Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

AMENDMENT NO. 1 TO INTERCREDITOR AGREEMENT 

This AMENDMENT NO. 1 TO INTERCREDITOR AGREEMENT (this “Amendment”) is entered into as of April 25, 2018
(“Amendment Effective Date”) by and among WELLS FARGO CAPITAL FINANCE, LLC, in its capacity as agent under the ABL Loan Documents (as defined in the Intercreditor Agreement described below), including its successors in such capacity
from time to time (“ABL Agent”), UMB Bank, N.A. (“UMB”), in its capacity as Notes Agent under the Original Intercreditor Agreement described below and solely for the limited purposes set forth in Section 15(a)
below, and WILMINGTON TRUST, NATIONAL ASSOCIATION, in its capacity as collateral agent under the Notes Documents (as defined in the Amended Intercreditor Agreement described below), including its successors in such capacity from time to time
(“Notes Agent”). Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to such terms in the Amended Intercreditor Agreement (as defined below). 

RECITALS 
 A. The
ABL Agent and UMB are party to that certain Intercreditor Agreement, dated as of August 7, 2013 (the “Original Intercreditor Agreement”). 

B. LSB Industries, Inc., a Delaware corporation (the “Company”), certain direct and indirect subsidiaries of the Company, ABL
Agent and the lenders party thereto from time have entered into that certain Third Amended and Restated Loan and Security Agreement, dated as of January 17, 2017 (as amended, supplemented, amended and restated or otherwise modified from time to
time, the “ABL Credit Agreement”). 
 C. The Company previously issued its 8.50% senior secured notes due 2019 pursuant to
that certain Indenture dated as of August 7, 2013 by and among the Company, UMB, as trustee and as notes agent, and the notes guarantors party thereto (the “Existing Notes”). 

D. In connection with the entry by the Company, Wilmington Trust, National Association, as Trustee (the “Trustee”), Notes
Agent and the Notes Guarantors into that certain Indenture, dated as of April 25, 2018 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Indenture”), the Company’s 9.625% senior
secured notes due 2023 (the “Notes”) were issued, the proceeds of which were used in part to repurchase and/or redeem the Existing Notes. 

E. In connection with the entry into the Indenture and the issuance of the Notes, and pursuant to Section 7.10 of the Indenture and
Section 9.3 of the Intercreditor Agreement, the ABL Agent, UMB and the Notes Agent have agreed to execute and deliver this Amendment to evidence the removal of UMB as a party to the Original Intercreditor Agreement and, from and after the
Effective Date, the introduction of the Notes Agent as a party to the Amended Intercreditor Agreement. 
 NOW, THEREFORE, in consideration
of the foregoing, the terms, covenants and conditions contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

  
 1 

 SECTION 1. Amendment to Intercreditor Agreement. Subject to the satisfaction
of the conditions precedent set forth below, and in reliance on the representations, warranties, covenants and other agreements of the parties contained herein, the Original Intercreditor Agreement is hereby amended as set forth in Annex I (the
“Amended Intercreditor Agreement”). Attached hereto as Annex II is a copy containing the marked terms with, deletions of text in the Amended Intercreditor Agreement indicated by struck-through text, and insertions of text indicated
by double-underlined text. As so amended, the Intercreditor Agreement shall continue in full force and effect. 
 SECTION 2.
Representations and Warranties of Each Party. Each of ABL Agent and Notes Agent represents and warrants to the other as follows: 

(a) Such party is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization and has all
requisite power and authority to execute and deliver this Amendment and to perform its obligations hereunder. 
 (b) This Amendment has been
duly executed and delivered by such party and constitute a legal, valid and binding obligation of such party, enforceable in accordance with its terms subject to the effect of bankruptcy, insolvency or similar laws affecting generally the
enforcement of creditors’ rights as such laws would apply in the event of any bankruptcy, receivership, insolvency or similar event applicable to it and (B) to general equitable principles (whether enforceability of such principles is
considered in a proceeding at law or in equity). 
 (c) The execution, delivery, and performance by such party of this Amendment and the
Amended Intercreditor Agreement (i) do not require any consent or approval of, registration or filing with or any other action by any governmental authority and (ii) will not violate any provision of law, statute, rule or regulation, or of
the certificate or articles of incorporation or other constitutive documents or by-laws of such party or any order of any governmental authority or any provision of any indenture, agreement or other instrument
binding upon such party. 
 SECTION 3. Representations and Warranties of Each Agent. ABL Agent and Notes Agent each
represents and warrants to the other that it has been authorized and instructed by ABL Lenders or holders of the Notes, as applicable, under the ABL Credit Agreement or the Indenture, as applicable, to enter into this Amendment and the Amended
Intercreditor Agreement. 
 SECTION 4. Effectiveness; Severability. This Amendment shall become effective when executed
and delivered by the parties hereto. Any provision of this Amendment that is prohibited or unenforceable shall not invalidate the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction. 
 SECTION 5. Reference To And Effect Upon The Intercreditor
Agreement, Notes Documents and ABL Loan Documents. 

  
 2 

 (a) Except as expressly modified hereby, all terms, conditions, covenants, representations and
warranties contained in the Amended Intercreditor Agreement shall remain in full force and effect. Each of the parties hereto hereby confirms that the Amended Intercreditor Agreement is in full force and effect and that, as of the date hereof, no
Grantor has any right of setoff, recoupment or other offset or any defense, claim or counterclaim with respect to any of the Obligations or the Amended Intercreditor Agreement or any other Notes Document or ABL Loan Document. 

(b) Except as expressly provided herein, the execution, delivery and effectiveness of this Amendment shall not directly or indirectly
(i) constitute a consent or waiver of any past, present or future violations of any provisions of the Amended Intercreditor Agreement or (ii) amend, modify or operate as a waiver of any provision of the Amended Intercreditor Agreement or
any right, power or remedy of any Claimholder. 
 (c) From and after the date hereof, the term “Agreement” in the Amended
Intercreditor Agreement, and all references to the Intercreditor Agreement in any Notes Document and ABL Loan Document, shall mean the Amended Intercreditor Agreement, as amended hereby. 

(d) No Agent nor any other Claimholder has waived, is by this Amendment waiving or has any intention of waiving (regardless of any delay in
exercising such rights and remedies) any ABL Default or Notes Default which may be continuing on the date hereof or any ABL Default or Notes Default which may occur after the date hereof, and no Agent nor any Claimholder has agreed to forbear with
respect to any of its rights or remedies concerning any ABL Default or Notes Default, which may have occurred or are continuing as of the date hereof, or which may occur after the date hereof. 

(e) This Amendment shall not be deemed or construed to be a satisfaction, reinstatement, novation or release of the Amended Intercreditor
Agreement or any other Notes Document or ABL Loan Document. 
 SECTION 6. APPLICABLE LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 SECTION 7. SUBMISSION TO JURISDICTION;
WAIVERS. ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY PARTY ARISING OUT OF OR RELATING HERETO SHALL BE BROUGHT IN ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION IN THE STATE, COUNTY, AND CITY OF NEW YORK. BY EXECUTING AND DELIVERING THIS
AMENDMENT, EACH PARTY, FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, IRREVOCABLY: 
 (a) ACCEPTS GENERALLY AND UNCONDITIONALLY THE
JURISDICTION AND VENUE OF SUCH COURTS; 
 (b) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS; 

(c) AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT
REQUESTED, TO THE APPLICABLE PARTY AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 9.7 OF THE AMENDED INTERCREDITOR AGREEMENT; AND 

  
 3 

 (d) AGREES THAT SERVICE AS PROVIDED IN CLAUSE (c) ABOVE IS SUFFICIENT TO
CONFER PERSONAL JURISDICTION OVER THE APPLICABLE PARTY IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT. 

SECTION 8. EACH OF THE PARTIES HERETO (INCLUDING THE PARENT ON BEHALF OF ITSELF AND ITS SUBSIDIARIES) HEREBY WAIVES ITS RESPECTIVE RIGHTS
TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING HEREUNDER. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT
RELATE TO THE SUBJECT MATTER HEREOF, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS
RELATIONSHIP THAT EACH HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AMENDMENT, AND THAT EACH WILL CONTINUE TO RELY ON THIS WAIVER IN ITS RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS
WAIVER WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE; MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A
MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION 8) AND EXECUTED BY ABL AGENT AND NOTES AGENT), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS, OR MODIFICATIONS HERETO. IN THE EVENT OF LITIGATION,
THIS AMENDMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 
 SECTION 9. Headings. Section headings
in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose or be given any substantive effect. 

SECTION 10. Counterparts. This Amendment may be executed in counterparts (and by different parties hereto in different
counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Amendment or any document or instrument delivered in
connection herewith by telecopy or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Amendment or such other document or instrument, as applicable. 

SECTION 11. Binding on Successors and Assigns. This Agreement shall be binding upon UMB, ABL Agent, ABL Claimholders,
Notes Agent, Notes Claimholders, and their respective successors and assigns. 

  
 4 

 SECTION 12. No Third Party Beneficiaries. This Amendment and the rights and
benefits hereof shall inure to the benefit of each of the parties hereto and its respective successors and assigns and shall inure to the benefit of and bind each of ABL Claimholders and Notes Claimholders. In no event shall any Grantor be a third
party beneficiary of this Amendment. 
 SECTION 13. Indenture and Notes Security Agreement Protections. In connection
with its execution and acting under this Amendment, Notes Agent is entitled to all rights, privileges, protections, immunities, benefits and indemnities provided to it under the Indenture and the Notes Security Agreement, all of which are
incorporated by reference herein mutatis mutandis. In connection with exercising any right or discretionary duty hereunder, the Notes Agent shall be entitled to request and rely upon the direction of those Persons entitled to direct the Notes Agent
pursuant to the Notes Documents unless the Collateral Agency Agreement is in effect, in which case the Notes Agent shall be entitled to request and rely upon the direction of those Persons entitled to direct the Notes Agent pursuant to the
Collateral Agency Agreement. The Notes Agent shall not be responsible for and makes no representation as to the validity or adequacy of this Amendment. 

SECTION 14. No Trust or Fiduciary Relationship; Duties of the Notes Agent. 

(a) The Notes Agent shall not be deemed to be in a relationship of trust or confidence with the ABL Agent, any ABL Claimholders, or any other
Person by reason of this Amendment, and shall not owe any fiduciary, trust or other special duties to the ABL Agent, any ABL Claimholders, or any other Person by reason of this Amendment. 

(b) The parties hereto acknowledge that the Notes Agent’s duties do not include any discretionary authority, determination, control or
responsibility with respect to any Notes Collateral Documents or any Collateral, notwithstanding any rights or discretion that may be granted to the Notes Agent in this Agreement or in such other Notes Collateral Documents. 

(c) The Notes Agent shall be responsible only for the performance of such duties as are expressly set forth herein. 

SECTION 15. Termination of UMB. 

(a) From and after the satisfaction and discharge of the Existing Notes on the Amendment Effective Date, in reliance on the representations and
warranties of the Company separately made by the Company to UMB and without any representation or warranty by UMB or recourse to UMB, UMB acknowledges that it shall no longer be a party to the Intercreditor Agreement. 

(b) After giving effect to the removal of UMB as set forth above, Notes Agent shall become a party to the Intercreditor Agreement as the
“Notes Agent” thereunder in the manner set forth in the Amended Intercreditor Agreement; provided it is understood and agreed that the Notes Agent shall not be deemed to have assumed any obligation or liability in respect of the
Intercreditor Agreement prior to the Amendment Effective Date. Under no circumstances is the Notes Agent succeeding to UMB or otherwise assuming any obligations or liabilities of UMB or the “Notes Agent” as defined in the Original
Intercreditor Agreement, nor shall the Notes Agent be liable under any circumstances to any Person in respect of any matter arising under the Original Intercreditor Agreement. The Notes Agent shall only be subject to the terms of the Amended
Intercreditor Agreement, from and after the Amendment Effective Date. 
 [Signature pages follow.] 

  
 5 

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

			
	WELLS FARGO CAPITAL FINANCE, LLC, as ABL Agent

 
			
		
	By:	 	 /s/ Matt Mouledous

			
	Name:  Matt Mouledous
	Title:    Vice President

 [Signature Page to Amendment No. 1 to Intercreditor Agreement] 

 
			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Notes Agent

 
			
		
	By:	 	 /s/ John T. Needham, Jr.

			
	Name:	 	 John T. Needham, Jr.

	Title:	 	 Vice President

 [Signature Page to Amendment No. 1 to Intercreditor Agreement] 

 
			
	SOLELY FOR THE LIMITED PURPOSES SET FORTH IN SECTION 15(A):
	
	UMB Bank, N.A., as Notes Agent

 
			
		
	By:	 	 /s/ Janet Lambert

 

			
	Name:	 	 Janet Lambert

	Title:	 	 Vice President

 [Signature Page to Amendment No. 1 to Intercreditor Agreement] 

 ACKNOWLEDGMENT 

Each of the undersigned hereby acknowledge that they have received a copy of the foregoing Intercreditor Agreement and consent thereto, agree
to recognize all rights granted thereby to ABL Agent, ABL Claimholders, Notes Agent, and Notes Claimholders, and will not do any act or perform any obligation which is not in accordance with the agreements set forth therein. 

 

			
	ACKNOWLEDGED AS OF THE DATE FIRST WRITTEN ABOVE:
	
	THE COMPANY:
	
	 LSB INDUSTRIES, INC.,
 a
Delaware corporation

 
			
		
	By:	 	 /s/ Kristy Carver

 

			
	Name:  Kristy Carver
	Title:    Vice President and Treasurer
	
	THE NOTES GUARANTORS AND THE ABL GUARANTORS:
	
	CHEROKEE NITROGEN L.L.C.
	LSB CHEMICAL L.L.C.
	EL DORADO CHEMICAL COMPANY
	CHEMEX I CORP.
	TRISON CONSTRUCTION, INC.
	PRYOR CHEMICAL COMPANY
	EL DORADO NITROGEN L.L.C.
	EL DORADO AMMONIA L.L.C.
	EDC AG PRODUCTS COMPANY L.L.C.

 
			
		
	By:	 	 /s/ Kristy Carver

 

			
	Name:  Kristy Carver
	Title:    Vice President and Treasurer

 [Acknowledgement to Amendment No. 1] 

 ANNEX I 

Amended Intercreditor Agreement 

(See attached.) 

 Execution Version 

INTERCREDITOR AGREEMENT 

This INTERCREDITOR AGREEMENT (this “Agreement”) is dated as of August 7, 2013, and entered into by and between
WELLS FARGO CAPITAL FINANCE, LLC, in its capacity as agent under the ABL Loan Documents (as defined below), including its successors in such capacity from time to time (“ABL Agent”), and WILMINGTON TRUST, NATIONAL
ASSOCIATION, in its capacity as collateral agent under the Notes Documents (as defined below), including its successors in such capacity from time to time (“Notes Agent”). 

RECITALS 
 LSB
INDUSTRIES, INC., a Delaware corporation (the “Company”), certain direct and indirect Subsidiaries of the Company, ABL Agent and the lenders party thereto from time have entered into that certain Third Amended and Restated Loan
and Security Agreement, dated as of January 17, 2017, providing for a revolving credit facility (as amended, supplemented, amended and restated or otherwise modified from time to time, the “ABL Credit Agreement”); 

The Company, Wilmington Trust, National Association, as Trustee (the “Trustee”), Notes Agent and the Notes Guarantors (as
defined below) have entered into that certain Indenture, dated as of April 25, 2018 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Indenture”), pursuant to which the Company’s
9.625% senior secured notes due 2023 (the “Notes”) were issued; 
 Pursuant to (i) Section 18 of the ABL Credit
Agreement, the Company (with respect to primary obligations of its Subsidiaries party thereto) and certain of its Subsidiaries (the Company and such Subsidiaries in such capacity, each, an “ABL Guarantor” and collectively, jointly
and severally, the “ABL Guarantors”) have guaranteed the Obligations (as defined in the ABL Credit Agreement) (the “ABL Guaranty”); and (ii) the Indenture, certain of the Company’s Subsidiaries (in such
capacity, each, a “Notes Guarantor” and collectively, jointly and severally, the “Notes Guarantors”; the Notes Guarantors, together with the ABL Guarantors, each a “Guarantor” and collectively,
jointly and severally, the “Guarantors”) have guaranteed the Obligations (as defined in the Indenture) under the Notes Documents; 

The obligations of the Company and the ABL Guarantors under the ABL Credit Agreement (including the ABL Guaranty) are to be secured on a
first-priority basis by Liens (as defined below) on the ABL Priority Collateral (as defined below); 
 The obligations of the Company and
the Notes Guarantors under the Indenture are to be secured (x) on a first-priority basis by Liens on the Notes Priority Collateral and (y) on a second-priority basis by Liens on the ABL Priority Collateral; 

The ABL Loan Documents and the Notes Documents provide, among other things, that the parties thereto shall set forth in this Agreement their
respective relative rights, priorities and remedies with respect to their respective security interests in the Collateral (as defined below) and certain other matters; 

ABL Agent and Notes Agent (at the deemed direction of the Holders of the Notes under the Indenture) have agreed to the intercreditor and other
provisions set forth in this Agreement in order to provide for the orderly sharing among them, in accordance with such priorities, of the proceeds of Collateral upon foreclosure thereupon or other disposition thereof; and 

  
 1 

 With respect to any Other Pari Passu Lien Obligations incurred after the First Amendment
Effective Date by the Company and the Notes Guarantors, the Other Pari Passu Lien Obligations Agent shall execute a joinder to this Agreement and enter into a pari passu intercreditor and collateral agency agreement (the “Collateral Agency
Agreement”) (or execute a joinder to any then-existing such agreement) governing the priorities and other relative rights among the Holders of the Notes under the Indenture and the holders of the Other Pari Passu Lien Obligations. 

AGREEMENT 
 In
consideration of the foregoing, the mutual covenants and obligations herein set forth and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto, intending to be legally bound,
hereby agree as follows: 
 SECTION 1. Definitions; Rules of Construction. 

1.1 UCC Terms. The following terms have the meanings given to them in the UCC and terms used herein without definition that are defined
in the UCC have the meanings given to them in the UCC (such meanings to be equally applicable to both the singular and plural forms of the terms defined): “account,” “account debtor,” “chattel paper,” “commercial
tort claim,” “deposit account,” “equipment,” “fixture,” “general intangible,” “goods,” “instruments,” “inventory,” “letter-of-credit right,” “proceeds,” “record,” “securities account,” “security” and “supporting obligation”. 

1.2 Defined Terms. As used in this Agreement, the following terms shall have the following meanings: 

“ABL Agent” has the meaning set forth in the preamble to this Agreement. 

“ABL Claimholders” means, at any relevant time, the holders of ABL Obligations at that time, including ABL Agent, the ABL
Lenders, each Issuing Lender (as defined in the ABL Credit Agreement), each other Indemnified Person (as defined in the ABL Credit Agreement) and each other holder of any Obligation (as defined in the ABL Credit Agreement) of a Borrower (as defined
in the ABL Credit Agreement) including each Bank Product Provider with respect to Bank Product Obligations and Hedge Agreement Obligations. 

“ABL Collateral” means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which
a consensual Lien is granted as security for any ABL Obligation. 
 “ABL Collateral Documents” means the security
agreements, pledge agreements, Mortgages, hypothecs, collateral assignments, deeds of trust, deeds to secure debt and related agreements, and any other agreements, documents or instruments, in each case pursuant to which a Lien is granted to secure
any ABL Obligations or under which rights or remedies with respect to such Liens are governed. 

  
 2 

 “ABL Credit Agreement” has the meaning set forth in the recitals to this
Agreement. 
 “ABL Default” means any “Event of Default,” as such term is defined in any ABL Loan Document. 

“ABL Guaranty” has the meaning set forth in the recitals to this Agreement, but shall also include each other guaranty made
by any other guarantor in favor of ABL Agent. 
 “ABL Lenders” means the “Lenders” as defined in the ABL Credit
Agreement. 
 “ABL Loan Documents” means the ABL Collateral Documents, the ABL Credit Agreement, the ABL Guaranty and each
of the other Loan Documents (as defined in the ABL Credit Agreement). 
 “ABL Obligations” means all obligations and all
amounts owing, due or secured under the terms of the ABL Credit Agreement, any Hedge Agreement, any Bank Product Agreement or any other ABL Loan Document, whether now existing or arising hereafter, including all principal, premium, interest, fees,
attorneys’ fees, costs, charges, expenses, reimbursement obligations, obligations to post cash collateral in respect of Letters of Credit, Bank Product Obligations, Hedge Agreement Obligations or indemnities in respect thereof, any other
indemnities or guarantees, and all other amounts payable under or secured by any ABL Loan Document (including, in each case, all Obligations (as such term is defined in the ABL Credit Agreement), all Bank Product Obligations, all Hedge Agreement
Obligations, and all amounts accruing on or after the commencement of any Insolvency Proceeding relating to any Grantor, or that would have accrued or become due under the terms of the ABL Loan Documents but for the effect of the Insolvency
Proceeding and irrespective of whether a claim for all or any portion of such amounts is allowable or allowed in such Insolvency Proceeding). 

“ABL Priority Collateral” means all of each Grantor’s right, title and interest in and to the following property of such
Grantor, wherever located and whether now owned by such Grantor or hereafter acquired: 
 (a) all accounts (except to the extent that such
accounts constitute identifiable proceeds of equipment, Investment Related Property or Real Estate Assets not otherwise identified as ABL Priority Collateral), and any and all supporting obligations in respect thereof; 

(b) all inventory, including goods held for sale or lease or to be furnished under a contract of service, goods that are leased by the Company
or a Guarantor as lessor, goods that are furnished by the Company or a Guarantor under a contract of service, and raw materials, work in process or materials used or consumed in the business of the Company or any Guarantor; 

(c) all Books; 
 (d) all general
intangibles other than (i) the Capital Stock of each limited liability company, limited partnership or other business entity owned by the Company or any Guarantor, and all supporting obligations in respect thereof and (ii) intellectual
property; 

  
 3 

 (e) all Investment Related Property other than (i) the Capital Stock of each corporation,
limited liability company, limited partnership or other business entity owned by the Company or any Guarantor, and all supporting obligations in respect thereof and (ii) investment property relating to or included in any account constituting
identifiable proceeds of Note Priority Collateral; 
 (f) all Letters of Credit, letter-of-credit rights, instruments, promissory notes, drafts, documents and chattel paper (including all tangible and electronic chattel paper), and any and all supporting obligations in respect thereof;

 (g) all money or other assets of the Company and each Guarantor that arise from or relate to any ABL Priority Collateral listed in clauses
(a) through (f) above that now or hereafter come into the possession, custody or control of any of the ABL Lenders or ABL Agent (or any successor thereto); and 

(h) the proceeds and products, whether tangible or intangible, of any of the foregoing, including proceeds of insurance covering any or all of
the foregoing, and any and all assets of the type described in clauses (a) through (f) above, money, deposit accounts or other tangible or intangible property resulting from the sale, exchange, collection or other disposition of any of the
foregoing, or any portion thereof or interest therein, and the proceeds thereof; 
 provided, however, that the ABL Priority
Collateral shall not include any (i) Notes Priority Collateral or (ii) any Excluded Property. 
 “Affiliate”
means, with respect to any specified person, any other person who directly or indirectly through one or more intermediaries controls, or is controlled by, or is under common control with, such specified person. The term “control” means the
possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a person, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and
“controlled” have meanings correlative of the foregoing. 
 “Agent” means ABL Agent, Notes Agent or the Other
Pari Passu Lien Obligations Agent, as the context requires. 
 “Agreement” has the meaning set forth in the preamble
hereto. 
 “Bank Product Agreements” means “Bank Product Agreements,” as that term is defined in the ABL Credit
Agreement. 
 “Bank Product Obligations” means “Bank Product Obligations,” as that term is defined in the ABL
Credit Agreement. 
 “Bank Product Provider” means “Bank Product Provider,” as that term is defined in the ABL
Credit Agreement. 
 “Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy,” as now or
hereafter in effect, or any successor statute. 

  
 4 

 “Bankruptcy Law” means (i) the Bankruptcy Code, (ii) any other
federal, state or foreign law for the relief of debtors, and (iii) any other similar statute or law, in each case as applicable and as now and hereafter in effect, or any successor statute. 

“Books” means books and records (including each Grantor’s records indicating, summarizing or evidencing such
Grantor’s assets (including the Collateral) or liabilities, each Grantor’s records relating to such Grantor’s business operations or financial condition, and each Grantor’s goods or general intangibles related to such
information). 
 “Business Day” means any day other than a Saturday, Sunday or day on which commercial banks in the State
of New York or the office of an Agent are authorized or required by law to remain close. 
 “Capital Stock” means: 

(a) with respect to any Person that is a corporation, any and all shares, interests, participations or other equivalents (however designated
and whether or not voting) of corporate stock, including each class of Common Stock (as defined in the Indenture as in effect on the date hereof) and Preferred Stock (as defined in the Indenture as in effect on the date hereof) of such Person, and
all options, warrants or other rights to purchase or acquire any of the foregoing; and 
 (b) with respect to any Person that is not a
corporation, any and all partnership, membership or other equity interests of such Person, and all options, warrants or other rights to purchase or acquire any of the foregoing. 

“Cash Equivalents” means (a) any readily-marketable securities or any marketable direct obligation (i) issued by,
or directly, unconditionally and fully guaranteed or insured by, the United States federal government or (ii) issued by any agency of the United States federal government the obligations of which are fully backed by the full faith and credit of
the United States federal government, (b) any bankers acceptance or commercial paper of an issuer rated at least “A-1” by Standard & Poor’s Rating Group
(“S&P”) or “P-1” by Moody’s Investors Service, Inc. (“Moody’s”), or carrying an equivalent rating by a nationally recognized rating agency, if one or
both of the two named rating agencies cease publishing ratings of commercial paper issuers generally, (c) any United States dollar-denominated time deposit, insured certificate of deposit, overnight bank deposit, repurchase agreements, reverse
purchase agreements or bankers’ acceptance issued or accepted by (i) any ABL Lender or (ii) any commercial bank that (A) is organized under the laws of the United States, any state thereof or the District of Columbia,
(B) has combined capital and surplus of not less than $500,000,000 and (C) is rated at least “A-1” by S&P and “P-1” by Moody’s, or
carrying an equivalent rating by a nationally recognized rating agency, if one or both of the two named rating agencies cease publishing ratings of commercial paper issuers generally, and (d) shares of any United States money market fund that
(i) complies with the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of 1940, as amended, (ii) is rated “AAA” by S&P and “Aaa” by Moody’s and
(iii) has portfolio assets of at least $5,000,000,000; provided, however, that the maturities of all obligations specified in any of clauses (a), (b) or (c) above shall not exceed 365 days. 

  
 5 

 “Claimholders” means, with respect to the ABL Obligations, the ABL Claimholders,
and with respect to the Notes Obligations, the Notes Claimholders. 
 “Collateral” means all of the assets and property of
any Grantor, whether real, personal or mixed, which constitute ABL Collateral or Notes Collateral. 
 “Company” has the
meaning set forth in the recitals to this Agreement. 
 “Default Disposition” means any private or public Disposition of
(i) all or any material portion of the ABL Priority Collateral by one or more Grantors with the consent of ABL Agent after the occurrence and during the continuance of an ABL Default (and prior to the Discharge of ABL Obligations) or
(ii) all or any material portion of the Notes Priority Collateral by one or more Grantors with the consent of Notes Agent after the occurrence and during the continuance of a Notes Default (and prior to the Discharge of Notes Obligations),
which Disposition is conducted by such Grantors with the consent of ABL Agent in the case of the former, or Notes Agent in the case of the latter, in connection with good faith efforts by ABL Agent or Notes Agent, as the case may be, to collect the
ABL Obligations through the Disposition of ABL Priority Collateral or the Notes Obligations through the Disposition of Notes Priority Collateral. 

“Discharge of ABL Obligations” means, except to the extent otherwise expressly provided in
Section 5.5: 
 (a) the indefeasible payment in full in cash of all ABL Obligations (other than outstanding Letters
of Credit, Bank Product Obligations, Hedge Agreement Obligations and contingent indemnification obligations for which no underlying claim has been asserted); 

(b) termination or expiration of all commitments, if any, to extend credit that would constitute ABL Obligations (other than commitments of a
Bank Product Provider to extend credit that constitutes Bank Product Obligations pursuant to a Bank Product Agreement as to which satisfactory arrangements have been made with the applicable Bank Product Provider); 

(c) termination or cash collateralization (in an amount and in the manner required by the ABL Credit Agreement) of all outstanding Letters of
Credit; and 
 (d) termination or cash collateralization (in an amount reasonably satisfactory to the applicable Bank Product Provider) of
any Hedge Agreement Obligations pursuant to Hedge Agreements issued or entered into by any Bank Product Provider. 
 “Discharge of
Notes Obligations” means, except to the extent otherwise expressly provided in Section 5.5, all Notes Obligations (other than contingent indemnification obligations for which no underlying claim has been asserted)
have been indefeasibly paid, performed or discharged in full (with all such Notes Obligations consisting of monetary or payment obligations having been paid in full in cash). 

“Disposition” or “Dispose” means the sale, assignment, transfer, license, lease (as lessor), exchange or
other disposition (including any sale and leaseback transaction) of any property by any person (or the granting of any option or other right to do any of the foregoing). 

  
 6 

 “Domestic Subsidiary” means, with respect to any person, any Subsidiary of such
person other than a Foreign Subsidiary. 
 “Enforcement Notice” shall mean a written notice delivered by either ABL Agent
or Notes Agent to the other stating that an ABL Default or a Notes Default, as applicable, has occurred and is continuing under the ABL Credit Agreement or the Indenture, as applicable, and that an Enforcement Period has commenced with respect to
the ABL Priority Collateral or Notes Priority Collateral, as applicable, specifying the relevant event of default, stating the current balance of the ABL Obligations or the Note Obligations, as applicable, and requesting the current balance of the
ABL Obligations or Note Obligations, as applicable, owing to the noticed party. 
 “Enforcement Period” shall mean the
period of time following the receipt by either ABL Agent or Notes Agent of an Enforcement Notice from the other and continuing until the earliest of (a) in case of an Enforcement Period commenced by Notes Agent, the Discharge of Notes
Obligations, (b) in the case of an Enforcement Period commenced by ABL Agent, the Discharge of ABL Obligations or (c) ABL Agent or Notes Agent (as applicable) terminating, or agreeing in writing to terminate, the Enforcement Period
(including in connection with a waiver or cure of the default that gave rise to such Enforcement Notice). 
 “Excluded
Property” means (a)(i) any fee-owned real property with a Fair Market Value as of the date of the Indenture (or, if later, the date of acquisition thereof by the Company or any Guarantor) equal to or
less than $10,000,000 (other than any Issue Date Real Property Collateral) and any leasehold interest in real property; (ii) motor vehicles, airplanes and other assets subject to certificates of title; (iii) except as expressly
provided in the ABL Collateral Documents or Notes Collateral Documents, letter-of-credit rights and commercial tort claims; (iv) any governmental licenses or state
or local franchises, charters and authorizations to the extent security interest is prohibited or restricted thereby (other than to the extent that any such prohibition would be rendered ineffective pursuant to any other applicable requirements of
law, including pursuant to Section 9-406, 9-407, 9-408 or 9-409 of the UCC); (v)
pledges and security interests prohibited or restricted by applicable law (including any requirement to obtain the consent of any governmental authority or third party); (vi) any lease, license or agreement or any property subject to such agreement
to the extent that a grant of a security interest therein would violate or invalidate such lease, license or agreement or create a right of termination in favor of any other party thereto or otherwise require consent thereunder (after giving effect
to the applicable anti-assignment provisions of the UCC or other applicable law), other than proceeds and receivables thereof, the assignment of which is expressly deemed effective under the UCC or other applicable law notwithstanding such
prohibition; (vii) any assets to the extent that a security interest in such assets would reasonably be expected to result in material adverse tax consequences, as reasonably determined in good faith by the Company and, in the case of any Notes
Document, certified to the Notes Agent in writing in the form of an Officers’ Certificate (as defined in the Indenture) (viii) any intent-to-use trademark
application prior to the filing of a “Statement of Use” or “Amendment to Allege Use” with respect thereto, to the extent, if any, that, and solely during the period, if any, in which, the grant of a security interest therein
would impair the validity or enforceability of such intent-to-use trademark application under applicable federal law; (ix) stock and assets of Unrestricted
Subsidiaries; (x) interests in joint ventures and non-wholly owned subsidiaries that cannot be pledged without the consent of third parties after 

  
 7 

 
giving effect to the applicable anti-assignment provisions of the UCC or other applicable law; (xi) Capital Stock (i) representing voting stock in excess of 65% of the outstanding
voting stock of any Foreign Subsidiary or Pass-Through Foreign Holdco, in each case that is owned by the Company or a Guarantor and (ii) of any Subsidiary of any Foreign Subsidiary or Pass-Through Foreign Holdco described in clause (i); (xii)
rolling stock; (xiii) [reserved]; (xiv) with respect to the Notes Priority Collateral, general intangibles (other than equity interests of each limited liability company, limited partnership or other business entity that is a
Restricted Subsidiary that is owned by the Company or a Guarantor and other than any Intercompany Pledged Debt Instruments; (xv) intellectual property; and (xvi) (A) in the case of any ABL Loan Document, assets where the cost or burden of
obtaining a security interest therein exceeds the practical benefit to the ABL Claimholders afforded thereby, as reasonably determined by ABL Agent and the Company and (B) in the case of any Notes Document, assets where the cost or burden of
obtaining a security interest therein exceeds the practical benefit to the Notes Claimholders afforded thereby, as reasonably determined in good faith by the Company and certified to the Notes Agent in writing in the form of an Officers’
Certificate (as defined in the Indenture). For purposes of clause (xi) of this definition, “voting stock” means, with respect to any issuer of equity interests, the issued and outstanding shares of each class of equity interests of
such issuer entitled to vote (within the meaning of Treasury Regulations § 1.956-2(c)(2)). 

“Exercise any Secured Creditor Remedies” or “Exercise of Secured Creditor Remedies” means (a) the
taking of any action to enforce any Lien in respect of, exercise any right, remedy or power with respect to, or otherwise take any action to enforce its interest in or realize upon, or take any other action available to it in respect of, the
Collateral, including the institution of any judicial or non-judicial foreclosure proceedings, the noticing of any public or private sale or other disposition pursuant to Article 9 of the UCC, having or
seeking to have a trustee, receiver, liquidator or similar official appointed for or over the Collateral or taking any action to take possession of the Collateral, the noticing of any public or private sale or other Disposition pursuant to Article 9
of the UCC or any diligently pursued in good faith attempt to vacate or obtain relief from a stay or other injunction restricting any other action described in this definition, (b) the exercise of any right or remedy provided to a secured
creditor under the ABL Loan Documents, the Notes Documents or any Other Pari Passu Lien Obligations Agreement (including, in any case, any delivery of any notice to otherwise seek to obtain payment directly from any account debtor of any Grantor or
the taking of any action or the exercise of any right or remedy in respect of the setoff or recoupment against the Collateral or proceeds of Collateral), under applicable law, at equity, in an Insolvency Proceeding or otherwise, including credit
bidding or otherwise the acceptance of Collateral in full or partial satisfaction of a Lien, (c) the sale, assignment, transfer, lease, license, or other Disposition of all or any portion of the Collateral, by private or public sale or any
other means, (d) the solicitation of bids from third parties to conduct the liquidation of all or a material portion of Collateral to the extent undertaken and being diligently pursued in good faith to consummate the Disposition of such
Collateral within a commercially reasonable time, (e) the engagement or retention of sales brokers, marketing agents, investment bankers, accountants, appraisers, auctioneers, or other third parties for the purposes of valuing, marketing, or
Disposing of, all or a material portion of the Collateral to the extent undertaken and being diligently pursued in good faith to consummate the Disposition of such Collateral within a commercially reasonable time, (f) the exercise of any other
enforcement right relating to the Collateral (including the exercise of any voting rights relating to any capital stock composing a portion of the Collateral or seeking relief from the 

  
 8 

 
automatic stay) whether under the ABL Loan Documents, the Notes Documents, any Other Pari Passu Lien Obligations Agreement, under applicable law of any jurisdiction, in equity, in an Insolvency
Proceeding, or otherwise, or (g) the pursuit of Default Dispositions relative to all or a material portion of the Collateral to the extent undertaken and being diligently pursued in good faith to consummate the Disposition of such Collateral
within a commercially reasonable time, but in all cases excluding (i) the establishment of borrowing base reserves, collateral ineligibles or other conditions for advances, (ii) the changing of advance rates or advance sublimits,
(iii) the imposition of a default rate or late fee, (iv) the collection and application of accounts or other monies deposited from time to time in deposit accounts or securities accounts, in each case, to the extent constituting ABL
Priority Collateral, against the ABL Obligations pursuant to the provisions of the ABL Loan Documents (including, without limitation, the notification of account debtors, depositary institutions or any other Person to deliver proceeds of Collateral
to ABL Agent), (v) the cessation of lending pursuant to the provisions of the ABL Loan Documents, including upon the occurrence of a default on the existence of an overadvance, (vi) the filing of a proof of claim in any Insolvency Proceeding,
(vii) the consent by ABL Agent to disposition by any Grantor of any of the ABL Priority Collateral (other than in connection with liquidation of the ABL Priority Collateral at the request of ABL Agent), (viii) the acceleration of the Notes
Obligations or the ABL Obligations and (ix) the commencement of, or the joinder with any creditor in commencing, any Insolvency Proceeding against any Grantor or any assets of any Grantor, so long as, in the case of this clause (ix), ABL Agent
shall have provided to Notes Agent, or Notes Agent shall have provided to ABL Agent, as applicable, and in each case absent Exigent Circumstances, five Business Days’ prior written notice thereof. 

“Exigent Circumstance” shall mean (a) with respect to the Notes Agent, an event or circumstance that materially and
imminently threatens the ability of Notes Agent to realize upon all or a material portion of the Notes Priority Collateral such as, without limitation, fraudulent removal, concealment, destruction, material waste or abscondment thereof, or creates a
material risk, as reasonably determined by Notes Agent, that an Enforcement Action with respect to the Notes Priority Collateral, if not promptly commenced, may be deemed to not be commercially reasonable and (b) with respect to the ABL Agent,
an event or circumstance that materially and imminently threatens the ability of ABL Agent to realize upon all or a material portion of the ABL Priority Collateral such as, without limitation, fraudulent removal, concealment, destruction, material
waste or abscondment thereof, or creates a material risk, as reasonably determined by ABL Agent, that an Enforcement Action with respect to the ABL Priority Collateral, if not promptly commenced, may be deemed to not be commercially reasonable. 

“Fair Market Value” means, with respect to any asset or property, the price that could be negotiated in an arm’s-length, free market transaction, for cash, between a willing seller and a willing and able buyer, neither of whom is under undue pressure or compulsion to complete the transaction. Fair Market Value shall
be determined by the Company acting reasonably and in good faith. 
 “First Amendment Effective Date” means April 25,
2018. 
 “Foreign Subsidiary” means, with respect to any person, any Subsidiary of such Person that is not organized or
existing under the laws of the United States, any State thereof of the District of Columbia, and any Subsidiary of such Subsidiary. 

  
 9 

 “Governmental Authority” means the government of the United States of America or
any other nation, any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government. 
 “Grantors” means the Company and the Guarantors, and
each other person that may from time to time execute and deliver an ABL Collateral Document or a Notes Collateral Document as a “debtor,” “grantor” or “pledgor” (or the equivalent thereof). 

“Guarantor” and “Guarantors” have the respective meanings set forth in the recitals to this Agreement. 

“Hedge Agreement” means “Hedge Agreement,” as that term is defined in the ABL Credit Agreement. 

“Hedge Agreement Obligations” means all obligations, liabilities, contingent reimbursement obligations, fees and expenses of
the Company or any ABL Guarantor under any Hedge Agreement. 
 “Indenture” has the meaning set forth in the recitals to
this Agreement. 
 “Insolvency Proceeding” means: 

(a) any voluntary or involuntary case or proceeding under any Bankruptcy Law with respect to any Grantor; 

(b) any other voluntary or involuntary insolvency or bankruptcy case or proceeding, or any receivership, liquidation or other similar case or
proceeding with respect to any Grantor or with respect to a material portion of its assets; 
 (c) any liquidation, dissolution or winding up
of any Grantor (other than as permitted by the Notes Documents, the Other Pari Passu Lien Obligations Agreement and the ABL Loan Documents) whether voluntary or involuntary and whether or not involving insolvency or bankruptcy; or 

(d) any assignment for the benefit of creditors or any other marshaling of assets for creditors of any Grantor or any other similar arrangement
in respect of such Grantor’s creditors generally. 
 “Intercompany Pledged Debt Instruments” means (i) all right,
title and interest of any Grantor in all Indebtedness (used in this definition as defined in the Indenture (as in effect on the date hereof)) or other obligations owing to such Grantor by any Affiliate thereof (including any other Grantor) or by any
special purpose vehicle formed at the direction of the Company or any of its Subsidiaries, and (ii) all instruments evidencing any such Indebtedness or other obligations owed to such Grantor by any Affiliate thereof (in the case of each of the
foregoing clauses (i) and (ii), excluding any such Indebtedness or other obligations that constitute the proceeds of sales or transfers of inventory or accounts receivable by a Grantor to an Affiliate thereof or to any special

  
 10 

 
purpose vehicle formed at the direction of the Company or any of its Subsidiaries), and any distribution of property made on, in respect of or in exchange for any of the foregoing from time to
time, including all instruments evidencing Indebtedness described on Schedule 3.5 to the Notes Security Agreement, issued by the obligor Affiliates named therein; provided that Intercompany Pledged Debt Instruments does not include any Excluded
Assets. 
 “Investment Related Property” means any and all investment property (as that term is defined in the UCC). 

“Issue Date Real Property Collateral” means the fee-owned real property located at
1080 Industrial Drive, Cherokee, AL 35616; 4463 Hunt Street, Pryor, OK 74361; and 4500 North West Avenue, El Dorado, AR 71730. 

“Letters of Credit” means the “Letters of Credit,” as that term is defined in the ABL Credit Agreement. 

“Lien” means, with respect to any asset, any mortgage, lien (statutory or otherwise), pledge, hypothecation, charge, security
interest, preference, priority or encumbrance of any kind in respect of such asset, whether or not filed, recorded, registered, published or otherwise perfected under applicable law, including any conditional sale or other title retention agreement,
any lease in the nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the UCC of any jurisdiction; provided that in no event shall an
operating lease be deemed to constitute a Lien. 
 “Mortgage” means each mortgage, deed of trust or deed to secure debt
pursuant to which a Grantor grants to (a) ABL Agent, for the benefit of the ABL Claimholders, Liens upon the real estate Collateral owned by such Grantor, as security for the ABL Obligations or (b) Notes Agent, for the benefit of the Notes
Claimholders, Liens upon the real estate Collateral owned by such Grantor, as security for the Notes Obligations. 

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

“Notes Agent” has the meaning set forth in the preamble to this Agreement. 

“Notes Claimholders” means holders of Notes, the Trustee, Notes Agent and any holders of, or trustees, collateral agents or
other representatives with respect to, Other Pari Passu Lien Obligations. 
 “Notes Collateral” means any and all of the
assets and property of any Grantor, whether real, personal or mixed, with respect to which a consensual Lien is granted as security for any Notes Obligations. For the avoidance of doubt, the Notes Collateral shall not include any Excluded Property.

 “Notes Collateral Documents” means the Notes Security Agreement, the security agreements, pledge agreements, Mortgages,
hypothecs, collateral assignments, deeds of trust, deeds to secure debt and related agreements, and any other agreements, documents or instruments, in each case pursuant to which a Lien is granted to secure any Notes Obligations or under which
rights or remedies with respect to such Liens are governed. 

  
 11 

 “Notes Default” means any “Event of Default,” as such term is defined
in the Indenture, or any event of default under any other Notes Document. 
 “Notes Documents” means the Notes Collateral
Documents, the Indenture and the Notes and, after the incurrence of any Other Pari Passu Lien Obligations as provided herein, the Collateral Agency Agreement. 

“Notes Obligations” means all obligations and all amounts owing, due or secured under the Notes Documents, and all Other Pari
Passu Lien Obligations, whether now existing or arising hereafter, including all principal, premium, interest, fees, attorneys fees, costs, charges, expenses, reimbursement obligations, indemnities, guarantees and all other amounts payable under or
secured by any Notes Document or Other Pari Passu Lien Obligations Agreement (including, in each case, all amounts accruing on or after the commencement of any Insolvency Proceeding relating to any Grantor or that would have accrued or become due
under the terms of any Notes Documents or Other Pari Passu Lien Obligations Agreement but for the effect of the Insolvency Proceeding and irrespective of whether a claim for all or any portion of such amounts is allowable or allowed in such
Insolvency Proceeding). 
 “Notes Priority Collateral” means all now owned or hereafter acquired Notes Collateral that
constitutes: 
 (a) all Capital Stock of each Restricted Subsidiary held by the Company or any Guarantor (excluding, in the case of a Foreign
Subsidiary or Pass-Though Foreign Holdco, voting stock in excess of 65% of the outstanding voting stock of such first-tier Foreign Subsidiary or Pass-Through Foreign Holdco, and all of the Capital Stock of any Subsidiary of such Foreign Subsidiary
or Pass-Through Holdco; 
 (b) all Investment Related Property that does not constitute ABL Priority Collateral; 

(c) all equipment; 
 (d) all
Intercompany Pledged Debt Instruments; 
 (e) all Real Estate Assets; 

(f) all instruments, Books and supporting obligations related to the foregoing and proceeds of the foregoing (except to the extent that any of
the foregoing constitute ABL Priority Collateral); and 
 (g) all other goods (including but not limited to fixtures) and assets of each
Grantor not constituting ABL Priority Collateral or Excluded Property, whether tangible or intangible and wherever located. 

Notwithstanding the foregoing, the Notes Priority Collateral shall not include any Excluded Property. 

“Notes Security Agreement” means the Security Agreement dated as of April 25, 2018, by and among the Company, the Notes
Guarantors and Notes Agent. 

  
 12 

 “Obligations” shall mean, as applicable, (a) all ABL Obligations and
(b) all Notes Obligations. 
 “Other Pari Passu Lien Obligations” means indebtedness or other obligations of the
Grantors issued following the date of this Agreement to the extent (a) such indebtedness is not prohibited by the terms of the ABL Credit Agreement, the Indenture and each then existing Other Pari Passu Lien Obligations Agreement from being
secured by Liens on the Notes Collateral ranking pari passu with the Liens securing the Notes, (b) the Grantors have granted Liens, consistent with clause (a), on the Notes Collateral to secure the obligations in respect of such
indebtedness, (c) such indebtedness or other obligations constitute “Other Pari Passu Lien Obligations” as defined in the Indenture and (d) the Other Pari Passu Lien Obligations Agent, for the holders of such indebtedness has
entered into a joinder agreement on behalf of the holders under such agreement acknowledging that such holders shall be bound by the terms hereof applicable to Notes Claimholders. 

“Other Pari Passu Lien Obligations Agent” means the person appointed to act as trustee, agent or representative for the
holders of Other Pari Passu Lien Obligations pursuant to any Other Pari Passu Lien Obligations Agreement. 
 “Other Pari Passu Lien
Obligations Agreement” means the indenture, credit agreement or other agreement under which any Other Pari Passu Lien Obligations are incurred. 

“Pass-Through Foreign Holdco” means any Domestic Subsidiary the sole assets of which are Capital Stock of a Foreign
Subsidiary and, if applicable, debt of such Foreign Subsidiary. 
 “person” means any natural person, corporation, trust,
business trust, joint venture, joint stock company, association, company, limited liability company, partnership, Governmental Authority or other entity. 

“Pledged Collateral” has the meaning set forth in Section 5.4(a). 

“Priority Collateral” means, with respect to the ABL Claimholders, all ABL Priority Collateral, and with respect to the Notes
Claimholders, all Notes Priority Collateral. 
 “Real Estate Asset” means, at any time of determination, any fee interest
of any Grantor in owned real property; other than any Excluded Property. 
 “Recovery” has the meaning set forth in
Section 6.8. 
 “Refinance” means, in respect of any indebtedness, to refinance, modify, extend,
renew, defease, supplement, restructure, replace, refund or repay, or to issue other indebtedness in exchange or replacement for such indebtedness, in whole or in part, whether with the same or different lenders, arrangers or agents. 

“Refinanced” and “Refinancing” shall have correlative meanings. 

“Restricted Subsidiary” means any Subsidiary of the Company which at the time of determination is not an Unrestricted
Subsidiary. 

  
 13 

 “Subsidiary” of a person means a corporation, partnership, limited liability
company or other entity in which that person directly or indirectly owns or controls the shares of capital stock having ordinary voting power to elect a majority of the board of directors (or appoint other comparable managers) of such corporation,
partnership, limited liability company, or other entity. 
 “UCC” means the Uniform Commercial Code (or any similar or
equivalent legislation) as in effect in any applicable jurisdiction. 
 “Unrestricted Subsidiary” means any Subsidiary of
the Company designated as an Unrestricted Subsidiary pursuant to the Indenture subsequent to the date hereof. 
 “Use
Period” means the period commencing on the date that ABL Agent (or any ABL Claimholder acting with the consent of ABL Agent) commences the Exercise of Secured Creditor Remedies in connection with any ABL Priority Collateral in a manner as
provided in Section 3.8 (having theretofore furnished Notes Agent with an Enforcement Notice) and ending on the earlier to occur of (i) 180 days thereafter and (ii) the Discharge of ABL Obligations. If any stay or
other order that prohibits any of ABL Agent or the other ABL Claimholders from commencing and continuing to Exercise any Secured Creditor Remedies or to liquidate and sell the ABL Priority Collateral has occurred by operation of law or has been
entered by a court of competent jurisdiction, such 180-day period shall be tolled during the pendency of any such stay or other order and the Use Period shall be so extended and upon lifting of the automatic
stay, if there are fewer than 90 days remaining in such 180 day period, then such 180 day period shall be extended so that ABL Agent and the other ABL Claimholders have 90 days upon lifting of the automatic stay. 

1.3 Construction. The definitions of terms in this Agreement shall apply equally to the singular and plural forms of the terms defined.
Whenever the context may require, any pronoun shall include the corresponding masculine, feminine, and neuter forms. The words “include,” “includes,” and “including” shall be deemed to be followed by the phrase
“without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” The term “or” shall be construed to have, except where otherwise indicated, the inclusive
meaning represented by the phrase “and/or.” Any term used in this Agreement and not defined in this Agreement shall have the meaning set forth in the ABL Credit Agreement. Unless the context requires otherwise: 

(a) except as otherwise provided herein, any definition of or reference to any agreement, instrument, or other document herein shall be
construed as referring to such agreement, instrument, or other document as from time to time amended, restated, supplemented, modified, renewed, extended, Refinanced, refunded, or replaced; 

(b) any reference to any agreement, instrument, or other document herein “as in effect on the date hereof” shall be construed as
referring to such agreement, instrument, or other document without giving effect to any amendment, restatement, supplement, modification, or Refinance after the date hereof; 

(c) any definition of or reference to the ABL Obligations or the Notes Obligations herein shall be construed as referring to the ABL
Obligations or the Notes Obligations (as applicable) as from time to time amended, restated, supplemented, modified, renewed, extended, Refinanced, refunded, or replaced; 

  
 14 

 (d) any reference herein to any person shall be construed to include such person’s
successors and assigns; 
 (e) the words “herein,” “hereof,” and “hereunder,” and words of similar import,
shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof; 
 (f) all references herein to
Sections shall be construed to refer to Sections of this Agreement; and 
 (g) the words “asset” and “property” shall be
construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts, and contract rights. 

SECTION 2. Lien Priorities. 

2.1 Relative Priorities. (a) Notwithstanding the date, time, method, manner, or order of grant, attachment, or perfection of any Liens
securing (or purportedly securing) the ABL Obligations granted with respect to the Collateral or of any Liens securing (or purportedly securing) the Notes Obligations granted with respect to the Collateral (including, in each case, irrespective of
whether any such Lien is granted (or secures Obligations relating to the period) before or after the commencement of any Insolvency Proceeding) and notwithstanding any contrary provision of the UCC or any other applicable law or the ABL Loan
Documents, the Notes Documents or the Other Pari Passu Lien Obligations Agreement, as applicable, or any defect or deficiencies in, or failure to attach or perfect, the Liens securing (or purportedly securing) any of the Obligations, or any other
circumstance whatsoever, ABL Agent and Notes Agent hereby agree that: 
 (1) any Lien with respect to the ABL Priority Collateral securing
any ABL Obligations now or hereafter held by or on behalf of, or created for the benefit of, ABL Agent or any other ABL Claimholders or any agent or trustee therefor, regardless of how or when acquired, whether by grant, possession, statute,
operation of law, subrogation or otherwise, shall be senior in all respects and prior to any Lien with respect to the ABL Priority Collateral securing any Notes Obligations; and 

(2) any Lien with respect to the ABL Priority Collateral securing any Notes Obligations now or hereafter held by or on behalf of, or created
for the benefit of, Notes Agent, any other Notes Claimholders or any agent or trustee therefor, regardless of how or when acquired, whether by grant, possession, statute, operation of law, subrogation or otherwise, shall be junior and subordinate in
all respects to all Liens with respect to the ABL Priority Collateral securing any ABL Obligations.     
 (b) ABL Agent
and Notes Agent hereby further agree that the Notes Priority Collateral does not secure any ABL Obligation under the ABL Credit Agreement and neither the ABL Agent nor any ABL Claimholder under the ABL Credit Agreement shall accept a Lien on any
Notes Priority Collateral without the consent of Notes Agent or as otherwise permitted in any Insolvency Proceeding in accordance with Section 6.5 hereof. Notwithstanding the foregoing, ABL Agent and Notes Agent hereby
agree that: 

  
 15 

 (1) any Lien with respect to the Notes Priority Collateral securing any Notes Obligations now or
hereafter held by or on behalf of, or created for the benefit of, Notes Agent or any other Notes Claimholders or any agent or trustee therefor, regardless of how or when acquired, whether by grant, possession, statute, operation of law, subrogation
or otherwise, shall be senior in all respects and prior to any Lien with respect to the Notes Priority Collateral securing any ABL Obligations; and 

(2) any Lien with respect to the Notes Priority Collateral securing any ABL Obligations now or hereafter held by or on behalf of, or created
for the benefit of, ABL Agent, any other ABL Claimholders or any agent or trustee therefor, regardless of how or when acquired, whether by grant, possession, statute, operation of law, subrogation or otherwise, shall be junior and subordinate in all
respects to all Liens with respect to the Notes Priority Collateral securing any Notes Obligations. 
 The subordination of Liens provided for in this
Agreement shall continue to be effective with respect to any part of the Collateral from and after the date hereof whether such Liens are declared, or ruled to be, invalid, unenforceable, void or not allowed by a court of competent jurisdiction, as
a result of any action taken by Notes Agent or ABL Agent, as applicable, or any failure by such person to take any action, with respect to any financing statement (including any amendment to or continuation thereof), Mortgage or other perfection
document. 
 2.2 Prohibition on Contesting Liens. Each of Notes Agent, for itself and on behalf of each other Notes Claimholder, and
ABL Agent, for itself and on behalf of each other ABL Claimholder, agrees that it will not (and hereby irrevocably, absolutely and unconditionally waives any right to), directly or indirectly, contest (directly or indirectly), or support any other
person in contesting (directly or indirectly), in any proceeding (including any Insolvency Proceeding) (a) the priority, validity, attachment, perfection or enforceability of a Lien in the Collateral held by or on behalf of ABL Agent or any
other ABL Claimholder or by or on behalf of Notes Agent or any other Notes Claimholder, (b) the priority, validity, perfection or enforceability of any Obligations, including the allowability or priority of any Obligations in any Insolvency
Proceeding, or (c) the validity or enforceability of, or the priorities, rights or duties established by, or other provisions of this Agreement; provided, however that nothing in this Agreement shall be construed to prevent or
impair the rights of ABL Agent, any other ABL Claimholder, Notes Agent, or any other Notes Claimholder to enforce the terms of this Agreement, including the provisions of this Agreement relating to the priority of the Liens securing the ABL
Obligations and the Notes Obligations, as applicable, as provided in Sections 2.1, 3 and 6.2. 
 2.3 New Liens.
During the term of this Agreement, whether or not any Insolvency Proceeding has been commenced by or against any Grantor, the parties hereto agree, subject to Section 6, that no Grantor shall: 

  
 16 

 (a) grant or suffer to exist any Liens on any asset that would constitute ABL Priority Collateral
to secure any Notes Obligation unless such Grantor also offers to grant, and, at the option of ABL Agent, grants a Lien on such asset to secure the ABL Obligations concurrently with the grant of a Lien thereon in favor of Notes Agent in accordance
with the priorities set forth in this Agreement; or 
 (b) grant or suffer to exist any Liens on (x) any asset to secure any ABL
Obligation unless such Grantor also offers to grant, and, at the option of Notes Agent, grants a Lien on such asset to secure the Notes Obligations concurrently with the grant of a Lien thereon in favor of ABL Agent in accordance with the priorities
set forth in this Agreement or (y) any Note Priority Collateral to secure any ABL Obligation under the ABL Credit Agreement, except with the consent of Notes Agent or as authorized in an Insolvency Proceeding in accordance with
Section 6.5 hereof. 
 To the extent that the foregoing provisions are not complied with for any reason, without limiting any
other rights and remedies available to ABL Agent or any other ABL Claimholder, Notes Agent, on behalf of the Notes Claimholders, agrees that any amounts received by or distributed to any of them pursuant to or as a result of Liens granted in
contravention of this Section 2.3 shall be subject to Section 4.2, and without limiting any other rights and remedies available to Notes Agent or any other Notes Claimholder, ABL Agent, on behalf
of the ABL Claimholders, agrees that any amounts received by or distributed to any of them pursuant to or as a result of Liens granted in contravention of this Section 2.3 shall be subject to
Section 4.2. 
 2.4 Cooperation in Designating Collateral. In furtherance of
Section 9.8, the parties hereto agree to and the Grantors shall, in each case subject to the other provisions of this Agreement, upon request by ABL Agent or Notes Agent, cooperate in good faith (and direct their counsel to
cooperate in good faith) from time to time in order to determine the specific items included in the ABL Priority Collateral and the Notes Priority Collateral and the steps taken or to be taken to perfect their respective Liens thereon and the
identity of the respective parties obligated under the ABL Loan Documents, the Notes Documents and the Other Pari Passu Lien Obligations Agreement. 

SECTION 3. Exercise of Remedies. 

3.1 Exercise of Remedies by Notes Agent. Until the Discharge of ABL Obligations has occurred, whether or not any Insolvency Proceeding
has been commenced by or against any Grantor, Notes Agent and Notes Claimholders: 
 (a) will not exercise or seek to exercise (and instead
shall be deemed to have hereby irrevocably, absolutely and unconditionally waived), any rights, powers, or remedies with respect to any ABL Priority Collateral (including any Exercise of Secured Creditor Remedies with respect to any ABL Priority
Collateral); 
 (b) subject to Section 3.4 and Section 3.7, will not, directly or
indirectly (and instead shall be deemed to have hereby irrevocably, absolutely and unconditionally waived any and all rights to), contest, protest, object to (and seek or be awarded any relief of any nature whatsoever based on any such objection),
interfere with, hinder or delay any (i) action to enforce 

  
 17 

 
or collect (or attempt to collect) the ABL Obligations, or (ii) Exercise of Secured Creditor Remedies by ABL Agent or any other ABL Claimholder with respect to any ABL Priority Collateral
(regardless of whether any action or failure to act by or on behalf of ABL Agent or the other ABL Claimholders is adverse to the interest of Notes Agent or the other Notes Claimholders), and have no right to direct ABL Agent to Exercise any Secured
Creditor Remedies or take any other action under the ABL Loan Documents; 
 (c) will not object to (and waive any and all claims with respect
to) any waiver or forbearance by ABL Agent or the other ABL Claimholders from Exercising any Secured Creditor Remedies with respect to any ABL Priority Collateral; 

(d) will not take or cause to be taken any action the purpose or effect of which is, or could be, to make any Lien that the Notes Claimholders
have on ABL Priority Collateral equal with, or to give the Notes Claimholders any preference or priority relative to, any Lien that the ABL Claimholders have with respect to such ABL Priority Collateral; 

(e) will have no right to (i) direct ABL Agent or any other ABL Claimholder to exercise any right, remedy or power or (ii) consent to
the exercise by ABL Agent or any other ABL Claimholder of any right, remedy or power with respect to any ABL Priority Collateral; 
 (f)
acknowledge and agree that no covenant, agreement or restriction contained in the Note Documents shall be deemed to restrict in any way the rights and remedies of ABL Agent or the other ABL Claimholders with respect to the ABL Priority Collateral as
set forth in this Agreement and the ABL Loan Documents; and 
 (g) will not attempt, directly or indirectly, whether by judicial proceedings
or otherwise, to challenge the enforceability of any provision of this Agreement. 
 3.2 Exercise of Remedies by ABL Agent. Until the
Discharge of Notes Obligations has occurred, whether or not any Insolvency Proceeding has been commenced by or against any Grantor, ABL Agent and ABL Claimholders: 

(a) will not exercise or seek to exercise (and instead shall be deemed to have hereby irrevocably, absolutely and unconditionally waived), any
rights, powers, or remedies with respect to any Notes Priority Collateral (including any Exercise of Secured Creditor Remedies with respect to any Notes Priority Collateral); 

(b) subject to Section 3.4 and Section 3.7, will not, directly or indirectly (and instead
shall be deemed to have hereby irrevocably, absolutely and unconditionally waived any and all rights to), contest, protest, object to (and seek or be awarded any relief of any nature whatsoever based on any such objection), interfere with, hinder or
delay any (i) action to enforce or collect (or attempt to collect) the Notes Obligations, or (ii) Exercise of Secured Creditor Remedies by Notes Agent or any other Notes Claimholder with respect to any Notes Priority Collateral (regardless
of whether any action or failure to act by or on behalf of Notes Agent or the other Notes Claimholders is adverse to the interest of ABL Agent or the other ABL Claimholders), and have no right to direct Notes Agent to Exercise any Secured Creditor
Remedies or take any other action under the Notes Documents or the Other Pari Passu Lien Obligations Agreement; 

  
 18 

 (c) will not object to (and waive any and all claims with respect to) any waiver or forbearance
by Notes Agent or the other Notes Claimholders from Exercising any Secured Creditor Remedies with respect to any Notes Priority Collateral; 

(d) will not take or cause to be taken any action the purpose or effect of which is, or could be, to make any Lien that the ABL Claimholders
have on Notes Priority Collateral equal with, or to give the ABL Claimholders any preference or priority relative to, any Lien that the Notes Claimholders have with respect to such Notes Priority Collateral; 

(e) will have no right to (i) direct Notes Agent or any other Notes Claimholder to exercise any right, remedy or power or
(ii) consent to the exercise by Notes Agent or any other Notes Claimholder of any right, remedy or power with respect to any Notes Priority Collateral; 

(f) acknowledge and agree that no covenant, agreement or restriction contained in the ABL Loan Documents shall be deemed to restrict in any way
the rights and remedies of Notes Agent or the other Notes Claimholders with respect to the Notes Priority Collateral as set forth in this Agreement, the Notes Documents and the Other Pari Passu Lien Obligations Agreement; 

(g) will not attempt, directly or indirectly, whether by judicial proceedings or otherwise, to challenge the enforceability of any provision of
this Agreement; and 
 (h) will not take any action to secure the ABL Obligations under the ABL Credit Agreement with a Lien on the Notes
Priority Collateral (it being acknowledged and agreed that notwithstanding anything in this Section 3.2 or otherwise in this Agreement to the contrary, the ABL Obligations under the ABL Credit Agreement are not and shall
not be secured by Notes Priority Collateral), except with the consent of Notes Agent or as authorized in an Insolvency Proceeding in accordance with Section 6.5 hereof. 

3.3 Exclusive Enforcement Rights. (a) Until the Discharge of ABL Obligations has occurred, whether or not any Insolvency Proceeding has
been commenced by or against any Grantor, ABL Agent shall have the exclusive right to Exercise any Secured Creditor Remedies with respect to any ABL Priority Collateral (and in connection therewith, make determinations regarding the release or
Disposition thereof or any restrictions with respect thereto), in each case without any consultation with or the consent of Notes Agent or any other Notes Claimholder, and (b) until the Discharge of Notes Obligations has occurred, whether or
not any Insolvency Proceeding has been commenced by or against any Grantor, Notes Agent shall have the exclusive right to Exercise any Secured Creditor Remedies with respect to any Notes Priority Collateral (and in connection therewith, subject to
Section 3.8, make determinations regarding the release or Disposition thereof or any restrictions with respect thereto), in each case without any consultation with or the consent of ABL Agent or any other ABL Claimholder.
In connection with (x) any Exercise of Secured Creditor Remedies with respect to the ABL Priority Collateral, ABL Agent may enforce the provisions of the ABL Loan Documents and exercise remedies thereunder, all in such order and in such manner
as it may determine in the exercise of its sole discretion, or (y) any Exercise of Secured Creditor Remedies with respect to the Notes Priority Collateral, Notes Agent may enforce the provisions of the Notes Documents and the 

  
 19 

 
Other Pari Passu Lien Obligations Agreement and exercise remedies thereunder, all in such order and in such manner as it may determine in the exercise of its sole discretion. Such exercise and
enforcement shall include the rights of an agent appointed by ABL Agent or Notes Agent, as applicable, to Dispose of Collateral, to incur expenses in connection with such Disposition, and to exercise all the rights and remedies of a secured creditor
under the UCC, the Bankruptcy Laws or other applicable law. 
 3.4 Permitted Actions. Anything to the contrary in this
Section 3 notwithstanding, each of Notes Agent and ABL Agent may: 
 (a) if an Insolvency Proceeding has been
commenced by or against any Grantor, file a proof of claim or statement of interest with respect to its Collateral or otherwise with respect to the Notes Obligations or the ABL Obligations, as the case may be, or otherwise file any pleadings,
objections, motions or agreements which assert rights or interests available to unsecured creditors of such Grantor arising under any Insolvency Proceeding or applicable non-bankruptcy law, in each case not
inconsistent with the terms of this Agreement or applicable law (including the Bankruptcy Laws); 
 (b) take any action (not adverse to the
priority status of the Liens on the Collateral of the other, or the rights of the other Agent or any Claimholders to Exercise any Secured Creditor Remedies) in order to create or perfect its Lien in and to the Collateral; 

(c) file any necessary responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding, or other pleading made by
any person objecting to or otherwise seeking the disallowance or subordination of its claims or the claims of its Claimholders, or the avoidance of its Liens; 

(d) object to any proposed acceptance of, in the case of Notes Agent, ABL Priority Collateral by an ABL Claimholder pursuant to Section 9-620 of the UCC; 
 (e) make any arguments and motions that are, in each case, in accordance
with the terms of this Agreement; 
 (f) vote on any plan of reorganization in accordance with the terms of this Agreement; 

(g) the Notes Agent may join (but not exercise any control with respect to) any judicial foreclosure proceeding or other judicial lien
enforcement proceeding with respect to the ABL Priority Collateral initiated by the ABL Agent to the extent that any such action could not reasonably be expected, in any material respect, to restrain, hinder, limit, delay for any material period or
otherwise interfere with the Exercise of Secured Creditor Remedies by such ABL Agent (it being understood that, (i) with respect to ABL Priority Collateral, neither Notes Agent nor any other Notes Claimholder shall be entitled to receive any
proceeds thereof unless otherwise expressly permitted herein and (ii) with respect to Notes Priority Collateral, neither ABL Agent nor any other ABL Claimholder shall be entitled to receive any proceeds thereof unless otherwise expressly
permitted herein); and 

  
 20 

 (h) take any action described in clauses (i) through (viii) of the definition of Exercise of
Secured Creditor Remedies. 
 3.5 Retention of Proceeds. 

(a) Notes Claimholders shall not be permitted to retain any proceeds of ABL Priority Collateral in connection with any Exercise of Secured
Creditor Remedies in any circumstance unless and until the Discharge of ABL Obligations has occurred, and any such proceeds received or retained in any other circumstance will be subject to Section 4.2. 

(b) ABL Claimholders shall not be permitted to retain any proceeds of Notes Priority Collateral in connection with any Exercise of Secured
Creditor Remedies in any circumstance unless and until the Discharge of Notes Obligations has occurred, and any such proceeds received or retained in any other circumstance will be subject to Section 4.2. 

(c) Notwithstanding anything contained in this Agreement to the contrary, in the event of any Disposition or series of related Dispositions
that includes ABL Priority Collateral and Notes Priority Collateral where the aggregate sales price is not allocated between the ABL Priority Collateral and Notes Priority Collateral being sold (excluding in connection with or as a result of the
sale of the capital stock of a Grantor), then solely for purposes of this Agreement, the allocation of proceeds of such Disposition to the ABL Priority Collateral shall be based upon, in the case of (i) any ABL Priority Collateral consisting of
inventory, the book value thereof as assessed on the date of such Disposition, (ii) any ABL Priority Collateral consisting of accounts receivable, the book value thereof as assessed on the date of such Disposition and (iii) all other ABL
Priority Collateral and Notes Priority Collateral, the Fair Market Value of such ABL Priority Collateral and Notes Priority Collateral sold or, if the aggregate amount of such other ABL Priority Collateral and Notes Priority Collateral sold is
greater than $35,000,000, the Fair Market Value of such Collateral as determined by an independent appraiser. 
 3.6 Non-Interference. Subject to Sections 3.1, 3.2, 3.3, 3.4 and 6.5(b), each of Notes Agent, for itself and on behalf of the other Notes Claimholders, and ABL Agent, for itself
and on behalf of the other ABL Claimholders, hereby: 
 (a) subject to Section 3.7, agrees that it will not,
directly or indirectly, take any action that would restrain, hinder, limit, delay, or otherwise interfere with any Exercise of Secured Creditor Remedies by the other Agent with respect to such other Agent’s Priority Collateral or that is
otherwise prohibited hereunder, including any Disposition of the other Agent’s Priority Collateral, whether by foreclosure or otherwise; 

(b) subject to Section 3.7, waives any and all rights it or its Claimholders may have as a junior lien creditor or
otherwise to object to the manner in which such other Agent seeks to enforce or collect such other party’s respective Obligations or the Liens securing such Obligations granted in any of such other Agent’s Priority Collateral, regardless
of whether any action or failure to act by or on behalf of such other Agent is adverse to the interest of it or its Claimholders. 

  
 21 

 3.7 Commercially Reasonable Dispositions; Notice of Exercise. 

(a) Notes Agent, for itself and on behalf of the other Notes Claimholders, hereby irrevocably, absolutely, and unconditionally waives any right
to object (and seek or be awarded any relief of any nature whatsoever based on any such objection), at any time prior to or subsequent to any disposition of any of the ABL Priority Collateral, on the ground(s) that any such disposition of ABL
Priority Collateral (x) would not be or was not “commercially reasonable” within the meaning of any applicable UCC and/or (y) would not or did not comply with any other requirement under any applicable UCC or under any other
applicable law governing the manner in which a secured creditor (including one with a Lien on real property) is to realize on its collateral. ABL Agent, for itself and on behalf of the other ABL Claimholders, hereby irrevocably, absolutely and
unconditionally waives any right to object (and seek or be awarded any relief of any nature whatsoever based on any such objection), at any time prior to or subsequent to any disposition of any Notes Priority Collateral, on the ground(s) that any
such disposition of Notes Priority Collateral (i) would not be or was not “commercially reasonable” within the meaning of any applicable UCC and/or (ii) would not or did not comply with any other requirement under any applicable
UCC or under any other applicable law governing the manner in which a secured creditor (including one with a Lien on real property) is to realize on its collateral. 

(b) Except as expressly set forth in this Agreement, each Notes Claimholder and each ABL Claimholder shall have any and all rights and remedies
it may have as a creditor under any applicable law, including the right to the Exercise of Secured Creditor Remedies; provided, however, that the Exercise of Secured Creditor Remedies with respect to the Collateral (and any judgment
Lien obtained in connection therewith) shall be subject to the Lien priorities set forth herein and to the provisions of this Agreement. ABL Agent may enforce the provisions of the ABL Loan Documents, Notes Agent may enforce the provisions of the
Notes Documents and Other Pari Passu Lien Obligations Agreement and each may Exercise any Secured Creditor Remedies, all in such order and in such manner as each may determine in the exercise of its sole discretion, consistent with the terms of this
Agreement and mandatory provisions of applicable law; provided, however, that the ABL Agent agrees to provide to the Notes Agent (x) an Enforcement Notice prior to its Exercise of Secured Creditor Remedies and (y) copies of
any notices that it is required under applicable law to deliver to any Grantor (for avoidance of doubt, the Notes Agent shall not be required to deliver any such Enforcement Notice to the ABL Agent); provided further, however,
that ABL Agent’s failure to provide copies of any such notices to Notes Agent shall not impair any of ABL Agent’s rights hereunder or under any of the ABL Documents. Each of Notes Agent, each other Notes Claimholder, ABL Agent and each ABL
Claimholder agrees that it will not institute any suit or other proceeding or assert in any suit, Insolvency Proceeding or other proceeding any claim, in the case of Notes Agent and each other Notes Claimholder, against either ABL Agent or any other
ABL Claimholder, and in the case of ABL Agent and each other ABL Claimholder, against either Notes Agent or any other Notes Claimholder, seeking damages from or other relief by way of specific performance, instructions or otherwise, with respect to,
any action taken or omitted to be taken by such person with respect to the Collateral which is consistent with the terms of this Agreement, and none of such parties shall be liable for any such action taken or omitted to be taken. 

  
 22 

 3.8 Inspection and Access Rights. 

(a) If Notes Agent, or any agent or representative of Notes Agent, or any receiver, shall, after any Notes Default, obtain possession or
physical control of any Notes Priority Collateral or Notes Agent shall sell or otherwise dispose of any Notes Priority Collateral, Notes Agent shall promptly notify ABL Agent in writing of that fact, and ABL Agent shall thereafter notify the Notes
Agent in writing as to whether ABL Agent desires to exercise access rights under this Section 3.8. Upon delivery of such notice by ABL Agent to Notes Agent, the parties shall confer in good faith to coordinate with respect
to ABL Agent’s exercise of such access rights. Consistent with the definition of “Use Period,” access rights may apply to differing parcels of real properties subject to a Mortgage and to different assets that constitute a portion of
the Notes Priority Collateral, in each case at differing times, in which case, a differing Use Period will apply to each such property and to each such portion of the Notes Priority Collateral. 

(b) Without limiting any rights ABL Agent or any other ABL Claimholder may otherwise have under applicable law or by agreement and whether or
not Notes Agent or any other Notes Claimholder has commenced and is continuing to Exercise any Secured Creditor Remedies of Notes Agent, ABL Agent or any other person (including any ABL Claimholder) acting with the consent, or on behalf, of ABL
Agent shall have an irrevocable, non-exclusive right to have access to, and a royalty-free and rent-free license and right to use, the Notes Priority Collateral (including, without limitation, equipment,
fixtures and real property and equipment, processors, computers and other machinery related to the storage or processing of records, documents or files) during the Use Period (a) during normal business hours on any Business Day, to access the
ABL Priority Collateral that (i) is stored or located in or on, (ii) has become an accession with respect to (within the meaning of Section 9-335 of the UCC), or (iii) has been commingled
with (within the meaning of Section 9-336 of the UCC), Notes Priority Collateral, and (b) in order to assemble, inspect, copy or download information stored on, take actions to perfect its Lien on,
process raw materials or work-in-process into finished inventory, take possession of, move, package, prepare and advertise for sale or disposition, sell (by public
auction, private sale, “going out of business” sale or similar sale, whether in bulk, in lots or to customers in the ordinary course of business or otherwise and which sale may include augmented inventory of the same type sold in
Grantors’ business), store, collect, take reasonable actions to protect, secure and otherwise enforce the rights of ABL Agent in and to the ABL Priority Collateral, or otherwise deal with the ABL Priority Collateral, in each case without the
involvement of or interference by any Notes Claimholder or liability to any Notes Claimholder. This Agreement will not restrict the rights of Notes Agent to sell, assign or otherwise transfer the related Notes Priority Collateral prior to the
expiration of the Use Period if (but only if) the purchaser, assignee or transferee thereof agrees to be bound by the provisions of this Section 3.8. 

(c) During the period of actual occupation, use and/or control by the ABL Claimholders and/or ABL Agent (or their respective employees, agents,
advisers and representatives) of any Notes Priority Collateral or other assets or property, the ABL Claimholders and ABL Agent shall be obligated to repair at their expense any physical damage (ordinary wear and tear excepted) to such Notes Priority
Collateral caused by such occupancy, use or control by ABL Agent or its agents, representatives or designees, and to leave such Notes Priority Collateral or other assets or property in substantially the same condition as it was at the commencement
of such occupancy, use or control, ordinary wear and tear excepted; provided, however, that ABL Agent and the ABL Claimholders will not be liable for any diminution in the value of the Notes Priority Collateral caused by the absence of
the ABL Priority Collateral 

  
 23 

 
therefrom. Notwithstanding the foregoing, in no event shall the ABL Claimholders or ABL Agent have any liability to the Notes Claimholders and/or to Notes Agent pursuant to this
Section 3.8 as a result of any condition (including any environmental condition, claim or liability) on or with respect to the Notes Priority Collateral existing prior to the date of the exercise by the ABL Claimholders (or
ABL Agent, as the case may be) of their rights under this Section 3.8 and the ABL Claimholders shall have no duty or liability to maintain the Notes Priority Collateral in a condition or manner better than that in which it
was maintained prior to the use thereof by the ABL Claimholders, or for any diminution in the value of the Notes Priority Collateral that results solely from ordinary wear and tear resulting from the use of the Notes Priority Collateral by the ABL
Claimholders in the manner and for the time periods specified under this Section 3.8. Without limiting the rights granted in this Section 3.8, the ABL Claimholders and ABL Agent shall cooperate
with the Notes Claimholders and/or Notes Agent in connection with any efforts made by the Notes Claimholders and/or the Notes Agent to sell the Notes Priority Collateral. 

(d) Consistent with the definition of the term “Use Period,” if any order or injunction is issued or stay is granted or is otherwise
effective by operation of law that prohibits ABL Agent from exercising any of its rights hereunder, then the Use Period granted to ABL Agent under this Section 3.8 shall be stayed during the period of such prohibition and
shall continue thereafter for the number of days remaining as required under this Section 3.8. Notes Agent agrees, for the benefit of ABL Agent, that it shall not sell or dispose of any of the Notes Priority Collateral
during the Use Period unless the buyer agrees in writing to acquire the Notes Priority Collateral subject to the terms of this Section 3.8 and agrees therein to comply with the terms of this
Section 3.8. The rights of ABL Agent and the other ABL Claimholders under this Section 3.8 during the Use Period shall continue notwithstanding such foreclosure, sale or other disposition by Notes
Agent. 
 (e) ABL Agent and the other ABL Claimholders shall not be obligated to pay any amounts to Notes Agent or the other Notes
Claimholders (or any person claiming by, through or under the Notes Claimholders, including any purchaser of the Notes Priority Collateral) or to any Grantor, for or in respect of the use by ABL Agent and the other ABL Claimholders of the Notes
Priority Collateral; provided that ABL Agent and the other ABL Claimholders shall be obligated to pay any third-party expenses related thereto, including costs with respect to heat, light, electricity and water with respect to that portion of
any premises so used or occupied, or that arise as a result of such use. In the event, and only in the event, that in connection with its use of some or all of the premises constituting Notes Priority Collateral, ABL Agent requires the services of
any employees of the Grantors, ABL Agent shall pay directly to any such employees the appropriate, allocated wages of such employees, if any, during the time periods that ABL Agent requires their services. In each case, all amounts paid by ABL Agent
hereunder shall be added to the outstanding principal balance of the ABL Obligations. 
 (f) The ABL Claimholders shall use the Notes
Priority Collateral in accordance with applicable law. 
 (g) Subject to Section 3.7, Notes Agent and the other
Notes Claimholders (i) will cooperate with ABL Agent (at ABL Agent’s expense, which expenses shall constitute and be deemed part of the ABL Obligations) in its efforts pursuant to Section 3.8(b) to enforce its

  
 24 

 
security interest in the ABL Priority Collateral and to finish any work-in-process and assemble the ABL Priority
Collateral, (ii) will not hinder or restrict in any respect ABL Agent from enforcing its security interest in the ABL Priority Collateral or from finishing any
work-in-process or assembling the ABL Priority Collateral pursuant to Section 3.8(b), and (iii) will, subject to the rights of any
landlords under real estate leases, permit the ABL Collateral Agent, its employees, agents, advisers and representatives to exercise the rights described in Section 3.8(b). 

(h) Subject to the terms hereof, Notes Agent may advertise and conduct public auctions or private sales of the Notes Priority Collateral,
without the involvement of or interference by any ABL Claimholder or liability to any ABL Claimholder, as long as, in the case of an actual sale, the respective purchaser assumes and agrees in advance in writing to the obligations of Notes Agent and
the other Notes Claimholders under this Section 3.8. If ABL Agent conducts a public auction or private sale of the ABL Priority Collateral at any of the real property included within the Notes Priority Collateral, ABL Agent
shall provide the Notes Agent with reasonable notice and use reasonable efforts to hold such auction or sale in a manner which would not unduly disrupt the Notes Agent’s use of such real property. 

(i) For the avoidance of doubt, and without limiting the generality of the other provisions of this Agreement, it is hereby acknowledged and
agreed that ABL Agent and the other ABL Claimholders shall have the right to bring an action to enforce their rights under this Section 3.8 and Section 3.9 including an action seeking possession of
the applicable Collateral and/or specific performance of this Section 3.8 and Section 3.9. 

3.9 Sharing of Information and Access. In the event that ABL Agent shall, in the exercise of its rights under the ABL Collateral
Documents or otherwise, receive possession or control of any books and records of any Grantor which contain information identifying or pertaining to the Notes Priority Collateral, ABL Agent shall, upon request from Notes Agent and as promptly as
practicable thereafter, either make available to Notes Agent such books and records for inspection and duplication or provide to Notes Agent copies thereof. In the event that Notes Agent shall, in the exercise of its rights under the Notes
Collateral Documents or otherwise, receive possession or control of any books and records of any Grantor which contain information identifying or pertaining to any of the ABL Priority Collateral, Notes Agent shall, upon written request from ABL
Agent and as promptly as practicable thereafter, either make available to ABL Agent such books and records for inspection and duplication or provide ABL Agent copies thereof. 

3.10 Tracing of and Priorities in Proceeds. ABL Agent, for itself and on behalf of the other ABL Claimholders, and Notes Agent, for
itself and on behalf of the other Notes Claimholders, further agree that prior to an issuance of any Enforcement Notice by such Claimholder or, with respect to Notes Collateral, prior to any time when the Notes Agent conducts an Exercise of Secured
Creditor Remedies (unless, in either case, a bankruptcy or insolvency ABL Default or Notes Default then exists), any proceeds of Collateral obtained in accordance with the terms of the ABL Loan Documents, the Notes Documents and the Other Pari Passu
Lien Obligations Agreement, whether or not deposited under control agreements, which are used by any Grantor to acquire other property which is Collateral shall not (solely as between the Claimholders) be treated as proceeds of Collateral for
purposes of determining the 

  
 25 

 
relative priorities in the Collateral which was so acquired. In addition, unless and until the Discharge of ABL Obligations occurs, Notes Agent, for itself and on behalf of the other Notes
Claimholders, hereby consents to the application, prior to the receipt by ABL Agent of an Enforcement Notice issued by Notes Agent, of cash or other proceeds of ABL Collateral deposited under deposit account control agreements to the repayment of
ABL Obligations pursuant to the ABL Loan Documents. 
 SECTION 4. Proceeds. 

4.1 Application of Proceeds. 

(a) Prior to the Discharge of ABL Obligations, whether or not any Insolvency Proceeding has been commenced by or against any Grantor, except as
otherwise provided in Section 3.5, any ABL Priority Collateral or proceeds thereof received in connection with any Exercise of Secured Creditor Remedies shall (at such time as such Collateral or proceeds has been monetized)
be applied: (i) first, to the payment in full in cash or cash collateralization of the ABL Obligations in accordance with the ABL Loan Documents, and in the case of payment of any revolving loans following any acceleration of the ABL
Obligations and resulting from a foreclosure or “going out of business” sale or similar sale of ABL Priority Collateral, together with the concurrent permanent reduction of any revolving loan commitment thereunder in an amount equal to the
amount of such payment, and (ii) second, to the payment in full in cash of the Note Obligations in accordance with the Notes Documents and the Other Pari Passu Lien Obligations Agreement. 

(b) Prior to the Discharge of Notes Obligations, whether or not any Insolvency Proceeding has been commenced by or against any Grantor, except
as otherwise provided in Section 3.5, any Notes Priority Collateral or proceeds thereof received in connection with any Exercise of Secured Creditor Remedies shall (at such time as such Collateral or proceeds has been
monetized) be applied: (i) first, to the payment in full in cash or cash collateralization of the Notes Obligations in accordance with the Notes Documents, and (ii) second, to the Grantors or to whomever else is entitled to receive
same under applicable law. 
 (c) If any Exercise of Secured Creditor Remedies with respect to the Collateral produces non-cash proceeds, then such non-cash proceeds shall be held by the Agent that conducted the Exercise of Secured Creditor Remedies as additional Collateral and, at such time
as such non-cash proceeds are monetized, shall be applied as set forth above. 
 4.2
Turnover. Unless and until the earlier of Discharge of ABL Obligations or the Discharge of Notes Obligations has occurred, whether or not any Insolvency Proceeding has been commenced by or against any Grantor, except as otherwise provided in
Section 3.5, (a) any ABL Priority Collateral, proceeds thereof (including assets or proceeds subject to Liens referred to in the final sentence of Section 2.3) or any insurance proceeds described
in Section 5.2(a) received by Notes Agent or any other Notes Claimholder, pursuant to any Notes Document or by the exercise of any rights available to it under applicable law or in any Insolvency Proceeding pursuant to any
Exercise of Secured Creditor Remedies or through any other exercise of remedies, after Notes Agent or such other Notes Claimholder obtains actual knowledge or notice from ABL Agent that it has possession of such ABL Priority Collateral and/or such
proceeds or 

  
 26 

 
as a result of Notes Agent’s or any other Notes Claimholder’s collusion with any Grantor in violating the rights of ABL Agent or any other ABL Claimholder (within the meaning of Section 9-332 of the UCC), shall be segregated and held in trust and shall reasonably promptly be paid over to ABL Agent for the benefit of the ABL Claimholders in the same form as received, with any necessary
endorsements or as a court of competent jurisdiction may otherwise direct, and (b) any Notes Priority Collateral, proceeds thereof (including assets or proceeds subject to Liens referred to in the final sentence of
Section 2.3) or any insurance proceeds described in Section 5.2(b) received by ABL Agent or any other ABL Claimholder, pursuant to any ABL Loan Document or by the exercise of any rights available
to it under applicable law or in any Insolvency Proceeding pursuant to any Exercise of Secured Creditor Remedies or through any other exercise of remedies, after ABL Agent or such other ABL Claimholder obtains actual knowledge or notice from Notes
Agent that it has possession of such Notes Priority Collateral and/or such proceeds or as a result of ABL Agent’s or any other ABL Claimholder’s collusion with any Grantor in violating the rights of Notes Agent or any other Notes
Claimholder (within the meaning of Section 9-332 of the UCC), shall be segregated and held in trust and shall reasonably promptly be paid over to Notes Agent for the benefit of the Notes Claimholders in
the same form as received, with any necessary endorsements or as a court of competent jurisdiction may otherwise direct. Each of Notes Agent and ABL Agent is hereby authorized to make any such endorsements as agent for the other or any Claimholders.
This authorization is coupled with an interest and is irrevocable until the earlier of the Discharge of ABL Obligations or the Discharge of Notes Obligations. 

Notes Agent for itself and each other Notes Claimholder agrees that if, at any time, all or any part of any payment with respect to any ABL
Obligations secured by any ABL Priority Collateral previously made shall be rescinded for any reason whatsoever, to the extent still within its possession, it will promptly pay over to ABL Agent any payment received by it in respect of any such ABL
Priority Collateral and shall promptly turn any such ABL Priority Collateral then held by it over to ABL Agent, and the provisions set forth in this Agreement will be reinstated as if such payment had not been made, until the payment and
satisfaction in full of such ABL Obligations. 
 ABL Agent for itself and each other ABL Claimholder agrees that if, at any time, all or any
part of any payment with respect to any Notes Obligations secured by any Notes Priority Collateral previously made shall be rescinded for any reason whatsoever, and notwithstanding the fact that ABL Obligations under the ABL Credit Agreement are not
secured by Notes Priority Collateral, it will promptly pay over to Notes Agent any payment received by it in respect of any such Notes Priority Collateral and shall promptly turn any such Notes Priority Collateral then held by it over to Notes
Agent, and the provisions set forth in this Agreement will be reinstated as if such payment had not been made, until the payment and satisfaction in full of such Notes Obligations. 

4.3 No Subordination of the Relative Priority of Claims. Anything to the contrary contained herein notwithstanding, the subordination
of the Liens of Notes Claimholders in respect of the ABL Priority Collateral to the Liens of ABL Claimholders therein and of disclaimer of and subordination of the Liens of ABL Claimholders in respect of the Notes Priority Collateral to the Liens of
Notes Claimholders therein as set forth herein is with respect to the priority of the respective Liens held by or on behalf of them only and shall not constitute a subordination in right of payment of the Notes Obligations to the ABL Obligations or
the ABL Obligations to the Notes Obligations. 

  
 27 

 4.4 Application of Payments. Subject to the other terms of this Agreement, all payments
received (not in violation of this Agreement) by (a) ABL Agent or the other ABL Claimholders may be applied, reversed and reapplied, in whole or in part, to the ABL Obligations to the extent provided for in the ABL Loan Documents and
(b) Notes Agent or the other Note Claimholders may be applied, reversed and reapplied, in whole or in part, to the Note Obligations to the extent provided for in the Note Documents. 

4.5 Revolving Nature of ABL Obligations. Notes Agent, on behalf of the Notes Claimholders, acknowledges and agrees that the ABL Credit
Agreement includes a revolving commitment and that the amount of the ABL Obligations that may be outstanding at any time or from time to time may be increased or reduced and subsequently reborrowed. 

SECTION 5. Releases; Dispositions; Other Agreements. 

5.1 Releases. 
 (a) If, in
connection with the Exercise of Secured Creditor Remedies by ABL Agent as provided for in Section 3, irrespective of whether an ABL Default or a Notes Default has occurred and is continuing, ABL Agent releases any of its
Liens on any part of the ABL Priority Collateral, then the Liens of Notes Agent on such ABL Priority Collateral shall be automatically, unconditionally, and simultaneously released so long as all proceeds therefrom are applied to permanently repay
the ABL Obligations and the then outstanding commitments to extend credit under the ABL Credit Agreement are terminated; provided, however, that any proceeds remaining after the Discharge of ABL Obligations shall be subject to the
Liens of the Notes Claimholders. Notes Agent, for itself or on behalf of any such Notes Claimholders, promptly shall execute and deliver to ABL Agent such termination or amendment statements, releases, and other documents as ABL Agent may request in
writing to effectively confirm such release, without the consent or direction of any other Notes Claimholders at the cost and expense of the Grantors. 

(b) If, in connection with the Exercise of Secured Creditor Remedies by Notes Agent as provided for in Section 3,
irrespective of whether an ABL Default or a Notes Default has occurred and is continuing, Notes Agent releases any of its Liens on any part of the Notes Priority Collateral, then the Liens, if any, of ABL Agent on such Notes Priority Collateral
shall be automatically, unconditionally, and simultaneously released so long as all proceeds therefrom are applied to permanently repay, repurchase or otherwise retire the Notes Obligations. ABL Agent, for itself or on behalf of any such ABL
Claimholders, promptly shall execute and deliver to Notes Agent such termination or amendment statements, releases, and other documents as Notes Agent may request in writing to effectively confirm such release, without the consent or direction of
any other ABL Claimholders at the cost and expense of the Grantors. 
 (c) If, in connection with any Disposition of any ABL Priority
Collateral permitted under the terms of the ABL Loan Documents, the Notes Documents and any Other Pari Passu Lien Obligations Agreement as in effect at the time of such Disposition, ABL Agent, 

  
 28 

 
for itself or on behalf of any ABL Claimholders, releases any of its Liens on the portion of the ABL Priority Collateral that is the subject of such Disposition, other than (i) in connection
with the Discharge of ABL Obligations, or (ii) after the occurrence and during the continuance of any Notes Default, then the Liens of Notes Agent on such Collateral shall be automatically, unconditionally, and simultaneously released. Notes
Agent, for itself or on behalf of any such Notes Claimholders, promptly shall execute and deliver to ABL Agent such termination or amendment statements, releases, and other documents as ABL Agent may request in writing to effectively confirm such
release, without the consent or direction of any other Notes Claimholders provided that such Grantors have delivered such certificates or other documents to which the Notes Agent may be entitled under the Notes Documents and the Other Pari Passu
Lien Obligations Agreement. 
 (d) [reserved.] 

(e) In the event that any Collateral that would be ABL Priority Collateral is no longer Collateral pursuant to the effects of clause
(8) of the definition of “Excluded Assets” in the Indenture (or any comparable provision in any successor Notes Document), such Collateral shall automatically be deemed not to be Notes Collateral under the Notes Collateral Documents.
Notes Agent, for itself or on behalf of any such Notes Claimholders, promptly shall execute and deliver to the Grantors such termination or amendment statements, releases, and other documents as any Grantor may request to effectively confirm such
release, at the cost and expense of the Grantors and without the consent or direction of any other Notes Claimholders. 
 (f) [reserved.]

 (g) Notes Agent, with respect to the ABL Priority Collateral, on behalf of the Notes Claimholders, hereby irrevocably constitutes and
appoints ABL Agent with respect to such ABL Priority Collateral and any officer or agent of ABL Agent, with full power of substitution, as its true and lawful
attorney-in-fact with full irrevocable power and authority in the place and stead of Notes Agent or in Notes Agent’s own name, from time to time in ABL Agent’s
discretion exercised in good faith, for the purpose of carrying out the terms of this Section 5.1, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary to
accomplish the purposes of this Section 5.1, including any endorsements or other instruments of transfer or release. 

5.2 Insurance. 
 (a)
Unless and until ABL Agent has provided written notice to Notes Agent that the Discharge of ABL Obligations has occurred: (i) ABL Agent and the other ABL Claimholders shall have the sole and exclusive right, subject to the rights of Grantors
under the ABL Loan Documents, to adjust and settle any claim under any insurance policy covering the ABL Priority Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding (or any deed
in lieu of condemnation) affecting the ABL Priority Collateral; and (ii) all proceeds of any such insurance policy and any such award (or any payments with respect to a deed in lieu of condemnation) if in respect of ABL Priority Collateral,
shall be paid, subject to the rights of Grantors under the ABL Loan Documents, first, to the ABL Claimholders, until the Discharge of ABL Obligations, second, to the Notes 

  
 29 

 
Claimholders, until the Discharge of Notes Obligations, and third, to the owner of the subject property, such other person as may be entitled thereto, or as a court of competent
jurisdiction may otherwise direct. If Notes Agent or any other Notes Claimholders shall at any time receive any proceeds of any such insurance policy or award in contravention of this Agreement, it shall hold such proceeds in trust and upon written
request pay over such proceeds to ABL Agent. 
 (b) Unless and until Notes Agent has provided written notice to ABL Agent that the Discharge
of Notes Obligations has occurred: (i) Notes Agent and the other Notes Claimholders shall have the sole and exclusive right, subject to the rights of Grantors under the Notes Documents and the Other Pari Passu Lien Obligations Agreement, to
adjust and settle any claim under any insurance policy covering the Notes Priority Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding (or any deed in lieu of condemnation)
affecting the Notes Priority Collateral; and (ii) all proceeds of any such insurance policy and any such award (or any payments with respect to a deed in lieu of condemnation) if in respect of Notes Priority Collateral, shall be paid, subject
to the rights of Grantors under the Notes Documents and the Other Pari Passu Lien Obligations Agreement, first, to the Notes Claimholders, until the Discharge of Notes Obligations and second, to the owner of the subject property, such
other person as may be entitled thereto, or as a court of competent jurisdiction may otherwise direct. If ABL Agent or any other ABL Claimholders shall at any time receive any proceeds of any such insurance policy or award in contravention of this
Agreement, it shall hold such proceeds in trust and upon request pay over such proceeds to Notes Agent. 
 In the event that any proceeds
are derived from any insurance policy that covers ABL Priority Collateral and Notes Priority Collateral, ABL Agent and Notes Agent will work jointly and in good faith to collect, adjust or settle (subject to the rights of the Grantors under the ABL
Loan Documents, the Notes Documents and the Other Pari Passu Lien Obligations Agreement) any claim under the relevant insurance policy. 

Notwithstanding anything contained in this Agreement to the contrary, in the event that any proceeds are derived from any insurance policy
that covers ABL Priority Collateral and Notes Priority Collateral where the allocation of proceeds is not stipulated between ABL Priority Collateral and Notes Priority Collateral, then the allocation of proceeds of such insurance policy to the ABL
Priority Collateral shall be based upon, in the case of (A) any ABL Priority Collateral consisting of inventory, book value as assessed on the date of such loss, (B) any ABL Priority Collateral consisting of accounts receivable, the face
amount thereof and (C) all other ABL Priority Collateral and Notes Priority Collateral, the fair market value of such ABL Priority Collateral and Notes Priority Collateral, as determined by Grantors in their reasonable judgment or, if the
aggregate amount of such other ABL Priority Collateral and Notes Priority Collateral sold is greater than $35,000,000, an independent appraiser. 

(c) To effectuate the foregoing, Grantors shall provide ABL Agent and Notes Agent with separate lender’s loss payable endorsements naming
such Agents as loss payee and additional insured, as their interests may appear, with respect to policies which insure Collateral hereunder. 

  
 30 

 5.3 Amendments; Refinancings; Legend. 

(a) The ABL Loan Documents may be amended, restated, supplemented, or otherwise modified in accordance with their terms and the ABL Obligations
may be Refinanced in accordance with the terms of the ABL Loan Documents, in each case without notice to, or the consent of, Notes Agent or any other Notes Claimholders, all without affecting the lien subordination or other provisions of this
Agreement; provided, however, that, in the case of a Refinancing secured by any Collateral, the holders of such Refinancing debt (or an authorized representative on their behalf) bind themselves (in a writing addressed to Notes Agent
for the benefit of itself and the other Notes Claimholders in a form reasonably acceptable to Notes Agent) to the terms of this Agreement; provided further, however, that any such amendment, restatement, supplement,
modification, or Refinancing shall not result in a Notes Default under the Indenture; provided further, however, that, if such Refinancing debt is secured by a Lien on any Collateral the holders of such Refinancing debt shall be
deemed bound by the terms hereof regardless of whether or not such writing is provided. For the avoidance of doubt, the sale or other transfer of indebtedness is not restricted by this Agreement but the provisions of this Agreement shall be binding
on all holders of ABL Obligations and Notes Obligations. 
 (b) Each of the Notes Documents and the Other Pari Passu Lien Obligations
Agreement may be amended, restated, supplemented, or otherwise modified in accordance with their terms and the Notes Obligations may be Refinanced in accordance with the terms of the Notes Documents and the Other Pari Passu Lien Obligations
Agreement, as applicable, in each case without notice to, or the consent of, ABL Agent or any other ABL Claimholders, all without affecting the lien subordination or other provisions of this Agreement; provided, however, that, in the
case of a Refinancing secured by any Collateral, the holders of such Refinancing debt (or an authorized representative on their behalf) bind themselves (in a writing addressed to ABL Agent for the benefit of itself and the other ABL Claimholders in
a form reasonably acceptable to ABL Agent) to the terms of this Agreement; provided further, however, that any such amendment, restatement, supplement, modification, or Refinancing shall not, without the prior written consent of
ABL Agent, result in an ABL Default under the ABL Credit Agreement; provided further, however, that, if such Refinancing debt is secured by a Lien on any Collateral the holders of such Refinancing debt shall be deemed bound by
the terms hereof regardless of whether or not such writing is provided. For the avoidance of doubt, the sale or other transfer of indebtedness is not restricted by this Agreement but the provisions of this Agreement shall be binding on all holders
of ABL Obligations and Notes Obligations. 
 (c) So long as the Discharge of ABL Obligations has not occurred, Notes Agent agrees that each
Notes Collateral Document entered into after the date hereof shall include the following language (or similar language acceptable to ABL Agent): 

“Anything herein to the contrary notwithstanding, the liens and security interests granted to Wilmington Trust, National Association, as
Collateral Agent under the Indenture, pursuant to this Agreement and the exercise of any right or remedy by Wilmington Trust, National Association, as Collateral Agent hereunder, are subject to the provisions of the Intercreditor Agreement dated as
of August 7, 2013 (as amended by that certain First Amendment dated as of April 25, 2018 and as further amended, restated, supplemented, or otherwise modified from time 

  
 31 

 
to time, the “Intercreditor Agreement”), by and between Wells Fargo Capital Finance, LLC, as ABL Agent, and Wilmington Trust, National Association, as Notes Agent. In the event
of any conflict between the terms of the Intercreditor Agreement and this Agreement, the terms of the Intercreditor Agreement shall govern and control, except with respect to the rights, protections, immunities and indemnities of the Notes
Collateral Agent, for which the Indenture shall control.” 
 5.4 Bailee for Perfection. 

(a) ABL Agent and Notes Agent each agree to hold or control that part of the Collateral that is in its possession or control (or in the
possession or control of its agents or bailees), to the extent that possession or control thereof is taken to perfect a Lien thereon under the UCC or other applicable law (such Collateral being referred to as the “Pledged
Collateral”), as gratuitous bailee and as a non-fiduciary agent for the benefit of and on behalf of Notes Agent or ABL Agent, as applicable (such bailment and agency being intended, among other
things, to satisfy the requirements of possession or control under Sections 8-301(a)(2), 9-313(c), 9-104, 9-105, 9-106, and 9-107 of the UCC), solely for the purpose of perfecting the security interest granted under the Notes Collateral
Documents or the ABL Loan Documents, as applicable, subject to the terms and conditions of this Section 5.4. Notes Agent and the other Notes Claimholders hereby appoint ABL Agent as their gratuitous bailee for the purposes
of perfecting their security interest in all Pledged Collateral in which ABL Agent has a perfected security interest under the UCC. ABL Agent and the other ABL Claimholders hereby appoint Notes Agent as their gratuitous bailee for the purposes of
perfecting their security interest in all Pledged Collateral in which Notes Agent has a perfected security interest under the UCC. Each of ABL Agent and Notes Agent hereby accept such appointment pursuant to this
Section 5.4(a) and acknowledge and agree that it shall act for the benefit of and on behalf of the other Agent and the applicable other Claimholders with respect to any Pledged Collateral and that any proceeds received by
ABL Agent or Notes Agent, as the case may be, under any Pledged Collateral shall be applied in accordance with Section 4. Unless and until the Discharge of Notes Obligations, ABL Agent agrees to promptly notify Notes Agent
of any Pledged Collateral constituting Notes Priority Collateral held by it or known by it to be held by any other ABL Claimholders, and, promptly upon the request of Notes Agent in writing at any time prior to the Discharge of Notes Obligations,
ABL Agent agrees to deliver to Notes Agent any such Pledged Collateral held by it or by any other ABL Claimholders, together with any necessary endorsements (or otherwise allow Notes Agent to obtain control of such Pledged Collateral). Unless and
until the Discharge of ABL Obligations, Notes Agent agrees to promptly notify ABL Agent of any Pledged Collateral constituting ABL Priority Collateral held by it or known by it to be held by any other Notes Claimholders, and, promptly upon the
request of ABL Agent in writing at any time prior to the Discharge of ABL Obligations, Notes Agent agrees to deliver to ABL Agent any such Pledged Collateral held by it or by any other Notes Claimholders, together with any necessary endorsements (or
otherwise allow ABL Agent to obtain control of such Pledged Collateral). ABL Agent hereby agrees that upon the Discharge of ABL Obligations, to the extent that the applicable control agreement is in full force and effect and has not been terminated,
ABL Agent shall continue to act as such a gratuitous bailee and non-fiduciary agent for Notes Agent (solely for the purpose of perfecting the security interest granted under the

  
 32 

 
Notes Collateral Documents and at the expense of Grantors) with respect to the deposit account or securities account that is the subject of such control agreement, until the earlier to occur of
(x) 30 days after the date when the Discharge of ABL Obligations has occurred, and (y) the date when a control agreement is executed in favor of Notes Agent with respect to such deposit account or securities account. 

(b) ABL Agent and the other ABL Claimholders shall have no obligation whatsoever to Notes Agent or any other Notes Claimholder to ensure that
the Pledged Collateral is genuine or owned by any of Grantors or to preserve rights or benefits of any person except as expressly set forth in this Section 5.4. Notes Agent and the other Notes Claimholders shall have no
obligation whatsoever to ABL Agent or any other ABL Claimholder to ensure that the Pledged Collateral is genuine or owned by any of Grantors or to preserve rights or benefits of any person except as expressly set forth in this
Section 5.4. The duties or responsibilities of ABL Agent under this Section 5.4 shall be limited solely to holding or controlling the Pledged Collateral as a gratuitous bailee and a non-fiduciary agent in accordance with this Section 5.4 and delivering the Pledged Collateral upon a Discharge of ABL Obligations as provided in paragraph (d) of this
Section 5.4. The duties or responsibilities of Notes Agent under this Section 5.4 shall be limited solely to holding or controlling the Pledged Collateral as a gratuitous bailee and a
non-fiduciary agent in accordance with this Section 5.4 and delivering the Pledged Collateral upon a Discharge of Notes Obligations as provided in paragraph (d) of this Section 5.4. 

(c) ABL Agent acting pursuant to this Section 5.4 shall not have by reason of the ABL Collateral Documents, the Notes
Collateral Documents, or this Agreement a fiduciary relationship in respect of Notes Agent or any other Notes Claimholder. Notes Agent acting pursuant to this Section 5.4 shall not have by reason of the ABL Collateral
Documents, the Notes Collateral Documents, or this Agreement a fiduciary relationship in respect of ABL Agent or any other ABL Claimholder. 

(d) ABL Agent shall transfer to Notes Agent (i) any proceeds of any ABL Priority Collateral in which Notes Agent continues to hold a
security interest remaining following any sale, transfer or other disposition of such ABL Priority Collateral (in each case, unless Notes Agent’s Lien on all such ABL Priority Collateral is terminated and released prior to or concurrently with
such sale, transfer, disposition, payment or satisfaction and does not continue on the proceeds of such ABL Priority Collateral under Section 5.1), following the Discharge of ABL Obligations, or (ii) if ABL Agent is in
possession of all or any part of such ABL Priority Collateral after the Discharge of ABL Obligations, such ABL Priority Collateral or any part thereof remaining, in each case without representation or warranty on the part of ABL Agent or any other
ABL Claimholder. At such time, ABL Agent further agrees to take all other action reasonably requested by Notes Agent in writing at the expense of the Grantors (including amending any outstanding control agreements) to enable Notes Agent to obtain a
first-priority security interest in the Collateral. To the extent no Notes Obligations that are secured by such Pledged Collateral remain outstanding as confirmed in writing by Notes Agent (so as to allow such person to obtain possession or control
of such Pledged Collateral), ABL Agent shall deliver the remaining Pledged Collateral (if any) together with any necessary endorsements to Company. Without limiting the foregoing, Notes Agent agrees for itself and each other Notes Claimholder that
neither ABL Agent nor any other ABL Claimholder will have any duty or obligation first to 

  
 33 

 
marshal or realize upon the ABL Priority Collateral, or to sell, dispose of or otherwise liquidate all or any portion of the ABL Priority Collateral, in any manner that would maximize the return
to the Notes Claimholders, notwithstanding that the order and timing of any such realization, sale, disposition or liquidation may affect the amount of proceeds actually received by the Notes Claimholders from such realization, sale, disposition or
liquidation. 
 5.5 When Discharge of Obligations Deemed to Not Have Occurred. 

(a) If the Grantors enter into any Refinancing of the ABL Obligations that is intended to be secured by the ABL Priority Collateral on a
first-priority basis, then a Discharge of ABL Obligations shall be deemed not to have occurred for all purposes of this Agreement, and the obligations under such Refinancing of such ABL Obligations shall be treated as ABL Obligations for all
purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of Collateral set forth herein, and ABL Agent under the ABL Loan Documents effecting such Refinancing shall be ABL Agent for all purposes of this
Agreement. ABL Agent under such ABL Loan Documents shall agree (in a writing addressed to Notes Agent for the benefit of itself and the other Notes Claimholders) to be bound by the terms of this Agreement. 

(b) If the Grantors enter into any Refinancing of the Notes Obligations that is intended to be secured by the Notes Priority Collateral on a
first-priority basis, then a Discharge of Notes Obligations shall be deemed not to have occurred for all purposes of this Agreement, and the obligations under such Refinancing of such Notes Obligations shall be treated as Notes Obligations for all
purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of Collateral set forth herein, and the lender or group of lenders or any of their designees under the Notes Documents effecting such Refinancing shall
be Notes Agent for all purposes of this Agreement. The lender or group of lenders or any of their designees under such Notes Documents shall agree (in a writing addressed to ABL Agent for the benefit of itself and the other ABL Claimholders) to be
bound by the terms of this Agreement. 
 5.6 Injunctive Relief. Should any Claimholder in any way take, attempt to take, or threaten
to take any action contrary to terms of this Agreement with respect to the Collateral, or fail to take any action required by this Agreement, Notes Agent, ABL Agent or any other Claimholder may obtain relief against such Claimholder by injunction,
specific performance, or other appropriate equitable relief, it being understood and agreed by each of ABL Agent, Notes Agent and each Claimholder that (a) non-breaching Claimholders’ damages from
such actions may at that time be difficult to ascertain and may be irreparable, and (b) each Claimholder waives any defense that such Claimholders cannot demonstrate damage and/or be made whole by the awarding of damages. ABL Agent, Notes Agent
and each Claimholder hereby irrevocably waive any defense based on the adequacy of a remedy at law and any other defense which might be asserted to bar the remedy of specific performance in any action which may be brought by ABL Agent or any other
ABL Claimholders or Notes Agent or any other Notes Claimholders, as the case may be. 

  
 34 

 SECTION 6. Insolvency Proceedings. 

6.1 Enforceability and Continuing Priority. This Agreement shall be applicable both before and after the commencement of any Insolvency
Proceeding and all converted or succeeding cases in respect thereof. The relative rights of Claimholders in or to any distributions from or in respect of any Collateral or proceeds of Collateral shall continue after the commencement of any
Insolvency Proceeding. Accordingly, the provisions of this Agreement (including the provisions of Section 2.1 hereof) are intended to be and shall be enforceable as a subordination agreement within the meaning of
Section 510(a) of the Bankruptcy Code. 
 6.2 Financing. 

(a) Until the Discharge of ABL Obligations, if any Grantor shall be subject to any Insolvency Proceeding and ABL Agent consents to the use of
cash collateral (as such term is defined in Section 363(a) of the Bankruptcy Code) constituting ABL Priority Collateral (herein, “ABL Cash Collateral”), or to permit any Grantor to obtain financing provided by any one or more
ABL Claimholders under Section 364 of the Bankruptcy Code or any similar Bankruptcy Law secured by a Lien on such ABL Priority Collateral that is (i) senior or pari passu with the Liens on the ABL Priority Collateral securing
the ABL Obligations and (ii) junior to the Liens on the Notes Priority Collateral securing the Notes Obligations (such financing, an “ABL DIP Financing”), and if the Grantors desire to obtain authorization from the Bankruptcy
Court to use such ABL Cash Collateral or to obtain such ABL DIP Financing, then Notes Agent agrees that it will consent (and will be deemed to have consented) to, will raise no objection to, nor support any other person objecting to, the use of such
ABL Cash Collateral or such ABL DIP Financing (including, except as set forth in clause (3) below, any objection based on an assertion that the Notes Claimholders are entitled to adequate protection of their interest in the Collateral as a
condition thereto), and Notes Agent will subordinate its Liens in the ABL Priority Collateral to the Liens securing such ABL DIP Financing, to the extent any Liens securing the ABL Obligations are discharged, subordinated to, or made pari
passu with any new Liens securing such ABL DIP Financing and to any replacement or additional Liens granted as adequate protection of the interests of the ABL Claimholders in the Collateral (“ABL Adequate Protection Lien”),
in each case to the extent consistent with the other provisions of this Agreement; provided that (1) Notes Agent retains its Lien on the Collateral existing as of the date of the commencement of the Insolvency Proceeding to secure the
Notes Obligations (in each case, including proceeds thereof arising after the commencement of the Insolvency Proceeding) and, as to the Notes Priority Collateral only, such Lien has the same priority as existed prior to the commencement of the
Insolvency Proceeding and any Lien on the Notes Priority Collateral securing such ABL DIP Financing and any ABL Adequate Protection Lien on the Notes Priority Collateral (and all obligations relating thereto, including any “carve-out” in favor of fees and expenses of professionals retained by any debtor or creditors’ committee as agreed to by ABL Agent and the other ABL Claimholders with respect to ABL Priority
Collateral) is junior and subordinate to the Lien of Notes Agent on the Notes Priority Collateral, (2) all Liens on ABL Priority Collateral securing any such ABL DIP Financing shall be senior to or made pari passu with the Liens
of ABL Agent and the other ABL Claimholders securing the ABL Obligations on ABL Priority Collateral, (3) to the extent that ABL Agent is granted an ABL Adequate Protection Lien on Collateral arising after the commencement of the Insolvency
Proceeding or additional payments or claims, the Notes Claimholders shall be entitled to seek a Lien on such additional Collateral with the relative priority set forth in Section 2.1 (and no ABL Agent or other ABL
Claimholder shall oppose any motion by any Notes Claimholder with respect to the granting of such a Lien), and (4) the terms of such ABL DIP Financing or ABL Cash Collateral order do not either require such Notes Claimholders to extend
additional credit pursuant to such 

  
 35 

 
ABL DIP Financing or authorize the use of cash collateral consisting of Notes Priority Collateral. The ABL Claimholders agree not to offer to provide any ABL DIP Financing that does not meet the
requirements set forth in clauses (1) through (4) above. If ABL Claimholders offer to provide ABL DIP Financing that meets the requirements set forth in clauses (1) through (4) above in this paragraph, and if the Grantors desire to obtain
authorization from the Bankruptcy Court to obtain such ABL DIP Financing, Notes Agent agrees, on behalf of itself and the other Notes Claimholders, that no Notes Claimholder shall, directly or indirectly, provide, offer to provide, or support any
financing competing with the ABL DIP Financing to be secured by a Lien on the ABL Priority Collateral that is senior to or pari passu with the Liens on the ABL Priority Collateral securing the ABL Obligations. The foregoing provisions
of this Section 6.2(a) shall not prevent Notes Agent from objecting to any provision in any ABL Cash Collateral order or ABL DIP Financing documentation relating to any provision or content of a plan of reorganization. ABL
Agent, on behalf of itself and the other ABL Claimholders, agrees that no such Person shall provide to such Grantor any financing under Section 364 of the Bankruptcy Code to the extent that ABL Agent or any other ABL Claimholder would, in
connection with such financing, be granted a Lien on the Notes Priority Collateral senior to or pari passu with any Liens of Notes Agent. If, in connection with any ABL Cash Collateral use or ABL DIP Financing, any Liens on the ABL
Priority Collateral held by ABL Claimholders are subject to a surcharge or are subordinated to an administrative priority claim, a professional fee “carve out,” or fees owed to the United State Trustee, then the Liens on the ABL Priority
Collateral of Notes Claimholders shall also be subordinated to such interest or claim and shall remain subordinated to the Liens on the ABL Priority Collateral of ABL Claimholders consistent with this Agreement. 

(b) Until the Discharge of Notes Obligations, if any Grantor shall be subject to any Insolvency Proceeding and Notes Agent consents to the use
of cash collateral (as such term is defined in Section 363(a) of the Bankruptcy Code) constituting Notes Priority Collateral (herein, “Notes Cash Collateral”), or to permit any Grantor to obtain financing provided by any one or
more Notes Claimholders under Section 364 of the Bankruptcy Code or any similar Bankruptcy Law secured by a Lien on such Notes Priority Collateral that is (i) senior or pari passu with the Liens on the Notes Priority
Collateral securing the Notes Obligations and (ii) junior to the Liens on the ABL Priority Collateral securing the ABL Obligations (such financing, a “Notes DIP Financing”), and if the Grantors desire to obtain authorization
from the Bankruptcy Court to use such Notes Cash Collateral or to obtain such Notes DIP Financing, then ABL Agent agrees that it will consent (and will be deemed to have consented) to, will raise no objection to, nor support any other person
objecting to, the use of such Notes Cash Collateral or such Notes DIP Financing (including any objection based on an assertion that the ABL Claimholders are entitled to adequate protection of their interest in the Collateral as a condition thereto),
and ABL Agent will subordinate its Liens, if any, in the Notes Priority Collateral to the Liens securing such Notes DIP Financing, to the extent any Liens securing the Notes Obligations are discharged, subordinated to, or made pari
passu with any new Liens securing such Notes DIP Financing and to any replacement or additional Liens granted as adequate protection of the interests of the Notes Claimholders in the Collateral (“Notes Adequate Protection
Lien”), in each case to the extent consistent with the other provisions of this Agreement; provided that (1) ABL Agent retains its Lien on the Collateral existing as of the date of the commencement of the Insolvency Proceeding
to secure the ABL Obligations (in each case, including proceeds thereof arising after the commencement of the Insolvency Proceeding) and, as to the ABL Priority 

  
 36 

 
Collateral only, such Lien has the same priority as existed prior to the commencement of the Insolvency Proceeding and any Lien on the ABL Priority Collateral securing such Notes DIP Financing
and any Notes Adequate Protection Lien on the ABL Priority Collateral (and all obligations relating thereto, including any “carve-out” in favor of fees and expenses of professionals retained by any
debtor or creditors’ committee as agreed to by Notes Agent and the other Notes Claimholders with respect to Notes Priority Collateral) is junior and subordinate to the Lien of ABL Agent on the ABL Priority Collateral, (2) all Liens on
Notes Priority Collateral securing any such Notes DIP Financing shall be senior to or made pari passu with the Liens of Notes Agent and the other Notes Claimholders securing the Notes Obligations on Notes Priority Collateral, and
(3) the terms of such Notes DIP Financing or Notes Cash Collateral order do not either require such ABL Claimholders to extend additional credit pursuant to such Notes DIP Financing or authorize the use of cash collateral consisting of ABL
Priority Collateral. The Notes Claimholders agree not to offer to provide any Notes DIP Financing that does not meet the requirements set forth in clauses (1) through (3) above. If Notes Claimholders offer to provide Notes DIP Financing that
meets the requirements set forth in clauses (1) through (3) above in this paragraph, and if the Grantors desire to obtain authorization from the Bankruptcy Court to obtain such Notes DIP Financing, ABL Agent agrees, on behalf of itself and the
other ABL Claimholders, that no ABL Claimholder shall, directly or indirectly, provide, offer to provide, or support any financing competing with the Notes DIP Financing to be secured by a Lien on the Notes Priority Collateral that is senior to or
pari passu with the Liens on the Notes Priority Collateral securing the Notes Obligations. The foregoing provisions of this Section 6.2(b) shall not prevent ABL Agent from objecting to any provision in any
Notes Cash Collateral order or Notes DIP Financing documentation relating to any provision or content of a plan of reorganization. Notes Agent, on behalf of itself and the other Notes Claimholders, agrees that no such Person shall provide to such
Grantor any financing under Section 364 of the Bankruptcy Code to the extent that Notes Agent or any other Notes Claimholder would, in connection with such financing, be granted a Lien on the ABL Priority Collateral senior to or pari
passu with any Liens of ABL Agent. If, in connection with any Notes Cash Collateral use or Notes DIP Financing, any Liens on the Notes Priority Collateral held by Notes Claimholders are subject to a surcharge or are subordinated to an
administrative priority claim, a professional fee “carve out,” or fees owed to the United State Trustee, then the Liens on the Notes Priority Collateral of ABL Claimholders shall also be subordinated to such interest or claim and shall
remain subordinated to the Liens on the Notes Priority Collateral of Notes Claimholders consistent with this Agreement. 
 (c) All Liens
granted to ABL Agent or Notes Agent in any Insolvency Proceeding, whether as adequate protection or otherwise, are intended by the parties to be and shall be deemed to be subject to the Lien priorities in Section 2.1 and the other terms and
conditions of this Agreement. 
 6.3 Sales. Subject to Sections 3.4(a) and 3.8, each of Notes Agent and ABL Agent
agrees that it will consent, and will not object or oppose, or support any party in opposing, a motion to Dispose of any Priority Collateral of the other Agent free and clear of any Liens or other claims under Section 363 or any other provision
of the Bankruptcy Code if, in the case of ABL Priority Collateral, the requisite ABL Claimholders under the ABL Credit Agreement and ABL Agent have consented to such Disposition of such ABL Priority Collateral, or, in the case of Notes Priority
Collateral, Notes Claimholders under the Indenture and Notes Agent have 

  
 37 

 
consented to such Disposition of such Notes Priority Collateral, such motion does not impair, subject to the priorities set forth in this Agreement, the rights of such party under
Section 363(k) of the Bankruptcy Code (so long as the right of any Notes Claimholder to offset its claim against the purchase price for any ABL Priority Collateral exists only after the ABL Obligations have been paid in full in cash, and so
long as the right of any ABL Claimholder to offset its claim against the purchase price for any Notes Priority Collateral exists only after the Notes Obligations have been paid in full in cash), and the terms of any proposed order approving such
transaction provide for the respective Liens to attach to the proceeds of the Priority Collateral that is the subject of such Disposition, subject to the Lien priorities in Section 2.1 and the other terms and conditions of
this Agreement. Each of Notes Agent and ABL Agent further agrees that it will not oppose, or support any party in opposing, the right of the other party to credit bid under Section 363(k) of the Bankruptcy Code, subject to the provision of the
immediately preceding sentence. 
 6.4 Relief from the Automatic Stay. 

(a) Until the Discharge of ABL Obligations has occurred, Notes Agent agrees not to seek (or support any other person seeking) relief from the
automatic stay or any other stay in any Insolvency Proceeding in respect of the ABL Priority Collateral, without the prior written consent of ABL Agent, unless (x) ABL Agent already has filed a motion (which remains pending) for such relief
with respect to its interest in such Collateral and (y) a corresponding motion, in the reasonable judgment of Notes Agent, should be filed for the purpose of preserving such Agent’s ability to receive residual distributions pursuant to
Section 4.1, although Notes Agent and the other Notes Claimholders shall otherwise remain subject to the applicable restrictions in Section 3.1 following the granting of any such relief from the
automatic stay. 
 (b) Until the Discharge of Notes Obligations has occurred and without implying that the ABL Claimholders have a Lien on
the Notes Priority Collateral, ABL Agent agrees not to seek (or support any other person seeking) relief from the automatic stay or any other stay in any Insolvency Proceeding in respect of the Notes Priority Collateral, without the prior written
consent of Notes Agent, unless (x) Notes Agent already has filed a motion (which remains pending) for such relief with respect to its interest, if any, in such Collateral and (y) a corresponding motion, in the reasonable judgment of ABL
Agent, should be filed for the purpose of preserving such Agent’s ability to receive residual distributions, if any, pursuant to Section 4.1, although ABL Agent and the other ABL Claimholders shall otherwise remain
subject to the applicable restrictions in Section 3.2 following the granting of any such relief from the automatic stay. 

6.5 Adequate Protection. 

(a) In any Insolvency Proceeding involving a Grantor, each of ABL Agent, each other ABL Claimholder, Notes Agent and each other Notes
Claimholder agrees that it will not oppose or contest (or support any other person opposing or contesting) (and instead shall be deemed to have hereby irrevocably, absolutely and unconditionally waived any right to do so): (i) any request by Notes
Agent or any other Notes Claimholder, with respect to the Notes Priority Collateral prior to the Discharge of Notes Obligations, or any request by ABL Agent or any other ABL Claimholder, with respect to the ABL Priority Collateral prior to the
Discharge of ABL 

  
 38 

 
Obligations, in each case, for adequate protection for the application of proceeds of ABL Priority Collateral to the ABL Obligations, or the proceeds of Notes Priority Collateral to the Notes
Obligations, as applicable, and, with respect to Liens on the ABL Priority Collateral or the Notes Priority Collateral, as applicable, for replacement or additional Liens on post-petition assets of the same type as the ABL Priority Collateral or the
Notes Priority Collateral, as applicable, or (ii) as applicable, (A) any (1) objection by ABL Agent or the other ABL Claimholders to any motion, relief, action or proceeding based on ABL Agent or the other ABL Claimholders claiming a lack
of adequate protection with respect to their Liens in the ABL Priority Collateral, or (2) request by ABL Agent or the other ABL Claimholders for relief from the automatic stay with respect to the ABL Priority Collateral, or (B) any (1)
objection by Notes Agent or the other Notes Claimholders to any motion, relief, action or proceeding based on Notes Agent or the other Notes Claimholders claiming a lack of adequate protection with respect to their Liens in the Notes Priority
Collateral or (2) request by Notes Agent or the other Notes Claimholders for relief from the automatic stay with respect to the Notes Priority Collateral; provided, however, that (x) ABL Agent and the other ABL Claimholders
may object to any request for adequate protection that would result in any adequate protection payments to Notes Agent or other Notes Claimholders being made with any ABL Priority Collateral, or with any advances made pursuant to any ABL DIP
Financing prior to the Discharge of ABL Obligations and (y) Notes Agent and other Notes Claimholders may object to any request for adequate protection that would result in any adequate protection payments to ABL Agent or other ABL Claimholders
being made with any Notes Priority Collateral, or with any advances made pursuant to any Notes DIP Financing prior to the Discharge of Notes Obligations. ABL Agent, for itself and the other ABL Claimholders, further agrees that it will not accept
any such replacement or additional Liens on such post-petition assets of the same type as the Notes Priority Collateral unless Notes Agent shall also have received a replacement or additional Lien thereon as adequate protection of its senior
interest in the Notes Priority Collateral that is superior to the additional or replacement Liens so granted to ABL Agent. If Notes Agent, for itself and on behalf of the other Notes Claimholders, seeks or requires (or is otherwise granted) adequate
protection of its junior interest in the ABL Priority Collateral in the form of a replacement or additional Lien on the post-petition assets of the same type as the ABL Priority Collateral, then Notes Agent, for itself and the other Notes
Claimholders, agrees that ABL Agent shall also be granted a replacement or additional Lien on such post-petition assets as adequate protection of its senior interest in the ABL Priority Collateral and that Notes Agent’s replacement or
additional Lien shall be subordinated to the replacement or additional Lien of ABL Agent on the same basis as the Liens of Notes Agent on the ABL Priority Collateral are subordinated to the Liens of ABL Agent on the ABL Priority Collateral under
this Agreement; in that regard, Notes Agent, for itself and the other Notes Claimholders, further agrees that it will not accept any such replacement or additional Liens on such post-petition assets of the same type as the ABL Priority Collateral
unless ABL Agent shall also have received a replacement or additional Lien thereon as adequate protection of its senior interest in the ABL Priority Collateral that is superior to the additional or replacement Liens so granted to Notes Agent. ABL
Agent may object to any request of adequate protection that would result in such adequate protection being made with a Lien on ABL Priority Collateral senior to the Lien of ABL Agent. Notes Agent may object to any request of adequate protection that
would result in such adequate protection being made with a Lien on Notes Priority Collateral senior to the Lien of Notes Agent. 

  
 39 

 (b) Subject to Sections 6.2 and 6.5(a), and other provisions hereof, in any
Insolvency Proceeding involving a Grantor, (i) Notes Agent and the other Notes Claimholders may seek, without objection from ABL Claimholders, adequate protection with respect to their rights in the Notes Priority Collateral, and (ii) ABL
Agent and the other ABL Claimholders may seek, without objection from Notes Claimholders, adequate protection with respect to their rights in the ABL Priority Collateral; provided that if any of Notes Agent, the Notes Claimholders, ABL Agent
or the ABL Claimholders are granted adequate protection in the form of a replacement or additional Lien (on existing or future assets of Grantors), claim, payment or otherwise, such replacement or additional Lien or other adequate protection shall
be subject to the terms of this Agreement. 
 (c) Neither Notes Agent nor any other Notes Claimholder shall object to, oppose, or challenge
any claim or order by ABL Agent or any other ABL Claimholder for allowance or payment, including, without limitation, current payment, in any Insolvency Proceeding of ABL Obligations consisting of post-petition interest, fees, or expenses with the
ABL Priority Collateral (so long as any post-petition interest paid as a result thereof is not paid from the proceeds of Notes Priority Collateral) or with any advances made pursuant to any ABL DIP Financing or for relief through the automatic stay
with respect to the ABL Priority Collateral. 
 (d) Neither ABL Agent nor any other ABL Claimholder shall object to, oppose, or challenge any
claim or order by Notes Agent or any other Notes Claimholder for allowance or payment, including, without limitation, current payment, in any Insolvency Proceeding of Notes Obligations consisting of post-petition interest, fees, or expenses with the
Notes Priority Collateral (so long as any post-petition interest paid as a result thereof is not paid from the proceeds of ABL Priority Collateral) or with any advances made pursuant to any Notes DIP Financing or for relief through the automatic
stay with respect to the Notes Priority Collateral. 
 (e) Notes Agent, for itself and on behalf of the other Notes Claimholders, may seek
adequate protection of its junior interest in the ABL Priority Collateral, subject to the provisions of this Agreement (including Section 6.5(a) above); provided that (x) ABL Agent is granted adequate protection
in the form of a senior replacement or additional Lien on post-petition assets of the same type as the ABL Priority Collateral and (y) such adequate protection required by Notes Agent is in the form of a junior replacement or additional Lien on
post-petition assets of the same type as the ABL Priority Collateral. 
 (f) Nothing in this Agreement shall prohibit or restrict ABL Agent,
for itself and on behalf of the other ABL Claimholders, from seeking and retaining adequate protection in the form of a junior priority additional Lien on any Notes Priority Collateral or on post-petition assets of the same type as the Notes
Priority Collateral. 
 (g) Neither Notes Agent nor any other Notes Claimholder shall object to, oppose, or challenge any claim by ABL Agent
or any other ABL Claimholder for allowance in any Insolvency Proceeding of ABL Obligations consisting of post-petition interest, fees, or expenses. 

  
 40 

 (h) Neither ABL Agent nor any other ABL Claimholder shall object to, oppose, or challenge any
claim by Notes Agent or any other Notes Claimholder for allowance in any Insolvency Proceeding of Notes Obligations consisting of post-petition interest, fees, or expenses. 

6.6 Section 1111(b) of the Bankruptcy Code. 

(a) Notes Agent, for itself and on behalf of the other Notes Claimholders, shall not object to, oppose, support any objection to, or take any
other action to impede, the right of any ABL Claimholder to make an election under Section 1111(b)(2) of the Bankruptcy Code. Notes Agent, for itself and on behalf of the other Notes Claimholders, waives any claim they may hereafter have
against any ABL Claimholder arising out of the election by any ABL Claimholder of the application of Section 1111(b)(2) of the Bankruptcy Code and Section 364 of the Bankruptcy Code. 

(b) ABL Agent, for itself and on behalf of the other ABL Claimholders, shall not object to, oppose, support any objection to, or take any other
action to impede, the right of any Notes Claimholder to make an election under Section 1111(b)(2) of the Bankruptcy Code. ABL Agent, for itself and on behalf of the other ABL Claimholders, waives any claim they may hereafter have against any
Notes Claimholder arising out of the election by any Notes Claimholder of the application of Section 1111(b)(2) of the Bankruptcy Code and Section 364 of the Bankruptcy Code. 

6.7 No Waiver. Except as set forth in this Agreement, nothing contained herein shall prohibit or in any way limit any Agent or any
Claimholder from objecting in any Insolvency Proceeding involving a Grantor to any action taken by the other Agent or any other Claimholders, including the seeking by the other Agent or any other Claimholder of adequate protection or the assertion
by the other Agent or any other Claimholders of any of its rights and remedies under the ABL Loan Documents, the Notes Documents or the Other Pari Passu Lien Obligations Agreement, as applicable. 

6.8 Avoidance Issues. If any Claimholder is required in any Insolvency Proceeding or otherwise to turn over, disgorge or otherwise pay
to the estate of any Grantor any amount paid in respect of the Obligations of such Claimholder (a “Recovery”), then such Claimholders shall be entitled to a reinstatement of the applicable Obligations with respect to all such
recovered amounts, and all rights, interests, priorities and privileges recognized in this Agreement shall apply with respect to any such Recovery. If this Agreement shall have been terminated prior to such Recovery, this Agreement shall be
reinstated in full force and effect, and such prior termination shall not diminish, release, discharge, impair, or otherwise affect the obligations of the parties hereto from such date of reinstatement. 

6.9 Plan of Reorganization. 

(a) If, in any Insolvency Proceeding involving a Grantor, debt obligations of the reorganized debtor secured by Liens upon any property of the
reorganized debtor are distributed or reinstated (in whole or in part) pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of ABL Obligations and on account of Notes

  
 41 

 
Obligations, then, to the extent the debt obligations distributed on account of the ABL Obligations and on account of the Notes Obligations are secured by Liens upon the same property, the
provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations. 

(b) No Claimholder shall propose or support any plan of reorganization that is inconsistent with the priorities or other provisions of this
Agreement. 
 6.10 Separate Grants of Security and Separate Classification. ABL Agent, on behalf of the ABL Claimholders, and Notes
Agent, on behalf of the Notes Claimholders, acknowledge and intend that the respective grants of Liens pursuant to the ABL Collateral Documents and the Notes Collateral Documents constitute two separate and distinct grants of Liens, and because of,
among other things, their differing rights in the Collateral (i) the Notes Obligations are fundamentally different from the ABL Obligations and (ii) the ABL Obligations are fundamentally different from the Notes Obligations and, in each
case, must be separately classified in any plan of reorganization proposed or confirmed (or approved) in an Insolvency Proceeding. To further effectuate the intent of the parties as provided in the immediately preceding sentence, if it is held that
the claims of the ABL Claimholders and the Notes Claimholders in respect of the Collateral constitute claims in the same class (rather than at least two separate classes of secured claims with the priorities described in
Section 2.1), then the ABL Claimholders and the Notes Claimholders hereby acknowledge and agree that all distributions shall be made as if there were two separate classes of ABL Obligations and Notes Obligations (with the
effect being that, to the extent that (i) the aggregate value of the ABL Claimholders’ ABL Priority Collateral is sufficient (for this purpose ignoring all claims held by the Notes Claimholders thereon), the ABL Claimholders shall be
entitled to receive, in addition to amounts distributed to them in respect of principal, pre-petition interest and other claims, all amounts owing in respect of post-petition interest, fees or expenses that is
available from their ABL Priority Collateral (regardless of whether any such claims may or may not be allowed or allowable in whole or in part as against the Grantor in the respective Insolvency Proceeding pursuant to Section 506(b) of the
Bankruptcy Code or otherwise), before any distribution is made in respect of the Notes Obligations with respect to such Collateral, with each Notes Claimholder acknowledging and agreeing to turn over to ABL Agent with respect to such Collateral
amounts otherwise received or receivable by them to the extent necessary to effectuate the intent of this sentence, even if such turnover has the effect of reducing the aggregate recoveries of the Notes Obligations and (ii) the aggregate value
of the Notes Claimholders’ Notes Priority Collateral is sufficient (for this purpose ignoring all claims, if any, held by the ABL Claimholders thereon), the Notes Claimholders shall be entitled to receive, in addition to amounts distributed to
them in respect of principal, pre-petition interest and other claims, all amounts owing in respect of post-petition interest, fees or expenses that is available from their Notes Priority Collateral (regardless
of whether any such claims may or may not be allowed or allowable in whole or in part as against the Grantor in the respective Insolvency Proceeding pursuant to Section 506(b) of the Bankruptcy Code or otherwise), before any distribution is
made in respect of the ABL Obligations with respect to such Collateral, with each ABL Claimholder acknowledging and agreeing to turn over to Notes Agent with respect to such Collateral amounts otherwise received or receivable by them to the extent
necessary to effectuate the intent of this sentence, even if such turnover has the effect of reducing the aggregate recoveries of the ABL Obligations). 

  
 42 

 SECTION 7. Reliance; Waivers; Etc. 

7.1 Reliance. Other than any reliance on the terms of this Agreement, ABL Agent, on behalf of the ABL Claimholders, acknowledges that it
and the other ABL Claimholders have, independently and without reliance on Notes Agent or any other Notes Claimholders, and based on documents and information deemed by them appropriate, made their own credit analysis and decision to enter into of
the ABL Loan Documents and be bound by the terms of this Agreement and they will continue to make their own credit decision in taking or not taking any action under the ABL Loan Documents or this Agreement. Other than any reliance on the terms of
this Agreement, Notes Agent, on behalf of the other Notes Claimholders, acknowledges that the other Notes Claimholders have, independently and without reliance on ABL Agent or any other ABL Claimholder, and based on documents and information deemed
by them appropriate, made their own credit analysis and decision to enter into (or cause the Notes Collateral Agent to enter into) each of the Notes Documents or the Other Pari Passu Lien Obligations Agreement and be bound by the terms of this
Agreement and they will continue to make their own credit decision in taking or not taking any action under the Notes Documents, the Other Pari Passu Lien Obligations Agreement or this Agreement. 

7.2 No Warranties or Liability. ABL Agent, on behalf of the ABL Claimholders, acknowledges and agrees that Notes Agent and each of the
other Notes Claimholders have made no express or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectability, or enforceability of any of the Notes Documents, any Other Pari Passu
Lien Obligations Agreement, the ownership of any Collateral, or the perfection or priority of any Liens thereon. Except as otherwise expressly provided herein, Notes Agent and the other Notes Claimholders will be entitled to manage and supervise
their respective loans and extensions of credit under the Notes Documents or the Other Pari Passu Lien Obligations Agreement in accordance with law and as they may otherwise, in their sole discretion, deem appropriate. Notes Agent, on behalf of the
Notes Claimholders, acknowledges and agrees that ABL Agent and each of the other ABL Claimholders have made no express or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectability,
or enforceability of any of the ABL Loan Documents, the ownership of any Collateral, or the perfection or priority of any Liens thereon. Except as otherwise expressly provided herein, ABL Agent and the other ABL Claimholders will be entitled to
manage and supervise their respective loans and extensions of credit under the ABL Loan Documents in accordance with law and as they may otherwise, in their sole discretion, deem appropriate. Except as expressly provided herein, Notes Agent and
other Notes Claimholders shall have no duty to ABL Agent or any other ABL Claimholders, and ABL Agent and the other ABL Claimholders shall have no duty to Notes Agent or any other Notes Claimholders, to act or refrain from acting in a manner that
allows, or results in, the occurrence or continuance of an event of default or default under any agreements with any Grantor (including the ABL Loan Documents, the Notes Documents and the Other Pari Passu Lien Obligations Agreement), regardless of
any knowledge thereof which they may have or be charged with. Notes Agent hereby waives to the fullest extent permitted by law any claim that may be had against ABL Agent or any other ABL Claimholder in the absence of gross negligence or willful
misconduct arising out of any actions which ABL Agent or such other ABL Claimholder takes or omits to take (including actions with respect to the creation, perfection or continuation of Liens on any Collateral, actions with respect to the
foreclosure upon, sale, release 

  
 43 

 
or depreciation of, or failure to realize upon, any of the Collateral and actions with respect to the collection of any claim for all or any part of the ABL Obligations from any account debtor,
guarantor or any other party), or the valuation, use, protection or release of any security for such ABL Obligations. ABL Agent hereby waives to the fullest extent permitted by law any claim that may be had against Notes Agent or any other Notes
Claimholder arising out of any actions which Notes Agent or such Notes Claimholder takes or omits to take (including actions with respect to the creation, perfection or continuation of Liens on any Collateral, actions with respect to the foreclosure
upon, sale, release or depreciation of, or failure to realize upon, any of the Collateral and actions with respect to the collection of any claim for all or any part of the Notes Obligations from any account debtor, guarantor or any other party), or
the valuation, use, protection or release of any security for such Notes Obligations. 
 7.3 No Waiver of Lien Priorities. 

(a) No right of ABL Claimholders, ABL Agent or any of them to enforce any provision of this Agreement or any ABL Loan Document shall at any
time in any way be prejudiced or impaired by any act or failure to act on the part of any Grantor or by any act or failure to act by any ABL Claimholder or ABL Agent, or by any noncompliance by any person with the terms, provisions, and covenants of
this Agreement, any of the ABL Loan Documents, any of the Notes Documents or the Other Pari Passu Lien Obligations Agreement, regardless of any knowledge thereof which ABL Agent or other ABL Claimholders, or any of them, may have or be otherwise
charged with. No right of Notes Claimholders, Notes Agent or any of them to enforce any provision of this Agreement, any Notes Document or any Other Pari Passu Lien Obligations Agreement shall at any time in any way be prejudiced or impaired by any
act or failure to act on the part of any Grantor or by any act or failure to act by any Notes Claimholder or Notes Agent, or by any noncompliance by any person with the terms, provisions, and covenants of this Agreement, any of the Notes Documents,
any of the ABL Loan Documents or the Other Pari Passu Lien Obligations Agreement, regardless of any knowledge thereof which Notes Agent or other Notes Claimholders, or any of them, may have or be otherwise charged with. 

(b) Without in any way limiting the generality of the foregoing paragraph (but subject to any rights of Grantors under the ABL Loan Documents,
the Notes Documents and the Other Pari Passu Lien Obligations Agreement and subject to the provisions of Section 5.3(a)), ABL Claimholders, ABL Agent and any of them may, at any time and from time to time in accordance with
the ABL Loan Documents and/or applicable law, without the consent of, or notice to, Notes Agent or any other Notes Claimholders, without incurring any liabilities to Notes Agent or any Notes Claimholders and without impairing or releasing the Lien
priorities and other benefits provided in this Agreement (even if any right of subrogation or other right or remedy of Notes Agent or any other Notes Claimholders is affected, impaired, or extinguished thereby) do any one or more of the following:

 (i) change the manner, place, or terms of payment or change or extend the time of payment of, or amend, renew, exchange,
increase, or alter, the terms of any of the ABL Obligations or any Lien on any ABL Collateral or guarantee thereof or any liability of any Grantor, or any liability incurred directly or indirectly in respect thereof (including any increase in or
extension of the ABL Obligations, without any restriction as 

  
 44 

 
to the tenor or terms of any such increase or extension) or otherwise amend, renew, exchange, extend, modify, or supplement in any manner any Liens held by ABL Agent or any other ABL
Claimholders, the ABL Obligations, or any of the ABL Loan Documents; 
 (ii) sell, exchange, release, surrender, realize
upon, enforce or otherwise deal with in any manner and in any order any part of the ABL Priority Collateral or any liability of any Grantor to ABL Claimholders or ABL Agent, or any liability incurred directly or indirectly in respect thereof; 

(iii) settle or compromise any ABL Obligation or any other liability of any Grantor or any security therefor or any liability
incurred directly or indirectly in respect thereof and apply any sums by whomsoever paid and however realized to any liability (including the ABL Obligations) in any manner or order that is not inconsistent with the terms of this Agreement; and 

(iv) exercise or delay in or refrain from exercising any right or remedy against any Grantor or any other person, elect any
remedy and otherwise deal freely with any Grantor or any ABL Priority Collateral and any security and any guarantor or any liability of any Grantor to ABL Claimholders or any liability incurred directly or indirectly in respect thereof. 

(c) Except as otherwise provided herein, Notes Agent also agrees that ABL Claimholders and ABL Agent shall have no liability to Notes Agent or
any other Notes Claimholders, and Notes Agent hereby waives any claim against any ABL Claimholder or any other ABL Agent arising out of any and all actions which ABL Claimholders or ABL Agent may, pursuant to the terms hereof, take, permit or omit
to take with respect to: 
 (i) the ABL Loan Documents; 

(ii) the collection of the ABL Obligations; or 

(iii) the foreclosure upon, or sale, liquidation, or other Disposition of, or the failure to foreclose upon, or sell,
liquidate, or otherwise Dispose of, any ABL Priority Collateral. Notes Agent agrees that ABL Claimholders and ABL Agent have no duty to the Notes Claimholders in respect of the maintenance or preservation of the ABL Priority Collateral, the ABL
Obligations, or otherwise. 
 (d) Subject to any rights of Grantors under the Notes Documents and subject to the provisions of
Section 5.3(b), Notes Agent may, at any time and from time to time in accordance with the Notes Documents and/or applicable law, without the consent of, or notice to, ABL Agent or any other ABL Claimholders, without
incurring any liabilities to ABL Agent or any other ABL Claimholders and without impairing or releasing the Lien priorities and other benefits provided in this Agreement (even if any right of subrogation or other right or remedy of ABL Agent or any
other ABL Claimholders is affected, impaired, or extinguished thereby) do any one or more of the following: 

  
 45 

 (i) change the manner, place, or terms of payment or change or extend the time of
payment of, or amend, renew, exchange, increase, or alter, the terms of any of the Notes Obligations or any Lien on any Notes Collateral or guarantee thereof or any liability of any Grantor, or any liability incurred directly or indirectly in
respect thereof (including any increase in or extension of the Notes Obligations, without any restriction as to the tenor or terms of any such increase or extension) or otherwise amend, renew, exchange, extend, modify, or supplement in any manner
any Liens held by Notes Agent or any other Notes Claimholders, the Notes Obligations, or any of the Notes Loan Documents; 

(ii) subject to Section 3.8, sell, exchange, release, surrender, realize upon, enforce or otherwise
deal with in any manner and in any order any part of the Notes Priority Collateral or any liability of any Grantor to Notes Claimholders or Notes Agent, or any liability incurred directly or indirectly in respect thereof; 

(iii) settle or compromise any Notes Obligation or any other liability of any Grantor or any security therefor or any liability
incurred directly or indirectly in respect thereof and apply any sums by whomsoever paid and however realized to any liability (including the Notes Obligations) in any manner or order that is not inconsistent with the terms of this Agreement; and

 (iv) exercise or delay in or refrain from exercising any right or remedy against any Grantor or any other person, elect
any remedy and otherwise deal freely with any Grantor or any Notes Priority Collateral and any security and any guarantor or any liability of any Grantor to Notes Agent or other Notes Claimholders or any liability incurred directly or indirectly in
respect thereof. 
 (e) Except as otherwise provided herein, ABL Agent also agrees that Notes Claimholders and Notes Agent shall have no
liability to ABL Agent or any other ABL Claimholders, and ABL Agent hereby waives any claim against any Notes Claimholder or Notes Agent, arising out of any and all actions which Notes Claimholders or Notes Agent may, pursuant to the terms hereof,
take, permit or omit to take with respect to: 
 (i) the Notes Documents or the Other Pari Passu Lien Obligations Agreement;

 (ii) the collection of the Notes Obligations; or 

(iii) the foreclosure upon, or sale, liquidation, or other Disposition of, or the failure to foreclose upon, or sell,
liquidate, or otherwise Dispose of, any Notes Priority Collateral. ABL Agent agrees that Notes Claimholders and Notes Agent have no duty to the ABL Claimholders in respect of the maintenance or preservation of the Notes Priority Collateral, the
Notes Obligations, or otherwise. 
 (f) Until the Discharge of ABL Obligations and the Discharge of Notes Obligations, each of ABL Agent and
Notes Agent agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead, or otherwise assert, or otherwise claim the benefit of, any marshaling, appraisal, valuation, or other similar right
that may otherwise be available under applicable law with respect to the other Agent’s Priority Collateral or any other similar rights a junior secured creditor may have under applicable law. 

  
 46 

 7.4 Obligations Unconditional. For so long as this Agreement is in full force and effect,
all rights, interests, agreements and obligations of ABL Agent and other ABL Claimholders and Notes Agent and other Notes Claimholders, respectively, hereunder shall remain in full force and effect irrespective of: 

(a) any lack of validity or enforceability of any ABL Loan Documents, any Notes Documents or the Other Pari Passu Lien Obligations Agreement;

 (b) except as otherwise expressly restricted or provided in this Agreement, any change in the time, manner, or place of payment of, or in
any other terms of, all or any of the ABL Obligations or Notes Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any ABL Loan
Document, any Notes Document or the Other Pari Passu Lien Obligations Agreement; 
 (c) except as otherwise expressly restricted in this
Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the ABL Obligations or Notes
Obligations or any guarantee thereof, 
 (d) the commencement of any Insolvency Proceeding in respect of any Grantor; or 

(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Grantor in respect of ABL Agent,
the ABL Obligations, any ABL Claimholder, Notes Agent, the Notes Obligations or any Notes Claimholder in respect of this Agreement. 
 SECTION 8.
Representations and Warranties. 
 8.1 Representations and Warranties of Each Party. Each party hereto represents and
warrants to the other parties hereto as follows: 
 (a) Such party is duly organized, validly existing and in good standing under the laws of
the jurisdiction of its organization and has all requisite power and authority to execute and deliver this Agreement and to perform its obligations hereunder. 

(b) This Agreement has been duly executed and delivered by such party and constitutes a legal, valid and binding obligation of such party,
enforceable in accordance with its terms, subject to the effect of (i) bankruptcy, insolvency or similar laws affecting generally the enforcement of creditors’ rights as such laws would apply in the event of any bankruptcy,
receivership, insolvency or similar event applicable to it and (ii) to general equitable principles (whether enforceability of such principles is considered in a proceeding at law or in equity). 

(c) The execution, delivery, and performance by such party of this Agreement (i) do not require any consent or approval of, registration
or filing with or any other action by any governmental authority and (ii) will not violate any provision of law, statute, rule or regulation, or of the certificate or articles of incorporation or other constitutive documents or by-laws of such
party or any order of any governmental authority or any provision of any indenture, agreement or other instrument binding upon such party. 

  
 47 

 8.2 Representations and Warranties of Each Agent. ABL Agent and Notes Agent each
represents and warrants to the other that it has been authorized and instructed by ABL Lenders or holders of the Notes, as applicable, under the ABL Credit Agreement or the Indenture, as applicable, to enter into this Agreement. 

SECTION 9. Miscellaneous. 

9.1 Conflicts. Except to the extent expressly provided in Section 9.15, in the event of any conflict between
the provisions of this Agreement and the provisions of any of the ABL Loan Documents or any of the Notes Documents or the Other Pari Passu Lien Obligations Agreement, the provisions of this Agreement shall govern and control; provided that nothing
in this Intercreditor Agreement, as between the Notes Agent, the other Notes Claimholders and the Grantors, shall be deemed to waive any rights, protections, privileges, immunities or indemnities of the Notes Agent as set forth in the Indenture, the
other Notes Documents and the Other Pari Passu Lien Obligations Agreement. 
 9.2 Effectiveness; Continuing Nature of this Agreement;
Severability. This Agreement shall become effective when executed and delivered by the parties hereto. This is a continuing agreement of lien subordination (as opposed to debt or claim subordination) and ABL Claimholders may continue, at any
time and without notice to Notes Agent or any other Notes Claimholder, to extend credit and other financial accommodations to or for the benefit of any Grantor constituting ABL Obligations in reliance hereof. Each of Notes Agent and ABL Agent hereby
waives any right it may have under applicable law to revoke this Agreement or any of the provisions of this Agreement. The terms of this Agreement shall survive, and shall continue in full force and effect, in any Insolvency Proceeding. Consistent
with, but not in limitation of, the preceding sentence, ABL Agent and the Notes Agent, on behalf of the applicable Claimholders, irrevocably acknowledges that this Agreement constitutes a “subordination agreement” within the meaning of
both New York law and Section 510(a) of the Bankruptcy Code. Any provision of this Agreement that is prohibited or unenforceable shall not invalidate the remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. All references to any Grantor shall include such Grantor as debtor and
debtor-in-possession and any receiver or trustee for such Grantor in any Insolvency Proceeding. This Agreement shall terminate and be of no further force and effect:

 (a) with respect to ABL Agent, ABL Claimholders, and the ABL Obligations, on the date that the Discharge of ABL Obligations has occurred;
and 
 (b) with respect to Notes Agent, Notes Claimholders, and the Notes Obligations, on the date that the Discharge of Notes Obligations
has occurred. 

  
 48 

 9.3 Amendments; Waivers. Except as provided in the last three sentences of this Section,
no amendment, modification, or waiver of any of the provisions of this Agreement shall be effective unless the same shall be in writing signed on behalf of each party hereto or its authorized agent and each waiver, if any, shall be a waiver only
with respect to the specific instance involved and shall in no way impair the rights of the parties making such waiver or the obligations of the other parties to such party in any other respect or at any other time. Any amendments, modifications or
waivers can be effected by ABL Agent, at the direction of the requisite ABL Claimholders under the ABL Credit Agreement, and by Notes Agent, at the direction of the requisite Notes Claimholders under the Indenture. Notwithstanding the foregoing,
(i) the consent of the Grantors shall be required for any amendment, modification or waiver of any provision of this Agreement to the extent such amendment, modification or waiver (x) adversely affects its rights hereunder, under the ABL
Loan Documents, under the Notes Documents (including its rights pursuant to this Section 9.3) or under the Other Pari Passu Lien Obligations Agreement or (y) imposes any additional duties on the Grantors hereunder,
under the ABL Loan Documents, under the Notes Documents or under the Other Pari Passu Lien Obligations Agreement, (ii) any Other Pari Passu Lien Obligations Agent, on behalf of itself and such holders of Other Pari Passu Lien Obligations, may
become a party to this Agreement, without any further action by any other party hereto, upon execution and delivery by the Grantors and such Other Pari Passu Lien Obligations Agent of a properly completed joinder agreement (in form and substance
reasonably satisfactory to each of ABL Agent and Notes Agent) to each of the other parties hereto and delivery to Notes Agent by Company of an Officers’ Certificate (as defined in the Indenture), upon which Notes Agent is entitled to
conclusively rely, certifying that such obligations are permitted by the Indenture to be included hereunder as Other Pari Passu Lien Obligations and that such joinder complies with the conditions and covenants in the Indenture and the Notes
Collateral Documents, (iii) any duly appointed agent for the holders of ABL Obligations in lieu of the ABL Agent, on behalf of itself and such holders, may become a party to this Agreement, without any further action by any other party hereto,
upon execution and delivery by the Grantors and such agent of a properly completed joinder agreement (in form and substance reasonably satisfactory to each of such agent, Notes Agent and the Company) to each of the other parties hereto and delivery
to Notes Agent by Issuer of an Officers’ Certificate (as defined in the Indenture), upon which Notes Agent is entitled to conclusively rely, certifying that such obligations are permitted by the Indenture to be included hereunder as ABL
Obligations, and that such joinder complies with the conditions and covenants in the Indenture and the Notes Collateral Documents, (iv) technical modifications may be made to this Agreement to facilitate the inclusion of Other Pari Passu Lien
Obligations without any further action by any other party hereto to the extent such Other Pari Passu Lien Obligations are permitted to be incurred under the ABL Loan Documents, the Notes Documents and the Other Pari Passu Lien Obligations Agreement
and (v) technical modifications may be made to this Agreement to facilitate the inclusion of ABL Obligations described in clause (ii) of the definition thereof without any further action by any other party hereto to the extent such
Obligations are permitted to be incurred under the ABL Loan Documents, the Notes Documents and the Other Pari Passu Lien Obligations Agreement. In connection with any Refinancing of the Notes Obligations or ABL Obligations pursuant to
Section 5.3(a) or 5.3(b), as applicable, this Agreement may be amended at the request and sole expense of the Grantors, and without the consent of either ABL Agent or Notes Agent, (i) to add parties (or any
authorized agent or trustee therefor) providing any such Refinancing, (ii) to establish that Liens on any Notes Priority Collateral securing such Refinanced debt shall have the same priority as the Liens on any Notes Priority Collateral
securing the debt being Refinanced and (iii) to establish that the Liens on any ABL Priority Collateral securing such Refinanced debt shall have the same priority 

  
 49 

 
as the Liens on any ABL Priority Collateral securing the debt being Refinanced. Notwithstanding anything to the contrary in this Agreement, this Agreement may be amended from time to time at the
sole request and expense of the Company, (x) as set forth in the second paragraph of Section 9.01 of the Indenture, without the consent of Notes Agent, and (y) as set forth in the second paragraph of such
Section 9.01 as in effect on the date hereof, without the consent of ABL Agent. If the ABL Credit Agreement is Refinanced as provided in Section 5.5(a) hereof and such Refinanced ABL Credit
Agreement is secured by a Lien on the Notes Priority Collateral, the provisions of this Agreement may be amended by the Company without the consent of any other party hereto in order to provide reciprocal rights and obligations with respect to the
junior Lien of the ABL Claimholders under the Refinanced ABL Credit Agreement on the Notes Priority Collateral as are applicable to the junior Lien of the Notes Claimholders on the ABL Priority Collateral hereunder. 

9.4 Information Concerning Financial Condition of the Grantors. ABL Agent and the other ABL Claimholders shall be responsible for
keeping themselves informed of (a) the financial condition of the Grantors and all endorsers and/or guarantors of the ABL Obligations and (b) all other circumstances bearing upon the risk of nonpayment of the ABL Obligations. ABL Agent and
the other ABL Claimholders shall have no duty to advise Notes Agent or any Notes Claimholder of information known to it or them regarding such condition or any such circumstances or otherwise. Notes Agent and the other Notes Claimholders shall have
no duty to advise ABL Agent or any other ABL Claimholder of information known to it or them regarding such condition or any such circumstances or otherwise. In the event ABL Agent or any other ABL Claimholders, or Notes Agent or any other Notes
Claimholders, in its or their sole discretion, undertakes at any time or from time to time to provide any such information to any other party to this Agreement, it or they shall be under no obligation: 

(a) to make, and ABL Agent and the other ABL Claimholders, or Notes Agent and the other Notes Claimholders, as the case may be, shall not make,
any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness, or validity of any such information so provided; 

(b) to provide any additional information or to provide any such information on any subsequent occasion; 

(c) to undertake any investigation; or 

(d) to disclose any information, which pursuant to accepted or reasonable commercial practices, such party wishes to maintain confidential or
is otherwise required to maintain confidential. 
 9.5 Subrogation. (a) With respect to any payments or distributions in cash,
property, or other assets that any Notes Claimholders or Notes Agent pays over to ABL Agent or ABL Claimholders under the terms of this Agreement, Notes Claimholders and Notes Agent shall be subrogated to the rights of ABL Agent and the other ABL
Claimholders and (b) with respect to any payments or distributions in cash, property, or other assets that any ABL Claimholders or ABL Agent pay over to Notes Agent or the other Notes Claimholders under the terms of this Agreement, ABL
Claimholders and ABL Agent shall be subrogated to the rights of Notes Agent 

  
 50 

 
and the other Notes Claimholders; provided, however, that, ABL Agent and Notes Agent each hereby agrees not to assert or enforce any such rights of subrogation it may acquire as a
result of any payment hereunder until the Discharge of ABL Obligations or Discharge of Notes Obligations, as applicable, has occurred. Any payments or distributions in cash, property or other assets received by ABL Agent or the other ABL
Claimholders that are paid over to Notes Agent or the other Notes Claimholders pursuant to this Agreement shall not reduce any of the ABL Obligations. Any payments or distributions in cash, property or other assets received by Notes Agent or the
other Notes Claimholders that are paid over to ABL Agent or ABL Claimholders pursuant to this Agreement shall not reduce any of the Notes Obligations. Notwithstanding the foregoing provisions of this Section 9.5, none of
the ABL Claimholders shall have any claim against any of the Notes Claimholders for any impairment of any subrogation rights herein granted to the Notes Claimholders and none of the Notes Claimholders shall have any claim against any of the ABL
Claimholders for any impairment of any subrogation rights herein granted to the ABL Claimholders. 
 9.6 SUBMISSION TO JURISDICTION;
WAIVERS. 
 (a) ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY PARTY ARISING OUT OF OR RELATING HERETO SHALL BE BROUGHT IN ANY STATE OR
FEDERAL COURT OF COMPETENT JURISDICTION IN THE STATE, COUNTY, AND CITY OF NEW YORK. BY EXECUTING AND DELIVERING THIS AGREEMENT, EACH PARTY, FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, IRREVOCABLY: 

(i) ACCEPTS GENERALLY AND UNCONDITIONALLY THE JURISDICTION AND VENUE OF SUCH COURTS; 

(ii) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS; 

(iii) AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE BY REGISTERED OR CERTIFIED
MAIL, RETURN RECEIPT REQUESTED, TO THE APPLICABLE PARTY AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 9.7; AND 

(iv) AGREES THAT SERVICE AS PROVIDED IN CLAUSE (iii) ABOVE IS SUFFICIENT TO CONFER PERSONAL JURISDICTION
OVER THE APPLICABLE PARTY IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT. 

(b) EACH OF THE PARTIES HERETO (INCLUDING THE PARENT ON BEHALF OF ITSELF AND ITS SUBSIDIARIES) HEREBY WAIVES ITS RESPECTIVE RIGHTS TO A JURY
TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING HEREUNDER. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE
SUBJECT MATTER 

  
 51 

 
HEREOF, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO
ENTER INTO A BUSINESS RELATIONSHIP THAT EACH HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT, AND THAT EACH WILL CONTINUE TO RELY ON THIS WAIVER IN ITS RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER WARRANTS AND REPRESENTS THAT
IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE; MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN
WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION 9.6(b) AND EXECUTED BY ABL AGENT AND NOTES AGENT), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS, OR MODIFICATIONS HERETO.
IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 
 9.7 Notices. All notices
to Notes Claimholders and ABL Claimholders permitted or required under this Agreement shall also be sent to Notes Agent and ABL Agent, respectively. Unless otherwise specifically provided herein, any notice hereunder shall be in the English
language, in writing and may be personally served or sent by facsimile or United States mail or courier service or electronic mail and shall be deemed to have been given when delivered in person or by courier service and signed for against receipt
thereof, upon receipt of facsimile or electronic mail, otherwise upon receipt thereof. For the purposes hereof, the addresses of the parties hereto shall be as may be designated by such party in a written notice to all of the other parties. Grantors
shall provide written notice to ABL Agent within ten (10) business days after Grantors receive notice from Notes Agent of the Discharge of Notes Obligations and shall provide written notice to Notes Agent within ten (10) business days
after Grantors receive notice from ABL Agent of the Discharge of ABL Obligations. 
 9.8 Further Assurances. ABL Agent and Notes
Agent each agrees to take such further action and shall execute and deliver such additional documents and instruments (in recordable form, if requested) as ABL Agent or Notes Lien Agent may reasonably request to effectuate the terms of and the Lien
priorities contemplated by this Agreement. 
 9.9 APPLICABLE LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND SHALL BE
CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 9.10 Binding on Successors and Assigns. This
Agreement shall be binding upon ABL Agent, ABL Claimholders, Notes Agent, Notes Claimholders, and their respective successors and assigns. 

9.11 Headings. Section headings in this Agreement are included herein for convenience of reference only and shall not constitute a part
of this Agreement for any other purpose or be given any substantive effect. 

  
 52 

 9.12 Counterparts. This Agreement may be executed in counterparts (and by different
parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Agreement or any document
or instrument delivered in connection herewith by telecopy or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Agreement or such other document or instrument, as applicable. 

9.13 No Third Party Beneficiaries. This Agreement and the rights and benefits hereof shall inure to the benefit of each of the parties
hereto and its respective successors and assigns and shall inure to the benefit of and bind each of ABL Claimholders and Notes Claimholders. In no event shall any Grantor be a third party beneficiary of this Agreement. Notwithstanding the foregoing,
the Grantors shall be express third party beneficiaries of, and shall be entitled to enforce, this Section 9.13 and Sections 5.3(a) and (b), 5.4(a), 5.4(d), 5.5, 9.3 and
9.10. 
 9.14 Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for
the purpose of defining the relative rights of ABL Agent and other ABL Claimholders on the one hand and Notes Agent and other Notes Claimholders on the other hand. No Grantor or any other creditor thereof shall have any rights hereunder and no
Grantor may rely on the terms hereof. Nothing in this Agreement shall impair, as between Grantors and ABL Agent and the other ABL Claimholders, or as between Grantors and Notes Agent and the other Notes Claimholders, the obligations of Grantors to
pay principal, interest, fees and other amounts as provided in the ABL Loan Documents, the Notes Documents and the Other Pari Passu Lien Obligations Agreement, respectively. 

9.15 Costs and Attorneys Fees. In the event it becomes necessary for ABL Agent, any other ABL Claimholder, Notes Agent, or any other
Notes Claimholder to commence or become a party to any proceeding or action to enforce the provisions of this Agreement, the court or body before which the same shall be tried shall award to the prevailing party all costs and expenses thereof,
including reasonable attorneys fees, the usual and customary and lawfully recoverable court costs, and all other expenses in connection therewith (collectively, “Court Costs”); provided that in no event shall the ABL Agent or Notes Agent
be liable for such Court Costs, it being understood such Court Costs shall only be awarded to the extent (i) paid directly from the other ABL Claimholders or Notes Claimholders, as applicable, or (ii) paid from proceeds from Collateral
available to the ABL Agent or Notes Agent, as applicable, in its capacity as such. 
 9.16 Specific Performance. Each of ABL Agent
and Notes Agent may demand specific performance of this Agreement. ABL Agent, on behalf of itself and the other ABL Claimholders, and Notes Agent, on behalf of itself and the Notes, hereby irrevocably waive any defense based on the adequacy of a
remedy at law and any other defense which might be asserted to bar the remedy of specific performance in any action which may be brought by ABL Agent or the other ABL Claimholders or Notes Agent or the other Notes Claimholders, as applicable.
Without limiting the generality of the foregoing or of the other provisions of this Agreement, in seeking specific performance in any Insolvency Proceeding, ABL Agent or Notes Agent may seek such or any other relief as if it were the
“holder” of the claims of the other agent’s Claimholders under Section 1126(a) of the Bankruptcy Code or otherwise had been granted an irrevocable power of attorney by the other Agent’s Claimholders. 

  
 53 

 9.17 Indenture and Notes Security Agreement Protections. In connection with its execution
and acting under this Agreement, Notes Agent is entitled to all rights, privileges, protections, immunities, benefits and indemnities provided to it under the Indenture and the Notes Security Agreement, all of which are incorporated by reference
herein mutatis mutandis. In connection with exercising any right or discretionary duty hereunder, the Notes Agent shall be entitled to request and rely upon the direction of those Persons entitled to direct the Notes Agent pursuant to the Notes
Documents unless the Collateral Agency Agreement is in effect, in which case the Notes Agent shall be entitled to request and rely upon the direction of those Persons entitled to direct the Notes Agent pursuant to the Collateral Agency Agreement.
The Notes Agent shall not be responsible for and makes no representation as to the validity or adequacy of this Agreement. 
 9.18 No
Trust or Fiduciary Relationship; Duties of the Notes Agent. (a) The Notes Agent shall not be deemed to be in a relationship of trust or confidence with the ABL Agent, any ABL Claimholders, or any other Person by reason of this Agreement, and
shall not owe any fiduciary, trust or other special duties to the ABL Agent, any ABL Claimholders, or any other Person by reason of this Agreement. 

(b) The parties hereto acknowledge that the Notes Agent’s duties do not include any discretionary authority, determination, control or
responsibility with respect to any Notes Collateral Documents or any Collateral, notwithstanding any rights or discretion that may be granted to the Notes Agent in this Agreement or in such other Notes Collateral Documents. 

(c) The Notes Agent shall be responsible only for the performance of such duties as are expressly set forth herein. 

[signature pages follow] 

  
 54 

 EXECUTION
VERSIONExecution Version 

INTERCREDITOR AGREEMENT 

This INTERCREDITOR AGREEMENT (this “Agreement”) is dated as of August 7, 2013, and entered into by and
between WELLS FARGO CAPITAL FINANCE,
INC.LLC, in its capacity as agent
under the ABL Loan Documents (as defined below), including its successors in such capacity from time to time (“ABL Agent”), and UMB BANK, N.A.WILMINGTON TRUST, NATIONAL ASSOCIATION, in its capacity as collateral agent under the Notes Documents (as defined below),
including its successors in such capacity from time to time (“Notes Agent”). 
 RECITALS 

LSB INDUSTRIES, INC., a Delaware corporation (the “Company”), certain direct and indirect Subsidiaries of the Company,
ABL Agent and the lenders party thereto from time have entered into that certain Third Amended and Restated Loan and
Security Agreement, dated November 5, 2007as
of January 17, 2017, providing for a revolving credit facility (as amended, supplemented, amended and restated or otherwise modified from time to time, the “ABL Credit Agreement”); 

The Company, UMB Bank, n.a.Wilmington Trust, National Association, as Trustee (the “Trustee”), Notes Agent and the Notes Guarantors (as
defined below), have entered into that certain
Indenture, dated as of the date hereof
(April 25, 2018 (as amended, supplemented, amended and restated or otherwise modified from time to time,
the “Indenture”), pursuant to which the Company’s 7.759.625% senior secured notes due 20192023 (the “Notes”) were
issued; 
 Pursuant to (i) Section 18 of the ABL Credit Agreement, the Company (with respect to primary obligations
of its Subsidiaries party thereto) and certain of its Subsidiaries (the Company and such Subsidiaries in such capacity, each, an “ABL Guarantor” and collectively, jointly and severally, the “ABL Guarantors”) have
guaranteed the Obligations (as defined in the ABL Credit Agreement) (the “ABL Guaranty”); and (ii) the Indenture, certain of the Company’s Subsidiaries (in such capacity, each, a “Notes Guarantor” and
collectively, jointly and severally, the “Notes Guarantors”; the Notes Guarantors, together with the
ABL Guarantors, each a “Guarantor” and collectively, jointly and severally, the “Guarantors”) have guaranteed the Obligations (as defined in the Indenture) under the Notes Documents; 

The obligations of (i) the Company under the ABL Credit Agreement and (ii) the ABL Guarantors under the ABL
Credit Agreement (including the ABL
Guaranty) are to be secured
(x) on a first-priority basis by Liens (as defined below) on the ABL Priority Collateral (as defined below) and (y) on a second-priority basis by Liens on the Notes Priority Collateral (as defined below); 

The obligations of the Company and the Notes Guarantors (other
than Zena Energy L.L.C. and El Dorado Nitrogen, L.P.) under the Indenture are to be secured (x) on a first-priority basis by Liens on the Notes Priority Collateral and (y) on a second-priority basis by Liens on the ABL
Priority Collateral; 

  
 1 

 The ABL Loan Documents and the Notes Documents provide, among other things, that the
parties thereto shall set forth in this Agreement their respective relative rights, priorities and remedies with respect to their respective security interests in the Collateral (as defined below) and certain other matters; and 
 ABL Agent and Notes Agent (at the deemed direction of the Holders of the Notes under the Indenture) have agreed to the intercreditor and other
provisions set forth in this Agreement in order to provide for the orderly sharing among them, in accordance with such priorities, of the proceeds of Collateral upon foreclosure thereupon or other disposition thereof.; and 

With respect to any Other
Pari Passu Lien Obligations incurred after the First Amendment Effective Date by the Company and the Notes Guarantors, the Other Pari Passu Lien Obligations Agent shall execute a joinder to this Agreement and enter into a pari passu intercreditor
and collateral agency agreement (the “Collateral Agency Agreement”) (or execute a joinder to any then-existing such agreement) governing the priorities and other relative rights among the Holders of the Notes under the Indenture and the
holders of the Other Pari Passu Lien Obligations. 
 AGREEMENT 

In consideration of the foregoing, the mutual covenants and obligations herein set forth and for other good and valuable consideration, the
sufficiency and receipt of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 
 SECTION 1.
Definitions; Rules of Construction. 
 1.1 UCC Terms. The following terms have the meanings given to them in the UCC and
terms used herein without definition that are defined in the UCC have the meanings given to them in the UCC (such meanings to be equally applicable to both the singular and plural forms of the terms defined): “account,” “account
debtor,” “chattel paper,” “commercial tort claim,” “deposit account,” “equipment,” “fixture,” “general intangible,” “goods,” “instruments,” “inventory,”
“letter-of-credit right,” “proceeds,” “record,” “securities account,” “security” and “supporting obligation”. 

1.2 Defined Terms. As used in this Agreement, the following terms shall have the following meanings: 

“ABL Agent” has the meaning set forth in the preamble to this Agreement. 

“ABL Claimholders” means, at any relevant time, the holders of ABL Obligations at that time, including ABL Agent, the
ABL Lenders, each Issuing Lender (as defined in the ABL Credit Agreement), each other Indemnified Person (as defined in the ABL Credit Agreement) and each other holder of any Obligation (as defined in the ABL Credit Agreement) of a Borrower (as
defined in the ABL Credit Agreement) including each Bank Product Provider with respect to Bank Product Obligations and Hedge Agreement Obligations. 

  
 2 

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

“ABL Collateral Documents” means the security agreements, pledge agreements, mortgagesMortgages, hypothecs, collateral
assignments, deeds of trust, deeds to secure debt and related agreements, and any other agreements, documents or instruments, in each case pursuant to which a Lien is granted to secure any ABL Obligations or under which rights or remedies with
respect to such Liens are governed. 
 “ABL Credit Agreement” has the meaning set forth in the recitals to
this Agreement. 
 “ABL Default” means any “Event of Default,” as such term is defined in any ABL
Loan Document. 
 “ABL Guaranty” has the meaning set forth in the recitals to this Agreement, but shall also
include each other guaranty made by any other guarantor in favor of ABL Agent. 
 “ABL Lenders” means the
“Lenders” as defined in the ABL Credit Agreement. 
 “ABL Loan Documents” means the ABL Collateral
Documents, the ABL Credit Agreement, the ABL Guaranty and each of the other Loan Documents (as defined in the ABL Credit Agreement). 

“ABL Obligations” means all obligations and all amounts owing, due or secured under the terms of the ABL Credit
Agreement, any Hedge Agreement, any Bank Product Agreement or any other ABL Loan Document, whether now existing or arising hereafter, including all principal, premium, interest, fees, attorneys’ fees, costs, charges, expenses, reimbursement
obligations, obligations to post cash collateral in respect of Letters of Credit, Bank Product Obligations, Hedge Agreement Obligations or indemnities in respect thereof, any other indemnities or guarantees, and all other amounts payable under or
secured by any ABL Loan Document (including, in each case, all Obligations (as such term is defined in the ABL Credit Agreement), all Bank Product Obligations, all Hedge Agreement Obligations, and all amounts accruing on or after the commencement of
any Insolvency Proceeding relating to any Grantor, or that would have accrued or become due under the terms of the ABL Loan Documents but for the effect of the Insolvency Proceeding and irrespective of whether a claim for all or any portion of such
amounts is allowable or allowed in such Insolvency Proceeding). 
 “ABL Priority Collateral” means all of
each Grantor’s right, title and interest in and to the following property of such Grantor, wherever located and whether now owned by such Grantor or hereafter acquired: 

(a) all accounts (except to the extent that such accounts constitute identifiable proceeds of equipment, Investment Related Property or Real
Estate Assets not otherwise identified as ABL Priority Collateral), and any and all supporting obligations in respect thereof; 

  
 3 

 (b) all
inventory;, including goods held for sale or lease
or to be furnished under a contract of service, goods that are leased by the Company or a Guarantor as lessor, goods that are furnished by the Company or a Guarantor under a contract of service, and raw materials, work in process or materials used
or consumed in the business of the Company or any Guarantor; 
 (c) all Books; 

(d) all Investment Related Property, but excluding the stock of the
Company, each Guarantor, El Dorado Nitrogen, L.P. and each of their respective subsidiaries; 
 (d) all general
intangibles other than (i) the Capital Stock of each limited liability company, limited partnership or other business entity owned by the Company or any Guarantor, and all supporting obligations in respect thereof and (ii) intellectual property;

 (e) all Investment Related Property other than (i) the Capital Stock of each corporation, limited liability company, limited partnership or
other business entity owned by the Company or any Guarantor, and all supporting obligations in respect thereof and (ii) investment property relating to or included in any account constituting identifiable proceeds of Note Priority
Collateral; 

(f) (e) all Letters of Credit, letter-of-credit rights, instruments, promissory notes, drafts, documents and chattel paper (including all tangible and electronic
chattel paper), and any and all supporting obligations in respect thereof; 
 (g) (f) all money or other
assets of the Company and each Guarantor that arise from or relate to any ABL Priority Collateral listed in clauses (a) through (cf) above that now or hereafter come into the possession, custody or control of any of the ABL Lenders or ABL Agent (or any
successor thereto); and 

(h) (g) the proceeds and products, whether tangible or intangible, of any of the foregoing, including proceeds of insurance covering any or all of the foregoing, and
any and all assets of the type described in clauses (a) through
(ef) above, money, deposit accounts
or other tangible or intangible property resulting from the sale, exchange, collection or other disposition of any of the foregoing, or any portion thereof or interest therein, and the proceeds thereof;  

provided, however, that the ABL Priority Collateral shall not include any (i) Notes Priority
Collateral or (ii) any Excluded Property. 

Notwithstanding the foregoing, the ABL Priority Collateral shall not
include any Excluded Property. 

“Affiliate”
means, with respect to any specified person, any other person who directly or indirectly through one or more intermediaries controls, or is controlled by, or is under common control with, such specified person. The term “control” means the
possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a person, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and
“controlled” have meanings correlative of the foregoing. 

  
 4 

 “Agent” means ABL Agent or, Notes Agent or the Other Pari Passu Lien Obligations Agent, as the context requires. 

“Agreement” has the meaning set forth in the preamble hereto. 

“Bank Product Agreements” means “Bank Product Agreements,” as that term is defined in the ABL Credit
Agreement. 
 “Bank Product Obligations” means “Bank Product Obligations,” as that term is defined
in the ABL Credit Agreement. 
 “Bank Product Provider” means “Bank Product Provider,” as that term
is defined in the ABL Credit Agreement. 
 “Bankruptcy Code” means Title 11 of the United States Code
entitled “Bankruptcy,” as now or hereafter in effect, or any successor statute. 
 “Bankruptcy Law”
means (i) the Bankruptcy Code, (ii) any other federal, state or foreign law for the relief of debtors, and (iii) any other similar statute or law, in each case as applicable and as now and hereafter in effect, or any successor
statute. 
 “Books” means books and records (including each Grantor’s records indicating, summarizing or
evidencing such Grantor’s assets (including the Collateral) or liabilities, each Grantor’s records relating to such Grantor’s business operations or financial condition, and each Grantor’s goods or general intangibles related to
such information). 
 “Business Day” means any day other than a Saturday, Sunday or day on which commercial
banks in the stateState of New York
or the office of an Agent are authorized or required by law to remain close. 

“Capital Stock”
means: 

(a) with respect to any Person that is a corporation, any and all shares, interests, participations or other equivalents (however designated and
whether or not voting) of corporate stock, including each class of Common Stock (as defined in the Indenture as in effect on the date hereof) and Preferred Stock (as defined in the Indenture as in effect on the date hereof) of such Person, and all
options, warrants or other rights to purchase or acquire any of the foregoing; and 
 (b) with
respect to any Person that is not a corporation, any and all partnership, membership or other equity interests of such Person, and all options, warrants or other rights to purchase or acquire any of the foregoing. 

“Cash Equivalents” means (a) any readily-marketable securities or any marketable direct obligation
(i) issued by, or directly, unconditionally and fully guaranteed or insured by, the United States federal government or (ii) issued by any agency of the United States federal government the obligations of which are fully backed by the full
faith and credit of the United States federal government, (b) any bankers acceptance or commercial paper of an issuer rated at least “A-1” by Standard & Poor’s Rating Group (“S&P”) or “P-1”
by Moody’s Investors  

  
 5 

 
Service, Inc. (“Moody’s”), or carrying an equivalent rating by a nationally recognized rating agency, if one or both of the two named rating agencies cease publishing
ratings of commercial paper issuers generally, (c) any United States dollar-denominated time deposit, insured certificate of deposit, overnight bank deposit, repurchase agreements, reverse purchase agreements or bankers’ acceptance issued
or accepted by (i) any ABL Lender or (ii) any commercial bank that (A) is organized under the laws of the United States, any state thereof or the District of Columbia, (B) has combined capital and surplus of not less than
$500,000,000 and (C) is rated at least “A-1” by S&P and “P-1” by Moody’s, or carrying an equivalent rating by a nationally recognized rating agency, if one or both of the two named rating agencies cease publishing
ratings of commercial paper issuers generally, and (d) shares of any United States money market fund that (i) complies with the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of 1940, as amended, (ii) is rated
“AAA” by S&P and “Aaa” by Moody’s and (iii) has portfolio assets of at least $5,000,000,000; provided, however, that the maturities of all obligations specified in any of clauses (a), (b) or
(c) above shall not exceed 365 days. 
 “Claimholders” means, with respect to the ABL Obligations, the ABL
Claimholders, and with respect to the Notes Obligations, the Notes Claimholders. 
 “Collateral” means all of
the assets and property of any Grantor, whether real, personal or mixed, which constitute ABL Collateral or Notes Collateral. 

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

“Default Disposition” means any private or public Disposition of (i) all or any material portion of the ABL
Priority Collateral by one or more Grantors with the consent of ABL Agent after the occurrence and during the continuance of an ABL Default (and prior to the Discharge of ABL Obligations) or (ii) all or any material portion of the Notes
Priority Collateral by one or more Grantors with the consent of Notes Agent after the occurrence and during the continuance of a Notes Default (and prior to the Discharge of Notes Obligations), which Disposition is conducted by such Grantors with
the consent of ABL Agent in the case of the former, or Notes Agent in the case of the latter, in connection with good faith efforts by ABL Agent or Notes Agent, as the case may be, to collect the ABL Obligations through the Disposition of ABL
Priority Collateral or the Notes Obligations through the Disposition of Notes Priority Collateral. 
 “Discharge of
ABL Obligations” means, except to the extent otherwise expressly provided in Section 5.5: 
 (a) the indefeasible
payment in full in cash of all ABL Obligations (other than outstanding Letters of Credit, Bank Product Obligations, Hedge Agreement Obligations and contingent indemnification obligations for which no underlying claim has been asserted); 

(b) termination or expiration of all commitments, if any, to extend credit that would constitute ABL Obligations (other than commitments of a
Bank Product Provider to extend credit that constitutes Bank Product Obligations pursuant to a Bank Product Agreement as to which satisfactory arrangements have been made with the applicable Bank Product Provider); 

  
 6 

 (c) termination or cash collateralization (in an amount and in the manner required by the ABL
Credit Agreement) of all outstanding Letters of Credit; and 
 (d) termination or cash collateralization (in an amount reasonably
satisfactory to the applicable Bank Product Provider) of any Hedge Agreement Obligations pursuant to Hedge Agreements issued or entered into by any Bank Product Provider. 

“Discharge of Notes Obligations” means, except to the extent otherwise expressly provided in Section 5.5,
all Notes Obligations (other than contingent indemnification obligations for which no underlying claim has been asserted) have been indefeasibly paid, performed or discharged in full (with all such Notes Obligations consisting of monetary or payment
obligations having been paid in full in cash). 
 “Disposition” or “Dispose” means the sale,
assignment, transfer, license, lease (as lessor), exchange or other disposition (including any sale and leaseback transaction) of any property by any person (or the granting of any option or other right to do any of the foregoing). 

“Domestic Subsidiary”
means, with respect to any person, any Subsidiary
that is organized under the laws of any State or other political subdivision of the United
Statesof such person other than a Foreign Subsidiary. 

“Enforcement Notice” shall mean a written notice delivered by either ABL Agent or Notes Agent to the other stating
that an ABL Default or a Notes Default, as applicable, has occurred and is continuing under the ABL Credit Agreement or the Indenture, as applicable, and that an Enforcement Period has commenced with respect to the ABL Priority Collateral or Notes
Priority Collateral, as applicable, specifying the relevant event of default, stating the current balance of the ABL Obligations or the Note Obligations, as applicable, and requesting the current balance of the ABL Obligations or Note Obligations,
as applicable, owing to the noticed party. 
 “Enforcement Period” shall mean the period of time following
the receipt by either ABL Agent or Notes Agent of an Enforcement Notice from the other and continuing until the earliest of (a) in case of an Enforcement Period commenced by Notes Agent, the Discharge of Notes Obligations, (b) in the case
of an Enforcement Period commenced by ABL Agent, the Discharge of ABL Obligations or (c) ABL Agent or Notes Agent (as applicable) terminating, or agreeing in writing to terminate, the Enforcement Period (including in connection with a waiver or
cure of the default that gave rise to such Enforcement Notice). 
 “Excluded Property” means (a)(i) any
fee-owned real property with a fair market
valueFair Market Value as of the date of the Indenture (or, if later, the date of acquisition thereof by the Company or
any Guarantor) equal to or less than $10,000,000 (other than any Existing Lien Real Property Collateral and any Issue Date Real Property
Collateral (as defined in the Notes Security Agreement)) and any leasehold interest in real property; (ii) motor vehicles, airplanes and other assets
subject to certificates of title; (iii) except as expressly provided in the ABL Collateral Documents or Notes Collateral
Documents, letter-of-credit rights and commercial tort claims; (iv) any governmental licenses or state or local franchises, charters and authorizations to the extent security interest is prohibited or restricted thereby (other
than to the extent that any such prohibition would be rendered ineffective pursuant to any other  

  
 7 

 
applicable requirements of law, including pursuant to Section 9-406, 9-407, 9-408 or 9-409 of the UCC); (v) pledges and security interests prohibited or restricted by applicable law
(including any requirement to obtain the consent of any governmental authority or third party); (vi) any lease, license or agreement or any property subject to such agreement to the extent that a grant of a security interest therein would
violate or invalidate such lease, license or agreement or create a right of termination in favor of any other party thereto or otherwise require consent thereunder (after giving effect to the applicable anti-assignment provisions of the UCC or other
applicable law) (including, for the avoidance of doubt, the collateral securing the Secured Equipment Note), other than proceeds and receivables thereof, the
assignment of which is expressly deemed effective under the UCC or other applicable law notwithstanding such prohibition; (vii) any assets of a Grantor to
the extent that a security interest in such assets would reasonably be expected to result in material adverse tax consequences, as reasonably determined by such Grantor;
(viii) any intent-to- usein good faith by the Company and, in the case of any Notes Document, certified to the
Notes Agent in writing in the form of an Officers’ Certificate (as defined in the Indenture) (viii) any intent-to-use trademark application prior to the filing of a “Statement of Use” or “Amendment to Allege
Use” with respect thereto, to the extent, if any, that, and solely during the period, if any, in which, the grant of a security interest therein would impair the validity or enforceability of such intent-to-use trademark application under
applicable federal law; (ix) stock and assets of Unrestricted Subsidiaries; (x) interests in joint ventures and non-wholly owned subsidiaries whichthat cannot be pledged without the consent of third parties after giving effect to the applicable anti-assignment provisions
of the UCC or other applicable law; (xi) Capital Stock (as defined in the
Indenturei) representing voting stock in excess of 65% of the outstanding voting stock of any Foreign
Subsidiary which, (A) pursuant to the terms of the ABL Credit Agreement, is not required to guaranty the ABL Obligations and (B) pursuant to the terms of the Indenture,
is not required to guaranty the Notes Obligationsor Pass-Through Foreign Holdco, in each case that is owned by the
Company or a Guarantor and (ii) of any Subsidiary of any Foreign Subsidiary or Pass-Through Foreign Holdco described in clause (i); (xii) rolling stock;
(xiii) property and assets of Zena Energy L.L.C. and El Dorado Nitrogen,
L.P.[reserved]; (xiv) with respect to the Notes Priority Collateral, general intangibles (other
than those equity interests of each limited liability company, limited partnership or other business entity that is a Restricted Subsidiary); (xv) with respect to the Notes Priority Collateral,
that is owned by the Company or a Guarantor and other than any Intercompany Pledged Debt Instruments; (xv) intellectual property; and (xvi) (A) in the case of any ABL Loan Document, assets where the cost or burden of obtaining a security interest therein exceeds the practical benefit to the ABL Claimholders afforded thereby, as
reasonably determined by ABL Agent and the Company and (B) in the case of any Notes Document, assets where the cost or
burden of obtaining a security interest therein exceeds the practical benefit to the Notes Claimholders afforded thereby, as reasonably determined byin good faith by the Company and certified to the Notes Agent
and the Companyin writing in the form of an
Officers’ Certificate (as defined in the Indenture). For purposes of clause (xi) of this definition, “voting stock” means, with respect to any issuer of equity interests, the issued and outstanding shares of each
class of equity interests of such issuer entitled to vote (within the meaning of Treasury Regulations § 1.956-2(c)(2)). 

  
 8 

 “Exercise any Secured Creditor Remedies” or
“Exercise of Secured Creditor Remedies” means (a) the taking of any action to enforce any Lien in respect of, exercise any right, remedy or power with respect to, or otherwise take any action to enforce its
interest in or realize upon, or take any other action available to it in respect of, the Collateral, including the institution of any judicial or non-judicial foreclosure proceedings, the noticing of any public or private sale or other disposition
pursuant to Article 9 of the UCC, having or seeking to have a trustee, receiver, liquidator or similar official appointed for or over the Collateral or taking any action to take possession of the Collateral, the noticing of any public or private
sale or other Disposition pursuant to Article 9 of the UCC or any diligently pursued in good faith attempt to vacate or obtain relief from a stay or other injunction restricting any other action described in this definition, (b) the exercise of
any right or remedy provided to a secured creditor under the ABL Loan Documents
or, the Notes Documents
or
 any Other Pari Passu Lien Obligations Agreement (including, in eitherany case, any delivery of any
notice to otherwise seek to obtain payment directly from any account debtor of any Grantor or the taking of any action or the exercise of any right or remedy in respect of the setoff or recoupment against the Collateral or proceeds of Collateral),
under applicable law, at equity, in an Insolvency Proceeding or otherwise, including credit bidding or otherwise the acceptance of Collateral in full or partial satisfaction of a Lien, (c) the sale, assignment, transfer, lease, license, or
other Disposition of all or any portion of the Collateral, by private or public sale or any other means, (d) the solicitation of bids from third parties to conduct the liquidation of all or a material portion of Collateral to the extent
undertaken and being diligently pursued in good faith to consummate the Disposition of such Collateral within a commercially reasonable time, (e) the engagement or retention of sales brokers, marketing agents, investment bankers, accountants,
appraisers, auctioneers, or other third parties for the purposes of valuing, marketing, or Disposing of, all or a material portion of the Collateral to the extent undertaken and being diligently pursued in good faith to consummate the Disposition of
such Collateral within a commercially reasonable time, (f) the exercise of any other enforcement right relating to the Collateral (including the exercise of any voting rights relating to any capital stock composing a portion of the Collateral
or seeking relief from the automatic stay) whether under the ABL Loan Documents, the Notes Documents, any Other Pari Passu Lien Obligations
Agreement, under applicable law of any jurisdiction, in equity, in an Insolvency Proceeding, or
otherwise,
or
 (g) the pursuit of Default Dispositions relative to all or a material portion of the Collateral
to the extent undertaken and being diligently pursued in good faith to consummate the Disposition of such Collateral within a commercially reasonable time or (h) the
commencement of, or the joinder with any creditor in commencing, any Insolvency Proceeding against any Grantor or any assets of any Grantor, but in all cases excluding (i) the establishment of borrowing base reserves,
collateral ineligibles or other conditions for advances, (ii) the changing of advance rates or advance sublimits, (iii) the imposition of a default rate or late fee, (iv) the collection and application of accounts or other monies
deposited from time to time in deposit accounts or securities accounts, in each case, to the extent constituting ABL Priority Collateral, against the ABL Obligations pursuant to the provisions of the ABL Loan Documents (including, without
limitation, the notification of account debtors, depositary institutions or any other Person to deliver proceeds of Collateral to ABL Agent), (v) the cessation of lending pursuant to the provisions of the ABL Loan Documents, including upon the
occurrence of a default on the existence of an overadvance, (vi) the filing of a proof of claim in any
Insolvency Proceeding
, (vii) the consent by ABL Agent to disposition by any Grantor of any of the ABL Priority
Collateral (other than in connection with liquidation of the ABL Priority Collateral at the request of ABL Agent) and, (viii) the acceleration of the Notes Obligations or the ABL Obligations. and (ix) the commencement of, or the joinder with any creditor in commencing, any Insolvency Proceeding against any Grantor or 

  
 9 

 
any assets of any
Grantor, so long as, in the case of this clause (ix), ABL Agent shall have provided to Notes Agent, or Notes Agent
shall have provided to ABL Agent, as applicable, and in each case absent Exigent Circumstances, five Business Days’ prior written notice thereof. 

“Existing Lien Real Property Collateral” means, collectively,
(a) the “Property” as defined in the Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing dated as of January 19, 2007, between Prime Financial Corporation and GE Commercial Finance Business Property
Corporation and (b) the “Property” as defined in the Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing dated as of December 20, 2006 between Prime Holdings Corporation and GE Commercial Finance
Business Property Corporation (the Liens arising under the filings described in (a) and (b), collectively the “Existing Liens”). Notwithstanding anything in the Notes Documents or the ABL Documents to the contrary, (a) no Grantor
shall be required to take any action to perfect the security interests of the ABL Claimholders or the Note Claimholders on any Existing Lien Real Property Collateral and (b) each Agent shall release its Liens and security interests on the
applicable Existing Lien Real Property Collateral when the applicable Existing Lien is terminated and released; provided that, in the case of clauses (a) and (b), the fair market value of the applicable Existing Lien
Real Property Collateral is equal to or less than $10,000,000. 
 “Exigent Circumstance” shall mean (a) with respect to the Notes Agent, an event or circumstance that materially and imminently
threatens the ability of Notes Agent to realize upon all or a material portion of the Notes Priority Collateral such as, without limitation, fraudulent removal, concealment, destruction, material waste or abscondment thereof, or creates a material
risk, as reasonably determined by Notes Agent, that an Enforcement Action with respect to the Notes Priority Collateral, if not promptly commenced, may be deemed to not be commercially reasonable and (b) with respect to the ABL Agent, an event
or circumstance that materially and imminently threatens the ability of ABL Agent to realize upon all or a material portion of the ABL Priority Collateral such as, without limitation, fraudulent removal, concealment, destruction, material waste or
abscondment thereof, or creates a material risk, as reasonably determined by ABL Agent, that an Enforcement Action with respect to the ABL Priority Collateral, if not promptly commenced, may be deemed to not be commercially reasonable.

 “Fair
Market Value” means, with respect to any asset or property, the price that could be negotiated in an arm’s-length, free market transaction, for cash, between a willing seller and a willing and able buyer, neither of whom is under undue
pressure or compulsion to complete the transaction. Fair Market Value shall be determined by the Company acting reasonably and in good faith. 

“First Amendment
Effective Date” means April 25, 2018. 
 “Foreign Subsidiary” means, with respect to any
Person, aperson, any Subsidiary that is not a Domesticof such Person that is not organized
or existing under the laws of the United States, any State thereof of the District of Columbia, and any Subsidiary of such Subsidiary. 

  
 10 

 “Governmental Authority” means the government of the United States of
America or any other nation, any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory
or administrative powers or functions of or pertaining to government. 
 “Grantors” means the Company and the
Guarantors, and each other person that may from time to time execute and deliver an ABL Collateral Document or a Notes Collateral Document as a “debtor,” “grantor” or “pledgor” (or the equivalent thereof). 

“Guarantor” and “Guarantors” have the respective meanings set forth in the recitals to this
Agreement. 
 “Hedge Agreement” means “Hedge Agreement,” as that term is defined in the ABL Credit
Agreement. 
 “Hedge Agreement Obligations” means all obligations, liabilities, contingent reimbursement
obligations, fees and expenses of the Company or any ABL Guarantor under any Hedge Agreement. 
 “Indenture”
has the meaning set forth in the recitals to this Agreement. 
 “Insolvency Proceeding” means: 

(a) any voluntary or involuntary case or proceeding under any Bankruptcy Law with respect to any Grantor; 

(b) any other voluntary or involuntary insolvency or bankruptcy case or proceeding, or any receivership, liquidation or other similar case or
proceeding with respect to any Grantor or with respect to a material portion of its assets; 
 (c) any liquidation, dissolution or
winding up of any Grantor (other than as permitted by the Notes Documents
or, the Other Pari Passu Lien Obligations Agreement and the ABL Loan Documents) whether voluntary or
involuntary and whether or not involving insolvency or bankruptcy; or 
 (d) any assignment for the benefit of creditors or any other
marshaling of assets for creditors of any Grantor or any other similar arrangement in respect of such Grantor’s creditors generally. 

“Intercompany
Pledged Debt Instruments” means (i) all right, title and interest of any Grantor in all Indebtedness (used in this definition as defined in the Indenture (as in effect on the date hereof)) or other obligations owing to such Grantor by any
Affiliate thereof (including any other Grantor) or by any special purpose vehicle formed at the direction of the Company or any of its Subsidiaries, and (ii) all instruments evidencing any such Indebtedness or other obligations owed to such
Grantor by any Affiliate thereof (in the case of each of the foregoing clauses (i) and (ii), excluding any such Indebtedness or other obligations that constitute the proceeds of sales or transfers of inventory or accounts 

  
 11 

 
receivable by a Grantor to an Affiliate thereof or to any special purpose vehicle
formed at the direction of the Company or any of its Subsidiaries), and any distribution of property made on, in respect of or in exchange for any of the foregoing from time to time, including all instruments evidencing Indebtedness described on
Schedule 3.5 to the Notes Security Agreement, issued by the obligor Affiliates named therein; provided that Intercompany Pledged Debt Instruments does not include any Excluded Assets. 

“Investment Related Property” means any and all investment property (as that term is defined in the UCC). 

“Issue Date Real
Property Collateral” means the fee-owned real property located at 1080 Industrial Drive, Cherokee, AL 35616; 4463 Hunt Street, Pryor, OK 74361; and 4500 North West Avenue, El Dorado, AR 71730. 

“Letters of Credit” means the “Letters of Credit,” as that term is defined in the ABL Credit Agreement.

 “Lien” means, with respect to any asset, any mortgage, lien (statutory or otherwise), pledge, hypothecation, charge,
security interest, preference, priority or encumbrance of any kind in respect of such asset, whether or not filed, recorded, registered, published or otherwise perfected under applicable law, including any conditional sale or other title retention
agreement, any lease in the nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the UCC of any jurisdiction; provided that in no event shall
an operating lease be deemed to constitute a Lien. 
 “Mortgage” means each mortgage, deed of trust or deed to
secure debt pursuant to which a Grantor grants to (a) ABL Agent, for the benefit of the ABL Claimholders, Liens upon the real estate Collateral owned by such Grantor, as security for the ABL Obligations or (b) Notes Agent, for the benefit
of the Notes Claimholders, Liens upon the real estate Collateral owned by such Grantor, as security for the Notes Obligations. 

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

“Notes Agent” has the meaning set forth in the preamble to this Agreement. 

“Notes Claimholders” means holders of Notes, the Trustee, Notes Agent and any holders of, or trustees, collateral
agents or other representatives with respect to, Other Pari Passu Lien Obligations. 
 “Notes Collateral”
means any and all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a consensual Lien is granted as security for any Notes Obligations. For the avoidance of doubt, the Notes Collateral shall not
include any Excluded Property. 
 “Notes Collateral
Account” means (i) the “Collateral Account” as defined in the Indenture. 

  
 12 

 “Notes Collateral Documents” means the Notes Security Agreement, the
security agreements, pledge agreements,
mortgagesMortgages, hypothecs,
collateral assignments, deeds of trust, deeds to secure debt and related agreements, and any other agreements, documents or instruments, in each case pursuant to which a Lien is granted to secure any Notes Obligations or under which rights or
remedies with respect to such Liens are governed. 
 “Notes Default” means any “Event of Default,”
as such term is defined in the Indenture, or any event of default under any other Notes Document. 
 “Notes
Documents” means the Notes Collateral Documents, the Indenture and the Notes and, after the incurrence of any Other Pari
Passu Lien Obligations as provided herein, the Collateral Agency Agreement. 
 “Notes
Obligations” means all obligations and all amounts owing, due or secured under the Notes Documents, and all Other Pari Passu Lien Obligations, whether now existing or arising hereafter, including all principal, premium, interest, fees,
attorneys fees, costs, charges, expenses, reimbursement obligations, indemnities, guarantees and all other amounts payable under or secured by any Notes Document or Other Pari Passu Lien Obligations Agreement (including, in each case, all amounts
accruing on or after the commencement of any Insolvency Proceeding relating to any Grantor or that would have accrued or become due under the terms of any Notes Documents or Other Pari Passu Lien Obligations Agreement but for the effect of the
Insolvency Proceeding and irrespective of whether a claim for all or any portion of such amounts is allowable or allowed in such Insolvency Proceeding). 

“Notes Priority Collateral” means all now owned or hereafter acquired Notes Collateral that constitutes: 

(a) all Capital Stock of each Restricted Subsidiary held by the Company or any Guarantor (excluding, in the case of a Foreign Subsidiary or
Pass-Though Foreign Holdco, voting stock in excess of 65% of the outstanding voting stock of such first-tier Foreign Subsidiary or Pass-Through Foreign Holdco, and all of the Capital Stock of any Subsidiary of such Foreign Subsidiary or Pass-Through
Holdco; 
 (a) all Pledged Stock (as defined in the Notes
Security Agreement) (which, in the case of any first-tier Foreign Subsidiary, is limited to 65% of the equity interests of such first-tier Foreign Subsidiary (and none of the stock of any Subsidiary of any first-tier Foreign Subsidiary),
provided that, for purposes of this clause (a), any Domestic Subsidiary the sole assets of which are capital stock of a Foreign
Subsidiary and, if applicable, debt of such Foreign Subsidiary shall be treated as a first-tier Foreign Subsidiary); 

(b) all equity interests of each limited liability company, limited partnership or other business entity that is a Restricted
Subsidiary constituting general intangibles and intercompany notes of the Company and the Notes Guarantors (other than Zena Energy L.L.C. and El Dorado Nitrogen, L.P.); 

(b) (c) all Investment Related Property that does not constitute ABL Priority Collateral; 

(c) (d) all equipment; 

  
 13 

(d) (e) all Intercompany Pledged
Debt Instruments (as defined in the Notes Security Agreement) that does not constitute ABL Priority Collateral; 

(e) (f) all Real Estate Assets; 

(f) (g) all instruments, Books and supporting obligations related to the foregoing and proceeds of the foregoing (except to the extent that any of the foregoing
constitute ABL Priority Collateral); and 

(g) (h) all other goods (including but not limited to fixtures) and assets of each Grantor not constituting ABL Priority Collateral or Excluded Property, whether
tangible or intangible and wherever located. 
 Notwithstanding the foregoing, the Notes Priority Collateral shall not include any
Excluded Property. 
 “Notes Security Agreement” means the Security Agreement dated as of the date hereofApril 25, 2018, by and among
the Company, the Notes Guarantors (other than Zena Energy L.L.C. and El Dorado Nitrogen, L.P.) and Notes Agent. 

“Obligations” shall mean, as applicable, (a) all ABL Obligations and (b) all Notes Obligations. 

“Other Pari Passu Lien Obligations” means indebtedness or other obligations of the Grantors issued following the date
of this Agreement to the extent (a) such indebtedness is not prohibited by the terms of the ABL Credit Agreement, the Indenture and each then existing Other Pari Passu Lien Obligations Agreement from being secured by Liens on the Notes
Collateral ranking pari passu with the Liens securing the Notes, (b) the Grantors have granted Liens, consistent with clause (a), on the Notes Collateral to secure the obligations in respect of such indebtedness, (c) such
indebtedness or other obligations constitute “Other Pari Passu Lien Obligations” as defined in the Indenture and (d) the Other Pari Passu Lien Obligations Agent, for the holders of such indebtedness has entered into a joinder
agreement on behalf of the holders under such agreement acknowledging that such holders shall be bound by the terms hereof applicable to Notes Claimholders. 

“Other Pari Passu Lien Obligations Agent” means the person appointed to act as trustee, agent or representative for
the holders of Other Pari Passu Lien Obligations pursuant to any Other Pari Passu Lien Obligations Agreement. 

“Other Pari Passu Lien Obligations Agreement” means the indenture, credit agreement or other agreement under which any
Other Pari Passu Lien Obligations are incurred. 

“Pass-Through
Foreign Holdco” means any Domestic Subsidiary the sole assets of which are Capital Stock of a Foreign Subsidiary and, if applicable, debt of such Foreign
Subsidiary. 

  
 14 

 “person” means any natural person, corporation, trust, business trust,
joint venture, joint stock company, association, company, limited liability company, partnership, Governmental Authority or other entity. 

“Pledged Collateral” has the meaning set forth in Section 5.4(a). 

“Priority Collateral” means, with respect to the ABL Claimholders, all ABL Priority Collateral, and with respect to
the Notes Claimholders, all Notes Priority Collateral. 
 “Real Estate Asset” means, at any time of
determination, any fee interest of any Grantor in owned real property; provided that such asset has a fair market value in excess of $10,000,000.
Notwithstanding anything to the contrary, Real Estate Assets shall include all Existing Lien Real Property Collateral and Issue Date Real Property
Collateral.other than any Excluded Property. 

“Recovery” has the meaning set forth in Section 6.8. 

“Refinance” means, in respect of any indebtedness, to refinance, modify, extend, renew, defease, supplement,
restructure, replace, refund or repay, or to issue other indebtedness in exchange or replacement for such indebtedness, in whole or in part, whether with the same or different lenders, arrangers or agents. 

“Refinanced” and “Refinancing” shall have correlative meanings. 

“Restricted Subsidiary” means any Subsidiary of the Company which at the time of determination is not an Unrestricted
Subsidiary. 
 “Subsidiary” of a person means a corporation, partnership, limited liability company or other
entity in which that person directly or indirectly owns or controls the shares of capital stock having ordinary voting power to elect a majority of the board of directors (or appoint other comparable managers) of such corporation, partnership,
limited liability company, or other entity. 
 “UCC” means the Uniform Commercial Code (or any similar or
equivalent legislation) as in effect in any applicable jurisdiction. 
 “Unrestricted Subsidiary” means any
Subsidiary of the Company designated as an Unrestricted Subsidiary pursuant to the Indenture subsequent to the date hereof. 

“Use Period” means the period commencing on the date that ABL Agent (or any ABL Claimholder acting with the consent of ABL
Agent) commences the Exercise of Secured Creditor Remedies in connection with any ABL Priority Collateral in a manner as provided in Section 3.8 (having theretofore furnished Notes Agent with an Enforcement Notice) and ending on the
earlier to occur of (i) 180 days thereafter and (ii) the Discharge of ABL Obligations. If any stay or other order that prohibits any of ABL Agent or the other ABL Claimholders from commencing and continuing to Exercise any Secured Creditor
Remedies or to liquidate and sell the ABL Priority Collateral has occurred by operation of law or has been entered by a court of competent jurisdiction, such 180-day period shall be tolled during the pendency of any such stay or other order and the
Use Period shall be so extended and upon lifting of the automatic stay, if there are fewer than 90 days remaining in such 180 day period, then such 180 day period shall be extended so that ABL Agent and the other ABL Claimholders have 90 days upon
lifting of the automatic stay. 

  
 15 

 1.3 Construction. The definitions of terms in this Agreement shall apply equally to the
singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine, and neuter forms. The words “include,” “includes,” and “including” shall
be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” The term “or” shall be construed to have, except where
otherwise indicated, the inclusive meaning represented by the phrase “and/or.” Any term used in this Agreement and not defined in this Agreement shall have the meaning set forth in the ABL Credit Agreement. Unless the context requires
otherwise: 
 (a) except as otherwise provided herein, any definition of or reference to any agreement, instrument, or other document herein
shall be construed as referring to such agreement, instrument, or other document as from time to time amended, restated, supplemented, modified, renewed, extended, Refinanced, refunded, or replaced; 

(b) any reference to any agreement, instrument, or other document herein “as in effect on the date hereof” shall be construed as
referring to such agreement, instrument, or other document without giving effect to any amendment, restatement, supplement, modification, or Refinance after the date hereof; 

(c) any definition of or reference to the ABL Obligations or the Notes Obligations herein shall be construed as referring to the ABL
Obligations or the Notes Obligations (as applicable) as from time to time amended, restated, supplemented, modified, renewed, extended, Refinanced, refunded, or replaced; 

(d) any reference herein to any person shall be construed to include such person’s successors and assigns; 

(e) the words “herein,” “hereof,” and “hereunder,” and words of similar import, shall be construed to refer to
this Agreement in its entirety and not to any particular provision hereof; 
 (f) all references herein to Sections shall be construed to
refer to Sections of this Agreement; and 
 (g) the words “asset” and “property” shall be construed to have the same
meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts, and contract rights. 

  
 16 

 SECTION 2. Lien Priorities. 

2.1 Relative Priorities.
(a) Notwithstanding the date, time, method, manner, or order of grant, attachment, or perfection of any Liens
securing (or purportedly securing) the ABL Obligations granted with respect to the Collateral or of any Liens securing (or purportedly securing) the Notes Obligations granted with respect to the Collateral (including, in each case, irrespective of
whether any such Lien is granted (or secures Obligations relating to the period) before or after the commencement of any Insolvency Proceeding) and notwithstanding any contrary provision of the UCC or any other applicable law or the ABL Loan
Documents or, the Notes
Documents or the Other Pari Passu Lien Obligations Agreement, as applicable, or any defect or deficiencies in, or
failure to attach or perfect, the Liens securing (or purportedly securing) any of the Obligations, or any other circumstance whatsoever, ABL Agent and Notes Agent hereby agree that: 

(a)
(1) any Lien with respect to the ABL Priority Collateral securing any ABL Obligations now or hereafter held by or
on behalf of, or created for the benefit of, ABL Agent or any other ABL Claimholders or any agent or trustee therefor, regardless of how or when acquired, whether by grant, possession, statute, operation of law, subrogation or otherwise, shall be
senior in all respects and prior to any Lien with respect to the ABL Priority Collateral securing any Notes Obligations;
and 
 (b) (2) any Lien with respect to the
NotesABL Priority Collateral
securing any Notes Obligations now or hereafter held by or on behalf of, or created for the benefit of, Notes Agent or, any other Notes Claimholders or any agent or trustee therefor, regardless of how or when acquired, whether by grant,
possession, statute, operation of law, subrogation or otherwise, shall be
seniorjunior and subordinate in all
respects and prior to any Liento all
Liens with respect to the
NotesABL Priority Collateral
securing any ABL Obligations;. 

(b) ABL Agent and Notes Agent hereby further agree that the Notes Priority Collateral does not secure any ABL Obligation under the ABL Credit
Agreement and neither the ABL Agent nor any ABL Claimholder under the ABL Credit Agreement shall accept a Lien on any Notes Priority Collateral without the consent of Notes Agent or as otherwise permitted in any Insolvency Proceeding in accordance
with Section 6.5 hereof. Notwithstanding the foregoing, ABL Agent and Notes Agent hereby agree that: 
 (c) (1) any Lien with respect to the
ABLNotes Priority Collateral
securing any Notes Obligations now or hereafter held by or on behalf of, or created for the benefit of, Notes Agent, or any other Notes Claimholders or any agent or trustee therefor, regardless of how or when acquired, whether by grant,
possession, statute, operation of law, subrogation or otherwise, shall be junior and
subordinatesenior in all respects
to all Liensand prior to any Lien
with respect to the ABLNotes
Priority Collateral securing any ABL Obligations; and 
 (d) (2) any Lien with respect to the Notes Priority Collateral securing any ABL Obligations now or hereafter held by or on
behalf of, or created for the benefit of, ABL Agent, any other ABL Claimholders or any agent or trustee therefor, regardless of how or when acquired, whether by grant, possession, statute, operation of law, subrogation or otherwise, shall be junior
and subordinate in all respects to all Liens with respect to the Notes Priority Collateral securing any Notes Obligations. 

  
 17 

 The subordination of Liens provided for in this Agreement shall continue to be effective with respect to
any part of the Collateral from and after the date hereof whether such Liens are declared, or ruled to be, invalid, unenforceable, void or not allowed by a court of competent jurisdiction, as a result of any action taken by Notes Agent or ABL Agent,
as applicable, or any failure by such person to take any action, with respect to any financing statement (including any amendment to or continuation thereof),
mortgageMortgage or other
perfection document. 
 2.2 Prohibition on Contesting Liens. Each of Notes Agent, for itself and on behalf of each other Notes
Claimholder, and ABL Agent, for itself and on behalf of each other ABL Claimholder, agrees that it will not (and hereby irrevocably, absolutely and unconditionally waives any right to), directly or indirectly, contest (directly or indirectly), or
support any other person in contesting (directly or indirectly), in any proceeding (including any Insolvency Proceeding) (a) the priority, validity, attachment, perfection or enforceability of a Lien in the Collateral held by or on behalf of
ABL Agent or any other ABL Claimholder or by or on behalf of Notes Agent or any other Notes Claimholder, (b) the priority, validity, perfection or enforceability of any Obligations, including the allowability or priority of any Obligations in
any Insolvency Proceeding, or (c) the validity or enforceability of, or the priorities, rights or duties established by, or other provisions of this Agreement; provided, however that nothing in this Agreement shall be construed to
prevent or impair the rights of ABL Agent, any other ABL Claimholder, Notes Agent, or any other Notes Claimholder to enforce the terms of this Agreement, including the provisions of this Agreement relating to the priority of the Liens securing the
ABL Obligations and the Notes Obligations, as applicable, as provided in Sections 2.1, 3 and 6.2. 
 2.3 New
Liens. During the term of this Agreement, whether or not any Insolvency Proceeding has been commenced by or against any Grantor, the parties hereto agree, subject to Section 6, that no Grantor shall: 

(a) grant or suffer to exist any Liens on any asset
that would constitute ABL Priority Collateral to secure any Notes Obligation unless such Grantor also offers to
grant, and, at the option of ABL Agent, grants a Lien on such asset to secure the ABL Obligations concurrently with the grant of a Lien thereon in favor of Notes Agent in accordance with the priorities set forth in this Agreement; or 

(b) grant or suffer to exist any Liens on
(x) any asset to secure any ABL Obligation unless such Grantor also offers to grant, and, at the option of Notes
Agent, grants a Lien on such asset to secure the Notes Obligations concurrently with the grant of a Lien thereon in favor of ABL Agent in accordance with the priorities set forth in this Agreement or (y) any Note Priority Collateral to secure any ABL Obligation under the ABL Credit Agreement, except with the consent of Notes Agent
or as authorized in an Insolvency Proceeding in accordance with Section 6.5 hereof. 
 To the extent that the foregoing
provisions are not complied with for any reason, without limiting any other rights and remedies available to ABL Agent or any other ABL Claimholder, Notes Agent, on behalf of the Notes Claimholders, agrees that any amounts received by or distributed
to any of them pursuant to or as a result of Liens granted in contravention of this Section 2.3 shall be subject to Section 4.2, and without limiting any other rights and remedies available to Notes Agent or any other Notes
Claimholder, ABL Agent, on behalf of the ABL Claimholders, agrees that any amounts received by or distributed to any of them pursuant to or as a result of Liens granted in contravention of this Section 2.3 shall be subject to
Section 4.2. 

  
 18 

 2.4 Cooperation in Designating Collateral. In furtherance of
Section 9.8, the parties hereto agree to and the Grantors shall, in each case subject to the other provisions of this Agreement, upon request by ABL Agent or Notes Agent, cooperate in good faith (and direct their counsel to cooperate in
good faith) from time to time in order to determine the specific items included in the ABL Priority Collateral and the Notes Priority Collateral and the steps taken or to be taken to perfect their respective Liens thereon and the identity of the
respective parties obligated under the ABL Loan Documents
and, the Notes
Documents and the Other Pari Passu Lien Obligations Agreement. 

SECTION 3. Exercise of Remedies. 

3.1 Exercise of Remedies by Notes Agent. Until the Discharge of ABL Obligations has occurred, whether or not any Insolvency Proceeding
has been commenced by or against any Grantor, Notes Agent and Notes Claimholders: 
 (a) will not exercise or seek to exercise (and instead
shall be deemed to have hereby irrevocably, absolutely and unconditionally waived), any rights, powers, or remedies with respect to any ABL Priority Collateral (including any Exercise of Secured Creditor Remedies with respect to any ABL Priority
Collateral); 
 (b) subject to Section 3.4 and Section 3.7, will not, directly or indirectly (and instead shall be
deemed to have hereby irrevocably, absolutely and unconditionally waived any and all rights to), contest, protest, object to (and seek or be awarded any relief of any nature whatsoever based on any such objection), interfere with, hinder or delay
any (i) action to enforce or collect (or attempt to collect) the ABL Obligations, or (ii) Exercise of Secured Creditor Remedies by ABL Agent or any other ABL Claimholder with respect to any ABL Priority Collateral (regardless of whether
any action or failure to act by or on behalf of ABL Agent or the other ABL Claimholders is adverse to the interest of Notes Agent or the other Notes Claimholders), and have no right to direct ABL Agent to Exercise any Secured Creditor Remedies or
take any other action under the ABL Loan Documents; 
 (c) will not object to (and waive any and all claims with respect to) any
waiver or forbearance by ABL Agent or the other ABL Claimholders from Exercising any Secured Creditor Remedies with respect to any
ABL Priority Collateral; 
 (d) will not take or cause to be taken any action the purpose or effect of which is, or
could be, to make any Lien that the Notes Claimholders have on ABL Priority Collateral equal with, or to give the Notes Claimholders any preference or priority relative to, any Lien that the ABL Claimholders have with respect to such ABL Priority
Collateral; 
 (e) will have no right to (i) direct ABL Agent or any other ABL Claimholder to exercise any right, remedy or power or
(ii) consent to the exercise by ABL Agent or any other ABL Claimholder of any right, remedy or power with respect to any ABL Priority Collateral; 

(f) acknowledge and agree that no covenant, agreement or restriction contained in the Note Documents shall be deemed to restrict in any way the
rights and remedies of ABL Agent or the other ABL Claimholders with respect to the ABL Priority Collateral as set forth in this Agreement and the ABL Loan Documents; and 

  
 19 

 (g) will not attempt, directly or indirectly, whether by judicial proceedings or otherwise, to
challenge the enforceability of any provision of this Agreement. 
 3.2 Exercise of Remedies by ABL Agent. Until the Discharge of
Notes Obligations has occurred, whether or not any Insolvency Proceeding has been commenced by or against any Grantor, ABL Agent and ABL Claimholders: 

(a) will not exercise or seek to exercise (and instead shall be deemed to have hereby irrevocably, absolutely and unconditionally waived), any
rights, powers, or remedies with respect to any Notes Priority Collateral (including any Exercise of Secured Creditor Remedies with respect to any Notes Priority Collateral); 

(b) subject to Section 3.4 and Section 3.7, will not, directly or indirectly (and instead shall be deemed to
have hereby irrevocably, absolutely and unconditionally waived any and all rights to), contest, protest, object to (and seek or be awarded any relief of any nature whatsoever based on any such objection), interfere with, hinder or delay any
(i) action to enforce or collect (or attempt to collect) the Notes Obligations, or (ii) Exercise of Secured Creditor Remedies by Notes Agent or any other Notes Claimholder with respect to any Notes Priority Collateral (regardless of
whether any action or failure to act by or on behalf of Notes Agent or the other Notes Claimholders is adverse to the interest of ABL Agent or the other ABL Claimholders), and have no right to direct Notes Agent to Exercise any Secured Creditor
Remedies or take any other action under the Notes Documents or the Other Pari Passu Lien Obligations Agreement;

 (c) will not object to (and waive any and all claims with respect to) any waiver or forbearance by Notes Agent or the other
Notes Claimholders from Exercising any Secured Creditor Remedies with respect to any Notes Priority Collateral;

 (d) will not take or cause to be taken any action the purpose or effect of which is, or could be, to make any Lien that the ABL
Claimholders have on Notes Priority Collateral equal with, or to give the ABL Claimholders any preference or priority relative to, any Lien that the Notes Claimholders have with respect to such Notes Priority Collateral; 

(e) will have no right to (i) direct Notes Agent or any other Notes Claimholder to exercise any right, remedy or power or
(ii) consent to the exercise by Notes Agent or any other Notes Claimholder of any right, remedy or power with respect to any Notes Priority Collateral; 

(f) acknowledge and agree that no covenant, agreement or restriction contained in the ABL Loan Documents shall be deemed to restrict in
any way the rights and remedies of Notes Agent or the other Notes Claimholders with respect to the Notes Priority Collateral as set forth in this Agreement and, the Notes Documents; and the Other Pari Passu Lien Obligations Agreement;  

(g) will not attempt, directly or indirectly, whether by judicial proceedings or otherwise, to challenge the enforceability of any
provision of this Agreement.; and

  
 20 

(h) will not take any action to secure the ABL Obligations under the ABL Credit Agreement with a Lien on the Notes Priority Collateral (it being
acknowledged and agreed that notwithstanding anything in this Section 3.2 or otherwise in this Agreement to the contrary, the ABL Obligations under the ABL Credit Agreement are not and shall not be secured by Notes Priority Collateral), except
with the consent of Notes Agent or as authorized in an Insolvency Proceeding in accordance with Section 6.5 hereof. 

3.3 Exclusive Enforcement Rights. (a) Until the Discharge of ABL Obligations has occurred, whether or not any Insolvency
Proceeding has been commenced by or against any Grantor, ABL Agent shall have the exclusive right to Exercise any Secured Creditor Remedies with respect to any ABL Priority Collateral (and in connection therewith, make determinations regarding the
release or Disposition thereof or any restrictions with respect thereto), in each case without any consultation with or the consent of Notes Agent or any other Notes Claimholder, and (b) until the Discharge of Notes Obligations has occurred,
whether or not any Insolvency Proceeding has been commenced by or against any Grantor, Notes Agent shall have the exclusive right to Exercise any Secured Creditor Remedies with respect to any Notes Priority Collateral (and in connection therewith,
subject to Section 3.8, make determinations regarding the release or Disposition thereof or any restrictions with respect thereto), in each case without any consultation with or the consent of ABL Agent or any other ABL Claimholder. In
connection with (x) any Exercise of Secured Creditor Remedies with respect to the ABL Priority Collateral, ABL Agent may enforce the provisions of the ABL Loan Documents and exercise remedies thereunder, all in such order and in such manner as
it may determine in the exercise of its sole discretion, or (y) any Exercise of Secured Creditor Remedies with respect to the Notes Priority Collateral, Notes Agent may enforce the provisions of the Notes Documents and the Other Pari Passu Lien Obligations Agreement and exercise remedies thereunder, all in such order and in such manner as it
may determine in the exercise of its sole discretion. Such exercise and enforcement shall include the rights of an agent appointed by ABL Agent or Notes Agent, as applicable, to Dispose of Collateral, to incur expenses in connection with such
Disposition, and to exercise all the rights and remedies of a secured creditor under the UCC, the Bankruptcy Laws or other applicable law. 

3.4 Permitted Actions. Anything to the contrary in this Section 3 notwithstanding, each of Notes Agent and ABL Agent may:

 (a) if an Insolvency Proceeding has been commenced by or against any Grantor, file a proof of claim or statement of interest with respect
to its Collateral or otherwise with respect to the Notes Obligations or the ABL Obligations, as the case may be, or otherwise file any pleadings, objections, motions or agreements which assert rights or interests available to unsecured creditors of
such Grantor arising under any Insolvency Proceeding or applicable non-bankruptcy law, in each case not inconsistent with the terms of this Agreement or applicable law (including the Bankruptcy Laws); 

(b) take any action (not adverse to the priority status of the Liens on the Collateral of the other, or the rights of the other Agent or any
Claimholders to Exercise any Secured Creditor Remedies) in order to create or perfect its Lien in and to the Collateral; 

  
 21 

 (c) file any necessary responsive or defensive pleadings in opposition to any motion, claim,
adversary proceeding, or other pleading made by any person objecting to or otherwise seeking the disallowance or subordination of its claims or the claims of its Claimholders, or the avoidance of its Liens; 

(d) object to any proposed acceptance of (i), in the case of Notes Agent, ABL Priority Collateral by an ABL Claimholder pursuant to Section 9-620 of the UCC and (ii) in the case of ABL Agent, Notes Priority Collateral by a Notes Claimholder pursuant to Section 9-620 of the UCC; 

(e) make any arguments and motions that are, in each case, in accordance with the terms of this Agreement; 

(f) vote on any plan of reorganization in accordance with the terms of this Agreement; 

(g) the Notes
Agent may join (but not exercise any control with respect to) any judicial foreclosure proceeding or other judicial lien enforcement proceeding with respect to the
ABL Priority Collateral of the other Agent
initiated by such otherthe
ABL Agent to the extent that any such action could not reasonably be expected, in any material respect, to restrain, hinder, limit, delay for any material period or otherwise interfere with the Exercise of Secured Creditor Remedies by
such otherABL Agent (it being
understood that, (i) with respect to ABL Priority Collateral, neither Notes Agent nor any other Notes Claimholder shall be entitled to receive any proceeds thereof unless otherwise expressly permitted herein and (ii) with respect to Notes
Priority Collateral, neither ABL Agent nor any other ABL Claimholder shall be entitled to receive any proceeds thereof unless otherwise expressly permitted herein); and 

(h) take any action described in clauses (i) through (viii) of the definition of Exercise of Secured Creditor Remedies. 

3.5 Retention of Proceeds. 

(a) Notes Agent agrees that prior to the Discharge of ABL
Obligations, Notes Claimholders will only be entitled to retain proceeds of Notes Priority Collateral in connection with an Exercise of Secured Creditor Remedies by Notes Agent that is not prohibited under Section 3.1
above. Notes Claimholders shall not be permitted to retain any proceeds of ABL Priority Collateral in connection with any Exercise of Secured Creditor Remedies in any circumstance unless and until the Discharge of ABL Obligations
has occurred, and any such proceeds received or retained in any other circumstance will be subject to Section 4.2. 

(b) ABL Agent agrees that prior to the Discharge of Notes
Obligations, ABL Claimholders will only be entitled to retain proceeds of ABL Priority Collateral in connection with an Exercise of Secured Creditor Remedies by ABL Agent that is not prohibited under Section 3.2 above.
ABL Claimholders shall not be permitted to retain any proceeds of Notes Priority Collateral in connection with any Exercise of Secured Creditor Remedies in any circumstance unless and until the Discharge of Notes Obligations has
occurred, and any such proceeds received or retained in any other circumstance will be subject to Section 4.2. 

  
 22 

 (c) Notwithstanding anything contained in this Agreement to the contrary, in the event of
any Disposition or series of related Dispositions that includes ABL Priority Collateral and Notes Priority Collateral where the aggregate sales price is not allocated between the ABL Priority Collateral and Notes Priority Collateral being sold (includingexcluding in connection with or as
a result of the sale of the capital stock of a Grantor), then solely for purposes of this Agreement, the allocation of proceeds of such Disposition to the ABL Priority Collateral shall be based upon, in the case of (i) any ABL Priority
Collateral consisting of inventory, the book value thereof as assessed on the date of such Disposition, (ii) any ABL Priority Collateral consisting of accounts receivable, the book value thereof as assessed on the date of such Disposition and
(iii) all other ABL Priority Collateral and Notes Priority Collateral, the fair market
valueFair Market Value of such ABL Priority Collateral and Notes Priority Collateral sold, as determined by the Company in its reasonable judgment or, if the aggregate amount of such other ABL Priority Collateral and Notes Priority Collateral sold is greater
than $20,000,000,35,000,000, the Fair Market Value
of such Collateral as determined by an independent appraiser. 
 3.6 Non-Interference. Subject to Sections
3.1, 3.2, 3.3, 3.4 and 6.5(b), each of Notes Agent, for itself and on behalf of the other Notes Claimholders, and ABL Agent, for itself and on behalf of the other ABL Claimholders, hereby: 

(a) subject to Section 3.7, agrees that it will not, directly or indirectly, take any action that would restrain, hinder, limit,
delay, or otherwise interfere with any Exercise of Secured Creditor Remedies by the other Agent with respect to such other Agent’s Priority Collateral or that is otherwise prohibited hereunder, including any Disposition of the other
Agent’s Priority Collateral, whether by foreclosure or otherwise; 
 (b) subject to Section 3.7, waives any and all rights
it or its Claimholders may have as a junior lien creditor or otherwise to object to the manner in which such other Agent seeks to enforce or collect such other party’s respective Obligations or the Liens securing such Obligations granted in any
of such other Agent’s Priority Collateral, regardless of whether any action or failure to act by or on behalf of such other Agent is adverse to the interest of it or its Claimholders. 

3.7 Commercially Reasonable Dispositions; Notice of Exercise. 

(a) Notes Agent, for itself and on behalf of the other Notes Claimholders, hereby irrevocably, absolutely, and unconditionally waives any right
to object (and seek or be awarded any relief of any nature whatsoever based on any such objection), at any time prior to or subsequent to any disposition of any of the ABL Priority Collateral, on the ground(s) that any such disposition of ABL
Priority Collateral (x) would not be or was not “commercially reasonable” within the meaning of any applicable UCC and/or (y) would not or did not comply with any other requirement under any applicable UCC or under any other
applicable law governing the manner in which a secured creditor (including one with a Lien on real property) is to realize on its collateral. ABL Agent, for itself and on behalf of the other ABL Claimholders,

  
 23 

 
hereby irrevocably, absolutely and unconditionally waives any right to object (and seek or be awarded any relief of any nature whatsoever based on any such objection), at any time prior to or
subsequent to any disposition of any Notes Priority Collateral, on the ground(s) that any such disposition of Notes Priority Collateral (i) would not be or was not “commercially reasonable” within the meaning of any applicable UCC
and/or (ii) would not or did not comply with any other requirement under any applicable UCC or under any other applicable law governing the manner in which a secured creditor (including one with a Lien on real property) is to realize on its
collateral. 
 (b) Except as expressly set forth in this Agreement, each Notes Claimholder and each ABL Claimholder shall have any and
all rights and remedies it may have as a creditor under any applicable law, including the right to the Exercise of Secured Creditor Remedies; provided, however, that the Exercise of Secured Creditor Remedies with respect to the
Collateral (and any judgment Lien obtained in connection therewith) shall be subject to the Lien priorities set forth herein and to the provisions of this Agreement. ABL Agent may enforce the provisions of the ABL Loan Documents, Notes Agent may
enforce the provisions of the Notes Documents and Other Pari Passu Lien Obligations Agreement and each may Exercise
any Secured Creditor Remedies, all in such order and in such manner as each may determine in the exercise of its sole discretion, consistent with the terms of this Agreement and mandatory provisions of applicable law; provided,
however, that each ofthe ABL
Agent and Notes Agent agrees to provide to the otherNotes Agent (x) an Enforcement Notice prior to its Exercise of Secured Creditor Remedies and (y) copies of any
notices that it is required under applicable law to deliver to any Grantor (for avoidance of doubt, the Notes Agent shall not be
required to deliver any such Enforcement Notice to the ABL Agent); provided further, however, that ABL Agent’s failure to provide copies of any such notices to Notes Agent shall not impair any of ABL
Agent’s rights hereunder or under any of the ABL Documents and Notes Agent’s failure to provide copies of any such notices to ABL Agent shall not impair any of Notes
Agent’s rights hereunder or under any of the Notes Documents. Each of Notes Agent, each other Notes Claimholder, ABL Agent and each ABL Claimholder agrees that it will not institute any suit or other proceeding or assert in
any suit, Insolvency Proceeding or other proceeding any claim, in the case of Notes Agent and each other Notes Claimholder, against either ABL Agent or any other ABL Claimholder, and in the case of ABL Agent and each other ABL Claimholder, against
either Notes Agent or any other Notes Claimholder, seeking damages from or other relief by way of specific performance, instructions or otherwise, with respect to, any action taken or omitted to be taken by such person with respect to the Collateral
which is consistent with the terms of this Agreement, and none of such parties shall be liable for any such action taken or omitted to be taken. 

3.8 Inspection and Access Rights. 

(a) If Notes Agent, or any agent or representative of Notes Agent, or any receiver, shall, after any Notes Default, obtain possession or
physical control of any Notes Priority Collateral or Notes Agent shall sell or otherwise dispose of any Notes Priority Collateral, Notes Agent shall promptly notify ABL Agent in writing of that fact, and ABL Agent shall thereafter notify the Notes
Agent in writing as to whether ABL Agent desires to exercise access rights under this Section 3.8. In addition, if ABL Agent, or any agent or representative or ABL
Agent, or any receiver, shall, after any ABL Default, obtain possession or physical  

  
 24 

 
control of any of the real properties subject to a Mortgage or any of the tangible Notes Priority Collateral located on any
premises other than real properties subject to a Mortgage or control over any intangible Notes Priority Collateral, following the delivery to Notes Agent of an Enforcement Notice, then ABL Agent shall thereafter notify Notes Agent in writing that
ABL Agent is exercising its access rights under this Agreement under either circumstance. Upon delivery of such notice by ABL Agent to Notes Agent, the parties shall confer in good faith to coordinate with respect to ABL
Agent’s exercise of such access rights. Consistent with the definition of “Use Period,” access rights may apply to differing parcels of real properties subject to a Mortgage and to different assets that constitute a portion of the
Notes Priority Collateral, in each case at differing times, in which case, a differing Use Period will apply to each such property and to each such portion of the Notes Priority Collateral. 

(b) Without limiting any rights ABL Agent or any other ABL Claimholder may otherwise have under applicable law or by agreement and whether or
not Notes Agent or any other Notes Claimholder has commenced and is continuing to Exercise any Secured Creditor Remedies of Notes Agent, ABL Agent or any other person (including any ABL Claimholder) acting with the consent, or on behalf, of ABL
Agent shall have an irrevocable, non-exclusive right to have access to, and a royalty-free and rent-free license and right to use, the Notes Priority Collateral (including, without limitation, equipment, fixtures and real property and equipment,
processors, computers and other machinery related to the storage or processing of records, documents or files) during the Use Period (a) during normal business hours on any Business Day, to access the ABL Priority Collateral that (i) is
stored or located in or on, (ii) has become an accession with respect to (within the meaning of Section 9-335 of the UCC), or (iii) has been commingled with (within the meaning of Section 9-336 of the UCC), Notes Priority
Collateral, and (b) in order to assemble, inspect, copy or download information stored on, take actions to perfect its Lien on, process raw materials or work-in-process into finished inventory, take possession of, move, package, prepare and
advertise for sale or disposition, sell (by public auction, private sale, “going out of business” sale or similar sale, whether in bulk, in lots or to customers in the ordinary course of business or otherwise and which sale may include
augmented inventory of the same type sold in Grantors’ business), store, collect, take reasonable actions to protect, secure and otherwise enforce the rights of ABL Agent in and to the ABL Priority Collateral, or otherwise deal with the ABL
Priority Collateral, in each case without the involvement of or interference by any Notes Claimholder or liability to any Notes Claimholder. This Agreement will not restrict the rights of Notes Agent to sell, assign or otherwise transfer the related
Notes Priority Collateral prior to the expiration of the Use Period if (but only if) the purchaser, assignee or transferee thereof agrees to be bound by the provisions of this Section 3.8. 

(c) During the period of actual occupation, use and/or control by the ABL Claimholders and/or ABL Agent (or their respective employees, agents,
advisers and representatives) of any Notes Priority Collateral or other assets or property, the ABL Claimholders and ABL Agent shall be obligated to repair at their expense any physical damage (ordinary wear and tear excepted) to such Notes Priority
Collateral caused by such occupancy, use or control by ABL Agent or its agents, representatives or designees, and to leave such Notes Priority Collateral or other assets or property in substantially the same condition as it was at the commencement
of such occupancy, use or control, ordinary wear and tear excepted; provided, however, that ABL Agent and the ABL Claimholders will not be liable for any diminution in the value of the Notes Priority Collateral caused by the absence of
the ABL Priority Collateral 

  
 25 

 
therefrom. Notwithstanding the foregoing, in no event shall the ABL Claimholders or ABL Agent have any liability to the Notes Claimholders and/or to Notes Agent pursuant to this
Section 3.8 as a result of any condition (including any environmental condition, claim or liability) on or with respect to the Notes Priority Collateral existing prior to the date of the exercise by the ABL Claimholders (or ABL Agent, as
the case may be) of their rights under this Section 3.8 and the ABL Claimholders shall have no duty or liability to maintain the Notes Priority Collateral in a condition or manner better than that in which it was maintained prior to the
use thereof by the ABL Claimholders, or for any diminution in the value of the Notes Priority Collateral that results solely from ordinary wear and tear resulting from the use of the Notes Priority Collateral by the ABL Claimholders in the manner
and for the time periods specified under this Section 3.8. Without limiting the rights granted in this Section 3.8, the ABL Claimholders and ABL Agent shall cooperate with the Notes Claimholders and/or Notes Agent in
connection with any efforts made by the Notes Claimholders and/or the Notes Agent to sell the Notes Priority Collateral. 
 (d) Consistent
with the definition of the term “Use Period,” if any order or injunction is issued or stay is granted or is otherwise effective by operation of law that prohibits ABL Agent from exercising any of its rights hereunder, then the Use Period
granted to ABL Agent under this Section 3.8 shall be stayed during the period of such prohibition and shall continue thereafter for the number of days remaining as required under this Section 3.8. Notes Agent agrees, for the
benefit of ABL Agent, that it shall not sell or dispose of any of the Notes Priority Collateral during the Use Period unless the buyer agrees in writing to acquire the Notes Priority Collateral subject to the terms of this Section 3.8
and agrees therein to comply with the terms of this Section 3.8. The rights of ABL Agent and the other ABL Claimholders under this Section 3.8 during the Use Period shall continue notwithstanding such foreclosure, sale or
other disposition by Notes Agent. 
 (e) ABL Agent and the other ABL Claimholders shall not be obligated to pay any amounts to Notes Agent or
the other Notes Claimholders (or any person claiming by, through or under the Notes Claimholders, including any purchaser of the Notes Priority Collateral) or to any Grantor, for or in respect of the use by ABL Agent and the other ABL Claimholders
of the Notes Priority Collateral; provided that ABL Agent and the other ABL Claimholders shall be obligated to pay any third-party expenses related thereto, including costs with respect to heat, light, electricity and water with respect to
that portion of any premises so used or occupied, or that arise as a result of such use. In the event, and only in the event, that in connection with its use of some or all of the premises constituting Notes Priority Collateral, ABL Agent requires
the services of any employees of the Grantors, ABL Agent shall pay directly to any such employees the appropriate, allocated wages of such employees, if any, during the time periods that ABL Agent requires their services. In each case, all amounts
paid by ABL Agent hereunder shall be added to the outstanding principal balance of the ABL Obligations. 
 (f) The ABL Claimholders shall use
the Notes Priority Collateral in accordance with applicable law. 

  
 26 

 (g) Subject to Section 3.7, Notes Agent and the other Notes Claimholders
(i) will cooperate with ABL Agent (at ABL Agent’s expense, which expenses shall constitute and be deemed part of the ABL
Obligations) in its efforts pursuant to Section 3.8(b) to enforce its security interest in the ABL Priority Collateral and to finish any work-in-process and assemble the ABL Priority Collateral, (ii) will not hinder
or restrict in any respect ABL Agent from enforcing its security interest in the ABL Priority Collateral or from finishing any work-in-process or assembling the ABL Priority Collateral pursuant to Section 3.8(b), and (iii) will,
subject to the rights of any landlords under real estate leases, permit the ABL Collateral Agent, its employees, agents, advisers and representatives to exercise the rights described in Section 3.8(b). 

(h) Subject to the terms hereof, Notes Agent may advertise and conduct public auctions or private sales of the Notes Priority Collateral,
without the involvement of or interference by any ABL Claimholder or liability to any ABL Claimholder, as long as, in the case of an actual sale, the respective purchaser assumes and agrees in advance in writing to the obligations of Notes Agent and
the other Notes Claimholders under this Section 3.8. If ABL Agent conducts a public auction or private sale of the ABL Priority Collateral at any of the real property included within the Notes Priority Collateral, ABL Agent shall provide
the Notes Agent with reasonable notice and use reasonable efforts to hold such auction or sale in a manner which would not unduly disrupt the Notes Agent’s use of such real property. 

(i) For the avoidance of doubt, and without limiting the generality of the other provisions of this Agreement, it is hereby acknowledged and
agreed that ABL Agent and the other ABL Claimholders shall have the right to bring an action to enforce their rights under this Section 3.8 and Section 3.9 including an action seeking possession of the applicable Collateral
and/or specific performance of this Section 3.8 and Section 3.9. 
 3.9 Sharing of Information and
Access. In the event that ABL Agent shall, in the exercise of its rights under the ABL Collateral Documents or otherwise, receive possession or control of any books and records of any Grantor which contain information identifying or
pertaining to the Notes Priority Collateral, ABL Agent shall, upon request from Notes Agent and as promptly as practicable thereafter, either make available to Notes Agent such books and records for inspection and duplication or provide to Notes
Agent copies thereof. In the event that Notes Agent shall, in the exercise of its rights under the Notes Collateral
Documents or otherwise, receive possession or control of any books and records of any Grantor which contain information identifying or pertaining to any of the ABL Priority Collateral, Notes Agent shall, upon written request from ABL Agent and as promptly as practicable thereafter, either make available to ABL Agent such books and
records for inspection and duplication or provide ABL Agent copies thereof. 
 3.10 Tracing of and Priorities in
Proceeds. ABL Agent, for itself and on behalf of the other ABL Claimholders, and Notes Agent, for itself and on behalf of the other Notes Claimholders, further agree that prior to an issuance of any Enforcement Notice by such Claimholder or, with respect to Notes Collateral, prior to any time when the Notes Agent conducts an Exercise of Secured Creditor Remedies
(unless, in either case, a bankruptcy or insolvency ABL Default or Notes Default then exists), any proceeds of
Collateral obtained in accordance with the terms of the ABL Loan Documents
and, the Notes
Documents and the Other Pari Passu Lien Obligations Agreement, whether or not deposited under control agreements,
which are used by any Grantor to acquire other property which is Collateral shall not (solely as between the Claimholders) be treated as proceeds of Collateral for purposes of  

  
 27 

 
determining the relative priorities in the Collateral which was so acquired. In addition, unless and until the Discharge of ABL Obligations occurs, Notes Agent, for itself and on behalf of
the other Notes Claimholders, hereby consents to the application, prior to the receipt by ABL Agent of an Enforcement Notice issued by Notes Agent, of cash or other proceeds of
ABL Collateral deposited under deposit account control agreements to the repayment of ABL Obligations pursuant to the
ABL Loan Documents. 
 SECTION 4. Proceeds. 

4.1 Application of Proceeds. 

(a) Prior to the Discharge of ABL Obligations, whether or not any Insolvency Proceeding has been commenced by or against any Grantor,
except as otherwise provided in Section 3.5, any ABL Priority Collateral or proceeds thereof received in connection with any Exercise of Secured Creditor Remedies shall (at such time as such Collateral or proceeds has been monetized) be
applied: (i) first, to the payment in full in cash or cash collateralization of the ABL Obligations in accordance with the ABL Loan Documents, and in the case of payment of any revolving loans following any acceleration of the ABL
Obligations and resulting from a foreclosure or “going out of business” sale or similar sale of ABL Priority Collateral, together with the concurrent permanent reduction of any revolving loan commitment thereunder in an amount equal to the
amount of such payment, and (ii) second, to the payment in full in cash of the Note Obligations in accordance with the Notes
Documents and the Other Pari Passu Lien Obligations Agreement. 

(b) Prior to the Discharge of Notes Obligations, whether or not any Insolvency Proceeding has been commenced by or against any Grantor,
except as otherwise provided in Section 3.5, any Notes Priority Collateral or proceeds thereof received in connection with any Exercise of Secured Creditor Remedies shall (at such time as such Collateral or proceeds has been monetized)
be applied: (i) first, to the payment in full in cash or cash collateralization of the Notes Obligations in accordance with the Notes Documents, and (ii) second, to the
payment in full in cash or cash collateralization of the ABL Obligations in accordance with the ABL Loan DocumentsGrantors or to whomever else is entitled to receive same under applicable law. 

(c) If any Exercise of Secured Creditor Remedies with respect to the Collateral produces non-cash proceeds, then such non-cash proceeds shall
be held by the Agent that conducted the Exercise of Secured Creditor Remedies as additional Collateral and, at such time as such non-cash proceeds are monetized, shall be applied as set forth above. 

4.2 Turnover. Unless and until the earlier of Discharge of ABL Obligations or the Discharge of Notes Obligations has occurred, whether
or not any Insolvency Proceeding has been commenced by or against any Grantor, except as otherwise provided in Section 3.5, (a) any ABL Priority Collateral, proceeds thereof (including assets or proceeds subject to Liens referred to
in the final sentence of Section 2.3) or any insurance proceeds described in Section 5.2(a) received by Notes Agent or any other Notes Claimholder, pursuant to any Notes Document or by the exercise of any rights available to
it under applicable law or in any Insolvency Proceeding pursuant to any Exercise of Secured Creditor Remedies or through any other exercise of 

  
 28 

 
remedies, after Notes Agent or such other Notes Claimholder obtains actual knowledge or notice from ABL Agent that it has possession of such ABL Priority Collateral and/or such proceeds or as
a result of Notes Agent’s or any other Notes Claimholder’s collusion with any Grantor in violating the rights of ABL Agent or any other ABL Claimholder (within the meaning of Section 9-332 of the UCC), shall be segregated and held in
trust and shall reasonably promptly be paid over to ABL Agent for the benefit of the ABL Claimholders in the same form as received, with any necessary endorsements or as a court of competent jurisdiction may otherwise direct, and (b) any Notes
Priority Collateral, proceeds thereof (including assets or proceeds subject to Liens referred to in the final sentence of Section 2.3) or any insurance proceeds described in Section 5.2(b) received by ABL Agent or any other
ABL Claimholder, pursuant to any ABL Loan Document or by the exercise of any rights available to it under applicable law or in any Insolvency Proceeding pursuant to any Exercise of Secured Creditor Remedies or through any other exercise of remedies,
after ABL Agent or such other ABL Claimholder obtains actual knowledge or notice from Notes Agent that it has possession of such Notes Priority Collateral and/or such proceeds or as a result of ABL Agent’s or any other ABL Claimholder’s
collusion with any Grantor in violating the rights of Notes Agent or any other Notes Claimholder (within the meaning of Section 9-332 of the UCC), shall be segregated and held in trust and shall reasonably promptly be paid over to Notes Agent
for the benefit of the Notes Claimholders in the same form as received, with any necessary endorsements or as a court of competent jurisdiction may otherwise direct;
provided, however, in the case of any proceeds of Notes Priority Collateral received by ABL Agent or any other ABL Claimholder in connection with a Disposition of Notes Priority Collateral by any
Grantor, if a Grantor does not provide prior written notice of such Disposition to ABL Agent specifying the amount and source of such proceeds, neither ABL Agent nor any other ABL Claimholder shall have any obligation to pay over any proceeds of
such Disposition to Notes Agent. Each of Notes Agent and ABL Agent is hereby authorized to make any such endorsements as agent for the other or any Claimholders. This authorization is coupled with an interest and is irrevocable
until the earlier of the Discharge of ABL Obligations or the Discharge of Notes Obligations. 
 Notes Agent for itself and
each other Notes Claimholder agrees that if, at any time, all or any part of any payment with respect to any ABL Obligations secured by any ABL Priority Collateral previously made shall be rescinded for any reason whatsoever, to the extent still within its possession, it will promptly pay over to ABL Agent any payment received by it in respect of any
such ABL Priority Collateral and shall promptly turn any such ABL Priority Collateral then held by it over to ABL Agent, and the provisions set forth in this Agreement will be reinstated as if such payment had not been made, until the payment and
satisfaction in full of such ABL Obligations. 
 ABL Agent for itself and each other ABL Claimholder agrees that if, at any
time, all or any part of any payment with respect to any Notes Obligations secured by any Notes Priority Collateral previously made shall be rescinded for any reason whatsoever,
and notwithstanding the fact that ABL Obligations under the ABL Credit Agreement are not secured by Notes Priority
Collateral, it will promptly pay over to Notes Agent any payment received by it in respect of any such Notes Priority Collateral and shall promptly turn any such Notes Priority Collateral then held by it over to Notes Agent, and the
provisions set forth in this Agreement will be reinstated as if such payment had not been made, until the payment and satisfaction in full of such Notes Obligations. 

  
 29 

 4.3 No Subordination of the Relative Priority of Claims. Anything to the
contrary contained herein notwithstanding, the subordination of the Liens of Notes Claimholders in respect of the ABL Priority Collateral to the Liens of ABL Claimholders therein and of
disclaimer of and subordination of the Liens of ABL Claimholders in respect of the Notes Priority Collateral to the
Liens of Notes Claimholders therein as set forth herein is with respect to the priority of the respective Liens held by or on behalf of them only and shall not constitute a subordination in right of payment of the Notes Obligations to the ABL
Obligations or the ABL Obligations to the Notes Obligations. 
 4.4 Application of Payments. Subject to the other terms of
this Agreement, all payments received (not in violation of this Agreement) by (a) ABL Agent or the other ABL Claimholders may be applied, reversed and reapplied, in whole or in part, to the ABL Obligations to the extent provided for in the ABL
Loan Documents and (b) Notes Agent or the other Note Claimholders may be applied, reversed and reapplied, in whole or in part, to the Note Obligations to the extent provided for in the Note Documents. 

4.5 Revolving Nature of ABL Obligations. Notes Agent, on behalf of the Notes Claimholders, acknowledges and agrees that the ABL Credit
Agreement includes a revolving commitment and that the amount of the ABL Obligations that may be outstanding at any time or from time to time may be increased or reduced and subsequently reborrowed. 

SECTION 5. Releases; Dispositions; Other Agreements. 

5.1 Releases. 
 (a)
If, in connection with the Exercise of Secured Creditor Remedies by ABL Agent as provided for in Section 3, irrespective of whether an ABL Default or a Notes Default has occurred and is continuing, ABL Agent releases any of its Liens on
any part of the ABL Priority Collateral, then the Liens of Notes Agent on such ABL Priority Collateral shall be automatically, unconditionally, and simultaneously released so long as all proceeds therefrom are applied to permanently repay the ABL
Obligations and the then outstanding commitments to extend credit under the ABL Credit Agreement are terminated; provided, however, that any proceeds remaining after the Discharge of ABL Obligations shall be subject to the Liens of the
Notes Claimholders. Notes Agent, for itself or on behalf of any such Notes Claimholders, promptly shall execute and deliver to ABL Agent such termination or amendment statements, releases, and other documents as ABL Agent may request in writing to
effectively confirm such release, without the consent or direction of any other Notes Claimholders at the cost and expense of the
Grantors. 
 (b) If, in connection with the Exercise of Secured Creditor Remedies by Notes Agent as provided for
in Section 3, irrespective of whether an ABL Default or a Notes Default has occurred and is continuing, Notes Agent releases any of its Liens on any part of the Notes Priority Collateral, then the Liens, if any, of ABL Agent on such Notes Priority Collateral shall be automatically, unconditionally, and simultaneously released
so long as all proceeds therefrom are applied to permanently repay, repurchase or otherwise retire the Notes Obligations; provided,
however, that any proceeds remaining after the Discharge of Notes Obligations shall be subject to the Liens of the ABL Claimholders. ABL Agent, for itself or on behalf of 

  
 30 

 
any such ABL Claimholders, promptly shall execute and deliver to Notes Agent such termination or amendment statements, releases, and other documents as Notes Agent may request in writing to
effectively confirm such release, without the consent or direction of any other ABL Claimholders at the cost and expense of the
Grantors.  
 (c) If, in connection with any Disposition of any ABL Priority Collateral permitted under the
terms of the ABL Loan Documents
and, the Notes Documents
and any Other Pari Passu Lien Obligations Agreement as in effect at the time of such Disposition, ABL Agent, for
itself or on behalf of any ABL Claimholders, releases any of its Liens on the portion of the ABL Priority Collateral that is the subject of such Disposition, other than (i) in connection with the Discharge of ABL Obligations, or (ii) after
the occurrence and during the continuance of any Notes Default, then the Liens of Notes Agent on such Collateral shall be automatically, unconditionally, and simultaneously released. Notes Agent, for itself or on behalf of any such Notes
Claimholders, promptly shall execute and deliver to ABL Agent such termination or amendment statements, releases, and other documents as ABL Agent may request in writing to effectively confirm such release, without the consent or direction of any
other Notes Claimholders provided that such Grantors have delivered such certificates or other documents to which the Notes Agent
may be entitled under the Notes Documents and the Other Pari Passu Lien Obligations Agreement. 
 (d) If, in connection with any Disposition of any Notes Priority Collateral permitted under the terms of the Notes Documents and the ABL Loan Documents as in effect at the time of such
Disposition, Notes Agent, for itself or on behalf of any Notes Claimholders, releases any of its Liens on the portion of the Notes Priority Collateral that is the subject of such Disposition, other than (i) in connection with the Discharge of
Notes Obligations, or (ii) after the occurrence and during the continuance of any ABL Default, then the Liens of ABL Agent on such Collateral shall be automatically, unconditionally, and simultaneously released. ABL Agent, for itself or on
behalf of any such ABL Claimholders, promptly shall execute and deliver to Notes Agent such termination or amendment statements, releases, and other documents as Notes Agent may request to effectively confirm such release, without the consent or
direction of any other ABL Claimholders. 

(d) [reserved.] 
 (e)
In the event that any Collateral that would be ABL Priority Collateral is no longer Collateral pursuant to the effects of clause (8) of the definition of “Excluded Assets” in the Indenture (or any comparable provision in any successor
Notes Document), such Collateral shall automatically be deemed not to be Notes Collateral under the Notes Collateral Documents. Notes Agent, for itself or on behalf of any such Notes Claimholders, promptly shall execute and deliver to the Grantors
such termination or amendment statements, releases, and other documents as any Grantor may request to effectively confirm such release, at the cost and expense of the Grantors and without the consent or direction of any other Notes Claimholders.

  
 31 

 (f) ABL Agent, with respect
to the Notes Priority Collateral, on behalf of the ABL Claimholders, hereby irrevocably constitutes and appoints Notes Agent with respect to such Notes Priority Collateral and any officer or agent of Notes Agent, with full power of substitution, as
its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of ABL Agent or in ABL Agent’s own name, from time to time in Notes Agent’s discretion exercised in good faith, for the purpose of
carrying out the terms of this Section 5.1, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary to accomplish the purposes of this Section 5.1, including any endorsements or
other instruments of transfer or release. 

(f) [reserved.] 
 (g)
Notes Agent, with respect to the ABL Priority Collateral, on behalf of the Notes Claimholders, hereby irrevocably constitutes and appoints ABL Agent with respect to such ABL Priority Collateral and any officer or agent of ABL Agent, with full power
of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of Notes Agent or in Notes Agent’s own name, from time to time in ABL Agent’s discretion exercised in good faith, for
the purpose of carrying out the terms of this Section 5.1, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary to accomplish the purposes of this Section 5.1,
including any endorsements or other instruments of transfer or release. 
 5.2 Insurance. 

(a) Unless and until ABL Agent has provided written notice to Notes Agent that the Discharge of ABL Obligations has occurred:
(i) ABL Agent and the other ABL Claimholders shall have the sole and exclusive right, subject to the rights of Grantors under the ABL Loan Documents, to adjust and settle any claim under any insurance policy covering the ABL Priority Collateral
in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding (or any deed in lieu of condemnation) affecting the ABL Priority Collateral; and (ii) all proceeds of any such insurance policy and
any such award (or any payments with respect to a deed in lieu of condemnation) if in respect of ABL Priority Collateral, shall be paid, subject to the rights of Grantors under the ABL Loan Documents, first, to the ABL Claimholders, until the
Discharge of ABL Obligations, second, to the Notes Claimholders, until the Discharge of Notes Obligations, and third, to the owner of the subject property, such other person as may be entitled thereto, or as a court of competent
jurisdiction may otherwise direct. If Notes Agent or any other Notes Claimholders shall at any time receive any proceeds of any such insurance policy or award in contravention of this Agreement, it shall hold such proceeds in trust and upon written request pay over such proceeds to ABL Agent. 

(b) Unless and until Notes Agent has provided written notice to ABL Agent that the Discharge of Notes Obligations has occurred:
(i) Notes Agent and the other Notes Claimholders shall have the sole and exclusive right, subject to the rights of Grantors under the Notes
Documents and the Other Pari Passu Lien Obligations Agreement, to adjust and settle any claim under any insurance
policy covering the Notes Priority Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding (or any deed in lieu of condemnation) affecting the Notes Priority Collateral; and
(ii) all proceeds of any such insurance policy and any such award (or any payments with respect to a deed in lieu of condemnation) if in respect of Notes Priority Collateral, shall be paid, subject to the rights of Grantors under the Notes
Documents and the Other Pari Passu Lien Obligations Agreement, 

  
 32 

 
first, to the Notes Claimholders, until the Discharge of Notes Obligations, and second, to the ABL Claimholders, until the
Discharge of ABL Obligations, and third, to the owner of the subject property, such other person as may be entitled thereto, or as a court of competent jurisdiction may otherwise direct. If ABL Agent or any other ABL Claimholders
shall at any time receive any proceeds of any such insurance policy or award in contravention of this Agreement, it shall hold such proceeds in trust and upon request pay over such proceeds to Notes Agent. 

In the event that any proceeds are derived from any insurance policy that covers ABL Priority Collateral and Notes Priority Collateral,
ABL Agent and Notes Agent will work jointly and in good faith to collect, adjust or settle (subject to the rights of the Grantors under the ABL Loan Documents and, the Notes
Documents and the Other Pari Passu Lien Obligations Agreement) any claim under the relevant insurance policy.

 Notwithstanding anything contained in this Agreement to the contrary, in the event that any proceeds are derived from any
insurance policy that covers ABL Priority Collateral and Notes Priority Collateral where the allocation of proceeds is not stipulated between ABL Priority Collateral and Notes Priority Collateral, then the allocation of proceeds of such insurance
policy to the ABL Priority Collateral shall be based upon, in the case of (A) any ABL Priority Collateral consisting of inventory, book value as assessed on the date of such loss, (B) any ABL Priority Collateral consisting of accounts
receivable, the face amount thereof and (C) all other ABL Priority Collateral and Notes Priority Collateral, the fair market value of such ABL Priority Collateral and Notes Priority Collateral, as determined by Grantors in their reasonable
judgment or, if the aggregate amount of such other ABL Priority Collateral and Notes Priority Collateral sold is greater than $20,000,00035,000,000, an independent appraiser. 

(c) To effectuate the foregoing, Grantors shall provide ABL Agent and Notes Agent with separate lender’s loss payable endorsements
naming themselvessuch Agents as
loss payee and additional insured, as their interests may appear, with respect to policies which insure Collateral hereunder. 
 5.3
Amendments; Refinancings; Legend. 
 (a) The ABL Loan Documents may be amended, restated, supplemented, or otherwise modified in
accordance with their terms and the ABL Obligations may be Refinanced in accordance with the terms of the ABL Loan Documents, in each case without notice to, or the consent of, Notes Agent or any other Notes Claimholders, all without affecting the
lien subordination or other provisions of this Agreement; provided, however, that, in the case of a Refinancing secured by any Collateral, the holders of such Refinancing debt (or an authorized representative on their behalf) bind
themselves (in a writing addressed to Notes Agent for the benefit of itself and the other Notes Claimholders in a form reasonably acceptable to Notes Agent) to the terms of this Agreement; provided further, however, that any such
amendment, restatement, supplement, modification, or Refinancing shall not result in a Notes Default under the Indenture; provided further, however, that, if such Refinancing debt is secured by a Lien on any Collateral the
holders of such Refinancing debt shall be deemed bound by the terms hereof regardless of whether or not such writing is provided. For the avoidance of doubt, the sale or other transfer of indebtedness is not restricted by this Agreement but the
provisions of this Agreement shall be binding on all holders of ABL Obligations and Notes Obligations. 

  
 33 

 (b)
TheEach of the Notes Documents and the Other Pari Passu Lien Obligations Agreement may be amended, restated, supplemented, or otherwise modified in
accordance with their terms and the Notes Obligations may be Refinanced in accordance with the terms of the Notes Documents and the
Other Pari Passu Lien Obligations Agreement, as applicable, in each case without notice to, or the consent of, ABL Agent or any other ABL Claimholders, all without affecting the lien subordination or other provisions of this
Agreement; provided, however, that, in the case of a Refinancing secured by any Collateral, the holders of such Refinancing debt (or an authorized representative on their behalf) bind themselves (in a writing addressed to ABL Agent for
the benefit of itself and the other ABL Claimholders in a form reasonably acceptable to ABL Agent) to the terms of this Agreement; provided further, however, that any such amendment, restatement, supplement, modification, or
Refinancing shall not, without the prior written consent of ABL Agent, result in an ABL Default under the ABL Credit Agreement; provided further, however, that, if such Refinancing debt is secured by a Lien on any Collateral the
holders of such Refinancing debt shall be deemed bound by the terms hereof regardless of whether or not such writing is provided. For the avoidance of doubt, the sale or other transfer of indebtedness is not restricted by this Agreement but the
provisions of this Agreement shall be binding on all holders of ABL Obligations and Notes Obligations. 
 (c) So long as the Discharge
of ABL Obligations has not occurred, Notes Agent agrees that each Notes Collateral Document entered into after the date hereof shall include the following language (or similar language acceptable to ABL Agent): 

“Anything herein to the contrary notwithstanding, the liens and security interests granted to UMB Bank, N.A.Wilmington Trust, National
Association, as Collateral Agent under the Indenture, pursuant to this Agreement and the exercise of any right or remedy by UMB Bank, N.A.Wilmington Trust, National Association, as Collateral Agent hereunder, are subject to the provisions of the Intercreditor
Agreement dated as of August 7, 2013, (as
amended by that certain First Amendment dated as of April 25, 2018 and as further amended, restated,
supplemented, or otherwise modified from time to time, the “Intercreditor Agreement”), by and between Wells Fargo Capital Finance, Inc.LLC, as ABL Agent, and UMB Bank, N.A.,Wilmington Trust, National Association, as Notes Agent. In the event of any conflict between the terms of the Intercreditor
Agreement and this Agreement, the terms of the Intercreditor Agreement shall govern and control, except with respect to the rights,
protections, immunities and indemnities of the Notes Collateral Agent, for which the Indenture shall control.” 

(d) So long as the Discharge of Notes Obligations has not occurred, ABL
Agent agrees that each ABL Collateral Document entered into after the date hereof shall include the following language (or similar language acceptable to Notes Agent): 

  
 34 

 “Anything herein to the
contrary notwithstanding, the liens and security interests granted to Wells Fargo Capital Finance, Inc., as Agent under the ABL Credit Agreement, pursuant to this Agreement and the exercise of any right or remedy by Wells Fargo Capital Finance,
Inc., as Agent hereunder, are subject to the provisions of the Intercreditor Agreement dated as of August 7, 2013, (as amended, restated, supplemented, or otherwise modified from time to time, the “Intercreditor Agreement”), by and
between Wells Fargo Capital Finance, Inc., as ABL Agent, and UMB Bank, N.A., as Notes Agent. In the event of any conflict between the terms of the Intercreditor Agreement and this Agreement, the terms of the Intercreditor Agreement shall govern and
control.” 
 5.4 Bailee for Perfection. 

(a) ABL Agent and Notes Agent each agree to hold or control that part of the Collateral that is in its possession or control (or in the
possession or control of its agents or bailees), to the extent that possession or control thereof is taken to perfect a Lien thereon under the UCC or other applicable law (such Collateral being referred to as the “Pledged
Collateral”), as gratuitous bailee and as a non-fiduciary agent for the benefit of and on behalf of Notes Agent or ABL Agent, as applicable (such bailment and agency being intended, among other things, to satisfy the requirements of
possession or control under Sections 8-301(a)(2), 9-313(c), 9-104, 9-105, 9-106, and 9-107 of the UCC), solely for the purpose of perfecting the security interest granted under the Notes
Collateral Documents or the ABL Loan Documents, as applicable, subject to the terms and conditions of this
Section 5.4. Notes Agent and the other Notes Claimholders hereby appoint ABL Agent as their gratuitous bailee for the purposes of perfecting their security interest in all Pledged Collateral in which ABL Agent has a perfected security
interest under the UCC. ABL Agent and the other ABL Claimholders hereby appoint Notes Agent as their gratuitous bailee for the purposes of perfecting their security interest in all Pledged Collateral in which Notes Agent has a perfected security
interest under the UCC. Each of ABL Agent and Notes Agent hereby accept such
appointmentsappointment pursuant to
this Section 5.4(a) and acknowledge and agree that it shall act for the benefit of and on behalf of the other Agent and the applicable other Claimholders with respect to any Pledged Collateral and that any proceeds received by ABL Agent
or Notes Agent, as the case may be, under any Pledged Collateral shall be applied in accordance with Section 4. Unless and until the Discharge of Notes Obligations, ABL Agent agrees to promptly notify Notes Agent of any Pledged
Collateral constituting Notes Priority Collateral held by it or known by it to be held by any other ABL Claimholders, and, immediatelypromptly upon the request of Notes Agent in writing at any time prior to the Discharge of Notes Obligations, ABL Agent agrees
to deliver to Notes Agent any such Pledged Collateral held by it or by any other ABL Claimholders, together with any necessary endorsements (or otherwise allow Notes Agent to obtain control of such Pledged Collateral). Unless and until the Discharge
of ABL Obligations, Notes Agent agrees to promptly notify ABL Agent of any Pledged Collateral constituting ABL Priority Collateral held by it or known by it to be held by any other Notes Claimholders, and, immediatelypromptly upon the request of ABL
Agent in writing at any time prior to the Discharge of ABL Obligations, Notes Agent agrees to deliver to ABL Agent any such Pledged Collateral held by it or by any other  

  
 35 

 
Notes Claimholders, together with any necessary endorsements (or otherwise allow ABL Agent to obtain control of such Pledged Collateral). ABL Agent hereby agrees that upon the Discharge of
ABL Obligations, upon the written request of Notes Agent, to the extent that the applicable control agreement is in full force and effect and has not been
terminated, ABL Agent shall continue to act as such a gratuitous bailee and non-fiduciary agent for Notes Agent (solely for the purpose of perfecting the security interest granted under the Notes Collateral Documents and at the expense of Grantors) with respect to the deposit account or securities account that is the
subject of such control agreement, until the earlier to occur of (x) 30 days after the date when the Discharge of ABL Obligations has occurred, and (y) the date when a control agreement is executed in favor of Notes Agent with respect to
such deposit account or securities account. 
 (b) ABL Agent and the other ABL Claimholders shall have no obligation whatsoever to
Notes Agent or any other Notes Claimholder to ensure that the Pledged Collateral is genuine or owned by any of Grantors or to preserve rights or benefits of any person except as expressly set forth in this Section 5.4. Notes Agent and
the other Notes Claimholders shall have no obligation whatsoever to ABL Agent or any other ABL Claimholder to ensure that the Pledged Collateral is genuine or owned by any of Grantors or to preserve rights or benefits of any person except as
expressly set forth in this Section 5.4. The duties or responsibilities of ABL Agent under this Section 5.4 shall be limited solely to holding or controlling the Pledged Collateral as a gratuitous bailee and a non-fiduciary
agent in accordance with this Section 5.4 and delivering the Pledged Collateral upon a Discharge of ABL Obligations as provided in paragraph (d) of this Section 5.4. The duties or responsibilities of Notes Agent under
this Section 5.4 shall be limited solely to holding or controlling the Pledged Collateral as a gratuitous bailee and a non-fiduciary agent in accordance with this Section 5.4 and delivering the Pledged Collateral upon a Discharge of Notes
Obligations as provided in paragraph
(ed) of this Section 5.4. 

(c) ABL Agent acting pursuant to this Section 5.4 shall not have by reason of the ABL Collateral Documents, the Notes Collateral
Documents, or this Agreement a fiduciary relationship in respect of Notes Agent or any other Notes Claimholder. Notes Agent acting pursuant to this Section 5.4 shall not have by reason of the ABL Collateral Documents, the Notes
Collateral Documents, or this Agreement a fiduciary relationship in respect of ABL Agent or any other ABL Claimholder. 
 (d) ABL
Agent shall transfer to Notes Agent (i) any proceeds of any ABL Priority Collateral in which Notes Agent continues to hold a security interest remaining following any sale, transfer or other disposition of such ABL Priority Collateral (in each
case, unless Notes Agent’s Lien on all such ABL Priority Collateral is terminated and released prior to or concurrently with such sale, transfer, disposition, payment or
satisfaction and does not continue on the proceeds of such ABL Priority Collateral under Section 5.1), following
the Discharge of ABL Obligations, or (ii) if ABL Agent is in possession of all or any part of such ABL Priority Collateral after the Discharge of ABL Obligations, such ABL Priority Collateral or any part thereof remaining, in each case without
representation or warranty on the part of ABL Agent or any other ABL Claimholder. At such time, ABL Agent further agrees to take all other action reasonably requested by Notes Agent in writing at the expense of the Grantors (including amending any
outstanding control agreements) to enable Notes Agent to obtain a first-priority security interest in the Collateral. To the extent no Notes Obligations that are secured by such  

  
 36 

 
Pledged Collateral remain outstanding as confirmed in writing by Notes Agent (so as to allow such person to obtain possession or control of such Pledged Collateral), ABL Agent shall deliver the
remaining Pledged Collateral (if any) together with any necessary endorsements to Company. Without limiting the foregoing, Notes Agent agrees for itself and each other Notes Claimholder that neither ABL Agent nor any other ABL Claimholder will have
any duty or obligation first to marshal or realize upon the ABL Priority Collateral, or to sell, dispose of or otherwise liquidate all or any portion of the ABL Priority Collateral, in any manner that would maximize the return to the Notes
Claimholders, notwithstanding that the order and timing of any such realization, sale, disposition or liquidation may affect the amount of proceeds actually received by the Notes Claimholders from such realization, sale, disposition or liquidation.

 (e) Notes Agent shall transfer to ABL Agent (i) any proceeds of
any Notes Priority Collateral in which ABL Agent continues to hold a security interest remaining following any sale, transfer or other disposition of such Notes Priority Collateral (in each case, unless ABL Agent’s Lien on all such Notes
Priority Collateral is terminated and released prior to or concurrently with such sale, transfer, disposition, payment or satisfaction), following the Discharge of Notes Obligations, or (ii) if Notes Agent is in possession of all or any part of
such Notes Priority Collateral after the Discharge of Notes Obligations, such Notes Priority Collateral or any part thereof remaining, in each case without representation or warranty on the part of Notes Agent or any other Notes Claimholder. At such
time, Notes Agent further agrees to take all other action reasonably requested by ABL Agent in writing (including amending any outstanding control agreements) to enable ABL Agent to obtain a first-priority security interest in the Collateral. To the
extent no ABL Obligations that are secured by such Pledged Collateral remain outstanding as confirmed in writing by ABL Agent (so as to allow such person to obtain possession or control of such Pledged Collateral), Notes Agent shall deliver the
remaining Pledged Collateral (if any) together with any necessary endorsements to Company. Without limiting the foregoing, ABL Agent agrees for itself and each other ABL Claimholder that neither Notes Agent nor any other Notes Claimholder will have
any duty or obligation first to marshal or realize upon the Notes Priority Collateral, or to sell, dispose of or otherwise liquidate all or any portion of the Notes Priority Collateral, in any manner that would maximize the return to the ABL
Claimholders, notwithstanding that the order and timing of any such realization, sale, disposition or liquidation may affect the amount of proceeds actually received by the ABL Claimholders from such realization, sale, disposition or
liquidation. 
 5.5 When Discharge of Obligations Deemed to Not Have Occurred. 

(a) If the Grantors enter into any Refinancing of the ABL Obligations that is intended to be secured by the ABL Priority Collateral on a
first-priority basis, then a Discharge of ABL Obligations shall be deemed not to have occurred for all purposes of this Agreement, and the obligations under such Refinancing of such ABL Obligations shall be treated as ABL Obligations for all
purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of Collateral set forth herein, and ABL Agent under the ABL Loan Documents effecting such Refinancing shall be ABL Agent for all purposes of this
Agreement. ABL Agent under such ABL Loan Documents shall agree (in a writing addressed to Notes Agent for the benefit of itself and the other Notes Claimholders) to be bound by the terms of this Agreement. 

  
 37 

 (b) If the Grantors enter into any Refinancing of the Notes Obligations that is intended to be
secured by the Notes Priority Collateral on a first-priority basis, then a Discharge of Notes Obligations shall be deemed not to have occurred for all purposes of this Agreement, and the obligations under such Refinancing of such Notes Obligations
shall be treated as Notes Obligations for all purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of Collateral set forth herein, and the lender or group of lenders or any of their designees under the
Notes Documents effecting such Refinancing shall be Notes Agent for all purposes of this Agreement. The lender or group of lenders or any of their designees under such Notes Documents shall agree (in a writing addressed to ABL Agent for the benefit
of itself and the other ABL Claimholders) to be bound by the terms of this Agreement. 
 5.6 Injunctive Relief. Should any
Claimholder in any way take, attempt to take, or threaten to take any action contrary to terms of this Agreement with respect to the Collateral, or fail to take any action required by this Agreement, Notes Agent, ABL Agent or any other Claimholder
may obtain relief against such Claimholder by injunction, specific performance, or other appropriate equitable relief, it being understood and agreed by each of ABL Agent, Notes Agent and each Claimholder that (a) non-breaching
Claimholders’ damages from such actions may at that time be difficult to ascertain and may be irreparable, and (b) each Claimholder waives any defense that such Claimholders cannot demonstrate damage and/or be made whole by the awarding of
damages. ABL Agent, Notes Agent and each Claimholder hereby irrevocably waive any defense based on the adequacy of a remedy at law and any other defense which might be asserted to bar the remedy of specific performance in any action which may be
brought by ABL Agent or any other ABL Claimholders or Notes Agent or any other Notes Claimholders, as the case may be. 
 SECTION 6. Insolvency
Proceedings. 
 6.1 Enforceability and Continuing Priority. This Agreement shall be applicable both before and after the
commencement of any Insolvency Proceeding and all converted or succeeding cases in respect thereof. The relative rights of Claimholders in or to any distributions from or in respect of any Collateral or proceeds of Collateral shall continue after
the commencement of any Insolvency Proceeding. Accordingly, the provisions of this Agreement (including the provisions of Section 2.1 hereof) are intended to be and shall be enforceable as a subordination agreement within the meaning of
Section 510(a) of the Bankruptcy Code. 
 6.2 Financing. 

(a) Until the Discharge of ABL Obligations, if any Grantor shall be subject to any Insolvency Proceeding and ABL Agent consents to the
use of cash collateral (as such term is defined in Section 363(a) of the Bankruptcy Code) constituting ABL Priority Collateral (herein, “ABL Cash Collateral”), or to permit any Grantor to obtain financing provided by any one or
more ABL Claimholders under Section 364 of the Bankruptcy Code or any similar Bankruptcy Law secured by a Lien on such ABL Priority Collateral that is (i) senior or pari passu with the Liens on the ABL Priority Collateral
securing the ABL Obligations and (ii) junior to the Liens on the Notes Priority Collateral securing the Notes Obligations (such financing, an “ABL DIP Financing”), and if the Grantors desire to obtain authorization from the
Bankruptcy Court to use such ABL Cash Collateral or to obtain such ABL DIP Financing, then Notes Agent agrees that it  

  
 38 

 
will consent (and will be deemed to have consented) to, will raise no objection to, nor support any other person objecting to, the use of such ABL Cash Collateral or such ABL DIP Financing
(including, except as set forth in clause
(c3) below, any objection based on
an assertion that the Notes Claimholders are entitled to adequate protection of their interest in the Collateral as a condition thereto), and Notes Agent will subordinate its Liens in the ABL Priority Collateral to the Liens securing such ABL DIP
Financing, to the extent any Liens securing the ABL Obligations are discharged, subordinated to, or made pari passu with any new Liens securing such ABL DIP Financing and to any replacement or additional Liens granted as adequate
protection of the interests of the ABL Claimholders in the Collateral (“ABL Adequate Protection Lien”), in each case to the extent consistent with the other provisions of this Agreement; provided that (a1) Notes Agent retains its Lien on the
Collateral existing as of the date of the commencement of the Insolvency Proceeding to secure the Notes Obligations (in each case, including proceeds thereof arising after the commencement of the Insolvency Proceeding) and, as to the Notes Priority
Collateral only, such Lien has the same priority as existed prior to the commencement of the Insolvency Proceeding and any Lien on the Notes Priority Collateral securing such ABL DIP Financing and any ABL Adequate Protection Lien on the Notes
Priority Collateral (and all obligations relating thereto, including any “carve-out” in favor of fees and expenses of professionals retained by any debtor or creditors’ committee as agreed to by ABL Agent and the other ABL
Claimholders with respect to ABL Priority Collateral) is junior and subordinate to the Lien of Notes Agent on the Notes Priority Collateral, (b2) all Liens on ABL Priority Collateral securing any such ABL DIP Financing shall be senior to or made pari
passu with the Liens of ABL Agent and the other ABL Claimholders securing the ABL Obligations on ABL Priority Collateral, (c3) to the extent that ABL Agent is granted an ABL Adequate Protection Lien on Collateral arising after the commencement of the
Insolvency Proceeding or additional payments or claims, the Notes Claimholders shall be entitled to seek a Lien on such additional Collateral with the relative priority set forth in Section 2.1 (and no ABL Agent or other ABL Claimholder
shall oppose any motion by any Notes Claimholder with respect to the granting of such a Lien), and
(d4) the terms of such ABL DIP
Financing or ABL Cash Collateral order do not either require such Notes Claimholders to extend additional credit pursuant to such ABL DIP Financing or authorize the use of cash collateral consisting of Notes Priority Collateral. The ABL Claimholders
agree not to offer to provide any ABL DIP Financing that does not meet the requirements set forth in clauses (a1) through (b4) above. If ABL Claimholders offer to provide ABL DIP Financing that meets the requirements set forth in clauses (a1) through (d4) above in this paragraph, and if the
Grantors desire to obtain authorization from the Bankruptcy Court to obtain such ABL DIP Financing, Notes Agent agrees, on behalf of itself and the other Notes Claimholders, that no Notes Claimholder shall, directly or indirectly, provide, offer to
provide, or support any financing competing with the ABL DIP Financing to be secured by a Lien on the ABL Priority Collateral that is senior to or pari passu with the Liens on the ABL Priority Collateral securing the ABL Obligations.
The foregoing provisions of this Section 6.2(a) shall not prevent Notes Agent from objecting to any provision in any ABL Cash Collateral order or ABL DIP Financing documentation relating to any provision or content of a plan of
reorganization. ABL Agent, on behalf of itself and the other ABL Claimholders, agrees that no such Person shall provide to such Grantor any financing under Section 364 of the Bankruptcy Code to the extent that ABL Agent or any other ABL
Claimholder would, in connection with such financing, be granted a Lien on the Notes Priority Collateral senior to or pari passu with any Liens of Notes Agent. If, in connection with any ABL 

  
 39 

 
Cash Collateral use or ABL DIP Financing, any Liens on the ABL Priority Collateral held by ABL Claimholders are subject to a surcharge or are subordinated to an administrative priority claim, a
professional fee “carve out,” or fees owed to the United State Trustee, then the Liens on the ABL Priority Collateral of Notes Claimholders shall also be subordinated to such interest or claim and shall remain subordinated to the Liens on
the ABL Priority Collateral of ABL Claimholders consistent with this Agreement. 
 (b) Until the Discharge of Notes Obligations, if
any Grantor shall be subject to any Insolvency Proceeding and Notes Agent consents to the use of cash collateral (as such term is defined in Section 363(a) of the Bankruptcy Code) constituting Notes Priority Collateral (herein, “Notes
Cash Collateral”), or to permit any Grantor to obtain financing provided by any one or more Notes Claimholders under Section 364 of the Bankruptcy Code or any similar Bankruptcy Law secured by a Lien on such Notes Priority Collateral
that is (i) senior or pari passu with the Liens on the Notes Priority Collateral securing the Notes Obligations and (ii) junior to the Liens on the ABL Priority Collateral securing the ABL Obligations (such financing, a
“Notes DIP Financing”), and if the Grantors desire to obtain authorization from the Bankruptcy Court to use such Notes Cash Collateral or to obtain such Notes DIP Financing, then ABL Agent agrees that it will consent (and will be
deemed to have consented) to, will raise no objection to, nor support any other person objecting to, the use of such Notes Cash Collateral or such Notes DIP Financing (including,
except as set forth in clause (c) below, any objection based on an assertion that the ABL Claimholders are entitled to adequate protection of their interest in the Collateral as a condition thereto), and ABL Agent will
subordinate its Liens, if any, in the Notes Priority Collateral to the Liens securing such Notes DIP Financing, to
the extent any Liens securing the Notes Obligations are discharged, subordinated to, or made pari passu with any new Liens securing such Notes DIP Financing and to any replacement or additional Liens granted as adequate protection of
the interests of the Notes Claimholders in the Collateral (“Notes Adequate Protection Lien”), in each case to the extent consistent with the other provisions of this Agreement; provided that (a1) ABL Agent retains its Lien on the
Collateral existing as of the date of the commencement of the Insolvency Proceeding to secure the ABL Obligations (in each case, including proceeds thereof arising after the commencement of the Insolvency Proceeding) and, as to the ABL Priority
Collateral only, such Lien has the same priority as existed prior to the commencement of the Insolvency Proceeding and any Lien on the ABL Priority Collateral securing such Notes DIP Financing and any Notes Adequate Protection Lien on the ABL
Priority Collateral (and all obligations relating thereto, including any “carve-out” in favor of fees and expenses of professionals retained by any debtor or creditors’ committee as agreed to by Notes Agent and the other Notes
Claimholders with respect to Notes Priority Collateral) is junior and subordinate to the Lien of ABL Agent on the ABL Priority Collateral, (b2) all Liens on Notes Priority Collateral securing any such Notes DIP Financing shall be senior to or made pari
passu with the Liens of Notes Agent and the other Notes Claimholders securing the Notes Obligations on Notes Priority Collateral, (c) to the extent that Notes Agent is
granted an Notes Adequate Protection Lien on Collateral arising after the commencement of the Insolvency Proceeding or additional payments or claims, the ABL Claimholders shall be entitled to seek a Lien on such additional Collateral with the
relative priority set forth in Section 2.1 (and no Notes Agent or Notes Claimholder shall oppose any motion by any ABL Claimholder with respect to the granting of such a Lien), and (d3) the terms of such Notes DIP Financing or
Notes Cash Collateral order do not either require such ABL Claimholders to extend additional credit pursuant to such Notes DIP Financing or authorize  

  
 40 

 
the use of cash collateral consisting of ABL Priority Collateral. The Notes Claimholders agree not to offer to provide any Notes DIP Financing that does not meet the requirements set forth in
clauses (a1) through (d3) above. If Notes Claimholders offer to
provide Notes DIP Financing that meets the requirements set forth in clauses
(a1) through (d3) above in this paragraph, and if the
Grantors desire to obtain authorization from the Bankruptcy Court to obtain such Notes DIP Financing, ABL Agent agrees, on behalf of itself and the other ABL Claimholders, that no ABL Claimholder shall, directly or indirectly, provide, offer to
provide, or support any financing competing with the Notes DIP Financing to be secured by a Lien on the Notes Priority Collateral that is senior to or pari passu with the Liens on the Notes Priority Collateral securing the Notes
Obligations. The foregoing provisions of this Section 6.2(b) shall not prevent ABL Agent from objecting to any provision in any Notes Cash Collateral order or Notes DIP Financing documentation relating to any provision or content of a
plan of reorganization. Notes Agent, on behalf of itself and the other Notes Claimholders, agrees that no such Person shall provide to such Grantor any financing under Section 364 of the Bankruptcy Code to the extent that Notes Agent or any
other Notes Claimholder would, in connection with such financing, be granted a Lien on the ABL Priority Collateral senior to or pari passu with any Liens of ABL Agent. If, in connection with any Notes Cash Collateral use or Notes DIP
Financing, any Liens on the Notes Priority Collateral held by Notes Claimholders are subject to a surcharge or are subordinated to an administrative priority claim, a professional fee “carve out,” or fees owed to the United State Trustee,
then the Liens on the Notes Priority Collateral of ABL Claimholders shall also be subordinated to such interest or claim and shall remain subordinated to the Liens on the Notes Priority Collateral of Notes Claimholders consistent with this
Agreement. 
 (c) All Liens granted to ABL Agent or Notes Agent in any Insolvency Proceeding, whether as adequate protection or otherwise,
are intended by the parties to be and shall be deemed to be subject to the Lien priorities in Section 2.1 and the other terms and conditions of this Agreement. 

6.3 Sales. Subject to Sections 3.4(a) and 3.8, each of Notes Agent and ABL Agent agrees that it will consent, and will
not object or oppose, or support any party in opposing, a motion to Dispose of any Priority Collateral of the other Agent free and clear of any Liens or other claims under Section 363 or any other provision of the Bankruptcy Code if, in the
case of ABL Priority Collateral, the requisite ABL Claimholders under the ABL Credit Agreement and ABL Agent have consented to such Disposition of such ABL Priority Collateral, or, in the case of Notes Priority Collateral, Notes Claimholders under
the Indenture and Notes Agent have consented to such Disposition of such Notes Priority Collateral, such motion does not impair, subject to the priorities set forth in this Agreement, the rights of such party under Section 363(k) of the
Bankruptcy Code (so long as the right of any Notes Claimholder to offset its claim against the purchase price for any ABL Priority Collateral exists only after the ABL Obligations have been paid in full in cash, and so long as the right of any ABL
Claimholder to offset its claim against the purchase price for any Notes Priority Collateral exists only after the Notes Obligations have been paid in full in cash), and the terms of any proposed order approving such transaction provide for the
respective Liens to attach to the proceeds of the Priority Collateral that is the subject of such Disposition, subject to the Lien priorities in Section 2.1 and the other terms and conditions of this Agreement. Each of Notes Agent and
ABL Agent further agrees that it will not oppose, or support any party in opposing, the right of the other party to credit bid under Section 363(k) of the Bankruptcy Code, subject to the provision of the immediately preceding sentence. 

  
 41 

 6.4 Relief from the Automatic Stay. 

(a) Until the Discharge of ABL Obligations has occurred, Notes Agent agrees not to seek (or support any other person seeking) relief from the
automatic stay or any other stay in any Insolvency Proceeding in respect of the ABL Priority Collateral, without the prior written consent of ABL Agent, unless (x) ABL Agent already has filed a motion (which remains pending) for such relief
with respect to its interest in such Collateral and (y) a corresponding motion, in the reasonable judgment of Notes Agent, should be filed for the purpose of preserving such Agent’s ability to receive residual distributions pursuant to
Section 4.1, although Notes Agent and the other Notes Claimholders shall otherwise remain subject to the applicable restrictions in Section 3.1 following the granting of any such relief from the automatic stay. 

(b) Until the Discharge of Notes Obligations has
occurred and without implying that the ABL Claimholders have a Lien on the Notes Priority Collateral, ABL Agent
agrees not to seek (or support any other person seeking) relief from the automatic stay or any other stay in any Insolvency Proceeding in respect of the Notes Priority Collateral, without the prior written consent of Notes Agent, unless
(x) Notes Agent already has filed a motion (which remains pending) for such relief with respect to its interest, if
any, in such Collateral and (y) a corresponding motion, in the reasonable judgment of ABL Agent, should be filed for the purpose of preserving such Agent’s ability to receive residual distributions, if any, pursuant to Section 4.1, although ABL Agent and the other ABL Claimholders shall otherwise remain
subject to the applicable restrictions in Section 3.2 following the granting of any such relief from the automatic stay. 

6.5 Adequate Protection. 

(a) In any Insolvency Proceeding involving a Grantor, each of ABL Agent, each other ABL Claimholder, Notes Agent and each other Notes
Claimholder agrees that it will not oppose or contest (or support any other person opposing or contesting) (and instead shall be deemed to have hereby irrevocably, absolutely and unconditionally waived any right to do so): (i) any request by
Notes Agent or any other Notes Claimholder, with respect to the Notes Priority Collateral prior to the Discharge of Notes Obligations, or any request by ABL Agent or any other ABL Claimholder, with respect to the ABL Priority Collateral prior to the
Discharge of ABL Obligations, in each case, for adequate protection for the application of proceeds of ABL Priority Collateral to the ABL Obligations, or the proceeds of Notes Priority Collateral to the Notes Obligations, as applicable, and, with
respect to Liens on the ABL Priority Collateral or the Notes Priority Collateral, as applicable, for replacement or additional Liens on post-petition assets of the same type as the ABL Priority Collateral or the Notes Priority Collateral, as
applicable, or (ii) as applicable, (A) any (1) objection by ABL Agent or the other ABL Claimholders to any motion, relief, action or proceeding based on ABL Agent or the other ABL Claimholders claiming a lack of adequate protection
with respect to their Liens in the ABL Priority Collateral, or (2) request by ABL Agent or the other ABL Claimholders for relief from the automatic stay with respect to the ABL Priority Collateral, or (B) any (1) objection by Notes
Agent or the other Notes Claimholders to any motion, relief, action or proceeding based on Notes Agent or the 

  
 42 

 
other Notes Claimholders claiming a lack of adequate protection with respect to their Liens in the Notes Priority Collateral or (2) request by Notes Agent or the other Notes Claimholders
for relief from the automatic stay with respect to the Notes Priority Collateral; provided, however, that (x) ABL Agent and the other ABL Claimholders may object to any request for adequate protection that would result in any
adequate protection payments to Notes Agent or other Notes Claimholders being made with any ABL Priority Collateral, or with any advances made pursuant to any ABL DIP Financing prior to the Discharge of ABL Obligations and (y) Notes Agent and
other Notes Claimholders may object to any request for adequate protection that would result in any adequate protection payments to ABL Agent or other ABL Claimholders being made with any Notes Priority Collateral, or with any advances made pursuant
to any Notes DIP Financing prior to the Discharge of Notes Obligations. If ABL Agent, for itself and on behalf of the other ABL Claimholders, seeks or requires (or is otherwise
granted) adequate protection of its junior interest in the Notes Priority Collateral in the form of a replacement or additional Lien on the post-petition assets of the same type as the Notes Priority Collateral, then ABL Agent, for itself and the
other ABL Claimholders, agrees that Notes Agent shall also be granted a replacement or additional Lien on such post-petition assets as adequate protection of its senior interest in the Notes Priority Collateral and that ABL Agent’s replacement
or additional Lien shall be subordinated to the replacement or additional Lien of Notes Agent on the same basis as the Liens of ABL Agent on the Notes Priority Collateral are subordinated to the Liens of Notes Agent on the Notes Priority Collateral
under this Agreement; in that regard, ABL Agent, for itself and the other ABL Claimholders, further agrees that it will not accept any such replacement or additional Liens on such post-petition assets of the same type as the
Notes Priority Collateral unless Notes Agent shall also have received a replacement or additional Lien thereon as adequate protection of its senior interest in the Notes Priority Collateral that is superior to the additional or replacement Liens so
granted to ABL Agent. If Notes Agent, for itself and on behalf of the other Notes Claimholders, seeks or requires (or is otherwise granted) adequate protection of its junior interest in the ABL Priority Collateral in the form of a replacement or
additional Lien on the post-petition assets of the same type as the ABL Priority Collateral, then Notes Agent, for itself and the other Notes Claimholders, agrees that ABL Agent shall also be granted a replacement or additional Lien on such
post-petition assets as adequate protection of its senior interest in the ABL Priority Collateral and that Notes Agent’s replacement or additional Lien shall be subordinated to the replacement or additional Lien of ABL Agent on the same basis
as the Liens of Notes Agent on the ABL Priority Collateral are subordinated to the Liens of ABL Agent on the ABL Priority Collateral under this Agreement; in that regard, Notes Agent, for itself and the other Notes Claimholders, further agrees that
it will not accept any such replacement or additional Liens on such post-petition assets of the same type as the ABL Priority Collateral unless ABL Agent shall also have received a replacement or additional Lien thereon as adequate protection of its
senior interest in the ABL Priority Collateral that is superior to the additional or replacement Liens so granted to Notes Agent.
ABL Agent may object to any request of adequate protection that would result in such adequate protection being made with a Lien on ABL Priority Collateral senior to the Lien of ABL Agent. Notes Agent may object to any request of adequate protection
that would result in such adequate protection being made with a Lien on Notes Priority Collateral senior to the Lien of Notes Agent. 

  
 43 

 (b) Subject to Sections 6.2 and 6.5(a), and other provisions hereof, in any
Insolvency Proceeding involving a Grantor, (i) Notes Agent and the other Notes Claimholders may seek, without objection from ABL Claimholders, adequate protection with respect to their rights in the Notes Priority Collateral, and (ii) ABL
Agent and the other ABL Claimholders may seek, without objection from Notes Claimholders, adequate protection with respect to their rights in the ABL Priority Collateral; provided that if any of Notes Agent, the Notes Claimholders, ABL Agent
or the ABL Claimholders are granted adequate protection in the form of a replacement or additional Lien (on existing or future assets of Grantors), claim, payment or otherwise, such replacement or additional Lien or other adequate protection shall
be subject to the terms of this Agreement. 
 (c) Neither Notes Agent nor any other Notes Claimholder shall object to, oppose, or challenge
any claim or order by ABL Agent or any other ABL Claimholder for allowance or payment, including, without limitation, current payment, in any Insolvency Proceeding of ABL Obligations consisting of post-petition interest, fees, or expenses with the
ABL Priority Collateral (so long as any post-petition interest paid as a result thereof is not paid from the proceeds of Notes Priority Collateral) or with any advances made pursuant to any ABL DIP Financing or for relief through the automatic stay
with respect to the ABL Priority Collateral. 
 (d) Neither ABL Agent nor any other ABL Claimholder shall object to, oppose, or challenge any
claim or order by Notes Agent or any other Notes Claimholder for allowance or payment, including, without limitation, current payment, in any Insolvency Proceeding of Notes Obligations consisting of post-petition interest, fees, or expenses with the
Notes Priority Collateral (so long as any post-petition interest paid as a result thereof is not paid from the proceeds of ABL Priority Collateral) or with any advances made pursuant to any Notes DIP Financing or for relief through the automatic
stay with respect to the Notes Priority Collateral. 
 (e) Notes Agent, for itself and on behalf of the other Notes Claimholders, may seek
adequate protection of its junior interest in the ABL Priority Collateral, subject to the provisions of this Agreement (including Section 6.5(a) above); provided that (x) ABL Agent is granted adequate protection in the form
of a senior replacement or additional Lien on post-petition assets of the same type as the ABL Priority Collateral and (y) such adequate protection required by Notes Agent is in the form of a junior replacement or additional Lien on
post-petition assets of the same type as the ABL Priority Collateral. 
 (f) Nothing in this Agreement shall prohibit or restrict ABL Agent, for itself and on behalf of the other ABL Claimholders, may seek adequate protection of its junior interest in the Notes Priority Collateral, subject to the provisions of this Agreement (including Section 6.5(a) above);
provided that (x) Notes Agent is grantedfrom seeking and retaining adequate
protection in the form of a senior replacement
orjunior priority additional Lien on
post-petition assets of the same type as
theany Notes Priority Collateral
and (y) such adequate protection required by ABL Agent is in the form of a junior replacement or additional Lienor on post-petition assets of the same type as the Notes Priority Collateral. 

  
 44 

 (g) Neither Notes Agent nor any other Notes Claimholder shall object to, oppose, or challenge any
claim by ABL Agent or any other ABL Claimholder for allowance in any Insolvency Proceeding of ABL Obligations consisting of post-petition interest, fees, or expenses. 

(h) Neither ABL Agent nor any other ABL Claimholder shall object to, oppose, or challenge any claim by Notes Agent or any other Notes
Claimholder for allowance in any Insolvency Proceeding of Notes Obligations consisting of post-petition interest, fees, or expenses. 
 6.6
Section 1111(b) of the Bankruptcy Code. 
 (a) Notes Agent, for itself and on behalf of the other Notes Claimholders, 

shall not object to, oppose, support any objection to, or take any other action to impede, the right of any ABL Claimholder to make an election
under Section 1111(b)(2) of the Bankruptcy Code. Notes Agent, for itself and on behalf of the other Notes Claimholders, waives any claim they may hereafter have against any ABL Claimholder arising out of the election by any ABL Claimholder of
the application of Section 1111(b)(2) of the Bankruptcy Code and Section 364 of the Bankruptcy Code. 
 (b) ABL Agent, for itself
and on behalf of the other ABL Claimholders, shall not object to, oppose, support any objection to, or take any other action to impede, the right of any Notes Claimholder to make an election under Section 1111(b)(2) of the Bankruptcy Code. ABL
Agent, for itself and on behalf of the other ABL Claimholders, waives any claim they may hereafter have against any Notes Claimholder arising out of the election by any Notes Claimholder of the application of Section 1111(b)(2) of the
Bankruptcy Code and Section 364 of the Bankruptcy Code. 
 6.7 No Waiver. Except as set forth in this Agreement, nothing
contained herein shall prohibit or in any way limit any Agent or any Claimholder from objecting in any Insolvency Proceeding involving a Grantor to any action taken by the other Agent or any other Claimholders, including the seeking by the other
Agent or any other Claimholder of adequate protection or the assertion by the other Agent or any other Claimholders of any of its rights and remedies under the ABL Loan Documents
or, the Notes Documents or the Other Pari Passu Lien Obligations Agreement, as applicable. 

6.8 Avoidance Issues. If any Claimholder is required in any Insolvency Proceeding or otherwise to turn over, disgorge or otherwise pay
to the estate of any Grantor any amount paid in respect of the Obligations of such Claimholder (a “Recovery”), then such Claimholders shall be entitled to a reinstatement of the applicable Obligations with respect to all such
recovered amounts, and all rights, interests, priorities and privileges recognized in this Agreement shall apply with respect to any such Recovery. If this Agreement shall have been terminated prior to such Recovery, this Agreement shall be
reinstated in full force and effect, and such prior termination shall not diminish, release, discharge, impair, or otherwise affect the obligations of the parties hereto from such date of reinstatement. 

  
 45 

 6.9 Plan of Reorganization. 

(a) If, in any Insolvency Proceeding involving a Grantor, debt obligations of the reorganized debtor secured by Liens upon any property of the
reorganized debtor are distributed or reinstated (in whole or in part) pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of ABL Obligations and on account of Notes Obligations, then, to the extent the
debt obligations distributed on account of the ABL Obligations and on account of the Notes Obligations are secured by Liens upon the same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to
such plan and will apply with like effect to the Liens securing such debt obligations. 
 (b) No Claimholder shall propose or support any
plan of reorganization that is inconsistent with the priorities or other provisions of this Agreement. 
 6.10 Separate Grants of
Security and Separate Classification. ABL Agent, on behalf of the ABL Claimholders, and Notes Agent, on behalf of the Notes Claimholders, acknowledge and intend that the respective grants of Liens pursuant to the ABL Collateral Documents and the
Notes Collateral Documents constitute two separate and distinct grants of Liens, and because of, among other things, their differing rights in the Collateral (i) the Notes Obligations are fundamentally different from the ABL Obligations and
(ii) the ABL Obligations are fundamentally different from the Notes Obligations and, in each case, must be separately classified in any plan of reorganization proposed or confirmed (or approved) in an Insolvency Proceeding. To further
effectuate the intent of the parties as provided in the immediately preceding sentence, if it is held that the claims of the ABL Claimholders and the Notes Claimholders in respect of the Collateral constitute claims in the same class (rather than at
least two separate classes of secured claims with the priorities described in Section 2.1), then the ABL Claimholders and the Notes Claimholders hereby acknowledge and agree that all distributions shall be made as if there were two
separate classes of ABL Obligations and Notes Obligations (with the effect being that, to the extent that (i) the aggregate value of the ABL Claimholders’ ABL Priority Collateral is sufficient (for this purpose ignoring all claims held by
the Notes Claimholders thereon), the ABL Claimholders shall be entitled to receive, in addition to amounts distributed to them in respect of principal, pre-petition interest and other claims, all amounts owing in respect of post-petition interest,
fees or expenses that is available from their ABL Priority Collateral (regardless of whether any such claims may or may not be allowed or allowable in whole or in part as against the Grantor in the respective Insolvency Proceeding pursuant to
Section 506(b) of the Bankruptcy Code or otherwise), before any distribution is made in respect of the Notes Obligations with respect to such Collateral, with each Notes Claimholder acknowledging and agreeing to turn over to ABL Agent with
respect to such Collateral amounts otherwise received or receivable by them to the extent necessary to effectuate the intent of this sentence, even if such turnover has the effect of reducing the aggregate recoveries of the Notes Obligations and
(ii) the aggregate value of the Notes Claimholders’ Notes Priority Collateral is sufficient (for this purpose ignoring all
claims, if any, held by the ABL Claimholders thereon), the Notes
Claimholders shall be entitled to receive, in addition to amounts distributed to them in respect of principal, pre-petition interest and other claims, all amounts owing in respect of post-petition interest, fees or expenses that is available from
their Notes Priority Collateral (regardless of whether any such claims may or may not be allowed or allowable in whole or in part as against the Grantor in the respective Insolvency Proceeding pursuant to Section 506(b) of the Bankruptcy Code
or otherwise), before any distribution is made in respect of the ABL Obligations with respect to such Collateral, with each ABL Claimholder acknowledging and agreeing to turn over to Notes Agent with respect to such Collateral amounts otherwise
received or receivable by them to the extent necessary to effectuate the intent of this sentence, even if such turnover has the effect of reducing the aggregate recoveries of the ABL Obligations). 

  
 46 

 SECTION 7. Reliance; Waivers; Etc. 

7.1 Reliance. Other than any reliance on the terms of this Agreement, ABL Agent, on behalf of the ABL Claimholders, acknowledges
that it and the other ABL Claimholders have, independently and without reliance on Notes Agent or any other Notes Claimholders, and based on documents and information deemed by them appropriate, made their own credit analysis and decision to enter
into of the ABL Loan Documents and be bound by the terms of this Agreement and they will continue to make their own credit decision in taking or not taking any action under the ABL Loan Documents or this Agreement. Other than any reliance on the
terms of this Agreement, Notes Agent, on behalf of the other Notes Claimholders, acknowledges that it and the other Notes Claimholders have, independently and
without reliance on ABL Agent or any other ABL Claimholder, and based on documents and information deemed by them appropriate, made their own credit analysis and decision to enter into
(or cause the Notes Collateral Agent to enter into) each of the Notes Documents or the Other Pari Passu Lien Obligations Agreement and be bound by the terms of this Agreement and they will continue to make
their own credit decision in taking or not taking any action under the Notes Documents, the Other Pari Passu Lien Obligations
Agreement or this Agreement. 
 7.2 No Warranties or Liability. ABL Agent, on behalf of the ABL
Claimholders, acknowledges and agrees that Notes Agent and each of the other Notes Claimholders have made no express or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectability, or
enforceability of any of the Notes Documents, any Other Pari Passu Lien Obligations Agreement, the ownership of any
Collateral, or the perfection or priority of any Liens thereon. Except as otherwise expressly provided herein, Notes Agent and the other Notes Claimholders will be entitled to manage and supervise their respective loans and extensions of credit
under the Notes Documents or the Other Pari Passu Lien Obligations Agreement in accordance with law and as they may
otherwise, in their sole discretion, deem appropriate. Notes Agent, on behalf of the Notes Claimholders, acknowledges and agrees that ABL Agent and each of the other ABL Claimholders have made no express or implied representation or warranty,
including with respect to the execution, validity, legality, completeness, collectability, or enforceability of any of the ABL Loan Documents, the ownership of any Collateral, or the perfection or priority of any Liens thereon. Except as otherwise
expressly provided herein, ABL Agent and the other ABL Claimholders will be entitled to manage and supervise their respective loans and extensions of credit under the ABL Loan Documents in accordance with law and as they may otherwise, in their sole
discretion, deem appropriate. Except as expressly provided herein, Notes Agent and other Notes Claimholders shall have no duty to ABL Agent or any other ABL Claimholders, and ABL Agent and the other ABL Claimholders shall have no duty to Notes Agent
or any other Notes Claimholders, to act or refrain from acting in a manner that allows, or results in, the occurrence or continuance of an event of default or default under any agreements with any Grantor (including the ABL Loan Documents and, the Notes Documents and the Other Pari Passu Lien Obligations Agreement), regardless of any knowledge thereof which they may have or be charged
with. Notes Agent hereby waives to the fullest extent permitted by law any claim that  

  
 47 

 
may be had against ABL Agent or any other ABL Claimholder in the absence
of gross negligence or willful misconduct arising out of any actions which ABL Agent or such other ABL Claimholder takes or omits to take (including actions with respect to the creation, perfection or continuation of Liens on any
Collateral, actions with respect to the foreclosure upon, sale, release or depreciation of, or failure to realize upon, any of the Collateral and actions with respect to the collection of any claim for all or any part of the ABL Obligations from any
account debtor, guarantor or any other party), or the valuation, use, protection or release of any security for such ABL Obligations. ABL Agent hereby waives to the fullest extent permitted by law any claim that may be had against Notes Agent or any
other Notes Claimholder arising out of any actions which Notes Agent or such Notes Claimholder takes or omits to take (including actions with respect to the creation, perfection or continuation of Liens on any Collateral, actions with respect to the
foreclosure upon, sale, release or depreciation of, or failure to realize upon, any of the Collateral and actions with respect to the collection of any claim for all or any part of the Notes Obligations from any account debtor, guarantor or any
other party), or the valuation, use, protection or release of any security for such Notes Obligations. 
 7.3 No Waiver of Lien
Priorities. 
 (a) No right of ABL Claimholders, ABL Agent or any of them to enforce any provision of this Agreement or any ABL
Loan Document shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any Grantor or by any act or failure to act by any ABL Claimholder or ABL Agent, or by any noncompliance by any person with the terms,
provisions, and covenants of this Agreement, any of the ABL Loan Documents
or, any of the Notes
Documents or the Other Pari Passu Lien Obligations Agreement, regardless of any knowledge thereof which ABL Agent or
other ABL Claimholders, or any of them, may have or be otherwise charged with. No right of Notes Claimholders, Notes Agent or any of them to enforce any provision of this Agreement
or, any Notes Document
or any Other Pari Passu Lien Obligations Agreement shall at any time in any way be prejudiced or impaired by any act
or failure to act on the part of any Grantor or by any act or failure to act by any Notes Claimholder or Notes Agent, or by any noncompliance by any person with the terms, provisions, and covenants of this Agreement, any of the Notes Documents or, any of the ABL Loan Documents or the Other Pari Passu Lien Obligations Agreement, regardless of any knowledge thereof which Notes Agent or other Notes
Claimholders, or any of them, may have or be otherwise charged with. 
 (b) Without in any way limiting the generality of the
foregoing paragraph (but subject to any rights of Grantors under the ABL Loan Documents
and, the Notes Documents
and the Other Pari Passu Lien Obligations Agreement and subject to the provisions of Section 5.3(a)), ABL
Claimholders, ABL Agent and any of them may, at any time and from time to time in accordance with the ABL Loan Documents and/or applicable law, without the consent of, or notice to, Notes Agent or any other Notes Claimholders, without incurring any
liabilities to Notes Agent or any Notes Claimholders and without impairing or releasing the Lien priorities and other benefits provided in this Agreement (even if any right of subrogation or other right or remedy of Notes Agent or any other Notes
Claimholders is affected, impaired, or extinguished thereby) do any one or more of the following: 

  
 48 

 (i) change the manner, place, or terms of payment or change or extend the time of
payment of, or amend, renew, exchange, increase, or alter, the terms of any of the ABL Obligations or any Lien on any ABL Collateral or guarantee thereof or any liability of any Grantor, or any liability incurred directly or indirectly in respect
thereof (including any increase in or extension of the ABL Obligations, without any restriction as to the tenor or terms of any such increase or extension) or otherwise amend, renew, exchange, extend, modify, or supplement in any manner any Liens
held by ABL Agent or any other ABL Claimholders, the ABL Obligations, or any of the ABL Loan Documents; 
 (ii) sell,
exchange, release, surrender, realize upon, enforce or otherwise deal with in any manner and in any order any part of the ABL Priority Collateral or any liability of any Grantor to ABL Claimholders or ABL Agent, or any liability incurred directly or
indirectly in respect thereof; 
 (iii) settle or compromise any ABL Obligation or any other liability of any Grantor or any
security therefor or any liability incurred directly or indirectly in respect thereof and apply any sums by whomsoever paid and however realized to any liability (including the ABL Obligations) in any manner or order that is not inconsistent with
the terms of this Agreement; and 
 (iv) exercise or delay in or refrain from exercising any right or remedy against any
Grantor or any other person, elect any remedy and otherwise deal freely with any Grantor or any ABL Priority Collateral and any security and any guarantor or any liability of any Grantor to ABL Claimholders or any liability incurred directly or
indirectly in respect thereof. 
 (c) Except as otherwise provided herein, Notes Agent also agrees that ABL Claimholders and ABL Agent
shall have no liability to Notes Agent or any other Notes Claimholders, and Notes Agent hereby waives any claim against any ABL Claimholder or any other ABL
Agent, arising out of any and all actions which ABL Claimholders or ABL Agent may, pursuant to the terms hereof, take, permit or omit to take with respect
to: 
 (i) the ABL Loan Documents; 

(ii) the collection of the ABL Obligations; or 

(iii) the foreclosure upon, or sale, liquidation, or other Disposition of, or the failure to foreclose upon, or sell,
liquidate, or otherwise Dispose of, any ABL Priority Collateral. Notes Agent agrees that ABL Claimholders and ABL Agent have no duty to the Notes Claimholders in respect of the maintenance or preservation of the ABL Priority Collateral, the ABL
Obligations, or otherwise. 
 (d) Subject to any rights of Grantors under the Notes Documents and subject to the provisions of
Section 5.3(b), Notes Agent may, at any time and from time to time in accordance with the Notes Documents and/or applicable law, without the consent of, or notice to, ABL Agent or any other ABL Claimholders, without incurring any
liabilities to ABL Agent or any other ABL Claimholders and without impairing or releasing the Lien priorities and other benefits provided in this Agreement (even if any right of subrogation or other right or remedy of ABL Agent or any other ABL
Claimholders is affected, impaired, or extinguished thereby) do any one or more of the following: 

  
 49 

 (i) change the manner, place, or terms of payment or change or extend the time of
payment of, or amend, renew, exchange, increase, or alter, the terms of any of the Notes Obligations or any Lien on any Notes Collateral or guarantee thereof or any liability of any Grantor, or any liability incurred directly or indirectly in
respect thereof (including any increase in or extension of the Notes Obligations, without any restriction as to the tenor or terms of any such increase or extension) or otherwise amend, renew, exchange, extend, modify, or supplement in any manner
any Liens held by Notes Agent or any other Notes Claimholders, the Notes Obligations, or any of the Notes Loan Documents; 

(ii) subject to Section 3.8, sell, exchange, release, surrender, realize upon, enforce or otherwise deal with in
any manner and in any order any part of the Notes Priority Collateral or any liability of any Grantor to Notes Claimholders or Notes Agent, or any liability incurred directly or indirectly in respect thereof; 

(iii) settle or compromise any Notes Obligation or any other liability of any Grantor or any security therefor or any liability
incurred directly or indirectly in respect thereof and apply any sums by whomsoever paid and however realized to any liability (including the Notes Obligations) in any manner or order that is not inconsistent with the terms of this Agreement; and

 (iv) exercise or delay in or refrain from exercising any right or remedy against any Grantor or any other person, elect
any remedy and otherwise deal freely with any Grantor or any Notes Priority Collateral and any security and any guarantor or any liability of any Grantor to Notes Agent or other Notes Claimholders or any liability incurred directly or indirectly in
respect thereof. 
 (e) Except as otherwise provided herein, ABL Agent also agrees that Notes Claimholders and Notes Agent shall have no
liability to ABL Agent or any other ABL Claimholders, and ABL Agent hereby waives any claim against any Notes Claimholder or Notes Agent, arising out of any and all actions which Notes Claimholders or Notes Agent may, pursuant to the terms hereof,
take, permit or omit to take with respect to: 
 (i) the Notes Documents or the Other Pari Passu Lien Obligations Agreement; 

(ii) the collection of the Notes Obligations; or 

(iii) the foreclosure upon, or sale, liquidation, or other Disposition of, or the failure to foreclose upon, or sell,
liquidate, or otherwise Dispose of, any Notes Priority Collateral. ABL Agent agrees that Notes Claimholders and Notes Agent have no duty to the ABL Claimholders in respect of the maintenance or preservation of the Notes Priority Collateral, the
Notes Obligations, or otherwise. 

  
 50 

 (f) Until the Discharge of ABL Obligations and the Discharge of Notes Obligations, each of ABL
Agent and Notes Agent agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead, or otherwise assert, or otherwise claim the benefit of, any marshaling, appraisal, valuation, or other similar
right that may otherwise be available under applicable law with respect to the other Agent’s Priority Collateral or any other similar rights a junior secured creditor may have under applicable law. 

7.4 Obligations Unconditional. For so long as this Agreement is in full force and effect, all rights, interests, agreements and
obligations of ABL Agent and other ABL Claimholders and Notes Agent and other Notes Claimholders, respectively, hereunder shall remain in full force and effect irrespective of: 

(a) any lack of validity or enforceability of any ABL Loan
Documents or, any Notes Documents or the Other
Pari Passu Lien Obligations Agreement; 
 any Notes
Documents; 
 (b) except as otherwise expressly restricted or provided in this Agreement, any change in the time, manner, or place of payment of, or in any other terms of, all or any of
the ABL Obligations or Notes Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any ABL Loan Document or, any Notes Document or the Other Pari Passu Lien Obligations Agreement; 

(c) except as otherwise expressly restricted in this Agreement, any exchange of any security interest in any Collateral or any other
collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the ABL Obligations or Notes Obligations or any guarantee thereof, 

(d) the commencement of any Insolvency Proceeding in respect of any Grantor; or 

(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Grantor in respect of ABL Agent,
the ABL Obligations, any ABL Claimholder, Notes Agent, the Notes Obligations or any Notes Claimholder in respect of this Agreement. 
 SECTION 8.
Representations and Warranties. 
 8.1 Representations and Warranties of Each Party. Each party hereto represents and
warrants to the other parties hereto as follows: 
 (a) Such party is duly organized, validly existing and in good standing under the laws of
the jurisdiction of its organization and has all requisite power and authority to execute and deliver this Agreement and to perform its obligations hereunder. 

  
 51 

 (b) This Agreement has been duly executed and delivered by such party and
constitutes a legal, valid and binding obligation of such party, enforceable in accordance with its
terms., subject to the effect of
(i) bankruptcy, insolvency or similar laws affecting generally the enforcement of creditors’ rights as such laws would apply in the event of any bankruptcy, receivership, insolvency or similar event applicable to it and (ii) to
general equitable principles (whether enforceability of such principles is considered in a proceeding at law or in equity). 

(c) The execution, delivery, and performance by such party of this Agreement (i) do not require any consent or approval of, registration
or filing with or any other action by any governmental authority and (ii) will not violate any provision of law, statute, rule or regulation, or of the certificate or articles of incorporation or other constitutive documents or by-laws of such
party or any order of any governmental authority or any provision of any indenture, agreement or other instrument binding upon such party. 

8.2 Representations and Warranties of Each Agent. ABL Agent and Notes Agent each represents and warrants to the other that it
has been authorized and instructed by ABL Lenders or holders of the Notes, as applicable, under the ABL Credit
Agreement or the Indenture, as applicable, to enter into this Agreement and that each of the agreements, covenants, waivers, and other provisions hereof is valid, binding, and
enforceable against the other ABL Claimholders or the other Notes Claimholders, as applicable, as fully as if they were parties hereto.. 

SECTION 9. Miscellaneous. 

9.1 Conflicts. Except to the extent expressly provided in Section 9.15, in the event of any conflict between the
provisions of this Agreement and the provisions of any of the ABL Loan Documents or any of the Notes Documents or the Other Pari
Passu Lien Obligations Agreement, the provisions of this Agreement shall govern and control; provided that nothing in this Intercreditor Agreement, as between the Notes Agent, the other Notes Claimholders and the Grantors, shall be
deemed to waive any rights, protections, privileges, immunities or indemnities of the Notes Agent as set forth in the Indenture and, the other Notes
Documents and the Other Pari Passu Lien Obligations Agreement. 

9.2 Effectiveness; Continuing Nature of this Agreement; Severability. This Agreement shall become effective when executed and delivered
by the parties hereto. This is a continuing agreement of lien subordination (as opposed to debt or claim subordination) and ABL Claimholders may continue, at any time and without notice to Notes Agent or any other Notes Claimholder, to extend credit
and other financial accommodations to or for the benefit of any Grantor constituting ABL Obligations in reliance hereof. Each of Notes Agent and ABL Agent hereby waives any right it may have under applicable law to revoke this Agreement or any of
the provisions of this Agreement. The terms of this Agreement shall survive, and shall continue in full force and effect, in any Insolvency Proceeding. Consistent with, but not in limitation of, the preceding sentence, ABL Agent and the Notes Agent,
on behalf of the applicable Claimholders, irrevocably acknowledges that this Agreement constitutes a “subordination agreement” within the meaning of both New York law and Section 510(a) of the Bankruptcy Code. Any provision of this
Agreement that is prohibited or unenforceable shall not invalidate the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not 

  
 52 

 
invalidate or render unenforceable such provision in any other jurisdiction. All references to any Grantor shall include such Grantor as debtor and debtor-in-possession and any receiver or
trustee for such Grantor in any Insolvency Proceeding. This Agreement shall terminate and be of no further force and effect: 
 (a) with
respect to ABL Agent, ABL Claimholders, and the ABL Obligations, on the date that the Discharge of ABL Obligations has occurred; and 
 (b)
with respect to Notes Agent, Notes Claimholders, and the Notes Obligations, on the date that the Discharge of Notes Obligations has occurred. 

9.3 Amendments; Waivers. Except as provided in the last
twothree sentences of this Section,
no amendment, modification, or waiver of any of the provisions of this Agreement shall be effective unless the same shall be in writing signed on behalf of each party hereto or its authorized agent and each waiver, if any, shall be a waiver only
with respect to the specific instance involved and shall in no way impair the rights of the parties making such waiver or the obligations of the other parties to such party in any other respect or at any other time. Any amendments, modifications or
waivers can be effected by ABL Agent, at the direction of the requisite ABL Claimholders under the ABL Credit Agreement, and by Notes Agent, at the direction of the requisite Notes Claimholders under the Indenture. Notwithstanding the foregoing,
(i) no Grantor shall have any right
tothe consent to or
approveof the Grantors shall be required for any amendment, modification or waiver of any provision of
this Agreement except to the extent such
amendment, modification or waiver (x) adversely affects its rights hereunder, under the ABL Loan
Documents or, under the Notes
Documents are directly affected(including its
rights pursuant to this Section 9.3) or under the Other Pari Passu Lien Obligations Agreement or (y) imposes any additional duties on the Grantors hereunder, under the ABL Loan Documents, under the Notes Documents or under the Other Pari
Passu Lien Obligations Agreement, (ii) any Other Pari Passu Lien Obligations Agent, on behalf of itself and such
holders of Other Pari Passu Lien Obligations, may become a party to this Agreement, without any further action by any
other party hereto, upon execution and delivery by the Grantors and such Other Pari Passu Lien Obligations Agent of a properly completed joinder agreement (in form and substance reasonably satisfactory to each of ABL Agent and Notes Agent) to each
of the other parties hereto and delivery to Notes Agent by Company of an Officers’ Certificate (as defined in the Indenture),
upon which Notes Agent is entitled to conclusively rely, certifying that such obligations are permitted by the Indenture to be included hereunder as Other Pari Passu Lien Obligations and that such joinder complies with the conditions and covenants
in the Indenture and the Notes Collateral Documents, (iii) any duly appointed agent for the holders of ABL Obligations described in clause (ii)lieu of the definition thereofABL Agent, on behalf of
itself and such holders, may become a party to this Agreement, without any further action by any other party hereto, upon execution and delivery by the Grantors and such agent of a properly completed joinder agreement (in form and substance
reasonably satisfactory to each of ABL Agent
andsuch agent, Notes
Agent and the Company) to each of the other parties hereto and delivery to Notes Agent by Issuer of an officer’s certificateOfficers’ Certificate (as
defined in the Indenture), upon which Notes Agent is entitled to conclusively rely, certifying that such obligations are permitted by the Indenture to be included hereunder as ABL Obligations, and that such joinder complies with the conditions and covenants in the Indenture and the  

  
 53 

 
Notes Collateral Documents, (iv) technical modifications may
be made to this Agreement to facilitate the inclusion of Other Pari Passu Lien Obligations without any further action by any other party hereto to the extent such Other Pari Passu Lien Obligations are permitted to be incurred under the ABL Loan
Documents and, the Notes Documents
and the Other Pari Passu Lien Obligations Agreement and (v) technical modifications may be made to this
Agreement to facilitate the inclusion of ABL Obligations described in clause (ii) of the definition thereof without any further action by any other party hereto to the extent such Obligations are permitted to be incurred under the ABL Loan
Documents and, the Notes
Documents and the Other Pari Passu Lien Obligations Agreement. In connection with any Refinancing of the Notes
Obligations or ABL Obligations pursuant to Section 5.3(a) or 5.3(b), as applicable, this Agreement may be amended at the request and sole expense of the Grantors, and without the consent of either ABL Agent or Notes Agent,
(i) to add parties (or any authorized agent or trustee therefor) providing any such Refinancing, (ii) to establish that Liens on any Notes Priority Collateral securing such Refinanced debt shall have the same priority as the Liens on any
Notes Priority Collateral securing the debt being Refinanced and (iii) to establish that the Liens on any ABL Priority Collateral securing such Refinanced debt shall have the same priority as the Liens on any ABL Priority Collateral securing
the debt being Refinanced. Notwithstanding anything to the contrary in this Agreement, this Agreement may be amended from time to time at the sole request and expense of the
Company (as defined under the Indenture), (x) as set forth in the second paragraph of Section 9.01 of the Indenture, without the consent of
Notes Agent, and (y) as set forth in the second paragraph of such Section 9.01 as in effect on the date hereof, without the consent of ABL
Agent. If the ABL Credit Agreement is Refinanced as provided in Section 5.5(a) hereof and such Refinanced ABL Credit Agreement
is secured by a Lien on the Notes Priority Collateral, the provisions of this Agreement may be amended by the Company without the consent of any other party hereto in order to provide reciprocal rights and obligations with respect to the junior Lien
of the ABL Claimholders under the Refinanced ABL Credit Agreement on the Notes Priority Collateral as are applicable to the junior Lien of the Notes Claimholders on the ABL Priority Collateral hereunder. 

9.4 Information Concerning Financial Condition of the Grantors. ABL Agent and the other ABL Claimholders shall be responsible for
keeping themselves informed of (a) the financial condition of the Grantors and all endorsers and/or guarantors of the ABL Obligations and (b) all other circumstances bearing upon the risk of nonpayment of the ABL Obligations. ABL Agent and
the other ABL Claimholders shall have no duty to advise Notes Agent or any Notes Claimholder of information known to it or them regarding such condition or any such circumstances or otherwise. Notes Agent and the other Notes Claimholders shall have
no duty to advise ABL Agent or any other ABL Claimholder of information known to it or them regarding such condition or any such circumstances or otherwise. In the event ABL Agent or any other ABL Claimholders, or Notes Agent or any other Notes
Claimholders, in its or their sole discretion, undertakes at any time or from time to time to provide any such information to any other party to this Agreement, it or they shall be under no obligation: 

(a) to make, and ABL Agent and the other ABL Claimholders, or Notes Agent and the other Notes Claimholders, as the case may be, shall not make,
any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness, or validity of any such information so provided; 

  
 54 

 (b) to provide any additional information or to provide any such information on any subsequent
occasion; 
 (c) to undertake any investigation; or 

(d) to disclose any information, which pursuant to accepted or reasonable commercial practices, such party wishes to maintain confidential or
is otherwise required to maintain confidential. 
 9.5 Subrogation. (a) With respect to any payments or distributions in cash,
property, or other assets that any Notes Claimholders or Notes Agent pays over to ABL Agent or ABL Claimholders under the terms of this Agreement, Notes Claimholders and Notes Agent shall be subrogated to the rights of ABL Agent and the other ABL
Claimholders and (b) with respect to any payments or distributions in cash, property, or other assets that any ABL Claimholders or ABL Agent pay over to Notes Agent or the other Notes Claimholders under the terms of this Agreement, ABL
Claimholders and ABL Agent shall be subrogated to the rights of Notes Agent and the other Notes Claimholders; provided, however, that, ABL Agent and Notes Agent each hereby agrees not to assert or enforce any such rights of subrogation
it may acquire as a result of any payment hereunder until the Discharge of ABL Obligations or Discharge of Notes Obligations, as applicable, has occurred. Any payments or distributions in cash, property or other assets received by ABL Agent or the
other ABL Claimholders that are paid over to Notes Agent or the other Notes Claimholders pursuant to this Agreement shall not reduce any of the ABL Obligations. Any payments or distributions in cash, property or other assets received by Notes Agent
or the other Notes Claimholders that are paid over to ABL Agent or ABL Claimholders pursuant to this Agreement shall not reduce any of the Notes Obligations. Notwithstanding the foregoing provisions of this Section 9.5, none of the ABL
Claimholders shall have any claim against any of the Notes Claimholders for any impairment of any subrogation rights herein granted to the Notes Claimholders and none of the Notes Claimholders shall have any claim against any of the ABL Claimholders
for any impairment of any subrogation rights herein granted to the ABL Claimholders. 
 9.6 SUBMISSION TO JURISDICTION; WAIVERS. 

(a) ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY PARTY ARISING OUT OF OR RELATING HERETO SHALL BE BROUGHT IN ANY STATE OR FEDERAL COURT OF
COMPETENT JURISDICTION IN THE STATE, COUNTY, AND CITY OF NEW YORK. BY EXECUTING AND DELIVERING THIS AGREEMENT, EACH PARTY, FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, IRREVOCABLY: 

(i) ACCEPTS GENERALLY AND UNCONDITIONALLY THE JURISDICTION AND VENUE OF SUCH COURTS; 

(ii) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS; 

(iii) AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE BY REGISTERED OR
CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO THE APPLICABLE PARTY AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 9.7; AND 

  
 55 

 (iv) AGREES THAT SERVICE AS PROVIDED IN CLAUSE (iii) ABOVE IS
SUFFICIENT TO CONFER PERSONAL JURISDICTION OVER THE APPLICABLE PARTY IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT. 

(b) EACH OF THE PARTIES HERETO (INCLUDING THE PARENT ON BEHALF OF ITSELF AND ITS SUBSIDIARIES) HEREBY WAIVES ITS RESPECTIVE RIGHTS TO A JURY
TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING HEREUNDER. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER HEREOF, INCLUDING
CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP THAT EACH HAS ALREADY RELIED ON THIS
WAIVER IN ENTERING INTO THIS AGREEMENT, AND THAT EACH WILL CONTINUE TO RELY ON THIS WAIVER IN ITS RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT
KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE; MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY
REFERRING TO THIS SECTION 9.6(b) AND EXECUTED BY ABL AGENT AND NOTES AGENT), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS, OR MODIFICATIONS HERETO. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS
A WRITTEN CONSENT TO A TRIAL BY THE COURT. 
 9.7 Notices. All notices to Notes Claimholders and ABL Claimholders
permitted or required under this Agreement shall also be sent to Notes Agent and ABL Agent, respectively. Unless otherwise specifically provided herein, any notice hereunder shall be in
the English language, in writing and may be personally served or sent by facsimile or United States mail or courier
service or electronic mail and shall be deemed to have been given when delivered in person or by courier service and signed for against receipt thereof, upon receipt of facsimile or electronic mail, or 3 Business Days after depositing it in the United States mail with postage prepaid and properly
addressedotherwise upon receipt thereof. For the purposes hereof, the addresses of the parties hereto
shall be as may be designated by such party in a written notice to all of the other parties. Grantors shall provide written notice to ABL Agent within ten (10) business days after Grantors receive notice from Notes Agent of the Discharge of
Notes Obligations and shall provide written notice to Notes Agent within ten (10) business days after Grantors receive notice from ABL Agent of the Discharge of ABL Obligations.  

  
 56 

 9.8 Further Assurances. ABL Agent and Notes Agent each agrees to take such further action
and shall execute and deliver such additional documents and instruments (in recordable form, if requested) as ABL Agent or Notes Lien Agent may reasonably request to effectuate the terms of and the Lien priorities contemplated by this Agreement.

 9.9 APPLICABLE LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAW
OF THE STATE OF NEW YORK. 
 9.10 Binding on Successors and Assigns. This Agreement shall be binding upon ABL Agent, ABL
Claimholders, Notes Agent, Notes Claimholders, and their respective successors and assigns. 
 9.11 Headings. Section headings in
this Agreement are included herein for convenience of reference only and shall not constitute a part of this Agreement for any other purpose or be given any substantive effect. 

9.12 Counterparts. This Agreement may be executed in counterparts (and by different parties hereto in different counterparts),
each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Agreement or any document or instrument delivered in connection
herewith by telecopy or other electronic transmission shall be effective as delivery of a manually executed
counterpart of this Agreement or such other document or instrument, as applicable. 
 9.13 No Third Party
Beneficiaries. This Agreement and the rights and benefits hereof shall inure to the benefit of each of the parties hereto and its respective successors and assigns and shall inure to the benefit of and bind each of ABL Claimholders and Notes
Claimholders. In no event shall any Grantor be a third party beneficiary of this Agreement. Notwithstanding the foregoing, the
Grantors shall be express third party beneficiaries of, and shall be entitled to enforce, this Section 9.13 and Sections 5.3(a) and (b), 5.4(a), 5.4(d), 5.5, 9.3 and 9.10. 

9.14 Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose
of defining the relative rights of ABL Agent and other ABL Claimholders on the one hand and Notes Agent and other Notes Claimholders on the other hand. No Grantor or any other creditor thereof shall have any rights hereunder and no Grantor may rely
on the terms hereof. Nothing in this Agreement shall impair, as between Grantors and ABL Agent and the other ABL Claimholders, or as between Grantors and Notes Agent and the other Notes Claimholders, the obligations of Grantors to pay principal,
interest, fees and other amounts as provided in the ABL Loan Documents
and, the Notes
Documents and the Other Pari Passu Lien Obligations Agreement, respectively. 

9.15 Costs and Attorneys Fees. In the event it becomes necessary for ABL Agent, any other ABL Claimholder, Notes Agent, or any other
Notes Claimholder to commence or become a party to any proceeding or action to enforce the provisions of this Agreement, the court or body before which the same shall be tried shall award to the prevailing party all costs and expenses thereof,
including reasonable attorneys fees, the usual and customary and lawfully recoverable 

  
 57 

 
court costs, and all other expenses in connection therewith. (collectively, “Court Costs”); provided that in no event shall the ABL Agent or Notes Agent be liable for such Court Costs, it
being understood such Court Costs shall only be awarded to the extent (i) paid directly from the other ABL Claimholders or Notes Claimholders, as applicable, or (ii) paid from proceeds from Collateral available to the ABL Agent or Notes
Agent, as applicable, in its capacity as such. 
 9.16 Specific Performance. Each of ABL Agent and Notes Agent may
demand specific performance of this Agreement. ABL Agent, on behalf of itself and the other ABL Claimholders, and Notes Agent, on behalf of itself and the Notes, hereby irrevocably waive any defense based on the adequacy of a remedy at law and any
other defense which might be asserted to bar the remedy of specific performance in any action which may be brought by ABL Agent or the other ABL Claimholders or Notes Agent or the other Notes Claimholders, as applicable. Without limiting the
generality of the foregoing or of the other provisions of this Agreement, in seeking specific performance in any Insolvency Proceeding, ABL Agent or Notes Agent may seek such or any other relief as if it were the “holder” of the claims of
the other agent’s Claimholders under Section 1126(a) of the Bankruptcy Code or otherwise had been granted an irrevocable power of attorney by the other Agent’s Claimholders. 

9.17 Indenture and Notes Security Agreement Protections. In connection with its execution and acting under this Agreement, Notes
Agent is entitled to all rights, privileges, protections, immunities, benefits and indemnities provided to it under the Indenture and the Notes Security Agreement, all of which are incorporated by reference herein mutatis mutandis. In connection with exercising any right or discretionary duty hereunder, the Notes Agent shall be entitled to request and rely upon the
direction of those Persons entitled to direct the Notes Agent pursuant to the Notes Documents unless the Collateral Agency Agreement is in effect, in which case the Notes Agent shall be entitled to request and rely upon the direction of those
Persons entitled to direct the Notes Agent pursuant to the Collateral Agency Agreement. The Notes Agent shall not be responsible for and makes no representation as to the validity or adequacy of this Agreement.  

9.18 No Trust or Fiduciary Relationship; Duties of the Notes Agent.
(a) 
(a) The Notes Agent shall not be deemed to be in a relationship of
trust or confidence with the ABL Agent, any ABL Claimholders, or any other Person by reason of this Agreement, and shall not owe any fiduciary, trust or other special duties to the ABL Agent, any ABL Claimholders, or any other Person by reason of
this Agreement. 
 (b) The parties hereto acknowledge that the Notes Agent’s duties do not include any discretionary
authority, determination, control or responsibility with respect to any Notes Collateral Documents or any Collateral, notwithstanding any rights or discretion that may be granted to the Notes Agent in this Agreement or in such
other Notes Collateral Documents. 

(c) The Notes Agent shall be responsible only for the performance of such duties as are expressly set forth herein. 

[signature pages follow] 

  
 58 

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

			
	WELLS FARGO CAPITAL FINANCE, INC., as ABL Agent
	
	By:                           
                                         
                            
	Name:	 	
	Title:	 	

  
 [SIGNATURE PAGE TO INTERCREDITOR AGREEMENT] 

 
	
	UMB BANK, N.A., as Notes Agent
	
	By:                             
                                         
                          
	Name:                             
                                         
                   
	Title:                             
                                         
                      

  
 [SIGNATURE PAGE TO INTERCREDITOR AGREEMENT] 

 ACKNOWLEDGMENT 

Each of the undersigned hereby acknowledge that they have received a copy
of the foregoing Intercreditor Agreement and consent thereto, agree to recognize all rights granted thereby to ABL Agent, ABL Claimholders, Notes Agent, and Notes Claimholders, and will not do any act or perform any obligation which is not in
accordance with the agreements set forth therein. Each of the undersigned further acknowledge and agree that they are not an intended beneficiary or third party beneficiary under the foregoing Intercreditor Agreement. 

[SIGNATURE PAGE TO INTERCREDITOR AGREEMENT] 

 
	
	ACKNOWLEDGED AS OF THE DATE FIRST WRITTEN ABOVE:
	THE COMPANY:
	LSB INDUSTRIES, INC.,a Delaware corporation
	By:                             
                                         
                          
	Name: Jack E. Golsen
	Title: Chief Executive Officer
	THE NOTES GUARANTORS (OTHER THAN ZENA ENERGY L.L.C. AND EL DORADO NITROGEN, L.P.) AND THE ABL GUARANTORS:
	CEPOLK HOLDINGS, INC.
	CHEMEX I CORP.
	CHEMICAL PROPERTIES L.L.C.
	CHEMICAL TRANSPORT L.L.C.
	CHEROKEE NITROGEN COMPANY CHEROKEE NITROGEN HOLDINGS, INC. CLIMACOOL CORP.
	THE CLIMATE CONTROL GROUP, INC. CLIMATECRAFT, INC.
	CLIMATECRAFT TECHNOLOGIES, INC. CLIMATE MASTER, INC.
	CONSOLIDATED INDUSTRIES CORP.
	EDC AG PRODUCTS COMPANY L.L.C.
	EL DORADO CHEMICAL COMPANY EL DORADO NITRIC COMPANY INTERNATIONAL ENVIRONMENTAL CORPORATION
	NORTHWEST FINANCIAL CORPORATION KOAX CORP.
	LSB CHEMICAL CORP.
	LSB-EUROPA LIMITED
	PRIME FINANCIAL L.L.C.
	 PRIME HOLDINGS CORPORATION

PRYOR CHEMICAL COMPANY

SUMMIT MACHINE TOOL MANUFACTURING L.L.C.

	THERMACLIME, L.L.C.
	THERMACLIME TECHNOLOGIES, INC. XPEDIAIR, INC.
	by:                             
                                         
                          
	                Name: Jack E. Golsen
	                Title: Chairman of the Board

  
 [SIGNATURE PAGE TO ACKNOWLEDGMENT] 

 
	
	LSB CAPITAL L.L.C.
	by:                             
                                         
                          
	Name: Jack E. Golsen
	Title: President
	TRISON CONSTRUCTION, INC.
	by:                             
                                         
                          
	Name: Jack E. Golsen
	Title: Executive Vice President
	EL DORADO ACID, L.L.C.
	EL DORADO ACID II, L.L.C.
	EL DORADO AMMONIA L.L.C.
	by:                             
                                         
                          
	Name: David R. Gross
	Title: Executive Vice President

 [SIGNATURE PAGE TO
ACKNOWLEDGMENT]EX-4.1

 Exhibit 4.1 

EXECUTION VERSION 
  

================================== 
  

FIDELITY & GUARANTY LIFE HOLDINGS, INC. 

as Issuer 
 THE GUARANTORS PARTY

 HERETO 
  

========== 
  

INDENTURE 
 Dated as of
April 20, 2018 
 ========== 
  

WELLS FARGO BANK, NATIONAL ASSOCIATION 

as Trustee 

================================== 

PROVIDING FOR THE ISSUANCE OF NOTES IN SERIES 

 TABLE OF CONTENTS 

Page 
  

							
	ARTICLE I	 
	
	Definitions and Incorporation by Reference	 
			
	SECTION 1.1.	  	Definitions	  	 	1	 
	SECTION 1.2.	  	Other Definitions	  	 	41	 
	SECTION 1.3.	  	Rules of Construction	  	 	42	 
	SECTION 1.4.	  	Financial Calculations for Limited Condition Transactions	  	 	43	 
	
	ARTICLE II	 
	
	The Notes	 
			
	SECTION 2.1.	  	Form and Dating	  	 	44	 
	SECTION 2.2.	  	Issuable in Series	  	 	48	 
	SECTION 2.3.	  	Form of Execution and Authentication	  	 	49	 
	SECTION 2.4.	  	Registrar and Paying Agent	  	 	50	 
	SECTION 2.5.	  	Paying Agent to Hold Money in Trust	  	 	50	 
	SECTION 2.6.	  	Lists of Holders of the Notes	  	 	50	 
	SECTION 2.7.	  	Transfer and Exchange	  	 	51	 
	SECTION 2.8.	  	Replacement Notes	  	 	62	 
	SECTION 2.9.	  	Outstanding Notes	  	 	62	 
	SECTION 2.10.	  	Treasury Notes	  	 	62	 
	SECTION 2.11.	  	Temporary Notes	  	 	63	 
	SECTION 2.12.	  	Cancellation	  	 	63	 
	SECTION 2.13.	  	Payment of Interest; Defaulted Interest	  	 	63	 
	SECTION 2.14.	  	CUSIP and ISIN Numbers	  	 	64	 
	SECTION 2.15.	  	Additional Amounts	  	 	65	 
	
	ARTICLE III	 
	
	Covenants	 
			
	SECTION 3.1.	  	Payment of Notes	  	 	67	 
	SECTION 3.2.	  	Reports	  	 	67	 
	SECTION 3.3.	  	Limitation on Indebtedness	  	 	70	 
	SECTION 3.4.	  	Limitation on Restricted Payments	  	 	76	 
	SECTION 3.5.	  	Limitation on Liens	  	 	83	 
	SECTION 3.6.	  	Limitation on Restrictions on Distributions from Restricted Subsidiaries	  	 	84	 

  
 -i- 

							
	SECTION 3.7.	  	Limitation on Sales of Assets and Subsidiary Stock	  	 	86	 
	SECTION 3.8.	  	Limitation on Affiliate Transactions	  	 	89	 
	SECTION 3.9.	  	Change of Control Triggering Event	  	 	93	 
	SECTION 3.10.	  	Future Guarantors	  	 	95	 
	SECTION 3.11.	  	Effectiveness of Covenants	  	 	96	 
	SECTION 3.12.	  	Compliance Certificate	  	 	97	 
	SECTION 3.13.	  	Statement by Officers as to Default	  	 	97	 
	
	ARTICLE IV	 
	
	Successor Company and Successor Guarantor	 
			
	SECTION 4.1.	  	When Company May Merge or Otherwise Dispose of Assets	  	 	97	 
	SECTION 4.2.	  	When a Subsidiary Guarantor May Merge or Otherwise Dispose of Assets	  	 	99	 
	
	ARTICLE V	 
	
	Redemption of Notes	 
			
	SECTION 5.1.	  	Applicability of Article	  	 	100	 
	SECTION 5.2.	  	Right of Redemption	  	 	100	 
	SECTION 5.3.	  	Election to Redeem; Notice to Trustee of Optional Redemptions	  	 	101	 
	SECTION 5.4.	  	Selection by Trustee of Notes to Be Redeemed	  	 	101	 
	SECTION 5.5.	  	Notice of Redemption	  	 	101	 
	SECTION 5.6.	  	Deposit of Redemption Price	  	 	102	 
	SECTION 5.7.	  	Notes Payable on Redemption Date	  	 	103	 
	SECTION 5.8.	  	Notes Redeemed in Part	  	 	103	 
	SECTION 5.9.	  	Redemption for Changes in Taxes	  	 	103	 
	
	ARTICLE VI	 
	
	Defaults and Remedies	 
			
	SECTION 6.1.	  	Events of Default	  	 	105	 
	SECTION 6.2.	  	Acceleration	  	 	107	 
	SECTION 6.3.	  	Other Remedies	  	 	108	 
	SECTION 6.4.	  	Waiver of Past Defaults	  	 	108	 
	SECTION 6.5.	  	Control by Majority	  	 	108	 
	SECTION 6.6.	  	Limitation on Suits	  	 	109	 
	SECTION 6.7.	  	Rights of Holders to Receive Payment	  	 	109	 
	SECTION 6.8.	  	Collection Suit by Trustee	  	 	109	 
	SECTION 6.9.	  	Trustee May File Proofs of Claim	  	 	110	 
	SECTION 6.10.	  	Priorities	  	 	110	 
	SECTION 6.11.	  	Undertaking for Costs	  	 	110	 

  
 -ii- 

							
	ARTICLE VII	 
	
	Trustee	 
			
	SECTION 7.1.	  	Duties of Trustee	  	 	111	 
	SECTION 7.2.	  	Rights of Trustee	  	 	112	 
	SECTION 7.3.	  	Individual Rights of Trustee	  	 	114	 
	SECTION 7.4.	  	Disclaimer	  	 	114	 
	SECTION 7.5.	  	Notice of Defaults	  	 	114	 
	SECTION 7.6.	  	Compensation and Indemnity	  	 	114	 
	SECTION 7.7.	  	Replacement of Trustee	  	 	115	 
	SECTION 7.8.	  	Successor Trustee by Merger	  	 	116	 
	SECTION 7.9.	  	Eligibility; Disqualification	  	 	116	 
	
	ARTICLE VIII	 
	
	Discharge of Indenture; Defeasance	 
			
	SECTION 8.1.	  	Discharge of Liability on Notes; Defeasance	  	 	117	 
	SECTION 8.2.	  	Conditions to Defeasance	  	 	118	 
	SECTION 8.3.	  	Application of Trust Money	  	 	119	 
	SECTION 8.4.	  	Repayment to Company	  	 	120	 
	SECTION 8.5.	  	Indemnity for U.S. Government Obligations	  	 	120	 
	SECTION 8.6.	  	Reinstatement	  	 	120	 
	
	ARTICLE IX	 
	
	Amendments	 
			
	SECTION 9.1.	  	Without Consent of Holders	  	 	120	 
	SECTION 9.2.	  	With Consent of Holders	  	 	122	 
	SECTION 9.3.	  	Effect of Consents and Waivers	  	 	123	 
	SECTION 9.4.	  	Notation on or Exchange of Notes	  	 	124	 
	SECTION 9.5.	  	Trustee To Sign Amendments	  	 	124	 
	
	ARTICLE X	 
	
	Guarantee	 
			
	SECTION 10.1.	  	Guarantee	  	 	124	 
	SECTION 10.2.	  	Limitation on Liability; Termination, Release and Discharge	  	 	126	 
	SECTION 10.3.	  	Right of Contribution	  	 	127	 
	SECTION 10.4.	  	No Subrogation	  	 	127	 

  
 -iii- 

							
	ARTICLE XI	 
	
	Miscellaneous	 
			
	SECTION 11.1.	  	Notices	  	 	128	 
	SECTION 11.2.	  	Certificate and Opinion as to Conditions Precedent	  	 	129	 
	SECTION 11.3.	  	Statements Required in Certificate or Opinion	  	 	129	 
	SECTION 11.4.	  	Rules by Trustee, Paying Agent and Registrar	  	 	130	 
	SECTION 11.5.	  	Days Other than Business Days	  	 	130	 
	SECTION 11.6.	  	Governing Law	  	 	130	 
	SECTION 11.7.	  	No Recourse Against Others	  	 	130	 
	SECTION 11.8.	  	Successors	  	 	130	 
	SECTION 11.9.	  	Multiple Originals	  	 	130	 
	SECTION 11.10.	  	Table of Contents; Headings	  	 	130	 
	SECTION 11.11.	  	Force Majeure	  	 	130	 
	SECTION 11.12.	  	USA Patriot Act	  	 	131	 
	SECTION 11.13.	  	Communication by Holders of Notes with other Holders of Notes	  	 	131	 
	SECTION 11.14.	  	Waiver of Jury Trial	  	 	131	 

 EXHIBITS 
  

			
	EXHIBIT A	  	Form of Global Note
	EXHIBIT B	  	Form of Certificate of Transfer
	EXHIBIT C	  	Form of Certificate of Exchange
	EXHIBIT D	  	Form of Certificate of Acquiring Institutional Accredited Investor
	EXHIBIT E	  	Form of Supplemental Indenture to be Delivered by Subsequent Guarantors
	EXHIBIT F	  	Form of Supplemental Indenture Establishing a Series of Notes

  
 -iv- 

 INDENTURE, dated as of April 20, 2018, as amended, restated, supplemented or otherwise
modified from time to time (this “Indenture”), among FIDELITY & GUARANTY LIFE HOLDINGS, INC., a corporation duly organized and existing under the laws of the State of Delaware (the “Company”), CF BERMUDA
HOLDINGS LIMITED, a Bermuda exempted company (the “Parent”), FGL US HOLDINGS INC., a corporation duly organized and existing under the laws of the State of Delaware ( the “Intermediate Guarantor”), certain other
subsidiaries of the Parent from time to time party hereto (the “Subsidiary Guarantors” and together with the Parent and the Intermediate Guarantor, the “Guarantors”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, a
national banking association, as trustee (together with its successors and assigns, in such capacity, the “Trustee”). 

Each party agrees as follows for the benefit of the other parties and for the benefit of the Holders (as defined herein) of the Notes (as
defined herein): 
 ARTICLE I 

Definitions and Incorporation by Reference 

SECTION 1.1. Definitions. 

“144A Global Note” means a Global Note substantially in the form of Exhibit A hereto (as such form
may be modified in accordance with Section 2.2) bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee that will be issued in a
denomination equal to the outstanding principal amount of the Notes sold in reliance on Rule 144A. 
 “Acquired
Indebtedness” means, with respect to any Person, Indebtedness (1) of a Person or any of its Subsidiaries existing at the time such Person is merged or consolidated with the Parent or a Restricted Subsidiary or becomes a Restricted
Subsidiary or (2) assumed in connection with the acquisition of assets from such Person, in each case whether or not Incurred by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted
Subsidiary or such acquisition, and Indebtedness secured by a Lien encumbering any asset acquired by such specified Person. Acquired Indebtedness shall be deemed to have been Incurred, with respect to clause (1) of the preceding
sentence, on the date such Person is merged or consolidated with the Parent or a Restricted Subsidiary or becomes a Restricted Subsidiary and, with respect to clause (2) of the preceding sentence, on the date of consummation of such
acquisition of assets. 
 “Acquisition” means the acquisition of Fidelity & Guaranty Life by FGL US Holdings Inc.
pursuant to the Merger Agreement. 
 “Affiliate” of any specified Person means any other Person, directly or indirectly,
controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any Person means the power to direct the management and
policies of such Person, directly or indirectly, 

 
whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the
foregoing. 
 “Agent” means any Registrar, Paying Agent or co-registrar. 

“Aggregate RBC Ratio” means, with respect to the Insurance Subsidiaries (other than any Insurance Subsidiary that is a
Foreign Subsidiary) taken as a whole, on any date of determination, one-half of the ratio (expressed as a percentage) of (a) the aggregate “Total Adjusted Capital” (as defined by the applicable
Insurance Regulatory Authority) for each such Insurance Subsidiary to (b) the aggregate “Authorized Control Level Risk-Based Capital” (as defined by the applicable Insurance Regulatory Authority) for each such Insurance Subsidiary.

 “Annual Statement” means the annual statutory financial statement of an Insurance Subsidiary (other than any Insurance
Subsidiary that is a Foreign Subsidiary (except, for so long as it is a Material Subsidiary, F&G Re)) required to be filed with the insurance commissioner (or similar authority) of its jurisdiction of organization, which statement shall be in
the form required by its jurisdiction of organization or, if no specific form is so required, in the form of financial statements permitted by such insurance commissioner (or such similar authority) to be used for filing annual statutory financial
statements and shall contain the type of information permitted or required by such insurance commissioner (or such similar authority) to be disclosed therein. 

“Applicable Premium” means, with respect to any series of Notes, “Applicable Premium” as such term is defined in
the Notes Supplemental Indenture establishing such series of Notes. 
 “Applicable Procedures” means, with respect to any
transfer or exchange of or for beneficial interests in any Global Note, the rules and procedures of the Depositary that apply to such transfer or exchange or for other procedural matters. 

“Asset Acquisition” means (1) an Investment by the Parent or any Restricted Subsidiary in any other Person pursuant to
which such Person shall become a Restricted Subsidiary or shall be consolidated or merged with the Parent or any Restricted Subsidiary or (2) the acquisition by the Parent or any Restricted Subsidiary of assets of any Person. 

“Asset Disposition” means any sale, lease (other than an operating lease entered into in the ordinary course of business),
transfer, issuance or other disposition, or a series of related sales, leases, transfers, issuances or dispositions that are part of a common plan, of shares of Capital Stock of a Restricted Subsidiary, including any transaction pursuant to a
Reinsurance Agreement (other than directors’ qualifying shares or local ownership shares) (it being understood that the Capital Stock of the Parent is not an asset of the Parent), property or other assets (each referred to for the purposes of
this definition as a “disposition”) by the Parent or any of its Restricted Subsidiaries, including any disposition by means of a merger, consolidation or similar transaction. 

  
 -2- 

 Notwithstanding the preceding, the following items shall not be deemed to be Asset Dispositions:

 (1) a disposition of assets by a Restricted Subsidiary to the Parent or by the Parent or a Restricted Subsidiary to a
Restricted Subsidiary; 
 (2) the disposition of Cash Equivalents in the ordinary course of business or the unwinding of any
Hedging Obligations; 
 (3) a disposition of equipment, inventory, accounts receivable and other assets in the ordinary
course of business; 
 (4) a disposition of used, obsolete, worn out, damaged or surplus equipment or equipment or assets
that are no longer used or useful in the conduct of the business of the Parent and its Restricted Subsidiaries and that is disposed of in each case in the ordinary course of business; 

(5) the disposition of all or substantially all of the assets of the Parent in a manner permitted pursuant to Article
IV or any disposition that constitutes a Change of Control; 
 (6) an issuance of Capital Stock by a Restricted
Subsidiary to the Parent or to a Restricted Subsidiary; 
 (7) for purposes of Section 3.7 hereof
only, the making of a Permitted Investment or a disposition subject to Section 3.4 hereof; 
 (8)
dispositions of Capital Stock of a Restricted Subsidiary or property or other assets in a single transaction or a series of related transactions with an aggregate Fair Market Value of less than $15.0 million; 

(9) the creation of a Permitted Lien and dispositions in connection with Permitted Liens; 

(10) dispositions of receivables in connection with the compromise, settlement or collection thereof in the ordinary course of
business or in bankruptcy or similar proceedings and exclusive of factoring or similar arrangements; 
 (11) the licensing
or sublicensing of patents, trade secrets, know-how and other intellectual property, know-how or other general intangibles and licenses, leases or subleases of other
property which do not materially interfere with the business of the Parent and its Restricted Subsidiaries as operated immediately prior to the granting of such license, lease or sublease; 

(12) to the extent allowable under Section 1031 of the Code, any exchange of like property for use in a Related Business;

  
 -3- 

 (13) foreclosure on assets or transfers by reason of eminent domain; 

(14) any sale of Capital Stock, Indebtedness or other securities, of an Unrestricted Subsidiary; 

(15) a Sale/Leaseback Transaction that is made for cash consideration in an amount not less than the cost of the underlying
fixed or capital asset and is consummated within 180 days after the Parent or any Restricted Subsidiary acquires or completes the acquisition of such fixed or capital asset; 

(16) the receipt by the Parent or any Restricted Subsidiary of any cash insurance proceeds or condemnation award payable by
reason of theft, loss, physical destruction or damage, taking or similar event with respect to any of their respective property or assets; 

(17) operating leases in the ordinary course of business; 

(18) the surrender or waiver of contract rights or litigation rights or the settlement, release or surrender of tort or other
litigation claims of any kind; 
 (19) the transfer of improvements, additions or alterations in connection with the lease
of any property; 
 (20) dispositions of Investments by any Insurance Subsidiary (other than any of its Investments in
Subsidiaries engaged in insurance lines of business) consistent with the investment policy approved by the Board of Directors of such Insurance Subsidiary, the Parent or the Company, as the case may be; 

(21) dispositions by Insurance Subsidiaries and Special Purpose Subsidiaries pursuant to Reinsurance Agreements and Statutory
Reserve Financings so long as such disposition is entered into in the ordinary course of business for the purpose of managing insurance risk consistent with industry practice; 

(22) dispositions of Investments made out of the cash proceeds received from any Insurance Subsidiary pending further
distribution in accordance with Section 3.4 hereof; 
 (23) dispositions of shares of Capital
Stock in order to qualify members of the Board of Directors or equivalent governing body of the Parent or a Restricted Subsidiary or such other nominal shares required to be held other than by the Parent or a Restricted Subsidiary, as required by
applicable law; 
 (24) any disposition necessary or advisable (as determined in Good Faith by the Parent) in order to
consummate any acquisition of any Person, business or assets; and 
 (25) any disposition of assets in connection with the
Transactions. 

  
 -4- 

 “Attributable Indebtedness” in respect of a Sale/Leaseback Transaction means,
as at the time of determination, (1) if such Sale/Leaseback Transaction does not constitute a Capitalized Lease Obligation, the present value (discounted at the interest rate implicit in the transaction) of the total obligations of the lessee
for rental payments during the remaining term of the lease included in such Sale/Leaseback Transaction (including any period for which such lease has been extended), determined in accordance with GAAP or (2) if such Sale/Leaseback Transaction
constitutes a Capitalized Lease Obligation, the amount of Indebtedness represented thereby will be determined in accordance with the definition of “Capitalized Lease Obligations.” 

“Authentication Order” has the meaning assigned to such term in Section 2.3 hereof. 

“Average Life” means, as of the date of determination, with respect to any Indebtedness or Preferred Stock, the quotient
obtained by dividing (1) the sum of the products of the numbers of years from the date of determination to the dates of each successive scheduled principal payment of such Indebtedness or redemption or similar payment with respect to such
Preferred Stock multiplied by the amount of such payment by (2) the sum of all such payments. 
 “Beneficial Owner”
has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any
particular “person” (as that term is used in Section 13(d)(3) of the Exchange Act), such “person” shall be deemed to have beneficial ownership of all securities that such “person” has the right to acquire by
conversion or exercise of other securities, whether such right is currently exercisable or is exercisable only upon the occurrence of a subsequent condition. The terms “Beneficially Owns” and “Beneficially Owned” shall have a
corresponding meaning. 
 “Blackstone Funds” means, individually or collectively, any investment fund, coinvestment
vehicles and/or other similar vehicles or accounts, in each case, managed by an Affiliate of The Blackstone Group L.P., or any of their respective successors. 

“Board of Directors” means: 

(1) with respect to a corporation, the Board of Directors of the corporation or any committee thereof duly authorized to act
on behalf of the Board of Directors with respect to the relevant matter; 
 (2) with respect to a partnership, the Board of
Directors of the general partner of the partnership; and 
 (3) with respect to any other Person, the board or committee of
such Person serving a similar function. 
 “Board Resolution” means a copy of a resolution certified by the Secretary or
an Assistant Secretary of a company to have been duly adopted by the Board of Directors of such 

  
 -5- 

 
company and to be in full force and effect on the date of such certification, and delivered to the Trustee. 

“Broker-Dealer” means any broker or dealer registered under the Exchange Act. 

“Business Day” means each day that is not a Saturday, Sunday or other day on which commercial banking institutions in New
York, New York or the place of payment are authorized or required by law to close. 
 “Capital and Surplus” means, as to
any Insurance Subsidiary, as of any date, total assets minus total liabilities of such Insurance Subsidiary, as at the end of the most recently ended fiscal quarter of such Insurance Subsidiary for which financial statements are available,
determined in accordance with SAP. 
 “Capital Market Indebtedness” means any series of indebtedness specified within
clauses (1) or (2) of the definition of “Indebtedness” with an aggregate principal amount outstanding in excess of $100.0 million. 

“Capital Stock” of any Person means (1) with respect to any Person that is a corporation, any and all shares,
interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) equity of such Person, including any Common Stock or Preferred Stock, and (2) with respect to any Person that is not a
corporation, any and all partnership, limited liability company, membership or other equity interests of such Person, but in each case excluding any debt securities convertible into any of the foregoing. 

“Capitalized Lease Obligation” means an obligation that is required to be classified and accounted for as a capitalized
lease for financial reporting purposes in accordance with GAAP, and the amount of Indebtedness represented by such obligation will be the capitalized amount of such obligation at the time any determination thereof is to be made as determined in
accordance with GAAP, and the Stated Maturity thereof will be the date of the last payment of rent or any other amount due under such lease prior to the first date such lease may be terminated by the lessee without payment of a penalty. 

“Cash Equivalents” means: 

(1) U.S. dollars, pounds sterling, euros, the national currency of any member state in the European Union, or in the case of
any Foreign Subsidiary, such local currencies held by it from time to time in the ordinary course of business; 
 (2)
securities issued or directly and fully guaranteed or insured by the United States Government or issued by any agency or instrumentality of the United States (provided that the full faith and credit of the United States is pledged in support
thereof), having maturities of not more than one year from the date of acquisition; 
 (3) marketable general obligations
issued by any state of the United States of America or any political subdivision of any such state or any public instrumentality 

  
 -6- 

 
thereof maturing within one year from the date of acquisition and, at the time of acquisition, having a credit rating of “A” or better from Standard & Poor’s Ratings
Group, Inc. or A2 or better from Moody’s Investors Service, Inc.; 
 (4) certificates of deposit, demand deposits, time
deposits, eurodollar time deposits, overnight bank deposits or bankers’ acceptances having maturities of not more than one year from the date of acquisition thereof issued by any commercial bank (x) the long-term debt of which is rated at
the time of acquisition thereof at least “A” or the equivalent thereof by Standard & Poor’s Ratings Group, Inc., or “A” or the equivalent thereof by Moody’s Investors Service, Inc. or (y) the short term
commercial paper of such commercial bank or its parent company is rated at the time of acquisition thereof at least “A-1” or the equivalent thereof by Standard & Poor’s Ratings Group,
Inc. or “P-1” or the equivalent thereof by Moody’s Investors Service, Inc., and having combined capital and surplus in excess of $500.0 million; 

(5) repurchase obligations with a term of not more than seven days for underlying securities of the types described in
clauses (2), (3) and (4) above, entered into with any financial institution meeting the qualifications specified in clause (4) above; 

(6) commercial paper rated at the time of acquisition thereof at least “A-2”
or the equivalent thereof by Standard & Poor’s Ratings Group, Inc. or “P-2” or the equivalent thereof by Moody’s Investors Service, Inc., or carrying an equivalent rating by a
nationally recognized Rating Agency, if both of the two named Rating Agencies cease publishing ratings of investments, and in any case maturing within one year after the date of acquisition thereof; 

(7) instruments equivalent to those referred to in clauses (1) through (6) above denominated in euros
or any foreign currency comparable in credit quality and tenor to those referred to in such clauses and customarily used by corporations for cash management purposes in any jurisdiction outside the United States to the extent reasonably required in
connection with any business conducted by any Restricted Subsidiary organized in such jurisdiction; 
 (8) interests in any
investment company or money market fund that invests 95% or more of its assets in instruments of the type specified in clauses (1) through (7) above and clause (10) below; 

(9) money market funds that (i) comply with the criteria set forth in Rule 2A-7
of the Investment Company Act of 1940, as amended, (ii) are rated at the time of acquisition thereof “AAA” or the equivalent by Standard & Poor’s Ratings Group, Inc. or “Aaa” or the equivalent thereof by
Moody’s Investors Service, Inc. and (iii) have portfolio assets of at least $5.0 billion; and 

  
 -7- 

 (10) securities with maturities of one year or less from the date of acquisition
backed by standby letters of credit issued by any commercial bank satisfying the requirements of clause (4) of this definition. 

“CBOs” means notes or other instruments (other than CMOs) secured by collateral consisting primarily of debt
securities and/or other types of debt obligations, including loans 
 “Change of Control” means: 

(1) any “person” or “group” of related persons (as such terms are used in Sections 13(d) and 14(d) of
the Exchange Act) becomes the ultimate Beneficial Owner, directly or indirectly, of more than 50% of the total voting power of the Voting Stock of the Parent (or its successors by merger, consolidation or purchase of all or substantially all of its
assets) other than a Permitted Holder; provided that such event shall not be deemed a Change of Control so long as one or more Permitted Holders shall Beneficially Own at least as much total voting power of the Voting Stock of the Parent as
that Beneficially Owned by such person or group; 
 (2) the sale, assignment, lease, transfer, conveyance or other
disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the assets of the Parent and its Subsidiaries taken as a whole to any “person” (as such term is used in
Sections 13(d) and 14(d) of the Exchange Act) other than a Permitted Holder; or 
 (3) the adoption by the stockholders
of the Parent of a plan or proposal for the liquidation or dissolution of the Parent. 
 For purposes of this definition, (i) any
direct or indirect holding company of the Parent shall not itself be considered a “person” or “group” for purposes of clause (1) above; provided that no “person” or “group” (other than the
Permitted Holders or another such holding company) Beneficially Owns, directly or indirectly, more than 50% of the voting power of the Voting Stock of such company, and a majority of the Voting Stock of such holding company immediately following it
becoming the holding company of the Parent is Beneficially Owned by the Persons who Beneficially Owned the voting power of the Voting Stock of the Parent immediately prior to it becoming such holding company and (ii) a Person shall not be
deemed to have beneficial ownership of securities subject to a stock purchase agreement, merger agreement or similar agreement until the consummation of the transactions contemplated by such agreement. 

Notwithstanding the foregoing, the consummation of the Transactions shall not constitute a Change of Control. 

“Change of Control Triggering Event” means (1) if the Notes have an Investment Grade Rating from at least two Rating
Agencies at the time of the applicable Change of Control, the occurrence of both (i) a Change of Control and (ii) a Rating Decline, and (2) if the Notes do 

  
 -8- 

 
not have an Investment Grade Rating at the time of the applicable Change of Control from at least two Rating Agencies, the occurrence of a Change of Control. 

“CMOs” means Notes or other instruments secured by collateral consisting primarily of mortgages, mortgage-backed securities
and/or other types of mortgage-related obligations. 
 “Code” means the Internal Revenue Code of 1986, as amended. 

“Common Stock” means with respect to any Person, any and all shares, interests or other participations in, and other
equivalents (however designated and whether voting or nonvoting) of such Person’s common stock whether or not outstanding on the Issue Date, and includes, without limitation, all series and classes of such common stock. 

“Company” has the meaning assigned to such term in the preamble to this Indenture. 

“Consolidated Income Taxes” means, with respect to any Person for any period, taxes imposed upon such Person or other
payments required to be made by such Person by any governmental authority which taxes or other payments are calculated by reference to the income or profits or capital of such Person or such Person and its Restricted Subsidiaries (to the extent such
income or profits were included in computing Consolidated Net Income for such period), including, without limitation, state, franchise and similar taxes and foreign withholding taxes regardless of whether such taxes or payments are required to be
remitted to any governmental authority. 
 “Consolidated Interest Expense” means, for any period, the interest expense of
the Parent and its Restricted Subsidiaries for such period determined on a consolidated basis in accordance with GAAP, including but not limited to the portion of any payments or accruals with respect to Capitalized Lease Obligations that are
allocable to interest expense, excluding (x) any write-offs of capitalized fees under agreements governing Indebtedness and all amendments thereto, (y) all non-cash charges for the amortization of
deferred financing fees and debt issuance costs, and (z) any interest on tax reserves to the extent the Parent has elected to treat such interest as an interest expense under FASB ASC 450 since its adoption. 

“Consolidated Net Income” means, for any period, the net income (loss) of the Parent and its Restricted Subsidiaries
determined on a consolidated basis in accordance with GAAP (before preferred stock dividends); provided, however, that (without duplication): 

(1) any net income (loss) of any Person if such Person is not a Restricted Subsidiary or that is accounted for by the equity
method of accounting shall be excluded from such Consolidated Net Income, except that: 
 (a) the Parent’s equity in
the net income of any such Person for such period will be included in such Consolidated Net Income up to the aggregate amount of cash actually distributed by such Person during such period to the 

  
 -9- 

 
Parent or a Restricted Subsidiary as a dividend or other distribution (subject, in the case of a dividend or other distribution to a Restricted Subsidiary, to clause
(2) below); and 
 (b) the Parent’s equity in a net loss of any such Person for such period will be
included in determining such Consolidated Net Income to the extent such loss has been funded with cash from the Parent or a Restricted Subsidiary during such period; 

(2) solely for the purpose of determining the amount available for Restricted Payments under clause (3)(A) of
Section 3.4(a), there shall be excluded from such Consolidated Net Income any net income (but not loss) of any Restricted Subsidiary (other than a Guarantor or an Insurance Subsidiary) if such Restricted Subsidiary is
subject to prior government approval or other restrictions due to the operation of its charter or any agreement, instrument, judgment, decree, order, statute, rule or government regulation (which have not been waived), directly or indirectly, on the
payment of dividends or the making of distributions by such Restricted Subsidiary, directly or indirectly, to the Parent, except that: 

(a) the Parent’s equity in the net income of any such Restricted Subsidiary for such period will be included in such
Consolidated Net Income up to the aggregate amount of cash that could have been distributed by such Restricted Subsidiary during such period to the Parent or another Restricted Subsidiary as a dividend (subject, in the case of a dividend to another
Restricted Subsidiary, to the limitation contained in this clause); and 
 (b) the Parent’s equity in a net loss of
any such Restricted Subsidiary for such period will be included in determining such Consolidated Net Income; 
 (3) any net
income (but not loss) of the Insurance Subsidiaries determined on a combined basis shall be excluded from such Consolidated Net Income; provided that, notwithstanding the foregoing, with respect to any such period, there shall be included in
Consolidated Net Income any such amount that could have been distributed by any Insurance Subsidiary, directly or indirectly, to the Company or any Guarantor as a dividend, distribution or return of capital or as a payment of interest or principal
on any Surplus Note; 
 (4) any after-tax effect of gain or loss (less all fees and
expenses relating thereto) realized upon sales or other dispositions of any assets of the Parent or such Restricted Subsidiary (including pursuant to any Sale/Leaseback Transaction) other than in the ordinary course of business shall be excluded
from such Consolidated Net Income; 
 (5) any after-tax effect of income (loss) from
the early extinguishment of Indebtedness or early termination of Hedging Obligations or other derivative instruments shall be excluded from such Consolidated Net Income; 

  
 -10- 

 (6) the after-tax effect of extraordinary
gain or loss shall be excluded from such Consolidated Net Income; 
 (7) the
after-tax effect of the cumulative effect of a change in accounting principles shall be excluded from such Consolidated Net Income; 

(8) any after-tax effect of non-cash
impairment charges recorded in connection with the application of FASB ASC 350 and FASB ASC 360 shall be excluded from such Consolidated Net Income; 

(9) any non-cash compensation expense realized for grants of performance shares, stock
options or other rights to officers, directors and employees of the Parent or any Restricted Subsidiary shall be excluded from such Consolidated Net Income; 

(10) all impairment charges in connection with Investments made by any Insurance Subsidiary in the ordinary course of business
shall be excluded from such Consolidated Net Income; provided that the amount of any cash charges relating to such impairment charges shall not be excluded from Consolidated Net Income by operation of this clause (10) to the extent such
cash charges reduce (i) with respect to any Insurance Subsidiary that is not a Foreign Subsidiary, “Total Adjusted Capital” (as defined by the applicable Insurance Regulatory Authority) or (ii) with respect to any Insurance
Subsidiary that is a Foreign Subsidiary, such comparable term as defined by the Insurance Regulatory Authority of such Insurance Subsidiary; and 

(11) interest related realized net investment portfolio trading losses of any Insurance Subsidiary shall be excluded from
Consolidated Net Income to the extent such losses do not reduce (i) with respect to any Insurance Subsidiary that is not a Foreign Subsidiary, such Insurance Subsidiary’s “Total Adjusted Capital” (as defined by the applicable
Insurance Regulatory Authority) or (ii) with respect to any Insurance Subsidiary that is a Foreign Subsidiary, such comparable term as defined by the Insurance Regulatory Authority of such Insurance Subsidiary. 

“Contribution Debt” means Indebtedness of the Company or any Guarantor in an aggregate principal amount not greater than the
aggregate amount of cash received from cash contributions (other than proceeds from Disqualified Stock) made to the capital of the Parent after the Issue Date; provided that: 

(1) such cash has not been used to make a Restricted Payment and shall thereafter be excluded from any calculation under
clause (3)(B) of Section 3.4(a) or used to make any Restricted Payment pursuant to Section 3.4(b) (it being understood that if any such Indebtedness incurred as Contribution Debt is
redesignated as incurred under any provision other than clause (xviii) of Section 3.3(b) the related capital contribution may thereafter be included in any calculation under clause (3)(B) of
Section 3.4(a); and 

  
 -11- 

 (2) such Contribution Debt (a) is incurred within 180 days after the making
of such cash contributions and (b) is so designated as Contribution Debt pursuant to an Officer’s Certificate on the incurrence date thereof. 

“Corporate Trust Office” shall be at the address of the Trustee specified in Section 11.1 or such
other address as to which the Trustee may give notice to the Company or Holders pursuant to the procedures set forth in Section 11.1. 

“Credit Facilities” means (i) the Credit Agreement, dated as of November 30, 2017, among the Company and the
Parent, as borrowers, Royal Bank of Canada, as administrative agent, the lenders party thereto and the other parties thereto, including any notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, and any
amendments, supplements, modifications, extensions, renewals, restatements or refundings thereof and any debt facilities, commercial paper facilities, credit agreements, indentures or other agreements, in each case with banks or other institutional
lenders, purchasers, investors, trustees or agents that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that
increases the amount borrowable thereunder or alters the maturity thereof and (ii) one or more debt facilities, commercial paper facilities, credit agreements, indentures or other agreements, in each case with banks or other institutional
lenders, purchasers, investors, trustees or agents providing for revolving credit loans, term loans, receivables financing, including through the sale of receivables to such lenders or to special purpose entities formed to borrow from such lenders
against receivables, letters of credit or other extensions of credit or other indebtedness, in each case including any notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments,
supplements, modifications, extensions, renewals, restatements or refundings thereof and any debt facilities, commercial paper facilities, credit agreements, indentures or other agreements, in each case with banks or other institutional lenders,
purchasers, investors, trustees or agents that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that
increases the amount borrowable thereunder or alters the maturity thereof. 
 “Currency Agreement” means in respect of a
Person any foreign exchange contract, currency swap agreement, currency futures contract, currency option contract or other similar agreement as to which such Person is a party or a beneficiary. 

“Debt to Total Capitalization Ratio” means, as of any date, the ratio of (a) the principal amount of, and accrued but
unpaid interest on, all Indebtedness for borrowed money of the Parent and its Restricted Subsidiaries outstanding on such date, other than (i) Indebtedness owing to the Parent or any of its Restricted Subsidiaries and (ii) the liabilities
(if any) of the Parent or any of its Restricted Subsidiaries in respect of Hedging Obligations as determined by reference to the termination value of the agreements or arrangements giving rise to such Hedging Obligations, to (b) Total
Capitalization on such date. 

  
 -12- 

 In the event that the Parent or any of its Restricted Subsidiaries Incurs, repays, repurchases
or redeems any Indebtedness (other than in the case of revolving credit borrowings, in which case interest expense shall be computed based upon the average daily balance of such Indebtedness during the applicable period) or issues, repurchases or
redeems, Capital Stock, Disqualified Stock or Preferred Stock subsequent to the last day of the Parent’s most recently ended fiscal quarter for which internal financial statements are available but prior to or simultaneously with the event for
which the calculation of the Debt to Total Capitalization Ratio is made (the “Calculation Date”), then the Debt to Total Capitalization Ratio shall be calculated giving pro forma effect to such Incurrence, repayment, repurchase or
redemption of Indebtedness, or such issuance, repurchase or redemption of Capital Stock, Disqualified Stock or Preferred Stock, as if the same had occurred at the Calculation Date. 

For purposes of making the computation referred to above, issuances of Capital Stock, Investments, Asset Dispositions, Asset Acquisitions and
discontinued operations (as determined in accordance with GAAP), in each case with respect to an operating unit of a business, and any operational changes that the Parent or any Restricted Subsidiary has determined to make and/or has made subsequent
to the last day of the Parent’s most recently ended fiscal quarter for which internal financial statements are available and on or prior to or simultaneously with the Calculation Date shall be calculated on a pro forma basis assuming that all
such events had occurred on the last day of the Parent’s most recently ended fiscal quarter for which internal financial statements are available. 

For purposes of this definition, whenever pro forma effect is to be given to any event, the pro forma calculations shall be made in Good
Faith by the Parent. 
 For purposes of this definition, any amount in a currency other than U.S. dollars will be converted to U.S. dollars
based on the exchange rate for such currency as of the Calculation Date. 
 “Default” means any event or condition that
is, or after notice or passage of time or both would be, an Event of Default. 
 “Definitive Note” means a certificated
Note registered in the name of the Holder thereof and issued in accordance with Section 2.7 hereof, substantially in the form of Exhibit A hereto (as such form may be modified in accordance with
Section 2.2 hereof) except that such Note shall not bear the Global Note Legend and shall not have the “Schedule of Exchanges of Interests in the Global Note” attached thereto. 

“Depositary” means The Depository Trust Company, its nominees and their respective successors and assigns, or such other
depository institution hereinafter appointed by the Company. 
 “Designated Non-cash
Consideration” means any consideration which is not cash or Cash Equivalents received by the Parent or its Restricted Subsidiaries in connection with an Asset Disposition that is designated as Designated
Non-cash Consideration pursuant to an 

  
 -13- 

 
Officer’s Certificate executed by the Parent or the Company at the time of such Asset Disposition. Any particular item of Designated Non-cash
Consideration will cease to be considered to be outstanding once it has been transferred, sold or otherwise exchanged for or converted into or for cash or Cash Equivalents. 

“Disqualified Stock” means, with respect to any Person, any Capital Stock of such Person that by its terms (or by the terms
of any security into which it is convertible or for which it is exchangeable) or upon the happening of any event: 
 (1)
matures or is mandatorily redeemable pursuant to a sinking fund obligation or otherwise; 
 (2) is convertible into or
exchangeable for Indebtedness or Disqualified Stock (excluding Capital Stock which is convertible or exchangeable solely at the option of the Parent or a Restricted Subsidiary (it being understood that upon such conversion or exchange it shall be an
Incurrence of such Indebtedness or Disqualified Stock)); or 
 (3) is redeemable at the option of the holder of the Capital
Stock in whole or in part, 
 in each case on or prior to the date 91 days after the earlier of the final maturity date of the Notes or the date the Notes
are no longer outstanding; provided, however, that only the portion of Capital Stock that so matures or is mandatorily redeemable, is so convertible or exchangeable or is so redeemable at the option of the holder thereof prior to such
date will be deemed to be Disqualified Stock; provided, further, that any Capital Stock that would constitute Disqualified Stock solely because the holders thereof have the right to require such Person to repurchase such Capital Stock
upon the occurrence of a “change of control” or “asset disposition” (each defined in a similar manner to the corresponding definitions in this Indenture) shall not constitute Disqualified Stock if the terms of such Capital Stock
(and all such securities into which it is convertible or for which it is ratable or exchangeable) provide that such Person may not repurchase or redeem any such Capital Stock (and all such securities into which it is convertible or for which it is
ratable or exchangeable) pursuant to such provision prior to compliance by the Parent with Section 3.7 and Section 3.9 and such repurchase or redemption complies with
Section 3.4. In addition, any Capital Stock held by any future, present or former employee, director, officer, manager or consultant (or their estates, spouses or former spouses) of the Parent, any of its Subsidiaries or
any direct or indirect parent company of the Parent pursuant to any stockholders agreement, management equity plan or stock option plan or any other management or employee benefit plan or agreement shall not constitute Disqualified Stock solely
because it may be required to be repurchased by the Parent or its Subsidiaries following the termination of employment or death or disability of such employee, director, officer, manager or consultant with the Parent or any of its Subsidiaries or in
order to satisfy applicable regulatory or statutory obligation (so long as, in each case referred to in this sentence, any such requirement is made subject to compliance with this Indenture). 

  
 -14- 

 “Equity Offering” means any public or private sale, after the Issue Date, of
Capital Stock of the Parent or any direct or indirect parent of the Parent (to the extent the proceeds thereof are contributed to the common equity of the Parent) other than an issuance registered on Form S-4
or S-8, or any successor thereto or any issuance to a Subsidiary of the Parent or pursuant to employee benefit plans or otherwise in compensation to officers, directors or employees. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated
thereunder. 
 “Excluded Subsidiary” means (a) any Foreign Subsidiary of the Parent or any Subsidiary of a Foreign
Subsidiary of the Parent, (b) any Immaterial Subsidiary (other than an Insurance Subsidiary), (c) any Insurance Subsidiary or any Subsidiary of an Insurance Subsidiary, (d) any Special Purpose Subsidiary, (e) any Unrestricted
Subsidiary, (f) any Restricted Subsidiary that is not permitted by law or regulation to guarantee the Obligations with respect to the Notes or that would be required to obtain governmental (including regulatory) consent, approval, license or
authorization to guarantee the Obligations with respect to the Notes (unless such consent, approval, license or authorization has been received), (g) any Restricted Subsidiary that is prohibited from guaranteeing the Obligations with respect to
the Notes by any contractual obligation in existence on the Issue Date (or, in the case of any newly acquired Subsidiary, in existence at the time of acquisition but not entered into in contemplation thereof) and (h) any Subsidiary of the
Parent to the extent such Subsidiary guaranteeing the Obligations would reasonably be expected to result in an adverse tax consequence to the Parent (or its direct or indirect beneficial owners) and its Subsidiaries (including as a result of the
operation of Section 956 of the Code or any similar law or regulation in any applicable jurisdiction) as reasonably determined by the Parent. 

“Fair Market Value” means, with respect to any property, the price that would reasonably be expected to be paid in an
arm’s length free market transaction, for cash, between a willing seller and a willing buyer, neither of whom is under undue pressure or compulsion to complete the transaction. Fair Market Value shall be determined in Good Faith by the Parent.

 “F&G Re” means F&G Re Ltd., a Bermuda exempted company registered as a Class C insurer under the Insurance
Act, and any successor thereto as permitted by the terms of this Indenture. 
 “Foreign Guarantor” means any Guarantor
that is organized or existing under the laws of, or otherwise treated as resident for tax purposes in, a jurisdiction other than the United States, any state thereof or the District of Columbia. 

“Foreign Subsidiary” of any Person means (i) any Restricted Subsidiary that is not organized or existing under the laws
of the United States of America or any state thereof or the District of Columbia, (ii) any Restricted Subsidiary that is organized or existing under the laws of the United States of America or any state thereof or the District of Columbia, if
all or substantially all of the assets of such Restricted Subsidiary consist of equity or debt of one or 

  
 -15- 

 
more Restricted Subsidiaries described in clause (i), intellectual property relating to such Restricted Subsidiaries and other assets (including cash or Cash
Equivalents) relating to an ownership interest in such Restricted Subsidiaries, and (iii) any Subsidiary of a Restricted Subsidiary described in clause (i). 

“GAAP” means generally accepted accounting principles in the United States of America as in effect as of the Issue Date
(except with respect to the financial statements being furnished pursuant to Section 3.2 hereof, as to which such principles in effect from time to time shall apply), including those set forth in the opinions and
pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as approved by
a significant segment of the accounting profession. All ratios and computations based on GAAP contained in this Indenture will be computed in conformity with GAAP, except that in the event the Parent is acquired in a transaction that is accounted
for using purchase accounting, the effects of the application of purchase accounting shall be disregarded in the calculation of such ratios and other computations contained in this Indenture. 

“Global Note Legend” means the legend set forth in Section 2.1(b) hereof, which is required to be
placed on all Global Notes issued under this Indenture. 
 “Global Notes” means, individually and collectively, each of
the Restricted Global Notes and the Unrestricted Global Notes, substantially in the form of Exhibit A hereto (as such form may be modified in accordance with Section 2.2 hereof) issued in accordance with
Section 2.1 or 2.7 hereof. 
 “Good Faith by the Parent” means the decision in good faith
by a responsible financial or accounting officer of the Parent, which determination shall be conclusive. 
 “Guarantee”
means any obligation, contingent or otherwise, of any Person, directly or indirectly, guaranteeing any Indebtedness or other financial obligations of any other Person and any obligation, direct or indirect, contingent or otherwise, of such Person:

 (1) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness of such other Person
(whether arising by virtue of partnership arrangements, or by agreement to keep-well, to purchase assets, goods, securities or services, to take-or-pay, or to maintain
financial statement conditions or otherwise); or 
 (2) entered into for purposes of assuring in any other manner the
obligee of such Indebtedness or other financial obligation of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part); provided, however, that the term “Guarantee” will not
include endorsements for collection or deposit in the ordinary course of business. The term “Guarantee” used as a verb has a corresponding meaning. 

“Guarantors” has the meaning assigned to such term in the preamble to this Indenture. 

  
 -16- 

 “Hedging Obligations” of any Person means the obligations of such Person
pursuant to any Interest Rate Agreement or Currency Agreement, excluding any Obligations of Insurance Subsidiaries with respect to Swap Contracts entered into in the ordinary course of business and consistent with the investment policy approved by
the Board of Directors of such Insurance Subsidiary. 
 “Holder” means a Person in whose name a Note is registered on the
Registrar’s books. 
 “IAI Global Note” means a Global Note substantially in the form of
Exhibit A hereto (as such form may be modified in accordance with Section 2.2) bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of, and registered in
the name of, the Depositary or its nominee, issued in an initial denomination equal to the outstanding principal amount of the Notes initially sold to Institutional Accredited Investors. 

“Immaterial Subsidiary” means any Subsidiary that has less than 5% of the consolidated assets of the Parent and its
Subsidiaries or that accounts for less than 5% of the consolidated revenues of the Parent and its Subsidiaries. Any Subsidiary so designated as an Immaterial Subsidiary that fails to meet the foregoing as of the last day of the period of four
consecutive fiscal quarters most recently ended shall continue to be deemed an “Immaterial Subsidiary” hereunder until the date that is 60 days following the delivery of annual or quarterly financial statements pursuant to
Section 3.2 hereof with respect to such period (or the last quarter thereof, as applicable). 

“Incur” means to issue, create, assume, Guarantee, incur or otherwise become liable for; provided, however,
that any Indebtedness or Capital Stock of a Person existing at the time such Person becomes a Restricted Subsidiary (whether by merger, consolidation, acquisition or otherwise) will be deemed to be Incurred by such Person at the time it becomes a
Restricted Subsidiary; and the terms “Incurred” and “Incurrence” have meanings correlative to the foregoing. Any Indebtedness issued at a discount (including Indebtedness on which interest is payable through the issuance of
additional Indebtedness) shall be deemed incurred at the time of original issuance of the Indebtedness at the initial accreted amount thereof. 

“Indebtedness” means, with respect to any Person on any date of determination (without duplication): 

(1) the principal of and premium (if any) in respect of indebtedness of such Person for borrowed money; 

(2) the principal of and premium (if any) in respect of obligations of such Person evidenced by bonds, debentures, notes or
other similar instruments; 
 (3) the principal component of all obligations of such Person in respect of letters of credit,
bankers’ acceptances or other similar instruments (including reimbursement obligations with respect thereto, except to the extent such reimbursement obligation relates to a Trade Payable or similar obligation to a trade creditor in each case

  
 -17- 

 
incurred in the ordinary course of business) other than obligations with respect to letters of credit, bankers’ acceptances or similar instruments securing obligations (other than
obligations described in clauses (1) and (2) above and clause (5) below) entered into in the ordinary course of business of such Person to the extent such letters of credit, bankers’ acceptances or similar
instruments are not drawn upon or, to the extent drawn upon, such drawing is reimbursed no later than the fifth Business Day following receipt by such Person of a demand for reimbursement following payment on the letter of credit, bankers’
acceptance or similar instrument; 
 (4) the principal component of all obligations of such Person to pay the deferred and
unpaid purchase price of property (except Trade Payables), which purchase price is due more than six months after the date of placing such property in service or taking delivery and title thereto, except (i) any such balance that constitutes a
Trade Payable, accrued liability or similar obligation to a trade creditor, in each case accrued in the ordinary course of business, and (ii) any earn-out obligation until the amount of such obligation
becomes a liability on the balance sheet of such Person in accordance with GAAP; 
 (5) Capitalized Lease Obligations and
all Attributable Indebtedness of such Person (whether or not such items would appear on the balance sheet of the guarantor or obligor); 

(6) the principal component or liquidation preference of all obligations of such Person with respect to the redemption,
repayment or other repurchase of any Disqualified Stock or, with respect to any Subsidiary that is not a Guarantor, any Preferred Stock (but excluding, in each case, any accrued dividends); 

(7) the principal component of all indebtedness of other Persons secured by a Lien on any asset of such Person, whether or not
such Indebtedness is assumed by such Person; provided, however, that the amount of such Indebtedness will be the lesser of (a) the Fair Market Value of such asset at such date of determination and (b) the amount of such
indebtedness of such other Persons; 
 (8) the principal component of Indebtedness of other Persons to the extent Guaranteed
by such Person (whether or not such items would appear on the balance sheet of the guarantor or obligor); and 
 (9) to the
extent not otherwise included in this definition, net Hedging Obligations of such Person (the amount of any such obligations to be equal at any time to the termination value of such agreement or arrangement giving rise to such Hedging Obligation
that would be payable by such Person at such time). 
 In no event shall the term “Indebtedness” include (i) any
indebtedness under any overdraft or cash management facilities so long as any such indebtedness is repaid in full no later than five Business Days following the date on which it was incurred or in the case of such

  
 -18- 

 
indebtedness in respect of credit or purchase cards, within 60 days of its incurrence, (ii) obligations in respect of performance, appeal or other surety bonds or completion guarantees
incurred in the ordinary course of business, (iii) except as provided in clause (5) above, any obligations in respect of a lease properly classified as an operating lease in accordance with GAAP, (iv) any liability for federal,
state, local or other taxes not yet delinquent or being contested in good faith and for which adequate reserves have been established to the extent required by GAAP, (v) any customer deposits or advance payments received in the ordinary course
of business, (vi) Obligations of Insurance Subsidiaries with respect to Swap Contracts entered into in the ordinary course of business and consistent with the investment policy approved by the Board of Directors of such Insurance Subsidiary,
(vii) the following obligations issued or undertaken in connection with a Statutory Reserve Financing: (A) Surplus Notes or other obligations of any Special Purpose Subsidiary of the Parent (“Reserve Financing Notes”),
(B) any securities backed by such Reserve Financing Notes by an entity formed in connection with a Statutory Reserve Financing, (C) letters of credit issued for the account of any Special Purpose Subsidiary of the Parent,
(D) reimbursement obligations of any Special Purpose Subsidiary, (E) any guarantees of the obligations described in (A), (B), (C) or (D) above, (F) reimbursement obligations or (G) capital maintenance or similar obligations
in favor of any Special Purpose Subsidiary, and (viii) any obligations with respect to insurance policies, annuities, guaranteed investment contracts and similar policies underwritten by an Insurance Subsidiary, in each case, in the ordinary
course of business. 
 The amount of Indebtedness of any Person at any date will be the outstanding balance at such date of all
unconditional obligations as described above and the maximum liability, upon the occurrence of the contingency giving rise to the obligation, of any contingent obligations at such date; provided that (x) contingent obligations arising in
the ordinary course of business and not with respect to borrowed money of such Person or other Persons, and (y) the obligations of any Person under Reinsurance Agreements shall be deemed not to constitute Indebtedness. Notwithstanding the
foregoing, money borrowed and set aside at the time of the Incurrence of any Indebtedness in order to prefund the payment of interest on such Indebtedness shall not be deemed to be “Indebtedness;” provided that such money is held to
secure the payment of such interest. 
 “Independent Financial Advisor” means (1) an accounting, appraisal or
investment banking firm or (2) a consultant to Persons engaged in a Related Business, in each case of nationally recognized standing that is, in the good faith judgment of the Parent, qualified to perform the task for which it has been engaged.

 “Indirect Participant” means a Person who holds a beneficial interest in a Global Note through a Participant. 

“Initial Notes” means the $550,000,000 in aggregate principal amount of 5.50% Senior Notes due 2025 of the Company issued
under the first Notes Supplemental Indenture on the Issue Date. 

  
 -19- 

 “Initial Purchasers” means, with respect to the Initial Notes, RBC Capital
Markets, LLC, Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Blackstone Advisory Partners L.P. and, with respect to any Additional Notes, other such initial purchasers party to future purchase agreements
entered into in connection with an offer and sale of such Additional Notes. 
 “Institutional Accredited Investor” means
an institution that is an “accredited investor” as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act, who are not also QIBs. 

“Insurance Act” means the Insurance Act 1978 of Bermuda and its related rules and regulations, as amended. 

“Insurance Regulatory Authority” means, with respect to any Insurance Subsidiary, the governmental or regulatory authority
or agency charged with regulating the insurance business of insurance companies or insurance holding companies, in its jurisdiction of legal domicile. 

“Insurance Subsidiary” means any Restricted Subsidiary of the Parent that is required to be licensed as an insurer or
reinsurer. 
 “Interest Payment Date” means, when used with respect to any Note and any installment of interest thereon,
the date specified in such Note as the fixed date on which such installment of interest is due and payable, as set forth in such Note. 

“Interest Rate Agreement” means with respect to any Person any interest rate protection agreement, interest rate future
agreement, interest rate option agreement, interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedge agreement or other similar agreement or arrangement as to which such Person is party or a
beneficiary. 
 “Intermediate Guarantor” has the meaning assigned to in the preamble to this Indenture. 

“Investment” in any Person means any direct or indirect advance, loan (other than advances or extensions of credit in the
ordinary course of business that are in conformity with GAAP recorded as accounts receivable on the balance sheet of the Parent or its Restricted Subsidiaries) or other extensions of credit (including by way of Guarantee or similar arrangement, but
excluding any debt or extension of credit represented by a bank deposit other than a time deposit) or capital contribution to (by means of any transfer of cash or other property to others or any payment for property or services for the account or
use of others), or any purchase or acquisition of Capital Stock, Indebtedness or other similar instruments issued by, such Person and all other items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP;
provided that none of the following will be deemed to be an Investment: 

  
 -20- 

 (1) Hedging Obligations entered into in the ordinary course of business and in
compliance with this Indenture; 
 (2) endorsements of negotiable instruments and documents in the ordinary course of
business; 
 (3) an acquisition of assets, Capital Stock or other securities by the Parent or a Subsidiary for consideration
to the extent such consideration consists of Common Stock of the Parent; 
 (4) a deposit of funds in connection with an
acquisition of assets, Capital Stock or other securities; provided that either such acquisition is consummated by or through a Restricted Subsidiary or such deposit is returned to the Person who made it; 

(5) an account receivable arising, or prepaid expenses or deposits made, in the ordinary course of business; and 

(6) licensing or transfer of know-how or intellectual property or the providing of
services in the ordinary course of business. 
 For purposes of Section 3.4 hereof, (1) “Investment” will include the
portion (proportionate to the Parent’s equity interest in a Restricted Subsidiary to be designated as an Unrestricted Subsidiary) of the Fair Market Value of the net assets of such Restricted Subsidiary at the time that such Restricted
Subsidiary is designated an Unrestricted Subsidiary; provided, however, that upon a redesignation of such Subsidiary as a Restricted Subsidiary, the Parent shall be deemed to continue to have a permanent “Investment” in an
Unrestricted Subsidiary in an amount (if positive) equal to (a) the Parent’s aggregate “Investment” in such Subsidiary as of the time of such redesignation less (b) the portion (proportionate to the Parent’s equity
interest in such Subsidiary) of the Fair Market Value of the net assets (as conclusively determined in good faith by the Board of Directors of the Parent) of such Subsidiary at the time that such Subsidiary is so redesignated a Restricted
Subsidiary; (2) any property transferred to or from an Unrestricted Subsidiary shall be valued at its Fair Market Value at the time of such transfer, in each case as determined in good faith by the Board of Directors of the Parent; and
(3) the value of any “Investment” made by an Insurance Subsidiary shall be calculated net of any liabilities of the Insurance Subsidiary that are assumed by the Person in whom the Investment is being made. 

“Investment Grade Rating” means a rating equal to or higher than (i) Baa3 (or the equivalent) by Moody’s Investors
Service, Inc., (ii) BBB- (or the equivalent) by Standard & Poor’s Ratings Group, Inc. and (iii) BBB- (or the equivalent) by Fitch, Inc. or an
equivalent rating by any other Rating Agency substituted for any of the foregoing; provided that a change in outlook shall not by itself cause the Parent to lose its Investment Grade Rating. 

“Investment Grade Securities” means: 

  
 -21- 

 (1) securities issued or directly and fully guaranteed or insured by the United
States, United Kingdom or Canadian government or any agency or instrumentality thereof (other than Cash Equivalents); 
 (2)
debt securities or debt instruments with a rating of “A-” or higher from Standard & Poor’s Ratings Group, Inc. or “A3” or higher by Moody’s Investors Service, Inc. or the
equivalent of such rating by such rating organization or, if no rating of Moody’s Investors Service, Inc. or Standard & Poor’s Ratings Group, Inc. then exists, the equivalent of such rating by any other nationally recognized
Rating Agency, but excluding any debt securities or instruments constituting loans or advances among the Parent and its Subsidiaries; and 

(3) investments in any fund that invests exclusively in investments of the type described in clauses (1) and (2) above
which fund may also hold cash and Cash Equivalents pending investment or distribution. 
 “Investment Management
Agreement” means each investment management agreement, each management services agreement and any similar or related agreements or arrangements, between (a) any of the management companies associated with one or more of the Permitted
Holders or their advisors, if applicable, and (b) the Parent or any Restricted Subsidiary (and/or any direct or indirect parent companies of the Parent or any Restricted Subsidiary), in each case, as in effect from time to time. 

“Issue Date” means April 20, 2018. 

“Lien” means, with respect to any asset, any mortgage, lien (statutory or otherwise), pledge, hypothecation, charge,
security interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof,
any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction; provided that in no event
shall an operating lease (or any filing or agreement to give any financing statement in connection therewith) be deemed to constitute a Lien. 

“Material Subsidiary” means any Subsidiary that is not an Immaterial Subsidiary. Notwithstanding anything to the contrary in
this Indenture, Parent shall have no obligation to maintain any particular Subsidiary (including F&G Re) as, or cause any Subsidiary (including F&G Re) to be, a Material Subsidiary. 

“Merger Agreement” means the Merger Agreement, dated as of May 24, 2017, by and among CF Corporation, FGL US Holdings
Inc., FGL Merger Sub Inc. and Fidelity & Guaranty Life, as it may be amended, supplemented, waived or otherwise modified from time to time. 

“Moody’s” means Moody’s Investors Service, Inc. and any successor thereto. 

  
 -22- 

 “NAIC” means the National Association of Insurance Commissioners or any
successor thereto, or in the absence of the National Association of Insurance Commissioners or such successor, any other association, agency or other organization performing advisory, coordination or other like functions among insurance departments,
insurance commissioners and similar governmental authorities of the various states of the 
United States toward the promotion of uniformity in the practices of such governmental authorities. 

“Net Available Cash” from an Asset Disposition means an amount equal to the cash payments received (including any cash
payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and net proceeds from the sale or other disposition of any securities or other assets received as consideration, but only as and when
received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to the properties or assets that are the subject of such Asset Disposition or received in any
other non-cash form) therefrom, in each case net of: (1) all brokerage, legal, accounting, investment banking, title and recording tax expenses, commissions and other fees and expenses incurred, and all
Federal, state, provincial, foreign and local taxes required to be paid or accrued as a liability under GAAP (after taking into account any available tax credits or deductions and any tax sharing agreements), as a consequence of such Asset
Disposition; (2) all payments made on any Indebtedness that is secured by any assets subject to such Asset Disposition, in accordance with the terms of any Lien upon such assets, or that must by its terms, or in order to obtain a necessary
consent to such Asset Disposition, or by applicable law be repaid out of the proceeds from such Asset Disposition; (3) all distributions and other payments required to be made to minority interest holders in Subsidiaries or joint ventures as a
result of such Asset Disposition; (4) the deduction of appropriate amounts to be provided by the seller as a reserve, in accordance with GAAP, against any liabilities associated with the property or other assets disposed of in such Asset
Disposition and retained by the Parent or any Restricted Subsidiary after such Asset Disposition, including, without limitation, pension and other post-employment benefit liabilities and liabilities related to environmental matters; (5) any
portion of the purchase price from an Asset Disposition placed in escrow (whether as a reserve for adjustment of the purchase price, or for satisfaction of indemnities in respect of such Asset Disposition); and (6) in the case of an Asset
Disposition by an Insurance Subsidiary, proceeds that are not permitted to be paid as a dividend or distribution by such Insurance Subsidiary pursuant to regulatory restrictions provided, however, that in the cases of clauses
(4) and (5), upon reversal of any such reserve or the termination of any such escrow, Net Available Cash shall be increased by the amount of such reversal or any portion of funds released from escrow to the Parent or any Restricted
Subsidiary. 
 “Net Cash Proceeds” means, with respect to any issuance or sale of Capital Stock of the Parent or any
Restricted Subsidiary or Indebtedness, the cash proceeds of such issuance or sale net of attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees, listing fees, discounts or commissions and brokerage,
consultant and other fees, charges and expenses actually Incurred in connection with such issuance or sale and net of taxes paid or payable as a result of such issuance or sale (after taking into account any available tax credit or deductions and
any tax sharing arrangements). 

  
 -23- 

 “Non-Guarantor Subsidiary” means any
Restricted Subsidiary that is not the Company or a Guarantor. 
 “Non-Recourse
Debt” means Indebtedness of a Person: 
 (1) as to which neither the Parent nor any Restricted Subsidiary
(a) provides any Guarantee or credit support of any kind (including any undertaking, Guarantee, indemnity, agreement or instrument that would constitute Indebtedness) or (b) is directly or indirectly liable (as a guarantor or otherwise);

 (2) no default with respect to which would permit (upon notice, lapse of time or both) any holder of any other
Indebtedness of the Parent or any Restricted Subsidiary to declare a default under such other Indebtedness or cause the payment thereof to be accelerated or payable prior to its Stated Maturity; and 

(3) the explicit terms of which provide there is no recourse against any of the assets of the Parent or its Restricted
Subsidiaries. 
 “Non-U.S. Person” means a Person who is not a U.S. Person. 

“Notes” means the Initial Notes and any Additional Notes. 

“Notes Custodian” means the custodian with respect to the Global Note (as appointed by the Depositary), or any successor
Person thereto and shall initially be the Trustee. 
 “Notes Supplemental Indenture” means a Supplemental Indenture
pursuant to which the Company issues Notes in accordance with Section 2.2, which may be substantially in the form attached hereto as Exhibit F, or in such other form as the Company may determine in accordance with
Section 2.2. 
 “Obligations” means any principal, interest (including any interest accruing
subsequent to the filing of a petition in bankruptcy, reorganization or similar proceeding at the rate provided for in the documentation with respect thereto, whether or not such interest is an allowed claim under applicable state, federal or
foregoing law), penalties, fees, indemnifications, reimbursements (including, without limitation, reimbursement obligations with respect to letters of credit and bankers’ acceptances), damages and other liabilities, and guarantees of payment of
such principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities, payable under the documentation governing any Indebtedness. 

“Offering Memorandum” means the offering memorandum, dated as of April 17, 2018, relating to the offering of the Notes.

 “Officer” means the Chairman of the Board, the Chief Executive Officer, the President, the Chief Financial Officer, any
Executive Vice President, Senior Vice President or Vice President, the Treasurer or the Secretary of the Parent or the Company or, in the event that a Person is a partnership or a limited liability company that has no such officers, a person duly

  
 -24- 

 
authorized under applicable law by the general partner, managers, members or a similar body to act on behalf of such Person. Officer of any Guarantor has a correlative meaning. 

“Officer’s Certificate” means a certificate signed by an Officer of the Parent or the Company and delivered to the
Trustee. 
 “OM Purchase Agreement” means the First Amended and Restated Stock Purchase Agreement, dated February 17,
2011, between OM Group (UK) Limited and Harbinger F&G, LLC. 
 “Opinion of Counsel” means a written opinion from
legal counsel that is reasonably acceptable to the Trustee. The counsel may be an employee of or counsel to the Parent or a Restricted Subsidiary. 

“Parent” has the meaning assigned to such term in the preamble to this Indenture. 

“Participant” means, with respect to the Depositary, a Person who has an account with the Depositary. 

“Permitted Holders” means: 

(1) each of FGL Holdings (f/k/a CF Corporation), Blackstone Tactical Opportunities Fund II, L.P., GSO Capital Partners LP,
Fidelity National Financial, Inc., BilCar, LLC, CC Capital Management, LLC, CFS Holdings (Cayman), LP, CFS II Holdings (Cayman), LP and the Blackstone Funds; 

(2) any Affiliate or Related Party of any Person specified in clause (1), other than another portfolio company thereof (which
means a company actively engaged in providing goods and services to unaffiliated customers) or a company controlled by a “portfolio company”; and 

(3) any Person both the Capital Stock and the Voting Stock of which (or in the case of a trust, the beneficial interests in
which) are owned 50% or more by Persons specified in clauses (1) and (2) or any group in which the Persons specified in clauses (1) and (2) own more than a majority of the voting power of the Voting Stock held by such group, and any Person
that is a member of any such group. 
 “Permitted Investment” means an Investment by the Parent or any Restricted
Subsidiary in: 
 (1) the Parent or a Restricted Subsidiary, including through the purchase of Capital Stock of a Restricted
Subsidiary; 
 (2) any Investment by the Parent or any of its Restricted Subsidiaries in a Person that is engaged in a
Related Business if as a result of such Investment: 

  
 -25- 

 (a) such Person becomes a Restricted Subsidiary; or 

(b) such Person, in one transaction or a series of related transactions, is merged or consolidated with or into, or transfers
or conveys all or substantially all of its assets to, or is liquidated into, the Parent or a Restricted Subsidiary, 
 and, in each case,
any Investment held by such Person; provided that such Investment was not acquired by such Person in contemplation of such acquisition, merger, consolidation or transfer; 

(3) cash and Cash Equivalents or Investments that constituted Cash Equivalents at the time made or Investment Grade
Securities; 
 (4) receivables owing to the Parent or any Restricted Subsidiary created or acquired in the ordinary course
of business and payable or dischargeable in accordance with customary trade terms; provided, however, that such trade terms may include such concessionary trade terms as the Parent or any such Restricted Subsidiary deems reasonable
under the circumstances; 
 (5) commission, relocation, entertainment, payroll, travel and similar advances to cover matters
that are expected at the time of such advances ultimately to be treated as expenses for accounting purposes and that are made in the ordinary course of business; 

(6) loans or advances to, or guarantees of third party loans to, employees, officers or directors of the Parent or any
Subsidiary in the ordinary course of business in an aggregate amount outstanding at any time not in excess of $5.0 million with respect to all loans or advances or guarantees made since the Issue Date (without giving effect to the forgiveness
of any such loan) or to fund such Person’s purchase of Capital Stock of the Parent or any direct or indirect parent of the Parent; 

(7) any Investment acquired by the Parent or any of its Restricted Subsidiaries: 

(a) in exchange for any other Investment or accounts receivable held by the Parent or any such Restricted Subsidiary in
connection with or as a result of a judgment, bankruptcy, workout, reorganization or recapitalization of the issuer of such other Investment or accounts receivable; 

(b) as a result of a foreclosure by the Parent or any of its Restricted Subsidiaries with respect to any secured Investment
or other transfer of title with respect to any secured Investment in default; or 
 (c) in the form of notes payable, or
stock or other securities issued by account debtors to the Parent or any Restricted Subsidiary pursuant to negotiated agreements with respect to the settlement of such account debtor’s accounts, and

  
 -26- 

 
other Investments arising in connection with the compromise, settlement or collection of accounts receivable, in each case in the ordinary course of business; 

(8) Investments made as a result of the receipt of non-cash consideration (including
Designated Non-cash Consideration) from an Asset Disposition that was made pursuant to and in compliance with Section 3.7 hereof or any other disposition of assets not constituting an
Asset Disposition; 
 (9) Investments in existence on the Issue Date and Investments committed to be made as of the Issue
Date, and any extension, modification or renewal of any such Investments, or Investments purchased or received in exchange for such Investments, existing on the Issue Date, but only to the extent not involving additional advances, contributions or
other Investments of cash or other assets or other increases thereof (other than (x) as contemplated by the terms of such Investment as in effect on the Issue Date, (y) as permitted under this definition or
Section 3.4 hereof or (z) pursuant to the terms of such Investment as in effect on the Issue Date, as a result of the accrual or accretion of interest or original issue discount or the issuance of pay-in-kind securities); 
 (10) any Person to the
extent such Investments consist of Hedging Obligations, which transactions or obligations are Incurred in compliance with Section 3.3 hereof; 

(11) Guarantees of Indebtedness issued in accordance with Section 3.3 hereof and guarantees to
suppliers, licensors or the providers of operating leases (other than guarantees of Indebtedness) in the ordinary course of business; 

(12) Investments made in connection with the funding of contributions under any
non-qualified retirement plan or similar employee compensation plan, including, without limitation, split-dollar insurance policies, in an amount not to exceed the amount of compensation expense recognized by
the Parent and its Restricted Subsidiaries in connection with such plans; 
 (13) Investments received in settlement of
debts created in the ordinary course of business and owing to the Parent or any Restricted Subsidiary or in satisfaction of judgments or pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of a debtor;

 (14) any Person to the extent such Investments consist of prepaid expenses, negotiable instruments held for collection
and lease, utility, unemployment insurance, workers’ compensation, performance and other similar deposits made in the ordinary course of business by the Parent or any Restricted Subsidiary; 

(15) prepayments and other credits to suppliers made in the ordinary course of business; 

(16) endorsements of negotiable instruments and documents in the ordinary course of business; 

  
 -27- 

 (17) loans or advances or similar transactions with customers, distributors,
clients, developers, suppliers or purchasers of goods or services in the ordinary course of business; 
 (18) Investments by
any Insurance Subsidiary (including by any Subsidiary of such Insurance Subsidiary that is not itself an Insurance Subsidiary) in the ordinary course of business and consistent with the investment policy approved by the Board of Directors of such
Insurance Subsidiary or otherwise consistent with Investment guidelines approved by the applicable Insurance Regulatory Authority; 

(19) Investments by the Parent that constitute Investments that would be permitted to be made by an Insurance Subsidiary
pursuant to clause (18) of this definition of “Permitted Investments”; 
 (20) Investments of the type
described in clause (vii) of the second paragraph of the definition of “Indebtedness” in connection with Statutory Reserve Financings; 

(21) Investments by the Parent or any of its Restricted Subsidiaries, together with all other Investments pursuant to this
clause (21), in an aggregate amount at the time of such Investment not to exceed the greater of $100.0 million and 0.50% of Total Assets outstanding at any one time (with the Fair Market Value of such Investment being measured at the
time made and without giving effect to subsequent changes in value); 
 (22) Investments in Unrestricted Subsidiaries and/or
joint ventures or similar arrangements, together with all other Investments pursuant to this clause (22), in an aggregate amount at the time of such Investment not to exceed the greater of $50.0 million and 0.25% of Total Assets; and 

(23) any Investments in connection with the Transactions. 

For purposes of determining compliance with this definition, in the event that a proposed Permitted Investment (or portion thereof) meets the criteria of more
than one of the categories of Permitted Investments described in clauses (1) through (23) above, or is entitled to be made pursuant to Section 3.4, the Parent will be entitled to divide and classify (or reclassify)
such Permitted Investment (or portion thereof) in any manner that complies with this definition or Section 3.4. 

“Permitted Liens” means, with respect to any Person: 

(1) (x) pledges or deposits by such Person under workers’ compensation laws, unemployment, general insurance and other
insurance laws and old age pensions and other social security or retirement benefits or similar legislation, or good faith deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases to which such
Person is a party, or deposits to secure public or statutory or regulatory obligations of such Person or deposits of cash or United States government bonds to secure surety or appeal bonds to which such Person is a party, or good faith

  
 -28- 

 
deposits as security for contested taxes or import or customs duties or for the payment of rent, in each case Incurred in the ordinary course of business and (y) collateral consisting of
Cash Equivalents securing letters of credit issued in respect of obligations to insurers in an aggregate amount not to exceed $10.0 million at any time outstanding; 

(2) Liens imposed by law and carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and
other like Liens arising in the ordinary course of business; 
 (3) Liens for taxes, assessments or other governmental
charges or levies not yet subject to penalties for non-payment or that are being contested in good faith by appropriate proceedings provided appropriate reserves required pursuant to GAAP have been made in
respect thereof; 
 (4) Liens in favor of issuers of surety, appeal or performance bonds or letters of credit or
bankers’ acceptances or similar obligations issued pursuant to the request of and for the account of such Person in the ordinary course of its business; 

(5) minor survey exceptions, encumbrances, ground leases, easements or reservations of, or rights of others for, licenses,
rights of way, sewers, electric lines, telegraph and telephone lines and other similar purposes, or zoning, building codes or other restrictions (including, without limitation, minor defects or irregularities in title and similar encumbrances) as to
the use of real properties or Liens incidental to the conduct of the business of such Person or to the ownership of its properties that do not in the aggregate materially adversely affect the value of said properties or materially impair their use
in the operation of the business of such Person; 
 (6) Liens securing Hedging Obligations relating to Indebtedness so long
as the related Indebtedness is, and is permitted to be under this Indenture, secured by a Lien on the same property securing such Hedging Obligation; 

(7) leases, licenses, subleases and sublicenses of assets (including, without limitation, real property and intellectual
property rights) that do not materially interfere with the ordinary conduct of the business of the Parent or any of its Restricted Subsidiaries; 

(8) judgment Liens not giving rise to an Event of Default, and Liens securing appeal or surety bonds related to such judgment,
so long as any appropriate legal proceedings that may have been duly initiated for the review of such judgment have not been finally terminated or the period within which such proceedings may be initiated has not expired; 

(9) Liens for the purpose of securing the payment of all or a part of the purchase price of, or Capitalized Lease Obligations,
mortgage financings, purchase money indebtedness or other payments Incurred pursuant to Section 3.3(b)(viii) hereof to finance assets or property (other than Capital Stock or other Investments) acquired,

  
 -29- 

 
constructed, improved or leased in the ordinary course of business; provided that, in the case of this clause (9): 

(a) the aggregate principal amount of Indebtedness secured by such Liens does not exceed the cost of the assets or property
so acquired, constructed or improved, plus reasonable fees and expenses of such Person incurred in connection therewith; and 

(b) such Liens are created within 450 days of construction, acquisition or improvement of such assets or property and do not
encumber any other assets or property of the Parent or any Restricted Subsidiary other than such assets or property and assets affixed or appurtenant thereto and the proceeds thereof; 

(10) Liens that constitute banker’s Liens, rights of set-off or similar rights
and remedies as to deposit accounts or other funds maintained with a bank, depositary or other financial institution, whether arising by operation of law or pursuant to contract; 

(11) Liens arising from Uniform Commercial Code financing statement filings regarding operating leases entered into by the
Parent and its Restricted Subsidiaries in the ordinary course of business; 
 (12) Liens existing on the Issue Date; 

(13) Liens on property or shares of stock of a Person at the time such Person becomes a Restricted Subsidiary;
provided, further, that such Liens are not created, Incurred or assumed in connection with, or in contemplation of, such other Person becoming a Restricted Subsidiary; provided further, however, that any such Lien is limited to
all or part of the same property or assets (plus improvements, accessions, proceeds or dividends or distributions in respect thereof) that secured (or, under the written arrangements under which the original Lien arose, could secure), the
obligations to which such Liens relate or is in respect of property that is the security for a Permitted Lien hereunder; 

(14) Liens on property at the time the Parent or a Restricted Subsidiary acquired the property, including any acquisition by
means of a merger or consolidation with or into the Parent or any Restricted Subsidiary; provided, further, that such Liens are not created, Incurred or assumed in connection with, or in contemplation of, such acquisition; provided
further, however, that any such Lien is limited to all or part of the same property or assets (plus improvements, accessions, proceeds or dividends or distributions in respect thereof) that secured (or, under the written arrangements under which
the original Lien arose, could secure), the obligations to which such Liens relate or is in respect of property that is the security for a Permitted Lien hereunder; 

(15) Liens securing Indebtedness or other obligations of a Restricted Subsidiary owing to the Parent or another Restricted
Subsidiary; 

  
 -30- 

 (16) Liens on Capital Stock of Unrestricted Subsidiaries and Liens on property of
an Unrestricted Subsidiary at the time that it is designated as a Restricted Subsidiary; provided that such Liens were not incurred in connection with or in contemplation of such designation; 

(17) good faith deposits as security for contested taxes or contested import to customs duties; 

(18) Liens securing Refinancing Indebtedness Incurred to refinance, refund, replace, amend, extend or modify, as a whole or in
part, Indebtedness that was previously so secured pursuant to clauses (9), (12), (13), (14), (16), (18) and (37) of this definition; provided that any such Lien is limited to all or part of the same property or assets (plus
improvements, accessions, proceeds or dividends or distributions in respect thereof) that secured (or, under the written arrangements under which the original Lien arose, could secure) the indebtedness being refinanced or is in respect of property
that is the security for a Permitted Lien hereunder; 
 (19) any interest or title of a lessor under any operating lease;

 (20) Liens on specific items of inventory or other goods and proceeds of any Person securing such Person’s
obligations in respect of bankers’ acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods; 

(21) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in
connection with importation of goods; 
 (22) Liens arising out of conditional sale, title retention, consignment or similar
arrangements for the sale or purchase of goods entered into by the Parent or any of its Restricted Subsidiaries in the ordinary course of business; 

(23) Liens on funds of the Parent or any Subsidiary held in deposit accounts with third party providers of payment services
securing credit card charge-back reimbursement and similar cash management obligations of the Parent or the Subsidiaries; 

(24) Liens of a collecting bank arising in the ordinary course of business under
Section 4-208 of the Uniform Commercial Code in effect in the relevant jurisdiction covering only the items being collected upon; 

(25) Liens arising by operation of law or contract on insurance policies and the proceeds thereof to secure premiums
thereunder; 
 (26) Liens on insurance policies and proceeds of insurance policies (including rebates of premiums) securing
Indebtedness incurred pursuant to Section 3.3(b)(xii) to finance the payment of premiums on the insurance policies subject to such Liens; 

  
 -31- 

 (27) statutory, common law or contractual Liens of landlords; 

(28) customary Liens granted in favor of a trustee to secure fees and other amounts owing to such trustee under an indenture
or other agreement pursuant to which Indebtedness permitted under Section 3.3 is Incurred; 
 (29)
Liens on any cash earnest money deposit made by the Parent or any Restricted Subsidiary in connection with any letter of intent or acquisition agreement that is not prohibited by this Indenture; 

(30) Liens in favor of credit card processors granted in the ordinary course of business; 

(31) Liens arising in connection with Cash Equivalents described in clause (5) of the definition of Cash Equivalents;

 (32) Liens securing other obligations in an amount not to exceed the greater of $100.0 million and 0.50% of Total
Assets at any time outstanding; 
 (33) Liens securing cash management obligations incurred in the ordinary course of
business; 
 (34) Liens securing Indebtedness incurred pursuant to Section 3.3(b)(xiii) in an
aggregate amount not to exceed $10.0 million and customary set-off rights in favor of depositary banks; 

(35) Liens on the Capital Stock of Fidelity and Guaranty Life Insurance Company (or any successor thereto) arising pursuant to
the terms of the OM Purchase Agreement as in effect on the Issue Date; 
 (36) Liens on the assets of a Non-Guarantor Subsidiary securing Indebtedness of a Non-Guarantor Subsidiary that was permitted by the terms of this Indenture to be incurred; and 

(37) Liens securing Indebtedness Incurred pursuant to Section 3.3(b)(i). 

For purposes of determining compliance with this definition Section 3.5, in the event that a proposed Permitted Lien
(or portion thereof) meets the criteria of more than one of the categories of Permitted Liens described in clauses (1) through (37) above, the Parent will be entitled to divide and classify (or reclassify) such Permitted Lien (or portion
thereof) in any manner that complies with this definition. 
 “Permitted Transactions” means (a) mortgage-backed
security transactions in which an investor sells mortgage collateral, such as securities issued by the Government National Mortgage Association and the Federal Home Loan Mortgage Corporation, for delivery in the current month while simultaneously
contracting to repurchase “substantially the same” (as 

  
 -32- 

 
determined by the Public Securities Association and GAAP) collateral for a later settlement, (b) transactions in which an investor lends cash to a primary dealer and the primary dealer
collateralizes the borrowing of the cash with certain securities, (c) transactions in which an investor lends securities to a primary dealer and the primary dealer collateralizes the borrowing of the securities with cash collateral,
(d) transactions in which an investor makes loans of securities to a broker-dealer under an agreement requiring such loans to be continuously secured by cash collateral or United States government securities, (e) transactions structured
as, and submitted to the NAIC Security Valuation Office for approval as, Replication (Synthetic Asset) Transactions (RSAT) (provided that, to the extent that such approval is not granted in respect of any such transaction, such transaction
shall cease to constitute a Permitted Transaction 30 days following the date of such rejection, denial or non-approval) and (f) transactions in which a federal home loan mortgage bank (a
“FHLMB”) makes loans to an Insurance Subsidiary, that are sufficiently secured by appropriate assets of such Insurance Subsidiary consisting of Qualifying Collateral in accordance with the rules, regulations and guidelines of such FHLMB
for its loan programs. 
 “Person” means any individual, corporation, limited liability company, partnership, joint
venture, association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 

“Preferred Stock” means, as applied to the Capital Stock of any corporation, Capital Stock of any class or classes (however
designated) that is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person, over shares of Capital Stock of any other class of such Person. 

“Private Placement Legend” means the legend set forth in Section 2.1(d) to be placed on all Notes
issued under this Indenture except where otherwise permitted by the provisions hereof. 
 “QIB” means any “qualified
institutional buyer” (as defined in Rule 144A). 
 “Qualifying Collateral” means: (i) whole mortgage loans,
including residential first mortgage, multifamily mortgage, home equity line of credit (HELOC), second mortgage and commercial mortgage; (ii) loans secured by farmland; (iii) government and agency securities, including treasuries,
agencies, agency mortgage back security (MBS) pass-through, agency collateralized mortgage obligation (CMO) or real estate mortgage investment, real estate mortgage investment conduit (REMIC), Small Business Administration (SBA) pool certificates,
Federal Deposit Insurance Corporation (FDIC) and National Credit Union Administration (NCUA) guaranteed notes and Government National Mortgage Association (Ginnie Mae) home equity conversion mortgage (HECM); (iv)
non-agency securities, including municipal securities, private placement securities, residential mortgage-backed securities, commercial mortgage-backed securities (CMBS) and asset-backed securities secured by
HELOC/second mortgage loan collateral; and (v) cash. 

  
 -33- 

 “Quarterly Statement” means the quarterly statutory financial statement of an
Insurance Subsidiary (other than any Insurance Subsidiary that is a Foreign Subsidiary) required to be filed with the insurance commissioner (or similar authority) of its jurisdiction of organization, which statement shall be in the form required by
its jurisdiction of organization or, if no specific form is so required, in the form of financial statements permitted by such insurance commissioner (or such similar authority) to be used for filing quarterly statutory financial statements and
shall contain the type of information permitted or required by such insurance commissioner (or such similar authority) to be disclosed therein. 

“Rating Agencies” means Standard & Poor’s Ratings Group, Inc., Fitch, Inc. and Moody’s Investors Service,
Inc. or if Standard & Poor’s Ratings Group, Inc., Fitch, Inc. or Moody’s Investors Service, Inc. or any combination of the foregoing shall not make a rating on the Notes publicly available, a nationally recognized statistical
rating agency or agencies, as the case may be, selected by the Company or the Parent (as certified by a Board Resolution) which shall be substituted for Standard & Poor’s Ratings Group, Inc., Fitch, Inc. or Moody’s Investors
Service, Inc. or any combination of the foregoing, as the case may be. 
 “Rating Decline” shall be deemed to occur if on
the 60th day following the occurrence of a Change of Control (1) if Notes are then rated by three Rating Agencies, the rating of the notes by two or more of the Rating Agencies shall have been (i) withdrawn or (ii) downgraded to a
rating below an Investment Grade Rating, or (2) if the Notes are then rated by two or fewer Rating Agencies, the rating of the notes by each Rating Agency shall have been (i) withdrawn or (ii) downgraded to a rating below an
Investment Grade Rating; provided that, in each case, each such Rating Agency indicates that such withdrawal or downgrade is as a result of such Change of Control. 

“Record Date” means, with respect to any series of Notes, the “Record Date” as such term is defined in the Notes
Supplemental Indenture establishing such series of Notes. 
 “Refinance” means, in respect of any Indebtedness, to
refinance, extend, renew, refund, replace, repay, prepay, purchase, redeem, defease or retire, or to issue other Indebtedness in exchange or replacement for or to consolidate, such Indebtedness. “Refinanced” and
“Refinancing” shall have correlative meanings. 
 “Refinancing Indebtedness” means any Indebtedness that
Refinances any other Indebtedness, including any successive Refinancings, so long as: 
 (1) such Indebtedness is in an
aggregate principal amount (or if Incurred with original issue discount, an aggregate issue price) not in excess of the sum of: 
  

	 	(a)	the aggregate principal amount (or if Incurred with original issue discount, the aggregate accreted value) then outstanding of the Indebtedness being Refinanced, and 

  
 -34- 

	 	(b)	an amount necessary to pay any fees and expenses, including accrued and unpaid interest, premiums, transaction costs and defeasance costs, related to such Refinancing, 

(2) the Average Life of such Indebtedness is equal to or greater than the Average Life of the Indebtedness being Refinanced,

 (3) the Stated Maturity of such Indebtedness is no earlier than the Stated Maturity of the Indebtedness being Refinanced,
and 
 (4) if the Indebtedness being Refinanced was subordinated to the Notes or the Guarantees, the new Indebtedness shall
be subordinated to the Notes or the Guarantees, as applicable, at least to the same extent as such Indebtedness being Refinanced; 
 provided,
however, that Refinancing Indebtedness shall not include: 
 (1) Indebtedness of a Restricted Subsidiary of the Parent
that is not the Company or a Guarantor that Refinances Indebtedness of the Company or a Guarantor, or 
 (2) Indebtedness of
the Parent or a Restricted Subsidiary that Refinances Indebtedness of an Unrestricted Subsidiary. 
 “Regulation S” means
Regulation S promulgated under the Securities Act. 
 “Regulation S Global Note” means a Regulation S Temporary Global
Note or Regulation S Permanent Global Note, as appropriate. 
 “Regulation S Permanent Global Note” means a permanent
Global Note in the form of Exhibit A hereto (as such form may be modified in accordance with Section 2.2 hereof) bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of the
Depositary and registered in the name of the Depositary or its nominee, issued in a denomination equal to the outstanding principal amount of the Regulation S Temporary Global Note upon expiration of the Restricted Period. 

“Regulation S Temporary Global Note” means a temporary Global Note in the form of Exhibit A hereto (as such form may
be modified in accordance with Section 2.2 hereof) deposited with or on behalf of the Depositary and registered in the name of the Depositary or its nominee, issued in a denomination equal to the outstanding principal
amount of the Notes initially sold in reliance on Rule 903 of Regulation S. 
 “Regulation S Temporary Global Note Legend”
means the legend set forth in Section 2.1(e) hereof, which is required to be placed on all Regulation S Temporary Global Notes issued under this Indenture except where otherwise permitted by the provisions hereof. 

“Reinsurance Agreements” means any agreement, contract, treaty, certificate or other arrangement by which any Insurance
Subsidiary agrees to transfer or cede to another 

  
 -35- 

 
insurer all or part of the liability assumed or assets held by it under one or more insurance, annuity, reinsurance or retrocession policies, agreements, contracts, treaties, certificates or
similar arrangements. Reinsurance Agreements shall include, but not be limited to, any agreement, contract, treaty, certificate or other arrangement that is treated as such by the applicable Insurance Regulatory Authority. 

“Related Business” means any business that is the same as or related, ancillary or complementary to any of the businesses of
the Parent and its Restricted Subsidiaries on the Issue Date and any reasonable extension or evolution of any of the foregoing. 

“Related Party” means: 

(1) any controlling stockholder, majority owned Subsidiary, or immediate family member (in the case of an individual) of any
Permitted Holder; or 
 (2) any trust, corporation, partnership, limited liability company or other entity, the
beneficiaries, stockholders, partners, members, owners or Persons beneficially holding a majority (and controlling) interest of which consist of any one or more Permitted Holder and/or such other Persons referred to in the immediately preceding
clause (1). 
 “Restricted Definitive Note” means a Definitive Note bearing the Private Placement Legend. 

“Restricted Global Note” means a Global Note bearing the Private Placement Legend. 

“Restricted Investment” means any Investment other than a Permitted Investment. 

“Restricted Period” means the 40-day distribution compliance period as defined in
Regulation S. 
 “Restricted Subsidiary” means any Subsidiary (including the Company) of the Parent other than an
Unrestricted Subsidiary. 
 “Rule 144” means Rule 144 promulgated under the Securities Act. 

“Rule 144A” means Rule 144A promulgated under the Securities Act. 

“Rule 903” means Rule 903 promulgated under the Securities Act. 

“Rule 904” means Rule 904 promulgated under the Securities Act. 

“Sale/Leaseback Transaction” means any direct or indirect arrangement relating to property now owned or hereafter acquired
by the Parent or a Restricted Subsidiary whereby the Parent or such Restricted Subsidiary transfers such property to a Person (other than the 

  
 -36- 

 
Parent or any of its Subsidiaries) and the Parent or such Restricted Subsidiary leases it from such Person. 

“SAP” shall mean, with respect to any Insurance Subsidiary, the statutory accounting practices prescribed or permitted by
the Insurance Regulatory Authority of its jurisdiction of legal domicile, consistently applied as in effect from time to time. 

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

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated
thereunder. 
 “Significant Subsidiary” means any Restricted Subsidiary that would be a “Significant Subsidiary”
of the Parent within the meaning of Rule 1-02 under Regulation S-X promulgated by the SEC. 

“Special Purpose Subsidiary” means any Restricted Subsidiary of the Parent formed to issue Surplus Notes or other
obligations in connection with a Statutory Reserve Financing or enter into Reinsurance Agreements in connection with a Statutory Reserve Financing or enter into ancillary obligations in respect of the foregoing. 

“Stated Maturity” means, with respect to any security, the date specified in the agreement governing or certificate relating
to such security as the fixed date on which the final payment of principal of such security is due and payable, including pursuant to any mandatory redemption provision, but shall not include any contingent obligations to repay, redeem or repurchase
any such principal prior to the date originally scheduled for the payment thereof. 
 “Statutory Reserve Financing” means
a transaction or series of transactions entered into primarily for the purpose of financing a portion of the statutory reserves required to be held by an Insurance Subsidiary, where the proceeds or funding obligations provided by the financing
counterparty or counterparties in such transaction or transactions are not expected, as of the date such transaction or transactions are entered into, to be used or applied to pay insurance or reinsurance claims reasonably projected to be payable as
of the date such transaction or transactions are entered into. 
 “Subordinated Obligation” means any Indebtedness of the
Company (whether outstanding on the Issue Date or thereafter Incurred) that is subordinated or junior in right of payment to the Notes pursuant to its terms. No Indebtedness of the Company shall be deemed to be subordinated or junior in right of
payment to any other Indebtedness of the Company solely by virtue of Liens, guarantees, maturity or payments or structural subordination. 

“Subsidiary” of any Person means (1) any corporation, association or other business entity of which more than 50% of
the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by such
Person or one or more of the other Subsidiaries of that Person (or a combination thereof), or 

  
 -37- 

 
(2) any partnership (a) the sole general partner or the managing general partner of which is such Person or a Subsidiary of such Person or (b) the only general partners of which
are such Person or one or more Subsidiaries of such Person (or any combination thereof). Unless otherwise specified herein, each reference to a Subsidiary will refer to a Subsidiary of the Parent. 

“Subsidiary Guarantee” means, individually, any Guarantee by a Subsidiary Guarantor pursuant to the terms of this Indenture
and any supplemental indenture thereto, and, collectively, all such Guarantees. 
 “Subsidiary Guarantor” means each
Restricted Subsidiary in existence on the Issue Date that provides a Subsidiary Guarantee on the Issue Date (and any other Restricted Subsidiary that provides a Subsidiary Guarantee in accordance with this Indenture); provided that upon
release or discharge of such Restricted Subsidiary from its Subsidiary Guarantee in accordance with this Indenture, such Restricted Subsidiary ceases to be a Guarantor. 

“substantially concurrent” means, with respect to two or more events, the occurrence of such events within 45 days of each
other. 
 “Surplus Note” means a promissory note executed by an Insurance Subsidiary of the type generally described in
the insurance industry as a “surplus note”, the principal amount of which an insurance regulator permits the issuer to record as an addition to Capital and Surplus rather than as a liability in accordance with SAP. 

“Swap Contract” means any agreement relating to any transaction (whether or not arising under a master agreement) that is a
rate swap, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap or option, bond, note or bill option, interest rate option, futures contract, forward foreign exchange transaction, cap, collar or floor
transaction, currency swap, cross-currency rate swap, swaption, currency option, credit derivative transaction or any other similar transaction (including any option to enter into any of the foregoing) or any combination of the foregoing, and any
master agreement relating to or governing any or all of the foregoing. 
 “TIA” means the Trust Indenture Act of 1939 as
in effect on the Issue Date. 
 “Total Assets” means the total assets of the Parent and the Restricted Subsidiaries, as
shown on the most recent balance sheet of the Parent for which internal financial statements are available immediately preceding the date on which any calculation of Total Assets is being made, with such pro forma adjustments for transactions
consummated on or prior to or simultaneously with the date of the calculation as are appropriate and consistent with the pro forma adjustment provisions set forth in the definition of Debt to Total Capitalization Ratio. 

“Total Capitalization” means, without duplication, (a) the amount described in clause (a) of the definition of
“Debt to Total Capitalization Ratio” plus (b) the Total Shareholders’ Equity of the Parent. 

  
 -38- 

 “Total Shareholders’ Equity” means as to any Person the total common and
preferred shareholders’ equity of such Person as determined in accordance with GAAP (calculated excluding (i) unrealized gains (losses) on securities as determined in accordance with FASB ASC 320 (Investments—Debt and Equity
Securities) and (ii) any charges taken to write off any goodwill included on such Person’s balance sheet on the Issue Date to the extent such charges are required by FASB ASC 320 (Investments— Debt and Equity Securities) and ASC 350
(Intangibles—Goodwill and Others). 
 “Trade Payables” means, with respect to any Person, any accounts payable to
trade creditors created, assumed or Guaranteed by such Person arising in the ordinary course of business in connection with the acquisition of goods or services. 

“Transaction Expenses” means any fees or expenses incurred or paid by the Permitted Holders, the Parent, the Company or any
of their respective Subsidiaries in connection with the Transactions (including payments to officers, employees and directors as change of control payments, severance payments, special or retention bonuses and charges for repurchase or rollover of,
or modifications to, stock option, expenses in connection with hedging transactions and any original issue discount or upfront fees), the Merger Agreement, any Investment Management Agreement, the Indenture, the Loan Documents (as defined in the
Credit Facilities) and the transactions contemplated hereby and thereby. 
 “Transactions” means (i) the Acquisition,
(ii) any Incurrence of Indebtedness by the Parent, the Company or any of their respective Subsidiaries or Affiliates relating to the Acquisition and the refinancing of any existing Indebtedness of the Parent in connection with the Acquisition,
and the application of the proceeds therefrom, (iii) any restructuring transactions relating to the Acquisition, (iv) the payment of Transaction Expenses and (v) any other transactions contemplated by the Merger Agreement or entered
into in connection with or relating to the Acquisition. 
 “Trust Officer” means, when used with respect to the Trustee,
any officer within the corporate trust department of the Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions
similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and who shall,
in each case, have direct responsibility for the administration of this Indenture. 
 “Trustee” has the meaning assigned
to such term in the preamble to this Indenture. 
 “Uniform Commercial Code” means the New York Uniform Commercial Code as
in effect from time to time. 
 “Unrestricted Definitive Note” means one or more Definitive Notes that do not bear and are
not required to bear the Private Placement Legend. 

  
 -39- 

 “Unrestricted Global Note” means a permanent Global Note substantially in the
form of Exhibit A attached hereto (as such form may be modified in accordance with Section 2.2 hereof) that bears the Global Note Legend and that has the “Schedule of Exchanges of Interests in
the Global Note” attached thereto, and that is deposited with or on behalf of and registered in the name of the Depositary, representing Notes that do not bear the Private Placement Legend. 

“Unrestricted Subsidiary” means (1) any Subsidiary of the Parent that at the time of determination shall be designated
an Unrestricted Subsidiary by the Board of Directors of the Parent in the manner provided below; and (2) any Subsidiary of an Unrestricted Subsidiary. 

The Board of Directors of the Parent may designate any Subsidiary of the Parent (including any newly acquired or newly formed Subsidiary or a
Person becoming a Subsidiary through merger or consolidation or Investment therein) to be an Unrestricted Subsidiary only if: 

(1) such Subsidiary or any of its Subsidiaries does not own any Capital Stock or Indebtedness of or have any Investment in, or
own or hold any Lien on any property of, any other Subsidiary of the Parent that is not a Subsidiary of the Subsidiary to be so designated or otherwise an Unrestricted Subsidiary; 

(2) all the Indebtedness of such Subsidiary and its Subsidiaries shall, at the date of designation, and will at all times
thereafter while they are Unrestricted Subsidiaries, consist of Non-Recourse Debt; 

(3) such designation and the Investment of the Parent in such Subsidiary complies with Section 3.4;

 (4) such Subsidiary, either alone or in the aggregate with all other Unrestricted Subsidiaries, does not operate,
directly or indirectly, all or substantially all of the business of the Parent and its Subsidiaries; 
 (5) such Subsidiary
is a Person with respect to which neither the Parent nor any of its Restricted Subsidiaries has any direct or indirect obligation: 

(a) to subscribe for additional Capital Stock of such Person; or 

(b) to maintain or preserve such Person’s financial condition or to cause such Person to achieve any specified levels of
operating results; and 
 (6) on the date such Subsidiary is designated an Unrestricted Subsidiary, such Subsidiary is not a
party to any agreement, contract, arrangement or understanding with the Parent or any Restricted Subsidiary with terms substantially less favorable to the Parent than those that might have been obtained from Persons who are not Affiliates of the
Parent. 
 Any such designation by the Board of Directors of the Parent shall be evidenced to the Trustee by filing with the Trustee a
Board Resolution of the Parent giving effect to such 

  
 -40- 

 
designation and an Officer’s Certificate certifying that such designation complies with the foregoing conditions. If, at any time, any Unrestricted Subsidiary would fail to meet the
foregoing requirements as an Unrestricted Subsidiary, it shall thereafter cease to be an Unrestricted Subsidiary for purposes of this Indenture and any Indebtedness of such Subsidiary shall be deemed to be Incurred as of such date. 

The Board of Directors of the Parent may designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that
immediately after giving effect to such designation, no Default or Event of Default shall have occurred and be continuing or would occur as a consequence thereof and the Parent could Incur at least $1.00 of additional Indebtedness pursuant to
Section 3.3(a) on a pro forma basis taking into account such designation. 
 “U.S. Government
Obligations” means securities that are (1) direct obligations of the United States of America for the timely payment of which its full faith and credit is pledged or (2) obligations of a Person controlled or supervised by and
acting as an agency or instrumentality of the United States of America the timely payment of which is unconditionally guaranteed as a full faith and credit obligation of the United States of America, which, in either case, are not callable or
redeemable at the option of the issuer thereof, and shall also include a depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act), as custodian with respect to any such U.S. Government Obligations or a specific
payment of principal of or interest on any such U.S. Government Obligations held by such custodian for the account of the holder of such depositary receipt; provided that (except as required by law) such custodian is not authorized to make
any deduction from the amount payable to the Holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligations or the specific payment of principal of or interest on the U.S. Government
Obligations evidenced by such depositary receipt. 
 “U.S. Person” means a U.S. Person as defined in Rule 902(k) of
Regulation S under the Securities Act. 
 “Voting Stock” of a Person means all classes of Capital Stock of such Person
then outstanding and normally entitled to vote in the election of directors, managers or trustees, as applicable, of such Person. 

“Wholly-Owned Subsidiary” means a Restricted Subsidiary, all of the Capital Stock of which (other than directors’
qualifying shares or local ownership shares) is owned by the Parent or another Wholly Owned Subsidiary. 
 SECTION 1.2. Other
Definitions. 
  

			
	            Term	  	Defined in
Section
		
	“actual knowledge”	  	7.2(g)
	“Additional Amounts”	  	2.15
	“Additional Notes”	  	2.3

  
 -41- 

			
	            Term	  	 Defined in
Section

		
	“Affiliate Transaction”	  	3.8(a)
	“Agent Members”	  	2.1(f)
	“Asset Disposition Offer”	  	3.7(c)
	“Asset Disposition Offer Amount”	  	3.7(d)
	“Asset Disposition Offer Period”	  	3.7(d)
	“Asset Disposition Purchase Date”	  	3.7(d)
	“Bankruptcy Law”	  	6.1
	“Change of Control Offer”	  	3.9(b)
	“Change of Control Payment”	  	3.9(b)(i)
	“Change of Control Payment Date”	  	3.9(b)(ii)
	“covenant defeasance option”	  	8.1(b)
	“Custodian”	  	6.1
	“Defaulted Interest”	  	2.13
	“DTC”	  	2.1(b)
	“Event of Default”	  	6.1(a)
	“Excess Proceeds”	  	3.7(c)
	“Guarantor Obligations”	  	10.1
	“legal defeasance option”	  	8.1(b)
	Limited Condition Transaction	  	1.4
	Limited Condition Transaction Election	  	1.4
	Limited Condition Transaction Test Date	  	1.4
	“Notice of Default”	  	6.1
	“Parent Conference Call”	  	3.2(b)(1)
	“Paying Agent”	  	2.4
	“payment default”	  	6.1(a)(vi)(A)
	“Redemption Date”	  	5.4
	“Registrar”	  	2.4
	“Reinstatement Date”	  	3.11(b)
	“Restricted Payment”	  	3.4(a)(iv)
	“Special Interest Payment Date”	  	2.13(a)
	“Special Record Date”	  	2.13(a)
	“Successor Company”	  	4.1(a)(i)
	“Successor Guarantor”	  	4.2(a)(i)
	“Suspended Covenants”	  	3.11(a)
	“Suspension Period”	  	3.11(b)
	“Tax Jurisdiction”	  	2.15
	“Tax Redemption Date”	  	5.9
	“Unutilized Excess Proceeds”	  	3.7(c)

 SECTION 1.3. Rules of Construction . Unless the context otherwise requires: 

(a) a term has the meaning assigned to it; 

  
 -42- 

 (b) an accounting term not otherwise defined has the meaning assigned to it in
accordance with GAAP; 
 (c) “or” is not exclusive; 

(d) “including” means including without limitation; 

(e) words in the singular include the plural and words in the plural include the singular; 

(f) unsecured Indebtedness shall not be deemed to be subordinate or junior to secured Indebtedness merely by virtue of its
nature as unsecured Indebtedness; 
 (g) references to sections of, or rules under, the Securities Act or Exchange Act shall
be deemed to include substitute, replacement or successor sections or rules adopted by the SEC from time to time; 
 (h)
unless the context otherwise requires, any reference to an “Article,” “Section” or “clause” refers to an Article, Section or clause, as the case may be, of this Indenture; and 

(i) the words “herein,” “hereof” and “hereunder” and any other words of similar import refer to
this Indenture as a whole and not any particular Article, Section, clause or other subdivision. 
 SECTION 1.4. Financial Calculations
for Limited Condition Transactions. 
 When calculating the availability under any basket or ratio under this Indenture or determining
the absence of a Default or Event of Default as a condition to the making of any acquisition or other Permitted Investment the consummation of which is not conditioned on the availability of, or on obtaining, third party financing (each, a
“Limited Condition Transaction”) or the incurrence of Indebtedness in connection therewith, the determination of whether the relevant condition is satisfied may be made, at the irrevocable election of the Company (such election, a
“Limited Condition Transaction Election”), at the time of (and on the basis of the financial statements to be delivered pursuant to Section 3.2 for the most recently ended fiscal period for which financial
statements are available at the time of) either (x) the execution of the definitive agreement with respect to such Limited Condition Transaction or (y) the consummation of the Limited Condition Transaction, in each case, after giving
effect to the relevant Limited Condition Transaction and any related transactions (including any incurrence of Indebtedness and the use of proceeds thereof), on a pro forma basis (such date, the “Limited Condition Transaction Test
Date”). If the Company makes such a Limited Condition Transaction Election, any subsequent calculation of any such basket or ratio as a condition to consummating such transaction or the incurrence of Indebtedness in connection therewith
shall be calculated on an equivalent pro forma basis, unless the definitive agreement for such Limited Condition Transaction expires or is terminated without its consummation. Any Limited Condition Transaction Election shall be made pursuant to a
written notice from the Company delivered to the Trustee at the time of the 

  
 -43- 

 
execution of the definitive agreements with respect to the Limited Condition Transaction; provided, however, that, to the extent the Company has not delivered such written notice to
the Trustee by the time of execution of the definitive agreements with respect to such transaction, the relevant conditions required to be satisfied as a condition to consummating such transaction and/or incurring such Indebtedness will be tested at
the time of consummation of such transaction and the related incurrence of Indebtedness. 
 For the avoidance of doubt, if the Company has
made a Limited Condition Transaction Election and any of the ratios or baskets for which compliance was determined or tested as of the Limited Condition Transaction Test Date (including with respect to the incurrence of any Indebtedness) are
exceeded as a result of fluctuations in any such ratio or basket (including due to fluctuations of the target of any Limited Condition Transaction) at or prior to the consummation of the relevant transaction or action, such baskets or ratios will
not be deemed to have been exceeded as a result of such fluctuations. 
 ARTICLE II 

The Notes 
 SECTION 2.1.
Form and Dating. 
 (a) The Notes and the Trustee’s certificate of authentication shall be substantially in the form of
Exhibit A hereto (as such form may be modified in accordance with Section 2.2), the terms of which are incorporated in and made a part hereof. The Notes may have notations, legends or endorsements approved as to form
by the Company, and required by law, stock exchange rule, agreements to which the Company is subject or usage. Each Note shall be dated the date of its authentication. The Notes shall be issuable only in minimum denominations of $2,000 and integral
multiples of $1,000 in excess thereof. 
 (b) The Notes shall initially be issued in the form of one or more Global Notes and The
Depository Trust Company (“DTC”), its nominees, and their respective successors, shall act as the Depositary with respect thereto. Each Global Note (i) shall be registered in the name of the Depositary for such Global Note or
the nominee of such Depositary, (ii) shall be delivered by the Trustee to such Depositary or held by the Trustee as custodian for the Depositary pursuant to such Depositary’s instructions, and (iii) shall bear a Global Note Legend in
substantially the following form: 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A
NEW YORK CORPORATION (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED

  
 -44- 

 
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 INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY
OR A SUCCESSOR DEPOSITARY. THIS NOTE IS NOT EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS NOTE (OTHER
THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A
NOMINEE OF SUCH SUCCESSOR DEPOSITARY) MAY BE REGISTERED EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 (c) Temporary
Global Notes. Notes offered and sold in reliance on Regulation S will be issued initially in the form of a Regulation S Temporary Global Note, which will be deposited on behalf of the purchasers of the Notes represented thereby with the Trustee,
as custodian for the Depositary, and registered in the name of the Depositary or the nominee of the Depositary for the accounts of designated agents holding on behalf of Euroclear or Clearstream, duly executed by the Company and authenticated by the
Trustee as hereinafter provided. Following the termination of the Restricted Period, beneficial interests in such Regulation S Temporary Global Note will be exchanged for beneficial interests in the Regulation S Permanent Global Note pursuant to the
Applicable Procedures. The Company shall deliver to the Trustee an Authentication Order for the authentication of the Permanent Regulation S Global Note, a Permanent Regulation S Global Note, an Offices’ Certificate, and an Opinion of Counsel.
Simultaneously with the authentication of such Regulation S Permanent Global Note, the Trustee will cancel the Regulation S Temporary Global Note. The aggregate principal amount of the Regulation S Temporary Global Note and a Regulation S Permanent
Global Note may from time to time be increased or decreased by adjustments made on the records of the Trustee and the Depositary or its nominee, as the case may be, in connection with transfers of interests therein as hereinafter provided. 

The provisions of the “Operating Procedures of the Euroclear System” and “Terms and Conditions Governing Use of
Euroclear” and the “General Terms and Conditions of Clearstream Banking” and “Customer Handbook” of Clearstream will be applicable to transfers of beneficial interests in a Regulation S Temporary Global Note and a Regulation
S Permanent Global Note that are held by Participants through Euroclear or Clearstream. 
 (d) Except as permitted by
Section 2.7(i)(B), any Note not registered under the Securities Act shall bear the following Private Placement Legend on the face thereof: 

  
 -45- 

 THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE
ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS
PURCHASED SECURITIES, TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) THAT IS [IN THE CASE OF RULE 144A NOTES: ONE YEAR AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF,
THE ORIGINAL ISSUE DATE OF THE ISSUANCE OF ANY ADDITIONAL NOTES AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY),] [IN THE CASE OF REGULATION S NOTES: 40 DAYS
AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF, THE ORIGINAL ISSUE DATE OF THE ISSUANCE OF ANY ADDITIONAL NOTES AND THE DATE ON WHICH THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY) WAS FIRST OFFERED TO PERSONS OTHER THAN DISTRIBUTORS (AS
DEFINED IN 208 RULE 902 OF REGULATION S) IN RELIANCE ON REGULATION S], ONLY (A) TO THE COMPANY OR ANY SUBSIDIARY THEREOF, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO
LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE. 
 PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO A PERSON IT
REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES TO NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT, (E) TO AN INSTITUTIONAL
“ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AND THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER INSTITUTIONAL
ACCREDITED INVESTOR, IN EACH CASE IN A MINIMUM PRINCIPAL AMOUNT OF SECURITIES OR (F) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE COMPANY’S AND THE TRUSTEE’S RIGHT
PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (D), (E) OR (F) TO REQUIRE THE DELIVERY OF AN OPINION OF 

  
 -46- 

 
COUNSEL, CERTIFICATION AND/ OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE. [IN THE
CASE OF REGULATION S NOTES: BY ITS ACQUISITION HEREOF, THE HOLDER HEREOF REPRESENTS THAT IT IS NOT A U.S. PERSON NOR IS IT PURCHASING FOR THE ACCOUNT OF A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH
REGULATION S UNDER THE SECURITIES ACT.] 
 BY ITS ACQUISITION OF THIS SECURITY, THE HOLDER THEREOF WILL BE DEEMED TO HAVE REPRESENTED AND
WARRANTED THAT EITHER (1) NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS SECURITY CONSTITUTES THE ASSETS OF AN EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
AS AMENDED (“ERISA”), OF A PLAN, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) OR PROVISIONS UNDER ANY OTHER FEDERAL, STATE,
LOCAL, NON-U.S. OR OTHER LAWS OR REGULATIONS THAT ARE SIMILAR TO SUCH PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAWS”), OR OF AN ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED TO INCLUDE “PLAN
ASSETS” (WITHIN THE MEANING OF 29 C.F.R. SEC 2510.3-101 AS MODIFIED BY SECTION 3(42) OF ERISA) OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT, OR (2) THE ACQUISITION AND HOLDING OF THIS SECURITY WILL
NOT CONSTITUTE A NON- EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A SIMILAR VIOLATION UNDER ANY APPLICABLE SIMILAR LAWS. 

(e) Each Regulation S Temporary Global Note shall bear the following Regulation S Temporary Global Note Legend on the face thereof: 

THE RIGHTS ATTACHING TO THIS REGULATION S TEMPORARY GLOBAL NOTE, AND THE CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR DEFINITIVE
NOTES, ARE AS SPECIFIED IN THE INDENTURE (AS DEFINED HEREIN). 
 Members of, or participants in, the Depositary (“Agent
Members”) shall have no rights under this Indenture with respect to any Global Note held on their behalf by the Depositary, or the Trustee as its custodian and the Depositary may be treated by the Company, the Trustee and any agent of the
Company or the Trustee as the absolute owner of the Global Note for all purposes whatsoever, including but not limited to notices and payments. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the
Company or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary practices governing the exercise
of the rights of a 

  
 -47- 

 
Holder of any Note. Any notice to be delivered to DTC (including, but not limited to, a notice of redemption) may be delivered electronically by the Trustee or the Company in accordance with the
Applicable Procedures. 
 SECTION 2.2. Issuable in Series. The Notes may be issued from time to time in one or more series. Except
as provided in Section 9.2, all Notes will vote (or consent) as a single class with the other Notes and otherwise be treated as Notes for all purposes of this Indenture. 

The following matters shall be established with respect to each series of Notes issued hereunder in a Notes Supplemental Indenture: 

(1) the title of the Notes of the series (which title shall distinguish the Notes of the series from all other series of
Notes); 
 (2) any limit (if any) upon the aggregate principal amount of the Notes of the series that may be authenticated
and delivered under this Indenture (which limit shall not pertain to Notes authenticated and delivered upon registration of, transfer of, or in exchange for, or in lieu of, other Notes of the series pursuant to Section 2.7,
2.8, 2.11, 3.7, 3.9 or 5.8); 
 (3) the date or dates on which the principal of and
premium, if any, on the Notes of the series is payable or the method of determination and/or extension of such date or dates, and the amount or amounts of such principal and premium, if any, payments and methods of determination thereof; 

(4) the rate or rates at which the Notes of the series shall bear interest, if any, or the method of calculating and/or
resetting such rate or rates of interest, the date or dates from which such interest shall accrue or the method by which such date or dates shall be determined, and the Interest Payment Dates on which any such interest shall be payable; 

(5) the period or periods within which, the price or prices at which, and other terms and conditions upon which Notes of the
series (i) may be redeemed, in whole or in part, at the option of the Company, if the Company is to have the option or (ii) shall be redeemed, in whole or in part, upon the occurrence of specified events, if the Notes shall be subject to a
mandatory redemption provision; 
 (6) if other than the principal amount thereof, the portion of the principal amount of
Notes of the series that shall be payable upon declaration of acceleration of maturity thereof pursuant to Section 6.2 or the method by which such portion shall be determined; 

(7) any addition to or change in the Events of Default which apply to any Notes of the series and any change in the right of
the Trustee or the requisite Holders of 

  
 -48- 

 
such Notes to declare the principal amount thereof due and payable pursuant to Section 6.2; and 

(8) any addition to or change in the covenants set forth in Article III. 

The form of the Notes of such series, as set forth in Exhibit A, may be modified to reflect such matters as so established in such Notes Supplemental
Indenture. 
 Such matters may also be established in a Notes Supplemental Indenture for any Additional Notes issued hereunder that are to
be of the same series as any Notes previously issued hereunder. Notes that have the same terms described in the foregoing clauses (1) though (8) will be treated as the same series, unless otherwise designated by the Company. 

For the avoidance of doubt, the Company, the Guarantors and the Trustee may enter into the Note Supplemental Indenture on the Issue Date
without notice to or the consent of any Holder to provide for the issuance of the Initial Notes. 
 SECTION 2.3. Form of Execution and
Authentication. An Officer shall sign the Notes for the Company by manual or facsimile signature. 
 If an Officer whose signature is
on a Note no longer holds that office at the time the Note is authenticated, the Note shall nevertheless be valid. 
 A Note shall not be
valid until authenticated by the manual signature of the Trustee. The signature of the Trustee shall be conclusive evidence that the Note has been authenticated under this Indenture. 

The Trustee shall authenticate (i) Initial Notes for original issue on the Issue Date in an aggregate principal amount of $550,000,000
and (ii) subject to the Company’s compliance with Section 3.3, one or more series of Notes (“Additional Notes”)(which may be of the same series as any Notes previously issued hereunder, or a
different series), for original issue after the Issue Date (such Notes to be substantially in the form of Exhibit A as such form may be modified in accordance with Section 2.2) in an unlimited
amount, in each case upon receipt of a written order of the Company (an “Authentication Order”). In addition, each such Authentication Order shall specify the amount of Notes to be authenticated, the date on which the Notes are to
be authenticated, whether the securities are to be Initial Notes or Additional Notes and the aggregate principal amount of Notes outstanding on the date of authentication, and shall further specify the amount of such Notes to be issued as Global
Notes or Definitive Notes. Such Notes shall initially be in the form of one or more Global Notes, which (i) shall represent, and shall be denominated in an amount equal to the aggregate principal amount of, the Notes to be issued or
(ii) shall be registered in the name of the Depositary or its nominee. 
 The Trustee may appoint an authenticating agent acceptable
to the Company to authenticate Notes. Unless limited by the terms of such appointment, an authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to

  
 -49- 

 
authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with the Company or any Affiliate of the Company. 

SECTION 2.4. Registrar and Paying Agent. The Company shall maintain (i) an office or agency where Notes may be presented for
registration of transfer or for exchange (including any co-registrar, the “Registrar”) and (ii) an office or agency where Notes may be presented for payment (“Paying
Agent”). The Registrar shall keep a register of the Notes and of their transfer and exchange. The Company may appoint one or more co-registrars and one or more additional paying agents. The term
“Paying Agent” includes any additional paying agent. The Company may change any Paying Agent, Registrar or co-registrar without prior notice to any Holder of a Note. The Company shall notify the
Trustee in writing and the Trustee shall notify the Holders of the Notes of the name and address of any Agent not a party to this Indenture. The Company or any of its domestically incorporated Wholly-Owned Subsidiaries may act as Paying Agent,
Registrar or co-registrar. The Company shall enter into an appropriate agency agreement with any Agent not a party to this Indenture. The agreement shall implement the provisions hereof that relate to such
Agent. The Company shall notify the Trustee in writing of the name and address of any such Agent. If the Company fails to maintain a Registrar or Paying Agent, or fails to give the foregoing notice, the Trustee shall act as such, and shall be
entitled to appropriate compensation in accordance with Section 7.6. 
 The Company initially appoints the
Trustee as Registrar and Paying Agent and to act as Notes Custodian with respect to the Notes. 
 SECTION 2.5. Paying Agent to Hold
Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders of the Notes or the Trustee all money held by the Paying Agent for
the payment of principal of, premium, if any, and interest on the Notes, and shall notify the Trustee in writing of any Default by the Company in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to
pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by such Paying Agent to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its
domestically incorporated Wholly-Owned Subsidiaries) shall have no further liability for the money delivered to the Trustee. If the Company or any of its domestically incorporated Wholly-Owned Subsidiaries acts as Paying Agent, it shall segregate
and hold in a separate trust fund for the benefit of the Holders of the Notes all money held by it as Paying Agent. 
 SECTION 2.6.
Lists of Holders of the Notes. The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of Holders of the Notes. If the Trustee is not the Registrar, the
Company shall furnish to the Trustee at least seven Business Days before each Interest Payment Date and at such other times as the Trustee may request in writing a list in such form and as of such date as the Trustee may reasonably require of the
names and addresses of Holders of the Notes, including the aggregate principal amount of the Notes held by each thereof. 

  
 -50- 

 SECTION 2.7. Transfer and Exchange. 

(a) Transfer and Exchange of Global Notes. A Global Note may not be transferred as a whole except by the Depositary to a
nominee of the Depositary, by a nominee of the Depositary to the Depositary or to another nominee of the Depositary, or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. Global Notes will be
exchanged by the Company for Definitive Notes, subject to any applicable laws, only (i) if the Company delivers to the Trustee notice from the Depositary that (A) the Depositary is unwilling or unable to continue to act as Depositary for
the Global Notes or (B) the Depositary is no longer a clearing agency registered under the Exchange Act and, in either case, the Company fails to appoint a successor Depositary within 90 days after the date of such notice from the Depositary or
(ii) if there shall have occurred and be continuing an Event of Default with respect to the Notes and the Depositary so requests. In any such case, the Company will notify the Trustee in writing that, upon surrender by the Participants and
Indirect Participants of their interests in such Global Note, certificated Notes will be issued to each Person that such Participants, Indirect Participants and DTC jointly identify as being the beneficial owner of the related Notes; provided
that in no event shall the Regulation S Temporary Global Note be exchanged by the Company for Definitive Notes prior to (A) the expiration of the Restricted Period with respect thereto and (B) the receipt by the Registrar of any
certificates required pursuant to Rule 903(b)(3)(ii)(B) under the Securities Act. Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.8 and 2.11. Every Note authenticated and delivered in
exchange for, or in lieu of, a Global Note or any portion thereof, pursuant to this Section 2.7 or Sections 2.8 or 2.11 hereof, shall be authenticated and delivered in the form of, and shall be, a Global Note.
A Global Note may not be exchanged for another Note other than as provided in this Section 2.7. However, beneficial interests in a Global Note may be transferred and exchanged as provided in paragraph (b) or (c) below.

 (b) Transfer and Exchange of Beneficial Interests in the Global Notes. The transfer and exchange of beneficial interests in the
Global Notes shall be effected through the Depositary, in accordance with the provisions hereof and the Applicable Procedures. Beneficial interests in the Restricted Global Notes shall be subject to restrictions on transfer comparable to those set
forth in this Indenture to the extent required by the Securities Act. Transfers of beneficial interests in the Global Notes also shall require compliance with the applicable subparagraphs below. 

(i) Transfer of Beneficial Interests in the Same Global Note. Beneficial interests in any Restricted Global Note may be
transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Note in accordance with the transfer restrictions set forth in the Private Placement Legend; provided, however, that prior to
the expiration of the Restricted Period with respect thereto, transfers of beneficial interests in a Regulation S Temporary Global Note may not be made to a U.S. Person or for the account or benefit of a U.S. Person (other than an Initial
Purchaser). Beneficial interests in any Unrestricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note. No written orders or instructions shall be required to be

  
 -51- 

 
delivered to the Registrar to effect the transfers described in this subparagraph (i) unless specifically stated above. 

(ii) All Other Transfers and Exchanges of Beneficial Interests in Global Notes. In connection with all transfers and
exchanges of beneficial interests that are not subject to Section 2.7(b)(i) above, the transferor of such beneficial interest must deliver to the Registrar either: 

(a) (1) a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable Procedures
directing the Depositary to credit or cause to be credited a beneficial interest in another Global Note in an amount equal to the beneficial interest to be transferred or exchanged; and 

(2) instructions given in accordance with the Applicable Procedures containing information regarding the Participant account to be credited
with such increase; or 
 (b) (1) a written order from a Participant or an Indirect Participant given to the Depositary in accordance with
the Applicable Procedures directing the Depositary to cause to be issued a Definitive Note in an amount equal to the beneficial interest to be transferred or exchanged; and 

(2) instructions given by the Depositary to the Registrar containing information regarding the Person in whose name such Definitive Note
shall be registered to effect the transfer or exchange referred to in (1) above; 
 provided that in no event shall Definitive
Notes be issued upon the transfer or exchange of beneficial interests in a Regulation S Temporary Global Note prior to (A) the expiration of the Restricted Period with respect thereto and (B) the receipt by the Registrar of any
certificates required pursuant to Rule 903 under the Securities Act. 
 Upon satisfaction of all of the requirements for
transfer or exchange of beneficial interests in Global Notes contained in this Indenture and the Notes or otherwise applicable under the Securities Act, the Trustee shall adjust the principal amount of the relevant Global Note(s) pursuant to
Section 2.7(k) hereof. 
 (iii) Transfer of Beneficial Interests to Another Restricted Global
Note. A beneficial interest in any Restricted Global Note may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Note if the transfer complies with the requirements of
subparagraph (ii) above and the Registrar receives the following: 

  
 -52- 

 (A) if the transferee will take delivery in the form of a beneficial interest in
a 144A Global Note, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (1) thereof; 

(B) if the transferee will take delivery in the form of a beneficial interest in the Regulation S Temporary Global Note or a
Regulation S Permanent Global Note, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof; or 

(C) if the transferee will take delivery in the form of a beneficial interest in an IAI Global Note, then the transferor must
deliver a certificate in the form of Exhibit B hereto, including the certifications, certificates and Opinion of Counsel required by item (3)(c) thereof. 

(iv) Transfer and Exchange of Beneficial Interests in a Restricted Global Note for Beneficial Interests in an Unrestricted
Global Note. A beneficial interest in any Restricted Global Note may be exchanged by any Holder thereof for a beneficial interest in an Unrestricted Global Note or transferred to a Person who takes delivery thereof in the form of a beneficial
interest in an Unrestricted Global Note if the exchange or transfer complies with the requirements of Section 2.7(b)(ii) above and: 

(A) such transfer is effected pursuant to an effective registration statement under the Securities Act; or 

(B) the Registrar receives the following: 

(A) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a beneficial
interest in an Unrestricted Global Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (1)(a) thereof; or 

(B) if the holder of such beneficial interest in a Restricted Global Note proposes to transfer such beneficial interest to a Person who shall
take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

and, in each such case set forth in this subparagraph (B), if the Company so requests or if the Applicable Procedures so require, an opinion
of counsel in form reasonably acceptable to the Company to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer
required in order to maintain compliance with the Securities Act. 
 If any such transfer is effected pursuant to subparagraph (A) or
(B) above at a time when an Unrestricted Global Note has not yet been issued, the Company shall issue and, upon 

  
 -53- 

 
receipt of an Authentication Order in accordance with Section 2.3 hereof, the Trustee shall authenticate one or more Unrestricted Global Notes in an aggregate principal
amount equal to the aggregate principal amount of beneficial interests exchanged or transferred pursuant to subparagraph (A) or (B) above. 

Beneficial interests in an Unrestricted Global Note cannot be exchanged for, or transferred to Persons who take delivery thereof in the form
of, a beneficial interest in a Restricted Global Note. 
 (c) Transfer and Exchange of Beneficial Interests for Definitive Notes.

     (i) Transfer and Exchange of Beneficial Interests in Restricted Global Notes for Restricted Definitive
Notes. Subject to Section 2.7(a), if any holder of a beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a Restricted Definitive Note or to transfer such beneficial interest
to a Person who takes delivery thereof in the form of a Restricted Definitive Note, then upon receipt by the Registrar of the following documentation: 

(A) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a
Restricted Definitive Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (2)(a) thereof; 

(B) if such beneficial interest is being transferred to a QIB in accordance with Rule 144A, a certificate to the effect
set forth in Exhibit B hereto, including the certifications in item (1) thereof; 
 (C) if such beneficial
interest is being transferred to a Non-U.S. Person in an offshore transaction in accordance with Rule 903 or Rule 904, a certificate to the effect set forth in Exhibit B hereto, including the
certifications in item (2) thereof; 
 (D) if such beneficial interest is being transferred to an Institutional
Accredited Investor in reliance on an exemption from the registration requirements of the Securities Act other than those listed in subparagraphs (B) through (C) above, a certificate to the effect set forth in Exhibit B hereto, including
the certifications, certificates and Opinion of Counsel required by item (3)(c) thereof; or 
 (E) if such beneficial
interest is being transferred pursuant to an exemption from the registration requirements of the Securities Act in accordance with Rule 144, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item
(3)(a) thereof, 
 the Trustee shall cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to paragraph
(k) below, and the Company shall execute and, upon receipt of an Authentication Order the Trustee shall authenticate and deliver to the Person 

  
 -54- 

 
designated in the certificate a Restricted Definitive Note in the appropriate principal amount. Any Restricted Definitive Note issued in exchange for a beneficial interest in a Restricted Global
Note pursuant to this paragraph (c) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions from the Depositary
and the Participant or Indirect Participant. The Trustee shall deliver such Restricted Definitive Notes to the Persons in whose names such Notes are so registered. Any Restricted Definitive Note issued in exchange for a beneficial interest in a
Restricted Global Note pursuant to this subparagraph (i) shall bear the Private Placement Legend and shall be subject to all restrictions on transfer contained therein. 

Notwithstanding Section 2.7(c)(i)(A) and (C) above, a beneficial interest in a Regulation S Temporary Global Note may
not be exchanged for a Definitive Note or transferred to a Person who takes delivery thereof in the form of a Definitive Note prior to (A) the expiration of the Restricted Period with respect thereto and (B) the receipt by the Registrar of
any certificates required pursuant to Rule 903(b)(3)(ii)(B) under the Securities Act, except in the case of a transfer pursuant to an exemption from the registration requirements of the Securities Act other than Rule 903 or Rule 904. 

    (ii) Transfer and Exchange of Beneficial Interests in Restricted Global Notes for Unrestricted
Definitive Notes. Subject to Section 2.7(a), a holder of a beneficial interest in a Restricted Global Note may exchange such beneficial interest for an Unrestricted Definitive Note or may transfer such beneficial
interest to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note only if: 
 (A) such
transfer is effected pursuant to an effective registration statement under the Securities Act; or 
 (B) the Registrar
receives the following: 
 (i) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange
such beneficial interest for an Unrestricted Definitive Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (1)(b) thereof; or 

(ii) if the holder of such beneficial interest in a Restricted Global Note proposes to transfer such beneficial interest to a
Person who shall take delivery thereof in the form of an Unrestricted Definitive Note, a certificate from such holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

and, in each such case set forth in this subparagraph (B), if the Company so requests or if the Applicable Procedures so require, an opinion
of counsel in form reasonably acceptable to the Company to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the

  
 -55- 

 
Private Placement Legend are no longer required in order to maintain compliance with the Securities Act. 

    (iii) Transfer and Exchange of Beneficial Interests in Unrestricted Global Notes for Unrestricted Definitive
Notes. Subject to Section 2.7(a), if any holder of a beneficial interest in an Unrestricted Global Note proposes to exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a
Person who takes delivery thereof in the form of a Definitive Note, then, upon satisfaction of the conditions set forth in subparagraph (b)(ii) above, the Trustee shall cause the aggregate principal amount of the applicable Global Note to be reduced
accordingly pursuant to paragraph (k) below, and the Company shall execute and, upon receipt of an Authentication Order the Trustee shall authenticate and deliver to the Person designated in the certificate a Definitive Note in the appropriate
principal amount. Any Definitive Note issued in exchange for a beneficial interest pursuant to this subparagraph (c)(iii) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial
interest shall instruct the Registrar through instructions from the Depositary and the Participant or Indirect Participant. The Trustee shall deliver such Definitive Notes to the Persons in whose names such Notes are so registered. Any Definitive
Note issued in exchange for a beneficial interest pursuant to this subparagraph (c)(iii) shall not bear the Private Placement Legend. 

(d) Transfer and Exchange of Definitive Notes for Beneficial Interests. 

    (i) Transfer and Exchange of Restricted Definitive Notes for Beneficial Interests in Restricted Global
Notes. If any Holder of a Restricted Definitive Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note or to transfer such Restricted Definitive Notes to a Person who takes delivery thereof in the form
of a beneficial interest in a Restricted Global Note, then, upon receipt by the Registrar of the following documentation: 

(A) if the Holder of such Restricted Definitive Note proposes to exchange such Note for a beneficial interest in a Restricted
Global Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (2)(b) thereof; 

(B) if such Restricted Definitive Note is being transferred to a QIB in accordance with Rule 144A, a certificate to the
effect set forth in Exhibit B hereto, including the certifications in item (1) thereof; 
 (C) if such
Restricted Definitive Note is being transferred to a Non-U.S. Person in an offshore transaction in accordance with Rule 903 or Rule 904, a certificate to the effect set forth in Exhibit B hereto,
including the certifications in item (2) thereof; 
 (D) if such Restricted Definitive Note is being transferred to an
Institutional Accredited Investor in reliance on an exemption from the registration 

  
 -56- 

 
requirements of the Securities Act other than those listed in subparagraphs (B) through (C) above, a certificate to the effect set forth in Exhibit B hereto, including the
certifications, certificates and Opinion of Counsel required by item (3)(c) thereof; or 
 (E) if such Restricted
Definitive Note is being transferred pursuant to an exemption from the registration requirements of the Securities Act in accordance with Rule 144, a certificate to the effect set forth in Exhibit B hereto, including the certifications in
item (3)(a) thereof, 
 the Trustee shall cancel the Restricted Definitive Note, increase or cause to be increased the aggregate principal amount of, in the
case of clause (A) above, the appropriate Restricted Global Note, in the case of clause (B) above, the 144A Global Note, in the case of clause (C) above, the Regulation S Global Note, and in the case of clause (D) above, the IAI
Global Note. 
     (ii) Transfer and Exchange of Restricted Definitive Notes for Beneficial Interests in
Unrestricted Global Notes. A Holder of a Restricted Definitive Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Restricted Definitive Note to a Person who takes delivery thereof in the form of
a beneficial interest in an Unrestricted Global Note only if the Registrar receives the following: 
 (a) if the Holder of
such Definitive Notes proposes to exchange such Notes for a beneficial interest in an Unrestricted Global Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(c) thereof; or 

(b) if the Holder of such Definitive Notes proposes to transfer such Notes to a Person who shall take delivery thereof in the
form of a beneficial interest in an Unrestricted Global Note, a certificate from such Holder in the form of Exhibit B hereto, including the applicable certifications in item (4) thereof; 

and, in each such case set forth in this Section 2.7(d)(ii), if the Company so requests or if the Applicable
Procedures so require, an opinion of counsel in form reasonably acceptable to the Company to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained in this Indenture and in
the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act. 
 Upon satisfaction of the
conditions of any of the subparagraphs in this subparagraph (d)(ii), the Trustee shall cancel the Definitive Notes and increase or cause to be increased the aggregate principal amount of the Unrestricted Global Note. 

(e) Transfer and Exchange of Unrestricted Definitive Notes for Beneficial Interests in Unrestricted Global Notes. A Holder of an
Unrestricted Definitive Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Unrestricted Definitive Notes to a Person who takes delivery thereof in the form of a beneficial

  
 -57- 

 
interest in an Unrestricted Global Note at any time. Upon receipt of a request for such an exchange or transfer, the Trustee shall cancel the applicable Unrestricted Definitive Note and increase
or cause to be increased the aggregate principal amount of one of the Unrestricted Global Notes. 
 If any such exchange or transfer from
an Unrestricted Definitive Note or a Restricted Definitive Note, as the case may be, to a beneficial interest is effected pursuant to subparagraph (ii)(B), (ii)(D) or (iii) above at a time when an Unrestricted Global Note has not yet been
issued, the Company shall issue and, upon receipt of an Authentication Order in accordance with Section 2.3, the Trustee shall authenticate one or more Unrestricted Global Notes in an aggregate principal amount equal to the
principal amount of Unrestricted Definitive Notes or Restricted Definitive Notes, as the case may be, so transferred. 
 (f) Transfer
and Exchange of Definitive Notes for Definitive Notes. Upon request by a Holder of Definitive Notes and such Holder’s compliance with the provisions of this paragraph (f), the Registrar shall register the transfer or exchange of Definitive
Notes. Prior to such registration of transfer or exchange, the requesting Holder shall present or surrender to the Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar
duly executed by such Holder or its attorney, duly authorized in writing. In addition, the requesting Holder shall provide any additional certifications, documents and information, as applicable, required pursuant to the following provisions of this
paragraph (f). 
 (g) Transfer of Restricted Definitive Notes to Restricted Definitive Notes. (i) Any Restricted Definitive
Note may be transferred to and registered in the name of Persons who take delivery thereof in the form of a Restricted Definitive Note if the Registrar receives the following: 

(A) if the transfer will be made pursuant to Rule 144A, then the transferor must deliver a certificate in the form of
Exhibit B hereto, including the certifications in item (1) thereof; 
 (B) if the transfer will be made
pursuant to Rule 903 or Rule 904, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof; 

(C) if the transfer will be made to an Institutional Accredited Investor in reliance on an exemption from the registration
requirements of the Securities Act other than those listed in subparagraphs (A) through (B) above, a certificate to the effect set forth in Exhibit B hereto, including the certifications, certificates and Opinion of Counsel required by
item (3)(c) thereof; or 
 (D) if the transfer will be made pursuant to any other exemption from the registration
requirements of the Securities Act, then the transferor must deliver a certificate in the form of Exhibit B hereto, including, if the Company so 

  
 -58- 

 
requests, a certification or opinion of counsel in form reasonably acceptable to the Company to the effect that such transfer is in compliance with the Securities Act. 

(ii) Transfer and Exchange of Restricted Definitive Notes for Unrestricted Definitive Notes. Any Restricted Definitive
Note may be exchanged by the Holder thereof for an Unrestricted Definitive Note or transferred to a Person or Persons who take delivery thereof in the form of an Unrestricted Definitive Note if: 

(A) any such transfer is effected pursuant to an effective registration statement under the Securities Act; or 

(B) the Registrar receives the following: 

(A) if the Holder of such Restricted Definitive Notes proposes to exchange such Notes for an Unrestricted Definitive Note, a certificate from
such Holder in the form of Exhibit C hereto, including the certifications in item (1)(d) thereof; or 
 (B) if the Holder of such
Restricted Definitive Notes proposes to transfer such Notes to a Person who shall take delivery thereof in the form of an Unrestricted Definitive Note, a certificate from such Holder in the form of Exhibit B hereto, including the
certifications in item (4) thereof; 
 and, in each such case set forth in this subparagraph (B), if the Company so requests, an
opinion of counsel in form reasonably acceptable to the Company to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no
longer required in order to maintain compliance with the Securities Act. 
 (h) Transfer of Unrestricted Definitive Notes to
Unrestricted Definitive Notes. A Holder of Unrestricted Definitive Notes may transfer such Notes to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note. Upon receipt of a request to register such a transfer, the
Registrar shall register the Unrestricted Definitive Notes pursuant to the instructions from the Holder thereof. 
 (i) Private
Placement Legend. 
 (A) Except as permitted by subparagraph (B) below, each Global Note (other than an Unrestricted Global Note)
and each Definitive Note (and all Notes issued in exchange therefor or substitution thereof) shall bear the Private Placement Legend. 

(B) Notwithstanding the foregoing, any Global Note or Definitive Note issued pursuant to subparagraph (b)(iv), (c)(ii), (c)(iii), (d)(ii),
(e) or (g)(ii) of this Section 2.7 (and all Notes issued in exchange therefor or substitution thereof) shall not bear the Private Placement Legend. 

  
 -59- 

 (j) Global Note Legend. Each Global Note shall bear the Global Note Legend. 

(k) Cancellation and/or Adjustment of Global Notes. At such time as all beneficial interests in a particular Global Note have been
exchanged for Definitive Notes or a particular Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global Note shall be returned to or retained and canceled by the Trustee in accordance with
Section 2.12 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in
another Global Note or for Definitive Notes, the principal amount of Notes represented by such Global Note shall be reduced accordingly and an endorsement shall be made on such Global Note by the Trustee or by the Depositary at the direction of the
Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such other Global Note shall be increased
accordingly and an endorsement shall be made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase. 

(l) General Provisions Relating to Transfers and Exchanges. 

    (i) To permit registrations of transfers and exchanges, the Company shall execute and the Trustee shall authenticate
Global Notes and Definitive Notes upon receipt of an Authentication Order. 
     (ii) No service charge shall be made
to a holder of a beneficial interest in a Global Note or to a Holder of a Definitive Note for any registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge
payable in connection therewith (other than any such transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections 2.3, 2.11, 3.7, 3.9 and 5.8). 

    (iii) Neither the Registrar nor the Trustee shall be required to register the transfer of or exchange any Note
selected for redemption in whole or in part, except for the unredeemed portion of any Note being redeemed in part. 

    (iv) All Global Notes and Definitive Notes issued upon any registration of transfer or exchange of Global Notes or
Definitive Notes shall be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits hereof, as the Global Notes or Definitive Notes surrendered upon such registration of transfer or exchange. 

    (v) Neither the Trustee, the Registrar nor the Company shall be required (A) to issue, to register the transfer
of or to exchange any Notes during a period beginning at the opening of business on a Business Day 15 days before the mailing of a notice of redemption of Notes and ending at the close of business on the day of such mailing or (B) to register
the 

  
 -60- 

 
transfer of or to exchange any Note so selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part. 

(vi) Prior to due presentment for the registration of a transfer of any Note, the Trustee, any Agent and the Company may deem and treat the
Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Notes and for all other purposes, and none of the Trustee, any Agent or the Company shall be
affected by notice to the contrary. 
 (vii) The Trustee shall authenticate Global Notes and Definitive Notes in accordance with the
provisions of Section 2.3. 
 (viii) All certifications, certificates and Opinions of Counsel required to be
submitted to the Registrar pursuant to this Section 2.7 to effect a registration of transfer or exchange may be submitted by facsimile or electronically. 

(ix) The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed
under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Participants or Indirect Participants) other than to require delivery of such certificates and other
documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. 

(x) Neither the Trustee nor any Agent shall have any responsibility for any actions taken or not taken by the Depositary. 

(xi) The Trustee shall have no responsibility or obligation to any Participant or Indirect Participant or any other Person with respect to
the accuracy of the books or records, or the acts or omissions, of the Depositary or its nominee or of any participant or member thereof, with respect to any ownership interest in the Notes or with respect to the delivery to any Participant or
Indirect Participant or other Person (other than the Depositary) of any notice (including any notice of redemption) or the payment of any amount, under or with respect to such Notes. All notices and communications to be given to the Holders and all
payments to be made to Holders under the Notes shall be given or made only to or upon the order of the registered Holders (which shall be the Depositary or its nominee in the case of a Global Note). The rights of beneficial owners in any Global Note
shall be exercised only through the Depositary subject to the customary procedures of the Depositary. The Trustee may rely and shall be fully protected in relying upon information furnished by the Depositary with respect to its Participants or
Indirect Participants. 
 (xii) The transferor of any Note shall provide or cause to be provided to the Trustee all information necessary
to allow the Trustee to comply with any applicable tax reporting obligations, including without limitation any cost basis reporting obligations under Section 

  
 -61- 

 
6045 of the Code. The Trustee may rely on the information provided to it and shall have no responsibility to verify or ensure the accuracy of such information. 

(xiii) In connection with any proposed transfer of Definitive Notes, there shall be provided to the Trustee all information reasonably
requested by the Trustee to allow the Trustee to comply with any applicable tax reporting obligations, including without limitation any cost basis reporting obligations under Section 6045 of the Code. The Trustee may rely on the information
provided to it and shall have no responsibility to verify or ensure the accuracy of such information. 
 SECTION 2.8. Replacement
Notes. 
 If any mutilated Note is surrendered to the Trustee, or the Company and the Trustee receive evidence to their satisfaction of
the destruction, loss or theft of any Note, the Company shall issue and the Trustee, upon receipt of an Authentication Order, shall authenticate a replacement Note if the Trustee’s requirements for replacements of Notes are met. The Holder must
supply indemnity or security sufficient in the judgment of the Trustee and the Company to protect the Company, the Trustee, any Agent or any authenticating agent from any loss which any of them may suffer if a Note is replaced. The Company and the
Trustee may charge for their fees and expenses in replacing a Note including amounts to cover any tax, assessment, fee or other governmental charge that may be imposed in relation thereto. 

Every replacement Note is an obligation of the Company and shall be entitled to all of the benefits of this Indenture equally and
proportionately with all other Notes duly issued here under. 
 SECTION 2.9. Outstanding Notes. 

The Notes outstanding at any time are all the Notes authenticated by the Trustee except for those canceled by it, those delivered to it for
cancellation and those described in this Section 2.9 as not outstanding. 
 If a Note is replaced pursuant to
Section 2.8, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Note is held by a protected purchaser. 

If the principal amount of any Note is considered paid under Section 3.1 hereof, it shall cease to be outstanding
and interest on it shall cease to accrue. 
 Subject to Section 2.10, a Note does not cease to be outstanding
because the Company, a Subsidiary of the Company or an Affiliate of the Company holds the Note. 
 SECTION 2.10. Treasury Notes. In
determining whether the Holders of the required principal amount of Notes have concurred in any direction, waiver or consent, Notes owned by the Company, any Subsidiary of the Company or any Affiliate of the Company shall be considered as though not
outstanding, except that for purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes which 

  
 -62- 

 
a Trust Officer actually knows to be so owned shall be so considered. Notwithstanding the foregoing, Notes that are to be acquired by the Company, any Subsidiary of the Company or an Affiliate of
the Company pursuant to an exchange offer, tender offer or other agreement shall not be deemed to be owned by the Company, a Subsidiary of the Company or an Affiliate of the Company until legal title to such Notes passes to the Company, such
Subsidiary or such Affiliate, as the case may be. Upon request of the Trustee, the Company shall furnish to the Trustee promptly an Officer’s Certificate listing and identifying all Notes, if any known by the Company to be owned or held by or
for the account of any of the Company or any Affiliate of the Company, and the Trustee shall be entitled to accept and rely upon such Officer’s Certificate as conclusive evidence of the facts therein set forth and of the fact that all Notes not
listed therein are outstanding for the purpose of any determination. 
 SECTION 2.11. Temporary Notes. Until Definitive Notes are
ready for delivery, the Company may prepare and, upon receipt of an Authentication Order the Trustee shall authenticate temporary Notes. Temporary Notes shall be substantially in the form of Definitive Notes but may have variations that the Company
and the Trustee consider appropriate for temporary Notes. Without unreasonable delay, the Company shall prepare and the Trustee, upon receipt of an Authentication Order, shall authenticate definitive Notes in exchange for temporary Notes. Until such
exchange, temporary Notes shall be entitled to the same rights, benefits and privileges as Definitive Notes. 
 SECTION 2.12.
Cancellation. The Company at any time may deliver Notes to the Trustee for cancellation. The Registrar and Paying Agent shall forward to the Trustee any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee
shall cancel all Notes surrendered for registration of transfer, exchange, payment, replacement or cancellation and shall dispose of all canceled Notes in its customary manner (subject to the record retention requirements of the Exchange Act). The
Company may not issue new Notes to replace Notes that it has redeemed or paid or that have been delivered to the Trustee for cancellation. 

SECTION 2.13. Payment of Interest; Defaulted Interest. Unless otherwise specified for Notes of any series in the applicable Notes
Supplemental Indenture, as contemplated by Section 2.2, interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note
(or one or more predecessor Notes) is registered at the close of business on the regular Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 2.4. 

Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period
of 30 days shall forthwith cease to be payable to the Holder on the regular Record Date by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by such Notes
(such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Company, at its election in each case, as provided in clause (a) or (b) below:

  
 -63- 

 (a) The Company may elect to make payment of any Defaulted Interest to the
Persons in whose names such Notes (or their respective predecessor Notes) are registered at the close of business on a Special Record Date (as defined below) for the payment of such Defaulted Interest, which shall be fixed in the following manner.
The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Note and the date (not less than 30 days after such notice unless a shorter period shall be acceptable to the Trustee) of the proposed
payment (the “Special Interest Payment Date”), and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make
arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided.
Thereupon the Company shall fix a record date (the “Special Record Date”) for the payment of such Defaulted Interest, which shall be not more than 15 days and not less than 10 days prior to the Special Interest Payment Date and not
less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Company shall promptly notify the Trustee, in writing, of such Special Record Date and shall, or at the written request and in the name and at the expense
of the Company, the Trustee shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date and Special Interest Payment Date therefor to be given in the manner provided for in
Section 11.1, not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date and Special Interest Payment Date therefor having been so given,
such Defaulted Interest shall be paid on the Special Interest Payment Date to the Persons in whose names such Notes (or their respective Predecessor Notes) are registered at the close of business on such Special Record Date and shall no longer be
payable pursuant to the following clause (b). 
 (b) The Company may make payment of any Defaulted
Interest in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Notes may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee
of the proposed payment pursuant to this clause (b), such manner of payment shall be deemed practicable by the Trustee. 
 Subject
to the foregoing provisions of this Section, each Note delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Note shall carry the rights to interest accrued and unpaid, and to accrue, which were
carried by such other Note. 
 SECTION 2.14. CUSIP and ISIN Numbers. The Company in issuing the Notes may use “CUSIP” and
“ISIN” numbers (if then generally in use). The Trustee shall not be responsible for the use of CUSIP and ISIN numbers, and the Trustee makes no representation as to their correctness as printed on any Note or notice to Holders. The Company
shall promptly notify the Trustee in writing of any change in the CUSIP and ISIN numbers. 

  
 -64- 

 SECTION 2.15. Additional Amounts. All payments made by or on behalf of a Foreign
Guarantor under or with respect to the Notes or its Guarantee will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required
by law. If any deduction or withholding for, or on account of, any Taxes imposed or levied by or on behalf of any jurisdiction in which any Foreign Guarantor is then incorporated, organized, engaged in business or resident for tax purposes, or any
political subdivision or governmental authority thereof or therein having power to tax or any jurisdiction from or through which payment is made, excluding the United States and any political subdivision thereof (each, a “Tax
Jurisdiction”), will at any time be required to be made from any payments made by or on behalf of any Foreign Guarantor with respect to any Guarantee, including, without limitation, payments of principal, redemption price, purchase price,
interest or premium, the Foreign Guarantor will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received in respect of such payments (including Additional Amounts) after such
withholding, deduction will equal the respective amounts that would have been received in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts will be payable with
respect to: 
 (a) any Taxes that would not have been imposed but for the Holder or beneficial owner of the Notes being a citizen, resident
or national of, incorporated in or carrying on a business in the relevant Tax Jurisdiction in which such Taxes are imposed, or having any other present or former connection with the relevant Tax Jurisdiction in which such Taxes are imposed other
than by the mere acquisition or holding of any note or the enforcement or receipt of payment under or in respect of any note or any Guarantee; 

(b) any Taxes imposed or withheld as a result of the failure of the Holder or beneficial owner of the Notes to comply with any reasonable
written request, made to that Holder in writing at least 30 days before any such withholding or deduction would be payable, by any Foreign Guarantors to provide timely or accurate information concerning the nationality, residence or identity of such
Holder or to make any valid or timely declaration or similar claim or satisfy any certification, information or other reporting requirements (to the extent such Holder or beneficial owner is legally eligible to do so), which is required or imposed
by a statute, treaty, regulation or administrative practice of the relevant Tax Jurisdiction as a precondition to exemption from, or reduction in the rate of deduction or withholding of, such Taxes; 

(c) any Taxes that are imposed or withheld as a result of the presentation of any note for payment (where Notes are in the form of definitive
Notes and presentation is required) more than 30 days after the relevant payment is first made available for payment to the Holder (except to the extent that the Holder would have been entitled to Additional Amounts had the note been presented on
the last day of such 30 day period); 
 (d) any estate, inheritance, gift, sale, transfer, use, personal property tax or similar tax or
assessment; 

  
 -65- 

 (e) any Tax which is payable otherwise than by deduction or withholding from payments made under
or with respect to the Notes or any Guarantee; 
 (f) any Tax that was imposed with respect to any payment on a Note to any Holder who is a
fiduciary partnership, limited liability company or any person other than the sole beneficial owner of such payment, to the extent that a beneficiary or settlor with respect to such fiduciary, a member of such a partnership or limited liability
company or the beneficial owner of such payment would not have been entitled to the Additional Amounts had such beneficiary, settlor, member or beneficial owner been the actual Holder of such Note; 

(g) any Taxes that are imposed or withheld pursuant to Sections 1471 through 1474 of the Code, as of the issue date (or any amended or
successor version of such sections), any regulations promulgated thereunder, any official interpretations thereof, any similar law or regulation adopted pursuant to an intergovernmental agreement between a
non-U.S. jurisdiction and the United States with respect to the foregoing or any agreements entered into pursuant to Section 1471(b)(1) of the Code; or 

(h) any combination of items (a) through (g) above. 

In addition to the foregoing, any Foreign Guarantor will pay and indemnify the Holder for any present or future stamp, issue, registration, transfer, court or
documentary taxes, or any other excise or property taxes, charges or similar levies or Taxes levied by any jurisdiction on the execution, delivery, registration or enforcement of any of the Notes, any Guarantee (other than on or in connection with a
transfer of the Notes other than the initial sale by the Initial Purchaser) or any other document or instrument referred to therein, or the receipt of any payments with respect thereto. 

If any Foreign Guarantor becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or
any Guarantee, the relevant Foreign Guarantor will deliver to the trustee on a date at least 30 days prior to the date of payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case
the relevant Foreign Guarantor shall notify the trustee promptly thereafter) an officers’ certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The officers’ certificate must also
set forth any other information reasonably necessary to enable the paying agent to pay Additional Amounts on the relevant payment date. The trustee shall be entitled to rely solely on such officers’ certificate as conclusive proof that such
payments are necessary. The relevant Foreign Guarantor will provide the trustee with documentation reasonably satisfactory to the trustee evidencing the payment of Additional Amounts. 

The relevant Foreign Guarantor will make all withholdings and deductions required by law and will remit the full amount deducted or withheld to the relevant
Tax authority in accordance with applicable law. The relevant Foreign Guarantor will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The relevant Foreign
Guarantor will furnish to the Holders, within 60 days after the date the 

  
 -66- 

 
payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Foreign Guarantor or if, notwithstanding such entity’s efforts to obtain
receipts, receipts are not obtained, other evidence of payments by such entity. 
 Whenever the Indenture or this “Description of Notes” mentions
the payment of amounts based on the principal amount, interest of any other amount payable under, or with respect to, any of the notes, such mention shall be deemed to include the payment of Additional Amounts to the extent that, in such context,
Additional Amounts are, were or would be payable in respect thereof. 
 The above obligation will survive any termination, defeasance or discharge of the
Indenture, any transfer by a Holder of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to any Foreign Guarantor is then incorporated, organized, engaged in business or resident for tax purposes or any
jurisdiction from or through which such person makes any payment on the Notes (or any Guarantee) and any political subdivision or taxing authority or agency thereof or therein having the power to tax. 

ARTICLE III 
 Covenants

 SECTION 3.1. Payment of Notes. The Company shall promptly pay, or cause to be paid, the principal of, premium, if any, and
interest on the Notes on the dates and in the manner provided in the Notes and in this Indenture. Principal, premium, if any, and interest shall be considered paid on the date due if on such date the Trustee or the Paying Agent holds in accordance
with this Indenture money sufficient to pay all principal, premium, if any, and interest then due and the Trustee or the Paying Agent, as the case may be, is not prohibited from paying such money to the Holders on that date pursuant to the terms of
this Indenture. 
 The Company shall pay interest on overdue principal at the rate specified therefor in the Notes. 

Notwithstanding anything to the contrary contained in this Indenture, the Company may, to the extent it is required to do so by law, deduct
or withhold income or other similar taxes imposed by the United States of America from principal or interest payments hereunder. 
 SECTION
3.2. Reports. 
 (a) So long as any notes are outstanding, the Parent will furnish to the Holders and the Trustee: 

(1) (A) within 90 days after the end of each fiscal year of the Parent, beginning with the first fiscal year ending after the
Issue Date, annual audited financial 

  
 -67- 

 
statements for such fiscal year, including a “Management’s Discussion and Analysis of Financial Condition and Results of Operations” with respect to the periods presented prepared
in accordance with GAAP and a report on the annual financial statements by the Parent’s independent registered accounting firm and (B) with respect to any Insurance Subsidiary (other than any Insurance Subsidiary that is a Foreign
Subsidiary (except, for so long as it is a Material Subsidiary, F&G Re)), within 5 days following the date such form is filed with the Insurance Regulatory Authority of such Insurance Subsidiary’s jurisdiction of legal domicile, the audited
Annual Statement of such Insurance Subsidiary that is not itself a Subsidiary of an Insurance Subsidiary as of the end of such fiscal year and for the fiscal year then ended, in the form filed with such Insurance Regulatory Authority; 

(2) (A) within 45 days after the end of each of the first three fiscal quarters of each fiscal year of the Parent, beginning
with the fiscal quarter ending after the Issue Date, unaudited financial statements for the interim period as of, and for the period ending on, the end of such quarter, including a “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” with respect to the periods presented prepared in accordance with GAAP and (B) with respect to any Insurance Subsidiary (other than any Insurance Subsidiary that is a Foreign Subsidiary), beginning with
the first fiscal quarter of such Insurance Subsidiary ending after the Issue Date, within 5 days following the date such form is filed with the Insurance Regulatory Authority of such Insurance Subsidiary’s jurisdiction of legal domicile, a
Quarterly Statement of such Insurance Subsidiary that is not itself a Subsidiary of an Insurance Subsidiary as of the end of such fiscal quarter and for the fiscal quarter then ended, in the form filed with such Insurance Regulatory Authority; and

 (3) within five days of the time period specified for filing current reports on Form
8-K by the SEC, current reports containing information substantially similar to the information that would be required to be filed in a Current Report on Form 8-K under
the Exchange Act on the Issue Date pursuant to Sections 1 and 4, Items 2.01, 2.03, 5.01, 5.02(a)(1) (with respect to independent directors only), 5.02(b) (with respect to officers and independent directors only), 5.02(c)(1) and (3), 5.02 (d)(1 ),
(2), (3) and (4) (in each case, with respect to independent directors only) and 5.03(b) of Form 8-K (but excluding, for the avoidance of doubt, financial statements and exhibits that would be required pursuant
to Item 9.01 of Form 8-K, other than financial statements and pro forma financial information required pursuant to clauses (a) and (b) of Item 9.01 of Form 8-K (in
each case relating to transactions required to be reported pursuant to Item 2.01 of Form 8-K) to the extent available (as determined in Good Faith by the Parent)) if the Company had been a reporting company
under the Exchange Act; provided, however, that no such current report will be required to be furnished if the Parent determines in its good faith judgment that such event is not material to Holders or the business, assets, operations,
financial position or prospects of the Parent and its Restricted Subsidiaries, taken as a whole, or if the Parent determines in its good faith judgment that such disclosure would otherwise cause material competitive harm to the business, assets,
operations, financial position or prospects of the Parent and its Restricted Subsidiaries, 

  
 -68- 

 
taken as a whole; provided, that such nondisclosure shall be limited only to those specific provisions that would cause material competitive harm and not the occurrence of the event
itself. 
 Notwithstanding the foregoing, (a) the Parent will not be required to furnish any information, certificates or reports
required by (i) Section 302, Section 404 or Section 906 of the Sarbanes-Oxley Act of 2002, or related Items 307 or 308 of Regulation S-K, (ii) Regulation G or Item 10(e) of Regulation S-K promulgated by the SEC with respect to any non-generally accepted accounting principles financial measures contained therein, (iii) Rule 3-09 of Regulation S-X or (iv) Rule 3-05 of Regulation S-X, (b) such reports will not
be required to contain the separate financial information for Guarantors or Subsidiaries whose securities are pledged to secure the Notes contemplated by Rule 3-10 or Rule
3-16 of Regulation S-X, and (c) such reports shall not be required to present compensation or beneficial ownership information. 

If the Parent has designated any of its Subsidiaries as Unrestricted Subsidiaries and such Unrestricted Subsidiaries, either individually or
collectively, would otherwise have been a Significant Subsidiary, then the quarterly and annual financial information required by the preceding paragraph shall include a summary presentation, in the footnotes to the financial statements, of the
financial condition and results of operations of the Parent and its Restricted Subsidiaries. 
 In addition, the Company and the Guarantors
have agreed that they will make available to the Holders and to prospective investors, upon the request of such Holders, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act to the extent such Notes
constitute “restricted securities” within the meaning of the Securities Act. 
 The Parent shall maintain a website to which all
of the reports and press releases required by this Section 3.2 are posted and made available to Holders, prospective investors that certify that they are qualified institutional buyers (or
Non-U.S. Persons or Institutional Accredited Investors that are eligible to purchase the Notes), securities analysts and market makers (unless such reports are otherwise filed with the SEC). 

Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such
shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to
rely exclusively on Officer’s Certificates). 
 The Trustee shall have no obligation whatsoever to determine whether or not such
information, documents or reports have been posted on the Parent’s website. 
 (b) So long as any Notes are outstanding, the Parent
will also use its reasonable best efforts to: 
 (1) within 15 Business Days after providing the annual and quarterly
information required pursuant to Section 3.2(a) (or such earlier time as the Parent 

  
 -69- 

 
determines), hold a conference call (the “Parent Conference Call”) to discuss the results of operations for the relevant reporting period; and 

(2) issue a press release to an internationally recognized wire service no fewer than three Business Days prior to the
proposed date of the Parent Conference Call, announcing the time and date of the Parent Conference Call and either including all information necessary to access the call or directing Holders, prospective investors that certify that they are
qualified institutional buyers (or Non-U.S. Persons or Institutional Accredited Investors that are eligible to purchase the Notes), securities analysts and market makers to contact the appropriate person at
the Company to obtain such information. The Parent Conference Call may be part of or separate from any earnings or similar conference call of the Parent or any direct or indirect parent company of the Parent as long as such call otherwise meets the
requirements of the foregoing clause (1) and this clause (2). 
 Notwithstanding the time periods set forth above, the
Parent Conference Call may be held following any similar financial reporting call of any direct or indirect parent of the Parent discussing the Parent’s results of operations; provided that the failure of such parent to a hold such a
call shall not relieve the Parent of its obligation to use reasonable best efforts to hold a Parent Conference Call during the relevant reporting period (it being understood such a call and provision of a related press release may occur after the
time periods set forth above). 
 (c) In addition, if at any time any direct or indirect parent company of the Parent has filed reports
containing the information described above with the SEC (including, to the extent applicable, a reconciliation or narrative description of any material differences between the financial information of such direct or indirect parent and the financial
information of the Parent), the reports, information and other documents required to be furnished to Holders pursuant to this Section 3.2 may, at the option of the Parent, be furnished by and be those of such parent rather
than the Parent and this covenant shall be deemed satisfied by the filing of such reports with the SEC. 
 (d) Any and all Defaults or
Events of Default arising from a failure to furnish or file in a timely manner a report required by this Section 3.2 shall be deemed cured (and the Parent shall be deemed to be in compliance with this
Section 3.2) upon furnishing or filing such report or certification as contemplated by this Section 3.2 (but without regard to the date on which such report or certification is so furnished or
filed); provided that such cure shall not otherwise affect the rights of the holders described pursuant to Section 6.1 hereof hereunder if the principal, premium, if any, and accrued interest have been accelerated in
accordance with the terms of this Indenture and such acceleration has not been rescinded or cancelled prior to such cure. 
 SECTION 3.3.
Limitation on Indebtedness. 
 (a) The Parent will not, and will not permit any of its Restricted Subsidiaries to, directly or
indirectly, Incur any Indebtedness (including Acquired Indebtedness); provided, 

  
 -70- 

 
however, that the Company and any Guarantor may Incur Indebtedness (including Acquired Indebtedness) if the Debt to Total Capitalization Ratio as of the last day of the Parent’s for the most
recently ended fiscal quarter for which internal financial statements are available immediately preceding the date on which such additional Indebtedness is Incurred is equal to or less than 35% determined on a pro forma basis (including a pro forma
application of the net proceeds therefrom), as if the additional Indebtedness had been Incurred and the application of proceeds therefrom had occurred as of the last day of such fiscal quarter 

(b) The provisions of Section 3.3(a) shall not apply to the Incurrence of the following Indebtedness: 

(i) Indebtedness of the Parent or any Restricted Subsidiary pursuant to Credit Facilities (including the issuance and creation
of letters of credit and bankers’ acceptances thereunder) up to an aggregate principal amount outstanding at the time of Incurrence that does not exceed the greater of $300.0 million and 1.25% of Total Assets; 

(ii) Indebtedness of the Company evidenced by the Notes (other than Additional Notes) and Indebtedness of Guarantors evidenced
by the Guarantees relating to the Notes (other than Additional Notes); 
 (iii) Guarantees by (x) the Company or a
Guarantor (including any Restricted Subsidiary the Parent elects to cause to become a Guarantor in connection therewith) of Indebtedness permitted to be Incurred by the Parent or a Restricted Subsidiary in accordance with the provisions of this
Indenture; provided that if such Indebtedness is by its express terms subordinated in right of payment to the Notes or the Guarantee of such Restricted Subsidiary, as applicable, any such guarantee of such Guarantor with respect to such
Indebtedness shall be subordinated in right of payment to such Guarantor’s Guarantee with respect to the Notes substantially to the same extent as such Indebtedness is subordinated to the Notes or the Guarantee of such Restricted Subsidiary, as
applicable and (y) Non-Guarantor Subsidiaries of Indebtedness Incurred by the Parent or any Restricted Subsidiary in accordance with the provisions of this Indenture; 

(iv) Indebtedness of the Parent owing to and held by any Restricted Subsidiary or Indebtedness of a Restricted Subsidiary
owing to and held by the Parent or any other Restricted Subsidiary; provided, however, 
 (A) if the Company
is the obligor on Indebtedness owing to a Non-Guarantor Subsidiary, such Indebtedness is expressly subordinated to the prior payment in full in cash of all obligations with respect to the Notes; 

(B) if a Guarantor is the obligor on such Indebtedness and a Non-Guarantor Subsidiary
is the obligee, such Indebtedness is subordinated in right of payment to the Guarantees of such Guarantor; and 
 (C) (1)
any subsequent issuance or transfer of Capital Stock or any other event that results in any such Indebtedness being beneficially held by a 

  
 -71- 

 
Person other than the Parent or a Restricted Subsidiary of the Parent; and (2) any subsequent sale or other transfer of any such Indebtedness to a Person other than the Parent or a
Restricted Subsidiary of the Parent; shall be deemed, in each case, to constitute an Incurrence of such Indebtedness by the Company or such Subsidiary, as the case may be; 

(v) any Indebtedness (other than the Indebtedness described in clauses (i) and (ii)) outstanding on the Issue Date, and
any Refinancing Indebtedness Incurred at any time in respect of any Indebtedness described under clause (ii), this clause (v) or clauses (vi) or (xviii) or Incurred pursuant to Section 3.3(a); 

(vi) Indebtedness (i) of the Issuer or any of the Guarantors Incurred to finance an acquisition of any assets (including
Capital Stock), business or Person not to exceed the greater of $100.0 million and 0.50% of Total Assets at any one time outstanding, plus unlimited additional Indebtedness if the Debt to Total Capitalization Ratio as of the last day of the
Parent’s most recently ended fiscal quarter for which internal financial statements are available that immediately precedes the date of such acquisition, merger or consolidation calculated immediately after giving effect to such acquisition,
merger or consolidation on a pro forma basis, is not greater than such ratio immediately prior to such acquisition, merger or consolidation; and (ii) of Persons Incurred and outstanding on the date on which such Person became a
Restricted Subsidiary or was acquired by, or merged or consolidated with or into, the Parent or any Restricted Subsidiary (other than Indebtedness Incurred in connection with, or in contemplation of, such acquisition, merger or consolidation),
provided that, either (i) the only obligors with respect to such Indebtedness shall be those Persons who were obligors of such Indebtedness prior to such acquisition, merger or consolidation or (ii) the Debt to Total Capitalization
Ratio as of the last day of the Parent’s most recently ended fiscal quarter for which internal financial statements are available that immediately precedes the date of such acquisition, merger or consolidation, calculated immediately after
giving effect to such acquisition, merger or consolidation, on a pro forma basis, is not greater than such ratio immediately prior to such acquisition, merger or consolidation; 

(vii) Indebtedness under Hedging Obligations; provided, however, that such Hedging Obligations are entered into
to fix, manage or hedge interest rate or currency exposure of the Parent or any Restricted Subsidiary and not for speculative purposes; 

(viii) the incurrence by the Company or any Restricted Subsidiary of Indebtedness (including Capitalized Lease Obligations,
mortgage financings or purchase money obligations), incurred for the purpose of financing or reimbursing all or any part of the purchase price or cost of the acquisition, development, construction, purchase, lease, repair, addition or improvement of
property (real or personal), plant, equipment or other fixed or capital assets that are used or useful in a Related Business, whether through the direct purchase of assets or the purchase of Equity Interests of any Person owning such assets (in each
case, incurred within 450 days of such acquisition, development, construction, purchase, lease, repair, addition or improvement) and all Indebtedness 

  
 -72- 

 
incurred to refund, refinance or replace any such Indebtedness, in an aggregate principal amount which, when taken together with the principal amount of all other Indebtedness Incurred pursuant
to this clause (viii), will not exceed the greater of $25.0 million and 0.125% of Total Assets at any one time outstanding; 

(ix) Indebtedness Incurred by the Parent or its Restricted Subsidiaries in respect of workers’ compensation claims,
health, disability or other employee benefits or property, casualty or liability insurance, self-insurance obligations, performance, bid, surety, appeal and similar bonds and completion Guarantees (not for borrowed money) or security deposits,
letters of credit, banker’s guarantees or banker’s acceptances, in each case in the ordinary course of business (including letters of credit issued in connection with reinsurance transactions entered into in the ordinary course of
business); 
 (x) Indebtedness arising from agreements of the Parent or a Restricted Subsidiary providing for
indemnification, adjustment of purchase price, earn-outs or similar obligations, in each case, Incurred or assumed in connection with the acquisition or disposition of any business or assets of the Parent or any business, assets or Capital Stock of
a Subsidiary, other than Guarantees of Indebtedness Incurred by any Person acquiring all or any portion of such business, assets or Capital Stock for the purpose of financing such acquisition; 

(xi) Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument,
including, but not limited to, electronic transfers, wire transfers and commercial card payments drawn against insufficient funds in the ordinary course of business (except in the form of committed or uncommitted lines of credit); provided,
however, that such Indebtedness is extinguished within ten Business Days of Incurrence; 
 (xii) Indebtedness
Incurred by the Parent or any Restricted Subsidiary in connection with third party insurance premium financing arrangements; 

(xiii) Indebtedness owed to banks and other financial institutions Incurred in the ordinary course of business of the Parent
and its Restricted Subsidiaries with such banks or financial institutions that arise in connection with ordinary banking arrangements to provide treasury services or to manage cash balances of the Parent and its Restricted Subsidiaries; 

(xiv) guarantees to suppliers or licensors (other than guarantees of Indebtedness) in the ordinary course of business; 

(xv) Indebtedness of the Parent or any Restricted Subsidiary to the extent that the Net Proceeds thereof are promptly
deposited to defease the Notes in accordance with Article VIII; 

  
 -73- 

 (xvi) Indebtedness in connection with Permitted Transactions entered into by
Insurance Subsidiaries or by the Parent or the Company in connection with Investments permitted by clause (18) of the definition of “Permitted Investment”; 

(xvii) Non-Recourse Debt of Insurance Subsidiaries incurred in the ordinary course of
business resulting from the sale or securitization of non-admitted assets, policy loans, CBOs and CMOs; 

(xviii) Any Contribution Debt; 

(xix) Indebtedness of Non-Guarantor Subsidiaries in an aggregate outstanding principal
amount which, when taken together with the principal amount of all other Indebtedness Incurred pursuant to this clause (xix) and then outstanding, will not exceed the greater of $50.0 million and 0.25% of Total Assets
at any one time outstanding; 
 (xx) Indebtedness of the Company or any Restricted Subsidiary in an aggregate principal
amount not greater than the aggregate amount of Restricted Payments which could be made at the time of such Incurrence pursuant to clause (iv) of Section 3.4(a), or clauses (xi) or (xix) of
Section 3.4(b); and any Refinancing Indebtedness with respect thereto; provided that the Incurrence of Indebtedness in reliance on amounts available for making Restricted Payments pursuant to any of the foregoing
clauses in Section 3.4 shall reduce the amount available under any such applicable clause by an amount equal to the outstanding principal amount of such Indebtedness; and 

(xxi) in addition to the items referred to in clauses (i) through (xx) above, Indebtedness of the
Parent and its Restricted Subsidiaries in an aggregate outstanding principal amount which, when taken together with the principal amount of all other Indebtedness Incurred pursuant to this clause (xxi) and then outstanding, will not
exceed the greater of $100.0 million and 0.50% of Total Assets at any one time outstanding. 
 (c) For purposes of determining
compliance with, and the outstanding principal amount of any particular Indebtedness Incurred pursuant to and in compliance with, this Section 3.3: 

(i) in the event that Indebtedness meets the criteria of more than one of the types of Indebtedness described in
Section 3.3(b) or could be Incurred pursuant to Section 3.3(a), the Parent, in its sole discretion, may divide and classify such item of Indebtedness (or any portion thereof) on the date of
Incurrence and may later reclassify such item of Indebtedness (or any portion thereof) in any manner that complies with this Section 3.3 and only be required to include the amount and type of such Indebtedness once; 

(ii) Guarantees of, or obligations in respect of letters of credit or banker’s acceptances related thereto relating to,
Indebtedness that is otherwise included in the determination of a particular amount of Indebtedness shall not be included; 

  
 -74- 

 (iii) the principal amount of any Disqualified Stock of the Parent or a
Restricted Subsidiary, or Preferred Stock of a Restricted Subsidiary that is not the Company or a Guarantor, will be equal to the greater of the maximum mandatory redemption or repurchase price (not including, in either case, any redemption or
repurchase premium) or the liquidation preference thereof; 
 (iv) Indebtedness permitted by this
Section 3.3 need not be permitted solely by reference to one provision permitting such Indebtedness but may be permitted in part by one such provision and in part by one or more other provisions of this
Section 3.3 permitting such Indebtedness; and 
 (v) the amount of Indebtedness issued at a price
that is less than the principal amount thereof shall be equal to the amount of the liability in respect thereof determined in accordance with GAAP. 

Accrual of interest, accrual of dividends, the accretion of accreted value or the amortization of debt discount, the payment of interest in the form of
additional Indebtedness and the payment of dividends in the form of additional shares of Preferred Stock or Disqualified Stock shall not be deemed to be an Incurrence of Indebtedness for purposes of this Section 3.3. The
amount of any Indebtedness outstanding as of any date shall be (i) the accreted value thereof in the case of any Indebtedness issued with original issue discount or the aggregate principal amount outstanding in the case of Indebtedness issued
with interest payable-in-kind, (ii) the principal amount or liquidation preference thereof, together with any interest thereon that is more than 30 days past due,
in the case of any other Indebtedness, (iii) in the case of the guarantee by a specified Person of Indebtedness of another Person, the maximum liability to which the specified Person may be subject upon the occurrence of the contingency giving
rise to the obligation and (iv) in the case of Indebtedness of others guaranteed solely by means of a Lien on any asset or property of the Parent or any Restricted Subsidiary (and not to their other assets or properties generally), the lesser
of (x) the Fair Market Value of such asset or property on the date on which such Indebtedness is Incurred and (y) the amount of the Indebtedness so secured. 

(d) For purposes of determining compliance with any U.S. dollar-denominated restriction on the Incurrence of Indebtedness, the U.S.
dollar-equivalent principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness was Incurred, in the case of term Indebtedness, or first
committed, in the case of revolving credit Indebtedness; provided that if such Indebtedness is Incurred to Refinance other Indebtedness denominated in a foreign currency, and such Refinancing would cause the applicable U.S. dollar-denominated
restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such U.S. dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such
Refinancing Indebtedness does not exceed the principal amount of such Indebtedness being Refinanced plus the amount of any reasonable premium (including reasonable tender premiums), defeasance costs and any reasonable fees and expenses incurred in
connection with the issuance of such new Indebtedness. Notwithstanding any other provision of this Section 3.3, the maximum amount of Indebtedness that may be Incurred 

  
 -75- 

 
pursuant to this Section 3.3 shall not be deemed to be exceeded solely as a result of fluctuations in the exchange rate of currencies. The principal amount of any
Indebtedness Incurred to Refinance other Indebtedness, if Incurred in a different currency from the Indebtedness being Refinanced, shall be calculated based on the currency exchange rate applicable to the currencies in which such Refinancing
Indebtedness is denominated that is in effect on the date of such Refinancing. 
 SECTION 3.4. Limitation on Restricted Payments.

 (a) Unless the Debt to Total Capitalization Ratio as of the last day of the Parent’s most recently ended fiscal quarter for which
internal financial statements are available that immediately precedes the date of any Restricted Payment, calculated immediately after giving effect to such Restricted Payment on a pro forma basis, is equal to or less than 20.0%, the Parent shall
not, and shall not permit any of its Restricted Subsidiaries, directly or indirectly, to: 
 (i) declare or pay any dividend
or make any distribution (whether made in cash, securities or other property) on or in respect of its Capital Stock (including any payment in connection with any merger or consolidation involving the Parent or any of its Restricted Subsidiaries)
other than: 
 (A) dividends or distributions payable solely in Capital Stock of the Parent (other than Disqualified Stock)
or in options, warrants or other rights to purchase such Capital Stock of the Parent; and 
 (B) dividends or distributions
by a Restricted Subsidiary payable to the Parent or another Restricted Subsidiary (and if such Restricted Subsidiary is not a Wholly Owned Subsidiary, to its other holders of any series or class of Capital Stock on a pro rata basis in respect of
such series or class or on a basis that results in the receipt by the Parent or a Restricted Subsidiary of dividends or distributions of a greater value than it would receive on a pro rata basis); 

(ii) purchase, redeem, retire or otherwise acquire for value any Capital Stock of the Parent held by Persons other than the
Parent or a Restricted Subsidiary (other than in exchange for Capital Stock of the Parent (other than Disqualified Stock)); 

(iii) make any principal payment on, or purchase, repurchase, redeem, defease or otherwise acquire or retire for value, prior
to any scheduled maturity, scheduled repayment or scheduled sinking fund payment, any Subordinated Obligations other than the purchase, repurchase, redemption, defeasance or other acquisition of such Subordinated Obligations in anticipation of
satisfying a sinking fund obligation, principal installment or final maturity, in each case due within one year of the date of purchase, repurchase, redemption, defeasance or acquisition; or 

(iv) make any Restricted Investment 

  
 -76- 

 (all such payments and other actions referred to in clauses (i) through (iv)
(other than any exception thereto) shall be referred to as a “Restricted Payment”), unless, at the time of and after giving effect to such Restricted Payment: 

(1) no Default shall have occurred and be continuing (or would result therefrom); 

(2) immediately after giving effect to such transaction on a pro forma basis, (1) the Parent could Incur $1.00 of
additional Indebtedness under Section 3.3(a) hereof; (2) the Aggregate RBC Ratio exceeds 250% and (3) at any time that F&G Re is a Material Subsidiary, the Total Shareholders’ Equity of F&G Re is
equal to or greater than 60% of the Total Shareholders’ Equity of F&G Re as of the Issue Date; 
 (3) the
aggregate amount of such Restricted Payment and all other Restricted Payments declared or made subsequent to the Issue Date (excluding Restricted Payments made pursuant to clauses (i), (ii), (iii), (v), (vi), (vii), (viii), (ix), (x), (xi), (xiii),
(xiv), (xv), (xvi), (xvii) and (xx) of Section 3.4(b)) would not exceed the sum of, without duplication: 

(A) 50% of the Consolidated Net Income of the Parent during the period (taken as one accounting period) beginning with the
first day of the fiscal quarter in which the Issue Date occurs to the end of the Parent’s most recently ended fiscal quarter for which internal financial statements are available at the time of such Restricted Payment (or, in the case such
Consolidated Net Income for such period is a deficit, minus 100% of such deficit); plus 
 (B) 100% of the aggregate Net
Cash Proceeds and the Fair Market Value of marketable securities or other property received by the Parent or a Restricted Subsidiary from the issue or sale of its Capital Stock (other than Disqualified Stock) or other capital contributions
subsequent to the Issue Date (other than any capital contributions made in connection with the Transactions), other than Net Cash Proceeds received from an issuance or sale of such Capital Stock to a Subsidiary of the Parent or to an employee stock
ownership plan, option plan or similar trust to the extent such sale to an employee stock ownership plan, option plan or similar trust is financed by loans from or Guaranteed by the Parent or any Restricted Subsidiary unless such loans have been
repaid with cash on or prior to the date of determination; plus 

  
 -77- 

 (C) the amount by which Indebtedness of the Parent and its Restricted
Subsidiaries is reduced on the Parent’s consolidated balance sheet upon the conversion or exchange subsequent to the Issue Date of any Indebtedness of the Parent or its Restricted Subsidiaries for Capital Stock (other than Disqualified Stock)
of the Parent (less the amount of any cash, or the Fair Market Value of any other property, distributed by the Parent upon such conversion or exchange); plus 

(D) 100% of the Net Cash Proceeds and the Fair Market Value of property other than cash and marketable securities from the
sale or other disposition (other than to the Parent or a Restricted Subsidiary) of Restricted Investments made after the Issue Date and redemptions and repurchases of such Restricted Investments from the Parent or its Restricted Subsidiaries and
repayment of Restricted Investments in the form of loans or advances from the Parent and its Restricted Subsidiaries and releases of Guarantees that constitute Restricted Investments by the Parent and its Restricted Subsidiaries (other than in each
case to the extent the Restricted Investment was made pursuant to Section 3.4(b)(xi)); plus 

(E) 100% of the Net Cash Proceeds and the Fair Market Value of property other than cash and marketable securities received by
the Parent or its Restricted Subsidiaries after the Issue Date from the sale (other than to the Parent or a Restricted Subsidiary) of the stock of an Unrestricted Subsidiary (other than in each case to the extent the Investment in such Unrestricted
Subsidiary was made by the Parent or a Restricted Subsidiary pursuant to Section 3.4(b)(xi) or (xvi) or to the extent such Investment constituted a Permitted Investment); plus 

(F) to the extent that any Unrestricted Subsidiary of the Parent designated as such after the Issue Date is redesignated as a
Restricted Subsidiary or any Unrestricted Subsidiary of the Parent merges into or consolidates with the Parent or any of its Restricted Subsidiaries or any Unrestricted Subsidiary transfers, dividends or distributes assets to the Parent or a
Restricted Subsidiary, in each case after the Issue Date, the Fair Market Value of such Subsidiary as of the date of such redesignation or such merger or consolidation, or in the case of the transfer, dividend or distribution of assets of an
Unrestricted Subsidiary to the Parent or a Restricted Subsidiary, the Fair Market Value of such assets of the Unrestricted Subsidiary, as determined at the time of the redesignation of such Unrestricted Subsidiary as a Restricted Subsidiary or at
the time of such merger, consolidation or transfer, dividend or distribution of assets (other than an Unrestricted Subsidiary to the extent the Investment in such Unrestricted Subsidiary was made by a Restricted Subsidiary pursuant to
Section 3.4(b)(xi) or to the extent such Investment constituted a Permitted Investment); plus 

  
 -78- 

 (G) $475.0 million. 

(b) The provisions of Section 3.4(a) hereof shall not prohibit 

(i) any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Capital Stock, Disqualified Stock
or Subordinated Obligations or any Restricted Investment made in exchange for, or out of the proceeds of a contribution to the common equity capital of the Parent or the substantially concurrent sale of, Capital Stock of the Parent (other than
(x) Disqualified Stock and (y) Capital Stock issued or sold to a Subsidiary of the Parent or an employee stock ownership plan, option plan or similar trust to the extent such sale to an employee stock ownership plan, option plan or similar
trust is financed by loans from or Guaranteed by the Parent or any Restricted Subsidiary unless such loans have been repaid with cash on or prior to the date of determination); provided, however, that the Net Cash Proceeds from such
contribution or sale of Capital Stock shall be excluded from Section 3.4(a)(3)(B); 
 (ii) any
purchase, repurchase, redemption, defeasance or other acquisition or retirement of Subordinated Obligations made in exchange for, or out of the proceeds of the substantially concurrent Incurrence of Refinancing Indebtedness; 

(iii) any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Disqualified Stock of the Parent
or a Restricted Subsidiary made in exchange for or out of the proceeds of the substantially concurrent sale of Disqualified Stock of the Parent or such Restricted Subsidiary, as the case may be, so long as such Disqualified Stock is permitted to be
Incurred pursuant to Section 3.3 hereof; 
 (iv) dividends paid or redemptions made within 60
days after the date of declaration or the giving of the redemption notice if at such date of declaration or notice such dividend or redemption would have complied with this provision; 

(v) the purchase, repurchase, redemption or other acquisition (including by cancellation of indebtedness), cancellation or
retirement for value of or payment in respect of (or payments to any direct or indirect parent of the Parent to fund any such purchase, repurchase, redemption or other acquisition, cancellation or retirement for value) Capital Stock, or options,
warrants, equity appreciation rights or other rights to purchase or acquire Capital Stock, of any direct or indirect parent of the Parent or the Parent held by any existing or former employees, management or directors of or consultants to the Parent
or any Subsidiary of the Parent or their assigns, estates or heirs, in each case in connection with the repurchase or payment provisions under employee stock option or stock purchase agreements or other compensatory agreements approved by the Board
of Directors of the Parent, as applicable, or the compensation committee thereof; provided that such purchases, repurchases, redemptions, acquisitions, cancellations or retirements pursuant to this clause (v) will
not exceed $10.0 million in the aggregate during any calendar year (with any unused amounts in a given calendar year being available in succeeding calendar years so long as the amount does not exceed 

  
 -79- 

 
$20.0 million in any given calendar year); provided that amount in any calendar year (with any unused amounts in a given calendar year being available in succeeding calendar years)
may be increased by an amount not to exceed: 
 (A) the Net Cash Proceeds from the sale of Capital Stock (other than
Disqualified Stock) of the Parent to, or capital contributions by, existing or former employees or members of management of the Parent or any of its Subsidiaries that occurs after the Issue Date, to the extent the Net Cash Proceeds from the sale of
such Capital Stock or capital contributions have not otherwise been applied to the payment of Restricted Payments (provided that the Net Cash Proceeds from such sales or contributions shall be excluded from
Section 3.4(a)(3)(B)); plus 
 (B) the cash proceeds of key man life insurance policies
received by the Parent or its Restricted Subsidiaries after the Issue Date relating to the Parent’s or such Restricted Subsidiaries’ key persons who are so insured; less 

(C) the amount of any Restricted Payments previously made with the Net Cash Proceeds described in the clauses (A) and
(B) of this clause (v); 
 provided that cancellation of Indebtedness owing to the Parent or any Restricted Subsidiary from any existing or
former employees, management, directors or consultants of the Parent, any Restricted Subsidiary or any direct or indirect parent of the Parent in connection with a repurchase of Capital Stock of the Parent, or any direct or indirect parent of the
Parent will not be deemed to constitute a Restricted Payment for purposes of this Section 3.4 or any other provision of this Indenture; 

(vi) (A) the accrual, declaration and payment of dividends to holders of any class or series of Disqualified Stock of
the Parent or any Restricted Subsidiary or Preferred Stock of any Restricted Subsidiary issued in accordance with the terms of this Indenture and payment of any redemption price or liquidation value of any such Disqualified Stock or Preferred Stock
when due at final maturity in accordance with its terms and (B) the declaration and payment of dividends to a direct or indirect parent company of the Parent, the proceeds of which will be used to fund the payment of dividends to holders of any
class or series of Preferred Stock (other than Disqualified Stock) of such parent company issued after the Issue Date; provided that (i) the aggregate amount of dividends paid pursuant to this clause (B) shall
not exceed the aggregate amount of cash actually contributed to the common equity capital of the Parent from the sale of such Preferred Stock and (ii) the amount of cash used to make any payments pursuant to this
clause (B) shall be excluded from calculations pursuant to Section 3.4(a)(3)(B) and shall not be used for the purpose of any other Restricted Payment; 

(vii) repurchases or other acquisitions of Capital Stock deemed to occur (i) upon the exercise of stock options,
warrants, restricted stock units or other rights to purchase Capital Stock or other convertible securities if such Capital Stock represents a portion of the exercise price thereof or conversion price thereof or (ii) in connection with

  
 -80- 

 
withholdings or similar taxes payable by any future, present or former employee, director or officer; 

(viii) the purchase, repurchase, redemption, defeasance or other acquisition or retirement for value of any Subordinated
Obligations in accordance with provisions applicable thereto similar to those described under Sections 3.7 and 3.9 hereof; provided that, prior to or simultaneously with such purchase, repurchase, redemption, defeasance or other
acquisition or retirement, the Company has made a Change of Control Offer or Asset Disposition Offer, as applicable, under this Indenture and has completed the repurchase or redemption of all Notes validly tendered for payment in connection with
such Change of Control Offer or Asset Disposition Offer, as applicable, under this Indenture; 
 (ix) cash payments in lieu
of the issuance of fractional shares in connection with the exercise of warrants, options or other securities convertible into or exchangeable for Capital Stock of the Parent or other exchanges of securities of the Parent or a Restricted Subsidiary
in exchange for Capital Stock of the Parent; 
 (x) the purchase, repurchase, redemption, acquisition or retirement of
Subordinated Obligations with Unutilized Excess Proceeds remaining after an Asset Disposition Offer pursuant to Section 3.7 hereof; 

(xi) other Restricted Payments not to exceed $150.0 million in the aggregate in any one calendar year; 

(xii) the purchase of fractional shares of Capital Stock of the Parent arising out of stock dividends, splits or combinations
or mergers, consolidations or other acquisitions; 
 (xiii) in connection with any acquisition by the Parent or any of its
Subsidiaries, the receipt or acceptance of the return to the Parent or any of its Restricted Subsidiaries of Capital Stock of the Parent constituting a portion of the purchase price consideration in settlement of indemnification claims or as a
result of a purchase price adjustment (including earn outs or similar obligations); 
 (xiv) the distribution of rights
pursuant to any shareholder rights plan or the redemption of such for nominal consideration in accordance with the terms of any shareholder rights plan; 

(xv) payments or distributions to stockholders pursuant to appraisal rights required under applicable law in connection with
any merger, consolidation or other acquisition by the Parent or any Restricted Subsidiary; 
 (xvi) the distribution or
transfer, as a dividend, Investment or otherwise, of shares of Capital Stock of Unrestricted Subsidiaries (other than Unrestricted Subsidiaries, the primary assets of which are cash and Cash Equivalents); 

  
 -81- 

 (xvii) payments made to any direct or indirect parent of the Parent (A) (i)
to allow such direct or indirect parent of the Parent to pay administrative expenses and corporate overhead, franchise fees, public company costs (including SEC and auditing fees) and customary director fees; (ii) to allow such direct or
indirect parent of the Parent to pay premiums and deductibles in respect of directors and officers insurance policies and umbrella excess insurance policies obtained from third-party insurers and indemnities for the benefit of its directors,
officers and employees, and (iii) to allow such direct or indirect parent of the Parent to pay reasonable fees and expenses incurred in connection with any unsuccessful debt or equity offering or any unsuccessful acquisition or strategic
transaction by such direct or indirect parent of the Parent and (B) if the Parent is a member of group filing a consolidated income tax return with a direct or indirect parent of the Parent, to allow such direct or indirect parent of the
Parent) to pay (1) the relevant income taxes for which such direct or indirect parent of the Parent is liable, but only to the extent such taxes are attributable to income of the Parent and its Subsidiaries in an amount not to exceed the amount
of such taxes that would be payable by the Parent and its Subsidiaries on a stand-alone basis if the Parent had filed a consolidated return on behalf of an affiliated group (as defined in Section 1504 of the Code or any analogous provision of
state, local or foreign law) including its Subsidiaries of which it were the common parent, taking into account any net operating losses and other attributes of the Parent or its Subsidiaries, and (2) franchise and excise taxes, fees and other
similar taxes and expenses required to maintain its existence; provided that any payments pursuant to this clause (B) in any period not otherwise deducted in calculating Consolidated Net Income shall be deducted in calculating
Consolidated Net Income for such period; 
 (xviii) any Restricted Payment made in connection with the Transactions and the
fees and expenses related thereto or owed to Affiliates in connection therewith; 
 (xix) the payment by the Parent of, or
loans, advances, dividends or distributions by the Parent to any direct or indirect parent of the Parent to pay, dividends on the common stock or equity of the Parent or any such direct or indirect parent following a public offering of such common
stock or equity after the Issue Date in an amount not to exceed in any fiscal year 6% of the net cash proceeds received by the Parent (whether directly, or indirectly through a contribution to common equity capital by any direct or indirect parent
of the Parent) in or from such public offering; and 
 (xx) the declaration and payment of dividends as described in the
“Use of Proceeds” section included in the Offering Memorandum. 
 provided, however, that at the time of and after giving effect to
any Restricted Payment permitted under 
clauses (v), (viii) and (xix), no Default shall have occurred and be continuing or would occur as a consequence thereof. 

(c) The amount of all Restricted Payments (other than cash) shall be the Fair Market Value on the date of such Restricted Payment of the
assets or securities proposed to be paid, transferred or issued by the Parent or such Restricted Subsidiary, as the case may be, 

  
 -82- 

 
pursuant to such Restricted Payment. The Fair Market Value of any cash Restricted Payment shall be its face amount and any non-cash Restricted Payment
shall be determined conclusively in Good Faith by the Parent. 
 For purposes of determining compliance with this
Section 3.4, in the event that a proposed Restricted Payment (or portion thereof) meets the criteria of more than one of the categories of Restricted Payments described in clauses (i) through (xix) of
Section 3.4(b), or is entitled to be made pursuant to Section 3.4(a) or the definition of “Permitted Investment,” the Parent shall be entitled to divide and classify such
Restricted Payment (or portion thereof) on the date of its payment in any manner that complies with this Section 3.4 or the definition of “Permitted Investment.” 

If the Parent or any Restricted Subsidiary makes a Restricted Investment or a Permitted Investment and the Person in which such Investment
was made subsequently becomes a Restricted Subsidiary, to the extent such Investment resulted in a reduction of the amounts calculated under Section 3.4(a) or any other provision of this
Section 3.4 or the definition of Permitted Investment (which was not subsequently reversed), then such amount shall be increased by the amount of such reduction to the extent of the lesser of (x) the amount of such
Investment and (y) the Fair Market Value of such Investment at the time such Person becomes a Restricted Subsidiary. 
 (d) The
Company shall not permit any Unrestricted Subsidiary to become a Restricted Subsidiary except pursuant to the last sentence of the definition of “Unrestricted Subsidiary”. For purposes of designating any Restricted Subsidiary as an
Unrestricted Subsidiary, all outstanding Investments by the Parent and its Restricted Subsidiaries (except to the extent repaid) in the Subsidiary so designated shall be deemed to be Restricted Payments in an amount determined as set forth in the
definition of “Investment”. Such designation shall be permitted only if a Restricted Payment in such amount would be permitted at such time and if such Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. 

SECTION 3.5. Limitation on Liens. The Parent will not, and will not permit any of its Restricted Subsidiaries to create, incur, assume
or otherwise cause or suffer to exist or become effective any Lien of any kind (other than Permitted Liens) upon any of their property or assets, now owned or hereafter acquired, that secures Indebtedness of the Parent or any of its Restricted
Subsidiaries without effectively providing that the Notes are secured equally and ratably with (or, if the Indebtedness to be secured by the Lien is subordinated in right of payment to the Notes or any Guarantee, prior to) the Indebtedness so
secured for so long as such Indebtedness is so secured. 
 With respect to any Lien securing Indebtedness that was permitted to secure such
Indebtedness at the time such Indebtedness was Incurred, such Lien shall also be permitted to secure any Increased Amount of such Indebtedness. The “Increased Amount” of any Indebtedness shall mean any increase in the amount of such
Indebtedness in connection with any accrual of interest, the accretion of accreted value, the amortization of original issue discount, the payment of interest in the form of additional Indebtedness with the same terms, the payment of

  
 -83- 

 
dividends on preferred stock in the form of additional shares of preferred stock of the same class, accretion of original issue discount or liquidation preference and increases in the amount of
Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies or increases in the value of property securing Indebtedness described in clause (7) of the definition of “Indebtedness.” 

SECTION 3.6. Limitation on Restrictions on Distributions from Restricted Subsidiaries. 

(a) The Parent shall not, and shall not permit any Restricted Subsidiary to create or otherwise cause or permit to exist any consensual
encumbrance or consensual restriction on the ability of any Restricted Subsidiary to: 
 (i) pay dividends or make any other
distributions on its Capital Stock to the Parent or any of its Restricted Subsidiaries, or with respect to any other interest or participation in, or measured by, its profits (it being understood that the priority of any Preferred Stock in receiving
dividends or liquidating distributions prior to dividends or liquidating distributions being paid on Common Stock shall not be deemed a restriction on the ability to make distributions on Capital Stock); 

(ii) make any loans or advances to the Parent or any Restricted Subsidiary (it being understood that the subordination of
loans or advances made to the Parent or any Restricted Subsidiary to other Indebtedness Incurred by the Parent or any Restricted Subsidiary shall not be deemed a restriction on the ability to make loans or advances); or 

(iii) sell, lease or transfer any of its property or assets to the Parent or any Restricted Subsidiary (it being understood
that such transfers shall not include any type of transfer described in clause (i) or (ii) of this Section 3.6(a)). 

(b) The restrictions in Section 3.6(a) shall not prohibit encumbrances or restrictions existing under or by reason
of: 
 (i) any encumbrance or restriction pursuant to an agreement in effect at or entered into on the Issue Date,
including, without limitation, this Indenture, the Notes and the Guarantees in effect on such date; 
 (ii) any encumbrance
or restriction with respect to a Person or assets pursuant to an agreement in effect on or before the date on which such Person became a Restricted Subsidiary or was acquired by, merged into or consolidated with the Parent or a Restricted Subsidiary
(other than Capital Stock or Indebtedness Incurred as consideration in, or to provide all or any portion of the funds or credit support utilized to consummate, the transaction or series of related transactions pursuant to which such Person became a
Restricted Subsidiary or was acquired by, merged into or consolidated with the Parent or in contemplation of the transaction) or such assets were acquired by the Parent or any Restricted Subsidiary; provided, that any such encumbrance or
restriction shall not extend to any Person or the assets or property of the Parent or any other Restricted Subsidiary 

  
 -84- 

 
other than the Person and its Subsidiaries or the assets and property so acquired and that, in the case of Indebtedness, was permitted to be Incurred pursuant to this Indenture; 

(iii) any encumbrance or restriction pursuant to an agreement effecting a Refinancing of Indebtedness Incurred pursuant to an
agreement referred to in clause (i) or (ii) of this Section 3.6(b) or this clause (iii) or contained in any amendment, restatement, modification, renewal, supplement, refunding, replacement or Refinancing
of an agreement referred to in clause (i) or (ii) of this Section 3.6(b) or this clause (iii); provided, however, that the encumbrances and restrictions with respect to such
Restricted Subsidiary contained in any such agreement are no less favorable (as determined in Good Faith by the Parent) in any material respect, taken as a whole, to the Holders of the Notes than the encumbrances and restrictions contained in such
agreements referred to in clause (i) or (ii) of this Section 3.6(b) on the Issue Date or the date such Restricted Subsidiary became a Restricted Subsidiary or was merged into or consolidated with a
Restricted Subsidiary, whichever is applicable; 
 (iv) in the case of Section 3.6(a)(iii),
encumbrances or restrictions arising in connection with Liens permitted to be Incurred under the provisions of Section 3.5 hereof that apply only to the assets subject to such Liens; 

(v) purchase money obligations for property acquired and Capitalized Lease Obligations, in each case, that impose restrictions
of the nature described in Section 3.6(a)(iii) on the property so acquired; 
 (vi) contracts for
the sale of assets, including customary restrictions with respect to a Subsidiary of the Parent pursuant to an agreement that has been entered into for the sale or disposition of all or a portion of the Capital Stock or assets of such Subsidiary;

 (vii) restrictions on cash or other deposits or net worth imposed by customers or lessors or required by insurance,
surety or bonding companies under contracts entered into in the ordinary course of business; 
 (viii) any customary
provisions in leases, subleases or licenses and other agreements entered into by the Parent or any Restricted Subsidiary in the ordinary course of business; 

(ix) encumbrances or restrictions arising or existing by reason of applicable law or any applicable rule, regulation, order,
permit or grant, including for the avoidance of doubt, any encumbrance or restriction on any Insurance Subsidiary by any governmental authority having the power to regulate such Insurance Subsidiary; 

(x) encumbrances or restrictions contained in or arising under indentures or debt instruments or other debt arrangements
Incurred or Preferred Stock issued by the Parent or any Restricted Subsidiary subsequent to the Issue Date pursuant to Section 3.3 

  
 -85- 

 
hereof that are not more restrictive, taken as a whole (as determined in Good Faith by the Parent), than those applicable to the Parent in this Indenture on the Issue Date; 

(xi) encumbrances or restrictions contained in or arising under indentures or other debt instruments or other debt
arrangements Incurred or Preferred Stock issued by the Parent or any Subsidiary subsequent to the Issue Date pursuant to Section 3.3 hereof or contained or arising in connection with any Reinsurance Agreement or Statutory
Reserve Financing or agreement entered into by an Insurance Subsidiary or Special Purpose Subsidiary; provided that such encumbrances and restrictions contained in any agreement or instrument will not materially adversely affect the
Company’s ability to make anticipated principal or interest payments on the Notes or are otherwise customary for financings or arrangements of that type (in each case, as determined in Good Faith by the Parent); 

(xii) restrictions or conditions contained in any trading, netting, operating, construction, service, supply, purchase or
other agreement to which the Parent or any of its Restricted Subsidiaries is a party and entered into in the ordinary course of business; provided that such agreement prohibits the encumbrance of solely the property or assets of the Parent or
such Restricted Subsidiary that are the subject of such agreement, the payment rights arising thereunder or the proceeds thereof and does not extend to any other asset or property of the Parent or such Restricted Subsidiary or the assets or property
of any other Restricted Subsidiary. 
 (xiii) customary provisions in joint venture agreements and other similar agreements;

 (xiv) customary provisions contained in leases, licenses and other similar agreements entered into in the ordinary course
of business; and 
 (xv) any instrument governing any Indebtedness or Capital Stock of a Person that is an Unrestricted
Subsidiary as in effect on the date that such Person becomes a Restricted Subsidiary, which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person who became a Restricted
Subsidiary or the property or assets of the Person who became a Restricted Subsidiary, and was not entered into in contemplation of the designation of such Subsidiary as a Restricted Subsidiary; provided that in the case of Indebtedness, the
incurrence of such Indebtedness as a result of such Person becoming a Restricted Subsidiary was permitted by the terms of this Indenture. 

SECTION 3.7. Limitation on Sales of Assets and Subsidiary Stock. 

(a) The Parent shall not, and shall not permit any of its Restricted Subsidiaries to, make any Asset Disposition following the Issue Date
unless: 

  
 -86- 

 (i) the Parent or such Restricted Subsidiary, as the case may be, receives
consideration at least equal to the Fair Market Value (such Fair Market Value to be determined as of the date of contractually agreeing to such Asset Disposition) of the assets subject to such Asset Disposition; and 

(ii) at least 75% of the consideration from such Asset Disposition received by the Parent or such Restricted Subsidiary, as
the case may be, is in the form of cash or Cash Equivalents. 
 The Parent shall determine the Fair Market Value of any consideration from such Asset
Disposition that is not cash or Cash Equivalents. 
 (b) Any Net Available Cash received by the Parent or any Restricted Subsidiary from
any Asset Disposition shall be applied at the Parent’s election: 
  

	 	(x)	to prepay, repay or repurchase secured Indebtedness of the Parent or any Restricted Subsidiary or to prepay, repay or repurchase any Indebtedness of the Parent or any of its Restricted Subsidiaries which is not
expressly subordinated to the prior payment in full in cash of all Obligations with respect to the Notes, in the case of the Company, or the Guarantees, in the case of a Guarantor and, if the Indebtedness repaid is revolving credit Indebtedness, to
correspondingly reduce commitments with respect thereto; 

  

	 	(y)	to repay, prepay or repurchase Indebtedness of a Non-Guarantor Subsidiary, or 

  

	 	(z)	to reinvest in or acquire assets (including Capital Stock or other securities purchased in connection with the acquisition of Capital Stock or property of another Person that is or becomes a Restricted Subsidiary of the
Parent or that would constitute a Permitted Investment under clause (2) of the definition thereof) used or useful in a Related Business. 

(c) All Net Available Cash that is not applied or invested (or committed pursuant to a written agreement to be applied or invested) as
provided in subclauses (x), (y) or (z) of the preceding paragraph within 450 days after receipt (or in the case of any amount committed to be so applied or reinvested, which are not actually so applied or reinvested within
180 days following such 450 day period) will be deemed to constitute “Excess Proceeds.” Within 30 days after the aggregate amount of Excess Proceeds exceeds $50.0 million, the Company will make an offer (“Asset
Disposition Offer”) to all Holders of Notes and all holders of other Indebtedness that is pari passu with the Notes or any Guarantee containing provisions similar to those set forth in this Indenture with respect to offers to purchase with
the proceeds of sales of assets, to purchase the maximum principal amount of the Notes and such other pari passu Indebtedness that may be purchased out of the Excess Proceeds. The Company may make 

  
 -87- 

 
an Asset Disposition Offer under this section using Net Available Cash prior to the time any such Net Available Cash becomes Excess Proceeds, in which case such Net Available Cash shall be deemed
to have been applied within the time frame required by this Section 3.7. The offer price in any Asset Disposition Offer will be equal to 100% of the principal amount of the Notes and such other pari passu Indebtedness plus
accrued and unpaid interest thereon to, but excluding, the date of purchase (subject to the rights of Holders of record on any record date to receive payments of interest on the related Interest Payment Date that is prior to the relevant redemption
date), and will be payable in cash. If any Excess Proceeds remain after consummation of an Asset Disposition Offer (“Unutilized Excess Proceeds”), the Parent may use such Excess Proceeds for any purpose not otherwise prohibited by
this Indenture. If the aggregate principal amount of the Notes and such other pari passu Indebtedness tendered into such Asset Disposition Offer exceeds the amount of Excess Proceeds, the Notes and such other pari passu Indebtedness shall be
purchased on a pro rata basis based on the principal amount of the Notes and such other pari passu Indebtedness tendered. Upon completion of each Asset Disposition Offer, the amount of Excess Proceeds shall be reset at zero. 

(d) The Asset Disposition Offer shall remain open for a period of 20 Business Days following its commencement, except to the extent that a
longer period is required by applicable law (the “Asset Disposition Offer Period”). No later than five Business Days after the termination of the Asset Disposition Offer Period (the “Asset Disposition Purchase
Date”), the Company shall purchase the principal amount of Notes required to be purchased pursuant to this Section 3.7 (the “Asset Disposition Offer Amount”) or, if less than the Asset Disposition
Offer Amount has been so validly tendered and not properly withdrawn, all Notes validly tendered in response to the Asset Disposition Offer. 

(i) On or before the Asset Disposition Purchase Date, the Company shall, to the extent lawful, accept for payment, on a pro rata basis to the
extent necessary, the Asset Disposition Offer Amount of Notes or portions of Notes validly tendered and not properly withdrawn pursuant to the Asset Disposition Offer, or if less than the Asset Disposition Offer Amount has been validly tendered and
not properly withdrawn, all Notes validly tendered and not properly withdrawn, in each case in minimum denominations of $1,000 (except that no Note shall be purchased in part if the remaining principal amount would be less than $2,000). The Company
or the Paying Agent, as the case may be, shall promptly (but in any case not later than five Business Days after termination of the Asset Disposition Offer Period) mail or deliver to each tendering Holder of Notes an amount equal to the purchase
price of the Notes validly tendered and not properly withdrawn by such Holder and accepted by the Company for purchase, and the Company shall promptly issue a new Note, and the Trustee, upon receipt of an Officer’s Certificate, shall
authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered; provided that each such new Note shall be in a minimum principal amount of $2,000 or an integral
multiple of $1,000 in excess thereof. Any Note not so accepted shall be promptly mailed or delivered by the Company to the Holder thereof. 

  
 -88- 

 (e) For the purposes of this Section 3.7, the following are deemed to
be Cash Equivalents: (x) any liabilities (as shown on the Parent’s or such Restricted Subsidiary’s most recent balance sheet or in the Notes thereto) of the Parent or any Restricted Subsidiary of the Parent (other than liabilities
that are by their terms subordinated to the Notes) that are assumed by the transferee of any such assets (including, without limitation, liabilities relating to insurance products); (y) any Notes or other obligations or other securities or assets
received by the Parent or such Restricted Subsidiary of the Parent from such transferee that are converted within 180 days by the Parent or such Restricted Subsidiary into cash (to the extent of the cash received); and (z) any Designated Non-cash Consideration received by the Parent or any of its Restricted Subsidiaries in such Asset Dispositions having an aggregate Fair Market Value (determined in Good Faith by the Parent), taken together with all
other Designated Non-cash Consideration received pursuant to this clause (z) that is at that time outstanding, not to exceed $100.0 million at the time of the receipt of such Designated Non-cash Consideration (with the Fair Market Value of each item of Designated Non-cash Consideration being measured at the time received and without giving effect to
subsequent changes in value). 
 (f) The Company shall comply, to the extent applicable, with the requirements of Section 14(e) of the
Exchange Act and any other securities laws or regulations in connection with the repurchase of Notes pursuant to this Section 3.7. To the extent that the provisions of any securities laws or regulations conflict with
provisions of this Section 3.7, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under this Section 3.7. 

(g) Pending the final application of any such Net Available Cash, the Parent or its Restricted Subsidiaries may temporarily reduce revolving
indebtedness under any debt facility or otherwise invest such Net Available Cash in Cash Equivalents. 
 SECTION 3.8. Limitation on
Affiliate Transactions. 
 (a) The Parent shall not, and shall not permit any of its Restricted Subsidiaries to enter into or conduct
any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any Affiliate of the Parent (an “Affiliate Transaction”) involving payments of consideration in excess of
$15.0 million unless: 
 (i) the terms of such Affiliate Transaction, when viewed together with any related Affiliate
Transactions, are not materially less favorable to the Parent or such Restricted Subsidiary, as the case may be, than those that could have been obtained in a comparable transaction at the time of such transaction in
arm’s-length dealings with a Person who is not an Affiliate; and 
 (ii) in the
event such Affiliate Transaction involves an aggregate consideration in excess of $35.0 million, the terms of such transaction have been approved by a majority of the members of the Board of Directors of the Parent (and such majority determines
that such Affiliate Transaction satisfies the criteria in clause (i) above). 

  
 -89- 

 (b) The provisions of Section 3.8(a) shall not apply
to: 
 (i) any (x) Restricted Payment permitted to be made pursuant to Section 3.4 hereof and
(y) Permitted Investment in any Person that is an Affiliate of the Parent solely as a result of the ownership of Investments in such Person by the Parent or any Restricted Subsidiary; 

(ii) any issuance of securities, or other payments, awards or grants in cash, securities or otherwise pursuant to, or the
funding of, employment agreements and other compensation arrangements, options to purchase Capital Stock of the Parent pursuant to restricted stock plans, long-term incentive plans, stock appreciation rights plans, participation plans or similar
employee benefits plans, pension plans or similar plans or agreements or arrangements approved by the Board of Directors of the Parent or the compensation committee thereof; 

(iii) loans or advances to employees, officers or directors of the Parent or any Subsidiary of the Parent or any direct or
indirect parent of the Parent in the ordinary course of business, in an aggregate amount outstanding at any time not in excess of $5.0 million (without giving effect to the forgiveness of any such loan); 

(iv) any transaction between or among the Parent and any Restricted Subsidiary or between or among Restricted Subsidiaries,
and any Guarantees issued by the Parent or a Restricted Subsidiary for the benefit of the Parent or a Restricted Subsidiary; 

(v) the payment of reasonable and customary compensation (including fees, benefits, severance, change of control payments and
incentive arrangements) to, and employee benefit arrangements, including, without limitation, split-dollar insurance policies, and indemnity or similar arrangements provided on behalf of, directors, officers, employees and agents of the Parent or
any of its Subsidiaries or any direct or indirect parent of the Parent, whether by charter, bylaw, statutory or contractual provisions; 

(vi) the existence of, and the performance of obligations of the Parent or any of its Restricted Subsidiaries under the terms
of any agreement to which the Parent or any of its Restricted Subsidiaries is a party as of or on the Issue Date, as these agreements may be amended, modified, supplemented, extended or renewed from time to time; provided, however,
that any future amendment, modification, supplement, extension or renewal entered into after the Issue Date shall be permitted to the extent that its terms, taken as a whole, are not more disadvantageous to the Holders of the Notes in any material
respect, as determined in Good Faith by the Parent, than the terms of the agreements in effect on the Issue Date; 

  
 -90- 

 (vii) any agreement between any Person and an Affiliate of such Person existing
at the time such Person is acquired by or merged with or into or consolidated with the Parent or a Restricted Subsidiary; provided that such agreement was not entered into in contemplation of such acquisition, merger or consolidation, or any
amendment thereto (so long as any such amendment is not disadvantageous in any material respect to the Holders, as determined in Good Faith by the Parent, when taken as a whole as compared to the applicable agreement as in effect on the date of such
acquisition or merger); 
 (viii) insurance transactions, intercompany pooling and other reinsurance transactions entered
into in the ordinary course of business; 
 (ix) any purchases by the Parent’s Affiliates of Indebtedness of the Parent
or any of its Restricted Subsidiaries the majority of which Indebtedness is placed with Persons who are not Affiliates and payments of principal and interest on such Indebtedness; 

(x) arrangements for indemnification payments for directors and officers of the Parent and its Subsidiaries or any direct or
indirect parent of the Parent; 
 (xi) any issuance or sale of Capital Stock (other than Disqualified Stock) to Affiliates
of the Parent and the granting of registration and other customary rights in connection therewith or any contribution to the Capital Stock of the Parent or any Restricted Subsidiary; 

(xii) payments by the Parent or any of its Subsidiaries to any Affiliate for any financial advisory, financing, underwriting
or placement services or in respect of other investment banking activities, including in connection with acquisitions or divestitures, which payments are on arms’-length terms and are approved by a majority of the members of the Board of
Directors of the Parent in good faith; 
 (xiii) any transaction pursuant to which any Permitted Holder provides the Parent
and/or its Subsidiaries, at cost, with services, including services to be purchased from third-party providers, such as legal and accounting, tax, consulting, financial advisory, corporate governance, insurance coverage and other services which
transaction is approved by a majority of the members of the Board of Directors or a committee thereof in good faith; 

(xiv) transactions in which the Parent or any Restricted Subsidiary, as the case may be, delivers to the Trustee a letter from
an Independent Financial Advisor stating that such transaction is fair to the Parent or such Restricted Subsidiary from a financial point of view or stating that the terms are not materially less favorable taken as a whole than those that might
reasonably have been obtained by the Parent or such Restricted Subsidiary in a comparable transaction at such time on an arms’ length basis from a Person that is not an Affiliate; 

  
 -91- 

 (xv) transactions with customers, clients, suppliers, joint ventures, joint
venture partners, Unrestricted Subsidiaries or purchasers or sellers of goods and services and Investments by any Insurance Subsidiary in accordance with clause (18) of the definition of “Permitted Investments”, in each case in
the ordinary course of business (as determined in Good Faith by the Parent) and on terms no less favorable than that available from non-affiliates (as determined in Good Faith by the Parent) and otherwise not
prohibited by this Indenture; 
 (xvi) any transaction with an Affiliate where the only consideration paid by the Parent or
any Restricted Subsidiary is Capital Stock of the Parent (other than Disqualified Stock); 
 (xvii) the payment of all fees
and expenses in connection with the offering of the Notes; 
 (xviii) any merger, consolidation or reorganization of the
Parent or any Restricted Subsidiary (otherwise permitted by this Indenture) with an Affiliate of the Parent solely for the purpose of (a) reorganizing to facilitate an initial public offering of securities of the Parent or a direct or indirect
parent of the Parent, (b) forming or collapsing a holding company structure or (c) reincorporating the Parent or any Restricted Subsidiary in a new jurisdiction; 

(xix) transactions between the Parent or any of its Restricted Subsidiaries and any Person that is an Affiliate solely because
one or more of its directors is also a director of the Parent or any direct or indirect parent of the Parent; provided that such director abstains from voting as a director of the Parent or such direct or indirect parent, as the case may be,
on any matter involving such other Person; 
 (xx) any transaction entered into by an Insurance Subsidiary for which
approval has been received from the applicable Insurance Regulatory Authority; provided that any direct involvement of the Parent or any of its Restricted Subsidiaries (other than such Insurance Subsidiary) in such transaction is on terms
that are not materially less favorable taken as a whole than those that might reasonably have been obtained by the Parent or such Restricted Subsidiary in a comparable transaction at such time on an arms’ length basis from a Person that is not
an Affiliate, as determined in Good Faith by the Parent; 
 (xxi) the entry by the Parent (and any direct or indirect parent
company thereof) or any of its Restricted Subsidiaries into tax sharing agreements providing for payments consistent with 
Sections 3.4(b)(xv) and (xvii)(B) and the making of any such payments pursuant thereto; 

(xxii) the payment of management, consulting, monitoring, transaction, advisory and other fees, indemnities and expenses
pursuant to any Investment Management Agreement (plus any unpaid management, consulting, monitoring, transaction, advisory 

  
 -92- 

 
and other fees, indemnities and expenses accrued in any prior year) and any termination fees (including any such cash lump sum or present value fee upon the consummation of a corporate event,
including an initial public equity offering) pursuant to any Investment Management Agreement; 
 (xxiii) (a) investments by
Permitted Holders in securities or loans of the Parent or any of the Restricted Subsidiaries (and payment of reasonable out-of-pocket expenses incurred by such Permitted
Holders in connection therewith) so long as the investment is being offered by the Parent or such Restricted Subsidiary generally to other investors on the same or more favorable terms, and (b) payments to Permitted Holders in respect of
securities or loans of the Parent or any of its Restricted Subsidiaries contemplated in the foregoing subclause (a) or that were acquired from Persons other than the Parent and its Restricted Subsidiaries, in each case, in accordance with the
terms of such securities or loans; and 
 (xxiv) the Transactions and the payment of all fees and expenses related to the
Transactions, including Transaction Expenses. 
 SECTION 3.9. Change of Control Triggering Event. 

(a) If a Change of Control Triggering Event occurs, unless the Company has exercised its right to redeem all of the Notes as described under
paragraph 6 of the applicable Notes Supplemental Indenture and all conditions precedent applicable to such redemption have been satisfied, each Holder shall have the right to require the Company to repurchase all or any part (in integral multiples
of $1,000 except that no Note may be tendered in part if the remaining principal amount would be less than $2,000) of such Holder’s Notes at a purchase price in cash equal to 101% of the principal amount of the Notes plus accrued and unpaid
interest, if any, to, but excluding, the date of purchase (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date that is prior to the relevant redemption date). 

(b) Prior to or within 30 days following any Change of Control Triggering Event, except to the extent the Company has exercised its right to
redeem all of the Notes under paragraph 6 of the applicable Notes Supplemental Indenture, the Company shall mail a notice (the “Change of Control Offer”) to each Holder or otherwise give notice in accordance with the applicable
procedures of DTC, with a copy to the Trustee, stating: 
 (i) that a Change of Control Offer is being made and that all
Notes properly tendered pursuant to such Change of Control Offer will be accepted for purchase by the Company at a purchase price in cash equal to 101% of the principal amount of such Notes plus accrued and unpaid interest, if any, to, but
excluding, the date of purchase (subject to the right of Holders of record on a Record Date to receive interest on the relevant Interest Payment Date that is prior to the relevant redemption date) (the “Change of Control Payment”);

  
 -93- 

 (ii) the repurchase date (which shall be no earlier than 30 days nor later than
60 days from the date such notice is mailed or otherwise delivered in accordance with the applicable procedures of DTC) (the “Change of Control Payment Date”); 

(iii) the procedures determined by the Company, consistent with this Indenture, that a Holder must follow in order to have its
Notes repurchased; 
 (iv) that any Notes not tendered will continue to accrue interest in accordance with the terms of this
Indenture; 
 (v) that, unless the Company defaults in the payment of the Change of Control Payment, all Notes accepted for
payment pursuant to the Change of Control Offer will cease to accrue interest on the Change of Control Payment Date; 
 (vi)
that Holders will be entitled to withdraw their election if the Paying Agent receives, not later than the close of business on the second Business Day preceding the Change of Control Payment Date, a facsimile transmission or letter setting forth the
name of the Holder, the principal amount of the Notes delivered for purchase and a statement that such Holder is unconditionally withdrawing its election to have such Notes purchased; 

(vii) If such notice is delivered prior to the occurrence of a Change of Control Triggering Event, stating that the Change of
Control is conditional on the occurrence of such Change of Control Triggering Event; and 
 (viii) that Holders whose Notes
are being purchased only in part will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered, which unpurchased portion must be equal to $2,000 in principal amount or an integral multiple of $1,000 in
excess thereof. 
 (c) On the Change of Control Payment Date, the Company shall, to the extent lawful: 

(i) accept for payment all Notes or portions of Notes (in principal amounts of $2,000 or larger integral multiples of $1,000
in excess thereof) properly tendered pursuant to the Change of Control Offer; 
 (ii) deposit with the Paying Agent an
amount equal to the Change of Control Payment in respect of all Notes or portions of Notes validly tendered; and 
 (iii)
deliver or cause to be delivered to the Trustee for cancellation the Notes so accepted together with an Officer’s Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company. 

(d) The Paying Agent shall promptly submit electronically or mail to each Holder of Notes so tendered the Change of Control Payment for such
Notes, and upon receipt of 

  
 -94- 

 
an Authentication Order the Trustee shall promptly authenticate and mail (or cause to be transferred by book entry) to each Holder a new Note (it being understood that, notwithstanding anything
in this Indenture to the contrary, no Opinion of Counsel or Officer’s Certificate will be required for the Trustee to authenticate or deliver such new Note) equal in principal amount to any unpurchased portion of the Notes surrendered, if any;
provided that each such new Note will be in a minimum principal amount of $2,000 or integral multiples of $1,000 in excess thereof. 

(e) The Company shall not be required to make a Change of Control Offer following a Change of Control Triggering Event if (i) a third
party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture applicable to a Change of Control Offer made by the Company and purchases all Notes validly tendered
and not withdrawn under such Change of Control Offer or (ii) a notice of redemption for all of the outstanding Notes has been given pursuant to this Indenture unless and until there is a default in payment of the applicable redemption price,
plus accrued and unpaid interest to, but excluding, the proposed Redemption Date. Notwithstanding anything to the contrary herein, a Change of Control Offer may be made in advance of a Change of Control Triggering Event, conditional upon such Change
of Control Triggering Event. 
 (f) If Holders of not less than 90% in aggregate principal amount of the outstanding Notes validly tender
and do not withdraw such Notes in a Change of Control Offer and the Company, or any third party making a Change of Control Offer in lieu of the pursuant to Section 3.9, purchases all of the Notes validly tendered and not
withdrawn by such Holders in such Change of Control Offer, all of the Holders of Notes will be deemed to have consented to such tender offer or other offer, and, accordingly, the Company or such third party may elect, upon not less than 15 nor more
than 60 days’ prior notice, to redeem all Notes that remain outstanding following the consummation of the Change of Control Offer at a redemption price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to
but excluding, the applicable redemption date; provided that the Company or the applicable third party must provide any such notice of redemption within 30 days following the Change of Control Payment Date. 

(g) The Company shall comply, to the extent applicable, with the requirements of Rule 14e-1 under the
Exchange Act and any other securities laws or regulations thereunder in connection with the repurchase of Notes pursuant to a Change of Control Offer. To the extent that the provisions of any securities laws or regulations conflict with provisions
of this Indenture, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations described in this Indenture by virtue of such compliance. 

SECTION 3.10. Future Guarantors. 

(a) The Parent shall cause (i) each Wholly Owned Subsidiary (other than any Excluded Subsidiary) that is formed or acquired following
the Issue Date and (ii) any other Restricted Subsidiary of the Parent that guarantees any Capital Market Indebtedness of the Company or any Guarantor to execute and deliver to the Trustee within 30 days of the event

  
 -95- 

 
pursuant to which such obligation has arisen a supplemental indenture to this Indenture, substantially in the form of Exhibit E hereto, pursuant to which such Restricted Subsidiary shall
fully and unconditionally Guarantee, on a joint and several basis, the full and prompt payment of the principal of, premium, if any, and interest in respect of the Notes and all other obligations under this Indenture, on the terms set forth in
Article X. In addition, the Parent may cause any Restricted Subsidiary that is not a Guarantor so to guarantee payment of the Notes and become a Guarantor. 

SECTION 3.11. Effectiveness of Covenants. 

(a) After the Issue Date, following the first day: (i) the Notes have an Investment Grade Rating from two Rating Agencies; and
(ii) no Default has occurred and is continuing under this Indenture; the Parent and its Restricted Subsidiaries shall not be subject to Sections 3.3, 3.4, 3.6, 3.7, 3.8, 3.10 and 4.1(a)(iv)
(collectively, the “Suspended Covenants”). Additionally, upon the commencement of a Suspension Period (as defined below), the amount of Excess Proceeds will be reset to zero. 

(b) If at any time the Notes’ credit rating is downgraded from an Investment Grade Rating by at least two Rating Agencies, then the
Suspended Covenants shall thereafter be reinstated as if such covenants had never been suspended (the “Reinstatement Date”) and be applicable pursuant to the terms of this Indenture (including in connection with performing any
calculation or assessment to determine compliance with the terms of this Indenture), unless and until the Notes subsequently attain an Investment Grade Rating and no Default or Event of Default is in existence (in which event the Suspended Covenants
shall no longer be in effect for such time that the Notes maintain an Investment Grade Rating); provided, however, that no Default, Event of Default or breach of any kind shall be deemed to exist or have occurred under this Indenture,
the Notes or the Guarantees with respect to the Suspended Covenants based on, and none of the Parent or any of its Subsidiaries shall bear any liability for, any actions taken or events occurring during the Suspension Period (as defined below), or
any actions taken at any time pursuant to any contractual obligation arising prior to the Reinstatement Date, regardless of whether such actions or events would have been permitted if the applicable Suspended Covenants remained in effect during such
period. The period of time between the date of suspension of the covenants and the Reinstatement Date is referred to as the “Suspension Period”. 

(c) On the Reinstatement Date, all Indebtedness Incurred during the Suspension Period will be deemed to have been outstanding on the Issue
Date, so that it is classified as permitted under Section 3.3(b)(v). In addition, for purposes of Section 3.8 hereof, all agreements and arrangements entered into by the Parent and any Restricted
Subsidiary with an Affiliate of the Parent during the Suspension Period prior to such Reinstatement Date will be deemed to have been entered into on or prior to the Issue Date and for purposes of Section 3.6 hereof all
contracts entered into during the Suspension Period prior to such Reinstatement Date that contain any of the restrictions contemplated by such covenant will be deemed to have been existing on the Issue Date. Calculations made after the Reinstatement
Date of the amount available to be made as Restricted Payments under Section 3.4 hereof will be made as though 

  
 -96- 

 
such Section 3.4 had been in effect since the Issue Date and prior to, but not during, the Suspension Period. Accordingly, Restricted Payments made during the Suspension
Period will reduce the amount available to be made as Restricted Payments under such Section 3.4. 
 (d) During
any period when the Suspended Covenants are suspended, the Board of Directors of the Parent may not designate any of the Parent’s Subsidiaries as Unrestricted Subsidiaries pursuant to this Indenture, unless such designation would have complied
with Section 3.4 hereof as if such Section 3.4 would have been in effect during such period. 

(e) The Company shall deliver to the Trustee an Officer’s Certificate notifying the Trustee of any Reinstatement Date or the
commencement of any Suspension Period and certifying that such suspension or reinstatement complied with the foregoing provisions, and in no event shall the Trustee be charged with the knowledge of such Suspension Period or Reinstatement Date,
except to the extent that a Trust Officer has received such Officer’s Certificate. In the case of a Suspension Period such notice shall list the Suspended Covenants. 

(f) On and after each Reinstatement Date, the Parent and its Subsidiaries may consummate any transactions contemplated by any contract or
arrangement entered into in good faith during the Suspension Period, so long as such contract and such consummation would have been permitted during such Suspension Period. 

SECTION 3.12. Compliance Certificate. The Company shall deliver to the Trustee within 120 days after the end of each fiscal year of
the Parent an Officer’s Certificate signed by the principal executive officer, the principal financial officer or the principal accounting officer stating whether or not the signers know of any Default or Event of Default that occurred during
such period. If they do, the certificate shall describe the Default or Event of Default and its status. 
 SECTION 3.13. Statement by
Officers as to Default. The Parent shall deliver to the Trustee, within 30 days after the knowledge thereof if such event is still continuing, written notice in the form of an Officer’s Certificate of any Event of Default or any event
which, with notice or the lapse of time or both, would constitute an Event of Default under Section 6.1(a)(i), (ii), (iii), (iv), (v), (viii) or (ix), which shall include their
status. 
 ARTICLE IV 

Successor Company and Successor Guarantor 

SECTION 4.1. When Company May Merge or Otherwise Dispose of Assets. 

(a) Neither the Company nor the Parent shall consolidate with or merge with or into (whether or not the Company or the Parent is the
surviving entity), or sell, assign, convey, transfer, lease or otherwise dispose of all or substantially all of the properties and assets of the Parent and its Restricted Subsidiaries, taken as a whole, in one or more related transactions, to, any
Person unless: 

  
 -97- 

 (i) if other than the Company or the Parent, as applicable, the resulting,
surviving or transferee Person (the “Successor Company”) shall be a corporation, partnership or limited liability company organized and existing under the laws of the United States of America, any State of the United States, the
District of Columbia or any territory thereof (and, in the case of the Parent, Bermuda or the Cayman Islands); 
 (ii) the
Successor Company (if other than the Company or the Parent) and, in the case of a Successor Company that is not a corporation, a corporate co-issuer, assumes all of the obligations of the Company under the
Notes and this Indenture or the Parent under its Guarantee and this Indenture, as applicable, pursuant to a supplemental indenture or other documentation executed and delivered to the Trustee; 

(iii) immediately after giving effect to such transaction (and treating any Indebtedness which becomes an obligation of the
Company, the Parent, the Successor Company or any Restricted Subsidiary as a result of such transaction as having been Incurred by the Parent, the Successor Company or such Restricted Subsidiary at the time of such transaction), no Default or Event
of Default shall have occurred and be continuing; 
 (iv) immediately after giving pro forma effect to such
transaction and any related financing transactions, as if such transactions had occurred as of the last day of the applicable fiscal quarter; 

(A) the Parent or the Successor Company of the Parent, as applicable, would be able to Incur at least $1.00 of additional
Indebtedness pursuant to Section 3.3(a) hereof; or 
 (B) the Debt to Total Capitalization Ratio
for the Parent and its Restricted Subsidiaries or the Successor Company and its Restricted Subsidiaries, as applicable, would be greater than the Debt to Total Capitalization Ratio immediately prior to such transaction; and 

(v) each Guarantor (unless it is the other party to the transactions above, in which case clause (i) of
Section 4.1(b) shall apply) shall have by supplemental indenture confirmed that its Guarantee shall apply to such Person’s obligations in respect of this Indenture and the Notes. 

(b) Without compliance with Sections 4.1(a)(iii) and (iv): 

(i) any Restricted Subsidiary may consolidate with, merge with or into or transfer all or part of its properties and assets to
the Company or a Guarantor so long as no Capital Stock of the Restricted Subsidiary is distributed to any Person other than the Company or a Guarantor, and 

(ii) the Company or the Parent, as the case may be, may merge with an Affiliate of the Company or the Parent, as the case may
be, solely for the purpose of 

  
 -98- 

 
reincorporating the Company or the Parent, as the case may be, in another jurisdiction to realize tax or other benefits, so long as the amount of Indebtedness of the Parent and its Restricted
Subsidiaries is not increased thereby. 
 (c) Upon satisfaction of the conditions set forth in Section 4.1(a) or
4.1(b), as applicable, the Company shall be released from its obligations under this Indenture and the Successor Company shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture,
but, in the case of a lease of all or substantially all its assets, the predecessor Company will not be released from the obligation to pay the principal of and interest on the Notes. 

(d) Solely for the purpose of computing amounts under Sections 3.4(a)(3)(A), (a)(3)(B), (a)(3)(C) and (a)(3)(D),
the Successor Company shall only be deemed to have succeeded and be substituted for the Parent with respect to periods subsequent to the effective time of such merger, consolidation, combination or transfer of assets. 

SECTION 4.2. When a Subsidiary Guarantor May Merge or Otherwise Dispose of Assets. 

(a) The Parent shall not permit any Subsidiary Guarantor to consolidate with or merge with or into (whether or not the Subsidiary Guarantor
is the surviving entity), or sell, assign, convey, transfer, lease, convey or otherwise dispose of all or substantially all of its properties and assets, in one or more related transactions, to any Person (other than to the Company or another
Guarantor), unless: 
 (i) if such entity remains a Subsidiary Guarantor, (A) the resulting, surviving or
transferee Person (the “Successor Guarantor”) shall be a corporation, partnership, trust or limited liability company organized and existing under the laws of the United States of America, any State of the United States, the
District of Columbia or any other territory thereof (and, in the case of the Intermediate Guarantor, Bermuda or the Cayman Islands); (B) the Successor Guarantor, if other than such Subsidiary Guarantor, expressly assumes in writing by supplemental
indenture (and other applicable documents), executed and delivered to the Trustee all the obligations of such Subsidiary Guarantor under the Subsidiary Guarantee and this Indenture and (C) immediately after giving effect to such transaction
(and treating any Indebtedness which becomes an obligation of the Successor Guarantor or any Restricted Subsidiary as a result of such transaction as having been Incurred by the Successor Guarantor or such Restricted Subsidiary at the time of such
transaction), no Default or Event of Default shall have occurred and be continuing; and 
 (ii) if such transaction
constitutes an Asset Disposition, the transaction is made in compliance with Section 3.7 hereof (it being understood that only such portion of the Net Available Cash as is required to be applied on the date of such
transaction in accordance with the terms of this Indenture needs to be applied in accordance therewith at such time), to the extent applicable. 

  
 -99- 

 (b) Notwithstanding the foregoing, any Subsidiary Guarantor may (i) merge with or into or
transfer all or part of its properties and assets to the Company or another Guarantor or (ii) merge with a Restricted Subsidiary of the Parent solely for the purpose of reincorporating the Subsidiary Guarantor in a State of the United States or
the District of Columbia (and, in the case of the Intermediate Guarantor, Bermuda or the Cayman Islands), as long as the amount of Indebtedness of the Parent and its Restricted Subsidiaries is not increased thereby. 

(c) Upon satisfaction of the conditions set forth in Section 4.2(a) or (b), the Parent or applicable
Subsidiary Guarantor shall be released from its obligations under this Indenture and its Guarantee and the Successor Guarantor shall succeed to, and be substituted for, and may exercise every right and power of, a Subsidiary Guarantor under this
Indenture, but, in the case of a lease of all or substantially all its assets, a Subsidiary Guarantor will not be released from its obligations under its Subsidiary Guarantee. 

ARTICLE V 
 Redemption of Notes

 SECTION 5.1. Applicability of Article. Notes of or within any series that are redeemable in whole or in part before their
Stated Maturity shall be redeemable in accordance with their terms and (except as otherwise specified for Notes of any series in the applicable Notes Supplemental Indenture, as contemplated by Section 2.2) in accordance
with this Article V. 
 SECTION 5.2. Right of Redemption. 

(a) Notes of any series may be redeemed, in whole at any time, or in part from time to time, subject to the conditions and in accordance with
the provisions set forth in paragraph 6 of the applicable Notes Supplemental Indenture, which are hereby incorporated by reference and made a part of this Indenture. 

(b) In connection with any redemption of Notes (including with the Net Cash Proceeds of an Equity Offering), any such redemption may, at the
Company’s discretion, be subject to one or more conditions precedent, including, but not limited to, consummation of any Equity Offering, incurrence of Indebtedness, or acquisition, merger or consolidation. In addition, if such redemption or
notice is subject to satisfaction of one or more conditions precedent, such notice shall state that, in the Company’s discretion, the redemption date may be delayed until such time as any or all such conditions shall be satisfied (or waived by
the Company in its sole discretion), or such redemption may not occur and such notice may be rescinded (by the Company in its sole discretion) in the event that any or all such conditions shall not have been satisfied (or waived by the Company in
its sole discretion) by the redemption date, or by the redemption date so delayed. 

  
 -100- 

 SECTION 5.3. Election to Redeem; Notice to Trustee of Optional Redemptions. If the
Company elects to redeem Notes pursuant to paragraph 6 of the applicable Notes Supplemental Indenture, the Company shall furnish to the Trustee, at least 5 Business Days (or such shorter period as the Trustee may agree) before notice of redemption
is required to be mailed or caused to be mailed to Holders pursuant to Section 5.5, an Officer’s Certificate setting forth (a) the paragraph or subparagraph of such Note and/or Section of this Indenture and or
Notes Supplemental Indenture pursuant to which the redemption shall occur, (b) the Redemption Date, (c) the principal amount of the Notes to be redeemed and (d) the redemption price. The Company shall deliver to the Trustee such
documentation and records as shall enable the Trustee to select the Notes to be redeemed pursuant to Section 5.4. 

SECTION 5.4. Selection by Trustee of Notes to Be Redeemed. Unless otherwise specified for Notes of any series in the applicable Notes
Supplemental Indenture as contemplated by Section 2.2, in the case of any partial redemption, selection of the Notes for redemption will be made by the Trustee in compliance with the requirements of the principal national
securities exchange, if any, on which the Notes are listed or, if the Notes are not listed, then on as nearly a pro rata basis as possible or by lot or such other similar method in accordance with the Applicable Procedures (subject to such
rounding as may be necessary so that Notes are redeemed in whole increments of $1,000 and no Note of $2,000 in principal amount or less shall be redeemed in part), and in accordance with the Applicable Procedures. If any Note is to be redeemed in
part only, the notice of redemption relating to such Note will state the portion of the principal amount thereof to be redeemed. A new Note in principal amount equal to the unredeemed portion thereof will be issued in the name of the Holder thereof
upon cancellation of the original Note in accordance with Section 5.8. 
 The Trustee shall promptly notify the
Company in writing of the Notes selected for redemption and, in the case of any Notes selected for partial redemption, the principal amount thereof to be redeemed. 

For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to redemption of Notes shall relate, in
the case of any Note redeemed or to be redeemed only in part, to the portion of the principal amount of such Note which has been or is to be redeemed. 

SECTION 5.5. Notice of Redemption. Unless otherwise specified for Notes of any series in the applicable Notes Supplemental Indenture
as contemplated by Section 2.2, the Company shall mail or cause to be mailed by first class mail, a notice of redemption to each Holder whose Notes are to be redeemed at its registered address or in accordance with the
applicable procedures of DTC not less than 15 nor more than 60 days prior to a date fixed for redemption (a “Redemption Date”), to each Holder of Notes to be redeemed; provided, however, that redemption notices may be
mailed more than 60 days prior to a Redemption Date if the notice is issued in connection with Article VIII. At the Company’s written request, the Trustee shall give notice of redemption in the Company’s name and at the
Company’s expense; provided that the Company shall have delivered to the Trustee, at least 5 Business Days (or such shorter period as the Trustee may agree) before notice of redemption is required to be mailed or caused 

  
 -101- 

 
to be mailed to Holder pursuant to this Section 5.5 (unless a shorter notice shall be agreed to by the Trustee), an Officer’s Certificate requesting that the
Trustee give such notice and setting forth the information to be stated in such notice as provided in the following paragraph. 

All notices of redemption shall be prepared by the Company and shall state: 

(a) the Redemption Date, 

(b) the redemption price, if then determinable, and if not, then a method for determination, and the amount of accrued
interest, if any, to, but excluding, the Redemption Date payable as provided in Section 5.7, if any, 

(c) if less than all outstanding Notes are to be redeemed, the identification of the particular Notes (or portion thereof) to
be redeemed, as well as the aggregate principal amount of Notes to be redeemed and the aggregate principal amount of Notes to be outstanding after such partial redemption, 

(d) in case any Note is to be redeemed in part only, the notice which relates to such Note shall state that on and after the
Redemption Date, upon surrender of such Note, the Holder shall receive, without charge, a new Note or Notes of authorized denominations for the principal amount thereof remaining unredeemed, 

(e) that on the Redemption Date the redemption price (and accrued interest, if any, to, but excluding, the Redemption Date
payable as provided in Section 5.7) shall become due and payable upon each such Note, or the portion thereof, to be redeemed, and, unless the Company defaults in making the redemption payment, that interest on Notes called
for redemption (or the portion thereof) shall cease to accrue on and after said date, 
 (f) the place or places where such
Notes are to be surrendered for payment of the redemption price and accrued interest, if any, 
 (g) the name and address of
the Paying Agent, 
 (h) that Notes called for redemption must be surrendered to the Paying Agent to collect the redemption
price, 
 (i) the CUSIP number, and that no representation is made as to the accuracy or correctness of the CUSIP number, if
any, listed in such notice or printed on the Notes, and 
 (j) the Section of this Indenture pursuant to which the Notes are
to be redeemed. 
 SECTION 5.6. Deposit of Redemption Price. By no later than 12:00 p.m. (New York City time) on the Redemption
Date, the Company shall deposit with the Trustee or 

  
 -102- 

 
with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 2.5) an amount of money sufficient to pay
the redemption price of, and accrued interest on, all the Notes which are to be redeemed on that date. The Trustee or the Paying Agent shall promptly return to the Company any money deposited with the Trustee or the Paying Agent by the Company in
excess of the amounts necessary to pay the redemption price. 
 SECTION 5.7. Notes Payable on Redemption Date. Notice of redemption
having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, become due and payable at the redemption price therein specified (together with accrued interest, if any, to, but excluding, the Redemption Date) (except as
provided for in Section 5.2(b)) and from and after such date (unless the Company shall default in the payment of the redemption price and accrued interest) such Notes shall cease to bear interest. Upon surrender of any such
Note for redemption in accordance with said notice, such Note shall be paid by the Company at the redemption price, together with accrued interest, if any, to, but excluding, the Redemption Date (subject to the rights of Holders of record on the
relevant Record Date to receive interest due on the relevant Interest Payment Date). 
 If any Note called for redemption shall not be so
paid upon surrender thereof for redemption, the principal (and premium, if any) shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes. 

If a Redemption Date is on or after a Record Date and on or before the related Interest Payment Date, the accrued and unpaid interest, if
any, shall be paid to the Person in whose name the Note is registered at the close of business on such Record Date, and no additional interest shall be payable to Holders whose Notes shall be subject to redemption by the Company. 

SECTION 5.8. Notes Redeemed in Part. Any Note which is to be redeemed only in part (pursuant to the provisions of this Article) shall
be surrendered at the office or agency of the Company maintained for such purpose pursuant to Section 2.4 (with, if the Company so requires, due endorsement by, or a written instrument of transfer in form satisfactory to
the Company duly executed by, the Holder thereof or such Holder’s attorney duly authorized in writing), and the Company shall execute, and, upon receipt of an Authentication Order, the Trustee shall authenticate and make available for delivery
to the Holder of such Note at the expense of the Company, a new Note or Notes, of any authorized denomination as requested by such Holder, in an aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the
Note so surrendered, provided that each such new Note shall be in a minimum principal amount of $2,000 and integral multiples of $1,000 in excess thereof. 

SECTION 5.9. Redemption for Changes in Taxes The Company may redeem the Notes, in whole but not in part, at any time upon giving not
less than 15 nor more than 60 days’ prior notice to the Holders (which notice will be given in accordance with this Article V, at a redemption price equal to 100% of the principal amount thereof, together with accrued and unpaid interest, if
any, to the date fixed by the Company for redemption (a “Tax Redemption Date”) and all Additional Amounts (if any) then due and that will become due on the Tax Re- 

  
 -103- 

 
demption Date as a result of the redemption or otherwise (subject to the right of Holders on the relevant record date to receive interest due on an Interest Payment Date that is prior to the Tax
Redemption Date and Additional Amounts (if any) in respect thereof), if on the next date on which any amount would be payable in respect of the Guarantees, the relevant Foreign Guarantor is or would be required to pay Additional Amounts, the payment
giving rise to such requirement cannot be made by the Company or another Guarantor without the obligation to pay Additional Amounts, and the relevant Foreign Guarantor cannot avoid any such payment obligation taking reasonable measures available, as
a result of: 
 (1) any change in, or amendment to or the laws (or any regulations, protocols or rulings promulgated
thereunder) of the relevant Tax Jurisdiction affecting taxation which change or amendment has not been publicly announced before and which becomes effective on or after the date of this Offering Memorandum (or, if the relevant Tax Jurisdiction was
not a Tax Jurisdiction on the Issue Date, the date on which such Tax Jurisdiction became a Tax Jurisdiction under the Indenture); or 

(2) any change in, or amendment to, the existing official written position or the introduction of a written official position
regarding the application, administration or interpretation of such laws, regulations or rulings (including a holding, judgment or order by a court of competent jurisdiction or a change in published administrative practice), which change, amendment,
application or interpretation has not been publicly announced and becomes effective on or after the date of this Offering Memorandum (or, if the relevant Tax Jurisdiction was not a Tax Jurisdiction on the Issue Date, the date on which such Tax
Jurisdiction became a Tax Jurisdiction under the Indenture). 
 The Company will not give any such notice of redemption earlier than 30
days prior to the earliest date on which the relevant Foreign Guarantor would be obligated to make such payment or withholding if a payment in respect of the Notes or the Guarantees were then due, and unless at the time such notice is given, the
obligation to pay Additional Amounts remains in effect. 
 Prior to the publication or, where relevant, mailing of any notice of redemption
of the Notes pursuant to the foregoing, the Company will deliver the trustee an Opinion of Counsel to the effect that there has been such change or amendment which would entitle the relevant Foreign Guarantor to redeem the Notes hereunder. In
addition, before the Company publishes or mails notice of redemption of the Notes as described above, it will deliver to the trustee an Officer’s Certificate to the effect that the obligation to pay Additional Amounts cannot be avoided by the
relevant Foreign Guarantor (but, in the case of a Guarantor, only if the payment giving rise to such requirement cannot be made by the Company or another Guarantor without the obligation to pay Additional Amounts) taking reasonable measures
available to it. 
 The Trustee will accept such Officer’s Certificate and Opinion of Counsel as sufficient evidence of the existence
and satisfaction of the conditions precedent as described above, in which event it will be conclusive and binding on the Holders of the Notes. 

  
 -104- 

 ARTICLE VI 

Defaults and Remedies 

SECTION 6.1. Events of Default. 

(a) Each of the following is an event of default (an “Event of Default”): 

(i) default in any payment of interest on any Note when the same becomes due, and the such default continues for a period of
30 days; 
 (ii) default in the payment of principal of or premium, if any, on any Note when the same becomes due at its
Stated Maturity, upon optional redemption, upon required repurchase, upon declaration of acceleration or otherwise; 
 (iii)
failure by the Company or the Parent to comply with its obligations under Section 3.9 hereof or Article IV hereof; 

(iv) failure by the Company or any Guarantor to comply for 60 days after written notice as provided below with any of its
obligations under the Notes or this Indenture (except as contained in clauses (a)(i) through (a)(iii) of this Section 6.1); provided that, such 60-day period shall
instead be 180 days with respect to defaults under Section 3.1. 
 (v) the Parent or any of its
Restricted Subsidiaries defaults under any mortgage, indenture or instrument under which there is issued or by which there is secured or evidenced any Indebtedness for money borrowed by the Parent or any of its Restricted Subsidiaries (or the
payment of which is guaranteed by the Parent or any of its Restricted Subsidiaries), other than Indebtedness owed to the Parent or a Restricted Subsidiary, whether such Indebtedness or Guarantee now exists, or is created after the Issue Date, which
default: 
 (A) is caused by a failure to pay principal on such Indebtedness at its final stated maturity within the grace
period provided in the agreements or instruments governing such Indebtedness (“payment default”); or 

(B) results in the acceleration of such Indebtedness prior to its stated final maturity; 

and, in each case, the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness under
which there has been a payment default or the maturity of which has been so accelerated, aggregates $75.0 million or more (or its foreign currency equivalent); 

  
 -105- 

 (vi) the Company, the Parent or a Significant Subsidiary or group of Restricted
Subsidiaries that, taken together (as of the date of the latest audited consolidated financial statements for the Parent and its consolidated Subsidiaries), would constitute a Significant Subsidiary pursuant to or within the meaning of any
Bankruptcy Law (as defined below): 
 (A) commences a voluntary case or proceeding with respect to itself; 

(B) consents to the entry of an order for relief against it in an involuntary case or proceeding; 

(C) consents to the appointment of a Custodian (as defined below) of it or for substantially all of its property; or 

(D) makes a general assignment for the benefit of its creditors; 

or takes any comparable action under any foreign laws relating to insolvency; 

(vii) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(A) is for relief against the Company, the Parent or any Significant Subsidiary or a group of Restricted Subsidiaries that,
taken together (as of the date of the latest audited financial statements for the Parent and its consolidated Subsidiaries), would constitute a Significant Subsidiary, in an involuntary case; 

(B) appoints a Custodian of the Parent, the Company, any Significant Subsidiary or a group of Restricted Subsidiaries that,
taken together (as of the date of the latest audited financial statements for the Company and its consolidated Subsidiaries), would constitute a Significant Subsidiary, for any substantial part of its property; or 

(C) orders the winding up or liquidation of the Parent, the Company, any Significant Subsidiary or a group of Restricted
Subsidiaries that, taken together (as of the date of the latest audited financial statements for the Company and its consolidated Subsidiaries), would constitute a Significant Subsidiary; 

and the order or decree remains unstayed and in effect for any period of 60 consecutive days; 

(viii) failure by the Company, the Parent or any Significant Subsidiary or group of Restricted Subsidiaries that, taken
together (as of the date of the latest audited consolidated financial statements for the Parent and its consolidated Subsidiaries), would constitute a Significant Subsidiary to pay final and non-appealable
judgments aggregating in excess of $75.0 million (or its foreign currency equivalent) (net of any amounts that are covered by insurance), which judgments remain unsatisfied or undischarged for any

  
 -106- 

 
period of 60 consecutive days during which a stay of enforcement of such judgments shall not be in effect; and 

(ix) any Guarantee of the Parent, the Intermediate Guarantor or a Significant Subsidiary or group of Restricted Subsidiaries
that taken together (as of the date of the latest audited consolidated financial statements for the Parent and its consolidated Subsidiaries), would constitute a Significant Subsidiary ceases to be in full force and effect (except as contemplated by
the terms of this Indenture and the Guarantees) or is declared null and void in a judicial proceeding or any Guarantor that is the Parent, the Intermediate Guarantor or a Significant Subsidiary or group of Subsidiary Guarantors that, taken together
(as of the date of the latest audited consolidated financial statements of the Company and its consolidated Subsidiaries) would constitute a Significant Subsidiary denies or disaffirms its obligations under this Indenture or its Guarantee, and the
Parent fails to cause such Restricted Subsidiary or Restricted Subsidiaries, as the case may be, to rescind such denials or disaffirmations within 30 days. 

The foregoing shall constitute Events of Default whatever the reason for any such Event of Default and whether it is voluntary or involuntary
or is effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body. 

Notwithstanding the foregoing, a default under clause (iv) of this Section 6.1(a) shall not constitute
an Event of Default until the Trustee or the Holders of at least 30% in principal amount of the then outstanding Notes notify the Parent or the Company of the default and the Parent or the Company does not cure such default within the time specified
in clause (iv) of this Section 6.1(a) after receipt of such notice. Such notice must specify the Default, demand that it be remedied and state that such notice is a “Notice of Default.” 

The term “Bankruptcy Law” means Title 11, United States Code, or any similar Federal or state law for the relief of debtors.
The term “Custodian” means any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law. 

SECTION 6.2. Acceleration . If an Event of Default (other than an Event of Default specified in
Section 6.1(a)(vi) or (vii) with respect to the Company or the Parent) occurs and is continuing, unless otherwise specified for Notes of any series in the applicable Notes Supplemental Indenture as contemplated
by Section 2.2, the Trustee by notice in writing specifying the Event of Default and that it is a “notice” to the Company or the Parent, or the Holders of at least 30% in principal amount of the then outstanding
Notes by notice to the Company or the Parent and the Trustee, may, and the Trustee at the request of such Holders shall, declare the principal of, premium, if any, and accrued and unpaid interest, if any, on all the Notes to be due and payable. Upon
such a declaration, such principal, premium, if any, and accrued and unpaid interest, if any, shall, subject to Section 6.4, be immediately due and payable. In the event of a declaration of acceleration of the Notes because
an Event of Default set forth in Section 6.1(a)(v) above has occurred and is continuing, unless otherwise specified for Notes of any series in the applicable Notes Supplemental Indenture as contemplated by
Section 2.2, such 

  
 -107- 

 
declaration of acceleration of the Notes shall be automatically rescinded and annulled if the default triggering such Event of Default pursuant to Section 6.1(a)(v)
shall be remedied or cured by the Company, the Parent or a Restricted Subsidiary, as applicable, or waived by the holders of the relevant Indebtedness within 30 days after the declaration of acceleration with respect thereto and if (1) the
annulment of the acceleration of the Notes would not conflict with any judgment or decree of a court of competent jurisdiction and (2) all existing Events of Default, except nonpayment of principal, premium or interest, if any, on the Notes
that became due solely because of the acceleration of the Notes, have been cured or waived. If an Event of Default specified in Section 6.1(a)(vi) or (vii) with respect to the Company or the Parent occurs and is
continuing, unless otherwise specified for Notes of any series in the applicable Notes Supplemental Indenture as contemplated by Section 2.2, the principal of, premium, if any, and accrued and unpaid interest, if any, on
all the Notes shall become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. 

SECTION 6.3. Other Remedies . If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect
the payment of principal of or interest on the Notes or to enforce the performance of any provision of the Notes, this Indenture (including sums owed to the Trustee and its agents and counsel) and the Guarantees. 

The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the proceeding. A delay
or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy is exclusive of any other
remedy. All available remedies are cumulative to the extent permitted by law. 
 SECTION 6.4. Waiver of Past Defaults . Unless
otherwise specified for Notes of any series in the applicable Notes Supplemental Indenture as contemplated by Section 2.2, the Holders of a majority in principal amount outstanding (including without limitation, consents
obtained in connection with a purchase of, or tender offer or exchange offer for, notes) Notes by notice to the Trustee may waive an existing Default or Event of Default and its consequences (except a Default or Event of Default in the payment of
the principal of, premium or interest on a Note) and rescind any such acceleration with respect to the Notes and its consequences if (1) rescission would not conflict with any judgment or decree of a court of competent jurisdiction and
(2) all existing Events of Default, other than the nonpayment of the principal of, premium, if any, and interest on the Notes that have become due solely by such declaration of acceleration, have been cured or waived. 

SECTION 6.5. Control by Majority . Unless otherwise specified for Notes of any series in the applicable Notes Supplemental Indenture
as contemplated by Section 2.2, the Holders of a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the
Trustee or of exercising any trust or power conferred on the Trustee. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture, the Notes or the Guarantees, or, subject to Sections 7.1 and 7.2,
that the Trustee determines in good faith is 

  
 -108- 

 
unduly prejudicial to the rights of other Holders or would involve the Trustee in personal liability (it being understood that the Trustee does not have an affirmative duty to ascertain whether
or not any such directions are unduly prejudicial to such Holders),; provided, however, that the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction. Prior to taking any action
under this Indenture, the Trustee shall be entitled to indemnity satisfactory to it in its sole discretion against all losses, liabilities and expenses caused by taking or not taking such action. 

SECTION 6.6. Limitation on Suits. Except to enforce the right to receive payment of principal, premium, if any, or interest when due,
no Holder may pursue any remedy with respect to this Indenture, the Notes or the Guarantees unless: 
 (i) the Holder has
previously given to the Trustee written notice stating that an Event of Default is continuing; 
 (ii) the Holders of at
least 30% in principal amount of the Notes then outstanding have made a written request to the Trustee to pursue the remedy; 

(iii) such Holder or Holders have offered to the Trustee security or indemnity satisfactory to the Trustee against any loss,
liability or expense; 
 (iv) the Trustee has not complied with the request within 60 days after receipt of the request and
the offer of security or indemnity; and 
 (v) the Holders of a majority in principal amount of the then outstanding Notes
do not give the Trustee a direction that is inconsistent with the request during such 60-day period. 

A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it
being understood that the Trustee does 
 not have an affirmative duty to ascertain whether or not such actions or forbearances are unduly prejudicial to
such Holders). 
 SECTION 6.7. Rights of Holders to Receive Payment. Notwithstanding any other provision of this Indenture, the
right of any Holder to receive payment of principal of, premium (if any) or interest on the Notes held by such Holder, on or after the respective due dates expressed in the Notes, or to bring suit for the enforcement of any such payment on or after
such respective dates, shall not be impaired or affected without the consent of such Holder. 
 SECTION 6.8. Collection Suit by
Trustee. If an Event of Default specified in Section 6.1(a)(i) or (ii) occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company for
the whole amount then due and owing (together with interest on any unpaid interest to the extent lawful) and the amounts provided for in Section 7.6. 

  
 -109- 

 SECTION 6.9. Trustee May File Proofs of Claim. The Trustee may file such proofs of claim
and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee and its agents and counsel) and the
Holders allowed in any judicial proceedings relative to the Company, its Subsidiaries or their respective creditors or properties and, unless prohibited by law or applicable regulations, may vote on behalf of the Holders in any election of a trustee
in bankruptcy or other Person performing similar functions, and any Custodian in any such judicial proceeding is hereby authorized by each Holder to make payments to the Trustee and, in the event that the Trustee shall consent to the making of such
payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and its counsel, and any other amounts due the Trustee under
Section 7.6. To the extent that the payment of any such compensation, expenses, disbursements and advances of the Trustee, either agents and counsel, and any other amounts due to the Trustee under
Section 7.6 hereof out of the estate in any proceeding shall be denied for any reason, payment of the same shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and
other properties that the Holder may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or
consent to or accept or adopt on behalf of any Holder any plan or reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any
Holder in such proceeding. 
 SECTION 6.10. Priorities. The Trustee shall pay out any money or property received by it in the
following order: 
 First: to the Trustee for amounts due to each of them under this Indenture; 

Second: to Holders for amounts due and unpaid on the Notes for principal, premium, if any, and interest, ratably, without
preference or priority of any kind, according to the amounts due and payable on the Notes for principal, premium, if any, and interest, respectively; and 

Third: to the Company or, to the extent the Trustee receives any amount for any Guarantor, to such Guarantor, or as a court of
competent jurisdiction shall direct. 
 The Trustee may fix a record date and payment date for any payment to Holders pursuant to this
Section. At least 15 days before such record date, the Company shall mail to each Holder and the Trustee a notice that states the record date, the payment date and amount to be paid. 

SECTION 6.11. Undertaking for Costs. In any suit for the enforcement of any right or remedy under this Indenture or in any suit
against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess 

  
 -110- 

 
reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by
the party litigant. This Section does not apply to a suit by the Trustee, a suit by the Company, a suit by a Holder pursuant to Section 6.7 or a suit by Holders of more than 10% in outstanding principal amount of the Notes.

 ARTICLE VII 
 Trustee

 SECTION 7.1. Duties of Trustee. 

(a) If an Event of Default has occurred and is continuing, the Trustee shall exercise the rights and powers vested in it by this Indenture
and use the same degree of care and skill in their exercise as a prudent Person would exercise or use under the circumstances in the conduct of such Person’s own affairs; provided that if an Event of Default occurs and is continuing, the
Trustee shall be under no obligation to exercise any of the rights or powers under this Indenture, the Notes or the Guarantees at the request or direction of any of the Holders unless such Holders have offered the Trustee indemnity or security
satisfactory to the Trustee in its sole discretion, as applicable, against loss, liability or expense. 
 (b) Except during the continuance
of an Event of Default: 
 (i) the Trustee undertakes to perform such duties and only such duties as are specifically set
forth in this Indenture and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(ii) the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed
therein, upon certificates or opinions furnished to the Trustee under this Indenture, the Notes and the Guarantees, as applicable. However, in the case of any such certificates or opinions which by any provisions hereof are specifically required to
be furnished to the Trustee, the Trustee shall examine such certificates and opinions to determine whether or not they conform to the requirements of this Indenture, the Notes and the Guarantees, as the case may be (but need not confirm or
investigate the accuracy of mathematical calculations or other facts stated therein). 
 (c) The Trustee may not be relieved from liability
for its own grossly negligent action, its own grossly negligent failure to act or its own willful misconduct, except that: 

(i) this paragraph does not limit the effect of paragraph (b) of this Section; 

(ii) the Trustee shall not be liable for any error of judgment made in good faith by a Trust Officer or Trust Officers unless
it is proved in a final and non-appealable decision of a court of competent jurisdiction that the Trustee was grossly negligent in ascertaining the pertinent facts; 

  
 -111- 

 (iii) the Trustee shall not be liable with respect to any action it takes or
omits to take in good faith in accordance with a direction received by it pursuant to Section 6.5; and 
 (d) The
Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the Company. 
 (e)
Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 
 (f) No provision of
this Indenture, the Notes or the Guarantees shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or thereunder or in the exercise of any of its rights
or powers, if it shall have reasonable grounds to believe that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. The Trustee shall not be required to give any bond or surety in respect of
the performance of its powers or duties hereunder. 
 (g) Every provision of this Indenture relating to the conduct or affecting the
liability of or affording protection to the Trustee shall be subject to the provisions of this Section. 
 (h) The Trustee shall be under
no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders unless such Holders shall have offered to the Trustee, security, prefunding or indemnity satisfactory to it
against the costs, expenses (including reasonable attorneys’ fees and expenses) and liabilities that might be incurred by it in compliance with such request or direction. 

SECTION 7.2. Rights of Trustee. 

(a) The Trustee may conclusively rely and shall be protected in acting upon any resolution, certificate, statement, instrument, opinion,
notice, request, direction, consent, order, bond or any other paper or document believed by it to be genuine and to have been signed or presented by the proper Person or Persons. The Trustee need not investigate any fact or matter stated in the
document. 
 (b) Before the Trustee acts or refrains from acting, it may require an Officer’s Certificate or an Opinion of Counsel or
both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on an Officer’s Certificate or Opinion of Counsel. 

(c) The Trustee may act through its attorneys and agents and shall not be responsible for the misconduct or negligence of any agent or
attorney appointed with due care. 
 (d) The Trustee shall not be liable for any action it takes or omits to take in good faith which it
believes to be authorized or within its rights or powers; provided, however, that the Trustee’s conduct, respectively, does not constitute willful misconduct or gross 

  
 -112- 

 
negligence as determined in a final and non-appealable decision of a court of competent jurisdiction. 

(e) The Trustee may consult with counsel of its selection, and the advice or opinion of counsel with respect to legal matters relating to
this Indenture, the Notes or the Guarantees shall be full and complete authorization and protection from liability in respect to any action taken, omitted or suffered by it hereunder or under the Notes or the Guarantees in good faith and in
accordance with the advice or opinion of such counsel. 
 (f) The Trustee shall not be bound to make any investigation into any statement,
warranty or representation, or the facts or matters stated in any resolution, certificate, statement, instrument, opinion, notice, request, direction, consent, order, bond or other paper or document made or in connection with this Indenture;
moreover, the Trustee shall not be bound to make any investigation into (i) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein, (ii) the occurrence of any default, or the
validity, enforceability, effectiveness or genuineness of this Indenture or any other agreement, instrument or document or (iii) the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice,
request, direction, consent, order, bond, debenture, note other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit,
and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney and shall incur no liability or additional
liability of any kind by reason of such inquiry or investigation. 
 (g) The Trustee shall not be deemed to have knowledge of any Default
or Event of Default except any Default or Event of Default of which a Trust Officer shall have (x) received written notification from the Company or Holders at the Corporate Trust Office of the Trustee and such notice references the Notes and this
Indenture or (y) obtained “actual knowledge.” “Actual knowledge” shall mean the actual fact or statement of knowing by a Trust Officer without independent investigation with respect thereto. 

(h) In no event shall the Trustee be responsible or liable for special, indirect, punitive, or consequential loss or damage of any kind
whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 

(i) The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be
compensated, reimbursed and indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder. 

(j) The Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or titles of officers
authorized at such time to take specified actions pursuant to this Indenture. 

  
 -113- 

 (k) The permissive rights of the Trustee enumerated herein shall not be construed as duties. The
Trustee shall have no obligation to pursue any action that is not in accordance with applicable law. 
 (l) The Company shall provide
prompt written notice to the Trustee of any change to its fiscal year. 
 SECTION 7.3. Individual Rights of Trustee. The Trustee in
its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Company, the Guarantors or their Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent, Registrar, co-registrar or co-paying agent may do the same with like rights. However, the Trustee must comply with Section 7.9. In addition, the Trustee shall
be permitted to engage in transactions with the Company; provided, however, that if the Trustee acquires any conflicting interest the Trustee must (i) eliminate such conflict within 90 days of acquiring such conflicting interest,
(ii) apply to the SEC for permission to continue acting as Trustee or (iii) resign. 
 SECTION 7.4. Disclaimer. The
Trustee shall not be responsible for and makes no representation as to the validity or adequacy of this Indenture, the Notes or the Subsidiary Guarantees, it shall not be accountable for the Company’s use of the Notes or the proceeds from the
Notes, and it shall not be responsible for any statement of the Company in this Indenture or in any document issued in connection with the sale of the Notes or in the Notes other than the Trustee’s certificate of authentication or for the use
or application of any funds received by any Paying Agent other than the Trustee. 
 SECTION 7.5. Notice of Defaults. If a Default
occurs and is continuing and is known to the Trustee, the Trustee shall mail to each Holder, notice of the Default within 90 days after the Trustee obtains such knowledge. Except in the case of a Default in payment of principal of, premium, if any,
or interest on any Note, the Trustee may withhold from the Holders notice of any continuing Default if the Trustee determines in good faith that withholding the notice is in the interests of Holders. 

SECTION 7.6. Compensation and Indemnity. The Company shall pay to the Trustee from time to time such compensation for its services as
the parties shall agree in writing from time to time. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee upon request for all reasonable out-of-pocket expenses incurred or made by it, including, but not limited to, costs of collection, costs of preparing and reviewing reports, certificates and other documents,
costs of preparation and mailing of notices to Holders and reasonable costs of counsel, in addition to the compensation for its services. Such expenses shall include the reasonable compensation and expenses, disbursements and advances of the
Trustee’s agents, counsel, accountants and experts. The Company shall indemnify the Trustee or any predecessor Trustee in each of its capacities hereunder (including Paying Agent, and Registrar), and each of their officers, directors,
employees, counsel and agents, against any and all loss, liability or expense (including, but not limited to, reasonable attorneys’ fees and expenses) incurred by it in connection with the 

  
 -114- 

 
administration of this trust and the performance of its duties hereunder and under the Notes or the Guarantees, including the costs and expenses of enforcing this Indenture (including this
Section 7.6), the Notes or the Guarantees and of defending itself against any claims (whether asserted by any Holder, the Company or otherwise). The Trustee shall notify the Company promptly of any claim for which it may
seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee may have separate counsel and the Company shall pay the reasonable fees
and expenses of such counsel. The Company need not reimburse any expense or indemnify against any loss, liability or expense incurred by the Trustee through its own willful misconduct, gross negligence as determined in a final and non-appealable decision of a court of competent jurisdiction. 
 To secure the Company’s payment
obligations in this Section, the Trustee shall have a lien prior to the Notes on all money or property held or collected by the Trustee other than money or property held in trust to pay principal of and interest on particular Notes. The right of the
Trustee to receive payment of any amounts due under this Section 7.6 shall not be subordinate to any other liability or indebtedness of the Company. 

The Company’s payment obligations pursuant to this Section and any lien arising hereunder shall survive the discharge of this Indenture
and the resignation or removal of the Trustee. When the Trustee incurs expenses after the occurrence of a Default specified in Section 6.1(a)(vi) or (vii) with respect to the Company, the expenses are intended
to constitute expenses of administration under any Bankruptcy Law. 
 Pursuant to Section 10.1, the obligations
of the Company hereunder are jointly and severally guaranteed by the Guarantor. 
 The obligation of the Company under this
Section 7.6 shall survive satisfaction and discharge of this Indenture or the earlier resignation or removal of the Trustee. 

SECTION 7.7. Replacement of Trustee. The Trustee may resign at any time by so notifying the Company. The Holders of a majority in
principal amount of the Notes may remove the Trustee by so notifying the Company and the Trustee in writing and may appoint a successor Trustee. The Company shall remove the Trustee if:the Trustee fails to comply with  

Section 7.9; 

(ii) the Trustee is adjudged bankrupt or insolvent; 

(iii) a receiver or other public officer takes charge of the Trustee or its property; or 

(iv) the Trustee otherwise becomes incapable of acting. 

If the Trustee resigns or is removed by the Company or by the Holders of a majority in principal amount of the Notes and such Holders do not
reasonably promptly appoint a successor Trustee, or if a vacancy exists in the office of Trustee for any reason (the Trustee in 

  
 -115- 

 
such event being referred to herein as the retiring Trustee), the Company shall promptly appoint a successor Trustee. 

A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Thereupon the
resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee shall mail a notice of its succession to
Holders. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee, subject to the lien provided for in Section 7.6. 

If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee or the
Holders of at least 10% in principal amount of the Notes may petition, at the Company’s expense, any court of competent jurisdiction for the appointment of a successor Trustee. 

If the Trustee fails to comply with Section 7.9, unless the Trustee’s duty to resign is stayed, any Holder may
petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
 Notwithstanding
the replacement of the Trustee pursuant to this Section 7.7, the Company’s obligations under Section 7.6 shall continue for the benefit of the retiring Trustee. 

SECTION 7.8. Successor Trustee by Merger. If the Trustee consolidates with, merges or converts into, or transfers all or substantially
all its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation without any further act shall be the successor Trustee. 

In case at the time such successor or successors by merger, conversion or consolidation to the Trustee shall succeed to the trusts created by
this Indenture, any of the Notes shall have been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor trustee, and deliver such Notes so authenticated; and in case at that
time any of the Notes shall not have been authenticated, any successor to the Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor to the Trustee; and in all such cases such certificates
shall have the full force which it is anywhere in the Notes or in this Indenture provided that the certificate of the Trustee shall have. 

SECTION 7.9. Eligibility; Disqualification. The Trustee shall have a combined capital and surplus of at least $50.0 million as
set forth in its most recent filed annual report of condition. 

  
 -116- 

 ARTICLE VIII 

Discharge of Indenture; Defeasance 

SECTION 8.1. Discharge of Liability on Notes; Defeasance. 

(a) When (i) (x) all Notes that have been authenticated, except lost, stolen or destroyed Notes that have been replaced or paid and
Notes for whose payment money has been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, have been delivered to the Trustee for cancellation or (y) all
outstanding Notes not theretofore delivered to the Trustee for cancellation have become due and payable by reason of making a notice of redemption pursuant to Section 5.5 hereof or otherwise, or will become due and payable
within one year or may be called for redemption within one year under arrangements pursuant to Article V and the Parent, the Company or any Guarantor irrevocably deposits or causes to be deposited with the Trustee as trust funds in trust solely for
the benefit of the Holders in U.S. dollars, U.S. Government Obligations, or a combination thereof, in such amounts as shall be sufficient without consideration of any reinvestment of interest to pay and discharge the entire Indebtedness on such
Notes not theretofore delivered to the Trustee for cancellation for principal, premium, if any, and accrued interest to, but excluding, the date of maturity or redemption, as the case may be; provided that, with respect to any redemption
that requires the payment of the Applicable Premium, the amount deposited shall be sufficient for purposes of the Indenture to the extent that an amount is deposited with the Trustee equal to the Applicable Premium calculated as of the date of the
notice of redemption, with any deficit on the date of redemption (any such amount, the “Applicable Premium Deficit”) only required to be deposited with the Trustee on or prior to the date of redemption. Any Applicable Premium
Deficit shall be set forth in an Officer’s Certificate delivered to the Trustee simultaneously with the deposit of such Applicable Premium Deficit that confirms that such Applicable Premium Deficit shall be applied toward such redemption;
(ii) no Default or Event of Default shall have occurred and be continuing on the date of such deposit or shall occur as a result of such deposit (other than a default resulting from borrowing of funds to be applied to such deposit and the grant
of any Lien securing such borrowing); (iii) the Company or any Guarantor has paid or caused to be paid all sums payable by the Company on the date of deposit to the Trustee under this Indenture; and (iv) the Company has delivered irrevocable
instructions to the Trustee under this Indenture to apply the deposited money toward the payment of such Notes at maturity or the Redemption Date, as the case may be, then this Indenture shall, subject to Section 8.1(c),
cease to be of further effect. 
 (b) Subject to Sections 8.1(c) and 8.2, the Company at any time may at its option terminate
(i) all of the Company’s obligations under the Notes and this Indenture and have each Guarantor’s obligation discharged with respect to its Guarantee (“legal defeasance option”) or (ii) the
obligations of the Company and the Guarantors under Sections 3.2, 3.3, 3.4, 3.5, 3.6, 3.7, 3.8, 3.9, 3.10 and 3.11 and the operation of Sections 4.1(a)(iii) and (a)(iv) and Sections 6.1(a)(iii) (other than with
respect to any Default under Section 3.12 or 3.13), 6.1(a)(iv), 6.1(a)(v), 6.1(a)(vi) (only with respect to Significant Subsidiaries or a group of Restricted Subsidiaries that, taken together (as of the latest
audited financial statements of the Company and 

  
 -117- 

 
its consolidated Subsidiaries), 6.1(a)(vii) (only with respect to Significant Subsidiaries or a group of Restricted Subsidiaries that, taken together (as of the latest audited financial
statements of the Company and its consolidated Subsidiaries) and 6.1(a)(viii) (“covenant defeasance option”). The Company may exercise its legal defeasance option notwithstanding its prior exercise of its covenant defeasance
option. In the event that the Company terminates all of its obligations under the Notes and this Indenture (with respect to such Notes) by exercising its legal defeasance option or their covenant defeasance option, the obligations of each Guarantor
under its Guarantee of such Notes shall be terminated simultaneously with the termination of such obligations. 
 If the Company exercises
its legal defeasance option, payment of the Notes may not be accelerated because of an Event of Default. If the Company exercises its covenant defeasance option, payment of the Notes may not be accelerated because of an Event of Default specified in
Section 6.1(a)(iii) (only with respect to the covenants subject to such covenant defeasance), 6.1(a)(iv), 6.1(a)(v), 6.1(a)(vi) (only with respect to Significant Subsidiaries or a group of Restricted
Subsidiaries that, taken together (as of the latest audited financial statements of the Company and its consolidated Subsidiaries), would constitute a Significant Subsidiary), 6.1(a)(vii) (only with respect to Significant Subsidiaries or a
group of consolidated Subsidiaries that, taken together (as of the latest audited financial statements of the Company and its consolidated Subsidiaries), would constitute a Significant Subsidiary), 6.1(a)(viii) or 6.1(a)(ix) or because
of the failure of the Company to comply with Section 4.1(a)(iii) or (iv). 
 Upon satisfaction of the
conditions set forth herein and upon request of the Company, the Trustee shall acknowledge in writing the discharge of those obligations that the Company terminates. 

(c) Notwithstanding the provisions of Sections 8.1(a) and (b), the Company’s obligations in Sections 2.3,
2.4, 2.5, 2.6, 2.7, 2.10, 2.11, 2.13, 3.1, 6.7, 6.8, 7.1, 7.2, 7.6, 7.7, 8.1(b) (with respect to legal defeasance), 8.3, 8.4,
8.5 and 8.6 shall survive until the Notes have been paid in full. Thereafter, the Company’s obligations in Sections 6.7, 7.6, 8.4 and 8.5 shall survive. 

SECTION 8.2. Conditions to Defeasance. The Company may exercise its legal defeasance option or its covenant defeasance option only if:

 (i) the Company shall irrevocably deposit with the Trustee, in trust, for the benefit of the Holders, U.S. dollars
or U.S. Government Obligations, or a combination of U.S. dollars and U.S. Government Obligations, in such amounts as shall be sufficient, in the opinion of a nationally recognized firm of independent public accountants in the event a deposit of U.S.
Government Obligations is made, to pay the principal of, or interest and premium, if any, on the outstanding Notes issued hereunder on the Stated Maturity or on the applicable Redemption Date, as the case may be, and the Company must specify whether
the Notes are being defeased to maturity or to a particular Redemption Date; provided that, with respect to any redemption that requires the payment of the Applicable Premium, the amount deposited shall be sufficient for purposes of the
Indenture to the extent that an amount is deposited with the Trustee equal 

  
 -118- 

 
to the Applicable Premium calculated as of the date of the notice of redemption, with any Applicable Premium Deficit only required to be deposited with the Trustee on or prior to the date of
redemption. Any Applicable Premium Deficit shall be set forth in an Officer’s Certificate delivered to the Trustee simultaneously with the deposit of such Applicable Premium Deficit that confirms that such Applicable Premium Deficit shall be
applied toward such redemption; 
 (ii) in the case of legal defeasance, the Company has delivered to the Trustee an Opinion
of Counsel reasonably acceptable to the Trustee stating that, subject to customary assumptions and exclusions, (a) the Company has received from, or there has been published by, the U.S. Internal Revenue Service a ruling or (b) since the
Issue Date, there has been a change in the applicable U.S. federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders shall not recognize income, gain or loss for U.S. federal
income tax purposes as a result of such legal defeasance and shall be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such legal defeasance had not occurred; 

(iii) in the case of covenant defeasance, the Company has delivered to the Trustee an Opinion of Counsel reasonably acceptable
to the Trustee stating that, subject to customary assumptions and exclusions, the Holders of the respective outstanding Notes shall not recognize income, gain or loss for U.S. federal income tax purposes as a result of such covenant defeasance and
shall be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such covenant defeasance had not occurred; 

(iv) no Default or Event of Default has occurred and is continuing on the date of such deposit (other than a Default or Event
of Default resulting from the borrowing of funds to be applied to such deposit and the grant of any Lien securing such borrowings); 

(v) the Company shall deliver to the Trustee an Officer’s Certificate stating that the deposit was not made by the
Company with the intent of defeating, hindering, delaying or defrauding creditors of the Company or others; and 
 (vi) the
Company shall deliver to the Trustee an Officer’s Certificate and an Opinion of Counsel (which Opinion of Counsel may be subject to customary assumptions and exclusions), each stating that all conditions precedent relating to the legal
defeasance or the covenant defeasance, as the case may be, have been complied with. 
 SECTION 8.3. Application of Trust Money. The
Trustee shall hold in trust money or U.S. Government Obligations deposited with it pursuant to this Article VIII. It shall apply the deposited money and the money from U.S. Government Obligations through the Paying Agent and in accordance
with this Indenture to the payment of principal of and interest on the Notes. 

  
 -119- 

 SECTION 8.4. Repayment to Company. Anything herein to the contrary notwithstanding, the
Trustee shall deliver or pay to the Company from time to time upon receipt of an Officer’s Certificate any money or U.S. Government Obligations held by it as provided in this Article VIII which are in excess of the amount thereof
which would then be required to be deposited to effect legal defeasance or covenant defeasance, as applicable. 
 Subject to any applicable
abandoned property law, the Trustee and the Paying Agent shall pay to the Company upon written request any money held by them for the payment of principal of or interest on the Notes that remains unclaimed for two years, and, thereafter, Holders
entitled to the money must look to the Company for payment as general creditors. 
 SECTION 8.5. Indemnity for U.S. Government
Obligations. The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against deposited U.S. Government Obligations or the principal and interest received on such U.S. Government
Obligations. 
 SECTION 8.6. Reinstatement. If the Trustee or Paying Agent is unable to apply any money or U.S. Government
Obligations in accordance with this Article VIII by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the obligations
of the Company and each Guarantor under this Indenture, the Notes and the Guarantees shall be revived and reinstated as though no deposit had occurred pursuant to this Article VIII until such time as the Trustee or Paying Agent is permitted
to apply all such money or U.S. Government Obligations in accordance with this Article VIII; provided, however, that, if the Company or the Guarantors have made any payment of interest on or principal of any Notes because
of the reinstatement of its obligations, the Company or the Guarantors, as the case may be, shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money or U.S. Government Obligations held by the Trustee or
Paying Agent. 
 ARTICLE IX 

Amendments 
 SECTION 9.1.
Without Consent of Holders. This Indenture, the Notes and the Subsidiary Guarantees may be amended or supplemented without notice to or consent of any Holder: 

(i) to cure any ambiguity, omission, defect, mistake or inconsistency; 

(ii) to provide for the assumption by a successor corporation of the obligations of the Company or any Guarantor under the
Indenture, the Notes and the Guarantees; 
 (iii) to provide for or facilitate the issuance of uncertificated Notes in
addition to or in place of certificated Notes; provided that such uncertificated Notes are properly treated as in registered form for U.S. federal income tax purposes; 

  
 -120- 

 (iv) to comply with the rules of any applicable depositary; 

(v) to add Guarantees with respect to the Notes or to release a Guarantor from its obligations under its Guarantee or this
Indenture in accordance with the applicable provisions of this Indenture; 
 (vi) to secure the Notes and the Guarantees;

 (vii) to add to the covenants of the Parent and its Restricted Subsidiaries or Events of Default for the benefit of the
Holders or to make changes that would provide additional rights to the Holders, or to surrender any right or power herein conferred upon the Company or any Guarantor; 

(viii) to make any change that does not adversely affect the rights of any Holder in any material respect; 

(ix) to comply with any requirement of the SEC in connection with the qualification of this Indenture under the TIA, as
amended, if applicable; 
 (x) to provide for the appointment of a successor trustee; provided that the successor
trustee is otherwise qualified and eligible to act as such under the terms of this Indenture; 
 (xi) to conform the text of
this Indenture, the Notes or the Guarantees to any provision of the “Description of the Notes” section of the Offering Memorandum or, with respect to any Additional Notes and any supplemental indenture or other instrument pursuant to which
such Additional Notes are issued, to such “Description of notes” relating to the issuance of such Additional Notes solely to the extent that such “Description of notes” provides for terms of such Additional Notes that differ from
the terms of the Initial Notes, in each case as evidenced in an Officer’s Certificate delivered to the Trustee; 

(xii) to provide for or confirm the issuance of Additional Notes in accordance with the terms of this Indenture; 

(xiii) make any amendment to the provisions of the Indenture relating to the transfer and legending of Notes, including to
facilitate the issuance, transfer, delegending or administration of Notes; provided, however, that compliance with the Indenture as so amended would not result in Notes being transferred in violation of the Securities Act or any other
applicable securities law. 
 After an amendment or supplement under this Section becomes effective, the Company shall mail to Holders, or
in accordance with the applicable procedures of DTC, a notice briefly describing such amendment or supplement. The failure to give such notice to all Holders, or any defect therein, shall not impair or affect the validity of an amendment or
supplement under this Section. A consent to any amendment, supplement or waiver under this 

  
 -121- 

 
Indenture by any Holder given in connection with a tender of such Holder’s Note shall not be rendered invalid by such tender. 

Upon the request of the Company or the Parent accompanied by a Board Resolution authorizing the execution of any such amended or supplemental
indenture, and upon receipt by the Trustee of the documents described in Sections 7.2 and 11.2 hereof, the Trustee shall join with the Company and the Guarantors in the execution of any amended or supplemental indenture authorized or
permitted by the terms of this Indenture, but the Trustee shall not be obligated to enter into such amended or supplemental indenture that affects its own rights, duties or immunities under this Indenture or otherwise. 

SECTION 9.2. With Consent of Holders. This Indenture, the Notes or the Guarantees may be amended or supplemented with the consent of
the Holders of a majority in principal amount of the Notes then outstanding (including without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes). Any past default or compliance with the
provisions of this Indenture, the Notes or the Guarantees may be waived with the consent of the Holders of a majority in principal amount of the Notes then outstanding (including, without limitation, consents obtained in connection with a purchase
of, or tender offer or exchange offer for, Notes); provided that (x) if any such amendment or waiver will only affect one series of Notes (or less than all series of Notes) then outstanding under the Indenture, then only the consent of
the Holders of a majority in principal amount of the Notes of such series then outstanding (including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes) shall be required and
(y) if any such amendment or waiver by its terms will affect a series of Notes in a manner different and materially adverse relative to the manner such amendment or waiver affects other series of Notes, then the consent of the Holders of a
majority in principal amount of the Notes of such series then outstanding (including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes) shall be required. However, without the
consent of each Holder of an outstanding Note affected, no amendment, supplement or waiver may: 
 (i) reduce the principal
amount of Notes whose Holders must consent to an amendment; 
 (ii) reduce the rate of or change the stated time for payment
of interest on any Note; 
 (iii) reduce the principal of or extend the Stated Maturity of any Note; 

(iv) waive a Default or Event of Default in the payment of principal of, or interest or premium, if any, on the Notes issued
hereunder (except a rescission of acceleration of the Notes issued hereunder by the Holders of at least a majority in aggregate principal amount of the then outstanding Notes with respect to a nonpayment default and a waiver of the payment default
that resulted from such acceleration); 

  
 -122- 

 (v) reduce the premium payable upon the redemption or repurchase of any Note or
change the time at which any Note may be redeemed or repurchased in accordance with Article V hereof, whether through an amendment or waiver of provisions in the covenants or otherwise; 

(vi) make any Note payable in a currency other than that stated in the Note; 

(vii) impair the right of any Holder to receive payment of principal, premium, if any, and interest on such Holder’s
Notes on or after the due dates therefor or to institute suit for the enforcement of any payment on or with respect to such Holder’s Notes; or 

(viii) make any change in the amendment provisions in this Section 9.2 as described in
clauses (i) through (vii) above. 
 It shall not be necessary for the consent of the Holders under this Section to
approve the particular form of any proposed amendment or supplement, but it shall be sufficient if such consent approves the substance thereof. A consent to any amendment, supplement or waiver under this Indenture by any Holder given in connection
with a tender of such Holder’s Note shall not be rendered invalid by such tender. 
 Upon the request of the Company or the Parent
accompanied by a Board Resolution authorizing the execution of any such amended or supplemental indenture, and upon receipt by the Trustee of the documents described in Sections 7.2 and 11.2 hereof, the Trustee shall join with the
Company and the Guarantors in the execution of any amended or supplemental indenture authorized or permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations that may be therein contained, but the
Trustee shall not be obligated to enter into such amended or supplemental indenture that affects its own rights, duties or immunities under this Indenture or otherwise. 

After an amendment or supplement under the Indenture becomes effective, the Company is required to mail to the Holders, or in accordance with
the Applicable Procedures, a notice briefly describing such amendment or supplement. The failure to give such notice to all the Holders, or any defect in the notice will not impair or affect the validity of the amendment or supplement. 

SECTION 9.3. Effect of Consents and Waivers. A consent to an amendment, supplement or a waiver by a Holder of a Note shall bind the
Holder and every subsequent Holder of that Note or portion of the Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent or waiver is not made on the Note. After an amendment or waiver becomes
effective, it shall bind every Holder. An amendment or waiver made pursuant to Section 9.2 shall become effective upon receipt by the Trustee of the requisite number of written consents. 

The Company may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to give their consent
or take any other action described above or required or permitted to be taken pursuant to this Indenture. If a record date is fixed, then 

  
 -123- 

 
notwithstanding the immediately preceding paragraph, those Persons who were Holders at such record date (or their duly designated proxies), and only those Persons, shall be entitled to give such
consent or revoke such consent or to take any such action, whether or not such Persons continue to be Holders after such record date. 

SECTION 9.4. Notation on or Exchange of Notes. If an amendment changes the terms of a Note, the Trustee may require the Holder of the
Note to deliver it to the Trustee. The Trustee may place an appropriate notation on the Note regarding the changed terms and return it to the Holder. Alternatively, if the Company or the Trustee so determines, the Company in exchange for the Note
shall issue, and upon receipt of an Authentication Order the Trustee shall authenticate a new Note that reflects the changed terms. Failure to make the appropriate notation or to issue a new Note shall not affect the validity of such amendment. 

SECTION 9.5. Trustee To Sign Amendments. The Trustee shall sign any amendment, supplement or waiver authorized pursuant to this
Article IX if the amendment, supplement or waiver does not, in the sole determination of the Trustee, adversely affect the rights, duties, liabilities or immunities of the Trustee. In signing any amendment, supplement or waiver pursuant to
this Article IX, the Trustee shall receive, and (subject to Sections 7.1 and 7.2) shall be fully protected in conclusively relying upon, an Officer’s Certificate and an Opinion of Counsel stating that such amendment,
supplement or waiver is authorized or permitted by or complies with this Indenture and that such amendment, supplement or waiver is the legal, valid and binding obligation of the Company and the Guarantors party thereto, enforceable against the
Company and the Guarantors party thereto in accordance with its terms, subject to customary exceptions. Notwithstanding the foregoing, no Opinion of Counsel will be required for the Trustee to execute any amendment or supplement adding a new
Guarantor under this Indenture pursuant to Exhibit E hereto. For the avoidance of doubt, no Officer’s Certificate shall be required on the Issue Date for the execution of any Note Supplemental Indenture. 

ARTICLE X 
 Guarantee 

SECTION 10.1. Guarantee. Subject to the provisions of this Article X, each Guarantor hereby fully, unconditionally and
irrevocably guarantees, as primary obligor and not merely as surety, jointly and severally with each other Guarantor, to each Holder of the Notes, to the extent lawful, and the Trustee the full and punctual payment when due, whether at maturity, by
acceleration, by redemption or otherwise, of the principal of, premium, if any, and interest on the Notes and all other obligations of the Company under this Indenture and the Notes (including, without limitation, interest accruing after the filing
of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Company or any Guarantor whether or not a claim for post-filing or post-petition interest is allowed in such proceeding and the
obligations under Section 7.6) (all the foregoing being hereinafter collectively called the “Guarantor Obligations”). Each Guarantor agrees (to the extent lawful) that the Guarantor Obligations may be
extended or renewed, in whole or in part, 

  
 -124- 

 
without notice or further assent from it, and that it shall remain bound under this Article X notwithstanding any extension or renewal of any Guarantor Obligation. 

Each Guarantor waives (to the extent lawful) presentation to, demand of, payment from and protest to the Company of any of the Guarantor
Obligations and also waives (to the extent lawful) notice of protest for nonpayment. Each Guarantor waives (to the extent lawful) notice of any default under the Notes or the Guarantor Obligations. 

Each Guarantor further agrees that its Guarantee herein constitutes a Guarantee of payment when due (and not a Guarantee of collection) and
waives any right to require that any resort be had by any Holder to any security held for payment of the Guarantor Obligations. 
 Except
as set forth in Section 4.2, Section 10.2 and Article VIII hereof, the obligations of each Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination
for any reason (other than payment of the Guarantor Obligations in full), including any claim of waiver, release, surrender, alteration or compromise, and shall not (to the extent lawful) be subject to any defense of setoff, counterclaim, recoupment
or termination whatsoever or by reason of the invalidity, illegality or unenforceability of the Guarantor Obligations or otherwise. Without limiting the generality of the foregoing, the obligations of each Guarantor herein shall not (to the extent
lawful) be discharged or impaired or otherwise affected by (a) the failure of any Holder to assert any claim or demand or to enforce any right or remedy against the Company or any other person under this Indenture, the Notes or any other
agreement or otherwise; (b) any extension or renewal of any thereof; (c) any rescission, waiver, amendment or modification of any of the terms or provisions of this Indenture, the Notes, or any other agreement; (d) the release of any
security held by any Holder for the Guarantor Obligations or any of them; (e) the failure of any Holder to exercise any right or remedy against any other Guarantor; (f) any change in the ownership of the Company; (g) any default,
failure or delay, willful or otherwise, in the performance of the Guarantor Obligations; or (h) any other act or thing or omission or delay to do any other act or thing which may or might in any manner or to any extent vary the risk of any
Guarantor or would otherwise operate as a discharge of such Guarantor as a matter of law or equity. 
 Each Guarantor agrees that its
Guarantee herein shall remain in full force and effect until payment in full of all the Guarantor Obligations or such Guarantor is released from its Guarantee in compliance with Section 4.2,
Section 10.2 or Article VIII hereof. Each Guarantor further agrees that its Guarantee herein shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of
principal of, premium, if any, or interest on any of the Guarantor Obligations is rescinded or must otherwise be restored by any Holder upon the bankruptcy or reorganization of the Company or otherwise. 

In furtherance of the foregoing and not in limitation of any other right which any Holder has at law or in equity against any Guarantor by
virtue hereof, upon the failure of the Company to pay any of the Guarantor Obligations when and as the same shall become due, whether at maturity, by acceleration, by redemption or otherwise, each Guarantor hereby promises to and shall, upon receipt
of written demand by the Trustee, forthwith pay, or cause to 

  
 -125- 

 
be paid, in cash, to the Trustee or the Trustee on behalf of the Holders an amount equal to the sum of (i) the unpaid amount of such Guarantor Obligations then due and owing and
(ii) accrued and unpaid interest on such Guarantor Obligations then due and owing (but only to the extent not prohibited by law) (including interest accruing after the filing of any petition in bankruptcy or the commencement of any insolvency,
reorganization or like proceeding relating to the Company or any Guarantor whether or not a claim for post-filing or post-petition interest is allowed in such proceeding). 

Each Guarantor further agrees that, as between such Guarantor, on the one hand, and the Holders, on the other hand, (x) the maturity of
the Guarantor Obligations guaranteed hereby may be accelerated as provided in this Indenture for the purposes of its Guarantee herein, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the Guarantor
Obligations guaranteed hereby and (y) in the event of any such declaration of acceleration of such Guarantor Obligations, such Guarantor Obligations (whether or not due and payable) shall forthwith become due and payable by the Guarantor for
the purposes of this Guarantee. 
 Each Guarantor also agrees to pay any and all reasonable costs and expenses (including reasonable
attorneys’ fees) incurred by the Trustee or the Holders in enforcing any rights under this Section. Neither the Company nor the Guarantors shall be required to make a notation on the Notes to reflect any Guarantee or any release, termination or
discharge thereof and any such notation shall not be a condition to the validity of any Guarantee. 
 SECTION 10.2. Limitation on
Liability; Termination, Release and Discharge. 
 (a) Any term or provision of this Indenture to the contrary notwithstanding, the
obligations of each Guarantor hereunder shall be limited to the maximum amount as shall, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on
behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under its Guarantee not
constituting a fraudulent conveyance or fraudulent transfer under federal or state law and not otherwise being void or voidable under any similar laws affecting the rights of creditors generally. 

(b) A Subsidiary Guarantee by a Subsidiary Guarantor shall be automatically and unconditionally released and discharged, and each Subsidiary
Guarantor and its obligations under the Subsidiary Guarantee and this Indenture shall be released and discharged: 
 (i)
upon any sale, exchange or transfer (by merger or otherwise) of the Capital Stock of such Subsidiary Guarantor following which such Subsidiary Guarantor ceases to be a direct or indirect Restricted Subsidiary of the Parent if such sale or

  
 -126- 

 
disposition does not constitute an Asset Disposition or is made in compliance with Section 3.7 and Article IV hereof); 

(ii) if such Subsidiary Guarantor is dissolved or liquidated in accordance with the provisions of this Indenture; 

(iii) the release or discharge of the guarantee by such Subsidiary Guarantor of the Indebtedness that resulted in the creation
of such Subsidiary Guarantee, except a discharge or release as a result of payment under such guarantee by such Subsidiary Guarantor (it being understood that a release subject to a contingent reinstatement is still a release, and if any such
Indebtedness of such Subsidiary Guarantor under such guarantee is so reinstated, such Guarantee shall also be reinstated); 

(iv) upon exercise of the Company’s legal defeasance option or covenant defeasance option or upon satisfaction and
discharge of this Indenture, in each case, pursuant to the provisions of Article VIII hereof; and 
 (v) if the
Company designates such Subsidiary Guarantor as an Unrestricted Subsidiary and such designation complies with the other applicable provisions of this Indenture. 

(c) In the case of Section 10.2(b)(i) only, the Company or the Parent shall deliver to the Trustee an
Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for in this Indenture relating to such transaction have been complied with. 

(d) The release of a Subsidiary Guarantor from its Subsidiary Guarantee and its obligations under this Indenture in accordance with the
provisions of this Section 10.2 shall not preclude the future applications of Section 3.10 hereof to such Person. 

SECTION 10.3. Right of Contribution. Each Guarantor hereby agrees that to the extent that any Guarantor shall have paid more than its
proportionate share of any payment made on the obligations under the Guarantees, such Guarantor shall be entitled to seek and receive contribution from and against the Company or any other Guarantor who has not paid its proportionate share of such
payment. The provisions of this Section 10.3 shall in no respect limit the obligations and liabilities of each Guarantor to the Trustee and the Holders and each Guarantor shall remain liable to the Trustee and the Holders
for the full amount guaranteed by such Guarantor hereunder. 
 SECTION 10.4. No Subrogation. Notwithstanding any payment or payments
made by each Guarantor hereunder, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee or any Holder against the Company or any other Guarantor or any collateral security or guarantee or right of offset held by the
Trustee or any Holder for the payment of the Guarantor Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Company or any other Guarantor in respect of payments made by such Guarantor
hereunder, until all amounts owing to the Trustee and the Holders by the Company on 

  
 -127- 

 
account of the Guarantor Obligations are paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guarantor Obligations shall
not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee and the Holders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee in
the exact form received by such Guarantor (duly indorsed by such Guarantor to the Trustee, if required), to be applied against the Guarantor Obligations. 

ARTICLE XI 
 Miscellaneous

 SECTION 11.1. Notices. Notices given by publication shall be deemed given on the first date on which publication is made,
notices given by first-class mail, postage prepaid, shall be deemed given five calendar days after mailing and notices given by overnight courier guaranteeing next day delivery shall be deemed given the next Business Day after timely delivery to the
courier. Any notice or communication shall be in writing and delivered in person, by facsimile (with respect to the Trustee only), mailed by first-class mail or overnight air courier guaranteeing next day delivery, addressed as follows: 

if to the Company or to any Guarantor: 

Fidelity & Guaranty Life Holdings, Inc. 

1001 Fleet Street, 6th Floor 

Baltimore, MD 21202 
 Attention:
General Counsel 
 if to the Trustee: 

Wells Fargo Bank, National Association 

Corporate Trust Services 
 1
Independent Drive, Suite 620,Jacksonville, Florida 32202Facsimile: (904) 351-7266 
 The Company or
the Trustee by notice to the other may designate additional or different addresses for subsequent notices or communications. Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to
receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. 
 Any notice or
communication mailed to a Holder shall be mailed to the Holder at the Holder’s address as it appears on the registration books of the Registrar and shall be sufficiently given if so mailed within the time prescribed. 

  
 -128- 

 Failure to mail a notice or communication to a Holder or any defect in it shall not affect its
sufficiency with respect to other Holders. If a notice or communication is mailed in the manner provided above, it is duly given, whether or not the addressee receives it. 

The Trustee agrees to accept and act upon instructions or directions pursuant to this Indenture sent by unsecured e-mail, facsimile transmission or other similar unsecured electronic methods. If the party elects to give the Trustee e-mail or facsimile instructions (or instructions by a
similar electronic method) and the Trustee in its discretion elects to act upon such instructions, the Trustee’s understanding of such instructions shall be deemed controlling. The Trustee shall be liable for any losses, costs or expenses
arising directly or indirectly from the Trustee’s reliance upon and compliance with such instructions notwithstanding such instructions conflict or are inconsistent with a subsequent written instruction. The party providing electronic
instructions agrees to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk or
interception and misuse by third parties. 
 Notwithstanding any other provision of this Indenture or any Note, where this Indenture or any
Note provides for notice of any event (including any notice of redemption) to any Holder of an interest in a Global Note (whether by mail or otherwise), such notice shall be sufficiently given if given to DTC or any other applicable Depositary for
such Note (or its designee) according to the applicable procedures of DTC or such Depositary. 
 SECTION 11.2. Certificate and Opinion
as to Conditions Precedent. Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the Trustee: 

(i) an Officer’s Certificate in form and substance reasonably satisfactory to the Trustee stating that, in the opinion of
the signers, all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and 

(ii) an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee stating that, in the opinion of such
counsel, all such conditions precedent have been complied with. 
 SECTION 11.3. Statements Required in Certificate or Opinion. Each
certificate or opinion with respect to compliance with a covenant or condition provided for in this Indenture shall include: 

(i) a statement that the individual making such certificate or opinion has read such covenant or condition; 

(ii) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions
contained in such certificate or opinion are based; 

  
 -129- 

 (iii) a statement that, in the opinion of such individual, he or she has made
such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(iv) a statement as to whether or not, in the opinion of such individual, such covenant or condition has been complied with.

 In giving such Opinion of Counsel, counsel may rely as to factual matters on an Officer’s Certificate or on certificates of public
officials. 
 SECTION 11.4. Rules by Trustee, Paying Agent and Registrar. The Trustee may make reasonable rules for action by, or a
meeting of, Holders. The Registrar and the Paying Agent may make reasonable rules for their functions. 
 SECTION 11.5. Days Other than
Business Days. If a payment date is not a Business Day, payment shall be made on the next succeeding Business Day with the same force and effect as if made on the date of such payment and no interest shall accrue for the intervening period. If a
regular Record Date is not a Business Day, the Record Date shall not be affected. 
 SECTION 11.6. Governing Law. This Indenture,
the Notes and the Subsidiary Guarantees shall be governed by, and construed in accordance with, the laws of the State of New York. 

SECTION 11.7. No Recourse Against Others. No past, present or future director, officer, employee, incorporator, member, partner or
stockholder of the Company or any of the Guarantors shall have any liability for any obligations of the Parent or its Restricted Subsidiaries under the Notes, this Indenture, the Guarantees, or for any claim based on, in respect of, or by reason of
such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release shall be part of the consideration for the issuance of the Notes and the Guarantees. 

SECTION 11.8. Successors. All agreements of the Company and each Guarantor in this Indenture and the Notes shall bind their respective
successors. All agreements of the Trustee in this Indenture shall bind its successors. 
 SECTION 11.9. Multiple Originals. The
parties may sign any number of copies (including PDF copies) of this Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. One signed copy is enough to prove this Indenture. 

SECTION 11.10. Table of Contents; Headings. The table of contents, cross-reference sheet and headings of the Articles and Sections of
this Indenture have been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 

SECTION 11.11. Force Majeure. In no event shall the Trustee be responsible or liable for any failure or delay in the performance of
its obligations hereunder arising out of or 

  
 -130- 

 
caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear
or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with
accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 
 SECTION 11.12. USA
Patriot Act. The parties hereto acknowledge that in accordance with Section 326 of the USA Patriot Act the Trustee and the Trust Officers, like all financial institutions and in order to help fight the funding of terrorism and money
laundering, are required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account. The parties to this agreement agree that they will provide the Trustee and the Trust
Officers with such information as they may request in order to satisfy the requirements of the USA Patriot Act. 
 SECTION 11.13.
Communication by Holders of Notes with other Holders of Notes. Holders of the Notes may communicate with other Holders of Notes with respect to their rights under this Indenture or the Notes. 

SECTION 11.14. Waiver of Jury Trial. EACH PARTY HERETO WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE,
AGENT OR ATTORNEY OF ANY OTHER PARTY HERETO HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO
HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 [Remainder
of Page Intentionally Left Blank] 

  
 -131- 

 IN WITNESS WHEREOF, the parties have caused this Indenture to be duly executed as of the date
first written above. 
  

			
	Fidelity & Guaranty Life Holdings, Inc.
		
	By:	  	 /s/ Dennis R. Vigneau

		  	Name: Dennis R. Vigneau
		  	Title: Executive Vice President & Chief Financial Officer
	
	Fidelity & Guaranty Life Business Services, Inc.
		
	By:	  	 /s/ Dennis R. Vigneau

		  	Name: Dennis R. Vigneau
		  	Title: Executive Vice President & Chief Financial Officer
	
	CF Bermuda Holdings Limited
		
	By:	  	 /s/ Dennis R. Vigneau

		  	Name: Dennis R. Vigneau
		  	Title: Executive Vice President & Chief Financial Officer
	
	FGL US Holdings, Inc.
		
	By:	  	 /s/ Dennis R. Vigneau

		  	Name: Dennis R. Vigneau
		  	Title: Executive Vice President & Chief Financial Officer

  
  
  

 
  
  

 
 [Signature Page to Indenture] 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Yana Kislenko

		 	Name: Yana Kislenko
		 	Title:   Vice President

  
  
  

 
 [Signature Page to Indenture] 

 EXHIBIT A 

[FORM OF FACE OF NOTE] 
 [Global
Note Legend, if applicable] 
 [Private Placement Legend, if applicable] 

[Regulation S Temporary Global Note Legend, if applicable] 
  

			
	No. [    ]	  	Principal Amount $[                    ],
		  	as revised by the Schedule of Increases
		  	or Decreases in the Global Note attached hereto
		
		  	CUSIP NO.                     

 FIDELITY & GUARANTY LIFE HOLDINGS, INC. 

[     ]% Senior Note due 20[    ] 

Fidelity & Guaranty Life Holdings, Inc., a Delaware corporation1, promises to
pay to                             , or registered assigns, the initial principal amount set forth on
the Schedule of Increases or Decreases in the Global Note attached hereto, as revised by the Schedule of Increases or Decreases in the Global Note attached hereto, on [         ], 20[    
]. 
 Interest Payment Dates: [                ] and
[                ]. 
 Record Dates
[                ] and [                ]. 

Additional provisions of this Note are set forth on the other side of this Note. 

 
  
  

 
 1 Replace with the name of any successor, if applicable. 

  
 A-1 

 
			
	FIDELITY & GUARANTY LIFE HOLDINGS, INC.
		
	By:	  	  

		  	Name:
		  	Title:

  
 A-2 

 TRUSTEE’S CERTIFICATE OF 

AUTHENTICATION 
 WELLS FARGO BANK, NATIONAL ASSOCIATION 

as Trustee, certifies that this is one of the     

Notes referred to in the Indenture.     
  

							
	By:	  	  
	 		 	
		  	Authorized Signatory	 		 	Date:

  
 A-3 

 [FORM OF REVERSE SIDE OF NOTE] 

[        ]% Senior Note due 20[        ] 

 

	1.	Interest 

 Fidelity & Guaranty Life Holdings, Inc., a Delaware corporation
(such corporation, and its successors and assigns under the Indenture hereinafter referred to, being herein called the “Company”), promises to pay interest on the principal amount of this Note at the rate per annum shown above. 

The Company shall pay interest semiannually on [         ] and
[         ] of each year, with the first interest payment to be made on [         ]. Interest on the Notes shall accrue [(or will be deemed to have accrued)]2from the most recent date to which interest has been paid on the Notes or, if no interest has been paid, from [             ]3. The Company shall pay interest on overdue principal or premium, if any (plus interest on such interest to the extent lawful), at the rate borne by the Notes to the extent lawful. Interest shall be
computed on the basis of a 360-day year of twelve 30-day months. 
  

	2.	Method of Payment 

 By no later than 12:00 p.m. (New York City time) on the date on
which any principal of, premium, if any, or interest on any Note is due and payable, the Company shall irrevocably deposit with the Trustee or the Paying Agent money sufficient to pay such principal, premium, if any, and/or interest. The Company
shall pay interest (except Defaulted Interest) to the Persons who are registered Holders of Notes at the close of business on [            ] and
[            ] next preceding the Interest Payment Date unless Notes are cancelled, repurchased or redeemed after the record date and before the Interest Payment Date. Holders must
surrender Notes to a Paying Agent to collect principal payments. The Company shall pay principal, premium, if any, and interest in money of the United States that at the time of payment is legal tender for payment of public and private debts.
Payments in respect of Notes represented by a Global Note (including principal, premium, if any, and interest) shall be made by the transfer of immediately available funds to the accounts specified by the Depositary. The Company shall make all 

 
  

 

	2 	Insert for Additional Note, if applicable. 

  

	3 	Insert applicable date. 

  
 A-4 

 
payments in respect of a Definitive Note (including principal, premium, if any, and interest) by mailing a check to the registered address of each Holder thereof. 

 

	3.	Paying Agent and Registrar 

 Initially, Wells Fargo Bank, National Association, duly
organized and existing under the laws of the United States of America and having a corporate trust office at 1 Independent Drive, Suite 620, Jacksonville, Florida 32202 (in such capacity the “Trustee”), shall act as Paying Agent and
Registrar. The Company may appoint and change any Paying Agent, Registrar or co-registrar without notice to any Holder. The Company or any of its domestically incorporated Wholly-Owned Subsidiaries may act as
Paying Agent, Registrar or co-registrar. 
  

	4.	Indenture 

 The Company issued the Notes under an Indenture dated as of April 20,
2018 (as it may be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof, the “Indenture”), among the Company, the Guarantors and the Trustee. The terms of the Notes include those stated
in the Indenture. Capitalized terms used herein and not defined herein have the meanings ascribed thereto in the Indenture. The Notes are subject to all such terms, and Holders are referred to the Indenture for a statement of those terms. To the
extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. 

The Notes are senior obligations of the Company. This Note is one of the [         ]4 issued under the Indenture. 
  

	5.	Guarantee 

 To guarantee the due and punctual payment of the principal, premium, if
any, and interest (including post-filing or post-petition interest under any Bankruptcy Law) on the Notes and all other amounts payable by the Company under the Indenture and the Notes when and as the same shall be due and payable, whether at
maturity, by acceleration or otherwise, according to the terms of the Notes and the Indenture, the Guarantors have fully and unconditionally guaranteed (and future guarantors, together with the Guarantors, shall fully and unconditionally Guarantee),
jointly and severally, such obligations pursuant to the terms of the Indenture. 
  

 
  

	4 	Insert applicable series of Notes. 

  
 A-5 

	6.	Redemption. 

 The Notes are redeemable, at the Company’s option, in whole or in
part, as provided in the Indenture and the [         ]5 Supplemental Indenture, dated as of [         ]6, among the Company, the Guarantors and the Trustee (the “[    ] Notes Supplemental Indenture”). 

 

	7.	Change of Control; Asset Sales 

 (a) If a Change of Control occurs, unless the Company
has exercised its right to redeem all of the Notes under paragraph 6 of the [    ] Notes Supplemental Indenture and all conditions precedent applicable to such redemption have been satisfied, each Holder shall have the
right to require the Company to repurchase all or any part (in integral multiples of $1,000 except that no Note may be tendered in part if the remaining principal amount would be less than $2,000) of such Holder’s Notes at a purchase price in
cash equal to 101% of the principal amount of the Notes plus accrued and unpaid interest, if any, to, but excluding, the date of purchase (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant
Interest Payment Date that is prior to the relevant redemption date) as provided in, and subject to the terms of, the Indenture. 
 (b) In
the event of an Asset Disposition that requires the purchase of Notes pursuant to Section 3.7(c) of the Indenture, the Company shall be required to make an offer to all Holders to purchase Notes in accordance with
Section 3.7(c) of the Indenture at an offer price in cash in an amount equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the date of purchase (subject to the rights of Holders of record on
any Record Date to receive payments of interest on the related Interest Payment Date). Holders of Notes that are the subject of an offer to purchase will receive an Asset Disposition Offer from the Company prior to any related purchase date and may
elect to have such Note purchased pursuant to such offer by completing the form entitled “Option of Holder To Elect Purchase” attached hereto, or transferring its interest in such Note by book-entry transfer, to the Company or a Paying
Agent at the address specified in the notice at least three Business Days before the Asset Disposition Purchase Date. 
  

 
  

 

	5 	Insert applicable number. 

  

	6 	Insert date of issuance of Notes. 

  
 A-6 

	8.	Denominations; Transfer; Exchange 

 The Notes are in registered form without coupons in
minimum denominations of principal amount of $2,000 and whole multiples of $1,000 in excess thereof. A Holder may transfer or exchange Notes in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish
appropriate endorsements or transfer documents and to pay any taxes and fees required by law or permitted by the Indenture. The Registrar need not register the transfer of or exchange any Notes for a period at the opening of business on a Business
Day 15 days before an Interest Payment Date and ending on such Interest Payment Date. 
 [This Regulation S Temporary Global Note is
exchangeable in whole or in part for one or more Global Notes only (i) on or after the termination of the 40-day distribution compliance period (as defined in Regulation S) and (ii) upon presentation
of certificates (accompanied by an Opinion of Counsel, if applicable) required by Article 2 of the Indenture. Upon exchange of this Regulation S Temporary Global Note for one or more Global Notes, the Trustee shall cancel this Regulation S Temporary
Global Note.]7 
  

	9.	Persons Deemed Owners 

 The registered Holder of this Note may be treated as the owner
of it for all purposes. Only registered Holders shall have rights hereunder. 
  

	10.	Unclaimed Money 

 If money for the payment of the principal of or premium, if any, or
interest remains unclaimed for two years, the Trustee or Paying Agent shall pay the money back to the Company at its request unless an abandoned property law designates another Person. After any such payment, Holders entitled to the money must look
only to the Company and not to the Trustee for payment. 
  

	11.	Discharge and Defeasance 

 Subject to certain conditions set forth in the Indenture,
the Company at any time may terminate some or all of its obligations under the Notes and the Indenture if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal and interest on the Notes to redemption
or maturity, as the case may be. 
  
  

7 Include in Regulation S Temporary Global Note only. 

  
 A-7 

	12.	Amendment, Waiver 

 Subject to certain exceptions set forth in the Indenture,
(i) the Indenture, the Notes and the Guarantees may be amended with the written consent of the Holders of at least a majority in principal amount of the Notes then outstanding (including without limitation, consents obtained in connection with
a purchase of, or tender offer or exchange offer for Notes) and (ii) any default (other than (x) with respect to nonpayment or (y) in respect of a provision that cannot be amended without the written consent of each Holder affected)
or noncompliance with any provision may be waived with the written consent of the Holders of a majority in principal amount of the Notes then outstanding (including without limitation, consents obtained in connection with a purchase of, or tender
offer or exchange offer for, Notes); provided that (x) if any such amendment or waiver will only affect one series of Notes (or less than all series of Notes) then outstanding under the Indenture, then only the consent of the Holders of
a majority in principal amount of the Notes of such series then outstanding (including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes) shall be required and (y) if any such
amendment or waiver by its terms will affect a series of Notes in a manner different and materially adverse relative to the manner such amendment or waiver affects other series of Notes, then the consent of the Holders of a majority in principal
amount of the Notes of such series then outstanding (including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes) shall be required. Subject to certain exceptions set forth in the
Indenture, without the consent of any Holder, the Company, the Guarantors and the Trustee may amend the Indenture, the Notes and the Guarantees in certain circumstances as set forth in the Indenture. 

 

	13.	Defaults and Remedies8 

 Under the
Indenture, and subject to the terms and provisions of the Indenture, Events of Default include, without limitation: (i) default in any payment of interest on any Note when the same becomes due and the default continues for 30 days;
(ii) default in payment of the principal of or premium, if any, on any Note when the same becomes due at its Stated Maturity, upon optional redemption, upon required repurchase, upon declaration of acceleration or otherwise; (iii) failure
by the Company or the Parent to comply with its obligations under Section 3.9 or Article IV of the Indenture, (iv) failure by the Company or any Guarantor to comply with certain other provisions or agreements in the Indenture and the
Notes, in certain cases subject to notice and lapse of time; (v) certain accelerations (including failure to pay within any grace period after final maturity) of other Indebtedness for money borrowed of the Parent or any 

 
  

 

	8 	 Revise in accordance with Section 2.2(8) of the Indenture, if applicable.

  
 A-8 

 
Restricted Subsidiary if the amount accelerated (or so unpaid) exceeds $75.0 million (or its foreign currency equivalent); (vi) certain events of bankruptcy or insolvency with respect to the
Company, the Parent or any Significant Subsidiary or group of Restricted Subsidiaries that, taken together would constitute a Significant Subsidiary; (vii) certain final and non-appealable judgments for
the payment of money aggregating in excess of $75.0 million (or its foreign currency equivalent) (net of amounts that are covered by insurance) against the Company, the Parent or a Significant Subsidiary or group of Restricted Subsidiaries that
when taken together would constitute a Significant Subsidiary; and (viii) any Guarantee of the Parent, the Intermediate Guarantor or a Significant Subsidiary or group of Restricted Subsidiaries that when taken together would constitute a
Significant Subsidiary ceases to be in full force and effect (except as contemplated by the terms of the Indenture and the Guarantees) or is declared null and void in a judicial proceeding or is denied or disaffirmed by the Parent, the Intermediate
Guarantor, such Significant Subsidiary or such group of Restricted Subsidiaries, as the case may be, and is not rescinded. 
 If an Event
of Default occurs and is continuing, the Trustee or Holders of at least 30% in aggregate principal amount of the then outstanding Notes may declare all the Notes to be due and payable immediately. Certain events of bankruptcy or insolvency with
respect to the Company or the Parent are Events of Default which shall result in the Notes being due and payable immediately upon the occurrence of such Events of Default. 

Holders may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee may refuse to enforce the Indenture or
the Notes unless each receives indemnity or security satisfactory to the Trustee. Subject to certain limitations, Holders of a majority in principal amount of the Notes may direct the Trustee in its exercise of any trust or power. The Trustee may
withhold from Holders notice of any continuing Default or Event of Default (except a Default or Event of Default in payment of principal or interest) if it determines in good faith that withholding the notice is in the interests of Holders. 

 

	14.	Trustee Dealings with the Company 

 Subject to certain limitations set forth in the
Indenture, the Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with and collect obligations owed to it by the Company or its Affiliates and may otherwise deal with
the Company or its Affiliates with the same rights it would have if it were not Trustee. 
  

	15.	No Recourse Against Others 

 No past, present or future director, officer, employee,
incorporator, member, partner or stockholder of the Company or any of the Guarantors shall have any liability for any obligations of the Company or its Restricted Subsidiaries under the Notes, the Indenture or the Guarantees or for any claim based
on, in respect of, or by reason of, such obligations or their creation. By accepting a Note, each Holder waives and releases all such liability. The waiver and release shall be part of the consideration for the issue of the Notes and the Guarantees.

  
 A-9 

	16.	Authentication 

 This Note shall not be valid until an authorized signatory of the
Trustee (or an authenticating agent acting on its behalf) signs the certificate of authentication on the other side of this Note. 
  

	17.	Abbreviations 

 Customary abbreviations may be used in the name of a Holder or an
assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the entirety), JT TEN (=joint tenants with rights of survivorship and not as tenants in common), CUST (=custodian) and U/G/M/A (=Uniform Gift to Minors Act). 

 

	18.	CUSIP Numbers 

 Pursuant to a recommendation promulgated by the Committee on Uniform
Note Identification Procedures the Company has caused CUSIP numbers to be printed on the Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only on the other identification numbers
placed thereon. 
  

	19.	Successor Entity 

 When a successor entity assumes, in accordance with the Indenture,
all the obligations of its predecessor under the Notes and the Indenture, and immediately before and thereafter no Default or Event of Default exists and all other conditions of the Indenture are satisfied, the predecessor entity will be released
from those obligations. 
  

	20.	Governing Law 

 This Note shall be governed by, and construed in accordance with, the
laws of the State of New York. 
 The Company shall furnish to any Holder upon written request and without charge to the Holder a copy of
the Indenture. Requests may be made to: 
 Fidelity & Guaranty Life Holdings, Inc. 

1001 Fleet Street, 6th Floor 

Baltimore, MD 21202 
 Attention:
General Counsel 

  
 A-10 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 I or we assign
and transfer this Note to 
  
  

(Print or type assignee’s name, address and zip code) 
  

 
 (Insert assignee’s soc. sec. or
tax I.D. No.) 
 and irrevocably appoint
                     agent to transfer this Note on the books of the Company. The agent may substitute another to act for him. 

 

							
	Date:
                                    	  	 	Your Signature:	 	  	      

			
		
	Signature Guarantee:	  	  

		  	(Signature must be guaranteed)

  
  

Sign exactly as your name appears on the other side of this Note. 

The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and credit unions with
membership in an approved signature guarantee medallion program), pursuant to SEC Rule 17Ad-15. 

  
 A-11 

 [TO BE ATTACHED TO GLOBAL NOTES] [REGULATION S TEMPORARY GLOBAL NOTE] 

SCHEDULE OF INCREASES OR DECREASES IN [GLOBAL NOTE][REGULATION S TEMPORARY GLOBAL NOTE] 

The initial principal amount of the Note shall be $
[                            ]. The following increases or decreases in this Global Note have been
made: 
  

									
	 Date of

Exchange
	 	 Amount of

decrease in
 Principal Amount

of this Global
 Note
	 	 Amount of

increase in
 Principal Amount

of this Global
 Note
	 	 Principal Amount

of this Global
 Note following

such decrease or
 increase
	 	 Signature of

authorized signatory
 of Trustee or
Notes
 Custodian

  
 A-12 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 3.7 or 3.9 of the
Indenture, check the box: 
  

			
	 ☐

Section 3.7
	  	☐
 Section 3.9

 If you want to elect to have only part of this Note purchased by the Company pursuant to
Section 3.7 or 3.9 of the Indenture, state the amount in principal amount (must be in minimum denominations of $2,000 or integral multiples of $1,000 in excess thereof): $ 

 

					
	Date:                                 	  	Your Signature:	  	  

		  		  	(Sign exactly as your name appears on the other side of the Note)

			
		
	Signature Guarantee:	  	  

		  	(Signature must be guaranteed)

 The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations
and credit unions with membership in an approved signature guarantee medallion program), pursuant to SEC Rule 17Ad-15. 

  
 A-13 

 EXHIBIT B 

FORM OF CERTIFICATE OF TRANSFER 

Fidelity & Guaranty Life Holdings, Inc. 
 1001 Fleet
Street, 6th Floor 
 Baltimore, MD 21202 

Attention: General Counsel 
 Wells Fargo Bank, National
Association 
 600 South Fourth Street, 7th Floor 
 MAC N9300-070 
 Minneapolis, MN 55415 

Phone: 1-800-344-5128Fax No.: (866) 969-1290 
 Email: DAPSReorg@wellsfargo.com 

Re: [     ]% Senior Notes due 20[  ] 

Reference is hereby made to the Indenture, dated as of April 20, 2018 (the “Indenture”), among Fidelity &
Guaranty Life Holdings, Inc., as issuer (the “Company”), the Guarantors named therein and Wells Fargo Bank, National Association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the
Indenture. 

                       
      (the “Transferor”) owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount of
$             in such Note[s] or interests (the “Transfer”), to
                     (the “Transferee”), as further specified in Annex A hereto. In connection with the Transfer, the
Transferor hereby certifies that: 
 [CHECK ALL THAT APPLY] 
  

	1.     ☐	Check if Transferee will take delivery of a beneficial interest in the 144A Global Note or a Restricted Definitive Note pursuant to Rule 144A. The Transfer is being effected pursuant to and in accordance
with Rule 144A under the United States Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, the Transferor hereby further certifies that the beneficial interest or Definitive Note is being transferred to a
Person that the Transferor reasonably believes is purchasing the beneficial interest or Definitive Note for its own account, or for one or more accounts with respect to which such Person exercises sole investment discretion, and such Person and each
such account is a “qualified institutional buyer” within the meaning of Rule 144A in a transaction meeting the requirements of Rule 144A and such Transfer is in compliance with any applicable blue sky securities laws of any state of the
United States. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will be subject to 

  
 B-1 

	 	
the restrictions on transfer enumerated in the Private Placement Legend printed on the 144A Global Note and/or the Restricted Definitive Note and in the Indenture and the Securities Act.

  

	2.     ☐	Check if Transferee will take delivery of a beneficial interest in the Regulation S Temporary Global Note, the Regulation S Permanent Global Note or a Restricted Definitive Note pursuant to Regulation S.
The Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act and, accordingly, the Transferor hereby further certifies that (i) the Transfer is not being made to a Person in the United
States and (x) at the time the buy order was originated, the Transferee was outside the United States or such Transferor and any Person acting on its behalf reasonably believed and believes that the Transferee was outside the United States or
(y) the transaction was executed in, on or through the facilities of a designated offshore securities market and neither such Transferor nor any Person acting on its behalf knows that the transaction was prearranged with a buyer in the United
States, (ii) no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or Rule 904(b) of Regulation S under the Securities Act, (iii) the transaction is not part of a plan or scheme to evade the
registration requirements of the Securities Act and (iv) if the proposed transfer is being made prior to the expiration of the Restricted Period, the transfer is not being made to a U.S. Person or for the account or benefit of a U.S. Person
(other than an Initial Purchaser). Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will be subject to the restrictions on Transfer enumerated in the
Private Placement Legend printed on the Regulation S Permanent Global Note, the Regulation S Temporary Global Note and/or the Restricted Definitive Note and in the Indenture and the Securities Act. 

 

	3.     ☐	Check and complete if Transferee will take delivery of a beneficial interest in the IAI Global Note or a Restricted Definitive Note pursuant to any provision of the Securities Act other than Rule 144A or
Regulation S. The Transfer is being effected in compliance with the transfer restrictions applicable to beneficial interests in Restricted Global Notes and Restricted Definitive Notes and pursuant to and in accordance with the Securities Act
and any applicable blue sky securities laws of any state of the United States, and accordingly the Transferor hereby further certifies that (check one): 

  

	 	(a)     ☐	such Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act; 

or 
  

	 	(b)     ☐	such Transfer is being effected pursuant to an effective registration statement under the Securities Act and in compliance with the prospectus delivery requirements of the Securities Act; 

  
 B-2 

 or 
  

	 	(c)     ☐	such Transfer is being effected to an Institutional Accredited Investor and pursuant to an exemption from the registration requirements of the Securities Act other than Rule 144A, Rule 144, Rule 903 or Rule 904, and the
Transferor hereby further certifies that it has not engaged in any general solicitation within the meaning of Regulation D under the Securities Act and the Transfer complies with the transfer restrictions applicable to beneficial interests in a
Restricted Global Note or Restricted Definitive Notes and the requirements of the exemption claimed, which certification is supported by (1) a certificate executed by the Transferee in the form of Exhibit D to the Indenture and
(2) an Opinion of Counsel provided by the Transferor or the Transferee (a copy of which the Transferor has attached to this certification), to the effect that such Transfer is in compliance with the Securities Act. Upon consummation of the
proposed transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the IAI Global Note and/or
the Restricted Definitive Notes and in the Indenture and the Securities Act. 

  

	4.     ☐	Check if Transferee will take delivery of a beneficial interest in an Unrestricted Global Note or of an Unrestricted Definitive Note. 

 

	 	(a)     ☐	Check if Transfer is pursuant to Rule 144. (i) The Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act and in compliance with the transfer restrictions contained in the
Indenture and any applicable blue sky securities laws of any state of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the
Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will no longer be subject to the restrictions on transfer enumerated in the Private
Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and in the Indenture. 

  

	 	(b)     ☐	 Check if Transfer is pursuant to Regulation S. (i) The Transfer is being effected pursuant to and in
accordance with Rule 903 or Rule 904 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and (ii) the restrictions on
transfer contained in the Indenture and the 

  
 B-3 

	 	
Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the
transferred beneficial interest or Definitive Note will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and in the Indenture.

  

	 	(c)     ☐	Check if Transfer is pursuant to other exemption. (i) The Transfer is being effected pursuant to and in compliance with an exemption from the registration requirements of the Securities Act other than Rule
144, Rule 903 or Rule 904 and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any State of the United States and (ii) the restrictions on transfer contained in the Indenture
and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive
Note will not be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes or Restricted Definitive Notes and in the Indenture. 

This certificate and the statements contained herein are made for your benefit and the benefit of the Company. 

 

			
	  
 [Insert
Name of Transferor]

		
	By:  	 	                                      
                                         
 
		 	Name:
		 	Title:

Dated:                         
                    

  
 B-4 

 ANNEX A TO CERTIFICATE OF TRANSFER 

 

							
	1.	 	The Transferor owns and proposes to transfer the following:
	
	[CHECK ONE OF (a) OR (b)]
				
		 	(a)	  	☐	  	a beneficial interest in the:
				
		 		  	(i)	  	 ☐    144A Global Note (CUSIP US315786AC73), or

				
		 		  	(ii)	  	 ☐    Regulation S Global Note (CUSIP USU30050AB14), or

				
		 		  	(iii)	  	 ☐    IAI Global Note (CUSIP
[                ]), or

				
		 	(b)	  	☐	  	a Restricted Definitive Note.
		
	2.	 	After the Transfer the Transferee will hold:
	
	[CHECK ONE]
				
		 	(a)	  	☐	  	a beneficial interest in the:
				
		 		  	(i)	  	 ☐    144A Global Note (CUSIP US315786AC73), or

				
		 		  	(ii)	  	 ☐    Regulation S Global Note (CUSIP USU30050AB14), or

				
		 		  	(iii)	  	 ☐    IAI Global Note (CUSIP
[                ]), or

				
		 		  	(iv)	  	 ☐    Unrestricted Global Note CUSIP
[                ], or

				
		 	(b)	  	☐	  	a Restricted Definitive Note; or
				
		 	(c)	  	☐	  	an Unrestricted Definitive Note,
		
		 	in accordance with the terms of the Indenture.

  
 B-5 

 EXHIBIT C 

FORM OF CERTIFICATE OF EXCHANGE 

Fidelity & Guaranty Life Holdings, Inc. 
 1001 Fleet
Street, 6th Floor 
 Baltimore, MD 21202 

Attention: General Counsel 
 Wells Fargo Bank, National
Association 
 600 South Fourth Street, 7th Floor 
 MAC N9300-070 
 Minneapolis, MN 55415 

Phone: 1-800-344-5128Fax No.: (866) 969-1290 
 Email: DAPSReorg@wellsfargo.com 

Re: [     ]% Senior Notes due 20[  ] 

Reference is hereby made to the Indenture, dated as of April 20, 2018 (the “Indenture”), among Fidelity &
Guaranty Life Holdings, Inc., as issuer (the “Company”), the Guarantors named therein and Wells Fargo Bank, National Association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the
Indenture. 

                       
      (the “Owner”) owns and proposes to exchange the Note[s] or interest in such Note[s] specified herein, in the principal amount of
$                 in such Note[s] or interests (the “Exchange”). In connection with the Exchange, the Owner hereby certifies that: 

1. Exchange of Restricted Definitive Notes or Beneficial Interests in a Restricted Global Note for Unrestricted Definitive Notes or
Beneficial Interests in an Unrestricted Global Note. 
 (a) ☐ Check if Exchange is from beneficial interest in a Restricted
Global Note to beneficial interest in an Unrestricted Global Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a beneficial interest in an Unrestricted Global Note in an equal principal
amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Global
Notes and pursuant to and in accordance with the United States Securities Act of 1933, as amended (the “Securities Act”), (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not
required in order to maintain compliance with the Securities Act and (iv) the beneficial interest in an Unrestricted Global Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United States.

  
 C-1 

 (b) ☐ Check if Exchange is from beneficial interest in a Restricted Global Note to
Unrestricted Definitive Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for an Unrestricted Definitive Note, the Owner hereby certifies (i) the Definitive Note is being acquired for
the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with the Securities Act, (iii) the
restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Definitive Note is being acquired in compliance with any applicable blue
sky securities laws of any state of the United States. 
 (c) ☐ Check if Exchange is from Restricted Definitive Note to beneficial
interest in an Unrestricted Global Note. In connection with the Owner’s Exchange of a Restricted Definitive Note for a beneficial interest in an Unrestricted Global Note, the Owner hereby certifies (i) the beneficial interest is being
acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Notes and pursuant to and in accordance with the Securities Act,
(iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest is being acquired in compliance with
any applicable blue sky securities laws of any state of the United States. 
 (d) ☐ Check if Exchange is from Restricted Definitive
Note to Unrestricted Definitive Note. In connection with the Owner’s Exchange of a Restricted Definitive Note for an Unrestricted Definitive Note, the Owner hereby certifies (i) the Unrestricted Definitive Note is being acquired for
the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Notes and pursuant to and in accordance with the Securities Act, (iii) the
restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Unrestricted Definitive Note is being acquired in compliance with any
applicable blue sky securities laws of any state of the United States. 
 2. Exchange of Restricted Definitive Notes or Beneficial
Interests in Restricted Global Notes for Restricted Definitive Notes or Beneficial Interests in Restricted Global Notes. 
 (a)
☐ Check if Exchange is from beneficial interest in a Restricted Global Note to Restricted Definitive Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a Restricted Definitive
Note with an equal principal amount, the Owner hereby certifies that the Restricted Definitive Note is being acquired for the Owner’s own account without transfer. Upon consummation of the proposed Exchange in accordance with the terms of the
Indenture, the Restricted Definitive Note issued will continue to be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Definitive Note and in the Indenture and the Securities Act. 

  
 C-2 

 (b) ☐ Check if Exchange is from Restricted Definitive Note to beneficial interest in a
Restricted Global Note. In connection with the Exchange of the Owner’s Restricted Definitive Note for a beneficial interest in the [CHECK ONE] ☐ 144A Global Note, ☐ Regulation S Global Note, ☐ IAI Global Note with an equal
principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer and (ii) such Exchange has been effected in compliance with the transfer restrictions applicable
to the Restricted Global Notes and pursuant to and in accordance with the Securities Act, and in compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Exchange in accordance with
the terms of the Indenture, the beneficial interest issued will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the relevant Restricted Global Note and in the Indenture and the Securities Act. 

  
 C-3 

 This certificate and the statements contained herein are made for your benefit and the benefit of
the Company. 
  

			
	  
 [Insert
Name of Transferor]

		
	By:  	 	  

		 	Name:
		 	Title:

Dated:                         
                

  
 C-4 

 EXHIBIT D 

FORM OF CERTIFICATE FROM 

ACQUIRING INSTITUTIONAL ACCREDITED INVESTOR 

Fidelity & Guaranty Life Holdings, Inc. 
 1001 Fleet
Street, 6th Floor 
 Baltimore, MD 21202 

Attention: General Counsel 
 Wells Fargo Bank, National
Association 
 600 South Fourth Street, 7th Floor 
 MAC N9300-070 
 Minneapolis, MN 55415 

Phone: 1-800-344-5128Fax No.: (866) 969-1290 
 Email: DAPSReorg@wellsfargo.com 

Re: [     ]% Senior Notes due 20[  ] 

Reference is hereby made to the Indenture, dated as of April 20, 2018 (the “Indenture”), among Fidelity &
Guaranty Life Holdings, Inc., as issuer (the “Company”), the Guarantors named therein and Wells Fargo Bank, National Association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the
Indenture. 
 In connection with our proposed purchase of
$                         aggregate principal amount of: 

(a) ☐ a beneficial interest in a Global Note, or 

(b) ☐ a Definitive Note, 

we confirm that: 
 1. We
understand that any subsequent transfer of the Notes or any interest therein is subject to certain restrictions and conditions set forth in the Indenture and the undersigned agrees to be bound by, and not to resell, pledge or otherwise transfer the
Notes or any interest therein except in compliance with, such restrictions and conditions and the Securities Act of 1933, as amended (the “Securities Act”). 

2. We understand that the offer and sale of the Notes have not been registered under the Securities Act, and that the Notes and any interest
therein may not be offered or sold except as permitted in the following sentence. We agree, on our own behalf and on behalf of any accounts for which we are acting as hereinafter stated, that if we should sell the Notes or any interest therein, we
will do so only (A) to the Company or any subsidiary thereof, (B) in accordance with Rule 144A under the Securities Act to a “qualified institutional buyer” 

  
 D-1 

 
(as defined therein), (C) to an institutional “accredited investor” (as defined below) that, prior to such transfer, furnishes (or has furnished on its behalf by a U.S. broker-dealer)
to you and to the Company a signed letter substantially in the form of this letter and an Opinion of Counsel in form reasonably acceptable to the Company to the effect that such transfer is in compliance with the Securities Act, (D) outside the
United States in accordance with Rule 904 of Regulation S under the Securities Act, (E) pursuant to the provisions of Rule 144 under the Securities Act or (F) pursuant to an effective registration statement under the Securities Act, and we
further agree to provide to any Person purchasing the Definitive Note or beneficial interest in a Global Note from us in a transaction meeting the requirements of clauses (A) through (E) of this paragraph a notice advising such purchaser that
resales thereof are restricted as stated herein. 
 3. We understand that, on any proposed resale of the Notes or beneficial interest
therein, we will be required to furnish to you and the Company such certifications, legal opinions and other information as you and the Company may reasonably require to confirm that the proposed sale complies with the foregoing restrictions. We
further understand that the Notes purchased by us will bear a legend to the foregoing effect. 
 4. We are an institutional
“accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act) and have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and
risks of our investment in the Notes, and we and any accounts for which we are acting are each able to bear the economic risk of our or its investment. 

5. We are acquiring the Notes or beneficial interest therein purchased by us for our own account or for one or more accounts (each of which
is an institutional “accredited investor”) as to each of which we exercise sole investment discretion. 
 You and the Company are
entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. 

 

			
	  

		 	[Insert Name of Accredited Investor]            
		
	By:  	 	  

		 	Name:
		 	Title:

 Dated:
                                        

  
 D-2 

 EXHIBIT E 

FORM OF SUPPLEMENTAL INDENTURE 
 TO
BE DELIVERED BY SUBSEQUENT GUARANTORS 
 SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of
                            , among
                             (the “Subsequent Guarantor”), [a subsidiary][the
indirect parent] of FIDELITY & GUARANTY LIFE HOLDINGS, INC. (or its permitted successor), a Delaware corporation (the “Company”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as trustee
(together with its successors and assigns, in such capacity, the “Trustee”) under the Indenture referred to below. 

WHEREAS, the Company and the Guarantors have heretofore executed and delivered to the Trustee an indenture (the
“Indenture”), dated as of April 20, 2018 providing for the issuance of [    ]% Senior Notes due 20[    ] (the “Notes”); 

WHEREAS, the Indenture provides that under certain circumstances the Subsequent Guarantor shall execute and deliver to the Trustee a
supplemental indenture pursuant to which the Subsequent Guarantor shall unconditionally guarantee all of the Company’s obligations under the Notes and the Indenture on the terms and conditions set forth herein (the
“Guarantee”); and 
 WHEREAS, pursuant to Section 9.1 of the Indenture, the Trustee is
authorized to execute and deliver this Supplemental Indenture. 
 NOW, THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the benefit of the Holders of the Notes as follows: 

1. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. 

2. Agreement to Guarantee. The Subsequent Guarantor acknowledges that it has received and reviewed a copy of the Indenture and
all other documents it deems necessary to review in order to enter into this Supplemental Indenture, and acknowledges and agrees to (i) join and become a party to the Indenture as indicated by its signature below; (ii) be bound by the
Indenture, as of the date hereof, as if made by, and with respect to, each signatory hereto; and (iii) perform all obligations and duties required of a Guarantor pursuant to the Indenture. The Subsequent Guarantor hereby agrees to provide an
unconditional Guarantee on the terms and subject to the conditions set forth in the Indenture, including, but not limited to, Article X thereof. 

3. Execution and Delivery. The Subsequent Guarantor agrees that the Guarantee shall remain in full force and effect
notwithstanding the absence of the endorsement of any notation of such Guarantee on the Notes. 

  
 E-1 

 4. No Recourse Against Others. No past, present or future director, officer, employee,
incorporator, member, partner or stockholder of the Company or any of the Guarantors shall have any liability for any obligations of the Company or its Restricted Subsidiaries under the Notes, the Indenture, this Supplemental Indenture, the
Guarantees or for any claim based on, in respect of, or by reason of such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release shall be part of the consideration for the
issuance of the Notes and the Guarantees. 
 5. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 6. Waiver of Jury Trial. EACH PARTY HERETO WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HERETO HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

7. Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but
all of them together represent the same agreement. This Supplemental Indenture may be executed in multiple counterparts which, when taken together, shall constitute one instrument. The exchange of copies of this Supplemental Indenture and of
signature pages by facsimile or PDF transmissions shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures
of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 
 8. Effect of
Headings. The Section headings herein have been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 

9. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this
Supplemental Indenture or for or 
 in respect of the recitals contained herein, all of which recitals are made solely by the Subsequent
Guarantor and the Company. 

  
 E-2 

 10.Benefits Acknowledged. The Subsequent Guarantor’s Guarantee is subject to
the terms and conditions set forth in the Indenture. The Subsequent Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and this Supplemental Indenture and
that the guarantee and waivers made by it pursuant to its Guarantee are knowingly made in contemplation of such benefits. 
 11.
Successors. All agreements of the Subsequent Guarantor in this Supplemental Indenture shall bind its successors, except as otherwise provided in this Supplemental Indenture. All agreements of the Trustee in this Supplemental Indenture
shall bind their respective successors. 
 [Remainder of Page Intentionally Left Blank] 

  
 E-3 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed, all as of the date first above written. 
  

			
	FIDELITY & GUARANTY LIFE HOLDINGS, INC.
		
	By:	  	                                     
                           
		  	Name:
		  	Title:
	
	[SUBSEQUENT GUARANTOR]
		
	By:	  	                                     
                           
		  	Name:
		  	Title:

  
 E-4 

 
			
	 WELLS FARGO BANK, NATIONAL

ASSOCIATION, as Trustee

		
	By:	 	  

		 	Name:
		 	Title:

  
 E-5 

 EXHIBIT F 

FORM OF SUPPLEMENTAL INDENTURE ESTABLISHING A SERIES OF NOTES 

FIDELITY & GUARANTY LIFE HOLDINGS, INC. 

as Issuer 
 and 

the Guarantors from time to time party to the Indenture 

and 
 [NAME] 

as Trustee 
  

         

[            ] SUPPLEMENTAL INDENTURE 

DATED AS OF [    ], 20[   ] 
  

         

[    ]% Senior Notes Due 20[ ] 

  
 F-1 

 [            ]9 SUPPLEMENTAL INDENTURE, dated as of [              ], 20[    ] (this “Supplemental
Indenture”), among Fidelity & Guaranty Life Holdings, Inc.10 (the “Company”), the Guarantors under the Indenture referred to below (the
“Guarantors”), and Wells Fargo Bank, National Association, as Trustee under the Indenture referred to below. 
 W I T N E S
S E T H: 
 WHEREAS, the Company, the Guarantors and the Trustee, are party to an Indenture, dated as of April 20, 2018 (as amended,
supplemented, waived or otherwise modified, the “Indenture”), relating to the issuance from time to time by the Company of Notes; 

[WHEREAS, Section 9.1(xii) of the Indenture provides that the Company may provide for the issuance of Notes of any series as permitted by
Section 2.2 therein]; 
 WHEREAS, in connection with the issuance of the [      ] Notes (as defined
herein), the Company has duly authorized the execution and delivery of this Supplemental Indenture to establish the forms and terms of the [         ] Notes as hereinafter described; and 

WHEREAS, pursuant to Section 9.1 of the Indenture, the parties hereto are authorized to execute and deliver this Supplemental Indenture
to amend the Indenture, without the consent of any Holder; 
 NOW, THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the Company, the Guarantors and the Trustee mutually covenant and agree for the benefit of the Holders of the Notes as follows: 

1. Defined Terms. As used in this Supplemental Indenture, terms defined in the Indenture or in the preamble or recital hereto are used
herein as so defined. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular section
hereof. 
 2. Title of Notes. There shall be a series of Notes of the Company designated the “[    ]%11 Senior Notes due 20[    ]”12 (the “[
    ]13 Notes”). 
  

 
  

	9 	Insert supplement number. 

  

	10 	Replace company name with that of any successor, if applicable. 

  

	11 	Insert interest rate. 

  
 F-2 

 3. Maturity Date. The final Stated Maturity of the [    ] Notes shall
be [[            ], 20[    ]].14 

4. Interest and Interest Rates. Interest on the outstanding principal amount of
[            ] Notes will accrue at the rate of [    ]%15 per annum and will be payable semi-annually in arrears on
[[    ] and [        ]]16 in each year, commencing on [[            ],
20[    ]],17 to holders of record on the immediately preceding [[    ] and [            ]],18 respectively (each such [        ] and [        ], a “Record Date”). Interest on the
[    ] Notes will accrue from the most recent date to which interest has been paid or provided for or, if no interest has been paid, from [            ],
20[    ], except that interest on any Additional [            ] Notes (as defined below) issued on or after the first Interest Payment Date will accrue (or will be
deemed to have accrued) from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid on such Additional [            ] Notes, from the
Interest Payment Date immediately preceding the date of issuance of such Additional [            ] Notes (or if the date of issuance of such Additional
[            ] Notes is an Interest Payment Date, from such date of issuance); provided that if any [            ] Note is
surrendered for exchange on or after a record date for an Interest Payment Date that will occur on or after the date of such exchange, interest on such Note received in exchange thereof will accrue from such Interest Payment Date. Interest shall be
computed on the basis of a 360-day year of twelve 30-day months. 

5.    [No] Limitation on Aggregate Principal Amount. The aggregate principal amount of
[        ] Notes that may be authenticated, delivered and outstanding under the Indenture is [not limited] [limited to $[        ]].19 [The aggregate principal amount of the [    ] Notes shall initially be $[        ]20

  
  

Footnote continued from previous page. 
  

	12 	Insert year during which the maturity date falls. 

  

	13 	Insert title of notes. 

  

	14 	Insert Maturity Date. 

  

	15 	Insert interest rate. 

  

	16 	Insert Interest Payment Dates. 

  

	17 	Insert First Interest Payment Date. 

  

	18 	Insert Record Dates. 

  

	19 	Insert whether the applicable series of Notes will be limited or not. 

  
 F-3 

 
million.]21 [The aggregate principal amount of the [    ] Notes issued pursuant to this Supplemental Indenture shall be
$[        ] million.]22 The Company may from time to time, without the consent of the Holders, create and issue Additional Notes having the same terms and
conditions as the Notes in all respects except for issue date and, if applicable, issue price and the first date on which interest accrues and the first payment of interest thereon. Additional Notes issued in this manner will be consolidated with,
and will form a single series with, the [        ] Notes (any such Additional Notes, “Additional [         ] Notes”),
unless otherwise specified for Additional Notes in an applicable Notes Supplemental Indenture, or otherwise designated by the Company, as contemplated by Section 2.2 of the Indenture. 

 

	 	6.	Redemption. 

  

	 	◾	Except as set forth in clauses (b), (c) and (d) of this Paragraph 6, the [       ] Notes are not redeemable until [         ]23. On and after [         ] (the “Par Call Date”), the Company may redeem all or, from time to time, a part of
the[         ] Notes at 100.0% of principal amount of the [         ] Notes to be redeemed) plus accrued and unpaid interest on the
[         ] Notes, if any, to, but excluding, the Par Call Date (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date that is
prior to the Par Call Date). 

  

	 	◾	In addition, at any time prior to [         ]24, the Company may redeem the [        
] Notes, in whole or in part, at a redemption price equal to 100% of the principal amount thereof plus the Applicable Premium, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date (subject to the right of
Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date). 

  

 
 Footnote continued from previous page. 

 

	20 	Insert principal amount of issuance. 

  

	21 	Insert for the initial notes of any applicable series. 

  

	22 	Insert for the Additional Notes of any applicable series. 

  

	23 	Insert date upon which Notes are callable. 

  

	24 	Insert date upon which Notes are callable. 

  
 F-4 

	 	◾	If Holders of not less than [       ]%25 in aggregate principal amount of the outstanding [       ] Notes
validly tender and do not withdraw such Notes in a Change of Control Offer and the Company, or any third party making a Change of Control Offer in lieu of the Company as described under Section 3.9 of the Indenture,
purchases all of the [       ] Notes validly tendered and not withdrawn by such Holders in such Change of Control Offer, all of the holders of [       ] Notes will be deemed to have
consented to such tender offer or other offer, and, accordingly, the Company or such third party may elect, upon not less than 15 nor more than 60 days’ prior notice, to redeem all [       ] Notes that remain
outstanding following the consummation of the Change of Control Offer at a redemption price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to but excluding, the applicable redemption date;
provided that the Company or the applicable third party must provide any such notice of redemption within 30 days following the Change of Control Payment Date. 

 

	 	◾	Any redemption pursuant to this paragraph 6 shall be made pursuant to the provisions of Section 5.1, and Sections 5.2 through 5.8 of the Indenture. 

 

	 	◾	In connection with any redemption of Notes (including with the Net Cash Proceeds of an Equity Offering), any such redemption may, at the Company’s discretion, be subject to one or more conditions precedent,
including, but not limited to, consummation of any Equity Offering, incurrence of Indebtedness, or acquisition, merger or consolidation. In addition, if such redemption or notice is subject to satisfaction of one or more conditions precedent, such
notice shall state that, in the Company’s discretion, the redemption date may be delayed until such time as any or all such conditions shall be satisfied (or waived by the Company in its sole discretion), or such redemption may not occur and
such notice may be rescinded (by the Company in its sole discretion) in the event that any or all such conditions shall not have been satisfied (or waived by the Company in its sole discretion) by the redemption date, or by the redemption date so
delayed. 

  

	 	◾	For purposes of this paragraph 6, the following terms shall have the following meanings: 

  

 
  

	25 	Insert minimum tender percentage. 

  
 F-5 

 “Applicable Premium” means, as determined by the Parent with respect to a Note
on any Redemption Date, the greater of: 
 (1) 1.0% of the principal amount of such Note; and 

(2) the excess, if any, of (a) the present value as of such Redemption Date of (i) the redemption price of such Note on the Par Call
Date as set forth in Paragraph 6(a) hereof, plus (ii) the remaining scheduled interest payments due on such Note through the Par Call Date (excluding accrued but unpaid interest to the Redemption Date), computed using a discount
rate equal to the Treasury Rate as of such Redemption Date plus 50 basis points, over (b) the then outstanding principal amount of such Note. 

“Treasury Rate” means, as obtained by the Company, the yield to maturity at the time of computation of United States Treasury
securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has become publicly available at least two Business Days prior to the Redemption Date (or, if such Statistical
Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the Redemption Date to the Par Call Date; provided, however, that if the period from the Redemption Date to the
Par Call Date is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation (calculated to the nearest
one-twelfth of a year) from the weekly average yields of United States Treasury securities for which such yields are given. 

7. [            ]26 

8. Form. The [        ] Notes shall be issued substantially in the form set forth, or
referenced, in Article II of the Indenture, and Exhibit A attached to the Indenture, in each case as provided for in Section 2.1 of the Indenture (as such form may be modified in accordance with Section 2.2 of the Indenture). 

9. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 
 10. Waiver of Jury Trial. EACH PARTY HERETO WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE
TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT (WHETHER BASED ON CONTRACT, TORT 
  

 
  

	26 	 Include appropriate provisions in accordance with Section 2.2(7) and/or Section 2.2(8) of the
Indenture. 

  
 F-6 

 
OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HERETO HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD
NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION. 
 11. Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as expressly amended hereby, the
Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of
Notes heretofore or hereafter authenticated and delivered shall be bound hereby. The Trustee makes no representation or warranty as to the validity or sufficiency of this Supplemental Indenture or as to the accuracy of the recitals to this
Supplemental Indenture. 
 12. Counterparts. The parties hereto may sign one or more copies of this Supplemental Indenture in
counterparts, all of which together shall constitute one and the same agreement. 
 13. Headings. The section headings herein are for
convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof. 

  
 F-7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00282-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00282-of-00352.parquet"}]]