment received by the purchasing party is thereafter recovered from it, those purchases of participations shall be rescinded in whole or in part, as applicable, and the applicable portion of the purchase price paid therefor shall be returned to
such purchasing party, but without interest except to the extent that such purchasing party is required to pay interest in connection with the recovery of the excess payment. 
 15.13. Agency for Perfection. Agent hereby appoints each other Lender (and each Bank Product Provider) as its agent (and each Lender hereby accepts (and by entering into a Bank Product
Agreement, each Bank Product Provider shall be deemed to accept) such appointment) for the purpose of perfecting Agent’s Liens in assets which, in accordance with Article 8 or Article 9, as applicable, of the Code can be perfected by possession
or control. Should any Lender obtain possession or control of any such Collateral, such Lender shall notify Agent thereof, and, promptly upon Agent’s request therefor shall deliver possession or control of such Collateral to Agent or in
accordance with Agent’s instructions. 
 15.14. Payments by Agent to the Lenders. All payments to be made by
Agent to the Lenders (or Bank Product Providers) shall be made by bank wire transfer of immediately available funds pursuant to such wire transfer instructions as each party may designate for itself by written notice to Agent. Concurrently with each
such payment, Agent shall identify whether such payment (or any portion thereof) represents principal, premium, fees, or interest of the Obligations. 
 15.15. Concerning the Collateral and Related Loan Documents. Each member of the Lender Group authorizes and directs Agent to enter into this Agreement and the other Loan Documents. Each
member of the Lender Group agrees (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to agree) that any action taken by Agent in accordance with the terms of this Agreement or the other Loan Documents relating
to the Collateral and the exercise by Agent of its powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Lenders (and such Bank Product Provider). 

  
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 15.16. Field Examination Reports; Confidentiality; Disclaimers by Lenders; Other
Reports and Information. By becoming a party to this Agreement, each Lender: 
 (a) is deemed to have requested that
Agent furnish such Lender, promptly after it becomes available, a copy of each field examination report respecting Parent or its Subsidiaries (each, a “Report”) prepared by or at the request of Agent or any Co-Collateral Agent, and
Agent shall so furnish each Lender with such Reports, 
 (b) expressly agrees and acknowledges that Agent and each Co-Collateral
Agent does not (i) make any representation or warranty as to the accuracy of any Report, and (ii) shall not be liable for any information contained in any Report, 
 (c) expressly agrees and acknowledges that the Reports are not comprehensive audits or examinations, that Agent, or Co-Collateral Agents or other party performing any field examination will inspect only
specific information regarding Parent and its Subsidiaries and will rely significantly upon Parent’s and its Subsidiaries’ books and records, as well as on representations of Borrowers’ personnel, 

(d) agrees to keep all Reports and other material, non-public information regarding Parent and its Subsidiaries and their operations,
assets, and existing and contemplated business plans in a confidential manner in accordance with Section 17.9, and 

(e) without limiting the generality of any other indemnification provision contained in this Agreement, agrees: (i) to hold Agent,
any Co-Collateral Agent and any other Lender preparing a Report harmless from any action the indemnifying Lender may take or fail to take or any conclusion the indemnifying Lender may reach or draw from any Report in connection with any loans or
other credit accommodations that the indemnifying Lender has made or may make to Borrowers, or the indemnifying Lender’s participation in, or the indemnifying Lender’s purchase of, a loan or loans of Borrowers, and (ii) to pay and
protect, and indemnify, defend and hold Agent, any Co-Collateral Agent and any such other Lender preparing a Report harmless from and against, the claims, actions, proceedings, damages, costs, expenses, and other amounts (including, attorneys’
fees and costs) incurred by Agent, any such Co-Collateral Agent and any such other Lender preparing a Report as the direct or indirect result of any third parties who might obtain all or part of any Report through the indemnifying Lender.

 (f) In addition to the foregoing, (x) any Lender may from time to time request of Agent in writing that Agent provide to
such Lender a copy of any report or document provided by Parent or its Subsidiaries to Agent that has not been contemporaneously provided by Parent or such Subsidiary to such Lender, and, upon receipt of such request, Agent promptly shall provide a
copy of same to such Lender, (y) to the extent that Agent is entitled, under any provision of the Loan Documents, to request additional reports or information from Parent or its Subsidiaries, any Lender may, from time to time, reasonably
request Agent to exercise such right as specified in such Lender’s notice to Agent, whereupon Agent promptly shall request of Administrative Borrower the additional reports or information reasonably specified by such Lender, and, upon receipt
thereof from Parent or such Subsidiary, Agent promptly shall provide a copy of same to such Lender, and (z) any time that Agent renders to Borrowers a statement regarding the Loan Account, Agent shall send a copy of such statement to each
Lender. 

  
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 15.17. Several Obligations; No Liability. Notwithstanding that certain of the
Loan Documents now or hereafter may have been or will be executed only by or in favor of Agent in its capacity as such, and not by or in favor of the Lenders, any and all obligations on the part of Agent (if any) to make any credit available
hereunder shall constitute the several (and not joint) obligations of the respective Lenders on a ratable basis, according to their respective Commitments, to make an amount of such credit not to exceed, in principal amount, at any one time
outstanding, the amount of their respective Commitments. Nothing contained herein shall confer upon any Lender any interest in, or subject any Lender to any liability for, or in respect of, the business, assets, profits, losses, or liabilities of
any other Lender. Each Lender shall be solely responsible for notifying its Participants of any matters relating to the Loan Documents to the extent any such notice may be required, and no Lender shall have any obligation, duty, or liability to any
Participant of any other Lender. Except as provided in Section 15.7, no member of the Lender Group shall have any liability for the acts of any other member of the Lender Group. No Lender shall be responsible to any Borrower or any other
Person for any failure by any other Lender (or Bank Product Provider) to fulfill its obligations to make credit available hereunder, nor to advance for such Lender (or Bank Product Provider) or on its behalf, nor to take any other action on behalf
of such Lender (or Bank Product Provider) hereunder or in connection with the financing contemplated herein. 
 15.18.
Co-Lead Arrangers, Syndication Agent and Joint Book Runners. Each of the Co-Lead Arrangers, Syndication Agent and Joint Book Runners, in such capacities, shall not have any right, power, obligation, liability, responsibility, or duty
under this Agreement other than those applicable to it in its capacity as a Lender, as Agent, as Swing Lender, or as Issuing Lender. Without limiting the foregoing, each of the Co-Lead Arrangers, Syndication Agent and Joint Book Runners, in such
capacities, shall not have or be deemed to have any fiduciary relationship with any Lender or any Loan Party. Each Lender, Agent, Swing Lender, Issuing Lender, and each Loan Party acknowledges that it has not relied, and will not rely, on the
Co-Lead Arrangers, Syndication Agent and Joint Book Runners in deciding to enter into this Agreement or in taking or not taking action hereunder. Each of the Co-Lead Arrangers, Syndication Agent and Joint Book Runners, in such capacities, shall be
entitled to resign at any time by giving notice to Agent and Borrowers. 
 16. WITHHOLDING TAXES. 

16.1. Payments. All payments made by Borrowers hereunder or under any note or other Loan Document will be made without
setoff, counterclaim, or other defense. In addition, all such payments will be made free and clear of, and without deduction or withholding for, any present or future Indemnified Taxes, and in the event any deduction or withholding of Indemnified
Taxes is required, Borrowers shall comply with the next sentence of this Section 16.1. If any Indemnified Taxes are so levied or imposed, Borrowers agree to pay the full amount of such Indemnified Taxes and such additional amounts as may
be necessary so that every payment of all amounts due under this Agreement, any note, or Loan Document, including any amount paid pursuant to this Section 16.1 after withholding or deduction for or on account of any Indemnified Taxes,
will not be less than the amount provided for herein; provided, that Borrowers shall not be required to increase any such amounts to the extent that the increase in such amount payable results from Agent’s or such Lender’s own
willful misconduct or gross negligence (as finally determined by a court of competent jurisdiction). Borrowers will furnish 

  
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to Agent as promptly as possible after the date the payment of any Indemnified Tax is due pursuant to applicable law, certified copies of tax receipts evidencing such payment by Borrowers.
Borrowers agree to pay any present or future stamp, value added or documentary taxes or any other excise or property taxes, charges, or similar levies that arise from any payment made hereunder or from the execution, delivery, performance,
recordation, or filing of, or otherwise with respect to this Agreement or any other Loan Document. 
 16.2.
Exemptions. 
 (a) If a Lender or Participant is entitled to claim an exemption or reduction from United States
withholding tax, such Lender or Participant agrees with and in favor of Agent, to deliver to Agent (or, in the case of a Participant, to the Lender granting the participation only) one of the following before receiving its first payment under this
Agreement: 
 (i) if such Lender or Participant is entitled to claim an exemption from United States withholding tax pursuant
to the portfolio interest exception, (A) a statement of the Lender or Participant, signed under penalty of perjury, that it is not a (I) a “bank” as described in Section 881(c)(3)(A) of the IRC, (II) a 10% shareholder
of any Borrower (within the meaning of Section 871(h)(3)(B) of the IRC), or (III) a controlled foreign corporation related to any Borrower within the meaning of Section 864(d)(4) of the IRC, and (B) a properly completed and
executed IRS Form W-8BEN or Form W-8IMY (with proper attachments); 
 (ii) if such Lender or Participant is entitled to claim
an exemption from, or a reduction of, withholding tax under a United States tax treaty, a properly completed and executed copy of IRS Form W-8BEN; 
 (iii) if such Lender or Participant is entitled to claim that interest paid under this Agreement is exempt from United States withholding tax because it is effectively connected with a United States trade
or business of such Lender, a properly completed and executed copy of IRS Form W-8ECI; 
 (iv) if such Lender or Participant is
entitled to claim that interest paid under this Agreement is exempt from United States withholding tax because such Lender or Participant serves as an intermediary, a properly completed and executed copy of IRS Form W-8IMY (with proper attachments);
or 
 (v) a properly completed and executed copy of any other form or forms, including IRS Form W-9, as may be required under
the IRC or other laws of the United States as a condition to exemption from, or reduction of, United States withholding or backup withholding tax. 
 (b) Each Lender or Participant shall provide new forms (or successor forms) upon the expiration or obsolescence of any previously delivered forms and to promptly notify Agent (or, in the case of a
Participant, to the Lender granting the participation only) of any change in circumstances which would modify or render invalid any claimed exemption or reduction. 

  
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 (c) If a Lender or Participant claims an exemption from withholding tax in a jurisdiction
other than the United States, such Lender or such Participant agrees with and in favor of Agent, to deliver to Agent (or, in the case of a Participant, to the Lender granting the participation only) any such form or forms, as may be required under
the laws of such jurisdiction as a condition to exemption from, or reduction of, foreign withholding or backup withholding tax before receiving its first payment under this Agreement, but only if such Lender or such Participant is legally able to
deliver such forms, provided, that nothing in this Section 16.2(c) shall require a Lender or Participant to disclose any information that it deems to be confidential (including without limitation, its tax returns). Each Lender and
each Participant shall provide new forms (or successor forms) upon the expiration or obsolescence of any previously delivered forms and to promptly notify Agent (or, in the case of a Participant, to the Lender granting the participation only) of any
change in circumstances which would modify or render invalid any claimed exemption or reduction. 
 (d) If a Lender or
Participant claims exemption from, or reduction of, withholding tax and such Lender or Participant sells, assigns, grants a participation in, or otherwise transfers all or part of the Obligations of Borrowers to such Lender or Participant, such
Lender or Participant agrees to notify Agent (or, in the case of a sale of a participation interest, to the Lender granting the participation only) of the percentage amount in which it is no longer the beneficial owner of Obligations of Borrowers to
such Lender or Participant. To the extent of such percentage amount, Agent will treat such Lender’s or such Participant’s documentation provided pursuant to Section 16.2(a) or 16.2(c) as no longer valid. With respect to
such percentage amount, such Participant or Assignee may provide new documentation, pursuant to Section 16.2(a) or 16.2(c), if applicable. Borrowers agree that each Participant shall be entitled to the benefits of this
Section 16 with respect to its participation in any portion of the Commitments and the Obligations so long as such Participant complies with the obligations set forth in this Section 16 with respect thereto. 

16.3. Reductions. 
 (a) If a Lender or a Participant is entitled to a reduction in the applicable withholding tax, Agent (or, in the case of a Participant, to the Lender granting the participation) may withhold from any
interest payment to such Lender or such Participant an amount equivalent to the applicable withholding tax after taking into account such reduction. If the forms or other documentation required by Section 16.2(a) or 16.2(c) are
not delivered to Agent (or, in the case of a Participant, to the Lender granting the participation), then Agent (or, in the case of a Participant, to the Lender granting the participation) may withhold from any interest payment to such Lender or
such Participant not providing such forms or other documentation an amount equivalent to the applicable withholding tax. 
 (b)
If the IRS or any other Governmental Authority of the United States or other jurisdiction asserts a claim that Agent (or, in the case of a Participant, to the Lender granting the participation) did not properly withhold tax from amounts paid to or
for the account of any Lender or any Participant due to a failure on the part of the Lender or any Participant (because the appropriate form was not delivered, was not properly executed, or because such Lender failed to notify Agent (or such
Participant failed to notify the Lender granting the participation) of a change in circumstances which rendered the exemption from, or reduction of, 

  
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withholding tax ineffective, or for any other reason) such Lender shall indemnify and hold Agent harmless (or, in the case of a Participant, such Participant shall indemnify and hold the Lender
granting the participation harmless) for all amounts paid, directly or indirectly, by Agent (or, in the case of a Participant, to the Lender granting the participation), as tax or otherwise, including penalties and interest, and including any taxes
imposed by any jurisdiction on the amounts payable to Agent (or, in the case of a Participant, to the Lender granting the participation only) under this Section 16, together with all costs and expenses (including attorneys’ fees and
expenses). The obligation of the Lenders and the Participants under this subsection shall survive the payment of all Obligations and the resignation or replacement of Agent. 
 16.4. Refunds. If Agent or a Lender determines, in its sole discretion in good faith, that it has received a refund of any Indemnified Taxes to which Borrowers have paid additional amounts
pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to Borrowers (but only to the extent of payments made, or additional amounts paid, by Borrowers under
this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with
respect to such a refund); provided, that Borrowers, upon the request of Agent or such Lender, agrees to repay the amount paid over to Borrowers (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other
than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent hereunder) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental
Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to any
Borrower or any other Person. 
 16.5. Tax Indemnity. The Loan Parties shall jointly and severally indemnify each
Indemnified Person (as defined in Section 10.3) (collectively a “Tax Indemnitee”) (but with respect to a Participant subject to the last sentence of Section 16.2(d)) for the full amount of Taxes or other
taxes arising in connection with this Agreement or any other Loan Document (including, without limitation, any Taxes or other taxes imposed or asserted on or attributable to amounts payable under this Section 16) paid by such Tax
Indemnitee and all reasonable fees and disbursements of attorneys, experts, or consultants and all other out-of-pocket costs and expenses actually incurred in connection therewith or in connection with the enforcement of this indemnification, as and
when they are incurred and irrespective of whether suit is brought, whether or not such Taxes or such other taxes were correctly or legally imposed or asserted by the relevant Governmental Authority (other than Taxes or such other taxes resulting
from gross negligence or willful misconduct of such Tax Indemnitee as finally determined by a court of competent jurisdiction and any tax imposed on the net income or net profits of any Indemnified Person (including any branch profits taxes)). This
Section 16.5 shall survive the termination of this Agreement and the repayment of the Obligations. 

  
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 17. GENERAL PROVISIONS. 
 17.1. Effectiveness. This Agreement shall be binding and deemed effective when executed by Borrowers, Agent, each Co-Collateral Agent, and each Lender whose signature is provided for on the
signature pages hereof. 
 17.2. Section Headings. Headings and numbers have been set forth herein for convenience
only. Unless the contrary is compelled by the context, everything contained in each Section applies equally to this entire Agreement. 
 17.3. Interpretation. Neither this Agreement nor any uncertainty or ambiguity herein shall be construed against the Lender Group or any Borrower, whether under any rule of construction or
otherwise. On the contrary, this Agreement has been reviewed by all parties and shall be construed and interpreted according to the ordinary meaning of the words used so as to accomplish fairly the purposes and intentions of all parties hereto.

 17.4. Severability of Provisions. Each provision of this Agreement shall be severable from every other
provision of this Agreement for the purpose of determining the legal enforceability of any specific provision. 
 17.5.
Bank Product Providers. Each Bank Product Provider shall be deemed a third party beneficiary hereof and of the provisions of the other Loan Documents for purposes of any reference in a Loan Document to the parties for whom Agent is
acting. Agent hereby agrees to act as agent for such Bank Product Providers and, by virtue of entering into a Bank Product Agreement, the applicable Bank Product Provider shall be automatically deemed to have appointed Agent as its agent and to have
accepted the benefits of the Loan Documents; it being understood and agreed that the rights and benefits of each Bank Product Provider under the Loan Documents consist exclusively of such Bank Product Provider’s being a beneficiary of the Liens
and security interests (and, if applicable, guarantees) granted to Agent and the right to share in payments and collections out of the Collateral as more fully set forth herein. In addition, each Bank Product Provider, by virtue of entering into a
Bank Product Agreement, shall be automatically deemed to have agreed that Co-Collateral Agents shall have the right, but shall have no obligation, to establish, maintain, relax, or release reserves in respect of the Bank Product Obligations and that
if reserves are established there is no obligation on the part of Co-Collateral Agents to determine or insure whether the amount of any such reserve is appropriate or not. In connection with any such distribution of payments or proceeds of
Collateral, Agent shall be entitled to assume no amounts are due or owing to any Bank Product Provider unless such Bank Product Provider has provided a written certification (setting forth a reasonably detailed calculation) to Agent as to the
amounts that are due and owing to it and such written certification is received by Agent a reasonable period of time prior to the making of such distribution. Agent shall have no obligation to calculate the amount due and payable with respect to any
Bank Products, but may rely upon the written certification of the amount due and payable from the applicable Bank Product Provider. In the absence of an updated certification, Agent shall be entitled to assume that the amount due and payable to the
applicable Bank Product Provider is the amount last certified to Agent by such Bank Product Provider as being due and payable (less any distributions made to such Bank Product Provider on account thereof). Borrowers may obtain Bank Products from any
Bank Product Provider, although no Borrower is 

  
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required to do so. Borrowers acknowledge and agree that no Bank Product Provider has committed to provide any Bank Products and that the providing of Bank Products by any Bank Product Provider is
in the sole and absolute discretion of such Bank Product Provider. Notwithstanding anything to the contrary in this Agreement or any other Loan Document, no provider or holder of any Bank Product shall have any voting or approval rights hereunder
(or be deemed a Lender) solely by virtue of its status as the provider or holder of such agreements or products or the Obligations owing thereunder, nor shall the consent of any such provider or holder be required (other than in their capacities as
Lenders, to the extent applicable) for any matter hereunder or under any of the other Loan Documents, including as to any matter relating to the Collateral or the release of Collateral or Guarantors. 

17.6. Debtor-Creditor Relationship. The relationship between the Lenders and Agent, on the one hand, and the Loan Parties,
on the other hand, is solely that of creditor and debtor. No member of the Lender Group has (or shall be deemed to have) any fiduciary relationship or duty to any Loan Party arising out of or in connection with the Loan Documents or the transactions
contemplated thereby, and there is no agency or joint venture relationship between the members of the Lender Group, on the one hand, and the Loan Parties, on the other hand, by virtue of any Loan Document or any transaction contemplated therein.

 17.7. Counterparts; Electronic Execution. This Agreement may be executed in any number of counterparts and by
different parties on separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute but one and the same Agreement. Delivery of an executed counterpart of
this Agreement by telefacsimile or other electronic method of transmission shall be equally as effective as delivery of an original executed counterpart of this Agreement. Any party delivering an executed counterpart of this Agreement by
telefacsimile or other electronic method of transmission also shall deliver an original executed counterpart of this Agreement but the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding
effect of this Agreement. The foregoing shall apply to each other Loan Document mutatis mutandis. 
 17.8. Revival
and Reinstatement of Obligations; Certain Waivers. 
 If the incurrence or payment of the Obligations by any Loan Party
or the transfer to the Lender Group of any property should for any reason subsequently be asserted, or declared, to be void or voidable under any state or federal law relating to creditors’ rights, including provisions of the Bankruptcy Code
relating to fraudulent conveyances, preferences, or other voidable or recoverable payments of money or transfers of property (each, a “Voidable Transfer”), and if the Lender Group is required to repay or restore, in whole or in
part, any such Voidable Transfer, or elects to do so upon the advice of counsel, then, as to any such Voidable Transfer, or the amount thereof that the Lender Group is required or elects to repay or restore, and as to all reasonable costs, expenses,
and attorneys’ fees of the Lender Group related thereto, the liability of Loan Parties automatically shall be revived, reinstated, and restored and shall exist as though such Voidable Transfer had never been made. 

  
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 17.9. Confidentiality. 

(a) Agent and Lenders each individually (and not jointly or jointly and severally) agree that material, non-public information regarding
Parent and its Subsidiaries, their operations, assets, and existing and contemplated business plans (“Confidential Information”) shall be treated by Agent and the Lenders in a confidential manner, and shall not be disclosed by Agent
and the Lenders to Persons who are not parties to this Agreement, except: (i) to attorneys for and other advisors, accountants, auditors, and consultants to any member of the Lender Group and to employees, directors and officers of any member
of the Lender Group (the Persons in this clause (i), “Lender Group Representatives”) on a “need to know” basis in connection with this Agreement and the transactions contemplated hereby and on a confidential basis,
(ii) to Subsidiaries and Affiliates of any member of the Lender Group (including the Bank Product Providers), provided that any such Subsidiary or Affiliate shall have agreed to receive such information hereunder subject to the terms of this
Section 17.9, (iii) as may be required by regulatory authorities so long as such authorities are informed of the confidential nature of such information, (iv) as may be required by statute, decision, or judicial or
administrative order, rule, or regulation; provided that (x) prior to any disclosure under this clause (iv), the disclosing party agrees to provide Administrative Borrower with prior notice thereof, to the extent that it is practicable
to do so and to the extent that the disclosing party is permitted to provide such prior notice to Administrative Borrower pursuant to the terms of the applicable statute, decision, or judicial or administrative order, rule, or regulation and
(y) any disclosure under this clause (iv) shall be limited to the portion of the Confidential Information as may be required by such statute, decision, or judicial or administrative order, rule, or regulation, (v) as may be agreed to
in advance in writing by Administrative Borrower, (vi) as requested or required by any Governmental Authority pursuant to any subpoena or other legal process, provided, that, (x) prior to any disclosure under this clause (vi) the
disclosing party agrees to provide Administrative Borrower with prior written notice thereof, to the extent that it is practicable to do so and to the extent that the disclosing party is permitted to provide such prior written notice to
Administrative Borrower pursuant to the terms of the subpoena or other legal process and (y) any disclosure under this clause (vi) shall be limited to the portion of the Confidential Information as may be required by such Governmental
Authority pursuant to such subpoena or other legal process, (vii) as to any such information that is or becomes generally available to the public (other than as a result of prohibited disclosure by Agent or the Lenders or the Lender Group
Representatives), (viii) in connection with any assignment, participation or pledge of any Lender’s interest under this Agreement, provided that prior to receipt of Confidential Information any such assignee, participant, or pledgee shall
have agreed in writing to receive such Confidential Information hereunder subject to the terms of this Section, (ix) in connection with any litigation or other adversary proceeding involving parties hereto which such litigation or adversary
proceeding involves claims related to the rights or duties of such parties under this Agreement or the other Loan Documents; provided, that, prior to any disclosure to any Person (other than any Loan Party, Agent, any Lender, any of their
respective Affiliates, or their respective counsel) under this clause (ix) with respect to litigation involving any Person (other than any Borrower, Agent, any Lender, any of their respective Affiliates, or their respective counsel), the
disclosing party agrees to provide Administrative Borrower with prior written notice thereof, and (x) in connection with, and to the extent reasonably necessary for, the exercise of any secured creditor remedy under this Agreement or under any
other Loan Document. 

  
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 (b) Anything in this Agreement to the contrary notwithstanding, Agent may disclose
information concerning the terms and conditions of this Agreement and the other Loan Documents to loan syndication and pricing reporting services or in its marketing or promotional materials, with such information to consist of deal terms and other
information customarily found in such publications or marketing or promotional materials and may otherwise use the name, logos, and other insignia of any Borrower or the other Loan Parties and the Commitments provided hereunder in any
“tombstone” or other advertisements, on its website or in other marketing materials of the Agent. 
 (c) The Loan
Parties hereby acknowledge that Agent or its Affiliates may make available to the Lenders materials or information provided by or on behalf of Borrowers hereunder (collectively, “Borrower Materials”) by posting the Borrower
Materials on IntraLinks, SyndTrak or another similar electronic system (the “Platform”) and certain of the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to receive material non-public information
with respect to the Loan Parties or their securities) (each, a “Public Lender”). The Loan Parties shall be deemed to have authorized Agent and its Affiliates and the Lenders to treat Borrower Materials marked “PUBLIC” or
otherwise at any time filed with the SEC as not containing any material non-public information with respect to the Loan Parties or their securities for purposes of United States federal and state securities laws. All Borrower Materials marked
“PUBLIC” are permitted to be made available through a portion of the Platform designated as “Public Investor” (or another similar term). Agent and its Affiliates and the Lenders shall be entitled to treat any Borrower Materials
that are not marked “PUBLIC” or that are not at any time filed with the SEC as being suitable only for posting on a portion of the Platform not marked as “Public Investor” (or such other similar term). 

17.10. Survival. All representations and warranties made by the Loan Parties in the Loan Documents and in the certificates
or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents
and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that Agent, Issuing Lender, or any Lender may have had notice or knowledge of any
Default or Event of Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of, or any accrued interest on, any Loan or any fee or any other
amount payable under this Agreement is outstanding or unpaid or any Letter of Credit is outstanding and so long as the Commitments have not expired or been terminated. 
 17.11. Patriot Act. Each Lender that is subject to the requirements of the Patriot Act hereby notifies each Borrower that pursuant to the requirements of the Act, it is required to obtain,
verify and record information that identifies each Borrower, which information includes the name and address of each Borrower and other information that will allow such Lender to identify Borrower in accordance with the Patriot Act. In addition, if
Agent is required by law or regulation or internal policies to do so, it shall have the right to periodically conduct (a) Patriot Act searches, OFAC/PEP searches, and customary individual background checks for the Loan Parties and
(b) OFAC/PEP searches and customary individual background checks for the Loan Parties’ senior management and key principals, and Borrowers agree to cooperate in respect of the conduct of such searches and further agree that the reasonable
costs and charges for such searches shall constitute Lender Group Expenses hereunder and be for the account of Borrowers. 

  
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 17.12. Integration. This Agreement, together with the other Loan Documents,
reflects the entire understanding of the parties with respect to the transactions contemplated hereby and shall not be contradicted or qualified by any other agreement, oral or written, before the date hereof. The foregoing to the contrary
notwithstanding, all Bank Product Agreements, if any, are 
 independent agreements governed by the written provisions of such Bank Product
Agreements, which will remain in full force and effect, unaffected by any repayment, prepayments, acceleration, reduction, increase, or change in the terms of any credit extended hereunder, except as otherwise expressly provided in such Bank Product
Agreement. 
 17.13. Split Lien Intercreditor Agreement. Agent and each Lender hereunder, by its acceptance of the
benefits provided hereunder, (a) consents to the subordination of Liens provided for in the Split Lien Intercreditor Agreement, (b) agrees that it will be bound by, and will take no actions contrary to, the provisions of the Split Lien
Intercreditor Agreement, and (c) authorizes and instructs the Agent to enter into the Split Lien Intercreditor Agreement as Agent on behalf of each Lender. Agent and each Lender hereby agrees that the terms, conditions and provisions contained
in this Agreement are subject to the Split Lien Intercreditor Agreement and, in the event of a conflict between the terms of the Split Lien Intercreditor Agreement and this Agreement, the terms of the Split Lien Intercreditor Agreement shall govern
and control. Agent agrees to deliver to Administrative Borrower a copy of any written notice delivered to Split Lien Agent pursuant to the Intercreditor Agreement. 
 17.14. Parent as Agent for Borrowers. Each Borrower hereby irrevocably appoints Parent as the borrowing agent and attorney-in-fact for all Borrowers (“Administrative
Borrower”) which appointment shall remain in full force and effect unless and until Agent shall have received prior written notice signed by each Borrower that such appointment has been revoked and that another Borrower has been appointed
Administrative Borrower. Each Borrower hereby irrevocably appoints and authorizes Administrative Borrower (i) to provide Agent with all notices with respect to Revolving Loans (inclusive of Swing Loans) and Letters of Credit obtained for the
benefit of any Borrower and all other notices and instructions under this Agreement and (ii) to take such action as Administrative Borrower deems appropriate on its behalf to obtain Revolving Loans (inclusive of Swing Loans) and Letters of
Credit and to exercise such other powers as are reasonably incidental thereto to carry out the purposes of this Agreement. Each Borrower hereby jointly and severally agrees to indemnify each member of the Lender Group and hold each member of the
Lender Group harmless against any and all liability, expense, loss or claim of damage or injury, made against the Lender Group by any Credit Party or by any third party whosoever, arising from or incurred by reason of (a) the handling of the
Loan Account and Collateral of Borrowers as herein provided, (b) the Lender Group’s relying on any instructions of Administrative Borrower, or (c) any other action taken by the Lender Group hereunder or under the other Loan Documents,
except that Borrowers will have no liability to the relevant Agent-Related Person or Lender-Related Person under this Section 17.14 with respect to any liability that has been finally determined by a court of competent jurisdiction to
have resulted solely from the gross negligence or willful misconduct of such Agent-Related Person or Lender-Related Person, as the case may be. 

  
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 17.15. Senior Debt. The Obligations are intended to be senior Indebtedness,
and not subordinated to any other senior Indebtedness, or made pari passu with Indebtedness that is subordinated to any other Indebtedness, of any Loan Party. The Obligations are deemed to be expressly designated and named as “Designated
Senior Debt”, “Designated Senior Indebtedness,” “Senior Indebtedness” or similar terms for purposes of any present or future loan agreement, indenture, note issuance or purchase agreement or other document under which such

 a designation is applicable or available for senior Indebtedness of any Loan Party (including without limitation the Indebtedness under the
Convertible Note Indenture). 
 [Signature pages to follow.] 

  
 -91-

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and
delivered as of the date first above written. 
  

									
	BORROWERS:	 		 	SCHOOL SPECIALTY, INC., a Wisconsin corporation
					
		 		 		 	By:	 	/s/ Michael P. Lavelle
		 		 		 	Name:	 	 
		 		 		 	Title:	 	 
			
		 		 	CLASSROOMDIRECT.COM, LLC, a Delaware limited liability company
					
		 		 		 	By:	 	 /s/ Michael P. Lavelle

		 		 		 	Name:	 	 
		 		 		 	Title:	 	 
			
		 		 	SPORTIME, LLC, a Delaware limited liability company
					
		 		 		 	By:	 	 /s/ Michael P. Lavelle

		 		 		 	Name:	 	 
		 		 		 	Title:	 	 
			
		 		 	DELTA EDUCATION, LLC, a Delaware limited liability company
					
		 		 		 	By:	 	 /s/ Michael P. Lavelle

		 		 		 	Name:	 	 
		 		 		 	Title:	 	 

 Signature Page to Debtor-in-Possession Credit Agreement 

									
		 		 	PREMIER AGENDAS, INC., a Washington corporation
					
		 		 		 	By:	 	 /s/ Michael P. Lavelle

		 		 		 	Name:	 	 
		 		 		 	Title:	 	 
			
		 		 	CHILDCRAFT EDUCATION CORP., a New York corporation
					
		 		 		 	By:	 	 /s/ Michael P. Lavelle

		 		 		 	Name:	 	 
		 		 		 	Title:	 	 
			
		 		 	BIRD-IN-HAND WOODWORKS, INC., a New Jersey corporation
					
		 		 		 	By:	 	 /s/ Michael P. Lavelle

		 		 		 	Name:	 	 
		 		 		 	Title:	 	 
			
		 		 	CALIFONE INTERNATIONAL, INC., a Delaware corporation
					
		 		 		 	By:	 	 /s/ Michael P. Lavelle

		 		 		 	Name:	 	 
		 		 		 	Title:	 	 

 Signature Page to Debtor-in-Possession Credit Agreement 

 
			
	WELLS FARGO CAPITAL FINANCE, LLC, a Delaware limited liability company, as Agent, as Co-Collateral Agent, and as a Lender
		
	By:	 	/s/ Richard Siegel
	Name:	 	Richard Siegel
		 	Its Authorized Signatory

 Signature Page to Debtor-in-Possession Credit Agreement 

 
			
	 GENERAL ELECTRIC CAPITAL CORPORATION, a
 Delaware corporation, as a Co-Collateral Agent, and as a
 Lender

		
	By:	 	 
	Name:	 	 
		 	Its Authorized Signatory

 Signature Page to Debtor-in-Possession Credit Agreement 

 
			
	BANK OF MONTREAL, as a Lender
		
	By:	 	 
	Name:	 	 
		 	Its Authorized Signatory

 Signature Page to Debtor-in-Possession Credit Agreement 

 
			
	CIT FINANCE LLC,, as a Lender
		
	By:	 	 
	Name:	 	 
		 	Its Authorized Signatory

 Signature Page to Debtor-in-Possession Credit Agreement 

 Schedule 1.1 

As used in the Agreement, the following terms shall have the following definitions: 

“ABL Priority Collateral” has the meaning set forth in the Split Lien Intercreditor Agreement. 

“Accelerated Learning Business” means the Accelerated Learning Business Segments, collectively and taken as a whole.

 “Accelerated Learning Business Segments” means the collective reference to, and individually any one of,
(i) the Delta Business, (ii) Reading Business, (iii) Health Business, and (iv) Planner Business. 

“Account” means an account (as that term is defined in the Code). 

“Account Debtor” means any Person who is obligated on an Account, chattel paper, or a general intangible. 

“Accounting Changes” means changes in accounting principles required by the promulgation of any rule, regulation,
pronouncement or opinion by the Financial Accounting Standards Board of the American Institute of Certified Public Accountants (or successor thereto or any agency with similar functions). 

“Additional Documents” has the meaning specified therefor in Section 5.12 of the Agreement. 

“Administrative Borrower” has the meaning specified therefor in Section 17.14. 

“Administrative Questionnaire” has the meaning specified therefor in Section 13.1(a). 

“Affected Lender” has the meaning specified therefor in Section 2.13(b) of the Agreement. 

“Affiliate” means, as applied to any Person, any other Person who controls, is controlled by, or is under common control
with, such Person. For purposes of this definition, “control” means the possession, directly or indirectly through one or more intermediaries, of the power to direct the management and policies of a Person, whether through the ownership of
Equity Interests, by contract, or otherwise; provided, that, for purposes of the definition of Eligible Accounts and Section 6.10 of the Agreement: (a) any Person which owns directly or indirectly 10% or more of the Equity
Interests having ordinary voting power for the election of directors or other members of the governing body of a Person or 10% or more of the partnership or other ownership interests of a Person (other than as a limited partner of such Person) shall
be deemed an Affiliate of such Person, (b) each director (or comparable manager) of a Person shall be deemed to be an Affiliate of such Person, and (c) each partnership in which a Person is a general partner shall be deemed an Affiliate of
such Person. 

  
 Schedule 1.1
– Page 1 

 “Agent” has the meaning specified therefor in the preamble to the
Agreement. 
 “Agents” means the Agent and the Co-Collateral Agents. 

“Agent-Related Persons” means Agent and each Co-Collateral Agent, together with their Affiliates, officers, directors,
employees, attorneys, and agents. 
 “Agent’s Account” means the Deposit Account of Agent identified on
Schedule A-1 (or such other Deposit Account of Agent that has been designated as such, in writing, by Agent to Administrative Borrower and the Lenders). 
 “Agent’s Liens” means the Liens granted by Parent or its Subsidiaries to Agent under the Loan Documents and securing the Obligations. 

“Agreement” means the Debtor-in-Possession Credit Agreement to which this Schedule 1.1 is attached. 

“APA Closing Date” has the meaning ascribed to the term “Closing Date” in the Asset Purchase Agreement.

 “Applicable Margin” means, as of any date of determination and with respect to Base Rate Loans, 2.75
percentage points, or LIBOR Rate Loans, 3.75 percentage points. 
 “Applicable Unused Line Fee Percentage”
means 0.50 percentage points. 
 “Application Event” means the occurrence of (a) a failure by Borrowers to
repay all of the Obligations in full on the Maturity Date or the Required Prepayment Date, or (b) an Event of Default and the election by Agent, the Co-Collateral Agents or the Required Lenders to require that payments and proceeds of
Collateral be applied pursuant to Section 2.4(b)(ii) of the Agreement. 
 “Asset Purchase
Agreement” mean the Asset Purchase Agreement, dated as of January 28, 2013, among Bayside School Specialty, LLC, School Specialty, Inc. and the other sellers named therein, in form and substance acceptable to Agent and Co-Collateral
Agents. 
 “Assignee” has the meaning specified therefor in Section 13.1(a) of the Agreement.

 “Assignment and Acceptance” means an Assignment and Acceptance Agreement substantially in the form of
Exhibit A-1 to the Agreement. 
 “Authorized Person” means any one of the individuals identified on
Schedule A-2 to the Agreement, as such schedule is updated from time to time by written notice from Administrative Borrower to Agent. 

  
 Schedule 1.1
– Page 2 

 “Availability” means, as of any date of determination, the amount that
Borrowers are entitled to borrow as Revolving Loans under Section 2.1 of the Agreement (after giving effect to the then outstanding Revolver Usage). 
 “Availability Reserve” means $5,000,000. 
 “Average
Revolver Usage” means, with respect to any period, the sum of the aggregate amount of Revolver Usage for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in
such period. 
 “Avoidance Actions” means any and all claims and causes of action of any Borrower’s estate
arising under Sections 542, 544, 545, 547, 548, 549, 550, 551, 553(b) or 724(a) of the Bankruptcy Code, together with any proceeds therefrom. 
 “Avoided Payments” has the meaning set forth in Section 2.4(e)(vii). 
 “Bank Product” means any one or more of the following financial products or accommodations extended to Parent or its Subsidiaries by a Bank Product Provider: (a) credit cards
(including commercial credit cards (including so-called “procurement cards” or “P-cards”)), (b) credit card processing services, (c) debit cards, (d) stored value cards, (e) Cash Management Services, or
(f) transactions under Hedge Agreements. 
 “Bank Product Agreements” means those agreements entered into
from time to time by Parent or its Subsidiaries with a Bank Product Provider in connection with the obtaining of any of the Bank Products. 
 “Bank Product Collateralization” means providing cash collateral (pursuant to documentation reasonably satisfactory to Agent) to be held by Agent for the benefit of the Bank Product
Providers (other than the Hedge Providers) in an amount determined by Agent as sufficient to satisfy the reasonably estimated credit exposure with respect to the then existing Bank Product Obligations (other than Hedge Obligations). 

“Bank Product Obligations” means (a) all obligations, liabilities, reimbursement obligations, fees, or expenses
owing by Parent or its Subsidiaries to any Bank Product Provider pursuant to or evidenced by a Bank Product Agreement and irrespective of whether for the payment of money, whether direct or indirect, absolute or contingent, due or to become due, now
existing or hereafter arising, (b) all Hedge Obligations, and (c) all amounts that Agent or any Lender is obligated to pay to a Bank Product Provider as a result of Agent or such Lender purchasing participations from, or executing
guarantees or indemnities or reimbursement obligations to, a Bank Product Provider with respect to the Bank Products provided by such Bank Product Provider to Parent or its Subsidiaries; provided, in order for any item described in clauses
(a) (b), or (c) above, as applicable, to constitute “Bank Product Obligations”, if the applicable Bank Product Provider is any Person other than Wells Fargo or its Affiliates, then the applicable Bank Product must have been
provided on or after the Closing Date and Agent shall have received a Bank Product Provider Agreement within 10 days after the date of the provision of the applicable Bank Product to Parent or its Subsidiaries. 

  
 Schedule 1.1
– Page 3 

 “Bank Product Provider” means any Lender or any of its Affiliates,
including each of the foregoing in its capacity, if applicable, as a Hedge Provider; provided, that no such Person shall constitute a Bank Product Provider with respect to a Bank Product unless and until (x) in the case of Wells Fargo or
its Affiliates, Agent shall have received a Bank Product Provider Agreement from such Person and with respect to the applicable Bank Product prior to the date that is 10 days after the provision of such Bank Product to Parent or its Subsidiaries, or
(y) in the case of any other Person, Agent shall have received a Bank Product Provider Agreement from such Person and with respect to the applicable Bank Product within 10 days after the provision of such Bank Product to Parent or its
Subsidiaries; provided further, that if, at any time, a Lender ceases to be a Lender under the Agreement, then, from and after the date on which it ceases to be a Lender thereunder, neither it nor any of its Affiliates shall constitute
Bank Product Providers and the obligations with respect to Bank Products provided by such former Lender or any of its Affiliates shall no longer constitute Bank Product Obligations. 

“Bank Product Provider Agreement” means (a) in the case of a Bank Product Provider other than WFB or one of its
Affiliates, an agreement in substantially the form attached hereto as Exhibit B-2 to the Agreement, in form and substance satisfactory to Agent, duly executed by the applicable Bank Product Provider, Administrative Borrower, and Agent, and
(b) in the case of WFB or one of its Affiliates, an agreement between such Bank Product Provider and Agent in form and substance satisfactory to Agent. 
 “Bank Product Reserves” means, as of any date of determination, those reserves that Co-Collateral Agents deems necessary or appropriate to establish (based upon the Bank Product
Providers’ determination of the liabilities and obligations of Parent and its Subsidiaries in respect of Bank Product Obligations) in respect of Bank Products then provided or outstanding. 

“Bankruptcy Cases” means the cases of Borrowers jointly administered under chapter 11 of the Bankruptcy Code pending
before the Bankruptcy Court, bearing case number 13-10125 and any superseding chapter 7 case or cases. 
 “Bankruptcy
Code” means the United States Code (11 U.S.C. §§ 101, et seq.), as amended, and any successor statute, as in effect from time to time. 
 “Bankruptcy Court” has the meaning set forth in the recitals to the Agreement. 
 “Base Rate” means the greatest of (a) the Federal Funds Rate plus
 1/2%, (b) the LIBOR Rate (which rate shall be calculated based upon an Interest Period of 1 month and shall be determined on a daily basis), plus 1 percentage point, and (c) the rate of interest
announced, from time to time, within Wells Fargo at its principal office in San Francisco as its “prime rate”, with the understanding that the “prime rate” is one of Wells Fargo’s base rates (not necessarily the lowest of
such rates) and serves as the basis upon which effective rates of interest are calculated for those loans making reference thereto and is evidenced by the recording thereof after its announcement in such internal publications as Wells Fargo may
designate. 
 “Base Rate Loan” means each portion of the Revolving Loans that bears interest at a rate
determined by reference to the Base Rate. 

  
 Schedule 1.1
– Page 4 

 “Base Rate Margin” has the meaning set forth in the definition of
Applicable Margin. 
 “Bayside Sale” means a sale pursuant to Section 363 of the Bankruptcy Code of all or
substantially all of the assets of the Borrowers to the Split Lien Agent or one or more of its affiliates. 
 “Benefit
Plan” means a “defined benefit plan” (as defined in Section 3(35) of ERISA) for which Parent or any of its Subsidiaries or ERISA Affiliates has been an “employer” (as defined in Section 3(5) of ERISA) within
the past six years. 
 “Bidding Procedure Order” has the meaning set forth in the Asset Purchase Agreement.

 “Board of Directors” means, as to any Person, the board of directors (or comparable managers) of such
Person, or any committee thereof duly authorized to act on behalf of the board of directors (or comparable managers). 

“Board of Governors” means the Board of Governors of the Federal Reserve System of the United States (or any successor).

 “Borrower” has the meaning specified therefor in the preamble to the Agreement. 

“Borrower Materials” has the meaning specified therefor in Section 17.9(c) of the Agreement. 

“Borrowing” means a borrowing consisting of Revolving Loans made on the same day by the Lenders (or Agent on behalf
thereof), or by Swing Lender in the case of a Swing Loan, or by Agent in the case of an Extraordinary Advance. 

“Borrowing Base” means, as of any date of determination, the result of: 

(a) 85% of the amount of Eligible Accounts, less the amount, if any, of the Dilution Reserve, plus 

(b) the lower of 
 (i) the product of 65% multiplied by the value (calculated at the lower of cost or market on a basis consistent with Borrowers’ historical accounting practices) of Eligible Inventory (other than
Eligible Slow Moving Inventory) at such time, and 
 (ii) the product of 85% multiplied by the Net Recovery Percentage
identified in the most recent inventory appraisal ordered and obtained by Agent or the Co-Collateral Agents multiplied by the value (calculated at the lower of cost or market on a basis consistent with the Borrowers’ historical accounting
practices) of Eligible Inventory (other than Eligible Slow Moving Inventory) (such determination may be made as to different categories of Eligible Inventory based upon the Net Recovery Percentage applicable to such categories) at such time,
plus 

  
 Schedule 1.1
– Page 5 

 (c) the lowest of 

(i) the product of 65% multiplied by the value (calculated at the lower of cost or market on a basis consistent with Borrowers’
historical accounting practices) of Eligible Inventory that is Eligible Slow Moving Inventory at such time, 
 (ii) the product
of 85% multiplied by the Net Recovery Percentage identified in the most recent inventory appraisal ordered and obtained by Agent or the Co-Collateral Agents multiplied by the value (calculated at the lower of cost or market on a basis consistent
with the Borrowers’ historical accounting practices) of Eligible Inventory that is Eligible Slow Moving Inventory (such determination may be made as to different categories of Eligible Inventory based upon the Net Recovery Percentage applicable
to such categories) at such time, and 
 (iii) the Slow Moving Cap, minus 

(d) the sum of (without duplication) (i) Availability Reserve, (ii) the Bank Product Reserve, (iii) Carveout Expense
Reserve, and (iv) the aggregate amount of reserves, if any, established by Co-Collateral Agents under Section 2.1(c) of the Agreement. 
 “Borrowing Base Certificate” means a certificate in the form of Exhibit B-1. 
 “Budget” means the initial budget (a copy of which is attached as Exhibit B-2), projecting operations for the ensuing six-month period and including, without limitation, (i) a
thirteen-week cash flow forecast, (ii) a six-month consolidated balance sheet, income statement and statement of cash flows, and (iii) income statements by Business Segment, as amended, modified or supplemented from time to time, in the
case of non-material amendments, modifications or supplements, with Agent’s written consent and otherwise with the consent of each Lender; such thirteen-week cash flow forecast to be updated (in substantially the same format as the prior
thirteen-week cash flow forecast) monthly by Borrowers in accordance with Section 5.1, submitted to Agent and, upon acceptance in writing by Agent in its sole discretion with respect to non-material updates and upon acceptance in writing
by each Lender with respect to any other updates, the prior Budget, as modified by the updated thirteen-week cash flow forecast shall constitute the then Budget. 
 “Business Day” means any day that is not a Saturday, Sunday, or other day on which banks are authorized or required to close in the state of Illinois, except that, if a determination of a
Business Day shall relate to a LIBOR Rate Loan, the term “Business Day” also shall exclude any day on which banks are closed for dealings in Dollar deposits in the London interbank market. 

“Business Segment Financial Statements” means the consolidated and consolidating monthly, quarterly and annual financial
statements, including, in the case of clauses (w), (x) and (y) below, balance sheets, income statements, and statements of capital 

  
 Schedule 1.1
– Page 6 

 
expenditures, retained earnings and shareholders’ equity, and Product Development Expense, and (in the case of clause (z) below) statements of revenue, gross margin, capital
expenditures, and Product Development Expense, in any event in no less a level of detail than the financial statements provided to the Agent prior to the Closing Date, reflecting the performance of (w) the Accelerated Learning Business
(accompanied by reconciling information in detail reasonably satisfactory to the Agent for any Reconcilable Inclusions with respect to the Accelerated Learning Business), (x) the Educational Resources Business, (y) each Business Segment on
a standalone basis (accompanied, in the case of the Planner Business, by reconciling information in detail reasonably satisfactory to the Agent for any Reconcilable Inclusions with respect to the Planner Business), and (z) each Delta Business
Sub-Segment on a standalone basis. 
 “Business Segments” means, collectively, each Accelerated Learning
Business Segment and each Educational Resources Business Segment. 
 “Capitalized Lease Obligation” means that
portion of the obligations under a Capital Lease that is required to be capitalized in accordance with GAAP. 
 “Capital
Lease” means a lease that is required to be capitalized for financial reporting purposes in accordance with GAAP. 

“Carveout” has the meaning set forth in the Interim Order or the Final Order, as applicable. 

“Carveout Expense Reserve” means, as of any date of determination, a reserve established on account of the Carveout and
Other Statutory Liabilities, in amounts not less than those set forth for such reserve amounts in the Budget from time to time unless otherwise agreed by Co-Collateral Agents. 
 “Cash Equivalents” means (a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States or issued by any agency thereof and backed by the full faith
and credit of the United States, in each case maturing within 1 year from the date of acquisition thereof, (b) marketable direct obligations issued or fully guaranteed by any state of the United States or any political subdivision of any such
state or any public instrumentality thereof maturing within 1 year from the date of acquisition thereof and, at the time of acquisition, having one of the two highest ratings obtainable from either Standard & Poor’s Rating Group
(“S&P”) or Moody’s Investors Service, Inc. (“Moody’s”), (c) commercial paper maturing no more than 270 days from the date of creation thereof and, at the time of acquisition, having a rating of at
least A-1 from S&P or at least P-1 from Moody’s, (d) certificates of deposit, time deposits, overnight bank deposits or bankers’ acceptances maturing within 1 year from the date of acquisition thereof issued by any bank organized
under the laws of the United States or any state thereof or the District of Columbia or any United States branch of a foreign bank having at the date of acquisition thereof combined capital and surplus of not less than $1,000,000,000,
(e) Deposit Accounts maintained with (i) any bank that satisfies the criteria described in clause (d) above, or (ii) any other bank organized under the laws of the United States or any state thereof so long as the full amount
maintained with any such other bank is insured by the Federal Deposit Insurance Corporation, (f) repurchase obligations of any commercial bank satisfying the 

  
 Schedule 1.1
– Page 7 

 
requirements of clause (d) of this definition or recognized securities dealer having combined capital and surplus of not less than $1,000,000,000, having a term of not more than seven days,
with respect to securities satisfying the criteria in clauses (a) or (d) above, (g) debt securities with maturities of six months or less from the date of acquisition backed by standby letters of credit issued by any commercial bank
satisfying the criteria described in clause (d) above, and (h) Investments in money market funds substantially all of whose assets are invested in the types of assets described in clauses (a) through (g) above. 

“Cash Management Services” means any cash management or related services including treasury, depository, return items,
overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds
transfers through the direct Federal Reserve Fedline system) and other customary cash management arrangements. 

“CFC” means a controlled foreign corporation (as that term is defined in the IRC). 

“Change in Control” means that: 
 (a) any Person or two or more Persons acting in concert, shall have acquired beneficial ownership, directly or indirectly, of Equity Interests of Parent (or other securities convertible into such Equity
Interests) representing 30% or more of the combined voting power of all Equity Interests of Parent entitled (without regard to the occurrence of any contingency) to vote for the election of members of the Board of Directors of Parent; 

(b) any Person or two or more Persons acting in concert, shall have acquired by contract or otherwise, or shall have entered into a
contract or arrangement that, upon consummation thereof, will result in its or their acquisition of the power to exercise, directly or indirectly, a controlling influence over the management or policies of Parent or control over the Equity Interests
of such Person entitled to vote for members of the Board of Directors of Parent on a fully-diluted basis (and taking into account all such Equity Interests that such Person or group has the right to acquire pursuant to any option right) representing
30% or more of the combined voting power of such Equity Interests; 
 (c) during any period of 24 consecutive months commencing
on or after the Closing Date, the occurrence of a change in the composition of the Board of Directors of Parent such that a majority of the members of such Board of Directors are not Continuing Directors; 

(d) Parent fails to own and control, directly or indirectly, 100% of the Equity Interests of each other Loan Party; 

(e) the occurrence of any “Change in Control” as defined in the Split Lien Credit Agreement; or 

(f) the occurrence of any “Change of Control” as defined in the Convertible Note Indenture. 

  
 Schedule 1.1
– Page 8 

 “Chief Restructuring Officer” means Mr. Thomas E. Hill, a
representative of Alvarez & Marsal North America, LLC (“Alvarez & Marsal”), in his capacity as Chief Restructuring Officer duly appointed and authorized by Borrowers, on terms and conditions reasonably acceptable
to Agent and Lenders. 
 “Closing Date” means the date of the making of the initial Revolving Loan (or other
extension of credit) under the Agreement. 
 “Co-Collateral Agents” means, collectively, the Agent and GECC,
each in its capacity as a co-collateral agent and any successor co-collateral agents. 
 “Code” means the New
York Uniform Commercial Code, as in effect from time to time. 
 “Collateral” means all assets and interests in
assets and proceeds thereof now owned or hereafter acquired by Parent or its Subsidiaries in or upon which a Lien is granted by such Person in favor of Agent, Co-Collateral Agents or the Lenders under any of the Loan Documents. Without limitation of
the foregoing, subject to the terms of the Interim Order and Final Order, the Collateral shall include all proceeds of any and all Avoidance Actions. 
 “Collateral Access Agreement” means a landlord waiver, bailee letter, or acknowledgement agreement of any lessor, warehouseman, processor, consignee, or other Person in possession of,
having a Lien upon, or having rights or interests in Parent’s or its Subsidiaries’ books and records, Equipment, or Inventory, in each case, in form and substance reasonably satisfactory to Co-Collateral Agents. 

“Commitment” means, with respect to each Lender, its Revolver Commitment, as the context requires, and, with respect to
all Lenders, their Revolver Commitments, as the context requires, in each case as such Dollar amounts are set forth beside such Lender’s name under the applicable heading on Schedule C-1 to the Agreement or in the Assignment and
Acceptance pursuant to which such Lender became a Lender under the Agreement, as such amounts may be reduced or increased from time to time pursuant to assignments made in accordance with the provisions of Section 13.1 of the Agreement.

 “Committees” means, collectively, the official committee of unsecured creditors and any other committee
formed, appointed or approved in any Chapter 11 Case. 
 “Commodity Hedging Obligations” means any and all
obligations of the Borrowers and their Subsidiaries under (a) any and all agreements, devices or arrangements designed to protect any Borrowers or any of their Subsidiaries from the fluctuations of commodity prices, commodity price cap or
collar protection agreements, and commodity forward and future contracts, swaps, options, puts and warrants, and (b) any and all cancellations, buy backs, reversals, terminations or assignments of any of the foregoing. 

“Compliance Certificate” means a certificate substantially in the form of Exhibit C-1 to the Agreement delivered
by the chief financial officer of Administrative Borrower to Agent. 

  
 Schedule 1.1
– Page 9 

 “Confidential Information” has the meaning specified therefor in
Section 17.9(a) of the Agreement. 
 “Continuing Director” means (a) any member of the Board
of Directors who was a director (or comparable manager) of Parent on the Closing Date, and (b) any individual who becomes a member of the Board of Directors after the Closing Date if such individual was approved, appointed or nominated for
election to the Board of Directors by a majority of the Continuing Directors, but excluding any such individual originally proposed for election in opposition to the Board of Directors in office at the Closing Date in an actual or threatened
election contest relating to the election of the directors (or comparable managers) of Parent and whose initial assumption of office resulted from such contest or the settlement thereof. 

“Control Agreement” means a control agreement, in form and substance reasonably satisfactory to Agent, executed and
delivered by Parent or one of its Subsidiaries, Agent, and the applicable securities intermediary (with respect to a Securities Account) or bank (with respect to a Deposit Account). 

“Convertible Note Indenture” means that certain Indenture dated as of March 1, 2011 between Parent and The Bank of
New York Mellon Trust Company, N.A., as trustee, as amended or modified from time to time, in an aggregate original principal amount of $157,500,000. 
 “Convertible Notes” means convertible subordinated notes due 2026 issued pursuant to the Convertible Note Indenture in an aggregate original principal amount of $157,500,000. 

“Copyright Security Agreement” has the meaning specified therefor in the Guaranty and Security Agreement. 

“Default” means an event, condition, or default that, with the giving of notice, the passage of time, or both, would be
an Event of Default. 
 “Defaulting Lender” means any Lender that (a) has failed to fund any amounts
required to be funded by it under the Agreement within 1 Business Day of the date that it is required to do so under the Agreement (including the failure to make available to Agent amounts required pursuant to a Settlement or to make a required
payment in connection with a Letter of Credit Disbursement), (b) notified the Administrative Borrower, Agent, or any Lender in writing that it does not intend to comply with all or any portion of its funding obligations under the Agreement,
(c) has made a public statement to the effect that it does not intend to comply with its funding obligations under the Agreement or under other agreements generally (as reasonably determined by Agent) under which it has committed to extend
credit, (d) failed, within 1 Business Day after written request by Agent, to confirm that it will comply with the terms of the Agreement relating to its obligations to fund any amounts required to be funded by it under the Agreement,
(e) otherwise failed to pay over to Agent, any Co-Collateral Agent or any other Lender any other amount required to be paid by it under the Agreement within 1 Business Day of the date that it is required to do so under the Agreement, unless
subject of a good faith dispute, or (f) (i) becomes or is insolvent or has a parent company that has become or is insolvent or 

  
 Schedule 1.1
– Page 10 

 
(ii) becomes the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, or custodian or appointed for it, or has taken any action in furtherance of,
or indicating its consent to, approval of or acquiescence in any such proceeding or appointment or has a parent company that has become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, or custodian
appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment. 
 “Defaulting Lender Rate” means (a) for the first 3 days from and after the date the relevant payment is due, the Base Rate, and (b) thereafter, the interest rate then applicable
to Revolving Loans that are Base Rate Loans (inclusive of the Base Rate Margin applicable thereto). 
 “Delta
Business” means the Delta Business Sub-Segments collectively and taken as a whole. 
 “Delta Business
Sub-Segments” means the collective reference to, and individually any one of, (i) Delta/FOSS, (ii) Frey Scientific, and (iii) Other Science Products. 
 “Delta/Foss” means the Delta and Refurbishment marketing units that are a sub-segment of the Delta Business that offers an inquiry-based elementary school science curriculum, including
instructional and classroom resources and hands-on investigation materials, the Delta Science Module program, the FOSS (Full Option Science System) program and kit refill materials. 

“Designated Account” means the Deposit Account of Administrative Borrower identified on Schedule D-1 to the
Agreement (or such other Deposit Account of Administrative Borrower located at Designated Account Bank that has been designated as such, in writing, by Administrative Borrower to Agent). 

“Designated Account Bank” has the meaning specified therefor in Schedule D-1 to the Agreement (or such other bank
that is located within the United States that has been designated as such, in writing, by Administrative Borrower to Agent). 

“Dilution” means, as of any date of determination, a percentage, based upon the experience of the immediately prior 12
months, that is the result of dividing the Dollar amount of (a) bad debt write-downs, discounts, advertising allowances, credits, or other dilutive items with respect to Borrowers’ Accounts during such period, by (b) Borrowers’
billings with respect to Accounts during such period. 
 “Dilution Reserve” means, as of any date of
determination, an amount sufficient to reduce the advance rate against Eligible Accounts by 1 percentage point for each percentage point by which Dilution is in excess of 5%. 
 “Disqualified Equity Interests” shall mean any Equity Interest that, by its terms (or by the terms of any security or other Equity Interests into which it is convertible or for which it
is exchangeable), or upon the happening of any event or condition (a) matures or is 

  
 Schedule 1.1
– Page 11 

 
mandatorily redeemable (other than solely for Qualified Equity Interests), pursuant to a sinking fund obligation or otherwise (except as a result of a change of control or asset sale so long as
any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Loans and all other Obligations that are accrued and payable and the termination of the
Commitments), (b) is redeemable at the option of the holder thereof (other than solely for Qualified Equity Interests), in whole or in part, (c) provides for the scheduled payments of dividends in cash, or (d) is or becomes
convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified Equity Interests, in each case, prior to the date that is 180 days after the Maturity Date. 

“Dollars” or “$” means United States dollars. 

“Educational Resources Administrator” means the category within the Educational Resources Segment that offers basic
classroom supplies, office products, janitorial and sanitation supplies, school equipment, technology products and paper. 

“Educational Resources Business” means the Educational Resources Business Segments, collectively and taken as a whole.

 “Educational Resources Business Segments” means the collective reference to, and individually any one of,
(i) Educational Resources Educator, (ii) Educational Resources Administrator, and (iii) Educational Resources Furniture. 
 “Educational Resources Educator” means the category within the Educational Resources Segment that offers supplemental learning materials, teaching resources, upper-grade-level art
supplies, early childhood products, physical education equipment and special needs equipment and classroom technology. 

“Educational Resources Furniture” means the category within the Educational Resources Segment that offers classroom
furniture, library furniture, cafeteria furniture, office furniture, fixed furniture such as bleachers and lockers, as well as construction and project management services. 
 “Eligible Accounts” means those Accounts created by a Borrower in the ordinary course of its business, that arise out of such Borrower’s sale of goods or rendition of services, that
comply with each of the representations and warranties respecting Eligible Accounts made in the Loan Documents, and that are not excluded as ineligible by virtue of one or more of the excluding criteria set forth below; provided, that such
criteria may be revised from time to time by Co-Collateral Agents in Co-Collateral Agents’ Permitted Discretion to address the results of any field examination performed by (or on behalf of) Agent and/or Co-Collateral Agents from time to time
after the Closing Date. In determining the amount to be included, Eligible Accounts shall be calculated net of customer deposits, unapplied cash, taxes, discounts, credits, allowances, and rebates. Eligible Accounts shall not include the following:

 (a) Accounts that the Account Debtor has failed to pay within 90 days of original invoice date or within 60 days of original
due date or Accounts with selling terms of more than 60 days (provided, that, during the period commencing on December 1st of each year 

  
 Schedule 1.1
– Page 12 

 
through May 31st of the immediately subsequent year, Accounts in an aggregate amount for all such Accounts not to exceed the lesser of (x) 70% of all Accounts outstanding more than 90
days past their original invoice date and (y) $5,000,000 shall not be ineligible under this clause (a) as a result of being outstanding more than 90 days past original invoice date, so long as such Accounts are not unpaid more than 120
days past their original invoice date), 
 (b) Accounts owed by an Account Debtor (or its Affiliates) where 50% or more of all
Accounts owed by that Account Debtor (or its Affiliates) are deemed ineligible under clause (a) above, 
 (c) Accounts with
respect to which the Account Debtor is an Affiliate of a Borrower or an employee or agent of a Borrower or any Affiliate of a Borrower, 
 (d) Accounts arising in a transaction wherein goods are placed on consignment or are sold pursuant to a guaranteed sale, a sale or return, a sale on approval, a bill and hold, or any other terms by reason
of which the payment by the Account Debtor may be conditional, 
 (e) Accounts that are not payable in Dollars, 

(f) Accounts with respect to which the Account Debtor either (i) does not maintain its chief executive office in the United States or
Canada, or (ii) is not organized under the laws of the United States or any state thereof or Canada or any province thereof, or (iii) is the government of any foreign country or sovereign state, or of any state, province, municipality, or
other political subdivision thereof, or of any department, agency, public corporation, or other instrumentality thereof, unless (A) the Account is supported by an irrevocable letter of credit reasonably satisfactory to Agent (as to form,
substance, and issuer or domestic confirming bank) that has been delivered to Agent and is directly drawable by Agent, or (B) the Account is covered by credit insurance in form, substance, and amount, and by an insurer, reasonably satisfactory
to Agent, 
 (g) Accounts with respect to which the Account Debtor is the United States or any department, agency, or
instrumentality of the United States (exclusive, however, of Accounts (x) with respect to which the applicable Borrower has complied, to the reasonable satisfaction of Co-Collateral Agents, with the Assignment of Claims Act, 31 USC §3727
and (y) in an aggregate amount not to exceed $2,000,000); 
 (h) Accounts with respect to which the Account Debtor is a
creditor of a Borrower, has or has asserted a right of recoupment or setoff, or has disputed its obligation to pay all or any portion of the Account, to the extent of such claim, right of recoupment or setoff, or dispute, 

(i) Accounts with respect to an Account Debtor whose total obligations owing to Borrowers exceed 10% (such percentage, as applied to a
particular Account Debtor, being subject to reduction by Co-Collateral Agents in its Permitted Discretion if the creditworthiness of such Account Debtor deteriorates) of all Eligible Accounts, to the extent of the obligations owing by such Account
Debtor in excess of such percentage; provided, that, in 

  
 Schedule 1.1
– Page 13 

 
each case, the amount of Eligible Accounts that are excluded because they exceed the foregoing percentage shall be determined by Co-Collateral Agents based on all of the otherwise Eligible
Accounts prior to giving effect to any eliminations based upon the foregoing concentration limit, 
 (j) Accounts with respect to
which the Account Debtor is subject to an Insolvency Proceeding, is not Solvent, has gone out of business, or as to which a Borrower has received notice of an imminent Insolvency Proceeding or a material impairment of the financial condition of such
Account Debtor, 
 (k) Accounts, the collection of which, Co-Collateral Agents, in their Permitted Discretion, believes to be
doubtful, including by reason of the Account Debtor’s financial condition, 
 (l) Accounts that are not subject to a valid
and perfected first priority Agent’s Lien, or are subject to a Lien other than the Liens of Agent and those permitted in clauses (a), (b), (c) and (q) of the definition of the term Permitted Liens (but as to Liens referred to in
clause (c) only to the extent that Co-Collateral Agents have established a reserve in respect thereof), 
 (m) Accounts with
respect to which (i) the goods giving rise to such Account have not been shipped and billed to the Account Debtor, or (ii) the services giving rise to such Account have not been performed and billed to the Account Debtor, 

(n) Accounts with respect to which the Account Debtor is a Sanctioned Person or Sanctioned Entity, 

(o) Accounts that represent the right to receive progress payments or other advance billings that are due prior to the completion of
performance by Borrowers of the subject contract for goods or services, or 
 (p) Accounts arising from or in connection with
contracts or projects that are subject to a performance or surety bond. 
 “Eligible Inventory” means Inventory
of a Borrower consisting of raw materials and finished goods, that complies with each of the representations and warranties respecting Eligible Inventory made in the Loan Documents, and that is not excluded as ineligible by virtue of one or more of
the excluding criteria set forth below; provided, that such criteria may be revised from time to time by Co-Collateral Agent in Co-Collateral Agents’ Permitted Discretion to address the results of any field examination or appraisal
performed by Agent and/or Co-Collateral Agents from time to time after the Closing Date. In determining the amount to be so included, Inventory shall be valued at the lower of cost or market on a basis consistent with Borrowers’ historical
accounting practices. An item of Inventory shall not be included in Eligible Inventory if: 
 (a) the applicable Borrower does
not have good, valid, and marketable title thereto, 

  
 Schedule 1.1
– Page 14 

 (b) the applicable Borrower does not have actual and exclusive possession thereof (either
directly or through a bailee or agent of such Borrower), 
 (c) it is not located at one of the locations in the continental
United States set forth on Schedule E-1 to the Agreement (or in-transit from one such location to another such location), 

(d) it is in-transit to or from a location of the applicable Borrower (other than in-transit from one location set forth on Schedule
E-1 to the Agreement to another location set forth on Schedule E-1 to the Agreement); unless such inventory is in transit outside of, but on route to, the United States of America (including its inland waterways), is fully insured and the
title documents in respect thereof (x) are negotiable, (y) are in the possession of a Title Document Agent, and (z) have been consigned and issued as follows: “to the order of a Title Document Agent, as agent for secured party,
Wells Fargo Capital Finance, LLC, which secured party has a security interest in the goods covered by this document”; provided, that the maximum amount of in-transit inventory not located in the United States of America (including its
inland waterways) at any one time included as Eligible Inventory shall not exceed $2,500,000, 
 (e) it is located on real
property leased by the applicable Borrower, in a contract warehouse or with a processor, in each case, unless a Landlord Reserve is in place for such location or it is subject to a Collateral Access Agreement executed by the lessor or warehouseman,
as the case may be, and unless it is segregated or otherwise separately identifiable from goods of others, if any, stored on the premises, 
 (f) it is the subject of a bill of lading or other document of title, 
 (g) it is
not subject to a valid and perfected first priority Agent’s Lien, or is subject to a Lien other than the Liens of Agent and those permitted in clauses (a), (b), (c), (g), (p) and (q) of the definition of the term Permitted Liens (but
as to Liens referred to in clause (c), (g) and (p) only to the extent that Co-Collateral Agents have established a reserve in respect thereof), 
 (h) it consists of goods returned or rejected by a Borrower’s customers, 
 (i)
it consists of goods that are obsolete or slow moving, restrictive or custom items, work-in-process or goods that constitute spare parts, packaging and shipping materials, supplies used or consumed in a Borrower’s business, bill and hold goods,
defective goods, “seconds,” or Inventory acquired on consignment; provided, that, Eligible Slow Moving shall not be ineligible under this clause (i) as a result of being slow moving, provided, further, that, if
Borrowers have not sold any Inventory of a particular type or category during the then immediately preceding 12 consecutive month period, such type or category of Inventory shall be deemed ineligible as slow moving under this clause (i), 

(j) it is subject to third party trademark, or other intellectual property, licensing or proprietary rights, unless Co-Collateral Agents
are satisfied that such Inventory can be freely sold by Agent on and after the occurrence of an Event of a Default (without Agent infringing any rights of, or incurring any liabilities to, any licensor or owner of such third party rights) despite
such third party rights, or 

  
 Schedule 1.1
– Page 15 

 (k) it is located at any site if the aggregate book value of Inventory at such location is
less than $100,000. 
 “Eligible Slow Moving Inventory” means Inventory of the type or category that Borrowers
then have a supply of 52 weeks or more (based on sales over the then preceding 12 consecutive month period) unless Borrowers have not sold any Inventory of such type or category during the then immediately preceding 12 consecutive month period.

 “Eligible Transferee” means (a) any Lender (other than a Defaulting Lender), any Affiliate of any
Lender and any Related Fund of any Lender; and (b) (i) a commercial bank organized under the laws of the United States or any state thereof, and having total assets in excess of $1,000,000,000; (ii) a savings and loan association or
savings bank organized under the laws of the United States or any state thereof, and having total assets in excess of $1,000,000,000; (iii) a commercial bank organized under the laws of any other country or a political subdivision thereof;
provided that (A) (x) such bank is acting through a branch or agency located in the United States or (y) such bank is organized under the laws of a country that is a member of the Organization for Economic Cooperation and
Development or a political subdivision of such country, and (B) such bank has total assets in excess of $1,000,000,000; (c) any other entity (other than a natural person) that is an “accredited investor” (as defined in Regulation
D under the Securities Act) that extends credit or buys loans as one of its businesses including insurance companies, investment or mutual funds and lease financing companies, and having total assets in excess of $1,000,000,000; (d) if no Event
of Default exists, any Person (other than any natural Person); and (e) during the continuation of an Event of Default, any other Person approved by Agent; provided, that, except in connection with the exercise of any purchase right under
Section 10 of the Split Lien Intercreditor Agreement, “Eligible Transferee” shall exclude any holder of any Indebtedness arising under the Split Lien Documents. 
 “Environmental Action” means any written complaint, summons, citation, notice, directive, order, claim, litigation, investigation, judicial or administrative proceeding, judgment, letter,
or other written communication from any Governmental Authority, or any third party involving violations of Environmental Laws or releases of Hazardous Materials (a) from any assets, properties, or businesses of Parent, any Subsidiary of Parent,
or any of their predecessors in interest, (b) from adjoining properties or businesses, or (c) from or onto any facilities which received Hazardous Materials generated by Parent, any Subsidiary of Parent, or any of their predecessors in
interest. 
 “Environmental Law” means any applicable federal, state, provincial, foreign or local statute,
law, rule, regulation, ordinance, code, binding and enforceable guideline, binding and enforceable written policy, or rule of common law now or hereafter in effect and in each case as amended, or any judicial or administrative interpretation
thereof, including any judicial or administrative order, consent decree or judgment, in each case, to the extent binding on Parent or its Subsidiaries, relating to the environment, the effect of the environment on employee health, or Hazardous
Materials, in each case as amended from time to time. 

  
 Schedule 1.1
– Page 16 

 “Environmental Liabilities” means all liabilities, monetary obligations,
losses, damages, costs and expenses (including all reasonable fees, disbursements and expenses of counsel, experts, or consultants, and costs of investigation and feasibility studies), fines, penalties, sanctions, and interest incurred as a result
of any claim or demand, or Remedial Action required, by any Governmental Authority or any third party, and which relate to any Environmental Action. 
 “Environmental Lien” means any Lien in favor of any Governmental Authority for Environmental Liabilities. 
 “Equipment” means equipment (as that term is defined in the Code). 
 “Equity Interest” means, with respect to a Person, all of the shares, options, warrants, interests, participations, or other equivalents (regardless of how designated) of or in such
Person, whether voting or nonvoting, including capital stock (or other ownership or profit interests or units), preferred stock, or any other “equity security” (as such term is defined in Rule 3a11-1 of the General Rules and Regulations
promulgated by the SEC under the Exchange Act). 
 “ERISA” means the Employee Retirement Income Security Act of
1974, as amended, and any successor statute thereto. 
 “ERISA Affiliate” means (a) any Person subject to
ERISA whose employees are treated as employed by the same employer as the employees of Parent or its Subsidiaries under IRC Section 414(b), (b) any trade or business subject to ERISA whose employees are treated as employed by the same
employer as the employees of Parent or its Subsidiaries under IRC Section 414(c), (c) solely for purposes of Section 302 of ERISA and Section 412 of the IRC, any organization subject to ERISA that is a member of an affiliated
service group of which Parent or any of its Subsidiaries is a member under IRC Section 414(m), or (d) solely for purposes of Section 302 of ERISA and Section 412 of the IRC, any Person subject to ERISA that is a party to an
arrangement with Parent or any of its Subsidiaries and whose employees are aggregated with the employees of Parent or its Subsidiaries under IRC Section 414(o). 
 “Event of Default” has the meaning specified therefor in Section 8 of the Agreement. 
 “Exchange Act” means the Securities Exchange Act of 1934, as in effect from time to time. 
 “Excluded Taxes” means (i) any tax imposed on the net income or net profits of any Lender or any Participant (including any branch profits taxes), in each case imposed by the
jurisdiction (or by any political subdivision or taxing authority thereof) in which such Lender or such Participant is organized or the jurisdiction (or by any political subdivision or taxing authority thereof) in which such Lender’s or such
Participant’s principal office is located in each case as a result of a present or former connection between such Lender or such Participant and the jurisdiction or taxing authority imposing the tax (other than any such connection arising
solely from such Lender or such Participant having executed, delivered or performed its obligations or received payment under, or enforced its rights or remedies under the Agreement or 

  
 Schedule 1.1
– Page 17 

 
any other Loan Document); (ii) taxes resulting from a Lender’s or a Participant’s failure to comply with the requirements of Section 16.2 of the Agreement, and
(iii) any United States federal withholding taxes that would be imposed on amounts payable to a Foreign Lender based upon the applicable withholding rate in effect at the time such Foreign Lender becomes a party to the Agreement (or designates
a new lending office), except that Taxes shall include (A) any amount that such Foreign Lender (or its assignor, if any) was previously entitled to receive pursuant to Section 16.1 of the Agreement, if any, with respect to such
withholding tax at the time such Foreign Lender becomes a party to the Agreement (or designates a new lending office), and (B) additional United States federal withholding taxes that may be imposed after the time such Foreign Lender becomes a
party to the Agreement (or designates a new lending office), as a result of a change in law, rule, regulation, order or other decision with respect to any of the foregoing by any Governmental Authority. 

“Existing Agent” means Wells Fargo Capital Finance, LLC in its capacity as the administrative agent to the Existing
Lenders. 
 “Existing Bank Product Obligations” means “Bank Product Obligations” as defined in the
Existing Loan Agreement. 
 “Existing Lenders” means the financial institutions party to the Existing Loan
Agreement, and each of their respective successors and assigns. 
 “Existing Letter of Credit” has the meaning
set forth in Section 2.11(n). 
 “Existing Loan Agreement” means that certain Credit Agreement
dated as of May 22, 2012 by and among Existing Agent, as Administrative Agent, Existing Agent and General Electric Capital Corporation as Co-Collateral Agents, the lenders party thereto and Borrowers as amended from time to time. 

“Existing Loan Documents” all documents, agreements and orders that evidence or govern the Existing Secured Obligations,
including, without limitation, the items described on Schedule E-2, in each case, as the same has been amended, restated, supplemented or otherwise modified from time to time. 

“Existing Secured Obligations” means all outstanding principal, accrued interest, accrued fees and expenses and any
other indebtedness and amounts owing to Existing Lenders (or the agents therefor) under the Existing Loan Documents and all Existing Bank Product Obligations. 
 “Existing Split Lien Agent” means the “Term Loan Agent” as defined in the Existing Split Lien Intercreditor Agreement. 

“Existing Split Lien Credit Agreement” means that certain Credit Agreement dated as of May 22, 2012, by and among
Borrowers, Select Agendas, Corp., Existing Split Lien Agent and the lenders from time to time party thereto, as amended from time to time to the extent permitted under the Existing Split Lien Intercreditor Agreement. 

  
 Schedule 1.1
– Page 18 

 “Existing Split Lien Documents” means the “Term Loan Documents”
as defined in the Split Lien Intercreditor Agreement (as in effect on the date hereof). 
 “Existing Split Lien
Indebtedness” means “Term Loan Debt” as defined in the Existing Split Lien Intercreditor Agreement. 

“Existing Split Lien Intercreditor Agreement” means that certain Intercreditor Agreement dated as May 22, 2012,
between Existing Agent and Existing Split Lien Agent and acknowledged by the Loan Parties, as amended or modified from time to time. 
 “Existing Split Lien Priority Collateral” means the “Term Loan Priority Collateral” as defined in the Existing Split Lien Intercreditor Agreement. 

“Extraordinary Advances” has the meaning specified therefor in Section 2.3(d)(ii) of the Agreement.

 “Extraordinary Receipts” means (a) so long as no Event of Default has occurred and is continuing,
proceeds of judgments, proceeds of settlements, or other consideration of any kind received in connection with any cause of action or claim, and (b) if an Event of Default has occurred and is continuing, any payments received by Parent or any
of its Subsidiaries not in the ordinary course of business (and not consisting of proceeds described in Section 2.4(e)(ii) of the Agreement) consisting of (i) proceeds of judgments, proceeds of settlements, or other consideration of
any kind received in connection with any cause of action or claim, (ii) indemnity payments (other than to the extent such indemnity payments are immediately payable to a Person that is not an Affiliate of Parent or any of its Subsidiaries, and
(iii) any purchase price adjustment received in connection with any purchase agreement. 
 “Fee Letter”
means that certain fee letter, dated as of even date with the Agreement, between Borrowers and Agent, in form and substance satisfactory to Agent. 
 “Federal Funds Rate” means, for any period, a fluctuating interest rate per annum equal to, for each day during such period, the weighted average of the rates on overnight Federal funds
transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business
Day, the average of the quotations for such day on such transactions received by Agent from three Federal funds brokers of recognized standing selected by it. 
 “Filing Date” has the meaning set forth in the recitals hereto. 

“Final Order” means the order of the Bankruptcy Court entered in the Bankruptcy Cases after a final hearing (assuming
satisfaction of the standards prescribed in Section 364 of the Bankruptcy Code and Bankruptcy Rule 4001 and other applicable law), which order is in effect and not stayed, in the form attached as Exhibit F-1, modified only to include
provisions of the Interim Order that are not to be effective until the entry of the “Final Order” (as defined in the Interim Order). 

  
 Schedule 1.1
– Page 19 

 “Financing Order” means, (i) until the entry of the Final Order, the
Interim Order, and (ii) after the entry of the Final Order, the Final Order, together with (a) all non-material amendments, modifications and supplements to such Interim Order or Final Order, as applicable, which are acceptable to Agent in
its sole and absolute discretion and (b) all material amendments, modifications and supplements to such Interim Order or Final Order, as applicable, which are acceptable to each Lender. 

“Flow of Funds Agreement” means a flow of funds agreement, dated as of even date herewith, in form and substance
reasonably satisfactory to Agent, executed and delivered by each Loan Party and Agent. 
 “Foreign Lender”
means any Lender or Participant that is not a United States person within the meaning of IRC section 7701(a)(30). 

“Frey Scientific” means the marketing unit that is a sub-segment of the Delta Business that offers a line of science
supplies and equipment for k-12 classrooms and science labs, as well as lab design services and furniture. 
 “Funding
Date” means the date on which a Borrowing occurs. 
 “Funding Losses” has the meaning specified
therefor in Section 2.12(b)(ii) of the Agreement. 
 “FX and Currency Option Obligations” means any
and all obligations of the Borrowers and their Subsidiaries, whether absolute or contingent and howsoever and whenever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor),
under any and all agreements, devices or arrangements designed to protect any Borrower or any of their Subsidiaries from variations in the comparative value of currencies, including foreign exchange purchase and future purchase transactions,
currency options, currency swaps and cross currency rate swaps. 
 “GECC” means General Electric Capital
Corporation, a Delaware corporation. 
 “GAAP” means generally accepted accounting principles as in effect from
time to time in the United States, consistently applied. 
 “Governing Documents” means, with respect to any
Person, the certificate or articles of incorporation, by-laws, or other organizational documents of such Person. 

“Governmental Authority” means any federal, state, local, or other governmental or administrative body, instrumentality,
board, department, or agency or any court, tribunal, administrative hearing body, arbitration panel, commission, or other similar dispute-resolving panel or body. 
 “Guarantor” means (a) each Subsidiary of Parent (other than a Borrower) and (b) each other Person that becomes a guarantor of the Obligations after the Closing Date pursuant to
Section 5.11 of the Agreement. 

  
 Schedule 1.1
– Page 20 

 “Guaranty and Security Agreement” means a guaranty and security agreement,
dated as of even date with the Agreement, in form and substance reasonably satisfactory to Co-Collateral Agents, executed and delivered by each Borrower and each Guarantor to Agent. 

“Hazardous Materials” means (a) substances that are defined or listed in, or otherwise classified pursuant to, any
applicable laws or regulations as “hazardous substances,” “hazardous materials,” “hazardous wastes,” “toxic substances,” or any other formulation intended to define, list, or classify substances by reason of
deleterious properties such as ignitability, corrosivity, reactivity, carcinogenicity, reproductive toxicity, or “EP toxicity”, (b) oil, petroleum, or petroleum derived substances, natural gas, natural gas liquids, synthetic gas,
drilling fluids, produced waters, and other wastes associated with the exploration, development, or production of crude oil, natural gas, or geothermal resources, (c) any flammable substances or explosives or any radioactive materials, and
(d) asbestos in any form or electrical equipment that contains any oil or dielectric fluid containing levels of polychlorinated biphenyls in excess of 50 parts per million. 

“Health Business” means a segment of the Accelerated Learning Business that offers physical education and health
solutions under the SPARK brand. 
 “Hedge Agreement” means a “swap agreement” as that term is
defined in Section 101(53B)(A) of the Bankruptcy Code. 
 “Hedge Obligations” means any and all
obligations or liabilities, whether absolute or contingent, due or to become due, now existing or hereafter arising, of Parent or its Subsidiaries arising under, owing pursuant to, or existing in respect of Hedge Agreements entered into with one or
more of the Hedge Providers. 
 “Hedge Provider” means any Lender or any of its Affiliates; provided,
that no such Person shall constitute a Hedge Provider unless and until (x) in the case of Wells Fargo or its Affiliates, Agent shall have received a Bank Product Provider Agreement from such Person and with respect to the applicable Hedge
Agreement prior to the date that is 10 days after the execution and delivery of such Hedge Agreement with Parent or its Subsidiaries, or (y) in the case of any other Person, Agent shall have received a Bank Product Provider Agreement from such
Person and with respect to the applicable Hedge Agreement within 10 days after the execution and delivery of such Hedge Agreement with Parent or its Subsidiaries; provided further, that if, at any time, a Lender ceases to be a Lender
under the Agreement, then, from and after the date on which it ceases to be a Lender thereunder, neither it nor any of its Affiliates shall constitute Hedge Providers and the obligations with respect to Hedge Agreements entered into with such former
Lender or any of its Affiliates shall no longer constitute Hedge Obligations. 
 “Indebtedness” as to any
Person means (a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes, or other similar instruments and all reimbursement or other obligations in respect of letters of
credit, bankers acceptances, or other financial products, (c) all obligations of such Person as a lessee under Capital Leases, (d) all obligations or liabilities of others secured by a Lien on any

  
 Schedule 1.1
– Page 21 

 
asset of such Person, irrespective of whether such obligation or liability is assumed, (e) all obligations of such Person to pay the deferred purchase price of assets (other than trade
payables incurred in the ordinary course of business and repayable in accordance with customary trade practices and, for the avoidance of doubt, other than royalty payments payable in the ordinary course of business in respect of non-exclusive
licenses), (f) all monetary obligations of such Person owing under Hedge Agreements (which amount shall be calculated based on the amount that would be payable by such Person if the Hedge Agreement were terminated on the date of determination),
(g) any Disqualified Equity Interests of such Person, and (h) any obligation of such Person guaranteeing or intended to guarantee (whether directly or indirectly guaranteed, endorsed, co-made, discounted, or sold with recourse) any
obligation of any other Person that constitutes Indebtedness under any of clauses (a) through (g) above; provided that reimbursement obligations with respect to Permitted Surety Bonds that have not been drawn shall not constitute
Indebtedness. For purposes of this definition, (i) the amount of any Indebtedness represented by a guaranty or other similar instrument shall be the lesser of the principal amount of the obligations guaranteed and still outstanding and the
maximum amount for which the guaranteeing Person may be liable pursuant to the terms of the instrument embodying such Indebtedness, and (ii) the amount of any Indebtedness which is limited or is non-recourse to a Person or for which recourse is
limited to an identified asset shall be valued at the lesser of (A) if applicable, the limited amount of such obligations, and (B) if applicable, the fair market value of such assets securing such obligation. 

“Indemnified Liabilities” has the meaning specified therefor in Section 10.3 of the Agreement. 

“Indemnified Person” has the meaning specified therefor in Section 10.3 of the Agreement. 

“Indemnified Taxes” means, any Taxes other than Excluded Taxes. 

“Insolvency Proceeding” means any proceeding commenced by or against any Person under any provision of the Bankruptcy
Code or under any other state or federal bankruptcy or insolvency law, assignments for the benefit of creditors, formal or informal moratoria, compositions, extensions generally with creditors, or proceedings seeking reorganization, arrangement, or
other similar relief (including the Bankruptcy Cases). 
 “Intercompany Subordination Agreement” means an
intercompany subordination agreement, dated as of even date with the Agreement, executed and delivered by Parent, each of its Subsidiaries each of the other Loan Parties, and Agent, the form and substance of which is reasonably satisfactory to
Agent. 
 “Interest Period” means, with respect to each LIBOR Rate Loan, a period commencing on the date of the
making of such LIBOR Rate Loan (or the continuation of a LIBOR Rate Loan or the conversion of a Base Rate Loan to a LIBOR Rate Loan) and ending 14 days or 1, 2, 3 or 6 months thereafter; provided, that (a) interest shall accrue at the
applicable rate based upon the LIBOR Rate from and including the first day of each Interest Period to, but excluding, the day on which any Interest Period expires, (b) any Interest Period that would end

  
 Schedule 1.1
– Page 22 

 
on a day that is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on
the next preceding Business Day, (c) with respect to an Interest Period of a month or greater 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), the Interest Period shall end on the last Business Day of the calendar month that is 1, 2, 3 or 6 months after the date on which the Interest Period began, as applicable, and (d) Borrowers may not elect an Interest
Period which will end after the Maturity Date. 
 “Interim Order” means the order of the Bankruptcy Court
entered in the Bankruptcy Cases after an interim hearing (assuming satisfaction of the standards prescribed in Section 364 of the Bankruptcy Code and Bankruptcy Rule 4001 and other applicable law), which order is in effect and not stayed, in
the form attached as Exhibit F-1. 
 “Inventory” means inventory (as that term is defined in the Code).

 “Inventory Reserves” means, as of any date of determination, (a) Landlord Reserves, and (b) those
reserves that Co-Collateral Agents deem necessary or appropriate, in their Permitted Discretion and subject to Section 2.1(c), to establish and maintain (including reserves for slow moving Inventory and Inventory shrinkage) with respect
to Eligible Inventory or the Maximum Revolver Amount. 
 “Investment” means, with respect to any Person, any
investment by such Person in any other Person (including Affiliates) in the form of loans, guarantees, advances, capital contributions (excluding (a) commission, travel, and similar advances to officers and employees of such Person made in the
ordinary course of business, and (b) bona fide accounts receivable arising in the ordinary course of business), or acquisitions of Indebtedness, Equity Interests, or all or substantially all of the assets of such other Person (or of any
division or business line of such other Person), and any other items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP. The amount of any Investment shall be the original cost of such Investment plus
the cost of all additions thereto, without any adjustment for increases or decreases in value, or write-ups, write-downs, or write-offs with respect to such Investment. 
 “IRC” means the Internal Revenue Code of 1986, as in effect from time to time. 
 “ISP” means, with respect to any Letter of Credit, the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice (or
such later version thereof as may be in effect at the time of issuance). 
 “Issuer Document” means, with
respect to any Letter of Credit, a letter of credit application, a letter of credit agreement, or any other document, agreement or instrument entered into (or to be entered into) by a Borrower in favor of Issuing Lender or Underlying Issuer and
relating to such Letter of Credit. 
 “Issuing Lender” means WFCF or any other Lender that, at the request of
Administrative Borrower and with the consent of Agent, agrees, in such Lender’s sole discretion, to become an Issuing Lender for the purpose of issuing Letters of Credit or Reimbursement Undertakings pursuant to Section 2.11 of the
Agreement and Issuing Lender shall be a Lender. 

  
 Schedule 1.1
– Page 23 

 “Landlord Reserve” means, as to each location at which any Loan Party has
Inventory or books and records located and as to which a Collateral Access Agreement has not been received by Agent, (x) in the case of real property leased by the applicable Borrower, a reserve in an amount equal to the greater of (a) the
number of months’ rent for which the landlord will have, under applicable law, a Lien in the Inventory of such Loan Party to secure the payment of rent or other amounts under the lease relative to such location, and (b) 3 months’ rent
under the lease relative to such location and (y) in the case of any other location, a reserve in an amount determined by Co-Collateral Agents in their Permitted Discretion. 

“Lease” means a lease, license, concession, occupancy agreement or other agreement (written or oral, now or at any time
in effect) which grants to any Person a possessory interest in, or the right to use, all or any part of a parcel of Real Property. 
 “Leased Real Property” means any leasehold interest in Real Property of any Loan Party as lessee, sublessee or the like under any Lease. 

“Lender” has the meaning set forth in the preamble to the Agreement, shall include Issuing Lender and the Swing Lender,
and shall also include any other Person made a party to the Agreement pursuant to the provisions of Section 13.1 of the Agreement and “Lenders” means each of the Lenders or any one or more of them. 

“Lender Group” means each of the Lenders (including Issuing Lender and the Swing Lender), each of the Co-Collateral
Agents and Agent, or any one or more of them. 
 “Lender Group Expenses” means all (a) costs or expenses
(including taxes and insurance premiums) required to be paid by Parent or its Subsidiaries under any of the Loan Documents that are paid, advanced, or incurred by the Lender Group, (b) documented out-of-pocket fees or charges paid or incurred
by Agent and each Co-Collateral Agent in connection with the Lender Group’s transactions with Parent or its Subsidiaries under any of the Loan Documents, including, fees or charges for background checks, OFAC/PEP searches, photocopying,
notarization, couriers and messengers, telecommunication, public record searches, filing fees, recording fees, publication, appraisal (including periodic collateral appraisals or business valuations to the extent of the fees and charges (and up to
the amount of any limitation) contained in the Agreement or the Fee Letter), real estate surveys, real estate title policies and endorsements, and environmental audits, (c) Agent’s customary fees and charges (as adjusted from time to time)
with respect to the disbursement of funds (or the receipt of funds) to or for the account of Borrowers (whether by wire transfer or otherwise), together with any out-of-pocket costs and expenses incurred in connection therewith, (d) customary
charges imposed or incurred by Agent resulting from the dishonor of checks payable by or to any Loan Party, (e) reasonable documented out-of-pocket costs and expenses paid or incurred by the Lender Group to correct any default or enforce any
provision of the Loan Documents, or during the continuance of an Event of Default, in gaining possession of, maintaining, handling, preserving, storing, shipping, selling, preparing for sale, or advertising to sell the Collateral, or any portion
thereof, irrespective 

  
 Schedule 1.1
– Page 24 

 
of whether a sale is consummated, (f) field examination, appraisal, and valuation fees and expenses of Agent and each Co-Collateral Agent related to any field examinations, appraisals, or
valuation to the extent of the fees and charges (and up to the amount of any limitation) provided in Section 2.10 of the Agreement, (g) Agent’s reasonable costs and expenses (including reasonable documented attorneys’ fees
and expenses) relative to third party claims or any other lawsuit or adverse proceeding paid or incurred, whether in enforcing or defending the Loan Documents or otherwise in connection with the transactions contemplated by the Loan Documents,
Agent’s Liens in and to the Collateral, or the Lender Group’s relationship with Parent or any of its Subsidiaries, (h) Agent’s and each Co-Collateral Agent’s reasonable documented costs and expenses (including reasonable
documented attorneys’ fees and due diligence expenses) incurred in advising, structuring, drafting, reviewing, administering (including travel, meals, and lodging), syndicating (including reasonable costs and expenses relative to CUSIP,
DXSyndicateTM, SyndTrak or other communication costs incurred in connection with a syndication of the loan facilities), or amending, waiving, or modifying the Loan Documents, (i) Agent’s, each Co-Collateral Agent and each Lender’s
reasonable documented costs and expenses (including reasonable documented attorneys’, accountants’, consultants’, and other advisors’ fees and expenses) incurred in terminating, enforcing (including attorneys, accountants,
consultants, and other advisors fees and expenses incurred in connection with any of the Bankruptcy Cases or with such other “workout,” a “restructuring,” or an Insolvency Proceeding concerning Parent or any of its Subsidiaries
or in exercising rights or remedies under the Loan Documents), or defending the Loan Documents, irrespective of whether a lawsuit or other adverse proceeding is brought, or in taking any enforcement action or any Remedial Action with respect to the
Collateral, including any such costs and expenses incurred in connection with any action to lift the automatic stay of Section 362 of the Bankruptcy Code, or any other action or participation by any member of the Lender Group in the Bankruptcy
Cases, including any contested matters or adversary proceedings, to the extent related to any of the foregoing, and (j) the fees, charges, commissions and costs provided for in Section 2.11(j) of the Agreement (including any
fronting fees) and all other fees, charges, commissions, costs and expenses for amendments, renewals, extensions, transfers, or drawings from time to time charged by the Underlying Issuer or incurred or charged by Issuing Lender in respect of
Letters of Credit and out-of-pocket fees, costs, and expenses charged by the Underlying Issuer or incurred or charged by Issuing Lender in connection with the issuance, amendment, renewal, extension, or transfer of, or drawing under, any Letter of
Credit or any demand for payment thereunder. 
 “Lender Group Representatives” has the meaning specified
therefor in Section 17.9 of the Agreement. 
 “Lender-Related Person” means, with respect to any
Lender, such Lender, together with such Lender’s Affiliates, officers, directors, employees, attorneys, and agents. 

“Letter of Credit” means a letter of credit (as that term is defined in the Code) issued by Issuing Lender or a letter
of credit (as that term is defined in the Code) issued by Underlying Issuer, as the context requires. 
 “Letter of
Credit Collateralization” means either (a) providing cash collateral (pursuant to documentation reasonably satisfactory to Agent, including provisions that specify 

  
 Schedule 1.1
– Page 25 

 
that the Letter of Credit Fees and all fees, charges and commissions provided for in Section 2.11(j) of the Agreement (including any fronting fees) will continue to accrue while the
Letters of Credit are outstanding) to be held by Agent for the benefit of the Revolving Lenders in an amount equal to 110% of the then existing Letter of Credit Usage, (b) delivering to Agent documentation executed by all beneficiaries under
the Letters of Credit, in form and substance reasonably satisfactory to Agent and Issuing Lender, terminating all of such beneficiaries’ rights under the Letters of Credit, or (c) providing Agent with a standby letter of credit, in form
and substance reasonably satisfactory to Agent, from a commercial bank acceptable to Agent (in its sole discretion) in an amount equal to 110% of the then existing Letter of Credit Usage (it being understood that the Letter of Credit Fee and all
fronting fees set forth in the Agreement will continue to accrue while the Letters of Credit are outstanding and that any such fees that accrue must be an amount that can be drawn under any such standby letter of credit). 

“Letter of Credit Disbursement” means a payment made by Issuing Lender or Underlying Issuer pursuant to a Letter of
Credit. 
 “Letter of Credit Exposure” means, as of any date of determination with respect to any Lender, such
Lender’s Pro Rata Share of the Letter of Credit Usage on such date. 
 “Letter of Credit Fee” has the
meaning specified therefor in Section 2.6(b) of the Agreement. 
 “Letter of Credit Usage” means,
as of any date of determination, the aggregate undrawn amount of all outstanding Letters of Credit. 
 “LIBOR
Deadline” has the meaning specified therefor in Section 2.12(b)(i) of the Agreement. 
 “LIBOR
Notice” means a written notice in the form of Exhibit L-1. 
 “LIBOR Option” has the meaning
specified therefor in Section 2.12(a) of the Agreement. 
 “LIBOR Rate” means the rate per annum
rate appearing on Macro*World’s (www.mworld.com; the “Service”) Page BBA LIBOR - USD (or on any successor or substitute page of such Service, or any successor to or substitute for such Service) 2 Business Days prior to the
commencement of the requested Interest Period, for a term, and in an amount, comparable to the Interest Period and the amount of the LIBOR Rate Loan requested (whether as an initial LIBOR Rate Loan or as a continuation of a LIBOR Rate Loan or as a
conversion of a Base Rate Loan to a LIBOR Rate Loan) by Borrowers in accordance with the Agreement (and, if any such rate is below zero, the LIBOR Rate shall be deemed to be zero), which determination shall be made by Agent and shall be conclusive
in the absence of manifest error. 
 “LIBOR Rate Loan” means each portion of a Revolving Loan that bears
interest at a rate determined by reference to the LIBOR Rate. 

  
 Schedule 1.1
– Page 26 

 “LIBOR Rate Margin” has the meaning set forth in the definition of
Applicable Margin. 
 “Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment, charge,
deposit arrangement, encumbrance, easement, lien (statutory or other), security interest, or other security arrangement and any other preference, priority, or preferential arrangement of any kind or nature whatsoever, including any conditional sale
contract or other title retention agreement, the interest of a lessor under a Capital Lease and any synthetic or other financing lease having substantially the same economic effect as any of the foregoing, including all “liens” as defined
by Section 101(37) of the Bankruptcy Code. 
 “Loan” shall mean any Revolving Loan (including any Swing
Loan or Extraordinary Advance) made (or to be made) hereunder. 
 “Loan Account” has the meaning specified
therefor in Section 2.9 of the Agreement. 
 “Loan Documents” means the Agreement, the Financing
Order, the Control Agreements, the Copyright Security Agreement, any Borrowing Base Certificate, the Fee Letter, the Guaranty and Security Agreement, the Intercompany Subordination Agreement, any Issuer Documents, the Letters of Credit, the
Mortgages, the Patent Security Agreement, the Trademark Security Agreement, any note or notes executed by a Borrower in connection with the Agreement and payable to any member of the Lender Group, and any other instrument or agreement entered into,
now or in the future, by Parent or any of its Subsidiaries and any member of the Lender Group in connection with the Agreement. 

“Loan Party” means any Borrower or any Guarantor. 

“Management Incentive Plan” means the management incentive plan proposed by the Loan Parties and in form and substance
acceptable to Agent and Required Lenders. 
 “Margin Stock” as defined in Regulation U of the Board of
Governors as in effect from time to time. 
 “Material Adverse Effect” means (a) a material adverse effect
in the business, operations, results of operations, assets, liabilities or financial condition of Parent and its Subsidiaries, taken as a whole, or the Accelerated Learning Business taken as a whole, in each instance except for the filing,
commencement and continuation of the Bankruptcy Cases and the events that customarily result from the filing, commencement and continuation of the Bankruptcy Cases (including any litigation resulting therefrom), (b) a material impairment of
Parent’s and its Subsidiaries’ ability to perform their obligations under the Loan Documents to which they are parties or of the Lender Group’s ability to enforce the Obligations or realize upon the Collateral (other than as a result
of as a result of an action taken or not taken that is solely in the control of Agent), or (c) a material impairment of the enforceability or priority of Agent’s Liens with respect to all or a material portion of the Collateral as a result
of an action or failure to act on the part of Parent or its Subsidiaries. 

  
 Schedule 1.1
– Page 27 

 “Maturity Date” means June 30, 2013. 

“Maximum Revolver Amount” means $175,000,000, decreased by the amount of reductions in the Revolver Commitments made in
accordance with Section 2.4(c) of the Agreement. 
 “Milestones” has the meaning set forth in
Section 5.16. 
 “Moody’s” has the meaning specified therefor in the definition of Cash Equivalents.

 “Mortgages” means, individually and collectively, one or more mortgages, deeds of trust, or deeds to secure
debt, executed and delivered by Parent or its Subsidiaries in favor of Agent, in form and substance reasonably satisfactory to Co-Collateral Agents, that encumber the Real Property Collateral. 

“Net Cash Proceeds” means: 
 (a) with respect to any sale or disposition by Parent or any of its Subsidiaries of assets, the amount of cash proceeds received (directly or indirectly) from time to time (whether as initial
consideration or through the payment of deferred consideration) by or on behalf of Parent or its Subsidiaries, in connection therewith after deducting therefrom only (i) the amount of any Indebtedness secured by any Permitted Lien on any asset
(other than (A) Indebtedness owing to Agent, any Co-Collateral Agent or any Lender under the Agreement or the other Loan Documents, (B) Indebtedness under the Split Lien Documents and (C) Indebtedness assumed by the purchaser of such
asset) which is required to be, and is, repaid in connection with such sale or disposition, (ii) reasonable fees, commissions, and expenses in the Budget related thereto and required to be paid by Parent or such Subsidiary in connection with
such sale or disposition, (iii) taxes paid or payable to any taxing authorities by Parent or such Subsidiary in connection with such sale or disposition, in each case to the extent, but only to the extent, that the amounts so deducted are, at
the time of receipt of such cash, actually paid or payable to a Person that is not an Affiliate of Parent or any of its Subsidiaries, and are properly attributable to such transaction; and (iv) all amounts that are set aside as a reserve
(A) for adjustments in respect of the purchase price of such assets, (B) for any liabilities associated with such sale or casualty, to the extent such reserve is required by GAAP, and (C) for the payment of unassumed liabilities
relating to the assets sold or otherwise disposed of at the time of, or within 30 days after, the date of such sale or other disposition, to the extent that in each case the funds described above in this clause (iv) are (x) consented to by
Agent in advance in writing and deposited into escrow with a third party escrow agent or set aside in a separate Deposit Account that is subject to a Control Agreement in favor of Agent and (y) paid to Agent as a prepayment of the applicable
Obligations in accordance with Section 2.4(e) of the Agreement at such time when such amounts are no longer required to be set aside as such a reserve; and 
 (b) with respect to the issuance or incurrence of any Indebtedness by Parent or any of its Subsidiaries, or the issuance by Parent or any of its Subsidiaries of any Equity Interests, the aggregate amount
of cash received (directly or indirectly) from time to time 

  
 Schedule 1.1
– Page 28 

 
(whether as initial consideration or through the payment or disposition of deferred consideration) by or on behalf of Parent or such Subsidiary in connection with such issuance or incurrence,
after deducting therefrom only (i) reasonable fees, commissions, and expenses in the Budget related thereto and required to be paid by Parent or such Subsidiary in connection with such issuance or incurrence, (ii) taxes paid or payable to
any taxing authorities by Parent or such Subsidiary in connection with such issuance or incurrence, in each case to the extent, but only to the extent, that the amounts so deducted are, at the time of receipt of such cash, actually paid or payable
to a Person that is not an Affiliate of Parent or any of its Subsidiaries, and are properly attributable to such transaction. 

“Net Recovery Percentage” means, as of any date of determination, the percentage of the book value of any category of
Borrowers’ Inventory that is estimated to be recoverable in an orderly liquidation of such Inventory net of all associated costs and expenses of such liquidation, such percentage to be determined as to each category of Inventory and to be as
specified in the most recent appraisal received by Agent from an appraisal company selected by Co-Collateral Agents, it being acknowledged and agreed that such percentages shall, to the extent set forth in such appraisal, vary between the
“busy” season (initially, which shall be deemed to be the period commencing on May 1st through September 30 of each year or, thereafter, 30 days prior to the corresponding dates of the “busy” season set forth in any
subsequent appraisal) and the “non-busy” season. For avoidance of doubt, Inventory of the type that Borrowers then have a supply of 52 weeks or more and less than 104 weeks (based on sales over the then preceding 12 consecutive month
period) shall be considered one category and Inventory of the type that Borrowers then have a supply of more than 104 weeks (based on sales over the then preceding 12 consecutive month period) shall be considered a separate category. 

“Non-Consenting Lender” has the meaning specified therefor in Section 14.2(a) of the Agreement. 

“Non-Defaulting Lender” means each Lender other than a Defaulting Lender. 

“Obligations” means (a) all loans (including the Revolving Loans (inclusive of Extraordinary Advances and Swing
Loans)), debts, principal, interest (including any interest that accrues after the commencement of an Insolvency Proceeding, regardless of whether allowed or allowable in whole or in part as a claim in any such Insolvency Proceeding), reimbursement
or indemnification obligations with respect to Reimbursement Undertakings or with respect to Letters of Credit (irrespective of whether contingent), premiums, liabilities (including all amounts charged to the Loan Account pursuant to the Agreement),
obligations (including indemnification obligations), fees (including the fees provided for in the Fee Letter), Lender Group Expenses (including any fees or expenses that accrue after the commencement of an Insolvency Proceeding, regardless of
whether allowed or allowable in whole or in part as a claim in any such Insolvency Proceeding), guaranties, and all covenants and duties of any other kind and description owing by any Loan Party arising out of, under, pursuant to, in connection
with, or evidenced by the Agreement or any of the other Loan Documents and irrespective of whether for the payment of money, whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising, and including
all interest not paid when due and all other expenses or other amounts that any Borrower is required to pay or reimburse by the Loan 

  
 Schedule 1.1
– Page 29 

 
Documents or by law or otherwise in connection with the Loan Documents, (b) all debts, liabilities, or obligations (including reimbursement obligations, irrespective of whether contingent)
owing by any Borrower or any other Loan Party to an Underlying Issuer now or hereafter arising from or in respect of an Underlying Letters of Credit, and (c) all Bank Product Obligations. Without limiting the generality of the foregoing, the
Obligations of Borrowers under the Loan Documents include the obligation to pay (i) the principal of the Revolving Loans, (ii) interest accrued on the Revolving Loans, (iii) the amount necessary to reimburse Issuing Lender for amounts
paid or payable pursuant to Letters of Credit or Reimbursement Undertakings and the amount necessary to reimburse Underlying Issuer for amounts paid or payable pursuant to Letters of Credit, (iv) Letter of Credit commissions, charges, expenses,
and fees, (v) Lender Group Expenses, (vi) fees payable under the Agreement or any of the other Loan Documents, and (vii) indemnities and other amounts payable by any Loan Party under any Loan Document. Any reference in the Agreement
or in the Loan Documents to the Obligations shall include all or any portion thereof and any extensions, modifications, renewals, or alterations thereof, both prior and subsequent to any Insolvency Proceeding. 

“OFAC” means The Office of Foreign Assets Control of the U.S. Department of the Treasury. 

“Other Science Projects” means the marketing units that are sub-segments of the Delta Business that offer grade 6-12
learning systems that integrate textbooks, equipment and technology under the CPO Science brand, a supplementary science curriculum under the NEO/SCI brand and SCIS brands, and a math curriculum, supplementary products and manipulatives primarily
under the ThinkMath brand. 
 “Other Statutory Liabilities” means accrued and unpaid statutory liabilities of
the Loan Parties which may result in claims that have lien priority or priority of payment over all or any portion of the Obligations, are a statutory trust and/or which are legally required to be paid prior to the repayment in full of such
Obligations, other than the amount of those liabilities included in the Carveout. 
 “Originating Lender” has
the meaning specified therefor in Section 13.1(e) of the Agreement. 
 “Overadvance” means, as of
any date of determination, that the Revolver Usage is greater than any of the limitations set forth in Section 2.1 or Section 2.11. 
 “Parent” has the meaning specified therefor in the preamble to the Agreement. 
 “Participant” has the meaning specified therefor in Section 13.1(e) of the Agreement. 
 “Participant Register” has the meaning set forth in Section 13.1(i) of the Agreement. 
 “Patent Security Agreement” has the meaning specified therefor in the Guaranty and Security Agreement. 

  
 Schedule 1.1
– Page 30 

 “Patriot Act” has the meaning specified therefor in
Section 4.13 of the Agreement. 
 “Permitted Discretion” means a determination made in the exercise
of reasonable (from the perspective of a secured asset-based lender) business judgment. 
 “Permitted
Dispositions” means: 
 (a) sales, abandonment, or other dispositions of Equipment that is substantially worn, damaged,
or obsolete or no longer used or useful in the ordinary course of business and leases or subleases of Real Property not useful in the conduct of the business of Parent and its Subsidiaries, 

(b) sales of Inventory to buyers in the ordinary course of business, 

(c) the use or transfer of money or Cash Equivalents in a manner that is not prohibited by the terms of the Agreement or the other Loan
Documents, 
 (d) the licensing, on a non-exclusive basis, of patents, trademarks, copyrights, and other intellectual property
rights in the ordinary course of business, 
 (e) any sale or other disposition described in Schedule 5.16 or Schedule
6.4, and 
 (f) the making of Permitted Investments. 

“Permitted Indebtedness” means, without duplication: 

(a) Indebtedness evidenced by the Agreement or the other Loan Documents, as well as Indebtedness owed to Underlying Issuers with respect
to Underlying Letters of Credit, 
 (b) Existing Secured Obligations, including any Indebtedness reinstated by the Bankruptcy
Court and constituting Reinstated Existing Secured Obligations, 
 (c) Indebtedness set forth on Schedule 4.14 to the
Agreement, 
 (d) Permitted Purchase Money Indebtedness, 
 (e) endorsement of instruments or other payment items for deposit, 
 (f) Permitted
Surety Bonds in an aggregate amount not to exceed $30,000,000, 
 (g) Indebtedness permitted to be incurred in accordance with
the Financing Order, 
 (h) the incurrence by Parent or its Subsidiaries of Indebtedness under Hedge Agreements that are incurred
for the bona fide purpose of hedging the interest rate, commodity, or foreign currency risks associated with Parent’s and its Subsidiaries’ operations and not for speculative purposes, 

  
 Schedule 1.1
– Page 31 

 (i) Indebtedness incurred in the ordinary course of business in respect of credit cards,
credit card processing services, debit cards, stored value cards, purchase cards (including so-called “procurement cards” or “P-cards”), or Cash Management Services, 

(j) Indebtedness composing Permitted Investments, 
 (k) Indebtedness outstanding under the Existing Split Lien Documents, 
 (l)
Indebtedness outstanding under the Split Lien Documents (and any refinancing of such Indebtedness to the extent such refinancing is permitted by, and subject to the terms of, the Split Lien Intercreditor Agreement as in effect on the date hereof) in
an aggregate principal amount not to exceed $50,000,000 (plus interest, fees and expenses paid in kind), 
 (m) Indebtedness
under the Convertible Notes in an aggregate principal amount not to exceed $157,500,000 (plus accreted principal), and 
 (n)
accrual of interest, accretion or amortization of original issue discount, or the payment of interest in kind, in each case, on Indebtedness that otherwise constitutes Permitted Indebtedness. 

“Permitted Intercompany Advances” means loans and other Investments made by (a) a Loan Party to another Loan Party
other than Parent, (b) a Subsidiary of Parent that is not a Loan Party to another Subsidiary of Parent that is not a Loan Party, and (c) a Subsidiary of Parent that is not a Loan Party to a Loan Party, so long as the parties thereto are
party to the Intercompany Subordination Agreement. 
 “Permitted Investments” means: 

(a) Investments in cash and Cash Equivalents, 
 (b) Investments in negotiable instruments deposited or to be deposited for collection in the ordinary course of business, 
 (c) advances made in connection with purchases of goods or services in the ordinary course of business, 
 (d) deposits of cash outstanding on the Filing Date made in the ordinary course of business to secure performance of operating leases, 

(e) Permitted Intercompany Advances, 
 (f) Investments owned by any Loan Party or any of its Subsidiaries on the Closing Date and set forth on Schedule P-1 to the Agreement, and 

  
 Schedule 1.1
– Page 32 

 (g) Investments received in settlement of amounts due to any Loan Party or any of its
Subsidiaries effected in the ordinary course of business or owing to any Loan Party or any of its Subsidiaries as a result of Insolvency Proceedings involving an account debtor or upon the foreclosure or enforcement of any Lien in favor of a Loan
Party or its Subsidiaries. 
 “Permitted Liens” means 

(a) Liens granted to, or for the benefit of, Agent to secure the Obligations, 

(b) Liens for unpaid taxes, assessments, or other governmental charges or levies that either (i) are not yet delinquent, or
(ii) do not have priority over Agent’s Liens and the underlying taxes, assessments, or charges or levies are the subject of Permitted Protests, 
 (c) judgment Liens arising solely as a result of the existence of judgments, orders, or awards that do not constitute an Event of Default under Section 8.3 of the Agreement, 

(d) Liens set forth on Schedule P-2 to the Agreement; provided, that to qualify as a Permitted Lien, any such Lien described
on Schedule P-2 to the Agreement shall only secure the Indebtedness that it secures on the Closing Date, 
 (e) the
interests of lessors under operating leases and non-exclusive licensors under license agreements, 
 (f) purchase money Liens or
the interests of lessors under Capital Leases to the extent that such Liens or interests secure Permitted Purchase Money Indebtedness and so long as (i) such Lien attaches only to the asset purchased or acquired and the proceeds thereof, and
(ii) such Lien only secures the Indebtedness that was incurred to acquire the asset purchased or acquired, 
 (g) Liens
arising by operation of law in favor of warehousemen, landlords, carriers, mechanics, materialmen, laborers, or suppliers, incurred in the ordinary course of business and not in connection with the borrowing of money, and which Liens either
(i) are for sums not yet delinquent, or (ii) are the subject of Permitted Protests, 
 (h) Liens on amounts deposited
to secure Parent’s and its Subsidiaries’ obligations in connection with worker’s compensation or other unemployment insurance, 
 (i) Liens on amounts deposited to secure Parent’s and its Subsidiaries’ obligations in connection with the making or entering into of bids, tenders, or leases in the ordinary course of business
and not in connection with the borrowing of money, 
 (j) Liens on amounts deposited to secure Parent’s and its Subsidiaries
reimbursement obligations with respect to Permitted Surety Bonds permitted pursuant to clause (f) of the definition of Permitted Indebtedness, 
 (k) with respect to any Real Property, easements, rights of way, and zoning restrictions that do not materially interfere with or impair the use or operation thereof, 

  
 Schedule 1.1
– Page 33 

 (l) Liens granted or authorized by the Financing Orders, including, without limitation,
replacement Liens granted to Existing Agent, 
 (m) Liens on Collateral securing the Existing Split Lien Indebtedness,

 (n) Liens on Collateral securing the Indebtedness under the Split Lien Documents subject to the Split Lien Intercreditor
Agreement, 
 (o) non-exclusive licenses of patents, trademarks, copyrights, and other intellectual property rights in the
ordinary course of business and in existence on the Filing Date, 
 (p) rights of setoff or bankers’ liens upon deposits of
funds in favor of banks or other depository institutions, solely to the extent incurred in connection with the maintenance of Deposit Accounts that are subject to Control Agreements in the ordinary course of business, 

(q) Liens in favor of customs and revenue authorities arising on or prior to the Filing Date as a matter of law to secure payment of
customs duties not yet delinquent in connection with the importation of goods, and 
 (r) Liens granted to, or for the benefit
of, Agent to secure the Existing Secured Obligations. 
 “Permitted PMM/Capital Lease Debt” means Capitalized
Lease Obligations and purchase money Indebtedness with respect to fixed assets (i) outstanding on the Closing Date and set forth on Schedule 4.14 hereof and described as such on such Schedule and (ii) incurred after the Closing Date in an
aggregate principal amount for all such Capitalized Lease Obligations and purchase money Indebtedness not to exceed $500,000 outstanding at any time, provided that such Capitalized Lease Obligations and purchase money Indebtedness are entered into
in connection with, and at the time of or no later than 20 days after, the acquisition by the Borrowers of equipment useful and used in the ordinary course of the Borrowers’ business and the principal amount of such Capitalized Lease
Obligations and purchase money Indebtedness when incurred does not exceed the purchase price of the property financed, and no such Capitalized Lease Obligations and purchase money Indebtedness shall be refinanced for a principal amount in excess of
the principal amount refinanced. 
 “Permitted Priority Liens” means all Permitted Liens permitted to have
priority over the Liens in favor of Agent and Lenders, solely to the extent that such Liens are valid, perfected and non-avoidable as of the Filing Date, subject to the terms of the Financing Order and otherwise agreed to by Agent. 

“Permitted Protest” means the right of Parent or any of its Subsidiaries to protest any Lien (other than any Lien that
secures the Obligations), taxes (other than payroll taxes or taxes that are the subject of a United States federal tax lien), or rental payment, provided that (a) a reserve with respect to such obligation is established on Parent’s or its
Subsidiaries’ books and records in such amount as is required under GAAP, (b) any such protest is instituted promptly and prosecuted diligently by Parent or its Subsidiary, as applicable, in good faith, and (c) Agent is satisfied
that, while any such protest is pending, there will be no impairment of the enforceability, validity, or priority of any of Agent’s Liens. 

  
 Schedule 1.1
– Page 34 

 “Permitted Purchase Money Indebtedness” means, as of any date of
determination, Indebtedness (other than the Obligations, but including Capitalized Lease Obligations), incurred after the Closing Date and at the time of, or within 20 days after, the acquisition of any fixed assets for the purpose of financing all
or any part of the acquisition cost thereof, in an aggregate principal amount outstanding at any one time not in excess of $500,000. 
 “Permitted Senior Liens” means Permitted Liens which are non-consensual Permitted Liens, permitted purchase money Liens, the interests of lessors under Capital Leases, and, solely with
respect to the Split Lien Priority Collateral, Liens securing the Indebtedness under the Split Lien Documents. 

“Permitted Surety Bonds” means unsecured guarantees and reimbursement obligations incurred in the ordinary course of
business with respect to surety and appeal bonds, performance bonds, bid bonds, appeal bonds, completion guarantee and similar obligations. 
 “Person” means natural persons, corporations, limited liability companies, limited partnerships, general partnerships, limited liability partnerships, joint ventures, trusts, land trusts,
business trusts, or other organizations, irrespective of whether they are legal entities, and governments and agencies and political subdivisions thereof. 
 “Planner Business” means the business unit comprised of Premier Agendas, Inc., Premier School Agendas, Ltd. and Select Agendas, Corp. 

“Platform” has the meaning specified therefor in Section 17.9(c) of the Agreement. 

“Product Development Expense” means, for any period, the capitalized cash investment on product development for such
period. 
 “Professional Fee Line Items” has the meaning specified therefor in Section 6.15 of the
Agreement. 
 “Projected Information” means (i) the projected weekly operating cash receipts for each
week, (ii) the projected weekly disbursements for each week (iii) the projected net weekly cash flow for each week, (iv) the projected weekly net sales for each week, (v) the projected Availability for each week, (v) the
projected aggregate principal amount of Obligations outstanding for each week and (vi) such other information that Agent may request. 
 “Projections” means Parent’s forecasted (a) balance sheets, (b) profit and loss statements, and (c) cash flow statements, all prepared on a basis consistent with
Parent’s historical financial statements, together with appropriate supporting details and a statement of underlying assumptions. 

  
 Schedule 1.1
– Page 35 

 “Pro Rata Share” means, as of any date of determination: 

(a) with respect to a Lender’s obligation to make all or a portion of the Revolving Loans, with respect to such Lender’s right
to receive payments of interest, fees, and principal with respect to the Revolving Loans, and with respect to all other computations and other matters related to the Revolver Commitments or the Revolving Loans, the percentage obtained by dividing
(i) the Revolving Loan Exposure of such Lender by (ii) the aggregate Revolving Loan Exposure of all Lenders, 
 (b)
with respect to a Lender’s obligation to participate in the Letters of Credit, with respect to such Lender’s obligation to reimburse Issuing Lender, and with respect to such Lender’s right to receive payments of Letter of Credit fees,
and with respect to all other computations and other matters related to the Letters of Credit, the percentage obtained by dividing (i) the Revolving Loan Exposure of such Lender by (ii) the aggregate Revolving Loan Exposure of all Lenders;
provided, that if all of the Revolving Loans have been repaid in full and all Revolver Commitments have been terminated, but Letters of Credit remain outstanding, Pro Rata Share under this clause shall be determined as if the Revolver
Commitments had not been terminated and based upon the Revolver Commitments as they existed immediately prior to their termination, and 
 (c) [intentionally omitted] 
 (d) with respect to all other matters and for all
other matters as to a particular Lender (including the indemnification obligations arising under Section 15.7 of the Agreement), the percentage obtained by dividing (i) the Revolving Loan Exposure of such Lender by (ii) the
aggregate Revolving Loan Exposure of all Lenders, in any such case as the applicable percentage may be adjusted by assignments permitted pursuant to Section 13.1; provided, that if all of the Loans have been repaid in full, all
Letters of Credit have been made the subject of Letter of Credit Collateralization, and all Commitments have been terminated, Pro Rata Share under this clause shall be determined as if the Revolving Loan Exposures had not been repaid,
collateralized, or terminated and shall be based upon the Revolving Loan Exposures as they existed immediately prior to their repayment, collateralization, or termination. 
 “Protective Advances” has the meaning specified therefor in Section 2.3(d)(i) of the Agreement. 
 “Public Lender” has the meaning specified therefor in Section 17.9(c) of the Agreement. 
 “Qualified Cash” means, as of any date of determination, the amount of unrestricted cash and Cash Equivalents of Parent and its Subsidiaries that is in Deposit Accounts or in Securities
Accounts, or any combination thereof, and which such Deposit Account or Securities Account is the subject of a Control Agreement and is maintained by a branch office of the bank or securities intermediary located within the United States.

 “Qualified Equity Interest” means and refers to any Equity Interests issued by Parent (and not by one or
more of its Subsidiaries) that is not a Disqualified Equity Interest. 

  
 Schedule 1.1
– Page 36 

 “Rate Hedging Obligations” means any and all obligations of the Borrowers
and their Subsidiaries under (a) any and all agreements, devices or arrangements designed to protect any Borrowers or any of their Subsidiaries from the fluctuations of interest rates, including interest rate exchange agreements, interest rate
cap or collar protection agreements, and interest rate options, puts and warrants, and (b) any and all cancellations, buy backs, reversals, terminations or assignments of any of the foregoing. 

“Reading Business” means the literacy and intervention division of the Accelerated Learning Business. 

“Real Property” means any estates or interests in real property now owned or hereafter acquired by Parent or its
Subsidiaries and the improvements thereto. 
 “Real Property Collateral” means the Real Property identified on
Schedule R-1 to the Agreement and any Real Property hereafter acquired by Parent or its Subsidiaries. 

“Receivable Reserves” means, as of any date of determination, those reserves that Co-Collateral Agents deem necessary or
appropriate, in their Permitted Discretion and subject to Section 2.1(c), to establish and maintain (including reserves for rebates, discounts, warranty claims, and returns) with respect to the Eligible Accounts or the Maximum Revolver
Amount. 
 “Reconcilable Inclusion” means, with respect to the Accelerated Learning Business and the Planner
Business, any inclusion within the Accelerated Learning Business or the Planner Business, respectively, of contracts, rights or other assets that (x) prior to such inclusion, were included in a different Business Segment, or (y) in the
case of contracts, rights or other assets not previously included in a different Business Segment, are not consistent with the then-existing other contracts, rights and other assets of the Accelerated Learning Business or the Planner Business,
respectively. 
 “Record” means information that is inscribed on a tangible medium or that is stored in an
electronic or other medium and is retrievable in perceivable form. 
 “Refinancing Indebtedness” means
refinancings, renewals, or extensions of Indebtedness so long as: 
 (a) such refinancings, renewals, or extensions do not result
in an increase in the principal amount of the Indebtedness so refinanced, renewed, or extended, other than by the amount of premiums paid thereon and the fees and expenses incurred in connection therewith and by the amount of unfunded commitments
with respect thereto, 
 (b) such refinancings, renewals, or extensions do not result in a shortening of the average weighted
maturity (measured as of the refinancing, renewal, or extension) of the Indebtedness so refinanced, renewed, or extended, nor are they on terms or conditions that, taken as a whole, are or could reasonably be expected to be materially adverse to the
interests of the Lenders, 

  
 Schedule 1.1
– Page 37 

 (c) if the Indebtedness that is refinanced, renewed, or extended was subordinated in right
of payment to the Obligations, then the terms and conditions of the refinancing, renewal, or extension must include subordination terms and conditions that are at least as favorable to the Lender Group as those that were applicable to the
refinanced, renewed, or extended Indebtedness, and 
 (d) the Indebtedness that is refinanced, renewed, or extended is not
recourse to any Person that is liable on account of the Obligations other than those Persons which were obligated with respect to the Indebtedness that was refinanced, renewed, or extended. 

“Register” has the meaning set forth in Section 13.1(h) of the Agreement. 

“Registered Loan” has the meaning set forth in Section 13.1(h) of the Agreement. 

“Reimbursement Undertaking” has the meaning specified therefor in Section 2.11(a) of the Agreement.

 “Reinstated Existing Secured Obligations” means any Existing Secured Obligations constituting Avoided
Payments, to the extent such obligations have been reinstated, in each case, pursuant to, and subject to the requirements and terms of the Bankruptcy Court. 
 “Related Fund” means any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary
course and that is administered, advised or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers, advises or manages a Lender. 

“Remedial Action” means all actions taken to (a) clean up, remove, remediate, contain, treat, monitor, assess,
evaluate, or in any way address Hazardous Materials in the indoor or outdoor environment, (b) prevent or minimize a release or threatened release of Hazardous Materials so they do not migrate or endanger or threaten to endanger public health or
welfare or the indoor or outdoor environment, (c) restore or reclaim natural resources or the environment, (d) perform any pre-remedial studies, investigations, or post-remedial operation and maintenance activities, or (e) conduct any
other actions with respect to Hazardous Materials required by Environmental Laws. 
 “Replacement Lender” has
the meaning specified therefor in Section 2.13(b) of the Agreement. 
 “Report” has the meaning
specified therefor in Section 15.16 of the Agreement. 
 “Required Lenders” means, at any time,
Lenders having or holding more than 50% of the sum of the aggregate Revolving Loan Exposure of all Lenders; provided, that (i) the Revolving Loan Exposure of any Defaulting Lender shall be disregarded in the determination of the Required
Lenders, and (ii) at any time there are 2 or more Lenders, “Required Lenders” must include at least 2 Lenders (who are not Affiliates of one another). 

  
 Schedule 1.1
– Page 38 

 “Required Prepayment Date” means the earlier of (i) the date of a
closing of a sale of all or substantially all of the Loan Parties’ assets pursuant to Section 363 of the Bankruptcy Code or (ii) the effective date of a plan in any of the Bankruptcy Cases. 

“Reserves” means, as of any date of determination, those reserves (other than the Availability Reserve, Receivable
Reserves, Bank Product Reserves, and Inventory Reserves) that Co-Collateral Agents deem necessary or appropriate, in their Permitted Discretion and subject to Section 2.1(c), to establish and maintain (including reserves with respect to
(a) sums that Parent or its Subsidiaries are required to pay under any Section of the Agreement or any other Loan Document (such as taxes, assessments, insurance premiums, or, in the case of leased assets, rents or other amounts payable under
such leases) and has failed to pay, and (b) amounts owing by Parent or its Subsidiaries to any Person to the extent secured by a Lien on, or trust over, any of the Collateral (other than a Permitted Lien), which Lien or trust, in the Permitted
Discretion of Co-Collateral Agents likely would be pari passu with or have a priority superior to the Agent’s Liens (such as Liens or trusts in favor of landlords, warehousemen, carriers, mechanics, materialmen, laborers, or suppliers, or Liens
or trusts for ad valorem, excise, sales, or other taxes where given priority under applicable law) in and to such item of the Collateral) with respect to the Borrowing Base or the Maximum Revolver Amount. 

“Restricted Payment” means to (a) declare or pay any dividend or make any other payment or distribution, directly
or indirectly, on account of Equity Interests issued by Parent (including any payment in connection with any merger or consolidation involving Parent) or to the direct or indirect holders of Equity Interests issued by Parent in their capacity as
such (other than dividends or distributions payable in Qualified Equity Interests issued by Parent, or (b) purchase, redeem, make any sinking fund or similar payment, or otherwise acquire or retire for value (including in connection with any
merger or consolidation involving Parent) any Equity Interests issued by Parent, (c) make any payment to retire, or to obtain the surrender of, any outstanding warrants, options, or other rights to acquire Equity Interests of Parent now or
hereafter outstanding, and (d) make, or cause or suffer to permit any of Parent’s Subsidiaries to make, any payment or prepayment of principal of, premium, if any, or interest on, or redemption, purchase, retirement, defeasance (including
in-substance or legal defeasance), sinking fund or similar payment with respect to, any Subordinated Indebtedness. 

“Revolver Commitment” means, with respect to each Revolving Lender, its Revolver Commitment, and, with respect to all
Revolving Lenders, their Revolver Commitments, in each case as such Dollar amounts are set forth beside such Revolving Lender’s name under the applicable heading on Schedule C-1 to the Agreement or in the Assignment and Acceptance
pursuant to which such Revolving Lender became a Revolving Lender under the Agreement, as such amounts may be reduced or increased from time to time pursuant to assignments made in accordance with the provisions of Section 13.1 of the
Agreement. 
 “Revolver Usage” means, as of any date of determination, the sum of (a) the amount of
outstanding Revolving Loans (inclusive of Swing Loans and Extraordinary Advances), plus (b) the amount of the Letter of Credit Usage. 

  
 Schedule 1.1
– Page 39 

 “Revolving Lender” means a Lender that has a Revolver Commitment or that
has an outstanding Revolving Loan. 
 “Revolving Loan Exposure” means, with respect to any Revolving Lender, as
of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal
amount of the Revolving Loans of such Lender. 
 “Revolving Loans” has the meaning specified therefor in
Section 2.1(a) of the Agreement. 
 “Rolling Two Week Test Period” has the meaning set forth in
Section 6.15 of this Agreement. 
 “Sale Motion” has the meaning set forth in the Asset Purchase
Agreement. 
 “Sale Order” has the meaning set forth in the Asset Purchase Agreement. 

“Sale/Leaseback Liabilities” means any amount or liability in respect of sale/leaseback or analogous transactions that
is or is required under GAAP to be shown on the consolidated balance sheet of the Borrowers and their consolidated Subsidiaries. 
 “Sanctioned Entity” means (a) a country or a government of a country, (b) an agency of the government of a country, (c) an organization directly or indirectly controlled by
a country or its government, (d) a Person resident in or determined to be resident in a country, in each case, that is subject to a country sanctions program administered and enforced by OFAC. 

“Sanctioned Person” means a person named on the list of Specially Designated Nationals maintained by OFAC. 

“S&P” has the meaning specified therefor in the definition of Cash Equivalents. 

“SEC” means the United States Securities and Exchange Commission and any successor thereto. 

“Securities Account” means a securities account (as that term is defined in the Code). 

“Securities Act” means the Securities Act of 1933, as amended from time to time, and any successor statute. 

“Settlement” has the meaning specified therefor in Section 2.3(e)(i) of the Agreement. 

“Settlement Date” has the meaning specified therefor in Section 2.3(e)(i) of the Agreement. 

  
 Schedule 1.1
– Page 40 

 “Single Test Week” has the meaning set forth in Section 6.15 of
this Agreement. 
 “Slow Moving Cap” means, initially, $5,000,000 as of the Closing Date and shall reduce as of
the last day of each month thereafter by $138,889 . 
 “Solvent” means, with respect to any Person as of any
date of determination, that (a) at fair valuations, the sum of such Person’s debts (including contingent liabilities) is less than all of such Person’s assets, (b) such Person is not engaged or about to engage in a business or
transaction for which the remaining assets of such Person are unreasonably small in relation to the business or transaction or for which the property remaining with such Person is an unreasonably small capital, and (c) such Person has not
incurred and does not intend to incur, or reasonably believe that it will incur, debts beyond its ability to pay such debts as they become due (whether at maturity or otherwise), and (d) such Person is “solvent” or not
“insolvent”, as applicable within the meaning given those terms and similar terms under applicable laws relating to fraudulent transfers and conveyances. For purposes of this definition, the amount of any contingent liability at any time
shall be computed as the amount that, in light of all of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability (irrespective of whether such contingent
liabilities meet the criteria for accrual under Statement of Financial Accounting Standard No. 5). 
 “Split Lien
Agent” means the “Term Loan Agent” as defined in the Split Lien Intercreditor Agreement. 
 “Split
Lien Credit Agreement” means that certain Credit Agreement dated as of the date hereof among Borrowers, Select Agendas, Corp., Split Lien Agent and the lenders from time to time party thereto, as amended from time to time to the extent
permitted under the Split Lien Intercreditor Agreement. 
 “Split Lien Documents” means the “Term Loan
Documents” as defined in the Split Lien Intercreditor Agreement (as in effect on the date hereof). 
 “Split
Lien Indebtedness” means the Indebtedness under the Split Lien Credit Agreement and the Prepetition Term Loan Documents (as defined in the Split Lien Credit Agreement as in effect on the date hereof). 

“Split Lien Intercreditor Agreement” means that certain Intercreditor Agreement dated as of the date hereof between
Agent and Split Lien Agent and acknowledged by the Loan Parties, as amended or modified from time to time. 
 “Split
Lien Priority Collateral” means the “Term Loan Priority Collateral” as defined in the Split Lien Intercreditor Agreement. 
 “Split Lien Termination Date” means the date of the termination of all commitments to lend under the Split Lien Credit Agreement during the existence of a “Termination Date” as
defined in the Split Lien Credit Agreement. 

  
 Schedule 1.1
– Page 41 

 “Subordinated Indebtedness” means any unsecured Indebtedness of Parent or
its Subsidiaries incurred from time to time that is subordinated in right of payment to the Obligations and that (a) is only guaranteed by the Guarantors, (b) is not subject to scheduled amortization, redemption, sinking fund or similar
payment and does not have a final maturity, in each case, on or before the date that is six months after the Maturity Date, (c) does not include any financial covenants or any covenant or agreement that is more restrictive or onerous on any
Loan Party in any material respect than any comparable covenant in the Agreement, and (iv) contains customary subordination (including customary payment blocks during a payment default under any “senior debt” designated thereunder)
and turnover provisions and shall be limited to cross-payment default and cross-acceleration to other “senior debt” designated thereunder. 
 “Subsidiary” of a Person means a corporation, partnership, limited liability company, or other entity in which that Person directly or indirectly owns or controls the Equity Interests
having ordinary voting power to elect a majority of the Board of Directors of such corporation, partnership, limited liability company, or other entity. 
 “Swing Lender” means WFCF or any other Lender that, at the request of Administrative Borrower and with the consent of Agent agrees, in such Lender’s sole discretion, to become the
Swing Lender under Section 2.3(b) of the Agreement. 
 “Swing Loan” has the meaning specified
therefor in Section 2.3(b) of the Agreement. 
 “Swing Loan Exposure” means, as of any date of
determination with respect to any Lender, such Lender’s Pro Rata Share of the Swing Loans on such date. 

“Taxes” means any taxes, levies, imposts, duties, fees, assessments or other charges of whatever nature now or hereafter
imposed by any jurisdiction or by any political subdivision or taxing authority thereof or therein, and all interest, penalties or similar liabilities with respect thereto. 
 “Tax Lender” has the meaning specified therefor in Section 14.2(a) of the Agreement. 
 “Test Period” means the Single Test Week and the Rolling Two Week Test Period. 
 “Title Document Agent” means UPS Supply Chain Solutions, Inc. and any other Person selected by Borrower Representative after written notice by Borrower Representative to Agent who is
reasonably acceptable to Agent to receive and retain possession of negotiable documents (as defined in Section 7-104 of the UCC) issued for any Inventory or other property of Borrowers in accordance with a Title Document Agency Agreement, such
receipt and retention of possession being for the purpose of more fully perfecting and preserving Agent’s security interests in such negotiable documents and the property represented thereby. For avoidance of doubt, no Person shall be a Title
Document Agent unless such Person has executed and delivered a Title Document Agency Agreement. 

  
 Schedule 1.1
– Page 42 

 “Title Document Agency Agreement” means an agreement among a Borrower, a
Title Document Agent, and Agent, in form and substance acceptable to Agent. 
 “Trademark Security Agreement”
has the meaning specified therefor in the Guaranty and Security Agreement. 
 “UCP 600” means the rules of the
Uniform Customs and Practice for Documentary Credits, as most recently published by the International Chamber of Commerce and in effect as of July 1, 2007 (or such later version thereof as may be in effect at the time of issuance). 

“Underlying Issuer” means Wells Fargo or one of its Affiliates. 

“Underlying Letter of Credit” means a Letter of Credit that has been issued by an Underlying Issuer. 

“United States” means the United States of America. 

“Unused Line Fee” has the meaning specified therefor in Section 2.10(b) of the Agreement. 

“Variance Report” means a weekly variance report to be provided by Borrowers to Agent within three Business Days after
the end of each fiscal week reflecting actual cash receipts and disbursements for (i) the prior fiscal week, (ii) the period from the beginning of the fiscal month which includes such fiscal week to the end of such fiscal week,
(iii) the applicable Test Period of the Administrative Borrower, and (iv) the period from the beginning of the fiscal week ending February 2, 2013 to the end of such Test Period, in each case, reflecting the amount variance and, in
the case of clause (iii), percentage variance of actual receipts and disbursements (on a line item basis) from those receipts and disbursements reflected in the most recently delivered thirteen-week cash flow forecast in the Budget for the
corresponding periods (or, in the case of clause (iv) and with respect to past periods that are not covered in the most recently delivered thirteen-week cash flow forecast in the Budget, the latest thirteen-week cash flow forecast in the Budget
that covers any such past period), an explanation of the reason for any such variance and compliance or non-compliance with the requirements set forth in Section 6.15. 

“Voidable Transfer” has the meaning specified therefor in Section 17.8 of the Agreement. 

“Week 1” has the meaning set forth in Section 6.15. 

“Week 2” has the meaning set forth in Section 6.15. 

“Wells Fargo” means Wells Fargo Bank, National Association, a national banking association. 

“WFCF” means Wells Fargo Capital Finance, LLC, a Delaware limited liability company. 

  
 Schedule 1.1
– Page 43 

 SCHEDULE 1 

COMMERCIAL TORT CLAIMS 
 Schedule A-1 – Agent’s Account 
 Wells Fargo Bank, N.A.

 San Francisco, CA 
 ABA Number:121-000-248 
 Account Name: Wells Fargo Capital Finance, LLC 

Reference – School Specialty Inc. 

 Schedule A-2 – Authorized Persons 

Michael P. Lavelle, President and Chief Executive Officer 
 David N. Vander Ploeg Executive President, Chief Financial Officer & Treasurer 
 Kevin L.
Baehler, Senior Vice President and Corporate Controller 
 Michael T. Kabat, Director of Corporate Finance 

Rita A. Birr, Treasury Assistant 

  
 -2-

 Schedule C-1 – Commitments 

 

									
	 Lender
	  	Revolver Commitment	 	  	Total Commitment	 
	 Wells Fargo Capital Finance, LLC
	  	$	65,625,000	  	  	$	65,625,000	  
	 Bank of Montreal
	  	$	24,062,500	  	  	$	24,062,500	  
	 General Electric Capital Corporation
	  	$	65,625,000	  	  	$	65,625,000	  
	 CIT Finance LLC
	  	$	19,687,500	  	  	$	19,687,500	  
	 ALL LENDERS
	  	$	175,000,000	  	  	$	175,000,000	  

  
 -3-

 Schedule D-1 – Designated Account 

JPMorgan Chase Bank, N.A. 
 Account Name:
School Specialty, Inc. 
 ABA for Wire: 021000021 
 ABA for ACH: 075000019 

  
 -4-

 Schedule E-1 – Eligible Inventory Locations 

3825 S Willow Avenue, Fresno, CA 93722 
 W6316
Design Drive, Greenville, WI 54942 
 1156 Four Star Drive, Mount Joy, PA 17552 
 100 Paragon Parkway, Mansfield, OH 44903 
 80 Northwest Boulevard, Nashua, NH 03063 

3525 South Ninth Street, Salina, KS 67401 
 3031
Industry Drive, Lancaster, PA 17603 
 1145 Arroyo Ave, San Fernando, CA 
 1845 N. Airport, Fremont, NE 68026 
 2000 Kentucky St., Bellingham, WA 98226 

2007 - 2019 Iowa Street, Bellingham, WA 98226 

400 Sequoia Drive, Suite 200, Bellingham, WA 98226 
 625 Mount Auburn St., Cambridge, MA 
 438 Camino Del Rio South, San Diego, CA 92108 

Inventory held by Processors and Agents 

222 Tappan Drive, Mansfield, OH 44906 
 1000
Stricker Road, Mount Joy, PA 17552 
 60 Grumbacher Road, York, PA 17406 
 Archway NM, 1600 First Street NW, Albuquerque, NM 87102 
 Archway Southwest, 600 Freeport Parkway,
Coppell, TX 75019 
 Educators Book Depository of AR, 6700 Sloane Drive, Little Rock, AR 72206 

Florida School Book Depository, 1125 North Ellis Road, Jacksonville, FL 32254 
 Mountain State Schoolbook Depository, PO Box 160250, Clearfield, UT 84016 
 Northwest Textbook
Depository, PO Box 5608, Portland, OR 97228 
 Archway Oklahoma, 5600 SW 36th Street, Oklahoma City, OK 73179 

Professional Book Distributors, 3280 Summit Ridge, Duluth, GA 30096 

  
 -5-

 RL Bryan Company, 301 Greystone Boulevard, Columbia, SC 29210 

School Book Supply Co of LA, 9380 Ashland Road, Gonzales, LA 
 Tennessee Book Company, 1550 Heil Quaker Boulevard, LaVergne, TN 37086 
 The James & Law
Company, 217 West Main Street, Clarksburg, WV 26302 
 Smart Warehousing, 9850 Industrial Boulevard, Lexena, KS 66215 

Farmington Public Schools, 32789 West Ten Mile Road, Farmington, MI 48336 
 Royal Seating Corporation, 1110 Industrial Blvd., Cameron, TX 76520 
 Royal Seating Corporation,
1201 Industrial Blvd., Cameron, TX 76520 
 Royal Seating Corporation, V-Building, 600 South Rusk, Cameron, TX 76520 

Royal Seating Corporation, W-Building, 409 South Karnes, Cameron, TX 76520 
 Royal Seating Corporation, X-Building, 1050 Dossett Street, Cameron, TX 76520 
 Royal Seating
Corporation, Y-Building, 659 South Bowie Ave., Cameron, TX 76520 
 Royal Seating Corporation, Z-Building, 620 South Bowie Ave., Cameron, TX
76520 
 Cargo Zone LLC 6200 North 16th Street, Omaha, NE 68110 
 TAYLOR TEXAS FACILITY: 
 1103 NW Carlos Parker Blvd. 

Taylor, TX 76574 
 Property Owner: 

Taylor CPB Property LLC 
 3500 W 75th St, Suite
200 
 Prairie Creek, KS 66208 
 Lessor:

 Pan Pacific Sourcing, LLC 
 481 Great
Plain Ave. 
 Needham, MA 02492-3728 

  
 -6-

 Print Partner locations 
 Premier Print Partner Plants 
 CDS 
 2661 S. Pacific Hwy. 
 Medford, OR 97501 
 And 
 Dock #3 
 2603 S. Pacific Hwy 
 Medford, OR 97501 
 Heuss Printing, Inc. 
 903 North 2nd Street 

Ames, IA 50010 
 LewisColor 

30 Joe Kennedy Blvd 
 Statesboro, GA 30458

 Pioneer Graphics 
 PO Box 2516

 Waterloo, IA 50704 
 316 W.5th Street

 Waterloo, IA 50701 
 Premier
Impressions 
 194 Woolverton Rd. 

Grimsby ON L3M 4E7 
 Canada 

Premier Printing 
 One Beghin Ave 

Winnipeg, MB R2J 3X5 
 PrintComm 

2929 Davison Rd. 
 Flint, MI 48506 

Printing Enterprises 
 1411 First Avenue NW

 New Brighton, MN 55112 
 Sentinel
Printing 
 250 North Highway 10 
 St.
Cloud, MN 56304 
 Spangler Graphics 

2930 and 2950 South 44th Street 
 Kansas City, KS
66106 

  
 -7-

 Walsworth Publishing Co 
 306 North Kansas Avenue 
 Marceline, MO 64658 

  
 -8-

 Schedule P-1 – Permitted Investments 

School Specialty, Inc. owns 3500 units representing 35% of the equity ownership interest in Carson-Dellosa Publishing, LLC. 

  
 -9-

 Schedule P-2 – Permitted Liens 

 

									
	 DEBTOR NAME
	  	 FILE NUMBER
	  	 DATE 
FILED
	  	 SECURED PARTY
	  	 COLLATERAL

	 Premier Agendas, Inc.
 2000
Kentucky Street
 Bellingham WA 98226
	  	2009-091-5951 Washington Department of Licensing	  	4/1/2009	  	 Fujifilm Graphic Systems USA, Inc.
 350 Central AVE
 Hanover Park, IL 60133
	  	All debtor’s right, title now owned or hereafter acquired in lithographic plates, film, prepressed proofing materials and miscellaneous lithographic supplies provided by
Enovation Graphic Systems Inc. or credited from Enovation Graphic Systems, Inc. regardless of the deliver but does not constitute any security interest in any of the assets of the company listed on this filing.
	School Specialty, Inc.	  	 120007074826
 Wisconsin Department of Financial Institutions
	  	5/24/2012	  	NMHG Financial Services, Inc.	  	 All of the equipment now or hereafter leased by Lessor to Lessee; and all accessions, additions, replacements, and

substitutions thereto and therefore; and all proceeds including insurance proceeds thereof.

	School Specialty, Inc.	  	 120004986734
 Wisconsin Department of Financial Institutions
	  	4/13/2012	  	IKON Financial SVCS	  	 All equipment now or hereafter leased in an equipment leasing transaction in
 connection with that certain Master Agreement No. see below, Product Schedule No./Agreement No. see below
 (“Lease”), as amended from time to time, between IOS Capital, LLC as lessor, and the above referenced Lessee/Debtor,
 including, without limit, the equipment listed below, and all additions, improvements, attachments, accessories,
 accessions, upgrades and replacements related thereto, and any and all substitutions or exchanges, and any and all
 products, insurance and/or other proceeds (cash and non-cash) there from: The equipment location is as identified in
 the Lease. This IS intended to be a true lease transaction. Neither the execution nor filing of this financing statement
 shall in any manner imply that the relationship between the parties to

  
 -10-

									
		  		  		  		  	 which this document applies IS other than lessor and lessee, respectively. This financing statement is filed solely to protect the
interests of the parties In the event of
 unwarranted assertions by any third party. This statement is filed in connection with a lease
transaction and is filed for
 precautionary purposes only. Product Schedule No./Agreement No. 2907845, Master Agreement/Lease No.

CUSTOMER: 1418270 RIPROC901 CI0071478

 Liens on funds in Business Money Market Account No.
            in the name of School Specialty, Inc., maintained at Comerica Bank (the “Comerica Account”) and all identifiable proceeds of the Comerica Account, which total
$1,458,537.10 as of the Petition Date, plus post-petition interest accruing on the Comerica Account, which funds secure the reimbursement obligations of School Specialty, Inc. to Comerica Bank under the Letter of Credit Applications and
Reimbursement Agreements, or otherwise, for any draws under Comerica Bank letter of credit no. 5183 in the amount of $700,000, issued for the benefit of DEI CSEP or Comerica Bank letter of credit no. 5184 in the amount of $755,000, issued for the
benefit of Travelers Insurance Company. 

  
 -11-

 Schedule R-1 – Real Property Collateral 

3525 South Ninth Street, Salina, KS 67401 

More particularly described as follows: 
 A tract of land situated in the Southwest Quarter (SW/4) of Section One (1), Township Fifteen (15) South, Range Three (3) West of the 6th P.M., in Saline County, Kansas, which is more particularly described as follows: 

Starting from the Southwest corner of said Southwest Quarter (SW/4) a distance of one thousand three hundred fifty-nine and ninety-eight hundredths
(1359.98’) feet; thence South 89 degrees 40’52” East parallel with the South line of said Southwest Quarter (SW/4) a distance of one hundred sixty-four and fifty-seven hundredths (164.57’) feet to the point of
beginning; said point of beginning being a point on the North line of an existing public right-of-way, eighty and thirty-seven hundredths (80.37’) feet East of its intersection with the East right-of-way line a distance of five hundred
(500) feet; thence South 89 degrees 40’ 52” East parallel with the South line of said Southwest Quarter (SW/4) a distance of eight hundred fifty and fifty-six hundredths (850.56’) feet; thence South 00 degrees 03’
57” West parallel with the West line of the Union Pacific Railroad right-of-way a distance of four hundred ninety-seven and seventy-seven hundredths (497.77’) feet; thence North 89 degrees 40’ 52” West parallel with the
South line of said Southwest Quarter (SW/4) a distance of nine hundred (900’) feet to the point of beginning, except that part taken for roads, highways and right-of-ways. 

  
 -12-

 Schedule 2.11 – Letters of Credit 

 

									
	 LC#
	  	Bank	  	Beneficiary	  	01/28/2013	 
	 IS0017464U
	  	Wells Fargo	  	Capitol Indemnity Corporation	  	$	72,000.00	  
	 IS0017461U
	  	Wells Fargo	  	Travelers Casualty	  	$	755,000.00	  
	 IS0017457U
	  	Wells Fargo	  	Sentry Insurance	  	$	900,000.00	  
		  		  		  	  
	  
	 
		  		  		  	$	1,727,000.00	  

  
 -13-

 Schedule 3.6(b) – Leasehold Mortgages 

Agawam Sublet Distribution Center 
  

	Address:	101 Algrem Drive 

	    	Agawam, MA 01001 

 Fresno Distribution Center

  

	Address:	3825 S Willow Avenue 

	    	Fresno, CA 93722 

 Greenville Distribution
Center & Corporate Offices 
  

	Address:	W6316 Design Drive 

	    	Greenville, WI 54942 

 Mount Joy Distribution
Center 
  

	Address:	1156 Four Star Drive 

	    	Mount Joy, PA 17552 

 Mansfield Distribution
Center 
  

	Address:	100 Paragon Parkway 

	    	Mansfield, OH 44903 

 Nashua Distribution Center

  

	Address:	80 Northwest Boulevard 

	    	Nashua, NH 03063 

 Premier Agendas, Inc.
Printing Plant 
  

	Address:	2000 Kentucky St. 

	    	Bellingham, WA 

 Premier Agendas, Inc. Printing
Plant 
  

	Address:	1845 N. Airport 

	    	Fremont, NE 

  
 -14-

 Schedule 4.1(b) – Capitalization of Parent 

Authorized Equity Interest of Parent: 
  

									
	 	  	Authorized	 	  	Outstanding	 
	 Class
	  	Shares	 	  	Shares as of Closing Date	 
	 Common
	  	 	150,000,000	  	  	 	19,178,949	  
	 Preferred
	  	 	1,000,000	  	  	 	0	  

 Parent is subject the terms of the 3.75% Convertible Subordinated Notes due 2026, issued pursuant to the Indenture, dated
as of March 1, 2011, between Parent and The Bank of New York Mellon Trust Company, N.A. 
  

					
	 Stock Option Plans
	  	Shares Outstanding	 
	 School Specialty, Inc. 1998 Stock Incentive Plan
	  	 	184,200	  
	 School Specialty, Inc. 2002 Stock Incentive Plan
	  	 	929,870	* 
	 School Specialty, Inc. 2008 Equity Incentive Plan
	  	 	1,427,675	** 
	 Inducement Stock Option Grants
	  	 	330,000	  

  

	*	2002 Plan: 778,725 Stock options; 151,145 Non-vested restricted stock units 

	**	2008 Plan: 1,264,675 Stock options; 163,000 Non-vested restricted stock units 

  
 -15-

 Schedule 4.1(c) – Capitalization of Parent’s Subsidiaries 

 

									
	 Entity
	  	Authorized Shares	 	  	Outstanding Shares	 
	 ClassroomDirect.com, LLC
	  	 	N/A	  	  	 	1 member share	  
	 Childcraft Education Corp.
	  	 	3,000,000	  	  	 	1,000	  
	 Bird-in-Hand Woodworks, Inc.
	  	 	2,500	  	  	 	5	  
	 Frey Scientific, Inc.
	  	 	3,000	  	  	 	100	  
	 Sportime, LLC
	  	 	N/A	  	  	 	100	% 
	 Sax Arts & Crafts, Inc.
	  	 	100	  	  	 	100	  
	 Premier Agendas, Inc.
	  	 	1,000,000	  	  	 	11,200	  
	 Select Agendas, Corp
	  	 	100,000	  	  	 	1000	  
	 Califone International, Inc.
	  	 	1,000	  	  	 	100	  
	 Delta Education, LLC
	  	 	N/A	  	  	 	100	  
	 Premier School Agendas, Ltd.
	  	 	Unlimited	  	  	 	100	  

 The outstanding shares or membership interests of all entities are 100% owned by School Specialty, Inc., with the
exception of Bird-in-Hand Woodworks, Inc., which is 100% owned by Childcraft Education Corp. 

  
 -16-

 Schedule 4.6(b) – Litigation 

James Keller, James Hoff and Larry Ward vs. School Specialty, Inc. – This matter deals with a claim from for sales representatives regarding the
classification of items and the marginal commission rates based upon that classification. School Specialty, Inc. anticipates its likely exposure will not exceed $200,000. This claim is not covered by insurance. As of the closing this case is
currently in the discovery stage with ongoing deposition. 
 Wilbert Scott Herman vs. School Specialty Inc., Case Number
37-2008-00092226-OU-PL-CTL, filed September 22, 2008 in the Superior Court of California, County of San Diego. Mr. Herman was a school teacher in California and was struck in the head by falling flagpole which was sold by the Parent but
not designed or manufactured by the Parent. This is an insured product liability claim and the Parent’s deductible for products liability is $50,000. 
 Jenna Baker (d.o.b. 10/5/2006; date of accident 06/09/2009; date of reported claim 05/26/2011) claim against Childcraft Education Corp. (a wholly owned subsidiary of School Specialty, Inc.) due to injury
suffered by Ms. Baker while at C J’s County Kids Childcare Center LLC with a product allegedly sold by Childcraft. Gallagher Bassett Services through its Subsequent Detailed Status Report dated 01/23/2013, has set the liability reserve on
this claim for School Specialty to be $200,000. 
 School Specialty, Inc. ("SSI") v. RR Donnelley & Sons Company ("RRD"), U.S. Dist.
Ct. E.D. Wis., Case No.1:12-CV-01034. SSI sued RRD for damages in excess of $1 million resulting from a deficient printing job. The claim for direct damages in this matter is approximately $1 million. RRD counterclaimed against SSI for fraud in the
inducement and breach of contract, claiming SSI concealed known problems with the inks RRD used for the printing job, and SSI breached its contract with RRD by cancelling purchase orders for additional work. RRD seeks damages in excess of $500,000.
Litigation counsel believes that this suit will yield a net payment to SSI. 
 Redcay Industrial Development, III, LLC ("Redcay") v. School
Specialty, Inc., U.S. Dist. Ct. E.D. PA, Case No. 12-CV-7074. Redcay leased a warehouse in Mt. Joy, Pennsylvania to SSI for 20 years, ending on January 1, 2025. Pursuant to the terms of the lease, if SSI's credit rating adversely changes
during the term of the lease, and that change impairs Redcay's ability to obtain financing or increases the costs of financing, SSI's rent increases by the resulting costs and expenses incurred by Redcay. Redcay claims that SSI's credit rating went
down, and Redcay was unable to refinance the property at a substantially lower interest rate. Redcay seeks a declaratory judgment that SSI owes more rent under the lease or, in the alternative, Redcay seeks damages for breach of contract for over
$100,000 of additional rent annually. 

  
 -17-

 Serenity McArthur v. Sportime, LLC, et al., Cal. Sup. Ct., Eldorado County, Case No. PC20120634.
Ms. McArthur, a minor, claims that while she was at the Boys and Girls Club of Eldorado County Western Slope (the "Boys and Girls Club"), a resistance band manufactured and sold by Sportime wrapped around her neck, causing her to fall and
injure herself. She also has named as defendants Black Oak Mine Unified School District and the Boys and Girls Club. She seeks compensatory and punitive damages against Sportime, based on theories of strict products liability and failure to warn.

 Innovatio IP Ventures, LLC – claims to own some 20 patents in the field of wireless networking technology. Innovatio has notified School
Specialty that Innovatio believes School Specialty requires a license under Innovatio’s patents in order to permit users and visitors at any School Specialty location to use wireless technology to exchange information, including access to the
Internet. To date, the company is still gathering information to respond substantively, and has discussed the matter with Innovatio’s counsel to a limited extent. Regarding the Innovatio IP Ventures, LLC claim, which is not at the litigation
stage, we estimate the exposure to be less than $250,000. We believe that we have a significant chance of prevailing in the event that this is litigated. These claims are not covered by insurance. 

Landmark Technology, LLC – claims to own U.S. Patent Nos. 5,576,951, 6,289,319 and 7,010,508 relating to transaction processes and features used in
many electronic commerce systems including structures which exchange business data among trading partners. Landmark has notified School Specialty that Landmark believes School Specialty requires a license under these patents. To date, the company is
still gathering information to respond substantively, and has discussed the matter with Landmark’s counsel to a limited extent. Regarding the Landmark Technology, LLC claim, which is not at the litigation stage, we estimate the exposure to be
less than $200,000. We believe that we have a significant chance of prevailing in the event that this is litigated. These claims are not covered by insurance. 
 JFJ Toys d/b/a D&L Company and D&L’s owner, Fred Ramirez – claims to own trademark registrations for STOMP and STOMP ROCKET for use with toy air rockets. D&L has claimed that School
Specialty’s (Sportime’s) sale of the STOMP-N-LAUNCH BALL LAUNCHER is a trademark infringement. Sportime has removed the product from its web sites and catalogs, and has changed the name of its product to STEP-N-LAUNCH BALL LAUNCHER, but
there is still some older product in the pipelines. The company expects the matter to be resolved soon without payment of money to D&L. 

S&S Worldwide, Inc. – claims to own a trademark registration for GATOR SKIN for use in connection with certain children’s play ball
products. S&S has claimed that School Specialty’s use, in connection with its TechnoSkin ball products, of “Compare our quality and our prices with Gatorskin and all other ‘cheap’ balls. We know ours is the best value and
higher quality.” is pejorative and deceptively false. The referenced phrase appears in School Specialty’s catalogs only, and not on its web site. School Specialty plans to remove the referenced phrase from future catalogs. The company
expects the matter to be resolved soon without payment of money to S&S. 

  
 -18-

 The Hubbard Company – claims to own a trademark registration for WARD and design, for use in connection
with lesson plans, class records and assignment and attendance notebooks, and is a former supplier of these products to School Specialty. Hubbard claims that some of School Specialty’s web sites, including Hammond & Stephens, Learning
Outlet, Classroom Direct and School Specialty Canada, are using images and item numbers of Hubbard products, but shipping products from other companies, and claims that such activities are acts of trademark infringement and unfair competition.
School Specialty has changed the images of the products shown in its Education Essentials catalog and on its web site, and has changed the item numbers used, and has informed Hubbard of these changes. The company expects the matter to be resolved
soon without payment of money to Hubbard. 
 Barry Traub – is a former employee of the Sportime unit. Mr. Traub has claimed that,
after Mr. Traub’s separation from Sportime, Sportime adopted some of his product ideas, and has not complied with its termination agreement with him regarding payment for those ideas. The matter is not yet at the litigation stage, and the
company believes the matter will be resolved with a payment, if any, of less than $30,000. 
 Carson-Dellosa Publishing, LLC (“CD”) a
limited liability company of which School Specialty, Inc. (“SSI”) owns a 35% equity interest has through their counsel of Schell Bray PLLC noticed SSI in a letter dated January 3, 2012 that CD alleges that SSI “may have breached
and may be contemplating further breaches of the noncompetition provisions set forth in Section 14.4. of the Operating Agreement (the “Noncompetition Provisions”). We are not attempting to describe comprehensively the depth and
breadth of the Noncompetition Provisions in this letter. We do, however, wish to express concern about certain activities of SSI that may violate the Noncompetition Provisions.” No formal action has been taken at this time and SSI disputes this
allegation. 

  
 -19-

 Schedule 4.11 Environmental Compliance 

Consent Agreement and Final Order issued to Califone International Inc. by the United States Environmental Protection Agency requiring listing of
antimicrobial agents in the production of headphones. Docket No. FIFRA-09-2010-0002 a copy of which has been provided to the Administrative Agent. 

  
 -20-

 Schedule 4.14 – Permitted Indebtedness 

3.75% Convertible Subordinated Notes in the amount of $157,500,000 original face value due 2026, issued pursuant to the Indenture, dated as of
March 1, 2011, between Parent and The Bank of New York Mellon Trust Company, N.A. The principal amount of these Notes including accretive principal as of January 28, 2013 is $169,768,391.00. 

Indebtedness of $12,020,528 remaining principal owed by Parent as lessee under the following Capital Leases as of December 31, 2012: 

 

	 	1)	Lease, dated as of November 3, 2000, between SSI Mansfield, L.L.C. and School Specialty, Inc. 

 

	 	2)	Lease, dated as of November 3, 2000, between Agawam SSI, L.L.C. and School Specialty, Inc. 

 Letters of Credit as follows: 
  

									
	 LC#
	  	Bank	  	Beneficiary	  	Closing Date	 
	 03078027
	  	Bank of America	  	EOS Acquisition I, LLC	  	$	18,472.33	  
	 627484
	  	JPMorgan	  	Employers Insurance	  	$	250,000.00	  
	 IS0017464U
	  	Wells Fargo	  	Capitol Indemnity Corporation	  	$	72,000.00	  
	 5183
	  	Comerica	  	DEI CSEP Inc.	  	$	700,000.00	  
	 5184*
	  	Comerica	  	Travelers Casualty	  	$	755,000.00	  
	 IS0017461U*
	  	Wells Fargo	  	Travelers Casualty	  	$	755,000.00	  
	 IS0017457U
	  	Wells Fargo	  	Sentry Insurance	  	$	900,000.00	  
		  		  		  	  
	  
	 
		  		  		  	$	3,450,472.33	  

  

	*	The $755,000.00 letter of credit will be outstanding in duplicates for period not to exceed 30 days. This newly issued letter of credit has been required by Travelers
Casualty. 

  
 -21-

 Indebtedness of any Loan Party or Premier School Agendas, Ltd. to any other Loan Party or Premier School
Agendas, Ltd., the balances are as of December 31, 2012 are as follows: 
 Intercompany balances as of 12/31/12 

 

																	
	 	  	Due from Entity	 	  	 	 	  	 	 
	 	  	SSI	 	  	PAI	 	  	Select	 	  	Delta	 
	 Due to Entity:
	  				  				  				  			
	 Classroom Direct
	  	 	67,210,127	  	  				  				  			
	 Sportime
	  	 	79,204,718	  	  				  				  			
	 Bird in Hand
	  	 	7,082,596	  	  				  				  			
	 Childcraft
	  	 	57,802,393	  	  				  				  			
	 Delta Education LLC
	  	 	143,211,633	  	  				  				  			
	 Califone
	  	 	33,156,965	  	  				  				  			
	 PSA
	  	 	11,300,763	  	  	 	9,923,557	  	  	 	746,291	  	  	 	1,036	  
	 PAI
	  	 	220,349,294	  	  				  				  			

 In addition, PSA has a note receivable from SSI in the amount of $4,500,000 CAD. The company’s intention is to not
have this note repaid. Thus, it is accounted for as equity. 
 Surety Bonds as follows: 
 Bid Bonds as of 1/15/13 
  

													
	 Principal Name
	  	 Obligee
	  	Bid Amount	 	  	 Project Description
	  	Bid Date	 
	Premier Agendas, Inc.	  	Birmingham City Schools	  	$	28,490.00	  	  	Bid No. 2012-029 Custom Planners	  	 	12/12/2012	  
	School Specialty Career & Technical Education	  	Clarkstown Central School District	  	$	168,247.00	  	  	Bid 4934 Technology Supplies 2013-2014 New York/Island Cooperative	  	 	10/25/2012	  
	School Specialty Career & Technical Education	  	ESC of Morris County BOE	  	$	5,525.22	  	  	Rocketry Supplies	  	 	10/12/2012	  
	School Specialty, Inc.	  	Arlington Independent School District	  	$	300,000.00	  	  	Classroom & Cafeteria furnuture Sherry Street Elementary, Bid 13-54	  	 	1/10/2013	  
	School Specialty, Inc.	  	Bellefontaine City Schools	  	$	62,857.00	  	  	Bellefontaine City Schools / 6-8 Middle and K-2 Elementary Schools Loose Furnishings Bid Package 60B Specialty Items	  	 	1/8/2013	  
	School Specialty, Inc.	  	Berlin-Boylston Regional School District	  	$	10,000.00	  	  	Furniture Bid Package	  	 	10/24/2012	  
	School Specialty, Inc.	  	BUCKS COUNTY INTERMEDIATE UNIT #22	  	$	2,200.00	  	  	13001 GENERAL OFFICE & SCHOOL BID #2012253352SS	  	 	12/6/2012	  
	School Specialty, Inc.	  	BUFFALO CITY SCHOOL DISTRICT	  	$	981.68	  	  	BID 12-13-065 ART SUPPLIES 2012253289SS	  	 	11/27/2012	  
	School Specialty, Inc.	  	Buffalo Public Schools	  	$	24,718.90	  	  	BID 12-13-056 OFFICE SUPPLIES FOR SERVICE CENTER STOCK	  	 	10/22/2012	  
	School Specialty, Inc.	  	Centennial School District	  	$	230,000.00	  	  	Furniture & Equipment Bid No 2013-06	  	 	10/29/2012	  

  
 -22-

													
	School Specialty, Inc.	  	City of Birmingham	  	$	 15,900.00	  	  	Office Furniture #12-90	  	 	11/26/2012	  
	School Specialty, Inc.	  	City of Bridgeport	  	$	500,000.00	  	  	Fairchild Wheeler Multi Magnet High School - Furniture, Fixture & Equipment - Phase III (Bid #COB34513C)	  	 	12/19/2012	  
	School Specialty, Inc.	  	City of Milford	  	$	75,000.00	  	  	East Shore Middle School Additions and Alterations Phase 2 & 3CT DOE # 084-0185 EA	  	 	1/10/2013	  
	School Specialty, Inc.	  	CLARKSTOWN CENTRAL SCHOOL DISTRICT	  	$	16,241.60	  	  	#4994 ELEMENTARY TEACHING AIDS SUPPLIESBID #2012252964SS	  	 	10/29/2012	  
	School Specialty, Inc.	  	CLARKSTOWN CENTRAL SCHOOL DISTRICT	  	$	1,640,295.26	  	  	BID 4958 NY COOPERATIVE CLASSROOM OFFICE SUPPLIES	  	 	11/30/2013	  
	School Specialty, Inc.	  	CLARKSTOWN CENTRAL SCHOOL DISTRICT	  	$	319,873.53	  	  	4935 PHYSICAL EDUCATION SUPPLIES BID #2012252819SS	  	 	10/24/2012	  
	School Specialty, Inc.	  	CLARKSTOWN CENTRAL SCHOOL DISTRICT	  	$	1,097,517.25	  	  	4964 CLASSROOM/OFFICE SUPPLIES 2012253253SS	  	 	11/20/2012	  
	School Specialty, Inc.	  	CLARKSTOWN CENTRAL SCHOOL DISTRICT	  	$	12,763.59	  	  	4998 SPECIAL NEEDS SUPPLIES BID #2012253051SS	  	 	10/29/2012	  
	School Specialty, Inc.	  	CLARKSTOWN CENTRAL SCHOOL DISTRICT	  	$	1,494,007.61	  	  	#4931 FINE ART SUPPLIES 2013-2014 NEW YORK/ISLAND COOPERATIVEBID #2012252818SS	  	 	10/22/2012	  
	School Specialty, Inc.	  	EDUCATIONAL DATA SERVICES INC	  	$	46,020.61	  	  	BID 4940 SPECIAL NEEDS 2012252544SS	  	 	10/12/2012	  
	School Specialty, Inc.	  	EDUCATIONAL DATA SERVICES INC	  	$	663,083.75	  	  	BID PHYS ED SUPPLIES 4899, 2012252475SS	  	 	10/3/2012	  
	School Specialty, Inc.	  	EDUCATIONAL DATA SERVICES INC	  	$	2,858,776.89	  	  	BID 4898 FINE ART /201225476SS	  	 	10/3/2012	  
	School Specialty, Inc.	  	EDUCATIONAL DATA SERVICES, INC	  	$	76,518.63	  	  	#4949 ELEMENTARY TEACHING AIDS SUPPLIES BID #2012256060SS	  	 	10/10/2012	  
	School Specialty, Inc.	  	North County Educational Purchasing Consortium	  	$	50,000.00	  	  	NCEPC classroom furniture & equipment bid	  	 	11/14/2012	  
	School Specialty, Inc.	  	Switzerland of Ohio Local School District	  	$	336,000.00	  	  	Bid Package #15 Furniture for Powhatan, River and Skyvue Loose Furnishings	  	 	10/18/2012	  
	School Specialty, Inc.	  	TRI-CREEK SCHOOL CORPORATION	  	$	80,462.62	  	  	INSTRUCTIONAL SUPPLIES BID #7773356392	  	 	11/19/2012	  
	School Specialty, Inc.	  	W.A. Klinger, L.L.C.	  	$	100,000.00	  	  	Bishop Heelan HS Bid Package II DLR Group Project No. 11-08114-00	  	 	10/16/2012	  
		  		  	$	10,215,481.14	  	  		  			

  
 -23-

 Open Bonds (12/29/12) 

 

													
	 Principal Name
	  	 Obligee
	  	Contract Date	 	  	 Bond Description
	  	Bond Amount	 
	School Specialty, Inc.	  	Miller Area School District 29-4	  	 	3/22/2012	  	  	Miller School District 29-4	  	$	116,840.00	  
	Delta Education, LLC	  	State of South Carolina/South Carolina Department of Education	  	 	6/1/2007	  	  	Instructional Materials	  	$	2,000.00	  
	Educators Publishing Company	  	State of West Virginia/State Board of Education	  	 	7/1/2007	  	  	Instructional Materials Adoption Group 1 - English Language Arts K-12 (Reading/Literature)	  	$	2,000.00	  
	CPO Science, a Division of School Specialty	  	State of South Carolina	  	 	6/1/2008	  	  	Instructional Materials Bond	  	$	2,000.00	  
	Delta Education LLC d/b/a CPO Science	  	Commonwealth of Kentucky; Kentucky Department of Education	  	 	7/1/2008	  	  	Textbook/Instructional Material Bids and Contracts	  	$	2,000.00	  
	Delta Education, LLC	  	Commonwealth of Kentucky; Kentucky Department of Education	  	 	7/1/2008	  	  	Instructional Materials/Textbooks	  	$	2,000.00	  
	School Specialty, Inc.	  	US Department of Homeland Security - in the process of being canceled	  	 	1/15/2009	  	  	US Customs (Importer) Bond	  	$	300,000.00	  
	Delta Education, LLC	  	State of Tennessee	  	 	6/1/2009	  	  	State Textbook Commission - 6 year commitment	  	$	1,000,000.00	  
	Delta Education LLC d/b/a CPO Science	  	State of Tennessee	  	 	6/1/2009	  	  	State Textbook Commission - 6 year commitment	  	$	470,000.00	  
	Delta Education, LLC	  	State of Oregon; Instructional Materials Services	  	 	10/23/2009	  	  	instructional materials for use in public schools	  	$	10,000.00	  
	CPO Science, a Division of School Specialty	  	State of Oregon; Instructional Materials Services	  	 	10/23/2009	  	  	instructional materials for use in public schools	  	$	10,000.00	  
	School Specialty, Inc.	  	Virginia Beach City Public Schools	  	 	4/23/2010	  	  	Prepayment of FOSS and Delta replacement kits (3-year contract to 4/23/13)	  	$	760,000.00	  
	School Specialty Intervention, a division of School Specialty, Inc.	  	State of West Virginia	  	 	7/1/2010	  	  	Instructional Materials Bond (6 year bond)	  	$	2,000.00	  
	CPO Science, a Division of School Specialty	  	Mississippi Department of Education	  	 	7/1/2010	  	  	Textbook Bond	  	$	4,000.00	  
	School Specialty, Inc.	  	Findlay City Schools	  	 	1/24/2012	  	  	Findlay City Schools - Music Equipment Contract	  	$	16,810.00	  
	School Specialty, Inc.	  	Nevada State Contractor’s Board	  	 	2/1/2012	  	  	NV Nevada State Contractors Board License Bond	  	$	30,000.00	  
	School Specialty, Inc.	  	MIDWESTERN INTERMEDIATE UNIT 04	  	 	2/17/2012	  	  	BID 2012247623SS SCHOOL SUPPLIES	  	$	25,532.76	  
	School Specialty, Inc.	  	Minister of National Revenue	  	 	2/19/2012	  	  	Canadian Customs Bond- Non-resident	  	$	189,300.00	  
	School Specialty, Inc.	  	Hagerman, Inc.	  	 	2/21/2012	  	  	New Hamilton Southeastern JHS & Hamilton Southeastern Special Ed Addition	  	$	541,329.00	  

  
 -24-

													
	Delta Education, LLC	  	Onondaga County	  	 	2/23/2012	  	  	Bid #7343 Provide math supplies and equipment as specified	  	$	 3,650.00	  
	School Specialty, Inc.	  	ONONDAGA COUNTY	  	 	2/23/2012	  	  	BID 2011246709SS 7343 MATH SUPPLIES AND EQUIPMENT	  	$	5,950.00	  
	School Specialty, Inc.	  	BEAVER VALLEY INTERMEDIATE UNIT	  	 	3/12/2012	  	  	BID 2012247617SS GENERAL 2012247619SS ART SUPPLIES	  	$	9,887.33	  
	School Specialty, Inc.	  	Bennett County SD 3 1	  	 	3/13/2012	  	  	PO No. 20125019KC ? Flooring Projects in Elementary, Jr High and Elementary Old Gym	  	$	83,995.00	  
	School Specialty, Inc.	  	Columbus City Schools	  	 	3/14/2012	  	  	Clinton Elementary School FF&E BP# 602 Media	  	$	17,146.00	  
	School Specialty, Inc.	  	Columbus City Schools	  	 	3/14/2012	  	  	Clinton Elementary School FF&E Bp# 603 Miscellaenous	  	$	10,516.00	  
	School Specialty, Inc.	  	Cincinnati Public Schools	  	 	3/15/2012	  	  	Winton Montessori School Loose Furnishings Phase II BP 7	  	$	245,000.00	  
	School Specialty, Inc.	  	Wadsworth City Schools	  	 	3/16/2012	  	  	Isham & Valley View ES Furnishings BP211	  	$	27,430.00	  
	School Specialty, Inc.	  	Wadsworth City Schools	  	 	3/16/2012	  	  	Overlook ES Furnishings BP211	  	$	13,055.00	  
	School Specialty, Inc.	  	CMSWillowbrook, Inc.	  	 	3/27/2012	  	  	Norman North High Schools Remodel (Job #1128C)	  	$	171,777.00	  
	School Specialty, Inc.	  	CMSWillowbrook, Inc.	  	 	3/27/2012	  	  	Norman High School Remodel (Job #1128B)	  	$	150,747.00	  
	School Specialty, Inc.	  	Van Buren Public Schools	  	 	4/4/2012	  	  	Van Buren Public Schools Belleville HS FF&E BP2 Bid Category B School Specialties	  	$	68,376.30	  
	School Specialty, Inc.	  	Akron Public Schools	  	 	4/6/2012	  	  	Seiberling Community Learning Center Package 12D New Building Construction	  	$	54,680.00	  
	School Specialty, Inc.	  	Sioux Falls School District 49-5	  	 	4/10/2012	  	  	Recessed in wall folding table and bench replacement, Hawthorne, Hayward, Oscar Howe and Robert Frost Elementary Schools	  	$	90,630.00	  
	School Specialty, Inc.	  	Tooles Clark A Joint Venture	  	 	4/23/2012	  	  	DPS Furniture, Fuxture & Equipment Bid Package, Finney Crockett High School	  	$	744,115.98	  
	School Specialty, Inc.	  	TOWN OF GLASTONBURY	  	 	4/23/2012	  	  	Bid GL 2011-04 East Hartford Gastonbury Elementary Magnet School - Phase III Bid Package #118 FF&E Moveable Equipment	  	$	53,527.08	  

  
 -25-

													
	School Specialty, Inc.	  	LINCOLN INTERMEDIATE UNIT NO 12	  	 	4/27/2012	  	  	BID GENERAL SUPPLIES 2012248410SS	  	$	 16,615.90	  
	School Specialty, Inc.	  	District School Board of Pasco County	  	 	4/30/2012	  	  	13-001-AJ New Furniture for Richey ES	  	$	3,059.82	  
	School Specialty, Inc.	  	State of Arizona Department of Revenue	  	 	5/1/2012	  	  	AZ Taxpayer Bond for Contractor	  	$	2,000.00	  
	George Marinelli	  	State of California	  	 	5/14/2012	  	  	CA Bond of Qualifying Individual	  	$	12,500.00	  
	Eduardo Javier Perez	  	State of California	  	 	5/14/2012	  	  	CA Bond of Qualifying Individual	  	$	12,500.00	  
	SSI/CAS	  	State of California, Registrar of Contractors	  	 	5/14/2012	  	  	CA Contractors License Bond	  	$	12,500.00	  
	School Specialty, Inc.	  	BOGOTA Public School District	  	 	5/15/2012	  	  	BOGOTA HS Locker Replacement Project 2012-031	  	$	92,817.00	  
	School Specialty, Inc.	  	San Mateo-Foster City School District	  	 	5/16/2012	  	  	Project 12-52	  	$	438,551.00	  
	Eduardo Javier Perez	  	State of California	  	 	5/18/2012	  	  	CA Bond of Qualifying Individual	  	$	12,500.00	  
	School Specialty, Inc.	  	State of Iowa, Division of Labor	  	 	5/19/2012	  	  	contractor	  	$	25,000.00	  
	School Specialty, Inc.	  	BRCO Constructors, Inc.	  	 	6/6/2012	  	  	Olivehurst Elementary School New Classroom Building (#096500 Resilient Flooring; 096513 Resilient Base and Accessories; 096816 Sheet Carpeting)	  	$	33,200.00	  
	School Specialty, Inc.	  	State of Nevada	  	 	6/29/2012	  	  	contractor	  	$	30,000.00	  
	School Specialty, Inc.	  	Eastern Suffolk BOCES	  	 	7/1/2012	  	  	Catalog Purchase for Furniture, Seating, Risers, Lockers and School Related Items	  	$	10,000.00	  
	School Specialty Inc.	  	State of Oregon	  	 	7/1/2012	  	  	OR State of Oregon Construction Contractors Bd Commercial Bond	  	$	75,000.00	  
	Delta Education, LLC	  	State of Indiana	  	 	7/1/2012	  	  	School Book Contract Bond	  	$	5,000.00	  
	Delta Education LLC d/b/a CPO Science	  	State of Indiana	  	 	7/1/2012	  	  	School Book Contract Bond	  	$	5,000.00	  
	School Specialty, Inc.	  	LAKE TRAVIS ISD	  	 	7/3/2012	  	  	Lake Travis ISD Admin Bldg	  	$	29,601.81	  
	School Specialty, Inc.	  	Raleigh County Board of Education	  	 	8/13/2012	  	  	New Marsh Fork Elementary School F&E	  	$	136,200.00	  
	School Specialty, Inc.	  	State of Washington; Dept. of Labor & Industries	  	 	10/1/2012	  	  	contractor	  	$	12,000.00	  

  
 -26-

													
	School Specialty, Inc.	  	State of Arkansas	  	 	10/1/2012	  	  	AR Contractors Bond - 10000 Rev 1-12 (License & Permit)	  	$	 10,000.00	  
	Childcraft Education Corp.	  	State of North Dakota	  	 	10/23/2012	  	  	ND Sales and Use Tax Permit Bond	  	$	2,500.00	  
	School Specialty, Inc.	  	New Mexico Regulation and Licensing Department	  	 	11/1/2012	  	  	NM Contractor License Code Bond (License & Permit)	  	$	10,000.00	  
	School Specialty, Inc.	  	US Department of Homeland Security (NEW BOND for School Specialty, Inc.)	  	 	11/17/2012	  	  	US Customs (Importer) Bond	  	$	300,000.00	  
	School Specialty, Inc.	  	State of Arizona	  	 	12/1/2012	  	  	L-8 Floor Coverings	  	$	5,000.00	  
	School Specialty, Inc.	  	State of Arizona	  	 	12/1/2012	  	  	L-5 School Fixtures and Playground Equipment	  	$	5,000.00	  
	School Specialty, Inc.	  	Registrar of Contractors, State of Arizona	  	 	12/1/2012	  	  	L-8 Floor Coverings	  	$	5,000.00	  
	School Specialty, Inc.	  	Registrar of Contractors, State of Arizona	  	 	12/1/2012	  	  	L-5 School Fixtures and Playground Equipment	  	$	5,000.00	  
	CPO Science	  	State of Florida - Department of Education	  	 	4/1/2017	  	  	Instructional Materials Bond - 6-yr. bond with additional 2 years at obligee discretion	  	$	20,000.00	  
		  		  				  		  	$	6,562,839.98	  

  
 -27-

 Schedule 4.24 – Location of Inventory 

Chief Executive Offices: 
  

			
	 Name
	  	 Chief Executive Office

	School Specialty, Inc.	  	 W6316 Design Drive
 Greenville,
WI 54942

	ClassroomDirect.com, LLC	  	 W6316 Design Drive
 Greenville,
WI 54942

	Childcraft Education Corp.	  	 W6316 Design Drive
 Greenville,
WI 54942

	Bird-in-Hand Woodworks, Inc.	  	 W6316 Design Drive
 Greenville,
WI 54942

	Frey Scientific, Inc.	  	 W6316 Design Drive
 Greenville,
WI 54942

	Sportime, LLC	  	 W6316 Design Drive
 Greenville,
WI 54942

	Sax Arts & Crafts, Inc.	  	 W6316 Design Drive
 Greenville,
WI 54942

	Califone International, Inc.,	  	 W6316 Design Drive
 Greenville,
WI 54942

	Delta Education, LLC	  	 W6316 Design Drive
 Greenville,
WI 54942

	Premier Agendas, Inc	  	 W6316 Design Drive
 Greenville,
WI 54942

	Select Agendas, Corp.	  	6800 Chemin de la Cote-de-Liesse, St-Laurent, Quebec H4T 2A7
	Premier School Agendas, Ltd.	  	 20230
64th Avenue

Langley, BC V2Y IN3

 Locations of Inventory – Owned Location 
 3525 South Ninth Street, Salina, KS 67401 
 Locations of Inventory – Leased Locations and
Partner Locations 
 3825 S Willow Avenue, Fresno, CA 93722 
 W6316 Design Drive, Greenville, WI 54942 
 1156 Four Star Drive, Mount Joy, PA 17552 

100 Paragon Parkway, Mansfield, OH 44903 

  
 -28-

 80 Northwest Boulevard, Nashua, NH 03063 
 3525 South Ninth Street, Salina, KS 67401 
 3031 Industry Drive, Lancaster, PA 17603 

1145 Arroyo Ave, San Fernando, CA 
 1845 N.
Airport, Fremont, NE 68026 
 2000 Kentucky St., Bellingham, WA 98226 
 2007 - 2019 Iowa Street, Bellingham, WA 98226 
 400 Sequoia Drive, Suite 200, Bellingham, WA 98226

 625 Mount Auburn St., Cambridge, MA 

438 Camino Del Rio South, San Diego, CA 92108 

Inventory held by Processors and Agents 

222 Tappan Drive, Mansfield, OH 44906 
 1000
Stricker Road, Mount Joy, PA 17552 
 60 Grumbacher Road, York, PA 17406 
 Archway NM, 1600 First Street NW, Albuquerque, NM 87102 
 Archway Southwest, 600 Freeport Parkway,
Coppell, TX 75019 
 Educators Book Depository of AR, 6700 Sloane Drive, Little Rock, AR 72206 

Florida School Book Depository, 1125 North Ellis Road, Jacksonville, FL 32254 
 Mountain State Schoolbook Depository, PO Box 160250, Clearfield, UT 84016 
 Northwest Textbook
Depository, PO Box 5608, Portland, OR 97228 
 Archway Oklahoma, 5600 SW 36th Street, Oklahoma City, OK 73179 

Professional Book Distributors, 3280 Summit Ridge, Duluth, GA 30096 
 RL Bryan Company, 301 Greystone Boulevard, Columbia, SC 29210 
 School Book Supply Co of LA, 9380
Ashland Road, Gonzales, LA 
 Tennessee Book Company, 1550 Heil Quaker Boulevard, LaVergne, TN 37086 

The James & Law Company, 217 West Main Street, Clarksburg, WV 26302 
 Smart Warehousing, 9850 Industrial Boulevard, Lexena, KS 66215 

  
 -29-

 Farmington Public Schools, 32789 West Ten Mile Road, Farmington, MI 48336 

Royal Seating Corporation, 1110 Industrial Blvd., Cameron, TX 76520 
 Royal Seating Corporation, 1201 Industrial Blvd., Cameron, TX 76520 
 Royal Seating Corporation,
V-Building, 600 South Rusk, Cameron, TX 76520 
 Royal Seating Corporation, W-Building, 409 South Karnes, Cameron, TX 76520 

Royal Seating Corporation, X-Building, 1050 Dossett Street, Cameron, TX 76520 
 Royal Seating Corporation, Y-Building, 659 South Bowie Ave., Cameron, TX 76520 
 Royal Seating
Corporation, Z-Building, 620 South Bowie Ave., Cameron, TX 76520 
 Cargo Zone LLC 6200 North 16th Street, Omaha, NE 68110 

TAYLOR TEXAS FACILITY: 
 1103 NW Carlos Parker
Blvd. 
 Taylor, TX 76574 
 Property
Owner: 
 Taylor CPB Property LLC 
 3500
W 75th St, Suite 200 
 Prairie Creek, KS 66208 
 Lessor: 
 Pan Pacific Sourcing, LLC 
 481 Great Plain Ave. 
 Needham, MA 02492-3728 

Print Partner locations 
 Premier Print
Partner Plants 
 CDS 
 2661 S. Pacific
Hwy. 
 Medford, OR 97501 
 And

 Dock #3 
 2603 S. Pacific Hwy

 Medford, OR 97501 

  
 -30-

 Heuss Printing, Inc. 
 903 North 2nd Street 
 Ames, IA 50010 
 LewisColor 
 30 Joe Kennedy Blvd 
 Statesboro, GA 30458 
 Pioneer Graphics 
 PO Box 2516 
 Waterloo, IA 50704 
 316 W.5th Street 
 Waterloo, IA 50701 
 Premier Impressions 
 194 Woolverton Rd. 
 Grimsby ON L3M 4E7 
 Canada 
 Premier Printing 
 One Beghin Ave 
 Winnipeg, MB R2J 3X5 
 PrintComm 
 2929 Davison Rd. 
 Flint, MI 48506 
 Printing Enterprises 
 1411 First Avenue NW 

New Brighton, MN 55112 
 Sentinel Printing

 250 North Highway 10 
 St. Cloud, MN
56304 
 Spangler Graphics 
 2930 and
2950 South 44th Street 
 Kansas City, KS 66106 
 Walsworth Publishing Co 
 306 North Kansas Avenue 

Marceline, MO 64658 

  
 -31-

 Schedule 5.16 – Bankruptcy Transaction Milestones 

[This schedule shall be provided by the Lenders] 

  
 -32-

 Schedule 6.4 – Permitted Dispositions 

The granting of Permitted Liens. 
 The
subleasing of the improved real property located at 101 Almgren Drive, Agawam, MA 01001 under the terms of a Sublease dated 12/31/2004 and effective 01/07/2005 by and between School Specialty, Inc. as Sublessor and Vaupell Holdings, Inc. as
Sublessee. 
 Leasing of science kits in connection with the refurbishment business of the Parent and the Subsidiaries. 

  
 -33-

 Schedule 6.5 – Nature of Business 

Borrower and its Subsidiaries (the “Company”) compose an education company serving the pre-kindergarten through twelfth grade (“pre
K-12”) market with innovative and value-added instructional solutions that address the full spectrum of educational needs, from basic school supplies to standards-based curriculum solutions. The Company offers its products through two operating
groups: Accelerated Learning and Educational Resources. Accelerated Learning provides core and supplemental curriculum programs that help educators deepen students’ subject matter understanding and accelerate the speed of learning. This group
intends to expand its portfolio of instructional programs, combining print-based and digital instructional and assessment tools to deliver value to educators and build competitive advantages in the marketplace. The Educational Resources group offers
educators the broadest range and deepest assortment of basic school supplies, supplemental learning products, classroom equipment and furniture available from a single supplier. That positioning creates competitive advantages in the ability to
aggregate products and deliver materials in cross curricular and educational category kits. The group further differentiates itself through proprietary product development activities that result in innovative approaches to early childhood and
student learning. In addition, the Company offers a value-add consulting service to schools and school districts in order to provide time and money-saving options to school administrators 

  
 -34-

 EXHIBIT A 
 COPYRIGHT SECURITY AGREEMENT 
 This COPYRIGHT SECURITY AGREEMENT (this
“Copyright Security Agreement”) is made this             day of             ,
20            , by and among Grantors listed on the signature pages hereof (collectively, jointly and severally, “Grantors” and each individually
“Grantor”), and WELLS FARGO CAPITAL FINANCE, LLC, a Delaware limited liability company (“WFCF”), in its capacity as agent for the Lender Group and the Bank Product Providers (in such capacity, together with
its successors and assigns in such capacity, “Agent”). 
 W I T N E S
S E T H: 
 WHEREAS, pursuant to that certain Debtor-In-Possession Credit Agreement dated as of
January 31, 2013 (as amended, restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”) by and among School Specialty, Inc., a Wisconsin corporation (“Parent”),
ClassromDirect.com, LLC, a Delaware limited liability company (“ClassroomDirect”), Sportime, LLC, a Delaware limited liability company (“Sportime”), Delta Education, LLC, a Delaware limited liability company
(“Delta Education”), Premier Agendas, Inc., a Washington corporation (“Premier Agendas”), Childcraft Education Corp., a New York corporation (“Childcraft”), Bird-in-Hand Woodworks, Inc., a New
Jersey corporation (“Bird-in-Hand”), Califone International, Inc., a Delaware corporation (“Califone”; together with Parent, ClassroomDirect, Sportime, Delta Education, Premier Agendas, Childcraft and Bird-in-Hand,
the “Borrowers” and each a “Borrower”), the lenders party thereto as “Lenders” (each of such Lenders, together with its successors and permitted assigns, is referred to hereinafter as a
“Lender”), Agent, and WFCF and General Electric Capital Corporation, a Delaware corporation, as co-collateral agents (the “Co-Collateral Agents” and each a “Co-Collateral Agent”), the Lender Group
has agreed to make certain financial accommodations available to Borrowers from time to time pursuant to the terms and conditions thereof; and 
 WHEREAS, the members of the Lender Group and the Bank Product Providers are willing to make the financial accommodations to Borrowers as provided for in the Credit Agreement, the other Loan Documents, and
the Bank Product Agreements, but only upon the condition, among others, that Grantors shall have executed and delivered to Agent, for the benefit of the Lender Group and the Bank Product Providers, that certain Guaranty and Security Agreement, dated
as of January 31, 2013 (including all annexes, exhibits or schedules thereto, as from time to time amended, restated, supplemented or otherwise modified, the “Guaranty and Security Agreement”); and 

WHEREAS, pursuant to the Guaranty and Security Agreement, Grantors are required to execute and deliver to Agent, for the benefit of the
Lender Group and the Bank Product Providers, this Copyright Security Agreement; 
 NOW, THEREFORE, in consideration of the
premises and mutual covenants herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Grantors hereby agree as follows: 

  
 A-1

 1. DEFINED TERMS. All initially capitalized terms used but not otherwise defined
herein have the meanings given to them in the Guaranty and Security Agreement or, if not defined therein, in the Credit Agreement, and this Copyright Security Agreement shall be subject to the rules of construction set forth in
Section 1(b) of the Guaranty and Security Agreement, which rules of construction are incorporated herein by this reference, mutatis mutandis. 
 2. GRANT OF SECURITY INTEREST IN COPYRIGHT COLLATERAL. Each Grantor hereby unconditionally grants, assigns, and pledges to Agent, for the benefit each member of the Lender Group and each of the
Bank Product Providers, to secure the Secured Obligations, a continuing security interest (referred to in this Copyright Security Agreement as the “Security Interest”) in all of such Grantor’s right, title and interest in and
to the following, whether now owned or hereafter acquired or arising (collectively, the “Copyright Collateral”): 
 (a) all of such Grantor’s Copyrights and Copyright Intellectual Property Licenses to which it is a party including those referred to on Schedule I; 

(b) all renewals or extensions of the foregoing; and 
 (c) all products and proceeds of the foregoing, including any claim by such Grantor against third parties for past, present or future infringement of any Copyright or any Copyright exclusively licensed
under any Intellectual Property License, including the right to receive damages, or the right to receive license fees, royalties, and other compensation under any Copyright Intellectual Property License. 

3. SECURITY FOR SECURED OBLIGATIONS. This Copyright Security Agreement and the Security Interest created hereby secures the
payment and performance of the Secured Obligations, whether now existing or arising hereafter. Without limiting the generality of the foregoing, this Copyright Security Agreement secures the payment of all amounts which constitute part of the
Secured Obligations and would be owed by Grantors, or any of them, to Agent, the other members of the Lender Group, the Bank Product Providers or any of them, whether or not they are unenforceable or not allowable due to the existence of an
Insolvency Proceeding involving any Grantor. 
 4. SECURITY AGREEMENT. The Security Interest granted pursuant to this
Copyright Security Agreement is granted in conjunction with the security interests granted to Agent, for the benefit of the Lender Group and the Bank Product Providers, pursuant to the Guaranty and Security Agreement. Each Grantor hereby
acknowledges and affirms that the rights and remedies of Agent with respect to the Security Interest in the Copyright Collateral made and granted hereby are more fully set forth in the Guaranty and Security Agreement, the terms and provisions of
which are incorporated by reference herein as if fully set forth herein. To the extent there is any inconsistency between this Copyright Security Agreement and the Guaranty and Security Agreement, the Guaranty and Security Agreement shall control.

 5. AUTHORIZATION TO SUPPLEMENT. Grantors shall give Agent written notice at the end of the calendar month after filing
any additional application for registration of any copyright and of any additional copyright registrations granted therefor after the date hereof. Without limiting Grantors’ obligations under this Section, Grantors hereby authorize Agent
unilaterally to modify this Copyright Security Agreement by amending Schedule I to include any 

  
 A-2

 
future United States registered copyrights or applications therefor of each Grantor. Notwithstanding the foregoing, no failure to so modify this Copyright Security Agreement or amend Schedule
I shall in any way affect, invalidate or detract from Agent’s continuing security interest in all Collateral, whether or not listed on Schedule I. 
 6. COUNTERPARTS. This Copyright Security Agreement is a Loan Document. This Copyright Security Agreement may be executed in any number of counterparts and by different parties on separate
counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute but one and the same Copyright Security Agreement. Delivery of an executed counterpart of this
Copyright Security Agreement by telefacsimile or other electronic method of transmission shall be equally as effective as delivery of an original executed counterpart of this Copyright Security Agreement. Any party delivering an executed counterpart
of this Copyright Security Agreement by telefacsimile or other electronic method of transmission also shall deliver an original executed counterpart of this Copyright Security Agreement but the failure to deliver an original executed counterpart
shall not affect the validity, enforceability, and binding effect of this Copyright Security Agreement. 
 7. CHOICE OF LAW
AND VENUE, JURY TRIAL WAIVER, AND JUDICIAL REFERENCE PROVISION. THIS COPYRIGHT SECURITY AGREEMENT SHALL BE SUBJECT TO THE PROVISIONS REGARDING CHOICE OF LAW AND VENUE, JURY TRIAL WAIVER, AND JUDICIAL REFERENCE SET FORTH IN SECTION 25 OF
THE GUARANTY AND SECURITY AGREEMENT, AND SUCH PROVISIONS ARE INCORPORATED HEREIN BY THIS REFERENCE, MUTATIS MUTANDIS. 

[signature page follows] 

  
 A-3

 IN WITNESS WHEREOF, the parties hereto have caused this Copyright Security Agreement to be
executed and delivered as of the day and year first above written. 
  

							
	GRANTORS:	 		 	 
				
		 		 	By:	 	 
		 		 	Name:	 	 
		 		 	Title:	 	 
			
		 		 	 
				
		 		 	By:	 	 
		 		 	Name:	 	 
		 		 	Title:	 	 
			
		 		 	ACCEPTED AND ACKNOWLEDGED BY:
			
	AGENT:	 		 	 WELLS FARGO CAPITAL FINANCE, LLC, a
 Delaware limited liability company

				
		 		 	By:	 	 
		 		 	Name:	 	 
		 		 	Title:	 	 

 [SIGNATURE PAGE TO COPYRIGHT SECURITY AGREEMENT] 

 SCHEDULE I 
 to 
 COPYRIGHT SECURITY AGREEMENT 

Copyright Registrations 
  

									
	 Grantor
	 	 Country
	 	 Copyright
	  	Registration No.	  	Registration Date

 Copyright Licenses 

 EXHIBIT B 

PATENT SECURITY AGREEMENT 
 This PATENT SECURITY AGREEMENT (this “Patent Security Agreement”) is made this             day of
            , 20            , by and among the Grantors listed on the signature pages hereof (collectively, jointly and
severally, “Grantors” and each individually “Grantor”), and WELLS FARGO CAPITAL FINANCE, LLC, a Delaware limited liability company (“WFCF”), in its capacity as agent for the Lender Group and
the Bank Product Providers (in such capacity, together with its successors and assigns in such capacity, “Agent”). 
 W I T N E S S E T H: 
 WHEREAS, pursuant to that certain Debtor-In-Possession Credit Agreement dated as of January 31, 2013 (as amended, restated, supplemented, or otherwise modified from time to time, the
“Credit Agreement”) by and among School Specialty, Inc., a Wisconsin corporation (“Parent”), ClassromDirect.com, LLC, a Delaware limited liability company (“ClassroomDirect”), Sportime, LLC, a
Delaware limited liability company (“Sportime”), Delta Education, LLC, a Delaware limited liability company (“Delta Education”), Premier Agendas, Inc., a Washington corporation (“Premier Agendas”),
Childcraft Education Corp., a New York corporation (“Childcraft”), Bird-in-Hand Woodworks, Inc., a New Jersey corporation (“Bird-in-Hand”), Califone International, Inc., a Delaware corporation
(“Califone”; together with Parent, ClassroomDirect, Sportime, Delta Education, Premier Agendas, Childcraft and Bird-in-Hand, the “Borrowers” and each a “Borrower”), the lenders party thereto as
“Lenders” (each of such Lenders, together with its successors and permitted assigns, is referred to hereinafter as a “Lender”), Agent, and WFCF and General Electric Capital Corporation, a Delaware corporation, as
co-collateral agents (the “Co-Collateral Agents” and each a “Co-Collateral Agent”), the Lender Group has agreed to make certain financial accommodations available to Borrowers from time to time pursuant to the terms
and conditions thereof; and 
 WHEREAS, the members of Lender Group and the Bank Product Providers are willing to make the
financial accommodations to Borrowers as provided for in the Credit Agreement, the other Loan Documents, and the Bank Product Agreements, but only upon the condition, among others, that the Grantors shall have executed and delivered to Agent, for
the benefit of the Lender Group and the Bank Product Providers, that certain Guaranty and Security Agreement, dated as of January 31, 2013 (including all annexes, exhibits or schedules thereto, as from time to time amended, restated,
supplemented or otherwise modified, the “Guaranty and Security Agreement”); and 
 WHEREAS, pursuant to the
Guaranty and Security Agreement, Grantors are required to execute and deliver to Agent, for the benefit of the Lender Group and the Bank Product Providers, this Patent Security Agreement; 

NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, each Grantor hereby agrees as follows: 

  
 B-1

 1. DEFINED TERMS. All initially capitalized terms used but not otherwise defined
herein have the meanings given to them in the Guaranty and Security Agreement or, if not defined therein, in the Credit Agreement, and this Patent Security Agreement shall be subject to the rules of construction set forth in Section 1(b)
of the Guaranty and Security Agreement, which rules of construction are incorporated herein by this reference, mutatis mutandis. 
 2. GRANT OF SECURITY INTEREST IN PATENT COLLATERAL. Each Grantor hereby unconditionally grants, assigns, and pledges to Agent, for the benefit each member of the Lender Group and each of the Bank
Product Providers, to secure the Secured Obligations, a continuing security interest (referred to in this Patent Security Agreement as the “Security Interest”) in all of such Grantor’s right, title and interest in and to the
following, whether now owned or hereafter acquired or arising (collectively, the “Patent Collateral”): 
 (a)
all of its Patents and Patent Intellectual Property Licenses to which it is a party including those referred to on Schedule I; 
 (b) all divisionals, continuations, continuations-in-part, reissues, reexaminations, or extensions of the foregoing; and 
 (c) all products and proceeds of the foregoing, including any claim by such Grantor against third parties for past, present or future infringement of any Patent or any Patent exclusively licensed under
any Intellectual Property License, including the right to receive damages, or right to receive license fees, royalties, and other compensation under any Patent Intellectual Property License. 

3. SECURITY FOR SECURED OBLIGATIONS. This Patent Security Agreement and the Security Interest created hereby secures the payment
and performance of the Secured Obligations, whether now existing or arising hereafter. Without limiting the generality of the foregoing, this Patent Security Agreement secures the payment of all amounts which constitute part of the Secured
Obligations and would be owed by Grantors, or any of them, to Agent, the other members of the Lender Group, the Bank Product Providers or any of them, whether or not they are unenforceable or not allowable due to the existence of an Insolvency
Proceeding involving any Grantor. 
 4. SECURITY AGREEMENT. The Security Interest granted pursuant to this Patent
Security Agreement is granted in conjunction with the security interests granted to Agent, for the benefit of the Lender Group and the Bank Product Providers, pursuant to the Guaranty and Security Agreement. Each Grantor hereby acknowledges and
affirms that the rights and remedies of Agent with respect to the Security Interest in the Patent Collateral made and granted hereby are more fully set forth in the Guaranty and Security Agreement, the terms and provisions of which are incorporated
by reference herein as if fully set forth herein. To the extent there is any inconsistency between this Patent Security Agreement and the Guaranty and Security Agreement, the Guaranty and Security Agreement shall control. 

5. AUTHORIZATION TO SUPPLEMENT. If any Grantor shall obtain rights to any new patent application or issued patent or become
entitled to the benefit of any patent application or patent for any divisional, continuation, continuation-in-part, reissue, or reexamination of any existing patent or patent application, the provisions of this Patent Security

  
 B-2

 
Agreement shall automatically apply thereto. Grantors shall give prompt notice in writing to Agent with respect to any such new patent rights. Without limiting Grantors’ obligations under
this Section, Grantors hereby authorize Agent unilaterally to modify this Patent Security Agreement by amending Schedule I to include any such new patent rights of each Grantor. Notwithstanding the foregoing, no failure to so modify this
Patent Security Agreement or amend Schedule I shall in any way affect, invalidate or detract from Agent’s continuing security interest in all Collateral, whether or not listed on Schedule I. 

6. COUNTERPARTS. This Patent Security Agreement is a Loan Document. This Patent Security Agreement may be executed in any number
of counterparts and by different parties on separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute but one and the same Patent Security Agreement.
Delivery of an executed counterpart of this Patent Security Agreement by telefacsimile or other electronic method of transmission shall be equally as effective as delivery of an original executed counterpart of this Patent Security Agreement. Any
party delivering an executed counterpart of this Patent Security Agreement by telefacsimile or other electronic method of transmission also shall deliver an original executed counterpart of this Patent Security Agreement but the failure to deliver
an original executed counterpart shall not affect the validity, enforceability, and binding effect of this Patent Security Agreement. 
 7. CHOICE OF LAW AND VENUE, JURY TRIAL WAIVER, AND JUDICIAL REFERENCE PROVISION. THIS PATENT SECURITY AGREEMENT SHALL BE SUBJECT TO THE PROVISIONS REGARDING CHOICE OF LAW AND VENUE, JURY
TRIAL WAIVER, AND JUDICIAL REFERENCE SET FORTH IN SECTION 25 OF THE GUARANTY AND SECURITY AGREEMENT, AND SUCH PROVISIONS ARE INCORPORATED HEREIN BY THIS REFERENCE, MUTATIS MUTANDIS. 

[signature page follows] 

  
 B-3

 IN WITNESS WHEREOF, the parties hereto have caused this Patent Security Agreement to be
executed and delivered as of the day and year first above written. 
  

							
	GRANTORS:	 		 	 
				
		 		 	By:	 	 
		 		 	Name:	 	 
		 		 	Title:	 	 
			
		 		 	 
				
		 		 	By:	 	 
		 		 	Name:	 	 
		 		 	Title:	 	 
			
		 		 	 ACCEPTED AND ACKNOWLEDGED BY:

			
	AGENT:	 		 	 WELLS FARGO CAPITAL FINANCE, LLC, a
 Delaware limited liability company

				
		 		 	By:	 	 
		 		 	Name:	 	 
		 		 	Title:	 	 

 [SIGNATURE PAGE TO PATENT SECURITY AGREEMENT] 

 SCHEDULE I 
 to 
 PATENT SECURITY AGREEMENT 

Patents 
  

									
	 Grantor
	 	 Country
	 	 Patent
	  	Application/
Patent No.	  	Filing Date

 Patent Licenses 

 EXHIBIT C 

PLEDGED INTERESTS ADDENDUM 
 This Pledged Interests Addendum, dated as of             , 20            (this
“Pledged Interests Addendum”), is delivered pursuant to Section 7 of the Guaranty and Security Agreement referred to below. The undersigned hereby agrees that this Pledged Interests Addendum may be attached to that
certain Guaranty and Security Agreement, dated as of January 31, 2013, (as amended, restated, supplemented, or otherwise modified from time to time, the “Guaranty and Security Agreement”), made by the undersigned, together with
the other Grantors named therein, to WELLS FARGO CAPITAL FINANCE, LLC, a Delaware limited liability company, as Agent. Initially capitalized terms used but not defined herein shall have the meaning ascribed to such terms in the Guaranty and
Security Agreement or, if not defined therein, in the Credit Agreement, and this Pledged Interests Addendum shall be subject to the rules of construction set forth in Section 1(b) of the Guaranty and Security Agreement, which rules of
construction are incorporated herein by this reference, mutatis mutandis. The undersigned hereby agrees that the additional interests listed on Schedule I shall be and become part of the Pledged Interests pledged by the undersigned to
Agent in the Guaranty and Security Agreement and any pledged company set forth on Schedule I shall be and become a “Pledged Company” under the Guaranty and Security Agreement, each with the same force and effect as if originally
named therein. 
 This Pledged interests Addendum is a Loan Document. Delivery of an executed counterpart of this Pledged
Interests Addendum by telefacsimile or other electronic method of transmission shall be equally as effective as delivery of an original executed counterpart of this Pledged Interests Addendum. If the undersigned delivers an executed counterpart of
this Pledged Interests Addendum by telefacsimile or other electronic method of transmission, the undersigned shall also deliver an original executed counterpart of this Pledged Interests Addendum but the failure to deliver an original executed
counterpart shall not affect the validity, enforceability, and binding effect of this Pledged Interests Addendum. 
 The
undersigned hereby certifies that the representations and warranties set forth in Section 6 of the Guaranty and Security Agreement of the undersigned are true and correct as to the Pledged Interests listed herein on and as of the date
hereof. 
 THIS PLEDGED INTERESTS ADDENDUM SHALL BE SUBJECT TO THE PROVISIONS REGARDING CHOICE OF LAW AND VENUE, JURY TRIAL
WAIVER, AND JUDICIAL REFERENCE SET FORTH IN SECTION 25 OF THE GUARANTY AND SECURITY AGREEMENT, AND SUCH PROVISIONS ARE INCORPORATED HEREIN BY THIS REFERENCE, MUTATIS MUTANDIS. 

[signature page follows] 

  
 C-1

 IN WITNESS WHEREOF, the undersigned has caused this Pledged Interests Addendum to be
executed and delivered as of the day and year first above written. 

			
	 
		
	By:	 	 
	Name:	 	 
	Title:	 	 

 [SIGNATURE PAGE TO PLEDGED INTERESTS ADDENDUM] 

 SCHEDULE I 
 to 
 PLEDGED INTERESTS ADDENDUM 

Pledged Interests 
  

											
	 Name of Grantor
	 	 Name of Pledged
Company
	 	 Number of

Shares/Units
	  	Class of Interests	  	Percentage of Class
Owned	  	Certificate Nos.

 EXHIBIT D 

TRADEMARK SECURITY AGREEMENT 
 This TRADEMARK SECURITY AGREEMENT (this “Trademark Security Agreement”) is made this             day of
            , 20            , by and among Grantors listed on the signature pages hereof (collectively, jointly and severally,
“Grantors” and each individually “Grantor”), and WELLS FARGO CAPITAL FINANCE, LLC, a Delaware limited liability company (“WFCF”), in its capacity as agent for the Lender Group and the Bank
Product Providers (in such capacity, together with its successors and assigns in such capacity, “Agent”). 
 W I
T N E S S E T H: 
 WHEREAS, pursuant to that certain Debtor-In-Possession Credit Agreement dated as of January 31, 2013
(as amended, restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”) by and among School Specialty, Inc., a Wisconsin corporation (“Parent”), ClassromDirect.com, LLC, a Delaware
limited liability company (“ClassroomDirect”), Sportime, LLC, a Delaware limited liability company (“Sportime”), Delta Education, LLC, a Delaware limited liability company (“Delta Education”),
Premier Agendas, Inc., a Washington corporation (“Premier Agendas”), Childcraft Education Corp., a New York corporation (“Childcraft”), Bird-in-Hand Woodworks, Inc., a New Jersey corporation
(“Bird-in-Hand”), Califone International, Inc., a Delaware corporation (“Califone”; together with Parent, ClassroomDirect, Sportime, Delta Education, Premier Agendas, Childcraft and Bird-in-Hand, the
“Borrowers” and each a “Borrowers”), the lenders party thereto as “Lenders” (each of such Lenders, together with its successors and permitted assigns, is referred to hereinafter as a
“Lender”), Agent, and WFCF and General Electric Capital Corporation, a Delaware corporation, as co-collateral agents (the “Co-Collateral Agents” and each a “Co-Collateral Agent”), the Lender Group
has agreed to make certain financial accommodations available to Borrowers from time to time pursuant to the terms and conditions thereof; and 
 WHEREAS, the members of the Lender Group and the Bank Product Providers are willing to make the financial accommodations to Borrowers as provided for in the Credit Agreement, the other Loan Documents, and
the Bank Product Agreements, but only upon the condition, among others, that Grantors shall have executed and delivered to Agent, for the benefit of Lender Group and the Bank Product Providers, that certain Guaranty and Security Agreement, dated as
of January 31, 2013 (including all annexes, exhibits or schedules thereto, as from time to time amended, restated, supplemented or otherwise modified, the “Guaranty and Security Agreement”); and 

WHEREAS, pursuant to the Guaranty and Security Agreement, Grantors are required to execute and deliver to Agent, for the benefit of
Lender Group and the Bank Product Providers, this Trademark Security Agreement; 
 NOW, THEREFORE, in consideration of the
premises and mutual covenants herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each Grantor hereby agrees as follows: 

  
 D-1

 1. DEFINED TERMS. All initially capitalized terms used but not otherwise defined
herein have the meanings given to them in the Guaranty and Security Agreement or, if not defined therein, in the Credit Agreement, and this Trademark Security Agreement shall be subject to the rules of construction set forth in
Section 1(b) of the Guaranty and Security Agreement, which rules of construction are incorporated herein by this reference, mutatis mutandis. 
 2. GRANT OF SECURITY INTEREST IN TRADEMARK COLLATERAL. Each Grantor hereby unconditionally grants, assigns, and pledges to Agent, for the benefit each member of the Lender Group and each of the
Bank Product Providers, to secure the Secured Obligations, a continuing security interest (referred to in this Trademark Security Agreement as the “Security Interest”) in all of such Grantor’s right, title and interest in and
to the following, whether now owned or hereafter acquired or arising (collectively, the “Trademark Collateral”): 
 (a) all of its Trademarks and Trademark Intellectual Property Licenses to which it is a party including those referred to on Schedule I; 

(b) all goodwill of the business connected with the use of, and symbolized by, each Trademark and each Trademark Intellectual Property
License; and 
 (c) all products and proceeds (as that term is defined in the Code) of the foregoing, including any claim by
such Grantor against third parties for past, present or future (i) infringement or dilution of any Trademark or any Trademarks exclusively licensed under any Intellectual Property License, including right to receive any damages,
(ii) injury to the goodwill associated with any Trademark, or (iii) right to receive license fees, royalties, and other compensation under any Trademark Intellectual Property License. 

3. SECURITY FOR SECURED OBLIGATIONS. This Trademark Security Agreement and the Security Interest created hereby secures the
payment and performance of the Secured Obligations, whether now existing or arising hereafter. Without limiting the generality of the foregoing, this Trademark Security Agreement secures the payment of all amounts which constitute part of the
Secured Obligations and would be owed by Grantors, or any of them, to Agent, the other members of the Lender Group, the Bank Product Providers or any of them, whether or not they are unenforceable or not allowable due to the existence of an
Insolvency Proceeding involving any Grantor. 
 4. SECURITY AGREEMENT. The Security Interest granted pursuant to this
Trademark Security Agreement is granted in conjunction with the security interests granted to Agent, for the benefit of the Lender Group and the Bank Product Providers, pursuant to the Guaranty and Security Agreement. Each Grantor hereby
acknowledges and affirms that the rights and remedies of Agent with respect to the Security Interest in the Trademark Collateral made and granted hereby are more fully set forth in the Guaranty and Security Agreement, the terms and provisions of
which are incorporated by reference herein as if fully set forth herein. To the extent there is any inconsistency between this Trademark Security Agreement and the Guaranty and Security Agreement, the Guaranty and Security Agreement shall control.

  
 D-2

 5. AUTHORIZATION TO SUPPLEMENT. If any Grantor shall obtain rights to any new
trademarks, the provisions of this Trademark Security Agreement shall automatically apply thereto. Grantors shall give prompt notice in writing to Agent with respect to any such new trademarks or renewal or extension of any trademark registration.
Without limiting Grantors’ obligations under this Section, Grantors hereby authorize Agent unilaterally to modify this Trademark Security Agreement by amending Schedule I to include any such new trademark rights of each Grantor.
Notwithstanding the foregoing, no failure to so modify this Trademark Security Agreement or amend Schedule I shall in any way affect, invalidate or detract from Agent’s continuing security interest in all Collateral, whether or not
listed on Schedule I. 
 6. COUNTERPARTS. This Trademark Security Agreement is a Loan Document. This Trademark
Security Agreement may be executed in any number of counterparts and by different parties on separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall
constitute but one and the same Trademark Security Agreement. Delivery of an executed counterpart of this Trademark Security Agreement by telefacsimile or other electronic method of transmission shall be equally as effective as delivery of an
original executed counterpart of this Trademark Security Agreement. Any party delivering an executed counterpart of this Trademark Security Agreement by telefacsimile or other electronic method of transmission also shall deliver an original executed
counterpart of this Trademark Security Agreement but the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this Trademark Security Agreement. 

7. CHOICE OF LAW AND VENUE, JURY TRIAL WAIVER, AND JUDICIAL REFERENCE PROVISION. THIS TRADEMARK SECURITY AGREEMENT SHALL BE
SUBJECT TO THE PROVISIONS REGARDING CHOICE OF LAW AND VENUE, JURY TRIAL WAIVER, AND JUDICIAL REFERENCE SET FORTH IN SECTION 25 OF THE GUARANTY AND SECURITY AGREEMENT, AND SUCH PROVISIONS ARE INCORPORATED HEREIN BY THIS REFERENCE, MUTATIS
MUTANDIS. 
 [signature page follows] 

  
 D-3

 IN WITNESS WHEREOF, the parties hereto have caused this Trademark Security Agreement to be
executed and delivered as of the day and year first above written. 
  

							
	GRANTORS:	 		 	 
				
		 		 	By:	 	 
		 		 	Name:	 	 
		 		 	Title:	 	 
			
		 		 	 
				
		 		 	By:	 	 
		 		 	Name:	 	 
		 		 	Title:	 	 
			
		 		 	 ACCEPTED AND ACKNOWLEDGED BY:

			
	AGENT:	 		 	 WELLS FARGO CAPITAL FINANCE, LLC, a
 Delaware limited liability company

				
		 		 	By:	 	 
		 		 	Name:	 	 
		 		 	Title:	 	 

 [SIGNATURE PAGE TO TRADEMARK SECURITY AGREEMENT] 

 SCHEDULE I 
 to 
 TRADEMARK SECURITY AGREEMENT 

Trademark Registrations/Applications 
  

									
	 Grantor
	 	 Country
	 	 Mark
	  	Application/
Registration No.	  	App/Reg Date

 Trade Names 
 Common Law Trademarks 

Trademarks Not Currently In Use 
 Trademark Licenses

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