Document:

First Amendment to Purchase and Sale Agreement

 Exhibit 10.4 
 FIRST AMENDMENT TO 
 PURCHASE AND SALE AGREEMENT 
 This First Amendment to the Purchase and Sale Agreement (the “First Amendment”) is made and entered into effective the 10th day of April, 2006,
by and between FUND I AND FUND II TUCKER, a Georgia general partnership (“Seller”) and ADVANCE REALTY SERVICE, INC., a Georgia corporation (“Purchaser”). 
 W I T N E S S E T H: 
 WHEREAS, the Seller and Purchaser have entered into that certain Purchase and Sale Agreement dated March 1, 2006, as it may now or hereafter be properly amended (the “Agreement”); and 
 WHEREAS, the parties hereto desire to amend the Agreement as hereinafter set forth. 
 NOW, THEREFORE, for and in consideration of the foregoing premises, the mutual covenants and agreements set forth herein, and other good and valuable
consideration, all of which each party respectively agrees constitutes sufficient consideration received at or before the execution hereof, the parties hereto do hereby agree as follows: 
 1. Ratification of the Purchase Agreement. Except as specifically amended hereby, the Agreement shall continue in full force and effect according
to its terms. The parties hereto, by their execution hereof, do hereby ratify, affirm and agree to continue to be bound by the Agreement, as amended, nothing herein being deemed a waiver of strict compliance with the terms thereof. 
 2. Purchase Price. Subsection 3.1.1 is hereby deleted in its entirety and replaced with the following new Subsection 3.1.1: 
 “3.1.1 The Purchase Price for the Property shall be Four Million Two Hundred Fifteen Thousand and no/100 Dollars ($4,215,000.00), subject to
adjustment as provided for in Section 7 hereof.” 
 3. Additional Earnest Money. Section 4.1 is hereby deleted in its
entirety and replaced with the following new Section 4.1: 
 “4.1 Additional Earnest Money. In the event Purchaser does not
terminate this Agreement prior to the Financing Date, Purchaser shall deposit the additional sum of Twenty-Five Thousand Dollars ($25,000) with Escrow Agent as Additional Earnest Money. The Additional Earnest Money shall be held along with the
Earnest Money Deposit and shall collectively be referred to as the “Earnest Money”.” 
 4. Leasing Commissions. Seller
agrees to pay at Closing any and all leasing commissions owed to Seller, Leo Wells, Wells and Associates or The Dryman Team for any and all leases at the Property in effect at the Property as of the date of this First Amendment; provided, however,
Purchaser shall be responsible for any leasing commissions payable with respect to (i) tenant leases executed after the date of this First Amendment which are approved by Purchaser, (ii) any existing leases which are extended or renewed by
such tenants from and after the date of this First Amendent, or (iii) any leasing commissions due and payable with respect to any existing leases which are payable over the term of such leases. 
 5. Conditions Precedent to Closing. Section 13.1 is hereby amended by adding the following new Paragraph 13.1.1(c) and the following new
Subsection 13.1.4: 
 “(c) Purchaser’s receipt of a loan commitment from Piedmont Bank of Georgia in an amount necessary to finance
the acquisition of the Property on or before April 21, 2006 (the “Financing Date”).” 

 “13.1.4 If the condition precedent in Paragraph 13.1.1(c) is not satisfied or waived by the
Purchaser prior to the Financing Date, then the Purchaser may terminate this Agreement by written notice to Seller given on or prior to the Financing Date, whereupon the Earnest Money, to the extent paid, shall be refunded to Purchaser on demand and
neither party shall have any further rights or obligations with respect hereto except as specifically set forth herein.” 
 6.
Inspection Date. Seller and Purchaser acknowledge and agree that the condition precedent set forth in Paragraph 13.1.1(a) has been satisfied by Purchaser prior to the Inspection Date, and that Purchaser has accepted the Property, and the
Earnest Money deposit shall be non-refundable, except for Seller’s failure to satisfy the condition precedent set forth in Paragraphs 13.1.1(b) or 13.1.1(c) of the Agreement. 
 7. Counterpart Execution. This First Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of
which shall constitute one instrument. Further, a facsimile signature of either party on any counterpart may be relied upon as an original signature. 
 IN WITNESS WHEREOF, the parties hereto have duly signed, sealed and delivered this First Amendment effective on the day and year first above written. 
  

					
	“SELLER”
	
	FUND I AND FUND II TUCKER, a
	Georgia general partnership
		
	By:	 	Wells Real Estate Fund I, a Georgia limited partnership, its general partner
		
	By:	 	Wells Capital, Inc., its general partner
			
		 	By:	 	 /s/ Douglas P. Williams

		 	Name:	 	Douglas P. Williams
		 	Title:	 	Senior Vice President
		
	By:	 	Wells Real Estate Fund II, a Georgia limited partnership, its general partner
		
	By:	 	Wells Capital, Inc., its general partner
			
		 	By:	 	 /s/ Douglas P. Williams

		 	Name:	 	Douglas P. Williams
		 	Title:	 	Senior Vice President

  

			
	“PURCHASER”
	
	 ADVANCE REALTY SERVICE, INC.,
 a
Georgia corporation

		
	By:	 	 /s/ Dan Decraene

	Name:	 	Dan Decraene
	Title:	 	CEO

  

 2Collateral Agreement

 Exhibit 10.1 
  

 COLLATERAL AGREEMENT 
 dated as of 
 April 23, 2004, 
 among 
 DELCO REMY INTERNATIONAL, INC. 
 THE SUBSIDIARIES OF 
 DELCO REMY INTERNATIONAL,
INC. 
 IDENTIFIED HEREIN 
 and

 DEUTSCHE BANK NATIONAL TRUST COMPANY 
 as Collateral Agent 
  

 TABLE OF CONTENTS 
  

					
	ARTICLE I	  	
		
	Definitions	  	
			
	SECTION 1.01.	 	Indenture	  	2
	SECTION 1.02.	 	Other Defined Terms	  	2
	SECTION 1.03.	 	Rules of Interpretation	  	6
		
	ARTICLE II	  	
		
	Pledge of Securities	  	
			
	SECTION 2.01.	 	Pledge	  	6
	SECTION 2.02.	 	Delivery of the Pledged Collateral	  	7
	SECTION 2.03.	 	Representations, Warranties and Covenants	  	8
	SECTION 2.04.	 	Certification of Limited Liability Company and Limited Partnership Interests	  	9
	SECTION 2.05.	 	Registration in Nominee Name; Denominations	  	10
	SECTION 2.06.	 	Voting Rights; Dividends and Interest	  	10
		
	ARTICLE III	  	
		
	Security Interests in Personal Property	  	
			
	SECTION 3.01.	 	Security Interest	  	12
	SECTION 3.02.	 	Representations and Warranties	  	14
	SECTION 3.03.	 	Covenants	  	15
	SECTION 3.04	 	Other Actions	  	19
	SECTION 3.05.	 	Covenants Regarding Patent, Trademark and Copyright Collateral	  	22
		
	ARTICLE IV	  	
		
	Remedies	  	
			
	SECTION 4.01.	 	Remedies Upon Default	  	24
	SECTION 4.02.	 	Application of Proceeds	  	26
	SECTION 4.03.	 	Grant of License to Use Intellectual Property	  	26
	SECTION 4.04.	 	Securities Act	  	26
	SECTION 4.05.	 	Registration	  	27

  

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 ARTICLE V 
 [This Article and SECTION intentionally left blank] 
 ARTICLE VI 
 Miscellaneous 
  

					
	SECTION 6.01.	 	Notices	  	28
	SECTION 6.02.	 	Waivers; Amendment	  	28
	SECTION 6.03.	 	Collateral Agent’s Fees and Expenses; Indemnification	  	29
	SECTION 6.04.	 	Successors and Assigns	  	32
	SECTION 6.05.	 	Survival of Agreement	  	32
	SECTION 6.06.	 	Counterparts; Effectiveness; Several Agreement	  	32
	SECTION 6.07.	 	Severability	  	33
	SECTION 6.08.	 	Right of Set-Off	  	33
	SECTION 6.09.	 	Governing Law; Jurisdiction; Consent to Service of Process	  	33
	SECTION 6.10.	 	WAIVER OF JURY TRIAL	  	34
	SECT1ON 6.11.	 	Headings	  	34
	SECTION 6.12.	 	Security Interest Absolute	  	34
	SECTION 6.13.	 	Termination or Release	  	35
	SECTION 6.14.	 	Additional Subsidiaries	  	35
	SECTION 6.15.	 	Subject to Intercreditor Agreement	  	35
			
	Schedules	 		  	
			
	Schedule I	 	Subsidiary Parties	  	
	Schedule II	 	Capital Stock; Debt Securities	  	
	Schedule III	 	Intellectual Property	  	
	Schedule IV	 	Mortgaged Properties	  	
	Schedule V	 	Commercial Tort Claims	  	
			
	Exhibits	 		  	
			
	Exhibit I	 	Form of Supplement	  	
	Exhibit II	 	Form of Assignment of Security (Trademarks)	  	
	Exhibit III	 	Form of Assignment of Security (Patents)	  	
	Exhibit IV	 	Form of Assignment of Security (Copyrights)	  	
	Exhibit V	 	Perfection Certificate	  	

  

 ii 

 COLLATERAL AGREEMENT dated as of April 23, 2004, among DELCO REMY INTERNATIONAL,
INC., the Subsidiary Parties identified herein and Deutsche Bank National Trust Company, as Collateral Agent. 
 WHEREAS pursuant to the
terms, conditions and provisions of (a) the Indenture dated as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the “Indenture”), among Delco Remy International, Inc. (the
“Company”), the Subsidiary Parties (as defined below) and Deutsche Bank National Trust Company, as trustee (the “Trustee”), and (b) the Purchase Agreement dated as of April 8, 2004, (the “Purchase
Agreement”) among the Company, the Subsidiary Parties, Credit Suisse First Boston LLC, Deutsche Bank AG and Wachovia Securities. LLC (the “Initial Purchasers”), the Company is issuing $125,000,000 aggregate principal amount
of Second Priority Senior Secured Notes due 2009 (the “Notes”), which will be guaranteed on a senior secured basis by each of the Subsidiaries Parties; 
 WHEREAS, pursuant to the Amended and Restated Loan and Security Agreement, dated as of October 3, 2003 (as further amended, supplemented or otherwise modified from time to time), among the Company, certain of its
subsidiaries party thereto or which become a party thereto (collectively with the Company, the “Credit Party Grantors”), certain lenders, Congress Financial Corporation (Central), as administrative agent and U.S. collateral agent,
and Wachovia Bank, National Association, as documentation agent, (the “Credit Agreement”), the Credit Party Grantors have granted to the Credit Agent (as defined below) a first-priority lien and security interest in the Collateral
(as defined below); 
 WHEREAS the Company, the Subsidiary Parties, the Collateral Agent and the Credit Agent have entered into an
Intercreditor Agreement, dated as of the date hereof (the “Intercreditor Agreement”), pursuant to which the lien upon and security interest in the Collateral granted by this Agreement are and shall be subordinated in all respects to
the lien upon and security interest in the Collateral granted pursuant to, and subject to the terms and conditions of, the Senior Lender Documents (as defined below); 
 WHEREAS each Grantor (as defined below) is executing and delivering this Agreement, pursuant to the terms of the Indenture to induce the Trustee to enter into the Indenture and, pursuant to the terms of the Purchase
Agreement to induce the Initial Purchasers to purchase the Notes; and 
 WHEREAS each Grantor has duly authorized the execution, delivery and
performance of this Agreement. 
 NOW, THEREFORE, for and in consideration of the premises, and of the mutual covenants herein contained, and
in order to induce the Trustee to enter into the Indenture and the Initial Purchasers to purchase the Notes, each Grantor and the Collateral Agent, on behalf of itself and each Secured Party (and each of their respective successors or assigns),
hereby agree as follows: 

 ARTICLE I 
 Definitions 
 SECTION 1.01. Indenture. Capitalized terms used in this Agreement and not
otherwise defined herein have the meanings specified in the Indenture. All terms defined in the New York UCC (as defined herein) and not defined in this Agreement have the meanings specified therein; the term “instrument” shall have the
meaning specified in Article 9 of the New York UCC. 
 SECTION 1.02. Other Defined Terms. As used in this Agreement, the following
terms have the meanings specified below: 
 “Account Debtor” means any Person who is or who may become obligated to any
Grantor under, with respect to or on account of an Account. 
 “Article 9 Collateral” has the meaning assigned to such term
in Section 3.01. 
 “Collateral” means Article 9 Collateral and Pledged Collateral. 
 “Collateral Agent” means the party named as such in this Agreement until a successor replaces it and, thereafter, means the successor.

 “Company” means Delco Remy International, Inc. and its successors. 
 “Copyright License” means any written agreement, now or hereafter in effect, granting any right to any third party under any copyright
now or hereafter owned by any Grantor or that such Grantor otherwise has the right to license, or granting any right to any Grantor under any copyright now or hereafter owned by any third party, and all rights of such Grantor under any such
agreement. 
 “Copyrights” means all of the following now owned or hereafter acquired by any Grantor: (a) all copyright
rights in any work subject to the copyright laws of the United States or any other country, whether as author, assignee, transferee or otherwise, and (b) all registrations and applications for registration of any such copyright in the United
States or any other country, including registrations, recordings, supplemental registrations and pending applications for registration in the United States Copyright Office, including those listed on Schedule III. 
 “Credit Agent” has the meaning assigned to such term in the Intercreditor Agreement. 
 “Credit Agreement” has the meaning assigned to such term in the recitals of this Agreement. 
 “Discharge of Senior Lender Claims” has the meaning assigned to such term in the Intercreditor Agreement. 
  

 2 

 “Effective Date” means April 23, 2004. 
 “Equity Interests” means shares of capital stock, partnership interests, membership interests in a limited liability company, beneficial
interests in a trust or other equity ownership interests in a Person. 
 “Federal Securities Laws” has the meaning assigned
to such term in Section 4.04. 
 “First-Lien Termination Date” means, subject to Section 5.6 of the Intercreditor
Agreement, the date on which the Discharge of Senior Lender Claims occurs. 
 “General Intangibles” means all choses in
action and causes of action and all other intangible personal property of every kind and nature (other than Accounts) now owned or hereafter acquired by any Grantor, including corporate or other business records, indemnification claims, contract
rights (including rights under leases, whether entered into as lessor or lessee, Hedging Obligations and other agreements), goodwill, registrations, franchises, tax refund claims and any letter of credit, guarantee, claim, security interest or other
security held by or granted to any Grantor to secure payment by an Account Debtor of any of the Accounts. 
 “Grantors”
means the Company and the Subsidiary Parties. 
 “Indenture” has the meaning assigned to such term in the recitals of
this Agreement. 
 “Indenture Documents” means (a) the Indenture, the Notes, and the Security Documents and
(b) any other related documents or instruments executed and delivered pursuant to the Indenture or any Security Document. 
 “Indenture Parties” means the Company and the Subsidiary Guarantors. 
 “Initial Purchaser” has
the meaning assigned to such term in the recitals of this Agreement. 
 “Intellectual Property” means all intellectual and
similar property of every kind and nature now owned or hereafter acquired by any Grantor, including inventions, designs, Patents, Copyrights, Licenses, Trademarks, trade secrets, confidential or proprietary technical and business information,
know-how, show-how or other data or information, software and databases and all embodiments or fixations thereof and related documentation, registrations and franchises, and all additions, improvements and accessions to, and books and records
describing or used in connection with, any of the foregoing. 
 “Intercreditor Agreement” has the meaning assigned to such
term in the recitals of this Agreement. 
  

 3 

 “License” means any Patent License, Trademark License, Copyright License or other license or
sublicense agreement to which any Grantor is a party, including those listed on Schedule III. 
 “Mortgaged Property” means,
initially, each parcel of real property and the improvements thereto owned by any Indenture Party and identified on Schedule IV hereto, and includes each other parcel of real property and improvements thereto with respect to which a Mortgage is
granted pursuant to Section 4.16 of the Indenture. 
 “New York UCC” means the Uniform Commercial Code as from time to
time in effect in the State of New York. 
 “Notes” has the meaning assigned to such term in the recitals of this Agreement.

 “Patent License” means any written agreement, now or hereafter in effect, granting to any third party any right to make,
use or sell any invention on which a patent, now or hereafter owned by any Grantor or that any Grantor otherwise has the right to license, is in existence, or granting to any Grantor any right to make, use or sell any invention on which a patent,
now or hereafter owned by any third party, is in existence, and all rights of any Grantor under any such agreement to the extent that the grant of a security interest does not cause a breach or termination thereof. 
 “Patents” means all of the following now owned or hereafter acquired by any Grantor: (a) all letters patent of the United States or
the equivalent thereof in any other country, all registrations and recordings thereof, and all applications for letters patent of the United States or the equivalent thereof in any other country, including registrations, recordings and pending
applications in the United States Patent and Trademark Office or any similar offices in any other country, including those listed on Schedule III, and (b) all reissues, continuations, divisions, continuations-in-part, renewals or extensions
thereof, and the inventions disclosed or claimed therein, including the right to make, use and/or sell the inventions disclosed or claimed therein. 
 “Perfection Certificate” means the certificates included as Exhibit V, completed and supplemented with the schedules and attachments contemplated thereby, and duly executed by an Officer of the Company. 
 “Pledged Collateral” has the meaning assigned to such term in Section 2.01. 
 “Pledged Debt Securities” has the meaning assigned to such term in Section 2.01. 
 “Pledged Securities” means any promissory notes, stock certificates or other securities now or hereafter included in the Pledged
Collateral, including all certificates, instruments or other documents representing or evidencing any Pledged Collateral. 
  

 4 

 “Pledged Stock” has the meaning assigned to such term in Section 2.01. 

“Proceeds” has the meaning specified in Section 9-102 of the New York UCC. 
 “Secured Parties” means (a) the Trustee, (b) the Collateral Agent, (c) each Holder, (d) the beneficiaries of each
indemnification obligation undertaken by any Indenture Party under any Indenture Document and (e) the successors and assigns of each of the foregoing. 
 “Security Documents” means this Agreement, the Mortgages, the Assignment of Security (Trademarks), the Assignment of Security (Patents), the Assignment of Security (Copyright), any agreements pursuant
to which assets are added to the Collateral and any other instruments or documents entered into and delivered in connection with any of the foregoing, as such agreements, instruments or documents may from time to time be amended. 
 “Security Interest” has the meaning assigned to such term in Section 3.01. 
 “Security Obligations” has the meaning assigned to such term in the Indenture. 
 “Senior Lenders” has the meaning assigned to such term in the Intercreditor Agreement. 
 “Senior Lender Claims” has the meaning assigned to such term in the Intercreditor Agreement. 
 “Senior Lender Documents” has the meaning assigned to such term in the Intercreditor Agreement. 
 “Subsidiary Parties” means (a) the Subsidiaries identified on Schedule I and (b) each other Subsidiary that becomes a party to
this Agreement as a Subsidiary Party after the Effective Date. 
 “Trademark License” means any written agreement, now or
hereafter in effect, granting to any third party any right to use any trademark now or hereafter owned by any Grantor or that any Grantor otherwise has the right to license, or granting to any Grantor any right to use any trademark now or hereafter
owned by any third party, and all rights of any Grantor under any such agreement. 
 “Trademarks” means all of the following
now owned or hereafter acquired by any Grantor: (a) all trademarks, service marks, trade names, corporate names, company names, business names, fictitious business names, trade styles, trade dress, logos, other source or business identifiers,
designs and general intangibles of like nature, now existing or hereafter adopted or acquired, all registrations and recordings thereof, and all registration and recording applications filed in connection therewith, including registrations and
registration applications in the United States Patent and Trademark 

  

 5 

 
Office or any similar offices in any State of the United States or any other country or any political subdivision thereof, and all extensions or renewals
thereof, including those listed on Schedule III, (b) all goodwill associated therewith or symbolized thereby and (c) all other assets, rights and interests that uniquely reflect or embody such goodwill. 
 SECTION 1.03. Rules of Interpretation. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined.
Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase
“without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise (a) any definition of or reference to any agreement,
instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or
modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein”, “hereof” and “hereunder”, and words of
similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and
Sections of, and Exhibits and Schedules to, this Agreement and (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and
properties, including cash, securities, accounts and contract rights. If the First-Lien Termination Date has occurred, a reference in this Agreement to the Credit Agent shall, unless the context requires otherwise, be construed as a reference to the
Collateral Agent and this agreement shall be interpreted accordingly. 
 ARTICLE II  
 Pledge of Securities 
 SECTION 2.01.
Pledge. As security for the payment or performance, as the case may be, in full of the Security Obligations, each Grantor hereby assigns and pledges to the Collateral Agent, its successors and assigns, for the ratable benefit of the Secured
Parties, and hereby grants to the Collateral Agent, its successors and assigns, for the ratable benefit of the Secured Parties, a security interest in, all of such Grantor’s right, title and interest in, to and under (a) the shares of
capital stock and other Equity Interests owned by it and listed on Schedule II and any other Equity Interests obtained in the future by such Grantor and, if such capital stock or Equity Interest is certificated, the certificates representing all
such capital stock or Equity Interests (the “Pledged Stock”); provided, however, that the Pledged Stock shall not include more than 65% of the issued and outstanding voting Equity Interests of any Foreign Subsidiary;
provided, further, however, that (i) shares of capital stock and other Equity Interests will constitute Pledged Stock only to the extent that such Capital Stock and securities can secure the Securities without Rule 3-10 or Rule 3-16 of
Regulation S-X under the Securities Act (“Rule 3-10” and “Rule 3-16,” respectively) (or any other law, rule or regulation) requiring separate financial statements of such Subsidiary to be filed with the SEC (or any other 

  

 6 

 
governmental agency); (ii) in the event that either Rule 3-10 or Rule 3-16 requires or is amended, modified or interpreted by the SEC to require (or is
replaced with another rule or regulation, or any other law, rule or regulation is adopted, which would require) the filing with the SEC (or any other governmental agency) of separate financial statements of any Subsidiary due to the fact that such
Subsidiary’s capital stock or other Equity Interests constitute Pledged Stock, then such capital stock or other Equity Interests shall automatically be deemed not to be Pledged Stock, but only to the extent necessary to not be subject to such
requirement; and (iii) in the event that either Rule 3-10 or Rule 3-16 is amended, modified or interpreted by the SEC to permit (or is replaced with another rule or regulation, or any other law, rule or regulation is adopted, which would
permit) such capital stock or other Equity Interests to constitute Pledged Stock without the filing with the SEC (or any other governmental agency) of separate financial statements of such Subsidiary, then such capital stock and other Equity
Interests shall automatically be deemed to be Pledged Stock but only to the extent necessary to not be subject to any such financial statement requirement. 
 (b) (i) the debt securities listed opposite the name of such Grantor on Schedule II, (ii) any debt securities in the future issued to such Grantor and (iii) the promissory notes and any other instruments
evidencing such debt securities (the “Pledged Debt Securities”); 
 (c) all other property that may be
delivered to and held by the Collateral Agent pursuant to the terms of this Section 2.01; 
 (d) subject to
Section 2.06, all payments of principal or interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of, in exchange for or upon the conversion of, and all other
Proceeds received in respect of, the securities referred to in clauses (a) and (b) above; 
 (e) subject to
Section 2.06, all rights and privileges of such Grantor with respect to the securities and other property referred to in clauses (a), (b), (c) and (d) above; and 
 (f) all Proceeds of any of the foregoing (the items referred to in clauses (a) through (f) above being collectively referred to
as the “Pledged Collateral”). 
 TO HAVE AND TO HOLD, to the extent consistent with the terms of the Intercreditor
Agreement, the Pledged Collateral, together with all right, title, interest, powers, privileges and preferences pertaining or incidental thereto, unto the Collateral Agent, its successors and assigns, for the ratable benefit of the Secured Parties,
forever; subject, however, to the terms, covenants and conditions hereinafter set forth. 
 SECTION 2.02. Delivery of the Pledged
Collateral. (a) Each Grantor agrees promptly to deliver or cause to be delivered to the Credit Agent (or, if the First-Lien Termination Date has occurred, the Collateral Agent) any and all Pledged Securities, and any and all certificates or
other instruments or documents representing the Collateral, 

  

 7 

 
unless such Pledged Securities, certificates or other instruments or documents have previously been delivered to the Credit Agent (or, if the First-Lien
Termination Date has occurred, the Collateral Agent). 
 (b) Upon delivery to the Credit Agent (or, if the First-Lien Termination Date has
occurred, the Collateral Agent), (i) any Pledged Securities shall be accompanied by stock powers duly executed in blank or other instruments of transfer reasonably satisfactory to the Credit Agent and by such other instruments and documents as
the Credit Agent may reasonably request and (ii) all other property comprising part of the Pledged Collateral shall be accompanied by proper instruments of assignment duly executed by the applicable Grantor and such other instruments or
documents as the Credit Agent may reasonably request. Each delivery of Pledged Securities shall be accompanied by a schedule describing the securities, which schedule shall be attached hereto as Schedule II and made a part hereof; provided
that failure to attach any such schedule hereto shall not affect the validity of such pledge of such Pledged Securities. Each schedule so delivered shall supplement any prior schedules so delivered. 
 SECTION 2.03. Representations, Warranties and Covenants. The Grantors jointly and severally represent, warrant and covenant to the Collateral
Agent, for the benefit of the Secured Parties, that: 
 (a) Schedule II correctly sets forth the percentage of the issued and
outstanding shares of each class of the Equity Interests of the issuer thereof represented by such Pledged Stock and includes all Equity Interests, debt securities and promissory notes required to be pledged hereunder; 
 (b) the Pledged Stock and Pledged Debt Securities have been duly and validly authorized and issued by the issuers thereof and (i) in
the case of Pledged Stock, are fully paid and nonassessable, (ii) in the case of Pledged Debt Securities issued to a Grantor by Affiliates of any Grantor, are legal, valid and binding obligations of the issuers thereof and (iii) in the
case of Pledged Debt Securities issued to a Grantor by Persons other than Affiliates of any Grantor, are, to the knowledge of any Grantor, legal, valid and binding obligations of the issuers thereof; 
 (c) except for the security interests granted hereunder and except as permitted by the Indenture, each of the Grantors (i) is and,
subject to any transfers permitted under the Indenture, will continue to be the direct owner, beneficially and of record, of the Pledged Securities indicated on Schedule II as owned by such Grantor, (ii) holds the same free and clear of all
Liens, other than Liens created by this Agreement, Specified Permitted Liens and transfers permitted under the Indenture, (iii) will make no assignment, pledge, hypothecation or transfer of, or create or permit to exist any security interest in
or other Lien on, the Pledged Collateral, other than Liens created by this Agreement, Specified Permitted Liens and transfers permitted under the Indenture, and (iv) will defend its title or interest thereto or therein against any and all Liens
(other than the Lien 

  

 8 

 
created by this Agreement and Specified Permitted Liens), however arising, of all Persons whomsoever; 
 (d) except for restrictions and limitations imposed by the Intercreditor Agreement, the Indenture Documents, the Senior Lender Documents
or securities laws generally, the Pledged Collateral is and will continue to be freely transferable and assignable, and none of the Pledged Collateral is or will be subject to any option, right of first refusal, shareholders agreement, charter or
by-law provisions or contractual restriction of any nature that would prohibit, impair, delay or otherwise affect the pledge of such Pledged Collateral hereunder, the sale or disposition thereof pursuant hereto or the exercise by the Collateral
Agent of rights and remedies hereunder; 
 (e) each of the Grantors has the power and authority to pledge the Pledged
Collateral pledged by it hereunder in the manner hereby done or contemplated; 
 (f) no consent or approval of any
Governmental Authority, any securities exchange or any other Person was or is necessary to the validity of the pledge effected hereby (other than such as have been obtained and are in full force and effect); 
 (g) by virtue of the execution and delivery by the Grantors of this Agreement and the Intercreditor Agreement, upon delivery to the Credit
Agent of the certificates or instruments representing or evidencing the Pledged Securities or other Collateral constituting certificated securities or instruments, certificates or other documents representing or evidencing the Collateral in
accordance with this Agreement (or in the case of certificates or instruments representing or evidencing Collateral which are then in the possession of the Credit Agent, upon the execution and delivery of the Intercreditor Agreement) and, in the
case of Collateral not constituting certificated securities or instruments, the filing of UCC financing statements in the appropriate filing office, the Collateral Agent will, in accordance with the laws of the United States and the states thereof,
obtain a valid and perfected second-priority lien upon and security interest in all right, title and interest of the applicable pledgor in such Pledged Securities as security for the payment and performance of the Security Obligations (subject to
any and all Permitted Liens); and 
 (h) in accordance with the laws of the United States and the states thereof, the pledge
effected hereby is effective to vest in the Collateral Agent, for the benefit of the Secured Parties, the rights of the Collateral Agent in the Pledged Collateral as set forth herein. 
 SECTION 2.04. Certification of Limited Liability Company and Limited Partnership Interests. To the extent that the Collateral Agent reasonably
requests and provided that such request is consistent with the Collateral Agent’s protection of its security interest in the Pledged Collateral, each interest in any domestic limited liability company or domestic limited partnership controlled
by any Grantor and pledged 

  

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hereunder shall be represented by a certificate, shall be a “security” within the meaning of Article 8 of the New York UCC and shall be governed by
Article 8 of the New York UCC. 
 SECTION 2.05. Registration in Nominee Name; Denominations. Upon the occurrence of an Event of
Default, the Credit Agent (or, if the First-Lien Termination Date has occurred, the Collateral Agent), on behalf of the Secured Parties, shall have the right, in accordance with the Senior Lender Documents (or, if the First-Lien Termination Date has
occurred, the Indenture Documents), in its reasonable discretion, to hold the Pledged Securities in its own name as pledgee, the name of its nominee (as pledgee or as sub-agent) or the name of the applicable Grantor, endorsed or assigned in blank or
in favor of the Collateral Agent. Each Grantor will promptly give to the Collateral Agent copies of any material notices or other material communications received by it with respect to Pledged Securities registered in the name of such Grantor. The
Collateral Agent shall at all times have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any purpose consistent with this Agreement. 
 SECTION 2.06. Voting Rights; Dividends and Interest. (a) In accordance with, and to the extent consistent with, the terms of the
Intercreditor Agreement, unless and until an Event of Default shall have occurred and be continuing and the Collateral Agent shall have notified the Grantors that their rights under this Section 2.06 are being suspended: 
 (i) Each Grantor shall be entitled to exercise any and all voting and/or other consensual rights and powers inuring to an owner of Pledged
Securities or any part thereof for any purpose consistent with the terms of this Agreement, the Indenture and the other Indenture Documents; provided that such rights and powers shall not be exercised in any manner that could materially and
adversely affect the rights inuring to a holder of any Pledged Securities or the rights and remedies of any of the Collateral Agent or the other Secured Parties under this Agreement or the Indenture or any other Indenture Document or the ability of
the Secured Parties to exercise the same. 
 (ii) The Collateral Agent shall execute and deliver to each Grantor, or cause to
be executed and delivered to such Grantor, all such proxies, powers of attorney and other instruments as such Grantor may reasonably request for the purpose of enabling such Grantor to exercise the voting and/or consensual rights and powers it is
entitled to exercise pursuant to subparagraph (i) above. 
 (iii) Each Grantor shall be entitled to receive and retain
any and all dividends, interest, principal and other distributions paid on or distributed in respect of the Pledged Securities to the extent and only to the extent that such dividends, interest, principal and other distributions are permitted by,
and otherwise paid or distributed in accordance with, the terms and conditions of the Indenture, the other Indenture Documents and applicable laws; provided that any noncash dividends, interest, principal or other distributions that would
constitute 

  

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Pledged Stock or Pledged Debt Securities, whether resulting from a subdivision, combination or reclassification of the outstanding Equity Interests of the
issuer of any Pledged Securities or received in exchange for Pledged Securities or any part thereof, or in redemption thereof, or as a result of any merger, consolidation, acquisition or other exchange of assets to which such issuer may be a party
or otherwise, shall be and become part of the Pledged Collateral, and, if received by any Grantor, shall not be commingled by such Grantor with any of its other funds or property but shall be held separate and apart therefrom, shall be held in trust
for the benefit of the Credit Agent, the Collateral Agent and the other Secured Parties) and shall be forthwith delivered to the Credit Agent (or, if the First-Lien Termination Date has occurred, the Collateral Agent) in the same form as so received
(with any necessary endorsement). 
 (b) In accordance with, and to the extent consistent with, the terms of the Intercreditor Agreement,
upon the occurrence and during the continuance of an Event of Default, all rights of any Grantor to dividends, interest, principal or other distributions that such Grantor is authorized to receive pursuant to paragraph (a)(iii) above shall cease,
and all such rights shall thereupon become vested in the Credit Agent (or, if the First-Lien Termination Date has occurred, the Collateral Agent), which shall have the sole and exclusive right and authority to receive and retain such dividends,
interest, principal or other distributions. All dividends, interest, principal or other distributions received by the Grantor contrary to the provisions of this Section 2.06 shall be held in trust for the benefit of the Credit Agent (or, if the
First-Lien Termination Date has occurred, the Collateral Agent), shall be segregated from other property or funds of such Grantor and shall be forthwith delivered to the Credit Agent (or, if the First-Lien Termination Date has occurred, the
Collateral Agent) upon demand in the same form as so received (with any necessary endorsement). Any and all money and other property paid over to or received by the Credit Agent, the Collateral Agent and the other Secured Parties) pursuant to the
provisions of this paragraph (b) shall, subject to the provisions of the Intercreditor Agreement, be retained by the Credit Agent (or, if the First-Lien Termination Date has occurred, the Collateral Agent) in an account to be established by the
Credit Agent (or, if the First-Lien Termination Date has occurred, the Collateral Agent) upon receipt of such money or other property and shall be applied in accordance with the provisions of Section 4.02. After all Events of Default have been
cured or waived, the Collateral Agent shall, within five Business Days after all such Events of Default have been cured or waived, repay to each Grantor all cash dividends, interest, principal or other distributions (without interest), that such
Grantor would otherwise be permitted to retain pursuant to the terms of paragraph (a)(iii) above and which remain in such account. 
 (c) In
accordance with, and to the extent consistent with, the terms of the Intercreditor Agreement, upon the occurrence and during the continuance of an Event of Default, all rights of any Grantor to exercise the voting and consensual rights and powers it
is entitled to exercise pursuant to paragraph (a)(i) of this Section 2.06, and the obligations of the Collateral Agent under paragraph (a)(ii) of this Section 2.06, shall cease, and all such rights shall thereupon become vested in the
Collateral Agent, which shall have the sole and exclusive right and authority to exercise such voting and consensual rights and powers, provided that, and to the extent consistent with the Intercreditor Agreement, 

  

 11 

 
unless the Collateral Agent shall have received written objections from Holders of at least 25% in principal amount of the Notes, the Collateral Agent shall
have the right from time to time following and during the continuance of an Event of Default to permit the Grantors to exercise such rights. After all Events of Default have been cured or waived, such Grantor will have the right to exercise the
voting and consensual rights and powers that it would otherwise be entitled to exercise pursuant to the terms of paragraph (a)(i) above. 
 (d) Any notice given by the Collateral Agent to the Grantors suspending their rights under paragraph (a) of this Section 2.06 (i) may be given by telephone if promptly confirmed in writing, (ii) may be given to one or
more of the Grantors at the same or different times and (iii) may suspend the rights of the Grantors under paragraph (a)(i) or paragraph (a)(iii) in part without suspending all such rights (as specified by the Collateral Agent in its sole and
absolute discretion) and without waiving or otherwise affecting the Collateral Agent’s rights to give additional notices from time to time suspending other rights so long as an Event of Default has occurred and is continuing. 
 ARTICLE III  
 Security Interests in
Personal Property 
 SECTION 3.01. Security Interest. (a) As security for the payment or performance, as the case may be, in
full of the Security Obligations, each Grantor hereby assigns and pledges to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, and hereby grants to the Collateral Agent, its successors and assigns, for the
benefit of the Secured Parties, a security interest (the “Security Interest”) in, all right, title or interest in or to any and all of the following assets and properties now owned or at any time hereafter acquired by such Grantor
or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Article 9 Collateral”): 
 (i) all Accounts; 
 (ii) all Chattel Paper; 
 (iii) all Deposit Accounts, all cash and all other property from time to time
deposited and the monies and property in the possession or under the control of the Credit Agent, the Collateral Agent or any affiliate, representative, agent or correspondent of the Credit Agent or Collateral Agent; 
 (iv) all Documents; 
 (v) all Equipment; 
 (vi) all Fixtures; 
 (vii) all General Intangibles (including all Payment Intangibles); 
 (viii) all Goods; 
  

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 (ix) all Instruments; 
 (x) all Intellectual Property; 
 (xi) all Inventory; 
 (xii) all Investment Property; 
 (xiii) Letter-of-Credit rights; 
 (xiv) the Commercial Tort Claims described on Schedule V hereto; 
 (xv) all books and
records pertaining to the Article 9 Collateral; 
 (xvi) to the extent not otherwise included, all Proceeds and products of
any and all of the foregoing and all collateral security and guarantees given by any Person with respect to any of the foregoing; and 
 (xvii) all cash or cash equivalents received by the Trustee or the Collateral Agent on behalf of the Trustee pursuant to Article 12 of the Indenture. 
 (b) Each Grantor hereby irrevocably authorizes the Collateral Agent at any time and from time to time to file or cause to be filed in any relevant
jurisdiction any initial financing statements (including fixture filings) with respect to the Article 9 Collateral or any part thereof and amendments thereto that (i) indicate the Collateral as all assets of such Grantor or words of similar
effect as being of an equal or lesser scope or with greater detail, and (ii) contain the information required by Article 9 of the Uniform Commercial Code of each applicable jurisdiction for the filing of any financing statement or amendment,
including (a) whether such Grantor is an organization, the type of organization and any organizational identification number issued to such Grantor and (b) in the case of a financing statement filed as a fixture filing or covering Article
9 Collateral constituting minerals or the like to be extracted or timber to be cut, a sufficient description of the real property to which such Article 9 Collateral relates. Each Grantor agrees to provide such information to the Collateral Agent
promptly upon request. 
 Each Grantor also ratifies its authorization for the Collateral Agent to file or cause to be filed in any relevant
jurisdiction any initial financing statements or amendments thereto if filed prior to the date hereof. 
 The Collateral Agent is further
authorized to file or cause to be filed with the United States Patent and Trademark Office or United States Copyright Office (or any successor office or any similar office in any other country) such documents as may be necessary (or, in the
reasonable opinion of the Collateral Agent, advisable, including, the Assignment of Security (Trademarks), the Assignment of Security (Patents) and the Assignment of Security (Copyright)) for the purpose of perfecting, confirming, continuing,
enforcing or protecting the Security Interest granted by each Grantor, without the signature of any Grantor, and naming any Grantor or the Grantors as debtors and the Collateral Agent as secured party. 
  

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 (c) The Security Interest is granted as security only and shall not subject the Collateral Agent or any
other Secured Party to, or in any way alter or modify, any obligation or liability of any Grantor with respect to or arising out of the Article 9 Collateral. 
 SECTION 3.02. Representations and Warranties. The Grantors jointly and severally represent and warrant to the Collateral Agent and the Secured Parties that: 
 (a) Each Grantor has good and valid rights in and title to the Article 9 Collateral with respect to which it has purported to grant a Security Interest
hereunder and has full power and authority to grant to the Collateral Agent the Security Interest in such Article 9 Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement,
without the consent or approval of any other Person other than any consent or approval that has been obtained. 
 (b) The Perfection
Certificate has been duly prepared, completed and executed and the information set forth therein, including the exact legal name of each Grantor, is correct and complete as of the Effective Date. The Uniform Commercial Code financing statements
(including fixture filings, as applicable) or other appropriate filings, recordings or registrations prepared and filed, recorded or registered by the Collateral Agent based upon the information provided to the Collateral Agent in the Perfection
Certificate for filing in each governmental, municipal or other office specified in the Perfection Certificate are all the filings, recordings and registrations (other than filings required to be made in the United States Patent and Trademark Office
and the United States Copyright Office in order to perfect the Security Interest in Article 9 Collateral consisting of United States Patents, Trademarks and Copyrights) that are necessary to publish notice of and protect the validity of and to
establish a legal, valid and perfected security interest in favor of the Collateral Agent (for the benefit of the Secured Parties) in respect of all Article 9 Collateral in which the Security Interest may be perfected by filing, recording or
registration in the United States (or any political subdivision thereof) and its territories and possessions, and no further or subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary in any such
jurisdiction, except as provided under applicable law with respect to the filing of continuation statements. Each Grantor represents and warrants that a fully executed agreement in the form hereof, together with a fully executed version of the
Assignment of Security (Trademarks), Assignment of Security (Patents) and Assignment of Security (Copyright) attached hereto as Exhibits II, III and IV, respectively, containing a description of all Article 9 Collateral consisting of Intellectual
Property shall have been delivered to the Collateral Agent on or before the Effective Date with respect to United States Patents and United States registered Trademarks (and Trademarks for which United States registration applications are pending)
and with respect to United States registered Copyrights for recording by the United States Patent and Trademark Office and the United States Copyright Office pursuant to 35 U.S.C. § 261, 15 U.S.C. § 1060 or 17 U.S.C. § 205 and the
regulations thereunder, as applicable, and otherwise as may be required pursuant to the laws of any other necessary jurisdiction, to protect the validity of and to establish a legal, valid and perfected security interest in favor of the Collateral
Agent (for the benefit of the Secured Parties) in respect of all Article 9 Collateral consisting of Patents, Trademarks and 

  

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Copyrights in which a security interest may be perfected by filing, recording or registration in the United States (or any political subdivision thereof) and
its territories and possessions, and no further or subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary (other than such actions as are necessary to perfect the Security Interest with respect to any
Article 9 Collateral consisting of Patents, Trademarks and Copyrights (or registration or application for registration thereof) acquired or developed after the date hereof). 
 (c) The Security Interest constitutes (i) a legal and valid security interest in all the Article 9 Collateral securing the payment and performance
of the Security Obligations, (ii) subject to the filings described in Section 3.02(b), a perfected security interest in all Article 9 Collateral in which a security interest may be perfected by filing, recording or registering a financing
statement or analogous document in the United States (or any political subdivision thereof) and its territories and possessions pursuant to the Uniform Commercial Code or other applicable law in such jurisdictions and (iii) a security interest
that shall be perfected in all Article 9 Collateral in which a security interest may be perfected upon the receipt and recording of this Agreement or each of the respective Assignment of Security Interests (attached as Exhibit II, III and IV) with
the United States Patent and Trademark Office and the United States Copyright Office, as applicable, within the three-month period (commencing as of the date hereof) pursuant to 35 U.S.C. § 261 or 15 U.S.C. § 1060 or the one month period
(commencing as of the date hereof) pursuant to 17 U.S.C. § 205 and otherwise as may be required pursuant to the laws of any other necessary jurisdiction. The Security Interest is and shall be a second-priority Security Interest, prior to any
other Lien on any of the Article 9 Collateral, other than Liens in respect of Senior Lender Claims, subject to Specified Permitted Liens. 
 (d) The Article 9 Collateral is owned by the Grantors free and clear of any Lien, except for Specified Permitted Liens. None of the Grantors has filed or consented to the filing of (i) any financing statement or analogous document
under the Uniform Commercial Code or any other applicable laws covering any Article 9 Collateral, (ii) any assignment in which any Grantor assigns any Collateral or any security agreement or similar instrument covering any Article 9 Collateral
with the United States Patent and Trademark Office or the United States Copyright Office or (iii) any assignment in which any Grantor assigns any Article 9 Collateral or any security agreement or similar instrument covering any Article 9
Collateral with any foreign governmental, municipal or other office, which financing statement or analogous document, assignment, security agreement or similar instrument is still in effect, except, in each case, for Specified Permitted Liens.

 SECTION 3.03. Covenants. (a) Each Grantor agrees promptly to notify the Collateral Agent in writing of any change (i) in
its corporate name, (ii) in its identity or type of organization or corporate structure, (iii) in its organizational identification number and, if applicable, its Federal Taxpayer Identification Number or (iv) in its jurisdiction of
organization. Each Grantor agrees to promptly provide the Collateral Agent with certified organizational documents reflecting any of the changes described in the first sentence of this paragraph. Each Grantor agrees not to effect or permit any
change referred to in the preceding sentence unless all filings have been made by such 

  

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Grantor under the Uniform Commercial Code or otherwise that are required in order for the Collateral Agent to continue at all times following such change to
have a valid, legal and perfected first priority security interest in all the Article 9 Collateral. Each Grantor agrees promptly to notify the Collateral Agent if any material portion of the Article 9 Collateral owned or held by such Grantor is
damaged or destroyed. 
 (b) Each Grantor agrees to maintain, at its own cost and expense, such complete and accurate records with respect to
the Article 9 Collateral owned by it as is consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged, but in any
event to include complete accounting records indicating all payments and proceeds received with respect to any part of the Article 9 Collateral, and, at such time or times as the Collateral Agent may reasonably request, promptly to prepare and
deliver to the Collateral Agent a duly certified schedule or schedules in form and detail reasonably satisfactory to the Collateral Agent showing the identity, amount and location of any and all Article 9 Collateral. 
 (c) Each year, on or before the time of filing of the Company’s Annual Report on Form 10-K with the SEC with respect to the preceding fiscal year,
the Company shall deliver to the Collateral Agent an Officers’ Certificate of the Company setting forth the information required pursuant to the Perfection Certificate or confirming that there has been no change in such information since the
date of such certificate or the date of the most recent certificate delivered pursuant to this Section 3.03(c) and (b) certifying that all Uniform Commercial Code financing statements (including fixture filings, as applicable) or other
appropriate filings, recordings or registrations, including all refilings, rerecordings and reregistrations, containing a description of the Collateral have been filed of record in each governmental, municipal or other appropriate office in each
jurisdiction identified pursuant to clause (a) of this Section 3.03 to the extent necessary to protect and perfect the Security Interest for a period of not less than 18 months after the date of such certificate (except as noted therein
with respect to any continuation statements to be filed within such period). Each certificate delivered pursuant to this Section 3.03(c) shall identify in the format of Schedule III all Intellectual Property of any Grantor in existence on the
date thereof and not then listed on such Schedules or previously so identified to the Collateral Agent. 
 (d) Each Grantor shall, at its own
expense, take any and all actions necessary to defend title to the Article 9 Collateral against all Persons and to defend the Security Interest of the Collateral Agent in the Article 9 Collateral and the priority thereof against any Lien other than
those Specified Permitted Liens. 
 Each Grantor agrees, at its own expense, to execute, acknowledge, deliver and cause to be duly filed all
such further instruments and documents and take all actions, including such actions as the Collateral Agent, in accordance with, and to the extent consistent with, the terms of the Intercreditor Agreement, may from time to time reasonably request,
to better assure, create, preserve, protect, perfect and enforce the Security Interest and the rights and remedies created hereby, including the payment of any fees and taxes required in connection with the execution and delivery of this 

  

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Agreement, the granting of the Security Interest and the filing of any financing statements (including fixture filings) or other documents in connection
herewith or therewith. If any amount payable under or in connection with any of the Article 9 Collateral shall be or become evidenced by any promissory note or other instrument, such note or instrument shall be promptly pledged and delivered to the
Credit Agent (or, if the First-Lien Termination Date has already occurred, the Collateral Agent), duly endorsed in a manner satisfactory to the Credit Agent or Collateral Agent, as applicable. To the extent that any Grantor fails to take any action
required in the preceding sentence, the Collateral Agent is irrevocably authorized and empowered, to the extent consistent with the terms of the Intercreditor Agreement, with full power of substitution, to execute, acknowledge and deliver such
security documents, instruments, certificates, notices and other documents and, subject to the provisions of the Security Documents, take such other actions in the name, place and stead of such Grantor; provided that the Collateral Agent will
have no obligation to act in the foregoing manner and no liability for any action taken or omitted by it in good faith in connection therewith. 
 Without limiting the generality of the foregoing, each Grantor hereby authorizes the Credit Agent (or, if the First-Lien Termination Date has already occurred, the Collateral Agent), with prompt notice thereof to the Grantors, to supplement
this Agreement by supplementing Schedule III or adding additional schedules hereto to specifically identify any asset or item that may constitute Copyrights, Licenses, Patents or Trademarks; provided that any Grantor shall have the right,
exercisable within 10 days after it has been notified by the Credit Agent (or, if the First-Lien Termination Date has already occurred, the Collateral Agent) of the specific identification of such Collateral, to advise the Credit Agent (or, if the
First-Lien Termination Date has already occurred, the Collateral Agent) in writing of any inaccuracy of the representations and warranties made by such Grantor hereunder with respect to such Collateral. Each Grantor agrees that it will use its
reasonable best efforts to take such action as shall be necessary in order that all representations and warranties hereunder shall be true and correct with respect to such Collateral within 30 days after the date it has been notified by the
Collateral Agent (or, if the First-Lien Termination Date has already occurred, the Collateral Agent) of the specific identification of such Collateral. 
 (e) Upon reasonable prior notice, the Collateral Agent and such Persons as the Collateral Agent may reasonably designate shall have, at such reasonable times and as often as reasonably requested, the right to inspect
the Article 9 Collateral (provided that only one inspection during each fiscal year of the Company shall be at the Grantors’ own cost and expense, provided, however, that if an Event of Default has occurred and is continuing, all
inspections during the continuance of such Event of Default shall be at the Grantors’ own cost and expense), all records related thereto (and to make extracts and copies from such records) and the premises upon which any of the Article 9
Collateral is located, to discuss the Grantors’ affairs with the officers of the Grantors and their independent accountants (provided that the Grantors shall have been afforded the opportunity to participate in any such discussion with their
independent accountants) and to verify under reasonable procedures, the validity, amount, quality, quantity, value, condition and status of, or any other matter relating to, the Article 9 Collateral, including, in the case of Accounts or Article 9
Collateral in the possession of any third person, by 

  

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contacting Account Debtors or the third person possessing such Article 9 Collateral for the purpose of making such a verification. The Collateral Agent shall
have the absolute right to share any information it gains from such inspection or verification with any Secured Party. 
 (f) In accordance
with, and to the extent consistent with, the terms of the Intercreditor Agreement, at its option, during the continuance of an Event of Default, the Collateral Agent may discharge past due taxes, assessments, charges, fees, Liens, security interests
or other encumbrances at any time levied or placed on the Article 9 Collateral and not permitted under the Indenture, and may pay for the maintenance and preservation of the Article 9 Collateral to the extent any Grantor fails to do so as required
by the Indenture or this Agreement, and each Grantor jointly and severally agrees to reimburse the Collateral Agent on demand for any payment made or any expense incurred by the Collateral Agent pursuant to the foregoing authorization; provided
that nothing in this paragraph shall be interpreted as excusing any Grantor from the performance of, or imposing any obligation on the Collateral Agent or any Secured Party to cure or perform, any covenants or other promises of any Grantor with
respect to taxes, assessments, charges, fees, Liens, security interests or other encumbrances and maintenance as set forth herein or in the other Indenture Documents. 
 (g) Each Grantor shall remain liable to observe and perform all the conditions and obligations to be observed and performed by it under each contract, agreement or instrument relating to the Article 9 Collateral, all
in accordance with the terms and conditions thereof, and each Grantor jointly and severally agrees to indemnify and hold harmless the Collateral Agent and the Secured Parties from and against any and all liability for such performance. 

(h) None of the Grantors shall make or permit to be made an assignment, pledge or hypothecation of the Article 9 Collateral or shall grant any other
Lien in respect of the Article 9 Collateral, except as permitted by the Indenture. Unless and until (in accordance with, and to the extent consistent with, the terms of the Intercreditor Agreement) the Collateral Agent shall notify the Grantors
(which notice may be given by telephone if promptly confirmed in writing) that an Event of Default shall have occurred and be continuing (and during the continuance thereof the Grantors shall not sell, convey, lease, assign, transfer or otherwise
dispose of any Collateral), the Grantors may use and dispose of the Collateral in any lawful manner not inconsistent with the provisions of this Agreement, the Indenture, any other Indenture Document or the Intercreditor Agreement. 
 (i) None of the Grantors will, without the prior written consent of the Collateral Agent), grant any extension of the time of payment of any Accounts
included in the Article 9 Collateral, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any Person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than
extensions, compromises, settlements, releases, credits or discounts granted or made in the ordinary course of business and consistent with its current practices and in accordance with such prudent and standard practice used in industries that are
the same as or similar to those in which such Grantor is engaged. 
  

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 (j) The Grantors, at their own expense, shall maintain or cause to be maintained insurance covering
physical loss or damage to the Inventory and Equipment with financially sound and reputable insurance companies in such amounts (with no greater risk retention) and against such risks as are customarily maintained by companies of established repute
engaged in the same or similar businesses operating in the same or similar location. Subject to the Intercreditor Agreement, each Grantor irrevocably makes, constitutes and appoints the Collateral Agent (and all officers, employees or agents
designated by the Collateral Agent) as such Grantor’s true and lawful agent (and attorney-in-fact) for the purpose, during the continuance of an Event of Default, of making, settling and adjusting claims in respect of Article 9 Collateral under
policies of insurance, endorsing the name of such Grantor on any check, draft, instrument or other item of payment for the proceeds of such policies of insurance and for making all determinations and decisions with respect thereto. Subject to the
Intercreditor Agreement, in the event that any Grantor at any time or times shall fail to obtain or maintain any of the policies of insurance required hereby or to pay any premium in whole or part relating thereto, the Collateral Agent may, without
waiving or releasing any obligation or liability of the Grantors hereunder or any Event of Default, in its sole discretion, obtain and maintain such policies of insurance and pay such premium and take any other actions with respect thereto as the
Collateral Agent deems advisable. Subject to the Intercreditor Agreement, all sums disbursed by the Collateral Agent in connection with this paragraph, including reasonable attorneys’ fees, court costs, expenses and other charges relating
thereto, shall be payable, upon demand, by the Grantors to the Collateral Agent and shall be additional Security Obligations secured hereby. 
 (k) Each Grantor shall maintain, in form and manner reasonably satisfactory to the Collateral Agent, records of its Chattel Paper and its books, records and documents evidencing or pertaining thereto. 
 (l) The Company shall, within 60 days of the Effective Date, deliver to the Collateral Agent a pledge and security agreement with respect to the pledge
of 65% of the equity interests of the Subsidiaries listed in Schedule VI hereto, duly executed by the Company, as pledgor, and including all necessary endorsements thereon and including all necessary endorsements thereon together with an opinion of
counsel qualified under the jurisdiction of organization of the pledged entity to the effect that such pledge and security agreement creates in favor of the Collateral Agent for the benefit of the Secured Parties a valid and enforceable security
interest in the equity interests pledged thereby. 
 SECTION 3.04. Other Actions. In order to further ensure the attachment,
perfection and priority of, and the ability of the Collateral Agent to enforce, the Security Interest, each Grantor agrees, in each case at such Grantor’s own expense, to take the following actions, to the extent that such actions will not
constitute a breach of the Senior Lender Documents nor are inconsistent with the terms of the Intercreditor Agreement, with respect to the following Article 9 Collateral: 
 (a) Instruments. If any Grantor shall at any time hold or acquire any Instruments, in an amount in excess of $100,000, such Grantor
shall forthwith endorse, assign and deliver the same to the Credit Agent (or, if the First-Lien 

  

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Termination Date has already occurred, the Collateral Agent), accompanied by such instruments of transfer or assignment duly executed in blank as the
Collateral Agent may from time to time reasonably request; 
 (b) Deposit Accounts. For each deposit account that any
Grantor at any time opens or maintains, such Grantor shall, either (i) cause the depositary bank to agree to comply with instructions from the Credit Agent (or, if the First-Lien Termination Date has already occurred, the Collateral Agent) to
such depositary bank directing the disposition of funds from time to time credited to such deposit account, without further consent of such Grantor or any other Person, pursuant to an agreement satisfactory to the Credit Agent or Collateral Agent,
as applicable, or (ii) arrange for the Credit Agent (or, if the First-Lien Termination Date has already occurred, the Collateral Agent) to become the customer of the depositary bank with respect to the deposit account, with the Grantor being
permitted, only with the consent of the Credit Agent or Collateral Agent, as applicable, to exercise rights to withdraw funds from such deposit account; provided, however, that if the First Lien Termination Date has not occurred and
the Credit Agent does not provide such instructions or become a customer as permitted hereunder, then the Grantor shall not be deemed to have violated this paragraph, the Grantor shall not have any obligations pursuant to this sentence and the
Collateral Agent shall not have any rights under this sentence. The Collateral Agent agrees with each Grantor that it shall not give any such instructions or withhold any withdrawal rights from any Grantor unless an Event of Default has occurred and
is continuing, or, after giving effect to any withdrawal would occur. The provisions of this paragraph shall not apply to (A) any deposit account for which any Grantor, the depositary bank and the Collateral Agent have entered into a cash
collateral agreement specially negotiated among such Grantor, the depositary bank and the Collateral Agent for the specific purpose set forth therein and (B) deposit accounts for which the Collateral Agent is the depositary. 
 (c) Investment Property. Except to the extent otherwise provided in Article II, if any Grantor shall at any time hold or acquire
any certificated securities, such Grantor shall forthwith endorse, assign and deliver the same to the Credit Agent (or, if the First-Lien Termination Date has already occurred, the Collateral Agent), accompanied by such instruments of transfer or
assignment duly executed in blank as the Collateral Agent may from time to time specify. If any securities now or hereafter acquired from an issuer by any Grantor are uncertificated, are issued to such Grantor or its nominee directly by such issuer,
such Grantor shall promptly notify the Collateral Agent thereof and, at the Collateral Agent’s request and option, pursuant to an agreement in form and substance reasonably satisfactory to the Collateral Agent and in accordance with, and to the
extent consistent with, the terms of the Intercreditor Agreement, either (i) cause the issuer to agree to comply with instructions from the Credit Agent (or, if the First-Lien Termination Date has already occurred, the Collateral Agent), as to
such securities, without further consent of any Grantor or such nominee, or (ii) arrange for the Credit Agent to become the registered owner of the securities (or, if the First-Lien Termination Date has already occurred, the Collateral 

  

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Agent). If any securities, whether certificated or uncertificated, or other investment property now or hereafter acquired by any Grantor are held by such
Grantor or its nominee through a securities intermediary or commodity intermediary, such Grantor shall promptly notify the Collateral Agent thereof and, at the Collateral Agent’s request and option, pursuant to an agreement in form and
substance reasonably satisfactory to the Collateral Agent, either (i) cause such securities intermediary or (as the case may be) commodity intermediary to agree to comply with entitlement orders or other instructions from the Credit Agent (or,
if the First-Lien Termination Date has already occurred, the Collateral Agent), to such securities intermediary as to such security entitlements, or (as the case may be) to apply any value distributed on account of any commodity contract as directed
by the Collateral Agent to such commodity intermediary, in each case without further consent of any Grantor or such nominee, or (ii) in the case of financial assets or other investment property held through a securities intermediary, arrange
for the Credit Agent (or, if the First-Lien Termination Date has already occurred, the Collateral Agent), to become the entitlement holder with respect to such investment property, with the Grantor being permitted to exercise rights to withdraw or
otherwise deal with such investment property unless an Event of Default has occurred and is continuing. The Collateral Agent agrees with each of the Grantors that the Collateral Agent shall not give any such entitlement orders or instructions or
directions to any such issuer, securities intermediary or commodity intermediary, and shall not withhold its consent to the exercise of any withdrawal or dealing rights by any Grantor, unless an Event of Default has occurred and is continuing, or,
after giving effect to any such investment and withdrawal rights, would occur. The provisions of this paragraph shall not apply to any financial assets credited to a securities account for which the Collateral Agent or Credit Agent is the securities
intermediary. 
 (d) Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an
interest in any electronic chattel paper or any “transferable record,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic
Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in
the Credit Agent control under New York UCC Section 9-105 of such electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the
Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the
Credit Agent and so long as such procedures will not result in the Credit Agent’s loss of control, for the Grantor to make alterations to such electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the
case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss 

  

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of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to
such electronic chattel paper or transferable record. 
 (e) Letter-of-Credit Rights. If any Grantor is at any time a
beneficiary under a letter of credit now or hereafter issued in favor of such Grantor with an undrawn face amount exceeding $100,000, such Grantor shall promptly notify the Collateral Agent thereof and, at the request and option of the Collateral
Agent, such Grantor shall, pursuant to an agreement in form and substance reasonably satisfactory to the Collateral Agent, either (i) arrange for the issuer and any confirmer of such letter of credit to consent to an assignment to the Credit
Agent of the proceeds of any drawing under the letter of credit or (ii) arrange for the Credit Agent to become the transferee beneficiary of the letter of credit, with the Collateral Agent agreeing, in each case, that the proceeds of any
drawing under the letter of credit are to be paid to the applicable Grantor unless an Event of Default has occurred or is continuing. 
 (f) Commercial Tort Claims. No Grantor holds any material Commercial Tort Claim excepted as described in the Perfection Certificate. If any Grantor shall at any time hold or acquire a commercial tort claim, the
Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Credit Agent and the Collateral Agent, for the benefit of the Secured Parties, in such
writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent. 
 SECTION 3.05. Covenants Regarding Patent, Trademark and Copyright Collateral. (a) Each Grantor agrees that it will not, do any act or omit to
do any act (and will exercise commercially reasonable efforts to prevent its licensees from doing any act as omitting to do any act) whereby any Patent that is material to the conduct of such Grantor’s business may become invalidated or
dedicated to the public, and agrees that it shall continue to mark any products covered by a Patent with the relevant patent number as necessary and sufficient to establish and preserve its rights under applicable patent laws. 
 (b) Each Grantor (either itself or through its licensees or its sublicensees) will, for each Trademark material to the conduct of such Grantor’s
business, (i) maintain such Trademark in full force free from any claim of abandonment or invalidity for non-use, (ii) maintain the quality of products and services offered under such Trademark, (iii) display such Trademark with
notice of Federal or foreign registration to the extent necessary and sufficient to establish and preserve its rights under applicable law and (iv) not knowingly use or knowingly permit the use of such Trademark in violation of any third party
rights. 
 (c) Each Grantor (either itself or through its licensees or sublicensees) will, for each work covered by a material Copyright,
continue to publish, reproduce, display, 

  

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adopt and distribute the work with appropriate copyright notice as necessary and sufficient to establish and preserve its rights under applicable copyright
laws. 
 (d) Each Grantor shall notify the Collateral Agent promptly if it knows or has reason to know that any Patent, Trademark or
Copyright material to the conduct of its business may become abandoned, lost or dedicated to the public, or of any materially adverse determination or development (including the institution of, or any such determination or development in, any
proceeding in the United States Patent and Trademark Office, United States Copyright Office or any court or similar office of any country) regarding such Grantor’s ownership of any Patent, Trademark or Copyright, its right to register the same,
or its right to keep and maintain the same. 
 (e) In no event shall any Grantor, either itself or through any agent, employee, licensee or
designee, file an application for any Patent, Trademark or Copyright (or for the registration of any Trademark or Copyright) with the United States Patent and Trademark Office, United States Copyright Office or any office or agency in any political
subdivision of the United States or in any other country or any political subdivision thereof, unless it promptly informs the Collateral Agent, and executes and delivers any and all agreements, instruments, documents and papers, including such
documents and papers as the Collateral Agent may reasonably request, to evidence the Collateral Agent’s security interest in such Patent, Trademark or Copyright, and each Grantor hereby agrees to execute such writings for the foregoing
purposes, and also appoints the Collateral Agent as its attorney-in-fact to execute and file such writings for the foregoing purposes, all acts of such attorney being hereby ratified and confirmed; such power, being coupled with an interest, is
irrevocable. 
 (f) Each Grantor will take all necessary steps that are consistent with the practice in any proceeding before the United
States Patent and Trademark Office, United States Copyright Office or any office or agency in any political subdivision of the United States or in any other country or any political subdivision thereof, to maintain and pursue each material
application relating to the Patents, Trademarks and/or Copyrights (and to obtain the relevant grant or registration) and to maintain each issued Patent and each registration of the Trademarks and Copyrights that is material to the conduct of any
Grantor’s business, including timely filings of applications for renewal, affidavits of use, affidavits of incontestability and payment of maintenance fees, and, if consistent with good business judgment, to initiate opposition, interference
and cancelation proceedings against third parties. 
 (g) In the event that any Grantor has reason to believe that any Article 9 Collateral
consisting of a Patent, Trademark or Copyright material to the conduct of any Grantor’s business has been or is about to be infringed, misappropriated or diluted by a third party in a manner which could adversely affect the conduct of such
Grantor’s business, such Grantor promptly shall notify the Collateral Agent and shall, if consistent with good business judgment, promptly sue for infringement, misappropriation or dilution and to recover any and all damages for such
infringement, misappropriation or dilution, and take such other actions as are appropriate under the circumstances to protect such Article 9 Collateral. 
  

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 (h) Upon and during the continuance of an Event of Default, each Grantor shall use its reasonable best
efforts to obtain all requisite consents or approvals by the licensor of each Copyright License, Patent License or Trademark License to effect the assignment of all such Grantor’s right, title and interest thereunder to the Credit Agent.

 ARTICLE IV 
 Remedies

 SECTION 4.01. Remedies Upon Default. In accordance with, and to the extent consistent with, the terms of the Intercreditor
Agreement, upon the occurrence and during the continuance of an Event of Default, each Grantor agrees to deliver each item of Collateral to the Collateral Agent on demand, and it is agreed that the Collateral Agent shall have the right to take any
of or all the following actions at the same or different times: (a) with respect to any Article 9 Collateral consisting of Intellectual Property, on demand, to cause the Security Interest to become an assignment, transfer and conveyance of any
of or all such Article 9 Collateral by the applicable Grantors to the Collateral Agent, or to license or sublicense, whether general, special or otherwise, and whether on an exclusive or nonexclusive basis, any such Article 9 Collateral throughout
the world on such terms and conditions and in such manner as the Collateral Agent shall determine (other than in violation of any applicable law or any then-existing licensing arrangements to the extent that waivers cannot be obtained), and
(b) with or without legal process and with or without prior notice or demand for performance, to take possession of the Article 9 Collateral and without liability for trespass to enter any premises where the Article 9 Collateral may be located
for the purpose of taking possession of or removing the Article 9 Collateral and, generally, to exercise any and all rights afforded to a secured party under the Uniform Commercial Code or other applicable law. Without limiting the generality of the
foregoing, and in accordance with, and to the extent consistent with, the terms of the Intercreditor Agreement, each Grantor agrees that the Collateral Agent shall have the right, subject to the mandatory requirements of applicable law, to sell or
otherwise dispose of all or any part of the Collateral at a public or private sale or at any broker’s board or on any securities exchange, for cash, upon credit or for future delivery as the Collateral Agent shall deem appropriate. The
Collateral Agent shall be authorized at any such sale of securities (if it deems it advisable to do so) to restrict the prospective bidders or purchasers to Persons who will represent and agree that they are purchasing the Collateral for their own
account for investment and not with a view to the distribution or sale thereof, and upon consummation of any such sale the Collateral Agent shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so
sold. Each such purchaser at any sale of Collateral shall hold the property sold absolutely, free from any claim or right on the part of any Grantor, and each Grantor hereby waives (to the extent permitted by law) all rights of redemption, stay and
appraisal which such Grantor now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. 
 The Collateral Agent shall give the applicable Grantors 10 days’ written notice (which each Grantor agrees is reasonable notice within the meaning of Section 9-611 of the New York UCC or its equivalent in other jurisdictions) of
the 

  

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Collateral Agent’s intention to make any sale of Collateral. Such notice, in the case of a public sale, shall state the time and place for such sale
and, in the case of a sale at a broker’s board or on a securities exchange, shall state the board or exchange at which such sale is to be made and the day on which the Collateral, or portion thereof, will first be offered for sale at such board
or exchange. Any such public sale shall be held at such time or times within ordinary business hours and at such place or places as the Collateral Agent may fix and state in the notice (if any) of such sale. At any such sale, the Collateral, or
portion thereof, to be sold may be sold in one lot as an entirety or in separate parcels, as the Collateral Agent may (in its sole and absolute discretion) determine. The Collateral Agent shall not be obligated to make any sale of any Collateral if
it shall determine not to do so, regardless of the fact that notice of sale of such Collateral shall have been given. The Collateral Agent may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned from
time to time by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time and place to which the same was so adjourned. In case any sale of all or any part of the Collateral is made on credit
or for future delivery, the Collateral so sold may be retained by the Collateral Agent until the sale price is paid by the purchaser or purchasers thereof, but the Collateral Agent shall not incur any liability in case any such purchaser or
purchasers shall fail to take up and pay for the Collateral so sold and, in case of any such failure, such Collateral may be sold again upon like notice. At any public (or, to the extent permitted by law, private) sale made pursuant to this
Agreement, any Secured Party may bid for or purchase, free (to the extent permitted by law) from any right of redemption, stay, valuation or appraisal on the part of any Grantor (all said rights being also hereby waived and released to the extent
permitted by law), the Collateral or any part thereof offered for sale and may make payment on account thereof by using any claim then due and payable to such Secured Party from any Grantor as a credit against the purchase price, and such Secured
Party may, upon compliance with the terms of sale, hold, retain and dispose of such property without further accountability to any Grantor therefor. For purposes hereof, a written agreement to purchase the Collateral or any portion thereof shall be
treated as a sale thereof; the Collateral Agent shall be free to carry out such sale pursuant to such agreement and no Grantor shall be entitled to the return of the Collateral or any portion thereof subject thereto, notwithstanding the fact that
after the Collateral Agent shall have entered into such an agreement all Events of Default shall have been remedied and the Security Obligations paid in full. As an alternative to exercising the power of sale herein conferred upon it, the Collateral
Agent may proceed by a suit or suits at law or in equity to foreclose this Agreement and to sell the Collateral or any portion thereof pursuant to a judgment or decree of a court or courts having competent jurisdiction or pursuant to a proceeding by
a court-appointed receiver. Any sale pursuant to the provisions of this Section 4.01 shall be deemed to conform to the commercially reasonable standards as provided in Section 9-610(b) of the New York UCC or its equivalent in other
jurisdictions. 
  

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 SECTION 4.02. Application of Proceeds. In accordance with, and to the extent consistent with the
Intercreditor Agreement and subject to Article 12 of the Indenture, the Collateral Agent shall apply the proceeds of any collection or sale of Collateral, including any Collateral consisting of cash, as follows: 
 FIRST, to the payment of all costs and expenses incurred by the Collateral Agent in connection with such collection or sale or otherwise
in connection with this Agreement, any other Indenture Document or any of the Security Obligations, including all court costs and the fees and expenses of its agents and legal counsel, the repayment of all advances made by the Collateral Agent
hereunder or under any other Indenture Document on behalf of any Grantor and any other costs or expenses incurred in connection with the exercise of any right or remedy hereunder or under any other Indenture Document; 
 SECOND, to the payment in full of the Security Obligations in the manner provided in the Indenture; and 
 THIRD, to the Grantors, their successors or assigns, or as a court of competent jurisdiction may otherwise direct. 
 In accordance with, and to the extent consistent with the Intercreditor Agreement and the Indenture, the Collateral Agent shall have absolute discretion
as to the time of application of any such proceeds, moneys or balances in accordance with this Agreement. Upon any sale of Collateral by the Collateral Agent (including pursuant to a power of sale granted by statute or under a judicial proceeding),
the receipt of the Collateral Agent or of the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any
part of the purchase money paid over to the Collateral Agent or such officer or be answerable in any way for the misapplication thereof. 
 SECTION 4.03. Grant of License to Use Intellectual Property. In accordance with, and to the extent consistent with, the Intercreditor Agreement, for the purpose of enabling the Collateral Agent to exercise rights and remedies under
this Agreement at such time as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, each Grantor hereby grants to the Collateral Agent an irrevocable, nonexclusive license (exercisable without payment of royalty or
other compensation to the Grantors) to use, license or sublicense any of the Article 9 Collateral consisting of Intellectual Property now owned or hereafter acquired by such Grantor, and wherever the same may be located, and including in such
license reasonable access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof. The use of such license by the Collateral Agent may be
exercised, at the option of the Collateral Agent, upon the occurrence and during the continuation of an Event of Default; provided that any license, sublicense or other transaction entered into by the Collateral Agent in accordance herewith
shall be binding upon the Grantors notwithstanding any subsequent cure of an Event of Default. 
 SECTION 4.04. Securities Act. In
view of the position of the Grantors in relation to the Pledged Collateral, or because of other current or future circumstances, a question may arise under the Securities Act of 1933, as now or hereafter in effect, or any similar statute hereafter
enacted analogous in purpose or effect (such Act and any such 

  

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similar statute as from time to time in effect being called the “Federal Securities Laws”) with respect to any disposition of the Pledged
Collateral permitted hereunder. Each Grantor understands that compliance with the Federal Securities Laws might very strictly limit the course of conduct of the Collateral Agent if the Collateral Agent were to attempt to dispose of all or any part
of the Pledged Collateral, and might also limit the extent to which or the manner in which any subsequent transferee of any Pledged Collateral could dispose of the same. Similarly, there may be other legal restrictions or limitations affecting the
Collateral Agent in any attempt to dispose of all or part of the Pledged Collateral under applicable Blue Sky or other state securities laws or similar laws analogous in purpose or effect. Each Grantor recognizes that in light of such restrictions
and limitations the Collateral Agent may, with respect to any sale of the Pledged Collateral, limit the purchasers to those who will agree, among other things, to acquire such Pledged Collateral for their own account, for investment, and not with a
view to the distribution or resale thereof. Each Grantor acknowledges and agrees that in light of such restrictions and limitations, the Collateral Agent, in its sole and absolute discretion and in accordance with, and to the extent consistent with,
the Intercreditor Agreement, (a) may proceed to make such a sale whether or not a registration statement for the purpose of registering such Pledged Collateral or part thereof shall have been filed under the Federal Securities Laws and
(b) may approach and negotiate with a single potential purchaser to effect such sale. Each Grantor acknowledges and agrees that any such sale might result in prices and other terms less favorable to the seller than if such sale were a public
sale without such restrictions. In the event of any such sale, the Collateral Agent shall incur no responsibility or liability for selling all or any part of the Pledged Collateral at a price that the Collateral Agent, in its sole and absolute
discretion, may in good faith deem reasonable under the circumstances, notwithstanding the possibility that a substantially higher price might have been realized if the sale were deferred until after registration as aforesaid or if more than a
single purchaser were approached. The provisions of this Section 4.04 will apply notwithstanding the existence of a public or private market upon which the quotations or sales prices may exceed substantially the price at which the Collateral
Agent sells. 
 SECTION 4.05. Registration. Each Grantor agrees that, upon the occurrence and during the continuance of an Event of
Default, if, in accordance with, and to the extent consistent with, the terms of the Intercreditor Agreement, for any reason the Collateral Agent desires to sell any of the Pledged Collateral at a public sale, it will, at any time and from time to
time, upon the written request of the Collateral Agent, use its reasonable best efforts to take or to cause the issuer of such Pledged Collateral to take such action and prepare, distribute and/or file such documents, as are required or advisable in
the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Collateral. Each Grantor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and
their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and
claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or
supplement thereto) or in any notification or offering 

  

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circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements
in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Grantor or the issuer of such Pledged Collateral by the Collateral Agent or any
other Secured Party expressly for use therein. Each Grantor further agrees, upon such written request referred to above, to use its reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Collateral to qualify, file or
register, any of the Pledged Collateral under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each
Grantor will bear all costs and expenses of carrying out its obligations under this Section 4.05. Each Grantor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 4.05 and
that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 4.05 may be specifically enforced. 
 ARTICLE V 
 [This Article and Section intentionally left blank] 
 ARTICLE VI 
 Miscellaneous 

SECTION 6.01. Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in writing and given
as provided in Section 13.02 of the Indenture. All communications and notices hereunder to any Subsidiary Party shall be given to it in care of the Company as provided in Section 13.02 of the Indenture. 
 SECTION 6.02. Waivers; Amendment. (a) No failure or delay by the Collateral Agent, the Trustee or any Holder in exercising any right or power
hereunder or under any other Indenture Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any
other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Collateral Agent, the Trustee and the Holders hereunder and under the other Indenture Documents are cumulative and are not exclusive of any
rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any Indenture Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of
this Section 6.02, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on any Indenture Party in any case shall entitle any Indenture Party to any other or
further notice or demand in similar or other circumstances. 
  

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 (b) Neither this Agreement nor any provision hereof may be waived, amended or modified except (i) in
accordance with the Indenture, pursuant to an agreement or agreements in writing entered into by the Collateral Agent and the Indenture Party or Indenture Parties with respect to which such waiver, amendment or modification is to apply, subject to
the limitations in the Intercrediter Agreement, or (ii) as otherwise provided in the Intercrediter Agreement. 
 SECTION 6.03.
Collateral Agent’s Fees and Expenses; Indemnification. (a) In accordance with, and to the extent consistent with, the terms of the Intercreditor Agreement, each Grantor jointly and severally agrees to pay upon demand to the
Collateral Agent the amount of any and all reasonable expenses, including the reasonable fees, disbursements and other charges of its counsel and of any experts or agents, which the Collateral Agent may incur in connection with (i) the
administration of this Agreement, (ii) the custody or preservation of, or the sale of, collection from or other realization upon any of the Collateral, (iii) the exercise, enforcement or protection of any rights of the Collateral Agent
hereunder or (iv) the failure of any Grantor to perform or observe any of the provisions hereof applicable to it. 
 (b) Without
limitation of its indemnification obligations under the other Indenture Documents, each Grantor jointly and severally agrees to indemnify the Collateral Agent, the Trustee, the Holders and each Affiliate of the foregoing Persons (each such Person
being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including the fees, charges and disbursements of any counsel for any Indemnitee,
incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of, the execution, delivery or performance of this Agreement or any claim, litigation, investigation or proceeding relating to any other agreement or
instrument contemplated hereby, or to the Collateral, whether or not any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or
related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or wilful misconduct of such Indemnitee. 
 (c) Any such amounts payable as provided hereunder shall be additional Security Obligations secured hereby and by the other Security Documents. The
provisions of this Section 6.03 shall remain operative and in full force and effect regardless of the termination of this Agreement or any other Indenture Document, the consummation of the transactions contemplated hereby, the repayment of any
of the Security Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Indenture Document, or any investigation made by or on behalf of the Collateral Agent or any other Secured Party. All amounts due
under this Section 6.03 shall be payable on written demand therefor. 
 (d) The Collateral Agent shall not be responsible in any manner
whatsoever for the correctness of any recitals, statements, representations or warranties contained herein. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any
Grantor to the 

  

 29 

 
Collateral, as to the security afforded by this Agreement or any other Security Document or as to the validity, execution, enforceability, legality or
sufficiency of this Agreement or any Security Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. Except as may be expressly provided in any Security Document, the Collateral Agent shall not
be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or liens upon the Collateral or otherwise as to the maintenance of the Collateral, except as provided in the immediately following sentence when the
Collateral Agent has possession of the Collateral. The Collateral Agent shall have no duty to the Grantors or to the holders of the Notes as to any Collateral in its possession or control or in the possession or control of any agent or nominee of
the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such of the Collateral as may be in its possession substantially the same care as
it accords its own assets and the duty to account for monies received by it. The Collateral Agent shall have no obligations to file any UCC financing statements or UCC continuation statements except at the written direction of the Grantors or the
Trustee and upon receipt of such statements completed and in a proper form for filing provided to the Collateral Agent at least five Business Days in advance of any requested filing date. The Collateral Agent shall have no obligations to file any
document with any foreign or domestic patent, trademark or copyright office, or any foreign governmental, municipal or other office. The Collateral Agent shall not be responsible for the consequences of any oversight or error of judgment whatsoever,
except that the Collateral Agent shall be liable for losses due to its wilful misconduct, gross negligence or bad faith. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Grantor of any of the covenants
or agreements contained herein or in the Indenture, the Notes or the Security Documents. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such
person in connection with this Agreement or any other Security Document except for such person’s own gross negligence, willful misconduct or bad faith. The Collateral Agent may execute any of the powers granted under this Agreement or any of
the other Security Documents and perform any duty hereunder or thereunder either directly or by or through agents or attorneys-in-fact, and shall not be responsible for the misconduct of any agents or attorneys-in-fact selected by it with due care.

 (e) Subject to any additional requirements provided herein or in the Indenture, if in the performance of its duties under this Collateral
Agreement the Collateral Agent shall deem it necessary or desirable that a matter be proved or established with respect to any Person in connection with the taking, suffering or omitting of any action hereunder by the Collateral Agent, such matter
may be conclusively deemed to be proved or established by a certificate executed by an officer of such Person, and absent gross negligence, wilful misconduct or bad faith, the Collateral Agent shall have no liability with respect to any action
taken, suffered or omitted in reliance thereon. 
 (f) The Collateral Agent may consult with counsel and, in the absence of bad faith, shall
be fully protected in taking any action hereunder in accordance with any advice of such counsel. The Collateral Agent shall have the right but not the obligation at 

  

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any time to seek instructions concerning the administration of this Agreement, the duties created hereunder or any of the Collateral from any court of
competent jurisdiction. 
 (g) The Collateral Agent shall be fully protected in relying upon any resolution, statement, certificate,
instrument, opinion, report, notice, request, consent, order or other paper or document which it believes to be genuine and to have been signed or presented by the proper party or parties. In the absence of its gross negligence, willful misconduct
or bad faith the Collateral Agent may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificate or opinions furnished to the Collateral Agent in connection with this Agreement
and the other Security Documents. 
 (h) The Collateral Agent shall not be deemed to have actual, constructive, direct or indirect notice or
knowledge of the occurrence of any Event of Default unless and until the Collateral Agent shall have received a written notice of Event of Default. The Collateral Agent shall have no obligation whatsoever either prior to or after receiving such a
notice of Event of Default to inquire whether an Event of Default has, in fact, occurred and shall be entitled to rely conclusively, and shall be fully protected in so relying, on any certificate so furnished to it and shall have no obligation to
take or omit to take any action with respect to such notice of Event of Default. 
 (i) If any dispute or disagreement shall arise as to the
allocation of any sum of money received by the Collateral Agent hereunder, under the Indenture or under any Security Document, the Collateral Agent shall have the right to deliver such sum to a court of competent jurisdiction and therein commence an
action for interpleader. 
 (j) A resignation or removal of the Collateral Agent and appointment of a successor Collateral Agent shall become
effective only upon the successor Collateral Agent’s acceptance of appointment as provided in this Section 6.03. 
 (i) If the Collateral Agent resigns or is removed or if a vacancy exists in the office of Collateral Agent for any reason, the Trustee shall promptly appoint a successor Collateral Agent. 
 (ii) If a successor Collateral Agent does not take office within 60 days after the retiring Collateral Agent resigns or is removed, the
retiring Collateral Agent may petition any court of competent jurisdiction for the appointment of a successor Collateral Agent. 
 (iii) A successor Collateral Agent shall deliver a written acceptance of its appointment to the retiring Collateral Agent, the Indenture Trustee and the Grantors. Thereupon, the resignation or removal of the retiring Collateral Agent shall
become effective, and the successor Collateral Agent shall have all the rights, powers and duties of the Collateral Agent under this Collateral Agreement. The successor Collateral Agent shall mail a notice of its succession to the Indenture Taistee.
The retiring Collateral Agent shall promptly transfer all property held by it as Collateral Agent to the successor Collateral Agent, provided 

  

 31 

 
all sums owing to the Collateral Agent hereunder have been paid. Notwithstanding replacement of the Collateral Agent pursuant to this Section 6.03,
the Grantor’s obligations under Sections 6.03(a), (b) and (c) hereof shall continue for the benefit of the retiring Collateral Agent, and the Grantors shall pay to any such replaced or removed Collateral Agent all amounts owed to such
replaced or removed Collateral Agent under Sections 6.03(a), (b) and (c) hereof upon such replacement or removal. 
 SECTION 6.04.
Successors and Assigns. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the permitted successors and assigns of such party; and all covenants, promises and agreements by or on
behalf of any Grantor or the Collateral Agent that are contained in this Agreement shall bind and inure to the benefit of their respective successors and assigns. 
 SECTION 6.05. Survival of Agreement. All covenants, agreements, representations and warranties made by the Indenture Parties in the Indenture Documents and in the certificates or other instruments prepared or
delivered in connection with or pursuant to this Agreement or any other Indenture Document shall be considered to have been relied upon by the Secured Parties and shall survive the execution and delivery of the Indenture Documents and the purchase
of the Notes by the Initial Purchasers, regardless of any investigation made by any Secured Party or on its behalf and notwithstanding that the Collateral Agent, the Trustee or any Secured Party may have had notice or knowledge of any Default or
incorrect representation or warranty and shall continue in full force and effect as long as any Obligation remains unpaid. 
 SECTION 6.06.
Counterparts; Effectiveness; Several Agreement. This Agreement may be executed in counterparts, each of which shall constitute an original but all of which when taken together shall constitute single contract, and shall become effective as
provided in this Section 6.06. Delivery of an executed signature page to this Agreement by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this Agreement. This Agreement shall become effective as to
any Indenture Party when a counterpart hereof executed on behalf of such Indenture Party shall have been delivered to the Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agent, and thereafter shall be
binding upon such Indenture Party and the Collateral Agent and their respective permitted successors and assigns, and shall inure to the benefit of such Indenture Party, the Collateral Agent and the other Secured Parties and their respective
successors and assigns, except that no Indenture Party shall have the right to assign or transfer its rights or obligations hereunder or any interest herein or in the Collateral (and any such assignment or transfer shall be void) except as expressly
contemplated by this Agreement or the Indenture. This Agreement shall be construed as a separate agreement with respect to each Indenture Party and may be amended, modified, supplemented, waived or released with respect to any Indenture Party
without the approval of any other Indenture Party and without affecting the obligations of any other Indenture Party hereunder. 
  

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 SECTION 6.07. Severability. Any provision of this Agreement held to be invalid, illegal or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the
invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with
valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 6.08. Right of Set-Off. If an Event of Default shall have occurred and be continuing, and in accordance with, and to the extent consistent with the terms of the Intercreditor Agreement, each Holder is hereby authorized at any
time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other obligations at any time owing by such Holder to or
for the credit or the account of any Subsidiary Party against any of and all the obligations of such Subsidiary Party now or hereafter existing under this agreement owed to such Holder, irrespective of whether or not such Holder shall have made any
demand under this Agreement and although such obligations may be unmatured. The rights of each Holder under this Section 6.08 are in addition to other rights and remedies (including other rights of set-off) which such Holder may have.

 SECTION 6.09. Governing Law; Jurisdiction; Consent to Service of Process. (a) The validity, interpretation and enforcement of
this Agreement and any dispute arising out of the relationship between parties hereto, whether in contract, tort, equity or otherwise, shall be governed by the internal laws of the State of New York but excluding any principles of conflicts of law
or other rule of law that would cause the application of the law of any jurisdiction other than the laws of the State of New York. 
 (b)
Each of the Indenture Parties hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District
Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or any other Indenture Document, or for recognition or enforcement of any judgment, and
each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each
of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or any other
Indenture Document shall affect any right that the Collateral Agent, the Trustee or any Holder may otherwise have to bring any action or proceeding relating to this Agreement or any other Indenture Document against any Grantor, or its properties in
the courts of any jurisdiction. 
  

 33 

 (c) Each of the Indenture Parties hereby irrevocably and unconditionally waives, to the fullest extent it
may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Indenture Document in any court referred to in
paragraph (b) of this Section 6.09. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.

 (d) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 6.01.
Nothing in this Agreement or any other Indenture Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 
 SECTION 6.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY 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, ANY OTHER INDENTURE DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY
OTHER PARTY 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 6.10. 
 SECTION 6.11. Headings. Article
and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement.

 SECTION 6.12. Security Interest Absolute. All rights of the Collateral Agent hereunder, the Security Interest, the grant of a
security interest in the Pledged Collateral and all obligations of each Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Indenture, any other Indenture Document, any
agreement with respect to any of the Security Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Security
Obligations, or any other amendment or waiver of or any consent to any departure from the Indenture, any other Indenture Document or any other agreement or instrument, (c) any exchange, release or non-perfection of any Lien on other collateral,
or any release or amendment or waiver of or consent under or departure from any guarantee, securing or guaranteeing all or any of the Security Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or
a discharge of, any Grantor in respect of the Security Obligations or this Agreement. 
  

 34 

 SECTION 6.13. Termination or Release. (a) This Agreement, the Security Interest and all other
security interests granted hereby shall terminate only in accordance with the Indenture and consistent with the Intercreditor Agreement. 
 SECTION 6.14. Additional Subsidiaries. If, pursuant to the Indenture, the Company is required to cause any Subsidiary that is not a Subsidiary Party to become a Subsidiary Party, upon execution and delivery by the Collateral Agent
and a Subsidiary of an instrument in the form of Exhibit I hereto, such Subsidiary shall become a Subsidiary Party hereunder with the same force and effect as if originally named as a Subsidiary Party herein. The execution and delivery of any such
instrument shall not require the consent of any other Indenture Party hereunder. The rights and obligations of each Indenture Party hereunder shall remain in full force and effect notwithstanding the addition of any new Indenture Party as a party to
this Agreement. 
 SECTION 6.15. Additional Grantors. If, pursuant to Sections 4.16 or 5.01(b) of the Indenture, the Company is
required to cause any Subsidiary of the Company that is not a Subsidiary Grantor to become a Subsidiary Grantor, upon execution and delivery by the Collateral Agent and such Subsidiary of an instrument in the form of Schedule III, such Subsidiary
shall become a Subsidiary Grantor hereunder with the same force and effect as if originally named as a Subsidiary Grantor herein. The execution and delivery of such instrument shall not require the consent of any Grantor hereunder. The rights and
obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Grantor as a party to this Agreement. 
 SECTION 6.16. Subject to Intercreditor Agreement. Notwithstanding anything herein to the contrary, (i) the liens and security interests granted to the Trustee pursuant to this Agreement are expressly
subject and subordinate to the liens and security interests granted to Congress Financial Corporation (Central), as agent, for the benefit of the lenders referred to below, pursuant to the Second Amended and Restated Loan and Security Agreement,
dated as of April 23, 2004 (as restated, amended, modified or supplemented) by and among Delco Remy International, Inc., the other “Borrowers” named therein, Congress Financial Corporation (Central), as Administrative Agent and US
Collateral Agent, and the lenders party thereto and (ii) the exercise of any right or remedy by the Trustee hereunder is subject to the limitations and provisions of the Intercreditor Agreement, dated as of April 23, 2004 (as amended,
supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), by and among Congress Financial Corporation Central (Central), as Credit Agent, Deutsche Bank National Trust Company, as Trustee, Delco Remy
International, Inc. and the subsidiary guarantors party thereto. In the event of any conflict between the terms of the Intercreditor Agreement and the terms of this Agreement, the terms of the Intercreditor Agreement shall govern. 
  

 35 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Collateral Agreement as of the day and
year first above written. 
  

					
	DELCO REMY INTERNATIONAL, INC.,
		
	By:	 	/s/ David E. Stoll
		 	Name:	 	David E. Stoll
		 	Title:	 	Vice President, Treasurer & Secretary
	
	 Address:

	
	DELCO REMY AMERICA, INC.,
		
	By:	 	/s/ David E. Stoll
		 	Name:	 	David E. Stoll
		 	Title:	 	Vice President & Secretary
	
	NABCO, INC.,
		
	By:	 	/s/ David E. Stoll
		 	Name:	 	David E. Stoll
		 	Title:	 	Vice President, Treasurer & Secretary
	
	POWER INVESTMENTS, INC.,
		
	By:	 	/s/ David E. Stoll
		 	Name:	 	David E. Stoll
		 	Title:	 	Vice President, Treasurer & Secretary
	
	FRANKLIN POWER PRODUCTS, INC.,
		
	By:	 	/s/ David E. Stoll
		 	Name:	 	David E. Stoll
		 	Title:	 	Vice President, Treasurer & Secretary
	
	INTERNATIONAL FUEL SYSTEMS, INC.,
		
	By:	 	/s/ David E. Stoll
		 	Name:	 	David E. Stoll
		 	Title:	 	Vice President, Treasurer & Secretary

					
	POWER INVESTMENTS MARINE, INC.,
		
	By:	 	/s/ David E. Stoll
		 	Name:	 	David E. Stoll
		 	Title:	 	Treasurer & Secretary
	
	MARINE CORPORATION OF AMERICA,
		
	By:	 	/s/ David E. Stoll
		 	Name:	 	David E. Stoll
		 	Title:	 	Treasurer & Secretary
	
	POWRBILT PRODUCTS, INC.,
		
	By:	 	/s/ David E. Stoll
		 	Name:	 	David E. Stoll
		 	Title:	 	Vice President, Treasurer & Secretary
	
	WORLD WIDE AUTOMOTIVE, L.L.C.,
		
	By:	 	/s/ David E. Stoll
		 	Name:	 	David E. Stoll
		 	Title:	 	Vice President, Treasurer & Secretary
	
	BALLANTRAE CORPORATION,
		
	By:	 	/s/ David E. Stoll
		 	Name:	 	David E. Stoll
		 	Title:	 	Vice President, Treasurer & Secretary
	
	WILLIAMS TECHNOLOGIES, INC.,
		
	By:	 	/s/ David E. Stoll
		 	Name:	 	David E. Stoll
		 	Title:	 	Vice President, Treasurer & Secretary
	
	REMY POWERTRAIN, L.P.,
		
	By:	 	/s/ David E. Stoll
		 	Name:	 	David E. Stoll
		 	Title:	 	Vice President, Finance & Secretary

					
	M & M KNOPF AUTO PARTS, L.L.C.,
		
	By:	 	/s/ David E. Stoll
		 	Name:	 	David E. Stoll
		 	Title:	 	Vice President, Treasurer & Secretary
	
	REMAN HOLDINGS, L.L.C.,
		
	By:	 	/s/ David E. Stoll
		 	Name:	 	David E. Stoll
		 	Title:	 	Vice President, Treasurer & Secretary
	
	REMY INTERNATIONAL, INC.,
		
	By:	 	/s/ David E. Stoll
		 	Name:	 	David E. Stoll
		 	Title:	 	Vice President, Treasurer & Secretary
	
	JAX REMAN, L.L.C.,
		
	By:	 	/s/ David E. Stoll
		 	Name:	 	David E. Stoll
		 	Title:	 	Vice President, Treasurer & Assistant Secretary
	
	REMY REMAN, L.L.C.,
		
	By:	 	/s/ David E. Stoll
		 	Name:	 	David E. Stoll
		 	Title:	 	Vice President, Treasurer & Secretary

					
	DEUTSCHE BANK NATIONAL TRUST COMPANY, AS COLLATERAL AGENT
		
	by:	 	/s/ Safet Kalabovic
		 	Name:	 	Safet Kalabovic
		 	Title:	 	Vice President

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