Document:

EX-4.1

 Exhibit 4.1 
 EXECUTION VERSION 
  

 
  

STOCKHOLDERS AGREEMENT 
 among 
 NEWPAGE HOLDINGS INC. 

and 
 EACH OF THE
STOCKHOLDERS PARTY HERETO 
 Dated as of December 21, 2012 

 
  

 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE I DEFINITIONS; INTERPRETATION
	  	 	2	  
		
	 SECTION 1.1 Definitions
	  	 	2	  
		
	 SECTION 1.2 Rules of Interpretation
	  	 	10	  
		
	 ARTICLE II BOARD OF DIRECTORS AND GOVERNANCE
	  	 	10	  
		
	 SECTION 2.1 Board Composition; Election and Removal of Directors
	  	 	10	  
		
	 SECTION 2.2 Action by the Board; Affiliate Transactions
	  	 	12	  
		
	 SECTION 2.3 D&O Indemnification and Insurance
	  	 	12	  
		
	 SECTION 2.4 Reimbursement and Compensation
	  	 	12	  
		
	 SECTION 2.5 Actions Requiring Stockholder Approval
	  	 	13	  
		
	 ARTICLE III ACCESS TO INFORMATION
	  	 	14	  
		
	 SECTION 3.1 Exchange Act Registration
	  	 	14	  
		
	 SECTION 3.2 Information to be Provided by the Company
	  	 	14	  
		
	 ARTICLE IV CERTIFICATE OF INCORPORATION AND BYLAWS
	  	 	15	  
		
	 ARTICLE V TRANSFERS OF SHARES
	  	 	15	  
		
	 SECTION 5.1 Restrictions on Transfers
	  	 	15	  
		
	 SECTION 5.2 Legend on Certificates
	  	 	16	  
		
	 SECTION 5.3 No Circumvention of Stock Transfer Restrictions
	  	 	17	  
		
	 SECTION 5.4 Drag-Along—Employee Stockholders
	  	 	17	  
		
	 SECTION 5.5 Tag-Along—Employee Stockholders
	  	 	19	  
		
	 ARTICLE VI ADDITIONAL AGREEMENTS
	  	 	20	  
		
	 SECTION 6.1 Preemptive Rights
	  	 	20	  
		
	 SECTION 6.2 Confidentiality
	  	 	22	  
		
	 ARTICLE VII
	  	 	23	  
		
	 SECTION 7.1 IPO Covenant
	  	 	23	  

					
	 SECTION 7.2 Demand Registration
	  	 	24	  
		
	 SECTION 7.3 Piggyback Registration
	  	 	26	  
		
	 SECTION 7.4 Registration Procedures
	  	 	27	  
		
	 SECTION 7.5 Registration Expenses
	  	 	31	  
		
	 SECTION 7.6 Underwriting Requirements
	  	 	31	  
		
	 SECTION 7.7 Indemnification
	  	 	32	  
		
	 SECTION 7.8 Rule 144 Information
	  	 	35	  
		
	 SECTION 7.9 Miscellaneous Registration Rights Provisions
	  	 	35	  
		
	 ARTICLE VIII MISCELLANEOUS
	  	 	36	  
		
	 SECTION 8.1 Term; Termination
	  	 	36	  
		
	 SECTION 8.2 Amendments and Modifications
	  	 	36	  
		
	 SECTION 8.3 Action by Stockholders
	  	 	36	  
		
	 SECTION 8.4 After-Acquired Shares
	  	 	36	  
		
	 SECTION 8.5 Notices
	  	 	36	  
		
	 SECTION 8.6 Binding Effect; Successors and Assigns
	  	 	37	  
		
	 SECTION 8.7 Entire Agreement
	  	 	37	  
		
	 SECTION 8.8 Counterparts; Headings
	  	 	37	  
		
	 SECTION 8.9 Primary Indemnitor
	  	 	38	  
		
	 SECTION 8.10 Further Acts and Assurances
	  	 	38	  
		
	 SECTION 8.11 Governing Law; Consent to Jurisdiction
	  	 	38	  
		
	 SECTION 8.12 Injunctive Relief
	  	 	39	  
		
	 SECTION 8.13 Severability
	  	 	39	  
		
	 SECTION 8.14 Recapitalization, Etc.
	  	 	39	  

  
 - ii -

					
	Schedule 1:	 	Initial Stockholders	  	
			
	Schedule 2:	 	Designating Stockholders	  	
			
	Exhibit A:	 	Certificate of Incorporation	  	
			
	Exhibit B:	 	Bylaws	  	
			
	Exhibit C:	 	Form of Joinder Agreement	  	

  
 - iii -

 STOCKHOLDERS AGREEMENT 

This STOCKHOLDERS AGREEMENT, dated as of December 21, 2012 (this “Agreement”), is entered into among NEWPAGE
HOLDINGS INC., a Delaware corporation (the “Company”), and the Stockholders and each Person that hereafter becomes a Stockholder and is required by this Agreement to become a Party hereto and, solely for purposes of Sections 5.4
and 5.5, the Employee Stockholders. Capitalized terms not otherwise defined herein have the meanings set forth in Article I. 
 W I T N E S S E T H: 
 WHEREAS, on September 7, 2011, NewPage Corporation, a
Delaware corporation (“NPC”) and its affiliated co-debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code, 11 U.S.C. §§ 101, et seq, (the “Bankruptcy
Code”), thereby initiating Case No. 11-12804 with the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), and continued to operate their businesses as debtors and debtors-in-possession
pursuant to sections 1107(a) and 1108 of the Bankruptcy Code; 
 WHEREAS, the Modified Fourth Amended Plan of Reorganization for
NewPage Corporation, as confirmed by an order of the Bankruptcy Court entered on December 14, 2012 (the “Plan”), provides that on the Effective Date, NPC will become a wholly-owned indirect Subsidiary of the Company, and the
Company will issue shares of Common Stock to the Initial Stockholders; 
 WHEREAS, in connection with the consummation of the
transactions contemplated by the Plan, and as required pursuant to the Plan as a condition to the receipt of such shares, the Company and the Initial Stockholders are entering into this Agreement to provide certain rights and obligations among them;
and 
 WHEREAS, each Person who receives shares of Common Stock pursuant to the Plan (and their respective successors and
assigns) shall automatically be deemed a party to this Agreement as a “Stockholder” hereunder, whether such Person receives such shares on or after the Effective Date and regardless of whether such Person executes or delivers a signature
page to this Agreement. 
 NOW, THEREFORE, in consideration of the premises set forth herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto, intending to be legally bound hereby, agree as follows: 

 ARTICLE I 
 DEFINITIONS; INTERPRETATION 
 SECTION 1.1 Definitions. The following terms
shall have the meanings set forth below: 
 “Acceptance Notice” has the meaning set forth in
Section 6.1(c). 
 “Advice” has the meaning set forth in Section 7.4. 

“Affiliate” means, with respect to any specified Person, any other Person directly or indirectly controlling or
controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of
such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 

“Affiliate Transaction” means any transaction or arrangement between or among the (a) Company or any of its
Subsidiaries, on the one hand, and (b) any Director or executive officer of the Company or any of its Subsidiaries, any Stockholder, or any Affiliate, partner or family member of any such Person, or any executive officer, director or employee
of any Stockholder, on the other hand (other than employment or compensation arrangements in the ordinary course consistent with past practice approved in accordance with this Agreement). 

“Agreement” has the meaning set forth in the preamble of this Agreement. 

“Bankruptcy Code” has the meaning set forth in the recitals to this Agreement. 

“Bankruptcy Court” has the meaning set forth in the recitals to this Agreement. 

“Beneficial Ownership” or “Beneficially Own” has the meaning given to such term in Rule 13d-3 under the
Exchange Act and a Person’s Beneficial Ownership of securities shall be calculated in accordance with the provisions of such Rule. Notwithstanding anything to the contrary set forth herein, prior to the pledgee commencing action to foreclose
upon any shares of Common Stock pledged pursuant to any Qualified Pledge, such pledged shares of Common Stock will be deemed Beneficially Owned by the pledging party. 
 “Board” means the Board of Directors of the Company. 

“Breaching Employee Stockholder” has the meaning set forth in Section 5.4(e). 

“Business Day” means any day other than a Saturday, a Sunday or a day on which banks in New York, New York are
authorized or obligated by Law or executive order to close. 
 “Bylaws” means the bylaws of the Company, as may
be amended or modified from time to time. 

  
 2 

 “Cause” means, with respect to any Director, (a) willful misconduct or
gross negligence in the performance of such Director’s duties or responsibilities to the Company, (b) the violation of any material Company policy or agreement applicable to such Director, or (c) such Director’s conviction of, or
entry of a plea of guilty or nolo contendere with respect to, a felony or a crime involving an act of moral turpitude. 

“Centerbridge Director” has the meaning set forth in Section 2.1(a)(i). 

“Centerbridge Stockholders” means, collectively, (a) the Persons identified as “Initial Centerbridge
Stockholders” on Schedule 2 hereto, together with (b) any of their Affiliates or Related Funds that receives shares of Common Stock in a Transfer that complies with this Agreement and becomes a Stockholder hereunder. 

“Certificate of Incorporation” means the certificate of incorporation of the Company, as may be amended or modified from
time to time. 
 “Chairman” has the meaning set forth in Section 2.1(b). 

“Chief Executive Officer” means, at any particular time, the individual then serving as the Chief Executive Officer of
the Company. 
 “Common Stock” means the Company’s common stock, par value $0.001 per share, including any
subdivisions, combinations, splits or reclassifications thereof. 
 “Company” has the meaning set forth in the
preamble of this Agreement. 
 “Competitor” means any Person engaged (whether directly or indirectly)
(a) in the business of owning or operating paper mills or producing coated paper, supercalendered paper, or specialty paper or (b) in any other business in which the Company is, at any time in question, engaged and which accounts for
twenty percent (20%) or more of the consolidated revenues or EBITDA of the Company for the twelve (12) month period ended immediately prior to such time, or any Affiliate of any such Person; provided, that no Person shall be deemed
to be a Competitor solely on account of the ownership of twenty-five percent (25%) or less of (i) the outstanding shares of any class of equity securities traded on any national securities exchange and/or (ii) the outstanding
principal amount of any (x) loans under any credit facility of any such entity and/or (y) debt securities issued by any such entity. 
 “Confidential Information” means any information concerning the organization, business, technology, trade secrets, know-how, finance, transactions or affairs of a Person (whether conveyed
in written, oral or any other form and whether such information has been furnished before, on or after the date of this Agreement) that is not known to the public or otherwise publicly available. 

“Delay Period” has the meaning set forth in Section 7.2(e). 

“Demand Notice” has the meaning set forth in Section 7.2(a). 

“Demand Registration” has the meaning set forth in Section 7.2(c). 

  
 3 

 “Designated Directors” means, collectively, the Directors designated by the
Designating Stockholders pursuant to Section 2.1. 
 “Designating Stockholder” means, as
applicable, the Centerbridge Stockholders (for so long as they are entitled to designate a Designated Director pursuant to Section 2.1), the Goldman Stockholders (for so long as they are entitled to designate a Designated Director
pursuant to Section 2.1), the JPMC Stockholders (for so long as they are entitled to designate a Designated Director pursuant to Section 2.1) and the Oaktree Stockholders (for so long as they are entitled to designate a
Designated Director pursuant to Section 2.1). 
 “Director” means a member of the Board.

 “Director Designation Notice” has the meaning set forth in Section 2.1(a). 

“DGCL” means the Delaware General Corporation Law, as amended. 

“Dilutive Securities” has the meaning set forth in Section 6.1(a). 

“Disinterested Director” means, with respect to any matter, any Director other than a Director that has, directly or
indirectly, any pecuniary or other interest in such matter (other than any interest arising solely as a result of the ownership of Common Stock); provided, that no Designated Director shall be deemed to have a pecuniary or other interest in
any matter involving the Designating Stockholder entitled to designate such Designated Director solely as a result of such designation. 
 “Drag-Along Buyer” has the meaning set forth in Section 5.4(a). 
 “Drag-Along Closing” has the meaning set forth in Section 5.4(c). 
 “Drag-Along Notice” has the meaning set forth in Section 5.4(b). 
 “Drag-Along Seller” has the meaning set forth in Section 5.4(a). 
 “Effective Date” has the meaning given to such term in the Plan. 

“Effectiveness Period” has the meaning set forth in Section 7.2(d). 

“Eligible Stockholder” means, at any particular time, any Stockholder that Beneficially Owns (including all shares
Beneficially Owned by its Affiliates and Related Funds) at least five percent (5%) of the outstanding shares of Common Stock held by all Stockholders. 
 “Employee Stockholder” means any Person who Beneficially Owns shares of Common Stock received under or pursuant to the terms of the LTIP or any similar benefit or incentive programs or
agreements covering directors, employees or consultants of the Company and its Subsidiaries. 
 “Exchange Act”
means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated thereunder. 

  
 4 

 “FERC Condition” means all required Federal Energy Regulatory Commission
approvals under Section 203 of the Federal Power Act shall have been obtained with respect to the issuance of Common Stock to the Centerbridge Stockholders pursuant to the Plan. 

“FINRA” means the Financial Industry Regulatory Authority. 

“free writing prospectus” has the meaning set forth in Rule 405 under the Securities Act. 

“Fund Indemnitor” has the meaning set forth in Section 8.9. 

“GAAP” means, at any date of determination, generally accepted accounting principles in effect in the United States of
America and which are applicable as of the date of determination and which are consistently applied for all applicable periods. 

“Goldman Director” has the meaning set forth in Section 2.1(a)(ii). 

“Goldman Stockholders” means, collectively, (a) the Persons identified as “Initial Goldman Stockholders”
on Schedule 2 hereto, together with (b) any of their Affiliates or Related Funds that receives shares of Common Stock in a Transfer that complies with this Agreement and becomes a Stockholder hereunder. 

“Governmental Authority” means any court, tribunal, arbitrator, authority, agency, commission, official or any
non-governmental self-regulatory agency or other instrumentality of the United States of America, any foreign country, or any domestic or foreign state, county, city or other political subdivision. 

“Indemnified Party” has the meaning set forth in Section 7.7(c). 

“Indemnifying Party” has the meaning set forth in Section 7.7(c). 

“Indemnitee” has the meaning set forth in Section 8.9. 

“Initial Stockholder” means each Stockholders listed on Schedule 1 hereto. 

“Inspectors” has the meaning set forth in Section 7.4(j). 

“Interruption Period” has the meaning set forth in Section 7.4. 

“IPO” has the meaning set forth in Section 7.2(a)(i). 

“IPO Registration Statement” has the meaning set forth in Section 7.1(a). 

“IPO Target Date” has the meaning set forth in Section 7.1(a). 

“JPMC Director” has the meaning set forth in Section 2.1(a)(iii). 

  
 5 

 “JPMC Stockholders” means, collectively, (a) the Persons identified as
“Initial JPMC Stockholders” on Schedule 2 hereto, together with (b) any of their Affiliates or Related Funds that receives shares of Common Stock in a Transfer that complies with this Agreement and becomes a Stockholder
hereunder. 
 “Law” means any law, statute, rule, regulation, ordinance or other pronouncement having the
effect of law in the United States of America, any foreign country or any domestic or foreign state, county, city or other political subdivision or of any Governmental Authority. 

“Losses” has the meaning set forth in Section 7.7(a). 

“LTIP” means the NewPage Holdings Inc. 2012 Long-Term Incentive Plan. 

“Majority Sale” has the meaning set forth in Section 5.4(a). 

“Marketing Materials” has the meaning set forth in Section 7.7(a). 

“Notice of Preemptive Rights” has the meaning set forth in Section 6.1(b). 

“NPC” has the meaning set forth in the recitals to this Agreement. 

“Oaktree Director” has the meaning set forth in Section 2.1(a)(iv). 

“Oaktree Stockholders” means, collectively, (a) the Persons identified as “Initial Oaktree Stockholders”
on Schedule 2 hereto, together with (b) any of their Affiliates or Related Funds that receives shares of Common Stock in a Transfer that complies with this Agreement and becomes a Stockholder hereunder. 

“Other Purchasers” has the meaning set forth in Section 6.1(d). 

“Parties” means, collectively, at any particular time, the Company and each of the Stockholders party to this Agreement
at such time. Each of the Parties is referred to as a “Party.” 
 “Person” means an individual,
corporation, partnership, limited liability company, joint venture, association, joint stock company, trust or unincorporated organization, or government or any agency or political subdivision thereof. 

“Piggyback Registration” has the meaning set forth in Section 7.3(a). 

“Plan” has the meaning set forth in the preamble of this Agreement. 

“Proposed Transfer” has the meaning set forth in Section 5.1(b). 

“Pro Rata Portion” means: 
 (a) for purposes of Section 5.4 (drag-along rights), with respect to any Employee Stockholder, a number of shares of Common Stock determined by multiplying (i) the aggregate number of
shares of Common Stock Beneficially Owned by such Employee Stockholder by (ii) a fraction, the numerator of which is the aggregate number of shares of Common Stock proposed to be Transferred by the Drag-Along Seller to the Drag-Along Buyer and
the denominator of which is the aggregate number of shares of Common Stock Beneficially Owned by the Drag-Along Seller. 

  
 6 

 (b) for purposes of Section 5.5 (tag-along rights), (x) with respect to
each Tagging Stockholder, a number of shares of Common Stock determined by multiplying (i) the total number of shares of Common Stock proposed to be Transferred by the Selling Stockholder to the Tag-Along Buyer, by (ii) a fraction, the
numerator of which is the number of shares of Common Stock Beneficially Owned by the Tagging Stockholder and the denominator of which is the aggregate number of shares of Common Stock Beneficially Owned by the Selling Stockholder and all of the
Employee Stockholders, and (y) with respect to the Selling Stockholder, the total number of shares of Common Stock proposed to be Transferred by the Selling Stockholder minus the aggregate number of shares of Common Stock with respect to which
the Tagging Stockholders have exercised their “tag-along” rights pursuant to Section 5.5. 
 (c) for
purposes of Section 6.1 (preemptive rights), with respect to any Eligible Stockholder, a number of Dilutive Securities determined by multiplying (i) the aggregate number of Dilutive Securities the Company proposes to issue on the
relevant issuance date by (ii) a fraction, the numerator of which is the number of shares of Common Stock Beneficially Owned by such Eligible Stockholder immediately prior to such date and the denominator of which is the aggregate number of
shares of Common Stock Beneficially Owned by all Stockholders. 
 “Prospectus” means the prospectus included in
any Registration Statement (including a prospectus that discloses information previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A), as amended or supplemented by any prospectus
supplement, with respect to the terms of the offering of any portion of the Registrable Securities covered by such Registration Statement and all other amendments and supplements to such prospectus, including post-effective amendments, and all
material incorporated by reference or deemed to be incorporated by reference in such prospectus, including any free writing prospectus. 
 “Qualified Pledge” means a bona fide pledge of shares of Common Stock in connection with a secured borrowing transaction, the pledgee with respect to which is a financial institution in
the business of engaging in secured lending and similar transactions which has entered into such transaction in the ordinary course of such business. 
 “Qualified Public Offering” means a bona fide underwritten public offering of shares of Common Stock by a nationally recognized investment banking firm that is registered under the
Securities Act and that results in (a) the issuance and/or sale, pursuant to such offering, of shares constituting at least ten percent (10%) of the total outstanding shares of Common Stock (calculated on an as-issued basis) and
(b) the listing of such shares of Common Stock on The NASDAQ Stock Market or the New York Stock Exchange. 

“Records” has the meaning set forth in Section 7.4(j). 

  
 7 

 “Registrable Securities” means all shares of Common Stock Beneficially
Owned by any Stockholder, and any additional securities issued or distributed by way of a dividend or other distribution in respect of any such shares of Common Stock, provided, that any such securities shall cease to be Registrable
Securities (a) upon sale to the public pursuant to a Registration Statement or Rule 144 under the Securities Act or (b) upon repurchase by the Company. 
 “Registration” means registration under the Securities Act of an offering of Registrable Securities pursuant to Section 7.1 or pursuant to a Demand Registration or a Piggyback
Registration. 
 “Registration Statement” means any registration statement of the Company filed under the
Securities Act that covers any of the Registrable Securities pursuant to the provisions of this Agreement, including the related Prospectus, all amendments and supplements to such registration statement, including pre- and post-effective amendments,
all exhibits thereto and all material incorporated by reference or deemed to be incorporated by reference in such registration statement, and shall also include any registration statement filed pursuant to Rule 462(b) under the Securities Act to
register additional securities in connection with any offering. 
 “Related Fund” means, with respect to any
Person, (a) any fund, account or investment vehicle that is controlled or managed (i) by such Person, (ii) by any Affiliate of such Person or (iii) by the same investment manager or advisor as the investment manager or advisor
for such Person, or by an Affiliate of such investment manager or advisor or (b) any Person formed and controlled by any of the foregoing. 
 “Representative” means, with respect to any Person, such Person’s employees, officers, directors, legal counsel, accountants, financial advisors, consultants and other
representatives. 
 “Requesting Stockholder” has the meaning set forth in Section 5.1(b).

 “road show” has the meaning given to such term in Rule 433 under the Securities Act. 

“SEC” means the United States Securities and Exchange Commission, or any other Federal agency at the time administering
the Securities Act or the Exchange Act. 
 “Securities Act” means the Securities Act of 1933, as amended, and
the rules and regulations of the SEC promulgated thereunder. 
 “Selling Stockholder” has the meaning set forth
in Section 5.5(a). 
 “Shelf Registration” means a Registration Statement relating to Registrable
Securities to provide for the sale by the Stockholders thereof of the Registrable Securities from time to time on a delayed or continuous basis pursuant to Rule 415 under the Securities Act. 

“Stockholders” means, collectively, each of the Initial Stockholders and any other Person who (a) is a Transferee
of shares of Common Stock, whether from another Stockholder or from the Company and (b) is required by this Agreement to agree to be bound by the terms and conditions of this Agreement and, with respect to any Stockholder that is a natural
person shall 

  
 8 

 
include his or her legal representatives, executors or administrators when the context so requires. Each Person that receives shares of Common Stock pursuant to the Plan (and their respective
successors and assigns) shall automatically be deemed a party to this Agreement as a “Stockholder” hereunder, whether such Person receives such shares on or after the Effective Date (as defined in the Plan) and regardless of whether it
executes or delivers a signature page to this Agreement. 
 “Subsidiary” means, with respect to any specified
Person, any other Person in which such specified Person, directly or indirectly, (a) Beneficially Owns more than fifty percent (50%) of the outstanding equity interests, (b) has the power to elect, or to direct the election of, a
majority of the members of the board of directors or other governing body, (c) is a general partner, with respect to any such other Person that is a partnership, or (d) is the managing member or serves in a similar role, with respect to
any such other Person that is a limited liability company. 
 “Subsidiary Board” means, with respect to each
Subsidiary of the Company, its respective board of directors, board of managers or similar governing body. 
 “Tag-Along
Buyer” has the meaning set forth in Section 5.5(a). 
 “Tag-Along Notice” has the meaning
set forth in Section 5.5(b). 
 “Tag-Along Rights Holder” has the meaning set forth in
Section 5.5(a). 
 “Tagging Stockholder” has the meaning set forth in Section 5.5(a).

 “Transfer” means any direct or indirect sale, transfer, assignment, conveyance, pledge or other disposition,
including by merger, operation of law, bequest or pursuant to any domestic relations order, whether voluntarily or involuntarily, provided, however that (a) any sale, transfer, assignment, conveyance or other disposition to the
Company or any Subsidiary of the Company shall not be a Transfer, (b) no Transfer of shares of Common Stock shall be deemed to have occurred as a result of the entry into, modification of or existence of any Qualified Pledge, it being
understood and agreed that a Qualified Pledge does not convey upon the pledgee any of the rights of a Stockholder under this Agreement, including any right to vote, or to direct the vote, of the pledged shares of Common Stock and (c) any
foreclosure, transfer in lieu of foreclosure or other enforcement of any Qualified Pledge shall be deemed to constitute a Transfer hereunder. 
 “Transfer Approval Period” has the meaning set forth in Section 5.1(b). 
 “Transferee” means any Person acquiring shares of Common Stock pursuant to any Transfer. 
 “Transfer Request” has the meaning set forth in Section 5.1(b). 
 “underwritten registration” or “underwritten offering” means a registration under the Securities Act in which securities of the Company are sold to an underwriter for
reoffering to the public. 

  
 9 

 SECTION 1.2 Rules of Interpretation. Unless the context otherwise clearly requires:
(a) a term has the meaning assigned to it; (b) “or” is not exclusive; (c) wherever from the context it appears appropriate, each term stated in either the singular or the plural shall include the singular and the plural, and
pronouns stated in either the masculine, feminine or neuter shall include the masculine, feminine and neuter; (d) provisions apply to successive events and transactions; (e) all references in this Agreement to “including” shall
be deemed to be followed by the phrase “without limitation”; (f) all references in this Agreement to designated “Articles,” “Sections,” “paragraphs,” “clauses” and other subdivisions are to the
designated Articles, Sections, paragraphs, clauses and other subdivisions of this Agreement, and the words “herein,” “hereof,” “hereunder” and other words of similar import refer to this Agreement as a whole and not to
any particular Article, Section, paragraph, clause or other subdivision; (g) any definition of or reference to any agreement, instrument, document, statute, rule or regulation herein shall be construed as referring to such agreement,
instrument, document, statute, rule or regulation as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein) and (h) if the date to perform
any act or to give any notice under or with respect to this Agreement shall fall on a day other than a Business Day, such act or notice may be timely performed or given if performed or given on the next succeeding Business Day. 

ARTICLE II 

BOARD OF DIRECTORS AND GOVERNANCE 
 SECTION 2.1 Board Composition; Election and Removal of Directors. 
 (a)
Board Composition. Each Stockholder agrees to vote (or shall cause to be voted) all shares of Common Stock that it Beneficially Owns, and shall take all other necessary actions within its control, to ensure that the number of Directors
constituting the entire Board shall be not less than six (6) nor more than twelve (12), as determined within that range by the Board, subject to adjustment in accordance with Section 2.5(b) and/or the last sentence of this
Section 2.1(a), and that the following individuals shall be elected to the Board to serve as Directors: 
 (i) subject to prior satisfaction of the FERC Condition and for so long as the Centerbridge Stockholders Beneficially Own at least five percent (5%) of the outstanding shares of Common Stock held by
all Stockholders, one individual designated by the Centerbridge Stockholders (the “Centerbridge Director”); 
 (ii) for so long as the Goldman Stockholders Beneficially Own at least five percent (5%) of the outstanding shares of Common Stock held by all Stockholders, one individual designated by the Goldman
Stockholders (the “Goldman Director”); 
 (iii) for so long as the JPMC Stockholders
Beneficially Own at least five percent (5%) of the outstanding shares of Common Stock held by all Stockholders, one individual designated by the JPMC Stockholders (the “JPMC Director”); 

  
 10 

 (iv) for so long as the Oaktree Stockholders Beneficially Own at least five
percent (5%) of the outstanding shares of Common Stock held by all Stockholders, one individual designated by the Oaktree Stockholders (the “Oaktree Director”); and 

(v) the Chief Executive Officer, provided, that the Chief Executive Officer shall be employed under an employment
agreement which provides that, upon any termination of such Person’s employment (whether by the Company or the executive, regardless of whether or not for “cause”), such executive shall, upon any request by the Board, immediately
resign as a Director and, as applicable, from the boards of directors of the Company’s Subsidiaries and any other Person for which he or she is serving, at the request of the Company, as a director, member, manager, trustee or other similar
capacity. 
 Any Designating Stockholder that has not designated a Designated Director on or before the date of this Agreement
shall have the right, in its discretion and at any time after the date hereof, to designate a Designated Director pursuant to the foregoing clause (i), (ii) or (iii), as applicable, by written notice to the Company (a “Director
Designation Notice”). The Company shall, promptly following its receipt of a Director Designation Notice from any Designating Stockholder, provide written notice thereof to each of the other Stockholders and the number of Directors
constituting the entire Board shall be increased by one, with the resulting Board vacancy filled by the individual specified in the Director Designation Notice. 
 (b) Chairman. The Board shall elect a chairman (the “Chairman”) from among the members of the Board. 
 (c) Vacancies. In the event that a vacancy is created on the Board at any time by the death, disability, retirement, resignation or removal of a Director (other than a Designated Director), such
vacancy shall be filled until the election and qualification of such Director’s successor, by an individual designated by a majority of the Directors remaining in office. Except as set forth in Section 2.1(f), in the event that a
vacancy is created on the Board at any time by the death, disability, retirement, resignation or removal of a Designated Director, the Designating Stockholder that designated such Director shall, for so long as it is entitled to designated a
Director pursuant to Section 2.1(a), have the exclusive right to fill such vacancy. 
 (d) Removal. If any
Designating Stockholder proposes to remove its respective Designated Director from the Board, the other Stockholders agree, promptly upon any request from such Designating Stockholder, to cooperate in effecting such removal and taking any actions
necessary to fill any resulting vacancy in accordance with Section 2.1(c). Any Designated Director may be removed for Cause by the affirmative vote or written consent of Stockholders who Beneficially Own a majority of the outstanding
shares of Common Stock held by all Stockholders, but Designated Directors may not otherwise be removed except as set forth in the immediately preceding sentence and Section 2.1(f). Any Director that is not a Designated Director may be
removed at any time, with or without Cause, by the affirmative vote or written consent of Stockholders who Beneficially Own a majority of the outstanding shares of Common Stock held by all Stockholders. 

  
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 (e) Board Committees. Except to the extent prohibited by applicable Law or the rules
of any stock exchange on which the Common Stock may be listed, any Designating Stockholder shall have the right, at its option, to have its respective Designated Director seated on any one or more committees of the Board. 

(f) Loss of Designating Stockholder Status. Notwithstanding anything contained in this Section 2.1, if any of the
Designating Stockholders ceases to Beneficially Own, at any time, at least five percent (5%) of the outstanding shares of Common Stock held by all Stockholders, then such Designating Stockholder (i) shall thereupon cease to be a
“Designating Stockholder” for all purposes of this Agreement and shall no longer have the right to designate a Designated Director pursuant to this Section 2.1, (ii) shall, if its loss of Designating Stockholder status is
a result of any Transfer of Common Stock by such Designating Stockholder, promptly (and in no event more than one Business Day thereafter) notify the Company of such fact, and (iii) shall cause its respective Designated Director to promptly
resign from the Board and from any Board committee on which he or she is seated, and if such Designated Director fails to promptly resign, the Company and the Stockholders shall take all necessary actions within their control to effectuate such
removal. Any Board vacancy created by this Section 2.1(f) shall be filled by the Directors remaining in office. 

(g) No Transfer of Designated Director Rights. Designating Stockholders may not Transfer their rights pursuant to this
Section 2.1 to any other Person. 
 (h) Further Assurances. The Company hereby agrees to cause each
individual designated as a Designated Director to be nominated to serve as a Director, and to take all other necessary actions (including calling special meetings of the Board and/or Stockholders) to ensure that the composition of the Board is as
set forth in Section 2.1(a) and to otherwise effectuate the provisions of this Section 2.1. Each Stockholder hereby agrees to vote, in person or by proxy, all of the shares of Common Stock that it Beneficially Owns, at any
annual or special meeting of Stockholders or pursuant to any written consent of the Stockholders in lieu of a meeting, and take all other necessary actions within its control, to effectuate the provisions of this Section 2.1. 

SECTION 2.2 Action by the Board; Affiliate Transactions. Except as otherwise set forth in this Agreement or in the Bylaws, all
actions taken by the Board shall be taken by a majority vote of the Directors present at any meeting at which a quorum is present. Notwithstanding the foregoing, entering into or engaging in, or amending or modifying the terms of, an Affiliate
Transaction shall require the affirmative approval of a majority of Disinterested Directors. 
 SECTION 2.3 D&O
Indemnification and Insurance. The Company shall, or shall cause NPC to, enter into an indemnification agreement with each Director upon his or her appointment in such form as is adopted by the Board. The Company shall maintain continuously in
effect directors’ and officers’ liability insurance and each director shall be covered under such insurance. 

SECTION 2.4 Reimbursement and Compensation. The Company shall pay the reasonable out-of-pocket costs and expenses incurred by each
Director in the course of his or her service to the Company, including in connection with attending regular and special meetings of 

  
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the Board and any Board committees on which he or she is seated, in each case subject to the Company’s policies and procedures with respect thereto (including the requirement of reasonable
documentation thereof). Directors may be compensated for their service as a Directors, at the discretion of the Board. 

SECTION 2.5 Actions Requiring Stockholder Approval. Notwithstanding that a lesser percentage vote may be specified by Law, by the
Certificate of Incorporation or Bylaws, or otherwise, the Company and the Stockholders agree that: 
 (a) Majority
Approval. The Company shall not, and shall not permit any of its Subsidiaries to, take any of the following actions without first obtaining Board approval and the affirmative vote or written consent of Stockholders who Beneficially Own a
majority of the outstanding shares of Common Stock held by all Stockholders: 
 (i) merge, consolidate with or
into, engage in a share exchange with, or otherwise consummate any similar business combination transaction with, any other Person (other than transactions solely involving the merger or consolidation of a wholly owned Subsidiary with or into, or a
share exchange by a wholly owned Subsidiary with, the Company or another wholly owned Subsidiary of the Company); 
 (ii) sell, assign, lease, license transfer or otherwise dispose of all or substantially all of the assets of the Company and its Subsidiaries, considered on a consolidated basis (other than any such
transaction solely between the Company and one or more wholly owned Subsidiaries or between one or more wholly owned Subsidiaries of the Company); or 
 (iii) enter into any contract, agreement, arrangement or commitment to do or engage in any of the foregoing. 
 (b) Supermajority Approval. The Company shall not, and shall not permit any of its Subsidiaries to, take any of the following actions without first obtaining Board approval and the affirmative vote
or written consent of Stockholders who Beneficially Own at least sixty-six and two-thirds percent (66 2/3%) of the outstanding shares of Common Stock held by all Stockholders: 

(i) initiate or take any action for the liquidation, dissolution or winding up of the Company or any of its Subsidiaries;

 (ii) make any change in the number of Directors that constitutes the entire Board outside of the range set
forth in Section 2.1(a); or 
 (iii) enter into any contract, agreement, arrangement or commitment to
do or engage in any of the foregoing. 

  
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 ARTICLE III 
 ACCESS TO INFORMATION 
 SECTION 3.1 Exchange Act Registration. As soon as
practicable after the date of this Agreement (but in no event later than the date that is six (6) months after the date of this Agreement), the Company shall file a Registration Statement on Form 10 to register the Common Stock under the
Exchange Act, and shall thereafter use its best efforts to cause such Registration Statement to be declared effective by the SEC as promptly as practicable. 
 SECTION 3.2 Information to be Provided by the Company. 
 (a) Periodic
Reports. From the date of this Agreement until the Registration Statement on Form 10 is filed pursuant to Section 3.1 and becomes effective, and at any other time that the Company is not subject to the periodic and current reporting
requirements of the Exchange Act, the Company shall provide the following reports to the Stockholders by posting them on the Company’s website (which postings shall include, for each such annual or quarterly report, the dial-in instructions for
any Person that wishes to participate in the conference call to be held with respect to such report pursuant to Section 3.2(b)) and in an electronic data room to which each Stockholder is given access: 

(i) within one hundred twenty (120) days after the fiscal year ending December 31, 2012, and within ninety
(90) days after the end of each subsequent fiscal year, an annual report containing substantially all of the information that would have been required to be contained in an Annual Report on Form 10-K if the Company had been a reporting company
under the Exchange Act; 
 (ii) within forty-five (45) days after the end of each of the first three fiscal
quarters of each fiscal year, a quarterly report containing substantially all of the information that would have been required to be contained in a Quarterly Report on Form 10-Q if the Company had been a reporting company under the Exchange Act; and

 (iii) within five (5) Business Days after the occurrence of any event that would have been required to be
reported in a Current Report on Form 8-K if the Company had been a reporting company under the Exchange Act, a current report containing substantially all of the information that would have been required to be reported in such a Form 8-K.

 (b) Quarterly Conference Calls. Within fifteen (15) days after providing any annual or quarterly report to the
Stockholders pursuant to Section 3.2(a), the Company shall hold a conference call with the Stockholders to discuss the information contained in such report and the Company’s results of operations and financial performance, and to
answer questions related thereto. 

  
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 ARTICLE IV 
 CERTIFICATE OF INCORPORATION AND BYLAWS 
 The Stockholders acknowledge and agree
that, as of the date of this Agreement, the Certificate of Incorporation and the Bylaws shall be in effect in the forms attached as Exhibit A and Exhibit B hereto, respectively. If and to the extent that any provision of this Agreement
conflicts with or is inconsistent with any provision of the Certificate of Incorporation (other than Article VIII (Indemnification of Directors and Officers)) or the Bylaws (other than Section 5 (Indemnification)), then to the fullest extent
permitted by Law, such provision of this Agreement shall be controlling and, to the extent practicable, the conflicting or inconsistent provision of the Certificate of Incorporation and/or Bylaws, as applicable, shall be construed in a manner
consistent with such provision of this Agreement. It is hereby agreed that neither the Certificate of Incorporation nor the Bylaws will be amended in any manner that is inconsistent with the provisions of this Agreement. 

ARTICLE V 

TRANSFERS OF SHARES 
 SECTION 5.1 Restrictions on Transfers. 
 (a) General. Each
Stockholder, severally and not jointly, agrees and acknowledges that, except with the prior written consent of the Company, such Stockholder will not Transfer any shares of Common Stock except as expressly permitted by this Agreement. Any
Stockholder may Transfer all or any portion of its shares of Common Stock at any time to any Person that is not a Competitor, provided, that such Transfer (i) complies with the Securities Act and all applicable state securities and
“blue sky” laws, (ii) will not result in the Company’s being required to file reports under the Exchange Act if it is not otherwise then subject to such requirements, (iii) does not require approval by the Federal Energy
Regulatory Commission under Section 203 of the Federal Power Act or such approval has been obtained, and (iv) except for any Transfer to a Related Fund of such Stockholder, is made pursuant to a Transfer Request that has been (or is deemed
to have been) approved by the Company. Any attempted or purported Transfer of all or a portion of the shares of Common Stock that is not expressly permitted by this Section 5.1 shall be null and void ab initio and of no force or
effect whatsoever, and (A) the Company shall not recognize any such attempted or purported Transfer in its books and records and (B) the purported Transferee shall not be treated as an owner of shares of Common Stock for any purpose, and
shall not be entitled to any of the rights of ownership with respect to such shares of Common Stock, including the right to vote such shares or to receive a certificate for such shares or to receive any dividends or other distributions on or with
respect to such shares. 
 (b) Transfer Requests. In order to provide for the effective policing of
Section 5.1(a), any Stockholder who proposes to effect any Transfer of shares of Common Stock to any Person other than a Related Fund of such Stockholder (a “Proposed Transfer”) must submit to the Company, at least three
(3) Business Days prior to the date of the Proposed Transfer, a written notice that contains the following information and requests that the Company 

  
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approve the Proposed Transfer pursuant to this Section 5.1(b) (any such notice, a “Transfer Request”): (i) the name of the Stockholder proposing such Transfer
(the “Requesting Stockholder”) and the number of shares of Common Stock that it Beneficially Owns, (ii) the name, address, jurisdiction of organization or citizenship and telephone number of the proposed Transferee,
(iii) the number of shares of Common Stock that are subject to the Proposed Transfer and (iv) the date on which the Proposed Transfer is expected to occur. Within three (3) Business Days after its receipt of a Transfer Request, which
period shall automatically be extended to the first Business Day after the Company receives all such additional information as the Company in its discretion may reasonably request from the Requesting Stockholder and/or the proposed transferee (which
may include an opinion of counsel to establish that registration of the Proposed Transfer is not required under the Securities Act or any applicable state securities or “blue sky” laws) (such period, the “Transfer Approval
Period”), the Company shall determine whether to approve or deny the Proposed Transfer and shall notify the Requesting Stockholder of such determination; provided, that the Company shall not deny a Proposed Transfer unless it
determines that (x) the proposed Transferee is a Competitor or (y) such Proposed Transfer does not satisfy the requirements set forth in Section 5.1(a)(ii) (but for the avoidance of doubt, the Company may, in its discretion,
approve a Proposed Transfer despite the fact that it does not satisfy the requirements set forth in Section 5.1(a) or waive, including in advance in a separate agreement, any such requirements with respect to any Person);
provided, further, that if the Company does not notify the Requesting Stockholder of its determination within the Transfer Approval Period, the Company shall be deemed to have approved such Transfer. 

(c) Joinder. With respect to any Transfer of shares of Common Stock, the Transferee of such shares shall execute and deliver to the
Company, as a condition precedent to the effectiveness of such Transfer, an instrument in substantially the form attached hereto as Exhibit C (or such other documentation as is agreed by the Company and such Transferee) to confirm that the
Transferee takes such shares subject to all the terms and conditions of this Agreement and agrees to be bound by all of the terms and conditions of this Agreement. 
 SECTION 5.2 Legend on Certificates. 
 (a) Each outstanding certificate
representing shares of Common Stock that are subject to this Agreement shall bear an endorsement reading substantially as follows: 
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE (THE “SECURITIES”) WERE ORIGINALLY ISSUED IN RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION REQUIREMENT OF SECTION 5 OF THE SECURITIES ACT OF
1933, AS AMENDED (THE “ACT”), PROVIDED BY SECTION 1145 OF THE BANKRUPTCY CODE, 11 U.S.C. § 1145. THE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE ACT OR ANY STATE SECURITIES LAW, AND TO THE EXTENT THE HOLDER OF THE SECURITIES IS AN
“UNDERWRITER,” AS DEFINED IN SECTION 1145(B)(1) OF THE BANKRUPTCY CODE, THE SECURITIES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR AN EXEMPTION FROM REGISTRATION THEREUNDER.

  
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 THE SALE, ASSIGNMENT, PLEDGE, ENCUMBRANCE OR OTHER TRANSFER OF THE
SECURITIES IS RESTRICTED BY THE TERMS OF, AND THE HOLDER HEREOF IS SUBJECT TO CERTAIN OTHER OBLIGATIONS PURSUANT TO, THE PROVISIONS OF A STOCKHOLDERS AGREEMENT, DATED AS OF DECEMBER 21, 2012, AS MAY BE AMENDED FROM TIME TO TIME IN ACCORDANCE WITH
ITS TERMS, AMONG THE COMPANY AND HOLDERS OF ITS COMMON STOCK. THE VOTING RIGHTS OF ANY HOLDER HEREOF THAT IS A “COMPETITOR” OF THE COMPANY ARE SUBJECT TO THE LIMITATIONS SET FORTH IN THE COMPANY’S CERTIFICATE OF INCORPORATION. COPIES
OF SUCH STOCKHOLDER AGREEMENT AND THE CERTIFICATE OF INCORPORATION ARE ON FILE AT THE PRINCIPAL EXECUTIVE OFFICE OF THE CORPORATION. 
 (b) In the event that the Common Stock shall cease to be subject to the restrictions on Transfer set forth in this Article V, the Company shall, upon the written request of any Stockholder, issue
to such holder a new certificate evidencing the shares of Common Stock Beneficially Owned by such Stockholder without the legend required by this Section 5.2. 
 SECTION 5.3 No Circumvention of Stock Transfer Restrictions. Each Party agrees that the Transfer restrictions in this Agreement may not be avoided by the holding of shares of Common Stock directly
or indirectly through a Person that can itself be sold in order to dispose of an interest in shares of Common Stock free of such restrictions. Any Transfer of any shares of Common Stock (or other interest) resulting in any change in the control,
directly or indirectly, of a Stockholder or of any other Person having control, directly or indirectly, over that Stockholder shall be treated as being a Transfer of the shares of Common Stock Beneficially Owned by that Stockholder, and the
provisions of this Agreement that apply in respect of the Transfer of shares of Common Stock shall thereupon apply in respect of the shares of Common Stock so held; provided that this Section 5.3 shall not apply in respect of a
bona fide Transfer of equity securities of a Person having a direct or indirect interest in any shares of Common Stock, where that interest does not represent more than ten percent (10%) of the assets of that Person. 

SECTION 5.4 Drag-Along—Employee Stockholders. 
 (a) In the event that any Stockholder or group of Stockholders (collectively, in such capacity, the “Drag-Along Seller”) proposes to Transfer to any Person or a group of Persons that is
not an Affiliate or Related Fund of such Stockholder(s) (a “Drag-Along Buyer”), in one transaction or a series of related transactions, shares of Common Stock representing more than fifty percent (50%) of the then-outstanding shares
of Common Stock (a “Majority Sale”), the Drag-Along Seller shall have the right to require each of the Employee Stockholders to Transfer its Pro Rata Portion of the shares of Common Stock to the Drag-Along Buyer, as part of such Majority
Sale, upon the same terms and subject to the same conditions as are applicable to the Drag-Along Seller. 
 (b) In order to
exercise its rights under Section 5.4(a) with respect to any Majority Sale, the Drag-Along Seller shall provide written notice of such Majority Sale to the Company and the Employee Stockholders (or, if requested to do so in writing, the
Company shall provide such notice to the Employee Stockholders on behalf of the Drag-Along Seller), 

  
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which notice shall include the following information with respect to such Majority Sale (a “Drag-Along Notice”): the identity of the Drag-Along Buyer, the number of shares of
Common Stock proposed to be Transferred by the Drag-Along Seller, the total number of shares of Common Stock (and each Employee Stockholder’s Pro Rata Portion thereof) to be Transferred to the Drag-Along Buyer pursuant to the Majority Sale, and
the other material terms and conditions of the Majority Sale, including the purchase price payable for the shares of Common Stock and the anticipated closing date, which shall be at least ten (10) Business Days after the date of such notice.
Notwithstanding the foregoing, with respect to any Majority Sale, (i) no Employee Stockholder will be required to make any representations or warranties, or provide any indemnity to any Person, other than with respect to its having unencumbered
title to the shares of Common Stock that it is required to Transfer in such Majority Sale and the power, authority and legal right to Transfer such shares and (ii) the aggregate liability or loss incurred by any Employee Stockholder with
respect to such representations, warranties, indemnities or other agreements shall not exceed the proceeds that such Employee Stockholder receives, or is entitled to receive, in connection with such Majority Sale. 

(c) At the closing of any Majority Sale (the “Drag-Along Closing”), each Employee Stockholder shall deliver to the Drag-Along
Buyer certificates or other instruments, duly endorsed in blank for Transfer or accompanied by stock powers duly endorsed in blank, in either case with signatures guaranteed, representing such Employee Stockholder’s Pro Rata Portion of the
total number of shares of Common Stock to be Transferred to the Drag-Along Buyer pursuant to the Majority Sale, against payment of a pro rata share of the purchase price (net of a pro rata share of any holdback or escrow) for such shares. Each
Employee Stockholder hereby authorizes and directs the Company (or the Company’s transfer agent, as applicable) to record in the books and records of the Company the Transfer of such number of shares of Common Stock from such Employee
Stockholder to the Drag-Along Buyer, as of the date of the Drag-Along Closing. In addition, each Employee Stockholder shall take any and all actions as the Drag-Along Seller or the Drag-Along Buyer may reasonably request from time to time, to
effectuate such Transfer and vest in the Drag-Along Buyer all shares of Common Stock that such Employee Stockholder is required to Transfer in such Majority Sale, whether in certificated or uncertificated form, free and clear of all liens, charges
and encumbrances of any kind. 
 (d) With respect to any Majority Sale that is structured as a merger, consolidation,
amalgamation, or similar transaction, each Employee Stockholder shall, to the extent applicable: (i) vote, at a meeting of stockholders or by written consent in lieu of a meeting, all of its shares of Common Stock in favor of such transaction;
(ii) waive or refrain from exercising any appraisal, dissenters’ or similar rights with respect to such transaction; and (iii) take such other action, consistent with Section 5.4(b), as may reasonably be required to
complete such transaction. 
 (e) Solely for purposes of Section 5.4(d) and in order to secure the performance of
each Employee Stockholder’s obligations under Section 5.4(d) with respect to any Majority Sale, each Employee Stockholder hereby irrevocably appoints the Drag-Along Seller as its attorney-in-fact and proxy (with full power of
substitution) to vote or provide a written consent with respect to any and all of its shares of Common Stock, if, and only in the event that, such Employee Stockholder fails to vote in favor of or provide a written consent with respect to its shares
of Common Stock in accordance with the terms of Section 5.4(d) within 

  
 18 

 
three (3) Business Days of a request for such vote or written consent (any such Employee Stockholder, a “Breaching Employee Stockholder”). Upon any such failure, the
Drag-Along Seller shall have and is hereby irrevocably granted a proxy to vote or provide a written consent with respect to each Breaching Employee Stockholder’s shares of Common Stock solely for the purpose of taking the actions required by
Section 5.4(d). Each Employee Stockholder intends this proxy to be, and it shall be, irrevocable and coupled with an interest, and each Employee Stockholder will take such further action and execute such other instruments as may be
necessary to effectuate the intent of this proxy and hereby revokes any proxy previously granted by it with respect to the matters set forth in Section 5.4(d) with respect to any of its shares of Common Stock. Notwithstanding the
foregoing, the conditional proxy granted by this Section 5.4(e) shall be deemed to be revoked upon the termination of this Article V in accordance with its terms. 

(f) If any Majority Sale is not consummated within ninety (90) days of the date the applicable Drag-Along Notice was provided (which
ninety (90)-day period may be extended by notice from the Drag-Along Seller to the Employee Stockholders for up to two- hundred and seventy (270) days in the event any required approval of such sales from any governmental entity, including
termination or expiration of the applicable waiting period under the applicable antitrust and competition laws has not then been obtained), the Drag-Along Seller shall return to the Employee Stockholders all applicable instruments representing
shares of Common Stock that the Employee Stockholders delivered for Transfer, together with any other documents, that have been executed by the Employee Stockholders in connection with such proposed Majority Sale and are in the Drag-Along
Seller’s possession or control. 
 SECTION 5.5 Tag-Along—Employee Stockholders. 

(a) In the event that any Stockholder or group of Stockholders (collectively, in such capacity, the “Selling
Stockholder”) proposes to Transfer shares of Common Stock to any third party that is not an Affiliate or Related Fund of such Stockholder (the “Tag-Along Buyer”) pursuant to a Majority Sale, other than a Majority Sale with respect
to which the Drag-Along Seller exercises its “drag-along” rights pursuant to Section 5.4, each Employee Stockholder (a “Tag-Along Right Holder”) shall have the right to participate in the Majority Sale by
Transferring up to its Pro Rata Portion to the Tag-Along Buyer on the same terms and conditions as those proposed by the Selling Stockholder (each such participating Tag-Along Right Holder, the “Tagging Stockholder”). 

(b) The Selling Stockholder shall give written notice (a “Tag-Along Notice”) to each Tag-Along Right Holder of a
Majority Sale, setting forth the number of shares of Common Stock proposed to be so Transferred, the name and address of the Tag-Along Buyer, the proposed amount and form of consideration and other terms and conditions of payment offered by the
Tag-Along Buyer. The Selling Stockholder shall deliver or cause to be delivered to each Tag-Along Right Holder copies of all transaction documents relating to the Majority Sale as the same become available. The tag-along rights provided by this
Section 5.5 must be exercised by a Tag-Along Right Holder by delivery of an irrevocable written notice to the Selling Stockholder, within ten (10) Business Days after the date of the Tag-Along Notice, which notice shall specify the
portion of such Tagging Stockholder’s Pro Rata Portion of the shares of Common Stock that it wishes to include in the Majority Sale. In the event that the Tag-Along Buyer fails to purchase all the shares of Common Stock proposed to be
Transferred by the 

  
 19 

 
Selling Stockholder and the Tagging Stockholders, then the number of shares of Common Stock that the Selling Stockholder and each Tagging Stockholder is permitted to sell in such Majority Sale
shall be reduced pro rata based on the number of shares of Common Stock proposed to be Transferred by the Selling Stockholder or such Tagging Stockholder, as applicable, relative to the aggregate number of shares of Common Stock proposed to be
Transferred by the Selling Stockholder and all Tagging Stockholders. The Selling Stockholder shall have a period of ninety (90) days following the expiration of the ten (10) Business Day notice period mentioned above to sell all the shares
of Common Stock agreed to be purchased by the Tag-Along Buyer on the terms specified in the notice required by the first sentence of this Section 5.5(b). 
 (c) Any Transfer of shares of Common Stock by a Tagging Stockholder to a Tag-Along Buyer pursuant to this Section 5.5 shall be on the same terms and conditions (including, without limitation,
price, time of payment and form of consideration) as to be paid to the Selling Stockholder. Notwithstanding the foregoing, no Tagging Stockholder shall be required to make any representation or warranty, or provide any indemnity to any person, in
connection with any Majority Sale other than with respect to the unencumbered title to its shares of Common Stock and its power, authority and legal right to Transfer such shares of Common Stock and the aggregate liability or loss as a result of
such representations, warranties, indemnities or other agreements shall not exceed the proceeds such Tagging Stockholder received in connection with such Majority Sale. Each Tagging Stockholder shall be responsible for its proportionate share of the
costs of the proposed Transfer to the extent not paid or reimbursed by the Tag-Along Buyer or the Company. 
 ARTICLE VI

 ADDITIONAL AGREEMENTS 
 SECTION 6.1 Preemptive Rights. 
 (a) In the event that the Company proposes
to sell or otherwise issue shares of Common Stock or any other equity securities of the Company or any of its Subsidiaries, or any rights or securities (including options or warrants) exercisable, exchangeable or convertible into shares of Common
Stock or such equity securities, whether immediately, upon the happening of any event or the passage of time, or otherwise, and whether issued by the Company, any Subsidiary of the Company or any other Person (collectively, “Dilutive
Securities”), each Eligible Stockholder shall have the right to acquire a portion of such Dilutive Securities, in accordance with the provisions of this Section 6.1. 

(b) Not later than fifteen (15) Business Days prior to the anticipated issuance date of Dilutive Securities, the Company shall give
written notice (the “Notice of Preemptive Rights”) to each Eligible Stockholder which shall state the Company’s intention to issue Dilutive Securities, the type and amount of Dilutive Securities to be issued, the purchase price
therefor, a summary of the other material terms of the proposed issuance and the Pro Rata Portion of such Dilutive Securities which the Eligible Stockholder to which the notice is directed may purchase in connection with such issuance. 

  
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 (c) Each Eligible Stockholder that is an “accredited investor” as defined in Rule
501 promulgated under the Securities Act shall have the right to purchase up to its Pro Rata Portion of such Dilutive Securities at the price and on the terms and conditions specified in the Notice of Preemptive Rights by delivering an irrevocable
written notice (the “Acceptance Notice”) to the Company no later than fifteen (15) Business Days from the date the Notice of Preemptive Rights is delivered to such Eligible Stockholder at the price and upon the terms specified in the
Notice of Preemptive Rights, setting out the number of Dilutive Securities with respect to which such right is being exercised. Such Acceptance Notice shall also include the maximum number of Dilutive Securities the Eligible Stockholder would be
willing to purchase in the event any Dilutive Securities remain available for purchase after the date on which Acceptance Notices are due to the Company. If any Eligible Stockholder fails to elect to purchase its full Pro Rata Portion of such
Dilutive Securities (or if there are Dilutive Securities in excess of the aggregate Pro Rata Portion of all Eligible Stockholders), the Company shall allocate any remaining amount among those Eligible Stockholders (pro rata in accordance with
the shares of Common Stock then Beneficially Owned by each such Eligible Stockholders relative to the aggregate number of shares of Common Stock held by all Eligible Stockholders participating in such issuance of Dilutive Securities) who have
indicated in their Acceptance Notice a desire to purchase Dilutive Securities in excess of their respective Pro Rata Portions (it being understood that if Eligible Stockholders elect to purchase more Dilutive Securities than remain available for
sale, such allocation shall be made pro rata in accordance with the shares of Common Stock then Beneficially Owned by each such Eligible Stockholder relative to the aggregate number of shares of Common Stock held by all Eligible Stockholders
participating in such issuance of Dilutive Securities); provided that no Eligible Stockholder shall be required to purchase more Dilutive Securities than the maximum number set forth in such Eligible Stockholder’s Acceptance Notice.

 (d) The Company may sell or issue any Dilutive Securities not covered by an Acceptance Notice to any other Person or Persons,
but only upon terms and conditions that are in all respects no more favorable to such other Person or Persons than those set forth in the Notice of Preemptive Rights. If the Company does not consummate the sale or issuance of all or part of such
remaining Dilutive Securities to such other Person or Persons within sixty (60) days after the end of the fifteen (15) Business Day period specified in Section 6.1(b), the right provided hereunder shall be deemed to be revived
and such Dilutive Securities shall not be issued unless first reoffered to the Eligible Stockholders in accordance with this Section 6.1. Concurrently with the closing of the sale or issuance to such other Person or Persons (the
“Other Purchasers”) of all or part of such Dilutive Securities, each Eligible Stockholder shall purchase from the Company, and the Company shall sell or issue to such Eligible Stockholder, the securities covered by the Acceptance
Notice delivered to the Company by such Eligible Stockholder on the terms specified in the Notice of Preemptive Rights. The purchase by an Eligible Stockholder of any such securities is subject in all cases to the execution and delivery by the
Company and the Eligible Stockholder of (a) a purchase agreement or subscription agreement relating to such securities and (b) all other documents in form and substance similar in all material respects, to the extent applicable, to those
executed and delivered by the Company and the Other Purchasers. 
 (e) If any Eligible Stockholder does not deliver an
Acceptance Notice within such fifteen (15) Business Day period, such Eligible Stockholder shall be deemed to have irrevocably waived any and all rights under this Section 6.1 with respect to the purchase of such Dilutive Securities
(but not with respect to future issuances in accordance with this Section 6.1). Any sale of Dilutive Securities by the Company without first giving the Eligible Stockholders the rights described in this Section 6.1 shall be
void and of no force and effect. 

  
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 (f) This Section 6.1 shall not apply to Dilutive Securities issued
(i) under or pursuant to the terms of the LTIP or any similar benefit or incentive programs or arrangements covering directors, employees or consultants of the Company and its Subsidiaries; (ii) as consideration for the acquisition of
assets or in any merger or business combination transaction involving the Company or any of its Subsidiaries; (iii) in any public offering registered under the Securities Act; (iv) in connection with a stock split, dividend or similar
transaction; or (v) pursuant to the exercise of any options, warrants, convertible securities or other rights that were issued subject to, and in compliance with, this Section 6.1. 

SECTION 6.2 Confidentiality. Each Stockholder who has received Confidential Information from the Company or its Representatives
agrees that it shall not, and shall cause its Affiliates and Representatives not to, reveal to any other Person other than such Stockholder’s Affiliates and Representatives, or use for any purpose not related to such Stockholder’s
investment in the Company, any such Confidential Information without the prior written consent of the Company; provided that such undertaking shall not apply to: 
 (a) disclosure of Confidential Information that is or has become generally available to the public other than as a result of disclosure by or at the direction of a Party or a Party’s Representatives
or the Representatives of any Affiliate of any Party in violation of this Agreement; 
 (b) disclosures of Confidential
Information to the extent necessary or required under any (i) applicable Law, (ii) accounting standard, or (iii) in connection with any judicial process regarding any legal action, suit or proceeding arising out of or relating to this
Agreement, in each case after giving prior written notice to the other Parties to the extent practicable under the circumstances, and subject to having undertaken any reasonably available arrangements to protect confidentiality (for example, seeking
a protective order in relation to such Confidential Information); 
 (c) disclosures of Confidential Information with respect to
the Company by any Stockholder to a third party who is not a Competitor and who has executed a confidentiality agreement whereby such party is bound by the confidentiality provisions of this Agreement; 

(d) disclosures of Confidential Information that was available a Party from a source other than the Company, provided that such source,
to such Party’s knowledge after reasonable inquiry, is not and was not bound by a duty of confidentiality to the Company with respect to such Confidential Information; or 
 (e) disclosures of Confidential Information that has been independently acquired or developed by a Party or a Party’s Representatives without violating any of such Party’s obligations under this
Agreement. 
 Notwithstanding any earlier termination of this Agreement, the obligations of each Stockholder under this
Section 6.2 shall survive until the earlier of (i) the second anniversary of the termination of this Agreement pursuant to Section 8.1 and (ii) the first anniversary of the date on which such Stockholder ceased to
own any shares of Common Stock. 

  
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 ARTICLE VII 
 REGISTRATION RIGHTS 
 SECTION 7.1 IPO Covenant. 

(a) On or before the date that is twelve (12) months after the date of this Agreement (the “IPO Target Date”), the
Company shall file, and shall thereafter use its best efforts to cause to be declared effective as promptly as practicable, a Registration Statement on Form S-1 for the registration and sale of shares of Common Stock pursuant to an underwritten
primary or secondary public offering that results in a Qualified Public Offering (the “IPO Registration Statement”). 
 (b) The Company shall be entitled to postpone the IPO Target Date for a reasonable period of time, if (i) the managing underwriter for such offering advises the Company in writing that unfavorable
conditions in the U.S. equity markets are likely to delay or jeopardize the success of such offering (including the price per share of the Common Stock) in any material respect or (ii) the Board determines in good faith and in its reasonable
judgment that the registration and distribution of shares of Common Stock pursuant to such Registration Statement is (A) likely to materially interfere with (or require premature disclosure of) any pending material financing, acquisition or
corporate reorganization or other material corporate development involving the Company or any of its Subsidiaries or (B) otherwise not in the best interests of the Company and its Stockholders. 

(c) The Company shall promptly give each Stockholder written notice of any such determination, containing a general statement of the
reasons for such postponement and an approximation of the period of the anticipated delay; provided, however, that the IPO Target Date shall not be postponed beyond the date that is twenty-four (24) months after the date of this
Agreement without the prior written consent of Stockholders holding at least sixty-six and two- thirds percent (66 2/3%) of the outstanding shares of Common Stock held by all Stockholders. 

(d) At any time following the IPO Target Date, if the Company shall not have completed an initial public offering of shares of the Common
Stock pursuant to an IPO Registration Statement or filed an IPO Registration Statement that is pending before the SEC, any Stockholder or group of Stockholders that Beneficially Owns in the aggregate shares of Common Stock representing at least 25%
of the outstanding shares of Common Stock held by all Stockholders shall be entitled, by written notice, to require the Company to file an IPO Registration Statement within forty-five (45) days after the date of such notice and the Company
shall thereafter use its best efforts to cause such IPO Registration Statement to be declared effective as promptly as practicable. 

  
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 SECTION 7.2 Demand Registration 

(a) Any Stockholder or group of Stockholders that Beneficially Owns, in the aggregate Registrable Securities representing at least ten
percent (10%) of the outstanding shares of Common Stock held by all Stockholders shall have the right, by written notice given to the Company (a “Demand Notice”), to request the Company to register under and in accordance with
the provisions of the Securities Act all or any portion of the Registrable Securities designated by such Stockholder(s); provided, however, that: 
 (i) the Stockholder shall not be permitted to give a Demand Notice, and the Company shall not be required to take any of the actions to register Registrable Securities pursuant to this
Section 7.2 until six (6) months following the completion of an initial public offering by the Company of shares of the Common Stock (an “IPO”); 

(ii) prior to the time the Company becomes eligible to use Form S-3 (or any successor form) for the registration of
Registrable Securities for resale, such Stockholder(s), in the aggregate, shall only be entitled to three (3) Demand Registrations pursuant to the provisions of this Section 7.2 (provided, that each Stockholder entitled to
deliver a Demand Notice pursuant to Section 2.1(a) shall be entitled to initiate at least one (1) Demand Registration), unless any Demand Registration does not become effective or is not maintained in effect for the respective
periods set forth in Section 7.2(e), in which case the relevant Stockholder(s) will be entitled to an additional Demand Registration pursuant hereto; 

(iii) following the time that the Company is eligible to use Form S-3 for the registration of Registrable Securities for
resale, in no event shall the Company be required to file more than three (3) Demand Registrations during any twelve (12) month period; and 
 (iv) the Registrable Securities requested to be registered constitute at least ten percent (10%) of the shares of Common Stock issued and outstanding on the date of this Agreement. 

(b) Upon receipt of a Demand Notice, the Company shall promptly (and in any event within ten (10) Business Days from the date of
receipt of such Demand Notice), notify all other Stockholders of the receipt of such Demand Notice and allow them the opportunity to include Registrable Securities held by them in the proposed registration by submitting their own Demand Notice. In
connection with any Demand Registration that involves an underwritten offering in which more than one Stockholder participates, in the event that the managing underwriter or underwriters for such offering advise such Stockholders in writing that the
total number of Registrable Securities to be included in such offering exceeds the amount that can be sold in (or during the time of) such offering without delaying or jeopardizing the success of such offering (including the price per share of the
Registrable Securities to be sold), then the Registrable Securities to be offered shall be distributed amongst the participating Stockholders pro rata according to each Stockholder’s overall percentage of ownership in the Company at the
time of delivery of the Demand Notice. In the event of such a pro-rata distribution, to the extent that any Stockholder (or Stockholders) has not submitted a Demand Notice, or withdraws from the underwriting, then those shares of Common Stock that
would have been allocated pro-rata to the non-participating Stockholder if they had participated shall be allocated amongst the participating Stockholders, pro rata according to each participating Stockholder’s overall percentage of
ownership in the Company. 

  
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 (c) The Company, within forty-five (45) days of the date on which the Company receives
a Demand Notice given by Stockholders in accordance with Section 7.2(a), shall file with the SEC, and the Company shall thereafter use its best efforts to cause to be declared effective as promptly as practicable, a Registration
Statement on the appropriate form for the registration and sale, in accordance with the intended method or methods of distribution, of the total number of Registrable Securities specified by the Stockholders in such Demand Notice (a “Demand
Registration”). Any Demand Registration may, at the request of the Stockholders submitting the Demand Notice Beneficially Owning a majority of the Registrable Securities to be registered pursuant to such Demand Registration, be a Shelf
Registration pursuant to Rule 415 under the Securities Act. 
 (d) The Company shall use commercially reasonable efforts to keep
each Registration Statement filed pursuant to this Section 7.2 continuously effective and usable for the resale of the Registrable Securities covered thereby (i) in the case of a Registration that is not a Shelf Registration, for a
period of one hundred twenty (120) days from the date on which the SEC declares such Registration Statement effective and (ii) in the case of a Shelf Registration, for a period of three (3) years from the date on which the SEC
declares such Registration Statement effective, in either case (x) until such earlier date as all of the Registrable Securities covered by such Registration Statement have been sold pursuant to such Registration Statement, and (y) as such
period may be extended pursuant to this Section 7.2. The time period for which the Company is required to maintain the effectiveness of any Registration Statement shall be extended by the aggregate number of days of all Delay Periods and
all Interruption Periods occurring with respect to such Registration and such period and any extension thereof is hereinafter referred to as the “Effectiveness Period”. 

(e) The Company shall be entitled to postpone the filing of any Registration Statement otherwise required to be prepared and filed by the
Company pursuant to this Section 7.2, or suspend the use of any effective Registration Statement under this Section 7.2 (during which suspension each Stockholder Beneficially Owning Registrable Securities covered by the
Registration Statement shall discontinue disposition of any Registrable Securities covered by the Registration Statement), for a reasonable period of time (a “Delay Period”), if the Board determines in good faith and in the
Board’s reasonable judgment that the registration and distribution of the Registrable Securities covered or to be covered by such Registration Statement would materially interfere with any pending material financing, acquisition or corporate
reorganization or other material corporate development involving the Company or any of its Subsidiaries or would require premature disclosure thereof and promptly gives the Stockholders written notice of such determination, containing a general
statement of the reasons for such postponement and an approximation of the period of the anticipated delay; provided, however, that (i) the aggregate number of days included in all Delay Periods during any consecutive twelve
(12) months shall not exceed the aggregate of (x) forty-five (45) days minus (y) the number of days occurring during all Interruption Periods during such consecutive twelve (12) months and (ii) a period of at least
forty-five (45) days shall elapse between the termination of any Delay Period or Interruption Period and the commencement of the immediately succeeding Delay Period. If the Company shall so postpone the filing of a Registration Statement, the
Stockholders of Registrable Securities to be registered shall have the right to withdraw the request for registration by giving written notice from the Stockholders of a majority of the Registrable Securities that were to be registered to the
Company within forty-five (45) 

  
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days after receipt of the notice of postponement or, if earlier, the termination of such Delay Period (and, in the event of such withdrawal, such request shall not be counted for purposes of
determining the number of requests for registration to which the Stockholders of Registrable Securities are entitled pursuant to this Section 7.2). The Company shall not be entitled to initiate or continue a Delay Period unless it shall
(A) concurrently prohibit sales by all other security holders under registration statements covering securities held by such other security holders and (B) in accordance with the Company’s policies from time to time in effect, forbid
purchases and sales in the open market by Directors and executive officers of the Company. 
 (f) The Company shall not include
any securities (whether for its own account or otherwise) that are not Registrable Securities in any Registration Statement filed pursuant to this Section 7.2 without the prior written consent of the Stockholders of a majority in number
of the Registrable Securities covered by such Registration Statement. Any such securities so included shall be subject to the cut-back provisions of Section 7.2(b). 

(g) Stockholders holding a majority in number of the Registrable Securities to be included in a Registration Statement pursuant to this
Section 7.2 may, at any time prior to the effective date of the Registration Statement relating to such Registration, revoke such request by providing a written notice to the Company revoking such request. Any such Demand Request so
withdrawn shall not be counted for purposes of determining the number of requests for registration to which the Stockholders of Registrable Securities are entitled pursuant to this Section 7.2 if the Stockholders of Registrable
Securities who revoked such request reimburse the Company for all its out-of-pocket expenses incurred in the preparation, filing and processing of the Registration Statement; provided, however, that, if such revocation was based on
(i) the Company’s failure to comply in any material respect with its obligations hereunder or (ii) the institution by the Company of a Delay Period or the occurrence of any Interruption Period, such reimbursement shall not be
required. 
 SECTION 7.3 Piggyback Registration. 

(a) Right to Piggyback. If at any time the Company proposes to file a registration statement under the Securities Act with respect
to a public offering by the Company for its own account or on behalf of any other Person of securities of the same type as the Registrable Securities (other than a registration statement for an IPO), then the Company shall give written notice of
such proposed filing to the Stockholders at least fifteen (15) days before the anticipated filing date. Such notice shall offer the Stockholders the opportunity to register such amount of Registrable Securities as they may request (a
“Piggyback Registration”). Subject to Section 7.3(b), the Company shall include in each such Piggyback Registration all Registrable Securities with respect to which the Company has received written requests for inclusion
therein within ten (10) days after notice has been given to the Stockholders. Each Stockholder shall be permitted to withdraw all or any portion of the Registrable Securities of such Stockholder from a Piggyback Registration at any time prior
to the effective date of such Piggyback Registration without incurring cost or liability solely as a result of such withdrawal. 

  
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 (b) Priority on Piggyback Registrations. The Company shall permit the Stockholders to
include all such Registrable Securities on the same terms and conditions as any similar securities, if any, of the Company or any other Persons included therein. Notwithstanding the foregoing, if the Company or the managing underwriter or
underwriters participating in such offering advise the Stockholders in writing that the total amount of securities requested to be included in such Piggyback Registration exceeds the amount which can be sold in (or during the time of) such offering
without delaying or jeopardizing the success of the offering (including the price per share of the securities to be sold), then the amount of securities to be offered for the account of the Stockholders and other holders of securities who have
piggyback registration rights with respect thereto shall be reduced (to zero if necessary) pro rata on the basis of the number of Registrable Securities requested to be registered by each such Stockholder or other holder participating in such
offering. 
 (c) Right To Abandon. Nothing in this Section 7.3 shall create any liability on the part of the
Company to the Stockholders if the Company in its sole discretion should decide not to file a registration statement proposed to be filed pursuant to Section 7.3(a) or to withdraw such registration statement subsequent to its filing,
regardless of any action whatsoever that a Stockholder may have taken, whether as a result of the issuance by the Company of any notice hereunder or otherwise. Any such determination not to file or to withdraw a registration statement shall not
affect the obligations of the Company to pay or to reimburse all registration expenses pursuant to Section 7.5. 

SECTION 7.4 Registration Procedures. In connection with the registration obligations of the Company pursuant to and in accordance
with Sections 7.2 and 7.3 (and subject to Sections 7.2 and 7.3), the Company shall use commercially reasonable efforts to effect such registration to permit the sale of such Registrable Securities in accordance with the intended
method or methods of disposition thereof, and pursuant thereto the Company shall as expeditiously as possible: 
 (a) prepare
and file with the SEC a Registration Statement for the sale of the Registrable Securities on any form for which the Company then qualifies or which counsel for the Company shall deem appropriate in accordance with such Stockholders’ intended
method or methods of distribution thereof, and, subject to the Company’s right to terminate or abandon a registration pursuant to Section 7.3(c), use commercially reasonable efforts to cause such Registration Statement to become
effective and remain effective as provided herein; 
 (b) prepare and file with the SEC such amendments (including
post-effective amendments) to such Registration Statement, and such supplements to the related Prospectus, as may be required by the rules, regulations or instructions applicable to the Securities Act during the applicable period in accordance with
the intended methods of disposition specified by the Stockholders of the Registrable Securities covered by such Registration Statement, make generally available earnings statements satisfying the provisions of Section 11(a) of the Securities
Act (provided that the Company shall be deemed to have complied with this Section 7.4 if it has complied with Rule 158 under the Securities Act), and cause the related Prospectus as so supplemented to be filed pursuant to Rule 424
under the Securities Act; provided, however, that before filing a Registration Statement or Prospectus, or any amendments or supplements thereto (other than reports required to be filed by it under the Exchange Act that are
incorporated or deemed to be incorporated by reference into the Registration Statement and the Prospectus except to the extent that such reports related primarily to the offering), the Company shall furnish to the Stockholders of Registrable
Securities covered by such Registration Statement and their counsel for review and comment, copies of all documents required to be filed; 

  
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 (c) notify the Stockholders of any Registrable Securities covered by such Registration
Statement promptly and (if requested) confirm such notice in writing, (i) when a Prospectus or any Prospectus supplement or post-effective amendment has been filed, and, with respect to such Registration Statement or any post-effective
amendment, when the same has become effective, (ii) of any request by the SEC for amendments or supplements to such Registration Statement or the related Prospectus or for additional information regarding the Company or the Stockholders,
(iii) of the issuance by the SEC of any stop order suspending the effectiveness of such Registration Statement or the initiation of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to
the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, and (v) of the happening of any event
that requires the making of any changes in such Registration Statement, Prospectus or documents incorporated or deemed to be incorporated therein by reference so that they will not contain any untrue statement of a material fact or omit to state any
material fact required to be stated therein or necessary to make the statements therein not misleading; 
 (d) use commercially
reasonable efforts to prevent the issuance of any order suspending the effectiveness of such Registration Statement or the qualification or exemption from qualification of any Registrable Securities for sale in any jurisdiction in the United States,
and to obtain the lifting or withdrawal of any such order at the earliest practicable time; 
 (e) furnish to the Stockholder of
any Registrable Securities covered by such Registration Statement and their counsel, and to each managing underwriter, if any, without charge, one conformed copy of such Registration Statement, as declared effective by the SEC, and of each
post-effective amendment thereto, in each case including financial statements and schedules and all exhibits and reports incorporated or deemed to be incorporated therein by reference; and deliver, without charge, such number of copies of the
preliminary prospectus, any amended preliminary prospectus, any free writing prospectus, each final Prospectus and any post-effective amendment or supplement thereto, as such Stockholder may reasonably request in order to facilitate the disposition
of the Registrable Securities of such Stockholder covered by such Registration Statement in conformity with the requirements of the Securities Act; 
 (f) prior to any public offering of Registrable Securities covered by such Registration Statement, use its reasonable best efforts to register or qualify such Registrable Securities for offer and sale
under the securities or “Blue Sky” laws of such jurisdictions as the Stockholders of such Registrable Securities shall reasonably request in writing; provided, however, that the Company shall in no event be required to
qualify generally to do business as a foreign corporation or as a dealer in any jurisdiction where it is not at the time required to be so qualified or to execute or file a general consent to service of process in any such jurisdiction where it has
not theretofore done so or to take any action that would subject it to general service of process or taxation in any such jurisdiction where it is not then subject; 

  
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 (g) upon the occurrence of any event contemplated by Section 7.4(c)(v), prepare
a supplement or post-effective amendment to such Registration Statement or the related Prospectus or any document incorporated or deemed to be incorporated therein by reference and file any other required document so that, as thereafter delivered to
the purchasers of the Registrable Securities being sold thereunder (including upon the termination of any Delay Period), such Prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated
therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading; 

(h) use commercially reasonable efforts to cause all Registrable Securities covered by such Registration Statement to be listed on each
securities exchange or automated interdealer quotation system, if any, on which similar securities issued by the Company are then listed or quoted, or, if none, on such securities exchange or automated interdealer quotation system reasonably
selected by the Company; 
 (i) on or before the effective date of such Registration Statement, provide the transfer agent of
the Company for the Registrable Securities with printed certificates for the Registrable Securities covered by such Registration Statement (if the Registrable Securities are certificated), which are in a form eligible for deposit with The Depository
Trust Company; 
 (j) if such offering is an underwritten offering, make available for inspection by any Stockholder of
Registrable Securities included in such Registration Statement, any underwriter participating in any offering pursuant to such Registration Statement, and any attorney, accountant or other agent retained by any such Stockholder or underwriter
(collectively, the “Inspectors”), all financial and other records and other information, pertinent corporate documents and properties of any of the Company and its Subsidiaries and affiliates (collectively, the
“Records”), as shall be reasonably necessary to enable them to exercise their due diligence responsibilities; provided, however, that the Records that the Company determines, in good faith, to be confidential and which
it notifies the Inspectors in writing are confidential shall not be disclosed to any Inspector unless such Inspector signs a confidentiality agreement reasonably satisfactory to the Company, which shall permit the disclosure of such Records in such
Registration Statement or the related Prospectus if (i) necessary to avoid or correct a material misstatement in or material omission from such Registration Statement or Prospectus or (ii) the release of such Records is ordered pursuant to
a subpoena or other order from a court of competent jurisdiction; provided further, however, that (A) any decision regarding the disclosure of information pursuant to subsection (i) shall be made only after consultation with
counsel for the applicable Inspectors and the Company and (B) with respect to any release of Records pursuant to subsection (ii), each Stockholder of Registrable Securities agrees that it shall, promptly after learning that disclosure of such
Records is sought in a court having jurisdiction, give notice to the Company so that the Company, at the Company’s expense, may undertake appropriate action to prevent disclosure of such Records; 

(k) not later than the effective date of a registration statement, the Company shall provide to the Stockholders the CUSIP number for all
Registrable Securities; and 
 (l) if such offering is an underwritten offering, enter into such agreements (including an
underwriting agreement in form, scope and substance as is customary in underwritten offerings) and take all such other appropriate and reasonable actions requested by the Stockholders of a majority of the Registrable Securities being sold in
connection therewith 

  
 29 

 
(including those reasonably requested by the managing underwriters) in order to expedite or facilitate the disposition of such Registrable Securities, and in such connection, (i) use
commercially reasonable efforts to obtain opinions of counsel to the Company and updates thereof (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the managing underwriters and counsel to the Stockholders
of the Registrable Securities being sold), addressed to each selling Stockholder of Registrable Securities covered by such Registration Statement and each of the underwriters as to the matters customarily covered in opinions requested in
underwritten offerings and such other matters as may be reasonably requested by such counsel and underwriters, (ii) use commercially reasonable efforts to obtain “cold comfort” letters and updates thereof from the independent
certified public accountants of the Company (and, if necessary, any other independent certified public accountants of any Subsidiary of the Company or of any business acquired by the Company for which financial statements and financial data are, or
are required to be, included in the Registration Statement), addressed to each selling holder of Registrable Securities covered by the Registration Statement (unless such accountants shall be prohibited from so addressing such letters by applicable
standards of the accounting profession) and each of the underwriters, such letters to be in customary form and covering matters of the type customarily covered in “cold comfort” letters in connection with underwritten offerings,
(iii) if requested and if an underwriting agreement is entered into, provide indemnification provisions and procedures customary for underwritten public offerings, but in any event no less favorable to the indemnified parties than the
provisions set forth in Section 7.7, and (iv) provide for the reasonable participation and cooperation by the management of the Company with respect thereto, including participation by management in road shows, investor meetings and
other customary cooperation. The above shall be done at each closing under such underwriting or similar agreement, or as and to the extent required thereunder. 
 The Company may require each Stockholder of Registrable Securities covered by a Registration Statement to furnish such information regarding such Stockholder and such Stockholder’s intended method of
disposition of such Registrable Securities as it may from time to time reasonably request in writing. If any such information is not furnished within a reasonable period of time after receipt of such request, the Company may exclude such
Stockholder’s Registrable Securities from such Registration Statement. Notwithstanding the foregoing, in no event shall any Stockholder be required to provide any information about its investors unless required by the SEC to do so. 

Each Stockholder of Registrable Securities covered by a Registration Statement agrees that, upon receipt of any notice from the Company
of the happening of any event of the kind described in Section 7.4(c)(ii), 7.4(c)(iii), 7.4(c)(iv) or 7.4(c)(v), that such Stockholder shall discontinue disposition of any Registrable Securities covered by such
Registration Statement or the related Prospectus until receipt of the copies of the supplemented or amended Prospectus contemplated by Section 7.4(g), or until such Stockholder is advised in writing (the “Advice”) by the
Company that the use of the applicable Prospectus may be resumed, and has received copies of any amended or supplemented Prospectus or any additional or supplemental filings which are incorporated, or deemed to be incorporated, by reference in such
Prospectus (such period during which disposition is discontinued being an “Interruption Period”) and, if requested by the Company, the Stockholder shall deliver to the Company (at the expense of the Company) all copies then in its
possession, other than permanent file copies then in such holder’s possession, of the Prospectus covering such Registrable Securities at the time of receipt of such request. 

  
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 Each Stockholder of Registrable Securities covered by a Registration Statement further
agrees not to utilize any material other than the applicable current preliminary prospectus, free writing prospectus, road show or Prospectus in connection with the offering of such Registrable Securities. 

SECTION 7.5 Registration Expenses. Whether or not any Registration Statement is filed or becomes effective, the Company shall pay
all costs, fees and expenses incident to the registration of Registrable Securities, including (i) all registration and filing fees, including FINRA filing fees, (ii) all fees and expenses of compliance with securities or “Blue
Sky” laws, including reasonable fees and disbursements of counsel in connection therewith, (iii) printing expenses (including expenses of printing certificates for Registrable Securities and of printing prospectuses if the printing of
prospectuses is requested by the Stockholders or the managing underwriter, if any), (iv) messenger, telephone and delivery expenses, (v) fees and disbursements of counsel for the Company, (vi) fees and disbursements of all independent
certified public accountants of the Company (including expenses of any “cold comfort” letters required in connection with this Agreement) and all other advisors retained by the Company in connection with such Registration Statement,
(vii) fees and disbursements of one counsel, other than the Company’s counsel, selected by Stockholders of a majority of the Registrable Securities being registered and reasonably acceptable to the other Stockholders participating in such
offering, to represent all such Stockholders, (viii) in the event of an underwritten offering, the expenses of the Company and the underwriters associated with any “road show” which are customarily paid or reimbursed by issuers,
(ix) fees and disbursements of underwriters customarily paid by the issuers or sellers of securities and (x) all other costs, fees and expenses incident to the Company’s performance or compliance with this Agreement. Notwithstanding
the foregoing, the fees and expenses of any advisors retained by any Stockholder, other than one counsel for all such Stockholders, and any underwriting discounts or commissions, brokers’ fees or fees of similar securities industry
professionals and any transfer taxes relating to the disposition of the Registrable Securities by a Stockholder, will be payable by such Stockholder and the Company will have no obligation to pay any such amounts. 

SECTION 7.6 Underwriting Requirements. 
 (a) Subject to Section 7.6(c), any Stockholder that initiates a Demand Registration shall have the right, by written notice, to require that such Demand Registration provide for an
underwritten offering. 
 (b) In the case of any underwritten offering pursuant to a Demand Registration, the Company shall be
entitled to select the institution or institutions that shall manage or lead such offering, which institution or institutions shall be subject to the reasonable consent of the Stockholder(s) making the demand. In the case of any underwritten
offering pursuant to a Piggyback Registration, the Company shall select the institution or institutions that shall manage or lead such offering. 

  
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 (c) In the case of any Registration, no Stockholder shall be entitled to participate in any
underwritten offering with respect to any Registrable Securities that it owns unless and until such Stockholder has entered into an underwriting or other agreement with such institution or institutions for such offering in such customary form as the
Company and such institution or institutions shall reasonably determine, pursuant to which the Stockholder agrees that it shall not make any short sale of, loan, grant any option for the purchase of or effect any public sale or distribution,
including a sale pursuant to Rule 144 under the Securities Act, of any Registrable Securities for one-hundred and eighty (180) days, or such other time period as may be required by FINRA regulations or applicable Law, following the effective
date of the Registration Statement filed with respect to the IPO; provided, that no holder of Registrable Securities included in any underwritten registration shall be required to make any representation or warranties to the Company or the
underwriters (other than representations and warranties regarding such holder and such holder’s ownership of the shares to be sold pursuant to such underwriting) or to undertake any indemnification or contribution obligations to the Company or
any underwriter with respect thereto, other than as specifically provided in Section 7.7. 
 SECTION 7.7
Indemnification. 
 (a) Indemnification by the Company. The Company shall, without limitation as to time, indemnify
and hold harmless, to the fullest extent permitted by law, each Stockholder of Registrable Securities whose Registrable Securities are covered by a Registration Statement or Prospectus, the officers, directors and agents and employees of each of
them, each Person who controls each such Stockholder (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) and the officers, directors, agents and employees of each such controlling person, to the
fullest extent permitted by applicable Law, from and against any and all losses, claims, damages, liabilities, judgment, costs (including costs of investigation or preparation and reasonable attorneys’ fees) and expenses (collectively,
“Losses”), as incurred, arising out of or based upon (w) any untrue or alleged untrue statement of a material fact contained in such Registration Statement or Prospectus or in any amendment or supplement thereto in any
preliminary prospectus, any free writing prospectus, any information the Company has filed or is required to file pursuant to Rule 433(d) under the Securities Act, or any other material or information provided to or made available to investors by,
or with the approval of, the Company in connection with the offering, including any road show for the offering (collectively, “Marketing Materials”), (x) any omission or alleged omission of a material fact required to be stated
therein or necessary to make the statements therein not misleading, except insofar as the same are based upon information furnished in writing to the Company by or on behalf of such Stockholder expressly for use in the Marketing Materials,
(y) any untrue statement or alleged untrue statement of a material fact in the information conveyed to any purchaser at the time of the sale to such purchaser, or the omission or alleged omission to state therein a material fact required to be
stated therein, or (z) any violation by the Company of any federal, state or common law rule or regulation applicable to the Company and relating to action required of or inaction by the Company in connection with any such registration;
provided, however, that the Company shall not be liable to any such Stockholder to the extent that any such Losses arise out of or are based upon an untrue statement or alleged untrue statement or omission or alleged omission
made in any preliminary prospectus if (i) having previously been furnished by or on behalf of the Company with copies of the Prospectus, such Stockholder failed to send or deliver a copy of the Prospectus with or prior to the delivery of
written confirmation of the sale of 

  
 32 

 Registrable Securities by such Stockholder to the Person asserting the claim from which such Losses arise
and (ii) the Prospectus would have corrected in all material respects such untrue statement or alleged untrue statement or such omission or alleged omission; and provided further, however, that the Company shall not be liable in
any such case to the extent that any such Losses arise out of or are based upon an untrue statement or alleged untrue statement or omission or alleged omission in the Prospectus, if (A) such untrue statement or alleged untrue statement,
omission or alleged omission is corrected in all material respects in an amendment or supplement to the Prospectus and (B) having previously been furnished by or on behalf of the Company with copies of the Prospectus as so amended or
supplemented, such Stockholder thereafter fails to deliver such Prospectus as so amended or supplemented, prior to or concurrently with the sale of Registrable Securities. 
 (b) Indemnification by Stockholder of Registrable Securities. In connection with any Registration Statement in which a Stockholder is participating, such Stockholder shall furnish to the Company in
writing such information as the Company reasonably requests with respect to such Stockholder and securities of the Company Beneficially Owned by such Stockholder and its Affiliates for use in connection with the Marketing Materials and agrees to
indemnify, severally and not jointly with the other Stockholders and to the fullest extent permitted by applicable Law, the Company, its Directors, officers, agents or employees, each Person who controls the Company (within the meaning of
Section 15 of the Securities Act and Section 20 of the Exchange Act) and the directors, officers, agents or employees of such controlling Persons, from and against all Losses arising out of or based upon (x) any untrue statement of a
material fact contained in the Marketing Materials or (y) any omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, to the extent, but only to the extent, that such untrue
statement or omission is based upon and is consistent with information so furnished in writing by or on behalf of such Stockholder to the Company expressly for use in such Marketing Materials. No Stockholder shall be held liable for any Losses
(including all amounts for which such Stockholder is required to provide indemnification pursuant to this Section 7.7(b) or contribution pursuant to Section 7.7(d)) in excess of the total amount of proceeds received by such
Stockholder from the sale of the Registrable Securities sold by such Stockholder (net of all underwriting discounts and commissions) under that particular Registration Statement. 

(c) Conduct of Indemnification Proceedings. If any Person shall be entitled to indemnity hereunder (an “Indemnified
Party”), such Indemnified Party shall give prompt notice to the party from which such indemnity is sought (the “Indemnifying Party”) of any claim or of the commencement of any proceeding with respect to which such
Indemnified Party seeks indemnification or contribution pursuant hereto; provided, however, that the delay or failure to so notify the Indemnifying Party shall not relieve the Indemnifying Party from any obligation or liability
except to the extent that the Indemnifying Party has been materially prejudiced by such delay or failure. The Indemnifying Party shall have the right, exercisable by giving written notice to an Indemnified Party promptly after the receipt of written
notice from such Indemnified Party of such claim or proceeding, to assume, at the Indemnifying Party’s expense, the defense of any such claim or proceeding, with counsel reasonably satisfactory to such Indemnified Party; provided,
however, that (i) an Indemnified Party shall have the right to employ separate counsel in any such claim or proceeding and to participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such
Indemnified Party unless: (1) the 

  
 33 

 Indemnifying Party agrees to pay such fees and expenses; (2) the Indemnifying Party fails promptly to
assume the defense of such claim or proceeding or fails to employ counsel reasonably satisfactory to such Indemnified Party; or (3) the named parties to any proceeding (including impleaded parties) include both such Indemnified Party and the
Indemnifying Party, and such Indemnified Party shall have been advised by counsel that there may be one or more legal defenses available to it that are in addition to or are inconsistent with those available to the Indemnifying Party or that a
conflict of interest is likely to exist among such Indemnified Party and any other indemnified parties (in which case the Indemnifying Party shall not have the right to assume the defense of such action on behalf of such Indemnified Party); and
(ii) subject to subsection (3) above, the Indemnifying Party shall not, in connection with any one such claim or proceeding or separate but substantially similar or related claims or proceedings in the same jurisdiction, arising out of the
same general allegations or circumstances, be liable for the fees and expenses of more than one counsel (together with appropriate local counsel) at any time for all of the Indemnified Parties. Whether or not such defense is assumed by the
Indemnifying Party, such Indemnified Party shall not be subject to any liability for any settlement made without its consent, which consent shall not be unreasonably withheld, conditioned or delayed. The Indemnifying Party shall not consent to entry
of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party of a release, in form and substance reasonably satisfactory to the Indemnified
Party, from all liability in respect of such claim or litigation for which such Indemnified Party would be entitled to indemnification hereunder. 
 (d) Contribution. If the indemnification provided for in this Section 7.7 is applicable in accordance with its terms but is legally unavailable to an Indemnified Party in respect of any
Losses, then each applicable Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party as a result of such Losses, in such proportion as is appropriate to reflect the
relative fault of the Indemnifying Party, on the one hand, and such Indemnified Party, on the other hand, in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations.
The relative fault of such Indemnifying Party, on the one hand, and Indemnified Party, on the other hand, shall be determined by reference to, among other things, whether any action in question, including any untrue statement of a material fact or
omission or alleged omission to state a material fact, has been taken by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to
correct or prevent any such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include any legal or other fees or expenses incurred by such party in connection with any investigation or
proceeding. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 7.7(d) were determined by pro rata allocation or by any other method of allocation that does not take account of the
equitable considerations referred to in the immediately preceding paragraph. Notwithstanding the provision of this Section 7.7(d), an Indemnifying Party that is a Stockholder shall not be required to contribute any amount which (together
with all amounts that such Stockholder is required to provide indemnification pursuant to Section 7.7(b)) is in excess of the amount by which the total proceeds received by such Stockholder from the sale of the Registrable Securities
sold by such Stockholder (net of all underwriting discounts and commissions) exceeds the amount of any damages that such Indemnifying Party has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or
alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation.

  
 34 

 SECTION 7.8 Rule 144 Information. With a view to making available the benefits of
certain rules and regulations of the Commission which may at any time permit the sale of the Registrable Securities to the public without registration, after such time as a registration statement relating to the Common Stock has been declared
effective under either the Securities Act or the Exchange Act, the Company agrees to use its best efforts to: 
 (a) Make and
keep public information available, as those terms are understood and defined in Rule 144 under the Securities Act, at all times after the earlier of (i) such time as a registration statement relating to the Common Stock has been declared
effective under either the Securities Act or the Exchange Act or (ii) the date that the Company becomes subject to the periodic reporting requirements under Section 13 or 15(d) of the Exchange Act, for so long as the Company remains
subject to the periodic reporting requirements under Section 13 or 15(d) of the Exchange Act. 
 (b) Use its best efforts
to file with the Commission in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements). 

(c) Furnish to any Stockholder forthwith upon request a written statement by the Company as to its compliance with the reporting
requirements of Rule 144 under the Securities Act (at any time after ninety (90) days after the effective date of the first registration statement filed by the Company for an offering of its securities to the general public), and of the
Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements), a copy of the most recent annual or quarterly report of the Company, and such other reports and documents of the Company and other
information in as such Stockholder may reasonably request in availing itself of any rule or regulation of the Commission allowing such Stockholder to sell any such securities without registration. 

SECTION 7.9 Miscellaneous Registration Rights Provisions. 
 (a) Limitation on Subsequent Grants. The Company shall not grant registration rights to any Person other than the rights set forth in this Article VII, unless the Company has obtained the
prior written consent of Stockholders holding at least sixty-six and two-thirds percent (66 2/3%) of the number of Registrable Securities then outstanding; provided, however, that after the effectiveness of any shelf Registration
Statement filed pursuant to Section 7.2(c), the Company may grant piggyback registration rights that are junior to the registration rights granted to Stockholders pursuant to this Article VII. 

(b) Assignment of Registration Rights. In connection with any Transfer of Registrable Securities by any Stockholder, the
registration rights related to such Registrable Securities shall automatically transfer to the transferee of such Registrable Securities. Any other purported direct or indirect Transfer of such registration rights by any Stockholder shall be null
and void and of no force or effect. 

  
 35 

 (c) Termination of Registration Rights. All of the Company’s obligations to
register Registrable Securities of any Stockholder under this Article VII shall terminate on the date on which such Stockholder ceases to Beneficially Own any Registrable Securities. 

ARTICLE VIII 

MISCELLANEOUS 

SECTION 8.1 Term; Termination. This Agreement may be terminated pursuant to a writing signed by Stockholders holding at least
sixty-six and two-thirds percent (66 2/3%) of the outstanding shares of Common Stock held by all Stockholders, and shall automatically terminate on the earlier to occur of (a) the completion of a Qualified Public Offering, (b) the date
that is the ten (10) year anniversary of the date hereof; provided that the provisions of Section 6.2, Article VII and Article VIII shall survive any such termination of this Agreement. This Agreement shall
terminate automatically with respect to any Stockholder when such Stockholder ceases to beneficially own any shares of Common Stock; provided, that Section 6.2 shall survive any such termination and shall terminate as set forth
therein. 
 SECTION 8.2 Amendments and Modifications. This Agreement may be modified or amended only
by a writing signed by the Company and by Stockholders that Beneficially Own in the aggregate at least sixty-six and two-thirds percent (66 2/3%) of the outstanding shares of Common Stock held by all Stockholders; provided, that any modification or amendment
that would reasonably be expected to disproportionately and adversely affect any Stockholder in any material respect shall require the written consent of each Stockholder that is so affected; provided, further, that any modification or
amendment to Section 5.4 or Section 5.5 that would reasonably be expected to adversely affect the Employee Stockholders in any material respect shall require the written consent of Employee Stockholders holding a majority of
the outstanding shares of Common Stock held by all Employee Stockholders. 
 SECTION 8.3 Action by Stockholders. Any
action required or contemplated by this Agreement to be taken by a majority of the Stockholders may be taken by delivery of a written consent executed on behalf of one or more Stockholders that Beneficially Own, in the aggregate, at least a majority
of the shares of Common Stock held by all Stockholders, and the Company shall be entitled to rely upon any such written consent without prior notice to or consultation with any Person. 

SECTION 8.4 After-Acquired Shares. This Agreement shall apply to all shares of Common Stock Beneficially Owned by a Stockholder at
all times, whether such shares of Common Stock are acquired prior to or after the date hereof. 
 SECTION 8.5 Notices.
All notices, requests, waivers and other communications made pursuant to this Agreement shall be in writing and shall be deemed to have been effectively given (a) when personally delivered to the Party to be notified; (b) when sent by
confirmed facsimile to the Party to be notified at the number set forth below; (c) three (3) Business Days after deposit in the United States mail postage prepaid by certified or registered mail return receipt requested and addressed to
the Party to be notified as set forth below; or (d) one (1) Business Day after deposit with a national overnight delivery service, postage prepaid, 

  
 36 

 addressed to the Party to be notified as set forth below with next-business-day delivery guaranteed, in each
case as follows: 
 In the case of the Company, to: 
 NewPage Holdings Inc. 
 8540 Gander Creek Drive 

Miamisburg, Ohio 45342 
 Attention: General Counsel 
 Telephone: (937) 781-5101 

Facsimile: (937) 242-9324 
 In the case of any Stockholder: 
 To the names and addresses set forth in the
books and records of the Company. 
 With a copy (which shall not constitute notice) to, in the case of the Goldman
Stockholders: 
 Weil, Gotshal & Manges LLP 
 100 Federal Street, 34th Floor 
 Boston, Massachusetts 02110 

Attention: Steven M. Peck 
 Telephone: (617) 772-8344 
 Facsimile: (671) 772-8333 

A Party may change its address for purposes of notice hereunder by giving ten (10) days’ notice of such change to all other Parties in the
manner provided in this Section 8.5. 
 SECTION 8.6 Binding Effect; Successors and Assigns. This Agreement
shall be binding upon and inure to the benefit of the respective successors and assigns of the Parties hereto. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the Parties hereto or their respective
successors and permitted assignees any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided herein. 
 SECTION 8.7 Entire Agreement. This Agreement (together with the documents attached as exhibits hereto and any documents or agreements specifically contemplated hereby) supersedes all prior
discussions and agreements among any of the Parties hereto (and their Affiliates) with respect to the subject matter hereof and contains the entire understanding of the Parties with respect to the subject matter hereof. 

SECTION 8.8 Counterparts; Headings. This Agreement may be executed in counterparts, each of which shall be signed by the Company
and one or more Stockholders, and all of which are deemed to be one and the same agreement binding upon the Company and each of the Stockholders. The headings of the various sections of this Agreement have been inserted for convenience of reference
only and shall not be deemed to be a part of this Agreement. 

  
 37 

 SECTION 8.9 Primary Indemnitor. Any Designated Director entitled to indemnification,
advancement of expenses and/or insurance, pursuant to this Agreement, any other agreement with the Company, the Certificate of Incorporation or the Bylaws and that is an officer, employee, partner or advisor of the applicable Designating Stockholder
or its Affiliates (each such person, an “Indemnitee”), may have certain rights to indemnification, advancement of expenses and/or insurance provided by or on behalf of such Designating Stockholder and/or its Affiliates
(collectively, the “Fund Indemnitors”). Notwithstanding anything to the contrary in this Agreement, the Certificate of Incorporation or the Bylaws or otherwise: (a) the Company is the indemnitor of first resort (i.e., the
Company’s obligations to each Indemnitee are primary and any obligation of the Fund Indemnitors to advance expenses or to provide indemnification for the same expenses or liabilities incurred by each Indemnitee are secondary), (b) the
Company shall advance the full amount of expenses incurred by each Indemnitee, in each case to the extent the Indemnitee is entitled to such advancement under applicable law or pursuant to the Certificate of Incorporation, the Bylaws, or any
agreement; provided, however, in the event the Company is suing an Indemnitee, the Company shall not be responsible to advance any expenses to any such Indemnitee during the pendency of such action, (c) will be liable for the full
amount of all liabilities, expenses, judgments, penalties, fines and amounts paid in settlement to the extent legally permitted and as required by this Agreement, without regard to any rights each Indemnitee may have against the Fund Indemnitors,
and (d) the Company irrevocably waives, relinquishes and releases the Fund Indemnitors from any and all claims against the Fund Indemnitors for contribution, subrogation or any other recovery of any kind in respect thereof. Notwithstanding
anything to the contrary in this Agreement, the Certificate of Incorporation of the Company or the By-Laws of the Company or otherwise, no advancement or payment by the Fund Indemnitors on behalf of an Indemnitee with respect to any claim for which
such Indemnitee has sought indemnification or advancement of expenses from the Company will affect the foregoing and the Fund Indemnitors will have a right of contribution and/or be subrogated to the extent of such advancement or payment to all of
the rights of recovery of such Indemnitee against the Company. The Fund Indemnitors are express third party beneficiaries of the terms of this Section 8.9. 
 SECTION 8.10 Further Acts and Assurances. Each Party shall give such further assurance, provide such further information, take such further actions and execute and deliver such further documents
and instruments as are, in each case, within its power to give, provide and take so as to give full force and effect to the provisions of this Agreement. 
 SECTION 8.11 Governing Law; Consent to Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to its conflicts of law
doctrine. Each Party hereby submits to the exclusive jurisdiction of the Chancery Court of the State of Delaware and any state appellate court therefrom within the State of Delaware (unless the Delaware Court of Chancery shall decline to accept
jurisdiction over a particular matter, in which case, in any Delaware state or federal court within the State of Delaware, and any appellate court thereof) and any judicial proceeding brought against any of the Parties on any dispute arising out of
this Agreement or any matter related hereto shall be brought in such courts. Each Party hereby irrevocably waives, to the fullest extent permitted by law, any objection it may have or hereafter have to the laying of the venue of any such proceeding
brought in such a court and any claim that any such proceeding brought in such a court has been brought in an inconvenient forum. Each Party hereby consents to process being 

  
 38 

 served in any such proceeding by the mailing of a copy thereof by registered or certified mail, postage
prepaid, to the address specified in Section 8.5, or in any other manner permitted by law. EACH PARTY HERETO HEREBY KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY WAIVES ANY RIGHTS IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY SUCH ACTION
OR PROCEEDING. 
 SECTION 8.12 Injunctive Relief. It is hereby agreed and acknowledged that it will be impossible to
measure in money the damages that would be suffered if any of the Parties fail to comply with any of the obligations imposed on them by this Agreement and that in the event of any such failure, an aggrieved Party will be irreparably damaged and will
not have an adequate remedy at law. Any such aggrieved Party shall, therefore, be entitled to seek injunctive relief, including specific performance, to enforce such obligations, and if any action should be brought in equity to enforce any of the
provisions of this Agreement, none of the Parties shall raise the defense that there is an adequate remedy at law. 
 SECTION
8.13 Severability. The invalidity or unenforceability of any provisions of this Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the remainder of this Agreement in such jurisdiction or the validity,
legality or enforceability of any provision of this Agreement in any other jurisdiction, it being intended that all rights and obligations of the Parties shall be enforceable to the fullest extent permitted by law. 

SECTION 8.14 Recapitalization, Etc. In the event that any capital stock or other securities are issued in respect of, in exchange
for, or in substitution of, shares of capital stock of the Company by reason of any reorganization, recapitalization, reclassification, merger, consolidation, spin-off, partial or complete liquidation, stock dividend, split-up, sale of assets,
distribution to stockholders or combination of shares or any other change in the Company’s capital structure, appropriate adjustments shall be made to the provisions of this Agreement so as to fairly and equitably preserve, as far as
practicable, the original rights and obligations of the Parties hereto under this Agreement. 
 [Signature Pages Follow]

  
 39 

 IN WITNESS WHEREOF, each of the undersigned Parties has caused this Agreement to be executed
and delivered by its duly authorized officer as of the date first written above. 
  

					
	STOCKHOLDER:
	  

	(Print Name of Entity)
	
	By:
		
	By:	 	  

		 	Name:
		 	Title:
	
	Address for Notices:
			
		 		 	  

		 		 	Address – Line 1
		 		 	  

		 		 	Address – Line 2
		 		 	  

		 		 	Address – Line 3
		 		 	  

		 		 	Attention
		 		 	  

		 		 	Facsimile
		 		 	  

		 		 	Telephone
		 		 	  

		 		 	Email

 SCHEDULE 1 
 INITIAL STOCKHOLDERS 

 SCHEDULE 2 
 DESIGNATING STOCKHOLDERS 

 EXHIBIT A 
 CERTIFICATE OF INCORPORATION 

 [INSERT CERTIFICATE OF INCORPORATION] 

  
 A-1

 EXHIBIT B 
 BYLAWS 

  
 B-1

 BYLAWS 
 OF 
 NEWPAGE HOLDINGS INC. 

Adopted as of December 21, 2012 

 TABLE OF CONTENTS 

					
	 SECTION 1 DEFINITIONS
	  	 	1	 
		
	 1.01 Definitions
	  	 	1	 
	 1.02 Rules of Construction
	  	 	1	 
		
	
SECTION 2 MEETINGS OF STOCKHOLDERS

	  	 	1	  
		
	 2.01 Place of Meetings
	  	 	1	 
	 2.02 Annual Meeting
	  	 	1	 
	 2.03 Special Meetings
	  	 	2	 
	 2.04 Record Date
	  	 	2	 
	 2.05 Notice to Stockholders
	  	 	3	 
	 2.06 Quorum and Adjournments
	  	 	3	 
	 2.07 Voting
	  	 	3	 
	 2.08 Proxies
	  	 	4	 
	 2.09 List of Stockholders
	  	 	4	 
	 2.10 Conduct of Meetings
	  	 	4	 
	 2.11 Written Consents
	  	 	4	 
		
	 SECTION 3 DIRECTORS
	  	 	5	 
		
	 3.01 General Powers
	  	 	5	 
	 3.02 Number, Tenure and Qualifications
	  	 	5	 
	 3.03 Election
	  	 	5	 
	 3.04 Removal
	  	 	6	 
	 3.05 Resignations
	  	 	6	 
	 3.06 Vacancies
	  	 	6	 
	 3.07 Place of Meeting
	  	 	6	 
	 3.08 Compensation
	  	 	6	 
	 3.09 Regular Meetings
	  	 	6	 
	 3.10 Special Meetings
	  	 	6	 
	 3.11 Notice of Meetings
	  	 	6	 
	 3.12 Quorum
	  	 	7	 
	 3.13 Conduct of Meetings
	  	 	7	 
	 3.14 Committees
	  	 	7	 
	 3.15 Written Consents
	  	 	7	 
	 3.16 Conference Call Meetings
	  	 	8	 
		
	 SECTION 4 OFFICERS
	  	 	8	 
		
	 4.01 Generally
	  	 	8	 
	 4.02 Elected Officers
	  	 	8	 
	 4.03 Appointed Officers
	  	 	8	 
	 4.04 Compensation
	  	 	8	 
	 4.05 Term and Removal
	  	 	8	 
	 4.06 Resignations
	  	 	8	 
	 4.07 Vacancies
	  	 	9	 
	 4.08 Duties
	  	 	9	 

  
 i 

					
		
	 SECTION 5 INDEMNIFICATION
	  	 	10	 
		
	 5.01 Right to Indemnification
	  	 	10	 
	
5.02 Right to Advancement of Expenses
	  	 	10	 
	
5.03 Right of Covered Person to 
Bring Suit
	  	 	11	 
	 5.04 Non-Exclusivity of Rights
	  	 	11	 
	 5.05 Insurance
	  	 	11	 
	
5.06 Indemnification of Employees and Agents 
of the Company
	  	 	12	 
	 5.07 Nature of Rights
	  	 	12	 
	 5.08 Primary Indemnification
	  	 	12	 
	
5.09 Limitation on Indemnification and Advancement 
of Expenses
	  	 	12	 
		
	 SECTION 6 CAPITAL STOCK
	  	 	13	 
		
	 6.01 Certificates
	  	 	13	 
	 6.02 Transfer
	  	 	13	 
	 6.03 Rights of Holders
	  	 	13	 
	 6.04 Lost Certificates
	  	 	13	 
		
	
SECTION 7 GENERAL PROVISIONS
	  	 	13	 
		
	 7.01 Fiscal Year
	  	 	13	 
	 7.02 Dividends
	  	 	14	 
	 7.03 Corporate Seal
	  	 	14	 
	 7.04 Form of Records
	  	 	14	 
	
7.05 Registered Office and Registered Agent
	  	 	14	 
	 7.06 Amendments
	  	 	14	 
	
7.07 Voting Shares in Other Corporations
	  	 	14	 

  
 ii 

 SECTION 1 DEFINITIONS. 

1.01 Definitions. As used in these Bylaws, the following terms have the meanings indicated. 

“Board” means the Board of Directors of the Company. 

“Bylaws” means these Bylaws of the Company, as amended from time to time. 

“Business Day” means a day other than Saturday, Sunday or any day on which banks located in New York, New York
are authorized or obligated to close. 
 “Certificate of Incorporation” means the Certificate of
Incorporation of the Company, as may be amended or supplemented from time to time in accordance with the terms thereof. 

“Company” means NewPage Holdings Inc., a Delaware corporation. 

“Covered Person” is defined in Section 5.01. 

“Delaware Law” means the Delaware General Corporation Law or other applicable statutes of the State of Delaware,
as amended from time to time. 
 “Director” means a member of the Board. 

“Stockholder” means a holder of capital stock of the Company. 

“Stockholders Agreement” means the Stockholders Agreement, dated as of December __, 2012, by and among the
Company and certain Stockholders, as may be amended or supplemented from time to time in accordance with its terms. 
 1.02
Rules of Construction. As used in these Bylaws, “including” means “including without limitation.” References to a particular officer means the referenced officer of the Company duly elected or appointed pursuant to
these Bylaws. References to any particular “Section” are, except as expressly provided otherwise, to the designated Sections of this Agreement. 
 SECTION 2 MEETINGS OF STOCKHOLDERS. 
 2.01 Place of Meetings. Except as other-wise provided in these Bylaws, the Board may designate any place within or outside the State of Delaware as the place of meeting for any annual or
special meeting of Stockholders. In lieu of holding a Stockholders meeting at a designated place, the Board may in its sole discretion determine that the meeting be held solely by means of remote communication, as authorized by Delaware Law.

 2.02 Annual Meeting. The annual meeting of Stockholders for the election of Directors and the transaction of
any other proper business that may be brought before the meeting will be held on the date and time after the close of the Company’s fiscal year that the Board may from time to time determine. Except as otherwise provided in the Stockholders

 
Agreement, any Stockholder wishing to propose a nominee for Director or other business to be brought before an annual meeting must give timely notice of the nomination or other business in
writing to the Secretary, and the other business must otherwise be a proper matter for Stockholder action as determined by the Board. To be timely, a Stockholder notice must be delivered to the Secretary at the principal executive offices of the
Company no earlier than 120 days before and no later than 90 before the first anniversary of the preceding year’s annual meeting, but if the date of the annual meeting date is more than 30 days before or more than 70 days after the anniversary
date, the Stockholder notice must be delivered no earlier than 120 days before the annual meeting date and no later than 10 days following the day on which public announcement of the annual meeting date is first made by the Company. The public
announcement of an adjournment or postponement of an annual meeting of Stockholders will not commence a new time period (or extend any existing time period) for the giving of a Stockholder’s notice as described above. 

2.03 Special Meetings. Special meetings of the Stockholders for any purpose or purposes may only be called by the Board or
by the written request of one or more Stockholders holding, in the aggregate, shares of the Company’s capital stock entitled to cast not less than twenty-five percent (25%) of the votes at such meeting. Any such written request shall
specify the time of such meeting and the general nature of the business proposed to be transacted and shall be delivered personally or sent by registered mail or by facsimile transmission to the Secretary, and upon receipt of any such request, the
Secretary shall cause notice of the special meeting to be promptly given, in accordance with these Bylaws, to the Stockholders entitled to vote at such meeting. 
 2.04 Record Date. The Board may fix a record date for determining the Stockholders entitled to notice of or to vote at any meeting of Stockholders or any adjournment of a meeting, the
Stockholders entitled to receive payment of any dividend or other distribution or allotment of any rights, or the Stockholders entitled to exercise any rights in respect of any change, conversion or exchange of stock, or for the purpose of any other
lawful action. The record date may not precede the date upon which the resolution fixing the record date is adopted by the Board. Unless otherwise required by Delaware Law, the record date fixed by the Board (1) for determining Stockholders
entitled to vote at a meeting of Stockholders or adjournment of a meeting must be not be more than 60 nor less than 10 days before the date of the meeting, and (2) for determining any other action must be not more than 60 days before that other
action. If no record date is fixed by the Board, the record date (i) for determining Stockholders entitled to notice of or to vote at a meeting of Stockholders will be at the close of business on the day next preceding the day on which notice
is given or, if notice is waived, at the close of business on the day next preceding the day on which the meeting is held, and (ii) for determining Stockholders for any other purpose will be at the close of business on the day on which the
Board adopts the related resolution. A determination of Stockholders of record entitled to notice of or to vote at a meeting of Stockholders will apply to any adjournment of that meeting, unless the Board fixes a new record date for the adjourned
meeting. 

  
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 2.05 Notice to Stockholders. Except as otherwise provided in the Certificate
of Incorporation or these Bylaws or as otherwise required by Delaware Law: 
 (a) Notice of Meetings. Whenever
Stockholders are required or permitted to take any action at an annual or special meeting, a notice of the meeting must be given that states the place (if any), date and time of the meeting. Notice of a special meeting must also include a
description of the purpose or purposes for which the meeting is being called. 
 (b) Manner of Notice. Notices to
a Stockholder must be in writing and delivered personally or mailed to the Stockholder at the address appearing on the books of the Company. The notice of any meeting must be given not less than 10 nor more than 60 days before the date of the
meeting to each Stockholder entitled to vote at that meeting. If mailed, the notice will be deemed to be given when deposited in the United States mail, postage prepaid, directed to the Stockholder at the Stockholder’s address as it appears on
the records of the Company. 
 (c) Waiver of Notice. Any waiver of notice given by the person entitled to notice,
whether before or after the time stated in the notice, will be deemed equivalent to notice. Attendance of a person at a meeting in person or by proxy will constitute a waiver of notice of that meeting, except when the person attends a meeting for
the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting was not lawfully called or convened. Neither the business to be transacted at nor the purpose of any annual or special meeting
of Stockholders need be specified in a waiver of notice. 
 2.06 Quorum and Adjournments. Except as otherwise
provided by Delaware Law, the Certificate of Incorporation or the Stockholders Agreement, at all meetings of Stockholders the holders of a majority of the shares of the Company’s capital stock entitled to vote, present in person or represented
by proxy, will constitute a quorum for the transaction of business. If a quorum is not present or represented at a meeting of Stockholders, the Stockholders entitled to vote at that meeting who are present in person or represented by proxy may, by a
majority vote of the voting shares held by those Stockholders, adjourn the meeting from time to time without notice of the adjourned meeting if the time and place for the meeting to reconvene are announced at the meeting at which the adjournment is
taken, until a quorum is present or represented. Even if a quorum is present or represented at a meeting of Stockholders, the Stockholders who are entitled to vote at that meeting, present in person or represented by proxy may, by a majority vote of
the voting shares held by those Stockholders, adjourn the meeting from time to time without notice of the adjourned meeting if the time and place for the meeting to reconvene are announced at the meeting at which the adjournment is taken (except as
otherwise provided in these Bylaws), until a date that is not more than 30 days after the date of the adjournment. At any adjourned meeting at which a quorum is present in person or represented by proxy, any business may be transacted that might
have been transacted at the meeting as originally called. If the adjournment is for more than 30 days, or if after the adjournment a new record date is fixed for the adjourned meeting, notice of the adjourned meeting must be given, in accordance
with Section 2.05, to each Stockholder of record entitled to vote at the meeting. 
 2.07 Voting. Except as
otherwise provided by Delaware Law or by the Certificate of Incorporation, at any meeting of Stockholders each Stockholder of record having the right to vote will be entitled to one vote for every share of stock standing in the Stockholder’s
name as of the record date. Except as otherwise provided by Delaware Law, the Certificate of Incorporation or the Stockholders Agreement, any corporate action to be taken by a vote of the Stockholders, 

  
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other than the election of Directors (which is governed by Section 3.03), must be authorized by the affirmative vote of a majority of the shares present or represented by proxy at the
meeting and entitled to vote on the subject matter. Written ballots are not required for voting on any matter unless ordered by the chairperson of the meeting. 
 2.08 Proxies. Each Stockholder entitled to vote at a meeting of Stockholders may authorize another person or persons to act for that Stockholder by proxy, but no proxy may be voted or acted
upon after three years from its date unless the proxy provides for a longer period. Each proxy must be executed in writing by the Stockholder or by the Stockholder’s authorized representative, or otherwise as provided by Delaware Law. A proxy
will be irrevocable if it states that it is irrevocable and if, and only as long as, it is coupled with an interest sufficient under Delaware Law or other applicable law to support an irrevocable proxy. A Stockholder may revoke any proxy that is not
irrevocable by attending the meeting and voting in person or by delivering to the Secretary (or an agent of the Company appointed to receive and tabulate proxies) a revocation of the proxy or a new proxy bearing a later date. 

2.09 List of Stockholders. At least 10 days before each meeting of Stockholders, the Secretary will compile a complete list
of the Stockholders entitled to vote at the meeting, arranged in alphabetical order, and showing their addresses and the number of shares registered in their names as of the record date. The list of Stockholders will be open to the examination of
any Stockholder for any purpose germane to the meeting for a period of at least 10 days prior to the meeting, (i) on a reasonably accessible electronic network, provided that the information required to gain access to the list is provided with
the notice of the meeting, or (ii) during ordinary business hours, at the principal place of business of the Company. The list of Stockholders will also be produced and kept at the time and place of the meeting throughout the entire meeting,
and may be inspected by any Stockholder who is present. 
 2.10 Conduct of Meetings. At each meeting of
Stockholders, the Chairperson, or in his or her absence the Chief Executive Officer (or in the absence of the Chairperson and the Chief Executive Officer, an individual selected by the Board), will act as chairperson of the meeting. The Secretary,
or in his or her absence an Assistant Secretary or any other person appointed by the chairperson of the meeting, will act as secretary of the meeting and will keep the minutes of the meeting. The order of business at each meeting of the Stockholders
will be as determined by the chairperson of that meeting. 
 2.11 Written Consents. 

(a) Generally. Subject to this Section 2.11 and unless otherwise provided in the Certificate of Incorporation,
any action required or permitted to be taken by Stockholders at an annual or special meeting of Stockholders may be taken without a meeting and without a vote, if a consent in writing setting forth the action to be taken is signed by the holders of
the outstanding stock having not less than the minimum number of votes that would be necessary to authorize or take that action at a meeting at which all shares entitled to vote were present and voted. 

  
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 (b) Request for Record Date. The record date for determining Stockholders
entitled to express consent to corporate action in writing without a meeting will be as fixed by the Board or as otherwise established under this Section 2.11. Any person seeking to have Stockholders authorize or take corporate action by
written consent without a meeting must request that a record date be fixed for that purpose by written notice addressed to the Secretary, delivered to the Company, signed by a Stockholder of record, and describing the action that the Stockholder
proposes to take by consent. The Board will have ten days following receipt of the notice to adopt a resolution fixing the record date for that purpose, which record date may be no sooner than the date the resolution is adopted and later than ten
days after the date the resolution is adopted. If the Board fails to timely fix a record date, the record date will be the day on which the first written consent is delivered to the Company, unless Delaware Law requires prior action by the Board, in
which case the record date will be at the close of business on the day on which the Board takes the required prior action. 

(c) Effectiveness of Consent. Each written consent purporting to take or authorize the taking of corporate action must bear
the date of signature of each Stockholder who signs the consent, and no consent will be effective unless consents signed by a sufficient number of Stockholders are received by the Company within 60 days after the earliest consent is received by the
Company. Each written consent must be delivered to the Company, to the attention of the Secretary, at the Company’s principal place of business. No action by written consent will be effective until the Secretary or his or her designee certifies
to the Company that the consents delivered to the Company represent at least the minimum number of votes that would be necessary to take the corporate action in accordance with Delaware Law, the Stockholders Agreement and the Certificate of
Incorporation. The Company, the Board or any Stockholder will be entitled to contest the validity of any written consent or related revocation, whether before or after certification by the Secretary or his or her designee. 

SECTION 3 DIRECTORS. 
 3.01 General Powers. All corporate powers of the Company will be exercised by or under the authority of, and the business and affairs of the Company will be managed under the direction of,
the Board, subject to any limitation in the Certificate of Incorporation. 
 3.02 Number, Tenure and
Qualifications. Except as otherwise provided by the Certificate of Incorporation or the Stockholders Agreement, the Board will consist of one or more Directors, with the precise number of Directors constituting the entire Board to be fixed
from time to time by resolution of the Board. At the time of adoption of these Bylaws, the Board will consist of seven Directors. Except as otherwise provided by the Certificate of Incorporation or the Stockholders Agreement, the number of Directors
may be reduced or increased from time to time by action of the whole Board, but no decrease may shorten the term of an incumbent Director. Except as provided in the Stockholders Agreement, each Director will hold office until the next annual meeting
of Stockholders held after his or her election and until his or her successor has been elected and has qualified or until his or her earlier resignation, removal from office, or death. Directors need not be Stockholders. 

3.03 Election. Except as otherwise provided by Delaware Law, the Certificate of Incorporation, the Stockholders Agreement
or these Bylaws, the Directors will be elected at the annual meeting of the Stockholders and the persons receiving a plurality of the votes cast will be so elected. Subject to Sections 3.04 and 3.05, each Director will hold office
until his or her successor has been elected and qualified or until his or her earlier resignation, removal from office, or death. 

  
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 3.04 Removal. Unless otherwise provided by the Certificate of Incorporation,
these Bylaws, the Stockholders Agreement or any other contract or agreement to which the Company is a party, a Director may be removed at any time, with or without cause, by the holders of a majority of the shares then entitled to vote at an
election of Directors. 
 3.05 Resignations. Any Director may resign at any time by giving written notice of his
or her resignation to the Secretary. A resignation will take effect at the time specified in the resignation or, if the effective time is not specified, immediately upon its receipt. Unless otherwise specified in the resignation, the acceptance of a
resignation is not necessary to make it effective. 
 3.06 Vacancies. Unless otherwise provided by Delaware Law or
the Certificate of Incorporation, any newly created directorship or any vacancy occurring in the Board may be filled by a majority of the remaining members of the Board, although that majority may be less than a quorum. Each Director so elected will
hold office until the expiration of the term of office of the Director who he or she has replaced or until his or her successor is elected and qualified or until his or her earlier resignation, removal from office, or death. 

3.07 Place of Meeting. The Board may hold its meetings at any place or places within or without the State of Delaware as it
may from time to time determine. 
 3.08 Compensation. Directors may be allowed such compensation for attendance
at regular or special meetings of the Board and of any special or standing committees of the Board as may from time to time be determined by resolution of the Board. 
 3.09 Regular Meetings. Regular meetings of the Board will be held on such dates and at such times and places as the Board determines from time to time. Notice of regular meetings need not be
given, except as otherwise required by these Bylaws or by Delaware Law. 
 3.10 Special Meetings. Special meetings
of the Board, for any purpose or purposes, may be called by the Chairperson or the Secretary and will be called by the Chairperson or the Secretary upon the written request of a majority of the Directors stating the date, time, place and purpose or
purposes of the proposed special meeting. 
 3.11 Notice of Meetings. Notice of each special meeting of the Board
must be given before the meeting is scheduled to commence by the Chairperson or by the Secretary, and must state the place, date and time of the meeting. Notice of each meeting will be given to each Director and will be effective when (a) given
in a writing delivered by hand or courier, effective when actually received, (b) given orally, either by telephone or in person, effective when given, (c) mailed to the Director’s residence or usual place of business, effective when
deposited in the United States mail, first class postage prepaid, or (d) sent by facsimile transmission to the Director’s residence or usual place of business, effective when transmitted with transmission confirmed, or (e) sent by
e-mail to an electronic address at which the Director has consented to receive notice, effective when transmitted with transmission confirmed. Notice by first class mail may not be used if notice of less than five Business Days is being given.
Notice of any 

  
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meeting need not be given to any Director who submits, either before or after the time stated in the notice, a signed waiver of notice or who attends the meeting other than for the express
purpose of objecting at the beginning of the meeting to the transaction of any business because the meeting is not lawfully called or convened. Notice of an adjourned meeting, including the place, date and time of the reconvened meeting, will be
given to all Directors not present at the time of the adjournment and will also be given to the other Directors unless the place, date and time of the reconvened meeting are announced at the meeting when the adjournment is taken. 

3.12 Quorum. At all meetings of the Board, unless otherwise provided in the Certificate of Incorporation or these Bylaws,
the presence of a majority of the Directors will constitute a quorum for the transaction of business. In the absence of a quorum, a majority of the Directors present at any meeting may adjourn the meeting from time to time until a quorum is present.
Notice of any adjourned meeting will be given in accordance with Section 3.11. 
 3.13 Conduct of
Meetings. At each meeting of the Board, the Chairperson or, in his or her absence, the Chief Executive Officer (or, in the absence of the Chairperson and the Chief Executive Officer, a Director selected by a majority of the Directors
present) will act as chairperson of the meeting. The Secretary or, in his or her absence, an Assistant Secretary or any other person appointed by the chairperson of the meeting will act as secretary of the meeting and will keep the minutes of the
meeting. The order of business at all meetings of the Board will be as determined by the chairperson of the meeting. 
 3.14
Committees. 
 (a) Designation and Membership. The Board may designate one or more committees, each
consisting of one or more of the Directors. The Board may designate one or more Directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. If no alternate member is available
or has been designated by the Board, the members of the committee present at any meeting and not disqualified from voting, whether or not he, she or they constitute a quorum, may, subject to the Stockholders Agreement, unanimously appoint another
qualified Director to act at the meeting in place of the absent or disqualified member. 
 (b) Power and Authority.
For each committee, the Board will adopt a charter setting forth the powers and authority of the committee. To the extent permitted by Delaware Law, each committee will have and may exercise all the powers and authority of the Board in the
management of the business and affairs of the Company as set forth in the committee charter or other resolutions adopted by the Board, and may authorize the seal of the Company to be affixed to all papers that may require it. Unless the Board
otherwise provides, each committee may make, alter and repeal rules for the conduct of its business consistent with the committee charter. In the absence of those rules, a committee will conduct its business in the same manner as the Board conducts
its business pursuant to this Section 3. 
 3.15 Written Consents. Except as expressly otherwise
provided in the Certificate of Incorporation, any action required or permitted to be taken at any meeting of the Board or of any committee of the Board may be taken without a meeting if all members of the Board or of the committee, as the case may
be, consent to the action in writing or by electronic transmission (which may take the form of one or more counterparts), and the writings or electronic transmissions are filed with the minutes of the proceedings of the Board or committee.

  
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 3.16 Conference Call Meetings. Members of the Board or any committee of the
Board may participate in a meeting of the Board or committee by means of conference telephone or other communications equipment whereby all persons participating in the meeting can simultaneously hear each other during the meeting, and participation
in a meeting pursuant to this Section 3.16 will constitute presence in person at that meeting. 
 SECTION 4
OFFICERS. 
 4.01 Generally. The officers of the Company will be as elected
by the Board pursuant to Section 4.02 and as appointed by the Chief Executive Officer pursuant to Section 4.03. Any person may hold two or more offices simultaneously, and no officer need be a Stockholder. Unless otherwise
indicated in these Bylaws, reference to an “officer” includes both elected and appointed officers. 
 4.02
Elected Officers. The Board will, at a minimum, elect a Chief Executive Officer, a Chief Financial Officer and a Secretary (or officers with different titles who perform the function of a Chief Executive Officer, a Chief Financial
Officer and a Secretary). The Board may from time to time elect such other officers as it deems necessary or appropriate for the management and operation of the Company, including a President, a Treasurer, one or more Vice Presidents, one or more
Assistant Secretaries and one or more Assistant Treasurers. Elected officers will exercise the powers and perform the duties that are specified in these Bylaws or in a resolution of the Board or as directed by the Chief Executive Officer or his or
her designee. 
 4.03 Appointed Officers. Unless otherwise restricted by a resolution adopted by the Board, the
Chief Executive Officer may appoint in a writing delivered to the Secretary or one or more officers or assistant officers, each of whom will exercise the powers and perform the duties specified by the Chief Executive Officer. At each regular meeting
of the Board, the Secretary will report to the Board the names and titles of any officers appointed by the Chief Executive Officer since the previous regular meeting of the Board. 

4.04 Compensation. The salaries of elected officers of the Company will be fixed by the Board, except that the Board may
delegate to any elected officer the power to fix the compensation of one or more other elected officers. The salaries of appointed officers of the Company will, unless otherwise restricted by a resolution adopted by the Board, be fixed by the Chief
Executive Officer or his or her designee. 
 4.05 Term and Removal. Each officer will hold his or her office until
his or her successor has been elected or appointed or until his or her earlier death, resignation or removal. Any elected officer may be removed by the Board at any time, with or without cause. Any appointed officer may be removed by the Chief
Executive Officer or by the Board at any time, with or without cause. 
 4.06 Resignations. Any officer may resign
at any time by giving written notice of his or her resignation to the Secretary. A resignation will take effect at the time specified in the notice or, if the effective time is not specified in the notice, immediately upon its receipt. Unless
otherwise specified in the notice, the acceptance of a resignation is not necessary to make it effective. 

  
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 4.07 Vacancies. A vacancy in any elected office because of resignation,
removal or death may be filled by the Board or, if so provided by resolution of the Board, by an officer of the Company to whom the Board has delegated the authority to appoint a successor. A vacancy in any appointed office because of resignation,
removal or death may be filled by the Chief Executive Officer. 
 4.08 Duties. 

(a) Chief Executive Officer. The Chief Executive Officer will be the principal executive officer of the Company. Subject to
the control of the Board, the Chief Executive Officer will in general manage, supervise and control all of the business and affairs of the Company and will perform all duties incident to the office of the Chief Executive Officer of the Company and
any other duties that may be prescribed by the Board from time to time. The Chief Executive Officer will have authority to conduct all ordinary business on behalf of the Company and may execute and deliver on behalf of the Company any contract,
conveyance or similar document, excluding agreements that expressly require approval of the Board or the Stockholders pursuant to these Bylaws, the Stockholders Agreement or Delaware Law and excluding any authority reserved to the Board by
resolution of the Board. 
 (b) Chief Financial Officer. The Chief Financial Officer will be the chief financial
officer of the Company and, unless a separate person is so elected or appointed, the chief accounting officer of the Company. The Chief Financial Officer will assure that the books of account and other accounting records of the Company are
maintained in proper form and in general perform all the duties incident to the office of the chief financial officer of a corporation, as well as any other duties that may be assigned to the Chief Financial Officer by the Board or the Chief
Executive Officer. 
 (c) Secretary. The Secretary will have the duties of the officer denominated as the
“Secretary” under the Delaware Law. The Secretary will (1) attend and keep the minutes of the meetings of Stockholders, of the Board, and of committees of the Board in one or more books provided for that purpose, (2) assure that
all notices are duly given in accordance with these Bylaws or as otherwise required by Delaware Law or the Certificate of Incorporation, (3) be custodian of the corporate records and of the seal of the Company and see that the seal of the
Company is affixed only to documents that have been authorized for execution on behalf of the Company, (4) maintain, or cause an agent designated by the Board to maintain, a record of the Stockholders, (5) have general charge of the stock
transfer books of the Company or responsibility for supervision, on behalf of the Company, of any agent to which stock transfer responsibility has been delegated by the Board, (6) have responsibility for the custody, maintenance and
preservation of those corporate records that the Company is required by the Delaware Law or otherwise to create, maintain or preserve, and (7) any other duties that may from time to time be assigned by the Board or the Chief Executive Officer.

  
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 (d) Other Principal Officers. The Board may elect and the Chief Executive
Officer may appoint one or more other principal officers of the Company whose duties will be as prescribed by the Board or the Chief Executive Officer, as applicable, from time to time. 

(e) Assistant Officers. The Board may elect and the Chief Executive Officer may appoint one or more officers to serve as
assistants to principal officers of the Company whose duties will be as delegated by the Board or the Chief Executive Officer, as applicable, or by the principal officers they assist, including the authority to perform such functions of those
principal officers in the place of and with full authority of those principal officers as may be designated by the Board or the Chief Executive Officer, as applicable, or by those principal officers. 

SECTION 5 INDEMNIFICATION. 
 5.01 Right to Indemnification. Each person who was or is made a party or is threatened to be made a party to or is otherwise involved in any action, suit or proceeding, whether civil,
criminal, administrative or investigative (“Proceeding”), by reason of the fact that he or she is or was a Director or an officer of the Company or, while a Director or an officer of the Company is or was serving at the
request of the Company as a director, officer, employee or agent of any other corporation or of a partnership, joint venture, trust or other enterprise, including service with respect to any employee benefit plan (each, a “Covered
Person”), whether the basis of such Proceeding is alleged action in an official capacity as a director, officer, employee or agent or in any other capacity while serving as a director, officer, employee or agent, shall be indemnified
and held harmless by the Company to the fullest extent authorized by Delaware Law, as the same exists or may hereafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits the Company to provide broader
indemnification rights than such law permitted the Company to provide prior to such amendment), against all expense, liability and loss (including attorneys’ fees, judgments, fines, excise taxes or penalties under the Employee Retirement Income
Security Act of 1974, as amended, and amounts paid or to be paid in settlement) reasonably incurred or suffered by such Covered Person in connection therewith; provided, however, that except as provided in Section 5.03 with
respect to Proceedings seeking to enforce rights to indemnification, the Company shall indemnify a Covered Person seeking indemnification in connection with a Proceeding (or part thereof) initiated by such Covered Person only if such Proceeding (or
part thereof) was authorized by the Board. 
 5.02 Right to Advancement of Expenses. The right to indemnification
conferred in Section 5.01 shall include the right to be paid by the Company the expenses (including attorneys’ fees) incurred in defending any such Proceeding in advance of its final disposition (“Advancement of
Expenses”); provided, however, that, if Delaware Law so requires, an Advancement of Expenses incurred by a Covered Person in his or her capacity as a Director or officer of the Company (and not in any other capacity in
which service was or is rendered by such Covered Person, including service to an employee benefit plan) shall be made only upon delivery to the Company of an undertaking, by or on behalf of such Covered Person, to repay all amounts so advanced if it
shall ultimately be determined by final judicial decision from which there is no further right to appeal (“Final Adjudication”) that such Covered Person is not entitled to be indemnified for such expenses under this
Section 5.02 or otherwise (“Undertaking”). No Director or officer will be required to post any bond or provide any other security with respect to any such Undertaking. 

  
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 5.03 Right of Covered Person to Bring Suit. Any claim under
Section 5.01 or Section 5.02 must be made in writing. If any written claim for Advancement of Expenses is not paid in full by the Company within twenty (20) days after such claim has been received by the Company, or if
any other written claim under Section 5.01 or Section 5.02 is not paid in full by the Company within thirty (30) days after such claim has been received by the Company, the Covered Person may at any time thereafter bring
suit against the Company to recover the unpaid amount of such claim. To the fullest extent permitted by Delaware Law, if successful in whole or in part in any such suit, or in a suit brought by the Company to recover an Advancement of Expenses
pursuant to the terms of an Undertaking, the Covered Person shall be entitled to be paid also the expense of prosecuting or defending such suit. In (i) any suit brought by a Covered Person to enforce a right to indemnification hereunder (but
not in a suit brought by the Covered Person to enforce a right to an Advancement of Expenses) it shall be a defense that, and (ii) in any suit brought by the Company to recover an Advancement of Expenses pursuant to the terms of an Undertaking,
the Company shall be entitled to recover such expenses upon a Final Adjudication that the Covered Person has not met any applicable standard for indemnification under Delaware Law. Neither the failure of the Company (including its Directors who are
not parties to such action, a committee of such Directors, independent legal counsel or Stockholders) to have made a determination prior to the commencement of such action that indemnification of the Covered Person is proper in the circumstances
because the Covered Person has met the applicable standard of conduct under Delaware Law, nor an actual determination by the Company (including its Directors who are not parties to such action, a committee of such Directors, independent legal
counsel or Stockholders) that the Covered Person has not met such applicable standard of conduct, shall create a presumption that the Covered Person has not met the applicable standard of conduct or, in the case of such a suit brought by the Covered
Person, be a defense to such suit. In any suit brought by the Covered Person to enforce a right to indemnification or to an Advancement of Expenses hereunder, or brought by the Company to recover an Advancement of Expenses pursuant to the terms of
an Undertaking, the Company shall have the burden of proving that the Covered Person is not entitled to be indemnified, or to such Advancement of Expenses, under this Section 5 or otherwise. 

5.04 Non-Exclusivity of Rights. The right to indemnification and the Advancement of Expenses conferred in this
Section 5 shall not be exclusive of any other right which any person may have or subsequently acquire under any statute, provision of the Certificate of Incorporation, provision of these Bylaws, agreement, vote of Stockholders or
Directors or otherwise. 
 5.05 Insurance. The Company may maintain insurance, at its expense, to protect itself
and any Director, officer, employee or agent of the Company or another corporation, partnership, joint venture, trust or other enterprise against any expense, liability or loss, whether or not the Company would have the power to indemnify such
person against such expense, liability or loss under Delaware Law. 

  
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 5.06 Indemnification of Employees and Agents of the Company. The Company may,
to the extent authorized from time to time by the Board in its sole discretion, grant rights to indemnification and rights to the Advancement of Expenses to any employee or agent of the Company to the fullest extent of the provisions of this
Section 5 with respect to the indemnification and Advancement of Expenses of Directors and officers of the Company. 

5.07 Nature of Rights. The rights to indemnification and to the Advancement of Expenses conferred in
Section 5.01 and Section 5.02 are contract rights and such rights shall continue as to a Covered Person who has ceased to be a Director or officer of the Company and shall inure to the benefit of the Covered Person’s
heirs, executors and administrators. Any amendment, alteration or repeal of this Section 5 that adversely affects any right of a Covered Person or its successors shall be prospective only and shall not limit, eliminate, or impair any such right
with respect to any Proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment or repeal. 
 5.08 Primary Indemnification. The Company acknowledges that (a) certain persons employed by, otherwise affiliated with, or appointed by, Stockholders or their affiliates or funds
managed or advised by such Stockholders or their affiliates (a “Designating Party”) may serve on the Board, or, at the request of the Company, on the board of directors or other governing body of another entity, and
(b) such directors may be entitled to, or may be provided, indemnification by such Designating Party for certain expenses and liabilities for which such directors may also be entitled to seek indemnification from the Company pursuant to these
Bylaws, pursuant to Section 145 of the Delaware General Corporation Law, as amended, or pursuant to indemnification agreements or other agreements between the Company and such directors (the “Company Indemnified
Expenses”). The Company acknowledges and agrees that, as between the Company and its subsidiaries, on the one hand, and such Designating Party (other than the Company and its subsidiaries), on the other hand, the Company shall be
primarily liable to such directors with respect to any Company Indemnified Expenses and any liability of such Designating Party to such directors shall be secondary liability. In recognition of the primary liability of the Company, the Company
agrees that, in the event that such Designating Party pays any Company Indemnified Expenses to or on behalf of any such director, reimburses any such director for any Company Indemnified Expenses paid by such director or advances amounts to any such
director (including by way of any loan) for the payment of Company Indemnified Expenses, then (i) the Company shall pay to such Designating Party amounts so paid, reimbursed or advanced, to the extent that any such director would have been
entitled to indemnification of such Company Indemnified Expenses and (ii) such Designating Party shall be subrogated to all of the rights of such director with respect to any claim that such director could have brought against the Company or
any subsidiary with respect to any Company Indemnified Expenses that have been paid, reimbursed or advanced to or on behalf of such director. All such payments to a Designating Party shall be made within five (5) Business Days of the receipt by
the Company of written notice from such Designating Party of such payment, reimbursement or advance, accompanied by documentation showing, in reasonable detail, the Company Indemnified Expenses so paid, reimbursed or advanced by such Designating
Party. The Company shall also reimburse such Designating Party for all expenses, including legal expenses, incurred in enforcing this Section 5.08. 
 5.09 Limitation on Indemnification and Advancement of Expenses. For the avoidance of doubt, notwithstanding any provision contained in these Bylaws, including this Section 5, the
Company shall not have any liability or obligation to indemnify or hold harmless, or provide 

  
 12 

 
Advancement of Expenses to, any person who was or is made a party or is threatened to be made a party to or is otherwise involved in any Proceeding, by reason of the fact that he or she is or was
a director or an officer of any entity that is, as of the date these Bylaws were adopted, a predecessor-in-interest of the Company or, while a director or an officer of any such entity is or was serving at the request of any such entity as a
director, officer, employee or agent of any other corporation or of a partnership, joint venture, trust or other enterprise, including service with respect to any employee benefit plan. 
 SECTION 6 CAPITAL STOCK. 

6.01 Certificates. The shares of capital stock of the Company may be in certificated or uncertificated form at the
discretion of the Board. Any holder of shares of capital stock of the Company will be entitled to have a certificate certifying the number of shares owned by such holder and signed by or in the name of the Company by the Chairperson, the Vice
Chairperson, the President or a Vice President, if any, and by the Secretary or an Assistant Secretary or the Treasurer or an Assistant Treasurer. The signatures on the certificate may be a facsimile. If an officer, transfer agent or registrar who
has signed or whose facsimile signature has been placed upon a certificate is no longer serving in that capacity when the certificate is issued, it may be issued by the Company with the same effect as if that person were still serving in that
capacity at the time of issue. 
 6.02 Transfer. Transfers of stock may be made on the books of the Company only
by the person named in the certificate or, in the case of shares not represented by certificates, by the person named in the Company’s stock transfer records as the owner of those shares of stock or, in either case, by an attorney lawfully
constituted in writing. In addition, with respect to shares represented by certificates, transfers may be made only upon surrender of the share certificate, or in the case of a certificate alleged to have been lost, stolen or destroyed, upon
compliance with the provisions of Section 6.04. 
 6.03 Rights of Holders. The Company may treat the
holder of record of any share of the Company as the person entitled to vote that share (to the extent the share is entitled to vote), to receive any distribution with respect to that share, and for all other purposes. Accordingly, the Company is not
bound to recognize any equitable or other claim to or interest in any share on the part of any person other than the holder of record, whether or not it has notice of the interest, except as otherwise provided by Delaware Law. 

6.04 Lost Certificates. Any person claiming that a certificate of stock has been lost, stolen or destroyed must make an
affidavit or affirmation of that fact in such manner as the Board may require and must, if the Board so requires, give the Company a bond of indemnity in the form and amount and with one or more sureties satisfactory to the Board, whereupon an
appropriate new certificate may be issued in lieu of the one alleged to have been lost, stolen or destroyed. 
 SECTION 7
GENERAL PROVISIONS. 
 7.01 Fiscal Year. The fiscal year of
the Company will be a calendar year unless and until a different fiscal year is established by resolution adopted by the Board. 

  
 13 

 7.02 Dividends. To the extent permitted by Delaware Law, the Board will have
full power and discretion, subject to the Certificate of Incorporation and the Stockholders Agreement, to determine what, if any, dividends or distributions will be declared and paid or made. 

7.03 Corporate Seal. The corporate seal will be in the form specified in the minutes of the organizational meeting of the
Company or as the Board may subsequently from time to time determine. 
 7.04 Form of Records. Any records
maintained by the Company in the regular course of its business, including its stock ledger, books of account and minute books, may be kept on or by means of, or be in the form of, any information storage device or method, provided that the records
so kept can be converted into clearly legible paper form within a reasonable time. Upon the request of any person entitled to inspect records, the Company will so convert those records. 

7.05 Registered Office and Registered Agent. The address of the registered office of the Company is 1209 Orange Street,
County of New Castle, City of Wilmington, Delaware 19801 and the name of the registered agent is The Corporation Trust Company. The Company may have other offices at such places within or without the State of Delaware as the Board may from time to
time designate or the business of the Company may require or make desirable. 
 7.06 Amendments. Subject to the
Stockholders Agreement, these Bylaws may be adopted, amended or repealed by the Board or by the Stockholders. 
 7.07
Voting Shares in Other Corporations. Unless otherwise directed by the Board, shares in other corporations that are held by the Company will be represented and voted only by an elected officer or by a proxy or proxies appointed by an
elected officer. 

  
 14 

 EXHIBIT C 
 FORM OF JOINDER AGREEMENT 
 This Joinder Agreement (this
“Agreement”), dated as of             , 201    , is made by and among NEWPAGE HOLDINGS INC., a Delaware corporation (the
“Company”), and             (the “Joining Party” and, together with the Company, the “Parties”). Capitalized terms
that are used but are not otherwise defined herein shall have the meanings given to them in the Stockholders Agreement (as defined below). 
 WHEREAS, the Company and the Stockholders are parties to that certain Stockholders Agreement, dated as of December 21, 2012 (as may be amended or modified from time to time pursuant to the terms
thereof, the “Stockholders Agreement”); and 
 WHEREAS,
            , a Stockholder, desires to Transfer             shares of Common Stock to the Joining Party (such shares, the
“Transferred Shares”), and the Joining Party is delivering this Agreement to the Company pursuant to Section 5.1(c) of the Stockholders Agreement, as a condition precedent to the effectiveness of such Transfer.

 NOW, THEREFORE, in consideration of the premises and of the mutual agreements and covenants hereinafter set forth, and other
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows: 
  

	 	1.	Agreement to be Bound. The Joining Party hereby confirms that it has been furnished with and has carefully read a copy of the Stockholders Agreement prior to its
execution of this Agreement. By executing and delivering this Agreement, the Joining Party hereby becomes a party to the Stockholders Agreement as a Stockholder thereunder with the same force and effect as if it was [an original Stockholder
signatory thereto] / [originally named as a Stockholder on Schedule 1 thereto]. Without limiting the generality of the foregoing, the Joining Party hereby irrevocably (a) agrees to be bound by and to comply with all of the covenants,
terms and conditions contained in the Stockholders Agreement, (b) expressly assumes all obligations of a Consenting Holder under the Stockholders Agreement and (c) acknowledges that all of the Transferred Shares will be subject to all of
the covenants, terms and conditions (including, without limitation, Transfer restrictions) applicable to shares of Common Stock under the Stockholders Agreement. 

 

	 	2.	Representations and Warranties. The Joining Party hereby represents and warrants, to the Company and each of the Stockholders, that it (a) has the requisite
organizational and legal authority to enter into this Joinder Agreement and (b) is not a “Competitor” (as such term is defined in the Stockholders Agreement) of the Company. 

 

	 	3.	Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to its conflicts of law
doctrine. 

  
 C-1

	 	4.	Binding Effect. This Agreement shall be binding upon each of the Parties and their respective heirs, executors, administrators, personal representatives,
successors and assigns, as the case may be. 

  

	 	5.	Counterparts. This Agreement may be signed in counterparts, any of which may be delivered via facsimile, PDF, or other forms of electronic delivery, each of
which shall be deemed an original, and all of which are deemed to be one and the same agreement binding upon the Parties. 

 [Signature page follows] 

  
 C-2

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

					
	 JOINING PARTY:
 [            ]

		
	By:	 	 
		 	Name:
		 	Title:
	
	Address for Notices:
			
		 		 	 
		 		 	Address – Line 1
			
		 		 	 
		 		 	Address – Line 2
			
		 		 	 
		 		 	Address – Line 3
			
		 		 	 
		 		 	Attention
			
		 		 	 
		 		 	Facsimile
			
		 		 	 
		 		 	Telephone
			
		 		 	 
		 		 	Email

  

			
	 ACKNOWLEDGED AND AGREED:
 NEWPAGE HOLDINGS INC.

		
	By:	 	 
		 	Name:
		 	Title:

  
 C-3EX-10.1

 Exhibit 10.1 
 CREDIT AND GUARANTY AGREEMENT 
 dated as of December 21, 2012

 among 
 NEWPAGE CORPORATION, 
 NEWPAGE INVESTMENT COMPANY LLC, 

CERTAIN SUBSIDIARIES OF NEWPAGE CORPORATION, 
 as Guarantors, 
 VARIOUS LENDERS, 

GOLDMAN SACHS LENDING PARTNERS LLC, 
 J.P. MORGAN SECURITIES LLC 
 and 

BARCLAYS BANK PLC, 
 as Joint Lead Arrangers and Joint Bookrunners, 
 GOLDMAN SACHS LENDING
PARTNERS LLC, 
 as Syndication Agent, 
 BARCLAYS BANK PLC, 
 as Administrative Agent and Collateral Agent,

 and 
 J.P. MORGAN SECURITIES LLC, 
 as Documentation Agent 

 
  

$500,000,000 Senior Secured Exit Term Loan Credit Facility 

 
  

 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 SECTION 1. DEFINITIONS AND INTERPRETATION
	  	 	2	  
	 1.1. Definitions
	  	 	2	  
	 1.2. Accounting Terms
	  	 	43	  
	 1.3. Interpretation, Etc.
	  	 	43	  
		
	 SECTION 2. LOANS
	  	 	44	  
	 2.1. Term Loans
	  	 	44	  
	 2.2. Pro Rata Shares; Availability of Funds
	  	 	44	  
	 2.3. Use of Proceeds
	  	 	45	  
	 2.4. Evidence of Debt; Register; Lenders’ Books and Records; Notes
	  	 	45	  
	 2.5. Interest on Loans
	  	 	46	  
	 2.6. Conversion/Continuation
	  	 	48	  
	 2.7. Default Interest
	  	 	48	  
	 2.8. Fees
	  	 	49	  
	 2.9. Scheduled Payments
	  	 	49	  
	 2.10. Voluntary Prepayments
	  	 	50	  
	 2.11. Mandatory Prepayments
	  	 	52	  
	 2.12. Application of Prepayments
	  	 	54	  
	 2.13. General Provisions Regarding Payments
	  	 	54	  
	 2.14. Ratable Sharing
	  	 	55	  
	 2.15. Making or Maintaining Eurodollar Rate Loans
	  	 	56	  
	 2.16. Increased Costs; Capital Adequacy
	  	 	58	  
	 2.17. Taxes; Withholding, Etc.
	  	 	60	  
	 2.18. Obligation to Mitigate
	  	 	63	  
	 2.19. Defaulting Lenders
	  	 	63	  
	 2.20. Removal or Replacement of a Lender
	  	 	64	  
	 2.21. Incremental Facilities
	  	 	65	  
	 2.22. Extensions of Loans
	  	 	66	  
		
	 SECTION 3. CONDITIONS PRECEDENT
	  	 	69	  
	 3.1. Closing Date
	  	 	69	  
		
	 SECTION 4. REPRESENTATIONS AND WARRANTIES
	  	 	75	  
	 4.1. Organization; Requisite Power and Authority; Qualification
	  	 	75	  
	 4.2. Equity Interests and Ownership
	  	 	75	  
	 4.3. Due Authorization
	  	 	76	  
	 4.4. No Conflict
	  	 	76	  
	 4.5. Governmental Consents
	  	 	76	  
	 4.6. Binding Obligation
	  	 	76	  
	 4.7. Historical Financial Statements
	  	 	77	  
	 4.8. Projections
	  	 	77	  
	 4.9. No Material Adverse Effect
	  	 	77	  
	 4.10. Adverse Proceedings, Etc.
	  	 	77	  
	 4.11. Payment of Taxes
	  	 	78	  

  
 i 

					
	 4.12. Properties
	  	 	78	  
	 4.13. Environmental Matters
	  	 	79	  
	 4.14. No Defaults
	  	 	80	  
	 4.15. Material Contracts
	  	 	80	  
	 4.16. Governmental Regulation
	  	 	80	  
	 4.17. Federal Reserve Regulations
	  	 	80	  
	 4.18. Employee Matters
	  	 	80	  
	 4.19. Employee Benefit Plans
	  	 	81	  
	 4.20. Certain Fees
	  	 	81	  
	 4.21. Solvency
	  	 	81	  
	 4.22. [Reserved]
	  	 	81	  
	 4.23. Compliance with Statutes, Etc.
	  	 	81	  
	 4.24. Disclosure
	  	 	82	  
	 4.25. PATRIOT Act
	  	 	82	  
		
	 SECTION 5. AFFIRMATIVE COVENANTS
	  	 	82	  
	 5.1. Financial Statements and Other Reports
	  	 	82	  
	 5.2. Existence
	  	 	86	  
	 5.3. Payment of Taxes
	  	 	86	  
	 5.4. Maintenance of Properties
	  	 	87	  
	 5.5. Insurance
	  	 	87	  
	 5.6. Books and Records; Inspections
	  	 	87	  
	 5.7. Lenders Calls and Meetings
	  	 	88	  
	 5.8. Compliance with Laws
	  	 	88	  
	 5.9. Environmental
	  	 	88	  
	 5.10. Subsidiaries
	  	 	90	  
	 5.11. Additional Material Real Estate Assets
	  	 	90	  
	 5.12. Further Assurances
	  	 	91	  
	 5.13. Maintenance of Ratings
	  	 	91	  
	 5.14. Designation of Subsidiaries
	  	 	91	  
	 5.15. Post-Closing Obligations
	  	 	92	  
		
	 SECTION 6. NEGATIVE COVENANTS
	  	 	93	  
	 6.1. Indebtedness
	  	 	93	  
	 6.2. Liens
	  	 	95	  
	 6.3. No Further Negative Pledges
	  	 	97	  
	 6.4. Restricted Junior Payments
	  	 	98	  
	 6.5. Restrictions on Subsidiary Distributions
	  	 	100	  
	 6.6. Investments
	  	 	101	  
	 6.7. Fundamental Changes; Disposition of Assets; Acquisitions
	  	 	102	  
	 6.8. Disposal of Subsidiary Interests
	  	 	103	  
	 6.9. Sales and Lease-Backs
	  	 	103	  
	 6.10. Transactions with Shareholders and Affiliates
	  	 	104	  
	 6.11. Conduct of Business
	  	 	104	  
	 6.12. Permitted Activities of Holdings
	  	 	104	  
	 6.13. Amendments or Waivers of Organizational Documents
	  	 	104	  

  
 ii 

					
	 6.14. Amendments or Waivers of Terms with respect to Certain Indebtedness
	  	 	104	  
	 6.15. Fiscal Year
	  	 	105	  
		
	 SECTION 7. GUARANTY
	  	 	105	  
	 7.1. Guaranty of the Obligations
	  	 	105	  
	 7.2. Contribution by Guarantors
	  	 	105	  
	 7.3. Payment by Guarantors
	  	 	106	  
	 7.4. Liability of Guarantors Absolute
	  	 	106	  
	 7.5. Waivers by Guarantors
	  	 	108	  
	 7.6. Guarantors’ Rights of Subrogation, Contribution, Etc.
	  	 	109	  
	 7.7. Subordination of Other Obligations
	  	 	110	  
	 7.8. Continuing Guaranty
	  	 	110	  
	 7.9. Authority of Guarantors or Borrower
	  	 	110	  
	 7.10. Financial Condition of Borrower
	  	 	110	  
	 7.11. Bankruptcy, Etc.
	  	 	110	  
	 7.12. Discharge of Guaranty Upon Sale of Guarantor
	  	 	111	  
		
	 SECTION 8. EVENTS OF DEFAULT
	  	 	111	  
	 8.1. Events of Default
	  	 	111	  
		
	 SECTION 9. AGENTS
	  	 	114	  
	 9.1. Appointment of Agents
	  	 	114	  
	 9.2. Powers and Duties
	  	 	115	  
	 9.3. General Immunity
	  	 	115	  
	 9.4. Agents Entitled to Act as Lender
	  	 	117	  
	 9.5. Lenders’ Representations, Warranties and Acknowledgment
	  	 	117	  
	 9.6. Right to Indemnity
	  	 	118	  
	 9.7. Successor Administrative Agent and Collateral Agent
	  	 	118	  
	 9.8. Collateral Documents and Guaranty
	  	 	120	  
	 9.9. Withholding Taxes
	  	 	122	  
	 9.10. Administrative Agent May File Bankruptcy Disclosure and Proofs of Claim
	  	 	122	  
		
	 SECTION 10. MISCELLANEOUS
	  	 	123	  
	 10.1. Notices
	  	 	123	  
	 10.2. Expenses
	  	 	125	  
	 10.3. Indemnity
	  	 	126	  
	 10.4. Set-Off
	  	 	127	  
	 10.5. Amendments and Waivers
	  	 	127	  
	 10.6. Successors and Assigns; Participations
	  	 	130	  
	 10.7. Independence of Covenants
	  	 	139	  
	 10.8. Survival of Representations, Warranties and Agreements
	  	 	139	  
	 10.9. No Waiver; Remedies Cumulative
	  	 	139	  
	 10.10. Marshalling; Payments Set Aside
	  	 	139	  
	 10.11. Severability
	  	 	140	  
	 10.12. Obligations Several; Independent Nature of Lenders’ Rights
	  	 	140	  
	 10.13. Headings
	  	 	140	  

  
 iii

					
	 10.14. APPLICABLE LAW
	  	 	140	  
	 10.15. CONSENT TO JURISDICTION
	  	 	140	  
	 10.16. WAIVER OF JURY TRIAL
	  	 	141	  
	 10.17. Confidentiality
	  	 	141	  
	 10.18. Usury Savings Clause
	  	 	142	  
	 10.19. Effectiveness; Counterparts
	  	 	143	  
	 10.20. Entire Agreement
	  	 	143	  
	 10.21. PATRIOT Act
	  	 	143	  
	 10.22. Electronic Execution of Assignments
	  	 	143	  
	 10.23. No Fiduciary Duty
	  	 	143	  

  
 iv 

					
	APPENDICES:	  	A	  	Term Loan Commitments
		  	B	  	Notice Addresses
			
	SCHEDULES:	  	3.1(g)	  	Closing Date Mortgaged Properties
		  	4.1	  	Jurisdictions of Organization and Qualification
		  	4.2	  	Equity Interests and Ownership
		  	4.7	  	Historical Financial Statements
		  	4.11	  	Payment of Taxes
		  	4.12	  	Real Estate Assets
		  	4.13	  	Environmental Matters
		  	4.15	  	Material Contracts
		  	4.20	  	Certain Fees
		  	6.1	  	Certain Indebtedness
		  	6.2	  	Certain Liens
		  	6.3	  	Certain Negative Pledges
		  	6.5	  	Certain Restrictions on Subsidiary Distributions
		  	6.6	  	Certain Investments
		  	6.10	  	Certain Affiliate Transactions
			
	EXHIBITS:	  	A-1	  	Funding Notice
		  	A-2	  	Conversion/Continuation Notice
		  	B	  	Term Loan Note
		  	C	  	Compliance Certificate
		  	D	  	Assignment Agreement
		  	E	  	Certificate re Non-Bank Status
		  	F-1	  	Closing Date Certificate
		  	F-2	  	Solvency Certificate
		  	G	  	Counterpart Agreement
		  	H	  	Pledge and Security Agreement
		  	I	  	Mortgage
		  	J	  	Landlord Personal Property Collateral Access Agreement
		  	K	  	Intercompany Note
		  	L	  	Joinder Agreement
		  	M	  	Modified Dutch Auction Procedures
		  	N	  	Intercreditor Agreement
		  	O	  	Administrative Incumbency Certificate

  
 v 

 CREDIT AND GUARANTY AGREEMENT 

This CREDIT AND GUARANTY AGREEMENT, dated as of December 21, 2012 is entered into by and among NEWPAGE CORPORATION, a
Delaware corporation (“Borrower”), NEWPAGE INVESTMENT COMPANY LLC, a Delaware limited liability company (“Holdings”), CERTAIN SUBSIDIARIES OF BORROWER, as Guarantors, the Lenders party hereto from time
to time, GOLDMAN SACHS LENDING PARTNERS LLC (“Goldman Sachs”), as Syndication Agent (in such capacity, “Syndication Agent”), BARCLAYS BANK PLC (“Barclays”), as Administrative Agent
(together with its permitted successors in such capacity, “Administrative Agent”) and Collateral Agent (together with its permitted successor in such capacity, “Collateral Agent”), J.P. MORGAN SECURITIES LLC
(“JPMSI”), as Documentation Agent (in such capacity, “Documentation Agent”), and GOLDMAN SACHS, JPMSI and BARCLAYS, as Joint Lead Arrangers (in such capacity, “Arrangers”) and
Joint Bookrunners (in such capacity, “Bookrunners”). 
 RECITALS: 

WHEREAS, capitalized terms used in these Recitals shall have the respective meanings set forth for such terms in Section 1.1
hereof; 
 WHEREAS, on September 7, 2011, Borrower and certain of Borrower’s existing Domestic Subsidiaries
(collectively, the “Debtors”) commenced Chapter 11 Cases, which were administratively consolidated as Chapter 11 Case No. 11-12804 (KG) (each, a “Chapter 11 Case” and collectively, the “Chapter 11
Cases”), by filing separate voluntary petitions for reorganization under the Bankruptcy Code with the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”); 

WHEREAS, pursuant to an order entered on December 14, 2012, the Bankruptcy Court confirmed that certain Fourth Amended Joint
Chapter 11 Plan for the Debtors (together with all exhibits, schedules, annexes, supplements and other attachments thereto, the “Reorganization Plan”); 
 WHEREAS, pursuant to the Reorganization Plan, upon emergence from bankruptcy, Borrower desires to refinance all of the indebtedness outstanding under that certain Amended and Restated Superpriority
Debtor-In-Possession Credit and Guaranty Agreement, dated as of September 23, 2011, among Borrower, NewPage Holding Corporation, NewPage Group Inc. and certain subsidiaries of Borrower, certain lenders party thereto and JPMorgan Chase Bank,
N.A., as administrative agent (as amended, the “Existing Credit Agreement”); 
 WHEREAS, in order to
facilitate the refinancing of the Existing Credit Agreement, to pay distributions pursuant to the Reorganization Plan, and to finance ongoing working capital requirements and general corporate purposes of Holdings, Borrower and its Subsidiaries,
Lenders have agreed to extend term loans to Borrower, in an aggregate principal amount of $500.0 million; and 
 WHEREAS,
Guarantors have agreed to guarantee the obligations of Borrower hereunder and Borrower and each of the Guarantors has agreed to secure all of their respective Obligations by granting to Collateral Agent, for the benefit of Secured Parties,
(a) First Priority Liens on all Term Collateral and (b) Second Priority Liens on all Revolving Collateral. 

 NOW, THEREFORE, in consideration of the premises and the agreements, provisions and
covenants herein contained, the parties hereto agree as follows: 
 SECTION 1. DEFINITIONS AND INTERPRETATION 

1.1. Definitions. The following terms used herein, including in the preamble, recitals, exhibits and schedules hereto, shall
have the following meanings: 
 “Acquisition Consideration” means the purchase consideration for any Permitted
Acquisition and all other payments by Holdings or any of its Subsidiaries in exchange for, or as part of, or in connection with, any Permitted Acquisition, whether paid in Cash or by exchange of Equity Interests or of properties or otherwise and
whether payable at or prior to the consummation of such Permitted Acquisition or deferred for payment at any future time, whether or not any such future payment is subject to the occurrence of any contingency, and includes any and all payments
representing the purchase price and any assumptions of Indebtedness, “earn-outs” and other agreements to make any payment the amount of which is, or the terms of payment of which are, in any respect subject to or contingent upon the
revenues, income, cash flow or profits (or the like) of any person or business; provided that any such future earn-out payment that is subject to a contingency shall be considered Acquisition Consideration only to the extent of the reserve, if any,
required to be established in conformity with GAAP at the time of such Permitted Acquisition in respect thereof by Holdings or such Subsidiary. 
 “Adjusted Eurodollar Rate” means, for any Interest Rate Determination Date with respect to an Interest Period for a Eurodollar Rate Loan, the rate per annum obtained by dividing
(i) (a) the rate per annum equal to the rate determined by Administrative Agent to be the offered rate which appears on the page of the Reuters Screen which displays an average British Bankers Association Interest Settlement Rate
(such page currently being LIBOR01 page), or the successor thereto if the British Bankers Association is no longer making an Interest Settlement Rate available, for deposits (for delivery on the first day of such period) with a term equivalent to
such period in Dollars, determined as of approximately 11:00 a.m. (London, England time) on such Interest Rate Determination Date, or (b) in the event the rate referenced in the preceding clause (a) does not appear on such page or service
or if such page or service shall cease to be available, the rate per annum equal to the rate determined by Administrative Agent to be the offered rate on such other page or other service which displays an average British Bankers Association
Interest Settlement Rate for deposits (for delivery on the first day of such period) with a term equivalent to such period in Dollars, determined as of approximately 11:00 a.m. (London, England time) on such Interest Rate Determination Date, or
(c) in the event the rates referenced in the preceding clauses (a) and (b) are not available, the rate per annum equal to the offered quotation rate to first class banks in the London interbank market by JPMorgan Chase Bank,
N.A. for deposits (for delivery on the first day of the relevant period) in Dollars of amounts in same day funds comparable to the principal amount of the applicable Loan of Administrative Agent, in its capacity as a Lender, for which the Adjusted
Eurodollar Rate is then being determined with maturities comparable to such period as of approximately 11:00 a.m. 

  
 2 

 
(London, England time) on such Interest Rate Determination Date, by (ii) an amount equal to (a) one minus (b) the Applicable Reserve Requirement; provided,
however, that notwithstanding the foregoing, the Adjusted Eurodollar Rate shall at no time be less than 1.25% per annum. 
 “Administrative Agent” as defined in the preamble hereto. 

“Administrative Incumbency Certificate” as defined in Section 3.1(b), and as updated or supplemented from
time to time in writing by an Authorized Officer. 
 “Adverse Proceeding” means any action, suit, proceeding,
hearing (in each case, whether administrative, judicial or otherwise), governmental investigation or arbitration (whether or not purportedly on behalf of Holdings or any of its Subsidiaries) at law or in equity, or before or by any Governmental
Authority, domestic or foreign (including any Environmental Claims), whether pending or, to the knowledge of Holdings or any of its Subsidiaries, threatened against or affecting Holdings or any of its Subsidiaries or any property of Holdings or any
of its Subsidiaries. 
 “Affected Lender” as defined in Section 2.15(b). 

“Affected Loans” as defined in Section 2.15(b). 

“Affiliate” means, as applied to any Person, any other Person directly or indirectly controlling, controlled by, or
under common control with, that Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling”, “controlled by” and “under common control with”), as
applied to any Person, means the possession, directly or indirectly, of the power (i) to vote 10% or more of the Securities having ordinary voting power for the election of directors of such Person or (ii) to direct or cause the direction
of the management and policies of that Person, whether through the ownership of voting securities or by contract or otherwise. 

“Affiliate Assignment Agreement” means an Assignment and Assumption Agreement substantially in the form of Annex C to
Exhibit M, with such amendments or modifications as may be approved by Administrative Agent. 
 “Affiliated
Institutional Lender” means any affiliate of Holdings (other than Holdings and its Subsidiaries) that is a bona fide diversified debt fund either (i) with information barriers in place restricting the sharing of investment-related and
other information between it and Holdings and Holdings’ Subsidiaries or (ii) whose managers have fiduciary duties to the investors of such fund independent of their fiduciary duties to the investors in Holdings; provided that
Holdings does not, directly or indirectly, possess the power to direct or cause the direction of the investment policies of any such fund. 
 “Affiliated Lenders” means any Affiliate of Holdings other than (i) Holdings or any of its Subsidiaries and (ii) any natural person. 

“Agent” means each of (i) Administrative Agent, (ii) Syndication Agent, (iii) Collateral Agent,
(iv) Documentation Agent, (v) each Bookrunner, (vi) each Arranger and (vii) any other Person appointed under the Credit Documents to serve in an agent or similar capacity, including, without limitation, any Auction Manager.

  
 3 

 “Agent Affiliates” as defined in Section 10.1(b)(iii). 

“Aggregate Amounts Due” as defined in Section 2.14. 

“Aggregate Payments” as defined in Section 7.2. 

“Agreement” means this Credit and Guaranty Agreement, dated as of December 21, 2012, as it may be amended,
restated, supplemented or otherwise modified from time to time. 
 “Amortization Date” as defined in
Section 2.9. 
 “Applicable Margin” means (i) in the case of any Loan that is a Base Rate Loan, a
rate equal to 5.50% per annum or (ii) in the case of any Loan that is a Eurodollar Rate Loan, a rate equal to 6.50% per annum. 
 “Applicable Reserve Requirement” means, at any time, for any Eurodollar Rate Loan, the maximum rate, expressed as a decimal, at which reserves (including any basic marginal, special,
supplemental, emergency or other reserves) are required to be maintained with respect thereto against “Eurocurrency liabilities” (as such term is defined in Regulation D) under regulations issued from time to time by the Board of Governors
or other applicable banking regulator. Without limiting the effect of the foregoing, the Applicable Reserve Requirement shall reflect any other reserves required to be maintained by such member banks with respect to (i) any category of
liabilities which includes deposits by reference to which the applicable Adjusted Eurodollar Rate or any other interest rate of a Loan is to be determined, or (ii) any category of extensions of credit or other assets which include Eurodollar
Rate Loans. A Eurodollar Rate Loan shall be deemed to constitute Eurocurrency liabilities and as such shall be deemed subject to reserve requirements without benefits of credit for proration, exceptions or offsets that may be available from time to
time to the applicable Lender. The rate of interest on Eurodollar Rate Loans shall be adjusted automatically on and as of the effective date of any change in the Applicable Reserve Requirement. 

“Approved Electronic Communications” means any notice, demand, communication, information, document or other material
that any Credit Party provides to Administrative Agent pursuant to any Credit Document or the transactions contemplated therein which is distributed to Agents or Lenders by means of electronic communications pursuant to Section 10.1(b).

 “Arrangers” as defined in the preamble hereto. 

“Asset Sale” means a sale, lease or sub-lease (as lessor or sublessor), sale and leaseback, assignment, conveyance,
exclusive license (as licensor or sublicensor), transfer or other disposition to, or any exchange of property with, any Person (other than Holdings, Borrower or any Guarantor Subsidiary), in one transaction or a series of transactions, of all or any
part of Holdings’ or any of its Subsidiaries’ businesses, assets or properties of any kind, 

  
 4 

 
whether real, personal, or mixed and whether tangible or intangible, whether now owned or hereafter acquired, leased or licensed, including the Equity Interests of any of Holdings’
Subsidiaries, other than (i) inventory (or other assets) sold, leased or licensed out in the ordinary course of business (excluding any such sales, leases or licenses out by operations or divisions discontinued or to be discontinued),
(ii) sales, leases or licenses out of obsolete, worn out or surplus assets, (iii) the unwinding of any Hedge Agreement, (iv) the lapse of or abandonment in the ordinary course of business of any registrations or applications for
registration of any Intellectual Property that are immaterial to the business of the Credit Parties and their respective Subsidiaries, taken as a whole, (v) dispositions of accounts receivable in connection with the collection or compromise
thereof other than in connection with a financing transaction, (vi) sales, leases or licenses out of other assets for aggregate consideration of less than $15.0 million in the aggregate during any Fiscal Year, and (vii) the issuance or
sale of Equity Interests in, or Indebtedness or other securities of, an Unrestricted Subsidiary. 
 “Assignment
Agreement” means, as applicable, (a) an Assignment and Assumption Agreement substantially in the form of Exhibit D, with such amendments or modifications as may be approved by Administrative Agent or (b) an Affiliate Assignment
Agreement. 
 “Assignment Effective Date” as defined in Section 10.6(b). 

“Auction” as defined in Section 10.6(i)(i). 

“Auction Manager” means (a) either Administrative Agent or an Arranger, as determined by Borrower, or any of their
respective Affiliates or (b) any other financial institution or advisor designated by Borrower to act as an arranger in connection with any repurchases pursuant to Section 10.6(i) or Section 10.6(j). 

“Authorized Officer” means, as applied to any Person, any individual holding the position of chairman of the board (if
an officer), chief executive officer, president, vice president (or the equivalent thereof), chief financial officer, chief accounting officer or treasurer of such Person; provided that the secretary or assistant secretary of such Person
shall have delivered an incumbency certificate to Administrative Agent as to the authority of such Authorized Officer. 

“Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy,” as now and
hereafter in effect, or any successor statute. 
 “Bankruptcy Court” as defined in the recitals hereto.

 “Barclays” as defined in the preamble hereto. 

“Base Rate” means, for any day, a rate per annum equal to the greatest of (i) the Prime
Rate in effect on such day, (ii) the Federal Funds Effective Rate in effect on such day plus  1/2 of 1% and (iii) the sum of (a) the Adjusted Eurodollar Rate (after giving effect to any Adjusted Eurodollar Rate
“floor”) that would be payable on such day for a Eurodollar Rate Loan with a one-month interest period plus (b) the difference between the Applicable Margin for Eurodollar

  
 5 

 
Rate Loans and the Applicable Margin for Base Rate Loans. Any change in the Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective on the effective day
of such change in the Prime Rate or the Federal Funds Effective Rate, respectively. 
 “Base Rate Loan” means a
Loan bearing interest at a rate determined by reference to the Base Rate. 
 “Beneficiary” means each Agent,
Lender, Cash Management Provider and Lender Counterparty. 
 “Board of Governors” means the Board of Governors
of the United States Federal Reserve System, or any successor thereto. 
 “Bookrunners” as defined in the
preamble hereto. 
 “Borrower” as defined in the preamble hereto. 

“Business Day” means (i) any day excluding Saturday, Sunday and any day which is a legal holiday under the laws of
the State of New York or is a day on which banking institutions located in such state are authorized or required by law or other governmental action to close and (ii) with respect to all notices, determinations, fundings and payments in
connection with the Adjusted Eurodollar Rate or any Eurodollar Rate Loans, the term “Business Day” means any day which is a Business Day described in clause (i) and which is also a day for trading by and between banks in Dollar
deposits in the London interbank market. 
 “Capital Lease” means, as applied to any Person, any lease of any
property (whether real, personal or mixed) by that Person as lessee that, in conformity with GAAP, is or should be accounted for as a capital lease on the balance sheet of that Person. Anything in this Agreement to the contrary notwithstanding, any
obligations of a Person under a lease (whether existing now or entered into in the future) that is not or would not be required to be classified and accounted for as a capital lease on a balance sheet of such Person under GAAP as in effect on the
Closing Date shall not be required to be treated as a capital lease as a result of the adoption of future changes, if any, in GAAP. 
 “Cash” means money, currency or a credit balance in any demand or Deposit Account. 
 “Cash Equivalents” means, as at any date of determination, any of the following: (i) marketable securities (a) issued or directly and unconditionally guaranteed as to interest
and principal by the United States Government or (b) issued by any agency of the United States the obligations of which are backed by the full faith and credit of the United States, in each case maturing within one year after such date;
(ii) marketable direct obligations issued by any state of the United States of America or any political subdivision of any such state or any public instrumentality thereof, in each case maturing within one year after such date and having, at
the time of the acquisition thereof, a rating of at least A-2 from S&P or at least P-2 from Moody’s; (iii) commercial paper maturing no more than one year from the date of creation thereof and having, at the time of the acquisition
thereof, a rating of at least A-2 from S&P or at least P-2 

  
 6 

 
from Moody’s; (iv) certificates of deposit or bankers’ acceptances maturing within three months after such date and issued or accepted by any Lender or by any commercial bank
organized under the laws of the United States of America or any state thereof or the District of Columbia that (a) is at least “adequately capitalized” (as defined in the regulations of its primary federal banking regulator) and
(b) has Tier 1 capital (as defined in such regulations) of not less than $1,000,000,000; (v) shares of any money market mutual fund that (a) has substantially all of its assets invested continuously in the types of investments
referred to in clauses (i) and (ii) above, (b) has net assets of not less than $2,500,000,000, and (c) has the highest rating obtainable from either S&P or Moody’s; and (vi) repurchase obligations with a term of not
more than 90 days for underlying securities of the types described in clause (i) above entered into with any bank or trust company meeting the qualifications specified in clause (iv) above. 

“Cash Management Agreement” means any agreement entered into from time to time by Holdings or any of its Subsidiaries
with a Cash Management Provider in connection with the obtaining of any Cash Management Services that has been designated by Borrower and such Cash Management Provider as a Cash Management Agreement by notice to the Administrative Agent delivered on
or prior to the tenth Business Day following the later of (a) the Closing Date, (b) the date that such Cash Management Agreement is entered into, or (c) the date that the Person providing such Cash Management Agreement becomes a
Lender (or an Affiliate of a Lender). 
 “Cash Management Obligations” means obligations owed by Holdings or
any of its Subsidiaries to any Cash Management Provider pursuant to or evidenced by any Cash Management Agreement. 

“Cash Management Provider” means any Person that is a Lender or an Affiliate of a Lender at the time it provides any
Cash Management Services to Holdings or any of its Subsidiaries. 
 “Cash Management Services” means treasury,
depository, overdraft, netting, credit or debit card, including non-card e-payables services, purchase card, electronic funds transfer, automated clearing house fund transfer services and other cash management services provided to Holdings or any of
its Subsidiaries by a Cash Management Provider. 
 “Certificate re Non-Bank Status” means a certificate
substantially in the form of Exhibit E. 
 “CFC Subsidiary” means any Subsidiary which is a
“controlled foreign corporation” within the meaning of Section 957 of the Internal Revenue Code. 

“Change of Control” means (i) at any time prior to the consummation of a Qualified IPO, any Person or group (within
the meaning of Rules 13d-3 and 13d-5 under the Exchange Act) (a) shall have acquired beneficial ownership or control of 50% or more of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests in Parent or
(b) shall have obtained the power (whether or not exercised) to elect a majority of the members of the board of directors of Parent; (ii) at any time after the consummation of a Qualified IPO, (a) any Person or group (within the
meaning of Rules 13d-3 and 13d-5 under the 

  
 7 

 
Exchange Act) shall have acquired beneficial ownership or control of 35% or more of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests in Parent or
(b) during any period of two consecutive years, individuals who at the beginning of such period constituted the board of directors of Parent (together with any new directors whose election to such board of directors or whose nomination for
election was approved by a vote of a majority of the members of the board of directors of Parent, which members comprising such majority are then still in office and were either directors at the beginning of such period or whose election or
nomination for election was previously so approved) cease for any reason to constitute a majority of the board of directors of Parent; (iii) Holdings shall cease to beneficially own and control 100% on a fully diluted basis of the aggregate
ordinary voting power and the aggregate equity value represented by the issued and outstanding Equity Interests in Borrower; (iv) Parent shall cease to beneficially own and control 100% on a fully diluted basis of the aggregate ordinary voting
power and the aggregate equity value represented by the issued and outstanding Equity Interests in Holdings; or (v) any “change of control” or similar event under the Revolving Credit Agreement shall occur. 

“Chapter 11 Case” as defined in the recitals hereto. 

“Class” means (i) with respect to Lenders, each of the following classes of Lenders: (a) Lenders having Term
Loan Exposure and (b) Lenders having New Term Loan Exposure of each applicable Series, and (ii) with respect to Loans, each of the following classes of Loans: (a) Term Loans and (b) each Series of New Term Loans. 

“Closing Date” means the date on which the Term Loans are made, which occurred on December 21, 2012. 

“Closing Date Certificate” means a Closing Date Certificate substantially in the form of Exhibit F-1. 

“Closing Date Mortgaged Property” as defined in Section 3.1(g)(i). 

“Collateral” means, collectively, all of the real, personal and mixed property (including Equity Interests) in which
Liens are purported to be granted pursuant to the Collateral Documents as security for the Obligations. 
 “Collateral
Agent” as defined in the preamble hereto. 
 “Collateral Documents” means the Pledge and Security
Agreement, the Intercreditor Agreement and any other intercreditor agreement entered into by the Collateral Agent in accordance with this Agreement, the Mortgages, the Intellectual Property Security Agreements, the Landlord Personal Property
Collateral Access Agreements, if any, and all other instruments, documents and agreements delivered by or on behalf of any Credit Party pursuant to this Agreement or any of the other Credit Documents in order to grant to, or perfect in favor of,
Collateral Agent, for the benefit of Secured Parties, a Lien on any real, personal or mixed property of that Credit Party as security for the Obligations. 

  
 8 

 “Collateral Questionnaire” means a certificate in form reasonably
satisfactory to Collateral Agent that provides information with respect to the personal or mixed property of each Credit Party. 

“Commitment” means any Term Loan Commitment. 
 “Commitment Letter” as defined in Section 10.20. 

“Compliance Certificate” means a Compliance Certificate substantially in the form of Exhibit C. 

“Consolidated Adjusted EBITDA” means, for any period, the Consolidated Net Income of Holdings and its consolidated
Subsidiaries on a consolidated basis for such period plus, without duplication (including without duplication of any amounts previously adjusted for in determining Consolidated Net Income): 

(a) an amount equal to any extraordinary loss minus any net gain or plus any net loss realized by Holdings or any of its consolidated
Subsidiaries in connection with an asset sale, to the extent such gains or losses were deducted in computing such Consolidated Net Income; plus  
 (b) provision for Taxes based on income or profits of Holdings and its consolidated subsidiaries for such period, to the extent that such provision for Taxes was deducted in computing such Consolidated
Net Income; plus  
 (c) the consolidated interest expense of Holdings and its consolidated Subsidiaries for such
period, to the extent that such consolidated interest expense was deducted in computing such Consolidated Net Income; plus  
 (d) depreciation, amortization (including amortization of intangibles but excluding amortization of prepaid Cash expenses that were paid in a prior period) and other non-Cash expenses (excluding any such
non-Cash expense to the extent that it represents an accrual of or reserve for Cash expenses in any future period or amortization of a prepaid Cash expense that was paid in a prior period, provided that this exclusion shall not apply to
adjustments for curtailment, settlement or termination benefits in respect of pension or other employee or retiree benefits) of Holdings and its consolidated Subsidiaries for such period to the extent that such depreciation, amortization and other
non-Cash expenses were deducted in computing such Consolidated Net Income; plus  
 (e) (i) non-Cash nonrecurring
costs, charges or expenses (x) for executive severance or workforce reduction severance or (y) made or incurred in connection with any integration or restructuring, including in connection with plant closings, or the permanent shutdown or
transfer of machinery and equipment (including any production continuation, remediation, relocation, severance and benefits continuation costs, lease termination costs, contract termination costs, materials buy-out costs, and reduction charges) (all
such nonrecurring costs, charges, and expenses referred to in clause (x) or (y), regardless of whether Cash or non-Cash, are collectively referred to herein as the “Restructuring Charges”) to the extent deducted in computing
such Consolidated Net Income, and (ii) Cash Restructuring Charges or extraordinary, unusual or non-

  
 9 

 
recurring fees, charges and expenses (including for any executive severance or workforce reduction severance) to the extent deducted in computing such Consolidated Net Income and not to exceed in
any period of twelve consecutive months the greater of (x) $25,000,000 or (y) 15% of Consolidated Adjusted EBITDA (without giving effect to this clause (e)) in such period; plus  

(f) fees, costs, charges, commissions and expenses incurred during such period in connection with (i) the Chapter 11 Cases,
the insolvency proceedings under the Companies’ Creditors Arrangement Act (Canada), the Reorganization Plan and the transactions contemplated by the foregoing, including, without limitation, the Existing Credit Agreement not to exceed in any
period of twelve consecutive months $110,000,000, (ii) the Credit Documents or the Credit Documents (as defined in the Revolving Credit Agreement) or any amendment thereto, (iii) permitted Investments, Permitted Acquisitions and permitted
dispositions, whether or not consummated (with respect to unsuccessful Investments, acquisitions and dispositions, not to exceed in any period of twelve consecutive months $5,000,000), or (iv) customary and reasonable transaction costs incurred
in connection with an initial public offering or other registration of securities; plus  
 (g) all goodwill
impairment charges, to the extent such charges were deducted in computing such Consolidated Net Income; plus  
 (h) the
non-Cash effects of adjustments (including the effects of such adjustments relating to the Borrower or its Subsidiaries) in any line item in Holdings’ financial statements pursuant to GAAP resulting from the application of recapitalization
accounting or purchase accounting, as the case may be, in connection with the transactions contemplated hereby and by the Related Agreements, any acquisition or any joint venture investments or the amortization or write off of any amounts thereof,
net of Taxes; plus 
 (i) non-Cash impairment charges, asset write offs and write downs, including impairment charges,
asset write offs and write downs related to goodwill, intangible assets, long-lived assets, investments in debt and equity securities or as a result of a change in law or regulation, in each case pursuant to GAAP, and the amortization of intangibles
arising pursuant to GAAP; plus 
 (j) accruals and reserves that are established or adjusted, in each case within 12
months of any subject transaction, as a result of the transactions contemplated hereby and by the Related Agreements, or any acquisition, Investment, asset disposition, write down or write off (including the related Tax benefit) in accordance with
GAAP, including any adjustment of estimated payouts on earn-outs, or charges as a result of the adoption or modification of accounting policies, so long as such policies are in accordance with GAAP; plus 

(k) non-Cash compensation charges or other non-Cash expenses or charges arising from the grant of or issuance or repricing of stock, stock
options or other equity-based awards to directors, officers or employees of Holdings and its consolidated Subsidiaries, to the extent such charges and expenses were deducted in computing such Consolidated Net Income; minus  

(l) non-Cash items increasing such Consolidated Net Income for such period, other than the accrual of revenue in the ordinary course of
business, in each case, on a consolidated basis and determined in accordance with GAAP. 

  
 10 

 For purposes of calculating Consolidated Adjusted EBITDA for any period of twelve
consecutive months including months ended at least 30 days prior to the Closing Date, Consolidated Adjusted EBITDA shall be deemed to be the following amounts: 
  

					
	 Calendar Month
	  	Consolidated
Adjusted EBITDA	 
	 October 2011
	  	$	27,556,820	  
	 November 2011
	  	$	27,275,710	  
	 December 2011
	  	$	41,604,500	  
	 January 2012
	  	$	20,341,980	  
	 February 2012
	  	$	20,631,630	  
	 March 2012
	  	$	25,207,700	  
	 April 2012
	  	$	18,327,740	  
	 May 2012
	  	$	12,433,800	  
	 June 2012
	  	$	26,100,980	  
	 July 2012
	  	$	13,225,590	  
	 August 2012
	  	$	27,254,770	  
	 September 2012
	  	$	17,303,200	  
	 October 2012
	  	$	15,732,260	  

 The calculation of Consolidated Adjusted EBITDA as of any measurement date for purposes other than the determination of
Consolidated Excess Cash Flow will be made on a pro forma basis, giving effect to any permitted Investments, dispositions or discontinuations of lines of business, issuances or repayments of indebtedness, designations of Restricted Subsidiaries or
Unrestricted Subsidiaries, or similar permitted transactions during the twelve consecutive months immediately preceding such measurement date and any interim period up to and including such measurement date, and giving effect to factually
supportable and reasonably identifiable cost savings and other cost synergies expected by the company to be realized based upon actions to be taken within twelve months of the date of each such permitted transaction, which shall be set forth in an
officer’s certificate delivered by Borrower; provided that the amount of such cost savings and cost synergies shall not exceed 20% of pro forma Consolidated Adjusted EBITDA (without giving effect to such pro forma cost savings and cost
synergies adjustments) in such period. 
 “Consolidated Capital Expenditures” means, for any period, the
aggregate of all expenditures of Holdings and its Subsidiaries during such period determined on a consolidated basis that, in accordance with GAAP, are or should be included in “purchase of property and equipment” or similar items, or
which should otherwise be capitalized, reflected in the consolidated statement of cash flows of Holdings and its Subsidiaries; provided that 

  
 11 

 
Consolidated Capital Expenditures shall not include any expenditures (i) for replacements and substitutions for fixed assets, capital assets or equipment to the extent made with Net
Insurance/Condemnation Proceeds invested pursuant to Section 2.11(b) or with Net Asset Sale Proceeds invested pursuant to Section 2.11(a) or (ii) which constitute a Permitted Acquisition permitted under Section 6.7. 

“Consolidated Current Assets” means, as at any date of determination, the total assets of a Person and its Subsidiaries
on a consolidated basis that may properly be classified as current assets in conformity with GAAP, excluding Cash and Cash Equivalents. 
 “Consolidated Current Liabilities” means, as at any date of determination, the total liabilities of a Person and its Subsidiaries on a consolidated basis that may properly be classified
as current liabilities in conformity with GAAP, excluding the current portion of long term debt. 
 “Consolidated Excess
Cash Flow” means, for any period, an amount (if positive) equal to: 
 (i) the sum, without duplication, of the
amounts for such period of (a) Consolidated Net Income of Holdings and its consolidated Subsidiaries on a consolidated basis, plus (b) the Consolidated Working Capital Adjustment, plus (c) to the extent reducing
Consolidated Net Income, the sum, without duplication, of amounts for non-Cash charges reducing Consolidated Net Income, including for depreciation and amortization (including amortization associated with Planned Major Maintenance) (excluding any
such non-Cash charge to the extent that it represents an accrual or reserve for potential Cash charge in any future period or amortization of a prepaid Cash gain that was paid in a prior period), minus 

(ii) the sum, without duplication, of (a) the amounts for such period paid from Internally Generated Cash except to the extent
made using the Cumulative Amount of (1) scheduled repayments of Indebtedness for borrowed money and scheduled repayments of obligations under Capital Leases (excluding any interest expense portion thereof), and (2) Consolidated Capital
Expenditures and Planned Major Maintenance, plus (b) other non-Cash gains increasing Consolidated Net Income for such period (excluding any such non-Cash gain to the extent it represents the reversal of an accrual or reserve for
potential Cash gain in any prior period) plus (c) Cash payments by Holdings and its Subsidiaries during such period in respect of long-term liabilities and other prepaid expenses of Holdings and its Subsidiaries (other than Indebtedness)
to the extent such payments are not expensed during such period and are not deducted in calculating Consolidated Net Income, plus (d) the aggregate amount of Cash consideration paid by Holdings and its Subsidiaries in connection with
Investments (including Permitted Acquisitions) under Section 6.6 (other than Section 6.6(a)), to the extent paid from Internally Generated Cash except to the extent made using the Cumulative Amount, plus (e) the amount of
Restricted Junior Payments paid during such period pursuant to Sections 6.4(b), (c), (f), (g) and (h), to the extent paid from Internally Generated Cash except to the extent made using the Cumulative Amount, plus (f) without
duplication of amounts deducted from Consolidated Excess Cash Flow in prior periods, the aggregate consideration required to be paid in Cash by Holdings or any of its Subsidiaries pursuant to binding contracts (the “Contract
Consideration”) entered into prior to or during such period relating to Permitted Acquisitions or 

  
 12 

 
capital expenditures to be consummated or made during the period of four consecutive fiscal quarters of Borrower following the end of such period; provided that, to the extent the aggregate
amount of Internally Generated Cash actually utilized to finance such Permitted Acquisitions or capital expenditures during such period of four consecutive fiscal quarters is less than the Contract Consideration, the amount of such shortfall shall
be added to the calculation of Consolidated Excess Cash Flow at the end of such period of four consecutive fiscal quarters, plus (g) the amount of Cash Taxes (including penalties and interest) paid in such period to the extent they
exceed the amount of Tax expense deducted in determining Consolidated Net Income for such period, plus (h) Cash expenditures in respect of Hedge Agreements during such fiscal year to the extent not deducted in arriving at such
Consolidated Net Income, plus (i) the aggregate amount of Cash fees, costs and expenses incurred on or after January 1, 2013 in connection with, and any payments of, expenses in connection with the transactions contemplated hereby
and by the Related Agreements, to the extent not expensed and not deducted in calculating Consolidated Net Income, plus (j) Cash indemnity payments received pursuant to indemnification provisions in any acquisition agreement, any
Permitted Acquisition or any other Investment permitted under this Agreement, in each case that resulted in an increase to Consolidated Net Income (up to the amount of such increase). As used in this clause (ii), “scheduled repayments of
Indebtedness” does not include (x) mandatory prepayments or voluntary prepayments, (y) repurchases of Loans pursuant to Section 10.6(i) and (z) repayments of Loans made with the Cash proceeds of any Refinancing Indebtedness.

 “Consolidated Net Income” means, for any period, the net income (or loss) of Holdings and its Subsidiaries
on a consolidated basis for such period taken as a single accounting period determined in conformity with GAAP, provided that the following shall be excluded to the extent otherwise included in such calculation: (a) the income (or loss) of any
Person (other than a Subsidiary of Holdings) in which any other Person (other than Holdings or any of its Subsidiaries) has a joint interest or any Person that is an Unrestricted Subsidiary, except to the extent of the amount of dividends or other
distributions actually paid to Holdings or any of its Subsidiaries by such Person during such period, (b) the income (or loss) of any Person or any Unrestricted Subsidiary accrued prior to the date it becomes a Subsidiary of Holdings or is
redesignated a Restricted Subsidiary, as applicable, or is merged into or consolidated with Holdings or any of its Subsidiaries or that Person’s assets are acquired by Holdings or any of its Subsidiaries, (c) the income of any Subsidiary
of Holdings to the extent that the declaration or payment of dividends or similar distributions by that Subsidiary of that income is not at the time permitted by operation of the terms of its charter or any agreement, instrument, judgment, decree,
order, statute, rule or governmental regulation applicable to that Subsidiary, (d) any after-tax gains or losses attributable to Asset Sales or returned surplus assets of any Pension Plan, (e) the income (or loss) attributable to the early
extinguishment of Indebtedness, (f) (1) non-Cash compensation charges and expenses, including any such charges and expenses arising from grants of stock appreciation or similar rights, phantom equity, stock options, restricted stock or other
rights or equity incentive programs and (2) non-Cash deemed finance charges in respect of any pension liabilities or other provisions, (g) to the extent otherwise included in net income and to the extent covered by insurance and actually
reimbursed, or, so long as the Borrower has made a good faith determination that there exists reasonable evidence that such amount will in fact be reimbursed by the insurer and only to the extent that (1) such coverage is not denied by the
applicable carrier or indemnifying party in writing within 180 days and (2) such amount is in fact 

  
 13 

 
reimbursed within 365 days of the date of such determination (with a deduction in the applicable future period for any amount so added back to the extent not so reimbursed within 365 days),
losses, charges, expenses, accruals and reserves with respect to liability or casualty events or business interruption, (h) to the extent otherwise included in net income, losses, charges and expenses that are covered by indemnification or
other reimbursement provisions in connection with any acquisition, Investment or asset disposition, to the extent actually reimbursed, or, so long as the Borrower has made a determination that a reasonable basis exists for indemnification or
reimbursement and only to the extent that such amount is in fact indemnified or reimbursed within 365 days of such determination (with a deduction in the applicable future period for any amount so added back to the extent not so indemnified or
reimbursed within such 365 days), (i) non-Cash or unrealized gains or losses in respect of obligations under Hedge Agreements or any ineffectiveness recognized in earnings related to qualifying hedge transactions or the fair value of changes
therein recognized in earnings for derivatives that do not qualify as hedge transactions, in each case, in respect of obligations under Hedge Agreements, (j) deferred Tax expenses associated with Tax deductions or net operating losses arising
as a result of the transactions contemplated hereby and by the Related Agreements, or the release of any valuation allowance related to such item and (k) (to the extent not included in clauses (a) through (j) above) any net
extraordinary gains or net extraordinary losses. 
 “Consolidated Senior Net Debt” means, as of any date of
determination, (a) Consolidated Total Net Debt, minus (b) the aggregate stated balance sheet amount of all unsecured Indebtedness, Permitted Junior/Unsecured Incremental Indebtedness and secured Subordinated Indebtedness of Holdings
and its Subsidiaries (or, if higher, the par value or stated face amount of all such unsecured Indebtedness (other than zero coupon Indebtedness) determined on a consolidated basis in accordance with GAAP. 

“Consolidated Total Assets” means, with respect to Holdings or any of its Subsidiaries, as of any date of determination,
the total assets of such Person reflected on the consolidated balance sheet of Holdings and its Subsidiaries as of the end of the most recently ended Fiscal Quarter for which financial statements have been delivered to the Administrative Agent
pursuant to Section 5.1(a) or (b), as applicable, determined on a consolidated basis in accordance with GAAP. 

“Consolidated Total Net Debt” means, as of any date of determination, (a) the aggregate stated balance sheet amount
of all Indebtedness of Holdings and its Subsidiaries (or, if higher, the par value or stated face amount of all such Indebtedness (other than zero coupon Indebtedness)) determined on a consolidated basis in accordance with GAAP, minus
(b) the lesser of (i) the aggregate amount of Unrestricted Cash included in the consolidated balance sheet of Holdings and its Subsidiaries as of such date and (ii) $40.0 million. 

“Consolidated Working Capital” means, as at any date of determination, the excess of Consolidated Current Assets of
Holdings and its Subsidiaries over Consolidated Current Liabilities of Holdings and its Subsidiaries. 

  
 14 

 “Consolidated Working Capital Adjustment” means, for any period on a
consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period. In calculating the
Consolidated Working Capital Adjustment there shall be excluded the effect of reclassification during such period of current assets to long term assets and current liabilities to long term liabilities and the effect of any Permitted Acquisition, the
designation of any Unrestricted Subsidiary as a Restricted Subsidiary or any Restricted Subsidiary as an Unrestricted Subsidiary during such period; provided that (i) there shall be included with respect to any Permitted Acquisition
during such period an amount (which may be a negative number) by which the Consolidated Working Capital acquired in such Permitted Acquisition as at the time of such acquisition exceeds (or is less than) Consolidated Working Capital at the end of
such period and (ii) there shall be included with respect to any Unrestricted Subsidiary that is designated as a Restricted Subsidiary during such period an amount (which may be a negative number) by which the Consolidated Working Capital
gained in such designation as at the time of such designation exceeds (or is less than) Consolidated Working Capital at the end of such period. 
 “Contractual Obligation” means, as applied to any Person, any provision of any Security issued by that Person or of any indenture, mortgage, deed of trust, contract, undertaking,
agreement or other instrument to which that Person is a party or by which it or any of its properties is bound or to which it or any of its properties is subject. 
 “Contributing Guarantors” as defined in Section 7.2. 

“Conversion/Continuation Date” means the effective date of a continuation or conversion, as the case may be, as set
forth in the applicable Conversion/Continuation Notice. 
 “Conversion/Continuation Notice” means a
Conversion/Continuation Notice substantially in the form of Exhibit A-2. 
 “Counterpart Agreement” means
a Counterpart Agreement substantially in the form of Exhibit G delivered by a Credit Party pursuant to Section 5.10. 

“Credit Date” means the date of a Credit Extension. 

“Credit Document” means any of this Agreement, the Notes, if any, the Collateral Documents, and all other documents,
certificates, instruments or agreements executed and delivered by or on behalf of a Credit Party for the benefit of any Agent or any Lender in connection herewith on or after the date hereof. 

“Credit Extension” means the making of a Loan. 
 “Credit Party” means each Person (other than any Agent or any Lender or any other representative thereof) from time to time party to a Credit Document. 

“Cumulative Amount” means at any time (the “Cumulative Amount Reference Time”), an amount (which shall
not be less than zero) equal to: 
 (i) (x) the cumulative amount of Consolidated Excess Cash Flow of Holdings and its
Subsidiaries for all Fiscal Years completed after the Closing Date (commencing with the first Fiscal Year ending December 31, 2013) and prior to the Cumulative Amount Reference Time, minus (y) the portion of such Consolidated Excess
Cash Flow that has been (or is required to be) applied after the Closing Date and prior to the Cumulative Amount Reference Time to the prepayment of Loans in accordance with Section 2.11(d); plus 

  
 15 

 (ii) the amount of any Cash capital contributions or Net Equity Proceeds from the sale or
issuance of any common Equity Interests received or made by Holdings (or any direct or indirect parent thereof) and contributed to Borrower and Not Otherwise Applied during the period from and including the Business Day immediately following the
Closing Date through and including the Cumulative Amount Reference Time; plus  
 (iii) in the event that the Cumulative
Amount has been reduced as a result of an Investment made pursuant to Section 6.6(l) in connection with the designation of a Restricted Subsidiary as an Unrestricted Subsidiary (any such Investment for purposes of this clause (iii) being
an “Original Investment” and the amount of any such reduction for purposes of this clause (iii) being the “Reduction Amount” in respect of such Investment), the acquisition of Equity Interests of an
Unrestricted Subsidiary or the acquisition of any minority Investments, to the extent such amount is not already included in Consolidated Excess Cash Flow for purposes of clause (i) of this definition, the lesser of an amount equal to, in each
case during the period from and including the Business Day immediately following the Closing Date through and including the Cumulative Amount Reference Time, (A) the aggregate amount received by Holdings or any Restricted Subsidiary of Holdings
in Cash and Cash Equivalents from: (1) the sale (other than to Holdings or any such Restricted Subsidiary) of any such Equity Interests of any such Unrestricted Subsidiary or any such minority Investments, (2) any dividend or other
distribution by any such Unrestricted Subsidiary or received in respect of any such minority Investments, or (3) interest, returns of principal, repayments and similar payments by any such Unrestricted Subsidiary or received in respect of any
such minority Investments, and (B) the Reduction Amount in respect of such Original Investment; plus 
 (iv) in the
event that the Cumulative Amount has been reduced as a result of an Investment made pursuant to Section 6.6(l) in connection with the designation of a Restricted Subsidiary as an Unrestricted Subsidiary (any such designation for purposes of
this clause (iv) being the “Original Designation” and the amount of any such reduction for purposes of this clause (iv) being the “Reduction Amount” in respect of such designation), in the event any such
Unrestricted Subsidiary has been re-designated as a Restricted Subsidiary or has been merged, consolidated or amalgamated with or into, or transfers or conveys its assets to, or is liquidated into, Holdings or a Restricted Subsidiary, to the extent
such amount is not already included in Consolidated Excess Cash Flow for purposes of clause (i) of this definition, an amount equal to the lesser of (A) the fair market value of the Investments of Holdings and the Restricted Subsidiaries
in such Unrestricted Subsidiary at the time of such redesignation, combination or transfer (or of the assets transferred or conveyed, as applicable) and (B) the Reduction Amount in respect of such Original Designation, in each case during the
period from and including the Business Day immediately following the Closing Date through and including the Cumulative Amount Reference Time; minus 
 (v) without duplication of any amounts deducted in determining amounts that are Not Otherwise Applied pursuant to clause (ii) above, the aggregate amount of any Investments made pursuant to
Section 6.6(l), any Restricted Junior Payment made pursuant to Sections 6.4(i) 

  
 16 

 
and (j) and any Permitted Acquisition made pursuant to Section 6.7(e), in each case, during the period commencing on the Closing Date and ending on or prior to the Cumulative Amount
Reference Time (and, for purposes of this clause (v), without taking account of the intended usage of the Cumulative Amount at such Cumulative Amount Reference Time) 
 ; provided that the Cumulative Amount shall not be utilized for any new Investments, Restricted Junior Payment or Permitted Acquisition unless, at the applicable Cumulative Amount Reference Time
(i) no Default or Event of Default shall have occurred and be continuing or would result from the intended usage of the Cumulative Amount, (ii) the Net Leverage Ratio (calculated on a pro forma basis after giving effect to the intended
usage of the Cumulative Amount at such Cumulative Amount Reference Time but excluding the proceeds of any equity issuances that have increased the Cumulative Amount) shall not exceed 2.00:1.00 as of the last day of the Fiscal Quarter most recently
ended, and (iii) Borrower shall have delivered to Administrative Agent a Compliance Certificate, demonstrating in reasonable detail the calculation of the Cumulative Amount immediately prior to the intended usage of the Cumulative Amount and
the amount thereof elected to be so applied and evidencing compliance with the Net Leverage Ratio as required under clause (ii) above. 
 “Currency Agreement” means any foreign exchange contract, currency swap agreement, futures contract, option contract, synthetic cap or other similar agreement or arrangement, each of
which is for the purpose of hedging the foreign currency risk associated with Holdings’ and its Subsidiaries’ operations and not for speculative purposes. 
 “Debtor Relief Laws” means the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership,
insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect. 
 “Debtors” as defined in the recitals hereto. 

“Default” means a condition or event that, after notice or lapse of time or both, would constitute an Event of Default.

 “Defaulting Lender” means subject to Section 2.19(b), any Lender that (a) has failed to
(i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies Administrative Agent and Borrower in writing that such failure is the result of such
Lender’s determination that one or more conditions precedent to funding (which conditions precedent, together with the applicable default, if any, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to
Administrative Agent or any other Lender any other amount required to be paid by it hereunder within two Business Days of the date when due, (b) has notified Borrower or Administrative Agent in writing that it does not intend to comply with its
funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lenders’ obligation to fund a Loan hereunder and states that such position is based on such Lender’s
determination that a condition precedent to funding (which condition precedent, together with the applicable default, if any, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within
three Business Days after 

  
 17 

 
written request by Administrative Agent or Borrower, to confirm in writing to Administrative Agent and Borrower that it will comply with its prospective funding obligations hereunder
(provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by Administrative Agent and Borrower), or (d) Administrative Agent has received notification that
such Lender has, or has a direct or indirect parent company that is (i) insolvent, or is generally unable to pay its debts as they become due, or admits in writing its inability to pay its debts as they become due, or makes a general assignment
for the benefit of its creditors or (ii) the subject of a bankruptcy, insolvency, reorganization, liquidation or similar proceeding, or a receiver, trustee, conservator, intervenor or sequestrator or the like has been appointed for such Lender
or its direct or indirect parent company, or such Lender or its direct or indirect parent company has taken any action in furtherance of or indicating its consent to or acquiescence in any such proceeding or appointment; provided that a
Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Equity Interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not
result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority or
instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. 

“Deposit Account” means a demand, time, savings, passbook or like account with a bank, savings and loan association,
credit union or like organization, other than an account evidenced by a negotiable certificate of deposit. 

“Disqualified Equity Interests” means any Equity Interest which, 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 (i) matures or is mandatorily redeemable (other than solely for Equity Interests which are not otherwise
Disqualified Equity Interests and Cash in lieu of fractional shares of such Equity Interests), pursuant to a sinking fund obligation or otherwise, (ii) is redeemable at the option of the holder thereof (other than solely for Equity Interests
which are not otherwise Disqualified Equity Interests and Cash in lieu of fractional shares of such Equity Interests), in whole or in part, (iii) provides for the scheduled payments or dividends in Cash, or (iv) 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 91 days after the Latest Maturity Date, except, in the case of clauses (i) and
(ii), if as a result of a change of control or asset sale, so long as any rights of the holders thereof upon the occurrence of such a change of control or asset sale event are subject to the prior payment in full of all Obligations). 

“Disqualified Lender” means any Person (i) identified by Borrower to the Lenders in writing on or prior to the
Closing Date (the “Initial Disqualified Lenders”) or (ii) identified by Borrower to the Lenders in writing following such date to the extent such Person is identified by name and in the case of clause (ii), is (a) an
affiliate of an Initial Disqualified Lender or (b) directly engaged in substantially similar business operations as Borrower or any of its Subsidiaries; provided that neither Administrative Agent nor any Arranger shall have any
responsibility for monitoring compliance with any provisions of this Agreement with respect to Disqualified Lenders. 

  
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 “Disregarded Entity” means an entity that is treated as disregarded from
its sole owner under U.S. Treasury Regulations Sections 301.7701-2 and -3. 
 “Documentation Agent” as defined
in the preamble hereto. 
 “Dollars” and the sign “$” mean the lawful money of the United
States of America. 
 “Domestic Subsidiary” means any Subsidiary organized under the laws of the United States
of America, any State thereof or the District of Columbia, except for any Subsidiary that is directly or indirectly owned by a CFC Subsidiary. 
 “Earn Out Indebtedness” as defined in Section 6.1(c). 

“Eligible Assignee” means any Person other than a natural Person that is (i) a Lender, an affiliate of any Lender
or a Related Fund (any two or more Related Funds being treated as a single Eligible Assignee for all purposes hereof), or (ii) a commercial bank, insurance company, investment or mutual fund or other entity that is an “accredited
investor” (as defined in Regulation D under the Securities Act) and which extends credit or buys loans in the ordinary course of business; provided, no Defaulting Lender, Disqualified Lender, Credit Party or Affiliate of a Credit
Party shall be an Eligible Assignee (except assignments to (x) Borrower pursuant to Section 10.6(i) and (y) any Affiliated Lender pursuant to Section 10.6(j)). 

“Employee Benefit Plan” means any “employee benefit plan” as defined in Section 3(3) of ERISA which is
sponsored, maintained or contributed to by, or required to be contributed by, Holdings or any of its ERISA Affiliates, or with respect to which Holdings or any of its ERISA Affiliates has any obligation or liability. 

“Environmental Claim” means any investigation, notice, notice of violation, claim, action, suit, proceeding, demand,
abatement order or other order or directive (conditional or otherwise), by any Governmental Authority or any other Person, arising (i) pursuant to or in connection with any actual or alleged violation of any Environmental Law; (ii) in
connection with any Hazardous Material or any actual or alleged Hazardous Materials Activity; or (iii) in connection with any actual or alleged damage, injury, threat or harm to health, safety, natural resources or the environment. 

“Environmental Laws” means any and all foreign or domestic, federal or state (or any subdivision of either of them),
statutes, ordinances, orders, rules, regulations, binding judgments, Governmental Authorizations, or any other requirements of Governmental Authorities relating to (i) environmental matters, including those relating to any Hazardous Materials
Activity; (ii) the generation, use, storage, transportation or disposal of Hazardous Materials; or (iii) occupational safety and health, industrial hygiene, land use or the protection of human, plant or animal health or welfare, in any
manner applicable to Holdings or any of its Subsidiaries or any Facility. 

  
 19 

 “Equity Interests” means any and all shares, interests, participations or
other equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation), including partnership interests and membership interests, and any and all warrants, rights
or options to purchase or other arrangements or rights to acquire any of the foregoing. 
 “ERISA” means the
Employee Retirement Income Security Act of 1974, as amended from time to time, and any successor thereto. 
 “ERISA
Affiliate” means, as applied to any Person, (i) any corporation which is a member of a controlled group of corporations within the meaning of Section 414(b) of the Internal Revenue Code of which that Person is a member;
(ii) any trade or business (whether or not incorporated) which is a member of a group of trades or businesses under common control within the meaning of Section 414(c) of the Internal Revenue Code of which that Person is a member; and
(iii) solely for purposes of Section 302 of ERISA or Section 412 of the Internal Revenue Code, any member of an affiliated service group within the meaning of Section 414(m) or (o) of the Internal Revenue Code of which that
Person, any corporation described in clause (i) above or any trade or business described in clause (ii) above is a member. Any former ERISA Affiliate of Holdings or any of its Subsidiaries shall continue to be considered an ERISA Affiliate
of Holdings or any such Subsidiary within the meaning of this definition with respect to the period such entity was an ERISA Affiliate of Holdings or such Subsidiary and with respect to liabilities arising after such period for which Holdings or
such Subsidiary could be liable under the Internal Revenue Code or ERISA. 
 “ERISA Event” means (i) a
“reportable event” within the meaning of Section 4043 of ERISA and the regulations issued thereunder with respect to any Pension Plan (excluding those for which the provision for 30-day notice to the PBGC has been waived by
regulation); (ii) the failure to meet the minimum funding standard of Section 412 or 430 of the Internal Revenue Code or Section 302 or 303 of ERISA with respect to any Pension Plan (whether or not waived) or the failure to make by
its due date a required installment under Section 430(j) of the Internal Revenue Code with respect to any Pension Plan or the failure to make any required contribution to a Multiemployer Plan when due; (iii) the provision by the
administrator of any Pension Plan pursuant to Section 4041(a)(2) of ERISA of a notice of intent to terminate such plan in a distress termination described in Section 4041(c) of ERISA; (iv) the withdrawal by Holdings or any of its
ERISA Affiliates from any Pension Plan with two or more contributing sponsors or the termination of any such Pension Plan, in either case, resulting in liability to Holdings or any of its Affiliates pursuant to Section 4063 or 4064 of ERISA;
(v) the institution by the PBGC of proceedings to terminate any Pension Plan, or the occurrence of any event or condition which could reasonably be expected to constitute grounds under ERISA for the termination of, or the appointment of a
trustee to administer, any Pension Plan; (vi) the imposition of liability on Holdings or any of its ERISA Affiliates pursuant to Section 4062(e) or 4069 of ERISA or by reason of the application of Section 4212(c) of ERISA;
(vii) the withdrawal of Holdings or any of its ERISA Affiliates in a complete or partial withdrawal (within the meaning of Sections 4203 and 4205 of ERISA) from any Multiemployer Plan if there is any potential liability therefore, or the
receipt by Holdings or any of its ERISA Affiliates of notice from any Multiemployer Plan that it is in reorganization or insolvency pursuant to Section 

  
 20 

 
4241 or 4245 of ERISA, respectively, or that it intends to terminate or has terminated under Section 4041A or 4042 of ERISA; (viii) the occurrence of an act or omission which could give
rise to the imposition on Holdings or any of its ERISA Affiliates of fines, penalties, Taxes or related charges under Chapter 43 of the Internal Revenue Code or under Section 409, Section 502(c), (i) or (l), or Section 4071 of
ERISA in respect of any Employee Benefit Plan; (ix) the assertion of a material claim (other than routine claims for benefits) against any Employee Benefit Plan other than a Multiemployer Plan or the assets thereof, or against Holdings or any
of its ERISA Affiliates in connection with any Employee Benefit Plan; (x) receipt from the Internal Revenue Service of notice of the failure of any Pension Plan (or any other Employee Benefit Plan intended to be qualified under
Section 401(a) of the Internal Revenue Code) to qualify under Section 401(a) of the Internal Revenue Code, or the failure of any trust forming part of any Pension Plan to qualify for exemption from taxation under Section 501(a) of the
Internal Revenue Code; (xi) the imposition of a Lien pursuant to Section 430(k) of the Internal Revenue Code or Section 303(k) of ERISA or pursuant to a violation of Section 436 of the Internal Revenue Code; (xii) a
determination that any Pension Plan is, or is expected to be, in “at risk” status (as defined in Section 430 of the Internal Revenue Code or Section 303 of ERISA); or (xiii) a determination that any Multiemployer Plan is, or
is expected to be, in “critical” or “endangered” status under Section 432 of the Internal Revenue Code or Section 305 of ERISA. 
 “Eurodollar Rate Loan” means a Loan bearing interest at a rate determined by reference to the Adjusted Eurodollar Rate. 

“Event of Default” means each of the conditions or events set forth in Section 8.1. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any successor statute.

 “Excluded Swap Obligation” means, with respect to any Credit Party, any obligation (a “Swap
Obligation”) to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act, if, and to the extent that, all or a portion of the Guaranty
of such Credit Party of, or the grant by such Credit Party of a security interest to secure, such Swap Obligation (or any Guaranty thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity
Futures Trading Commission (or the application or official interpretation of any thereof). 
 “Excluded Taxes”
means with respect to any Lender (a) Taxes measured by net income or profits (including branch profits Taxes) and franchise Taxes imposed in lieu of net income Taxes, in each case imposed on any Lender as a result of a present or former
connection between such Lender and the jurisdiction of the Governmental Authority imposing such Tax or any political subdivision or taxing authority thereof or therein (other than such connection arising solely from any such Lender having executed,
delivered or performed its obligations or received a payment under, or enforced, any Credit Document); (b) in the case of a Lender, U.S. federal withholding taxes imposed on amounts payable to or for the account of such Lender with respect to
an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant 

  
 21 

 
to an assignment request by the Borrower under Section 2.20 or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to Section 2.17,
amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending office, (c) Taxes that are attributable to
the failure by any Lender to deliver the documentation required to be delivered pursuant to Section 2.17(c), and (d) any United States federal withholding taxes imposed under FATCA. 

“Existing Credit Agreement” as defined in the recitals hereto. 

“Existing Indebtedness” means Indebtedness and other obligations outstanding under the Existing Credit Agreement.

 “Existing Loans” as defined in Section 2.22(c). 

“Extended Maturity Date” as defined in Section 2.22(a). 

“Extended Loans” as defined in Section 2.22(c). 

“Extension” as defined in Section 2.22(a). 
 “Extension Amendment” as defined in Section 2.22(f). 

“Extension Offer” as defined in Section 2.22(a). 

“Facility” means any real property (including all buildings, fixtures or other improvements located thereon) now,
hereafter or heretofore owned, leased, operated or used by Holdings or any of its Subsidiaries or any of their respective predecessors or Affiliates. 
 “Fair Share” as defined in Section 7.2. 
 “Fair
Share Contribution Amount” as defined in Section 7.2. 
 “FATCA” means Sections 1471 through 1474
of the Internal Revenue Code, as of the date hereof (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any
agreements entered into pursuant to Section 1471(b)(1) of the Internal Revenue Code. 
 “Federal Funds Effective
Rate” means for any day, the rate per annum equal to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers on such day, as published by
the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided, (i) if such day is not a Business Day, the Federal Funds Effective Rate for such day shall be such rate on such transactions on the next
preceding Business Day as so published on the next succeeding Business Day, and (ii) if no such rate is so published on such next succeeding Business Day, the Federal Funds Effective Rate for such day shall be the average rate charged to
Administrative Agent on such day on such transactions as determined by Administrative Agent. 

  
 22 

 “Financial Officer Certification” means, with respect to the financial
statements for which such certification is required, the certification of the chief financial officer or chief accounting officer of Holdings that such financial statements fairly present, in all material respects, the financial condition of
Holdings and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments. 

“Financial Plan” as defined in Section 5.1(h). 

“First Priority” means, with respect to any Lien purported to be created in any Collateral pursuant to any Collateral
Document, that such Lien is the only Lien to which such Collateral is subject, other than any Permitted Lien. 
 “Fiscal
Quarter” means a fiscal quarter of any Fiscal Year. 
 “Fiscal Year” means the fiscal year of Holdings
and its Subsidiaries ending on December 31 of each calendar year. 
 “Flood Hazard Property” means any
Real Estate Asset subject to a Mortgage in favor of Collateral Agent, for the benefit of Secured Parties, and having improvements thereon in an area designated by the Federal Emergency Management Agency as having special flood or mud slide hazards.

 “Flood Certificate” means a “Standard Flood Hazard Determination Form” of the Federal Emergency
Management Agency and any successor Governmental Authority performing a similar function. 
 “Flood Program”
means the National Flood Insurance Program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973, the National Flood Insurance Reform Act of 1994 and the Flood Insurance Reform
Act of 2004, in each case as amended from time to time, and any successor statutes. 
 “Flood Zone” means areas
having special flood hazards as described in the National Flood Insurance Act of 1968, as amended from time to time, and any successor statute. 
 “Foreign Pass-Through Subsidiary” means any Foreign Subsidiary which is not treated as an corporation under U.S. Treasury Regulations Section 301.7701-2 and -3. 

“Foreign Subsidiary” means any Subsidiary that is not organized under the laws of the United States of America, any
State thereof or the District of Columbia. 
 “Funding Guarantors” as defined in Section 7.2. 

“Funding Notice” means a notice substantially in the form of Exhibit A-1. 

  
 23 

 “GAAP” means, subject to the provisions of Section 1.2, United States
generally accepted accounting principles in effect as of the date of determination thereof. 
 “Goldman Sachs”
as defined in the preamble hereto. 
 “Governmental Authority” means any federal, state, municipal, national or
other government, governmental department, commission, board, bureau, court, agency or instrumentality or political subdivision thereof or any entity, officer or examiner exercising executive, legislative, judicial, regulatory or administrative
functions of or pertaining to any government or any court, in each case whether associated with a state of the United States, the United States, or a foreign entity or government. 

“Governmental Authorization” means any permit, license, authorization, plan, directive, consent order or consent decree
of or from any Governmental Authority. 
 “Grantor” as defined in the Pledge and Security Agreement.

 “Guaranteed Obligations” as defined in Section 7.1. 

“Guarantor” means each of (i) Holdings and (ii) each Domestic Subsidiary of Borrower party to this Agreement
as a Guarantor on the Closing Date or that becomes a party to this Agreement as a Guarantor after the Closing Date pursuant to Section 5.10. 
 “Guarantor Subsidiary” means each Guarantor other than Holdings. 

“Guaranty” means the guaranty of each Guarantor set forth in Section 7. 

“Hazardous Materials” means any chemical, material or substance, exposure to which is prohibited, limited or regulated
by any Governmental Authority because of its potential to pose a hazard to the health and safety of the owners, occupants or any Persons in the vicinity of any Facility or to the indoor or outdoor environment. 

“Hazardous Materials Activity” means any past, current, proposed or threatened activity, event or occurrence involving
any Hazardous Materials, including the use, manufacture, possession, storage, holding, presence, existence, location, Release, threatened Release, discharge, placement, generation, transportation, processing, construction, treatment, abatement,
removal, remediation, disposal, disposition or handling of any Hazardous Materials, and any corrective action or response action with respect to any of the foregoing. 
 “Hedge Agreement” means an Interest Rate Agreement or a Currency Agreement entered into with a Lender Counterparty that has been designated by Borrower and such Lender Counterparty as a
Hedge Agreement by notice to the Administrative Agent delivered on or prior to the tenth Business Day following the later of (a) the Closing Date, (b) the date that such Hedge Agreement is entered into, or (c) the date that the Person
providing such Hedge Agreement becomes a Lender Counterparty. 

  
 24 

 “Highest Lawful Rate” means the maximum lawful interest rate, if any, that
at any time or from time to time may be contracted for, charged, or received under the laws applicable to any Lender which are presently in effect or, to the extent allowed by law, under such applicable laws which may hereafter be in effect and
which allow a higher maximum nonusurious interest rate than applicable laws now allow. 
 “Historical Financial
Statements” means as of the Closing Date, (i) the audited financial statements of Borrower and its subsidiaries, for the immediately preceding three Fiscal Years, consisting of consolidated balance sheets and the related consolidated
statements of income, stockholders’ equity and cash flows for such Fiscal Years, and (ii) the unaudited financial statements of Borrower and its Subsidiaries as of September 30, 2012, consisting of a consolidated balance sheet and the
related consolidated statements of income, stockholders’ equity and cash flows for the nine-month period ending on such date. 
 “Holdings” as defined in the preamble hereto. 

“Immaterial Subsidiary” means any Subsidiary of Borrower (including any Foreign Subsidiary) that has been designated by
Borrower as an “Immaterial Subsidiary” for purposes of this Agreement in a written certificate delivered to the Administrative Agent and executed by an Authorized Officer of Holdings; provided that at no time shall
(A) (i) the Consolidated Total Assets of any Immaterial Subsidiary (as determined as of the last day of the most recently ended Fiscal Quarter for which financial statements have been delivered pursuant to Section 5.1(a) or (b), as
applicable (or prior to the first such delivery, as of December 31, 2012)) equal or exceed 5% or, together with all other Immaterial Subsidiaries and their Subsidiaries, 10% of the Consolidated Total Assets of Holdings and its Subsidiaries at
such date, or (ii) the consolidated gross revenues of such Subsidiary for the four Fiscal Quarter period ending on the last day of the most recently ended Fiscal Quarter for which financial statements have been delivered pursuant to
Section 5.1(a) or (b), as applicable (or prior to the first such delivery, as of December 31, 2012) equal or exceed 5% or, together with all other Immaterial Subsidiaries and their Subsidiaries, 10% of the consolidated gross revenues of
Holdings and its Subsidiaries for such period, in each case determined in accordance with GAAP, or (B) any Immaterial Subsidiary own any Material Real Estate Asset; provided, that on the Closing Date, Chillicothe Paper Inc., NewPage Energy
Services LLC, Upland Resources, Inc. and Rumford GIPOP Inc. shall be Immaterial Subsidiaries. 
 “Income Taxes”
means, with respect to any Lender or Agent, Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes imposed as a result of a present or former connection between such Lender or
Agent and the jurisdiction imposing such Tax (other than connections arising from such Lender or Agent having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest
under, engaged in any other transaction pursuant to or enforced any Credit Document, or sold or assigned an interest in any Credit Document). 
 “Increased Amount Date” as defined in Section 2.21. 

“Increased-Cost Lenders” as defined in Section 2.20. 

  
 25 

 “Indebtedness” means, as applied to any Person, without duplication,
(i) all indebtedness for borrowed money; (ii) that portion of obligations with respect to Capital Leases that is properly classified as a liability on a balance sheet in conformity with GAAP (but subject to the definition of “Capital
Leases” herein); (iii) notes payable and drafts accepted representing extensions of credit whether or not representing obligations for borrowed money; (iv) any obligation owed for all or any part of the deferred purchase price of
property or services, including any earn-out obligations (excluding any such obligations incurred under ERISA); provided that no such earn-out obligation shall constitute Indebtedness except to the extent it has become a liability on the
balance sheet of such Person in accordance with GAAP; (v) all indebtedness secured by any Lien on any property or asset owned or held by that Person regardless of whether the indebtedness secured thereby shall have been assumed by that Person
or is nonrecourse to the credit of that Person; (vi) the face amount of any letter of credit issued for the account of that Person or as to which that Person is otherwise liable for reimbursement of drawings; (vii) Disqualified Equity
Interests; (viii) the direct or indirect guaranty, endorsement (otherwise than for collection or deposit in the ordinary course of business), co-making, discounting with recourse or sale with recourse by such Person of the obligation of
another; (ix) any obligation of such Person the primary purpose or intent of which is to provide assurance to an obligee that the obligation of the obligor thereof will be paid or discharged, or any agreement relating thereto will be complied
with, or the holders thereof will be protected (in whole or in part) against loss in respect thereof; (x) any liability of such Person for an obligation of another through any agreement (contingent or otherwise) (a) to purchase, repurchase
or otherwise acquire such obligation or any security therefor, or to provide funds for the payment or discharge of such obligation (whether in the form of loans, advances, stock purchases, capital contributions or otherwise) or (b) to maintain
the solvency or any balance sheet item, level of income or financial condition of another if, in the case of any agreement described under subclauses (a) or (b) of this clause (x), the primary purpose or intent thereof is as described in
clause (ix) above; and (xi) all obligations of such Person in respect of any exchange traded or over the counter derivative transaction, including under any Interest Rate Agreement or Currency Agreement, in each case, whether entered into
for hedging or speculative purposes or otherwise. 
 “Indemnified Liabilities” means, collectively, any and all
liabilities, obligations, losses, damages (including natural resource damages), penalties, claims (including Environmental Claims), actions, judgments, suits, costs (including the costs of any investigation, study, sampling, testing, abatement,
cleanup, removal, remediation or other response action necessary to remove, remediate, clean up or abate any Hazardous Materials), expenses and disbursements of any kind or nature whatsoever (including the reasonable fees and disbursements of
counsel for Indemnitees in connection with any investigative, administrative or judicial proceeding or hearing commenced or threatened by any Person, whether or not any such Indemnitee shall be designated as a party or a potential party thereto, and
any fees or expenses incurred by Indemnitees in enforcing this indemnity), whether direct, indirect, special or consequential and whether based on any federal, state or foreign laws, statutes, rules or regulations (including securities and
commercial laws, statutes, rules or regulations and Environmental Laws), on common law or equitable cause or on contract or otherwise, that may be imposed on, incurred by, or asserted against any such Indemnitee, in any manner relating to or arising
out of (i) this Agreement or the other Credit Documents or the transactions contemplated hereby or thereby (including the Lenders’ agreement to make Loans, the syndication of the credit

  
 26 

 
facilities provided for herein or the use or intended use of the proceeds thereof, any amendments, waivers or consents with respect to any provision of this Agreement or any of the other Credit
Documents, or any enforcement of any of the Credit Documents (including any sale of, collection from, or other realization upon any of the Collateral or the enforcement of the Guaranty)); (ii) the commitment letter (and any related fee letter)
delivered by any Agent or any Lender to Borrower with respect to the transactions contemplated by this Agreement; or (iii) any Environmental Claim or any Hazardous Materials Activity relating to or arising from, directly or indirectly, any past
or present activity, operation, land ownership, or practice of Holdings or any of its Subsidiaries. 
 “Indemnified
Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment by or on account of any obligation of any Credit Party under any Credit Document and (b) to the extent not otherwise described in (a),
Other Taxes. 
 “Indemnitee” as defined in Section 10.3(a). 

“Installment” as defined in Section 2.9. 
 “Intellectual Property” as defined in the Pledge and Security Agreement. 
 “Intellectual Property Asset” means, at the time of determination, any interest (fee, license or otherwise) then owned by any Credit Party in any Intellectual Property. 

“Intellectual Property Security Agreements” has the meaning assigned to that term in the Pledge and Security Agreement.

 “Intercompany Note” means a promissory note substantially in the form of Exhibit K evidencing Indebtedness
owed among Credit Parties. 
 “Intercreditor Agreement” means an intercreditor agreement substantially in the
form of Exhibit N. 
 “Interest Payment Date” means with respect to (i) any Loan that is a Base Rate Loan,
the last Business Day of March, June, September and December of each year, commencing on the first such date to occur after the Closing Date and the final maturity date of such Loan; and (ii) any Loan that is a Eurodollar Rate Loan, the last
day of each Interest Period applicable to such Loan; provided, in the case of each Interest Period of longer than three months “Interest Payment Date” shall also include each date that is three months, or an integral multiple
thereof, after the commencement of such Interest Period. 
 “Interest Period” means, in connection with a
Eurodollar Rate Loan, an interest period of one, two, three or six months (or nine or twelve months if the Lenders agree), as selected by Borrower in the applicable Funding Notice or Conversion/Continuation Notice, (i) initially, commencing on
the Credit Date or on the Conversion/Continuation Date thereof, as the case may be; and (ii) thereafter, commencing on the day on which the immediately preceding Interest Period expires; provided, (a) if an Interest Period would
otherwise expire on a day that is not a Business Day, such Interest Period shall expire on the next succeeding Business Day unless 

  
 27 

 
no further Business Day occurs in such month, in which case such Interest Period shall expire on the immediately preceding Business Day; (b) any Interest Period that begins on the last
Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall, subject to clause (c) of this definition, end on the last Business Day of a
calendar month; and (c) no Interest Period with respect to any portion of any Class of Loans shall extend beyond such Class’s Maturity Date. 
 “Interest Rate Agreement” means any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedging agreement or other similar agreement
or arrangement, each of which is for the purpose of hedging the interest rate exposure associated with Holdings’ and its Subsidiaries’ operations and not for speculative purposes. 

“Interest Rate Determination Date” means, with respect to any Interest Period, the date that is two Business Days prior
to the first day of such Interest Period. 
 “Internal Revenue Code” means the Internal Revenue Code of 1986,
as amended to the date hereof and from time to time hereafter, and any successor statute. 
 “Internally Generated
Cash” means, with respect to any period, any Cash of Holdings or any Subsidiary generated during such period, excluding Net Asset Sale Proceeds, Net Insurance/Condemnation Proceeds and any Cash that is generated from an incurrence of
Indebtedness, an issuance of Equity Interests or a capital contribution. 
 “Investment” means (i) any
direct or indirect purchase or other acquisition by Holdings or any of its Subsidiaries of, or of a beneficial interest in, any of the Securities of any other Person (other than a Guarantor Subsidiary); (ii) any direct or indirect redemption,
retirement, purchase or other acquisition for value, by any Subsidiary of Holdings from any Person (other than Holdings or any Guarantor Subsidiary), of any Equity Interests of such Person; (iii) any direct or indirect loan, advance (other than
advances to employees for moving, entertainment and travel expenses, drawing accounts and similar expenditures in the ordinary course of business) or capital contributions by Holdings or any of its Subsidiaries to any other Person (other than
Holdings or any Guarantor Subsidiary), including all indebtedness and accounts receivable from that other Person that are not current assets or did not arise from sales to that other Person in the ordinary course of business and (iv) all
investments consisting of any exchange traded or over the counter derivative transaction, including any Interest Rate Agreement and Currency Agreement, whether entered into for hedging or speculative purposes or otherwise. The amount of any
Investment of the type described in clauses (i), (ii) and (iii) shall be the original cost of such Investment plus the cost of all additions thereto, without any adjustments for increases or decreases in value, or write-ups, write-downs or
write-offs with respect to such Investment. 
 “Joinder Agreement” means an agreement substantially in the form
of Exhibit L. 
 “Joint Venture” means a joint venture, partnership or other similar arrangement, whether
in corporate, partnership or other legal form; provided, in no event shall any corporate Subsidiary of any Person be considered to be a Joint Venture to which such Person is a party. 

  
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 “JPMSI” as defined in the preamble hereto. 

“Landlord Personal Property Collateral Access Agreement” means a Landlord Personal Property Collateral Access Agreement
substantially in the form of Exhibit J with such amendments or modifications as may be approved by Collateral Agent. 

“Latest Maturity Date” means, at any date of determination, the latest maturity or expiration date applicable to any
Loan or Commitment hereunder at such time, including the latest maturity or expiration date of any New Term Loan Commitments or New Term Loans, in each case as extended in accordance with this Agreement from time to time. 

“Leasehold Property” means any leasehold interest of any Credit Party as lessee under any lease of real property.

 “Lender” means each financial institution listed on the signature pages hereto as a Lender, and any other
Person that becomes a party hereto pursuant to an Assignment Agreement or a Joinder Agreement. 
 “Lender
Counterparty” means each Lender, each Agent and each of their respective Affiliates counterparty to a Hedge Agreement (including any Person who is an Agent or a Lender (and any Affiliate thereof) as of the Closing Date but subsequently,
whether before or after entering into a Hedge Agreement, ceases to be an Agent or a Lender, as the case may be); provided, at the time of entering into a Hedge Agreement, no Lender Counterparty shall be a Defaulting Lender. 

“Lien” means (i) any lien, mortgage, pledge, assignment, security interest, charge or encumbrance of any kind
(including any agreement to give any of the foregoing, any conditional sale or other title retention agreement, and any lease or license in the nature thereof) and any option, trust or other preferential arrangement having the practical effect of
any of the foregoing and (ii) in the case of Securities, any purchase option, call or similar right of a third party with respect to such Securities. 
 “Loan” means a Term Loan or a New Term Loan. 
 “Margin
Stock” as defined in Regulation U. 
 “Material Adverse Effect” means a material adverse effect
with respect to (i) the assets, financial position, shareholders’ equity or results of operations of Holdings and its Subsidiaries taken as a whole; (ii) the ability of a Borrower, individually, or the Credit Parties, taken as a
whole, to fully and timely perform its or their Obligations; or (iii) the legality, validity, binding effect or enforceability against a Borrower, individually, or the Credit Parties, taken as a whole, of a Credit Document to which it is
or they are a party. 
 “Material Contract” means any contract or other arrangement to which Holdings or
any of its Subsidiaries is a party (other than the Credit Documents) for which breach, nonperformance, cancellation or failure to renew could reasonably be expected to have a Material Adverse Effect. 

  
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 “Material Real Estate Asset” means (i) on the Closing Date, any Real
Estate Asset listed on Schedule 3.1(g) hereto and (ii) with respect to any Real Estate Assets acquired after the Closing Date, any Real Estate Asset having a fair market value in excess of $10,000,000 as of the date of the acquisition thereof;
provided that Material Real Estate Asset shall not include any (a) fee-owned Real Estate Asset that does not include significant capital improvements (“Unimproved Real Property”) so long as, together with any Unimproved
Real Property that is adjacent thereto (or group of adjacent Unimproved Real Properties), such Real Estate Asset has a fair market value (as reasonably determined by the Borrower in good faith) less than $10,000,000 as of (1) the Closing Date,
with respect to any such Real Estate Assets owned by the Credit Parties on the Closing Date and (2) the date of the acquisition thereof, with respect to any such Real Estate Asset acquired after the Closing Date, or (b) Leasehold
Property. 
 “Maturity Date” means, except to the extent extended pursuant to Section 2.22,
(i) with respect to the Term Loans, the earlier of (a) the sixth anniversary of the Closing Date, and (b) the date on which all Term Loans shall become due and payable in full hereunder, whether by acceleration or otherwise and
(ii) with respect to New Term Loans, the date on which New Term Loans of a Series shall become due and payable in full hereunder, as specified in the applicable Joinder Agreement, including by acceleration or otherwise. 

“Moody’s” means Moody’s Investors Service, Inc. 

“Mortgage” means a Mortgage substantially in the form of Exhibit I, as it may be amended, restated, supplemented or
otherwise modified from time to time. 
 “Multiemployer Plan” means any Employee Benefit Plan which is a
“multiemployer plan” as defined in Section 3(37) of ERISA. 
 “Narrative Report” means, with
respect to the financial statements for which such narrative report is required, a narrative report describing the operations of Holdings and its Subsidiaries in the form prepared for presentation to senior management thereof for the Fiscal
Quarter or Fiscal Year and for the period from the beginning of the then current Fiscal Year to the end of such period to which such financial statements relate. 
 “Net Asset Sale Proceeds” means, with respect to any Asset Sale, an amount equal to: (i) Cash payments (including any Cash received by way of deferred payment pursuant to, or by
monetization of, a note receivable or otherwise, but only as and when so received) received by Holdings or any of its Restricted Subsidiaries from such Asset Sale, minus (ii) any bona fide direct costs and expenses incurred in connection
with such Asset Sale, including (a) income or gains Taxes payable by the seller as a result of any gain recognized in connection with such Asset Sale, (b) payment of the outstanding principal amount of, premium or penalty, if any, and
interest on any Indebtedness (other than the Loans) that is secured by a Lien on the stock or assets in question and that is required to be repaid under the terms thereof as a result of such Asset Sale, (c) a reasonable reserve for any
indemnification payments (fixed or contingent) attributable to seller’s indemnities and representations and warranties to purchaser in respect of such Asset Sale undertaken by Holdings or any of its Restricted Subsidiaries in connection with
such Asset Sale, (d) discounts and commissions paid to any broker in connection with such Asset Sale and (e) the reasonable fees and expenses of attorneys, accountants and other professional advisors in connection with such Asset Sale;
provided that upon release of any such reserve, the amount released shall be considered Net Asset Sale Proceeds. 

  
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 “Net Equity Proceeds” means an amount equal to any Cash proceeds from a
capital contribution to, or the issuance of any Equity Interests of, Holdings or any of its Subsidiaries (other than pursuant to any employee stock or stock option compensation plan), net of underwriting discounts and commissions and other
reasonable costs and expenses associated therewith, including reasonable fees and expenses of attorneys, accountants and other professional advisors in connection with such issuance of Equity Interests. 

“Net Insurance/Condemnation Proceeds” means an amount equal to: (i) any Cash payments or proceeds (other than the
proceeds of any business interruption or similar “event” insurance) received by Holdings or any of its Restricted Subsidiaries (a) under any casualty insurance policy in respect of a covered loss thereunder or (b) as a result of
the taking of any assets of Holdings or any of its Restricted Subsidiaries by any Person pursuant to the power of eminent domain, condemnation or otherwise, or pursuant to a sale of any such assets to a purchaser with such power under threat of such
a taking, minus (ii) (a) any actual costs incurred by Holdings or any of its Restricted Subsidiaries in connection with the adjustment or settlement of any claims of Holdings or such Restricted Subsidiary in respect thereof, (b) any
bona fide direct costs incurred in connection with any sale of such assets as referred to in clause (i)(b) of this definition, including income Taxes payable as a result of any gain recognized in connection therewith, and (c) payment of the
outstanding principal amount of, premium or penalty, if any, and interest on any Indebtedness (other than the Loans) that is secured by a Lien on the assets or property that is the subject of such event in question and that is required to be repaid
under the terms thereof as a result of such event. 
 “Net Leverage Ratio” means the ratio as of the date of
determination of (i) Consolidated Total Net Debt as of such day to (ii) Consolidated Adjusted EBITDA for the four-Fiscal Quarter period ending on the last day of the last Fiscal Quarter prior to the date of determination for which
financial statements are required to have been delivered to Administrative Agent pursuant to Section 5.1(a) or 5.1(b), as applicable. 
 “Net Mark-to-Market Exposure” of a Person means, as of any date of determination, the excess (if any) of all unrealized losses over all unrealized profits of such Person arising from
Hedge Agreements or other Indebtedness of the type described in clause (xi) of the definition thereof. As used in this definition, “unrealized losses” means the fair market value of the cost to such Person of replacing such Hedge
Agreement or such other Indebtedness as of the date of determination (assuming the Hedge Agreement or such other Indebtedness were to be terminated as of that date), and “unrealized profits” means the fair market value of the gain to such
Person of replacing such Hedge Agreement or such other Indebtedness as of the date of determination (assuming such Hedge Agreement or such other Indebtedness were to be terminated as of that date). 

“New Term Loan Commitments” as defined in Section 2.21. 

“New Term Loan Exposure” means, with respect to any Lender, as of any date of determination, the outstanding principal
amount of the New Term Loans of such Lender. 

  
 31 

 “New Term Loan Lender” as defined in Section 2.21. 

“New Term Loans” as defined in Section 2.21. 
 “Non-Consenting Lender” as defined in Section 2.20. 

“Non-Public Information” means material non-public information (within the meaning of United States federal, state or
other applicable securities laws) with respect to Borrower or its Affiliates or their Securities. 
 “Non-Public
Lenders” means Lenders that wish to receive Non-Public Information with respect to Holdings, its Subsidiaries or their Securities. 
 “Non-US Lender” as defined in Section 2.17(c). 

“Not Otherwise Applied” means, with reference to any Net Equity Proceeds of any Cash capital contributions or Net
Equity Proceeds from the sale or issuance of any common Equity Interests, Consolidated Excess Cash Flow or the Cumulative Amount that is proposed to be applied to a particular use or transaction, that such amount (a) was not required to prepay
Loans pursuant to Section 2.11, (b) was not previously applied in determining the permissibility of a transaction under the Credit Documents where such permissibility was (or may have been) contingent on the receipt or availability of such
amount, and (c) was not distributed as a Restricted Junior Payment in accordance with Section 6.4(j). 

“Note” means a Term Loan Note. 
 “Notice” means a Funding Notice or a Conversion/ Continuation Notice. 
 “Obligations” means (i) all obligations of every nature of each Credit Party, including obligations from time to time owed to Agents (including former Agents), any Arranger, Lenders
or any of them and Lender Counterparties, under any Credit Document or Hedge Agreement, whether for principal, interest (including interest which, but for the filing of a petition in bankruptcy with respect to such Credit Party, would have accrued
on any Obligation, whether or not a claim is allowed against such Credit Party for such interest in the related bankruptcy proceeding), payments for early termination of Hedge Agreements, fees, expenses, indemnification or otherwise, and
(ii) all Cash Management Obligations; provided that Obligations shall not include any Cash Management Obligations or obligations with respect Hedge Agreements that constitute secured obligations under the Revolving Credit Agreement.

 “Obligee Guarantor” as defined in Section 7.7. 

“Organizational Documents” means (i) with respect to any corporation or company, its certificate, memorandum or
articles of incorporation, organization or association, as amended, and its by-laws, as amended, (ii) with respect to any limited partnership, its certificate or declaration of limited partnership, as amended, and its partnership agreement, as
amended, (iii) with respect to any general partnership, its partnership agreement, as amended, and (iv) with respect to any limited liability company, its articles of organization, as amended, and its operating agreement, as amended. In
the event any term or condition of this Agreement or any 

  
 32 

 
other Credit Document requires any Organizational Document to be certified by a secretary of state or similar governmental official, the reference to any such Organizational Document shall only
be to a document of a type customarily certified by such governmental official. 
 “Other Taxes” means any and
all present or future stamp or documentary Taxes, charges or similar levies arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Credit Document, except
any such Taxes imposed as a result of a present or former connection between Lender and the jurisdiction imposing such Tax (other than connections arising from such Lender having executed, delivered, become a party to, performed its obligations
under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Credit Document, or sold or assigned an interest in any Loan or Credit Document) that are imposed with
respect to an assignment (other than an assignment made pursuant to Section 2.20). 
 “Parent” means
NewPage Holdings Inc., a Delaware corporation. 
 “Parent Consolidated Net Income” means, for any period, the
net income (or loss) of Parent and its subsidiaries on a consolidated basis for such period taken as a single accounting period determined in conformity with GAAP and calculated in the same manner as the Consolidated Net Income of Holdings and its
Subsidiaries on a consolidated basis for such period. 
 “Parent Consolidated Total Assets” means, for any
period and with respect to Parent or any of its subsidiaries, as of any date of determination, the total assets of such Person reflected on the consolidated balance sheet of Parent and its subsidiaries as of the end of such period, determined on a
consolidated basis in accordance with GAAP and calculated in the same manner as the Consolidated Total Assets of Holdings and its Subsidiaries. 
 “Participant Register” as defined in Section 10.6(g)(i). 

“PATRIOT Act” as defined in Section 3.1(u). 

“PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto. 

“Pension Plan” means any Employee Benefit Plan, other than a Multiemployer Plan, which is subject to Title IV of ERISA
or Sections 412 or 430 of the Internal Revenue Code or Section 302 or 303 of ERISA. 
 “Permitted
Acquisition” means any acquisition, directly or indirectly, by Borrower or any of its wholly-owned Restricted Subsidiaries, whether by purchase, merger or otherwise, of all or substantially all of the assets of, all of the Equity Interests
of, or a business line or unit or a division of, any Person; provided, 
 (a) immediately prior to, and after giving
effect thereto, no Event of Default shall have occurred and be continuing or would result therefrom; 

  
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 (b) in the case of the acquisition of Equity Interests, all of the Equity Interests (except
for any such Securities in the nature of directors’ qualifying shares required pursuant to applicable law) acquired or otherwise issued, directly or indirectly, by such Person or any newly formed Restricted Subsidiary of Borrower in connection
with such acquisition shall be owned, directly or indirectly, 100% by Borrower or a Guarantor Subsidiary thereof, and subject to clause (d) below, Borrower shall have taken, or caused to be taken, as of the date such Person becomes a Subsidiary
of Borrower, each of the actions set forth in Sections 5.10 and/or 5.11, as applicable; 
 (c) any Person or assets or division
as acquired in accordance herewith shall be in same business or lines of business in which Borrower and/or its Subsidiaries are engaged as of such date or similar or related businesses; and 

(d) the aggregate amount of Acquisition Consideration for Permitted Acquisitions from the Closing Date to the date of determination, shall
constitute less than the greater of (i) the sum of (x) $100.0 million plus (y) the Cumulative Amount and (ii) such amount as would not cause the Net Leverage Ratio as of the date of such acquisition (calculated pro forma after
giving effect to such acquisition) to exceed 2.75:1.00; provided, in respect of acquisition targets (x) not domiciled within the United States or (y) which are Persons that will not become Guarantor Subsidiaries or assets that will not be
acquired by Borrower or a Guarantor Subsidiary, the consideration for such targets shall not exceed in Subsidiaries other than wholly-owned Guarantor Subsidiaries, more than $10,000,000 per Fiscal Year. 

“Permitted First Priority Refinancing Debt” means any secured Indebtedness incurred by Borrower in the form of one or
more series of senior secured notes or loans; provided that (i) such Indebtedness is secured by the Collateral on a pari passu basis (but without regard to the control of remedies) with the Obligations and is not secured by any
property or assets of Holdings, Borrower or any Subsidiary other than the Collateral, (ii) such Indebtedness constitutes Refinancing Indebtedness, (iii) such Indebtedness is not at any time guaranteed by any Subsidiaries other than
Guarantor Subsidiaries, (iv) the holders of such Indebtedness (or their representative) and Administrative Agent shall be party to a customary intercreditor agreement reasonably acceptable to the Administrative Agent, and (v) such
Indebtedness has covenants, default and remedy provisions and other terms and conditions (other than interest, fees, premiums, funding discounts, optional prepayment provisions, or covenants or other provisions applicable only to periods after the
Latest Maturity Date) that are not more favorable, when taken as a whole, to the investors providing such Permitted First Priority Refinancing Debt than, those set forth in this Agreement. Permitted First Priority Refinancing Debt will include any
Registered Equivalent Notes issued in exchange therefor. 
 “Permitted Junior/Unsecured Incremental Amount”
means, as of any date, the greater of (i) (a) $100.0 million minus (b) the aggregate amount of New Term Loans and Permitted Junior/Unsecured Incremental Debt incurred on or prior to such date and (ii) such amount as would not
cause the Net Leverage Ratio as of such date (calculated pro forma after giving effect to the incurrence of the applicable Indebtedness) to exceed 3.00:1.00; provided that the net Cash proceeds actually received (or contemplated to be
received) from the incurrence of the applicable Indebtedness shall not be included as Unrestricted Cash in the calculation of the Net Leverage Ratio for purposes of this definition. 

  
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 “Permitted Junior/Unsecured Incremental Debt” means Indebtedness of the
Borrower and its Subsidiaries in an aggregate amount not to exceed the Permitted Junior/Unsecured Incremental Amount; provided, that (i) if secured, such Indebtedness is subordinated to the Obligations pursuant to a customary intercreditor
agreement (to the extent required by the Administrative Agent) reasonably satisfactory to the Administrative Agent, (ii) the weighted average life to maturity of such Indebtedness shall be no shorter than the weighted average life to maturity
of the Loans, (iii) the maturity date of such Indebtedness shall be no earlier than the final maturity of the Loans, (iv) all other terms of such Indebtedness, if not consistent with the terms of the Term Loans, shall be reasonably
acceptable to the Administrative Agent, and (v) both immediately prior to and after giving effect to the incurrence thereof, no Default or Event of Default shall exist or result therefrom. 

“Permitted Junior Debt Conditions” means that such applicable debt (i) is not scheduled to mature prior to the date
that is 91 days after the Latest Maturity Date at the time such Indebtedness is incurred, (ii) does not have scheduled amortization payments of principal or payments of principal and is not subject to mandatory redemption, repurchase,
prepayment or sinking fund obligation (except customary asset sale or change of control provisions that provide for the prior repayment in full of the Loans and all other Obligations), in each case prior to the Latest Maturity Date at the time such
Indebtedness is incurred, (iii) is not at any time guaranteed by any Subsidiaries other than Guarantor Subsidiaries, (iv) has no financial maintenance covenants, (v) does not contain any provisions that cross-default to any Default or
Event of Default hereunder (other than cross defaults relating to payment obligations and cross acceleration provisions), and (vi) has covenants, default and remedy provisions and other terms and conditions (other than interest, fees, premiums
and funding discounts, optional prepayment provisions, or covenants or other provisions applicable only to periods after the Latest Maturity Date) that are not more favorable, when taken as a whole, to the investors providing such debt than those
set forth in this Agreement. 
 “Permitted Liens” means each of the Liens permitted pursuant to
Section 6.2. 
 “Permitted Pari Incremental Amount” means, as of any date, the greater of
(i) (a) $100.0 million minus (b) the aggregate amount of New Term Loans and Permitted Junior/Unsecured Incremental Debt incurred on or prior to the such date and (ii) such amount as would not cause the Senior Net Leverage
Ratio (calculated pro forma after giving effect to the incurrence of the applicable Indebtedness) as of such date to exceed 2.00:1.00; provided that the net Cash proceeds actually received (or contemplated to be received) from the incurrence
of the applicable Indebtedness shall not be included as Unrestricted Cash in the calculation of the Senior Net Leverage Ratio for purposes of this definition. 
 “Permitted Refinancing Indebtedness” means any Indebtedness issued or incurred in exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or
refund (collectively, to “Refinance”) the Indebtedness being Refinanced (or previous refinancings thereof constituting Permitted Refinancing Indebtedness); provided that (a) the principal amount (or accreted value, if applicable) of
such Permitted Refinancing 

  
 35 

 
Indebtedness does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness so Refinanced (plus unpaid accrued interest and premium thereon and underwriting
discounts, fees, commissions and expenses), (b) the average life to maturity of such Permitted Refinancing Indebtedness is greater than or equal to that of the Indebtedness being Refinanced, (c) the terms and conditions of such Permitted
Refinancing Indebtedness shall be no less favorable, taken as a whole, to the Lenders or obligors thereunder as those contained in the documentation governing the Indebtedness being Refinanced, (d) no Permitted Refinancing Indebtedness shall
have different obligors, or greater guarantees, than the Indebtedness being Refinanced, (e) at the time of incurrence and after giving effect thereto, no Default or Event of Default shall exist, and (f) such Indebtedness shall not be
secured by any assets that did not secure the Indebtedness being refinanced. 
 “Permitted Second Priority Refinancing
Debt” means any secured Indebtedness incurred by Borrower in the form of one or more series of second lien (or other junior lien) secured notes or second lien (or other junior lien) secured loans; provided that (i) such
Indebtedness is secured by the Collateral on a second priority (or other junior priority) basis to the Liens securing the Obligations and is not secured by any property or assets of Holdings, Borrower or any Subsidiary other than the Collateral,
(ii) such Indebtedness constitutes Refinancing Indebtedness, (iii) the holders of such Indebtedness (or their representative) and Administrative Agent shall be party to a customary intercreditor agreement reasonably acceptable to the
Administrative Agent and (iv) such Indebtedness meets the Permitted Junior Debt Conditions. Permitted Second Priority Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor. 

“Permitted Unsecured Refinancing Debt” means any unsecured Indebtedness (including any Registered Equivalent Notes)
incurred by Borrower in the form of one or more series of senior unsecured notes or loans; provided that such Indebtedness (i) constitutes Refinancing Indebtedness and (ii) meets the Permitted Junior Debt Conditions. Permitted
Unsecured Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor. 
 “Planned Major
Maintenance” means expenditures associated with any planned significant maintenance activity that interrupts ongoing production (a “Scheduled Outage”), which expenditures are capitalized as an asset and amortized to expense over
the period until the next Scheduled Outage. 
 “Person” means and includes natural persons, corporations,
limited partnerships, general partnerships, limited liability companies, limited liability partnerships, joint stock companies, Joint Ventures, associations, companies, trusts, banks, trust companies, land trusts, business trusts or other
organizations, whether or not legal entities, and Governmental Authorities. 
 “Platform” as defined in
Section 5.1(n). 
 “Pledge and Security Agreement” means the Pledge and Security Agreement to be executed
by Borrower and each Guarantor substantially in the form of Exhibit H, as it may be amended, restated, supplemented or otherwise modified from time to time. 

  
 36 

 “Prime Rate” means the rate of interest quoted in the print edition of
The Wall Street Journal, Money Rates Section as the Prime Rate (currently defined as the base rate on corporate loans posted by at least 75% of the nation’s thirty (30) largest banks), as in effect from time to time. The Prime Rate
is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer. The Administrative Agent or any other Lender may make commercial loans or other loans at rates of interest at, above or below the Prime
Rate. 
 “Principal Office” means Administrative Agent’s “Principal Office” as set forth on
Appendix B, or such other office or office of a third party or sub-agent, as appropriate, as such Administrative Agent may from time to time designate in writing to Borrower and each Lender. 

“Pro Rata Share” means (i) with respect to all payments, computations and other matters relating to the Term Loan
of any Lender, the percentage obtained by dividing (a) the Term Loan Exposure of that Lender by (b) the aggregate Term Loan Exposure of all Lenders; and (ii) with respect to all payments, computations, and other matters relating to
New Term Loan Commitments or New Term Loans of a particular Series, the percentage obtained by dividing (a) the New Term Loan Exposure of that Lender with respect to that Series by (b) the aggregate New Term Loan Exposure of all Lenders
with respect to that Series. For all other purposes with respect to each Lender, “Pro Rata Share” means the percentage obtained by dividing (A) an amount equal to the sum of the Term Loan Exposure and the New Term Loan Exposure of
that Lender, by (B) an amount equal to the sum of the aggregate Term Loan Exposure and the aggregate New Term Loan Exposure of all Lenders. 
 “Projections” as defined in Section 4.8. 
 “Public
Lenders” means Lenders that do not wish to receive Non-Public Information with respect to Holdings, its Subsidiaries or their Securities. 
 “Qualified IPO” means the issuance by Holdings or any direct or indirect parent company of Holdings of its common Equity Interests (and the contribution of any proceeds of such issuance
to Borrower) in an underwritten primary public offering (other than a public offering pursuant to a registration statement on Form S-8) pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission (or any
Governmental Authority succeeding to any of its principal functions) in accordance with the Securities Act (whether alone or in connection with a secondary public offering) and such Equity Interests are listed on a nationally-recognized stock
exchange in the United States. 
 “Real Estate Asset” means, at any time of determination, any interest (fee,
leasehold or otherwise) then owned by any Credit Party in any real property. 
 “Refinancing Indebtedness”
means (i) Permitted First Priority Refinancing Debt, (ii) Permitted Second Priority Refinancing Debt or (iii) Permitted Unsecured Refinancing Debt, in each case, issued, incurred or otherwise obtained (including by means of the
extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace or refinance, in whole or part, existing Loans or previously issued Refinancing Indebtedness (“Refinanced Debt”); provided that
(a) such Indebtedness does not mature prior to the Refinanced Debt 

  
 37 

 
(except customary asset sale or change of control provisions) or have a weighted average life to maturity shorter than the Refinanced Debt or, with respect to notes, have mandatory prepayment
provisions (other than related to customary asset sale and change of control offers) that could result in prepayments of such Refinancing Indebtedness prior to the Refinanced Debt, (b) such Indebtedness shall not have a greater aggregate
principal amount than the aggregate principal amount of the Refinanced Debt plus accrued interest, fees and premiums (if any) thereon and reasonable fees and expenses associated with the refinancing (provided that the principal amount of such
Indebtedness shall not include any principal constituting interest paid in kind), (c) such Refinanced Debt shall be repaid, defeased or satisfied and discharged on a Dollar-for-Dollar basis, and all accrued interest, fees and premiums (if any)
in connection therewith shall be paid, substantially concurrently with the incurrence of such Indebtedness in accordance with the provisions of Section 2.10, and (d) such Indebtedness shall not permit all Affiliated Lenders thereunder to
vote more than 20% of the aggregate voting power under such Indebtedness. 
 “Register” as defined in
Section 2.4(b). 
 “Registered Equivalent Notes” means, with respect to any notes originally issued in a
Rule 144A or other private placement transaction under the Securities Act, substantially identical notes (having the same Guarantees) issued in a Dollar-for-Dollar exchange therefor pursuant to an exchange offer registered with the U.S. Securities
and Exchange Commission. 
 “Regulation D” means Regulation D of the Board of Governors, as in effect
from time to time and all official rulings and interpretations thereunder or thereof. 
 “Regulation FD” means
Regulation FD as promulgated by the U.S. Securities and Exchange Commission under the Securities Act and Exchange Act as in effect from time to time. 
 “Regulation T” means Regulation T of the Board of Governors, as in effect from time to time and all official rulings and interpretations thereunder or thereof. 

“Regulation U” means Regulation U of the Board of Governors, as in effect from time to time and all official
rulings and interpretations thereunder or thereof. 
 “Regulation X” means Regulation X of the Board
of Governors, as in effect from time to time and all official rulings and interpretations thereunder or thereof. 

“Related Agreements” means, collectively, the Revolving Credit Agreement and the Reorganization Plan. 

“Related Fund” means, with respect to any Lender that is an investment fund, any other investment fund that invests in
commercial loans and that is managed or advised by the same investment advisor as such Lender or by an Affiliate of such investment advisor. 

  
 38 

 “Release” means any release, spill, emission, leaking, pumping, pouring,
injection, escaping, deposit, disposal, discharge, dispersal, dumping, leaching or migration of any Hazardous Material into the indoor or outdoor environment (including the abandonment or disposal of any barrels, containers or other closed
receptacles containing any Hazardous Material), including the movement of any Hazardous Material through the air, soil, surface water or groundwater. 
 “Reorganization Plan” as defined in the recitals hereto. 

“Replacement Lender” as defined in Section 2.20. 

“Repricing Transaction” as defined in Section 2.10(b). 

“Requisite Lenders” means one or more Lenders having or holding Term Loan Exposure and/or New Term Loan Exposure and
representing more than 50% of the aggregate Voting Power Determinants of all Lenders; provided that amount of Voting Power Determinants shall be determined (i) with respect to any Affiliated Lender, by deeming such Affiliated Lender to
have voted its interest as a Lender without discretion in the same proportion as the allocation of voting with respect to such matter by Lenders who are not Affiliated Lenders (except as provided in Section 10.6(j)(iv)(A)) and (ii) with
respect to any Defaulting Lender, by disregarding the Voting Power Determinants of such Defaulting Lender. 

“Restricted Junior Payment” means (i) any dividend or other distribution, direct or indirect, on account of any
shares of any class of stock of Holdings, Borrower or any of their respective Subsidiaries now or hereafter outstanding, except a dividend payable solely in shares of that class of stock to the holders of that class; (ii) any redemption,
retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any shares of any class of stock of Holdings or Borrower or any of their respective Subsidiaries now or hereafter outstanding;
(iii) any payment made to retire, or to obtain the surrender of, any outstanding warrants, options or other rights to acquire shares of any class of stock of Holdings, Borrower or any of their respective Subsidiaries now or hereafter
outstanding; (iv) management or similar fees payable to equityholders; and (v) 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 or any Earn Out Indebtedness. 

“Restricted Subsidiary” means any subsidiary other than an Unrestricted Subsidiary; provided that upon the
occurrence of any Unrestricted Subsidiary ceasing to be an Unrestricted Subsidiary, such subsidiary shall be included in the definition of “Restricted Subsidiary”. 
 “Revolving Administrative Agent” means JPMorgan Chase Bank, N.A., in its capacity as the administrative agent under the Revolving Credit Agreement and related collateral documents, and
any successor administrative agent permitted pursuant to the terms thereof, hereof and in the Intercreditor Agreement. 

“Revolving Co-Collateral Agents” means JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, in their
capacities as the co-collateral agents under the Revolving Credit Agreement and related collateral documents, and any successor collateral agent permitted pursuant to the terms thereof, hereof and in the Intercreditor Agreement. 

  
 39 

 “Revolving Collateral” has the meaning assigned to “Revolving Loan
Priority Collateral” in the Intercreditor Agreement. 
 “Revolving Credit Agreement” means that certain
Credit Agreement, dated as of the Closing Date, by and among Borrower, Holdings, certain subsidiaries of Borrower, as guarantors, the lenders party thereto from time to time, Revolving Administrative Agent, and the other parties thereto, as it now
exists or may hereafter be amended, modified, supplemented, extended, renewed, exchanged, refinanced, restated, restructured or replaced (in whole or in part and including any agreements with, to or in favor of any other agent, lender or group of
lenders that at any time refinances, replaces or succeeds to all or any portion of the Revolving Loan Debt (as defined in the Intercreditor Agreement ) or that adds any new or additional Subsidiaries or Affiliates of a Credit Party, and whether or
not increasing the amount of indebtedness that can be incurred thereunder), in each case, in accordance with the terms of the Intercreditor Agreement. 
 “S&P” means Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. 
 “Second Priority” means, with respect to any Lien purported to be created in any Collateral pursuant to any Collateral Document, that such Lien is the only Lien to which such Collateral
is subject, other than First Priority Liens to secure the Indebtedness under the Revolving Credit Agreement and any other Permitted Lien. 
 “Secured Parties” has the meaning assigned to that term in the Pledge and Security Agreement. 
 “Securities” means any stock, shares, partnership interests, voting trust certificates, certificates of interest or participation in any profit-sharing agreement or arrangement,
options, warrants, bonds, debentures, notes, or other evidences of indebtedness, secured or unsecured, convertible, subordinated or otherwise, or in general any instruments commonly known as “securities” or any certificates of interest,
shares or participations in temporary or interim certificates for the purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of the foregoing. 
 “Securities Act” means the Securities Act of 1933, as amended from time to time, and any successor statute. 
 “Senior Net Leverage Ratio” means the ratio as of any day of (i) Consolidated Senior Net Debt as of such day to (ii) Consolidated Adjusted EBITDA for the four-Fiscal Quarter
period ending on the last day of the last Fiscal Quarter prior to the date of determination for which financial statements are required to have been delivered to Administrative Agent pursuant to Section 5.1(a) or 5.1(b), as applicable.

 “Series” as defined in Section 2.21. 

  
 40 

 “Solvency Certificate” means a Solvency Certificate of the chief financial
officer of Holdings substantially in the form of Exhibit F-2. 
 “Solvent” means, with respect to the Credit
Parties, that as of the date of determination, both (i) (a) the sum of such Credit Parties’ debt (including contingent liabilities), calculated on a consolidated basis, does not exceed the present fair saleable value of the Credit
Parties’ present assets, calculated on a consolidated basis, (b) the Credit Parties’ capital, calculated on a consolidated basis, is not unreasonably small in relation to the Credit Parties business as conducted on, or proposed to be
conducted following, such date and (c) the Credit Parties have not, on a consolidated basis, incurred and do not intend to incur, or believe (nor should they reasonably believe) that they will incur, debts and liabilities (including contingent
liabilities) beyond their ability to pay such debts and liabilities as they become due (whether at maturity or otherwise); and (ii) the Credit Parties are, on a consolidated basis, “solvent” within the meaning given that term and
similar terms under the Bankruptcy Code and other 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 Standards No.5). 
 “Subordinated Indebtedness” means (i) Permitted
Second Priority Refinancing Debt and (ii) other Indebtedness of Borrower and its Subsidiaries that is subordinated to the Obligations on terms reasonably satisfactory to the Administrative Agent and that meets the Permitted Junior Debt
Conditions. 
 “subsidiary” means, with respect to any Person, any corporation, partnership, limited liability
company, association, joint venture or other business entity of which more than 50% of the total voting power of shares of stock or other ownership interests entitled (without regard to the occurrence of any contingency) to vote in the election of
the Person or Persons (whether directors, managers, trustees or other Persons performing similar functions) having the power to direct or cause the direction of the management and policies thereof is at the time owned or controlled, directly or
indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof; provided, in determining the percentage of ownership interests of any Person controlled by another Person, no ownership interest in
the nature of a “qualifying share” of the former Person shall be deemed to be outstanding. 

“Subsidiary” means, unless the context otherwise requires, a Restricted Subsidiary of Borrower (or, if so indicated, of
Holdings or any other Credit Party). 
 “Syndication Agent” as defined in the preamble hereto. 

“Tax” means any present or future tax, levy, impost, duty, assessment, charge, fee, deduction or withholding (together
with interest, penalties and other additions thereto) of any nature and whatever called, by any Governmental Authority, imposed, levied, collected, withheld or assessed. 

  
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 “Term Collateral” has the meaning assigned to “Term Loan Priority
Collateral” in the Intercreditor Agreement. 
 “Term Loan” means a Term Loan made by a Lender to Borrower
pursuant to Section 2.1(a). 
 “Term Loan Asset Proceeds Account” has the meaning assigned to such term in
the Intercreditor Agreement. 
 “Term Loan Commitment” means the commitment of a Lender to make or otherwise
fund a Term Loan and “Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Term Loan Commitment, if any, is set forth on Appendix A or in the applicable Assignment
Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Term Loan Commitments as of the Closing Date is $500.0 million. 

“Term Loan Exposure” means, with respect to any Lender, as of any date of determination, the outstanding principal
amount of the Term Loans of such Lender; provided, at any time prior to the making of the Term Loans, the Term Loan Exposure of any Lender shall be equal to such Lender’s Term Loan Commitment. 

“Term Loan Note” means a promissory note in the form of Exhibit B, as it may be amended, restated, supplemented or
otherwise modified from time to time. 
 “Terminated Lender” as defined in Section 2.20. 

“Title Policy” as defined in Section 3.1(g)(iii). 

“Transaction Costs” means the fees, costs and expenses payable by Holdings, Borrower or any of Borrower’s
Subsidiaries on or before the Closing Date in connection with the transactions contemplated by the Credit Documents and the Related Agreements. 
 “Transactions” as defined in Section 3.1(t). 

“Treasury Rate” means, as of any date of applicable prepayment of the Loans, the yield to maturity as of such date of
the United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has become publicly available at least two Business Days prior to such date (or, if
such Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from such date to the first anniversary of the Closing Date; provided, however, that if the period
from such date to the first anniversary of the Closing Date is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year will be used. 

“Type of Loan” means a Base Rate Loan or a Eurodollar Rate Loan. 

“UCC” means the Uniform Commercial Code (or any similar or equivalent legislation) as in effect from time to time in any
applicable jurisdiction. 

  
 42 

 “Unrestricted Cash” means the aggregate amount of Cash and, to the extent
readily monetized, Cash Equivalents held in accounts on the consolidated balance sheet of Borrower and the Guarantors to the extent that the use of such Cash and Cash Equivalents for application to payment of the Obligations or other Indebtedness is
not prohibited by law or any contract or other agreement and such Cash and Cash Equivalents are free and clear of all Liens (other than Liens in favor of the Collateral Agent and the Revolving Co-Collateral Agents). 

“Unrestricted Subsidiary” means any subsidiary of Borrower designated by the board of directors (or similar governing
body) of Borrower as an Unrestricted Subsidiary pursuant to Section 5.14 subsequent to the date hereof. Borrower may designate any subsidiary of Borrower (including any existing subsidiary and any newly acquired or newly formed subsidiary) to
be an Unrestricted Subsidiary unless such subsidiary or any of its subsidiaries owns any Equity Interests or Indebtedness of, or owns or holds any Lien on any property of, Borrower or any subsidiary of Borrower (other than any subsidiary of the
subsidiary to be so designated); provided that each of (A) the subsidiary to be so designated and (B) its subsidiaries has not at the time of designation, and does not thereafter, create, incur, issue, assume, guarantee or otherwise
become directly or indirectly liable with respect to any Indebtedness pursuant to which the lender has recourse to any of the assets of Borrower or any Restricted Subsidiary. 
 “U.S. Lender” as defined in Section 2.17(c). 

“Voting Power Determinants” means, collectively, Term Loan Exposure, and/or New Term Loan Exposure. 

“Weighted Average Yield” means with respect to any Loan, on any date of determination, the weighted average yield to
maturity, in each case, based on the interest rate applicable to such Loan on such date and giving effect to all upfront or similar fees or original issue discount payable with respect to such Loan. 

1.2. Accounting Terms. Except as otherwise expressly provided herein, all accounting terms not otherwise defined herein
shall have the meanings assigned to them in conformity with GAAP. Financial statements and other information required to be delivered by Holdings to Lenders pursuant to Section 5.1(a) and 5.1(b) shall be prepared in accordance with GAAP as in
effect at the time of such preparation. Subject to the foregoing, calculations in connection with the definitions, covenants and other provisions hereof shall utilize accounting principles and policies in conformity with those used to prepare the
Historical Financial Statements. 
 1.3. Interpretation, Etc. Any of the terms defined herein may, unless the context
otherwise requires, be used in the singular or the plural, depending on the reference. References herein to any Section, Appendix, Schedule or Exhibit shall be to a Section, an Appendix, a Schedule or an Exhibit, as the case may be, hereof unless
otherwise specifically provided. The use herein of the word “include” or “including”, when following any general statement, term or matter, shall not be construed to limit such statement, term or matter to the specific items or
matters set forth immediately following such word or to similar items or matters, whether or not non-limiting language (such as “without limitation” or “but not limited to” or words of similar import) is used with reference
thereto, but rather shall be deemed to refer to all other items or matters that fall within the broadest possible scope of such general statement, term or matter. 

  
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The terms lease and license shall include sub-lease and sub-license, as applicable. Unless otherwise specifically indicated, the term “consolidated” with respect to any Person refers to
such Person consolidated with its Restricted Subsidiaries, and excludes from such consolidation any Unrestricted Subsidiary as if such Unrestricted Subsidiary were not an Affiliate of such Person. 

SECTION 2. LOANS 
 2.1. Term Loans. 
 (a) Loan Commitments. Subject to the terms and
conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Borrower in an amount equal to such Lender’s Term Loan Commitment. Borrower may make only one borrowing under the Term Loan Commitment which shall be
on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.10(a) and 2.11, all amounts owed hereunder with respect to any Term Loan shall be paid in full no
later than the Maturity Date with respect to such Term Loan. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term Loan
Commitment on such date. 
 (b) Borrowing Mechanics for Term Loans. 

(i) Borrower shall deliver to Administrative Agent a fully executed Funding Notice no later than (x) one day prior to
the Closing Date with respect to Base Rate Loans and (y) three days prior to the Closing Date with respect to Eurodollar Rate Loans (or such shorter period as may be acceptable to Administrative Agent). Promptly upon receipt by Administrative
Agent of such Funding Notice, Administrative Agent shall notify each Lender of the proposed borrowing. 
 (ii)
Each Lender shall make its Term Loan available to Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by Administrative Agent.
Upon satisfaction or waiver of the conditions precedent specified herein, Administrative Agent shall make the proceeds of the Term Loans available to Borrower on the Closing Date by causing an amount of same day funds in Dollars equal to the
proceeds of all such Loans received by Administrative Agent from Lenders to be credited to the account of Borrower at the Principal Office designated by Administrative Agent or to such other account as may be designated in writing to Administrative
Agent by Borrower. 
 2.2. Pro Rata Shares; Availability of Funds. 

(a) Pro Rata Shares. All Loans shall be made by Lenders simultaneously and proportionately to their respective Pro Rata Shares, it
being understood that no Lender shall be responsible for any default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder nor shall any Term Loan Commitment of any Lender be increased or decreased as a result
of a default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder. 

  
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 (b) Availability of Funds. Unless Administrative Agent shall have been notified by
any Lender prior to the applicable Credit Date that such Lender does not intend to make available to Administrative Agent the amount of such Lender’s Loan requested on such Credit Date, Administrative Agent may assume that such Lender has made
such amount available to Administrative Agent on such Credit Date and Administrative Agent may, in its sole discretion, but shall not be obligated to, make available to Borrower a corresponding amount on such Credit Date. If such corresponding
amount is not in fact made available to Administrative Agent by such Lender, Administrative Agent shall be entitled to recover such corresponding amount on demand from such Lender together with interest thereon, for each day from such Credit Date
until the date such amount is paid to Administrative Agent, at the customary rate set by Administrative Agent for the correction of errors among banks for three Business Days and thereafter at the Base Rate. In the event that (i) Administrative
Agent declines to make a requested amount available to Borrower until such time as all applicable Lenders have made payment to Administrative Agent, (ii) a Lender fails to fund to Administrative Agent all or any portion of the Loans required to
be funded by such Lender hereunder prior to the time specified in this Agreement and (iii) such Lender’s failure results in Administrative Agent failing to make a corresponding amount available to Borrower on the Credit Date, such Lender
shall not receive (and Borrower shall not be required to pay) interest hereunder with respect to the requested amount of such Lender’s Loans for the period commencing with the time specified in this Agreement for receipt of payment by the
Borrower through and including the time of Borrower’s receipt of the requested amount. Nothing in this Section 2.2(b) shall be deemed to relieve any Lender from its obligation to fulfill its Term Loan Commitment hereunder or to prejudice
any rights that Borrower may have against any Lender as a result of any default by such Lender hereunder. 
 2.3. Use of
Proceeds. The proceeds of the Loans shall be applied by Borrower in accordance with the Reorganization Plan to fund, in part, the repayment of the Existing Indebtedness of the Credit Parties, to pay fees, commissions and expenses in connection
therewith, to pay distributions pursuant to the Reorganization Plan, and for working capital and general corporate purposes of Holdings and its Subsidiaries, including Permitted Acquisitions. 

2.4. Evidence of Debt; Register; Lenders’ Books and Records; Notes. 

(a) Lenders’ Evidence of Debt. Each Lender shall maintain on its internal records an account or accounts evidencing the
Obligations of Borrower to such Lender, including the amounts of the Loans made by it and each repayment and prepayment in respect thereof. Any such recordation shall be conclusive and binding on Borrower, absent manifest error; provided,
that the failure to make any such recordation, or any error in such recordation, shall not affect Borrower’s Obligations in respect of any applicable Loans; and provided further, in the event of any inconsistency between the
Register and any Lender’s records, the recordations in the Register shall govern. 

  
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 (b) Register. Administrative Agent (or its agent or sub-agent appointed by it) shall
maintain at its Principal Office a register for the recordation of the names and addresses of Lenders and the Loans of each Lender from time to time (the “Register”). The Register shall be available for inspection by
(i) Borrower, (ii) any Lender with respect to such Lender’s Loans and (iii) any Lender with respect to any entry relating to the Loans of Affiliated Lenders at any reasonable time and from time to time upon reasonable prior
notice. Administrative Agent shall record, or shall cause to be recorded, in the Register the Loans in accordance with the provisions of Section 10.6, and each repayment or prepayment in respect of the principal amount of the Loans, and any
such recordation shall be conclusive and binding on Borrower and each Lender, absent manifest error; provided, that the failure to make any such recordation, or any error in such recordation, shall not affect Borrower’s Obligations in
respect of any Loan. Borrower hereby designates Administrative Agent to serve as Borrower’s agent solely for purposes of maintaining the Register as provided in this Section 2.4(b), and Borrower hereby agrees that, to the extent
Administrative Agent serves in such capacity, Administrative Agent and its officers, directors, employees, agents, sub-agents and affiliates shall constitute “Indemnitees.” 

(c) Notes. 
 (i) If so requested by any Lender by written notice to Borrower (with a copy to Administrative Agent) at least two Business Days prior to the applicable Credit Date, or at any time thereafter, Borrower
shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to Section 10.6) on such Credit Date (or, if such notice is delivered after such Credit
Date, promptly after Borrower’s receipt of such notice) a Note or Notes to evidence such Lender’s Term Loan, or New Term Loan, as the case may be. 
 (ii) OID Legend. The following legend shall be included on the face of any Note evidencing a Term Loan or a New Term Loan: 
 THIS NOTE HAS BEEN ISSUED WITH ORIGINAL ISSUE DISCOUNT (AS DEFINED IN § 1273(a) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, AND U.S. TREASURY REGULATION § 1.1273-1 PROMULGATED THEREUNDER).
THE HOLDER HEREOF CAN OBTAIN THE INFORMATION DESCRIBED IN U.S. TREASURY REGULATION § 1.1275-3 BY WRITING TO: NEWPAGE CORPORATION, ATTENTION: CHIEF FINANCIAL OFFICER. 
 2.5. Interest on Loans. 
 (a) Except as otherwise set forth herein, each
Loan shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as follows: 
 (1) if a Base Rate Loan, at the Base Rate plus the Applicable Margin; or 

  
 46 

 (2) if a Eurodollar Rate Loan, at the Adjusted Eurodollar Rate plus
the Applicable Margin. 
 (b) The basis for determining the rate of interest with respect to any Loan, and the Interest Period
with respect to any Eurodollar Rate Loan, shall be selected by Borrower and notified to Administrative Agent and Lenders pursuant to a Funding Notice or Conversion/Continuation Notice, as the case may be; provided, until the earlier of
(i) the date on which Syndication Agent notifies Borrower that the primary syndication of the Loans has been completed, as determined by the Syndication Agent and (ii) 45 days after the Closing Date, the Term Loans shall be maintained, at
Borrower’s option, as either (1) Eurodollar Rate Loans having an Interest Period of no longer than one month or (2) Base Rate Loans. 
 (c) In connection with Eurodollar Rate Loans there shall be no more than five (5) Interest Periods outstanding at any time. In the event Borrower fails to specify between a Base Rate Loan or a
Eurodollar Rate Loan in the applicable Funding Notice or Conversion/Continuation Notice, such Loan (if outstanding as a Eurodollar Rate Loan) will be automatically converted into a Base Rate Loan on the last day of the then-current Interest Period
for such Loan (or if outstanding as a Base Rate Loan will remain as, or (if not then outstanding) will be made as, a Base Rate Loan). In the event Borrower fails to specify an Interest Period for any Eurodollar Rate Loan in the applicable Funding
Notice or Conversion/Continuation Notice, Borrower shall be deemed to have selected an Interest Period of one month. As soon as practicable after 10:00 a.m. (New York City time) on each Interest Rate Determination Date, Administrative Agent shall
determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the Eurodollar Rate Loans for which an interest rate is then being determined for the applicable
Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower and each Lender. 
 (d) Interest payable pursuant to Section 2.5(a) shall be computed (i) in the case of Base Rate Loans on the basis of a 365-day or 366-day year, as the case may be, and (ii) in the case of
Eurodollar Rate Loans, on the basis of a 360-day year, in each case for the actual number of days elapsed in the period during which it accrues. In computing interest on any Loan, the date of the making of such Loan or the first day of an Interest
Period applicable to such Loan, the last Interest Payment Date with respect to such Loan or, with respect to a Base Rate Loan being converted from a Eurodollar Rate Loan, the date of conversion of such Eurodollar Rate Loan to such Base Rate Loan, as
the case may be, shall be included, and the date of payment of such Loan or the expiration date of an Interest Period applicable to such Loan or, with respect to a Base Rate Loan being converted to a Eurodollar Rate Loan, the date of conversion of
such Base Rate Loan to such Eurodollar Rate Loan, as the case may be, shall be excluded; provided, if a Loan is repaid on the same day on which it is made, one day’s interest shall be paid on that Loan. 

(e) Except as otherwise set forth herein, interest on each Loan shall accrue on a daily basis and shall be payable in arrears (i) on
each Interest Payment Date with respect to interest accrued on and to each such payment date; (ii) upon any prepayment of that Loan, whether voluntary or mandatory, to the extent accrued on the amount being prepaid; and (iii) at maturity
of the Loans, including final maturity of the Loans; provided, however, with respect to any voluntary prepayment of a Base Rate Loan, accrued interest shall instead be payable on the applicable Interest Payment Date. 

  
 47 

 2.6. Conversion/Continuation. 

(a) Subject to Section 2.15 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall
have the option: 
 (i) to convert at any time all or any part of any Loan equal to $5,000,000 and integral
multiples of $1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless
Borrower shall pay all amounts due under Section 2.15 in connection with any such conversion; or 
 (ii)
upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $5,000,000 and integral multiples of $1,000,000 in excess of that amount as a Eurodollar Rate Loan. 

(b) Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 12:00 p.m. (New York City time) at least
one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation
of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans shall be irrevocable on and after the related Interest Rate Determination Date, and
Borrower shall be bound to effect a conversion or continuation in accordance therewith. If on any day a Loan is outstanding with respect to which a Funding Notice or Conversion/Continuation Notice has not been delivered to Administrative Agent in
accordance with the terms hereof specifying the applicable basis for determining the rate of interest, then for that day such Loan shall be a Base Rate Loan. 
 (c) Any Conversion/Continuation Notice shall be executed by an Authorized Officer or any other person designated in the Administrative Incumbency Certificate in a writing delivered to Administrative
Agent. 
 2.7. Default Interest. Upon the occurrence and during the continuance of an Event of Default under
Section 8.1(a), (f) or (g), any overdue amounts in respect of the Loans and, to the extent permitted by applicable law, any overdue interest payments on the Loans or any overdue fees or other amounts owed hereunder, shall thereafter bear
interest (including post-petition interest in any proceeding under Debtor Relief Laws) payable on demand at a rate that is 2% per annum in excess of the interest rate otherwise payable hereunder with respect to the applicable Loans (or,
in the case of any such fees and other amounts, at a rate which is 2% per annum in excess of the interest rate otherwise payable hereunder for Base Rate Loans); provided, in the case of Eurodollar Rate Loans, upon the expiration
of the Interest Period in effect at the time any such increase in interest rate is effective such Eurodollar Rate Loans shall thereupon become Base Rate Loans and overdue amounts in respect thereof shall thereafter bear interest payable upon demand
at a rate which is 2% per annum in excess of the interest rate otherwise payable 

  
 48 

 
hereunder for Base Rate Loans. Payment or acceptance of the increased rates of interest provided for in this Section 2.7 is not a permitted alternative to timely payment and shall not
constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Administrative Agent or any Lender. 
 2.8. Fees. 
 (a) Borrower agrees to pay on the Closing Date to each Lender
party to this Agreement as a Lender on the Closing Date, as fee compensation for the funding of such Lender’s Loan, a closing fee in an amount equal to 2.0% of the stated principal amount of such Lender’s Loan, payable to such Lender from
the proceeds of its Loan as and when funded on the Closing Date. Such closing fee will be in all respects fully earned, due and payable on the Closing Date and non-refundable and non-creditable thereafter. 

(b) In addition to any of the foregoing fees, Borrower agrees to pay to Agents such other fees in the amounts and at the times separately
agreed upon. 
 2.9. Scheduled Payments. The principal amounts of the Term Loans shall be repaid in consecutive quarterly
installments and at final maturity (each such payment, an “Installment”) in the aggregate amounts set forth below on the four quarterly scheduled Interest Payment Dates applicable to Term Loans, commencing March 31, 2013 (each,
an “Amortization Date”): 
  

					
	 Amortization Date
	  	Term Loan
Installments	 
	 March 31, 2013
	  	$	1,250,000.00	  
	 June 30, 2013
	  	$	1,250,000.00	  
	 September 30, 2013
	  	$	1,250,000.00	  
	 December 31, 2013
	  	$	1,250,000.00	  
	 March 31, 2014
	  	$	6,250,000.00	  
	 June 30, 2014
	  	$	6,250,000.00	  
	 September 30, 2014
	  	$	6,250,000.00	  
	 December 31, 2014
	  	$	6,250,000.00	  
	 March 31, 2015
	  	$	6,250,000.00	  
	 June 30, 2015
	  	$	6,250,000.00	  
	 September 30, 2015
	  	$	6,250,000.00	  
	 December 31, 2015
	  	$	6,250,000.00	  
	 March 31, 2016
	  	$	6,250,000.00	  
	 June 30, 2016
	  	$	6,250,000.00	  
	 September 30, 2016
	  	$	6,250,000.00	  
	 December 31, 2016
	  	$	6,250,000.00	  
	 March 31, 2017
	  	$	6,250,000.00	  
	 June 30, 2017
	  	$	6,250,000.00	  

  
 49 

					
	 Amortization Date
	  	Term Loan
Installments	 
	 September 30, 2017
	  	$	6,250,000.00	  
	 December 31, 2017
	  	$	6,250,000.00	  
	 March 31, 2018
	  	$	6,250,000.00	  
	 June 30, 2018
	  	$	6,250,000.00	  
	 September 30, 2018
	  	$	6,250,000.00	  
	 Maturity Date
	  	 	Remainder	  

 ; provided, in the event any New Term Loans are made, such New Term Loans shall be repaid on each Amortization
Date occurring on or after the applicable Increased Amount Date in the manner specified in the Joinder Agreement. 
 Notwithstanding the
foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Loans in accordance with Sections 2.10, 2.11 and 2.12, as applicable; and (y) each Loan, together with all other
amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Maturity Date applicable to such Loan. 
 2.10. Voluntary Prepayments. 
 (a) Voluntary Prepayments. 

(i) Any time and from time to time: 
 (1) with respect to Base Rate Loans, Borrower may prepay any such Loans on any Business Day in whole or in part, in an aggregate minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess
of that amount; and 
 (2) with respect to Eurodollar Rate Loans, Borrower may prepay any such Loans on any
Business Day in whole or in part in an aggregate minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess of that amount. 
 (ii) All such prepayments shall be made: 
 (1) upon not less than
one Business Day’s prior written notice in the case of Base Rate Loans; and 
 (2) upon not less than three
Business Days’ prior written notice in the case of Eurodollar Rate Loans; 
 in each case given to Administrative Agent by 12:00 p.m. (New
York City time) on the date required (and Administrative Agent will promptly transmit such original notice by telefacsimile or telephone to each Lender). Upon the giving of any such notice, the principal amount of the

  
 50 

 
Loans specified in such notice shall become due and payable on the prepayment date specified therein; provided that Borrower may condition such notice on the occurrence of one or more
specified refinancing events and, if such events shall not have occurred, Borrower may rescind such notice and the principal amount of the Loans specified in such notice shall not become due and payable on such prepayment date. Any such voluntary
prepayment shall be applied as specified in Section 2.12(a). 
 (b) Call Protection. In the event that all or any
portion of the Loans is (i) repaid, prepaid, refinanced or replaced or (ii) repriced or effectively refinanced through any waiver, consent or amendment (in each case, in connection with any waiver, consent or amendment to this Agreement
directed at, or the result of which would be, the lowering of the effective interest cost or the weighted average yield of the Loans or the incurrence of any debt financing having an effective interest cost or weighted average yield that is less
than the effective interest cost or weighted average yield of the Loans (or portion thereof) so repaid, prepaid, refinanced, replaced or repriced (a “Repricing Transaction”)), in each case on or prior to the first anniversary of the
Closing Date, such repayment, prepayment, refinancing, replacement or repricing will be made with a prepayment premium in an amount equal to the present value of the sum of (I) the Applicable Margin that would have been payable for Adjusted
Eurodollar Rate applicable to such Loans plus (II) the greater of (1) the Adjusted Eurodollar Rate “floor” (i.e., 1.25%) and (2) the Adjusted Eurodollar Rate (assuming an Interest Period of three months in effect on the date on
which the applicable notice of repayment, prepayment, refinancing, replacement or repricing is given), in each case calculated as a rate per annum on the amount of the principal of such Loans repaid, prepaid, refinanced, replaced or repriced from
the date of such repayment, prepayment, refinancing, replacement or repricing until the first anniversary of the Closing Date plus (III) the prepayment premium on the amount of the principal of such Loans repaid, prepaid, refinanced, replaced or
repriced that would have been payable on such Loans had such repayment, prepayment, refinancing, replacement or repricing been made after the first anniversary of the Closing Date but on or prior to the second anniversary of the Closing Date (in
each case, computed on the basis of actual days elapsed over a year of 360 days and using a discount rate equal to the Treasury Rate as of such repayment, prepayment, refinancing, replacement or repricing date plus 50 basis points). After the first
anniversary of the Closing Date but prior to the third anniversary of the Closing Date, such repayment, prepayment, refinancing, replacement or repricing will be made with a prepayment premium in an amount equal to (x) 2.00% of the principal
amount repaid, prepaid, refinanced, replaced or repriced if such repayment, prepayment, refinancing, replacement or repricing occurs after the first anniversary of the Closing Date, but on or prior to the second anniversary of the Closing Date and
(y) 1.00% of the principal amount repaid, prepaid, refinanced, replaced or repriced if such repayment, prepayment, refinancing, replacement or repricing occurs after the second anniversary of the Closing Date but on or prior to the third
anniversary of the Closing Date. If all or any portion of the Loans held by any Lender is repaid, prepaid, refinanced or replaced pursuant to Section 2.20(c) as a result of, or in connection with, such Lender not agreeing or otherwise
consenting to any waiver, consent or amendment referred to in clause (ii) above (or otherwise in connection with a Repricing Transaction), such repayment, prepayment, refinancing or replacement will be made at the then applicable premium set
forth above for such repayment, prepayment, refinancing or replacement. 

  
 51 

 2.11. Mandatory Prepayments. 

(a) Asset Sales. Subject to the immediately following proviso, no later than the third Business Day following the date of receipt
by Holdings, Borrower or any of its Restricted Subsidiaries of any Net Asset Sale Proceeds from Asset Sales permitted under Section 6.7(c) or Asset Sales not otherwise permitted hereunder. Borrower shall prepay the Loans as set forth in
Section 2.12(b) in an aggregate amount equal to such Net Asset Sale Proceeds; provided, Borrower shall have the option, directly or through one or more of its Subsidiaries, to invest Net Asset Sale Proceeds within one year of receipt
thereof (or, if committed to be reinvested within such year, within one hundred eighty days thereafter) in long-term productive assets of the general type used in the business of Holdings, Borrower and its Restricted Subsidiaries; provided
further, pending any such investment all such Net Asset Sale Proceeds (i) exceeding $25.0 million in the aggregate or (ii) received during the continuance of an Event of Default shall be held in the Term Loan Asset Proceeds Account;
provided, however, that upon the waiver of the Event of Default referred to in the foregoing clause (ii), such Net Asset Sale Proceeds held in the Term Loan Asset Proceeds Account as a result of such Event of Default shall be promptly
released from the Term Loan Asset Proceeds Account and returned to Borrower to the extent not otherwise applied prior to such waiver. 
 (b) Insurance/Condemnation Proceeds. Subject to the immediately following proviso, no later than the third Business Day following the date of receipt by Holdings, Borrower or any of its Restricted
Subsidiaries, or Administrative Agent as loss payee, of any Net Insurance/Condemnation Proceeds, Borrower shall prepay the Loans as set forth in Section 2.12(b) in an aggregate amount equal to such Net Insurance/Condemnation Proceeds;
provided, Borrower shall have the option, directly or through one or more of its Subsidiaries to invest such Net Insurance/Condemnation Proceeds within one year of receipt thereof (or, if committed to be reinvested within such year, within
one hundred eighty days thereafter) in long-term productive assets of the general type used in the business of Holdings, Borrower and its Restricted Subsidiaries, which investment may include the repair, restoration or replacement of the affected
assets; provided further, pending any such investment all such Net Insurance/Condemnation Proceeds (i) exceeding $25.0 million in the aggregate or (ii) received during the continuance of an Event of Default shall be held in
the Term Loan Asset Proceeds Account; provided, however, that upon the waiver of the Event of Default referred to in the foregoing clause (ii), such Net Insurance/Condemnation Proceeds held in the Term Loan Asset Proceeds Account as a
result of such Event of Default shall be promptly released from the Term Loan Asset Proceeds Account and returned to Borrower to the extent not otherwise applied prior to such waiver. 

(c) Issuance of Debt. No later than the first Business Day following the date of receipt by Holdings, Borrower or any of its
Restricted Subsidiaries of any Cash proceeds from the incurrence of any Indebtedness of Holdings or any of its Restricted Subsidiaries (other than with respect to any Indebtedness permitted to be incurred pursuant to Section 6.1), Borrower
shall prepay the Loans as set forth in Section 2.12(b) in an aggregate amount equal to 100% of such proceeds, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal
fees and expenses. 

  
 52 

 (d) Consolidated Excess Cash Flow. In the event that there shall be Consolidated
Excess Cash Flow for any Fiscal Year (commencing with the Fiscal Year ending December 31, 2013), Borrower shall, no later than one hundred twenty days after the end of such Fiscal Year, prepay the Loans as set forth in Section 2.12(b) in
an aggregate amount equal to (i) 75% of such Consolidated Excess Cash Flow for the Fiscal Year ending December 31, 2013 and 50% of such Consolidated Excess Cash Flow for each Fiscal Year thereafter minus (ii) voluntary
repayments of the Loans or loans under the Revolving Credit Agreement made with Internally Generated Cash (excluding, for the avoidance of doubt, (x) repayments of loans under the Revolving Credit Agreement except to the extent the commitments
thereunder are permanently reduced in connection with such repayments (but only to the extent such reduced commitments are otherwise available under the most recently delivered borrowing base certificate), (y) the principal amount of Loans
repurchased pursuant to Section 10.6(i) and (z) repayments of Loans made with the Cash proceeds of any Refinancing Indebtedness); provided, that if, as of the last day of the most recently ended Fiscal Year (commencing with the
Fiscal Year ending December 31, 2014), the Net Leverage Ratio (determined for any such period by reference to the Compliance Certificate delivered pursuant to Section 5.1(c) calculating the Net Leverage Ratio as of the last day of such
Fiscal Year) shall be (1) less than or equal to 1.50:1.00 but greater than 1.00:1.00, Borrower shall only be required to make the prepayments otherwise required hereby in an amount equal to (i) 25% of such Consolidated Excess Cash Flow
minus (ii) voluntary repayments of the Loans or loans under the Revolving Credit Agreement made with Internally Generated Cash (excluding, for the avoidance of doubt, (x) repayments of loans under the Revolving Credit Agreement
except to the extent the commitments thereunder are permanently reduced in connection with such repayments (but only to the extent such reduced commitments are otherwise available under the most recently delivered borrowing base certificate),
(y) the principal amount of Loans repurchased pursuant to Section 10.6(i) and (z) repayments of Loans made with the Cash proceeds of any Refinancing Indebtedness) or (2) less than or equal to 1.00:1.00, Borrower shall not be
required to make the prepayments otherwise required hereby in respect of such Fiscal Year. 
 (e) Prepayment Certificate.
Concurrently with any prepayment of the Loans pursuant to Sections 2.11(a) through 2.11(d), Borrower shall deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net
proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Borrower shall promptly make an additional
prepayment of the Loans in an amount equal to such excess, and Borrower shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the derivation of such excess. 

(f) Revolving Credit Agreement. Notwithstanding anything to the contrary in Sections 2.11(a) and 2.11(b), if any Indebtedness under
the Revolving Credit Agreement is outstanding, to the extent a prepayment is required under the Revolving Credit Agreement due to any Net Asset Sale Proceeds or Net Insurance/Condemnation Proceeds constituting the proceeds of Revolving Collateral,
no prepayment shall be required under Sections 2.11(a) and 2.11(b). 

  
 53 

 2.12. Application of Prepayments. 

(a) Application of Voluntary Prepayments by Type of Loans. Any prepayment of any Loan pursuant to Section 2.10(a) shall be
applied as specified by Borrower in the applicable notice of prepayment; provided, in the event Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied to prepay the Loans on a pro
rata basis (in accordance with the respective outstanding principal amounts thereof); and further applied to reduce the scheduled remaining Installments of principal of the Loans in direct order of maturity. 

(b) Application of Mandatory Prepayments by Type of Loans. Any amount required to be paid pursuant to Sections 2.11(a) through
2.11(c) shall be applied to prepay Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and further applied to the remaining scheduled Installments of principal of the Loans first in direct order
of maturity to the next eight remaining Installments, second on a pro rata basis to the scheduled Installments remaining thereafter, and third to reduce the final Installment due on the Maturity Date. Any amount required to be paid
pursuant to Section 2.11(d) shall be applied to prepay Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and further applied to the remaining scheduled Installments of principal of the Loans
first to the next four remaining Installments on a pro rata basis, second on a pro rata basis to the scheduled Installments remaining thereafter, and third to reduce the final Installment due on the Maturity Date. 

(c) Application of Prepayments of Loans to Base Rate Loans and Eurodollar Rate Loans. Considering each Class of Loans being prepaid
separately, any prepayment thereof shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower
pursuant to Section 2.15(c). 
 2.13. General Provisions Regarding Payments. 

(a) All payments by Borrower of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without
defense, recoupment, setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than 12:00 p.m. (New York City time) on the date due at the Principal Office of Administrative Agent for the account
of Lenders; for purposes of computing interest and fees, funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Borrower on the next succeeding Business Day. 

(b) All payments in respect of the principal amount of any Loan shall be accompanied by payment of accrued interest on the principal
amount being repaid or prepaid, and all such payments (and, in any event, any payments in respect of any Loan on a date when interest is due and payable with respect to such Loan) shall be applied to the payment of interest then due and payable
before application to principal. 

  
 54 

 (c) Administrative Agent (or its agent or sub-agent appointed by it) shall promptly
distribute to each Lender at such address as such Lender shall indicate in writing, such Lender’s applicable Pro Rata Share of all payments and prepayments of principal and interest due hereunder, together with all other amounts due thereto,
including all fees payable with respect thereto, to the extent received by Administrative Agent. 
 (d) Notwithstanding the
foregoing provisions hereof, if any Conversion/ Continuation Notice is withdrawn as to any Affected Lender or if any Affected Lender makes Base Rate Loans in lieu of its Pro Rata Share of any Eurodollar Rate Loans, Administrative Agent shall give
effect thereto in apportioning payments received thereafter. 
 (e) Whenever any payment to be made hereunder with respect to any
Loan shall be stated to be due on a day that is not a Business Day, such payment shall be made on the next succeeding Business Day. 
 (f) Borrower hereby authorizes Administrative Agent to charge Borrower’s accounts with Administrative Agent in order to cause timely payment to be made to Administrative Agent of all principal,
interest, fees and expenses due hereunder (subject to sufficient funds being available in its accounts for that purpose). 
 (g)
Administrative Agent shall deem any payment by or on behalf of Borrower hereunder that is not made in same day funds on or prior to 12:00 p.m. (New York City time) to be a non-conforming payment. Any such payment shall not be deemed to have been
received by Administrative Agent until the later of (i) the time such funds become available funds, and (ii) the applicable next Business Day. Administrative Agent shall give prompt telephonic notice to Borrower and each applicable Lender
(confirmed in writing) if any payment is non-conforming. Any non-conforming payment may constitute or become a Default or Event of Default in accordance with the terms of Section 8.1(a). Interest shall continue to accrue on any principal as to
which a non-conforming payment is made until such funds become available funds (but in no event less than the period from the date of such payment to the next succeeding applicable Business Day) at the rate determined pursuant to Section 2.7
from the date such amount was due and payable until the date such amount is paid in full. 
 (h) If an Event of Default shall
have occurred and not otherwise been waived, and the maturity of the Obligations shall have been accelerated pursuant to Section 8.1 or there shall have occurred any sale of, any collection from, or other realization upon all or any part of the
Collateral, all payments or proceeds received by Agents in respect of any of the Obligations, shall be applied in accordance with the application arrangements described in Section 9.2 of the Pledge and Security Agreement. 

2.14. Ratable Sharing. Lenders hereby agree among themselves that if any of them shall, whether by voluntary payment (other than a
voluntary prepayment of Loans made and applied in accordance with the terms hereof), through the exercise of any right of set-off or banker’s lien, by counterclaim or cross action or by the enforcement of any right under the Credit Documents or
otherwise, or as adequate protection of a deposit treated as Cash collateral under the Bankruptcy Code, receive payment or reduction of a proportion of the aggregate amount of principal, interest, fees and other amounts then due and owing to such
Lender hereunder or under the other Credit Documents (collectively, the “Aggregate Amounts Due” to such Lender) which 

  
 55 

 
is greater than the proportion received by any other Lender in respect of the Aggregate Amounts Due to such other Lender, then the Lender receiving such proportionately greater payment shall
(a) notify Administrative Agent and each other Lender of the receipt of such payment and (b) apply a portion of such payment to purchase participations (which it shall be deemed to have purchased from each seller of a participation
simultaneously upon the receipt by such seller of its portion of such payment) in the Aggregate Amounts Due to the other Lenders so that all such recoveries of Aggregate Amounts Due shall be shared by all Lenders in proportion to the Aggregate
Amounts Due to them; provided, if all or part of such proportionately greater payment received by such purchasing Lender is thereafter recovered from such Lender upon the bankruptcy or reorganization of Borrower or otherwise, those purchases
shall be rescinded and the purchase prices paid for such participations shall be returned to such purchasing Lender ratably to the extent of such recovery, but without interest. Borrower expressly consents to the foregoing arrangement and agrees
that any holder of a participation so purchased may exercise any and all rights of banker’s lien, consolidation, set-off or counterclaim with respect to any and all monies owing by Borrower to that holder with respect thereto as fully as if
that holder were owed the amount of the participation held by that holder. The provisions of this Section 2.14 shall not be construed to apply to (a) any payment made by Borrower pursuant to and in accordance with the express terms of this
Agreement (including the application of funds arising from the existence of a Defaulting Lender) or (b) any payment obtained by any Lender as consideration for the assignment or sale of a participation in any of its Loans or other Obligations
owed to it. 
 2.15. Making or Maintaining Eurodollar Rate Loans. 

(a) Inability to Determine Applicable Interest Rate. In the event that Administrative Agent shall have determined (which
determination shall be final and conclusive and binding upon all parties hereto), on any Interest Rate Determination Date with respect to any Eurodollar Rate Loans, that by reason of circumstances affecting the London interbank market adequate and
fair means do not exist for ascertaining the interest rate applicable to such Loans on the basis provided for in the definition of “Adjusted Eurodollar Rate”, Administrative Agent shall on such date give notice (by telefacsimile or by
telephone confirmed in writing) to Borrower and each Lender of such determination, whereupon (i) no Loans may be made as, or converted to, Eurodollar Rate Loans until such time as Administrative Agent notifies Borrower and Lenders that the
circumstances giving rise to such notice no longer exist, and (ii) any Funding Notice or Conversion/Continuation Notice given by Borrower with respect to the Loans in respect of which such determination was made shall be deemed to be rescinded
by Borrower. 
 (b) Illegality or Impracticability of Eurodollar Rate Loans. In the event that on any date (i) any
Lender shall have determined (which determination shall be final and conclusive and binding upon all parties hereto) that the making, maintaining, converting to or continuation of its Eurodollar Rate Loans has become unlawful as a result of
compliance by such Lender in good faith with any law, treaty, governmental rule, regulation, guideline or order (or would conflict with any such treaty, governmental rule, regulation, guideline or order not having the force of law even though the
failure to comply therewith would not be unlawful), or (ii) Administrative Agent is advised by the Requisite Lenders (which 

  
 56 

 
determination shall be final and conclusive and binding upon all parties hereto) that the making, maintaining, converting to or continuation of its Eurodollar Rate Loans has become impracticable,
as a result of contingencies occurring after the date hereof which materially and adversely affect the London interbank market or the position of the Lenders in that market, then, and in any such event, such Lenders (or in the case of the preceding
clause (i), such Lender) shall be an “Affected Lender” and such Affected Lender shall on that day give notice (by e-mail or otherwise in writing) to Borrower and Administrative Agent of such determination (which notice
Administrative Agent shall promptly transmit to each other Lender). If Administrative Agent receives a notice from (x) any Lender pursuant to clause (i) of the preceding sentence or (y) Lenders constituting Requisite Lenders pursuant
to clause (ii) of the preceding sentence, then (1) the obligation of the Affected Lenders (or, in the case of any notice pursuant to clause (i) of the preceding sentence, such Affected Lender) to make Loans as, or to convert Loans to,
Eurodollar Rate Loans shall be suspended until such notice shall be withdrawn by each Affected Lender, (2) to the extent such determination by the Affected Lender relates to a Eurodollar Rate Loan then being requested by Borrower pursuant to a
Funding Notice or a Conversion/Continuation Notice, the Affected Lenders (or in the case of any notice pursuant to clause (i) of the preceding sentence, such Affected Lender) shall make such Loan as (or continue such Loan as or convert such
Loan to, as the case may be) a Base Rate Loan, (3) the Affected Lenders’ (or in the case of any notice pursuant to clause (i) of the preceding sentence, such Affected Lender’s) obligations to maintain their respective outstanding
Eurodollar Rate Loans (the “Affected Loans”) shall be terminated at the earlier to occur of the expiration of the Interest Period then in effect with respect to the Affected Loans or when required by law, and (4) the Affected
Loans shall automatically convert into Base Rate Loans on the date of such termination. Notwithstanding the foregoing, to the extent a determination by an Affected Lender or Affected Lenders as described above relates to a Eurodollar Rate Loan then
being requested by Borrower pursuant to a Funding Notice or a Conversion/Continuation Notice, Borrower shall have the option, subject (with respect to all Lenders that are not Affected Lenders) to the provisions of Section 2.15(c), to rescind
such Funding Notice or Conversion/Continuation Notice as to all Lenders by giving written notice to Administrative Agent of such rescission on the date on which such Affected Lender gives or Affected Lenders give notice of the determination as
described above (which notice of rescission Administrative Agent shall promptly transmit to each other Lender). 
 (c)
Compensation for Breakage or Non-Commencement of Interest Periods. Borrower shall compensate each Lender, upon written request by such Lender (which request shall set forth the basis for requesting such amounts), for all reasonable losses,
expenses and liabilities (including any interest paid or payable by such Lender to Lenders of funds borrowed by it to make or carry its Eurodollar Rate Loans and any loss, expense or liability sustained by such Lender in connection with the
liquidation or re-employment of such funds but excluding loss of anticipated profits) which such Lender may sustain: (i) if for any reason (other than a default by such Lender) a borrowing of any Eurodollar Rate Loan does not occur on a date
specified therefor in a Funding Notice, or a conversion to or continuation of any Eurodollar Rate Loan does not occur on a date specified therefor in a Conversion/Continuation Notice; (ii) if any prepayment or other principal payment of, or any
conversion of, any of its Eurodollar Rate Loans occurs on a date prior to the last day of an Interest Period applicable to that Loan; or (iii) if any prepayment of any of its Eurodollar Rate Loans is not made on any date specified in a notice
of prepayment given by Borrower. 

  
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 (d) Booking of Eurodollar Rate Loans. Any Lender may make, carry or transfer
Eurodollar Rate Loans at, to, or for the account of any of its branch offices or the office of an Affiliate of such Lender. 

(e) Assumptions Concerning Funding of Eurodollar Rate Loans. Calculation of all amounts payable to a Lender under this
Section 2.15 and under Section 2.16 shall be made as though such Lender had actually funded each of its relevant Eurodollar Rate Loans through the purchase of a Eurodollar deposit bearing interest at the rate obtained pursuant to clause
(i) of the definition of “Adjusted Eurodollar Rate” in an amount equal to the amount of such Eurodollar Rate Loan and having a maturity comparable to the relevant Interest Period and through the transfer of such Eurodollar deposit
from an offshore office of such Lender to a domestic office of such Lender in the United States of America; provided, however, each Lender may fund each of its Eurodollar Rate Loans in any manner it sees fit and the foregoing
assumptions shall be utilized only for the purposes of calculating amounts payable under this Section 2.15 and under Section 2.16. 
 2.16. Increased Costs; Capital Adequacy. 
 (a) Compensation For Increased
Costs and Taxes. Subject to the provisions of Section 2.17 (which shall be controlling with respect to the matters covered thereby), in the event that any Lender shall determine (which determination shall, absent manifest error, be final
and conclusive and binding upon all parties hereto) that (A) any law, treaty or governmental rule, regulation or order, or any change therein or in the interpretation, administration or application thereof (regardless of whether the underlying
law, treaty or governmental rule, regulation or order was issued or enacted prior to the date hereof), including the introduction of any new law, treaty or governmental rule, regulation or order (but excluding solely proposals thereof), or any
determination of a court or Governmental Authority, in each case that becomes effective after the date hereof, or (B) any guideline, request or directive by any central bank or other governmental or quasi-governmental authority (whether or not
having the force of law) or any implementation of rules or interpretations of previously issued guidelines, requests or directives, in each case that is issued or made after the date hereof: (i) subjects such Lender (or its applicable lending
office) or any company controlling such Lender to any additional Tax (other than (x) Indemnified Taxes covered by Section 2.17, (y) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes, and
(z) Income Taxes) (with respect to this Agreement or any of the other Credit Documents or any of its obligations hereunder or thereunder or any payments to such Lender (or its applicable lending office) of principal, interest, fees or any other
amount payable hereunder; (ii) imposes, modifies or holds applicable any reserve (including any marginal, emergency, supplemental, special or other reserve), special deposit, liquidity, compulsory loan, FDIC insurance or similar requirement
against assets held by, or deposits or other liabilities in or for the account of, or advances or loans by, or other credit extended by, or any other acquisition of funds by, any office of such Lender (other than any such reserve or other
requirements with respect to Eurodollar Rate Loans that are reflected in the definition of “Adjusted Eurodollar Rate”) or any company controlling such Lender; or (iii) imposes any

  
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other condition (other than with respect to a Tax matter) on or affecting such Lender (or its applicable lending office) or any company controlling such Lender or such Lender’s obligations
hereunder or the London interbank market; and the result of any of the foregoing is to increase the cost to such Lender of agreeing to make, making or maintaining Loans hereunder or to reduce any amount received or receivable by such Lender (or its
applicable lending office) with respect thereto; then, in any such case, Borrower shall pay to such Lender, within five Business Days after receipt by Borrower from such Lender of the statement referred to in the next sentence, such additional
amount or amounts (in the form of an increased rate of, or a different method of calculating, interest or in a lump sum or otherwise as such Lender in its sole discretion shall determine) as may be necessary to compensate such Lender for any such
increased cost or reduction in amounts received or receivable hereunder. Such Lender shall deliver to Borrower (with a copy to Administrative Agent) a written statement, setting forth in reasonable detail the basis for calculating the additional
amounts owed to such Lender under this Section 2.16(a), which statement shall be conclusive and binding upon all parties hereto absent manifest error. 
 (b) Capital Adequacy Adjustment. In the event that any Lender shall have determined (which determination shall, absent manifest error, be final and conclusive and binding upon all parties hereto)
that (A) the adoption, effectiveness, phase-in or applicability of any law, rule or regulation (or any provision thereof) regarding capital adequacy, or any change therein or in the interpretation or administration thereof by any Governmental
Authority, central bank or comparable agency charged with the interpretation or administration thereof, or (B) compliance by any Lender (or its applicable lending office) or any company controlling such Lender with any guideline, request or
directive regarding capital adequacy or liquidity (whether or not having the force of law) of any such Governmental Authority, central bank or comparable agency, in each case after the date hereof, has or would have the effect of reducing the rate
of return on the capital of such Lender or any company controlling such Lender as a consequence of, or with reference to, such Lender’s Loans or other obligations hereunder with respect to the Loans to a level below that which such Lender or
such controlling company could have achieved but for such adoption, effectiveness, phase-in, applicability, change or compliance (taking into consideration the policies of such Lender or such controlling company with regard to capital adequacy),
then from time to time, within five Business Days after receipt by Borrower from such Lender of the statement referred to in the next sentence, Borrower shall pay to such Lender such additional amount or amounts as will compensate such Lender or
such controlling company on an after-tax basis for such reduction. Such Lender shall deliver to Borrower (with a copy to Administrative Agent) a written statement, setting forth in reasonable detail the basis for calculating the additional amounts
owed to Lender under this Section 2.16(b), which statement shall be conclusive and binding upon all parties hereto absent manifest error. For the avoidance of doubt, subsections (a) and (b) of this Section 2.16 shall apply to all
requests, rules, guidelines or directives concerning liquidity and capital adequacy issued by any United States regulatory authority (i) under or in connection with the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection
Act and (ii) in connection with the implementation of the recommendations of the Bank for International Settlements or the Basel Committee on Banking Regulations and Supervisory Practices (or any successor or similar authority), regardless of
the date adopted, issued, promulgated or implemented. 

  
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 2.17. Taxes; Withholding, Etc. 

(a) Payments to Be Free and Clear. All sums payable by or on behalf of any Credit Party hereunder and under the other Credit
Documents shall (except to the extent required by law or otherwise provided in this Section 2.17) be paid free and clear of, and without any deduction or withholding on account of, any Tax imposed, levied, collected, withheld or assessed by any
Governmental Authority. 
 (b) Withholding of Taxes. If any Credit Party or any other Person (acting as a withholding
agent) is (in such withholding agent’s reasonable good faith discretion) required by law to make any deduction or withholding on account of any such Tax from any sum paid or payable by any Credit Party to Administrative Agent or any Lender
under any of the Credit Documents: (i) Borrower shall notify Administrative Agent of any such requirement or any change in any such requirement as soon as Borrower becomes aware of it; (ii) Borrower shall pay, or cause to be paid, any such
Tax before the date on which penalties attach thereto, such payment to be made (if the liability to pay is imposed on any Credit Party) for its own account or (if that liability is imposed on Administrative Agent or such Lender, as the case may be)
on behalf of and in the name of Administrative Agent or such Lender; (iii) to the extent such Taxes required to be deducted are Indemnified Taxes, the sum payable by such Credit Party in respect of which the relevant deduction, withholding or
payment is required shall be increased to the extent necessary to ensure that, after the making of that deduction, withholding or payment, Administrative Agent or such Lender, as the case may be, receives on the due date a net sum equal to what it
would have received had no such deduction, withholding or payment been required or made; and (iv) within thirty days after the due date of payment of any Tax which it is required by clause (ii) above to pay, Borrower shall deliver to
Administrative Agent evidence satisfactory to the other affected parties of such deduction, withholding or payment and of the remittance thereof to the relevant taxing or other authority. 

(c) Evidence of Exemption From U.S. Withholding Tax. Each Lender that is not a United States person (as such term is defined in
Section 7701(a)(30) of the Internal Revenue Code) for U.S. federal income tax purposes (a “Non-US Lender”) shall, to the extent such Lender is legally able to do so, deliver to Administrative Agent for transmission to Borrower,
on or prior to the Closing Date (in the case of each Lender listed on the signature pages hereof on the Closing Date) or on or prior to the date of the Assignment Agreement pursuant to which it becomes a Lender (in the case of each other Lender),
and at such other times as may be necessary in the determination of Borrower or Administrative Agent (each in the reasonable exercise of its discretion), (i) two original copies of Internal Revenue Service Form W-8BEN, W-8ECI, W-8EXP and/or
W-8IMY (or, in each case, any successor forms), properly completed and duly executed by such Lender, and such other documentation required under the Internal Revenue Code and reasonably requested by Borrower to establish that such Lender is not
subject to (or is subject to a reduced rate of) deduction or withholding of United States federal income tax with respect to any payments to such Lender of principal, interest, fees or other amounts payable under any of the Credit Documents, or
(ii) if such Lender is not a “bank” or other Person described in Section 881(c)(3) of the Internal Revenue Code, a Certificate re Non-Bank Status together with two original copies of Internal Revenue Service Form W-8BEN (or any
successor form), properly completed and duly executed by such 

  
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Lender, and such other documentation required under the Internal Revenue Code and reasonably requested by Borrower to establish that such Lender is not subject to (or is subject to a reduced rate
of) deduction or withholding of United States federal income tax with respect to any payments to such Lender of interest payable under any of the Credit Documents. Each Lender that is a United States person (as such term is defined in
Section 7701(a)(30) of the Internal Revenue Code) for United States federal income tax purposes (a “U.S. Lender”) and is not an exempt recipient within the meaning of Treasury Regulation Section 1.6049-4(c) shall deliver
to Administrative Agent and Borrower on or prior to the Closing Date (or, if later, on or prior to the date on which such Lender becomes a party to this Agreement) two original copies of Internal Revenue Service Form W-9 (or any successor form),
properly completed and duly executed by such Lender, certifying that such U.S. Lender is entitled to an exemption from United States backup withholding tax, or otherwise prove that it is entitled to such an exemption. Each Lender required to deliver
any forms, certificates or other evidence with respect to United States federal income tax withholding matters pursuant to this Section 2.17(c) hereby agrees, from time to time after the initial delivery by such Lender of such forms,
certificates or other evidence, whenever a lapse in time or change in circumstances renders such forms, certificates or other evidence obsolete or inaccurate in any material respect, that such Lender shall promptly deliver to Administrative Agent
for transmission to Borrower two new original copies of Internal Revenue Service Form W-8BEN, W-8ECI, W-8EXP, W-8IMY and/or W-9 (or, in each case, any successor form), or a Certificate re Non-Bank Status and two original copies of Internal Revenue
Service Form W-8BEN (or any successor form), as the case may be, properly completed and duly executed by such Lender, and such other documentation required under the Internal Revenue Code and reasonably requested by Borrower to confirm or establish
that such Lender is not subject to deduction or withholding of United States federal income tax with respect to payments to such Lender under the Credit Documents, or notify Administrative Agent and Borrower of its inability to deliver any such
forms, certificates or other evidence. Borrower shall not be required to pay any additional amount to any Non-US Lender under Section 2.17(b)(iii) if such Lender shall have failed (1) to deliver the forms, certificates or other evidence
required by the first sentence of this Section 2.17(c) or (2) to notify Administrative Agent and Borrower of its inability to deliver any such forms, certificates or other evidence, as the case may be; provided, if such Lender shall
have satisfied the requirements of the first sentence of this Section 2.17(c) on the Closing Date or on the date of the Assignment Agreement pursuant to which it became a Lender, as applicable, nothing in this last sentence of
Section 2.17(c) shall relieve Borrower of its obligation to pay any additional amounts pursuant this Section 2.17 in the event that, as a result of any change in any applicable law, treaty or governmental rule, regulation or order, or any
change in the interpretation, administration or application thereof, such Lender is no longer properly entitled to deliver forms, certificates or other evidence at a subsequent date establishing the fact that such Lender is not subject to
withholding as described herein. 
 (d) If a payment made to a Lender under any Loan Document would be subject to U.S. federal
withholding tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the
Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation 

  
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prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative
Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct
and withhold from such payment. Solely for purposes of this clause (d), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 
 (e) Without limiting the provisions of Section 2.17(b), Borrower shall timely pay all Other Taxes to the relevant Governmental Authorities in accordance with applicable law. Borrower shall deliver to
Administrative Agent official receipts or other evidence of such payment reasonably satisfactory to Administrative Agent in respect of any Other Taxes payable hereunder promptly after payment of such Other Taxes. 

(f) Borrower shall indemnify Administrative Agent and any Lender for the full amount of Indemnified Taxes arising in connection with
payments made under this Agreement or any other Credit Document (including any such Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 2.17) paid by Administrative Agent or Lender or any of their
respective Affiliates and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount
of such payment or liability delivered to such Credit Party shall be conclusive absent manifest error. Such payment shall be due within thirty (30) days of such Credit Party’s receipt of such certificate. 

(g) If any party determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has
been indemnified pursuant to this Section 2.17 (including additional amounts pursuant to this Section 2.17), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under
this Section 2.17 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority
with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this paragraph (g) (plus any penalties, interest or other charges imposed
by the relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (g), in no event will the indemnified party
be required to pay any amount to an indemnifying party pursuant to this paragraph (g) the payment of which would place the indemnified party in a less favorable net after-tax position than the indemnified party would have been in if the
indemnification payments or additional amounts giving rise to such refund had never been paid. This paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes
that it deems confidential) to the indemnifying party or any other Person. 

  
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 2.18. Obligation to Mitigate. Each Lender agrees that, as promptly as practicable
after the officer of such Lender responsible for administering its Loans becomes aware of the occurrence of an event or the existence of a condition that would cause such Lender to become an Affected Lender or that would entitle such Lender to
receive payments under Section 2.15, 2.16 or 2.17, it will, to the extent not inconsistent with the internal policies of such Lender and any applicable legal or regulatory restrictions, use reasonable efforts to (a) make, issue, fund or
maintain its Loans, including any Affected Loans, through another office of such Lender, or (b) take such other measures as such Lender may deem reasonable, if as a result thereof the circumstances which would cause such Lender to be an
Affected Lender would cease to exist or the additional amounts which would otherwise be required to be paid to such Lender pursuant to Section 2.15, 2.16 or 2.17 would be materially reduced and if, as determined by such Lender in its sole
discretion, the making, issuing, funding or maintaining of such Loans through such other office or in accordance with such other measures, as the case may be, would not otherwise adversely affect such Loans or the interests of such Lender;
provided, such Lender will not be obligated to utilize such other office pursuant to this Section 2.18 unless Borrower agrees to pay all incremental expenses incurred by such Lender as a result of utilizing such other office as described
above. A certificate as to the amount of any such expenses payable by Borrower pursuant to this Section 2.18 (setting forth in reasonable detail the basis for requesting such amount) submitted by such Lender to Borrower (with a copy to
Administrative Agent) shall be conclusive absent manifest error. 
 2.19. Defaulting Lenders. 

(a) Defaulting Lender Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a
Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 
 (i) Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts received by Administrative Agent for the account of such Defaulting Lender (whether voluntary or
mandatory, at maturity, pursuant to Section 8 or otherwise) or received by Administrative Agent from a Defaulting Lender pursuant to Section 10.4 shall be applied at such time or times as may be determined by Administrative Agent as
follows: first, to the payment of any amounts owing by such Defaulting Lender to Administrative Agent hereunder; second, as Borrower may request (so long as no Default or Event of Default shall have occurred and be continuing), to the
funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by Administrative Agent; third, to the payment of any amounts owing to the Lenders as a result
of a judgment of a court of competent jurisdiction obtained by any Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; fourth, so long as no Default or Event of
Default shall have occurred and be continuing, to the payment of any amounts owing to Borrower as a result of any judgment of a court of competent jurisdiction obtained by Borrower against such Defaulting Lender as a result of such Defaulting
Lender’s breach of its obligations under this Agreement; and fifth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction. Any payments, prepayments or other amounts paid or payable to a Defaulting
Lender that are applied (or held) to pay amounts owed by a Defaulting Lender shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

  
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 (b) Defaulting Lender Cure. If Borrower and Administrative Agent agree in writing
that a Lender is no longer a Defaulting Lender, Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein, that Lender will, to the extent
applicable, fund any Loans that such Lender has failed to fund, whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf
of Borrower while that Lender was a Defaulting Lender; and provided further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or
release of any claim of any party hereunder arising from that Lender having been a Defaulting Lender. 
 (c) Lender
Counterparties. So long as any Lender is a Defaulting Lender, such Lender shall not be a Lender Counterparty with respect to any Hedge Agreement entered into while such Lender was a Defaulting Lender. 

2.20. Removal or Replacement of a Lender. Anything contained herein to the contrary notwithstanding, in the event that:
(a) (i) any Lender (an “Increased-Cost Lender”) shall give notice to Borrower that such Lender is an Affected Lender or that such Lender is entitled to receive payments under Section 2.15, 2.16 or 2.17, (ii) the
circumstances which have caused such Lender to be an Affected Lender or which entitle such Lender to receive such payments shall remain in effect, and (iii) such Lender shall fail to withdraw such notice within five Business Days after
Borrower’s request for such withdrawal; or (b) (i) any Lender shall become a Defaulting Lender, and (ii) such Defaulting Lender shall fail to cure the default pursuant to Section 2.19(b) within five Business Days after
Borrower’s request that it cure such default; or (c) in connection with any proposed amendment, modification, termination, waiver or consent with respect to any of the provisions hereof as contemplated by Section 10.5(b), the consent
of Requisite Lenders shall have been obtained but the consent of one or more of such other Lenders (each a “Non-Consenting Lender”) whose consent is required shall not have been obtained; then, with respect to each such
Increased-Cost Lender, Defaulting Lender or Non-Consenting Lender (the “Terminated Lender”), Borrower may, by giving written notice to Administrative Agent and any Terminated Lender of its election to do so, elect to cause such
Terminated Lender (and such Terminated Lender hereby irrevocably agrees) to assign its outstanding Loans in full to one or more Eligible Assignees (each a “Replacement Lender”) in accordance with the provisions of Section 10.6
and Borrower shall pay the fees, if any, payable thereunder in connection with any such assignment from an Increased-Cost Lender, a Non-Consenting Lender or a Defaulting Lender; provided, (1) on the date of such assignment, the
Replacement Lender shall pay to Terminated Lender an amount equal to the sum of an amount equal to the principal of, and all accrued interest on, all outstanding Loans of the Terminated Lender; (2) on the date of such assignment, Borrower shall
pay any amounts payable to such Terminated Lender pursuant to Section 2.15(c), 2.16 or 2.17; or otherwise as if it were a prepayment (including for purposes of Section 2.10(b)) and (3) in the event such Terminated Lender is a
Non-Consenting Lender, each Replacement Lender shall consent, at the time of such assignment, to each matter in respect of which such Terminated Lender was a Non-Consenting Lender. Upon the prepayment of all amounts owing to any Terminated Lender,
such Terminated Lender shall no longer constitute a “Lender” for purposes hereof; provided, any rights of such Terminated Lender to indemnification hereunder shall survive as to such Terminated Lender. 

  
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Each Lender agrees that if Borrower exercises its option hereunder to cause an assignment by such Lender as a Non-Consenting Lender or Terminated Lender, such Lender shall, promptly after receipt
of written notice of such election, execute and deliver all documentation necessary to effectuate such assignment in accordance with Section 10.6. In the event that a Lender does not comply with the requirements of the immediately preceding
sentence within one Business Day after receipt of such notice, each Lender hereby authorizes and directs Administrative Agent to execute and deliver such documentation as may be required to give effect to an assignment in accordance with
Section 10.6 on behalf of a Non-Consenting Lender or Terminated Lender and any such documentation so executed by Administrative Agent shall be effective for purposes of documenting an assignment pursuant to Section 10.6. 

2.21. Incremental Facilities. Borrower may by written notice to the Administrative Agent elect to request prior to the Maturity
Date, the establishment of one or more new term loan commitments (the “New Term Loan Commitments”), by an amount not in excess of the Permitted Pari Incremental Amount in the aggregate and not less than $10,000,000 individually (or
such lesser amount which shall be approved by Administrative Agent), and integral multiples of $5,000,000 in excess of that amount. Each such notice shall specify (A) the date (each, an “Increased Amount Date”) on which
Borrower proposes that the New Term Loan Commitments shall be effective, which shall be a date not less than five Business Days after the date on which such notice is delivered to the Administrative Agent and (B) the identity of each Lender or
other Person that is an Eligible Assignee (each, a “New Term Loan Lender”) to whom Borrower proposes any portion of such New Term Loan Commitments be allocated and the amounts of such allocations; provided that any Arranger
and the Administrative Agent approached to arrange such New Term Loan Commitments may elect or decline, in their sole discretion, to arrange such New Term Loan Commitments and any Lender approached to provide all or a portion of the New Term Loan
Commitments may elect or decline, in its sole discretion, to provide a New Term Loan Commitment. Such New Term Loan Commitments shall become effective, as of such Increased Amount Date; provided that (1) no Default or Event of Default
shall exist on such Increased Amount Date before or after giving effect to such New Term Loan Commitments; (2) both before and after giving effect to the making of any Series of New Term Loans, the representations and warranties contained
herein and in the other Credit Documents shall be true and correct in all material respects on and as of such Increased Amount Date to the same extent as though made on and as of that date, except to the extent such representations and warranties
specifically relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects on and as of such earlier date; provided that, in each case, such materiality qualifier shall
not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; (3) the New Term Loan Commitments shall be effected pursuant to one or more Joinder Agreements executed and
delivered by Borrower, the New Term Loan Lenders and Administrative Agent, and each of which shall be recorded in the Register and each New Term Loan Lender shall be subject to the requirements set forth in Section 2.17(c); and
(4) Borrower shall deliver or cause to be delivered any legal opinions or other documents reasonably requested by Administrative Agent in connection with any such transaction. Any New Term Loans made on an Increased Amount Date shall be
designated a separate series (a “Series”) of New Term Loans for all purposes of this Agreement. 

  
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 On any Increased Amount Date on which any New Term Loan Commitments of any Series are
effective, subject to the satisfaction of the foregoing terms and conditions, (i) each New Term Loan Lender of any Series shall make a Loan to Borrower (a “New Term Loan”) in an amount equal to its New Term Loan Commitment of
such Series, and (ii) each New Term Loan Lender of any Series shall become a Lender hereunder with respect to the New Term Loan Commitment of such Series and the New Term Loans of such Series made pursuant thereto. 

Administrative Agent shall notify Lenders promptly upon receipt of Borrower’s notice of each Increased Amount Date and, in respect
thereof, the Series of New Term Loan Commitments and the New Term Loan Lenders of such Series. 
 The terms and provisions of
the New Term Loans and New Term Loan Commitments of any Series shall be as set forth herein or in the Joinder Agreement. In any event (i) the weighted average life to maturity of all New Term Loans of any Series shall be no shorter than the
weighted average life to maturity of the Term Loans, (ii) the applicable Maturity Date of each Series shall be no earlier than the Maturity Date of the Term Loans, (iii) the Weighted Average Yield applicable to the New Term Loans of each
Series shall be determined by Borrower and the applicable new Lenders and shall be set forth in each applicable Joinder Agreement; provided, however, that the Weighted Average Yield applicable to the New Term Loans shall not be greater
than the applicable Weighted Average Yield payable pursuant to the terms of this Agreement as amended through the date of such calculation with respect to Term Loans plus 0.50% per annum unless the interest rate with respect to the Term
Loan is increased so as to cause the then applicable Weighted Average Yield under this Agreement on the Term Loans to equal the Weighted Average Yield then applicable to the New Term Loans minus 0.50% per annum; and (iv) all other
terms of the New Term Loans and New Term Loan Commitments, if not consistent with the terms of the Term Loans must be reasonably acceptable to the Administrative Agent. Each Joinder Agreement may, without the consent of any other Lenders, effect
such amendments to this Agreement and the other Credit Documents as may be necessary or appropriate, in the opinion of Administrative Agent to effect the provision of this Section 2.21. 

2.22. Extensions of Loans. 
 (a) Borrower may from time to time, pursuant to the provisions of this Section 2.22, agree with one or more Lenders holding Loans and Commitments of any Class to extend the maturity date and to
provide for other terms consistent with this Section 2.22 (each such modification, an “Extension”) pursuant to one or more written offers (each an “Extension Offer”) made from time to time by Borrower to all
Lenders under any Class that is proposed to be extended under this Section 2.22, in each case on a pro rata basis (based on the relative principal amounts of the outstanding Loans of each Lender in such Class) and on the same terms to each such
Lender. In connection with each Extension, Borrower will provide notification to the Administrative Agent (for distribution to the Lenders of the applicable Class), no later than 30 days prior to the maturity of the applicable Class or Classes to be
extended of the requested new maturity date for the Extended Loans of each such Class (each, an “Extended Maturity Date”) and the due date for Lender responses. In connection with any Extension, each Lender of the applicable Class
wishing to participate in such Extension shall, prior to such due date, provide Administrative Agent with a written notice thereof in a form 

  
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reasonably satisfactory to Administrative Agent. Any Lender that does not respond to an Extension Offer by the applicable due date shall be deemed to have rejected such Extension. In connection
with any Extension, Borrower shall agree to such procedures, if any, as may be reasonably established by, or acceptable to, Administrative Agent to accomplish the purposes of this Section 2.22. 

(b) After giving effect to any Extension, the Loans so extended shall cease to be a part of the Class that they were a part of immediately
prior to the Extension and shall be a new Class hereunder; provided that at no time shall there be more than five different Classes of Loans. 
 (c) The consummation and effectiveness of each Extension shall be subject to the following: 
 (i) the Loans of any Lender extended pursuant to any Extension (“Extended Loans”) shall have the same terms as the Class of Loans subject to the related Extension Amendment (
“Existing Loans”); except (A) the final maturity date of any Extended Loans of a Class to be extended pursuant to an Extension shall be later than the Maturity Date of the Class of Existing Loans subject to the related
Extension Amendment, and the weighted average life to maturity of any Extended Loans of a Class to be extended pursuant to an Extension shall be no shorter than the weighted average life to maturity of the Class of Existing Loans subject to the
related Extension Amendment; (B) the all-in pricing (including, without limitation, margins, fees and premiums) with respect to the Extended Loans may be higher or lower than the all-in pricing (including, without limitation, margins, fees and
premiums) for the Existing Loans; (C) no repayment of any Extended Loans shall be permitted unless such repayment is accompanied by an at least pro rata repayment of all earlier maturing Loans (including previously extended Loans) (or all
earlier maturing Loans (including previously extended Loans) shall otherwise be or have been terminated and repaid in full); (D) the Extended Loans may contain a “most favored nation” provision for the benefit of Lenders holding
Extended Loans; and (E) the other terms and conditions applicable to Extended Loans may be terms different than those with respect to the Existing Loans so long as such terms and conditions only apply after the Latest Maturity Date;
provided further, each Extension Amendment may, without the consent of any Lender other than the applicable extending Lenders, effect such amendments to this Agreement and the other Credit Documents as may be necessary or appropriate,
in the opinion of the Administrative Agent and Borrower, to give effect to the provisions of this Section 2.22, including any amendments necessary to treat the applicable Loans and/or Commitments of the extending Lenders as a new
“Class” of loans and/or commitments hereunder; provided however, no Extension Amendment may provide for any Class of Extended Loans to be secured by any Collateral or other assets of any Credit Party that does not also secure the
Existing Loans; 
 (ii) all documentation in respect of such Extension shall be consistent with the foregoing,
and all written communications by Borrower generally directed to the applicable Lenders under the applicable Class in connection therewith shall be in form and substance consistent with the foregoing and otherwise reasonably satisfactory to
Administrative Agent; 

  
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 (iii) a minimum amount in respect of such Extension (to be determined in
Borrower’s discretion and specified in the relevant Extension Offer, but in no event less than $25,000,000, unless another amount is agreed to by Administrative Agent) shall be satisfied; and 

(iv) no Extension shall become effective unless, on the proposed effective date of such Extension, (x) no Default or
Event of Default shall exist on such date before or after giving effect to such Extension, (y) both before and after giving effect to such Extension, the representations and warranties contained herein and in the other Credit Documents shall be
true and correct in all material respects on and as of such date to the same extent as though made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier date, in which case such
representations and warranties shall have been true and correct in all material respects on and as of such earlier date; provided that, in each case, such materiality qualifier shall not be applicable to any representations and warranties
that already are qualified or modified by materiality in the text thereof, and (z) Administrative Agent shall have received a certificate certifying as to the conditions set forth in the foregoing clauses (x) and (y) dated the
applicable date of such Extension and executed by an Authorized Officer of Borrower. 
 (d) For the avoidance of doubt, it is
understood and agreed that the provisions of Section 2.14 and Section 10.5 will not apply to Extensions of Loans pursuant to Extension Offers made pursuant to and in accordance with the provisions of this Section 2.22, including to
any payment of interest or fees in respect of any Extended Loans that have been extended pursuant to an Extension at a rate or rates different from those paid or payable in respect of Loans of any other Class, in each case as is set forth in the
relevant Extension Amendment. 
 (e) No Lender who rejects any request for an Extension shall be deemed a Non-Consenting Lender
for purposes of Section 2.20; provided, however, that if so requested by Borrower in an Extension Offer, Requisite Lenders may approve an amendment to have such Lenders be deemed Non-Consenting Lenders and subject to the terms and
conditions of Section 2.20. 
 (f) The Lenders hereby irrevocably authorize Administrative Agent to enter into amendments
(collectively, “Extension Amendments”) to this Agreement and the other Credit Documents as may be necessary in order to establish new Classes of Loans created pursuant to an Extension, in each case on terms consistent with this
Section 2.22. Without limiting the foregoing, in connection with any Extension, (i) the appropriate Credit Parties shall (at their expense) amend (and Administrative Agent is hereby directed to amend) any Mortgage (or any other Credit
Document that Administrative Agent or Collateral Agent reasonably requests to be amended to reflect an Extension) that has a maturity date prior to the latest Extended Maturity Date so that such maturity date is extended to the then latest Extended
Maturity Date and (ii) Borrower shall deliver board resolutions, secretary’s certificates, officer’s certificates and other documents consistent with those delivered on the Closing Date

  
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as shall reasonably be requested by the Administrative Agent in connection therewith and, to the extent reasonably requested by the Administrative Agent, a legal opinion of counsel reasonably
acceptable to the Administrative Agent (i) as to the enforceability of such Extension Amendment, this Agreement as amended thereby, and such of the other Credit Documents (if any) as may be amended thereby and (ii) to the effect that such
Extension Amendment, including without limitation, the Extended Loans provided for therein, does not conflict with or violate the terms and provisions of Section 10.5. 
 (g) Promptly following the consummation and effectiveness of any Extension, Administrative Agent shall promptly furnish to each Lender a copy of the fully executed Extension Amendment. 

SECTION 3. CONDITIONS PRECEDENT 
 3.1. Closing Date. The obligation of each Lender to make a Loan on the Closing Date is subject to the satisfaction, or waiver in accordance with Section 10.5, of the following conditions on or
before the Closing Date: 
 (a) Credit Documents. Administrative Agent and each Arranger shall have received from each
applicable Credit Party an executed counterpart (which may be by facsimile or electronic image scan transmission) of each Credit Document to be entered into on the Closing Date. 

(b) Organizational Documents; Incumbency. Administrative Agent and each Arranger shall have received, in respect of each Credit
Party, a certificate of such Credit Party executed by the secretary or assistant secretary of such Credit Party and attaching (i) a copy of each Organizational Document of such Credit Party certified as of the Closing Date or a recent date
prior thereto by the appropriate Governmental Authority, to the extent applicable; (ii) signature and incumbency certificates of the officers of such Credit Party; (iii) resolutions of the board of directors or similar governing body of
such Credit Party approving and authorizing the execution, delivery and performance of this Agreement and the other Credit Documents and the Related Agreements to which it is a party or by which it or its assets may be bound as of the Closing Date,
certified as of the Closing Date by such secretary or assistant secretary as being in full force and effect without modification or amendment; (iv) a good standing certificate from the applicable Governmental Authority of such Credit
Party’s jurisdiction of incorporation, organization or formation and in each material jurisdiction in which it is qualified as a foreign corporation or other entity to do business, each dated the Closing Date or a recent date prior thereto; and
(v) signature and incumbency certificates of one or more officers of Borrower who are authorized to execute Notices delivered under this Agreement, in substantially the form of Exhibit O (with such amendments or modifications as may be approved
by Administrative Agent) (the “Administrative Incumbency Certificate”). 
 (c) Organizational and Capital
Structure. The organizational structure and capital structure of Borrower and its Subsidiaries, after giving effect to the transactions contemplated by this Agreement and the Related Agreements to occur on the Closing Date, shall be as set forth
on Schedule 4.1. 

  
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 (d) Bankruptcy Matters. 

(i) All documents and agreements relating to the Reorganization Plan or the consummation thereof (collectively, the
“Plan Documents”) shall be in form and substance reasonably satisfactory to each of the Arrangers (it being acknowledged by each of the Arrangers that the draft Reorganization Plan delivered to the Arrangers on October 28, 2012
at 3:50 p.m., New York City time, is satisfactory to each Arranger), and no provision of the Reorganization Plan or any Plan Document shall have been waived, amended, supplemented or otherwise modified in any respect that is materially adverse to
the rights and interest of any or all of the Arrangers, the Administrative Agent and the Lenders and their respective affiliates (as determined in good faith by each of the Arrangers) unless each of the Arrangers have so consented in writing;
provided, however, in order to pay the First Lien Notes Cash (as defined in the Reorganization Plan), the Credit Parties shall have no less than $20.0 million of Unrestricted Cash on hand (without giving effect to any draw under the Revolving
Credit Agreement) after taking into consideration the funding of the Term Loans and the payment of such First Lien Notes Cash. 
 (ii) The Bankruptcy Court shall have entered a final and non-appealable order (the “Confirmation Order”) confirming the Reorganization Plan for Borrower and the Guarantors that are
Debtors, which Confirmation Order shall be in form and substance reasonably acceptable to each of the Arrangers and shall not contain any terms and conditions that are materially adverse to the rights and interest of any or all of the Arrangers, the
Administrative Agent, the Lenders and their respective affiliates (as determined in good faith by each of the Arrangers) unless each of the Arrangers have so consented in writing; provided, however, upon receipt of (i) a written
request of the Debtors and (ii) a certification, as of a specified time immediately prior to the effective date of the Reorganization Plan, from the Debtors specifying whether any notice of appeal in respect of the Confirmation Order has been
filed and recorded on the docket of the Bankruptcy Court (and, if applicable, describing any such notice of appeal that has been filed and docketed), each of the Arrangers shall waive the condition precedent set forth in this sentence unless they
determine in their good faith discretion, and inform the Borrower in writing, that the grant of any appeal that has been filed or could be filed with respect to any objection asserted at the hearing on the confirmation of the Reorganization Plan
(other than objections to the amount or terms of the monetary consideration (including, without limitation, Cash, debt, equity, or trust interests) to be distributed pursuant to the Reorganization Plan to any of the Arrangers, the Administrative
Agent, the Lenders or their respective affiliates on account of their prepetition claims against any of the Debtors) could materially adversely affect the rights or interests of any or all of the Arrangers, the Administrative Agent, the Lenders and
their respective affiliates. 
 (iii) The Confirmation Order shall approve the funding of the Term Loans and all
other transactions contemplated by this Agreement, shall be in full force and effect and shall not have been stayed, reversed or vacated, or otherwise amended or modified in any manner that the Arrangers determine in good faith is materially adverse
to the rights or interests of any or all of the Administrative Agent and Lenders or their respective affiliates unless the Arrangers have so consented in writing. 

  
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 (iv) All conditions precedent to the effectiveness of the Reorganization
Plan (other than (i) the occurrence of the Closing Date and any other conditions that are to be satisfied simultaneously with the occurrence of the Closing Date and (ii) any other conditions precedent that are waived in accordance with the
terms of the Reorganization Plan so long as any such waiver does not materially adversely affect the rights and interest of any or all of the Administrative Agent and the Lenders in their capacities as such (as determined in good faith by the
Arrangers) unless the Arrangers have so consented in writing) shall have been satisfied, and the Reorganization Plan shall have, or contemporaneously with the funding of the Loans the Reorganization Plan shall, become effective, and all transactions
contemplated by the Reorganization Plan to be consummated on the effective date of the Reorganization Plan (other than any transactions that do not materially adversely affect the rights and interest of any or all of the Administrative Agent and the
Lenders in their capacities as such (as determined in good faith by the Arrangers)) shall have been substantially consummated. 

(e) Consummation of Transactions Contemplated by Related Agreements. 

(i) The Administrative Agent and the Arrangers shall each have received evidence reasonably satisfactory to the
Administrative Agent that the transactions contemplated by the Revolving Credit Agreement have closed and the commitments under the Revolving Credit Agreement shall have been, or substantially concurrently with the funding of the Term Loans will be,
made available to the Borrower and its Subsidiaries (subject to any limitations in the Revolving Credit Agreement related to maximum usage on the Closing Date). 
 (ii) The Administrative Agent and the Arrangers shall each have received a fully executed or conformed copy of each Related Agreement, the Intercreditor Agreement and any material documents executed in
connection therewith. 
 (f) Existing Indebtedness. On the Closing Date, Holdings and its Subsidiaries shall have
(i) repaid in full all Existing Indebtedness and any other pre-existing indebtedness of Borrower and its Subsidiaries to the extent required to be repaid pursuant to the Reorganization Plan or the Confirmation Order, (ii) terminated any
commitments to lend or make other extensions of credit thereunder, (iii) delivered to Administrative Agent copies of all documents or instruments necessary to release all Liens securing Existing Indebtedness or other obligations of Holdings and
its Subsidiaries thereunder being repaid on the Closing Date, and (iv) made arrangements reasonably satisfactory to Administrative Agent and Goldman Sachs with respect to the cancellation of any letters of credit outstanding thereunder or the
issuance of letters of credit to support the obligations of Holdings and its Subsidiaries with respect thereto. 
 (g) Real
Estate Assets. Subject to Section 5.15, in order to create in favor of Collateral Agent, for the benefit of Secured Parties, a valid and, subject to any filing and/or recording referred to herein, perfected First Priority security interest
in certain Real Estate Assets, Collateral Agent shall have received from Borrower and each applicable Guarantor: 

  
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 (i) fully executed and notarized Mortgages, in proper form for recording in
all appropriate places in all applicable jurisdictions, encumbering each Real Estate Asset listed in Schedule 3.1(g) (each, a “Closing Date Mortgaged Property”); 

(ii) an opinion of counsel (which counsel shall be reasonably satisfactory to Collateral Agent) in each state in which a
Closing Date Mortgaged Property is located with respect to the enforceability of the form(s) of Mortgages to be recorded in such state and such other matters as Collateral Agent may reasonably request, in each case in form and substance reasonably
satisfactory to Collateral Agent; 
 (iii) ALTA mortgagee title insurance policies or unconditional commitments
therefor issued by one or more title companies reasonably satisfactory to Collateral Agent with respect to each Closing Date Mortgaged Property (each, a “Title Policy”), in amounts not less than the fair market value of each Closing
Date Mortgaged Property, together with copies of all recorded documents listed as exceptions to title or otherwise referred to therein, each in form and substance reasonably satisfactory to Collateral Agent and (B) evidence satisfactory to
Collateral Agent that such Credit Party has paid to the title company or to the appropriate Governmental Authorities all expenses and premiums of the title company and all other sums required in connection with the issuance of each Title Policy and
all recording and stamp Taxes (including mortgage recording and intangible Taxes) payable in connection with recording the Mortgages for each Closing Date Mortgaged Property in the appropriate real estate records; and 

(iv) (A) a completed Flood Certificate with respect to each Closing Date Mortgaged Property, which Flood Certificate
shall (x) be addressed to the Collateral Agent and (y) otherwise comply with the Flood Program; (B) if such Flood Certificate states that such Closing Date Mortgaged Property has improvements located in a Flood Zone, the
Borrower’s written acknowledgment of receipt of written notification from the Collateral Agent (x) as to the existence of such Closing Date Mortgaged Property and (y) as to whether the community in which each Closing Date Mortgaged
Property is located is participating in the Flood Program; and (C) if such Closing Date Mortgaged Property has improvements located in a Flood Zone and is located in a community that participates in the Flood Program, evidence that the Borrower
has obtained a policy of flood insurance that is in compliance with all applicable requirements of the Flood Program. 
 (h)
Personal Property Collateral. In order to create in favor of Collateral Agent, for the benefit of Secured Parties, a valid, perfected First Priority security interest in the personal property Collateral, each Credit Party shall have delivered
to Collateral Agent: 
 (i) UCC financing statements and originals of securities, instruments and chattel paper,
in each case, to the extent required to be delivered on the Closing Date pursuant to the Pledge and Security Agreement; 
 (ii) a completed Collateral Questionnaire dated the Closing Date and executed by an Authorized Officer of each Credit Party, together with all attachments contemplated thereby; 

  
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 (iii) satisfactory results of lien searches against each Credit Party;

 (iv) fully executed Intellectual Property Security Agreements, in proper form for filing or recording in the
United States Patent and Trademark Office and the United States Copyright Office, as applicable, memorializing and recording the encumbrance of the Intellectual Property Assets listed in Schedule 5.2 to the Pledge and Security Agreement; and

 (v) evidence that each Credit Party shall have delivered to Administrative Agent any intercompany notes
(including the Intercompany Note) evidencing Indebtedness permitted to be incurred pursuant to Section 6.1(b)). 
 (i)
[Reserved.] 
 (j) Financial Statements. Administrative Agent and each Arranger shall have received from Holdings
(i) the Historical Financial Statements (it being acknowledged by Administrative Agent and the Arrangers that the Historical Financial Statements referred to in clause (i) of the definition thereof have been received prior to the Closing
Date) and (ii) customary pro forma financial statements (it being acknowledged by Administrative Agent and the Arrangers that all required pro forma financial statements required hereunder have been received prior to the Closing Date).

 (k) Evidence of Insurance. Collateral Agent shall have received a certificate from the applicable Credit Party’s
insurance broker or other evidence reasonably satisfactory to it that all insurance required to be maintained pursuant to Section 5.5 is in full force and effect, together with endorsements naming Collateral Agent, for the benefit of Secured
Parties, as additional insured and loss payee thereunder to the extent required under Section 5.5. 
 (l) Opinions of
Counsel to Credit Parties. Subject to Section 5.15, Administrative Agent and Collateral Agent shall have received an executed copy of the favorable written opinions of counsel for Credit Parties as to such matters as Administrative Agent or
Goldman Sachs may reasonably request, dated as of the Closing Date and in form and substance reasonably satisfactory to Administrative Agent and Goldman Sachs (and each Credit Party hereby instructs such counsel to deliver such opinions to
Administrative Agent, Collateral Agent and Goldman Sachs). 
 (m) Fees. Borrower shall have paid to each Agent the fees
payable on or before the Closing Date referred to in Section 2.8 and all expenses payable pursuant to Section 10.2 which have accrued to the Closing Date and invoiced to Borrower reasonably prior to the Closing Date. 

(n) Solvency Certificate. On the Closing Date, Administrative Agent and each Arranger shall have received a Solvency Certificate
from the chief financial officer of Borrower in form, scope and substance reasonably satisfactory to Administrative Agent and Goldman Sachs, and demonstrating that after giving effect to the consummation of the transactions contemplated by this
Agreement and the Related Agreements on the Closing Date and any rights of contribution, the Credit Parties and their Subsidiaries are and will be, on a consolidated basis, Solvent. 

  
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 (o) Closing Date Certificate. Holdings and Borrower shall have delivered to
Administrative Agent and Goldman Sachs an executed Closing Date Certificate, together with all attachments thereto. 
 (p)
Credit Rating. Borrower shall have obtained (a) a public corporate family rating and a public credit rating for the Term Loans from Moody’s and (b) a ratings assessment letter from S&P that may be provided to all Lenders,
it being agreed that this clause (b) has been satisfied prior to the Closing Date. 
 (q) Closing Date. Lenders shall
have made the Term Loans to Borrower on or before February 28, 2013. 
 (r) Completion of Proceedings. All
partnership, corporate and other proceedings taken or to be taken in connection with the transactions contemplated hereby and all documents incidental thereto not previously found acceptable by Administrative Agent or Arrangers and its counsel shall
be satisfactory in form and substance to Administrative Agent and Arrangers and such counsel, and Administrative Agent, Arrangers and such counsel shall have received all such counterpart originals or certified copies of such documents as
Administrative Agent or any Arranger may reasonably request. 
 (s) Letter of Direction. Administrative Agent and Goldman
Sachs shall have received a duly executed letter of direction from Borrower addressed to Administrative Agent and Goldman Sachs, on behalf of itself and Lenders, directing the disbursement on the Closing Date of the proceeds of the Loans made on
such date. 
 (t) Maximum Leverage Ratio. The ratio of (i) Consolidated Total Net Debt (without giving effect to any
reduction thereof for any Unrestricted Cash included in the consolidated balance sheet of Holdings and its Subsidiaries) as of the Closing Date after giving effect to the transactions contemplated hereby (the “Transactions”) to
(ii) pro forma Consolidated Adjusted EBITDA for the latest twelve-month period for which financial statements are then available shall not be greater than 2.25:1.00. 
 (u) At least 5 days prior to the Closing Date, to the extent requested by the Arrangers 10 days prior to the Closing Date, the Lenders shall have received all documentation and other information required
by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “PATRIOT Act”), and, in any event, Borrower shall have furnished to the Lenders, no later than 5 days prior to the Closing Date, a list setting
forth the identity of each Person that will own more than 20% of the issued and outstanding Equity Interests in Parent on the Closing Date. 

  
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 (v) Funding Notice. Administrative Agent shall have received a fully executed and
delivered Funding Notice executed by an Authorized Officer no later than one Business Day prior to the Closing Date or such shorter period of time acceptable to Administrative Agent. 

(w) No Default. As of the Closing Date, no event shall have occurred and be continuing or would result from the consummation of the
Transactions to be consummated on the Closing Date that would constitute an Event of Default or a Default 
 (x) Accuracy of
Representations. As of the Closing Date, the representations and warranties contained herein and in the other Credit Documents shall be true and correct in all material respects on and as of the Closing Date (both immediately prior to and after
giving effect to the funding of the Term Loans) to the same extent as though made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and
warranties shall have been true and correct in all material respects on and as of such earlier date; provided that, in each case, such materiality qualifier shall not be applicable to any representations and warranties that already are
qualified or modified by materiality in the text thereof. 
 SECTION 4. REPRESENTATIONS AND WARRANTIES 

In order to induce Agents and Lenders to enter into this Agreement and to make each Loan to be made thereby, each Credit Party represents
and warrants to each Agent and Lender, on the Closing Date and on each Credit Date, that the following statements are true and correct (it being understood and agreed that the representations and warranties made on the Closing Date are deemed to be
made concurrently with the consummation of the transactions contemplated by Related Agreements to occur on the Closing Date): 

4.1. Organization; Requisite Power and Authority; Qualification. Each Credit Party and its Subsidiaries (a) is duly
organized, validly existing and in good standing under the laws of its jurisdiction of organization which on the date hereof is identified in Schedule 4.1, (b) has all requisite power and authority (i) to own and operate its properties,
(ii) to carry on its business as now conducted and as proposed to be conducted and (iii) to enter into the Credit Documents to which it is a party and to carry out the transactions contemplated thereby, and (c) is qualified to do
business and in good standing in every jurisdiction where any material portion of its assets are located and wherever such qualification is necessary to carry out its business and operations, in each case (other than clause (a) with respect to
Borrower and clause (b)(iii)), except where the failure to do so could not be reasonably expected to have a Material Adverse Effect. 
 4.2. Equity Interests and Ownership. The Equity Interests of each Credit Party and its Subsidiaries and Unrestricted Subsidiaries have been duly authorized and validly issued and are, to the extent
such concept is applicable, fully paid and non-assessable. Except as set forth on Schedule 4.2, as of the date hereof, there is no existing option, warrant, call, right, commitment or other agreement to which any Credit Party or any of its
Subsidiaries or Unrestricted Subsidiaries is a party requiring, and there is no membership interest or other Equity Interests of any Credit Party or any of its Subsidiaries or Unrestricted Subsidiaries outstanding which upon 

  
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conversion or exchange would require, the issuance by such Credit Party or such Subsidiary or Unrestricted Subsidiary of any additional membership interests or other Equity Interests of such
Credit Party or such Subsidiary or Unrestricted Subsidiary or other Securities convertible into, exchangeable for or evidencing the right to subscribe for or purchase, a membership interest or other Equity Interests of any Credit Party or any of its
Subsidiaries or Unrestricted Subsidiaries. Schedule 4.2 correctly sets forth the ownership interest of such Credit Party and each of its Subsidiaries in their respective Subsidiaries as of the Closing Date both before and after giving effect
the consummation of the transactions contemplated by this Agreement and the Related Agreements to occur on the Closing Date. 

4.3. Due Authorization. The execution, delivery and performance of the Credit Documents have been duly authorized by all necessary
action on the part of each Credit Party that is a party thereto. 
 4.4. No Conflict. The execution, delivery and
performance by each Credit Party of the Credit Documents to which it is a party and the consummation of the transactions contemplated by the Credit Documents do not and will not (a) violate (i) any provision of any law or any governmental
rule or regulation applicable to such Credit Party, (ii) any of the Organizational Documents of such Credit Party, or (iii) any order, judgment or decree of any court or other agency of government binding on such Credit Party, except with
respect to this clause (iii) to the extent that any such violation could not reasonably be expected to have a Material Adverse Effect; (b) conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a
default under any Contractual Obligation of such Credit Party except to the extent such conflict, breach or default could not reasonably be expected to have a Material Adverse Effect; (c) result in or require the creation or imposition of any
Lien upon any of the properties or assets of such Credit Party (other than any Liens created under any of the Credit Documents in favor of Collateral Agent, for the benefit of the Secured Parties or Liens created under any of the Loan Documents (as
defined in the Revolving Credit Agreement)); or (d) require any approval of stockholders, members or partners or any approval or consent of any Person under any Contractual Obligation of Holdings or any of its Subsidiaries, except for such
approvals or consents which will be obtained on or before the Closing Date or the failure of which to obtain could not reasonably be expected to have a Material Adverse Effect. 

4.5. Governmental Consents. The execution, delivery and performance by each Credit Party of the Credit Documents to which it is a
party and the consummation of the transactions contemplated by the Credit Documents do not and will not require any registration with, consent or approval of, or notice to, or other action to, with or by, any Governmental Authority except for
(a) registrations, consents, approvals, notices and other actions which have been duly obtained, taken, given or made and are in full force and effect, (b) those registrations, consents, approvals, notices and other actions, the failure of
which to obtain or make could not reasonably be expected to have a Material Adverse Effect and (c) filings and recordings with respect to the Collateral to be made, or otherwise delivered to Collateral Agent for filing and/or recordation, as of
the Closing Date. 
 4.6. Binding Obligation. Each Credit Document has been duly executed and delivered by each Credit
Party that is a party thereto and is the legally valid and binding obligation of such Credit Party, enforceable against such Credit Party in accordance with its respective terms, except as may be limited by bankruptcy, insolvency, reorganization,
moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability. 

  
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 4.7. Historical Financial Statements. The Historical Financial Statements were
prepared (a) in the case of Historical Financial Statements referred to in clause (i) of the definition thereof, in conformity with GAAP and (b) in the case of Historical Financial Statements referred to in clause (ii) of the
definition thereof, subject to Schedule 4.7, in conformity with GAAP, and fairly present, subject, in the case of this clause (b), to Schedule 4.7, in all material respects, the financial position, on a consolidated basis, of the Persons described
in such financial statements as at the respective dates thereof and the results of operations and cash flows, on a consolidated basis, of the Persons described therein for each of the periods then ended, subject, in the case of any such unaudited
financial statements, to changes resulting from audit and normal year-end adjustments. 
 4.8. Projections. On and as of
the Closing Date, the projections of Holdings and its Subsidiaries for the period of Fiscal Year 2013 through and including Fiscal Year 2016 (the “Projections”) have been prepared in good faith based upon assumptions that are
believed by the preparer thereof to be reasonable at the time such Projections were furnished to the Lenders, it being understood and agreed that Projections are subject to uncertainties and contingencies, many of which are beyond the control of the
Credit Parties, and as such, such Projections are not a guarantee of financial performance and actual results may differ from such Projections and such differences may be material. 

4.9. No Material Adverse Effect. Since December 31, 2011, no event, circumstance or change has occurred that has caused or
evidences, or could reasonably be expected to result in, either in any case or in the aggregate, a Material Adverse Effect other than (a) those events that would reasonably be expected to result from the filing or commencement of the Chapter 11
Cases or the announcement of the filing or commencement of the Chapter 11 Cases, (b) any action approved by the Bankruptcy Court prior to the Closing Date, (c) events set forth in the disclosure statement relating to the Reorganization
Plan (provided that changes in the underlying facts or related events may constitute a Material Adverse Effect), (d) changes in general economic conditions or changes affecting the industries and markets in which the Borrower or any of its
Subsidiaries operates (except to the extent that such changes have a disproportionately adverse effect on the Borrower and its Subsidiaries, taken as a whole), and (e) macroeconomic factors, interest rates, currency exchange rates, general
financial market conditions, acts of God, war, terrorism or hostilities (except to the extent that such developments have a disproportionately adverse effect on the Borrower and its Subsidiaries, taken as a whole) . 

4.10. Adverse Proceedings, Etc. There are no Adverse Proceedings, individually or in the aggregate, that could reasonably be
expected to have a Material Adverse Effect. No Credit Party nor any Subsidiary of a Credit Party 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 have a Material Adverse Effect. 

  
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 4.11. Payment of Taxes. Except as set forth on Schedule 4.11 or as otherwise
permitted under Section 5.3, (a) all U.S. federal, and material foreign, state and local income Tax returns and reports and all other material Tax returns and reports required to be filed by or on behalf of the Credit Parties and their
respective Subsidiaries and Unrestricted Subsidiaries required to be filed by any of them have been timely filed, (b) all Taxes (including real property Taxes) and other charges shown on such Tax returns to be due and payable have been timely
paid, and (c) all U.S. federal income taxes and all other material Taxes, assessments, fees and other governmental charges upon the Credit Parties and their respective Subsidiaries and Unrestricted Subsidiaries and upon their respective
properties, assets, income, businesses and franchises which are due and payable have been timely paid prior to the date on which any fine, penalty, interest, late charge or loss may be added thereto for nonpayment thereof. There is no Tax assessment
against the Credit Parties or their respective Subsidiaries of which the Credit Parties have been notified in writing which is not being actively contested by the Credit Parties 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 
 4.12. Properties. 
 (a) Title. Each of the Credit Parties and their
respective Subsidiaries has (i) good, sufficient and legal title to (in the case of fee interests in real property), (ii) valid leasehold interests in (in the case of leasehold interests in real or personal property), (iii) to the
knowledge of the Credit Parties, valid licensed rights in (in the case of licensed intellectual property that is material to the conduct of the business of the Credit Parties and their Subsidiaries) and (iv) good title to (in the case of all
other personal property), all of their respective material properties and assets necessary in the ordinary conduct of its business, in each case except for assets disposed of in the ordinary course of business or as otherwise permitted under
Section 6.7. Except as otherwise permitted by this Agreement, all such properties and assets are free and clear of Liens except for minor defects in title that do not materially impair any Credit Party’s or any such Subsidiary’s
ability to conduct its business or utilize such assets for their intended purposes. 
 (b) Real Estate. As of the Closing
Date, Schedule 4.12 contains a true, accurate and complete list, in all material respects, of (i) all fee-owned Real Estate Assets, (ii) all leases, subleases or assignments of leases (together with all amendments, modifications,
supplements, renewals or extensions thereof) with respect to any material leasehold Real Estate Assets pursuant to which any Credit Party is the tenant and (iii) all leases, subleases or assignments of leases (together with all amendments,
modifications, supplements, renewals or extensions thereof) with respect to any Material Real Estate Assets pursuant to which any Credit Party is the landlord. Each agreement listed in clause (ii) or clause (iii) of the immediately
preceding sentence that is material to the conduct of the business of the Credit Parties and their Subsidiaries is in full force and effect and Holdings does not have knowledge of any default that has occurred and is continuing thereunder, and each
such agreement constitutes the legally valid and binding obligation of each applicable Credit Party, enforceable against such Credit Party in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization,
moratorium or similar laws relating to or limiting 

  
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creditors’ rights generally or by equitable principles. As of the Closing Date, Annex A to Schedule 3.1(g) contains a true, accurate and complete list of all fee-owned Real Estate Assets of
the Credit Parties located at, adjacent to or within the vicinity of each Mill (as defined on Schedule 3.1(g)) other than any Excluded Real Estate Assets (as defined on Schedule 3.1(g)); provided that a breach of this representation shall not
constitute a Default or Event of Default unless the Credit Parties fail to deliver the documentation required by Section 5.11 with respect to the applicable Real Estate Assets within sixty (60) days following the Closing Date (or such
later date agreed to by the Administrative Agent). 
 4.13. Environmental Matters. Except as set forth on Schedule 4.13
or except as, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect: 
 (a)
neither Holdings nor any of its Subsidiaries nor any of their respective Facilities or operations are subject to any outstanding written order, consent decree or settlement agreement with any Person relating to any Environmental Law, any
Environmental Claim, or any Hazardous Materials Activity; and 
 (b) neither Holdings nor any of its Subsidiaries has
received any letter or request for information under Section 104 of the Comprehensive Environmental Response, Compensation, and Liability Act (42 U.S.C. § 9604) or any comparable state law and, to each of Holdings’ and its
Subsidiaries’ knowledge, no Facility is listed or proposed for listing on the National Priorities List promulgated pursuant to CERCLA, or included on any similar list maintained by any Governmental Authority including any such list relating to
petroleum; and 
 (c) there are and, to each of Holdings’ and its Subsidiaries’ knowledge, have been, no conditions,
occurrences, or Hazardous Materials Activities, or at, under or from any Facility, which could reasonably be expected to form the basis of an Environmental Claim against Holdings or any of its Subsidiaries; and 

(d) Holdings, its Subsidiaries, and any of their respective Facilities or operations holds or has applied for all permits required under
applicable Environmental Law (“Environmental Permits”) and is in compliance with the terms and conditions of their respective Environmental Permits; and 
 (e) no Lien has been recorded under any Environmental Law with respect to any Facility; and 
 (f) to each of Holdings’ and its Subsidiaries’ knowledge, no person with an indemnity or contribution obligation to Holdings or its Subsidiaries relating to compliance with or liability under
Environmental Law is in default with respect to such obligation; and 
 (g) Holdings and its Subsidiaries have made available all
final (including final internal, non-privileged) environmental audits and reports in its possession that were prepared in the four years prior to the date hereof and which materially bear on Holdings’ and each of its Subsidiaries’
compliance with or liability under Environmental Law, including those concerning the actual or suspected existence of Hazardous Material at any Facility. 

  
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 4.14. No Defaults. No Credit Party nor any of its Subsidiaries is in default in the
performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any of its Contractual Obligations, and no condition exists which, with the giving of notice or the lapse of time or both, could constitute such a
default, except where the consequences, direct or indirect, of such default or defaults, if any, could not reasonably be expected to have a Material Adverse Effect. 
 4.15. Material Contracts. Schedule 4.15 contains a true, correct and complete list of all the Material Contracts in effect on the Closing Date, and except as described thereon, all such
Material Contracts are in full force and effect and no defaults exist thereunder as of the Closing Date. 
 4.16.
Governmental Regulation. No Credit 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 Credit 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. 

4.17. Federal Reserve Regulations. 
 (a) None of Holdings, Borrower or any of their Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of buying or carrying Margin
Stock. 
 (b) No portion of the proceeds of any Loan shall be used in any manner, whether directly or indirectly, that causes or
could reasonably be expected to cause, such Loan or the application of such proceeds to violate Regulation T, Regulation U or Regulation X of the Board of Governors or any other regulation thereof. 

4.18. Employee Matters. Neither Holdings nor any of its Subsidiaries is engaged in any unfair labor practice that could reasonably
be expected to have a Material Adverse Effect. There is (a) no unfair labor practice complaint pending against Holdings or any of its Subsidiaries, or to the best knowledge of Holdings and Borrower, threatened against any of them before the
National Labor Relations Board and no grievance or arbitration proceeding arising out of or under any collective bargaining agreement that is so pending against Holdings or any of its Subsidiaries or to the best knowledge of Holdings and Borrower,
threatened against any of them, (b) no strike or work stoppage in existence or threatened involving Holdings or any of its Subsidiaries, and (c) to the best knowledge of Holdings and Borrower, no union representation question existing with
respect to the employees of Holdings or any of its Subsidiaries and, to the best knowledge of Holdings and Borrower, no union organization activity that is taking place, except (with respect to any matter specified in clause (a), (b) or
(c) above, either individually or in the aggregate) such as is not reasonably likely to have a Material Adverse Effect. 

  
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 4.19. Employee Benefit Plans. Except as would not reasonably be expected to have a
Material Adverse Effect, Holdings and each of its ERISA Affiliates are in compliance with all applicable provisions and requirements of ERISA and the Internal Revenue Code and the regulations and published interpretations thereunder with respect to
each Employee Benefit Plan, and have performed all their obligations under each Employee Benefit Plan. Each Employee Benefit Plan which is intended to qualify under Section 401(a) of the Internal Revenue Code has received a favorable
determination letter or opinion letter from the Internal Revenue Service indicating that such Employee Benefit Plan is so qualified and nothing has occurred subsequent to the issuance of such determination letter which would cause such Employee
Benefit Plan to lose its qualified status. Except as would not reasonably be expected to have a Material Adverse Effect, no liability to the PBGC (other than required premium payments), the Internal Revenue Service, any Employee Benefit Plan or any
trust established under Title IV of ERISA has been or is reasonably expected to be incurred by Holdings or any of its ERISA Affiliates. Except as could not reasonably be expected to have a Material Adverse Effect, no ERISA Event has occurred or is
reasonably expected to occur. Except to the extent required under Section 4980B of the Internal Revenue Code or similar state laws, no Employee Benefit Plan provides health or welfare benefits (through the purchase of insurance or otherwise)
for any retired or former employee of Holdings or any of its ERISA Affiliates. The present value of the aggregate benefit liabilities under each Pension Plan sponsored, maintained or contributed to by Holdings or any of its ERISA Affiliates
(determined as of the end of the most recent plan year on the basis of the actuarial assumptions specified for funding purposes in the most recent actuarial valuation for such Pension Plan) have not resulted in, and could not reasonably be expected
to result in, a Material Adverse Effect. As of the most recent valuation date for each Multiemployer Plan for which the actuarial report is available, the potential liability of Holdings and its ERISA Affiliates for a complete withdrawal from such
Multiemployer Plan (within the meaning of Section 4203 of ERISA), when aggregated with such potential liability for a complete withdrawal from all Multiemployer Plans, based on information available pursuant to Section 4221(e) of ERISA
have not resulted in, and could not reasonably be expected to result in, a Material Adverse Effect. Holdings and its ERISA Affiliates are not in material “default” (as defined in Section 4219(c)(5) of ERISA) with respect to payments
to a Multiemployer Plan. 
 4.20. Certain Fees. Except as set forth on Schedule 4.20 or pursuant to the Reorganization
Plan, no broker’s or finder’s fee or commission will be payable with respect to the transactions contemplated by the Related Agreements, except as payable to Agents and Lenders. 

4.21. Solvency. The Borrower and its Subsidiaries on a consolidated basis are and, upon the incurrence of any Obligation by any
Credit Party on any date on which this representation and warranty is made, will be, on a consolidated basis, Solvent. 

4.22. [Reserved]. 
 4.23. Compliance with Statutes, Etc. Each Credit Party and each of its Subsidiaries is in compliance with all applicable statutes, regulations and orders of, and all applicable restrictions imposed
by, all Governmental Authorities, in respect of the conduct of its business and the ownership of its property (other than any Environmental Laws, which are the subject of Section 4.13), except such non-compliance that, individually or in the
aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

  
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 4.24. Disclosure. No representation or warranty of any Credit Party contained in any
Credit Document or in any other documents, certificates or written statements furnished to any Agent or Lender by or on behalf of Holdings or any of its Subsidiaries for use in connection with the transactions contemplated hereby on or prior to the
Closing Date contains any untrue statement of a material fact or omits to state a material fact (known to Holdings or Borrower, in the case of any document not furnished by either of them) necessary in order to make the statements contained herein
or therein not misleading in light of the circumstances in which the same were made. Any projections and pro forma financial information contained in such materials are based upon good faith estimates and assumptions believed by Holdings or Borrower
to be reasonable at the time made, it being recognized by Lenders that such projections as to future events are not to be viewed as facts and that actual results during the period or periods covered by any such projections may differ from the
projected results. As of the Closing Date, there are no facts known (or which should upon the reasonable exercise of diligence be known) to Holdings or Borrower (other than matters of a general economic nature) that, individually or in the
aggregate, could reasonably be expected to result in a Material Adverse Effect and that have not been disclosed herein or in such other documents, certificates and statements furnished to Lenders for use in connection with the transactions
contemplated hereby. 
 4.25. PATRIOT Act. To the extent applicable, each Credit Party and Unrestricted Subsidiary is in
compliance, in all material respects, with (i) the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 C.F.R., Subtitle B, Chapter V, as amended) and any other
enabling legislation or executive order relating thereto, and (ii) the PATRIOT Act. No part of the proceeds of the Loans will be used, directly or indirectly, for any payments to any governmental official or employee, political party, official
of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of
1977, as amended. 
 SECTION 5. AFFIRMATIVE COVENANTS 

Each Credit Party covenants and agrees that, until payment in full of all Obligations, each Credit Party shall perform, and shall cause
each of its Restricted Subsidiaries to perform, all covenants in this Section 5. 
 5.1. Financial Statements and Other
Reports. Holdings will deliver to Administrative Agent and Lenders: 
 (a) Quarterly Financial Statements. As soon as
available, and in any event within 45 days after the end of each of the first three Fiscal Quarters of each Fiscal Year, commencing with the first such Fiscal Quarter ending after the Closing Date, the consolidated balance sheet of Holdings and its
Subsidiaries (including Unrestricted Subsidiaries) as at the end of such Fiscal Quarter and the related consolidated statements of income, stockholders’ equity and cash flows of Holdings and its Subsidiaries for such Fiscal Quarter and for the
period from the beginning of the then current Fiscal Year to the end of such Fiscal Quarter, setting forth in each case in comparative form the corresponding figures for the corresponding periods of the previous Fiscal Year and accompanied by a
comparison to the corresponding figures from the Financial Plan for the current Fiscal Year, all in reasonable detail, together with a Financial Officer Certification and a Narrative Report with respect thereto; 

  
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 (b) Annual Financial Statements. As soon as available, and in any event within 120
days after the end of the Fiscal Year ending December 31, 2012 and 90 days after the end of each Fiscal Year thereafter, commencing with the Fiscal Year in which the Closing Date occurs, (i) (A) the consolidated (and unaudited
consolidating for Holdings and its Subsidiaries (including Unrestricted Subsidiaries) as a group) balance sheet of Parent and its subsidiaries as at the end of such Fiscal Year and the related consolidated (and unaudited consolidating for Holdings
and its Subsidiaries (including Unrestricted Subsidiaries) as a group) statements of income, stockholders’ equity and cash flows of Parent and its subsidiaries for such Fiscal Year, setting forth in each case in comparative form the
corresponding figures for the previous Fiscal Year and accompanied by a comparison to the corresponding figures from the Financial Plan for the Fiscal Year covered by such financial statements, in reasonable detail, together with a Financial Officer
Certification and a Narrative Report with respect thereto and (B) if (x) (1) the positive Parent Consolidated Net Income (excluding the Consolidated Net Income of Holdings and its Subsidiaries (including Unrestricted Subsidiaries)) is
greater than $10 million and (2) the Consolidated Net Income of Holdings and its Subsidiaries (including Unrestricted Subsidiaries) for such Fiscal Year is less than 97.5% of the Parent Consolidated Net Income for such Fiscal Year or
(y) the Consolidated Total Assets of Holdings and its Subsidiaries (including Unrestricted Subsidiaries) as of the last day of such Fiscal Year is less than 97.5% of the Parent Consolidated Total Assets as of the last day of such Fiscal Year,
the consolidated balance sheet of Holdings and its Subsidiaries (including Unrestricted Subsidiaries) as at the end of such Fiscal Year and the related consolidated statements of income, stockholders’ equity and cash flows of Holdings and its
Subsidiaries (including Unrestricted Subsidiaries) for such Fiscal Year, setting forth in each case in comparative form the corresponding figures for the previous Fiscal Year and accompanied by a comparison to the corresponding figures from the
Financial Plan for the Fiscal Year covered by such financial statements, in reasonable detail, together with a Financial Officer Certification and a Narrative Report with respect thereto; and (ii) with respect to each such consolidated
financial statements a report thereon of PricewaterhouseCoopers LLP or other independent certified public accountants of recognized national standing selected by Parent, and reasonably satisfactory to Administrative Agent (which report shall be
unqualified as to going concern (other than a going concern or like qualification or exception resulting solely from an upcoming maturity date under this Agreement, the Revolving Credit Agreement or any Permitted Junior/Unsecured Incremental Debt or
Refinancing Indebtedness occurring within one year from the time such opinion is delivered) and scope of audit, and shall state that such consolidated financial statements fairly present, in all material respects, the consolidated financial position
of Parent and its subsidiaries and, if applicable, the consolidated financial position of Holdings and its Subsidiaries (including Unrestricted Subsidiaries) as at the dates indicated and the results of their operations and their cash flows for the
periods indicated in conformity with GAAP applied on a basis consistent with prior years (except as otherwise disclosed in such financial statements) and that the examination by such accountants in connection with such consolidated financial
statements has been made in accordance with generally accepted auditing standards); 

  
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 (c) Compliance Certificate. Together with each delivery of financial statements
pursuant to Sections 5.1(a) and 5.1(b), a duly executed and completed Compliance Certificate; 
 (d) [Reserved]; 

(e) Notice of Default. Promptly upon any officer of Holdings or Borrower obtaining knowledge (i) of any condition or event
that constitutes a Default or an Event of Default or that notice has been given to Holdings or Borrower with respect thereto; (ii) that any Person has given any notice to Holdings or any of its Subsidiaries or taken any other action with
respect to any event or condition set forth in Section 8.1(b); or (iii) of the occurrence of any event or change that has caused, either individually or in the aggregate, a Material Adverse Effect, a certificate of an Authorized Officer
specifying the nature and period of existence of such condition, event or change, or specifying the notice given and action taken by any such Person and the nature of such claimed Event of Default, Default, default, event or condition, and what
action Borrower has taken, is taking and proposes to take with respect thereto; 
 (f) Notice of Litigation. Promptly upon
any officer of Holdings or Borrower obtaining knowledge of (i) any Adverse Proceeding not previously disclosed in writing by Borrower to Lenders, or (ii) any development in any Adverse Proceeding that, in the case of either clause
(i) or (ii), if adversely determined could be reasonably expected to have a Material Adverse Effect, or seeks to enjoin or otherwise prevent the consummation of, or to recover any damages or obtain relief as a result of, the transactions
contemplated hereby, written notice thereof together with such other information as may be reasonably available to Holdings or Borrower to enable Lenders and their counsel to evaluate such matters; 

(g) ERISA. (i) Promptly upon becoming aware of the occurrence of or forthcoming occurrence of any ERISA Event, a written
notice specifying the nature thereof, what action Holdings or any of its ERISA Affiliates has taken, is taking or proposes to take with respect thereto and, when known, any action taken or threatened by the Internal Revenue Service, the Department
of Labor or the PBGC with respect thereto; and (ii) with reasonable promptness, copies of (1) each Schedule B (Actuarial Information) to the annual report (Form 5500 Series) filed by Holdings or any of its ERISA Affiliates with the
Internal Revenue Service with respect to each Pension Plan; (2) all notices received by Holdings or any of its ERISA Affiliates from a Multiemployer Plan sponsor concerning an ERISA Event; and (3) copies of such other documents or
governmental reports or filings relating to any Employee Benefit Plan as Administrative Agent shall reasonably request; 
 (h)
Financial Plan. As soon as practicable and in any event no later than January 30 of each Fiscal Year, a consolidated plan and financial forecast for such Fiscal Year and the four immediately subsequent Fiscal Years (or portion thereof),
in each case, to the extent ending prior to the final maturity date of the Loans (a “Financial Plan”), including (i) a forecasted consolidated balance sheet and forecasted consolidated statements of income and cash flows of
Holdings and its Subsidiaries (including Unrestricted Subsidiaries) for each such Fiscal Year, and an explanation of the assumptions on which such forecasts are based and (ii) forecasted consolidated statements of income and cash flows of
Holdings and its Subsidiaries (including Unrestricted Subsidiaries) for each month of such Fiscal Year and each Fiscal Quarter of each other Fiscal Year; 

  
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 (i) Insurance Report. As soon as practicable and in any event by the last day of each
Fiscal Year, a certificate from Borrower’s insurance broker(s) in form and substance satisfactory to Administrative Agent outlining all material insurance coverage maintained as of the date of such certificate by Holdings and its Subsidiaries;

 (j) Notice Regarding Material Contracts. Promptly, and in any event within ten Business Days (i) after any
Material Contract with respect to Indebtedness of Holdings or any of its Subsidiaries is terminated or amended in a manner that is materially adverse to Holdings or such Subsidiary, as the case may be, or (ii) any new Material Contract with
respect to Indebtedness is entered into, with copies of such material amendments or new contracts, delivered to Administrative Agent (to the extent such delivery is permitted by the terms of any such Material Contract, provided, no such
prohibition on delivery shall be effective if it were bargained for by Holdings or its applicable Subsidiary with the intent of avoiding compliance with this Section 5.1(j)); 

(k) Information Regarding Collateral. (a) Borrower will furnish to Collateral Agent prompt written notice of any change
(i) in any Credit Party’s corporate name, (ii) in any Credit Party’s identity or corporate structure, (iii) in any Credit Party’s jurisdiction of organization or (iv) in any Credit Party’s Federal Taxpayer
Identification Number or state organizational identification number. Borrower agrees to, within 10 days following any change referred to in the preceding sentence, make all filings under the UCC or otherwise that are required in order for Collateral
Agent to continue at all times following such change to have a valid, legal and perfected security interest in all the Collateral as contemplated in the Collateral Documents. Borrower also agrees promptly to notify Collateral Agent if any material
portion of the Collateral is damaged or destroyed; 
 (l) Annual Collateral Verification. Each year, at the time of
delivery of annual financial statements with respect to the preceding Fiscal Year pursuant to Section 5.1(b), Borrower shall deliver to Collateral Agent a certificate of its Authorized Officer either confirming that there has been no change in
such information since the date of the Collateral Questionnaire delivered on the Closing Date or the date of the most recent certificate delivered pursuant to this Section 5.1 and/or identifying such changes; 

(m) Other Information. (A) Promptly upon their becoming available, copies of (i) all financial statements, reports,
notices and proxy statements sent or made available generally by Holdings to its security holders acting in such capacity or by any Subsidiary of Holdings to its equity holders, bondholders or holders of any other of its securities acting in such
capacity or by any Subsidiary of Holdings to its security holders other than Holdings or another Subsidiary of Holdings, (ii) all regular and periodic reports and all registration statements and prospectuses, if any, filed by Holdings or any of
its Subsidiaries with any securities exchange or with the Securities and Exchange Commission or any other Governmental Authority, (iii) all press releases and other statements made available generally by Holdings or any of its Subsidiaries to
the public concerning material developments in the business of Holdings or any of its Subsidiaries, and (B) such other information and data with respect to Holdings or any of its Subsidiaries as from time to time may be reasonably requested by
Administrative Agent; and 

  
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 (n) Certification of Public Information. Holdings, Borrower and each Lender
acknowledge that certain of the Lenders may be Public Lenders and, if documents or notices required to be delivered pursuant to this Section 5.1 or otherwise are being distributed through IntraLinks/IntraAgency, SyndTrak or another relevant
website or other information platform (the “Platform”), any document or notice that Holdings or Borrower has indicated contains Non-Public Information shall not be posted on that portion of the Platform designated for such Public
Lenders. Each of Holdings and Borrower agrees to clearly designate all information provided to Administrative Agent by or on behalf of Holdings or Borrower which contains Non-Public Information. If Holdings or Borrower has not indicated whether a
document or notice delivered pursuant to this Section 5.1 contains Non-Public Information, Administrative Agent reserves the right to post such document or notice solely on that portion of the Platform designated for Lenders who wish to receive
material Non-Public Information with respect to Holdings, its Subsidiaries and their Securities. 
 Information required to be
delivered pursuant to Section 5.1(a), 5.1(b) or 5.1(m) shall be deemed to have been delivered if such information, or one or more annual or quarterly reports containing such information, shall have been posted by the Administrative Agent on the
Platform or shall be available on the website of the SEC at http://www.sec.gov or on the website of the Borrower (provided, in each case, that the Borrower has notified the Administrative Agent that such information is available on such website and,
if requested by the Administrative Agent, shall have provided hard copies to the Administrative Agent). Information required to be delivered pursuant to this Section 5.1 may also be delivered by electronic communications pursuant to procedures
approved by the Administrative Agent. Each Lender shall be solely responsible for timely accessing posted documents and maintaining its copies of such documents. 
 5.2. Existence. Except as otherwise permitted under Section 6.7, each Credit Party will, and will cause each of its Subsidiaries to, at all times preserve and keep in full force and effect its
legal existence and take all reasonable action to preserve all rights and franchises, licenses and permits material to its business; provided, no Credit Party (other than Borrower with respect to existence) or any of its Subsidiaries shall be
required to preserve any such existence, right or franchise, licenses and permits if (a) such Person’s board of directors (or similar governing body) shall determine that the preservation thereof is no longer desirable in the conduct of
the business of such Person or (b) with respect to any Immaterial Subsidiary, the failure to do so could not reasonably be expected to have a Material Adverse Effect. 
 5.3. Payment of Taxes. Each Credit Party will, and will cause each of its Subsidiaries and Unrestricted Subsidiaries to, pay all Taxes imposed upon it or any of its properties or assets or in
respect of any of its income, businesses or franchises before any penalty or fine accrues thereon; provided, no such Tax need be paid if it is being contested in good faith by appropriate proceedings promptly instituted and diligently conducted, so
long as (a) adequate reserve or other appropriate provision, as shall be required in conformity with GAAP shall have been made therefor, and (b) in the case of a Tax or claim which has or may become a Lien against any of the Collateral,
such contest proceedings conclusively operate to stay the sale of any portion of the 

  
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Collateral to satisfy such Tax or claim. No Credit Party will, nor will it permit any of its Subsidiaries and Unrestricted Subsidiaries to, file or consent to the filing of any consolidated
income Tax return with any Person (other than Holdings or any of its Subsidiaries and Unrestricted Subsidiaries). 
 5.4.
Maintenance of Properties. Each Credit Party will, and will cause each of its Subsidiaries to, maintain or cause to be maintained in good repair, working order and condition, ordinary wear and tear excepted, all material properties used or
useful in the business of Holdings and its Subsidiaries and from time to time will make or cause to be made all appropriate repairs, renewals and replacements thereof. 
 5.5. Insurance. Holdings will maintain or cause to be maintained, with financially sound and reputable insurers, such insurance with respect to liabilities, losses or damage in respect of the
assets, properties and businesses of Holdings and its Subsidiaries as may customarily be carried or maintained under similar circumstances by Persons of established reputation engaged in similar businesses operating in similar locations, in each
case in such amounts (giving effect to self-insurance), with such deductibles, covering such risks and otherwise on such terms and conditions as shall be customary for such Persons. Without limiting the generality of the foregoing, Holdings will
maintain or cause to be maintained (a) flood insurance with respect to each Flood Hazard Property that is located in a community that participates in the National Flood Program, in each case in compliance with any applicable regulations of the
Board of Governors, and (b) replacement value property insurance on the Collateral under such policies of insurance, with such insurance companies, in such amounts, with such deductibles, and covering such risks as are carried or maintained
under similar circumstances by Persons of established reputation engaged in similar businesses. Each such policy of insurance shall (i) name Collateral Agent, for the benefit of the Secured Parties, as an additional insured thereunder as its
interests may appear, (ii) in the case of each property insurance policy, contain a loss payable clause or endorsement, satisfactory in form and substance to Collateral Agent, that names Collateral Agent, for the benefit of the Secured Parties,
as the loss payee thereunder and the Credit Parties shall use commercially reasonable efforts to cause such endorsement to provide for at least thirty days’ prior written notice to Collateral Agent of any modification or cancellation of such
policy; provided that, in the event that such endorsement does not provide for such notice to the Collateral Agent, the Borrower shall provide at least thirty days’ prior written notice to Collateral Agent of any modification or cancellation of
such policy. 
 5.6. Books and Records; Inspections. Each Credit Party will, and will cause each of its Subsidiaries to,
keep proper books of record and accounts in which full, true and correct entries, in accordance with customary practices for Persons engaged in similar businesses, shall be made of all material financial dealings and transactions in relation to its
business and activities. Each Credit Party will, and will cause each of its Subsidiaries to, permit any authorized representatives designated by the Administrative Agent (or, if an Event of Default has occurred and is continuing, any Lender) to
visit and inspect any of the properties of any Credit Party and any of its respective Subsidiaries, to inspect, copy and take extracts from its and their financial and accounting records, and to discuss its and their affairs, finances and accounts
with its and their officers and independent public accountants, all upon reasonable notice and at such 

  
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reasonable times during normal business hours and as often as may reasonably be requested; provided that (a) unless an Event of Default has occurred and is continuing, the Credit
Parties shall only be required to bear the expense of one such inspection in any Fiscal Year and (b) the Credit Parties and the Administrative Agent (or, as applicable, the Lender) shall each cooperate so that such inspection does not
materially disrupt the normal operations of the Credit Parties and their respective Subsidiaries. Notwithstanding the foregoing, neither the Credit Parties nor their respective Subsidiaries shall have any obligation to disclose (i) materials
that are subject to attorney-client privilege or attorney work product or (ii) materials the disclosure of which would violate any confidentiality obligations of any Credit Party or any such Subsidiary entered into in the ordinary course of
business. 
 5.7. Lenders Calls and Meetings. Holdings and Borrower will, upon the request of Administrative Agent or
Requisite Lenders, participate in a telephonic conference call with Administrative Agent and Lenders once during each Fiscal Quarter (or more often during the continuance of an Event of Default) at such time as may be agreed to by Borrower and
Administrative Agent (and, in any event, during normal business hours). Holdings and Borrower will, upon the request of Administrative Agent or Requisite Lenders, participate in a meeting of Administrative Agent and Lenders once during each Fiscal
Year (or more often during the continuance of an Event of Default) to be held at Borrower’s corporate offices (or at such other location as may be agreed to by Borrower and Administrative Agent) at such time as may be agreed to by Borrower and
Administrative Agent (and, in any event, during normal business hours). 
 5.8. Compliance with Laws. Each Credit Party
will comply, and shall cause each of its Subsidiaries to comply, with the requirements of all applicable laws, rules, regulations and orders of any Governmental Authority (including all applicable Environmental Laws), noncompliance with which could
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 
 5.9. Environmental.

 (a) Environmental Disclosure. Holdings will deliver to Administrative Agent and Lenders: 

(i) as soon as practicable following Holdings’ or its Subsidiaries’ receipt thereof, copies of all environmental
audits, investigations and reports of any kind or character, whether prepared by personnel of Holdings or any of its Subsidiaries or by independent consultants, Governmental Authorities or any other Persons, with respect to significant environmental
matters at any Facility or with respect to any Environmental Claims that, in each case, would reasonably be expected to result in costs to Holdings or any of its subsidiaries in excess of $10.0 million; 

(ii) promptly upon the occurrence thereof, written notice describing in reasonable detail (1) any Release by Holdings
or any of its subsidiaries required to be reported to any Governmental Authority under any applicable Environmental Laws, (2) any remedial action taken by Holdings or any other Person in response to (A) any Hazardous Materials Activities
the existence of which could reasonably be expected to 

  
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result in one or more Environmental Claims having, individually or in the aggregate, a Material Adverse Effect, or (B) any Environmental Claims that, individually or in the aggregate, could
reasonably be expected to result in a Material Adverse Effect, and (3) Holdings or Borrower’s discovery of any occurrence or condition on any real property adjoining or in the vicinity of any Facility that could reasonably be expected to
cause such Facility or any part thereof to be subject to any applicable material restrictions on the ownership, occupancy, transferability or use thereof under any Environmental Laws; 

(iii) as soon as practicable following the sending or receipt thereof by Holdings or any of its Subsidiaries, a copy of
any and all material written communications, but with respect to privileged communications shall provide only such portion of that material that is not subject to any applicable privilege (including without limitation any final data collected or
samples taken), with respect to (1) any Environmental Claims that, individually or in the aggregate, could reasonably be expected to give rise to a Material Adverse Effect, (2) any Release by Holdings or any of its subsidiaries required to
be reported to any Governmental Authority under any applicable Environmental Laws, and (3) any request for information from any Governmental Authority that indicates such Governmental Authority is investigating whether Holdings or any of its
Subsidiaries may be potentially responsible for any Hazardous Materials Activity that could reasonably be expected to result in costs to Holdings or any of its subsidiaries in excess of $10.0 million; and 

(iv) except to the extent set forth in the Financial Plan for the applicable Fiscal Year, prompt written notice describing
in reasonable detail (1) any proposed acquisition of stock, assets, or property by Holdings or any of its Subsidiaries that could reasonably be expected to (A) expose Holdings or any of its Subsidiaries to, or result in, Environmental
Claims that could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect or (B) adversely and materially affect the ability of Holdings or any of its Subsidiaries to maintain in full force and effect all
material Governmental Authorizations required under any Environmental Laws for their respective operations and (2) any proposed action to be taken by Holdings or any of its Subsidiaries to modify current operations in a manner that could
reasonably be expected to subject Holdings or any of its Subsidiaries to any additional material obligations or requirements under any Environmental Laws that could reasonably be expected to result in costs to Holdings or any of its subsidiaries in
excess of $10.0 million. 
 (b) Hazardous Materials Activities, Etc. Each Credit Party shall promptly take, and shall
cause each of its Subsidiaries promptly to take, any and all actions necessary to (i) cure any violation of applicable Environmental Laws by such Credit Party or its Subsidiaries that could reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect, and (ii) make an appropriate response to any Environmental Claim against such Credit Party or any of its Subsidiaries and discharge any obligations it may have to any Person as a result of such
Environmental Claim where failure to do so could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; provided, however, that nothing herein shall be construed to preclude any Credit Party or its
subsidiaries from contesting or challenging such Environmental Claim. 

  
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 5.10. Subsidiaries. In the event that any Person becomes a Domestic Subsidiary or a
Foreign Pass-Through Subsidiary of Borrower (other than an Immaterial Subsidiary or an Unrestricted Subsidiary) or any Unrestricted Subsidiary is converted into a Restricted Subsidiary that is a Domestic Subsidiary or Foreign Pass-Through Subsidiary
(other than an Immaterial Subsidiary), in each case, after the Closing Date, Borrower shall (a) promptly cause such Domestic Subsidiary or Foreign Pass-Through Subsidiary to become a Guarantor hereunder and a Grantor under the Pledge and
Security Agreement by executing and delivering to Administrative Agent and Collateral Agent a Counterpart Agreement, and (b) take all such actions and execute and deliver, or cause to be executed and delivered, all such documents, instruments,
agreements, and certificates reasonably requested by Collateral Agent, in each case, to the extent applicable, similar to those described in Section 3.1. In the event that any Person becomes a CFC Subsidiary of Borrower (other than an
Immaterial Subsidiary or an Unrestricted Subsidiary) or any Unrestricted Subsidiary is converted into a Restricted Subsidiary that is a CFC Subsidiary (other than an Immaterial Subsidiary) after the Closing Date, and the ownership interests of such
CFC Subsidiary are owned by Borrower or by any Subsidiary (other than an Immaterial Subsidiary or an Unrestricted Subsidiary) thereof, Borrower shall, or shall cause such Subsidiary to, deliver all such documents, instruments, agreements, and
certificates as are similar to those described in Section 3.1(b), and Borrower shall take, or shall cause such Subsidiary to take, all of the actions referred to in Section 3.1(h)(i) necessary to grant and to perfect a First Priority Lien
in favor of Collateral Agent, for the benefit of Secured Parties, under the Pledge and Security Agreement in stock representing (i) 65% of the total combined voting power of the issued and outstanding voting stock or other voting equity
interests and (ii) 100% of the non-voting stock or other equity interests in such CFC Subsidiary. With respect to each such Subsidiary described in the previous two sentences, Borrower shall promptly send to Administrative Agent written notice
setting forth with respect to such Person (i) the date on which such Person became a Subsidiary of Borrower or was converted into a Restricted Subsidiary, as applicable, and (ii) all of the data required to be set forth in Schedules 4.1
and 4.2 with respect to all Subsidiaries of Borrower; and such written notice shall be deemed to supplement Schedule 4.1 and 4.2 for all purposes hereof. Notwithstanding anything to the contrary herein or any other Credit document,
(a) neither Holdings nor any of its Subsidiaries shall be required to grant a security interest in (i) the Equity Interests of any Unrestricted Subsidiary or (ii) any Excluded Assets (as defined in the Pledge and Security Agreement),
(b) in no case shall stock or other Equity Interests representing more than 65% of the total combined voting power of a CFC Subsidiary be pledged directly or indirectly to secure the Secured Obligations (including by virtue of a pledge of
Equity Interests in a Disregarded Entity that owns a CFC Subsidiary) (c) no CFC Subsidiary (or Disregarded Entity that is a direct or indirect subsidiary of such CFC Subsidiary) shall guaranty directly or indirectly the Secured Obligations and
(d) no asset of any CFC Subsidiary (or Disregarded Entity that is a direct or indirect Subsidiary of such CFC Subsidiary), including any Equity Interests in its Subsidiaries and including the assets of any Subsidiary shares of which are owned
by a CFC Subsidiary, shall directly or indirectly serve as security for the obligations under the Credit Documents. 
 5.11.
Additional Material Real Estate Assets. In the event that (w) any Credit Party acquires a Material Real Estate Asset, (x) a Real Estate Asset owned on the Closing Date becomes a Material Real Estate Asset, (y) Borrower failed to
deliver the documentation required by, and otherwise comply with, Section 3.1(g) with respect to a Material Real Estate Asset 

  
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owned on the Closing Date, or (z) any Unrestricted Subsidiary that owns a Material Real Estate Asset is converted into a Restricted Subsidiary after the Closing Date and such interest in
such Material Real Estate Asset has not otherwise been made subject to the Lien of the Collateral Documents in favor of Collateral Agent, for the benefit of Secured Parties, then such Credit Party shall promptly take all such actions and execute and
deliver, or cause to be executed and delivered, (a) mortgages, opinions, title policies and certificates similar to those described in Section 3.1(g) and (b) all final (including final internal, non-privileged) environmental audits
and reports in such Credit Party’s possession that were prepared in the four years prior to the date of the acquisition of, or conversion into, such material Real Estate Asset by any Credit Party, and which materially bears on such Credit
Party’s compliance with or liability under Environmental Law in connection with such Material Real Estate Asset, including those concerning the actual or suspected existence of Hazardous Material at any such Material Real Estate Asset so
acquired or converted by any Credit Party after the Closing Date, in each case with respect to each such Material Real Estate Asset that Collateral Agent shall reasonably request to create in favor of Collateral Agent, for the benefit of Secured
Parties, a valid and, subject to any filing and/or recording referred to herein, perfected First Priority security interest in such Material Real Estate Assets. In addition to the foregoing, Borrower shall, at the request of Collateral Agent,
deliver, from time to time, but not more often than once in any 24-month period (unless an Event of Default has occurred and is continuing), to Collateral Agent such appraisals as are required by law or regulation of Real Estate Assets, if any, with
respect to which Collateral Agent has been granted a Lien. 
 5.12. Further Assurances. At any time or from time to time
upon the request of Administrative Agent, each Credit Party will, at its expense, promptly execute, acknowledge and deliver such further documents and do such other acts and things as Administrative Agent or Collateral Agent may reasonably request
in order to effect fully the purposes of the Credit Documents. In furtherance and not in limitation of the foregoing, each Credit Party shall take such actions as Administrative Agent or Collateral 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 Collateral. 
 5.13.
Maintenance of Ratings. At all times, Borrower shall use commercially reasonable efforts to maintain (i) a public corporate family rating issued by Moody’s and a public corporate credit rating issued by S&P and (ii) a public
credit rating from each of Moody’s and S&P with respect to the Loans. 
 5.14. Designation of Subsidiaries. The
board of directors (or similar governing body) of Borrower may at any time designate any Restricted Subsidiary or any newly formed or acquired Subsidiary as an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary;
provided that (i) immediately before and after such designation, no Event of Default shall have occurred and be continuing, (ii) immediately after giving effect to such designation, the Net Leverage Ratio shall not exceed 1.75:1.00,
(iii) no Subsidiary may be designated as an Unrestricted Subsidiary if it is a “Restricted Subsidiary” for the purpose of any Subordinated Indebtedness, the Revolving Credit Agreement or any Refinancing Indebtedness, (iv) no
Restricted Subsidiary may be designated as an Unrestricted Subsidiary if it was previously designated an Unrestricted Subsidiary, (v) Borrower shall deliver to Administrative Agent at 

  
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least five Business Days prior to such designation a certificate of an Authorized Officer of Borrower, demonstrating compliance with the foregoing clauses (i) through (iv) of this
Section 5.14 and, if applicable, certifying that such subsidiary meets the requirements of an “Unrestricted Subsidiary” and (vi) at least three days prior to the designation of any Unrestricted Subsidiary as a Restricted
Subsidiary, the Lenders shall have received all documentation and other information required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the PATRIOT Act,
with respect to such subsidiary (to the extent requested at least five days prior to the designation). The designation of any subsidiary as an Unrestricted Subsidiary shall constitute an Investment by Borrower therein at the date of designation in
an amount equal to the fair market value of Borrower’s Investment therein; provided that upon a redesignation of such subsidiary as a Restricted Subsidiary, if such newly redesignated Restricted Subsidiary is not a wholly-owned Guarantor
Subsidiary, for purposes of Section 6.6(d), Borrower shall be deemed to continue to have an Investment in such newly redesignated Restricted Subsidiary in an amount (if positive) equal to (i) the lesser of (A) the fair market value of
Investments of Borrower and its Subsidiaries in such Unrestricted Subsidiary at the time of such redesignation, combination or transfer (or of the assets transferred or conveyed, as applicable) and (B) the fair market value of Investments of
Borrower and its Subsidiaries made in connection with the designation of such Subsidiary as an Unrestricted Subsidiary minus (ii) the portion (proportionate to Borrower’s and its Subsidiaries’ Equity Interest in such
Subsidiary) of the fair market value of the net assets of such Subsidiary at the time of such redesignation. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute the incurrence at the time of designation of any
Indebtedness or Liens of such Subsidiary existing at such time. On the Closing Date, Consolidated Water Power Co. shall be an Unrestricted Subsidiary. 
 5.15. Post-Closing Obligations. 
 (a) Promptly but in any event within sixty
(60) days following the Closing Date (or such later date agreed to by the Administrative Agent), the Borrower shall use commercially reasonable efforts to deliver to the Collateral Agent executed Landlord Personal Property Collateral Access
Agreements with respect to the Leasehold Properties located at 8540 Gander Creek Drive, Miamisburg, Ohio and 1101 Perimeter Drive, Suite 475, Schaumburg, Illinois. 
 (b) Promptly but in any event within thirty (30) days following the Closing Date (or such later date agreed to by the Administrative Agent), the Borrower shall open the Term Loan Asset Proceeds
Account and ensure that the Collateral Agent has, subject to the priorities set forth in the Intercreditor Agreement, Control (as defined in the Pledge and Security Agreement) thereof; provided that, prior to satisfying the requirements set forth in
the clause (b), Holdings and its Subsidiaries shall not voluntarily enter into any transaction that would otherwise require the proceeds of such transaction to be deposited in the Term Loan Asset Proceeds Account. 

(c) Promptly but in any event within five (5) Business Days following the Closing Date (or such later date agreed to by the
Administrative Agent), the Borrower shall deliver to the Collateral Agent the opinions of counsel in the states of Wisconsin and Michigan described in Sections 3.1(g)(ii) and 3.1(l). 

  
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 (d) Promptly but in any event on or prior to December 31, 2012 (or such later date
agreed to by the Administrative Agent), the Borrower shall deliver to the Collateral Agent the Title Policies and related documentation described in Section 3.1(g)(iii) with respect to the each Closing Date Mortgaged Property. 

SECTION 6. NEGATIVE COVENANTS 
 Each Credit Party covenants and agrees that, until payment in full of all Obligations, such Credit Party shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this
Section 6. 
 6.1. Indebtedness. No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or
indirectly, create, incur, assume or guaranty, or otherwise become or remain directly or indirectly liable with respect to any Indebtedness, except: 
 (a) the Obligations (including, for the avoidance of doubt, any New Term Loans incurred in accordance with this Agreement); 
 (b) Indebtedness of any Subsidiary to Borrower or to any other Subsidiary, or of Borrower to any Subsidiary; provided, (i) all such Indebtedness (x) among Credit Parties shall be
evidenced by the Intercompany Note, and, (y) if owed by a Subsidiary that is not a Credit Party to a Credit Party, shall be evidenced by an intercompany note in form and substance substantially similar to the Intercompany Note, which
Intercompany Note or intercompany note shall be subject to a First Priority Lien pursuant to the Pledge and Security Agreement, (ii) all such Indebtedness shall be unsecured and subordinated in right of payment to the payment in full of the
Obligations pursuant to the terms of the Intercompany Note or otherwise agreed to by Administrative Agent (iii) any payment by any Guarantor Subsidiary under any guaranty of the Obligations shall result in a pro tanto reduction of the amount of
any Indebtedness owed by such Guarantor Subsidiary to Borrower or to any of its Subsidiaries for whose benefit such payment is made and (iv) such Indebtedness is permitted as an Investment under Section 6.6(d); 

(c) Indebtedness incurred by Holdings or any of its Subsidiaries arising from agreements providing for indemnification, adjustment of
purchase price or similar obligations (including Indebtedness consisting of the deferred purchase price of property acquired in a Permitted Acquisition, “Earn Out Indebtedness”), or from guaranties or letters of credit, surety bonds
or performance bonds securing the performance of Borrower or any such Subsidiary pursuant to such agreements, in connection with Permitted Acquisitions or permitted dispositions of any business, assets or Subsidiary of Holdings or any of its
Subsidiaries; 
 (d) Indebtedness which may be deemed to exist pursuant to any guaranties, performance, surety, statutory, appeal
or similar obligations incurred in the ordinary course of business; 

  
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 (e) Cash Management Obligations, “Banking Services Obligations” as defined in, and
as permitted under Section 6.01(e) of, the Revolving Credit Agreement as in effect on the Closing Date and other Indebtedness in respect of netting services, overdraft protections and otherwise in connection with deposit accounts; 

(f) guaranties in the ordinary course of business of the obligations of suppliers, customers, franchisees and licensees of Borrower and
its Subsidiaries; 
 (g) guaranties by Borrower of Indebtedness of a Guarantor Subsidiary or guaranties by a Guarantor Subsidiary
of Indebtedness of Borrower or another Guarantor Subsidiary with respect, in each case, to Indebtedness otherwise permitted to be incurred pursuant to this Section 6.1; provided, that if the Indebtedness that is being guaranteed is
unsecured and/or subordinated to the Obligations, the guaranty shall also be unsecured and/or subordinated to the Obligations; 

(h) Permitted Junior/Unsecured Incremental Debt and any Permitted Refinancing Indebtedness in respect thereof; provided, that any
such Permitted Refinancing Indebtedness shall also satisfy the conditions set forth in clauses (i) through (v) of the definition of “Permitted Junior/Unsecured Incremental Debt”; 

(i) Indebtedness described in Schedule 6.1, but not any extensions, renewals or replacements of such Indebtedness except
(i) renewals and extensions expressly provided for in the agreements evidencing any such Indebtedness as the same are in effect on the date of this Agreement and (ii) Permitted Refinancing Indebtedness in respect thereof; 

(j) Indebtedness of Borrower or its Subsidiaries with respect to Capital Leases in an aggregate amount not to exceed at any time
$50,000,000; 
 (k) purchase money Indebtedness of Borrower or its Subsidiaries in an aggregate amount not to exceed at any time
$50,000,000; provided, any such Indebtedness (i) shall be secured only by the asset acquired in connection with the incurrence of such Indebtedness, and (ii) shall constitute not less than 75% of the aggregate consideration paid
with respect to such asset and any Permitted Refinancing Indebtedness in respect thereof; 
 (l) (i) Indebtedness of a
Person or Indebtedness attaching to assets of a Person that, in either case, becomes a Subsidiary or Indebtedness attaching to assets that are acquired by Borrower or any of its Subsidiaries, in each case after the Closing Date as the result of a
Permitted Acquisition, in an aggregate amount not to exceed the greater of (x) $25,000,000 and (y) such amount as would not cause the Net Leverage Ratio as of such date (calculated pro forma after giving effect to the incurrence of the
applicable Indebtedness) to exceed 2.00:1.00 at any one time outstanding, provided that (x) such Indebtedness existed at the time such Person became a Subsidiary or at the time such assets were acquired and, in each case, was not created
in anticipation thereof and (y) such Indebtedness is not guaranteed in any respect by Holdings or any Subsidiary (other than by any such person that so becomes a Subsidiary), and (ii) any Permitted Refinancing Indebtedness in respect
thereof; 

  
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 (m) subject to the Intercreditor Agreement, Indebtedness in respect of the Revolving Credit
Agreement and any amendments, modifications, supplements, extensions, renewals, exchanges, refinancings, restatements, restructurings or replacements thereof permitted under the Intercreditor Agreement, in each case, in an aggregate principal amount
not to exceed at any time $350.0 million; 
 (n) (i) Indebtedness under any Hedge Agreements entered into in the ordinary
course of business and not for speculative purposes; provided, that any Hedge Agreement that could result in any uncovered short positions with respect to commodities shall not be permitted pursuant to this clause (n) and
(ii) Indebtedness under any “Designated Hedge Agreements” as defined in, and as permitted under Section 6.01(n) of, the Revolving Credit Agreement as in effect on the Closing Date; 

(o) obligations on account of (i) current liabilities of the Credit Parties or their respective Subsidiaries incurred in the ordinary
course of business but not incurred through (x) the borrowing of money or (y) the obtaining of credit except for credit on an open account basis customarily extended in connection with purchases of goods and services in the ordinary course
of business and (ii) non-current accounts payable which the applicable Credit Party or Subsidiary is contesting in good faith and by appropriate proceedings diligently conducted and with respect to which adequate reserves have been established
and are being maintained in accordance with GAAP; 
 (p) Indebtedness in respect of (i) Taxes, to the extent that payment
therefor shall not at the time be required to be made in accordance with the provisions of Section 5.3 and (ii) other assessments, governmental charges or levies or claims for labor, materials and supplies in the ordinary course of
business to the extent such assessments, governmental charges or levies or claims are being contested in good faith by appropriate proceedings promptly instituted and diligently conducted, so long as an adequate reserve or other appropriate
provision, as shall be required in conformity with GAAP shall have been made therefor; 
 (q) other Indebtedness of Borrower and
its Subsidiaries in an aggregate amount not to exceed at any time $50,000,000; and 
 (r) Refinancing Indebtedness provided that
(A) no Default or Event of Default shall exist before or after giving effect to the incurrence of such Refinancing Indebtedness, (B) Borrower shall deliver to Administrative Agent at least five Business Days prior to the incurrence of such
Refinancing Indebtedness (i) a certificate of an Authorized Officer certifying (a) that such Indebtedness constitutes Refinancing Indebtedness and (b) compliance with clause (A) of this proviso, and (C) Borrower shall
deliver to Administrative Agent no later than ten Business Days after the incurrence of such Refinancing Indebtedness a certificate of an Authorized Officer certifying that attached thereto are true, correct and complete copies of the material
documents governing such Refinancing Indebtedness. 
 6.2. Liens. No Credit Party shall, nor shall it permit any of its
Subsidiaries to, directly or indirectly, create, incur, assume or permit to exist any Lien on or with respect to any property or asset of any kind (including any document or instrument in respect of goods or accounts 

  
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receivable) of Holdings or any of its Subsidiaries, whether now owned or hereafter acquired or licensed, or any income, profits or royalties therefrom, or file or permit the filing of, or permit
to remain in effect, any financing statement or other similar notice of any Lien with respect to any such property, asset, income, profits or royalties under the UCC of any State or under any similar recording or notice statute or under any
applicable intellectual property laws, rules or procedures, except: 
 (a) Liens in favor of Collateral Agent for the benefit of
Secured Parties granted pursuant to any Credit Document; 
 (b) Liens for Taxes if obligations with respect to such Taxes are
being contested in good faith by appropriate proceedings promptly instituted and diligently conducted and adequate reserves have been made in accordance with GAAP; 
 (c) statutory Liens of landlords, banks (and rights of set-off), of carriers, warehousemen, mechanics, repairmen, workmen, suppliers and materialmen, and other Liens imposed by law (other than any such
Lien imposed pursuant to Section 430(k) of the Internal Revenue Code or ERISA or a violation of Section 436 of the Internal Revenue Code), in each case incurred in the ordinary course of business (i) for amounts not yet overdue or
(ii) for amounts that are overdue and that (in the case of any such amounts overdue for a period in excess of 30 days) are being contested in good faith by appropriate proceedings, so long as such reserves or other appropriate provisions, if
any, as shall be required by GAAP shall have been made for any such contested amounts; 
 (d) Liens incurred in the ordinary
course of business in connection with workers’ compensation, unemployment insurance and other types of social security, or to secure the performance of tenders, statutory obligations, surety and appeal bonds, bids, leases, government contracts,
trade contracts, performance and return-of-money bonds and other similar obligations (exclusive of obligations for the payment of borrowed money or other Indebtedness), so long as no foreclosure, sale or similar proceedings have been commenced with
respect to any portion of the Collateral on account thereof; 
 (e) easements, rights-of-way, restrictions, encroachments, and
other minor defects or irregularities in title, in each case which do not and will not interfere in any material respect with the ordinary conduct of the business of Holdings or any of its Subsidiaries; 

(f) any interest or title of a lessor or sublessor under any lease of real estate permitted hereunder; 

(g) Liens solely on any Cash earnest money deposits or escrow or similar arrangements made by Holdings or any of its Subsidiaries in
connection with any letter of intent or purchase agreement permitted hereunder; 
 (h) purported Liens evidenced by the filing of
precautionary UCC financing statements relating solely to operating leases of personal property entered into in the ordinary course of business; 

  
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 (i) Liens in favor of customs and revenue authorities arising as a matter of law to secure
payment of customs duties in connection with the importation of goods; 
 (j) any zoning or similar law or right reserved to or
vested in any governmental office or agency to control or regulate the use of any real property; 
 (k) non-exclusive outbound
licenses of patents, copyrights, trademarks and other intellectual property rights granted by Holdings or any of its Subsidiaries in the ordinary course of business and not interfering in any material respect with the ordinary conduct of or
materially detracting from the value of the business of Borrower or such Subsidiary; 
 (l) Liens described in Schedule 6.2
(and, to the extent any Indebtedness underlying such Liens is refinanced with Permitted Refinancing Indebtedness, Liens securing such Permitted Refinancing Indebtedness) or on a title report delivered pursuant to Section 3.1(g)(iii);

 (m) Liens securing Indebtedness permitted pursuant to Section 6.1(j) and (k); provided, any such Lien shall
encumber only the asset acquired with the proceeds of such Indebtedness; 
 (n) Liens securing Indebtedness permitted by
Section 6.1(l), provided any such Lien shall encumber only those assets which secured such Indebtedness at the time such assets were acquired by Borrower or its Subsidiaries; 

(o) subject to the Intercreditor Agreement, Liens in favor of the Revolving Administrative Agent and/or Revolving Co-Collateral Agents
securing Indebtedness permitted pursuant to Section 6.1(m); 
 (p) customary security deposits under operating leases in the
ordinary course of business; 
 (q) customary rights of first refusal, “tag-along” and “drag-along” rights,
and put and call arrangements under joint venture agreements; 
 (r) in connection with the sale or transfer of any Equity
Interests or other assets in a transaction permitted under Section 6.7, customary rights and restrictions contained in agreements relating to such sale or transfer pending the completion thereof; 

(s) other Liens securing Indebtedness in an aggregate amount not to exceed $20,000,000 at any time outstanding; and 

(t) in each case subject to the applicable intercreditor agreement, Liens on the Collateral securing Indebtedness permitted by
Section 6.1(h), Permitted First Priority Refinancing Debt or Permitted Second Priority Refinancing Debt. 
 6.3. No
Further Negative Pledges. Except with respect to (a) specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to a sale or other disposition of assets permitted
hereunder, (b)

  
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restrictions by reason of customary provisions restricting assignments, subletting or other transfers contained in leases, licenses and similar agreements entered into in the ordinary course of
business (provided that such restrictions are limited to the property or assets secured by such Liens or the property or assets subject to such leases, licenses or similar agreements, as the case may be), (c) restrictions and conditions imposed
by any Credit Document, the Intercreditor Agreement, the Revolving Facility Credit Agreement and other documentation entered into in connection therewith, (d) restrictions and conditions existing on the date hereof identified on Schedule 6.3,
and amendments, modifications, extensions and renewals thereof (including any such extension or renewal arising as a result of an extension, renewal or refinancing of any Indebtedness containing such restriction or condition); provided, in each
case, that the scope of any such restriction or condition shall not have been expanded as a result thereof, (e) restrictions and conditions imposed by any agreement relating to secured Indebtedness permitted by Section 6.1(k) or (l);
provided, that such restrictions and conditions apply only to the assets securing such Indebtedness, (f) restrictions and conditions imposed by agreements binding on any Subsidiary (or on any Person not previously a Subsidiary that is merged or
consolidated with or into a Subsidiary in a transaction permitted hereunder) in existence at the time such Subsidiary became a Subsidiary (or at the time of such merger or consolidation); provided, that such restrictions and conditions apply only to
such Subsidiary (or, in the case of any such merger or consolidation, the Persons party thereto), and amendments, modifications, extensions or renewals thereof (including any such extension or renewal arising as a result of an extension, renewal or,
in the case of any such agreement relating to Indebtedness, refinancing of such agreement); provided, in each case, that the scope of any such restriction or condition shall not have been expanded as a result thereof, (g) in connection with the
sale of any Equity Interests in a Subsidiary or any other assets, customary restrictions and conditions contained in agreements relating to such sale pending the completion thereof; provided, that such restrictions and conditions apply only to the
Subsidiary or the other assets to be sold and such sale is permitted under Section 6.7, (h) restrictions and conditions contained in agreements and documents governing Indebtedness of any Subsidiary permitted hereunder that is not, and is
not required to become, a Credit Party hereunder; provided, that such restrictions and conditions apply only to such Subsidiary, and (i) restrictions in any Refinancing Indebtedness as long as, in the case of this clause (i), any restrictions
on the creation or assumption of any Lien upon any Credit Party’s properties or assets, whether now owned or hereafter acquired, to secure the Secured Obligations in Refinancing Indebtedness shall not be less favorable to the Secured Parties,
when taken as a whole, than any such restrictions in the Refinanced Debt, no Credit Party nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now
owned or hereafter acquired, to secure the Obligations. 
 6.4. Restricted Junior Payments. No Credit Party shall, nor
shall it permit any of its Subsidiaries or Affiliates that are controlled by Holdings or any of its Subsidiaries through any manner or means or through any other Person to, directly or indirectly, declare, order, pay, make or set apart, or agree to
declare, order, pay, make or set apart, any sum for any Restricted Junior Payment except that: 
 (a) any Subsidiary of Borrower
may declare and pay dividends or make other distributions ratably to its equity holders; 

  
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 (b) payments of reasonable and customary Earn Out Indebtedness will be permitted;
provided that both immediately prior to and after giving effect to the incurrence thereof, no Default or Event of Default shall exist or result therefrom; 
 (c) Borrower may make Restricted Junior Payments to Holdings (i) in an aggregate amount not to exceed $2,000,000 in any Fiscal Year, to the extent necessary to permit Holdings to pay general
administrative costs and expenses, so long as no Default or Event of Default shall have occurred and be continuing or shall be caused thereby, and (ii) in an amount not to exceed the lesser of (A) the Taxes that would have been payable by
the Borrower and/or its Subsidiaries as a stand-alone group and (B) the actual Tax liability of Holdings’ consolidated, combined, unitary or affiliated group (or, if Holdings is not the parent of the actual group, the Taxes that would have
been paid by Holdings, the Borrower and/or the Borrower’s Subsidiaries as a stand-alone group); 
 (d) Holdings or any of
its Subsidiaries may declare and pay dividends with respect to its respective Equity Interests payable solely in additional Equity Interests (other than Disqualified Equity Interests); 

(e) Holdings may make repurchases of its Equity Interests deemed to occur upon the “Cashless exercise” of stock options, stock
appreciation rights, warrants or similar equity or equity-based incentives or upon the vesting of restricted stock units, restricted stock or similar equity or equity-based incentives, if such Equity Interests represent the exercise price of such
options, stock appreciation rights, warrants or similar equity or equity-based incentives or represent withholding Taxes due upon such exercise or vesting; 
 (f) Holdings may make, and Borrower may make Restricted Junior Payments to Holdings to permit Holdings to make, Cash payments in lieu of the issuance of fractional shares representing insignificant
interests in Holdings in connection with the exercise of warrants, options or other securities convertible into or exchangeable for Equity Interests in Holdings; 
 (g) Holdings may make, and Borrower may make Restricted Junior Payments to Holdings to permit Holdings to make, Restricted Junior Payments in connection with the implementation of or pursuant to any
retirement, health, stock option and other benefit plans, bonus plans, carried interest programs, performance-based incentive plans, “promote” fee arrangements and other similar forms of compensation for the benefit of the directors,
officers and employees of Holdings and its Subsidiaries; 
 (h) so long as no Event of Default has occurred and is continuing,
Holdings may make, and Borrower may make Restricted Junior Payments to Holdings to permit Holdings to make, Restricted Junior Payments to repurchase or redeem Equity Interests of Holdings held by directors, officers, employees or consultants of
Holdings or any of its Subsidiaries or former directors, officers, employees, or consultants (or their transferees, estates or beneficiaries under their estates) of Holdings or any of its Subsidiaries, upon their death, disability, retirement,
severance or termination of employment or service; provided that the aggregate amount of Cash consideration paid for all such redemptions and payments shall not exceed, in any Fiscal Year, the sum of $10,000,000 plus the net Cash proceeds of any
“key-man” life insurance policies of Holdings and its Subsidiaries; provided, further, that the aggregate unused amounts in any Fiscal Year may be carried over to succeeding Fiscal Years; 

  
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 (i) Borrower may (i) make Restricted Junior Payments to Holdings so that Holdings may
make Restricted Junior Payments to its equity holders or the equity holders of any parent company of Holdings or (ii) make payments or prepayments of principal of, premium, if any, or interest on, or redeem, purchase, retire, defease (including
in-substance or legal defeasance), or make similar payments (including on account of any sinking fund) with respect to, any Subordinated Indebtedness in each case up to an amount not to exceed the Cumulative Amount as in effect immediately prior to
the making of such Restricted Junior Payment; 
 (j) after a Qualified IPO, Borrower may make Restricted Junior Payments to
Holdings so that Holdings may make Restricted Junior Payments to its equity holders or the equity holders of any direct or indirect parent company of Holdings in an aggregate amount not exceeding 6.0% per annum of the Net Equity Proceeds
received by Borrower from such Qualified IPO; provided that immediately prior to, and after giving effect thereto, no Default or Event of Default shall have occurred and be continuing or would result therefrom; and 

(k) to the extent constituting Restricted Junior Payments, payments or distributions reflected in the funds flow delivered to
Administrative Agent on the Closing Date permitted by Section 2.3 of this Agreement; 
 provided that any amount permitted to be
distributed to Holdings pursuant to the foregoing clauses (c), (f), (g) or (h) shall be permitted to be distributed by Holdings to Parent for such payment. 
 6.5. Restrictions on Subsidiary Distributions. Except as provided herein, no Credit Party shall, nor shall it permit any of its Subsidiaries to, create or otherwise cause or suffer to exist or
become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary of Borrower to (a) pay dividends or make any other distributions on any of such Subsidiary’s Equity Interests owned by Borrower or any
other Subsidiary of Borrower, (b) repay or prepay any Indebtedness owed by such Subsidiary to Borrower or any other Subsidiary of Borrower, (c) make loans or advances to Borrower or any other Subsidiary of Borrower, or (d) transfer,
lease or license any of its property or assets to Borrower or any other Subsidiary of Borrower other than restrictions (i) in agreements evidencing Indebtedness permitted by (A) Section 6.1(j), (k) or (l) (but only, in the
case of Section 6.1(l), to the extent such restrictions apply solely to the Person becoming a Subsidiary as a result of such Permitted Acquisition) that impose restrictions on the property so acquired, (B) Section 6.1(h) as long as,
in each case, the scope of any such restrictions on the above described abilities of any Subsidiary of Borrower in any agreement evidencing Indebtedness permitted by Section 6.1(h) shall not be less favorable to the Secured Parties, when taken
as a whole, than any such restrictions in this Agreement as in effect on the Closing Date, and (C) Section 6.1(m) as long as, in each case, the scope of any such restrictions on the above described abilities of any Subsidiary of Borrower
in any agreement evidencing Indebtedness permitted by Section 6.1(m) shall not be less favorable to the Secured Parties, when taken as a whole, than any such restrictions in the Revolving Credit Agreement as in effect on the Closing Date,
(ii) by reason of customary provisions restricting assignments, 

  
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subletting or other transfers contained in leases, licenses, joint venture agreements and similar agreements entered into in the ordinary course of business, (iii) that are or were created
by virtue of any transfer of, agreement to transfer or option or right with respect to any property, assets or Equity Interests not otherwise prohibited under this Agreement, (iv) described on Schedule 6.5, and amendments, modifications,
extensions and renewals thereof (including any such extension or renewal arising as a result of an extension, renewal or refinancing of any Indebtedness containing such restriction or condition); provided, in each case, that the scope of any such
restriction or condition shall not have been expanded as a result thereof, (v) restrictions and conditions imposed by agreements binding on any Subsidiary (or on any Person not previously a Subsidiary that is merged or consolidated with or into
a Subsidiary in a transaction permitted hereunder) in existence at the time such Subsidiary became a Subsidiary (or at the time of such merger or consolidation); provided, that such restrictions and conditions apply only to such Subsidiary (or, in
the case of any such merger or consolidation, the Persons party thereto), and amendments, modifications, extensions or renewals thereof (including any such extension or renewal arising as a result of an extension, renewal or, in the case of any such
agreement relating to Indebtedness, refinancing of such agreement); provided, in each case, that the scope of any such restriction or condition shall not have been expanded as a result thereof and (vi) restrictions and conditions contained in
agreements and documents governing Indebtedness of any Subsidiary that is not, and is not required to become, a Credit Party hereunder; provided, that such restrictions and conditions apply only to such Subsidiary. 

6.6. Investments. No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, make or own any
Investment in any Person, including any Joint Venture, except: 
 (a) Investments in Cash and Cash Equivalents; 

(b) equity Investments owned as of the Closing Date in any Subsidiary and Investments made after the Closing Date in Borrower and any
wholly-owned Guarantor Subsidiary of Borrower; 
 (c) Investments (i) in any Securities received in satisfaction or partial
satisfaction thereof from financially troubled account debtors and (ii) deposits, prepayments and other credits to suppliers made in the ordinary course of business consistent with the past practices of Holdings and its Subsidiaries;

 (d) intercompany loans to the extent permitted under Section 6.1(b) and other Investments in Subsidiaries which are not
wholly-owned Guarantors, provided that such Investments (including through intercompany loans and any Permitted Acquisition) in Subsidiaries other than wholly-owned Guarantor Subsidiaries of Borrower shall not exceed at any time an aggregate
amount $25,000,000. 
 (e) (i) loans and advances to employees of Holdings and its Subsidiaries made in the ordinary course
of business and (ii) payroll, travel and similar advances to directors, officers and employees of Holdings or any Subsidiary to cover matters that are expected at the time of such advances to be treated as expenses of Holdings or such
Subsidiary for accounting purposes and that are made in the ordinary course of business, in the case of (i) and (ii), in an aggregate principal amount not to exceed $2,500,000; 

  
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 (f) Permitted Acquisitions permitted pursuant to Section 6.7; 

(g) Investments described in Schedule 6.6; 
 (h) Hedge Agreements which constitute Investments and “Designated Hedge Agreements” as defined in, and as permitted under Section 6.06(h) of, the Revolving Credit Agreement as in effect on
the Closing Date; 
 (i) extensions of credit to customers or advances, deposits and payments to or with suppliers, lessors or
utilities or for workers’ compensation, in each case, in the ordinary course of business that are recorded as accounts receivable, prepaid expenses or deposits on the balance sheet of Borrower and its Restricted Subsidiaries prepared in
accordance with GAAP; 
 (j) Investments constituting non-Cash consideration received by Borrower or any of its Restricted
Subsidiaries in connection with Asset Sales and other sales and dispositions permitted under Section 6.7; 
 (k) other
Investments in an aggregate amount not to exceed at any time (i) $75,000,000 less (ii) the aggregate amount of Investments in Subsidiaries which are not wholly-owned Guarantors outstanding pursuant to Section 6.6(d); and 

(l) other Investments in an aggregate amount not to exceed the Cumulative Amount as in effect immediately prior to the making of such
Investment. 
 6.7. Fundamental Changes; Disposition of Assets; Acquisitions. No Credit Party shall, nor shall it permit
any of its Subsidiaries to, enter into any transaction of merger or consolidation, or liquidate, wind-up or dissolve itself (or suffer any liquidation or dissolution), or convey, sell, lease or license, exchange, transfer or otherwise dispose of, in
one transaction or a series of transactions, all or any part of its business, assets or property of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible, whether now owned or hereafter acquired, leased or licensed,
or acquire by purchase or otherwise (other than purchases or other acquisitions of inventory, materials and equipment and capital expenditures in the ordinary course of business) the business, property or fixed assets of, or stock or other evidence
of beneficial ownership of, any Person or any division or line of business or other business unit of any Person, except: 
 (a)
(i) any Subsidiary of Borrower may be merged with or into Borrower or any Guarantor Subsidiary, or may be liquidated, wound up or dissolved, or all or any part of its business, property or assets may be conveyed, sold, leased, transferred or
otherwise disposed of, in one transaction or a series of transactions, to Borrower or any Guarantor Subsidiary; provided, in the case of such a merger, Borrower or such Guarantor Subsidiary, as applicable shall be the continuing or surviving
Person and (ii) any non-Guarantor Subsidiary of Borrower may be merged with or into any other non-Guarantor Subsidiary of Borrower, or be liquidated, wound up or dissolved, or all or any part of its business, property or assets may be conveyed,
sold, leased, transferred or otherwise disposed of, in one transaction or a series of transactions, to any other non-Guarantor Subsidiary; 

  
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 (b) sales or other dispositions of assets that do not constitute Asset Sales; 

(c) Asset Sales, the proceeds of which (valued at the principal amount thereof in the case of non-Cash proceeds consisting of notes or
other debt Securities and valued at fair market value in the case of other non-Cash proceeds), when aggregated with the proceeds of all other Asset Sales during the term of this Agreement, are less than $150,000,000; provided (1) the
consideration received for such assets shall be in an amount at least equal to the fair market value thereof (determined in good faith by the board of directors of Borrower (or similar governing body)), (2) no less than 75% thereof shall be
paid in Cash, and (3) the Net Asset Sale Proceeds thereof shall be applied as required by Section 2.11(a); 
 (d)
disposals of obsolete, worn out or surplus property in the ordinary course of business; 
 (e) Permitted Acquisitions;

 (f) Investments made in accordance with Section 6.6; and 

(g) Borrower or any Subsidiary may merge with any other Person in order to effect the designation of a Restricted Subsidiary as an
Unrestricted Subsidiary or an Unrestricted Subsidiary as a Restricted Subsidiary in accordance with Section 5.14. 

6.8. Disposal of Subsidiary Interests. Except for any sale of all of its interests in the Equity Interests of any of its
Subsidiaries in compliance with the provisions of Section 6.7, no Credit Party shall, nor shall it permit any of its Subsidiaries to, (a) directly or indirectly sell, assign, pledge or otherwise encumber (except to the extent permitted by
Section 6.5) or dispose of any Equity Interests of any of its Subsidiaries, except to qualify directors if required by applicable law; or (b) permit any of its Subsidiaries directly or indirectly to sell, assign, pledge or otherwise
encumber (except to the extent permitted by Section 6.5) or dispose of any Equity Interests of any of its Subsidiaries, except to another Credit Party (subject to the restrictions on such disposition otherwise imposed hereunder), or to qualify
directors if required by applicable law. 
 6.9. Sales and Lease-Backs. No Credit Party shall, nor shall it permit any of
its Subsidiaries to, directly or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any lease of any property (whether real, personal or mixed), whether now owned or hereafter acquired, which such Credit
Party (a) has sold or transferred or is to sell or to transfer to any other Person (other than Holdings or any of its Subsidiaries), or (b) intends to use for substantially the same purpose as any other property which has been or is to be
sold or transferred by such Credit Party to any Person (other than Holdings or any of its Subsidiaries) in connection with such lease. 

  
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 6.10. Transactions with Shareholders and Affiliates. No Credit Party shall, nor shall
it permit any of its Subsidiaries to, directly or indirectly, enter into or permit to exist any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any Affiliate of Holdings on terms
that are less favorable to Holdings or that Subsidiary, as the case may be, than those that might be obtained at the time from a Person who is not such a holder or Affiliate; provided, the foregoing restriction shall not apply to (a) any
transaction between Borrower and any Guarantor Subsidiary; (b) reasonable and customary compensation, reimbursement and other fees paid to members of the board of directors (or similar governing body) of Holdings and its Subsidiaries;
(c) compensation and reimbursement arrangements for officers and other employees of Holdings and its Subsidiaries entered into in the ordinary course of business; (d) Restricted Junior Payments permitted by Section 6.4(c), (d), (e),
(f), (g), (h), (i), (j) and (k); (e) Investments permitted by Section 6.6(e); and (f) transactions described in Schedule 6.10. 
 6.11. Conduct of Business. From and after the Closing Date, no Credit Party shall, nor shall it permit any of its Subsidiaries to, engage in any business other than (i) the businesses engaged
in by such Credit Party on the Closing Date and similar or related businesses and (ii) such other lines of business as may be consented to by Requisite Lenders. 
 6.12. Permitted Activities of Holdings. Holdings shall not (a) incur, directly or indirectly, any Indebtedness or any other obligation or liability whatsoever other than the Indebtedness and
obligations under this Agreement, the other Credit Documents and the Related Agreements or with respect to any Permitted Junior/Unsecured Incremental Debt or Refinancing Indebtedness; (b) create or suffer to exist any Lien upon any property or
assets now owned or hereafter acquired, leased or licensed by it other than the Liens created under the Collateral Documents to which it is a party or Permitted Liens; (c) engage in any business or activity or own any assets other than
(i) holding 100% of the Equity Interests of Borrower, (ii) performing its obligations and activities incidental thereto under the Credit Documents, and to the extent not inconsistent therewith, the Related Agreements or with respect to any
Permitted Junior/Unsecured Incremental Debt or Refinancing Indebtedness; and (iii) making Restricted Junior Payments and Investments to the extent permitted by this Agreement; (d) consolidate with or merge with or into, or convey,
transfer, lease or license all or substantially all its assets to, any Person; (e) sell or otherwise dispose of any Equity Interests of Borrower; (f) create or acquire any Subsidiary or make or own any Investment in any Person other than
Borrower; or (g) fail to hold itself out to the public as a legal entity separate and distinct from all other Persons. 

6.13. Amendments or Waivers of Organizational Documents. No Credit Party shall nor shall it permit any of its Subsidiaries to,
agree to any amendment, restatement, supplement or other modification to, or waiver of, any of its Organizational Documents in a manner materially adverse to the Lenders after the Closing Date without in each case obtaining the prior written consent
of Requisite Lenders to such amendment, restatement, supplement or other modification or waiver. 
 6.14. Amendments or
Waivers of Terms with respect to Certain Indebtedness. No Credit Party shall, nor shall it permit any of its Subsidiaries to, amend or otherwise change the terms of any Subordinated Indebtedness, or make any payment consistent with an amendment
thereof or change thereto, if the effect of such amendment or change is to increase the interest rate on such Subordinated Indebtedness, change (to earlier dates) any dates upon which payments of principal or interest are due thereon, change any
event of default or condition to an 

  
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event of default with respect thereto (other than to eliminate any such event of default or increase any grace period related thereto), change the redemption, prepayment or defeasance provisions
thereof, change the subordination provisions of such Subordinated Indebtedness (or of any guaranty thereof), or if the effect of such amendment or change, together with all other amendments or changes made, is to increase materially the obligations
of the obligor thereunder or to confer any additional rights on the holders of such Subordinated Indebtedness (or a trustee or other representative on their behalf) in a manner materially adverse to the Lenders except to the extent permitted by the
terms of any intercreditor or subordination agreement entered into by the Administrative Agent with respect to such Subordinated Indebtedness. 
 6.15. Fiscal Year. No Credit Party shall, nor shall it permit any of its Subsidiaries to change its Fiscal Year-end from December 31. 

SECTION 7. GUARANTY 
 7.1. Guaranty of the Obligations. Subject to the provisions of Section 7.2, Guarantors jointly and severally hereby irrevocably and unconditionally guaranty to Administrative Agent, for the
ratable benefit of the Beneficiaries, the due and punctual payment in full of all Obligations when the same shall become due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including amounts that
would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. § 362(a)) (collectively, the “Guaranteed Obligations”). Notwithstanding anything to the contrary
in this Agreement, the Guaranty by any Guarantor hereunder shall not guaranty any Guaranteed Obligation that constitutes an Excluded Swap Obligation with respect to such Guarantor. 

7.2. Contribution by Guarantors. All Guarantors desire to allocate among themselves (collectively, the “Contributing
Guarantors”), in a fair and equitable manner, their obligations arising under this Guaranty. Accordingly, in the event any payment or distribution is made on any date by a Guarantor (a “Funding Guarantor”) under this
Guaranty such that its Aggregate Payments exceeds its Fair Share as of such date, such Funding Guarantor shall be entitled to a contribution from each of the other Contributing Guarantors in an amount sufficient to cause each Contributing
Guarantor’s Aggregate Payments to equal its Fair Share as of such date. “Fair Share” means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to (a) the ratio of (i) the Fair
Share Contribution Amount with respect to such Contributing Guarantor to (ii) the aggregate of the Fair Share Contribution Amounts with respect to all Contributing Guarantors multiplied by (b) the aggregate amount paid or distributed on or
before such date by all Funding Guarantors under this Guaranty in respect of the Guaranteed Obligations. “Fair Share Contribution Amount” means, with respect to a Contributing Guarantor as of any date of determination, the maximum
aggregate amount of the obligations of such Contributing Guarantor under this Guaranty that would not render its obligations hereunder or thereunder subject to avoidance as a fraudulent transfer or conveyance under Section 548 of Title 11 of
the United States Code or any comparable applicable provisions of state law; provided, solely for purposes of calculating the “Fair Share Contribution Amount” with respect to any Contributing Guarantor for purposes of this
Section 7.2, any assets or liabilities of such Contributing Guarantor arising by virtue of any rights to subrogation, reimbursement or 

  
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indemnification or any rights to or obligations of contribution hereunder shall not be considered as assets or liabilities of such Contributing Guarantor. “Aggregate Payments”
means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to (1) the aggregate amount of all payments and distributions made on or before such date by such Contributing Guarantor in respect of this
Guaranty (including in respect of this Section 7.2), minus (2) the aggregate amount of all payments received on or before such date by such Contributing Guarantor from the other Contributing Guarantors as contributions under this
Section 7.2. The amounts payable as contributions hereunder shall be determined as of the date on which the related payment or distribution is made by the applicable Funding Guarantor. The allocation among Contributing Guarantors of their
obligations as set forth in this Section 7.2 shall not be construed in any way to limit the liability of any Contributing Guarantor hereunder. Each Guarantor is a third party beneficiary to the contribution agreement set forth in this
Section 7.2. 
 7.3. Payment by Guarantors. Subject to Section 7.2, Guarantors hereby jointly and severally
agree, in furtherance of the foregoing and not in limitation of any other right which any Beneficiary may have at law or in equity against any Guarantor by virtue hereof, that upon the failure of Borrower to pay any of the Guaranteed Obligations
when and as the same shall become due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including amounts that would become due but for the operation of the automatic stay under Section 362(a)
of the Bankruptcy Code, 11 U.S.C. § 362(a)), Guarantors will upon demand pay, or cause to be paid, in Cash, to Administrative Agent for the ratable benefit of Beneficiaries, an amount equal to the sum of the unpaid principal amount of
all Guaranteed Obligations then due as aforesaid, accrued and unpaid interest on such Guaranteed Obligations (including interest which, but for Borrower’s becoming the subject of a case under the Bankruptcy Code, would have accrued on such
Guaranteed Obligations, whether or not a claim is allowed against Borrower for such interest in the related bankruptcy case) and all other Guaranteed Obligations then owed to Beneficiaries as aforesaid. 

7.4. Liability of Guarantors Absolute. Each Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent
and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than payment in full of the Guaranteed Obligations. In furtherance of the foregoing and without limiting
the generality thereof, each Guarantor agrees as follows: 
 (a) this Guaranty is a guaranty of payment when due and not of
collectability. This Guaranty is a primary obligation of each Guarantor and not merely a contract of surety; 
 (b)
Administrative Agent may enforce this Guaranty upon the occurrence of an Event of Default notwithstanding the existence of any dispute between Borrower and any Beneficiary with respect to the existence of such Event of Default; 

(c) the obligations of each Guarantor hereunder are independent of the obligations of Borrower and the obligations of any other guarantor
(including any other Guarantor) of the obligations of Borrower, and a separate action or actions may be brought and prosecuted against such Guarantor whether or not any action is brought against Borrower or any of such other guarantors and whether
or not Borrower is joined in any such action or actions; 

  
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 (d) payment by any Guarantor of a portion, but not all, of the Guaranteed Obligations shall
in no way limit, affect, modify or abridge any Guarantor’s liability for any portion of the Guaranteed Obligations which has not been paid. Without limiting the generality of the foregoing, if Administrative Agent is awarded a judgment in any
suit brought to enforce any Guarantor’s covenant to pay a portion of the Guaranteed Obligations, such judgment shall not be deemed to release such Guarantor from its covenant to pay the portion of the Guaranteed Obligations that is not the
subject of such suit, and such judgment shall not, except to the extent satisfied by such Guarantor, limit, affect, modify or abridge any other Guarantor’s liability hereunder in respect of the Guaranteed Obligations; 

(e) any Beneficiary, upon such terms as it deems appropriate, without notice or demand and without affecting the validity or
enforceability hereof or giving rise to any reduction, limitation, impairment, discharge or termination of any Guarantor’s liability hereunder, from time to time may (i) renew, extend, accelerate, increase the rate of interest on, or
otherwise change the time, place, manner or terms of payment of the Guaranteed Obligations; (ii) settle, compromise, release or discharge, or accept or refuse any offer of performance with respect to, or substitutions for, the Guaranteed
Obligations or any agreement relating thereto and/or subordinate the payment of the same to the payment of any other obligations; (iii) request and accept other guaranties of the Guaranteed Obligations and take and hold security for the payment
hereof or the Guaranteed Obligations; (iv) release, surrender, exchange, substitute, compromise, settle, rescind, waive, alter, subordinate or modify, with or without consideration, any security for payment of the Guaranteed Obligations, any
other guaranties of the Guaranteed Obligations, or any other obligation of any Person (including any other Guarantor) with respect to the Guaranteed Obligations; (v) enforce and apply any security now or hereafter held by or for the benefit of
such Beneficiary in respect hereof or the Guaranteed Obligations and direct the order or manner of sale thereof, or exercise any other right or remedy that such Beneficiary may have against any such security, in each case as such Beneficiary in its
discretion may determine consistent herewith or the applicable Hedge Agreement or Cash Management Agreement and any applicable security agreement, including foreclosure on any such security pursuant to one or more judicial or nonjudicial sales,
whether or not every aspect of any such sale is commercially reasonable, and even though such action operates to impair or extinguish any right of reimbursement or subrogation or other right or remedy of any Guarantor against any other Credit Party
or any security for the Guaranteed Obligations; and (vi) exercise any other rights available to it under the Credit Documents or any Hedge Agreements or Cash Management Agreements; and 

(f) this Guaranty and the obligations of Guarantors hereunder shall be valid and enforceable and shall not be subject to any reduction,
limitation, impairment, discharge or termination for any reason (other than payment in full of the Guaranteed Obligations), including the occurrence of any of the following, whether or not any Guarantor shall have had notice or knowledge of any of
them: (i) any failure or omission to assert or enforce or agreement or election not to assert or enforce, or the stay or enjoining, by order of court, by operation of law or otherwise, of the exercise or enforcement of, any claim or demand or
any 

  
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right, power or remedy (whether arising under the Credit Documents or any Hedge Agreements or Cash Management Agreements, at law, in equity or otherwise) with respect to the Guaranteed
Obligations or any agreement relating thereto, or with respect to any other guaranty of or security for the payment of the Guaranteed Obligations; (ii) any rescission, waiver, amendment or modification of, or any consent to departure from, any
of the terms or provisions (including provisions relating to events of default) hereof, any of the other Credit Documents, any of the Hedge Agreements or Cash Management Agreements or any agreement or instrument executed pursuant thereto, or of any
other guaranty or security for the Guaranteed Obligations, in each case whether or not in accordance with the terms hereof or such Credit Document, such Hedge Agreement or Cash Management Agreement or any agreement relating to such other guaranty or
security; (iii) the Guaranteed Obligations, or any agreement relating thereto, at any time being found to be illegal, invalid or unenforceable in any respect; (iv) the application of payments received from any source (other than payments
received pursuant to the other Credit Documents or any of the Hedge Agreements or Cash Management Agreements or from the proceeds of any security for the Guaranteed Obligations, except to the extent such security also serves as collateral for
indebtedness other than the Guaranteed Obligations) to the payment of indebtedness other than the Guaranteed Obligations, even though any Beneficiary might have elected to apply such payment to any part or all of the Guaranteed Obligations;
(v) any Beneficiary’s consent to the change, reorganization or termination of the corporate structure or existence of Holdings or any of its Subsidiaries and to any corresponding restructuring of the Guaranteed Obligations; (vi) any
failure to perfect or continue perfection of a security interest in any collateral which secures any of the Guaranteed Obligations; (vii) any defenses, set-offs or counterclaims which Borrower may allege or assert against any Beneficiary in
respect of the Guaranteed Obligations, including failure of consideration, breach of warranty, payment, statute of frauds, statute of limitations, accord and satisfaction and usury; and (viii) any other act or thing or omission, or delay to do
any other act or thing, which may or might in any manner or to any extent vary the risk of any Guarantor as an obligor in respect of the Guaranteed Obligations. 
 7.5. Waivers by Guarantors. Each Guarantor hereby waives, for the benefit of Beneficiaries: (a) any right to require any Beneficiary, as a condition of payment or performance by such
Guarantor, to (i) proceed against Borrower, any other guarantor (including any other Guarantor) of the Guaranteed Obligations or any other Person, (ii) proceed against or exhaust any security held from Borrower, any such other guarantor or
any other Person, (iii) proceed against or have resort to any balance of any Deposit Account or credit on the books of any Beneficiary in favor of any Credit Party or any other Person, or (iv) pursue any other remedy in the power of any
Beneficiary whatsoever; (b) any defense arising by reason of the incapacity, lack of authority or any disability or other defense of Borrower or any other Guarantor including any defense based on or arising out of the lack of validity or the
unenforceability of the Guaranteed Obligations or any agreement or instrument relating thereto or by reason of the cessation of the liability of Borrower or any other Guarantor from any cause other than payment in full of the Guaranteed Obligations;
(c) any defense based upon any statute or rule of law which provides that the obligation of a surety must be neither larger in amount nor in other respects more burdensome than that of the principal; (d) any defense based upon any
Beneficiary’s errors or omissions in the administration of the Guaranteed Obligations, except behavior which amounts to bad faith; (e) (i) any principles or provisions of law, statutory or 

  
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otherwise, which are or might be in conflict with the terms hereof and any legal or equitable discharge of such Guarantor’s obligations hereunder, (ii) the benefit of any statute of
limitations affecting such Guarantor’s liability hereunder or the enforcement hereof, (iii) any rights to set-offs, recoupments and counterclaims, and (iv) promptness, diligence and any requirement that any Beneficiary protect,
secure, perfect or insure any security interest or lien or any property subject thereto; (f) notices, demands, presentments, protests, notices of protest, notices of dishonor and notices of any action or inaction, including acceptance hereof,
notices of default hereunder, the Hedge Agreements, the Cash Management Agreements or any agreement or instrument related thereto, notices of any renewal, extension or modification of the Guaranteed Obligations or any agreement related thereto,
notices of any extension of credit to Borrower and notices of any of the matters referred to in Section 7.4 and any right to consent to any thereof; and (g) any defenses or benefits that may be derived from or afforded by law which limit
the liability of or exonerate guarantors or sureties, or which may conflict with the terms hereof. 
 7.6. Guarantors’
Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor hereby waives any claim, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have
against Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right or remedy arises in equity, under contract, by
statute, under common law or otherwise and including (a) any right of subrogation, reimbursement or indemnification that such Guarantor now has or may hereafter have against Borrower with respect to the Guaranteed Obligations, (b) any
right to enforce, or to participate in, any claim, right or remedy that any Beneficiary now has or may hereafter have against Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by
any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other
Guarantor) of the Guaranteed Obligations, including any such right of contribution as contemplated by Section 7.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation,
reimbursement, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement or indemnification such Guarantor may have against
Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against Borrower, to all right, title and
interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement,
indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent on behalf of Beneficiaries and shall forthwith
be paid over to Administrative Agent for the benefit of Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof. 

  
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 7.7. Subordination of Other Obligations. Any Indebtedness of Borrower or any
Guarantor now or hereafter held by any Guarantor (the “Obligee Guarantor”) is hereby subordinated in right of payment to the Guaranteed Obligations, and any such Indebtedness collected or received by the Obligee Guarantor after an
Event of Default has occurred and is continuing shall be held in trust for Administrative Agent on behalf of Beneficiaries and shall forthwith be paid over to Administrative Agent for the benefit of Beneficiaries to be credited and applied against
the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof. 
 7.8. Continuing Guaranty. This Guaranty is a continuing guaranty and shall remain in effect until all of the Guaranteed Obligations shall have been paid in full. Each Guarantor hereby irrevocably
waives any right to revoke this Guaranty as to future transactions giving rise to any Guaranteed Obligations. 
 7.9.
Authority of Guarantors or Borrower. It is not necessary for any Beneficiary to inquire into the capacity or powers of any Guarantor or Borrower or the officers, directors or any agents acting or purporting to act on behalf of any of them.

 7.10. Financial Condition of Borrower. Any Loan may be made to Borrower or continued from time to time, and any Hedge
Agreements and Cash Management Agreements may be entered into from time to time, in each case without notice to or authorization from any Guarantor regardless of the financial or other condition of Borrower at the time of any such grant or
continuation or at the time such Hedge Agreement or Cash Management Agreement is entered into, as the case may be. No Beneficiary shall have any obligation to disclose or discuss with any Guarantor its assessment, or any Guarantor’s assessment,
of the financial condition of Borrower. Each Guarantor has adequate means to obtain information from Borrower on a continuing basis concerning the financial condition of Borrower and its ability to perform its obligations under the Credit Documents
and the Hedge Agreements and Cash Management Agreements, and each Guarantor assumes the responsibility for being and keeping informed of the financial condition of Borrower and of all circumstances bearing upon the risk of nonpayment of the
Guaranteed Obligations. Each Guarantor hereby waives and relinquishes any duty on the part of any Beneficiary to disclose any matter, fact or thing relating to the business, operations or conditions of Borrower now known or hereafter known by any
Beneficiary. 
 7.11. Bankruptcy, Etc. 
 (a) So long as any Guaranteed Obligations remain outstanding, no Guarantor shall, without the prior written consent of Administrative Agent acting pursuant to the instructions of Requisite Lenders,
commence or join with any other Person in commencing any bankruptcy, reorganization or insolvency case or proceeding of or against Borrower or any other Guarantor. The obligations of Guarantors hereunder shall not be reduced, limited, impaired,
discharged, deferred, suspended or terminated by any case or proceeding, voluntary or involuntary, involving the bankruptcy, insolvency, receivership, reorganization, liquidation or arrangement of Borrower or any other Guarantor or by any defense
which Borrower or any other Guarantor may have by reason of the order, decree or decision of any court or administrative body resulting from any such proceeding. 
 (b) Each Guarantor acknowledges and agrees that any interest on any portion of the Guaranteed Obligations which accrues after the commencement of any case or proceeding referred to in clause (a)
above (or, if interest on any portion of the Guaranteed Obligations ceases to accrue by operation of law by reason of the commencement of such case 

  
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or proceeding, such interest as would have accrued on such portion of the Guaranteed Obligations if such case or proceeding had not been commenced) shall be included in the Guaranteed Obligations
because it is the intention of Guarantors and Beneficiaries that the Guaranteed Obligations which are guaranteed by Guarantors pursuant hereto should be determined without regard to any rule of law or order which may relieve Borrower of any portion
of such Guaranteed Obligations. Guarantors will permit any trustee in bankruptcy, receiver, debtor in possession, assignee for the benefit of creditors or similar Person to pay Administrative Agent, or allow the claim of Administrative Agent in
respect of, any such interest accruing after the date on which such case or proceeding is commenced. 
 (c) In the event that all
or any portion of the Guaranteed Obligations are paid by Borrower, the obligations of Guarantors hereunder shall continue and remain in full force and effect or be reinstated, as the case may be, in the event that all or any part of such payment(s)
are rescinded or recovered directly or indirectly from any Beneficiary as a preference, fraudulent transfer or otherwise, and any such payments which are so rescinded or recovered shall constitute Guaranteed Obligations for all purposes hereunder.

 7.12. Discharge of Guaranty Upon Sale of Guarantor. If (A) all of the Equity Interests of any Guarantor or any of
its successors in interest hereunder shall be sold or otherwise disposed of (including by merger or consolidation) in accordance with the terms and conditions hereof or (B) if a Guarantor is designated as an Unrestricted Subsidiary in
accordance with Section 5.14, then in the case of each of clauses (A) and (B), the Guaranty of such Guarantor or such successor in interest, as the case may be, hereunder shall automatically be discharged and released without any further
action by any Beneficiary or any other Person effective as of the time of such Asset Sale or designation, as applicable. 

SECTION 8. EVENTS OF DEFAULT 
 8.1. Events of Default. If any one or more of the following conditions or events shall occur: 
 (a) Failure to Make Payments When Due. Failure by Borrower to pay (i) when due any installment of principal of any Loan, whether at stated maturity, by acceleration, by notice of voluntary
prepayment, by mandatory prepayment or otherwise; or (ii) any interest on any Loan or any fee or any other amount due hereunder within five days after the date due; or 
 (b) Default in Other Agreements. (i) Failure of any Credit Party or any of their respective Subsidiaries to pay when due any principal of or interest on or any other amount, including any
payment in settlement, payable in respect of one or more items of Indebtedness with an aggregate principal amount (or Net Mark-to-Market Exposure) of $25,000,000 or more, in each case beyond the grace period, if any, provided therefor; or
(ii) breach or default by any Credit Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Mark-to-Market Exposure) referred to in clause
(i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, if any, provided therefor, if the effect of such breach or default is to cause, or
to permit the 

  
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holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders), to cause, that Indebtedness to become or be declared due and payable (or subject to a compulsory
repurchase or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; provided, that clause (ii) shall not apply to secured Indebtedness that becomes due or subject to a mandatory
offer to repurchase, prepay, defease or redeem such Indebtedness as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness, if such sale or transfer is permitted hereunder and under the documents providing
for such Indebtedness; provided, further, that any breach or default or event of default under the Revolving Credit Agreement as a result of a breach of Section 6.16 of the Revolving Credit Agreement shall not constitute an Event of Default
under clause (ii) until the earliest to occur of (x) the date that is ninety (90) days after such breach or default (but only if such breach or default has not been waived or cured), (y) the acceleration of the Indebtedness under
the Revolving Credit Agreement and (z) the exercise of any remedies by the Revolving Administrative Agent or the Revolving Co-Collateral Agents in respect of any Collateral; or 

(c) Breach of Certain Covenants. Failure of any Credit Party to perform or comply with any term or condition contained in
Section 2.3, Section 5.2, Section 5.15 or Section 6; or 
 (d) Breach of Representations, Etc. Any
representation, warranty, certification or other statement made or deemed made by any Credit Party in any Credit Document or in any statement or certificate at any time given by any Credit Party or any of its Subsidiaries in writing pursuant hereto
or thereto or in connection herewith or therewith shall be false in any material respect as of the date made or deemed made; or 

(e) Other Defaults Under Credit Documents. Any Credit Party shall default in the performance of or compliance with any term
contained herein or any of the other Credit Documents, other than any such term referred to in any other paragraph of this Section 8.1, and such default shall not have been remedied or waived within thirty days after the earlier of (i) an
officer of such Credit Party becoming aware of such default or (ii) receipt by Borrower of notice from Administrative Agent or any Lender of such default; or 
 (f) Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of Holdings or any of its Subsidiaries in an
involuntary case under any Debtor Relief Laws now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be
commenced against Holdings or any of its Subsidiaries under any Debtor Relief Laws now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, trustee,
custodian or other officer having similar powers over Holdings or any of its Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver,
trustee or other custodian of Holdings or any of its Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of Holdings
or any of its Subsidiaries, and any such event described in this clause (ii) shall continue for sixty days without having been dismissed, bonded or discharged, in each case, other than with respect to an Immaterial Subsidiary; or 

  
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 (g) Voluntary Bankruptcy; Appointment of Receiver, Etc. (i) Holdings or any of
its Subsidiaries shall have an order for relief entered with respect to it or shall commence a voluntary case under any Debtor Relief Laws now or hereafter in effect, or shall consent to the entry of an order for relief in an involuntary case, or to
the conversion of an involuntary case to a voluntary case, under any such law, or shall consent to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its property; or Holdings or any of
its Subsidiaries shall make any assignment for the benefit of creditors; (ii) Holdings or any of its Subsidiaries shall be unable, or shall fail generally, or shall admit in writing its inability, to pay its debts as such debts become due; or
the board of directors (or similar governing body) of Holdings or any of its Subsidiaries (or any committee thereof) shall adopt any resolution or otherwise authorize any action to approve any of the actions referred to herein or in
Section 8.1(f); or (iii) any material suspension by Holdings or any Subsidiary of operation of its business (other than suspensions in the ordinary course of business, including, without limitation, mill downtime consistent with past
practices, including, without limitation, market and maintenance related downtime), in each case, other than with respect to an Immaterial Subsidiary; or 
 (h) Judgments and Attachments. Any money judgment, writ or warrant of attachment or similar process involving in the aggregate at any time an amount in excess of $25,000,000 (in each case, to the
extent not adequately covered by insurance as to which a solvent and unaffiliated insurance company has acknowledged coverage) shall be entered or filed against Holdings or any of its Subsidiaries or any of their respective assets and shall remain
undischarged, unvacated, unbonded or unstayed for a period of sixty days (or in any event later than five days prior to the date of any proposed sale thereunder); or 
 (i) Dissolution. Any order, judgment or decree shall be entered against any Credit Party decreeing the dissolution or split up of such Credit Party and such order shall remain undischarged or
unstayed for a period in excess of thirty days; or 
 (j) Employee Benefit Plans. (i) There shall occur one or more
ERISA Events which individually or in the aggregate results in or might reasonably be expected to result in liability of Holdings or any of its ERISA Affiliates in excess of $25,000,000 during the term hereof; or (ii) there exists any fact or
circumstance that reasonably could be expected to result in the imposition of a Lien or security interest pursuant to Section 430(k) of the Internal Revenue Code or ERISA or a violation of Section 436 of the Internal Revenue Code; or

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

(l) Guaranties, Collateral Documents and other Credit Documents. At any time after the execution and delivery thereof, (i) the
Guaranty for any reason, other than the satisfaction in full of all Obligations, shall cease to be in full force and effect (other than in accordance with its terms) or shall be declared to be null and void or any Guarantor shall repudiate its
obligations thereunder, (ii) this Agreement, the Intercreditor Agreement or any Collateral Document ceases to be in full force and effect (other than by reason of a release of Collateral in accordance with the terms hereof or thereof or the
satisfaction in full of the Obligations in accordance with the terms hereof) or shall be declared null and void, or Collateral Agent shall not have or shall cease to have a valid and perfected Lien in any

  
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Collateral purported to be covered by the Collateral Documents with the priority required by the relevant Collateral Document, in each case for any reason other than the failure of Collateral
Agent or any Secured Party to take any action within its control, or (iii) any Credit Party shall contest the validity or enforceability of any Credit Document or the Intercreditor Agreement in writing or deny in writing that it has any further
liability, including with respect to future advances by Lenders, under any Credit Document to which it is a party or shall contest the validity or perfection of any Lien in any Collateral purported to be covered by the Collateral Documents; or

 (m) Subordinated Indebtedness. Any Subordinated Indebtedness permitted hereunder or the guarantees thereof shall cease,
for any reason, to be validly subordinated to the Obligations of the Credit Parties hereunder, as provided in the indenture or loan agreement governing such Subordinated Indebtedness, or any Credit Party shall so assert; 

THEN, (1) upon the occurrence of any Event of Default described in Section 8.1(f) or 8.1(g), automatically, and (2) upon the
occurrence and during the continuance of any other Event of Default, at the request of (or with the consent of) Requisite Lenders, upon notice to Borrower by Administrative Agent, (A) each of the following shall immediately become due and
payable, in each case without presentment, demand, protest or other requirements of any kind, all of which are hereby expressly waived by each Credit Party: (I) the unpaid principal amount of and accrued interest and premium on the Loans and
(II) all other Obligations; and (B) Administrative Agent may cause Collateral Agent to enforce any and all Liens and security interests created pursuant to Collateral Documents. 

SECTION 9. AGENTS 
 9.1. Appointment of Agents. Goldman Sachs, JPMSI and Barclays are hereby appointed Bookrunners hereunder, and each Lender hereby authorizes Goldman Sachs, JPMSI and Barclays to act as Bookrunners
in accordance with the terms hereof and the other Credit Documents. Goldman Sachs is hereby appointed Syndication Agent hereunder, and each Lender hereby authorizes Goldman Sachs to act as Syndication Agent in accordance with the terms hereof and
the other Credit Documents. Barclays is hereby appointed Administrative Agent and Collateral Agent hereunder and under the other Credit Documents and each Lender hereby authorizes Barclays to act as Administrative Agent and Collateral Agent in
accordance with the terms hereof and the other Credit Documents. JPMSI is hereby appointed Documentation Agent hereunder, and each Lender hereby authorizes JPMSI to act as Documentation Agent in accordance with the terms hereof and the other Credit
Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and
no Credit Party shall have any rights as a third party beneficiary of any of the provisions thereof. In performing its functions and duties hereunder, each Agent shall act solely as an agent of Lenders and does not assume and shall not be deemed to
have assumed any obligation towards or relationship of agency or trust with or for Holdings or any of its Subsidiaries. Each of Syndication Agent and Documentation Agent, without consent of or notice to any party hereto, may assign any and all of
its rights or obligations hereunder to any of its Affiliates. As of the Closing Date, neither Goldman Sachs, JPMSI or Barclays, each in its 

  
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capacity as a Bookrunner and an Arranger, nor Goldman Sachs, in its capacity as Syndication Agent, nor JPMSI, in its capacity as Documentation Agent, shall have any obligations but shall be
entitled to all benefits of this Section 9. Each of Syndication Agent, Documentation Agent, each Bookrunner and any Agent described in clause (vii) of the definition thereof may resign from such role at any time, with immediate effect, by
giving prior written notice thereof to Administrative Agent and Borrower. 
 9.2. Powers and Duties. Each Lender
irrevocably authorizes each Agent to take such action on such Lender’s behalf and to exercise such powers, rights and remedies hereunder and under the other Credit Documents as are specifically delegated or granted to such Agent by the terms
hereof and thereof, together with such powers, rights and remedies as are reasonably incidental thereto. Each Agent shall have only those duties and responsibilities that are expressly specified herein and the other Credit Documents. Each Agent may
exercise such powers, rights and remedies and perform such duties by or through its agents or employees. No Agent shall have, by reason hereof or any of the other Credit Documents, a fiduciary relationship in respect of any Lender or any other
Person; and nothing herein or any of the other Credit Documents, expressed or implied, is intended to or shall be so construed as to impose upon any Agent any obligations in respect hereof or any of the other Credit Documents except as expressly set
forth herein or therein. Administrative Agent hereby agrees that it shall (i) furnish to any Arranger, upon such Arranger’s request, a copy of the Register, (ii) cooperate with each Arranger in granting access to any Lenders (or
potential lenders) who such Arranger identifies to the Platform and (iii) maintain each Arranger’s access to the Platform; provided, however, that Administrative Agent shall not be obligated to items (i) and
(iii) above in the event with respect to any Arranger that is administrative agent with respect to the Revolving Credit Agreement and Administrative Agent believes in good faith that such Arranger’s access to such information would be
adverse to the Lenders. 
 9.3. General Immunity. 

(a) No Responsibility for Certain Matters. No Agent shall be responsible to any Lender for the execution, effectiveness,
genuineness, validity, enforceability, collectability or sufficiency hereof or any other Credit Document or for any representations, warranties, recitals or statements made herein or therein or made in any written or oral statements or in any
financial or other statements, instruments, reports or certificates or any other documents furnished or made by any Agent to Lenders or by or on behalf of any Credit Party to any Agent or any Lender in connection with the Credit Documents and the
transactions contemplated thereby or for the financial condition or business affairs of any Credit Party or any other Person liable for the payment of any Obligations, nor shall any Agent be required to ascertain or inquire as to the performance or
observance of any of the terms, conditions, provisions, covenants or agreements contained in any of the Credit Documents or as to the use of the proceeds of the Loans or as to the existence or possible existence of any Event of Default or Default or
to make any disclosures with respect to the foregoing. Anything contained herein to the contrary notwithstanding, Administrative Agent shall not have any liability arising from confirmations of the amount of outstanding Loans or the component
amounts thereof. 

  
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 (b) Exculpatory Provisions. No Agent nor any of its officers, partners, directors,
employees or agents shall be liable to Lenders for any action taken or omitted by any Agent under or in connection with any of the Credit Documents except to the extent caused by such Agent’s gross negligence or willful misconduct, as
determined by a final, non-appealable judgment of a court of competent jurisdiction. Each Agent shall be entitled to refrain from any act or the taking of any action (including the failure to take an action) in connection herewith or any of the
other Credit Documents or from the exercise of any power, discretion or authority vested in it hereunder or thereunder unless and until such Agent shall have received instructions in respect thereof from Requisite Lenders (or such other Lenders as
may be required to give such instructions under Section 10.5) and, upon receipt of such instructions from Requisite Lenders (or such other Lenders, as the case may be), such Agent shall be entitled to act or (where so instructed) refrain from
acting, or to exercise such power, discretion or authority, in accordance with such instructions, including for the avoidance of doubt refraining from any action that, in its opinion or the opinion of its counsel, may be in violation of the
automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law. Without prejudice to the generality of the foregoing, (i) each
Agent shall be entitled to rely, and shall be fully protected in relying, upon any communication, instrument or document believed by it to be genuine and correct and to have been signed or sent by the proper Person or Persons, and shall be entitled
to rely and shall be protected in relying on opinions and judgments of attorneys (who may be attorneys for Holdings and its Subsidiaries), accountants, experts and other professional advisors selected by it; and (ii) no Lender shall have any
right of action whatsoever against any Agent as a result of such Agent acting or (where so instructed) refraining from acting hereunder or any of the other Credit Documents in accordance with the instructions of Requisite Lenders (or such other
Lenders as may be required to give such instructions under Section 10.5). 
 (c) Delegation of Duties. Administrative
Agent may perform any and all of its duties and exercise its rights and powers under this Agreement or under any other Credit Document by or through any one or more sub-agents appointed by Administrative Agent. Administrative Agent and any such
sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Affiliates. The exculpatory, indemnification and other provisions of this Section 9.3 and of Section 9.6 shall apply to any
the Affiliates of Administrative Agent and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. All of the rights, benefits, and
privileges (including the exculpatory and indemnification provisions) of this Section 9.3 and of Section 9.6 shall apply to any such sub-agent and to the Affiliates of any such sub-agent, and shall apply to their respective activities as
sub-agent as if such sub-agent and Affiliates were named herein. Notwithstanding anything herein to the contrary, with respect to each sub-agent appointed by Administrative Agent, (i) such sub-agent shall be a third party beneficiary under this
Agreement with respect to all such rights, benefits and privileges (including exculpatory rights and rights to indemnification) and shall have all of the rights and benefits of a third party beneficiary, including an independent right of action to
enforce such rights, benefits and privileges (including exculpatory rights and rights to indemnification) directly, without the consent or joinder of any other Person, against any or all of Credit Parties and the Lenders, (ii) such rights,
benefits and privileges (including exculpatory rights and rights to indemnification) shall not be modified or amended without the consent of such sub-agent, and (iii) such sub-agent 

  
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shall only have obligations to Administrative Agent and not to any Credit Party, Lender or any other Person and no Credit Party, Lender or any other Person shall have any rights, directly or
indirectly, as a third party beneficiary or otherwise, against such sub-agent. 
 9.4. Agents Entitled to Act as Lender.
The agency hereby created shall in no way impair or affect any of the rights and powers of, or impose any duties or obligations upon, any Agent in its individual capacity as a Lender hereunder. With respect to its participation in the Loans, each
Agent shall have the same rights and powers hereunder as any other Lender and may exercise the same as if it were not performing the duties and functions delegated to it hereunder, and the term “Lender” shall, unless the context clearly
otherwise indicates, include each Agent in its individual capacity. Any Agent and its Affiliates may accept deposits from, lend money to, own securities of, and generally engage in any kind of banking, trust, financial advisory or other business
with Holdings or any of its Affiliates as if it were not performing the duties specified herein, and may accept fees and other consideration from Borrower for services in connection herewith and otherwise without having to account for the same to
Lenders. 
 9.5. Lenders’ Representations, Warranties and Acknowledgment. 

(a) Each Lender represents and warrants that it has made its own independent investigation of the financial condition and affairs of
Holdings and its Subsidiaries in connection with Loans hereunder and that it has made and shall continue to make its own appraisal of the creditworthiness of Holdings and its Subsidiaries. No Agent shall have any duty or responsibility, either
initially or on a continuing basis, to make any such investigation or any such appraisal on behalf of Lenders or to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of
the Loans or at any time or times thereafter, and no Agent shall have any responsibility with respect to the accuracy of or the completeness of any information provided to Lenders. 

(b) Each Lender, by delivering its signature page to this Agreement, an Assignment Agreement or a Joinder Agreement and funding its Term
Loan on the Closing Date or by the funding of any New Term Loans, as the case may be, shall be deemed to have acknowledged receipt of, and consented to and approved, each Credit Document and each other document required to be approved by any Agent,
Requisite Lenders or Lenders, as applicable on the Closing Date or as of the date of funding of such New Term Loans. Notwithstanding anything herein to the contrary, each Lender also acknowledges that the Liens and security interests granted to the
Collateral Agent pursuant to the Pledge and Security Agreement and the exercise of any right or remedy by the Collateral Agent thereunder or under any other Collateral Document are subject to the provisions of the Intercreditor Agreement. In the
event of a conflict between the terms of the Intercreditor Agreement (on the one hand), this Agreement or any Collateral Documents (on the other hand), the terms of the Intercreditor Agreement shall govern and control. 

(c) Each Lender acknowledges that Borrower and certain Affiliates of the Credit Parties are Eligible Assignees hereunder and may purchase
Loans and/or Commitments hereunder from Lenders from time to time, subject to the restrictions set forth in the definition of “Eligible Assignee” and Section 10.6. 

  
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 9.6. Right to Indemnity. Each Lender, in proportion to its Pro Rata Share, severally
agrees to indemnify each Agent, to the extent that such Agent shall not have been reimbursed by any Credit Party, for and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including
counsel fees and disbursements) or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against such Agent (i) in exercising its powers, rights and remedies or performing its duties hereunder or under
the other Credit Documents or otherwise in its capacity as such Agent in any way relating to or arising out of this Agreement or the other Credit Documents or (ii) in connection with (A) the obtaining of approval of the Credit Documents by
the Bankruptcy Court and (B) the preparation and review of pleadings, documents and reports related to any Chapter 11 Case and any subsequent case under Chapter 7 of the Bankruptcy Code, attendance at meetings, court hearings or conferences
related to any Chapter 11 Case and any subsequent case under Chapter 7 of the Bankruptcy Code, and general monitoring of any Chapter 11 Case and any subsequent case under Chapter 7 of the Bankruptcy Code; provided, no Lender shall be liable
for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such Agent’s gross negligence or willful misconduct, as determined by a final,
non-appealable judgment of a court of competent jurisdiction. If any indemnity furnished to any Agent for any purpose shall, in the opinion of such Agent, be insufficient or become impaired, such Agent may call for additional indemnity and cease, or
not commence, to do the acts indemnified against until such additional indemnity is furnished; provided, in no event shall this sentence require any Lender to indemnify any Agent against any liability, obligation, loss, damage, penalty,
action, judgment, suit, cost, expense or disbursement in excess of such Lender’s Pro Rata Share thereof; and provided further, this sentence shall not be deemed to require any Lender to indemnify any Agent against any liability,
obligation, loss, damage, penalty, action, judgment, suit, cost, expense or disbursement described in the proviso in the immediately preceding sentence. 
 9.7. Successor Administrative Agent and Collateral Agent. 
 (a)
Administrative Agent shall have the right to resign at any time by giving prior written notice thereof to Lenders and Borrower and Administrative Agent may be removed at any time with or without cause by an instrument or concurrent instruments in
writing delivered to Borrower and Administrative Agent and signed by Requisite Lenders. Administrative Agent shall have the right to appoint a financial institution to act as Administrative Agent and/or Collateral Agent hereunder, subject to the
reasonable satisfaction of Borrower and the Requisite Lenders, and Administrative Agent’s resignation shall become effective on the earliest of (i) 30 days after delivery of the notice of resignation (regardless of whether a successor has
been appointed or not), (ii) the acceptance of such successor Administrative Agent by Borrower and the Requisite Lenders or (iii) such other date, if any, agreed to by Borrower and the Requisite Lenders. Upon any such notice of resignation
or any such removal, if a successor Administrative Agent has not already been appointed by the retiring Administrative Agent, Requisite Lenders shall have the right, upon five Business Days’ notice to Borrower, to appoint a successor
Administrative Agent, subject to the reasonable satisfaction of Borrower. If neither Requisite Lenders nor Administrative Agent have appointed a successor Administrative Agent, Requisite Lenders shall be deemed to have succeeded to and become vested
with all the rights, powers, privileges and duties of the retiring 

  
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Administrative Agent; provided that, until a successor Administrative Agent is so appointed by Requisite Lenders or Administrative Agent, any collateral security held by Administrative
Agent in its role as Collateral Agent on behalf of the Lenders under any of the Credit Documents shall continue to be held by the retiring Collateral Agent as nominee until such time as a successor Collateral Agent is appointed. Upon the acceptance
of any appointment as Administrative Agent hereunder by a successor Administrative Agent, that successor Administrative Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring or removed
Administrative Agent and the retiring or removed Administrative Agent shall promptly (i) transfer to such successor Administrative Agent all sums, Securities and other items of Collateral held under the Collateral Documents, together with all
records and other documents necessary or appropriate in connection with the performance of the duties of the successor Administrative Agent under the Credit Documents, and (ii) execute and deliver to such successor Administrative Agent such
amendments to financing statements, and take such other actions, as may be necessary or appropriate in connection with the assignment to such successor Administrative Agent of the security interests created under the Collateral Documents, whereupon
such retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder. Except as provided above, any resignation or removal of Barclays or its successor as Administrative Agent pursuant to this Section 9.7
shall also constitute the resignation or removal of Barclays or its successor as Collateral Agent. After any retiring or removed Administrative Agent’s resignation or removal hereunder as Administrative Agent, the provisions of this
Section 9 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent hereunder. Any successor Administrative Agent appointed pursuant to this Section 9.7 shall, upon its acceptance of
such appointment, become the successor Collateral Agent for all purposes hereunder. 
 (b) In addition to the foregoing,
Collateral Agent may resign at any time by giving prior written notice thereof to Lenders and the Grantors, and Collateral Agent may be removed at any time with or without cause by an instrument or concurrent instruments in writing delivered to the
Grantors and Collateral Agent signed by Requisite Lenders. Administrative Agent shall have the right to appoint a financial institution as Collateral Agent hereunder, subject to the reasonable satisfaction of Borrower and the Requisite Lenders and
Collateral Agent’s resignation shall become effective on the earliest of (i) 30 days after delivery of the notice of resignation, (ii) the acceptance of such successor Collateral Agent by Borrower and the Requisite Lenders or
(iii) such other date, if any, agreed to by Borrower and the Requisite Lenders. Upon any such notice of resignation or any such removal, Requisite Lenders shall have the right, upon five Business Days’ notice to Administrative Agent, to
appoint a successor Collateral Agent, subject to the reasonable satisfaction of Borrower. Until a successor Collateral Agent is so appointed by Requisite Lenders or Administrative Agent, any collateral security held by Collateral Agent on behalf of
the Lenders under any of the Credit Documents shall continue to be held by the retiring Collateral Agent as nominee until such time as a successor Collateral Agent is appointed. Upon the acceptance of any appointment as Collateral Agent hereunder by
a successor Collateral Agent, that successor Collateral Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring or removed Collateral Agent under this Agreement and the Collateral
Documents, and the retiring or removed Collateral Agent under this Agreement shall 

  
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promptly (i) transfer to such successor Collateral Agent all sums, Securities and other items of Collateral held hereunder or under the Collateral Documents, together with all records and
other documents necessary or appropriate in connection with the performance of the duties of the successor Collateral Agent under this Agreement and the Collateral Documents, and (ii) execute and deliver to such successor Collateral Agent or
otherwise authorize the filing of such amendments to financing statements, and take such other actions, as may be necessary or appropriate in connection with the assignment to such successor Collateral Agent of the security interests created under
the Collateral Documents, whereupon such retiring or removed Collateral Agent shall be discharged from its duties and obligations under this Agreement and the Collateral Documents. After any retiring or removed Collateral Agent’s resignation or
removal hereunder as the Collateral Agent, the provisions of this Agreement and the Collateral Documents shall inure to its benefit as to any actions taken or omitted to be taken by it under this Agreement or the Collateral Documents while it was
the Collateral Agent hereunder. 
 9.8. Collateral Documents and Guaranty. 

(a) Agents under Collateral Documents and Guaranty. Each Secured Party hereby further authorizes Administrative Agent or Collateral
Agent, as applicable, on behalf of and for the benefit of Secured Parties, to be the agent for and representative of Secured Parties with respect to the Guaranty, the Collateral, the Intercreditor Agreement and the other Collateral Documents;
provided that neither Administrative Agent nor Collateral Agent shall owe any fiduciary duty, duty of loyalty, duty of care, duty of disclosure or any other obligation whatsoever to any holder of Cash Management Obligations or Obligations
with respect to any Hedge Agreement. Subject to Section 10.5, without further written consent or authorization from any Secured Party, Administrative Agent or Collateral Agent, as applicable may execute any documents or instruments necessary to
(i) in connection with a sale or disposition of assets permitted by this Agreement, release any Lien encumbering any item of Collateral that is the subject of such sale or other disposition of assets or to which Requisite Lenders (or such other
Lenders as may be required to give such consent under Section 10.5) have otherwise consented, (ii) subordinate the Collateral Agent’s Liens on the Revolving Collateral to the Revolving Co-Collateral Agents’ Lien on the Revolving
Collateral in connection with the Revolving Credit Agreement and pursuant to the Intercreditor Agreement, or (iii) release any Guarantor from the Guaranty pursuant to Section 7.12 or with respect to which Requisite Lenders (or such other
Lenders as may be required to give such consent under Section 10.5) have otherwise consented. 
 (b) Right to Realize on
Collateral and Enforce Guaranty. Anything contained in any of the Credit Documents to the contrary notwithstanding, Borrower, Administrative Agent, Collateral Agent and each Secured Party hereby agree that (i) no Secured Party shall have
any right individually to realize upon any of the Collateral or to enforce the Guaranty, it being understood and agreed that all powers, rights and remedies hereunder and under any of the Credit Documents may be exercised solely by Administrative
Agent or Collateral Agent, as applicable, for the benefit of the Secured Parties in accordance with the terms hereof and thereof and all powers, rights and remedies under the Collateral Documents may be exercised solely by Collateral Agent for the
benefit of the Secured Parties in accordance with the terms thereof, and (ii) in the event of a foreclosure or similar enforcement action by Collateral Agent 

  
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on any of the Collateral pursuant to a public or private sale or other disposition (including, without limitation, pursuant to Section 363(k), Section 1129(b)(2)(a)(ii) or otherwise of
the Bankruptcy Code), Collateral Agent (or any Lender, except with respect to a “credit bid” pursuant to Section 363(k), Section 1129(b)(2)(a)(ii) or otherwise of the Bankruptcy Code,) may be the purchaser or licensor of any or
all of such Collateral at any such sale or other disposition and Collateral Agent, as agent for and representative of Secured Parties (but not any Lender or Lenders in its or their respective individual capacities) shall be entitled, upon
instructions from Requisite Lenders, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such sale or disposition, to use and apply any of the Obligations as a credit
on account of the purchase price for any collateral payable by Collateral Agent at such sale or other disposition. 
 (c)
Rights under Hedge Agreements and Cash Management Agreements. No Hedge Agreement will create (or be deemed to create) in favor of any Lender Counterparty and no Cash Management Agreement will create (or be deemed to create) in favor of any
Cash Management Provider, in each case that is a party thereto any rights to manage or release any Collateral or the obligations of any Guarantor under the Credit Documents except as expressly provided in Sections 10.5(c)(ii) and 10.5(c)(iii) of
this Agreement and Section 9.2 of the Pledge and Security Agreement. By accepting the benefits of the Collateral, such Lender Counterparty and such Cash Management Provider shall be deemed to have appointed Collateral Agent as its agent and
agreed to be bound by the Credit Documents as a Secured Party, subject to the limitations set forth in this clause (c). 
 (d)
Release of Collateral and Guarantees, Termination of Credit Documents. Notwithstanding anything to the contrary contained herein or any other Credit Document, when all Obligations (other than Cash Management Obligations and obligations in
respect of any Hedge Agreement) have been paid in full and all Commitments have terminated or expired, upon request of Borrower, Administrative Agent shall (without notice to, or vote or consent of, any Lender, or any affiliate of any Lender that is
a party to any Hedge Agreement or Cash Management Agreement) take such actions as shall be required to release its security interest in all Collateral, and to release all guarantee obligations provided for in any Credit Document, whether or not on
the date of such release there may be outstanding Cash Management Obligations or Obligations in respect of Hedge Agreements. Any such release of guarantee obligations shall be deemed subject to the provision that such guarantee obligations shall be
reinstated if after such release any portion of any payment in respect of the Obligations guaranteed thereby shall be rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of
Borrower or any Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, Borrower or any Guarantor or any substantial part of its property, or otherwise, all as though such
payment had not been made. 
 (e) The Collateral Agent shall not be responsible for or have a duty to ascertain or inquire into
any representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the Collateral Agent’s Lien thereon, or any certificate prepared by any Credit Party in connection
therewith, nor shall the Collateral Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral. 

  
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 9.9. Withholding Taxes. To the extent required by any applicable law, Administrative
Agent may withhold from any payment to any Lender an amount equivalent to any applicable withholding Tax. If the Internal Revenue Service or any other Governmental Authority asserts a claim that Administrative Agent did not properly withhold Tax
from amounts paid to or for the account of any Lender because the appropriate form was not delivered or was not properly executed or because such Lender failed to notify Administrative Agent of a change in circumstance which rendered the exemption
from, or reduction of, withholding Tax ineffective or for any other reason, or if Administrative Agent reasonably determines that a payment was made to a Lender pursuant to this Agreement without deduction of applicable withholding Tax from such
payment, such Lender shall indemnify Administrative Agent fully for all amounts paid, directly or indirectly, by Administrative Agent as Tax or otherwise, including any penalties or interest and together with all expenses (including legal expenses,
allocated internal costs and out-of-pocket expenses) incurred. 
 9.10. Administrative Agent May File Bankruptcy Disclosure
and Proofs of Claim. In case of the pendency of any proceeding under any Debtor Relief Laws relative to any Credit Party, Administrative Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein expressed
or by declaration or otherwise and irrespective of whether Administrative Agent shall have made any demand on Borrower) shall be entitled and empowered (but not obligated) by intervention in such proceeding or otherwise: 

(a) to file a verified statement pursuant to rule 2019 of the Federal Rules of Bankruptcy Procedure that, in its sole opinion, complies
with such rule’s disclosure requirements for entities representing more than one creditor; 
 (b) to file and prove a claim
for the whole amount of the principal and interest owing and unpaid in respect of the Loans and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the
Lenders and Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of Administrative Agent and its respective agents and counsel and all other amounts due Administrative Agent under Sections
2.8, 10.2 and 10.3 allowed in such judicial proceeding); and 
 (c) to collect and receive any monies or other property payable
or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or
other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to Administrative Agent and, in the event that Administrative Agent shall consent to the making of such payments directly to the
Lenders, to pay to Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of Administrative Agent and its agents and counsel, and any other amounts due Administrative Agent under Sections 2.8, 10.2
and 10.3. To the extent that the payment of any such compensation, expenses, disbursements and advances of Administrative Agent, its agents and counsel, and any other amounts due 

  
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Administrative Agent under Sections 2.8, 10.2 and 10.3 out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured by a Lien on, and shall be
paid out of, any and all distributions, dividends, money, securities and other properties that the Lenders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise.

 Nothing contained herein shall be deemed to authorize Administrative Agent to authorize or consent to or accept or adopt on behalf of any
Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize Administrative Agent to vote in respect of the claim of any Lender in any such proceeding. 

SECTION 10. MISCELLANEOUS 
 10.1. Notices. 
 (a) Notices Generally. Except as otherwise set forth
in paragraph (b) below, any notice or other communication herein required or permitted to be given to a Credit Party, Syndication Agent, Collateral Agent, Administrative Agent or Documentation Agent, shall be sent to such Person’s address
as set forth on Appendix B or in the other relevant Credit Document, and in the case of any Lender, the address as indicated on Appendix B or otherwise indicated to Administrative Agent in writing. Except as otherwise set forth in paragraph
(b) below, each notice hereunder shall be in writing and may be personally served or sent by telefacsimile (except for any notices sent to Administrative Agent) or United States mail or courier service and shall be deemed to have been given
when delivered in person or by courier service and signed for against receipt thereof, as shown on the transmission report with respect to any telefacsimile, or three Business Days after depositing it in the United States mail with postage prepaid
and properly addressed; provided, no notice to any Agent shall be effective until received by such Agent; provided further, any such notice or other communication shall at the request of Administrative Agent be provided to any
sub-agent appointed pursuant to Section 9.3(c) as designated by Administrative Agent from time to time. Any party hereto may change its address (including telefacsimile or telephone number) for notices and other communications hereunder by
notice to each of the Administrative Agent and Borrower. At any time a single Person shall be acting as the Administrative Agent and the Collateral Agent, any notice or communication that shall have been delivered by Borrower to the Administrative
Agent or to the Collateral Agent shall also be deemed to have been delivered to the Collateral Agent and the Administrative Agent, respectively. 
 (b) Electronic Communications. 
 (i) Notices and other
communications to any Agent and Lenders hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites, including the Platform) pursuant to procedures approved by Administrative Agent,
provided that the foregoing shall not apply to notices to any Agent or any Lender pursuant to Section 2 if such Person has notified Administrative Agent that it is incapable of receiving notices under such Section by electronic
communication. Administrative Agent or Borrower may, in its discretion, 

  
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agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be
limited to particular notices or communications. Unless Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgment from
the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgment), provided that if such notice or other communication is not sent during the normal business
hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be
deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor.

 (ii) Each Credit Party understands that the distribution of material through an electronic medium is not
necessarily secure and that there are confidentiality and other risks associated with such distribution and agrees and assumes the risks associated with such electronic distribution, except to the extent caused by the willful misconduct or gross
negligence of Administrative Agent, as determined by a final, non-appealable judgment of a court of competent jurisdiction. 
 (iii) The Platform and any Approved Electronic Communications are provided “as is” and “as available”. None of the Agents nor any of their respective officers, directors, employees,
agents, advisors or representatives (the “Agent Affiliates”) warrant the accuracy, adequacy, or completeness of the Approved Electronic Communications or the Platform and each expressly disclaims liability for errors or omissions in
the Platform and the Approved Electronic Communications. No warranty of any kind, express, implied or statutory, including any warranty of merchantability, fitness for a particular purpose, non-infringement of third party rights or freedom from
viruses or other code defects is made by the Agent Affiliates in connection with the Platform or the Approved Electronic Communications. 
 (iv) Each Credit Party, each Lender and each Agent agrees that Administrative Agent may, but shall not be obligated to, store any Approved Electronic Communications on the Platform in accordance with
Administrative Agent’s customary document retention procedures and policies. 
 (c) Private Side Information
Contacts. Each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the
Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable law, including United States federal and state securities laws, to make reference to information that
is not made available through the “Public Side Information” portion of the Platform and that may contain Non-Public Information with respect to Holdings, its Subsidiaries or their securities for purposes of United States federal or state
securities laws. In the event that any Public Lender has determined for itself to not access 

  
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any information disclosed through the Platform or otherwise, such Public Lender acknowledges that (i) other Lenders may have availed themselves of such information and (ii) neither
Borrower nor Administrative Agent has any responsibility for such Public Lender’s decision to limit the scope of the information it has obtained in connection with this Agreement and the other Credit Documents. 

10.2. Expenses. Whether or not the transactions contemplated hereby shall be consummated, Borrower agrees to pay promptly
(a) all the documented, actual and reasonable costs and expenses incurred in connection with the negotiation, preparation and execution of the Credit Documents and any consents, amendments, waivers or other modifications thereto; (b) all
the costs of furnishing all opinions by counsel for Borrower and the other Credit Parties; (c) the reasonable and documented fees, expenses and disbursements of counsel to Agents (in each case excluding allocated costs of internal counsel) in
connection with the negotiation, preparation, execution and administration of the Credit Documents and any consents, amendments, waivers or other modifications thereto and any other documents or matters requested by Borrower; (d) all the
documented actual costs and reasonable expenses of creating, perfecting, recording, maintaining and preserving Liens in favor of Collateral Agent, for the benefit of Secured Parties, including filing and recording fees, expenses and Taxes, stamp or
documentary Taxes, search fees, title insurance premiums and reasonable fees, expenses and disbursements of counsel to each Agent and of counsel providing any opinions that any Agent may request in respect of the Collateral or the Liens created
pursuant to the Collateral Documents, except that Borrower will not be required to pay, or indemnify for, any Taxes other than as set forth in Sections 2.16 and 2.17; (e) all the documented actual costs and reasonable fees, expenses and
disbursements of any auditors, accountants, consultants or appraisers; (f) all the documented actual and reasonable costs and expenses (including the documented, reasonable fees, expenses and disbursements of any appraisers, consultants,
advisors and agents employed or retained by Collateral Agent and its counsel) in connection with the custody or preservation of any of the Collateral; (g) all other documented actual and reasonable costs and expenses incurred by each Agent in
connection with the syndication of the Loans and Commitments and the transactions contemplated by the Credit Documents and any consents, amendments, waivers or other modifications thereto and (h) after the occurrence of a Default or an Event of
Default, all costs and expenses, including reasonable attorneys’ fees (excluding allocated costs of internal counsel) and costs of settlement, incurred by any Agent and Lenders in enforcing any Obligations of or in collecting any payments due
from any Credit Party hereunder or under the other Credit Documents by reason of such Default or Event of Default (including in connection with the sale, lease or license of, collection from, or other realization upon any of the Collateral or the
enforcement of the Guaranty) or in connection with any refinancing or restructuring of the credit arrangements provided hereunder in the nature of a “work-out” or pursuant to any insolvency or bankruptcy cases or proceedings; provided
that, in the case of clauses (c), (d), (f) and (g) above, so long as no Default or Event of Default shall have occurred and be continuing, reasonable attorney’s fees shall be limited to one primary counsel and, if reasonably required
by Administrative Agent, local or specialist counsel; provided further that no such limitation shall apply if counsel for Administrative Agent determines in good faith that there is a conflict of interest that requires separate representation for
any Agent. 

  
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 10.3. Indemnity. 

(a) In addition to the payment of expenses pursuant to Section 10.2, whether or not the transactions contemplated hereby shall be
consummated, each Credit Party agrees to defend (subject to Indemnitees’ selection of counsel), indemnify, pay and hold harmless, each Agent and Lender and each of their respective officers, partners, members, directors, trustees, advisors,
employees, agents, sub-agents and affiliates (each, an “Indemnitee”), from and against any and all Indemnified Liabilities; provided, no Credit Party shall have any obligation to any Indemnitee hereunder (i) with respect
to any Indemnified Liabilities to the extent such Indemnified Liabilities arise from (x) the gross negligence or willful misconduct of such Indemnitee or such Indemnitee’s officers, partners, members, directors, trustees, advisors,
employees, agents and sub-agents in performing the services that are the subject of this Agreement or (y) any proceeding solely between or among Indemnitees not arising from any act or omission by Holdings or any of its Subsidiaries (other than
against any Agent in its capacities as such), in each case, as determined by a final, non-appealable judgment of a court of competent jurisdiction or (ii) for any amount paid or payable by such Indemnitee in the settlement of any action,
proceeding or investigation without the written consent of Borrower, which consent will not be unreasonably withheld, delayed or conditioned. To the extent that the undertakings to defend, indemnify, pay and hold harmless set forth in this
Section 10.3 may be unenforceable in whole or in part because they are violative of any law or public policy, the applicable Credit Party shall contribute the maximum portion that it is permitted to pay and satisfy under applicable law to the
payment and satisfaction of all Indemnified Liabilities incurred by Indemnitees or any of them. This Section 10.3(a) shall not apply with respect to Taxes other than any Taxes that represent losses or damages arising from any non-Tax claim.

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

(c) Each Credit Party also agrees that no Lender, Agent nor their respective Affiliates, directors, employees, attorneys, agents or
sub-agents will have any liability to any Credit Party or any person asserting claims on behalf of or in right of any Credit Party or any other person in connection with or as a result of this Agreement or any Credit Document or any agreement or
instrument contemplated hereby or thereby or referred to herein or therein, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof or any act or omission or event occurring in connection therewith, in each case,
except in the case of any Credit Party to the extent that any losses, claims, damages, liabilities or expenses 

  
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incurred by such Credit Party or its affiliates, shareholders, partners or other equity holders have been found by a final, non-appealable judgment of a court of competent jurisdiction to have
resulted from the gross negligence or willful misconduct of such Lender, Agent or their respective directors, employees, attorneys, agents or sub-agents in performing its obligations under this Agreement or any Credit Document or any agreement or
instrument contemplated hereby or thereby or referred to herein or therein; provided, however, that in no event will such Lender, Agent, or their respective Affiliates, directors, employees, attorneys, agents or sub-agents have any
liability for any indirect, consequential, special or punitive damages in connection with or as a result of such Lender’s, Agent’s or their respective Affiliates’, directors’, employees’, attorneys’, agents’ or
sub-agents’ activities related to this Agreement or any Credit Document or any agreement or instrument contemplated hereby or thereby or referred to herein or therein. 
 (d) Each Credit Party also agrees that neither any Agent nor any Arranger shall have any liability to any Credit Party or any person asserting claims on behalf of or in right of any Credit Party or any
other person for failure to monitor compliance with any provisions of this Agreement with respect to Disqualified Lenders. 

10.4. Set-Off. In addition to any rights now or hereafter granted under applicable law and not by way of limitation of any such
rights, upon the occurrence and during the continuance of any Event of Default each Lender is hereby authorized by each Credit Party at any time or from time to time subject to the consent of Administrative Agent (such consent not to be unreasonably
withheld or delayed), without notice to any Credit Party or to any other Person (other than Administrative Agent), any such notice being hereby expressly waived, to set off and to appropriate and to apply any and all deposits (general or special,
including Indebtedness evidenced by certificates of deposit, whether matured or unmatured, but not including trust accounts) and any other Indebtedness at any time held or owing by such Lender to or for the credit or the account of any Credit Party
against and on account of the obligations and liabilities of any Credit Party to such Lender hereunder, including all claims of any nature or description arising out of or connected hereto, irrespective of whether or not (a) such Lender shall
have made any demand hereunder or (b) the principal of or the interest on the Loans or any other amounts due hereunder shall have become due and payable pursuant to Section 2 and although such obligations and liabilities, or any of them,
may be contingent or unmatured; provided that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to Administrative Agent for further application in
accordance with the provisions of Sections 2.14 and 2.19 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of Administrative Agent and the Lenders, and (y) the
Defaulting Lender shall provide promptly to Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender and its Affiliates
under this Section 10.4 are in addition to other rights and remedies (including other rights of setoff) that such Lender or its Affiliates may have. 
 10.5. Amendments and Waivers. 
 (a) Requisite Lenders’ Consent.
Except as provided in Sections 2.21 and 2.22, subject to the additional requirements of Sections 10.5(b) and 10.5(c), no amendment, 

  
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modification, termination or waiver of any provision of the Credit Documents, or consent to any departure by any Credit Party therefrom, shall in any event be effective without the written
concurrence of Requisite Lenders and Borrower or the applicable Credit Party; provided that Administrative Agent may, with the consent of Borrower only, amend, modify or supplement this Agreement or any other Credit Document to cure any
ambiguity, omission, defect or inconsistency (as reasonably determined by Administrative Agent), so long as such amendment, modification or supplement does not adversely affect the rights of any Lender or the Lenders shall have received at least
five Business Days’ prior written notice thereof and Administrative Agent shall not have received, within five Business Days of the date of such notice to the Lenders, a written notice from the Requisite Lenders stating that the Requisite
Lenders object to such amendment. 
 (b) Affected Lenders’ Consent. Without the written consent of each Lender that
would be directly affected thereby, no amendment, modification, termination, or consent shall be effective if the effect thereof would: 
 (i) extend the scheduled final maturity of any Loan or Note; 
 (ii)
waive, reduce or postpone any scheduled repayment (but not prepayment); 
 (iii) reduce the rate of interest on
any Loan (other than any waiver of any increase in the interest rate applicable to any Loan pursuant to Section 2.7) or any fee or any premium payable hereunder; 

(iv) extend the time for payment of any such interest, fees or premium; 

(v) reduce the principal amount of any Loan; 

(vi) amend, modify, terminate or waive any provision of Section 2.14, this Section 10.5(b), Section 10.5(c)
or any other provision of this Agreement that expressly provides that the consent of all Lenders is required; 

(vii) amend the definition of “Requisite Lenders” or “Pro Rata Share”; provided, with the
consent of Requisite Lenders, additional extensions of credit pursuant hereto may be included in the determination of “Requisite Lenders” or “Pro Rata Share” on substantially the same basis as the Term Loan Commitments and the
Term Loans are included on the Closing Date; 
 (viii) release all or substantially all of the Collateral or all
or substantially all of the Guarantors from the Guaranty except as expressly provided in the Credit Documents and except in connection with a “credit bid” undertaken by the Collateral Agent at the direction of the Requisite Lenders
pursuant to Section 363(k), Section 1129(b)(2)(a)(ii) or otherwise of the Bankruptcy Code or other sale or disposition of assets in connection with an enforcement action with respect to the Collateral permitted pursuant to the Credit
Documents (in which case only the consent of the Requisite Lenders will be needed for such release); or 

  
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 (ix) consent to the assignment or transfer by any Credit Party of any of its
rights and obligations under any Credit Document; 
 provided that, for the avoidance of doubt, all Lenders shall be
deemed directly affected thereby with respect to any amendment described in clauses (vi), (vii), (viii) and (ix). 
 (c)
Other Consents. No amendment, modification, termination or waiver of any provision of the Credit Documents, or consent to any departure by any Credit Party therefrom, shall: 

(i) alter the required application of any repayments or prepayments as between Classes pursuant to Section 2.12
without the consent of Lenders holding more than 50% of the aggregate Term Loan Exposure of all Lenders or New Term Loan Exposure of all Lenders, as applicable, of each Class which is being allocated a lesser repayment or prepayment as a result
thereof; provided, Requisite Lenders may waive, in whole or in part, any prepayment so long as the application, as between Classes, of any portion of such prepayment which is still required to be made is not altered; 

(ii) amend, modify or waive this Agreement or the Pledge and Security Agreement so as to alter the ratable treatment of
Obligations arising under the Credit Documents and Obligations arising under Hedge Agreements or the definition of “Lender Counterparty,” “Hedge Agreement,” “Obligations,” or “Secured Obligations” (as defined
in any applicable Collateral Document) in each case in a manner adverse to any Lender Counterparty with Obligations then outstanding without the written consent of any such Lender Counterparty; 

(iii) amend, modify or waive this Agreement or the Pledge and Security Agreement so as to alter the ratable treatment of
Obligations arising under the Credit Documents and Cash Management Obligations or the definition of “Cash Management Agreement,” “Cash Management Obligations,” “Cash Management Provider,” “Cash Management
Services,” “Obligations,” or “Secured Obligations” (as defined in any applicable Collateral Document) in each case in a manner adverse to any Cash Management Provider with Obligations then outstanding without the written
consent of any such Cash Management Provider; or 
 (iv) amend, modify, terminate or waive any provision of the
Credit Documents as the same applies to any Agent or any Arranger, or any other provision hereof as the same applies to the rights or obligations of any Agent or any Arranger, in each case without the consent of such Agent or such Arranger, as
applicable. 
 (d) Execution of Amendments, Etc. Administrative Agent may, but shall have no obligation to, with the
concurrence of any Lender, execute amendments, modifications, waivers or consents on behalf of such Lender. Any waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given. No notice to or
demand on any Credit Party in any case shall entitle any Credit Party to any other or further notice or demand in similar or other circumstances. Any amendment, modification, termination, waiver or consent effected in accordance with this
Section 10.5 shall be binding upon each Lender at the time outstanding, each future Lender and, if signed by a Credit Party, on such Credit Party. 

  
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 10.6. Successors and Assigns; Participations. 

(a) Generally. This Agreement shall be binding upon the parties hereto and their respective successors and assigns and shall inure
to the benefit of the parties hereto and the successors and assigns of Lenders. No Credit Party’s rights or obligations hereunder nor any interest therein may be assigned or delegated by any Credit Party without the prior written consent of all
Lenders (except, in the case of any Guarantor Subsidiary, any assignment or delegation by operation of law as a result of any merger or consolidation of such Guarantor Subsidiary permitted by Section 6.7), and no Lender may assign or otherwise
transfer any of its rights hereunder except as set forth below in this Section 10.6 and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed
to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby and, to the extent expressly contemplated hereby, Affiliates of each of the Agents and Lenders and other Indemnitees) any legal or
equitable right, remedy or claim under or by reason of this Agreement. 
 (b) Register. Borrower, Administrative Agent and
Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan
shall be effective, in each case, unless and until recorded in the Register following receipt of a fully executed Assignment Agreement effecting the assignment or transfer thereof, together with the required forms and certificates regarding Tax
matters and any fees payable in connection with such assignment, in each case, as provided in Section 10.6(d). Each assignment shall be recorded in the Register promptly following receipt by Administrative Agent of the fully executed Assignment
Agreement and all other necessary documents and approvals, prompt notice thereof shall be provided to Borrower and a copy of such Assignment Agreement shall be maintained, as applicable. The date of such recordation of a transfer shall be referred
to herein as the “Assignment Effective Date.” Any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and
binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. It is intended that any Loans issued pursuant to this Agreement or any Credit Document shall be maintained at all times in “registered
form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Internal Revenue Code, and Section 5f.103-1(c) of the United States Treasury Regulations, and the provisions of this Agreement shall be construed in accordance
with this intention. 
 (c) Right to Assign. Each Lender shall have the right at any time to sell, assign or transfer all
or a portion of its rights and obligations under this Agreement, including all or a portion of its Commitment or Loans owing to it or other Obligations (provided, however, that pro rata assignments shall not be required and each
assignment shall be of a uniform, and not varying, percentage of all rights and obligations under and in respect of any applicable Loan and any related Commitments): 

  
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 (i) to any Person meeting the criteria of clause (i) of the definition
of the term “Eligible Assignee” upon the giving of notice to Borrower and Administrative Agent; and 

(ii) to any Person meeting the criteria of clause (ii) of the definition of the term “Eligible Assignee”
upon giving of notice to Borrower and Administrative Agent and (except in the case of assignments made by or to any Arranger) consented to by each of Borrower and Administrative Agent (such consent not to be (x) unreasonably withheld or delayed
or, (y) in the case of Borrower, required at any time an Event of Default shall have occurred and then be continuing); provided further that (A) Borrower shall be deemed to have consented to any such assignment unless it
shall object thereto by written notice to Administrative Agent within 5 Business Days after having received notice thereof and (B) each such assignment pursuant to this Section 10.6(c)(ii) shall be in an aggregate amount of not less than
(w) $1,000,000 with respect to the assignment of the Term Loans and New Term Loans, (x) such lesser amount as agreed to by Borrower and Administrative Agent, (y) the aggregate amount of the Loans of the assigning Lender with respect
to the Class being assigned or (z) the amount assigned by an assigning Lender to an Affiliate or Related Fund of such Lender. 
 (d) Mechanics. 
 (i) Assignments and assumptions of Loans
and Commitments by Lenders shall be effected by manual execution and delivery to Administrative Agent of an Assignment Agreement. Assignments made pursuant to the foregoing provision shall be effective as of the Assignment Effective Date. In
connection with all assignments there shall be delivered to Administrative Agent such forms, certificates or other evidence, if any, with respect to United States federal income tax withholding matters as the assignee under such Assignment Agreement
may be required to deliver pursuant to Section 2.17(c), together with payment to Administrative Agent of a registration and processing fee of $3,500 (except that no such registration and processing fee shall be payable (y) in connection
with an assignment by or to Goldman Sachs or any Affiliate thereof or (z) in the case of an assignee which is already a Lender or is an affiliate or Related Fund of a Lender or a Person under common management with a Lender). 

(ii) In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment
shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to Administrative Agent in an aggregate amount sufficient, upon distribution thereof
as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of Borrower and Administrative Agent, the applicable Pro Rata Share
of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender
to Administrative Agent and each other Lender hereunder (and interest accrued thereon), and (y) acquire (and fund as appropriate) its full Pro Rata Share of all Loans. Notwithstanding the foregoing, in the event that any assignment of rights

  
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and obligations of any Defaulting Lender hereunder shall become effective under applicable law without compliance with the provisions of this paragraph, then the assignee of such interest shall
be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 
 (e) Representations
and Warranties of Assignee. Each Lender, upon execution and delivery hereof or upon succeeding to an interest in the Commitments and Loans, as the case may be, represents and warrants as of the Closing Date or as of the Assignment Effective Date
that (i) it is an Eligible Assignee; (ii) it has experience and expertise in the making of or investing in commitments or loans such as the applicable Commitments or Loans, as the case may be; (iii) it will make or invest in, as the
case may be, its Commitments or Loans for its own account in the ordinary course and without a view to distribution of such Commitments or Loans within the meaning of the Securities Act or the Exchange Act or other federal securities laws (it being
understood that, subject to the provisions of this Section 10.6, the disposition of such Commitments or Loans or any interests therein shall at all times remain within its exclusive control); and (iv) it will not provide any information
obtained by it in its capacity as a Lender to Holdings or any Affiliate of Holdings. 
 (f) Effect of Assignment. Subject
to the terms and conditions of this Section 10.6, as of the Assignment Effective Date (i) the assignee thereunder shall have the rights and obligations of a “Lender” hereunder to the extent of its interest in the Loans and
Commitments as reflected in the Register and shall thereafter be a party hereto and a “Lender” for all purposes hereof; (ii) the assigning Lender thereunder shall, to the extent that rights and obligations hereunder have been assigned
to the assignee, relinquish its rights (other than any rights which survive the termination hereof under Section 10.8) and be released from its obligations hereunder (and, in the case of an assignment covering all or the remaining portion of an
assigning Lender’s rights and obligations hereunder, such Lender shall cease to be a party hereto on the Assignment Effective Date; provided, anything contained in any of the Credit Documents to the contrary notwithstanding, such
assigning Lender shall continue to be entitled to the benefit of all indemnities hereunder as specified herein with respect to matters arising out of the prior involvement of such assigning Lender as a Lender hereunder); (iii) the Commitments
shall be modified to reflect any Commitment of such assignee; and (iv) if any such assignment occurs after the issuance of any Note hereunder, the assigning Lender shall, upon the effectiveness of such assignment or as promptly thereafter as
practicable, surrender its applicable Notes to Administrative Agent for cancellation, and thereupon Borrower shall issue and deliver new Notes, if so requested by the assignee and/or assigning Lender, to such assignee and/or to such assigning
Lender, with appropriate insertions, to reflect the new outstanding Loans of the assignee and/or the assigning Lender. 
 (g)
Participations. 
 (i) Each Lender shall have the right at any time to sell one or more participations to
any Person (other than Holdings, any of its Subsidiaries or any of its Affiliates) in all or any part of its Commitments, Loans or in any other Obligation; provided that no participations shall be sold to any Disqualified Lender;
provided, further, however, that (i) notwithstanding anything to the contrary in this Section 10.6(g)(i), each Lender shall have the right to sell one or more participations in all or any

  
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part of its Commitments, Loans or any other Obligation to one or more lenders or other Persons that provide financing to such Lender in the form of sales and repurchases of participations without
having to satisfy the foregoing requirements and (ii) Borrower, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this
Agreement. Each Lender that sells a participation pursuant to this Section 10.6(g) shall, acting solely for U.S. federal income tax purposes as a non-fiduciary agent of Borrower, maintain a register on which it records the name and address of
each participant and the principal amounts of each participant’s participation interest with respect to the Loans (each, a “Participant Register”); provided that no Lender shall have any obligation to disclose all or any
portion of the Participant Register to any Person (including the identity of any participant or any information relating to a participant’s interest in any Commitments, Loans or its other obligations under this Agreement) except to the extent
that the relevant parties, acting reasonably and in good faith, determine that such disclosure is necessary to establish that such Commitment, Loan or other obligation is in registered form under Section 5f.103-1(c) of the United States
Treasury Regulations. It is intended that any Loans issued pursuant to this Agreement or any Credit Document shall be maintained at all times in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the
Internal Revenue Code, and Section 5f.103-1(c) of the United States Treasury Regulations, and the provisions of this Agreement shall be construed in accordance with this intention. Unless otherwise required by the Internal Revenue Service, any
disclosure required by the foregoing sentence shall be made by the relevant Lender directly and solely to the Internal Revenue Service. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat
each Person whose name is recorded in the Participant Register as the owner of a participation with respect to the Loans for all purposes under this Agreement, notwithstanding any notice to the contrary. 

(ii) The holder of any such participation, other than an Affiliate of the Lender granting such participation, shall not be
entitled to require such Lender to take or omit to take any action hereunder except with respect to any amendment, modification or waiver that would (A) extend the final scheduled maturity of any Loan or Note in which such participant is
participating, or reduce the rate or extend the time of payment of interest or fees thereon (except in connection with a waiver of applicability of any post-default increase in interest rates) or reduce the principal amount thereof, or increase the
amount of the participant’s participation over the amount thereof then in effect (it being understood that a waiver of any Default or Event of Default or of a mandatory reduction in the Commitment shall not constitute a change in the terms of
such participation, and that an increase in any Commitment or Loan shall be permitted without the consent of any participant if the participant’s participation is not increased as a result thereof), (B) consent to the assignment or
transfer by any Credit Party of any of its rights and obligations under this Agreement or (C) release all or substantially all of the Collateral under the Collateral Documents or all or substantially all of the Guarantors from the Guaranty (in
each case, except as expressly provided in the Credit Documents) supporting the Loans hereunder in which such participant is participating. 

  
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 (iii) Borrower agrees that each participant shall be entitled to the
benefits of Sections 2.15(c), 2.16 and 2.17 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (c) of this Section; provided, (x) a participant shall not be entitled to
receive any greater payment under Section 2.16 or 2.17 than the applicable Lender would have been entitled to receive with respect to the participation sold to such participant, unless the sale of the participation to such participant is made
with Borrower’s prior written consent (not to be unreasonably withheld or delayed) and (y) a participant that would be a Non-US Lender if it were a Lender shall not be entitled to the benefits of Section 2.17 unless Borrower is
notified of the participation sold to such participant and such participant agrees, for the benefit of Borrower, to comply with Section 2.17 as though it were a Lender; provided further that, except as specifically set forth in
clauses (x) and (y) of this sentence, nothing herein shall require any notice to Borrower or any other Person in connection with the sale of any participation. To the extent permitted by law, each participant also shall be entitled to the
benefits of Section 10.4 as though it were a Lender, provided such participant agrees to be subject to Section 2.14 as though it were a Lender. 
 (h) Certain Other Assignments and Participations. In addition to any other assignment or participation permitted pursuant to this Section 10.6 any Lender may assign, pledge and/or grant a
security interest in all or any portion of its Loans, the other Obligations owed by or to such Lender, and its Notes, if any, to secure obligations of such Lender including any Federal Reserve Bank as collateral security pursuant to
Regulation A of the Board of Governors and any operating circular issued by such Federal Reserve Bank; provided, that no Lender, as between Borrower and such Lender, shall be relieved of any of its obligations hereunder as a result of
any such assignment and pledge, and provided further, that in no event shall the applicable Federal Reserve Bank, pledgee or trustee, be considered to be a “Lender” or be entitled to require the assigning Lender to take or
omit to take any action hereunder. 
 (i) Assignments to Borrower. 

Notwithstanding anything to the contrary contained in this Section 10.6 or any other provision of this Agreement, so long as no
Default or Event of Default has occurred and is continuing or would result therefrom, each Lender shall have the right at any time to sell, assign or transfer all or a portion of its Loans owing to it to Borrower on a non-pro rata basis
(provided, however, that each assignment shall be of a uniform, and not varying, percentage of all rights and obligations under and in respect of any applicable Loan and any related Commitments), subject to the following limitations:

 (i) Borrower may conduct one or more modified Dutch auctions (each, an “Auction”) to
repurchase all or any portion of the Loans, provided that, (A) notice of the Auction shall be made to all Lenders and (B) the Auction shall be conducted pursuant to such procedures as the Auction Manager may establish which are
consistent with this Section 10.6(i) and the Auction Procedures set forth on Exhibit M and are otherwise reasonably acceptable to Borrower, the Auction Manager and Administrative Agent; 

  
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 (ii) With respect to all repurchases made by Borrower pursuant to this
Section 10.6(i), (A) Borrower shall deliver to the Auction Manager a certificate of an Authorized Officer stating that (1) no Default or Event of Default has occurred and is continuing or would result from such repurchase and
(2) as of the effective date of any Affiliate Assignment Agreement, it is not in possession of any information regarding Borrower, its Subsidiaries or its Affiliates, or their assets, Borrower’s ability to perform its Obligations or any
other matter that may be material to a decision by any Lender to participate in any Auction or enter into any Affiliate Assignment Agreement or any of the transactions contemplated thereby that has not previously been disclosed to the Auction
Manager, Administrative Agent and the Non-Public Lenders, (B) Borrower shall not use the proceeds of any loans under the Revolving Credit Agreement to acquire such Loans and (C) the assigning Lender and Borrower shall execute and deliver
to the Auction Manager an Affiliate Assignment Agreement; and 
 (iii) Following repurchase by Borrower pursuant
to this Section 10.6(i), the Loans so repurchased shall, without further action by any Person, be deemed cancelled for all purposes and no longer outstanding (and may not be resold by Borrower), for all purposes of this Agreement and all other
Credit Documents, including, but not limited to (A) the making of, or the application of, any payments to the Lenders under this Agreement or any other Credit Document, (B) the making of any request, demand, authorization, direction,
notice, consent or waiver under this Agreement or any other Credit Document or (C) the determination of Requisite Lenders, or for any similar or related purpose, under this Agreement or any other Credit Document. In connection with any Loans
repurchased and cancelled pursuant to this Section 10.6(i), Administrative Agent is authorized to make appropriate entries in the Register to reflect any such cancellation. 

(j) Assignments to Affiliated Lenders. So long as no Default or Event of Default has occurred and is continuing or would result
therefrom, each Lender shall have the right at any time to sell, assign or transfer all or a portion of its Loans owing to it (provided, however, that each assignment shall be of a uniform, and not varying, percentage of all rights and
obligations under and in respect of any applicable Loan and any related Commitments) to any Affiliated Lender on a non pro rata basis through (x) Auctions (provided that, (A) notice of the Auction shall be made to all Lenders and
(B) the Auction shall be conducted pursuant to such procedures as the Auction Manager may establish which are consistent with this Section 10.6(j) and the Auction Procedures set forth on Exhibit M and are otherwise reasonably acceptable to
Borrower, the Auction Manager and the Administrative Agent)) or (y) open market purchases, in each case subject to the following additional limitations: 
 (i) such Affiliated Lender shall make a representation that, as of the effective date of any Affiliate Assignment Agreement, it is not in possession of any information regarding Borrower, its Subsidiaries
or its Affiliates, or their assets, Borrower’s ability to perform its Obligations or any other matter that would reasonably be expected to be material to a decision by any Lender to participate in any Auction, if applicable, or enter into any
Affiliate Assignment Agreement or any of the transactions contemplated thereby that has not previously been disclosed to the Auction Manager, Administrative Agent and the Non-Public Lenders; 

  
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 (ii) the aggregate principal amount of Loans purchased by assignment
pursuant to this Section 10.6(j) and held at any one time by Affiliated Lenders may not exceed 20 % of the outstanding principal amount of all Loans; 
 (iii) the assigning Lender and the Affiliated Lender purchasing such Lender’s Loans shall execute and deliver to the Auction Manager or Administrative Agent, as applicable, an Affiliate Assignment
Agreement; 
 (iv) each Affiliated Lender, solely in its capacity as a Lender, hereby agrees, and each Affiliate
Assignment Agreement shall provide, that such Affiliated Lender shall have no right whatsoever so long as such Person is an Affiliated Lender: 
 (A) to vote with respect to any amendment, modification, waiver, consent or other such action with respect to any of the terms of this Agreement or any other Credit Document and that it shall be deemed to
have voted its interest as a Lender without discretion in the same proportion as the allocation of voting with respect to such matter by Lenders who are not Affiliated Lenders; provided that, notwithstanding the foregoing, (x) such
assignee shall be permitted to vote if such amendment, modification, waiver, consent or other such action disproportionately affects such Affiliated Lender in its capacity as a Lender as compared to other Lenders, (y) no amendment,
modification, waiver, consent or other action shall, without the consent of the Affiliated Lender, deprive any Affiliated Lender of its share of any payments which the Lenders are entitled to share on a pro rata basis hereunder and (z) such
assignee shall be permitted to vote if such amendment, modification, waiver, consent or other such action would increase the commitment of the relevant Affiliated Lender, extend or postpone the final maturity or scheduled date of amortization,
reduce the principal, interest (other than any waiver of any increase in the interest rate applicable to any Loan pursuant to Section 2.7) or fees or release all or substantially all the value of the Guarantees or to release liens on all or
substantially all of the collateral except as expressly provided in the Credit Documents; provided further however, that any Affiliated Lender that qualifies as an Affiliated Institutional Lender shall not be subject to the
foregoing limitation; 
 (B) to attend (or receive any notice of) any meeting, conference call or correspondence with
Administrative Agent or any Lender or receive any information from Administrative Agent or any other Lender (other than notices of borrowings, prepayments and other administrative notices in respect of its Loans or Commitments required to be
delivered to Lenders pursuant to Section 2); or 

  
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 (C) to make or bring any claim, in its capacity as Lender, against Administrative Agent,
any other Agent or any Lender with respect to the duties and obligations of such Persons under the Credit Documents; 
 (v) each Affiliated Lender, solely in its capacity as a Lender, hereby further agrees, and each Affiliate Assignment Agreement shall provide a confirmation, that if any Credit Party shall be subject to
any voluntary or involuntary proceeding commenced under any Debtor Relief Law: 
 (A) each Affiliated Lender shall not take any
step or action (whether directly or indirectly) in such proceeding to object to, impede, or delay the exercise of any right or the taking of any action by Administrative Agent (or the taking of any action by a third party that to which
Administrative Agent has consented with respect to any disposition of assets by Borrower or any equity or debt financing to be made to Borrower), including, without limitation, the filing of any pleading by Administrative Agent) in (or with respect
to any matters related to) the proceeding so long as Administrative Agent is not taking any action to treat such Affiliated Lender’s Loans in a manner that is less favorable to such Affiliated Lender in any material respect than the proposed
treatment of similar Obligations held by other Lenders (including, without limitation, objecting to any debtor-in-possession financing, use of Cash collateral, grant of adequate protection, sale or disposition, compromise or plan of reorganization);

 (B) the provisions set forth in this Section 10.6(j), and the related provisions set forth in each Affiliate Assignment
Agreement, constitute (x) a “subordination agreement” as such term is contemplated by, and utilized in, Section 510(a) of the Bankruptcy Code, and, as such, would be enforceable for all purposes in any case where a Credit Party
has filed for protection under any Debtor Relief Laws and affecting the rights of creditors generally applicable to such Credit Party and (y) an irrevocable voting proxy coupled with a pledge in favor of Administrative Agent with respect to
voting obligations set forth in this Section 10.6(j), and the related provisions set forth in each Affiliate Assignment Agreement; 
 (C) each Affiliated Lender shall support and shall not object to (x) any use of Cash collateral (including, without limitation, any and all terms of any Cash collateral order) and/or any
debtor-in-possession financing (including, without limitation, any and all terms of any financing agreement, related documents and financing order) that is supported by or consented to by Administrative Agent and (y) any sale of any assets of
the Credit Parties, whether under Section 363 of the Bankruptcy Code or otherwise, that is supported by or consented 

  
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to by Administrative Agent (including, without limitation, the terms and conditions of any bidding procedures orders, sale orders and any and all purchase and sale agreements and related
documents); 
 (D) each Affiliated Lender shall be deemed to have voted in such proceedings in the same proportion as the
allocation of voting with respect to such matter by those Lenders who are not Affiliated Lenders, except to the extent that any plan under the Bankruptcy Code proposes to treat the Obligations held by such Affiliated Lender in a manner that is less
favorable to such Affiliated Lender in any material respect than the proposed treatment of similar Obligations held by other Lenders. For the avoidance of doubt, except to the extent that any plan under the Bankruptcy Code proposes to treat the
Obligations held by an Affiliated Lender in a manner that is less favorable to such Affiliated Lender in any material respect than the proposed treatment of similar Obligations held by other Lenders, the Administrative Agent is hereby irrevocably
authorized and empowered (in the name of such Affiliated Lender) to vote on behalf of such Affiliated Lender or consent on behalf of such Affiliated Lender in any such proceedings with respect to any and all claims of such Affiliated Lender relating
to the Obligations. Each Affiliated Lender agrees and acknowledges that the foregoing constitutes an irrevocable proxy in favor of the Administrative Agent to vote or consent on behalf of such Affiliate Lender in any proceeding in the manner set
forth above and that such Affiliated Lender shall be irrevocably bound to any such votes made or consents given and further shall not challenge or otherwise object to such votes or consents and shall not itself vote or provide consents in the
proceeding; and 
 (E) each Affiliated Lender hereby expressly and irrevocably waives, for the benefit of the Administrative
Agent and the Lenders any principles or provisions of law (including as set forth in any Debtor Relief Law, statutory or otherwise) which are or might be in conflict with the terms of this Agreement and any legal or equitable discharge of such
Affiliated Lender’s obligations hereunder. 
 (k) Assignments by Affiliated Lenders. In connection with any sale,
assignment or transfer of Loans by an Affiliated Lender: 
 (i) such Affiliated Lender shall make a
representation that, as of the effective date of any such Affiliate Assignment Agreement, it is not in possession of any information regarding Borrower, its Subsidiaries or its Affiliates, or their assets, Borrower’s ability to perform its
Obligations or any other matter that may be material to a decision by any Lender to enter into any Affiliate Assignment Agreement or any of the transactions contemplated thereby that has not previously been disclosed to Administrative Agent and the
Lenders; and 

  
 138

 (ii) the Affiliated Lender selling Loans and such assignee shall execute and
deliver to Administrative Agent an Affiliate Assignment Agreement. 
 Notwithstanding anything to the contrary in this Agreement, Goldman Sachs
and Goldman Sachs Bank USA shall not be deemed to be Affiliated Lenders and assignments to Goldman Sachs and Goldman Sachs Bank USA shall be permitted without any further consent and shall not be subject to any limitations applicable to Affiliated
Lenders. 
 10.7. Independence of Covenants. All covenants hereunder shall be given independent effect so that if a
particular action or condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or would otherwise be within the limitations of, another covenant shall not avoid the occurrence of a Default or an
Event of Default if such action is taken or condition exists. 
 10.8. Survival of Representations, Warranties and
Agreements. All representations, warranties and agreements made herein shall survive the execution and delivery hereof and the making of any Loan. Notwithstanding anything herein or implied by law to the contrary, the agreements of each Credit
Party set forth in Sections 2.15(c), 2.16, 2.17, 10.2, 10.3 and 10.4 and the agreements of Lenders set forth in Sections 2.14, 9.3(b) and 9.6 shall survive the payment of the Loans and the termination hereof. 

10.9. No Waiver; Remedies Cumulative. No failure or delay on the part of any Agent or any Lender in the exercise of any power,
right or privilege hereunder or under any other Credit Document shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial exercise of any such power, right or
privilege preclude other or further exercise thereof or of any other power, right or privilege. The rights, powers and remedies given to each Agent and each Lender hereby are cumulative and shall be in addition to and independent of all rights,
powers and remedies existing by virtue of any statute or rule of law or in any of the other Credit Documents or any of the Hedge Agreements. Any forbearance or failure to exercise, and any delay in exercising, any right, power or remedy hereunder
shall not impair any such right, power or remedy or be construed to be a waiver thereof, nor shall it preclude the further exercise of any such right, power or remedy. 
 10.10. Marshalling; Payments Set Aside. Neither any Agent nor any Lender shall be under any obligation to marshal any assets in favor of any Credit Party or any other Person or against or in
payment of any or all of the Obligations. To the extent that any Credit Party makes a payment or payments to Administrative Agent or Lenders (or to Administrative Agent, on behalf of Lenders), or any Agent or Lender enforces any security interests
or exercises any right of setoff, and such payment or payments or the proceeds of such enforcement or setoff or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a
trustee, receiver or any other party under any bankruptcy law, any other state or federal law, common law or any equitable cause, then, to the extent of such recovery, the obligation or part thereof originally intended to be satisfied, and all
Liens, rights and remedies therefor or related thereto, shall be revived and continued in full force and effect as if such payment or payments had not been made or such enforcement or setoff had not occurred. 

  
 139

 10.11. Severability. In case any provision in or obligation hereunder or under any
other Credit Document shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in
any way be affected or impaired thereby. 
 10.12. Obligations Several; Independent Nature of Lenders’ Rights. The
obligations of Lenders hereunder are several and no Lender shall be responsible for the obligations or Commitment of any other Lender hereunder. Nothing contained herein or in any other Credit Document, and no action taken by Lenders pursuant hereto
or thereto, shall be deemed to constitute Lenders as a partnership, an association, a joint venture or any other kind of entity. The amounts payable at any time hereunder to each Lender shall be a separate and independent debt, and each Lender shall
be entitled to protect and enforce its rights arising out hereof and it shall not be necessary for any other Lender to be joined as an additional party in any proceeding for such purpose. 

10.13. Headings. Section headings herein are included herein for convenience of reference only and shall not constitute a
part hereof for any other purpose or be given any substantive effect. 
 10.14. APPLICABLE LAW. THIS AGREEMENT AND THE RIGHTS
AND OBLIGATIONS OF THE PARTIES HEREUNDER (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF AND ANY DETERMINATIONS WITH RESPECT TO POST-JUDGMENT INTEREST) SHALL BE GOVERNED BY,
AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK.

 10.15. CONSENT TO JURISDICTION. SUBJECT TO CLAUSE (E) OF THE FOLLOWING SENTENCE, ALL JUDICIAL PROCEEDINGS BROUGHT
AGAINST ANY PARTY ARISING OUT OF OR RELATING HERETO OR ANY OTHER CREDIT DOCUMENTS, OR ANY OF THE OBLIGATIONS, SHALL BE BROUGHT IN ANY FEDERAL COURT OF THE UNITED STATES OF AMERICA SITTING IN THE BOROUGH OF MANHATTAN OR, IF THAT COURT DOES NOT HAVE
SUBJECT MATTER JURISDICTION, IN ANY STATE COURT LOCATED IN THE CITY AND COUNTY OF NEW YORK. BY EXECUTING AND DELIVERING THIS AGREEMENT, EACH CREDIT PARTY, FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, IRREVOCABLY (A) ACCEPTS GENERALLY
AND UNCONDITIONALLY THE EXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS (OTHER THAN WITH RESPECT TO ACTIONS BY ANY AGENT IN RESPECT OF RIGHTS UNDER ANY SECURITY AGREEMENT GOVERNED BY LAWS OTHER THAN THE LAWS OF THE STATE OF NEW YORK OR WITH RESPECT
TO ANY COLLATERAL SUBJECT THERETO); (B) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS; (C) AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO
THE 

  
 140

 
APPLICABLE CREDIT PARTY AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 10.1; (D) AGREES THAT SERVICE AS PROVIDED IN CLAUSE (C) ABOVE IS SUFFICIENT TO CONFER PERSONAL JURISDICTION
OVER THE APPLICABLE CREDIT PARTY IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT; AND (E) AGREES THAT AGENTS AND LENDERS RETAIN THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER
PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST ANY CREDIT PARTY IN THE COURTS OF ANY OTHER JURISDICTION IN CONNECTION WITH THE EXERCISE OF ANY RIGHTS UNDER ANY SECURITY DOCUMENT OR THE ENFORCEMENT OF ANY JUDGMENT. 

10.16. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR
CAUSE OF ACTION BASED UPON OR ARISING HEREUNDER OR UNDER ANY OF THE OTHER CREDIT DOCUMENTS OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS LOAN TRANSACTION OR THE LENDER/BORROWER RELATIONSHIP THAT IS BEING ESTABLISHED. THE SCOPE
OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS AND ALL OTHER COMMON
LAW AND STATUTORY CLAIMS. EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP, THAT EACH HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT, AND THAT EACH WILL CONTINUE TO
RELY ON THIS WAIVER IN ITS RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION
WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION 10.16 AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS
WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS HERETO OR ANY OF THE OTHER CREDIT DOCUMENTS OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THE LOANS MADE HEREUNDER. IN THE EVENT OF LITIGATION, THIS
AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 
 10.17. Confidentiality. Each Agent and each
Lender shall hold all non-public information regarding Holdings, Borrower and their respective Subsidiaries, Affiliates and their businesses identified as such by Borrower and obtained by such Agent or such Lender pursuant to the requirements hereof
in accordance with such Agent’s and such Lender’s customary procedures for handling confidential information of such nature, it being understood and agreed 

  
 141

 
by Borrower that, in any event, Administrative Agent may disclose such information to the Lenders and each Agent and each Lender and each Agent may make (i) disclosures of such
information to Affiliates of such Lender or Agent and to their respective officers, directors, partners, members, employees, legal counsel, independent auditors and other advisors, experts or agents who need to know such information and on a
confidential basis (and to other Persons authorized by a Lender or Agent to organize, present or disseminate such information in connection with disclosures otherwise made in accordance with this Section 10.17), (ii) disclosures of such
information reasonably required by any potential or prospective assignee, transferee or participant (other than any Disqualified Lender) in connection with the contemplated assignment, transfer or participation of any Loans or any participations
therein or by any direct or indirect contractual counterparties (or the professional advisors thereto) to any swap or derivative transaction relating to Borrower and its obligations (provided, such assignees, transferees, participants,
counterparties and advisors are advised of and agree to be bound by either the provisions of this Section 10.17 or other provisions at least as restrictive as this Section 10.17), (iii) disclosure to any rating agency when required by
it, provided that, prior to any disclosure, such rating agency shall undertake in writing to preserve the confidentiality of any confidential information relating to Credit Parties received by it from any Agent or any Lender,
(iv) disclosure on a confidential basis to the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to the Loans, (v) disclosures in connection with the exercise of any
remedies hereunder or under any other Credit Document, (vi) disclosures made pursuant to the order of any court or administrative agency or in any pending legal or administrative proceeding, or otherwise as required by applicable law or
compulsory legal process (in which case such Person agrees to inform Borrower promptly thereof to the extent not prohibited by law) and (vii) disclosures made upon the request or demand of any regulatory or quasi-regulatory authority purporting
to have jurisdiction over such Person or any of its Affiliates. In addition, each Agent and each Lender may disclose the existence of this Agreement and the information about this Agreement to market data collectors, similar services providers to
the lending industry, and service providers to the Agents and the Lenders in connection with the administration and management of this Agreement and the other Credit Documents.  

10.18. Usury Savings Clause. Notwithstanding any other provision herein, the aggregate interest rate charged with respect to any
of the Obligations, including all charges or fees in connection therewith deemed in the nature of interest under applicable law shall not exceed the Highest Lawful Rate. If the rate of interest (determined without regard to the preceding sentence)
under this Agreement at any time exceeds the Highest Lawful Rate, the outstanding amount of the Loans made hereunder shall bear interest at the Highest Lawful Rate until the total amount of interest due hereunder equals the amount of interest which
would have been due hereunder if the stated rates of interest set forth in this Agreement had at all times been in effect. In addition, if when the Loans made hereunder are repaid in full the total interest due hereunder (taking into account the
increase provided for above) is less than the total amount of interest which would have been due hereunder if the stated rates of interest set forth in this Agreement had at all times been in effect, then to the extent permitted by law, Borrower
shall pay to Administrative Agent an amount equal to the difference between the amount of interest paid and the amount of interest which would have been paid if the Highest Lawful Rate had at all times been in effect. Notwithstanding the foregoing,
it is the intention of Lenders and Borrower 

  
 142

 
to conform strictly to any applicable usury laws. Accordingly, if any Lender contracts for, charges, or receives any consideration which constitutes interest in excess of the Highest Lawful Rate,
then any such excess shall be cancelled automatically and, if previously paid, shall at such Lender’s option be applied to the outstanding amount of the Loans made hereunder or be refunded to Borrower. 

10.19. Effectiveness; Counterparts. This Agreement shall become effective upon the execution of a counterpart hereof by each of
the parties hereto and receipt by Borrower and Administrative Agent of written notification of such execution and authorization of delivery thereof. This Agreement may be executed in any number of counterparts, each of which when so executed and
delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or in electronic format (i.e.,
“pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Agreement. 

10.20. Entire Agreement. With the exception of those terms contained in (a) Sections 3, 4, 5 (including Annex A), 7, 8 and 9
of the Commitment Letter, dated October 29, 2012, among Goldman Sachs, JPMorgan Chase Bank, N.A., JPMSI, Barclays, Wells Fargo Bank, National Association, UBS Loan Finance LLC and Borrower (the “Commitment Letter”) and
(b) that certain Fee Letter, dated October 29, 2012, among Goldman Sachs, JPMorgan Chase Bank, N.A., JPMSI, Barclays and Borrower (the “Fee Letter”), which by the terms of the Commitment Letter remain in full force and
effect all of Goldman Sachs’ and its Affiliates obligations under the Commitment Letter shall terminate and be superseded by the Credit Documents and Goldman Sachs and its Affiliates shall be released from all liability in connection therewith,
including any claim for injury or damages, whether consequential, special, direct, indirect, punitive or otherwise. 
 10.21.
PATRIOT Act. Each Lender and Administrative Agent (for itself and not on behalf of any Lender) hereby notifies each Credit Party that pursuant to the requirements of the PATRIOT Act, it is required to obtain, verify and record information that
identifies each Credit Party, which information includes the name and address of each Credit Party and other information that will allow such Lender or Administrative Agent, as applicable, to identify such Credit Party in accordance with the PATRIOT
Act. 
 10.22. Electronic Execution of Assignments. The words “execution,” “signed,”
“signature,” and words of like import in any Assignment Agreement shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as
a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New
York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 
 10.23. No Fiduciary Duty. Each Agent, each Lender and their Affiliates (collectively, solely for purposes of this paragraph, the “Lenders”), may have economic interests that
conflict with those of the Credit Parties, their stockholders and/or their affiliates. Each Credit Party agrees that nothing in the Credit Documents or otherwise will be deemed to create an advisory, 

  
 143

 
fiduciary or agency relationship or fiduciary or other implied duty between any Lender, on the one hand, and such Credit Party, its stockholders or its affiliates, on the other. The Credit
Parties acknowledge and agree that (i) the transactions contemplated by the Credit Documents (including the exercise of rights and remedies hereunder and thereunder) are arm’s-length commercial transactions between the Lenders, on the one
hand, and the Credit Parties, on the other, and (ii) in connection therewith and with the process leading thereto, (x) no Lender has assumed an advisory or fiduciary responsibility in favor of any Credit Party, its stockholders or its
affiliates with respect to the transactions contemplated hereby (or the exercise of rights or remedies with respect thereto) or the process leading thereto (irrespective of whether any Lender has advised, is currently advising or will advise any
Credit Party, its stockholders or its Affiliates on other matters) or any other obligation to any Credit Party except the obligations expressly set forth in the Credit Documents and (y) each Lender is acting solely as principal and not as the
agent or fiduciary of any Credit Party, its management, stockholders, creditors or any other Person. Each Credit Party acknowledges and agrees that it has consulted its own legal and financial advisors to the extent it deemed appropriate and that it
is responsible for making its own independent judgment with respect to such transactions and the process leading thereto. Each Credit Party agrees that it will not claim that any Lender has rendered advisory services of any nature or respect, or
owes a fiduciary or similar duty to such Credit Party, in connection with such transaction or the process leading thereto. 

[Remainder of page intentionally left blank] 

  
 144

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

			
	NEWPAGE CORPORATION
		
	By:	 	 /s/ Jay A. Epstein

		 	Name: Jay A. Epstein
		 	Title: Senior Vice President, Chief Financial Officer and Assistant Secretary
	
	NEWPAGE INVESTMENT COMPANY LLC
		
	By:	 	 /s/ Jay A. Epstein

		 	Name: Jay A. Epstein
		 	Title: Senior Vice President, Chief Financial Officer and Assistant Secretary
	
	ESCANABA PAPER COMPANY
		
	By:	 	 /s/ Jay A. Epstein

		 	Name: Jay A. Epstein
		 	Title: Senior Vice President, Chief Financial Officer and Assistant Secretary
	
	LUKE PAPER COMPANY
		
	By:	 	 /s/ Jay A. Epstein

		 	Name: Jay A. Epstein
		 	Title: Senior Vice President, Chief Financial Officer and Assistant Secretary
	
	NEWPAGE CONSOLIDATED PAPERS INC.
		
	By:	 	 /s/ Jay A. Epstein

		 	Name: Jay A. Epstein
		 	Title: Senior Vice President, Chief Financial Officer and Assistant Secretary

  
 Credit and
Guaranty Agreement (Term Loan) 

 
			
	NEWPAGE WISCONSIN SYSTEM INC.
		
	By:	 	 /s/ Jay A. Epstein

		 	Name: Jay A. Epstein
		 	Title: Senior Vice President, Chief Financial Officer and Assistant Secretary
	
	RUMFORD PAPER COMPANY
		
	By:	 	 /s/ Jay A. Epstein

		 	Name: Jay A. Epstein
		 	Title: Senior Vice President, Chief Financial Officer and Assistant Secretary
	
	WICKLIFFE PAPER COMPANY LLC
		
	By:	 	 /s/ Jay A. Epstein

		 	Name: Jay A. Epstein
		 	Title: Senior Vice President, Chief Financial Officer and Assistant Secretary

  
 Credit and
Guaranty Agreement (Term Loan) 

 
			
	GOLDMAN SACHS LENDING PARTNERS LLC, as a Joint Lead Arranger, Syndication Agent, a Joint Bookrunner and a Lender
		
	By:	 	 /s/ Robert Ehudin

		 	Name: Robert Ehudin
		 	Title: Authorized Signatory

  
 Credit and
Guaranty Agreement (Term Loan) 

 
			
	BARCLAYS BANK PLC, as Administrative Agent, Collateral Agent, a Joint Lead Arranger and a Joint Bookrunner
		
	By:	 	 /s/ Craig J Malloy

		 	Name: Craig J Malloy
		 	Title: Director

  
 Credit and
Guaranty Agreement (Term Loan) 

 
			
	J.P. MORGAN SECURITIES LLC, as Documentation Agent, a Joint Lead Arranger and a Joint Bookrunner
		
	By:	 	 /s/ Dan Pombo

		 	Name: Dan Pombo
		 	Title: Executive Director

  
 Credit and
Guaranty Agreement (Term Loan) 

 APPENDIX A 
 TO CREDIT AND GUARANTY AGREEMENT 
 Term Loan Commitments 

 

									
	 Lender
	  	Term Loan
Commitment	 	  	Pro
Rata Share	 
	 Goldman Sachs Lending Partners LLC
	  	$	500,000,000.00	  	  	 	100	% 
	 Total
	  	$	500,000,000.00	  	  	 	100	% 

  
 APPENDIX A-1

 APPENDIX B 
 TO CREDIT AND GUARANTY AGREEMENT 
 Notice Addresses 

NewPage Corporation 
 and each Guarantor

         8540 Gander Creek Drive 
         Miamisburg, Ohio 45342 

        Attention: Jay Epstein, CFO 
         Facsimile: (937) 242-9324 

        E-mail: jay.epstein@newpagecorp.com 
 with a copy to: 
         Proskauer Rose LLP 

        11 Times Square 
         New York, NY 10036-8299 

        Attention : Justin Breen 
         Facsimile: (212) 969-2900 

        E-mail: jbreen@proskauer.com 

  
 APPENDIX B-1

 GOLDMAN SACHS LENDING PARTNERS LLC, 
 as Lender: 
 Goldman Sachs Lending Partners LLC 

c/o Goldman, Sachs & Co. 
 30 Hudson
Street, 36th Floor 
 Jersey City, NJ 07302 
 Attention: SBD Operations 
 Email: gsd.link@gs.com and
ficc-sbdagency-nydallas@ny.email.gs.com 
 with a copy to: 
 Goldman Sachs Lending Partners LLC 
 200 West Street 

New York, New York 10282-2198 
 Attention:
Michelle Latzoni 

  
 APPENDIX B-2

 BARCLAYS BANK PLC, 
 as Administrative Agent and Collateral Agent 
 Administrative Agent’s Principal Office:

         BARCLAYS BANK PLC 
         745 7th Avenue, 27th floor 

        New York, NY 10019 
         Attention: Patrick Kerner 

        Email: Patrick.kerner@barclays.com 

  
 APPENDIX B-3

 J.P. MORGAN SECURITIES LLC, 
 as Documentation Agent 
         J.P. MORGAN SECURITIES
LLC 
         383 Madison Ave, Floor 27 
         New York, NY 10179 

        Attention: Dan Pombo 
         E-mail: daniel.pombo@jpmorgan.com 

  
 APPENDIX B-4

 SCHEDULE 3.01(g) 

CLOSING DATE MORTGAGED PROPERTIES 
 The Real Estate Assets set forth on Annex A to this Schedule 3.1(g), together with all other fee-owned Real Estate Assets of the Credit Parties located at, adjacent to or within the vicinity of each Mill,
other than Excluded Real Estate Assets (as defined below). “Mill” means the Real Estate Assets (together with any related machinery, equipment and other fixtures and personal property) of the Credit Parties used in connection with their
paper manufacturing or converting operations and primarily located at (i) 1724 Fort Jefferson Hill Road, Wickliffe, Kentucky, (ii) 35 Hartford Street, Rumford, Maine, (iii) 300 Pratt Street, Luke, Maryland, (iv) 7100 County 426 M.5
Road, Escanaba, Michigan, (v) 100 North Central Avenue, Duluth, Minnesota, (vi) 621 North Biron Drive, Wisconsin Rapids, Wisconsin, (vii) 707 Arlington Place, Stevens Point, Wisconsin and (viii) 310 3rd Avenue North, Wisconsin
Rapids, Wisconsin. “Excluded Real Estate Assets” means any fee-owned Real Estate Asset that is not used in any material respect for the Credit Parties’ paper manufacturing or converting operations conducted at any Mill; provided, that
together with all other Excluded Real Estate Assets, the Excluded Real Estate Assets have a fair market value, in the reasonable good faith determination of the Borrower, of less than $150,000,000 as of the Closing Date. 

			
	NewPage Corporation	 	Edit Date
		
	Real Property list with acreage	 	18-Dec-12

  

																					
	 ID #/
 SL #
	 	Mill contact	 	Mill name	 	 Property Name /

Type
	 	 Address
	 	City	 	State/
Province	 	Land
Area
(acres)	 	 	 Owner
	 	Parcel numbers/
Comments
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	4.04	  	 	NewPage Wisconsin System Inc.	 	010-4490-00010
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	1.37	  	 	NewPage Wisconsin System Inc.	 	010-4490-03920
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	0.78	  	 	NewPage Wisconsin System Inc.	 	010-0130-00050
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	1.09	  	 	NewPage Wisconsin System Inc.	 	010-0130-00082
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	3.68	  	 	NewPage Wisconsin System Inc.	 	010-0130-00100
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	3.20	  	 	NewPage Wisconsin System Inc.	 	010-0130-00110
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	0.43	  	 	NewPage Wisconsin System Inc.	 	010-0130-00130
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	1.36	  	 	NewPage Wisconsin System Inc.	 	010-0130-00170
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	5.32	  	 	NewPage Wisconsin System Inc.	 	010-2700-00512
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	0.51	  	 	NewPage Wisconsin System Inc.	 	010-2700-00514
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	0.59	  	 	NewPage Wisconsin System Inc.	 	010-4470-04365

																					
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	0.81	  	 	NewPage Wisconsin System Inc.	 	010-4470-04532
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	0.96	  	 	NewPage Wisconsin System Inc.	 	010-4470-04665
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	1.11	  	 	NewPage Wisconsin System Inc.	 	010-4470-04865
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	1.80	  	 	NewPage Wisconsin System Inc.	 	010-4470-05010
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	1.88	  	 	NewPage Wisconsin System Inc.	 	010-4470-05160
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	1.88	  	 	NewPage Wisconsin System Inc.	 	010-4470-05330
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	1.44	  	 	NewPage Wisconsin System Inc.	 	010-4470-05480
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	1.44	  	 	NewPage Wisconsin System Inc.	 	010-4470-07100
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	1.88	  	 	NewPage Wisconsin System Inc.	 	010-4470-07260
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	1.88	  	 	NewPage Wisconsin System Inc.	 	010-4470-07420
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	1.80	  	 	NewPage Wisconsin System Inc.	 	010-4470-07610
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	1.65	  	 	NewPage Wisconsin System Inc.	 	010-4470-07790
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	1.72	  	 	NewPage Wisconsin System Inc.	 	010-4470-07950
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	0.27	  	 	NewPage Wisconsin System Inc.	 	010-4490-00040

																					
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	0.07	  	  	NewPage Wisconsin System Inc.	  	010-4490-00050
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	0.07	  	  	NewPage Wisconsin System Inc.	  	010-4490-00060
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	0.07	  	  	NewPage Wisconsin System Inc.	  	010-4490-00070
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	0.07	  	  	NewPage Wisconsin System Inc.	  	010-4490-00080
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	0.18	  	  	NewPage Wisconsin System Inc.	  	010-4490-00090
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	0.08	  	  	NewPage Wisconsin System Inc.	  	010-4490-00100
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	0.08	  	  	NewPage Wisconsin System Inc.	  	010-4490-00110
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	0.08	  	  	NewPage Wisconsin System Inc.	  	010-4490-00120
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	0.08	  	  	NewPage Wisconsin System Inc.	  	010-4490-00130
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	0.34	  	  	NewPage Wisconsin System Inc.	  	010-4490-00135
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	0.23	  	  	NewPage Wisconsin System Inc.	  	010-4490-00215
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	0.11	  	  	NewPage Wisconsin System Inc.	  	010-4490-00285
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	0.10	  	  	NewPage Wisconsin System Inc.	  	010-4490-00505
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	0.63	  	  	NewPage Wisconsin System Inc.	  	010-4490-02735

																					
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.20	  	  	NewPage Wisconsin System Inc.	  	010-4490-02862
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	7.99	  	  	NewPage Wisconsin System Inc.	  	010-4490-03030
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.74	  	  	NewPage Wisconsin System Inc.	  	010-4490-03230
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.77	  	  	NewPage Wisconsin System Inc.	  	010-4490-03380
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.77	  	  	NewPage Wisconsin System Inc.	  	010-4490-03560
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.72	  	  	NewPage Wisconsin System Inc.	  	010-4490-03740
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.80	  	  	NewPage Wisconsin System Inc.	  	010-4490-04310
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.80	  	  	NewPage Wisconsin System Inc.	  	010-4490-04650
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.80	  	  	NewPage Wisconsin System Inc.	  	010-4490-04840
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.80	  	  	NewPage Wisconsin System Inc.	  	010-4490-05020
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.65	  	  	NewPage Wisconsin System Inc.	  	010-4490-05200
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.65	  	  	NewPage Wisconsin System Inc.	  	010-4490-05380
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.44	  	  	NewPage Wisconsin System Inc.	  	010-4490-05560
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.80	  	  	NewPage Wisconsin System Inc.	  	010-4490-05720

																					
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.80	  	  	NewPage Wisconsin System Inc.	  	010-4490-05900
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.80	  	  	NewPage Wisconsin System Inc.	  	010-4490-06120
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.80	  	  	NewPage Wisconsin System Inc.	  	010-4490-06410
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.80	  	  	NewPage Wisconsin System Inc.	  	010-4490-06680
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.80	  	  	NewPage Wisconsin System Inc.	  	010-4490-06860
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.71	  	  	NewPage Wisconsin System Inc.	  	010-4490-07040
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.47	  	  	NewPage Wisconsin System Inc.	  	010-4490-07220
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	0.63	  	  	NewPage Wisconsin System Inc.	  	010-4490-07400
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	0.05	  	  	NewPage Wisconsin System Inc.	  	010-4490-07435
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.30	  	  	NewPage Wisconsin System Inc.	  	010-4490-07560
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.33	  	  	NewPage Wisconsin System Inc.	  	010-4490-07780
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	0.67	  	  	NewPage Wisconsin System Inc.	  	010-4490-07970
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.16	  	  	NewPage Wisconsin System Inc.	  	010-4490-08410
	D1	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	 	1.54	  	  	NewPage Wisconsin System Inc.	  	010-4490-08320

																					
	B1	  	Christenson	  	Biron	  	Biron, Wisconsin	  	621 N. Biron Dr., Wisconsin Rapids, WI 54494 - Map B - Main Biron Mill Facility	  	Biron	  	WI	  	 	75.00	  	  	NewPage Wisconsin System Inc.	  	2400029
	B1	  	Christenson	  	Biron	  	Biron, Wisconsin	  	 621 N. Biron Dr., Wisconsin Rapids, WI 54494 - Map

F - Biron Mill Log Storage
	  	Biron	  	WI	  	 	18.07	  	  	NewPage Wisconsin System Inc.	  	2400088
	B1	  	Christenson	  	Biron	  	Biron, Wisconsin	  	 621 N. Biron Dr., Wisconsin Rapids, WI 54494 - Map

G - Biron Mill Log Storage
	  	Biron	  	WI	  	 	7.68	  	  	NewPage Wisconsin System Inc.	  	2400091D
	B2	  	Christenson	  	Biron	  	Biron, Wisconsin	  	 621 N. Biron Dr., Wisconsin Rapids, WI 54494 - Map

D - Main R&D Facility
	  	Biron	  	WI	  	 	45.29	  	  	NewPage Wisconsin System Inc.	  	2400033
	B2	  	Christenson	  	Biron	  	Biron, Wisconsin	  	 621 N. Biron Dr., Wisconsin Rapids, WI 54494 - Map

E - Additional R&D Property
	  	Biron	  	WI	  	 	1.00	  	  	NewPage Wisconsin System Inc.	  	2400034
	B3	  	Christenson	  	Biron	  	Biron, Wisconsin	  	621 N. Biron Dr., Wisconsin Rapids, WI 54494	  	Biron	  	WI	  	 	17.63	  	  	NewPage Wisconsin System Inc.	  	2400028
	B3	  	Christenson	  	Biron	  	Biron, Wisconsin	  	621 N. Biron Dr., Wisconsin Rapids, WI 54494	  	Biron	  	WI	  	 	3.73	  	  	NewPage Wisconsin System Inc.	  	2400032A
	B3	  	Christenson	  	Biron	  	Biron, Wisconsin	  	621 N. Biron Dr., Wisconsin Rapids, WI 54494	  	Biron	  	WI	  	 	3.87	  	  	NewPage Wisconsin System Inc.	  	2400120
	B3	  	Christenson	  	Biron	  	Biron, Wisconsin	  	621 N. Biron Dr., Wisconsin Rapids, WI 54494	  	Biron	  	WI	  	 	1.16	  	  	NewPage Wisconsin System Inc.	  	2400184
	B3	  	Christenson	  	Biron	  	Biron, Wisconsin	  	300 N. Biron Dr.; Wisconsin Rapids, WI 54494	  	Biron	  	WI	  	 	2.1	  	  	NewPage Wisconsin System Inc.	  	2400197

																					
	B3	  	Christenson	  	Biron	  	Biron, Wisconsin	  	Biron	  	Biron	  	WI	  	 	1.14	  	  	NewPage Wisconsin System Inc.	  	2400210
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	7.51	  	  	Escanaba Paper Company	  	21-014-006-015-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	19.96	  	  	Escanaba Paper Company	  	21-014-006-040-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	22.06	  	  	Escanaba Paper Company	  	21-014-006-043-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	97.28	  	  	Escanaba Paper Company	  	21-014-006-044-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	8.66	  	  	Escanaba Paper Company	  	21-014-006-045-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	13.61	  	  	Escanaba Paper Company	  	21-014-006-046-10
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	0.84	  	  	Escanaba Paper Company	  	21-014-006-051-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	0.95	  	  	Escanaba Paper Company	  	21-014-007-004-10
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	326.77	  	  	Escanaba Paper Company	  	21-014-051-001-00

																					
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	4.50	  	  	Escanaba Paper Company	  	21-014-051-021-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	6.32	  	  	Escanaba Paper Company	  	21-014-051-022-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	10.15	  	  	Escanaba Paper Company	  	21-014-051-023-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	1.03	  	  	Escanaba Paper Company	  	21-014-051-026-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	1.03	  	  	Escanaba Paper Company	  	21-014-051-026-10
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	0.43	  	  	Escanaba Paper Company	  	21-014-051-027-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	12.48	  	  	Escanaba Paper Company	  	21-014-051-039-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	9.59	  	  	Escanaba Paper Company	  	21-014-051-041-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	21.00	  	  	Escanaba Paper Company	  	21-007-030-012-00

																					
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	40.00	  	  	Escanaba Paper Company	  	21-007-030-013-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	40.00	  	  	Escanaba Paper Company	  	21-007-030-019-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	40.00	  	  	Escanaba Paper Company	  	21-007-030-020-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	80.00	  	  	Escanaba Paper Company	  	21-007-030-022-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	24.25	  	  	Escanaba Paper Company	  	21-007-030-024-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	7.00	  	  	Escanaba Paper Company	  	21-007-030-025-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	35.00	  	  	Escanaba Paper Company	  	21-007-031-003-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	40.00	  	  	Escanaba Paper Company	  	21-007-031-004-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	70.00	  	  	Escanaba Paper Company	  	21-007-031-005-00

																					
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	12.50	  	  	Escanaba Paper Company	  	21-007-031-006-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	79.20	  	  	Escanaba Paper Company	  	21-007-031-008-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	0.33	  	  	Escanaba Paper Company	  	21-007-124-052-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	39.79	  	  	Escanaba Paper Company	  	21-007-125-008-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	40.00	  	  	Escanaba Paper Company	  	21-007-125-009-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	40.00	  	  	Escanaba Paper Company	  	21-007-125-010-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	34.20	  	  	Escanaba Paper Company	  	21-007-125-011-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	26.20	  	  	Escanaba Paper Company	  	21-007-125-013-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	31.21	  	  	Escanaba Paper Company	  	21-007-125-021-00

																					
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	12.06	  	  	Escanaba Paper Company	  	21-007-125-022-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	43.15	  	  	Escanaba Paper Company	  	21-007-125-026-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	15.00	  	  	Escanaba Paper Company	  	21-007-135-040-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	100.96	  	  	Escanaba Paper Company	  	21-007-135-076-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	40.00	  	  	Escanaba Paper Company	  	21-007-136-001-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	40.00	  	  	Escanaba Paper Company	  	21-007-136-002-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	40.00	  	  	Escanaba Paper Company	  	21-007-136-003-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	40.00	  	  	Escanaba Paper Company	  	21-007-136-004-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	80.00	  	  	Escanaba Paper Company	  	21-007-136-005-00

																					
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	40.00	  	  	Escanaba Paper Company	  	21-007-136-006-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	40.00	  	  	Escanaba Paper Company	  	21-007-136-007-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	20.00	  	  	Escanaba Paper Company	  	21-007-136-008-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	20.00	  	  	Escanaba Paper Company	  	21-007-136-009-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	40.00	  	  	Escanaba Paper Company	  	21-007-136-010-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	57.30	  	  	Escanaba Paper Company	  	21-007-136-011-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	23.68	  	  	Escanaba Paper Company	  	21-007-136-012-00
	E1	  	Wulf	  	Escanaba	  	Escanaba Mill	  	7100 County 426 M.5 Road, Escanaba, Delta County, MI	  	Escanaba	  	MI	  	 	63.40	  	  	Escanaba Paper Company	  	21-007-136-013-00
	E25	  	Wulf	  	Escanaba	  	Escanaba Finished Products Warehouse	  	Route 2, Mead Road, Bovine, MI	  	Lanse
Township	  	MI	  	 	20	  	  	Escanaba Paper Company	  	07-004-366-006-00
	E25	  	Wulf	  	Escanaba	  	Escanaba Finished Products Warehouse	  	Route 2, Mead Road, Bovine, MI	  	Lanse
Township	  	MI	  	 	20	  	  	Escanaba Paper Company	  	07-004366-010-00

																					
	E26	  	Wulf	  	Escanaba	  	Escanaba Finished
Products Warehouse	 	3204 County Road H-40, Trout Lake, Chippewa County, MI	  	Trout
Lake
Township	  	MI	  	 	28.33	  	  	Escanaba Paper Company	  	17-015-222-001-00
	E26	  	Wulf	  	Escanaba	  	Escanaba Finished
Products Warehouse	 	3204 County Road H-40, Trout Lake, Chippewa County, MI	  	Trout
Lake
Township	  	MI	  	 	0.92	  	  	Escanaba Paper Company	  	17-015-223-031-00
	E26	  	Wulf	  	Escanaba	  	Escanaba Finished
Products Warehouse	 	3204 County Road H-40, Trout Lake, Chippewa County, MI	  	Trout
Lake
Township	  	MI	  	 	10	  	  	Escanaba Paper Company	  	17-015-223-032-00
	W5	  	Scourick	  	Wickliffe	  	Wickliffe Landfills
and Solid Waste
Facilities	 	Wickliffe Mill Landfill (Active), Ballard County, KY	  	Wickliffe	  	KY	  	 	84.57	  	  	Wickliffe Paper Company LLC	  	20-02-04
	W9	  	Scourick	  	Wickliffe	  	Wickliffe Landfills
and Solid Waste
Facilities	 	Mill-Carlisle County Landfill (Pending Closure), Wickliffe, Ballard County, KY	  	Wickliffe	  	KY	  	 	275	  	  	Wickliffe Paper Company LLC	  	012-00-00-010.00
	W11	  	Scourick	  	Wickliffe	  	Wickliffe Mill and
Associated Real
Property	 	1724 Westvaco Road, Wickliffe, Ballard County, KY	  	Wickliffe	  	KY	  	 	1174	  	  	Wickliffe Paper Company LLC	  	20-01BO
	W12	  	Scourick	  	Wickliffe	  	Wickliffe Mill and
Associated Real
Property	 	0 Westvaco Road, Wickliffe, Ballard County, KY	  	Wickliffe	  	KY	  	 	219	  	  	Wickliffe Paper Company LLC	  	20-01-01
	W14	  	Scourick	  	Wickliffe	  	Wickliffe Mill and
Associated Real
Property	 	Mill-Ballard County Landfill (Pending Closure), Wickliffe, Ballard County, KY	  	Wickliffe	  	KY	  	 	33	  	  	Wickliffe Paper Company LLC	  	20-06-02
	SP1	  	Kolpacki	  	Stevens
Pt	  	SP Mill Landfill	 	2308.05.3000.02	  	Stevens
Point	  	WI	  	 	33.290	  	  	NewPage Wisconsin System Inc.	  	2308.05.3000.02
	SP2	  	Kolpacki	  	Stevens
Pt	  	Vacant lot across
river from mill	 	2408.31.4015.07	  	Stevens
Point	  	WI	  	 	0.248	  	  	NewPage Wisconsin System Inc.	  	2408.31.4015.07
	SP3	  	Kolpacki	  	Stevens
Pt	  	Parking lot (upper
one)	 	2408.32.2019.34	  	Stevens
Point	  	WI	  	 	0.406	  	  	NewPage Wisconsin System Inc.	  	2408.32.2019.34

																					
	SP4	  	Kolpacki	  	Stevens
Pt	  	Parking lot (upper one)	  	2408.32.2019.36	  	Stevens
Point	  	WI	  	 	0.384	  	  	NewPage Wisconsin System Inc.	  	2408.32.2019.36
	SP7	  	Kolpacki	  	Stevens
Pt	  	lot on Water St - Says Stora Enso, Wis Rapids	  	2408.32.3002.24	  	Stevens
Point	  	WI	  	 	0.172	  	  	NewPage Wisconsin System Inc.	  	2408.32.3002.24
	SP8	  	Kolpacki	  	Stevens
Pt	  	lot on Water St - Says Stora Enso, Wis Rapids	  	2408.32.3002.26	  	Stevens
Point	  	WI	  	 	0.207	  	  	NewPage Wisconsin System Inc.	  	2408.32.3002.26
	SP9	  	Kolpacki	  	Stevens
Pt	  	lot on Water St - Says Stora Enso, Wis Rapids	  	2408.32.3002.27	  	Stevens
Point	  	WI	  	 	0.207	  	  	NewPage Wisconsin System Inc.	  	2408.32.3002.27
	SP10	  	Kolpacki	  	Stevens
Pt	  	lot on Water St - Says Stora Enso, Wis Rapids	  	2408.32.3002.29	  	Stevens
Point	  	WI	  	 	0.220	  	  	NewPage Wisconsin System Inc.	  	2408.32.3002.29
	SP11	  	Kolpacki	  	Stevens
Pt	  	lot on Water St - Says Stora Enso, Wis Rapids	  	2408.32.3002.34	  	Stevens
Point	  	WI	  	 	0.331	  	  	NewPage Wisconsin System Inc.	  	2408.32.3002.34
	SP12	  	Kolpacki	  	Stevens
Pt	  	lot on Water St - Says Stora Enso, Wis Rapids	  	2408.32.3002.36	  	Stevens
Point	  	WI	  	 	0.183	  	  	NewPage Wisconsin System Inc.	  	2408.32.3002.36
	SP13	  	Kolpacki	  	Stevens
Pt	  	lot on Water St - Says Stora Enso, Wis Rapids	  	2408.32.3002.37	  	Stevens
Point	  	WI	  	 	0.172	  	  	NewPage Wisconsin System Inc.	  	2408.32.3002.37
	SP14	  	Kolpacki	  	Stevens
Pt	  	Mill	  	2408.32.3002.55	  	Stevens
Point	  	WI	  	 	24.565	  	  	NewPage Wisconsin System Inc.	  	2408.32.3002.55
	SP15	  	Kolpacki	  	Stevens
Pt	  	Mill - Across Wis St	  	2408.32.3007.07	  	Stevens
Point	  	WI	  	 	2.013	  	  	NewPage Wisconsin System Inc.	  	2408.32.3007.07
	SP16	  	Kolpacki	  	Stevens
Pt	  	Mill - Across Wis St	  	2408.32.3008.02	  	Stevens
Point	  	WI	  	 	4.298	  	  	NewPage Wisconsin System Inc.	  	2408.32.3008.02
	SP17	  	Kolpacki	  	Stevens
Pt	  	Mill - Across Wis St	  	2408.32.3013.15	  	Stevens
Point	  	WI	  	 	3.794	  	  	NewPage Wisconsin System Inc.	  	2408.32.3013.15
	SP20	  	Winkler	  	Stevens
Pt	  	Stevens Point, Wisconsin (Water Renewal Center)	  	2690 W River Dr, Stevens Point, Wisconsin 54481	  	Stevens
Point	  	WI	  	 	35	  	  	NewPage Wisconsin System Inc.	  	2423080811
	SP20	  	Winkler	  	Stevens
Pt	  	Stevens Point, Wisconsin (Water Renewal Center)	  	2690 W River Dr, Stevens Point, Wisconsin 54481	  	Stevens
Point	  	WI	  	 	20	  	  	NewPage Wisconsin System Inc.	  	2423080812
	SP20	  	Winkler	  	Stevens
Pt	  	Stevens Point, Wisconsin (Water Renewal Center)	  	2690 W River Dr, Stevens Point, Wisconsin 54481	  	Stevens
Point	  	WI	  	 	58.06	  	  	NewPage Wisconsin System Inc.	  	242308080502

																					
	SP20	  	Winkler	  	Stevens
Pt	  	Stevens Point, Wisconsin (Water Renewal Center)	  	2690 W River Dr, Stevens Point, Wisconsin 54481	  	Stevens
Point	  	WI	  	 	40	  	  	NewPage Wisconsin System Inc.	  	024-23-0817-06
	SP20	  	Winkler	  	Stevens
Pt	  	Stevens Point, Wisconsin (Water Renewal Center)	  	2690 W River Dr, Stevens Point, Wisconsin 54481	  	Stevens
Point	  	WI	  	 	39.77	  	  	NewPage Wisconsin System Inc.	  	024-23-0817-07.01
	SP20	  	Winkler	  	Stevens
Pt	  	Stevens Point, Wisconsin (Water Renewal Center)	  	2690 W River Dr, Stevens Point, Wisconsin 54481	  	Stevens
Point	  	WI	  	 	40	  	  	NewPage Wisconsin System Inc.	  	024-23-0818-04
	SP20	  	Winkler	  	Stevens
Pt	  	Stevens Point, Wisconsin (Water Renewal Center)	  	2690 W River Dr, Stevens Point, Wisconsin 54481	  	Stevens
Point	  	WI	  	 	34.4	  	  	NewPage Wisconsin System Inc.	  	024230808:06.10
	SP20	  	Winkler	  	Stevens
Pt	  	Stevens Point, Wisconsin (Water Renewal Center)	  	2690 W River Dr, Stevens Point, Wisconsin 54481	  	Stevens
Point	  	WI	  	 	1	  	  	NewPage Wisconsin System Inc.	  	024230808:06.02
	SP20	  	Winkler	  	Stevens
Pt	  	Stevens Point, Wisconsin (Water Renewal Center)	  	2690 W River Dr, Stevens Point, Wisconsin 54481	  	Stevens
Point	  	WI	  	 	2.92	  	  	NewPage Wisconsin System Inc.	  	024230808:06.13
	34	  	Rebuck	  	Luke	  	Luke Mill	  	Maryland Avenue, Westernport, Allegany County, MD	  	Westernport	  	MD	  	 	3.178	  	  	Luke Paper Company	  	08019800
	35	  	Rebuck	  	Luke	  	Luke Mill	  	Grant Street, Luke, Allegany County, MD	  	Luke	  	MD	  	 	0.8264	  	  	Luke Paper Company	  	08019584
	35	  	Rebuck	  	Luke	  	Luke Mill	  	Grant Street, Luke, Allegany County, MD	  	Luke	  	MD	  	 	0.5509	  	  	Luke Paper Company	  	08019592
	35	  	Rebuck	  	Luke	  	Luke Mill	  	Grant Street, Luke, Allegany County, MD	  	Luke	  	MD	  	 	0.5325	  	  	Luke Paper Company	  	08019606

																					
	35	  	Rebuck	  	Luke	  	Luke Mill	  	Grant Street, Luke, Allegany County, MD	  	Luke	  	MD	  	 	0.5509	  	  	Luke Paper Company	  	08019819
	37	  	Rebuck	  	Luke	  	Luke Mill	  	*Section D Drawing No. P17304, Westvaco Property Located on Green Mountain, dated 7/14/87, prepared by CR. Smith	  	Mineral
County	  	WV	  	 	5307.105	  	  	Luke Paper Company	  	0001
0003
0000
	40	  	Rebuck	  	Luke	  	Luke Mill	  	Warehouse/State Route 135, McCoole, Allegany County, MD	  	McCoole	  	MD	  	 	31.292	  	  	Luke Paper Company	  	31003539
	46	  	Rebuck	  	Luke	  	Luke Mill	  	Route 135, Tri-Towns Plaza, Westernport, Allegany County, MD	  	Westernport	  	MD	  	 	1.1	  	  	Luke Paper Company	  	08022054
	50	  	Rebuck	  	Luke	  	Luke Warehouse/Distribution Facilities Owned by Acquired Companies	  	Finished Products Warehouse, Luke, MD	  	Luke	  	MD	  	 	9	  	  	Luke Paper Company	  	31007747
	L60	  	Rebuck	  	Luke	  	Luke	  	Allong W MD RWY Luke st Cromwell St & Pratt	  	Allegany	  	MD	  	 	0.44	  	  	Luke Paper Company	  	08001391
	L61	  	Rebuck	  	Luke	  	Luke	  	115 Pratt St Lot 8	  	Allegany	  	MD	  	 	0.0298	  	  	Luke Paper Company	  	08001677
	L75	  	Rebuck	  	Luke	  	Luke	  	PT Closed Commercrestcest Running N/W Fr RT 135 at Luke	  	Allegany	  	MD	  	 	0.086	  	  	Luke Paper Company	  	08002088
	L77	  	Rebuck	  	Luke	  	Luke	  	PT Closed Cromwell LL St at Luke	  	Allegany	  	MD	  	 	0.402	  	  	Luke Paper Company	  	08002118
	L78	  	Rebuck	  	Luke	  	Luke	  	PT Closed Alley at Luke Running N/W Fr Intr With Cromwell St	  	Allegany	  	MD	  	 	0.072	  	  	Luke Paper Company	  	08002126

																					
	L79	  	Rebuck	  	Luke	  	Luke	  	PT of Closed Alley EY At Luke	  	Allegany	  	MD	  	 	0.069	  	  	Luke Paper Company	  	08002134
	L89	  	Rebuck	  	Luke	  	Luke	  	408 Pratt St Pt Lot 199 87	  	Allegany	  	MD	  	 	0.049	  	  	Luke Paper Company	  	08004161
	L92	  	Rebuck	  	Luke	  	Luke	  	113 W/S Pratt St Lot 7	  	Allegany	  	MD	  	 	0.030	  	  	Luke Paper Company	  	08004404
	L93	  	Rebuck	  	Luke	  	Luke	  	323 Pratt St PT LT 152	  	Allegany	  	MD	  	 	0.053	  	  	Luke Paper Company	  	08004579
	L102	  	Rebuck	  	Luke	  	Luke	  	420 Pratt St Lot 205	  	Allegany	  	MD	  	 	0.087	  	  	Luke Paper Company	  	08005680
	L103	  	Rebuck	  	Luke	  	Luke	  	319 E/S Fairview St St Lot 150	  	Allegany	  	MD	  	 	0.057	  	  	Luke Paper Company	  	08005745
	L105	  	Rebuck	  	Luke	  	Luke	  	325 Pratt St Lot 153 PT 154	  	Allegany	  	MD	  	 	0.057	  	  	Luke Paper Company	  	08006229
	L117	  	Rebuck	  	Luke	  	Luke	  	418 Prat St Lot 204	  	Allegany	  	MD	  	 	0.092	  	  	Luke Paper Company	  	08010315
	L128	  	Rebuck	  	Luke	  	Luke	  	402 Pratt St Lot 196 90	  	Allegany	  	MD	  	 	0.052	  	  	Luke Paper Company	  	08014280
	L129	  	Rebuck	  	Luke	  	Luke	  	426 Pratt St Lot 208 71	  	Allegany	  	MD	  	 	0.040	  	  	Luke Paper Company	  	08014345
	L130	  	Rebuck	  	Luke	  	Luke	  	317 Pratt St Lot 149	  	Allegany	  	MD	  	 	0.112	  	  	Luke Paper Company	  	08014388
	L132	  	Rebuck	  	Luke	  	Luke	  	E/S Pratt St PT Lot 200 85	  	Allegany	  	MD	  	 	0.048	  	  	Luke Paper Company	  	08014469
	L133	  	Rebuck	  	Luke	  	Luke	  	E/S Pratt St Lot 201	  	Allegany	  	MD	  	 	0.048	  	  	Luke Paper Company	  	08014477
	L138	  	Rebuck	  	Luke	  	Luke	  	Pratt, Commerce, Cromwell & Jefferson STS	  	Allegany	  	MD	  	 	2.321	  	  	Luke Paper Company	  	08015112
	L141	  	Rebuck	  	Luke	  	Luke	  	199 Pratt St Lot 1	  	Allegany	  	MD	  	 	0.081	  	  	Luke Paper Company	  	08015929
	L147	  	Rebuck	  	Luke	  	Luke	  	W/S Cromwell St Lot 78 PT 77	  	Allegany	  	MD	  	 	0.110	  	  	Luke Paper Company	  	08017484
	L148	  	Rebuck	  	Luke	  	Luke	  	W/S Cromwell St PT LTS 72 Thru 76	  	Allegany	  	MD	  	 	0.138	  	  	Luke Paper Company	  	08017506
	L151	  	Rebuck	  	Luke	  	Luke	  	County Rd at Franklin	  	Allegany	  	MD	  	 	1.740	  	  	Luke Paper Company	  	08018995
	L154	  	Rebuck	  	Luke	  	Luke	  	Pratt St Lts 192 thru 195	  	Allegany	  	MD	  	 	0.230	  	  	Luke Paper Company	  	08019460

																					
	L156	  	Rebuck	  	Luke	  	Luke	  	Above Westernport	  	Allegany	  	MD	  	 	4.060	  	  	Luke Paper Company	  	08019525
	L157	  	Rebuck	  	Luke	  	Luke	  	116 Cromwell St Lots 113-114	  	Allegany	  	MD	  	 	0.115	  	  	Luke Paper Company	  	08019533
	L158	  	Rebuck	  	Luke	  	Luke	  	Fairview St Pt Lot 635	  	Allegany	  	MD	  	 	0.052	  	  	Luke Paper Company	  	08019541
	L159	  	Rebuck	  	Luke	  	Luke	  	Fairview St Pt Lot 635	  	Allegany	  	MD	  	 	0.052	  	  	Luke Paper Company	  	08019568
	L160	  	Rebuck	  	Luke	  	Luke	  	Fairview St Pt Lot 641-642	  	Allegany	  	MD	  	 	0.103	  	  	Luke Paper Company	  	08019576
	L162	  	Rebuck	  	Luke	  	Luke	  	Adj N/S 69 Nullan Avn Pt Lots 40-41-42 Spangler	  	Allegany	  	MD	  	 	0.115	  	  	Luke Paper Company	  	08019622
	L170	  	Rebuck	  	Luke	  	Luke	  	N Concrete Steps	  	Allegany	  	MD	  	 	2.400	  	  	Luke Paper Company	  	08019711
	L173	  	Rebuck	  	Luke	  	Luke	  	S. Mullan Ave W of Spangler Ave	  	Allegany	  	MD	  	 	1.500	  	  	Luke Paper Company	  	08019762
	L174	  	Rebuck	  	Luke	  	Luke	  	County Rd	  	Allegany	  	MD	  	 	0.450	  	  	Luke Paper Company	  	08019770
	L175	  	Rebuck	  	Luke	  	Luke	  	Pt W MD Rwy	  	Allegany	  	MD	  	 	0.210	  	  	Luke Paper Company	  	08019797
	L177	  	Rebuck	  	Luke	  	Luke	  	E/S Pratt St PT Lot 203	  	Allegany	  	MD	  	 	0.057	  	  	Luke Paper Company	  	08019851
	L178	  	Rebuck	  	Luke	  	Luke	  	430 Pratt St Pt Lot 210	  	Allegany	  	MD	  	 	0.037	  	  	Luke Paper Company	  	08019924
	L181	  	Rebuck	  	Luke	  	Luke	  	Horse Rock Hill Lot 9	  	Allegany	  	MD	  	 	0.845	  	  	Luke Paper Company	  	08019959
	L183	  	Rebuck	  	Luke	  	Luke	  	Land along back Lineline of LTS 60 to 68 inc H/R Hill S/D	  	Allegany	  	MD	  	 	1.030	  	  	Luke Paper Company	  	08020159
	L184	  	Rebuck	  	Luke	  	Luke	  	W MD Rwy Lot Tri & 4th	  	Allegany	  	MD	  	 	1.953	  	  	Luke Paper Company	  	08020175
	L185	  	Rebuck	  	Luke	  	Luke	  	130 Mullan Ave	  	Allegany	  	MD	  	 	0.133	  	  	Luke Paper Company	  	08020310
	L190	  	Rebuck	  	Luke	  	Luke	  	303 Fairview St Pt Lot 282	  	Allegany	  	MD	  	 	0.052	  	  	Luke Paper Company	  	08020817
	L201	  	Rebuck	  	Luke	  	Luke	  	Luke W/S Peach Alleylley PT LT 707-708-709	  	Allegany	  	MD	  	 	0.055	  	  	Luke Paper Company	  	08022682
	L202	  	Rebuck	  	Luke	  	Luke	  	Pratt St Lots 29-30-31	  	Allegany	  	MD	  	 	0.172	  	  	Luke Paper Company	  	08023441
	L204	  	Rebuck	  	Luke	  	Luke	  	Portion of Potomac St	  	Allegany	  	MD	  	 	0.021	  	  	Luke Paper Company	  	08024251
	L205	  	Rebuck	  	Luke	  	Luke	  	Route 135	  	Allegany	  	MD	  	 	2.740	  	  	Luke Paper Company	  	31004977

																					
	L207	  	Rebuck	  	Luke	  	Luke	  	RR RT 335	  	Allegany	  	MD	  	 	0.187	  	  	Luke Paper Company	  	31006368
	L208	  	Rebuck	  	Luke	  	Luke	  	N/S Route 135 LTS S 7-8-9-10-11 Lamberts 1st	  	Allegany	  	MD	  	 	0.689	  	  	Luke Paper Company	  	31006376
	L209	  	Rebuck	  	Luke	  	Luke	  	23306 Westernport RDT Rd	  	Allegany	  	MD	  	 	0.430	  	  	Luke Paper Company	  	31006384
	L211	  	Rebuck	  	Luke	  	Luke	  	Lamberts 1st Addn Lots 3-4	  	Allegany	  	MD	  	 	0.587	  	  	Luke Paper Company	  	31007437
	L212	  	Rebuck	  	Luke	  	Luke	  	Lamberts 1st Addn ton to McCoole LT 12-13	  	Allegany	  	MD	  	 	0.275	  	  	Luke Paper Company	  	31007453
	L213	  	Rebuck	  	Luke	  	Luke	  	Route 135 Lot 2 Lamberts Addn	  	Allegany	  	MD	  	 	0.296	  	  	Luke Paper Company	  	31007461
	L214	  	Rebuck	  	Luke	  	Luke	  	N/S Route 135 Lots 14-15	  	Allegany	  	MD	  	 	0.275	  	  	Luke Paper Company	  	31007488
	L215	  	Rebuck	  	Luke	  	Luke	  	Westernport to McCoole Rd S/S Route 135	  	Allegany	  	MD	  	 	0.405	  	  	Luke Paper Company	  	31007976
	L217	  	Rebuck	  	Luke	  	Luke	  	S/S Rt 156 BET WesternPort & McCoole	  	Allegany	  	MD	  	 	1.258	  	  	Luke Paper Company	  	31008670
	WR7	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Fiber & Energy Mill)	  	950 Fourth Ave. N.; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	21.86	  	  	NewPage Wisconsin System Inc.	  	3401504
	WR8	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Transportation Center)	  	1300 Fifth Ave. N.; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	5.79	  	  	NewPage Wisconsin System Inc.	  	3401509
	WR9	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Support Services)	  	700 Dura Beauty Ln.; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	18.48	  	  	NewPage Wisconsin System Inc.	  	3401451
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	37.62	  	  	NewPage Wisconsin System Inc.	  	3400310
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	40.00	  	  	NewPage Wisconsin System Inc.	  	1700571

																					
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	8.76	  	  	NewPage Wisconsin System Inc.	  	1700572
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	57.86	  	  	NewPage Wisconsin System Inc.	  	1700575
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	47.42	  	  	NewPage Wisconsin System Inc.	  	1700576
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	10.00	  	  	NewPage Wisconsin System Inc.	  	1700577
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	5.08	  	  	NewPage Wisconsin System Inc.	  	1700578
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	12.00	  	  	NewPage Wisconsin System Inc.	  	3400305
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	40.00	  	  	NewPage Wisconsin System Inc.	  	3400306
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	40.00	  	  	NewPage Wisconsin System Inc.	  	3400307
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	40.00	  	  	NewPage Wisconsin System Inc.	  	3400308
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	40.00	  	  	NewPage Wisconsin System Inc.	  	3400309

																					
	WR12	 	Hayden-6090	 	WR	 	Wisconsin Rapids, Wisconsin (Water Quality Center)	 	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	 	Wisconsin
Rapids	 	WI	 	 	39.01	  	 	NewPage Wisconsin System Inc.	 	3400311
	WR12	 	Hayden-6090	 	WR	 	Wisconsin Rapids, Wisconsin (Water Quality Center)	 	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	 	Wisconsin
Rapids	 	WI	 	 	23.23	  	 	NewPage Wisconsin System Inc.	 	3400312
	R1	 	Lyons	 	Rumford	 	Rumford Mill and Associated Real Property	 	35 Hartford Street (Primary Site), Rumford, Oxford County, ME	 	Rumford	 	ME	 	 	98.2	  	 	Rumford Paper Company	 	114-001
	R9	 	Lyons	 	Rumford	 	Rumford Mill and Associated Real Property	 	Parking Area on River /River Road, Mexico, Oxford County, ME	 	Mexico	 	ME	 	 	0.11	  	 	Rumford Paper Company	 	Lot 7/Map 18. Paved parking area. Survey map 07/08/1985
	R11	 	Lyons	 	Rumford	 	Rumford Mill and Associated Real Property	 	Swift River Pumping Station, Rumford, Oxford County, ME	 	Rumford	 	ME	 	 	3.6	  	 	Rumford Paper Company	 	Met Tower lot. Portion of survey map 10/30/1992; 1st Am Title photo. Tax Map 113-330-TWR
	R13	 	Lyons	 	Rumford	 	Rumford Mill and Associated Real Property	 	Canal Parking Lot (Part of Primary Site) /Railroad Street, Rumford, Oxford County, ME	 	Rumford	 	ME	 	 	1.82	  	 	Rumford Paper Company	 	Contractor parking lot; Interconnect substation; discontinued town way. Survey maps. Tax Map 118-001-A
	R13	 	Lyons	 	Rumford	 	Rumford Mill and Associated Real Property	 	Canal Parking Lot (Part of Primary Site) /Railroad Street, Rumford, Oxford County, ME	 	Rumford	 	ME	 	 	3.47	  	 	Rumford Paper Company	 	Contractor parking lot; Interconnect substation; discontinued town way. Survey maps. Tax Map 118-001
	R14	 	Lyons	 	Rumford	 	Rumford Mill and Associated Real Property	 	Offsite Water Wells, Rumford, Oxford County, ME	 	Rumford	 	ME	 	 	0	  	 	Rumford Paper Company	 	Easement on Town of Rumford property; Portion of survey map 10/30/1992; 1st Am Title photo.

																					
	R17	 	Lyons	 	Rumford	 	Rumford Mill and Associated Real Property	 	4-Seasons Security Parcel/River Road, Mexico, Oxford County, ME	 	Mexico	 	ME	 	 	2.2	  	 	Rumford Paper Company	 	Book 1509/page 74. Part of access to Farrington Mountain Landfill Site. Survey map by Acme 06/04/1998.
	R18	 	Lyons	 	Rumford	 	Rumford Mill and Associated Real Property	 	Wyman Hill Road (East Hillside), Rumford, Oxford County, ME	 	Rumford	 	ME	 	 	17.4	  	 	Rumford Paper Company	 	Map/Lot: 138-001. Vacant lot previously used for storage/laydown; 1st Am Title photo
	R20	 	Lyons	 	Rumford	 	Rumford Landfills and Solid Waste Facilities	 	Farrington Mtn Landfill (Active), Mexico, Oxford County, ME	 	Mexico	 	ME	 	 	682	  	 	Rumford Paper Company	 	Active landfill; 1st Am Title photo. Tax records show 682 acres.
	R37	 	Lyons	 	Rumford	 	Rumford Falls Power Company	 	Dump Road, Rumford, Oxford County, ME	 	Rumford	 	ME	 	 	19.5	  	 	Rumford Paper Company	 	Parcel containing Mobile Garage, Long Log, Aspen woodyard and Trailer Pool, Tax Map 118-004
	R40	 	Lyons	 	Rumford	 	Rumford Paper Company	 	Rumford Avenue, Rumford, Oxford County, ME	 	Rumford	 	ME	 	 	4.89	  	 	Rumford Paper Company	 	Rumford footbridge parking lot. Tax Map 113-332
	R43	 	Lyons	 	Rumford	 	Rumford Paper Company	 	County Road, Rumford, Oxford County, ME	 	Rumford	 	ME	 	 	0.7	  	 	Rumford Paper Company	 	Lower gate parking lot. Tax Map 114-001-001
	R44	 	Lyons	 	Rumford	 	Rumford Paper Company	 	Congress Street, Rumford, Oxford County, ME	 	Rumford	 	ME	 	 	0.5	  	 	Rumford Paper Company	 	Parking lot behind Legion Hall. Tax Map 117-298
	R49	 	Lyons	 	Rumford	 	Rumford Paper Company	 	Farrington Mth Access Rpad, Mexico, Oxford County, ME	 	Mexico	 	ME	 	 	0.08	  	 	Rumford Paper Company	 	Farrington Mth Access RD lot abutting 4 Seasons lot. Map 12 Lot 35C

 Notwithstanding the foregoing, the following properties are not included in Schedule 3.1(g) 

Escanaba, MI Mill 
 Any parcel,
the fee estate of which is owned by American Transmission Company. 
 The property described as: 

Parcel A 
 That part of Government Lot 8, Section 1, Township 39 North, Range 23 West, Wells Township, Delta County, Michigan lying east of the right of way of the Escanaba & Lake Superior Railroad.

 AND ALSO 
 Those parts of Government Lots 6 and 7, Section 1, Township 39 North, Range 23 West, Wells Township, Delta County, Michigan lying east of the right of way of the Escanaba & Lake Superior
Railroad and north of the right of way of the Escanaba & Lake Superior Railroad. 
 Easement contains approximately
28.99 GIS acres of land, more or less. 
 Parcel B 

All that part of the Grantor’s property described in Liber 271, Page 565, Delta County Records being a part of Government Lot 3,
Section 6 and part of Government Lot 1, Section 7, Township 39 North, Range 22 West, Wells Township, Delta County, Michigan, more particularly described as follows. 
 The part of the Grantor’s property lying southerly of the southeasterly right of way line of the Minneapolis St. Paul & Sault Ste. Marie Railroad and lying westerly of Mead Access Road and
westerly of the proposed Project Boundary line of the Escanaba Hydroelectric Project Dam No. 1 Facility. 
 Said easement
contains all that land lying westerly of the intermediate traverse line described in Liber 271, Page 565 and the current easterly bank of the Escanaba River, also including all that part of Government Lot 1, Section 1, Township 39 North, Range
23 West; and that part of Government Lot 3, Section 6 and that part of Government Lot 1, Section 7, Township 39 North Range 22 West, according to the original Government Land Office Surveys dated June 24, 1847 (T39N, R23W) and
March 3, 1847 (T39N, R22W), now currently flowed. 
 Easement contains approximately 5.33 GIS acres of land, more or less.

 The property described as: 
 Parcel C 
 A PART OF GOVERNMENT LOT 5, SECTION 25, TOWNSHIP 40 NORTH,
RANGE 23 WEST, ESCANABA TOWNSHIP, DELTA COUNTY, MICHIGAN, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: 

COMMENCING AT THE WEST QUARTER CORNER OF SAID SECTION 25; THENCE SOUTH 00o18’52” WEST ALONG THE WEST LINE OF SECTION 25, 208.84 FEET;
THENCE SOUTH 89o31’34” EAST, 2402.23 FEET TO THE
SOUTHERLY BOUNDARY OF UPPCO DAM NUMBER THREE PARCEL “B” (LIBER 409 PAGE 42 OF DELTA COUNTY REGISTER OF DEEDS) AND THE POINT OF THE BEGINNING; THENCE SOUTH 19o10’01” WEST, 875.25 FEET, THENCE SOUTH 45o22’31” WEST, 91.54 FEET; THENCE SOUTH 49o46’56” EAST, 132.50 FEET TO THE NORTH LINE OF A 50 FOOT WIDE GAS TRANSMISSION LINE EASEMENT (LIBER 217 PAGE 63
OF DELTA COUNTY REGISTER OF DEEDS); THENCE ALONG SAID EASEMENT NORTH 80o42’50” WEST, 227.23 FEET TO A POINT ON AN INTERMEDIATE TRAVERSE LINE ALONG THE WATERS EDGE OF THE ESCANABA RIVER; SAID POINT IS SOUTH 80o42’50” EAST, 48 FEET MORE OR LESS FROM SAID WATERS EDGE; THENCE ALONG SAID WATERS EDGE ALONG AN INTERMEDIATE
TRAVERSE LINE NORTH 12o43’39” EAST, 831.72 FEET
TO THE SOUTHERLY BOUNDARY OF UPPCO DAM NUMBER THREE PARCEL “B” (LIBER 409 PAGE 42 OF DELTA COUNTY REGISTER OF DEEDS); SAID POINT IS SOUTH 76o55’58” EAST, 72 FEET MORE OR LESS FROM THE WATERS EDGE OF THE ESCANABA RIVER; THENCE ALONG SAID SOURTHERLY
BOUNDARY SOUTH 76o55’58” EAST, 29.07 FEET;
THENCE ALONG SAID SOUTHERLY BOUNDARY NORTH
62o53’00” EAST, 296.64 FEET TO THE POINT OF
BEGINNING. 
 CONTAINING 4.03 ACRES, MORE OR LESS TO THE INTERMEDIATE TRAVERSE LINE. 

CONTAINING 4.93 ACRES, MORE OR LESS TO THE EAST WATERS EDGE OF THE ESCANABA RIVER. 

PARCEL INCLUDES ALL LAND LYING BETWEEN INTERMEDIATE TRAVERSE LINE AND THE WATERS EDGE OF THE ESCANABA RIVER. 

Parcel D 
 A PART OF GOVERNMENT LOTS 4 AND 5, AND PART OF THE NORTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 25, TOWNSHIP 40 NORTH RANGE 23 WEST, ESCANABA TOWNSHIP, DELTA COUNTY, MICHIGAN, BEING MORE
PARTICULARLY DESCRIBED AS FOLLOWS: 

 COMMENCING AT THE WEST QUARTER CONER OF SAID SECTION 25; THENCE SOUTH
00o18’52” WEST ALONG THE WEST LINE OF SECTION
25, 208.84 FEET; THENCE SOUTH 89o31’34” EAST,
2402.23 FEET TO THE SOUTHERLY BOUNDARY OF UPPCO DAM NUMBER THREE PARCEL “B” (LIBER 409 PAGE 42 OF DELTA COUNTY REGISTER OF DEEDS) AND THE POINT OF BEGINNING; THENCE ALONG SAID SOUTHERLY BOUNDARY NORTH 62o53’00” EAST, 572.80 FEET; THENCE ALONG SAID SOUTHERLY
BOUNDARY NORTH 47o47’08” EAST, 115.17 FEET TO
THE WESTERLY EDGE OF A 66.00 FOOT WIDE ACCESS ROAD EASEMENT (LIBER 409 PAGE 43 OF DELTA COUNTY REGISTER OF DEEDS); THENCE SOUTH 88o31’39” EAST, 66.00 FEET TO THE EASTERLY EDGE OF SAID EASEMENT; THENCE SOUTH 19o46’00” EAST, 280.87 FEET; THENCE SOUTH 84o31’36” WEST, 759.57 FEET TO THE POINT OF BEGINNING.

 CONTAINING 2.44 ACRES, MORE OR LESS. 
 Parcel E 
 A PART OF GOVERNMENT LOTS 1 AND 4, SECTION 25, TOWNSHIP 40
NORTH, RANGE 23 WEST, ESCANABA TOWNSHIP, DELTA COUNTY, MICHIGAN, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: 
 COMMENCING AT THE NORTH QUARTER CORNER OF SAID SECTION 25; THENCE NORTH
89o53’30” EAST ALONG THE NORTH LINE OF SAID
SECTION 25 A DISTANCE OF 328.43 FEET TO THE EASTERLY HISTORIC RIVER BANK OF THE ESCANABA RIVER AND THE POINT OF BEGINNING; THENCE CONTINUING ALONG SAID NORTH LINE, NORTH 89o53’30” EAST 197.21 FEET; THENCE SOUTH 18o42’21” WEST, 285.86 FEET; THENCE SOUTH 58o03’31” EAST 138.87 FEET TO THE WESTERLY EDGE OF A 66.00 FOOT WIDE ACCESS ROAD EASEMENT (LIBER 409 PAGE 43 OF
DELTA COUNTY REGISTER OF DEEDS); THENCE ALONG SAID EASEMENT 172.85 FEET ALONG A CURVE WITH ITS CENTER TO THE SOUTHEAST AND HAVING A RADIUS OF 633.00 FEET, A CHORD OF 172.32 FEET AND A CHORD BEARING OF SOUTH 19o34’28” WEST; THENCE ALONG SAID EASEMENT SOUTH 11o45’05” WEST 25.19 FEET; THENCE ALONG SAID EASEMENT 114.16
FEET ALONG A CURVE WITH ITS CENTER TO THE NORTHWEST AND HAVING A RADIUS OF 367.00 FEET A CHORD OF 113.70 FEET AND A CHORD BEARING OF SOUTH 20o39’46” WEST; THENCE ALONG SAID EASEMENT SOUTH 29o34’27” WEST, 299.58 FEET; THENCE ALONG SAID EASEMENT 219.58 FEET ALONG A CURVE WITH ITS CENTER TO THE
SOUTHEAST AND HAVING A RADIUS OF 433.00 FEET, A CHORD OF 217.24 FEET AND A CHORD BEARING OF SOUTH 15o02’47” WEST; THENCE ALONG SAID EASEMENT SOUTH 00o31’07” WEST, 71.23 FEET; THENCE ALONG SAID EASEMENT 71.47 FEET ALONG A CURVE WITH ITS CENTER TO THE WEST HAVING A RADIUS OF 467.00 FEET, A CHORD OF 71.41 FEET AND A CHORD BEARING OF SOUTH
4o54’12” WEST; THENCE ALONG SAID EASEMENT SOUTH
9o17’16” WEST, 81.84 FEET TO THE NORTHERLY
BOUNDARY OF UPPCO DAM NUMBER THREE PARCEL “B” (LIBER 409 PAGE 42 OF DELTA COUNTY REGISTER OF DEEDS); THENCE SOUTH 88o14’29” WEST, 439.43 FEET TO THE EASTERLY HISTORIC RIVER 

 BANK OF THE ESCANABA RIVER; THENCE ALONG SAID HISTORIC RIVER BANK THE
NEXT 5 CALLS; THENCE NORTH 15o43’46” EAST,
244.15 FEET; THENCE NORTH 36o35’20” EAST, 543.68
FEET; THENCE NORTH 14o47’34” EAST, 245.06 FEET;
THENCE NORTH 4o45’18” EAST 262.86 FEET; THENCE
NORTH 21o29’25” EAST, 186.77 FEET TO THE POINT
OF BEGINNING. 
 CONTAINING 8.95 ACRES, MORE OR LESS 
 Parcel F 
 GOVERNMENT LOT 2, SECTION 25, TOWNSHIP 40 NORTH, RANGE 23
WEST, ESCANABA TOWNSHIP, DELTA COUNTY, MICHIGAN, EXCEPT THE RIGHT OF WAY OF THE ESCANABA & LAKE SUPERIOR RAILROAD, AND EXCEPT THE NORTH 900 FEET LYING EAST OF SAID RIGHT OF WAY AND WEST OF THE FLOOD WATERS OF THE ESCANABA RIVER. SAID
EXCEPTION IS DESCRIBED AS FOLLOWS: 
 BEGINNING 68 FEET EAST OF THE NORTHWEST CORNER OF SAID GOVERNMENT LOT 2; THENCE SOUTHERLY
ALONG THE EAST BOUNDARY OF SAID RIGHT OF WAY, 900 FEET; THENCE EASTERLY PARALLEL TO THE NORTH LINE OF GOVERNEMENT LOT 2, 540 FEET TO THE FLOOD WATERS OF THE ESCANABA RIVER; THENCE NORTHEASTERLY ALONG THE FLOOD WATERS OF THE ESCANABA RIVER TO THE
NORTH LINE OF GOVERNMENT LOT 2; THENCE WESTERLY ALONG SAID NORTH LINE, 865 FEET TO THE POINT OF BEGINNING. 
 AND ALSO

 PART OF GOVERNMENT LOT 3, SECTION 25, TOWNSHIP 40 NORTH, RANGE 23 WEST, ESCANABA TOWNSHIP, DELTA COUNTY, MICHIGAN LYING
NORTHERLY OF A LINE DESCRIBED AS FOLLOWS. 
 COMMENCING AT THE NORTHWEST CORNER OF SAID SECTION 25, TOWNSHIP
40 NORTH, RANGE 23 WEST; THENCE S00o55’33” W,
2644.54 FEET ALONG THE WEST LINE OF THE NW
 1/4 OF SAID SECTION 25 TO THE WEST  1/4 CORNER OF SAID SECTION 25; THENCE S88o45’00“E, 1297.81 FEET ALONG THE EAST-WEST  1/4 LINE OF SAID SECTION 25; THENCE N13o00’00“E, 306.21 FEET ALONG THE WEST LINE OF LAND DESCRIBED IN LIBER 409, PAGE 36 (L 409 P 36), DELTA COUNTY REGISTRY; THENCE N48o48’00“W, 155.96 FEET ALONG SAID WEST LINE TO THE EASTERLY RIGHT OF WAY OF THE ESCANABA AND LAKE SUPERIOR
RAILROAD; THENCE ALONG SAID RIGHT OF WAY 903.15 FEET ALONG THE ARC OF A 3837.22 FOOT CURVE TO THE LEFT, HAVING A LONG CHORD WHICH BEARS N11o55’34” E, 901.06 FEET (RAILROAD DEFINITION) TO A POINT THAT IS N89o03’05” E, 34.27 FEET FROM F.E.R.C. CONCRETE MONUMENT
“R-1”, THE POINT OF BEGINNING OF HEREIN DESCRIBED LINE; THENCE N89o03’05” E, 1425.91 FEET ALONG THE NORTH LINE OF L 409, P 36 TO F.E.R.C. CONCRETE MONUMENT “R-2”; THENCE N89o03’05” E, 47.95 
 FEET ALONG THE NORTH LINE OF L 409, P 36 TO THE NORTHEAST CORNER OF L 409, P 36, THE POINT OF ENDING OF HEREIN DESCRIBED LINE. 
 CONTAINING 18.02 GIS ACRES, MORE OR LESS. 

 Rumford, ME Mill 
 The property described as: 
 A certain parcel of land situated in
the Town of Rumford, County of Oxford, State of Maine lying northwesterly of but not abutting a northwest sideline of State Route 108 and abutting on the northwest a Middle Canal parcel of Rumford Falls Hydro, LLC, more particularly described as
follows: 
 Beginning at a point on the northwest sideline of the discontinued portion of Railroad Street, now of
Rumford Paper Company – refer to deed recorded in Book 4224, Page 68 and Plan #4235 of the Oxford County East Registry of Deeds, said starting point being on the southeast line of a Middle Canal parcel conveyed to Rumford Falls Hydro, LLC by
deed recorded in Book 3950, Page 35 (pg. 4) of the Registry and said starting point also being located 451.48 feet at N 31° 09’ 00” E along said northwest sideline of Railroad Street from the north corner of the hammerhead turn-around
easement conveyed to the Town of Rumford by deed recorded in Book 4224, Page 110 of the Registry, thence; 
 N
31° 09’ 00” E for 168.24 feet along said northwest sideline of Railroad Street to a point thereon, thence; 
 S 74° 47’ 02” E for 95.47 feet through land of Rumford Paper Company, passing 1.0 feet southerly of a 218 Transmission Line pole, to a point, thence; 

S 15° 26’ 06” E for 14.82 feet through land of Rumford Paper Company to a (1/2) inch rebar, capped and
marked “PLS 1254”, thence; 
 S 15° 26’ 06” E for 111.54 feet through land of Rumford
Paper Company to a point on the northwest line of land conveyed to Rumford Falls Hydro, LLC by deed recorded in Book 3950, Page 35 (pg. 39) of the Registry, thence; 

Southwesterly for 360.01 feet along line of said Rumford Falls Hydro, LLC land which is a curve to the left with a radius
of 676.19 feet to a point of tangency, thence; 
 S 31° 09’ 00” W for 40.52 feet along the
northwest line of said Rumford Falls Hydro, LLC land to a point thereon, thence; 
 N 60° 08’ 18” W
for 60.11 feet through land of Rumford Paper Company to a drill hole within the limits of said Railroad Street, thence; 
 N 31° 25’ 10” E for 277.82 feet through said Railroad Street to a point therein, thence; 

 N 59° 25’ 19” W for 31.21 feet through said Railroad Street to
the point of beginning. 
 Bearings are referenced to True North. 

Being a parcel of 1.09 acres which is part of land of Rumford Paper Company – refer to Book 3723, Page 307, Book
3257, Page 60, Book 2383, Page 79 and Book 2383, Page 50 of the Registry. 
 The property described as the portion of the discontinued road being
more particularly described as follows: 
 Beginning at an unmonumented point which is the intersection of the
west sideline of Veterans Street with the south sideline of the former Railroad Street now discontinued and is an east corner of land conveyed by said Book 2383, Page 79; 

Thence, N 65 degrees 04 minutes 43 seconds W for 303.76 feet along the south line of the former Railroad Street to an
angle point; 
 Thence, N 68 degrees 11 minutes 52 seconds W for 638.94 feet along the south line of the former
Railroad Street to a corner; 
 Thence, S 31 degrees 09 minutes 00 seconds W for 214.43 feet along the east
sideline of former Railroad Street to a corner on the north line of the Sub-Station Parcel as shown on “Survey Plan of Rumford Falls Hydro, LLC Sub-Station for Rumford Paper Company” by Acme Land Surveying, LLC, dated June 17, 2011,
with a revised date of July 1, 2011, and recorded in said Registry of Deeds in Plan Book         , Page         ; 

Thence, N 74 degrees 47 minutes 02 seconds W for 41.60 feet along the north line of said Sub-Station parcel to a point on
the west sideline of former Railroad Street which is the north corner of said Sub-Station Parcel; 
 Thence, N 31
degrees 09 minutes 00 seconds E for 259.80 feet along the west sideline of former Railroad Street to a corner therein; 
 Thence S 68 degrees 11 minutes 52 seconds E for 673.07 feet along the former northerly line of Railroad Street to an angle point; 

Thence S 73 degrees 12 minutes 54 seconds E for 325.98 feet along the former northerly line of Railroad Street to a corner
at the west sideline of Veterans Street; 
 Thence S 36 degrees 03 minutes 27 seconds W for 87.74 feet along the
west sideline of Veterans Street to the point of beginning. 

 Wickliffe, KY Mill 
 The property described as: 
 Tract 1: 

A parcel of land of variable width along an existing forcemain located on an existing pipe rack and a proposed underground forcemain on
the west side of the Canadian National Railroad, south of Wickliffe, Ballard County, Kentucky, and being more particularly described as follows: 
 Beginning at a point where the southern portion of the herein described permanent easement intersects the western right of way line of the existing Canadian National Railroad, said point being
approximately 1,290 feet north of railroad milepost 372 and approximately 65 feet south of an existing pipe rack; 
 thence,
generally paralleling an existing pipe rack, South 64°47’29” West a distance of 522.65 feet to a point; 
 thence,
continuing generally parallel to said pipe rack, North 59°50’36” West a distance of 1078.51 feet to a point; 

thence, continuing generally parallel to said pipe rack, North 89°46’10” West a distance of 1086.32 feet to a point where
the proposed forcemain leaves the existing pipe rack and goes underground; 
 thence, North 0°13’50” East, a
distance of 4.67 feet to a point; 
 thence, generally paralleling a proposed underground forcemain, North
89°36’38” West, a distance of 521.95 feet to a point; 
 thence, continuing generally paralleling said proposed
underground forcemain, North 89°36’38” West, a distance of 521.95 feet to a point; 
 thence, North
0°23’22” East, a distance of 11.68 feet to a point; 
 thence, North 89°50’57” West, a distance of
317.30 feet to a point; 
 thence, North 1°50’13” West, a distance of 53.67 feet to a point; 

thence, generally paralleling a proposed underground forcemain, North 89°56’30” West, a distance of 798.90 feet to a point;

 thence, South 0°57’35” East, a distance of 5.00 feet to a point; 

 

 thence, generally paralleling a proposed underground forcemain, South
89°03’37” West, a distance of 436.80 feet to a point; 
 thence, continuing generally paralleling said proposed
underground forcemain, South 48°44’03“West, a distance of 92.48 feet to a point; 
 thence, continuing generally
paralleling said proposed underground forcemain, North 84°11’02” West, a distance of 434.07 feet to a point on the existing west right of way line of U.S. 51; 
 thence, with the west right of way line of U.S. 51, North 6°17’19” East, a distance of 40.00 feet to a point on the said right of way line; 

thence, leaving the west right of way line of U.S. 51 and generally paralleling a proposed underground forcemain, South
84°11’02” East a distance of 401.37 feet to a point; 
 thence, North 5°48’49” East, a distance of
61.74 feet to a point; 
 thence, generally paralleling a proposed underground forcemain, North 89°03’37” East, a
distance of 527.47 feet to a point; 
 thence, South 0°57’35” East, a distance of 10.01 feet to a point;

 thence, generally paralleling a proposed underground forcemain, South 89°56’30” East, a distance of 878.24 feet
to a point; 
 thence, continuing generally parallel to a said proposed underground forcemain, South 43°49’09”
East, a distance of 75.93 feet to a point; 
 thence, continuing generally paralleling said proposed underground forcemain, South
89°36’38” East, a distance of 676.39 feet to a point; 
 thence, North 0°13’50” East, a distance of
15.24 feet to a point; 
 thence, generally paralleling a proposed underground forcemain, South 89°46’10” East, a
distance of 32.71 feet to a point where the proposed underground forcemain comes out of the ground and onto an existing pipe rack; 
 thence, continuing generally parallel to the said existing pipe rack, South 89°46’10” East, a distance of 1102.90 feet to a point; 

thence, continuing generally parallel to the said existing pipe rack, South 59°50’36” East, a distance of 1014.45 feet to a
point; 
  

 thence, continuing generally parallel to the said existing pipe rack, North
64°47’29” East, a distance of 519.33 feet to a point on the western right of way line of the existing Canadian National Railroad; 
 thence, with the western right of way line of the existing Canadian National Railroad, South 24°54’09” East, a distance of 100.00 feet back to the point of beginning. 

The above described parcel of land contains 6.53 acres more or less (284,609 sq.ft.). 

Tract 2: 
 A
parcel of land of variable width located along a proposed underground forcemain on the west side of US 51, south of Wickliffe, Ballard County, Kentucky, and being more particularly described as follows: 

Beginning at a point where the southern portion of the herein described permanent easement intersects the county right of way line of U.S.
51 as recorded in Cabinet 1, Drawer 3, Card 3488 in the Ballard County Clerk’s office, said point being approximately 46 feet west of a proposed underground forcemain at construction station 44+00.21; 

thence, generally paralleling a proposed underground forcemain, North 23°55’26” West, a distance of 14.57 feet to a point;

 thence, continuing generally parallel to the said underground forcemain, North 69°53’04” West, a distance of
886.35 feet to a point; 
 thence, continuing generally parallel to the said underground forcemain along an arc to the left a
distance of 227.49 feet to a point, said arc having a radius of 586.18 feet and being subtended by a chord bearing North 60°04’33” West a distance of 226.07 feet; 
 thence, continuing generally parallel to the said underground forcemain, North 46°15’07” West, a distance of 244.43 feet to a point; 

thence, continuing generally parallel to the said underground forcemain along an arc to the left a distance of 229.99 feet to a point,
said arc having a radius of 842.48 feet and being subtended by a chord bearing North 38°11’08” West a distance of 229.28 feet; 
 thence, continuing generally parallel to the said underground forcemain, North 30°21’54” West, a distance of 181.53 feet to a point; 

 

 thence, continuing generally parallel to the said underground forcemain, South
89°55’15” West, a distance of 511.56 feet to a point in the Mississippi river; 
 thence, North
0°04’49” West, a distance of 75 feet to a point in the Mississippi river; 
 thence, generally paralleling a
proposed underground forcemain, North 89°55’15” East, a distance of 554.62 feet to a point; 
 thence, generally
paralleling a proposed underground forcemain, South 30°21’54” East, a distance of 224.59 feet to a point; 

thence, continuing generally parallel to the said underground forcemain along an arc to the right a distance of 209.36 feet to a point,
said arc having a radius of 767.48 feet and being subtended by a chord bearing South 38°10’47” East a distance of 208.71 feet; 
 thence, generally paralleling a proposed underground forcemain, South 46°15’07” East, a distance of 244.26 feet to a point; 

thence, continuing generally parallel to the said underground forcemain along an arc to the right a distance of 194.86 feet to a point,
said arc having a radius of 515.35 feet and being subtended by a chord bearing South 60°18’11” East a distance of 193.70 feet; 
 thence, generally paralleling a proposed underground forcemain, South 69°53’04” East, a distance of 975.51 feet to a point; 

thence, generally paralleling a proposed underground forcemain, South 23°55’26” East, a distance of 73.11 feet to a point
where the southern portion of the herein described permanent easement intersects the county right of way line of U.S. 51 as recorded in Cabinet 1, Drawer 3, Card 3488 in the Ballard County Clerk’s office; 

thence, with the said county right of way line of U.S. 51, North 84°16’58” West, a distance of 132.31 feet back to the point
of beginning. 
 The above described parcel of land contains 4.15 acres more or less (180,694 sq.ft.). 

Tract 3: 
 A
triangular parcel of land located along a proposed underground forcemain on the west side of US 51, south of Wickliffe, Ballard County, Kentucky, and being more particularly described as follows: 

 

 Beginning at a point where the northern portion of the herein described permanent easement
intersects the county right of way line of U.S. 51 as recorded in Cabinet 1, Drawer 3, Card 3488 in the Ballard County Clerk’s office, said point being approximately 15 feet southwest of a proposed underground forcemain at construction station
42+92.33; 
 thence, South 13°21’39” West, a distance of 41.77 feet to a point; 

thence, North 23°55’43” West, a distance of 47.86 feet to a point; 

thence, South 83°53’21” East, a distance of 29.23 feet back to the point of beginning. 

The above described parcel of land contains 0.01 acres more or less (605 sq.ft.). 

The property described as: 

Tract 1: 
 A
parcel of land located along a proposed underground forcemain on the west side of US 51, south of Wickliffe, Ballard County, Kentucky, and being more particularly described as follows: 

Beginning at a point where the southern portion of the herein described temporary easement intersects the county right of way line of U.S.
51 as recorded in Cabinet 1, Drawer 3, Card 3488 in the Ballard County Clerk’s office, said point being approximately 40 feet southwest of a proposed underground forcemain at construction station 42+61.82; 

thence, leaving the county right of way line of U.S. 51, North 71°58’11” West, a distance of 147.78 feet to a point;

 thence, North 5°22’45” East, a distance of 10.91 feet to a corner of the county right of way line of U.S. 51;

 thence, along the county right of way line of U.S. 51, South 83°53’21” East, a distance of 120.77 feet to a
point on the county right of way line of U.S. 51; 
 thence, leaving the county right of way line of U.S. 51, South
23°55’43” East, a distance of 47.86 feet back to the point of beginning. 
 The above described parcel of land
contains 0.08 acres more or less (3,289 sq.ft.). 

 Tract 2: 
 A parcel of land located along a proposed underground forcemain on the west side of US 51, south of Wickliffe, Ballard County, Kentucky, and being more particularly described as follows: 

Beginning at a point where the northern portion of the herein described temporary easement intersects the permanent forcemain easement,
said point being approximately 45 feet southwest of a proposed underground forcemain at construction station 56+44.35; 
 thence,
leaving the permanent easement line, South 46°16’07” West, a distance of 35.03 feet to a point; 
 thence, North
46°15’07” West, a distance of 167.22 feet to a point; 
 thence, along an arc to the right a distance of 239.62
feet to a point, said arc having a radius of 877.48 feet and being subtended by a chord bearing North 38°11’17” West a distance of 238.88 feet; 
 thence, North 30°21’54” West, a distance of 44.33 feet to a point; 

thence, North 79°40’38” West, a distance of 310.87 feet to a point; 

thence, South 89°55’15” West, a distance of 244.77 feet to a point in the Mississippi River; 

thence, upstream with the Mississippi River, North 0°04’49” West, a distance of 80.00 feet to a point in the Mississippi
River; 
 thence, North 89°55’15” East, a distance of 511.56 feet to a point; 

thence, South 30°21’54” East, a distance of 181.53 feet to a point; 

thence, along an arc to the left a distance of 229.99 feet to a point, said arc having a radius of 842.48 feet and being subtended by a
chord bearing South 38°11’08” East a distance of 229.28 feet; 
 thence, South 46°15’07” East, a
distance of 168.68 feet back to the point of beginning. 
 The above described parcel of land contains 1.57 acres more or less
(68,023 sq.ft.). 
  

 SCHEDULE 4.01 
 JURISDICTIONS OF ORGANIZATION 
  

	A.	Name and type of entity and jurisdiction of organization 

  

					
	 Name of Entity
	 	 Type of Entity
	 	Jurisdiction of
Organization
	 NewPage Investment Company LLC
	 	Limited Liability Company	 	Delaware
	 NewPage Corporation
	 	Corporation	 	Delaware
	 Chillicothe Paper Inc.
	 	Corporation	 	Delaware
	 Escanaba Paper Company
	 	Corporation	 	Michigan
	 Luke Paper Company
	 	Corporation	 	Delaware
	 Rumford Paper Company
	 	Corporation	 	Delaware
	 Wickliffe Paper Company LLC
	 	Limited Liability Company	 	Delaware
	 NewPage Energy Services LLC
	 	Limited Liability Company	 	Delaware
	 Upland Resources, Inc
	 	Corporation	 	West Virginia
	 NewPage Consolidated Papers Inc.
	 	Corporation	 	Delaware
	 NewPage Wisconsin System Inc.
	 	Corporation	 	Wisconsin
	 Rumford GIPOP Inc. 1
	 	Corporation	 	Delaware
	 Escanaba Wood Supply Inc. 2
	 	Corporation	 	Delaware
	 NewPage Port Hawkesbury Holding LLC 3
	 	Limited Liability Company	 	Delaware
	 NewPage Canadian Sales LLC 4
	 	Limited Liability Company	 	Delaware

  

	B.	Organizational and capital structure post-emergence 

 As set forth on Schedule 4.02.C. 
  

	1	 Pursuant to Section 6.07(a)(i), to be merged with and into Rumford Paper Company following the Closing Date. 

	2	 Pursuant to Section 6.07(a)(i), to be merged with and into Escanaba Paper Company following the Closing Date. 

	3	 Pursuant to the Reorganization Plan, to be merged into NewPage Consolidated Papers Inc. on the Closing Date. 

	4	 Pursuant to the Reorganization Plan, to be merged into NewPage Wisconsin System Inc. on the Closing Date. 

 SCHEDULE 4.02 

EQUITY INTERESTS AND OWNERSHIP 
  

	A.	Existing Options, Warrants, Call Rights, Etc. (after giving effect to the consummation of the transactions contemplated by the Credit Agreement and the Related
Agreements to occur on the Effective Date): 

 None. 

 

	B.	Ownership Interests (before giving effect to the consummation of the transactions contemplated by the Credit Agreement and the Related Agreements to occur on the
Effective Date) 

  

																	
	 ISSUER
	  	OWNER /
HOLDER	  	TYPE OF
INTEREST	  	CERT.
NO(S).	 	  	NUMBER OF
SHARES/
INTERESTS	 	  	PERCENTAGE
OF ALL 
ISSUED
CAPITAL OR
OTHER EQUITY
INTERESTS
OF
ISSUER	 
	 NewPage Corporation
	  	NewPage Holding Corporation	  	Common Stock	  	 	1	  	  	 	100	  	  	 	100	  
	 Chillicothe Paper Inc.
	  	NewPage Corporation	  	Common Stock	  	 	1	  	  	 	100	  	  	 	100	  
	 Escanaba Paper Company
	  	NewPage Corporation	  	Common Stock	  	 	4	  	  	 	100	  	  	 	100	  
	 Escanaba Wood Supply Inc.
	  	Escanaba Paper Company	  	Common Stock	  	 	1	  	  	 	100	  	  	 	100	  
	 Luke Paper Company
	  	NewPage Corporation	  	Common Stock	  	 	3	  	  	 	100	  	  	 	100	  
	 Rumford Paper Company
	  	NewPage Corporation	  	Common Stock	  	 	4	  	  	 	200	  	  	 	100	  
	 Rumford GIPOP Inc
	  	NewPage Corporation	  	Common Stock	  	 	1	  	  	 	100	  	  	 	100	  
	 NewPage Energy Services LLC
	  	NewPage Corporation	  	Membership Interest	  	 	N/A	  	  	 	N/A	  	  	 	N/A	  

  
 4.2-2

																	
	 ISSUER
	 	OWNER /
HOLDER	 	TYPE OF
INTEREST	 	CERT.
NO(S).	 	 	NUMBER OF
SHARES/
INTERESTS	 	 	PERCENTAGE
OF ALL 
ISSUED
CAPITAL OR
OTHER EQUITY
INTERESTS
OF
ISSUER	 
	 Upland Resources, Inc
	 	NewPage Corporation	 	Common Stock	 	 	11	  	 	 	1,000,000	  	 	 	100	  
	 Wickliffe Paper Company LLC
	 	NewPage Corporation	 	Membership Interest	 	 	1	  	 	 	N/A	  	 	 	100	  
	 NewPage Consolidated Papers Inc.
	 	NewPage Corporation	 	Common Stock	 	 	7	  	 	 	2259	  	 	 	100	  
	 NewPage Wisconsin System Inc.
	 	NewPage Consolidated
Papers Inc.	 	Common Stock	 	 	4	  	 	 	200	  	 	 	100	  
	 NewPage Canadian Sales LLC
	 	NewPage Wisconsin
System Inc.	 	Common Stock  
 Class A Common
Shares Series 1
	 	   

 
	3  
 3
	    
   
	 	   

 
	100  
 1,060,000
	    
   
	 	 	100	  
	 NewPage Port Hawkesbury Holding LLC
	 	NewPage Consolidated
Papers Inc.	 	Common Stock	 	 	2	  	 	 	100	  	 	 	100	  

  

  
 4.2-2

	C.	 Ownership Interests (after giving effect to the consummation of the transactions contemplated by the Credit Agreement and the Related Agreements to
occur on the Effective Date)5 

  

																	
	 ISSUER
	 	OWNER /
HOLDER	 	TYPE OF
INTEREST	 	CERT.
NO(S).	 	 	NUMBER OF
SHARES/
INTERESTS	 	 	PERCENTAGE
OF ALL 
ISSUED
CAPITAL OR
OTHER EQUITY
INTERESTS
OF
ISSUER	 
	 NewPage Corporation
	 	NewPage Investment
Company LLC	 	Common Stock	 	 	2	  	 	 	100	  	 	 	100	  
	 Chillicothe Paper Inc.
	 	NewPage Corporation	 	Common Stock	 	 	2	  	 	 	100	  	 	 	100	  
	 Escanaba Paper Company
	 	NewPage Corporation	 	Common Stock	 	 	5	  	 	 	100	  	 	 	100	  
	 Escanaba Wood Supply Inc.
	 	Escanaba Paper Company	 	Common Stock	 	 	2	  	 	 	100	  	 	 	100	  
	 Luke Paper Company
	 	NewPage Corporation	 	Common Stock	 	 	4	  	 	 	100	  	 	 	100	  
	 Rumford Paper Company
	 	NewPage Corporation	 	Common Stock	 	 	5	  	 	 	200	  	 	 	100	  
	 Rumford GIPOP Inc
	 	NewPage Corporation	 	Common Stock	 	 	2	  	 	 	100	  	 	 	100	  
	 NewPage Energy Services LLC
	 	NewPage Corporation	 	Membership Interest	 	 	1	  	 	 	N/A	  	 	 	100	  
	 Upland Resources, Inc
	 	NewPage Corporation	 	Common Stock	 	 	12	  	 	 	1,000,000	  	 	 	100	  
	 Wickliffe Paper Company LLC
	 	NewPage Corporation	 	Membership Interest	 	 	2	  	 	 	N/A	  	 	 	100	  

  

	5 	 After giving effect to the mergers pursuant to the Reorganization Plan on the Closing Date. 

  
 4.2-3

																	
	 ISSUER
	 	OWNER /
HOLDER	 	TYPE OF
INTEREST	 	CERT.
NO(S).	 	 	NUMBER OF
SHARES/
INTERESTS	 	 	PERCENTAGE
OF ALL 
ISSUED
CAPITAL OR
OTHER EQUITY
INTERESTS
OF
ISSUER	 
	 NewPage Consolidated Papers Inc.
	 	NewPage Corporation	 	Common Stock	 	 	8	  	 	 	2259	  	 	 	100	  
	 NewPage Wisconsin System Inc.
	 	NewPage Consolidated Papers
Inc.	 	Common Stock	 	 	5	  	 	 	200	  	 	 	100	  

  

  
 4.2-4

 SCHEDULE 4.07 
 HISTORICAL FINANCIAL STATEMENTS 
 The Historical Financial Statements referred to in clause
(ii) of the definition thereof (the “Interim Historical Financial Statements”) were prepared in conformity with GAAP, subject to the following exceptions: 

 

	1.	In accordance with the Existing Credit Agreement, NewPage Port Hawkesbury Corp., a corporation incorporated under the laws of Nova Scotia, Canada (“NPPH”) and
a former subsidiary of the Borrower that was sold prior to the Effective Date, was excluded from all periods presented in the Interim Historical Financial Statements. Under GAAP, and as reflected in the Historical Financial Statements for the fiscal
year ended December 31, 2011, NPPH should have been deconsolidated as of September 7, 2011 (the “Deconsolidation Date”). Under the deconsolidation accounting model (primarily supported by ASC 852 Reorganization, ASC 810
Consolidation and ASC 450 Contingencies), NPPH should have been included in the consolidated results for all periods up until the Deconsolidation Date. 

 

	2.	There are certain bankruptcy related items being evaluated under the bankruptcy accounting guidance (ASC 852, Reorganizations) resulting from the Plan of
Reorganization. These items could result in additional adjustments not yet recorded or reclassification of adjustments already recorded in 2012 to different periods in 2012 

 SCHEDULE 4.11 
 PAYMENT OF TAXES 
 None. 

 SCHEDULE 4.12 
 REAL ESTATE ASSETS 
 Fee-owned Real Estate Assets 

See attached. 

					
	 NewPage Corporation
	  	Edit Date	  	
	 Real Property list with acreage
	  	18-Dec-12	  	

  

																			
	 ID #/
 SL #
	  	 Mill contact
	  	 Mill name
	  	 Property Name / Type
	  	 Address
	  	 City
	  	 State/

Province
	  	 Land Area
(acres)
	  	 Owner
	  	 Parcel numbers/Comments

	 Wood 1
	  	Pezewski	  	Wood	  	Fifield, Wisconsin (Wood Supply Source) 1996	  	N13970 East Central Ave.; Fifield WI 54524	  	Fifield	  	WI	  	0.64	  	NewPage Wisconsin System Inc.	  	50-010-4-39-01-07-5 15-004-03400 (section 1E)
	 Wood 1
	  	Pezewski	  	Wood	  	Fifield, Wisconsin (Wood Supply Source) 1965	  	N13970 East Central Ave.; Fifield WI 54524	  	Fifield	  	WI	  	7.80	  	NewPage Wisconsin System Inc.	  	50-010-4-39-01-07-5 15-004-04000 (section 1B)
	 Wood 1
	  	Pezewski	  	Wood	  	Fifield, Wisconsin (Wood Supply Source) 1965	  	N13970 East Central Ave.; Fifield WI 54524	  	Fifield	  	WI	  	3.29	  	NewPage Wisconsin System Inc.	  	50-010-4-39-01-07-5 15-004-04000 (section 1C)
	 Wood 1
	  	Pezewski	  	Wood	  	Fifield, Wisconsin (Wood Supply Source) 1965	  	N13970 East Central Ave.; Fifield WI 54524	  	Fifield	  	WI	  	1.50	  	NewPage Wisconsin System Inc.	  	50-010-4-39-01-07-5 15-004-04000 (section 1D)
	 Wood 1
	  	Pezewski	  	Wood	  	Fifield, Wisconsin (Wood Supply Source) 1965	  	N13970 East Central Ave.; Fifield WI 54524	  	Fifield	  	WI	  	0.51	  	NewPage Wisconsin System Inc.	  	50-010-4-39-01-07-5 15-004-04000 (section 1H)

																			
	 Wood 2a
	  	Pezewski	  	Wood	  	Duncan, Michigan (Wood Supply) 1983	  	Kenton Landing - 11.38 acres in Section 7, T47N, R37W, Town of Duncan, Houghton County, MI	  	Duncan	  	MI	  	8.98	  	NewPage Wisconsin System Inc.	  	31-004-107-009-50 (section 13A)
	 Wood 2a
	  	Pezewski	  	Wood	  	Duncan, Michigan (Wood Supply) 1983	  	Kenton Landing - 11.38 acres in Section 7, T47N, R37W, Town of Duncan, Houghton County, MI	  	Duncan	  	MI	  	2.52	  	NewPage Wisconsin System Inc.	  	31-004-107-009-50 (section 4A)
	 Wood 2b
	  	Pezewski	  	Wood	  	Stambaugh, Michigan (Wood Supply Source) 1984	  	935 Sheldon Rd.; Iron River Township, Iron County, MI 49935	  	Iron River	  	MI	  	40.00	  	NewPage Wisconsin System Inc.	  	36-055-035-042-00 (section 16A)
	 Wood 2c
	  	Pezewski	  	Wood	  	Stambaugh, Michigan (Wood Supply Source) 1948	  	Elmwood landing, Iron River City, Iron River County, MI	  	Iron River	  	MI	  	18.14	  	NewPage Wisconsin System Inc.	  	600726000300 (section 13A)
	 Wood 2c
	  	Pezewski	  	Wood	  	Stambaugh, Michigan (Wood Supply Source) 1948	  	Elmwood landing, Iron River City, Iron River County, MI	  	Iron River	  	MI	  	4.73	  	NewPage Wisconsin System Inc.	  	600726100100 (section 1A)
	 Wood 2d
	  	Pezewski	  	Wood	  	Ashland, WI Wood Supply Source 1980	  	1015 11th Avenue E, Ashland, WI 54806	  	Ashland	  	WI	  	4.9	  	NewPage Wisconsin System Inc.	  	201-05092-0000 (section 11A)
	 Wood 2e
	  	Pezewski	  	Wood	  	Argonne 1951	  	SEC 28, T 37 N, R 13 E Tract of land in NW SW	  	Argonne	  	WI	  	2	  	NewPage Wisconsin System Inc.	  	004-00675-0000 (section 10A)
	 Wood2f
	  	Pezewski	  	Wood	  	OMA 1989	  	NW-SW 20 44 3E	  	Hurley	  	WI	  	40	  	NewPage Wisconsin System Inc.	  	014 0525 0000 (section 10A)
	 Wood 3a
	  	Pezewski	  	Wood	  	Monico, Wisconsin (Wood Supply Source) 1950	  	Section 30, T 36 N, R 11E, Monico, WI	  	Monico	  	WI	  	58.32	  	NewPage Wisconsin System Inc.	  	MO 760 (section 10A)

																			
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.;
Duluth, MN 55807	  	Duluth	  	MN	  	4.04	  	NewPage Wisconsin System Inc.	  	010-4490-00010
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.;
Duluth, MN 55807	  	Duluth	  	MN	  	1.37	  	NewPage Wisconsin System Inc.	  	010-4490-03920
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.;
Duluth, MN 55807	  	Duluth	  	MN	  	0.78	  	NewPage Wisconsin System Inc.	  	010-0130-00050
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.;
Duluth, MN 55807	  	Duluth	  	MN	  	1.09	  	NewPage Wisconsin System Inc.	  	010-0130-00082
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.;
Duluth, MN 55807	  	Duluth	  	MN	  	3.68	  	NewPage Wisconsin System Inc.	  	010-0130-00100
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.;
Duluth, MN 55807	  	Duluth	  	MN	  	3.20	  	NewPage Wisconsin System Inc.	  	010-0130-00110
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.;
Duluth, MN 55807	  	Duluth	  	MN	  	0.43	  	NewPage Wisconsin System Inc.	  	010-0130-00130
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.;
Duluth, MN 55807	  	Duluth	  	MN	  	1.36	  	NewPage Wisconsin System Inc.	  	010-0130-00170
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.;
Duluth, MN 55807	  	Duluth	  	MN	  	5.32	  	NewPage Wisconsin System Inc.	  	010-2700-00512
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.;
Duluth, MN 55807	  	Duluth	  	MN	  	0.51	  	NewPage Wisconsin System Inc.	  	010-2700-00514
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.;
Duluth, MN 55807	  	Duluth	  	MN	  	0.59	  	NewPage Wisconsin System Inc.	  	010-4470-04365
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.;
Duluth, MN 55807	  	Duluth	  	MN	  	0.81	  	NewPage Wisconsin System Inc.	  	010-4470-04532
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.;
Duluth, MN 55807	  	Duluth	  	MN	  	0.96	  	NewPage Wisconsin System Inc.	  	010-4470-04665
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.;
Duluth, MN 55807	  	Duluth	  	MN	  	1.11	  	NewPage Wisconsin System Inc.	  	010-4470-04865

																			
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.80	  	NewPage Wisconsin System Inc.	  	010-4470-05010
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.88	  	NewPage Wisconsin System Inc.	  	010-4470-05160
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.88	  	NewPage Wisconsin System Inc.	  	010-4470-05330
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.44	  	NewPage Wisconsin System Inc.	  	010-4470-05480
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.44	  	NewPage Wisconsin System Inc.	  	010-4470-07100
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.88	  	NewPage Wisconsin System Inc.	  	010-4470-07260
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.88	  	NewPage Wisconsin System Inc.	  	010-4470-07420
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.80	  	NewPage Wisconsin System Inc.	  	010-4470-07610
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.65	  	NewPage Wisconsin System Inc.	  	010-4470-07790
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.72	  	NewPage Wisconsin System Inc.	  	010-4470-07950
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	0.27	  	NewPage Wisconsin System Inc.	  	010-4490-00040
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	0.07	  	NewPage Wisconsin System Inc.	  	010-4490-00050
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	0.07	  	NewPage Wisconsin System Inc.	  	010-4490-00060
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	0.07	  	NewPage Wisconsin System Inc.	  	010-4490-00070

																			
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	0.07	  	NewPage Wisconsin System Inc.	  	010-4490-00080
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	0.18	  	NewPage Wisconsin System Inc.	  	010-4490-00090
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	0.08	  	NewPage Wisconsin System Inc.	  	010-4490-00100
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	0.08	  	NewPage Wisconsin System Inc.	  	010-4490-00110
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	0.08	  	NewPage Wisconsin System Inc.	  	010-4490-00120
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	0.08	  	NewPage Wisconsin System Inc.	  	010-4490-00130
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	0.34	  	NewPage Wisconsin System Inc.	  	010-4490-00135
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	0.23	  	NewPage Wisconsin System Inc.	  	010-4490-00215
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	0.11	  	NewPage Wisconsin System Inc.	  	010-4490-00285
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	0.10	  	NewPage Wisconsin System Inc.	  	010-4490-00505
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	0.63	  	NewPage Wisconsin System Inc.	  	010-4490-02735
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.20	  	NewPage Wisconsin System Inc.	  	010-4490-02862
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	7.99	  	NewPage Wisconsin System Inc.	  	010-4490-03030
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.74	  	NewPage Wisconsin System Inc.	  	010-4490-03230

																			
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.77	  	NewPage Wisconsin System Inc.	  	010-4490-03380
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.77	  	NewPage Wisconsin System Inc.	  	010-4490-03560
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.72	  	NewPage Wisconsin System Inc.	  	010-4490-03740
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.80	  	NewPage Wisconsin System Inc.	  	010-4490-04310
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.80	  	NewPage Wisconsin System Inc.	  	010-4490-04650
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.80	  	NewPage Wisconsin System Inc.	  	010-4490-04840
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.80	  	NewPage Wisconsin System Inc.	  	010-4490-05020
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.65	  	NewPage Wisconsin System Inc.	  	010-4490-05200
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.65	  	NewPage Wisconsin System Inc.	  	010-4490-05380
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.44	  	NewPage Wisconsin System Inc.	  	010-4490-05560
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.80	  	NewPage Wisconsin System Inc.	  	010-4490-05720
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.80	  	NewPage Wisconsin System Inc.	  	010-4490-05900
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.80	  	NewPage Wisconsin System Inc.	  	010-4490-06120
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.80	  	NewPage Wisconsin System Inc.	  	010-4490-06410

																			
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.80	  	NewPage Wisconsin System Inc.	  	010-4490-06680
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.80	  	NewPage Wisconsin System Inc.	  	010-4490-06860
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.71	  	NewPage Wisconsin System Inc.	  	010-4490-07040
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.47	  	NewPage Wisconsin System Inc.	  	010-4490-07220
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	0.63	  	NewPage Wisconsin System Inc.	  	010-4490-07400
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	0.05	  	NewPage Wisconsin System Inc.	  	010-4490-07435
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.30	  	NewPage Wisconsin System Inc.	  	010-4490-07560
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.33	  	NewPage Wisconsin System Inc.	  	010-4490-07780
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	0.67	  	NewPage Wisconsin System Inc.	  	010-4490-07970
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.16	  	NewPage Wisconsin System Inc.	  	010-4490-08410
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	1.54	  	NewPage Wisconsin System Inc.	  	010-4490-08320
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	0.07	  	NewPage Wisconsin System Inc.	  	010-4470-04220
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	0.07	  	NewPage Wisconsin System Inc.	  	010-4470-04225
	 D1
	  	Bittinger	  	Duluth	  	Duluth, Minnesota (Paper & Recycled Mill)	  	100 N. Central Ave.; Duluth, MN 55807	  	Duluth	  	MN	  	0.07	  	NewPage Wisconsin System Inc.	  	010-4470-04230

																			
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.;
Duluth, MN 55807	 	Duluth	 	MN	 	0.07	 	NewPage Wisconsin System Inc.	 	010-4470-04240
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.;
Duluth, MN 55807	 	Duluth	 	MN	 	0.07	 	NewPage Wisconsin System Inc.	 	010-4470-04250
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.;
Duluth, MN 55807	 	Duluth	 	MN	 	0.07	 	NewPage Wisconsin System Inc.	 	010-4470-05640
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.;
Duluth, MN 55807	 	Duluth	 	MN	 	0.07	 	NewPage Wisconsin System Inc.	 	010-4470-05650
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.;
Duluth, MN 55807	 	Duluth	 	MN	 	0.07	 	NewPage Wisconsin System Inc.	 	010-4470-05660
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.;
Duluth, MN 55807	 	Duluth	 	MN	 	0.07	 	NewPage Wisconsin System Inc.	 	010-4470-05670
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.;
Duluth, MN 55807	 	Duluth	 	MN	 	0.14	 	NewPage Wisconsin System Inc.	 	010-4470-05680
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.;
Duluth, MN 55807	 	Duluth	 	MN	 	0.07	 	NewPage Wisconsin System Inc.	 	010-4470-05700
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.;
Duluth, MN 55807	 	Duluth	 	MN	 	0.07	 	NewPage Wisconsin System Inc.	 	010-4470-05710
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.;
Duluth, MN 55807	 	Duluth	 	MN	 	0.07	 	NewPage Wisconsin System Inc.	 	010-4470-05720
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.;
Duluth, MN 55807	 	Duluth	 	MN	 	0.11	 	NewPage Wisconsin System Inc.	 	010-4470-05730
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.;
Duluth, MN 55807	 	Duluth	 	MN	 	0.04	 	NewPage Wisconsin System Inc.	 	010-4470-05740
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.;
Duluth, MN 55807	 	Duluth	 	MN	 	0.07	 	NewPage Wisconsin System Inc.	 	010-4470-05750
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.;
Duluth, MN 55807	 	Duluth	 	MN	 	0.07	 	NewPage Wisconsin System Inc.	 	010-4470-05760

																					
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	0.07	  	 	NewPage Wisconsin System Inc.	 	010-4470-05770
	D1	 	Bittinger	 	Duluth	 	Duluth, Minnesota (Paper & Recycled Mill)	 	100 N. Central Ave.; Duluth, MN 55807	 	Duluth	 	MN	 	 	0.14	  	 	NewPage Wisconsin System Inc.	 	010-4470-05780
	B1	 	Christenson	 	Biron	 	Biron, Wisconsin	 	621 N. Biron Dr., Wisconsin Rapids, WI 54494 - Map
B - Main Biron Mill Facility	 	Biron	 	WI	 	 	75.00	  	 	NewPage Wisconsin System Inc.	 	2400029
	B1	 	Christenson	 	Biron	 	Biron, Wisconsin	 	621 N. Biron Dr., Wisconsin Rapids, WI 54494 - Map
F -Biron Mill Log Storage	 	Biron	 	WI	 	 	18.07	  	 	NewPage Wisconsin System Inc.	 	2400088
	B1	 	Christenson	 	Biron	 	Biron, Wisconsin	 	621 N. Biron Dr., Wisconsin Rapids, WI 54494 - Map
G - Biron Mill Log Storage	 	Biron	 	WI	 	 	7.68	  	 	NewPage Wisconsin System Inc.	 	2400091D
	B2	 	Christenson	 	Biron	 	Biron, Wisconsin	 	621 N. Biron Dr., Wisconsin Rapids, WI 54494 - Map
D - Main R&D Facility	 	Biron	 	WI	 	 	45.29	  	 	NewPage Wisconsin System Inc.	 	2400033
	B2	 	Christenson	 	Biron	 	Biron, Wisconsin	 	621 N. Biron Dr., Wisconsin Rapids, WI 54494 - Map
E - Additional R&D Property	 	Biron	 	WI	 	 	1.00	  	 	NewPage Wisconsin System Inc.	 	2400034
	B3	 	Christenson	 	Biron	 	Biron, Wisconsin	 	621 N. Biron Dr., Wisconsin Rapids, WI 54494	 	Biron	 	WI	 	 	17.63	  	 	NewPage Wisconsin System Inc.	 	2400028
	B3	 	Christenson	 	Biron	 	Biron, Wisconsin	 	621 N. Biron Dr., Wisconsin Rapids, WI 54494	 	Biron	 	WI	 	 	3.73	  	 	NewPage Wisconsin System Inc.	 	2400032A
	B3	 	Christenson	 	Biron	 	Biron, Wisconsin	 	621 N. Biron Dr., Wisconsin Rapids, WI 54494	 	Biron	 	WI	 	 	3.87	  	 	NewPage Wisconsin System Inc.	 	2400120

																			
	B3	 	Christenson	 	Biron	 	Biron, Wisconsin	 	621 N. Biron Dr., Wisconsin Rapids, WI 54494	 	Biron	 	WI	 	0.17	 	NewPage Wisconsin System Inc.	 	2400125
	B3	 	Christenson	 	Biron	 	Biron, Wisconsin	 	621 N. Biron Dr., Wisconsin Rapids, WI 54494	 	Biron	 	WI	 	0.66	 	NewPage Wisconsin System Inc.	 	2400126
	B3	 	Christenson	 	Biron	 	Biron, Wisconsin	 	621 N. Biron Dr., Wisconsin Rapids, WI 54494	 	Biron	 	WI	 	0.17	 	NewPage Wisconsin System Inc.	 	2400130
	B3	 	Christenson	 	Biron	 	Biron, Wisconsin	 	621 N. Biron Dr., Wisconsin Rapids, WI 54494	 	Biron	 	WI	 	0.17	 	NewPage Wisconsin System Inc.	 	2400137
	B3	 	Christenson	 	Biron	 	Biron, Wisconsin	 	621 N. Biron Dr., Wisconsin Rapids, WI 54494	 	Biron	 	WI	 	0.33	 	NewPage Wisconsin System Inc.	 	2400139
	B3	 	Christenson	 	Biron	 	Biron, Wisconsin	 	621 N. Biron Dr., Wisconsin Rapids, WI 54494	 	Biron	 	WI	 	0.17	 	NewPage Wisconsin System Inc.	 	2400141
	B3	 	Christenson	 	Biron	 	Biron, Wisconsin	 	621 N. Biron Dr., Wisconsin Rapids, WI 54494	 	Biron	 	WI	 	0.17	 	NewPage Wisconsin System Inc.	 	2400142
	B3	 	Christenson	 	Biron	 	Biron, Wisconsin	 	621 N. Biron Dr., Wisconsin Rapids, WI 54494	 	Biron	 	WI	 	1.16	 	NewPage Wisconsin System Inc.	 	2400184
	B3	 	Christenson	 	Biron	 	Biron, Wisconsin	 	621 N. Biron Dr., Wisconsin Rapids, WI 54494	 	Biron	 	WI	 	0.37	 	NewPage Wisconsin System Inc.	 	2400191
	B3	 	Christenson	 	Biron	 	Biron, Wisconsin	 	621 N. Biron Dr., Wisconsin Rapids, WI 54494	 	Biron	 	WI	 	0.16	 	NewPage Wisconsin System Inc.	 	2400193
	B3	 	Christenson	 	Biron	 	Biron, Wisconsin	 	621 N. Biron Dr., Wisconsin Rapids, WI 54494	 	Biron	 	WI	 	0.16	 	NewPage Wisconsin System Inc.	 	2400194
	B3	 	Christenson	 	Biron	 	Biron, Wisconsin	 	621 N. Biron Dr., Wisconsin Rapids, WI 54494	 	Biron	 	WI	 	0.16	 	NewPage Wisconsin System Inc.	 	2400195
	B3	 	Christenson	 	Biron	 	Biron, Wisconsin	 	621 N. Biron Dr., Wisconsin Rapids, WI 54494	 	Biron	 	WI	 	0.17	 	NewPage Wisconsin System Inc.	 	2400196

																					
	B3	 	Christenson	 	Biron	 	Biron, Wisconsin	 	300 N. Biron Dr.; Wisconsin Rapids, WI 54494	 	Biron	 	WI	 	 	2.1	  	 	NewPage Wisconsin System Inc.	 	2400197
	B3	 	Christenson	 	Biron	 	Biron, Wisconsin	 	Biron	 	Biron	 	WI	 	 	1.14	  	 	NewPage Wisconsin System Inc.	 	2400210
	WH1	 	Brewer/
Behrens	 	Whiting	 	Whiting, Wisconsin (Mill)	 	2627 Whiting Rd.; Whiting, WI 54481	 	Whiting	 	WI	 	 	402.19	  	 	NewPage Wisconsin System Inc.	 	Closed Facility.
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	7.51	  	 	Escanaba Paper Company	 	21-014-006-015-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	19.96	  	 	Escanaba Paper Company	 	21-014-006-040-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	22.06	  	 	Escanaba Paper Company	 	21-014-006-043-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	97.28	  	 	Escanaba Paper Company	 	21-014-006-044-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	8.66	  	 	Escanaba Paper Company	 	21-014-006-045-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	13.61	  	 	Escanaba Paper Company	 	21-014-006-046-10
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	0.84	  	 	Escanaba Paper Company	 	21-014-006-051-00

																					
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	0.95	  	 	Escanaba Paper Company	 	21-014-007-004-10
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	326.77	  	 	Escanaba Paper Company	 	21-014-051-001-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	4.50	  	 	Escanaba Paper Company	 	21-014-051-021-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	6.32	  	 	Escanaba Paper Company	 	21-014-051-022-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	10.15	  	 	Escanaba Paper Company	 	21-014-051-023-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	1.03	  	 	Escanaba Paper Company	 	21-014-051-026-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	1.03	  	 	Escanaba Paper Company	 	21-014-051-026-10
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	0.43	  	 	Escanaba Paper Company	 	21-014-051-027-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	12.48	  	 	Escanaba Paper Company	 	21-014-051-039-00

																					
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	9.59	  	 	Escanaba Paper Company	 	21-014-051-041-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	21.00	  	 	Escanaba Paper Company	 	21-007-030-012-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	40.00	  	 	Escanaba Paper Company	 	21-007-030-013-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	40.00	  	 	Escanaba Paper Company	 	21-007-030-019-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	40.00	  	 	Escanaba Paper Company	 	21-007-030-020-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	80.00	  	 	Escanaba Paper Company	 	21-007-030-022-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	24.25	  	 	Escanaba Paper Company	 	21-007-030-024-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	7.00	  	 	Escanaba Paper Company	 	21-007-030-025-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	35.00	  	 	Escanaba Paper Company	 	21-007-031-003-00

																					
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	40.00	  	 	Escanaba Paper Company	 	21-007-031-004-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	70.00	  	 	Escanaba Paper Company	 	21-007-031-005-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	12.50	  	 	Escanaba Paper Company	 	21-007-031-006-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	79.20	  	 	Escanaba Paper Company	 	21-007-031-008-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	0.33	  	 	Escanaba Paper Company	 	21-007-124-052-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	39.79	  	 	Escanaba Paper Company	 	21-007-125-008-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	40.00	  	 	Escanaba Paper Company	 	21-007-125-009-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	40.00	  	 	Escanaba Paper Company	 	21-007-125-010-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	34.20	  	 	Escanaba Paper Company	 	21-007-125-011-00

																					
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	26.20	  	 	Escanaba Paper Company	 	21-007-125-013-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	31.21	  	 	Escanaba Paper Company	 	21-007-125-021-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	12.06	  	 	Escanaba Paper Company	 	21-007-125-022-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	43.15	  	 	Escanaba Paper Company	 	21-007-125-026-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	15.00	  	 	Escanaba Paper Company	 	21-007-135-040-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	100.96	  	 	Escanaba Paper Company	 	21-007-135-076-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	40.00	  	 	Escanaba Paper Company	 	21-007-136-001-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	40.00	  	 	Escanaba Paper Company	 	21-007-136-002-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	40.00	  	 	Escanaba Paper Company	 	21-007-136-003-00

																					
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	40.00	  	 	Escanaba Paper Company	 	21-007-136-004-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	80.00	  	 	Escanaba Paper Company	 	21-007-136-005-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	40.00	  	 	Escanaba Paper Company	 	21-007-136-006-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	40.00	  	 	Escanaba Paper Company	 	21-007-136-007-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	20.00	  	 	Escanaba Paper Company	 	21-007-136-008-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	20.00	  	 	Escanaba Paper Company	 	21-007-136-009-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	40.00	  	 	Escanaba Paper Company	 	21-007-136-010-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	57.30	  	 	Escanaba Paper Company	 	21-007-136-011-00
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	 	 	23.68	  	 	Escanaba Paper Company	 	21-007-136-012-00

																					
	E1	 	Wulf	 	Escanaba	 	Escanaba Mill	 	7100 County 426 M.5 Road, Escanaba, Delta County, MI	 	Escanaba	 	MI	  	 	63.40	  	  	Escanaba Paper Company	  	21-007-136-013-00
	E7	 	Wulf	 	Escanaba	 	Escanaba Mill	 	W6686 County Road 43, Hermansville, Menominee, MI	 	Meyer
Township	 	MI	  	 	9.09	  	  	Escanaba Paper Company	  	55-011-079-002-00
	E7	 	Wulf	 	Escanaba	 	Escanaba Mill	 	W6686 County Road 43, Hermansville, Menominee, MI	 	Meyer
Township	 	MI	  	 	7.02	  	  	Escanaba Paper Company	  	55-011-079-004-00
	E7	 	Wulf	 	Escanaba	 	Escanaba Mill	 	W6686 County Road 43, Hermansville, Menominee, MI	 	Meyer
Township	 	MI	  	 	9.00	  	  	Escanaba Paper Company	  	55-011-079-018-00
	E7	 	Wulf	 	Escanaba	 	Escanaba Mill	 	W6686 County Road 43, Hermansville, Menominee, MI	 	Meyer
Township	 	MI	  	 	0.54	  	  	Escanaba Paper Company	  	55-011-079-019-00
	E7	 	Wulf	 	Escanaba	 	Escanaba Mill	 	W6686 County Road 43, Hermansville, Menominee, MI	 	Meyer
Township	 	MI	  	 	1.05	  	  	Escanaba Paper Company	  	55-011-079-020-00
	E7	 	Wulf	 	Escanaba	 	Escanaba Mill	 	W6686 County Road 43, Hermansville, Menominee, MI	 	Meyer
Township	 	MI	  	 	0.56	  	  	Escanaba Paper Company	  	55-011-079-021-00
	E7	 	Wulf	 	Escanaba	 	Escanaba Mill	 	W6686 County Road 43, Hermansville, Menominee, MI	 	Hermansville	 	MI	  	 	10.63	  	  	Escanaba Paper Company	  	55-011-082-008-00
	E25	 	Wulf	 	Escanaba	 	Escanaba Finished Products Warehouse	 	Route 2, Mead Road, Bovine, MI	 	Lanse
Township	 	MI	  	 	20	  	  	Escanaba Paper Company	  	07-004-366-006-00
	E25	 	Wulf	 	Escanaba	 	Escanaba Finished Products Warehouse	 	Route 2, Mead Road, Bovine, MI	 	Lanse
Township	 	MI	  	 	20	  	  	Escanaba Paper Company	  	07-004366-010-00
	E26	 	Wulf	 	Escanaba	 	Escanaba Finished Products Warehouse	 	3204 County Road H-40, Trout Lake, Chippewa County, MI	 	Trout Lake
Township	 	MI	  	 	28.33	  	  	Escanaba Paper Company	  	17-015-222-001-00

																					
	E26	  	Wulf	  	Escanaba	  	Escanaba Finished Products Warehouse	  	3204 County Road H-40, Trout Lake, Chippewa County, MI	  	Trout Lake
Township	  	MI	  	 	0.92	  	  	Escanaba Paper Company	  	17-015-223-031-00
	E26	  	Wulf	  	Escanaba	  	Escanaba Finished Products Warehouse	  	3204 County Road H-40, Trout Lake, Chippewa County, MI	  	Trout Lake
Township	  	MI	  	 	10	  	  	Escanaba Paper Company	  	17-015-223-032-00
	W1	  	Scourick	  	Wickliffe	  	Wickliffe Finished Products Warehouse	  	Dover Woodyard, Dover, Stewart County, TN	  	Dover	  	TN	  	 	24	  	  	Wickliffe Paper Company LLC	  	00804.000
	W1	  	Scourick	  	Wickliffe	  	Wickliffe Finished Products Warehouse	  	Dover Woodyard, Dover, Stewart County, TN	  	Dover	  	TN	  	 	4.34	  	  	Wickliffe Paper Company LLC	  	00804.001
	W2	  	Scourick	  	Wickliffe	  	Wickliffe Finished Products Warehouse	  	Big Sandy Woodyard, Big Sandy, Benton County, TN	  	Big Sandy	  	TN	  	 	46.2	  	  	Wickliffe Paper Company LLC	  	36595
	W2	  	Scourick	  	Wickliffe	  	Wickliffe Finished Products Warehouse	  	Big Sandy Woodyard, Big Sandy, Benton County, TN	  	Big Sandy	  	TN	  	 	12	  	  	Wickliffe Paper Company LLC	  	36960
	W3	  	Scourick	  	Wickliffe	  	Wickliffe Finished Products Warehouse	  	Route 45, 3 Mi. North of Bethel Springs, Bethel Springs, McNairy County, TN	  	Bethel
Springs	  	TN	  	 	22.43	  	  	Wickliffe Paper Company LLC	  	36688
	W3	  	Scourick	  	Wickliffe	  	Wickliffe Finished Products Warehouse	  	Route 45, 3 Mi. North of Bethel Springs, Bethel Springs, McNairy County, TN	  	Bethel
Springs	  	TN	  	 	36.32	  	  	Wickliffe Paper Company LLC	  	36992

																					
	W4	  	Scourick	  	Wickliffe	  	Wickliffe Finished Products Warehouse	  	Dickson Woodyard, Dickson, Dickson County, TN	  	Dickson	  	TN	  	 	3	  	  	Wickliffe Paper Company LLC	  	36919
	W4	  	Scourick	  	Wickliffe	  	Wickliffe Finished Products Warehouse	  	Dickson Woodyard, Dickson, Dickson County, TN	  	Dickson	  	TN	  	 	32	  	  	Wickliffe Paper Company LLC	  	36553
	W5	  	Scourick	  	Wickliffe	  	Wickliffe Landfills and Solid Waste Facilities	  	Wickliffe Mill Landfill (Active), Ballard County, KY	  	Wickliffe	  	KY	  	 	84.57	  	  	Wickliffe Paper Company LLC	  	20-02-04
	W6	  	Scourick	  	Wickliffe	  	Wickliffe Finished Products Warehouse	  	Waldschmidt Woodyard, Wickliffe, Ballard County, KY	  	Wickliffe	  	KY	  	 	56.11	  	  	Wickliffe Paper Company LLC	  	19-41
	W8	  	Scourick	  	Wickliffe	  	Wickliffe Finished Products Warehouse	  	3412 US Hwy 62, Beaver Dam, Ohio County, KY	  	Beaver
Dam	  	KY	  	 	38	  	  	Wickliffe Paper Company LLC	  	105-36B
	W9	  	Scourick	  	Wickliffe	  	Wickliffe Landfills and Solid Waste Facilities	  	Mill-Carlisle County Landfill (Pending Closure), Wickliffe, Ballard County, KY	  	Wickliffe	  	KY	  	 	275	  	  	Wickliffe Paper Company LLC	  	012-00-00-010.00
	W9	  	Scourick	  	Wickliffe	  	Wickliffe Landfills and Solid Waste Facilities	  	Mill-Carlisle County Landfill (Pending Closure), Wickliffe, Ballard County, KY	  	Wickliffe	  	KY	  	 	15.45	  	  	Wickliffe Paper Company LLC	  	018-00-00-014.00
	W9	  	Scourick	  	Wickliffe	  	Wickliffe Landfills and Solid Waste Facilities	  	Mill-Carlisle County Landfill (Pending Closure), Wickliffe, Ballard County, KY	  	Wickliffe	  	KY	  	 	61	  	  	Wickliffe Paper Company LLC	  	012-00-00-014.00
	W10	  	Scourick	  	Wickliffe	  	Wickliffe Finished Products Warehouse	  	Eddyville, Eddyville, Lyon County, KY	  	Eddyville	  	KY	  	 	33.1	  	  	Wickliffe Paper Company LLC	  	51-28
	W11	  	Scourick	  	Wickliffe	  	Wickliffe Mill and Associated Real Property	  	1724 Westvaco Road, Wickliffe, Ballard County, KY	  	Wickliffe	  	KY	  	 	1174	  	  	Wickliffe Paper Company LLC	  	20-01BO

																					
	W12	  	Scourick	  	Wickliffe	  	Wickliffe Mill and Associated Real Property	  	0 Westvaco Road, Wickliffe, Ballard County, KY	  	Wickliffe	  	KY	  	 	219	  	  	Wickliffe Paper Company LLC	  	20-01-01
	W13	  	Scourick	  	Wickliffe	  	Wickliffe Mill and Associated Real Property	  	3901 Mayfield, Wickliffe, Ballard County, KY	  	Wickliffe	  	KY	  	 	358.68	  	  	Wickliffe Paper Company LLC	  	20-02-01
	W14	  	Scourick	  	Wickliffe	  	Wickliffe Mill and Associated Real Property	  	Mill-Ballard County Landfill (Pending Closure), Wickliffe, Ballard County, KY	  	Wickliffe	  	KY	  	 	33	  	  	Wickliffe Paper Company LLC	  	20-06-02
	SP1	  	Kolpacki	  	Stevens Pt	  	SP Mill Landfill	  	2308.05.3000.02	  	Stevens
Point	  	WI	  	 	33.290	  	  	NewPage Wisconsin System Inc.	  	2308.05.3000.02
	SP2	  	Kolpacki	  	Stevens Pt	  	Vacant lot across river from mill	  	2408.31.4015.07	  	Stevens
Point	  	WI	  	 	0.248	  	  	NewPage Wisconsin System Inc.	  	2408.31.4015.07
	SP3	  	Kolpacki	  	Stevens Pt	  	Parking lot (upper one)	  	2408.32.2019.34	  	Stevens
Point	  	WI	  	 	0.406	  	  	NewPage Wisconsin System Inc.	  	2408.32.2019.34
	SP4	  	Kolpacki	  	Stevens Pt	  	Parking lot (upper one)	  	2408.32.2019.36	  	Stevens
Point	  	WI	  	 	0.384	  	  	NewPage Wisconsin System Inc.	  	2408.32.2019.36
	SP5	  	Kolpacki	  	Stevens Pt	  	lot on corner of Wis & Water St	  	2408.32.3002.18	  	Stevens
Point	  	WI	  	 	0.051	  	  	NewPage Wisconsin System Inc.	  	2408.32.3002.18
	SP6	  	Kolpacki	  	Stevens Pt	  	lot on corner of Wis & Water St	  	2408.32.3002.19	  	Stevens
Point	  	WI	  	 	0.106	  	  	NewPage Wisconsin System Inc.	  	2408.32.3002.19
	SP7	  	Kolpacki	  	Stevens Pt	  	lot on Water St - Says Stora Enso, Wis Rapids	  	2408.32.3002.24	  	Stevens
Point	  	WI	  	 	0.172	  	  	NewPage Wisconsin System Inc.	  	2408.32.3002.24
	SP8	  	Kolpacki	  	Stevens Pt	  	lot on Water St - Says Stora Enso, Wis Rapids	  	2408.32.3002.26	  	Stevens
Point	  	WI	  	 	0.207	  	  	NewPage Wisconsin System Inc.	  	2408.32.3002.26
	SP9	  	Kolpacki	  	Stevens Pt	  	lot on Water St - Says Stora Enso, Wis Rapids	  	2408.32.3002.27	  	Stevens
Point	  	WI	  	 	0.207	  	  	NewPage Wisconsin System Inc.	  	2408.32.3002.27

																					
	SP10	  	Kolpacki	  	Stevens Pt	  	lot on Water St - Says Stora Enso, Wis Rapids	  	2408.32.3002.29	  	Stevens
Point	  	WI	  	 	0.220	  	  	NewPage Wisconsin System Inc.	  	2408.32.3002.29
	SP11	  	Kolpacki	  	Stevens Pt	  	lot on Water St - Says Stora Enso, Wis Rapids	  	2408.32.3002.34	  	Stevens
Point	  	WI	  	 	0.331	  	  	NewPage Wisconsin System Inc.	  	2408.32.3002.34
	SP12	  	Kolpacki	  	Stevens Pt	  	lot on Water St - Says Stora Enso, Wis Rapids	  	2408.32.3002.36	  	Stevens
Point	  	WI	  	 	0.183	  	  	NewPage Wisconsin System Inc.	  	2408.32.3002.36
	SP13	  	Kolpacki	  	Stevens Pt	  	lot on Water St - Says Stora Enso, Wis Rapids	  	2408.32.3002.37	  	Stevens
Point	  	WI	  	 	0.172	  	  	NewPage Wisconsin System Inc.	  	2408.32.3002.37
	SP14	  	Kolpacki	  	Stevens Pt	  	Mill	  	2408.32.3002.55	  	Stevens
Point	  	WI	  	 	24.565	  	  	NewPage Wisconsin System Inc.	  	2408.32.3002.55
	SP15	  	Kolpacki	  	Stevens Pt	  	Mill - Across Wis St	  	2408.32.3007.07	  	Stevens
Point	  	WI	  	 	2.013	  	  	NewPage Wisconsin System Inc.	  	2408.32.3007.07
	SP16	  	Kolpacki	  	Stevens Pt	  	Mill - Across Wis St	  	2408.32.3008.02	  	Stevens
Point	  	WI	  	 	4.298	  	  	NewPage Wisconsin System Inc.	  	2408.32.3008.02
	SP17	  	Kolpacki	  	Stevens Pt	  	Mill - Across Wis St	  	2408.32.3013.15	  	Stevens
Point	  	WI	  	 	3.794	  	  	NewPage Wisconsin System Inc.	  	2408.32.3013.15
	SP18	  	Franz	  	Stevens Pt	  	Lot and residential property (Co Hse #47)	  	900 Sherman Avenue, Stevens Point, WI	  	Whiting	  	WI	  	 	0.245	  	  	NewPage Wisconsin System Inc.	  	Co Hse 47
	SP19	  	Franz	  	Stevens Pt	  	Lot and residential property (Co Hse #48)	  	914 Jacobson Street, Stevens Point, WI	  	Whiting	  	WI	  	 	0.61	  	  	NewPage Wisconsin System Inc.	  	Co Hse 48
	SP20	  	Winkler	  	Stevens Pt	  	Stevens Point, Wisconsin (Water Renewal Center)	  	2690 W River Dr, Stevens Point, Wisconsin 54481	  	Stevens
Point	  	WI	  	 	35	  	  	NewPage Wisconsin System Inc.	  	2423080811
	SP20	  	Winkler	  	Stevens Pt	  	Stevens Point, Wisconsin (Water Renewal Center)	  	2690 W River Dr, Stevens Point, Wisconsin 54481	  	Stevens
Point	  	WI	  	 	20	  	  	NewPage Wisconsin System Inc.	  	2423080812
	SP20	  	Winkler	  	Stevens Pt	  	Stevens Point, Wisconsin (Water Renewal Center)	  	2690 W River Dr, Stevens Point, Wisconsin 54481	  	Stevens
Point	  	WI	  	 	58.06	  	  	NewPage Wisconsin System Inc.	  	242308080502
	SP20	  	Winkler	  	Stevens Pt	  	Stevens Point, Wisconsin (Water Renewal Center)	  	2690 W River Dr, Stevens Point, Wisconsin 54481	  	Stevens
Point	  	WI	  	 	40	  	  	NewPage Wisconsin System Inc.	  	024-23-0817-06
	SP20	  	Winkler	  	Stevens Pt	  	Stevens Point, Wisconsin (Water Renewal Center)	  	2690 W River Dr, Stevens Point, Wisconsin 54481	  	Stevens
Point	  	WI	  	 	39.77	  	  	NewPage Wisconsin System Inc.	  	024-23-0817-07.01
	SP20	  	Winkler	  	Stevens Pt	  	Stevens Point, Wisconsin (Water Renewal Center)	  	2690 W River Dr, Stevens Point, Wisconsin 54481	  	Stevens
Point	  	WI	  	 	40	  	  	NewPage Wisconsin System Inc.	  	024-23-0818-04

																					
	SP20	  	Winkler	  	Stevens Pt	  	Stevens Point, Wisconsin (Water Renewal Center)	  	2690 W River Dr, Stevens Point, Wisconsin 54481	  	Stevens
Point	  	WI	  	 	34.4	  	  	NewPage Wisconsin System Inc.	  	024230808:06.10
	SP20	  	Winkler	  	Stevens Pt	  	Stevens Point, Wisconsin (Water Renewal Center)	  	2690 W River Dr, Stevens Point, Wisconsin 54481	  	Stevens
Point	  	WI	  	 	1	  	  	NewPage Wisconsin System Inc.	  	024230808:06.02
	SP20	  	Winkler	  	Stevens Pt	  	Stevens Point, Wisconsin (Water Renewal Center)	  	2690 W River Dr, Stevens Point, Wisconsin 54481	  	Stevens
Point	  	WI	  	 	2.92	  	  	NewPage Wisconsin System Inc.	  	024230808:06.13
	34	  	Rebuck	  	Luke	  	Luke Mill	  	Maryland Avenue, Westernport, Allegany County, MD	  	Westernport	  	MD	  	 	3.178	  	  	Luke Paper Company	  	08019800
	35	  	Rebuck	  	Luke	  	Luke Mill	  	Grant Street, Luke, Allegany County, MD	  	Luke	  	MD	  	 	0.8264	  	  	Luke Paper Company	  	08019584
	35	  	Rebuck	  	Luke	  	Luke Mill	  	Grant Street, Luke, Allegany County, MD	  	Luke	  	MD	  	 	0.5509	  	  	Luke Paper Company	  	08019592
	35	  	Rebuck	  	Luke	  	Luke Mill	  	Grant Street, Luke, Allegany County, MD	  	Luke	  	MD	  	 	0.5325	  	  	Luke Paper Company	  	08019606
	35	  	Rebuck	  	Luke	  	Luke Mill	  	Grant Street, Luke, Allegany County, MD	  	Luke	  	MD	  	 	0.5509	  	  	Luke Paper Company	  	08019819
	36	  	Rebuck	  	Luke	  	Luke Mill	  	*Section E Drawing No. P21817, Stony River Dam and Reservoir, dated 3/10/97, prepared by PJD, Grant County, WV	  	Grant
County	  	WV	  	 	478	  	  	Luke Paper Company	  	284 0002 0000 0000

																					
	37	  	Rebuck	  	Luke	  	Luke Mill	  	*Section D Drawing No. P17304, Westvaco Property Located on Green Mountain, dated 7/14/87, prepared by CR. Smith	  	Mineral
County	  	WV	  	 	5307.105	  	  	Luke Paper Company	  	0001 0003 0000
	38	  	Rebuck	  	Luke	  	Luke Mill	  	*Section D Drawing No. P21421, Westvaco Owned Property in Beryl West Virginia prepared by , updated 7/14/98, prepared by PJD, Mineral County, WV	  	Mineral
County	  	WV	  	 	64.36	  	  	Luke Paper Company	  	1 0001 0001 6001
	40	  	Rebuck	  	Luke	  	Luke Mill	  	Warehouse/State Route 135, McCoole, Allegany County, MD	  	McCoole	  	MD	  	 	31.292	  	  	Luke Paper Company	  	31003539
	42	  	Rebuck	  	Luke	  	Luke Mill	  	Training Facility/MediCenter (Piedmont School)/22 Orchard Street, Piedmont, Mineral County, WV	  	Piedmont	  	WV	  	 	4.4	  	  	Luke Paper Company	  	1 0002 0002 0000
	43	  	Rebuck	  	Luke	  	Luke Mill	  	Store Room/Machine Shop/Roll Storage/22 Orchard Street, Piedmont, Mineral County, WV	  	Piedmont	  	WV	  	 	3.23	  	  	Luke Paper Company	  	1 0001 0001 0000
	44	  	Rebuck	  	Luke	  	Luke Mill	  	Masteller/Piedmont District, Green Mountain, Piedmont, Mineral County, WV	  	Piedmont	  	WV	  	 	102.2	  	  	Luke Paper Company	  	5 0002 0000 0000
	45	  	Rebuck	  	Luke	  	Luke Mill	  	Coal Lands Tracts A, G, K, L and M, Garrett County, MD	  	Garrett Co.	  	MD	  	 	0	  	  	Luke Paper Company	  	Coal lease - acreage listed with parcels for Garrett County. See lines L250-261
	46	  	Rebuck	  	Luke	  	Luke Mill	  	Route 135, Tri-Towns Plaza, Westernport, Allegany County, MD	  	Westernport	  	MD	  	 	1.1	  	  	Luke Paper Company	  	08022054

																					
	47	  	Rebuck	  	Luke	  	Luke Mill	  	Procurement Field Office, Romney, Hampshire County, WV	  	Romney	  	WV	  	 	1.586	  	  	Luke Paper Company	  	20/00640000
	48	  	Rebuck	  	Luke	  	Luke Landfill	  	Rubble Fill – Demo Material (Active)/Luke, Allegany County, MD	  	Bloomington	  	MD	  	 	0	  	  	Luke Paper Company	  	Permit on ID #L261 Garrett Co.
	49	  	Rebuck	  	Luke	  	Luke Landfill	  	Hampshire Hills Solid Waste Management Facility, Piedmont, Minderal County, WV	  	Piedmont	  	WV	  	 	0	  	  	Luke Paper Company	  	Permit on ID #37 - Mineral Co.
	50	  	Rebuck	  	Luke	  	Luke Warehouse/Distribution Facilities Owned by Acquired Companies	  	Finished Products Warehouse, Luke, MD	  	Luke	  	MD	  	 	9	  	  	Luke Paper Company	  	31007747
	51	  	Rebuck	  	Luke	  	Luke Woodyard	  	Confluence Woodyard (Idle)/Franz Road, Confluence, Somerset County, PA	  	Confluence	  	PA	  	 	16.805	  	  	Luke Paper Company	  	13-0-004140
	52	  	Rebuck	  	Luke	  	Luke Woodyard	  	PO Box 225, State Route 219/250, Daily, Randolph County, WV	  	Daily	  	WV	  	 	47.22	  	  	Luke Paper Company	  	109 0037 0000 0000
	53	  	Rebuck	  	Luke	  	Luke Woodyard	  	PO Box 68, 17022 Washington Highway, Doswell, Hanover County, VA	  	Doswell	  	VA	  	 	21.739	  	  	Luke Paper Company	  	7884-24-5228
	54	  	Rebuck	  	Luke	  	Luke Woodyard	  	107 Williams Street, Berkeley Springs, Morgan County, WV	  	Berkeley
Springs	  	WV	  	 	0.217	  	  	Luke Paper Company	  	3C 0020 0000 0000
	55	  	Rebuck	  	Luke	  	Luke Woodyard	  	Blades Woodyard/21.7 acres along Pennsylvania Railroad right of way and 24,775 square feet on US 13A, Sussex County, DE	  	Sussex
County	  	DE	  	 	22	  	  	Luke Paper Company	  	1320600008000
	56	  	Rebuck	  	Luke	  	Luke Woodyard	  	Lots 1 and 2, of the plat and sub-division of Brown Brothers property at Winston, Culpeper County, VA	  	Culpeper	  	VA	  	 	3	  	  	Luke Paper Company	  	1320600018900

																					
	57	  	Rebuck	  	Luke	  	Luke Woodyard	  	21.99 acres at the intersection of Woodmont Road and Old US Route 40, Plat 3453, Washington County, MD	  	Near
Hancock	  	MD	  	 	21.99	  	  	Luke Paper Company	  	02636/00354
	58	  	Rebuck	  	Luke	  	Luke	  	Part I - Elk District	  	Mineral
County	  	WV	  	 	145.4	  	  	Luke Paper Company	  	9 0007 0000 0000
	L59	  	Rebuck	  	Luke	  	Luke	  	W/S Peach Alley	  	Allegany	  	MD	  	 	0.128	  	  	Luke Paper Company	  	08000891
	L60	  	Rebuck	  	Luke	  	Luke	  	Allong W MD RWY Luke st Cromwell St & Pratt	  	Allegany	  	MD	  	 	0.44	  	  	Luke Paper Company	  	08001391
	L61	  	Rebuck	  	Luke	  	Luke	  	115 Pratt St Lot 8	  	Allegany	  	MD	  	 	0.0298	  	  	Luke Paper Company	  	08001677
	L62	  	Rebuck	  	Luke	  	Luke	  	Shawnee Rd Lot 24 Sec I Horse Rod Hill	  	Allegany	  	MD	  	 	0.884	  	  	Luke Paper Company	  	08001707
	L63	  	Rebuck	  	Luke	  	Luke	  	Shawnee Rd Lot 25 Sec I Horse Rod Hill	  	Allegany	  	MD	  	 	0.933	  	  	Luke Paper Company	  	08001715
	L64	  	Rebuck	  	Luke	  	Luke	  	Shawnee Rd Lot 95 Sec I Horse Rod Hill	  	Allegany	  	MD	  	 	0.480	  	  	Luke Paper Company	  	08001731
	L65	  	Rebuck	  	Luke	  	Luke	  	Shawnee Rd Lot 102 Sec I Horse Rod Hill	  	Allegany	  	MD	  	 	0.580	  	  	Luke Paper Company	  	08001782
	L66	  	Rebuck	  	Luke	  	Luke	  	S Minnetonka KA Rd LT 126 Sec III H/R Hill S/D	  	Allegany	  	MD	  	 	0.770	  	  	Luke Paper Company	  	08001847
	L67	  	Rebuck	  	Luke	  	Luke	  	S Minnetonka KA Rd LT 127 Sec III H/R Hill S/D	  	Allegany	  	MD	  	 	0.620	  	  	Luke Paper Company	  	08001855
	L68	  	Rebuck	  	Luke	  	Luke	  	S Minnetonka KA Rd LT 128 Sec III H/R Hill S/D	  	Allegany	  	MD	  	 	0.490	  	  	Luke Paper Company	  	08001863

																					
	L69	  	Rebuck	  	Luke	  	Luke	  	S Minnetonka KA Rd LT 129 Sec III H/R Hill S/D	  	Allegany	  	MD	  	 	0.440	  	  	Luke Paper Company	  	08001871
	L70	  	Rebuck	  	Luke	  	Luke	  	S Minnetonka KA Rd LT 130 Sec III H/R Hill S/D	  	Allegany	  	MD	  	 	0.480	  	  	Luke Paper Company	  	08001898
	L71	  	Rebuck	  	Luke	  	Luke	  	Mallard Lane NE Lot 133 SEC III H/R Hill S/D	  	Allegany	  	MD	  	 	0.390	  	  	Luke Paper Company	  	08001901
	L72	  	Rebuck	  	Luke	  	Luke	  	Mallard Lane NE Lot 134 SEC III H/R Hill S/D	  	Allegany	  	MD	  	 	0.350	  	  	Luke Paper Company	  	08001928
	L73	  	Rebuck	  	Luke	  	Luke	  	S Minnetonka KA Rd LT 144 Sec III H/R Hill S/D	  	Allegany	  	MD	  	 	0.410	  	  	Luke Paper Company	  	08001952
	L74	  	Rebuck	  	Luke	  	Luke	  	S Minnetonka KA Rd LT 145 Sec III H/R Hill S/D	  	Allegany	  	MD	  	 	0.410	  	  	Luke Paper Company	  	08001960
	L75	  	Rebuck	  	Luke	  	Luke	  	PT Closed Commercrestcest Running N/W Fr RT 135 at Luke	  	Allegany	  	MD	  	 	0.086	  	  	Luke Paper Company	  	08002088
	L76	  	Rebuck	  	Luke	  	Luke	  	PT Closed Fairview EW St Running N Fr INT Potomac St at Luke	  	Allegany	  	MD	  	 	0.505	  	  	Luke Paper Company	  	08002096
	L77	  	Rebuck	  	Luke	  	Luke	  	PT Closed Cromwell LL St at Luke	  	Allegany	  	MD	  	 	0.402	  	  	Luke Paper Company	  	08002118
	L78	  	Rebuck	  	Luke	  	Luke	  	PT Closed Alley at Luke Running N/W Fr Intr With Cromwell St	  	Allegany	  	MD	  	 	0.072	  	  	Luke Paper Company	  	08002126
	L79	  	Rebuck	  	Luke	  	Luke	  	PT of Closed Alley EY At Luke	  	Allegany	  	MD	  	 	0.069	  	  	Luke Paper Company	  	08002134
	L80	  	Rebuck	  	Luke	  	Luke	  	W/S Horse Rock Rd NR Westernport	  	Allegany	  	MD	  	 	3.020	  	  	Luke Paper Company	  	08002142

																					
	L81	  	Rebuck	  	Luke	  	Luke	  	406 Pratt St Pt Lots 197-198 88	  	Allegany	  	MD	  	 	0.053	  	  	Luke Paper Company	  	08002363
	L82	  	Rebuck	  	Luke	  	Luke	  	404 Pratt St Pt Lots 196-197 91	  	Allegany	  	MD	  	 	0.056	  	  	Luke Paper Company	  	08002398
	L83	  	Rebuck	  	Luke	  	Luke	  	371 Nevision Ave	  	Allegany	  	MD	  	 	0.073	  	  	Luke Paper Company	  	08002703
	L84	  	Rebuck	  	Luke	  	Luke	  	419 Pratt St Pt Lots 170-171	  	Allegany	  	MD	  	 	0.115	  	  	Luke Paper Company	  	08002762
	L85	  	Rebuck	  	Luke	  	Luke	  	429 Pratt St Pt Lots 172-175	  	Allegany	  	MD	  	 	0.230	  	  	Luke Paper Company	  	08002827
	L86	  	Rebuck	  	Luke	  	Luke	  	311 Fairview st Lot 286	  	Allegany	  	MD	  	 	0.051	  	  	Luke Paper Company	  	08003386
	L87	  	Rebuck	  	Luke	  	Luke	  	309 Fairview st Lot 285	  	Allegany	  	MD	  	 	0.051	  	  	Luke Paper Company	  	08003394
	L88	  	Rebuck	  	Luke	  	Luke	  	15 Spangler Ave PT Lots 69-70	  	Allegany	  	MD	  	 	0.078	  	  	Luke Paper Company	  	08003475
	L89	  	Rebuck	  	Luke	  	Luke	  	408 Pratt St Pt Lot 199 87	  	Allegany	  	MD	  	 	0.049	  	  	Luke Paper Company	  	08004161
	L90	  	Rebuck	  	Luke	  	Luke	  	96 Mullan Ave	  	Allegany	  	MD	  	 	0.107	  	  	Luke Paper Company	  	08004242
	L91	  	Rebuck	  	Luke	  	Luke	  	102 Mullen Ave	  	Allegany	  	MD	  	 	0.134	  	  	Luke Paper Company	  	08004250
	L92	  	Rebuck	  	Luke	  	Luke	  	113 W/S Pratt St Lot 7	  	Allegany	  	MD	  	 	0.030	  	  	Luke Paper Company	  	08004404
	L93	  	Rebuck	  	Luke	  	Luke	  	323 Pratt St PT LT 152	  	Allegany	  	MD	  	 	0.053	  	  	Luke Paper Company	  	08004579
	L94	  	Rebuck	  	Luke	  	Luke	  	137 Mullen Ave PT Lots 7-8 Luke Hill	  	Allegany	  	MD	  	 	0.218	  	  	Luke Paper Company	  	08004587
	L95	  	Rebuck	  	Luke	  	Luke	  	113 Mullan Ave PT Lots 16-17 Spangler	  	Allegany	  	MD	  	 	0.163	  	  	Luke Paper Company	  	08004951
	L96	  	Rebuck	  	Luke	  	Luke	  	E/S Pratt St Lots 23-24	  	Allegany	  	MD	  	 	0.060	  	  	Luke Paper Company	  	08005087
	L97	  	Rebuck	  	Luke	  	Luke	  	97 Mullan Ave PT Lots 24-25 Spangler	  	Allegany	  	MD	  	 	0.055	  	  	Luke Paper Company	  	08005117

																					
	L98	  	Rebuck	  	Luke	  	Luke	  	Mullan St	  	Allegany	  	MD	  	 	0.080	  	  	Luke Paper Company	  	08005125
	L99	  	Rebuck	  	Luke	  	Luke	  	100 Mullan Ave	  	Allegany	  	MD	  	 	0.113	  	  	Luke Paper Company	  	08005265
	L100	  	Rebuck	  	Luke	  	Luke	  	353 Nevison Ave PT Lots 747-748	  	Allegany	  	MD	  	 	0.052	  	  	Luke Paper Company	  	08005273
	L101	  	Rebuck	  	Luke	  	Luke	  	337 Fairview St Lot 299	  	Allegany	  	MD	  	 	0.051	  	  	Luke Paper Company	  	08005311
	L102	  	Rebuck	  	Luke	  	Luke	  	420 Pratt St Lot 205	  	Allegany	  	MD	  	 	0.087	  	  	Luke Paper Company	  	08005680
	L103	  	Rebuck	  	Luke	  	Luke	  	319 E/S Fairview St St Lot 150	  	Allegany	  	MD	  	 	0.057	  	  	Luke Paper Company	  	08005745
	L104	  	Rebuck	  	Luke	  	Luke	  	335 Fairview St PT Lot 298	  	Allegany	  	MD	  	 	0.052	  	  	Luke Paper Company	  	08006172
	L105	  	Rebuck	  	Luke	  	Luke	  	325 Pratt St Lot 153 PT 154	  	Allegany	  	MD	  	 	0.057	  	  	Luke Paper Company	  	08006229
	L106	  	Rebuck	  	Luke	  	Luke	  	339 Fairview St PT Lot 300	  	Allegany	  	MD	  	 	0.051	  	  	Luke Paper Company	  	08006291
	L107	  	Rebuck	  	Luke	  	Luke	  	355 Nevison Ave	  	Allegany	  	MD	  	 	0.052	  	  	Luke Paper Company	  	08006474
	L108	  	Rebuck	  	Luke	  	Luke	  	357 Nevison Ave E/S Spandler Ave	  	Allegany	  	MD	  	 	0.052	  	  	Luke Paper Company	  	08006776
	L109	  	Rebuck	  	Luke	  	Luke	  	111 Mullan Ave PT Lots 17-18-19 Spangler	  	Allegany	  	MD	  	 	0.156	  	  	Luke Paper Company	  	08006903
	L110	  	Rebuck	  	Luke	  	Luke	  	132 Mullan Ave Lot 132	  	Allegany	  	MD	  	 	0.108	  	  	Luke Paper Company	  	08008833
	L111	  	Rebuck	  	Luke	  	Luke	  	122 Mullen Ave	  	Allegany	  	MD	  	 	0.122	  	  	Luke Paper Company	  	08009201
	L112	  	Rebuck	  	Luke	  	Luke	  	107 Mullan Ave PT Lots 18-19-20 Spangler 98	  	Allegany	  	MD	  	 	0.065	  	  	Luke Paper Company	  	08009376
	L113	  	Rebuck	  	Luke	  	Luke	  	349 Nevison Ave PT lts 74-749-750	  	Allegany	  	MD	  	 	0.052	  	  	Luke Paper Company	  	08009384
	L114	  	Rebuck	  	Luke	  	Luke	  	403 Pratt St Lot 162	  	Allegany	  	MD	  	 	0.055	  	  	Luke Paper Company	  	08009538

																					
	L115	  	Rebuck	  	Luke	  	Luke	  	138 Mullen Ave	  	Allegany	  	MD	  	 	0.271	  	  	Luke Paper Company	  	08009562
	L116	  	Rebuck	  	Luke	  	Luke	  	319 Fairview Ave Lot 290	  	Allegany	  	MD	  	 	0.057	  	  	Luke Paper Company	  	08010110
	L117	  	Rebuck	  	Luke	  	Luke	  	418 Prat St Lot 204	  	Allegany	  	MD	  	 	0.092	  	  	Luke Paper Company	  	08010315
	L118	  	Rebuck	  	Luke	  	Luke	  	106 Mullen Ave	  	Allegany	  	MD	  	 	0.053	  	  	Luke Paper Company	  	08011451
	L119	  	Rebuck	  	Luke	  	Luke	  	108 Mullen Ave	  	Allegany	  	MD	  	 	0.053	  	  	Luke Paper Company	  	08011478
	L120	  	Rebuck	  	Luke	  	Luke	  	136 Mullen Ave	  	Allegany	  	MD	  	 	0.127	  	  	Luke Paper Company	  	08011613
	L121	  	Rebuck	  	Luke	  	Luke	  	118 Mullen Ave	  	Allegany	  	MD	  	 	0.057	  	  	Luke Paper Company	  	08011621
	L122	  	Rebuck	  	Luke	  	Luke	  	126 Mullen Ave	  	Allegany	  	MD	  	 	0.098	  	  	Luke Paper Company	  	08011907
	L123	  	Rebuck	  	Luke	  	Luke	  	128 Mullan Ave	  	Allegany	  	MD	  	 	0.091	  	  	Luke Paper Company	  	08012148
	L124	  	Rebuck	  	Luke	  	Luke	  	Pratt St Lots 32-33	  	Allegany	  	MD	  	 	0.115	  	  	Luke Paper Company	  	08012601
	L125	  	Rebuck	  	Luke	  	Luke	  	345 Nevison Avw	  	Allegany	  	MD	  	 	0.052	  	  	Luke Paper Company	  	08013500
	L126	  	Rebuck	  	Luke	  	Luke	  	207-209 Fairview St St Lots 631-632	  	Allegany	  	MD	  	 	0.115	  	  	Luke Paper Company	  	08013519
	L127	  	Rebuck	  	Luke	  	Luke	  	221 Fairview St Lots 637-638	  	Allegany	  	MD	  	 	0.115	  	  	Luke Paper Company	  	08013535
	L128	  	Rebuck	  	Luke	  	Luke	  	402 Pratt St Lot 196 90	  	Allegany	  	MD	  	 	0.052	  	  	Luke Paper Company	  	08014280
	L129	  	Rebuck	  	Luke	  	Luke	  	426 Pratt St Lot 208 71	  	Allegany	  	MD	  	 	0.040	  	  	Luke Paper Company	  	08014345
	L130	  	Rebuck	  	Luke	  	Luke	  	317 Pratt St Lot 149	  	Allegany	  	MD	  	 	0.112	  	  	Luke Paper Company	  	08014388
	L131	  	Rebuck	  	Luke	  	Luke	  	99 Mullan Ave PT Lots 22-23-24 Spangler	  	Allegany	  	MD	  	 	0.151	  	  	Luke Paper Company	  	08014450
	L132	  	Rebuck	  	Luke	  	Luke	  	E/S Pratt St PT Lot 200 85	  	Allegany	  	MD	  	 	0.048	  	  	Luke Paper Company	  	08014469

																					
	L133	  	Rebuck	  	Luke	  	Luke	  	E/S Pratt St Lot 201	  	Allegany	  	MD	  	 	0.048	  	  	Luke Paper Company	  	08014477
	L134	  	Rebuck	  	Luke	  	Luke	  	County Rd Off Jefferson Lane	  	Allegany	  	MD	  	 	41.916	  	  	Luke Paper Company	  	08014523
	L135	  	Rebuck	  	Luke	  	Luke	  	95 Mullan Ave PT Lots 26-27 Spangler Addn	  	Allegany	  	MD	  	 	0.060	  	  	Luke Paper Company	  	08014787
	L136	  	Rebuck	  	Luke	  	Luke	  	11 Spangler Ave PT Lots 69-70	  	Allegany	  	MD	  	 	0.252	  	  	Luke Paper Company	  	08014817
	L137	  	Rebuck	  	Luke	  	Luke	  	N/S Grant St & Old LD Bloomington Rd	  	Allegany	  	MD	  	 	0.524	  	  	Luke Paper Company	  	08015104
	L138	  	Rebuck	  	Luke	  	Luke	  	Pratt, Commerce, Cromwell & Jefferson STS	  	Allegany	  	MD	  	 	2.321	  	  	Luke Paper Company	  	08015112
	L139	  	Rebuck	  	Luke	  	Luke	  	94 Mullan Ave	  	Allegany	  	MD	  	 	0.118	  	  	Luke Paper Company	  	08015244
	L140	  	Rebuck	  	Luke	  	Luke	  	213 Pratt Street Lots 19-20-21-22 45	  	Allegany	  	MD	  	 	0.099	  	  	Luke Paper Company	  	08015406
	L141	  	Rebuck	  	Luke	  	Luke	  	199 Pratt St Lot 1	  	Allegany	  	MD	  	 	0.081	  	  	Luke Paper Company	  	08015929
	L142	  	Rebuck	  	Luke	  	Luke	  	124 Mullen Ave	  	Allegany	  	MD	  	 	0.053	  	  	Luke Paper Company	  	08015988
	L143	  	Rebuck	  	Luke	  	Luke	  	E/S Mullan Ave Lots 658-659	  	Allegany	  	MD	  	 	0.377	  	  	Luke Paper Company	  	08016062
	L144	  	Rebuck	  	Luke	  	Luke	  	Farview St Lots 639-640	  	Allegany	  	MD	  	 	0.115	  	  	Luke Paper Company	  	08016070
	L145	  	Rebuck	  	Luke	  	Luke	  	347 Nevison Ave	  	Allegany	  	MD	  	 	0.054	  	  	Luke Paper Company	  	08016429
	L146	  	Rebuck	  	Luke	  	Luke	  	413 Pratt St Lot 167	  	Allegany	  	MD	  	 	0.057	  	  	Luke Paper Company	  	08017301
	L147	  	Rebuck	  	Luke	  	Luke	  	W/S Cromwell St Lot 78 PT 77	  	Allegany	  	MD	  	 	0.110	  	  	Luke Paper Company	  	08017484
	L148	  	Rebuck	  	Luke	  	Luke	  	W/S Cromwell St PT LTS 72 Thru 76	  	Allegany	  	MD	  	 	0.138	  	  	Luke Paper Company	  	08017506
	L149	  	Rebuck	  	Luke	  	Luke	  	114 Mullen Ave	  	Allegany	  	MD	  	 	0.053	  	  	Luke Paper Company	  	08017549

																					
	L150	  	Rebuck	  	Luke	  	Luke	  	120 Mullen Ave	  	Allegany	  	MD	  	 	0.130	  	  	Luke Paper Company	  	08018693
	L151	  	Rebuck	  	Luke	  	Luke	  	County Rd at Franklin	  	Allegany	  	MD	  	 	1.740	  	  	Luke Paper Company	  	08018995
	L152	  	Rebuck	  	Luke	  	Luke	  	301 Fairview St Pt Lot 281	  	Allegany	  	MD	  	 	0.052	  	  	Luke Paper Company	  	08019126
	L153	  	Rebuck	  	Luke	  	Luke	  	E/S Cromwell St Lts 107 thru 112	  	Allegany	  	MD	  	 	0.344	  	  	Luke Paper Company	  	08019452
	L154	  	Rebuck	  	Luke	  	Luke	  	Pratt St Lts 192 thru 195	  	Allegany	  	MD	  	 	0.230	  	  	Luke Paper Company	  	08019460
	L155	  	Rebuck	  	Luke	  	Luke	  	Luke Hill	  	Allegany	  	MD	  	 	4.400	  	  	Luke Paper Company	  	08019509
	L156	  	Rebuck	  	Luke	  	Luke	  	Above Westernport	  	Allegany	  	MD	  	 	4.060	  	  	Luke Paper Company	  	08019525
	L157	  	Rebuck	  	Luke	  	Luke	  	116 Cromwell St Lots 113-114	  	Allegany	  	MD	  	 	0.115	  	  	Luke Paper Company	  	08019533
	L158	  	Rebuck	  	Luke	  	Luke	  	Fairview St Pt Lot 635	  	Allegany	  	MD	  	 	0.052	  	  	Luke Paper Company	  	08019541
	L159	  	Rebuck	  	Luke	  	Luke	  	Fairview St Pt Lot 635	  	Allegany	  	MD	  	 	0.052	  	  	Luke Paper Company	  	08019568
	L160	  	Rebuck	  	Luke	  	Luke	  	Fairview St Pt Lot 641-642	  	Allegany	  	MD	  	 	0.103	  	  	Luke Paper Company	  	08019576
	L161	  	Rebuck	  	Luke	  	Luke	  	Adj RR Mullan Ave E Spangler	  	Allegany	  	MD	  	 	0.540	  	  	Luke Paper Company	  	08019614
	L162	  	Rebuck	  	Luke	  	Luke	  	Adj N/S 69 Nullan Avn Pt Lots 40-41-42 Spangler	  	Allegany	  	MD	  	 	0.115	  	  	Luke Paper Company	  	08019622
	L163	  	Rebuck	  	Luke	  	Luke	  	W/S Pratt St Cor N/S Lee st LTS 34-35	  	Allegany	  	MD	  	 	0.115	  	  	Luke Paper Company	  	08019630
	L164	  	Rebuck	  	Luke	  	Luke	  	Pratt St Pl Lot 154	  	Allegany	  	MD	  	 	0.046	  	  	Luke Paper Company	  	08019649
	L165	  	Rebuck	  	Luke	  	Luke	  	Adj S?S 333 Pratt St Lot 158	  	Allegany	  	MD	  	 	0.057	  	  	Luke Paper Company	  	08019657
	L166	  	Rebuck	  	Luke	  	Luke	  	W/S Pratt St Cor N/S Broydon Lts 15-160	  	Allegany	  	MD	  	 	0.115	  	  	Luke Paper Company	  	08019665
	L167	  	Rebuck	  	Luke	  	Luke	  	E/S Pratt St LTS 176 thru 187	  	Allegany	  	MD	  	 	0.522	  	  	Luke Paper Company	  	08019673
	L168	  	Rebuck	  	Luke	  	Luke	  	Lot Tri on River Rd & W MD Rwy	  	Allegany	  	MD	  	 	1.000	  	  	Luke Paper Company	  	08019681
	L169	  	Rebuck	  	Luke	  	Luke	  	Terrace St Off Hanover	  	Allegany	  	MD	  	 	0.009	  	  	Luke Paper Company	  	08019703
	L170	  	Rebuck	  	Luke	  	Luke	  	N Concrete Steps	  	Allegany	  	MD	  	 	2.400	  	  	Luke Paper Company	  	08019711

																					
	L171	  	Rebuck	  	Luke	  	Luke	  	N New Co Rd Tod to Bloomington Above School	  	Allegany	  	MD	  	 	6.850	  	  	Luke Paper Company	  	08019738
	L172	  	Rebuck	  	Luke	  	Luke	  	Luke Hill	  	Allegany	  	MD	  	 	35.340	  	  	Luke Paper Company	  	08019754
	L173	  	Rebuck	  	Luke	  	Luke	  	S. Mullan Ave W of Spangler Ave	  	Allegany	  	MD	  	 	1.500	  	  	Luke Paper Company	  	08019762
	L174	  	Rebuck	  	Luke	  	Luke	  	County Rd	  	Allegany	  	MD	  	 	0.450	  	  	Luke Paper Company	  	08019770
	L175	  	Rebuck	  	Luke	  	Luke	  	Pt W MD Rwy	  	Allegany	  	MD	  	 	0.210	  	  	Luke Paper Company	  	08019797
	L176	  	Rebuck	  	Luke	  	Luke	  	E/S Pratt St PT Lot 202	  	Allegany	  	MD	  	 	0.045	  	  	Luke Paper Company	  	08019843
	L177	  	Rebuck	  	Luke	  	Luke	  	E/S Pratt St PT Lot 203	  	Allegany	  	MD	  	 	0.057	  	  	Luke Paper Company	  	08019851
	L178	  	Rebuck	  	Luke	  	Luke	  	430 Pratt St Pt Lot 210	  	Allegany	  	MD	  	 	0.037	  	  	Luke Paper Company	  	08019924
	L179	  	Rebuck	  	Luke	  	Luke	  	430 Pratt St Pt Lot 210	  	Allegany	  	MD	  	 	0.044	  	  	Luke Paper Company	  	08019932
	L180	  	Rebuck	  	Luke	  	Luke	  	W/S Horse Rock Rd D Lot 8 Sec 1 H/R Hill	  	Allegany	  	MD	  	 	1.152	  	  	Luke Paper Company	  	08019940
	L181	  	Rebuck	  	Luke	  	Luke	  	Horse Rock Hill Lot 9	  	Allegany	  	MD	  	 	0.845	  	  	Luke Paper Company	  	08019959
	L182	  	Rebuck	  	Luke	  	Luke	  	E/S Horse Rock Rd D Lot 64 Sec 1 H/R Hill	  	Allegany	  	MD	  	 	1.166	  	  	Luke Paper Company	  	08020027
	L183	  	Rebuck	  	Luke	  	Luke	  	Land along back Lineline of LTS 60 to 68 inc H/R Hill S/D	  	Allegany	  	MD	  	 	1.030	  	  	Luke Paper Company	  	08020159
	L184	  	Rebuck	  	Luke	  	Luke	  	W MD Rwy Lot Tri & 4th	  	Allegany	  	MD	  	 	1.953	  	  	Luke Paper Company	  	08020175
	L185	  	Rebuck	  	Luke	  	Luke	  	130 Mullan Ave	  	Allegany	  	MD	  	 	0.133	  	  	Luke Paper Company	  	08020310
	L186	  	Rebuck	  	Luke	  	Luke	  	W/S Pratt St PT Lots 25-26	  	Allegany	  	MD	  	 	0.063	  	  	Luke Paper Company	  	08020493
	L187	  	Rebuck	  	Luke	  	Luke	  	W/S Pratt St PT Lots 27-28	  	Allegany	  	MD	  	 	0.131	  	  	Luke Paper Company	  	08020507
	L188	  	Rebuck	  	Luke	  	Luke	  	351 Nevison St	  	Allegany	  	MD	  	 	0.052	  	  	Luke Paper Company	  	08020531
	L189	  	Rebuck	  	Luke	  	Luke	  	104 Mullen Ave	  	Allegany	  	MD	  	 	0.053	  	  	Luke Paper Company	  	08020566
	L190	  	Rebuck	  	Luke	  	Luke	  	303 Fairview St Pt Lot 282	  	Allegany	  	MD	  	 	0.052	  	  	Luke Paper Company	  	08020817
	L191	  	Rebuck	  	Luke	  	Luke	  	417 Pratt St Lot 169	  	Allegany	  	MD	  	 	0.057	  	  	Luke Paper Company	  	08021090

																					
	L192	  	Rebuck	  	Luke	  	Luke	  	110 Mullen Ave	  	Allegany	  	MD	  	 	0.051	  	  	Luke Paper Company	  	08021104
	L193	  	Rebuck	  	Luke	  	Luke	  	112 Mullen Ave	  	Allegany	  	MD	  	 	0.053	  	  	Luke Paper Company	  	08021376
	L194	  	Rebuck	  	Luke	  	Luke	  	91 Mullen Ave Lot 28 Pt 27-29 Spangler	  	Allegany	  	MD	  	 	0.117	  	  	Luke Paper Company	  	08021384
	L195	  	Rebuck	  	Luke	  	Luke	  	424 Pratt St Lot 207	  	Allegany	  	MD	  	 	0.040	  	  	Luke Paper Company	  	08021473
	L196	  	Rebuck	  	Luke	  	Luke	  	422 Pratt St Lot 206	  	Allegany	  	MD	  	 	0.088	  	  	Luke Paper Company	  	08021503
	L197	  	Rebuck	  	Luke	  	Luke	  	Reeves Lot Vesternport Operating Land	  	Allegany	  	MD	  	 	5.910	  	  	Luke Paper Company	  	08021740
	L198	  	Rebuck	  	Luke	  	Luke	  	N/S State RT 136 2 1/2 MI W Rt 220 Irreg 60	  	Allegany	  	MD	  	 	0.501	  	  	Luke Paper Company	  	08022216
	L199	  	Rebuck	  	Luke	  	Luke	  	S/S Whippoorwill Lane LT 32 Sec I Horse Rock Hill	  	Allegany	  	MD	  	 	0.088	  	  	Luke Paper Company	  	08022267
	L200	  	Rebuck	  	Luke	  	Luke	  	E/S Cromwell St Lots 548 thru 441	  	Allegany	  	MD	  	 	0.278	  	  	Luke Paper Company	  	08022321
	L201	  	Rebuck	  	Luke	  	Luke	  	Luke W/S Peach Alleylley PT LT 707-708-709	  	Allegany	  	MD	  	 	0.055	  	  	Luke Paper Company	  	08022682
	L202	  	Rebuck	  	Luke	  	Luke	  	Pratt St Lots 29-30-31	  	Allegany	  	MD	  	 	0.172	  	  	Luke Paper Company	  	08023441
	L203	  	Rebuck	  	Luke	  	Luke	  	Portion of Railroad & Cromwell St	  	Allegany	  	MD	  	 	0.048	  	  	Luke Paper Company	  	08024219
	L204	  	Rebuck	  	Luke	  	Luke	  	Portion of Potomac St	  	Allegany	  	MD	  	 	0.021	  	  	Luke Paper Company	  	08024251
	L205	  	Rebuck	  	Luke	  	Luke	  	Route 135	  	Allegany	  	MD	  	 	2.740	  	  	Luke Paper Company	  	31004977
	L206	  	Rebuck	  	Luke	  	Luke	  	County Rd S/S Route 135	  	Allegany	  	MD	  	 	0.410	  	  	Luke Paper Company	  	31006112
	L207	  	Rebuck	  	Luke	  	Luke	  	RR RT 335	  	Allegany	  	MD	  	 	0.187	  	  	Luke Paper Company	  	31006368
	L208	  	Rebuck	  	Luke	  	Luke	  	N/S Route 135 LTS S 7-8-9-10-11 Lamberts 1st	  	Allegany	  	MD	  	 	0.689	  	  	Luke Paper Company	  	31006376
	L209	  	Rebuck	  	Luke	  	Luke	  	23306 Westernport RDT Rd	  	Allegany	  	MD	  	 	0.430	  	  	Luke Paper Company	  	31006384
	L210	  	Rebuck	  	Luke	  	Luke	  	State Rd Lots 5-6 McCoole	  	Allegany	  	MD	  	 	0.275	  	  	Luke Paper Company	  	31007410

																					
	L211	  	Rebuck	  	Luke	  	Luke	  	Lamberts 1st Addn Lots 3-4	  	Allegany	  	MD	  	 	0.587	  	  	Luke Paper Company	  	31007437
	L212	  	Rebuck	  	Luke	  	Luke	  	Lamberts 1st Addn ton to McCoole LT 12-13	  	Allegany	  	MD	  	 	0.275	  	  	Luke Paper Company	  	31007453
	L213	  	Rebuck	  	Luke	  	Luke	  	Route 135 Lot 2 Lamberts Addn	  	Allegany	  	MD	  	 	0.296	  	  	Luke Paper Company	  	31007461
	L214	  	Rebuck	  	Luke	  	Luke	  	N/S Route 135 Lots 14-15	  	Allegany	  	MD	  	 	0.275	  	  	Luke Paper Company	  	31007488
	L215	  	Rebuck	  	Luke	  	Luke	  	Westernport to McCoole Rd S/S Route 135	  	Allegany	  	MD	  	 	0.405	  	  	Luke Paper Company	  	31007976
	L216	  	Rebuck	  	Luke	  	Luke	  	State Rt 135 NR McCoole	  	Allegany	  	MD	  	 	0.039	  	  	Luke Paper Company	  	31008387
	L217	  	Rebuck	  	Luke	  	Luke	  	S/S Rt 156 BET WesternPort & McCoole	  	Allegany	  	MD	  	 	1.258	  	  	Luke Paper Company	  	31008670
	L218	  	Rebuck	  	Luke	  	Luke	  	x RT 135 & B & O RR	  		  	MD	  	 	1.820	  	  	Luke Paper Company	  	4006186
	L219	  	Rebuck	  	Luke	  	Luke	  	Savage River Blmtn	  		  	MD	  	 	134.440	  	  	Luke Paper Company	  	4004523
	L220	  	Rebuck	  	Luke	  	Luke	  	.23 AC Hans Crevy Ld	  	Mineral
County	  	WV	  	 	0.230	  	  	Luke Paper Company	  	7 0011 0001 0000
	L221	  	Rebuck	  	Luke	  	Luke	  	91.946 AC Houser LD	  	Mineral
County	  	WV	  	 	91.946	  	  	Luke Paper Company	  	11 0004 0000 0000
	L222	  	Rebuck	  	Luke	  	Luke	  	MR 45 AC McDonald LD	  	Mineral
County	  	WV	  	 	45.000	  	  	Luke Paper Company	  	9999 0615 0023 0000
	L223	  	Rebuck	  	Luke	  	Luke	  	014 AC Abandonded R/W	  	Mineral
County	  	WV	  	 	0.140	  	  	Luke Paper Company	  	1 0001 0004 0000
	L224	  	Rebuck	  	Luke	  	Luke	  	Fee 1.004 AC Hamp Hill Pied To EG RD	  	Mineral
County	  	WV	  	 	1.004	  	  	Luke Paper Company	  	3 0011 0002 0000
	L225	  	Rebuck	  	Luke	  	Luke	  	Surf 19.92 AC Hamp/Mary ourts Prop	  	Mineral
County	  	WV	  	 	19.920	  	  	Luke Paper Company	  	3 0012 0000 0000
	L226	  	Rebuck	  	Luke	  	Luke	  	Surf 2.27 AC Hampshire	  	Mineral
County	  	WV	  	 	2.270	  	  	Luke Paper Company	  	3 0014 0000 0000
	L227	  	Rebuck	  	Luke	  	Luke	  	Surf 1.17 AC Hampshire	  	Mineral
County	  	WV	  	 	1.170	  	  	Luke Paper Company	  	3 0014 0001 0000
	L228	  	Rebuck	  	Luke	  	Luke	  	Fee 120AC Pine Swamp Tasker	  	Mineral
County	  	WV	  	 	120.000	  	  	Luke Paper Company	  	5 0001 0000 0000
	L229	  	Rebuck	  	Luke	  	Luke	  	.8 AC Nally Land/Braithwaite Gary LD	  	Mineral
County	  	WV	  	 	0.800	  	  	Luke Paper Company	  	5 0003 0001 0000
	L230	  	Rebuck	  	Luke	  	Luke	  	Surf 1AC Nally LD NR Cross	  	Mineral
County	  	WV	  	 	1.000	  	  	Luke Paper Company	  	6 0007 0000 0000

																					
	L231	  	Rebuck	  	Luke	  	Luke	  	Surf 1.01 AC Nr Cross on Tasker Rd	  	Mineral County	  	WV	  	 	1.010	  	  	Luke Paper Company	  	6 0008 0000 0000
	L232	  	Rebuck	  	Luke	  	Luke	  	MR PT LT 11 Beryl/.19 AC/Alston Ward	  	Mineral County	  	WV	  	 	0.190	  	  	Luke Paper Company	  	9999 0603 9020 0000
	L233	  	Rebuck	  	Luke	  	Luke	  	MR 14.75 AC PEA Vine Bottom under 85.12 AC/14.74 Coal @ 324	  	Mineral County	  	WV	  	 	14.750	  	  	Luke Paper Company	  	9999 0616 8461 0000
	L234	  	Rebuck	  	Luke	  	Luke	  	0.015617 Interest TG&C Coal Co OGM Well #154	  	Mineral County	  	WV	  	 	0.016	  	  	Luke Paper Company	  	9999 0200 6019 0000
	L235	  	Rebuck	  	Luke	  	Luke	  	0.008494 Interest TG&C Coal Co OGM Well #154	  	Mineral County	  	WV	  	 	0.008	  	  	Luke Paper Company	  	9999 0200 6020 0000
	L236	  	Rebuck	  	Luke	  	Luke	  	0.000436 Interest TG&C Co OGM Well #154	  	Mineral County	  	WV	  	 	0.0004360	  	  	Luke Paper Company	  	9999 0200 6021 0000
	L237	  	Rebuck	  	Luke	  	Luke	  	Suf 5.069 AC Nally TR W/Exception of Line Easement	  	Mineral County	  	WV	  	 	5.069	  	  	Luke Paper Company	  	3 0018 0000 0000
	L238	  	Rebuck	  	Luke	  	Luke	  	LTS 608-609&PT610-640to643 (2-4)679to684 (4-112)NCCM	  	Mineral County	  	WV	  	 	1.100	  	  	Luke Paper Company	  	2 0004 0000 0000
	L239	  	Rebuck	  	Luke	  	Luke	  	3.582 AC B&O LD ADJ BD OF ED PROP NCCO	  	Mineral County	  	WV	  	 	3.582	  	  	Luke Paper Company	  	1 0001 0000 0000
	L240	  	Rebuck	  	Luke	  	Luke	  	2.5426 AC B&O LD NCCO	  	Mineral County	  	WV	  	 	2.543	  	  	Luke Paper Company	  	1 0002 0000 0000
	L241	  	Rebuck	  	Luke	  	Luke	  	Lot 371 Harr St NCCM	  	Mineral County	  	WV	  	 	0.060	  	  	Luke Paper Company	  	1 0178 0000 0000
	L242	  	Rebuck	  	Luke	  	Luke	  	LTS 533-534-534 NCCM	  	Mineral County	  	WV	  	 	0.140	  	  	Luke Paper Company	  	1 0193 0000 0000
	L243	  	Rebuck	  	Luke	  	Luke	  	LTS621-628&659-665(1-206)LTS644-658(2-3)685-699(4-113)&LTS602-607(2-10)Frederick St	  	Mineral County	  	WV	  	 	2.600	  	  	Luke Paper Company	  	1 0206 0000 0000
	L244	  	Rebuck	  	Luke	  	Luke	  	LTS 644 thru 658 Frederick St NCCO	  	Mineral County	  	WV	  	 	0.000	  	  	Luke Paper Company	  	2 0003 0000 0000 - acreage included in 0206 0000 0000
	L245	  	Rebuck	  	Luke	  	Luke	  	PT LT 28 & ADJ Downeys Parcel 2/3.44 AC Cal	  	Mineral County	  	WV	  	 	3.440	  	  	Luke Paper Company	  	2 0005 0000 0000

																					
	L246	  	Rebuck	  	Luke	  	Luke	  	LTS 13 to 20 INC & LT 22 Hamp St NCCM	  	Mineral County	  	WV	  	 	0.520	  	  	Luke Paper Company	  	3 0008 0000 0000
	L247	  	Rebuck	  	Luke	  	Luke	  	2.25AC MCD Surface only	  	Mineral County	  	WV	  	 	2.250	  	  	Luke Paper Company	  	4 0108 0000 0000
	L248	  	Rebuck	  	Luke	  	Luke	  	4.6AC Bet B&O RR & River MCD at Projection of Westernport 4th st with W VA	  	Mineral County	  	WV	  	 	4.600	  	  	Luke Paper Company	  	4 0001 0000 0000
	L249	  	Rebuck	  	Luke	  	Luke	  	Improvements 134.44 Savage River at Bloomington	  	Garrett Co.	  	MD	  	 	134.440	  	  	Luke Paper Company	  	Account 4004523 Deed 961/660
	L250	  	Rebuck	  	Luke	  	Luke	  	N/S PE WE R1 MT E R 38 Kitzmiller	  	Garrett Co.	  	MD	  	 	285.250	  	  	Luke Paper Company	  	Account 13004889 Deed 961/660
	L251	  	Rebuck	  	Luke	  	Luke	  	S/S Vindex R E Vindex	  	Garrett Co.	  	MD	  	 	4.650	  	  	Luke Paper Company	  	Account 1003852 Deed 961/660
	L252	  	Rebuck	  	Luke	  	Luke	  	End Vindex R E Vindex	  	Garrett Co.	  	MD	  	 	50.380	  	  	Luke Paper Company	  	Account 1001663 Deed 961/660
	L253	  	Rebuck	  	Luke	  	Luke	  	0.6 MT S MT ZN R R 135 MT. ZION	  	Garrett Co.	  	MD	  	 	100.000	  	  	Luke Paper Company	  	Account 1005138 Deed 961/660
	L254	  	Rebuck	  	Luke	  	Luke	  	1.35 A 475 A Coal SE/S RT 135 VINDEX	  	Garrett Co.	  	MD	  	 	1.350	  	  	Luke Paper Company	  	Account 1004034 Deed 961/660
	L255	  	Rebuck	  	Luke	  	Luke	  	311.59 A. S/S MT ZION R S RT 135, MT ZION	  	Garrett Co.	  	MD	  	 	311.590	  	  	Luke Paper Company	  	Account 1006819 Deed 961/660
	L256	  	Rebuck	  	Luke	  	Luke	  	90.33 A, N/S MT ZN R E RT 135	  	Garrett Co.	  	MD	  	 	90.330	  	  	Luke Paper Company	  	Account 1006835 Deed 961/660
	L257	  	Rebuck	  	Luke	  	Luke	  	925.35 A 2299.64 A C, N/S POTOMAC R E MANOR HI, SHAW	  	Garrett Co.	  	MD	  	 	925.350	  	  	Luke Paper Company	  	Account 1006967 Deed 961/660
	L258	  	Rebuck	  	Luke	  	Luke	  	8.76 A, N/S MT ZION R E R 135, MT ZIION	  	Garrett Co.	  	MD	  	 	8.760	  	  	Luke Paper Company	  	Account 1008412 Deed 961/660
	L259	  	Rebuck	  	Luke	  	Luke	  	N/A WALNUT BOT R E RT 135, WALNUT BOTTOM	  	Garrett Co.	  	MD	  	 	25.000	  	  	Luke Paper Company	  	Account 1008420 Deed 961/660
	L260	  	Rebuck	  	Luke	  	Luke	  	1.82 AC, X RT 135 & B&O RR, BLOOMINGTON	  	Garrett Co.	  	MD	  	 	1.820	  	  	Luke Paper Company	  	Account 4006186 Deed 961/660

																					
	L261	  	Rebuck	  	Luke	  	Luke	  	1287.18 A, N/S SAV RIV & B&O RR, BLOOMINGTON	  	Garrett Co.	  	MD	  	 	1287.180	  	  	Luke Paper Company	  	Account 4005961 Deed 961/660
	WR6	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Mill)	  	310 3rd Ave. N.; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	4.44	  	  	NewPage Wisconsin System Inc.	  	3401767
	WR6	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Mill)	  	310 3rd Ave. N.; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	29.73	  	  	NewPage Wisconsin System Inc.	  	3402440
	WR6	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Mill)	  	310 3rd Ave. N.; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	28.28	  	  	NewPage Wisconsin System Inc.	  	3402445
	WR7	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Fiber & Energy Mill)	  	950 Fourth Ave. N.; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	32.88	  	  	NewPage Wisconsin System Inc.	  	3400557
	WR7	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Fiber & Energy Mill)	  	950 Fourth Ave. N.; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	37.15	  	  	NewPage Wisconsin System Inc.	  	3400559
	WR7	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Fiber & Energy Mill)	  	950 Fourth Ave. N.; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	2.48	  	  	NewPage Wisconsin System Inc.	  	3401485
	WR7	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Fiber & Energy Mill)	  	950 Fourth Ave. N.; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	21.86	  	  	NewPage Wisconsin System Inc.	  	3401504
	WR7	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Fiber & Energy Mill)	  	950 Fourth Ave. N.; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	181.00	  	  	NewPage Wisconsin System Inc.	  	3402435
	WR7a	  	Hayden-
6090	  	WR	  	Wisconsin Rapids Rental Property	  	910 Jefferson St - Rental property	  	Wisconsin
Rapids	  	WI	  	 	0.90	  	  	NewPage Wisconsin System Inc.	  	3401448
	WR7b	  	Hayden-
6090	  	WR	  	Wisconsin Rapids Rental Property	  	831 Brown St - Rental property	  	Wisconsin
Rapids	  	WI	  	 	0.23	  	  	NewPage Wisconsin System Inc.	  	3401432
	WR8	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Transportation Center)	  	1300 Fifth Ave. N.; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	5.79	  	  	NewPage Wisconsin System Inc.	  	3401509
	WR9	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Support Services)	  	700 Dura Beauty Ln.; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	1.59	  	  	NewPage Wisconsin System Inc.	  	3401815
	WR9	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Support Services)	  	700 Dura Beauty Ln.; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	18.48	  	  	NewPage Wisconsin System Inc.	  	3401451

																					
	WR10	  	Hayden-
1500	  	WR	  	Wisconsin Rapids, Wisconsin (Office Services) - this is admin, not WRM	  	510 High St.; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	1.07	  	  	NewPage Wisconsin System Inc.	  	3401752
	WR11	  	Hayden-
1500	  	WR	  	Wisconsin Rapids, Wisconsin (River Block Office Building) - this is admin, not WRM	  	111 W. Jackson Street; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	1.38	  	  	NewPage Wisconsin System Inc.	  	3402465
	WR11A	  	Hayden-
1500	  	WR	  	Wisconsin Rapids, Wisconsin (Baldwin Bldg.) -this is admin, not WRM	  	300 W. Jackson St.; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	3.31	  	  	NewPage Wisconsin System Inc.	  	3402526
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	37.62	  	  	NewPage Wisconsin System Inc.	  	3400310
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	40.00	  	  	NewPage Wisconsin System Inc.	  	1700571
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	8.76	  	  	NewPage Wisconsin System Inc.	  	1700572
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	57.86	  	  	NewPage Wisconsin System Inc.	  	1700575
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	47.42	  	  	NewPage Wisconsin System Inc.	  	1700576
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	10.00	  	  	NewPage Wisconsin System Inc.	  	1700577
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	5.08	  	  	NewPage Wisconsin System Inc.	  	1700578
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	12.00	  	  	NewPage Wisconsin System Inc.	  	3400305

																					
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	40.00	  	  	NewPage Wisconsin System Inc.	  	3400306
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	40.00	  	  	NewPage Wisconsin System Inc.	  	3400307
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	40.00	  	  	NewPage Wisconsin System Inc.	  	3400308
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	40.00	  	  	NewPage Wisconsin System Inc.	  	3400309
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	39.01	  	  	NewPage Wisconsin System Inc.	  	3400311
	WR12	  	Hayden-
6090	  	WR	  	Wisconsin Rapids, Wisconsin (Water Quality Center)	  	2811 5th Ave. No.; Wisconsin Rapids, Wisconsin 54495	  	Wisconsin
Rapids	  	WI	  	 	23.23	  	  	NewPage Wisconsin System Inc.	  	3400312
	WR17	  	Hayden-
6090	  	WR	  	Wisconsin Rapids vacant lot	  	1711 5th Ave; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	0.32	  	  	NewPage Wisconsin System Inc.	  	34-00336
	WR18	  	Hayden-
6090	  	WR	  	Wisconsin Rapids vacant lot	  	1831 5th Ave; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	0.32	  	  	NewPage Wisconsin System Inc.	  	34-00343
	WR19	  	Hayden-
6090	  	WR	  	Wisconsin Rapids vacant lot	  	1920 6th Ave; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	0.24	  	  	NewPage Wisconsin System Inc.	  	34-00352
	WR20	  	Hayden-
6090	  	WR	  	Wisconsin Rapids vacant lot	  	1910 6th Ave; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	0.24	  	  	NewPage Wisconsin System Inc.	  	34-00353

																					
	WR21	  	Hayden-
6090	  	WR	  	Wisconsin Rapids vacant lot	  	C-Wis Rapids Walter Krupka Subd Lot 6,Blk 1	  	Wisconsin
Rapids	  	WI	  	 	0.16	  	  	NewPage Wisconsin System Inc.	  	34-00361
	WR22	  	Hayden-
6090	  	WR	  	Wisconsin Rapids vacant lot	  	1740 6th Ave; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	0.16	  	  	NewPage Wisconsin System Inc.	  	34-00362
	WR23	  	Hayden-
6090	  	WR	  	Wisconsin Rapids vacant lot	  	1730 6th Ave; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	0.16	  	  	NewPage Wisconsin System Inc.	  	34-00363
	WR24	  	Hayden-
6090	  	WR	  	Wisconsin Rapids vacant lot	  	1840 6th Ave; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	0.18	  	  	NewPage Wisconsin System Inc.	  	34-00366
	WR25	  	Hayden-
6090	  	WR	  	Wisconsin Rapids vacant lot	  	C-Wis Rapids that prt SESE Sec 6-22-6E Com 60’ N of Intersec NLN Pierce & ELN 6th St, N 80’ E 132’, S 80’ W 132’ To POB, BNG Parcel 2 of
J Benkowski CSM 1	  	Wisconsin
Rapids	  	WI	  	 	0.24	  	  	NewPage Wisconsin System Inc.	  	34-00367
	WR26	  	Hayden-
6090	  	WR	  	Wisconsin Rapids vacant lot	  	540 Pierce St; Wisconsin Rapids, WI 54495	  	Wisconsin
Rapids	  	WI	  	 	0.21	  	  	NewPage Wisconsin System Inc.	  	34-00368
	WR27	  	Hayden-
6090	  	WR	  	Wisconsin Rapids vacant lot	  	620 Adams St	  	Wisconsin
Rapids	  	WI	  	 	0.27	  	  	NewPage Wisconsin System Inc.	  	34-01472

																					
	WR28	  	Hayden-
6090	  	WR	  	Wisconsin Rapids vacant lot	  	630 Adams St	  	Wisconsin
Rapids	  	WI	  	 	0.4	  	  	NewPage Wisconsin System Inc.	  	34-01473
	WR29	  	Hayden-
6090	  	WR	  	Wisconsin Rapids vacant lot	  	640 Adams St	  	Wisconsin
Rapids	  	WI	  	 	0.3	  	  	NewPage Wisconsin System Inc.	  	34-01474
	WR30	  	Hayden-
6090	  	WR	  	Wisconsin Rapids vacant lot	  	650 Adams St	  	Wisconsin
Rapids	  	WI	  	 	0.32	  	  	NewPage Wisconsin System Inc.	  	34-01475
	WR31	  	Hayden-
6090	  	WR	  	Wisconsin Rapids - leased to Specialty Minerals for carbonate plant	  	C-Wis Rapids (spec. Min. Lease) Wis Rapids Redevelopment Add #1 Prt of Lot 3 & Vac St NKA Outlook 3 of WCCSM 4268	  	Wisconsin
Rapids	  	WI	  	 	0.76	  	  	NewPage Wisconsin System Inc.	  	34-01511
	WR32	  	Hayden-
6090	  	WR	  	Wisconsin Rapids vacant lot	  	611 High St	  	Wisconsin
Rapids	  	WI	  	 	0.3	  	  	NewPage Wisconsin System Inc.	  	34-01867
	WR33	  	Hayden-
6090	  	WR	  	Biron Sulphite Pipeline	  	C-Wis Rapits (Sulphite Pipeline) Scott & Martin Add the NLY 25’ of Lot 2, All of Lot 3 & SLY 75’ of Lots 5 & 6, Blk 2; & 1/2 vac Alley adj
to SD lots	  	Wisconsin
Rapids	  	WI	  	 	0.43	  	  	NewPage Wisconsin System Inc.	  	34-05434
	WR34	  	Hayden-
1500	  	WR	  		  	214 1st St	  	Wisconsin
Rapids	  	WI	  	 	7.02	  	  	NewPage Wisconsin System Inc.	  	3400319
	WR35	  	Hayden-
1500	  	WR	  	Marsh land that is vacant	  	C-Wis Rapids that Prt of the N 1/2 SW Sec 6-22-6E Located N of RR Row	  	Wisconsin
Rapids	  	WI	  	 	4.44	  	  	NewPage Wisconsin System Inc.	  	3400320

																					
	WR36	  	Hayden-
1500	  	WR	  	Marsh land that is vacant	  	C-Wis Rapids Prt N 1/2 SW Sec 6-22-6E Located S & E of RR Row & W of Bownow Ave & Cranmoore Ditch	  	Wisconsin
Rapids	  	WI	  	 	35.37	  	  	NewPage Wisconsin System Inc.	  	34-00325
	WR37	  	Hayden-
1500	  	WR	  	Marsh land that is vacant	  	C-Wis Rapids Prt of NWSE & N 1/2 SW 1/4 Sec 6-22-6E located E of Cranmoore Ditch & Sly of Bonow Ave	  	Wisconsin
Rapids	  	WI	  	 	16.75	  	  	NewPage Wisconsin System Inc.	  	34-00326
	WR38	  	Hayden-
1500	  	WR	  	Vacant Lot of Mixed Woodlands and Marsh	  	C-Wis Rapids, PRT NESE Sec 6-22-6E NKA Lot 1 WCCSM 4699 & PRT Govt Loc 4 Sec 5-22-6E LYG N of HWY 34 & Vac 5th Ave N Lyg N of HWY 34 Exc W 33’ X
132’ LYG Adj to Cranmoor Ditch Exc OL 2 CSM 5795 Vac Land	  	Wisconsin
Rapids	  	WI	  	 	29.58	  	  	NewPage Wisconsin System Inc.	  	34-00331
	WR39	  	Hayden-
1500	  	WR	  	Vacant Lot of Mixed Woodlands and Marsh	  	C-Wis Rapids (Bonow Ave) Prt NWSE Sec 6-22-6E NKA Lot 1 of WCCSM #5615	  	Wisconsin
Rapids	  	WI	  	 	7	  	  	NewPage Wisconsin System Inc.	  	34-00332
	WR40	  	Hayden-
1500	  	WR	  	Vacant Lot in Residential Area	  	1710 6th Ave	  	Wisconsin
Rapids	  	WI	  	 	0.16	  	  	NewPage Wisconsin System Inc.	  	34-00335
	WR41	  	Hayden-
1500	  	WR	  	Vacant Lot in Residential Area	  	1721 5th Ave.	  	Wisconsin
Rapids	  	WI	  	 	0.16	  	  	NewPage Wisconsin System Inc.	  	34-00338
	WR42	  	Hayden-
1500	  	WR	  	Vacant Lot in Residential Area	  	1731 5th Ave	  	Wisconsin
Rapids	  	WI	  	 	0.32	  	  	NewPage Wisconsin System Inc.	  	34-00339

																					
	WR43	  	Hayden-
1500	  	WR	  	Vacant Lot in Residential Area	  	1811 5th Ave	  	Wisconsin
Rapids	  	WI	  	 	0.24	  	  	NewPage Wisconsin System Inc.	  	34-00341
	WR44	  	Hayden-
1500	  	WR	  	Vacant Lot in Residential Area	  	1821 5th Ave	  	Wisconsin
Rapids	  	WI	  	 	0.24	  	  	NewPage Wisconsin System Inc.	  	34-00342
	WR45	  	Hayden-
1500	  	WR	  	Vacant Lot in Residential Area	  	1911 5th Ave	  	Wisconsin
Rapids	  	WI	  	 	0.32	  	  	NewPage Wisconsin System Inc.	  	34-00345
	WR46	  	Hayden-
1500	  	WR	  	Vacant Lot in Residential Area - West Side Assessor Plat - Lot on 6th Avenue North	  	C-Wis Rapids WS ASR Plt 12 Lot 9	  	Wisconsin
Rapids	  	WI	  	 	0.16	  	  	NewPage Wisconsin System Inc.	  	34-00347
	WR47	  	Hayden-
1500	  	WR	  	Vacant Lot in Residential Area	  	1950 6th Ave	  	Wisconsin
Rapids	  	WI	  	 	0.16	  	  	NewPage Wisconsin System Inc.	  	34-00350
	WR48	  	Hayden-
1500	  	WR	  	Vacant Lot in Residential Area - West Side Assessor Plat - Lot on 6th Avenue North	  	C-Wis Rapids WS ASR Plt 12 Lot 12	  	Wisconsin
Rapids	  	WI	  	 	0.16	  	  	NewPage Wisconsin System Inc.	  	34-00351
	WR49	  	Hayden-
1500	  	WR	  	Vacant Lot in Residential Area	  	2021 5th Ave	  	Wisconsin
Rapids	  	WI	  	 	0.18	  	  	NewPage Wisconsin System Inc.	  	34-00356
	WR50	  	Hayden-
1500	  	WR	  	Vacant Lot in Residential Area	  	1720 6th Ave	  	Wisconsin
Rapids	  	WI	  	 	0.16	  	  	NewPage Wisconsin System Inc.	  	34-00364
	WR51	  	Hayden-
1500	  	WR	  	Vacant Lot in Residential Area	  	1850 5th Ave	  	Wisconsin
Rapids	  	WI	  	 	0.16	  	  	NewPage Wisconsin System Inc.	  	34-00365
	WR52	  	Hayden-
1500	  	WR	  	Vacant Lot in Residential Area	  	C-Wis Rapids Walter Krupka Subd Lots, 6,7,8,9, and 10 Blk 4	  	Wisconsin
Rapids	  	WI	  	 	0.8	  	  	NewPage Wisconsin System Inc.	  	34-00369
	WR53	  	Hayden-
1500	  	WR	  	Vacant Lot in Residential Area	  	C-Wis Rapids Walter Krupka Subd Lots, 1,2,3,4,&5 Blk 5 Exc Hwy Row	  	Wisconsin
Rapids	  	WI	  	 	0.18	  	  	NewPage Wisconsin System Inc.	  	34-00373
	WR54	  	Hayden-
1500	  	WR	  	Vacant Lot in Residential Area	  	1911 6th Ave	  	Wisconsin
Rapids	  	WI	  	 	0.53	  	  	NewPage Wisconsin System Inc.	  	34-00375

																					
	WR55	  	Hayden-
1500	  	WR	  	Vacant Lot in Residential Area	  	C-Wis Rapids Walter Krupka Subd Lots, 1,2,3,4,&5 Blk 7 Exc Hwy Row	  	Wisconsin
Rapids	  	WI	  	 	0.67	  	  	NewPage Wisconsin System Inc.	  	34-00384
	WR56	  	Hayden-
1500	  	WR	  	Vacant Lot in Residential Area	  	1721 6th Ave	  	Wisconsin
Rapids	  	WI	  	 	0.64	  	  	NewPage Wisconsin System Inc.	  	34-00392
	WR57	  	Hayden-
1500	  	WR	  	Marsh land that is vacant	  	C-Wis Rapids SWSE Sec 6-22-6E Lot 1 -34.7 Acres-Exc that prt in V.323 P.240 & Ex Hwy	  	Wisconsin
Rapids	  	WI	  	 	32.06	  	  	NewPage Wisconsin System Inc.	  	34-00415
	WR58	  	Hayden-
1500	  	WR	  	Marsh land that is vacant	  	C-Wis Rapids S 1/2 SW Sec 6-22-6E COM 150’ E of NW Cor, S 253’, Sely 628.4’, N 767.6’ W 331’ to Pop	  	Wisconsin
Rapids	  	WI	  	 	4.38	  	  	NewPage Wisconsin System Inc.	  	34-00424
	WR59	  	Hayden-
1500	  	WR	  	Marsh land that is vacant	  	C-Wis Rapids S 1/2 SW Sec 6-22-6E Lot 1 except W 481’ -35.9 Acres-All Lot 2 -8.2 Acres-Except Cranmoor Ditch, EXC Hwy	  	Wisconsin
Rapids	  	WI	  	 	44.1	  	  	NewPage Wisconsin System Inc.	  	34-00425
	WR60	  	Hayden-
1500	  	WR	  	Woodland Near Water Quality Center	  	C-Wis Rapids PRT SWSW Sec 32-23-6E NKA Lot 1 of WCCSM #4020	  	Wisconsin
Rapids	  	WI	  	 	40	  	  	NewPage Wisconsin System Inc.	  	34-00426
	WR61	  	Hayden-
1500	  	WR	  	Woodland Near Water Quality Center	  	C-Wis Rapids NWNW Sec 5-22-6E Exc St Vac Land	  	Wisconsin
Rapids	  	WI	  	 	40	  	  	NewPage Wisconsin System Inc.	  	34-00427

																					
	WR62	  	Hayden-
1500	  	WR	  	Woodland Near Water Quality Center	  	C-Wis Rapids all that Prt WS ASR PLT#2 & E 1/2 Vac 5th Ave N Lyg N of RR Row exc ST Row Located in the SWNW Sec 5-22-6E Vac Land	  	Wisconsin
Rapids	  	WI	  	 	23.81	  	  	NewPage Wisconsin System Inc.	  	34-00446
	WR63	  	Hayden-
1500	  	WR	  	Marsh land that is vacant	  	C-Wis Rapids Lyon Land Co 4th Add.All Blk 3	  	Wisconsin
Rapids	  	WI	  	 	6	  	  	NewPage Wisconsin System Inc.	  	34-01395
	WR64	  	Hayden-
1500	  	WR	  	Marsh land that is vacant	  	C-Wis Rapids WS ASR Plt 10 Lot 11	  	Wisconsin
Rapids	  	WI	  	 	6.89	  	  	NewPage Wisconsin System Inc.	  	34-01425
	WR65	  	Hayden-
1500	  	WR	  	Wood land that is vacant	  	C-Wis Rapids WS Asr Plt 10 Lot 12	  	Wisconsin
Rapids	  	WI	  	 	4.06	  	  	NewPage Wisconsin System Inc.	  	34-01426
	WR66	  	Hayden-
1500	  	WR	  	Wood land that is vacant	  	C-Wis Rapids WS Asr Plt 10 Lot 14	  	Wisconsin
Rapids	  	WI	  	 	1.32	  	  	NewPage Wisconsin System Inc.	  	34-01431
	WR67	  	Hayden-
1500	  	WR	  	Wood land that is vacant	  	C-Wis Rapids WS Asr Plt 10 Lot 16	  	Wisconsin
Rapids	  	WI	  	 	0.3	  	  	NewPage Wisconsin System Inc.	  	34-01433
	WR68	  	Hayden-
1500	  	WR	  	Wood land that is vacant	  	C-Wis Rapids WS Asr Plt 10 Lot 17	  	Wisconsin
Rapids	  	WI	  	 	1.71	  	  	NewPage Wisconsin System Inc.	  	34-01434
	WR69	  	Hayden-
1500	  	WR	  	Wood land that is vacant	  	C-Wis Rapids WS ASR Plt # 10 lot 23	  	Wisconsin
Rapids	  	WI	  	 	1.87	  	  	NewPage Wisconsin System Inc.	  	34-01443
	WR70	  	Hayden-
1500	  	WR	  	Wood land that is vacant	  	C-Wis Rapids Wood Co. ADDN All of BLK 6	  	Wisconsin
Rapids	  	WI	  	 	2.46	  	  	NewPage Wisconsin System Inc.	  	34-01455
	WR71	  	Hayden-
1500	  	WR	  	Wood land that is vacant	  	C-Wis Rapids Wood CO Addn Blk 7 Except the S 33.7’ of lot 15 & Exc Hwy	  	Wisconsin
Rapids	  	WI	  	 	3.93	  	  	NewPage Wisconsin System Inc.	  	34-01460

																					
	WR72	  	Hayden-
1500	  	WR	  	Vacant Lot	  	C-Wis Rapids WS ASR Plt # 13 Lot 2, Exc 448 SQ Ft for St Row and PRT Lots 2 and 4 NKA Lot 1 of WCCSM 6278	  	Wisconsin
Rapids	  	WI	  	 	1.15	  	  	NewPage Wisconsin System Inc.	  	34-01471
	WR73	  	Hayden-
1500	  	WR	  	Vacant Lot	  	710 Adams St	  	Wisconsin
Rapids	  	WI	  	 	0.32	  	  	NewPage Wisconsin System Inc.	  	34-01476
	WR74	  	Hayden-
1500	  	WR	  	Vacant Lot	  	C-Wis Rapids Daly & Sampson Add Lots 10, 11, & 12 BLK 211	  	Wisconsin
Rapids	  	WI	  	 	0.45	  	  	NewPage Wisconsin System Inc.	  	34-01714
	WR75	  	Hayden-
1500	  	WR	  	Vacant Lot	  	C-Wis Rapids Daly & Sampson Add BLK 22	  	Wisconsin
Rapids	  	WI	  	 	0.81	  	  	NewPage Wisconsin System Inc.	  	34-01715
	WR76	  	Hayden-
1500	  	WR	  	Vacant Lot	  	550 Fremont St	  	Wisconsin
Rapids	  	WI	  	 	1.46	  	  	NewPage Wisconsin System Inc.	  	34-01775
	WR77	  	Hayden-
1500	  	WR	  	Parking Lot North of River Block	  	C-Wis Rapids TID & that part BLK ^ LYG partley in Centralia Plat & Scott & Jackson ADD NKA Lot 2 WCCSM#7893	  	Wisconsin
Rapids	  	WI	  	 	0.71	  	  	NewPage Wisconsin System Inc.	  	34-02450
	WR78	  	Hayden-
1500	  	WR	  	River Block Parking Lot	  	111 W Grand Ave	  	Wisconsin
Rapids	  	WI	  	 	0.8	  	  	NewPage Wisconsin System Inc.	  	34-02490
	WR79	  	Hayden-
1500	  	WR	  	Overflow Parking for River Block	  	240 1st Ave	  	Wisconsin
Rapids	  	WI	  	 	0.31	  	  	NewPage Wisconsin System Inc.	  	34-02494
	WR80	  	Hayden-
1500	  	WR	  	Clay Pits for Water Quality Center north of Rudolph	  	S4 T23 R6E NE FR NE, EXC WCCSM # 7786	  	Wisconsin
Rapids	  	WI	  	 	48.32	  	  	NewPage Wisconsin System Inc.	  	17-00059
	WR81	  	Hayden-
1500	  	WR	  	Clay Pits for Water Quality Center north of Rudolph	  	S4 T23 R6E That PRT of NE FR NW LYG E of RR R/W	  	Wisconsin
Rapids	  	WI	  	 	13.14	  	  	NewPage Wisconsin System Inc.	  	17-00063

																					
	WR82	  	Hayden-
1500	  	WR	  	Clay Pits for Water Quality Center north of Rudolph	  	S4 T23 R6E That PRT of SE NW LYG E of RR R/W	  	Wisconsin
Rapids	  	WI	  	 	26.52	  	  	NewPage Wisconsin System Inc.	  	17-00069
	WR83	  	Hayden-
1500	  	WR	  	Clay Pits for Water Quality Center north of Rudolph	  	S4 T23 R6E NW FR NE, EXC WCCSM #4763	  	Wisconsin
Rapids	  	WI	  	 	40.59	  	  	NewPage Wisconsin System Inc.	  	17-00060A
	WR84	  	Hayden-
1500	  	WR	  	Clay Pits for Water Quality Center north of Rudolph	  	S4 T23 R6E SW NE	  	Wisconsin
Rapids	  	WI	  	 	40	  	  	NewPage Wisconsin System Inc.	  	17-00061
	WR85	  	Hayden-
1500	  	WR	  	Clay Pits for Water Quality Center north of Rudolph	  	S4 T23 R6E SE NE, Exc Com SE Cor, N 486.78’, W 665.36’, S 474.26’. E 661.1’ to OPB & Exc WCCSM #7786	  	Wisconsin
Rapids	  	WI	  	 	8.66	  	  	NewPage Wisconsin System Inc.	  	17-00062B
	WR86	  	Hayden-
1500	  	WR	  	Wood and March Land Around Water Quality Center	  	S.31 T.23 R.6E lot 1 WCCSM #4585, Bgn Prt of SE NE & Prt of NE SE Conservancy Area	  	Wisconsin
Rapids	  	WI	  	 	23.48	  	  	NewPage Wisconsin System Inc.	  	17-00572B
	WR87	  	Hayden-
1500	  	WR	  	Wood and March Land Around Water Quality Center	  	S31 T23 R6E The E 330’ of N 220’ of ME SE. EXC Hwy	  	Wisconsin
Rapids	  	WI	  	 	1.66	  	  	NewPage Wisconsin System Inc.	  	17-00578A
	WR88	  	Hayden-
1500	  	WR	  	Wood and March Land Around Water Quality Center	  	S31 T23 R6E Prt of NE SE; the W 30 Acres and the S 430’ of E 330’ & exc WCCSM #4585	  	Wisconsin
Rapids	  	WI	  	 	28.96	  	  	NewPage Wisconsin System Inc.	  	17-00578B
	WR89	  	Hayden-
1500	  	WR	  	Wood and March Land Around Water Quality Center	  	S31 T23 R6E NW SE	  	Wisconsin
Rapids	  	WI	  	 	40	  	  	NewPage Wisconsin System Inc.	  	17-00579
	K1	  	Bouder	  	Kimberly	  		  	NewPage owns property and leases to Specialty Metals—land not sold with mill.	  	Kimberly	  	WI	  	 	0.93	  	  	NewPage Wisconsin System Inc.	  	250003400

																					
	K2	  	Bouder	  	Kimberly	  		  	NewPage owns property on E Glendale Avenue	  	Kimberly	  	WI	  	 	7.918	  	  	NewPage Wisconsin System Inc.	  	311431801
	R1	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	35 Hartford Street (Primary Site), Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	98.2	  	  	Rumford Paper Company	  	114-001
	R2	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	Peru Warehouse/Route 108, Peru, Oxford County, ME	  	Peru	  	ME	  	 	9.7	  	  	Rumford Paper Company	  	Concrete block warehouse; 8,200 sq.ft;Survey map Acme 12/1997;1st Am Title photo.
	R3	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	1596 State Route 2, Shelburne, Coos County, NH	  	Shelburne	  	NH	  	 	1275	  	  	Rumford Paper Company	  	Map 000005/Lot 000006. Large forested parcel that includes to Shelburne chip plant and Wood Procurement office
	R4	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	23 Bethel Road, West Paris, Oxford County, ME	  	West Paris	  	ME	  	 	0	  	  	Rumford Paper Company	  	Same as West Paris Woodyard, R24
	R5	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	676 Town Farm Road, Farmington, Franklin County, ME	  	Farmington	  	ME	  	 	43.6	  	  	Rumford Paper Company	  	Gordon Lot, adjacent to Farmington Lot R23. Tax Map R10-092
	R6	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	696 River Road, Route 201A (Zip: 04958), North Anson, Somerset County, ME (Part of North Anson Woodyard)	  	North
Anson	  	ME	  	 
 
 
 	part
of
larger
parcel	  
  
  
  	  	Rumford Paper Company	  	Woodyard scales & office, part of R25
	R7	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	Gilead Pile Down Yard, Gilead, Oxford County, ME	  	Gilead	  	ME	  	 	184	  	  	Rumford Paper Company	  	Map 1, Lot 48,50. Wood piledown area, bisected by railroad and highway; 1st Am Title photo; Acme Survey map 07/30/2003

																					
	R8	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	Vacant Lot (Malloy Construction), Route 2, Mexico, Oxford County, ME	  	Mexico	  	ME	  	 	3.38	  	  	Rumford Paper Company	  	Book 2383/P 79 / Parcel 2. Vacant Lot. Survey map by Acme 8/1998
	R9	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	Parking Area on River /River Road, Mexico, Oxford County, ME	  	Mexico	  	ME	  	 	0.11	  	  	Rumford Paper Company	  	Lot 7/Map 18. Paved parking area. Survey map 07/08/1985
	R10	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	4 Everett Road, West Paris, Oxford County, ME	  	West
Paris	  	ME	  	 	1.89	  	  	Rumford Paper Company	  	Map/Lot: 012-007-015. Wood Procurement Office and adjacent lots. Survey map & 1st Am Title photo
	R10	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	4 Everett Road, West Paris, Oxford County, ME	  	West
Paris	  	ME	  	 	1.01	  	  	Rumford Paper Company	  	Map/Lot: 012-007-012. Wood Procurement Office and adjacent lots. Survey map & 1st Am Title photo
	R10	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	4 Everett Road, West Paris, Oxford County, ME	  	West
Paris	  	ME	  	 	1.12	  	  	Rumford Paper Company	  	Map/Lot: 012-007-013. Wood Procurement Office and adjacent lots. Survey map & 1st Am Title photo
	R10	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	4 Everett Road, West Paris, Oxford County, ME	  	West
Paris	  	ME	  	 	1.86	  	  	Rumford Paper Company	  	Map/Lot: 012-007-014. Wood Procurement Office and adjacent lots. Survey map & 1st Am Title photo

																					
	R10	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	4 Everett Road, West Paris, Oxford County, ME	  	West
Paris	  	ME	  	 	1.91	  	  	Rumford Paper Company	  	Map/Lot: 012-007-017. Wood Procurement Office and adjacent lots. Survey map & 1st Am Title photo
	R10	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	4 Everett Road, West Paris, Oxford County, ME	  	West
Paris	  	ME	  	 	1.86	  	  	Rumford Paper Company	  	Map/Lot: 012-007-016. Wood Procurement Office and adjacent lots. Survey map & 1st Am Title photo
	R10	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	4 Everett Road, West Paris, Oxford County, ME	  	West
Paris	  	ME	  	 	1.18	  	  	Rumford Paper Company	  	Map/Lot: 012-007-011. Wood Procurement Office and adjacent lots. Survey map & 1st Am Title photo
	R11	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	Swift River Pumping Station, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	3.6	  	  	Rumford Paper Company	  	Met Tower lot. Portion of survey map 10/30/1992; 1st Am Title photo. Tax Map 113-330-TWR
	R12	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	223 River Road, Mexico, Oxford County, ME	  	Mexico	  	ME	  	 	8.8	  	  	Rumford Paper Company	  	Riverbank lot; no access.Mexico Tax Map 1, Lot 9
	R13	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	Canal Parking Lot (Part of Primary Site) /Railroad Street, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	1.82	  	  	Rumford Paper Company	  	Contractor parking lot; Interconnect substation; discontinued town way. Survey maps. Tax Map 118-001-A
	R13	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	Canal Parking Lot (Part of Primary Site) /Railroad Street, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	3.47	  	  	Rumford Paper Company	  	Contractor parking lot; Interconnect substation; discontinued town way. Survey maps. Tax Map 118-001

																					
	R14	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	Offsite Water Wells, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	0	  	  	Rumford Paper Company	  	Easement on Town of Rumford property; Portion of survey map 10/30/1992; 1st Am Title photo.
	R15	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	279 Main Street, Bingham, Somerset, ME	  	Bingham	  	ME	  	 	0.25	  	  	Rumford Paper Company	  	Vacant building. 0.25 ac +/-; 1st Am Title Map
	R16	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	Highland Terrace, Mexico, Oxford County, ME	  	Mexico	  	ME	  	 	5.6	  	  	Rumford Paper Company	  	Undeveloped parcel; Survey map & 1st Ame Title photo
	R17	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	4-Seasons Security Parcel/River Road, Mexico, Oxford County, ME	  	Mexico	  	ME	  	 	2.2	  	  	Rumford Paper Company	  	Book 1509/page 74. Part of access to Farrington Mountain Landfill Site. Survey map by Acme 06/04/1998.
	R18	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	Wyman Hill Road (East Hillside), Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	17.4	  	  	Rumford Paper Company	  	Map/Lot: 138-001. Vacant lot previously used for storage/laydown; 1st Am Title photo
	R19	  	Lyons	  	Rumford	  	Rumford Mill and Associated Real Property	  	East Hillside Parcel/Route 108, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	327.6	  	  	Rumford Paper Company	  	Forested parcel; 1st Am Title photo;Forest type map; survey maps. Tax Map 122-001
	R20	  	Lyons	  	Rumford	  	Rumford Landfills and Solid Waste Facilities	  	Farrington Mtn Landfill (Active), Mexico, Oxford County, ME	  	Mexico	  	ME	  	 	682	  	  	Rumford Paper Company	  	Active landfill; 1st Am Title photo. Tax records show 682 acres.

																					
	R21	  	Lyons	  	Rumford	  	Rumford Landfills and Solid Waste Facilities	  	Olsky Landfill (Closed) (same parcel as Ferrington Mtn.), Mexico, Oxford County, ME	  	Mexico	  	ME	  	 	1.17	  	  	Rumford Paper Company	  	Closed landfill with restrictive covenant. Survey map by Summit 04/05/2004
	R22	  	Lyons	  	Rumford	  	Rumford Woodyard Storage	  	Shelburne Woodyard, Shelburne, Coos County, NH	  	Shelburne	  	NH	  				  	Rumford Paper Company	  	Same as R3
	R23	  	Lyons	  	Rumford	  	Rumford Woodyard Storage	  	Farmington Woodyard, Farmington, Franklin County, ME	  	Farmington	  	ME	  	 	286.3	  	  	Rumford Paper Company	  	Original Farmington Lot, includes leased chip plant. Book 1631, pages 228-230
	R24	  	Lyons	  	Rumford	  	Rumford Woodyard Storage	  	West Paris Woodyard, West Paris, Oxford County, ME	  	West Paris	  	ME	  	 	49.81	  	  	Rumford Paper Company	  	Map/Lot: 012-065. Site leased to Midwest-Price Company for chip plant; Survey map & 1st Am Title photo
	R25	  	Lyons	  	Rumford	  	Rumford Woodyard Storage	  	North Anson Woodyard, North Anson, Somerset County, ME	  	North
Anson	  	ME	  	 	31	  	  	Rumford Paper Company	  	Map/Lot: 016 015. Woodyard with storage building. Survey map 8/14/84 & 1st Am Title photo. Part of R6.
	R26	  	Lyons	  	Rumford	  	Rumford Falls Power Company	  	Somerset Street, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	0.3	  	  	Rumford Paper Company	  	Vacant Lot. Tax Map 109-093. Back Lot
	R27	  	Lyons	  	Rumford	  	Rumford Falls Power Company	  	York/Kennebec Street, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	1	  	  	Rumford Paper Company	  	Vacant Lot. Tax Map 113-043
	R28	  	Lyons	  	Rumford	  	Rumford Falls Power Company	  	Kennebec/Somerset Street, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	0.4	  	  	Rumford Paper Company	  	Vacant Lot. Tax Map 113-043-001
	R29	  	Lyons	  	Rumford	  	Rumford Falls Power Company	  	Somerset Street, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	0.2	  	  	Rumford Paper Company	  	Vacant Lot. Tax Map 109-086. Back Lot

																					
	R30	  	Lyons	  	Rumford	  	Rumford Falls Power Company	  	Route 108, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	2.5	  	  	Rumford Paper Company	  	Vacant land, riverfront below Smiths Crossing. Tax Map 126-037
	R31	  	Lyons	  	Rumford	  	Rumford Falls Power Company	  	South Rumford Road, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	0.7	  	  	Rumford Paper Company	  	Vacant lot on Sth Rumford Road. Tax Map 129-007
	R32	  	Lyons	  	Rumford	  	Rumford Falls Power Company	  	Route 108, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	1.39	  	  	Rumford Paper Company	  	Riverbank parcel near Rt 108 and Wyman Hill Road junction. Tax Map 131-028
	R33	  	Lyons	  	Rumford	  	Rumford Falls Power Company	  	South Rumford Road, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	1.4	  	  	Rumford Paper Company	  	Vacant lot on Sth Rumford Road. Tax Map 125-004
	R34	  	Lyons	  	Rumford	  	Rumford Falls Power Company	  	Route 108, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	2.8	  	  	Rumford Paper Company	  	Riverbank parcel off Route 108. Tax Map 219-006
	R35	  	Lyons	  	Rumford	  	Rumford Falls Power Company	  	South Rumford Road, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	2.35	  	  	Rumford Paper Company	  	Vacant lot on South Rumford Road, contiguous with east Hillside parcel. Tax Map 125-002.
	R36	  	Lyons	  	Rumford	  	Rumford Falls Power Company	  	Prospect Ave, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	4.7	  	  	Rumford Paper Company	  	Parcel on Falls Hill. Tax Map 124-113
	R37	  	Lyons	  	Rumford	  	Rumford Falls Power Company	  	Dump Road, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	19.5	  	  	Rumford Paper Company	  	Parcel containing Mobile Garage, Long Log, Aspen woodyard and Trailer Pool, Tax Map 118-004
	R38	  	Lyons	  	Rumford	  	Rumford Falls Power Company	  	Vine & Willow Streets, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	5.8	  	  	Rumford Paper Company	  	Vacant parcel of RFPC lots that were never developed. Tax Map 116-001
	R39	  	Lyons	  	Rumford	  	Rumford Falls Power Company	  	Canal Street, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	0.05	  	  	Rumford Paper Company	  	L shaped parcel next to old CMP garage. Tax Map 117-281-A
	R40	  	Lyons	  	Rumford	  	Rumford Paper Company	  	Rumford Avenue, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	4.89	  	  	Rumford Paper Company	  	Rumford footbridge parking lot. Tax Map 113-332
	R41	  	Lyons	  	Rumford	  	Rumford Paper Company	  	Hutchinson Street, Mexico, Oxford County, ME	  	Mexico	  	ME	  	 	0.03	  	  	Rumford Paper Company	  	Hutchinson St/Osgood Ave vicinity. Map 23 Lot 1A.

																					
	R42	  	Lyons	  	Rumford	  	Rumford Paper Company	  	Rumford Avenue, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	0.9	  	  	Rumford Paper Company	  	Rumford footbridge north parcel. Tax Map 106-047
	R43	  	Lyons	  	Rumford	  	Rumford Paper Company	  	County Road, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	0.7	  	  	Rumford Paper Company	  	Lower gate parking lot. Tax Map 114-001-001
	R44	  	Lyons	  	Rumford	  	Rumford Paper Company	  	Congress Street, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	0.5	  	  	Rumford Paper Company	  	Parking lot behind Legion Hall. Tax Map 117-298
	R45	  	Lyons	  	Rumford	  	Rumford Paper Company	  	Route 108, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	7.2	  	  	Rumford Paper Company	  	Pine plantation on Upper Canal bank. Tax Map 121-045
	R46	  	Lyons	  	Rumford	  	Rumford Paper Company	  	Swift River, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	0.1	  	  	Rumford Paper Company	  	Hutchinson Purchase parcel on Swift River. Tax Map 110-066
	R47	  	Lyons	  	Rumford	  	Rumford Paper Company	  	Hancock Street, Rumford, Oxford County, ME	  	Rumford	  	ME	  	 	7.1	  	  	Rumford Paper Company	  	Riverbank parcel between Hancock St and Swift River near High School. Tax Map 106-047
	R48	  	Lyons	  	Rumford	  	Rumford Paper Company	  	Flood Street, Mexico, Oxford County, ME	  	Mexico	  	ME	  	 	0.64	  	  	Rumford Paper Company	  	Riverbank parcel at Swift & Androscoggin River confluence. Map 20 Lot 32
	R49	  	Lyons	  	Rumford	  	Rumford Paper Company	  	Farrington Mth Access Rpad, Mexico, Oxford County, ME	  	Mexico	  	ME	  	 	0.08	  	  	Rumford Paper Company	  	Farrington Mth Access RD lot abutting 4 Seasons lot. Map 12 Lot 35C
	R50	  	Lyons	  	Rumford	  	Rumford Paper Company	  	Carlton Ave, Mexico, Oxford County, ME	  	Mexico	  	ME	  	 	0.14	  	  	Rumford Paper Company	  	Swift River riverbank. Map 22 Lot 1A
	R51	  	Lyons	  	Rumford	  	Rumford Paper Company	  	Hutchinson Street, Mexico, Oxford County, ME	  	Mexico	  	ME	  	 	0.39	  	  	Rumford Paper Company	  	Swift River riverbank. Map 22 Lot 22A

 Leases, subleases or assignments of leases with respect to any material leasehold Real Estate Assets
pursuant to which any Credit Party is the tenant 
  

									
	 Lease Description
	  	 Contract

Effective
	  	 Contract

Expiration
	  	 Lease Address
	  	 Lease

Description/

Comments

	Agreement of Lease by and between NewPage Corporation and Bunnell Hill Development Co., Inc. dated November 3, 2006, as amended by the Amendment to the Agreement of Lease by
and between NewPage Corporation and Bunnell Hill Development Co., Inc. effective as of the date hereof	  	11/3/2006	  	8/31/2019	  	 8540 Gander
 Creek
Drive,
 Miamisburg, OH

45342
	  	 Lease of Real Property,

NewPage is the Lessee,
 Office Space
Rental

	Lease Agreement made and entered into between 1101 Perimeter L.L.C., a Delaware limited liability company (c/o Hamilton Partners, Inc.), and NewPage Corporation	  	8/1/2012	  	12/31/2017	  	 300 Park
 Boulevard,
Suite
 500, Itasca, IL

60143
	  	 Lease of real property,
 Lessee
(NewPage
 Corporation) Chicago Sales

Office

 Leases, subleases or assignments of leases with respect to any Material Real Estate Asset pursuant to which any Credit
Party is the landlord 
  

									
	 Debtor
	  	 Counterparty

Name
	  	Contract
Expiration Date	  	Address	  	Contract
Description/
Comments
	 NewPage Wisconsin
 System
Inc
	  	 Corenso North
 America
Corp.
	  		  	800 Fremont Street,
 Wisconsin Rapids,

WI 54495
	  	Non-residential Real
 Property Lease

Jackson Mills Lease
 NewPage is
Lessor

	 NewPage Wisconsin
 System
Inc
	  	 Corenso North
 America
Corp.
	  		  	800 Fremont Street,
 Wisconsin Rapids,

WI 54495
	  	Non-residential Real
 Property Lease

12 13 Paper Maching
Area
 - Lease in
Wisconsin
 Rapids mill
 NewPage is
Lessor

  
 4.12-2

 SCHEDULE 4.13 
 ENVIRONMENTAL MATTERS 
  

	1.	Any and all Recognized Environmental Conditions specifically identified in the following documents, to the extent of the knowledge available at the time the document
was created, are incorporated herein by reference: 

 Phase I Environmental Site Assessment and Material
Environmental Compliance Evaluation of Escanaba Paper Company, Escanaba, MI, prepared by ENSR Corporation, dated December 2004; 

Phase I Environmental Site Assessment and Material Environmental Compliance Evaluation of MeadWestvaco Maryland, Inc., Luke, Maryland, and
Beryl, West Virginia, prepared by ENSR Corporation, dated December 2004; Phase I Environmental Site Assessment and Material Environmental Compliance Evaluation of MeadWestvaco Oxford Corporation, Rumford Mill, Rumford, ME, prepared by ENSR
Corporation, dated December 2004; 
 Phase I Environmental Site Assessment and Material Environmental Compliance Evaluation of
MeadWestvaco Kentucky, L.P., Wickliffe Mill, Wickliffe, KY, prepared by ENSR Corporation, dated December 2004; 
 Phase I
Environmental Site Assessment and Limited Environmental Compliance Review of Stora Enso North America, 707 Arlington Place, Stevens Point, WI, prepared by Environ International Corporation, dated June 2007; 

Phase I Environmental Site Assessment and Limited Environmental Compliance Review of Stora Enso North America, 950 Fourth Avenue North,
310 Third Avenue North, Wisconsin Rapids, WI, prepared by Environ International Corporation, dated June 2007; Phase I Environmental Site Assessment and Limited Environmental Compliance Review of Stora Enso North America, 621 North Biron Drive,
Biron, WI, prepared by Environ International Corporation, dated June 2007; 
 Phase I Environmental Site Assessment and Limited
Environmental Compliance Review of Stora Enso North America, 100 North Central Avenue, 4920 Recycle Way, Duluth, MN, prepared by Environ International Corporation, dated June 2007. 

 

	2.	In Appleton Papers Inc., et al v. George A. Whiting Paper Co., et al, Appleton Papers and NCR Corporation filed a private contribution action in the United States
District Court for the Eastern District of Wisconsin against NewPage Wisconsin System Inc. and approximately 20 other parties to share in the clean-up costs they have or will incur related to polychlorinated biphenyls (PCBs) released into the Fox
River. This case was dismissed on summary judgment but is still subject to appeal. The appeal period has not begun to run since some post-trial motions are pending. If overturned on appeal and liability results, this claim will be handled as a
general unsecured claim in the bankruptcy. 

	3.	In the United States of America and State of Wisconsin v. NCR Corporation, et al, the United States and the State of Wisconsin filed a clean up action pursuant to the
Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) against a number of parties, including NewPage Wisconsin System Inc., which claim also seeks compensation for natural resource damages caused by PCBs released into the Fox
River. This action is pending. The United States Department of Justice orally offered, and the company agreed, to settle all components of this claim, including natural resources and cleanup costs, for a $1,157,253 general unsecured proof of claim.
The company has not received a draft settlement from the United States Department of Justice. This matter will be handled through the bankruptcy process but may be pending post-emergence. 

 

	4.	Luke Paper Company is an Intervener in United States of America v. Westvaco Corporation; Civil Action No. MJF-00-2602, in the United States District Court for the
District of Maryland, in connection with potential liability for increased operational costs related to the potential remedies to be imposed by the court for Westvaco’s (predecessor of Luke Paper Company) construction of the Digester and
Expansion Project between 1981 and 1985, which triggered compliance obligations under the Clean Air Act Prevention of Significant Deterioration program. This case may be impacted by the potential rejection of the MeadWestvaco Equity and Asset
Purchase Agreement in the bankruptcy case. Litigation in this matter is pending. 

  
 4.13-2

 SCHEDULE 4.15 
 MATERIAL CONTRACTS 
  

	1.	Credit and Guaranty Agreement dated as of December 21, 2012 among NewPage Corporation, the other Credit Parties party thereto, the Lenders parties thereto,
Barclays Bank PLC , as Administrative Agent, and the other agents parties thereto. 

 SCHEDULE 4.20 
 CERTAIN FEES 
  

	1.	Fees provided to Lazard Freres & Co. pursuant to that certain Engagement Letter dated April 1, 2011, as amended September 2, 2011, in connection with
services provided with respect to the Reorganization Plan. 

 SCHEDULE 6.01 
 EXISTING INDEBTEDNESS 
 None. 

 SCHEDULE 6.02 
 EXISTING LIENS 
  

	1.	The Liens existing pursuant to paragraph 74 of the Confirmation Order, representing Junior Replacement Liens (as defined in the Confirmation Order) on account of and in
lieu of the prepetition liens asserted by the Mechanics Lien Claimants (as defined in the Confirmation Order). 

 SCHEDULE 6.3 
 CERTAIN NEGATIVE PLEDGES 
 None. 

 SCHEDULE 6.5 
 CERTAIN RESTRICTIONS ON SUBSIDIARY DISTRIBUTIONS 
 None. 

 SCHEDULE 6.6 
 CERTAIN INVESTMENTS 
  

	1.	Rumford GIPOP Inc. (which will be merged with and into Rumford Paper Company following the Effective Date) owns a 30.5% interest in the Gulf Island Pond Oxygenation
Project. 

  

	2.	Rumford Paper Company owns a 25.5% interest in Androscoggin Reservoir Company which, in accordance with the Reorganization Plan, will be sold after the Effective Date

 SCHEDULE 6.10 
 CERTAIN AFFILIATE TRANSACTIONS 
  

	1.	Affiliated Interest Agreement dated June 21, 1988 by and between NewPage Wisconsin System Inc. (as successor in interest) and Consolidated Water Power Company.

  

	2.	The transactions contemplated by the Reorganization Plan. 

 EXHIBIT A-1 TO 
 CREDIT AND GUARANTY AGREEMENT 
 FUNDING NOTICE 

Reference is made to the Credit and Guaranty Agreement, dated as of December 21, 2012 (as it may be amended, restated, supplemented
or otherwise modified, the “Credit Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined), by and among NEWPAGE CORPORATION, a Delaware corporation
(“Borrower”), NEWPAGE INVESTMENT COMPANY LLC, a Delaware limited liability company, certain Subsidiaries of Borrower, as Guarantors, the Lenders party thereto from time to time, GOLDMAN SACHS LENDING PARTNERS LLC, as
Syndication Agent, BARCLAYS BANK PLC, as Administrative Agent and Collateral Agent, J.P. MORGAN SECURITIES LLC, as Documentation Agent, and the other parties thereto. 

Pursuant to Section 2.1 of the Credit Agreement, Borrower desires that Lenders make the following Loans to Borrower in accordance
with the applicable terms and conditions of the Credit Agreement on [            ], 2012 (the “Credit Date”): 

Term Loans 
  

			
	  ̈      Base Rate Loans:
	  	$[___,___,___]
		
	  ̈      Eurodollar Rate Loans, with an initial
Interest Period of [1][2][3][6][9][12]1 month(s):
	  	$[___,___,___]

 [Remainder of page intentionally left blank] 

 
  

	1 	 9 and 12 month options available only if Lenders agree. 

  
 EXHIBIT A-1-1

							
	Date: [                    ], 2012	 		 	NEWPAGE CORPORATION
				
		 		 	By:	 	 
		 		 	 Name:

		 		 	 Title:

  
 EXHIBIT A-1-2

 EXHIBIT A-2 TO 
 CREDIT AND GUARANTY AGREEMENT 
 CONVERSION/CONTINUATION NOTICE 

Reference is made to the Credit and Guaranty Agreement, dated as of December 21, 2012 (as it may be amended, restated, supplemented
or otherwise modified, the “Credit Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined), by and among NEWPAGE CORPORATION, a Delaware corporation
(“Borrower”), NEWPAGE INVESTMENT COMPANY LLC, a Delaware limited liability company, certain Subsidiaries of Borrower, as Guarantors, the Lenders party thereto from time to time, GOLDMAN SACHS LENDING PARTNERS LLC, as
Syndication Agent, BARCLAYS BANK PLC, as Administrative Agent and Collateral Agent, J.P. MORGAN SECURITIES LLC, as Documentation Agent, and the other parties thereto. 

Pursuant to Section 2.6 of the Credit Agreement, Borrower desires to convert or to continue the following Loans, each such
conversion and/or continuation to be effective as of [mm/dd/yy]: 
 1. Term Loans: 

 

			
		
	$[___,___,___]	  	Eurodollar Rate Loans to be continued with Interest Period of [1][2][3][6][9][12]2 month(s)
		
	$[___,___,___]	  	Base Rate Loans to be converted to Eurodollar Rate Loans with Interest Period of [1][2][3][6][9][12]3 month(s)
		
	$[___,___,___]	  	Eurodollar Rate Loans to be converted to Base Rate Loans

 Borrower hereby certifies that as of the date hereof, no event has occurred and is continuing that
would constitute an Event of Default or a Default. 
 [Remainder of page intentionally left blank] 

 
  

	2 	 9 and 12 month options available only if Lenders agree. 

	3 	 9 and 12 month options available only if Lenders agree. 

  
 EXHIBIT A-2-1

							
	Date: [mm/dd/yy]	 		 	NEWPAGE CORPORATION
				
		 		 	By:	 	 
		 		 	Name:
		 		 	Title:

  
 EXHIBIT A-2-2

 EXHIBIT B TO 
 CREDIT AND GUARANTY AGREEMENT 
 TERM LOAN NOTE 

 

			
	 $[___,___,___]

[mm/dd/yy]
	  	New York, New York

 FOR VALUE RECEIVED, NEWPAGE CORPORATION, a Delaware corporation
(“Borrower”), promises to pay [NAME OF LENDER] (“Payee”) or its registered assigns the principal amount of [DOLLARS] ($[___,___,___]) at the times and places referred to below. 

Borrower also promises to pay interest on the unpaid principal amount hereof, from the date hereof until paid in full, at the rates and
at the times which shall be determined in accordance with the provisions of that certain Credit and Guaranty Agreement, dated as of December 21, 2012 (as it may be amended, restated, supplemented or otherwise modified, the “Credit
Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined), by and among Borrower, NEWPAGE INVESTMENT COMPANY LLC, a Delaware limited liability company, certain Subsidiaries of
Borrower, as Guarantors, the Lenders party thereto from time to time, GOLDMAN SACHS LENDING PARTNERS LLC, as Syndication Agent, BARCLAYS BANK PLC, as Administrative Agent and Collateral Agent, J.P. MORGAN SECURITIES LLC, as
Documentation Agent, and the other parties thereto. 
 Borrower shall make scheduled principal payments on this Note as set
forth in Section 2.9 of the Credit Agreement. 
 This Note is one of the “Term Loan Notes” referred to in the
Credit Agreement and is issued pursuant to and entitled to the benefits of the Credit Agreement, to which reference is hereby made for a more complete statement of the terms and conditions under which the Term Loan evidenced hereby was made and is
to be repaid. 
 All payments of principal and interest in respect of this Note shall be made in lawful money of the United
States of America in same day funds at the Principal Office of Administrative Agent or at such other place as shall be designated in writing for such purpose in accordance with the terms of the Credit Agreement. Unless and until an Assignment
Agreement effecting the assignment or transfer of the obligations evidenced hereby shall have been accepted by Administrative Agent and recorded in the Register, Borrower, each Agent and Lenders shall be entitled to deem and treat Payee as the owner
and holder of this Note and the obligations evidenced hereby. Payee hereby agrees, by its acceptance hereof, that before disposing of this Note or any part hereof it will make a notation hereon of all principal payments previously made hereunder and
of the date to which interest hereon has been paid; provided, the failure to make a notation of any payment made on this Note shall not limit or otherwise affect the obligations of Borrower hereunder with respect to payments of principal of or
interest on this Note. 
 THIS NOTE HAS BEEN ISSUED WITH ORIGINAL ISSUE DISCOUNT (AS DEFINED IN § 1273(a) OF THE INTERNAL
REVENUE CODE OF 1986 AS AMENDED AND U.S. TREASURY REGULATION § 1.1273-1 PROMULGATED THEREUNDER). THE HOLDER HEREOF CAN OBTAIN THE INFORMATION DESCRIBED IN U. S. TREASURY REGULATION § 1.1275-3 BY WRITING TO: NEWPAGE CORPORATION, ATTENTION:
CHIEF FINANCIAL OFFICER. 

  
 EXHIBIT B-1

 This Note is subject to mandatory prepayment and to prepayment at the option of Borrower,
each as provided in the Credit Agreement. 
 THIS NOTE AND THE RIGHTS AND OBLIGATIONS OF BORROWER AND PAYEE HEREUNDER SHALL BE
GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK.

 Upon the occurrence of an Event of Default, the unpaid balance of the principal amount of this Note, together with all
accrued and unpaid interest thereon, may become, or may be declared to be, due and payable in the manner, upon the conditions and with the effect provided in the Credit Agreement. 

The terms of this Note are subject to amendment only in the manner provided in the Credit Agreement. 

No reference herein to the Credit Agreement and no provision of this Note or the Credit Agreement shall alter or impair the obligations
of Borrower, which are absolute and unconditional, to pay the principal of and interest on this Note at the place, at the respective times, and in the currency herein prescribed. 

Borrower promises to pay all costs and expenses, including reasonable attorneys’ fees, all as and to the extent provided in the
Credit Agreement, incurred in the collection and enforcement of this Note. Borrower and any endorsers of this Note hereby consent to renewals and extensions of time at or after the maturity hereof, without notice, and hereby waive diligence,
presentment, protest, demand notice of every kind and, to the full extent permitted by law, the right to plead any statute of limitations as a defense to any demand hereunder. 
 [Remainder of page intentionally left blank] 

  
 EXHIBIT B-2

 IN WITNESS WHEREOF, Borrower has caused this Note to be duly executed and delivered
by its officer thereunto duly authorized as of the date and at the place first written above. 
  

			
	NEWPAGE CORPORATION
		
	By:	 	 
	Name:
	Title:

  
 EXHIBIT B-3

 EXHIBIT C TO 
 CREDIT AND GUARANTY AGREEMENT 
 COMPLIANCE CERTIFICATE 

THE UNDERSIGNED HEREBY CERTIFIES AS FOLLOWS: 
 1. I am the [Chief Financial Officer] [Chief Accounting Officer] of each of NEWPAGE INVESTMENT COMPANY LLC (“Holdings”) and NEWPAGE CORPORATION
(“Borrower”). 
 2. I have reviewed the terms of that certain Credit and Guaranty Agreement, dated as of
December 21, 2012 (as it may be amended, restated, supplemented or otherwise modified, the “Credit Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined), by and among
Borrower, Holdings, certain Subsidiaries of Borrower, as Guarantors, the Lenders party thereto from time to time, GOLDMAN SACHS LENDING PARTNERS LLC, as Syndication Agent, BARCLAYS BANK PLC, as Administrative Agent and Collateral
Agent, J.P. MORGAN SECURITIES LLC, as Documentation Agent, and the other parties thereto and I have made, or have caused to be made under my supervision, a review in reasonable detail of the transactions and condition of Borrower and its
Subsidiaries during the accounting period covered by the attached financial statements. 
 3. The examination described in
paragraph 2 above did not disclose, and I have no knowledge of, the existence of any condition or event which constitutes an Event of Default or Default during or at the end of the accounting period covered by the attached financial statements
or as of the date of this Certificate, except as set forth in a separate attachment, if any, to this Certificate, specifying the nature and period of existence of such condition or event, and what action Borrower has taken, is taking and proposes to
take with respect thereto. 
 4. The financial statements delivered with this Certificate in accordance with subsection 5.1(a)
and/or 5.1(b) of the Credit Agreement fairly present, in all material respects, the financial condition of Holdings and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated,
subject to changes resulting from audit and normal year-end adjustments. 
 The foregoing certifications[,
together with the computations set forth in Annex A hereto]1 and the financial statements delivered with this Certificate in support hereof, are made and delivered [mm/dd/yy] pursuant to Section 5.1(c) of the Credit Agreement. 

 

	1 	 Include relevant computations (I) in any Compliance Certificate delivered in connection with any usage of the Cumulative Amount, for purposes of
(a) evidencing compliance with the Net Leverage Ratio (calculated on a pro forma basis after giving effect to the intended usage of the Cumulative Amount at such Cumulative Amount Reference Time but excluding the proceeds of any equity
issuances that have increased the Cumulative Amount), which shall not exceed 2.00:1.00 as of the last day of the Fiscal Quarter most recently ended, and (b) demonstrating the calculation of the Cumulative Amount immediately prior to the
intended usage of the Cumulative Amount and the amount thereof elected to be so applied and (II) in any Compliance Certificate delivered together with financial statements under Section 5.1(b) of the Credit Agreement, for purposes of
determining the percentage of Consolidated Excess Cash Flow required to be prepaid pursuant to Section 2.11(d) of the Credit Agreement. 

  
 EXHIBIT C-1

 
			
	NEWPAGE INVESTMENT COMPANY LLC NEWPAGE CORPORATION
		
	By:	 	 
	Name:
	Title: [Chief Financial Officer][Chief Accounting Officer]

  
 EXHIBIT C-2

 ANNEX A TO 
 COMPLIANCE CERTIFICATE 
 FOR THE FISCAL [QUARTER] [YEAR]
ENDING [mm/dd/yy]. 
  

							
	1. Consolidated Net Income: (I)-(II) =	  	$[___,___,___]
				
		  	(I)	  	the net income (or loss) of Holdings and its Subsidiaries on a consolidated basis for such period taken as a single accounting period determined in conformity with GAAP:	  	$[___,___,___]
				
		  	(II)	  	 (a)     the income (or loss) of any Person (other than a Subsidiary of Holdings) in which any other
Person (other than Holdings or any of its Subsidiaries) has a joint interest or any Person that is an Unrestricted Subsidiary, except to the extent of the amount of dividends or other distributions actually paid to Holdings or any of its
Subsidiaries by such Person during such period:
	  	$[___,___,___]
				
		  		  	 (b)     the income (or loss) of any Person or any Unrestricted Subsidiary accrued prior to the date it
becomes a Subsidiary of Holdings or is redesignated a Restricted Subsidiary, as applicable, or is merged into or consolidated with Holdings or any of its Subsidiaries or that Person’s assets are acquired by Holdings or any of its
Subsidiaries:
	  	$[___,___,___]
				
		  		  	 (c)     the income of any Subsidiary of Holdings to the extent that the declaration or payment of
dividends or similar distributions by that Subsidiary of that income is not at the time permitted by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to
that Subsidiary:
	  	$[___,___,___]
				
		  		  	 (d)     any after-tax gains or losses attributable to Asset Sales or returned surplus assets of any
Pension Plan:
	  	$[___,___,___]
				
		  		  	 (e)     the income (or loss) attributable to the early extinguishment of Indebtedness:
	  	$[___,___,___]

  
 EXHIBIT C-3

			
	 (f)      (1) non-Cash compensation charges and expenses1:
	  	$[___,___,___]
		
	           (2) non-Cash deemed finance charges in respect of any pension
liabilities or other provisions:
	  	$[___,___,___]
		
	 (g)     to the extent otherwise included in net income and to the extent covered by insurance and
actually reimbursed, or, so long as the Borrower has made a good faith determination that there exists reasonable evidence that such amount will in fact be reimbursed by the insurer and only to the extent that (1) such coverage is not denied by
the applicable carrier or indemnifying party in writing within 180 days and (2) such amount is in fact reimbursed within 365 days of the date of such determination (with a deduction in the applicable future period for any amount so added back
to the extent not so reimbursed within 365 days), losses, charges, expenses, accruals and reserves with respect to liability or casualty events or business interruption:
	  	$[___,___,___]
		
	 (h)     to the extent otherwise included in net income, losses, charges and expenses that are covered by
indemnification or other reimbursement provisions in connection with any acquisition, Investment or asset disposition, to the extent actually reimbursed, or, so long as the Borrower has made a determination that a reasonable basis exists for
indemnification or reimbursement and only to the extent that such amount is in fact indemnified or reimbursed within 365 days of such determination (with a deduction in the applicable future period for any amount so added back to the extent not so
indemnified or reimbursed within such 365 days):
	  	$[___,___,___]
		
	 (i)      non-Cash or unrealized gains or losses in respect of obligations under Hedge Agreements or
any ineffectiveness recognized in earnings related to qualifying hedge transactions or the fair value of changes therein recognized in earnings for derivatives that do not qualify as hedge transactions, in each case, in respect of obligations under
Hedge Agreements:
	  	$[___,___,___]

  

	1 	 Including any such charges and expenses arising from grants of stock appreciation or similar rights, phantom equity, stock options, restricted stock or
other rights or equity incentive programs. 

  
 EXHIBIT C-4

									
		  		  	 (j)      deferred Tax expenses associated with Tax deductions or net operating losses
arising as a result of the transactions contemplated by the Credit Agreement and by the Related Agreements, or the release of any valuation allowance related to such item:
	  	$[___,___,___]
				
		  		  	 (k)     to the extent not included in clauses (II)(a) through (j) above, any net
extraordinary gains or net extraordinary losses:
	  	$[___,___,___]
		
	2. Consolidated Adjusted EBITDA: (I)+(II)–(III) =	  	$[___,___,___]
				
		  	(I)	  	Consolidated Net Income:	  	$[___,___,___]
				
		  	(II)	  	the sum of2	  	
				
		  		  	 (a)     extraordinary losses minus any net gains or plus any net losses realized in
connection with asset sales, to the extent such gains or losses were deducted in computing such Consolidated Net Income:
	  	$[___,___,___]
				
		  		  	 (b)     provision for Taxes based on income or profits, to the extent that such provision
for Taxes was deducted in computing such Consolidated Net Income:
	  	$[___,___,___]
				
		  		  	 (c)     consolidated interest expense, to the extent such consolidated interest expense was
deducted in computing such Consolidated Net Income:
	  	$[___,___,___]
					
		  		  	 (d)    
	  	 (i)     depreciation expense:
	  	$[___,___,___]
					
		  		  		  	 (ii)    amortization expense3:
	  	$[___,___,___]
					
		  		  		  	 (iii)  other non-Cash expenses4:
	  	$[___,___,___]

  

	2 	Without duplication (including without duplication of any amounts previously adjusted for in determining Consolidated Net Income). 

	3 	Including amortization of intangibles but excluding amortization of prepaid Cash expenses that were paid in a prior period. 

	4 	Excluding any such non-Cash expense to the extent that it represents an accrual of or reserve for Cash expenses in any future period or amortization of a prepaid Cash
expense that was paid in a prior period; provided that this exclusion shall not apply to adjustments for curtailment, settlement or termination benefits in respect of pension or other employee or retiree benefits. 

  
 EXHIBIT C-5

 
					
	in each case, to the extent that such depreciation, amortization and other non-Cash expenses were deducted in computing such Consolidated Net Income	  	
			
	(e)	 	(i) non-Cash Restructuring Charges:5	  	$[___,___,___]
			
		 	(ii) Cash Restructuring Charges or extraordinary, unusual or non-recurring fees, charges and expenses (including for any executive severance or workforce reduction severance)6:	  	$[___,___,___]
		
	in each case, to the extent deducted in computing such Consolidated Net Income	  	
			
	(f)	 	fees, costs, charges, commissions and expenses in connection with:	  	
			
		 	(i) the Chapter 11 Cases, the insolvency proceedings under the Companies’ Creditors Arrangement Act (Canada), the Reorganization Plan and the transactions contemplated by the
foregoing, including, without limitation, the Existing Credit Agreement7:	  	$[___,___,___]
			
		 	(ii) the Credit Documents or the Credit Documents (as defined in the Revolving Credit Agreement) or any amendment thereto:	  	$[___,___,___]
			
		 	(iii) permitted Investments, Permitted Acquisitions and permitted dispositions, whether or not consummated8:	  	$[___,___,___]

  

	5 	“Restructuring Charges” means (x) for executive severance or workforce reduction severance or (y) made or incurred in connection with any
integration or restructuring, including in connection with plant closings, or the permanent shutdown or transfer of machinery and equipment (including any production continuation, remediation, relocation, severance and benefits continuation costs,
lease termination costs, contract termination costs, materials buy-out costs, and reduction charges). 

	6 	Not to exceed in any period of twelve consecutive months the greater of (x) $25,000,000 or (y) 15% of Consolidated Adjusted EBITDA (without giving effect to
this clause (e)) in such period. 

	7 	Not to exceed in any period of twelve consecutive months $110,000,000. 

	8 	 With respect to unsuccessful Investments, acquisitions and dispositions, not to exceed in any period of twelve consecutive months $5,000,000.

  
 EXHIBIT C-6

			
		
	 (iv) customary and reasonable transaction costs incurred in connection with an initial public offering or other registration of
securities:
	  	$[___,___,___]
		
	 (g)     all goodwill impairment charges, to the extent such charges were deducted in computing such
Consolidated Net Income:
	  	$[___,___,___]
		
	 (h)     the non-Cash effects of adjustments9 in any line item in Holdings’ financial statements pursuant to GAAP resulting from the application of
recapitalization accounting or purchase accounting, as the case may be, in connection with the transactions contemplated by the Credit Agreement and by the Related Agreements, any acquisition or any joint venture investments or the amortization or
write off of any amounts thereof, net of Taxes:
	  	$[___,___,___]
		
	 (i)      non-Cash impairment charges, asset write offs and write downs, including impairment
charges, asset write offs and write downs related to goodwill, intangible assets, long-lived assets, investments in debt and equity securities or as a result of a change in law or regulation, in each case pursuant to GAAP and the amortization of
intangibles arising pursuant to GAAP:
	  	$[___,___,___]
		
	 (j)      accruals and reserves that are established or adjusted, in each case within 12 months of
any subject transaction, as a result of the transactions contemplated by the Credit Agreement and by the Related Agreements, or any acquisition, Investment, asset disposition, write down or write off (including the related Tax benefit) in accordance
with GAAP, including any adjustment of estimated payouts on earn-outs, or charges as a result of the adoption or modification of accounting policies, so long as such policies are in accordance with GAAP:
	  	$[___,___,___]
		
	 (k)     non-Cash compensation charges or other non-Cash expenses or charges arising from the grant of or
issuance or repricing of stock, stock options or other equity-based awards to directors, officers or employees, to the extent such charges and expenses were deducted in computing such Consolidated Net Income:
	  	$[___,___,___]

  

	9 	Including the effects of such adjustments relating to the Borrower or its Subsidiaries. 

  
 EXHIBIT C-7

			
		
	 (III)  non-Cash items increasing Consolidated Net Income10:
	  	$[___,___,___]
		
	 3.      Consolidated Current Assets:
	  	$[___,___,___]
		
	 4.      Consolidated Current Liabilities:
	  	$[___,___,___]
		
	 5.      Consolidated Working Capital: (I)-(II) =
	  	$[___,___,___]
		
	 (I)     Consolidated Current Assets:
	  	$[___,___,___]
		
	 (II)   Consolidated Current Liabilities:
	  	$[___,___,___]
		
	 6.      Consolidated Working Capital Adjustment:11 (I)-(II) =
	  	$[___,___,___]
		
	 (I)     Consolidated Working Capital as of the beginning of such period:
	  	$[___,___,___]
		
	 (II)   Consolidated Working Capital as of the end of such period:
	  	$[___,___,___]
		
	 7.      Consolidated Excess Cash Flow: (I)-(II) =
	  	$[___,___,___]
		
	 (I)     the sum, without duplication, of the amounts for such period of:
	  	
		
	 (a)    Consolidated Net Income:
	  	$[___,___,___]
		
	 (b)    the Consolidated Working Capital Adjustment:
	  	$[___,___,___]

  

	10 	Excluding accrual of revenue in the ordinary course of business. 

	11 	In calculating the Consolidated Working Capital Adjustment there shall be excluded the effect of reclassification during such period of current assets to long term
assets and current liabilities to long term liabilities and the effect of any Permitted Acquisition, the designation of any Unrestricted Subsidiary as a Restricted Subsidiary or any Restricted Subsidiary as an Unrestricted Subsidiary during such
period; provided that (i) there shall be included with respect to any Permitted Acquisition during such period an amount (which may be a negative number) by which the Consolidated Working Capital acquired in such Permitted Acquisition as at the
time of such acquisition exceeds (or is less than) Consolidated Working Capital at the end of such period and (ii) there shall be included with respect to any Unrestricted Subsidiary that is designated as a Restricted Subsidiary during such
period an amount (which may be a negative number) by which the Consolidated Working Capital gained in such designation as at the time of such designation exceeds (or is less than) Consolidated Working Capital at the end of such period.

  
 EXHIBIT C-8

			
	 (c)     to the extent reducing Consolidated Net Income, the sum, without duplication, of amounts for
non-Cash charges reducing Consolidated Net Income, including for depreciation and amortization (including amortization associated with Planned Major Maintenance) (excluding any such non-Cash charge to the extent that it represents an accrual or
reserve for potential Cash charge in any future period or amortization of a prepaid Cash gain that was paid in a prior period):
	  	$[___,___,___]
		
	 (II)   the sum, without duplication, of 12:

 
 (a)     the amounts
for such period paid from Internally Generated Cash except to the extent made using the Cumulative Amount of (1) scheduled repayments of Indebtedness for borrowed money and scheduled repayments of obligations under Capital Leases (excluding any
interest expense portion thereof), and (2) Consolidated Capital Expenditures and Planned Major Maintenance:
	  	$[___,___,___]
		
	 (b)     other non-Cash gains increasing Consolidated Net Income for such period (excluding any such
non-Cash gain to the extent it represents the reversal of an accrual or reserve for potential Cash gain in any prior period):
	  	$[___,___,___]
		
	 (c)     Cash payments during such period in respect of long-term liabilities and other prepaid expenses
(other than Indebtedness) to the extent such payments are not expensed during such period and are not deducted in calculating Consolidated Net Income:
	  	$[___,___,___]
		
	 (d)     the aggregate amount of Cash consideration paid in connection with Investments (including
Permitted Acquisitions) under Section 6.6 (other than Section 6.6(a)) of the Credit Agreement, to the extent paid from Internally Generated Cash except to the extent made using the Cumulative Amount:
	  	$[___,___,___]

  

	12 	As used in this clause (II), “scheduled repayments of Indebtedness” does not include (x) mandatory prepayments or voluntary prepayments,
(y) repurchases of Loans pursuant to Section 10.6(i) of the Credit Agreement and (z) repayments of Loans made with the Cash proceeds of any Refinancing Indebtedness. 

  
 EXHIBIT C-9

			
	 (e)     the amount of Restricted Junior Payments paid during such period pursuant to Sections 6.4(b),
(c), (f), (g) and (h) of the Credit Agreement, to the extent paid from Internally Generated Cash except to the extent made using the Cumulative Amount:
	  	$[___,___,___]
		
	 (f)      without duplication of amounts deducted from Consolidated Excess Cash Flow in prior
periods, the Contract Consideration for binding contracts entered into prior to or during such period relating to Permitted Acquisitions or capital expenditures to be consummated or made during the period of four consecutive fiscal quarters of
Borrower following the end of such
period13:
	  	$[___,___,___]
		
	 (g)     the amount of Cash Taxes (including penalties and interest) paid in such period to the extent
they exceed the amount of Tax expense deducted in determining Consolidated Net Income for such period:
	  	$[___,___,___]
		
	 (h)     Cash expenditures in respect of Hedge Agreements during such fiscal year to the extent not
deducted in arriving at such Consolidated Net Income:
	  	$[___,___,___]
		
	 (i)      the aggregate amount of Cash fees, costs and expenses incurred on or after
January 1, 2013 in connection with, and any payments of, expenses in connection with the transactions contemplated by the Credit Agreement and by the Related Agreements, to the extent not expensed and not deducted in calculating Consolidated
Net Income:
	  	$[___,___,___]
		
	 (j)      Cash indemnity payments received pursuant to indemnification provisions in any
acquisition agreement, any Permitted Acquisition or any other Investment permitted under the Credit Agreement, in each case that resulted in an increase to Consolidated Net Income (up to the amount of such increase):
	  	$[___,___,___]

  

	13 	To the extent the aggregate amount of Internally Generated Cash actually utilized to finance such Permitted Acquisitions or capital expenditures during such period of
four consecutive fiscal quarters is less than the Contract Consideration, the amount of such shortfall shall be added to the calculation of Consolidated Excess Cash Flow at the end of such period of four consecutive fiscal quarters.

  
 EXHIBIT C-10

			
	 8.      Consolidated Total Net Debt:
	  	$[___,___,___]
		
	 9.      Consolidated Senior Net Debt: (I)-(II) =
	  	$[___,___,___]
		
	 (I)     Consolidated Total Net Debt:
	  	$[___,___,___]
		
	 (II)   The aggregate stated balance sheet amount of all unsecured Indebtedness, Permitted Junior/Unsecured
Incremental Indebtedness, and secured Subordinated Indebtedness (or, if higher, the par value or stated face amount of all such unsecured Indebtedness other than zero coupon Indebtedness) determined on a consolidated basis in accordance with
GAAP
	  	$[___,___,___]
		
	 10.    Net Leverage Ratio: (I)/(II) =
	  	$[___,___,___]
		
	 (I)     Consolidated Total Net Debt:
	  	$[___,___,___]
		
	 (II)   Consolidated Adjusted EBITDA for the four-Fiscal Quarter period:
	  	$[___,___,___]
		
	Actual:    	  	_.__:1.00
		
	Required:	  	_.__:1.00
		
	 11.    Senior Net Leverage Ratio: (I)/(II) =
	  	$[___,___,___]
		
	 (I)     Consolidated Senior Net Debt:
	  	$[___,___,___]
		
	 (II)   Consolidated Adjusted EBITDA for the four-Fiscal Quarter period:
	  	$[___,___,___]
		
	Actual:    	  	_.__:1.00
		
	Required:	  	_.__:1.00
		
	 12.    Cumulative Amount: (I)+(II)+(III)+(IV)-(V) =
	  	$[___,___,___]
		
	(I) (x) the cumulative amount of Consolidated Excess Cash Flow of Holdings and its Subsidiaries for all Fiscal Years completed after the Closing Date (commencing with the first
Fiscal Year ending December 31, 2013) and prior to the Cumulative Amount Reference Time, minus (y) the portion of such Consolidated Excess Cash Flow that has been (or is required to be) applied after the Closing Date and prior to the
Cumulative Amount Reference Time to the prepayment of Loans in accordance with Section 2.11(d) of the Credit Agreement:	  	$[___,___,___]

  
 EXHIBIT C-11

			
	(II) the amount of any Cash capital contributions or Net Equity Proceeds from the sale or issuance of any common Equity Interests received or made by Holdings (or any direct or
indirect parent thereof) and contributed to Borrower and Not Otherwise Applied during the period from and including the Business Day immediately following the Closing Date through and including the Cumulative Amount Reference Time:	  	$[___,___,___]
		
	(III) in the event that the Cumulative Amount has been reduced as a result of an Investment made pursuant to Section 6.6(l) of the Credit Agreement in connection with the
designation of a Restricted Subsidiary as an Unrestricted Subsidiary (any such Investment for purposes of this clause (III) being an “Original Investment” and the amount of any such reduction for purposes of this clause (III) being the
“Reduction Amount” in respect of such Investment), the acquisition of Equity Interests of an Unrestricted Subsidiary or the acquisition of any minority Investments, to the extent such amount is not already included in Consolidated Excess
Cash Flow for purposes of clause (I) hereof, the lesser of an amount equal to, in each case during the period from and including the Business Day immediately following the Closing Date through and including the Cumulative Amount Reference Time,
(A) the aggregate amount received by Holdings or any Restricted Subsidiary of Holdings in Cash and Cash Equivalents from: (1) the sale (other than to Holdings or any such Restricted Subsidiary) of any such Equity Interests of any such
Unrestricted Subsidiary or any such minority Investments, (2) any dividend or other distribution by any such Unrestricted Subsidiary or received in respect of any such minority Investments, or (3) interest, returns of principal, repayments
and similar payments by any such Unrestricted Subsidiary or received in respect of any such minority Investments, and (B) the Reduction Amount in respect of such Original Investment:	  	$[___,___,___]
		
	(IV) in the event that the Cumulative Amount has been reduced as a result of an Investment made pursuant to Section 6.6(l) of the Credit Agreement in connection with the
designation of a Restricted Subsidiary as an Unrestricted Subsidiary (any such designation for purposes of this clause (IV) being the “Original Designation” and the amount of any such reduction for purposes of this clause (IV)
being the “Reduction Amount” in respect of such designation), in the event any such Unrestricted Subsidiary has been re-designated as a Restricted Subsidiary or has been merged, consolidated or amalgamated with or into, or transfers or
conveys its assets to, or is liquidated into, Holdings or a Restricted Subsidiary, to the extent such amount is not already included in Consolidated Excess Cash Flow for purposes of clause (I) hereof, an amount equal to the lesser of
(A) the fair market value of the Investments of Holdings and the Restricted Subsidiaries in such Unrestricted Subsidiary at the time of such redesignation, combination or transfer (or of the assets transferred or conveyed, as applicable) and
(B) the Reduction Amount in respect of such Original Designation, in each case during the period from and including the Business Day immediately following the Closing Date through and including the Cumulative Amount Reference Time:	  	$[___,___,___]

  
 EXHIBIT C-12

			
		
	(V) without duplication of any amounts deducted in determining amounts that are Not Otherwise Applied pursuant to clause (II) hereof, the aggregate amount of any Investments made
pursuant to Section 6.6(l) of the Credit Agreement, any Restricted Junior Payment made pursuant to Sections 6.4(i) and (j) of the Credit Agreement and any Permitted Acquisition made pursuant to Section 6.7(e) of the Credit Agreement,
in each case, during the period commencing on the Closing Date and ending on or prior to the Cumulative Amount Reference Time (and, for purposes of this clause (V), without taking account of the intended usage of the Cumulative Amount at such
Cumulative Amount Reference Time):	  	$[___,___,___]

  
 EXHIBIT C-13

 EXHIBIT D TO 
 CREDIT AND GUARANTY AGREEMENT 
 ASSIGNMENT AND ASSUMPTION AGREEMENT

 This Assignment and Assumption Agreement (this “Assignment”) is dated as of the Effective Date set forth
below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined
herein shall have the meanings given to them in the Credit Agreement identified below (as it may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), receipt of a copy of which is
hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment as if set forth herein in full. 

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably
purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below, (i) all of the
Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of
the Assignor’s outstanding rights and obligations under the respective facilities identified below (including without limitation any letters of credit, guarantees, and swingline loans included in such facilities), and (ii) to the extent
permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit
Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice
claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by the Assignor to the Assignee pursuant to
clauses (i) and (ii) above being referred to herein collectively as the “Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment, without
representation or warranty by the Assignor. 
  

					
	1.	  	Assignor:	  	__________________
			
	2.	  	Assignee:	  	
                         
            [and is an affiliate/Related
Fund1 of [identify Lender]] [Assignor
is not a Defaulting Lender]
  
 Markit Entity Identifier (if any):
                                        

			
	3.	  	Borrower:	  	NewPage Corporation
			
	4.	  	Administrative Agent:	  	Barclays Bank PLC, as the administrative agent under the Credit Agreement
			
	5.	  	Credit Agreement:	  	The $500,000,000 Credit and Guaranty Agreement dated as of             , 2012 among NEWPAGE CORPORATION, a
Delaware corporation (“Borrower”), NEWPAGE INVESTMENT COMPANY LLC, a Delaware limited liability company, certain Subsidiaries of Borrower, as Guarantors, the Lenders party thereto from time to time, GOLDMAN SACHS LENDING
PARTNERS LLC, as Syndication Agent, BARCLAYS BANK PLC, as Administrative Agent and Collateral Agent, J.P. MORGAN SECURITIES LLC, as Documentation Agent, and the other parties thereto
			
	6.	  	Assigned Interest[s]:	  	

  

	1 	Select as applicable 

  
 EXHIBIT D-1

													
	 Facility Assigned
	  	Aggregate Amount of
Commitment/Loans for all
Lenders	 	  	Amount of
Commitment/Loans
Assigned	 	  	Percentage Assigned of
Commitment/Loans2	 
	 ________________3
	  	$	                	  	  	$	                	  	  	 	                	% 
	 ________________
	  	$	                	  	  	$	                	  	  	 	                	% 
	 ________________
	  	$	                	  	  	$	                	  	  	 	                	% 

 Effective Date:
                    , 20     [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE
OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
  

	7.	Notice and Wire Instructions: 

  

													
	[NAME OF ASSIGNOR]	 		  	[NAME OF ASSIGNEE]	  		  	
							
	Notices:	 		 		  	Notices:	  		  		  	
					
		 	  
	  		  	  
	  	
		 	  
	  		  	  
	  	
		 	  
	  		  	  
	  	
		 	 Attention:

Telecopier:
	 		  		  	 Attention:

Telecopier:
	  		  	
			
	with a copy to:	  	with a copy to:	  	
					
		 	  
	  		  	  
	  	
		 	  
	  		  	  
	  	
		 	  
	  		  	  
	  	
		 	 Attention:

Telecopier:
	 		  		  	 Attention:

Telecopier:
	  		  	
			
	Wire Instructions:	  	Wire Instructions:	  	

 The terms set forth in this Assignment are hereby agreed to: 

 

			
	ASSIGNOR
	[NAME OF ASSIGNOR]
		
	By:	 	 
	Title:	 	
	
	ASSIGNEE
	[NAME OF ASSIGNEE]
		
	By:	 	 
	Title:	 	

  
  

	2 	Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

	3 	Fill in the appropriate terminology for the types of Loans under the Credit Agreement that are being assigned under this Assignment (e.g. “Term Loan
Commitment”, “Term Loan”, “New Term Loan”, etc.). For any New Term Loan, include the Series. 

  
 EXHIBIT D-2

			
	[Consented to and]4 Accepted:
	
	BARCLAYS BANK PLC, as
	    Administrative Agent
		
	By:	 	 
	Title:	 	
	
	[Consented to:]5
	
	NEWPAGE CORPORATION
		
	By:	 	 
	Title:	 	

  

	4 	To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement. 

	5 	To be added only if the consent of Borrower is required by the terms of the Credit Agreement. 

  
 EXHIBIT D-3

 ANNEX 1 
 STANDARD TERMS AND CONDITIONS FOR ASSIGNMENT 
 AND ASSUMPTION AGREEMENT 

 

	1.	Representations and Warranties. 

  

	 	1.1	Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned
Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and to consummate the transactions contemplated hereby
and (iv) it is not a Defaulting Lender; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with any Credit Document, (ii) the execution, legality,
validity, enforceability, genuineness, sufficiency or value of the Credit Agreement or any other instrument or document delivered pursuant thereto, other than this Assignment (herein collectively the “Credit Documents”), or any
collateral thereunder, (iii) the financial condition of Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Credit Document or (iv) the performance or observance by Borrower, any of its
Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Credit Document. 

  

	 	1.2	Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver
this Assignment and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all requirements of an Eligible Assignee under the Credit Agreement, (iii) from and after the Effective
Date, it shall be bound by the provisions of the Credit Agreement and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type
represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit
Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 5.1 thereof, as applicable, and such other documents and information as it deems
appropriate to make its own credit analysis and decision to enter into this Assignment and to purchase the Assigned Interest, (vi) it has, independently and without reliance upon Administrative Agent or any other Lender and based on such
documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and to purchase the Assigned Interest, and (vii) if it is a Non-US Lender, attached to this Assignment is any
documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on Administrative Agent, the
Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Documents, and (ii) it will perform in
accordance with their terms all of the obligations which by the terms of the Credit Documents are required to be performed by it as a Lender. 

  

	2.	Payments. All payments with respect to the Assigned Interests shall be made on the Effective Date as follows: 

 

	 	2.1	From and after the Effective Date, Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and
other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date. Notwithstanding the foregoing, Administrative Agent shall make
all payments of interest, fees or other amounts paid or payable in kind from and after the Effective Date to the Assignee. 

  
 EXHIBIT D-A-1

	3.	General Provisions. This Assignment shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This
Assignment may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment by telecopy shall be effective as delivery of a manually executed
counterpart of this Assignment. This Assignment shall be governed by, and construed in accordance with, the internal laws of the State of New York without regard to conflict of laws principles thereof. 

[Remainder of page intentionally left blank] 

  
 EXHIBIT D-A-2

 EXHIBIT E TO 
 CREDIT AND GUARANTY AGREEMENT 
 CERTIFICATE RE NON BANK STATUS 

[Separately Attached] 

 FORM OF NON-BANK CERTIFICATE 

(For Foreign Lenders That Are Not Partnerships or Pass-Thru Entities 

For U.S. Federal Income Tax Purposes) 
 Reference is made to that certain Credit Agreement, dated as of December 21, 2012 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among
(i) NEWPAGE CORPORATION, a Delaware corporation (the “Company”), [NAME OF HOLDINGS], a Delaware corporation, (“Holdings”); (ii) certain Subsidiaries of the Company that are or may from time to time become
parties hereto (together with the Company and Holdings, collectively, “Borrowers” and, individually, each a “Borrower”); (iii) the financial institutions that are or may from time to time become parties hereto
(together with their respective successors and assigns, collectively, the “Lenders” and, individually, each a “Lender”); (iv) BARCLAYS BANK PLC, as administrative agent for the Lenders
(“Barclays”),; and (v) GOLDMAN SACHS LENDING PARTNERS LLC, as Syndication Agent (“Goldman”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit
Agreement.              (the “Foreign Lender”) is providing this certificate pursuant to Section 2.17(f) of the Credit Agreement and, pursuant thereto, hereby
attaches hereto two (2) original signed copies of Internal Revenue Service Form W-8BEN. 
 The Foreign Lender hereby represents and
warrants that: 
 1. The Foreign Lender is the sole record and beneficial owner of the Loans (as well as any notes evidencing such loans) in
respect of which it is providing this certificate. 
 2. The Foreign Lender is not a “bank” for purposes of Section 881(c)(3)(A)
of the Internal Revenue Code of 1986, as amended (the “Code”). In this regard, the Foreign Lender further represents and warrants that to its knowledge: 
  

	 	(a)	the Foreign Lender is not subject to regulatory or other legal requirements as a bank in any jurisdiction; and 

 

	 	(b)	the Foreign Lender has not been treated as a bank for purposes of any tax, securities law or other filing or submission made to any Governmental Authority, any
application made to a rating agency or qualification for any exemption from tax, securities law or other legal requirements. 

 3.
The Foreign Lender is not a 10-percent shareholder of any Borrower within the meaning of Section 871(h)(3)(B) of the Code. 
 4. The Foreign
Lender is not a controlled foreign corporation related (within the meaning of Section 864(d) of the Code) to any Borrower as described in Section 881(c)(3)(C) of the Code . 
 The undersigned shall promptly notify the Borrowers if any of the representations and warranties made herein are no longer true and correct. 

  
 EXHIBIT E-1

 IN WITNESS WHEREOF, the undersigned has duly executed this certificate on the
             day of             , 20    . 

 

			
	 [NAME OF FOREIGN LENDER]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 EXHIBIT E-2

 FORM OF NON-BANK CERTIFICATE 

(For Foreign Lenders That Are Partnerships or Pass-Thru Entities 

For U.S. Federal Income Tax Purposes) 
 Reference is made to that certain Credit Agreement, dated as of December 21, 2012 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among
(i) NEWPAGE CORPORATION, a Delaware corporation (the “Company”), [NAME OF HOLDINGS], a Delaware corporation,(“Holdings”); (ii) certain Subsidiaries of the Company that are or may from time to time become
parties hereto (together with the Company and Holdings, collectively, “Borrowers” and, individually, each a “Borrower”); (iii) the financial institutions that are or may from time to time become parties hereto
(together with their respective successors and assigns, collectively, the “Lenders” and, individually, each a “Lender”); (iv) BARCLAYS BANK PLC, as administrative agent for the Lenders
(“Barclays”),; and (v) GOLDMAN SACHS LENDING PARTNERS LLC, as Syndication Agent (“Goldman”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit
Agreement.              (the “Foreign Lender”) is providing this certificate pursuant to Section 2.17(f) of the Credit Agreement and, pursuant thereto, hereby
attaches hereto two (2) original signed copies of Internal Revenue Service Form W-8IMY and accompanying documentation. 
 The Foreign
Lender hereby represents and warrants that: 
 1. The Foreign Lender is the sole record owner of the Loans (as well as any notes evidencing such
Loans) in respect of which it is providing this certificate. 
 2. The Foreign Lender’s partners/members are the sole beneficial owners of
the Loans (as well as any notes evidencing such Loans). 
 3. Neither the Foreign Lender nor any of its partners/members is a “bank”
for purposes of Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as amended (the “Code”). In this regard, the Foreign Lender further represents and warrants that to its knowledge: 

 

	 	(a)	neither the Foreign Lender nor any of its partners/members is subject to regulatory or other legal requirements as a bank in any jurisdiction; and

  

	 	(b)	neither the Foreign Lender nor any of its partners/members has been treated as a bank for purposes of any tax, securities law or other filing or submission made to any
Governmental Authority, any application made to a rating agency or qualification for any exemption from tax, securities law or other legal requirements. 

 4. None of the Foreign Lender’s partners/members is a 10-percent shareholder of any Borrower within the meaning of Section 871(h)(3)(B) of the Code. 

5. None of the Foreign Lender’s partners/members is a controlled foreign corporation related (within the meaning of Section 864(d) of the Code)
to any Borrower as described in Section 881(c)(3)(C) of the Code . 

  
 EXHIBIT E-3

 The undersigned shall promptly notify the Borrowers if any of the representations and warranties made herein
are no longer true and correct. 
 IN WITNESS WHEREOF, the undersigned has duly executed this certificate on the
             day of             , 20    . 

 

			
	 [NAME OF FOREIGN LENDER]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 EXHIBIT E-4

 FORM OF NON-BANK CERTIFICATE 

(For Foreign Participants That Are Not Partnerships or Pass-Thru Entities 

For U.S. Federal Income Tax Purposes) 
 Reference is made to that certain Credit Agreement, dated as of December 21, 2012 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among
(i) NEWPAGE CORPORATION, a Delaware corporation (the “Company”), [NAME OF HOLDINGS], a Delaware corporation,(“Holdings”); (ii) certain Subsidiaries of the Company that are or may from time to time become
parties hereto (together with the Company and Holdings, collectively, “Borrowers” and, individually, each a “Borrower”); (iii) the financial institutions that are or may from time to time become parties hereto
(together with their respective successors and assigns, collectively, the “Lenders” and, individually, each a “Lender”); (iv) BARCLAYS BANK PLC, as administrative agent for the Lenders
(“Barclays”),; and (v) GOLDMAN SACHS LENDING PARTNERS LLC, as Syndication Agent (“Goldman”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit
Agreement.              (the “Foreign Participant”) is providing this certificate pursuant to Section 2.17(f) and Section 10.6(g)(iii) of the Credit
Agreement and, pursuant thereto, hereby attaches hereto two (2) original signed copies of Internal Revenue Service Form W-8BEN. 
 The
Foreign Participant hereby represents and warrants that: 
 1. The Foreign Participant is the sole record and beneficial owner of the
participation in respect of which it is providing this certificate. 
 2. The Foreign Participant is not a “bank” for purposes of
Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as amended (the “Code”). In this regard, the Foreign Participant further represents and warrants that to its knowledge: 

 

	 	(a)	the Foreign Participant is not subject to regulatory or other legal requirements as a bank in any jurisdiction; and 

 

	 	(b)	the Foreign Participant has not been treated as a bank for purposes of any tax, securities law or other filing or submission made to any Governmental Authority, any
application made to a rating agency or qualification for any exemption from tax, securities law or other legal requirements. 

 3.
The Foreign Participant is not a 10-percent shareholder of any Borrower within the meaning of Section 871(h)(3)(B) of the Code. 
 4. The
Foreign Participant is not a controlled foreign corporation related (within the meaning of Section 864(d) of the Code) to any Borrower as described in Section 881(c)(3)(C) of the Code . 

The undersigned shall promptly notify the Borrowers if any of the representations and warranties made herein are no longer true and correct. 

  
 EXHIBIT E-5

 IN WITNESS WHEREOF, the undersigned has duly executed this certificate on the
             day of             , 20    . 

 

			
	 [NAME OF FOREIGN PARTICIPANT]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 EXHIBIT E-6

 FORM OF NON-BANK CERTIFICATE 

(For Foreign Participants That Are Partnerships or Pass-Thru Entities 

For U.S. Federal Income Tax Purposes) 
 Reference is made to that certain Credit Agreement, dated as of December 21, 2012 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among
(i) NEWPAGE CORPORATION, a Delaware corporation (the “Company”), [NAME OF HOLDINGS], a Delaware corporation,(“Holdings”); (ii) certain Subsidiaries of the Company that are or may from time to time become
parties hereto (together with the Company and Holdings, collectively, “Borrowers” and, individually, each a “Borrower”); (iii) the financial institutions that are or may from time to time become parties hereto
(together with their respective successors and assigns, collectively, the “Lenders” and, individually, each a “Lender”); (iv) BARCLAYS BANK PLC, as administrative agent for the Lenders
(“Barclays”),; and (v) GOLDMAN SACHS LENDING PARTNERS LLC, as Syndication Agent (“Goldman”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit
Agreement.              (the “Foreign Participant”) is providing this certificate pursuant to Section 2.17(f) and Section 10.6(g)(iii) of the Credit
Agreement and, pursuant thereto, hereby attaches hereto two (2) original signed copies of Internal Revenue Service Form W-8IMY and accompanying documentation. 
 The Foreign Participant hereby represents and warrants that: 
 1. The Foreign Participant is the
sole record owner of the participation in respect of which it is providing this certificate. 
 2. The Foreign Participant’s
partners/members are the sole beneficial owners of the participation. 
 3. Neither the Foreign Participant nor any of its partners/members is a
“bank” for purposes of Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as amended (the “Code”). In this regard, the Foreign Participant further represents and warrants that to its knowledge: 

 

	 	(a)	neither the Foreign Participant nor any of its partners/members is subject to regulatory or other legal requirements as a bank in any jurisdiction; and

  

	 	(b)	neither the Foreign Participant nor any of its partners/members has been treated as a bank for purposes of any tax, securities law or other filing or submission made to
any Governmental Authority, any application made to a rating agency or qualification for any exemption from tax, securities law or other legal requirements. 

 4. None of the Foreign Participant’s partners/members is a 10-percent shareholder of any Borrower within the meaning of Section 871(h)(3)(B) of the Code. 

  
 EXHIBIT E-7

 5. None of the Foreign Participant’s partners/members is a controlled foreign corporation related
(within the meaning of Section 864(d) of the Code) to any Borrower as described in Section 881(c)(3)(C) of the Code . 
 The
undersigned shall promptly notify the Borrowers if any of the representations and warranties made herein are no longer true and correct. 
 IN
WITNESS WHEREOF, the undersigned has duly executed this certificate on the              day of             ,
20    . 
  

			
	 [NAME OF FOREIGN PARTICIPANT]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 EXHIBIT E-8

 EXHIBIT F-1 TO 
 CREDIT AND GUARANTY AGREEMENT 
 CLOSING DATE CERTIFICATE 

[                    ], 2012

 THE UNDERSIGNED HEREBY CERTIFY AS FOLLOWS: 

1. We are, respectively, the chief executive officer and the chief financial officer of NEWPAGE INVESTMENT COMPANY LLC
(“Holdings”) and NEWPAGE CORPORATION (“Borrower”). 
 2. We have reviewed the terms of
Section 3 of the Credit and Guaranty Agreement, dated as of December 21, 2012 (as it may be amended, restated, supplemented or otherwise modified, the “Credit Agreement”; the terms defined therein and not otherwise defined
herein being used herein as therein defined), by and among Borrower, Holdings, certain Subsidiaries of Borrower, as Guarantors, the Lenders party thereto from time to time, GOLDMAN SACHS LENDING PARTNERS LLC (“Goldman
Sachs”), as Syndication Agent, BARCLAYS BANK PLC, as Administrative Agent and Collateral Agent, J.P. MORGAN SECURITIES LLC, as Documentation Agent, and the other parties thereto, and the definitions and provisions
contained in such Credit Agreement relating thereto, and in our opinion we have made, or have caused to be made under our supervision, such examination or investigation as is necessary to enable us to express an informed opinion as to the matters
referred to herein. 
 3. Based upon our review and examination described in paragraph 2 above, we certify, on behalf of
Borrower, that as of the date hereof: 
 (i) the representations and warranties contained in each of the Credit
Documents are true and correct in all material respects on and as of the Closing Date (both immediately prior to and after giving effect to the funding of the Term Loans) to the same extent as though made on and as of such date, except to the extent
such representations and warranties specifically relate to an earlier date, in which case such representations and warranties are true and correct in all material respects on and as of such earlier date; provided that, in each case, such
materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; and 

(ii) no event has occurred and is continuing or would result from the consummation of the Transactions to be consummated
on the Closing Date that would constitute an Event of Default or a Default. 
 4. Attached as Annex A hereto are true and
complete (and, where applicable, executed and/or conformed) copies of each of the Related Agreements and the Confirmation Order, and we have reviewed the terms of each of such documents and in our opinion we have made, or have caused to be made
under our supervision, such examination or investigation as is necessary to enable us to express an informed opinion as to the matters referred to in paragraph 3. 

  
 EXHIBIT F-1-1

 5. Each Credit Party has requested Proskauer and Foley & Lardner LLP to
deliver to Administrative Agent, Collateral Agent and Goldman Sachs on the Closing Date favorable written opinions, as to such matters as Administrative Agent or Goldman Sachs may reasonably request. 

6. Attached hereto as Annex B are true and complete copies of (a) the Historical Financial Statements and (b) customary pro
forma financial statements of Borrower and its Subsidiaries. 
 [Remainder of page intentionally left blank]

  
 EXHIBIT F-1-2

 The foregoing certifications are made and delivered as of date first written above.

  

	
	NEWPAGE INVESTMENT COMPANY LLC
	 NEWPAGE CORPORATION

 

	  

	 Name:

	 Title: Chief Executive Officer

 

	  

	 Name:

	 Title: Chief Financial Officer

  
 EXHIBIT F-1-3

 Annex A to Closing Date Certificate 

Related Agreements and the Confirmation Order 

  
 EXHIBIT F-1A-1

 Annex B to Closing Date Certificate 

Historical Financial Statements and Customary Pro Forma Financial Statements of 

Borrower and its Subsidiaries 

  
 EXHIBIT F-1
B-1 

 EXHIBIT F-2 TO 
 CREDIT AND GUARANTY AGREEMENT 
 SOLVENCY CERTIFICATE 

[                    ], 2012

 THE UNDERSIGNED HEREBY CERTIFIES AS FOLLOWS: 

1. I am the chief financial officer of NEWPAGE CORPORATION, a Delaware corporation (“Borrower”). 

2. Reference is made to that certain Credit and Guaranty Agreement, dated as of December 21, 2012 (as it may be amended,
restated, supplemented or otherwise modified, the “Credit Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined), by and among Borrower, NEWPAGE INVESTMENT COMPANY LLC, a
Delaware limited liability company, certain Subsidiaries of Borrower, as Guarantors, the Lenders party thereto from time to time, GOLDMAN SACHS LENDING PARTNERS LLC, as Syndication Agent, BARCLAYS BANK PLC, as Administrative Agent and
Collateral Agent, J.P. MORGAN SECURITIES LLC, as Documentation Agent, and the other parties thereto. 
 3. I have
reviewed the terms of Sections 3 and 4 of the Credit Agreement and the definitions and provisions contained in the Credit Agreement relating thereto, together with each of the Related Agreements, and, in my opinion, have made, or have
caused to be made under my supervision, such examination or investigation as is necessary to enable me to express an informed opinion as to the matters referred to herein. 
 4. Based upon my review and examination described in paragraph 3 above, I certify that as of the date hereof, after giving effect to the consummation of the transactions contemplated by the Credit
Agreement and the Related Agreements on the Closing Date and any rights of contribution, the Credit Parties and their Subsidiaries are and will be, on a consolidated basis, Solvent. 

[Remainder of page intentionally left blank] 

  
 EXHIBIT F-2-1

 The foregoing certifications are made and delivered as of the date first written above.

  

	
	  

	Name:
	 Title: Chief Financial Officer

  
 EXHIBIT F-2-2

 EXHIBIT G TO 
 CREDIT AND GUARANTY AGREEMENT 
 COUNTERPART AGREEMENT 

This COUNTERPART AGREEMENT, dated [mm/dd/yy] (the “Joinder Date”) (this “Counterpart
Agreement”) is delivered pursuant to that certain Credit and Guaranty Agreement, dated as of December 21, 2012 (as it may be amended, restated, supplemented or otherwise modified, the “Credit Agreement”; the terms
defined therein and not otherwise defined herein being used herein as therein defined), by and among NEWPAGE CORPORATION, a Delaware corporation (“Borrower”), NEWPAGE INVESTMENT COMPANY LLC, a Delaware limited
liability company, certain Subsidiaries of Borrower, as Guarantors, the Lenders party thereto from time to time, GOLDMAN SACHS LENDING PARTNERS LLC, as Syndication Agent, BARCLAYS BANK PLC, as Administrative Agent and Collateral Agent,
J.P. MORGAN SECURITIES LLC, as Documentation Agent, and the other parties thereto. 
 Section 1. Pursuant to
Section 5.10 of the Credit Agreement, the undersigned hereby: 
 (a) agrees that this Counterpart Agreement
may be attached to the Credit Agreement and that by the execution and delivery hereof, the undersigned becomes a Guarantor under the Credit Agreement and agrees to be bound by all of the terms thereof; 

(b) represents and warrants that the representations and warranties contained in each of the Credit Documents and
applicable to the undersigned are true and correct on and as of the date hereof (both immediately prior to and after giving effect to this Counterpart Agreement), except to the extent that any such representations and warranties specifically relate
to an earlier date, in which case such representations and warranties are true and correct as of such earlier date; provided, that any representation and warranty that specifically relates to the Closing Date and applicable to the undersigned shall
be made by the undersigned as of the Joinder Date; 
 (c) agrees to irrevocably and unconditionally guaranty the
due and punctual payment in full of all Obligations when the same shall become due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including amounts that would become due but for the operation of
the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. § 362(a)) in accordance with Section 7 of the Credit Agreement; and 
 (d) the undersigned hereby (i) agrees that this counterpart may be attached to the Pledge and Security Agreement, (ii) agrees that the undersigned will comply with all the terms and conditions
of the Pledge and Security Agreement as if it were an original signatory thereto, (iii) grants to Collateral Agent a security interest in all of the undersigned’s right, title and interest in and to all “Collateral” (as such term
is defined in the Pledge and Security Agreement) of the undersigned, in each case whether now or hereafter existing or in which the undersigned now has or hereafter acquires an interest and wherever the same may be located and (iv) delivers to
Collateral Agent supplements to all schedules attached to the Pledge and Security Agreement. All such Collateral shall be deemed to be part of the “Collateral” and hereafter subject to each of the terms and conditions of the Pledge and
Security Agreement. 

  
 EXHIBIT G-1

 Section 2. The undersigned agrees from time to time to take such additional
actions and to execute and deliver such additional documents and instruments as Administrative Agent may reasonably request to effect the transactions contemplated by, and to carry out the intent of, this Counterpart Agreement. Neither this
Counterpart Agreement nor any term hereof may be changed, waived, discharged or terminated, except by an instrument in writing signed by the party (including, if applicable, any party required to evidence its consent to or acceptance of this
Counterpart Agreement) against whom enforcement of such change, waiver, discharge or termination is sought. Any notice or other communication herein required or permitted to be given shall be given pursuant to Section 10.1 of the Credit
Agreement, and all for purposes thereof, the notice address of the undersigned shall be the address as set forth on the signature page hereof. In case any provision in or obligation under this Counterpart Agreement shall be invalid, illegal or
unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. 

THIS COUNTERPART AGREEMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. 
 [Remainder of page intentionally left blank] 

  
 EXHIBIT G-2

 IN WITNESS WHEREOF, the undersigned has caused this Counterpart Agreement to be duly
executed and delivered by its duly authorized officer as of the date above first written. 
  

			
	 [NAME OF SUBSIDIARY]

 

	By:	 	  

	Name:
	Title:

 Address for Notices: 
  

					
		  	  
	  	
		  	  
	  	
		  	  
	  	
		  	Attention:                        	  	
		  	Telecopier	  	

 with a copy to: 
  

					
		  	  
	  	
		  	  
	  	
		  	  
	  	
		  	Attention:                        	  	
		  	Telecopier	  	

 ACKNOWLEDGED AND ACCEPTED, 
 as of the date above first written: 
 Barclays Bank PLC, 

as Administrative Agent and Collateral Agent 
  

			
		
	 By:
	 	  

	Name:
	Title:

  
 EXHIBIT G-3

 EXHIBIT H TO 
 CREDIT AND GUARANTY AGREEMENT 
 PLEDGE & SECURITY AGREEMENT

 [Separately Attached] 
 Insert Exhibit 10.1 (File 3A) Term Loan Pledge and Security Agreement Execution Version 
 3.doc here 

  
 EXHIBIT H-1

 EXHIBIT I TO 
 CREDIT AND GUARANTY AGREEMENT 
 MORTGAGE 

[Separately Attached] 
 Insert Exhibit 10.1 (File 3B) Exhibit I 5.docx here 

  
 EXHIBIT I-1

 EXHIBIT J TO 
 CREDIT AND GUARANTY AGREEMENT 
 LANDLORD PERSONAL PROPERTY COLLATERAL ACCESS
AGREEMENT 
 This LANDLORD PERSONAL PROPERTY COLLATERAL ACCESS AGREEMENT (this “Agreement”) is dated
as of [mm/dd/yy] and entered into by [NAME OF LANDLORD] (“Landlord”), to and for the benefit of JPMORGAN CHASE BANK, N.A., as administrative agent under the Revolving Credit Agreement (as defined below)
(including its successors and assigns from time to time, the “Revolving Loan Agent”), and BARCLAYS BANK PLC (“Barclays”), as collateral agent under the Term Loan Agreement (as defined below) (including its
successors and assigns from time to time, the “Term Loan Agent” and, together with the Revolving Loan Agent, collectively the “Agents” and each an “Agent”). 

RECITALS: 

WHEREAS, [NAME OF GRANTOR], a [Type of Person] (“Tenant”), has possession of and occupies all or a
portion of the property described on Exhibit A annexed hereto (the “Premises”); 
 WHEREAS,
Tenant’s interest in the Premises arises under the lease agreement (the “Lease”) more particularly described on Exhibit B annexed hereto, pursuant to which Landlord has rights, upon the terms and conditions set
forth therein, to take possession of, and otherwise assert control over, the Premises; 
 WHEREAS, reference is made to
that certain Credit Agreement, dated as of December 21, 2012 (as it may be amended, restated, supplemented, or otherwise modified, the “Revolving Credit Agreement”), among NEWPAGE CORPORATION, a Delaware corporation
(“Borrower”), the other credit parties party thereto, the lenders party thereto, the Revolving Loan Agent and the other parties thereto, pursuant to which Tenant has executed a security agreement and other collateral documents in
relation to the Revolving Credit Agreement; 
 WHEREAS, reference is made to that certain Credit and Guaranty Agreement,
dated as of December 21, 2012 (as it may be amended, restated, supplemented or otherwise modified, the “Term Loan Credit Agreement”; each capitalized term used but not defined herein, unless otherwise noted, having the meaning
given to it in the Term Loan Credit Agreement), by and among Borrower, NEWPAGE INVESTMENT COMPANY LLC, a Delaware limited liability company, certain Subsidiaries of Borrower, as Guarantors, the Lenders party thereto from time to time, Term
Loan Agent, and the other parties thereto, pursuant to which Tenant has executed a security agreement and other collateral documents in relation to the Term Loan Credit Agreement; 

WHEREAS, Tenant’s repayment of the extensions of credit made by Lenders (as respectively defined under the Term Loan Credit
Agreement and the Revolving Credit Agreement (collectively, the “Credit Agreements”)) under the Credit Agreements will be secured, in part, by all Inventory of Tenant (including all Inventory of Tenant now or hereafter located on
the Premises (the “Subject Inventory”)) and all Equipment used in Tenant’s business (including all Equipment of Tenant now or hereafter located on the Premises (the “Subject Equipment”; and, together with the
Subject Inventory, the “Collateral”)); 

  
 EXHIBIT J-1

 WHEREAS, the relative rights and obligations of the Agents are set forth in that
certain Intercreditor Agreement, dated as of December 21, 2012, by and between Revolving Loan Agent and Barclays, as Term Loan Agent (as defined therein), all as more fully provided therein; and 

WHEREAS, the Agents have requested that Landlord execute this Agreement as a condition to the extension of credit to Tenant under
the Credit Agreements. 
 NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, Landlord hereby represents and warrants to, and covenants and agrees with, the Agents as follows: 
 1. Landlord hereby (a) waives and releases unto the Agents and their respective successors and assigns any and all rights granted by or under any present or future laws to levy or distraint for rent
or any other charges which may be due to Landlord against the Collateral, and any and all other claims, liens and demands of every kind which it now has or may hereafter have against the Collateral, and (b) agrees that any rights it may have in
or to the Collateral, no matter how arising (to the extent not effectively waived pursuant to clause (a) of this paragraph 1), shall be second and subordinate to the rights of the Agents in respect thereof. Landlord acknowledges that the
Collateral is and will remain personal property and not fixtures even though it may be affixed to or placed on the Premises. 

2. Landlord certifies that (a) Landlord is the landlord under the Lease, (b) the Lease is in full force and effect and has not
been amended, restated, modified, or supplemented except as set forth on Exhibit B annexed hereto, (c) to the knowledge of Landlord, there is no defense, offset, claim or counterclaim by or in favor of Landlord against Tenant under the
Lease or against the obligations of Landlord under the Lease, (d) no notice of default has been given under or in connection with the Lease which has not been cured, and Landlord has no knowledge of the occurrence of any other default under or
in connection with the Lease, and (e) except as disclosed to the Agents, no portion of the Premises is encumbered in any way by any deed of trust or mortgage lien or ground or superior lease. 

3. Landlord consents to the installation or placement of the Collateral on the Premises, and Landlord grants to each Agent a license to
enter upon and into the Premises to do any or all of the following with respect to the Collateral: assemble, have appraised, display, remove, maintain, prepare for sale or lease, repair, transfer, or sell (at public or private sale). In entering
upon or into the Premises, each Agent hereby agrees to indemnify, defend and hold Landlord harmless from and against any and all claims, judgments, liabilities, costs and expenses incurred by Landlord caused solely by such Agent’s entering upon
or into the Premises and taking any of the foregoing actions with respect to the Collateral. Such costs shall include any damage to the Premises made by such Agent in severing and/or removing the Collateral therefrom. 

  
 EXHIBIT J-2

 4. Landlord agrees that it will not prevent an Agent or its designee from entering upon the
Premises at all reasonable times to inspect or remove the Collateral. In the event that Landlord has the right to, and desires to, obtain possession of the Premises (either through expiration of the Lease or termination thereof due to the default of
Tenant thereunder), Landlord will deliver notice (the “Landlord’s Notice”) to each Agent to that effect. Within the 45 day period after Agents receive the Landlord’s Notice, each Agent shall have the right, but
not the obligation, to cause the Collateral to be removed from the Premises, subject to the payment to Landlord by the applicable Agent or Agents of the basic rent due under the Lease for such period, pro-rated on a per diem basis determined on a 30
day month. During such 45 day period, Landlord will not remove the Collateral from the Premises nor interfere with any Agent’s actions in removing the Collateral from the Premises or any Agent’s actions in otherwise enforcing its
security interest in the Collateral. Notwithstanding anything to the contrary in this paragraph, Agents shall at no time have any obligation to remove the Collateral from the Premises. 

5. Landlord shall use good faith efforts to send each Agent a copy of any notice of default under the Lease sent by Landlord to Tenant.
In addition, Landlord shall send to each Agent a copy of any notice received by Landlord of a breach or default under any other lease, mortgage, deed of trust, security agreement or other instrument to which Landlord is a party which may affect
Landlord’s rights in, or possession of, the Premises. 
 6. All notices to Agents under this Agreement shall be in writing
and sent to each Agent at its address set forth on the signature page hereof by telefacsimile, by United States mail, or by overnight delivery service. 
 7. The provisions of this Agreement shall continue in effect until Landlord shall have received each Agent’s written certification that all amounts advanced under each Credit Agreement have been paid
in full; provided that either Agent may terminate this Agreement with respect to itself by delivering notice of such termination to each other party hereto. 
 8. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO
CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. 

[Remainder of page intentionally left blank] 

  
 EXHIBIT J-3

 IN WITNESS WHEREOF, the undersigned have caused this Agreement to be duly executed
and delivered as of the day and year first set forth above. 
  

			
	 [NAME OF LANDLORD]

 

	 By:
	 	  

	 Name:

	 Title:
  

	  

	  

	  

	 Attention:

	 Telecopier:

 By its acceptance hereof, as of the day and year first set forth above, each Agent agrees to be
bound by the provisions hereof. 
  

			
	 BARCLAYS BANK PLC,
 as Term Loan Agent
  

	 By:
	 	  

	 Name:

	 Title:
  

	  

	  

	  

	 Attention:

	 Telecopier:

  
 EXHIBIT J-4

 
			
	 JPMORGAN CHASE BANK, N.A. ,
 as a Revolving Loan Agent
  

	 By:
	 	  

	 Name:

	 Title:
  

	  

	  

	  

	 Attention:

	 Telecopier:

  
 EXHIBIT J-5

 EXHIBIT A TO 
 LANDLORD PERSONAL PROPERTY COLLATERAL ACCESS AGREEMENT 
 Legal Description of Premises:

  
 EXHIBIT J A-1

 EXHIBIT B TO 
 LANDLORD PERSONAL PROPERTY COLLATERAL ACCESS AGREEMENT 
 Description of Lease: 

  
 EXHIBIT J B-1

 EXHIBIT K TO 
 CREDIT AND GUARANTY AGREEMENT 
 INTERCOMPANY NOTE 

Note Number:
            Dated:            , 201     

FOR VALUE RECEIVED, NEWPAGE CORPORATION, a Delaware corporation (“Borrower”), NEWPAGE INVESTMENT COMPANY
LLC, a Delaware limited liability company (“Holdings”), and each subsidiary of Borrower party to the Credit Agreements (as defined below) (collectively, the “Group Members” and each, a “Group
Member”) which is a party to this subordinated intercompany note (this “Promissory Note”) promises to pay to the order of such other Group Member as it makes loans to such Group Member (each Group Member which borrows money
pursuant to this Promissory Note is referred to herein as a “Payor” and each Group Member which makes loans and advances pursuant to this Promissory Note is referred to herein as a “Payee”), (i) on such dates
as may be agreed upon in writing from time to time by the Payor and Payee and (ii) after the occurrence of and during the continuation of an Event of Default, on demand, in lawful money as may be agreed upon from time to time by the relevant
Payor and Payee, in immediately available funds and at the appropriate office of the Payee, the aggregate unpaid principal amount of all loans and advances heretofore and hereafter made by such Payee to such Payor and any other Indebtedness now or
hereafter owing by such Payor to such Payee as shown either on Schedule A attached hereto (and any continuation thereof) or in the books and records of such Payee. The failure to show any such Indebtedness or any error in showing such Indebtedness
shall not affect the obligations of any Payor hereunder. 
 This Promissory Note is executed in connection with (i) the
Credit and Guaranty Agreement dated as of December 21, 2012 (as it may be amended, restated, supplemented or otherwise modified, the “Term Loan Credit Agreement”), by and among Borrower, Holdings, certain subsidiaries of
Borrower, the lenders party thereto from time to time, BARCLAYS BANK PLC, as administrative agent and collateral agent (together with its successors and assigns in such capacity, the “Term Loan Agent”), and the other parties
thereto, and (ii) the Credit Agreement, dated as of December 21, 2012 (as it may be amended, restated, supplemented or otherwise modified, the “Revolving Credit Agreement”, and together with the Term Loan Credit Agreement
each a “Credit Agreement” and collectively, the “Credit Agreements”) among Borrower, Holdings, certain subsidiaries of Borrower, the lenders party thereto, JPMORGAN CHASE BANK, N.A., as administrative agent
(together with its successors and assigns in such capacity, the “Revolving Loan Agent”), and the other parties thereto. Capitalized terms used herein but not otherwise defined herein shall have the meanings, unless otherwise noted,
given such terms in the Term Loan Credit Agreement. 
 Each Payee hereby acknowledges and agrees that (a) the Term Loan
Agent may exercise all rights provided in the Term Loan Credit Agreement and other Credit Documents and (b) the Revolving Loan Agent may exercise all rights provided in the Revolving Credit Agreement and the other Credit Documents (as defined
in the Revolving Credit Agreement), in each case, with respect to this Promissory Note and subject to and in accordance with the provisions of the Intercreditor Agreement. 

  
 EXHIBIT K-1

 The unpaid principal amount hereof from time to time outstanding shall bear interest at a
rate equal to the rate as may be agreed upon in writing from time to time by the relevant Payor and Payee. Interest shall be due and payable at such times as may be agreed upon from time to time by the relevant Payor and Payee. Upon demand for
payment of any principal amount hereof then payable hereunder, accrued but unpaid interest on such principal amount shall also be due and payable. Interest shall be paid in any lawful currency as may be agreed upon by the relevant Payor and Payee
and in immediately available funds. Interest shall be computed for the actual number of days elapsed on the basis of a year consisting of 365 days. 
 Each Payor and any endorser of this Promissory Note hereby waives presentment, demand, protest and notice of any kind. No failure to exercise, and no delay in exercising, any rights hereunder on the part
of the holder hereof shall operate as a waiver of such rights. 
 This Promissory Note has been pledged (a) to the Term
Loan Agent, for the benefit of the Secured Parties, by each Payee that is a Credit Party, as security for such Payee’s obligations, if any, under the Credit Documents to which such Payee is a party and (b) to the Revolving Loan Agent, for
the benefit of the Secured Parties (as defined in the Revolving Credit Agreement, the “Revolving Secured Parties”), by each Payee that is a Credit Party (as defined in the Revolving Credit Agreement, the “Revolving Credit
Parties”), as security for such Payee’s obligations, if any, under the Credit Documents (as defined in the Revolving Credit Agreement, the “Revolving Credit Documents”) to which such Payee is a party. Each Payor
acknowledges and agrees that after the occurrence of and during the continuation of (a) an Event of Default, the Term Loan Agent and the other Secured Parties may exercise all the rights of each Payee that is a Credit Party under this
Promissory Note and will not be subject to any abatement, reduction, recoupment, defense, setoff or counterclaim available to such Payor and (b) an Event of Default (as defined in the Revolving Credit Agreement, a “Revolving Event of
Default”), the Revolving Loan Agent and the other Revolving Secured Parties may exercise all the rights of each Payee that is a Revolving Credit Party under this Promissory Note and will not be subject to any abatement, reduction,
recoupment, defense, setoff or counterclaim available to such Payor. 
 Each Payee agrees that any and all claims of such Payee
against any Payor that is a Credit Party or any endorser of this Promissory Note, or against any of their respective properties, shall be subordinate and subject in right of payment to the Secured Obligations (as defined in the Pledge and Security
Agreement) until all of the Secured Obligations have been performed and paid in full (other than contingent indemnification obligations not due and payable) and all commitments to extend credit under any Credit Document have been terminated;
provided, that each Payor that is a Credit Party may make payments to the applicable Payee so long as no Event of Default shall have occurred and be continuing; and provided, further, that all loans and advances made by a Payee
pursuant to this Promissory Note shall be received by the applicable Payor subject to the provisions of the Credit Documents. Each Payee agrees that any and all claims of such Payee against any Payor that is a Revolving Credit Party or any endorser
of this Promissory Note, or against any of their respective properties, shall be subordinate and subject in right of payment to the Secured Obligations (as defined in the Pledge and Security Agreement (as defined in the Revolving Credit Agreement),
the “Revolving Secured Obligations”) until all of the Revolving Secured Obligations have been performed and paid in full (other than contingent indemnification obligations not due and payable) and all commitments to extend credit
under any Revolving Credit Document have been terminated; provided, that each Payor 

  
 EXHIBIT K-2

 
that is a Revolving Credit Party may make payments to the applicable Payee so long as no Revolving Event of Default shall have occurred and be continuing; and provided, further,
that all loans and advances made by a Payee pursuant to this Promissory Note shall be received by the applicable Payor subject to the provisions of the Revolving Credit Documents. 

Notwithstanding any right of any Payee to ask, demand, sue for, take or receive any payment from any Payor, all rights, liens and
security interests of such Payee, whether now or hereafter arising and howsoever existing, in any assets of any Payor (whether or not constituting part of the security or collateral given to any Secured Party to secure payment of all or any part of
the Secured Obligations to any Revolving Secured Party to secure payment of all or any part of the Revolving Secured Obligations) shall be and hereby are subordinated to the rights of the Secured Parties and the Revolving Secured Parties in such
assets. Except as expressly permitted by the Credit Documents and the Revolving Credit Documents, the Payees shall have no right to possession of any such asset or to foreclose upon, or exercise any other remedy in respect of, any such asset,
whether by judicial action or otherwise, unless and until all of the Secured Obligations and the Revolving Secured Obligations shall have been performed and paid in full (other than contingent indemnification obligations not due and payable) and all
commitments have been expired or terminated. 
 If all or any part of the assets of any Payor, or the proceeds thereof, are
subject to any distribution, division or application to the creditors of any Payor, whether partial or complete, voluntary or involuntary, and whether by reason of liquidation, bankruptcy, arrangement, receivership, assignment for the benefit of
creditors or any other action or proceeding, or if the business of any Payor is dissolved or if (except as permitted by the Credit Documents and the Revolving Credit Documents) all or substantially all of the assets of any Payor are sold, then, and
in any such event, any payment or distribution of any kind or character, whether in cash, securities or other investment property, or otherwise, which shall be payable or deliverable upon or with respect to any indebtedness of such Payor to any
Payee (“Payor Indebtedness”) shall be paid or delivered directly to (a) after the occurrence and during the continuation of an Event of Default, upon written demand by the Term Loan Agent or automatically if the obligations
under the Term Loan Credit Agreement have been accelerated in accordance with the terms thereof, Term Loan Agent for application to any of the Secured Obligations, due or to become due, until the date on which the Secured Obligations shall have been
performed and paid in full (other than contingent indemnification obligations not due and payable) and all commitments to extend credit under any Credit Document shall have expired or been terminated and (b) after the occurrence and during the
continuation of a Revolving Event of Default (but if an Event of Default has occurred, only after application in accordance with clause (a) and subject to the Intercreditor Agreement), upon written demand by the Revolving Loan Agent or
automatically if the obligations under the Revolving Loan Credit Agreement have been accelerated in accordance with the terms thereof, the Revolving Loan Agent for application to any of the Revolving Secured Obligations, due or to become due, until
the date on which the Revolving Secured Obligations shall have been performed and paid in full (other than contingent indemnification obligations not due and payable), no letters of credit shall be outstanding under any Revolving Credit Documents
(unless backstopped or cash collateralized in an amount equal to 102% of the stated amount thereof) and all commitments to extend credit under any Revolving Credit Document shall have expired or been terminated. 

  
 EXHIBIT K-3

 After the occurrence of and during the continuation of an Event of Default, each Payee that
is a Credit Party irrevocably authorizes, empowers and appoints the Term Loan Agent as such Payee’s attorney-in-fact (which appointment is coupled with an interest and is irrevocable) to demand, sue for, collect and receive every such payment
or distribution and give acquittance therefor and to make and present for and on behalf of such Payee such proofs of claim and take such other action, in the Term Loan Agent’s own name or in the name of such Payee or otherwise, as the Term Loan
Agent may deem necessary or advisable for the enforcement of this Promissory Note. After the occurrence of and during the continuation of an Event of Default, each Payee that is a Credit Party also agrees to execute, verify, deliver and file any
such proofs of claim in respect of the Payor Indebtedness requested by the Term Loan Agent. After the occurrence of and during the continuation of an Event of Default, the Term Loan Agent may vote such proofs of claim in any such proceeding (and the
applicable Payee shall not be entitled to withdraw such vote), receive and collect any and all dividends or other payments or disbursements made on Payor Indebtedness in whatever form the same may be paid or issued and apply the same on account of
any of the Secured Obligations in accordance with the Term Loan Credit Agreement. After the occurrence of and during the continuation of an Event of Default, should any payment, distribution, security or other investment property or instrument or
any proceeds thereof be received by any Payee that is a Credit Party upon or with respect to Payor Indebtedness owing to such Payee prior to such time as the Secured Obligations have been performed and paid in full (other than contingent
indemnification obligations not due and payable) and all commitments to extend credit under any Credit Document have expired or been terminated, such Payee that is a Credit Party shall receive and hold the same for the benefit of the Secured
Parties, and shall forthwith deliver the same to the Term Loan Agent, for the benefit of the Secured Parties, in precisely the form received (except for the endorsement or assignment of such Payee where necessary or advisable in the Term Loan
Agent’s judgment), for application to any of the Secured Obligations in accordance with the Term Loan Credit Agreement, due or not due, and, until so delivered, the same shall be segregated from the other assets of such Payee for the benefit of
the Secured Parties. After the occurrence of and during the continuation of an Event of Default, if such Payee fails to make any such endorsement or assignment to the Term Loan Agent, the Term Loan Agent or any of its officers, employees or
representatives are hereby irrevocably authorized to make the same. 
 After the occurrence of and during the continuation of a
Revolving Event of Default, each Payee that is a Revolving Credit Party irrevocably authorizes, empowers and appoints the Revolving Loan Agent as such Payee’s attorney-in-fact (which appointment is coupled with an interest and is irrevocable)
to demand, sue for, collect and receive every such payment or distribution and give acquittance therefor and to make and present for and on behalf of such Payee such proofs of claim and take such other action, in the Revolving Loan Agent’s own
name or in the name of such Payee or otherwise, as the Revolving Loan Agent may deem necessary or advisable for the enforcement of this Promissory Note. After the occurrence of and during the continuation of a Revolving Event of Default, each Payee
that is a Revolving Credit Party also agrees to execute, verify, deliver and file any such proofs of claim in respect of the Payor Indebtedness requested by the Revolving Loan Agent. After the occurrence of and during the continuation of a Revolving
Event of Default, the Revolving Loan Agent may vote such proofs of claim in any such proceeding (and the applicable Payee shall not be entitled to withdraw such vote), receive and collect any and all dividends or other payments or disbursements made
on Payor Indebtedness in whatever form the same may be paid or issued and apply the same on 

  
 EXHIBIT K-4

 
account of any of the Revolving Secured Obligations in accordance with the Revolving Loan Credit Agreement. After the occurrence of and during the continuation of a Revolving Event of Default,
should any payment, distribution, security or other investment property or instrument or any proceeds thereof be received by any Payee that is a Revolving Credit Party upon or with respect to Payor Indebtedness owing to such Payee prior to such time
as the Revolving Secured Obligations have been performed and paid in full (other than contingent indemnification obligations not due and payable), no letters of credit are outstanding under any Revolving Credit Documents (unless backstopped or cash
collateralized in an amount equal to 102% of the stated amount thereof) and all commitments to extend credit under any Revolving Credit Document have expired or been terminated, such Payee that is a Revolving Credit Party shall receive and hold the
same for the benefit of the Revolving Secured Parties, and shall forthwith deliver the same to the Revolving Loan Agent, for the benefit of the Revolving Secured Parties, in precisely the form received (except for the endorsement or assignment of
such Payee where necessary or advisable in the Revolving Loan Agent’s judgment), for application to any of the Revolving Secured Obligations in accordance with the Revolving Credit Agreement, due or not due, and, until so delivered, the same
shall be segregated from the other assets of such Payee for the benefit of the Revolving Secured Parties. After the occurrence of and during the continuation of a Revolving Event of Default, if such Payee fails to make any such endorsement or
assignment to the Revolving Loan Agent, the Revolving Loan Agent or any of its officers, employees or representatives are hereby irrevocably authorized to make the same. Notwithstanding the foregoing, if an Event of Default has occurred and is
continuing, the rights of the Revolving Loan Agent under this paragraph shall be subject to the rights of the Term Loan Agent under the immediately preceding paragraph and the Intercreditor Agreement. 

Each Payee that is a Credit Party agrees that until the Secured Obligations and the Revolving Secured Obligations have been performed and
paid in full (other than contingent indemnification obligations not due and payable) and all commitments to extend credit under any Credit Document or any Revolving Credit Document have expired or been terminated, such Payee will not (i) assign
or transfer, or agree to assign or transfer, to any Person (other than (a) in favor of the Term Loan Agent for the benefit of the Secured Parties pursuant to the Pledge and Security Agreement or otherwise or (b) in favor of the Revolving
Loan Agent for the benefit of the Revolving Secured Parties pursuant to the Pledge and Security Agreement (as defined in the Revolving Credit Agreement) or otherwise) any claim such Payee has or may have against any Payor, (ii) upon the
occurrence and during the continuance of an Event of Default or a Revolving Event of Default, discount or extend the time for payment of any Payor Indebtedness, or (iii) otherwise amend, modify, supplement, waive or fails to enforce any
provision of this Promissory Note. 
 The Term Loan Agent, for the benefit of the Secured Parties, and the Revolving Loan Agent,
for the benefit of the Revolving Secured Parties, shall be third party beneficiaries hereof and shall be entitled to enforce the subordination and other provisions hereof. 
 Notwithstanding anything to the contrary contained herein, in any other Credit Document or Revolving Credit Document or in any such promissory note or other instrument, this Promissory Note shall not be
deemed replaced, superseded or in any way modified by any promissory note or other instrument entered into on or after the date hereof which purports to create or evidence any loan or advance by any Group Member to any other Group Member.

  
 EXHIBIT K-5

 THIS PROMISSORY NOTE AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE
GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK.

 From time to time after the date hereof, additional Group Members may become parties hereto by executing a counterpart
signature page to this Promissory Note (each additional Subsidiary, an “Additional Payor”). Upon delivery of such counterpart signature page to the Payees, notice of which is hereby waived by the other Payors, each Additional Payor
shall be a Payor and shall be as fully a party hereto as if such Additional Payor were an original signatory hereof. Each Payor expressly agrees that its obligations arising hereunder shall not be affected or diminished by the addition or release of
any other Payor hereunder. This Promissory Note shall be fully effective as to any Payor that is or becomes a party hereto regardless of whether any other Person becomes or fails to become or ceases to be a Payor hereunder. 

This Promissory Note may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 
 [Remainder of page intentionally left blank] 

  
 EXHIBIT K-6

 IN WITNESS WHEREOF, each Payor has caused this Promissory Note to be executed and delivered
by its proper and duly authorized officer as of the date set forth above. 
  

			
	NEWPAGE CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	NEWPAGE INVESTMENT COMPANY LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	ESCANABA PAPER COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	LUKE PAPER COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	NEWPAGE CONSOLIDATED PAPERS INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	NEWPAGE WISCONSIN SYSTEM INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 EXHIBIT K-7

 
			
	RUMFORD PAPER COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	WICKLIFFE PAPER COMPANY LLC
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 EXHIBIT K-8

 Schedule A 
 TRANSACTIONS UNDER PROMISSORY NOTE 
  

													
	 Date
	  	 Name of

Payor
	  	 Name of

Payee
	  	 Amount of

Advance

This Date
	  	 Amount of

Principal

Paid This

Date
	  	 Outstanding

Principal

Balance

from Payor
 to Payee
 This Date
	  	 Notation

Made By

		  		  		  		  		  		  	

  
 EXHIBIT K A-1

 ENDORSEMENT 
 FOR VALUE RECEIVED, each of the undersigned does hereby sell, assign and transfer to
                    all of its right, title and interest in and to the Intercompany Note, dated December 21, 2012 (as amended, restated,
supplemented or otherwise modified from time to time, the “Promissory Note”; the terms defined therein and not otherwise defined herein being used herein as therein defined), made by NEWPAGE CORPORATION
(“Borrower”), NEWPAGE INVESTMENT COMPANY LLC and certain subsidiaries of the Borrower party thereto, and payable to the undersigned. This endorsement is intended to be attached to the Promissory Note and, when so
attached, shall constitute an endorsement thereof. 
 The initial undersigned shall be the Group Members party to the Credit
Documents and the Credit Documents (as defined in the Revolving Credit Agreement) on the date of the Promissory Note. From time to time after the date thereof, additional guarantors may become parties to the Promissory Note (each, an
“Additional Payee”) and a signatory to this endorsement by executing a counterpart signature page to the Promissory Note and to this endorsement. Upon delivery of such counterpart signature page to the Payors, notice of which is
hereby waived by the other Payees, each Additional Payee shall be a Payee and shall be as fully a Payee under the Promissory Note and a signatory to this endorsement as if such Additional Payee were an original Payee under the Promissory Note and an
original signatory hereof. Each Payee expressly agrees that its obligations arising under the Promissory Note and hereunder shall not be affected or diminished by the addition or release of any other Payee under the Promissory Note or hereunder.
This endorsement shall be fully effective as to any Payee that is or becomes a signatory hereto regardless of whether any other Person becomes or fails to become or ceases to be a Payee to the Promissory Note or hereunder. 

Dated:                      

 

			
	NEWPAGE CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	NEWPAGE INVESTMENT COMPANY LLC
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 EXHIBIT K A-2

 
			
	ESCANABA PAPER COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	LUKE PAPER COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	NEWPAGE CONSOLIDATED PAPERS INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	NEWPAGE WISCONSIN SYSTEM INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	RUMFORD PAPER COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	WICKLIFFE PAPER COMPANY LLC
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 EXHIBIT K A-3

 EXHIBIT L TO 
 CREDIT AND GUARANTY AGREEMENT 
 JOINDER AGREEMENT 

THIS JOINDER AGREEMENT, dated as of [            ,
20    ] (this “Agreement”), by and among [NEW LENDERS] (each a “Lender” and collectively the “Lenders”), NEWPAGE CORPORATION, a Delaware corporation
(“Borrower”), NEWPAGE INVESTMENT COMPANY LLC, a Delaware limited liability company (“Holdings”), and CERTAIN SUBSIDIARIES OF BORROWER, as Guarantors, and BARCLAYS BANK PLC, as
Administrative Agent. 
 RECITALS: 
 WHEREAS, reference is hereby made to the Credit and Guaranty Agreement, dated as of December 21, 2012 (as it may be amended, restated, supplemented or otherwise modified, the “Credit
Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined), by and among Borrower, Holdings, certain Subsidiaries of Borrower, as Guarantors, the Lenders party thereto from time to
time, GOLDMAN SACHS LENDING PARTNERS LLC, as Syndication Agent, BARCLAYS BANK PLC, as Administrative Agent and Collateral Agent, J.P. MORGAN SECURITIES LLC, as Documentation Agent, and the other parties thereto; and 

WHEREAS, subject to the terms and conditions of the Credit Agreement, Borrower may obtain New Term Loan Commitments by entering
into one or more Joinder Agreements with New Term Loan Lenders. 
 NOW, THEREFORE, in consideration of the premises and
agreements, provisions and covenants herein contained, the parties hereto agree as follows: 
 Each Lender party hereto hereby
agrees to commit to provide its respective Commitment as set forth on Schedule A annexed hereto, on the terms and subject to the conditions set forth below: 
 Each Lender (i) confirms that it has received a copy of the Credit Agreement and the other Credit Documents, and has received or has been accorded the opportunity to receive copies of the most recent
financial statements delivered pursuant to Section 5.1 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Joinder Agreement (this
“Agreement”) and it is sophisticated with respect to decisions to make loans similar to those contemplated to be made hereunder and it is experienced in making loans of such type; (ii) agrees that it will, independently and
without reliance upon Administrative Agent or any other Lender or Agent and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit
Agreement; (iii) appoints and authorizes Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement and the other Credit Documents as are delegated to Administrative Agent, as the case
may be, by the terms thereof, together with such powers as are reasonably incidental thereto and (iv) agrees that it will perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement are required to
be performed by it as a Lender. 

  
 EXHIBIT L-1

 Each Lender hereby agrees to make its Commitment on the following terms
and conditions23: 

 

	1.	Applicable Margin. The Applicable Margin for each Series [    ] New Term Loan shall mean, as of any date of determination,
[            ]% per annum. 

  

	2.	Principal Payments. Borrower shall make principal payments on the Series [    ]New Term Loans in installments on the dates and in the amounts
set forth below: 

  

					
	 (A)

Payment
 Date
	  	(B)
Scheduled
Repayment of
Series [__] New Term Loans	 
		  	$	                    	  
		  	$	                    	  
		  	$	                    	  
		  	$	                    	  
		  	$	                    	  
		  	$	                    	  
		  	$	                    	  
		  	$	                    	  
		  	$	                    	  
		  	$	                    	  
		  	$	                    	  
		  	$	                    	  
		  	$	                    	  
		  	$	                    	  
	 TOTAL
	  	$	                    	  

  

	3.	Voluntary and Mandatory Prepayments. Scheduled installments of principal of the Series [    ] New Term Loans set forth above
shall be reduced in connection with any voluntary or mandatory prepayments of the Series [    ] New Term Loans in accordance with Sections 2.10, 2.11 and 2.12 of the Credit Agreement, respectively.

  

	23 	 Insert completed items 1-7 as applicable, with respect to New Term Loans with such modifications as may be agreed to by the parties hereto to the
extent consistent with Section 2.21 of the Credit Agreement. 

  
 EXHIBIT L-2

	4.	Prepayment Fees. Borrower agrees to pay to each New Term Loan Lender the following prepayment fees, if any:
[            ]. 

  

	  	[Insert other additional prepayment provisions with respect to New Term Loans] 

 

	5.	Other Fees. Borrower agrees to pay each New Term Loan Lender its Pro Rata Share of an aggregate fee equal to
[            ,             ] on [            ,
            ]. 

  

	6.	Proposed Borrowing. This Agreement represents Borrower’s request to borrow Series [    ] New Term Loans from New Term Loan Lender
as follows (the “Proposed Borrowing”): 

  

	 	a.	Business Day of Proposed Borrowing:             ,
             

  

	 	b.	Amount of Proposed Borrowing: $             

 

					
	c.        Interest rate option:    	  	 ̈    	  	 a.      Base Rate Loan(s)

		  	 ̈    	  	 b.      Eurodollar Rate Loans

		  		  	          with an initial Interest

		  		  	          Period of [1][2][3][6][9][12]24 month(s)

  

	7.	 [New Lenders. Each New Term Loan Lender acknowledges and agrees that upon its execution of this Agreement and the making of Series
[            ] New Term Loans that such New Term Loan Lender shall become a “Lender” under, and for all purposes of, the Credit Agreement and the other Credit Documents, and shall
be subject to and bound by the terms thereof, and shall perform all the obligations of and shall have all rights of a Lender thereunder.]25 

 

	8.	Credit Agreement Governs. Except as set forth in this Agreement, Series [    ] New Term Loans shall otherwise be subject to the
provisions of the Credit Agreement and the other Credit Documents. 

  

	9.	Borrower’s Certifications. By its execution of this Agreement, the undersigned officer and Borrower hereby certify that: 

 

	 	i.	The representations and warranties contained in the Credit Agreement and the other Credit Documents are true and correct in all material respects on and as of the date
hereof to the same extent as though made on and as of the date hereof, except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties were true and correct in all
material respects on and as of such earlier date; provided that, in each case, such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof;

  

	24 	 9 and 12 month options available only if Lenders agree. 

	25 	 Insert bracketed language if the lending institution is not already a Lender. 

  
 EXHIBIT L-3

	 	ii.	No event has occurred and is continuing or would result from the consummation of the Proposed Borrowing contemplated hereby that would constitute a Default or an Event
of Default; and 

  

	 	iii.	Borrower has performed in all material respects all agreements and satisfied all conditions which the Credit Agreement provides shall be performed or satisfied by it in
connection with the Proposed Borrowing on or before the date hereof. 

  

	10.	Borrower Covenants. By its execution of this Agreement, Borrower hereby covenants that Borrower shall deliver or cause to be delivered the following legal
opinions and documents: [            ], which Administrative Agent confirms constitutes all legal opinions and other documents reasonably requested by Administrative Agent in
connection with this Agreement; and 

  

	11.	Eligible Assignee. By its execution of this Agreement, each New Term Loan Lender represents and warrants that it is an Eligible Assignee.

  

	12.	Notice. For purposes of the Credit Agreement, the initial notice address of each New Term Loan Lender shall be as set forth below its signature below.

  

	13.	Non-US Lenders. For each New Term Loan Lender that is a Non-US Lender, delivered herewith to Administrative Agent are such forms, certificates or other evidence
with respect to United States federal income tax withholding matters as such New Term Loan Lender may be required to deliver to Administrative Agent pursuant to Section 2.17(c) of the Credit Agreement. 

 

	14.	Recordation of the New Loans. Upon execution and delivery hereof, Administrative Agent will record the Series [    ] New Term Loans
made by New Term Loan Lenders in the Register. 

  

	15.	Amendment, Modification and Waiver. This Agreement may not be amended, restated, modified or waived except by an instrument or instruments in writing signed and
delivered on behalf of each of the parties hereto. 

  

	16.	Entire Agreement. This Agreement, the Credit Agreement and the other Credit Documents constitute the entire agreement among the parties with respect to the
subject matter hereof and thereof and supersede all other prior agreements and understandings, both written and verbal, among the parties or any of them with respect to the subject matter hereof. 

 

	17.	GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. 

  
 EXHIBIT L-4

	18.	Severability. Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the
extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions of this Agreement in any
other jurisdiction. If any provision of this Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only so broad as would be enforceable. 

 

	19.	Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same
agreement. 

 [Remainder of page intentionally left blank] 

  
 EXHIBIT L-5

 IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to
execute and deliver this Joinder Agreement as of [                    ,
            ]. 
  

			
	[NAME OF LENDER]
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	Notice Address:
	
	Attention:
	Telephone:
	Facsimile:
	
	NEWPAGE CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	NEWPAGE INVESTMENT COMPANY LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	ESCANABA PAPER COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	LUKE PAPER COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 EXHIBIT L-6

 
			
	NEWPAGE CONSOLIDATED PAPERS INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	NEWPAGE WISCONSIN SYSTEM INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	RUMFORD PAPER COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	WICKLIFFE PAPER COMPANY LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 BARCLAYS BANK PLC,
 as Administrative Agent

		
	By:	 	  

	Authorized Signatory

  
 EXHIBIT L-7

 SCHEDULE A 
 TO JOINDER AGREEMENT 
  

					
	 Name of Lender
	  	 Type of Commitment
	  	 Amount

	[                    ]	  	New Term Loan Commitment	  	           $                  
  
		  		  	Total: $                    

  
 EXHIBIT L-8

 EXHIBIT M TO 
 CREDIT AND GUARANTY AGREEMENT 
 MODIFIED DUTCH AUCTION PROCEDURES 

This Outline is intended to summarize certain basic terms of the modified Dutch auction procedures pursuant to and in accordance with the terms and
conditions of Sections 10.6(i) and 10.6(j) of the Credit Agreement, of which this Exhibit M is a part (the “Auction Procedures”). It is not intended to be a definitive statement of all of the terms and conditions of a
modified Dutch auction, the definitive terms and conditions for which shall be set forth in the applicable auction procedures set for each Auction (the “Offer Documents”). None of the Administrative Agent, the Auction
Manager and any other Agent, or any of their respective Affiliates, makes any recommendation pursuant to the Offer Documents as to whether or not any Lender should sell its Term Loans to [Borrower/Affiliated
Lender] (the “Purchaser”) pursuant to the Offer Documents, nor shall the decision by the Administrative Agent, the Auction Manager or any other Agent (or any of their Affiliates) in its capacity as
a Lender be deemed to constitute such a recommendation. Each Lender should make its own decision on whether to sell any of its Term Loans and, if it decides to do so, the principal amount of and price to be sought for such Term Loans. In addition,
each Lender should consult its own attorney, business advisor or tax advisor as to legal, business, tax and related matters concerning this Auction and the Offer Documents. Capitalized terms not otherwise defined in this Exhibit have the meanings
assigned to them in the Credit Agreement. 
 Summary. The Purchaser may conduct one or more modified Dutch
auctions in order to purchase Term Loans (each, an “Auction”) pursuant to the procedures described herein. 

Notice Procedures. In connection with each Auction, the Purchaser will provide notification to the Auction Manager (for
distribution to the Lenders) of the Term Loans substantially in the form of Annex A to this Exhibit M that will be the subject of the Auction (an “Auction Notice”). Each Auction Notice shall contain (i) the maximum principal
amount of Term Loans that the Purchaser is willing to purchase in the Auction (the “Auction Amount”), which shall be no less than $10,000,000 or an integral multiple of $1,000,000 in excess thereof; (ii) the range of discounts
to par (the “Discount Range”), expressed as a range of prices per $1,000 (in increments of $5), at which the Purchaser would be willing to purchase Term Loans in the Auction; and (iii) the date on which the Auction will
conclude, on which date Return Bids (as defined below) will be due by 1:00 p.m. New York time, as such date and time may be extended (such time, the “Expiration Time”) for a period not exceeding three Business Days upon notice
by the Purchaser to the Auction Manager received not less than 24 hours before the original Expiration Time; provided, however, that only one extension per offer shall be permitted. An Auction shall be regarded as a “Failed
Auction” in the event that either (x) Purchaser withdraws such Auction in accordance with the terms hereof or (y) the Expiration Time occurs with no Qualifying Bids having been received. In the event of a Failed Auction, Purchaser
shall not be permitted to deliver a new Auction Notice prior to the date occurring five (5) Business Days after such withdrawal or Expiration Time, as the case may be. 

  
 EXHIBIT M-1

 Reply Procedures. In connection with any Auction, each Lender holding Term
Loans wishing to participate in such Auction shall, prior to the Expiration Time, provide the Auction Manager with a notice of participation substantially in the form of Annex B to this Exhibit M (the “Return Bid”) which shall
specify (i) a discount to par expressed as a price per $1,000 (in increments of $5) of Term Loans (the “Reply Price”) within the Discount Range and (ii) the principal amount of Term Loans, in an amount not less than
$1,000,000 or an integral multiple in excess thereof, that such Lender is willing to offer for sale at its Reply Price (the “Reply Amount”); provided, that Lender may submit a Reply Amount that is less than the minimum amount
and/or incremental amount requirements described above only if the Reply Amount comprises the entire amount of Term Loans held by such Lender. Lenders may only submit one Return Bid per Auction but each Return Bid may contain up to three component
bids, each of which may result in a separate Qualifying Bid (as defined below) and each of which will not be contingent on any other component bid submitted by such Lender resulting in a Qualifying Bid. In addition to the Return Bid, the
participating Lender must execute and deliver, to be held by the Auction Manager, an Affiliate Assignment Agreement. The Purchaser will not purchase any Term Loans at a price that is outside of the applicable Discount Range, nor will any Return Bids
(including any component bids specified therein) submitted at a price that is outside such applicable Discount Range be considered in any calculation of the Applicable Threshold Price (as defined below). 

Acceptance Procedures. Based on the Reply Prices and Reply Amounts received by the Auction Manager, the Auction Manager, in
consultation with the Purchaser, will calculate the lowest purchase price (the “Applicable Threshold Price”) for the Auction within the Discount Range for the Auction that will allow the Purchaser to complete the Auction by
purchasing the full Auction Amount (or such lesser amount of Term Loans for which the Purchaser has received Qualifying Bids (as defined below)). The Purchaser shall purchase Term Loans from each Lender whose Return Bid is within the Discount Range
and contains a Reply Price that is equal to or less than the Applicable Threshold Price (each, a “Qualifying Bid”). All Term Loans included in Qualifying Bids (including multiple component Qualifying Bids contained in a single
Return Bid) received at a Reply Price lower than the Applicable Threshold Price will be purchased at the applicable Reply Price and shall not be subject to proration. 
 Proration Procedures. All Term Loans offered in Return Bids (or, if applicable, any component bid thereof) constituting Qualifying Bids at the Applicable Threshold Price will be purchased at
the Applicable Threshold Price; provided that if the aggregate principal amount of all Term Loans for which Qualifying Bids have been submitted in any given Auction at the Applicable Threshold Price would exceed the remaining portion of the
Auction Amount (after deducting all Term Loans to be purchased below the Applicable Threshold Price), the Purchaser shall purchase the Term Loans for which the Qualifying Bids submitted were at the Applicable Threshold Price ratably based on the
respective principal amounts offered and in an aggregate amount equal to the amount necessary to complete the purchase of the Auction Amount. No Return Bids (or any component thereof) will be accepted above the Applicable Threshold Price.

 Notification Procedures. Auction Manager will calculate the Applicable Threshold Price and post the Applicable
Threshold Price and proration factor onto an internet site (including an IntraLinks, SyndTrak or other electronic workspace) in accordance with the Auction Manager’s standard dissemination practices by 4:00 p.m. New York time on the same

  
 EXHIBIT M-2

 
Business Day as the date the Return Bids were due. The Auction Manager will insert the principal amount of Term Loans to be assigned and the applicable settlement date into each applicable
Affiliate Assignment Agreement received in connection with a Qualifying Bid. Upon request of the submitting Lender, the Auction Manager will promptly return any Affiliate Assignment Agreement received in connection with a Return Bid that is not a
Qualifying Bid (as defined below). 
 Additional Procedures. Once initiated by an Auction Notice, the Purchaser
may withdraw an Auction before the Expiration Date upon three Business Days’ written notice to the Auction Manager, [In the event that the Borrower is the Purchaser: , and, if so withdrawn, any failure by the Purchaser to
make any prepayments in connection with such withdrawn Auction shall not constitute a Default or Event of Default under Section 8.1(a) of the Credit Agreement or otherwise]. Upon submission by a Lender of a Return Bid, such Lender will
not have any withdrawal rights. Any Return Bid (including any component bid thereof) delivered to the Auction Manager may not be modified, revoked, terminated or cancelled by a Lender. [In the event that the Borrower is the Purchaser:
However, an Auction may become void if the conditions to the purchase of Term Loans by the Purchaser required by the terms and conditions of Section 10.6(i)(iii) of the Credit Agreement are not met.] The purchase price for each
purchase of Term Loans shall be paid by the Purchaser directly to the respective assigning Lender on a settlement date as determined by the Auction Manager in consultation with the Purchaser (which shall be no later than ten (10) Business Days
after the date Return Bids are due). The Purchaser shall execute each applicable Affiliate Assignment Agreement received in connection with a Qualifying Bid. 
 All questions as to the form of documents and validity and eligibility of Term Loans that are the subject of an Auction will be determined by the Auction Manager, in consultation with the Purchaser, which
determination will be final and binding. The Auction Manager’s interpretation of the terms and conditions of the Offer Document, in consultation with the Purchaser, will be final and binding. 

None of the Administrative Agent, the Auction Manager, any other Agent or any of their respective Affiliates assumes any responsibility
for the accuracy or completeness of the information concerning the Purchaser, the Credit Parties, or any of their Affiliates (whether contained in the Offer Documents or otherwise) or for any failure to disclose events that may have occurred and may
affect the significance or accuracy of such information. 
 This Exhibit M shall not require the Purchaser to initiate any
Auction. 

  
 EXHIBIT M-3

 Annex A to Exhibit M to 

Credit and Guaranty Agreement 
 AUCTION NOTICE 
 [Name of Borrower/Name of Affiliated Lender
Letterhead] 
 [            ], as Auction Manager 

[Auction Manager’s address] 
 Attention:
[            ] 
 Fax No.:
[            ] 
 Email:
[            ] 
 Re: Loan Auction  

Ladies and Gentlemen: 
 Reference is made to
that certain Credit and Guaranty Agreement, dated as of [            ], 2012 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), by and among NewPage Corporation, a Delaware corporation (“Borrower”), NEWPAGE INVESTMENT COMPANY LLC, a Delaware limited liability company, certain Subsidiaries of Borrower, as Guarantors, the Lenders
party thereto from time to time (the “Lenders”), Goldman Sachs Lending Partners LLC, as Syndication Agent, Barclays Bank PLC, as Administrative Agent and Collateral Agent, J.P. Morgan Securities LLC, as Documentation Agent, and the
other parties thereto. Capitalized terms used but not defined herein have the meanings given to such terms in the Credit Agreement. 

[Name of Borrower/Name of Affiliated Lender] (the “Purchaser”) hereby gives notice to the Lenders that it desires to
conduct the following Auction: 
  

	 	•	 Auction Amount: $[            ] in principal amount of Term Loans26 

 

	 	•	Discount Range: Not less than $[            ] nor greater than
$[            ] per $1,000 principal amount of Term Loans. 

 The Purchaser acknowledges that this Auction Notice may not be withdrawn other than in accordance with the Auction Procedures. The Auction shall be consummated in accordance with the Auction Procedures
with all Return Bids due no later than 1:00 p.m. (New York time) on [            ]. 
 The Purchaser hereby represents and warrants that (i) no Default or Event of Default has occurred and is continuing or would result from such repurchase and (ii) Borrower will not use the
proceeds of any Loans under the Revolving Credit Agreement to acquire such Term Loans. 
 Very truly yours, 

[NAME OF BORROWER/NAME OF AFFILIATED LENDER] 
  

			
	By:	 	  

		 	 Name:

Title:

  
  

	26 	 Modify, as appropriate, to: “$[            ] maximum cash value to be
paid for all tendered Term Loans” 

  
 EXHIBIT M A-1

 Annex B to Exhibit M to 
 Credit and Guaranty Agreement 
 RETURN BID 

[            ], as Auction Manager 

[Auction Manager’s address] 
 Attention:
[            ] 
 Fax No.:
[            ] 
 Email:
[            ] 
 Ladies and Gentlemen: 

Credit and Guaranty Agreement, dated as of [            ], 2012 (as amended,
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among NewPage Corporation, a Delaware corporation (“Borrower”), NEWPAGE INVESTMENT COMPANY LLC, a Delaware
limited liability company, certain Subsidiaries of Borrower, as Guarantors, the Lenders party thereto from time to time (the “Lenders”), Goldman Sachs Lending Partners LLC, as Syndication Agent, Barclays Bank PLC, as Administrative
Agent and Collateral Agent, J.P. Morgan Securities LLC, as Documentation Agent, and the other parties thereto. Capitalized terms used but not defined herein have the meanings given to such terms in the Credit Agreement. 

The undersigned Lender hereby gives notice of its participation in the Auction by submitting the following Return Bid27: 

 

			
	 Reply Price

(price per $1,000)
	  	 Reply Amount

(principal amount of Term Loans)

	US$                    	  	US$                    
	US$                    	  	US$                    
	US$                    	  	US$                    

 The undersigned Lender acknowledges that the submission of this Return Bid along with an executed Affiliate Assignment
Agreement, to be held in escrow by the Auction Manager, obligates the Lender to sell the entirety or its pro rata portion of the Reply Amount in accordance with the Auction Procedures, as applicable. 

 

			
	Very truly yours,
	
	[Name of Lender]
		
	By:	 	  

		 	Name:
		 	Title:

  

	27 	 Lender may submit up to three component bids but need not submit more than one. The sum of Lender’s bid(s) may not exceed the aggregate principal
face amount of Term Loans held by it as lender of record on the date of submission of its Return Bid. 

  
 EXHIBIT M B-1

 Annex C to Exhibit M to 
 Credit and Guaranty Agreement 
 AFFILIATE ASSIGNMENT AND ASSUMPTION AGREEMENT

 This Affiliate Assignment and Assumption Agreement (this “Assignment”) is dated as of the Affiliate
Assignment Effective Date set forth below and is entered into by and between [[Insert name of Assignor] (the “Assignor”) and [NAME OF BORROWER/AFFILIATED LENDER] (the “Assignee”)] [[NAME OF AFFILIATED
LENDER] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”)]. Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement
identified below (as it may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions
set forth in Annex 1 attached hereto (the “Standard Terms and Conditions”) are hereby agreed to and incorporated herein by reference and made a part of this Assignment as if set forth herein in full. 

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably
purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Affiliate Assignment Effective Date [in the case of an Auction: inserted by the
Auction Manager as contemplated in the Auction Procedures], (i) all of the Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to
the extent related to the amount and percentage interest identified below of all of the Assignor’s outstanding rights and obligations under the respective facilities identified below (including without limitation any letters of credit,
guarantees, and swingline loans included in such facilities), and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against
any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the
foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the
rights and obligations sold and assigned by the Assignor to the Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned Interest”). Such sale and assignment is without
recourse to the Assignor and, except as expressly provided in this Assignment and the Credit Agreement, without representation or warranty by the Assignor. 
  

					
	1.    	  	Assignor:	  	                             
                                         
    
			
	2.	  	Assignee:	  	[BORROWER/AFFILIATED LENDER]
		  		  	Markit Entity Identifier (if any):
                                        

			
	3.	  	Borrower:	  	NewPage Corporation, a Delaware corporation
			
	4.	  	Administrative Agent:	  	Barclays Bank PLC, as the administrative agent under the Credit Agreement
			
	5.	  	Credit Agreement:	  	Credit and Guaranty Agreement, dated as of [            ], 2012, by and among NewPage Corporation, a Delaware corporation
(“Borrower”), NEWPAGE INVESTMENT COMPANY LLC, a Delaware limited liability company, certain Subsidiaries of Borrower, as Guarantors, the Lenders party thereto from time to time, Goldman Sachs Lending Partners LLC, as
Syndication Agent, Barclays Bank PLC, as Administrative Agent and Collateral Agent, J.P. Morgan Securities LLC, as Documentation Agent, and the other parties thereto.

  
 EXHIBIT M C-1

	6.	Assignor’s Interest under the Credit Agreement: 

  

					
	 Facility
	  	Aggregate Principal Face Amount of
Term
Loans of Assignor	  	Percentage of Term Loans
of Assignor1
	Term Loans	  	$                    	  	                    %

  

	7.	Assigned Interest: 

 List below
the Term Loans to be assigned by Assignor to Assignee [in the case of an Auction: , which shall be subject to the terms and conditions of the Auction, including, without limitation, the pro rata reduction procedures set forth in
the Auction Procedures]. 
 [in the case of an Auction: 

 

							
	 Reply Price with respect to

Term Loans being offered
 for assignment to Assignee
 (price per $1,000 principal

amount)2
	  	 Reply Amount

(principal face amount
 of Term Loans to be
 Assigned to Assignee

at relevant Reply Price)
 (subject to pro rata
 reduction)3
	  	 Pro Rated Principal

Face Amount of

Term Loans Assigned4
	  	 Percentage Assigned

of Term Loans5

	$                    	  	$                    	  	$                    	  	                     %
	$                    	  	$                    	  	$                    	  	                     %
	$                    	  	$                    	  	$                    	  	                     %

 [in the case of an open market purchase involving an Affiliated Lender: 

 
  

	1 	 Set forth, to at least 9 decimals, as a percentage of the Loans of all Lenders thereunder. To be completed by Assignor. 

	2 	 To be completed by Assignor. 

	3 	 To be completed by Assignor. [In the case of an Auction: The sum of Lender’s Reply Amount(s) may not exceed the aggregate
principal face amount of Term Loans held by it as lender of record on the date of submission of its Return Bid.] 

	4 	 [In the case of an Auction: To be completed by the Auction Manager, if necessary, based on the proration procedures set forth in
the Auction Procedures.] 

	5 	 [In the case of an Auction: To be completed by the Auction Manager to at least 9 decimals as a percentage of the Term Loans of all
Lenders thereunder.] 

  
 EXHIBIT M C-2

							
	 Facility Assigned
	  	 Aggregate Amount of

Commitment/Loans

for all Lenders
	  	 Amount of

Commitment/Loans

Assigned
	  	 Percentage Assigned of

Commitment/Loans6

				
	
                        
7
	  	$                    	  	$                    	  	                     %
				
	     _________
	  	$                    	  	$                    	  	                     %
				
	     _________
	  	$                    	  	$                    	  	                     %

  

	8.	Affiliate Assignment Effective Date:             , 20    [in the case of an
Auction in which the Borrower or the Affiliated Lender is the Purchaser: TO BE INSERTED BY AUCTION MANAGER AND WHICH SHALL BE THE AFFILIATE ASSIGNMENT EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

  
  

	6 	 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

	7 	 Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under this Assignment (e.g.
“Term Loan Commitment”, “Term Loan”, “New Term Loan”, etc.). For any New Term Loan, include the Series. 

  
 EXHIBIT M C-3

	9.	Notice and Wire Instructions: 

  

			
	 ASSIGNOR:
  

[NAME OF ASSIGNOR]
  
 Notices:
  
                                  
       
                                 
       
                                 
       
Attention:
Telecopier:
  

with a copy to:
  

                      
                  
                      
                  
                      
                  
Attention:

Telecopier:
  

Wire Instructions:
	  	 ASSIGNEE:
  

[BORROWER/AFFILIATED LENDER]
  

Notices:
  

                      
                  
                      
                  
                      
                  
Attention:

Telecopier:
  

with a copy to:
  

                      
                  
                      
                  
                      
                  
Attention:

Telecopier:

 [In the case of an assignment via Dutch Auction only: The Assignor acknowledges and
agrees that (i) submission of a Return Bid in respect of the Term Loans will constitute a binding agreement between the Assignor and the Assignee in accordance with the terms and conditions of the Auction Procedures and the Credit Agreement;
(ii) Term Loans will be deemed to have been accepted by the Assignee to the extent such Term Loans are validly offered by Assignor to Assignee in accordance with the terms and conditions of the Auction Procedures and the Credit Agreement upon
notification by the Auction Manager to the Assignor that such Term Loans are part of a Qualifying Bid (subject to applicable proration in accordance with the terms and conditions of the Auction); and (iii) it does not have any withdrawal rights
with respect to any offer to assign of its Term Loans. 
 Subject to and effective upon the acceptance by the Assignee for
purchase of the principal amount of the Term Loans to be assigned by the Assignor to the Assignee, the Assignor hereby irrevocably constitutes and appoints the Auction Manager as the true and lawful agent and attorney-in-fact of the Assignor with
respect to such Term Loans, with full powers of substitution and revocation (such power of attorney being deemed to be an irrevocable power coupled with an interest) to complete or fill-in the blanks in this Assignment and deliver the completed
Assignment to the Assignee and the Assignor.] 
 [Signature page follows]

  
 EXHIBIT M C-4

 [In the case of an assignment via Dutch Auction only: The Assignor
acknowledges and agrees that its offer to assign Term Loans pursuant to the Auction Procedures constitute the Assignor’s acceptance of the terms and conditions (including the proration procedures) contained in the Auction Procedures, the Credit
Agreement and this Assignment.] 
 The terms set forth in this Assignment are hereby agreed to: 

 

			
	ASSIGNOR
	[NAME OF ASSIGNOR]
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	ASSIGNEE
	
	[BORROWER/AFFILIATED LENDER]
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	Accepted:
	
	BARCLAYS BANK PLC, as Administrative Agent [and Auction Manager]
		
	By:	 	  

	Authorized Signatory
	
	[[                    ], as Auction Manager
		
	By:	 	  

	Authorized Signatory]

  
 EXHIBIT M C-5

 ANNEX 1 
 STANDARD TERMS AND CONDITIONS FOR AFFILIATE 
 ASSIGNMENT AND ACCEPTANCE 

1. Representations and Warranties. 
  

	 	1.1	Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned
Interest is, and on the applicable Affiliate Assignment Effective Date will be, free and clear of any lien, encumbrance or other adverse claim; (iii) it has full power and authority, and has taken all action necessary, to execute and deliver
this Assignment and to consummate the transactions contemplated hereby; (iv) it has received a copy of the Credit Agreement and such other documents and information as it has deemed appropriate to make its own decision to enter into this
Assignment and to sell and assign the Assigned Interest on the basis of which it has made such decision; [and] (v) it is not a Defaulting Lender; [In the case of assignments by Borrower/Affiliated Lenders: and (vi) it is not
in possession of any information regarding Borrower, its Subsidiaries or its Affiliates, or their assets, Borrower’s ability to perform its Obligations or any other matter that would reasonably be expected to be material to a decision by any
Lender (including the Assignee) to enter into this Assignment or any of the transactions contemplated hereby that has not previously been disclosed to the Auction Manager, Administrative Agent and the Non-Public Lenders], (b) assumes no
responsibility with respect to (i) any statements, warranties or representations made in or in connection with any Credit Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit
Agreement or any other instrument or document delivered pursuant thereto, other than this Assignment (herein collectively the “Credit Documents”), or any collateral thereunder, (iii) the financial condition of Borrower, any of
its Subsidiaries or Affiliates or any other Person obligated in respect of any Credit Document or (iv) the performance or observance by Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations
under any Credit Document, [in the case of an Auction: and (c) has read and agrees to all of the terms and conditions (including the pro ration procedures) of the Auction Procedures set forth in the Offer Documents]. The Assignor
will, upon request, execute and deliver any additional documents deemed by Administrative Agent or the Assignee to be necessary or desirable to complete the sale, assignment and transfer of the Assigned Interest. In the event that the Assignor has
determined for itself to not access any information disclosed by Assignee in connection with the Auction or this Assignment, the Assignor acknowledges that (i) other Lenders may have availed themselves of such information and (ii) none of
Borrower, the Auction Manager, and Administrative Agent has any responsibility for the Assignor’s decision to limit the scope of the information it has obtained in connection with its evaluation of the Auction or its decision to enter into this
Assignment. 

  

	 	1.2	 Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to
execute and deliver this Assignment and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement [In the case of assignments to Borrower: until such time as the Loans are automatically
cancelled without further action by any Person on the Affiliate Assignment Effective Date], (ii) it meets the requirements of an Eligible Assignee under the Credit Agreement, (iii) it has transmitted same day funds to the Assignor on the
Affiliate Assignment Effective Date, (iv) from and after the Affiliate Assignment Effective Date, it shall be bound by the provisions of the Credit Agreement and, to the extent of the Assigned Interest, shall have the obligations of a Lender
thereunder [In the case of assignments to Borrower: until such time as the Loans are automatically cancelled without further action by any Person on the Affiliate Assignment Effective

  
 EXHIBIT M C-6

	 	
Date], (v) [In the case of assignments to Affiliated Lenders: it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest
and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type], (vi) it has received a copy of the Credit Agreement, and has received or has been
accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 5.1 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and
decision to enter into this Assignment and to purchase the Assigned Interest, (vii) it has, independently and without reliance upon Administrative Agent or any other Lender and based on such documents and information as it has deemed
appropriate, made its own credit analysis and decision to enter into this Assignment and to purchase the Assigned Interest, [and] (viii) as of the date hereof, it is not in possession of any information regarding Borrower, its Subsidiaries or
its Affiliates, or their assets, Borrower’s ability to perform its Obligations or any other matter that would reasonably be expected to be material to a decision by any Lender (including the Assignor) to participate in any Auction, if
applicable, or enter into this Assignment or any of the transactions contemplated hereby that has not previously been disclosed to the Auction Manager, Administrative Agent and the Lenders [In the case of assignments to or by Affiliated
Lenders: , (ix) if it is a Non-US Lender, attached to this Assignment is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee, and (x) after
giving effect to this Assignment, the aggregate principal amount of Loans purchased by assignment pursuant to Section 10.6(j) of the Credit Agreement and held by Affiliated Lenders does not exceed 20% of the outstanding principal amount of all
Loans]; and (b) agrees that (i) it will, independently and without reliance on Administrative Agent, the Auction Manager, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the
time, continue to make its own credit decisions in taking or not taking action under the Credit Documents, and (ii) [In the case of assignments to Borrower: it acknowledges that the Assigned Interest shall, from and after the
Affiliate Assignment Effective Date, and without further action by any Person, be deemed cancelled for all purposes and no longer outstanding and that the Assignee shall have no ability to vote or receive payments in respect of the Assigned
Interest] [In the case of assignments to or by Affiliated Lenders: it acknowledges that it will perform in accordance with their terms all of the obligations which by the terms of the Credit Documents are required to be performed by it
as a Lender.] 

  

	 	1.3	No Violation of Laws. Each of the Assignor and Assignee acknowledges that it has not violated any applicable laws relating to this Assignment or the transactions
contemplated herein. 

 2. Payments. [In the case of assignments to Borrower: Payment to the Assignor by the
Assignee in respect of the settlement of the assignment of the Assigned Interest shall be paid by Assignee directly to the Assignor and shall include all unpaid interest that has accrued in respect of the Assigned Interest through the Affiliate
Assignment Effective Date. No interest shall accrue with respect to the Assigned Interest from and after the Affiliate Assignment Effective Date and such Assigned Interest shall, from and after the Affiliate Assignment Effective Date, and without
further action by any Person, be deemed cancelled for all purposes and no longer outstanding.] [In the case of assignments to or by Affiliated Lenders: From and after the Affiliate Assignment Effective Date, Administrative Agent shall
make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Affiliate Assignment Effective Date and to the Assignee for
amounts which have accrued from and after the Affiliate Assignment Effective Date. Notwithstanding the foregoing, Administrative Agent shall make all payments of interest, fees or other amounts paid or payable in kind from and after the Affiliate
Assignment Effective Date to the Assignee.] 
 3. [In the case of assignments to Affiliated Lenders: Certain Information.
Any Assignee that is an Affiliated Lender agrees that that it will not provide any information obtained by such Affiliated Lender in its capacity as a Lender to Sponsor or any Affiliate of Sponsor.] 

  
 EXHIBIT M C-7

 4. [In the case of assignments to Affiliated Lenders: Waivers. (i) The Assignee
shall have no right whatsoever so long as such Person is an Affiliated Lender: 
 (A) to vote with respect to any amendment,
modification, waiver, consent or other such action with respect to any of the terms of the Credit Agreement or any other Credit Document and that it shall be deemed to have voted its interest as a Lender without discretion in the same proportion as
the allocation of voting with respect to such matter by Lenders who are not Affiliated Lenders; provided that, notwithstanding the foregoing, (x) the Assignee shall be permitted to vote if such amendment, modification, waiver, consent or other
such action disproportionately affects the Assignee in its capacity as a Lender as compared to other Lenders, (y) no amendment, modification, waiver, consent or other action shall, without the consent of the Assignee, deprive the Assignee of
its share of any payments which the Lenders are entitled to share on a pro rata basis hereunder and (z) the Assignee shall be permitted to vote if such amendment, modification, waiver, consent or other such action would increase the commitment
of the Assignee, extend or postpone the final maturity or scheduled date of amortization, reduce the principal, interest (other than any waiver of any increase in the interest rate applicable to any Loan pursuant to Section 2.7 of the Credit
Agreement) or fees or release all or substantially all the value of the Guarantees or to release liens on all or substantially all of the collateral except as expressly provided in the Credit Documents; 

(B) to attend (or receive any notice of) any meeting, conference call or correspondence with Administrative Agent or any Lender or
receive any information from Administrative Agent or any other Lender (other than notices of borrowings, prepayments and other administrative notices in respect of its Loans or Commitments required to be delivered to Lenders pursuant to
Section 2 of the Credit Agreement); or 
 (C) to make or bring any claim, in its capacity as Lender, against Administrative
Agent, any other Agent or any Lender with respect to the duties and obligations of such Persons under the Credit Documents; 
 (ii) If any
Credit Party shall be subject to any voluntary or involuntary proceeding commenced under any Debtor Relief Law: 
 (A) the
Assignee shall not take any step or action (whether directly or indirectly) in such proceeding to object to, impede, or delay the exercise of any right or the taking of any action by Administrative Agent (or the taking of any action by a third party
that to which Administrative Agent has consented with respect to any disposition of assets by Borrower or any equity or debt financing to be made to Borrower), including, without limitation, the filing of any pleading by Administrative Agent) in (or
with respect to any matters related to) the proceeding so long as Administrative Agent is not taking any action to treat the Assignee’s Loans in a manner that is less favorable to the Assignee in any material respect than the proposed treatment
of similar Obligations held by other Lenders (including, without limitation, objecting to any debtor-in-possession financing, use of Cash collateral, grant of adequate protection, sale or disposition, compromise or plan of reorganization);

  
 EXHIBIT M C-8

 (B) the provisions set forth in Section 10.6(j) of the Credit Agreement, and this
Section 4, constitute (x) a “subordination agreement” as such term is contemplated by, and utilized in, Section 510(a) of the Bankruptcy Code, and, as such, would be enforceable for all purposes in any case where a Credit
Party has filed for protection under any Debtor Relief Laws and affecting the rights of creditors generally applicable to such Credit Party and (y) an irrevocable voting proxy coupled with a pledge in favor of Administrative Agent with respect
to voting obligations set forth in Section 10.6(j) of the Credit Agreement, and this Section 4; 
 (C) the Assignee
shall support and shall not object to (x) any use of Cash collateral (including, without limitation, any and all terms of any Cash collateral order) and/or any debtor-in-possession financing (including, without limitation, any and all terms of
any financing agreement, related documents and financing order) that is supported by or consented to by Administrative Agent and (y) any sale of any assets of the Credit Parties, whether under Section 363 of the Bankruptcy Code or
otherwise, that is supported by or consented to by Administrative Agent (including, without limitation, the terms and conditions of any bidding procedures orders, sale orders and any and all purchase and sale agreements and related documents);

 (D) the Assignee shall be deemed to have voted in such proceedings in the same proportion as the allocation of voting with
respect to such matter by those Lenders who are not Affiliated Lenders, except to the extent that any plan under the Bankruptcy Code proposes to treat the Obligations held by the Assignee in a manner that is less favorable to the Assignee in any
material respect than the proposed treatment of similar Obligations held by other Lenders. For the avoidance of doubt, except to the extent that any plan under the Bankruptcy Code proposes to treat the Obligations held by the Assignee in a manner
that is less favorable to the Assignee in any material respect than the proposed treatment of similar Obligations held by other Lenders, Administrative Agent is hereby irrevocably authorized and empowered (in the name of the Assignee) to vote on
behalf of the Assignee or consent on behalf of the Assignee in any such proceedings with respect to any and all claims of the Assignee relating to the Obligations. The Assignee agrees and acknowledges that the foregoing constitutes an irrevocable
proxy in favor of Administrative Agent to vote or consent on behalf of the Assignee in any proceeding in the manner set forth above and that the Assignee shall be irrevocably bound to any such votes made or consents given and further shall not
challenge or otherwise object to such votes or consents and shall not itself vote or provide consents in the proceeding; and 

(E) the Assignee hereby expressly and irrevocably waives, for the benefit of Administrative Agent and the Lenders any principles or
provisions of law (including as set forth in any Debtor Relief Law, statutory or otherwise) which are or might be in conflict with the terms of this Assignment and any legal or equitable discharge of the Assignee’s obligations hereunder.]

 5. No Default. On the Affiliate Assignment Effective Date, no Default or Event of Default has occurred and is continuing or would
result from this Assignment. 
 6. General Provisions. This Assignment shall be binding upon, and inure to the benefit of, the parties
hereto and their respective successors and assigns. This Assignment may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment by telecopy
shall be effective as delivery of a manually executed counterpart of this Assignment. This Assignment shall be governed by, and construed in accordance with, the internal laws of the State of New York without regard to conflict of laws principles
thereof that would require the application of laws other than those of the State of New York. 

  
 EXHIBIT M C-9

 EXHIBIT N TO 
 CREDIT AND GUARANTY AGREEMENT 
 INTERCREDITOR AGREEMENT 

[Separately Attached] 
 Insert Exhibit 10.1 (File 3C) NewPage—Intercreditor Agreement Execution Version 4.doc here 

  
 EXHIBIT N-1

 EXHIBIT O TO 
 CREDIT AND GUARANTY AGREEMENT 
 ADMINISTRATIVE INCUMBENCY CERTIFICATE

 Reference is made to the Credit and Guaranty Agreement, dated as of December 21, 2012 the terms defined therein and
not otherwise defined herein being used herein as therein defined), by and among NEWPAGE CORPORATION, a Delaware corporation (“Borrower”), NEWPAGE INVESTMENT COMPANY LLC, a Delaware limited liability company, certain
Subsidiaries of Borrower, as Guarantors, the Lenders party thereto from time to time, GOLDMAN SACHS LENDING PARTNERS LLC, as Syndication Agent, BARCLAYS BANK PLC, as Administrative Agent and Collateral Agent, J.P. MORGAN SECURITIES
LLC, as Documentation Agent, and the other parties thereto. 
 The following persons are now duly elected and qualified
officers of Borrower, each holding the respective office or offices indicated next to his or her name below, and the signature set forth opposite his or her name below is the true and genuine signature of such officer, and such officer is duly
authorized to execute and deliver, on behalf of Borrower, the Notices to be delivered by Borrower pursuant to the Credit Documents: 
  

					
	 Name
	  	 Office
	  	 Signature

		  		  	  

		  		  	  

		  		  	  

		  		  	  

		  		  	  

 [Remainder of page intentionally left blank] 

  
 EXHIBIT O-1

 IN WITNESS WHEREOF, I have caused this Certificate to be duly executed and delivered
as of the date and at the place first written above. 
  

			
	By:	 	  

	Name:	 	
	Title:	 	

  
 EXHIBIT O-2

 PLEDGE AND SECURITY AGREEMENT 

dated as of December 21, 2012 
 among 
 EACH OF THE GRANTORS PARTY HERETO 

and 

BARCLAYS BANK PLC, 
 as Collateral Agent 

 TABLE OF CONTENTS 

 

					
	 	  	PAGE	 
	 SECTION 1. DEFINITIONS; GRANT OF SECURITY
	  	 	1	  
	 1.1 General Definitions
	  	 	1	  
	 1.2 Definitions; Interpretation
	  	 	6	  
		
	 SECTION 2. GRANT OF SECURITY
	  	 	7	  
	 2.1 Grant of Security
	  	 	7	  
	 2.2 Certain Limited Exclusions
	  	 	8	  
		
	 SECTION 3. SECURITY FOR OBLIGATIONS; GRANTORS REMAIN LIABLE
	  	 	9	  
	 3.1 Security for Obligations
	  	 	9	  
	 3.2 Continuing Liability Under Collateral
	  	 	9	  
		
	 SECTION 4. CERTAIN PERFECTION REQUIREMENTS
	  	 	10	  
	 4.1 Delivery Requirements
	  	 	10	  
	 4.2 Control Requirements
	  	 	10	  
	 4.3 Intellectual Property Recording Requirements
	  	 	11	  
	 4.4 Other Actions
	  	 	12	  
	 4.5 Timing and Notice
	  	 	12	  
		
	 SECTION 5. REPRESENTATIONS AND WARRANTIES
	  	 	13	  
	 5.1 Grantor Information and Status
	  	 	13	  
	 5.2 Collateral Identification, Special Collateral
	  	 	13	  
	 5.3 Ownership of Collateral and Absence of Other Liens
	  	 	14	  
	 5.4 Status of Security Interest
	  	 	14	  
	 5.5 Goods and Receivables
	  	 	15	  
	 5.6 Pledged Equity Interests, Investment Related Property
	  	 	16	  
	 5.7 Intellectual Property
	  	 	16	  
	 5.8 Miscellaneous
	  	 	17	  
		
	 SECTION 6. COVENANTS AND AGREEMENTS
	  	 	18	  
	 6.1 Grantor Information and Status
	  	 	18	  
	 6.2 Collateral Identification; Special Collateral
	  	 	18	  
	 6.3 Ownership of Collateral and Absence of Other Liens
	  	 	18	  
	 6.4 Status of Security Interest
	  	 	19	  
	 6.5 Goods and Receivables
	  	 	19	  
	 6.6 Pledged Equity Interests, Investment Related Property
	  	 	20	  
	 6.7 Intellectual Property
	  	 	22	  
		
	 SECTION 7. FURTHER ASSURANCES; ADDITIONAL GRANTORS
	  	 	23	  
	 7.1 Further Assurances
	  	 	23	  
	 7.2 Additional Grantors
	  	 	24	  
		
	 SECTION 8. COLLATERAL AGENT APPOINTED ATTORNEY-IN-FACT
	  	 	25	  
	 8.1 Power of Attorney
	  	 	25	  
	 8.2 No Duty on the Part of Collateral Agent or Secured Parties
	  	 	26	  
	 8.3 Appointment Pursuant to Credit Agreement
	  	 	26	  

  
 i 

					
		
	 SECTION 9. REMEDIES
	  	 	26	  
	 9.1 Generally
	  	 	26	  
	 9.2 Application of Proceeds
	  	 	28	  
	 9.3 Sales on Credit
	  	 	28	  
	 9.4 Investment Related Property
	  	 	28	  
	 9.5 Grant of Intellectual Property License
	  	 	29	  
	 9.6 Intellectual Property
	  	 	29	  
	 9.7 Cash Proceeds; Deposit Accounts
	  	 	30	  
		
	 SECTION 10. COLLATERAL AGENT
	  	 	31	  
		
	 SECTION 11. CONTINUING SECURITY INTEREST; TRANSFER OF LOANS
	  	 	31	  
		
	 SECTION 12. STANDARD OF CARE; COLLATERAL AGENT MAY PERFORM
	  	 	32	  
		
	 SECTION 13. MISCELLANEOUS
	  	 	32	  
		
	 SECTION 14. ACKNOWLEDGEMENT
	  	 	33	  
		
	 SCHEDULE 5.1 — GENERAL INFORMATION
	  			
		
	 SCHEDULE 5.2 — COLLATERAL IDENTIFICATION
	  			
		
	 SCHEDULE 5.4 — FINANCING STATEMENTS
	  			
		
	 SCHEDULE 5.5 — LOCATION OF EQUIPMENT AND INVENTORY
	  			
		
	 EXHIBIT A — PLEDGE SUPPLEMENT
	  			
		
	 EXHIBIT B — TRADEMARK SECURITY AGREEMENT
	  			
		
	 EXHIBIT C — PATENT SECURITY AGREEMENT
	  			
		
	 EXHIBIT D — COPYRIGHT SECURITY AGREEMENT
	  			

  
 ii 

 This PLEDGE AND SECURITY AGREEMENT, dated as of December 21, 2012 (as it may be
amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), among NewPage Investment Company LLC, a Delaware limited liability company (“Holdings”), NewPage Corporation, a Delaware
corporation (“Borrower”), each of the subsidiaries of the Borrower party hereto from time to time, whether as an original signatory hereto or as an Additional Grantor (as herein defined) (together with Holdings and the Borrower,
each, a “Grantor” and collectively, the “Grantors”), and Barclays Bank PLC (“Barclays”), as collateral agent for the Secured Parties (as herein defined) (in such capacity as collateral agent,
together with its successors and permitted assigns, the “Collateral Agent”). 
 RECITALS: 

WHEREAS, reference is made to that certain Credit and Guaranty Agreement, dated as of the date hereof (as it may be amended,
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among Borrower, Holdings, certain subsidiaries of Borrower, as Guarantors, the lenders party thereto from time to time (the
“Lenders”), Goldman Sachs Lending Partners LLC (“Goldman Sachs”), as Syndication Agent, Barclays, as Administrative Agent and Collateral Agent, and J.P. Morgan Securities, LLC, as Documentation Agent, and the other
parties thereto; 
 WHEREAS, subject to the terms and conditions of the Credit Agreement, certain Grantors may enter into
one or more Hedge Agreements with one or more Lender Counterparties and/or one or more Cash Management Agreements with one or more Cash Management Providers; and 
 WHEREAS, in consideration of the extensions of credit and other accommodations of Lenders, Lender Counterparties and Cash Management Providers as set forth in the Credit Agreement, the Hedge
Agreements and the Cash Management Agreements, respectively, each Grantor has agreed to secure such Grantor’s obligations under the Credit Documents, the Hedge Agreements and the Cash Management Agreements as set forth herein. 

NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, and for other good
and valuable consideration the receipt and sufficiency of which is hereby acknowledged, each Grantor and the Collateral Agent agree as follows: 

SECTION 1. DEFINITIONS; GRANT OF SECURITY. 
 1.1 General Definitions. In this Agreement, the following terms shall have the following meanings: 
 “Additional Grantors” shall have the meaning assigned in Section 7.2. 
 “Agreement” shall have the meaning set forth in the preamble. 

“Borrower” shall have the meaning set forth in the preamble. 

“Cash Proceeds” shall have the meaning assigned in Section 9.7. 

 “Closing Date Excluded Equity” shall mean any Equity Interests owned by any
Grantor in any of Androscoggin Reservoir Company, Consolidated Water Power Company or Gulf Island Pond Oxygenation Project. 

“Collateral” shall have the meaning assigned in Section 2.1. 

“Collateral Agent” shall have the meaning set forth in the preamble. 

“Collateral Records” shall mean books, records, ledger cards, files, correspondence, customer lists, supplier lists,
blueprints, technical specifications, manuals, computer software and related documentation, computer printouts, tapes, disks and other electronic storage media and related data processing software and similar items that at any time evidence or
contain information relating to any of the Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon. 
 “Collateral Support” shall mean all property (real or personal) assigned, hypothecated or otherwise securing any Collateral and shall include any security agreement or other agreement
granting a lien or security interest in such real or personal property. 
 “Control” shall mean: (1) with
respect to any Deposit Accounts, control within the meaning of Section 9-104 of the UCC, (2) with respect to any Securities Accounts, Security Entitlements, Commodity Contract or Commodity Account, control within the meaning of
Section 9-106 of the UCC, (3) with respect to any Uncertificated Securities, control within the meaning of Section 8-106(c) of the UCC, (4) with respect to any Certificated Security, control within the meaning of
Section 8-106(a) or (b) of the UCC, (5) with respect to any Electronic Chattel Paper, control within the meaning of Section 9-105 of the UCC and (6) with respect to any “transferable record” (as that term is
defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction), control within the meaning of
Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or in Section 16 of the Uniform Electronic Transactions Act as in effect in the jurisdiction relevant to such transferable record. 

“Copyright Licenses” shall mean all written agreements containing the express grant of any right in or to any Copyright
(whether such Grantor is licensee or licensor thereunder) including, without limitation, each agreement required to be listed in Schedule 5.2(II) under the heading “Copyright Licenses” (as such schedule may be amended or supplemented from
time to time). 
 “Copyrights” shall mean all United States and foreign copyrights (whether or not the
underlying works of authorship have been published), including but not limited to copyrights in software and all rights in and to databases, all designs (including but not limited to industrial designs, Protected Designs within the meaning of 17
U.S.C. 1301 et. Seq. and Community designs), and all Mask Works (as defined under 17 U.S.C. 901 of the U.S. Copyright Act), whether registered or unregistered, as well as all moral rights, reversionary interests, and termination rights, and, with
respect to any and all of the foregoing: (i) all registrations and applications therefor including, without limitation, the registrations and applications required to be listed in Schedule 5.2(II) under the heading “Copyrights” (as
such schedule may be amended or supplemented from time to time), (ii) all extensions and renewals thereof, (iii) the right to sue or otherwise recover for any past, present and future infringement or other violation thereof, (iv) all
Proceeds of the foregoing, including, without limitation, license fees, royalties, income, payments, claims, damages and proceeds of suit now or hereafter due and/or payable with respect thereto, and (v) all other rights of any kind accruing
thereunder or pertaining thereto throughout the world. 

  
 2 

 “Credit Agreement” shall have the meaning set forth in the recitals.

 “Excluded Asset” shall mean any asset of any Grantor excluded from the security interest hereunder by virtue
of Section 2.2 hereof but only to the extent, and for so long as, so excluded thereunder. 
 “Grantors”
shall have the meaning set forth in the preamble. 
 “Holdings” shall have the meaning set forth in the
preamble. 
 “Insurance” shall mean (i) all insurance policies covering any or all of the Collateral
(regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies. 

“Intellectual Property” shall mean, the collective reference to all rights, priorities and privileges relating to
intellectual property, whether arising under the United States, multinational or foreign laws or otherwise, including without limitation, Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks, Trademark Licenses, Trade Secrets, and
Trade Secret Licenses, and the right to sue or otherwise recover for any past, present and future infringement, dilution, misappropriation, or other violation or impairment thereof, including the right to receive all Proceeds therefrom, including
without limitation license fees, royalties, income, payments, claims, damages and proceeds of suit, now or hereafter due and/or payable with respect thereto. 
 “Intellectual Property Security Agreement” shall mean each intellectual property security agreement executed and delivered by the applicable Grantors, substantially in the form set forth
in Exhibit B, Exhibit C and Exhibit D, as applicable. 
 “Investment Accounts” shall mean the Term Loan Asset
Proceeds Account, Securities Accounts, Commodity Accounts and Deposit Accounts. 
 “Investment Related
Property” shall mean: (i) all “investment property” (as such term is defined in Article 9 of the UCC) and (ii) all of the following (regardless of whether classified as investment property under the UCC): all Pledged
Equity Interests, Pledged Debt, the Investment Accounts and certificates of deposit. 
 “Lenders” shall have
the meaning set forth in the recitals. 
 “Majority Holder” shall have the meaning set forth in
Section 10. 
 “Material Intellectual Property” shall mean any Intellectual Property included in the
Collateral that is material to the conduct of the business of the Grantors (taken as a whole) or is otherwise of material value to the Grantors (taken as a whole). 
 “Patent Licenses” shall mean all written agreements containing the express grant of any right in or to any Patent (whether such Grantor is licensee or licensor thereunder) including,
without limitation, each agreement required to be listed in Schedule 5.2(II) under the heading “Patent Licenses” (as such schedule may be amended or supplemented from time to time). 

  
 3 

 “Patents” shall mean all United States and foreign patents and certificates
of invention, or similar industrial property rights, and applications for any of the foregoing, including, without limitation: (i) each patent and patent application required to be listed in Schedule 5.2(II) under the heading
“Patents” (as such schedule may be amended or supplemented from time to time), (ii) all reissues, divisions, continuations, continuations-in-part, extensions, renewals, and reexaminations thereof, (iii) all patentable inventions
and improvements thereto, (iv) the right to sue or otherwise recover for any past, present and future infringement or other violation thereof, (v) all Proceeds of the foregoing, including, without limitation, license fees, royalties,
income, payments, claims, damages, and proceeds of suit now or hereafter due and/or payable with respect thereto, and (vi) all other rights of any kind accruing thereunder or pertaining thereto throughout the world. 

“Pledge Supplement” shall mean any supplement to this Agreement in substantially the form of Exhibit A. 

“Pledged Debt” shall mean all indebtedness for borrowed money owed to such Grantor, whether or not evidenced by any
Instrument, including, without limitation, all indebtedness described on Schedule 5.2(I) under the heading “Pledged Debt” (as such schedule may be amended or supplemented from time to time), issued by the obligors named therein, the
instruments, if any, evidencing any of the foregoing, and all interest, cash, instruments and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the foregoing.

 “Pledged Equity Interests” shall mean all Pledged Stock, Pledged LLC Interests, Pledged Partnership
Interests and any other participation or interests in any equity or profits of any business entity including, without limitation, any trust and all management rights associated with owning such Pledged Stock, Pledged LLC Interests, Pledged
Partnership Interests and other participation or interests in any entity whose equity interests are included as Pledged Equity Interests. 
 “Pledged LLC Interests” shall mean all interests in any limited liability company and each series thereof including, without limitation, all limited liability company interests listed on
Schedule 5.2(I) under the heading “Pledged LLC Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such limited liability company interests and any interest of such
Grantor on the books and records of such limited liability company or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and
other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such limited liability company interests and all rights associated owning such Pledged LLC Interests.

 “Pledged Partnership Interests” shall mean all interests in any general partnership, limited partnership,
limited liability partnership or other partnership including, without limitation, all partnership interests listed on Schedule 5.2(I) under the heading “Pledged Partnership Interests” (as such schedule may be amended or supplemented from
time to time) and the certificates, if any, representing such partnership interests and any interest of such Grantor on the books and records of such partnership or on the books and records of any securities intermediary pertaining to such interest
and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such partnership
interests and all rights associated with owning such Pledged Partnership Interests. 

  
 4 

 “Pledged Stock” shall mean all shares of capital stock owned by such
Grantor, including, without limitation, all shares of capital stock described on Schedule 5.2(I) under the heading “Pledged Stock” (as such schedule may be amended or supplemented from time to time), and the certificates, if any,
representing such shares and any interest of such Grantor in the entries on the books of the issuer of such shares or on the books of any securities intermediary pertaining to such shares, and all dividends, distributions, cash, warrants, rights,
options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such shares. 

“Receivables” shall mean all rights to payment, whether or not earned by performance, for goods or other property sold,
leased, licensed, assigned or otherwise disposed of, or services rendered or to be rendered, including, without limitation all such rights constituting or evidenced by any Account, Chattel Paper, Instrument, General Intangible or Investment Related
Property, together with all of Grantor’s rights, if any, in any goods or other property giving rise to such right to payment and all Collateral Support and Supporting Obligations related thereto and all Receivables Records. 

“Receivables Records” shall mean (i) all original copies of all documents, instruments or other writings or
electronic records or other Records evidencing the Receivables, (ii) all books, correspondence, credit or other files, Records, ledger sheets or cards, invoices, and other papers relating to Receivables, including, without limitation, all
tapes, cards, computer tapes, computer discs, computer runs, record keeping systems and other papers and documents relating to the Receivables, whether in the possession or under the control of Grantor or any computer bureau or agent from time to
time acting for Grantor or otherwise, (iii) all evidences of the filing of financing statements and the registration of other instruments in connection therewith, and amendments, supplements or other modifications thereto, notices to other
creditors, secured parties or agents thereof, and certificates, acknowledgments, or other writings, including, without limitation, lien search reports, from filing or other registration officers, (iv) all credit information, reports and
memoranda relating thereto and (v) all other written or non-written forms of information related in any way to the foregoing or any Receivable. 
 “Secured Obligations” shall have the meaning assigned in Section 3.1. 
 “Secured Parties” shall mean the Agents, Lenders, the Lender Counterparties and the Cash Management Providers and shall include, without limitation, all former Agents, Lenders, Lender
Counterparties and Cash Management Providers to the extent that any Obligations owing to such Persons were incurred while such Persons were Agents, Lenders, Lender Counterparties or Cash Management Providers and such Obligations have not been paid
or satisfied in full. 
 “Trademark Licenses” shall mean any written agreements containing the express grant of
any right in or to any Trademark or otherwise providing for a covenant not to sue for infringement dilution or other violation of any Trademark or permitting co-existence with respect to a Trademark (whether such Grantor is licensee or licensor
thereunder) including, without limitation, each agreement required to be listed in Schedule 5.2(II) under the heading “Trademark Licenses” (as such schedule may be amended or supplemented from time to time). 

  
 5 

 “Trademarks” shall mean all United States, and foreign trademarks, trade
names, trade dress, corporate names, company names, business names, fictitious business names, Internet domain names, service marks, certification marks, collective marks, logos, other source or business identifiers, designs and general intangibles
of a like nature, whether or not registered, and with respect to any and all of the foregoing: (i) all registrations and applications therefor including, without limitation, the registrations and applications required to be listed in Schedule
5.2(II) under the heading “Trademarks” (as such schedule may be amended or supplemented from time to time), (ii) all extensions or renewals of any of the foregoing, (iii) all of the goodwill of the business connected with the use
of and symbolized by any of the foregoing, (iv) the right to sue or otherwise recover for any past, present and future infringement, dilution or other violation of any of the foregoing or for any injury to the related goodwill, (v) all
Proceeds of the foregoing, including, without limitation, license fees, royalties, income, payments, claims, damages, and proceeds of suit now or hereafter due and/or payable with respect thereto, and (vi) all other rights of any kind accruing
thereunder or pertaining thereto throughout the world. 
 “Trade Secret Licenses” shall mean any written
agreements containing the express grant of any right in or to Trade Secrets (whether such Grantor is licensee or licensor thereunder) including, without limitation, each agreement required to be listed in Schedule 5.2(II) under the heading
“Trade Secret Licenses” (as such schedule may be amended or supplemented from time to time). 
 “Trade
Secrets” shall mean all trade secrets and all other confidential or proprietary information and know-how whether or not the foregoing has been reduced to a writing or other tangible form, including all documents and things embodying,
incorporating, or referring in any way to the foregoing, and with respect to any and all of the foregoing: (i) the right to sue or otherwise recover for any past, present and future misappropriation or other violation thereof, (ii) all
Proceeds of the foregoing, including, without limitation, license fees, royalties, income, payments, claims, damages, and proceeds of suit now or hereafter due and/or payable with respect thereto; and (iii) all other rights of any kind accruing
thereunder or pertaining thereto throughout the world. 
 “UCC” shall mean the Uniform Commercial Code as in
effect from time to time in the State of New York; provided, however, that in the event that, by reason of mandatory provisions of law, any or all of the perfection or priority of, or remedies with respect to, any Collateral is
governed by the Uniform Commercial Code as enacted and in effect in a jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely for
purposes of the provisions hereof relating to such perfection, priority or remedies. 
 “United States” shall
mean the United States of America. 
 1.2 Definitions; Interpretation. 

(a) In this Agreement, the following capitalized terms shall have the meaning given to them in the UCC (and, if defined in more than one
Article of the UCC, shall have the meaning given in Article 9 thereof): Account, Account Debtor, As-Extracted Collateral, Bank, Certificated Security, Chattel Paper, Commercial Tort Claims, Commodity Account, Commodity Contract, Commodity
Intermediary, Consignee, Consignment, Consignor, Deposit Account, Document, Entitlement Order, Electronic Chattel Paper, Equipment, Farm Products, General Intangibles, Goods, Health-Care-Insurance Receivable, Instrument, Inventory, Letter of Credit
Right, Manufactured Home, Money, Negotiable Instrument, Payment Intangibles, Proceeds, Record, Securities Account, Securities Intermediary, Security Certificate, Security Entitlement, Supporting Obligations, Tangible Chattel Paper and Uncertificated
Security. 

  
 6 

 (b) All other capitalized terms used herein (including the preamble and recitals hereto) and
not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement. The incorporation by reference of terms defined in the Credit Agreement shall survive any termination of the Credit Agreement until this Agreement is
terminated as provided in Section 11 hereof. Any of the terms defined herein may, unless the context otherwise requires, be used in the singular or the plural, depending on the reference. References herein to any Section, Appendix, Schedule or
Exhibit shall be to a Section, an Appendix, a Schedule or an Exhibit, as the case may be, hereof unless otherwise specifically provided. The use herein of the word “include” or “including”, when following any general statement,
term or matter, shall not be construed to limit such statement, term or matter to the specific items or matters set forth immediately following such word or to similar items or matters, whether or not non-limiting language (such as “without
limitation” or “but not limited to” or words of similar import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that fall within the broadest possible scope of such general statement,
term or matter. The terms lease and license shall include sub-lease and sub-license, as applicable. If any conflict or inconsistency exists between this Agreement and the Credit Agreement, the Credit Agreement shall govern. All references herein to
provisions of the UCC shall include all successor provisions under any subsequent version or amendment to any Article of the UCC. 

SECTION 2. GRANT OF SECURITY. 
 2.1 Grant of Security. Each Grantor hereby grants to the Collateral Agent, for the benefit of the Secured Parties, a security interest in and continuing lien on all of such Grantor’s right,
title and interest in, to and under all personal property of such Grantor including, but not limited to the following, in each case whether now or hereafter existing or in which any Grantor now has or hereafter acquires an interest and wherever the
same may be located (all of which being hereinafter collectively referred to as the “Collateral”): 
 (a)
Accounts; 
 (b) Chattel Paper; 
 (c) Documents; 
 (d) General Intangibles (including, without limitation, all
contingent rights with respect to warranties on Accounts which are not yet Payment Intangibles); 
 (e) Equipment; 

(f) Inventory and all documents, customs receipts, insurance certificates, shipping documents, and other written materials related to the
purchase or import of Inventory; 
 (g) Goods; 
 (h) Instruments; 
 (i) Insurance; 

  
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 (j) Intellectual Property; 

(k) Investment Related Property (including, without limitation, Deposit Accounts and all cash, checks and other Negotiable Instruments,
funds and other evidences of payments held therein and Securities Accounts and all cash, checks and other property held therein or credited thereto); 
 (l) Letter of Credit Rights; 
 (m) Money; 

(n) Receivables and Receivable Records; 
 (o) Commercial Tort Claims now or hereafter described on Schedule 5.2; 
 (p) to the
extent not otherwise included above, all other personal property of any kind and all Collateral Records, Collateral Support and Supporting Obligations relating to any of the foregoing; and 

(q) to the extent not otherwise included above, all Proceeds, products, accessions, rents, insurance proceeds, licenses, royalties,
income, payments, claims, damages, proceeds of suits and profits of or in respect of any of the foregoing. 
 2.2 Certain
Limited Exclusions. Notwithstanding anything herein to the contrary, in no event shall the Collateral (nor any component thereof) include or the security interest granted under Section 2.1 hereof attach to (a) any lease, license,
contract or agreement to which any Grantor is a party, or any property of a Grantor subject to a purchase money security interest or similar arrangement, and any of its rights or interest thereunder, if and to the extent that a security interest
(i) would create a right of termination in favor of any other party thereto (other than any other Grantor) or (ii) is prohibited by or in violation of any (A) law, rule or regulation applicable to such Grantor (including any
requirement to obtain the consent of any Governmental Authority or third party), or (B) term, provision or condition of any such lease, license, contract, agreement or purchase money arrangement (unless such law, rule, regulation, term,
provision or condition would be rendered ineffective with respect to the creation of the security interest hereunder pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction
or any other applicable law (including the Bankruptcy Code) or principles of equity); provided however that the Collateral shall include (and such security interest shall attach) immediately at such time as the contractual or legal
prohibition shall no longer be applicable and to the extent severable, shall attach immediately to any portion of such lease, license, contract, agreement or purchase money arrangement not subject to the prohibitions specified in (i) or
(ii) above; (b) any other assets of a Grantor, if and to the extent that a security interest is prohibited by or in violation of any law, rule or regulation applicable to such Grantor (including any requirement to obtain the consent of any
Governmental Authority or third party) (unless such law, rule or regulation would be rendered ineffective with respect to the creation of the security interest hereunder pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor
provision or provisions) of any relevant jurisdiction or any other applicable law (including the Bankruptcy Code) or principles of equity); provided however that the Collateral shall include (and such security interest shall attach)
immediately at such time as the legal prohibition shall no longer be applicable and to the extent severable, shall attach immediately to any portion of such assets not subject to the prohibitions specified above in this clause (b);
(c) (i) any Equity Interests representing more than 65% of the total combined voting 

  
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power of a CFC Subsidiary, (ii) any Equity Interests representing more than 65% of the total combined voting power of a Disregarded Entity that owns a CFC Subsidiary, (iii) any assets
of a CFC Subsidiary or (iv) any assets of a Disregarded Entity that is a Subsidiary of a CFC Subsidiary; provided that immediately upon the amendment of the Internal Revenue Code to allow the pledge of a greater percentage of the voting
power of capital stock in a CFC Subsidiary without adverse tax consequences to the Grantors or any of their Subsidiaries, the Collateral shall include, and the security interest granted by each Grantor shall attach to, such greater percentage of
capital stock of each CFC Subsidiary; (d) any “intent-to-use” application for registration of a Trademark filed pursuant to Section 1(b) of the Lanham Act, 15 U.S.C. § 1051, prior to the filing of a “Statement of
Use” pursuant to Section 1(d) of the Lanham Act or an “Amendment to Allege Use” pursuant to Section 1(c) of the Lanham Act with respect thereto, solely to the extent, if any, that, and solely during the period, if any, in
which, the grant of a security interest therein would impair the validity or enforceability of any registration that issues from such intent-to-use application under applicable federal law; (e) motor vehicles and other assets subject to
certificates of title; (f) Letter of Credit Rights, except to the extent perfection can be obtained by the filing of a UCC financing statement; (g) Commercial Tort Claims with an individual value less than $3,000,000 or $7,500,000 in the
aggregate; (h) any governmental licenses or state or local franchises, charters and authorizations, to the extent security interests in such licenses, franchises, charters or authorizations are prohibited or restricted thereby; (i) Margin
Stock and Equity Interests in any captive insurance company, special purpose entities or any Person other than wholly-owned Subsidiaries to the extent not permitted by the terms of such Person’s Organizational Documents or joint venture
documents; (j) (i) payroll and other employee wage and benefit accounts, (ii) tax accounts, including, without limitation, sales tax accounts, (iii) escrow accounts and (iv) fiduciary or trust accounts, and, in the case of
foregoing clauses (i) through (iv), the funds or other property held in or maintained in any such account; (k) any Closing Date Excluded Equity Interests, (l) any assets to the extent a security interest in such assets would result in
material adverse tax or regulatory consequences as reasonably determined by the Borrower and the Collateral Agent; and (m) any assets to the extent the cost of obtaining a security interest in such assets exceeds the practical benefit to the
Lenders afforded thereby (as reasonably determined by the Collateral Agent); provided that the exclusions referred to in clauses (a) through (m) of this Section 2.2 shall not include any Proceeds of any such assets unless such
Proceeds would otherwise be excluded by virtue of being the type of asset described in clauses (a) through (m) of this Section 2.2. Notwithstanding anything herein to the contrary, other than any actions required with respect to the
pledge by any Grantor of the stock of any of its Foreign Subsidiaries, no actions in any foreign jurisdiction shall be required in order to create any security interests in assets located or titled outside of the United States. 

SECTION 3. SECURITY FOR OBLIGATIONS; GRANTORS REMAIN LIABLE. 
 3.1 Security for Obligations. This Agreement secures, and the Collateral is collateral security for, the prompt and complete payment or performance in full when due, whether at stated maturity, by
required prepayment, declaration, acceleration, demand or otherwise (including the payment of amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. §362(a) (and any
successor provision thereof)), of all Obligations (the “Secured Obligations”). 
 3.2 Continuing Liability
Under Collateral. Notwithstanding anything herein to the contrary, (i) each Grantor shall remain liable for all obligations under the Collateral and nothing contained herein is intended or shall be a delegation of duties to the Collateral
Agent or any other Secured Party, (ii) each Grantor shall remain liable under each of the agreements included in the Collateral, including, without limitation, any agreements relating to Pledged Partnership Interests

  
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or Pledged LLC Interests, to perform all of the obligations undertaken by it thereunder all in accordance with and pursuant to the terms and provisions thereof and neither the Collateral Agent
nor any other Secured Party shall have any obligation or liability under any of such agreements by reason of or arising out of this Agreement or any other document related thereto nor shall the Collateral Agent nor any other Secured Party have any
obligation to make any inquiry as to the nature or sufficiency of any payment received by it or have any obligation to take any action to collect or enforce any rights under any agreement included in the Collateral, including, without limitation,
any agreements relating to Pledged Partnership Interests or Pledged LLC Interests, and (iii) the exercise by the Collateral Agent of any of its rights hereunder shall not release any Grantor from any of its duties or obligations under the
contracts and agreements included in the Collateral. 
 SECTION 4. CERTAIN PERFECTION REQUIREMENTS 

4.1 Delivery Requirements. 
 (a) With respect to any Certificated Securities included in the Collateral, each Grantor shall deliver to the Collateral Agent the Security Certificates evidencing such Certificated Securities duly
indorsed by an effective indorsement (within the meaning of Section 8-107 of the UCC), or accompanied by share transfer powers or other instruments of transfer duly indorsed by such an effective indorsement, in each case, to the Collateral
Agent or in blank. In addition, each Grantor shall cause any certificates evidencing any Pledged Equity Interests, including, without limitation, any Pledged Partnership Interests or Pledged LLC Interests, to be similarly delivered to the Collateral
Agent regardless of whether such Pledged Equity Interests constitute Certificated Securities. 
 (b) With respect to any
Instruments or Tangible Chattel Paper included in the Collateral, each Grantor shall deliver to the Collateral Agent (or, subject to the Intercreditor Agreement, the Revolving Administrative Agent) all such Instruments or Tangible Chattel Paper duly
indorsed in blank; provided, however, that such delivery requirement shall not apply to any Instruments or Tangible Chattel Paper (other than the Intercompany Note) having a face amount of less than $3,000,000 individually or
$7,500,000 in the aggregate. 
 4.2 Control Requirements. 

(a) With respect to any Deposit Account (including the Term Loan Asset Proceeds Account), Securities Account, Security Entitlement,
Commodity Account or Commodity Contract included in the Collateral, each Grantor shall ensure that the Collateral Agent has, subject to the priorities set forth in the Intercreditor Agreement, Control thereof; provided, however, that
such Control requirement shall not apply to any Deposit Account (other than the Term Loan Asset Proceeds Account), Securities Account, Security Entitlement, Commodity Account or Commodity Contract unless the Revolving Administrative Agent has
Control of such Deposit Account, Securities Account, Security Entitlement, Commodity Account or Commodity Contract; provided, further, that such Control requirement shall not apply to local Deposit Accounts (other than the Term Loan
Asset Proceeds Account) as long as the aggregate amount of funds on deposit in all such Deposit Accounts does not exceed $5,000,000 at any time. With respect to any Securities Accounts or Securities Entitlements, such Control shall be accomplished
by the Grantor causing the Securities Intermediary maintaining such Securities Account or Security Entitlement to enter into an agreement in form and substance reasonably satisfactory to the Collateral Agent pursuant to which the Securities
Intermediary shall agree to comply with the Collateral Agent’s Entitlement Orders, subject to the priorities set forth in the 

  
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Intercreditor Agreement, without further consent by such Grantor. With respect to any Deposit Account, each Grantor shall cause the depositary institution maintaining such account to enter into
an agreement in form and substance reasonably satisfactory to the Collateral Agent, pursuant to which the Bank shall agree to comply with the Collateral Agent’s instructions with respect to disposition of funds in the Deposit Account, subject
to the priorities set forth in the Intercreditor Agreement, without further consent by such Grantor. With respect to any Commodity Accounts or Commodity Contracts, each Grantor shall cause Control in favor of the Collateral Agent in a manner
reasonably acceptable to the Collateral Agent, but in any event, subject to the priorities set forth in the Intercreditor Agreement. The Collateral Agent agrees that it will not give any instructions, directions or entitlement orders, and shall not
withhold its consent to the exercise of any rights of any Grantor, with respect to any Deposit Accounts (other than the Term Loan Asset Proceeds Account), Securities Accounts, Security Entitlements, Commodity Accounts, Commodity Contracts or
Uncertificated Securities, unless an Event of Default has occurred and is continuing. 
 (b) With respect to any Uncertificated
Security included in the Collateral (other than any Uncertificated Securities credited to a Securities Account), each Grantor shall cause and, with respect to an issuer that is not a Subsidiary or a controlled Affiliate of a Grantor, use
commercially reasonable efforts to cause, the issuer of such Uncertificated Security to either (i) register the Collateral Agent as the registered owner thereof on the books and records of the issuer or (ii) execute an agreement in form
and substance reasonably satisfactory to the Collateral Agent, pursuant to which such issuer agrees to comply with the Collateral Agent’s instructions with respect to such Uncertificated Security without further consent by such Grantor.

 (c) With respect to any Electronic Chattel Paper or “transferable record” (as that term is defined in
Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction) included in the Collateral, Grantor shall ensure
that the Collateral Agent has Control thereof; provided, however, that such Control requirement shall not apply to any Electronic Chattel Paper or transferable record having a face amount of less than $3,000,000 individually or
$7,500,000 in the aggregate. 
 4.3 Intellectual Property Recording Requirements. 

(a) In the case of any Collateral (whether now owned or hereafter acquired) consisting of issued U.S. Patents
owned by any Grantor and applications therefor, each Grantor shall execute and deliver to the Collateral Agent a Patent Security Agreement in substantially the form of Exhibit C hereto (or a supplement thereto) covering all such Patents in
appropriate form for recordation with the U.S. Patent and Trademark Office with respect to the security interest of the Collateral Agent. 
 (b) In the case of any Collateral (whether now owned or hereafter acquired) consisting of registered U.S. Trademarks owned by any Grantor and applications therefor, each Grantor shall execute and deliver
to the Collateral Agent a Trademark Security Agreement in substantially the form of Exhibit B hereto (or a supplement thereto) covering all such Trademarks in appropriate form for recordation with the U.S. Patent and Trademark Office with respect to
the security interest of the Collateral Agent. 

  
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 (c) In the case of any Collateral (whether now owned or hereafter acquired) consisting of
registered U.S. Copyrights owned by any Grantor and exclusive Copyright Licenses in respect of registered U.S. Copyrights for which any Grantor is the licensee, each Grantor shall execute and deliver to the Collateral Agent a Copyright Security
Agreement in substantially the form of Exhibit D hereto (or a supplement thereto) covering all such Copyrights and Copyright Licenses in appropriate form for recordation with the U.S. Copyright Office with respect to the security interest of the
Collateral Agent. 
 4.4 Other Actions. 
 (a) If any issuer of any Pledged Equity Interest is organized under a jurisdiction outside of the United States, each Grantor shall take such additional actions reasonably requested by Collateral Agent,
including, without limitation, causing and, with respect to any issuer that is not a Subsidiary or a controlled Affiliate of a Grantor, using commercially reasonable efforts to cause, the issuer to register the pledge on its books and records or
making such filings or recordings, in each case as may be necessary or advisable, under the laws of such issuer’s jurisdiction to ensure the validity, perfection and priority of the security interest of the Collateral Agent; provided,
that in no event shall any Grantor be required to enter into any security agreements or pledge agreements governed under the laws of any jurisdiction outside the United States. 
 (b) With respect to any Pledged Partnership Interests and Pledged LLC Interests included in the Collateral, if the Grantors own less than 100% of the equity interests in any issuer of such Pledged
Partnership Interests or Pledged LLC Interests, Grantors shall use their commercially reasonable efforts, to the extent consent is required under the terms of the partnership or limited liability company agreement of such issuer, to obtain the
consent of each other holder of partnership interest or limited liability company interests in such issuer to the security interest of the Collateral Agent hereunder and following the occurrence and during the continuance of an Event of Default, the
transfer of such Pledged Partnership Interests and Pledged LLC Interests to the Collateral Agent or its designee, and to the substitution of the Collateral Agent or its designee as a partner or member with all the rights and powers related thereto.
Each Grantor consents to the grant by each other Grantor of a Lien in all Investment Related Property to the Collateral Agent and without limiting the generality of the foregoing consents to the transfer of any Pledged Partnership Interest and any
Pledged LLC Interest to the Collateral Agent or its designee following the occurrence and during the continuance of an Event of Default and to the substitution of the Collateral Agent or its designee as a partner in any partnership or as a member in
any limited liability company with all the rights and powers related thereto. 
 (c) Notwithstanding anything herein to the
contrary, no Grantor shall be required to enter into any assignment agreement with respect to any key man life insurance policy. 
 4.5 Timing and Notice. With respect to any Collateral in existence on the Closing Date, each Grantor shall comply with the requirements of Section 4 on the date hereof and, with respect to any
Collateral hereafter owned or acquired, such Grantor shall comply with such requirements within 30 (thirty) days of Grantor acquiring rights therein, in each case, except to the extent such requirements expressly provide for compliance on a later
date or at the request of the Collateral Agent. Each Grantor shall, within 30 (thirty) days of the acquisition thereof, notify the Collateral Agent of its acquisition of any Collateral for which any action is required by Section 4 hereof
(including, for the avoidance of doubt, the filing of any applications for, or the issuance or registration of, any Patents, Copyrights or Trademarks). Any such notice by any Grantor to Collateral Agent shall, to the extent indicated in such notice,
be deemed to amend or supplement any applicable Schedule to this Agreement as of such date. 

  
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 SECTION 5. REPRESENTATIONS AND WARRANTIES. 

Each Grantor hereby represents and warrants, on the Closing Date and on each Credit Date, that: 

5.1 Grantor Information and Status. 
 (a) as of the Closing Date, Schedule 5.1(A) and (B) sets forth under the appropriate headings: (1) the full legal name of such Grantor, (2) all trade names or other names under which such
Grantor currently conducts business, (3) the type of organization of such Grantor, (4) the jurisdiction of organization of such Grantor, (5) its organizational identification number, if any, and (6) the jurisdiction where the
chief executive office or its sole place of business (or the principal residence if such Grantor is a natural person) is located; 
 (b) as of the Closing Date, except as provided on Schedule 5.1(C), it has not changed its name, jurisdiction of organization, chief executive office or sole place of business (or principal residence if
such Grantor is a natural person) or its corporate structure in any way (e.g., by merger, consolidation, change in corporate form or otherwise) and has not done business under any other name, in each case, within the past five (5) years;

 (c) such Grantor (i) has been duly organized and is validly existing and (ii) as of the Closing Date, is an entity
of the type as set forth opposite such Grantor’s name on Schedule 5.1(A) solely under the laws of the jurisdiction as set forth opposite such Grantor’s name on Schedule 5.1(A) and remains duly existing as such. Except as permitted by the
Credit Agreement, such Grantor has not filed any certificates of dissolution or liquidation, any certificates of domestication, transfer or continuance in any other jurisdiction; and 

(d) no Grantor is a “transmitting utility” (as defined in Section 9-102(a)(80) of the UCC). 

5.2 Collateral Identification, Special Collateral. 
 (a) Schedule 5.2 (as such schedule may be amended or supplemented from time to time) sets forth under the appropriate headings all of such Grantor’s: (1) Pledged Equity Interests,
(2) Pledged Debt, (3) Securities Accounts, (4) Deposit Accounts, (5) Commodity Contracts and Commodity Accounts, (6) United States and foreign registrations and issuances of and applications for Patents, Trademarks, and
Copyrights owned by each Grantor, (7) exclusive Copyright Licenses, (8) Patent Licenses, Trademark Licenses and Trade Secret Licenses, in each case, that are Material Intellectual Property, (9) Commercial Tort Claims other than any
Commercial Tort Claims having a value of less than $3,000,000 individually and $7,500,000 in the aggregate, (10) Letter of Credit Rights for letters of credit other than any Letters of Credit Rights worth less than $3,000,000 individually or
$7,500,000 in the aggregate, (11) each location owned by such Grantor on which Inventory with an aggregate value in excess of $750,000 is located, (12) each location leased by such Grantor on which Inventory with an aggregate value in
excess of $750,000 is located (and the name and address of the applicable landlord), (13) each location on which Inventory of such Grantor with an aggregate value in excess of $750,000 is in possession of any warehouseman, bailee or other third
party (and the name and address of any such warehouseman, bailee or other third party), and (14) the name and address of any warehouseman, bailee or other third party in possession of any Equipment and other tangible personal property other
than any Inventory, Equipment or other tangible personal property having a value less than $3,000,000 individually or $7,500,000 in the aggregate; 

  
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 (b) none of the Collateral constitutes, or is the Proceeds of, (1) Farm Products,
(2) As-Extracted Collateral, (3) Manufactured Homes, (4) Health-Care-Insurance Receivables; or (5) aircraft, aircraft engines, satellites, ships or railroad rolling stock. No material portion of the collateral consists of
(i) timber to be cut, or (ii) motor vehicles or other goods subject to a certificate of title statute of any jurisdiction; 
 (c) as of the Closing Date, not more than 10% of the value of all personal property included in the Collateral is located in any country other than the United States; and 

(d) as of the Closing Date, no Excluded Asset (other than any Excluded Asset described in clause (a), (b), (h) or (j) of
Section 2.2) is material to the operation of the business of such Grantor. 
 5.3 Ownership of Collateral and Absence of
Other Liens. 
 (a) it has (i) valid leasehold interests in (in the case of leasehold interests in Collateral),
(ii) to its knowledge, valid licensed rights in (in the case of Patent Licenses, Trademark Licenses, Copyright Licenses and Trade Name Licenses that are Material Intellectual Property) and (iii) good, sufficient and legal title to (in the
case of all other personal property), all of the Collateral. Except as otherwise permitted by the Credit Agreement, all such Collateral is free and clear of Liens except for minor defects in title that do not materially impair any Grantor’s
ability to conduct its business or utilize such assets for their intended purposes; and 
 (b) other than any financing
statements filed in favor of the Collateral Agent, no effective financing statement, fixture filing or other instrument similar in effect under any applicable law covering all or any part of the Collateral is on file in any filing or recording
office except for (x) financing statements for which duly authorized proper termination statements have been delivered to the Collateral Agent for filing and (y) financing statements filed in connection with Permitted Liens. Other than the
Collateral Agent, the Revolving Administrative Agent and any automatic control in favor of a Bank, Securities Intermediary or Commodity Intermediary maintaining a Deposit Account, Securities Account or Commodity Contract, no Person is in Control of
any Collateral. 
 5.4 Status of Security Interest. 

(a) the provisions of this Agreement and the other Credit Documents create legal and valid Liens on all the Collateral in favor of the
Collateral Agent, for the benefit of the Secured Parties, and so long as such filings and other actions required to be taken hereby or by the applicable Collateral Documents (including the filings of appropriate financing statements with the office
of the Secretary of State of the state of organization of each Credit Party as set forth on Schedule 5.4 hereof and the filing of the Intellectual Property Security Agreements with the U.S. Patent and Trademark Office and the U.S. Copyright Office,
in each case in favor of the Collateral Agent, and the delivery to the Collateral Agent (or to the Revolving Administrative Agent as bailee for the Collateral Agent pursuant to the Intercreditor Agreement) of any Pledged Debt and any Pledged Equity
Interest required to be delivered pursuant to the applicable Collateral Documents), such Liens constitute perfected and continuing Liens on the Collateral (to the extent that a Lien thereon can be perfected by the foregoing actions), securing the
Secured Obligations, enforceable against the applicable Credit Party and all third parties, and (a) in the case of Term Collateral, having priority over all other Liens on such Term Collateral except Permitted Liens to the extent any such
Permitted Liens would have priority over the Liens in favor of the Collateral Agent pursuant to any applicable law and (b) in the case of Revolving 

  
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Collateral, having Second Priority on such Revolving Collateral except Permitted Liens (as defined in the Revolving Credit Agreement) to the extent any such Permitted Liens would have priority
over the Liens in favor of the Collateral Agent pursuant to any applicable law or any applicable intercreditor agreement (including the Intercreditor Agreement), and, in the case of each clause (a) and clause (b) above, except Liens
perfected only by possession (including possession of any certificate of title) to the extent the Collateral Agent has not obtained or does not maintain possession of such Collateral; 

(b) each Credit Document purporting to give the Collateral Agent Control over any Collateral is effective to establish the Collateral
Agent’s Control of the Collateral subject thereto; 
 (c) no authorization, consent, approval or other action by, and no
notice to or filing with, any Governmental Authority or regulatory body or any other Person is required for either (i) the pledge or grant by any Grantor of the Liens purported to be created in favor of the Collateral Agent hereunder or
(ii) the exercise by Collateral Agent of any rights or remedies in respect of any Collateral (whether specifically granted or created hereunder or created or provided for by applicable law), except (A) for the filings contemplated by
clause (a) above, (B) the taking of any action expressly referred to in Section 4 hereof, and (C) as may be required, in connection with the disposition of any Investment Related Property, by laws generally affecting the
offering and sale of Securities; and 
 (d) each Grantor is in compliance with its obligations under Section 4 hereof.

 5.5 Goods and Receivables. 
 (a) each Receivable (a) is and will be the legal, valid and binding obligation of the Account Debtor in respect thereof, representing an unsatisfied obligation of such Account Debtor, (b) is and
will be enforceable in accordance with its terms, (c) is not and will not be subject to any credits, rights of recoupment, setoffs, defenses, taxes, counterclaims (except with respect to (i) refunds, returns and allowances in the ordinary
course of business with respect to damaged merchandise and (ii) setoff agreements entered into in the ordinary course of business that represent the netting of amounts owed to, and amounts payable from, Account Debtors who are also suppliers)
and (d) is and will be in compliance with all applicable laws, whether federal, state, local or foreign; 
 (b) none of the
Account Debtors in respect of any Receivable in excess of $3,000,000 individually or $10,000,000 in the aggregate is the government of the United States, any agency or instrumentality thereof, any state or municipality or any foreign sovereign;

 (c) no Goods now or hereafter produced by any Grantor and included in the Collateral have been or will be produced in material
violation of the requirements of the Fair Labor Standards Act, as amended, or the rules and regulations promulgated thereunder; and 
 (d) other than any (i) Inventory or Equipment in transit or (ii) any Equipment out for repair in the ordinary course of business, all of the Equipment and Inventory included in the Collateral is
located only at the locations specified in Schedule 5.5 (as such schedule may be amended or supplemented from time to time). 

  
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 5.6 Pledged Equity Interests, Investment Related Property. 

(a) except as otherwise permitted by the Credit Agreement, it is the record and beneficial owner of the Pledged Equity Interests free of
all Liens, rights or claims of other Persons and there are no outstanding warrants, options or other rights to purchase, or shareholder, voting trust or similar agreements outstanding with respect to, or property that is convertible into, or that
requires the issuance or sale of, any Pledged Equity Interests; 
 (b) as of the Closing Date, no consent of any Person including
any other general or limited partner, any other member of a limited liability company, any other shareholder or any other trust beneficiary is necessary or desirable in connection with the creation, perfection or first priority status (subject, in
the case of priority only, to Permitted Liens of the type described in Section 6.2(b) of the Credit Agreement) of the security interest of the Collateral Agent in any Pledged Equity Interests or the exercise by the Collateral Agent of the
voting or other rights provided for in this Agreement or the exercise of remedies in respect thereof except such as are contemplated by Section 4.2(b) and Section 4.4 or any applicable provisions of the Intercreditor Agreement or as have
been obtained; and 
 (c) as of the Closing Date, all of the Pledged LLC Interests and Pledged Partnership Interests are or
represent interests that by their terms provide that they are securities governed by the uniform commercial code of an applicable jurisdiction. 
 5.7 Intellectual Property. 
 (a) except as otherwise expressly specified in
Schedule 5.2(II) (A), (C) and (E), it is the sole and exclusive owner of the entire right, title, and interest in and to all Intellectual Property listed on Schedule 5.2(II)(A), (C) and (E) (as such schedule may be amended or
supplemented from time to time), and, to its knowledge, has the valid right to use and, where such Grantor does so, sublicense others to use, all other Intellectual Property used in or necessary to conduct its business, free and clear of all Liens,
claims and licenses, except for, in the case of priority only, Permitted Liens and the licenses set forth on Schedule 5.2(II)(B), (D), (F) or (G) (as such schedule may be amended or supplemented from time to time); 

(b) as of the Closing Date, all Material Intellectual Property of such Grantor is subsisting and has not been adjudged invalid or
unenforceable, in whole or in part, nor, in the case of Patents, is any of the Intellectual Property the subject of a reexamination proceeding, and such Grantor has performed all acts and has paid all renewal, maintenance, and other fees and taxes
required to maintain each and every registration and application of Copyrights, Patents and Trademarks of such Grantor constituting Material Intellectual Property in full force and effect; 

(c) as of the Closing Date, no holding, decision, ruling, or judgment has been rendered in any action or proceeding before any court or
administrative authority challenging the validity, enforceability, or scope of, or such Grantor’s right to register, own or use, any Material Intellectual Property of such Grantor, and no such action or proceeding is pending or, to such
Grantor’s knowledge, threatened; 
 (d) all registrations, issuances and applications for Copyrights, Patents and Trademarks
submitted, pending or owned, as applicable, by such Grantor are standing in the name of such Grantor, and none of the Trademarks, Patents, Copyrights or Trade Secrets owned by such Grantor has been licensed by such Grantor to any Affiliate or third
party, except as disclosed in Schedule 5.2(II)(B), (D), (F) or (G) (as such schedule may be amended or supplemented from time to time), and all exclusive Copyright Licenses constituting Material Intellectual Property in respect of
registered Copyrights have been properly recorded in the U.S. Copyright Office or, where appropriate, any foreign counterpart; 

  
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 (e) all Copyrights owned by such Grantor that constitute Material Intellectual Property have
been registered with the United States Copyright Office; 
 (f) except as permitted by the Credit Agreement, such Grantor has not
made a previous assignment, sale, transfer, exclusive license, or similar arrangement constituting a present or future assignment, sale, transfer, exclusive license or similar arrangement of any Material Intellectual Property that has not been
terminated or released; 
 (g) such Grantor has been using appropriate statutory notice of registration in connection with its
use of registered Trademarks, proper marking practices in connection with its use of Patents, and appropriate notice of copyright in connection with the publication of Copyrights, in each case, to the extent constituting Material Intellectual
Property; 
 (h) such Grantor has taken commercially reasonable steps to protect the confidentiality of its Trade Secrets
constituting Material Intellectual Property in accordance with industry standards; 
 (i) such Grantor has taken commercially
reasonable steps to control the nature and quality in accordance with industry standards of all products sold and all services rendered under or in connection with all Trademarks owned by such Grantor and has taken commercially reasonable steps to
insure that all licensees of any Trademarks owned by such Grantor comply with such Grantor’s standards of quality, in each case, to the extent constituting Material Intellectual Property; 

(j) to such Grantor’s knowledge, the conduct of such Grantor’s business does not infringe, misappropriate, dilute or otherwise
violate any Intellectual Property right of any other Person; no claim has been made that the use of any Material Intellectual Property owned or used by such Grantor (or any of its respective licensees) infringes, misappropriates, dilutes or
otherwise violates the asserted rights of any other Person, and no demand that such Grantor enter into a license or co-existence agreement has been made but not resolved; 
 (k) to such Grantor’s knowledge, no Person is infringing, misappropriating, diluting or otherwise violating any rights in any Material Intellectual Property owned, licensed or used by such Grantor,
or any of its respective licensees; and 
 (l) no settlement or consents, covenants not to sue, co-existence agreements,
non-assertion assurances, or releases have been entered into by such Grantor or bind such Grantor in a manner that could adversely affect such Grantor’s rights to own, license or use any Material Intellectual Property. 

5.8 Miscellaneous. As of the Closing Date, no Material Contract prohibits assignment or requires consent of or notice to any
Person in connection with the exercise by the Collateral Agent of its rights hereunder upon the occurrence and during the continuation of an Event of Default, except such as has been given or made. 

  
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 SECTION 6. COVENANTS AND AGREEMENTS. 
 Each Grantor hereby covenants and agrees that: 
 6.1 Grantor Information
and Status. Without limiting any prohibitions or restrictions on mergers or other transactions set forth in the Credit Agreement, it shall furnish (or cause the Borrower, on its behalf, to furnish) to Collateral Agent prompt written notice of
any change (i) in its corporate name, (ii) in its identity or corporate structure, (iii) in its jurisdiction of organization or (iv) in its Federal Taxpayer Identification Number or state organizational identification number, and
will, within 10 days following any change referred to in the preceding clauses (i) through (iv), make all filings under the UCC or otherwise that are required in order for Collateral Agent to continue at all times following such change to have
a valid, legal and perfected security interest in all the Collateral as contemplated hereby, which in the case of any merger or other change in corporate structure shall include, without limitation, executing and delivering to the Collateral Agent a
completed Pledge 
 Supplement together with all Supplements to Schedules thereto, upon completion of such merger or other change in corporate
structure confirming the grant of the security interest hereunder. 
 6.2 Collateral Identification; Special Collateral.

 (a) in the event that it hereafter acquires any Collateral of a type described in Section 5.2(b) hereof with a value in
excess of $3,000,000 individually or $7,500,000 in the aggregate, it shall within 30 days of acquisition thereof notify the Collateral Agent thereof in writing and take such actions and execute such documents and make such filings all at
Grantor’s expense as the Collateral Agent may reasonably request in order to ensure that the Collateral Agent has a valid, perfected, first priority security interest in such Collateral, subject in the case of priority only, to any Permitted
Liens. 
 (b) in the event that it hereafter acquires or has any Commercial Tort Claim with a value in excess of $3,000,000
individually or $7,500,000 in the aggregate, it shall within 30 days of acquisition thereof deliver to the Collateral Agent a completed Pledge Supplement together with all Supplements to Schedules thereto, identifying such new Commercial Tort
Claims. 
 6.3 Ownership of Collateral and Absence of Other Liens. 

(a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to
any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time claiming any interest therein; 
 (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Agent in writing of any event that may have a Material Adverse Effect on the value
of the Collateral or any portion thereof, the ability of any Grantor or the Collateral Agent to dispose of the Collateral or any portion thereof, or the rights and remedies of the Collateral Agent in relation thereto, including, without limitation,
the levy of any legal process against the Collateral or any portion thereof; and 
 (c) it shall not sell, transfer or assign (by
operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the Credit Agreement. 

  
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 6.4 Status of Security Interest. 

(a) subject to the limitations set forth in subsection (b) of this Section 6.4, each Grantor shall maintain the security
interest of the Collateral Agent hereunder in all Collateral as valid, perfected (to the extent required to be perfected hereby), first priority Liens (subject, in the case of priority only, to Permitted Liens). 

(b) notwithstanding the foregoing, other than any actions required by Section 4.4(a) with respect to the pledge by any Grantor of the
stock of any of their Foreign Subsidiaries, no Grantor actions in any foreign jurisdiction shall be required in order to perfect any security interests in assets located or titled outside of the United States. 

6.5 Goods and Receivables. 
 (a) it shall not deliver any Document evidencing any Equipment and Inventory to any Person other than the issuer of such Document to claim the Goods evidenced therefor or the Collateral Agent or, subject
to the Intercreditor Agreement, the Revolving Administrative Agent; 
 (b) if any Equipment in excess of $3,000,000 individually
or $7,500,000 in the aggregate is in possession or control of any warehouseman, bailee or other third party (other than a Consignee under a Consignment for which such Grantor is the Consignor), each Grantor shall join with the Collateral Agent in
notifying the third party of the Collateral Agent’s security interest and shall use commercially reasonable efforts to obtain an acknowledgment from the third party that it is holding the Equipment for the benefit of the Collateral Agent and
will permit the Collateral Agent to have access to Equipment for purposes of inspecting such Collateral or, following an Event of Default, to remove same from such premises if the Collateral Agent so elects; and with respect to any Goods (other than
Inventory) in excess of $3,000,000 individually or $7,500,000 in the aggregate subject to a Consignment for which such Grantor is the Consignor, Grantor shall file appropriate financing statements against the Consignee and take such other action as
may be necessary to ensure that the Grantor has a first priority perfected security interest in such Goods; 
 (c) if any
Inventory in excess of $750,000 in the aggregate is in possession or control of any warehouseman, bailee or other third party (other than a Consignee under a Consignment for which such Grantor is the Consignor), each Grantor shall join with the
Collateral Agent in notifying the third party of the Collateral Agent’s security interest and shall use commercially reasonable efforts to obtain an acknowledgment from the third party that it is holding the Inventory for the benefit of the
Collateral Agent and will permit the Collateral Agent to have access to Inventory for purposes of inspecting such Collateral or, following an Event of Default, to remove same from such premises if the Collateral Agent so elects; and with respect to
any Inventory in excess of $750,000 in the aggregate subject to a Consignment for which such Grantor is the Consignor, Grantor shall file appropriate financing statements against the Consignee and take such other action as may be necessary to ensure
that the Grantor has a first priority perfected security interest in such Inventory; 
 (d) other than (i) any Inventory or
Equipment in transit or (ii) any Equipment out for repair in the ordinary course of business, it shall keep the Equipment, Inventory and any Documents evidencing any Equipment and Inventory in the locations specified on Schedule 5.5 (as such
schedule may be amended or supplemented from time to time); 
 (e) it shall keep and maintain at its own cost and expense records
of the Receivables, in accordance with customary practices for Persons engaged in similar businesses, including, but not limited to, records of all payments received and all credits granted on the Receivables, all merchandise returned and all other
material financial dealings therewith; 

  
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 (f) other than in the ordinary course of business (i) it shall not amend, modify,
terminate or waive any provision of any Receivable in any manner which could reasonably be expected to have a material adverse effect on the value of such Receivable; (ii) following and during the continuation of an Event of Default, such
Grantor shall not (w) grant any extension or renewal of the time of payment of any Receivable, (x) compromise or settle any dispute, claim or legal proceeding with respect to any Receivable for less than the total unpaid balance thereof,
(y) release, wholly or partially, any Person liable for the payment thereof, or (z) allow any credit or discount thereon, in each case without the prior written consent of the Collateral Agent (or, in the case of Revolving Collateral, the
prior written consent of the Revolving Administrative Agent, which shall be binding on the Collateral Agent); and 
 (g)
following the occurrence and during the continuance of any Event of Default, the Collateral Agent shall have the right at any time to notify, or require any Grantor to notify, any Account Debtor of the Collateral Agent’s security interest in
the Receivables and any Supporting Obligation and, in addition, at any time following the occurrence and during the continuation of an Event of Default, the Collateral Agent may (subject to any limitations in the Intercreditor Agreement with respect
to Revolving Priority Collateral): (i) direct the Account Debtors under any Receivables to make payment of all amounts due or to become due to such Grantor thereunder directly to the Collateral Agent; (ii) notify, or require any Grantor to
notify, each Person maintaining a lockbox or similar arrangement to which Account Debtors under any Receivables have been directed to make payment to remit all amounts representing collections on checks and other payment items from time to time sent
to or deposited in such lockbox or other arrangement directly to the Collateral Agent; and (iii) enforce, at the expense of such Grantor, collection of any such Receivables and to adjust, settle or compromise the amount or payment thereof, in
the same manner and to the same extent as such Grantor might have done. If the Collateral Agent notifies any Grantor that it has elected to collect the Receivables in accordance with the preceding sentence, any payments of Receivables received by
such Grantor shall be forthwith (and in any event within two (2) Business Days) deposited by such Grantor in the exact form received, duly indorsed by such Grantor to the Collateral Agent if required, in a Deposit Account maintained under the
dominion and control of the Collateral Agent, and until so turned over, all amounts and proceeds (including checks and other instruments) received by such Grantor in respect of the Receivables, any Supporting Obligation or Collateral Support shall
be received in trust for the benefit of the Collateral Agent hereunder and shall be segregated from other funds of such Grantor and such Grantor shall not adjust, settle or compromise the amount or payment of any Receivable, or release wholly or
partly any Account Debtor or obligor thereof, or allow any credit or discount thereon. 
 6.6 Pledged Equity Interests,
Investment Related Property. 
 (a) except as provided in the next sentence, in the event such Grantor receives any
dividends, interest or distributions on any Pledged Equity Interest or other Investment Related Property, upon the merger, consolidation, liquidation or dissolution of any issuer of such Pledged Equity Interest or Investment Related Property, then
(a) such dividends, interest or distributions and securities or other property shall be included in the definition of Collateral without further action and (b) such Grantor shall, within 30 days of such receipt, take all steps, if any,
necessary to ensure the validity, perfection, priority and, if applicable, Control, subject to the priorities set forth in the Intercreditor Agreement, of the Collateral Agent over such Investment Related Property (including, without limitation,
delivery of any Certificated Securities 

  
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or any other certificates evidencing any Pledged Equity Interests, including, without limitation, any Pledged Partnership Interests or Pledged LLC Interests, to the Collateral Agent) and pending
any such action such Grantor shall be deemed to hold such dividends, interest, distributions, securities or other property in trust for the benefit of the Collateral Agent and, if an Event of Default has occurred and is continuing, shall segregate
such dividends, distributions, Securities or other property from all other property of such Grantor. Notwithstanding the foregoing, so long as no Event of Default shall have occurred and be continuing, the Collateral Agent authorizes each Grantor to
retain all cash dividends and distributions and all scheduled payments of interest; 
 (b) Voting . 

(i) unless an Event of Default shall have occurred and be continuing and the Collateral Agent shall have notified Borrower
of its election to suspend such rights of the Grantors, except as otherwise provided under the covenants and agreements relating to Investment Related Property in this Agreement or elsewhere herein or in the Credit Agreement, each Grantor shall be
entitled to exercise or refrain from exercising any and all voting and other consensual rights pertaining to the Investment Related Property or any part thereof for any purpose not inconsistent with the terms of this Agreement or the Credit
Agreement; provided, no Grantor shall exercise or refrain from exercising any such right if such action would (i) be in contravention of the terms of the Credit Agreement or this Agreement, (ii) materially and adversely affect the
rights and remedies of the Collateral Agent or the other Secured Parties (taken as a whole) or the ability of the Collateral Agent or the other Secured Parties (taken as a whole) to exercise the same, or (iii) have a material and adverse effect
on the value of the Investment Related Property (taken as a whole); and 
 (ii) upon the occurrence and during
the continuation of an Event of Default, if the Collateral Agent shall have notified Borrower of its election to suspend such rights of the Grantors: 
  

	 	(1)	all rights of each Grantor to exercise or refrain from exercising the voting and other consensual rights which it would otherwise be entitled to exercise pursuant
hereto shall cease and all such rights shall thereupon become vested in the Collateral Agent who shall thereupon have the sole right to exercise such voting and other consensual rights; and 

 

	 	(2)	in order to permit the Collateral Agent to exercise the voting and other consensual rights which it may be entitled to exercise pursuant hereto and to receive all
dividends and other distributions which it may be entitled to receive hereunder: (1) each Grantor shall promptly execute and deliver (or cause to be executed and delivered) to the Collateral Agent all proxies, dividend payment orders and other
instruments as the Collateral Agent may from time to time reasonably request and (2) each Grantor acknowledges that the Collateral Agent may utilize the power of attorney set forth in Section 8.1. 

(c) without the prior written consent of the Collateral Agent, it shall not: (i) with respect to any issuer of Pledged Equity
Interests that is not a Subsidiary, vote to enable or take any other action to: (A) amend, restate, supplement, modify or waive any Organizational Documents of any such issuer or permit any such issuer to dispose of all or a material portion of
their assets, in each case, except to the extent that any such amendment, restatement, supplement, modification, waiver or disposition could not reasonably be expected to have a materially adverse

  
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impact on the value of the Collateral, taken as a whole, or the operation of the business of the Credit Parties (taken as a whole) or (B) cause any such issuer of any Pledged Partnership
Interests or Pledged LLC Interests which are not securities (for purposes of the UCC) on the date hereof to elect or otherwise take any action to cause such Pledged Partnership Interests or Pledged LLC Interests to be treated as securities for
purposes of the UCC, unless such Grantor shall promptly notify the Collateral Agent in writing of any such election or action and shall take all steps necessary or advisable, to the extent not inconsistent with the other provisions of Section 4
of this Agreement, to establish the Collateral Agent’s “control” thereof, or (ii) with respect to any issuer of Pledged Debt that is not a Subsidiary, waive a default under or breach of the terms of any such Pledged Debt, except
to the extent that any such waiver could not reasonably be expected to have a materially adverse impact on the value of the Collateral, taken as a whole or the operation of the business of the Credit Parties (taken as a whole); and 

(d) without the prior written consent of the Collateral Agent, it shall not vote or enable or take any other action to permit any issuer
of any Pledged Equity Interests that is not a Subsidiary to merge or consolidate unless, if such Grantor receives any capital stock or other equity interests of the surviving or resulting corporation, limited liability company, partnership or other
entity as consideration therefor (other than any such capital stock or other equity interests that constitute Excluded Assets), such Grantor complies with the delivery and control requirements of Section 4 hereof. 

6.7 Intellectual Property. 
 (a) it shall not do any act or intentionally omit to do any act whereby any of the Material Intellectual Property may lapse, or become abandoned, canceled, dedicated to the public, forfeited,
unenforceable or otherwise impaired, or which would materially and adversely affect the validity, grant, or enforceability of the security interest granted therein; 
 (b) it shall not, with respect to any Trademarks constituting Material Intellectual Property, cease the use of any of such Trademarks or fail to maintain the level of the quality of products sold and
services rendered under any of such Trademark at a level at least substantially consistent with the quality of such products and services as of the date hereof, and such Grantor shall take commercially reasonable steps to insure that licensees of
such Trademarks use such consistent standards of quality; 
 (c) it shall within 30 days of obtaining knowledge thereof, notify
the Collateral Agent if it knows or has reason to know that any item of Material Intellectual Property may become (i) abandoned or dedicated to the public or placed in the public domain, (ii) invalid or unenforceable, (iii) subject to
any adverse determination or development in the United States Patent and Trademark Office, the United States Copyright Office, any state registry or any court) or (iv) the subject of any reversion or termination rights; 

(d) it shall take commercially reasonable steps, including in any proceeding before the United States Patent and Trademark Office, the
United States Copyright Office or any state registry, to pursue any application and maintain any registration or issuance of each Trademark, Patent, and Copyright owned by or exclusively licensed to any Grantor and, in each case, constituting
Material Intellectual Property; 
 (e) it shall take all commercially reasonable steps, as determined in the exercise of its
reasonable business judgment, so as not to permit the inclusion in any contract to which it hereafter becomes a party of any provision that could or may in any way materially 

  
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impair or prevent the creation of a security interest in, or the assignment of, such Grantor’s rights and interests in any property acquired under such contracts and included in the Material
Intellectual Property, except for restrictions on transferability in leases or licenses where such Grantor believes, in its reasonable business judgment, that such prohibition is usual and customary in transactions of such type; 

(f) in the event that any Material Intellectual Property owned by or exclusively licensed to any Grantor is infringed, misappropriated,
diluted or otherwise violated by a third party, such Grantor shall promptly take all reasonable actions to stop such infringement, misappropriation, dilution or other violation and protect its rights in such Material Intellectual Property including,
but not limited to, the initiation of a suit for injunctive relief and to recover damages unless such Grantor determines in the good faith exercise of its business judgment not to do so; 

(g) it shall take commercially reasonable steps to protect the secrecy of all Trade Secrets that constitute Material Intellectual
Property, including, without limitation, entering into confidentiality agreements with employees and consultants who have access to such Trade Secrets and labeling and restricting access to secret information and documents that contain any such
Trade Secrets; 
 (h) it shall use proper statutory notice in connection with its use of any of the Material Intellectual
Property to the extent necessary to maintain its rights under applicable law; and 
 (i) it shall use commercially reasonable
efforts to continue to collect, at its own expense, all amounts due or to become due to such Grantor in respect of the Material Intellectual Property or any portion thereof. In connection with such collections, if an Event of Default has occurred
and is continuing, such Grantor may take (and, at the Collateral Agent’s reasonable direction, shall take) such action as such Grantor or the Collateral Agent may deem reasonably necessary or advisable to enforce collection of such amounts.
Notwithstanding the foregoing, if an Event of Default has occurred and is continuing, the Collateral Agent shall have the right at any time, to notify, or require any Grantor to notify, any obligors with respect to any such amounts of the existence
of the security interest created hereby. 
 SECTION 7. FURTHER ASSURANCES; ADDITIONAL GRANTORS. 

7.1 Further Assurances. 
 (a) Each Grantor agrees that from time to time, at the expense of such Grantor, that it shall promptly execute and deliver all further instruments and documents, and take all further action, that may be
necessary, or that the Collateral Agent may reasonably request, in order to create and/or maintain the validity, perfection or priority of and protect any security interest granted or purported to be granted hereby or to enable the Collateral Agent
to exercise and enforce its rights and remedies hereunder with respect to any Collateral. Without limiting the generality of the foregoing, each Grantor shall: 
 (i) file such financing or continuation statements, or amendments thereto, record security interests in Intellectual Property and execute and deliver such other agreements, instruments, endorsements,
powers of attorney or notices, as may be necessary, or as the Collateral Agent may reasonably request, in order to effect, reflect, perfect and preserve the security interests granted or purported to be granted hereby; 

  
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 (ii) take all actions necessary to ensure the recordation of appropriate
evidence of the liens and security interest granted hereunder in any Intellectual Property with the United States Patent and Trademark Office, the United States Copyright Office and the various Secretaries of State; 

(iii) at any reasonable time and at reasonable locations, upon request by the Collateral Agent, assemble the Collateral
(other than any Collateral comprised of fixed or immovable assets) and allow inspection of the Collateral by the Collateral Agent, or persons designated by the Collateral Agent; provided, that such inspections shall not, unless an Event of
Default has occurred and is continuing, exceed one such inspection per year; 
 (iv) at the Collateral
Agent’s request, take commercially reasonable actions to defend such Grantor’s title to or the Collateral Agent’s security interest in all or any part of the Collateral; and 

(v) furnish the Collateral Agent with such information regarding the Collateral, including, without limitation, the
location thereof, as the Collateral Agent may reasonably request from time to time. 
 (b) Each Grantor hereby authorizes the
Collateral Agent to file a Record or Records, including, without limitation, financing or continuation statements, Intellectual Property Security Agreements and amendments and supplements to any of the foregoing, in any jurisdictions and with any
filing offices as the Collateral Agent may determine, in its sole discretion, are necessary or advisable to perfect or otherwise protect the security interest granted to the Collateral Agent herein. Such financing statements may describe the
Collateral in the same manner as described herein or may contain an indication or description of collateral that describes such property in any other manner as the Collateral Agent may determine, in its sole discretion, is necessary, advisable or
prudent to ensure the perfection of the security interest in the Collateral granted to the Collateral Agent herein, including, without limitation, describing such property as “all assets, whether now owned or hereafter acquired, developed or
created” or words of similar effect. Each Grantor shall furnish to the Collateral Agent from time to time statements and schedules further identifying and describing the Collateral and such other reports in connection with the Collateral as the
Collateral Agent may reasonably request, all in reasonable detail. 
 (c) Each Grantor hereby authorizes the Collateral Agent to
modify this Agreement after obtaining such Grantor’s approval of or signature to such modification by amending Schedule 5.2 (as such schedule may be amended or supplemented from time to time) to include reference to any right, title or interest
in any existing Intellectual Property or any Intellectual Property acquired or developed by any Grantor after the execution hereof or to delete any reference to any right, title or interest in any Intellectual Property in which any Grantor no longer
has or claims any right, title or interest. 
 7.2 Additional Grantors. From time to time subsequent to the date hereof,
additional Persons may become parties hereto as additional Grantors (each, an “Additional Grantor”), by executing a Pledge Supplement. Upon delivery of any such Pledge Supplement to the Collateral Agent, notice of which is hereby
waived by Grantors, each Additional Grantor shall be a Grantor and shall be as fully a party hereto as if such Additional Grantor were an original signatory hereto. Each Grantor expressly agrees that its obligations arising hereunder shall not be
affected or diminished by the addition or release of any other Grantor hereunder, nor by any election of Collateral Agent not to cause any Subsidiary of Borrower to become an Additional Grantor hereunder. This Agreement shall be fully effective as
to any Grantor that is or becomes a party hereto regardless of whether any other Person becomes or fails to become or ceases to be a Grantor hereunder. 

  
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 SECTION 8. COLLATERAL AGENT APPOINTED ATTORNEY-IN-FACT. 

8.1 Power of Attorney. Each Grantor hereby irrevocably appoints the Collateral Agent (such appointment being coupled with an
interest) as such Grantor’s attorney-in-fact, with full authority in the place and stead of such Grantor and in the name of such Grantor, the Collateral Agent or otherwise, from time to time in the Collateral Agent’s discretion to take any
action and to execute any instrument that the Collateral Agent may deem reasonably necessary or advisable to accomplish the purposes of this Agreement, including, without limitation, the following: 

(a) upon the occurrence and during the continuance of any Event of Default, to obtain and adjust insurance required to be maintained by
such Grantor or paid to the Collateral Agent pursuant to the Credit Agreement; 
 (b) upon the occurrence and during the
continuance of any Event of Default, to ask for, demand, collect, sue for, recover, compound, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral; 

(c) upon the occurrence and during the continuance of any Event of Default, to receive, endorse and collect any drafts or other
instruments, documents and chattel paper in connection with clause (b) above; 
 (d) upon the occurrence and during the
continuance of any Event of Default, to file any claims or take any action or institute any proceedings that the Collateral Agent may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the
Collateral Agent with respect to any of the Collateral; 
 (e) to prepare and file any UCC financing statements against such
Grantor as debtor; 
 (f) to prepare, sign, and file for recordation in any intellectual property registry, appropriate evidence
of the lien and security interest granted herein in any Intellectual Property in the name of such Grantor as debtor; 
 (g) to
take or cause to be taken all actions necessary to perform or comply or cause performance or compliance with the terms of this Agreement, including, without limitation, access to pay or discharge taxes or Liens (other than Permitted Liens) levied or
placed upon or threatened against the Collateral, the legality or validity thereof and the amounts necessary to discharge the same to be determined by the Collateral Agent in its sole discretion, any such payments made by the Collateral Agent to
become obligations of such Grantor to the Collateral Agent, due and payable immediately without demand; and 
 (h) upon the
occurrence and during the continuance of an Event of Default, generally to sell, transfer, lease, license, pledge, make any agreement with respect to or otherwise deal with any of the Collateral as fully and completely as though the Collateral Agent
were the absolute owner thereof for all purposes, and to do, at the Collateral Agent’s option and such Grantor’s expense, at any time or from time to time, all acts and things that the Collateral Agent deems reasonably necessary to
protect, preserve or realize upon the Collateral and the Collateral Agent’s security interest therein in order to effect the intent of this Agreement, all as fully and effectively as such Grantor might do. 

  
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 The Collateral Agent shall use commercially reasonable efforts to provide notice to the Grantors of any
action taken by it pursuant to the power of attorney granted pursuant to this Agreement, but the failure to give such notice shall not invalidate such action. 
 8.2 No Duty on the Part of Collateral Agent or Secured Parties. 
 (a) The
powers conferred on the Collateral Agent hereunder are solely to protect the interests of the Secured Parties in the Collateral and shall not impose any duty upon the Collateral Agent or any other Secured Party to exercise any such powers. The
Collateral Agent and the other Secured Parties shall be accountable only for amounts that they actually receive as a result of the exercise of such powers, and neither they nor any of their officers, directors, employees or agents shall be
responsible to any Grantor for any act or failure to act hereunder, except for their own gross negligence or willful misconduct. 
 8.3 Appointment Pursuant to Credit Agreement. The Collateral Agent has been appointed as collateral agent pursuant to the Credit Agreement. The rights, duties, privileges, immunities and
indemnities of the Collateral Agent hereunder are subject to the provisions of the Credit Agreement. 
 SECTION 9. REMEDIES.

 9.1 Generally. 
 (a) If any Event of Default shall have occurred and be continuing, the Collateral Agent may exercise in respect of the Collateral, in addition to all other rights and remedies provided for herein or
otherwise available to it at law or in equity, all the rights and remedies of the Collateral Agent on default under the UCC (whether or not the UCC applies to the affected Collateral) to collect, enforce or satisfy any Secured Obligations then
owing, whether by acceleration or otherwise, and also may pursue any of the following separately, successively or simultaneously: 
 (i) require any Grantor to, and each Grantor hereby agrees that it shall at its expense and promptly upon request of the Collateral Agent forthwith, assemble all or part of the Collateral as directed by
the Collateral Agent and make it available to the Collateral Agent at a place to be designated by the Collateral Agent that is reasonably convenient to both parties; 

(ii) enter onto the property where any Collateral is located and take possession thereof with or without judicial process;

 (iii) prior to the disposition of the Collateral, store, process, repair or recondition the Collateral or
otherwise prepare the Collateral for disposition in any manner to the extent the Collateral Agent deems appropriate; and 
 (iv) without notice except as specified below or under the UCC, sell, assign, lease, license (on an exclusive or nonexclusive basis) or otherwise dispose of the Collateral or any part thereof in one or
more parcels at public or private sale, at any of the Collateral Agent’s offices or elsewhere, for cash, on credit or for future delivery, at such time or times and at such price or prices and upon such other terms as the Collateral Agent may
deem commercially reasonable. 

  
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 (b) The Collateral Agent or any other Secured Party may be the purchaser of any or all of
the Collateral at any public or private (to the extent the portion of the Collateral being privately sold is of a kind that is customarily sold on a recognized market or the subject of widely distributed standard price quotations) sale in accordance
with the UCC and the Collateral Agent, as collateral agent for and representative of the Secured Parties, shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral
sold at any such sale made in accordance with the UCC, to use and apply any of the Secured Obligations as a credit on account of the purchase price for any Collateral payable by the Collateral Agent at such sale. Each purchaser at any such sale
shall hold the property sold absolutely free from any claim or right on the part of any Grantor, and each Grantor hereby waives (to the extent permitted by applicable law) all rights of redemption, stay and/or appraisal which it now has or may at
any time in the future have under any rule of law or statute now existing or hereafter enacted. Each Grantor agrees that, to the extent notice of sale shall be required by law, at least ten (10) days’ notice to such Grantor of the time and
place of any public sale or the time after which any private sale is to be made shall constitute reasonable notification. The Collateral Agent shall not be obligated to make any sale of Collateral regardless of notice of sale having been given. The
Collateral Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Grantor
agrees that it would not be commercially unreasonable for the Collateral Agent to dispose of the Collateral or any portion thereof by using Internet sites that provide for the auction of assets of the types included in the Collateral or that have
the reasonable capability of doing so, or that match buyers and sellers of assets. Each Grantor hereby waives any claims against the Collateral Agent arising by reason of the fact that the price at which any Collateral may have been sold at such a
private sale was less than the price which might have been obtained at a public sale, even if the Collateral Agent accepts the first offer received and does not offer such Collateral to more than one offeree. If the proceeds of any sale or other
disposition of the Collateral are insufficient to pay all the Secured Obligations, Grantors shall be liable for the deficiency and, to the extent required to be reimbursed pursuant to Section 10.2 of the Credit Agreement, the fees of any
attorneys employed by the Collateral Agent to collect such deficiency. Each Grantor further agrees that a breach of any of the covenants contained in this Section will cause irreparable injury to the Collateral Agent, that the Collateral Agent has
no adequate remedy at law in respect of such breach and, as a consequence, that each and every covenant contained in this Section shall be specifically enforceable against such Grantor, and such Grantor hereby waives and agrees not to assert any
defenses against an action for specific performance of such covenants except for a defense that no default has occurred giving rise to the Secured Obligations becoming due and payable prior to their stated maturities. Nothing in this Section shall
in any way limit the rights of the Collateral Agent hereunder. 
 (c) The Collateral Agent may sell the Collateral without giving
any warranties as to the Collateral. The Collateral Agent may specifically disclaim or modify any warranties of title or the like. This procedure will not be considered to adversely affect the commercial reasonableness of any sale of the Collateral.

 (d) The Collateral Agent shall have no obligation to marshal any of the Collateral. 

  
 27 

 9.2 Application of Proceeds. Except as expressly provided elsewhere in this
Agreement, all proceeds received by the Collateral Agent in the event that an Event of Default shall have occurred and not otherwise been waived, and the maturity of the Obligations shall have been accelerated pursuant to Section 8.1 of the
Credit Agreement and in respect of any sale of, any collection from, or other realization upon all or any part of the Collateral shall be applied in full or in part by the Collateral Agent against, the Secured Obligations in the following order of
priority: first, to the payment of all costs and expenses of such sale, collection or other realization, including reasonable compensation to the Collateral Agent and its agents and counsel, and all other expenses, liabilities and advances
made or incurred by the Collateral Agent in connection therewith, and all amounts for which the Collateral Agent is entitled to indemnification hereunder (in its capacity as the Collateral Agent and not as a Lender) and all advances made by the
Collateral Agent hereunder for the account of the applicable Grantor, and to the payment of all costs and expenses paid or incurred by the Collateral Agent in connection with the exercise of any right or remedy hereunder or under the Credit
Agreement, to the extent required to be reimbursed pursuant to Section 10.2 of the Credit Agreement, all in accordance with the terms hereof or thereof; second, to the extent of any excess of such proceeds, to the payment of all other
Secured Obligations for the ratable benefit of the Secured Parties; and third, to the extent of any excess of such proceeds, to the payment to or upon the order of the applicable Grantor or to whosoever may be lawfully entitled to receive the
same or as a court of competent jurisdiction may direct. 
 9.3 Sales on Credit. If Collateral Agent sells any of the
Collateral upon credit, Grantor will be credited only with payments actually made by purchaser in respect of such credit and received by Collateral Agent. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the
Collateral and Grantor shall be credited with proceeds of the sale. 
 9.4 Investment Related Property. Each Grantor
recognizes that, by reason of certain prohibitions contained in the Securities Act and applicable state securities laws, the Collateral Agent may be compelled, with respect to any sale of all or any part of the Investment Related Property conducted
without prior registration or qualification of such Investment Related Property under the Securities Act and/or such state securities laws, to limit purchasers to those who will agree, among other things, to acquire the Investment Related Property
for their own account, for investment and not with a view to the distribution or resale thereof. Each Grantor acknowledges that any such private sale may be at prices and on terms less favorable than those obtainable through a public sale without
such restrictions (including a public offering made pursuant to a registration statement under the Securities Act) and, notwithstanding such circumstances, each Grantor agrees that any such private sale shall be deemed to have been made in a
commercially reasonable manner and that the Collateral Agent shall have no obligation to engage in public sales and no obligation to delay the sale of any Investment Related Property for the period of time necessary to permit the issuer thereof to
register it for a form of public sale requiring registration under the Securities Act or under applicable state securities laws, even if such issuer would, or should, agree to so register it. If the Collateral Agent determines to exercise its right
to sell any or all of the Investment Related Property, upon written request, each Grantor shall and shall cause each issuer of any Pledged Stock to be sold hereunder, each partnership and each limited liability company from time to time to furnish
to the Collateral Agent all such information as the Collateral Agent may request in order to determine the number and nature of interest, shares or other instruments included in the Investment Related Property which may be sold by the Collateral
Agent in exempt transactions under the Securities Act and the rules and regulations of the Securities and Exchange Commission thereunder, as the same are from time to time in effect. 

  
 28 

 9.5 Grant of Intellectual Property License. For the purpose of enabling the
Collateral Agent, during the continuance of an Event of Default, to exercise rights and remedies under Section 9 hereof at such time as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, and for no other
purpose, each Grantor hereby grants to the Collateral Agent, to the extent assignable, an irrevocable, non-exclusive license (exercisable without payment of royalty or other compensation to such Grantor), subject, in the case of Trademarks, to
sufficient rights to quality control and inspection in favor of such Grantor to avoid the risk of invalidation of such Trademarks, to use, assign, license or sublicense any of the Intellectual Property included in the Collateral now owned or
hereafter acquired, developed or created by such Grantor, wherever the same may be located. Such license shall include access to all media in which any of the licensed items may be recorded or stored and to all computer programs used for the
compilation or printout hereof. 
 9.6 Intellectual Property. 

(a) Anything contained herein to the contrary notwithstanding, in addition to the other rights and remedies provided herein, upon the
occurrence and during the continuation of an Event of Default: 
 (i) the Collateral Agent shall have the right
(but not the obligation) to bring suit or otherwise commence any action or proceeding in the name of any Grantor, the Collateral Agent or otherwise, in the Collateral Agent’s sole discretion, to enforce any rights of such Grantor with respect
to any Intellectual Property included in the Collateral , in which event such Grantor shall, at the request of the Collateral Agent, do any and all lawful acts and execute any and all documents required by the Collateral Agent in aid of such
enforcement, and such Grantor shall promptly, upon demand, reimburse and indemnify the Collateral Agent as provided in Section 12 hereof in connection with the exercise of its rights under this Section 9.6, to the extent required to be
reimbursed pursuant to Section 10.2 of the Credit Agreement; 
 (ii) upon written demand from the Collateral
Agent, each Grantor shall grant, assign, convey or otherwise transfer to the Collateral Agent or such Collateral Agent’s designee all of such Grantor’s right, title and interest in and to any Intellectual Property included in the
Collateral and shall execute and deliver to the Collateral Agent such documents as are necessary or appropriate to carry out the intent and purposes of this Agreement; 

(iii) each Grantor agrees that such an assignment and/or recording shall be applied to reduce the Secured Obligations
outstanding only to the extent that the Collateral Agent (or any other Secured Party) receives proceeds in respect of the sale of, or other realization upon, any such Intellectual Property; 

(iv) within five (5) Business Days after written notice from the Collateral Agent, each Grantor shall make available
to the Collateral Agent, to the extent within such Grantor’s power and authority, such personnel in such Grantor’s employ on the date of such Event of Default as the Collateral Agent may reasonably designate, by name, title or job
responsibility, to permit such Grantor to continue, directly or indirectly, to produce, advertise and sell the products and services sold or delivered by such Grantor under or in connection with any Trademarks or Trademark Licenses, such persons to
be available to perform their prior functions on the Collateral Agent’s behalf and to be compensated by the Collateral Agent at such Grantor’s expense on a per diem, pro-rata basis consistent with the salary and benefit structure
applicable to each as of the date of such Event of Default; and 

  
 29 

 (v) the Collateral Agent shall have the right to notify, or require each
Grantor to notify, any obligors with respect to amounts due or to become due to such Grantor in respect of any Intellectual Property of such Grantor, of the existence of the security interest created herein, to direct such obligors to make payment
of all such amounts directly to the Collateral Agent, and, upon such notification and at the expense of such Grantor, to enforce collection of any such amounts and to adjust, settle or compromise the amount or payment thereof, in the same manner and
to the same extent as such Grantor might have done; 
  

	 	(1)	all amounts and proceeds (including checks and other instruments) received by Grantor in respect of amounts due to such Grantor in respect of the Collateral or any
portion thereof shall be received in trust for the benefit of the Collateral Agent hereunder, shall be segregated from other funds of such Grantor and shall be forthwith paid over or delivered to the Collateral Agent in the same form as so received
(with any necessary endorsement) to be held as cash Collateral and applied as provided by Section 9.7 hereof; and 

  

	 	(2)	Grantor shall not adjust, settle or compromise the amount or payment of any such amount or release wholly or partly any obligor with respect thereto or allow any credit
or discount thereon. 

 (b) If (i) an Event of Default shall have occurred and, by reason of cure, waiver,
modification, amendment or otherwise, no longer be continuing, (ii) no other Event of Default shall have occurred and be continuing, (iii) an assignment or other transfer to the Collateral Agent of any rights, title and interests in and to
any Intellectual Property of such Grantor shall have been previously made and shall have become absolute and effective, and (iv) the Secured Obligations shall not have become immediately due and payable, upon the written request of any Grantor,
the Collateral Agent shall promptly execute and deliver to such Grantor, at such Grantor’s sole cost and expense, such assignments or other transfer as may be necessary to reassign to such Grantor any such rights, title and interests as may
have been assigned to the Collateral Agent as aforesaid, subject to any disposition thereof that may have been made by the Collateral Agent; provided, after giving effect to such reassignment, the Collateral Agent’s security interest
granted pursuant hereto, as well as all other rights and remedies of the Collateral Agent granted hereunder, shall continue to be in full force and effect; and provided further, the rights, title and interests so reassigned shall be
free and clear of any other Liens granted by or on behalf of the Collateral Agent and the Secured Parties. 
 9.7 Cash
Proceeds; Deposit Accounts. (a) If any Event of Default shall have occurred and be continuing, in addition to the rights of the Collateral Agent specified in Section 6.5 with respect to payments of Receivables, all proceeds of any
Collateral received by any Grantor consisting of cash, checks and other near-cash items (collectively, “Cash Proceeds”) shall, subject to the priorities set forth in the Intercreditor Agreement, be held by such Grantor in trust for
the Collateral Agent, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Collateral Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Collateral
Agent, if required) and held by the Collateral Agent in a Deposit Account maintained under the dominion and control of the Collateral Agent. Any Cash Proceeds received by the Collateral Agent (whether from a Grantor or otherwise) may, in the
discretion of the Collateral Agent, but subject to the priorities set forth in the Intercreditor Agreement, (A) be held by the Collateral Agent for the ratable benefit of the Secured Parties, as collateral security for the Secured Obligations
(whether matured or unmatured) and/or (B) then or at any time thereafter may be applied by the Collateral Agent against the Secured Obligations then due and owing. 

  
 30 

 (b) If any Event of Default shall have occurred and be continuing, the Collateral Agent may,
subject to the priorities set forth in the Intercreditor Agreement, apply the balance from any Deposit Account or instruct the bank at which any Deposit Account is maintained to pay the balance of any Deposit Account to or for the benefit of the
Collateral Agent. 
 SECTION 10. COLLATERAL AGENT. 
 The Collateral Agent has been appointed to act as Collateral Agent hereunder by Lenders and, by their acceptance of the benefits hereof, the other Secured Parties. The Collateral Agent shall be obligated,
and shall have the right hereunder, to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking any action (including, without limitation, the release or substitution of Collateral), solely
in accordance with this Agreement and the Credit Agreement; provided, the Collateral Agent shall, after payment in full of all Obligations other than Hedging Obligations or Cash Management Obligations under the Credit Agreement and the
other Credit Documents, exercise, or refrain from exercising, any remedies provided for herein in accordance with the instructions of the holders (the “Majority Holders”) of a majority of the sum of (i) the aggregate
“settlement amount” as defined in the Hedge Agreements (or, with respect to any Hedge Agreement that has been terminated in accordance with its terms, the amount then due and payable (exclusive of expenses and similar payments but
including any early termination payments then due) under such Hedge Agreement) under all Hedge Agreements and (ii) the aggregate amount of Cash Management Obligations owed to Cash Management Providers under all Cash Management Agreements. For
purposes of the foregoing sentence, settlement amount for any Hedge Agreement that has not been terminated shall be the settlement amount as of the last Business Day of the month preceding any date of determination and shall be calculated by the
appropriate swap counterparties and reported to the Collateral Agent upon request; provided any Hedge Agreement with a settlement amount that is a negative number shall be disregarded for purposes of determining the Majority Holders. In
furtherance of the foregoing provisions of this Section, each Secured Party, by its acceptance of the benefits hereof, agrees that it shall have no right individually to realize upon any of the Collateral hereunder, it being understood and agreed by
such Secured Party that all rights and remedies hereunder may be exercised solely by the Collateral Agent for the benefit of Secured Parties in accordance with the terms of this Section. The provisions of the Credit Agreement relating to the
Collateral Agent including, without limitation, the provisions relating to resignation or removal of the Collateral Agent and the powers and duties and immunities of the Collateral Agent are incorporated herein by this reference and shall survive
any termination of the Credit Agreement. 
 SECTION 11. CONTINUING SECURITY INTEREST; TRANSFER OF LOANS. 

This Agreement shall create a continuing security interest in the Collateral and shall remain in full force and effect until the payment
in full of all Secured Obligations (subject to the Borrower’s right pursuant to Section 9.8(d) of the Credit Agreement to request termination of the security interest upon payment in full of all of the Secured Obligations other than the
Hedging Obligations or Cash Management Obligations) and the cancellation or termination of the Term Loan Commitments, be binding upon each Grantor, its successors and assigns, and inure, together with the rights and remedies of the Collateral Agent
hereunder, to the benefit of the Collateral 

  
 31 

 
Agent and its successors, transferees and assigns. Without limiting the generality of the foregoing, but subject to the terms of the Credit Agreement, any Lender may assign or otherwise transfer
any Loans held by it to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Lenders herein or otherwise. Upon the payment in full of all Secured Obligations (other than the
Hedging Obligations or Cash Management Obligations) and the cancellation or termination of the Term Loan Commitments, the security interest granted hereby shall automatically terminate hereunder and of record and all rights to the Collateral shall
revert to the Grantors. Upon any such termination the Collateral Agent shall, at the Grantors’ expense, execute and deliver to the Grantors or otherwise authorize the filing of such documents as the Grantors shall reasonably request, including
financing statement amendments to evidence such termination. Upon any disposition of property permitted by the Credit Agreement, the Liens granted herein shall be deemed to be automatically released and such property shall automatically revert to
the applicable Grantor with no further action on the part of any Person. The Collateral Agent shall, at the applicable Grantor’s expense, execute and deliver or otherwise authorize the filing of such documents as such Grantor shall reasonably
request, in form and substance reasonably satisfactory to the Collateral Agent, including financing statement amendments to evidence such release. 
 SECTION 12. STANDARD OF CARE; COLLATERAL AGENT MAY PERFORM. 
 The
powers conferred on the Collateral Agent hereunder are solely to protect its interest in the Collateral and shall not impose any duty upon it to exercise any such powers. Except for the exercise of reasonable care in the custody of any Collateral in
its possession and the accounting for moneys actually received by it hereunder, the Collateral Agent shall have no duty as to any Collateral or as to the taking of any necessary steps to preserve rights against prior parties or any other rights
pertaining to any Collateral. The Collateral Agent shall be deemed to have exercised reasonable care in the custody and preservation of Collateral in its possession if such Collateral is accorded treatment substantially equal to that which the
Collateral Agent accords its own property. Neither the Collateral Agent nor any of its directors, officers, employees or agents shall be liable for failure to demand, collect or realize upon all or any part of the Collateral or for any delay in
doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of any Grantor or otherwise. If any Grantor fails to perform any agreement contained herein, the Collateral Agent may itself perform, or cause
performance of, such agreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by each Grantor under Section 10.2 of the Credit Agreement. 
 SECTION 13. MISCELLANEOUS. 
 Any notice required or permitted to be
given under this Agreement shall be given in accordance with Section 10.1 of the Credit Agreement. No failure or delay on the part of the Collateral Agent in the exercise of any power, right or privilege hereunder or under any other Credit
Document shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or
of any other power, right or privilege. All rights and remedies existing under this Agreement and the other Credit Documents are cumulative to, and not exclusive of, any rights or remedies otherwise available. In case any provision in or obligation
under this Agreement shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any
way be affected or impaired thereby. All covenants hereunder shall be given independent effect so that if a particular action or condition is not permitted by any of such covenants, the fact that it would be

  
 32 

 
permitted by an exception to, or would otherwise be within the limitations of, another covenant shall not avoid the occurrence of a Default or an Event of Default if such action is taken or
condition exists. This Agreement shall be binding upon and inure to the benefit of the Collateral Agent and the Grantors and their respective successors and assigns. No Grantor shall, without the prior written consent of the Collateral Agent given
in accordance with the Credit Agreement, assign any right, duty or obligation hereunder. This Agreement and the other Credit Documents embody the entire agreement and understanding between the Grantors and the Collateral Agent and supersede all
prior agreements and understandings between such parties relating to the subject matter hereof and thereof. Accordingly, the Credit Documents may not be contradicted by evidence of prior, contemporaneous or subsequent oral agreements of the parties.
There are no unwritten oral agreements between the parties. This Agreement may be executed in one or more counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an
original, but all such counterparts together shall constitute but one and the same instrument; signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are physically
attached to the same document. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or in electronic format (i.e., “pdf” or “tif”) shall be effective as delivery of a manually executed
counterpart of this Agreement. 
 THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER (INCLUDING, WITHOUT
LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF) SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS
PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK (OTHER THAN ANY MANDATORY PROVISIONS OF THE UCC RELATING TO THE LAW GOVERNING PERFECTION AND THE EFFECT OF PERFECTION OF THE SECURITY
INTEREST). 
 THE PROVISIONS OF THE CREDIT AGREEMENT UNDER THE HEADINGS “CONSENT TO JURISDICTION” AND
“WAIVER OF JURY TRIAL” ARE INCORPORATED HEREIN BY THIS REFERENCE AND SUCH INCORPORATION SHALL SURVIVE ANY TERMINATION OF THE CREDIT AGREEMENT. 
 SECTION 14. ACKNOWLEDGEMENT. 
 Notwithstanding anything herein to the
contrary, the Liens granted to the Collateral Agent under this Agreement and the exercise of the rights and remedies of the Collateral Agent hereunder and under any other Collateral Document are subject to the provisions of the Intercreditor
Agreement and any other intercreditor agreement entered into in accordance with the terms of the Credit Agreement. In the event of any conflict between the terms of the Intercreditor Agreement and this Agreement, the terms of the Intercreditor
Agreement shall govern and control. In the event of any conflict between the terms of any other intercreditor agreement and this Agreement, the terms of such other intercreditor agreement shall govern and control. 

[Signature pages follow.] 

  
 33 

 IN WITNESS WHEREOF, each Grantor and the Collateral Agent have caused this Agreement to be
duly executed and delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	 NEWPAGE INVESTMENT COMPANY LLC,
 as Grantor

		
	By:	 	 

 
			
	Name:	 	 
	Title:	 	 

  

			
	 NEWPAGE CORPORATION,
 as Grantor

		
	By:	 	 

 
			
	Name:	 	 
	Title:	 	 

  

			
	 ESCANABA PAPER COMPANY,
 as Grantor

		
	By:	 	 

 
			
	Name:	 	 
	Title:	 	 

  

			
	 LUKE PAPER COMPANY,
 as Grantor

		
	By:	 	 

 
			
	Name:	 	 
	Title:	 	 

 Pledge and Security Agreement 

 
			
	 NEWPAGE CONSOLIDATED PAPERS INC. ,
 as Grantor

		
	By:	 	 

 
			
	Name:	 	 
	Title:	 	 

  

			
	 NEWPAGE WISCONSIN SYSTEM INC. ,
 as Grantor

		
	By:	 	 

 
			
	Name:	 	 
	Title:	 	 

  

			
	 RUMFORD PAPER COMPANY,
 as Grantor

		
	By:	 	 

 
			
	Name:	 	 
	Title:	 	 

  

			
	 WICKLIFFE PAPER COMPANY LLC,
 as Grantor

		
	By:	 	 

 
			
	Name:	 	 
	Title:	 	 

 Pledge and Security Agreement 

 
			
	 BARCLAYS BANK PLC,
 as Collateral Agent

		
	By:	 	 
		 	Authorized Signatory

 Pledge and Security Agreement 

 SCHEDULE 5.1 
 TO PLEDGE AND SECURITY AGREEMENT 
 GENERAL INFORMATION 

 

	(A)	Full Legal Name, Type of Organization, Jurisdiction of Organization, Chief Executive Office/Sole Place of Business (or Residence if Grantor is a Natural Person) and
Organizational Identification Number of each Grantor: 

  

									
	 Full Legal Name
	  	Type of
Organization	  	Jurisdiction of
Organization	  	Chief Executive
Office/Sole Place 
of
Business (or
Residence if Grantor
is a Natural Person)	  	Organization I.D.#

  

	(B)	Other Names (including any Trade Name or Fictitious Business Name) under which each Grantor currently conducts business: 

 

			
	 Full Legal Name
	  	 Trade Name or Fictitious Business Name

 

	(C)	Changes in Name, Jurisdiction of Organization, Chief Executive Office or Sole Place of Business (or Principal Residence if Grantor is a Natural Person) and Corporate
Structure within past five (5) years: 

  

					
	 Grantor
	  	Date of Change	  	Description of Change

  
 SCHEDULE 5.1-1

 SCHEDULE 5.2 
 TO PLEDGE AND SECURITY AGREEMENT 
 COLLATERAL IDENTIFICATION 

I. INVESTMENT RELATED PROPERTY 
  

	(A)	Pledged Stock: 

  

															
	 Grantor
	  	Stock
Issuer	  	Class of
Stock	  	Certificated
(Y/N)	  	Stock
Certificate
No.	  	Par
Value	  	No. of
Pledged
Stock	  	Percentage
of
Outstanding
Stock of the
Stock Issuer

Pledged LLC Interests: 
  

											
	 Grantor
	  	Limited
Liability
Company	  	Certificated
(Y/N)	  	Certificate No.
(if any)	  	No. of Pledged
Units	  	Percentage of
Outstanding
LLC Interests of
the
Limited
Liability
Company

 Pledged Partnership Interests: 

 

											
	 Grantor
	  	Partnership	  	Type of
Partnership
Interests (e.g.,
general or
limited)	  	Certificated
(Y/N)	  	Certificate No.
(if any)	  	Percentage of
Outstanding
Partnership
Interests of 
the
Partnership

 Trust Interests or other Equity Interests not listed above: 

 

											
	 Grantor
	  	Trust	  	Class of Trust
Interests	  	Certificated
(Y/N)	  	Certificate No.
(if any)	  	Percentage of
Outstanding
Trust Interests
of the Trust

Pledged Debt: 
  

											
	 Grantor
	  	Issuer	  	Original
Principal
Amount	  	Outstanding
Principal
Balance	  	Issue Date	  	Maturity Date

  
 SCHEDULE 5.2-1

 Securities Account: 

 

							
	 Grantor
	  	Share of Securities
Intermediary	  	Account Number	  	Account Name

 Deposit Accounts: 
  

							
	 Grantor
	  	Name of Depositary Bank	  	Account Number	  	Account Name

 Commodity Contracts and Commodity Accounts: 
  

							
	 Grantor
	  	Name of Commodity
Intermediary	  	Account Number	  	Account Name

 II. INTELLECTUAL PROPERTY 
  

	 	(A)	Copyrights 

  

									
	 Grantor
	  	Jurisdiction	  	Title of Work	  	Registration Number
(if any)	  	Registration Date
(if any)

 

	 	(B)	Copyright Licenses 

  

							
	 Grantor
	  	Description of Copyright
License	  	Registration Number (if
any) of underlying
Copyright	  	Name of Licensor

 

	 	(C)	Patents 

  

									
	 Grantor
	  	Jurisdiction	  	Title of Patent	  	Patent
Number/(Application
Number)	  	Issue Date/(Filing
Date)

  
 SCHEDULE 5.2-2

	 	(D)	Patent Licenses 

  

							
	 Grantor
	  	Description of Patent
License	  	Patent Number of
underlying Patent	  	Name of Licensor

 

	 	(E)	Trademarks 

  

									
	 Grantor
	  	Jurisdiction	  	Trademark	  	Registration
Number/(Serial
Number)	  	Registration
Date/(Filing Date)

 

	 	(F)	Trademark Licenses 

  

							
	 Grantor
	  	Description of Trademark
License	  	Registration Number of
underlying Trademark	  	Name of Licensor

 

	 	(G)	Trade Secret Licenses 

 III.
COMMERCIAL TORT CLAIMS 
  

			
	 Grantor
	  	Commercial Tort Claims

 IV. LETTER OF CREDIT RIGHTS 
  

			
	 Grantor
	  	Description of Letters of Credit

  
 SCHEDULE 5.2-3

 V. WAREHOUSEMAN, BAILEES AND OTHER THIRD PARTIES IN POSSESSION OF COLLATERAL

  

					
	 Grantor
	  	Description of Property	  	Name and Address of Third Party

  
 SCHEDULE 5.2-4

			
		  	 SCHEDULE 5.4
 TO PLEDGE AND SECURITY AGREEMENT

 FINANCING STATEMENTS: 
  

			
	 Grantor
	  	Filing Jurisdiction(s)

  
 SCHEDULE 5.4-1

 SCHEDULE 5.5 
 TO PLEDGE AND SECURITY AGREEMENT 
  

			
	 Grantor
	  	Location of Equipment and Inventory

  
 SCHEDULE 5.5-1

 EXHIBIT A 
 TO PLEDGE AND SECURITY AGREEMENT 
 PLEDGE SUPPLEMENT 

This PLEDGE SUPPLEMENT, dated [mm/dd/yy], is delivered by [NAME OF GRANTOR] a [NAME OF STATE OF
INCORPORATION] [Corporation] (the “Grantor”) pursuant to the Pledge and Security Agreement, dated as of [mm/dd/yy] (as it may be from time to time amended, restated, modified or supplemented, the “Security
Agreement”), among NewPage Corporation, the other Grantors named therein, and Barclays Bank PLC, as the Collateral Agent. Capitalized terms used herein not otherwise defined herein shall have the meanings ascribed thereto in the Security
Agreement. 
 Grantor hereby confirms the grant to the Collateral Agent set forth in the Security Agreement of, and does hereby
grant to the Collateral Agent, a security interest in all of Grantor’s right, title and interest in, to and under all Collateral to secure the Secured Obligations, in each case whether now or hereafter existing or in which Grantor now has or
hereafter acquires an interest and wherever the same may be located. Grantor represents and warrants that the attached Supplements to Schedules accurately and completely set forth all additional information required to be provided pursuant to the
Security Agreement and hereby agrees that such Supplements to Schedules shall constitute part of the Schedules to the Security Agreement. 
 THIS PLEDGE SUPPLEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF)
SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF
NEW YORK (OTHER THAN ANY MANDATORY PROVISIONS OF THE UCC RELATING TO THE LAW GOVERNING PERFECTION AND THE EFFECT OF PERFECTION OF THE SECURITY INTEREST). 
 IN WITNESS WHEREOF, Grantor has caused this Pledge Supplement to be duly executed and delivered by its duly authorized officer as of [mm/dd/yy]. 

 

			
	[NAME OF GRANTOR]
		
	By:	 	 

 
			
	 Name:
	 	
	 Title:
	 	

  
 EXHIBIT A-1

 SUPPLEMENT TO SCHEDULE 5.1 

TO PLEDGE AND SECURITY AGREEMENT 

Additional Information: 

GENERAL INFORMATION 
  

	(A)	Full Legal Name, Type of Organization, Jurisdiction of Organization, Chief Executive Office/Sole Place of Business (or Residence if Grantor is a Natural Person) and
Organizational Identification Number of each Grantor: 

  

									
	 Full Legal Name
	  	Type of
Organization	  	Jurisdiction of
Organization	  	Chief Executive
Office/Sole Place 
of
Business (or
Residence if Grantor
is a Natural Person)	  	Organization I.D.#

 

	(B)	Other Names (including any Trade Name or Fictitious Business Name) under which each Grantor currently conducts business: 

 

			
	 Full Legal Name
	  	Trade Name or Fictitious Business Name

 

	(C)	Changes in Name, Jurisdiction of Organization, Chief Executive Office or Sole Place of Business (or Principal Residence if Grantor is a Natural Person) and Corporate
Structure within past five (5) years: 

  

					
	 Grantor
	  	Date of Change	  	Description of Change

  
 EXHIBIT A-2

 SUPPLEMENT TO SCHEDULE 5.2 

TO PLEDGE AND SECURITY AGREEMENT 
 COLLATERAL IDENTIFICATION 
 I. INVESTMENT RELATED PROPERTY

  

	(A)	Pledged Stock: 

  

															
	 Grantor
	  	Stock
Issuer	  	Class of
Stock	  	Certificated
(Y/N)	  	Stock
Certificate
No.	  	Par Value	  	No. of
Pledged
Stock	  	Percentage
of
Outstanding
Stock of the
Stock Issuer

Pledged LLC Interests: 
  

											
	 Grantor
	  	Limited
Liability
Company	  	Certificated
(Y/N)	  	Certificate No.
(if any)	  	No. of Pledged
Units	  	Percentage of
Outstanding
LLC Interests of
the
Limited
Liability
Company

 Pledged Partnership Interests: 

 

											
	 Grantor
	  	Partnership	  	Type of
Partnership
Interests (e.g.,
general or
limited)	  	Certificated
(Y/N)	  	Certificate No.
(if any)	  	Percentage of
Outstanding
Partnership
Interests of 
the
Partnership

 Pledged Trust Interests: 

 

											
	 Grantor
	  	Trust	  	Class of Trust
Interests	  	Certificated
(Y/N)	  	Certificate No.
(if any)	  	Percentage of
Outstanding
Trust Interests
of the Trust

Pledged Debt: 
  

											
	 Grantor
	  	Issuer	  	Original
Principal
Amount	  	Outstanding
Principal
Balance	  	Issue Date	  	Maturity Date

  
 EXHIBIT A-3

 Securities Account: 

 

							
	 Grantor
	  	Share of Securities
Intermediary	  	Account Number	  	Account Name

 Deposit Accounts: 
  

							
	 Grantor
	  	Name of Depositary
Bank	  	Account Number	  	Account Name

 Commodities Accounts: 
  

							
	 Grantor
	  	Name of Commodities
Intermediary	  	Account Number	  	Account Name

 (B) 
  

					
	 Grantor
	  	Date of Acquisition	  	Description of Acquisition

II. INTELLECTUAL PROPERTY 
  

	 	(A)	Copyrights 

  

									
	 Grantor
	  	Jurisdiction	  	Title of Work	  	Registration Number
(if any)	  	Registration Date
(if any)

 

	 	(B)	Copyright Licenses 

  

							
	 Grantor
	  	Description of Copyright
License	  	Registration Number
(if any) of underlying
Copyright	  	Name of Licensor

 

	 	(C)	Patents 

  

									
	 Grantor
	  	Jurisdiction	  	Title of Patent	  	Patent
Number/(Application
Number)	  	Issue Date/(Filing
Date)

  
 EXHIBIT A-4

	 	(D)	Patent Licenses 

  

							
	 Grantor
	  	Description of Patent
License	  	Patent Number of
underlying Patent	  	Name of Licensor

 

	 	(E)	Trademarks 

  

									
	 Grantor
	  	Jurisdiction	  	Trademark	  	Registration
Number/(Serial
Number)	  	Registration
Date/(Filing Date)

 

	 	(F)	Trademark Licenses 

  

							
	 Grantor
	  	Description of Trademark
License	  	Registration Number of
underlying Trademark	  	Name of Licensor

 

	 	(G)	Trade Secret Licenses 

 III.
COMMERCIAL TORT CLAIMS 
  

			
	 Grantor
	  	Commercial Tort Claims

IV. LETTER OF CREDIT RIGHTS 
  

			
	 Grantor
	  	Description of Letters of Credit

  
 EXHIBIT A-5

 V. WAREHOUSEMAN, BAILEES AND OTHER THIRD PARTIES IN POSSESSION OF COLLATERAL

  

					
	 Grantor
	  	Description of Property	  	Name and Address of Third Party

  
 EXHIBIT A-6

			
		  	 SUPPLEMENT TO SCHEDULE 5.4
 TO PLEDGE AND SECURITY AGREEMENT

 Financing Statements: 
  

			
	 Grantor
	  	Filing Jurisdiction(s)

  
 EXHIBIT A-7

 SUPPLEMENT TO SCHEDULE 5.5 

TO PLEDGE AND SECURITY AGREEMENT 
 Additional Information: 
  

			
	 Name of Grantor
	  	Location of Equipment and Inventory

  
 EXHIBIT A-8

 EXHIBIT B 
 TO PLEDGE AND SECURITY AGREEMENT 
 FORM OF TRADEMARK SECURITY AGREEMENT

 This TRADEMARK SECURITY AGREEMENT, dated as of
[            ], 20[    ] (as it may be amended, restated, supplemented or otherwise modified from time to time, this
“Agreement”), is made by the entities identified as grantors on the signature pages hereto (collectively, the “Grantors”) in favor of Barclays Bank PLC, as collateral agent for the Secured Parties (in such capacity,
together with its successors and permitted assigns, the “Collateral Agent”). 
 WHEREAS, the Grantors
are party to a Pledge and Security Agreement dated as of December 21, 2012 (the “Pledge and Security Agreement”) between each of the Grantors and the other grantors party thereto and the Collateral Agent pursuant to which the
Grantors granted a security interest to the Collateral Agent in the Trademark Collateral (as defined below) and are required to execute and deliver this Agreement. 
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Grantors hereby agree with the
Collateral Agent as follows: 
 SECTION 1. Defined Terms 
 Unless otherwise defined herein, terms defined in the Security Agreement and used herein have the meaning given to them in the Security Agreement. 
 SECTION 2. Grant of Security Interest in Trademark Collateral 
 SECTION
2.1 Grant of Security. Each Grantor hereby grants to the Collateral Agent, for the benefit of the Secured Parties, a security interest in and continuing lien on all of such Grantor’s right, title and interest in, to and under the following,
in each case whether now owned or existing or hereafter acquired, developed, created or arising and wherever located (collectively, the “Trademark Collateral”): 
 all United States, and foreign trademarks, trade names, trade dress, corporate names, company names, business names, fictitious business names, Internet domain names, service marks, certification marks,
collective marks, logos, other source or business identifiers, designs and general intangibles of a like nature, whether or not registered, and with respect to any and all of the foregoing: (i) all registrations and applications therefor
including, without limitation, the registrations and applications listed or required to be listed in Schedule A attached hereto, (ii) all extensions or renewals of any of the foregoing, (iii) all of the goodwill of the business connected
with the use of and symbolized by any of the foregoing, (iv) the right to sue or otherwise recover for any past, present and future infringement, dilution or other violation of any of the foregoing or for any injury to the related goodwill,
(v) all Proceeds of the foregoing, including, without limitation, license fees, royalties, income, payments, claims, damages, and proceeds of suit now or hereafter due and/or payable with respect thereto, and (vi) all other rights of any
kind accruing thereunder or pertaining thereto throughout the world. 

  
 EXHIBIT B-1

 SECTION 2.2 Certain Limited Exclusions. Notwithstanding anything herein to the
contrary, in no event shall the Trademark Collateral include or the security interest granted under Section 2.1 hereof attach to any “intent-to-use” application for registration of a Trademark filed pursuant to Section 1(b) of
the Lanham Act, 15 U.S.C. § 1051, prior to the filing of a “Statement of Use” pursuant to Section 1(d) of the Lanham Act or an “Amendment to Allege Use” pursuant to Section 1(c) of the Lanham Act with respect
thereto, solely to the extent, if any, that, and solely during the period, if any, in which, the grant of a security interest therein would impair the validity or enforceability of any registration that issues from such intent-to-use application
under applicable federal law. 
 SECTION 3. Security Agreement 
 The security interest granted pursuant to this Agreement is granted in conjunction with the security interest granted to the Collateral Agent for the Secured Parties pursuant to the Pledge and Security
Agreement, and the Grantors hereby acknowledge and affirm that the rights and remedies of the Collateral Agent with respect to the security interest in the Trademark Collateral made and granted hereby are more fully set forth in the Pledge and
Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Agreement is deemed to conflict with the Pledge and Security Agreement, the provisions
of the Pledge and Security Agreement shall control. 
 SECTION 4. Governing Law 

THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW
OR TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF) SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE
APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK (OTHER THAN ANY MANDATORY PROVISIONS OF LAW RELATING TO THE LAW GOVERNING PERFECTION AND THE EFFECT OF PERFECTION OF THE SECURITY INTEREST). 

SECTION 5. Counterparts 

This Agreement may be executed in one or more counterparts and by different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. 
 [Remainder of page intentionally left blank] 

  
 EXHIBIT B-2

 IN WITNESS WHEREOF, each Grantor has caused this Agreement to be executed and
delivered by its duly authorized officer as of the date first set forth above. 
  

			
	[NAME OF GRANTOR]
		
	 By:
	 	 
		 	Name:
		 	 Title:

  

			
	[NAME OF GRANTOR]
		
	 By:
	 	 
		 	 Name:

		 	 Title:

  
 EXHIBIT B-3

 Accepted and Agreed: 
  

			
	 BARCLAYS BANK PLC, 

as Collateral Agent

		
	 By:
	 	 
		 	 Authorized Signatory

  
 EXHIBIT B-4

 SCHEDULE A 
 to 
 TRADEMARK SECURITY AGREEMENT 

TRADEMARK REGISTRATIONS AND APPLICATIONS 
  

									
	 Mark
	  	Serial No.	  	Filing Date	  	Registration No.	  	Registration Date

  
 EXHIBIT B-5

 EXHIBIT C 
 TO PLEDGE AND SECURITY AGREEMENT 
 FORM OF PATENT SECURITY AGREEMENT

 This PATENT SECURITY AGREEMENT, dated as of
[            ], 20[    ] (as it may be amended, restated, supplemented or otherwise modified from time to time, this
“Agreement”), is made by the entities identified as grantors on the signature pages hereto (collectively, the “Grantors”) in favor of Barclays Bank PLC, as collateral agent for the Secured Parties (in such capacity,
together with its successors and permitted assigns, the “Collateral Agent”). 
 WHEREAS, the Grantors
are party to a Pledge and Security Agreement dated as of December 21, 2012 (the “Pledge and Security Agreement”) between each of the Grantors and the other grantors party thereto and the Collateral Agent pursuant to which the
Grantors granted a security interest to the Collateral Agent in the Patent Collateral (as defined below) and are required to execute and deliver this Agreement. 
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Grantors hereby agree with the
Collateral Agent as follows: 
 SECTION. 1. Defined Terms 
 Unless otherwise defined herein, terms defined in the Pledge and Security Agreement and used herein have the meaning given to them in the Pledge and Security Agreement. 

SECTION 2. Grant of Security Interest 
 Each Grantor hereby grants to the Collateral Agent, for the benefit of the Secured Parties, a security interest in and continuing lien on all of such Grantor’s right, title and interest in, to and
under the following, in each case whether now owned or existing or hereafter acquired, developed, created or arising and wherever located (collectively, the “Patent Collateral”): 

all United States and foreign patents and certificates of invention, or similar industrial property rights, and applications for any of
the foregoing, including, but not limited to: (i) each patent and patent application listed or required to be listed in Schedule A attached hereto, (ii) all reissues, divisions, continuations, continuations-in-part, extensions, renewals,
and reexaminations thereof, (iii) all patentable inventions and improvements thereto, (iv) the right to sue or otherwise recover for any past, present and future infringement or other violation thereof, (v) all Proceeds of the
foregoing, including, without limitation, license fees, royalties, income, payments, claims, damages, and proceeds of suit now or hereafter due and/or payable with respect thereto, and (vi) all other rights of any kind accruing thereunder or
pertaining thereto throughout the world. 
 SECTION 3. Security Agreement 

The security interest granted pursuant to this Agreement is granted in conjunction with the security interest granted to the Collateral
Agent for the Secured Parties pursuant to the Pledge and Security Agreement, and the Grantors hereby acknowledge and affirm that the rights and remedies of the Collateral Agent with respect to the security interest in the Patent Collateral made

  
 EXHIBIT C-1

 
and granted hereby are more fully set forth in the Pledge and Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event
that any provision of this Agreement is deemed to conflict with the Pledge and Security Agreement, the provisions of the Pledge and Security Agreement shall control. 
 SECTION 4. Governing Law 
 THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF
THE PARTIES HEREUNDER (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF) SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK (OTHER THAN ANY MANDATORY PROVISIONS OF LAW RELATING TO THE LAW GOVERNING PERFECTION AND THE
EFFECT OF PERFECTION OF THE SECURITY INTEREST). 
 SECTION 5. Counterparts 

This Agreement may be executed in one or more counterparts and by different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. 
 [Remainder of page intentionally left blank] 

  
 EXHIBIT C-2

 IN WITNESS WHEREOF, each Grantor has caused this Agreement to be executed and
delivered by its duly authorized officer as of the date first set forth above. 
  

			
	[NAME OF GRANTOR]
		
	 By:
	 	 
		 	Name:
		 	 Title:

  

			
	[NAME OF GRANTOR]
		
	 By:
	 	 
		 	Name:
		 	 Title:

  
 EXHIBIT C-3

 Accepted and Agreed: 
  

			
	 BARCLAYS BANK PLC, 

as Collateral Agent

		
	 By:
	 	 
		 	 Authorized Signatory

  
 EXHIBIT C-4

 SCHEDULE A 
 to 
 PATENT SECURITY AGREEMENT 

PATENTS AND PATENT APPLICATIONS 
  

									
	 Title
	  	Application No.	  	Filing Date	  	Patent No.	  	Issue Date

  
 EXHIBIT C-5

 EXHIBIT D 
 TO PLEDGE AND SECURITY AGREEMENT 
 FORM OF COPYRIGHT SECURITY AGREEMENT

 This COPYRIGHT SECURITY AGREEMENT, dated as of
[            ], 20[    ] (as it may be amended, restated, supplemented or otherwise modified from time to time, this
“Agreement”), is made by the entities identified as grantors on the signature pages hereto (collectively, the “Grantors”) in favor of Barclays Bank PLC, as collateral agent for the Secured Parties (in such capacity,
together with its successors and permitted assigns, the “Collateral Agent”). 
 WHEREAS, the Grantors
are party to a Pledge and Security Agreement dated as of December 21, 2012 (the “Pledge and Security Agreement”) between each of the Grantors and the other grantors party thereto and the Collateral Agent pursuant to which the
Grantors granted a security interest to the Collateral Agent in the Copyright Collateral (as defined below) and are required to execute and deliver this Agreement. 
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Grantors hereby agree with the
Collateral Agent as follows: 
 SECTION 1. Defined Terms 
 Unless otherwise defined herein, terms defined in the Pledge and Security Agreement and used herein have the meaning given to them in the Pledge and Security Agreement. 

SECTION 2. Grant of Security Interest 
 Each Grantor hereby grants to the Collateral Agent, for the benefit of the Secured Parties, a security interest in and continuing lien on all of such Grantor’s right, title and interest in, to and
under the following, in each case whether now owned or existing or hereafter acquired, developed, created or arising and wherever located (collectively, the “Copyright Collateral”): 

(a) all United States, and foreign copyrights (whether or not the underlying works of authorship have been published), including but not
limited to copyrights in software and all rights in and to databases, all designs (including but not limited to industrial designs, Protected Designs and Community designs), and all Mask Works (as defined under 17 U.S.C. 901 of the U.S. Copyright
Act), whether registered or unregistered, as well as all moral rights, reversionary interests, and termination rights, and, with respect to any and all of the foregoing: (i) all registrations and applications therefor including, without
limitation, the registrations and applications listed or required to be listed in Schedule A attached hereto, (ii) all extensions and renewals thereof, (iii) the right to sue or otherwise recover for any past, present and future
infringement or other violation thereof, (iv) all Proceeds of the foregoing, including, without limitation, license fees, royalties, income, payments, claims, damages and proceeds of suit now or hereafter due and/or payable with respect
thereto, and (v) all other rights of any kind accruing thereunder or pertaining thereto throughout the world; and 
 (b) any
and all agreements, licenses and covenants providing for the granting of any exclusive right to such Grantor in or to any registered Copyright including, without limitation, each agreement required to be listed in Schedule A attached hereto, and the
right to sue 

  
 EXHIBIT D-1

 
or otherwise recover for past, present and future infringement or other violation or impairment thereof, including the right to receive all Proceeds therefrom, including without limitation
license fees, royalties, income, payments, claims, damages and proceeds of suit, now or hereafter due and/or payable with respect thereto. 

SECTION 3. Security Agreement 
 The security interest granted pursuant to this Agreement is granted in conjunction with the security interest granted to the Collateral Agent for the Secured Parties pursuant to the Pledge and Security
Agreement, and the Grantors hereby acknowledge and affirm that the rights and remedies of the Collateral Agent with respect to the security interest in the Copyright Collateral made and granted hereby are more fully set forth in the Pledge and
Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Agreement is deemed to conflict with the Pledge and Security Agreement, the provisions
of the Pledge and Security Agreement shall control. 
 SECTION 4. Governing Law 

THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW
OR TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF) SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE
APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK (OTHER THAN ANY MANDATORY PROVISIONS OF LAW RELATING TO THE LAW GOVERNING PERFECTION AND THE EFFECT OF PERFECTION OF THE SECURITY INTEREST). 

SECTION 5. Counterparts 

This Agreement may be executed in one or more counterparts and by different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. 
 [Remainder of page intentionally left blank] 

  
 EXHIBIT D-2

 IN WITNESS WHEREOF, each Grantor has caused this Agreement to be executed and
delivered by its duly authorized officer as of the date first set forth above. 
  

			
	[NAME OF GRANTOR]
		
	 By:
	 	 
		 	Name:
		 	 Title:

  

			
	[NAME OF GRANTOR]
		
	 By:
	 	 
		 	Name:
		 	 Title:

  
 EXHIBIT D-3

 Accepted and Agreed: 
  

			
	 BARCLAYS BANK PLC, 

as Collateral Agent

		
	 By:
	 	 
		 	Authorized Signatory

  
 EXHIBIT D-4

 SCHEDULE A 
 to 
 COPYRIGHT SECURITY AGREEMENT 

COPYRIGHT REGISTRATIONS AND APPLICATIONS 
  

									
	 Title
	  	Application No.	  	Filing Date	  	Registration No.	  	Registration Date

 EXCLUSIVE COPYRIGHT LICENSES 
  

					
	 Description of Copyright License
	  	Name of Licensor	  	Registration Number of
underlying Copyright

  
 EXHIBIT D-5

 EXHIBIT I TO 
 CREDIT AND GUARANTY AGREEMENT 
 MORTGAGE 

[Separately Attached] 

  
 EXHIBIT I-1

 EXHIBIT I TO 
 CREDIT AND GUARANTY AGREEMENT 
 RECORDING REQUESTED BY: 

Latham & Watkins LLP 
 233 South
Wacker Drive, Suite 5800 
 Chicago, Illinois 60606 
 AND WHEN RECORDED MAIL TO: 
 Latham & Watkins LLP 

233 South Wacker Drive, Suite 5800 
 Chicago,
Illinois 60606 
 Attn: Ryan J. LaFevers, Esq. 
 Re: [NAME OF MORTGAGOR] 
 Location: 
 Municipality: 
 County: 
 State: 
 Space above this line for recorder’s use only 

MORTGAGE, SECURITY AGREEMENT, ASSIGNMENT OF RENTS AND LEASES AND FIXTURE FILING 

This MORTGAGE, SECURITY AGREEMENT, ASSIGNMENT OF RENTS AND LEASES AND FIXTURE FILING, dated as of December
[    ], 2012 (this “Mortgage”), by and from [NAME OF MORTGAGOR], a [Type of Person] and with an address of [            ]
(“Mortgagor”), to BARCLAYS BANK PLC, as agent for Lenders and Lender Counterparties and with an address of 745 7th Avenue, 27th Floor, New York, NY 10019 (in such capacity, “Mortgagee”). 

RECITALS: 

WHEREAS, reference is made to that certain Credit and Guaranty Agreement, dated as of December 21, 2012 (as it may be amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined), by and among NEWPAGE CORPORATION, a Delaware
corporation (the “Borrower”), NEWPAGE INVESTMENT COMPANY LLC, a Delaware limited liability company, certain Subsidiaries of Borrower party thereto from time to time (including, without limitation, Mortgagor), as Guarantors,
the Lenders party thereto from time to time, GOLDMAN SACHS LENDING PARTNERS LLC, as Syndication Agent, BARCLAYS BANK PLC, as Administrative Agent and Documentation Agent, and Mortgagee; 

  
 EXHIBIT I-1

 WHEREAS, subject to the terms and conditions of the Credit Agreement, Mortgagor may
enter into one or more Hedge Agreements with one or more Lender Counterparties and/or one or more Cash Management Agreements with one or more Cash Management Providers; and 
 WHEREAS, in consideration of the extensions of credit and other accommodations of Lenders and Lender Counterparties as set forth in the Credit Agreement and the Hedge Agreements and Cash Management
Agreements, respectively, Mortgagor has agreed, subject to the terms and conditions hereof, to secure Mortgagor’s obligations under the Credit Documents, the Hedge Agreements and the Cash Management Agreements as set forth herein. 

NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, Mortgagee and
Mortgagor agree as follows: 
 SECTION 1. DEFINITIONS 
 1.1. Definitions. Capitalized terms used herein (including the recitals hereto) not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement. In addition, as used
herein, the following terms shall have the following meanings: 
 “Indebtedness” means (i) with respect to
Borrower, all obligations and liabilities of every nature of Borrower now or hereafter existing under or arising out of or in connection with the Credit Agreement and the other Credit Documents and any Hedge Agreement or Cash Management Agreement;
and (ii) with respect to any other Mortgagor, all obligations and liabilities of every nature of such Mortgagor now or hereafter existing under or arising out of or in connection with the Credit Agreement and the other Credit Documents, any Hedge
Agreement and any Cash Management Agreements in each case together with all extensions or renewals thereof, whether for principal, interest (including interest that, but for the filing of a petition in bankruptcy with respect to such Mortgagor,
would accrue on such obligations, whether or not a claim is allowed against such Mortgagor for such interest in the related bankruptcy proceeding), reimbursement of amounts drawn under Letters of Credit, payments for early termination of Hedge
Agreements and Cash Management Agreements, fees, expenses, indemnities or otherwise, whether voluntary or involuntary, direct or indirect, absolute or contingent, liquidated or unliquidated, whether or not jointly owed with others, and whether or
not from time to time decreased or extinguished and later increased, created or incurred, and all or any portion of such obligations or liabilities that are paid, to the extent all or any part of such payment is avoided or recovered directly or
indirectly from Mortgagor, any Lender or Lender Counterparty as a preference, fraudulent transfer or otherwise, and all obligations of every nature of Mortgagor now or hereafter existing under this Mortgage. 

“Mortgaged Property” means all of Mortgagor’s interest in (i) the real property described in Exhibit A, together
with any greater or additional estate therein as hereafter may be acquired by Mortgagor (the “Land”); (ii) all improvements now owned or hereafter acquired by Mortgagor, now or at any time situated, placed or constructed upon the
Land subject to the Permitted Liens, (the “Improvements”; the Land and Improvements are collectively referred to 

  
 EXHIBIT I-2

 
as the “Premises”); (iii) all materials, supplies, equipment, apparatus and other items of personal property now owned or hereafter acquired by Mortgagor and now or hereafter
attached to, installed in or used in connection with any of the Improvements or the Land, and water, gas, electrical, telephone, storm and sanitary sewer facilities and all other utilities whether or not situated in easements (the
“Fixtures”); (iv) all right, title and interest of Mortgagor in and to all goods, accounts, general intangibles, instruments, documents, chattel paper and all other personal property of any kind or character, including such items of
personal property as defined in the UCC (defined below), now owned or hereafter acquired by Mortgagor and now or hereafter affixed to, placed upon, used in connection with, arising from or otherwise related to the Premises (the
“Personalty”); (v) all reserves, escrows or impounds required under the Credit Agreement and all deposit accounts maintained by Mortgagor with respect to the Mortgaged Property (the “Deposit Accounts”); (vi) all
leases, licenses, concessions, occupancy agreements or other agreements (written or oral, now or at any time in effect) which grant to any Person (other than Mortgagor) a possessory interest in, or the right to use, all or any part of the Mortgaged
Property, together with all related security and other deposits subject to depositors rights and requirements of law (the “Leases”); (vii) all of the rents, revenues, royalties, income, proceeds, profits, security and other types of
deposits subject to depositors rights and requirements of law, and other benefits paid or payable by parties to the Leases for using, leasing, licensing possessing, operating from, residing in, selling or otherwise enjoying the Mortgaged Property
(the “Rents”), (viii) to the extent mortgageable or assignable all other agreements, such as construction contracts, architects’ agreements, engineers’ contracts, utility contracts, maintenance agreements, management
agreements, service contracts, listing agreements, guaranties, warranties, permits, licenses, certificates and entitlements in any way relating to the construction, use, occupancy, operation, maintenance, enjoyment or ownership of the Mortgaged
Property (the “Property Agreements”); (ix) to the extent mortgageable or assignable all rights, privileges, tenements, hereditaments, rights of way, easements, appendages and appurtenances appertaining to the foregoing; (x) all
property tax refunds payable to Mortgagor (the “Tax Refunds”); (xi) all accessions, replacements and substitutions for any of the foregoing and all proceeds thereof (the “Proceeds”); (xii) all insurance policies,
unearned premiums therefor and proceeds from such policies covering any of the above property now or hereafter acquired by Mortgagor (the “Insurance”); and (xiii) all of Mortgagor’s right, title and interest in and to any
awards, damages, remunerations, reimbursements, settlements or compensation heretofore made or hereafter to be made by any governmental authority pertaining to the Land, Improvements, Fixtures or Personalty (the “Condemnation
Awards”). As used in this Mortgage, the term “Mortgaged Property” shall mean all or, where the context permits or requires, any portion of the above or any interest therein. 

“Obligations” means all of the agreements, covenants, conditions, warranties, representations and other obligations of
Mortgagor (including, without limitation, the obligation to repay the Indebtedness) under the Credit Agreement, any other Credit Documents, any of the Hedge Agreements or any Cash Management Agreement. 

“UCC” means the Uniform Commercial Code of New York or, if the creation, perfection and enforcement of any security
interest herein granted is governed by the laws of a state other than New York, then, as to the matter in question, the Uniform Commercial Code in effect in that state. 

  
 EXHIBIT I-3

 1.2. Interpretation. References to “Sections” shall be to Sections of this
Mortgage unless otherwise specifically provided. Section headings in this Mortgage are included herein for convenience of reference only and shall not constitute a part of this Mortgage for any other purpose or be given any substantive effect. The
rules of construction set forth in Section 1.3 of the Credit Agreement shall be applicable to this Mortgage mutatis mutandis. If any conflict or inconsistency exists between this Mortgage and the Credit Agreement, the Credit Agreement shall govern.

 SECTION 2. GRANT 
 To secure the full and timely payment of the Indebtedness and the full and timely performance of the Obligations, Mortgagor MORTGAGES, GRANTS, BARGAINS, ASSIGNS, SELLS and CONVEYS, to Mortgagee (for the
benefit of the Secured Parties) the Mortgaged Property, subject, however, to the Permitted Liens, TO HAVE AND TO HOLD the Mortgaged Property to Mortgagee (for the benefit of the Secured Parties), and Mortgagor does hereby bind itself, its successors
and assigns to WARRANT AND FOREVER DEFEND the title to the Mortgaged Property unto Mortgagee (for the benefit of the Secured Parties), for so long as any of the Indebtedness and/or Obligations remain outstanding. 

SECTION 3. WARRANTIES, REPRESENTATIONS AND COVENANTS 
 3.1. Title. Mortgagor represents and warrants to Mortgagee that except for the Permitted Liens, (a) Mortgagor owns the Mortgaged Property free and clear of any liens, claims or interests, and (b)
this Mortgage creates valid, enforceable first priority liens and security interests against the Mortgaged Property. 
 3.2.
First Lien Status. Mortgagor shall preserve and protect the first lien and security interest status of this Mortgage and the other Credit Documents to the extent related to the Mortgaged Property. If any lien or security interest other than a
Permitted Lien is asserted against the Mortgaged Property, Mortgagor shall promptly, and at its expense, (a) give Mortgagee a detailed written notice of such lien or security interest (including origin, amount and other terms), and (b) pay the
underlying claim in full or take such other action so as to cause it to be released. 
 3.3. Payment and Performance.
Mortgagor shall pay the Indebtedness when due under the Credit Documents and shall perform the Obligations in full when they are required to be performed as required under the Credit Documents. 

3.4. Replacement of Fixtures and Personalty. Mortgagor shall not, without the prior written consent of Mortgagee or as permitted
under the Credit Agreement, permit any of the Fixtures or Personalty to be removed at any time from the Land or Improvements, unless the removed item is removed temporarily for maintenance and repair or, if removed permanently, is obsolete and, if
reasonably required to operate the Mortgagor’s business, is replaced by an article of equal or better suitability and value, owned by Mortgagor subject to the liens and security interests of this Mortgage and the other Credit Documents, and
free and clear of any other lien or security interest except such as may be permitted under the Credit Agreement or first approved in writing by Mortgagee. 

  
 EXHIBIT I-4

 3.5. Inspection. Mortgagor shall permit Mortgagee, and Mortgagee’s agents,
representatives and employees, upon reasonable prior notice to Mortgagor, to inspect the Mortgaged Property and all books and records of Mortgagor located thereon, and to conduct such environmental and engineering studies as Mortgagee may reasonably
require; provided, such inspections and studies shall not materially interfere with the use and operation of the Mortgaged Property. 
 3.6. Covenants Running with the Land. All Obligations contained in this Mortgage are intended by Mortgagor and Mortgagee to be, and shall be construed as, covenants running with the Mortgaged
Property. As used herein, “Mortgagor” shall refer to the party named in the first paragraph of this Mortgage and to any subsequent owner of all or any portion of the Mortgaged Property. All Persons who may have or acquire an interest in
the Mortgaged Property shall be deemed to have notice of, and be bound by, the terms of the Credit Agreement and the other Credit Documents; however, no such party shall be entitled to any rights thereunder without the prior written consent of
Mortgagee. In addition, all of the covenants of Mortgagor in any Credit Document party thereto are incorporated herein by reference and, together with covenants in this Section, shall be covenants running with the land. 

3.7. Condemnation Awards and Insurance Proceeds. Mortgagor assigns all awards and compensation to which it is entitled for any
condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject to the terms of the Credit
Agreement. Mortgagor assigns to Mortgagee all proceeds of any insurance policies insuring against loss or damage to the Mortgaged Property, subject to the terms of the Credit Agreement. Mortgagor authorizes Mortgagee to collect and receive such
proceeds and authorizes and directs the issuer of each of such insurance policies to make payment for all such losses directly to Mortgagee, instead of to Mortgagor and Mortgagee jointly, subject to the terms of the Credit Agreement. 

3.8. Mortgage Tax. Mortgagor shall (i) pay when due any tax imposed upon it or upon Mortgagee or any Lender pursuant to the tax
law of the state in which the Mortgaged Property is located in connection with the execution, delivery and recordation of this Mortgage and any of the other Credit Documents, and (ii) prepare, execute and file any form required to be prepared,
executed and filed in connection therewith. 
 3.9. Reduction of Secured Amount. In the event that the amount secured by
this Mortgage is less than the Indebtedness, then the amount secured shall be reduced only by the last and final sums that Mortgagor or Borrower repays with respect to the Indebtedness and shall not be reduced by any intervening repayments of the
Indebtedness. So long as the balance of the Indebtedness exceeds the amount secured, any payments of the Indebtedness shall not be deemed to be applied against, or to reduce, the portion of the Indebtedness secured by this Mortgage. Such payments
shall instead be deemed to reduce only such portions of the Indebtedness as are secured by other collateral located outside of the state in which the Mortgaged Property is located or as are unsecured. 

  
 EXHIBIT I-5

 SECTION 4. DEFAULT AND FORECLOSURE 

4.1. Remedies. If an Event of Default (as defined in the Credit Agreement) has occurred and is continuing, Mortgagee may, at
Mortgagee’s election, exercise any or all of the following rights, remedies and recourses: (a) declare the Indebtedness to be immediately due and payable, without further notice, presentment, protest, notice of intent to accelerate, notice of
acceleration, demand or action of any nature whatsoever (each of which hereby is expressly waived by Mortgagor), whereupon the same shall become immediately due and payable; (b) enter the Mortgaged Property and take exclusive possession thereof and
of all books, records and accounts relating thereto or located thereon. If Mortgagor remains in possession of the Mortgaged Property after an Event of Default and without Mortgagee’s prior written consent, Mortgagee may invoke any legal
remedies to dispossess Mortgagor; (c) hold, lease, develop, manage, operate or otherwise use the Mortgaged Property upon such terms and conditions as Mortgagee may deem reasonable under the circumstances (making such repairs, alterations, additions
and improvements and taking other actions, from time to time, as Mortgagee deems necessary or desirable), and apply all Rents and other amounts collected by Mortgagee in connection therewith in accordance with the provisions hereof; (d) institute
proceedings for the complete foreclosure of this Mortgage, either by judicial action or by power of sale, in which case the Mortgaged Property may be sold for cash or credit in one or more parcels. With respect to any notices required or permitted
under the UCC, Mortgagor agrees that ten (10) days’ prior written notice shall be deemed commercially reasonable. At any such sale by virtue of any judicial proceedings, power of sale, or any other legal right, remedy or recourse, the title to
and right of possession of any such property shall pass to the purchaser thereof, and to the fullest extent permitted by law, Mortgagor shall be completely and irrevocably divested of all of its right, title, interest, claim, equity, equity of
redemption, and demand whatsoever, either at law or in equity, in and to the property sold and such sale shall be a perpetual bar both at law and in equity against Mortgagor, and against all other Persons claiming or to claim the property sold or
any part thereof, by, through or under Mortgagor. Mortgagee or any of the Lenders may be a purchaser at such sale and if Mortgagee is the highest bidder, Mortgagee shall credit the portion of the purchase price that would be distributed to Mortgagee
against the Indebtedness in lieu of paying cash. In the event this Mortgage is foreclosed by judicial action, appraisement of the Mortgaged Property is waived; (e) make application to a court of competent jurisdiction for, and obtain from such court
as a matter of strict right and without notice to Mortgagor or regard to the adequacy of the Mortgaged Property for the repayment of the Indebtedness, the appointment of a receiver of the Mortgaged Property, and Mortgagor irrevocably consents to
such appointment. Any such receiver shall have all the usual powers and duties of receivers in similar cases, including the full power to rent, maintain and otherwise operate the Mortgaged Property upon such terms as may be approved by the court,
and shall apply such Rents in accordance with the provisions hereof; and/or (f) exercise all other rights, remedies and recourses granted under the Credit Documents or otherwise available at law or in equity. 

4.2. Separate Sales. The Mortgaged Property may be sold in one or more parcels and in such manner and order as Mortgagee in its
sole discretion may elect; the right of sale arising out of any Event of Default shall not be exhausted by any one or more sales. 
 4.3. Remedies Cumulative, Concurrent and Nonexclusive. Mortgagee shall have all rights, remedies and recourses granted in the Credit Documents and available at law or equity (including the UCC),
which rights (a) shall be cumulated and concurrent, (b) may be pursued separately, successively or concurrently against Mortgagor or others obligated under the Credit 

  
 EXHIBIT I-6

 
Documents, or against the Mortgaged Property, or against any one or more of them, at the sole discretion of Mortgagee or the Lenders, (c) may be exercised as often as occasion therefor shall
arise, and the exercise or failure to exercise any of them shall not be construed as a waiver or release thereof or of any other right, remedy or recourse, and (d) are intended to be, and shall be, nonexclusive. No action by Mortgagee or the Lenders
in the enforcement of any rights, remedies or recourses under the Credit Documents or otherwise at law or equity shall be deemed to cure any Event of Default. 
 4.4. Release of and Resort to Collateral. Mortgagee may release, regardless of consideration and without the necessity for any notice to or consent by the holder of any subordinate lien on the
Mortgaged Property, any part of the Mortgaged Property without, as to the remainder, in any way impairing, affecting, subordinating or releasing the lien or security interest created in or evidenced by the Credit Documents or their status as a first
and prior lien and security interest in and to the Mortgaged Property. For payment of the Indebtedness, Mortgagee may resort to any other security in such order and manner as Mortgagee may elect. 

4.5. Waiver of Redemption, Notice and Marshalling of Assets. To the fullest extent permitted by law, Mortgagor hereby irrevocably
and unconditionally waives and releases (a) all benefit that might accrue to Mortgagor by virtue of any present or future statute of limitations or law or judicial decision exempting the Mortgaged Property from attachment, levy or sale on execution
or providing for any stay of execution, exemption from civil process, redemption or extension of time for payment; (b) all notices of any Event of Default or of Mortgagee’s election to exercise or the actual exercise of any right, remedy or
recourse provided for under the Credit Documents; and (c) any right to a marshalling of assets or a sale in inverse order of alienation. 
 4.6. Discontinuance of Proceedings. If Mortgagee or the Lenders shall have proceeded to invoke any right, remedy or recourse permitted under the Credit Documents and shall thereafter elect to
discontinue or abandon it for any reason, Mortgagee or the Lenders shall have the unqualified right to do so and, in such an event, Mortgagor and Mortgagee or the Lenders shall be restored to their former positions with respect to the Indebtedness,
the Obligations, the Credit Documents, the Mortgaged Property and otherwise, and the rights, remedies, recourses and powers of Mortgagee or the Lenders shall continue as if the right, remedy or recourse had never been invoked, but no such
discontinuance or abandonment shall waive any Event of Default which may then exist or the right of Mortgagee or the Lenders thereafter to exercise any right, remedy or recourse under the Credit Documents for such Event of Default. 

4.7. Application of Proceeds. The proceeds of any sale of, and the Rents and other amounts generated by the holding, leasing,
management, operation or other use of the Mortgaged Property, shall be applied by Mortgagee (or the receiver, if one is appointed) in the following order unless otherwise required by applicable law: first, to the payment of the costs and expenses of
taking possession of the Mortgaged Property and of holding, using, leasing, repairing, improving and selling the same, including, without limitation, (a) receiver’s fees and expenses, including the repayment of the amounts evidenced by any
receiver’s certificates, (b) court costs, (c) reasonable attorneys’ and accountants’ fees and expenses, and (d) costs of advertisement; second, to the extent of any excess of such proceeds, to the payment of all other

  
 EXHIBIT I-7

 
Indebtedness and/or Obligations for the benefit of the Secured Parties; and third, to the extent of any excess of such proceeds, to the payment to or upon the order of Mortgagor or to whomsoever
may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct. 
 4.8. Occupancy After
Foreclosure. Any sale of the Mortgaged Property or any part thereof will divest all right, title and interest of Mortgagor in and to the property sold. Subject to applicable law, any purchaser at a foreclosure sale will receive immediate
possession of the property purchased. If Mortgagor retains possession of such property or any part thereof subsequent to such sale, Mortgagor will be considered a tenant at sufferance of the purchaser, and will, if Mortgagor remains in possession
after demand to remove, be subject to eviction and removal, forcible or otherwise, with or without process of law. 
 4.9.
Additional Advances and Disbursements; Costs of Enforcement. If any Event of Default exists, Mortgagee and each of the Lenders shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of Mortgagor in
accordance with the Credit Agreement. All sums advanced and expenses incurred at any time by Mortgagee or any Lender under this Section, or otherwise under this Mortgage or any of the other Credit Documents or applicable law, shall bear interest
from the date that such sum is advanced or expense incurred if not repaid within five (5) days after demand therefor, to and including the date of reimbursement, computed at the rate or rates at which interest is then computed on the Indebtedness,
and all such sums, together with interest thereon, shall be secured by this Mortgage. Mortgagor shall pay all expenses (including reasonable attorneys’ fees and expenses) of or incidental to the perfection and enforcement of this Mortgage and
the other Credit Documents, or the enforcement, compromise or settlement of the Indebtedness or any claim under this Mortgage and the other Credit Documents, and for the curing thereof, or for defending or asserting the rights and claims of
Mortgagee or the Lenders in respect thereof, by litigation or otherwise. 
 4.10. No Mortgagee in Possession. Neither the
enforcement of any of the remedies under this Section, the assignment of the Rents and Leases under Section 5, the security interests under Section 6, nor any other remedies afforded to Mortgagee or the Lenders under the Credit Documents, at law or
in equity shall cause Mortgagee or any Lender to be deemed or construed to be a mortgagee in possession of the Mortgaged Property, to obligate Mortgagee or any Lender to lease the Mortgaged Property or attempt to do so, or to take any action, incur
any expense, or perform or discharge any obligation, duty or liability whatsoever under any of the Leases or otherwise. 
 SECTION 5.
ASSIGNMENT OF RENTS AND LEASES 
 5.1. Assignment. In furtherance of and in addition to the assignment made by
Mortgagor herein, Mortgagor hereby absolutely and unconditionally assigns, sells, transfers and conveys to Mortgagee all of its right, title and interest in and to all Leases, whether now existing or hereafter entered into, and all of its right,
title and interest in and to all Rents. This assignment is an absolute assignment and not an assignment for additional security only. So long as no Event of Default shall have occurred and be continuing, Mortgagor shall have a revocable license from
Mortgagee to exercise all rights extended to the landlord under the Leases, including the right to receive and collect all Rents and to hold the Rents in trust for use in the 

  
 EXHIBIT I-8

 
payment and performance of the Obligations and to otherwise use the same. The foregoing license is granted subject to the conditional limitation that no Event of Default shall have occurred and
be continuing. Upon the occurrence and during the continuance of an Event of Default, whether or not legal proceedings have commenced, and without regard to waste, adequacy of security for the Indebtedness and Obligations or solvency of Mortgagor,
the license herein granted shall automatically expire and terminate, without notice by Mortgagee (any such notice being hereby expressly waived by Mortgagor). 
 5.2. Perfection Upon Recordation. Mortgagor acknowledges that Mortgagee has taken all reasonable actions necessary to obtain, and that upon recordation of this Mortgage Mortgagee shall have, to the
extent permitted under applicable law, a valid and fully perfected, first priority, present assignment of the Rents arising out of the Leases and all security for such Leases subject to the Permitted Liens and in the case of security deposits,
rights of depositors and requirements of law. Mortgagor acknowledges and agrees that upon recordation of this Mortgage, Mortgagee’s interest in the Rents shall be deemed to be fully perfected, “choate” and enforced as to Mortgagor and
all third parties, including, without limitation, any subsequently appointed trustee in any case under Title 11 of the United States Code (the “Bankruptcy Code”), without the necessity of commencing a foreclosure action with
respect to this Mortgage, making formal demand for the Rents, obtaining the appointment of a receiver or taking any other affirmative action. 
 5.3. Bankruptcy Provisions. Without limitation of the absolute nature of the assignment of the Rents hereunder, Mortgagor and Mortgagee agree that (a) this Mortgage shall constitute a
“security agreement” for purposes of Section 552(b) of the Bankruptcy Code, (b) the security interest created by this Mortgage extends to property of Mortgagor acquired before the commencement of a case in bankruptcy and to all amounts
paid as Rents, and (c) such security interest shall extend to all Rents acquired by the estate after the commencement of any case in bankruptcy. 
 SECTION 6. SECURITY AGREEMENT 
 6.1. Security Interest. This Mortgage
constitutes a “security agreement” on personal property within the meaning of the UCC and other applicable law and with respect to the Personalty, Fixtures, Leases, Rents, Deposit Accounts, Property Agreements, Tax Refunds, Proceeds,
Insurance and Condemnation Awards. To this end, Mortgagor grants to Mortgagee a first and prior security interest in the Personalty, Fixtures, Leases, Rents, Deposit Accounts, Property Agreements, Tax Refunds, Proceeds, Insurance, Condemnation
Awards and all other Mortgaged Property which is personal property to secure the payment of the Indebtedness and performance of the Obligations subject to the Permitted Liens, and agrees that Mortgagee shall have all the rights and remedies of a
secured party under the UCC with respect to such property. Any notice of sale, disposition or other intended action by Mortgagee with respect to the Personalty, Fixtures, Leases, Rents, Deposit Accounts, Property Agreements, Tax Refunds, Proceeds,
Insurance and Condemnation Awards sent to Mortgagor at least ten (10) days prior to any action under the UCC shall constitute reasonable notice to Mortgagor. 

  
 EXHIBIT I-9

 6.2. Financing Statements. Mortgagor shall authorize and deliver to Mortgagee, in
form and substance satisfactory to Mortgagee, such financing statements and such further assurances as Mortgagee may, from time to time, reasonably consider necessary to create, perfect and preserve Mortgagee’s security interest hereunder and
Mortgagee may cause such statements and assurances to be recorded and filed, at such times and places as may be required or permitted by law to so create, perfect and preserve such security interest. Mortgagor’s chief executive office is at the
address set forth on Appendix B to the Credit Agreement. 
 6.3. Fixture Filing. This Mortgage shall also constitute a
“fixture filing” for the purposes of the UCC against all of the Mortgaged Property which is or is to become fixtures, and all products and proceeds thereof. Information concerning the security interest herein granted may be obtained at the
addresses of Debtor (Mortgagor) and Secured Party (Mortgagee) as set forth in the first paragraph of this Mortgage. 
 SECTION 7. ATTORNEY IN
FACT 
 Mortgagor hereby irrevocably appoints Mortgagee and its successors and assigns as its attorney in fact, which agency
is coupled with an interest and with full power of substitution, (a) to execute and/or record any notices of completion, cessation of labor or any other notices that Mortgagee deems appropriate to protect Mortgagee’s interest, if Mortgagor
shall fail to do so within ten (10) days after written request by Mortgagee, (b) upon the issuance of a deed pursuant to the foreclosure of this Mortgage or the delivery of a deed in lieu of foreclosure, to execute all instruments of assignment,
conveyance or further assurance with respect to the Leases, Rents, Deposit Accounts, Fixtures, Personalty, Property Agreements, Tax Refunds, Proceeds, Insurance and Condemnation Awards in favor of the grantee of any such deed and as may be necessary
or desirable for such purpose, (c) to prepare, execute and file or record financing statements, continuation statements, applications for registration and like papers necessary to create, perfect or preserve Mortgagee’s security interests and
rights in or to any of the Mortgaged Property, and (d) while any Event of Default exists, to perform any obligation of Mortgagor hereunder; provided, (i) Mortgagee shall not under any circumstances be obligated to perform any obligation of
Mortgagor; (ii) any sums advanced by Mortgagee in such performance shall be added to and included in the Indebtedness and shall bear interest at the rate or rates at which interest is then computed on the Indebtedness provided that from the date
incurred said advance is not repaid within five (5) days demand therefor; (iii) Mortgagee as such attorney in fact shall only be accountable for such funds as are actually received by Mortgagee; and (iv) Mortgagee shall not be liable to Mortgagor or
any other person or entity for any failure to take any action which it is empowered to take under this Section. 
 SECTION 8. MORTGAGEE AS
AGENT 
 Mortgagee has been appointed to act as Mortgagee hereunder by Lenders and, by their acceptance of the benefits
hereof, Lender Counterparties. Mortgagee shall be obligated, and shall have the right hereunder, to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking any action (including the
release or substitution of Mortgaged Property), solely in accordance with this Mortgage and the Credit Agreement; provided, Mortgagee shall exercise, or refrain from exercising, any remedies provided for herein in accordance with the instructions of
(a) Requisite Lenders, or (b) after payment in full of all Indebtedness and Obligations under the Credit Agreement and the other Credit Documents, the holders of a majority of the aggregate notional amount (or, with respect to

  
 EXHIBIT I-10

 
any Hedge Agreement or Cash Management Agreement that has been terminated in accordance with its terms, the amount then due and payable (exclusive of expenses and similar payments but including
any early termination payments then due) under such Hedge Agreement or Cash Management Agreement, as applicable) under all Hedge Agreements and Cash Management Agreements. In furtherance of the foregoing provisions of this Section, each Lender
Counterparty, by its acceptance of the benefits hereof, agrees that it shall have no right individually to realize upon any of the Mortgaged Property, it being understood and agreed by such Lender Counterparty that all rights and remedies hereunder
may be exercised solely by Mortgagee for the benefit of Lenders and Lender Counterparties in accordance with the terms of this Section. Mortgagee shall at all times be the same Person that is Collateral Agent under the Credit Agreement. Written
notice of resignation by Collateral Agent pursuant to terms of the Credit Agreement shall also constitute notice of resignation as Mortgagee under this Mortgage; removal of Collateral Agent pursuant to the terms of the Credit Agreement shall also
constitute removal as Mortgagee under this Mortgage; and appointment of a successor Collateral Agent pursuant to the terms of the Credit Agreement shall also constitute appointment of a successor Mortgagee under this Mortgage. Upon the acceptance of
any appointment as Collateral Agent under the terms of the Credit Agreement by a successor Collateral Agent, that successor Collateral Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the
retiring or removed Mortgagee under this Mortgage, and the retiring or removed Mortgagee under this Mortgage shall promptly (i) transfer to such successor Mortgagee all sums, securities and other items of Mortgaged Property held hereunder, together
with all records and other documents necessary or appropriate in connection with the performance of the duties of the successor Mortgagee under this Mortgage, and (ii) execute and deliver to such successor Mortgagee such amendments to financing
statements, and take such other actions, as may be necessary or appropriate in connection with the assignment to such successor Mortgagee of the security interests created hereunder, whereupon such retiring or removed Mortgagee shall be discharged
from its duties and obligations under this Mortgage thereafter accruing. After any retiring or removed Collateral Agent’s resignation or removal hereunder as Mortgagee, the provisions of this Mortgage shall continue to inure to its benefit as
to any actions taken or omitted to be taken by it under this Mortgage while it was Mortgagee hereunder. 
 SECTION 9. LOCAL LAW PROVISIONS

 [to be provided, if any, by local counsel] 
 SECTION 10. MISCELLANEOUS 
 Any notice required or permitted to be given
under this Mortgage shall be given in accordance with Section 10.1 of the Credit Agreement. No failure or delay on the part of Mortgagee or any Lender in the exercise of any power, right or privilege hereunder or under any other Credit Document
shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any
other power, right or privilege. All rights and remedies existing under this Mortgage and the other Credit Documents are cumulative to, and not exclusive of, any rights or remedies otherwise available. In case any provision in or obligation under
this Mortgage shall be invalid, illegal or unenforceable in any 

  
 EXHIBIT I-11

 
jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected
or impaired thereby. All covenants hereunder shall be given independent effect so that if a particular action or condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or would otherwise be
within the limitations of, another covenant shall not avoid the occurrence of a Default or an Event of Default if such action is taken or condition exists. This Mortgage shall be binding upon and inure to the benefit of Mortgagee and Mortgagor and
their respective successors and assigns. Except as permitted in the Credit Agreement, Mortgagor shall not, without the prior written consent of Mortgagee, assign any rights, duties or obligations hereunder. Upon payment in full of the Indebtedness
and performance in full of the Obligations, or upon prepayment of a portion of the Indebtedness equal to the Net Asset Sale Proceeds for the Mortgaged Property in connection with a permitted Asset Sale, subject to and in accordance with the terms
and provisions of the Credit Agreement, Mortgagee, at Mortgagor’s expense, shall release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property to Mortgagor or, at the request of Mortgagor, assign this
Mortgage without recourse. This Mortgage and the other Credit Documents embody the entire agreement and understanding between Mortgagee and Mortgagor and supersede all prior agreements and understandings between such parties relating to the subject
matter hereof and thereof. Accordingly, the Credit Documents may not be contradicted by evidence of prior, contemporaneous or subsequent oral agreements of the parties. There are no unwritten oral agreements between the parties. 

THE PROVISIONS OF THIS MORTGAGE REGARDING THE CREATION, PERFECTION AND ENFORCEMENT OF THE LIENS AND SECURITY INTERESTS HEREIN GRANTED
SHALL BE GOVERNED BY AND CONSTRUED UNDER THE LAWS OF THE STATE IN WHICH THE MORTGAGED PROPERTY IS LOCATED. ALL OTHER PROVISIONS OF THIS MORTGAGE AND THE RIGHTS AND OBLIGATIONS OF MORTGAGOR AND MORTGAGEE SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED
AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. 

[Remainder of page intentionally left blank] 

  
 EXHIBIT I-12

 IN WITNESS WHEREOF, Mortgagor has on the date set forth in the acknowledgment hereto,
effective as of the date first above written, caused this instrument to be duly executed and delivered by authority duly given. 
  

			
	[NAME OF MORTGAGOR]
		
	By:	 	 
	Name:	 	 
	Title:	 	 

 [LOCAL COUNSEL TO PROVIDE APPROPRIATE NOTARY BLOCK] 

[Signature Page to [            ] County, [    ]
[Mortgage][Deed of Trust]] 

  
 EXHIBIT I-1

 EXHIBIT A TO 
 MORTGAGE 
 Legal Description of Premises: 

  
 EXHIBIT I-2

  

 
 INTERCREDITOR AGREEMENT

 dated as of December 21, 2012 
 by and between 
 JPMORGAN CHASE BANK, N.A., 

as Revolving Loan Agent, 
 and 
 BARCLAYS BANK PLC, 

as Term Loan Agent 
  

 
  

 TABLE OF CONTENTS 

 

					
	Section	  	Page	 
	 Section 1. Definitions; Interpretation
	  	 	2	  
	 1.1 Definitions
	  	 	2	  
	 1.2 Terms Generally
	  	 	9	  
	 Section 2. Lien Priorities
	  	 	10	  
	 2.1 Acknowledgment of Liens
	  	 	10	  
	 2.2 Relative Priorities
	  	 	10	  
	 2.3 Prohibition on Contesting Liens
	  	 	11	  
	 2.4 Similar Liens and Agreements Regarding Shared Collateral
	  	 	11	  
	 2.5 Affiliate Obligations
	  	 	12	  
	 Section 3. Enforcement
	  	 	12	  
	 3.1 Exercise of Rights and Remedies
	  	 	12	  
	 3.2 Release of Second Priority Liens
	  	 	20	  
	 3.3 Insurance and Condemnation Awards
	  	 	22	  
	 Section 4. Payments
	  	 	23	  
	 4.1 Application of Proceeds
	  	 	23	  
	 4.2 Payments Over
	  	 	24	  
	 Section 5. Bailee for Perfection
	  	 	26	  
	 5.1 Each Agent as Bailee
	  	 	26	  
	 5.2 Transfer of Pledged Collateral
	  	 	27	  
	 Section 6. Insolvency Proceedings
	  	 	28	  
	 6.1 General Applicability
	  	 	28	  
	 6.2 Use of Cash Collateral; Bankruptcy Financing
	  	 	28	  
	 6.3 Relief from the Automatic Stay
	  	 	31	  
	 6.4 Adequate Protection
	  	 	32	  
	 6.5 Reorganization Securities
	  	 	36	  
	 6.6 Separate Grants of Security and Separate Classes
	  	 	36	  
	 6.7 Asset Dispositions
	  	 	37	  
	 6.8 Certain Waivers as to Section 1111(b)(2) of Bankruptcy Code
	  	 	38	  
	 6.9 Avoidance Issues
	  	 	38	  
	 6.10 Other Bankruptcy Laws
	  	 	38	  
	 Section 7. Term Loan Lenders’ Purchase Option
	  	 	38	  
	 7.1 Exercise of Option
	  	 	38	  
	 7.2 Pro Rata Offer
	  	 	39	  
	 7.3 Purchase and Sale
	  	 	39	  
	 7.4 Payment of Purchase Price
	  	 	40	  
	 7.5 Representations Upon Purchase and Sale
	  	 	40	  
	 7.6 Notice from Revolving Loan Agent Prior to Enforcement Action
	  	 	41	  
	 Section 8. Revolving Loan Lenders’ Purchase Option
	  	 	41	  
	 8.1 Exercise of Option
	  	 	41	  
	 8.2 Pro Rata Offer
	  	 	41	  
	 8.3 Purchase and Sale
	  	 	42	  

  
 i 

					
	 8.4 Payment of Purchase Price
	  	 	42	  
	 8.5 Representations Upon Purchase and Sale
	  	 	43	  
	 8.6 Notice from Revolving Loan Agent Prior to Enforcement Action
	  	 	43	  
	 Section 9. Access and Use of Term Loan Priority Collateral
	  	 	44	  
	 9.1 Access and Use Rights of Revolving Loan Agent
	  	 	44	  
	 9.2 Responsibilities of Revolving Loan Secured Parties
	  	 	44	  
	 9.3 Intellectual Property
	  	 	45	  
	 Section 10. Reliance; Waivers; Etc.
	  	 	45	  
	 10.1 Reliance
	  	 	45	  
	 10.2 No Warranties or Liability
	  	 	45	  
	 10.3 No Waiver of Lien Priorities
	  	 	46	  
	 10.4 Amendments to Revolving Loan Documents
	  	 	47	  
	 10.5 Amendments to Term Loan Documents
	  	 	48	  
	 Section 11. Miscellaneous
	  	 	49	  
	 11.1 Conflicts
	  	 	49	  
	 11.2 Continuing Nature of this Agreement; Severability
	  	 	49	  
	 11.3 Refinancing
	  	 	49	  
	 11.4 Amendments; Waivers
	  	 	50	  
	 11.5 Subrogation
	  	 	51	  
	 11.6 CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL; OTHER WAIVERS
	  	 	51	  
	 11.7 Notices
	  	 	51	  
	 11.8 Further Assurances
	  	 	53	  
	 11.9 Governing Law
	  	 	53	  
	 11.10 Binding on Successors and Assigns
	  	 	53	  
	 11.11 Specific Performance
	  	 	53	  
	 11.12 Section Titles; Time Periods
	  	 	53	  
	 11.13 Counterparts
	  	 	53	  
	 11.14 Authorization
	  	 	54	  
	 11.15 No Third Party Beneficiaries
	  	 	54	  
	 11.16 Additional Grantors
	  	 	54	  
		
	 Annex A Revolving Loan Priority Collateral
	  			
	 Annex B Form of Grantor Joinder
	  			

  
 ii 

 INTERCREDITOR AGREEMENT 

This INTERCREDITOR AGREEMENT, dated as of December 21, 2012 is entered into by and between JPMorgan Chase Bank, N.A., in its
capacity as Revolving Loan Agent (as hereinafter defined), and Barclays Bank PLC (“Barclays”), in its capacity as Term Loan Agent (as hereinafter defined). 
 W I T N E S S E T H: 
 WHEREAS, pursuant to that certain Credit Agreement,
dated as of the date hereof, by and among NewPage Corporation, a Delaware corporation (“NewPageCo”), NewPage Investment Company LLC, a Delaware limited liability company (“Holdings”), certain of NewPageCo’s
subsidiaries, the Revolving Loan Lenders (as hereinafter defined) party thereto and the Revolving Loan Agent (as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, exchanged, refinanced, restated,
restructured or replaced (in whole or in part and including any agreements with, to or in favor of any other agent, lender or group of lenders that at any time refinances, replaces or succeeds to all or any portion of the Revolving Loan Debt (as
hereinafter defined) or that adds any new or additional Subsidiaries or Affiliates of a Grantor, and whether or not increasing the amount of indebtedness that can be incurred thereunder), in each case, in accordance with the terms of this Agreement,
the “Revolving Loan Agreement”), the Revolving Loan Lenders have agreed to make certain loans and other financial accommodations to or for the benefit of NewPageCo, subject to the terms and conditions set forth therein; 

WHEREAS, pursuant to that certain Credit and Guaranty Agreement, dated as of the date hereof, by and among, NewPageCo, Holdings, certain
of NewPageCo’s subsidiaries, the Term Loan Lenders (as hereinafter defined) party thereto, the Term Loan Agent and the other agents party thereto (as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed,
exchanged, refinanced, restated, restructured or replaced (in whole or in part and including any agreements with, to or in favor of any other agent, lender or group of lenders that at any time refinances, replaces or succeeds to all or any portion
of the Term Loan Debt (as hereinafter defined) or that adds any new or additional Subsidiaries or Affiliates of a Grantor, and whether or not increasing the amount of indebtedness that can be incurred thereunder), in each case, in accordance with
the terms of this Agreement, the “Term Loan Agreement”), the Term Loan Lenders have agreed to make certain loans to NewPageCo, subject to the terms and conditions set forth therein; 

WHEREAS, each of the Revolving Loan Agent, for itself and on behalf of the other Revolving Loan Secured Parties, and Term Loan Agent, for
itself and on behalf of the other Term Loan Secured Parties, and, by their acknowledgment hereof, the Grantors, desire to (i) agree to the relative priority of the security interests of Revolving Loan Agent and Term Loan Agent in the Shared
Collateral (as hereinafter defined), (ii) provide for the orderly sharing among the Revolving Loan Secured Parties and the Term Loan Secured Parties, in accordance with such priorities, of proceeds of such Shared Collateral upon any foreclosure
thereon or other disposition thereof and (iii) address related matters. 

 NOW, THEREFORE, in consideration of the foregoing, the mutual covenants and obligations
herein set forth and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 

Section 1. Definitions; Interpretation 
 1.1 Definitions. As used in this Agreement, including in the preamble and recitals hereto and the annexes hereto, the following terms have the meanings specified below: 

“Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or
more intermediaries, controls or is controlled by or is under common control with the Person specified. For purposes of this definition, a Person shall be deemed to “control” or be “controlled by” a Person if such Person
possesses, directly or indirectly, power to direct or cause the direction of the management or policies of such Person whether through ownership of equity interests, by contract or otherwise. 

“Affiliate Obligations” shall mean all Revolving Loan Bank Product Obligations and all Term Loan Bank Product
Obligations of the Grantors. 
 “Agents” shall mean, collectively, Revolving Loan Agent and Term Loan Agent,
and “Agent” shall mean each of them. 
 “Agreement” shall mean this Intercreditor Agreement,
as the same now exists or may hereafter be amended, amended and restated, modified, supplemented, extended, renewed, restated or replaced from time to time in accordance with the terms hereof. 

“Bankruptcy Code” shall mean the United States Bankruptcy Code, being Title 11 of the United States Code, as the same
now exists or may from time to time hereafter be amended, modified, recodified or supplemented. 
 “Bankruptcy
Law” shall mean the Bankruptcy Code and any similar Federal, state or foreign law for the relief of debtors. 

“Barclays” shall have the meaning set forth in the recitals hereto. 

“Business Day” shall mean any day other than a Saturday, a Sunday or a day that is a legal holiday under the laws of the
State of New York or on which banking institutions in the State of New York are required or authorized by law or other governmental action to close. 
 “Cash Management Obligations” shall mean with respect to any Person, the obligations of such Person in connection with all: (a) credit cards, debit cards or stored value cards or the
processing of payments and other administrative services with respect to credit cards, debit cards or stored value cards and/or (b) cash management or related services, including (i) the automated clearinghouse transfer of funds for the
account of such Person pursuant to agreement or overdraft for any accounts of such Person, or (ii) controlled disbursement services, and without limiting the foregoing, shall include obligations of the type described in the definitions of
“Cash Management Obligations” in the Term Loan Agreement as in effect on the date hereof and “Banking Services Obligations” in the Revolving Loan Agreement as in effect on the date hereof. 

  
 2 

 “Collateral” shall mean all of the property and interests in property, real
or personal, tangible or intangible, now owned or hereafter acquired by any Grantor in or upon which any Revolving Loan Secured Party or Term Loan Secured Party at any time has or purports to have a Lien, and including, without limitation, all
Proceeds of such property and interests in property. 
 “Discharge of Revolving Loan Debt” shall mean, subject
to Sections 6.9 and 11.3 hereof: 
 (a) the payment in full in cash of the principal and interest (including any
interest which would accrue and become due but for the commencement of an Insolvency Proceeding, whether or not such amounts are allowed or allowable in whole or in part in such Insolvency Proceeding) constituting Revolving Loan Debt; 

(b) the payment in full in cash of all other Revolving Loan Debt that is due and payable or otherwise accrued and owing at or prior to the
time such principal and interest are paid (including any such amounts which would accrue and become due but for the commencement of an Insolvency Proceeding, whether or not such amounts are allowed or allowable in whole or in part in such Insolvency
Proceeding), other than indemnification obligations for which no claim or demand for payment, whether oral or written, has been made at such time; 
 (c) (i) the delivery to Revolving Loan Agent of cash collateral, or at Revolving Loan Agent’s option, the delivery to Revolving Loan Agent of a letter of credit issued by a bank acceptable to
Revolving Loan Agent and in form and substance satisfactory to Revolving Loan Agent, in either case in respect of letters of credit, banker’s acceptances or similar instruments issued under the Revolving Loan Documents (in an amount equal to
one hundred five (105%) percent of the amount of such letters of credit, banker’s acceptance or similar instruments), Revolving Loan Bank Product Obligations (or, at the option of the Revolving Loan Secured Party with respect to such
Revolving Loan Bank Product Obligations, the termination of the applicable Revolving Loan Bank Product Obligations and the payment in full in cash of Revolving Loan Debt due and payable in connection with such termination), and (ii) the
delivery to Revolving Loan Agent of cash collateral, or at Revolving Loan Agent’s option, the delivery to Revolving Loan Agent of a letter of credit issued by a bank acceptable to Revolving Loan Agent and in form and substance satisfactory to
Revolving Loan Agent, in either case in respect of continuing obligations of Revolving Loan Agent and Revolving Loan Lenders under control agreements and other contingent Revolving Loan Debt for which a claim or demand for payment has been made at
such time or in respect of matters or circumstances known to a Revolving Loan Secured Party at the time which are reasonably expected to result in any loss, cost, damage or expense (including attorneys’ fees and legal expenses) to any Revolving
Loan Secured Party for which such Revolving Loan Secured Party is entitled to indemnification by any Grantor; and 
 (d) the
termination of the commitments of the Revolving Loan Lenders and the financing arrangements provided by Revolving Loan Agent and the Revolving Loan Lenders to Grantors under the Revolving Loan Documents. 

  
 3 

 “Discharge of Term Loan Debt” shall mean, subject to Sections 6.9
and 11.3 hereof: 
 (a) the payment in full in cash of the principal and interest (including any interest which would
accrue and become due but for the commencement of an Insolvency Proceeding, whether or not such amounts are allowed or allowable in whole or in part in such Insolvency Proceeding) constituting Term Loan Debt; 

(b) the payment in full in cash of all other Term Loan Debt that is due and payable or otherwise accrued and owing at or prior to the time
such principal and interest are paid (including any such amounts which would accrue and become due but for the commencement of an Insolvency Proceeding, whether or not such amounts are allowed or allowable in whole or in part in such case), other
than indemnification obligations for which no claim or demand for payment, whether oral or written, has been made at such time; and 
 (c) the delivery to Term Loan Agent of cash collateral in respect of Term Loan Bank Product Obligations (or, at the option of the Term Loan Secured Party with respect to such Term Loan Bank Product
Obligations, the termination of the applicable Term Loan Bank Product Obligations and the payment in full in cash of Term Loan Debt due and payable in connection with such termination), continuing obligations of Term Loan Agent and Term Loan Lenders
under control agreements and other contingent Term Loan Debt for which a claim or demand for payment has been made at such time or in respect of matters or circumstances known to a Term Loan Secured Party at the time which are reasonably expected to
result in any loss, cost, damage or expense (including attorneys’ fees and legal expenses) to any Term Loan Secured Party for which such Term Loan Secured Party is entitled to indemnification by any Grantor. 

“Disposition” shall mean any sale, lease, license, assignment, exchange, transfer or other disposition and including any
casualty or condemnation. 
 “Exigent Circumstance” shall mean an event or circumstance that materially and
imminently threatens the ability of Revolving Loan Agent to realize upon all or a material portion of the Revolving Loan Priority Collateral or the ability of Term Loan Agent to realize upon all or a material portion of the Term Loan Priority
Collateral, as the case may be, such as, without limitation, fraudulent removal, concealment, destruction (other than to the extent covered by insurance), material waste or abscondment thereof. 

“Grantors” shall mean, collectively, NewPageCo, Holdings, Guarantors and each Subsidiary of any of the foregoing that
shall have granted a Lien on any of its assets to secure any Revolving Loan Debt or Term Loan Debt, together with their respective successors and assigns; sometimes being referred to herein individually as a “Grantor”. 

“Guarantors” shall mean, collectively, (a) Holdings, (b) any other Person (other than NewPageCo) that as of
the date hereof is, or at any time hereafter becomes, a party to a guarantee in favor of Revolving Loan Agent or the Revolving Loan Secured Parties in respect of any of the Revolving Loan Debt or in favor of Term Loan Agent or the Term Loan Secured
Parties in respect of any of the Term Loan Debt, and (c) their respective successors and assigns, and “Guarantor” shall mean each of them. 

  
 4 

 “Hedging Obligations” shall mean (a) with respect to any Person, the
obligations under hedge agreements of such Person of the type described in the definition of “Hedge Agreement” in the Term Loan Agreement as in effect on the date hereof and (b) obligations of the type described in the definition of
“Designated Hedge Obligations” in the Revolving Loan Agreement as in effect on the date hereof. 

“Holdings” has the meaning given in the recitals hereto. 

“Insolvency Proceeding” shall mean (a) any voluntary or involuntary case or proceeding under any Bankruptcy Law
with respect to any Grantor, (b) any other voluntary or involuntary insolvency, reorganization or bankruptcy case or proceeding, or any receivership, liquidation, reorganization or other similar case or proceeding with respect to any Grantor or
with respect to any of their respective assets, (c) any proceeding seeking the appointment of any trustee, receiver, liquidator, custodian or other insolvency official with similar powers with respect to such Person or any or all of its assets
or properties, (d) any liquidation, dissolution, reorganization or winding up of any Grantor whether voluntary or involuntary and whether or not involving insolvency or bankruptcy or (e) any assignment for the benefit of creditors or any
other marshalling of assets and liabilities of any Grantor. 
 “Junior Agent” shall have the meaning set forth
in Section 3.2(a) hereof. 
 “Lien” shall mean any mortgage, deed of trust, pledge, hypothecation,
assignment, deposit arrangement, lien (statutory or other), security interest, encumbrance (including, but not limited to, easements, rights of way and the like), security agreement or transfer intended as security, including without limitation, any
conditional sale or other title retention agreement, the interest of a lessor under a capital lease or any financing lease having substantially the same economic effect as any of the foregoing. 

“NewPageCo” shall have the meaning set forth in the recitals hereto. 

“Person” or “person” shall mean any individual, sole proprietorship, partnership, corporation
(including, without limitation, any corporation which elects subchapter S status under the Internal Revenue Code of 1986, as amended), limited liability company, limited liability partnership, business trust, unincorporated association, joint stock
company, trust, joint venture, or other entity or any government or any agency or instrumentality or political subdivision thereof. 
 “Pledged Collateral” shall have the meaning set forth in Section 5.1 hereof. 
 “Proceeds” or “proceeds” shall mean all “proceeds” as defined in Article 9 of the UCC, and in any event, shall include, without limitation whatever is
receivable or received when Collateral or proceeds are sold, exchanged, collected or otherwise disposed of, whether such disposition is voluntary or involuntary. 
 “Purchasing Revolving Loan Secured Parties” shall have the meaning set forth in Section 8.1 hereof. 

  
 5 

 “Purchasing Term Loan Secured Parties” shall have the meaning set forth in
Section 7.1 hereof. 
 “Refinance” or “refinance” shall mean, in respect of any of
indebtedness, to refinance, replace, refund or repay, or to issue other indebtedness or enter into alternative financing arrangements, in exchange or replacement for, such indebtedness in whole or in part, including by adding or replacing lenders,
creditors, agents, borrowers and/or guarantors, and including in each case, but not limited to, after the original instrument giving rise to such indebtedness has been terminated, in each case, excluding “Refinancing Indebtedness” (as
defined in the Term Loan Agreement on the Closing Date). “Refinanced”, “refinanced”, “Refinancing” and “refinancing” shall have correlative meanings. 

“Revolving Loan Agent” shall mean JPMorgan Chase Bank, N.A., and its successors and assigns in its capacity as
administrative agent pursuant to the Revolving Loan Documents acting for and on behalf of the other Revolving Loan Secured Parties or any other person appointed as agent under any replacement or refinancing arrangement with respect to the Revolving
Loan Agreement. 
 “Revolving Loan Agreement” shall have the meaning set forth in the recitals hereto.

 “Revolving Loan Bank Product Obligations” shall mean Revolving Loan Cash Management Obligations and
Revolving Loan Hedging Obligations. 
 “Revolving Loan Cash Collateral” shall have the meaning set forth in
Section 6.2 hereof. 
 “Revolving Loan Cash Management Obligations” shall mean all Cash Management
Obligations (other than any Term Loan Cash Management Obligations) that are secured under the Revolving Loan Documents. 

“Revolving Loan Debt” shall mean all “Obligations” and “Secured Obligations” as such terms are
defined in the Revolving Loan Agreement, including, without limitation, obligations, liabilities and indebtedness of every kind, nature and description owing by any Grantor to any Revolving Loan Secured Party, including principal, interest, charges,
fees, premiums, indemnities and expenses, however evidenced, whether as principal, surety, endorser, guarantor or otherwise, arising under any of the Revolving Loan Documents and Revolving Loan Bank Product Obligations, whether now existing or
hereafter arising, whether arising before, during or after the initial or any renewal term of the Revolving Loan Documents or after the commencement of any case with respect to any Grantor under the Bankruptcy Code or any other Bankruptcy Law or the
commencement of any other Insolvency Proceeding (and including, without limitation, any principal, interest, fees, costs, expenses and other amounts which would accrue and become due but for the commencement of such case, whether or not such amounts
are allowed or allowable in whole or in part in such case or similar proceeding), whether direct or indirect, absolute or contingent, joint or several, due or not due, primary or secondary, liquidated or unliquidated, secured or unsecured.

 “Revolving Loan DIP Financing” shall have the meaning set forth in Section 6.2 hereof.

  
 6 

 “Revolving Loan Documents” shall mean, collectively, the Revolving Loan
Agreement and all agreements, documents and instruments at any time executed and/or delivered by any Grantor or any other person to, with or in favor of any Revolving Loan Secured Party in connection therewith or related thereto, as all of the
foregoing now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated, refinanced, replaced, exchanged or restructured (in whole or in part and including any agreements with, to or in favor of any other agent, lender
or group of lenders that at any time refinances, replaces or succeeds to all or any portion of the Revolving Loan Debt or which add any new or additional Subsidiaries or Affiliates of a Grantor, and whether or not increasing the amount of
indebtedness that can be incurred thereunder), in each case, in accordance with the terms of this Agreement. 

“Revolving Loan Event of Default” shall mean any “Event of Default” as defined in the Revolving Loan
Agreement. 
 “Revolving Loan Hedging Obligations” shall mean Hedging Obligations (other than any Term Loan
Hedging Obligations) that are secured under the Revolving Loan Documents. 
 “Revolving Loan Lenders” shall
mean, collectively, any person party to the Revolving Loan Documents as lender (and including any other lender or group of lenders that at any time refinances, replaces or succeeds to all or any portion of the Revolving Loan Debt or is otherwise
party to the Revolving Loan Documents as a lender), and “Revolving Loan Lender” shall mean each of them. 

“Revolving Loan Priority Collateral” shall mean all Collateral described on Annex A annexed hereto. 

“Revolving Loan Purchase Event” shall have the meaning set forth in Section 8.1 hereof. 

“Revolving Loan Recovery” shall have the meaning set forth in Section 6.9 hereof. 

“Revolving Loan Secured Parties” shall mean the “Secured Parties” as such defined term is defined in the
Revolving Loan Agreement as in effect on the date hereof, and “Revolving Loan Secured Party” shall mean each of them. 
 “Revolving Loan Standstill Period” shall have the meaning set forth in Section 3.1(b)(i) hereof. 
 “Secured Parties” shall mean, collectively, the Revolving Loan Secured Parties and the Term Loan Secured Parties, and “Secured Party” shall mean each of them. 

“Senior Agent” shall have the meaning set forth in Section 3.2(a) hereof. 

“Shared Collateral” means, at any time, Collateral in which both (a) one or more of the Revolving Loan Secured
Parties at any time has a Lien and (b) one or more of the Term Loan Secured Parties at any time has a Lien. 

  
 7 

 “Subsidiary” shall mean, with respect to any Person, any corporation,
partnership, limited liability company, association, joint venture or other business entity of which more than 50% of the total voting power of shares of stock or other ownership interests entitled (without regard to the occurrence of any
contingency) to vote in the election of the Person or Persons (whether directors, managers, trustees or other Persons performing similar functions) having the power to direct or cause the direction of the management and policies thereof is at the
time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof; provided, in determining the percentage of ownership interests of any Person controlled by
another Person, no ownership interest in the nature of a “qualifying share” of the former Person shall be deemed to be outstanding. 
 “Term Loan Agent” shall mean Barclays Bank PLC, and its successors and assigns in its capacity as collateral agent pursuant to the Term Loan Documents acting for and on behalf of the
other Term Loan Secured Parties or any other person appointed as agent under any replacement or refinancing arrangement with respect to the Term Loan Agreement. 
 “Term Loan Agreement” shall have the meaning set forth in the recitals hereto. 
 “Term Loan Asset Proceeds Account” shall have the meaning set forth in Annex A hereof. 
 “Term Loan Bank Product Obligations” shall mean Term Loan Cash Management Obligations and Term Loan Hedging Obligations. 

“Term Loan Cash Collateral” shall have the meaning set forth in Section 6.2 hereof. 

“Term Loan Cash Management Obligations” shall mean all Cash Management Obligations (other than any Revolving Loan Cash
Management Obligations) that are secured under the Term Loan Documents. 
 “Term Loan Debt” shall mean all
“Obligations” as such term is defined in the Term Loan Agreement, including, without limitation, obligations, liabilities and indebtedness of every kind, nature and description owing by any Grantor to any Term Loan Secured Party, including
principal, interest, charges, fees, premiums, indemnities and expenses, however evidenced, whether as principal, surety, endorser, guarantor or otherwise, arising under any of the Term Loan Documents and Term Loan Bank Product Obligations, whether
now existing or hereafter arising, whether arising before, during or after the initial or any renewal term of the Term Loan Documents or after the commencement of any case with respect to any Grantor under the Bankruptcy Code or any other Bankruptcy
Law or the commencement of any other Insolvency Proceeding (and including, without limitation, any principal, interest, fees, costs, expenses and other amounts which would accrue and become due but for the commencement of such case, whether or not
such amounts are allowed or allowable in whole or in part in such case or similar proceeding), whether direct or indirect, absolute or contingent, joint or several, due or not due, primary or secondary, liquidated or unliquidated, secured or
unsecured. 
 “Term Loan DIP Financing” shall have the meaning set forth in Section 6.2 hereof.

 “Term Loan Documents” shall mean, collectively, the Term Loan Agreement and all agreements, documents and
instruments at any time executed and/or delivered by any Grantor or any other person to, with or in favor of any Term Loan Secured Party in connection therewith or 

  
 8 

 
related thereto, as all of the foregoing now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated, refinanced, replaced, exchanged or restructured (in whole or
in part and including any agreements with, to or in favor of any other agent, lender or group of lenders that at any time refinances, replaces or succeeds to all or any portion of the Term Loan Debt or which add any new or additional Subsidiaries or
Affiliates of a Grantor, and whether or not increasing the amount of indebtedness that can be incurred thereunder), in each case, in accordance with the terms of this Agreement. 

“Term Loan Event of Default” shall mean any “Event of Default” as defined in the Term Loan Agreement.

 “Term Loan Hedging Obligations” shall mean Hedging Obligations (other than any Revolving Loan Hedging
Obligations) that are secured under the Term Loan Documents. 
 “Term Loan Lenders” shall mean, collectively,
any person party to the Term Loan Documents as lender (and including any other lender or group of lenders that at any time refinances, replaces or succeeds to all or any portion of the Term Loan Debt or is otherwise party to the Term Loan Documents
as a lender), and “Term Loan Lender” shall mean each of them. 
 “Term Loan Priority
Collateral” shall mean all Shared Collateral other than the Revolving Loan Priority Collateral, which, for the avoidance of doubt, shall include all identifiable proceeds of Term Loan Priority Collateral (it being understood and agreed,
however, all cash and funds, securities entitlements and securities and other property held in or credited to any deposit or securities account other than the Term Loan Asset Proceeds Account shall be deemed, unless the Revolving Loan Agent has
actual knowledge to the contrary, to be the proceeds of Revolving Loan Priority Collateral rather than Term Loan Priority Collateral). 
 “Term Loan Purchase Event” shall have the meaning set forth in Section 7.1 hereof. 
 “Term Loan Recovery” shall have the meaning set forth in Section 6.9 hereof. 
 “Term Loan Secured Parties” shall mean the “Secured Parties” as such defined term is defined in the Term Loan Agreement as in effect on the date hereof, and “Term Loan
Secured Party” shall mean each of them. 
 “Term Loan Standstill Period” shall have the meaning set
forth in Section 3.1(a)(i) hereof. 
 “Third Party Purchaser” shall have the meaning set forth in
Section 9.1 hereof. 
 “Uniform Commercial Code” or “UCC” shall mean the Uniform
Commercial Code as from time to time in effect in the State of New York. 
 1.2 Terms Generally. The definitions of terms
herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes”
and “including” shall be deemed to be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires
otherwise, (a) any definition of or reference to any 

  
 9 

 
agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified,
(b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, and as to NewPageCo, Holdings, any other Guarantor or any other Grantor shall be deemed to include a receiver, trustee or
debtor-in-possession on behalf of any of such person or on behalf of any such successor or assign, (c) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this
Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Sections shall be construed to refer to Sections of this Agreement and (e) the words “asset” and “property” shall be
construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 

Section 2. Lien Priorities 
 2.1 Acknowledgment of Liens. 
 (a) Revolving Loan Agent, on behalf of
itself and each Revolving Loan Secured Party, hereby acknowledges that Term Loan Agent, acting for and on behalf of itself and the Term Loan Secured Parties, has been granted Liens upon all of the Shared Collateral pursuant to the Term Loan
Documents to secure the Term Loan Debt. 
 (b) Term Loan Agent, on behalf of itself and each Term Loan Secured Party, hereby
acknowledges that Revolving Loan Agent, acting for and on behalf of itself and the Revolving Loan Secured Parties, has been granted Liens upon all of the Shared Collateral pursuant to the Revolving Loan Documents to secure the Revolving Loan Debt.

 2.2 Relative Priorities. 
 (a) Notwithstanding the date, manner or order of grant, attachment or perfection of any Liens granted to Revolving Loan Agent or the Revolving Loan Secured Parties or Term Loan Agent or the Term Loan
Secured Parties and notwithstanding any provision of the UCC, any similar law of any other jurisdiction outside of the United States, or any applicable law or any provisions of the Revolving Loan Documents or the Term Loan Documents or any defect or
deficiencies in, or failure to perfect, any Liens or any other circumstance whatsoever, the Term Loan Agent, on behalf of itself and the Term Loan Secured Parties, and the Revolving Loan Agent, on behalf of itself and the Revolving Loan Secured
Parties, hereby agree that: 
 (i) any Lien on the Revolving Loan Priority Collateral securing the Revolving
Loan Debt now or hereafter held by or for the benefit or on behalf of any Revolving Loan Secured Party or any agent or trustee therefor shall be senior in right, priority, operation, effect and in all other respects to any Lien on the Revolving Loan
Priority Collateral securing the Term Loan Debt now or hereafter held by or for the benefit or on behalf of any Term Loan Secured Party or any agent or trustee therefor, and any Lien on the Revolving Loan Priority Collateral securing any of the Term
Loan Debt now or hereafter held by or for the benefit or on behalf of any Term Loan Secured Party or any agent or trustee therefor regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, shall be junior and
subordinate in all respects to all Liens on the Revolving Loan Priority Collateral securing any Revolving Loan Debt; and 

  
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 (ii) any Lien on the Term Loan Priority Collateral securing the Term Loan
Debt now or hereafter held by or for the benefit or on behalf of any Term Loan Secured Party or any agent or trustee therefor shall be senior in right, priority, operation, effect and in all other respects to any Lien on the Term Loan Priority
Collateral securing the Revolving Loan Debt now or hereafter held by or for the benefit or on behalf of any Revolving Loan Secured Party or any agent or trustee therefor and any Lien on the Term Loan Priority Collateral securing any of the Revolving
Loan Debt now or hereafter held by or for the benefit or on behalf of any Revolving Loan Secured Party or any agent or trustee therefor regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, shall be
junior and subordinate in all respects to all Liens on the Term Loan Priority Collateral securing any Term Loan Debt. 
 (b) As
between Revolving Loan Secured Parties and Term Loan Secured Parties, the terms of this Agreement, including the priorities set forth above, shall govern, even if part or all of the Revolving Loan Debt or Term Loan Debt or the Liens securing payment
and performance thereof are not perfected or are subordinated, avoided, disallowed, set aside or otherwise invalidated in any judicial proceeding or otherwise. 
 2.3 Prohibition on Contesting Liens. Each of Revolving Loan Agent, for itself and on behalf of the other Revolving Loan Secured Parties, and Term Loan Agent, for itself and on behalf of the other
Term Loan Secured Parties, agrees that it shall not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including in respect of any Insolvency Proceeding), the perfection, priority, validity or
enforceability of a Lien held, or purported to be held, by or for the benefit or on behalf of any Revolving Loan Secured Party in any Collateral or by or on behalf of any Term Loan Secured Party in any Collateral, as the case may be;
provided, that, nothing in this Agreement shall be construed to prevent or impair the rights of any Revolving Loan Secured Party or Term Loan Secured Party to enforce this Agreement, and provided, further, that
nothing in this Agreement shall be construed to prevent any Revolving Loan Secured Party or Term Loan Secured Party from challenging the characterization of any item of Shared Collateral as Term Loan Priority Collateral or Revolving Loan Priority
Collateral. 
 2.4 Similar Liens and Agreements Regarding Shared Collateral. The parties hereto agree that it is their
intention that the Collateral securing the Term Loan Debt and the Revolving Loan Debt be identical. In furtherance of the foregoing and of Section 11.8, the parties hereto agree, subject to the other provisions of this Agreement, upon
request by the Revolving Loan Agent or the Term Loan Agent, to cooperate in good faith (and to direct their counsel to cooperate in good faith) from time to time in order to determine the specific items included in the Revolving Loan Priority
Collateral and the Term Loan Priority Collateral and the steps taken to perfect their respective Liens thereon and the identity of the respective parties obligated under the Term Loan Documents and the Revolving Loan Documents. 

  
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 2.5 Affiliate Obligations. The parties hereto acknowledge and agree that the Shared
Collateral may secure Revolving Loan Bank Product Obligations on a pari passu basis with the Liens on the Shared Collateral securing other Revolving Loan Debt and that the Shared Collateral may secure Term Loan Bank Product Obligations on a
pari passu basis with the Liens on the Shared Collateral securing other Term Loan Debt but that the applicable Affiliate Obligations may only be secured by a first priority Lien on either the Revolving Loan Priority Collateral or the Term
Loan Priority Collateral (but not both). Revolving Loan Agent agrees to provide the Term Loan Agent a copy of a notice or designation whereby an obligation is designated as a Revolving Loan Bank Product Obligation under the Revolving Loan Agreement
reasonably promptly upon Revolving Loan Agent’s receipt thereof, and the Term Loan Agent agrees to provide the Revolving Loan Agent a copy of a notice or designation whereby an obligation is designated as a Term Loan Bank Product Obligation
under the Term Loan Agreement reasonably promptly upon Term Loan Agent’s receipt thereof. If an obligation is designated as both a Revolving Loan Bank Product Obligation and a Term Loan Bank Product Obligation, such obligation shall constitute
that Affiliate Obligation which it was designated first in time. 
 Section 3. Enforcement 

3.1 Exercise of Rights and Remedies. 
 (a) So long as the Discharge of Revolving Loan Debt has not occurred, whether or not any Insolvency Proceeding has been commenced by or against any Grantor, Term Loan Agent, for itself and on behalf of
the other Term Loan Secured Parties: 
 (i) will not enforce or exercise, or seek to enforce or exercise, any
rights or remedies (including any right of setoff or notification of account debtors) with respect to any Revolving Loan Priority Collateral (including the enforcement of any right under any lockbox agreement, account control agreement, landlord
waiver or bailee’s letter or any similar agreement or arrangement to which the Term Loan Agent or any other Term Loan Secured Party is a party) or commence or join with any Person (other than Revolving Loan Agent with its consent) in
commencing, or filing a petition for, any action or proceeding with respect to such rights or remedies (including any foreclosure action), except, that, Term Loan Agent or any other Term Loan Secured Party may commence or join with any
Person in commencing, or filing a petition to commence, an Insolvency Proceeding; and except, that, subject at all times to the provisions of Section 4 of this Agreement and to Section 3.1(a)(ii) of this
Agreement, Term Loan Agent may enforce or exercise any or all such rights and remedies as to any Revolving Loan Priority Collateral commencing one hundred eighty (180) days after the date of the receipt by Revolving Loan Agent of written notice
from Term Loan Agent of the declaration by Term Loan Secured Parties of a Term Loan Event of Default in accordance with the terms of the Term Loan Documents (as in effect on the date hereof) that is continuing and the written demand by Term Loan
Secured Parties of the immediate payment in full of all of the Term Loan Debt under the Term Loan Documents so long as such Term Loan Event of Default has not been cured or waived (such period being referred to herein as the “Term Loan
Standstill Period”); provided, that, 

  
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 (A) in the event that at any time after the Term Loan Agent has sent a
notice to Revolving Loan Agent to commence the Term Loan Standstill Period in respect of any Revolving Loan Priority Collateral, the Term Loan Event of Default that was the basis for such notice is cured or waived or otherwise ceases to exist and no
other Term Loan Events of Default have occurred and are then continuing, then the notice shall automatically and without further action of the parties be deemed rescinded and no Term Loan Standstill Period shall be deemed to have been commenced;

 (B) the Term Loan Standstill Period shall be tolled for any period during which Revolving Loan Agent is
stayed from exercising rights or remedies in respect of any Revolving Loan Priority Collateral during the pendency of any Insolvency Proceeding or pursuant to any court order so long as the Revolving Loan Agent has used its commercially reasonable
efforts to have such stay lifted; 
 (C) prior to taking any action to enforce or exercise any or all such
rights and remedies in respect of any Revolving Loan Priority Collateral, or commence or petition for any such action or proceeding, after the end of the Term Loan Standstill Period, Term Loan Agent shall give Revolving Loan Agent not more than ten
(10) Business Days’ and not less than five (5) Business Days’ prior written notice of the intention of Term Loan Agent or any other Term Loan Secured Party to exercise its rights and remedies in respect of any Revolving Loan
Priority Collateral, including specifying the rights and remedies that it intends to exercise, which notice may be sent prior to the end of the Term Loan Standstill Period and in the event that Term Loan Agent shall not take any action to enforce or
exercise any or all of such rights in respect of any Revolving Loan Priority Collateral within ninety (90) days after the end of the Term Loan Standstill Period, then the notice to commence such Term Loan Standstill Period shall automatically
and without further action of the parties be deemed rescinded and no Term Loan Standstill Period shall be deemed to have been commenced; 
 (D) notwithstanding anything to the contrary contained in Section 3.1(a)(i) above, Term Loan Agent and the other Term Loan Secured Parties may exercise any rights or remedies against any
specific item or items of the Revolving Loan Priority Collateral or commence or petition for any action or proceeding with respect to such rights or remedies after the end of the Term Loan Standstill Period, unless Revolving Loan Agent or any other
Revolving Loan Secured Party is diligently pursuing in good faith the exercise of its enforcement rights or remedies against all or any material portion of the Revolving Loan Priority Collateral or such item or items of Revolving Loan Priority
Collateral, including, without limitation, any of the following: solicitation of bids from third parties to conduct the liquidation of all or any material portion of the Revolving Loan Priority Collateral, the engagement or retention of sales
brokers, marketing agents, investment bankers, accountants, auctioneers or other third parties for the purpose of valuing, marketing, promoting or selling all or any material portion of the Revolving Loan Priority Collateral, the notification of
account debtors that owe all or a material portion of the accounts to make payments to the Revolving Loan Agent or its agents, the initiation of any action to take possession of all or any material portion of the Revolving Loan Priority Collateral
or the commencement of any legal proceedings or actions against or with respect to all or any material portion of the Revolving Loan Priority Collateral); 

  
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 (ii) will not contest, protest or object to any foreclosure action or
proceeding brought by Revolving Loan Agent or any other Revolving Loan Secured Party, or any other enforcement or exercise by any Revolving Loan Secured Party of any rights or remedies relating solely to any Revolving Loan Priority Collateral, so
long as the Liens of Term Loan Agent in such Revolving Loan Priority Collateral attach to the Proceeds thereof subject to the relative priorities set forth in Section 2.1 and such actions or proceedings are being pursued in good faith;

 (iii) will not object to the forbearance by Revolving Loan Agent or the other Revolving Loan Secured Parties
from commencing or pursuing any foreclosure action or proceeding or any other enforcement or exercise of any rights or remedies with respect to any of the Revolving Loan Priority Collateral; 

(iv) will not, so long as the Discharge of Revolving Loan Debt has not occurred and except for actions otherwise
permitted (x) in accordance with Section 3.1(a)(i)(D) (but subject to the provisions of Sections 4.1 and 4.2) or, (y) in accordance with Section 6.4 but not in violation of any provision of this
Agreement, take or receive any Revolving Loan Priority Collateral, or any Proceeds thereof or payment with respect thereto, in connection with the exercise of any right or remedy (including any right of setoff) with respect to any Revolving Loan
Priority Collateral (it being understood and agreed that payments made by any Grantor in respect of the Term Loan Debt with proceeds of loans or advances under the Revolving Loan Documents or, so long as the Revolving Loan Secured Parties or Term
Loan Secured Parties have not commenced enforcement of their liens, payments made by any Grantor in respect of the Term Loan Debt in the ordinary course of business with proceeds of Revolving Loan Priority Collateral shall not constitute a breach of
this Section 3.1(a)(iv)); 
 (v) agrees that no covenant, agreement or restriction contained in any
Term Loan Document shall be deemed to restrict in any way the rights and remedies of Revolving Loan Agent or the other Revolving Loan Secured Parties with respect to the Revolving Loan Priority Collateral as set forth in this Agreement and the
Revolving Loan Documents; 
 (vi) will not object to the manner in which Revolving Loan Agent or any other
Revolving Loan Secured Party may seek to enforce or collect the Revolving Loan Debt or the Liens of such Revolving Loan Secured Party on any Revolving Loan Priority Collateral to the extent not in violation of this Agreement, regardless of whether
any action or failure to act by or on behalf of Revolving Loan Agent or any other Revolving Loan Secured Party is, or could be, adverse to the interests of the Term Loan Secured Parties, and will not assert, and hereby waive, to the fullest extent
permitted by law, any right to demand, request, plead or otherwise assert or claim the benefit of any marshalling, appraisal, valuation or other similar right that may be available under applicable law with respect to the Revolving Loan Priority
Collateral or any other rights a junior secured creditor may have under applicable law with respect to the matters described in this clause (vi); and 

  
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 (vii) will not attempt, directly or indirectly, whether by judicial
proceeding or otherwise, to challenge or question the validity or enforceability of any Revolving Loan Debt or any Lien of Revolving Loan Agent or this Agreement (other than the challenging the characterization of any item of Collateral as Term Loan
Priority Collateral or Revolving Loan Priority Collateral or whether an asset constitutes Shared Collateral), or the validity or enforceability of the priorities, rights or obligations established by this Agreement. 

(b) So long as the Discharge of Term Loan Debt has not occurred, whether or not any Insolvency Proceeding has been commenced by or
against any Grantor, Revolving Loan Agent, for itself and on behalf of the other Revolving Loan Secured Parties: 
 (i) will not enforce or exercise, or seek to enforce or exercise, any rights or remedies (including any right of setoff or notification of account debtors) with respect to any Term Loan Priority
Collateral or commence or join with any Person (other than Term Loan Agent with its consent) in commencing, or filing a petition for, any action or proceeding with respect to such rights or remedies (including any foreclosure action), except,
that, Revolving Loan Agent or any other Revolving Loan Secured Party may commence or join with any Person in commencing, or filing a petition to commence, an Insolvency Proceeding; and except, that, subject at all times to the
provisions of Section 4 of this Agreement and to Section 3.1(b)(ii) of this Agreement, Revolving Loan Agent may enforce or exercise any or all such rights and remedies as to any Term Loan Priority Collateral commencing one
hundred eighty (180) days after the date of the receipt by Term Loan Agent of written notice from Revolving Loan Agent of the declaration by Revolving Loan Secured Parties of a Revolving Loan Event of Default in accordance with the terms of the
Revolving Loan Documents (as in effect on the date hereof) that is continuing and the written demand by Revolving Loan Secured Parties of the immediate payment in full of all of the Revolving Loan Debt under the Revolving Loan Documents so long as
such Revolving Loan Event of Default has not been cured or waived (such period being referred to herein as the “Revolving Loan Standstill Period”); provided, that, 

(A) in the event that at any time after the Revolving Loan Agent has sent a notice to Term Loan Agent to commence the
Revolving Loan Standstill Period in respect of any Term Loan Priority Collateral, the Revolving Loan Event of Default that was the basis for such notice is cured or waived or otherwise ceases to exist and no other Revolving Loan Events of Default
have occurred and are then continuing, then the notice shall automatically and without further action of the parties be deemed rescinded and no Revolving Loan Standstill Period shall be deemed to have been commenced; 

(B) the Revolving Loan Standstill Period shall be tolled for any period during which Term Loan Agent is stayed from
exercising rights or remedies in respect of any Term Loan Priority Collateral during the pendency of any Insolvency Proceeding or pursuant to any court order so long as the Term Loan Agent has used its commercially reasonable efforts to have such
stay lifted; 

  
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 (C) prior to taking any action to enforce or exercise any or all such
rights and remedies in respect of any Term Loan Priority Collateral, or commence or petition for any such action or proceeding, after the end of the Revolving Loan Standstill Period, Revolving Loan Agent shall give Term Loan Agent not more than ten
(10) Business Days’ and not less than five (5) Business Days’ prior written notice of the intention of Revolving Loan Agent or any other Revolving Loan Secured Party to exercise its rights and remedies in respect of any Term Loan
Priority Collateral, including specifying the rights and remedies that it intends to exercise, which notice may be sent prior to the end of the Revolving Loan Standstill Period and in the event that Revolving Loan Agent shall not take any action to
enforce or exercise any or all of such rights in respect of any Term Loan Priority Collateral within ninety (90) days after the end of the Revolving Loan Standstill Period, then the notice to commence such Revolving Loan Standstill Period shall
automatically and without further action of the parties be deemed rescinded and no Revolving Loan Standstill Period shall be deemed to have been commenced; 
 (D) notwithstanding anything to the contrary contained in Section 3.1(b)(i) above, Revolving Loan Agent and the other Revolving Loan Secured Parties may exercise any rights or remedies against
any specific item or items of the Term Loan Priority Collateral or commence or petition for any action or proceeding with respect to such rights or remedies after the end of the Revolving Loan Standstill Period, unless Term Loan Agent or any other
Term Loan Secured Party is diligently pursuing in good faith the exercise of its enforcement rights or remedies against all or any material portion of the Term Loan Priority Collateral or such item or items of Term Loan Priority Collateral,
including, without limitation, any of the following: solicitation of bids from third parties to conduct the liquidation of all or any material portion of the Term Loan Priority Collateral, the engagement or retention of sales brokers, marketing
agents, investment bankers, accountants, auctioneers or other third parties for the purpose of valuing, marketing, promoting or selling all or any material portion of the Term Loan Priority Collateral, the initiation of any action to take possession
of all or any material portion of the Term Loan Priority Collateral or the commencement of any legal proceedings or actions against or with respect to all or any material portion of the Term Loan Priority Collateral); 

(ii) will not contest, protest or object to any foreclosure action or proceeding brought by Term Loan Agent or any other
Term Loan Secured Party, or any other enforcement or exercise by any Term Loan Secured Party of any rights or remedies relating solely to any Term Loan Priority Collateral so long as the Liens of Revolving Loan Agent in such Term Loan Priority
Collateral attach to the Proceeds thereof subject to the relative priorities set forth in Section 2.1 and such actions or proceedings are being pursued in good faith; 

  
 16 

 (iii) will not object to the forbearance by Term Loan Agent or the other
Term Loan Secured Parties from commencing or pursuing any foreclosure action or proceeding or any other enforcement or exercise of any rights or remedies with respect to any of the Term Loan Priority Collateral; 

(iv) will not, so long as the Discharge of Term Loan Debt has not occurred and except for actions otherwise permitted
(x) in accordance with Section 3.1(b)(i)(D) (but subject to the provisions of Sections 4.1 and 4.2) or, (y) in accordance with Section 6.4 but not in violation of any provision of this Agreement, take
or receive any Term Loan Priority Collateral, or any Proceeds thereof or payment with respect thereto, in connection with the exercise of any right or remedy (including any right of setoff) with respect to any Term Loan Priority Collateral (it being
understood and agreed that payments made by any Grantor in respect of the Revolving Loan Debt with proceeds of loans or advances under the Term Loan Documents or, so long as the Revolving Loan Secured Parties or Term Loan Secured Parties have not
commenced enforcement of their liens, payments made by any Grantor in respect of the Revolving Loan Debt in the ordinary course of business with proceeds of Revolving Loan Priority Collateral shall not constitute a breach of this
Section 3.1(a)(iv)); 
 (v) agrees that no covenant, agreement or restriction contained in any
Revolving Loan Document shall be deemed to restrict in any way the rights and remedies of Term Loan Agent or the other Term Loan Secured Parties with respect to the Term Loan Priority Collateral as set forth in this Agreement and the Term Loan
Documents; 
 (vi) will not object to the manner in which Term Loan Agent or any other Term Loan Secured Party
may seek to enforce or collect the Term Loan Debt or the Liens of such Term Loan Secured Party on any Term Loan Priority Collateral to the extent not in violation of this Agreement, regardless of whether any action or failure to act by or on behalf
of Term Loan Agent or any other Term Loan Secured Party is, or could be, adverse to the interests of the Revolving Loan Secured Parties, and will not assert, and hereby waive, to the fullest extent permitted by law, any right to demand, request,
plead or otherwise assert or claim the benefit of any marshalling, appraisal, valuation or other similar right that may be available under applicable law with respect to the Term Loan Priority Collateral or any other rights a junior secured creditor
may have under applicable law with respect to the matters described in this clause (vi) in respect of Term Loan Priority Collateral; and 
 (vii) will not attempt, directly or indirectly, whether by judicial proceeding or otherwise, to challenge or question the validity or enforceability of any Term Loan Debt or any Lien of Term Loan Agent or
this Agreement (other than the challenging the characterization of any item of Collateral as Term Loan Priority Collateral or Revolving Loan Priority Collateral or whether an asset constitutes Shared Collateral), or the validity or enforceability of
the priorities, rights or obligations established by this Agreement. 

  
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 (c) Until the Discharge of Revolving Loan Debt has occurred, whether or not any Insolvency
Proceeding has commenced with respect to any Grantor, subject to Section 3.1(a)(i) hereof, the Revolving Loan Secured Parties shall have the exclusive right to commence, and if applicable, maintain the exercise of its rights and remedies
with respect to the Revolving Loan Priority Collateral, including, without limitation, the exclusive right, to the extent provided for in the Revolving Loan Documents or under applicable law, to appoint an administrator or a receiver in respect of
the Revolving Loan Priority Collateral, to take or retake control or possession of such Collateral and to hold, prepare for sale, process, and subject to Section 3.1(a) hereof, sell, lease, dispose of, or liquidate such Revolving Loan
Priority Collateral, without any consultation with or the consent of any Term Loan Secured Party; provided that, the Lien securing the Term Loan Debt shall continue as to the Proceeds of such Collateral released or disposed of subject to the
relative priorities described in Section 2 hereof. In exercising enforcement rights and remedies with respect to the Revolving Loan Priority Collateral, the Revolving Loan Secured Parties may enforce the provisions of the Revolving Loan
Documents with respect to the Revolving Loan Priority Collateral and exercise remedies thereunder, all in such order and in such manner as they may determine in the exercise of their sole discretion. Such exercise and enforcement shall include the
rights of an agent appointed by them to sell or otherwise realize on or dispose of any Revolving Loan Priority Collateral upon foreclosure, to incur expenses in connection with such sale or other realization or disposition, and to exercise all of
the rights and remedies of a secured creditor under the UCC or any similar law of any other jurisdiction outside of the United States and of a secured creditor under the Bankruptcy Laws of any applicable jurisdiction. Term Loan Secured Parties shall
not have any right to direct any Revolving Loan Secured Party to exercise any right, remedy or power with respect to the Revolving Loan Priority Collateral, and each Term Loan Secured Party shall have no right to consent to any exercise of remedies
under the Revolving Loan Documents or applicable law in respect of any of the Revolving Loan Priority Collateral. No Term Loan Secured Party shall institute any suit or assert in any suit, bankruptcy, insolvency or other proceeding any claim against
any Revolving Loan Secured Party seeking damages from or other relief by way of specific performance, instructions or otherwise, with respect to the Shared Collateral. 
 (d) Until the Discharge of Term Loan Debt has occurred, whether or not any Insolvency Proceeding has commenced with respect to any Grantor, subject to Section 3.1(b)(i) hereof, the Term Loan
Secured Parties shall have the exclusive right to commence, and if applicable, maintain the exercise of its rights and remedies with respect to the Term Loan Priority Collateral, including, without limitation, the exclusive right, to the extent
provided for in the Term Loan Documents or under applicable law, to appoint an administrator or a receiver in respect of the Term Loan Priority Collateral, to take or retake control or possession of such Collateral and to hold, prepare for sale,
process, and subject to Section 3.1(b) hereof, sell, lease, dispose of, or liquidate such Term Loan Priority Collateral, without any consultation with or the consent of any Revolving Loan Secured Party; provided that, the Lien
securing the Revolving Loan Debt shall continue as to the Proceeds of such Collateral released or disposed of subject to the relative priorities described in Section 2 hereof. In exercising enforcement rights and remedies with respect to
the Term Loan Priority Collateral, the Term Loan Secured Parties may enforce the provisions of the Term Loan Documents with respect to the Term Loan Priority Collateral and exercise remedies thereunder, all in such order and in such manner as they
may determine in the exercise of their sole discretion. Such exercise and enforcement shall include the rights of an agent appointed by them to sell or otherwise realize on or dispose of any Term

  
 18 

 
Loan Priority Collateral upon foreclosure, to incur expenses in connection with such sale or other realization or disposition, and to exercise all of the rights and remedies of a secured creditor
under the UCC or any similar law of any other jurisdiction outside of the United States and of a secured creditor under the Bankruptcy Laws of any applicable jurisdiction. Revolving Loan Secured Parties shall not have any right to direct any Term
Loan Secured Party to exercise any right, remedy or power with respect to the Term Loan Priority Collateral and each Revolving Loan Secured Party shall have no right to consent to any exercise of remedies under the Revolving Loan Documents or
applicable law in respect of any of the Term Loan Priority Collateral. No Revolving Loan Secured Party shall institute any suit or assert in any suit, bankruptcy, insolvency or other proceeding any claim against any Term Loan Secured Party seeking
damages from or other relief by way of specific performance, instructions or otherwise, with respect to the Shared Collateral. 

(e) Notwithstanding the foregoing, each of the Term Loan Agent and the Revolving Loan Agent may: 

(i) file a claim or statement of interest with respect to the Revolving Loan Debt or Term Loan Debt, as the case may be;
provided, that, an Insolvency Proceeding has commenced with respect to any Grantor; 
 (ii) in the
case of the Term Loan Agent, take any action in order to create, perfect, preserve or protect (but not enforce) its Lien on any of the Revolving Loan Priority Collateral, and in the case of the Revolving Loan Agent, take any action in order to
create, perfect, preserve or protect (but not enforce) its Lien on any of the Term Loan Priority Collateral; 

(iii) file any necessary responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or
other pleading made by any Person objecting to or otherwise seeking the disallowance of the claims or Liens of the Revolving Loan Secured Parties or Term Loan Secured Parties represented by it, including any claims secured by the Collateral, if any,
or otherwise make any agreements or file any motions or objections pertaining to the claims or Liens of such Secured Parties, in each case in accordance with the terms of this Agreement; 

(iv) file any pleadings, objections, motions or agreements which assert rights or interests that are available to
unsecured creditors of the Grantors including, without limitation, the commencement of an Insolvency Proceeding with respect to any Grantor, in each case, in accordance with applicable law and in a manner not inconsistent with the terms of this
Agreement; 
 (v) vote on any plan of reorganization, file any proof of claim, make other filings and make any
arguments and motions that are, in each case, in accordance with the terms of this Agreement; and 
 (vi)
exercise all other rights and remedies as unsecured creditors against Grantor so long as such exercise does not contravene any provision of this Agreement (it being understood that any provision of this Agreement that requires any party hereto to
act or to refrain from acting shall be applicable to such party in its respective capacities as a secured and an unsecured creditor). 

  
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 3.2 Release of Second Priority Liens. 

(a) If the Agent with the senior Lien on any Shared Collateral (the “Senior Agent”) releases its Liens on any part of
such Shared Collateral in connection with (i) any Disposition of such Shared Collateral permitted under the terms of the Revolving Loan Documents and the terms of the Term Loan Documents, (ii) the Disposition by an Agent (but not by a
Grantor) of such Shared Collateral in connection with the exercise of such Agent’s enforcement remedies in respect of such Shared Collateral or (iii) the Disposition by any Grantor of such Shared Collateral with the consent of the Senior
Agent so long as, in the case of any Disposition of such Shared Collateral pursuant to this clause (iii), (A) a Revolving Loan Event of Default (in the case of a Disposition of Revolving Loan Priority Collateral) or Term Loan Event of
Default (in the case of a Disposition of Term Loan Priority Collateral) has occurred and is continuing, (B) the net cash proceeds received from such Disposition shall be applied to repay the Revolving Loan Debt (in the case of a Disposition of
Revolving Loan Priority Collateral) or the Term Loan Debt (in the case of a Disposition of Term Loan Priority Collateral) and, in the case of a Disposition of Revolving Loan Priority Collateral, the commitments under the Revolving Loan Agreement
shall be permanently reduced by an amount equal to the amount of such net cash proceeds, (C) such Disposition shall be conducted in a commercially reasonable manner, (D) the Agent with the junior Lien on such Shared Collateral shall have
received not less than five (5) Business Days’ prior written notice of such Disposition and (E) the consideration paid for such Shared Collateral shall consist of all cash paid at the closing of the Disposition of such Shared
Collateral (unless all or any of such consideration is required to be paid in cash within thirty (30) days after the closing of such Disposition), then (in each case) effective upon the consummation of any such Disposition or exercise of
enforcement remedies, the Agent with the junior Lien on any such Collateral (the “Junior Agent”) shall: 
 (i) be deemed to have automatically and without further action consented to such Disposition, waived any conflicting provision in the Revolving Loan Documents or the Term Loan Documents, as the case may
be, and released and terminated any Liens it may have on such Shared Collateral; provided, that, (A) the Liens of the Senior Agent on the Shared Collateral so sold or disposed of are released at the same time, and (B) such
junior Lien shall remain in place with respect to any Proceeds of such sale, transfer or other disposition under this clause (a)(i) that remain after the Discharge of Revolving Loan Debt (in the case of Revolving Loan Priority Collateral) or
the Discharge of Term Loan Debt (in the case of Term Loan Priority Collateral); 
 (ii) be deemed to have
authorized the Senior Agent to file UCC amendments and terminations covering the Shared Collateral so sold or otherwise disposed of with respect to the UCC financing statements between any Grantor and the Junior Agent to evidence such release and
termination; and 
 (iii) promptly upon the request of the Senior Agent, execute and deliver (x) such other
release documents and confirmations of the authorization to file UCC amendments and terminations provided for herein, and (y) such consent and waiver 

  
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documents and instruments, in each case as the Senior Agent may require in connection with such sale or other Disposition, to evidence and effectuate such termination and release, the consent of
the Junior Agent (on behalf of itself and the Secured Parties for whom such Agent is acting) to such Disposition, and the waiver of any conflicting provisions in the Revolving Loan Documents or the Term Loan Documents, as the case may be;
provided, that, any such release or UCC amendment or termination or consent or waiver by or on behalf of the Junior Agent shall not extend to or otherwise affect any of the rights, if any, of such Junior Agent to the Proceeds from any
such sale or other disposition of Shared Collateral upon the payment and satisfaction in full of the Revolving Loan Debt or the Term Loan Debt, as the case may be, whichever is secured by the senior Lien on such Shared Collateral. 

(b) Each Agent, for itself and on behalf of the other Secured Parties for whom such Agent is acting, in its capacity as Junior Agent,
hereby irrevocably constitutes and appoints the other Agent, in its capacity as Senior Agent, and any officer or agent of such Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority
in the place and stead of such Junior Agent or such holder or in the Junior Agent’s own name, from time to time in such Senior Agent’s discretion, for the purpose of carrying out the terms of this Section 3.2, to take any and
all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Section 3.2, including any waivers or consents or termination statements, endorsements, or
other instruments of transfer or release. Nothing contained in this Agreement shall be construed to modify the obligation of the Senior Agent to act in a commercially reasonable manner in the exercise of its rights to sell, lease, license, exchange,
transfer or otherwise dispose of any Collateral. 
 (c) In the event that Proceeds of Shared Collateral are received in
connection with a Disposition of Shared Collateral that directly or indirectly involves both some or all of the Revolving Loan Priority Collateral and some or all of the Term Loan Priority Collateral, the Revolving Loan Agent and the Term Loan Agent
shall use commercially reasonable efforts in good faith to allocate the Proceeds received in connection with such Disposition of such Shared Collateral to the Revolving Loan Priority Collateral and the Term Loan Priority Collateral. If the Revolving
Loan Agent and Term Loan Agent are unable to agree on such allocation within ten (10) Business Days (or such other period of time as Revolving Loan Agent and Term Loan Agent agree) of the consummation of such Disposition, the portion of such
Proceeds that shall be allocated as Proceeds of Revolving Loan Priority Collateral for purposes of this Agreement shall be an amount equal to the sum of the book value of the Accounts, Inventory and cash included in the Shared Collateral subject to
such Disposition (determined at the time of such Disposition) with the balance of the Proceeds to be allocated to the Term Loan Priority Collateral; provided, that, to the extent that the Revolving Loan Priority Collateral subject to such
Disposition may include assets other than Accounts, Inventory and cash, at the option of Revolving Loan Agent, the appraised value of such other assets may be used for the purposes of the allocation of such Proceeds to the Revolving Loan Priority
Collateral based on the then most current satisfactory third party appraisal received by Revolving Loan Agent with respect thereto. It is understood and agreed that Proceeds of Equity Interests and the Term Loan Assets Proceeds Account and the
proceeds thereof shall not be subject to this Section 3.2(c) and shall constitute Term Loan Priority Collateral. Notwithstanding anything in 

  
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the Revolving Loan Documents or Term Loan Documents to the contrary, no Revolving Loan Event of Default or Term Loan Event of Default shall occur as a result of any delay in paying over any such
Proceeds of Shared Collateral, if such delay is caused by the failure of the Revolving Loan Agent and the Term Loan Agent to agree on the allocation of such Proceeds. 
 3.3 Insurance and Condemnation Awards. 
 (a) So long as the Discharge of
Revolving Loan Debt has not occurred, Revolving Loan Agent and the other Revolving Loan Secured Parties shall have the sole and exclusive right, subject to the rights of Grantors under the Revolving Loan Documents, to settle and adjust claims in
respect of the Revolving Loan Priority Collateral under policies of insurance and to approve any award granted in any condemnation or similar proceeding, or any deed in lieu of condemnation in respect of the Revolving Loan Priority Collateral. So
long as the Discharge of Revolving Loan Debt has not occurred, all Proceeds of any such policy in respect of the Revolving Loan Priority Collateral and any such award, or any payments in respect of the Revolving Loan Priority Collateral with respect
to a deed in lieu of condemnation, shall, subject to the rights of the Grantors under the Revolving Loan Documents, (i) first, be paid to Revolving Loan Agent for the benefit of the Revolving Loan Secured Parties to the extent required
under the Revolving Loan Documents, (ii) second, be paid to Term Loan Agent for the benefit of the Term Loan Secured Parties to the extent required under the applicable Term Loan Documents, and (iii) third, be paid to the
owner of the subject property or as a court of competent jurisdiction may otherwise direct or may otherwise be required by applicable law. Until the Discharge of Revolving Loan Debt, if Term Loan Agent or any other Term Loan Secured Party shall, at
any time, receive any Proceeds of any such insurance policy or any such award or payment, it shall pay such Proceeds over to Revolving Loan Agent in accordance with the terms of Section 4.2. 

(b) So long as the Discharge of Term Loan Debt has not occurred, Term Loan Agent and the other Term Loan Secured Parties shall have the
sole and exclusive right, subject to the rights of Grantors under the Term Loan Documents, to settle and adjust claims in respect of the Term Loan Priority Collateral under policies of insurance and to approve any award granted in any condemnation
or similar proceeding, or any deed in lieu of condemnation in respect of the Term Loan Priority Collateral. So long as the Discharge of Term Loan Debt has not occurred, all Proceeds of any such policy in respect of the Term Loan Priority Collateral
and any such award, or any payments in respect of the Term Loan Priority Collateral with respect to a deed in lieu of condemnation, shall, subject to the rights of the Grantors under the Term Loan Documents, (i) first, be paid to Term
Loan Agent for the benefit of the Term Loan Secured Parties to the extent required under the applicable Term Loan Documents, (ii) second, be paid to Revolving Loan Agent for the benefit of the Revolving Loan Secured Parties to the extent
required under the Revolving Loan Documents, and (iii) third, be paid to the owner of the subject property or as a court of competent jurisdiction may otherwise direct or may otherwise be required by applicable law. Until the Discharge
of Term Loan Debt, if Revolving Loan Agent or any other Revolving Loan Secured Party shall, at any time, receive any Proceeds of any such insurance policy or any such award or payment, it shall pay such Proceeds over to Term Loan Agent in accordance
with the terms of Section 4.2. 

  
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 (c) If any insurance claim includes both Revolving Loan Priority Collateral and Term Loan
Priority Collateral and the insurer will not settle such claim separately with respect to Revolving Loan Priority Collateral and Term Loan Priority Collateral, if the Agents are unable after negotiating in good faith to agree on the settlement for
such claim, either Agent may apply to a court of competent jurisdiction to make a determination as to the control of the settlement of such claim, and the court’s determination shall be binding upon the Agents. All proceeds of such insurance
shall be remitted to the Revolving Loan Agent or Term Loan Agent, as the case may be, and each of the Term Loan Agent and Revolving Loan Agent shall cooperate (if necessary) in a reasonable manner in effecting the payment of insurance proceeds in
accordance with Section 4.1 hereof. For the avoidance of doubt, Proceeds of Collateral constituting the proceeds of business interruption insurance shall (i) unless a Revolving Loan Event of Default or Term Loan Event of Default has
occurred and is continuing, be returned to the applicable Grantor, (ii) (1) if a Revolving Loan Event of Default, but no Term Loan Event of Default, has occurred and is continuing, be applied to the Revolving Loan Debt then outstanding and
(2) if a Term Loan Event of Default, but no Revolving Loan Event of Default, has occurred and is continuing, be applied to the Term Loan Debt then outstanding, and (iii) if a Revolving Loan Event of Default and a Term Loan Event of Default
have occurred and are continuing, be applied to the Revolving Loan Debt and the Term Loan Debt on a pari passu basis based upon the Revolving Loan Debt and the Term Loan Debt then outstanding. 

Section 4. Payments 
 4.1 Application of Proceeds. 
 (a) So long as the Discharge of Revolving
Loan Debt has not occurred, the Revolving Loan Priority Collateral or Proceeds thereof received in connection with any Disposition of, or collection on, such Revolving Loan Priority Collateral (including, without limitation, any Proceeds of
Revolving Loan Priority Collateral taken or received by the Term Loan Agent or other Term Loan Secured Parties pursuant to Section 3.1(a)(i)(D)), shall, subject to the rights of Grantors under the Revolving Loan Documents, be applied in
the following order of priority: 
 (i) first, to the Revolving Loan Debt and for cash collateral as
required under the Revolving Loan Documents, and in such order as specified in the applicable Revolving Loan Documents until the Discharge of Revolving Loan Debt has occurred; 

(ii) second, to the Term Loan Debt in such order as specified in the applicable Term Loan Documents until the
Discharge of Term Loan Debt has occurred. 
 (b) So long as the Discharge of Term Loan Debt has not occurred, the Term Loan
Priority Collateral or Proceeds thereof received in connection with the Disposition of, or collection on, such Term Loan Priority Collateral (including, without limitation, any Proceeds of Term Loan Priority Collateral taken or received by the
Revolving Loan Agent or other Revolving Loan Secured Parties pursuant to Section 3.1(b)(i)(D)), shall, subject to the rights of Grantors under the Term Loan Documents, be applied in the following order of priority: 

  
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 (i) first, to the Term Loan Debt and for cash collateral as required
under the Term Loan Documents, and in such order as specified in the applicable Term Loan Documents until the Discharge of Term Loan Debt has occurred; 
 (ii) second, to the Revolving Loan Debt in such order as specified in the applicable Revolving Loan Documents until the Discharge of Revolving Loan Debt has occurred. 

(c) Upon the Discharge of Revolving Loan Debt, to the extent permitted under applicable law and without risk of legal liability to
Revolving Loan Agent or any other Revolving Loan Secured Party and until the Discharge of the Term Loan Debt, Revolving Loan Agent shall, subject to the rights of Grantors under the Term Loan Documents, deliver to Term Loan Agent, without
representation or recourse, any Proceeds of Shared Collateral held by it at such time in the same form as received, with any necessary endorsements or as a court of competent jurisdiction may otherwise direct, to be applied by Term Loan Agent to the
Term Loan Debt in such order as specified in the relevant Term Loan Documents. Upon the Discharge of Term Loan Debt, to the extent permitted under applicable law and without risk of legal liability to Term Loan Agent or any other Term Loan Secured
Party and until the Discharge of the Revolving Loan Debt, Term Loan Agent shall, subject to the rights of Grantors under the Revolving Loan Documents, deliver to Revolving Loan Agent, without representation or recourse, any Proceeds of Shared
Collateral held by it at such time in the same form as received, with any necessary endorsements or as a court of competent jurisdiction may otherwise direct, to be applied by Revolving Loan Agent to the Revolving Loan Debt in such order as
specified in the relevant Revolving Loan Documents. The provisions of this Section 4.1 are intended solely to govern the respective Lien priorities as between Term Loan Agent and Revolving Loan Agent and shall not impose on any Agent or
any other Secured Party any obligations in respect of the disposition of Proceeds of foreclosure on any Shared Collateral which would conflict with prior perfected claims therein in favor of any other person or any order or decree of any court or
other governmental authority or any applicable law. 
 4.2 Payments Over. 

(a) So long as the Discharge of Revolving Loan Debt has not occurred, whether or not any Insolvency Proceeding has commenced with respect
to any Grantor, Term Loan Agent agrees, for itself and on behalf of the other Term Loan Secured Parties, that any Revolving Loan Priority Collateral or Proceeds thereof or payment with respect thereto received by Term Loan Agent or any other Term
Loan Secured Party (including any right of set-off), and including in connection with any insurance policy claim or any condemnation award (or deed in lieu of condemnation), in each case, in violation of this Agreement, shall be segregated and held
in trust and promptly transferred or paid over to Revolving Loan Agent for the benefit of the Revolving Loan Secured Parties in the same form as received, with any necessary endorsements or assignments or as a court of competent jurisdiction may
otherwise direct. Revolving Loan Agent is hereby authorized to make any such endorsements or assignments as agent for Term Loan Agent. This authorization is coupled with an interest and is irrevocable. Neither payments made by Grantors in respect of
the Term Loan Debt with proceeds of loans or advances under the Revolving Loan Documents nor, so long as the Revolving Loan Secured Parties or the Term Loan Secured Parties have not commenced enforcement of their liens, payments of Term Loan Debt in
the ordinary course of business made with proceeds of the Revolving Loan Priority Collateral, shall be required to be transferred or paid over to Revolving Loan Agent for the benefit of the Revolving Loan Secured Parties. 

  
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 (b) So long as the Discharge of Term Loan Debt has not occurred, whether or not any
Insolvency Proceeding has commenced with respect to any Grantor, Revolving Loan Agent agrees, for itself and on behalf of the other Revolving Loan Secured Parties, that any Term Loan Priority Collateral or Proceeds thereof or payment with respect
thereto received by Revolving Loan Agent or any other Revolving Loan Secured Party (including any right of set-off), and including in connection with any insurance policy claim or any condemnation award (or deed in lieu of condemnation), in each
case, in violation of this Agreement, shall be segregated and held in trust and promptly transferred or paid over to Term Loan Agent for the benefit of the Term Loan Secured Parties in the same form as received, with any necessary endorsements or
assignments or as a court of competent jurisdiction may otherwise direct. Term Loan Agent is hereby authorized to make any such endorsements or assignments as agent for Revolving Loan Agent. This authorization is coupled with an interest and is
irrevocable. Neither payments made by Grantors in respect of the Revolving Loan Debt with proceeds of loans or advances under the Term Loan Documents nor, so long as the Revolving Loan Secured Parties or the Term Loan Secured Parties have not
commenced enforcement of their liens, payments of Revolving Loan Debt in the ordinary course of business made with proceeds of the Term Loan Priority Collateral, shall be required to be transferred or paid over to Term Loan Agent for the benefit of
the Term Loan Secured Parties. 
 (c) If any Grantor or any Subsidiary of any Grantor proposes to remit proceeds of Shared
Collateral to an Agent (the “Payee Agent”) in connection with a Disposition and the other Agent (the “Disputing Agent”) asserts in writing to such Grantor or such Subsidiary, as applicable, and the Payee Agent that
such proceeds should be remitted to the Disputing Agent instead of the Payee Agent, such Grantor or such Subsidiary, as applicable, shall be permitted to deposit the applicable funds in an escrow account pursuant to the terms of an escrow agreement
reasonably satisfactory to both Agents, and such escrowed funds shall only be released either pursuant to the terms of such escrow agreement or pursuant to an order of a court of competent jurisdiction. Once any such funds are deposited in such
escrow account in accordance with the terms of such escrow agreement, such funds shall no longer constitute property of such Grantor or such Subsidiary, as applicable, and shall, upon resolution of the dispute as contemplated in the immediately
preceding sentence, become the property of the applicable Agent (on behalf of the Secured Parties for whom such Agent is acting) in accordance with the terms of this Agreement. Notwithstanding anything in the Revolving Loan Documents or Term Loan
Documents to the contrary, (i) to the extent such Grantor or such Subsidiary, as applicable, pays any amounts to an escrow account in accordance with this Section 4.2(c), such Grantor or such Subsidiary, as applicable, shall for all
purposes under the Revolving Loan Documents or the Term Loan Documents, as the case may be, be deemed to have satisfied their obligation to pay such amounts thereunder (but without in any way reducing the outstanding amount of Revolving Loan Debt or
Term Loan Debt (or any accrued and unpaid interest thereon (which, for avoidance of doubt, would, pursuant to the terms thereof, continue to accrue in accordance with the applicable loan documents) until the escrowed amount is applied to the
Revolving Loan Debt or the Term Loan Debt, as the case may be) and, upon final determination of the application of the escrowed amounts to the Revolving Loan Debt or the Term Loan Debt, 

  
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as the case may be, such amount applied shall reduce the Revolving Loan Debt or the Term Loan Debt, as the case may be, in accordance with the terms of the Revolving Loan Agreement or the Term
Loan Agreement, as applicable and (ii) no Revolving Loan Event of Default or Term Loan Event of Default shall occur as a result of any delay in paying any such amounts to an escrow account, if such delay is caused by the failure of the
Disputing Agent and the Payee Agent to agree on the terms of the applicable escrow agreement. 
 Section 5. Bailee for
Perfection 
 5.1 Each Agent as Bailee. 
 (a) Each Agent agrees to hold any Shared Collateral that is in the possession or control of such Agent (or its agents or bailees), to the extent that possession or control thereof is effective to perfect
a Lien thereon under the Uniform Commercial Code (such Shared Collateral being referred to herein as the “Pledged Collateral”), as bailee and agent for and on behalf of the other Agent solely for the purpose of perfecting the Lien
granted to the other Agent in such Pledged Collateral (including as to any securities or any deposit accounts or securities accounts, if any, for purposes of satisfying the requirements of Sections 8-106(d)(3), 8-301(a)(2) and 9-313(c) of the UCC)
pursuant to the Revolving Loan Documents or Term Loan Documents, as applicable, subject to the terms and conditions of this Section 5. 
 (b) Until the Discharge of Revolving Loan Debt has occurred, Revolving Loan Agent shall be entitled to deal with the Pledged Collateral constituting Revolving Loan Priority Collateral in accordance with
the terms of the Revolving Loan Documents. The rights of Term Loan Agent to such Pledged Collateral shall at all times be subject to the terms of this Agreement and to Revolving Loan Agent’s rights under the Revolving Loan Documents. Until the
Discharge of Term Loan Debt has occurred, Term Loan Agent shall be entitled to deal with the Pledged Collateral constituting Term Loan Priority Collateral in accordance with the terms of the Term Loan Documents. The rights of Revolving Loan Agent to
such Pledged Collateral shall at all times be subject to the terms of this Agreement and to Term Loan Agent’s rights under the Term Loan Documents. 
 (c) Each Agent shall have no obligation whatsoever to the other Agent or any other Secured Party to assure that the Pledged Collateral is genuine or owned by any of the Grantors or to preserve rights or
benefits of any Person except as expressly set forth in this Section 5. The duties or responsibilities of each Agent under this Section 5 shall be limited solely to holding the Pledged Collateral as bailee and agent for and
on behalf of the other Agent for purposes of perfecting the Lien held by the other Agent. 
 (d) Each Agent shall not have by
reason of the Revolving Loan Documents, the Term Loan Documents or this Agreement or any other document a fiduciary relationship in respect of the other Agent or any of the other Secured Parties and shall not have any liability to the other Agent or
any other Secured Party in connection with its holding the Pledged Collateral, other than for its gross negligence or willful misconduct as determined by a final, non-appealable order of a court of competent jurisdiction. 

  
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 5.2 Transfer of Pledged Collateral. 

(a) Upon the Discharge of Revolving Loan Debt, to the extent permitted under applicable law, upon the request of Term Loan Agent,
Revolving Loan Agent shall, without recourse or warranty, transfer the possession and control of the Pledged Collateral, if any, then in its possession or control to Term Loan Agent, except in the event and to the extent (i) Revolving Loan
Agent or any other Revolving Loan Secured Party has retained or otherwise acquired such Pledged Collateral in full or partial satisfaction of any of the Revolving Loan Debt, (ii) such Pledged Collateral is sold or otherwise disposed of by
Revolving Loan Agent or any other Revolving Loan Secured Party or by a Grantor as provided herein or (iii) it is otherwise required by any order of any court or other governmental authority or applicable law or would result in the risk of
liability of Revolving Loan Secured Party to any third party. In connection with any transfer described in the immediately preceding sentence to Term Loan Agent, Revolving Loan Agent agrees to take reasonable actions in its power (with all costs and
expenses in connection therewith to be for the account of Term Loan Agent and to be paid by the Grantors) as shall be reasonably requested by Term Loan Agent to permit Term Loan Agent to obtain, for the benefit of the Term Loan Secured Parties, a
first priority security interest in the Pledged Collateral, including in connection with the terms of any Landlord Personal Property Collateral Access Agreement (as defined in the Revolving Loan Agreement), whether with a landlord, processor,
warehouse or other third party or any Deposit Account Control Agreements (as defined in the Revolving Loan Agreement), with respect to any such agreement delivered on or after the date hereof, Revolving Loan Agent shall notify the other parties
thereto that it is no longer the “Secured Party Representative”, “Agent Representative”, “Lender Representative” or otherwise entitled to act under such agreement and shall confirm to such parties that Term Loan Agent
is thereafter the “Secured Party Representative”, “Agent Representative”, “Lender Representative” as any of such terms are used in any such agreement and is otherwise entitled to the rights of the secured party under
such agreement. The foregoing provision shall not impose on Revolving Loan Agent or any other Revolving Loan Secured Party any obligations which would conflict with prior perfected claims therein in favor of any other person or any order or decree
of any court or other governmental authority or any applicable law. 
 (b) Upon the Discharge of Term Loan Debt, to the extent
permitted under applicable law, upon the request of Revolving Loan Agent, Term Loan Agent shall, without recourse or warranty, transfer the possession and control of the Pledged Collateral, if any, then in its possession or control to Revolving Loan
Agent, except in the event and to the extent (i) Term Loan Agent or any other Term Loan Secured Party has retained or otherwise acquired such Pledged Collateral in full or partial satisfaction of any of the Term Loan Debt, (ii) such
Pledged Collateral is sold or otherwise disposed of by Term Loan Agent or any other Term Loan Secured Party or by a Grantor as provided herein or (iii) it is otherwise required by any order of any court or other governmental authority or
applicable law or would result in the risk of liability of Term Loan Secured Party to any third party. In connection with any transfer described in the immediately preceding sentence to Revolving Loan Agent, Term Loan Agent agrees to take reasonable
actions in its power (with all costs and expenses in connection therewith to be for the account of Revolving Loan Agent and to be paid by Grantors) as shall be reasonably requested by Revolving Loan Agent to permit Revolving Loan Agent to obtain,
for the benefit of the Revolving Loan Secured Parties, a first priority security interest in the Pledged Collateral. The foregoing provision shall not impose on Term Loan Agent or any other Term Loan Secured Party any obligations which would
conflict with prior perfected claims therein in favor of any other person or any order or decree of any court or other governmental authority or any applicable law. 

  
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 (c) Each Grantor acknowledges and agrees to the delivery or transfer of control by
Revolving Loan Agent to Term Loan Agent, and by Term Loan Agent to Revolving Loan Agent of any such Pledged Collateral and waives and releases Revolving Loan Agent and the other Revolving Secured Parties, and Term Loan Agent and the other Term Loan
Secured Parties, from any liability as a result of such action. 
 Section 6. Insolvency Proceedings 

6.1 General Applicability. This Agreement shall be applicable both before and after the commencement of any Insolvency Proceeding
involving any Grantor, including, without limitation, the filing of any petition by or against any Grantor under the Bankruptcy Code or under any other Bankruptcy Law and all converted or subsequent cases in respect thereof, and all references
herein to any Grantor shall be, to the extent required, deemed to apply to the trustee for such Grantor and such Grantor as debtor-in-possession. The relative rights of the Revolving Loan Secured Parties and the Term Loan Secured Parties in or to
any distributions from or in respect of any Shared Collateral or Proceeds therefrom shall continue after the commencement of any Insolvency Proceeding involving any Grantor, including, without limitation, the filing of any petition by or against any
Grantor under the Bankruptcy Code or under any other Bankruptcy Law and all converted cases and subsequent cases, on the same basis as prior to the date of such commencement, subject to any court order approving the financing of, or use of Revolving
Loan Cash Collateral or Term Loan Cash Collateral by, any Grantor as debtor-in-possession, or any other court order affecting the rights and interests of the parties hereto not in conflict with this Agreement. This Agreement shall constitute a
subordination agreement for the purposes of Section 510(a) of the Bankruptcy Code and shall be enforceable in any Insolvency Proceeding in accordance with its terms. 
 6.2 Use of Cash Collateral; Bankruptcy Financing. 
 (a) If any Insolvency
Proceeding commences with respect to any Grantor, until the Discharge of Revolving Loan Debt has occurred, Term Loan Agent, for itself and on behalf of the other Term Loan Secured Parties, agrees that each Term Loan Secured Party will (A) raise
no objection to, nor support any other Person objecting to, and will be deemed to have consented to, the use of any Revolving Loan Priority Collateral constituting cash collateral under Section 363 of the Bankruptcy Code, or any comparable
provision of any other Bankruptcy Law (“Revolving Loan Cash Collateral”), or any post-petition financing under Section 364 of the Bankruptcy Code, or any comparable provision of any other Bankruptcy Law, whether provided by any
Revolving Loan Secured Party or other Person, but in each case to the extent approved for such purpose by Revolving Loan Agent (a “Revolving Loan DIP Financing”), (B) will not request or accept adequate protection or any other
relief in connection with the use of such Revolving Loan Cash Collateral or such Revolving Loan DIP Financing except as set forth in Section 6.4 below, and (C) will subordinate (and will be deemed hereunder to have subordinated),
and, except as otherwise permitted hereunder, will refrain from taking any action pursuant to or in respect of, the Liens of Term Loan Agent or any other Term Loan Secured Parties on the Revolving Loan Priority Collateral (but not the Term Loan
Priority 

  
 28 

 
Collateral) to (x) the Liens on the Revolving Loan Priority Collateral pursuant to such Revolving Loan DIP Financing, (y) any adequate protection provided to the Revolving Loan Secured
Parties and (z) any professional fee and U.S. trustee fee “carve-out” consented to in writing by Revolving Loan Agent to be paid prior to the Discharge of Revolving Loan Debt, in each case, on the same terms as the Liens of the Term
Loan Secured Parties are subordinated to the Liens of the Revolving Loan Secured Parties with respect to the Revolving Loan Priority Collateral (and such subordination will not alter in any manner the terms of this Agreement); provided,
that: 
 (i) Revolving Loan Agent does not oppose or object to such use of cash collateral or Revolving
Loan DIP Financing, 
 (ii) the aggregate principal amount of the Revolving Loan DIP Financing plus the
aggregate outstanding principal amount of loans and letters of credit included in the Revolving Loan Debt shall not at any time exceed an amount equal to 110% of the stated aggregate commitments under the Revolving Loan Documents as in effect
immediately before the commencement of such Insolvency Proceeding, 
 (iii) the Term Loan Secured Parties retain
a Lien on the Shared Collateral (including Proceeds thereof arising after the commencement of such proceeding) with the same priority relative to the Liens on such Shared Collateral of Revolving Loan Agent as existed prior to the commencement of the
case under the Bankruptcy Code or other Bankruptcy Law (junior in priority to the Liens securing such Revolving Loan DIP Financing and the existing Liens in favor of the Revolving Loan Agent on the Revolving Loan Priority Collateral but senior to
the Liens of the Revolving Loan Agent (and the Liens securing the Revolving Loan DIP Financing) on the Term Loan Priority Collateral to the same extent as provided under Section 2.2), 

(iv) Term Loan Agent receives, as security for the Term Loan Debt, additional or replacement Liens on all post-petition
assets of any Grantor which are subject to an additional or replacement Lien to secure the Revolving Loan DIP Financing with same priority relative to the Liens of Revolving Loan Agent as existed prior to the commencement of such Insolvency
Proceeding to the extent Term Loan Agent seeks such Liens and is entitled to such additional or replacement Liens under the Bankruptcy Code or other applicable Bankruptcy Law, 

(v) such Revolving Loan DIP Financing or use of Revolving Loan Cash Collateral is subject to the terms of this Agreement,

 (vi) the Term Loan Agent retains the right to object to any ancillary agreements or arrangements regarding
the use of Revolving Loan Cash Collateral or the Revolving Loan DIP Financing that require a specific treatment of a claim in respect of the Term Loan Debt for purposes of a plan of reorganization or are materially adverse to the Term Loan Agent and
the other Term Loan Secured Parties or contravene the terms of this Agreement in any material respect (provided, that, in no event shall the foregoing be construed to give rise to the right to object to any of the rights and remedies that are
customary for Revolving Loan Agent to receive as part of any order with respect to the use of Revolving Loan Cash Collateral or any such Revolving Loan DIP Financing), and 

  
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 (vii) such Revolving Loan DIP Financing or use of Revolving Loan Cash
Collateral is on commercially reasonable terms, taken as a whole, based on then prevailing market conditions for such financings. 
 (b) If any Insolvency Proceeding commences with respect to any Grantor, until the Discharge of Term Loan Debt has occurred, Revolving Loan Agent, for itself and on behalf of the other Revolving Loan
Secured Parties, agrees that each Revolving Loan Secured Party will (A) raise no objection to, nor support any other Person objecting to, and will be deemed to have consented to, the use of any Term Loan Priority Collateral constituting cash
collateral under Section 363 of the Bankruptcy Code, or any comparable provision of any other Bankruptcy Law (“Term Loan Cash Collateral”), or any post-petition financing under Section 364 of the Bankruptcy Code, or any
comparable provision of any other Bankruptcy Law, whether provided by any Term Loan Secured Party or other Person, but in each case to the extent approved for such purpose by Term Loan Agent (a “Term Loan DIP Financing”),
(B) will not request or accept adequate protection or any other relief in connection with the use of such Term Loan Cash Collateral or such Term Loan DIP Financing except as set forth in Section 6.4 below, and (C) will
subordinate (and will be deemed hereunder to have subordinated), and, except as otherwise permitted hereunder, will refrain from taking any action pursuant to or in respect of, the Liens of Revolving Loan Agent or any other Revolving Loan Secured
Parties on the Term Loan Priority Collateral (but not the Revolving Loan Priority Collateral) to (x) the Liens on the Term Loan Priority Collateral pursuant to such Term Loan DIP Financing, (y) any adequate protection provided to the Term
Loan Secured Parties and (z) any professional fee and U.S. trustee fee “carve-out” consented to in writing by Term Loan Agent to be paid prior to the Discharge of Term Loan Debt, in each case, on the same terms as the Liens of the
Revolving Loan Secured Parties are subordinated to the Liens of the Term Loan Secured Parties with respect to the Term Loan Priority Collateral (and such subordination will not alter in any manner the terms of this Agreement); provided,
that: 
 (i) Term Loan Agent does not oppose or object to such use of cash collateral or Term Loan DIP
Financing, 
 (ii) the aggregate principal amount of the Term Loan DIP Financing plus the aggregate outstanding
principal amount of Term Loan Debt shall not at any time exceed 110% of the aggregate principal amount of loans included in the Term Loan Debt outstanding immediately before the commencement of such Insolvency Proceeding, 

(iii) the Revolving Loan Secured Parties retain a Lien on the Shared Collateral (including Proceeds thereof arising after
the commencement of such proceeding) with the same priority relative to the Liens on such Shared Collateral of Term Loan Agent as existed prior to the commencement of the case under the Bankruptcy Code or other Bankruptcy Law (junior in priority to
the Liens securing such Term Loan DIP Financing and the existing Liens in favor of the Term Loan Agent on the Term Loan Priority Collateral but senior to the Liens of the Term Loan Agent (and the Liens securing the Term Loan DIP Financing) on the
Revolving Loan Priority Collateral to the same extent as provided under Section 2.2), 

  
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 (iv) Revolving Loan Agent receives, as security for the Revolving Loan
Debt, additional or replacement Liens on all post-petition assets of any Grantor which are subject to an additional or replacement Lien to secure the Term Loan DIP Financing with same priority relative to the Liens of Term Loan Agent as existed
prior to the commencement of such Insolvency Proceeding to the extent Revolving Loan Agent seeks such Liens and is entitled to such additional or replacement Liens under the Bankruptcy Code or other applicable Bankruptcy Law, 

(v) such Term Loan DIP Financing or use of Term Loan Cash Collateral is subject to the terms of this Agreement,

 (vi) the Revolving Loan Agent retains the right to object to any ancillary agreements or arrangements
regarding the use of Term Loan Cash Collateral or the Term Loan DIP Financing that require a specific treatment of a claim in respect of the Revolving Loan Debt for purposes of a plan of reorganization or are materially adverse to the Revolving Loan
Agent and the other Revolving Loan Secured Parties or contravene the terms of this Agreement in any material respect (provided that, in no event shall the foregoing be construed to give rise to the right to object to any of the rights and
remedies that are customary for Term Loan Agent to receive as part of any order with respect to the use of Term Loan Cash Collateral or any such Term Loan DIP Financing), 

(vii) such Term Loan DIP Financing or use of Term Loan Cash Collateral is on commercially reasonable terms, taken as a
whole, based on then prevailing market conditions for such financings. 
 (c) Neither the Revolving Loan Agent nor any Revolving
Loan Secured Party shall, directly or indirectly, provide, or seek to provide, or support any other person providing or seeking to provide, the use of Revolving Loan Cash Collateral or Revolving Loan DIP Financing secured by Liens equal or senior in
priority to the Liens on the Term Loan Priority Collateral (including any assets or property arising after the commencement of an Insolvency Proceeding) of the Term Loan Agent, and neither the Term Loan Agent nor any Term Loan Secured Party, shall,
directly or indirectly, provide, or seek to provide, or support any other person providing or seeking to provide, the use of Term Loan Cash Collateral or Term Loan DIP Financing secured by Liens equal or senior in priority to the Liens on the
Revolving Loan Priority Collateral (including any assets or property arising after the commencement of any Insolvency Proceeding) of the Revolving Loan Agent. 
 6.3 Relief from the Automatic Stay. 
 (a) So long as the Discharge of
Revolving Loan Debt has not occurred, neither the Term Loan Agent nor any of the Term Loan Secured Parties will seek relief from the automatic stay in any Insolvency Proceeding in respect of any part of the Revolving Loan Priority Collateral, any
Proceeds thereof or any Lien thereon securing any of the Term Loan Debt; provided, however, that in the event that any or all of the Revolving Loan Agent and the 

  
 31 

 
Revolving Loan Secured Parties are seeking or have obtained relief from the automatic stay with respect to any Revolving Loan Priority Collateral, any or all of the Term Loan Agent and Term Loan
Secured Parties may seek corresponding relief from the automatic stay with respect to such Revolving Loan Priority Collateral and, upon obtaining such relief, may join in any foreclosure or other enforcement action commenced by any of the Revolving
Loan Secured Parties against any Revolving Loan Priority Collateral (even if the Term Loan Standstill Period has not expired) so long as the Term Loan Agent and/or Term Loan Secured Parties do not hinder, delay or interfere with either the efforts
by the Revolving Loan Agent and/or Revolving Loan Secured Parties to obtain relief from the automatic stay with respect to such Revolving Loan Priority Collateral or to exercise any rights or remedies against such Revolving Loan Priority Collateral.

 (b) So long as the Discharge of Term Loan Debt has not occurred, neither the Revolving Loan Agent nor any of the Revolving
Loan Secured Parties will seek any relief from the automatic stay in any Insolvency Proceeding in respect of any part of the Term Loan Priority Collateral, any Proceeds thereof or any Lien thereon securing any of the Revolving Loan Debt;
provided, however, that in the event that any or all of the Term Loan Agent and the Term Loan Secured Parties are seeking or have obtained relief from the automatic stay with respect to any Term Loan Priority Collateral, any or all of
the Revolving Loan Agent and Revolving Loan Secured Parties may seek corresponding relief from the automatic stay with respect to such Term Loan Priority Collateral and, upon obtaining such relief, may join in any foreclosure or other enforcement
action commenced by any of the Term Loan Secured Parties against any Term Loan Priority Collateral (even if the Revolving Loan Standstill Period has not expired) so long as the Revolving Loan Agent and/or Revolving Loan Secured Parties do not
hinder, delay or interfere with either the efforts by the Term Loan Agent and/or Term Secured Parties to obtain relief from the automatic stay with respect to such Term Loan Priority Collateral or to exercise any rights or remedies against such Term
Loan Priority Collateral. 
 6.4 Adequate Protection. 

(a) (i) The Term Loan Agent, on behalf of itself and the other Term Loan Secured Parties, agrees that none of them shall contest (or
support any other Person contesting): 
 (A) any request by the Revolving Loan Agent or the other Revolving Loan
Secured Parties for adequate protection in accordance with Section 6.4(e); or 
 (B) any objection
by the Revolving Loan Agent or the other Revolving Loan Secured Parties to any motion, relief, action or proceeding based on the Revolving Loan Agent or the other Revolving Loan Secured Parties claiming a lack of adequate protection with respect to
Liens in Revolving Loan Priority Collateral to the extent not inconsistent with the other terms of this Agreement. 
 (ii) The Revolving Loan Agent, on behalf of itself and the other Revolving Loan Secured Parties, agrees that none of them shall contest (or support any other Person contesting): 

  
 32 

 (A) any request by the Term Loan Agent or the other Term Loan Secured
Parties for adequate protection in accordance with Section 6.4(d); or 
 (B) any objection by the
Term Loan Agent or the other Term Loan Secured Parties to any motion, relief, action or proceeding based on the Term Loan Agent or the other Term Loan Secured Parties claiming a lack of adequate protection with respect to Liens in Term Loan Priority
Collateral to the extent not inconsistent with the other terms of this Agreement. 
 (b) Notwithstanding anything to the
contrary in Section 6.3(a), in any Insolvency Proceeding: 
 (i) if any or all of the Revolving Loan
Secured Parties are granted adequate protection in the form of additional collateral in connection with any use of Revolving Loan Cash Collateral or other Revolving Loan Priority Collateral or a Revolving Loan DIP Financing and such additional
collateral is the type of asset or property that would constitute Revolving Loan Priority Collateral, then (A) the Term Loan Agent, on behalf of itself or any of the Term Loan Secured Parties, may seek or request adequate protection in the form
of a Lien on such additional collateral, which Lien will be subordinated to the Liens securing the Revolving Loan Debt and any Revolving Loan DIP Financing (and all obligations relating thereto) on the same basis as the other Liens on Revolving Loan
Priority Collateral securing the Term Loan Debt are so subordinated to the Liens on Revolving Loan Priority Collateral securing the Revolving Loan Debt under this Agreement and (B) subject to clause (ii) below, the Revolving Loan
Agent, on behalf of itself and the other Revolving Loan Secured Parties, agrees that none of them shall contest (or support any other Person contesting) (1) any request by the Term Loan Agent or any other Term Loan Secured Party for adequate
protection pursuant to the preceding clause (A) or (2) any objection to any motion, relief, action or proceeding, which objection is in support of a request for adequate protection pursuant to the preceding clause (A); and

 (ii) in the event the Term Loan Agent, on behalf of itself or any other Term Loan Secured Parties, seeks or
requests adequate protection in respect of Term Loan Debt and such adequate protection is granted in the form of additional collateral of a type of asset or property that would constitute Revolving Loan Priority Collateral, then the Term Loan Agent,
on behalf of itself and the other Term Loan Secured Parties, agrees that the Revolving Loan Agent shall also be granted a Lien on such additional collateral as security for the Revolving Loan Debt and any Revolving Loan DIP Financing and that any
Lien on such additional collateral securing the applicable Term Loan Debt shall be subordinated to the Lien on such collateral securing the Revolving Loan Debt or any Revolving Loan DIP Financing (and all obligations relating thereto) and to any
other Liens granted to the Revolving Loan Secured Parties as adequate protection on the same basis as the other Liens on Revolving Priority Collateral securing the Term Loan Debt are so subordinated to the Liens on Revolving Loan Priority Collateral
securing the Revolving Loan Debt under this Agreement. 

  
 33 

 (iii) if any or all of the Term Loan Secured Parties are granted adequate
protection in the form of additional collateral in connection with any use of Term Loan Cash Collateral or other Term Loan Priority Collateral or a Term Loan DIP Financing and such additional collateral is the type of asset or property that would
constitute Term Loan Priority Collateral, then (A) the Revolving Loan Agent, on behalf of itself or any of the Revolving Loan Secured Parties, may seek or request adequate protection in the form of a Lien on such additional collateral, which
Lien will be subordinated to the Liens securing the Term Loan Debt and any Term Loan DIP Financing (and all obligations relating thereto) on the same basis as the other Liens on Term Loan Priority Collateral securing the Revolving Loan Debt are so
subordinated to the Liens on Term Loan Priority Collateral securing the Term Loan Debt under this Agreement and (B) subject to clause (iv) below, the Term Loan Agent, on behalf of itself and the other Term Loan Secured Parties,
agrees that none of them shall contest (or support any other Person contesting) (1) any request by the Revolving Loan Agent or any other Revolving Loan Secured Party for adequate protection pursuant to the preceding clause (A) or
(2) any objection to any motion, relief, action or proceeding, which objection is in support of a request for adequate protection pursuant to the preceding clause (A); and 

(iv) in the event the Revolving Loan Agent, on behalf of itself or any other Revolving Loan Secured Parties, seeks or
requests adequate protection in respect of Revolving Loan Debt and such adequate protection is granted in the form of additional collateral of a type of asset or property that would constitute Term Loan Priority Collateral, then the Revolving Loan
Agent, on behalf of itself and the other Revolving Loan Secured Parties, agrees that the Term Loan Agent shall also be granted a Lien on such additional collateral as security for the Term Loan Debt and any Term Loan DIP Financing and that any Lien
on such additional collateral securing the applicable Revolving Loan Debt shall be subordinated to the Lien on such collateral securing the Term Loan Debt or any Term Loan DIP Financing (and all obligations relating thereto) and to any other Liens
granted to the Term Loan Secured Parties as adequate protection on the same basis as the other Liens on Term Priority Collateral securing the Revolving Loan Debt are so subordinated to the Liens on Term Loan Priority Collateral securing the Term
Loan Debt under this Agreement. 
 (c) Except as otherwise provided in this Section 6.4, (A) no Revolving Loan
Secured Party may seek or assert any right it may have for adequate protection of its interest in the Term Loan Priority Collateral without the prior written consent of the requisite Term Loan Lenders under the Term Loan Agreement, and (B) no
Term Loan Secured Party may seek or assert any right it may have for adequate protection of its interest in the Revolving Loan Priority Collateral without the written consent of the requisite Revolving Loan Lenders under the Revolving Loan
Agreement. 
 (d) Term Loan Agent and the other Term Loan Secured Parties may seek any form of adequate protection, and the
Revolving Loan Agent or any other Revolving Loan Secured Party may contest the seeking or granting of any such adequate protection, except that neither Revolving Loan Agent nor any other Revolving Loan Secured Party shall contest (or support any
other Person in contesting) any request by the Term Loan Agent or any other Term Loan Secured Party:

  
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 (i) to obtain adequate protection in the form of the benefit of additional
or replacement Liens on the Shared Collateral (including Proceeds thereof arising after the commencement of any Insolvency Proceeding), or additional or replacement collateral to secure the Term Loan Debt, in connection with any use of Term Loan
Cash Collateral or any other Term Loan Priority Collateral or any Term Loan DIP Financing or use of Revolving Loan Cash Collateral or any other Revolving Loan Priority Collateral or any Revolving Loan DIP Financing as provided for in
Section 6.2 above, 
 (ii) to obtain adequate protection in the form of the benefit of additional or
replacement Liens on the Shared Collateral (including Proceeds thereof arising after the commencement of any Insolvency Proceeding), or additional or replacement collateral to secure the Term Loan Debt, in connection with any such protection
obtained by Revolving Loan Agent and the other Revolving Loan Secured Parties, so long as in each case, Revolving Loan Agent is also granted such additional or replacement Liens or additional or replacement collateral and such Liens of Term Loan
Agent or any other Term Loan Secured Party are subordinated to the Liens securing the Revolving Loan Debt to the same extent as the Liens of Term Loan Agent and the other Term Loan Secured Parties on the Shared Collateral are subordinated to the
Liens of Revolving Loan Agent and the other Revolving Loan Secured Parties hereunder, 
 (iii) to obtain
adequate protection in the form of reports, notices, inspection rights and similar forms of adequate protection to the extent granted to Revolving Loan Agent, and 

(iv) to obtain an administrative expense claim and/or a superpriority administrative expense claim so long as the
Revolving Loan Secured Parties are also granted as adequate protection an administrative expense claim and/or a superpriority administrative expense claim; provided that the administrative expense claims and/or a superpriority administrative
expense claims granted to the Term Loan Secured Parties and the Revolving Loan Secured Parties shall be pari passu. 

(e) Revolving Loan Agent and the other Revolving Loan Secured Parties may seek any form of adequate protection, and the Term Loan Agent
or any other Term Loan Secured Party may contest the seeking or granting of any such adequate protection, except that neither Term Loan Agent nor any other Term Loan Secured Party shall contest (or support any other Person in contesting) any request
by the Revolving Loan Agent or any other Revolving Loan Secured Party: 
 (i) to obtain adequate protection in
the form of the benefit of additional or replacement Liens on the Shared Collateral (including Proceeds thereof arising after the commencement of any Insolvency Proceeding), or additional or replacement collateral to secure the Revolving Loan Debt,
in connection with any use of Revolving Loan Cash Collateral or any other Revolving Loan Priority Collateral or any Revolving Loan DIP Financing or use of Term Loan Cash Collateral or any other Term Loan Priority Collateral or any Term Loan DIP
Financing as provided for in Section 6.2 above, 

  
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 (ii) to obtain adequate protection in the form of the benefit of additional
or replacement Liens on the Shared Collateral (including Proceeds thereof arising after the commencement of any Insolvency Proceeding), or additional or replacement collateral to secure the Revolving Loan Debt, in connection with any such protection
obtained by Term Loan Agent and the other Term Loan Secured Parties, so long as in each case, Term Loan Agent is also granted such additional or replacement Liens or additional or replacement collateral and such Liens of Revolving Loan Agent or any
other Revolving Loan Secured Party are subordinated to the Liens securing the Term Loan Debt to the same extent as the Liens of Revolving Loan Agent and the other Revolving Loan Secured Parties on the Shared Collateral are subordinated to the Liens
of Term Loan Agent and the other Term Loan Secured Parties hereunder, 
 (iii) to obtain adequate protection in
the form of reports, notices, inspection rights and similar forms of adequate protection to the extent granted to Term Loan Agent, and 
 (iv) to obtain an administrative expense claim and/or a superpriority administrative expense claim so long as the Term Loan Secured Parties are also granted as adequate protection an administrative
expense claim and/or a superpriority administrative expense claim; provided that the administrative expense claims and/or a superpriority administrative expense claims granted to the Term Loan Secured Parties and the Revolving Loan Secured
Parties shall be pari passu. 
 6.5 Reorganization Securities. If, in any Insolvency Proceeding, debt obligations
of any reorganized Grantor secured by Liens upon any property of such reorganized Grantor are distributed, pursuant to a plan of reorganization, on account of both the Revolving Loan Debt and the Term Loan Debt, then, to the extent the debt
obligations distributed on account of the Revolving Loan Debt and on account of the Term Loan Debt are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations
pursuant to such plan and will apply with like effect to the Liens securing such debt obligations. 
 6.6 Separate Grants of
Security and Separate Classes. Each of the parties hereto irrevocably acknowledges and agrees that (a) the claims and interests of the Revolving Loan Secured Parties and the Term Loan Secured Parties are not “substantially
similar” within the meaning of Section 1122 of the Bankruptcy Code, or any comparable provision of any other Bankruptcy Law, (b) the grants of the Liens to secure the Revolving Loan Debt and the grants of the Liens to secure the Term
Loan Debt constitute two separate and distinct grants of Liens, (c) the Revolving Loan Secured Parties’ rights in the Shared Collateral are fundamentally different from the Term Loan Secured Parties’ rights in the Shared Collateral
and (d) as a result of the foregoing, among other things, the Revolving Loan Debt and the Term Loan Debt must be separately classified in any plan of reorganization proposed or adopted in any Insolvency Proceeding. 

  
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 6.7 Asset Dispositions. 

(a) Until the Discharge of Revolving Loan Debt has occurred, the Term Loan Agent, for itself and on behalf of the other Term Loan Secured
Parties, agrees that, in the event of any Insolvency Proceeding, the Term Loan Secured Parties will not object or oppose (or support any Person in objecting or opposing) other than in its capacity as an unsecured creditor any motion for any
Disposition of any Revolving Loan Priority Collateral free and clear of the Liens of Term Loan Agent and the other Term Loan Secured Parties or other claims under Sections 363, 365 or 1129 of the Bankruptcy Code, or any comparable provision of any
Bankruptcy Law, and shall be deemed to have consented to any such Disposition of any Revolving Loan Priority Collateral under Section 363(f) of the Bankruptcy Code that has been consented to by the Revolving Loan Agent; provided,
that, the Proceeds of such Disposition of any Shared Collateral to be applied to the Revolving Loan Debt or the Term Loan Debt are applied in accordance with Sections 4.1 and 4.2. 

(b) Until the Discharge of Term Loan Debt has occurred, the Revolving Loan Agent, for itself and on behalf of the other Revolving Loan
Secured Parties, agrees that, in the event of any Insolvency Proceeding, the Revolving Loan Secured Parties will not object or oppose (or support any Person in objecting or opposing) other than in its capacity as an unsecured creditor any motion for
any Disposition of any Term Loan Priority Collateral free and clear of the Liens of Revolving Loan Agent and the other Revolving Loan Secured Parties or other claims under Sections 363, 365 or 1129 of the Bankruptcy Code, or any comparable provision
of any Bankruptcy Law, and shall be deemed to have consented to any such Disposition of any Term Loan Priority Collateral under Section 363(f) of the Bankruptcy Code that has been consented to by the Term Loan Agent; provided,
that, the Proceeds of such Disposition of any Shared Collateral to be applied to the Revolving Loan Debt or the Term Loan Debt are applied in accordance with Sections 4.1 and 4.2. 

(c) If such sale of Collateral includes both Revolving Loan Priority Collateral and Term Loan Priority Collateral, and if the Agents are
unable after negotiating in good faith to agree on the allocation of the purchase price between the Revolving Loan Priority Collateral and Term Loan Priority Collateral, either Agent may apply to the court in such Insolvency Proceeding to make a
determination of such allocation, and the court’s determination shall be binding upon the Agents. 
 (d) The Term Loan
Secured Parties agree that the Revolving Loan Secured Parties shall have the right to credit bid under Section 363(k) of the Bankruptcy Code with respect to, or otherwise object to any Disposition of, the Revolving Loan Priority Collateral, and
the Revolving Loan Secured Parties agree that the Term Loan Secured Parties shall have the right to credit bid under Section 363(k) of the Bankruptcy Code with respect to, or otherwise object to any Disposition of, the Term Loan Priority
Collateral; provided, that, the Secured Parties shall not be deemed to have agreed to any credit bid by other Secured Parties in connection with the Disposition of Shared Collateral consisting of both Term Loan Priority Collateral and
Revolving Loan Priority Collateral. The Term Loan Agent, for itself and on behalf of the other Term Loan Secured Parties, agrees that, so long as the Discharge of Revolving Loan Debt has not occurred or will not occur concurrently with the
consummation of such credit bid, no Term Loan Secured Party shall, without the prior written consent of the 

  
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Revolving Loan Agent, credit bid under Section 363(k) of the Bankruptcy Code with respect to the Revolving Loan Priority Collateral. The Revolving Loan Agent, for itself and on behalf of the
other Revolving Loan Secured Parties, agrees that, so long as the Discharge of Term Loan Debt has not occurred or will not occur concurrently with the consummation of such credit bid, no Revolving Loan Secured Party shall, without the prior written
consent of the Term Loan Agent, credit bid under Section 363(k) of the Bankruptcy Code with respect to the Term Loan Priority Collateral. 
 6.8 Certain Waivers as to Section 1111(b)(2) of Bankruptcy Code. Term Loan Agent, for itself and on behalf of the other Term Loan Secured Parties, waives any claim any Term Loan Secured Party
may hereafter have against any Revolving Loan Secured Party arising out of the election by any Revolving Loan Secured Party of the application of Section 1111(b)(2) of the Bankruptcy Code, or any comparable provision of any other Bankruptcy
Law. The Revolving Loan Secured Parties waive any claim they may hereafter have against any Term Loan Secured Party arising out of the election by any Term Loan Secured Party of the application of Section 1111(b)(2) of the Bankruptcy Code or
any comparable provision of any other Bankruptcy Law. 
 6.9 Avoidance Issues. If any Revolving Loan Secured Party is
required in any Insolvency Proceeding or otherwise to turn over or otherwise pay to the estate of any Grantor or any other person any amount (any such amount, a “Revolving Loan Recovery”), then the Revolving Loan Debt shall be
reinstated to the extent of such Revolving Loan Recovery and the Revolving Loan Secured Parties shall be entitled to a Discharge of Revolving Loan Debt with respect to all such recovered amounts. If any Term Loan Secured Party is required in any
Insolvency Proceeding or otherwise to turn over or otherwise pay to the estate of any Grantor or any other person any amount (any such amount, a “Term Loan Recovery”), then the Term Loan Debt shall be reinstated to the extent of
such Term Loan Recovery and the Term Loan Secured Parties shall be entitled to a Discharge of Term Loan Debt with respect to all such recovered amounts. If this Agreement shall have been terminated prior to any Revolving Loan Recovery or Term Loan
Recovery, this Agreement shall be reinstated in full force and effect, and such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties hereto from such date of reinstatement. 

6.10 Other Bankruptcy Laws. In the event that an Insolvency Proceeding is filed in a jurisdiction other than the United States or
is governed by any Bankruptcy Law other than the Bankruptcy Code, each reference in this Agreement to a section of the Bankruptcy Code shall be deemed to refer to the substantially similar or corresponding provision of the Bankruptcy Law applicable
to such Insolvency Proceeding, or, in the absence of any specific similar or corresponding provision of Bankruptcy Law, such other general Bankruptcy Law as may be applied in order to achieve substantially the same result as would be achieved under
each applicable section of the Bankruptcy Code. 
 Section 7. Term Loan Lenders’ Purchase Option 

7.1 Exercise of Option. On or after the occurrence and during the continuance of Revolving Loan Event of Default and the
acceleration of all of the Revolving Loan Debt or the commencement of an Insolvency Proceeding as to Grantors (each a “Term Loan Purchase 

  
 38 

 
Event”), one or more of the Term Loan Secured Parties (the “Purchasing Term Loan Secured Parties”) shall have the option for a period of ten (10) Business Days
after a Term Loan Purchase Event, upon five (5) Business Days’ prior written notice by Term Loan Agent to Revolving Loan Agent in accordance with Section 7.3, to purchase all (but not less than all) of the Revolving Loan Debt
from the Revolving Loan Secured Parties and to assume all of the commitments and duties of the Revolving Loan Secured Parties. Such notice from Term Loan Agent to Revolving Loan Agent shall be irrevocable. The obligations of Revolving Loan Secured
Parties hereunder to sell the Revolving Loan Debt owing to them are several and not joint and several. Each Grantor irrevocably consents to such sale. 
 7.2 Pro Rata Offer. The Term Loan Secured Parties agree, solely as among themselves, that upon the occurrence of any Term Loan Purchase Event, the Term Loan Agent shall send a notice to all Term
Loan Secured Parties giving each Term Loan Secured Party the option to purchase at least its pro rata share of the Revolving Loan Debt. No Term Loan Secured Party shall be required to participate in any purchase offer hereunder, and each Term Loan
Secured Party acknowledges and agrees that a purchase offer may be made by any or all of the Term Loan Secured Parties, subject to the requirements of the preceding sentence. The provisions of this Section 7.2 are intended solely for the
benefit of the Term Loan Secured Parties and may be modified, amended or waived by them without the approval of any Grantor, any Revolving Loan Secured Party, or otherwise. 
 7.3 Purchase and Sale. On the date specified by Term Loan Agent in such notice (which shall not be less than five (5) Business Days, nor more than twenty (20) days, after the receipt by
Revolving Loan Agent of the notice from Term Loan Agent of its election to exercise such option), Revolving Loan Secured Parties shall, subject to any required approval of any court or other regulatory or governmental authority then in effect, if
any, sell to such of the Purchasing Term Loan Secured Parties as are specified in the notice from Term Loan Agent of its election to exercise such option, and such Purchasing Term Loan Secured Parties shall purchase from Revolving Loan Secured
Parties, all of the Revolving Loan Debt. Notwithstanding anything to the contrary contained herein, in connection with any such purchase and sale, Revolving Loan Secured Parties shall retain all rights under the Revolving Loan Documents to be
indemnified or held harmless by Grantors in accordance with the terms thereof. In connection with any such purchase and sale, each Revolving Loan Lender and each Purchasing Term Loan Secured Party shall execute and deliver an assignment and
acceptance agreement, in form reasonably acceptable to all parties thereto, pursuant to which, among other things, each Revolving Loan Lender shall assign to the Purchasing Term Loan Secured Parties such Revolving Loan Lender’s pro rata share
of the commitments and Revolving Loan Debt. Upon the consummation of such purchase and sale, Revolving Loan Agent shall resign as the “Administrative Agent” under the Revolving Loan Documents and upon the written request of Term Loan
Agent, and at the expense of Term Loan Secured Parties, shall execute and deliver all such documents and instruments reasonably requested by Term Loan Agent and/or Purchasing Term Loan Secured Parties to assign and transfer any Shared Collateral,
together with any and all rights under deposit account control agreements and collateral access agreements related to Shared Collateral, to the applicable successor Agent under the Revolving Loan Documents. 

  
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 7.4 Payment of Purchase Price. 

(a) Upon the date of such purchase and sale, the Purchasing Term Loan Secured Parties shall (i) pay to Revolving Loan Agent for the
account of the Revolving Loan Secured Parties as the purchase price therefor the full amount of all of the Revolving Loan Debt then outstanding and unpaid (including principal, interest, fees and expenses, and including reasonable attorneys’
fees and legal expenses), (ii) furnish cash collateral to Revolving Loan Agent in such amounts as Revolving Loan Agent determines is reasonably necessary to secure Revolving Loan Secured Parties in connection with any issued and outstanding
letters of credit, banker’s acceptances or similar instruments issued under the Revolving Loan Documents (but not in any event in an amount greater than one hundred five (105%) percent of the aggregate undrawn face amount of such letters
of credit, banker’s acceptances and similar instruments) and Revolving Loan Bank Product Obligations (or at the option of the Revolving Loan Secured Party with respect to such Revolving Loan Bank Product Obligations, terminate the applicable
Revolving Loan Hedging Obligations or cash management arrangements and make all payments pursuant thereto, as applicable) and in respect of indemnification obligations of Grantors under the Revolving Loan Documents as to matters or circumstances
known to Revolving Loan Secured Parties and disclosed in writing to Term Loan Agent (unless such disclosure is not permitted under applicable law) at the time of the purchase and sale which would reasonably be expected to result in any loss, cost,
damage or expense (including reasonable attorneys’ fees and legal expenses) to Revolving Loan Secured Parties, (iii) agree to reimburse Revolving Loan Secured Parties for any loss, cost, damage or expense (including reasonable
attorneys’ fees and legal expenses) in connection with any commissions, fees, costs or expenses related to any issued and outstanding letters of credit, banker’s acceptances and similar instruments as described above and any checks or
other payments provisionally credited to the Revolving Loan Debt, and/or as to which Revolving Loan Secured Parties have not yet received final payment and (iv) agree to indemnify and hold harmless the Revolving Loan Secured Parties from and
against any loss, liability, claim, damage or expense (including reasonable fees and expenses of legal counsel) arising out of any claim asserted by a third party in respect of the Revolving Loan Debt as a direct result of any acts by Term Loan
Agent or any other Term Loan Secured Party occurring after the date of the purchase and sale of the Revolving Loan Debt, to the extent found by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of
such Term Loan Secured Party. 
 (b) Such purchase price and cash collateral shall be remitted by wire transfer in federal funds
to such bank account of Revolving Loan Agent as Revolving Loan Agent may designate in writing to Term Loan Agent for such purpose. Interest shall be calculated to but excluding the Business Day on which such purchase and sale shall occur if the
amounts so paid by the Purchasing Term Loan Secured Parties to the bank account designated by Revolving Loan Agent are received in such bank account prior to 12:00 noon, New York City time and interest shall be calculated to and including such
Business Day if the amounts so paid by the Purchasing Term Loan Secured Parties to the bank account designated by Revolving Loan Agent are received in such bank account later than 12:00 noon, New York City time. 

7.5 Representations Upon Purchase and Sale. Such purchase and sale shall be expressly made without representation or warranty of
any kind by Revolving Loan Agent or any Revolving Loan Secured Party as to the Revolving Loan Debt or otherwise and without recourse to the Revolving Loan Secured Parties; except, that, each Revolving Loan Secured Party that is transferring such
Revolving Loan Debt shall represent and warrant, severally as to it: (a) the 

  
 40 

 
amount of the Revolving Loan Debt being purchased from it is as reflected in the books and records of such Revolving Loan Secured Party (but without representation or warranty as to the
collectibility, validity or enforceability thereof), (b) that such Revolving Loan Secured Party owns the Revolving Loan Debt being sold by it free and clear of any liens or encumbrances and (c) such Revolving Loan Secured Party has the
right to assign the Revolving Loan Debt being sold by it and the assignment is duly authorized. 
 7.6
Notice from Revolving Loan Agent Prior to Enforcement Action. In the absence of Exigent Circumstances, during the period commencing on the date on which the Term Loan Purchase Event occurs and ending on the tenth (10th) Business Day thereafter, Revolving Loan Agent, for itself and
on behalf of the Revolving Loan Secured Parties, agrees that it will give Term Loan Agent five (5) Business Days’ prior written notice of its intention to commence any foreclosure or other action to sell or otherwise realize upon the
Revolving Loan Priority Collateral. In the event that during such five (5) Business Day period, Term Loan Agent shall send to Revolving Loan Agent the irrevocable notice of the Term Loan Secured Parties’ intention to exercise the purchase
option given by the Term Loan Secured Parties to the Revolving Loan Secured Parties under this Section 7, the Revolving Loan Secured Parties shall not commence any foreclosure or other action to sell or otherwise realize upon the Shared
Collateral; provided, that the purchase and sale with respect to the Revolving Loan Debt provided for herein shall have closed within five (5) Business Days after the receipt by Revolving Loan Agent of the irrevocable notice from
Term Loan Agent. 
 Section 8. Revolving Loan Lenders’ Purchase Option 

8.1 Exercise of Option. On or after the occurrence and during the continuance of Term Loan Event of Default and the acceleration of
all of the Term Loan Debt or the commencement of an Insolvency Proceeding as to Grantors (each a “Revolving Loan Purchase Event”), one or more of the Revolving Loan Secured Parties (the “Purchasing Revolving Loan Secured
Parties”) shall have the option for a period of ten (10) Business Days after a Revolving Loan Purchase Event, upon five (5) Business Days’ prior written notice by Revolving Loan Agent to Term Loan Agent in accordance with
Section 8.3, to purchase all (but not less than all) of the Term Loan Debt from the Term Loan Secured Parties and to assume all of the commitments and duties of the Term Loan Secured Parties. Such notice from Revolving Loan Agent to Term
Loan Agent shall be irrevocable. The obligations of Term Loan Secured Parties hereunder to sell the Term Loan Debt owing to them are several and not joint and several. Each Grantor irrevocably consents to such sale. 

8.2 Pro Rata Offer. The Revolving Loan Secured Parties agree, solely as among themselves, that upon the occurrence of any
Revolving Loan Purchase Event, the Revolving Loan Agent shall send a notice to all Revolving Loan Secured Parties giving each Revolving Loan Secured Party the option to purchase at least its pro rata share of the Term Loan Debt. No Revolving Loan
Secured Party shall be required to participate in any purchase offer hereunder, and each Revolving Loan Secured Party acknowledges and agrees that a purchase offer may be made by any or all of the Revolving Loan Secured Parties, subject to the
requirements of the preceding sentence. The provisions of this Section 8.2 are intended solely for the benefit of the Revolving Loan Secured Parties and may be modified, amended or waived by them without the approval of any Grantor, any Term
Loan Secured Party, or otherwise. 

  
 41 

 8.3 Purchase and Sale. On the date specified by Revolving Loan Agent in such notice
(which shall not be less than five (5) Business Days, nor more than twenty (20) days, after the receipt by Term Loan Agent of the notice from Revolving Loan Agent of its election to exercise such option), Term Loan Secured Parties shall,
subject to any required approval of any court or other regulatory or governmental authority then in effect, if any, sell to such of the Purchasing Revolving Loan Secured Parties as are specified in the notice from Revolving Loan Agent of its
election to exercise such option, and such Purchasing Revolving Loan Secured Parties shall purchase from Term Loan Secured Parties, all of the Term Loan Debt. Notwithstanding anything to the contrary contained herein, in connection with any such
purchase and sale, Term Loan Secured Parties shall retain all rights under the Term Loan Documents to be indemnified or held harmless by Grantors in accordance with the terms thereof. In connection with any such purchase and sale, each Term Loan
Lender and each Purchasing Revolving Loan Secured Party shall execute and deliver an assignment and acceptance agreement, in form reasonably acceptable to all parties thereto, pursuant to which, among other things, each such Term Loan Lender shall
assign to the Purchasing Revolving Loan Secured Parties such Term Loan Lender’s pro rata share of the commitments and Term Loan Debt. Upon the consummation of such purchase and sale, Term Loan Agent shall resign as the “Collateral
Agent” and the “Administrative Agent” under the Term Loan Documents and upon the written request of Revolving Loan Agent, and at the expense of Revolving Loan Secured Parties, shall execute and deliver all such documents and
instruments reasonably requested by Revolving Loan Agent and/or Purchasing Revolving Loan Secured Parties to assign and transfer any Shared Collateral, together with any and all rights under deposit account control agreements and collateral access
agreements related to Shared Collateral, to the applicable successor Agent under the Term Loan Documents. 
 8.4 Payment of
Purchase Price. 
 (a) Upon the date of such purchase and sale, the Purchasing Revolving Loan Secured Parties shall
(i) pay to Term Loan Agent for the account of the Term Loan Secured Parties as the purchase price therefor the full amount of all of the Term Loan Debt then outstanding and unpaid (including principal, interest, fees and expenses, and including
reasonable attorneys’ fees and legal expenses), (ii) furnish cash collateral to Term Loan Agent in such amounts as Term Loan Agent determines is reasonably necessary to secure Term Loan Secured Parties in connection with any Term Loan Bank
Product Obligations (or at the option of the Term Loan Secured Party with respect to such Term Loan Bank Product Obligations, terminate the applicable Term Loan Hedging Obligations or cash management arrangements and make all payments pursuant
thereto, as applicable) and in respect of indemnification obligations of Grantors under the Term Loan Documents as to matters or circumstances known to Term Loan Secured Parties and disclosed in writing to Term Loan Agent (unless such disclosure is
not permitted under applicable law) at the time of the purchase and sale which would reasonably be expected to result in any loss, cost, damage or expense (including reasonable attorneys’ fees and legal expenses) to Term Loan Secured Parties,
(iii) agree to reimburse Term Loan Secured Parties for any loss, cost, damage or expense (including reasonable attorneys’ fees and legal expenses) in connection with any commissions, fees, costs or expenses related to any issued and
outstanding letters of credit, banker’s acceptances and similar instruments issued under the Term Loan Documents and any checks or other payments provisionally credited to the Term Loan Debt, and/or as to which Term Loan Secured Parties have
not yet received final payment and (iv)

  
 42 

 
agree to indemnify and hold harmless the Term Loan Secured Parties from and against any loss, liability, claim, damage or expense (including reasonable fees and expenses of legal counsel) arising
out of any claim asserted by a third party in respect of the Term Loan Debt as a direct result of any acts by Revolving Loan Agent or any other Revolving Loan Secured Party occurring after the date of the purchase and sale of the Term Loan Debt, to
the extent found by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of such Revolving Loan Secured Party. 
 (b) Such purchase price and cash collateral shall be remitted by wire transfer in federal funds to such bank account of Term Loan Agent as Term Loan Agent may designate in writing to Revolving Loan Agent
for such purpose. Interest shall be calculated to but excluding the Business Day on which such purchase and sale shall occur if the amounts so paid by the Purchasing Revolving Loan Secured Parties to the bank account designated by Term Loan Agent
are received in such bank account prior to 12:00 noon, New York City time and interest shall be calculated to and including such Business Day if the amounts so paid by the Purchasing Revolving Loan Secured Parties to the bank account designated by
Term Loan Agent are received in such bank account later than 12:00 noon, New York City time. 
 8.5 Representations Upon
Purchase and Sale. Such purchase and sale shall be expressly made without representation or warranty of any kind by Term Loan Agent or any Term Loan Secured Party as to the Term Loan Debt or otherwise and without recourse to the Term Loan
Secured Parties; except, that, each Term Loan Secured Party that is transferring such Term Loan Debt shall represent and warrant, severally as to it: (a) the amount of the Term Loan Debt being purchased from it is as reflected in
the books and records of such Term Loan Secured Party (but without representation or warranty as to the collectibility, validity or enforceability thereof), (b) that such Term Loan Secured Party owns the Term Loan Debt being sold by it free and
clear of any liens or encumbrances and (c) such Term Loan Secured Party has the right to assign the Term Loan Debt being sold by it and the assignment is duly authorized. 

8.6 Notice from Revolving Loan Agent Prior to Enforcement Action. In the absence of Exigent Circumstances,
during the period commencing on the date on which the Revolving Loan Purchase Event occurs and ending on the tenth
(10th) Business Day thereafter, Term Loan Agent, for
itself and on behalf of the Term Loan Secured Parties, agrees that it will give Revolving Loan Agent five (5) Business Days’ prior written notice of its intention to commence any foreclosure or other action to sell or otherwise realize
upon the Term Loan Priority Collateral. In the event that during such five (5) Business Day period, Revolving Loan Agent shall send to Term Loan Agent the irrevocable notice of the Revolving Loan Secured Parties’ intention to exercise the
purchase option given by the Revolving Loan Secured Parties to the Term Loan Secured Parties under this Section 8, the Term Loan Secured Parties shall not commence any foreclosure or other action to sell or otherwise realize upon the
Shared Collateral; provided, that, the purchase and sale with respect to the Term Loan Debt provided for herein shall have closed within five (5) Business Days after the receipt by Term Loan Agent of the irrevocable notice from
the Revolving Loan Agent. 

  
 43 

 Section 9. Access and Use of Term Loan Priority Collateral 

9.1 Access and Use Rights of Revolving Loan Agent. 
 (a) In the event that Term Loan Agent shall acquire control or possession of any of the Term Loan Priority Collateral or shall, through the exercise of remedies under the Term Loan Documents or otherwise,
sell any of the Term Loan Priority Collateral to any third party (a “Third Party Purchaser”), Term Loan Agent shall permit Revolving Loan Agent (or require as a condition of such sale to the Third Party Purchaser that the Third
Party Purchaser agree to permit the Revolving Loan Agent), at Revolving Loan Agent’s option and in accordance with applicable law, and at the expense of the Revolving Loan Secured Parties: (i) to enter and use any or all of the Term Loan
Priority Collateral under such control or possession (or sold to a Third Party Purchaser) consisting of real property and the improvements, structures, buildings thereon and all related rights during normal business hours or in order to inspect,
remove or take any action with respect to the Revolving Loan Priority Collateral or to enforce Revolving Loan Agent’s rights with respect thereto, including, but not limited to, the examination and removal of Revolving Loan Priority Collateral
and the examination and duplication of the books and records of any Grantor related to the Revolving Loan Priority Collateral, or to otherwise handle, deliver, ship, transport, deal with or dispose of any Revolving Loan Priority Collateral, such
right to include, without limiting the generality of the foregoing, the right to conduct one or more public or private sales or auctions thereon and (ii) use any of the Term Loan Priority Collateral under such control or possession (or sold to
a Third Party Purchaser) consisting of equipment (including computers or other data processing equipment) to handle, deal with or dispose of any Revolving Loan Priority Collateral pursuant to the rights of Revolving Loan Agent and the other
Revolving Loan Secured Parties as set forth in the Revolving Loan Documents, the UCC of any applicable jurisdiction and other applicable law. 
 (b) The rights of Revolving Loan Agent set forth in clause (a) above as to the Term Loan Priority Collateral shall be irrevocable and without charge and shall continue at Revolving Loan
Agent’s option for a period of one hundred eighty (180) days as to any such Term Loan Priority Collateral from the date on which Term Loan Agent has notified Revolving Loan Agent that Term Loan Agent or a Third Party Purchaser has acquired
possession or control of such Term Loan Priority Collateral. The time periods set forth herein shall be tolled during the pendency of any proceeding of a Grantor under the Bankruptcy Code or any other Bankruptcy Law or other proceedings pursuant to
which Revolving Loan Agent is effectively stayed from enforcing its rights against the Revolving Loan Priority Collateral; provided that the Revolving Loan Agent shall have used its commercially reasonable efforts to have such stay lifted. In
no event shall Term Loan Agent or any of the Term Loan Secured Parties take any action to interfere, limit or restrict the rights of Revolving Loan Agent set forth above or the exercise of such rights by Revolving Loan Agent pursuant to this
Section 9.1 prior to the expiration of such periods. 
 9.2 Responsibilities of Revolving Loan Secured
Parties. The Revolving Loan Agent shall reimburse the Term Loan Agent for all reasonable, documented, out-of-pocket costs and expenses (including for any physical damage to any Term Loan Priority Collateral) incurred by Term Loan Agent or any
other Term Loan Secured Party in connection with or as a direct result of the actions of the Revolving Loan Agent (or its representatives) in exercising its access and use rights as provided in Section 9.1 above (but not any diminution
in value of the Term Loan Priority Collateral resulting from the Revolving Loan Agent so dealing with any Revolving Loan Priority Collateral), and the Revolving Loan Agent and Revolving Loan Lenders shall indemnify and hold harmless the Term Loan
Agent and the Term Loan Secured Parties from any 

  
 44 

 claim, loss, damage, cost or liability arising from any claim by a third party against Term Loan Agent and
the other Term Loan Secured Parties as a direct result of any action by Revolving Loan Agent (or its representatives) to the extent not covered by insurance. Term Loan Agent shall not have any responsibility or liability for the acts or omissions of
Revolving Loan Agent or any of the other Revolving Loan Secured Parties, and Revolving Loan Agent and the other Revolving Loan Secured Parties shall not have any responsibility or liability for the acts or omissions of Term Loan Agent, in each case
arising in connection with such other Person’s use and/or occupancy of any of the Term Loan Priority Collateral. 
 9.3
Intellectual Property. In addition to and not in limitation of Section 9.1, in connection with any enforcement action by Revolving Loan Agent, Term Loan Agent hereby grants to Revolving Loan Agent a non-exclusive, royalty free
license with respect to any Term Loan Priority Collateral consisting of trademarks, copyrights, patents, know-how or other intellectual property and pertaining to the Revolving Loan Priority Collateral solely for purposes of disposing, collecting,
or otherwise realizing on any of the Revolving Loan Priority Collateral pursuant to the rights of the Revolving Loan Agent and the other Revolving Loan Secured Parties as set forth in the Revolving Loan Documents, the UCC or the equivalent laws of
any applicable jurisdiction and other applicable law. Notwithstanding anything to the contrary contained herein, any purchaser or assignee of Revolving Loan Priority Collateral pursuant to the exercise by Revolving Loan Agent of any of its rights or
remedies with respect thereto (including, without limitation, any purchaser or assignee of Revolving Loan Priority Collateral that is sold or otherwise disposed of pursuant to Sections 363, 365 or 1129 of the Bankruptcy Code, or any comparable
provision of any Bankruptcy Law) shall have the right to sell or otherwise dispose of any such Revolving Loan Priority Collateral to which any such Intellectual Property is affixed. 

Section 10. Reliance; Waivers; Etc. 
 10.1 Reliance. 
 (a) The consent by the Revolving Loan Secured Parties to
the execution and delivery of the Term Loan Documents and the grant to Term Loan Agent on behalf of the Term Loan Secured Parties of a Lien on the Shared Collateral and all loans and other extensions of credit made or deemed made on and after the
date hereof by the Revolving Loan Secured Parties to any Grantor shall be deemed to have been given and made in reliance upon this Agreement. 
 (b) The consent by the Term Loan Secured Parties to the execution and delivery of the Revolving Loan Documents and the grant to Revolving Loan Agent on behalf of the Revolving Loan Secured Parties of a
Lien on the Shared Collateral and all loans and other extensions of credit made or deemed made on the date hereof by the Term Loan Secured Parties to any Grantor shall be deemed to have been given and made in reliance upon this Agreement.

 10.2 No Warranties or Liability. 
 (a) Term Loan Agent, for itself and on behalf of the other Term Loan Secured Parties, acknowledges and agrees that each of Revolving Loan Agent and the other Revolving Loan Secured Parties have made no
express or implied representation or warranty, 

  
 45 

 
including with respect to the execution, validity, legality, completeness, collectibility or enforceability of any of the Revolving Loan Documents, the ownership of any Shared Collateral or the
perfection or priority of any Liens thereon. Term Loan Agent agrees, for itself and on behalf of the other Term Loan Secured Parties, that the Revolving Loan Secured Parties will be entitled to manage and supervise their respective loans and
extensions of credit under the Revolving Loan Documents in accordance with law and as they may otherwise, in their sole discretion, deem appropriate, and the Revolving Loan Secured Parties may manage their loans and extensions of credit without
regard to any rights or interests that Term Loan Agent or any of the other Term Loan Secured Parties have in the Shared Collateral or otherwise, except as otherwise provided in this Agreement. Neither Revolving Loan Agent nor any of the other
Revolving Loan Secured Parties shall have any duty to Term Loan Agent or any of the other Term Loan Secured Parties to act or refrain from acting in a manner which allows, or results in, the occurrence or continuance of an event of default or
default under any agreements with any Grantor (including the Term Loan Documents), regardless of any knowledge thereof which they may have or with which they may be charged. 
 (b) Revolving Loan Agent, for itself and on behalf of the other Revolving Loan Secured Parties, acknowledges and agrees that each of Term Loan Agent and the other Term Loan Secured Parties have made no
express or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectibility or enforceability of any of the Term Loan Documents, the ownership of any Shared Collateral or the perfection or
priority of any Liens thereon. Revolving Loan Agent agrees, for itself and on behalf of the other Revolving Loan Secured Parties, that the Term Loan Secured Parties will be entitled to manage and supervise their respective loans and extensions of
credit under the Term Loan Documents in accordance with law and as they may otherwise, in their sole discretion, deem appropriate, and the Term Loan Secured Parties may manage their loans and extensions of credit without regard to any rights or
interests that Revolving Loan Agent or any of the other Revolving Loan Secured Parties have in the Shared Collateral or otherwise, except as otherwise provided in this Agreement. Neither Term Loan Agent nor any of the other Term Loan Secured Parties
shall have any duty to Revolving Loan Agent or any of the other Revolving Loan Secured Parties to act or refrain from acting in a manner which allows, or results in, the occurrence or continuance of an event of default or default under any
agreements with any Grantor (including the Revolving Loan Documents), regardless of any knowledge thereof which they may have or with which they may be charged. 
 10.3 No Waiver of Lien Priorities. 
 (a) No right of Revolving Loan Agent
or any of the other Revolving Loan Secured Parties to enforce any provision of this Agreement or any of the Revolving Loan Documents shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any Grantor or by
any act or failure to act by Revolving Loan Agent or any other Revolving Loan Secured Party, or by any noncompliance by any Person with the terms, provisions and covenants of this Agreement, any of the Revolving Loan Documents or any of the Term
Loan Documents, regardless of any knowledge thereof which Revolving Loan Agent or any of the other Revolving Loan Secured Parties may have or be otherwise charged with. 

  
 46 

 (b) No right of Term Loan Agent or any of the other Term Loan Secured Parties to enforce
any provision of this Agreement or any of the Term Loan Documents shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any Grantor or by any act or failure to act by Term Loan Agent or any other Term
Loan Secured Party, or by any noncompliance by any Person with the terms, provisions and covenants of this Agreement, any of the Term Loan Documents or any of the Revolving Loan Documents, regardless of any knowledge thereof which Term Loan Agent or
any of the other Term Loan Secured Parties may have or be otherwise charged with. 
 (c) Term Loan Agent agrees not to assert
and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be available under
applicable law with respect to the Collateral or any other similar rights a junior secured creditor may have under applicable law. 
 (d) Revolving Loan Agent agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any
marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the Collateral or any other similar rights a junior secured creditor may have under applicable law. 

10.4 Amendments to Revolving Loan Documents. The Revolving Loan Documents may be amended, supplemented or otherwise modified in
accordance with their terms and the Revolving Loan Agreement may be refinanced, in each case, without notice to, or the consent of the Term Loan Agent or the other Term Loan Secured Parties, all without affecting the lien subordination or other
provisions set forth in this Agreement (even if any right of subrogation or other right or remedy of Term Loan Agent or any other Term Loan Secured Party is affected, impaired or extinguished thereby); provided, that: 

(a) in the case of a refinancing of the Revolving Loan Debt, the Revolving Loan Agent on behalf of the Revolving Loan Secured Parties
binds itself in a writing addressed to the Term Loan Agent to the terms of this Agreement, and 
 (b) without the prior written
consent of the Term Loan Agent, any such amendment, supplement, modification or refinancing shall not: 
 (i)
increase the maximum principal amount of the aggregate commitments, loans or letters of credit included in the Revolving Loan Debt to an amount greater than $350,000,000; 

(ii) increase the “Applicable Margin” or similar component of the interest rate by more than three percent
(3.00%) per annum (excluding increases resulting from the accrual of interest at the default rate or changes in the underlying rate) or increase the amount, or frequency of payment, of any recurring fees provided for in the Revolving Loan
Agreement; 
 (iii) shorten the scheduled maturity of the Revolving Loan Debt or any refinancing thereof;

  
 47 

 (iv) modify (or have the effect of a modification of) the terms of payment,
including the mandatory prepayment provisions of the Revolving Loan Agreement in a manner that increases the amount or frequency of any of such payments, or requires additional mandatory prepayments or limits the rights of Grantors with respect
thereto; or 
 (v) contravene the provisions of this Agreement. 

For the avoidance of doubt, the provisions of this Section 10.4 shall not apply to any Revolving Loan DIP Financing, which
shall be exclusively governed by Section 6. 
 10.5 Amendments to Term Loan Documents. The Term Loan
Documents may be amended, supplemented or otherwise modified in accordance with their terms and the Term Loan Agreement may be refinanced, in each case, without notice to, or the consent of the Revolving Loan Agent, all without affecting the lien
subordination or other provisions set forth in this Agreement (even if any right of subrogation or other right or remedy of Revolving Loan Agent or any other Revolving Loan Secured Party is affected, impaired or extinguished thereby);
provided, that, 
 (a) in the case of a refinancing of the Term Loan Debt, the Term Loan Agent on behalf of the
Term Loan Secured Parties binds itself in a writing addressed to the Revolving Loan Agent to the terms of this Agreement, and 

(b) without the prior written consent of the Revolving Loan Agent, any such amendment, supplement, modification or refinancing shall not:

 (i) increase the maximum principal amount of the aggregate commitments or aggregate outstanding principal
amount of loans or letters of credit included in the Term Loan Debt to an amount greater than the amount thereof permitted under the Revolving Loan Documents as in effect on the Closing Date; 

(ii) increase the “Applicable Margin” or similar component of the interest rate by more than three percent
(3.00%) per annum (excluding increases resulting from the accrual of interest at the default rate or changes in the underlying rate) or increase the amount, or frequency of payment, of any recurring fees provided for in the Term Loan Agreement;

 (iii) shorten the scheduled maturity of the Term Loan Agreement to a date prior to the scheduled maturity
date of the Revolving Loan Agreement or any refinancing thereof; 
 (iv) modify (or have the effect of a
modification of) the terms of payment, including the regularly scheduled payments of principal or mandatory prepayment provisions of the Term Loan Agreement in a manner that increases the amount or frequency of any of such payments, or requires
additional mandatory prepayments or limits the rights of Grantors with respect thereto; or 
 (v) contravene the
provisions of this Agreement. 

  
 48 

 For the avoidance of doubt, the provisions of this Section 10.5 shall not apply
to any Term Loan DIP Financing, which shall be exclusively governed by Section 6. 
 Section 11.
Miscellaneous 
 11.1 Conflicts. In the event of any conflict between the provisions of this Agreement and the
provisions of the Revolving Loan Documents or the Term Loan Documents, the provisions of this Agreement shall govern. 
 11.2
Continuing Nature of this Agreement; Severability. This Agreement shall continue to be effective until the first to occur of the Discharge of Revolving Loan Debt and the Discharge of the Term Loan Debt. This is a continuing agreement of lien
subordination and the Secured Parties may continue, at any time and without notice to the other Secured Parties, to extend credit and other financial accommodations and lend monies to or for the benefit of any Grantor constituting Revolving Loan
Debt and/or Term Loan Debt (as applicable) in reliance hereof. Each of Term Loan Agent, for itself and on behalf of the Term Loan Secured Parties, and Revolving Loan Agent, for itself and on behalf of the Revolving Loan Secured Parties, hereby
waives any right it may have under applicable law to revoke this Agreement or any of the provisions of this Agreement. The terms of this Agreement shall survive, and shall continue in full force and effect, in any Insolvency Proceeding. Any
provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall not invalidate the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. 
 11.3 Refinancing. 

(a) Refinancing Permitted. As an agreement among the Secured Parties only and without prejudice to any rights of the Secured
Parties under the Revolving Loan Documents and Term Loan Documents, as applicable, the Revolving Loan Debt and/or Term Loan Debt may be refinanced in their entirety if (i) the terms and provisions of any such refinancing debt, if instead
implemented as modifications to the debt being refinanced, could be effected without the consent of the Agent to the debt not being refinanced, in accordance with the provisions of Section 10.4 or Section 10.5, as applicable,
and (ii) the holders of such indebtedness, or a duly authorized agent on their behalf, agree in writing to be bound by the terms of this Agreement. Revolving Loan Agent, for itself and on behalf of the Revolving Loan Secured Parties, and Term
Loan Agent, for itself and on behalf of the Term Loan Secured Parties, agree, in connection with any refinancing of the Revolving Loan Debt and/or the Term Loan Debt permitted by this Section 11.3(a), promptly to enter into such
documents and agreements (including amendments or supplements to this Agreement) as Grantors may reasonably request to reflect such refinancing; provided, that, the rights and powers of the Secured Parties contemplated hereby shall not
be affected thereby. 
 (b) Effect of Refinancing. 

(i) If substantially contemporaneously with the Discharge of Revolving Loan Debt, NewPageCo or any of the other Grantors
refinances all or any portion of indebtedness outstanding under the Revolving Loan Documents in accordance 

  
 49 

 
with the provisions of Section 11.3(a), then after written notice to Term Loan Agent, (A) the indebtedness and other obligations arising pursuant to such refinancing of all or
any portion of the then outstanding indebtedness under the Revolving Loan Documents shall automatically be treated as Revolving Loan Debt for all purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of
Collateral set forth herein, (B) the credit agreement and all loan documents evidencing such new indebtedness shall automatically be treated as a Revolving Loan Agreement and as Revolving Loan Documents, respectively, for all purposes of this
Agreement and (C) the agent under the new Revolving Loan Agreement shall be deemed to be a Revolving Loan Agent for all purposes of this Agreement. Upon receipt of notice of such refinancing (including the identity of the new Revolving Loan
Agent), Term Loan Agent shall promptly enter into such documents and agreements (including amendments or supplements to this Agreement) as NewPageCo or the new Revolving Loan Agent may reasonably request in order to provide to the new Revolving Loan
Agent the rights of Revolving Loan Agent contemplated hereby. 
 (ii) If substantially contemporaneously with
the Discharge of Term Loan Debt, NewPageCo or any of the other Grantors refinances all or any portion of indebtedness outstanding under the Term Loan Documents in accordance with the provisions of Section 11.3(a), then after written
notice to Revolving Loan Agent, (A) the indebtedness and other obligations arising pursuant to such refinancing of all or any portion of the then outstanding indebtedness under the Term Loan Documents shall automatically be treated as Term Loan
Debt for all purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of Collateral set forth herein, (B) the credit agreement and the other loan documents evidencing such new indebtedness shall
automatically be treated as a Term Loan Agreement and as Term Loan Documents, respectively, for all purposes of this Agreement and (C) the agent under the new Term Loan Agreement shall be deemed to be a Term Loan Agent for all purposes of this
Agreement. Upon receipt of notice of such refinancing (including the identity of the new Term Loan Agent), Revolving Loan Agent shall promptly enter into such documents and agreements (including amendments or supplements to this Agreement) as
NewPageCo or the new Term Loan Agent may reasonably request in order to provide to the new Term Loan Agent the rights of Term Loan Agent contemplated hereby. 
 11.4 Amendments; Waivers. No amendment or modification of any of the provisions of this Agreement by Term Loan Agent or Revolving Loan Agent shall be deemed to be made unless the same shall be in
writing signed on behalf of both of the Term Loan Agent and the Revolving Loan Agent (as directed pursuant to the applicable Term Loan Documents or Revolving Loan Documents, as the case may be). No waiver of any of the provisions of this Agreement
shall be deemed to be made unless the same shall be in writing signed by the party making the same or its authorized agent and each waiver, if any, shall be a waiver only with respect to the specific instance involved and shall in no way impair the
rights of the parties making such waiver or the obligations of the other parties to such party in any other respect or at any other time. The Grantors shall not have any right to consent to or approve any amendment, modification or waiver of any
provision of this Agreement except to the extent their rights or obligations are directly adversely affected. 

  
 50 

 11.5 Subrogation. 

(a) Term Loan Agent, for itself and on behalf of the Term Loan Secured Parties, hereby waives the right to exercise any rights of
subrogation it may acquire as a result of any payment hereunder until the Discharge of Revolving Loan Debt has occurred. Following the Discharge of Revolving Loan Debt, the Revolving Loan Agent agrees to execute such documents, agreements, and
instruments as the Term Loan Agent or any Term Loan Secured Party may reasonably request to evidence the transfer by subrogation to any such Person of an interest in the Revolving Loan Debt resulting from payments to the Revolving Loan Agent by such
Person (whether made before or after the occurrence of the Discharge of Revolving Loan Debt), so long as all costs and expenses (including all reasonable legal fees and disbursements) incurred in connection therewith by the Revolving Loan Agent are
paid by such Person upon request for payment thereof. 
 (b) Revolving Loan Agent, for itself and on behalf of the Revolving
Loan Secured Parties, hereby waives the right to exercise any rights of subrogation it may acquire as a result of any payment hereunder until the Discharge of Term Loan Debt has occurred. Following the Discharge of Term Loan Debt, the Term Loan
Agent agrees to execute such documents, agreements, and instruments as the Revolving Loan Agent or any Revolving Loan Secured Party may reasonably request to evidence the transfer by subrogation to any such Person of an interest in the Term Loan
Debt resulting from payments to the Term Loan Agent by such Person (whether made before or after the occurrence of the Discharge of Term Loan Debt), so long as all costs and expenses (including all reasonable legal fees and disbursements) incurred
in connection therewith by the Term Loan Agent are paid by such Person upon request for payment thereof. 
 11.6 CONSENT TO
JURISDICTION; WAIVER OF JURY TRIAL; OTHER WAIVERS. EACH OF THE PARTIES HERETO IRREVOCABLY CONSENTS TO THE JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED IN THE BOROUGH OF MANHATTAN, NEW YORK, NEW YORK, AND CONSENT THAT ALL SERVICE OF PROCESS
MAY BE MADE BY REGISTERED MAIL DIRECTED TO SUCH PARTY AS PROVIDED IN SECTION 11.7 BELOW FOR SUCH PARTY. SERVICE SO MADE SHALL BE DEEMED TO BE COMPLETED THREE (3) DAYS AFTER THE SAME SHALL BE POSTED AS AFORESAID. THE PARTIES HERETO WAIVE
ANY OBJECTION TO ANY ACTION INSTITUTED HEREUNDER BASED ON FORUM NON CONVENIENS, AND ANY OBJECTION TO THE VENUE OF ANY ACTION INSTITUTED HEREUNDER. EACH OF THE PARTIES HERETO WAIVES ANY RIGHT IT MAY HAVE TO TRIAL BY JURY IN RESPECT OF ANY LITIGATION
BASED ON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, VERBAL OR WRITTEN STATEMENT OR ACTION OF ANY PARTY HERETO. 

11.7 Notices. All notices to the Term Loan Secured Parties and the Revolving Loan Secured Parties permitted or required under this
Agreement may be sent to Term Loan Agent and Revolving Loan Agent, respectively. Unless otherwise specifically provided herein, any notice or other communication herein required or permitted to be given shall be in writing and may be personally
served, electronically mailed or sent by courier service, facsimile 

  
 51 

 transmission or U.S. mail and shall be deemed to have been given when delivered in person or by courier
service, upon receipt of a facsimile transmission or electronic mail or four (4) Business Days after deposit in the U.S. mail (registered or certified, with postage prepaid and properly addressed). For the purposes hereof, the addresses of the
parties hereto shall be as set forth below, or, as to each party, at such other address as may be designated by such party in a written notice to all of the other parties. 

 

			
	 Revolving Loan Agent:
	  	 JPMorgan Chase Bank, N.A.
 500
Stanton Christiana Rd.
 Newark, DE 19713

Attention: Tesfaye Anteneh
 Facsimile No:
302-634-1417
 Email: tesfaye.a.anteneh@jpmorgan.com,
 ib.cbc@jpmorgan.com,
 12012443630@tls.ldsprod.com

 
 with a copy to:

 
 JPMorgan Chase Bank, N.A.
 383 Madison Ave, Floor 24
 New York, NY 10179

Attention: Peter Predun
 Facsimile No:
212-270-7005
 Email: peter.predun@jpmorgan.com

		
	 With a copy to (which shall not constitute notice):
	  	 Latham & Watkins LLP
 233
S. Wacker Drive, Suite 5800
 Chicago, IL 60606
 Attention: Jim Doran
 Facsimile: 312.993.9767

Email: James.Doran@lw.com

		
	 Term Loan Agent:
	  	 Barclays Bank PLC
 745 7th
Avenue, 27th floor
 New York, NY 10019

Attention: Patrick Kerner
 Email:
Patrick.kerner@barclays.com

		
	 With a copy to (which shall not constitute notice):
	  	 Latham & Watkins LLP
 233
S. Wacker Drive, Suite 5800
 Chicago, IL 60606
 Attention: Brad Kotler
 Facsimile: 312.993.9767

Email: Bradley.Kotler@lw.com

  
 52 

 11.8 Further Assurances. 

(a) Term Loan Agent agrees that it shall, for itself and on behalf of the Term Loan Secured Parties, take such further action and shall
execute and deliver to Revolving Loan Agent such additional documents and instruments (in recordable form, if requested) as Revolving Loan Agent may reasonably request to effectuate the terms of and the lien priorities contemplated by this
Agreement. 
 (b) Revolving Loan Agent agrees that it shall, for itself and on behalf of the Revolving Loan Secured Parties,
take such further action and shall execute and deliver to Term Loan Agent such additional documents and instruments (in recordable form, if requested) as Term Loan Agent may reasonably request to effectuate the terms of and the lien priorities
contemplated by this Agreement. 
 11.9 Governing Law. The validity, construction and effect of this Agreement shall be
governed by the internal laws of the State of New York but excluding any principles of conflicts of law or any other rule of law that would result in the application of the law of any jurisdiction other than the laws of the State of New York.

 11.10 Binding on Successors and Assigns. This Agreement shall be binding upon Revolving Loan Agent, the other
Revolving Loan Secured Parties, Term Loan Agent, the other Term Loan Secured Parties, Grantors and their respective permitted successors and assigns. 
 11.11 Specific Performance. 
 (a) Revolving Loan Agent may demand specific
performance of this Agreement. Term Loan Agent, for itself and on behalf of the Term Loan Secured Parties, hereby irrevocably waives any defense based on the adequacy of a remedy at law and any other defense which might be asserted to bar the remedy
of specific performance in any action which may be brought by Revolving Loan Agent. 
 (b) Term Loan Agent may demand specific
performance of this Agreement. Revolving Loan Agent, for itself and on behalf of the Revolving Loan Secured Parties, hereby irrevocably waives any defense based on the adequacy of a remedy at law and any other defense which might be asserted to bar
the remedy of specific performance in any action which may be brought by Term Loan Agent. 
 11.12 Section Titles; Time
Periods. The section titles contained in this Agreement are and shall be without substantive meaning or content of any kind whatsoever and are not a part of this Agreement. 

11.13 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be an original and all of
which shall together constitute one and the same document. Delivery of an executed counterpart of a signature page of this Agreement or any document or instrument delivered in connection herewith by facsimile transmission or electronic transmission
(in pdf format) shall be effective as delivery of a manually executed counterpart of this Agreement or such other document or instrument, as applicable. 

  
 53 

 11.14 Authorization. By its signature, each Person executing this Agreement on behalf
of a party hereto represents and warrants to the other parties hereto that it is duly authorized to execute this Agreement. 

11.15 No Third Party Beneficiaries. This Agreement and the rights and benefits hereof shall inure to the benefit of each of the
parties hereto and their respective successors and assigns and shall inure to the benefit of each of the holders of Revolving Loan Debt and Term Loan Debt. No other Person shall have or be entitled to assert rights or benefits hereunder. 

11.16 Additional Grantors. NewPageCo, Holdings and the other Guarantors shall cause each of their Subsidiaries that becomes a
Grantor in respect of any Shared Collateral to acknowledge and consent to the terms of this Agreement by causing such Subsidiary to execute and deliver to the parties hereto a Grantor Joinder, substantially in the form of Annex B hereto, pursuant to
which such Subsidiary shall agree to be bound by the terms of the attached Acknowledgment and Agreement to the same extent as if it had executed and delivered same as of the date hereof. 

[signature pages follow] 

  
 54 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above. 
  

									
	REVOLVING LOAN AGENT	 		 	TERM LOAN AGENT
			
	 JPMORGAN CHASE BANK, N.A.,
 as Revolving Loan Agent
	 		 	 BARCLAYS BANK PLC, as Term Loan
 Agent

					
	By:	 	 	 		 	By:	  	 
	Name:	 	 	 		 	Name:	  	 
	Title:	 	 	 		 	Title:	  	 

  
 Intercreditor
Agreement 

 ACKNOWLEDGMENT AND AGREEMENT 

Each of the undersigned hereby acknowledges and agrees to the representations, terms and provisions of the Intercreditor Agreement
between JPMorgan Chase Bank, N.A., in its capacity as agent for the Revolving Loan Secured Parties (in such capacity, the “Revolving Loan Agent”) and Barclays Bank PLC, in its capacity as collateral agent for the Term Loan Secured
Parties (in such capacity, “Term Loan Agent”), of which this Acknowledgment and Agreement is a part. By its signature below, the undersigned agrees that it will, together with its successors and assigns, be bound by the provisions
hereof. 
 Each of the undersigned agrees that (a) if either the Revolving Loan Agent or the Term Loan Agent holds Shared
Collateral it does so as bailee (under the UCC) for the other and is hereby authorized to and may turn over to such other Secured Party upon request therefor any such Shared Collateral, after all obligations and indebtedness of the undersigned to
the bailee Secured Party have been fully paid and performed, or as otherwise provided in the Intercreditor Agreement, and (b) it will execute and deliver such additional documents and take such additional action as may be necessary or desirable
in the opinion of any Secured Party to effectuate the provisions and purposes of the foregoing Agreement. Each of the undersigned agrees to provide to the Term Loan Agent and the Revolving Loan Agent a copy of each Grantor Joinder hereto executed
and delivered pursuant to Section 11.16 of the Intercreditor Agreement. 
 Each of the undersigned acknowledges and
agrees that, although it may sign this Agreement, it is not a party hereto and does not and will not receive any right, benefit, priority or interest under or because of the existence of the foregoing Agreement. 

[SIGNATURE PAGE FOLLOWS] 

 
					
	NEWPAGE INVESTMENT COMPANY LLC
		
	By:	 	 
		 	Name:	 	 
		 	Title:	 	 

  

					
	NEWPAGE CORPORATION
		
	By:	 	 
		 	Name:	 	 
		 	Title:	 	 

  

					
	ESCANABA PAPER COMPANY
		
	By:	 	 
		 	Name:	 	 
		 	Title:	 	 

  

					
	LUKE PAPER COMPANY
		
	By:	 	 
		 	Name:	 	 
		 	Title:	 	 

  

					
	 NEWPAGE CONSOLIDATED PAPERS INC.

		
	By:	 	 
		 	Name:	 	 
		 	Title:	 	 

  

					
	NEWPAGE WISCONSIN SYSTEM INC.
		
	By:	 	 
		 	Name:	 	 
		 	Title:	 	 

  
 Intercreditor
Agreement 

 
					
	 RUMFORD PAPER COMPANY

		
	By:	 	 
		 	Name:	 	 
		 	Title:	 	 

  

					
	 WICKLIFFE PAPER COMPANY LLC

		
	By:	 	 
		 	Name:	 	 
		 	Title:	 	 

  
 Intercreditor
Agreement 

 Annex A 
 to 
 Intercreditor Agreement 

Revolving Loan Priority Collateral 
 Revolving Loan Priority Collateral consists of any and all of the assets of NewPageCo and any Guarantor of the Revolving Loan Debt, whether now owned or hereafter acquired, consisting of: 

(i) “accounts,” “chattel paper” and “payment intangibles,” other than “accounts”, “chattel
paper” and “payment intangibles” (in each case, as defined in Article 9 of the UCC) which constitute identifiable proceeds of Term Loan Priority Collateral; 
 (ii) (A) “deposit accounts” and “money” (in each case, as defined in Article 9 of the UCC) and all cash, checks, other “negotiable instruments” (as defined in Article 9 of
the UCC), funds and other evidences of payments held therein and (B) “securities accounts”, “security entitlements” and “securities” (in each case, as defined in Article 8 of the UCC), and, in each case, all cash,
checks and other property held therein or credited thereto, provided however that the foregoing clauses (ii)(A) and (B) shall exclude (I) deposit accounts and securities accounts specifically designated by NewPageCo and the Term
Loan Agent to receive sale or other disposition of the Term Loan Priority Collateral (and all cash and funds, securities entitlements and securities and other property held therein or credited thereto) (the “Term Loan Asset Proceeds
Account”) and (II) subject to the last sentence of this paragraph, identifiable proceeds of Term Loan Priority Collateral; 
 (iii) general intangibles (other than intellectual property), “documents”, “instruments” (including promissory notes) and “commercial tort claims” (in each case, as defined
in Article 9 of the UCC) relating to, evidencing or governing any of the items referred to in the foregoing clauses (i) and (ii) and clauses (iv), including, without limitation, all contingent rights with respect to
warranties on accounts which are not yet “payment intangibles” (as defined in Article 9 of the UCC) and (v) but excluding intercompany indebtedness; 
 (iv) all books and “records” (as defined in Article 9 of the UCC) relating to the items referred to in the preceding clauses (i) through (iii) and clause
(v) below constituting Revolving Loan Priority Collateral (including all books, databases, customer lists, engineer drawings, and Records, whether tangible or electronic, which contain any information relating to any of the items
referred to in the preceding clauses (i) through (iii) and clause (v) below and related “letters of credit” (as defined in Article 5 of the UCC)), letter of credit rights, commercial tort claims or other
claims and causes of action, in each case, to the extent related primarily to any of the foregoing and clause (v) below; 
 (v) all “inventory” (as defined in Article 9 of the UCC) and all documents, customs receipts, insurance certificates, shipping documents and other written materials related to the purchase or
import of inventory; and 
 (vi) “supporting obligations” (as defined in Article 9 of the UCC) relating to the items
referred to in the preceding clauses (i) through (v) and all cash, money, insurance proceeds, instruments, securities, financial assets and deposit accounts received as proceeds of any of the foregoing and substitutions,
replacements, accessions, products and proceeds (including, without limitation, insurance proceeds, licenses, royalties, income, payments, claims, damages and proceeds of suit) of any or all of the foregoing. 

 Notwithstanding anything to the contrary in the foregoing, Revolving Loan Priority Collateral shall not
consist of any identifiable proceeds of Term Loan Priority Collateral (it being understood and agreed, however, all cash and funds, securities entitlements and securities and other property held in or credited to any deposit or securities account
other than the Term Loan Asset Proceeds Account shall be deemed, unless the Revolving Loan Agent has actual knowledge to the contrary, to be the proceeds of Revolving Loan Priority Collateral rather than Term Loan Priority Collateral). 

 Annex B 
 to 
 Intercreditor Agreement 

Form of Grantor Joinder 
 Reference is made to that certain Intercreditor Agreement, dated as of December 21, 2012 (as amended, amended and restated, renewed, extended, supplemented or otherwise modified from time to time in
accordance with the terms thereof, the “Intercreditor Agreement”), between JPMorgan Chase Bank, N.A., in its capacity as agent for the Revolving Loan Secured Parties (in such capacity, the “Revolving Loan Agent”)
and Barclays Bank PLC, in its capacity as agent for the Term Loan Secured Parties (in such capacity, “Term Loan Agent”). Capitalized terms used herein without definition shall have the meaning assigned thereto in the Intercreditor
Agreement. 
 This Grantor Joinder, dated as
of                    , 20     (this “Grantor Joinder”), is being delivered pursuant to
Section 11.16 of the Intercreditor Agreement. 
 The undersigned,
                    , a                     (the
“Additional Grantor”), hereby agrees to become a party to the Intercreditor Agreement as a Grantor thereunder, for all purposes thereof on the terms set forth therein, and to be bound by the terms of the Intercreditor Agreement as
fully as if the Additional Grantor had executed and delivered the Intercreditor Agreement as of the date thereof. 
 This
Grantor Joinder may be executed in two or more counterparts, each of which shall constitute an original but all of which when taken together shall constitute one contract. 
 THIS GRANTOR JOINDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 The provisions of Section 11 of the Intercreditor Agreement shall apply with like effect to this Grantor Joinder. 
 [Signature Pages Follow] 

 IN WITNESS WHEREOF, the Additional Grantor has caused this Grantor Joinder to be duly
executed by its authorized representative as of the day and year first above written. 
  

			
	[ADDITIONAL GRANTOR]
		
	By:	 	 
	Name:
	Title:

  
 2

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