Document:

Series 2007-1 Supplement to Base Indenture dated as of 4-16-2007

 EXHIBIT 10.2 
 DOMINO’S PIZZA MASTER ISSUER LLC, 
 DOMINO’S PIZZA DISTRIBUTION LLC, 
 DOMINO’S IP HOLDER LLC and 
 DOMINO’S SPV CANADIAN HOLDING COMPANY INC. 
 each as Co-Issuer 
 and 
 CITIBANK, N.A., 
 as Trustee and Series 2007-1 Securities Intermediary 
  

 SERIES 2007-1 SUPPLEMENT 
 dated as of April 16, 2007 
 to 
 BASE INDENTURE 
 dated as of April 16, 2007 
  

 $150,000,000 Series 2007-1 Variable
Funding Senior Notes, Class A-1 
 $1,600,000,000 5.261% Fixed Rate Series 2007-1 Senior Notes, Class A-2 
 $100,000,000 7.629% Fixed Rate Series 2007-1 Subordinated Notes, Class M-1 
  

 Table of Contents 
  

					
	 	  	 	  	Page
	PRELIMINARY STATEMENT	  	1
		
	DESIGNATION	  	1
		
	ARTICLE I DEFINITIONS	  	2
		
	ARTICLE II INITIAL ISSUANCE, INCREASES AND DECREASES OF SERIES 2007-1 CLASS A-1 OUTSTANDING PRINCIPAL AMOUNT	  	2
			
	 Section 2.1
	  	Procedures for Issuing and Increasing the Series 2007-1 Class A-1 Outstanding Principal Amount	  	2
	 Section 2.2
	  	Procedures for Decreasing the Series 2007-1 Class A-1 Outstanding Principal Amount	  	3
		
	ARTICLE III SERIES 2007-1 ALLOCATIONS; PAYMENTS	  	5
			
	 Section 3.1
	  	Allocations with Respect to the Series 2007-1 Notes	  	5
	 Section 3.2
	  	Application of Weekly Collections on Weekly Allocation Dates to the Series 2007-1 Notes; Quarterly Payment Date Applications	  	5
	 Section 3.3
	  	Certain Distributions from Series 2007-1 Distribution Accounts	  	8
	 Section 3.4
	  	Series 2007-1 Class A-1 Interest and Certain Fees	  	9
	 Section 3.5
	  	Series 2007-1 Class A-2 Interest	  	11
	 Section 3.6
	  	Series 2007-1 Class M-1 Interest	  	13
	 Section 3.7
	  	Payment of Series 2007-1 Note Principal	  	15
	 Section 3.8
	  	Series 2007-1 Class A-1 Distribution Account	  	21
	 Section 3.9
	  	Series 2007-1 Class A-2 Distribution Account	  	23
	 Section 3.10
	  	Series 2007-1 Class M-1 Distribution Account	  	24
	 Section 3.11
	  	Trustee as Securities Intermediary	  	26
	 Section 3.12
	  	Master Servicer	  	28
		
	ARTICLE IV FORM OF SERIES 2007-1 NOTES	  	28
			
	 Section 4.1
	  	Issuance of Series 2007-1 Class A-1 Notes	  	28
	 Section 4.2
	  	Issuance of Series 2007-1 Class A-2 Notes	  	30
	 Section 4.3
	  	Issuance of Series 2007-1 Class M-1 Notes	  	31
	 Section 4.4
	  	Transfer Restrictions of Series 2007-1 Class A-1 Notes.	  	32
	 Section 4.5
	  	Transfer Restrictions of Series 2007-1 Class A-2 Notes.	  	35
	 Section 4.6
	  	Transfer Restrictions of Series 2007-1 Class M-1 Notes.	  	41
	 Section 4.7
	  	Section 3(c)(7) Procedures.	  	47
	 Section 4.8
	  	Note Owner Representations and Warranties	  	50

  

 (i) 

					
	ARTICLE V GENERAL	  	51
			
	 Section 5.1
	  	Information	  	51
	 Section 5.2
	  	Exhibits	  	52
	 Section 5.3
	  	Ratification of Base Indenture	  	52
	 Section 5.4
	  	Certain Notices to the Series 2007-1 Class A Insurers and Rating Agencies	  	52
	 Section 5.5
	  	Third-Party Beneficiary	  	52
	 Section 5.6
	  	Prior Notice by Trustee to Series 2007-1 Class A Lead Insurer	  	53
	 Section 5.7
	  	Subrogation	  	53
	 Section 5.8
	  	Counterparts	  	53
	 Section 5.9
	  	Governing Law	  	53
	 Section 5.10
	  	Amendments	  	53
	 Section 5.11
	  	Termination of Series Supplement	  	53
	 Section 5.12
	  	Discharge of Indenture	  	54
	 Section 5.13
	  	Effect of Payment by the Series 2007-1 Class A-1 Insurers	  	54
	 Section 5.14
	  	Claims on Series 2007-1 Class A Policies.	  	55
	 Section 5.15
	  	Fiscal Year End	  	55
			
	ANNEXES	  		  	
			
	Annex A	  	 Series 2007-1 Supplemental Definitions List
	  	
			
	EXHIBITS	  		  	
			
	Exhibit A-1-1:	  	 Form of Series 2007-1 Class A-1 Advance Note
	  	
	Exhibit A-1-2:	  	 Form of Series 2007-1 Class A-1 Swingline Note
	  	
	Exhibit A-1-3:	  	 Form of Series 2007-1 Class A-1 L/C Note
	  	
	Exhibit A-2-1:	  	 Form of Restricted Global Series 2007-1 Class A-2 Note
	  	
	Exhibit A-2-2:	  	 Form of Regulation S Global Series 2007-1 Class A-2 Note
	  	
	Exhibit A-2-3:	  	 Form of Unrestricted Global Series 2007-1 Class A-2 Note
	  	
	Exhibit A-3-1:	  	 Form of Restricted Global Series 2007-1 Class M-1 Note
	  	
	Exhibit A-3-2:	  	 Form of Regulation S Global Series 2007-1 Class M-1 Note
	  	
	Exhibit A-3-3:	  	 Form of Unrestricted Global Series 2007-1 Class M-1 Note
	  	
	Exhibit B-1:	  	 Form of Transferee Certificate
	  	
	Exhibit B-2:	  	 Form of Transferee Certificate
	  	
	Exhibit B-3:	  	 Form of Transferee Certificate
	  	
	Exhibit B-4:	  	 Form of Transferee Certificate
	  	
	Exhibit B-5:	  	 Form of Transferee Certificate
	  	
	Exhibit B-6:	  	 Form of Transferee Certificate
	  	
	Exhibit B-7:	  	 Form of Transferee Certificate
	  	
	Exhibit C:	  	 Form of Quarterly Noteholders’ Statement
	  	
	Exhibit D:	  	 Important Section 3(c)(7) Notice
	  	

  

 (ii) 

 SERIES 2007-1 SUPPLEMENT, dated as of April 16, 2007 (this “Series Supplement”), by
and among DOMINO’S PIZZA MASTER ISSUER LLC, a Delaware limited liability company (the “Master Issuer”), DOMINO’S PIZZA DISTRIBUTION LLC, a Delaware limited liability company (the “Domestic Distributor”),
DOMINO’S IP HOLDER LLC, a Delaware limited liability company (the “IP Holder”), DOMINO’S SPV CANADIAN HOLDING COMPANY INC., a Delaware corporation (the “SPV Canadian Holdco” and, together with the Master
Issuer, the Domestic Distributor, and the IP Holder, collectively, the “Co-Issuers” and each, a “Co-Issuer”), each as a Co-Issuer, and CITIBANK, N.A., a national banking association, as trustee (in such capacity,
the “Trustee”) and as Series 2007-1 Securities Intermediary (as defined herein), to the Base Indenture, dated as of the date hereof, by and among the Co-Issuers and the Trustee (as amended, modified or supplemented from time to
time, exclusive of Series Supplements (as defined in Annex A thereto), the “Base Indenture”) and as securities intermediary under the Base Indenture. 
 PRELIMINARY STATEMENT 
 WHEREAS, Sections 2.2 and 12.1 of the Base Indenture
provide, among other things, that the Co-Issuers and the Trustee may at any time and from time to time enter into a Series Supplement to the Base Indenture for the purpose of authorizing the issuance of one or more Series of Notes (as defined in
Annex A of the Base Indenture) upon satisfaction of the conditions set forth therein; and 
 WHEREAS, all such conditions have been met
for the issuance of the Series of Notes authorized hereunder. 
 NOW, THEREFORE, the parties hereto agree as follows: 
 DESIGNATION 
 There is hereby created
a Series of Notes to be issued pursuant to the Base Indenture and this Series Supplement, and such Series of Notes shall be designated as Series 2007-1 Notes. On the Series 2007-1 Closing Date, three Classes of Notes of such Series shall be issued:
(a) Series 2007-1 Variable Funding Senior Notes, Class A-1 (as referred to herein, the “Series 2007-1 Class A-1 Notes”), (b) 5.261% Fixed Rate Series 2007-1 Senior Notes, Class A-2 (as referred to herein,
the “Series 2007-1 Class A-2 Notes”) and (c) 7.629% Fixed Rate Series 2007-1 Subordinated Notes, Class M-1 (as referred to herein, the “Series 2007-1 Class M-1 Notes”). The Series 2007-1 Class A-1
Notes shall be issued in three Subclasses: (i) Series 2007-1 Class A-1 Advance Notes (as referred to herein, the “Series 2007-1 Class A-1 Advance Notes”), (ii) Series 2007-1 Class A-1 Swingline Notes (as
referred to herein, the “Series 2007-1 Class A-1 Swingline Notes”), and (iii) Series 2007-1 Class A-1 L/C Notes (as referred to herein, the “Series 2007-1 Class A-1 L/C Notes”). For purposes of
the Indenture, the Series 2007-1 Class A-1 Notes and the Series 2007-1 Class A-2 Notes shall be deemed to be “Senior Notes” that are “Class A Senior Notes” and the Series 2007-1 Class M-1 Notes shall be deemed to be
“Subordinated Notes.” 
  

 1 

 ARTICLE I 
 DEFINITIONS 
 All capitalized terms used herein (including in the preamble and the recitals hereto)
shall have the meanings assigned to such terms in the Series 2007-1 Supplemental Definitions List attached hereto as Annex A (the “Series 2007-1 Supplemental Definitions List”) as such Series 2007-1 Supplemental Definitions
List may be amended, supplemented or otherwise modified from time to time in accordance with the terms hereof. All capitalized terms not otherwise defined therein shall have the meanings assigned thereto in the Base Indenture Definitions List
attached to the Base Indenture as Annex A thereto, as such Base Indenture Definitions List may be amended, supplemented or otherwise modified from time to time in accordance with the terms of the Base Indenture. Unless otherwise specified
herein, all Article, Exhibit, Section or Subsection references herein shall refer to Articles, Exhibits, Sections or Subsections of the Base Indenture or this Series Supplement (as indicated herein). Unless otherwise stated herein, as
the context otherwise requires or if such term is otherwise defined in the Base Indenture, each capitalized term used or defined herein shall relate only to the Series 2007-1 Notes and not to any other Series of Notes issued by the Co-Issuers.

 ARTICLE II 
 INITIAL ISSUANCE,
INCREASES AND DECREASES OF 
 SERIES 2007-1 CLASS A-1 OUTSTANDING PRINCIPAL AMOUNT 
 Section 2.1 Procedures for Issuing and Increasing the Series 2007-1 Class A-1 Outstanding Principal Amount. 
 (a) Subject to satisfaction of the conditions precedent to the making of Series 2007-1 Class A-1 Advances set forth in the Series 2007-1
Class A-1 Note Purchase Agreement, (i) on the Series 2007-1 Closing Date, the Co-Issuers may cause the Series 2007-1 Class A-1 Initial Advance Principal Amount to become outstanding by drawing ratably, at par, the initial principal
amounts of the Series 2007-1 Class A-1 Advance Notes corresponding to the aggregate amount of the Series 2007-1 Class A-1 Advances made on the Series 2007-1 Closing Date (the “Series 2007-1 Class A-1 Initial Advance”)
and (ii) on any Business Day during the Series 2007-1 Class A-1 Commitment Term, the Co-Issuers may increase the Series 2007-1 Class A-1 Outstanding Principal Amount (such increase referred to as an “Increase”), by
drawing ratably, at par, additional principal amounts on the Series 2007-1 Class A-1 Advance Notes corresponding to the aggregate amount of the Series 2007-1 Class A-1 Advances made on such Business Day; provided that at no time may
the Series 2007-1 Class A-1 Outstanding Principal Amount exceed the Series 2007-1 Class A-1 Maximum Principal Amount. The Series 2007-1 Class A-1 Initial Advance and each Increase shall be made in accordance with the provisions of
Sections 2.02 and 2.03 of the Series 2007-1 Class A-1 Note Purchase Agreement and shall be ratably allocated among the Series 2007-1 Class A-1 Noteholders (other than the Series 2007-1 Class A-1 Subfacility
Noteholders in their capacity as such) as provided therein. Proceeds from the Series 2007-1 Class A-1 Initial 
  

 2 

 Advance and each Increase shall be paid as directed by the Co-Issuers in the applicable Series 2007-1 Class A-1
Advance Request or as otherwise set forth in the Series 2007-1 Class A-1 Note Purchase Agreement. Upon receipt of written notice from the Co-Issuers or the Series 2007-1 Class A-1 Administrative Agent of the Series 2007-1 Class A-1
Initial Advance and any Increase, the Trustee shall indicate in its books and records the amount of the Series 2007-1 Class A-1 Initial Advance or such Increase, as applicable. 
 (b) Subject to satisfaction of the applicable conditions precedent set forth in the Series 2007-1 Class A-1 Note Purchase Agreement, on the Series
2007-1 Closing Date, the Co-Issuers may cause (i) the Series 2007-1 Class A-1 Initial Swingline Principal Amount to become outstanding by drawing, at par, the initial principal amounts of the Series 2007-1 Class A-1 Swingline Notes
corresponding to the aggregate amount of the Series 2007-1 Class A-1 Swingline Loans made on the Series 2007-1 Closing Date pursuant to Section 2.06 of the Series 2007-1 Class A-1 Note Purchase Agreement (the “Series
2007-1 Class A-1 Initial Swingline Loan”) and (ii) the Series 2007-1 Class A-1 Initial Aggregate Undrawn L/C Face Amount to become outstanding by drawing, at par, the initial principal amounts of the Series 2007-1
Class A-1 L/C Notes corresponding to the aggregate Undrawn L/C Face Amount of the Letters of Credit issued on the Series 2007-1 Closing Date pursuant to Section 2.07 of the Series 2007-1 Class A-1 Note Purchase Agreement;
provided that at no time may the Series 2007-1 Class A-1 Outstanding Principal Amount exceed the Series 2007-1 Class A-1 Maximum Principal Amount. The procedures relating to increases in the Series 2007-1 Class A-1 Outstanding
Subfacility Amount (each such increase referred to as a “Subfacility Increase”) through borrowings of Series 2007-1 Class A-1 Swingline Loans and issuance or incurrence of Series 2007-1 Class A-1 L/C Obligations are set
forth in the Series 2007-1 Class A-1 Note Purchase Agreement. Upon receipt of written notice from the Co-Issuers or the Series 2007-1 Class A-1 Administrative Agent of the issuance of the Series 2007-1 Class A-1 Initial Swingline
Principal Amount and the Series 2007-1 Class A-1 Initial Aggregate Undrawn L/C Face Amount and any Subfacility Increase, the Trustee shall indicate in its books and records the amount of each such issuance and Subfacility Increase. 

Section 2.2 Procedures for Decreasing the Series 2007-1 Class A-1 Outstanding Principal Amount. 
 (a) Mandatory Decrease. Whenever a Series 2007-1 Class A-1 Excess Principal Event shall have occurred, then, on or before the third Business
Day immediately following discovery of such Series 2007-1 Class A-1 Excess Principal Event the Co-Issuers shall deposit in the Series 2007-1 Class A-1 Distribution Account the amount of funds referred to in the next sentence and shall
direct the Trustee in writing to distribute such funds in accordance with Section 4.02 of the Series 2007-1 Class A-1 Note Purchase Agreement. Such written direction of the Co-Issuers shall include a report that will provide for the
distribution of (i) funds sufficient to decrease the Series 2007-1 Class A-1 Outstanding Principal Amount by the lesser of (x) the amount necessary, so that after giving effect to such decrease of the Series 2007-1 Class A-1
Outstanding Principal Amount on such date, no such Series 2007-1 Class A-1 Excess Principal Event shall exist and (y) the amount that would decrease the Series 2007-1 Class A-1 
  

 3 

 Outstanding Principal Amount to zero (each decrease of the Series 2007-1 Class A-1 Outstanding Principal Amount
pursuant to this Section 2.2(a), or any other required payment of principal in respect of the Series 2007-1 Class A-1 Notes pursuant to Section 3.7 of this Series Supplement, a “Mandatory Decrease”),
plus (ii) any associated Series 2007-1 Class A-1 Breakage Amounts incurred as a result of such decrease (calculated in accordance with the Series 2007-1 Class A-1 Note Purchase Agreement). Such Mandatory Decrease shall be
allocated among the Series 2007-1 Class A-1 Noteholders in accordance with the order of distribution of principal payments set forth in Section 4.02 of the Series 2007-1 Class A-1 Note Purchase Agreement. Upon discovery of such
a Series 2007-1 Class A-1 Excess Principal Event, the Co-Issuers promptly, but in any event within one (1) Business Day, shall deliver written notice (by facsimile with original to follow by mail) of the need for any such Mandatory
Decreases to the Trustee, each of the Series 2007-1 Class A Insurers and the Series 2007-1 Class A-1 Administrative Agent. 
 (b)
Voluntary Decrease. On any Business Day, upon at least three (3) Business Day’s prior written notice to each Series 2007-1 Class A-1 Investor, the Series 2007-1 Class A-1 Administrative Agent, the Trustee and each of
the Series 2007-1 Class A Insurers, the Co-Issuers may decrease the Series 2007-1 Class A-1 Outstanding Principal Amount (each such decrease of the Series 2007-1 Class A-1 Outstanding Principal Amount pursuant to this
Section 2.2(b), a “Voluntary Decrease”) by depositing in the Series 2007-1 Class A-1 Distribution Account on the Business Day preceding the date specified as the decrease date in the prior written notice referred to
above and providing a written report to the Trustee directing the Trustee to distribute in accordance with the order of distribution of principal payments set forth in Section 4.02 of the Series 2007-1 Class A-1 Note Purchase
Agreement (i) an amount (subject to the last sentence of this Section 2.2(b)) up to the Series 2007-1 Class A-1 Outstanding Principal Amount equal to the amount of such Voluntary Decrease, plus (ii) any associated
Series 2007-1 Class A-1 Breakage Amounts incurred as a result of such decrease (calculated in accordance with the Series 2007-1 Class A-1 Note Purchase Agreement). Each such Voluntary Decrease shall be in a minimum principal amount as
provided in the Series 2007-1 Class A-1 Note Purchase Agreement. 
 (c) Upon distribution to the Series 2007-1 Class A-1
Noteholders of principal of the Series 2007-1 Class A-1 Advance Notes in connection with each Decrease, the Trustee shall indicate in its books and records such Decrease. 
 (d) The Series 2007-1 Class A-1 Note Purchase Agreement sets forth additional procedures relating to decreases in the Series 2007-1 Class A-1
Outstanding Subfacility Amount (each such decrease, together with any Voluntary Decrease or Mandatory Decrease allocated to the Series 2007-1 Class A-1 Subfacility Noteholders, referred to as a “Subfacility Decrease”) through
(i) borrowings of Series 2007-1 Class A-1 Advances to repay Series 2007-1 Class A-1 Swingline Loans and Series 2007-1 Class A-1 L/C Obligations or (ii) optional prepayments of Series 2007-1 Class A-1 Swingline Loans on
same day notice. Upon receipt of written notice from the Co-Issuers or the Series 2007-1 Class A-1 Administrative Agent of any Subfacility Decrease, the Trustee shall indicate in its books and records the amount of such Subfacility Decrease.

  

 4 

 ARTICLE III 
 SERIES 2007-1 ALLOCATIONS; PAYMENTS 
 With respect to the Series 2007-1 Notes only, the following shall
apply: 
 Section 3.1 Allocations with Respect to the Series 2007-1 Notes. On the Series 2007-1 Closing Date, $26,405,556 of the
net proceeds from the initial sale of the Series 2007-1 Notes will be deposited into the Senior Notes Interest Reserve Account and the remainder of the net proceeds from the sale of the Series 2007-1 Notes will be paid to, or at the direction of,
the Co-Issuers. 
 Section 3.2 Application of Weekly Collections on Weekly Allocation Dates to the Series 2007-1 Notes; Quarterly
Payment Date Applications. On each Weekly Allocation Date, the Master Issuer shall instruct the Trustee in writing to allocate from the Collection Account all amounts relating to the Series 2007-1 Notes and the Series 2007-1 Class A
Policies pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments, including the following: 
 (a) Series 2007-1 Senior Notes Quarterly Insured Interest. On each Weekly Allocation Date, the Master Issuer shall instruct the Trustee in writing to allocate from the Collection Account the Series 2007-1
Class A-1 Quarterly Insured Interest and the Series 2007-1 Class A-2 Quarterly Insured Interest deemed to be “Senior Notes Quarterly Insured Interest” pursuant to, and to the extent that funds are available therefor in accordance
with the provisions of, the Priority of Payments. 
 (b) Series 2007-1 Insurer Premiums. On each Weekly Allocation Date, the Master
Issuer shall instruct the Trustee in writing to allocate from the Collection Account the Series 2007-1 Insurer Premiums deemed to be “Insurer Premiums” pursuant to, and to the extent that funds are available therefor in accordance with the
provisions of, the Priority of Payments. 
 (c) Series 2007-1 Class A-1 Quarterly Commitment Fees. On each Weekly Allocation
Date, the Master Issuer shall instruct the Trustee in writing to allocate from the Collection Account the Series 2007-1 Class A-1 Quarterly Commitment Fees deemed to be “Class A-1 Senior Notes Quarterly Commitment Fees” pursuant to,
and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments. 
 (d) Series 2007-1
Insurer Expenses. On each Weekly Allocation Date, the Master Issuer shall instruct the Trustee in writing to pay to any of the Series 2007-1 Class A Insurers from the Collection Account the Series 2007-1 Insurer Expenses which are owed to
such Series 2007-1 Class A Insurer as “Insurer Expenses” pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments. 
  

 5 

 (e) Series 2007-1 Insurer Reimbursements. On each Weekly Allocation Date, the Master Issuer shall
instruct the Trustee in writing to pay to any of the Series 2007-1 Class A Insurers from the Collection Account the Series 2007-1 Insurer Reimbursements which are owed to such Series 2007-1 Class A Insurer as “Insurer
Reimbursements” pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments. 
 (f) Series 2007-1 Class A-1 Administrative Expenses. On each Weekly Allocation Date, the Master Issuer shall instruct the Trustee in writing to pay to the Series 2007-1 Class A-1 Administrative Agent
from the Collection Account the Series 2007-1 Class A-1 Administrative Expenses deemed to be “Class A-1 Senior Notes Administrative Expenses” pursuant to, and to the extent that funds are available therefor in accordance with the
provisions of, the Priority of Payments. 
 (g) Series 2007-1 Senior Notes Interest Reserve Amount. 
 (i) The Co-Issuers shall maintain an amount on deposit in the Senior Notes Interest Reserve Account equal to the Series 2007-1 Senior
Notes Interest Reserve Amount. 
 (ii) If on any Weekly Allocation Date there is a Series 2007-1 Senior Notes Interest
Reserve Account Deficiency, the Master Issuer shall instruct the Trustee in writing to deposit into the Senior Notes Interest Reserve Account an amount equal to the Series 2007-1 Senior Notes Interest Reserve Account Deficit Amount pursuant to, and
to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments. 
 (iii) On
each Accounting Date preceding any Quarterly Payment Date that is a Series 2007-1 Senior Interest Reserve Step-Down Date, the Master Issuer shall instruct the Trustee in writing to withdraw the Series 2007-1 Senior Notes Interest Reserve Step-Down
Release Amount from the Senior Notes Interest Reserve Account in accordance with Section 5.10(l)(i) of the Base Indenture. 
 (h)
Series 2007-1 Cash Trap Amount. 
 (i) During a Series 2007-1 Cash Trapping Period, the Master Issuer shall instruct
the Trustee in writing to allocate to the Cash Trap Reserve Account an amount equal to the Series 2007-1 Cash Trapping Amount pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of
Payments. 
 (ii) On each Accounting Date preceding any Quarterly Payment Date on which a Series 2007-1 Full Step-Down Cash
Trapping Release Event will occur, the Master Issuer shall instruct the Trustee in writing to withdraw the Series 2007-1 Full Step-Down Cash Trapping Release Amount with respect to such Series 2007-1 Full Step-Down Cash Trapping Release Event from
the Cash Trap Reserve Account in accordance with Section 5.10(l)(ii) of the Base Indenture. 
  

 6 

 (iii) On each Accounting Date preceding any Quarterly Payment Date on which a Series
2007-1 Partial Step-Down Cash Trapping Release Event will occur, the Master Issuer shall instruct the Trustee in writing to withdraw the Series 2007-1 Partial Step-Down Cash Trapping Release Amount with respect to such Series 2007-1 Partial
Step-Down Cash Trapping Release Event from the Cash Trap Reserve Account in accordance with Section 5.10(l)(ii) of the Base Indenture. 
 (i) Series 2007-1 Senior Notes Rapid Amortization Principal Amounts. If such Weekly Allocation Date occurs during a Rapid Amortization Period, the Master Issuer shall instruct the Trustee in writing to allocate from the Collection
Account for payment of principal on the Series 2007-1 Senior Notes the amounts contemplated by the Priority of Payments for such principal. 
 (j) Series 2007-1 Class A-1 Other Amounts. On each Weekly Allocation Date, the Master Issuer shall instruct the Trustee in writing to allocate from the Collection Account the Series 2007-1 Class A-1 Other Amounts deemed to
be “Class A-1 Senior Notes Other Amounts” pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments. 
 (k) Series 2007-1 Subordinated Notes Quarterly Interest. On each Weekly Allocation Date, the Master Issuer shall instruct the Trustee in writing
to allocate from the Collection Account the Series 2007-1 Class M-1 Quarterly Interest deemed to be “Subordinated Notes Quarterly Interest” pursuant to, and to the extent that funds are available therefor in accordance with the provisions
of, the Priority of Payments. 
 (l) Series 2007-1 Subordinated Notes Rapid Amortization Principal Amounts. If such Weekly Allocation
Date occurs during a Rapid Amortization Period and no amounts are due but unpaid to any Series 2007-1 Class A Insurer, the Master Issuer shall instruct the Trustee in writing to allocate from the Collection Account for payment of principal on
the Series 2007-1 Class M-1 Notes the amounts contemplated by the Priority of Payments for such principal. 
 (m) Series 2007-1 Senior
Notes Quarterly Contingent Additional Interest. On each Weekly Allocation Date, the Master Issuer shall instruct the Trustee in writing to allocate from the Collection Account the Series 2007-1 Class A-1 Quarterly Contingent Additional
Interest and the Series 2007-1 Class A-2 Quarterly Contingent Additional Interest deemed to be “Senior Notes Quarterly Contingent Additional Interest” pursuant to, and to the extent that funds are available therefor in accordance with
the provisions of, the Priority of Payments. 
 (n) Series 2007-1 Class A-1 Quarterly Contingent Additional L/C Fees. On each
Weekly Allocation Date, the Master Issuer shall instruct the Trustee in writing to allocate from the Collection Account the Series 2007-1 Class A-1 Quarterly 
  

 7 

 Contingent Additional L/C Fees deemed to be “Senior Notes Quarterly Contingent Additional Interest” pursuant
to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments. 
 (o) Series
2007-1 Class A-1 Quarterly Uninsured Interest. On each Weekly Allocation Date, the Master Issuer shall instruct the Trustee in writing to allocate from the Collection Account the Series 2007-1 Class A-1 Quarterly Uninsured Interest
deemed to be “Class A-1 Senior Notes Quarterly Uninsured Interest” pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments. 
 (p) Series 2007-1 Subordinated Notes Quarterly Contingent Additional Interest. On each Weekly Allocation Date, the Master Issuer shall instruct
the Trustee in writing to allocate from the Collection Account the Series 2007-1 Class M-1 Quarterly Contingent Additional Interest deemed to be “Subordinated Notes Quarterly Contingent Additional Interest” pursuant to, and to the extent
that funds are available therefor in accordance with the provisions of, the Priority of Payments. 
 (q) Series 2007-1 Weekly Extension
Principal Prepayment. If such Weekly Allocation Date occurs during a Series 2007-1 Extension Period, the Master Issuer shall instruct the Trustee in writing to allocate from the Collection Account the Series 2007-1 Weekly Extension Principal
Prepayments deemed to be “Weekly Extension Principal Prepayments” pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments. 
 (r) Application Instructions. The Control Party is hereby authorized (but shall not be obligated) to deliver any instruction contemplated in this
Section 3.2 that is not timely delivered by or on behalf of any Co-Issuer. 
 Section 3.3 Certain Distributions from
Series 2007-1 Distribution Accounts. 
 (a) On each Quarterly Payment Date, based solely upon the most recent Quarterly Servicer’s
Certificate, the Trustee shall, in accordance with Section 6.1 of the Base Indenture remit (i) to the Series 2007-1 Class A-1 Noteholders from the Series 2007-1 Class A-1 Distribution Account the amount deposited in the
Series 2007-1 Class A-1 Distribution Account for the payment of interest and fees and, to the extent applicable, principal, (ii) to the Series 2007-1 Class A-2 Noteholders from the Series 2007-1 Class A-2 Distribution Account the
amount deposited in the Series 2007-1 Class A-2 Distribution Account for the payment of interest and, to the extent applicable, principal, and (iii) to the Series 2007-1 Class M-1 Noteholders from the Series 2007-1 Class M-1
Distribution Account the amount deposited in the Series 2007-1 Class M-1 Distribution Account for the payment of interest and, to the extent applicable, principal. 
  

 8 

 (b) Insured Amounts Distributions. 
 (i) Promptly upon deposit of each payment of an Insured Amount paid pursuant to the applicable Series 2007-1 Class A Policy in
respect of the Series 2007-1 Class A-1 Notes into the Series 2007-1 Class A-1 Distribution Account pursuant to Section 9.3(b) of the Base Indenture, the Trustee shall, based upon the records of the Trustee, wire transfer the
amount so deposited to (x) in the case of Deficiency Amounts, the Series 2007-1 Class A-1 Noteholders to which such Deficiency Amounts are owed on a pro rata basis, in the case of interest, on a pro rata basis based on
entitlement or, in the case of principal, in accordance with the order of distribution of principal payments set forth in Section 4.02 of the Series 2007-1 Class A-1 Note Purchase Agreement, as the case may be, and (y) in the
case of Preference Amounts, the Series 2007-1 Class A-1 Noteholders to which such Preference Amounts are owed. 
 (ii)
Promptly upon deposit of each payment of an Insured Amount paid pursuant to the applicable Series 2007-1 Class A Policy in respect of the Series 2007-1 Class A-2 Notes into the Series 2007-1 Class A-2 Distribution Account pursuant to
Section 9.3(b) of the Base Indenture, the Trustee shall, based upon the records of the Trustee, wire transfer the amount so deposited (x) in the case of Deficiency Amounts, to the Series 2007-1 Class A-2 Noteholders to which
such Deficiency Amounts are owed on a pro rata basis, in the case of interest, based upon the amount of interest owed to each such Noteholder or, in the case of principal, based on their respective portion of the Series 2007-1 Class A-2
Outstanding Principal Amount, as the case may be, and (y) in the case of Preference Amounts, the Series 2007-1 Class A-2 Noteholders to which such Preference Amounts are owed. 
 Section 3.4 Series 2007-1 Class A-1 Interest and Certain Fees. 
 (a) Series 2007-1 Class A-1 Note Rate and Insured L/C Fees. From and after the Series 2007-1 Closing Date, the applicable portions of the
Series 2007-1 Class A-1 Outstanding Principal Amount will accrue (i) interest at the Series 2007-1 Class A-1 Note Rate and (ii) Series 2007-1 Class A-1 Insured L/C Fees at the applicable rates provided therefor in the Series
2007-1 Class A-1 Note Purchase Agreement. Such accrued interest and fees will be due and payable in arrears on each Quarterly Payment Date, commencing on October 25, 2007; provided that in any event all accrued but unpaid interest
and fees shall be paid in full on the Series 2007-1 Legal Final Maturity Date, on any Series 2007-1 Prepayment Date with respect to a prepayment in full of the Series 2007-1 Class A-1 Notes, on any day when the Commitments are terminated in
full or on any other day on which all of the Series 2007-1 Class A-1 Outstanding Principal Amount is required to be paid in full. To the extent any such amount is not paid when due, such unpaid amount will accrue interest at the Series 2007-1
Class A-1 Note Rate. 
  

 9 

 (b) Undrawn Commitment Fees. From and after the Series 2007-1 Closing Date, Undrawn Commitment
Fees will accrue as provided in the Series 2007-1 Class A-1 Note Purchase Agreement. Such accrued fees will be due and payable in arrears on each Quarterly Payment Date, commencing on October 25, 2007. To the extent any such amount is not
paid when due, such unpaid amount will accrue interest at the Series 2007-1 Class A-1 Note Rate. 
 (c) Series 2007-1 Class A-1
Quarterly Contingent Additional Interest. During each Series 2007-1 Extension Period, contingent additional interest will accrue on the Series 2007-1 Class A-1 Outstanding Principal Amount (excluding any Undrawn L/C Face Amounts included
therein) at an annual rate equal to the Series 2007-1 Class A-1 Additional Extension Spread for such Series 2007-1 Extension Period (the “Series 2007-1 Class A-1 Extension Contingent Additional Rate”). From and after the
applicable Series 2007-1 Adjusted Repayment Date, if the Series 2007-1 Final Payment has not been made, contingent additional interest will accrue on the Series 2007-1 Class A-1 Outstanding Principal Amount (excluding any Undrawn L/C Face
Amounts included therein) at an annual rate equal to 100 basis points (the “Series 2007-1 Class A-1 Post-ARD Quarterly Contingent Additional Rate”). Any Series 2007-1 Class A-1 Quarterly Contingent Additional Interest will
be due and payable as and when amounts are made available for payment thereof in accordance with Sections 5.9 and 5.10 of the Base Indenture in the amount so made available, failure to pay any Series 2007-1 Class A-1 Quarterly
Contingent Additional Interest in excess of such amounts will not be an Event of Default and interest will not accrue on any unpaid portion thereof; provided that in any event all accrued but unpaid Series 2007-1 Class A-1 Quarterly
Contingent Additional Interest shall be paid in full on the Series 2007-1 Legal Final Maturity Date, on any Series 2007-1 Prepayment Date with respect to a prepayment in full of the Series 2007-1 Class A-1 Notes, on any day when the Commitments
are terminated in full or on any other day on which all of the Series 2007-1 Class A-1 Outstanding Principal Amount is required to be paid in full. 
 (d) Series 2007-1 Class A-1 Quarterly Contingent Additional L/C Fees. During each Series 2007-1 Extension Period, contingent additional fees will accrue on any Undrawn L/C Face Amounts at an annual rate
equal to the Series 2007-1 Class A-1 Extension Contingent Additional Rate. Any Series 2007-1 Class A-1 Quarterly Contingent Additional L/C Fees will be due and payable as and when amounts are made available for payment thereof in
accordance with Sections 5.9 and 5.10 of the Base Indenture in the amount so made available. Failure to pay any Series 2007-1 Class A-1 Quarterly Contingent Additional L/C Fees in excess of such amounts will not be an Event of
Default and interest will not accrue on any unpaid portion thereof; provided that in any event all accrued but unpaid Series 2007-1 Class A-1 Quarterly Contingent Additional L/C Fees shall be paid in full on the Series 2007-1 Legal Final
Maturity Date, on any Series 2007-1 Prepayment Date with respect to a prepayment in full of the Series 2007-1 Class A-1 Notes, on any day when the Commitments are terminated in full or on any other day on which all of the Series 2007-1
Class A-1 Outstanding Principal Amount is required to be paid in full. 
  

 10 

 (e) Series 2007-1 Class A-1 Initial Interest Period. The initial Interest Period for the
Series 2007-1 Class A-1 Notes shall commence on the Series 2007-1 Closing Date and end on October 18, 2007. 
 Section 3.5
Series 2007-1 Class A-2 Interest. 
 (a) Series 2007-1 Class A-2 Note Rate. From and after the Series 2007-1
Closing Date, the Series 2007-1 Class A-2 Outstanding Principal Amount (as of the first day of each Interest Period) will accrue interest at the Series 2007-1 Class A-2 Note Rate for such Interest Period. Such accrued interest will be
due and payable in arrears on each Quarterly Payment Date, commencing on October 25, 2007; provided that in any event all accrued but unpaid interest shall be paid in full on the Series 2007-1 Legal Final Maturity Date, on any Series
2007-1 Prepayment Date with respect to a prepayment in full of the Series 2007-1 Class A-2 Notes or on any other day on which all of the Series 2007-1 Class A-2 Outstanding Principal Amount is required to be paid in full. To the extent any
interest accruing at the Series 2007-1 Class A-2 Note Rate is not paid when due, such unpaid interest will accrue interest at the Series 2007-1 Class A-2 Note Rate. All computations of interest at the Series 2007-1 Class A-2 Note
Rate shall be made on the basis of a year of 360 days and twelve 30-day months. 
 (b) Series 2007-1 Class A-2 Quarterly Contingent
Additional Interest. 
 (i) First Extension Period Quarterly Contingent Additional Interest. For each Interest
Period between the Series 2007-1 Anticipated Repayment Date and the Series 2007-1 First Extended Anticipated Repayment Date, if the Series 2007-1 First Extension Election has been made and becomes effective and if as of the Quarterly Payment Date on
which the Series 2007-1 First Extension Period begins (A) the sum of (I) Three-Month LIBOR for the Interest Period beginning on such Quarterly Payment Date, plus (II) the Series 2007-1 Class A-2 Original Spread, plus
(III) the Series 2007-1 Class A-2 Additional Extension Spread is greater than (B) the Series 2007-1 Class A-2 Note Rate (such excess, if any, the “Series 2007-1 Class A-2 First Extension Quarterly Contingent Additional
Interest Rate”), then contingent additional interest will accrue on the Series 2007-1 Class A-2 Outstanding Principal Amount during each such Interest Period at an annual interest rate equal to the Series 2007-1 Class A-2 First
Extension Quarterly Contingent Additional Interest Rate, calculated based on a 360-day year and the actual number of days elapsed during each such Interest Period (such contingent additional interest, the “Series 2007-1 Class A-2 First
Extension Quarterly Contingent Additional Interest”). 
 (ii) Second Extension Period Quarterly Contingent
Additional Interest. For each Interest Period between the Series 2007-1 First Extended Anticipated Repayment Date and the Series 2007-1 Second Extended Anticipated Repayment Date, if the Series 2007-1 Second Extension Election has been made and
becomes effective and if as of the 
  

 11 

 Quarterly Payment Date on which the Series 2007-1 Second Extension Period begins (A) the sum of
(I) Three-Month LIBOR for the Interest Period beginning on such Quarterly Payment Date, plus (II) the Series 2007-1 Class A-2 Original Spread, plus (III) the Series 2007-1 Class A-2 Additional Extension Spread is
greater than (B) the Series 2007-1 Class A-2 Note Rate (such excess, if any, the “Series 2007-1 Class A-2 Second Extension Quarterly Contingent Additional Interest Rate”), then contingent additional interest
will accrue on the Series 2007-1 Class A-2 Outstanding Principal Amount during each such Interest Period at an annual interest rate equal to the Series 2007-1 Class A-2 Second Extension Quarterly Contingent Additional Interest Rate,
calculated based on a 360-day year and the actual number of days elapsed during each such Interest Period (such contingent additional interest, the “Series 2007-1 Class A-2 Second Extension Quarterly Contingent Additional
Interest”). 
 (iii) Post-ARD Quarterly Contingent Additional Interest. On the applicable Series 2007-1
Adjusted Repayment Date, if the Series 2007-1 Final Payment has not been made and if (A) the sum of (I) the Five-Year Swap Rate as of such date, plus (II) the Series 2007-1 Class A-2 Original Spread, plus (III) the
Series 2007-1 Class A-2 Additional Post-ARD Spread is greater than (B) the Series 2007-1 Class A-2 Note Rate (such excess, if any, as converted to a quarterly equivalent rate, the “Series 2007-1 Class A-2 Post-ARD
Quarterly Contingent Additional Interest Rate”), then contingent additional interest will accrue on the Series 2007-1 Class A-2 Outstanding Principal Amount from and after such date at an annual interest rate equal to the
Series 2007-1 Class A-2 Post-ARD Quarterly Contingent Additional Interest Rate, calculated on the basis of a 360-day year of twelve 30-day months (such contingent additional interest, the “Series 2007-1 Class A-2 Post-ARD
Quarterly Contingent Additional Interest”). 
 (iv) Payment of Series 2007-1 Class A-2 Quarterly Contingent
Additional Interest. Any Series 2007-1 Class A-2 Quarterly Contingent Additional Interest will be due and payable as and when amounts are made available for payment thereof in accordance with Sections 5.9 and 5.10 of the Base
Indenture. Failure to pay any Series 2007-1 Class A-2 Quarterly Contingent Additional Interest in excess of such amounts will not be an Event of Default and interest will not accrue on any unpaid portion thereof; provided that in any
event all accrued but unpaid Series 2007-1 Class A-2 Quarterly Contingent Additional Interest shall be paid in full on the Series 2007-1 Legal Final Maturity Date, on any Series 2007-1 Prepayment Date with respect to a prepayment in full of the
Series 2007-1 Class A-2 Notes or on any other day on which all of the Series 2007-1 Class A-2 Outstanding Principal Amount is required to be paid in full. 
  

 12 

 (c) Series 2007-1 Class A-2 Initial Interest Period. The initial Interest Period for the
Series 2007-1 Class A-2 Notes shall commence on the Series 2007-1 Closing Date and end on October 24, 2007. 
 Section 3.6
Series 2007-1 Class M-1 Interest. 
 (a) Series 2007-1 Class M-1 Note Rate. From and after the Series 2007-1 Closing Date,
the Series 2007-1 Class M-1 Outstanding Principal Amount (as of the first day of each Interest Period) will accrue interest at the Series 2007-1 Class M-1 Note Rate for such Interest Period. Such accrued interest will be due and payable in
arrears on each Quarterly Payment Date, commencing on October 25, 2007, but only to the extent that amounts are made available for payment thereof in accordance with Sections 5.9 and 5.10 of the Base Indenture; provided
that in any event all accrued but unpaid interest shall be paid in full on the Series 2007-1 Legal Final Maturity Date, on any Series 2007-1 Prepayment Date with respect to a prepayment in full of the Series 2007-1 Class M-1 Notes or on any other
day on which all of the Series 2007-1 Class M-1 Outstanding Principal Amount is required to be paid in full, and to the extent that any such amount is not paid when due on any such date, such unpaid amount will accrue interest at the Series 2007-1
Class M-1 Note Rate. To the extent any interest accruing at the Series 2007-1 Class M-1 Note Rate is not paid on any Quarterly Payment Date, such unpaid interest will accrue interest at the Series 2007-1 Class M-1 Note Rate until paid in full,
but failure to pay such accrued interest on any Quarterly Payment Date shall not be an Event of Default. All computations of interest at the Series 2007-1 Class M-1 Note Rate shall be made on the basis of a year of 360 days and twelve 30-day months.

 (b) Series 2007-1 Class M-1 Quarterly Contingent Additional Interest. 
 (i) First Extension Period Quarterly Contingent Additional Interest. For each Interest Period between the Series 2007-1 Anticipated
Repayment Date and the Series 2007-1 First Extended Anticipated Repayment Date, if the Series 2007-1 First Extension Election has been made and becomes effective and if as of the Quarterly Payment Date on which the Series 2007-1 First Extension
Period begins (A) the sum of (I) Three-Month LIBOR for the Interest Period beginning on such Quarterly Payment Date, plus (II) the Series 2007-1 Class M-1 Original Spread, plus (III) the Series 2007-1 Class M-1 Additional
Extension Spread is greater than (B) the Series 2007-1 Class M-1 Note Rate (such excess, if any, the “Series 2007-1 Class M-1 First Extension Quarterly Contingent Additional Interest Rate”), then contingent additional interest
will accrue on the Series 2007-1 Class M-1 Outstanding Principal Amount during each such Interest Period at an annual interest rate equal to the Series 2007-1 Class M-1 First Extension Quarterly Contingent Additional Interest Rate, calculated on the
basis of a 360 day year and the actual number of days elapsed during each such Interest Period (such contingent additional interest, the “Series 2007-1 Class M-1 First Extension Quarterly Contingent Additional Interest”).

  

 13 

 (ii) Second Extension Period Quarterly Contingent Additional Interest. For each
Interest Period between the Series 2007-1 First Extended Anticipated Repayment Date and the Series 2007-1 Second Extended Anticipated Repayment Date, if the Series 2007-1 Second Extension Election has been made and becomes effective and if as of the
Quarterly Payment Date on which the Series 2007-1 Second Extension Period begins (A) the sum of (I) Three-Month LIBOR for the Interest Period beginning on such Quarterly Payment Date, plus (II) the Series 2007-1 Class M-1
Original Spread, plus (III) the Series 2007-1 Class M-1 Additional Extension Spread is greater than (B) the Series 2007-1 Class M-1 Note Rate (such excess, if any, the “Series 2007-1 Class M-1 Second Extension Quarterly
Contingent Additional Interest Rate”), then contingent additional interest will accrue on the Series 2007-1 Class M-1 Outstanding Principal Amount during each such Interest Period at an annual interest rate equal to the Series 2007-1 Class
M-1 Second Extension Quarterly Contingent Additional Interest Rate, calculated on the basis of a 360 day year and the actual number of days elapsed during each such Interest Period (such contingent additional interest, the “Series 2007-1
Class M-1 Second Extension Quarterly Contingent Additional Interest”). 
 (iii) Post-ARD Quarterly Contingent
Additional Interest. On the applicable Series 2007-1 Adjusted Repayment Date, if the Series 2007-1 Final Payment has not been made and if (A) the sum of (I) the Ten-Year Swap Rate as of such date, plus (II) the Series 2007-1
Class M-1 Original Spread, plus (III) the Series 2007-1 Class M-1 Additional Post-ARD Spread, is greater than (B) the Series 2007-1 Class M-1 Note Rate (such excess, if any, as converted to a quarterly equivalent rate, the
“Series 2007-1 Class M-1 Post-ARD Quarterly Contingent Additional Interest Rate”), then contingent additional interest will accrue on the Series 2007-1 Class M-1 Outstanding Principal Amount from and after such date at an annual
interest rate equal to the Series 2007-1 Class M-1 Post-ARD Quarterly Contingent Additional Interest Rate, as converted to a quarterly equivalent rate, calculated on the basis of a 360 day year of twelve 30-day months (such contingent additional
interest, the “Series 2007-1 Class M-1 Post-ARD Quarterly Contingent Additional Interest”). 
 (iv)
Payment of Series 2007-1 Class M-1 Quarterly Contingent Additional Interest. Any Series 2007-1 Class M-1 Quarterly Contingent Additional Interest will be due and payable as and when amounts are made available for payment thereof in accordance
with Sections 5.9 and 5.10 of the Base Indenture. Failure to pay any Series 2007-1 Class M-1 Quarterly Contingent Additional Interest in excess of such amounts will not be an Event of Default and interest will not accrue on any unpaid
portions thereof; provided that in any event all accrued but unpaid Series 2007-1 Class M-1 Quarterly Contingent Additional Interest shall be paid in full on the Series 2007-1 Legal Final Maturity Date, on any Series 2007-1 Prepayment Date
with respect to a prepayment in full of the Series 2007-1 Class M-1 Notes or on any other day on which all of the Series 2007-1 Class M-1 Outstanding Principal Amount is required to be paid in full. 
  

 14 

 (c) Series 2007-1 Class M-1 Initial Interest Period. The initial Interest Period for the Series
2007-1 Class M-1 Notes shall commence on the Series 2007-1 Closing Date and end on October 24, 2007. 
 Section 3.7 Payment of
Series 2007-1 Note Principal. 
 (a) Series 2007-1 Notes Principal Payment at Legal Maturity. The Series 2007-1 Outstanding
Principal Amount shall be due and payable on the Series 2007-1 Legal Final Maturity Date. The Series 2007-1 Outstanding Principal Amount is not prepayable, in whole or in part, except as set forth in this Section 3.7 and, in respect of
the Series 2007-1 Class A-1 Outstanding Principal Amount, Section 2.2 of this Series Supplement. 
 (b) Series 2007-1
Anticipated Repayment. The Series 2007-1 Final Payment is anticipated to occur on April 25, 2012 (such date, the “Series 2007-1 Anticipated Repayment Date”). The initial Series 2007-1 Adjusted Repayment Date will be the
Series 2007-1 Anticipated Repayment Date, unless extended as provided below in this Section 3.7(b); provided, however, that for purposes of the definition of Rapid Amortization Event, the Series 2007-1 Adjusted Repayment
Date for the Series 2007-1 Class M-1 Notes shall not occur unless and until the first date on which no Senior Notes are Outstanding and no amounts are due but unpaid to any Series 2007-1 Class A Insurer. 
 (i) First Extension Election. Subject to the conditions set forth in Section 3.7(b)(iii) of this Series Supplement, the
Co-Issuers, shall have the option on or before April 15, 2012 to elect (the “Series 2007-1 First Extension Election”) to extend the Series 2007-1 Adjusted Repayment Date to April 25, 2013 (the “Series 2007-1 First
Extended Anticipated Repayment Date”) by delivering written notice to the Trustee, the Series 2007-1 Class A-1 Administrative Agent, the Noteholders and each of the Series 2007-1 Class A Insurers; provided that upon such
extension, April 25, 2013 shall become the Series 2007-1 Adjusted Repayment Date. 
 (ii) Second Extension
Election. Subject to the conditions set forth in Section 3.7(b)(iii) of this Series Supplement, if the Series 2007-1 First Extension Election has been made and become effective, the Co-Issuers, shall have the option on or before
April 15, 2013 to elect (the “Series 2007-1 Second Extension Election”) to extend the Series 2007-1 Adjusted Repayment Date to April 25, 2014 (the “Series 2007-1 Second Extended Anticipated Repayment
Date”) by delivering written notice to the Trustee, the Series 2007-1 Class A-1 Administrative Agent, the Noteholders and each of the Series 2007-1 Class A Insurers; provided that upon such extension, April 25, 2014
shall become the Series 2007-1 Adjusted Repayment Date. 
  

 15 

 (iii) Conditions Precedent to Extension Elections. It shall be a condition to the
effectiveness of the Series 2007-1 Extension Elections that, in the case of the Series 2007-1 First Extension Election, on April 15, 2012, or in the case of the Series 2007-1 Second Extension Election, on April 15, 2013 (a) the
One-Year DSCR (without giving credit for any Retained Collections Contributions) is greater than or equal to 2.50 (calculated with respect to the most recently ended Quarterly Collection Period), (b) unless the One-Year DSCR (without giving
credit for any Retained Collections Contributions) is equal to or greater than 3.00 (calculated with respect to the most recently ended Quarterly Collection Period), the Trustee has received the written consent of the Control Party to such extension
and (c) no Rapid Amortization Event, Default or Event of Default has occurred and is continuing. Any notice given pursuant to Section 3.7(b)(i) or (ii) of this Series Supplement shall be irrevocable; provided that
if the conditions set forth in this Section 3.7(b)(iii) are not met as of the applicable extension date, the election set forth in such notice shall automatically be deemed ineffective. 
 (c) Series 2007-1 Notes Mandatory Payments of Principal. 
 (i) If a Change of Control to which the Control Party has not provided its prior written consent occurs, the Co-Issuers shall prepay all
the Series 2007-1 Notes in full by (A) depositing on the date such Change of Control occurs an amount equal to the Series 2007-1 Outstanding Principal Amount and all other amounts that are or will be due and payable with respect to the Series
2007-1 Notes under the Indenture and under the Series 2007-1 Class A-1 Note Purchase Agreement as of the applicable Series 2007-1 Prepayment Date referred to in clause (C) below (including all interest and fees accrued to such
date, any Series 2007-1 Make-Whole Prepayment Premium required to be paid in connection therewith pursuant to Section 3.7(d) of this Series Supplement and any associated Series 2007-1 Class A-1 Breakage Amounts incurred as a result
of such prepayment (calculated in accordance with the Series 2007-1 Class A-1 Note Purchase Agreement)) in the applicable Series 2007-1 Distribution Account, (B) delivering Prepayment Notices in accordance with Section 3.7(f)
of this Series Supplement and (C) directing the Trustee to distribute such amount to the applicable Series 2007-1 Noteholders on the Series 2007-1 Prepayment Date specified in such Prepayment Notices. 
 (ii) Any Series 2007-1 Weekly Extension Principal Prepayment allocated to the Senior Notes Principal Payments Account (or, if no Senior
Notes are then Outstanding, to the Subordinated Notes Principal Payments Account) pursuant to the Priority of Payments shall be 
  

 16 

 deposited in the applicable Series 2007-1 Distribution Account in accordance with
Section 5.10(f) or (i), as applicable, of the Base Indenture and used to repay principal on the applicable Classes of Series 2007-1 Notes on the related Quarterly Payment Date. Such payment of principal shall be ratably allocated
among the Series 2007-1 Noteholders within each applicable Class based on their respective portion of the Series 2007-1 Outstanding Principal Amount of such Class (or, in the case of the Series 2007-1 Class A-1 Noteholders, in accordance with
the order of distribution of principal payments set forth in Section 4.02 of the Series 2007-1 Class A-1 Note Purchase Agreement). In connection with any payment of principal made pursuant to this Section 3.7(c)(ii), the
Co-Issuers shall not be obligated to pay any prepayment premium. 
 (iii) During any Rapid Amortization Period, principal
payments shall be due and payable on each Quarterly Payment Date on the applicable Classes of Series 2007-1 Notes as and when amounts are made available for payment thereof in accordance with Sections 5.9 and 5.10 of the Base
Indenture. Such payments shall be ratably allocated among the Series 2007-1 Noteholders within each applicable Class based on their respective portion of the Series 2007-1 Outstanding Principal Amount of such Class (or, in the case of the Series
2007-1 Class A-1 Noteholders, in accordance with the order of distribution of principal payments set forth in Section 4.02 of the Series 2007-1 Class A-1 Note Purchase Agreement). In connection with any payment made pursuant to
this Section 3.7(c)(iii), the Co-Issuers shall not be obligated to pay any prepayment premium. 
 (d) Series 2007-1 Make-Whole
Prepayment Premium Payments. In connection with any mandatory prepayment of any Series 2007-1 Class A-2 Notes or Series 2007-1 Class M-1 Notes, as applicable, upon a Change of Control, or any optional prepayment of any Series 2007-1
Class A-2 Notes or any Series 2007-1 Class M-1 Notes made pursuant to Section 3.7(e) of this Series Supplement, the Co-Issuers shall pay, on any applicable Series 2007-1 Prepayment Date, (x) the Series 2007-1 Class A-2
Make-Whole Prepayment Premium to the Series 2007-1 Class A-2 Noteholders with respect to the applicable Series 2007-1 Prepayment Amount and (y) the Series 2007-1 Class M-1 Make-Whole Prepayment Premium to the Series 2007-1 Class M-1
Noteholders with respect to the applicable Series 2007-1 Prepayment Amount; provided that no such Series 2007-1 Make-Whole Prepayment Premium shall be payable in connection with any payment that occurs (A) on or after the Quarterly
Payment Date occurring immediately prior to the Series 2007-1 Anticipated Repayment Date or (B) after a Rapid Amortization Period commences. 
 (e) Optional Prepayment of Series 2007-1 Class A-2 Notes and Class M-1 Notes. Subject to Sections 3.7(d) and (f) of this Series Supplement, the Co-Issuers shall have the option to prepay the Series 2007-1
Class A-2 Notes and/or the Series 2007-1 Class M-1 Notes in whole or in part on the applicable Series 2007-1 Prepayment Date specified in the applicable Prepayment Notices; provided that no such optional prepayment in whole or in part of
the Series 2007-1 Class M-1 Notes shall be made at any time following the Series 2007-1 Adjusted Repayment Date unless all Senior Notes have been paid in full. 
  

 17 

 (f) Notices of Prepayments and Series 2007-1 Weekly Extension Principal Prepayment. The Co-Issuers
shall give prior written notice (each, a “Prepayment Notice”) at least ten (10) Business Days but not more than twenty (20) Business Days prior to any prepayment pursuant to Section 3.7(c)(i) or
Section 3.7(e) of this Series Supplement (each, a “Series 2007-1 Prepayment”) to each Series 2007-1 Noteholder affected by such Series 2007-1 Prepayment, each of the Series 2007-1 Class A Insurers, each of the
Rating Agencies and the Trustee; provided that at the request of the Co-Issuers, such notice to the affected Series 2007-1 Noteholders shall be given by the Trustee in the name and at the expense of the Co-Issuers. In connection with any such
Prepayment Notice, the Co-Issuers shall provide a written report to the Trustee (with a copy to each of the Series 2007-1 Class A Insurers) directing the Trustee to distribute such prepayment in accordance with the applicable provisions of
Section 3.7(j) of this Series Supplement. With respect to each Series 2007-1 Prepayment, the related Prepayment Notice shall, in each case, specify (A) the date on which such prepayment will be made (each, a “Series 2007-1
Prepayment Date”), which in all cases shall be a Business Day and, in the case of a mandatory prepayment upon a Change of Control, shall be no more than 10 Business Days after the occurrence of such event, and, in the case of an optional
prepayment, shall be the 25th day of any month (or, if such 25th day is not a Business Day, the next succeeding Business Day), (B) the aggregate principal amount of the applicable Class of Notes to be prepaid on such date (such amount, together
with all accrued and unpaid interest thereon to such date, a “Series 2007-1 Prepayment Amount”) and (C) the date on which the applicable Series 2007-1 Make-Whole Prepayment Premium, if any, to be paid in connection therewith
will be calculated, which calculation date shall be no earlier than the fifth Business Day before such Series 2007-1 Prepayment Date (the “Series 2007-1 Make-Whole Premium Calculation Date”). The Co-Issuers shall have the option, by
written notice to the Trustee, the Series 2007-1 Class A Insurers, the Rating Agencies and the affected Noteholders, to withdraw, or amend the Series 2007-1 Prepayment Date set forth in, (x) any Prepayment Notice relating to an optional
prepayment at any time up to the fifth Business Day before the Series 2007-1 Prepayment Date set forth in such Prepayment Notice and (y) subject to the requirements of the preceding sentence, any Prepayment Notice relating to mandatory
prepayment upon a Change of Control at any time up to the earlier of (I) the occurrence of such event and (II) the fifth Business Day before the Series 2007-1 Prepayment Date set forth in such Prepayment Notice; provided that in no
event shall any Series 2007-1 Prepayment Date be amended to a date earlier than the fifth Business Day after such amended notice is given. Any Prepayment Notice shall become irrevocable on the day on which it can no longer be withdrawn in accordance
with the preceding sentence. With respect to payments of principal to be made pursuant to Section 3.7(c)(ii) of this Series Supplement, the Co-Issuers shall give prior written notice at least ten (10) Business Days prior to the
first payment of principal to be made pursuant to Section 3.7(c)(ii) of this Series Supplement with respect to each Series 2007-1 Extension Period (each, a “Weekly Extension Prepayment Notice”) to each Series 2007-1
Noteholder affected by such payment of principal on the Series 2007-1 Notes, each of the Series 2007-1 Class A Insurers, each of the Rating Agencies and the Trustee; provided 
  

 18 

 that at the request of the Co-Issuers, such notice to the affected Series 2007-1 Noteholders shall be given by the
Trustee in the name and at the expense of the Co-Issuers. Such Weekly Extension Prepayment Notices shall, in each case, specify (A) that payments of principal on the Series 2007-1 Notes will be made on each Quarterly Payment Date during the
related Series 2007-1 Extension Period and (B) the percentage of the Applicable Residual Amount to be paid with respect to each Weekly Allocation Date during the Quarterly Collection Period to which each such Quarterly Payment Date relates. All
Prepayment Notices and Weekly Extension Prepayment Notices shall be (i) transmitted by facsimile or email to (A) each affected Series 2007-1 Noteholder to the extent such Series 2007-1 Noteholder has provided a facsimile number or email
address to the Trustee and (B) to each of the Series 2007-1 Class A Insurers, each of the Rating Agencies and the Trustee and (ii) sent by registered mail to each affected Series 2007-1 Noteholder. For the avoidance of doubt, a
Voluntary Decrease in respect of the Series 2007-1 Class A-1 Notes is governed by Section 2.2 of this Series Supplement and not by this Section 3.7. 
 (g) Series 2007-1 Prepayments. On each Series 2007-1 Prepayment Date with respect to any Series 2007-1 Prepayment, the Series 2007-1 Prepayment
Amount and the Series 2007-1 Make-Whole Prepayment Premium, if any, and any associated Series 2007-1 Class A-1 Breakage Amounts applicable to such Series 2007-1 Prepayment shall be due and payable. The Co-Issuers shall pay the Series
2007-1 Prepayment Amount together with the applicable Series 2007-1 Make-Whole Prepayment Premium, if any, with respect to such Series 2007-1 Prepayment Amount, by, to the extent not already deposited therein pursuant to
Section 3.7(c)(i) or (e) of this Series Supplement, depositing such amounts in the applicable Series 2007-1 Distribution Account on or prior to the related Series 2007-1 Prepayment Date to be distributed in accordance with
Section 3.7(j) of this Series Supplement. 
 (h) Prepayment Premium Not Payable. For the avoidance of doubt, there is no
Series 2007-1 Make-Whole Prepayment Premium payable as a result of (i) the application of Indemnification Payments allocated to the Series 2007-1 Class A-2 Notes pursuant to clause (i) of the Priority of Payments, (ii) any
principal payments made on the Series 2007-1 Notes during a Rapid Amortization Period, (iii) any optional prepayment on or after the Quarterly Payment Date occurring immediately prior to the Series 2007-1 Anticipated Repayment Date and
(iv) any payment of principal made pursuant to Section 3.7(c)(ii) of this Series Supplement. 
 (i) Indemnification
Payments. Any Indemnification Payments allocated to the Senior Notes Principal Payments Account (or, if no Senior Notes are then Outstanding, to the Subordinated Notes Principal Payments Account) pursuant to the Priority of Payments shall be
deposited in the applicable Series 2007-1 Distribution Account in accordance with Section 5.10(f) or (i), as applicable, of the Base Indenture and used to repay principal on the applicable Classes of Series 2007-1 Notes on the related
Quarterly Payment Date. Such payment of principal shall be ratably allocated among the Series 2007-1 Noteholders within each applicable Class based on their respective portion of the Series 2007-1 Outstanding Principal Amount of such Class (or, in
the case of the Series 2007-1 Class A-1 Noteholders, in accordance with the order of 
  

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 distribution of principal payments set forth in Section 4.02 of the Series 2007-1 Class A-1 Note
Purchase Agreement). In connection with any prepayment made pursuant to this Section 3.7(i), the Co-Issuers shall not be obligated to pay any prepayment premium. 
 (j) Series 2007-1 Prepayment Distributions. 
 (i) On the Series 2007-1 Prepayment Date for each Series 2007-1 Prepayment to be made pursuant to this Section 3.7 in respect of the Series 2007-1 Class A-1 Notes, the Trustee shall, in accordance
with Section 6.1 of the Base Indenture and based solely upon the applicable written report provided to the Trustee pursuant to Section 3.7(f) of this Series Supplement, wire transfer to the Series 2007-1 Class A-1
Noteholders of record on the applicable Prepayment Record Date, in accordance with the order of distribution of principal payments set forth in Section 4.02 of the Series 2007-1 Class A-1 Note Purchase Agreement, the amount
deposited in the Series 2007-1 Class A-1 Distribution Account pursuant to this Section 3.7, if any, in order to repay the applicable portion of the Series 2007-1 Class A-1 Outstanding Principal Amount and pay all accrued and
unpaid interest thereon up to such Series 2007-1 Prepayment Date and any associated Series 2007-1 Class A-1 Breakage Amounts incurred as a result of such prepayment. 
 (ii) On the Series 2007-1 Prepayment Date for each Series 2007-1 Prepayment to be made pursuant to this Section 3.7 in respect
of the Series 2007-1 Class A-2 Notes, the Trustee shall, in accordance with Section 6.1 of the Base Indenture and based solely upon the applicable written report provided to the Trustee pursuant to Section 3.7(f) of this
Series Supplement, wire transfer to the Series 2007-1 Class A-2 Noteholders of record on the preceding Prepayment Record Date on a pro rata basis, based on their respective portion of the Series 2007-1 Class A-2 Outstanding Principal
Amount, the amount deposited in the Series 2007-1 Class A-2 Distribution Account pursuant to this Section 3.7, if any, in order to repay the applicable portion of the Series 2007-1 Class A-2 Outstanding Principal Amount and pay
all accrued and unpaid interest thereon up to such Series 2007-1 Prepayment Date and any Series 2007-1 Make-Whole Prepayment Premium due to Series 2007-1 Class A-2 Noteholders payable on such date. 
 (iii) On the Series 2007-1 Prepayment Date for each Series 2007-1 Prepayment to be made pursuant to this Section 3.7 in
respect of the Series 2007-1 Class M-1 Notes, the Trustee shall, in accordance with Section 6.1 of the Base Indenture and based solely upon the applicable written report provided to the Trustee pursuant to Section 3.7(f) of
this Series Supplement, wire transfer to the Series 2007-1 Class M-1 Noteholders of record on the preceding Prepayment Record Date on a pro rata basis, based on their respective portion of the Series 2007-1 Class M-1 Outstanding Principal
Amount, the amount deposited in 
  

 20 

 the Series 2007-1 Class M-1 Distribution Account pursuant to this Section 3.7, if any, in
order to repay the applicable portion of the Series 2007-1 Class M-1 Outstanding Principal Amount and pay all accrued and unpaid interest thereon up to such Series 2007-1 Prepayment Date and any Series 2007-1 Class M-1 Make-Whole Prepayment Premium
due to Series 2007-1 Class M-1 Noteholders payable on such date. 
 (k) Series 2007-1 Notices of Final Payment. The Co-Issuers shall
notify the Trustee, each of the Series 2007-1 Class A Insurers and each of the Rating Agencies on or before the Record Date preceding any Quarterly Payment Date that will be the Series 2007-1 Final Payment Date; provided, however,
that with respect to any Series 2007-1 Final Payment that is made in connection with any mandatory or optional prepayment in full, the Co-Issuers shall not be obligated to provide any additional notice to the Trustee, the Series 2007-1 Class A
Insurers or the Rating Agencies of such Series 2007-1 Final Payment beyond the notice required to be given in connection with such prepayment pursuant to Section 3.7(f) of this Series Supplement. In addition, the Trustee shall provide
any written notice required under this Section 3.7(k) to each Person in whose name a Series 2007-1 Note is registered at the close of business on the Record Date with respect to the Quarterly Payment Date that will be the Series 2007-1
Final Payment Date. Such written notice to be sent to the Series 2007-1 Noteholders shall be made at the expense of the Co-Issuers and shall be mailed by the Trustee within five (5) Business Days of receipt of notice from the Co-Issuers
indicating that the Series 2007-1 Final Payment will be made and shall specify that such Series 2007-1 Final Payment will be payable only upon presentation and surrender of the Series 2007-1 Notes and shall specify the place where the Series 2007-1
Notes may be presented and surrendered for such Series 2007-1 Final Payment. 
 (l) Prepayment Fees Payable Under Series 2007-1
Class A Insurer Fee Letters. Concurrently with prepayment of any Series 2007-1 Senior Notes, the Co-Issuers shall pay or cause to be paid, directly to each of the Series 2007-1 Class A Insurers, any premium make-whole payment or early
prepayment fee payable to such Series 2007-1 Class A Insurer under such Series 2007-1 Class A Insurer’s Series 2007-1 Class A Insurer Fee Letter. 
 Section 3.8 Series 2007-1 Class A-1 Distribution Account. 
 (a) Establishment of Series
2007-1 Class A-1 Distribution Account. The Trustee shall establish and maintain in the name of the Trustee for the benefit of the Series 2007-1 Class A-1 Noteholders an account (the “Series 2007-1 Class A-1 Distribution
Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 2007-1 Class A-1 Noteholders. The Series 2007-1 Class A-1 Distribution Account shall be an Eligible
Account. If the Series 2007-1 Class A-1 Distribution Account is at any time no longer an Eligible Account, the Master Issuer shall, within five (5) Business Days of obtaining knowledge that the Series 2007-1 Class A-1 Distribution
Account is no longer an Eligible Account, establish a new Series 2007-1 Class A-1 Distribution Account that is an Eligible Account. If a new Series 2007-1 Class A-1 Distribution Account is established, the Master Issuer shall 

 

 21 

 instruct the Trustee in writing to transfer all cash and investments from the non-qualifying Series 2007-1 Class A-1
Distribution Account into the new Series 2007-1 Class A-1 Distribution Account. Initially, the Series 2007-1 Class A-1 Distribution Account will be established with the Trustee. 
 (b) Administration of the Series 2007-1 Class A-1 Distribution Account. All amounts held in the Series 2007-1 Class A-1 Distribution
Account shall be invested in Permitted Investments at the written direction of the Master Issuer; provided, however, that any such investment in the Series 2007-1 Class A-1 Distribution Account shall mature not later than the
Business Day prior to the first Quarterly Payment Date following the date on which such funds were received or such other date on which such funds are scheduled to be paid to the Series 2007-1 Class A-1 Noteholders. In the absence of written
investment instructions hereunder, funds on deposit in the Series 2007-1 Class A-1 Distribution Account shall remain uninvested. The Master Issuer shall not direct (or permit) the disposal of any Permitted Investments prior to the maturity
thereof to the extent such disposal would result in a loss of the initial purchase price of such Permitted Investment. 
 (c) Earnings
from Series 2007-1 Class A-1 Distribution Account. All interest and earnings (net of losses and investment expenses) paid on funds on deposit in the Series 2007-1 Class A-1 Distribution Account shall be deemed to be available and on
deposit for distribution to the Series 2007-1 Class A-1 Noteholders. 
 (d) Series 2007-1 Class A-1 Distribution Account
Constitutes Additional Collateral for Series 2007-1 Class A-1 Notes. In order to secure and provide for the repayment and payment of the Obligations with respect to the Series 2007-1 Class A-1 Notes, the Co-Issuers hereby grant a
security interest in and assign, pledge, grant, transfer and set over to the Trustee, for the benefit of the Series 2007-1 Class A-1 Noteholders, all of the Co-Issuers’ right, title and interest in and to the following (whether now or
hereafter existing or acquired): (i) the Series 2007-1 Class A-1 Distribution Account, including any security entitlement with respect thereto; (ii) all funds and other property (including, without limitation, Financial Assets) on
deposit therein from time to time; (iii) all certificates and instruments, if any, representing or evidencing any or all of the Series 2007-1 Class A-1 Distribution Account or the funds on deposit therein from time to time; (iv) all
investments made at any time and from time to time with monies in the Series 2007-1 Class A-1 Distribution Account, whether constituting securities, instruments, general intangibles, investment property, financial assets or other property;
(v) all interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for the Series 2007-1 Class A-1 Distribution Account, the funds on deposit
therein from time to time or the investments made with such funds; and (vi) all proceeds of any and all of the foregoing, including, without limitation, cash (the items in the foregoing clauses (i) through (vi) are
referred to, collectively, as the “Series 2007-1 Class A-1 Distribution Account Collateral”). 
 (e) Termination of
Series 2007-1 Class A-1 Distribution Account. On or after the date on which the Series 2007-1 Final Payment has been made, the Trustee, 
  

 22 

 acting in accordance with the written instructions of the Master Issuer and the consent of the Series 2007-1 Class A
Lead Insurer if any Series 2007-1 Class A Policy is then in effect or amounts constituting Series 2007-1 Insurer Reimbursements, Series 2007-1 Insurer Premiums or Series 2007-1 Insurer Expenses are unpaid under the Indenture or the Series
2007-1 Class A Insurance Agreement after taking into account the application of amounts on deposit in the Senior Notes Interest Reserve Account, the Cash Trap Reserve Account to pay such amounts in accordance with Section 5.10 of
the Base Indenture, shall withdraw from the Series 2007-1 Class A-1 Distribution Account all amounts on deposit therein for payment to the Co-Issuers. 
 Section 3.9 Series 2007-1 Class A-2 Distribution Account. 
 (a) Establishment of Series
2007-1 Class A-2 Distribution Account. The Trustee shall establish and maintain in the name of the Trustee for the benefit of the Series 2007-1 Class A-2 Noteholders an account (the “Series 2007-1 Class A-2 Distribution
Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 2007-1 Class A-2 Noteholders. The Series 2007-1 Class A-2 Distribution Account shall be an Eligible
Account. If the Series 2007-1 Class A-2 Distribution Account is at any time no longer an Eligible Account, the Master Issuer shall, within five (5) Business Days of obtaining knowledge that the Series 2007-1 Class A-2 Distribution
Account is no longer an Eligible Account, establish a new Series 2007-1 Class A-2 Distribution Account that is an Eligible Account. If a new Series 2007-1 Class A-2 Distribution Account is established, the Master Issuer shall instruct the
Trustee in writing to transfer all cash and investments from the non-qualifying Series 2007-1 Class A-2 Distribution Account into the new Series 2007-1 Class A-2 Distribution Account. Initially, the Series 2007-1 Class A-2
Distribution Account will be established with the Trustee. 
 (b) Administration of the Series 2007-1 Class A-2 Distribution
Account. All amounts held in the Series 2007-1 Class A-2 Distribution Account shall be invested in the Permitted Investments at the written direction of the Master Issuer; provided, however, that any such investment in the
Series 2007-1 Class A-2 Distribution Account shall mature not later than the Business Day prior to the first Quarterly Payment Date following the date on which such funds were received or such other date on which such funds are scheduled to be
paid to the Series 2007-1 Class A-2 Noteholders. In the absence of written investment instructions hereunder, funds on deposit in the Series 2007-1 Class A-2 Distribution Account shall remain uninvested. The Master Issuer shall not direct
(or permit) the disposal of any Permitted Investments prior to the maturity thereof to the extent such disposal would result in a loss of the initial purchase price of such Permitted Investment. 
 (c) Earnings from Series 2007-1 Class A-2 Distribution Account. All interest and earnings (net of losses and investment expenses) paid on
funds on deposit in the Series 2007-1 Class A-2 Distribution Account shall be deemed to be available and on deposit for distribution to the Series 2007-1 Class A-2 Noteholders. 
  

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 (d) Series 2007-1 Class A-2 Distribution Account Constitutes Additional Collateral for Series
2007-1 Class A-2 Notes. In order to secure and provide for the repayment and payment of the Obligations with respect to the Series 2007-1 Class A-2 Notes, the Co-Issuers hereby grant a security interest in and assign, pledge, grant,
transfer and set over to the Trustee, for the benefit of the Series 2007-1 Class A-2 Noteholders, all of the Co-Issuers’ right, title and interest in and to the following (whether now or hereafter existing or acquired): (i) the Series
2007-1 Class A-2 Distribution Account, including any security entitlement with respect thereto; (ii) all funds and other property (including, without limitation, Financial Assets) on deposit therein from time to time; (iii) all
certificates and instruments, if any, representing or evidencing any or all of the Series 2007-1 Class A-2 Distribution Account or the funds on deposit therein from time to time; (iv) all investments made at any time and from time to time
with monies in the Series 2007-1 Class A-2 Distribution Account, whether constituting securities, instruments, general intangibles, investment property, financial assets or other property; (v) all interest, dividends, cash, instruments and
other property from time to time received, receivable or otherwise distributed in respect of or in exchange for the Series 2007-1 Class A-2 Distribution Account, the funds on deposit therein from time to time or the investments made with such
funds; and (vi) all proceeds of any and all of the foregoing, including, without limitation, cash (the items in the foregoing clauses (i) through (vi) are referred to, collectively, as the “Series 2007-1
Class A-2 Distribution Account Collateral”). 
 (e) Termination of Series 2007-1 Class A-2 Distribution Account. On
or after the date on which the Series 2007-1 Final Payment has been made, the Trustee, acting in accordance with the written instructions of the Master Issuer and the consent of the Series 2007-1 Class A Lead Insurer if any Series 2007-1
Class A Policy is then in effect or amounts constituting Series 2007-1 Insurer Reimbursements, Series 2007-1 Insurer Premiums or Series 2007-1 Insurer Expenses are unpaid under the Indenture or the Series 2007-1 Class A Insurance Agreement
after taking into account the application of amounts on deposit in the Senior Notes Interest Reserve Account, the Cash Trap Reserve Account to pay such amounts in accordance with Section 5.10 of the Base Indenture, shall withdraw from
the Series 2007-1 Class A-2 Distribution Account all amounts on deposit therein for payment to the Co-Issuers. 
 Section 3.10
Series 2007-1 Class M-1 Distribution Account. 
 (a) Establishment of Series 2007-1 Class M-1 Distribution Account. The Trustee
shall establish and maintain in the name of the Trustee for the benefit of the Series 2007-1 Class M-1 Noteholders an account (the “Series 2007-1 Class M-1 Distribution Account”), bearing a designation clearly indicating that the
funds deposited therein are held for the benefit of the Series 2007-1 Class M-1 Noteholders. The Series 2007-1 Class M-1 Distribution Account shall be an Eligible Account. If the Series 2007-1 Class M-1 Distribution Account is at any time no longer
an Eligible Account, the Master Issuer shall, within five (5) Business Days of obtaining knowledge that the Series 2007-1 Class M-1 Distribution Account is no longer an Eligible Account, establish a new Series 2007-1 Class M-1 Distribution
Account that is an Eligible Account. If a new Series 2007-1 Class M-1 Distribution Account is established, the Master Issuer shall 
  

 24 

 instruct the Trustee in writing to transfer all cash and investments from the non-qualifying Series 2007-1 Class M-1
Distribution Account into the new Series 2007-1 Class M-1 Distribution Account. Initially, the Series 2007-1 Class M-1 Distribution Account will be established with the Trustee. 
 (b) Administration of the Series 2007-1 Class M-1 Distribution Account. All amounts held in the Series 2007-1 Class M-1 Distribution Account shall
be invested in Permitted Investments at the written direction of the Master Issuer; provided, however, that any such investment in the Series 2007-1 Class M-1 Distribution Account shall mature not later than the Business Day prior to
the first Quarterly Payment Date following the date on which such funds were received or such other date on which such funds are scheduled to be paid to the Series 2007-1 Class M-1 Noteholders. In the absence of written investment instructions
hereunder, funds on deposit in the Series 2007-1 Class M-1 Distribution Account shall remain uninvested. The Master Issuer shall not direct (or permit) the disposal of any Permitted Investments prior to the maturity thereof to the extent such
disposal would result in a loss of the initial purchase price of such Permitted Investment. 
 (c) Earnings from Series 2007-1 Class M-1
Distribution Account. All interest and earnings (net of losses and investment expenses) paid on funds on deposit in the Series 2007-1 Class M-1 Distribution Account shall be deemed to be available and on deposit for distribution. 
 (d) Series 2007-1 Class M-1 Distribution Account Constitutes Additional Collateral for Series 2007-1 Class M-1 Notes. In order to secure and
provide for the repayment and payment of the Obligations with respect to the Series 2007-1 Class M-1 Notes, the Co-Issuers hereby grant a security interest in and assign, pledge, grant, transfer and set over to the Trustee, for the benefit of the
Series 2007-1 Class M-1 Noteholders, all of the Co-Issuers’ right, title and interest in and to the following (whether now or hereafter existing or acquired): (i) the Series 2007-1 Class M-1 Distribution Account, including any security
entitlement with respect thereto; (ii) all funds and other property (including, without limitation, Financial Assets) on deposit therein from time to time; (iii) all certificates and instruments, if any, representing or evidencing any or
all of the Series 2007-1 Class M-1 Distribution Account or the funds on deposit therein from time to time; (iv) all investments made at any time and from time to time with monies in the Series 2007-1 Class M-1 Distribution Account, whether
constituting securities, instruments, general intangibles, investment property, financial assets or other property; (v) all interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise
distributed in respect of or in exchange for the Series 2007-1 Class M-1 Distribution Account, the funds on deposit therein from time to time or the investments made with such funds; and (vi) all proceeds of any and all of the foregoing,
including, without limitation, cash (the items in the foregoing clauses (i) through (vi) are referred to, collectively, as the “Series 2007-1 Class M-1 Distribution Account Collateral”). 
 (e) Termination of Series 2007-1 Class M-1 Distribution Account. On or after the date on which the Series 2007-1 Final Payment has been made, the
Trustee, 
  

 25 

 acting in accordance with the written instructions of the Master Issuer and the consent of the Series 2007-1 Class A
Lead Insurer if any Series 2007-1 Class A Policy is then in effect or amounts constituting Series 2007-1 Insurer Reimbursements, Series 2007-1 Insurer Premiums or Series 2007-1 Insurer Expenses are unpaid under the Indenture or the Series
2007-1 Class A Insurance Agreement after taking into account the application of amounts on deposit in the Cash Trap Reserve Account to pay such amounts in accordance with Section 5.10 of the Base Indenture, shall withdraw from the
Series 2007-1 Class M-1 Distribution Account all amounts on deposit therein for payment to the Co-Issuers. 
 Section 3.11 Trustee as
Securities Intermediary. 
 (a) The Trustee or other Person holding the Series 2007-1 Distribution Accounts shall be the “Series
2007-1 Securities Intermediary.” If the Series 2007-1 Securities Intermediary in respect of any Series 2007-1 Distribution Account is not the Trustee, the Master Issuer shall obtain the express agreement of such other Person to the
obligations of the Series 2007-1 Securities Intermediary set forth in this Section 3.11. 
 (b) The Series 2007-1 Securities
Intermediary agrees that: 
 (i) The Series 2007-1 Distribution Accounts are accounts to which Financial Assets will or may be
credited; 
 (ii) The Series 2007-1 Distribution Accounts are “securities accounts” within the meaning of
Section 8-501 of the New York UCC and the Series 2007-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; 
 (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 2007-1 Distribution
Account shall be registered in the name of the Series 2007-1 Securities Intermediary, indorsed to the Series 2007-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 2007-1 Securities
Intermediary, and in no case will any Financial Asset credited to any Series 2007-1 Distribution Account be registered in the name of the Master Issuer, payable to the order of the Master Issuer or specially indorsed to the Master Issuer;

 (iv) All property delivered to the Series 2007-1 Securities Intermediary pursuant to this Series Supplement will be
promptly credited to the appropriate Series 2007-1 Distribution Account; 
 (v) Each item of property (whether investment
property, security, instrument or cash) credited to any Series 2007-1 Distribution Account shall be treated as a Financial Asset; 
 (vi) If at any time the Series 2007-1 Securities Intermediary shall receive any entitlement order from the Trustee directing 
  

 26 

 transfer or redemption of any Financial Asset relating to the Series 2007-1 Distribution Accounts, the
Series 2007-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master Issuer or any other Person; 
 (vii) The Series 2007-1 Distribution Accounts shall be governed by the laws of the State of New York, regardless of any provision of any other agreement. For purposes of all applicable UCCs, the State of
New York shall be deemed to the Series 2007-1 Securities Intermediary’s jurisdiction and the Series 2007-1 Distribution Accounts (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the
New York UCC) related thereto) shall be governed by the laws of the State of New York; 
 (viii) The Series 2007-1
Securities Intermediary has not entered into, and until termination of this Series Supplement, will not enter into, any agreement with any other Person relating to the Series 2007-1 Distribution Accounts and/or any Financial Assets credited thereto
pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 2007-1 Securities Intermediary has not entered into, and until the
termination of this Series Supplement will not enter into, any agreement with the Master Issuer purporting to limit or condition the obligation of the Securities Intermediary to comply with entitlement orders as set forth in
Section 3.11(b)(vi) of this Series Supplement; and 
 (ix) Except for the claims and interest of the Trustee,
the Secured Parties and the Master Issuer in the Series 2007-1 Distribution Accounts, neither the Series 2007-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any Series 2007-1
Distribution Account or any Financial Asset credited thereto. If the Series 2007-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lien, encumbrance or adverse
claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 2007-1 Distribution Account or any Financial Asset carried therein, the Series 2007-1 Securities Intermediary will promptly
notify the Trustee, the Control Party and the Master Issuer thereof. 
 (c) The Trustee shall possess all right, title and interest in all
funds on deposit from time to time in the Series 2007-1 Distribution Accounts and in all proceeds thereof, and shall (acting at the direction of the Control Party) be the only Person authorized to originate entitlement orders in respect of the
Series 2007-1 Distribution Accounts. 
  

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 Section 3.12 Master Servicer. Pursuant to the Master Servicing Agreement, the Master Servicer
has agreed to provide certain reports, notices, instructions and other services on behalf of the Master Issuer, Holdco and the other Co-Issuers. The Series 2007-1 Noteholders by their acceptance of the Series 2007-1 Notes consent to the provision of
such reports and notices to the Trustee by the Master Servicer in lieu of the Master Issuer, Holdco or any other Co-Issuer. Any such reports and notices that are required to be delivered to the Series 2007-1 Noteholders hereunder will be made
available on the Trustee’s website in the manner set forth in Section 4.4 of the Base Indenture. 
 ARTICLE IV 
 FORM OF SERIES 2007-1 NOTES 
 Section 4.1 Issuance of Series 2007-1 Class A-1 Notes. (a) The Series 2007-1 Class A-1 Advance Notes will be issued in the form of definitive notes in fully registered form without interest coupons, substantially
in the form set forth in Exhibit A-1-1 hereto, and will be issued to the Series 2007-1 Class A-1 Noteholders (other than the Series 2007-1 Class A-1 Subfacility Noteholders) pursuant to and in accordance with the Series 2007-1
Class A-1 Note Purchase Agreement and shall be duly executed by the Co-Issuers and authenticated by the Trustee in the manner set forth in Section 2.8 of the Base Indenture. Other than in accordance with this Series Supplement and
the Series 2007-1 Class A-1 Note Purchase Agreement, the Series 2007-1 Class A-1 Advance Notes will not be permitted to be transferred, assigned, exchanged or otherwise pledged or conveyed by such Series 2007-1 Class A-1 Noteholders.
The Series 2007-1 Class A-1 Advance Notes shall bear a face amount equal in the aggregate to up to the Series 2007-1 Class A-1 Maximum Principal Amount as of the Series 2007-1 Closing Date, and shall be initially issued in an aggregate
outstanding principal amount equal to the Series 2007-1 Class A-1 Initial Advance Principal Amount pursuant to Section 2.1(a) of this Series Supplement. The Trustee shall record any Increases or Decreases with respect to the Series
2007-1 Class A-1 Outstanding Principal Amount such that, subject to Section 4.1(d) of this Series Supplement, the principal amount of the Series 2007-1 Class A-1 Advance Notes that are Outstanding accurately reflects all such
Increases and Decreases. 
 (b) The Series 2007-1 Class A-1 Swingline Notes will be issued in the form of definitive notes in fully
registered form without interest coupons, substantially in the form set forth in Exhibit A-1-2 hereto, and will be issued to the Swingline Lender pursuant to and in accordance with the Series 2007-1 Class A-1 Note Purchase Agreement and shall
be duly executed by the Co-Issuers and authenticated by the Trustee in the manner set forth in Section 2.8 of the Base Indenture. Other than in accordance with this Series Supplement and the Series 2007-1 Class A-1 Note Purchase Agreement,
the Series 2007-1 Class A-1 Swingline Notes will not be permitted to be transferred, assigned, exchanged or otherwise pledged or conveyed by the Swingline Lender. The Series 2007-1 Class A-1 Swingline Note shall bear a face amount equal in the
aggregate to up to the Swingline Commitment as of the Series 2007-1 Closing Date, and shall be initially issued in an aggregate outstanding principal amount equal to the Series 2007-1 
  

 28 

 Class A-1 Initial Swingline Principal Amount pursuant to Section 2.1(b)(i) of this Series Supplement. The Trustee
shall record any Subfacility Increases or Subfacility Decreases with respect to the Swingline Loans such that, subject to Section 4.1(d) of this Series Supplement, the aggregate principal amount of the Series 2007-1 Class A-1 Swingline Notes
that is Outstanding accurately reflects all such Subfacility Increases and Subfacility Decreases. 
 (c) The Series 2007-1 Class A-1 L/C
Notes will be issued in the form of definitive notes in fully registered form without interest coupons, substantially in the form set forth in Exhibit A-1-3 hereto, and will be issued to the L/C Provider pursuant to and in accordance with the
Series 2007-1 Class A-1 Note Purchase Agreement and shall be duly executed by the Co-Issuers and authenticated by the Trustee in the manner set forth in Section 2.8 of the Base Indenture. Other than in accordance with this Series Supplement and the
Series 2007-1 Class A-1 Note Purchase Agreement, the Series 2007-1 Class A-1 L/C Notes will not be permitted to be transferred, assigned, exchanged or otherwise pledged or conveyed by the L/C Provider. The Series 2007-1 Class A-1 L/C Notes shall
bear a principal amount equal in the aggregate to up to the L/C Commitment as of the Series 2007-1 Closing Date, and shall be initially issued in an aggregate amount equal to the Series 2007-1 Class A-1 Initial Aggregate Undrawn L/C Face Amount
pursuant to Section 2.1(b)(ii) of this Series Supplement. The Trustee shall record any Subfacility Increases or Subfacility Decreases with respect to Undrawn L/C Face Amounts or Unreimbursed L/C Drawings, as applicable, such that, subject to
Section 4.1(d) of this Series Supplement, the aggregate amount of the Series 2007-1 Class A-1 L/C Notes that is Outstanding accurately reflects all such Subfacility Increases and Subfacility Decreases. All Undrawn L/C Face Amounts shall be
deemed to be “principal” outstanding under the Series 2007-1 Class A-1 L/C Note for all purposes of the Indenture and the other Related Documents other than for purposes of accrual of interest. 
 (d) For the avoidance of doubt, notwithstanding that the aggregate face amount of the Series 2007-1 Class A-1 Notes will exceed the Series 2007-1 Class
A-1 Maximum Principal Amount, at no time will the principal amount actually outstanding of the Series 2007-1 Class A-1 Advance Notes, the Series 2007-1 Class A-1 Swingline Notes and the Series 2007-1 Class A-1 L/C Notes in the aggregate exceed the
Series 2007-1 Class A-1 Maximum Principal Amount. 
 (e) The Series 2007-1 Class A-1 Notes may have such letters, numbers or other marks of
identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or as may, consistently herewith, be determined by the Authorized Officers executing such Series 2007-1 Class A-1
Notes, as evidenced by their execution of the Series 2007-1 Class A-1 Notes. The Series 2007-1 Class A-1 Notes may be produced in any manner, all as determined by the Authorized Officers executing such Series 2007-1 Class A-1 Notes, as evidenced by
their execution of such Series 2007-1 Class A-1 Notes. The initial sale of the Series 2007-1 Class A-1 Notes is limited to Persons who have executed the Series 2007-1 Class A-1 Note Purchase Agreement. The Series 2007-1 Class A-1 Notes may be resold
only to Persons who are QPs and who are not Competitors (except that Series 2007-1 Class A-1 
  

 29 

 Notes may be resold to Persons who are QPs and Competitors with the written consent of the Co-Issuers) in compliance with
the terms of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 Section 4.2 Issuance of Series 2007-1 Class A-2
Notes. The Series 2007-1 Class A-2 Notes in the aggregate may be offered and sold in the Series 2007-1 Class A-2 Initial Principal Amount on the Series 2007-1 Closing Date by the Co-Issuers pursuant to the Series 2007-1
Class A-2/M-1 Note Purchase Agreement. The Series 2007-1 Class A-2 Notes will be resold initially only (A) in each case, to Persons who are not Competitors, (B) in the United States, to Persons who are both QIBs and QPs in
reliance on Rule 144A and (C) outside the United States, to QPs who are neither a U.S. person (as defined in Regulation S) (a “U.S. Person”) nor a U.S. resident (within the meaning of the Investment Company Act) (a
“U.S. Resident”) in reliance on Regulation S. The Series 2007-1 Class A-2 Notes may thereafter be transferred in reliance on Rule 144A and/or Regulation S and in accordance with the procedure described herein. The Series 2007-1
Class A-2 Notes will be Book-Entry Notes and DTC will be the Depository for the Series 2007-1 Class A-2 Notes. The provisions of the rules and procedures of DTC, the “Operating Procedures of the Euroclear System” and “Terms
and Conditions Governing Use of Euroclear” and the “General Terms and Conditions of Clearstream Banking” and “Customer Handbook” of Clearstream (as in effect from time to time, the “Applicable Procedures”)
shall be applicable to transfers of beneficial interests in the Series 2007-1 Class A-2 Notes. The Series 2007-1 Class A-2 Notes shall be issued in minimum denominations of $100,000 and integral multiples of $1,000 in excess thereof.

 (a) Restricted Global Notes. The Series 2007-1 Class A-2 Notes offered and sold in their initial distribution in reliance upon
Rule 144A will be issued in the form of one or more global notes in fully registered form, without coupons, substantially in the form set forth in Exhibit A-2-1 hereto, registered in the name of Cede & Co.
(“Cede”), as nominee of DTC, and deposited with the Trustee, as custodian for DTC (collectively, for purposes of this Section 4.2 and Section 4.5, the “Restricted Global Notes”). The
aggregate initial principal amount of the Restricted Global Notes may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for DTC, in connection with a corresponding decrease or increase in the
aggregate initial principal amount of the corresponding class of Regulation S Global Notes or the Unrestricted Global Notes, as hereinafter provided. 
 (b) Regulation S Global Notes and Unrestricted Global Notes. Any Series 2007-1 Class A-2 Notes offered and sold on the Series 2007-1 Closing Date in reliance upon Regulation S will be issued in the form of
one or more global notes in fully registered form, without coupons, substantially in the form set forth in Exhibit A-2-2 hereto, registered in the name of Cede, as nominee of DTC, and deposited with the Trustee, as custodian for DTC, for
credit to the respective accounts at DTC of the designated agents holding on behalf of Euroclear or Clearstream. Until such time as the Restricted Period shall have terminated with respect to any Series 2007-1 Class A-2 Note, such Series 2007-1
Class A-2 Notes shall be referred to herein collectively, for purposes of this Section 4.2 and Section 4.5, as the “Regulation S Global Notes.” After such time as the Restricted Period shall have
terminated, the Regulation S Global Notes shall be 
  

 30 

 exchangeable, in whole or in part, for interests in one or more permanent global notes in registered form without
interest coupons, substantially in the form set forth in Exhibit A-2-3 hereto, as hereinafter provided (collectively, for purposes of this Section 4.2 and Section 4.5, the “Unrestricted Global
Notes”). The aggregate principal amount of the Regulation S Global Notes or the Unrestricted Global Notes may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for DTC, in connection
with a corresponding decrease or increase of aggregate principal amount of the corresponding Restricted Global Notes, as hereinafter provided. 
 (c) Definitive Notes. The Series 2007-1 Global Notes shall be exchangeable in their entirety for one or more definitive notes in registered form, without interest coupons (collectively, for purposes of this Section 4.2
and Section 4.5, the “Definitive Notes”) pursuant to Section 2.13 of the Base Indenture and this Section 4.2(c) in accordance with their terms and, upon complete exchange thereof, such Series
2007-1 Global Notes shall be surrendered for cancellation at the applicable Corporate Trust Office. 
 Section 4.3 Issuance of Series
2007-1 Class M-1 Notes. The Series 2007-1 Class M-1 Notes in the aggregate may be offered and sold in the Series 2007-1 Class M-1 Initial Principal Amount on the Series 2007-1 Closing Date by the Co-Issuers pursuant to the Series 2007-1
Class A-2/M-1 Note Purchase Agreement. The Series 2007-1 Class M-1 Notes will be resold initially only (A) in each case, to Persons who are not Competitors, (B) in the United States, to Persons who are both QIBs and QPs in reliance on
Rule 144A and (C) outside the United States, to QPs who are neither a U.S. Person nor a U.S. Resident in reliance on Regulation S. The Series 2007-1 Class M-1 Notes may thereafter be transferred in reliance on Rule 144A and/or Regulation S and
in accordance with the procedure described herein. The Series 2007-1 Class M-1 Notes will be Book-Entry Notes and DTC will be the Depository for the Series 2007-1 Class M-1 Notes. The Applicable Procedures shall be applicable to transfers of
beneficial interests in the Series 2007-1 Class M-1 Notes. The Series 2007-1 Class M-1 Notes shall be issued in minimum denominations of $100,000 and integral multiples of $1,000 in excess thereof. 
 (a) Restricted Global Notes. The Series 2007-1 Class M-1 Notes offered and sold in their initial distribution in reliance upon Rule 144A will be
issued in the form of one or more global notes in fully registered form, without coupons, substantially in the form set forth in Exhibit A-3-1 hereto, registered in the name of Cede, as nominee of DTC, and deposited with the Trustee, as
custodian for DTC (collectively, for purposes of this Section 4.3 and Section 4.6, the “Restricted Global Notes”). The aggregate initial principal amount of the Restricted Global Notes may from time to time
be increased or decreased by adjustments made on the records of the Trustee, as custodian for DTC, in connection with a corresponding decrease or increase in the aggregate initial principal amount of the corresponding class of Regulation S Global
Notes or the Unrestricted Global Notes, as hereinafter provided. 
 (b) Regulation S Global Notes and Unrestricted Global Notes. Any
Series 2007-1 Class M-1 Notes offered and sold on the Series 2007-1 Closing Date in 
  

 31 

 reliance upon Regulation S will be issued in the form of one or more global notes in fully registered form, without
coupons, substantially in the form set forth in Exhibit A-3-2 hereto, registered in the name of Cede, as nominee of DTC, and deposited with the Trustee, as custodian for DTC, for credit to the respective accounts at DTC of the designated
agents holding on behalf of Euroclear or Clearstream. Until such time as the Restricted Period shall have terminated with respect to any Series 2007-1 Class M-1 Note, such Series 2007-1 Class M-1 Notes shall be referred to herein collectively, for
purposes of this Section 4.3 and Section 4.6, as the “Regulation S Global Notes.” After such time as the Restricted Period shall have terminated, the Regulation S Global Notes shall be exchangeable, in whole
or in part, for interests in one or more permanent global notes in registered form without interest coupons, substantially in the form set forth in Exhibit A-3-3 hereto, as hereinafter provided (collectively, for purposes of this
Section 4.3 and Section 4.5, the “Unrestricted Global Notes”). The aggregate principal amount of the Regulation S Global Notes or the Unrestricted Global Notes may from time to time be increased or decreased
by adjustments made on the records of the Trustee, as custodian for DTC, in connection with a corresponding decrease or increase of aggregate principal amount of the corresponding Restricted Global Notes, as hereinafter provided. 
 (c) Definitive Notes. The Series 2007-1 Global Notes shall be exchangeable in their entirety for one or more definitive notes in registered form,
without interest coupons (collectively, for purposes of this Section 4.3 and Section 4.6, the “Definitive Notes”) pursuant to Section 2.13 of the Base Indenture and this Section 4.3(c)
in accordance with their terms and, upon complete exchange thereof, such Series 2007-1 Global Notes shall be surrendered for cancellation at the applicable Corporate Trust Office. 
 Section 4.4 Transfer Restrictions of Series 2007-1 Class A-1 Notes. 
 (a) Subject to the terms of the Indenture and the Series 2007-1 Class A-1 Note Purchase Agreement, the holder of any Series 2007-1 Class A-1
Advance Note may transfer the same in whole or in part, in an amount equivalent to an authorized denomination, by surrendering such Series 2007-1 Class A-1 Advance Note at the applicable Corporate Trust Office, with the form of transfer
endorsed on it duly completed and executed by, or accompanied by a written instrument of transfer in form satisfactory to the Co-Issuers and the Registrar by, the holder thereof or his attorney duly authorized in writing, with such signature
guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other
“signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, and accompanied by a certificate substantially in the form of Exhibit B-1 hereto; provided that if the holder of any
Series 2007-1 Class A-1 Advance Note transfers, in whole or in part, its interest in any Series 2007-1 Class A-1 Advance Note pursuant to (i) an Assignment and Assumption Agreement substantially in the form of Exhibit B to the
Series 2007-1 Class A-1 Note Purchase Agreement or (ii) an Investor Group Supplement substantially in the form of Exhibit C to the Series 2007-1 Class A-1 Note Purchase Agreement, then such Series 2007-1 Class A-1 Noteholder
will not be required to submit a certificate substantially in 
  

 32 

 the form of Exhibit B-1 hereto upon transfer of its interest in such Series 2007-1 Class A-1 Advance Note. In
exchange for any Series 2007-1 Class A-1 Advance Note properly presented for transfer, the Co-Issuers shall execute and the Trustee shall promptly authenticate and deliver or cause to be authenticated and delivered in compliance with applicable
law, to the transferee at such office, or send by mail (at the risk of the transferee) to such address as the transferee may request, Series 2007-1 Class A-1 Advance Notes for the same aggregate principal amount as was transferred. In the case
of the transfer of any Series 2007-1 Class A-1 Advance Note in part, the Co-Issuers shall execute and the Trustee shall promptly authenticate and deliver or cause to be authenticated and delivered to the transferor at such office, or send by
mail (at the risk of the transferor) to such address as the transferor may request, Series 2007-1 Class A-1 Notes for the aggregate principal amount that was not transferred. No transfer of any Series 2007-1 Class A-1 Advance Note shall be
made unless the request for such transfer is made by the Series 2007-1 Class A-1 Noteholder at such office. Neither the Co-Issuers nor the Trustee shall be liable for any delay in delivery of transfer instructions and each may conclusively rely
on, and shall be protected in relying on, such instructions. Upon the issuance of transferred Series 2007-1 Class A-1 Advance Notes, the Trustee shall recognize the holders of such Series 2007-1 Class A-1 Advance Note as Series 2007-1
Class A-1 Noteholders. 
 (b) Subject to the terms of the Indenture and the Series 2007-1 Class A-1 Note Purchase Agreement, the
Swingline Lender may transfer the Series 2007-1 Class A-1 Swingline Notes in whole but not in part by surrendering such Series 2007-1 Class A-1 Swingline Notes at the applicable Corporate Trust Office, with the form of transfer endorsed on
it duly completed and executed by, or accompanied by a written instrument of transfer in form satisfactory to the Co-Issuers and the Registrar by, the holder thereof or his attorney duly authorized in writing, with such signature guaranteed by an
“eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the STAMP or such other “signature guarantee program” as may be determined by the Registrar in
addition to, or in substitution for, STAMP, and accompanied by an assignment agreement pursuant to Section 9.17(d) of the Series 2007-1 Class A-1 Note Purchase Agreement. In exchange for any Series 2007-1 Class A-1 Swingline
Note properly presented for transfer, the Co-Issuers shall execute and the Trustee shall promptly authenticate and deliver or cause to be authenticated and delivered in compliance with applicable law, to the transferee at such office, or send by
mail (at the risk of the transferee) to such address as the transferee may request, a Series 2007-1 Class A-1 Swingline Note for the same aggregate principal amount as was transferred. No transfer of any Series 2007-1 Class A-1 Swingline
Note shall be made unless the request for such transfer is made by the Swingline Lender at such office. Neither the Co-Issuers nor the Trustee shall be liable for any delay in delivery of transfer instructions and each may conclusively rely on, and
shall be protected in relying on, such instructions. Upon the issuance of any transferred Series 2007-1 Class A-1 Swingline Note, the Trustee shall recognize the holder of such Series 2007-1 Class A-1 Swingline Note as a Series 2007-1
Class A-1 Noteholder. 
 (c) Subject to the terms of the Indenture and the Series 2007-1 Class A-1 Note Purchase Agreement, the L/C
Provider may transfer any Series 2007-1 Class A- 
  

 33 

 1 L/C Note in whole or in part, in an amount equivalent to an authorized denomination, by surrendering such Series 2007-1
Class A-1 L/C Note at the applicable Corporate Trust Office, with the form of transfer endorsed on it duly completed and executed by, or accompanied by a written instrument of transfer in form satisfactory to the Co-Issuers and the Registrar
by, the holder thereof or his attorney duly authorized in writing, with such signature guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in
the STAMP or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, and accompanied by an assignment agreement pursuant to Section 9.17(e) of the Series
2007-1 Class A-1 Note Purchase Agreement. In exchange for any Series 2007-1 Class A-1 L/C Note properly presented for transfer, the Co-Issuers shall execute and the Trustee shall promptly authenticate and deliver or cause to be
authenticated and delivered in compliance with applicable law, to the transferee at such office, or send by mail (at the risk of the transferee) to such address as the transferee may request, Series 2007-1 Class A-1 L/C Notes for the same
aggregate principal amount as was transferred. In the case of the transfer of any Series 2007-1 Class A-1 L/C Note in part, the Co-Issuers shall execute and the Trustee shall promptly authenticate and deliver or cause to be authenticated and
delivered to the transferor at such office, or send by mail (at the risk of transferor) to such address as the transferor may request, Series 2007-1 Class A-1 L/C Notes for the aggregate principal amount that was not transferred. No transfer of
any Series 2007-1 Class A-1 L/C Note shall be made unless the request for such transfer is made by the L/C Provider at such office. Neither the Co-Issuers nor the Trustee shall be liable for any delay in delivery of transfer instructions and
each may conclusively rely on, and shall be protected in relying on, such instructions. Upon the issuance of any transferred Series 2007-1 Class A-1 L/C Note, the Trustee shall recognize the holder of such Series 2007-1 Class A-1 L/C Note
as a Series 2007-1 Class A-1 Noteholder. 
 (d) Each Series 2007-1 Class A-1 Note shall bear the following legend: 
 THIS SERIES 2007-1 CLASS A-1 NOTE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER RELEVANT JURISDICTION, AND NONE OF THE CO-ISSUERS HAS BEEN REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE “INVESTMENT COMPANY ACT”). THIS
NOTE AND ANY INTEREST HEREIN MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY TO PERSONS WHO ARE NOT COMPETITORS, UNLESS THE CO-ISSUERS GIVE WRITTEN CONSENT TO SUCH OFFER, SALE, PLEDGE OR OTHER TRANSFER, AND IN ACCORDANCE WITH THE
PROVISIONS OF THE CLASS A-1 NOTE PURCHASE AGREEMENT, DATED AS OF APRIL 16, 2007 BY AND AMONG THE CO-ISSUERS, THE MASTER SERVICER, THE SERIES 2007-1 CLASS A-1 INVESTORS, THE SERIES 2007-1 NOTEHOLDERS, THE SERIES 2007-1 SUBFACILITY LENDERS AND LEHMAN
COMMERCIAL PAPER INC. AS ADMINISTRATIVE AGENT. 
  

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 The required legend set forth above shall not be removed from the Series 2007-1 Class A-1 Notes except as provided
herein. 
 Section 4.5 Transfer Restrictions of Series 2007-1 Class A-2 Notes. 
 (a) A Series 2007-1 Global Note may not be transferred, in whole or in part, to any Person other than DTC or a nominee thereof, or to a successor
Depository or to a nominee of a successor Depository, and no such transfer to any such other Person may be registered; provided, however, that this Section 4.5(a) shall not prohibit any transfer of a Series 2007-1
Class A-2 Note that is issued in exchange for a Series 2007-1 Global Note in accordance with Section 2.8 of the Base Indenture and shall not prohibit any transfer of a beneficial interest in a Series 2007-1 Global Note effected in
accordance with the other provisions of this Section 4.5. 
 (b) The transfer by a Series 2007-1 Class A-2 Noteholder
holding a beneficial interest in a Restricted Global Note to a Person who wishes to take delivery thereof in the form of a beneficial interest in the Restricted Global Note shall be made upon the deemed representation of the transferee that it is
purchasing for its own account or an account with respect to which it exercises sole investment discretion and that it and any such account is a QIB, a QP and not a Competitor, and is aware that the sale to it is being made in reliance on Rule 144A
and acknowledges that it has received such information regarding the Co-Issuers as such transferee has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon its
foregoing representations in order to claim the exemption from registration provided by Rule 144A. 
 (c) If a Series 2007-1 Class A-2
Noteholder holding a beneficial interest in a Restricted Global Note wishes at any time to exchange its interest in such Restricted Global Note for an interest in the Regulation S Global Note, or to transfer such interest to a Person who wishes to
take delivery thereof in the form of a beneficial interest in the Regulation S Global Note, such exchange or transfer may be effected, subject to the Applicable Procedures, only in accordance with the provisions of this Section 4.5(c).
Upon receipt by the Registrar, at the applicable Corporate Trust Office, of (i) written instructions given in accordance with the Applicable Procedures from a Clearing Agency Participant directing the Registrar to credit or cause to be credited
to a specified Clearing Agency Participant’s account a beneficial interest in the Regulation S Global Note, in a principal amount equal to that of the beneficial interest in such Restricted Global Note to be so exchanged or transferred,
(ii) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Clearing Agency Participant (and the Euroclear or Clearstream account, as the case may be) to be credited with, and the
account of the Clearing Agency Participant to be debited for, such beneficial interest and (iii) a certificate in substantially the form set forth in Exhibit B-2 hereto given by the Series 2007-1 Class A-2 Noteholder holding
such beneficial interest in such Restricted Global Note, the Registrar shall instruct the Trustee, as custodian of 
  

 35 

 DTC, to reduce the principal amount of the Restricted Global Note, and to increase the principal amount of the Regulation
S Global Note, by the principal amount of the beneficial interest in such Restricted Global Note to be so exchanged or transferred, and to credit or cause to be credited to the account of the Person specified in such instructions (which shall be the
Clearing Agency Participant for Euroclear or Clearstream or both, as the case may be) a beneficial interest in the Regulation S Global Note having a principal amount equal to the amount by which the principal amount of such Restricted Global Note
was reduced upon such exchange or transfer. 
 (d) If a Series 2007-1 Class A-2 Noteholder holding a beneficial interest in a Restricted
Global Note wishes at any time to exchange its interest in such Restricted Global Note for an interest in the Unrestricted Global Note, or to transfer such interest to a Person who wishes to take delivery thereof in the form of a beneficial interest
in the Unrestricted Global Note, such exchange or transfer may be effected, subject to the Applicable Procedures, only in accordance with the provisions of this Section 4.5(d). Upon receipt by the Registrar, at the applicable Corporate
Trust Office, of (i) written instructions given in accordance with the Applicable Procedures from a Clearing Agency Participant directing the Registrar to credit or cause to be credited to a specified Clearing Agency Participant’s account
a beneficial interest in the Unrestricted Global Note in a principal amount equal to that of the beneficial interest in such Restricted Global Note to be so exchanged or transferred, (ii) a written order given in accordance with the Applicable
Procedures containing information regarding the account of the Clearing Agency Participant (and the Euroclear or Clearstream account, as the case may be) to be credited with, and the account of the Clearing Agency Participant to be debited for, such
beneficial interest and (iii) a certificate in substantially the form of Exhibit B-3 hereto given by the Series 2007-1 Class A-2 Noteholder holding such beneficial interest in such Restricted Global Note, the Registrar shall
instruct the Trustee, as custodian of DTC, to reduce the principal amount of such Restricted Global Note, and to increase the principal amount of the Unrestricted Global Note, by the principal amount of the beneficial interest in such Restricted
Global Note to be so exchanged or transferred, and to credit or cause to be credited to the account of the Person specified in such instructions (which shall be the Clearing Agency Participant for Euroclear or Clearstream or both, as the case may
be) a beneficial interest in the Unrestricted Global Note having a principal amount equal to the amount by which the principal amount of such Restricted Global Note was reduced upon such exchange or transfer. 
 (e) If a Series 2007-1 Class A-2 Noteholder holding a beneficial interest in a Regulation S Global Note or an Unrestricted Global Note wishes at any
time to exchange its interest in such Regulation S Global Note or such Unrestricted Global Note for an interest in the Restricted Global Note, or to transfer such interest to a Person who wishes to take delivery thereof in the form of a beneficial
interest in the Restricted Global Note, such exchange or transfer may be effected, subject to the Applicable Procedures, only in accordance with the provisions of this Section 4.5(e). Upon receipt by the Registrar, at the applicable
Corporate Trust Office, of (i) written instructions given in accordance with the Applicable Procedures from a Clearing Agency Participant directing the Registrar to credit or cause to be credited to a specified Clearing Agency
Participant’s account a beneficial interest in the Restricted Global Note in a principal 
  

 36 

 amount equal to that of the beneficial interest in such Regulation S Global Note or such Unrestricted Global Note, as the
case may be, to be so exchanged or transferred, (ii) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Clearing Agency Participant (and the Euroclear or Clearstream account,
as the case may be) to be credited with, and the account of the Clearing Agency Participant to be debited for, such beneficial interest and (iii) with respect to a transfer of a beneficial interest in such Regulation S Global Note (but not such
Unrestricted Global Note), a certificate in substantially the form set forth in Exhibit B-4 hereto given by such Series 2007-1 Class A-2 Noteholder holding such beneficial interest in such Regulation S Global Note, the Registrar
shall instruct the Trustee, as custodian of DTC, to reduce the principal amount of such Regulation S Global Note or such Unrestricted Global Note, as the case may be, and to increase the principal amount of the Restricted Global Note, by the
principal amount of the beneficial interest in such Regulation S Global Note or such Unrestricted Global Note to be so exchanged or transferred, and to credit or cause to be credited to the account of the Person specified in such instructions (which
shall be the Clearing Agency Participant for DTC) a beneficial interest in the Restricted Global Note having a principal amount equal to the amount by which the principal amount of such Regulation S Global Note or such Unrestricted Global Note, as
the case may be, was reduced upon such exchange or transfer. 
 (f) In the event that a Series 2007-1 Global Note or any portion thereof is
exchanged for Series 2007-1 Class A-2 Notes other than Series 2007-1 Global Notes, such other Series 2007-1 Class A-2 Notes may in turn be exchanged (upon transfer or otherwise) for Series 2007-1 Class A-2 Notes that are not Series
2007-1 Global Notes or for a beneficial interest in a Series 2007-1 Global Note (if any is then outstanding) only in accordance with such procedures as may be adopted from time to time by the Co-Issuers (with the consent of the Series 2007-1
Class A Lead Insurer) and the Registrar, which shall be substantially consistent with the provisions of Sections 4.5(a) through Section 4.5(e) and Section 4.5(g) of this Series Supplement (including the
certification requirement intended to ensure that transfers and exchanges of beneficial interests in a Series 2007-1 Global Note comply with Rule 144A or Regulation S under the Securities Act, as the case may be) and any Applicable Procedures.

 (g) Until the termination of the Restricted Period with respect to any Series 2007-1 Class A-2 Note, interests in the Regulation S
Global Notes representing such Series 2007-1 Class A-2 Note may be held only through Clearing Agency Participants acting for and on behalf of Euroclear and Clearstream; provided that this Section 4.5(g) shall not prohibit any
transfer in accordance with Section 4.5(d) of this Series Supplement. After the expiration of the applicable Restricted Period, interests in the Unrestricted Global Notes may be transferred without requiring any certifications other than
those set forth in this Section 4.5. 
  

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 (h) The Series 2007-1 Class A-2 Notes Restricted Global Notes and Regulation S Global Notes shall
bear the following legend: 
 THIS SERIES 2007-1 CLASS A-2 NOTE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER RELEVANT JURISDICTION, AND NONE OF DOMINO’S PIZZA MASTER ISSUER LLC, DOMINO’S PIZZA DISTRIBUTION LLC, DOMINO’S IP
HOLDER LLC AND DOMINO’S SPV CANADIAN HOLDING COMPANY INC. (THE “CO-ISSUERS”) HAS BEEN REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE “INVESTMENT COMPANY ACT”). THIS NOTE OR ANY INTEREST 
 HEREIN MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) IN ALL CASES, TO A PERSON WHO IS NOT A COMPETITOR AND (B) (I) IN THE
UNITED STATES TO AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE WHO IS BOTH A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) AND A “QUALIFIED PURCHASER” (WITHIN THE
MEANING OF THE INVESTMENT COMPANY ACT), ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION, EACH OF WHICH IS BOTH A QUALIFIED INSTITUTIONAL
BUYER AND A QUALIFIED PURCHASER, AND NONE OF WHICH ARE (X) A PARTICIPANT-DIRECTED EMPLOYEE PLAN, SUCH AS A 401(k) PLAN, OR ANY OTHER TYPE OF PLAN REFERRED TO IN PARAGRAPH (a)(1)(i)(D) OR (a)(1)(i)(E) OF RULE 144A, OR A TRUST FUND REFERRED TO IN
PARAGRAPH (a)(1)(i)(F) OF RULE 144A THAT HOLDS THE ASSETS OF SUCH A PLAN, OR (Y) FORMED FOR THE PURPOSE OF INVESTING IN THE CO-ISSUERS (EXCEPT WHERE EACH BENEFICIAL OWNER IS A QUALIFIED PURCHASER), OR (II) OUTSIDE THE UNITED STATES TO AN
INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE WHO IS A QUALIFIED PURCHASER AND NEITHER A U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT (“REGULATION S”)) NOR A U.S. RESIDENT (AS DEFINED FOR PURPOSES OF THE INVESTMENT
COMPANY ACT), ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION, EACH OF WHICH IS A QUALIFIED PURCHASER, AND NONE OF WHICH ARE A U.S. PERSON
OR A U.S. RESIDENT, IN OFFSHORE TRANSACTIONS IN RELIANCE ON REGULATION S, AND, IN EACH CASE, IN COMPLIANCE WITH THE CERTIFICATIONS AND OTHER REQUIREMENTS SPECIFIED IN THE INDENTURE REFERRED TO HEREIN AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE
OR THE UNITED STATES AND ANY OTHER RELEVANT JURISDICTION. 
 EACH INITIAL PURCHASER AND EACH SUBSEQUENT TRANSFEREE TAKING DELIVERY OF THIS
NOTE OR AN INTEREST IN THIS NOTE 
  

 38 

 WILL BE DEEMED TO HAVE MADE THE APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE.
EACH INITIAL PURCHASER AND EACH SUBSEQUENT TRANSFEREE TAKING DELIVERY OF THIS NOTE OR AN INTEREST IN THIS NOTE IN THE FORM OF AN INTEREST IN A REGULATION S GLOBAL NOTE OR AN UNRESTRICTED GLOBAL NOTE WILL BE REQUIRED TO DELIVER A TRANSFER CERTIFICATE
IN THE FORM REQUIRED BY THE INDENTURE AND WILL BE REQUIRED TO MAKE THE APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. 
 ANY TRANSFER OF THIS NOTE IN VIOLATION OF THE FOREGOING WILL BE OF NO FORCE AND EFFECT AND WILL BE VOID AB INITIO AND WILL NOT OPERATE TO TRANSFER ANY RIGHTS TO THE INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE, NOTWITHSTANDING ANY
INSTRUCTIONS TO THE CONTRARY TO THE CO-ISSUERS, THE TRUSTEE OR ANY INTERMEDIARY. 
 THE CO-ISSUERS MAY REQUIRE ANY HOLDER OF THIS NOTE WHO IS
DETERMINED NOT TO HAVE BEEN BOTH A QUALIFIED INSTITUTIONAL BUYER AND A QUALIFIED PURCHASER AT THE TIME OF ACQUISITION OF THIS NOTE TO SELL THIS NOTE TO A PERSON WHO IS (I) BOTH A QUALIFIED INSTITUTIONAL BUYER AND A QUALIFIED PURCHASER IN A
TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A OR (II) A QUALIFIED PURCHASER AND NEITHER A U.S. PERSON (AS DEFINED IN REGULATION S) NOR A U.S. RESIDENT (AS DEFINED FOR PURPOSES OF THE INVESTMENT COMPANY ACT) IN A TRANSACTION MEETING THE
REQUIREMENTS OF REGULATION S. 
 (i) The Series 2007-1 Class A-2 Notes Regulation S Global Notes shall also bear the following legend:

 UNTIL 40 DAYS AFTER THE ORIGINAL ISSUE DATE OF THE NOTES (THE “RESTRICTED PERIOD”) IN CONNECTION WITH THE OFFERING OF THE NOTES
IN THE UNITED STATES FROM OUTSIDE OF THE UNITED STATES, THE SALE, PLEDGE OR TRANSFER OF THIS NOTE IS SUBJECT TO CERTAIN CONDITIONS AND RESTRICTIONS. THE HOLDER HEREOF, BY PURCHASING OR OTHERWISE ACQUIRING THIS NOTE, ACKNOWLEDGES THAT SUCH HOLDER IS
A QUALIFIED PURCHASER, THAT THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT AND AGREES FOR THE BENEFIT OF THE CO-ISSUERS THAT THIS NOTE MAY BE TRANSFERRED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES
ACT AND OTHER APPLICABLE LAWS OF THE STATES, TERRITORIES AND POSSESSIONS OF THE UNITED STATES GOVERNING THE OFFER AND SALE OF SECURITIES, AND PRIOR TO 
  

 39 

 THE EXPIRATION OF THE RESTRICTED PERIOD, ONLY (I) IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH
REGULATION S UNDER THE SECURITIES ACT OR (II) PURSUANT TO AND IN ACCORDANCE WITH RULE 144A UNDER THE SECURITIES ACT. 
 (j) The Series 2007-1
Global Notes issued in connection with the Series 2007-1 Class A-2 Notes shall bear the following legend: 
 THIS NOTE IS A GLOBAL NOTE
WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY (“DTC”), A NEW YORK CORPORATION, 55 WATER STREET, NEW YORK, NEW YORK 10004, OR A NOMINEE THEREOF. THIS NOTE MAY NOT
BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN DTC OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE
INDENTURE. UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO DOMINO’S MASTER ISSUER LLC, DOMINO’S PIZZA DISTRIBUTION LLC, DOMINO’S IP HOLDER LLC, AND DOMINO’S SPV CANADIAN HOLDING COMPANY INC. (THE
“CO-ISSUERS”) OR THE REGISTRAR, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH
OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL BECAUSE THE REGISTERED OWNER, CEDE & CO., HAS AN INTEREST HEREIN.

 (k) The required legends set forth above shall not be removed from the applicable Series 2007-1 Class A-2 Notes except as provided
herein. The legend required for a Series 2007-1 Class A-2 Restricted Global Note may be removed from such Series 2007-1 Class A-2 Notes Restricted Global Note if there is delivered to the Co-Issuers and the Registrar such satisfactory
evidence, which may include an Opinion of Counsel as may be reasonably required by the Co-Issuers that neither such legend nor the restrictions on transfer set forth therein are required to ensure that transfers of such Series 2007-1 Class A-2
Notes Restricted Global Note will not violate the registration requirements of the Securities Act. Upon provision of such satisfactory evidence, the Trustee at the direction of the Master Issuer, on behalf of the Co-Issuers, shall authenticate and
deliver in exchange for such Series 2007-1 Class A-2 Notes Restricted Global Note a Series 2007-1 Class A-2 Note or Series 2007-1 Class A-2 Notes having an equal aggregate principal amount that does not bear such legend. If such a
legend required for a Series 2007-1 Class A-2 Notes Restricted Global Note has been removed from a Series 2007-1 Class A-2 Note as provided above, no other Series 2007-1 Class A-2 Note issued in exchange for all or any part of such
Series 2007-1 Class A-2 Note shall bear such legend, 
  

 40 

 unless the Co-Issuers have reasonable cause to believe that such other Series 2007-1 Class A-2 Note is a
“restricted security” within the meaning of Rule 144 under the Securities Act and instructs the Trustee to cause a legend to appear thereon. 
 Section 4.6 Transfer Restrictions of Series 2007-1 Class M-1 Notes. 
 (a) A Series 2007-1 Global
Note may not be transferred, in whole or in part, to any Person other than DTC or a nominee thereof, or to a successor Depository or to a nominee of a successor Depository, and no such transfer to any such other Person may be registered;
provided, however, that this Section 4.6(a) shall not prohibit any transfer of a Series 2007-1 Class M-1 Note that is issued in exchange for a Series 2007-1 Global Note in accordance with Section 2.8 of the Base
Indenture and shall not prohibit any transfer of a beneficial interest in a Series 2007-1 Global Note effected in accordance with the other provisions of this Section 4.6. 
 (b) The transfer by a Series 2007-1 Class M-1 Noteholder holding a beneficial interest in a Restricted Global Note to a Person who wishes to take
delivery thereof in the form of a beneficial interest in the Restricted Global Note shall be made upon the deemed representation of the transferee that it is purchasing for its own account or an account with respect to which it exercises sole
investment discretion and that it and any such account is a QIB, a QP and not a Competitor, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received such information regarding the Co-Issuers as
such transferee has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon its foregoing representations in order to claim the exemption from registration provided
by Rule 144A. 
 (c) If a Series 2007-1 Class M-1 Noteholder holding a beneficial interest in a Restricted Global Note wishes at any time to
exchange its interest in such Restricted Global Note for an interest in the Regulation S Global Note, or to transfer such interest to a Person who wishes to take delivery thereof in the form of a beneficial interest in the Regulation S Global Note,
such exchange or transfer may be effected, subject to the Applicable Procedures, only in accordance with the provisions of this Section 4.6(c). Upon receipt by the Registrar, at the applicable Corporate Trust Office, of (i) written
instructions given in accordance with the Applicable Procedures from a Clearing Agency Participant directing the Registrar to credit or cause to be credited to a specified Clearing Agency Participant’s account a beneficial interest in the
Regulation S Global Note, in a principal amount equal to that of the beneficial interest in such Restricted Global Note to be so exchanged or transferred, (ii) a written order given in accordance with the Applicable Procedures containing
information regarding the account of the Clearing Agency Participant (and the Euroclear or Clearstream account, as the case may be) to be credited with, and the account of the Clearing Agency Participant to be debited for, such beneficial interest
and (iii) a certificate in substantially the form set forth in Exhibit B-5 hereto given by the Series 2007-1 Class M-1 Noteholder holding such beneficial interest in such Restricted Global Note, the Registrar shall instruct the
Trustee, as custodian of DTC, to reduce the principal amount of the Restricted Global Note, and to increase the principal amount of the Regulation S Global Note, by the principal amount of the 
  

 41 

 beneficial interest in such Restricted Global Note to be so exchanged or transferred, and to credit or cause to be
credited to the account of the Person specified in such instructions (which shall be the Clearing Agency Participant for Euroclear or Clearstream or both, as the case may be) a beneficial interest in the Regulation S Global Note having a principal
amount equal to the amount by which the principal amount of such Restricted Global Note was reduced upon such exchange or transfer. 
 (d) If
a Series 2007-1 Class M-1 Noteholder holding a beneficial interest in a Restricted Global Note wishes at any time to exchange its interest in such Restricted Global Note for an interest in the Unrestricted Global Note, or to transfer such interest
to a Person who wishes to take delivery thereof in the form of a beneficial interest in the Unrestricted Global Note, such exchange or transfer may be effected, subject to the Applicable Procedures, only in accordance with the provisions of this
Section 4.6(d). Upon receipt by the Registrar, at the applicable Corporate Trust Office, of (i) written instructions given in accordance with the Applicable Procedures from a Clearing Agency Participant directing the Registrar to
credit or cause to be credited to a specified Clearing Agency Participant’s account a beneficial interest in the Unrestricted Global Note in a principal amount equal to that of the beneficial interest in such Restricted Global Note to be so
exchanged or transferred, (ii) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Clearing Agency Participant (and the Euroclear or Clearstream account, as the case may be) to
be credited with, and the account of the Clearing Agency Participant to be debited for, such beneficial interest and (iii) a certificate in substantially the form of Exhibit B-6 hereto given by the Series 2007-1 Class M-1 Noteholder
holding such beneficial interest in such Restricted Global Note, the Registrar shall instruct the Trustee, as custodian of DTC, to reduce the principal amount of such Restricted Global Note, and to increase the principal amount of the Unrestricted
Global Note, by the principal amount of the beneficial interest in such Restricted Global Note to be so exchanged or transferred, and to credit or cause to be credited to the account of the Person specified in such instructions (which shall be the
Clearing Agency Participant for Euroclear or Clearstream or both, as the case may be) a beneficial interest in the Unrestricted Global Note having a principal amount equal to the amount by which the principal amount of such Restricted Global Note
was reduced upon such exchange or transfer. 
 (e) If a Series 2007-1 Class M-1 Noteholder holding a beneficial interest in a Regulation S
Global Note or an Unrestricted Global Note wishes at any time to exchange its interest in such Regulation S Global Note or such Unrestricted Global Note for an interest in the Restricted Global Note, or to transfer such interest to a Person who
wishes to take delivery thereof in the form of a beneficial interest in the Restricted Global Note, such exchange or transfer may be effected, subject to the Applicable Procedures, only in accordance with the provisions of this
Section 4.6(e). Upon receipt by the Registrar, at the applicable Corporate Trust Office, of (i) written instructions given in accordance with the Applicable Procedures from a Clearing Agency Participant directing the Registrar to
credit or cause to be credited to a specified Clearing Agency Participant’s account a beneficial interest in the Restricted Global Note in a principal amount equal to that of the beneficial interest in such Regulation S Global Note or such
Unrestricted Global Note, as the case may be, to be so exchanged or transferred, (ii) a 
  

 42 

 written order given in accordance with the Applicable Procedures containing information regarding the account of the
Clearing Agency Participant (and the Euroclear or Clearstream account, as the case may be) to be credited with, and the account of the Clearing Agency Participant to be debited for, such beneficial interest and (iii) with respect to a transfer
of a beneficial interest in such Regulation S Global Note (but not such Unrestricted Global Note), a certificate in substantially the form set forth in Exhibit B-7 hereto given by such Series 2007-1 Class M-1 Noteholder holding such
beneficial interest in such Regulation S Global Note, the Registrar shall instruct the Trustee, as custodian of DTC, to reduce the principal amount of such Regulation S Global Note or such Unrestricted Global Note, as the case may be, and to
increase the principal amount of the Restricted Global Note, by the principal amount of the beneficial interest in such Regulation S Global Note or such Unrestricted Global Note to be so exchanged or transferred, and to credit or cause to be
credited to the account of the Person specified in such instructions (which shall be the Clearing Agency Participant for DTC) a beneficial interest in the Restricted Global Note having a principal amount equal to the amount by which the principal
amount of such Regulation S Global Note or such Unrestricted Global Note, as the case may be, was reduced upon such exchange or transfer. 
 (f) In the event that a Series 2007-1 Global Note or any portion thereof is exchanged for Series 2007-1 Class M-1 Notes other than Series 2007-1 Global Notes, such other Series 2007-1 Class M-1 Notes may in turn be exchanged (upon transfer
or otherwise) for Series 2007-1 Class M-1 Notes that are not Series 2007-1 Global Notes or for a beneficial interest in a Series 2007-1 Global Note (if any is then outstanding) only in accordance with such procedures as may be adopted from time to
time by the Co-Issuers and the Registrar, which shall be substantially consistent with the provisions of Sections 4.6(a) through Section 4.6(e) and Section 4.6(g) of this Series Supplement (including the
certification requirement intended to ensure that transfers and exchanges of beneficial interests in a Series 2007-1 Global Note comply with Rule 144A or Regulation S, as the case may be) and any Applicable Procedures. 
 (g) Until the termination of the Restricted Period with respect to any Series 2007-1 Class M-1 Note, interests in the Regulation S Global Notes
representing such Series 2007-1 Class M-1 Note may be held only through Clearing Agency Participants acting for and on behalf of Euroclear and Clearstream; provided that this Section 4.6(g) shall not prohibit any transfer in
accordance with Section 4.6(d) of this Series Supplement. After the expiration of the applicable Restricted Period, interests in the Unrestricted Global Notes may be transferred without requiring any certifications other than those set
forth in this Section 4.6. 
 (h) The Series 2007-1 Class M-1 Notes Restricted Global Notes and Regulation S Global Notes shall
bear the following legend: 
 THIS SERIES 2007-1 CLASS M-1 NOTE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER 
  

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 RELEVANT JURISDICTION, AND NONE OF DOMINO’S MASTER ISSUER LLC DOMINO’S PIZZA DISTRIBUTION LLC,
DOMINO’S IP HOLDER LLC AND DOMINO’S SPV CANADIAN HOLDING COMPANY INC. (THE “CO-ISSUERS”) HAS BEEN REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE “INVESTMENT COMPANY ACT”). THIS NOTE OR ANY INTEREST
HEREIN MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) IN ALL CASES, TO A PERSON WHO IS NOT A COMPETITOR AND (B) (I) IN THE UNITED STATES TO AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE WHO IS BOTH A “QUALIFIED
INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) AND A “QUALIFIED PURCHASER” (WITHIN THE MEANING OF THE INVESTMENT COMPANY ACT), ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH
RESPECT TO WHICH SUCH INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION, EACH OF WHICH IS BOTH A QUALIFIED INSTITUTIONAL BUYER AND A QUALIFIED PURCHASER, AND NONE OF WHICH ARE (X) A PARTICIPANT-DIRECTED EMPLOYEE
PLAN, SUCH AS A 401(k) PLAN, OR ANY OTHER TYPE OF PLAN REFERRED TO IN PARAGRAPH (a)(1)(i)(D) OR (a)(1)(i)(E) OF RULE 144A, OR A TRUST FUND REFERRED TO IN PARAGRAPH (a)(1)(i)(F) OF RULE 144A THAT HOLDS THE ASSETS OF SUCH A PLAN, OR (Y) FORMED
FOR THE PURPOSE OF INVESTING IN THE CO-ISSUERS (EXCEPT WHERE EACH BENEFICIAL OWNER IS A QUALIFIED PURCHASER), OR (II) OUTSIDE THE UNITED STATES TO AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE WHO IS A QUALIFIED PURCHASER AND NEITHER A U.S.
PERSON (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT (“REGULATION S”)) NOR A U.S. RESIDENT (AS DEFINED FOR PURPOSES OF THE INVESTMENT COMPANY ACT), ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH
INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION, EACH OF WHICH IS A QUALIFIED PURCHASER, AND NONE OF WHICH ARE A U.S. PERSON OR A U.S. RESIDENT, IN OFFSHORE TRANSACTIONS IN RELIANCE ON REGULATION S, AND, IN EACH CASE,
IN COMPLIANCE WITH THE CERTIFICATIONS AND OTHER REQUIREMENTS SPECIFIED IN THE INDENTURE REFERRED TO HEREIN AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OR THE UNITED STATES AND ANY OTHER RELEVANT JURISDICTION. 
 EACH INITIAL PURCHASER AND EACH SUBSEQUENT TRANSFEREE TAKING DELIVERY OF THIS NOTE OR AN INTEREST IN THIS NOTE WILL BE DEEMED TO HAVE MADE THE APPLICABLE
REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. EACH INITIAL PURCHASER AND EACH SUBSEQUENT TRANSFEREE TAKING DELIVERY OF THIS NOTE OR AN INTEREST IN THIS NOTE IN THE FORM OF AN INTEREST IN A REGULATION S 
  

 44 

 GLOBAL NOTE OR AN UNRESTRICTED GLOBAL NOTE WILL BE REQUIRED TO DELIVER A TRANSFER CERTIFICATE IN THE FORM
REQUIRED BY THE INDENTURE AND WILL BE REQUIRED TO MAKE THE APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. 
 ANY
TRANSFER OF THIS NOTE IN VIOLATION OF THE FOREGOING WILL BE OF NO FORCE AND EFFECT AND WILL BE VOID AB INITIO AND WILL NOT OPERATE TO TRANSFER ANY RIGHTS TO THE INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE, NOTWITHSTANDING ANY INSTRUCTIONS TO THE
CONTRARY TO THE CO-ISSUERS, THE TRUSTEE OR ANY INTERMEDIARY. 
 THE CO-ISSUERS MAY REQUIRE ANY HOLDER OF THIS NOTE WHO IS DETERMINED NOT TO
HAVE BEEN BOTH A QUALIFIED INSTITUTIONAL BUYER AND A QUALIFIED PURCHASER AT THE TIME OF ACQUISITION OF THIS NOTE TO SELL THIS NOTE TO A PERSON WHO IS (I) BOTH A QUALIFIED INSTITUTIONAL BUYER AND A QUALIFIED PURCHASER IN A TRANSACTION MEETING
THE REQUIREMENTS OF RULE 144A OR (II) A QUALIFIED PURCHASER AND NEITHER A U.S. PERSON (AS DEFINED IN REGULATION S) NOR A U.S. RESIDENT (AS DEFINED FOR PURPOSES OF THE INVESTMENT COMPANY ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF REGULATION S.

 (i) The Series 2007-1 Class M-1 Notes Regulation S Global Notes shall also bear the following legend: 
 UNTIL 40 DAYS AFTER THE ORIGINAL ISSUE DATE OF THE NOTES (THE “RESTRICTED PERIOD”) IN CONNECTION WITH THE OFFERING OF THE NOTES IN THE UNITED
STATES FROM OUTSIDE OF THE UNITED STATES, THE SALE, PLEDGE OR TRANSFER OF THIS NOTE IS SUBJECT TO CERTAIN CONDITIONS AND RESTRICTIONS. THE HOLDER HEREOF, BY PURCHASING OR OTHERWISE ACQUIRING THIS NOTE, ACKNOWLEDGES THAT SUCH HOLDER IS A QUALIFIED
PURCHASER, THAT THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT AND AGREES FOR THE BENEFIT OF THE CO-ISSUERS THAT THIS NOTE MAY BE TRANSFERRED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER
APPLICABLE LAWS OF THE STATES, TERRITORIES AND POSSESSIONS OF THE UNITED STATES GOVERNING THE OFFER AND SALE OF SECURITIES, AND PRIOR TO THE EXPIRATION OF THE RESTRICTED PERIOD, ONLY (I) IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION
S UNDER THE SECURITIES ACT OR (II) PURSUANT TO AND IN ACCORDANCE WITH RULE 144A UNDER THE SECURITIES ACT. 
  

 45 

 (j) The Series 2007-1 Global Notes issued in connection with the Series 2007-1 Class M-1 Notes shall bear
the following legend: 
 THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME
OF THE DEPOSITORY TRUST COMPANY (“DTC”), A NEW YORK CORPORATION, 55 WATER STREET, NEW YORK, NEW YORK 10004, OR A NOMINEE THEREOF. THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS NOTE IN
WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN DTC OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO DOMINO’S
MASTER ISSUER LLC, DOMINO’S PIZZA DISTRIBUTION LLC, DOMINO’S IP HOLDER LLC AND DOMINO’S SPV CANADIAN HOLDING COMPANY INC. THE “CO-ISSUERS”) OR THE REGISTRAR, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE OR OTHER USE HEREOF
FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL BECAUSE THE REGISTERED OWNER, CEDE & CO., HAS AN INTEREST HEREIN. 
 (k) The
required legends set forth above shall not be removed from the applicable Series 2007-1 Class M-1 Notes except as provided herein. The legend required for a Series 2007-1 Class M-1 Restricted Global Note may be removed from such Series 2007-1 Class
M-1 Restricted Global Note if there is delivered to the Co-Issuers and the Registrar such satisfactory evidence, which may include an Opinion of Counsel as may be reasonably required by the Co-Issuers that neither such legend nor the restrictions on
transfer set forth therein are required to ensure that transfers of such Series 2007-1 Class M-1 Restricted Global Note will not violate the registration requirements of the Securities Act. Upon provision of such satisfactory evidence, the Trustee
at the direction of the Master Issuer, on behalf of the Co-Issuers, shall authenticate and deliver in exchange for such Series 2007-1 Class M-1 Restricted Global Note a Series 2007-1 Class M-1 Note or Series 2007-1 Class M-1 Notes having an equal
aggregate principal amount that does not bear such legend. If such a legend required for a Series 2007-1 Class M-1 Restricted Global Note has been removed from a Series 2007-1 Class M-1 Note as provided above, no other Series 2007-1 Class M-1 Note
issued in exchange for all or any part of such Series 2007-1 Class M-1 Note shall bear such legend, unless the Co-Issuers have reasonable cause to believe that such other Series 2007-1 Class M-1 Note is a “restricted security” within the
meaning of Rule 144 under the Securities Act and instructs the Trustee to cause a legend to appear thereon. 
  

 46 

 Section 4.7 Section 3(c)(7) Procedures. 
 (a) The Co-Issuers shall, upon two (2) Business Days’ prior written notice, cause the Registrar to send, and the Registrar hereby agrees to send
on at least an annual basis a notice from the Co-Issuers to DTC in substantially the form of Exhibit D hereto (the “Important Section 3(c)(7) Notice”), with a request that DTC forward each such notice to the relevant DTC
participants for further delivery to the Series 2007-1 Note Owners. If DTC notifies the Co-Issuers or the Registrar that it will not forward such notices, the Co-Issuers will request DTC to deliver to the Co-Issuers a list of all DTC participants
holding an interest in the Series 2007-1 Notes and the Registrar and Paying Agent will send the Important Section 3(c)(7) Notice directly to such participants. 
 (b) The Co-Issuers will take the following steps in connection with the Series 2007-1 Notes: 
 (i) The Co-Issuers will direct DTC to include the “3c7” marker in the DTC 20-character security descriptor and the 48-character additional descriptor for the Restricted Global Note in order to indicate that sales are limited to
QIB/QPs. 
 (ii) The Co-Issuers will direct DTC to cause each physical DTC deliver order ticket delivered by DTC to purchasers
to contain the DTC 20-character security descriptor; and will direct DTC to cause each DTC deliver order ticket delivered by DTC to purchasers in electronic form to contain the “3c7” indicator and a related user manual for participants,
which will contain a description of the relevant restrictions. 
 (iii) The Co-Issuers will instruct DTC to send an Important
Section 3(c)(7) Notice to all DTC participants in connection with the initial offering of the Series of Series 2007-1 Notes. 
 (iv) The Co-Issuers will advise DTC that they are Section 3(c)(7) issuers and will request DTC to include the Restricted Global Note in DTC’s “Reference Directory” of Section 3(c)(7) offerings and provide such
participants with an Important Section 3(c)(7) Notice. 
 (v) The Co-Issuers will from time to time request DTC to
deliver to the Co-Issuers a list of all DTC participants holding an interest in the Restricted Global Note and provide such participants with an Important Section 3(c)(7) Notice. 
 (vi) The Co-Issuers will direct Euroclear to include the “144A/3(c)(7)” marker in the name for the Restricted Global Note
included in the Euroclear securities database in order to indicate that sales are limited to QIB/QPs. 
 (vii) The Co-Issuers
will direct Euroclear to cause each daily securities balance report and each daily securities transaction report delivered to Euroclear participants to contain the indicator “144A/3(c)(7)” in the name for the Restricted Global Note.

  

 47 

 (viii) The Co-Issuers will direct Euroclear to include a description of the
Section 3(c)(7) restrictions for the Restricted Global Note in its New Issues Acceptance Guide. 
 (ix) The Co-Issuers
will instruct Euroclear to send an Important Section 3(c)(7) Notice to all Euroclear participants holding positions in the Restricted Global Note at least once every calendar year, substantially in the form of Exhibit D hereto. 

(x) The Co-Issuers will from time to time request Euroclear to deliver to the Co-Issuers a list of all Euroclear participants holding
an interest in the Restricted Global Note and provide such participants with notification substantially in the form of Exhibit D hereto. 
 (xi) The Co-Issuers will direct Clearstream to include the “144A/3(c)(7)” marker in the name for the Restricted Global Note included in the Clearstream securities database in order to indicate that sales are
limited to QIB/QPs. 
 (xii) The Co-Issuers will direct Clearstream to cause each daily portfolio report and each daily
settlement report delivered to Clearstream participants to contain the indicator “144A/3(c)(7)” in the name for the Restricted Global Note. 
 (xiii) The Co-Issuers will direct Clearstream to include a description of the Section 3(c)(7) restrictions in its Customer Handbook. 
 (xiv) The Co-Issuers will instruct Clearstream to send an Important Section 3(c)(7) Notice to all Clearstream participants holding
positions in the Restricted Global Note at least once every calendar year, substantially in the form of Exhibit D hereto. 
 (xv) The Co-Issuers will from time to time request Clearstream to deliver to the Co-Issuers a list of all Clearstream participants holding an interest in any series of Restricted Global Note and provide such participants with notification
substantially in the form of Exhibit D hereto. 
 (xvi) The Co-Issuers will request Clearstream to include a
“3(c)(7)” marker in the name for the Restricted Global Note included in the list of securities accepted in the Clearstream securities’ database made available to Clearstream participants. 
  

 48 

 (c) The Co-Issuers shall request third-party vendors which provide information on the Series 2007-1 Notes
to include on screens maintained by such vendors appropriate legends regarding Rule 144A and Section 3(c)(7) restrictions. Without limiting the foregoing: 
 (i) the Co-Issuers will request Bloomberg, L.P. to include the following on each Bloomberg screen containing information about the Series
2007-1 Notes: 
  

	 	(A)	The “Note Box” on the bottom of the “Security Display” page describing the Series 2007-1 Notes should state: “Iss’d Under 144A/3c7.”

  

	 	(B)	The “Security Display” page should have a flashing red indicator stating “See Other Available Information.” 

  

	 	(C)	Such indicator should link to an “Additional Security Information” page, which should state that the Series 2007-1 Notes “are being offered in reliance on the
exemption from registration under Rule 144A to Persons that are both (i) qualified institutional buyers (as defined in Rule 144A under the Securities Act) and (ii) qualified purchasers (as defined under Section 2(a)(51) under the
Investment Company Act of 1940).” 

 (ii) the Co-Issuers will request Reuters Group plc to input the
following information in its system with respect to the Series 2007-1 Notes: 
  

	 	(A)	The security name field at the top of the Reuters Instrument Code screen should include a “144A-3c7” notation. 

  

	 	(B)	A <144A3c7Disclaimr> indicator should appear on the right side of the Reuters Instrument Code screen. 

  

	 	(C)	Such indicator should link to a disclaimer screen on which the following language will appear: “These securities may be sold or transferred only to persons who are both
(i) qualified institutional buyers (as defined in Rule 144A under the Securities Act), and (ii) qualified purchasers (as defined under Section 2(a)(51) under the U.S. Investment Company Act of 1940).” 

  

 49 

 (d) The Co-Issuers shall cause the “CUSIP” number obtained for the Series 2007-1 Notes to have
an attached “fixed field” that contains “3c7” and “144A” indicators. 
 Section 4.8 Note Owner
Representations and Warranties. Each Person who becomes a Note Owner of a beneficial interest in a Series 2007-1 Note pursuant to the Offering Memorandum will be deemed to represent, warrant and agree on the date such Person acquires any
interest in any Series 2007-1 Note as follows: 
 (a) With respect to any sale of Series 2007-1 Notes pursuant to Rule 144A, it is a QIB/QP
pursuant to Rule 144A and Section 2(a)(51) of the Investment Company Act, and is aware that any sale of Series 2007-1 Notes to it will be made in reliance on Rule 144A. Its acquisition of Series 2007-1 Notes in any such sale will be for its own
account or for the account of another QIB/QP. 
 (b) With respect to any sale of Series 2007-1 Notes pursuant to Regulation S, at the time
the buy order for such Series 2007-1 Notes was originated, it was outside the United States to a Person who is a QP and neither a U.S. Person nor a U.S. Resident, and was not purchasing for the account or benefit of a U.S. Person or a U.S. Resident.

 (c) It understands that (i) the Series 2007-1 Notes are being offered in a transaction not involving any public offering in the
United States within the meaning of the Securities Act, (ii) the Series 2007-1 Notes have not been registered under the Securities Act, (iii) such Series 2007-1 Notes may be offered, resold, pledged or otherwise transferred only
(A) to the Co-Issuers, (B) to a Person who the seller reasonably believes is a QIB/QP in a transaction meeting the requirements of Rule 144A and who is not a Competitor, (C) outside the United States to a Person who is a QP and
neither a U.S. Person nor a U.S. Resident in a transaction meeting the requirements of Regulation S and who is not a Competitor or (D) in a transaction exempt from the registration requirements of the Securities Act and the applicable
securities laws of any state of the United States and any other jurisdiction to a Person who is a QP and not a Competitor, in each such case in accordance with the Indenture and any applicable securities laws of any state of the United States and
(iv) it will, and each subsequent holder of a Series 2007-1 Note is required to, notify any subsequent purchaser of a Series 2007-1 Note of the resale restrictions set forth in (iii) above. 
 (d) It understands that the certificates evidencing the Restricted Global Notes will bear legends substantially similar to those set forth in Sections
4.5(h) or 4.6(h) of this Series Supplement, as applicable. 
 (e) It understands that the certificates evidencing the Regulation S
Global Notes will bear legends substantially similar to those set forth in Sections 4.5(i) or 4.6(i) of this Series Supplement, as applicable. 
  

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 (f) It understands that the certificates evidencing the Unrestricted Global Notes will bear legends
substantially similar to those set forth in Sections 4.5(j) or 4.6(j) of this Series Supplement, as applicable. 
 (g) It is
(i) not acquiring or holding the Series 2007-1 Notes (or any interest therein) for or on behalf, or with the assets of any Plan, account or other arrangement that is subject to Section 4975 of the Code or provisions under any Similar Law,
or (ii) its purchase and holding of the Series 2007-1 Notes or any interest therein does not and will not constitute a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or a violation of any
Similar Law. 
 (h) It understands that any subsequent transfer of the Series 2007-1 Notes or any interest therein is subject to certain
restrictions and conditions set forth in the Indenture and it agrees to be bound by, and not to resell, pledge or otherwise transfer the Series 2007-1 Notes or any interest therein except in compliance with such restrictions and conditions and the
Securities Act. 
 (i) It is not a Competitor. 
 ARTICLE V 
 GENERAL 
 Section 5.1 Information. On or before each Accounting Date, the Co-Issuers shall furnish a Quarterly Noteholders’ Statement with respect to the Series 2007-1 Notes to the Trustee and each of the
Series 2007-1 Class A Insurers, substantially in the form of Exhibit D hereto, setting forth, inter alia, the following information with respect to the next Quarterly Payment Date: 
 (i) the total amount available to be distributed to Series 2007-1 Noteholders on such Quarterly Payment Date; 
 (ii) the amount of such distribution allocable to the payment of principal of each Class of the Series 2007-1 Notes; 
 (iii) the amount of such distribution allocable to the payment of interest on each Class of the Series 2007-1 Notes; 
 (iv) the amount of such distribution allocable to the payment of any Series 2007-1 Make-Whole Prepayment Premium, if any, on the Series
2007-1 Class A-2 Notes or Series 2007-1 Class M-1 Notes, as applicable; 
 (v) the amount of such distribution allocable
to the payment of any fees or other amounts due to the Series 2007-1 Class A-1 Noteholders; 
  

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 (vi) whether, to the knowledge of the Co-Issuers, any Potential Rapid Amortization Event,
Rapid Amortization Event, Default, Event of Default or Master Servicer Termination Event has occurred as of such Accounting Date; 
 (vii) the Debt Service Coverage Ratios for such Quarterly Payment Date; 
 (viii) the number of Open Domino’s
Stores as of the last day of the preceding Quarterly Collection Period; 
 (ix) the Series 2007-1 Available Senior Notes
Interest Reserve Account Amount and the Series 2007-1 Available Cash Trap Reserve Account Amount, if any, in each case, as of the close of business on the last Business Day of the preceding Quarterly Collection Period. 
 Any Series 2007-1 Noteholder may obtain copies of each Quarterly Noteholders’ Statement in accordance with the procedures set forth in
Section 4.4 of the Base Indenture. 
 Section 5.2 Exhibits. The annexes, exhibits and schedules attached hereto and
listed on the table of contents hereto supplement the annexes, exhibits and schedules included in the Base Indenture. 
 Section 5.3
Ratification of Base Indenture. As supplemented by this Series Supplement, the Base Indenture is in all respects ratified and confirmed and the Base Indenture as so supplemented by this Series Supplement shall be read, taken and construed as
one and the same instrument. 
 Section 5.4 Certain Notices to the Series 2007-1 Class A Insurers and Rating Agencies. The
Co-Issuers shall provide to each of the Series 2007-1 Class A Insurers and each Rating Agency a copy of each Opinion of Counsel and Officer’s Certificate delivered to the Trustee pursuant to this Series Supplement or any other Related
Document. Each such Opinion of Counsel to be delivered to the Trustee while any Series 2007-1 Class A Policy is in effect shall also be addressed to each of the Series 2007-1 Class A Insurers, shall be from counsel reasonably acceptable to
the Series 2007-1 Class A Lead Insurer and shall be in form and substance reasonably acceptable to such Series 2007-1 Class A Lead Insurer. 
 Section 5.5 Third-Party Beneficiary. Each of the Series 2007-1 Class A Insurers is an express third-party beneficiary of (i) the Base Indenture to the extent of provisions relating to such Series
2007-1 Class A Insurer (in any capacity) specifically, and to any Enhancement Provider and (ii) this Series Supplement (except to the extent that the provisions hereof provide rights for the benefit of the Series 2007-1 Class M-1 Notes).

  

 52 

 Section 5.6 Prior Notice by Trustee to Series 2007-1 Class A Lead Insurer. Subject to
Section 10.1 of the Base Indenture, except for any period during which an Insurer Default is continuing with respect to each Series 2007-1 Class A Insurer, the Trustee agrees that it shall not exercise any rights or remedies available to
it as a result of the occurrence of a Rapid Amortization Event or an Event of Default until after the Trustee has given prior written notice thereof to the Series 2007-1 Class A Lead Insurer and obtained the direction of the Series 2007-1
Class A Lead Insurer, so long as the Series 2007-1 Class A Lead Insurer is the Control Party and the Senior Notes are Outstanding. The Trustee agrees to notify the Series 2007-1 Class A Lead Insurer promptly following any exercise of
rights or remedies available to it as a result of the occurrence of a Rapid Amortization Event or Event of Default. 
 Section 5.7
Subrogation. In furtherance of and not in limitation of any Series 2007-1 Class A Insurer’s equitable rights of subrogation, each of the Trustee, the Co-Issuers and, by its acceptance of Series 2007-1 Senior Notes, each Series
2007-1 Senior Noteholder acknowledges that, to the extent of any payment made by such Series 2007-1 Class A Insurer under its Series 2007-1 Class A Policy with respect to interest or letter of credit fees on or principal of the Series
2007-1 Senior Notes, such Series 2007-1 Class A Insurer is to be fully subrogated to the extent of such payment and any additional interest due on any late payment to the rights of the Series 2007-1 Senior Noteholders under the Indenture and
the Series 2007-1 Class A-1 Note Purchase Agreement. Each of the Co-Issuers, the Trustee and the Series 2007-1 Senior Noteholders agrees to such subrogation and, further, agree to take such actions as any Series 2007-1 Class A Insurer may
reasonably request to evidence such subrogation. 
 Section 5.8 Counterparts. This Series Supplement may be executed in any
number of counterparts, each of which so executed shall be deemed to be an original, but all of such counterparts shall together constitute but one and the same instrument. 
 Section 5.9 Governing Law. THIS SERIES SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK. 
 Section 5.10 Amendments. This Series Supplement may not be modified or amended except in accordance with the terms of the Base Indenture. 
 Section 5.11 Termination of Series Supplement. This Series Supplement shall cease to be of further effect when (i) all Outstanding
Series 2007-1 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series 2007-1 Notes which have been replaced or paid) to the Trustee for cancellation and all Letters of Credit have expired or been
cash collateralized in full pursuant to the terms of the Series 2007-1 Class A-1 Note Purchase Agreement, (ii) all fees and expenses and other amounts under the Series 2007-1 Class A-1 Note Purchase Agreement have been paid in full
and all Series 2007-1 Class A-1 Commitments have 
  

 53 

 been terminated, (iii) the Co-Issuers have paid all sums payable hereunder and (iv) each of the Series 2007-1
Class A Insurers have been paid all Series 2007-1 Insurer Premiums, all Series 2007-1 Insurer Expenses and all Series 2007-1 Insurer Reimbursements due to it under the Indenture or the Series 2007-1 Class A Insurance Agreement. 

Section 5.12 Discharge of Indenture. Notwithstanding anything to the contrary contained in the Base Indenture and without limiting any
rights of either of the Series 2007-1 Class A Insurers, so long as this Series Supplement shall be in effect in accordance with Section 5.11 of this Series Supplement, no discharge of the Indenture or the Global G&C Agreement
pursuant to Section 11.1 of the Base Indenture shall be effective as to the Series 2007-1 Notes without the written consent of the Series 2007-1 Noteholders holding more than 50% of the sum of (i) the Series 2007-1 Outstanding
Principal Amount and (ii) the portion, if any, of the Series 2007-1 Class A-1 Commitments that has not been drawn to make Series 2007-1 Class A-1 Advances (excluding any Series 2007-1 Outstanding Principal Amount or Series 2007-1 Class A-1
Commitments or Notes held by any Securitization Entity or any Affiliate of any Securitization Entity). 
 Section 5.13 Effect of
Payment by the Series 2007-1 Class A-1 Insurers. 
 (a) Anything in this Series Supplement to the contrary notwithstanding, any
payments of principal of or interest or letter of credit fees on the Series 2007-1 Senior Notes that is made with moneys received pursuant to the terms of any Series 2007-1 Class A Policy shall not be considered payment of the Series 2007-1
Senior Notes by the Co-Issuers. The Trustee acknowledges that, without the need for any further action on the part of any Series 2007-1 Class A Insurer, (i) to the extent any Series 2007-1 Class A Insurer makes payments, directly or
indirectly, on account of principal of, or interest or letter of credit fees on, the Series 2007-1 Senior Notes to the Trustee for the benefit of the Series 2007-1 Senior Noteholders or to the Series 2007-1 Senior Noteholders (including any
Preference Amounts), such Series 2007-1 Class A Insurer will be fully subrogated to the rights of such Series 2007-1 Senior Noteholders to receive such principal and interest and such other amounts and will be deemed to the extent of the
payments so made to be a Series 2007-1 Senior Noteholder and (ii) such Series 2007-1 Class A Insurer shall be paid principal and interest and/or letter of credit fees in its capacity as a Series 2007-1 Senior Noteholder until all such
payments by such Series 2007-1 Class A Insurer have been fully reimbursed, but only from the sources and in the manner provided in the Indenture for payment of such principal and interest and such other amounts. The foregoing is without
prejudice to the separate and independent rights of such Series 2007-1 Class A Insurer to be reimbursed, without duplication, for payments made under its Series 2007-1 Class A Policy pursuant to the Series 2007-1 Class A Insurance
Agreement. 
 (b) Each Series 2007-1 Noteholder agrees (i) that with respect to the payment of any Preference Amount by any Series
2007-1 Class A Insurer to the Trustee, on behalf of the Series 2007-1 Noteholders, under such Series 2007-1 Class A Insurer’s Series 2007-1 Class A Policy to assign irrevocably to such Series 2007-1 Class A Insurer all of
its rights and claims relating to or arising under the Insured Obligations against the 
  

 54 

 debtor which made or benefited from the related preference payment or otherwise with respect to the related preference
payment and (ii) to appoint such Series 2007-1 Class A Insurer as its agent in any legal proceeding related to such preference payment. In addition, each Series 2007-1 Noteholder hereby grants to each Series 2007-1 Class A Insurer an
absolute power of attorney to execute all appropriate instruments related to any items required to be delivered in connection with any preference payment referred to in this Section 5.13(b). 
 Section 5.14 Claims on Series 2007-1 Class A Policies. In the event that the Trustee shall make a claim on the Series 2007-1
Class A Policies pursuant to Section 9.3(b) of the Base Indenture, the Trustee shall instruct (i) MBIA to pay 75% of the amount of such claim pursuant to its Series 2007-1 Class A Policy and (ii) Ambac to pay 25% of the
amount of such claim pursuant to its Series 2007-1 Class A Policy, in each case in accordance with the terms thereof. 
 Section 5.15 Fiscal Year End. The Co-Issuers shall not change their fiscal year end from the Sunday on or nearest to December 31 to any other date. 
 [Signature Pages Follow] 
  

 55 

 IN WITNESS WHEREOF, each of the Co-Issuers and the Trustee have caused this Series Supplement to be duly
executed by its respective duly authorized officer as of the day and year first written above. 
  

			
	 DOMINO’S MASTER ISSUER LLC,
     as Co-Issuer

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 DOMINO’S PIZZA DISTRIBUTION LLC, as
     Co-Issuer

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 DOMINO’S IP HOLDER LLC, as
     Co-Issuer

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 DOMINO’S SPV CANADIAN HOLDING
     COMPANY INC., as Co-Issuer

		
	By:	 	  

	Name:	 	
	Title:	 	

  

 56 

			
	 CITIBANK, N.A., in its capacity as Trustee
     and as Securities Intermediary

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [Signature Page to the Supplement to the Base Indenture] 

 ANNEX A 
 SERIES 2007-1 
 SUPPLEMENTAL DEFINITIONS LIST 
 “Acquiring Committed Note Purchaser” has the meaning set forth in Section 9.17(a) of the Series 2007-1 Class A-1 Note
Purchase Agreement. 
 “Acquiring Investor Group” has the meaning set forth in Section 9.17(c) of the Series
2007-1 Class A-1 Note Purchase Agreement. 
 “Administrative Agent” has the meaning set forth in the preamble to the
Series 2007-1 Class A-1 Note Purchase Agreement. For purposes of the Indenture, the “Administrative Agent” shall be deemed to be a “Class A-1 Administrative Agent.” 
 “Administrative Agent Fees” has the meaning set forth in the Series 2007-1 Class A-1 VFN Fee Letter. 
 “Advance” has the meaning set forth in the recitals to the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Advance Request” has the meaning set forth in Section 7.03(d) of the Series 2007-1 Class A-1 Note Purchase Agreement.

 “Affected Person” has the meaning set forth in Section 3.05 of the Series 2007-1 Class A-1 Note Purchase
Agreement. 
 “Aggregate Unpaids” has the meaning set forth in Section 5.01 of the Series 2007-1 Class A-1
Note Purchase Agreement. 
 “Applicable Procedures” has the meaning set forth in Section 4.2 of the Series
2007-1 Supplement. 
 “Applicable Residual Amount” means, with respect to any Weekly Allocation Date, an amount equal to the
amount, if any, by which the amount on deposit in the Collection Account on such Weekly Allocation Date exceeds the sum of the amounts to be paid and/or allocated on such Weekly Allocation Date pursuant to clauses (i) through
(xxiv) of the Priority of Payments. 
 “Application” means an application, in such form as the applicable L/C
Issuing Bank may specify from time to time, requesting such L/C Issuing Bank to open a Letter of Credit. 
 “Assignment and
Assumption Agreement” has the meaning set forth in Section 9.17(a) of the Series 2007-1 Class A-1 Note Purchase Agreement. 
  

 “Base Rate” means, on any day, a rate per annum equal to the greater of (a) the
Prime Rate in effect on such day and (b) the Federal Funds Rate in effect on such day. Any change in the Base Rate due to a change in the Prime Rate or the Federal Funds Rate shall be effective as of the opening of business on the effective day
of such change in the Prime Rate or the Federal Funds Rate, respectively. Changes in any rate of interest calculated by reference to the Base Rate will take effect simultaneously with each change in the Base Rate. 
 “Base Rate Advance” means an Advance (including, without limitation, a Seasoned Base Rate Advance) which bears interest at a rate of
interest determined by reference to the Base Rate during such time as it bears interest at such rate, as provided in the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Base Rate Tranche” means any portion of the Series 2007-1 Class A-1 Outstanding Principal Amount funded or maintained with Base
Rate Advances. 
 “Borrowing” has the meaning set forth in Section 2.02(c) of the Series 2007-1 Class A-1
Note Purchase Agreement. 
 “Breakage Amount” has the meaning set forth in Section 3.06 of the Series 2007-1
Class A-1 Note Purchase Agreement. 
 “Cede” has the meaning set forth in Section 4.2(a) of the Series
2007-1 Supplement. 
 “Change in Law” means (a) any law, rule or regulation or any change therein or in the
interpretation or application thereof (whether or not having the force of law), in each case, adopted, issued or occurring after the Series 2007-1 Closing Date or (b) any request, guideline or directive (whether or not having the force of law)
from any government or political subdivision or agency, authority, bureau, central bank, commission, department or instrumentality thereof, or any court, tribunal, grand jury or arbitrator, or any accounting board or authority (whether or not a
Governmental Authority) which is responsible for the establishment or interpretation of national or international accounting principles, in each case, whether foreign or domestic (each, an “Official Body”) charged with the
administration, interpretation or application thereof, or the compliance with any request or directive of any Official Body (whether or not having the force of law) made, issued or occurring after the Series 2007-1 Closing Date. 
 “Change in Management” means with respect to any change in majority ownership of Holdco, Intermediate Holdco, DPL or the SPV Guarantor
if either (i) more than 50% of DPL’s Leadership Team is terminated and/or resigns within 24 months of such change in majority ownership or (ii) the chief executive officer and the chief financial officer of DPL are terminated and/or
resign within 24 months of such change in majority ownership; provided, in each case, that termination of such officer shall not include a change in such officer’s status in the ordinary course of succession so long as such officer
continues to be a member of DPL’s Leadership Team and continues to be associated with Holdco, Intermediate Holdco or DPL or their subsidiaries as an officer or director, or in a similar capacity. 
  

 2 

 “Change of Control” means an event or series of events by which any “person”
or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended, but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity
as trustee, agent or other fiduciary or administrator of any such plan; provided that such person does not have the right to direct the voting of securities included in such employee benefit plan) acquires ownership or control, either
directly or indirectly, of more than 50% of the Equity Interests of the Master Issuer or an amount of Equity Interests of the Master Issuer that entitles such “person” or “group” to exercise more than 50% of the voting power in
the Equity Interests of the Master Issuer (including by reason of a change in the ownership of the Equity Interests in, or voting power of, Holdco, Intermediate Holdco, DPL or the SPV Guarantor), other than (a) through purchases of securities
on a public securities exchange that does not result in a Change in Management, (b) an acquisition by a party or group affiliated with the party or group that, as of the Series 2007-1 Closing Date, holds indirectly the greatest percentage of
Equity Interests in, or voting power of, the Master Issuer, that does not result in a Change in Management or (c) an acquisition by a party or group that does not result in a Change in Management and as to which the Control Party has provided
its prior written consent. 
 “Class A-1 Amendment Expenses” means all amounts payable pursuant to clause
(a)(ii) of Section 9.05 of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Class A-1
Indemnities” means all amounts payable pursuant to Sections 9.05(b) and (c) of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Class A-1 Insurer Premiums Adjustment Amount” means, for any Interest Period, the result (whether a positive or negative number) of (a) the aggregate of the Daily Class A-1 Insurer Premiums
Amounts for each day in such Interest Period minus (b) the aggregate of the Estimated Daily Class A-1 Insurer Premiums Amounts for each day in such Interest Period. 
 “Class A-1 Taxes” has the meaning set forth in Section 3.08 of the Series 2007-1 Class A-1 Note Purchase
Agreement. 
 “Commercial Paper” means, with respect to any Conduit Investor, the promissory notes issued in the commercial
paper market by or for the benefit of such Conduit Investor. 
 “Commitments” means the obligation of each Committed Note
Purchaser included in each Investor Group to fund Advances pursuant to Section 2.02(a) of the Series 2007-1 Class A-1 Note Purchase Agreement and to participate in Swingline Loans and Letters of Credit pursuant to
Sections 2.06 and 2.08 of the Series 2007-1 Class A-1 Note Purchase Agreement in an aggregate stated amount up to its Commitment Amount. 
  

 3 

 “Commitment Amount” means, as to each Committed Note Purchaser, the amount set forth on
Schedule I to the Series 2007-1 Class A-1 Note Purchase Agreement opposite such Committed Note Purchaser’s name as its Commitment Amount or, in the case of a Committed Note Purchaser that becomes a party to the Series 2007-1
Class A-1 Note Purchase Agreement pursuant to an Assignment and Assumption Agreement or Investor Group Supplement, the amount set forth therein as such Committed Note Purchaser’s Commitment Amount, in each case, as such amount may be
(i) reduced pursuant to Section 2.05 of the Series 2007-1 Class A-1 Note Purchase Agreement or (ii) increased or reduced by any Assignment and Assumption Agreement or Investor Group Supplement entered into by such
Committed Note Purchaser in accordance with the terms of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Commitment Fee
Adjustment Amount” means, for any Interest Period, the result (whether a positive or negative number) of (a) the aggregate of the Daily Commitment Fee Amounts for each day in such Interest Period minus (b) the aggregate of
the Estimated Daily Commitment Fee Amounts for each day in such Interest Period. For purposes of the Indenture, the “Commitment Fee Adjustment Amount” shall be deemed to be “Class A-1 Senior Notes Commitment Fee Adjustment
Amount.” 
 “Commitment Percentage” means, on any date of determination, with respect to any Investor Group, the ratio,
expressed as a percentage, which such Investor Group’s Maximum Investor Group Principal Amount bears to the Series 2007-1 Class A-1 Maximum Principal Amount on such date. 
 “Commitment Term” means the period from and including the Series 2007-1 Closing Date to but excluding the earlier of (a) the
Commitment Termination Date and (b) the date on which the Commitments are terminated or reduced to zero in accordance with the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Commitment Termination Date” means the Series 2007-1 Adjusted Repayment Date. 
 “Committed Note Purchaser” has the meaning set forth in the preamble to the Series 2007-1 Class A-1 Note Purchase Agreement.

 “Committed Note Purchaser Percentage” means, on any date of determination, with respect to any Committed Note Purchaser
in any Investor Group, the ratio, expressed as a percentage, which the Commitment Amount of such Committed Note Purchaser bears to such Investor Group’s Maximum Investor Group Principal Amount on such date. 
 “Conduit Assignee” means, with respect to any Conduit Investor, any commercial paper conduit, whose Commercial Paper is rated by at
least two of the Specified Rating Agencies and is rated at least “A-1” from Standard & Poor’s, “P1” from Moody’s and/or “F1” from Fitch, as applicable, that is administered by the Funding Agent with
respect to such Conduit Investor or any Affiliate of such Funding Agent, in each case, designated by such Funding Agent to accept an assignment from such Conduit 
  

 4 

 Investor of the Investor Group Principal Amount or a portion thereof with respect to such Conduit Investor pursuant to
Section 9.17(b) of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Conduit Investors” has the
meaning set forth in the preamble to the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Confidential Information”
for purposes of the Series 2007-1 Class A-1 Note Purchase Agreement, has the meaning set forth in Section 9.11 of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “CP Advance” means an Advance that bears interest at a rate of interest determined by reference to the CP Rate during such time as it
bears interest at such rate, as provided in the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “CP Funding Rate”
means, with respect to each Conduit Investor, for any day during any Interest Period, for any portion of the Advances funded or maintained through the issuance of Commercial Paper by such Conduit Investor, the per annum rate equivalent to the
weighted average cost (as determined by the related Funding Agent, and which shall include (without duplication) the fees and commissions of placement agents and dealers, incremental carrying costs incurred with respect to Commercial Paper maturing
on dates other than those on which corresponding funds are received by such Conduit Investor, other borrowings by such Conduit Investor and any other costs associated with the issuance of Commercial Paper) of or related to the issuance of Commercial
Paper that are allocated, in whole or in part, by such Conduit Investor or its related Funding Agent to fund or maintain such Advances for such Interest Period (and which may also be allocated in part to the funding of other assets of the Conduit
Investor); provided, however, that if any component of any such rate is a discount rate, in calculating the “CP Funding Rate” for such Advances for such Interest Period, the related Funding Agent shall for such
component use the rate resulting from converting such discount rate to an interest bearing equivalent rate per annum; provided further, however, that “CP Funding Rate” shall not include any loss or expense (including
any loss or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Conduit Investor to fund or maintain any portion of such Advances) as a result of any conversion, repayment, Voluntary or Mandatory
Decrease or other prepayment or redemption of the principal amount of any CP Advance on the date applicable thereto in accordance with the terms of the Series 2007-1 Class A-1 Note Purchase Agreement and the Indenture, but shall include any
such loss or expense as a result of (i) any conversion, repayment, Voluntary or Mandatory Decrease or other prepayment or redemption of the principal amount of any CP Advance on a date other than the date applicable thereto in accordance with
the terms of the Series 2007-1 Class A-1 Note Purchase Agreement or the Indenture, (ii) any Advance not being funded or maintained as a CP Advance after a request therefor has been made, or (iii) any failure of the Co-Issuers to make
a Decrease, prepayment or redemption with respect to any CP Advance after giving notice thereof. 
  

 5 

 “CP Rate” means, on any day during any Interest Period, an interest rate per annum equal
to the sum of (i) the CP Funding Rate for such Interest Period plus (ii) 0.50%. 
 “CP Tranche” means any portion
of the Series 2007-1 Class A-1 Outstanding Principal Amount funded or maintained with CP Advances. 
 “Daily Class A-1
Insurer Premiums Amount” for any day during any Interest Period, the sum of (a) the product of (i) the Used Premium Rate, multiplied by (ii) the daily average Series 2007-1 Class A-1 Outstanding Principal Amount
during the immediately preceding Interest Period, plus (b) the product of (i) the Unused Premium Rate, multiplied by (ii) the daily average excess of the Series 2007-1 Class A-1 Maximum Principal Amount over the
Series 2007-1 Class A-1 Outstanding Principal Amount during the immediately preceding Interest Period. 
 “Daily Commitment Fee
Amount” means, for any day during any Interest Period, the Undrawn Commitment Fees that accrue for such day. 
 “Daily
Extension Contingent Additional Interest Amount” means, for any day during any Interest Period occurring during any Series 2007-1 Extension Period, the sum of (a) the result of (i) the product of (x) the Series 2007-1
Class A-1 Extension Contingent Additional Rate multiplied by (y) the Series 2007-1 Class A-1 Outstanding Principal Amount (excluding any Base Rate Advances and Undrawn L/C Face Amounts included therein) as of the close of
business on such day divided by (ii) 360 and (b) the result of (i) the product of (x) the Series 2007-1 Class A-1 Extension Contingent Additional Rate and (y) any Base Rate Advances included in the Series 2007-1
Class A-1 Outstanding Principal Amount as of the close of business on such day divided by (ii) 365 or 366, as applicable. 
 “Daily Extension Contingent Additional L/C Fees Amount” means, for any day during any Interest Period occurring during any Series 2007-1 Extension Period, the result of (a) the product of (i) the Series 2007-1
Class A-1 Extension Contingent Additional Rate multiplied by (ii) any Undrawn L/C Face Amounts as of the close of business on such day divided by (b) 360. 
 “Daily Insured Interest Amount” means, for any day during any Interest Period, the sum of the following amounts: 
 (a) with respect to any Eurodollar Advance outstanding on such day, the result of (i) the product of (x) the Eurodollar Rate in effect for such
Interest Period and (y) the principal amount of such Advance outstanding as of the close of business on such day divided by (ii) 360; plus 
 (b) with respect to any Base Rate Advance that is not a Seasoned Base Rate Advance outstanding on such day, the result of (i) the product of (x) the Base Rate in effect for such day and (y) the
principal amount of such Advance outstanding as of the close of business on such day divided by (ii) 365 or 366, as applicable; plus 
  

 6 

 (c) with respect to any Seasoned Base Rate Advance outstanding on such day, the result of (i) the
product of (x) the lesser of (A) the Base Rate in effect for such day and (B) the Eurodollar Rate that would be in effect for such Interest Period if such Seasoned Base Rate Advance were a Eurodollar Advance and (y) the principal
amount of such Seasoned Base Rate Advance outstanding as of the close of business on such day divided by (ii) if the lesser of (A) and (B) above is (A), 365 or 366, as applicable, and if the lesser of
(A) and (B) above is (B), 360; plus 
 (d) with respect to any CP Advance outstanding on such day, the
result of (i) the product of (x) the lesser of (A) the CP Rate in effect for such Interest Period and (B) the Eurodollar Rate that would be in effect for such Interest Period if such Advance were a Eurodollar Advance and
(y) the principal amount of such Advance outstanding as of the close of business on such day divided by (ii) 360; plus 
 (e) with respect to any Swingline Loans or Unreimbursed L/C Drawings outstanding on such day, the result of (i) the product of (x) the Base Rate in effect for such day and (y) the principal amount of such Class A-1
Swingline Loans and Unreimbursed L/C Drawings outstanding as of the close of business on such day divided by (ii) 365 or 366, as applicable (provided that for the purposes of this definition of “Daily Insured Interest Amount”
and the definition of “Daily Uninsured Interest Amount,” as well as any use of either definition in any of the Related Documents, any Swingline Loan or Unreimbursed L/C Drawing that has been outstanding for more than two Business Days
shall, for each day any such Swingline Loan or Unreimbursed L/C Drawing is outstanding after such two Business Day period, be deemed to be a “Seasoned Base Rate Advance” and shall be governed by clause (c) above and by
clause (b) of the definition of “Daily Uninsured Interest Amount” and not this clause (e)); plus 
 (f)
with respect to any Undrawn L/C Face Amounts outstanding on such day, the L/C Quarterly Insured Fees and L/C Fronting Fees that accrue thereon for such day. 
 “Daily Post-ARD Contingent Additional Interest Amount” means, for any day during any Interest Period commencing on or after the Series 2007-1 Adjusted Repayment Date, the sum of (a) the result of
(i) the product of (x) the Series 2007-1 Class A-1 Post-ARD Quarterly Contingent Additional Rate and (y) the Series 2007-1 Class A-1 Outstanding Principal Amount (excluding any Base Rate Advances and Undrawn L/C Face Amounts
included therein) as of the close of business on such day divided by (ii) 360 and (b) the result of (i) the product of (x) the Series 2007-1 Class A-1 Post-ARD Quarterly Contingent Additional Rate and (y) any Base Rate
Advances included in the Series 2007-1 Class A-1 Outstanding Principal Amount as of the close of business on such day divided by (ii) 365 or 366, as applicable. 
 “Daily Uninsured Interest Amount” means, (a) for any CP Advance outstanding on any day during any Interest Period, the excess, if any, of (i) the result of (x) the product of
(A) the CP Rate in effect for such Advance for such Interest Period and (B) the principal amount of such Advance outstanding as of the close of business on such day divided by (y) 360, over (ii) the portion of the Daily Insured
Interest Amount for 
  

 7 

 such day that is attributable to such Advance and (b) for any Seasoned Base Rate Advance outstanding on any day
during any Interest Period, the excess if any, of (i) the result of the product of (A) the Base Rate in effect for such Advance for such day and (B) the principal amount of such Advance outstanding as of the close of business on such
day, divided by (y) 365 or 366, as applicable, over (ii) the portion of the Daily Insured Interest Amount for such day that is attributable to such Advance. 
 “Decrease” means a Mandatory Decrease or a Voluntary Decrease, as applicable. 
 “Deficiency Amount” has, with respect to any Series 2007-1 Class A Insurer, the meaning set forth in such Series 2007-1 Class A Insurer’s Series 2007-1 Class A Policy. 
 “Definitive Notes” has the meaning set forth in Section 4.2(c) or 4.3(c) of the Series 2007-1 Supplement. 

“Dollar Equivalent Amount” means, with respect to any draft presented under any Permitted Foreign Currency Letter of Credit, the
amount thereof converted to Dollars at the rate at which the currency in which such Letter of Credit is denominated may be exchanged into Dollars, as set forth at approximately 11:00 a.m. (London time) on the Dollar Equivalent Calculation Date for
such draft on the Reuters World Currency Page for such currency, as determined by the applicable L/C Issuing Bank; in the event that such rate does not appear on any Reuters World Currency Page, such rate shall instead be the arithmetic average of
the spot rates of exchange of such L/C Issuing Bank in the market where its foreign currency exchange operations in respect of such currency are then being conducted, at or about 10:00 a.m. (New York City time) on such Dollar Equivalent
Calculation Date for the purchase of Dollars for delivery two Business Days later. 
 “Dollar Equivalent Calculation Date”
means, with respect to any draft presented under any Permitted Foreign Currency Letter of Credit, the date on which such draft is paid by the applicable L/C Issuing Bank. 
 “DTC” means The Depository Trust Company, and any successor thereto. 
 “EDSF
Rate” means, when used with respect to any Business Day, the rate derived from the Eurodollar Synthetic Forward Curve appearing on Bloomberg (or any successor service or, if such service or successor service is not available, a substitute
rate, which will be the median of three quoted rates determined by the Trustee requesting at the expense of the Co-Issuers substitute rate quotes from three broker dealers of nationally recognized standing), adjusted for 30/360 day count convention
expressed as a number of basis points per annum. 
 “Eligible Conduit Investor” means, at any time, any Conduit Investor
whose Commercial Paper at such time is rated by at least two of the Specified Rating Agencies and is rated at least “A-1” from Standard & Poor’s, “P1” from Moody’s and/or “F1” from Fitch, as
applicable. 
  

 8 

 “Estimated Daily Class A-1 Insurer Premiums Amount” means (a) for any day
during the first Interest Period, $1,332 and (b) for any day during any other Interest Period, the average of the Daily Class A-1 Insurer Premiums Amounts for each day during the immediately preceding Interest Period. 
 “Estimated Daily Commitment Fee Amount” means (a) for any day during the first Interest Period, $697 and (b) for any day
during any other Interest Period, the average of the Daily Commitment Fee Amounts for each day during the immediately preceding Interest Period. 
 “Estimated Daily Extension Contingent Additional Interest Amount” means, for any day during any Interest Period occurring during any Series 2007-1 Extension Period, the average of the Daily Extension Contingent Additional
Interest Amounts for each day during the immediately preceding Interest Period (calculated on the assumption, to the extent necessary, that such immediately preceding Interest Period was in an Extension Period). 
 “Estimated Daily Extension Contingent Additional L/C Fees Amount” means, for any day during any Interest Period occurring during any
Series 2007-1 Extension Period, the average of the Daily Extension Contingent Additional L/C Fees Amounts for each day during the immediately preceding Interest Period (calculated on the assumption, to the extent necessary, that such immediately
preceding Interest Period was in an Extension Period). 
 “Estimated Daily Insured Interest Amount” means (a) for any
day during the first Interest Period, $912 and (b) for any day during any other Interest Period, the average of the Daily Insured Interest Amounts for each day during the immediately preceding Interest Period. 
 “Eurodollar Advance” means an Advance that bears interest at a rate of interest determined by reference to the Eurodollar Rate during
such time as it bears interest at such rate, as provided in the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Eurodollar
Funding Rate” means, for any Eurodollar Interest Period, the rate per annum determined by the Administrative Agent at approximately 11:00 a.m. (London time) on the date that is two Eurodollar Business Days prior to the beginning of such
Eurodollar Interest Period by reference to the British Bankers’ Association Interest Settlement Rates for deposits in Dollars (appearing on page 3750 of the Telerate Service or any successor to or substitute for such service selected by the
Administrative Agent and which has been nominated by the British Bankers’ Association as an authorized information vendor for the purpose of displaying such rates) for a period equal to such Eurodollar Interest Period; provided that, to
the extent that an interest rate is not ascertainable pursuant to the foregoing provisions of this definition, the “Eurodollar 
  

 9 

 Funding Rate” shall be the rate (rounded upward, if necessary, to the nearest one hundred-thousandth of a percentage
point), determined by the Administrative Agent to be the average of the offered rates for deposits in Dollars in the amount of $1,000,000 for a period of time comparable to such Eurodollar Interest Period which are offered by three leading banks in
the London interbank market at approximately 11:00 a.m. (London time) on the date that is two Eurodollar Business Days prior to the beginning of such Eurodollar Interest Period as selected by the Administrative Agent (unless the Administrative Agent
is unable to obtain such rates from such banks, it will be deemed that a Eurodollar Funding Rate cannot be ascertained for purposes of Section 3.04 of the Series 2007-1 Class A-1 Note Purchase Agreement). In respect of any
Eurodollar Interest Period that is less than one month in duration and if no Eurodollar Funding Rate is otherwise determinable with respect thereto in accordance with the preceding sentence of this definition, the Eurodollar Funding Rate shall be
determined through the use of straight-line interpolation by reference to two rates calculated in accordance with the preceding sentence, one of which shall be determined as if the maturity of the Dollar deposits referred to therein were the period
of time for which rates are available next shorter than the Eurodollar Interest Period and the other of which shall be determined as if such maturity were the period of time for which rates are available next longer than the Eurodollar Interest
Period. 
 “Eurodollar Funding Rate (Reserve Adjusted)” means, for any Eurodollar Interest Period, an interest rate per
annum (rounded upward to the nearest 1/100th of 1%) determined pursuant to the following formula: 
  

					
	Eurodollar Funding Rate	 	=	  	 Eurodollar Funding Rate

	(Reserve Adjusted)	 		  	1.00 – Eurodollar Reserve Percentage

 The Eurodollar Funding Rate (Reserve Adjusted) for any Eurodollar Interest Period will be
determined by the Administrative Agent on the basis of the Eurodollar Reserve Percentage in effect two Eurodollar Business Days before the first day of such Eurodollar Interest Period. 
 “Eurodollar Business Day” means any Business Day on which dealings are also carried on in the London interbank market and banks are open
for business in London. 
 “Eurodollar Interest Period” means, (a) with respect to any Eurodollar Advance,
(x) initially, the period commencing on and including the Eurodollar Business Day such Advance first becomes a Eurodollar Advance in accordance with Section 3.01 of the Series 2007-1 Class A-1 Note Purchase Agreement and ending
on but excluding the second Business Day before the next Accounting Date and (y) each period commencing on the second Business Day before each Accounting Date while such Advance is outstanding as a Eurodollar Advance and ending on but excluding
the second Business Day before the next succeeding Accounting Date; provided, however, that 
  

 10 

	 	(i)	no Eurodollar Interest Period may end subsequent to the second Business Day before the Accounting Date occurring immediately prior to the then-current Series 2007-1 Adjusted
Repayment Date; and 

  

	 	(ii)	upon the occurrence and during the continuation of any Rapid Amortization Period or any Event of Default, any Eurodollar Interest Period with respect to the Eurodollar Advances of
all Investor Groups may be terminated at the end of the then-current Eurodollar Interest Period (or, if the Class A-1 Notes have been accelerated in accordance with Section 9.2 of the Base Indenture, immediately), at the election of
the Administrative Agent or Investor Groups holding in the aggregate more than 50% of the Eurodollar Tranche, by notice to the Co-Issuers, the Master Servicer, the Series 2007-1 Class A Lead Insurer and the Funding Agents, and upon such
election the Eurodollar Advances in respect of which interest was calculated by reference to such terminated Eurodollar Interest Period shall be converted to Base Rate Advances; and 

 (b) for purposes of the definition of Interest Reserve Calculation Rate, each Reference Eurodollar Interest Period. 
 “Eurodollar Rate” means, on any day during any Eurodollar Interest Period, an interest rate per annum equal to the sum of (i) the
Eurodollar Funding Rate (Reserve Adjusted) for such Eurodollar Interest Period plus (ii) 0.50%. 
 “Eurodollar Reserve
Percentage” means, for any Eurodollar Interest Period, the reserve percentage (expressed as a decimal) equal to the maximum aggregate reserve requirements (including all basic, emergency, supplemental, marginal and other reserves and taking
into account any transitional adjustments or other scheduled changes in reserve requirements) specified under regulations issued from time to time by the F.R.S. Board and then applicable to liabilities or assets constituting “Eurocurrency
Liabilities,” as currently defined in Regulation D of the F.R.S. Board, having a term approximately equal or comparable to such Eurodollar Interest Period. 
 “Eurodollar Tranche” means any portion of the Series 2007-1 Class A-1 Outstanding Principal Amount funded or maintained with Eurodollar Advances. 
 “Federal Funds Rate” means, for any period, a fluctuating interest rate per annum equal for each day during such period to the weighted
average of the overnight federal funds rates as published in Federal Reserve Board Statistical Release H.15(519) or any successor or substitute publication selected by the Administrative Agent (or, if such day is not a Business Day, for the next
preceding Business Day), or if, for any reason, such rate is not available on any day, the rate determined, in the reasonable opinion of the Administrative Agent, to be the rate at which overnight federal funds are being offered in the national
federal funds market at 9:00 a.m. (New York time). 
 “First Full Step-Down Release Event QCP” has the meaning set
forth in the definition of “Series 2007-1 Full Step-Down Cash Trapping Release Event.” 
  

 11 

 “Fitch” means Fitch, Inc., doing business as Fitch Ratings, or any successor thereto.

 “Five-Year Swap Rate” means, when used with respect to any Business Day, the mid-market five year swap rate appearing on
page 19901 of the Telerate Service (or any successor service or, if such service or successor service is not available, a substitute rate, which will be the median of three quoted rates determined by the Trustee requesting at the expense of the
Co-Issuers substitute rate quotes from three broker dealers of nationally recognized standing) on such Business Day, adjusted for quarterly compounding. 
 “F.R.S. Board” means the Board of Governors of the Federal Reserve System. 
 “Full
Step-Down Release Event Preceding QCP” has the meaning set forth in the definition of “Series 2007-1 Full Step-Down Cash Trapping Release Event.” 
 “Funding Agent” has the meaning set forth in the preamble to the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Holdco Incurrence Test” has the meaning set forth in the Series 2007-1 Class A Insurance Agreement. 
 “Increase” has the meaning set forth in Section 2.1(a) of the Series 2007-1 Supplement. 
 “Increased Capital Costs” has the meaning set forth in Section 3.07 of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Increased Costs” has the meaning set forth in Section 3.05 of the Series 2007-1 Class A-1 Note Purchase Agreement.

 “Increased Tax Costs” has the meaning set forth in Section 3.08 of the Series 2007-1 Class A-1 Note
Purchase Agreement. 
 “Initial Purchasers” means, collectively, Lehman Brothers Inc., JPMorgan Securities Inc. and Merrill
Lynch, Pierce, Fenner & Smith Incorporated. 
 “Insured Amounts” has, with respect to any Series 2007-1 Class A
Insurer, the meaning set forth in such Series 2007-1 Class A Insurer’s Series 2007-1 Class A Policy. 
 “Insured Interest
Adjustment Amount” means, for any Interest Period, the result (whether a positive or negative number) of (a) the aggregate of the Daily Insured Interest Amounts for each day in such Interest Period minus (b) the aggregate
of the Estimated Daily Insured Interest Amounts for each day in such Interest Period. For purposes of the Base Indenture, the “Insured Interest Adjustment Amount” for any Interest Period shall be deemed to be a “Class A-1 Senior
Notes Insured Interest Adjustment Amount” for such Interest Period. 
  

 12 

 “Insured Obligations” has, with respect to any Series 2007-1 Class A Insurer, the
meaning set forth in such Series 2007-1 Class A Insurer’s Series 2007-1 Class A Policy. 
 “Insurer Default” means,
with respect to any Series 2007-1 Class A Insurer, (i) an Event of Bankruptcy with respect to such Series 2007-1 Class A Insurer shall have occurred and be continuing or (ii) such Series 2007-1 Class A Insurer shall have failed to pay any Insured
Amount under its Series 2007-1 Class A Policy when due. 
 “Interest Reserve Daily Calculation Rate” means, (a) for any
Quarterly Collection Period that ends on or prior to September 9, 2007, 5.82% and (b) for any Quarterly Collection Period thereafter, the average of the Eurodollar Rates for each of the Reference Eurodollar Interest Periods for such
Quarterly Collection Period; provided, however, that, in the case of this clause (b), if the Reference Base Rate Percentage for such Quarterly Collection Period exceeds 25%, then the Interest Reserve Calculation Rate for such
Quarterly Collection Period shall be the sum of (i) the product of (x) such Reference Base Rate Percentage and (y) the average of the Base Rates in effect on the first Business Day of each week in the related Reference Quarter and
(ii) the product of (x) 100% minus such Reference Base Rate Percentage and (y) the average of the Eurodollar Rates for each of the related Reference Eurodollar Interest Periods. 
 “Investor” means any one of the Conduit Investors and the Committed Note Purchasers and “Investors” means the Conduit
Investors and the Committed Note Purchasers collectively. 
 “Investor Group” means (i) for each Conduit Investor,
collectively, such Conduit Investor, the related Committed Note Purchaser(s) set forth opposite the name of such Conduit Investor on Schedule I to the Series 2007-1 Class A-1 Note Purchase Agreement (or, if applicable, set forth for
such Conduit Investor in the Assignment and Assumption Agreement or Investor Group Supplement pursuant to which such Conduit Investor or Committed Note Purchaser becomes a party thereto), any related Program Support Provider(s) and the related
Funding Agent (which shall constitute the Series 2007-1 Class A-1 Noteholder for such Investor Group) and (ii) for each other Committed Note Purchaser that is not related to a Conduit Investor, collectively, such Committed Note Purchaser,
any related Program Support Provider(s) and the related Funding Agent (which shall constitute the Series 2007-1 Class A-1 Noteholder for such Investor Group). 
 “Investor Group Increase Amount” means, with respect to any Investor Group, for any Business Day, such Investor Group’s Commitment Percentage of the Increase, if any, on such Business Day.

 “Investor Group Principal Amount” means, with respect to any Investor Group, (a) when used with respect to the
Series 2007-1 Closing Date, an amount equal to (i) such Investor Group’s Commitment Percentage of the Series 2007-1 Class A-1 Initial 
  

 13 

 Advance Principal Amount plus (ii) such Investor Group’s Commitment Percentage of the Series 2007-1
Class A-1 Outstanding Subfacility Amount outstanding on the Series 2007-1 Closing Date, and (b) when used with respect to any other date, an amount equal to (i) the Investor Group Principal Amount with respect to such Investor Group
on the immediately preceding Business Day (excluding any Series 2007-1 Class A-1 Outstanding Subfacility Amount included therein) plus (ii) the Investor Group Increase Amount with respect to such Investor Group on such date minus
(iii) the amount of principal payments made to such Investor Group on the Series 2007-1 Class A-1 Advance Notes on such date plus (iv) such Investor Group’s Commitment Percentage of the Series 2007-1 Class A-1 Outstanding
Subfacility Amount outstanding on such date. 
 “Investor Group Supplement” has the meaning set forth in
Section 9.17(c) of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “L/C Additional Charges” has the
meaning set forth in Section 2.07(e) of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “L/C
Commitment” means the obligation of the L/C Provider to provide Letters of Credit pursuant to Section 2.07 of the Series 2007-1 Class A-1 Note Purchase Agreement, in an aggregate Undrawn L/C Face Amount, together with any
Unreimbursed L/C Drawings, at any one time outstanding not to exceed $60,000,000, as such amount may be reduced or increased pursuant to Section 2.07(g) of the Series 2007-1 Class A-1 Note Purchase Agreement or reduced pursuant to
Section 2.05(b) of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “L/C Fronting Fees” has the
meaning set forth in Section 2.07(e) of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “L/C Fronting Fees
Rate” has the meaning set forth in the Series 2007-1 Class A-1 VFN Fee Letter. 
 “L/C Issuing Bank” has the
meaning set forth in Section 2.07(h) of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “L/C Quarterly
Insured Fees” has the meaning set forth in Section 2.07(d) of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “L/C Quarterly Insured Fees Rate” has the meaning set forth in the Series 2007-1 Class A-1 VFN Fee Letter. 
 “L/C Obligations” means, at any time, an amount equal to the sum of (i) any Undrawn L/C Face Amounts outstanding at such time and (ii) any Unreimbursed L/C Drawings outstanding at such time. 
 “L/C Other Reimbursement Costs” has the meaning set forth in Section 2.08(a)(ii) of the Series 2007-1 Class A-1
Note Purchase Agreement. 
  

 14 

 “L/C Provider” means JPMorgan Chase Bank, National Association, in its capacity as
provider of any Letter of Credit under the Series 2007-1 Class A-1 Note Purchase Agreement, and its permitted successors and assigns in such capacity. 
 “L/C Reimbursement Amount” has the meaning set forth in Section 2.08(a) of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Leadership Team” means: the Chief Executive Officer; Chief Financial Officer; Executive Vice President of Franchise Operations and
Supply Chain; Executive Vice President of Domino’s Pizza, Inc. and Leader of Team U.S.A.; Executive Vice President of Franchise Development; Chief Marketing Officer; Executive Vice President of International; Executive Vice President of
PeopleFirst; Executive Vice President, General Counsel; Executive Vice President of Communications and Investor Relations; and Executive Vice President and Chief Information Officer of Holdco (or any other position that contains substantially the
same responsibilities as any of the positions listed above). 
 “Lender Party” means any Investor, the Swingline Lender or
the L/C Provider and “Lender Parties” means the Investors, the Swingline Lender and the L/C Provider, collectively. 
 “Letter of Credit” has the meaning set forth in Section 2.07(a) of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Mandatory Decrease” has the meaning set forth in Section 2.2(a) of the Series 2007-1 Supplement. 
 “Margin Stock” means “margin stock” as defined in Regulation U of the F.R.S. Board, as amended from time to time. 
 “Maximum Investor Group Principal Amount” means, as to each Investor Group existing on the Series 2007-1 Closing Date, the amount set
forth on Schedule I to the Series 2007-1 Class A-1 Note Purchase Agreement as such Investor Group’s Maximum Investor Group Principal Amount or, in the case of any other Investor Group, the amount set forth as such Investor
Group’s Maximum Investor Group Principal Amount in the Assignment and Assumption Agreement or Investor Group Supplement by which the members of such Investor Group become parties to the Series 2007-1 Class A-1 Note Purchase Agreement, in
each case, as such amount may be (i) reduced pursuant to Section 2.05 of the Series 2007-1 Class A-1 Note Purchase Agreement or (ii) increased or reduced by any Assignment and Assumption Agreement or Investor Group
Supplement entered into by the members of such Investor Group in accordance with the terms of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Non-Excluded Taxes” has the meaning set forth in Section 3.08 of the Series 2007-1 Class A-1 Note Purchase Agreement. 
  

 15 

 “Offering Memorandum” means the Offering Memorandum for the offering of the Series
2007-1 Class A-2 Notes and the Series 2007-1 Class M-1 Notes, dated as of April 4, 2007, prepared by the Co-Issuers. 
 “Official Body” has the meaning set forth in the definition of “Change in Law.” 
 “Other
Class A-1 Transaction Expenses” means all amounts payable pursuant to Section 9.05 of the Series 2007-1 Class A-1 Note Purchase Agreement other than Class A-1 Amendment Expenses. 
 “Outstanding Series 2007-1 Class A-1 Notes” means with respect to the Series 2007-1 Class A-1 Notes, all Series 2007-1
Class A-1 Notes theretofore authenticated and delivered under the Indenture, except (a) Series 2007-1 Class A-1 Notes theretofore cancelled or delivered to the Registrar for cancellation, (b) Series 2007-1 Class A-1
Notes that have not been presented for payment but funds for the payment in full of which are on deposit in the Series 2007-1 Class A-1 Distribution Account and are available for payment of such Series 2007-1 Class A-1 Notes and the
Commitments with respect to which have terminated and (c) Series 2007-1 Class A-1 Notes in exchange for or in lieu of other Series 2007-1 Class A-1 Notes that have been authenticated and delivered pursuant to the Indenture unless
proof satisfactory to the Trustee is presented that any such Series 2007-1 Class A-1 Notes are held by a purchaser for value. 
 “Outstanding Series 2007-1 Class A-2 Notes” means with respect to the Series 2007-1 Class A-2 Notes, all Series 2007-1 Class A-2 Notes theretofore authenticated and delivered under the Indenture,
except (a) Series 2007-1 Class A-2 Notes theretofore cancelled or delivered to the Registrar for cancellation, (b) Series 2007-1 Class A-2 Notes that have not been presented for payment but funds for the payment in full of
which are on deposit in the Series 2007-1 Class A-2 Distribution Account and are available for payment of such Series 2007-1 Class A-2 Notes and (c) Series 2007-1 Class A-2 Notes in exchange for or in lieu of other Series 2007-1
Class A-2 Notes that have been authenticated and delivered pursuant to the Indenture unless proof satisfactory to the Trustee is presented that any such Series 2007-1 Class A-2 Notes are held by a purchaser for value. 
 “Outstanding Series 2007-1 Class M-1 Notes” means with respect to the Series 2007-1 Class M-1 Notes, all Series 2007-1
Class M-1 Notes theretofore authenticated and delivered under the Indenture, except (a) Series 2007-1 Class M-1 Notes theretofore cancelled or delivered to the Registrar for cancellation, (b) Series 2007-1 Class M-1
Notes that have not been presented for payment in full but funds for the payment of which are on deposit in the Series 2007-1 Class M-1 Distribution Account and are available for payment of such Series 2007-1 Class M-1 Notes and
(c) Series 2007-1 Class M-1 Notes in exchange for or in lieu of other Series 2007-1 Class M-1 Notes that have been authenticated and delivered pursuant to the Indenture unless proof satisfactory to the Trustee is presented that any
such Series 2007-1 Class M-1 Notes are held by a purchaser for value. 
  

 16 

 “Outstanding Series 2007-1 Notes” means, collectively, all Outstanding Series 2007-1
Class A-1 Notes, all Outstanding Series 2007-1 Class A-2 Notes and all Outstanding Series 2007-1 Class M-1 Notes. 
 “Partial Step-Down Release Event Preceding QCP” has the meaning set forth in the definition of “Series 2007-1 Partial Step-Down Cash Trapping Release Event.” 
 “Partial Step-Down Release Event QCP” has the meaning set forth in the definition of “Series 2007-1 Partial Step-Down Cash Trapping
Release Event.” 
 “Permitted Foreign Currency Letter of Credit” has the meaning set forth in
Section 2.07(i) of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Permitted L/C Dollar Cap”
has the meaning set forth in Section 2.07(i) of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Preference Amount” has, with respect to any Series 2007-1 Class A Insurer, the meaning set forth in such Series 2007-1 Class A Insurer’s Series 2007-1 Class A Policy. 
 “Prepayment Notice” has the meaning set forth in Section 3.7(f) of the Series 2007-1 Supplement. 
 “Prepayment Record Date” means, with respect to the date of any Series 2007-1 Prepayment, the last day of the calendar month immediately
preceding the date of such Series 2007-1 Prepayment unless such last day is less than ten (10) Business Days prior to the date of such Series 2007-1 Prepayment, in which case the “Prepayment Record Date” will be the last day of the
second calendar month immediately preceding the date of such Series 2007-1 Prepayment. 
 “Pricing Disclosure Package” has
the meaning set forth in the Series 2007-1 Class A-2/M-1 Note Purchase Agreement. 
 “Prime Rate” means the rate
announced by Citibank N.A. or any successor thereto from time to time as its prime rate in the United States, such rate to change as and when such designated rate changes. The Prime Rate is not intended to be the lowest rate of interest charged by
such Person in connection with extensions of credit to debtors. 
 “Program Support Agreement” means, with respect to any
Investor, any agreement entered into by any Program Support Provider in respect of any Commercial Paper and/or Series 2007-1 Class A-1 Note of such Investor providing for the issuance of one or more letters of credit for the account of such
Investor, the issuance of one or more insurance policies for which such Investor is obligated to reimburse the applicable Program Support Provider for any drawings thereunder, the sale by such Investor to any Program Support Provider of the Series
2007-1 Class A-1 Notes (or portions thereof or interests therein) and/or the making of loans and/or other extensions of credit to such 
  

 17 

 Investor in connection with such Investor’s securitization program, together with any letter of credit, insurance
policy or other instrument issued thereunder or guaranty thereof (but excluding any discretionary advance facility provided by a Committed Note Purchaser). 
 “Program Support Provider” means, with respect to any Investor, any financial institutions and any other or additional Person now or hereafter extending credit or having a commitment to extend credit
to or for the account of, and/or agreeing to make purchases from, such Investor in respect of such Investor’s Commercial Paper and/or Series 2007-1 Class A-1 Note, and/or agreeing to issue a letter of credit or insurance policy or other
instrument to support any obligations arising under or in connection with such Investor’s securitization program as it relates to any Commercial Paper issued by such Investor, and/or holding equity interests in such Investor, in each case
pursuant to a Program Support Agreement, and any guarantor of any such Person. 
 “Qualified Institutional Buyer” or
“QIB” means a Person who is a “qualified institutional buyer” as defined in Rule 144A. 
 “Qualified
Purchaser” or “QP” means a Person who is (i) a “qualified purchaser” within the meaning of Section 3(c)(7) of the Investment Company Act, (ii) a “knowledgeable employee” with respect to
the Co-Issuers within the meaning of Rule 3c-5 under the Investment Company Act or (iii) a company owned by one or more “qualified purchasers” and/or “knowledgeable employees” with respect to the Co-Issuers within the
meaning of Rule 3c-5 under the Investment Company Act. 
 “Rating Agencies” means, with respect to each Class of Series
2007-1 Senior Notes, S&P, Moody’s and any other nationally recognized rating agency then rating any such Class of Series 2007-1 Senior Notes at the request of the Co-Issuers and, with respect to the Series 2007-1 Class M-1 Notes, S&P
and any other nationally recognized rating agency then rating such Series 2007-1 Class M-1 Notes at the request of the Co-Issuers. 
 “Rating Agency Condition” means, with respect to the Series 2007-1 Notes and any action, including the issuance of an additional Series of Notes, that each Rating Agency with respect to the Series 2007-1 Notes shall have
notified the Co-Issuers, the Control Party and the Trustee in writing that (a) at the time such notice is given such Rating Agency’s then-current non-public rating assigned to each Class of Series 2007-1 Senior Notes is at least, if such
Rating Agency is S&P, BBB- or, if such Rating Agency is Moody’s, Baa3 and (b) such action will not result in any of the following: (i) a reduction, withdrawal or negative qualification of such Rating Agency’s then-current
credit rating assigned to each Class of Series 2007-1 Notes, or (ii) in the case of any Class of Insured Senior Notes, a reduction, withdrawal or negative qualification of such Rating Agency’s then-current non-public rating
assigned to such Class. 
 “Reference Base Rate Percentage” means, for any Quarterly Collection Period, the percentage of
(a) the average daily outstanding principal or face amount of all Base Rate Advances, Swingline Loans and Unreimbursed L/C Drawings during the 
  

 18 

 Reference Quarter for such Quarterly Collection Period to (b) the average daily outstanding principal or face amount
of all Advances, Swingline Loans and Unreimbursed L/C Drawings during such Reference Quarter. 
 “Reference Eurodollar Interest
Period” means, for any Quarterly Collection Period, each three-month period that commences on the first Business Day of each week in the related Reference Quarter. 
 “Reference Quarter” means, for any Quarterly Collection Period, the fiscal quarter of the Co-Issuers most recently ended prior to the
first day of such Quarterly Collection Period. 
 “Refunded Swingline Loans” has the meaning set forth in
Section 2.06(d) of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Refunding Date” has the meaning
set forth in Section 2.06(e) of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Regulation S”
means Regulation S promulgated under the Securities Act. 
 “Regulation S Global Notes” has the meaning set forth in
Sections 4.2(b) or 4.3(b), as applicable of the Series 2007-1 Supplement. 
 “Reimbursement Obligation”
means the obligation of the Co-Issuers to reimburse the L/C Provider pursuant to Section 2.08 of the Series 2007-1 Class A-1 Note Purchase Agreement for amounts drawn under Letters of Credit. 
 “Restricted Global Notes” has the meaning set forth in Section 4.2(a) or 4.3(a), as applicable, of the Series 2007-1
Supplement. 
 “Restricted Period” means, with respect to any Series 2007-1 Class A-2 Notes or Series 2007-1
Class M-1 Notes issued on the Series 2007-1 Closing Date and sold pursuant to Regulation S, the period commencing on such Series 2007-1 Closing Date and ending on the 40th day after the Series 2007-1 Closing Date. 
 “Rule 144A” means Rule 144A promulgated under the Securities Act. 
 “Seasoned Base Rate Advance” means any Base Rate Advance that has been outstanding for more than two (2) Business Days. 

“Second Full Step-Down Release Event QCP” has the meaning set forth in the definition of “Series 2007-1 Full Step-Down Cash
Trapping Release Event.” 
 “Series 2007-1 Adjusted Repayment Date” means the date established as the Series 2007-1
Adjusted Repayment Date in accordance with Section 3.7(b) of the Series 2007-1 Supplement. 
  

 19 

 “Series 2007-1 Anticipated Life” means, with respect to any date, the period of time
between such date and the Quarterly Payment Date occurring immediately prior to the Series 2007-1 Anticipated Repayment Date. 
 “Series 2007-1 Anticipated Repayment Date” has the meaning set forth in Section 3.7(b) of the Series 2007-1 Supplement. 
 “Series 2007-1 Available Senior Notes Interest Reserve Account Amount” means, when used with respect to any date, the amount on deposit in the Senior Notes Interest Reserve Account pursuant to
Section 3.2(g) of the Series 2007-1 Supplement after giving effect to any withdrawals therefrom on such date with respect to the Series 2007-1 Senior Notes pursuant to Section 5.10 of the Base Indenture. 
 “Series 2007-1 Available Cash Trap Reserve Account Amount” means, when used with respect to any date, the amount on deposit in the Cash
Trap Reserve Account pursuant to Section 3.2(h) of the Series 2007-1 Supplement after giving effect to any withdrawals therefrom on such date with respect to the Series 2007-1 Senior Notes pursuant to Section 5.10 of the
Base Indenture. 
 “Series 2007-1 Cash Trapping Amount” means, for each Weekly Allocation Date while a Series 2007-1 Cash
Trapping Period is in effect, an amount equal to the product of (a) the Series 2007-1 Cash Trapping Percentage applicable to such Weekly Allocation Date, multiplied by (b) all unallocated amounts on deposit in the Collection Account
after allocating, depositing and paying, as applicable, on such Weekly Allocation Date the amounts required to be allocated, deposited or paid in accordance with clauses (i) through (xi) of the Priority of Payments. For
purposes of the Indenture, the “Series 2007-1 Cash Trapping Amount” shall be deemed to be a “Cash Trapping Amount.” 
 “Series 2007-1 Cash Trapping Percentage” means, for each Weekly Allocation Date while a Series 2007-1 Cash Trapping Period is in effect, the percentage set forth in the following table as determined by the Master Issuer
with respect to the Quarterly Payment Date immediately preceding such Weekly Allocation Date based on the Quarterly DSCR as determined for such Quarterly Payment Date: 
  

				
	 Quarterly Payment Date Quarterly DSCR
	  	Series 2007-1
Cash Trapping
Percentage	 
	 1.75 > DSCR
	  	50	%
	 1.75 < DSCR < 1.85
	  	25	%
	 1.85 < DSCR
	  	0	%

 “Series 2007-1 Cash Trapping Period” means each period beginning on any Quarterly
Payment Date for which the Quarterly DSCR is less than 1.85 and ending on any subsequent Quarterly Payment Date for which the Quarterly DSCR is greater than or equal to 1.85. For purposes of the Indenture, each Series 2007-1 Cash Trapping Period
shall be deemed to be a “Cash Trapping Period.” 
  

 20 

 “Series 2007-1 Class A Insurance Agreement” means the Insurance and Indemnity
Agreement, dated as of the Series 2007-1 Closing Date, by and among MBIA, Ambac, Holdco, DPL, Domino’s International, the SPV Guarantor, the Co-Issuers and the Trustee, pursuant to which the Series 2007-1 Class A Policies shall be
issued, as the same may be amended, supplemented or otherwise modified from time to time pursuant to the terms thereof. 
 “Series
2007-1 Class A Insurer Fee Letters” means, collectively, each of (a) that certain Insurer Fee Letter, dated April 16, 2007 among the Co-Issuers and MBIA relating to the Insurer Premium payable to MBIA with respect to the
Series 2007-1 Class A Policy issued by it and certain expenses payable by the Co-Issuers to or on behalf of MBIA and (b) that certain Insurer Fee Letter, dated April 16, 2007 among the Co-Issuers and Ambac relating to the Insurer
Premium payable to Ambac with respect to the Series 2007-1 Class A Policy issued by it and certain expenses payable by the Co-Issuers to or on behalf of Ambac. 
 “Series 2007-1 Class A Insurers” means, for so long as any Series 2007-1 Senior Notes remain outstanding or any amounts remain due under the Series 2007-1 Class A Insurance Agreement, MBIA
and Ambac. 
 “Series 2007-1 Class A Lead Insurer” means, for so long as any Series 2007-1 Senior Notes are Outstanding
or any amounts remain due under the Series 2007-1 Class A Insurance Agreement, the Series 2007-1 Class A Insurer (other than any Series 2007-1 Class A Insurer with respect to which an Insurer Default has occurred and is continuing)
with the greatest amount of Policy Exposure for the Series 2007-1 Notes, which on the Series 2007-1 Closing Date shall be MBIA. 
 “Series 2007-1 Class A Policies” means, collectively, (a) the note guaranty insurance policy no. 494360, together with all endorsements thereto, delivered by MBIA to the Trustee for the benefit of the Series
2007-1 Senior Noteholders pursuant to the Series 2007-1 Class A Insurance Agreement, as amended, supplemented or otherwise modified from time to time and (b) the note guaranty insurance policy no. AB1074BE, together with all endorsements
thereto, delivered by Ambac to the Trustee for the benefit of the Series 2007-1 Senior Noteholders pursuant to the Series 2007-1 Class A Insurance Agreement, as amended, supplemented or otherwise modified from time to time. 
 “Series 2007-1 Class A-1 Additional Extension Spread” means, with respect to any Series 2007-1 Extension Period, (a) if the
Quarterly DSCR determined for the Quarterly Payment Date on which such Series 2007-1 Extension Period begins is greater than or equal to 3.25, 0 basis points and (b) if the Quarterly DSCR determined for the Quarterly Payment Date on which such
Series 2007-1 Extension Period begins is less than 3.25, 25 basis points. 
 “Series 2007-1 Class A-1 Administrative
Agent” has the meaning set forth under “Administrative Agent” in this Annex A. 
  

 21 

 “Series 2007-1 Class A-1 Administrative Expenses” means, for any Weekly Allocation
Date, the aggregate amount of any Administrative Agent Fees, Class A-1 Amendment Expenses and L/C Additional Charges then due and payable and not previously paid. For purposes of the Indenture, the “Series 2007-1 Class A-1
Administrative Expenses” shall be deemed to be “Class A-1 Senior Notes Administrative Expenses.” 
 “Series
2007-1 Class A-1 Advance” has the meaning set forth under “Advance” in this Annex A. 
 “Series 2007-1
Class A-1 Advance Notes” has the meaning set forth in “Designation” in the Series 2007-1 Supplement. 
 “Series 2007-1 Class A-1 Advance Request” has the meaning set forth under “Advance Request” in this Annex A. 
 “Series 2007-1 Class A-1 Allocated Payment Reduction Amount” has the meaning set forth in Section 2.05(b)(v) of the Series 2007-1 Class A-1 Note Purchase Agreement.

 “Series 2007-1 Class A-1 Breakage Amount” has the meaning set forth under “Breakage Amount” in this
Annex A. 
 “Series 2007-1 Class A-1 Commitments” has the meaning set forth under “Commitments” in this
Annex A. 
 “Series 2007-1 Class A-1 Commitment Term” has the meaning set forth under “Commitment Term”
in this Annex A. 
 “Series 2007-1 Class A-1 Distribution Account” has the meaning set forth in
Section 3.8(a) of the Series 2007-1 Supplement. 
 “Series 2007-1 Class A-1 Distribution Account
Collateral” has the meaning set forth in Section 3.8(d) of the Series 2007-1 Supplement. 
 “Series 2007-1
Class A-1 Excess Principal Event” shall be deemed to have occurred if, on any date, the Series 2007-1 Class A-1 Outstanding Principal Amount exceeds the Series 2007-1 Class A-1 Maximum Principal Amount. For the avoidance of
doubt, with respect to the Series 2007-1 Class A-1 Notes, the Series 2007-1 Class A Policies do not cover any principal in excess of the Series 2007-1 Class A-1 Maximum Principal Amount or any interest on any such excess principal.

 “Series 2007-1 Class A-1 Extension Contingent Additional Interest Adjustment Amount” means, for any Interest Period
occurring during any Series 2007-1 Extension Period, the result (whether a positive or negative number) of (a) the aggregate of the Daily Extension Contingent Additional Interest Amounts for each day in such Interest Period minus (b) the
aggregate of the Estimated Daily Extension Contingent Additional Interest Amounts for each day in such Interest Period. 
  

 22 

 “Series 2007-1 Class A-1 Extension Contingent Additional L/C Fees Adjustment
Amount” means, for any Interest Period occurring during any Series 2007-1 Extension Period, the result (whether a positive or negative number) of (a) the aggregate of the Daily Extension Contingent Additional L/C Fees Amounts for each
day in such Interest Period minus (b) the aggregate of the Estimated Daily Extension Contingent Additional L/C Fees Amounts for each day in such Interest Period. 
 “Series 2007-1 Class A-1 Extension Contingent Additional Rate” has the meaning set forth in Section 3.4(c) of the
Series 2007-1 Supplement. 
 “Series 2007-1 Class A-1 Extension Quarterly Contingent Additional Interest” means, as of
any date of determination for any Interest Period occurring during any Series 2007-1 Extension Period, the sum of (a) the aggregate of the Estimated Daily Extension Contingent Additional Interest Amounts for each day in such Interest Period,
and (b) if such date of determination occurs on or after the last day of such Interest Period, the Series 2007-1 Class A-1 Extension Contingent Additional Interest Adjustment Amount with respect to such Interest Period. 
 “Series 2007-1 Class A-1 Extension Quarterly Contingent Additional L/C Fees” means, as of any date of determination for any
Interest Period occurring during any Series 2007-1 Extension Period, the sum of (a) the aggregate of the Estimated Daily Extension Contingent Additional L/C Fees Amounts for each day in such Interest Period, and (b) if such date of
determination occurs on or after the last day of such Interest Period, the Series 2007-1 Class A-1 Extension Contingent Additional L/C Fees Adjustment Amount with respect to such Interest Period. 
 “Series 2007-1 Class A-1 Initial Advance” has the meaning set forth in Section 2.1(a) of the Series 2007-1 Supplement.

 “Series 2007-1 Class A-1 Initial Advance Principal Amount” means the aggregate initial outstanding principal amount
of the Series 2007-1 Class A-1 Advance Notes corresponding to the aggregate amount of the Series 2007-1 Class A-1 Initial Advances made on the Series 2007-1 Closing Date pursuant to Section 2.1(a) of the Series 2007-1
Supplement, which is $0. 
 “Series 2007-1 Class A-1 Initial Aggregate Undrawn L/C Face Amount” means the aggregate
initial outstanding principal amount of the Series 2007-1 Class A-1 L/C Note of the L/C Provider corresponding to the aggregate Undrawn L/C Face Amounts of the Letters of Credit issued on the Series 2007-1 Closing Date pursuant to
Section 2.07 of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Series 2007-1 Class A-1 Initial
Swingline Principal Amount” means the aggregate initial outstanding principal amount of the Series 2007-1 Class A-1 Swingline Notes corresponding to the aggregate amount of the Swingline Loans made on the Series 2007-1 Closing Date
pursuant to Section 2.06 of the Series 2007-1 Class A-1 Note Purchase Agreement, which is $0. 
  

 23 

 “Series 2007-1 Class A-1 Insured L/C Fees” means the L/C Quarterly Insured Fees and
the L/C Fronting Fees. For purposes of the Indenture, the Series 2007-1 Class A-1 Insured L/C Fees shall be deemed to be “Senior Notes Quarterly Insured Interest.” 
 “Series 2007-1 Class A-1 Interest Reserve Daily Calculation Amount” means, for any Quarterly Collection Period, an amount equal to
the result of (a) the product of (i) the Series 2007-1 Class A-1 Interest Reserve Calculation Rate for such Quarterly Collection Period multiplied by (ii) the Series 2007-1 Class A-1 Maximum Principal Amount on the first day
of such Quarterly Collection Period divided by (b) 360. 
 “Series 2007-1 Class A-1 Interest Reserve Daily Calculation
Rate” has the meaning set forth under “Interest Reserve Daily Calculation Rate” in this Annex A. 
 “Series
2007-1 Class A-1 Investor” has the meaning set forth under “Investor” in this Annex A. 
 “Series 2007-1
Class A-1 Investor Group Supplement” has the meaning set forth under “Investor Group Supplement” in this Annex A. 
 “Series 2007-1 Class A-1 L/C Notes” has the meaning set forth in “Designation” in the Series 2007-1 Supplement. 
 “Series 2007-1 Class A-1 L/C Obligations” has the meaning set forth under “L/C Obligations” in this Annex A. 
 “Series 2007-1 Class A-1 Maximum Principal Amount” means $150,000,000, as such amount may be reduced pursuant to
Section 2.05 of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Series 2007-1 Class A-1
Noteholder” means the Person in whose name a Series 2007-1 Class A-1 Note is registered in the Note Register. 
 “Series 2007-1 Class A-1 Note Purchase Agreement” means the Class A-1 Note Purchase Agreement, dated as of the Series 2007-1 Closing Date, by and among the Co-Issuers, the Master Servicer, the Series 2007-1
Class A-1 Investors, the Series 2007-1 Class A-1 Noteholders and Lehman Brothers Commercial Paper Inc., as administrative agent thereunder, pursuant to which the Series 2007-1 Class A-1 Noteholders have agreed to purchase the
Series 2007-1 Class A-1 Notes from the Co-Issuers, subject to the terms and conditions set forth therein, as amended, supplemented or otherwise modified from time to time. For purposes of the Indenture, the “Series 2007-1 Class A-1
Note Purchase Agreement” shall be deemed to be a “Variable Funding Note Purchase Agreement.” 
  

 24 

 “Series 2007-1 Class A-1 Note Rate” means, for any day, (a) with respect to
that portion of the Series 2007-1 Class A-1 Outstanding Principal Amount resulting from Advances that bear interest on such day at the CP Rate in accordance with Section 3.01 of the Series 2007-1 Class A-1 Note Purchase
Agreement, the CP Rate in effect for such day; (b) with respect to that portion of the Series 2007-1 Class A-1 Outstanding Principal Amount resulting from Advances that bear interest on such day at the Eurodollar Rate in accordance with
Section 3.01 of the Series 2007-1 Class A-1 Note Purchase Agreement, the Eurodollar Rate in effect for the Eurodollar Interest Period that includes such day; (c) with respect to that portion of the Series 2007-1 Class A-1
Outstanding Principal Amount resulting from Advances that bear interest on such day at the Base Rate in accordance with Section 3.01 of the Series 2007-1 Class A-1 Note Purchase Agreement, the Base Rate in effect for such day;
(d) with respect to that portion of the Series 2007-1 Class A-1 Outstanding Principal Amount consisting of Swingline Loans or Unreimbursed L/C Drawings outstanding on such day, the Base Rate in effect for such day; and (e) with
respect to any other amounts that any Related Document provides is to bear interest by reference to the Series 2007-1 Class A-1 Note Rate, the Base Rate in effect for such day; in each case, computed on the basis of a year of 360 (or, in the
case of the Base Rate, 365 or 366, as applicable) days and the actual number of days elapsed; provided, however, that the Series 2007-1 Class A-1 Note Rate will in no event be higher than the maximum rate permitted by applicable
law. 
 “Series 2007-1 Class A-1 Notes” has the meaning set forth in “Designation” in the Series 2007-1
Supplement. 
 “Series 2007-1 Class A-1 Other Amounts” means, for any Weekly Allocation Date, the aggregate amount of
any Breakage Amount, Class A-1 Indemnities, Increased Capital Costs, Increased Costs, Increased Tax Costs, L/C Other Reimbursement Costs and Other Class A-1 Transaction Expenses then due and payable and not previously paid. For purposes of
the Indenture, the “Series 2007-1 Class A-1 Other Amounts” shall be deemed to be “Class A-1 Senior Notes Other Amounts.” 
 “Series 2007-1 Class A-1 Outstanding Principal Amount” means, when used with respect to any date, an amount equal to (a) the Series 2007-1 Class A-1 Initial Advance Principal Amount, if
any, minus (b) the amount of principal payments (whether pursuant to a Decrease, a prepayment, a redemption or otherwise) made on the Series 2007-1 Class A-1 Advance Notes on or prior to such date plus (c) any Increases
in the Series 2007-1 Class A-1 Outstanding Principal Amount pursuant to Section 2.1 of the Series 2007-1 Supplement resulting from Series 2007-1 Class A-1 Advances made on or prior to such date and after the Series 2007-1
Closing Date plus (d) any Series 2007-1 Class A-1 Outstanding Subfacility Amount on such date; provided that, at no time may the Series 2007-1 Class A-1 Outstanding Principal Amount exceed the Series 2007-1
Class A-1 Maximum Principal Amount. For purposes of the Indenture, the “Series 2007-1 Class A-1 Outstanding Principal Amount” shall be deemed to be an “Outstanding Principal Amount.” 
  

 25 

 “Series 2007-1 Class A-1 Outstanding Subfacility Amount” means, when used with
respect to any date, the aggregate principal amount of any Series 2007-1 Class A-1 Swingline Notes and Series 2007-1 Class A-1 L/C Notes outstanding on such date (after giving effect to Subfacility Increases or Subfacility Decreases
therein to occur on such date pursuant to the terms of the Series 2007-1 Class A-1 Note Purchase Agreement or the Series 2007-1 Supplement). 
 “Series 2007-1 Class A-1 Post-ARD Quarterly Contingent Additional Interest” means, for any Interest Period commencing on or after the Series 2007-1 Adjusted Repayment Date, an amount equal to the sum of (a) the
aggregate of the Daily Post-ARD Contingent Additional Interest Amounts for each day in such Interest Period and (b) in the case of the first such Interest Period, an amount equal to the Series 2007-1 Class A-1 Extension Contingent
Additional Interest Adjustment Amount for the immediately preceding Interest Period. 
 “Series 2007-1 Class A-1 Post-ARD
Quarterly Contingent Additional L/C Fees” means, for the Interest Period commencing on the Series 2007-1 Adjusted Repayment Date, an amount equal to the Series 2007-1 Class A-1 Extension Contingent Additional L/C Fees Adjustment Amount
for the immediately preceding Interest Period. 
 “Series 2007-1 Class A-1 Post-ARD Quarterly Contingent Additional
Rate” has the meaning set forth in Section 3.4(c) of the Series 2007-1 Supplement. 
 “Series 2007-1
Class A-1 Quarterly Commitment Fees” means, as of any date of determination for any Interest Period, an amount equal to the sum of (a) the aggregate of the Estimated Daily Commitment Fee Amounts for each day in such Interest
Period, (b) if such date of determination occurs on or after the last day of such Interest Period, the Commitment Fee Adjustment Amount with respect to such Interest Period, and (c) the amount of any Class A-1 Senior Notes Commitment
Fees Shortfall Amount with respect to the Series 2007-1 Class A-1 Notes (as determined pursuant to Section 5.10(e) of the Base Indenture), for the immediately preceding Interest Period together with Additional Class A-1 Senior
Notes Commitment Fee Shortfall Interest (as determined pursuant to Section 5.10(e) of the Base Indenture) on such Class A-1 Senior Notes Commitment Fees Shortfall Amount. For purposes of the Indenture, the “Series 2007-1
Class A-1 Quarterly Commitment Fees” shall be deemed to be “Class A-1 Senior Notes Quarterly Commitment Fees.” 
 “Series 2007-1 Class A-1 Quarterly Contingent Additional Interest” means the sum of (a) for (i) any Interest Period occurring during any Series 2007-1 Extension Period, the amount of the Series 2007-1
Class A-1 Extension Quarterly Contingent Additional Interest for such Interest Period, or (ii) any Interest Period commencing on or after the Series 2007-1 Adjusted Repayment Date, the amount of the Series 2007-1 Class A-1 Post-ARD
Quarterly Contingent Additional Interest for such Interest Period and (b) all previously unpaid amounts described in clauses (i) and (ii) with respect to prior Interest Periods. For purposes of the Indenture, the
“Series 2007-1 Class A-1 Quarterly Contingent Additional Interest” shall be deemed to be “Senior Notes Quarterly Contingent Additional Interest.” 
  

 26 

 “Series 2007-1 Class A-1 Quarterly Contingent Additional L/C Fees” means the sum of
(a) (i) for any Interest Period occurring during any Series 2007-1 Extension Period, the amount of the Series 2007-1 Class A-1 Extension Quarterly Contingent Additional L/C Fees for such Interest Period or (ii) for the Interest
Period commencing on the Series 2007-1 Adjusted Repayment Date, the amount of the Series 2007-1 Class A-1 Post-ARD Quarterly Contingent Additional L/C Fees for such Interest Period, and (b) all previously unpaid amounts described in
clause (i) or (ii) with respect to prior Interest Periods. For purposes of the Indenture, the “Series 2007-1 Class A-1 Quarterly Contingent Additional L/C Fees” shall be deemed to be “Senior Notes
Quarterly Contingent Additional Interest.” 
 “Series 2007-1 Class A-1 Quarterly Insured Interest” means, as of
any date of determination for any Interest Period, an amount equal to the sum of (a) the aggregate of the Estimated Daily Insured Interest Amounts for each day in such Interest Period, (b) if such date of determination occurs on or after
the last day of such Interest Period, the Insured Interest Adjustment Amount with respect to such Interest Period, and (c) the amount of any Senior Notes Insured Interest Shortfall Amount with respect to the Series 2007-1 Class A-1 Notes
(as determined pursuant to Section 5.10(b) of the Base Indenture), for the immediately preceding Interest Period (together with Additional Senior Notes Insured Interest Shortfall Interest (as determined pursuant to
Section 5.10(b) of the Base Indenture) on such Senior Notes Insured Interest Shortfall Amount. For purposes of the Indenture, the “Series 2007-1 Class A-1 Quarterly Insured Interest” shall be deemed to be “Senior
Notes Quarterly Insured Interest.” 
 “Series 2007-1 Class A-1 Quarterly Insurer Premiums” means, as of any date
of determination for any Interest Period, an amount equal to the sum of (a) the aggregate of the Estimated Daily Class A-1 Insurer Premiums Amount for each day in such Interest Period and (b) if such date of determination occurs on or
after the last day of such Interest Period, the Class A-1 Insurer Premiums Adjustment Amount with respect to such Interest Period. 
 “Series 2007-1 Class A-1 Quarterly Uninsured Interest” means, for any Interest Period, an amount equal to the sum of (a) the aggregate of the Daily Uninsured Interest Amounts, if any, for the immediately preceding
Interest Period and (b) all previously unpaid amounts described in clause (a) with respect to prior Interest Periods. For purposes of the Indenture, the “Series 2007-1 Class A-1 Quarterly Uninsured Interest” shall be
deemed to be “Class A-1 Senior Notes Quarterly Uninsured Interest.” 
 “Series 2007-1 Class A-1 Subfacility
Noteholder” means the Person in whose name a Series 2007-1 Class A-1 Swingline Note or Series 2007-1 Class A-1 L/C Note is registered in the Note Register. For purposes of the Indenture, the “Series 2007-1 Class A-1
Subfacility Noteholders” shall be deemed to be “Class A-1 Subfacility Noteholders.” 
 “Series 2007-1
Class A-1 Swingline Loan” has the meaning set forth under “Swingline Loan” in this Annex A. 
  

 27 

 “Series 2007-1 Class A-1 Swingline Notes” has the meaning set forth in
“Designation” of the Series 2007-1 Supplement. 
 “Series 2007-1 Class A-1 Unreimbursed L/C Drawings” has the
meaning set forth under “Unreimbursed L/C Drawings” in this Annex A. 
 “Series 2007-1 Class A-1 VFN Fee
Letter” means the Fee Letter, dated as of the Series 2007-1 Closing Date, by and among the Co-Issuers, the Funding Agents, the L/C Provider and the Administrative Agent, as the same may be amended, supplemented or otherwise modified from
time to time pursuant to the terms thereof. For purposes of the Indenture, the “Series 2007-1 Class A-1 VFN Fee Letter” shall be deemed to be a “VFN Fee Letter.” 
 “Series 2007-1 Class A-2 Additional Extension Spread” means, with respect to any Series 2007-1 Extension Period, (a) if the
Quarterly DSCR determined for the Quarterly Payment Date on which such Series 2007-1 Extension Period begins is greater than or equal to 3.25, 0 basis points and (b) if the Quarterly DSCR determined for the Quarterly Payment Date on which such
Series 2007-1 Extension Period begins is less than 3.25, 25 basis points. 
 “Series 2007-1 Class A-2 Additional Post-ARD
Spread” means 50 basis points. 
 “Series 2007-1 Class A-2 Distribution Account” has the meaning set forth in
Section 3.9(a) of the Series 2007-1 Supplement. 
 “Series 2007-1 Class A-2 Distribution Account
Collateral” has the meaning set forth in Section 3.9(d) of the Series 2007-1 Supplement. 
 “Series 2007-1
Class A-2 First Extension Quarterly Contingent Additional Interest” has the meaning set forth in Section 3.5(b)(i) of the Series 2007-1 Supplement. 
 “Series 2007-1 Class A-2 First Extension Quarterly Contingent Additional Interest Rate” has the meaning set forth in
Section 3.5(b)(i) of the Series 2007-1 Supplement. 
 “Series 2007-1 Class A-2 Initial Principal Amount”
means the aggregate initial outstanding principal amount of the Series 2007-1 Class A-2 Notes, which is $1,600,000,000. 
 “Series 2007-1 Class A-2/M-1 Note Purchase Agreement” means the Purchase Agreement, dated as of April 4, 2007, by and among, the Initial Purchasers, the Co-Issuers, the Guarantors, Domino’s International, the
Master Servicer, Holdco and Intermediate Holdco, as amended, supplemented or otherwise modified from time to time. 
  

 28 

 “Series 2007-1 Class A-2 Make-Whole Prepayment Premium” means, with respect to any
Series 2007-1 Prepayment Amount in respect of any Series 2007-1 Class A-2 Notes on which any prepayment premium is due, an amount equal to the excess, if any, of (a) the discounted present value as of the related Series 2007-1 Make-Whole
Premium Calculation Date of such Series 2007-1 Prepayment Amount as if paid on the Quarterly Payment Date occurring immediately prior to the Series 2007-1 Anticipated Repayment Date and the amount of interest that would have been payable
thereon after such Series 2007-1 Prepayment Date to and including the Quarterly Payment Date occurring immediately prior to the Series 2007-1 Anticipated Repayment Date, determined at a discount rate equal to the Swap Rate with a tenor that is
equal to the remaining Series 2007-1 Anticipated Life as of such Series 2007-1 Make-Whole Premium Calculation Date (or, if such tenor is less than two years, the EDSF Rate), such discount rate to be converted to a quarterly equivalent rate, over
(b) such Series 2007-1 Prepayment Amount. Such reference to the Swap Rate (or EDSF Rate, as applicable) will be determined, if necessary, by interpolating linearly between yields reported for various maturities if no maturity corresponds
to the applicable remaining Series 2007-1 Anticipated Life. For purposes of such calculations, the Series 2007-1 Anticipated Life will be based on the period of time between such Series 2007-1 Make-Whole Premium Calculation Date and the Quarterly
Payment Date occurring immediately prior to the Series 2007-1 Anticipated Repayment Date. 
 “Series 2007-1 Class A-2
Noteholder” means the Person in whose name a Series 2007-1 Class A-2 Note is registered in the Note Register. 
 “Series 2007-1 Class A-2 Note Rate” means 5.261% per annum. 
 “Series 2007-1 Class A-2
Notes” has the meaning specified in “Designation” of the Series 2007-1 Supplement. 
 “Series 2007-1
Class A-2 Original Spread” means 30 basis points. 
 “Series 2007-1 Class A-2 Outstanding Principal
Amount” means, when used with respect to any date, an amount equal to (a) the Series 2007-1 Class A-2 Initial Principal Amount, minus (b) the aggregate amount of principal payments (whether pursuant to a prepayment, a
redemption or otherwise) made to Series 2007-1 Class A-2 Noteholders with respect to Series 2007-1 Class A-2 Notes on or prior to such date. For purposes of the Indenture, the “Series 2007-1 Class A-2 Outstanding Principal
Amount” shall be deemed to be an “Outstanding Principal Amount.” 
 “Series 2007-1 Class A-2 Post-ARD
Quarterly Contingent Additional Interest” has the meaning set forth in Section 3.5(b)(iii) of the Series 2007-1 Supplement. 
 “Series 2007-1 Class A-2 Post-ARD Quarterly Contingent Additional Interest Rate” has the meaning set forth in Section 3.5(b)(iii) of the Series 2007-1 Supplement. 
  

 29 

 “Series 2007-1 Class A-2 Quarterly Contingent Additional Interest” means,
collectively, the Series 2007-1 Class A-2 First Extension Quarterly Contingent Additional Interest, the Series 2007-1 Class A-2 Second Extension Quarterly Contingent Additional Interest and the Series 2007-1 Class A-2 Post-ARD
Quarterly Contingent Additional Interest. For purposes of the Indenture, the “Series 2007-1 Class A-2 Quarterly Contingent Additional Interest” shall be deemed to be “Senior Notes Quarterly Contingent Additional Interest.”

 “Series 2007-1 Class A-2 Quarterly Insured Interest” means, with respect to any Interest Period, an amount equal to
the sum of (i) the accrued interest at the Series 2007-1 Class A-2 Note Rate on the Series 2007-1 Class A-2 Outstanding Principal Amount (on the first day of such Interest Period after giving effect to all payments of principal made
to holders of such Class of Notes on such day) during such Interest Period, calculated based on a 360-day year of twelve 30-day months, and (ii) the amount of any Senior Notes Insured Interest Shortfall Amount with respect to the Series
2007-1 Class A-2 Notes (as determined pursuant to Section 5.10(b) of the Base Indenture), for the immediately preceding Interest Period (together with Additional Senior Notes Insured Interest Shortfall Interest (as determined
pursuant to Section 5.10(b) of the Base Indenture) on such Senior Notes Insured Interest Shortfall Amount. For purposes of the Indenture, “Series 2007-1 Class A-2 Quarterly Insured Interest” shall be deemed to be
“Senior Notes Quarterly Insured Interest.” 
 “Series 2007-1 Class A-2 Second Extension Quarterly Contingent
Additional Interest” has the meaning set forth in Section 3.5(b)(ii) of the Series 2007-1 Supplement. 
 “Series 2007-1 Class A-2 Second Extension Quarterly Contingent Additional Interest Rate” has the meaning set forth in Section 3.5(b)(ii) of the Series 2007-1 Supplement. 
 “Series 2007-1 Class M-1 Additional Extension Spread” means, with respect to any Series 2007-1 Extension Period, (a) if the
Quarterly DSCR determined for the Quarterly Payment Date on which such Series 2007-1 Extension Period begins is greater than or equal to 3.25, 0 basis points and (b) if the Quarterly DSCR determined for the Quarterly Payment Date on which such
Series 2007-1 Extension Period begins is less than 3.25, 100 basis points. 
 “Series 2007-1 Class M-1 Additional Post-ARD
Spread” means 300 basis points. 
 “Series 2007-1 Class M-1 Distribution Account” has the meaning set forth in
Section 3.10(a) of the Series 2007-1 Supplement. 
 “Series 2007-1 Class M-1 Distribution Account
Collateral” has the meaning set forth in Section 3.10(d) of the Series 2007-1 Supplement. 
  

 30 

 “Series 2007-1 Class M-1 First Extension Quarterly Contingent Additional Interest”
has the meaning set forth in Section 3.6(b)(i) of the Series 2007-1 Supplement. 
 “Series 2007-1
Class M-1 First Extension Quarterly Contingent Additional Interest Rate” has the meaning set forth in Section 3.6(b)(i) of the Series 2007-1 Supplement. 
 “Series 2007-1 Class M-1 Initial Principal Amount” means the aggregate initial outstanding principal amount of the Series 2007-1
Class M-1 Notes, which is $100,000,000. 
 “Series 2007-1 Class M-1 Make-Whole Prepayment Premium” means, with
respect to any Series 2007-1 Prepayment Amount in respect of any Series 2007-1 Class M-1 Notes on which any prepayment premium is due, an amount equal to the excess, if any, of (a) the discounted present value as of the related Series 2007-1
Make-Whole Premium Calculation Date of such Series 2007-1 Prepayment Amount as if paid on the Quarterly Payment Date occurring immediately prior to the Series 2007-1 Anticipated Repayment Date and the amount of interest that would have been payable
thereon after such Series 2007-1 Prepayment Date to and including the Quarterly Payment Date occurring immediately prior to the Series 2007-1 Anticipated Repayment Date, determined at a discount rate equal to the sum of 250 basis points plus the
Swap Rate with a tenor that is equal to the remaining Series 2007-1 Anticipated Life as of such Series 2007-1 Make-Whole Premium Calculation Date (or, if such tenor is less than two years, the EDSF Rate), such discount rate to be converted to a
quarterly equivalent rate, over (b) such Series 2007-1 Prepayment Amount. Such reference to the Swap Rate (or EDSF Rate, as applicable) will be determined, if necessary, by interpolating linearly between yields reported for various
maturities if no maturity corresponds to the applicable remaining Series 2007-1 Anticipated Life. For purposes of such calculations, the Series 2007-1 Anticipated Life will be based on the period of time between such Series 2007-1 Make-Whole Premium
Calculation Date and the Quarterly Payment Date occurring immediately prior to the Series 2007-1 Anticipated Repayment Date. 
 “Series 2007-1 Class M-1 Noteholder” means the Person in whose name a Series 2007-1 Class M-1 Note is registered in the Note Register. 
 “Series 2007-1 Class M-1 Note Rate” means 7.629% per annum. 
 “Series
2007-1 Class M-1 Notes” has the meaning specified in “Designation” in the Series 2007-1 Supplement. 
 “Series 2007-1 Class M-1 Original Spread” means 270 basis points. 
 “Series 2007-1 Class M-1
Outstanding Principal Amount” means, when used with respect to any date, an amount equal to (a) the Series 2007-1 Class M-1 Initial Principal Amount, minus (b) the aggregate amount of principal payments (whether
pursuant to a prepayment, a redemption or otherwise) made to Series 2007-1 Class M-1 Noteholders with respect to Series 2007-1 Class M-1 Notes on or prior to such date. For purposes of the Indenture, the “Series 2007-1 Class M-1
Outstanding Principal Amount” shall be deemed to be an “Outstanding Principal Amount.” 
  

 31 

 “Series 2007-1 Class M-1 Post-ARD Quarterly Contingent Additional Interest” has the
meaning set forth in Section 3.6(b)(iii) of the Series 2007-1 Supplement. 
 “Series 2007-1 Class M-1
Post-ARD Quarterly Contingent Additional Interest Rate” has the meaning set forth in Section 3.6(b)(iii) of the Series 2007-1 Supplement. 
 “Series 2007-1 Class M-1 Quarterly Contingent Additional Interest” means, collectively, the Series 2007-1 Class M-1 First Extension Quarterly Contingent Additional Interest, the Series
2007-1 Class M-1 Second Extension Quarterly Contingent Additional Interest and the Series 2007-1 Class M-1 Post-ARD Quarterly Contingent Additional Interest. For purposes of the Indenture, the “Series 2007-1 Class M-1 Quarterly
Contingent Additional Interest” shall be deemed to be “Subordinated Notes Quarterly Contingent Additional Interest.” 
 “Series 2007-1 Class M-1 Quarterly Interest” means, with respect to any Interest Period, an amount equal to the sum of (a) the accrued interest at the Series 2007-1 Class M-1 Note Rate on the Series 2007-1
Class M-1 Outstanding Principal Amount (on the first day of such Interest Period after giving effect to all payments of principal made to holders of such Class of Notes on such day) during such Interest Period, calculated based on a
360-day year of twelve 30-day months, and (b) the amount of any Subordinated Notes Interest Shortfall Amount with respect to the Series 2007-1 Class M-1 Notes (as determined pursuant to Section 5.10(h) of the Base Indenture),
for the immediately preceding Interest Period (together with Additional Subordinated Notes Shortfall Interest (as determined pursuant to Section 5.10(h) of the Base Indenture) on such Subordinated Notes Interest Shortfall Amount. For
purposes of the Indenture, “Series 2007-1 Class M-1 Quarterly Interest” shall be deemed to be “Subordinated Notes Quarterly Interest.” 
 “Series 2007-1 Class M-1 Second Extension Quarterly Contingent Additional Interest” has the meaning set forth in Section 3.6(b)(ii) of the Series 2007-1 Supplement. 

“Series 2007-1 Class M-1 Second Extension Quarterly Contingent Additional Interest Rate” has the meaning set forth in
Section 3.6(b)(ii) of the Series 2007-1 Supplement. 
 “Series 2007-1 Closing Date” means April 16,
2007. 
 “Series 2007-1 Debt Service Amount” means, with respect to any Quarterly Payment Date or with respect to any
Interest Period relating to such Quarterly Payment Date, the sum of (a) the aggregate amount, without duplication, of Series 2007-1 Class A-1 Quarterly Insured Interest, the Series 2007-1 Class A-1 Quarterly Commitment Fees and the
Series 2007-1 Class A-2 Quarterly Insured Interest for such Interest Period, plus (b) the aggregate amount of Series 2007-1 Insurer Premiums due to the Series 2007-1 Class A Insurers with respect to the Series 2007-1 Notes on
such Quarterly Payment Date. 
  

 32 

 “Series 2007-1 Default Rate” means, (i) with respect to the Series 2007-1
Class A-1 Notes, the Series 2007-1 Class A-1 Note Rate, (ii) with respect to the Series 2007-1 Class A-2 Notes, the Series 2007-1 Class A-2 Note Rate, and (iii) with respect to the Series 2007-1 Class M-1 Notes,
the Series 2007-1 Class M-1 Note Rate. For purposes of the Indenture, the “Series 2007-1 Default Rate” shall be deemed to be the “Default Rate.” 
 “Series 2007-1 Distribution Accounts” means, collectively, the Series 2007-1 Class A-1 Distribution Account, the Series 2007-1 Class A-2 Distribution Account and the Series 2007-1
Class M-1 Distribution Account. 
 “Series 2007-1 Extension Elections” means, collectively, the Series 2007-1
First Extension Election and the Series 2007-1 Second Extension Election. 
 “Series 2007-1 Extension Periods” means,
collectively, the Series 2007-1 First Extension Period and the Series 2007-1 Second Extension Period. For purposes of the Indenture, each of the Series 2007-1 Extension Periods shall be deemed to be an “Extension Period.” 
 “Series 2007-1 Final Payment” means the payment of all accrued and unpaid interest on and principal of all Outstanding Series 2007-1
Notes, the payment of all accrued and unpaid Series 2007-1 Insurer Premiums, Series 2007-1 Insurer Reimbursements and Series 2007-1 Insurer Expenses, the expiration or cash collateralization in accordance with the terms of the Series 2007-1
Class A-1 Note Purchase Agreement of all Undrawn L/C Face Amounts, the payment of all fees and expenses and other amounts then due and payable under the Series 2007-1 Class A-1 Note Purchase Agreement and the termination in full of all
Series 2007-1 Class A-1 Commitments. For the avoidance of doubt, occurrence of the Series 2007-1 Final Payment shall not prejudice the rights of any Series 2007-1 Class A Insurer under the Indenture or the Series 2007-1 Class A
Insurance Agreement with respect to any amounts owed to such Series 2007-1 Class A Insurer constituting Series 2007-1 Insurer Premiums, Series 2007-1 Insurer Reimbursements and Series 2007-1 Insurer Expenses that remain unpaid. 
 “Series 2007-1 Final Payment Date” means the date on which the Series 2007-1 Final Payment is made. 
 “Series 2007-1 First Extended Anticipated Repayment Date” has the meaning set forth in Section 3.7(b)(i) of the Series
2007-1 Supplement. 
 “Series 2007-1 First Extension Election” has the meaning set forth in
Section 3.7(b)(i) of the Series 2007-1 Supplement. 
  

 33 

 “Series 2007-1 First Extension Period” means, if the Series 2007-1 First Extension
Election has been made and become effective, the period from the Series 2007-1 Anticipated Repayment Date to the Series 2007-1 First Extended Anticipated Repayment Date. 
 “Series 2007-1 Full Step-Down Cash Trapping Reduced Amount” means, with respect to any Series 2007-1 Full Step-Down Cash Trapping
Release Event that occurs during, at the end of or immediately following the end of any Series 2007-1 Cash Trapping Period, the amount equal to (a) if the Series 2007-1 Cash Trapping Percentage for the Second Full Step-Down Release Event QCP is
less than or equal to the Series 2007-1 Cash Trapping Percentage in effect for the First Full Step-Down Release Event QCP with respect to such Series 2007-1 Full Step-Down Cash Trapping Release Event, the amount that would have been deposited in the
Cash Trap Reserve Account during such Series 2007-1 Cash Trapping Period (before the occurrence of such Series 2007-1 Full Step-Down Cash Trapping Release Event) if the Quarterly DSCR for the First Full Step-Down Release Event QCP had been in effect
during the duration of such Series 2007-1 Cash Trapping Period (before the occurrence of such Series 2007-1 Full Step-Down Cash Trapping Release Event) and (b) if the Series 2007-1 Cash Trapping Percentage for the Second Full Step-Down Release
Event QCP is greater than the Series 2007-1 Cash Trapping Percentage in effect for the First Full Step-Down Release Event QCP with respect to such Series 2007-1 Full Step-Down Cash Trapping Release Event, zero. 
 “Series 2007-1 Full Step-Down Cash Trapping Release Amount” means, with respect to any Series 2007-1 Full Step-Down Cash Trapping
Release Event, the difference between (a) the aggregate amount then on deposit in the Cash Trap Reserve Account with respect to the Series 2007-1 Notes, minus (b) Series 2007-1 Full Step-Down Cash Trapping Reduced Amount. Any Series
2007-1 Full- Step-Down Cash Trapping Release Amount that is to be calculated for a Quarterly Collection Period for which a Series 2007-1 Partial Step-Down Cash Trapping Release Amount is also to be calculated, shall be calculated before giving
effect to the calculation of such Series 2007-1 Partial Step-Down Cash Trapping Release Amount. For purposes of the Indenture, each Series 2007-1 Full Step-Down Cash Trapping Release Amount shall be deemed to be a “Cash Trapping Release
Amount.” 
 “Series 2007-1 Full Step-Down Cash Trapping Release Event” means, with respect to any Quarterly Collection
Period (the “Second Full Step-Down Release Event QCP”) and the Quarterly Collection Period immediately preceding the Second Full Step-Down Release Event QCP (the “First Full Step-Down Release Event QCP”), an
increase in the Quarterly DSCR with respect to the Second Full Step-Down Release Event QCP and the First Full Step-Down Release Event QCP (as compared to the Quarterly Collection Period immediately preceding the First Full Step-Down Release Event
QCP (the “Full Step-Down Release Event Preceding QCP”)) that results in (a) a Series 2007-1 Cash Trapping Percentage for the First Full Step-Down Release Event QCP that is lower than the Series 2007-1 Cash Trapping Percentage
that was in effect for the Full Step-Down Release Event Preceding QCP and (b) a Series 2007-1 Cash 
  

 34 

 Trapping Percentage for the Second Full Step-Down Release Event QCP that is less than the Series 2007-1 Cash Trapping
Percentage that was in effect for the Full Step-Down Release Event Preceding QCP; provided that a Series 2007-1 Full Step-Down Cash Trapping Release Event will not occur on any Quarterly Payment Date on which a Rapid Amortization Period is in
effect. 
 “Series 2007-1 Global Notes” means, collectively, the Regulation S Global Notes and the Restricted Global Notes.

 “Series 2007-1 Insurer Expenses” means Insurer Expenses owing to any Series 2007-1 Class A Insurer pursuant to the
terms of the Series 2007-1 Class A Insurance Agreement. For purposes of the Indenture, the “Series 2007-1 Insurer Expenses” shall be deemed to be “Insurer Expenses.” 
 “Series 2007-1 Insurer Premiums” means “Series 2007-1 Class A Insurer Premium” as such term is defined in the Series
2007-1 Insurance Agreement. For purposes of the Indenture, the “Series 2007­1 Insurer Premiums” shall be deemed to be “Insurer Premiums”; provided, however, that for purposes of determining each “Accrued
Insurer Premiums Amount” under the Base Indenture, the “Series 2007-1 Class A-1 Quarterly Insurer Premiums” shall be deemed to be “Insurer Premiums” with respect to the Series 2007-1 Class A-1 Notes in lieu of the
amount of Used Premium and Unused Premium included with respect thereto in the term “Series 2007-1 Class A Insurer Premium” as such term is defined in the Series 2007-1 Insurance Agreement. 
 “Series 2007-1 Insurer Reimbursements” means “Insurer Reimbursements” as such term is defined in the Series 2007-1
Class A Insurance Agreement. For purposes of the Indenture, the “Series 2007-1 Insurer Reimbursements” shall be deemed to be “Insurer Reimbursements”. 
 “Series 2007-1 Legal Final Maturity Date” means April 27, 2037. For purposes of the Indenture, the “Series 2007-1 Legal Final
Maturity Date” shall be deemed to be a “Series Legal Final Maturity Date.” 
 “Series 2007-1 Make-Whole Premium
Calculation Date” has the meaning set forth in Section 3.7(f) of the Series 2007-1 Supplement. 
 “Series 2007-1
Make-Whole Prepayment Premium” means the Series 2007-1 Class A-2 Make-Whole Prepayment Premium or the Series 2007-1 Class M-1 Make-Whole Prepayment Premium, as applicable. 
 “Series 2007-1 Noteholders” means, collectively, the Series 2007-1 Senior Noteholders and the Series 2007-1 Subordinated Noteholders.

 “Series 2007-1 Note Owner” means, with respect to a Series 2007-1 Note that is a Book-Entry Note, the Person who is the
beneficial owner of such Book-Entry Note, as reflected on the books of the Clearing Agency that holds such Book-Entry Note, or on the books of a Person maintaining an account with such Clearing Agency (directly or as an indirect participant, in
accordance with the rules of such Clearing Agency). 
  

 35 

 “Series 2007-1 Notes” means, collectively, the Series 2007-1 Senior Notes and the Series
2007-1 Subordinated Notes. 
 “Series 2007-1 Outstanding Principal Amount” means, with respect to any date, the sum of the
Series 2007-1 Class A-1 Outstanding Principal Amount, plus the Series 2007-1 Class A-2 Outstanding Principal Amount, plus the Series 2007-1 Class M-1 Outstanding Principal Amount. 
 “Series 2007-1 Partial Step-Down Cash Trapping Reduced Amount” means, with respect to any Series 2007-1 Partial Step-Down Cash Trapping
Release Event that occurs during, at the end of or immediately following the end of any Series 2007-1 Cash Trapping Period, the amount that would have been deposited in the Cash Trap Reserve Account during such Series 2007-1 Cash Trapping Period
(before the occurrence of such Series 2007-1 Partial Step-Down Cash Trapping Release Event) if the Quarterly DSCR giving rise to such Series 2007-1 Partial Step-Down Cash Trapping Release Event had been in effect during the duration of such Series
2007-1 Cash Trapping Period (before the occurrence of such Series 2007-1 Partial Step-Down Cash Trapping Release Event). 
 “Series
2007-1 Partial Step-Down Cash Trapping Release Amount” means, with respect to any Series 2007-1 Partial Step-Down Cash Trapping Release Event, 50% of the difference between (a) the aggregate amount then on deposit in the Cash Trap
Reserve Account with respect to the Series 2007-1 Notes, minus (b) Series 2007-1 Partial Step-Down Cash Trapping Reduced Amount. Any Series 2007-1 Partial Step-Down Cash Trapping Release Amount that is to be calculated on or for a
Quarterly Collection Period for which a Series 2007-1 Full Step-Down Cash Trapping Release Amount is also to be calculated, shall be calculated after giving effect to the calculation of such Series 2007-1 Full Step-Down Cash Trapping Release Amount.
For purposes of the Indenture, each Series 2007-1 Partial Step-Down Cash Trapping Release Amount shall be deemed to be a “Cash Trapping Release Amount.” 
 “Series 2007-1 Partial Step-Down Cash Trapping Release Event” means, with respect to any Quarterly Collection Period (the “Partial Step-Down Release Event QCP”), an increase in the
Quarterly DSCR with respect to the Partial Step-Down Release Event QCP (as compared to Quarterly Collection Period immediately preceding the Partial Step-Down Release Event QCP (the “Partial Step-Down Release Event Preceding QCP”))
that results in a Series 2007-1 Cash Trapping Percentage for the Partial Step-Down Release Event QCP that is lower than the Series 2007-1 Cash Trapping Percentage that was in effect for the Partial Step-Down Release Event Preceding QCP;
provided that a Series 2007-1 Partial Step-Down Cash Trapping Release Event will not occur on any Quarterly Payment on which a Rapid Amortization Period is in effect. For the avoidance of doubt, a Series 2007-1 Partial Step-Down Cash Trapping
Release Event may occur concurrently with a Series 2007-1 Full Step-Down Cash Trapping Release Event. Any Series 2007-1 Partial Step-Down Cash Trapping Release Event that occurs with respect 
  

 36 

 to the same Quarterly Collection Period as a Series 2007-1 Full Step-Down Cash Trapping Release Event will be deemed to
occur after such Series 2007-1 Full Step-Down Cash Trapping Release Event. 
 “Series 2007-1 Prepayment” has the meaning set
forth in Section 3.7(f) of the Series 2007-1 Supplement. 
 “Series 2007-1 Prepayment Amount” has the meaning
set forth in Section 3.7(f) of the Series 2007-1 Supplement. 
 “Series 2007-1 Prepayment Date” has the meaning
set forth in Section 3.7(f) of the Series 2007-1 Supplement. 
 “Series 2007-1 Second Extended Anticipated Repayment
Date” has the meaning set forth in Section 3.7(b)(ii) of the Series 2007-1 Supplement. 
 “Series 2007-1
Second Extension Election” has the meaning set forth in Section 3.7(b)(ii) of the Series 2007-1 Supplement. 
 “Series 2007-1 Second Extension Period” means, if the Series 2007-1 Second Extension Election has been made and become effective, the period from the Series 2007-1 First Extended Anticipated Repayment Date to the Series
2007-1 Second Extended Anticipated Repayment Date. 
 “Series 2007-1 Securities Intermediary” has the meaning set forth in
Section 3.11(a) of the Series 2007-1 Supplement. 
 “Series 2007-1 Senior Noteholders” means, collectively, the
Series 2007-1 Class A-1 Noteholders and the Series 2007-1 Class A-2 Noteholders. 
 “Series 2007-1 Senior Notes”
means, collectively, the Series 2007-1 Class A-1 Notes and the Series 2007-1 Class A-2 Notes. 
 “Series 2007-1 Senior
Notes Interest Reserve Account Deficiency” means, when used with respect to any date, that on such date the Series 2007-1 Senior Notes Interest Reserve Amount exceeds the Series 2007-1 Available Senior Notes Interest Reserve Account
Amount. 
 “Series 2007-1 Senior Notes Interest Reserve Account Deficit Amount” means, on any Weekly Allocation Date with
respect to a Quarterly Collection Period, the amount, if any, by which (a) the Series 2007-1 Senior Notes Interest Reserve Amount exceeds (b) the Series 2007-1 Available Senior Notes Interest Reserve Account Amount on such date;
provided, however, with respect to any Weekly Allocation Date that occurs during the Quarterly Collection Period immediately preceding the Series 2007-1 Final Payment Date or the Series 2007-1 Legal Final Maturity Date, the Series
2007-1 Senior Notes Interest Reserve Account Deficit Amount shall be zero. 
  

 37 

 “Series 2007-1 Senior Notes Interest Reserve Amount” means (a) for any Weekly
Allocation Date with respect to a Quarterly Collection Period that occurs during a Series 2007-1 Senior Notes Interest Reserve Step-Down Period, an amount equal to the sum of (i) one-third of the Series 2007-1 Debt Service Amount (excluding all
Series 2007-1 Class A-1 Quarterly Insured Interest that would otherwise be included therein) due, in the aggregate, on the next Quarterly Payment Date, plus (ii) the product of (x) the Series 2007-1 Class A-1 Interest
Reserve Daily Calculation Amount for such Quarterly Collection Period, multiplied by (y) 31, and (b) for any other Weekly Allocation Date with respect to a Quarterly Collection Period, the amount equal to the sum of (i) the
Series 2007-1 Debt Service Amount (excluding all Series 2007-1 Class A-1 Quarterly Insured Interest that would otherwise be included therein) due, in the aggregate, on the next Quarterly Payment Date, plus (ii) the product of
(x) the Series 2007-1 Class A-1 Interest Reserve Daily Calculation Amount for such Quarterly Collection Period, multiplied by (y) 92; provided, however, that with respect to any Weekly Allocation Date that occurs during the
first Quarterly Collection Period after the Series 2007-1 Closing Date, the Series 2007-1 Senior Notes Interest Reserve Amount will equal $26,405,556. 
 “Series 2007-1 Senior Interest Reserve Step-Down Date” means the Weekly Allocation Date immediately following any Quarterly Payment Date on which a Series 2007-1 Senior Notes Interest Reserve
Step-Down Event occurs. 
 “Series 2007-1 Senior Notes Interest Reserve Step-Down Event” means any Quarterly Payment Date on
which the Quarterly DSCR for (a) such Quarterly Payment Date (without giving effect to any Retained Collections Contributions made on or before such Quarterly Payment Date) and (b) the immediately preceding Quarterly Payment Date is equal
to or greater than 2.7; provided that no Event of Default or Rapid Amortization Event has occurred and is continuing on such Quarterly Payment Date. 
 “Series 2007-1 Senior Notes Interest Reserve Step-Down Period” means a period commencing on and including any Series 2007-1 Senior Notes Interest Reserve Step-Down Date and ending on but excluding the
Weekly Allocation Date immediately following the earliest of (x) the next succeeding Quarterly Payment Date on which the Quarterly DSCR for such Quarterly Payment Date is less than 2.7, (y) the occurrence of an Event or Default and
(z) the occurrence of a Rapid Amortization Event. 
 “Series 2007-1 Senior Notes Interest Reserve Step-Down Release
Amount” means, when used with respect to any date, an amount equal to the positive difference, if any, of (a) the Series 2007-1 Available Senior Notes Interest Reserve Account Amount minus (b) the Series 2007-1 Senior
Notes Interest Reserve Amount on such date. 
 “Series 2007-1 Subordinated Noteholders” means the Series 2007-1
Class M-1 Noteholders. 
 “Series 2007-1 Subordinated Notes” means the Series 2007-1 Class M-1 Notes. 

 

 38 

 “Series 2007-1 Supplement” means the Series 2007-1 Supplement, dated as of the Series
2007-1 Closing Date by and among the Co-Issuers and the Trustee, as amended, supplemented or otherwise modified from time to time. 
 “Series 2007-1 Supplemental Definitions List” has the meaning set forth in Article I of the Series 2007-1 Supplement. 
 “Series 2007-1 Weekly Extension Principal Prepayment” means, with respect to each Weekly Allocation Date during each of the Series 2007-1 Extension Periods, (a) if the One-Year DSCR (without
giving credit for any Retained Collections Contributions), in the case of the Series 2007-1 First Extension Period, for the Quarterly Payment Date occurring on April 25, 2012, and in the case of the Series 2007-1 Second Extension
Period, for the Quarterly Payment Date occurring on April 25, 2013, is greater than or equal to 2.50 and less than or equal to 2.75, 37.5% of the Applicable Residual Amount on such Weekly Allocation Date; and (b) if the One-Year DSCR
(without giving credit for any Retained Collections Contributions), in the case of the Series 2007-1 First Extension Period, for the Quarterly Payment Date occurring on April 25, 2012, and in the case of Series 2007-1 Second Extension
Period, for the Quarterly Payment Date occurring on April 25, 2013, is greater than 2.75 and less than 3.00, 25% of the Applicable Residual Amount on such Weekly Allocation Date. For purposes of the Indenture, a “Series 2007-1 Weekly
Extension Principal Prepayment” shall be deemed to be a “Weekly Extension Principal Prepayment”. 
 “Similar
Law” means any federal, state, local, non-U.S. or other laws or regulations governing the investment of governmental plans, certain church plans, and foreign plans, not subject to ERISA or the provisions of Section 4975 of the Code,
and the conduct of the fiduciaries of such plans. 
 “Specified Rating Agencies” means any of Standard &
Poor’s, Moody’s or Fitch, as applicable. 
 “STAMP” has the meaning set forth in Section 4.4(a) of the
Series 2007-1 Supplement. 
 “Subfacility Decrease” has the meaning set forth in Section 2.2(d) of the Series
2007-1 Supplement. 
 “Subfacility Increase” has the meaning set forth in Section 2.1(b) of the Series 2007-1
Supplement. 
 “Swap Rate” means, when used with respect to any Business Day for any tenor, the mid-market swap rate for
such tenor appearing on page 19901 of the Telerate Service (or any successor service or, if such service or successor service is not available, a substitute rate, which will be the median of three quoted rates determined by the Trustee requesting at
the expense of the Co-Issuers substitute rate quotes from three broker dealers of nationally recognized standing) on such Business Day, adjusted for quarterly compounding. 
  

 39 

 “Swingline Commitment” means the obligation of the Swingline Lender to make Swingline
Loans pursuant to Section 2.06 of the Series 2007-1 Class A-1 Note Purchase Agreement in an aggregate principal amount at any one time outstanding not to exceed $40,000,000, as such amount may be reduced or increased pursuant to
Section 2.06(h) of the Series 2007-1 Class A-1 Note Purchase Agreement or reduced pursuant to Section 2.05(b) of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Swingline Lender” means Lehman Commercial Paper Inc., in its capacity as maker of Swingline Loans, and its permitted successors and
assigns in such capacity. 
 “Swingline Loan Request” has the meaning set forth in Section 2.6 of the Series
2007-1 Class A-1 Note Purchase Agreement. 
 “Swingline Loans” has the meaning set forth in Section 2.06(a)
of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Swingline Participation Amount” has the meaning set forth
in Section 2.06(e) of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Ten-Year Swap Rate” means,
when used with respect to any Business Day, the mid-market ten-year swap rate appearing on page 19901 of the Telerate Service (or any successor service or, if such service or successor service is not available, a substitute rate, which will be the
median of three quoted rates determined by the Trustee requesting at the expense of the Co-Issuers substitute rate quotes from three broker dealers of nationally recognized standing) on such Business Day, adjusted for quarterly compounding.

 “Three-Month LIBOR” means, for any Interest Period, the London interbank offered rate for Eurodollar deposits for three
months which appears on the display designated as page 3750 on the Telerate Service (or such other page as may replace page 3750 on that service for the purpose of displaying London interbank offered rates of major banks, or if such service is no
longer offered, such other service for displaying LIBOR or comparable rates as may be selected by the Trustee) as of 11:00 a.m., London time, on the second Eurodollar Business Day prior to the first day of such Interest Period. If such rate does not
appear on such page of any such service, the rate will be determined on the basis of the rates at which deposits in U.S. Dollars are offered by the reference banks (which will be three major banks that are engaged in transactions in the London
interbank market, selected by the Trustee) as of 11:00 a.m., London time, on the second Eurodollar Business Day prior to the first day of such Interest Period to prime banks in the London interbank market for a period of three month in amounts
approximately equal to the principal amount of the relevant Class of Notes then outstanding. The Trustee will request the principal London office of each of the reference banks to provide a quotation of its rate. If at least two such quotations
are provided, the rate will be the arithmetic mean of the quotations. If on such date fewer than two quotations are provided as requested, the rate will be the arithmetic mean of the rates quoted by two or more major banks in New York City,
selected by the Trustee, as of 11:00 a.m., New York City time, on such date for loans in U.S. Dollars to leading 
  

 40 

 European banks for a period of three month in amounts approximately equal to the principal amount of the relevant
Class of Notes then outstanding. If no such quotations can be obtained, the rate will be the Three-Month LIBOR for the prior Interest Period. 
 “Undrawn Commitment Fees” has the meaning set forth in Section 3.02 of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 “Undrawn Commitment Fees Rate” has the meaning set forth in the Series 2007-1 Class A-1 VFN Fee Letter. 
 “Undrawn L/C Face Amounts” means, at any time, the aggregate then undrawn and unexpired face amount (as determined in accordance with Section 2.07(i) of the Series 2007-1
Class A-1 Note Purchase Agreement for any Permitted Foreign Currency Letter of Credit) of any Letters of Credit outstanding at such time. 
 “Unreimbursed L/C Drawings” means, at any time, the aggregate amount of any L/C Reimbursement Amounts that have not then been reimbursed pursuant to Section 2.08 of the Series 2007-1 Class A-1 Note Purchase
Agreement. 
 “Unrestricted Global Notes” has the meaning set forth in Sections 4.2(b) or 4.3(b), as
applicable of the Series 2007-1 Supplement. 
 “Unused Premium” has the meaning set forth in the Series 2007-1 Class A
Insurance Agreement. 
 “Unused Premium Rate” has the meaning set forth in the Series 2007-1 Class A Insurance
Agreement. 
 “Used Premium” has the meaning set forth in the Series 2007-1 Class A Insurance Agreement. 
 “Used Premium Rate” has the meaning set forth in the Series 2007-1 Class A Insurance Agreement. 
 “U.S. Person” has the meaning set forth in Section 4.2 of the Series 2007-1 Supplement. 
 “U.S. Resident” has the meaning set forth in Section 4.2 of the Series 2007-1 Supplement. 
 “Voluntary Decrease” has the meaning set forth in Section 2.2(b) of the Series 2007-1 Supplement. 
  

 41Class A-1 Note Purchase Agreement dated as of 4-16-2007

 Exhibit 10.3 
  

 CLASS A-1 NOTE PURCHASE AGREEMENT 
 (SERIES 2007-1 VARIABLE FUNDING SENIOR NOTES, CLASS A-1) 
 dated as of April 16,
2007 
 among 
 DOMINO’S
PIZZA MASTER ISSUER LLC, 
 DOMINO’S IP HOLDER LLC, 
 DOMINO’S PIZZA DISTRIBUTION LLC and 
 DOMINO’S SPV CANADIAN HOLDING COMPANY INC., 
 each as Co-Issuer, 
 DOMINO’S PIZZA LLC,

 as Master Servicer, 
 CERTAIN
CONDUIT INVESTORS, 
 CERTAIN FINANCIAL INSTITUTIONS, 
 each as a Committed Note Purchaser, 
 CERTAIN FUNDING AGENTS, 
 JPMORGAN CHASE BANK, N. A., 
 as L/C Provider,

 LEHMAN COMMERCIAL PAPER INC., 
 as Swingline Lender, 
 and 
 LEHMAN COMMERCIAL PAPER INC., 
 as Administrative Agent 
  

 TABLE OF CONTENTS 
  

			
	 ARTICLE I DEFINITIONS
	  	2
		
	 SECTION 1.01 Definitions
	  	2
		
	 ARTICLE II PURCHASE AND SALE OF CLASS A-1 NOTES
	  	2
		
	 SECTION 2.01 The Initial Advance Note Purchase
	  	2
	 SECTION 2.02 Advances
	  	3
	 SECTION 2.03 Borrowing Procedures
	  	4
	 SECTION 2.04 The Series 2007-1 Class A-1 Notes
	  	6
	 SECTION 2.05 Reduction in Commitments
	  	6
	 SECTION 2.06 Swingline Commitment
	  	9
	 SECTION 2.07 L/C Commitment
	  	13
	 SECTION 2.08 L/C Reimbursement Obligations
	  	16
	 SECTION 2.09 L/C Participations
	  	19
		
	 ARTICLE III INTEREST AND FEES
	  	20
		
	 SECTION 3.01 Interest
	  	20
	 SECTION 3.02 Fees
	  	22
	 SECTION 3.03 Eurodollar Lending Unlawful
	  	22
	 SECTION 3.04 Deposits Unavailable
	  	23
	 SECTION 3.05 Increased Costs, etc.
	  	23
	 SECTION 3.06 Funding Losses
	  	23
	 SECTION 3.07 Increased Capital Costs
	  	24
	 SECTION 3.08 Taxes
	  	25
	 SECTION 3.09 Change of Lending Office
	  	27
		
	 ARTICLE IV OTHER PAYMENT TERMS
	  	27
		
	 SECTION 4.01 Time and Method of Payment
	  	27
	 SECTION 4.02 Order of Distributions
	  	28
	 SECTION 4.03 L/C Cash Collateral
	  	28
		
	 ARTICLE V THE ADMINISTRATIVE AGENT AND THE FUNDING AGENTS
	  	29
		
	 SECTION 5.01 Authorization and Action of the Administrative Agent
	  	29
	 SECTION 5.02 Delegation of Duties
	  	29
	 SECTION 5.03 Exculpatory Provisions
	  	30
	 SECTION 5.04 Reliance
	  	30
	 SECTION 5.05 Non-Reliance on the Administrative Agent and Other Purchasers
	  	30
	 SECTION 5.06 The Administrative Agent in its Individual Capacity
	  	31
	 SECTION 5.07 Successor Administrative Agent
	  	31
	 SECTION 5.08 Authorization and Action of Funding Agents
	  	31
	 SECTION 5.09 Delegation of Duties
	  	32
	 SECTION 5.10 Exculpatory Provisions
	  	32
	 SECTION 5.11 Reliance
	  	33

			
	 SECTION 5.12 Non-Reliance on the Funding Agent and Other Purchasers
	  	33
	 SECTION 5.13 The Funding Agent in its Individual Capacity
	  	33
	 SECTION 5.14 Successor Funding Agent
	  	33
		
	 ARTICLE VI REPRESENTATIONS AND WARRANTIES
	  	34
		
	 SECTION 6.01 The Co-Issuers
	  	34
	 SECTION 6.02 Master Servicer
	  	35
	 SECTION 6.03 Lender Parties
	  	35
		
	 ARTICLE VII CONDITIONS
	  	37
		
	 SECTION 7.01 Conditions to Purchase and Effectiveness
	  	37
	 SECTION 7.02 Conditions to Initial Extensions of Credit
	  	37
	 SECTION 7.03 Conditions to Each Extension of Credit
	  	38
		
	 ARTICLE VIII COVENANTS
	  	39
		
	 SECTION 8.01 Covenants
	  	39
		
	 ARTICLE IX MISCELLANEOUS PROVISIONS
	  	41
		
	 SECTION 9.01 Amendments
	  	41
	 SECTION 9.02 No Waiver; Remedies
	  	42
	 SECTION 9.03 Binding on Successors and Assigns
	  	42
	 SECTION 9.04 Survival of Agreement
	  	43
	 SECTION 9.05 Payment of Costs and Expenses; Indemnification
	  	43
	 SECTION 9.06 Characterization as Related Document; Entire Agreement
	  	46
	 SECTION 9.07 Notices
	  	46
	 SECTION 9.08 Severability of Provisions
	  	47
	 SECTION 9.09 Tax Characterization
	  	47
	 SECTION 9.10 No Proceedings; Limited Recourse
	  	47
	 SECTION 9.11 Confidentiality
	  	48
	 SECTION 9.12 GOVERNING LAW
	  	49
	 SECTION 9.13 JURISDICTION
	  	49
	 SECTION 9.14 WAIVER OF JURY TRIAL
	  	49
	 SECTION 9.15 Counterparts
	  	50
	 SECTION 9.16 Third Party Beneficiary
	  	50
	 SECTION 9.17 Assignment
	  	50

  

 ii 

 SCHEDULES AND EXHIBITS 
  

			
	SCHEDULE I	  	Investor Groups and Commitments
	SCHEDULE II	  	Notice Addresses for Lender Parties and Agents
	SCHEDULE III	  	Additional Closing Conditions
		
	EXHIBIT A	  	Form of Advance Request
	EXHIBIT A-1	  	Form of Swingline Loan Request
	EXHIBIT B	  	Form of Assignment and Assumption Agreement
	EXHIBIT C	  	Form of Investor Group Supplement

  

 iii 

 CLASS A-1 NOTE PURCHASE AGREEMENT 
 THIS CLASS A-1 NOTE PURCHASE AGREEMENT, dated as of April 16, 2007 (as amended, supplemented, restated or otherwise modified from time to time in
accordance with the terms hereof, this “Agreement”), is made by and among: 
 (a) DOMINO’S PIZZA MASTER ISSUER LLC, a
Delaware limited liability company (the “Master Issuer”), DOMINO’S IP HOLDER LLC, a Delaware limited liability company (the “IP Holder”), DOMINO’S PIZZA DISTRIBUTION LLC, a Delaware limited liability
company (the “Domestic Distributor”), and DOMINO’S SPV CANADIAN HOLDING COMPANY INC., a Delaware corporation (the “SPV Canadian Holdco” and together with the Master Issuer, the IP Holder and the Domestic
Distributor, collectively, the “Co-Issuers” and each, a “Co-Issuer”), 
 (b) DOMINO’S PIZZA LLC, a
Michigan limited liability company (“DPL” or the “Master Servicer”), 
 (c) the several commercial paper
conduits listed on Schedule I as Conduit Investors and their respective permitted successors and assigns (each, a “Conduit Investor” and, collectively, the “Conduit Investors”), 
 (d) the several financial institutions listed on Schedule I as Committed Note Purchasers and their respective permitted successors and assigns
(each, a “Committed Note Purchaser” and, collectively, the “Committed Note Purchasers”), 
 (e) for each
Investor Group, the financial institution entitled to act on behalf of the Investor Group set forth opposite the name of such Investor Group on Schedule I as Funding Agent and its permitted successors and assigns (each, the “Funding
Agent” with respect to such Investor Group and, collectively, the “Funding Agents”), 
 (f) JPMORGAN CHASE BANK, N.
A., as L/C Provider, 
 (g) LEHMAN COMMERCIAL PAPER INC., as Swingline Lender, and 
 (h) LEHMAN COMMERCIAL PAPER INC., in its capacity as administrative agent for the Conduit Investors, the Committed Note Purchasers, the Funding Agents,
the L/C Provider and the Swingline Lender (together with its permitted successors and assigns in such capacity, the “Administrative Agent” or the “Series 2007-1 Class A-1 Administrative Agent”). 
 BACKGROUND 
 1. Contemporaneously with the
execution and delivery of this Agreement, the Co-Issuers and Citibank, N.A., as Trustee, are entering into the Series 2007-1 Supplement, of even date herewith (as the same may be amended, supplemented, 

 
restated or otherwise modified from time to time in accordance with the terms thereof, the “Series 2007-1 Supplement”), to the Base
Indenture, of even date herewith (as the same may be amended, supplemented, restated or otherwise modified from time to time in accordance with the terms thereof, exclusive of any Series Supplement, the “Base Indenture” and,
together with the Series 2007-1 Supplement and any other Series Supplement, the “Indenture”), among the Co-Issuers and the Trustee, pursuant to which the Co-Issuers will issue Series 2007-1 Class A-1 Notes (as defined in the
Series 2007-1 Supplement). 
 2. The Co-Issuers wish to (a) issue the Series 2007-1 Class A-1 Advance Notes to each Funding Agent
on behalf of the Investors in the related Investor Group, and obtain the agreement of the applicable Investors to make loans from time to time (each, an “Advance” or a “Series 2007-1 Class A-1 Advance” and,
collectively, the “Advances” or the “Series 2007-1 Class A-1 Advances”) that will constitute the purchase of Series 2007-1 Class A-1 Outstanding Principal Amounts on the terms and conditions set forth in
this Agreement; (b) issue the Series 2007-1 Class A-1 Swingline Note to the Swingline Lender and obtain the agreement of the Swingline Lender to make Swingline Loans on the terms and conditions set forth in this Agreement; and
(c) issue the Series 2007-1 Class A-1 L/C Note to the L/C Provider and obtain the agreement of the L/C Provider to provide Letters of Credit on the terms and conditions set forth in this Agreement. DPL has joined in this Agreement to
confirm certain representations, warranties and covenants made by it for the benefit of each Lender Party. 
 ARTICLE I 
 DEFINITIONS 
 SECTION 1.01 Definitions.
As used in this Agreement and unless the context requires a different meaning, capitalized terms used but not defined herein (including the preamble and the recitals hereto) shall have the meanings assigned to such terms in the Series 2007-1
Supplemental Definitions List attached to the Series 2007-1 Supplement as Annex A or in the Base Indenture Definitions List attached to the Base Indenture as Annex A, as applicable. Unless otherwise specified herein, all Article,
Exhibit, Section or Subsection references herein shall refer to Articles, Exhibits, Sections or Subsections of this Agreement. 
 ARTICLE II

 PURCHASE AND SALE OF CLASS A-1 NOTES 
 SECTION 2.01 The Initial Advance Note Purchase. On the terms and conditions set forth in the Indenture and this Agreement, and in reliance on the covenants, representations and agreements set forth herein and therein, the Co-Issuers
shall issue and shall cause the Trustee to authenticate the initial Series 2007-1 Class A-1 Advance Notes, which the Co-Issuers shall deliver to each Funding Agent on behalf of the Investors in the related Investor Group on the Series 2007-1
Closing Date. Such initial Series 2007-1 Class A-1 Advance Note for each Investor Group shall be dated the Series 2007-1 Closing Date, shall be registered in the name of the related Funding Agent or its nominee, as agent for the related
Investors, or in such other name as such Funding Agent may 

  

 2 

 
request, shall have a maximum principal amount equal to the Maximum Investor Group Principal Amount for such Investor Group, shall have an initial
outstanding principal amount equal to such Investor Group’s Commitment Percentage of the Series 2007-1 Class A-1 Initial Advance Principal Amount, and shall be duly authenticated in accordance with the provisions of the Indenture.

 SECTION 2.02 Advances. (a) Subject to the terms and conditions of this Agreement and the Indenture, each Eligible Conduit
Investor, if any, may and, if such Conduit Investor determines that it will not make (or it does not in fact make) an Advance or any portion of an Advance, its related Committed Note Purchaser(s) shall or, if there is no Eligible Conduit Investor
with respect to any Investor Group, the Committed Note Purchaser with respect to such Investor Group shall, upon the Co-Issuers’ request delivered in accordance with the provisions of Section 2.03 and the satisfaction of all
conditions precedent thereto (or under the circumstances set forth in Section 2.05, 2.06 or 2.08), make Advances from time to time during the Commitment Term; provided that such Advances shall be made ratably by each
Investor Group based on their respective Commitment Percentages and the portion of any such Advance made by any Committed Note Purchaser in such Investor Group shall be its Committed Note Purchaser Percentage of the Advances to be made by such
Investor Group (or the portion thereof not being made by any Conduit Investor in such Investor Group); provided further that no Advance shall be required or permitted to be made by any Investor on any date if, after giving effect to
such Advance, (i) the related Investor Group Principal Amount would exceed the related Maximum Investor Group Principal Amount or (ii) the Series 2007-1 Class A-1 Outstanding Principal Amount would exceed the Series 2007-1
Class A-1 Maximum Principal Amount. 
 (b) Notwithstanding anything herein or in any other Related Document to the contrary, at no time
will a Conduit Investor be obligated to make Advances hereunder. If at any time any Conduit Investor is not an Eligible Conduit Investor, (i) such Conduit Investor shall promptly notify the Administrative Agent (who shall promptly notify the
related Funding Agent and the Co-Issuers) thereof, and (ii) the Co-Issuers shall have the right, exercisable upon three Business Days’ prior written notice to the Administrative Agent (who shall promptly notify the related Funding Agent),
to require such Conduit Investor to transfer all of its then-outstanding CP Advances to its related Committed Note Purchaser(s) or, at such Committed Note Purchaser’s option, to another permitted transferee in accordance with
Section 9.03 or 9.17, as applicable. From and after the date of such transfer, such Advances shall bear interest at the Base Rate or the Eurodollar Rate, as applicable, in accordance with the second sentence of
Section 3.01(a). 
 (c) Each of the Advances to be made on any date shall be made as part of a single borrowing (each such single
borrowing being a “Borrowing”). The Advances made as part of the initial Borrowing on the Series 2007-1 Closing Date will be evidenced by the Series 2007-1 Class A-1 Advance Notes issued in connection herewith and will
constitute purchases of Series 2007-1 Class A-1 Initial Advance Principal Amounts corresponding to the amount of such Advances. All of the other Advances will constitute Increases evidenced by the Series 2007-1 Class A-1 Advance Notes
issued in connection herewith and will constitute purchases of Series 2007-1 Class A-1 Outstanding Principal Amounts corresponding to the amount of such Advances. 
  

 3 

 (d) Section 2.2(b) of the Series 2007-1 Supplement specifies the procedures to be followed in
connection with any Voluntary Decrease of the Series 2007-1 Class A-1 Outstanding Principal Amount. Each such Voluntary Decrease in respect of any Advances shall be in an aggregate minimum principal amount of $500,000 and integral multiples of
$100,000 in excess thereof. 
 (e) Subject to the terms of this Agreement and the Series 2007-1 Supplement, the aggregate principal amount of
the Advances evidenced by the Series 2007-1 Class A-1 Advance Notes may be increased by Borrowings or decreased by Voluntary Decreases from time to time. 
 SECTION 2.03 Borrowing Procedures. 
 (a) Whenever the Co-Issuers wish a Borrowing to be made, the
Co-Issuers shall (or shall cause the Master Servicer to) notify the Administrative Agent (who shall promptly notify each Funding Agent of its pro rata share thereof and notify the Trustee, the Series 2007-1 Class A Insurers, the
Swingline Lender and the L/C Provider in writing of such Borrowing) upon irrevocable written notice in the form of an Advance Request delivered to the Administrative Agent no later than 12:00 p.m. (New York time) on the Business Day (or, in the case
of any Eurodollar Advances for purposes of Section 3.01(b), on the third Business Day) prior to the date of Borrowing, which date of Borrowing shall be a Business Day during the Commitment Term. Each such notice shall be irrevocable and
shall in each case refer to this Agreement and specify (i) the Borrowing date, (ii) the aggregate amount of the requested Borrowing to be made on such date, (iii) the amount of outstanding Swingline Loans and Unreimbursed L/C Drawings
to be repaid with the proceeds of such Borrowing on the Borrowing date, which amount shall constitute all outstanding Swingline Loans and Unreimbursed L/C Drawings outstanding on the date of such notice, and (iv) sufficient instructions for
application of the balance, if any, of the proceeds of such Borrowing on the Borrowing date. Requests for any Borrowing may not be made in an aggregate principal amount of less than $1,000,000 or in an aggregate principal amount which is not an
integral multiple of $500,000 in excess thereof (except as otherwise provided herein with respect to Borrowings for the purpose of repaying then outstanding Swingline Loans or Unreimbursed L/C Drawings). The Co-Issuers agree to cause requests for
Borrowings to be made upon notice of any drawing under a Letter of Credit, and in any event at least one time every three Business Days if any Swingline Loans or Unreimbursed L/C Drawings are outstanding, in amounts at least sufficient to repay in
full all Swingline Loans and Unreimbursed L/C Drawings outstanding on the date of the applicable request. Each Borrowing shall be ratably allocated among the Investor Groups’ respective Maximum Investor Group Principal Amounts. Each Funding
Agent shall promptly advise its related Conduit Investor, if any, of any notice given pursuant to this Section 2.03(a) and shall promptly thereafter (but in no event later than 11:00 a.m. (New York time) on the date of Borrowing) notify
the Administrative Agent, the Co-Issuers and the related Committed Note Purchaser(s) whether such Conduit Investor has determined to 

  

 4 

 
make all or any portion of the Advances in such Borrowing that are to be made by its Investor Group. On the date of each Borrowing and subject to the other
conditions set forth herein and in the Series 2007-1 Supplement (and, if requested by the Administrative Agent, confirmation from the Swingline Lender and the L/C Provider, as applicable, as to (x) the amount of outstanding Swingline Loans and
Unreimbursed L/C Drawings to be repaid with the proceeds of such Borrowing on the Borrowing date, (y) the Undrawn L/C Face Amount of all Letters of Credit then outstanding and (z) the principal amount of any other Swingline Loans or
Unreimbursed L/C Drawings then outstanding), the applicable Investors in each Investor Group shall make available to the Administrative Agent the amount of the Advances in such Borrowing that are to be made by such Investor Group by wire transfer in
U.S. Dollars of such amount in same day funds no later than 3:00 p.m. (New York time) on the date of such Borrowing, and upon receipt thereof the Administrative Agent shall immediately make such proceeds available, first, to the Swingline
Lender and the L/C Provider for application to repayment of the amount of outstanding Swingline Loans and Unreimbursed L/C Drawings as set forth in the applicable Advance Request, ratably in proportion to such respective amounts, and, second,
to the Co-Issuers as instructed in the applicable Advance Request. 
 (b) The failure of any Committed Note Purchaser to make the Advance to
be made by it as part of any Borrowing shall not relieve any other Committed Note Purchaser (whether or not in the same Investor Group) of its obligation, if any, hereunder to make its Advance on the date of such Borrowing, but no Committed Note
Purchaser shall be responsible for the failure of any other Committed Note Purchaser to make the Advance to be made by such other Committed Note Purchaser on the date of any Borrowing. 
 (c) Unless the Administrative Agent shall have received notice from a Funding Agent prior to the date of any Borrowing that an applicable Investor in the
related Investor Group will not make available to the Administrative Agent such Investor’s share of the Advances to be made by such Investor Group as part of such Borrowing, the Administrative Agent may (but shall not be obligated to) assume
that such Investor has made such share available to the Administrative Agent on the date of such Borrowing in accordance with Section 2.02(a) and the Administrative Agent may (but shall not be obligated to), in reliance upon such
assumption, make available to the Swingline Lender, the L/C Provider and/or the Co-Issuers, as applicable, on such date a corresponding amount, and shall, if such corresponding amount has not been made available by the Administrative Agent, make
available to the Swingline Lender, the L/C Provider and/or the Co-Issuers, as applicable, on such date a corresponding amount once such Investor has made such portion available to the Administrative Agent. If and to the extent that any Investor
shall not have so made such amount available to the Administrative Agent, such Investor and the Co-Issuers jointly and severally agree to repay (without duplication) to the Administrative Agent forthwith on demand such corresponding amount, together
with interest thereon, for each day from the date such amount is made available to the Swingline Lender, the L/C Provider and/or the Co-Issuers, as applicable, until the date such amount is repaid to the Administrative Agent, at (i) in the case
of the Co-Issuers, the interest rate applicable at the time to the Advances comprising such Borrowing and (ii) in the case of such Investor, the Federal Funds Rate 

  

 5 

 
and without deduction by such Investor for any withholding taxes. If such Investor shall repay to the Administrative Agent such corresponding amount, such
amount so repaid shall constitute such Investor’s Advance as part of such Borrowing for purposes of this Agreement. 
 SECTION 2.04
The Series 2007-1 Class A-1 Notes. On each date an Advance or Swingline Loan is funded or a Letter of Credit is issued hereunder, and on each date the outstanding amount thereof is reduced, a duly authorized officer, employee or agent of
the related Series 2007-1 Class A-1 Noteholder shall make appropriate notations in its books and records of the amount, evidenced by the related Series 2007-1 Class A-1 Advance Note, of such Advance, Swingline Loan or Letter of Credit and
the amount of such reduction, as applicable. The Co-Issuers hereby authorize each duly authorized officer, employee and agent of such Series 2007-1 Class A-1 Noteholder to make such notations on the books and records as aforesaid and every such
notation made in accordance with the foregoing authority shall be prima facie evidence of the accuracy of the information so recorded; provided, however, that in the event of a discrepancy between the books and records of such Series
2007-1 Class A-1 Noteholder and the records maintained by the Trustee pursuant to the Indenture, such discrepancy shall be resolved by such Series 2007-1 Class A-1 Noteholder, the Series 2007-1 Class A Lead Insurer and the Trustee,
and such resolution shall control in the absence of manifest error; provided further that the failure of any such notation to be made, or any finding that a notation is incorrect, in any such records shall not limit or otherwise affect
the obligations of the Co-Issuers under this Agreement or the Indenture. 
 SECTION 2.05 Reduction in Commitments. 
 (a) The Co-Issuers may, upon three Business Days’ notice to the Administrative Agent (who shall promptly notify the Trustee, each Funding Agent and
each Investor), effect a permanent reduction in the Series 2007-1 Class A-1 Maximum Principal Amount and a corresponding reduction in each Commitment Amount and Maximum Investor Group Principal Amount on a pro rata basis;
provided that (i) any such reduction will be limited to the undrawn portion of the Commitments, although any such reduction may be combined with a Voluntary Decrease effected pursuant to and in accordance with Section 2.2(b) of the
Series 2007-1 Supplement, (ii) any such reduction must be in a minimum amount of $10,000,000, (iii) after giving effect to such reduction, the Series 2007-1 Class A-1 Maximum Principal Amount equals or exceeds $50,000,000, unless
reduced to zero, and (iv) no such reduction shall be permitted if, after giving effect thereto, (x) the aggregate Commitment Amounts would be less than the Series 2007-1 Class A-1 Outstanding Principal Amount (excluding any Undrawn
L/C Face Amounts with respect to which cash collateral is held by the L/C Provider pursuant to Section 4.03) or (y) the aggregate Commitment Amounts would be less than the sum of the Swingline Commitment and the L/C Commitment. Any
reduction made pursuant to this Section 2.05(a) shall be made ratably among the Investor Groups on the basis of their respective Maximum Investor Group Principal Amounts. 
 (b) If any of the following events shall occur, then the Commitments shall be automatically and permanently reduced on the dates and in the amounts set
forth 

  

 6 

 
below with respect to the applicable event and the other consequences set forth below with respect to the applicable event shall ensue (and the Co-Issuers
shall give the Trustee, the Series 2007-1 Class A Lead Insurer and the Administrative Agent prompt written notice thereof): 
 (i) (A) on the Business Day immediately preceding the Series 2007-1 Adjusted Repayment Date, (x) the principal amount of all then-outstanding Swingline Loans and Unreimbursed L/C Drawings shall be repaid in full with proceeds of
Advances made on such date (and the Co-Issuers agree to deliver such Advance Requests under Section 2.03 as may be necessary to cause such Advances to be made), and (y) the Swingline Commitment and the L/C Commitment shall both be
automatically and permanently reduced to zero; (B) on the Series 2007-1 Adjusted Repayment Date, (x) all undrawn portions of the Commitments shall automatically and permanently terminate (all Undrawn L/C Face Amounts having expired by
their terms prior to such date), and (y) the corresponding portions of the Series 2007-1 Class A-1 Maximum Principal Amount, the Commitment Amounts and the Maximum Investor Group Principal Amounts shall be automatically and permanently
reduced by a corresponding amount; and (C) each payment of principal on the Series 2007-1 Class A-1 Outstanding Principal Amount occurring on or after the Series 2007-1 Adjusted Repayment Date shall result automatically and permanently in
a dollar-for-dollar reduction of the Series 2007-1 Class A-1 Maximum Principal Amount and a corresponding reduction in each Commitment Amount and Maximum Investor Group Principal Amount on a pro rata basis; 
 (ii) if a Rapid Amortization Event occurs prior to the Series 2007-1 Adjusted Repayment Date, then (A) on the date such Rapid
Amortization Event occurs, (x) all portions of the Commitments in excess of the Series 2007-1 Class A-1 Outstanding Principal Amount (excluding any Undrawn L/C Face Amounts to the extent cash collateral is held with respect thereto by the
L/C Provider pursuant to Section 4.03) shall automatically and permanently terminate, (y) the corresponding portions of the Series 2007-1 Class A-1 Maximum Principal Amount, the Commitment Amounts and the Maximum Investor Group
Principal Amounts shall be automatically and permanently reduced by a corresponding amount, and (z) the Swingline Commitment and the L/C Commitment shall both be automatically and permanently reduced to zero; (B) no later than the second
Business Day after the occurrence of such Rapid Amortization Event, the principal amount of all then-outstanding Swingline Loans and Unreimbursed L/C Drawings shall be repaid in full with proceeds of Advances (and the Co-Issuers agree to deliver
such Advance Requests under Section 2.03 as may be necessary to cause such Advances to be made); and (C) each payment of principal on the Series 2007-1 Class A-1 Outstanding Principal Amount occurring on or after the date of
such Rapid Amortization Event (excluding the repayment of any outstanding Swingline Loans and Unreimbursed L/C Obligations with proceeds of Advances pursuant to clause (B) above but including payments that are used to cash collateralize
any Undrawn L/C Face Amounts) shall result automatically and permanently in a dollar-for-dollar reduction of the Series 2007-1 Class A-1 Maximum Principal Amount and a corresponding reduction in each Commitment Amount and Maximum Investor Group
Principal Amount on a pro rata basis; 
  

 7 

 (iii) if a Change of Control occurs (unless the Control Party has provided its prior
written consent thereto), then (A) on the date such Change of Control occurs, (x) all portions of the Commitments in excess of the Series 2007-1 Class A-1 Outstanding Principal Amount (excluding any Undrawn L/C Face Amounts to the
extent cash collateral is held with respect thereto by the L/C Provider pursuant to Section 4.03) shall automatically and permanently terminate, (y) the corresponding portions of the Series 2007-1 Class A-1 Maximum Principal
Amount, the Commitment Amounts and the Maximum Investor Group Principal Amounts shall be automatically and permanently reduced by a corresponding amount, and (z) the Swingline Commitment and the L/C Commitment shall both be automatically and
permanently reduced to zero; (B) if the Series 2007-1 Prepayment Date specified in the applicable Prepayment Notice is scheduled to occur more than two Business Days after such occurrence, then no later than the second Business Day after the
occurrence of such Change of Control, the principal amount of all then-outstanding Swingline Loans and Unreimbursed L/C Drawings shall be repaid in full with proceeds of Advances (and the Co-Issuers agree to deliver such Advance Requests under
Section 2.03 as may be necessary to cause such Advances to be made); and (C) on the Series 2007-1 Prepayment Date specified in the applicable Prepayment Notice, (x) the Series 2007-1 Class A-1 Maximum Principal Amount, the
Commitment Amounts and the Maximum Investor Group Principal Amounts shall all be automatically and permanently reduced to zero, and (y) the Co-Issuers shall cause the Series 2007-1 Class A-1 Outstanding Principal Amount to be paid in full
(or, in the case of any then-outstanding Undrawn L/C Face Amounts, to be fully cash collateralized pursuant to Sections 4.02 and 4.03), together with accrued interest and fees and all other amounts then due and payable to the Lender
Parties, the Administrative Agent and the Funding Agents under this Agreement and the other Related Documents; 
 (iv) if
Series 2007-1 Weekly Extension Principal Prepayments or Indemnification Payments are allocated to and deposited in the applicable Series Distribution Account for the Series 2007-1 Notes in accordance with Section 3.7(c)(ii) or
Section 3.7(i) of the Series Supplement at a time when no Class A Senior Notes other than Class A-1 Senior Notes are Outstanding, (x) the aggregate amount of the Commitments shall be automatically and permanently reduced on the
date of such deposit by an amount (the “Series 2007-1 Class A-1 Allocated Payment Reduction Amount”) equal to the product of (A) the portion, if any, of such Series 2007-1 Weekly Extension Principal Prepayments or
Indemnification Payments remaining after depositing the applicable portion thereof in the applicable Series Distribution Accounts for all Classes of Class A Senior Notes other than any Class A-1 Senior Notes and (B) the percentage
that the then-outstanding amount of the Commitments bears to the aggregate amount of all then-outstanding commitments to extend credit in respect of all Class A-1 Senior Notes; (y) the corresponding portions of the Series 2007-1
Class A-1 Maximum Principal Amount, the Commitment Amounts and the Maximum 

  

 8 

 
Investor Group Principal Amounts shall be automatically and permanently reduced by a corresponding amount on such date (and, if after giving effect to such
reduction the aggregate Commitment Amounts would be less than the sum of the Swingline Commitment and the L/C Commitment, then the aggregate amount of the Swingline Commitment and the L/C Commitment shall be reduced by the amount of such difference,
with such reduction to be allocated between them in accordance with the written instructions of the Co-Issuers delivered prior to such date; provided that after giving effect thereto the aggregate amount of the Swingline Loans and the L/C
Obligations do not exceed the Swingline Commitment and the L/C Commitment, respectively, as so reduced; provided further that in the absence of such instructions, such reduction shall be allocated first to the Swingline Commitment and
then to the L/C Commitment); and (z) the Series 2007-1 Class A-1 Outstanding Principal Amount shall be repaid or prepaid in an aggregate amount equal to such Series 2007-1 Class A-1 Allocated Payment Reduction Amount on the date and
in the order required by such Section 3.7(c)(ii) or Section 3.7(i), as applicable, of the Series 2007-1 Supplement; and 
 (v) if any Event of Default shall occur and be continuing (and shall not have been waived in accordance with the Base Indenture) and as a result the payment of the Series 2007-1 Class A-1 Notes is accelerated pursuant to
Section 9.2 of the Base Indenture (and such acceleration shall not have been rescinded in accordance with the Base Indenture), then in addition to the consequences set forth in clause (ii) above in respect of the Rapid Amortization
Event resulting from such Event of Default, the Series 2007-1 Class A-1 Maximum Principal Amount, the Commitment Amounts and the Maximum Investor Group Principal Amounts shall all be automatically and permanently reduced to zero upon such
acceleration and the Co-Issuers shall immediately cause the Series 2007-1 Class A-1 Outstanding Principal Amount to be paid in full (or, in the case of any then-outstanding Undrawn L/C Face Amounts, to be fully cash collateralized pursuant to
Sections 4.02 and 4.03), together with accrued interest and fees and all other amounts then due and payable to the Lender Parties, the Administrative Agent and the Funding Agents under this Agreement and the other Related Documents.

 SECTION 2.06 Swingline Commitment. 
 (a) On the terms and conditions set forth in the Indenture and this Agreement, and in reliance on the covenants, representations and agreements set forth herein and therein, the Co-Issuers shall issue and shall cause
the Trustee to authenticate the initial Series 2007-1 Class A-1 Swingline Note which the Co-Issuers shall deliver to the Swingline Lender on the Series 2007-1 Closing Date. Such initial Series 2007-1 Class A-1 Swingline Note shall be dated
the Series 2007-1 Closing Date, shall be registered in the name of the Swingline Lender or its nominee, or in such other name as the Swingline Lender may request, shall have a maximum principal amount equal to the Swingline Commitment, shall have an
initial outstanding principal amount equal to the Series 2007-1 Class A-1 Initial Swingline Principal Amount, and shall be duly authenticated in accordance with the provisions of the Indenture. Subject to the terms and conditions hereof, the
Swingline Lender, in reliance on the agreements of the 

  

 9 

 
Committed Note Purchasers set forth in this Section 2.06, agrees to make swingline loans (each, a “Swingline Loan” or a
“Series 2007-1 Class A-1 Swingline Loan” and, collectively, the “Swingline Loans” or the “Series 2007-1 Class A-1 Swingline Loans”) to the Co-Issuers from time to time during the period
commencing on the Series 2007-1 Closing Date and ending on the date that is two Business Days prior to the Commitment Termination Date; provided that the Swingline Lender shall have no obligation or right to make any Swingline Loan if, after
giving effect thereto, (i) the aggregate principal amount of Swingline Loans outstanding would exceed the Swingline Commitment then in effect (notwithstanding that the Swingline Loans outstanding at any time, when aggregated with the Swingline
Lender’s other outstanding Advances hereunder, may exceed the Swingline Commitment then in effect) or (ii) the Series 2007-1 Class A-1 Outstanding Principal Amount would exceed the Series 2007-1 Class A-1 Maximum Principal
Amount. Each such borrowing of a Swingline Loan will constitute a Subfacility Increase in the outstanding principal amount evidenced by the Series 2007-1 Class A-1 Swingline Note in an amount corresponding to such borrowing. Subject to the
terms of this Agreement and the Series 2007-1 Supplement, the outstanding principal amount evidenced by the Series 2007-1 Class A-1 Swingline Note may be increased by borrowings of Swingline Loans or decreased by payments of principal thereon
from time to time. 
 (b) Whenever the Co-Issuers desire that the Swingline Lender make Swingline Loans they shall (or shall cause the Master
Servicer to) give the Swingline Lender and the Administrative Agent irrevocable notice in writing not later than 12:00 p.m. (New York time) on the proposed borrowing date, specifying (i) the amount to be borrowed, (ii) the
requested borrowing date (which shall be a Business Day during the Commitment Term not later than the date that is two Business Days prior to the Commitment Termination Date) and (iii) the payment instructions for the proceeds of such borrowing
(which shall be consistent with the terms and provisions of this Agreement and the Indenture). Such notice shall be in the form of a Swingline Advance Request in the form attached hereto as Exhibit A-1 hereto (a “Swingline Loan
Request”). Promptly upon receipt of any Swingline Loan Request (but in no event later than 1:00 p.m. on the date of such receipt), the Swingline Lender shall promptly notify the Administrative Agent, the Trustee and the Series 2007-1
Class A Insurers thereof in writing. Each borrowing under the Swingline Commitment shall be in a minimum amount equal to $100,000. Promptly upon receipt of any Swingline Loan Request (but in no event later than 2:30 p.m. on the date of
such receipt), the Administrative Agent (based, with respect to any portion of the Series 2007-1 Class A-1 Outstanding Subfacility Amount held by any Person other than the Administrative Agent, solely on written notices received by the
Administrative Agent under this Agreement) will inform the Swingline Lender whether or not, after giving effect to the requested Swingline Loan, the Series 2007-1 Class A-1 Outstanding Principal Amount would exceed the Series 2007-1
Class A-1 Maximum Principal Amount. If the Administrative Agent confirms that the Series 2007-1 Class A-1 Outstanding Principal Amount would not exceed the Series 2007-1 Class A-1 Maximum Principal Amount after giving effect to the
requested Swingline Loan, then not later than 3:00 p.m. (New York time) on the borrowing date specified in the Swingline Loan Request, subject to the other conditions set forth herein and in the Series 2007-1 Supplement, the Swingline Lender shall
make available to the Co-Issuers in accordance with the payment instructions set forth in such notice an amount in immediately available funds equal to the amount of the requested Swingline Loan. 
  

 10 

 (c) The Co-Issuers hereby agree that each Swingline Loan made by the Swingline Lender to the Co-Issuers
pursuant to Section 2.06(a) shall constitute the promise and obligation of the Co-Issuers jointly and severally to pay to the Swingline Lender the aggregate unpaid principal amount of all Swingline Loans made by such Swingline Lender
pursuant to Section 2.06(a), which amounts shall be due and payable (whether at maturity or by acceleration) as set forth in the Indenture for Series 2007-1 Class A-1 Outstanding Principal Amount. 
 (d) The Swingline Lender, at any time and from time to time in its sole and absolute discretion, may, on behalf of the Co-Issuers (which hereby
irrevocably direct the Swingline Lender to act on their behalf), on one Business Day’s notice given by the Swingline Lender to the Administrative Agent (who shall promptly notify each Funding Agent of its pro rata share thereof
and shall notify the Trustee and the Series 2007-1 Class A Lead Insurer of such borrowing in writing) no later than 12:00 p.m. (New York time), request each Investor Group to make, and the applicable Investors in each Investor
Group hereby agree to make Advances in an aggregate amount for each Investor Group equal to such Investor Group’s Commitment Percentage of the aggregate amount of the Swingline Loans (the “Refunded Swingline Loans”) outstanding
on the date of such notice, to repay the Swingline Lender. Such Investors shall make the amount of such Advances available to the Administrative Agent in immediately available funds not later than 10:00 a.m. (New York time) one
Business Day after the date of such notice and the proceeds of such Advances shall be immediately made available by the Administrative Agent to the Swingline Lender for application by the Swingline Lender to the repayment of the Refunded Swingline
Loans; provided that after giving effect thereto, (i) the related Investor Group Principal Amount would not exceed the related Maximum Investor Group Principal Amount and (ii) the Series 2007-1 Class A-1 Outstanding Principal
Amount would not exceed the Series 2007-1 Class A-1 Maximum Principal Amount. 
 (e) If prior to the time Advances would have otherwise
been made pursuant to Section 2.06(d), an Event of Bankruptcy shall have occurred and be continuing with respect to any Co-Issuer or Guarantor or if for any other reason, as determined by the Swingline Lender in its sole and absolute
discretion, Advances may not be made as contemplated by Section 2.06(d), each Committed Note Purchaser shall, on the date such Advances were to have been made pursuant to the notice referred to in Section 2.06(d) (the
“Refunding Date”), purchase for cash an undivided participating interest in the then outstanding Swingline Loans by paying to the Swingline Lender an amount (the “Swingline Participation Amount”) equal to
(i) its Committed Note Purchaser Percentage of the related Investor Group’s Commitment Percentage times (ii) the sum of the aggregate principal amount of Swingline Loans then outstanding that were to have been repaid with such
Advances. 
 (f) Whenever, at any time after the Swingline Lender has received from any Investor such Investor’s Swingline Participation
Amount, the Swingline Lender 

  

 11 

 
receives any payment on account of the Swingline Loans, the Swingline Lender will distribute to such Investor its Swingline Participation Amount
(appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Investor’s participating interest was outstanding and funded and, in the case of principal and interest payments, to reflect such
Investor’s pro rata portion of such payment if such payment is not sufficient to pay the principal of and interest on all Swingline Loans then due); provided, however, that in the event that such payment received by
the Swingline Lender is required to be returned, such Investor will return to the Swingline Lender any portion thereof previously distributed to it by the Swingline Lender. 
 (g) Each applicable Investor’s obligation to make the Advances referred to in Section 2.06(d) and each Committed Note Purchaser’s
obligation to purchase participating interests pursuant to Section 2.06(e) shall be absolute and unconditional and shall not be affected by any circumstance, including (i) any setoff, counterclaim, recoupment, defense or other right
that such Investor, Committed Note Purchaser or the Co-Issuers may have against the Swingline Lender, the Co-Issuers or any other Person for any reason whatsoever; (ii) the occurrence or continuance of a Default or an Event of Default or the
failure to satisfy any of the other conditions specified in Article VII other than at the time the related Swingline Loan was made; (iii) any adverse change in the condition (financial or otherwise) of the Co-Issuers; (iv) any
breach of this Agreement or any other Indenture Document by any Co-Issuer or any other Person; or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. 
 (h) The Co-Issuers may, upon three Business Days’ notice to the Administrative Agent and the Swingline Lender, effect a permanent reduction in the
Swingline Commitment; provided that any such reduction will be limited to the undrawn portion of the Swingline Commitment. If requested by the Co-Issuers in writing and with the prior written consent of the Administrative Agent, the Swingline
Lender may (but shall not be obligated to) increase the amount of the Swingline Commitment; provided that, after giving effect thereto, the aggregate amount of the Swingline Commitment and the L/C Commitment does not exceed the aggregate
amount of the Commitments. 
 (i) The Co-Issuers may, upon notice to the Swingline Lender (who shall promptly notify the Administrative Agent
and the Trustee thereof in writing), at any time and from time to time, voluntarily prepay Swingline Loans in whole or in part without premium or penalty; provided that (x) such notice must be received by the Swingline Lender not later
than 1:00 p.m. (New York time) on the date of the prepayment, and (y) any such prepayment shall be in a minimum principal amount of $100,000 or a whole multiple of $100,000 in excess thereof or, if less, the entire principal amount thereof then
outstanding. Each such notice shall specify the date and amount of such prepayment. If such notice is given, the Co-Issuers shall make such prepayment directly to the Swingline Lender and the payment amount specified in such notice shall be due and
payable on the date specified therein. 
  

 12 

 SECTION 2.07 L/C Commitment. 
 (a) Subject to the terms and conditions hereof, the L/C Provider, in reliance on the agreements of the Committed Note Purchasers set forth in
Sections 2.08 and 2.09, agrees to provide standby letters of credit (each, a “Letter of Credit” and, collectively, the “Letters of Credit”) for the account of the Co-Issuers on any Business Day
during the period commencing on the Series 2007-1 Closing Date and ending on the date that is seven Business Days prior to the Commitment Termination Date to be issued in accordance with Section 2.07(h) in such form as may be approved
from time to time by the L/C Provider; provided that the L/C Provider shall have no obligation or right to provide any Letter of Credit if, after giving effect to such issuance, (i) the L/C Obligations would exceed the L/C Commitment or
(ii) the Series 2007-1 Class A-1 Outstanding Principal Amount would exceed the Series 2007-1 Class A-1 Maximum Principal Amount. Each Letter of Credit shall (x) be denominated in Dollars (except to the extent provided in
Section 2.07(i) with respect to any Permitted Foreign Currency Letter of Credit), (y) have a face amount of at least $100,000 (unless otherwise agreed by the L/C Provider) and (z) expire no later than the earlier of
(A) the first anniversary of its date of issuance and (B) the date that is seven Business Days prior to the Commitment Termination Date; provided that any Letter of Credit may provide for the renewal thereof for additional periods
not to exceed one year (which shall in no event extend beyond the date referred to in clause (B) above). The L/C Provider shall not at any time be obligated to (I) provide any Letter of Credit hereunder if such issuance would
conflict with, or cause any L/C Issuing Bank to exceed any limits imposed by, any applicable Requirement of Law or (II) amend any Letter of Credit hereunder if (1) the L/C Provider would have no obligation at such time to issue such Letter of
Credit in its amended form under the terms hereof or (2) the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit. 
 (b) On the terms and conditions set forth in the Indenture and this Agreement, and in reliance on the covenants, representations and agreements set forth herein and therein, the Co-Issuers shall issue and shall cause
the Trustee to authenticate the initial Series 2007-1 Class A-1 L/C Note which the Co-Issuers shall deliver to the L/C Provider on the Series 2007-1 Closing Date. Such initial Series 2007-1 Class A-1 L/C Note shall be dated the Series
2007-1 Closing Date, shall be registered in the name of the L/C Provider or its nominee, or in such other name as the L/C Provider may request, shall have a maximum principal amount equal to the L/C Commitment, shall have an initial outstanding
principal amount equal to the Series 2007-1 Class A-1 Initial Aggregate Undrawn L/C Face Amount, and shall be duly authenticated in accordance with the provisions of the Indenture. Each issuance of a Letter of Credit after the Series 2007-1
Closing Date will constitute a Subfacility Increase in the outstanding principal amount evidenced by the Series 2007-1 Class A-1 L/C Note in an amount corresponding to the Undrawn L/C Face Amount of such Letter of Credit. All L/C Obligations
(whether in respect of Undrawn L/C Face Amounts or Unreimbursed L/C Drawings) shall be deemed to be principal outstanding under the Series 2007-1 Class A-1 L/C Note for all purposes of this Agreement, the Indenture and the other Related
Documents other than, in the case of Undrawn L/C Face Amounts, for purposes of accrual of interest. Any payment of such principal in respect of Undrawn L/C Face Amounts shall be deposited into a cash 

  

 13 

 
collateral account as provided in Sections 4.02 and 4.03. Subject to the terms of this Agreement and the Series 2007-1 Supplement, the
outstanding principal amount evidenced by the Series 2007-1 Class A-1 L/C Note may be increased by issuances of Letters of Credit or decreased by expirations thereof or payments of drawings thereunder or other circumstances resulting in the
permanent reduction in any Undrawn L/C Face Amounts from time to time. The L/C Provider and the Co-Issuers agree to promptly notify the Administrative Agent and the Trustee of any such decreases for which notice to the Administrative Agent is not
otherwise provided hereunder. 
 (c) The Co-Issuers may from time to time request that the L/C Provider provide a Letter of Credit by
delivering to the L/C Provider at its address for notices specified herein an Application therefor (in the form required by the applicable L/C Issuing Bank as notified to the Co-Issuers by the L/C Provider), completed to the satisfaction of the L/C
Provider, and such other certificates, documents and other papers and information as the L/C Provider may request on behalf of the L/C Issuing Bank. Upon receipt of any completed Application, the L/C Provider will notify the Administrative Agent and
the Trustee in writing of the amount, the beneficiary and the requested expiration of the requested Letter of Credit (which shall comply with Section 2.07(a)) and, for any Permitted Foreign Currency Letter of Credit, its Permitted L/C
Dollar Cap, and subject to the other conditions set forth herein and in the Series 2007-1 Supplement and upon receipt of confirmation from the Administrative Agent (based, with respect to any portion of the Series 2007-1 Class A-1 Outstanding
Subfacility Amount held by any Person other than the Administrative Agent, solely on written notices received by the Administrative Agent under this Agreement) that after giving effect to the requested issuance, the Series 2007-1 Class A-1
Outstanding Principal Amount would not exceed the Series 2007-1 Class A-1 Maximum Principal Amount, the L/C Provider will cause such Application to be processed and the certificates, documents and other papers and information delivered in
connection therewith in accordance with the L/C Issuing Bank’s customary procedures and shall promptly provide the Letter of Credit requested thereby (but in no event shall the L/C Provider be required to provide any Letter of Credit earlier
than three Business Days after its receipt of the Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as
otherwise may be agreed to by the L/C Provider and the Co-Issuers. The L/C Provider shall furnish a copy of such Letter of Credit to the Master Servicer (with a copy to the Administrative Agent) promptly following the issuance thereof. The L/C
Provider shall promptly furnish to the Administrative Agent, which shall in turn promptly furnish to the Funding Agents, the Investors, the Trustee and the Series 2007-1 Class A Insurers, written notice of the issuance of each Letter of Credit
(including the amount thereof and, for any Permitted Foreign Currency Letter of Credit, its Permitted L/C Dollar Cap). 
 (d) The Co-Issuers
shall jointly and severally pay fees (the “L/C Quarterly Insured Fees”) with respect to each Letter of Credit at a per annum rate equal to the L/C Quarterly Insured Fees Rate calculated on the daily maximum amount then available to
be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit) during the applicable Interest

  

 14 

 
Period, shared ratably among the Committed Note Purchasers and payable in arrears on each Quarterly Payment Date in accordance with the applicable provisions
of the Indenture. In addition, under the circumstances set forth in Section 3.4 of the Series 2007-1 Supplement, the Co-Issuers shall jointly and severally pay contingent additional fees in respect of the outstanding Letters of Credit in an
amount equal to the Series 2007-1 Class A-1 Quarterly Contingent Additional L/C Fees payable pursuant to such Section 3.4 and shared ratably among the Committed Note Purchasers. 
 (e) In addition, the Co-Issuers shall jointly and severally pay to or reimburse the L/C Provider for the following amounts for the account of the
applicable L/C Issuing Bank: (i) fronting fees (the “L/C Fronting Fees”) with respect to each Letter of Credit issued by it at a per annum rate equal to the L/C Fronting Fees Rate calculated on the daily maximum amount then
available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit) during the applicable
Interest Period, payable in arrears on each Quarterly Payment Date in accordance with the applicable provisions of the Indenture, and (ii) such normal and customary costs and expenses as are incurred or charged by the L/C Issuing Bank in
issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit and separately charged to account parties (the “L/C Additional Charges”). Subject to the Priority of Payments, the L/C
Additional Charges are due and payable within ten (10) Business Days of demand and are nonrefundable. 
 (f) To the extent that any
provision of any Application related to any Letter of Credit is inconsistent with the provisions of this Article II, the provisions of this Article II shall apply. 
 (g) The Co-Issuers may, upon three Business Days’ notice to the Administrative Agent and the L/C Provider, effect a permanent reduction in the L/C
Commitment; provided that any such reduction will be limited to the unused portion of the L/C Commitment. If requested by the Co-Issuers in writing and with the prior written consent of the Administrative Agent, the L/C Provider may (but
shall not be obligated to) increase the amount of the L/C Commitment; provided further that, after giving effect thereto, the aggregate amount of the Swingline Commitment and the L/C Commitment does not exceed the aggregate amount of
the Commitments. 
 (h) The L/C Provider shall have the right to satisfy its obligations under this Section 2.07 with respect to
providing any Letter of Credit hereunder either by issuing such Letter of Credit itself or by causing another Person selected by the L/C Provider to issue such Letter of Credit (the L/C Provider in its capacity as the issuer of such Letter of Credit
or such other Person selected by the L/C Provider being referred to as the “L/C Issuing Bank”); provided that the L/C Issuing Bank is a U.S. commercial bank that has, at the time of such issuance, (i) a short-term
certificate of deposit rating of not less than “P-1” from Moody’s and “A-1” from S&P and (ii) a long-term unsecured debt rating of not less than “Aa1” from Moody’s and “A+” from S&P.

  

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 (i) No Letter of Credit shall be denominated in any currency other than Dollars unless all of the
following conditions have been met (any such Letter of Credit meeting all such conditions being referred to herein as a “Permitted Foreign Currency Letter of Credit”): 
 (i) The foreign currency in which such Letter of Credit is denominated shall be acceptable to the L/C Provider in its sole discretion;

 (ii) The Application for such Letter of Credit shall set forth a maximum amount denominated in Dollars for such Letter of
Credit (the “Permitted L/C Dollar Cap”); 
 (iii) For purposes of determining whether the conditions to issuance set
forth in Section 2.07(c)(i) or (ii) shall have been met, the Undrawn L/C Face Amount of such Letter of Credit on the date of its issuance shall be deemed to equal its Permitted L/C Dollar Cap; and 
 (iv) By the terms of such Letter of Credit, the L/C Issuing Bank shall not be obligated to make any payment of any draft thereunder in a
Dollar Equivalent Amount greater than the excess, if any, of (x) the Permitted L/C Dollar Cap for such Letter of Credit over (y) the Dollar Equivalent Amount of any other drafts previously presented thereunder. 
 For all purposes of this Agreement and the other Related Documents (including, without limitation, for purposes of determining the Outstanding Principal Amount of any
Series 2007-1 Class A-1 L/C Note, the amount of any L/C Monthly Insured Fees or L/C Fronting Fees, or the Series 2007-1 Class A-1 Outstanding Principal Amount), (x) the Undrawn L/C Face Amount of any Permitted Foreign Currency Letter
of Credit shall be deemed to equal its Permitted L/C Dollar Cap at all times from and after the date of its issuance unless and until a draft is presented to and paid by the L/C Issuing Bank thereunder, and (y) on any date from and after the
date on which any draft is presented to and paid by the L/C Issuing Bank thereunder until the Reimbursement Obligations arising from all such drafts are reimbursed in full by the Co-Issuers (through the proceeds of Advances pursuant to
Section 2.08(a) or otherwise), the Undrawn L/C Face Amount of such Letter of Credit shall be deemed to equal the excess, if any, of (A) the Permitted L/C Dollar Cap of such Letter of Credit over (B) the aggregate of the Dollar
Equivalent Amounts of all drafts presented and paid under such Letter of Credit on or before such date. 
 SECTION 2.08 L/C Reimbursement
Obligations. 
 (a) For the purpose of reimbursing the payment of any draft presented under any Letter of Credit, the Co-Issuers jointly
and severally agree to pay the L/C Provider for its own account (if it has already reimbursed the applicable L/C Issuing Bank for the payment of such draft) or for the account of the L/C Issuing Bank, as applicable, on the Business Day after the
Business Day on which the L/C Provider notifies the Co-Issuers and the Administrative Agent by 10:00 a.m. (New York time) (or, on the second Business Day after the Business Day on which the L/C Provider notifies 

  

 16 

 
the Co-Issuers and the Administrative Agent after 10:00 a.m. (New York time)) (and in each case the Administrative Agent shall promptly notify the Funding
Agents) of the date and amount of such draft an amount in Dollars equal to the sum of (i) the amount of such draft so paid (the “L/C Reimbursement Amount”; provided that, in the case of any draft presented under a
Permitted Foreign Currency Letter of Credit, the “L/C Reimbursement Amount” shall instead be the lesser of (x) the Dollar Equivalent Amount thereof and (y) the excess, if any, of (A) the Permitted L/C Dollar Cap for such
Letter of Credit over (B) any previously notified L/C Reimbursement Amounts in respect of such Letter of Credit) and (ii) any taxes, fees, charges or other costs or expenses (collectively, the “L/C Other Reimbursement
Costs”) incurred by the L/C Issuing Bank in connection with such payment. Each drawing under any Letter of Credit shall (unless an Event of Bankruptcy shall have occurred and be continuing with respect to any Co-Issuer or Guarantor, in
which cases the procedures specified in Section 2.09 for funding by Committed Note Purchasers shall apply) constitute a request by the Co-Issuers to the Administrative Agent and each Funding Agent for a Borrowing pursuant to
Section 2.02 in the amount of the applicable L/C Reimbursement Amount, and the Co-Issuers agree to make such request pursuant to the procedures set forth in Section 2.03. The applicable Investors in each Investor Group hereby
agree to make Advances in an aggregate amount for each Investor Group equal to such Investor Group’s Commitment Percentage of the L/C Reimbursement Amount to pay the L/C Provider. The Borrowing date with respect to such Borrowing shall be the
first date on which a Borrowing could be made pursuant to Section 2.02 if the Administrative Agent had received a notice of such Borrowing at the time the Administrative Agent receives notice from the L/C Provider of such drawing under
such Letter of Credit. Such Investors shall make the amount of such Advances available to the Administrative Agent in immediately available funds not later than 3:00 p.m. (New York time) on such Borrowing date and the proceeds of such
Advances shall be immediately made available by the Administrative Agent to the L/C Provider for application to the reimbursement of such drawing; provided that after giving effect thereto, (i) the related Investor Group Principal Amount
would not exceed the related Maximum Investor Group Principal Amount and (ii) the Series 2007-1 Class A-1 Outstanding Principal Amount would not exceed the Series 2007-1 Class A-1 Maximum Principal Amount. 
 (b) The Co-Issuers’ obligations under Section 2.08(a) shall be absolute and unconditional, and shall be performed strictly in accordance
with the terms of this Agreement, under any and all circumstances and irrespective of (i) any setoff, counterclaim or defense to payment that the Co-Issuers may have or have had against the L/C Provider, the L/C Issuing Bank, any beneficiary of
a Letter of Credit or any other Person, (ii) any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein, (iii) payment by the L/C Issuing Bank under a Letter of Credit against
presentation of a draft or other document that does not comply with the terms of such Letter of Credit, (iv) payment by the L/C Issuing Bank under a Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession,
assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under the Bankruptcy Code or
any other liquidation, conservatorship, assignment for the benefit of creditors, 

  

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moratorium, rearrangement, receivership, insolvency, reorganization or similar debtor relief laws of any jurisdictions or (v) any other event or
circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, any Co-Issuer’s obligations
hereunder. The Co-Issuers also agree that the L/C Provider and the L/C Issuing Bank shall not be responsible for, and the Co-Issuers’ Reimbursement Obligations under Section 2.08(a) shall not be affected by, among other things, the
validity or genuineness of documents or of any endorsements thereon, even though such documents shall in fact prove to be invalid, fraudulent or forged, or any dispute between or among the Co-Issuers and any beneficiary of any Letter of Credit or
any other party to which such Letter of Credit may be transferred or any claims whatsoever of the Co-Issuers against any beneficiary of such Letter of Credit or any such transferee. Neither the L/C Provider nor the L/C Issuing Bank shall be liable
for any error, omission, interruption, loss or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection with any Letter of Credit, except for direct damages (as opposed to consequential damages, claims
in respect of which are hereby waived by the Co-Issuers to the extent permitted by applicable law) caused by errors or omissions found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from the gross
negligence or willful misconduct of the L/C Provider or the L/C Issuing Bank, as the case may be. The Co-Issuers agree that any action taken or omitted by the L/C Provider or the L/C Issuing Bank, as the case may be, under or in connection with any
Letter of Credit or the related drafts or documents, if done in the absence of gross negligence or willful misconduct and in accordance with the standards of care specified in the UCC of the State of New York, shall be binding on the Co-Issuers
and shall not result in any liability of the L/C Provider or the L/C Issuing Bank to the Co-Issuers. As between the Co-Issuers and the L/C Issuing Bank, the Co-Issuers hereby assume all risks of the acts or omissions of any beneficiary or transferee
with respect to its use of any Letter of Credit. In furtherance of the foregoing and without limiting the generality thereof, the Co-Issuers agree with the L/C Issuing Bank that, with respect to documents presented which appear on their face to be
in substantial compliance with the terms of a Letter of Credit, the L/C Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or
information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 
 (c) If any draft shall be presented for payment under any Letter of Credit, the L/C Provider shall promptly notify the Co-Issuers and the Administrative
Agent of the date and amount thereof (and, in the case of any Permitted Foreign Currency Letter of Credit, the Dollar Equivalent Amount of such draft). The responsibility of the applicable L/C Issuing Bank to the Co-Issuers in connection with any
draft presented for payment under any Letter of Credit shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft) delivered under such Letter of
Credit in connection with such presentment are substantially in conformity with such Letter of Credit and, in paying such draft, such L/C Issuing Bank shall not have any responsibility to obtain any document (other than any sight draft, certificates
and documents expressly required by such Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of any Person(s) executing or delivering any such document. 
  

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 SECTION 2.09 L/C Participations. 
 (a) The L/C Provider irrevocably agrees to grant and hereby grants to each Committed Note Purchaser, and, to induce the L/C Provider to provide Letters of
Credit hereunder (and, if the L/C Provider is not the L/C Issuing Bank for any Letter of Credit, to induce the L/C Provider to agree to reimburse such L/C Issuing Bank for any payment of any drafts presented thereunder), each Committed Note
Purchaser irrevocably and unconditionally agrees to accept and purchase and hereby accepts and purchases from the L/C Provider, on the terms and conditions set forth below, for such Committed Note Purchaser’s own account and risk an undivided
interest equal to its Committed Note Purchaser Percentage of the related Investor Group’s Commitment Percentage of the L/C Provider’s obligations and rights under and in respect of each Letter of Credit provided hereunder and the L/C
Reimbursement Amount with respect to each draft paid or reimbursed by the L/C Provider in connection therewith. Each Committed Note Purchaser unconditionally and irrevocably agrees with the L/C Provider that, if a draft is paid under any Letter of
Credit for which the L/C Provider is not paid in full by the Co-Issuers in accordance with the terms of this Agreement, such Committed Note Purchaser shall pay to the Administrative Agent upon demand of the L/C Provider an amount equal to its
Committed Note Purchaser Percentage of the related Investor Group’s Commitment Percentage of the L/C Reimbursement Amount with respect to such draft, or any part thereof, that is not so paid; provided that after giving effect thereto,
(i) the related Investor Group Principal Amount would not exceed the related Maximum Investor Group Principal Amount and (ii) the Series 2007-1 Class A-1 Outstanding Principal Amount would not exceed the Series 2007-1 Class A-1
Maximum Principal Amount. The Administrative Agent shall promptly forward such amounts to the L/C Provider. 
 (b) If any amount required to
be paid by any Committed Note Purchaser to the Administrative Agent for forwarding to the L/C Provider pursuant to Section 2.09(a) in respect of any unreimbursed portion of any payment made or reimbursed by the L/C Provider under any
Letter of Credit is paid to the Administrative Agent for forwarding to the L/C Provider within three Business Days after the date such payment is due, such Committed Note Purchaser shall pay to the Administrative Agent for forwarding to the L/C
Provider on demand an amount equal to the product of (i) such amount, times (ii) the daily average Federal Funds Rate during the period from and including the date such payment is required to the date on which such payment is immediately
available to the L/C Provider, times (iii) a fraction the numerator of which is the number of days that elapse during such period and the denominator of which is 360. If any such amount required to be paid by any Committed Note Purchaser
pursuant to Section 2.09(a) is not made available to the Administrative Agent for forwarding to the L/C Provider by such Committed Note Purchaser within three Business Days after the date such payment is due, the L/C Provider shall be
entitled to recover from such Committed Note Purchaser, on demand, such amount with interest thereon calculated from such due date at the Base Rate. A certificate of the L/C Provider submitted to any Committed Note Purchaser with respect to any
amounts owing under this Section shall be conclusive in the absence of manifest error. Such amounts payable under this Section 2.09(b) shall be paid without any deduction for any withholding taxes. 
  

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 (c) Whenever, at any time after payment has been made under any Letter of Credit and the L/C Provider has
received from any Committed Note Purchaser its pro rata share of such payment in accordance with Section 2.09(a), the Administrative Agent or the L/C Provider receives any payment related to such Letter of Credit (whether
directly from the Co-Issuers or otherwise, including proceeds of collateral applied thereto by the L/C Provider), or any payment of interest on account thereof, the Administrative Agent or the L/C Provider, as the case may be, will distribute to
such Committed Note Purchaser its pro rata share thereof; provided, however, that in the event that any such payment received by the Administrative Agent or the L/C Provider, as the case may be, shall be required to be
returned by the Administrative Agent or the L/C Provider, such Committed Note Purchaser shall return to the Administrative Agent for the account of the L/C Provider the portion thereof previously distributed by the Administrative Agent or the L/C
Provider, as the case may be, to it. 
 (d) Each Committed Note Purchaser’s obligation to make the Advances referred to in
Section 2.08(a) and to pay its pro rata share of any unreimbursed draft pursuant to Section 2.09(a) shall be absolute and unconditional and shall not be affected by any circumstance, including (i) any
setoff, counterclaim, recoupment, defense or other right that such Committed Note Purchaser or the Co-Issuers may have against the L/C Provider, any L/C Issuing Bank, the Co-Issuers or any other Person for any reason whatsoever; (ii) the
occurrence or continuance of a Default or an Event of Default or the failure to satisfy any of the other conditions specified in Article VII other than at the time the related Letter of Credit was issued; (iii) an adverse change in the
condition (financial or otherwise) of the Co-Issuers; (iv) any breach of this Agreement or any other Indenture Document by any Co-Issuer or any other Person; (v) any amendment, renewal or extension of any Letter of Credit in compliance
with this Agreement or with the terms of such Letter of Credit, as applicable; or (vi) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. 
 ARTICLE III 
 INTEREST AND FEES 
 SECTION 3.01 Interest. 
 (a) Each
Advance funded or maintained by a Conduit Investor through the issuance of Commercial Paper shall bear interest at the CP Rate applicable to such Conduit Investor. Each Advance funded or maintained either by a Conduit Investor through means other
than the issuance of Commercial Paper or by a Committed Note Purchaser or a Program Support Provider shall bear interest at (i) the Base Rate or (ii) if the required notice has been given pursuant to Section 3.01(b) with
respect to such Advance for any Eurodollar Interest Period, the Eurodollar Rate applicable to such Eurodollar Interest Period for such Advance, in each case except as otherwise provided in the definition of Eurodollar Interest Period or in
Section 3.03 or 3.04. By (x) 11:00 a.m. (New York time) on the second Business Day preceding each Accounting Date, each 

  

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Funding Agent shall notify the Administrative Agent of the applicable CP Rate for each Advance made by its Investor Group that was funded or maintained
through the issuance of Commercial Paper and is outstanding during all or any portion of the Interest Period ending immediately prior to such Accounting Date and (y) 3:00 p.m. on such date, the Administrative Agent shall notify the Co-Issuers,
the Master Servicer and the Funding Agents of such applicable CP Rate and of the applicable interest rate for each other Advance for such Interest Period. 
 (b) With respect to any Advance (other than one funded or maintained by a Conduit Investor through the issuance of Commercial Paper), so long no Rapid Amortization Period or Event of Default has commenced and is
continuing, the Co-Issuers may elect that such Advance bear interest at the Eurodollar Rate for any Eurodollar Interest Period while such Advance is outstanding to the extent provided in Section 3.01(a) by giving notice thereof to the
Funding Agents and the Administrative Agent prior to 12:00 p.m. (New York time) on the date which is three Eurodollar Business Days prior to the commencement of such Eurodollar Interest Period. If such notice is not given in a timely manner, such
Advance shall bear interest at the Base Rate. Each such conversion to or continuation of Eurodollar Advances for a new Eurodollar Interest Period in accordance with this Section 3.01(b) shall be in an aggregate principal amount of
$1,000,000 or an integral multiple of $500,000 in excess thereof. 
 (c) Any outstanding Swingline Loans and Unreimbursed L/C Drawings shall
bear interest at the Base Rate. By (x) 11:00 a.m. (New York time) on the second Business Day preceding each Accounting Date, the Swingline Lender shall notify the Administrative Agent in reasonable detail of the amount of interest accrued on
any Swingline Loans during the Interest Period ending on such date and the L/C Provider shall notify the Administrative Agent in reasonable detail of the amount of interest accrued on any Unreimbursed L/C Drawings during such Interest Period and the
amount of fees accrued on any Undrawn L/C Face Amounts during such Interest Period and (y) 3:00 p.m. on such date, the Administrative Agent shall notify the Co-Issuers and the Master Servicer of the amount of such accrued interest and fees as
set forth in such notices. 
 (d) All accrued interest pursuant to Section 3.01(a) or (c) shall be due and payable in
arrears on each Quarterly Payment Date in accordance with the applicable provisions of the Indenture. 
 (e) In addition, under the
circumstances set forth in Section 3.4 of the Series 2007-1 Supplement, the Co-Issuers shall jointly and severally pay contingent additional interest in respect of the Series 2007-1 Class A-1 Outstanding Principal Amount in an amount equal
to the Series 2007-1 Class A-1 Quarterly Contingent Additional Interest payable pursuant to such Section 3.4. 
 (f) All
computations of interest at the CP Rate and the Eurodollar Rate, all computations of Series 2007-1 Class A-1 Quarterly Contingent Additional Interest (other than any accruing on any Base Rate Advances) and all computations of fees shall be made
on the basis of a year of 360 days and the actual number of days 

  

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elapsed. All computations of interest at the Base Rate and all computations of Series 2007-1 Class A-1 Quarterly Contingent Additional Interest accruing
on any Base Rate Advances shall be made on the basis of a 365 (or 366, as applicable) day year and actual number of days elapsed. Whenever any payment of interest, principal or fees hereunder shall be due on a day other than a Business Day, such
payment shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of the amount of interest owed. Interest shall accrue on each Advance, Swingline Loan and Unreimbursed L/C Drawing from and
including the day on which it is made to but excluding the date of repayment thereof. 
 SECTION 3.02 Fees. 
 (a) The Co-Issuers jointly and severally shall pay to the Administrative Agent for its own account an annual fee, payable quarterly in advance in the
amounts set forth in the Series 2007-1 Class A-1 Fee Letter on the Series 2007-1 Closing Date and on each Quarterly Payment Date thereafter (collectively, the “Administrative Agent Fees”). 
 (b) On each Quarterly Payment Date on or prior to the Commitment Termination Date, the Co-Issuers jointly and severally shall, in accordance with
Section 4.01, pay to each Funding Agent, for the account of the related Committed Note Purchaser(s), undrawn commitment fees (the “Undrawn Commitment Fees”) equal to the Undrawn Commitment Fee Rate per annum of the
related Investor Group’s Commitment Percentage of the daily average amount by which (i) the aggregate Commitment Amounts exceed (ii) the sum of (x) the aggregate principal amount outstanding of all Advances plus (y) all L/C
Obligations then outstanding during the related Interest Period, payable in arrears in accordance with the applicable provisions of the Indenture. For the avoidance of doubt, for purposes of calculating the Undrawn Commitment Fees only, no portion
of the Commitments shall be deemed drawn as a result of any outstanding Swingline Loans. 
 (c) The Co-Issuers jointly and severally shall
pay the fees required pursuant to Section 2.07 in respect of Letters of Credit. 
 (d) All fees payable pursuant to this
Section 3.02 shall be calculated in accordance with Section 3.01(f) and paid on the date due in accordance with the applicable provisions of the Indenture. Once paid, all fees shall be nonrefundable under all circumstances.

 SECTION 3.03 Eurodollar Lending Unlawful. If any Investor or Program Support Provider shall determine that any Change in Law makes
it unlawful, or any Official Body asserts that it is unlawful, for any such Person to fund or maintain any Advance as a Eurodollar Advance, the obligation of such Person to fund or maintain any such Advance as a Eurodollar Advance shall, upon such
determination, forthwith be suspended until such Person shall notify the Administrative Agent, the related Funding Agent and the Co-Issuers that the circumstances causing such suspension no longer exist, and all then outstanding Eurodollar Advances
of such Person shall be automatically converted into Base Rate Advances at the end of the then current Eurodollar Interest Period with respect thereto or sooner, if required by such law or assertion. 
  

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 SECTION 3.04 Deposits Unavailable. If the Administrative Agent shall have determined that:

 (a) by reason of circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining
the interest rate applicable hereunder to the Eurodollar Advances; or 
 (b) with respect to any interest rate otherwise
applicable hereunder to any Eurodollar Advances the Eurodollar Interest Period for which has not then commenced, Investor Groups holding in the aggregate more than 50% of the Eurodollar Advances have determined that such interest rate will not
adequately and fairly reflect the cost to them of funding, agreeing to fund or maintaining such Eurodollar Advances for such Eurodollar Interest Period, 
 then, upon notice from the Administrative Agent to the Funding Agents and the Co-Issuers, the obligations of the Investors to fund or maintain any Advance as a Eurodollar Advance after the end of the then current Eurodollar Interest Period,
if any, with respect thereto shall forthwith be suspended until the Administrative Agent has notified the Funding Agents and the Co-Issuers that the circumstances causing such suspension no longer exist. 
 SECTION 3.05 Increased Costs, etc. The Co-Issuers jointly and severally agree to reimburse each Investor and any Program Support Provider (each,
an “Affected Person”, which term, for purposes of Sections 3.07 and 3.08, shall also include the Swingline Lender and the L/C Issuing Bank) for any increase in the cost of, or any reduction in the amount of any sum
receivable by any such Affected Person, including reductions in the rate of return on such Affected Person’s capital, in respect of funding or maintaining (or of its obligation to fund or maintain) any Advances as Eurodollar Advances that arise
in connection with any Changes in Law, except for such Changes in Law with respect to increased capital costs and taxes which are governed by Sections 3.07 and 3.08, respectively (whether or not amounts are payable thereunder in
respect thereof). Each such demand shall be provided to the related Funding Agent and the Co-Issuers in writing and shall state, in reasonable detail, the reasons therefor and the additional amount required fully to compensate such Affected Person
for such increased cost or reduced amount or return. Such additional amounts (“Increased Costs”) shall be payable by the Co-Issuers to such Funding Agent and by such Funding Agent directly to such Affected Person on or before 15
days after the Co-Issuers’ receipt of such notice, and such notice shall, in the absence of manifest error, be conclusive and binding on the Co-Issuers. 
 SECTION 3.06 Funding Losses. In the event any Affected Person shall incur any loss or expense (including any loss or expense incurred by reason of the liquidation or reemployment of deposits or other funds
acquired by such Affected Person 
  

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to fund or maintain any portion of the principal amount of any Advance as a Eurodollar Advance) as a result of: 
 (a) any conversion, repayment, prepayment or redemption (for any reason, including, without limitation, as a result of any Decrease, the
acceleration of the maturity of such Eurodollar Advance) of the principal amount of any Eurodollar Advance on a date other than the scheduled last day of the Eurodollar Interest Period applicable thereto; 
 (b) any Advance not being funded or maintained as a Eurodollar Advance after a request therefor has been made in accordance with the terms
contained herein (for a reason other than the failure of such Affected Person to make an Advance after all conditions thereto have been met); or 
 (c) any failure of the Co-Issuers to make a Decrease, prepayment or redemption with respect to any Eurodollar Advance after giving notice thereof pursuant to the applicable provisions of the Series 2007-1 Supplement;

 then, upon the written notice of any Affected Person to the related Funding Agent and the Co-Issuers, the Co-Issuers jointly and severally shall pay to
such Funding Agent and such Funding Agent shall pay directly to such Affected Person, on or before 15 days after its receipt thereof, such amount (“Breakage Amount” or “Series 2007-1 Class A-1 Breakage Amount”)
as will (in the reasonable determination of such Affected Person) reimburse such Affected Person for such loss or expense. Such written notice (which shall include calculations in reasonable detail) shall, in the absence of manifest error, be
conclusive and binding on the Co-Issuers. 
 SECTION 3.07 Increased Capital Costs. If any Change in Law affects or would affect the
amount of capital required to be maintained by any Affected Person or any Person controlling such Affected Person and such Affected Person determines that the rate of return on its or such controlling Person’s capital as a consequence of its
commitment or the Advances, Swingline Loans or Letters of Credit made or issued by such Affected Person is reduced to a level below that which such Affected Person or such controlling Person would have achieved but for the occurrence of any such
circumstance, then, in any such case after notice from time to time by such Affected Person (or in the case of an L/C Issuing Bank, by the L/C Provider) to the related Funding Agent and the Co-Issuers (or, in the case of the Swingline Lender or the
L/C Provider, to the Co-Issuers), the Co-Issuers jointly and severally shall pay to such Funding Agent (or, in the case of the Swingline Lender or the L/C Provider, directly to such Person) and such Funding Agent shall pay to such Affected Person,
on or before 15 days after the Co-Issuers’ receipt of such notice, such amounts (“Increased Capital Costs”) as will be sufficient to compensate such Affected Person or such controlling Person for such reduction in rate of
return. A statement of such Affected Person as to any such additional amount or amounts (including calculations thereof in reasonable detail), in the absence of manifest error, shall be conclusive and binding on the Co-Issuers. In determining such
additional amount, such Affected Person may use any method of averaging and attribution that it (in its reasonable discretion) shall deem applicable so long as it applies such method to other similar transactions. 
  

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 SECTION 3.08 Taxes 
 (a) Except as otherwise required by law, all payments by the Co-Issuers of principal of, and interest on, the Advances, the Swingline Loans and the L/C Obligations and all other amounts payable hereunder (including
fees) shall be made free and clear of and without deduction or withholding for or on account of any present or future income, excise, documentary, property, stamp or franchise taxes and other taxes, fees, duties, withholdings or other charges of any
nature whatsoever imposed by any taxing authority including all interest, penalties or additions to tax and other liabilities with respect thereto (all such taxes, fees, duties, withholdings and other charges, and including all interest, penalties
or additions to tax and other liabilities with respect thereto, being called “Class A-1 Taxes”), but excluding in the case of any Affected Person (i) net income, franchise (imposed in lieu of net income) or similar
Class A-1 Taxes (and including branch profits or alternative minimum Class A-1 Taxes) imposed or levied on the Affected Person as a result of a connection between the Affected Person and the jurisdiction of the governmental authority
imposing such Class A-1 Taxes or any political subdivision or taxing authority thereof or therein (other than any such connection arising solely from such Affected Person having executed, delivered or performed its obligations or received a
payment under, or enforced, this Agreement or any other Related Document) and (ii) with respect to any Affected Person organized under the laws of a jurisdiction other than the United States or any state of the United States (“Foreign
Affected Person”), any withholding tax that is imposed on amounts payable to the Foreign Affected Person at the time the Foreign Affected Person becomes a party to this Agreement (or designates a new lending office), except to the extent
that such Foreign Affected Person (or its assignor, if any) was already entitled, at the time of the designation of the new lending office (or assignment), to receive additional amounts from the Co-Issuers with respect to withholding tax (such
Class A-1 Taxes not excluded by (i) and (ii) above being called “Non-Excluded Taxes”). If any Class A-1 Taxes are imposed and required by law to be deducted from any amount payable by the Co-Issuers hereunder,
then (x) if such Class A-1 Taxes are Non-Excluded Taxes, the amount of the payment shall be increased so that such payment is made, after withholding or deduction for or on account of such Non-Excluded Taxes, in an amount that is not less
than the amount provided for hereunder and (y) the Co-Issuers shall withhold the amount of such Class A-1 Taxes from such payment (as increased, if applicable, pursuant to the preceding clause (x)) and shall pay such amount to the
taxing authority imposing such Class A-1 Taxes in accordance with applicable law. 
 (b) Moreover, if any Non-Excluded Taxes are
directly asserted against any Affected Person or its agent with respect to any payment received by such Affected Person or its agent from the Co-Issuers or otherwise in respect of any Related Document or the transactions contemplated therein, such
Affected Person or its agent may pay such Non-Excluded Taxes and the Co-Issuers will jointly and severally, on or before 15 days after any Co-Issuer’s receipt of written notice stating the amount of such Non-Excluded Taxes (including the
calculation thereof in reasonable detail), pay such additional 

  

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amounts (collectively, “Increased Tax Costs,” which term shall include all amounts payable by or on behalf of any Co-Issuer pursuant to this
Section 3.08) as is necessary in order that the net amount received by such Affected Person or agent after the payment of such Non-Excluded Taxes (including any Non-Excluded Taxes on such additional amount) shall equal the amount such
Person would have received had no such Non-Excluded Taxes been asserted. 
 (c) As promptly as practicable after the payment of any
Class A-1 Taxes, and in any event within thirty (30) days of any such payment being due, the Co-Issuers shall furnish to each applicable Affected Person or its agents a certified copy of an official receipt (or other documentary evidence
satisfactory to such Affected Person and agents) evidencing the payment of such Class A-1 Taxes. If the Co-Issuers fail to pay any Class A-1 Taxes when due to the appropriate taxing authority or fail to remit to the Affected Persons or
their agents the required receipts (or such other documentary evidence), the Co-Issuers shall jointly and severally indemnify each Affected Person and its agents for any incremental Class A-1 Taxes that may become payable by any such Affected
Person or its agents as a result of any such failure to the extent such amounts were previously not paid to such Affected Person. For purposes of this Section 3.08, a distribution hereunder by the agent for the relevant Affected Person
shall be deemed a payment by the Co-Issuers. 
 (d) Each Affected Person (other than any Affected Person that is not a Foreign Affected
Person and is a corporation for federal tax purposes whose name contains any of the following: Incorporated, Inc., Corporation, Corp., P.C., Insurance Company, Reinsurance Company or Assurance Company) on or prior to the date it becomes a party to
this Agreement (from time to time thereafter as soon as practicable after the obsolescence and prior to the date of expiration or invalidity of any form or document previously delivered) and to the extent permissible under then current law, shall
deliver to any Co-Issuer (or to more than one Co-Issuer, as the Co-Issuers may reasonably request), a United States Internal Revenue Service Form W-8BEN, Form W-8ECI or Form W-9, as applicable, or applicable successor form, or such other forms or
documents (or successor forms or documents), appropriately completed and executed, as may be applicable to establish the extent to which a payment to such Affected Person is exempt from withholding or deduction of United States federal withholding
taxes. The Co-Issuers shall not be required to pay any increased amount under Section 3.08(a) or Section 3.08(b) to an Affected Person in respect of the withholding or deduction of United States federal withholding taxes
imposed as the result of the failure of such Affected Person to comply with the requirements set forth in this Section 3.08(d). The Co-Issuers may rely on any form or document provided pursuant to this Section 3.08(d) until
notified otherwise by the Affected Person that delivered such form or document. 
 (e) If an Affected Person determines, in its sole
discretion, that it has received a refund of any Non-Excluded Taxes as to which it has been indemnified pursuant to this Section 3.08 or as to which it has been paid additional amounts pursuant to this Section 3.08, it shall promptly
notify a Co-Issuer in writing of such refund and shall, within 30 days after receipt of a written request from the Co-Issuers, pay over such refund to a Co-Issuer (but only to the extent of indemnity payments made or additional 

  

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amounts paid to such Affected Person under this Section 3.08 with respect to the Non-Excluded Taxes giving rise to such refund), net of all
out-of-pocket expenses (including the net amount of Taxes, if any, imposed on or with respect to such refund or payment) of the Affected Person and without interest (other than any interest paid by the relevant taxing authority that is directly
attributable to such refund of such Non-Excluded Taxes); provided that the Co-Issuers, immediately upon the request of the Affected Person to any Co-Issuer (which request shall include a calculation in reasonable detail of the amount to be
repaid), agree to repay the amount of the refund (and any applicable interest) (plus any penalties, interest or other charges imposed by the relevant taxing authority with respect to such amount) to the Affected Person in the event the Affected
Person or any other Person is required to repay such refund to such taxing authority. This Section 3.08 shall not be construed to require the Affected Person to make available its Tax returns (or any other information relating to its
Taxes which it deems confidential) to the Co-Issuers or any other Person. 
 SECTION 3.09 Change of Lending Office. Each Committed
Note Purchaser agrees that, upon the occurrence of any event giving rise to the operation of Section 3.05 or 3.07 or the payment of additional amounts to it under Section 3.08(a) or (b) with respect to such
Committed Note Purchaser, it will, if requested by the Co-Issuers, use reasonable efforts (subject to overall policy considerations of such Committed Note Purchaser) to designate another lending office for any Advances affected by such event with
the object of avoiding the consequences of such event; provided that such designation is made on terms that, in the sole judgment of such Committed Note Purchaser, cause such Committed Note Purchaser and its lending office(s) or its related
Conduit Investor to suffer no economic, legal or regulatory disadvantage; provided further that nothing in this Section shall affect or postpone any of the obligations of the Co-Issuers or the rights of any Committed Note
Purchaser pursuant to Section 3.05, 3.07 and 3.08. 
 ARTICLE IV 
 OTHER PAYMENT TERMS 
 SECTION 4.01 Time and
Method of Payment. Except as otherwise provided in Section 4.02, all amounts payable to any Funding Agent or Investor hereunder or with respect to the Series 2007-1 Class A-1 Advance Notes shall be made to the Administrative
Agent for the benefit of the applicable Person, by wire transfer of immediately available funds in Dollars not later than 1:00 p.m. (New York time) on the date due. The Administrative Agent will promptly distribute to the applicable Funding Agent
for the benefit of the applicable Person, or upon the order of the applicable Funding Agent for the benefit of the applicable Person, its pro rata share (or other applicable share as provided herein) of such payment by wire transfer in
like funds as received. Except as otherwise provided in Section 4.02, all amounts payable to the Swingline Lender or the L/C Provider hereunder or with respect to the Swingline Loans and L/C Obligations shall be made to or upon the order
of the Swingline Lender or the L/C Provider, respectively, by wire transfer of immediately available funds in Dollars not later than 3:00 p.m. (New York time) on the date due. Any funds received after that time 
  

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will be deemed to have been received on the next Business Day. The Co-Issuers’ obligations hereunder in respect of any amounts payable to any Investor
shall be discharged to the extent funds are disbursed by the Co-Issuers to the Administrative Agent as provided herein or by the Trustee in accordance with Section 4.02 whether or not such funds are properly applied by such
Administrative Agent or by the Trustee. The Administrative Agent’s obligations hereunder in respect of any amounts payable to any Investor shall be discharged to the extent funds are disbursed by the Administrative Agent to the applicable
Funding Agent as provided herein whether or not such funds are properly applied by such Funding Agent. 
 SECTION 4.02 Order of
Distributions. Any amounts deposited into the Series 2007-1 Class A-1 Distribution Account in respect of accrued interest, letter of credit fees or undrawn commitment fees shall be distributed by the Trustee or the Paying Agent, as
applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 2007-1 Class A-1 Noteholders of record on the applicable Record Date, ratably in proportion to the respective amounts due to such
payees at each applicable level of the Priority of Payments in accordance with the Monthly Master Servicer’s Certificate, the applicable written report provided to the Trustee under the Series 2007-1 Supplement or as provided in
Section 3.3(b) of the Series 2007-1 Supplement. Any amounts deposited into the Series 2007-1 Class A-1 Distribution Account in respect of outstanding principal or face amounts shall be distributed by the Trustee or the Paying Agent, as
applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 2007-1 Class A-1 Noteholders of record on the applicable Record Date, in the following order of priority in accordance with the
Monthly Master Servicer’s Certificate, the applicable written report provided to the Trustee under the Series 2007-1 Supplement or as provided in Section 3.3(b) of the Series 2007-1 Supplement: first, to the Swingline Lender and the
L/C Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, ratably in proportion to the respective amounts due to such payees; second, to the other Series 2007-1 Class A-1 Noteholders in respect of their
outstanding Advances, ratably in proportion thereto; and, third, any balance remaining of such amounts (up to an aggregate amount not to exceed the amount of any then Undrawn L/C Face Amounts) shall be paid to the L/C Provider, to be
deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with Section 4.03. Any amounts distributed to the Administrative Agent pursuant to the Priority of Payments in respect of any
other amounts shall be distributed by the Administrative Agent in accordance with Section 4.01 on the date such amounts are due and payable hereunder to the applicable Series 2007-1 Class A-1 Noteholders and/or the Administrative
Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees. 
 SECTION
4.03 L/C Cash Collateral. All amounts to be deposited in a cash collateral account pursuant to Section 4.02 shall be held by the L/C Provider as collateral to secure the Co-Issuers’ Reimbursement Obligations with respect to
any outstanding Letters of Credit. The L/C Provider shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any interest earned on the investment of such deposit in Permitted Investments,
which 
  

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investments shall be made at the written direction, and at the risk and expense of, of the Master Issuer (provided that if an Event of Default has occurred
and is continuing, such investments shall be made solely at the option and sole discretion of the L/C Provider), such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account and all Taxes
on such amounts shall be payable by the Co-Issuers. Moneys in such account shall automatically be applied by such L/C Provider to reimburse it for any Unreimbursed L/C Drawings. Upon expiration of all then outstanding Letters of Credit and payment
in full of all Unreimbursed L/C Drawings, any balance remaining in such account shall be paid over (i) if the Base Indenture and any Series Supplement remains in effect, to the Trustee to be deposited into the Collection Account and distributed
in accordance with the terms of the Base Indenture and (ii) otherwise to the Master Issuer. 
 ARTICLE V 
 THE ADMINISTRATIVE AGENT AND THE FUNDING AGENTS 
 SECTION 5.01 Authorization and Action of the Administrative Agent. Each of the Lender Parties and the Funding Agents hereby designates and appoints Lehman Commercial Paper Inc. as the Administrative Agent hereunder, and hereby
authorizes the Administrative Agent to take such actions as agent on their behalf and to exercise such powers as are delegated to the Administrative Agent by the terms of this Agreement together with such powers as are reasonably incidental thereto.
The Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender Party or any Funding Agent, and no implied covenants, functions, responsibilities, duties,
obligations or liabilities on the part of the Administrative Agent shall be read into this Agreement or otherwise exist for the Administrative Agent. In performing its functions and duties hereunder, the Administrative Agent shall act solely as
agent for the Lender Parties and the Funding Agents and does not assume nor shall it be deemed to have assumed any obligation or relationship of trust or agency with or for the Co-Issuers or any of its successors or assigns. The Administrative Agent
shall not be required to take any action that exposes the Administrative Agent to personal liability or that is contrary to this Agreement or any Requirement of Law. The appointment and authority of the Administrative Agent hereunder shall terminate
upon the indefeasible payment in full of the Series 2007-1 Class A-1 Notes and all other amounts owed by the Co-Issuers hereunder to the Administrative Agent, the Investor Groups, the Swingline Lender and the L/C Provider (the
“Aggregate Unpaids”) and termination in full of all Commitments and the Swingline Commitment and the L/C Commitment. 
 SECTION 5.02 Delegation of Duties. The Administrative Agent may execute any of its duties under this Agreement by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to
such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it in good faith. 
  

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 SECTION 5.03 Exculpatory Provisions. Neither the Administrative Agent nor any of its directors,
officers, agents or employees shall be (a) liable for any action lawfully taken or omitted to be taken by it or them under or in connection with this Agreement (except for its, their or such Person’s own gross negligence or willful
misconduct), or (b) responsible in any manner to any Lender Party or any Funding Agent for any recitals, statements, representations or warranties made by the Co-Issuers contained in this Agreement or in any certificate, report, statement or
other document referred to or provided for in, or received under or in connection with, this Agreement for the due execution, legality, value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other
document furnished in connection herewith, or for any failure of any Co-Issuer to perform its obligations hereunder, or for the satisfaction of any condition specified in Article VII. The Administrative Agent shall not be under any obligation
to any Investor or any Funding Agent to ascertain or to inquire as to the observance or performance of any of the agreements or covenants contained in, or conditions of, this Agreement, or to inspect the properties, books or records of the
Co-Issuers. The Administrative Agent shall not be deemed to have knowledge of any Potential Rapid Amortization Event, Rapid Amortization Event, Default or Event of Default unless the Administrative Agent has received notice of such event from any
Co-Issuer, any Lender Party or any Funding Agent. 
 SECTION 5.04 Reliance. The Administrative Agent shall in all cases be entitled to
rely, and shall be fully protected in relying, upon any document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel
(including, without limitation, counsel to the Co-Issuers), independent accountants and other experts selected by the Administrative Agent. The Administrative Agent shall in all cases be fully justified in failing or refusing to take any action
under this Agreement or any other document furnished in connection herewith unless it shall first receive such advice or concurrence of any Lender Party or any Funding Agent as it deems appropriate or it shall first be indemnified to its
satisfaction by any Lender Party or any Funding Agent; provided that unless and until the Administrative Agent shall have received such advice, the Administrative Agent may take or refrain from taking any action, as the Administrative Agent
shall deem advisable and in the best interests of the Lender Parties and the Funding Agents. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, in accordance with a request of (i) Investor
Groups holding more than 75% of the Commitments if any one Investor Group holds more than 50% of the Commitments or (ii) Investor Groups holding more than 50% of the Commitments if no one Investor Group holds more than 50% of the Commitments,
and such request and any action taken or failure to act pursuant thereto shall be binding upon the Lender Parties and the Funding Agents. 
 SECTION 5.05 Non-Reliance on the Administrative Agent and Other Purchasers. Each of the Lender Parties and the Funding Agents expressly acknowledges that neither the Administrative Agent nor any of its officers, directors, employees,
agents, attorneys-in-fact or affiliates has made any representations or warranties to it and that no act by the Administrative Agent hereafter taken, including, without limitation, any review 
  

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of the affairs of the Co-Issuers, shall be deemed to constitute any representation or warranty by the Administrative Agent. Each of the Lender Parties and
the Funding Agents represents and warrants to the Administrative Agent that it has and will, independently and without reliance upon the Administrative Agent and based on such documents and information as it has deemed appropriate, made its own
appraisal of and investigation into the business, operations, property, prospects, financial and other conditions and creditworthiness of the Co-Issuers and made its own decision to enter into this Agreement. 
 SECTION 5.06 The Administrative Agent in its Individual Capacity. The Administrative Agent and any of its Affiliates may make loans to, accept
deposits from, and generally engage in any kind of business with the Co-Issuers or any Affiliate of the Co-Issuers as though the Administrative Agent were not the Administrative Agent hereunder. 
 SECTION 5.07 Successor Administrative Agent. The Administrative Agent may, upon 30 days notice to the Co-Issuers and each of the Lender Parties
and the Funding Agents, and the Administrative Agent will, upon the direction of Investor Groups holding (i) more than 75% of the Commitments or (ii) if any material default has occurred with respect to the obligations of the
Administrative Agent set forth in Section 2.09, 4.01 or 4.02, at least 25% of the Commitments, resign as Administrative Agent. If the Administrative Agent shall resign, then the (i) Investor Groups holding more than
75% of the Commitments or (ii) if any material default has occurred with respect to the obligations of the Administrative Agent set forth in Section 2.09, 4.01 or 4.02, the non-defaulting Investor Groups holding at
least 25% of the Commitments, during such 30 day period, shall appoint an Affiliate of a member of the Investor Groups as a successor agent, subject to the consent of (i) the Co-Issuers at all times other than while an Event of Default has
occurred and is continuing (which consent of the Co-Issuers shall not be unreasonably withheld) and (ii) the Series 2007-1 Class A Lead Insurer at all times other than while an Insurer Default has occurred and is continuing with respect to
each Series 2007-1 Class A Insurer or no Series 2007-1 Class A Policy is in effect (which consent of the Series 2007-1 Class A Lead Insurer shall not be unreasonably withheld). If for any reason no successor Administrative Agent is
appointed by the Investor Groups during such 30 day period, then effective upon the expiration of such 30 day period, the Co-Issuers shall make all payments in respect of the Aggregate Unpaids or under any fee letter delivered in connection herewith
directly to the Funding Agents or the Swingline Lender or the L/C Provider, as applicable, and for all purposes shall deal directly with the Funding Agents or the Swingline Lender or the L/C Provider, as applicable, until such time, if any, as a
successor agent is appointed as provided above, and the Co-Issuers shall instruct the Trustee in writing accordingly. After any retiring Administrative Agent’s resignation hereunder as Administrative Agent, the provisions of
Section 9.05 and this Article V shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Administrative Agent under this Agreement. 
 SECTION 5.08 Authorization and Action of Funding Agents. Each Investor is hereby deemed to have designated and appointed its related Funding Agent
set 
  

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forth next to such Investor’s name on Schedule I (or identified as such Investor’s Funding Agent pursuant to any applicable Assignment
and Assumption Agreement or Investor Group Supplement) as the agent of such Person hereunder, and hereby authorizes such Funding Agent to take such actions as agent on its behalf and to exercise such powers as are delegated to such Funding Agent by
the terms of this Agreement together with such powers as are reasonably incidental thereto. Each Funding Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with the related
Investor Group, and no implied covenants, functions, responsibilities, duties, obligations or liabilities on the part of such Funding Agent shall be read into this Agreement or otherwise exist for such Funding Agent. In performing its functions and
duties hereunder, each Funding Agent shall act solely as agent for the related Investor Group and does not assume nor shall it be deemed to have assumed any obligation or relationship of trust or agency with or for the Co-Issuers, any of their
successors or assigns or any other Person. Each Funding Agent shall not be required to take any action that exposes such Funding Agent to personal liability or that is contrary to this Agreement or any Requirement of Law. The appointment and
authority of the Funding Agents hereunder shall terminate upon the indefeasible payment in full of the Aggregate Unpaids of the Investor Groups and the termination in full of all the Commitments. 
 SECTION 5.09 Delegation of Duties. Each Funding Agent may execute any of its duties under this Agreement by or through agents or attorneys-in-fact
and shall be entitled to advice of counsel concerning all matters pertaining to such duties. Each Funding Agent shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it in good faith. 
 SECTION 5.10 Exculpatory Provisions. Each Funding Agent and any of its directors, officers, agents or employees shall not be (a) liable for
any action lawfully taken or omitted to be taken by it or them under or in connection with this Agreement (except for its, their or such Person’s own gross negligence or willful misconduct), or (b) responsible in any manner to the related
Investor Group for any recitals, statements, representations or warranties made by the Co-Issuers contained in this Agreement or in any certificate, report, statement or other document referred to or provided for in, or received under or in
connection with, this Agreement, or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other document furnished in connection herewith, or for any failure of the Co-Issuers to perform its
obligations hereunder, or for the satisfaction of any condition specified in Article VII. Each Funding Agent shall not be under any obligation to the related Investor Group to ascertain or to inquire as to the observance or performance of any
of the agreements or covenants contained in, or conditions of, this Agreement, or to inspect the properties, books or records of the Co-Issuers. Each Funding Agent shall not be deemed to have knowledge of any Potential Rapid Amortization Event,
Rapid Amortization Event, Default or Event of Default unless such Funding Agent has received notice of such event from any Co-Issuer or any member of the related Investor Group. 
  

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 SECTION 5.11 Reliance. Each Funding Agent shall in all cases be entitled to rely, and shall be
fully protected in relying, upon any document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of the Administrative Agent and legal counsel
(including, without limitation, counsel to the Co-Issuers), independent accountants and other experts selected by such Funding Agent. Each Funding Agent shall in all cases be fully justified in failing or refusing to take any action under this
Agreement or any other document furnished in connection herewith unless it shall first receive such advice or concurrence of the related Investor Group as it deems appropriate or it shall first be indemnified to its satisfaction by the related
Investor Group; provided that unless and until such Funding Agent shall have received such advice, such Funding Agent may take or refrain from taking any action, as such Funding Agent shall deem advisable and in the best interests of the
related Investor Group. Each Funding Agent shall in all cases be fully protected in acting, or in refraining from acting, in accordance with a request of the related Investor Group and such request and any action taken or failure to act pursuant
thereto shall be binding upon the related Investor Group. 
 SECTION 5.12 Non-Reliance on the Funding Agent and Other Purchasers. The
related Investor Group expressly acknowledges that its Funding Agent and any of its officers, directors, employees, agents, attorneys-in-fact or affiliates has not made any representations or warranties to it and that no act by such Funding Agent
hereafter taken, including, without limitation, any review of the affairs of the Co-Issuers, shall be deemed to constitute any representation or warranty by such Funding Agent. The related Investor Group represents and warrants to such Funding Agent
that it has and will, independently and without reliance upon such Funding Agent and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property,
prospects, financial and other conditions and creditworthiness of the Co-Issuers and made its own decision to enter into this Agreement. 
 SECTION 5.13 The Funding Agent in its Individual Capacity. Each Funding Agent and any of its Affiliates may make loans to, accept deposits from and generally engage in any kind of business with the Co-Issuers or any Affiliate of the
Co-Issuers as though such Funding Agent were not a Funding Agent hereunder. 
 SECTION 5.14 Successor Funding Agent. Each Funding
Agent will, upon the direction of the related Investor Group, resign as such Funding Agent. If such Funding Agent shall resign, then the related Investor Group shall appoint an Affiliate of a member of the related Investor Group as a successor agent
(it being understood that such resignation shall not be effective until such successor is appointed). After any retiring Funding Agent’s resignation hereunder as Funding Agent, subject to the limitations set forth herein, the provisions of
Section 9.05 and this Article V shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Funding Agent under this Agreement. 
  

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 ARTICLE VI 
 REPRESENTATIONS AND WARRANTIES 
 SECTION 6.01 The Co-Issuers. The Co-Issuers jointly and severally
represent and warrant to each Lender Party that: 
 (a) each of its representations and warranties in the Indenture and the
other Related Documents (other than a Related Document relating solely to a Series of Notes other than the Series 2007-1 Notes) is true and correct in all material respects; 
 (b) no Potential Rapid Amortization Event, Rapid Amortization Event, Default or Event of Default has occurred and is continuing;

 (c) neither they nor or any of their Affiliates, have, directly or through an agent, engaged in any form of general
solicitation or general advertising in connection with the offering of the Series 2007-1 Class A-1 Notes under the Securities Act or in any manner involving a public offering within the meaning of Section 4(2) of the Securities Act
including, but not limited to, advertisements, articles, notices or other communications published in any newspaper, magazine, or similar medium or broadcast over television or radio or any seminar or meeting whose attendees have been invited by any
general solicitation or general advertising; provided that no representation or warranty is made with respect to the Lender Parties and their Affiliates; and none of the Co-Issuers nor any of their Affiliates has entered into any contractual
arrangement with respect to the distribution of the Series 2007-1 Class A-1 Notes, except for this Agreement and the other Related Documents, and the Co-Issuers will not enter into any such arrangement; 
 (d) neither they nor any of their Affiliates (other than the Lender Parties in connection with the transactions contemplated by this
Agreement about which no representation is made by the Co-Issuers) have, directly or through any agent, sold, offered for sale, solicited offers to buy or otherwise negotiated in respect of, any “security” (as defined in the Securities
Act) that is or will be integrated with the sale of the Series 2007-1 Class A-1 Notes in a manner that would require the registration of the Series 2007-1 Class A-1 Notes under Section 4(2) or Rule 144A of the Securities Act or under
the Investment Company Act; 
 (e) neither they nor any of their Affiliates have not taken and will not take any action
prohibited by Regulation M under the Exchange Act, in connection with the offering of the Series 2007-1 Class A-1 Notes; 
 (f) assuming each Lender Party is not purchasing with a view toward further distribution and there has been no general solicitation or general advertising within the meaning of Section 502(c) of Regulation D under the Securities Act
(including, but not limited to, advertisements, articles, notices or other communications published in any newspaper, magazine, or similar medium 

  

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or broadcast over television or radio or any seminar or meeting whose attendees have been invited by any general solicitation or general advertising) by the
Lender Parties or their Affiliates, and further assuming that the representations and warranties of each Lender Party set forth in Section 6.03 of this Agreement and the representations and warranties of the Initial Purchasers in
Section 2 of the Series 2007-1 Class A-2/M-1 Note Purchase Agreement are true and correct, the offer and sale of the Series 2007-1 Class A-1 Notes in the manner contemplated by this Agreement is a transaction exempt from the
registration requirements of the Securities Act, and the Base Indenture is not required to be qualified under the Trust Indenture Act; and 
 (g) each Co-Issuer has furnished to the Administrative Agent true, accurate and complete copies of all other Related Documents (excluding Series Supplements and other Related Documents relating solely to a Series of
Notes other than the Series 2007-1 Notes) to which it is a party as of the Series 2007-1 Closing Date, all of which Related Documents are in full force and effect as of the Series 2007-1 Closing Date and no terms of any such agreements or documents
have been amended, modified or otherwise waived as of such date, other than such amendments, modifications or waivers about which the Co-Issuers have informed each Funding Agent, the Swingline Lender and the L/C Provider. 
 SECTION 6.02 Master Servicer. The Master Servicer represents and warrants to each Lender Party that: 
 (a) each representation and warranty made by it in each Related Document (other than a Related Document relating solely to a Series of
Notes other than the Series 2007-1 Notes and other than any representation or warranty in [Section 4.1(i) of any Contribution Agreement] or Article V of the Master Servicing Agreement) to which it is a party (including any representations and
warranties made by it as Master Servicer) is true and correct in all material respects as of the date originally made, as of the date hereof and as of the Series 2007-1 Closing Date (unless stated to relate solely to an earlier date, in which case
such representations and warranties shall be true and correct in all material respects as of such earlier date); and 
 (b)
the audited combined balance sheet of Holdco and its Subsidiaries as of December 31, 2006 and the related consolidated statements of income, stockholders equity and cash flows for fiscal year ended December 31, 2006 have been prepared in
accordance with GAAP and present fairly the financial position of Holdco and its Subsidiaries as of the date thereof and the results of their operations and their cash flows for the periods covered thereby. 
 SECTION 6.03 Lender Parties. Each of the Lender Parties represents and warrants to the Co-Issuers and the Master Servicer as of the date hereof
(or, in the case of a successor or assign of an Investor, as of the subsequent date on which such successor or assign shall become a party hereto) that: 
  

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 (a) it has had an opportunity to discuss the Co-Issuers’ and the Master
Servicer’s business, management and financial affairs, and the terms and conditions of the proposed purchase, with the Co-Issuers and the Master Servicer and their respective representatives; 
 (b) it is an “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) of Regulation D under the
Securities Act and a “qualified purchaser” within the meaning of Section 2(a)(51) of the Investment Company Act and has sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and
risks of investing in, and is able and prepared to bear the economic risk of investing in, the Series 2007-1 Class A-1 Notes; 
 (c) it is purchasing the Series 2007-1 Class A-1 Notes for its own account, or for the account of one or more “accredited investors” within the meaning of Rule 501(a)(1), (2), (3) or (7) of Regulation D under the
Securities Act that meet the criteria described in subsection (b) and for which it is acting with complete investment discretion, for investment purposes only and not with a view to distribution, subject, nevertheless, to the
understanding that the disposition of its property shall at all times be and remain within its control, and neither it nor its Affiliates has engaged in any general solicitation or general advertising within the meaning of the Securities Act with
respect to the Series 2007-1 Class A-1 Notes; 
 (d) it understands that (i) the Series 2007-1 Class A-1 Notes
have not been and will not be registered or qualified under the Securities Act or any applicable state securities laws or the securities laws of any other jurisdiction and are being offered only in a transaction not involving any public offering
within the meaning of the Securities Act and may not be resold or otherwise transferred unless so registered or qualified or unless an exemption from registration or qualification is available, (ii) the Co-Issuers are not required to register
the Series 2007-1 Class A-1 Notes, (iii) any transferee must be a “qualified purchaser” within the meaning of Section 2(a)(51) of the Investment Company Act and (iv) any transfer must comply with the provisions of
Section 2.8 of the Base Indenture, Section 4.4 of the Series 2007-1 Supplement and Section 9.03 or 9.17, as applicable, of this Agreement; 
 (e) it will comply with the requirements of paragraph (d) above in connection with any transfer by it of the Series 2007-1
Class A-1 Notes; 
 (f) it understands that the Series 2007-1 Class A-1 Notes will bear the legend set out in the
form of Series 2007-1 Class A-1 Notes attached to the Series 2007-1 Supplement and be subject to the restrictions on transfer described in such legend; and 
  

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 (g) it will obtain for the benefit of the Co-Issuers from any purchaser of the Series
2007-1 Class A-1 Notes substantially the same representations and warranties contained in the foregoing paragraphs. 
 ARTICLE VII

 CONDITIONS 
 SECTION 7.01
Conditions to Purchase and Effectiveness. Each Lender Party will have no obligation to purchase the Series 2007-1 Class A-1 Notes hereunder on the Series 2007-1 Closing Date, and the Commitments, the Swingline Commitment and the L/C
Commitment will not become effective, unless: 
 (a) the Base Indenture, the Series 2007-1 Supplement, the Global G&C
Agreement, the Series 2007-1 Class A-1 VFN Fee Letter and the other Related Documents shall be in full force and effect; 
 (b) each Series 2007-1 Class A Policy shall have been executed and delivered to the Trustee and shall be in full force and effect; 
 (c) on the Series 2007-1 Closing Date, each Investor shall have received a letter, in form and substance reasonably satisfactory to it, from each of Moody’s and S&P stating that a long-term rating of
“Aaa” (in the case of Moody’s) and “AAA” (in the case of S&P) has been assigned to the Series 2007-1 Class A-1 Notes; 
 (d) each Lender Party shall have received opinions of counsel from Ropes & Gray LLP, counsel to the Co-Issuers, the Guarantors and the Parent Companies (as defined in the Series 2007-1 Class A-2/M-1 Note
Purchase Agreement), and such local, franchise, special and foreign counsel as the Administrative Agent shall reasonably request, dated as of the Series 2007-1 Closing Date and addressed to the Lender Parties, with respect to such matters as the
Administrative Agent shall reasonably request (including, without limitation, company matters, appropriate opinions regarding non-consolidation, UCC security interest, tax and no-conflicts matters, appropriate opinions to the effect that property
transferred to the respective Securitization Entities are each a “true contribution” or other absolute transfer and is not property of the bankruptcy estate of the respective transferors and, from appropriate special counsel, appropriate
opinions regarding franchise law matters); and 
 (e) at the time of such purchase and effectiveness, the additional
conditions set forth in Schedule III and all other conditions to the issuance of the Series 2007-1 Class A-1 Notes under the Indenture shall have been satisfied or waived by such Lender Party. 
 SECTION 7.02 Conditions to Initial Extensions of Credit. The election of each Conduit Investor to fund, and the obligation of each Committed Note
Purchaser to fund, the initial Borrowing hereunder, and the obligations of the Swingline Lender and 
  

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the L/C Provider to fund the initial Swingline Loan or provide the initial Letters of Credit hereunder, respectively, shall be subject to the satisfaction of
the conditions precedent that (a) each Funding Agent shall have received a duly executed and authenticated Series 2007-1 Class A-1 Advance Note registered in its name or in such other name as shall have been directed by such Funding Agent
and stating that the principal amount thereof shall not exceed the Maximum Investor Group Principal Amount of the related Investor Group, (b) each of the Swingline Lender and the L/C Provider shall have received a duly executed and
authenticated Series 2007-1 Class A-1 Swingline Note or Series 2007-1 Class A-1 L/C Note, as applicable, registered in its name or in such other name as shall have been directed by it and stating that the principal amount thereof shall not
exceed the Swingline Commitment or L/C Commitment, respectively, and (c) the Co-Issuers shall have paid all fees required to be paid by it on the Series 2007-1 Closing Date, including all fees required hereunder. 
 SECTION 7.03 Conditions to Each Extension of Credit. The election of each Conduit Investor to fund, and the obligation of each Committed Note
Purchaser to fund, any Borrowing on any day (including the initial Borrowing but excluding any Borrowings to repay Swingline Loans or L/C Obligations pursuant to Section 2.05, 2.06 or 2.08, as applicable), and the
obligations of the Swingline Lender to fund any Swingline Loan (including the initial one) and of the L/C Provider to provide any Letter of Credit (including the initial one), respectively, shall be subject to the conditions precedent that on the
date of such funding or provision, before and after giving effect thereto and to the application of any proceeds therefrom, the following statements shall be true (without regard to (x) any waiver, amendment or other modification of
Section 7.03(c), (d), (e) or (f) or any definitions used therein consented to by the Control Party unless (i) Investors holding more than 75% of the Commitments if any one Investor Group holds more
than 50% of the Commitments or (ii) Investors holding more than 50% of the Commitments if no one Investor Group holds more than 50% of the Commitments have consented to such waiver, amendment or other modification for purposes of this
Section 7.03 or (y) any waiver, amendment or other modification of Section 7.03(a) or (b) or any definitions used therein consented to by the Control Party unless either (A) the Control Party is the
Series 2007-1 Class A Lead Insurer and the Series 2007-1 Class A Lead Insurer is rated AAA by S&P and Aaa by Moody’s at the time such consent is given or (B) (i) Investors holding more than 75% of the Commitments if any
one Investor Group holds more than 50% of the Commitments or (ii) Investors holding more than 50% of the Commitments if no one Investor Group holds more than 50% of the Commitments have consented to such waiver, amendment or other modification
for purposes of this Section 7.03; provided, however, that if a Rapid Amortization Event has occurred and been declared by the Control Party pursuant to Section 9.1(a), (b) or (c) of the Base Indenture or if
a Rapid Amortization Event has occurred pursuant to Section 9.1(d) of the Base Indenture, consent to such waiver, amendment or other modification from all Investors as well as the Control Party is required for purposes of this
Section 7.03; provided further that if the proviso to Section 9.01 is applicable to such waiver, amendment or other modification, then consent to such waiver, amendment or other modification from the Persons
required by such proviso shall also be required for purposes of this Section 7.03): 
  

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 (a) (i) the representations and warranties of the Co-Issuers set out in this Agreement,
(ii) the representations and warranties of the Master Servicer set out in this Agreement and (iii) the representations and warranties of the Co-Issuers and the Master Servicer set out in the Base Indenture and the other Related Documents
(other than Series Supplements and Related Documents relating solely to a Series of Notes other than the Series 2007-1 Notes and other than any representation or warranty in [Section 4.1(i) of any Contribution Agreement] or Article V of the Master
Servicing Agreement) to which each is a party, in each such case, shall be true and correct in all material respects as of the date of such funding or issuance, with the same effect as though made on that date (unless stated to relate solely to an
earlier date, in which case such representations and warranties shall be true and correct as of such earlier date); 
 (b)
there shall be no Rapid Amortization Event, Default or Event of Default in existence at the time of, or after giving effect to, such funding or issuance, and no Change of Control to which the Control Party has not provided its prior written consent;

 (c) the Quarterly DSCR as of the most recent Quarterly Payment Date shall be at or above 1.50 (without giving credit for
any Retained Collections Contribution); 
 (d) in the case of any Borrowing, the Co-Issuers shall have delivered to the
Administrative Agent an executed advance request in the form of Exhibit A hereto with respect to such Borrowing (each such request, an “Advance Request” or a “Series 2007-1 Class A-1 Advance Request”);

 (e) all conditions to such funding or provision specified in Section 2.02, 2.03, 2.06 or
2.07, as applicable, shall have been satisfied; and 
 (f) each of the Series 2007-1 Class A Policies shall be in
full force and effect and no Insurer Default shall have occurred and be continuing. 
 The giving of any notice pursuant to
Section 2.03, 2.06 or 2.07, as applicable, shall constitute a representation and warranty by the Co-Issuers and the Master Servicer that all conditions precedent to such funding or provision have been satisfied. 

ARTICLE VIII 
 COVENANTS 
 SECTION 8.01 Covenants. Each of the Co-Issuers, jointly and severally, and the Master Servicer, severally, covenants and agrees that, until all
Aggregate Unpaids have been paid in full and all Commitments, the Swingline Commitment and the L/C Commitment have been terminated, it will: 
 (a) unless waived in writing by the Control Party in accordance with Section 9.7 of the Base Indenture, duly and timely perform all of its covenants (both affirmative and negative) and obligations under each
Related Document to which it is a party other than this Agreement; 
  

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 (b) not, except as contemplated by Section 3.2(a) of the Base Indenture or clauses
(iii) through (viii) of Section 12.1(a) of the Base Indenture, amend, modify, waive or give any approval, consent or permission under, any provision of the Base Indenture or any other Related Document to which it is a party unless any
such amendment, modification, waiver or other action is in writing and made in accordance with the terms of the Base Indenture or such other Related Document, as applicable; 
 (c) reasonably concurrently with the time any report, notice or other document is provided to the Rating Agencies, the Series 2007-1
Class A Insurers and/or the Trustee, or caused to be provided, by the Co-Issuers or the Master Servicer under the Base Indenture (including, without limitation, under Sections 8.8, 8.9 and/or 8.11 thereof), or under the Series 2007-1 Supplement
or this Agreement, provide the Administrative Agent (who shall provide a copy thereof to the Lender Parties) with a copy of such report, notice or other document; provided, however, that neither the Master Servicer nor the Co-Issuers
shall have any obligation under this Section 8.01(c) to deliver to the Administrative Agent copies of any Monthly Noteholders’ Statements which relate solely to a Series of Notes other than the Series 2007-1 Notes; 
 (d) at any time and from time to time, following reasonable prior notice from the Administrative Agent, and during regular business hours,
permit such Administrative Agent, any Funding Agent, the Swingline Lender or the L/C Provider, or any of their respective agents, representatives or permitted assigns, at their own expense, access to the offices of the Master Servicer, the
Co-Issuers and the Guarantors, (i) to examine and make copies of and abstracts from all documentation relating to the Collateral on the same terms as are provided to the Trustee under Section 8.6 of the Base Indenture, and (ii) to
visit the offices and properties of the Master Servicer, the Co-Issuers and the Guarantors for the purpose of examining such materials described in clause (i) above, and to discuss matters relating to the Collateral, or the
administration and performance of the Base Indenture, the Series 2007-1 Supplement and the other Related Documents with any of the officers or employees of, the Master Servicer, the Co-Issuers and/or the Guarantors, as applicable, having knowledge
of such matters; provided, however, that the Administrative Agent is entitled to one such visit (during which it may conduct such activities) per calendar year at the expense of the Co-Issuers; provided further that
during the continuance of a Rapid Amortization Event or an Event of Default any such Person may visit and conduct such activities at any time and all such visits and activities shall be at the Co-Issuers’ expense. 
 (e) not take, or cause to be taken, any action, including, without limitation, acquiring any Margin Stock, that could cause the
transactions contemplated by the Related Documents to fail to comply with the regulations of the Board of Governors of the Federal Reserve System, including Regulations T, U and X thereof; 
  

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 (f) not permit any amounts owed with respect to the Series 2007-1 Class A-1 Notes to
be secured, directly or indirectly, by any Margin Stock; 
 (g) promptly provide such additional financial and other
information with respect to the Related Documents (other than Series Supplements and Related Documents relating solely to a Series of Notes other than the Series 2007-1 Notes), the Co-Issuers, the Master Servicer or the Guarantors as the
Administrative Agent may from time to time reasonably request; and 
 (h) deliver to the Administrative Agent (who shall
provide a copy thereof to the Lender Parties), the financial statements prepared pursuant to Section 4.1 of the Base Indenture reasonably contemporaneously with the delivery of such statements under the Base Indenture. 
 ARTICLE IX 
 MISCELLANEOUS PROVISIONS

 SECTION 9.01 Amendments. No amendment to or waiver or other modification of any provision of this Agreement, nor consent to any
departure therefrom by the Master Servicer or the Co-Issuers, shall in any event be effective unless the same shall be in writing and signed by the Master Servicer, the Co-Issuers and the Series 2007-1 Class A Lead Insurer (or, if an Insurer
Default has occurred and is continuing with respect to each Series 2007-1 Class A Insurer or no Series 2007-1 Class A Policy is in effect, the Administrative Agent with the consent of (i) Investors holding more than 75% of the
Commitments if any one Investor Group holds more than 50% of the Commitments or (ii) Investors holding more than 50% of the Commitments if no one Investor Group holds more than 50% of the Commitments); provided, however, that, in
addition, (i) the prior written consent of each affected Investor shall be required in connection with any amendment, modification or waiver that (x) increases the amount of the Commitment of such Investor, extends the Commitment
Termination Date, modifies the conditions to funding such Commitment or otherwise subjects such Investor to any increased or additional duties or obligations hereunder or in connection herewith, (y) reduces the amount or delays the timing of
payment of any principal, interest, fees or other amounts payable to such Investor hereunder, or (z) would have an effect comparable to any of those set forth in Section 12.2 of the Base Indenture that require the consent of each
Noteholder or each affected Noteholder; (ii) any amendment, modification or waiver that affects the rights or duties of any of the Swingline Lender, the L/C Provider, the Administrative Agent or the Funding Agents shall require the prior
written consent of such affected Person; and (iii) the prior written consent of each Investor, the Swingline Lender, the L/C Provider, the Administrative Agent and each Funding Agent shall be required in connection with any amendment,
modification or waiver of this Section 9.01. For purposes of any provision of any other Indenture Document relating to any vote, consent, direction or the like to be given by the Series 2007-1 Class A-1 Noteholders, such vote,
consent, direction or the like shall be given by 
  

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the Holders of the Series 2007-1 Class A-1 Advance Notes only and not by the Holders of any Series 2007-1 Class A-1 Swingline Notes or Series
2007-1 Class A-1 L/C Notes except to the extent that such vote, consent, direction or the like is to be given by each affected Noteholder. 
 SECTION 9.02 No Waiver; Remedies. Any waiver, consent or approval given by any party hereto shall be effective only in the specific instance and for the specific purpose for which given, and no waiver by a party of any breach or
default under this Agreement shall be deemed a waiver of any other breach or default. No failure on the part of any party hereto to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or
partial exercise of any right hereunder, or any abandonment or discontinuation of steps to enforce the right, power or privilege, preclude any other or further exercise thereof or the exercise of any other right. No notice to or demand on any party
hereto in any case shall entitle such party to any other or further notice or demand in the same, similar or other circumstances. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. 
 SECTION 9.03 Binding on Successors and Assigns. 
 (a) This Agreement shall be binding upon, and inure to the benefit of, the Co-Issuers, the Master Servicer, the Lender Parties, the Funding Agents, the Administrative Agent and their respective successors and assigns;
provided, however, that neither any of the Co-Issuers nor the Master Servicer may assign its rights or obligations hereunder or in connection herewith or any interest herein (voluntarily, by operation of law or otherwise) without the
prior written consent of each Lender Party; provided that nothing herein shall prevent the Co-Issuers from assigning their rights (but none of their duties or liabilities) to the Trustee under the Base Indenture and the Series 2007-1
Supplement; provided further that none of the Lender Parties may transfer, pledge, assign, sell participations in or otherwise encumber its rights or obligations hereunder or in connection herewith or any interest herein except as
permitted under Section 6.03, Section 9.17 and this Section 9.03. Nothing expressed herein is intended or shall be construed to give any Person other than the Persons referred to in the preceding sentence any
legal or equitable right, remedy or claim under or in respect of this Agreement except as provided in Section 9.16. 
 (b)
Notwithstanding any other provision set forth in this Agreement, each Investor may at any time grant to one or more Program Support Providers a participating interest in or lien on such Investor’s interests in the Advances made hereunder and
such Program Support Provider, with respect to its participating interest, shall be entitled to the benefits granted to such Investor under this Agreement. 
 (c) In addition to its rights under Section 9.17, each Conduit Investor may at any time assign its rights in the Series 2007-1 Class A-1 Advance Notes (and its rights hereunder and under the Related
Documents) to its related Committed Note Purchaser or, subject to Section 6.03 and Section 9.17(f), its related Program Support Provider or any Affiliate of any of the foregoing, in each case in accordance with the 

  

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applicable provisions of the Indenture. Furthermore, each Conduit Investor may at any time grant a security interest in and lien on, all or any portion of
its interests under this Agreement, its Series 2007-1 Class A-1 Advance Note and all Related Documents to (i) its related Committed Note Purchaser, (ii) its Funding Agent, (iii) any Program Support Provider who, at any time now
or in the future, provides program liquidity or credit enhancement, including without limitation, an insurance policy for such Conduit Investor relating to the Commercial Paper or the Series 2007-1 Class A-1 Advance Notes, (iv) any other
Person who, at any time now or in the future, provides liquidity or credit enhancement for the Conduit Investors, including without limitation, an insurance policy relating to the Commercial Paper or the Series 2007-1 Class A-1 Advance Notes or
(v) any collateral trustee or collateral agent for any of the foregoing; provided, however, any such security interest or lien shall be released upon assignment of its Series 2007-1 Class A-1 Advance Note to its related
Committed Note Purchaser. Each Committed Note Purchaser may assign its Commitment, or all or any portion of its interest under its Series 2007-1 Class A-1 Advance Note, this Agreement and the Related Documents to any Person to the extent
permitted by Section 9.17. Notwithstanding any other provisions set forth in this Agreement, each Committed Note Purchaser may at any time create a security interest in all or any portion of its rights under this Agreement, its Series
2007-1 Class A-1 Advance Note and the Related Documents in favor of any Federal Reserve Bank in accordance with Regulation A of the F.R.S. Board or any similar foreign entity. 
 SECTION 9.04 Survival of Agreement. All covenants, agreements, representations and warranties made herein and in the Series 2007-1 Class A-1
Notes delivered pursuant hereto shall survive the making and the repayment of the Advances, the Swingline Loans and the Letters of Credit and the execution and delivery of this Agreement and the Series 2007-1 Class A-1 Notes and shall continue
in full force and effect until all interest on and principal of the Series 2007-1 Class A-1 Notes, and all other amounts owed to the Lender Parties, the Funding Agents and the Administrative Agent hereunder and under the Series 2007-1
Supplement have been paid in full, all Letters of Credit have expired or been fully cash collateralized in accordance with the terms of this Agreement and the Commitments, the Swingline Commitment and the L/C Commitment have been terminated. In
addition, the obligations of the Co-Issuers and the Lender Parties under Sections 3.05, 3.06, 3.07, 3.08, 9.05, 9.10 and 9.11 shall survive the termination of this Agreement. 
 SECTION 9.05 Payment of Costs and Expenses; Indemnification. 
 (a) Payment of Costs and Expenses. The Co-Issuers jointly and severally agree to pay, on the Series 2007-1 Closing Date (if invoiced on or before such date) or on or before 15 days after written demand (in all
other cases), all reasonable expenses of the Administrative Agent, each initial Funding Agent and each initial Lender Party (including the reasonable fees and out-of-pocket expenses of counsel to each of the foregoing, if any, as well as the fees
and expenses of the Rating Agencies) in connection with (i) the negotiation, preparation, execution and delivery of this Agreement and of each other Related Document, including schedules and exhibits, whether or not the transactions
contemplated hereby or thereby are consummated, and (ii) any amendments, waivers, consents, supplements or other modifications to this Agreement or any other 

  

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Related Document as may from time to time hereafter be proposed. The Co-Issuers further jointly and severally agree to pay, and to hold the Administrative
Agent, each Funding Agent and each Lender Party harmless from all liability for (x) any breach by the Co-Issuers of their obligations under this Agreement, (y) all reasonable costs incurred by the Administrative Agent, such Funding Agent
or such Lender Party in enforcing this Agreement and (z) any Non-Excluded Taxes which may be payable in connection with the execution or delivery of this Agreement, any Borrowing or Swingline Loan hereunder, or the issuance of the Series 2007-1
Class A-1 Notes, any Letter of Credit or any other Related Documents. The Co-Issuers also jointly and severally agree to reimburse the Administrative Agent, such Funding Agent and such Lender Party upon demand for all reasonable out-of-pocket
expenses incurred by the Administrative Agent, such Funding Agent and such Lender Party in connection with (1) the negotiation of any restructuring or “work-out”, whether or not consummated, of the Related Documents and (2) the
enforcement of, or any waiver or amendment requested under or with respect to, this Agreement or any other of the Related Documents. 
 Notwithstanding the foregoing, the Co-Issuers shall have no obligation to reimburse any Lender Party for any of the fees and/or expenses incurred by such Lender Party with respect to its sale or assignment of all or any part of its
respective rights and obligations under this Agreement and the Series 2007-1 Class A-1 Notes pursuant to Section 9.17. 
 (b) Indemnification of the Lender Parties. In consideration of the execution and delivery of this Agreement by the Lender Parties, the Co-Issuers hereby jointly and severally indemnify and hold each Lender Party and each of their
officers, directors, employees and agents (collectively, the “Indemnified Parties”) harmless from and against any and all actions, causes of action, suits, losses, liabilities and damages, and reasonable costs and expenses incurred
in connection therewith (irrespective of whether any such Indemnified Party is a party to the action for which indemnification hereunder is sought and including, without limitation, any liability in connection with the offering and sale of the
Series 2007-1 Class A-1 Notes), including reasonable attorneys’ fees and disbursements (collectively, the “Indemnified Liabilities”), incurred by the Indemnified Parties or any of them (whether in prosecuting or defending
against such actions, suits or claims) to the extent resulting from, or arising out of, or relating to: 
 (i) any transaction
financed or to be financed in whole or in part, directly or indirectly, with the proceeds of any Advance, Swingline Loan or Letter of Credit; or 
 (ii) the entering into and performance of this Agreement and any other Related Document by any of the Indemnified Parties, 
 except for (x) any such Indemnified Liabilities arising for the account of a particular Indemnified Party by reason of the relevant Indemnified Party’s bad faith, gross negligence, willful misconduct or
breach of representation set forth herein and (y) any fees or expenses in connection with the negotiation, preparation, execution and delivery of this Agreement or any of the other Related Documents or any amendments, 

  

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waivers, consents, supplements or other modifications thereto (other than in connection with any enforcement, restructuring or “work-out”). If and
to the extent that the foregoing undertaking may be unenforceable for any reason, the Co-Issuers hereby jointly and severally agree to make the maximum contribution to the payment and satisfaction of each of the Indemnified Liabilities which is
permissible under applicable law. The indemnity set forth in this Section 9.05(b) shall in no event include indemnification for any Taxes which are covered by (or expressly excluded from) the indemnification provided in
Section 3.08 or for any transfer taxes with respect to its sale or assignment of all or any part of its respective rights and obligations under this Agreement and the Series 2006-1 Class A-1 Notes pursuant to
Section 9.17. The Co-Issuers shall give notice to the Rating Agencies of any claim for Indemnified Liabilities made under this Section 9.05(b). 
 (c) Indemnification of the Administrative Agent and each Funding Agent. 
 (i) In
consideration of the execution and delivery of this Agreement by the Administrative Agent and each Funding Agent, the Co-Issuers hereby jointly and severally indemnify and hold the Administrative Agent and each Funding Agent and each of their
officers, directors, employees and agents (collectively, the “Agent Indemnified Parties”) harmless from and against any and all actions, causes of action, suits, losses, liabilities and damages, and reasonable costs and expenses
incurred in connection therewith (irrespective of whether any such Agent Indemnified Party is a party to the action for which indemnification hereunder is sought and including, without limitation, any liability in connection with the offering and
sale of the Series 2007-1 Class A-1 Notes), including reasonable attorneys’ fees and disbursements (collectively, the “Agent Indemnified Liabilities”), incurred by the Agent Indemnified Parties or any of them (whether in
prosecuting or defending against such actions, suits or claims) to the extent resulting from, or arising out of, or relating to the entering into and performance of this Agreement and any other Related Document by any of the Agent Indemnified
Parties, except for (x) any such Agent Indemnified Liabilities arising for the account of a particular Agent Indemnified Party by reason of the relevant Agent Indemnified Party’s bad faith, gross negligence or willful misconduct and
(y) any fees or expenses in connection with the negotiation, preparation, execution and delivery of this Agreement or any of the other Related Documents or any amendments, waivers, consents, supplements or other modifications thereto (other
than in connection with any enforcement, restructuring or “work-out”). If and to the extent that the foregoing undertaking may be unenforceable for any reason, the Co-Issuers hereby jointly and severally agree to make the maximum
contribution to the payment and satisfaction of each of the Agent Indemnified Liabilities which is permissible under applicable law. The indemnity set forth in this Section 9.05(c)(i) shall in no event include indemnification for any
Taxes which are covered by (or expressly excluded from) the indemnification provided in Section 3.08. The Co-Issuers shall give notice to the Rating Agencies of any claim for Agent Indemnified Liabilities made under this
Section 9.05(c)(i). 
  

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 (ii) In consideration of the execution and delivery of this Agreement by the
Administrative Agent and the related Funding Agent, each Committed Note Purchaser, ratably according to its respective Commitment, hereby indemnifies and holds the Administrative Agent and each of its officers, directors, employees and agents
(collectively, the “Administrative Agent Indemnified Parties”) and such Funding Agent and each of its officers, directors, employees and agents (collectively, the “Funding Agent Indemnified Parties,” and together
with the Administrative Agent Indemnified Parties, the “Applicable Agent Indemnified Parties”) harmless from and against any and all actions, causes of action, suits, losses, liabilities and damages, and reasonable costs and
expenses incurred in connection therewith (solely to the extent not reimbursed by or on behalf of the Co-Issuers) (irrespective of whether any such Applicable Agent Indemnified Party is a party to the action for which indemnification hereunder is
sought and including, without limitation, any liability in connection with the offering and sale of the Series 2007-1 Class A-1 Notes), including reasonable attorneys’ fees and disbursements (collectively, the “Applicable Agent
Indemnified Liabilities”), incurred by the Applicable Agent Indemnified Parties or any of them (whether in prosecuting or defending against such actions, suits or claims) to the extent resulting from, or arising out of, or relating to the
entering into and performance of this Agreement and any other Related Document by any of the Applicable Agent Indemnified Parties, except for any such Applicable Agent Indemnified Liabilities arising for the account of a particular Applicable Agent
Indemnified Party by reason of the relevant Applicable Agent Indemnified Party’s bad faith, gross negligence or willful misconduct. If and to the extent that the foregoing undertaking may be unenforceable for any reason, each Committed Note
Purchaser, ratably according to its respective Commitment, hereby agrees to make the maximum contribution to the payment and satisfaction of each of the Applicable Agent Indemnified Liabilities which is permissible under applicable law. The
indemnity set forth in this Section 9.05(c)(ii) shall in no event include indemnification for any Taxes which are covered by (or expressly excluded from) the indemnification provided in Section 3.08. 
 SECTION 9.06 Characterization as Related Document; Entire Agreement. This Agreement shall be deemed to be a Related Document for all purposes of
the Base Indenture and the other Related Documents. This Agreement, together with the Base Indenture, the Series 2007-1 Supplement, the documents delivered pursuant to Article VII and the other Related Documents, including the exhibits
and schedules thereto, contains a final and complete integration of all prior expressions by the parties hereto with respect to the subject matter hereof and shall constitute the entire agreement among the parties hereto with respect to the subject
matter hereof, superseding all previous oral statements and other writings with respect thereto. 
 SECTION 9.07 Notices. All notices,
amendments, waivers, consents and other communications provided to any party hereto under this Agreement shall be in writing and addressed, delivered or transmitted to such party at its address or facsimile number set forth below its signature
hereto, in the case of the Co-Issuers or the Master Servicer, or on Schedule II, in the case of the Lender Parties, the Administrative Agent 
  

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and the Funding Agents, or in each case at such other address or facsimile number as may be designated by such party in a notice to the other parties. Any
notice, if mailed and properly addressed with postage prepaid or if properly addressed and sent by pre-paid courier service, shall be deemed given when received; any notice, if transmitted by facsimile, shall be deemed given when transmitted upon
receipt of electronic confirmation of transmission. 
 SECTION 9.08 Severability of Provisions. Any covenant, provision, agreement or
term of this Agreement that is prohibited or is held to be void or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of the prohibition or unenforceability without invalidating the remaining provisions of
this Agreement. 
 SECTION 9.09 Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the
parties to this Agreement that, for accounting purposes and for all federal, state and local income and franchise tax purposes, the Series 2007-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series
2007-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions. 
 SECTION 9.10 No Proceedings; Limited Recourse. 
 (a) The Securitization Entities. Each of the parties hereto (other than the Co-Issuers) hereby covenants and agrees that, prior to the date which is one year and one day after the payment in full of the last
maturing Note issued by the Co-Issuers pursuant to the Base Indenture, it will not institute against, or join with any other Person in instituting against, any Securitization Entity, any bankruptcy, reorganization, arrangement, insolvency or
liquidation proceedings, or other proceedings, under any federal or state bankruptcy or similar law, all as more particularly set forth in Section 13.13 of the Base Indenture and subject to any retained rights set forth therein;
provided, however, that nothing in this Section 9.10(a) shall constitute a waiver of any right to indemnification, reimbursement or other payment from the Securitization Entities pursuant to this Agreement, the Series
2007-1 Supplement, the Base Indenture or any other Related Document. In the event that a Lender Party (solely in its capacity as such) takes action in violation of this Section 9.10(a), each affected Securitization Entity shall file or
cause to be filed an answer with the bankruptcy court or otherwise properly contesting the filing of such a petition by any such Person against such Securitization Entity or the commencement of such action and raising the defense that such Person
has agreed in writing not to take such action and should be estopped and precluded therefrom and such other defenses, if any, as its counsel advises that it may assert. The provisions of this Section 9.10(a) shall survive the termination
of this Agreement. Nothing contained herein shall preclude participation by a Lender Party in the assertion or defense of its claims in any such proceeding involving any Securitization Entity. The obligations of the Co-Issuers under this Agreement
are solely the limited liability company obligations of the Co-Issuers. 
  

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 (b) The Conduit Investors. Each of the parties hereto (other than the Conduit Investors) hereby
covenants and agrees that it will not, prior to the date which is one year and one day after the payment in full of the latest maturing Commercial Paper or other debt securities or instruments issued by a Conduit Investor, institute against, or join
with any other Person in instituting against, such Conduit Investor, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any federal or state bankruptcy or similar law; provided,
however, that nothing in this Section 9.10(b) shall constitute a waiver of any right to indemnification, reimbursement or other payment from such Conduit Investor pursuant to this Agreement, the Series 2007-1 Supplement, the Base
Indenture or any other Related Document. In the event that the Co-Issuers, the Master Servicer or a Lender Party (solely in its capacity as such) takes action in violation of this Section 9.10(b), such related Conduit Investor may file
an answer with the bankruptcy court or otherwise properly contesting the filing of such a petition by any such Person against such Conduit Investor or the commencement of such action and raising the defense that such Person has agreed in writing not
to take such action and should be estopped and precluded therefrom and such other defenses, if any, as its counsel advises that it may assert. The provisions of this Section 9.10(b) shall survive the termination of this Agreement.
Nothing contained herein shall preclude participation by the Co-Issuers, the Master Servicer or a Lender Party in assertion or defense of its claims in any such proceeding involving a Conduit Investor. The obligations of the Conduit Investors under
this Agreement are solely the corporate obligations of the Conduit Investors. No recourse shall be had for the payment of any amount owing in respect of this Agreement, including any obligation or claim arising out of or based upon this Agreement,
against any stockholder, employee, officer, agent, director, member, affiliate or incorporator of any Conduit Investor; provided, however, nothing in this Section 9.10(b) shall relieve any of the foregoing Persons from any
liability which any such Person may otherwise have for its gross negligence or willful misconduct. 
 SECTION 9.11 Confidentiality.
Each Lender Party agrees that it shall not disclose any Confidential Information to any Person without the prior written consent of the Master Servicer and the Co-Issuers, other than (a) to their Affiliates and their officers, directors,
employees, agents and advisors, including, without limitation, legal counsel and accountants (it being understood that the Person to whom such disclosure is made will be informed of the confidential nature of such Confidential Information and
instructed to keep it confidential), (b) to actual or prospective assignees and participants, and then only on a confidential basis (after obtaining such actual or prospective assignee’s or participant’s agreement to keep such
Confidential Information confidential in a manner substantially similar to this Section 9.11), (c) as requested by a Governmental Authority or self-regulatory organization or required by any law, rule or regulation or judicial
process of which the Co-Issuers or the Master Servicer, as the case may be, has knowledge; provided that each Lender Party may disclose Confidential Information as requested by a Governmental Authority or self-regulatory organization or
required by any law, rule or regulation or judicial process of which the Co-Issuers or the Master Servicer, as the case may be, does not have knowledge if such Lender Party is prohibited by law, rule or regulation from disclosing such requirement to
the Co-Issuers 
  

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or the Master Servicer, as the case may be, (d) to Program Support Providers (after obtaining such Program Support Providers’ agreement to keep
such Confidential Information confidential in a manner substantially similar to this Section 9.11), (e) to any Rating Agency providing a rating for any Notes, (f) to any rating agency providing a rating for the debt of any
Conduit Investor or (f) in the course of litigation with the Co-Issuers, the Master Servicer, any Series 2007-1 Class A Insurer or such Lender Party. 
 “Confidential Information” means information that the Co-Issuers or the Master Servicer furnishes to a Lender Party, but does not include (i) any such information that is or becomes generally
available to the public other than as a result of a disclosure by a Lender Party or other Person to which a Lender Party delivered such information, (ii) any such information that was in the possession of a Lender Party prior to its being
furnished to such Lender Party by the Co-Issuers or the Master Servicer, or (iii) that is or becomes available to a Lender Party from a source other than the Co-Issuers or the Master Servicer; provided that, with respect to clauses
(ii) and (iii) herein, such source is not (x) known to a Lender Party to be bound by a confidentiality agreement with the Co-Issuers, the Master Servicer or any Series 2007-1 Class A Insurer, as the case may be, or
(y) known to a Lender Party to be otherwise prohibited from transmitting the information by a contractual, legal or fiduciary obligation. 
 SECTION 9.12 GOVERNING LAW. THIS AGREEMENT AND ALL MATTERS ARISING UNDER OR IN ANY MANNER RELATING TO THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT
TO THE CHOICE OF LAW PROVISION THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW), AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HERETO SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAW. 
 SECTION 9.13 JURISDICTION. ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY OF THE PARTIES HEREUNDER WITH RESPECT TO THIS AGREEMENT
MAY BE BROUGHT IN ANY STATE OR (TO THE EXTENT PERMITTED BY LAW) FEDERAL COURT OF COMPETENT JURISDICTION SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH PARTY HEREUNDER ACCEPTS FOR
ITSELF AND IN CONNECTION WITH ITS PROPERTIES, GENERALLY AND UNCONDITIONALLY, THE NONEXCLUSIVE JURISDICTION OF THE AFORESAID COURTS, AND IRREVOCABLY AGREES TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION WITH THIS AGREEMENT.

 SECTION 9.14 WAIVER OF JURY TRIAL. ALL PARTIES HEREUNDER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHTS
THEY MAY HAVE TO A TRIAL BY 

  

 49 

 
JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF
DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF THE PARTIES IN CONNECTION HEREWITH OR THEREWITH. ALL PARTIES ACKNOWLEDGE AND AGREE THAT THEY HAVE RECEIVED FULL AND SIGNIFICANT CONSIDERATION FOR THIS PROVISION AND THAT THIS PROVISION IS A
MATERIAL INDUCEMENT FOR ALL PARTIES TO ENTER INTO THIS AGREEMENT. 
 SECTION 9.15 Counterparts. This Agreement may be executed in
any number of counterparts (which may include facsimile) and by the different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original, and all of which together shall constitute one and the same
instrument. 
 SECTION 9.16 Third Party Beneficiary. Each Series 2007-1 Class A Insurer is an express third party beneficiary of
this Agreement. 
 SECTION 9.17 Assignment. 
 (a) Subject to Sections 6.03 and 9.17(f), any Committed Note Purchaser may at any time sell all or any part of its rights and obligations under this Agreement, the Series 2007-1 Class A-1 Advance
Notes and any other Related Documents to which it is a party, with the prior written consent (not to be unreasonably withheld) of the Co-Issuers, the Swingline Lender and the L/C Provider, to one or more financial institutions (an “Acquiring
Committed Note Purchaser”) pursuant to an assignment and assumption agreement, substantially in the form of Exhibit B (the “Assignment and Assumption Agreement”), executed by such Acquiring Committed Note Purchaser, such
assigning Committed Note Purchaser, the Funding Agent with respect to such Committed Note Purchaser, the Co-Issuers, the Swingline Lender and the L/C Provider and delivered to the Administrative Agent; provided that no consent of the
Co-Issuers shall be required for an assignment to another Committed Note Purchaser or any Affiliate of a Committed Note Purchaser or if an Event of Default has occurred and is continuing. 
 (b) Without limiting the foregoing, subject to Sections 6.03 and 9.17(f), each Conduit Investor may assign all or a portion of the Investor
Group Principal Amount with respect to such Conduit Investor and its rights and obligations under this Agreement, the Series 2007-1 Class A-1 Advance Notes and any other Related Documents to which it is a party to a Conduit Assignee with
respect to such Conduit Investor, without the prior written consent of the Co-Issuers. Upon such assignment by a Conduit Investor to a Conduit Assignee, (i) such Conduit Assignee shall be the owner of the Investor Group Principal Amount or such
portion thereof with respect to such Conduit Investor, (ii) the related administrative or managing agent for such Conduit Assignee will act as the Funding Agent for such Conduit Assignee hereunder, with all corresponding rights and powers,
express or implied, granted to the Funding Agent hereunder or under the other Related Documents, (iii) such Conduit Assignee and its 

  

 50 

 
liquidity support provider(s) and credit support provider(s) and other related parties, in each case relating to the Commercial Paper and/or the Series
2007-1 Class A-1 Advance Notes, shall have the benefit of all the rights and protections provided to such Conduit Investor herein and in the other Related Documents (including, without limitation, any limitation on recourse against such Conduit
Assignee as provided in this paragraph), (iv) such Conduit Assignee shall assume all of such Conduit Investor’s obligations, if any, hereunder or under the Base Indenture or under any other Related Document with respect to such portion of
the Investor Group Principal Amount and such Conduit Investor shall be released from such obligations, (v) all distributions in respect of the Investor Group Principal Amount or such portion thereof with respect to such Conduit Investor shall
be made to the applicable Funding Agent on behalf of such Conduit Assignee, (vi) the definition of the term “CP Base Rate” with respect to the portion of the Investor Group Principal Amount with respect to such Conduit Investor, as
applicable funded or maintained with commercial paper issued by such Conduit Assignee from time to time shall be determined in the manner set forth in the definition of “CP Base Rate” applicable to such Conduit Assignee on the basis of the
interest rate or discount applicable to commercial paper issued by such Conduit Assignee (rather than any other Conduit Investor), (vii) the defined terms and other terms and provisions of this Agreement and the other Related Documents shall be
interpreted in accordance with the foregoing, and (viii) if requested by the Funding Agent with respect to such Conduit Assignee, the parties will execute and deliver such further agreements and documents and take such other actions as the
Funding Agent may reasonably request to evidence and give effect to the foregoing. No assignment by any Conduit Investor to a Conduit Assignee of all or any portion of the Investor Group Principal Amount with respect to such Conduit Investor shall
in any way diminish the obligation of the Committed Note Purchasers in the same Investor Group as such Conduit Investor under Section 2.03 to fund any Increase not funded by such Conduit Investor or such Conduit Assignee. 
 Subject to Sections 6.03 and 9.17(f), any Conduit Investor and the related Committed Note Purchaser(s) may at any time sell all or any part of their
respective rights and obligations under this Agreement, the Series 2007-1 Class A-1 Advance Notes and any other Related Documents to which it is a party, with the prior written consent (not to be unreasonably withheld) of the Co-Issuers, the
Swingline Lender and the L/C Provider, to a multi-seller commercial paper conduit, whose commercial paper is rated by at least two of the Specified Rating Agencies and is rated at least “A-1” from Standard & Poor’s,
“P1” from Moody’s and/or “F1” from Fitch, as applicable, and one or more financial institutions providing support to such multi-seller commercial paper conduit (an “Acquiring Investor Group”) pursuant to a
transfer supplement, substantially in the form of Exhibit C (the “Investor Group Supplement” or the “Series 2007-1 Class A-1 Investor Group Supplement”), executed by such Acquiring Investor Group, the
Funding Agent with respect to such Acquiring Investor Group (including the Conduit Investor and the Committed Note Purchasers with respect to such Investor Group), such assigning Conduit Investor and the Committed Note Purchasers with respect to
such Conduit Investor, the Funding Agent with respect to such assigning Conduit Investor and Committed Note Purchasers, the Co-Issuers, the Swingline Lender and the L/C Provider and delivered to the Administrative Agent; provided that no
consent of the Co-Issuers shall be required for an assignment to another Committed Note Purchaser or any Affiliate of a Committed Note Purchaser and its related Conduit Investor or if an Event of Default has occurred and is continuing. 

 

 51 

 (c) Subject to Sections 6.03 and 9.17(f), the Swingline Lender may at any time assign all
its rights and obligations hereunder and under the Series 2007-1 Class A-1 Swingline Note, in whole but not in part, with the prior written consent of the Co-Issuers and the Administrative Agent, which consent shall not be unreasonably
withheld, to a financial institution pursuant to an agreement with, and in form and substance reasonably satisfactory to, the Administrative Agent and the Co-Issuers, whereupon the assignor shall be released from its obligations hereunder;
provided that no consent of the Co-Issuers shall be required if an Event of Default has occurred and is continuing. 
 (d) Subject to
Sections 6.03 and 9.17(f), the L/C Provider may at any time assign all or any portion of its rights and obligations hereunder and under the Series 2007-1 Class A-1 L/C Note with the prior written consent of the Co-Issuers and the
Administrative Agent, which consent shall not be unreasonably withheld, to a financial institution pursuant to an agreement with, and in form and substance reasonably satisfactory to, the Administrative Agent and the Co-Issuers, a copy of which
shall be provided to the Series 2007-1 Class A Lead Insurer, whereupon the assignor shall be released from its obligations hereunder to the extent so assigned; provided that no consent of the Co-Issuers shall be required if an Event of
Default has occurred and is continuing. 
 (e) Any assignment of the Series 2007-1 Class A-1 Notes shall be made in accordance with the
applicable provisions of the Indenture. 
 [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 
  

 52 

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

			
	DOMINO’S PIZZA MASTER ISSUER LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	Address:	 	Domino’s Master Issuer LLC
		 	24 Frank Lloyd Wright Drive
		 	P.O. Box 485
		 	Ann Arbor, MI 48106
	Attention:	 	L. David Mounts
	Facsimile:	 	(866) 282-3872
	
	DOMINO’S IP HOLDER LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	Address:	 	Domino’s IP Holder LLC
		 	24 Frank Lloyd Wright Drive
		 	P.O. Box 485
		 	Ann Arbor, MI 48106
	Attention:	 	L. David Mounts
	Facsimile:	 	(866) 282-3872
	
	DOMINO’S PIZZA DISTRIBUTION LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	Address:	 	Domino’s Pizza Distribution LLC
		 	24 Frank Lloyd Wright Drive
		 	P.O. Box 485
		 	Ann Arbor, MI 48106
	Attention:	 	L. David Mounts
	Facsimile:	 	(866) 282-3872

 [Signature Page to the Class A-1 Note Purchase Agreement] 

			
	 DOMINO’S SPV CANADIAN HOLDING
 COMPANY
INC.

		
	By:	 	  

	Name:	 	
	Title:	 	
	Address:	 	Domino’s SPV Canadian
		 	Holding Company Inc.
		 	24 Frank Lloyd Wright Drive
		 	P.O. Box 485
		 	Ann Arbor, MI 48106
	Attention:	 	L. David Mounts
	Facsimile:	 	(866) 282-3872
	
	DOMINO’S PIZZA LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	Address:	 	Domino’s Pizza LLC
		 	 30 Frank Lloyd Wright Drive
 Ann Arbor, MI
48105

	Attention:	 	L. David Mounts
	Facsimile:	 	(734) 327-7744

 [Signature Page to the Class A-1 Note Purchase Agreement] 

			
	 LEHMAN COMMERCIAL PAPER INC., as
 Administrative Agent

		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to the Class A-1 Note Purchase Agreement] 

			
	 JPMORGAN CHASE BANK, N. A., as L/C
 Provider

		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to the Class A-1 Note Purchase Agreement] 

			
	LEHMAN COMMERCIAL PAPER INC., as Swingline Lender
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to the Class A-1 Note Purchase Agreement] 

			
	 MICA FUNDING, LLC,
 as a Conduit
Investor

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 LEHMAN BROTHERS HOLDINGS INC.,
 as the
related Committed Note Purchaser

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 LEHMAN BROTHERS HOLDINGS INC.,
 as the
related Funding Agent

		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to the Class A-1 Note Purchase Agreement] 

			
	FALCON ASSET SECURITIZATION LLC,
	
	 By: JPMorgan Chase Bank, N.A., its
 attorney-in-fact
 as a Conduit Investor

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 JPMORGAN CHASE BANK, N.A.,
 as the related
Committed Note Purchaser

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 JPMORGAN CHASE BANK, N.A.,
 as the related
Funding Agent

		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to the Class A-1 Note Purchase Agreement] 

			
	 ZANE FUNDING, LLC,
 as a Conduit
Investor

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 ZANE FUNDING, LLC,
 as the related Committed
Note Purchaser

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 MERRILL LYNCH BANK USA,
 as the related
Funding Agent

		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to the Class A-1 Note Purchase Agreement] 

	
	 EXHIBIT A TO CLASS A-1
 NOTE PURCHASE
AGREEMENT

 ADVANCE REQUEST 
 DOMINO’S PIZZA MASTER ISSUER LLC, 
 DOMINO’S IP HOLDER LLC,

 DOMINO’S PIZZA DISTRIBUTION LLC and 
 DOMINO’S SPV CANADIAN HOLDING COMPANY INC. 
 SERIES 2007-1 VARIABLE FUNDING SENIOR NOTES,
CLASS A-1 
 TO: 
 LEHMAN COMMERCIAL PAPER
INC., as Administrative Agent 
 [747 Seventh Avenue 
 New
York, NY 10019] 
 Attention: 
 Ladies and Gentlemen: 

This Advance Request is delivered to you pursuant to Section 2.03 of that certain Series 2007-1 Class A-1 Note Purchase Agreement, dated as
of April 16, 2007 (as amended, supplemented, restated or otherwise modified from time to time, the “Series 2007-1 Class A-1 Note Purchase Agreement”) among Domino’s Master Issuer LLC, the other Co-Issuers named
therein, Domino’s Pizza LLC, as Master Servicer, the Conduit Investors, Committed Note Purchasers and Funding Agents named therein, the L/C Provider and Swingline Lender named therein, and Lehman Commercial Paper Inc., as Administrative Agent
(in such capacity, the “Administrative Agent”). 
 Unless otherwise defined herein or as the context otherwise requires,
terms used herein have the meaning assigned thereto under or as provided in the Recitals and Section 1.01 of the Series 2007-1 Class A-1 Note Purchase Agreement. 
 The undersigned hereby requests that Advances be made in the aggregate principal amount of
$             on                     , 20    .

 [IF CO-ISSUERS ARE ELECTING EURODOLLAR RATE FOR THESE ADVANCES ON THE DATE MADE IN ACCORDANCE WITH SECTION 3.01(b) OF THE CLASS A-1 NOTE
PURCHASE AGREEMENT, ADD THE FOLLOWING SENTENCE: The undersigned hereby elects that the Advances that are not funded at the CP Rate by an Eligible Conduit Investor shall be Eurodollar Advances and the related Eurodollar Interest Period shall commence
on the date of such Eurodollar Advances and end on but excluding the next Quarterly Payment Date.] 
 The undersigned hereby acknowledges
that the delivery of this Advance Request and the acceptance by the undersigned of the proceeds of the Advances requested hereby constitute a representation and warranty by the undersigned that, on the date of such Advances, and before and after
giving effect thereto and to the application of 

  

 A-1 

 
the proceeds therefrom, all conditions set forth in Section 7.03 of the Series 2007-1 Class A-1 Note Purchase Agreement have been satisfied
and all statements set forth in Section 6.01 of the Series 2007-1 Class A-1 Note Purchase Agreement are true and correct. 
 The
undersigned agrees that if prior to the time of the Advances requested hereby any matter certified to herein by it will not be true and correct at such time as if then made, it will immediately so notify both you and each Investor. Except to the
extent, if any, that prior to the time of the Advances requested hereby you and each Investor shall receive written notice to the contrary from the undersigned, each matter certified to herein shall be deemed once again to be certified as true and
correct at the date of such Advances as if then made. 
 Please wire transfer the proceeds of the Advances, first,
$[            ] to the Swingline Lender and $[            ] to the L/C Provider for application to repayment of
outstanding Swingline Loans and Unreimbursed L/C Drawings, as applicable, and, second, pursuant to the following instructions: 
 [insert any other payment instructions] 
 The undersigned has caused this Advance Request to be executed and delivered, and the
certification and warranties contained herein to be made, by its duly Authorized Officer this      day of
                    , 20    . 
  

			
	DOMINO’S PIZZA MASTER ISSUER LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	DOMINO’S IP HOLDER LLC
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 A-2 

			
	DOMINO’S PIZZA DISTRIBUTION LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	DOMINO’S SPV CANADIAN HOLDING COMPANY INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 A-3 

	
	 EXHIBIT A-1 TO CLASS A-1
 NOTE PURCHASE
AGREEMENT

 SWINGLINE LOAN REQUEST 
 DOMINO’S PIZZA MASTER ISSUER LLC, 
 DOMINO’S IP HOLDER LLC,

 DOMINO’S PIZZA DISTRIBUTION LLC and 
 DOMINO’S SPV CANADIAN HOLDING COMPANY INC. 
 SERIES 2007-1 VARIABLE FUNDING SENIOR NOTES,
CLASS A-1 
 TO: 
 LEHMAN COMMERCIAL PAPER
INC., as Swingline Lender 
 [747 Seventh Avenue 
 New
York, NY 10019] 
 Attention: 
 Ladies and Gentlemen: 

This Swingline Loan Request is delivered to you pursuant to Section 2.06 of that certain Series 2007-1 Class A-1 Note Purchase Agreement,
dated as of April 16, 2007 (as amended, supplemented, restated or otherwise modified from time to time, the “Series 2007-1 Class A-1 Note Purchase Agreement”) among Domino’s MASTER ISSUER LLC, the other Co-Issuers
named therein, Domino’s Pizza LLC, as Master Servicer, the Conduit Investors, Committed Note Purchasers and Funding Agents named therein, the L/C Provider named therein, Lehman Commercial Paper Inc., as Swingline Lender (in such capacity, the
“Swingline Lender”) and Lehman Commercial Paper Inc., as Administrative Agent (in such capacity, the “Administrative Agent”). 
 Unless otherwise defined herein or as the context otherwise requires, terms used herein have the meaning assigned thereto under or as provided in the Recitals and Section 1.01 of the Series 2007-1 Class A-1
Note Purchase Agreement. 
 The undersigned hereby requests that Swingline Loans be made in the aggregate principal amount of
$             on                     , 20    .

 The undersigned hereby acknowledges that the delivery of this Swingline Loan Request and the acceptance by the undersigned of the proceeds
of the Swingline Loans requested hereby constitute a representation and warranty by the undersigned that, on the date of such Advances, and before and after giving effect thereto and to the application of the proceeds therefrom, all conditions set
forth in Section 7.03 of the Series 2007-1 Class A-1 Note Purchase Agreement have been satisfied and all statements set forth in Section 6.01 of the Series 2007-1 Class A-1 Note Purchase Agreement are true and correct.

  

 A-1-1 

 The undersigned agrees that if prior to the time of the Swingline Loans requested hereby any matter
certified to herein by it will not be true and correct at such time as if then made, it will immediately so notify you. Except to the extent, if any, that prior to the time of the Swingline Loans requested hereby you shall receive written notice to
the contrary from the undersigned, each matter certified to herein shall be deemed once again to be certified as true and correct at the date of such Swingline Loans as if then made. 
 Please wire transfer the proceeds of the Swingline Loans pursuant to the following instructions: 
 [insert payment instructions] 
 The undersigned has caused this Swingline Loan Request
to be executed and delivered, and the certification and warranties contained herein to be made, by its duly Authorized Officer this      day of
            , 20    . 
  

			
	DOMINO’S PIZZA MASTER ISSUER LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	DOMINO’S IP HOLDER LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	DOMINO’S PIZZA DISTRIBUTION LLC
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 A-1-2 

			
	DOMINO’S SPV CANADIAN HOLDING COMPANY INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 A-1-3 

	
	 EXHIBIT B TO CLASS A-1
 NOTE PURCHASE
AGREEMENT

 ASSIGNMENT AND ASSUMPTION AGREEMENT, dated as of [    ], among
[            ] (the “Transferor”), each purchaser listed as an Acquiring Committed Note Purchaser on the signature pages hereof (each, an “Acquiring Committed Note
Purchaser”), the Funding Agent with respect to such Acquiring Committed Note Purchaser listed on the signature pages hereof (each, a “Funding Agent”), and the Co-Issuers, Swingline Lender and L/C Provider listed on the
signature pages hereof. 
 W I T N E S S E T H: 
 WHEREAS, this Assignment and Assumption Agreement is being executed and delivered in accordance with subsection 9.17(a) of the Series 2007-1
Class A-1 Note Purchase Agreement, dated as of April 16, 2007 (as from time to time amended, supplemented or otherwise modified in accordance with the terms thereof, the “Series 2007-1 Class A-1 Note Purchase
Agreement”; terms defined therein being used herein as therein defined), among the Co-Issuers, the Conduit Investors, Committed Note Purchasers and Funding Agents named therein, the L/C Provider and Swingline Lender named therein,
Domino’s Pizza LLC, as Master Servicer, and Lehman Commercial Paper Inc., as Administrative Agent (in such capacity, the “Administrative Agent”); 
 WHEREAS, each Acquiring Committed Note Purchaser (if it is not already an existing Committed Note Purchaser) wishes to become a Committed Note Purchaser party to the Series 2007-1 Class A-1 Note Purchase
Agreement; and 
 WHEREAS, the Transferor is selling and assigning to each Acquiring Committed Note Purchaser, [all] [a portion of] its
rights, obligations and commitments under the Series 2007-1 Class A-1 Note Purchase Agreement, the Series 2007-1 Class A-1 Advance Notes and each other Related Documents to which it is a party with respect to the percentage of its
Commitment Amount specified on Schedule I attached hereto; 
 NOW, THEREFORE, the parties hereto hereby agree as follows: 

Upon the execution and delivery of this Assignment and Assumption Agreement by each Acquiring Committed Note Purchaser, each related Funding Agent, the
Transferor, the Swingline Lender, the L/C Provider and, to the extent required by Section 9.17(a) of the Series 2007-1 Class A-1 Note Purchase Agreement, the Co-Issuers (the date of such execution and delivery, the “Transfer
Issuance Date”), each Acquiring Committed Note Purchaser shall be a Committed Note Purchaser party to the Series 2007-1 Class A-1 Note Purchase Agreement for all purposes thereof. 
 The Transferor acknowledges receipt from each Acquiring Committed Note Purchaser of an amount equal to the purchase price, as agreed between the
Transferor and such Acquiring Committed Note Purchaser (the “Purchase Price”), of the portion being purchased by such Acquiring Committed Note Purchaser (such Acquiring Committed Note Purchaser’s “Purchased
Percentage”) of (i) the Transferor’s Commitment under the Series 2007-1 Class A-1 Note Purchase Agreement and (ii) the Transferor’s Committed Note Purchaser Percentage of the 

  

 B-1 

 
related Investor Group Principal Amount. The Transferor hereby irrevocably sells, assigns and transfers to each Acquiring Committed Note Purchaser, without
recourse, representation or warranty, and each Acquiring Committed Note Purchaser hereby irrevocably purchases, takes and assumes from the Transferor, such Acquiring Committed Note Purchaser’s Purchased Percentage of (x) the
Transferor’s Commitment under the Series 2007-1 Class A-1 Note Purchase Agreement and (y) the Transferor’s Committed Note Purchaser Percentage of the related Investor Group Principal Amount. 
 The Transferor has made arrangements with each Acquiring Committed Note Purchaser with respect to [(i)] the portion, if any, to be paid, and the
date or dates for payment, by the Transferor to such Acquiring Committed Note Purchaser of any program fees, undrawn facility fee, structuring and commitment fees or other fees (collectively, the “Fees”) [heretofore received] by the
Transferor pursuant to Section 3.02 of the Series 2007-1 Class A-1 Note Purchase Agreement prior to the Transfer Issuance Date [and (ii) the portion, if any, to be paid, and the date or dates for payment, by such Acquiring Committed
Note Purchaser to the Transferor of Fees or [                    ] received by such Acquiring Committed Note Purchaser pursuant to the Series
2007-1 Supplement from and after the Transfer Issuance Date]. 
 From and after the Transfer Issuance Date, amounts that would otherwise be
payable to or for the account of the Transferor pursuant to the Series 2007-1 Supplement or the Series 2007-1 Class A-1 Note Purchase Agreement shall, instead, be payable to or for the account of the Transferor and the Acquiring Committed Note
Purchasers, as the case may be, in accordance with their respective interests as reflected in this Assignment and Assumption Agreement, whether such amounts have accrued prior to the Transfer Issuance Date or accrue subsequent to the Transfer
Issuance Date. 
 Each of the parties to this Assignment and Assumption Agreement agrees that at any time and from time to time upon the
written request of any other party, it will execute and deliver such further documents and do such further acts and things as such other party may reasonably request in order to effect the purposes of this Assignment and Assumption Agreement.

 By executing and delivering this Assignment and Assumption Agreement, the Transferor and each Acquiring Committed Note Purchaser confirm
to and agree with each other and the other parties to the Series 2007-1 Class A-1 Note Purchase Agreement as follows: (i) other than the representation and warranty that it is the legal and beneficial owner of the interest being assigned
hereby free and clear of any adverse claim, the Transferor makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Series 2007-1 Supplement,
the Series 2007-1 Class A-1 Note Purchase Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Indenture, the Series 2007-1 Class A-1 Notes, the Related Documents or any instrument or
document furnished pursuant thereto; (ii) the Transferor makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Co-Issuers or the performance or observance by the Co-Issuers of any of
the Co-Issuer’s obligations under the Indenture, the Series 2007-1 Class A-1 Note Purchase Agreement, the Related Documents or any other instrument or document furnished pursuant 

  

 B-2 

 
hereto; (iii) each Acquiring Committed Note Purchaser confirms that it has received a copy of the Indenture, the Series 2007-1 Class A-1 Note
Purchase Agreement and such other Related Documents and other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption Agreement; (iv) each Acquiring
Committed Note Purchaser will, independently and without reliance upon the Administrative Agent, the Transferor, the Funding Agent or any other Investor Group and based on such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under the Series 2007-1 Class A-1 Note Purchase Agreement; (v) each Acquiring Committed Note Purchaser appoints and authorizes the Administrative Agent to take such
action as agent on its behalf and to exercise such powers under the Series 2007-1 Class A-1 Note Purchase Agreement as are delegated to the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental
thereto, all in accordance with Article V of the Series 2007-1 Class A-1 Note Purchase Agreement; (vi) each Acquiring Committed Note Purchaser appoints and authorizes the related Funding Agent to take such action as agent on its
behalf and to exercise such powers under the Series 2007-1 Class A-1 Note Purchase Agreement as are delegated to such Funding Agent by the terms thereof, together with such powers as are reasonably incidental thereto, all in accordance with
Article V of the Series 2007-1 Class A-1 Note Purchase Agreement; (vii) each Acquiring Committed Note Purchaser agrees that it will perform in accordance with their terms all of the obligations which by the terms of the Series
2007-1 Class A-1 Note Purchase Agreement are required to be performed by it as an Acquiring Committed Note Purchaser; and (viii) the Acquiring Committed Note Purchaser hereby represents and warrants to the Co-Issuers and the Master
Servicer that the representations and warranties contained in Section 6.03 of the Series 2007-1 Class A-1 Note Purchase Agreement are true and correct with respect to the Acquiring Committed Note Purchaser on and as of the date hereof and
the Acquiring Committed Note Purchaser shall be deemed to have made such representations and warranties contained in Section 6.03 of the Series 2007-1 Class A-1 Note Purchase Agreement on and as of the date hereof. 
 Schedule I hereto sets forth (i) the Purchased Percentage for each Acquiring Committed Note Purchaser, (ii) the revised Commitment
Amounts of the Transferor and each Acquiring Committed Note Purchaser, and (iii) the revised Maximum Investor Group Principal Amounts for the Investor Groups of the Transferor and each Acquiring Committed Note Purchaser (it being understood
that if the Transferor was part of a Conduit Investor’s Investor Group and the Acquiring Committed Note Purchaser is intended to be part of the same Investor Group, there will not be any change to the Maximum Investor Group Principal Amount for
that Investor Group) and (iv) administrative information with respect to each Acquiring Committed Note Purchaser and its Funding Agent. 
 This Assignment and Assumption Agreement and all matters arising under or in any manner relating to this Assignment and Assumption Agreement shall be governed by, and construed in accordance with, the laws of the State of New York, and the
obligations, rights and remedies of the parties hereto shall be determined in accordance with such law. 
  

 B-3 

 IN WITNESS WHEREOF, the parties hereto have caused this Assignment and Assumption Agreement to be
executed by their respective duly authorized officers as of the date first set forth above. 
  

			
	[            ], as Transferor
		
	By:	 	  

	Title:	 	
		
	By:	 	  

	Title:	 	
	
	 [            ], as Acquiring Committed Note
 Purchaser

		
	By:	 	  

	Title:	 	
	
	[            ], as Funding Agent
		
	By:	 	  

	Title:	 	

  

 B-4 

			
	CONSENTED AND ACKNOWLEDGED BY
	THE CO-ISSUERS:
	
	DOMINO’S PIZZA MASTER ISSUER LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	DOMINO’S IP HOLDER LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	DOMINO’S PIZZA DISTRIBUTION LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 DOMINO’S SPV CANADIAN HOLDING
 COMPANY
INC.

		
	By:	 	  

	Name:	 	
	Title:	 	

  

 B-5 

			
	CONSENTED BY:
	
	 LEHMAN COMMERCIAL PAPER INC., as
     Swingline Lender

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 JPMORGAN CHASE BANK, NATIONAL
     ASSOCIATION, as L/C Provider

		
	By:	 	  

	Name:	 	
	Title:	 	

  

 B-6 

	
	SCHEDULE I TO ASSIGNMENT
	AND ASSUMPTION AGREEMENT

 LIST OF ADDRESSES FOR NOTICES 
 AND OF COMMITMENT AMOUNTS 
 [                            ], as 
 Transferor 
  

			
	Prior Commitment Amount:	  	$[            ]
		
	Revised Commitment Amount:	  	$[            ]
		
	Prior Maximum Investor Group Principal Amount:	  	$[            ]
		
	 Revised Maximum Investor
 Group Principal
Amount:
	  	$[            ]
		
	 Related Conduit Investor
 (if
applicable)
	  	[            ]

 [                            ], as 
 Acquiring Committed Note Purchaser 
 Address: 
 Attention: 
 Telephone: 
 Facsimile: 
 Purchased Percentage of 
 Transferor’s Commitment: [            ]% 
  

			
	Prior Commitment Amount:	  	$[            ]
		
	Revised Commitment Amount:	  	$[            ]
		
	Prior Maximum Investor Group Principal Amount:	  	$[            ]

  

 B-7 

			
	 Revised Maximum Investor
 Group Principal Amount:
	  	$[            ]
		
	 Related Conduit Investor
 (if
applicable)
	  	  [            ]

 [                                ], as 
 related Funding Agent 
 Address: 
 Attention: 
 Telephone: 
 Facsimile: 
  

 B-8 

	
	 EXHIBIT C TO CLASS A-1
 NOTE PURCHASE
AGREEMENT

 INVESTOR GROUP SUPPLEMENT, dated as of
[            ], among (i) [            ] (the “Transferor Investor Group”),
(ii) [            ] (the “Acquiring Investor Group”), (iii) the Funding Agent with respect to the Acquiring Investor Group listed on the signature pages
hereof (each, a “Funding Agent”), and (iv) the Co-Issuers, the Swingline Lender and the L/C Provider listed on the signature pages hereof. 
 W I T N E S S E T H: 
 WHEREAS, this
Investor Group Supplement is being executed and delivered in accordance with subsection 9.17(c) of the Series 2007-1 Class A-1 Note Purchase Agreement, dated as of April 16, 2007 (as from time to time amended, supplemented or otherwise
modified in accordance with the terms thereof, the “Series 2007-1 Class A-1 Note Purchase Agreement”; terms defined therein being used herein as therein defined), among the Co-Issuers, the Conduit Investors, Committed Note
Purchasers and Funding Agents named therein, the L/C Provider and Swingline Lender named therein, Domino’s Pizza LLC, as Master Servicer, and Lehman Commercial Paper Inc., as Administrative Agent (in such capacity, the “Administrative
Agent”); 
 WHEREAS, the Acquiring Investor Group wishes to become a Conduit Investor and [a] Committed Note Purchaser[s] with
respect to such Conduit Investor under the Series 2007-1 Class A-1 Note Purchase Agreement; and 
 WHEREAS, the Transferor Investor
Group is selling and assigning to the Acquiring Investor Group [all] [a portion of] its respective rights, obligations and commitments under the Series 2007-1 Class A-1 Note Purchase Agreement, the Series 2007-1 Class A-1 Advance Notes and
each other Related Document to which it is a party with respect to the percentage of its Commitment Amount specified on Schedule I attached hereto; 
 NOW, THEREFORE, the parties hereto hereby agree as follows: 
 Upon the execution and delivery of this
Investor Group Supplement by the Acquiring Investor Group, each related Funding Agent with respect thereto, the Transferor Investor Group, the Swingline Lender, the L/C Provider and, to the extent required by Section 9.17(c) of the Series
2007-1 Class A-1 Note Purchase Agreement, the Co-Issuers (the date of such execution and delivery, the “Transfer Issuance Date”), the Conduit Investor and the Committed Note Purchaser[s] with respect to the Acquiring Investor
Group shall be parties to the Series 2007-1 Class A-1 Note Purchase Agreement for all purposes thereof. 
 The Transferor Investor Group
acknowledges receipt from the Acquiring Investor Group of an amount equal to the purchase price, as agreed between the Transferor Investor Group and the Acquiring Investor Group (the “Purchase Price”), of the portion being purchased
by the Acquiring Investor Group (the Acquiring Investor Group’s “Purchased Percentage”) of (i) the aggregate Commitment[s] of the Committed Note Purchaser[s] included in the Transferor Investor Group under the Series
2007-1 

  

 C-1 

 
Class A-1 Note Purchase Agreement and (ii) the aggregate related Committed Note Purchaser Percentage[s] of the related Investor Group Principal
Amount. The Transferor Investor Group hereby irrevocably sells, assigns and transfers to the Acquiring Investor Group, without recourse, representation or warranty, and the Acquiring Investor Group hereby irrevocably purchases, takes and assumes
from the Transferor Investor Group, such Acquiring Investor Group’s Purchased Percentage of (x) the aggregate Commitment[s] of the Committed Note Purchaser[s] included in the Transferor Investor Group under the Series 2007-1 Class A-1
Note Purchase Agreement and (y) the aggregate related Committed Note Purchaser Percentage[s] of the related Investor Group Principal Amount. 
 The Transferor Investor Group has made arrangements with the Acquiring Investor Group with respect to [(i)] the portion, if any, to be paid, and the date or dates for payment, by the Transferor Investor Group to such Acquiring Investor
Group of any program fees, undrawn facility fee, structuring and commitment fees or other fees (collectively, the “Fees”) [heretofore received] by the Transferor Investor Group pursuant to Section 3.02 of the Series 2007-1
Class A-1 Note Purchase Agreement prior to the Transfer Issuance Date [and (ii) the portion, if any, to be paid, and the date or dates for payment, by such Acquiring Investor Group to the Transferor Investor Group of Fees or
[            ] received by such Acquiring Investor Group pursuant to the Series 2007-1 Supplement from and after the Transfer Issuance Date]. 
 From and after the Transfer Issuance Date, amounts that would otherwise be payable to or for the account of the Transferor Investor Group pursuant to the
Series 2007-1 Supplement or the Series 2007-1 Class A-1 Note Purchase Agreement shall, instead, be payable to or for the account of the Transferor Investor Group and the Acquiring Investor Group, as the case may be, in accordance with their
respective interests as reflected in this Investor Group Supplement, whether such amounts have accrued prior to the Transfer Issuance Date or accrue subsequent to the Transfer Issuance Date. 
 Each of the parties to this Investor Group Supplement agrees that at any time and from time to time upon the written request of any other party, it will
execute and deliver such further documents and do such further acts and things as such other party may reasonably request in order to effect the purposes of this Investor Group Supplement. 
 By executing and delivering this Investor Group Supplement, the Transferor Investor Group and the Acquiring Investor Group confirm to and agree with each
other and the other parties to the Series 2007-1 Class A-1 Note Purchase Agreement as follows: (i) other than the representation and warranty that it is the legal and beneficial owner of the interest being assigned hereby free and clear of
any adverse claim, the Transferor Investor Group makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Series 2007-1 Supplement, the Series
2007-1 Class A-1 Note 

  

 C-2 

 
Purchase Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Indenture, the Series 2007-1 Class A-1
Notes, the Related Documents or any instrument or document furnished pursuant thereto; (ii) the Transferor Investor Group makes no representation or warranty and assumes no responsibility with respect to the financial condition of the
Co-Issuers or the performance or observance by the Co-Issuers of any of the Co-Issuers’ obligations under the Indenture, the Series 2007-1 Class A-1 Note Purchase Agreement, the Related Documents or any other instrument or document
furnished pursuant hereto; (iii) the Acquiring Investor Group confirms that it has received a copy of the Indenture, the Series 2007-1 Class A-1 Note Purchase Agreement and such other Related Documents and other documents and information
as it has deemed appropriate to make its own credit analysis and decision to enter into this Investor Group Supplement; (iv) the Acquiring Investor Group will, independently and without reliance upon the Administrative Agent, the Transferor
Investor Group, the Funding Agents or any other Person and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Series 2007-1
Class A-1 Note Purchase Agreement; (v) the Acquiring Investor Group appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Series 2007-1 Class A-1 Note
Purchase Agreement as are delegated to the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto, all in accordance with Article V of the Series 2007-1 Class A-1 Note Purchase
Agreement; (vi) each member of the Acquiring Investor Group appoints and authorizes the related Funding Agent, listed on Schedule I hereto, to take such action as agent on its behalf and to exercise such powers under the Series 2007-1
Class A-1 Note Purchase Agreement as are delegated to such Funding Agent by the terms thereof, together with such powers as are reasonably incidental thereto, all in accordance with Article V of the Series 2007-1 Class A-1 Note
Purchase Agreement; (vii) each member of the Acquiring Investor Group agrees that it will perform in accordance with their terms all of the obligations which by the terms of the Series 2007-1 Class A-1 Note Purchase Agreement are required
to be performed by it as a member of the Acquiring Investor Group; and (viii) each member of the Acquiring Investor Group hereby represents and warrants to the Co-Issuers and the Master Servicer that the representations and warranties contained
in Section 6.03 of the Series 2007-1 Class A-1 Note Purchase Agreement are true and correct with respect to the Acquiring Investor Group on and as of the date hereof and the Acquiring Investor Group shall be deemed to have made such
representations and warranties contained in Section 6.03 of the Series 2007-1 Class A-1 Note Purchase Agreement on and as of the date hereof. 
 Schedule I hereto sets forth (i) the Purchased Percentage for the Acquiring Investor Group, (ii) the revised Commitment Amounts of the Transferor Investor Group and the Acquiring Investor Group, and
(iii) the revised Maximum Investor Group Principal Amounts for the Transferor Investor Group and the Acquiring Investor Group and (iv) administrative information with respect to the Acquiring Investor Group and its Funding Agent.

  

 C-3 

 This Investor Group Supplement and all matters arising under or in any manner relating to this Investor
Group Supplement shall be governed by, and construed in accordance with, the laws of the State of New York, and the obligations, rights and remedies of the parties hereto shall be determined in accordance with such law. 
  

 C-4 

 IN WITNESS WHEREOF, the parties hereto have caused this Investor Group Supplement to be executed by their
respective duly authorized officers as of the date first set forth above. 
  

			
	[            ], as Transferor Investor Group
		
	By:	 	  

	Title:	 	
	
	[            ], as Acquiring Investor Group
		
	By:	 	  

	Title:	 	
	
	[            ], as Funding Agent
		
	By:	 	  

	Title:	 	

  

 C-5 

			
	CONSENTED AND ACKNOWLEDGED
	BY THE CO-ISSUERS:
	
	DOMINO’S PIZZA MASTER ISSUER LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	DOMINO’S IP HOLDER LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	DOMINO’S PIZZA DISTRIBUTION LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 DOMINO’S SPV CANADIAN HOLDING
 COMPANY
INC.

		
	By:	 	  

	Name:	 	
	Title:	 	

  

 C-6 

			
	CONSENTED BY:
	
	 LEHMAN COMMERCIAL PAPER INC.,
     as Swingline Lender

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 JPMORGAN CHASE BANK, NATIONAL
     ASSOCIATION, as L/C Provider

		
	By:	 	  

	Name:	 	
	Title:	 	

  

 C-7

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