Document:

EX-4.2

 Exhibit 4.2 

 
  

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, Series 2017-1 Securities Intermediary and Calculation Agent 

 
  

SERIES 2017-1 SUPPLEMENT 

Dated as of July 24, 2017 

to 
 AMENDED AND
RESTATED BASE INDENTURE 
 Dated as of March 15, 2012 

 
  

$175,000,000 Series 2017-1 Variable Funding Senior Secured Notes, Class A-1 

$300,000,000 Series 2017-1 Floating Rate Senior Secured Notes, Class A-2-I(FL) 

$600,000,000 Series 2017-1 3.082% Fixed Rate Senior Secured Notes, Class A-2-II(FX) 

$1,000,000,000 Series 2017-1 4.118% Fixed Rate Senior Secured Notes, Class A-2-III(FX) 

 
  

 Table of Contents 

 

			
	 	  	Page
		
	 PRELIMINARY STATEMENT
	  	1
		
	 DESIGNATION
	  	1
		
	 ARTICLE I DEFINITIONS
	  	2
		
	 ARTICLE II INITIAL ISSUANCE, INCREASES AND DECREASES OF SERIES 2017-1 CLASS A-1 OUTSTANDING
PRINCIPAL AMOUNT AND COMMITMENT AMOUNTS
	  	2
		
	 Section 2.1 Procedures for Issuing and Increasing the Series 2017-1 Class A-1 Outstanding
Principal Amount
	  	2
		
	 Section 2.2 Procedures for Decreasing the Series 2017-1 Class A-1 Outstanding Principal
Amount
	  	3
		
	 Section 2.3 Procedures for Increasing the Series 2017-1 Class A-1 Maximum Principal
Amount
	  	5
		
	 ARTICLE III SERIES 2017-1 ALLOCATIONS; PAYMENTS
	  	5
		
	 Section 3.1 Allocations with Respect to the Series 2017-1 Notes
	  	5
		
	 Section 3.2 Application of Weekly Collections on Weekly Allocation Dates to the Series 2017-1
Notes; Quarterly Payment Date Applications
	  	5
		
	 Section 3.3 Certain Distributions from Series 2017-1 Distribution Accounts
	  	8
		
	 Section 3.4 Series 2017-1 Class A-1 Interest and Certain Fees
	  	8
		
	 Section 3.5 Series 2017-1 Class A-2 Interest
	  	9
		
	 Section 3.6 Payment of Series 2017-1 Note Principal
	  	10
		
	 Section 3.7 Series 2017-1 Class A-1 Distribution Account
	  	17
		
	 Section 3.8 Series 2017-1 Class A-2 Distribution Account
	  	18
		
	 Section 3.9 Trustee as Securities Intermediary and Calculation Agent
	  	19
		
	 Section 3.10 Manager
	  	22
		
	 Section 3.11 Replacement of Ineligible Accounts
	  	22

			
		
	 ARTICLE IV FORM OF SERIES 2017-1 NOTES
	  	22
		
	 Section 4.1 Issuance of Series 2017-1 Class A-1 Notes
	  	22
		
	 Section 4.2 Issuance of Series 2017-1 Class A-2 Notes
	  	24
		
	 Section 4.3 Transfer Restrictions of Series 2017-1 Class A-1 Notes
	  	25
		
	 Section 4.4 Transfer Restrictions of Series 2017-1 Class A-2 Notes
	  	28
		
	 Section 4.5 Reserved
	  	34
		
	 Section 4.6 Note Owner Representations and Warranties
	  	34
		
	 ARTICLE V GENERAL
	  	36
		
	 Section 5.1 Information
	  	36
		
	 Section 5.2 Exhibits
	  	37
		
	 Section 5.3 Ratification of Base Indenture
	  	37
		
	 Section 5.4 Certain Notices to the Rating Agencies
	  	37
		
	 Section 5.5 Prior Notice by Trustee to the Controlling Class Representative and Control
Party
	  	37
		
	 Section 5.6 Counterparts
	  	37
		
	 Section 5.7 Governing Law
	  	37
		
	 Section 5.8 Amendments
	  	37
		
	 Section 5.9 Termination of Series Supplement
	  	38
		
	 Section 5.10 Entire Agreement
	  	38
		
	 Section 5.11 Fiscal Year End
	  	38
		
	 ANNEXES
	  	
		
	 Annex A Series 2017-1 Supplemental Definitions List
	  	
		
	 EXHIBITS
	  	
		
	 Exhibit A-1-1: Form of Series 2017-1 Class A-1 Advance Note
	  	

  
 ii 

			
		
	 Exhibit A-1-2:
	  	Form of Series 2017-1 Class A-1 Swingline Note
		
	 Exhibit A-1-3:
	  	Form of Series 2017-1 Class A-1 L/C Note
		
	 Exhibit A-2-1:
	  	Form of Restricted Global Series 2017-1 Class A-2-I(FL) Note
		
	 Exhibit A-2-2:
	  	Form of Regulation S Global Series 2017-1 Class A-2-I(FL) Note
		
	 Exhibit A-2-3:
	  	Form of Unrestricted Global Series 2017-1 Class A-2-I(FL) Note
		
	 Exhibit A-2-4:
	  	Form of Restricted Global Series 2017-1 Class A-2-II(FX) Note
		
	 Exhibit A-2-5:
	  	Form of Regulation S Global Series 2017-1 Class A-2-II(FX) Note
		
	 Exhibit A-2-6:
	  	Form of Unrestricted Global Series 2017-1 Class A-2-II(FX) Note
		
	 Exhibit A-2-7:
	  	Form of Restricted Global Series 2017-1 Class A-2-III(FX) Note
		
	 Exhibit A-2-8:
	  	Form of Regulation S Global Series 2017-1 Class A-2-III(FX) Note
		
	 Exhibit A-2-9:
	  	Form of Unrestricted Global Series 2017-1 Class A-2-III(FX) Note
		
	 Exhibit B-1:
	  	Form of Transfer Certificate for Transfers of Series 2017-1 Class A-1 Notes
		
	 Exhibit B-2:
	  	Form of Transferee Certificate for Series 2017-1 Class A-2-I(FL) Notes, Series 2017-1 Class A-2-II(FX) Notes or Series 2017-1 Class A-2-III(FX) Notes for Transfers of Interests in Restricted Global Notes to Interests in Regulation S
Global Notes
		
	 Exhibit B-3:
	  	Form of Transferee Certificate for Series 2017-1 Class A-2-I(FL) Notes, Series 2017-1 Class A-2-II(FX) Notes or Series 2017-1 Class A-2-III(FX) Notes for Transfers of Interests in Restricted Global Notes to Interests in Unrestricted
Global Notes
		
	 Exhibit B-4:
	  	Form of Transferee Certificate for Series 2017-1 Class A-2-I(FL) Notes, Series 2017-1 Class A-2-II(FX) Notes or Series 2017-1 Class A-2-III(FX) Notes for Transfers of Interest in Regulation S Global Notes or Unrestricted Global
Notes to Persons Taking Delivery in the Form of an Interest in a Restricted Global Note
		
	 Exhibit C:
	  	Form of Quarterly Noteholders’ Statement

  
 iii 

 SERIES 2017-1 SUPPLEMENT, dated as of July 24, 2017 (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”), as Series 2017-1 Securities Intermediary and as Calculation Agent, to the Base Indenture, dated as March 15, 2012, by and among the Co-Issuers and CITIBANK, N.A., as Trustee and
Securities Intermediary (as amended, modified or supplemented from time to time, exclusive of Series Supplements, the “Base Indenture”). 

PRELIMINARY STATEMENT 

WHEREAS, Sections 2.2 and 13.1 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 2017-1 Notes. On the Series 2017-1 Closing Date, the following classes and subclasses of
Notes of such Series shall be issued: (a) $175,000,000 Series 2017-1 Variable Funding Senior Secured Notes, Class A-1 (as referred to herein, the “Series 2017-1 Class A-1 Notes”) or the “Series 2017-1 Variable
Funding Senior Notes, Class A-1”), which shall be issued in three Subclasses consisting of (i) the Series 2017-1 Class A-1 Advance Notes (as referred to herein, the “Series 2017-1 Class A-1 Advance
Notes”), (ii) the Series 2017-1 Class A-1 Swingline Notes (as referred to herein, the “Series 2017-1 Class A-1 Swingline Notes”) and (iii) the Series 2017-1 Class A-1 L/C Notes (as referred to
herein, the “Series 2017-1 Class A-1 L/C Notes”), and (b) three Subclasses of Class A-2 Notes, consisting of (i) $300,000,000 Series 2017-1 Floating Rate Senior Secured Notes, Class A-2-I(FL) (as referred to
herein, the “Series 2017-1 Class A-2-I(FL) Notes”), (ii) $600,000,000 Series 2017-1 3.082% Fixed Rate Senior Secured Notes, Class A-2-II(FX) (as referred to herein, the “Series 2017-1 Class A-2-II(FX)
Notes”) and (iii) $1,000,000,000 Series 2017-1 4.118% Fixed Rate Senior Secured Notes, Class A-2-III(FX) (as referred to herein, the “Series 2017-1 Class A-2-III(FX) Notes”, and together with the Series
2017-1 Class A-2-I(FL) Notes and the Series 2017-1 Class A-2-II(FX) Notes, the “Series 2017-1 Class A-2 Notes”). For purposes of the Indenture, the Series 2017-1 Class A-1 Notes, the Series 2017-1
Class A-2-I(FL) Notes, the Series 2017-1 Class A-2-II(FX) Notes and the Series 2017-1 Class A-2-III(FX) Notes shall be deemed to be “Senior Notes.” 

 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 2017-1 Supplemental Definitions List attached hereto as Annex A (the “Series 2017-1
Supplemental Definitions List”) as such Series 2017-1 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
2017-1 Notes and not to any other Series of Notes issued by the Co-Issuers. 
 ARTICLE II 

INITIAL ISSUANCE, INCREASES AND DECREASES OF 

SERIES 2017-1 CLASS A-1 OUTSTANDING PRINCIPAL AMOUNT AND 

COMMITMENT AMOUNTS 

Section 2.1 Procedures for Issuing and Increasing the Series 2017-1 Class A-1 Outstanding Principal Amount. 

(a) Subject to satisfaction of the conditions precedent to the making of Series 2017-1 Class A-1 Advances set forth in the Series 2017-1
Class A-1 Note Purchase Agreement, (i) on the Series 2017-1 Closing Date, the Master Issuer may cause the Series 2017-1 Class A-1 Initial Advance Principal Amount to become outstanding by drawing ratably, at par, the initial principal
amounts of the Series 2017-1 Class A-1 Advance Notes corresponding to the aggregate amount of the Series 2017-1 Class A-1 Advances made on the Series 2017-1 Closing Date (the “Series 2017-1 Class A-1 Initial Advance”)
and (ii) on any Business Day during the Commitment Term that does not occur during a Cash Trapping Period, the Co-Issuers may increase the Series 2017-1 Class A-1 Outstanding Principal Amount (such increase referred to as an
“Increase”), by drawing ratably (or as otherwise set forth in the Series 2017-1 Class A-1 Note Purchase Agreement), at par, additional principal amounts on the Series 2017-1 Class A-1 Advance Notes corresponding to the
aggregate amount of the Series 2017-1 Class A-1 Advances made on such Business Day; provided that at no time may the Series 2017-1 Class A-1 Outstanding Principal Amount exceed the Series 2017-1 Class A-1 Maximum Principal
Amount. The Series 2017-1 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 2017-1 Class A-1 Note Purchase

  
 2 

 
Agreement and shall be ratably (except as otherwise set forth in the Series 2017-1 Class A-1 Note Purchase Agreement) allocated among the Series 2017-1 Class A-1 Noteholders (other than
the Series 2017-1 Class A-1 Subfacility Noteholders in their capacity as such) as provided therein. Proceeds from the Series 2017-1 Class A-1 Initial Advance and each Increase shall be paid as directed by the Co-Issuers in the applicable
Series 2017-1 Class A-1 Advance Request or as otherwise set forth in the Series 2017-1 Class A-1 Note Purchase Agreement. Upon receipt of written notice from the Co-Issuers or the Series 2017-1 Class A-1 Administrative Agent of the
Series 2017-1 Class A-1 Initial Advance and any Increase, the Trustee shall indicate in its books and records the amount of the Series 2017-1 Class A-1 Initial Advance or such Increase, as applicable. 

(b) Subject to satisfaction of the applicable conditions precedent set forth in the Series 2017-1 Class A-1 Note Purchase Agreement, on
the Series 2017-1 Closing Date, the Co-Issuers may cause (i) the Series 2017-1 Class A-1 Initial Swingline Principal Amount to become outstanding by drawing, at par, the initial principal amounts of the Series 2017-1 Class A-1
Swingline Notes corresponding to the aggregate amount of the Series 2017-1 Class A-1 Swingline Loans made on the Series 2017-1 Closing Date pursuant to Section 2.06 of the Series 2017-1 Class A-1 Note Purchase Agreement (the
“Series 2017-1 Class A-1 Initial Swingline Loan”) and (ii) the Series 2017-1 Class A-1 Initial Aggregate Undrawn L/C Face Amount to become outstanding by drawing, at par, the initial principal amounts of the Series
2017-1 Class A-1 L/C Notes corresponding to the aggregate Undrawn L/C Face Amount of the Letters of Credit issued on the Series 2017-1 Closing Date pursuant to Section 2.07 of the Series 2017-1 Class A-1 Note Purchase
Agreement; provided that at no time may the Series 2017-1 Class A-1 Outstanding Principal Amount exceed the Series 2017-1 Class A-1 Maximum Principal Amount. The procedures relating to increases in the Series 2017-1 Class A-1
Outstanding Subfacility Amount (each such increase referred to as a “Subfacility Increase”) through borrowings of Series 2017-1 Class A-1 Swingline Loans and issuance or incurrence of Series 2017-1 Class A-1 L/C
Obligations are set forth in the Series 2017-1 Class A-1 Note Purchase Agreement. Upon receipt of written notice from the Co-Issuers or the Series 2017-1 Class A-1 Administrative Agent of the issuance of the Series 2017-1 Class A-1
Initial Swingline Principal Amount and the Series 2017-1 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 2017-1 Class A-1 Outstanding Principal Amount. 

(a) Mandatory Decrease. Whenever a Series 2017-1 Class A-1 Excess Principal Event shall have occurred, then, on or before the
third Business Day immediately following the date on which the Manager or any Co-Issuer obtains knowledge of such Series 2017-1 Class A-1 Excess Principal Event, the Co-Issuers shall deposit in the Series 2017-1 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 2017-1 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 2017-1 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 2017-1 Class A-1 Outstanding Principal Amount on 

  
 3 

 
such date, no such Series 2017-1 Class A-1 Excess Principal Event shall exist and (y) the amount that would decrease the Series 2017-1 Class A-1 Outstanding Principal Amount to
zero (each decrease of the Series 2017-1 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 2017-1 Class A-1 Notes pursuant to
Section 3.6 of this Series Supplement, a “Mandatory Decrease”), plus (ii) any associated Series 2017-1 Class A-1 Breakage Amounts incurred as a result of such decrease (calculated in accordance with the Series
2017-1 Class A-1 Note Purchase Agreement). Such Mandatory Decrease shall be allocated among the Series 2017-1 Class A-1 Noteholders in accordance with the order of distribution of principal payments set forth in Section 4.02 of
the Series 2017-1 Class A-1 Note Purchase Agreement. Upon obtaining knowledge of such a Series 2017-1 Class A-1 Excess Principal Event, the Co-Issuers promptly, but in any event within two (2) Business Days, shall deliver written
notice (by facsimile or e-mail with original to follow by mail) of the need for any such Mandatory Decreases to the Trustee and the Series 2017-1 Class A-1 Administrative Agent. In connection with any Mandatory Decrease, the Co-Issuers shall
reimburse the Trustee, the Servicer and the Manager, as applicable, for any unreimbursed Servicing Advances and Manager Advances (in each case, with interest thereon at the Advance Interest Rate). 

(b) Voluntary Decrease. On any Business Day, upon at least three (3) Business Days’ prior written notice to each Series
2017-1 Class A-1 Investor, the Series 2017-1 Class A-1 Administrative Agent and the Trustee, the Co-Issuers may decrease the Series 2017-1 Class A-1 Outstanding Principal Amount (each such decrease of the Series 2017-1 Class A-1
Outstanding Principal Amount pursuant to this Section 2.2(b), a “Voluntary Decrease”) by depositing in the Series 2017-1 Class A-1 Distribution Account not later than 10 a.m. (New York time) on 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 2017-1 Class A-1 Note Purchase Agreement (i) an amount (subject to the last sentence of this Section 2.2(b)) up to the Series 2017-1 Class A-1 Outstanding Principal Amount equal to
the amount of such Voluntary Decrease, plus (ii) any associated Series 2017-1 Class A-1 Breakage Amounts incurred as a result of such decrease (calculated in accordance with the Series 2017-1 Class A-1 Note Purchase Agreement);
provided, that to the extent the deposit into the Series 2017-1 Class A-1 Distribution Account described above is not made by 10 a.m. (New York time) on a Business Day, the same shall be deemed to be deposited on the following Business
Day. Each such Voluntary Decrease shall be in a minimum principal amount as provided in the Series 2017-1 Class A-1 Note Purchase Agreement. In connection with any Voluntary Decrease, the Co-Issuers shall reimburse the Trustee, the Servicer and
the Manager, as applicable, for any unreimbursed Servicing Advances and Manager Advances (in each case, with interest thereon at the Advance Interest Rate). 

(c) Upon distribution to the Series 2017-1 Class A-1 Noteholders of principal of the Series 2017-1 Class A-1 Advance Notes in
connection with each Decrease, the Trustee shall indicate in its books and records such Decrease. 

  
 4 

 (d) The Series 2017-1 Class A-1 Note Purchase Agreement sets forth additional procedures
relating to decreases in the Series 2017-1 Class A-1 Outstanding Subfacility Amount (each such decrease, together with any Voluntary Decrease or Mandatory Decrease allocated to the Series 2017-1 Class A-1 Subfacility Noteholders, referred
to as a “Subfacility Decrease”) through (i) borrowings of Series 2017-1 Class A-1 Advances to repay Series 2017-1 Class A-1 Swingline Loans and Series 2017-1 Class A-1 L/C Obligations or (ii) optional
prepayments of Series 2017-1 Class A-1 Swingline Loans on same day notice. Upon receipt of written notice from the Co-Issuers or the Series 2017-1 Class A-1 Administrative Agent of any Subfacility Decrease, the Trustee shall indicate in
its books and records the amount of such Subfacility Decrease. 
 Section 2.3 Procedures for Increasing the Series 2017-1
Class A-1 Maximum Principal Amount. The Co-Issuers may increase and/or add Commitments and Commitment Amounts by either (a) entering into an Investor Group Supplement with the applicable Investor Group or (b) entering into a
Joinder Agreement to the Variable Funding Note Purchase Agreement with an Investor Group, and delivering a copy of such Investor Group Supplement or Joinder Agreement to the Series 2017-1 Class A-1 Administrative Agent and the Trustee at least
five (5) Business Days prior to the effective date of such increase or addition. Subject to satisfaction of the applicable conditions precedent set forth in Section 2.2 of the Base Indenture, the Trustee shall authenticate additional
Series 2017-1 Class A-1 Notes as directed by the Master Issuer. Each such increase or addition shall be in a minimum principal amount of at least $5 million. On the applicable Additional Issuance Date, the Co-Issuers shall deposit funds in an
amount equal to the excess, if any, by which the Series 2017-1 Senior Notes Interest Reserve Amount (calculated after giving effect to the issuance of such additional Series 2017-1 Class A-1 Notes) exceeds the Series 2017-1 Available Senior
Notes Interest Reserve Amount into the Senior Notes Interest Reserve Account. 
 ARTICLE III 

SERIES 2017-1 ALLOCATIONS; PAYMENTS 

With respect to the Series 2017-1 Notes only, the following shall apply: 

Section 3.1 Allocations with Respect to the Series 2017-1 Notes. On the Series 2017-1 Closing Date, $5,365,000 of the net proceeds
from the initial sale of the Series 2017-1 Notes will be deposited into the Senior Notes Interest Reserve Account and the remainder of the net proceeds from the sale of the Series 2017-1 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 2017-1 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 2017-1 Notes 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 2017-1 Senior 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 2017-1 Class A-1 Quarterly Interest and the Series 2017-1 Class A-2
Quarterly Interest deemed to be “Senior Notes Quarterly Interest” pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments. 

  
 5 

 (b) Series 2017-1 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 2017-1 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. 
 (c) Series 2017-1
Class A-1 Administrative Expenses. On each Weekly Allocation Date, the Master Issuer shall instruct the Trustee in writing to pay to the Series 2017-1 Class A-1 Administrative Agent from the Collection Account the Series 2017-1
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. 

(d) Series 2017-1 Senior Notes Interest Reserve Amount. 

(i) The Co-Issuers shall maintain an amount on deposit in the Senior Notes Interest Reserve Account with respect to the Series
2017-1 Notes equal to the Series 2017-1 Senior Notes Interest Reserve Amount. 
 (ii) If on any Weekly Allocation Date there
is a Series 2017-1 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 2017-1 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 the first Quarterly Payment Date following a Series 2017-1 Interest Reserve Release
Event or on which a Series 2017-1 Interest Reserve Release Event occurs, the Master Issuer shall instruct the Trustee in writing to withdraw the Series 2017-1 Interest Reserve Release Amount, if any, from the Senior Notes Interest Reserve Account
and deposit such amounts into the Collection Account in accordance with Section 5.10(a)(xxvii) of the Base Indenture. 

(iv) On each Accounting Date, the Manager shall determine (A) the value of the Series 2017-1 Senior Notes Interest Reserve
Amount for such Quarterly Collection Period based on the known value of the Series 2017-1 Class A-1 Note Rate and (B) the difference between (1) such amount and (2) the total amount allocated to the Senior Notes Interest Reserve
Account on each Weekly Allocation Date during such Quarterly Collection Period based on the Manager’s estimates of the Series 2017-1 Class A-1 Note Rate. Where the amount described in clause (A) exceeds the amount described in
clause (B)(2), the Master Issuer shall instruct the Trustee in writing to deposit into the Senior Notes Interest Reserve Amount an amount equal to such difference on the immediately succeeding Weekly Allocation Date pursuant to, and to the
extent that funds are available therefor in accordance with the provisions of, the Priority of Payments. 

  
 6 

 
Where the amount described in clause (B)(2) exceeds the amount described in clause (A), the Master Issuer shall instruct the Trustee in writing to withdraw an amount equal to such
difference on the immediately succeeding Weekly Allocation Date and deposit such amount into the Collection Account. 
 (e) Series 2017-1
Senior Notes Rapid Amortization Principal Amounts. If any Weekly Allocation Date occurs during a Rapid Amortization Period or Series 2017-1 Class A-1 Senior Notes Amortization Period, the Master Issuer shall instruct the Trustee in writing
to allocate from the Collection Account for payment of principal on the Series 2017-1 Senior Notes the amounts contemplated by the Priority of Payments for such principal. 

(f) Series 2017-1 Class A-2 Scheduled Principal Payments. On each Weekly Allocation Date prior to the occurrence of a Rapid
Amortization Event as set forth in clause (e) of Section 9.1 of the Base Indenture, the Master Issuer shall instruct the Trustee in writing to allocate from the Collection Account the Series 2017-1 Class A-2 Scheduled Principal
Payments Amounts deemed to be “Senior Notes Scheduled Principal Payments” pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments. 

(g) Series 2017-1 Class A-2 Scheduled Principal Payment Deficiency Amount. On each Weekly Allocation Date, the Master Issuer shall
instruct the Trustee in writing to allocate from the Collection Account the portion of the Senior Notes Scheduled Principal Payments Deficiency Amount attributable to the Series 2017-1 Class A-2 Notes pursuant to, and to the extent that funds
are available therefor in accordance with the provisions of, the Priority of Payments. 
 (h) [Reserved]. 

(i) Series 2017-1 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 2017-1 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. 
 (j) Series 2017-1 Senior Notes Quarterly Post-ARD Contingent Interest. On each Weekly Allocation
Date, the Master Issuer shall instruct the Trustee in writing to allocate from the Collection Account the Series 2017-1 Class A-1 Post-Renewal Date Contingent Interest and the Series 2017-1 Class A-2 Post-ARD Contingent Interest deemed to
be “Senior Notes Quarterly Post-ARD Contingent Interest” pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments. 

(k) Series 2017-1 Class A-2 Make-Whole Prepayment Premium. On each Weekly Allocation Date, the Master Issuer shall instruct the
Trustee in writing to allocate from the Collection Account the Series 2017-1 Class A-2 Make-Whole Prepayment Premium deemed to be “unpaid premiums and make-whole prepayment premiums” pursuant to, and to the extent that funds are
available therefor in accordance with the provisions of, the Priority of Payments. 

  
 7 

 (l) 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 2017-1 Distribution Accounts. On each Quarterly Payment Date, based solely upon the
most recent Quarterly Manager’s Certificate, the Trustee shall, in accordance with Section 6.1 of the Base Indenture, remit (i) to the Series 2017-1 Class A-1 Noteholders from the Series 2017-1 Class A-1 Distribution
Account, the amounts withdrawn from the Senior Notes Interest Account, Class A-1 Senior Notes Commitment Fees Account and Senior Notes Principal Payments Account, pursuant to Section 5.12(a), (d), or (g), as
applicable, of the Base Indenture, and deposited in the Series 2017-1 Class A-1 Distribution Account for the payment of interest and fees and, to the extent applicable, principal on such Quarterly Payment Date and (ii) to the Series 2017-1
Class A-2 Noteholders from the Series 2017-1 Class A-2 Distribution Account, the amounts withdrawn from the Senior Notes Interest Account and Senior Notes Principal Payments Account, as applicable, pursuant to Section 5.12(a)
or (c), as applicable, of the Base Indenture, the amount deposited in the Series 2017-1 Class A-2 Distribution Account for the payment of interest and, to the extent applicable, principal on such Quarterly Payment Date. 

Section 3.4 Series 2017-1 Class A-1 Interest and Certain Fees. 

(a) Series 2017-1 Class A-1 Note Rate and L/C Fees. From and after the Series 2017-1 Closing Date, the applicable portions of the
Series 2017-1 Class A-1 Outstanding Principal Amount will accrue (i) interest at the Series 2017-1 Class A-1 Note Rate and (ii) Series 2017-1 Class A-1 L/C Fees at the applicable rates provided therefor in the Series 2017-1
Class A-1 Note Purchase Agreement. Such accrued interest and fees will be due and payable in arrears on each Quarterly Payment Date from amounts that are made available for payment thereof (i) on any related Weekly Allocation Date in
accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, commencing on October 25, 2017; provided that in any event all accrued but unpaid
interest and fees shall be paid in full on the Series 2017-1 Legal Final Maturity Date, on any Series 2017-1 Prepayment Date with respect to a prepayment in full of the Series 2017-1 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 2017-1 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 2017-1 Class A-1 Note Rate. 
 (b) Undrawn Commitment Fees. From and after the Series 2017-1 Closing Date, Undrawn
Commitment Fees will accrue as provided in the Series 2017-1 Class A-1 Note Purchase Agreement. Such accrued fees will be due and payable in arrears on each Quarterly Payment Date, from amounts that are made available for payment thereof
(i) on any related Weekly Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, commencing on October 25, 2017. To the
extent any such amount is not paid when due, such unpaid amount will accrue interest at the Series 2017-1 Class A-1 Note Rate. 

  
 8 

 (c) Series 2017-1 Class A-1 Post-Renewal Date Contingent Interest. From and after
the Series 2017-1 Class A-1 Senior Notes Renewal Date, if the Series 2017-1 Final Payment has not been made, additional interest will accrue on the Series 2017-1 Class A-1 Outstanding Principal Amount (excluding any Undrawn L/C Face
Amounts included therein) at an annual rate equal to 5% per annum (the “Series 2017-1 Class A-1 Post-Renewal Date Contingent Interest Rate”) in addition to the regular interest that will continue to accrue at the Series
2017-1 Class A-1 Note Rate. All computations of Series 2017-1 Class A-1 Post-Renewal Date Contingent Interest shall be made on the basis of a 360-day year consisting of twelve 30-day months. Any Series 2017-1 Class A-1 Post-Renewal
Date Contingent Interest will be due and payable on any applicable Quarterly Payment Date, as and when amounts are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments and
(ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, in the amount so made available, and failure to pay any Series 2017-1 Class A-1 Post-Renewal Date Contingent Interest in excess of such
amounts will not be an Event of Default and interest will not accrue on any unpaid portion thereof. 
 (d) Series 2017-1 Class A-1
Initial Interest Period. The initial Interest Period for the Series 2017-1 Class A-1 Notes shall commence on the Series 2017-1 Closing Date and end on (but exclude) October 25, 2017. 

Section 3.5 Series 2017-1 Class A-2 Interest. 

(a) Series 2017-1 Class A-2 Note Rate. From the Series 2017-1 Closing Date until the Series 2017-1 Class A-2 Outstanding
Principal Amount has been paid in full, the Outstanding Principal Amount of a Subclass of the Series 2017-1 Class A-2 Notes (after giving effect to all payments of principal made to Noteholders as of the first day of such Interest Period and
also giving effect to repurchases and cancellations of Series 2017-1 Class A-2 Notes during such Interest Period) will accrue interest at the Series 2017-1 Class A-2 Note Rate applicable to such Subclass for such Interest Period. Such
accrued interest will be due and payable in arrears on each Quarterly Payment Date, from amounts that are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments and (ii) on
such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, commencing on October 25, 2017; provided that in any event all accrued but unpaid interest shall be due and payable in full on the Series
2017-1 Legal Final Maturity Date, on any Series 2017-1 Prepayment Date with respect to a prepayment in full of the Series 2017-1 Class A-2 Notes or on any other day on which all of the Series 2017-1 Class A-2 Outstanding Principal Amount
is required to be paid in full. To the extent any interest accruing at the Series 2017-1 Class A-2 Note Rate is not paid when due, such unpaid interest will accrue interest at the applicable Series 2017-1 Class A-2 Note Rate. Computations
of interest at the Series 2017-1 Class A-2 Note Rate shall be calculated (i) with respect to the Series 2017-1 Class A-2-II(FX) Notes and the Series 2017-1 Class A-2-III(FX) Notes, on the basis of a 360-day year consisting of
twelve 30-day months, and (ii) with respect to the Series 2017-1 Class A-2-I(FL) Notes, on the basis of a 360-day year and the actual number of days elapsed. 

  
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 (b) Series 2017-1 Class A-2 Post-ARD Contingent Interest. 

(i) Post-ARD Contingent Interest. From and after the Series 2017-1 Anticipated Repayment Date applicable to a Subclass
of the Series 2017-1 Class A-2 Notes until the Series 2017-1 Class A-2 Outstanding Principal Amount with respect to such Subclass has been paid in full, additional interest will accrue on the Outstanding Principal Amount of such Subclass
at an annual interest rate (the “Series 2017-1 Class A-2 Post-ARD Contingent Interest Rate”) (a) which for the Series 2017-1 Class A-2-II(FX) Notes and the Series 2017-1
Class A-2-III(FX) Notes will be equal to the greater of (i) 5% per annum and (ii) a per annum rate equal to the excess, if any, by which (A) the sum of the yield to maturity (adjusted to a quarterly bond-equivalent basis),
on such Subclass’ Series 2017-1 Anticipated Repayment Date of the United States Treasury Security having a term closest to 10 years plus 5% plus (1) with respect to the Series 2017-1 Class A-2-II(FX) Notes, 1.25% and (2) with respect to the Series 2017-1 Class A-2-III(FX) Notes, 2.00%, exceeds (B) such Subclass’ Series 2017-1 Class A-2 Note Rate, and
(b) which for the Series 2017-1 Class A-2-I(FL) Notes will be equal to 5% (such additional interest, the “Series 2017-1 Class A-2 Post-ARD Contingent Interest”). Computations of Series 2017-1 Class A-2 Post-ARD
Contingent Interest shall be calculated (i) with respect to the Series 2017-1 Class A-2-II(FX) Notes and the Series 2017-1 Class A-2-III(FX) Notes, on the basis of a 360-day year consisting of twelve 30-day months, and (ii) with
respect to the Series 2017-1 Class A-2-I(FL) Notes, on the basis of a 360-day year and the actual number of days elapsed. 

(ii) Payment of Series 2017-1 Class A-2 Post-ARD Contingent Interest. Any Series 2017-1 Class A-2 Post-ARD
Contingent Interest will be due and payable on any applicable Quarterly Payment Date only as and when amounts are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments and
(ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, in the amount so available. The failure to pay any Series 2017-1 Class A-2 Post-ARD Contingent Interest on any applicable Quarterly
Payment Date (including on the Series 2017-1 Legal Final Maturity Date) in excess of amounts available therefor in accordance with the Priorities of Payment will not be an Event of Default and interest will not accrue on any unpaid portion thereof.

 (c) Series 2017-1 Class A-2 Initial Interest Period. The initial Interest Period for the Series 2017-1 Class A-2 Notes
shall commence on the Series 2017-1 Closing Date and end on (but exclude) October 25, 2017. 
 Section 3.6 Payment of Series
2017-1 Note Principal. 
 (a) Series 2017-1 Senior Notes Principal Payment at Legal Maturity. The Series 2017-1 Outstanding
Principal Amount shall be due and payable on the Series 2017-1 Legal Final Maturity Date. The Series 2017-1 Outstanding Principal Amount is not prepayable, in whole or in part, except as set forth in this Section 3.6 and, in respect of
the Series 2017-1 Class A-1 Outstanding Principal Amount, Section 2.2 of this Series Supplement. 

  
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 (b) Series 2017-1 Anticipated Repayment. The Series 2017-1 Final Payment is anticipated
to occur (i) with respect to the Series 2017-1 Class A-1 Notes, on the Series 2017-1 Class A-1 Senior Notes Renewal Date, (ii) with respect to the Series 2017-1 Class A-2-I(FL) Notes and Series 2017-1 Class A-2-II(FX)
Notes, on the Quarterly Payment Date occurring in July 2022 and (iii) with respect to the Series 2017-1 Class A-2-III(FX) Notes, on the Quarterly Payment Date occurring in July 2027 (each, the “Series 2017-1 Anticipated Repayment
Date” with respect to such Class or Subclass). The initial Series 2017-1 Class A-1 Senior Notes Renewal Date will be the Quarterly Payment Date occurring in July 2022, unless extended as provided below in this
Section 3.6(b). 
 (i) First Extension Election. Subject to the conditions set forth in
Section 3.6(b)(iii) of this Series Supplement, the Manager shall have the option on or before the Quarterly Payment Date occurring in July 2022 to elect (the “Series 2017-1 First Extension Election”) to extend the Series
2017-1 Class A-1 Senior Notes Renewal Date to the Quarterly Payment Date occurring in July 2023 by delivering written notice to the Trustee and the Control Party; provided that upon such extension, the Quarterly Payment Date occurring in
July 2023 shall become the Series 2017-1 Class A-1 Senior Notes Renewal Date. 
 (ii) Second Extension Election.
Subject to the conditions set forth in Section 3.6(b)(iii) of this Series Supplement, if the Series 2017-1 First Extension Election has been made and has become effective, the Manager shall have the option on or before the Quarterly
Payment Date occurring in July 2023 to elect (the “Series 2017-1 Second Extension Election”) to extend the Series 2017-1 Class A-1 Senior Notes Renewal Date to the Quarterly Payment Date occurring in July 2024 by delivering
written notice to the Trustee and the Control Party; provided that upon such extension, the Quarterly Payment Date occurring in July 2024 shall become the Series 2017-1 Class A-1 Senior Notes Renewal Date. 

(iii) Conditions Precedent to Extension Elections. It shall be a condition to the effectiveness of the Series 2017-1
Extension Elections that, in the case of the Series 2017-1 First Extension Election, on the Quarterly Payment Date occurring in July 2022, or in the case of the Series 2017-1 Second Extension Election, on the Quarterly Payment Date occurring in July
2023, (a) the Quarterly DSCR is greater than or equal to 2.75 (calculated with respect to the most recently ended Quarterly Collection Period), and (b) either (1) the rating assigned to the Series 2017-1 Class A-2 Notes by
S&P Global Ratings has not been downgraded below “BBB+” or withdrawn or (2) the Series 2017-1 Class A-2 Notes have been downgraded below “BBB+” by S&P Global Ratings or their rating has been withdrawn by S&P
Global Ratings but such downgrade or withdrawal was caused primarily by the bankruptcy, insolvency or other financial difficulty experienced by any entity other than an Affiliate of Holdco. Any notice given pursuant to Section 3.6(b)(i)
or (ii) of this Series Supplement shall be irrevocable; provided that if the conditions set forth in this Section 3.6(b)(iii) are not met as of the applicable extension date, the election set forth in such notice shall
automatically be deemed ineffective. 

  
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 (c) Payment of Series 2017-1 Class A-2 Scheduled Principal Payments. Series 2017-1
Class A-2 Scheduled Principal Payments with respect to each Subclass will be due and payable on any applicable Quarterly Payment Date, as and when amounts are made available for payment thereof (i) on any related Weekly Allocation Date in
accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, in the amount so available, and failure to pay any Series 2017-1 Class A-2 Scheduled
Principal Payment in excess of such amounts will not be an Event of Default; provided, that no Series 2017-1 Class A-2 Scheduled Principal Payment will be due and payable on any Quarterly Payment Date if the Series Non-Amortization Test
is met with respect to such date; and provided further that, even if the Series Non-Amortization Test is met with respect to such date, at the option of the Master Issuer, and prior to the Series 2017-1 Anticipated Repayment Date for such
Subclass, all or part of the Series 2017-1 Class A-2 Scheduled Principal Payment Amount with respect to such Subclass may be paid on any Quarterly Payment Date. 

(d) Series 2017-1 Notes Mandatory Payments of Principal. 

(i) If a Change of Control to which the Control Party (acting at the direction of the Controlling Class Representative) has not
waived or provided its prior written consent occurs, the Co-Issuers shall prepay all the Series 2017-1 Notes in full by (A) depositing within ten Business Days of the date on which such Change of Control occurs an amount equal to the Series
2017-1 Outstanding Principal Amount and all other amounts that are or will be due and payable with respect to the Series 2017-1 Notes under the Indenture Documents as of the applicable Series 2017-1 Prepayment Date referred to in clause
(D) below (including all interest and fees accrued to such date, any Series 2017-1 Class A-2 Make-Whole Prepayment Premium required to be paid in connection therewith pursuant to
Section 3.6(e) of this Series Supplement and any associated Series 2017-1 Class A-1 Breakage Amounts incurred as a result of such prepayment (calculated in accordance with the Series 2017-1 Class A-1 Note Purchase Agreement))
in the applicable Series 2017-1 Distribution Accounts, (B) reimbursing the Trustee, the Servicer and the Manager, as applicable, for any unreimbursed Servicing Advances and Manager Advances (in each case, with interest thereon at the Advance
Interest Rate), (C) delivering Prepayment Notices in accordance with Section 3.6(g) of this Series Supplement and (D) directing the Trustee to distribute such amount set forth in clause (A) to the Series 2017-1
Noteholders on the Series 2017-1 Prepayment Date specified in such Prepayment Notices. 
 (ii) [Reserved]. 

(iii) During any Rapid Amortization Period, principal payments shall be due and payable on each Quarterly Payment Date on the
applicable Class or Subclass of Series 2017-1 Notes as and when amounts are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in
accordance with Section 5.12 of the Base Indenture, in the amount so available, together with any Series 2017-1 Class A-2 Make-Whole Prepayment Premium required to be paid in connection therewith pursuant to
Section 3.6(e) of this Series Supplement; provided, for avoidance of doubt, that it shall not constitute an Event of Default if any such Series 2017-1 Class A-2 Make-Whole 

  
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Prepayment Premium is not paid because insufficient funds are available to pay such Series 2017-1 Class A-2 Make-Whole Prepayment Premium in accordance with the Priority of Payments. Such
payments shall be (A) in the case of the Series 2017-1 Class A-1 Noteholders, allocated in accordance with the order of distribution of principal payments set forth in Section 4.02 of the Series 2017-1 Class A-1 Note
Purchase Agreement and (B) in the case of the Noteholders of the Series Class A-2 Notes, ratably allocated among the Noteholders within such Subclass (excluding the Series 2017-1 Class A-2-I(FL) Notes) based on their respective
portion of the Series 2017-1 Outstanding Principal Amount of such Subclass (excluding the Series 2017-1 Class A-2-I(FL) Notes) . 

(iv) During any Series 2017-1 Class A-1 Senior Notes Amortization Period, principal payments shall be due and payable on
each Quarterly Payment Date on the applicable Series 2017-1 Class A-1 Notes as and when amounts are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments and (ii) on
such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, in the amount so available. Such payments shall be allocated among the Series 2017-1 Class A-1 Noteholders, in accordance with the order of
distribution of principal payments set forth in Section 4.02 of the Series 2017-1 Class A-1 Note Purchase Agreement. 
 (e)
Series 2017-1 Class A-2 Make-Whole Prepayment Premium Payments. In connection with any mandatory prepayment of any Series 2017-1 Class A-2 Notes made pursuant to Section 3.6(d)(i), Section 3.6(d)(iii) or
Section 3.6(j) of this Series Supplement upon a Change of Control, in connection with any Real Estate Disposition Proceeds, or during any Rapid Amortization Period, or in connection with any optional prepayment of any Series 2017-1
Class A-2 Notes made pursuant to Section 3.6(f) of this Series Supplement, in each case prior to the applicable Series 2017-1 Anticipated Repayment Date (each, a “Series 2017-1 Prepayment”), the Co-Issuers shall
pay, in the manner described herein, the Series 2017-1 Class A-2 Make-Whole Prepayment Premium to the Series 2017-1 Class A-2 Noteholders with respect to the applicable Series 2017-1 Prepayment Amount; provided that no such Series
2017-1 Class A-2 Make-Whole Prepayment Premium shall be payable in connection (A) with the Series 2017-1 Class A-2-I(FL) Notes, (B) (i) with respect to the Series 2017-1 Class A-2-II(FX) Notes, prepayments made on or
after the Quarterly Payment Date in January 2020, and (ii) with respect to the Series 2017-1 Class A-2-III(FX) Notes, prepayments made on or after the Quarterly Payment Date in July 2024, (with respect to each Subclass, the dates set forth
in clauses (i) and (ii), the “Make-Whole End Date” for such Subclass), (C) solely with respect to the Series 2017-1 Class A-2-III(FX) Notes, if all Outstanding Notes will be prepaid (including by
refinancing) in full, on any day from and including the Quarterly Payment Date in July 2021 to and including the Quarterly Payment Date in July 2022, provided that such prepayment will be made for a redemption price equal to 101.00% of the
outstanding principal balance of the Series 2017-1 Class A-2-III(FX) Notes being redeemed on such prepayment date; (D) with any prepayment made in connection with Indemnification Payments, or (E) with Series 2017-1 Class A-2
Scheduled Principal Payments (including those paid at the election of the Master Issuer if the Series Non-Amortization Test is satisfied) and any Series 2017-1 Class A-2 Scheduled Principal Deficiency Amounts. 

  
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 (f) Optional Prepayment of Series 2017-1 Class A-2 Notes. Subject to
Section 3.6(e) and (g) of this Series Supplement, the Co-Issuers shall have the option to prepay the Outstanding Principal Amount of the Series 2017-1 Class A-2 Notes in full on any Business Day or in part on any
Quarterly Payment Date, or on any date a mandatory prepayment may be made and that is specified as the Series 2017-1 Prepayment Date in the applicable Prepayment Notices; provided, that the Co-Issuers shall not make any optional prepayment in
part of any Series 2017-1 Class A-2 Notes pursuant to this Section 3.6(f) in a principal amount for any single prepayment of less than $5,000,000 on any Quarterly Payment Date (except that any such prepayment may be in a principal
amount less than such amount if effected on the same day as any partial mandatory prepayment or repayment pursuant to this Series Supplement); provided, further, that no such optional prepayment may be made unless (i) the funds on
deposit in the Senior Notes Principal Payments Account that are allocable to the Series 2017-1 Class A-2 Notes to be prepaid are sufficient to pay the principal amount of the Series 2017-1 Class A-2 Notes to be prepaid and the Series
2017-1 Class A-2 Make-Whole Prepayment Premium required pursuant to Section 3.6(e), in each case, payable on the relevant Series 2017-1 Prepayment Date; (ii) the funds on deposit in the Senior Notes Interest Account that are
allocable to the Series 2017-1 Class A-2 Outstanding Principal Amount to be prepaid are sufficient to pay (A) the Series 2017-1 Class A-2 Quarterly Interest to but excluding the relevant Series 2017-1 Prepayment Date relating to the
Series 2017-1 Class A-2 Outstanding Principal Amount to be prepaid and (B) only if such optional prepayment is a prepayment in whole, (x) the Series 2017-1 Class A-2 Post-ARD Contingent Interest and (y) all Securitization
Operating Expenses, to the extent attributable to the Series 2017-1 Class A-2 Notes; and (iii) the Co-Issuers shall reimburse the Trustee, the Servicer and the Manager, as applicable, for any unreimbursed Servicing Advances and Manager
Advances (in each case, with interest thereon at the Advance Interest Rate). The Co-Issuers may prepay a Series of Notes in full at any time regardless of the number of prior optional prepayments or any minimum payment requirement. 

(g) Notices of Prepayments. 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 Series 2017-1 Prepayment pursuant to Section 3.6(d)(i) or Section 3.6(f) of this Series Supplement to each Series 2017-1 Noteholder
affected by such Series 2017-1 Prepayment, each of the Rating Agencies, the Servicer, the Control Party and the Trustee; provided that at the request of the Co-Issuers, such notice to the affected Series 2017-1 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 directing the Trustee to distribute such prepayment in accordance with the
applicable provisions of Section 3.6(k) of this Series Supplement. With respect to each such Series 2017-1 Prepayment, the related Prepayment Notice shall, in each case, specify (A) the Series 2017-1 Prepayment Date on which such
prepayment will be made, 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, (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 2017-1 Prepayment Amount”) and (C) the date on which the applicable
Series 2017-1 Class A-2 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 2017-1 Prepayment Date (the
“Series 2017-1 Make-Whole Premium Calculation Date”). Any such optional prepayment and Prepayment Notice 

  
 14 

 
may, in the Co-Issuers’ discretion, be subject to the satisfaction of one or more conditions precedent. The Co-Issuers shall have the option, by written notice to the Trustee, the Control
Party, the Rating Agencies and the affected Noteholders, to revoke, or amend the Series 2017-1 Prepayment Date set forth in (x) any Prepayment Notice relating to an optional prepayment at any time up to the second Business Day before the Series
2017-1 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 second Business Day before the Series 2017-1 Prepayment Date set forth in such Prepayment Notice; provided that in no event shall any Series 2017-1 Prepayment Date be amended to a date
earlier than the second Business Day after such amended notice is given. Any Prepayment Notice shall become irrevocable two Business Days prior to the date specified in the Prepayment Notice as the Series 2017-1 Prepayment Date. All Prepayment
Notices shall be (i) transmitted by facsimile or email to (A) each affected Series 2017-1 Noteholder to the extent such Series 2017-1 Noteholder has provided a facsimile number or email address to the Trustee and (B) to each of the
Rating Agencies, the Servicer and the Trustee and (ii) sent by registered mail to each affected Series 2017-1 Noteholder. For the avoidance of doubt, a Voluntary Decrease in respect of the Series 2017-1 Class A-1 Notes is governed by
Section 2.2 of this Series Supplement and not by this Section 3.6. A Prepayment Notice may be revoked or amended by any Co-Issuer if the Trustee receives written notice of such revocation or amendment no later than 10:00 a.m.
(New York City time) two Business Days prior to such Series 2017-1 Prepayment Date. The Co-Issuers shall give written notice of such revocation to the Servicer, and at the request of the Co-Issuers, the Trustee shall forward the notice of revocation
or amendment to the Series 2017-1 Noteholders. 
 (h) Series 2017-1 Prepayments. On each Series 2017-1 Prepayment Date with respect
to any Series 2017-1 Prepayment, the Series 2017-1 Prepayment Amount and the Series 2017-1 Class A-2 Make-Whole Prepayment Premium, if any, and any associated Series 2017-1 Class A-1 Breakage Amounts applicable to such Series 2017-1
Prepayment shall be due and payable. The Co-Issuers shall pay the Series 2017-1 Prepayment Amount together with the applicable Series 2017-1 Class A-2 Make-Whole Prepayment Premium, if any, with respect to such Series 2017-1 Prepayment Amount,
by, to the extent not already deposited therein pursuant to Section 3.6(d)(i) or (f) of this Series Supplement, depositing such amounts in the applicable Series 2017-1 Distribution Account on or prior to the related Series
2017-1 Prepayment Date to be distributed in accordance with Section 3.6(k) of this Series Supplement. 
 (i) [Reserved].

 (j) Indemnification Payments; Real Estate Disposition Proceeds. Any Indemnification Payments or Real Estate Disposition Proceeds
allocated to the Senior Notes Principal Payments Account in accordance with Section 5.11(i) of the Base Indenture shall be withdrawn from the Senior Notes Principal Payments Account in accordance with Section 5.12(g) of the
Base Indenture, and any funds allocable to the Series 2017-1 Notes shall be deposited in the applicable Series 2017-1 Distribution Accounts and used to prepay first, if a Series 2017-1 Class A-1 Senior Notes Amortization Period is
continuing, the Series 2017-1 Class A-1 Notes (in accordance with the order of distribution of principal payments set forth in Section 4.02 of the Series 2017-1 Class A-1 Note Purchase Agreement), second, the Series 2017-1
Class 

  
 15 

 
A-2 Notes (based on their respective portion of the Series 2017-1 Class A-2 Outstanding Principal Amount), and third, provided that clause first does not apply, the Series
2017-1 Class A-1 Notes (in accordance with the order of distribution of principal payments set forth in Section 4.02 of the Series 2017-1 Class A-1 Note Purchase Agreement), on the Quarterly Payment Date immediately succeeding
such deposit. In connection with any prepayment made with Indemnification Payments pursuant to this Section 3.6(j), the Co-Issuers shall not be obligated to pay any prepayment premium. The Co-Issuers shall, however, be obligated to pay
any applicable Series 2017-1 Class A-2 Make-Whole Prepayment Premium required to be paid pursuant to Section 3.6(e) of this Series Supplement in connection with any prepayment made with Real Estate Disposition Proceeds pursuant to
this Section 3.6(j); provided, for avoidance of doubt, that it shall not constitute an Event of Default if any such Series 2017-1 Class A-2 Make-Whole Prepayment Premium is not paid because insufficient funds are available to
pay such Series 2017-1 Class A-2 Make-Whole Prepayment Premium, in accordance with the Priority of Payments. 
 (k) Series 2017-1
Prepayment Distributions. 
 (i) On the Series 2017-1 Prepayment Date for each Series 2017-1 Prepayment to be made
pursuant to this Section 3.6 in respect of the Series 2017-1 Class A-1 Notes, the Trustee shall, in accordance with Section 6.1 of the Base Indenture (except that notwithstanding anything to the contrary therein,
references to the distributions being made on a Quarterly Payment Date shall be deemed to be references to distributions made on such Series 2017-1 Prepayment Date and references to the Record Date shall be deemed to be references to the Prepayment
Record Date) and based solely upon the applicable written report provided to the Trustee pursuant to Section 3.6(g) of this Series Supplement, wire transfer to the Series 2017-1 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 2017-1 Class A-1 Note Purchase Agreement, the amount deposited in the Series 2017-1 Class A-1 Distribution Account pursuant to this Section 3.6, if any, in order to repay the applicable portion of the Series 2017-1 Class A-1 Outstanding Principal Amount and pay all accrued and unpaid
interest thereon up to such Series 2017-1 Prepayment Date and any associated Series 2017-1 Class A-1 Breakage Amounts incurred as a result of such prepayment. 

(ii) On the Series 2017-1 Prepayment Date for each Series 2017-1 Prepayment to be made pursuant to this Section 3.6
in respect of the Series 2017-1 Class A-2 Notes, the Trustee shall, in accordance with Section 6.1 of the Base Indenture (except that notwithstanding anything to the contrary therein, references to the distributions being made on a
Quarterly Payment Date shall be deemed to be references to distributions made on such Series 2017-1 Prepayment Date and references to the Record Date shall be deemed to be references to the Prepayment Record Date) and based solely upon the
applicable written report provided to the Trustee pursuant to Section 3.6(g) of this Series Supplement, wire transfer to the Series 2017-1 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 2017-1 Class A-2 Outstanding Principal Amount, the amount deposited in the Series 2017-1 Class A-2 Distribution Account 

  
 16 

 
pursuant to this Section 3.6, if any, in order to repay the applicable portion of the Series 2017-1 Class A-2 Outstanding Principal Amount and pay all accrued and unpaid interest
thereon up to such Series 2017-1 Prepayment Date and any Series 2017-1 Class A-2 Make-Whole Prepayment Premium due to Series 2017-1 Class A-2 Noteholders payable on such date. 

(l) Series 2017-1 Notices of Final Payment. The Co-Issuers shall notify the Trustee, the Servicer and each of the Rating Agencies on or
before the Prepayment Record Date preceding the Series 2017-1 Prepayment Date that will be the Series 2017-1 Final Payment Date; provided, however, that with respect to any Series 2017-1 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 or the Rating Agencies of such Series 2017-1 Final Payment beyond the notice required to be given in connection with
such prepayment pursuant to Section 3.6(g) of this Series Supplement. The Trustee shall provide any written notice required under this Section 3.6(l) to each Person in whose name a Series 2017-1 Note is registered at the
close of business on such Prepayment Record Date of the Series 2017-1 Prepayment Date that will be the Series 2017-1 Final Payment Date. Such written notice to be sent to the Series 2017-1 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 2017-1 Final Payment will be made and shall specify that such Series 2017-1 Final Payment will be payable only
upon presentation and surrender of the Series 2017-1 Notes and shall specify the place where the Series 2017-1 Notes may be presented and surrendered for such Series 2017-1 Final Payment. 

Section 3.7 Series 2017-1 Class A-1 Distribution Account. 

(a) Establishment of Series 2017-1 Class A-1 Distribution Account. The Trustee has established and shall maintain in the name of
the Trustee for the benefit of the Series 2017-1 Class A-1 Noteholders an account (the “Series 2017-1 Class A-1 Distribution Account”), bearing a designation clearly indicating that the funds deposited therein are held for
the benefit of the Series 2017-1 Class A-1 Noteholders. The Series 2017-1 Class A-1 Distribution Account shall be an Eligible Account. Initially, the Series 2017-1 Class A-1 Distribution Account will be established with the Trustee.

 (b) Administration of the Series 2017-1 Class A-1 Distribution Account. All amounts held in the Series 2017-1 Class A-1
Distribution Account shall be invested in Permitted Investments at the written direction (which may be standing directions) of the Master Issuer; provided, however, that any such investment in the Series 2017-1 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 any such funds are scheduled to be paid to the Series 2017-1
Class A-1 Noteholders. In the absence of written investment instructions hereunder, funds on deposit in the Series 2017-1 Class A-1 Distribution Account shall be invested at the direction of the Master Issuer as fully as practicable in one
or more Permitted Investments of the type described in clause (b) of the definition thereof. The Master Issuer shall not direct (or permit) the disposal of any Permitted Investments prior to the maturity thereof if such disposal would result in
a loss of any portion of the initial purchase price of such Permitted Investment. 

  
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 (c) Earnings from Series 2017-1 Class A-1 Distribution Account. All interest and
earnings (net of losses and investment expenses) paid on funds on deposit in the Series 2017-1 Class A-1 Distribution Account shall be deemed to be available and on deposit for distribution to the Series 2017-1 Class A-1 Noteholders. 

(d) Series 2017-1 Class A-1 Distribution Account Constitutes Additional Collateral for Series 2017-1 Class A-1 Notes. In
order to secure and provide for the repayment and payment of the Obligations with respect to the Series 2017-1 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 2017-1 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 2017-1 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 2017-1 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 2017-1
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 2017-1 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 2017-1 Class A-1 Distribution Account
Collateral”). 
 (e) Termination of Series 2017-1 Class A-1 Distribution Account. On or after the date on which
(1) all accrued and unpaid interest on and principal of all Outstanding Series 2017-1 Class A-1 Notes have been paid, (2) all Undrawn L/C Face Amounts have expired or have been cash collateralized in accordance with the terms of the
Series 2017-1 Class A-1 Note Purchase Agreement (after giving effect to the provisions of Section 4.04 of the Series 2017-1 Class A-1 Note Purchase Agreement), (3) all fees and expenses and other amounts then due and payable
under the Series 2017-1 Class A-1 Note Purchase Agreement have been paid and (4) all Series 2017-1 Class A-1 Commitments have been terminated in full, the Trustee, acting in accordance with the written instructions of the Master
Issuer, shall withdraw from the Series 2017-1 Class A-1 Distribution Account all amounts on deposit therein for distribution pursuant to the Priority of Payments. 

Section 3.8 Series 2017-1 Class A-2 Distribution Account. 

(a) Establishment of Series 2017-1 Class A-2 Distribution Account. The Trustee has established and shall maintain in the name of
the Trustee for the benefit of the Series 2017-1 Class A-2 Noteholders an account (the “Series 2017-1 Class A-2 Distribution Account”), bearing a designation clearly indicating that the funds deposited therein are held for
the benefit of the Series 2017-1 Class A-2 Noteholders. The Series 2017-1 Class A-2 Distribution Account shall be an Eligible Account. Initially, the Series 2017-1 Class A-2 Distribution Account will be established with the Trustee.

  
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 (b) Administration of the Series 2017-1 Class A-2 Distribution Account. All amounts
held in the Series 2017-1 Class A-2 Distribution Account shall be invested in the Permitted Investments at the written direction (which may be standing directions) of the Master Issuer; provided, however, that any such investment
in the Series 2017-1 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 any such funds are
scheduled to be paid to the Series 2017-1 Class A-2 Noteholders. In the absence of written investment instructions hereunder, funds on deposit in the Series 2017-1 Class A-2 Distribution Account shall be invested at the direction of the
Master Issuer as fully as practicable in one or more Permitted Investments of the type described in clause (b) of the definition thereof. The Master Issuer shall not direct (or permit) the disposal of any Permitted Investments prior to
the maturity thereof if such disposal would result in a loss of any portion of the initial purchase price of such Permitted Investment. 

(c) Earnings from Series 2017-1 Class A-2 Distribution Account. All interest and earnings (net of losses and investment expenses)
paid on funds on deposit in the Series 2017-1 Class A-2 Distribution Account shall be deemed to be available and on deposit for distribution to the Series 2017-1 Class A-2 Noteholders. 

(d) Series 2017-1 Class A-2 Distribution Account Constitutes Additional Collateral for Series 2017-1 Class A-2 Notes. In
order to secure and provide for the repayment and payment of the Obligations with respect to the Series 2017-1 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 2017-1 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 2017-1 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 2017-1 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 2017-1
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 2017-1 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 2017-1 Class A-2 Distribution Account
Collateral”). 
 (e) Termination of Series 2017-1 Class A-2 Distribution Account. On or after the date on which all
accrued and unpaid interest on and principal of all Outstanding Series 2017-1 Class A-2 Notes have been paid, the Trustee, acting in accordance with the written instructions of the Master Issuer, shall withdraw from the Series 2017-1
Class A-2 Distribution Account all amounts on deposit therein for distribution pursuant to the Priority of Payments. 

Section 3.9 Trustee as Securities Intermediary and Calculation Agent. 

  
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 (a) The Trustee or other Person holding the Series 2017-1 Distribution Accounts shall be the
“Series 2017-1 Securities Intermediary.” If the Series 2017-1 Securities Intermediary in respect of the Series 2017-1 Distribution Accounts is not the Trustee, the Master Issuer shall obtain the express agreement of such other
Person to the obligations of the Series 2017-1 Securities Intermediary set forth in this Section 3.9. 
 (b) The Series 2017-1
Securities Intermediary agrees that: 
 (i) The Series 2017-1 Distribution Accounts are accounts to which Financial Assets
will or may be credited; 
 (ii) The Series 2017-1 Distribution Accounts are “securities accounts” within the
meaning of Section 8-501 of the New York UCC and the Series 2017-1 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 2017-1
Distribution Account shall be registered in the name of the Series 2017-1 Securities Intermediary, indorsed to the Series 2017-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series
2017-1 Securities Intermediary, and in no case will any Financial Asset credited to any Series 2017-1 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 2017-1 Securities Intermediary pursuant to this Series Supplement will
be promptly credited to the appropriate Series 2017-1 Distribution Account; 
 (v) Each item of property (whether investment
property, security, instrument or cash) credited to any Series 2017-1 Distribution Account shall be treated as a Financial Asset; 

(vi) If at any time the Series 2017-1 Securities Intermediary shall receive any entitlement order from the Trustee (including
those directing transfer or redemption of any Financial Asset) relating to the Series 2017-1 Distribution Accounts, the Series 2017-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master Issuer, any
other Securitization Entity or any other Person; 
 (vii) The Series 2017-1 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 be the Series 2017-1 Securities Intermediary’s jurisdiction and the Series 2017-1
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; 

  
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 (viii) The Series 2017-1 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 2017-1 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 2017-1 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 Series 2017-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.9(b)(vi) of this Series Supplement; and

 (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series
2017-1 Distribution Accounts, neither the Series 2017-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any Series 2017-1 Distribution Account or any Financial Asset credited thereto.
If the Series 2017-1 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 2017-1 Distribution Account or any Financial Asset carried therein, the Series 2017-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer and the Master
Issuer thereof. 
 (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all
right, title and interest in all funds on deposit from time to time in the Series 2017-1 Distribution Accounts and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class
Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 2017-1 Distribution Accounts; provided, however, that at all other times the Master Issuer shall be authorized to instruct the
Trustee to originate entitlement orders in respect of the Series 2017-1 Distribution Accounts. 
 (d) The Co-Issuers agree that for so long
as any of the Floating Rate Notes are Outstanding there will at all times be a calculation agent (the “Calculation Agent”) appointed to determine LIBOR and calculate the Series 2017-1 Class A-2 Note Rate for the Floating Rate
Notes in respect of each Interest Period. The Co-Issuers appoint Citibank, N.A. as Calculation Agent and Citibank, N.A. accepts such appointment. The Calculation Agent may be removed by the Co-Issuers at any time. If the Calculation Agent is unable
or unwilling to act as such or is removed by the Co-Issuers, the Co-Issuers will promptly appoint as a replacement Calculation Agent a leading bank which is engaged in transactions in Eurodollar deposits in the international Eurodollar market and
which does not control or is not controlled by or under common control with Holdco or its Affiliates. The Calculation Agent may not resign its duties without a successor having been duly appointed. Citibank, N.A., in its capacity as Calculation
Agent, shall be entitled to the same protections and indemnities provided to Citibank, N.A. in its capacity as Trustee pursuant to Article X of the Base Indenture. 

  
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 For so long as the Floating Rate Notes are Outstanding, as soon as possible after 11:00 a.m.
(London time) on the second London Banking Day before the commencement of each Interest Period (or, for the first Interest Period, on the Series 2017-1 Closing Date), the Calculation Agent will determine LIBOR and calculate the Series 2017-1
Class A-2 Note Rate applicable to the Floating Rate Notes for the following Interest Period and will communicate its LIBOR determination and such Series 2017-1 Class A-2 Note Rate to the Co-Issuers, the Trustee (if the Trustee is no longer
the Calculation Agent), the Manager, Euroclear and Clearstream. The Calculation Agent’s determination of the foregoing rates for any Interest Period in the absence of manifest error will be conclusive and binding on all parties. 

Section 3.10 Manager. Pursuant to the Management Agreement, the Manager 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 2017-1 Noteholders by their acceptance of the Series 2017-1 Notes consent to the provision of such reports and notices to the Trustee by the
Manager 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 2017-1 Noteholders hereunder will be made available on the Trustee’s website in the manner set
forth in Section 4.4 of the Base Indenture. 
 Section 3.11 Replacement of Ineligible Accounts. If, at any time, either of
the Series 2017-1 Class A-1 Distribution Account or the Series 2017-1 Class A-2 Distribution Account shall cease to be an Eligible Account (each, a “Series 2017-1 Ineligible Account”), the Master Issuer or any other
Co-Issuer shall (i) within five (5) Business Days of obtaining knowledge thereof, notify the Control Party thereof and (ii) within sixty (60) days of obtaining knowledge thereof, (A) establish, or cause to be established, a
new account that is an Eligible Account in substitution for such Series 2017-1 Ineligible Account, (B) following the establishment of such new Eligible Account, transfer or, with respect to the Trustee Accounts maintained at the Trustee,
instruct the Trustee in writing to transfer all cash and investments from such Series 2017-1 Ineligible Account into such new Eligible Account and (C) pledge, or cause to be pledged, such new Eligible Account to the Trustee for the benefit of
the Secured Parties and, if such new Eligible Account is not established with the Trustee, cause such new Eligible Account to be subject to an Account Control Agreement in form and substance reasonably acceptable to the Control Party and the
Trustee. 
 ARTICLE IV 

FORM OF SERIES 2017-1 NOTES 

Section 4.1 Issuance of Series 2017-1 Class A-1 Notes. (a) The Series 2017-1 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 2017-1 Class A-1 Noteholders (other than the Series 2017-1
Class A-1 Subfacility Noteholders) pursuant to and in accordance with the Series 2017-1 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 2.4 of the Base Indenture. Other than in accordance with this Series Supplement and the Series 2017-1 Class A-1 Note Purchase Agreement, the Series 2017-1 Class A-1 Advance Notes will not be permitted to be transferred,
assigned, 

  
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exchanged or otherwise pledged or conveyed by such Series 2017-1 Class A-1 Noteholders. The Series 2017-1 Class A-1 Advance Notes shall bear a face amount equal in the aggregate to up
to the then-applicable Series 2017-1 Class A-1 Maximum Principal Amount, and shall be initially issued on the Series 2017-1 Closing Date in an aggregate outstanding principal amount equal to the Series 2017-1 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 2017-1 Class A-1 Outstanding Principal Amount such that, subject to
Section 4.1(d) of this Series Supplement, the principal amount of the Series 2017-1 Class A-1 Advance Notes that are Outstanding accurately reflects all such Increases and Decreases. 

(b) The Series 2017-1 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 2017-1 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 2.4 of the Base Indenture. Other than in accordance with this Series Supplement and the Series 2017-1 Class A-1 Note Purchase Agreement, the Series
2017-1 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 2017-1 Class A-1 Swingline Note shall bear a face amount equal in the
aggregate to up to the Swingline Commitment as of the Series 2017-1 Closing Date, and shall be initially issued in an aggregate outstanding principal amount equal to the Series 2017-1 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 2017-1 Class A-1 Swingline Notes that is Outstanding accurately reflects all such Subfacility Increases and Subfacility Decreases. 

(c) The Series 2017-1 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 2017-1 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 2.4 of the Base Indenture. Other than in accordance with this Series Supplement and the Series 2017-1 Class A-1 Note Purchase Agreement, the Series
2017-1 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 2017-1 Class A-1 L/C Notes shall bear a face amount equal in the aggregate to up to
the L/C Commitment as of the Series 2017-1 Closing Date, and shall be initially issued in an aggregate amount equal to the Series 2017-1 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 2017-1 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 2017-1 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. 

  
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 (d) For the avoidance of doubt, notwithstanding that the aggregate face amount of the Series
2017-1 Class A-1 Notes will exceed the Series 2017-1 Class A-1 Maximum Principal Amount, at no time will the principal amount actually outstanding of the Series 2017-1 Class A-1 Advance Notes, the Series 2017-1 Class A-1
Swingline Notes and the Series 2017-1 Class A-1 L/C Notes in the aggregate exceed the Series 2017-1 Class A-1 Maximum Principal Amount. 

(e) The Series 2017-1 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 2017-1 Class A-1 Notes, as evidenced by their execution of
the Series 2017-1 Class A-1 Notes. The Series 2017-1 Class A-1 Notes may be produced in any manner, all as determined by the Authorized Officers executing such Series 2017-1 Class A-1 Notes, as evidenced by their execution of such
Series 2017-1 Class A-1 Notes. The initial sale of the Series 2017-1 Class A-1 Notes is limited to Persons who have executed the Series 2017-1 Class A-1 Note Purchase Agreement. The Series 2017-1 Class A-1 Notes may be resold
only to the Master Issuer, its Affiliates, and Persons who are not Competitors (except that Series 2017-1 Class A-1 Notes may be resold to Competitors with the written consent of the Co-Issuers) in compliance with the terms of the Series 2017-1
Class A-1 Note Purchase Agreement. 
 Section 4.2 Issuance of Series 2017-1 Class A-2 Notes. The Series 2017-1
Class A-2 Notes may be offered and sold in the aggregate Series 2017-1 Class A-2 Initial Principal Amount on the Series 2017-1 Closing Date by the Co-Issuers pursuant to the Series 2017-1 Class A-2 Note Purchase Agreement. The Series
2017-1 Class A-2 Notes will be resold initially only to the Master Issuer or its Affiliates or (A) in the United States, to a Person that is not a Competitor and that is a QIB in a transaction meeting the requirements of Rule 144A,
(B) outside the United States, to a Person that is not a Competitor and that is not a U.S. person (as defined in Regulation S) (a “U.S. Person”) in a transaction meeting the requirements of Regulation S or (C) to a Person
that is not a Competitor in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended, and the applicable securities laws of any state of the United States and any other jurisdiction, in each such case in
accordance with the Base Indenture and any applicable securities laws of any state of the United States. The Series 2017-1 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 2017-1 Class A-2 Notes will be Book-Entry Notes and DTC will be the Depository for the Series 2017-1 Class A-2 Notes. The Applicable Procedures shall be applicable to transfers of beneficial interests
in the Series 2017-1 Class A-2 Notes. The Series 2017-1 Class A-2 Notes shall be issued in minimum denominations of $50,000 and integral multiples of $1,000 in excess thereof. 

(a) Restricted Global Notes. The Series 2017-1 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 forms set forth in Exhibit A-2-1, Exhibit A-2-4 and Exhibit A-2-7 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 4.4, the “Restricted Global
Notes”). The aggregate initial principal amount of the Restricted Global Notes may from time to time be 

  
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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 2017-1 Class A-2 Notes offered and sold on the Series 2017-1 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 forms set forth in Exhibit A-2-2, Exhibit A-2-5 and Exhibit A-2-8 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 2017-1 Class A-2 Note, such Series 2017-1
Class A-2 Notes shall be referred to herein collectively, for purposes of this Section 4.2 and Section 4.4, 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 forms set forth in Exhibit A-2-3,
Exhibit A-2-6 and Exhibit A-2-9 hereto, as hereinafter provided (collectively, for purposes of this Section 4.2 and Section 4.4, 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
2017-1 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 4.4 of this Series
Supplement, 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 2017-1 Global Notes
shall be surrendered for cancellation at the applicable Corporate Trust Office. 
 Section 4.3 Transfer Restrictions of Series
2017-1 Class A-1 Notes. 
 (a) Subject to the terms of the Indenture and the Series 2017-1 Class
A-1 Note Purchase Agreement, the holder of any Series 2017-1 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 2017-1 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 2017-1 Class A-1 Advance Note transfers, in whole or in part, its interest in any Series 2017-1 Class A-1 Advance

  
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Note pursuant to (i) an Assignment and Assumption Agreement substantially in the form of Exhibit B to the Series 2017-1 Class A-1 Note Purchase Agreement or (ii) an Investor
Group Supplement substantially in the form of Exhibit C to the Series 2017-1 Class A-1 Note Purchase Agreement, then such Series 2017-1 Class A-1 Noteholder will not be required to submit a certificate substantially in the form of
Exhibit B-1 hereto upon transfer of its interest in such Series 2017-1 Class A-1 Advance Note. In exchange for any Series 2017-1 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 2017-1 Class A-1 Advance Notes for the same aggregate principal amount as was transferred. In the case of the transfer of any Series 2017-1 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 2017-1 Class A-1 Notes for the aggregate
principal amount that was not transferred. No transfer of any Series 2017-1 Class A-1 Advance Note shall be made unless the request for such transfer is made by the Series 2017-1 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 2017-1 Class A-1 Advance
Notes, the Trustee shall recognize the holders of such Series 2017-1 Class A-1 Advance Note as Series 2017-1 Class A-1 Noteholders. 

(b) Subject to the terms of the Indenture and the Series 2017-1 Class A-1 Note Purchase Agreement, the Swingline Lender may transfer any
Series 2017-1 Class A-1 Swingline Note in whole but not in part by surrendering such Series 2017-1 Class A-1 Swingline 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(d) of the Series 2017-1 Class A-1 Note Purchase Agreement. In exchange for any Series 2017-1 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 2017-1 Class A-1 Swingline Note for the same aggregate principal amount as was transferred. No transfer of any Series 2017-1 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 2017-1 Class A-1 Swingline Note, the Trustee shall recognize the holder of such Series 2017-1 Class A-1 Swingline Note as a Series 2017-1 Class A-1
Noteholder. 

  
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 (c) Subject to the terms of the Indenture and the Series 2017-1 Class A-1 Note Purchase
Agreement, the L/C Provider may transfer any Series 2017-1 Class A-1 L/C Note in whole or in part, in an amount equivalent to an authorized denomination, by surrendering such Series 2017-1 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 2017-1 Class A-1 Note Purchase Agreement. In
exchange for any Series 2017-1 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 2017-1 Class A-1 L/C Notes for the same aggregate principal amount as was transferred. In the case of
the transfer of any Series 2017-1 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 the transferor) to such address as the transferor may request, Series 2017-1 Class A-1 L/C Notes for the aggregate principal amount that was not transferred. No transfer of any Series 2017-1 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 2017-1 Class A-1 L/C Note, the Trustee shall recognize the holder of such Series 2017-1 Class A-1 L/C Note as a Series 2017-1 Class A-1 Noteholder. 

(d) Each Series 2017-1 Class A-1 Note shall bear the following legend: 

THE ISSUANCE AND SALE OF THIS SERIES 2017-1 VARIABLE FUNDING SENIOR SECURED NOTE, CLASS A-1 (“THIS NOTE”) HAVE 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 (AS DEFINED IN THE INDENTURE),
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 JUNE 12, 2017 BY AND AMONG THE CO-ISSUERS, THE GUARANTORS, THE
MANAGER, THE CONDUIT INVESTORS, THE COMMITTED NOTE PURCHASERS AND THE FUNDING AGENTS NAMED THEREIN AND COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, AS ADMINISTRATIVE AGENT. 

  
 27 

 The required legend set forth above shall not be removed from the Series 2017-1 Class A-1 Notes except as
provided herein. 
 Section 4.4 Transfer Restrictions of Series 2017-1 Class A-2 Notes. 

(a) A Series 2017-1 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 4.4(a) shall not prohibit any transfer of a Series 2017-1
Class A-2 Note that is issued in exchange for a Series 2017-1 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 2017-1 Global Note effected in
accordance with the other provisions of this Section 4.4. 
 (b) The transfer by a Series 2017-1 Note Owner holding a beneficial
interest in a Class A-2 Note in the form of 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 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
2017-1 Note Owner holding a beneficial interest in a Class A-2 Note in the form of 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 4.4(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 2017-1
Class A-2 Note Owner 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 beneficial interest in 

  
 28 

 
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 2017-1 Class A-2 Note Owner 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 4.4(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 2017-1 Class A-2 Note Owner 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 2017-1 Class A-2 Note Owner 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 4.4(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 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 

  
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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
2017-1 Class A-2 Note Owner 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 2017-1 Global Note or any portion thereof is exchanged for Series 2017-1 Class A-2 Notes other than Series
2017-1 Global Notes, such other Series 2017-1 Class A-2 Notes may in turn be exchanged (upon transfer or otherwise) for Series 2017-1 Class A-2 Notes that are not Series 2017-1 Global Notes or for a beneficial interest in a Series 2017-1
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 Section 4.4(a)
through Section 4.4(e) and Section 4.4(g) of this Series Supplement (including the certification requirement intended to ensure that transfers and exchanges of beneficial interests in a Series 2017-1 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 2017-1 Class A-2 Note, interests in the Regulation S Global Notes representing such Series 2017-1 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 4.4(g) shall not prohibit any transfer in accordance with Section 4.4(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 4.4. 

(h) The Series 2017-1 Class A-2 Notes Restricted Global Notes, the Series 2017-1 Class A-2 Notes Regulation S Global Notes and the
Series 2017-1 Class A-2 Notes Unrestricted Global Notes shall bear the following legend: 
 THE ISSUANCE AND SALE OF THIS SERIES 2017-1
CLASS A-2 NOTE HAVE 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 

  
 30 

 
OR ANY INTEREST HEREIN MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) TO DOMINO’S PIZZA MASTER ISSUER LLC OR AN AFFILIATE THEREOF, (B) IN THE UNITED STATES, TO
EITHER AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE THAT IS NOT A COMPETITOR AND IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE
ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION OR (C) OUTSIDE THE UNITED STATES, TO AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE WHO IS NEITHER A COMPETITOR NOR A
“U.S. PERSON” AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT (“REGULATION S”), ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE EXERCISES SOLE
INVESTMENT DISCRETION, AND NONE OF WHICH ARE A U.S. PERSON, 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 OF THE UNITED STATES AND ANY OTHER RELEVANT JURISDICTION. 
 BY ITS ACQUISITION OR ACCEPTANCE HEREOF,
THE HOLDER (IF NOT THE MASTER ISSUER OR AN AFFILIATE OF THE MASTER ISSUER) REPRESENTS THAT (A) IT IS NOT A COMPETITOR AND IS EITHER (X) A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A ACTING FOR ITS OWN ACCOUNT OR ONE
OR MORE ACCOUNTS WITH RESPECT TO WHICH IT EXERCISES SOLE INVESTMENT DISCRETION EACH OF WHICH IS A QUALIFIED INSTITUTIONAL BUYER OR (Y) NOT A “U.S. PERSON” AS DEFINED IN REGULATION S, ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS
WITH RESPECT TO WHICH IT EXERCISES SOLE INVESTMENT DISCRETION EACH OF WHICH IS NOT A “U.S. PERSON,” IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S, (B) IT AND EACH ACCOUNT FOR WHICH IT IS PURCHASING WILL HOLD AND TRANSFER
AT LEAST THE MINIMUM DENOMINATION OF NOTES, (C) IT UNDERSTANDS THAT THE CO-ISSUERS MAY RECEIVE A LIST OF PARTICIPANTS HOLDING POSITIONS IN THEIR NOTES FROM ONE OR MORE BOOK-ENTRY DEPOSITORIES, (D) IT WILL PROVIDE NOTICE OF THE TRANSFER
RESTRICTIONS TO ANY SUBSEQUENT TRANSFEREES. 
 EACH INITIAL PURCHASER AND EACH SUBSEQUENT TRANSFEREE (IF NOT THE MASTER ISSUER OR AN
AFFILIATE OF THE MASTER ISSUER) 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 

  
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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] [RESTRICTED
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. 

IF THIS NOTE WAS ACQUIRED IN THE UNITED STATES, AND THE HOLDER IS DETERMINED TO BE (I) A COMPETITOR OR (II) NOT TO HAVE BEEN A QUALIFIED
INSTITUTIONAL BUYER AT THE TIME OF ACQUISITION OF THIS NOTE, THE CO-ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER THAT IS (I) NOT A COMPETITOR AND (II) A QUALIFIED INSTITUTIONAL BUYER. THE CO-ISSUERS ALSO HAVE
THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A TRANSFEREE TAKING DELIVERY IN THE FORM OF AN INTEREST IN A RULE 144A GLOBAL NOTE THAT IS DETERMINED TO HAVE BEEN A COMPETITOR OR NOT TO HAVE BEEN A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF THE
TRANSFER. 
 IF THIS NOTE WAS ACQUIRED OUTSIDE THE UNITED STATES, AND THE HOLDER IS DETERMINED TO BE (I) A COMPETITOR OR (II) A
“U.S. PERSON” THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF ACQUISITION OF THIS NOTE, THE CO-ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER THAT IS (I) NOT A COMPETITOR AND (II) EITHER IS A
QUALIFIED INSTITUTIONAL BUYER OR NOT A “U.S. PERSON” IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S. THE CO-ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A TRANSFEREE TAKING DELIVERY IN THE FORM OF AN INTEREST IN
A REGULATION GLOBAL NOTE THAT IS DETERMINED TO HAVE BEEN A COMPETITOR OR A U.S. PERSON. 

  
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 (i) The Series 2017-1 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 NOT A “U.S. PERSON” AS DEFINED IN REGULATION S, THE MASTER ISSUER OR AN AFFILIATE OF THE MASTER ISSUER, AND 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 TO A PERSON THAT IS NOT A “U.S. PERSON” AS DEFINED IN REGULATION S, THE MASTER ISSUER OR AN AFFILIATE OF THE MASTER ISSUER AND 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. 

(j) The Series 2017-1 Global Notes issued in connection with the Series 2017-1 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 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 2017-1 Class A-2 Notes except as provided
herein. The legend required for a Series 2017-1 Class A-2 Notes Restricted Global Note may be removed from such Series 2017-1 

  
 33 

 
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 2017-1 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 2017-1 Class A-2 Notes
Restricted Global Note a Series 2017-1 Class A-2 Note or Series 2017-1 Class A-2 Notes having an equal aggregate principal amount that does not bear such legend. If such a legend required for a Series 2017-1 Class A-2 Notes Restricted
Global Note has been removed from a Series 2017-1 Class A-2 Note as provided above, no other Series 2017-1 Class A-2 Note issued in exchange for all or any part of such Series 2017-1 Class A-2 Note shall bear such legend, unless the
Co-Issuers have reasonable cause to believe that such other Series 2017-1 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 4.5 Reserved. 

Section 4.6 Note Owner Representations and Warranties. Each Person who becomes a Note Owner of a beneficial interest in a Series 2017-1
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 2017-1 Note as follows: 

(a) With respect to any sale of Series 2017-1 Notes pursuant to Rule 144A, it is a QIB pursuant to Rule 144A and is aware that any sale of
Series 2017-1 Notes to it will be made in reliance on Rule 144A. Its acquisition of Series 2017-1 Notes in any such sale will be for its own account or for the account of another QIB. 

(b) With respect to any sale of Series 2017-1 Notes pursuant to Regulation S, at the time the buy order for such Series 2017-1 Notes was
originated, it was outside the United States to a Person that is not a U.S. Person, and was not purchasing for the account or benefit of a U.S. Person. 

(c) It has not been formed for the purpose of investing in the Series 2017-1 Notes, except where each beneficial owner is a QIB (for Series
2017-1 Notes acquired in the United States) or not a U.S. Person (for Series 2017-1 Notes acquired outside the United States). 
 (d) It
will, and each account for which it is purchasing will, hold and transfer at least the minimum denomination of Series 2017-1 Notes. 
 (e)
It understands that the Co-Issuers, the Manager and the Servicer may receive a list of participants holding positions in the Series 2017-1 Notes from one or more book-entry depositories. 

(f) It understands that the Manager, the Co-Issuers and the Servicer may receive a list of Note Owners that have requested access to the
Trustee’s password-protected website or that have voluntarily registered as a Note Owner with the Trustee. 

  
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 (g) It will provide to each person to whom it transfers Series 2017-1 Notes notices of any
restrictions on transfer of such Series 2017-1 Notes. 
 (h) It understands that (i) the Series 2017-1 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 2017-1 Notes have not been registered under the Securities Act, (iii) the Series 2017-1 Notes may be offered,
resold, pledged or otherwise transferred only (A) to the Master Issuer or an Affiliate of the Master Issuer, (B) in the United States to a Person who the seller reasonably believes is a QIB in a transaction meeting the requirements of Rule
144A and that is not a Competitor, (C) outside the United States to a Person that is not a U.S. Person in a transaction meeting the requirements of Regulation S and that is not a Competitor or (D) to a Person that is not a Competitor 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, 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 2017-1 Note is required to, notify any subsequent purchaser of a Series 2017-1 Note of the resale restrictions set forth in clause
(iii) above. 
 (i) It understands that the certificates evidencing the Restricted Global Notes will bear legends substantially
similar to those set forth in Section 4.4(h) of this Series Supplement. 
 (j) It understands that the certificates evidencing
the Regulation S Global Notes will bear legends substantially similar to those set forth in Section 4.4(i) of this Series Supplement. 

(k) It understands that the certificates evidencing the Unrestricted Global Notes will bear legends substantially similar to those set forth
in Section 4.4(j) of this Series Supplement. 
 (l) Either (i) it is not acquiring or holding the Series 2017-1 Notes (or
any interest therein) for or on behalf of, or with the assets of, any plan, account or other arrangement that is subject to Title I of ERISA, Section 4975 of the Code or provisions under any Similar Law, or (ii) its purchase and holding of
the Series 2017-1 Notes or any interest therein will not constitute a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or a violation of any applicable Similar Law. 

(m) It understands that any subsequent transfer of the Series 2017-1 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 2017-1 Notes or any interest therein except in compliance with such restrictions and conditions and the Securities Act.

 (n) It is not a Competitor. 

  
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 ARTICLE V 

GENERAL 

Section 5.1 Information. On or before each Quarterly Payment Date, the Co-Issuers shall furnish, or cause to be furnished, a
Quarterly Noteholders’ Statement with respect to the Series 2017-1 Notes to the Trustee, substantially in the form of Exhibit C hereto, setting forth, inter alia, the following information with respect to such Quarterly
Payment Date: 
 (i) the total amount available to be distributed to Series 2017-1 Noteholders on such Quarterly Payment
Date; 
 (ii) the amount of such distribution allocable to the payment of interest on each Class of the Series 2017-1 Notes;

 (iii) the amount of such distribution allocable to the payment of principal of each Class of the Series 2017-1 Notes;

 (iv) the amount of such distribution allocable to the payment of any Series 2017-1 Class A-2 Make-Whole Prepayment
Premium, if any, on the Series 2017-1 Class A-2 Notes; 
 (v) the amount of such distribution allocable to the payment
of any fees or other amounts due to the Series 2017-1 Class A-1 Noteholders; 
 (vi) whether, to the Actual Knowledge
of the Co-Issuers, any Potential Rapid Amortization Event, Rapid Amortization Event, Default, Event of Default, Potential Manager Termination Event or Manager Termination Event has occurred as of the related Accounting Date or any Cash Trapping
Period is in effect, as of such Accounting Date; 
 (vii) the Quarterly DSCR for such Quarterly Payment Date and the three
Quarterly Payment Dates immediately preceding 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 amount of Global Retail Sales for the 13 Fiscal
Periods ended on the last day of the immediately preceding Fiscal Period; and 
 (x) the Series 2017-1 Available Senior
Notes Interest Reserve Account Amount and the amount on deposit in the Cash Trap Reserve Account, if any, in each case, as of the close of business on the last Business Day of the preceding Quarterly Collection Period. 

After the Co-Issuers furnish Same Store Sales Comparison Information for a Quarterly Collection Period to the SEC, the Co-Issuers shall
furnish the Trustee with a revised Quarterly Noteholders’ Statement with respect to the Series 2017-1 Notes which includes Same Store Sales 

  
 36 

 
Comparison Information. In the event that the Co-Issuers at any time are not required to report Same Store Sales Comparison Information to the SEC, the Co-Issuers shall nonetheless provide
revised Quarterly Noteholders’ Statements containing Same Store Sales Comparison Information to the Trustee (and the Trustee shall make such Same Store Sales Comparison Information available in accordance with Section 4.4 of the
Base Indenture) no later than the date that the Co-Issuers would have been required to furnish this information to the SEC had their obligations to provide this data not ceased. 

Any Series 2017-1 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 Rating Agencies. The Co-Issuers shall provide to 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. 

Section 5.5 Prior Notice by Trustee to the Controlling Class Representative and Control Party. Subject to Section 10.1
of the Base Indenture, 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 Controlling Class Representative and the Control Party and obtained the direction of the Control Party (subject to Section 11.4(e) of the Base Indenture, at the direction of the Controlling Class Representative). 

Section 5.6 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 5.7
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 5.8 Amendments. This Series Supplement may not be modified or
amended except in accordance with the terms of the Base Indenture. 

  
 37 

 Section 5.9 Termination of Series Supplement. This Series Supplement shall cease to
be of further effect when (i) all Outstanding Series 2017-1 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series 2017-1 Notes that have been replaced or paid) to the Trustee for
cancellation and all Letters of Credit have expired, have been cash collateralized in full pursuant to the terms of the Series 2017-1 Class A-1 Note Purchase Agreement or are deemed to no longer be outstanding in accordance with
Section 4.04 of the Series 2017-1 Class A-1 Note Purchase Agreement, (ii) all fees and expenses and other amounts under the Series 2017-1 Class A-1 Note Purchase Agreement have been paid in full and all Series 2017-1
Class A-1 Commitments have been terminated and (iii) the Co-Issuers have paid all sums payable hereunder. 
 Section 5.10
Entire Agreement. This Series Supplement, together with the exhibits and schedules hereto and the other Indenture Documents, 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 5.11 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] 

  
 38 

 IN WITNESS WHEREOF, each of the Co-Issuers, the Trustee, the Series 2017-1 Securities
Intermediary and the Calculation Agent 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 PIZZA MASTER ISSUER LLC, as

Co-Issuer

		
	By:	 	 /s/ Adam J. Gacek

		 	Name: Adam J. Gacek
		 	Title: Secretary
	
	 DOMINO’S PIZZA DISTRIBUTION LLC, as

Co-Issuer

		
	By:	 	 /s/ Adam J. Gacek

		 	Name: Adam J. Gacek
		 	Title: Secretary
	
	DOMINO’S IP HOLDER LLC, as Co-Issuer
		
	By:	 	 /s/ Adam J. Gacek

		 	Name: Adam J. Gacek
		 	Title: Secretary
	
	DOMINO’S SPV CANADIAN HOLDING COMPANY INC., as Co-Issuer
		
	By:	 	 /s/ Adam J. Gacek

		 	Name: Adam J. Gacek
		 	Title: Secretary

 
			
	CITIBANK, N.A., in its capacity as Trustee, as Series 2017-1 Securities Intermediary and as Calculation Agent
		
	By:	 	 /s/ Jacqueline Suarez

		 	Name: Jacqueline Suarez
		 	Title: Vice President

 [Signature Page for Series 2017-1 Supplement]EX-10.1

 Exhibit 10.1 

 
  

DOMINO’S PIZZA MASTER ISSUER LLC, 

CERTAIN SUBSIDIARIES OF DOMINO’S PIZZA MASTER ISSUER LLC 

PARTY HERETO, 
 DOMINO’S SPV
GUARANTOR LLC, 
 DOMINO’S PIZZA LLC, 

as Manager and in its individual capacity, 

DOMINO’S PIZZA NS CO., 
 and

 CITIBANK, N.A., 
 as Trustee

  
  

AMENDMENT NO. 2 
 Dated as
of July 24, 2017 
 to the 

AMENDED AND RESTATED MANAGEMENT AGREEMENT 

Dated as of March 15, 2012 
  

 
  

 

 AMENDMENT NO. 2 TO AMENDED AND RESTATED MANAGEMENT AGREEMENT 

AMENDMENT NO. 2, dated as of July 24, 2017 (this “Amendment”), to the Amended and Restated Management Agreement, dated as
of March 15, 2012 (as amended by Amendment No. 1, dated as of October 21, 2015, the “Management Agreement”) 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 SPV Canadian Holding Company Inc., a Delaware corporation (the “SPV Canadian
Holdco”), Domino’s IP Holder LLC, a Delaware limited liability company (the “IP Holder”, and together with the Master Issuer, the Domestic Distributor and SPV Canadian Holdco, the “Co-Issuers”),
Domino’s SPV Guarantor LLC, a Delaware limited liability company (the “SPV Guarantor”), Domino’s Pizza Franchising LLC, a Delaware limited liability company (the “Domestic Franchisor”), Domino’s Pizza
International Franchising Inc., a Delaware corporation (the “International Franchisor”), Domino’s Pizza Canadian Distribution ULC, a Nova Scotia unlimited company (the “Canadian Distributor”), Domino’s EQ
LLC, a Delaware limited liability company (the “Domestic Distribution Equipment Holder”), Domino’s RE LLC, a Delaware limited liability company (the “Domestic Distribution Real Estate Holder,” and together with
the SPV Guarantor, the Domestic Franchisor, the International Franchisor, the Canadian Distributor and the Domestic Distribution Equipment Holder, the “Guarantors”), Domino’s Pizza LLC, a Michigan limited liability company
(“DPL”), Domino’s Pizza NS Co., a Nova Scotia unlimited company (the “Canadian Manufacturer”), Citibank, N.A. (“Citibank”), as trustee (the “Trustee”). 

W I T N E S S E T H: 
 WHEREAS,
Section 8.2 of the Management Agreement provides, among other things, that the parties to the Management Agreement may amend the Management Agreement from time to time in a writing by such parties, with the consent of the Control Party
if such amendment could reasonably materially adversely affect the interest of the Noteholders, which consent shall not be unreasonably withheld; 

WHEREAS, the Co-Issuers, the Guarantors, DPL, the Canadian Manufacturer and the Trustee wish to amend the Management Agreement as set forth
herein; 
 WHEREAS, the Co-Issuers, the Guarantors, DPL and the Canadian Manufacturer have duly authorized the execution and delivery of
this Amendment; and 
 WHEREAS, the holders of the Series 2017-1 Senior Notes have consented to the terms of this Amendment and have
directed the Control Party to consent to this Amendment; 
 NOW, THEREFORE, in consideration of the provisions, covenants and the mutual
agreements herein contained, the parties hereto agree as follows: 

  
 2 

 ARTICLE I 

DEFINITIONS 
 Unless
otherwise defined herein, capitalized terms used herein (including the preamble and the recitals hereto) shall have the meanings assigned to such terms in the Definitions List attached as Annex A (as such Definitions List may be amended,
supplemented or otherwise modified from time to time, the “Base Indenture Definitions List”) to the Amended and Restated Base Indenture, dated as of March 15, 2012, by and among the Co-Issuers and the Trustee (as may be
amended, supplemented or otherwise modified from time to time, the “Base Indenture”). 
 ARTICLE II 

AMENDMENT 

Section 2.1 Weekly Management Fee (section 1.1 of the Management Agreement). The definition of “Weekly Management Fee”
in Section 1.1 of the Management Agreement is hereby amended by inserting the bold, double underlined text as follows: 

“Weekly Management Fee” means for each Weekly Allocation Date within a Quarterly Collection Period,
either (X) an amount, payable in arrears, determined by dividing (a) the sum (as adjusted pursuant to this definition) of (i) $26,500,000, plus
(ii) $600,000 for every 100 Open Domino’s Stores located in the contiguous United States as of the last day of the immediately preceding Quarterly Collection Period; by (b) 52 or 53, as applicable, based on the number of weeks
in the fiscal year; provided that the amount set forth in clause (a) will increase by 2% per annum on each anniversary of the Closing Date or, if the anniversary of the Closing Date in any calendar year is not the first day
of a Quarterly Collection Period, on the first day of the Quarterly Collection Period immediately following the anniversary of the Closing Date; provided, further, that the amount in clause (a), as adjusted, shall not exceed an
amount equal to 25% of the aggregate amount of Retained Collections with respect to the preceding four Quarterly Collection Periods, or (Y) an amount determined by another formula
notified by the Master Issuer in writing to the Trustee and the Control Party; provided that (a) the Master Issuer or the Manager certifies to the Trustee and the Control Party that such other formula was determined in consultation with the
Back-Up Manager, (b) after delivering such notification, the Master Issuer will disclose the then-applicable formula in subsequent Quarterly Noteholders’ Statements and (c) the Master Issuer or the Manager delivers written
confirmation to the Trustee and the Control Party that the Rating Agency Condition with respect to each Series of Notes Outstanding has been satisfied with respect to such new formula. For the avoidance of doubt, the Weekly Management Fee may
also be amended in accordance with the amendment provisions in Section 8.2 
 ARTICLE III 

EFFECTIVE DATE; IMPLEMENTATION DATE 

Section 3.1 Effective Date. The provisions of this Amendment shall become effective upon execution and delivery of this instrument
by the parties hereto, with the consent of the Control Party. Notwithstanding the foregoing sentence, Article II of this Amendment shall become operative only upon the payment in full of the Outstanding Principal Amount of the Series 2015-1
Class A-2 Notes (as defined in the Series 2015-1 Supplement, dated as of October 21, 2015) (such date, the “Implementation Date”). Except as expressly set forth or contemplated 

  
 3 

 
in this Amendment, the terms and conditions of the Management Agreement shall remain in place and not be altered, amended or changed in any manner whatsoever, except by any further amendment to
the Management Agreement made in accordance with the terms thereof, as amended by this Amendment. 
 ARTICLE IV 

GENERAL 
 Section 4.1
Binding Effect. This Amendment shall inure to the benefit of and be binding on the respective successors and assigns of the parties hereto. 

Section 4.2 Counterparts. The parties to this Amendment may sign any number of copies of this Amendment. Each signed copy shall be
an original, but all of them together represent the same agreement. 
 Section 4.3 Governing Law. THIS AMENDMENT SHALL BE
GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK). 

Section 4.4 Amendments. This Amendment may not be modified or amended except in accordance with the terms of the Management Agreement.

 Section 4.5 Matters relating to the Trustee. The Trustee makes no representations or warranties as to the correctness of the
recitals contained herein, which shall be taken as statements of the other parties, or the validity or sufficiency of this Amendment and the Trustee shall not be accountable or responsible for or with respect to nor shall the Trustee have any
responsibility for provisions thereof. In entering into this Amendment, the Trustee shall be entitled to the benefit of every provision of the Indenture relating to the conduct of or affecting the liability of or affording protection to the Trustee.

 ARTICLE V 
 REPRESENTATIONS
AND WARRANTIES 
 Each party hereto represents and warrants to each other party hereto that this Amendment has been duly and validly
executed and delivered by such party and constitutes its legal, valid and binding obligation, enforceable against such party in accordance with its terms. 

[Remainder of Page Intentionally Left Blank] 

  
 4 

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

					
	DOMINO’S PIZZA LLC, as Manager and in its individual capacity
		
	By:	 	 /s/ Adam J. Gacek

		 	Name:	 	Adam J. Gacek
		 	Title:	 	Secretary
	
	DOMINO’S PIZZA NS CO.
		
	By:	 	 /s/ Adam J. Gacek

		 	Name:	 	Adam J. Gacek
		 	Title:	 	Secretary
	
	DOMINO’S PIZZA MASTER ISSUER LLC
		
	By:	 	 /s/ Adam J. Gacek

		 	Name:	 	Adam J. Gacek
		 	Title:	 	Secretary
	
	DOMINO’S PIZZA DISTRIBUTION LLC
		
	By:	 	 /s/ Adam J. Gacek

		 	Name:	 	Adam J. Gacek
		 	Title:	 	Secretary

 Domino’s Amendment No. 2 to Amended and Restated Management Agreement 

 
			
	DOMINO’S SPV CANADIAN HOLDING COMPANY INC.
		
	By:	 	 /s/ Adam J. Gacek

		 	Name: Adam J. Gacek
		 	Title: Secretary
	
	DOMINO’S IP HOLDER LLC
		
	By:	 	 /s/ Adam J. Gacek

		 	Name: Adam J. Gacek
		 	Title: Secretary
	
	DOMINO’S SPV GUARANTOR LLC
		
	By:	 	 /s/ Adam J. Gacek

		 	Name: Adam J. Gacek
		 	Title: Secretary
	
	DOMINO’S PIZZA FRANCHISING LLC
		
	By:	 	 /s/ Adam J. Gacek

		 	Name: Adam J. Gacek
		 	Title: Secretary
	
	DOMINO’S PIZZA INTERNATIONAL FRANCHISING INC.
		
	By:	 	 /s/ Adam J. Gacek

		 	Name: Adam J. Gacek
		 	Title: Secretary

 Domino’s Amendment No. 2 to Amended and Restated Management Agreement 

 
			
	DOMINO’S PIZZA CANADIAN DISTRIBUTION ULC
		
	By:	 	 /s/ Adam J. Gacek

		 	Name: Adam J. Gacek
		 	Title: Secretary
	
	DOMINO’S EQ LLC
		
	By:	 	 /s/ Adam J. Gacek

		 	Name: Adam J. Gacek
		 	Title: Secretary
	
	DOMINO’S RE LLC
		
	By:	 	 /s/ Adam J. Gacek

		 	Name: Adam J. Gacek
		 	Title: Secretary

 Domino’s Amendment No. 2 to Amended and Restated Management Agreement 

 
			
	 CITIBANK, N.A.
 as
Trustee

		
	By:	 	 /s/ Jacqueline Suarez

		 	Name: Jacqueline Suarez
		 	Title: Vice President

 Domino’s Amendment No. 2 to Amended and Restated Management Agreement 

			
	CONSENT OF CONTROL PARTY AND
	CONTROLLING CLASS REPRESENTATIVE:
	
	MIDLAND LOAN SERVICES, a division of PNC Bank, National Association, as the Control Party in accordance with Section 2.4 of the Servicing Agreement and in its capacity as the Control Party to exercise
the rights of the Controlling Class Representative (pursuant to Section 11.1(d) of the Indenture)
		
	By:	 	 /s/ David A. Eckels

		 	Name: David A. Eckels
		 	Title: Senior Vice President

 Domino’s Amendment No. 2 to Amended and Restated Management Agreement

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