Document:

exv10w4

Exhibit 10.4

JOINDER TO COLLATERAL TRUST AGREEMENT

     Reference is made to the Collateral Trust Agreement, dated as of March 5, 2010 (as amended,
restated, supplemented or otherwise modified from time to time, the “Collateral Trust Agreement”),
among Eastman Kodak Company, a New Jersey corporation (the “Company”), the Guarantors listed on the
signature pages thereto (the “Guarantors”) and certain former subsidiaries of the Company which
were guarantors as of March 5, 2010, The Bank of New York Mellon, as Indenture Trustee, The Bank of
New York Mellon, as Collateral Agent, and each other Person party thereto from time to time. Terms
defined in the Collateral Trust Agreement and not otherwise defined herein are as defined in the
Collateral Trust Agreement.

     WHEREAS, the Company has designated its $250,000,000.00 of 10.625% Senior Secured Notes due
2019 (the “2019 Notes”) to be issued pursuant to an indenture (the “2011 Indenture”), dated as of
March 15, 2011, between the Company, the Guarantors and The Bank of New York Mellon, as trustee and
as second lien collateral agent, as a New Second Lien Facility, as such term is defined in the
Collateral Trust Agreement and, simultaneously herewith, has delivered the officer’s certificate as
set forth in Section 2.3(b) of the Collateral Trust Agreement with respect thereto; and

     WHEREAS, the obligations of the Trustors under the 2011 Indenture and the 2019 Notes are
intended to constitute New Second Lien Obligations under the Collateral Trust Agreement (the “New
Second Lien Facility”).

     This Joinder to Collateral Trust Agreement, dated March 15, 2011 (this “Collateral Trust
Joinder”), is being delivered pursuant to Section 2.3 of the Collateral Trust Agreement as a
condition precedent to the incurrence of the indebtedness for which the undersigned is acting as
agent being entitled to the benefits of being Second Lien Obligations under the Collateral Trust
Agreement.

     1. Joinder. The undersigned, The Bank of New York Mellon, a New York corporation,
(the “New Representative”) as trustee under the 2011 Indenture hereby agrees to become party as an
New Second Lien Representative and a Second Lien Secured Party under the Collateral Trust Agreement
for all purposes thereof on the terms set forth therein, and to be bound by the terms, conditions
and provisions of the Collateral Trust Agreement as fully as if the undersigned had executed and
delivered the Collateral Trust Agreement as of the date thereof.

     2. Lien Sharing and Priority Confirmation. The undersigned New Representative, on
behalf of itself and each holder of obligations in respect of the New Second Lien Facility
(together with the New Second Lien Representative, the “New Secured Parties”), hereby agrees, for
the enforceable benefit of all existing and future New Second Lien Representative, each existing
and future Representative and each existing and future Second Lien Secured Party, and as a
condition to being treated as Second Lien Obligations under the Collateral Trust Agreement that:

     (a) all Second Lien Obligations will be and are secured equally and ratably by all
Liens granted to the Collateral Agent, for the benefit of the Second Lien Secured Parties,
which are at any time granted by any Trustor to secure any Second Lien Obligations whether
or not upon property otherwise constituting collateral for such New Second Lien Facility,
and that all Liens granted pursuant to the Second Lien Collateral Documents will be
enforceable by the Collateral Agent for the benefit of all holders of Second Lien
Obligations equally and ratably as contemplated by the Collateral Trust Agreement;

 

 

     (b) the New Representative and each other New Secured Party is bound by the terms,
conditions and provisions of the Collateral Trust Agreement, the Intercreditor Agreement and
the Second Lien Collateral Documents, including, without limitation, the provisions relating
to the ranking of Liens and the order of application of proceeds from the enforcement of
Liens; and

     (c) the New Representative shall perform its obligations under the Collateral Trust
Agreement, the Intercreditor Agreement and the Second Lien Collateral Documents.

     3. Appointment of Collateral Agent. The New Representative, on behalf of itself and
the New Secured Parties, hereby (a) irrevocably appoints The Bank of New York Mellon as Collateral
Agent for purposes of the Collateral Trust Agreement, the Intercreditor Agreement and the Second
Lien Collateral Documents, (b) irrevocably authorizes the Collateral Agent to take such actions on
its behalf and to exercise such powers as are delegated to the Collateral Agent in the Collateral
Trust Agreement, the Intercreditor Agreement and the Second Lien Collateral Documents, together
with such actions and powers as are reasonably incidental thereto, and authorizes the Collateral
Agent to execute any Second Lien Collateral Documents on behalf of all Second Lien Secured Parties
and to take such other actions to maintain and preserve the security interests granted pursuant to
any Second Lien Collateral Documents, and (c) acknowledges that it has received and reviewed the
Collateral Trust Agreement, the Intercreditor Agreement and the Second Lien Collateral Documents
and agrees to be bound by the terms thereof. The New Representative, on behalf of the New Secured
Parties, and the Collateral Agent, on behalf of the existing Second Lien Secured Parties, each
hereby acknowledges and agrees that the Collateral Agent in its capacity as such shall be agent on
behalf of the New Representative and on behalf of all other Second Lien Secured Parties.

     4. Consent. The New Representative, on behalf of itself and the New Secured Parties,
consents to and directs the Collateral Agent to perform its obligations under the Collateral Trust
Agreement, the Intercreditor Agreement and the Second Lien Collateral Documents.

     5. Authority as Agent. The New Representative represents, warrants and acknowledges
that it has the authority to bind each of the New Secured Parties to the Collateral Trust Agreement
and the Intercreditor Agreement and such New Secured Parties are hereby bound by the terms,
conditions and provisions of the Collateral Trust Agreement and the Intercreditor Agreement,
including, without limitation, the provisions relating to the ranking of Liens and the order of
application of proceeds from the enforcement of Liens.

     6. New Second Lien Representative. The New Second Lien Representative in respect of
the New Second Lien Facility is The Bank of New York Mellon. The address of the New Second Lien
Representative in respect of the New Second Lien Facility for purposes of all notices and other
communications hereunder and under the Collateral Trust Agreement and the Intercreditor Agreement
is 101 Barclay Street, 8W, New York, New York 10286, Attention: Corporate Trust Administration
(Eastman Kodak Company 2011 Indenture) (Facsimile No. 732-667-9185, electronic mail address:     
).

     7. Officer’s Certificate. Each of the Trustors hereby certifies that the Trustors
have previously delivered the Officer’s Certificate contemplated by Section 2.3(b)(i) of the
Collateral

-2-

 

Trust Agreement and all other information, evidence and documentation required by Section 2.3
of the Collateral Trust Agreement, in each case in accordance with the terms of the Collateral
Trust Agreement.

     8. Reaffirmation of Security Interest. By acknowledging and agreeing to this
Collateral Trust Joinder, each of the Trustors hereby (a) confirms and reaffirms the security
interests pledged and granted pursuant to the Second Lien Collateral Documents and grants a
security interest in all of its right, title and interest in the Collateral (as defined in the
applicable Second Lien Collateral Documents), whether now owned or hereafter acquired to secure the
Second Lien Obligations, and agrees that such pledges and grants of security interests shall
continue to be in full force and effect, (b) confirms and reaffirms all of its obligations under
its guarantees pursuant to the applicable Second Lien Note Documents and the New Second Lien
Documents and agrees that such guarantees shall continue to be in full force and effect, and (c)
authorizes the filing of any financing statements describing the Collateral (as defined in the
applicable Second Lien Collateral Documents) in the same manner as described in the applicable
Second Lien Collateral Documents or in any other manner as the Collateral Agent may determine is
necessary, advisable or prudent to ensure the perfection of the security interests in the
Collateral (as defined in the applicable Second Lien Collateral Documents) granted to the
Collateral Agent hereunder or under the applicable Second Lien Collateral Documents.

     9. Counterparts. This Collateral Trust 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.

     10. Governing Law. THIS COLLATERAL TRUST JOINDER SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

     11. Miscellaneous. The provisions of Section 8 of the Collateral Trust Agreement
shall apply with like effect to this Collateral Trust Joinder.

[Signature Pages Follow]

 

 

     IN WITNESS WHEREOF, the New Representative has caused this Collateral Trust Joinder to be duly
executed by its authorized representative, and each Trustor party hereto have caused the same to be
accepted by their respective authorized representatives, as of the day and year first above
written.

	 	 	 	 	 
	 	THE BANK OF NEW YORK MELLON

 	 
	 	By:  	/s/ Thomas J. Provenzano
 	 
	 	 	Name:  	Thomas J. Provenzano 	 
	 	 	Title:  	Vice President 	 

-4-

 

	 	 	 	 	 

Acknowledged and agreed this 15th

day of March, 2011:

	 	 	 	 	 
	 	Eastman Kodak Company

 	 
	 	By:  	/s/ William G. Love
 	 
	 	 	Name:  	William G. Love 	 
	 	 	Title:  	Treasurer 	 

	 	 	 	 	 
	 	Creo Manufacturing America LLC

Kodak Aviation Leasing LLC

 	 
	 	By:  	/s/ William G. Love
 	 
	 	 	Name:  	William G. Love 	 
	 	 	Title:  	Manager 	 

	 	 	 	 	 
	 	Eastman Gelatine Corporation

Eastman Kodak International Capital Company, Inc.

Far East Development Ltd.

FPC Inc.

Kodak (Near East), Inc.

Kodak Americas, Ltd.

Kodak Imaging Network, Inc.

Kodak Portuguesa Limited

Kodak Realty, Inc.

Laser-Pacific Media Corporation

Pakon, Inc.

Qualex, Inc.

 	 
	 	By:  	/s/ William G. Love
 	 
	 	 	Name:  	William G. Love 	 
	 	 	Title:  	Treasurer 	 

	 	 	 	 	 
	 	Kodak Philippines, Ltd.

NPEC Inc.

 	 
	 	By:  	/s/ William G. Love
 	 
	 	 	Name:  	William G. Love 	 
	 	 	Title:  	Assistant Treasurer 	 

 

 

	 	 	 	 	 

     The Collateral Agent acknowledges receipt of this Collateral Trust Joinder and agrees to act
as Collateral Agent with respect to the New Second Lien Facility in accordance with the terms of
the Collateral Trust Agreement, the Intercreditor Agreement and the Second Lien Collateral
Documents.

Dated: March 15, 2011

	 	 	 	 	 
	 	THE BANK OF NEW YORK MELLON,

as Collateral Agent

 	 
	 	By:  	/s/ Thomas J. Provenzano
 	 
	 	 	Name:  	Thomas J. Provenzano 	 
	 	 	Title:  	Vice President 	 
	 

-6-exv10w5

Exhibit 10.5

EXECUTION VERSION

 

INTERCREDITOR AGREEMENT

Dated as of March 5, 2010

among

CITICORP USA, INC.,

as First Lien Representative,

THE BANK OF NEW YORK MELLON,

as Second Lien Representative,

EASTMAN KODAK COMPANY

and

THE OTHER GRANTORS NAMED HEREIN

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	 
	 	 	 	 
	ARTICLE I
	 	 	 	 
	DEFINITIONS
	 	 	 	 
	 
	 	 	 	 
	SECTION 1.01. Certain Defined Terms
	 	 	2	 
	 
	 	 	 	 
	ARTICLE II
	 	 	 	 
	LIEN PRIORITIES
	 	 	 	 
	 
	 	 	 	 
	SECTION 2.01. Subordination of Liens
	 	 	7	 
	SECTION 2.02. Nature of First Lien Obligations
	 	 	8	 
	SECTION 2.03. Agreements Regarding Actions to Perfect Liens
	 	 	8	 
	SECTION 2.04. No New Liens
	 	 	9	 
	 
	 	 	 	 
	ARTICLE III
	 	 	 	 
	ENFORCEMENT RIGHTS
	 	 	 	 
	 
	 	 	 	 
	SECTION 3.01. Exclusive Enforcement
	 	 	9	 
	SECTION 3.02. Second Lien Enforcement Limitations and Waivers
	 	 	10	 
	SECTION 3.03. Judgment Creditors
	 	 	11	 
	SECTION 3.04. Cooperation
	 	 	11	 
	SECTION 3.05. Purchase Right
	 	 	11	 
	SECTION 3.06. No Additional Rights for any Grantor Hereunder
	 	 	12	 
	SECTION 3.07. Actions Upon Breach
	 	 	12	 
	 
	 	 	 	 
	ARTICLE IV

	 	 	 	 
	APPLICATION OF PROCEEDS OF COLLATERAL; DISPOSITIONS AND RELEASES OF

COLLATERAL; INSPECTION AND INSURANCE
	 	 	 	 
	 
	 	 	 	 
	SECTION 4.01. Application of Proceeds; Turnover Provisions
	 	 	12	 
	SECTION 4.02. Releases of Second-Priority Lien
	 	 	13	 
	SECTION 4.03. Dealing With Collateral; Insurance
	 	 	14	 
	 
	 	 	 	 
	ARTICLE V
	 	 	 	 
	INSOLVENCY PROCEEDINGS
	 	 	 	 
	 
	 	 	 	 
	SECTION 5.01. Filing of Motions
	 	 	14	 
	SECTION 5.02. Financing Matters
	 	 	14	 
	SECTION 5.03. Relief From the Automatic Stay
	 	 	15	 
	SECTION 5.04. Adequate Protection
	 	 	15	 
	SECTION 5.05. Avoidance Issues
	 	 	16	 

 

 

	 	 	 	 	 
	 	 	Page
	 
	 	 	 	 
	SECTION 5.06. Asset Dispositions in an Insolvency Proceeding, etc.
	 	 	16	 
	SECTION 5.07. Separate Grants of Security and Separate Classification
	 	 	16	 
	SECTION 5.08. No Waivers of Rights of First Lien Secured Parties
	 	 	17	 
	SECTION 5.09. Plans of Reorganization
	 	 	17	 
	SECTION 5.10. Reorganization Securities
	 	 	17	 
	SECTION 5.11. Post-Petition Claims
	 	 	17	 
	SECTION 5.12. Waiver
	 	 	17	 
	SECTION 5.13. Expense Claims
	 	 	17	 
	SECTION 5.14. Other Matters
	 	 	18	 
	 
	 	 	 	 
	ARTICLE VI
	 	 	 	 
	AMENDMENTS AND REFINANCINGS
	 	 	 	 
	 
	 	 	 	 
	SECTION 6.01. Amendments to First Lien Documents and Second Lien Documents
	 	 	18	 
	SECTION 6.02. When Payment in Full of First Lien Obligations Deemed to Not Have Occurred
	 	 	19	 
	 
	 	 	 	 
	ARTICLE VII
	 	 	 	 
	RELIANCE; WAIVERS; ETC.
	 	 	 	 
	 
	 	 	 	 
	SECTION 7.01. Reliance
	 	 	19	 
	SECTION 7.02. No Warranties or Liability
	 	 	20	 
	SECTION 7.03. No Waivers
	 	 	20	 
	 
	 	 	 	 
	ARTICLE VIII
	 	 	 	 
	OBLIGATIONS UNCONDITIONAL
	 	 	 	 
	 
	 	 	 	 
	SECTION 8.01. First Lien Obligations Unconditional
	 	 	20	 
	SECTION 8.02. Second Lien Obligations Unconditional
	 	 	20	 
	 
	 	 	 	 
	ARTICLE IX
	 	 	 	 
	MISCELLANEOUS
	 	 	 	 
	 
	 	 	 	 
	SECTION 9.01. Conflicts
	 	 	21	 
	SECTION 9.02. Continuing Nature of Provisions
	 	 	21	 
	SECTION 9.03. Amendments; Waivers
	 	 	21	 
	SECTION 9.04. Information Concerning Financial Condition of the Company and the other Grantors
	 	 	21	 
	SECTION 9.05. Governing Law
	 	 	22	 
	SECTION 9.06. Submission to Jurisdiction
	 	 	22	 
	SECTION 9.07. Notices
	 	 	22	 
	SECTION 9.08. Subrogation
	 	 	23	 
	SECTION 9.09. Successors and Assigns
	 	 	23	 
	SECTION 9.10. Severability
	 	 	23	 

ii

 

	 	 	 	 	 
	 	 	Page
	 
	 	 	 	 
	SECTION 9.11. Counterparts; Integration; Effectiveness
	 	 	23	 
	SECTION 9.12. Provisions to Define Relative Rights
	 	 	23	 
	SECTION 9.13. Rights as an Unsecured Creditor
	 	 	23	 
	SECTION 9.14. Representative Provisions
	 	 	23	 
	SECTION 9.15. Additional Grantors
	 	 	24	 
	 
	 	 	 	 
	EXHIBITS
	 	 	 	 
	 
	 	 	 	 
	Exhibit A            Form of Grantor Joinder
	 	 	 	 

iii

 

INTERCREDITOR AGREEMENT

     This INTERCREDITOR AGREEMENT, dated as of March 5, 2010 (as amended, restated, supplemented
or otherwise modified from time to time, this “Agreement”), is entered into among CITICORP
USA, INC., as agent for the First Lien Secured Parties (as hereinafter defined) (in such capacity,
together with its successors and assigns, the “Initial First Lien Representative”), THE
BANK OF NEW YORK MELLON, as collateral agent for the Second Lien Secured Parties (as hereinafter
defined) (in such capacity, together with its successors and assigns, the “Second Lien
Representative”), EASTMAN KODAK COMPANY, a New Jersey corporation (the “Company”), the
other Grantors (as hereinafter defined) listed on the signature pages hereof and such other Persons
as shall from time to time become party hereto.

     PRELIMINARY STATEMENTS:

     (1) The Company, the other Grantors, the First Lien Representative, and certain financial
institutions and other lenders are parties to that certain Amended and Restated Credit Agreement,
dated as of March 31, 2009 (as amended by that certain Amendment No. 1 to the Amended and Restated
Credit Agreement, dated as of September 17, 2009, and Amendment No. 2 to the Amended and Restated
Credit Agreement, dated as of February 10, 2010, and as further amended, amended and restated,
supplemented, replaced, subject to a Permitted Refinancing or otherwise modified from time to time
in accordance with the terms hereof, the “Credit Agreement”), pursuant to which such
financial institutions and other lenders have agreed to make loans and extend other financial
accommodations to the Company.

     (2) The Company, the other Grantors, the Second Lien Representative and The Bank of New York
Mellon, as trustee (in such capacity, the “Second Lien Trustee”), are parties to that
certain Indenture, dated as of March 5, 2010 (as amended, amended and restated, supplemented,
replaced, subject to a Permitted Refinancing or otherwise modified from time to time in accordance
with the terms hereof, the “Second Lien Indenture”), providing for the issuance by the
Company of Second Lien Notes (as hereinafter defined).

     (3) The Company, the other Grantors, the Second Lien Trustee, the Second Lien Representative
and the other Persons party thereto from time to time are parties to that certain Collateral Trust
Agreement, dated as of March 5, 2010 (as amended, amended and restated, supplemented or otherwise
modified from time to time, the “Collateral Trust Agreement”).

     (4) The Company and the other Grantors have granted to the First Lien Representative, for the
benefit of the First Lien Secured Parties, security interests in the Collateral (as hereinafter
defined), pursuant to the terms of the First Lien Collateral Documents (as hereinafter defined), as
security for the payment and performance of the First Lien Obligations (as hereinafter defined).

     (5) The Company and the Grantors have granted to the Second Lien Representative, for the
benefit of the Second Lien Secured Parties, security interests in the Collateral, pursuant to the
terms of the Second Lien Collateral Documents (as hereinafter defined), as security for the payment
and performance of the Second Lien Obligations (as hereinafter defined).

     (6) The Company may from time to time incur additional Indebtedness permitted to be secured on
an equal and ratable basis with the obligations under the Second Lien Indenture, which additional
Indebtedness shall be incurred in accordance with this Agreement, the First Lien Documents (as
hereinafter defined), the Second Lien Documents (as hereinafter defined) and the Collateral Trust
Agreement.

 

 

     (7) The First Lien Documents and the Second Lien Documents provide, among other things, that
the parties thereto shall set forth in this Agreement their respective rights and remedies with
respect to the Collateral.

     (8) In order to induce the First Lien Secured Parties to consent to the Company and the other
Grantors incurring the Second Lien Obligations, the Second Lien Representative, on behalf of the
Second Lien Secured Parties, has agreed to the lien subordination provisions set forth in this
Agreement.

     NOW THEREFORE, in consideration of the premises and the mutual covenants and agreements
contained herein, the parties hereto have agreed as follows:

ARTICLE I

DEFINITIONS

          SECTION 1.01. Certain Defined Terms. (a) The following terms, as used herein, have the
following meanings:

     “Affiliate” means, as to any Person, any other Person that, directly or indirectly,
controls, is controlled by or is under common control with such Person or is a director or
executive officer of such Person. For purposes of this definition, the term “control” (including
the terms “controlling”, “controlled by” and “under common control with”) of a Person means the
possession, direct or indirect, of the power to direct or cause the direction of the management and
policies of such Person, whether through the ownership of Voting Stock, by contract or otherwise.

     “Agreement” has the meaning specified in the preamble.

     “Bankruptcy Code” means the United States Bankruptcy Code (11 U.S.C. §101 et seq.), as
amended from time to time, and any successor statute.

     “Bankruptcy Law” means the Bankruptcy Code and any similar federal, state or foreign
law for the relief of debtors.

     “Collateral” means all assets constituting both First Lien Collateral and Second Lien
Collateral.

     “Collateral Trust Agreement” has the meaning specified in the Preliminary Statements.

     “Company” has the meaning specified in the preamble.

     “Credit Agreement” has the meaning specified in the Preliminary Statements.

     “DIP Financing” has the meaning specified in Section 5.02.

     “Enforcement Action” means, with respect to the First Lien Obligations or the Second
Lien Obligations, the exercise of any rights and remedies with respect to any Collateral securing
such obligations or the commencement or prosecution of enforcement of any of the rights and
remedies under, as applicable, the First Lien Collateral Documents or the Second Lien Collateral
Documents, or applicable law, pertaining to rights in the Collateral, including without limitation
the exercise of any rights of set-off or recoupment against any Collateral, and the exercise of any
rights or remedies of a

2

 

secured creditor under the UCC or PPSA (or other similar statute) of any applicable
jurisdiction or in an Insolvency Proceeding with respect to any Grantor.

     “First Lien Cap” means the sum of:

     (A) the greater of:

     (1) (X) the aggregate amount of Indebtedness constituting principal permitted to be
incurred under the First Lien Documents plus the aggregate face amount of any
letters of credit issued under the First Lien Documents plus the aggregate amount of
obligations under any Secured Agreement, in an aggregate amount under this clause (X) not to
exceed $600,000,000 minus (Y) the aggregate amount of any voluntary or mandatory
prepayments of principal made in respect of advances made under the First Lien Documents (to
the extent that any such prepayment resulted in a corresponding permanent reduction in the
applicable commitments pursuant to the requirements of the Second Lien Documents); and

     (2) the amount of first-priority lien obligations constituting Indebtedness permitted
to be incurred under (i) so long as the Second Lien Indenture remains in effect, Section
4.06(b)(i)(A) of the Second Lien Indenture (or, to the extent that the Second Lien Indenture
is amended, restated, supplemented or otherwise modified, any comparable provision or
provisions of the Second Lien Indenture) and (ii) after the Second Lien Indenture is
terminated or replaced, any applicable Second Lien Documents; plus

     (B) all interest, reimbursement, indemnities and other payment obligations related to
the Indebtedness, letters of credit and other obligations referred to in clause (A) above
(other than any reimbursement obligations in respect of letters of credit).

     “First Lien Collateral” means all of the assets and property of any First Lien
Grantor, whether real, personal or mixed, with respect to which a Lien is granted or purported to
be granted as security for any First Lien Obligations.

     “First Lien Collateral Documents” means, collectively, the “Collateral Documents” (as
defined in the Credit Agreement), each Grantor Joinder and any other agreement, document or
instrument pursuant to which a Lien is granted securing the First Lien Obligations or under which
rights or remedies with respect to such Liens are governed, as each may be amended, restated,
supplemented or otherwise modified from time to time in accordance with this Agreement.

     “First Lien Documents” means, collectively, the Credit Agreement, the First Lien
Collateral Documents and each of the other agreements, documents and instruments providing for or
evidencing any First Lien Obligation, and any other document or instrument executed or delivered at
any time in connection with any First Lien Obligations, including any intercreditor or joinder
agreement among holders of First Lien Obligations (or binding upon one or more of them through
their representatives), to the extent such are effective at the relevant time, as each may be
amended, restated, supplemented or otherwise modified from time to time in accordance with this
Agreement.

     “First Lien Grantors” means the Company, each subsidiary of the Company party hereto
and each other Person that has or may from time to time hereafter (or is or may from time to time
hereafter be required to) execute and deliver a First Lien Collateral Document as a “Grantor”, a
“Pledgor” or a “Guarantor” (or the equivalent thereof).

3

 

     “First Lien Obligations” means the “Secured Obligations” as defined in the Credit
Agreement; provided that the amount of First Lien Obligations for all purposes of this
Agreement shall in no event exceed the First Lien Cap.

     “First Lien Representative” means the Initial First Lien Representative and any other
agent for the holders of First Lien Obligations who joins this Agreement as a New First Lien
Representative, in each case, together with its successors and assigns.

     “First Lien Secured Parties” means the “Secured Parties” as defined in the Credit
Agreement.

     “Grantor Joinder” means a joinder agreement substantially in the form of Exhibit A.

     “Grantors” means the Company and each other Person that is both a First Lien Grantor
and a Second Lien Grantor.

     “Hedge Agreements” means interest rate, currency or commodity swap, cap or collar
agreements, interest rate, currency or commodity future or option contracts and other similar
agreements.

     “Indebtedness” means and includes all obligations that constitute “Debt” or
“Indebtedness” within the meaning of the Credit Agreement or the Second Lien Indenture, as
applicable.

     “Insolvency Proceeding” means any proceeding in respect of bankruptcy, insolvency,
winding up, receivership, reorganization, dissolution, assignment for the benefit of creditors or
other marshalling of assets and liabilities, in each of the foregoing events whether under the
Bankruptcy Code or any similar federal, state or foreign bankruptcy, insolvency, reorganization,
receivership or similar law.

     “Lien” means any lien, security interest or other charge or encumbrance of any kind on
the property of a Person, including, without limitation, the lien or retained security title of a
conditional vendor and any easement, right of way or other encumbrance on title to real property,
provided the term “Lien” shall not include any license of intellectual property.

     “New First Lien Obligations Notice” has the meaning specified in Section 6.02.

     “New First Lien Representative” has the meaning specified in Section 6.02.

     “Payment in Full” means (a) the payment in full in cash of (i) all principal,
reimbursement obligations in respect of letters of credit and interest (including any Post-Petition
Interest) in respect of the First Lien Obligations and (ii) solely for purposes of Section 3.04 and
Section 4.01(b), all other First Lien Obligations that are claimed within 60 days of the last date
on which all principal and interest in respect of the First Lien Obligations shall have been paid
in full in cash and (b) the termination in full of all commitments in respect of, and the
termination, expiration or cash collateralization of all obligations with respect to all letters of
credit relating to, the First Lien Obligations (or receipt by the First Lien Representative of an
irrevocable notice from each Issuing Bank (as defined in the Credit Agreement) with any such
letters or credit outstanding that it will not seek to enforce any rights that it has or may have
in accordance with Section 2.03 of the Credit Agreement). “Paid in Full” shall have the
correlative meaning.

     “Permitted Refinancing” means, in respect of the First Lien Obligations or the Second
Lien Obligations, to refinance, extend, renew, defease, amend, modify, supplement, restructure,
replace, refund or repay, or to incur or issue other indebtedness or credit facility, in exchange
or replacement for, such indebtedness in whole or in part, whether with the same or different
lenders, arrangers and/or agents, and

4

 

whether or not there is an intervening period of time in between, in each case in accordance
with the terms of this Agreement; provided that a DIP Financing shall not constitute a Permitted
Refinancing.

     “Person” means an individual, partnership, corporation (including a business trust),
joint stock company, trust, unincorporated association, joint venture, limited liability company or
other entity, or a government or any political subdivision or agency thereof.

     “Post-Petition Interest” means any interest or entitlement to fees or expenses that
accrues after the commencement of any Insolvency Proceeding with respect to any First Lien Grantor
or Second Lien Grantor, as applicable, whether or not allowed or allowable in any such Insolvency
Proceeding.

     “PPSA” means the Personal Property Security Act of Ontario; provided that, if
perfection or the effect of perfection or non-perfection or the priority of any security interest
in any Collateral is governed by the PPSA as in effect in a Canadian jurisdiction other than
Ontario, or the Civil Code of Quebec, “PPSA” means the Personal Property Security Act as in effect
from time to time in such other jurisdiction or the Civil Code of Quebec, as applicable, for
purposes of the provisions hereof relating to such perfection, effect of perfection or
non-perfection or priority.

     “Purchase Event” has the meaning specified in Section 3.05 of this Agreement.

     “Second Lien Collateral” means all of the assets and property of any Second Lien
Grantor, whether real, personal or mixed, with respect to which a Lien is granted or purported to
be granted as security for any Second Lien Obligations.

     “Second Lien Collateral Documents” means, collectively, the Security Agreement, dated
as of March 5, 2010, among the Second Lien Grantors and the Second Lien Representative, each
Grantor Joinder and any other agreement, document or instrument pursuant to which a Lien is granted
securing the Second Lien Obligations or under which rights or remedies with respect to such Liens
are governed, as each may be amended, restated, supplemented or otherwise modified from time to
time in accordance with this Agreement.

     “Second Lien Documents” means, collectively, (a) the Second Lien Indenture, the Second
Lien Notes, the Second Lien Guarantees, the Second Lien Collateral Documents, the Collateral Trust
Agreement and the other “Second Lien Note Documents” (as defined in the Collateral Trust
Agreement), (b) the “New Second Lien Documents” (as defined in the Collateral Trust Agreement) and
(c) each of the other agreements, documents and instruments providing for or evidencing any Second
Lien Obligation, and any other document or instrument executed or delivered at any time in
connection with any Second Lien Obligation, including pursuant to the Second Lien Collateral
Documents and any intercreditor or joinder agreement among holders of Second Lien Obligations (or
binding upon one or more of them through their representatives), including, without limitation, the
Collateral Trust Agreement, to the extent such are effective at the relevant time, as each may be
amended, restated, supplemented, modified, renewed or extended from time to time in accordance with
this Agreement.

     “Second Lien Enforcement Date” means the date, after the occurrence of an Event of
Default (under and as defined in the Second Lien Indenture), that is 180 days after the delivery by
the Second Lien Representative to the First Lien Representative of a written notice from the Second
Lien Representative certifying that an Event of Default (under and as defined in the Second Lien
Indenture) has occurred and is continuing; provided that the Second Lien Enforcement Date shall be
stayed and shall not occur and shall be deemed not to have occurred (a) if the First Lien Secured
Parties have, on or prior to the expiration of such 180-day period, commenced and are diligently
pursuing any Enforcement Action with respect to all or a material portion of the Collateral, (b) at
any time when the Grantor against which

5

 

the Second Lien Secured Parties’ proposed Enforcement Action is to be taken is the subject of
an Insolvency Proceeding or (c) if the acceleration of the Second Lien Obligations (if any) is
rescinded in accordance with the terms of the Second Lien Indenture or otherwise.

     “Second Lien Grantors” means the Company, each subsidiary of the Company party hereto
and each other Person that has or may from time to time hereafter (or is or may from time to time
hereafter be required to) execute and deliver a Second Lien Collateral Document as a “Grantor”, a
“Pledgor” or a “Guarantor” (or the equivalent thereof).

     “Second Lien Guarantees” means the “Note Guaranties” as defined in the Second Lien
Indenture.

     “Second Lien Indenture” has the meaning specified in the Preliminary Statements.

     “Second Lien Notes” means the 9.75% senior secured notes due 2018 in an aggregate
original principal amount of $500,000,000 issued pursuant to the Second Lien Indenture, and any
other senior secured notes issued from time to time under the Second Lien Indenture.

     “Second Lien Obligations” means (a) all “Obligations” (as defined in the Second Lien
Indenture) in respect of Indebtedness incurred under the Second Lien Indenture and all other
obligations of the Company and the other Second Lien Grantors, if any, from time to time arising
under or in respect of the due and punctual payment of (i) the principal of and premium, if any,
and interest (including any Post-Petition Interest) on the Second Lien Notes, when and as due,
whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise and
(ii) all other monetary obligations, including fees, costs, expenses and indemnities, whether
primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred
during the pendency of any Insolvency Proceeding with respect to the Company or any other Second
Lien Grantor, regardless of whether allowed or allowable in such proceeding), of the Company and
the other Second Lien Grantors, if any, under the Second Lien Indenture and the other “Second Lien
Note Documents” (as defined in the Collateral Trust Agreement) owing to the Second Lien Secured
Parties described in clause (a) of the definition thereof (in their capacity as such) and (b)
subject to Section 2.3 of the Collateral Trust Agreement, any “New Second Lien Obligations” (as
defined in the Collateral Trust Agreement).

     “Second Lien Representative” has the meaning specified in the preamble.

     “Second Lien Secured Parties” means, at any relevant time, (a) the holders of “Second
Lien Note Obligations” (as defined in the Collateral Trust Agreement) at that time, including,
without limitation, the Second Lien Representative, the Second Lien Trustee and the holders of
Second Lien Notes, and (b) subject to Section 2.3 of the Collateral Trust Agreement, the holders of
any “New Second Lien Obligations” (as defined in the Collateral Trust Agreement) at that time,
including each “New Second Lien Representative” (as defined in the Collateral Trust Agreement).

     “Second Lien Trustee” has the meaning specified in the Preliminary Statements.

     “Secured Agreement” means, to the extent that the obligations thereunder are secured
by the Collateral pursuant to the First Lien Collateral Documents, any and all agreements and other
documents relating to any treasury management services provided by any First Lien Secured Parties
and their Affiliates to the Company and any of its Subsidiaries, all agreements evidencing any
other obligations of the Company and any of its Subsidiaries owing to any of the First Lien Secured
Parties and their Affiliates including, without limitation, all letters of credit issued by any of
the First Lien Secured Parties and their Affiliates for the benefit of the Company or any of its
Subsidiaries, all Hedge Agreements entered into with the Company or any of its Subsidiaries by any
of the First Lien Secured Parties and their

6

 

Affiliates, and each agreement or instrument delivered by any First Lien Grantor or Subsidiary
of the Company pursuant to any of the foregoing, as the same may be amended from time to time in
accordance with the provisions thereof.

     “Secured Parties” means, collectively, the First Lien Secured Parties and the Second
Lien Secured Parties.

     “Standstill Period” has the meaning specified in Section 3.01 of this Agreement.

     “UCC” means the Uniform Commercial Code as in effect in the State of New York;
provided that, if perfection or the effect of perfection or non-perfection or the priority
of any security interest in any Collateral is governed by the Uniform Commercial Code as in effect
in a jurisdiction other than the State of New York, “UCC” means the Uniform Commercial Code as in
effect from time to time in such other jurisdiction for purposes of the provisions hereof relating
to such perfection, effect of perfection or non-perfection or priority.

     “Voting Stock” means capital stock issued by a corporation, or equivalent interests in
any other Person, the holders of which are ordinarily, in the absence of contingencies, entitled to
vote for the election of directors (or persons performing similar functions) of such Person, even
if the right so to vote has been suspended by the happening of such a contingency.

     (b) Any other defined terms used herein shall have the meanings specified in the Preliminary
Statements contained herein.

     (c) All definitions herein (whether set forth herein directly or by reference to definitions
in other documents) shall be equally applicable to both the singular and the 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:

     (i) any reference herein to any Person shall be construed to include such Person’s
permitted successors and assigns;

     (ii) 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;

     (iii) all references herein to Sections (including the preamble and preliminary
statements) shall be construed to refer to Sections of this Agreement; and

     (iv) 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.

ARTICLE II

LIEN PRIORITIES

          SECTION
2.01. Subordination of Liens. (a) Any and all Liens now existing or hereafter
created or arising in favor of any Second Lien Secured Party securing the Second Lien Obligations,
regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise
are expressly junior in priority to any and all Liens now existing or hereafter created or arising
in favor of the

7

 

First Lien Secured Parties securing the First Lien Obligations, notwithstanding (i) anything
to the contrary contained in any agreement or filing to which any Second Lien Secured Party may now
or hereafter be a party, and regardless of the time, order or method of grant, attachment,
recording or perfection of any financing statements or other security interests, assignments,
pledges, deeds, mortgages and other liens, charges or encumbrances or any defect or deficiency or
alleged defect or deficiency in any of the foregoing, (ii) any provision of the UCC or the PPSA or
any applicable law or any First Lien Collateral Document or Second Lien Collateral Document or any
other circumstance whatsoever and (iii) the fact that any such Liens in favor of any First Lien
Secured Party securing any of the First Lien Obligations are (x) subordinated to any Lien securing
any obligation of any Grantor other than the Second Lien Obligations or (y) otherwise subordinated,
voided, avoided, invalidated or lapsed. The subordination of the Liens of the Second Lien Secured
Parties in and to the Collateral in favor of the First Lien Secured Parties provided for herein
shall not be deemed to (a) subordinate the Liens of the Second Lien Secured Parties to the Liens of
any other Person (including, solely with respect to any portion of the First Lien Obligations in
excess of the First Lien Cap, the First Lien Secured Parties), or (b) subordinate the Second Lien
Obligations to any other Indebtedness of the Company or any other Grantor, including the First Lien
Obligations.

          (b) Each of the First Lien Representative, for itself and on behalf of each First
Lien Secured Party, and the Second Lien Representative, for itself and on behalf of each Second
Lien Secured Party, agrees that it shall not object to or contest, or support any other Person in
contesting or objecting to, in any proceeding (including without limitation, any Insolvency
Proceeding with respect to any Grantor), the validity, extent, perfection, priority or
enforceability of any Lien in the Collateral granted to the other; provided that this Section
2.01(b) shall not be construed to prevent or impair the rights of any First Lien Secured Party or
Second Lien Secured Party to enforce this Agreement, including without limitation the provisions of
this Agreement relating to the priority of the Liens securing the Second Lien Obligations and the
Liens securing the First Lien Obligations as set forth in Section 2.01(a) and the exercise of
remedies as provided in Section 3.01. Notwithstanding any failure by any First Lien Secured Party
or Second Lien Secured Party to perfect its security interests in the Collateral or any avoidance,
invalidation or subordination by any third party or court of competent jurisdiction of the security
interests in the Collateral granted to the First Lien Secured Parties or the Second Lien Secured
Parties, the priority and rights as between the First Lien Secured Parties and the Second Lien
Secured Parties with respect to the Collateral shall be as set forth herein.

          SECTION
2.02. Nature of First Lien Obligations. The Second Lien Representative on
behalf of itself and the Second Lien Secured Parties acknowledges that all or a portion of the
First Lien Obligations may be revolving in nature and that the amount thereof that may be
outstanding at any time or from time to time may be increased or reduced and subsequently
reborrowed, and that the terms of the First Lien Obligations may be modified, extended or amended
from time to time, and that the aggregate amount of the First Lien Obligations may be increased,
replaced or refinanced (including replacement or refinancing of such increased amounts and
including under the same or different documents and with the same or different agents, lenders
and/or representatives, and regardless of whether there is an intervening period of time in
between, all of which shall be deemed to be the Credit Agreement wherever such term is used
herein), in each event, without notice to or consent by the Second Lien Secured Parties and without
affecting the provisions hereof. The lien priorities provided in Section 2.01 shall not be altered
or otherwise affected by any such amendment, modification, supplement, extension, repayment,
reborrowing, increase, replacement, renewal, restatement or refinancing of either the First Lien
Obligations or the Second Lien Obligations, or any portion thereof.

          SECTION
2.03. Agreements Regarding Actions to Perfect Liens. (a) The Second Lien Representative on behalf of itself and
the Second Lien Secured Parties agrees that all mortgages and other real estate instruments (if
any), UCC-1 financing statements, patent, trademark or copyright filings or

8

 

 other filings or recordings filed or recorded by or on behalf of the Second Lien
Representative or any Second Lien Secured Party shall be substantially identical in all material
respects to the corresponding First Lien Collateral Documents or otherwise in form reasonably
satisfactory to the First Lien Representative.

          (b) The First Lien Representative, on behalf of itself and the First Lien Secured Parties,
hereby acknowledges that, to the extent that it holds, or a third party holds on its behalf,
physical possession of or “control” (as defined in the UCC) over Collateral pursuant to any of the
First Lien Collateral Documents, such possession or control is also for the benefit of the Second
Lien Representative and the other Second Lien Secured Parties solely to the extent required to
perfect their security interest in such Collateral. Nothing in the preceding sentence shall be
construed to impose any duty on any First Lien Secured Party (or any third party acting on its
behalf) with respect to such Collateral or provide the Second Lien Representative or any other
Second Lien Secured Party with any rights with respect to such Collateral beyond those specified in
this Agreement and the Second Lien Collateral Documents, provided that upon the Payment in Full of
the First Lien Obligations, the applicable First Lien Secured Party shall (i) deliver to the Second
Lien Representative, at the Company’s sole cost and expense, the Collateral in its possession or
control together with any necessary endorsements to the extent required by the Second Lien
Collateral Documents or (ii) direct and deliver such Collateral as a court of competent
jurisdiction otherwise directs, and provided further that the provisions of this Agreement are
intended solely to govern the respective Lien priorities as between the First Lien Secured Parties
and the Second Lien Secured Parties and shall not impose on the First Lien Secured Parties any
obligations in respect of the disposition of any Collateral (or any proceeds thereof) that would
conflict with prior perfected Liens or any claims thereon in favor of any other Person that is not
a First Lien Secured Party or a Second Lien Secured Party.

          SECTION 2.04. No New Liens. So long as the First Lien Obligations have not been Paid
in Full, whether or not any Insolvency Proceeding has been commenced by or against the Company or
any other Grantor, the parties hereto agree that neither the Company nor any other Grantor shall,
nor shall it permit any of its Subsidiaries to, grant or permit any additional Liens on any asset
or property to secure any Second Lien Obligation unless it has granted or concurrently grants a
Lien on such asset or property to secure the First Lien Obligations. To the extent that the
foregoing provisions are not complied with for any reason, without limiting any other rights and
remedies available to the First Lien Representative or any First Lien Secured Party, the Second
Lien Representative, on behalf of itself and the Second Lien Secured Parties, agrees that any
amounts received by or distributed to any of them pursuant to or as a result of Liens granted in
contravention of this Section 2.04 shall be subject to Section 4.01.

ARTICLE III

ENFORCEMENT RIGHTS

          SECTION 3.01. Exclusive Enforcement. So long as the First Lien Obligations have not
been Paid in Full, whether or not an Insolvency Proceeding has been commenced by or against any
Grantor, the First Lien Representative shall (subject to clause (a) below) have the exclusive right
to take and continue, or not to take, any Enforcement Action with respect to the Collateral,
without any consultation with or consent of any Second Lien Secured Party, but subject to the
proviso set forth in Section 5.01, and (a) from the date hereof until the occurrence of the Second
Lien Enforcement Date (such period, the “Standstill Period”), neither the Second Lien
Representative nor any Second Lien Secured Party shall exercise or seek to exercise any rights or
remedies (including any right of set-off or recoupment) with respect to any Second Lien Collateral
(including, without limitation, the exercise of any right under any lockbox agreement,
account control agreement, landlord waiver or bailee’s letter or similar agreement or
arrangement to which the Second Lien Representative or any Second Lien Secured Party may be a
party) or institute or commence (or join with any other Person in commencing) any

9

 

enforcement,
collection, execution, levy or foreclosure action or proceeding (including, without limitation, any
Insolvency Proceeding with respect to any Grantor) with respect to any Lien held by it under the
Second Lien Collateral Documents or otherwise in respect of the Collateral, and (b) neither the
Second Lien Representative nor any Second Lien Secured Party shall (i) contest, protest or object
to, or otherwise interfere with, hinder or delay, any foreclosure proceeding or action brought by
the First Lien Representative or any First Lien Secured Party, any rights and remedies relating to
the Collateral under the First Lien Collateral Documents or otherwise in respect of the Collateral,
provided that the respective interests of the Second Lien Secured Parties attach to the proceeds
thereof, subject to the relative priorities described in Section 4.01 hereof, or (ii) contest,
protest or object to the forbearance by the First Lien Representative or the First Lien Secured
Parties from bringing or pursuing any foreclosure proceeding or action or any other exercise of any
rights or remedies relating to any Collateral. The Second Lien Representative and each Second Lien
Secured Party hereby acknowledges and agrees that no covenant, agreement or restriction contained
in the Second Lien Collateral Documents or in the Second Lien Indenture or otherwise shall be
deemed to restrict in any way the rights and remedies of the First Lien Representative or the First
Lien Secured Parties with respect to the Collateral as set forth in this Agreement and the First
Lien Collateral Documents. Upon the occurrence and during the continuance of a default or an event
of default in respect of a First Lien Obligation permitting the First Lien Representative to take
any Enforcement Action under any First Lien Collateral Document, the First Lien Representative may
take and continue any Enforcement Action with respect to the First Lien Obligations and the
Collateral exclusively and in such order and manner as it may determine in its sole discretion.

          SECTION 3.02. Second Lien Enforcement Limitations and Waivers. The Second Lien
Representative and each Second Lien Secured Party hereby acknowledges and agrees that no covenant,
agreement or restriction contained in the Second Lien Collateral Documents or in the Second Lien
Indenture or otherwise shall be deemed to restrict in any way the rights and remedies of the First
Lien Representative or the First Lien Secured Parties with respect to the Collateral as set forth
in this Agreement and the First Lien Collateral Documents. In addition, the Second Lien
Representative and each Second Lien Secured Party agrees that, until the First Lien Obligations
have been Paid in Full, subject to the proviso set forth in Section 5.01 and as may otherwise be
expressly provided for in this Agreement (including, without limitation, Section 3.01):

     (a) they will not take or cause to be taken any action, the purpose or effect of which
is to make any Lien in respect of any Second Lien Obligation pari passu with or senior to,
or to give any Second Lien Secured Party any preference or priority relative to, the Liens
with respect to the First Lien Obligations or the First Lien Secured Parties with respect to
any of the Collateral;

     (b) they will not oppose, object to, interfere with, hinder or delay, in any manner,
whether by judicial proceedings (including without limitation the filing of an Insolvency
Proceeding with respect to any Grantor) or otherwise, any foreclosure, sale, lease,
exchange, transfer or other disposition of the Collateral by the First Lien Representative
or any other First Lien Secured Party, or any other Enforcement Action taken by or on behalf
of the First Lien Representative or any other First Lien Secured Party;

     (c) they have no right to (i) direct either the First Lien Representative or any other
First Lien Secured Party to exercise any right, remedy or power with respect to the
Collateral or pursuant to the First Lien Collateral Documents or (ii) consent or object to
the exercise by the First Lien Representative or any other First Lien Secured Party of any right, remedy or
power with respect to the Collateral or pursuant to the First Lien Collateral Documents or
to the timing or manner in which any such right is exercised or not exercised (or, to the
extent they may have

10

 

any such right described in this clause (c), whether as a junior lien
creditor or otherwise, they hereby irrevocably waive such right);

     (d) they will not institute any suit or other proceeding or assert in any suit,
Insolvency Proceeding or other proceeding any claim against either the First Lien
Representative or any other First Lien Secured Party seeking damages from or other relief by
way of specific performance, instructions or otherwise, with respect to, and neither the
First Lien Representative nor any other First Lien Secured Party shall be liable for, any
action taken or omitted to be taken by the First Lien Representative or any other First Lien
Secured Party with respect to the Collateral or pursuant to the First Lien Collateral
Documents;

     (e) they will not make any judicial or nonjudicial claim or demand or commence any
judicial or non-judicial proceedings against any Grantor or affiliates under or with respect
to any Second Lien Collateral Document seeking payment or damages from or other relief by
way of specific performance, instructions or otherwise under or with respect to any Second
Lien Collateral Document or exercise any right, remedy or power under or with respect to, or
otherwise take any action to enforce, other than filing a proof of claim, any Second Lien
Collateral Document;

     (f) they will not commence judicial or nonjudicial foreclosure proceedings with respect
to, seek to have a trustee, receiver, liquidator or similar official appointed for or over,
attempt any action to take possession of any Collateral, exercise any right, remedy or power
with respect to, or otherwise take any action to enforce their interest in or realize upon,
the Collateral or pursuant to the Second Lien Collateral Documents; and

     (g) they will not seek, and hereby waive any right, to have the Collateral or any part
thereof marshaled upon any foreclosure or other disposition of the Collateral.

          SECTION 3.03. Judgment Creditors. In the event that any Second Lien Secured Party
becomes a judgment lien creditor in respect of Collateral as a result of its enforcement of its
rights as an unsecured creditor, such judgment lien shall be subject to the terms of this Agreement
for all purposes (including in relation to the First Lien Obligations) as the other Liens securing
the Second Lien Obligations (created pursuant to the Second Lien Collateral Documents) subject to
this Agreement.

          SECTION 3.04. Cooperation. At such time when the First Lien Obligations have been
Paid in Full, the First Lien Representative further agrees to promptly execute and deliver all
further instruments and documents, and take all other actions necessary, or that the Second Lien
Representative may reasonably request, at the expense of the Grantors, to subordinate the Liens of
the First Lien Representative in the Collateral to the Liens of the Second Lien Representative in
the Collateral or to otherwise evidence the termination of the lien priority set forth in Section
2.01, or in furtherance thereof.

          SECTION 3.05. Purchase Right. Without prejudice to the enforcement of the First Lien Secured Parties’ remedies, the First
Lien Secured Parties agree that at any time during the 30-day period following (a) acceleration of
the First Lien Obligations in accordance with the terms of the Credit Agreement, (b) the
commencement of an Enforcement Action by the First Lien Secured Parties or (c) the commencement of
an Insolvency Proceeding with respect to any Grantor (each, a “Purchase Event”), one or
more of the Second Lien Secured Parties may request, and the First Lien Secured Parties hereby
offer the Second Lien Secured Parties the option, to purchase all, but not less than all, of the
aggregate amount of First Lien Obligations outstanding at the time of purchase at par, without
warranty or representation or recourse (except for representations and warranties required to be
made by assigning lenders pursuant to the Assignment and Acceptance (as such term is defined in the
Credit Agreement)). If such right is

11

 

exercised within the aforementioned 30-day period, the
parties shall endeavor to close promptly thereafter but in any event within ten (10) Business Days
of the request. If one or more of the Second Lien Secured Parties exercise such purchase right, it
shall be exercised pursuant to documentation mutually acceptable to each of the First Lien
Representative and the Second Lien Representative. If none of the Second Lien Secured Parties
exercise such right, the First Lien Secured Parties shall have no further obligations pursuant to
this Section 3.05 for such Purchase Event and may take any further actions in their sole discretion
in accordance with the First Lien Documents, and this Agreement.

          SECTION 3.06. No Additional Rights for any Grantor Hereunder. Except as provided in
Section 3.07, if any First Lien Secured Party or Second Lien Secured Party shall enforce its rights
or remedies in violation of the terms of this Agreement, no Grantor shall be entitled to use such
violation as a defense to any action by any First Lien Secured Party or Second Lien Secured Party,
nor to assert such violation as a counterclaim or basis for set off or recoupment against any First
Lien Secured Party or Second Lien Secured Party.

          SECTION 3.07. Actions Upon Breach. (a) If any Second Lien Secured Party, contrary
to this Agreement, commences or participates in any action or proceeding against the Collateral,
such Grantor may interpose as a defense or dilatory plea the making of this Agreement, and any
First Lien Secured Party may intervene and interpose such defense or plea in its or their name or
in the name of such Grantor.

          (b) Should any Second Lien Secured Party, contrary to this Agreement, in any way take, attempt
to or threaten to take any action with respect to the Collateral (including, without limitation,
any attempt to realize upon or enforce any remedy with respect to this Agreement), or fail to take
any action required by this Agreement, the First Lien Representative or any First Lien Secured
Party (in its or their own name or in the name of any Grantor) or any Grantor may obtain relief
against such Second Lien Secured Party by injunction, specific performance and/or other appropriate
equitable relief, it being understood and agreed by the Second Lien Representative on behalf of
each Second Lien Secured Party that (i) the First Lien Secured Parties’ damages from its actions
may at that time be difficult to ascertain and may be irreparable, and (ii) each Second Lien
Secured Party waives any defense that any Grantor and/or the First Lien Secured Parties cannot
demonstrate damage and/or be made whole by the awarding of damages.

ARTICLE IV

APPLICATION OF PROCEEDS OF COLLATERAL; DISPOSITIONS AND RELEASES OF

COLLATERAL; INSPECTION AND INSURANCE

          SECTION 4.01. Application of Proceeds; Turnover Provisions.
(a) The Second Lien Representative, on behalf of itself and the Second Lien Secured
Parties, agrees that it will not take or receive any Collateral or any proceeds of Collateral in
connection with the exercise of any right or remedy (including set-off or recoupment) with respect
to any Collateral in contravention of this Agreement, and that any Collateral or proceeds taken or
received by it for any reason in contravention of this Agreement will be paid over to the First
Lien Representative, unless and until all First Lien Obligations have been Paid in Full.

          (b) All proceeds of Collateral (including without limitation any interest earned thereon,
including any Post-Petition Interest) resulting from the sale, collection or other disposition of
Collateral in connection with or resulting from any Enforcement Action, and whether or not pursuant
to an Insolvency Proceeding with respect to any Grantor, shall be distributed as follows: first to
the First Lien Representative for application to the First Lien Obligations in accordance with the
terms of the First Lien Collateral Documents, until the First Lien Obligations have been Paid in
Full, second, to the Second Lien

12

 

Representative for application in accordance with the Second Lien
Collateral Documents and third, to the Company or such other Person as may be lawfully entitled to
such proceeds or as a court of competent jurisdiction may direct. Until the Payment in Full of the
First Lien Obligations, any Collateral, including without limitation any such Collateral
constituting proceeds, that may be received by any Second Lien Secured Party in violation of this
Agreement shall be segregated and held in trust and promptly paid over to the First Lien
Representative, for the benefit of the First Lien Secured Parties, in the same form as received,
with any necessary endorsements, and each Second Lien Secured Party hereby authorizes the First
Lien Representative to make any such endorsements as agent for the Second Lien Secured Parties
(which authorization, being coupled with an interest, is irrevocable). Notwithstanding the
foregoing, no Second Lien Secured Party shall be obligated to return funds received in accordance
with this Section 4.01(b) in respect of any claim by a First Lien Secured Party pursuant to clause
(a)(ii) of the definition of “Payment in Full” to the extent such funds were received prior to the
making of such claim.

          SECTION 4.02. Releases of Second-Priority Lien. (a) If in connection with the
exercise of the First Lien Representative’s rights and remedies in respect of the Collateral
resulting from the occurrence of an event of default under the First Lien Documents, the First Lien
Representative, for itself or on behalf of any of the First Lien Secured Parties, releases any of
its Liens on any part of the Collateral or, in connection with a disposition of any Grantor
pursuant to any such exercise of rights and remedies, releases any such Grantor from its
obligations under its guarantee of the First Lien Obligations, then the Liens, if any, of the
Second Lien Representative, for itself or for the benefit of the Second Lien Secured Parties, on
such Collateral, and the obligations of such Grantor under its guarantee of the Second Lien
Obligations, shall be automatically, unconditionally and simultaneously released.

          (b) If in connection with any release, sale or other disposition of any Collateral permitted
under the terms of the First Lien Documents (other than in connection with the exercise of the
First Lien Representative’s rights and remedies in respect of the Collateral under the First Lien
Documents), the First Lien Representative, for itself or on behalf of any of the First Lien Secured
Parties, releases any of its Liens on any part of the Collateral, or releases any Grantor from its
obligations under its guarantee of the First Lien Obligations, in each case other than in
connection with the Payment in Full of the First Lien Obligations, then the Liens, if any, of the
Second Lien Representative, for itself or for the benefit of the Second Lien Secured Parties, on
such Collateral, or the obligations of such Grantor under its guarantee of the Second Lien
Obligations, as the case may be, shall be automatically, unconditionally and simultaneously
released (provided that such release of Liens in favor of the Second Lien Representative or
guarantee in respect of the Second Lien Obligations is permitted under the Second Lien Documents).

          (c) Until the Payment in Full of the First Lien Obligations, the Second Lien Representative,
for itself and on behalf of the Second Lien Secured Parties, hereby irrevocably constitutes and
appoints the First Lien Representative and any officer or agent of the First Lien Representative,
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 the Second Lien Representative or such holder or in
the First Lien Representative’s own name, from time to time in the First Lien Representative’s
discretion, for the purpose of carrying out the terms of this Section 4.02, to take any and all
appropriate action and to execute any and all documents and instruments which may be necessary to
accomplish the purposes of this Section 4.02, including any endorsements or other instruments of
transfer or release.

          (d) The Second Lien Representative, on behalf of itself and the other Second Lien Secured
Parties, shall promptly execute and deliver such release documents and instruments and shall take
such further actions as the First Lien Representative shall request to evidence any release of the
second-priority Lien described in this Section 4.02.

13

 

          SECTION 4.03. Dealing With Collateral; Insurance. (a) In connection with the
exercise of the First Lien Representative’s rights and remedies in respect of the Collateral, the
First Lien Representative and its representatives and invitees may at any time repossess, remove
and otherwise deal with the Collateral, and the First Lien Representative may advertise and conduct
public auctions or private sales of the Collateral, in each case without notice to, the involvement
of or interference by the Second Lien Representative or any Second Lien Secured Party or liability
to the Second Lien Representative or any Second Lien Secured Party.

          (b) Until the First Lien Obligations have been Paid in Full, (i) the First Lien Representative
will have the sole and exclusive right (vis a vis the Second Lien Representative) (a) to adjust or
settle any insurance policy or claim covering the Collateral in the event of any loss thereunder
and (b) to approve any award granted in any condemnation or similar proceeding affecting the
Collateral and (ii) any provisions of any Second Lien Collateral Document that requires any Grantor
to list any Second Lien Secured Party as additional insured or loss payee under any insurance
policy maintained from time to time by the Grantors may be satisfied by listing the First Lien
Representative as additional insured or loss payee for the benefit of all of the First Lien Secured
Parties and all of the Second Lien Secured Parties.

ARTICLE V

INSOLVENCY PROCEEDINGS

          SECTION 5.01. Filing of Motions. Until the First Lien Obligations have been Paid in
Full, the Second Lien Representative agrees on behalf of itself and the other Second Lien Secured
Parties that neither the Second Lien Representative nor any Second Lien Secured Party shall, in or
in connection with any Insolvency Proceeding with respect to any Grantor, file any pleadings or
motions, take any position at any hearing or proceeding of any nature, or otherwise take any action
whatsoever, in each case in respect of any of the Collateral, including, without limitation, with
respect to the determination of any Liens or claims held by the First Lien Representative
(including the validity and enforceability thereof) or any other First Lien Secured Party or the
value of any claims of such parties under Section 506(a) of the Bankruptcy Code or otherwise;
provided that the Second Lien Representative may (i) file a claim or statement of interest in an
Insolvency Proceeding with respect to any Grantor, (ii) 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 of the Second Lien Secured
Parties,
including any claims secured by the Collateral, if any, or otherwise make any agreements or
file any motions or objections pertaining to the claims of the Second Lien Secured Parties, in each
case in accordance with and not inconsistent with the terms of this Agreement in order to create,
perfect, preserve or protect its Lien on the Collateral, (iii) file any pleadings, objections,
motions or agreements which assert rights or interests available to unsecured creditors of the
Grantors arising under either any Insolvency Proceeding with respect to any Grantor or applicable
non-Bankruptcy Law and not inconsistent with the terms of this Agreement, (iv) make a bid on all or
any portion of the Collateral in any foreclosure proceeding or action, including, for the avoidance
of doubt and without limitation, any sale pursuant to Section 363 of the Bankruptcy Code, which bid
shall include a cash portion at least equal to the First Lien Obligations and (v) take such other
actions which are not adverse to the Liens and interests of the First Lien Secured Parties or
otherwise inconsistent with the priorities of this Agreement (including as to releases and
including under Section 3.01) to preserve and protect its second priority Lien on the Collateral,
in each case with respect to the foregoing clauses (i) through (v), subject to the limitations
contained in this Agreement and only if consistent with the terms and the limitations on the Second
Lien Representative imposed hereby.

          SECTION 5.02. Financing Matters. Until the First Lien Obligations have been Paid in
Full, if any Grantor becomes subject to any Insolvency Proceeding, and if the First Lien
Representative or

14

 

one or more of the other First Lien Secured Parties desire to consent to the use
of cash collateral under the Bankruptcy Code or to provide financing to any Grantor under the
Bankruptcy Code (“DIP Financing”), then the Second Lien Representative agrees, on behalf of
itself and the other Second Lien Secured Parties, that the Second Lien Representative and each
Second Lien Secured Party (a) will be deemed to have consented to, will raise no objection to, nor
support any other Person objecting to, the use of such cash collateral or to such DIP Financing,
(b) will not request or accept adequate protection or any other relief in connection with the use
of such cash collateral or such DIP Financing except as set forth in Section 5.04 below, (c) will
subordinate (and will be deemed hereunder to have subordinated) the second-priority Liens (i) to
such DIP Financing on the same terms as the first-priority Liens are subordinated thereto (and such
subordination will not alter in any manner the terms of this Agreement), (ii) to any adequate
protection provided to the First Lien Secured Parties and (iii) to any “carve-out” for fees to the
agent and any arranger in respect of such DIP Financing agreed to by the First Lien Representative
and (d) agrees that notice received five calendar days prior to the entry of an order approving
such usage of cash collateral or approving such financing shall be adequate notice; provided that
(i) the aggregate principal amount of any DIP Financing, when taken together with any First Lien
Obligations that are not repaid with such DIP Financing, shall not exceed an amount equal to the
sum of (X) the First Lien Cap plus (Y) $100,000,000, (ii) the Liens on the collateral
securing the DIP Financing are senior to or pari passu with the Liens securing the First Lien
Obligations and (iii) the foregoing shall not prevent the Second Lien Secured Parties from (A)
proposing any other DIP Financing to any Grantor or to a court of competent jurisdiction or (B)
objecting to (1) any aspect of a DIP Financing relating to any provision or content of a plan of
reorganization or any sub rosa plan or (2) any DIP Financing if the Second Lien Secured Parties do
not receive replacement Liens on all post-petition assets of any Grantors in which any of the First
Lien Secured Parties obtain a replacement Lien (to the extent that such assets constitute
Collateral), in each case with the same priority as existed prior to such Insolvency Proceeding.

          SECTION 5.03. Relief From the Automatic Stay. The Second Lien Representative agrees,
on behalf of itself and the other Second Lien Secured Parties, that none of them will seek relief
from the automatic stay or from any other stay in any Insolvency Proceeding with respect to any
Grantor or take any action in derogation thereof, in each case in respect of any Collateral,
without the prior written consent of the First Lien Representative.

          SECTION 5.04. Adequate Protection. The Second Lien Representative, on behalf of
itself and the other Second Lien Secured Parties, agrees that none of them shall object, contest or
support any other Person objecting to or contesting, (a) any request by the First Lien
Representative or the First Lien Secured Parties for adequate protection, (b) any objection by the
First Lien Representative or any other First Lien Secured Parties to any motion, relief, action or
proceeding based on a claim of a lack of adequate protection or (c) the payment of interest, fees,
expenses or other amounts to the First Lien Representative or any other First Lien Secured Party
under Section 506(b) or 506(c) of the Bankruptcy Code or otherwise. Notwithstanding anything
contained in this Section 5.04 and in Section 5.02, in any Insolvency Proceeding with respect to
any Grantor, (i) if the First Lien Secured Parties (or any subset thereof) are granted adequate
protection in the form of additional collateral or superpriority claims in connection with any DIP
Financing or use of cash collateral, and the First Lien Secured Parties do not object to the
adequate protection being provided to them, then the Second Lien Representative, on behalf of
itself and any of the Second Lien Secured Parties, may seek or accept adequate protection solely in
the form of (x) a replacement Lien on such additional collateral, subordinated to the Liens
securing the First Lien Obligations and such DIP Financing on the same basis as the other Liens
securing the Second Lien Obligations are so subordinated to the First Lien Obligations under this
Agreement and (y) superpriority claims junior in all respects to the superpriority claims granted
to the First Lien Secured Parties, and (ii) in the event the Second Lien Representative, on behalf
of itself and the Second Lien Secured Parties, seeks or requests adequate protection and such
adequate protection is granted in the form of additional collateral, then the Second Lien
Representative, on behalf of itself or any of the Second Lien Secured

15

 

Parties, agrees that the
First Lien Representative shall also be granted a senior Lien on such additional collateral as
security for the First Lien Obligations and any such DIP Financing and that any Lien on such
additional collateral securing the Second Lien Obligations shall be subordinated to the Liens on
such collateral securing the First Lien Obligations and any such DIP Financing (and all Obligations
relating thereto) and any other Liens granted to the First Lien Secured Parties as adequate
protection on the same basis as the other Liens securing the Second Lien Obligations are
subordinated to such First Lien Obligations under this Agreement.

          SECTION 5.05. Avoidance Issues. If any First Lien Secured Party is required in any
Insolvency Proceeding with respect to any Grantor or otherwise to disgorge, turn over or otherwise
pay to the estate of any Grantor, because such amount was avoided or ordered to be paid or
disgorged for any reason, including without limitation because it was found to be a fraudulent or
preferential transfer, any amount (a “Recovery”), whether received as proceeds of security,
enforcement of any right of set-off or otherwise, then the First Lien Obligations shall be
reinstated to the extent of such Recovery and deemed to be outstanding as if such payment had not
occurred and the First Lien Obligations shall be deemed not to have been Paid in Full. If this
Agreement shall have been terminated prior to such 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. The Second Lien Representative and the
Second Lien Secured Parties agree that none of them shall be entitled to benefit from any avoidance
action affecting or otherwise relating to any distribution or allocation made in accordance with
this Agreement, whether by preference or otherwise, it being understood and agreed that the benefit
of such avoidance action otherwise allocable to them shall instead by allocated and turned over for
application in accordance with the priorities set forth in this Agreement.

          SECTION 5.06. Asset Dispositions in an Insolvency Proceeding, etc. None of the Second Lien Representative nor any other Second Lien Secured Party shall oppose
any sale or disposition of any assets of any Grantor conducted in accordance with Section 363 of
the Bankruptcy Code that is supported by the First Lien Secured Parties, and the Second Lien
Representative and each other Second Lien Secured Party will be deemed to have consented under
Section 363 of the Bankruptcy Code to any sale supported by the First Lien Secured Parties and to
have released their Liens in such assets (so long as the Liens of the Second Lien Secured Parties
attach to the proceeds of any such sale (with such Liens on such proceeds subject to the terms of
this Agreement)).

          SECTION 5.07. Separate Grants of Security and Separate Classification. Each Second
Lien Secured Party acknowledges and agrees that (a) the grants of Liens pursuant to the First Lien
Collateral Documents and the Second Lien Collateral Documents constitute two separate and distinct
grants of Liens and (b) because of, among other things, their differing rights in the Collateral,
the Second Lien Obligations are fundamentally different from the First Lien Obligations and must be
separately classified in any plan of reorganization proposed or adopted in an Insolvency Proceeding
with respect to any Grantor. To further effectuate the intent of the parties as provided in the
immediately preceding sentence, if it is held that the claims against the First Lien Secured
Parties and Second Lien Secured Parties in respect of the Collateral constitute only one secured
claim (rather than separate classes of senior and junior secured claims), then the Second Lien
Secured Parties hereby acknowledge and agree that all distributions shall be made as if there were
separate classes of senior and junior secured claims against any Grantor in respect of the
Collateral (with the effect being that, to the extent that the aggregate value of the Collateral is
sufficient (for this purpose ignoring all claims held by the Second Lien Secured Parties), the
First Lien Secured Parties shall be entitled to receive, in addition to amounts distributed to them
in respect of principal, pre-petition interest and other claims, all amounts owing in respect of
Post-Petition Interest before any distribution is made in respect of the claims held by the Second
Lien Secured Parties, with the Second Lien Representative and the Second Lien Secured Parties
hereby acknowledging and agreeing to turn over to the First Lien Secured Parties amounts otherwise
received or receivable by them

16

 

to the extent necessary to effectuate the intent of this sentence,
even if such turnover has the effect of reducing the claim or recovery of the Second Lien Secured
Parties).

          SECTION 5.08. No Waivers of Rights of First Lien Secured Parties. Except with
respect to requests for post-petition interest, fees and expenses by the Second Lien Representative
or any Second Lien Secured Party as described in Section 5.11(b), nothing contained herein shall
prohibit or in any way limit the First Lien Representative or any other First Lien Secured Party
from objecting in any Insolvency Proceeding with respect to any Grantor or otherwise to any action
taken by the Second Lien Representative or any Second Lien Secured Party, including the seeking by
any Second Lien Secured Party of adequate protection or the asserting by any Second Lien Secured
Party of any of its rights and remedies under the Second Lien Collateral Documents or otherwise.

          SECTION 5.09. Plans of Reorganization. Nothing in this Agreement shall prevent any
Second Lien Secured Party from exercising its rights to vote in favor of or against a plan of
reorganization in respect of any Insolvency Proceeding with respect to any Grantor.

          SECTION 5.10. Reorganization Securities. If, in any Insolvency Proceeding with
respect to any Grantor, debt obligations of the reorganized debtor secured by Liens upon any
property of the reorganized debtor are distributed pursuant to a plan of reorganization or similar
dispositive restructuring plan, both on account of First Lien
Obligations and on account of Second Lien Obligations, then, to the extent the debt
obligations distributed on account of the First Lien Obligations and on account of the Second Lien
Obligations are secured by Liens upon the same 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.

          SECTION 5.11. Post-Petition Claims. (a) Neither the Second Lien Representative nor
any other Second Lien Secured Party shall oppose or seek to challenge any claim by the First Lien
Representative or any First Lien Secured Party for Post-Petition Interest, fees, costs, charges or
expenses to the extent of the value of the First Lien Representative’s Lien held for the benefit of
the First Lien Secured Parties, without regard to the existence of the Lien of the Second Lien
Representative on behalf of the Second Lien Secured Parties on the Collateral.

          (b) Neither the First Lien Representative nor any other First Lien Secured Party shall oppose
or seek to challenge any claim by the Second Lien Representative or any Second Lien Secured Party
for allowance in any Insolvency Proceeding with respect to any Grantor of Second Lien Obligations
consisting of Post-Petition Interest, fees, costs, charges or expenses to the extent of the value
of the Lien of the Second Lien Representative on behalf of the Second Lien Secured Parties on the
Collateral (after taking into account the value of the First Lien Obligations).

          SECTION 5.12. Waiver. The Second Lien Representative, for itself and on behalf of
the Second Lien Secured Parties, waives any claim it or they may hereafter have against the First
Lien Representative or any First Lien Secured Party arising out of the election of the First Lien
Representative or any First Lien Secured Party of the application of Section 1111(b)(2) of the
Bankruptcy Code, or out of any cash collateral or financing arrangement or out of any grant of a
security interest in connection with the Collateral in any Insolvency Proceeding with respect to
any Grantor.

          SECTION 5.13. Expense Claims. Neither the Second Lien Representative nor any Second
Lien Secured Party will assert or enforce, at any time prior to Payment in Full of all First Lien
Obligations, any claim under Section 506(c) of the Bankruptcy Code senior to or on parity with the
First Lien Obligations for costs or expenses of preserving or disposing of any Collateral.

17

 

          SECTION 5.14. Other Matters. To the extent that the Second Lien Representative or
any Second Lien Secured Party has or acquires rights under Section 363 or Section 364 of the
Bankruptcy Code with respect to any of the Collateral, the Second Lien Representative agrees, on
behalf of itself and the other Second Lien Secured Parties, not to assert any of such rights
without the prior written consent of the First Lien Representative; provided that if requested by
the First Lien Representative, the Second Lien Representative shall timely exercise such rights in
the manner requested by the First Lien Representative, including any rights to payments in respect
of such rights.

ARTICLE VI

AMENDMENTS AND REFINANCINGS

          SECTION 6.01. Amendments to First Lien Documents and Second Lien Documents. (a) The
First Lien Collateral Documents, the Credit Agreement and all other First Lien Documents may be
amended, restated, supplemented or otherwise modified in accordance with their terms, new First
Lien Documents may be entered into, and the Credit Agreement may be refinanced, replaced or
refunded, with the same or different lenders or representatives in a Permitted Refinancing and
whether or not with an intervening period of time in between, in each case without the consent of
the Second Lien Representative or the Second Lien Secured Parties; provided, however, that (i) in
connection with any Permitted Refinancing, the holders of any such Permitted Refinancing debt (or
the agent or other representative of such holders on behalf of such holders) agree in a writing
addressed to the Second Lien Representative to be bound by the terms of this Agreement as a First
Lien Secured Party and (if applicable) the First Lien Representative hereunder and (ii) any such
amendment, supplement or modification, or entry into any such new First Lien Document, shall not be
permitted without the consent of the Second Lien Representative to the extent that any such
amendment, restatement, supplement or other modification, or the terms of any such new First Lien
Document, would (A) except in connection with any Permitted Refinancing, increase the “Applicable
Margin” or similar component of the interest rate by more than 6% per annum (excluding increases
resulting from the accrual of interest at the default rate) or (B) be prohibited by, or would
require any Grantor to act or refrain from acting in a manner that would violate, any of the terms
of this Agreement.

          (b) The Second Lien Collateral Documents, the Second Lien Indenture and all other Second Lien
Documents may be amended, supplemented or otherwise modified in accordance with their terms, new
Second Lien Documents may be entered into, and the Second Lien Indenture may be refinanced,
replaced or refunded, with the same or different lenders or representatives in a Permitted
Refinancing, in each case without the consent of the First Lien Representative or the First Lien
Secured Parties; provided, however, that (i) in connection with any Permitted Refinancing, the
holders of any such Permitted Refinancing debt (or the agent or other representative of such
holders on behalf of such holders) agree in a writing addressed to the First Lien Representative to
be bound by the terms of this Agreement as a Second Lien Secured Party and (if applicable) the
Second Lien Representative hereunder and (ii) any such amendment, supplement or modification, or
entry into any such new Second Lien Document, shall not be permitted without the consent of the
First Lien Representative to the extent that any such amendment, supplement or other modification,
or the terms of any such new Second Lien Document, would (A) except in connection with any
Permitted Refinancing, increase the “Applicable Margin” or similar component of the interest rate
by more than 6% per annum (excluding increases resulting from the accrual of interest at the
default rate) or (B) be prohibited by, or would require any Grantor to act or refrain from acting
in a manner that would violate, any of the terms of this Agreement.

          (c) The Second Lien Representative, on behalf of the Second Lien Secured Parties, agrees that
each Second Lien Collateral Document shall include the following language (or language to similar
effect as shall be reasonable satisfactory for the First Lien Representative):

18

 

          “Notwithstanding anything herein to the contrary, the liens and security interest granted to
the Second Lien Representative, for the benefit of the Second Lien Secured Parties, pursuant to
this Agreement and the exercise of any right or remedy by the Second Lien Representative, for the
benefit of the Second Lien Secured Parties, hereunder are subject to the provisions of that certain
Intercreditor Agreement, dated as of March 5, 2010 (as amended, restated, supplemented or otherwise
modified from
time to time, the “Intercreditor Agreement”), among Citicorp USA, Inc. as First Lien
Representative, The Bank of New York Mellon, as Second Lien Representative, Eastman Kodak Company,
the direct and indirect subsidiaries of the Company party thereto and such other parties as may be
added thereto from time to time. In the event of any conflict between the terms of the
Intercreditor Agreement and this Agreement, the terms of the Intercreditor Agreement shall govern.”

          SECTION 6.02. When Payment in Full of First Lien Obligations Deemed to Not Have
Occurred. If, at any time after the Payment in Full of the First Lien Obligations, the Company
thereafter enters into any First Lien Document evidencing a First Lien Obligation which is a
Permitted Refinancing permitted by the Second Lien Documents, then such Payment in Full of the
First Lien Obligations shall automatically be deemed not to have occurred for all purposes of this
Agreement (other than with respect to any actions taken as a result of the occurrence of such
Payment in Full of the First Lien Obligations), and, from and after the date on which the New First
Lien Obligations Notice (as defined below) is delivered to the Second Lien Representative in
accordance with the next sentence, the obligations under such Permitted Refinancing of such First
Lien Document shall automatically be treated as First Lien Obligations for all purposes of this
Agreement, including for purposes of the Lien priorities and rights in respect of Collateral set
forth herein, and the agent under such First Lien Documents shall be the First Lien Representative
for all purposes of this Agreement. Upon receipt of a notice from the Company (the “New First
Lien Obligations Notice”) stating that the Company has entered into a new First Lien Document
(which notice shall include the identity of the new first lien agent, such agent, the “New
First Lien Representative”), the Second Lien Representative shall promptly, at the expense of
the Company, (a) enter into such documents and agreements (including amendments or supplements to
this Agreement) as the Company or such New First Lien Representative shall reasonably request in
order to provide to the New First Lien Representative the rights contemplated hereby, in each case
consistent in all material respects with the terms of this Agreement, and (b) deliver to the New
First Lien Representative any pledged Collateral held by it together with any necessary
endorsements (or otherwise allow the New First Lien Representative to obtain control of such
pledged Collateral). The New First Lien Representative shall agree in a writing addressed to the
Second Lien Representative for the benefit of itself and the Second Lien Secured Parties to be
bound by the terms of this Agreement. If the new First Lien Obligations under the new First Lien
Documents are secured by assets of the Grantors constituting Collateral that do not also secure the
Second Lien Obligations, then the Second Lien Obligations shall be secured at such time by a second
priority Lien on such assets to the same extent provided in the Second Lien Collateral Documents
and this Agreement.

ARTICLE VII

RELIANCE; WAIVERS; ETC.

          SECTION 7.01. Reliance. The First Lien Collateral Documents and the Credit Agreement
are deemed to have been executed and delivered, and all extensions of credit thereunder are deemed
to have been made or incurred, in reliance upon this Agreement. The Second Lien Representative, on
behalf of it itself and the Second Lien Secured Parties, expressly waives all notice of the
acceptance of and reliance on this Agreement by the First Lien Secured Parties. The Second Lien
Collateral Documents and the Second Lien Indenture are each deemed to have been executed and
delivered, and all extensions of credit thereunder are deemed to have been made or incurred, in
reliance upon this Agreement. The First Lien Representative, on behalf of itself and the First Lien Secured

19

 

Parties, expressly waives all
notices of the acceptance of and reliance by the Second Lien Representative and the Second Lien
Secured Parties.

          SECTION 7.02. No Warranties or Liability. The Second Lien Representative and the
First Lien Representative acknowledge and agree that neither has made any representation or
warranty with respect to the execution, validity, legality, completeness, collectibility or
enforceability of any First Lien Collateral Document or any Second Lien Collateral Document.
Except as otherwise provided in this Agreement, the Second Lien Representative and the First Lien
Representative will be entitled to manage and supervise their respective extensions of credit to
any Grantor in accordance with law and their usual practices, modified from time to time as they
deem appropriate.

          SECTION 7.03. No Waivers. No right or benefit of any party hereunder shall at any
time in any way be prejudiced or impaired by any act or failure to act on the part of such party or
any other party hereto or by any noncompliance by any Grantor with the terms and conditions of any
of the First Lien Documents or the Second Lien Documents.

ARTICLE VIII

OBLIGATIONS UNCONDITIONAL

          SECTION 8.01. First Lien Obligations Unconditional. All rights and interests of the
First Lien Representative under this Agreement, and all agreements and obligations of the Second
Lien Representative, the Company and the other Grantors (to the extent applicable) under this
Agreement, shall remain in full force and effect irrespective of:

     (a) any lack of validity or enforceability of any First Lien Document;

     (b) any change in the time, place or manner of payment of, or in any other term of, all
or any portion of the First Lien Obligations, or any amendment, waiver or other
modification, whether by course of conduct or otherwise, or any refinancing, replacement,
refunding or restatement of any First Lien Document;

     (c) prior to the Payment in Full of the First Lien Obligations, any exchange, release,
voiding, avoidance or non-perfection of any security interest in any Collateral or any other
collateral, or any release, amendment, waiver or other modification, whether by course of
conduct or otherwise, or any refinancing, replacement, refunding or restatement of all or
any portion of the First Lien Obligations or any guarantee or guaranty thereof; or

     (d) any exercise or delay in or refrain from exercising any right or remedy, any
election of remedies, any taking or failure to take any Liens or additional Liens, as well
as any other circumstances that otherwise might constitute a defense available to, or a
discharge of, any Grantor in respect of the First Lien Obligations, or of the Second Lien
Representative, or any Grantor, to the extent applicable, in respect of this Agreement.

          SECTION 8.02. Second Lien Obligations Unconditional. Subject to compliance with the terms of this Agreement, all rights and interests of the
Second Lien Representative under this Agreement, and all agreements and obligations of the First
Lien Representative, the Company and the other Grantors (to the extent applicable) under this
Agreement, shall remain in full force and effect irrespective of:

     (a) any lack of validity or enforceability of any Second Lien Document;

20

 

     (b) any change in the time, place or manner of payment of, or in any other term of, all
or any portion of the Second Lien Obligations, or any amendment, waiver or other
modification, whether by course of conduct or otherwise, or any refinancing, replacement,
refunding or restatement of any Second Lien Document;

     (c) any exchange, release, voiding, avoidance or non-perfection of any security
interest in any Collateral, or any release, amendment, waiver or other modification, whether
by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement
of all or any portion of the Second Lien Obligations or any guarantee or guaranty thereof;
or

     (d) any other circumstances that otherwise might constitute a defense available to, or
a discharge of, any Grantor in respect of the Second Lien Obligations, or of the First Lien
Representative, or any Grantor, to the extent applicable, in respect of this Agreement.

ARTICLE IX

MISCELLANEOUS

          SECTION 9.01. Conflicts. In the event of any conflict between the provisions of this
Agreement and the provisions of the Credit Agreement, the Second Lien Indenture, any First Lien
Document or any Second Lien Document, the provisions of this Agreement shall govern.

          SECTION 9.02. Continuing Nature of Provisions. Subject to the fifth sentence of this
Section 9.02, this Agreement shall continue to be effective, and shall not be revocable by any
party hereto, until the First Lien Obligations shall be Paid in Full. Notwithstanding the
foregoing, the Second Lien Representative, on behalf of itself and the Second Lien 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. All references to the Company or any other
Grantor shall include the Company or such Grantor as debtor and debtor-in-possession and any
receiver or trustee for the Company or any other Grantor (as the case may be) in any Insolvency
Proceeding. This Agreement shall terminate and be of no further force and effect, (i) with respect
to the Second Lien Representative, the Second Lien Secured Parties and the Second Lien Obligations,
upon the later of (1) the date upon which the obligations under the Second Lien Indenture terminate
if there are no other Second Lien Obligations outstanding on such date and (2) if there are other
Second Lien Obligations outstanding on such date, the date upon which such Second Lien Obligations
terminate and (ii) with respect to any First Lien Representative, any First Lien Secured Parties
and any First Lien Obligations, the date of notification by the Company to the Second Lien
Representative of termination of this Agreement after all such First Lien Obligations have been
Paid in Full, subject to the rights of the First Lien Secured Parties under Section 5.05 of this
Agreement. This is a continuing agreement and the First Lien Secured Parties and the Second Lien
Secured Parties may continue, at any time and without notice to
the other parties hereto, to extend credit and other financial accommodations, lend monies and
provide indebtedness to, or for the benefit of, Company or any other Grantor on the faith hereof.

          SECTION 9.03. Amendments; Waivers. No amendment or modification of any of the
provisions of this Agreement shall be effective unless the same shall be in writing and signed by
the First Lien Representative, the Second Lien Representative and, only if the rights or duties of
any Grantor are directly affected thereby, such Grantor.

          SECTION 9.04. Information Concerning Financial Condition of the Company and the other
Grantors. Each of the Second Lien Representative and the First Lien Representative hereby
assumes responsibility for keeping itself informed of the financial condition of the Company and
each of

21

 

the other Grantors and all other circumstances bearing upon the risk of nonpayment of the
First Lien Obligations or the Second Lien Obligations. Each of the Second Lien Representative and
the First Lien Representative hereby agrees that no party shall have any duty to advise any other
party of information known to it regarding such condition or any such circumstances. In the event
the Second Lien Representative or the First Lien Representative, in its sole discretion, undertakes
at any time or from time to time to provide any information to any other party to this Agreement,
it shall be under no obligation (a) to provide any such information to such other party or any
other party on any subsequent occasion, (b) to undertake any investigation not a part of its
regular business routine, or (c) to disclose any other information.

          SECTION 9.05. Governing Law. This Agreement shall be construed in accordance with
and governed by the laws of the State of New York.

          SECTION 9.06. Submission to Jurisdiction. (a) Each party hereto hereby irrevocably
and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the
Supreme Court of the State of New York sitting in New York County and of the United States District
Court of the Southern District of New York, and any appellate court from any thereof, in any action
or proceeding arising out of or relating to this Agreement, or for recognition or enforcement of
any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all
claims in respect of any such action or proceeding may be heard and determined in such New York
State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees
that a final judgment in any such action or proceeding shall be conclusive and may be enforced in
other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in
this Agreement shall affect any right that any party may otherwise have to bring any action or
proceeding relating to this Agreement or any of the other First Lien Documents or Second Lien
Documents in the courts of any jurisdiction.

          (b) The Company, each other Grantor, the Second Lien Representative, the Second Lien Secured
Parties, the First Lien Representative and the First Lien Secured Parties each hereby irrevocably
and unconditionally waive, to the fullest extent they may legally and effectively do so, (i) any
right to trial by jury with respect to the matters covered by this Agreement, (ii) any objection
they may now or hereafter have to the laying of venue of any suit, action or proceeding arising out
of or relating to this Agreement in any court referred to in paragraph (a) of this Section 9.06 and
(iii) the defense of an inconvenient forum to the maintenance of such action or proceeding.

          (c) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 9.07. Nothing in this Agreement will affect the right of any party
to this Agreement to serve process in any other manner permitted by law.

          SECTION 9.07. Notices. 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, telecopied, e-mailed, or sent by overnight express courier service or United
States mail, and shall be deemed to have been given when delivered in person or by courier service,
upon receipt of a telecopy or five (5) days after deposit in the United States mail (certified,
with postage prepaid and properly addressed). For the
purposes hereof, the addresses of the parties hereto (until notice of a change thereof is
delivered as provided in this Section 9.07) shall be if to the Company, at 343 State Street,
Rochester, New York, 14650, Attention: Treasurer, Facsimile: (585) 724-9549 and Attention: General
Counsel, Facsimile: (585) 724-9549; if to the First Lien Representative, at 1615 Brett Road, Bldg.
3, New Castle, Delaware, 19720, Attention: Bank Loan Syndications Department, Facsimile: (212)
994-0849; if to the Second Lien Representative, at 101 Barclay Street, Floor 8W, New York, New
York, 10286, Attention: Corporate Trust Administration, Facsimile: (732) 667-9185; 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.

22

 

          SECTION 9.08. Subrogation. The Second Lien Representative, on behalf of itself and
the Second Lien Secured Parties, hereby waives any rights of subrogation it may acquire as a result
of any payment hereunder until the Payment in Full of all First Lien Obligations has occurred.

          SECTION 9.09. Successors and Assigns. This Agreement shall be binding upon and inure
to the benefit of each of the parties hereto and each of the First Lien Secured Parties and Second
Lien Secured Parties and their respective successors and assigns, and nothing herein is intended,
or shall be construed to give, any other Person any right, remedy or claim under, to or in respect
of this Agreement or any Collateral. All references to the Company or any other Grantor shall
include any of the Company or such Grantor as debtor-in-possession and any receiver or trustee for
the Company or such Grantor in any Insolvency Proceeding.

          SECTION 9.10. Severability. Any provision of this Agreement held to be invalid,
illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such invalidity, illegality or unenforceability without affecting the validity, legality
and enforceability of the remaining provisions hereof; and the invalidity of a particular provision
in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

          SECTION 9.11. Counterparts; Integration; Effectiveness. This Agreement may be
executed in counterparts (and by different parties hereto on different counterparts), each of which
shall constitute an original, but all of which when taken together shall constitute a single
contract. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or
in .pdf or other electronic format by electronic mail shall be effective as delivery of a manually
executed counterpart of this Agreement. This Agreement shall become effective when it shall have
been executed by each party hereto.

          SECTION 9.12. Provisions to Define Relative Rights. The provisions of this Agreement
are intended for the purpose of defining the relative rights of the First Lien Secured Parties, on
the one hand, and the Second Lien Secured Parties, on the other hand with respect to the
Collateral. Except as expressly provided herein, none of the Company, any other Grantor or any
other creditor thereof shall have any rights hereunder, and none of the Company or any other
Grantor may rely on the terms hereof. Nothing in this Agreement is intended to or shall impair the
obligations of the Company or any other Grantor, which are absolute and unconditional, to pay the
First Lien Obligations and the Second Lien Obligations as and when the same shall become due and
payable in accordance with their terms.

          SECTION 9.13. Rights as an Unsecured Creditor. Except as otherwise set forth in this
Agreement (a) the Second Lien Representative and the Second Lien Secured Parties may exercise all
rights and remedies available to unsecured creditors in accordance with the terms of the Second
Lien Indenture, the Second Lien Collateral Documents and applicable law and this Agreement, and (b)
nothing in this Agreement shall prohibit the receipt by the Second Lien Representative or the
Second Lien Secured Parties of the required payments of principal and interest and other amounts,
so long as such receipt is not the direct or indirect result of the exercise of the Second Lien
Representative or any Second Lien Secured Party of an Enforcement Action in contravention of this
Agreement.

          SECTION 9.14. Representative Provisions. Each of the First Lien Representative and
the Second Lien Representative is executing and delivering this Agreement solely in its capacity as
agent for the First Lien Secured Parties or the Second Lien Secured Parties, as the case may be,
and pursuant to the direction set forth in the First Lien Documents or the Second Lien Documents,
as the case may be. Neither the First Lien Representative nor the Second Lien Representative shall
be responsible for the terms or sufficiency of this Agreement for any purpose. Neither the First
Lien Representative nor the Second Lien Representative shall have any duties or obligations under
or pursuant to this Agreement

23

 

other than such duties as may be expressly set forth in this as
duties on its part to be performed or observed. In entering into this Agreement, or in taking (or
forbearing from) any action under or pursuant to this Agreement, each of the First Lien
Representative and the Second Lien Representative shall have and be protected by all of the rights,
immunities, indemnities and other protections granted to it under the First Lien Documents or the
Second Lien Documents, as the case may be. Neither the First Lien Representative nor the Second
Lien Representative shall have any liability or responsibility for the actions or omissions of any
other Secured Party, or for any other Secured Party’s compliance with (or failure to comply with)
the terms of this Agreement.

          SECTION 9.15. Additional Grantors. The Company shall cause each of its direct or
indirect subsidiaries that becomes a Grantor or is required by any First Lien Document or Second
Lien Document to become a party to this Agreement to become a party to this Agreement by causing
such subsidiary to execute and deliver to the parties hereto a Grantor Joinder, pursuant to which
such subsidiary shall agree to be bound by the terms of this Agreement to the same extent as if it
had executed and delivered this Agreement as of the date hereof. The Company agrees to provide to
each of the First Lien Representative, the Second Lien Representative and the Second Lien Trustee a
copy of each Grantor Joinder executed and delivered pursuant to this Section 9.15.

[Remainder of Page Intentionally Left Blank]

24

 

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above.

	 	 	 	 	 
	 	CITICORP USA, INC., as

First Lien Representative for and

on behalf of the First Lien Secured Parties

 	 
	 	By:  	/s/ Jeffrey Stern
 	 
	 	 	Name:  	Jeffrey Stern 	 
	 	 	Title:  	Vice President 	 
	 

	 	 	 	 	 
	 	THE BANK OF NEW YORK MELLON, as

Second Lien Representative for and

on behalf of the Second Lien Secured Parties

 	 
	 	By:  	/s/ Franca M. Ferrera
 	 
	 	 	Name:  	Franca M. Ferrera 	 
	 	 	Title:  	Senior Associate 	 
	 

Signature Page to Intercreditor Agreement

 

 

	 	 	 	 	 
	 	EASTMAN KODAK COMPANY

 	 
	 	By:  	/s/ William G. Love
 	 
	 	 	Name:  	William G. Love 	 
	 	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	CREO MANUFACTURING AMERICA LLC

KODAK AVIATION LEASING LLC

 	 
	 	By:  	/s/ William G. Love
 	 
	 	 	Name:  	William G. Love 	 
	 	 	Title:  	Manager 	 
	 
	 	EASTMAN GELATINE CORPORATION

EASTMAN KODAK INTERNATIONAL

               CAPITAL COMPANY, INC.

FAR EAST DEVELOPMENT LTD.

FPC INC.

KODAK (NEAR EAST), INC.

KODAK AMERICAS, LTD.

KODAK IMAGING NETWORK, INC.

KODAK PORTUGUESA LIMITED

KODAK REALTY, INC.

LASER EDIT, INC.

LASER-PACIFIC MEDIA CORPORATION

PACIFIC VIDEO, INC.

PAKON, INC.

QUALEX, INC.

 	 
	 	By:  	/s/ William G. Love
 	 
	 	 	Name:  	William G. Love 	 
	 	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	KODAK PHILIPPINES, LTD.

NPEC INC.

 	 
	 	By:  	/s/ William G. Love
 	 
	 	 	Name:  	William G. Love 	 
	 	 	Title:  	Assistant Treasurer 	 
	 

Signature Page to Intercreditor Agreement

 

 

EXHIBIT A

to Intercreditor Agreement

FORM OF JOINDER AGREEMENT

     Reference is made to that certain Intercreditor Agreement, dated as of March 5, 2010 (as
amended, restated, supplemented or otherwise modified from time to time, the “Intercreditor
Agreement”), among EASTMAN KODAK CORPORATION, a New Jersey corporation, the other Grantors
party thereto from time to time, [___________], as First Lien Representative, [_________], as
Second Lien Representative, and certain other Persons party thereto from time to time. Capitalized
terms used herein without definition shall have the meaning assigned thereto in the Intercreditor
Agreement.

     This Joinder Agreement, dated as of __________, 20__ (this “Grantor Joinder”), is
being delivered pursuant to Section 9.15 of the Intercreditor Agreement.

     The undersigned, __________, a __________ (the “Joining 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 Joining 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 Article IX of the Intercreditor Agreement shall apply with like effect to
this Grantor Joinder.

[Signature Pages Follow]

 

 

          IN WITNESS WHEREOF, the Joining Grantor has caused this Grantor Joinder to be duly executed by
its authorized representative as of the day and year first above written.

	 	 	 	 	 
	 	[JOINING GRANTOR]

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

          Each of the First Lien Representative and the Second Lien Representative acknowledges receipt
of this Grantor Joinder and agrees to act as First Lien Representative and the Second Lien
Representative, respectively, with respect to the Collateral pledged by the Joining Grantor, as of
the day and year first above written.

	 	 	 	 	 
	 	[_________________],

as First Lien Representative

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	[_________________],

as Second Lien Representative

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00186-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00186-of-00352.parquet"}]]