Exhibit 10.1

EXECUTION VERSION

TERM LOAN AGREEMENT

dated as of

December 12, 2012

among

WESCO DISTRIBUTION, INC.,

as US Borrower,

WDCC ENTERPRISES INC.,

as Canadian Borrower,

WESCO INTERNATIONAL, INC.,

as Holdings,

THE LENDERS PARTY HERETO

and

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

as Administrative Agent and Collateral Agent

BARCLAYS BANK PLC,

as Syndication Agent

CREDIT SUISSE SECURITIES (USA) LLC,

BARCLAYS BANK PLC,

UBS SECURITIES LLC, and

GOLDMAN SACHS LENDING PARTNERS LLC,

as Joint Lead Arrangers

UBS SECURITIES LLC and GOLDMAN SACHS LENDING PARTNERS LLC,

as Co-Documentation Agents

Table of Contents

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SCHEDULES

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TERM LOAN AGREEMENT dated as of December 12, 2012 (this “ Agreement ”), among WESCO DISTRIBUTION INC., a Delaware corporation (the “ US Borrower ”), a wholly owned subsidiary of WESCO INTERNATIONAL INC., a Delaware corporation (“ Holdings ”), WDCC ENTERPRISES INC., an Alberta corporation and a wholly owned subsidiary of Holdings (the “ Canadian Borrower ”, and together with the US Borrower, the “ Borrowers ”, and each a “ Borrower ”), the Lenders (such term and each other capitalized term used but not defined in this introductory statement having the meaning given it in Article I), and CREDIT SUISSE CAYMAN ISLANDS BRANCH, as administrative agent (in such capacity, including any successor thereto, the “ Administrative Agent ”) and as collateral agent (in such capacity, including any successor thereto, the “ Collateral Agent ”) for the Lenders.

The US Borrower has requested the Lenders to extend credit in the form of Term Loans on the Closing Date, in an aggregate principal amount not in excess of US$700,000,000. The Canadian Borrower has requested the Lenders to extend credit in the form of Term Loans on the Closing Date, in an aggregate principal amount not in excess of C$150,000,000. The proceeds of the Term Loans are to be used solely (i) to finance, in part, the Acquisition (ii) to discharge or defease the Existing Senior Notes in accordance with a Permitted Debt Defeasance and (iii) fees and expenses incurred in connection with the Acquisition and the Transactions.

The Lenders are willing to extend such credit to the Borrowers on the terms and subject to the conditions set forth herein. Accordingly, the parties hereto agree as follows:

ARTICLE I

Definitions

Section 1.01 Defined Terms . As used in this Agreement, the following terms shall have the meanings specified below:

“ 2029 Convertible Debentures ” shall mean those 6.0% Convertible Senior Debentures due 2029 issued by Holdings under the 2029 Convertible Indenture.

“ 2029 Convertible Debentures Indenture ” shall mean that Indenture dated as of August 27, 2009, by and among Holdings, the US Borrower and The Bank of New York Mellon, as trustee.

“ ABL Agent ” shall mean JPMorgan Chase Bank, N.A., in its capacity as administrative agent for the lenders under the ABL Credit Facility, and any successor thereof.

“ ABL Credit Facility ” shall mean that certain Amended and Restated Agreement dated as of December 12, 2012 among US Borrower, WESCO Equity Corporation, a Delaware corporation, Bruckner Supply Company, Inc., a Delaware corporation, WESCO Nevada, Ltd., a Nevada corporation, Communications Supply Corporation, a Connecticut corporation, Calvert Wire & Cable Corporation, a Delaware corporation, Liberty Wire & Cable, Inc., a Delaware corporation, TVC Communications, L.L.C., a Delaware limited liability company, Carlton-Bates Company, an Arkansas corporation, Conney Safety Products, LLC, a Delaware limited liability company, WESCO Distribution Canada LP, an Ontario limited partnership, Canadian Borrower,

the other loan parties party thereto, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and JPMorgan Chase Bank, N.A. Toronto Branch, as Canadian administrative agent.

“ ABR ”, when used in reference to any Term Loan or Borrowing, refers to whether such Term Loan, or the Term Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Alternate Base Rate.

“ Account ” has the meaning assigned to such term in the US Collateral Agreement.

“ Acquired Entity ” shall have the meaning assigned to such term in Section 6.04(g) .

“ Acquisition ” shall mean the acquisition by Canadian Borrower of the Company through the purchase of the issued and outstanding shares of the Company’s parent, EECOL Holdings, Ltd (the “ Existing Parent ”), and its direct or indirect parent holding companies, Jarich Holdings, Ltd. and EESA Corp. (collectively, the “ Existing Holdcos ”, and each an “ Existing Holdco ”).

“ Acquisition Consummation Condition ” shall mean that each of the following conditions shall have occurred or otherwise been satisfied: (a) no Default or Event of Default exists or would exist after giving effect to the Acquisition, (b) the Acquisition shall have been fully consummated in accordance with applicable law and the terms of the Purchase Agreement as in effect on the Closing Date, without modification or waiver of any material terms or conditions, (c) each of the Existing Parent, the Existing Holdcos, EESA Holdings Ltd and the Company Related Loan Parties shall have (i) executed and delivered a joinder to the applicable Security Documents in connection with all material Collateral substantially in the form attached as an exhibit thereto, as applicable, and (ii) the conditions described in clauses (e), (f), (i), (k) and (p) of Section 4.02 shall be satisfied with respect to each of the Existing Parent, the Existing Holdcos, EESA Holdings Ltd and the Company Related Loan Parties, mutatis mutandis , (d) the Administrative Agent shall have received evidence that all Intercompany Step Transactions to be consummated on or prior to the Closing Date shall have been consummated, and (e) the Administrative Agent shall have received a certificate from a Responsible Officer of Holdings in form and substance reasonably satisfactory to the Administrative Agent certifying as to the foregoing clauses (a) through (d).

“ Acquisition Joinder Date ” shall mean the date on which the Acquisition Consummation Condition is fully satisfied and each of the Company Related Loan Parties is a Loan Party hereunder.

“ Adjusted LIBO Rate ” shall mean, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum equal to (a) the greater of 1.0% per annum and (b) the product of (i) the LIBO Rate in effect for such Interest Period and (ii) Statutory Reserves.

“ Administrative Agent ” shall have the meaning assigned to such term in the introductory statement to this Agreement.

“ Administrative Agent Fees ” shall have the meaning assigned to such term in Section 2.05(a) .

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“ Administrative Questionnaire ” shall mean an Administrative Questionnaire in the form of Exhibit A , or such other form as may be supplied from time to time by the Administrative Agent.

“ Affected Tranche ” shall have the meaning assigned to such term in Section 2.13(i)(i) .

“ Affiliate ” shall mean, when used with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified; provided, however , that, for purposes of the definition of “Eligible Assignee” the term “Affiliate” shall also include any Person that directly or indirectly owns 10% or more of any class of Equity Interests of the Person specified or that is an officer or director of the Person specified.

“ Agents ” shall have the meaning assigned to such term in Article VIII.

“ Agreement ” shall have the meaning assigned to such term in the introductory statement hereto.

“ Agreement Value ” means, for each Hedging Agreement, on any date of determination, the maximum aggregate amount (giving effect to any netting agreements) that the relevant Credit Party would be required to pay if such Hedging Agreement were terminated or is required to pay if such Hedging Agreement has been terminated on such date.

“ Alternate Base Rate ” shall mean, for any day, a rate per annum equal to the greatest of (a) the US Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1% and (c) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1.00%; provided that, for the purpose of clause (c), the Adjusted LIBO Rate for any day shall be based on the rate determined on such day at approximately 11:00 a.m. (London time) by reference to the British Bankers’ Association Interest Settlement Rates for deposits in Dollars (as set forth by any service selected by the Administrative Agent that has been nominated by the British Bankers’ Association as an authorized vendor for the purpose of displaying such rates). If the Administrative Agent shall have determined (which determination shall be conclusive absent manifest error) that it is unable to ascertain the Federal Funds Effective Rate or the Adjusted LIBO Rate for any reason, including the inability or failure of the Administrative Agent to obtain sufficient quotations in accordance with the terms of the definition thereof, the Alternate Base Rate shall be determined without regard to clause (b) or (c), respectively, of the preceding sentence until the circumstances giving rise to such inability no longer exist. Any change in the Alternate Base Rate due to a change in the US Prime Rate or, the Federal Funds Effective Rate or the Adjusted LIBO Rate shall be effective on the effective date of such change in the US Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate, as the case may be.

“ Amended and Restated Receivables Intercreditor Agreement ” shall mean that certain Amended and Restated Intercreditor Agreement dated as of the Closing Date by and among the ABL Agent, the Administrative Agent, the Collateral Agent, PNC Bank, National Association, in its capacity as Receivables Agent under and as defined in the Receivables Securitization Documents, Receivables SPV, Wesco Distribution, Inc. and the other parties hereto, as the same

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may be amended, restated, modified, supplemented or replaced from time to time in accordance with the terms thereof.

“ Anti-Money Laundering Legislation ” means the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada) and any other applicable anti-money laundering, anti-terrorist financing, government sanction and “know your client” laws, including any guidelines or orders thereunder.

“ Applicable Margin ” shall mean, for any day (a) in the case of any Tranche B-1 Loan (i) with respect to any Eurodollar Term Loan, 3.50% per annum, and (ii) with respect to any ABR Term Loan, 2.50% per annum, and (b) in the case of any Tranche B-2 Loan, (i) with respect to any CDOR Rate Term Loan, 4.00% per annum, and (ii) with respect to any Canadian Prime Rate Term Loan, 3.00% per annum.

“ Asset Sale ” shall mean the sale, transfer or other disposition (by way of merger, casualty, condemnation or otherwise) by any Credit Party of (a) any Equity Interests of any of the Subsidiaries (other than directors’ qualifying shares) or (b) any other assets of a Loan Party or any of the Restricted Subsidiaries (other than (i) inventory, damaged, obsolete or worn out assets, scrap and Permitted Investments, in each case disposed of in the ordinary course of business, and (ii) any sale, transfer or other disposition or series of related sales, transfers or other dispositions having a value not in excess of US$2,500,000).

“ Assignment and Acceptance ” shall mean an assignment and acceptance entered into by a Lender and an Eligible Assignee, and accepted by the Administrative Agent, in the form of Exhibit B or such other form as shall be approved by the Administrative Agent.

“ Available Amount ” shall mean, on any date of determination, the sum of (a) US$45,000,000 and (b) the sum of (without duplication):

(i) the aggregate Excess Cash Flow for each fiscal year of Holdings, commencing with the fiscal year of Holdings ended December 31, 2013, that was not required to be applied to prepay Term Loans pursuant to Section 2.13(d) so long as, in respect of any distribution made pursuant to Section 6.06(vi) or any payment of Subordinated Indebtedness made pursuant to Section 6.09(b)(ii), the Secured Leverage Ratio would not exceed 3.00:1.00 on a pro forma basis after giving effect to such distribution or payment, as of the last day of the most recently completed period of four consecutive fiscal quarters ending prior to the date of such determination for which the financial statements and certificates required by Section 5.04(a) or 5.04(b), as the case may be, and Section 5.04(c), have been delivered, plus

(ii) cash proceeds from the issuance of common stock of Holdings otherwise permitted hereunder, plus

(iii) the net proceeds of sales of Investments made using the Available Amount in an amount not exceeding the original amount of such Investment to the extent previously deducted in computing Available Amount, plus

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(iv) returns, profits, distributions and similar amounts received on Investments made using the Available Amount (in an amount not to exceed the amount of such original Investment to the extent previously deducted in computing Available Amount), plus

(v) the investments of the Borrowers and their Restricted Subsidiaries in any Unrestricted Subsidiary to the extent made using the Available Amount that has been redesignated as a Restricted Subsidiary or that has been merged or consolidated into the Borrowers or any of their Restricted Subsidiaries or the fair market value of the assets of any Unrestricted Subsidiary that have been transferred to the Borrowers or any of their Restricted Subsidiaries, in each case, in an amount not to exceed the amount of the original investment in such Unrestricted Subsidiary to the extent previously deducted in computing Available Amount,

less , such amounts as previously applied in determining the permissibility of a transaction under Sections 6.01(k), 6.01(l), 6.04(a), 6.04(c), 6.04(g), 6.04(o), 6.06(vi), 6.09(b)(ii) or otherwise where such permissibility was (or may have been) contingent on the receipt or availability of such amount and less amounts specified under Section 6.09(b)(i).

“ Board ” shall mean the Board of Governors of the Federal Reserve System of the United States of America.

“ Borrower Materials ” shall have the meaning assigned to such term in Section 9.01 .

“ Borrowers ” shall have the meaning assigned to such term in the introductory statement to this Agreement.

“ Borrowing ” shall mean Term Loans of the same Class and Type made, converted or continued on the same date and, in the case of Eurodollar Term Loans or CDOR Rate Term Loans, as to which a single Interest Period is in effect.

“ Borrowing Base Limit ” means, as of the date of determination, an amount equal to the sum, without duplication, of (i) 75% of an amount equal to (A) the net book value of the accounts receivables of the US Loan Parties less (B) any commitments or purchase limits under the Receivables Facility (or any refinancing or replacement thereof permitted hereunder); provided , however , that at such time as the Receivables Facility has been terminated (and not refinanced or replaced as aforesaid), then 85% of the net book value of the accounts receivable of the Credit Parties, plus (ii) 85% of the net book value of the accounts receivables of the Canadian Loan Parties plus (iii) 70% of the net book value of the Credit Parties’ inventories. Net book value shall be determined in accordance with GAAP and shall be that reflected on the most recent available balance sheet (it being understood that the accounts receivables and inventories of an Acquired Entity may be included if such acquisition has been completed on or prior to the date of determination and such Acquired Entity has become a Loan Party).

“ Borrowing Request ” shall mean a request by a Borrower in accordance with the terms of Section 2.03 and substantially in the form of Exhibit C, or such other form as shall be approved by the Administrative Agent.

“ Breakage Event ” shall have the meaning assigned to such term in Section 2.16 .

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“ Business Day ” shall mean any day other than a Saturday, Sunday or day on which banks in New York City are authorized or required by law to close; provided , however , that (a) when used in connection with a Eurodollar Term Loan, the term “Business Day” shall also exclude any day on which banks are not open for dealings in Dollar deposits in the London interbank market and (b) when used in connection with any Tranche B-2 Loan, the term “Business Day” shall also exclude any day in which commercial banks in Toronto, Canada are authorized or required by law to remain closed.

“ CAM ” has the meaning assigned to such term in Section 7.03 .

“ CAM Exchange ” has the meaning assigned to such term in Section 7.03 .

“ CAM Exchange Date ” has the meaning assigned to such term in Section 7.03 .

“ CAM Percentage ” has the meaning assigned to such term in Section 7.03 .

“ Canadian Blocked Person ” means any Person that is a “designated person”, “politically exposed foreign person” or “terrorist group” as described in any Canadian Economic Sanctions and Export Control Laws.

“ Canadian Borrower ” shall have the meaning assigned to such term in the introductory statement to this Agreement.

“ Canadian Collateral Agreement ” means the Collateral Agreement, substantially in the form of Exhibit D-2 dated as of the date hereof and as amended, modified or supplemented from time to time, among the Canadian Borrower, the Subsidiary Guarantors from time to time party thereto and the Collateral Agent.

“ Canadian Cross-Border Collateral Agreement ” means the Collateral Agreement, substantially in the form of Exhibit D-3 dated as of the date hereof and as amended, modified or supplemented from time to time, among the Subsidiary Guarantors from time to time party thereto and the Collateral Agent.

“ Canadian Cross-Border Guarantors ” means, individually or collectively as the context may require, (a) WESCO Distribution Canada Co., an unlimited liability company organized under the laws of Nova Scotia, WESCO Distribution II ULC, an unlimited liability company organized under the laws of Nova Scotia and TVC Canada Corp., an unlimited liability company organized under the laws of Nova Scotia, and (b) any Canadian Subsidiary Guarantor (other than a CFC Subsidiary or a CFC Subsidiary Holding Company) that becomes a party to the applicable Security Documents after the Closing Date pursuant to a joinder agreement and is required to guarantee the payment of the Canadian Obligations and the US Obligations pursuant to Section 5.12 and (c) the successors and assigns (that do not constitute CFC Subsidiaries or CFC Subsidiary Holding Companies) of the Persons described in clauses (a) and (b) of this definition.

“ Canadian Dollars ” and “ C$ ” shall mean dollars in the lawful currency of Canada.

“ Canadian Economic Sanctions and Export Control Laws ” means any Canadian laws, regulations or orders governing transactions in controlled goods or technologies or dealings with

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countries, entities, organizations, or individuals subject to economic sanctions and similar measures, including the Special Economic Measures Act (Canada), the United Nations Act, (Canada), the Freezing Assets of Corrupt Foreign Officials Act (Canada), Part II.1 of the Criminal Code, (Canada) and the Export and Import Permits Act (Canada), and any related regulations.

“ Canadian Loan Parties ” shall mean the Canadian Borrower, the Canadian Subsidiary Guarantors, and, upon the occurrence of the Acquisition Joinder Date, the applicable Company Related Loan Parties, collectively and “ Canadian Loan Party ” shall mean any such Person, individually.

“ Canadian Obligations ” shall mean (a) the Loan Document Obligations in respect of the Canadian Borrower or any Canadian Subsidiary Guarantor that is a CFC Subsidiary or a CFC Subsidiary Holding Company and (b) the Secured Hedging Obligations in respect of the Canadian Borrower or any Canadian Subsidiary Guarantor that is a CFC Subsidiary or a CFC Subsidiary Holding Company.

“ Canadian Pension Plans ” means each pension plan required to be registered under Canadian federal or provincial law that is maintained or contributed to by a Loan Party or any Subsidiary of any Loan Party for its Canadian employees or former Canadian employees, but does not include a Canadian Union Plan, the Canada Pension Plan or the Quebec Pension Plan as maintained by the Government of Canada or the Province of Quebec, respectively.

“ Canadian Person ” means a Person, other than a natural person, organized and existing under the laws of Canada or any province or territory thereof.

“ Canadian Prime Rate ” shall mean, at any time, the rate of interest per annum equal to the greater of (i) the rate which the principal office of the Administrative Agent in Toronto, Ontario then quotes, publishes and refers to as its “prime rate” and which is its reference rate of interest for loans in Canadian Dollars made in Canada to commercial borrowers and (ii) the one-month CDOR Rate, plus 1.0% per annum, adjusted automatically with each quoted, published or displayed change in such rate, all without necessity of any notice to the Canadian Borrower or any other Person. If the Administrative Agent shall have determined (which determination shall be conclusive absent manifest error) that it is unable to ascertain the CDOR Rate for any reason, including the inability or failure of the Administrative Agent to obtain sufficient quotations in accordance with the terms of the definition thereof, the Canadian Prime Rate shall be determined without regard to clause (ii) of the preceding sentence until the circumstances giving rise to such inability no longer exist. Any change in the Canadian Prime Rate due to a change in the Canadian Prime Rate or the CDOR Rate shall be effective on the effective date of such change in the Canadian Prime Rate or the CDOR Rate, as the case may be. This prime rate is a rate set by Credit Suisse based upon various factors including Credit Suisse’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such rate.

“ Canadian Subsidiary Guarantors ” shall mean each Subsidiary listed on Schedule 1.01(b) , and each other Subsidiary that is or becomes a party to the Guarantee

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Agreement as a guarantor of Canadian Obligations (other than Holdings, the US Borrower and the US Subsidiary Guarantors).

“ Canadian Union Plan ” shall mean any registered pension plan for the benefit of Canadian employees or former Canadian employees of a Loan Party or any of its Subsidiaries that is not maintained, sponsored or administered by a Loan Party or any of its Subsidiaries or any Governmental Authority, but to which a Loan Party or its Subsidiaries is required to contribute pursuant to a collective agreement.

“ Capital Expenditures ” shall mean, for any period, without duplication, any expenditure for any purchase or other acquisition of any asset which would be classified as a fixed or capital asset on a consolidated balance sheet of Holdings and its Restricted Subsidiaries prepared in accordance with GAAP, but excluding in each case, any such expenditure (a) made to restore, replace or rebuild property to the condition of such property immediately prior to any damage, loss, destruction or condemnation of such property, and other capital expenditures, in each case to the extent such expenditure is made with, or subsequently reimbursed out of, insurance proceeds, indemnity payments, condemnation awards (or payments in lieu thereof) or damage recovery proceeds relating to any such damage, loss, destruction or condemnation or other expenditures, (b) constituting the permitted reinvestment of cash proceeds from Asset Sales in accordance with the terms hereof, (c) constituting the consideration paid (and transaction expenses incurred) in connection with a Permitted Acquisition, (d) constituting the purchase price of equipment that is purchased simultaneously with the trade-in of existing equipment to the extent of the credit granted by the seller of the equipment being traded at such time or (e) to the extent a Credit Party has received reimbursement in cash from a Person that is not an Affiliate of a Credit Party in respect of leasehold improvements made by such Credit Party.

“ Capital Lease Obligations ” of any Person shall mean the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP.

“ CDOR Rate ” means, for the relevant Interest Period, the greater of (i) 1.00% per annum and (ii) the Canadian deposit offered rate which, in turn means on any day the sum of (a) the annual rate of interest determined with reference to the arithmetic average of the discount rate quotations of all institutions listed in respect of the relevant Interest Period for Canadian Dollar-denominated bankers’ acceptances displayed and identified as such on the “Reuters Screen CDOR Page” as defined in the 2006 International Swap Dealer Association, Inc. definitions, as modified and amended from time to time, as of 10:00 a.m. Toronto local time on such day and, if such day is not a Business Day, then on the immediately preceding Business Day (as adjusted by the Administrative Agent after 10:00 a.m. Toronto local time to reflect any error in the posted rate of interest or in the posted average annual rate of interest) plus (b) 0.10% per annum; provided that if such rates are not available on the Reuters Screen CDOR Page on any particular day, then the Canadian deposit offered rate component of such rate on that day shall be calculated as the cost of funds quoted by the Administrative Agent to raise Canadian dollars for the applicable Interest Period as of 10:00 a.m. Toronto local time on such day for commercial

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loans or other extensions of credit to businesses of comparable credit risk; or if such day is not a Business Day, then as quoted by the Administrative Agent on the immediately preceding Business Day.

“ CFC Subsidiary ” shall mean any Foreign Subsidiary that constitutes a controlled foreign corporation within the meaning of Section 957 of the Code to the extent the providing by such Foreign Subsidiary of a Guarantee of the Obligations of the US Borrower could reasonably be expected to result in adverse tax consequences to Holdings or any of its Subsidiaries.

“ CFC Subsidiary Holding Company ” shall mean any Subsidiary incorporated or organized under the laws of the United States of America, any State thereof or the District of Columbia engaged in no material business activities other than the holding of Equity Interests and other investments in one or more CFC Subsidiaries.

A “ Change in Control ” shall be deemed to have occurred if (a) any “person” or “group” (within the meaning of Rule 13d-5 of the Securities Exchange Act of 1934 and the rules of the Securities and Exchange Commission thereunder as in effect on the date hereof), shall own, directly or indirectly, beneficially or of record, shares representing more than 35% of the aggregate ordinary voting power represented by the issued and outstanding capital stock of Holdings, (b) during any period of twelve consecutive calendar months, individuals who at the beginning of such period constituted the board of directors of Holdings (together with any new directors whose election by the board of directors of Holdings or whose nomination for election by the stockholders of Holdings was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason other than death or disability to constitute a majority of the directors then in office; (c) other than pursuant to a transaction permitted under Section 6.05, cessation of ownership (directly or indirectly) by Holdings of 100% of the outstanding voting Equity Interests of the other Loan Parties on a fully diluted basis; or (d) the occurrence of any “Fundamental Change” as defined in the 2029 Convertible Debentures Indenture.

“ Change in Law ” shall mean (a) the adoption or taking effect of any law, rule, regulation or treaty after the date of this Agreement, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority after the date of this Agreement or (c) compliance by any Lender (or, for purposes of Section 2.14 , by any lending office of such Lender or by such Lender’s holding company, if any) with any request, rule, guideline or directive (whether or not having the force of law) of any Governmental Authority made or issued after the date of this Agreement; provided that notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder, issued in connection therewith or in implementation thereof, and (ii) all requests, rules, guidelines and directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted, issued or implemented.

“ Charges ” shall have the meaning assigned to such term in Section 2.06(g) .

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“ Class ”, when used in reference to any Term Loan or Borrowing, refers to whether such Term Loan, or the Term Loans comprising such Borrowing, are Tranche B-1 Loans, Tranche B-2 Loans or Other Term Loans and, when used in reference to any Commitment, refers to whether such Commitment is a Term Loan Commitment or Incremental Term Loan Commitment.

“ Closing Date ” shall mean December 12, 2012.

“ Co-Documentation Agents ” shall mean, collectively, UBS Securities LLC and Goldman Sachs Lending Partners LLC.

“ Code ” shall mean the Internal Revenue Code of 1986, as amended from time to time.

“ Collateral ” shall mean all the “Collateral” as defined in any Security Document and shall also include the Mortgaged Properties; provided that, for the avoidance of doubt, with respect to any US Obligation, Collateral shall not include (a) the assets of any CFC Subsidiary or (b) more than 65% of the issued and outstanding Equity Interests of any CFC Subsidiary or CFC Subsidiary Holding Company entitled to vote (within the meaning of United States Treasury Regulations Section 1.956-2(c)(2)).

“ Collateral Agent ” shall have the meaning assigned to such term in the introductory statement to this Agreement.

“ Collateral Agreements ” shall mean the US Collateral Agreement, the Canadian Collateral Agreement and the Canadian Cross-Border Collateral Agreement.

“ Commitment ” shall mean, with respect to any Lender, such Lender’s Term Loan Commitment and Incremental Term Loan Commitment.

“ Communications ” shall have the meaning assigned to such term in Section 9.01 .

“ Company ” shall mean EECOL Electric Corporation, a corporation formed under the laws of Alberta.

“ Company Related Loan Parties ” shall mean the Company and those direct and indirect subsidiaries of the Company identified on Schedule 1.01(a).

“ Confidential Information Memorandum ” shall mean the Confidential Information Memorandum of Holdings dated November 8, 2012.

“ Consolidated EBITDA ” shall mean, for any period, Consolidated Net Income of Holdings for such period plus (a) without duplication and to the extent deducted in determining such Consolidated Net Income, the sum of (i) Consolidated Interest Expense for such period, (ii) consolidated income tax expense for such period, including taxes based on profits and capital and including franchise taxes and taxes in respect of repatriated funds and similar taxes, (iii) all amounts attributable to depreciation and amortization for such period, (iv) amortized debt discount during such period, (v) any non-cash losses or non-cash charges for such period that relate to the write-down or write-off of inventory to the extent such non-cash charges or non-cash losses do not exceed US$10,000,000 in the aggregate during such period, (vi) any other

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non-cash losses or non-cash charges for such period (but excluding any write-down or write-off of receivables and any non-cash charge in respect of an item that was included in Consolidated Net Income in a prior period), (vii) restructuring costs, facilities relocation costs and acquisition integration costs and fees, including cash severance payments made in connection with acquisitions permitted hereunder, in an amount not to exceed 7.5% of Consolidated EBITDA (prior to giving effect to this clause (vii)) for such period, (viii) any expenses or charges related to any Permitted Investment, offering of Equity Interests, or any acquisition, disposition, recapitalization or incurrence of Indebtedness permitted hereunder (including a refinancing thereof), whether or not successful, and any amendment or modification to the terms of any such transactions, including such fees, expenses or charges related to the Transactions, (ix) the amount of any earn out payments or deferred purchase price in conjunction with acquisitions, (x) any costs or expenses incurred by the Borrowers or a Restricted Subsidiary pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or agreement or any stock subscription or stockholders agreement, to the extent that such costs or expenses are funded with cash proceeds contributed to the capital of the US Borrower or net cash proceeds of issuance of Qualified Capital Stock of Holdings, and (xi) any losses attributable to the sale, lease, transfer or other disposition of assets out of the ordinary course of business and minus (b) without duplication and to the extent included in Consolidated Net Income during such period, (i) all cash payments made during such period on account of reserves, restructuring charges and other non-cash charges added to Consolidated Net Income pursuant to clause (a)(v) or (vi) above in a previous period, (ii) income tax credits and refunds, (iii) interest income, (iv) any non-cash gains and non-cash items of income for such period that relate to any write-up of inventory to the extent such non-cash gains and non-cash income does not exceed US$10,000,000 in the aggregate during such period, (v) any other non-cash gains and non-cash items of income for such period, all calculated for Holdings on a consolidated basis in accordance with GAAP, and (vi) any gains attributable to the sale, lease, transfer or other disposition of assets out of the ordinary course of business; provided that, for purposes of calculating the Leverage Ratios for all purposes hereunder, (A) the Consolidated EBITDA of any Acquired Entity acquired by a Borrower or any Restricted Subsidiary pursuant to a Permitted Acquisition during such period shall be included on a pro forma basis for such period (assuming the consummation of such acquisition and the incurrence or assumption of any Indebtedness in connection therewith occurred as of the first day of such period and taking into account such adjustments as are consistent with the standards set forth in Rule 11-02(b)(6) of Regulation S-X) and (B) the Consolidated EBITDA of any Person or line of business sold or otherwise disposed of by a Borrower or any Restricted Subsidiary during such period shall be excluded for such period (assuming the consummation of such sale or other disposition and the repayment of any Indebtedness in connection therewith occurred as of the first day of such period; provided , further , in each case, that such pro forma adjustments are reasonably acceptable to the Administrative Agent in its reasonable discretion. For purposes of determining the Leverage Ratios as of or for the periods ended on December 31, 2011, March 31, 2012, June 30, 2012 and September 30, 2012, Consolidated EBITDA will be deemed to be equal to (i) for the fiscal quarter ended December 31, 2011, US$137,958,000, (ii) for the fiscal quarter ended March 31, 2012, US$129,289,000, (iii) for the fiscal quarter ended June 30, 2012, US$142,826,000 and (iv) for the fiscal quarter ended September 30, 2012, US$145,016,000.

“ Consolidated Interest Expense ” shall mean, for any period, the sum of (a) the interest expense (whether cash or non-cash interest expense and including imputed interest expense in

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respect of Capital Lease Obligations and Synthetic Lease Obligations) of Holdings for such period, determined on a consolidated basis in accordance with GAAP, plus (b) any interest accrued during such period in respect of Indebtedness of Holdings that is required to be capitalized rather than included in consolidated interest expense for such period in accordance with GAAP. For purposes of the foregoing, interest expense shall be determined after giving effect to any net payments made or received by a Credit Party with respect to interest rate Hedging Agreements.

“ Consolidated Net Income ” shall mean, for any period, the net income or loss of Holdings for such period determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded (a) the income of any Restricted Subsidiary to the extent that the declaration or payment of dividends or similar distributions by such Subsidiary of that income is not at the time permitted by operation of the terms of its charter or any agreement, instrument, judgment, decree, statute, rule or governmental regulation applicable to such Restricted Subsidiary, (b) the income or loss of any Person accrued prior to the date it becomes a Restricted Subsidiary or is merged into or consolidated with a Loan Party or any Restricted Subsidiary or the date that such Person’s assets are acquired by a Loan Party or any Restricted Subsidiary, and (c) the income of any Person in which any other Person (other than a Loan Party or a Wholly Owned Subsidiary or any director holding qualifying shares in accordance with applicable law) has a joint interest, except to the extent of the amount of dividends or other distributions actually paid to a Loan Party or a Wholly Owned Subsidiary by such Person during such period.

“ Constituent Canadian Loan Party ” shall have the meaning assigned to such term in Section 6.05(a) .

“ Control ” shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ownership of voting securities, by contract or otherwise, and the terms “ Controlling ” and “ Controlled ” shall have meanings correlative thereto.

“ Credit Parties ” shall mean, collectively, Holdings, the US Borrower and the Restricted Subsidiaries (including, for avoidance of doubt, the Canadian Borrower), and “ Credit Party ” shall mean any such Person, individually, as the context may require.

“ Current Assets ” shall mean, with respect to Holdings at any time, determined on a consolidated basis in accordance with GAAP, the consolidated current assets (other than cash and Permitted Investments) of Holdings.

“ Current Liabilities ” shall mean, with respect to Holdings at any time, determined on a consolidated basis in accordance with GAAP, the consolidated current liabilities of Holdings at such time, but excluding, without duplication, (i) the current portion of any long-term Indebtedness, (ii) outstanding loans under the ABL Credit Facility and Receivables Facility, (iii) the current portion of interest payable and (iv) the current portion of current and deferred income taxes.

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“ Default ” shall mean any event or condition which upon notice, lapse of time or both would constitute an Event of Default.

“ Designated Obligations ” shall have the meaning assigned to such term in Section 7.03(a) .

“ Disqualified Stock ” shall mean any Equity Interest that, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable at the option of the holder), or upon the happening of any event, (a) matures (excluding any maturity as the result of an optional redemption by the issuer thereof) or is mandatorily redeemable (other than redeemable only for Equity Interest of such Person which is not itself Disqualified Stock), pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof, in whole or in part, or requires the payment of any cash dividend or any other scheduled payment constituting a return of capital, in each case at any time on or prior to the date that is 91 days after the later of the Term Loan Maturity Date or the Incremental Term Loan Maturity Date in effect at the time such Equity Interest is issued, or (b) is convertible into or exchangeable unless at the sole option of the issuer thereof for (i) debt securities or (ii) any Equity Interest referred to in clause (a) above, in each case on or prior to the date that is 91 days after the later of the Term Loan Maturity Date or the Incremental Term Loan Maturity Date in effect at the time such Equity Interest is issued; provided , however , that any Equity Interests that would not constitute Disqualified Stock but for provisions thereof giving holders thereof the right to require such Person to purchase or redeem such Equity Interest upon the occurrence of an “asset sale”, “casualty event”, “fundamental change” or “change of control” occurring prior to the Term Loan Maturity Date or Incremental Term Loan Maturity Date shall not constitute Disqualified Stock if any such requirement only becomes operative after compliance with the terms applicable under this Agreement, including the prepayment of Term Loans pursuant hereto. Notwithstanding the foregoing, and for the avoidance of doubt, the 2029 Convertible Debentures shall not constitute Disqualified Stock.

“ Dollars ” or “ US$ ” shall mean lawful money of the United States of America.

“ Domestic Subsidiaries ” shall mean all Subsidiaries incorporated or organized under the laws of the United States of America, any State thereof or the District of Columbia other than (a) any CFC Subsidiary Holding Company and (b) any Subsidiary that is incorporated or organized under the laws of the United States of America, any State thereof or the District of Columbia that is a Subsidiary of a CFC Subsidiary.

“ Eligible Assignee ” shall mean any Person (other than a natural Person) that is (i) a Lender, (ii) an Affiliate of a Lender, (iii) a Related Fund of a Lender or (iv) any other Person (other than a natural person) approved by the Administrative Agent; provided that, notwithstanding the foregoing, “Eligible Assignee” shall not include any Loan Party or any Affiliate thereof.

“ Engagement Letter ” shall mean the Engagement Letter dated November 6, 2012 among Holdings, the Administrative Agent, Barclays Bank PLC, UBS Securities LLC and Goldman Sachs Lending Partners LLC.

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“ Environmental Claim ” shall mean any claim, action, cause of action, suit, proceeding, investigation, order, demand or notice (written or oral) by any Person alleging any liability, contingent or otherwise (including liability for damages, costs of environmental remediation, fines, penalties or indemnities), directly or indirectly resulting from or based upon (a) any violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) any exposure to any Hazardous Materials, (d) the presence, release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

“ Environmental Laws ” shall mean all applicable laws, rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices or binding agreements issued, promulgated or entered into by any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural resources, the management, release or threatened release of any Hazardous Material or to health and safety matters.

“ Equity Interests ” shall mean shares of capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity interests in any Person, and any option, warrant or other right entitling the holder thereof to purchase or otherwise acquire any such equity interest.

“ Equivalent Amount ” shall mean, on any date of determination, with respect to obligations or valuations denominated in Canadian Dollars, the amount of Dollars which would result from the conversion of the relevant amount of Canadian Dollars into Dollars at the 12:00 noon rate quoted by Bloomberg on www.bloomberg.com/markets/currencies/fxc.html (or if such source is not available, such other source as determined by the Administrative Agent to be a replacement for the purpose of displaying such exchange rates) on such date or, if such date is not a Business Day, on the Business Day immediately preceding such date of determination, or at such other rate as may have been agreed in writing between the Borrowers and the Administrative Agent.

“ ERISA ” shall mean the Employee Retirement Income Security Act of 1974, as the same may be amended from time to time.

“ ERISA Affiliate ” shall mean any trade or business (whether or not incorporated) that, together with either Borrower, is treated as a single employer under Section 414(b) or (c) of the Code, or solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414(m) of the Code.

“ ERISA Event ” shall mean (a) any “reportable event”, as defined in Section 4043(c) of ERISA or the regulations issued thereunder, with respect to a Plan (other than an event for which the 30-day notice period referred to in Section 4043(a) of ERISA has been waived), (b) the failure by any Plan to meet the minimum funding standard of Section 412 of the Code applicable to such Plan (whether or not waived in accordance with Section 412(c) of the Code) or the failure of either of the Borrowers or any of their ERISA Affiliates to make by its due date a required installment under Section 430(j) of the Code with respect to any Plan or the failure to make any required contribution to a Multiemployer Plan unless the failure is cured within 30

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days, (c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan, (d) the incurrence by either of the Borrowers or any of their ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan, including but not limited to the imposition of any Lien in favor of the PBGC or any Plan, or the withdrawal or partial withdrawal of either of the Borrowers or any of their ERISA Affiliates from any Plan or Multiemployer Plan, (e) the receipt by either of the Borrowers or any of their ERISA Affiliates from the PBGC or a plan administrator of any notice relating to the intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan under Section 4042 of ERISA, (f) the receipt by either of the Borrowers or any of their ERISA Affiliates of any notice, or the receipt by any Multiemployer Plan from either of the Borrowers or any of their ERISA Affiliates of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, “insolvent” (within the meaning of Section 4245 of ERISA) or in “reorganization” (within the meaning of Section 4241 of (ERISA), (g) the imposition of liability on either of the Borrowers or any of their ERISA Affiliates pursuant to Sections 4062(e) or 4069 of ERISA or by reason of the application of Section 4212(c) of ERISA, or (h) the occurrence of any comparable event with respect to a Foreign Pension Plan.

“ Eurodollar ”, when used in reference to any Term Loan or Borrowing, refers to whether such Term Loan, or the Term Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted LIBO Rate.

“ Events of Default ” shall have the meaning assigned to such term in Article VII.

“ Excess Cash Flow ” shall mean, for any fiscal year of Holdings, an amount equal to the excess of:

(a) the sum, without duplication, of: (i) Consolidated Net Income for such period, (ii) income tax expense for such period to the extent deducted in arriving at such Consolidated New Incomes, (iii) an amount equal to the amount of all non-cash charges during such period, including amounts attributable to depreciation, amortization and amortized debt discount, to the extent deducted in arriving at such Consolidated Net Income, (iv) an amount equal to the aggregate net non-cash loss on the sale, lease, transfer or other disposition of assets by any Credit Party during such period (other than in the ordinary course of business) to the extent deducted in arriving at such Consolidated Net Income, and (v) reductions to noncash working capital of the Credit Parties for such fiscal year (i.e., the decrease, if any, in Current Assets minus Current Liabilities from the beginning to the end of such fiscal year) (provided that, for purposes of determining changes in such noncash working capital during such fiscal year, (A) acquisitions occurring during such fiscal year shall be deemed to have occurred on the first day of such fiscal year and (B) any reduction to noncash working capital for such fiscal year shall, for purposes of determining Excess Cash Flow for such fiscal year, be offset (but not beyond the amount of such reduction) by the excess, if any, of the aggregate amount of all repayments of borrowings under the ABL Credit Facility and the Receivables Facility (or any other facility permitted under Section 6.01(n) or (p) ) during such fiscal year, other than repayments subtracted in determining such Excess Cash Flow pursuant to clause (b)(iii) below, over the aggregate amount of all borrowings under the ABL Credit Facility and the Receivables Facility (or any other facility permitted under Section 6.01(n) or (p) ) during such fiscal year),

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over

(b) the sum, without duplication, of: (i) an amount equal to the amount of all non-cash gains or credits included in arriving at such Consolidated Net Income, (ii) the amount of Capital Expenditures made in cash during such period, (iii) permanent repayments of Indebtedness (other than mandatory prepayments of Term Loans under Section 2.13 and voluntary prepayments of Term Loans that reduce the mandatory prepayment under Section 2.13 ) made during such period, but only to the extent that the Indebtedness so prepaid by its terms cannot be reborrowed or redrawn and such prepayments do not occur in connection with a refinancing of all or any portion of such Indebtedness with new Indebtedness, (iv) an amount equal to the aggregate net non-cash gain on the sale, lease, transfer or other disposition of assets by a Credit Party during such period (other than in the ordinary course of business) to the extent included in arriving at such Consolidated Net Income, (v) cash payments by a Credit Party during such period in respect of long-term liabilities (other than Indebtedness) not expensed or otherwise deducted in determining Consolidated Net Income during such period, (vi) the amount expended in cash during such period with respect to Permitted Acquisitions and Investments permitted under Section 6.04(i) (other than Investments permitted as a result of clause (b) of the definition of Available Amount), (vii) payments made in cash during such period by a Restricted Subsidiary that is not a Wholly Owned Subsidiary of the US Borrower to holders of minority Equity Interests in such Restricted Subsidiary that are not Affiliates of such Restricted Subsidiary, including pursuant to dividends declared or paid on Equity Interests held by such holders, to the extent permitted hereunder, (viii) the aggregate amount of expenditures actually made by the Credit Parties in cash during such period (including expenditures for the payment of financing fees) to the extent that such expenditures are not expensed or otherwise deducted in determining Consolidated Net Income during such period, (ix) the aggregate amount of any premium, make-whole or penalty payments actually paid in cash by the Credit Parties during such period that are required to be made in connection with any prepayment of Indebtedness, (x) the amount of cash taxes paid in such period, (xi) earnout payments and deferred purchase price payments made in cash during such fiscal year, and (xii) additions to noncash working capital for such fiscal year (i.e., the increase, if any, in Current Assets minus Current Liabilities from the beginning to the end of such fiscal year) (provided that, for purposes of determining changes in such noncash working capital during such fiscal year, acquisitions occurring during such fiscal year shall be deemed to have occurred on the first day of such fiscal year); provided that no amount paid or expended under this clause (b) shall be deducted in determining Excess Cash Flow to the extent financed with the proceeds of Indebtedness of a Credit Party or of the issuance or sale of equity interests of Holdings or proceeds of casualty or condemnation or other proceeds that would not be included in Consolidated Net Income.

“ Excluded Subsidiary ” shall mean any Subsidiary that (a) is a bankruptcy remote special purpose vehicle consented to by the Administrative Agent (including Receivables SPV but excluding the Real Estate Subsidiaries at any time after March 1, 2013), (b) any Foreign Subsidiary that is not a party to a Security Agreement, (c) any Foreign Subsidiary that is not organized under the laws of Canada or a province thereof or a parent of such Foreign Subsidiary that is organized under the laws of the Netherlands, or (d) is identified in writing to the Administrative Agent and (i) the assets of which do not exceed 5.0% of the consolidated assets of Holdings and the revenues of which do not exceed 5.0% of the consolidated revenues of Holdings, and (ii) the aggregate assets of which, when taken together with all other Excluded

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Subsidiaries under this clause (d), do not exceed 15.0% of the consolidated assets of Holdings and the aggregate revenues of which, when taken together with all other Excluded Subsidiaries under this clause (d), do not exceed 15.0% of the consolidated revenues of Holdings, in each case as of the last day of the most recently completed period of four consecutive fiscal quarters ending prior to the date of such determination for which the financial statements and certificates required by Section 5.04(a) or 5.04(b), as the case may be, and Section 5.04(c) have been delivered.

“ Excluded Taxes ” shall mean, with respect to the Administrative Agent, any Lender or any other recipient of any payment to be made by or on account of any obligation of the Borrowers or any other Loan Party hereunder or under any other Loan Document, (a) income or franchise Taxes imposed on (or measured by) its net income by the jurisdiction under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable lending office is located (other than on account of the execution, delivery, performance, filing, recording and enforcement of, and the other activities contemplated in this Agreement and the other Loan Documents), (b) any branch profits Taxes imposed by the United States of America or any similar Tax imposed by any other jurisdiction described in clause (a) above, (c) any Tax imposed by FATCA, (d) in the case of a Lender (other than an assignee pursuant to a request by the Borrowers under Section 2.21(a)), any withholding Tax that is imposed on amounts payable to such Lender (or which would have been imposed had such amount been paid) at the time such Lender becomes a party to this Agreement (or designates a new lending office), except to the extent that such Lender (or its assignor, if any) was entitled, at the time of designation of a new lending office (or assignment), to receive additional amounts from the Borrowers with respect to such withholding Tax pursuant to Section 2.20(a), and (e) any withholding Tax that is solely attributable to such recipient’s failure to comply with Section 2.20(e).

“ Existing Holdcos ” shall have the meaning assigned to such term in the definition of “Acquisition”.

“ Existing Parent ” shall have the meaning assigned to such term in the definition of “Acquisition”.

“ Existing Senior Notes ” shall mean the US Borrower’s 7.50% Senior Subordinated Notes Due 2017 issued pursuant to that certain Indenture dated as of September 27, 2005 between the US Borrower and the Senior Notes Trustee.

“ Facility ” shall mean the term loan facility provided for by this Agreement.

“ FATCA ” shall mean Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Code.

“ Federal Funds Effective Rate ” shall mean, for any day, the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System

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arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for the day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it.

“ Fees ” shall mean the Upfront Fees and the Administrative Agent Fees.

“ Financial Officer ” of any Person shall mean the chief financial officer, principal accounting officer, treasurer, assistant treasurer or controller of such Person and, in the case of the Canadian Borrower, any officer thereof that performs for the Canadian Borrower the responsibilities commonly associated with a chief financial officer, principal accounting officer, treasurer, assistant treasurer or controller.

“ Foreign Pension Plan ” shall mean any defined benefit employee benefit plan (other than a Canadian Pension Plan) that is not subject to U.S. law and is maintained by Holdings, a Borrower or any Subsidiary that under applicable law is required to be funded through a trust or other funding vehicle other than a trust or funding vehicle maintained exclusively by a Governmental Authority, which employee benefit plan is subject to the laws of any jurisdiction outside the United States.

“ Foreign Prepayment Proceeds Receipt ” shall have the meaning assigned to such term in Section 2.13(i) .

“ Foreign Subsidiary ” shall mean any Restricted Subsidiary that is not a Domestic Subsidiary.

“ GAAP ” shall mean United States generally accepted accounting principles applied on a basis consistent with the financial statements delivered pursuant to Section 4.02(n) .

“ Governmental Authority ” shall mean any applicable federal, state, local or foreign court or governmental agency, authority, instrumentality or regulatory body.

“ Granting Lender ” shall have the meaning assigned to such term in Section 9.04(i) .

“ Guarantee ” of or by any Person shall mean any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “ primary obligor ”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the payment of such Indebtedness or other obligation, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment of such Indebtedness or other obligation or (c) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation; provided , however , that the term “Guarantee” shall not include endorsements for collection or deposit in the ordinary course of business.

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“ Guarantee Agreement ” shall mean the Guarantee Agreement, substantially in the form of Exhibit D-4 dated as of the date hereof and as amended, modified or supplemented from time to time, among Holdings, the US Borrower, the Canadian Borrower, the US Subsidiary Guarantors, the Canadian Subsidiary Guarantors, the Canadian Cross-Border Guarantors, the Netherlands Subsidiary Guarantors and the Administrative Agent.

“ Guarantors ” shall mean Holdings and the Subsidiary Guarantors.

“ Hazardous Materials ” shall mean all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants or contaminants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law.

“ Hedging Agreement ” shall mean (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of ISDA Master Agreement, including any such obligations or liabilities under any ISDA Master Agreement.

“ Holdings ” shall have the meaning assigned to such term in the introductory statement to this Agreement.

“ Incremental Term Borrowing ” shall mean a Borrowing comprised of Incremental Term Loans.

“ Incremental Term Lender ” shall mean a Lender with an Incremental Term Loan Commitment or an outstanding Incremental Term Loan.

“ Incremental Term Loan Amount ” shall mean, at any time, the excess, if any, of (a) an aggregate principal amount not to exceed US$300,000,000, over (b) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.24 . For purposes of determining the aggregate amount of Incremental Term Loan Commitments established pursuant to Section 2.24 , the principal amount of each Incremental Term Loan shall be equal to the Dollar amount (in the case of Incremental Loans denominated in Dollars) or the Equivalent Amount (in the case of Incremental Loans denominated in Canadian Dollars) of such Incremental Term Loan Commitment determined as of the date of the applicable Incremental Term Loan Assumption Agreement.

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“ Incremental Term Loan Assumption Agreement ” shall mean an Incremental Term Loan Assumption Agreement among, and in form and substance reasonably satisfactory to, the Borrowers, the Administrative Agent and one or more Incremental Term Lenders.

“ Incremental Term Loan Commitment ” shall mean the commitment of any Lender, established pursuant to Section 2.24 , to make Incremental Term Loans to the Borrowers.

“ Incremental Term Loan Maturity Date ” shall mean the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

“ Incremental Term Loan Repayment Dates ” shall mean the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

“ Incremental Term Loans ” shall mean Term Loans made by one or more Lenders to a Borrower pursuant to Section 2.01(b) . Incremental Term Loans may be made in the form of additional Term Loans or, to the extent permitted by Section 2.24 and provided for in the relevant Incremental Term Loan Assumption Agreement, Other Term Loans.

“ Indebtedness ” of any Person shall mean, without duplication, (a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person upon which interest charges are customarily paid, (d) all obligations of such Person under conditional sale or other title retention agreements relating to property or assets purchased by such Person, (e) all obligations of such Person in respect of the deferred purchase price of property or services (excluding trade accounts payable and accrued obligations incurred in the ordinary course of business), (f) all obligations of others secured by (or for which the holder of such obligations has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the obligations secured thereby have been assumed, (g) all Guarantees by such Person of Indebtedness of others, (h) all Capital Lease Obligations of such Person, (i) all Synthetic Lease Obligations of such Person, (j) net obligations of such Person under any Hedging Agreements, valued at the Agreement Value thereof, (k) all obligations of such Person to purchase, redeem, retire, defease or otherwise make any payment in respect of any Equity Interests of such Person or any other Person or any warrants, rights or options to acquire such equity interests, valued, in the case of redeemable preferred interests, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends, (l) all obligations of such Person as an account party in respect of letters of credit and (m) all obligations of such Person in respect of bankers’ acceptances; provided that, for the avoidance of doubt, all obligations in respect of the Receivables Facility or any replacement thereof, shall be Indebtedness hereunder. The Indebtedness of any Person shall include the Indebtedness of any partnership in which such Person is a general partner. Notwithstanding the foregoing, Indebtedness shall not include (i) operating leases as defined under GAAP as of the Closing Date to the extent that such leases are deemed to be Indebtedness solely as a result of any change in the requirements under GAAP after the Closing Date and (ii) Indebtedness related to the Existing Senior Notes to the extent such Indebtedness has been discharged or defeased pursuant to a Permitted Debt Defeasance but only for a period of up to forty-five (45) days after the Closing Date.

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“ Indemnified Taxes ” shall mean Taxes other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of the Borrower or any other Loan Party hereunder or under any other Loan Document.

“ Indemnitee ” shall have the meaning assigned to such term in Section 9.05(b) .

“ Information ” shall have the meaning assigned to such term in Section 9.16 .

“ Intercompany Step Transactions ” shall mean the series of intercompany loans (including the New Canada LP I $150,000,000 Intercompany Loan and the other loans evidenced by the Transaction Related Intercompany Notes), capital contributions, property transfers, amalgamations and other transactions scheduled to occur during the period commencing on or before the Closing Date and ending on or about December 18, 2012, all in accordance with and as more fully described in the Step Plan.

“ Intercreditor Agreement ” shall mean that certain Intercreditor Agreement dated as of the Closing Date by and among the ABL Agent, the Administrative Agent and the Collateral Agent, as the same may be amended, restated, modified, supplemented or replaced from time to time in accordance with the terms thereof.

“ Interest Payment Date ” shall mean (a) with respect to any ABR Term Loan or Canadian Prime Rate Term Loan, the last Business Day of each March, June, September and December, and (b) with respect to any Eurodollar Term Loan or CDOR Rate Term Loan, the last day of the Interest Period applicable to the Borrowing of which such Term Loan is a part and, in the case of a Eurodollar Borrowing or CDOR Rate Borrowing with an Interest Period of more than three months’ duration, each day that would have been an Interest Payment Date had successive periods of three months’ duration been applicable to such Borrowing.

“ Interest Period ” shall mean, with respect to any Eurodollar Borrowing or CDOR Rate Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day (or, if there is no numerically corresponding day, on the last day) in the calendar month that is 1, 2, 3, 6 or, if available to all applicable Lenders, 12 months thereafter, as the applicable Borrower may elect; provided , however , that (a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day, (b) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period and (c) no Interest Period for any Term Loan shall extend beyond the maturity date of such Term Loan. Interest on each Eurodollar Borrowing or CDOR Rate Borrowing shall accrue from and including the first day of an Interest Period to but excluding the last day of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing.

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“ Intermediate Holding Company ” means a Subsidiary which has no Indebtedness (other than pursuant to the Loan Documents or intercompany Indebtedness to Holdings or any Restricted Subsidiary of Holdings not prohibited by Section 6.01) and holds no material assets other than Equity Interests in another Subsidiary.

“ Investment ” shall have the meaning assigned to such term in Section 6.04 .

“ IRS ” shall mean the United States Internal Revenue Service.

“ Joint Lead Arrangers ” shall mean, collectively, Credit Suisse Securities (USA) LLC, Barclays Bank PLC, UBS Securities LLC and Goldman Sachs Lending Partners LLC (it being understood that “Joint Lead Arrangers” shall include Credit Suisse Securities (USA) LLC, Barclays Bank PLC, UBS Securities LLC and Goldman Sachs Lending Partners LLC in their respective capacities as joint bookrunners with respect to the primary syndication of the Facility).

“ judgment currency ” shall have the meaning assigned to such term in Section 9.20 .

“ Lender Parties ” shall mean the Administrative Agent, each Lender, each SPV and each other recipient of a payment from the Borrowers or the Guarantors under the Loan Documents.

“ Lenders ” shall mean (a) the Persons listed on Schedule 2.01 (other than any such Person that has ceased to be a party hereto pursuant to an Assignment and Acceptance) and (b) any Person that has become a party hereto pursuant to an Assignment and Acceptance.

“ Leverage Ratios ” shall mean the Total Leverage Ratio and the Secured Leverage Ratio.

“ LIBO Rate ” shall mean, with respect to any Eurodollar Borrowing for any Interest Period, the rate per annum determined by the Administrative Agent at approximately 11:00 a.m. (London time) on the date that is two Business Days prior to the commencement of such Interest Period by reference to the British Bankers’ Association Interest Settlement Rates for deposits in Dollars (as set forth by any service selected by the Administrative Agent that has been nominated by the British Bankers’ Association as an authorized information vendor for the purpose of displaying such rates) for a period equal to such Interest Period; provided that, to the extent that an interest rate is not ascertainable pursuant to the foregoing provisions of this definition, the “LIBO Rate” shall be the interest rate per annum determined by the Administrative Agent to be the average of the rates per annum at which deposits in Dollars are offered for such relevant Interest Period to major banks in the London interbank market in London, England by the Administrative Agent at approximately 11:00 a.m. (London time) on the date that is two Business Days prior to the beginning of such Interest Period.

“ Lien ” shall mean, with respect to any asset, (a) any mortgage, deed of trust, hypothec, lien, pledge, encumbrance, charge or security interest in or on such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities.

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“ Loan Document Obligations ” shall mean (a) the due and punctual payment of (i) the principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Term Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, and (ii) all other monetary obligations of the Borrowers to any of the Secured Parties under this Agreement and each of the other Loan Documents, including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), (b) the due and punctual performance of all other obligations of the Borrowers under or pursuant to this Agreement and each of the other Loan Documents, and (c) the due and punctual payment and performance of all the obligations of each other Loan Party under or pursuant to this Agreement and each of the other Loan Documents.

“ Loan Documents ” shall mean this Agreement, the Security Documents, the Intercreditor Agreement, each Incremental Term Loan Assumption Agreement, the promissory notes, if any, executed and delivered pursuant to Section 2.04(e) and any other document executed in connection with the foregoing.

“ Loan Parties ” shall mean, collectively, the US Loan Parties and the Canadian Loan Parties, including, on and after the Acquisition Joinder Date, the Company Related Loan Parties.

“ Margin Stock ” shall have the meaning assigned to such term in Regulation U.

“ Material Adverse Effect ” shall mean a material adverse effect on (a) the business, assets, operations or financial condition, of Holdings and its Subsidiaries taken as a whole, (b) the ability of the Loan Parties, taken as a whole, to perform any of their obligations under the Loan Documents to which they are a party, (c) the Collateral, the Collateral Agent’s Liens on the Collateral or the priority of such Liens (this clause (c) to be taken as a whole), or (d) the rights of or remedies available to the Administrative Agent or the Lenders under any of the Loan Documents.

“ Material Indebtedness ” shall mean Indebtedness (other than the Term Loans), or obligations in respect of one or more Hedging Agreements, of any Credit Party in an aggregate principal amount exceeding US$35,000,000. For purposes of determining Material Indebtedness, the “principal amount” of the obligations of a Credit Party in respect of any Hedging Agreement at any time shall be the Agreement Value of such Hedging Agreement at such time.

“ Maximum Rate ” shall have the meaning assigned to such term in Section 2.06(g) .

“ Moody’s ” shall mean Moody’s Investors Service, Inc., or any successor thereto.

“ Mortgaged Properties ” shall mean, initially, the owned real properties of the Loan Parties specified on Schedule 1.01(d) , and shall include each other parcel of real property and improvements thereto with respect to which a Mortgage is granted pursuant to Sections 5.12 and 5.13 ; provided that, for the avoidance of doubt, with respect to any US Obligation, Mortgaged Properties shall not include such owned real properties and leasehold and subleasehold interests, or any other parcel of real property and improvements thereto, of any CFC Subsidiary.

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“ Mortgages ” shall mean the mortgages, deeds of trust, modifications, hypothecs and other security documents delivered pursuant to clause (i) of Section 4.02(j) or pursuant to Sections 5.12 or 5.13 , each substantially in the form of Exhibit E .

“ Multiemployer Plan ” shall mean a Plan which is a multiemployer plan as defined in Section 4001(a)(3) of ERISA.

“ Net Cash Proceeds ” shall mean, (a) with respect to any Asset Sale, the cash proceeds (including cash proceeds subsequently received (as and when received) in respect of noncash consideration initially received), net of (i) selling fees, costs and expenses (including reasonable broker’s fees or commissions, legal fees, transfer and similar taxes and the US Borrower’s good faith estimate of income taxes paid or payable in connection with such sale), (ii) amounts provided as a reserve, in accordance with GAAP, against any liabilities under any indemnification obligations or purchase price adjustment associated with such Asset Sale ( provided that, to the extent and at the time any such amounts are released from such reserve and not applied to any such liability, such amounts shall constitute Net Cash Proceeds) and (iii) the principal amount, premium or penalty, if any, interest and other amounts on any Indebtedness for borrowed money which is secured by the asset sold in such Asset Sale and which is required to be repaid with such proceeds or is paid in order to obtain any necessary consent to such Asset Sale or by applicable law, is required to be repaid out of the proceeds from such Asset Sale (other than any such Indebtedness assumed by the purchaser of such asset); provided , however , that, if (x) the US Borrower shall deliver a certificate of a Financial Officer to the Administrative Agent at the time of receipt thereof setting forth the US Borrower’s intent to reinvest such proceeds in productive assets of a kind then used or usable in the business of the US Borrower and its Restricted Subsidiaries within 365 days of receipt of such proceeds and (y) no Default or Event of Default shall have occurred and shall be continuing at the time of such certificate or at the proposed time of the application of such proceeds, such proceeds shall not constitute Net Cash Proceeds except to the extent not so used at the end of such 365-day period, at which time such proceeds shall be deemed to be Net Cash Proceeds, (b) with respect to any issuance or incurrence of Indebtedness, the cash proceeds thereof, net of all taxes and customary fees, commissions, costs and other expenses incurred in connection therewith and (c) with respect to any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or similar proceeding of, any property or asset, the cash proceeds received from such casualty, damage or condemnation event, net of fees and expenses and the principal amount, premium or penalty, if any, interest and other amounts on any Indebtedness for borrowed money which is secured by such property and which is required to be repaid with such proceeds.

“ Netherlands Subsidiary Guarantors ” means, individually or collectively as the context may require, (a) WDINESCO III B.V., WDINESCO III C.V., WDINESCO II C.V. and WDINESCO C.V. and (b) any Person organized under the laws of the Netherlands that hereafter becomes a party to the applicable Security Documents after the Closing Date pursuant to a joinder agreement and is required to guarantee the payment of the Canadian Obligations pursuant to Section 5.12 and (c) the successors and assigns of the Persons described in clauses (a) and (b) of this definition.

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“ New Canada LP I ” shall mean WESCO Canada I, LP, a limited partnership organized under the laws of Alberta.

“ New Canada LP I $150,000,000 Intercompany Loan ” shall mean that certain Intercompany Loan by WDC Holding Inc. to New Canada LP I in the original principal amount of $150,000,000 evidenced by the New Canada LP I Intercompany Note.

“ New Canada LP I $150,000,000 Intercompany Note ” shall mean that certain Subordinated Promissory Note from New Canada LP I to WDC Holding Inc. dated as of December 12, 2012 in the original principal amount of US$150,000,000.

“ New Canada LP II ” shall mean WESCO Canada II, LP, a limited partnership organized under the laws of Alberta.

“ Obligations ” shall mean, individually and collectively, as the context may require, the US Obligations and the Canadian Obligations.

“ OFAC ” shall mean the Office of Foreign Assets Control of the U.S. Treasury Department.

“ Other Taxes ” shall mean any and all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made under any Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, any Loan Document.

“ Other Term Loan OID ” shall have the meaning assigned to such term in Section 2.24(b) .

“ Other Term Loans ” shall have the meaning assigned to such term in Section 2.24(a) .

“ Parallel Debt ” shall have the meaning assigned to such term in the Guarantee Agreement.

“ parent ” shall have the meaning assigned to such term in the definition of “subsidiary.”

“ Participant Register ” shall have the meaning assigned to such term in Section 9.04(f) .

“ PBGC ” shall mean the Pension Benefit Guaranty Corporation referred to and defined in ERISA.

“ Pension Event ” means (a) the whole or partial withdrawal of a Canadian Loan Party from a Canadian Pension Plan during a plan year; or (b) the filing of a notice of intent to terminate in whole or in part a Canadian Pension Plan or the treatment of a Canadian Pension Plan amendment as a termination or partial termination; or (c) the institution of proceedings by any Governmental Authority to terminate in whole or in part or have a trustee appointed to administer a Canadian Pension Plan; or (d) any other event or condition which might reasonably constitute grounds for the termination of, winding up or partial termination or winding up or the appointment of trustee to administer, any Canadian Pension Plan.

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“ Perfection Certificate ” shall mean the Perfection Certificate substantially in the form of Exhibit B to the Collateral Agreements.

“ Permitted Acquisition ” shall have the meaning assigned to such term in Section 6.04(g) .

“ Permitted Debt Defeasance ” shall mean, with respect to the Existing Senior Notes, that the Indebtedness relating thereto (i) has been called for redemption and for which funds sufficient to redeem such Indebtedness and pay interest thereon to the applicable redemption date have been irrevocably deposited with the Senior Notes Trustee on or before the Closing Date pursuant to Section 8.01(a) of the indenture pursuant to which the Existing Senior Notes were issued or (ii) has otherwise been discharged or defeased to the reasonable satisfaction of the Administrative Agent.

“ Permitted Defeased Debt ” shall mean, with respect to the Existing Senior Notes, the Indebtedness relating thereto after the Permitted Debt Defeasance.

“ Permitted Investments ” shall mean:

(a) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of America or Canada (or by any agency thereof to the extent such obligations are backed by the full faith and credit of such government), in each case maturing within one year from the date of issuance thereof;

(b) investments in commercial paper maturing within 270 days from the date of issuance thereof and having, at such date of acquisition, the highest credit rating obtainable from S&P or from Moody’s;

(c) investments in certificates of deposit, banker’s acceptances and time deposits maturing within one year from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, the Administrative Agent or any domestic office of any commercial bank organized under the laws of the United States of America or Canada or any State thereof that has a combined capital and surplus and undivided profits of not less than US$500,000,000 and that either (i) issues (or the parent of which issues) commercial paper rated at least “Prime-1” (or the then equivalent grade) by Moody’s or “A-1” (or the then equivalent grade) by S&P or (ii) has (or the parent of which has) a long term senior unsecured debt rating of at least “A2” (or the then equivalent grade) by Moody’s or “A” (or the then equivalent grade) by S&P;

(d) fully collateralized repurchase agreements with a term of not more than 30 days for securities described in clause (a) above and entered into with a financial institution satisfying the criteria of clause (c) above;

(e) investments in “money market funds” within the meaning of Rule 2a-7 of the Investment Company Act of 1940, as amended, which (i) are rated AAA by S&P and Aaa by Moody’s and (ii) have portfolio assets of at least US$500,000,000; and

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(f) other short-term investments utilized by Foreign Subsidiaries in accordance with normal investment practices for cash management in investments of a type analogous to the foregoing.

“ Person ” shall mean any natural person, corporation, business trust, joint venture, association, company, limited liability company, unlimited liability company, partnership, Governmental Authority or other entity.

“ Plan ” shall mean any employee pension benefit plan (as defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA and in respect of which either of the Borrowers or any ERISA Affiliate is (or, if such Plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

“ Platform ” shall have the meaning assigned to such term in Section 9.01 .

“ Post-Closing Amalgamation Transaction ” shall mean the various amalgamations occurring on or after the Acquisition in accordance with and as contemplated by the Step Plan, whereby (i) on or about December 18, 2012 the Existing Holdcos, Existing Parent and EESA Holdings Ltd., in one or more transactions, shall amalgamate into one Canadian operating company such that, after giving effect to such transactions, such entities shall continue under the laws of Alberta as “EECOL Holdings, Ltd.”, which corporation shall be a direct, wholly-owned Subsidiary of Canadian Borrower, and (ii) in a series of transactions occurring on or prior to December 31, 2013, EECOL Holdings, Ltd. (the corporation resulting from the amalgamations contemplated in clause (i)) shall amalgamate with Canadian Borrower and Canadian Borrower shall then amalgamate with EECOL Electric Corp. such that, after giving effect to such transactions, such entities shall continue under the laws of Alberta as a single corporation governed by the constituent documents of Canadian Borrower under either the name “WDCC Enterprises Inc.” or “EECOL Electric Corp.”, and shall be a direct, wholly-owned Subsidiary of WDINESCO III B.V. (it being understood that WDINESCO III B.V. shall be a direct, wholly-owned Subsidiary of New Canada LP I). Any single amalgamation between any Canadian Loan Party and any other Canadian Loan Party contemplated by the Step Plan may be referred to herein as a “ Post-Closing Amalgamation Transaction .”

“ primary obligor ” shall have the meaning assigned to such term in the definition of “Guarantee.”

“ Public Lender ” shall have the meaning assigned to such term in Section 9.01 .

“ Purchase Agreement ” shall mean that certain Share Purchase Agreement dated October 15, 2012 among the Canadian Borrower, the Company, the shareholders of (x) the Company, (y) the Existing Parent and (z) the Existing Holdcos party thereto and the other parties party thereto.

“ Qualified Capital Stock ” of any Person shall mean any Equity Interest of such Person that is not Disqualified Stock.

“ Real Estate Loan Agreements ” means, collectively, (a) the Loan Agreement dated as of December 13, 2002 originally between WESCO Real Estate IV, LLC as borrower and Bear

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Stearns Commercial Mortgage, Inc. as lender, (b) the Loan Agreement dated as of February 14, 2003 originally between WESCO Real Estate I, LLC, as borrower and Bear Stearns Commercial Mortgage, Inc., as lender, (c) the Loan Agreement dated as of February 24, 2003 originally between WESCO Real Estate II, LLC, as borrower and Bear Stearns Commercial Mortgage, Inc., as lender, and (d) the Loan Agreement dated as of January 30, 2003 originally between WESCO Real Estate III, LLC, as borrower and Bear Stearns Commercial Mortgage, Inc., as lender, in each case, as amended, restated, modified, waived or supplemented from time to time.

“ Real Estate Subsidiaries ” means WESCO Real Estate I, LLC, WESCO Real Estate II, LLC, WESCO Real Estate III, LLC, and WESCO Real Estate IV, LLC, each of which is a Delaware limited liability company.

“ Receivables Facility ” shall mean that certain accounts receivable securitization facility, through which certain US Loan Parties sell, on a continuous basis, an undivided interest in certain accounts receivable to Receivables SPV, which, in turn, sells, without recourse, a senior undivided interest in such receivables to third-party conduits and financial institutions for cash, pursuant to and in accordance with the Receivables Securitization Documents.

“ Receivables Securitization Documents ” shall mean (i) that certain Third Amended and Restated Receivables Purchase Agreement, dated as of April 13, 2009 (as amended through and in effect on the Closing Date), by and among Receivables SPV, US Borrower, the Purchasers and Purchaser Agents party thereto (as defined therein) and PNC Bank, National Association, as Administrator thereunder, (ii) that certain Purchase and Sale Agreement dated as of June 30, 1999, among Receivables SPV and WESCO Distribution, Inc., and (iii) all other documents, agreements and instruments executed or delivered in connection therewith, in each case, as amended, restated, supplemented or otherwise modified or replaced from time to time in accordance with the terms hereof.

“ Receivables SPV ” shall mean WESCO Receivables Corp., a Delaware corporation and indirect wholly owned Subsidiary of US Borrower.

“ Register ” shall have the meaning assigned to such term in Section 9.04(d) .

“ Regulation S-X ” shall mean Regulation S-X under the Securities Act of 1933, as amended, together with the interpretations of the Securities and Exchange Commission thereunder.

“ Regulation T ” shall mean Regulation T of the Board as from time to time in effect and all official rulings and interpretations thereunder or thereof.

“ Regulation U ” shall mean Regulation U of the Board as from time to time in effect and all official rulings and interpretations thereunder or thereof.

“ Regulation X ” shall mean Regulation X of the Board as from time to time in effect and all official rulings and interpretations thereunder or thereof.

“ Reinvestment Election ” shall have the meaning assigned to such term in Section 2.13(b) .

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“ Reinvestment Net Cash Proceeds ” shall have the meaning assigned to such term in Section 2.13(b) .

“ Related Fund ” shall mean, with respect to any Lender that is a fund or commingled investment vehicle that invests in bank loans, any other fund that invests in bank loans and is managed or advised by the same investment advisor as such Lender or by an Affiliate of such investment advisor.

“ Related Parties ” shall mean, with respect to any specified Person, such Person’s Affiliates and the respective directors, trustees, officers, employees, agents and advisors of such Person and such Person’s Affiliates.

“ Repayment Date ” shall have the meaning given such term in Section 2.11(a) .

“ Repricing Event ” shall mean the repayment, prepayment or refinancing of all or any portion of the loans under the Facility substantially concurrently with the incurrence by Holdings, either Borrower or any of their respective Restricted Subsidiaries of any new Indebtedness for borrowed money having a lower “effective” yield than such loans under the Facility, or any amendment to the Facility that has the effect of reducing the “effective” yield (as reasonably determined by the Administrative Agent in consultation with Holdings, but excluding any bona fide arrangement, underwriting, structuring or similar fees not generally shared with the applicable lenders) then applicable to, such loans under the Facility (including any mandatory assignment in connection therewith with respect to each Lender that refuses to consent to such amendment).

“ Required Lenders ” shall mean, at any time, Lenders having Term Loans and Term Loan Commitments representing more than 50% of the sum of all Term Loans outstanding and Term Loan Commitments at such time.

“ Responsible Officer ” of any Person shall mean any executive officer or Financial Officer of such Person and any other officer or similar official thereof responsible for the administration of the obligations of such Person in respect of this Agreement.

“ Restricted Indebtedness ” shall mean Indebtedness of a Loan Party or any Restricted Subsidiary, the payment, prepayment, redemption, repurchase or defeasance of which is restricted under Section 6.09(b) .

“ Restricted Payment ” shall mean any dividend or other distribution (whether in cash, securities or other property, other than Qualified Capital Stock of the Person making such dividend or distribution so long as any such dividend or distribution that is made by a Subsidiary is issued ratably to such Subsidiary’s equityholders) with respect to any Equity Interests in any Loan Party or any Restricted Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any Equity Interests in a Loan Party or any Restricted Subsidiary (other than any such payment made with Qualified Capital Stock of the issuer of the Equity Interests being purchased, redeemed, retired, acquired, cancelled or terminated).

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“ Restricted Subsidiary ” shall mean any Subsidiary of a Borrower other than an Unrestricted Subsidiary and shall include each of the Company Related Loan Parties as of the Acquisition Joinder Date.

“ S&P ” shall mean Standard & Poor’s Ratings Service, or any successor thereto.

“ Secured Debt ” shall mean, at any time with respect to a Person, the aggregate Indebtedness of such Person (excluding Indebtedness of the type described in clauses (i), (j), (k) and (l) of the definition of such term, except in the case of such clause (l), to the extent of any unreimbursed drawings thereunder) secured by a Lien on any of its properties or assets at such time.

“ Secured Hedging Agreement ” shall mean a Hedging Agreement with a Loan Party that (i) is in effect on the Closing Date with a counterparty that is the Administrative Agent or a Lender or an Affiliate of the Administrative Agent or a Lender as of the Closing Date or (ii) is entered into after the Closing Date with any counterparty that is the Administrative Agent or a Lender or an Affiliate of the Administrative Agent or a Lender at the time such Hedging Agreement is entered into, in each case, for the avoidance of doubt, whether or not the Administrative Agent, a Lender, or an Affiliate of the Administrative Agent or Lender ceases to be the Administrative Agent, Lender, or Affiliate of the Administrative Agent or Lender after the date the Hedging Agreement was entered into.

“ Secured Hedging Obligations ” shall mean the due and punctual payment of all obligations and liabilities (including interest accruing at the then applicable rate provided in any Secured Hedging Agreement during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) arising under or pursuant to any Secured Hedging Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for payment or otherwise, in each case whether on account of scheduled periodic payments, interest, fees, indemnities, costs, expenses or otherwise (including all fees and disbursements of counsel to the relevant counterparty to the Secured Hedging Agreement, as applicable, that are required to be paid by the applicable Loan Party pursuant to the terms of such Secured Hedging Agreement).

“ Secured Leverage Ratio ” shall mean, on any date, the ratio of Secured Debt of the Credit Parties on such date to Consolidated EBITDA for the most recently completed period of four consecutive fiscal quarters ending prior to such date for which the financial statements and certificates required by Section 5.04(a) or 5.04(b), as the case may be, and Section 5.04(c) have been delivered (or such other date as otherwise specified in this Agreement).

“ Secured Parties ” shall mean (a) the Lenders, (b) the Administrative Agent, (c) the Collateral Agent, (d) each counterparty to any Secured Hedging Agreement, (e) the beneficiaries of each indemnification obligation undertaken by any Loan Party under any Loan Document and (f) the successors and assigns of each of the foregoing.

“ Security Documents ” shall mean the Mortgages, the Guarantee Agreement, the Collateral Agreements and each of the security agreements, mortgages, hypothecs and other

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instruments and documents executed and delivered pursuant to any of the foregoing or pursuant to Section 5.12 .

“ Senior Notes Trustee ” shall mean Bank of New York Mellon, as successor to J.P. Morgan Trust Company, National Association, as Trustee.

“ Significant Subsidiary ” shall mean, with respect to paragraphs (g) and (h) of Article VII hereof, on any date of determination, (a) any Restricted Subsidiary that, together with its Subsidiaries that constitute Restricted Subsidiaries, would constitute a “significant subsidiary” as set forth in Rule 1-02(w) of Regulation S-X under the Securities Act, and (b) any Restricted Subsidiary which, when aggregated with all other Restricted Subsidiaries that are not otherwise Significant Subsidiaries and as to which any event described in paragraph (g) or (h) of Article VII hereof has occurred, would collectively satisfy the criteria for the determination of a Significant Subsidiary under clause (a) of this definition.

“ Solvent ” shall mean, (a) with respect to any US Person or group of US Persons, as the case may be, (i) the fair value of the assets of such Person, at a fair valuation, will exceed its debts and liabilities, subordinated, contingent or otherwise; (ii) the present fair saleable value of the property of such Person will be greater than the amount that will be required to pay the probable liability of its debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; (iii) such Person will be able to pay its debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured; and (iv) each such Person will not have unreasonably small capital with which to conduct the business in which it is engaged as such business is now conducted and is proposed to be conducted following the Closing Date, and (b) with respect to any Canadian Person, each such Canadian Person (i) is able to meet its obligations as they generally become due, (ii) is paying its current obligations in the ordinary course of business as they generally become due, and (iii) owns aggregate property that is, at fair valuation, sufficient or, if disposed of at a fairly conducted sale under legal process would be sufficient to enable payment of all its obligations due and accruing.

“ SPV ” shall have the meaning assigned to such term in Section 9.04(i) .

“ Statutory Prior Claims ” means claims for unpaid wages, vacation pay, worker’s compensation, unemployment insurance premiums, pension plan contributions or unfunded pension liabilities, employee or non-resident withholding tax source deductions, realty taxes (including utility charges and business taxes which are collectable like realty taxes), unremitted goods and services taxes, provincial sales or harmonized sales taxes, customs duties or similar statutory obligations secured by a Lien on a Loan Party’s assets.

“ Statutory Prior Liens ” means Liens securing Statutory Prior Claims.

“ Statutory Reserves ” shall mean a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board and any other banking authority, domestic or foreign, to which the Administrative Agent or any Lender (including any branch,

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Affiliate or other fronting office making or holding a Term Loan) is subject for Eurocurrency Liabilities (as defined in Regulation D of the Board). Eurodollar Term Loans shall be deemed to constitute Eurocurrency Liabilities (as defined in Regulation D of the Board) and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under such Regulation D. Statutory Reserves shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.

“ Step Plan ” shall mean that certain “Project Odyssey” step plan dated December 5, 2012 prepared for Holdings.

“ Subordinated Indebtedness ” shall mean Indebtedness evidence by the Subordinated Notes issued pursuant to the Subordinated Notes Documents and any other Indebtedness of a Loan Party subordinated to the Obligations on terms acceptable to the Administrative Agent.

“ Subordinated Note Documents ” shall mean the 2029 Convertible Debentures Indenture and all other instruments, agreements and other documents evidencing or governing the Subordinated Notes or providing for any Guarantee or other right in respect thereof.

“ Subordinated Notes ” shall mean the 2029 Convertible Debentures and any other notes, debentures or other instruments evidencing Subordinated Indebtedness.

“ subsidiary ” shall mean, with respect to any Person (herein referred to as the “ parent ”), any corporation, partnership, limited liability company, association or other business entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or more than 50% of the general partnership interests are, at the time any determination is being made, owned, Controlled or held, or (b) that is, at the time any determination is made, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent.

“ Subsidiary ” shall mean any subsidiary of the Borrowers.

“ Subsidiary Guarantors ” shall mean the US Subsidiary Guarantors, the Canadian Subsidiary Guarantors, the Canadian Cross-Border Guarantors and the Netherlands Subsidiary Guarantors, collectively.

“ Syndication Agent ” shall mean Barclays Bank PLC.

“ Synthetic Lease ” shall mean, as to any Person, any lease (including leases that may be terminated by the lessee at any time) of any property (whether real, personal or mixed) (a) that is accounted for as an operating lease under GAAP and (b) in respect of which the lessee retains or obtains ownership of the property so leased for U.S. federal income tax purposes, other than any such lease under which such Person is the lessor.

“ Synthetic Lease Obligations ” shall mean, as to any Person, an amount equal to the capitalized amount of the remaining lease payments under any Synthetic Lease that would appear on a balance sheet of such person in accordance with GAAP if such obligations were accounted for as Capital Lease Obligations.

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“ Tax Affected Tranche ” shall have the meaning assigned to such term in Section 2.13(i)(ii) .

“ Tax Neutral Tranche ” shall have the meaning assigned to such term in Section 2.13(i)(ii)

“ Taxes ” shall mean any and all present or future taxes, levies, imposts, duties, deductions, similar charges or withholdings imposed by any Governmental Authority.

“ Term Lender ” shall mean a Lender with a Term Loan Commitment or an outstanding Term Loan.

“ Term Loan Commitment ” shall mean, with respect to each Lender, the commitment of such Lender to make Term Loans hereunder as set forth on Schedule 2.01 , or in the Assignment and Acceptance pursuant to which such Lender assumed its Term Loan Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.09 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04 . Unless the context shall otherwise require, the term “ Term Loan Commitments ” shall include the Incremental Term Loan Commitments.

“ Term Loan Maturity Date ” shall mean the seventh year anniversary of the Closing Date.

“ Term Loan Repayment Dates ” shall mean the Repayment Dates and the Incremental Term Loan Repayment Dates.

“ Term Loans ” shall mean the Tranche B-1 Loans and the Tranche B-2 Loans, collectively. Unless the context shall otherwise require, the term “Term Loans” shall include any Incremental Term Loans.

“ Total Debt ” shall mean, at any time, the total Indebtedness of Holdings, the Borrowers and the Restricted Subsidiaries at such time (excluding Indebtedness of the type described in clauses (i), (j), (k) and (l) of the definition of such term, except in the case of such clause (l), to the extent of any unreimbursed drawings thereunder); provided , that for purposes of this definition, the Subordinated Notes shall be included in Total Debt at par.

“ Total Leverage Ratio ” shall mean, on any date, the ratio of Total Debt of the Credit Parties on such date to Consolidated EBITDA for the most recently completed period of four consecutive fiscal quarters ending prior to such date for which the financial statements and certificates required by Section 5.04(a) or 5.04(b), as the case may be, and Section 5.04(c) have been delivered (or such other date as otherwise specified in this Agreement).

“ Tranche ” shall refer to a category of Term Loans comprised of either the Tranche B-1 Loans or the Tranche B-2 Loans, as the context may require.

“ Tranche B-1 Commitment ” shall mean, with respect to each Lender, the commitment of such Lender to make Tranche B-1 Loans hereunder as set forth on Schedule 2.01 , or in the Assignment and Acceptance pursuant to which such Lender assumed its B-1 Loan Commitment,

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as applicable. The aggregate amount of the Lenders’ Tranche B-1 Commitments is US$700,000,000.

“ Tranche B-1 Lender ” shall mean a Lender with a Tranche B-1 Commitment or an outstanding Tranche B-1 Loan.

“ Tranche B-1 Loan ” shall mean the term loans made by the Lenders to the US Borrower pursuant to Section 2.01(a)(i) .

“ Tranche B-2 Commitment ” shall mean, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B-2 Loan hereunder on the Closing Date in the amount set forth on Schedule 2.01 , or in the Assignment and Acceptance pursuant to which such Lender assumed its Tranche B-2 Commitment, as applicable. The initial aggregate amount of the Lenders’ Tranche B-2 Commitments is C$150,000,000.

“ Tranche B-2 Lender ” shall mean a Lender with a Tranche B-2 Commitment or an outstanding Tranche B-2 Loan.

“ Tranche B-2 Loan ” shall mean the term loans made by the Lenders to the Canadian Borrower pursuant to Section 2.01(a)(ii) .

“ Transaction Related Intercompany Notes ” shall mean, collectively, (i) the New Canada LP I $150,000,000 Intercompany Note, (ii) that certain Promissory Note issued by the Canadian Borrower to WDC Holding Inc. in the original principal amount of C$480,000,000, and (iii) that certain Subordinated Promissory Note issued by the Canadian Borrower to WESCO Canada II, LP in the original principal amount of C$90,000,000, each dated as of December 13, 2012.

“ Transactions ” shall mean, collectively, (a) the execution, delivery and performance by Holdings and the Canadian Borrower of the Purchase Agreement and the consummation of the Acquisition and other transactions contemplated thereby, (b) the amendment and restatement of the ABL Credit Facility providing for lending commitments thereunder of US$600,000,000, (c) the amendment of the Receivables Facility providing for increased purchasing limits thereunder of US$475,000,000, (d) the execution, delivery and performance by the Loan Parties of the Loan Documents to which they are a party and the making of the Borrowings hereunder, (e) the discharge or defeasance of the Existing Senior Notes and (f) the payment of related fees and expenses.

“ Type ”, when used in respect of any Term Loan or Borrowing, shall refer to the Rate by reference to which interest on such Term Loan or on the Term Loans comprising such Borrowing is determined. For purposes hereof, the term “Rate” shall mean the Adjusted LIBO Rate, the Alternate Base Rate, the CDOR Rate or the Canadian Prime Rate.

“ Unaffected Tranche ” shall have the meaning assigned to such term in Section 2.13(i)(i)

“ Unrestricted Subsidiary ” shall mean (a) any Subsidiary of a Borrower that is formed or acquired after the Closing Date that is designated as an Unrestricted Subsidiary in accordance with Section 6.12 , (b) any Restricted Subsidiary designated or re-designated as an Unrestricted

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Subsidiary by a Borrower in a written notice to the Administrative Agent and in accordance with Section 6.12 and (c) each Subsidiary of an Unrestricted Subsidiary.

“ Upfront Fees ” shall have the meaning assigned to such term in Section 2.05(b).

“ US Borrower ” shall have the meaning assigned to such term in the introductory statement to this Agreement.

“ US Collateral Agreement ” shall mean the Collateral Agreement, substantially in the form of Exhibit D-1 dated as of the date hereof and as amended, modified or supplemented from time to time, among Holdings, the US Borrower, the Subsidiary Guarantors from time to time party thereto and the Collateral Agent.

“ US Loan Parties ” shall mean Holdings, the US Borrower, the US Subsidiary Guarantors, collectively and “ US Loan Party ” shall mean any such Person, individually; provided that, for purposes of the provisions of Sections 6.01(j), 6.01(k), 6.04(a), 6.05, 6.06(ii), 6.06(iii) and 6.07(b) , any US Loan Party that is not a Domestic Subsidiary shall be treated as a Canadian Loan Party and not as a US Loan Party under such provisions.

“ US Obligations ” shall mean (a) the Loan Document Obligations in respect of any US Loan Party and (b) the Secured Hedging Obligations in respect of any US Loan Party.

“ US Person ” shall mean a “United States person” as defined in Section 7701(a)(30) of the Code.

“ US Prime Rate ” shall mean the rate of interest per annum determined from time to time by Credit Suisse as its prime rate in effect at its principal office in New York City and notified to the Borrowers. This prime rate is a rate set by Credit Suisse based upon various factors including Credit Suisse’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such rate.

“ US Subsidiary Guarantors ” shall mean each Subsidiary listed on Schedule 1.01(b) , and each other Subsidiary that is or becomes a party to the Guarantee Agreement as a guarantor of US Obligations; provided that, for the avoidance of doubt, US Subsidiary Guarantors shall not include any CFC Subsidiary or any CFC Subsidiary Holding Company.

“ USA PATRIOT Act ” shall mean The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Title III of Pub. L. No. 107-56 (signed into law October 26, 2001)).

“ Wholly Owned Subsidiary ” of any Person shall mean a subsidiary of such Person of which securities (except for directors’ qualifying shares) or other ownership interests representing 100% of the Equity Interests are, at the time any determination is being made, owned, Controlled or held by such Person or one or more wholly owned Subsidiaries of such Person or by such Person and one or more wholly owned Subsidiaries of such Person.

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“ Withdrawal Liability ” shall mean liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA.

“ Yield Differential ” shall have the meaning assigned to such term in Section 2.24(b) .

Section 1.02 Terms Generally . The definitions in Section 1.01 shall apply equally to both 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”; and the words “asset” and “property” shall be construed as having 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. 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, replaced, or otherwise modified (subject to any restrictions on such amendments, supplements, replacements or modifications set forth herein), and (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns. Unless otherwise specifically indicated, the term “consolidated” with respect to any Person refers to such Person consolidated with its Restricted Subsidiaries, and excludes from such consolidation any Unrestricted Subsidiary as if such Unrestricted Subsidiary were not an Affiliate of such Person. All references herein to Articles, Sections, Exhibits and Schedules shall be deemed references to Articles and Sections of, and Exhibits and Schedules to, this Agreement unless the context shall otherwise require. Except as otherwise expressly provided herein, (a) any reference in this Agreement to any Loan Document shall mean such document as amended, restated, supplemented or otherwise modified from time to time, in each case, in accordance with the express terms of this Agreement and such Loan Document and (b) all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time, unless agreed to by Borrowers and the Required Lenders, except that for purposes of calculating the Leverage Ratios, GAAP shall be determined on the basis of such principles in effect on the date hereof and consistent with those used in the preparation of the most recent audited financial statements referred to in Section 3.05; provided , however , that (i) for purposes of determining the outstanding amount of any Indebtedness, (A) any election by the Borrowers to measure an item of Indebtedness using fair value (as permitted by the Financial Accounting Standards Board Accounting Standards Codification 825-10-25, and any statements replacing, modifying or superseding such guidance) shall be disregarded and such determination shall be made as if such election had not been made and (B) any original issue discount with respect to such Indebtedness shall not be deducted in determining the outstanding amount of such Indebtedness, and (ii) if the Borrowers notify the Administrative Agent that the Borrowers wish to amend any covenant in Article VI or any related definition, or provisions relating to Excess Cash Flow, to eliminate the effect of any change in GAAP occurring after the date of this Agreement on the operation of such covenant or provisions relating to Excess Cash Flow (or if the Administrative Agent notifies the Borrowers that the Required Lenders wish to amend Article VI or any related definition, or provisions relating to Excess Cash Flow, for such purpose), then the Borrowers’ compliance with such covenant or provisions relating to Excess Cash Flow shall be determined on the basis of GAAP in effect immediately before the relevant change in GAAP became

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effective, until either such notice is withdrawn or such covenant is amended in a manner satisfactory to the Borrowers and the Required Lenders. Until such time as such an amendment shall have been executed and delivered by the Loan Parties, the Administrative Agent and the Required Lenders, all Leverage Ratios, Excess Cash Flow calculations, standards and other terms in this Agreement shall continue to be calculated or construed as if such change in GAAP had not occurred, the Loan Parties shall provide to the Administrative Agent and the Lenders any documents and calculations required under this Agreement or as reasonably requested hereunder by the Administrative Agent or the Required Lender setting forth a reconciliation between calculations of such ratios and requirements and other terms of an accounting or a financial nature made before and after giving effect to such change in GAAP.

For purposes of any Collateral located in the Province of Quebec or charged by any deed of hypothec (or any other Loan Document) and for all other purposes pursuant to which the interpretation or construction of a Loan Document may be subject to the laws of the Province of Quebec or a court or tribunal exercising jurisdiction in the Province of Quebec, (a) “personal property” shall be deemed to include “movable property”, (b) “real property” shall be deemed to include “immovable property”, (c) “tangible property” shall be deemed to include “corporeal property”, (d) “intangible property” shall be deemed to include “incorporeal property”, (e) “security interest” and “mortgage” shall be deemed to include a “hypothec”, (f) all references to filing, registering or recording under the Uniform Commercial Code or the Personal Property Security Act shall be deemed to include publication under the Civil Code of Québec, (g) all references to “financing statement” shall be deemed to include a registration form for the purposes of effecting a registration at the Québec Registrar of Personal and Movable Real Rights, (h) all references to “perfection” of or “perfected” Liens shall be deemed to include a reference to the “opposability” of such Liens to third parties, (i) any “right of offset”, “right of setoff” or similar expression shall be deemed to include a “right of compensation”, (j) “goods” shall be deemed to include “corporeal movable property” other than chattel paper, documents of title, instruments, money and securities, and (k) an “agent” shall be deemed to include a “mandatary”.

Section 1.03 Pro Forma Calculations ; Schedules . All pro forma calculations permitted or required to be made by the Borrowers or any Subsidiary pursuant to this Agreement shall include only those adjustments that would be (a) permitted or required by Regulation S-X under the Securities Act of 1933, as amended, together with those adjustments that (i) have been certified by a Financial Officer of the Borrowers as having been prepared in good faith based upon reasonable assumptions and (ii) are based on reasonably detailed written assumptions reasonably acceptable to the Administrative Agent and (b) required by the definition Consolidated EBITDA. All schedules attached hereto by the Loan Parties shall present the information relevant thereto both as of the Closing Date and as of the Acquisition Joinder Date, after giving effect to the Transactions.

Section 1.04 Classification of Loans and Borrowings . For purposes of this Agreement, Term Loans may be classified and referred to by Class ( e.g. , a “Tranche B-1 Loan”, a “Tranche B-2 Loan” or an “Other Term Loan”), by Type ( e.g. , an “ABR Term Loan”, a “Eurodollar Term Loan”, a “Canadian Prime Rate Term Loan” or a “CDOR Rate Term Loan”) or by Class and Type ( e.g. , an “ABR Tranche B-1 Loan”, a “Eurodollar Tranche B-1 Loan”, a “Canadian Prime Rate Tranche B-2 Loan” or a “CDOR Rate Tranche B-2 Loan”). Borrowings

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also may be classified and referred to by Class ( e.g. , a “Tranche B-1 Borrowing”), by Type ( e.g. , an “ABR Borrowing, a “Eurodollar Borrowing”, a “Canadian Prime Rate Borrowing” or a “CDOR Rate Borrowing”) or by Class and Type ( e.g. , a “Eurodollar Tranche B-1 Borrowing” or a “CDOR Rate Tranche B-2 Borrowing”).

Section 1.05 Designation as Senior Debt . The Term Loans and other Obligations are hereby designated as “Senior Debt”, “Senior Indebtedness”, “Designated Senior Indebtedness” and “Designated Senior Debt” for all purposes of the Subordinated Note Documents.

ARTICLE II

The Credits

Section 2.01 Term Loan Commitments . (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth:

(i) each Tranche B-1 Lender agrees, severally and not jointly, to make a Tranche B-1 Loan to the US Borrower on the Closing Date in a principal amount not to exceed its Tranche B-1 Commitment; and

(ii) each Tranche B-2 Lender agrees, severally and not jointly, to make a Tranche B-2 Loan to the Canadian Borrower on the Closing Date in a principal amount not to exceed it Tranche B-2 Loan Commitment.

Amounts repaid or prepaid in respect of Term Loans may not be reborrowed.

(b) Each Lender having an Incremental Term Loan Commitment, severally and not jointly, hereby agrees, subject to the terms and conditions and relying upon the representations and warranties set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrowers, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Section 2.02 Loans . (a) Each Term Loan shall be made as part of a Borrowing consisting of Term Loans made by the Lenders ratably in accordance with their applicable Term Loan Commitments; provided, however , that the failure of any Lender to make any Term Loan shall not in itself relieve any other Lender of its obligation to lend hereunder (it being understood, however, that no Lender shall be responsible for the failure of any other Lender to make any Term Loan required to be made by such other Lender). The Term Loans comprising any Borrowing shall be in an aggregate principal amount that is (i) an integral multiple of US$1,000,000 or C$1,000,000, as applicable, and not less than US$5,000,000 or C$5,000,000, as applicable (except, with respect to any Incremental Term Borrowing, to the extent otherwise provided in the related Incremental Term Loan Assumption Agreement) or (ii) equal to the remaining available balance of the applicable Term Loan Commitments.

(b) Subject to Sections 2.08 and 2.15 (i) each Borrowing of a Tranche B-1 Loan shall be denominated in Dollars and shall be comprised entirely of ABR Term Loans

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or LIBO Rate Loans as the US Borrower may request pursuant to Section 2.03 and (ii) each Borrowing of a Tranche B-2 Loan shall be denominated in Canadian Dollars and shall be comprised entirely of CDOR Rate Term Loans or Canadian Prime Rate Term Loans as the Canadian Borrower may request pursuant to Section 2.03 . Each Lender may at its option make any Eurodollar Term Loan or CDOR Rate Term Loan, as applicable, by causing any domestic or foreign branch or Affiliate of such Lender to make such Term Loan; provided that (i) any exercise of such option shall not affect the obligation of the Borrowers to repay such Term Loan in accordance with the terms of this Agreement and (ii) in exercising such option, such Lender shall use reasonable efforts to minimize any increase in the Adjusted LIBO Rate or increased costs to the Borrowers resulting therefrom (which obligation of such Lender shall not require it to take, or refrain from taking, actions that it determines would result in increased costs for which it will not be compensated hereunder or that it otherwise determines would be disadvantageous to it and in the event of such request for costs for which compensation is provided under this Agreement, the provisions of Section 2.14 shall apply). Borrowings of more than one Type may be outstanding at the same time; provided, however , that the Borrowers shall not be entitled to request any Borrowing that, if made, would result in more than five Eurodollar Borrowings outstanding or more than five CDOR Rate Borrowings outstanding hereunder at any time. For purposes of the foregoing, Borrowings having different Interest Periods, regardless of whether they commence on the same date, shall be considered separate Borrowings.

(c) Each Lender shall make each Term Loan to be made by it hereunder on the Closing Date or any date a Borrower requests funding of an Incremental Term Loan by wire transfer of immediately available funds to such account in New York City as the Administrative Agent may designate not later than 1:00 p.m., New York City time, and the Administrative Agent shall promptly credit the amounts so received to an account designated by the applicable Borrower or, if a Borrowing shall not occur on such date because any condition precedent herein specified shall not have been met, return the amounts so received to the respective Lenders.

(d) Unless the Administrative Agent shall have received notice from a Lender prior to the date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s portion of such Borrowing, the Administrative Agent may assume that such Lender has made such portion available to the Administrative Agent on the date of such Borrowing in accordance with paragraph (c) above and the Administrative Agent may, in reliance upon such assumption, make available to the applicable Borrower on such date a corresponding amount. If the Administrative Agent shall have so made funds available then, to the extent that such Lender shall not have made such portion available to the Administrative Agent, such Lender and the applicable Borrower severally agree to repay to the Administrative Agent forthwith on demand (without duplication) such corresponding amount together with interest thereon, for each day from the date such amount is made available to such Borrower to but excluding the date such amount is repaid to the Administrative Agent at (i) in the case of such Borrower, a rate per annum equal to the interest rate applicable at the time to the Term Loans comprising such Borrowing and (ii) in the case of such Lender, a rate determined by the Administrative Agent to represent its cost of overnight or short-term funds (which determination shall be conclusive absent manifest error). If such Lender shall repay to the Administrative Agent such corresponding amount, such amount shall constitute such Lender’s Term Loan as part of such Borrowing for purposes of this Agreement.

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Section 2.03 Borrowing Procedure . Each Borrower shall deliver a fully executed Borrowing Request at least one Business Day prior to the Closing Date and the applicable Borrower shall deliver a fully executed Borrowing Request prior to any date such Borrower requests funding of an Incremental Term Loan (i) in the case of a Eurodollar Borrowing, not later than 12:00 (noon), New York City time, two Business Days before the date of the proposed Borrowing, (ii) in the case of an ABR Borrowing, not later than 12:00 noon, New York City time, one Business Day before the date of the proposed Borrowing, (iii) in the case of a CDOR Rate Borrowing, not later than 12:00 (noon), New York City time, two Business Days before the date of the proposed Borrowing, and (iv) in the case of a Canadian Prime Rate Borrowing not later than 12:00 noon, New York City time, one Business Day before the date of the proposed Borrowing. Each such Borrowing Request shall be irrevocable (other than the initial Borrowing Requests delivered prior to the Closing Date) and shall specify the following information with respect to each Borrowing: (i) the name of the Borrower, (ii) whether the Borrowing being requested is to be a Tranche B-1 Loan, a Tranche B-2 Loan or an Incremental Term Borrowing, (iii) whether such Borrowing is to be a Eurodollar Borrowing, an ABR Borrowing, a CDOR Rate Borrowing or a Canadian Prime Rate Borrowing ( provided that, until the Administrative Agent shall have notified the Borrowers that the primary syndication of the Term Loan Commitments has been completed (which notice shall be given as promptly as practicable and, in any event, within 30 days after the Closing Date), the Borrowers shall not be permitted to request a Eurodollar Borrowing or a CDOR Rate Borrowing with an Interest Period in excess of one month); (iv) the date of such Borrowing (which shall be a Business Day); (v) the number and location of the account to which funds are to be disbursed; (vi) the amount of such Borrowing; and (vii) if such Borrowing is to be a Eurodollar Borrowing or CDOR Rate Borrowing, the Interest Period with respect thereto; provided , however , that, notwithstanding any contrary specification in any Borrowing Request, each requested Borrowing shall comply with the requirements set forth in Section 2.02 . If no election as to the Type of Borrowing is specified in any such notice, then the requested Borrowing shall be an ABR Borrowing or Canadian Prime Rate Borrowing, as applicable. If no Interest Period with respect to any Eurodollar Borrowing or CDOR Rate Borrowing is specified in any such notice, then the Borrowers shall be deemed to have selected an Interest Period of one month’s duration. The Administrative Agent shall promptly advise the applicable Lenders of any notice given pursuant to this Section 2.03 (and the contents thereof), and of each Lender’s portion of the requested Borrowing.

Section 2.04 Evidence of Debt; Repayment of Loans . (a) (i) The US Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Tranche B-1 Lender the principal amount of each Tranche B-1 Loan of such Tranche B-1 Lender and (ii) the Canadian Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Tranche B-2 Lender the principal amount of each Tranche B-2 Loan of such Tranche B-2 Lender, in each case, as provided in Section 2.11 .

(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrowers to such Lender resulting from each Term Loan made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.

(c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Term Loan made hereunder, the Class and Type thereof and, if

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applicable, the Interest Period applicable thereto (if any), (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrowers to each Lender hereunder, as applicable and (iii) the amount of any sum received by the Administrative Agent hereunder from the Borrowers or any Guarantor and each Lender’s share thereof.

(d) The entries made in the accounts maintained pursuant to paragraphs (b) and (c) above shall be prima facie evidence of the existence and amounts of the obligations therein recorded; provided , however , that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrowers to repay the Term Loans in accordance with their terms.

(e) Any Lender may request that Term Loans made by it hereunder be evidenced by a promissory note substantially in the form of Exhibit I-1, Exhibit I-2 or Exhibit I-3, as applicable. In such event, the applicable Borrower shall prepare, execute and deliver to such Lender a promissory note payable to such Lender and its registered assigns and in substantially the form of Exhibit I-1, Exhibit I-2 or Exhibit I-3 or otherwise in a form and substance reasonably acceptable to the Administrative Agent and such Borrower. Notwithstanding any other provision of this Agreement, in the event any Lender shall request and receive such a promissory note, the interests represented by such note shall at all times (including after any assignment of all or part of such interests pursuant to Section 9.04 ) be represented by one or more promissory notes payable to the payee named therein or its registered assigns.

Section 2.05 Fees .

(a) The Borrowers agree to pay to the Administrative Agent, for its own account, the administrative fees set forth in the Engagement Letter at the times and in the amounts specified therein (the “ Administrative Agent Fees ”).

(b) The Borrowers agree to pay to the Administrative Agent, (i) for the account of each Tranche B-1 Lender, a fee equal to 1.00% of the aggregate amount of the Tranche B-1 Loans made on the Closing Date and (ii) for the account of each Tranche B-2 Lender, a fee equal to 2.00% of the aggregate amount of the Tranche B-2 Loans made on the Closing Date pursuant to the terms and conditions of the Engagement Letter (collectively, the “ Upfront Fees ”).

(c) All Fees shall be paid on the dates due, in immediately available funds, to the Administrative Agent for distribution, if and as appropriate, among the Lenders. Once paid, none of the Fees shall be refundable under any circumstances.

Section 2.06 Interest on Loans . (a) Subject to the provisions of Section 2.07 , the Term Loans comprising each ABR Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be, and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

(b) Subject to the provisions of Section 2.07 , the Term Loans comprising each Eurodollar Borrowing shall bear interest (computed on the basis of the actual

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number of days elapsed over a year of 360 days and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof if made in accordance with Section 2.19 ) at a rate per annum equal to the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin.

(c) Subject to the provisions of Section 2.07 , the Term Loans comprising each CDOR Rate Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be) and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof if made in accordance with Section 2.19 ) at a rate per annum equal to the CDOR Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin.

(d) Subject to the provisions of Section 2.07 , the Term Loans comprising each Canadian Prime Rate Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be, and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof if made in accordance with Section 2.19 ) at a rate per annum equal to the Canadian Prime Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin.

(e) Interest on each Term Loan shall be payable on the Interest Payment Dates applicable to such Term Loan except as otherwise provided in this Agreement. The applicable Alternate Base Rate, Adjusted LIBO Rate, Canadian Prime Rate or CDOR Rate for each Interest Period or day within an Interest Period, as the case may be, shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

(f) (i) For purposes of the Interest Act (Canada), and to the extent applicable, whenever any interest is calculated on the basis of a period of time other than a year of 365 or 366 days, as applicable, the annual rate of interest to which each rate of interest utilized pursuant to such calculation is equivalent is such rate so utilized multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by the number of days used in such calculation. For the purposes of the Interest Act (Canada), the principle of deemed reinvestment of interest will not apply to any interest calculation under the Loan Documents, and the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.

(ii) If any provision of this Agreement or any of the other Loan Documents would obligate the Canadian Borrower to make any payment of interest (for purposes of Section 347 of the Criminal Code (Canada)) or other amount payable to any Lender under any Loan Documents in an amount or calculated at a rate which would be prohibited by law or would result in a receipt by that Lender of interest at a criminal rate (as construed under the Criminal Code (Canada)), then notwithstanding that provision, if any payment, collection or demand pursuant to this Agreement or any of the other Loan Documents in respect of such interest is determined to be contrary to the provisions of the Criminal Code (Canada), such payment, collection, or demand shall be deemed to have been made by mutual mistake of the affected Lender and Canadian Borrower and that amount or rate shall be deemed to have been adjusted with retroactive effect to the maximum amount or rate of interest, as the case may be, as would not be so prohibited by law or result in a receipt by that Lender of interest at a criminal

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rate, the adjustment to be effected, to the extent necessary, (A) first, by reducing the amount or rate of interest required to be paid to the affected Lender under this Section 2.06 and (B) thereafter, by reducing any fees, commissions, premiums and other amounts required to be paid to the affected Lender which would constitute interest for purposes of Section 347 of the Criminal Code (Canada).

(iii) Notwithstanding clause (f)(ii), and after giving effect to all adjustments contemplated thereby, if any Lender shall have received an amount in excess of the maximum permitted by the Criminal Code (Canada), then Canadian Borrower shall be entitled, by notice in writing to the affected Lender, to obtain reimbursement from that Lender in an amount equal to the excess, and pending reimbursement, the amount of the excess shall be deemed to be an amount payable by that Lender to Canadian Borrower.

(iv) Any amount or rate of interest referred to in this Section 2.06(f) shall be determined in accordance with generally accepted actuarial practices and principles as an effective annual rate of interest over the term of this Agreement on the assumption that any charges, fees or expenses that fall within the meaning of interest (as defined in the Criminal Code (Canada)) shall be prorated over that period of time and, in the event of a dispute, a certificate of a Fellow of the Canadian Institute of Actuaries appointed by the Administrative Agent shall be conclusive for the purposes of that determination.

(g) Notwithstanding anything herein to the contrary, but subject to Section 2.06(f), if at any time the interest rate applicable to any Term Loan, together with all fees, charges and other amounts which are treated as interest on such Term Loan under applicable law (collectively the “ Charges ”), shall exceed the maximum lawful rate (the “ Maximum Rate ”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Term Loan or participation in accordance with applicable law, the rate of interest payable in respect of such Term Loan or participation hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Term Loan or participation but were not payable as a result of the operation of this Section 2.06(g) shall be cumulated and the interest and Charges payable to such Lender in respect of other Term Loans or participations or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender.

Section 2.07 Default Interest . If a Borrower shall default in the payment of any principal of or interest on any Term Loan or any other amount due hereunder or under any other Loan Document, by acceleration or otherwise, or if an Event of Default described in paragraph (g) or (h) of Section 7.01 shall have occurred, then, until such defaulted amount (or in the case of an Event of Default described in paragraph (g) or (h) of Section 7.01 , all amounts outstanding hereunder, which shall be deemed overdue for purposes of this Section 2.07 ) shall have been paid in full, all such overdue amounts shall, to the extent permitted by applicable law, bear interest (after as well as before judgment), payable on demand, (a) in the case of overdue principal, at the rate otherwise applicable to such Term Loan pursuant to Section 2.06 plus 2.00% per annum and (b) in all other cases, at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 360 days (in the case of any overdue amount

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denominated in Dollars) or 365 or 366 days, as the case may be (in the case of any overdue amount denominated in Canadian Dollars)) equal to the rate that would be applicable to an ABR Term Loan or Canadian Prime Rate Term Loan, as applicable, plus 2.00% per annum.

Section 2.08 Alternate Rate of Interest .

(a) In the event, and on each occasion, that on the day two Business Days prior to the commencement of any Interest Period for a Eurodollar Borrowing (i) the Administrative Agent shall have determined that Dollar deposits in the principal amounts of the Term Loans comprising such Borrowing are not generally available in the London interbank market, (ii) the Administrative Agent is advised by the Required Lenders that the rates at which such Dollar deposits are being offered will not adequately and fairly reflect the cost to the majority of Lenders of making or maintaining Eurodollar Term Loans during such Interest Period, or (iii) the Administrative Agent determines that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate for such Interest Period, the Administrative Agent shall, as soon as practicable thereafter, give written or fax notice of such determination to the US Borrower and the Tranche B-1 Lenders. In the event of any such determination, until the Administrative Agent shall have advised the US Borrower and the Tranche B-1 Lenders that the circumstances giving rise to such notice no longer exist, any request by the US Borrower for a Eurodollar Borrowing pursuant to Section 2.03 or 2.10 shall be deemed to be a request for an ABR Borrowing.

(b) In the event, and on each occasion, that on or prior to the commencement of any Interest Period for a CDOR Rate Borrowing (i) the Administrative Agent shall have determined that bankers’ acceptances in the principal amounts of the Term Loans comprising such Borrowing are not generally being bid for discount or purchase in the Canadian money markets, (ii) the Administrative Agent is advised by the Required Lenders that the rates at which such bankers’ acceptances are being bid will not adequately and fairly reflect the cost to the majority of Lenders of making or maintaining CDOR Rate Term Loans during such Interest Period, or (iii) the Administrative Agent determines that adequate and reasonable means do not exist for ascertaining the CDOR Rate for such Interest Period, the Administrative Agent shall, as soon as practicable thereafter, give written or fax notice of such determination to the Canadian Borrower and the Tranche B-2 Lenders. In the event of any such determination, until the Administrative Agent shall have advised the Canadian Borrower and the Tranche B-2 Lenders that the circumstances giving rise to such notice no longer exist, any request by the Canadian Borrower for a CDOR Rate Borrowing pursuant to Section 2.03 or 2.10 shall be deemed to be a request for an Canadian Prime Rate Borrowing.

(c) Each determination by the Administrative Agent under this Section 2.08 shall be conclusive absent manifest error.

Section 2.09 Termination of Term Loan Commitments . The Term Loan Commitments (other than any Incremental Term Loan Commitments, which shall terminate as provided in the related Incremental Term Loan Assumption Agreement) shall automatically terminate upon the making of the Term Loans on the Closing Date.

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Section 2.10 Conversion and Continuation of Borrowings . Each Borrower, as applicable, shall have the right at any time upon prior irrevocable notice to the Administrative Agent (a) not later than 12:00 (noon), New York City time, on the date of conversion, to convert any Eurodollar Borrowing into an ABR Borrowing or convert any CDOR Rate Borrowing into a Canadian Prime Rate Borrowing, (b) not later than 12:00 (noon), New York City time, three Business Days prior to conversion or continuation, to convert any ABR Borrowing into a Eurodollar Borrowing or to continue any Eurodollar Borrowing as a Eurodollar Borrowing for an additional Interest Period, (c) not later than 12:00 (noon), New York City time, two Business Days prior to conversion or continuation, to convert any Canadian Prime Rate Borrowing into a CDOR Rate Borrowing or to continue any CDOR Rate Borrowing as a CDOR Rate Borrowing for an additional Interest Period, (d) not later than 12:00 (noon), New York City time, three Business Days prior to conversion, to convert an Interest Period with respect to any Eurodollar Borrowing to another permissible Interest Period and (e) not later than 12:00 (noon), New York City time, two Business Days prior to conversion, to convert an Interest Period with respect to any CDOR Rate Borrowing to another permissible Interest Period, subject in each case to the following:

(i) until the Acquisition takes place, the Borrowers shall not be entitled to borrow any Eurodollar Borrowing or CDOR Rate Borrowing;

(ii) until the Administrative Agent shall have notified the Borrowers that the primary syndication of the Term Loan Commitments has been completed (which notice shall be given as promptly as practicable and, in any event, within 30 days after the Closing Date), no ABR Borrowing may be converted into a Eurodollar Borrowing with an Interest Period in excess of one month and no Canadian Prime Rate Term Loan may be converted into a CDOR Rate Term Loan with an Interest Period of more than one month;

(iii) each conversion or continuation shall be made pro rata among the Tranche B-1 Lenders and Tranche B-2 Lenders, as applicable, in accordance with the respective principal amounts of the Term Loans comprising the converted or continued Borrowing;

(iv) if less than all the outstanding principal amount of any Borrowing shall be converted or continued, then each resulting Borrowing shall satisfy the limitations specified in Sections 2.02(a) and 2.02(b) regarding the principal amount and maximum number of Borrowings of the relevant Type;

(v) each conversion of a Tranche B-1 Loan shall be effected by each Tranche B-1 Lender and the Administrative Agent by recording for the account of such Lender the new Term Loan of such Tranche B-1 Lender resulting from such conversion and reducing the Term Loan (or portion thereof) of such Lender being converted by an equivalent principal amount; accrued interest on any Eurodollar Term Loan (or portion thereof) being converted shall be paid by the US Borrower at the time of conversion;

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(vi) each conversion of a Tranche B-2 Loan shall be effected by each Tranche B-2 Lender and the Administrative Agent by recording for the account of such Lender the new Term Loan of such Tranche B-2 Lender resulting from such conversion and reducing the Term Loan (or portion thereof) of such Lender being converted by an equivalent principal amount; accrued interest on any CDOR Rate Term Loan (or portion thereof) being converted shall be paid by the Canadian Borrower at the time of conversion;

(vii) if any Eurodollar Borrowing is converted at a time other than the end of the Interest Period applicable thereto, the US Borrower shall pay, upon demand, any amounts due to the Lenders pursuant to Section 2.16 ;

(viii) if any CDOR Rate Borrowing is converted at a time other than the end of the Interest Period applicable thereto, the Canadian Borrower shall pay, upon demand, any amounts due to the Lenders pursuant to Section 2.16 ;

(ix) any portion of a Borrowing maturing or required to be repaid in less than one month may not be converted into or continued as a Eurodollar Borrowing or CDOR Rate Borrowing;

(x) any portion of a Eurodollar Borrowing or CDOR Rate Borrowing that cannot be converted into or continued as a Eurodollar Borrowing or CDOR Rate Borrowing by reason of the immediately preceding clause shall be automatically converted at the end of the Interest Period in effect for such Borrowing into an ABR Borrowing or Canadian Prime Rate Borrowing, respectively;

(xi) no Interest Period may be selected for any Eurodollar Borrowing that would end later than a Term Loan Repayment Date occurring on or after the first day of such Interest Period if, after giving effect to such selection, the aggregate outstanding amount of (A) the Eurodollar Borrowings comprised of Term Loans or Other Term Loans, as applicable, with Interest Periods ending on or prior to such Term Loan Repayment Date and (B) the ABR Borrowings comprised of Term Loans or Other Term Loans, as applicable, would not be at least equal to the principal amount of such Borrowings to be paid by the US Borrower on such Term Loan Repayment Date;

(xii) no Interest Period may be selected for any CDOR Rate Borrowing that would end later than a Term Loan Repayment Date occurring on or after the first day of such Interest Period if, after giving effect to such selection, the aggregate outstanding amount of (A) the CDOR Rate Borrowings comprised of Term Loans or Other Terms Loans, as applicable, with Interest Periods ending on or prior to such Term Loan Repayment Date and (B) the Canadian Prime Rate Borrowings comprised of Term Loans or Other Term Loans, as applicable, would not be at least equal to the principal amount of

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such Borrowings to be paid by the Canadian Borrower on such Term Loan Repayment Date; and

(xiii) upon notice to the Borrowers from the Administrative Agent given at the request of the Required Lenders, after the occurrence and during the continuance of a Default or Event of Default, no outstanding Term Loan may be converted into, or continued as, a Eurodollar Term Loan or a CDOR Rate Term Loan.

Each notice pursuant to this Section 2.10 shall be irrevocable and shall refer to this Agreement and specify (i) the identity and amount of the Borrowing that each of the Borrowers requests be converted or continued, (ii) whether such Borrowing is to be converted to or continued as a Eurodollar Borrowing or an ABR Borrowing or as a CDOR Rate Borrowing or Canadian Prime Rate Borrowing, as applicable, (iii) if such notice requests a conversion, the date of such conversion (which shall be a Business Day) and (iv) if such Borrowing is to be converted to or continued as a Eurodollar Borrowing or a CDOR Rate Borrowing, as applicable, the Interest Period with respect thereto. If no Interest Period is specified in any such notice with respect to any conversion to or continuation as a Eurodollar Borrowing or CDOR Rate Borrowing, as applicable, the Borrowers shall be deemed to have selected an Interest Period of one month’s duration. The Administrative Agent shall advise the Lenders of the relevant Tranche of any notice given pursuant to this Section 2.10 and of each Lender’s portion of any converted or continued Borrowing. If the Borrowers shall not have given notice in accordance with this Section 2.10 to continue any Borrowing into a subsequent Interest Period (and shall not otherwise have given notice in accordance with this Section 2.10 to convert such Borrowing), such Borrowing shall, at the end of the Interest Period applicable thereto (unless repaid pursuant to the terms hereof), automatically be continued as an ABR Borrowing or a Canadian Prime Rate Borrowing, as applicable.

Section 2.11 Repayment of Borrowings . (a) (i) The US Borrower shall pay to the Administrative Agent, for the account of the Tranche B-1 Lenders, on the last Business Day of each March, June, September and December prior to the Term Loan Maturity Date beginning on March 31, 2013, or if any such date is not a Business Day, on the next preceding Business Day (each such date being called a “ Repayment Date ”), equal quarterly installments of principal equal to 0.25% of the original principal amount of the Tranche B-1 Loans advanced on the Closing Date (as adjusted from time to time pursuant to Sections 2.12 , 2.13(g) and 2.24(d) ), together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment.

(ii) The Canadian Borrower shall pay to the Administrative Agent, for the account of the Tranche B-2 Lenders, on the Repayment Dates, equal quarterly installments of principal equal to 0.25% of the original principal amount of the Tranche B-2 Loans advanced on the Closing Date (as adjusted from time to time pursuant to Sections 2.12 , 2.13(g) and 2.24(d) ), together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment.

(iii) The Borrowers shall pay to the Administrative Agent, for the account of the Incremental Term Lenders, on each Incremental Term Loan

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Repayment Date, a principal amount of the Other Term Loans (as adjusted from time to time pursuant to Sections 2.12 and 2.13(g)) equal to the amount set forth for such date in the applicable Incremental Term Loan Assumption Agreement, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment.

(b) To the extent not previously paid, all Term Loans and Other Term Loan shall be due and payable on the Term Loan Maturity Date and the Incremental Term Loan Maturity Date, respectively, together with accrued and unpaid interest on the principal amount to be paid to but excluding the date of payment.

(c) All repayments pursuant to this Section 2.11 shall be subject to Sections 2.16 and 2.25 , but shall otherwise be without premium or penalty.

Section 2.12 Voluntary Prepayment . (a) The Borrowers shall have the right at any time and from time to time to prepay any Borrowing, in whole or in part without premium or penalty other than as provided in Section 2.16 and Section 2.25 , (i) upon at least three Business Days’ prior written or fax notice (or telephone notice promptly confirmed by written or fax notice) in the case of Eurodollar Term Loans, (ii) upon at least two Business Days’ prior written or fax notice (or telephone notice promptly confirmed by written or fax notice) in the case of CDOR Rate Term Loans or (iii) written or fax notice (or telephone notice promptly confirmed by written or fax notice) at least one Business Day prior to the date of prepayment in the case of ABR Term Loans or Canadian Prime Rate Term Loans, to the Administrative Agent before 12:00 (noon), New York City time; provided, however , that in each case, each partial prepayment shall be in an amount that is an integral multiple of US$1,000,000 or C$1,000,000, as applicable, and not less than US$5,000,000 or C$5,000,000, as applicable.

(b) Voluntary prepayments of Term Loans shall be applied against the remaining scheduled installments of principal due in respect of such Term Loans under Section 2.11 as directed by the applicable Borrower (or absent such direction, pro rata).

(c) Each notice of prepayment shall specify the prepayment date and the principal amount of each Borrowing (or portion thereof) to be prepaid, shall be irrevocable and shall commit the applicable Borrower to prepay such Borrowing by the amount stated therein on the date stated therein; provided , however , that if such prepayment is for all of the then outstanding Term Loans under any Tranche, or all Tranches, then the Borrowers may revoke such notice and/or extend the prepayment date by not more than five Business Days; provided further , however , that (i) if the then outstanding Term Loans under any Tranche or all Tranches are being prepaid in full Borrowers may extend the prepayment date by the amount of any delay in the consummation of any refinancing that is the source of such prepayment, and (ii) the provisions of Section 2.16 shall apply with respect to all such revocations or extensions. All prepayments under this Section 2.12 shall be subject to Sections 2.16 and 2.25 but otherwise without premium or penalty. All prepayments under this Section 2.12 shall be accompanied by accrued and unpaid interest on the principal amount to be prepaid to but excluding the date of payment.

Section 2.13 Mandatory Prepayments . (a) [Reserved]

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(b) No later than the fifth Business Day following the receipt of Net Cash Proceeds in respect of any Asset Sale, the Borrowers shall apply 100% of the Net Cash Proceeds received by any Loan Party or any Restricted Subsidiary with respect thereto to prepay outstanding Term Loans in accordance with Section 2.13(g) , except with respect to those Net Cash Proceeds that are (x) Reinvestment Net Cash Proceeds (as defined below), (y) proceeds of ABL Priority Collateral (as defined in the Intercreditor Agreement), to the extent required to repay outstanding obligations under the ABL Credit Facility in accordance with the terms thereof and of the Intercreditor Agreement, or (z) proceeds received from the sale of accounts receivable to Receivables SPV pursuant to and in accordance with the Receivables Securitization Documents or from Asset Sales permitted under clause (i), (iii), (v), (viii) or (ix) of Section 6.05(b) . So long as no Default or Event of Default is then continuing, the US Borrower, by written notice delivered on or before the fifth Business Day following receipt by a Loan Party or any Restricted Subsidiary of Net Cash Proceeds in respect of any Asset Sale, may elect (each, a “ Reinvestment Election ”) to reinvest such Net Cash Proceeds (such amount, “ Reinvestment Net Cash Proceeds ”) in accordance with the terms of this Section 2.13(b):

(i) The US Borrower may make a Reinvestment Election to reinvest the Reinvestment Net Cash Proceeds in assets of a kind then used or usable in the business of the Borrowers and their Restricted Subsidiaries so long as each and every of the following is satisfied: (x) the Net Cash Proceeds from any Asset Sale of Collateral are reinvested in Collateral within 365 days of receipt of such Net Cash Proceeds; and (y) at the time of the notice of the Reinvestment Election with respect to Net Cash Proceeds in excess of US$10,000,000, a Financial Officer of the applicable Borrower certifies to the Administrative Agent, by delivery of a certificate that no Default or Event of Default shall have occurred and be continuing at the time of receipt of the Net Cash Proceeds or of such certificate, and (z) at the time of any proposed reinvestment with respect to Net Cash Proceeds in excess of US$10,000,000, a Financial Officer of the applicable Borrower certifies that no Default or Event of Default shall have occurred and be continuing at the time of the proposed reinvestment.

(ii) [Reserved].

(c) No later than the third Business Day following the Closing Date, the Borrowers shall prepay the Obligations, including the Term Loans, all interest accrued thereon and all fees then due and payable, in cash, in full, unless the Acquisition Consummation Condition has been fully satisfied.

(d) No later than 120 days after the end of each fiscal year of Holdings, commencing with the fiscal year ending on December 31, 2013, the Borrowers shall prepay outstanding Term Loans in accordance with Section 2.13(g) in an aggregate principal amount equal to (A) (x) if the Secured Leverage Ratio calculated as of the last day of such fiscal year is greater than 2:50:1:00, in an amount equal to 50% of Excess Cash Flow for the fiscal year then most recently ended, (y) if the Secured Leverage Ratio calculated as of the last day of such fiscal year is equal to or less than 2:50:1:00 but greater than 2.00:1:00, in an amount equal to 25% of Excess Cash Flow for the fiscal year then most recently ended, or (z) if the Secured Leverage Ratio calculated as of the last day of such fiscal year is equal to or less than 2.00:1:00, in an

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amount equal to zero, minus (B) voluntary prepayments of Term Loans under Section 2.12 during such fiscal year but only to the extent that such prepayments do not occur in connection with a refinancing of all or any portion of such Indebtedness with new Indebtedness.

(e) In the event that any Loan Party or any subsidiary of a Loan Party shall receive Net Cash Proceeds from the issuance or incurrence of Indebtedness for money borrowed of any Loan Party or any subsidiary of a Loan Party (other than Indebtedness permitted pursuant to Section 6.01 ), the Borrowers shall, promptly upon (and in any event not later than the third Business Day next following) the receipt of such Net Cash Proceeds by such Loan Party or such subsidiary, apply an amount equal to 100% of such Net Cash Proceeds to prepay outstanding Term Loans in accordance with Section 2.13(g) .

(f) [Reserved].

(g) Mandatory prepayments of outstanding Term Loans under this Agreement shall be allocated pro rata among Tranche B-1 Loans and Tranche B-2 Loans and the Other Term Loans, if any, and applied pro rata against the remaining scheduled installments of principal due in respect of the Tranche B-1 Loans and Tranche B-2 Loans and the Other Term Loans, if any, under Sections 2.11(a)(i) , (ii)  and (iii) ; provided that, notwithstanding the foregoing, any application of proceeds from such prepayments relating solely to Collateral securing the Canadian Obligations shall be made solely in respect of the Tranche B-2 Loans.

(h) Each of the Borrowers shall deliver to the Administrative Agent, at the time of each prepayment required under this Section 2.13 , (i) a certificate signed by a Financial Officer of the Borrowers setting forth in reasonable detail the calculation of the amount of such prepayment and (ii) to the extent practicable, at least three days prior written notice of such prepayment or of the reallocation or retention of Net Cash Proceeds by a Foreign Subsidiary pursuant to Section 2.13(i) below, stating, in reasonable detail, the reasons for such reallocation or retention. Each notice of prepayment shall specify the prepayment date, the Type of each Term Loan being prepaid and the principal amount of each Term Loan (or portion thereof) to be prepaid. All prepayments of Borrowings under this Section 2.13 shall be subject to Section 2.16 , but shall otherwise be without premium or penalty, and shall (to the extent applicable) be accompanied by accrued and unpaid interest on the principal amount to be prepaid to but excluding the date of payment.

(i) Notwithstanding any other provisions of this Section 2.13 ,

(i) to the extent that any or all of the Net Cash Proceeds of any Asset Sale received by a Foreign Subsidiary (each such receipt a “ Foreign Prepayment Proceeds Receipt ”) are prohibited or delayed by applicable local law or applicable organizational documents of such Foreign Subsidiary from being repatriated to either the US Borrower to repay the Term Loans made to the US Borrower or the Canadian Borrower to repay Term Loans made to the Canadian Borrower pursuant to Section   2.13(b) or (e) , as applicable, the portion of such Net Cash Proceeds so affected will not be required to be applied to repay such Term Loans made to the US Borrower or Term Loans made to the Canadian Borrower, as the case may be (such Tranche, the “ Affected Tranche ”), at the times provided

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in Section 2.13(b) , but shall instead be applied to the repayment of the outstanding principal balance of the other Tranche (the “ Unaffected Tranche ”), and if such Unaffected Tranche has been repaid in full, of if both the Term Loans made to the US Borrower and the Term Loans made to the Canadian Borrower are Affected Tranches, then any remaining Net Cash Proceeds may be retained by the applicable Foreign Subsidiary so long, but only so long, as the applicable local law will not permit repatriation to the US Borrower or the Canadian Borrower (the Borrowers hereby agreeing to use all commercially reasonable efforts to overcome or eliminate any such restrictions on repatriation and/or minimize any such costs of prepayment and/or use the other cash and cash equivalents of Holdings and its Subsidiaries to make the relevant prepayment), and if such repatriation of any of such affected Net Cash Proceeds becomes permitted under the applicable local law, such repatriation will be immediately effected and such repatriated Net Cash Proceeds will be promptly (and in any event not later than two Business Days after such repatriation) applied (net of additional taxes payable or reserved against as a result thereof and additional costs relating to such repatriation) to the repayment of such applicable Term Loans pursuant to this Section 2.13(i) , or

(ii) to the extent that the applicable Borrower has determined in good faith that repatriation to the US Borrower to repay the Tranche B-1 Loans or to the Canadian Borrower to repay the Tranche B-2 Loans pursuant to Section 2.13 , as applicable, of any of or all the Net Cash Proceeds of any disposition by a Foreign Subsidiary or the Net Cash Proceeds of any Foreign Prepayment Proceeds Receipt would have material adverse tax consequences (including any reduction in tax attributes) with respect to such Net Cash Proceeds, such Net Cash Proceeds so affected will not be required to be applied to repay such Term Loans made to the US Borrower or the Term Loans made to the Canadian Borrower, as applicable (such Tranche, the “ Tax Affected Tranche ”), at the times provided in Section 2.13(b) , but shall instead be applied to the repayment of the outstanding principal balance of the other Tranche of Loans (the “ Tax Neutral Tranche ”) subject to Section 2.13(g) , provided that if such Tax Neutral Tranche has been repaid in full or if both the Term Loans made to the US Borrower and the Term Loans made to the Canadian Borrower are Tax Affected Tranches, then any remaining Net Cash Proceeds may be retained by the applicable Foreign Subsidiary so long, but only so long, as the applicable adverse tax consequences with respect to such Net Cash Proceeds remain (the Borrowers hereby agreeing to use all commercially reasonable efforts to overcome or eliminate any adverse tax consequences and/or use the other cash and cash equivalents of Holdings and its Subsidiaries to make the relevant prepayment), and if such repatriation of any of such affected Net Cash Proceeds would no longer have adverse tax consequences, such repatriation will be immediately effected and such repatriated Net Cash Proceeds will be promptly (and in any event not later than two Business Days after such repatriation) applied (net of (A) the amount of any other cash and cash equivalents of Holdings and its Subsidiaries otherwise used to make the relevant prepayment, (B) additional taxes payable or reserved against as a result of such repatriation and (C) additional costs

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relating to such repatriation) to the repayment of such Term Loans pursuant to this Section 2.13 .

Section 2.14 Reserve Requirements; Change in Circumstances . (a) Notwithstanding any other provision of this Agreement, if any Change in Law shall impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any such reserve requirement which is reflected in the Adjusted LIBO Rate) or shall impose on such Lender or the London interbank market any other condition, cost or expense (other than Indemnified Taxes and Excluded Taxes, but including any bank tax or special assessment based on the activities, assets, leverage or similar factors of a Lender Party) affecting this Agreement or Eurodollar Term Loans or CDOR Rate Term Loans made by such Lender or participation therein, and the result of any of the foregoing shall be to increase the cost to such Lender of making, converting to, continuing or maintaining any Eurodollar Term Loan or of maintaining its obligation to make any such Eurodollar Term Loan or CDOR Rate Term Loan or increase the cost to any Lender of purchasing or maintaining a participation therein or to reduce the amount of any sum received or receivable by such Lender (whether of principal, interest or otherwise) by an amount deemed by such Lender to be material, then the Borrowers obligated on such Term Loan will pay to such Lender, upon demand such additional amount or amounts as will compensate such Lender for such additional costs incurred or reduction suffered.

(b) If any Lender shall have determined that any Change in Law affecting such Lender or any lending office of such Lender or such Lender’s holding company, if any, regarding capital adequacy or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s capital or on the capital of such Lender’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Term Loans made to a level below that which such Lender or such Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy) by an amount deemed by such Lender to be material, then from time to time the Borrowers obligated on such Term Loan or the beneficiary of such Commitment shall pay to such Lender such additional amount or amounts as will compensate such Lender holding company for any such reduction suffered.

(c) A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender or its holding company, as applicable, as specified in paragraph (a) or (b) above shall be delivered to the applicable Borrower and shall be conclusive absent manifest error. The applicable Borrower shall pay such Lender the amount shown as due on any such certificate delivered by it within 10 days after its receipt of the same.

(d) Failure or delay on the part of any Lender to demand compensation for any increased costs or reduction in amounts received or receivable or reduction in return on capital shall not constitute a waiver of such Lender’s or right to demand such compensation; provided that the Borrowers shall not be under any obligation to compensate any Lender under paragraph (a) or (b) above with respect to increased costs or reductions with respect to any period prior to the date that is 120 days prior to such request if such Lender knew or could

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reasonably have been expected to know of the circumstances giving rise to such increased costs or reductions and of the fact that such circumstances would result in a claim for increased compensation by reason of such increased costs or reductions; provided further that the foregoing limitation shall not apply to any increased costs or reductions arising out of the retroactive application of any Change in Law within such 120-day period. The protection of this Section shall be available to each Lender regardless of any possible contention of the invalidity or inapplicability of the Change in Law that shall have occurred or been imposed.

Section 2.15 Change in Legality . (a) Notwithstanding any other provision of this Agreement, if any Change in Law shall make it unlawful for any Lender to make or maintain any Eurodollar Term Loan or to give effect to its obligations as contemplated hereby with respect to any Eurodollar Term Loan, then, by written notice to the US Borrower and to the Administrative Agent:

(i) such Lender may declare that Eurodollar Term Loans will not thereafter (for the duration of such unlawfulness) be made by such Lender hereunder (or be continued for additional Interest Periods) and ABR Term Loans will not thereafter (for such duration) be converted into Eurodollar Term Loans, whereupon any request for a Eurodollar Borrowing (or to convert an ABR Borrowing to a Eurodollar Borrowing or to continue a Eurodollar Borrowing for an additional Interest Period) shall, as to such Lender only, be deemed a request for an ABR Term Loan (or a request to continue an ABR Term Loan as such for an additional Interest Period or to convert a Eurodollar Term Loan into an ABR Term Loan, as the case may be), unless such declaration shall be subsequently withdrawn; and

(ii) such Lender may require that all outstanding Eurodollar Term Loans made by it be converted to ABR Term Loans, in which event all such Eurodollar Term Loans shall be automatically converted to ABR Term Loans as of the effective date of such notice as provided in paragraph (b) below.

In the event any Lender shall exercise its rights under (i) or (ii) above, all payments and prepayments of principal that would otherwise have been applied to repay the Eurodollar Term Loans that would have been made by such Lender or the converted Eurodollar Term Loans of such Lender shall instead be applied to repay the ABR Term Loans made by such Lender in lieu of, or resulting from the conversion of, such Eurodollar Term Loans.

(b) Notwithstanding any other provision of this Agreement, if any Change in Law shall make it unlawful for any Lender to make or maintain any CDOR Rate Term Loan or to give effect to its obligations as contemplated hereby with respect to any CDOR Rate Term Loan, then, by written notice to the Canadian Borrower and to the Administrative Agent:

(i) such Lender may declare that CDOR Rate Term Loans will not thereafter (for the duration of such unlawfulness) be made by such Lender hereunder (or be continued for additional Interest Periods) and Canadian Prime Rate Term Loans will not thereafter (for such duration) be converted into

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CDOR Rate Term Loans, whereupon any request for a CDOR Rate Borrowing (or to convert a Canadian Prime Rate Borrowing to a CDOR Rate Borrowing or to continue a CDOR Rate Borrowing for an additional Interest Period) shall, as to such Lender only, be deemed a request for a Canadian Prime Rate Term Loan (or a request to continue a Canadian Prime Rate Term Loan as such or to convert a CDOR Rate Term Loan into a Canadian Prime Rate Term Loan, as the case may be), unless such declaration shall be subsequently withdrawn; and

(ii) such Lender may require that all outstanding CDOR Rate Term Loans made by it be converted to Canadian Prime Rate Term Loans, in which event all such CDOR Rate Term Loans shall be automatically converted to Canadian Prime Rate Term Loans as of the effective date of such notice as provided in paragraph (c) below.

(c) In the event any Lender shall exercise its rights under (i) or (ii) above, all payments and prepayments of principal that would otherwise have been applied to repay the CDOR Rate Term Loans that would have been made by such Lender or the converted CDOR Rate Term Loans of such Lender shall instead be applied to repay the Canadian Prime Rate Term Loans made by such Lender in lieu of, or resulting from the conversion of, such CDOR Rate Term Loans.

(d) For purposes of this Section 2.15 , a notice to a Borrower by any Lender shall be effective as to each Eurodollar Term Loan and CDOR Rate Term Loan made by such Lender to such Borrower, if lawful, on the last day of the Interest Period then applicable to such Eurodollar Term Loan and CDOR Rate Term Loan; in all other cases such notice shall be effective on the date of receipt by the US Borrower.

Section 2.16 Breakage . Each of the Borrowers, as applicable, shall indemnify each Lender against any loss or expense that such Lender may sustain or incur as a consequence of (a) any event, other than a default by such Lender in the performance of its obligations hereunder, which results in (i) such Lender receiving or being deemed to receive any amount on account of the principal of any Eurodollar Term Loan (in the case of the US Borrower) or CDOR Rate Term Loan (in the case of the Canadian Borrower) prior to the end of the Interest Period in effect therefor, (ii) the conversion of any Eurodollar Term Loan to an ABR Term Loan, or the conversion of the Interest Period with respect to any Eurodollar Term Loan (in the case of the US Borrower) or CDOR Rate Term Loan (in the case of the Canadian Borrower), in each case other than on the last day of the Interest Period in effect therefor, or (iii) any Eurodollar Term Loan to be made by such Lender to the US Borrower (including any Eurodollar Term Loan to be made pursuant to a conversion or continuation under Section 2.10 ) not being made after notice of such Term Loan shall have been given by the US Borrower hereunder or any CDOR Rate Term Loan to be made by such Lender to the Canadian Borrower (including any CDOR Rate Term Loan to be made pursuant to a conversion or continuation under Section 2.10 ) not being made after notice of such Term Loan shall have been given by the Canadian Borrower, (any of the events referred to in this clause (a) being called a “ Breakage Event ”) or (b) any default in the making of any payment or prepayment required to be made hereunder. In the case of any Breakage Event, such loss shall include an amount equal to the excess, as reasonably determined by such Lender, of (i) its cost of obtaining funds for the Eurodollar Term Loan or CDOR Rate

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Term Loan that is the subject of such Breakage Event for the period from the date of such Breakage Event to the last day of the Interest Period in effect (or that would have been in effect) for such Term Loan over (ii) the amount of interest likely to be realized by such Lender in redeploying the funds released or not utilized by reason of such Breakage Event for such period. A certificate of any Lender setting forth any amount or amounts which such Lender is entitled to receive pursuant to this Section 2.16 shall be delivered to the US Borrower and shall be conclusive absent manifest error. Notwithstanding the foregoing, so long as the Adjusted LIBO Rate of such Eurodollar Term Loan, or the CDOR Rate of such CDOR Rate Term Loan, is equal to the rate set forth in clause (a) of the definition of Adjusted LIBO Rate, or the rate set forth in clause (i) of the definition of CDOR Rate, as applicable, the Borrowers shall not be liable for any amount under this Section 2.16 .

Section 2.17 Pro Rata Treatment . Except as otherwise expressly provided pursuant to this Agreement (including Section 2.13(i) and Section 2.15 ), each payment or prepayment of principal of any Borrowing, each payment of interest on the Term Loans, each reduction of the Term Loan Commitments and each conversion of any Borrowing to or continuation of any Borrowing as a Borrowing of any Type shall be allocated pro rata among the Lenders in accordance with their respective applicable Term Loan Commitments (or, if such Term Loan Commitments shall have expired or been terminated, in accordance with the respective principal amounts of their outstanding Term Loans); it being acknowledged that this Section 2.17 shall not apply to any payment obtained by any Lender as consideration for the assignment or participation in any Term Loan to any assignee or participant in accordance with this Agreement). Each Lender agrees that in computing such Lender’s portion of any Borrowing to be made hereunder, the Administrative Agent may, in its discretion, round each Lender’s percentage of such Borrowing to the next higher or lower whole Dollar or Canadian Dollar, as applicable, amount. Notwithstanding the foregoing, any such application of proceeds from the Collateral securing solely the Canadian Obligations shall be made solely in respect of the Obligations of the Canadian Loan Parties.

Section 2.18 Sharing of Setoffs . (a) Each Lender agrees that if it shall, through the exercise of a right of banker’s lien, setoff or counterclaim against the US Borrower or any other US Loan Party, or pursuant to a secured claim under Section 506 of Title 11 of the United States Code or other security or interest arising from, or in lieu of, such secured claim, received by such Lender under any applicable bankruptcy, insolvency or other similar law or otherwise, or by any other means, obtain payment (voluntary or involuntary) in respect of any Term Loan made to the US Borrower as a result of which the unpaid principal portion of its Term Loans made to the US Borrower shall be proportionately less than the unpaid principal portion of the Term Loans made to the US Borrower of any other Lender, it shall be deemed simultaneously to have purchased from such other Lender at face value, and shall promptly pay to such other Lender the purchase price for, a participation in the Terms Loan made to the US Borrower of such other Lender, so that the aggregate unpaid principal amount of the Term Loans made to the US Borrower and participations in Term Loans made to the US Borrower held by each Lender shall be in the same proportion to the aggregate unpaid principal amount of all Term Loans made to the US Borrower then outstanding as the principal amount of its Term Loans made to the US Borrower prior to such exercise of banker’s lien, setoff or counterclaim or other event was to the principal amount of all Term Loans made to the US Borrower outstanding prior to such exercise of banker’s lien, setoff or counterclaim or other event; provided , however , that (i) if any such

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purchase or purchases or adjustments shall be made pursuant to this Section 2.18 and the payment giving rise thereto shall thereafter be recovered, such purchase or purchases or adjustments shall be rescinded to the extent of such recovery and the purchase price or prices or adjustment restored without interest, and (ii) the provisions of this Section 2.18 shall not be construed to apply to any payment made by the US Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Term Loans made to the US Borrower to any assignee or participant, other than to Holdings or any of its Affiliates (as to which the provisions of this Section 2.18 shall apply). The US Borrower and Holdings expressly consent to the foregoing arrangements and agree that any Lender holding a participation in a Term Loans made to the US Borrower deemed to have been so purchased may exercise any and all rights of banker’s lien, setoff or counterclaim with respect to any and all moneys owing by the US Borrower and Holdings to such Lender by reason thereof as fully as if such Lender had made a Term Loan directly to the US Borrower in the amount of such participation.

(b) Each Lender agrees that if it shall, through the exercise of a right of banker’s lien, setoff or counterclaim against the Canadian Borrower or any other Canadian Loan Party, or pursuant to a secured claim under Section 506 of Title 11 of the United States Code or other security or interest arising from, or in lieu of, such secured claim, received by such Lender under any applicable bankruptcy, insolvency or other similar law or otherwise, or by any other means, obtain payment (voluntary or involuntary) in respect of any Term Loan made to the Canadian Borrower as a result of which the unpaid principal portion of its Term Loans made to the Canadian Borrower shall be proportionately less than the unpaid principal portion of the Term Loans made to the Canadian Borrower of any other Lender, it shall be deemed simultaneously to have purchased from such other Lender at face value, and shall promptly pay to such other Lender the purchase price for, a participation in the Terms Loan made to the Canadian Borrower of such other Lender, so that the aggregate unpaid principal amount of the Term Loans made to the Canadian Borrower and participations in Term Loans made to the Canadian Borrower held by each Lender shall be in the same proportion to the aggregate unpaid principal amount of all Term Loans made to the Canadian Borrower then outstanding as the principal amount of its Term Loans made to the Canadian Borrower prior to such exercise of banker’s lien, setoff or counterclaim or other event was to the principal amount of all Term Loans made to the Canadian Borrower outstanding prior to such exercise of banker’s lien, setoff or counterclaim or other event; provided , however , that (i) if any such purchase or purchases or adjustments shall be made pursuant to this Section 2.18 and the payment giving rise thereto shall thereafter be recovered, such purchase or purchases or adjustments shall be rescinded to the extent of such recovery and the purchase price or prices or adjustment restored without interest, and (ii) the provisions of this Section 2.18 shall not be construed to apply to any payment made by the Canadian Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Term Loans made to the Canadian Borrower to any assignee or participant, other than to Holdings or any of its Affiliates (as to which the provisions of this Section 2.18 shall apply). The Canadian Borrower and Holdings expressly consent to the foregoing arrangements and agree that any Lender holding a participation in a Term Loans made to the Canadian Borrower deemed to have been so purchased may exercise any and all rights of banker’s lien, setoff or counterclaim with respect to any and all moneys owing by the Canadian

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Borrower and Holdings to such Lender by reason thereof as fully as if such Lender had made a Term Loan directly to the Canadian Borrower in the amount of such participation.

Section 2.19 Payments . (a) The Borrowers shall make each payment (including principal of or interest on any Borrowing or any Fees or other amounts) hereunder and under any other Loan Document not later than 12:00 (noon), New York City time, on the date when due in immediately available Dollars or Canadian Dollars, as applicable, without setoff, defense or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. Each such payment shall be made to the Administrative Agent at its offices at Eleven Madison Avenue, New York, NY 10010. The Administrative Agent shall promptly distribute to each Lender any payments received by the Administrative Agent on behalf of such Lender.

(b) Except as otherwise expressly provided herein, whenever any payment (including principal of or interest on any Borrowing or any Fees or other amounts) hereunder or under any other Loan Document shall become due, or otherwise would occur, on a day that is not a Business Day, such payment may be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of interest or Fees, if applicable.

Section 2.20 Taxes . (a) Any and all payments by or on account of any obligation of either Borrower or any other Loan Party hereunder or under any other Loan Document shall be made without deduction or withholding for any Indemnified Taxes or Other Taxes; provided that, if either Borrower or any other Loan Party shall be required by applicable law to deduct any Indemnified Taxes or Other Taxes from such payments, then (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the applicable Lender Party receives an amount equal to the sum it would have received had no such deductions been made, (ii) such Borrower or such Loan Party shall make such deductions and (iii) such Borrower or such Loan Party shall pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law. In addition, if the Administrative Agent determines, in its sole discretion exercised in good faith, that it is so required to withhold Taxes, then the Administrative Agent may so withhold and shall timely pay the full amount of withheld Taxes to the relevant Governmental Authority in accordance with applicable law.

(b) Each Borrower shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law, as applicable to such Borrower.

(c) Each Borrower shall indemnify the Lender Parties within 10 Business Days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes paid by a Lender Party on or with respect to any payment by or on account of any obligation of such Borrower or any other applicable Loan Party hereunder or under any other Loan Document (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental

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Authority. A certificate as to the amount of such payment or liability delivered to the applicable Borrower by a Lender Party (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender Party, shall be conclusive absent manifest error.

(d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes by either Borrower or any other Loan Party to a Governmental Authority, the applicable Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent.

(e) Any Lender Party that is entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction in which the applicable Borrower is located, or any treaty to which such jurisdiction is a party, with respect to payments to be made to it under this Agreement or under any other Loan Document shall deliver to such Borrower (with a copy to the Administrative Agent) and, if required, to any applicable Governmental Authority, such properly completed and executed documentation prescribed by applicable law or reasonably requested by such Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender Party, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender Party is subject to backup withholding or information reporting requirements. Without limiting the generality of the foregoing, each Lender Party entitled to payments with respect to any US Obligation that is not a US Person shall deliver to the US Borrower and the Administrative Agent on or prior to the date on which such Lender Party becomes a party to this Agreement (or, in the case of an SPV, on or prior to the date such SPV makes a Term Loan in accordance with Section 9.04(i)) (and from time to time thereafter upon the reasonable request of the US Borrower or the Administrative Agent and at the time or times prescribed by applicable law), whichever of the following is applicable:

(i) Two (2) duly completed, executed, original copies of IRS Form W-8BEN (or successor forms) establishing eligibility for benefits of an income tax treaty to which the United States is a party or an exemption provided by the Code,

(ii) Two (2) duly completed, executed, original copies of IRS Form W-8ECI (or successor forms), establishing that such Lender Party is not subject to deduction or withholding of United States federal income tax, or

(iii) in the case of such Lender Party claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) two (2) duly completed, executed, original copies of IRS Form W-8BEN (or successor forms), and (y) a certificate certifying that such Lender Party is not (A) a “bank” as such term is used in Section 881(c)(3)(A) of the Code, (B) a 10-percent shareholder (within the meaning of Section 871(h)(3)(B) of the Code) of the Borrower or of a guarantor and (C) a controlled foreign corporation related,

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directly or indirectly, to the Borrowers within the meaning of Section 864(d) of the Code.

In addition to the foregoing, an Administrative Agent that is not a US Person shall deliver to the US Borrower on or prior to the date on which the Administrative Agent becomes a party to this Agreement (and from time to time thereafter upon the reasonable request of the US Borrower and at the time or times prescribed by applicable law) two (2) duly completed, executed, original copies of IRS Form W-8IMY (or successor forms).

Each Lender Party that is a US Person shall deliver to the US Borrower and the Administrative Agent on or prior to the date on which such Lender Party becomes a party to this Agreement (and from time to time thereafter upon the reasonable request of the US Borrower or the Administrative Agent and at the time or times prescribed by applicable law), two (2) duly completed, executed, original copies of IRS Form W-9 (or successor forms) certifying that such Lender Party is not subject to backup withholding. or otherwise establish that such Lender Party is exempt from backup withholding; provided that nothing in this paragraph or in the rest of this Section 2.20(e) shall require any Lender Party to deliver any form or documentation that such Lender Party is not legally able to deliver (including as a result of a Change in Law).

(f) If a payment made to a Lender Party hereunder or under any other Loan Document would be subject to U.S. federal withholding tax imposed by FATCA if such Lender Party were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender Party shall deliver to the US Borrower and the Administrative Agent, at the time or times prescribed by law and at such time or times reasonably requested by the US Borrower or the Administrative Agent, such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the US Borrower or the Administrative Agent as may be necessary for the US Borrower to comply with its obligations under FATCA, to determine that such Lender has or has not complied with such Lender’s obligations under FATCA and, as necessary, to determine the amount to deduct and withhold from such payment. Solely for purposes of this paragraph (f), “FATCA” shall include any amendments made to FATCA after the date of this Agreement.

(g) If a Lender Party determines, in its good faith discretion, that it has received a refund or a credit of any Indemnified Taxes or Other Taxes as to which it has been indemnified by either Borrower or with respect to which either Borrower has paid additional amounts pursuant to this Section 2.20, it shall pay over such refund or credit to the applicable Borrower (but only to the extent of indemnity payments made, or additional amounts paid, by such Borrower under this Section 2.20 with respect to the Indemnified Taxes or Other Taxes giving rise to such refund or credit), net of all out of pocket expenses of such Lender Party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund or credit), provided that the applicable Borrower, upon the request of such Lender Party, agrees to repay the amount paid over to such Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to such Lender Party in the event the Administrative Agent or such Lender Party is required to repay such refund or credit to such Governmental Authority; provided that, notwithstanding anything to the contrary in this paragraph, in no event shall any Lender Party be required to pay any amount to an indemnified

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party pursuant to this paragraph or take any other action that would be, in the sole judgment of such Lender Party exercised in good faith, legally or commercially or otherwise disadvantageous to such Lender Party in any respect or to make available its tax returns (or any other information relating to its taxes that it deems confidential) to the Borrowers or any other Person.

Section 2.21 Assignment of Term Loan Commitments Under Certain Circumstances; Duty to Mitigate . (a) In the event (i) any Lender delivers a certificate requesting compensation pursuant to Section 2.14 , (ii) any Lender delivers a notice described in Section 2.15 , (iii) either Borrower is required to pay any additional amount to any Lender or any Governmental Authority on account of any Lender pursuant to Section 2.20 , or (iv) any Lender refuses to consent to any amendment, waiver or other modification of any Loan Document requested by the Borrowers that requires the consent of a greater percentage of the Lenders than the Required Lenders and such amendment, waiver or other modification is consented to by the Required Lenders, then, in each case, the applicable Borrower may, at its sole expense and effort (including with respect to the processing and recordation fee referred to in Section 9.04(b) ), upon notice to such Lender, as the case may be, and the Administrative Agent, require such Lender to transfer and assign, without recourse (in accordance with and subject to the restrictions contained in Section 9.04 ), all of its interests, rights and obligations under this Agreement (or, in the case of clause (iv) above, all of its interests, rights and obligations with respect to the Class of Term Loans or Term Loan Commitments that is the subject of the related consent, amendment, waiver or other modification) to an Eligible Assignee that shall assume such assigned obligations and, with respect to clause (iv) above, shall consent to such requested amendment, waiver or other modification of any Loan Documents (which assignee may be another Lender, if a Lender accepts such assignment; provided that (w) such assignment shall not conflict with any law, rule or regulation or order of any court or other Governmental Authority having jurisdiction, (x) such Borrower shall have received the prior written consent of the Administrative Agent, which consents shall not unreasonably be withheld or delayed, (y) the applicable Borrower or such assignee shall have paid to the affected Lender in immediately available funds an amount equal to the sum of the principal of and interest accrued to the date of such payment on the outstanding Term Loans of such Lender, respectively, plus all Fees and other amounts accrued for the account of such Lender hereunder with respect thereto (including any amounts under Sections 2.14 and 2.16 ) and (z) if such assignment is in connection with a Lender that refuses to consent to an amendment, waiver or other modification with respect to a Repricing Event, the applicable Borrower shall pay to such Lender the premium or fee (if any) set forth in Section 2.25 on or prior to the date of the consummation of such assignment); provided further that, if prior to any such transfer and assignment the circumstances or event that resulted in such Lender’s claim for compensation under Section 2.14 , notice under Section 2.15 or the amounts paid pursuant to Section 2.20 , as the case may be, cease to cause such Lender to suffer increased costs or reductions in amounts received or receivable or reduction in return on capital, or cease to have the consequences specified in Section 2.15 , or cease to result in amounts being payable under Section 2.20 , as the case may be (including as a result of any action taken by such Lender pursuant to paragraph (b) below), or if such Lender shall waive its right to claim further compensation under Section 2.14 in respect of such circumstances or event or shall withdraw its notice under Section 2.15 or shall waive its right to further payments under Section 2.20 in respect of such circumstances or event or shall consent to the proposed amendment, waiver, consent or other modification, as the case may be, then such Lender shall not thereafter be required to make any such transfer and assignment hereunder. Each Lender agrees that, if

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necessary to effectuate any assignment of such Lender’s interests hereunder in the circumstances contemplated by this Section 2.21(a), it shall promptly execute and deliver to the Administrative Agent an Assignment and Acceptance to evidence the assignment and shall deliver to the Administrative Agent any promissory note (if promissory notes have been issued in respect of such Lender’s Term Loans) subject to such Assignment and Acceptance; provided that the failure of any such Lender to execute an Assignment and Acceptance shall not render such assignment invalid and such assignment shall be recorded in the Register.

(b) If (i) any Lender shall request compensation under Section 2.14 , (ii) any Lender delivers a notice described in Section 2.15 or (iii) a Borrower is required to pay any additional amount to any Lender or any Governmental Authority on account of any Lender, pursuant to Section 2.20 , then such Lender shall use reasonable efforts (which shall not require such Lender to incur an unreimbursed loss or unreimbursed cost or expense or otherwise take any action inconsistent with its internal policies or legal or regulatory restrictions or suffer any disadvantage or burden deemed by it to be significant) (x) to file any certificate or document reasonably requested in writing by the applicable Borrower or (y) to assign its rights and delegate and transfer its obligations hereunder to another of its offices, branches or affiliates, if such filing or assignment would reduce its claims for compensation under Section 2.14 or enable it to withdraw its notice pursuant to Section 2.15 or would reduce amounts payable pursuant to Section 2.20 , as the case may be, in the future. Each of the Borrowers hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such filing or assignment, delegation and transfer.

Section 2.22 [ Reserved ].

Section 2.23 [ Reserved ].

Section 2.24 Incremental Term Loans .

(a) Either Borrower may, by written notice to the Administrative Agent from time to time, request Incremental Term Loan Commitments in an amount not to exceed the Incremental Term Loan Amount from one or more Incremental Term Lenders, all of which must be Eligible Assignees. Such notice shall set forth (i) the amount of the Incremental Term Loan Commitments being requested (which shall be in minimum increments of US$1,000,000 or C$1,000,000, as applicable, and a minimum amount of US$5,000,000 or C$5,000,000, as applicable, or such lesser amount equal to the remaining Incremental Term Loan Amount), (ii) the date on which such Incremental Term Loan Commitments are requested to become effective (which shall not be less than 10 Business Days nor more than 60 days after the date of such notice or as otherwise agreed to by the Administrative Agent), and (iii) whether such Incremental Term Loan Commitments are commitments to make additional Term Loans or commitments to make term loans with terms different from the Term Loans as permitted under this Section 2.24 (“ Other Term Loans ”).

(b) Either Borrower may seek Incremental Term Loan Commitments from existing Lenders (each of which shall be entitled to agree or decline to participate in its sole discretion) and, subject to the Administrative Agent’s consent (not to be unreasonably withheld or delayed) additional banks, financial institutions and other institutional lenders who will

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become Incremental Term Lenders in connection therewith. The applicable Borrower and each Incremental Term Lender shall execute and deliver to the Administrative Agent an Incremental Term Loan Assumption Agreement and such other documentation as the Administrative Agent shall reasonably specify to evidence the Incremental Term Loan Commitment of each Incremental Term Lender. The terms and provisions of the Incremental Term Loans shall be identical to those of the Term Loans except as otherwise set forth herein or in the Incremental Term Loan Assumption Agreement. Without the prior written consent of the Required Lenders, (i) the final maturity date of any Other Term Loans shall be no earlier than the Term Loan Maturity Date, (ii) the average life to maturity of the Other Term Loans shall be no shorter than the average life to maturity of the Tranche B-1 Loans or the Tranche B-2 Loans, as applicable, (iii) no Default or Event of Default exists or would exist after giving effect thereto, and (iv) if the initial yield on such Other Term Loans (as determined by the Administrative Agent, taking into account the applicable margin, upfront fees, any original issue discount and any LIBO Rate or ABR floor or CDOR Rate or Canadian Prime Rate floor (but excluding any bona fide arrangement, underwriting, structuring or similar fees not generally shared among the applicable Lenders), computed as the sum of (x) the margin above the Adjusted LIBO Rate (in the case of Other Term Loans to be made to the US Borrower) or the CDOR Rate (in the case of Other Term Loans to be made to the Canadian Borrower) and (y) if such Other Term Loans are initially made at a discount or the Lenders making the same receive an upfront fee (other than a customary arrangement or underwriting fee) directly or indirectly from Holdings, the applicable Borrower or any Restricted Subsidiary for doing so (the amount of such discount or upfront fee, expressed as a percentage of the Other Term Loans, being referred to herein as “ Other Term Loan OID ”), the amount of such Other Term Loan OID divided by the lesser of (A) the average life to maturity of such Other Term Loans and (B) four) exceeds the Applicable Margin on Tranche B-1 Loans or on Tranche B-2 Loans, as applicable, as then in effect for Eurodollar Term Loans or CDOR Rate Term Loans, respectively, by more than 50 basis points (the amount of such excess above 50 basis points being referred to herein as the “ Yield Differentia l”), then the Applicable Margin then in effect for all such existing Term Loans shall, subject to Sections 2.06(f) and (g), automatically be increased by the Yield Differential, effective upon the making of the Other Term Loans. The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Incremental Term Loan Assumption Agreement. Each of the parties hereto hereby agrees that, upon the effectiveness of any Incremental Term Loan Assumption Agreement, this Agreement shall be deemed amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Incremental Term Loan Commitment and the Incremental Term Loans evidenced thereby, and the Administrative Agent and the Borrowers may revise this Agreement to evidence such amendments.

(c) Notwithstanding the foregoing, no Incremental Term Loan Commitment shall become effective under this Section 2.24 unless (i) on a pro forma basis after giving effect to the incurrence of any such Incremental Term Loans (and after giving effect to any acquisition consummated concurrently therewith and all other appropriate pro forma adjustment events and calculated as if any additional Incremental Term Loans were fully drawn on the effective date thereof), the Secured Leverage Ratio is equal to or less than 3.00:1.00, (ii) on the date of such effectiveness, the conditions set forth in paragraphs (b) and (c) of Section 4.01 shall be satisfied and the Administrative Agent shall have received a certificate to that effect dated such date and setting forth the calculation of the Secured Leverage Ratio in reasonable detail, executed by a Financial Officer of the applicable Borrower, (iii) except as otherwise

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specified in the applicable Incremental Term Loan Assumption Agreement, the Administrative Agent shall have received (with sufficient copies for each of the Incremental Term Lenders) legal opinions, board resolutions and other closing certificates reasonably requested by the Administrative Agent and consistent with those delivered on the Closing Date under Section 4.02 , and (iv) all fees and expenses owing in respect of such increase to the Administrative Agent and the Lenders shall have been paid.

(d) Each of the parties hereto hereby agrees that the Administrative Agent may, in consultation with the Borrowers, take any and all action as may be reasonably necessary to ensure that all Incremental Term Loans (other than Other Term Loans), when originally made, are included in each Borrowing of outstanding Term Loans on a pro rata basis. This may be accomplished by requiring each outstanding Eurodollar Tranche B-1 Borrowing or CDOR Rate Tranche B-2 Borrowing to be converted into an ABR Borrowing or Canadian Prime Rate Borrowing, as applicable, on the date of each Incremental Term Loan, or by allocating a portion of each Incremental Term Loan to each outstanding Eurodollar Tranche B-1 Borrowing or CDOR Rate Tranche B-2 Borrowing, as applicable, on a pro rata basis. Any conversion of Eurodollar Term Loans to ABR Term Loans or of CDOR Rate Term Loans to Canadian Prime Rate Term Loans as required by the preceding sentence shall be subject to Section 2.16 . If any Incremental Term Loan is to be allocated to an existing Interest Period for a Eurodollar Tranche B-1 Borrowing or a CDOR Rate Tranche B-2 Borrowing, then the interest rate thereon for such Interest Period and the other economic consequences thereof shall be as set forth in the applicable Incremental Term Loan Assumption Agreement. In addition, to the extent any Incremental Term Loans are not Other Term Loans, the scheduled amortization payments under Section 2.11(a)(i) required to be made after the making of such Incremental Term Loans shall be ratably increased by the aggregate principal amount of such Incremental Term Loans and shall be further increased for all Lenders on a pro rata basis to the extent necessary to avoid any reduction in the amortization payments to which the Term Lenders were entitled before such recalculation.

Section 2.25 Repricing Events . Notwithstanding any provision to the contrary herein, but subject to Sections 2.06(f) and (g), at the time of the effectiveness of any Repricing Event that is consummated on or prior to the first anniversary of the Closing Date, the Borrowers shall pay to the Administrative Agent, for the ratable account of each Lender (other than, for the avoidance of doubt, any new Lender that, pursuant to Section 2.21(a), is replacing a Lender that is refusing to consent to an amendment, waiver or other modification with respect to a Repricing Event) with Term Loans that are prepaid, repaid or subject to a pricing reduction, as applicable, in connection with such Repricing Event (including each Lender that refuses to consent to an amendment, waiver or other modification with respect to a Repricing Event and is replaced as a Lender under Section 2.21), a fee in an amount equal to 1.00% of the aggregate principal amount of all Term Loans prepaid in connection with such Repricing Event.

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ARTICLE III

Representations and Warranties

Each of Holdings and each Borrower represents and warrants to the Administrative Agent, the Collateral Agent and each of the Lenders that (it being understood and agreed that with respect to the making of the following representations and warranties prior to the Acquisition Joinder Date, each Company Related Loan Party shall be deemed to be a Restricted Subsidiary as if the Acquisition Transfer Date had occurred):

Section 3.01 Organization; Powers . Holdings, each of the Borrowers and each of the Restricted Subsidiaries (a) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (b) has all requisite power and authority to own its property and assets and to carry on its business as now conducted, (c) is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required, except where the failure so to qualify could not reasonably be expected to result in a Material Adverse Effect, and (d) has the power and authority to execute, deliver and perform its obligations under each of the Loan Documents and each other agreement or instrument contemplated thereby to which it is or will be a party and, in the case of the Borrowers, to borrow hereunder.

Section 3.02 Authorization . The Transactions (a) have been duly authorized by all requisite corporate, limited liability company, partnership, and, if required, stockholder or member action and (b) will not (i) violate (A) any provision of law, statute, rule or regulation, or of the certificate or articles of incorporation or other constitutive documents or by-laws of Holdings, each of the Borrowers or any Restricted Subsidiary, (B) any order of any Governmental Authority or (C) any provision of any indenture, material agreement or other material instrument to which Holdings, either Borrower or any Restricted Subsidiary is a party or by which any of them or any of their property is or may be bound, (ii) be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under, or give rise to any right to accelerate or to require the prepayment, repurchase or redemption of any obligation under any Material Indebtedness or (iii) result in the creation or imposition of any Lien upon or with respect to any property or assets now owned or hereafter acquired by Holdings, either Borrower or any Restricted Subsidiary (other than any Lien created hereunder or under the Security Documents or under the ABL Credit Facility or the Securitization Facility).

Section 3.03 Enforceability . This Agreement has been duly executed and delivered by Holdings and the Borrowers and constitutes, and each other Loan Document when executed and delivered by the each Loan Party party thereto will constitute, a legal, valid and binding obligation of such Loan Party enforceable against such Loan Party in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Section 3.04 Governmental Approvals . No action, consent or approval of, registration or filing with or any other action by any Governmental Authority is or will be required in connection with the Transactions, except for (a) the filing of Uniform Commercial Code and Personal Property Security Act financing statements and filings with the United States

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Patent and Trademark Office and the United States Copyright Office and the Canadian Intellectual Property Office and any other filings necessary to perfect Liens created by the Loan Documents, (b) recordation of the Mortgages and (c) such as have been made or obtained and are in full force and effect.

Section 3.05 Financial Statements . (a) Holdings has heretofore furnished to the Lenders its consolidated balance sheets and related statements of income, stockholder’s equity and cash flows (i) as of and for the fiscal year ended December 31, 2011, reported on by PricewaterhouseCoopers LLP, independent public accountants, and (ii) as of and for the fiscal quarter and the portion of the fiscal year ended September 30, 2012, certified by its chief financial officer. Such financial statements present fairly, in all material respects, the financial condition and results of operations and cash flows of Holdings and its consolidated Subsidiaries as of such dates and for such periods. Such balance sheets and the notes thereto disclose all material liabilities, direct or contingent, of the Credit Parties as of the dates thereof. Such financial statements were prepared in accordance with GAAP applied on a consistent basis, subject, in the case of unaudited financial statements, to year-end audit adjustments and the absence of footnotes.

(b) Holdings has heretofore delivered to the Lenders (i) unaudited consolidated balance sheets and statements of income of the Company (on a consolidated basis prepared in accordance with the Canadian Accounting Standards Board Accounting Standards for Private Enterprises), with reconciliation to GAAP, prepared by the Company for the fiscal quarter ended July 31, 2012; and (ii) a pro forma balance sheet and related pro forma statements of income of Holdings as of and for the six-month period ending June 30, 2012 (utilizing amounts from the information provided pursuant to the preceding clause (i)), prepared after giving effect to the Acquisition as if the Acquisition had occurred as of such date (in the case of such balance sheet) or at the beginning of such period (in the case of such other financial statements). Such pro forma financial statements have been prepared in good faith by Holdings, based on the assumptions used to prepare the pro forma financial information contained in the Confidential Information Memorandum (which assumptions are believed by Holdings and the Borrowers on the date hereof and on the Closing Date to be reasonable), are based on the best information available to Holdings and to the Borrowers as of the date of delivery thereof, accurately reflect all adjustments required to be made to give effect to the Acquisition and present fairly, in all material respects, on a pro forma basis the estimated consolidated financial position of Holdings and its consolidated Subsidiaries as of such date and for such period, assuming that the Acquisition had actually occurred at such date or at the beginning of such period, as the case may be.

Section 3.06 No Material Adverse Change . No event, change or condition has occurred that has had, or could reasonably be expected to have, a Material Adverse Effect, since December 31, 2011.

Section 3.07 Title to Properties; Possession Under Leases . (a) Each of Holdings, the Borrowers and the Restricted Subsidiaries has good and marketable title to, or valid leasehold interests in, all its material properties and assets (including all Mortgaged Property), except where the failure to have such title or interest could not reasonably be expected

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to have a Material Adverse Effect. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.02 .

(b) Each of Holdings, the Borrowers and the Restricted Subsidiaries has complied with all obligations under all leases to which it is a party, except where the failure to comply could not reasonably be expected to have a Material Adverse Effect, and all such leases are in full force and effect, except leases in respect of which the failure to be in full force and effect could not reasonably be expected to have a Material Adverse Effect. Each of Holdings, the Borrowers and each Restricted Subsidiary enjoys peaceful and undisturbed possession under all such leases, other than leases in respect of which the failure to enjoy peaceful and undisturbed possession could not reasonably be expected to have a Material Adverse Effect.

(c) As of the Closing Date, none of Holdings, the US Borrower or the Canadian Borrower has received any notice of, nor has any knowledge of, any pending or contemplated condemnation proceeding affecting any real property with a fair market value in excess of US$1,000,000 or any sale or disposition thereof in lieu of condemnation.

(d) As of the Closing Date, to the Borrowers’ knowledge, except as set forth on Schedule 3.07(d), none of Holdings, the Borrowers or any Restricted Subsidiary is obligated under any right of first refusal, option or other contractual right to sell, assign or otherwise dispose of any real property with a fair market value in excess of US$1,000,000 or any interest therein.

Section 3.08 Subsidiaries . Schedule 3.08 sets forth as of the Closing Date a list of all Subsidiaries and the percentage ownership interest of Holdings, the Borrowers or any Restricted Subsidiary therein. The shares of capital stock or other ownership interests so indicated on Schedule 3.08 are fully paid and non-assessable (to the extent such concepts are applicable) and are owned by Holdings, the Borrowers or a Restricted Subsidiary, directly or indirectly, free and clear of all Liens (other than Liens created under the Security Documents, Liens created by the ABL Credit Facility, Liens created by the Receivables Securitization Documents and Statutory Prior Liens for Statutory Prior Claims that are not delinquent or which are being contested in compliance with Section 5.03 ). An accurate organization chart, showing the ownership structure of (i) Holdings, the Borrowers and each Subsidiary on the Closing Date and (ii) Holdings, the Borrowers and each Subsidiary (including each Company Related Loan Party) after giving effect to the Transactions on the Acquisition Joinder Date, is set forth on Schedule 3.08.

Section 3.09 Litigation; Compliance with Laws . (a) Except as set forth on Schedule 3.09 , there are no actions, suits or proceedings at law or in equity or by or before any Governmental Authority now pending or, to the knowledge of Holdings or either Borrower, threatened against or affecting Holdings or either Borrower or any Subsidiary (i) that involve any Loan Document or the Transactions or (ii) as to which there is a reasonable possibility of an adverse determination and that could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect.

(b) None of Holdings, the Borrowers or any of the Restricted Subsidiaries or any of their respective material properties or assets is in violation of, nor will the

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continued operation of their material properties and assets as currently conducted violate, any law, rule or regulation (including any zoning, building, Environmental Law, ordinance, code or approval or any building permits) or any restrictions of record or agreements affecting the Mortgaged Property, or is in default with respect to any judgment, writ, injunction, decree or order of any Governmental Authority, where such violation or default could reasonably be expected to result in a Material Adverse Effect.

(c) To the extent applicable, each of the Borrowers and their Subsidiaries is in compliance in all material respects with (i) the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended), and any other enabling legislation or executive order relating thereto, (ii) the USA PATRIOT Act, (iii) the United States Foreign Corrupt Practices Act of 1977, as amended, and (iv) any Anti-Money Laundering Legislation. Notwithstanding the foregoing, the provisions of this Section 3.09(c) shall not be interpreted to contravene, or require any notification to the Attorney General of Canada under, the Foreign Extraterritorial Measures (United States) Order, 1992, by the Canadian Borrower, any Canadian Subsidiary Guarantor, or any Subsidiary that is organized under the laws of Canada or any province thereof.

Section 3.10 Agreements . (a) None of Holdings, the Borrowers or any of the Subsidiaries is subject to any corporate restriction that has resulted or could reasonably be expected to result in a Material Adverse Effect.

(b) None of Holdings, the Borrowers or any of the Restricted Subsidiaries is in default in any manner under any provision of any indenture or other agreement or instrument evidencing Indebtedness, or any other material agreement or instrument to which it is a party or by which it or any of its properties or assets are or may be bound, where such default could reasonably be expected to result in a Material Adverse Effect.

Section 3.11 Federal Reserve Regulations . (a) None of Holdings, the Borrowers or any of the Restricted Subsidiaries is engaged or will engage, principally or as one of its important activities, in the business of purchasing or carrying Margin Stock (within the meaning of Regulation U issued by the Board), or extending credit for the purpose of purchasing or carrying Margin Stock and no proceeds of any Borrowings will be used to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock. None of Holdings, the Borrowers or any of the Restricted Subsidiaries owns Margin Stock as of the Closing Date.

(b) No part of the proceeds of any Term Loan will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, for any purpose that entails a violation of, or that is inconsistent with, the provisions of the Regulations of the Board, including Regulation T, Regulation U or Regulation X.

Section 3.12 Investment Company Act . None of Holdings, the Borrowers or any Restricted Subsidiary is an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940.

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Section 3.13 Use of Proceeds . The Borrowers will (a) use the proceeds of the Term Loans only for the purposes specified in the introductory statement to this Agreement and (b) use the proceeds of Incremental Term Loans only to finance Permitted Acquisitions (including the payment of related fees and expenses) for the purposes specified in the applicable Incremental Term Loan Assumption Agreement.

Section 3.14 Tax Returns . Except as set forth on Schedule 3.14 , each of Holdings, the Borrowers and the Restricted Subsidiaries has filed or caused to be filed all material Federal, state, local and foreign income tax returns or materials required to have been filed by it and has paid or caused to be paid all material taxes due and payable by it and all assessments received by it, except taxes that are being contested in good faith by appropriate proceedings and for which Holdings, the Borrowers or such Restricted Subsidiary, as applicable, shall have set aside on its books adequate reserves. Neither the Borrowers, nor any Restricted Subsidiary is party to any tax sharing agreement pursuant to which any of them could be responsible for any amount of taxes, except as otherwise reviewed and approved by the Administrative Agent in its reasonable discretion. Each Canadian Loan Party has paid or remitted or caused to be paid or remitted all tax and source deductions comprised in Statutory Prior Claims due and payable by it, except as set forth on Schedule 3.14 or taxes for which the validity or amount thereof is being contested in good faith by appropriate proceedings and for which the Borrowers have set aside on their books adequate reserves with respect thereto in accordance with GAAP and such contest operates to suspend collection of the contested obligation, tax, assessment or charge and enforcement of a Lien.

Section 3.15 No Material Misstatements . None of (a) the Confidential Information Memorandum or (b) any other information, report, financial statement, exhibit or schedule furnished by or on behalf of a Loan Party to the Administrative Agent or any Lender in connection with the negotiation of any Loan Document or included therein or delivered pursuant thereto contained, contains or will contain, when taken as a whole, any material misstatement of fact or omitted, omits or will omit, when taken as a whole, to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were, are or will be made, not materially misleading; provided that to the extent any such information, report, financial statement, exhibit or schedule was based upon or constitutes a forecast or projection, or forward looking statement or is based on general economic conditions, each of Holdings and the Borrowers represents only that it acted in good faith and utilized reasonable assumptions at the time furnished and due care in the preparation of such information, report, financial statement, exhibit or schedule; it being understood that actual results may differ and such difference may be material.

Section 3.16 Employee Benefit Plans . (a) No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect. The present value of all accumulated benefit obligations under each Plan (based on the assumptions used for purposes of Financial Accounting Standards Board Accounting Standards Codification 715-30) did not, as of the most recent financial statements reflecting such amounts, exceed the fair market value of the assets of such Plan.

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(b) With respect to each Foreign Pension Plan, reserves have been established in the financial statements furnished to Lenders in respect of any unfunded liabilities in accordance with applicable law or, where required, in accordance with ordinary accounting practices in the jurisdiction in which such Foreign Pension Plan is maintained. The aggregate unfunded liabilities with respect to such Foreign Pension Plans could not reasonably be expected to result in a Material Adverse Effect; the present value of the aggregate accumulated benefit liabilities of all such Foreign Pension Plans (based on those assumptions used to fund each such Foreign Pension Plan) did not, as of the last annual valuation date applicable thereto, exceed the fair market value of the assets of all such Foreign Pension Plans.

(c) Each Canadian Loan Party and its Subsidiaries is in compliance with the requirements of the Pension Benefits Act (Ontario) and other federal or provincial laws with respect to each Canadian Pension Plan, except where the failure to so comply could not reasonably be expected to have a Material Adverse Effect. No fact or situation that may reasonably be expected to result in a Material Adverse Effect exists in connection with any Canadian Pension Plan. No Pension Event which has resulted or could reasonably be expected to result in any Loan Party incurring any liability in excess of US$5,000,000 has occurred. As of the date hereof, except as set forth on Schedule 3.16(c) , each Canadian Pension Plan has no solvency deficiency and is funded as required under the most recent actuarial valuation filed with the applicable Governmental Authority pursuant to generally accepted actuarial practices and principles. All contributions (including employee contributions made by authorized payroll deductions or other withholdings) required to be made to the appropriate funding agency in accordance with all applicable laws and the terms of each Canadian Pension Plan have been made in accordance with all applicable laws and the terms of each Canadian Pension Plan. No Loan Party or any of its Subsidiaries is required to contribute to a Canadian Union Plan.

Section 3.17 Environmental Matters . Except for those matters that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect: (i) Holdings, the Borrowers and each of the Subsidiaries are in compliance with all applicable Environmental Laws (which compliance includes the possession of all permits and other governmental authorizations required under applicable Environmental Laws, and compliance with the terms and conditions thereof); (ii) there is no Environmental Claim pending or, to the knowledge of Holdings or the Borrowers, threatened against Holdings or the Borrowers or any Subsidiary or, to the knowledge of Holdings or the Borrowers, against any Person whose liability for such Environmental Claims Holdings or the Borrowers or any Subsidiary has or may have retained or assumed either contractually or by operation of law; and (iii) there are no actions, activities, circumstances, facts, conditions, events or incidents, including the presence of any Hazardous Material, which could be reasonably expected to form the basis of any Environmental Claim against Holdings or the Borrowers or any Subsidiary, or to the knowledge of Holdings or the Borrowers, against any Person whose liability for such Environmental Claims Holdings or the Borrowers or any Subsidiary has or may have retained or assumed either contractually or by operation of law.

Section 3.18 Insurance . Schedule 3.18 sets forth a true, complete and correct description of all insurance maintained by the Borrowers or by the Borrowers for their subsidiaries as of the Closing Date. As of the Closing Date, such insurance is in full force and effect and all premiums in respect of such insurance that were due and payable have been duly

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paid. The Borrowers believe that the insurance maintained by or on behalf of the Borrowers and their Restricted Subsidiaries is adequate.

Section 3.19 Security Documents . (a) The Collateral Agreements, upon execution and delivery thereof by the parties thereto, will create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Collateral Agreements) and the proceeds thereof and (i) when the Pledged Collateral (as defined in the Collateral Agreements) is delivered to the Collateral Agent together with stock, membership interest powers or other appropriate instruments of transfer duly executed in blank, and assuming that any applicable foreign perfection requirements have been satisfied with respect to any non-U.S. and non-Canadian issuers, the Lien created under the Collateral Agreements shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the Loan Parties in such Pledged Collateral, in each case prior and superior in right to any other Person, and (ii) when financing statements in appropriate form are filed in the offices specified on Schedule 3.19(a) , the Lien created under the Collateral Agreements will constitute a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Collateral (other than Intellectual Property, as defined in the Collateral Agreements), in each case prior and superior in right to any other Person, other than with respect to Liens expressly permitted by Section 6.02 to the extent filing a financing statement perfects such security interest.

(b) Upon the recordation of the Collateral Agreements (or a short-form security agreement in form and substance reasonably satisfactory to the Borrowers and the Collateral Agent) with the United States Patent and Trademark Office and the United States Copyright Office and the Canadian Intellectual Property Office (and, with respect to any equivalent foreign rights, the taking of appropriate actions under the laws of such jurisdictions as required pursuant to the terms of the Collateral Agreements, including filing in other appropriate foreign or international offices or registrars), together with the financing statements in appropriate form filed in the offices specified on Schedule 3.19(a) , the Lien created under the Collateral Agreements shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in the Intellectual Property (as defined in the Collateral Agreements) in which a security interest may be perfected by filing in the United States and its territories and possessions and Canada (and, with respect to any equivalent other foreign rights material to Holdings and its Subsidiaries taken as a whole, the taking of appropriate actions under the laws of such jurisdictions as required pursuant to the terms of the Collateral Agreements, including filing in other appropriate foreign or international offices or registrars), in each case prior and superior in right to any other Person apart from Statutory Prior Claims (it being understood that subsequent recordings in the United States Patent and Trademark Office and the United States Copyright Office and the Canadian Intellectual Property Office (and appropriate foreign or international offices or registers) may be necessary to perfect a Lien on registered trademarks and patents, trademark and patent applications and registered copyrights acquired by the Loan Parties after the date hereof).

(c) The Mortgages are effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable Lien on all of the Loan Parties’ right, title and interest in and to the Mortgaged Property thereunder and the proceeds thereof, and when the Mortgages are filed in the offices specified on Schedule 3.19(c) ,

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the Mortgages shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in, or first charge on, as applicable, such Mortgaged Property and the proceeds thereof, in each case prior and superior in right to any other Person, other than with respect to the rights of Persons pursuant to Liens expressly permitted by Section 6.02 .

Section 3.20 Location of Real Property and Leased Premises . (a)  Schedule 3.20(a) lists completely and correctly as of the Closing Date all real property owned by the Credit Parties and the addresses thereof.

(b) Schedule 3.20(b) lists completely and correctly as of the Closing Date all real property leased by the Credit Parties and the addresses thereof. The Credit Parties have valid leases in all the real property set forth on Schedule 3.20(b) , except where the failure so to have a valid lease in such real property could not reasonably be expected to result in a Material Adverse Effect.

Section 3.21 Labor Matters . As of the Closing Date, there are no strikes, lockouts or slowdowns against any Loan Party or any Restricted Subsidiary pending or, to the knowledge of Holdings or the Borrowers, threatened. The hours worked by and payments made to employees of the Credit Parties have not been in violation of the Fair Labor Standards Act or any other applicable Federal, state, local or foreign law dealing with such matters, except where the failure to so comply could not reasonably be expected to result in a Material Adverse Effect. All payments due from a Loan Party or any Restricted Subsidiary, or for which any claim may be made against a Loan Party or any Restricted Subsidiary, on account of wages and employee health and welfare insurance and other benefits, have been paid or accrued as a liability on the books of the applicable Loan Party or such Restricted Subsidiary, except where the failure to so comply could not reasonably be expected to result in a Material Adverse Effect. The consummation of the Transactions will not give rise to any right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to which a Loan Party or any Restricted Subsidiary is bound, except where the failure to so comply could not reasonably be expected to result in a Material Adverse Effect.

Section 3.22 Intellectual Property . Holdings, the Borrowers and each of the Restricted Subsidiaries has a valid right to use all patents, trademarks, service marks, trade names, design rights, copyrights and other intellectual property rights necessary to the present conduct of each of their respective businesses, and has or reasonably will obtain such rights with regard to the planned conduct of each of their respective businesses, without any known infringements of any third party rights, except where the failure to have such right or obtain such right could not be reasonably expected to have a Material Adverse Effect. All U.S. federal and foreign registered, issued or applied for patents, trademarks, service marks and copyrights owned by Holdings, the Borrowers and each of the Subsidiaries (other than Excluded Subsidiaries) as of the Closing Date are set forth on Schedule 3.22, and all such registrations, issuances, and applications are duly and properly registered, issued or filed in the appropriate offices of the appropriate jurisdictions for such registrations, issuances or filings except where the failure to be registered, issued or filed could not reasonably be expected to have a Material Adverse Effect.

Section 3.23 Solvency . Immediately after the consummation of those Transactions to occur on the Closing Date and immediately following the making of the Term

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Loans and after giving effect to the application of the proceeds of the Term Loans, (a) Holdings, Borrowers and their consolidated Restricted Subsidiaries, taken as a whole, are Solvent and (b) US Borrower and its consolidated Restricted Subsidiaries, taken as a whole, are Solvent.

Section 3.24 Transaction Documents . Holdings and the Borrowers have delivered to the Administrative Agent a complete and correct copy of the Purchase Agreement (including all schedules, exhibits, amendments, supplements and modifications thereto) as in effect on the Closing Date. Neither Holdings, the Borrowers nor any Loan Party (other than any Company Related Loan Parties, the Existing Holdcos and the Existing Parent) or, to the knowledge of Holdings, the Borrowers or any Loan Party, any Company Related Loan Party or any other Person party thereto (including any shareholders listed on Schedule A of the Purchase Agreement) is in default in the performance or compliance with any material provisions thereof. The Purchase Agreement complies in all material respects with all applicable laws. All representations and warranties of the Credit Parties (other than any Company Related Loan Parties, the Existing Parent and the Existing Holdcos) and, to the knowledge of Holdings, the Borrowers or each Loan Party, all representations and warranties of the Company Related Loan Parties, the Existing Parent, the Existing Holdcos or the shareholders listed on Schedule A of the Purchase Agreement, set forth in the Purchase Agreement were true and correct in all material respects at the time, as of which such representations and warranties were made (or deemed made).

Section 3.25 Senior Indebtedness . The Obligations constitute “Senior Indebtedness” and “Designated Senior Indebtedness” under and as defined in the Subordinated Note Documents. The Obligations rank, and at all times after the Closing Date will rank, senior in right of payment to the obligations of Holdings and the US Borrower under the Subordinated Notes and the Subordinated Note Documents. The execution, delivery and performance by the Loan Parties of this Agreement and the other Loan Documents and the making of the Term Loans hereunder do not violate the terms of the Subordinated Note Documents, the Receivables Securitization Documents, the Existing Senior Notes (unless defeased pursuant to a Permitted Debt Defeasance) or any Real Estate Loan Agreement.

Section 3.26 Sanctioned Persons . No Credit Party nor any subsidiary thereof, nor any director, officer or employee of any Credit Party or any subsidiary thereof, nor, to the knowledge of the Borrowers, any agent or Affiliate of any Credit Party or any subsidiary thereof is currently subject to any U.S. sanctions administered by OFAC; and the Borrowers will not directly or indirectly use the proceeds of the Term Loans or otherwise make available such proceeds to any Person, for the purpose of financing the activities of any Person currently subject to any U.S. sanctions administered by OFAC, or for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business to obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended. None of the transactions contemplated by the Loan Documents violates the Canadian Economic Sanctions and Export Control Laws. Furthermore, no Credit Party nor any subsidiary thereof is a Canadian Blocked Person and, to the actual knowledge of each Credit Party, no Credit Party or subsidiary thereof engages in any dealings or transactions, or is otherwise associated, with a Canadian Blocked Person.

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ARTICLE IV

Conditions of Lending

The obligations of the Lenders to make Term Loans are subject to the satisfaction of the following conditions:

Section 4.01 All Borrowings (including Incremental Term Loans). On the date of each Borrowing (other than a conversion or a continuation of a Borrowing):

(a) The Administrative Agent shall have received a Borrowing Request as required by Section 2.03 (or such notice shall be deemed given in accordance with Section 2.02 );

(b) [Reserved]; and

(c) At the time of and immediately after such Borrowing, no Default or Event of Default shall have occurred and be continuing.

Each Borrowing shall be deemed to constitute a representation and warranty by Holdings and the Borrowers on and as of the date of such Borrowing as to the matters specified in paragraph (c) above.

Section 4.02 Borrowings on the Closing Date . On the Closing Date :

(a) The Administrative Agent shall have received, on behalf of itself and the Lenders, a favorable written opinion in form and substance reasonably acceptable to the Administrative Agent of (i) Jones Day, counsel for Holdings and the Borrowers, (ii) McMillan, Canadian counsel for Holdings and the Borrowers, and (iii) each local counsel listed on Schedule 4.02(a) , in each case (A) dated the Closing Date, (B) addressed to the Administrative Agent and the Lenders, and (C) covering such other matters relating to the Loan Documents and the Transactions as the Administrative Agent shall reasonably request, and Holdings and the Borrowers hereby request such counsel to deliver such opinions.

(b) The representations and warranties set forth in Article III and in each other Loan Document shall be true and correct in all material respects on and as of the date such Term Loans are to be made, expect to the extent that such representations and warranties expressly relate to an earlier date (in which case such representations and warranties shall be true and correct in all material respects as of such earlier date).

(c) The Administrative Agent shall have received a fully executed copy of the Intercreditor Agreement.

(d) The Administrative Agent shall have received a fully executed copy of the Amended and Restated Receivables Intercreditor Agreement.

(e) The Administrative Agent shall have received (i) a copy of the certificate or articles of incorporation or formation, or memorandum of association and articles

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of association, or equivalent constitutive document, as applicable, including all amendments thereto, of each Loan Party, certified as of a recent date by the Secretary of State (or its equivalent) of the state of its organization or existence (or Registrar of Joint Stock Companies for the Province of Nova Scotia or equivalent in foreign jurisdictions), and a certificate as to the good standing of each Loan Party as of a recent date, from such Secretary of State, Registrar of Joint Stock Companies (or, in each case, a comparable governmental official); (ii) a certificate of the Secretary or Assistant Secretary of each Loan Party dated the Closing Date and certifying (A) that attached thereto is a true and complete copy of the by-laws, limited liability company agreement, unanimous shareholder agreement or operating agreement, as applicable, of such Loan Party as in effect on the Closing Date and at all times since a date prior to the date of the resolutions described in clause (B) below, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors or equivalent governing body of such Loan Party or unanimous shareholder agreement authorizing the execution, delivery and performance of the Loan Documents to which such Person is a party and, in the case of the Borrowers, the borrowings hereunder, and that such resolutions or unanimous shareholder agreement have not been modified, rescinded or amended and are in full force and effect, (C) that attached thereto is a true and complete copy of the certificate or articles of incorporation or certificate of formation, as applicable, of such Loan Party, and all amendments thereto, as in effect on the Closing Date, and (D) as to the incumbency and specimen signature of each officer executing any Loan Document or any other document delivered in connection herewith on behalf of such Loan Party; (iii) a certificate of another officer as to the incumbency and specimen signature of the Secretary or Assistant Secretary executing the certificate pursuant to clause (ii) above; and (iv) such other documents as the Lenders or the Administrative Agent may reasonably request.

(f) The Administrative Agent shall have received a certificate, dated the Closing Date and signed by a Financial Officer of the Borrowers, confirming that the representations and warranties set forth in Article III and in each other Loan Document shall be true and correct in all material respects on and as of the date such Term Loans are to be made, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties shall be true and correct in all material respects as of such earlier date) and compliance with the conditions precedent set forth in paragraph (c) of Section 4.01 .

(g) The Administrative Agent shall have received all Fees and other amounts due and payable on or prior to the Closing Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrowers hereunder or under any other Loan Document.

(h) The Security Documents and other Loan Documents to be executed and delivered on or prior to the Closing Date shall have been duly executed by each Loan Party that is to be a party thereto and delivered to the Collateral Agent and shall be in full force and effect on the Closing Date. The Collateral Agent on behalf of the Secured Parties shall have or, concurrently herewith, will have, a security interest in the Collateral of the type and priority described in each such Security Document.

(i) The Collateral Agent shall have received a Perfection Certificate with respect to the Loan Parties and the Company Related Loan Parties dated the Closing Date

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and duly executed by a Responsible Officer of each Borrower, and shall have received the results of a search of the Uniform Commercial Code filings, Personal Property Security Act filings or equivalent filings made with respect to the Loan Parties and the Company Related Loan Parties in the states, provinces (or other jurisdictions) of formation of such Persons, in which the chief executive office of each such Person is located and in the other jurisdictions in which such Persons maintain property, in each case as indicated on such Perfection Certificate, together with copies of the financing statements (or similar documents) disclosed by such search, and accompanied by evidence satisfactory to the Collateral Agent that the Liens indicated in any such financing statement (or similar document) would be permitted under Section 6.02 or have been or will be contemporaneously released or terminated.

(j) (i) Each of the Security Documents, in form and substance reasonably satisfactory to the Lenders, relating to each of the Mortgaged Properties shall have been duly executed by the parties thereto and delivered to the Collateral Agent and shall be in full force and effect, (ii) each of such Mortgaged Properties shall not be subject to any Lien other than those permitted under Section 6.02, (iii) each of such Security Documents shall have been or, concurrently herewith, will be, filed and recorded in the recording office as specified on Schedule 3.19(c) (or a lender’s title insurance policy, in form and substance reasonably acceptable to the Collateral Agent, insuring such Security Document as a first lien on such Mortgaged Property (subject to any Lien permitted by Section 6.02 ) shall have been or, concurrently herewith, will be, received by the Collateral Agent) and, in connection therewith, the Collateral Agent shall have received evidence reasonably satisfactory to it of each such filing and recordation and (iv) the Collateral Agent shall have received such other documents, including a policy or policies of title insurance issued by a nationally or regionally recognized title insurance company, together with such endorsements, coinsurance and reinsurance as may be reasonably requested by the Collateral Agent and the Lenders, insuring the Mortgages as valid first liens on the Mortgaged Properties, free of Liens other than those permitted under Section 6.02 , together with such surveys, abstracts, appraisals and legal opinions required to be furnished pursuant to the terms of the Mortgages or as reasonably requested by the Collateral Agent or the Lenders.

(k) The Administrative Agent shall have received a copy of, or a certificate as to coverage under, the insurance policies required by Section 5.02 and the applicable provisions of the Security Documents, each of which shall be endorsed or otherwise amended to include a customary lender’s loss payable endorsement and to name the Collateral Agent as additional insured, in form and substance reasonably satisfactory to the Administrative Agent.

(l) The Administrative Agent shall have received a certificate from a Responsible Officer of Holdings in form and substance reasonably satisfactory to the Administrative Agent certifying that all conditions precedent to the consummation of the Acquisition, except for those conditions that can only be satisfied on the closing date of the Acquisition, shall have been consummated in accordance with the Purchase Agreement and applicable law, without giving effect to any waiver of any material terms or conditions of the Purchase Agreement not approved in writing by the Required Lenders. The Administrative Agent shall have received copies of the Purchase Agreement and all material certificates,

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opinions and other documents delivered thereunder, certified by a Financial Officer as being complete, correct and in effect.

(m) With respect to the Existing Senior Notes, the US Borrower shall have delivered evidence to the Administrative Agent that, concurrently with the receipt by the US Borrower of the proceeds of the Term Loans, the Indebtedness relating thereto (i) has been called for redemption and for which funds sufficient to redeem such indebtedness and pay interest thereon to the applicable redemption date have been irrevocably deposited with the Senior Notes Trustee pursuant to Section 8.01(a) of the indenture pursuant to which the Existing Senior Notes were issued or (ii) has otherwise been discharged or defeased or satisfied to the reasonable satisfaction of the Administrative Agent. Immediately after giving effect to the Transactions and the other transactions contemplated hereby, the Credit Parties shall have outstanding no Indebtedness or preferred stock other than (a) Indebtedness outstanding under this Agreement, (b) the Subordinated Notes, (c) the Transaction Related Intercompany Notes, and (d) Indebtedness permitted by Section 6.01 .

(n) The Lenders shall have received the financial statements referred to in Section 3.05 .

(o) The Administrative Agent shall have received a certificate from the chief financial officer of Holdings, in form and substance reasonably satisfactory to the Administrative Agent certifying that Holdings and its Restricted Subsidiaries, and the US Borrower and its Restricted Subsidiaries, each on a consolidated basis after giving effect to the Transactions, are Solvent.

(p) The Administrative Agent shall have received copies of or, to the extent required to be pledged under the Security Documents once issued, forms of the Transaction Related Intercompany Notes together with all guarantees, forward subscription agreements and other material documents executed and delivered (or to be executed and delivered) by a Credit Party in connection therewith, certified by a Financial Officer as being complete and correct.

(q) The Administrative Agent shall have received copies of the ABL Credit Facility and the Receivables Securitization Documents set forth in clauses (i) and (ii) of the definition thereof, and all material documents delivered in connection therewith, certified by a Financial Officer as being complete, correct and in effect and such agreements and documents shall be in full force and effect and in form and substance reasonably acceptable to the Administrative Agent.

(r) All requisite Governmental Authorities and third parties shall have approved or consented to the Transactions and the other transactions contemplated hereby to the extent required, all applicable appeal and waiting periods shall have expired and there shall not be any pending or threatened litigation, governmental, administrative or judicial action that could reasonably be expected to restrain, prevent or impose burdensome conditions on the Transactions or the other transactions contemplated hereby.

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(s) Lenders shall have received, at least five (5) Business Days prior to the Closing Date, to the extent requested, all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act and the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada).

ARTICLE V

Affirmative Covenants

Holdings and each Borrower each covenants and agrees with each Lender that so long as this Agreement shall remain in effect and until all Commitments have terminated and the principal of and interest on each Term Loan, all Fees and all other expenses or amounts payable under any Loan Document shall have been paid in full (other than contingent obligations for which no claim has been asserted), unless the Required Lenders shall otherwise consent in writing, each of Holdings and the Borrowers will, and will cause each of the Restricted Subsidiaries, and, with respect to Sections 5.08, 5.09 and 5.10, each of the other Subsidiaries, to:

Section 5.01 Existence; Compliance with Laws; Businesses and Properties . (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.05 .

(b) Except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect, do or cause to be done all things necessary to obtain, preserve, renew, extend and keep in full force and effect the rights, licenses, permits, franchises, authorizations, patents, copyrights, trademarks, trade names and other intellectual property rights material to the conduct of its business; maintain and operate such business in substantially the manner in which it is presently conducted and operated; comply with all applicable laws, rules, regulations and decrees and orders of any Governmental Authority, whether now in effect or hereafter enacted, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect; and at all times maintain and preserve all property material to the conduct of such business, taken as a whole, and keep such property in good working order and condition, ordinary wear and tear excepted.

Section 5.02 Insurance . (a) Keep its insurable properties adequately insured at all times by financially sound and reputable insurers; maintain such other insurance, to such extent and against such risks, including fire and other risks insured against by extended coverage, as is customary with companies in the same or similar businesses operating in the same or similar locations, including public liability insurance against claims for personal injury or death or property damage occurring upon, in, about or in connection with the use of any properties owned, occupied or controlled by it; and maintain such other insurance as may be required by law.

(b) Cause all such policies covering any Collateral to be endorsed or otherwise amended to include a customary lender’s loss payable endorsement, in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent, which

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endorsement shall provide that, from and after the Closing Date, if the insurance carrier shall have received written notice from the Administrative Agent or the Collateral Agent of the occurrence of an Event of Default, the insurance carrier shall pay all proceeds otherwise payable to the Borrowers or the Loan Parties under such policies directly to the Collateral Agent; cause all such policies to provide that neither the Borrowers, the Administrative Agent, the Collateral Agent nor any other party shall be a coinsurer thereunder and to contain a “Replacement Cost Endorsement”, without any deduction for depreciation, and such other provisions as the Administrative Agent or the Collateral Agent may reasonably require from time to time to protect their interests; deliver original or certified copies of all such policies to the Collateral Agent (or to the ABL Agent, as their respective interests appear); cause each such policy to provide that it shall not be canceled, modified or not renewed (i) by reason of nonpayment of premium upon not less than 10 days’ prior written notice thereof by the insurer to the Administrative Agent and the Collateral Agent (giving the Administrative Agent and the Collateral Agent the right to cure defaults in the payment of premiums) or (ii) for any other reason upon not less than 30 days’ prior written notice thereof by the insurer to the Administrative Agent and the Collateral Agent; deliver to the Administrative Agent and the Collateral Agent, prior to the cancellation, modification or nonrenewal of any such policy of insurance, a copy of a renewal or replacement policy (or other evidence of renewal of a policy previously delivered to the Administrative Agent and the Collateral Agent) together with evidence reasonably satisfactory to the Administrative Agent and the Collateral Agent of payment of the premium therefor.

(c) If at any time the area in which the Premises (as defined in the Mortgages) are located is designated (i) a “flood hazard area” in any Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any successor agency), obtain flood insurance in such total amount as the Administrative Agent, the Collateral Agent or the Required Lenders may from time to time require to comply with the National Flood Insurance Program as set forth in the Flood Disaster Protection Act of 1973, as it may be amended from time to time, or (ii) a “Zone 1” area, obtain earthquake insurance in such total amount as the Administrative Agent, the Collateral Agent or the Required Lenders may from time to time reasonably require.

(d) With respect to any Mortgaged Property, carry and maintain comprehensive general liability insurance including the “broad form CGL endorsement” and coverage on an occurrence basis against claims made for personal injury (including bodily injury, death and property damage) and umbrella liability insurance against any and all claims, in no event for a combined single limit of less than that which is customary for companies in the same or similar businesses operating in the same or similar locations, naming the Collateral Agent as an additional insured, on forms satisfactory to the Collateral Agent.

Section 5.03 Obligations and Taxes . Pay its Material Indebtedness and other material liabilities and obligations promptly and in accordance with their terms and pay and discharge promptly when due all material taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits or in respect of its property, before the same shall become delinquent or in default, as well as all lawful claims for labor, materials and supplies or otherwise that are subject to or, if unpaid, might give rise to a Lien upon such properties or any part thereof; provided , however , that such payment and discharge shall not be required with

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respect to any such obligation, tax, assessment, charge, levy or claim, (i) so long as the validity or amount thereof shall be contested in good faith by appropriate proceedings and the Borrowers shall have set aside on their books adequate reserves with respect thereto in accordance with GAAP and such contest operates to suspend collection of the contested obligation, tax, assessment or charge and enforcement of a Lien and, in the case of a Mortgaged Property, there is no risk of forfeiture of such property or (ii) if, other than in the case of material taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits or in respect of its property, the failure to pay or discharge could not reasonably be expected to have a Material Adverse Effect.

Section 5.04 Financial Statements, Reports, etc . In the case of Holdings, furnish to the Administrative Agent, which shall furnish to each Lender:

(a) within 90 days after the end of each fiscal year, its consolidated balance sheet and related statements of income, stockholders’ equity and cash flows showing the financial condition of Holdings and its consolidated Subsidiaries as of the close of such fiscal year and the results of its operations and the operations of such Subsidiaries during such year, together with comparative figures for the immediately preceding fiscal year, all audited by PricewaterhouseCoopers LLP or other independent public accountants of recognized national standing and accompanied by an opinion of such accountants (which opinion shall be without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit) to the effect that such consolidated financial statements fairly present, in all material respects, the financial condition and results of operations of Holdings and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied;

(b) within 45 days after the end of each of the first three fiscal quarters of each fiscal year, its consolidated balance sheet and related statements of income, stockholders’ equity and cash flows showing the financial condition of Holdings and its consolidated Subsidiaries as of the close of such fiscal quarter and the results of its operations and the operations of such Subsidiaries during such fiscal quarter and the then elapsed portion of the fiscal year, and, other than with respect to quarterly reports during the remainder of the first fiscal year after the Closing Date, comparative figures for the same periods in the immediately preceding fiscal year, all certified by one of its Financial Officers as fairly presenting, in all material respects, the financial condition and results of operations of Holdings and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments;

(c) concurrently with any delivery of financial statements under paragraph (a) or (b) above, a certificate of a Financial Officer of Holdings in the form of Exhibit H certifying that no Event of Default or Default has occurred or, if such an Event of Default or Default has occurred, specifying the nature and extent thereof and any corrective action taken or proposed to be taken with respect thereto, and, in the case of a certificate delivered with the financial statements required by paragraph (a) above, (i) setting forth computations in reasonable detail satisfactory to the Administrative Agent in respect of the Available Amount and Holdings’ calculation of Excess Cash Flow and (ii) certifying a list of names of all Excluded Subsidiaries and Unrestricted Subsidiaries at such time and that each Subsidiary set forth on such list qualifies as an Excluded Subsidiary or Unrestricted Subsidiary, as the case may be;

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(d) [Reserved].

(e) within 45 days after the beginning of each fiscal year of Holdings, a detailed consolidated budget for such fiscal year (including a projected consolidated balance sheet and related statements of income and cash flows as of the end of and for such fiscal year);

(f) promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and other materials filed by Holdings, either Borrower or any Restricted Subsidiary with the Securities and Exchange Commission, or any Governmental Authority succeeding to any or all of the functions of said Commission, or with any national securities exchange, or distributed to its shareholders, as the case may be;

(g) [Reserved];

(h) promptly after the request by any Lender, all documentation and other information that such Lender reasonably requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act and the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada); and

(i) promptly, following any request therefor, such other information regarding the operations, business affairs and financial condition of Holdings, either Borrower or any Restricted Subsidiary, or compliance with the terms of this Agreement, as the Administrative Agent may reasonably request.

The Borrowers hereby acknowledge and agree that all financial statements and certificates furnished pursuant to paragraphs (a), (b) and (c) above are hereby deemed to be Borrower Materials suitable for distribution to, and to be made available to, Public Lenders as contemplated by the fourth paragraph of Section 9.01 and may be treated by the Administrative Agent and the Lenders as if the same had been marked “PUBLIC” in accordance with such paragraph.

Section 5.05 Litigation and Other Notices . Furnish to the Administrative Agent and each Lender prompt written notice of the following:

(a) any Event of Default or Default, specifying the nature and extent thereof and the corrective action (if any) taken or proposed to be taken with respect thereto;

(b) the filing or commencement of, or any threat or notice of intention of any Person to file or commence, any action, suit or proceeding, whether at law or in equity or by or before any Governmental Authority, against either Borrower or any Affiliate thereof that could reasonably be expected to result in a Material Adverse Effect;

(c) any development that has resulted in, or could reasonably be expected to result in, a Material Adverse Effect;

(d) any change in either of the Borrowers’ corporate rating by S&P, in the Borrowers’ corporate family rating by Moody’s or in the ratings of the Facility by S&P or

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Moody’s, or any notice from either such agency indicating its intent to effect such a change or to place either Borrower or the Facility on a “CreditWatch” or “WatchList” or any similar list, in each case with negative implications, or its cessation of, or its intent to cease, rating the Borrowers or the Facility; and

(e) any ERISA Event has occurred that, alone or together with any other ERISA Event could reasonably be expected to result in liability of the Borrowers and their Subsidiaries in an aggregate amount exceeding US$10,000,000; any such notice delivered under this subsection (e) shall be accompanied by a statement of a Financial Officer or other executive officer of Holdings or the applicable Borrower setting forth details as to such ERISA Event and the action, if any, that Holdings or such Borrower proposes to take with respect thereto.

Section 5.06 Information Regarding Collateral . (a) Furnish to the Administrative Agent prompt written notice of any change (i) in any Loan Party’s corporate name, (ii) in the jurisdiction of organization or formation of any Loan Party, (iii) in the jurisdiction of the chief executive office of any Canadian Loan Party or the jurisdiction in which Collateral of any Canadian Loan Party valued in excess of US$1,000,000 is located, (iv) in any Loan Party’s identity or corporate structure or (v) in any Loan Party’s Federal Taxpayer Identification Number or classification for U.S. federal income tax purposes. Holdings and the Borrowers agree not to effect or permit any change referred to in the preceding sentence unless (i) the Administrative Agent has had 30 days’ notice of such change and (ii) all filings have been made under the Uniform Commercial Code, Personal Property Security Act 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 security interest in all the Collateral. Holdings and the Borrowers also agree promptly to notify the Administrative Agent if any material portion of the Collateral is damaged or destroyed.

(b) In the case of the Borrowers, each year, at the time of delivery of the annual financial statements with respect to the preceding fiscal year pursuant to Section 5.04(a) , deliver to the Administrative Agent a certificate of a Financial Officer setting forth the information required pursuant to Sections 1, 2, 6, 7, 8, 9, 10, 12, 13 and 14 of the Perfection Certificate or confirming that there has been no change in such information since the date of the Perfection Certificate delivered on the Closing Date or the date of the most recent certificate delivered pursuant to this Section 5.06 .

Section 5.07 Maintaining Records; Access to Properties and Inspections; Maintenance of Ratings . (a) Keep proper books of record and account in which full, true and correct entries in conformity with GAAP and all requirements of law are made of all dealings and transactions in relation to its business and activities. Each Loan Party will, and will cause each of the Restricted Subsidiaries to, permit any representatives designated by the Administrative Agent or, if an Event of Default has occurred and is continuing, any Lender, upon reasonable notice, to visit and inspect the financial records and the properties of such Person at reasonable times during normal business hours, and as often as reasonably requested and to make extracts from and copies of such financial records, and permit any representatives designated by the Administrative Agent or any Lender to discuss the affairs, finances and condition of such Person with the officers thereof and independent accountants therefor ( provided that a representative of the Borrowers is given the opportunity to be present); provided that, so long as

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no Event of Default has occurred and is continuing, any such visit and inspection by the Administrative Agent in excess of one per calendar year shall be at the expense of the Administrative Agent.

(b) In the case of the Borrowers, use commercially reasonable efforts to cause the Facility to be continuously rated by S&P and Moody’s, and in the case of Holdings, use commercially reasonable efforts to maintain a corporate rating from S&P and a corporate family rating from Moody’s.

Section 5.08 Use of Proceeds ; Anti Money Laundering .

(a) Use the proceeds of (i) the Term Loans only for the purposes specified in the introductory statement to this Agreement and (ii) the Incremental Term Loans only to finance Permitted Acquisitions (including the payment of related fees and expenses) for the purposes specified in the applicable Incremental Term Loan Assumption Agreement.

(b) Shall adopt and maintain adequate policies, procedures and controls to ensure that each of Holdings and its Subsidiaries is in material compliance with (i) the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended), and any other enabling legislation or executive order relating thereto, (ii) the USA PATRIOT Act, (iii) the United States Foreign Corrupt Practices Act of 1977, as amended, and (iv) all Anti-Money Laundering Legislation applicable to it. Each Loan Party acknowledges that, pursuant to (i) the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended), and any other enabling legislation or executive order relating thereto, (ii) the USA PATRIOT Act, (iii) the United States Foreign Corrupt Practices Act of 1977, as amended, or (iv) Anti-Money Laundering Legislation, the Administrative Agent or any Lender may be required to obtain, verify and record information regarding each of Holdings and its Subsidiaries, their respective directors, authorized signing officers, direct or indirect shareholders or other persons in Control of a Loan Party, and the transactions contemplated hereby, and disclose such information to Governmental Authorities. Each Loan Party consents to such information being obtained, verified, recorded and disclosed to Governmental Authorities and agrees to promptly provide to the Administrative Agent or such Lender all such information, including supporting documentation and other evidence, as may be reasonably requested by the Lender, or any prospective assignee or participant of the Lender, in order to comply with (i) the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended), and any other enabling legislation or executive order relating thereto, (ii) the USA PATRIOT Act, (iii) the United States Foreign Corrupt Practices Act of 1977, as amended, and (iv) Anti-Money Laundering Legislation. Notwithstanding the foregoing, the provisions of this Section 5.08(b) shall not be interpreted to contravene, or require any notification to the Attorney General of Canada under, the Foreign Extraterritorial Measures (United States) Order, 1992, by the Canadian Borrower, any Canadian Subsidiary Guarantor, or any Subsidiary that is organized under the laws of Canada or any province thereof.

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(c) Shall comply in all material respects with applicable Canadian Economic Sanctions and Export Control Laws and other applicable Canadian trade-related laws. Each of Holdings and its Subsidiaries shall adopt and maintain adequate policies, procedures, and controls to ensure that it is in material compliance with applicable Canadian Economic Sanctions and Export Control Laws and other applicable Canadian trade-related laws.

Section 5.09 Employee Benefits . Comply with the applicable provisions of ERISA and the Code and all other laws applicable to any Plan (including any Foreign Pension Plan), except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect.

Section 5.10 Compliance with Environmental Laws . Except where the failure to do so would not reasonably be expected to have a Material Adverse Effect, comply, and cause all lessees and other Person occupying its properties to comply, with all Environmental Laws applicable to its operations and properties; obtain, renew and comply with all environmental permits necessary for its operations and properties; and conduct any remedial action in accordance with Environmental Laws; provided , however , that none of Holdings, the Borrowers or any Subsidiary shall be required to undertake any remedial action required by Environmental Laws to the extent that its obligation to do so is being contested in good faith and by proper proceedings and appropriate reserves are being maintained with respect to such circumstances in accordance with GAAP.

Section 5.11 Preparation of Environmental Reports . If a Default caused by reason of a breach of Section 3.17 or Section 5.10 shall have occurred and be continuing for more than 20 days (or such later date as agreed to by the Administrative Agent) without Holdings, the Borrowers or any Subsidiary commencing activities reasonably likely to cure such Default, at the written request of the Required Lenders through the Administrative Agent, provide to the Lenders within 60 days after such request (or such later date as agreed to by the Administrative Agent), at the expense of the Loan Parties, a written report regarding the matters which are the subject of such Default prepared by an environmental consulting firm reasonably acceptable to the Administrative Agent and indicating the presence or absence of Hazardous Materials and the estimated cost of any compliance or remedial action in connection with such Default.

Section 5.12 Further Assurances . Execute any and all further documents, financing statements, agreements and instruments, and take all further action (including filing Uniform Commercial Code, Personal Property Security Act and other financing statements, mortgages and deeds of trust) that may be required under applicable law, or that the Required Lenders, the Administrative Agent or the Collateral Agent may reasonably request, in order to effectuate the transactions contemplated by the Loan Documents and in order to grant, preserve, protect and perfect the validity and first priority of the security interests created or intended to be created by the Security Documents. Holdings and the Borrowers will cause any subsequently acquired or organized Restricted Subsidiary (other than (i) Excluded Subsidiaries satisfying clauses (a)  or (d)  of the definition of such term, (ii) any Restricted Subsidiary with respect to which the Administrative Agent reasonably determines that the costs or burdens of obtaining such guarantee are excessive in relation to the benefits to the Lenders afforded thereby and (iii) with respect to any US Obligation, any CFC Subsidiary or CFC Subsidiary Holding Company;

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provided , that a Restricted Subsidiary that is a borrower or guarantor with respect to, or provides a security interest in any of its assets to secure the payment of any obligations under, the ABL Credit Facility or Material Indebtedness of any Loan Party shall not be excepted from the requirements of this sentence pursuant to this parenthetical) to become a Loan Party by executing the Guarantee Agreement, the applicable Collateral Agreement and each other applicable Security Document in favor of the Collateral Agent as soon as reasonably practicable and in any case on or prior to 30 days after such acquisition or organization (or such longer period as the Administrative Agent may agree in its sole discretion). In addition, from time to time, the Borrowers will, at their cost and expense, promptly secure the Obligations by pledging or creating, or causing to be pledged or created, perfected security interests with respect to such of its assets and properties (other than, with respect to any US Obligation, (a) the assets of any CFC Subsidiary or (b) more than 65% of the issued and outstanding Equity Interests of any CFC Subsidiary or CFC Subsidiary Holding Company entitled to vote (within the meaning of United States Treasury Regulations Section 1.956-2(c)(2))) as the Administrative Agent or the Required Lenders shall designate (it being understood that it is the intent of the parties that certain of the Obligations shall be secured by substantially all the assets of the Loan Parties (including material owned real property and other personal properties acquired subsequent to the Closing Date) on the same basis as secured pursuant to the Security Documents on the Closing Date). Such security interests and Liens will be created under the Security Documents and other security agreements, mortgages, deeds of trust, hypothecs and other instruments and documents in form and substance reasonably satisfactory to the Collateral Agent, and the Borrowers shall deliver or cause to be delivered to the Lenders all such instruments and documents (including legal opinions, title insurance policies, lien searches and intellectual property ownership searches) as the Collateral Agent shall reasonably request to evidence compliance with this Section. In furtherance of the foregoing, the Borrowers will give prompt notice to the Administrative Agent of the acquisition by it or any of the Subsidiaries of any owned real property (or any interest in real property) having a value in excess of US$1,000,000.

Section 5.13 Real Estate Mortgages . On or before June 1, 2013 (or such later date as agreed to by the Administrative Agent), Holdings and the Borrowers shall cause the Real Estate Subsidiaries to Guarantee the Obligations by executing and joining the Guarantee Agreement and the applicable Collateral Agreement on the same terms as required with respect to other Subsidiary Guarantors and grant first priority Mortgage on all real property (or any interest in real property) having a value in excess of US$1,000,000 and otherwise comply with the requirements of Section 5.12 hereof. Additionally, Holdings and Borrowers shall provide to the Administrative Agent (i) an ALTA (or its equivalent) title policy covering the real property subject to such Mortgage in an amount at least equal to the fair market value of the real property subject to such Mortgage and including extended coverage and customary endorsements, (ii) a current ALTA survey thereof together with a surveyor’s certificate, (iii) any estoppel letters reasonably deemed necessary or advisable by the Administrative Agent, (iv) customary legal opinions relating to the enforceability of the Mortgage if reasonably requested by the Administrative Agent, and (v) as to the properties located within the United States, a FEMA life of loan flood insurance determination in a form reasonably acceptable to the Administrative Agent and, if applicable, proof of flood insurance required pursuant to Section 5.02(c).

Section 5.14 Post-Closing Matters . Holdings and the Borrowers shall, and shall cause the Subsidiaries to, satisfy the requirements set forth on Schedule 5.14 on or before the

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date specified for such requirements therein, in each case as such date may be extended at the sole discretion of the Administrative Agent.

ARTICLE VI

Negative Covenants

Holdings and each Borrower each covenants and agrees with each Lender that, so long as this Agreement shall remain in effect and until all Commitments have terminated and the principal of and interest on each Term Loan, all Fees and all other expenses or amounts payable under any Loan Document have been paid in full (other than contingent obligations for which no claim has been asserted) and all amounts drawn thereunder have been reimbursed in full, unless the Required Lenders shall otherwise consent in writing, neither Holdings nor the Borrowers will, nor will they cause or permit any of the Restricted Subsidiaries to:

Section 6.01 Indebtedness . Incur, create, assume or permit to exist any Indebtedness, except:

(a) Indebtedness existing on the date hereof and set forth in Schedule 6.01 and, except for any Indebtedness arising under or evidenced by the Real Estate Loan Agreements, any extensions, renewals or replacements of such Indebtedness to the extent that (i) the principal amount of such Indebtedness is not increased, (ii) any Liens securing such Indebtedness are not extended to any additional property or assets of any Credit Party, (iii) no Credit Party that is not originally obligated with respect to repayment of such Indebtedness is required to become obligated with respect thereto, (iv) in the case of any extension, refinancing, replacement or renewal of any of such Indebtedness, such extension, refinancing, replacement or renewal does not result in a shortening of the average weighted maturity of the Indebtedness so extended, refinanced, replaced or renewed, (v) the terms of any such extension, refinancing, replacement or renewal are not materially less favorable to the obligor thereunder than the original terms of such Indebtedness, and (iv) if the Indebtedness that is refinanced, renewed, replaced or extended was subordinated in right of payment to the Obligations, then the terms and conditions of the refinancing, renewal, replacement or extension Indebtedness must include subordination terms and conditions that are substantially similar to those that were applicable to the refinanced, renewed, replaced or extended Indebtedness;

(b) Indebtedness created hereunder and under the other Loan Documents;

(c) (i) Indebtedness in respect of the Transaction Related Intercompany Notes and (ii) other intercompany Indebtedness of the Credit Parties to the extent permitted by Section 6.04(c) so long as such Indebtedness owing by a US Loan Party to a Credit Party that is not a US Loan Party or by a Canadian Loan Party to a Credit Party that is not a Canadian Loan Party is subordinated to the Obligations in a manner reasonably acceptable to the Collateral Agent and in the case of clauses (i) and (ii), to the extent required by the Security Documents, the sole original promissory note or instruments, if any, evidencing such intercompany debt, indorsed in blank to the Administrative Agent or accompanied by other appropriate instruments of transfer are delivered to the Collateral Agent;

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(d) Indebtedness of the Borrowers or any Restricted Subsidiary incurred to finance the acquisition, construction or improvement of any fixed or capital assets, including equipment (whether or not constituting purchase money Indebtedness), including Capital Lease Obligations and any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition thereof, and extensions, renewals and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof; provided that (i) such Indebtedness is incurred prior to or within 90 days after such acquisition or the completion of such construction or improvement and (ii) the aggregate principal amount of Indebtedness permitted by this Section 6.01(d) , when combined with the aggregate principal amount of all Capital Lease Obligations incurred pursuant to Section 6.01(e) , shall not exceed US$50,000,000 at any time outstanding;

(e) Capital Lease Obligations in an aggregate principal amount, when combined with the aggregate principal amount of all Indebtedness incurred pursuant to Section 6.01(d) , not in excess of US$50,000,000 at any time outstanding;

(f) Indebtedness under performance bonds or with respect to workers’ compensation, health, disability or other employee benefits or property, casualty or liability insurance, pursuant to reimbursement or indemnification obligations to such person, in each case incurred in the ordinary course of business;

(g) Indebtedness of any Person that becomes a Restricted Subsidiary after the date hereof; provided that (i) such Indebtedness exists at the time such Person becomes a Restricted Subsidiary and is not created in contemplation of or in connection with such Person becoming a Restricted Subsidiary, (ii) immediately before and after such Person becomes a Subsidiary, no Event of Default shall have occurred and be continuing and (iii) the aggregate principal amount of Indebtedness permitted by this Section 6.01(g) shall not exceed US$50,000,000 at any time outstanding;

(h) Indebtedness in respect of those Hedging Agreements incurred in the ordinary course of business and not for speculative purposes;

(i) Indebtedness of any Loan Party or any Restricted Subsidiary in respect of performance bonds, bid bonds, appeal bonds, surety bonds and similar obligations, in each case provided in the ordinary course of business and so long as the aggregate amount of all Indebtedness pursuant to this Section 6.01(i) does not exceed US$75,000,000 at any one time outstanding;

(j) (i) Indebtedness owing by any US Loan Party to any US Loan Party and Guarantees by any US Loan Party of Indebtedness of any US Loan Party, (ii) Indebtedness owing by any Canadian Loan Party to any other Canadian Loan Party and Guarantees by any Canadian Loan Party of Indebtedness of any other Canadian Loan Party, and (iii) Indebtedness owing by any US Loan Party to any Canadian Loan Party and Guarantees by any Canadian Loan Party of Indebtedness of any US Loan Party, provided that (A) in the case of any Indebtedness owing by any US Loan Party to any Canadian Loan Party, such Indebtedness shall be subordinated to the Obligations on terms reasonably satisfactory to the Administrative Agent and

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(B) Guarantees permitted under this Section 6.01(j) shall be subordinated to the Obligations on the same terms as the Indebtedness so Guaranteed is subordinated to the Obligations;

(k) Indebtedness owing by any Canadian Loan Party to any US Loan Party and Guarantees by any US Loan Party of any Indebtedness of any Canadian Loan Party so long as: (i) (A) the aggregate amount of all such Indebtedness owing or Guaranteed does not exceed at one time outstanding US$75,000,000 or (B) the aggregate amount of such Indebtedness did not exceed the Available Amount at the time such Indebtedness was incurred; (ii) no Event of Default has occurred and is continuing at the time of the incurrence of any such Indebtedness or execution of such Guarantee, or would result therefrom; (iii) in the case of Indebtedness owing by any Canadian Loan Party to any US Loan Party, such Indebtedness shall be subordinated to the Obligations on terms reasonably satisfactory to the Administrative Agent; and (iv) Guarantees permitted under this Section 6.01(k) shall be subordinated to the Obligations on the same terms as the Indebtedness so Guaranteed is subordinated to the Obligations;

(l) Indebtedness owing by any Foreign Subsidiary (other than a Canadian Subsidiary Guarantor) or other Excluded Subsidiary to any Loan Party and Guarantees by any Loan Party of Indebtedness of any Foreign Subsidiary (other than a Canadian Subsidiary Guarantor) or other Excluded Subsidiary, so long as (i) (A) the aggregate amount of all such Indebtedness owing or Guaranteed (together with the aggregate amount of all Investments made pursuant to Section 6.04(c)) does not exceed at any one time outstanding US$75,000,000 or (B) the aggregate amount of such Indebtedness did not exceed the Available Amount at the time such Indebtedness was incurred, (ii) such Guarantees are unsecured, and (iii) no Event of Default has occurred and is continuing at the time of incurrence of such Indebtedness or execution of such Guarantee, or would result therefrom;

(m) secured or unsecured Indebtedness of any Foreign Subsidiary (other than a Canadian Subsidiary Guarantor) or any other Excluded Subsidiary to any financial institution or other Person that (i) is not Guaranteed by any Loan Party or (ii) if Guaranteed by any Loan Party, such Guarantee is permitted under Section 6.01(l); provided that the aggregate principal amount of Indebtedness outstanding under this Section 6.01(m) shall not exceed US$50,000,000;

(n) Indebtedness incurred under the ABL Credit Facility as in effect on the Closing Date or amended, modified, restated or supplemented in accordance with the terms of the Intercreditor Agreement, in an aggregate principal amount up to the greater of the Borrowing Base Limit and US$700,000,000;

(o) other unsecured Indebtedness so long as (i) no Default or Event of Default shall have occurred and be continuing at the time such Indebtedness is incurred, (ii) on the date such unsecured Indebtedness is incurred, and after giving effect thereto, the Total Leverage Ratio as of the last day of the most recently completed period of four consecutive fiscal quarters ending prior to the date of such determination for which the financial statements and certificates required by Section 5.04(a) or 5.04(b), as the case may be, and Section 5.04(c), have been delivered would be less than 4.75:1.00, (iii) the stated maturity date of such Indebtedness is not earlier than 91 days after the Term Loan Maturity Date (as such Term Loan Maturity Date is in effect at the time of the incurrence of such Indebtedness) and the weighted average life of such

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Indebtedness is not less than the weighted average life of the Term Loans, and (iv) if the amount of such Indebtedness to be incurred under this clause (o) would exceed $25,000,000, the US Borrower shall have delivered a certificate of a Financial Officer, certifying as to the foregoing and containing reasonably detailed calculations in support thereof, in form and substance satisfactory to the Administrative Agent;

(p) Indebtedness under the Receivables Securitization Documents and any replacement thereof;

(q) the Permitted Defeased Debt; and

(r) other unsecured Indebtedness of the Borrowers or the Restricted Subsidiaries in an aggregate principal amount not exceeding US$35,000,000 at any time outstanding; provided that no Default or Event of Default shall have occurred and be continuing at the time such Indebtedness is incurred.

Section 6.02 Liens . Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any Person, including the Borrowers or any Restricted Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

(a) Liens on property or assets of any Borrower or any Restricted Subsidiary existing on the date hereof and set forth in Schedule 6.02 ; provided that such Liens shall secure only those obligations which they secure on the date hereof and extensions, renewals and replacements thereof permitted hereunder;

(b) any Lien created under the Loan Documents;

(c) Liens on Accounts sold to Receivables SPV pursuant to the Receivables Securitization Agreements;

(d) Liens on fixed or capital assets acquired, constructed or improved by any Loan Party or any Restricted Subsidiary; provided that (i) such security interests secure Indebtedness permitted by clause (d) of Section 6.01, (ii) such security interests and the Indebtedness secured thereby are incurred prior to or within 90 days after such acquisition or the completion of such construction or improvement, (iii) the Indebtedness secured thereby does not exceed 100% of the cost of acquiring, constructing or improving such fixed or capital assets and (iv) such security interests shall not apply to any other property or assets of such Loan Party or Restricted Subsidiary or any other Loan Party or Restricted Subsidiary;

(e) any Lien existing on any property or asset prior to the acquisition thereof by any Loan Party or any Restricted Subsidiary or existing on any property or assets of any Person that becomes a Loan Party or Restricted Subsidiary after the date hereof prior to the time such Person becomes a Loan Party or Restricted Subsidiary, as the case may be; provided that (i) such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming a Loan Party or Restricted Subsidiary, (ii) such Lien does not apply to any other property or assets of a Loan Party and (iii) such Lien secures only those obligations which it secures on the date of such acquisition or the date such Person becomes a Loan Party or a

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Restricted Subsidiary, as the case may be, and extension, renewals and replacements of any such obligations that comply with the requirements with respect to extensions, renewals and replacements of Indebtedness pursuant to Section 6.01(a) above;

(f) Liens for taxes and Statutory Prior Liens for Statutory Prior Claims not yet due or delinquent or which are being contested in compliance with Section 5.03 ;

(g) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business and securing obligations that are not due and payable by more than 30 days or which are being contested in compliance with Section 5.03 ;

(h) pledges and deposits made in the ordinary course of business in compliance with workmen’s compensation, unemployment insurance and other social security laws or regulations;

(i) deposits to secure the performance of bids, trade contracts (other than for Indebtedness), leases (other than Capital Lease Obligations), statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business;

(j) zoning restrictions, easements, rights-of-way, encroachments, restrictions on use of real property and other similar encumbrances incurred in the ordinary course of business which, in the aggregate, are not substantial in amount and do not materially detract from the value of the property subject thereto or interfere with the ordinary conduct of the business of the Borrowers or any of their Restricted Subsidiaries;

(k) Liens on real property, improvements thereto or equipment hereafter acquired (or, in the case of improvements, constructed) by the Borrowers or any Restricted Subsidiary; provided that (i) such security interests secure Indebtedness permitted by Section 6.01 , (ii) such security interests are incurred, and the Indebtedness secured thereby is created, within 90 days after such acquisition (or construction), (iii) the Indebtedness secured thereby does not exceed the cost of such real property, improvements or equipment at the time of such acquisition (or construction) and, (iv) such security interests do not apply or attach to any other property or assets of the Borrowers or any Restricted Subsidiary;

(l) judgment Liens securing judgments not constituting an Event of Default under Article VII;

(m) Liens on assets of Foreign Subsidiaries (other than Canadian Subsidiaries) and other Excluded Subsidiaries described in clause (a), (b) or (c) of the definition of such term; provided that such Liens do not extend to, or encumber, assets that constitute Collateral;

(n) Liens securing the ABL Credit Facility, so long as such Liens are subject to the Intercreditor Agreement;

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

(p) Liens arising out of sale and leaseback transactions permitted by Section 6.03;

(q) any interest of title of a lessor under, and Liens relating to Uniform Commercial Code or Personal Property Security Act financing statements (or equivalent filings, registrations or agreements in foreign jurisdictions) in connection with, leases permitted by this Agreement;

(r) Liens granted by any Subsidiary that is not a Loan Party in favor of either Borrower or another Loan Party in respect of Indebtedness owed by such Subsidiary;

(s) all reservations in the original grant from the Crown in right of Canada or any province or territory thereof of any lands or interests therein and all statutory exceptions, qualifications and reservations in respect of title with respect thereto;

(t) security given by any Loan Party or Restricted Subsidiary to a public utility or any municipality or governmental or other public authority when required by such public utility or municipality or other governmental authority in the ordinary course of business of any Loan Party or Restricted Subsidiary in connection with such Loan Party’s or Restricted Subsidiary’s operations; provided such security does not either alone or in the aggregate materially detract from the value of the property or assets affected thereby or materially impair its use in the conduct of such Loan Party’s or Restricted Subsidiary’s business;

(u) the right reserved to or vested in any municipality or governmental of other public authority by the terms of any lease, license, franchise, grant or permit acquired by any Loan Party or Restricted Subsidiary or by any statutory provision to terminate any such lease, license, franchise, grant or permit or to require annual or other periodic payments as a condition of the continuance thereof;

(v) subdivision agreements, site plan control agreements, development agreements, servicing agreements, utility agreements and other similar agreements with a Governmental Authority or public utilities that do not materially impair the use, operation or marketability of any of the subject Mortgaged Property, provided such have in each case been complied with in all material respects;

(w) any rights of expropriation, access or user or any similar rights conferred or reserved by or in any statutes of any Governmental Authority; and

(x) other Liens securing liabilities hereunder in an aggregate amount not to exceed US$35,000,000 at any time outstanding.

Section 6.03 Sale and Lease-Back Transactions . Enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter

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rent or lease such property or other property which it intends to use for substantially the same purpose or purposes as the property being sold or transferred, except for (a) sales or transfers of such property permitted by Section 6.05 and (b) any Capital Lease Obligations or Liens arising in connection therewith are permitted by Sections 6.01 and 6.02 , as the case may be.

Section 6.04 Investments, Loans and Advances . Purchase, hold or acquire any Equity Interests, evidences of indebtedness or other securities of, make or permit to exist any loans or advances to, or make or permit to exist any investment or any other interest in, any other Person (each, an “ Investment ”), except:

(a) Investments made after the date hereof by: (i) a US Loan Party in any other US Loan Party; (ii) a Canadian Loan Party in any other Canadian Loan Party; or (iii) a US Loan Party in a Canadian Loan Party so long as, in the case of this subclause (iii): (A) (1) the aggregate amount of such Investments (together with the aggregate Indebtedness and Guarantees outstanding pursuant to Section 6.01(k)) shall not exceed at any time outstanding US$75,000,000 or (2) the amount of any such Investment did not exceed the Available Amount at the time of such Investment (in each case determined without regard to any write-downs or write-offs) and (B) no Event of Default has occurred and is continuing at the time of such Investment or would result therefrom;

(b) Permitted Investments;

(c) Investments made after the date hereof by a Loan Party in any Foreign Subsidiary, other Excluded Subsidiary, Unrestricted Subsidiary or in any Intermediate Holding Company which owns directly, or through one or more subsidiaries, a Foreign Subsidiary, other Excluded Subsidiary or Unrestricted Subsidiary (whether consisting of (i) Investments in existing Foreign Subsidiaries, Excluded Subsidiaries, Unrestricted Subsidiaries (or Intermediate Holding Companies) or (ii) the acquisition or formation of any new Foreign Subsidiary, other Excluded Subsidiary or Unrestricted Subsidiary (or Intermediate Holding Company)), so long as: (A) (1) the aggregate amount of such Investments (together with the aggregate Indebtedness and Guarantees outstanding pursuant to Section 6.01(l)) shall not exceed at any time outstanding US$75,000,000 or (2) the amount of any such Investment did not exceed the Available Amount at the time of such Investment (in each case determined without regard to any write-downs or write-offs) and (B) no Event of Default has occurred and is continuing at the time of such Investment, or would result therefrom;

(d) Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with, customers and suppliers, in each case in the ordinary course of business;

(e) the Credit Parties may make loans and advances (i) to employees of the Loan Parties on an arms-length basis in the ordinary course of business consistent with past practices for travel and entertainment expenses, relocation costs and similar purposes up to a maximum of US$1,000,000 in the aggregate at any one time outstanding and (ii) to executive officers of Holdings on an arms-length basis in the ordinary course of business to permit such officers to purchase Equity Interests in Holdings (or to exercise options to purchase Equity

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Interests in Holdings) up to a maximum of US$5,000,000 in the aggregate at any one time outstanding;

(f) the Borrowers and the Restricted Subsidiaries may enter into Hedging Agreements that are permitted by Section 6.01(h) ;

(g) the Borrowers or any Restricted Subsidiary may acquire all or substantially all the assets of a Person or line of business of such Person, or not less than 100% of the Equity Interests (other than directors’ qualifying shares) of a Person (referred to herein as the “ Acquired Entity ”); provided that (i) the Acquired Entity (or line of business acquired) shall be in a similar line of business as that of the Borrowers and the Restricted Subsidiaries as conducted during the current and most recent calendar year (and any such assets acquired shall be used or useful in such line of business or reasonably related thereto or a logical extension thereof); and (ii) at the time of such transaction (A) both before and after giving effect thereto, no Default or Event of Default shall have occurred and be continuing; (B) the total consideration paid in connection with such acquisition and any other acquisitions pursuant to this Section 6.04(g) (including any Indebtedness of the Acquired Entity that is assumed by the Borrowers or any Subsidiary following such acquisition and any payments following such acquisition pursuant to earn-out provisions or similar obligations) in which the Acquired Entity is designated as an Unrestricted Subsidiary or is otherwise an Excluded Subsidiary or to the extent such acquired line of business or assets do not become Collateral shall not in the aggregate exceed an amount equal to the sum of, without duplication, (1) the Available Amount, plus (2) other than in the case in which an Acquired Entity is to be designated as an Unrestricted Subsidiary, the aggregate amount of Indebtedness incurred by the Credit Parties under Section 6.01(g), (k), (l), (m), (n), (o), (p) and (r) , in each case raised or incurred solely for the purpose of financing the proposed acquisition (it being understood and agreed that the designation of any Acquired Entity as an Unrestricted Subsidiary is subject to the satisfaction of the terms set forth in Section 6.12 ); (C) if the total consideration paid in connection with such acquisition exceeds US$35,000,000, the US Borrower shall have delivered a certificate of a Financial Officer, certifying as to the foregoing clauses (i) and (ii) and containing reasonably detailed calculations in support thereof, in a form reasonably satisfactory to the Administrative Agent; and (D) the Borrowers shall comply, and shall cause the Acquired Entity to comply, with the applicable provisions of Section 5.12 and the Security Documents (any acquisition of an Acquired Entity meeting all the criteria of this Section 6.04(g) being referred to herein as a “ Permitted Acquisition ”);

(h) subject to the provisions of the Security Documents, notes payable, or stock or other securities issued by account debtors to a Loan Party pursuant to negotiated agreements with respect to settlement of such account debtor’s accounts receivable in the ordinary course of business, consistent with past practices;

(i) Investments received in connection with the dispositions of assets permitted by Section 6.05 ;

(j) Investments in existence on the date hereof (including Investments by the Loan Parties in Equity Interests in their respective Subsidiaries) and set forth in Schedule 6.04;

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(k) Investments constituting deposits described in Section 6.02(k) and Section 6.02(l) ;

(l) Investments constituting Indebtedness permitted under Section 6.01(h) or 6.01(k) ;

(m) the formation by (i) any US Loan Party of any Domestic Subsidiary, Canadian Subsidiary or Foreign Subsidiary, (ii) any Canadian Loan Party of any Canadian Subsidiary or Foreign Subsidiary, and (iii) any Foreign Subsidiary of any other Foreign Subsidiary, so long as, in each case: (x) the contribution or investment of any assets in such Person comply with the provisions of this Section 6.04 , (y) the Loan Parties comply with Section 5.12 , and (z) no Event of Default has occurred and is continuing or would result after giving effect to such formation;

(n) Guarantees by Holdings or the US Borrower of obligations of Canadian Subsidiary Guarantors or Foreign Subsidiaries incurred in the ordinary course of business and not constituting Indebtedness;

(o) additional Investments by any Credit Party so long as (i) the aggregate amount invested, loaned or advanced pursuant to this paragraph (j) (determined without regard to any write-downs or write-offs of such investments, loans and advances) does not exceed, in the aggregate, the Available Amount and (ii) no Event of Default has occurred and is continuing at the time of such Investment or would result therefrom;

(p) the Acquisition; and

(q) the Transaction Related Intercompany Notes and the other Investments contemplated by the Intercompany Step Transactions.

Section 6.05 Mergers, Consolidations, Sales of Assets and Acquisitions . (a) Merge into or consolidate or amalgamate with any other Person, or permit any other Person to merge into or consolidate or amalgamate with it, or liquidate or dissolve (and distribute its assets), except that, if at the time thereof and immediately after giving effect thereto no Event of Default shall have occurred and be continuing (i) any US Loan Party may merge into another US Loan Party so long as in a transaction in which the US Borrower is involved, the US Borrower is the surviving corporation, (ii) any Canadian Loan Party may merge or amalgamate into another Canadian Loan Party so long as, except as expressly contemplated by the Post-Closing Amalgamation Transactions, in a transaction in which the Canadian Borrower is involved, the Canadian Borrower is the surviving corporation, (iii) TVC Canada Corp. may merge or amalgamate into any US Loan Party or any Canadian Cross-Border Guarantor or WDCH, LP may liquidate or dissolve TVC Canada Corp., (iv) any Subsidiary that is an Unrestricted Subsidiary or an Excluded Subsidiary may liquidate or dissolve (and distribute its assets to its immediate parent) if Holdings determines in good faith that such liquidation or dissolution is in the best interests of the Borrowers, is otherwise permitted under this Agreement and is not materially disadvantageous to the Lenders, (v) any Subsidiary may transfer its assets to a Loan Party (other than a Netherlands Subsidiary Guarantor), any Subsidiary which is not a Loan Party may transfer its assets to another Subsidiary that is not a Loan Party and any Netherlands

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Subsidiary Guarantor may transfer its assets to a Loan Party, (vi) the Loan Parties may consummate the Post-Closing Amalgamation Transactions, provided that the Administrative Agent receives substantially contemporaneously therewith a ratification and confirmation agreement to confirm that each resulting entity has succeeded to and is bound by all of the obligations of each Canadian Loan Party party to such amalgamation under the Loan Documents, together with such other reaffirmations, joinders, other agreements, filings, legal opinions and other documents as reasonably requested by Administrative Agent to reaffirm the obligations of each applicable Loan Party hereunder and under the other applicable Loan Documents and to continue the validity, perfection and priority of the Administrative Agent’s Liens in the Collateral of each such Loan Party after giving effect to such amalgamation (including with respect to any Company Related Party or other entity resulting from the Post-Closing Amalgamations), all of which shall be satisfactory in form and substance to the Administrative Agent, (vii) any Credit Party (other than Holdings or a Borrower) may liquidate or dissolve so long as the assets and properties of such Credit Party are received by or distributed to another Credit Party organized or formed in the same country as such dissolving or liquidating Credit Party and such dissolution or liquidation would not reasonably be expected to have a Material Adverse Effect, and (viii) any Loan Party may merge or amalgamate with any other Person in connection with the consummation of a Permitted Acquisition so long as (A) no Change of Control results therefrom, (B) in the case of a merger of any Loan Party with any other Person, such Loan Party is the surviving entity or, in the case such Loan Party is not Holdings or a Borrower, such other Person is the surviving entity, so long as such Person shall be organized in the same jurisdiction as such Loan Party and shall substantially contemporaneously with the consummation of such merger become a Loan Party hereunder and otherwise comply with the requirements of Section 5.12 hereof and of the Security Documents (including the execution and delivery by such Person and its parent of joinders, pledges, reaffirmations, and other agreements, legal opinions and certificates as reasonably requested by the Administrative Agent), and (C) in the case of the amalgamation of any Canadian Loan Party (the “ Constituent Canadian Loan Party ”) with any other Person, the entity resulting from such amalgamation shall confirm in writing that it is a Canadian Loan Party and has succeeded to and is bound by all of the obligations of the Constituent Canadian Loan Party under the Loan Documents in the same manner and to the same extent as the Constituent Canadian Loan Party was so bound immediately prior to such amalgamation and shall take such other actions and execute and deliver such other documents as the Administrative Agent may reasonably request to ratify and confirm such obligations and the continuing validity, perfection and priority of the Administrative Agent’s Liens in the Collateral of the Constituent Canadian Loan Party after giving effect to such amalgamation, all of which shall be satisfactory in form and substance to the Administrative Agent.

(b) Make or consummate any Asset Sale except,

(i) Asset Sales from (A) any US Loan Party to any other US Loan Party, (B) any Canadian Loan Party to any Loan Party (other than a Netherlands Subsidiary Guarantor) or (C) any Netherlands Subsidiary Guarantor to any Loan Party;

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(ii) sales of Accounts by the US Loan Parties to Receivables SPV pursuant to and in accordance with the Receivables Securitization Documents;

(iii) sales, transfers and dispositions of Accounts in connection with the compromise, settlement or collection thereof;

(iv) dispositions resulting from any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or similar proceeding of, any property or asset of either Borrower or any Restricted Subsidiary;

(v) the licensing, on a non-exclusive basis, of patents, trademarks, copyrights, and other intellectual property rights in the ordinary course of business;

(vi) the granting of Liens permitted by Section 6.02

(vii) sales, transfers and other dispositions of real property, equipment or other fixed or capital assets in the ordinary course of business or consistent with past practice that are no longer used or useful to the business operations of the Loan Parties;

(viii) sales, transfers and dispositions to the extent constituting Investments permitted under Section 6.04 (other than sales of Equity Interests in Loan Parties or in any parent of any Loan Party);

(ix) any sales, transfers or other dispositions by Loan Parties and Subsidiaries to other Loan Parties and Subsidiaries contemplated by the Intercompany Step Transactions; and

(x) so long as no Event of Default has occurred and is continuing or would result therefrom, Asset Sales that are not permitted by any other paragraph of this Section, provided that the aggregate fair market value of all Asset Sales made in reliance upon this paragraph (ix) shall not exceed US$35,000,000 during any fiscal year of Holdings, provided further that, subject to the condition set forth at the beginning of this paragraph (ix), any portion of the basket amount set forth in the foregoing proviso that is not utilized by the Loan Parties in any particular fiscal year may be carried forward and utilized in the immediately succeeding fiscal year of Holdings;

provided that all Asset Sales permitted by clauses (vii) or (x) shall be made for fair value and for consideration at least 75% of which is cash or cash equivalents.

Section 6.06 Restricted Payments . Declare or make, or agree to declare or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so; provided , however , that

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(i) each Loan Party and each Restricted Subsidiary may declare and pay dividends with respect to its common stock payable solely in additional shares of its common stock, and, with respect to its preferred stock, payable solely in additional shares of such preferred stock or in shares of its common stock;

(ii) any US Loan Party may make dividends to any other US Loan Party;

(iii) any Canadian Loan Party (other than the Canadian Borrower) may make dividends to any other Canadian Loan Party or any US Loan Party;

(iv) any Unrestricted Subsidiary (A) may make dividends or distributions to any other Unrestricted Subsidiary or (B) to any Loan Party;

(v) any Subsidiary (including any Foreign Subsidiary or other Excluded Subsidiary) may make dividends to any direct holder of its Equity Interests; provided that (A) such dividends are made ratably to all such holders, (B) if any Intermediate Holding Company receives any dividend at any time, then substantially contemporaneously with its receipt of such dividend, such Intermediate Holding Company shall use all of the proceeds thereof to make a dividend to a Loan Party or to another Intermediate Holding Company and (C) Holdings may not make any Restricted Payments other than as provided in clause (vi) of this Section;

(vi) so long as no Event of Default or Default shall have occurred and be continuing or would result therefrom, (A) Holdings may repurchase its Equity Interests owned by employees of Holdings or make payments to employees of Holdings upon termination of employment in connection with the exercise of stock options, stock appreciation rights or similar equity incentives or equity based incentives pursuant to management incentive plans or in connection with the death or disability of such employees in an aggregate amount not to exceed US$10,000,000 plus the Available Amount in any fiscal year, and (B) Holdings may make any Restricted Payment not otherwise permitted hereunder, including dividends by Holdings to the holders of its Equity Interests and repurchases by Holdings of its Equity Interests (in public or private transactions, including tender and exchange offers) so long as (1) such dividends and repurchases are made in accordance with applicable law and (2) the amount of all Restricted Payments made pursuant to this subclause (B) does not exceed the Available Amount; provided that the foregoing shall not operate to prevent the making of dividends or repurchases previously declared by Holdings so long as (x) at the declaration date, such dividend or repurchase was permitted by the foregoing and (y) such dividend or repurchase is consummated within the earlier of 60 days and any date under applicable law on which such dividend or repurchase must be consummated.

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(vii) Restricted Payments expressly contemplated by and necessary to consummate the Acquisition and the Intercompany Step Transactions.

Section 6.07 Transactions with Affiliates . Except for transactions otherwise expressly permitted by this Agreement, sell or transfer any property or assets to, or purchase or acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates, except that the Borrowers or any Restricted Subsidiary may engage in any of the foregoing transactions: (a) transactions in the ordinary course of business at prices and on terms and conditions not less favorable to the applicable Borrower or such Restricted Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties, (b) transactions between or among: (i) any US Loan Parties or (ii) any Canadian Loan Parties, (c) investments permitted by Section 6.04(a) or (c) , (d) Indebtedness permitted under Section 6.01(c), (j), (k) or (l) , (e) Restricted Payments permitted by Section 6.06, (f) loans or advances to employees permitted under Section 6.04(e) , (g) the payment of reasonable fees to directors of any Loan Party who are not employees of such Loan Party, and compensation and employee benefit arrangements paid to, and indemnities provided for the benefit of, directors, officers or employees of the Loan Parties in the ordinary course of business, the Acquisition and the Intercompany Step Transactions, and (h) any issuances of securities or other payments, awards or grants in cash, securities or otherwise pursuant to, or the funding of, employment agreements, stock options and stock ownership plans approved by Holdings’ board of directors.

Section 6.08 Business of Holdings, Borrowers and Subsidiaries . (a) Holdings will not engage in any business or activity other than the ownership of Equity Interests in its Subsidiaries (including the US Borrower) and activities and liabilities incidental thereto (including the Subordinated Notes, the ABL Credit Facility and pursuant to the US Collateral Agreement). Holdings will not own or acquire any material assets (other than Equity Interests in its Subsidiaries and the cash proceeds of any Restricted Payments permitted by Section 6.06) or incur any liabilities (other than liabilities under the Loan Documents, Indebtedness permitted under Section 6.01, and liabilities reasonably incurred in connection with its maintenance of its existence).

(b) No Loan Party will, nor will it permit any of its Restricted Subsidiaries, to engage in any business other than businesses substantially similar to the type conducted by the Loan Parties on the date of execution of this Agreement and businesses reasonably related thereto and logical extensions thereof.

(c) Receivables SPV will not engage in any business or activity other than the ownership and disposition of accounts receivable sold to it by the US Loan Parties pursuant to the Receivables Securitization Documents and the incurrence of Indebtedness pursuant to the Receivables Securitization Documents and activities incidental thereto. Receivables SPV shall not own or acquire any material assets other than accounts receivable sold to it by the US Loan Parties and the proceeds received from the sale thereof or incur any liabilities, in each case, except pursuant to and in accordance with the Receivables Securitization Documents (other than liabilities reasonably incurred in connection with its maintenance of its existence).

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(d) The Real Estate Subsidiaries will not engage in any business or activity other than the ownership and leasing of real property (and the fixtures and equipment located thereon) and, until March 1, 2013, the incurrence of Indebtedness pursuant to the Real Estate Loan Agreements as in effect on the date hereof and thereafter pursuant to the Loan Documents or as otherwise permitted by Section 6.01(e), and activities incidental thereto until March 1, 2013. The Real Estate Subsidiaries will not own or acquire any material assets other than real property (and the fixtures and equipment located thereon) or incur any liabilities, in each case, except pursuant to and in accordance with the Real Estate Loan Agreements as in effect on the date hereof and until the maturity thereof, and thereafter subject solely to the covenants of the Loan Documents other than this Section 6.08(d) .

(e) Unless such entity shall have complied with the applicable provisions of Section 5.12 within the time periods set forth in such Section and except as otherwise contemplated by the Intercompany Step Transactions:

(i) TVC International Holding, LLC, WESCO Distribution III ULC, and Carlton Bates Company of Texas GP, Inc. will not engage in any business or activity and will not own or acquire any material assets or incur any liabilities (other than liabilities reasonably incurred in connection with the maintenance of their existence);

(ii) TVC Canada Corp. will not engage in any business or activity other than the ownership of Equity Interests in WESCO Distribution Canada Co. and activities incidental thereto; and

(iii) TVC Canada Corp. will not own or acquire any material assets (other than Equity Interests in WESCO Distribution Canada Co.) or incur any liabilities (other than Indebtedness under the Loan Documents and liabilities reasonably incurred in connection with the maintenance of its existence).

(f) WDINESCO II B.V. will not engage in any business or activity other than the ownership of Equity Interests in WDCH, LP and in Excluded Subsidiaries and Unrestricted Subsidiaries and activities incidental thereto. WDINESCO II B.V. will not own or acquire any material assets (other than Equity Interests in WDCH, LP and in Unrestricted Subsidiaries and Excluded Subsidiaries and intercompany Indebtedness owing from Holdings or one or more of its Subsidiaries to WDINESCO II B.V.) or incur any liabilities (other than liabilities reasonably incurred in connection with the maintenance of its existence and intercompany Indebtedness owing from WDINESCO II B.V. to Holdings or one or more of its Subsidiaries).

(g) WDINESCO II C.V. will not engage in any business or activity other than the ownership of Equity Interests in WDINSESCO C.V. and in Excluded Subsidiaries and Unrestricted Subsidiaries and activities incidental thereto. WDINESCO II C.V. will not own or acquire any material assets (other than Equity Interests in WDINESCO C.V. and in Excluded Subsidiaries and Unrestricted Subsidiaries and intercompany Indebtedness owing from Holdings or one or more it its Subsidiaries to WDINESECO II C.V.) or incur any liabilities (other than

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liabilities reasonably incurred in connection with the maintenance of its existence and intercompany Indebtedness owing from WDINESCO II C.V. to Holdings or one or more of its Subsidiaries).

(h) WDINESCO C.V. will not engage in any business or activity other than the ownership of Equity Interests in WESCO Distribution Canada GP Inc. and WESCO Distribution Canada LP and in Excluded Subsidiaries and Unrestricted Subsidiaries and activities incidental thereto. WDINESCO C.V. will not own or acquire any material assets (other than Equity Interests in WESCO Distribution Canada GP Inc. and WESCO Distribution Canada LP and in Excluded Subsidiaries and Unrestricted Subsidiaries and intercompany Indebtedness owing to WDINESCO C.V. from Holdings or one or more of its Subsidiaries) or incur any liabilities (other than liabilities reasonably incurred in connection with the maintenance of its existence and intercompany Indebtedness owing from WDINESCO C.V. to Holdings or one or more of its Subsidiaries).

(i) WDINESCO III C.V. will not engage in any business or activity other than the ownership of Equity Interests in WDINESCO II C.V. and in Excluded Subsidiaries and Unrestricted Subsidiaries and activities incidental thereto. WDINESCO III C.V. will not own or acquire any material assets (other than Equity Interests in WDINESCO II C.V. and in Excluded Subsidiaries and Unrestricted Subsidiaries and intercompany Indebtedness owing to WDINESCO III C.V. from Holdings or one or more of its Subsidiaries) or incur any liabilities (other than liabilities reasonably incurred in connection with the maintenance of its existence and intercompany Indebtedness owing from WDINESCO III C.V. to Holdings or one or more of its Subsidiaries).

(j) WDINESCO III B.V. will not engage in any business or activity other than the ownership of Equity interests in the Canadian Borrower and in Excluded Subsidiaries and Unrestricted Subsidiaries and activities incidental thereto. WDINESCO III B.V. will not own or acquire any material assets (other than Equity Interests in the Canadian Borrower and in Excluded Subsidiaries and Unrestricted Subsidiaries and intercompany Indebtedness owing to WDINESCO III B.V. from Holdings or one or more of its Subsidiaries) or incur any liabilities (other than liabilities reasonably incurred in connection with the maintenance of its existence and intercompany Indebtedness owing from WDINESCO III B.V. to Holdings or one or more of its Subsidiaries).

Section 6.09 Other Indebtedness and Agreements; Restrictive Agreements . (a) Permit any waiver, supplement, modification or amendment of (x) its certificate of incorporation, by-laws, operating, management or partnership agreement or other organizational documents, (y) the Subordinated Note Documents, the Real Estate Loan Agreements or Transaction Related Intercompany Notes, in each case to the extent any such waiver, supplement, modification or amendment would be adverse to the Lenders in any material respect, or (z) the Receivables Securitization Documents, except as permitted by the Amended and Restated Receivables Intercreditor Agreement. No Loan Party will forgive, cancel or set off against any obligation or liability against or otherwise compromise any Transaction Related Intercompany Note.

(b) Make any distribution, whether in cash, property, securities or a combination thereof, other than regular scheduled payments of principal and interest as and when

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due (to the extent not prohibited by applicable subordination provisions), in respect of, or pay, or directly or indirectly redeem, repurchase, retire or otherwise acquire for consideration, any Subordinated Indebtedness or (ii) pay in cash any amount in respect of any Subordinated Indebtedness or preferred Equity Interests that may at the obligor’s option be paid in kind or in other securities, except:

(i) payment by Holdings or US Borrower in respect of any conversion, put or mandatory repurchase obligation with respect to the 2029 Convertible Debentures arising under Section 10.01(a)(1) or 10.01(a)(8) of the 2029 Convertible Debentures Indenture; provided that, in the event the aggregate amount expended under this clause (i) exceeds US$5,000,000 in any fiscal year, the amount in excess of US $5,000,000 shall reduce the Available Amount (regardless of whether, following such reduction, the Available Amount would be negative);

(ii) payment, prepayment, redemption, retirement, acquisition, cancellation, termination or repurchase of any Subordinated Indebtedness, in an amount up to the Available Amount, so long as no Default or Event of Default has occurred and is continuing;

(iii) refinancing of Subordinated Indebtedness to the extent permitted by Section 6.01; and

(iv) payment of secured Indebtedness incurred pursuant to Section 6.01(a), (d), (e), (g) or (m)  that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness;

provided that (A) such Indebtedness is permitted by Section 6.01 and (B) no Loan Party shall be permitted to make any payment in respect of any Indebtedness to any Affiliate which is not a Loan Party if (x) an Event of Default has occurred and is continuing or would result therefrom or (y) such payment would be prohibited by the subordination provisions of such Indebtedness.

(c) Enter into, incur or permit to exist any agreement or other arrangement that prohibits, restricts or imposes any condition upon (i) the ability of any Loan Party or any Restricted Subsidiary (other than an SPV) to create, incur or permit to exist any Lien upon any of its property or assets, (ii) the ability of any Loan Party or any Restricted Subsidiary to pay dividends or other distributions with respect to any of its Equity Interests, (iii) the ability of any Loan Party or any Restricted Subsidiary to make or repay loans or advances to a Loan Party or any Restricted Subsidiary or (iv) the ability of any Loan Party or Restricted Subsidiary (other than an SPV) to Guarantee Indebtedness of a Loan Party or any Restricted Subsidiary; provided that (A) the foregoing shall not apply to restrictions and conditions imposed by law or by any Loan Document, (B) the foregoing shall not apply to customary restrictions and conditions contained in agreements relating to the sale of a Restricted Subsidiary pending such sale, provided such restrictions and conditions apply only to the Restricted Subsidiary that is to be sold and such sale is permitted hereunder, (C) the foregoing shall not apply to restrictions and conditions imposed on any Foreign Subsidiary (other than any Canadian Subsidiary Guarantor) by the terms of any Indebtedness of such Foreign Subsidiary (other than any Canadian

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Subsidiary Guarantor) permitted to be incurred hereunder, (D) clause (i) of the foregoing shall not apply to restrictions or conditions imposed by any agreement relating to secured Indebtedness permitted by this Agreement if such restrictions or conditions apply only to the property or assets securing such Indebtedness, (E) clause (i) of the foregoing shall not apply to customary provisions in leases and other contracts restricting the assignment thereof, (F) the foregoing shall not apply to restrictions and conditions existing on the date hereof with respect to documents identified on Schedule 6.09(c) or any extension or renewal of, or any amendment, modification or replacement of such documents (to the extent such extension, renewal, amendment, modification or replacement is not prohibited by this Agreement) which does not expand the scope of, any such restriction or condition), (G) clause (i) of the foregoing shall not apply to restrictions or conditions imposed by any agreement relating to secured Indebtedness permitted by this Agreement if such restrictions or conditions apply only to the property or assets securing such Indebtedness, and (H) clause (i) of the foregoing shall not apply to customary provisions in leases restricting the assignment thereof.

Section 6.10 Fiscal Year . With respect to Holdings and the other Credit Parties, change their fiscal year-end to a date other than December 31 other than a change of any Company Related Party to a fiscal year-end of December 31.

Section 6.11 Certain Equity Securities . Issue any Equity Interest, except (a) Holdings may issue Qualified Capital Stock and, to the extent permitted by Section 6.01 , Disqualified Stock, and (b) Holdings, the US Borrower or any Restricted Subsidiary may issue Equity Interests for stock splits, stock dividends and additional issuances of Equity Interests which do not decrease the percentage ownership of any Credit Party in such Person or in any class of Equity Interests of such Person.

Section 6.12 Designation of Subsidiaries . Designate any Restricted Subsidiary of a Borrower (other than the Canadian Borrower) as an Unrestricted Subsidiary of such Borrower unless (i) such Borrower delivers a written notice to the Administrative Agent of such designation, (ii) immediately before and after such designation, no Default or Event of Default shall have occurred and be continuing, (iii) immediately after giving effect to such designation, the Total Leverage Ratio is less than 4.75 : 1.00 and the Secured Leverage Ratio is less than 3.00 : 1.00, in each case as of the last day of the most recently completed period of four consecutive fiscal quarters ending prior to the date of such designation for which the financial statements and certificates required by Section 5.04(a) or 5.04(b), as the case may be, and Section 5.04(c), have been delivered and, as a condition precedent to the effectiveness of any such designation such Borrower shall deliver to the Administrative Agent a certificate setting forth in reasonable detail the calculations demonstrating such compliance, (iv) such Subsidiary is not designated as a “Restricted Subsidiary” (or the equivalent) for the purpose of the Subordinated Note Documents or the ABL Credit Facility and is not otherwise generally subject to the representations, warranties, covenants and events of default under such Subordinated Note Documents or ABL Credit Facility, (v) such Restricted Subsidiary and its subsidiaries do not own any Equity Interests or Indebtedness of, or own or hold any Lien on, any property of any Credit Party (other than any subsidiary of the Subsidiary to be so designated) or (vi) such Subsidiary’s subsidiaries have not at the time of designation, and do not, thereafter, create, incur, issue, assume, guarantee, or otherwise become directly or indirectly liable with respect to any Indebtedness pursuant to which the lender has recourse to any of the assets of any Credit Party. The designation of any

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Subsidiary as an Unrestricted Subsidiary shall constitute an Investment therein by such Borrower and its Restricted Subsidiaries, as applicable, at the date of designation in an amount equal to the fair market value of the applicable parties’ investment therein (the fair market value of such investment to be calculated without regard to any guarantee provided by such designated or re-designated Unrestricted Subsidiary). The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute (i) the incurrence at the time of designation of any Investment, Indebtedness or Liens of such Subsidiary existing at such time and (ii) a return on any Investment by such Borrower or any Restricted Subsidiary in Unrestricted Subsidiaries pursuant to the preceding sentence in an amount equal to the fair market value at the date of such designation of such Borrower’s and its Restricted Subsidiaries’ (as applicable) Investment in such Subsidiary. Notwithstanding anything to the contrary herein, any Unrestricted Subsidiary that has been redesignated as a Restricted Subsidiary may not be subsequently redesignated as an Unrestricted Subsidiary.

ARTICLE VII

Events of Default

Section 7.01 Events of Default . In case of the happening of any of the following events (“ Events of Default ”):

(a) any representation or warranty made or deemed made in or in connection with any Loan Document or the borrowings hereunder, or any representation, warranty, statement or information contained in any report, certificate, financial statement or other instrument furnished in connection with or pursuant to any Loan Document, shall prove to have been incorrect in any material respect when so made, deemed made or furnished;

(b) default shall be made in the payment of any principal of any Term Loan when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or by acceleration thereof or otherwise;

(c) default shall be made in the payment of any interest on any Term Loan or any other amount (other than an amount referred to in (b) above) due under any Loan Document, when and as the same shall become due and payable, and such default shall continue unremedied for a period of three Business Days;

(d) default shall be made in the due observance or performance by any Loan Party or any Restricted Subsidiary of any covenant, condition or agreement contained in Section 5.01(a) , 5.02 , 5.05 or 5.08 or in Article VI ;

(e) default shall be made in the due observance or performance by any Loan Party or any Restricted Subsidiary of any covenant, condition or agreement contained in any Loan Document (other than those specified in (b), (c) or (d) above) and such default shall continue unremedied for a period of 30 days after the earlier of (i) notice thereof from the Administrative Agent to the US Borrower (which notice shall also be given at the request of any Lender) or (ii) knowledge thereof of any Loan Party;

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(f) (i) any Loan Party or any Restricted Subsidiary shall fail to pay any principal or interest, regardless of amount, due in respect of any Material Indebtedness, when and as the same shall become due and payable after any applicable grace period, or (ii) any other event or condition occurs that results in any Material Indebtedness becoming due or terminating prior to its scheduled maturity or that enables or permits (with or without the giving of notice, the lapse of time or both) the holder or holders of any such Material Indebtedness or any trustee or agent on its or their behalf to cause any such Material Indebtedness to become due, or to require the prepayment, repurchase, redemption, termination or defeasance thereof, prior to its scheduled maturity; provided that this clause (ii) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness;

(g) an involuntary proceeding shall be commenced or an involuntary petition shall be filed in a court of competent jurisdiction seeking (i) relief in respect of any Loan Party or any Significant Subsidiary, or of a substantial part of the property or assets of any Loan Party or a Significant Subsidiary, under Title 11 of the United States Code, as now constituted or hereafter amended, or any other federal, state, provincial or foreign bankruptcy, insolvency, receivership or similar law, (ii) the appointment of a receiver, receiver and manager, trustee, custodian, sequestrator, conservator, monitor or similar official for a Loan Party or any Significant Subsidiary or for a substantial part of the property or assets of a Loan Party or a Significant Subsidiary or (iii) the winding-up, dissolution or liquidation of a Loan Party or any Significant Subsidiary and such proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered;

(h) any Loan Party or any Significant Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking relief under Title 11 of the United States Code, as now constituted or hereafter amended, or any other federal, state, provincial or foreign bankruptcy, insolvency, receivership or similar law, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or the filing of any petition described in (g) above, (iii) apply for or consent to the appointment of a receiver, receiver and manager, trustee, custodian, sequestrator, conservator, monitor or similar official for a Loan Party or any Significant Subsidiary or for a substantial part of the property or assets of a Loan Party or any Significant Subsidiary, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors, (vi) become unable, admit in writing its inability or fail generally to pay its debts as they become due, (vii) effect or implement any plan of arrangement under any corporations statute seeking a compromise or an arrangement with respect to creditors or any class of creditors of such Loan Party, or (viii) take any action for the purpose of effecting any of the foregoing;

(i) one or more judgments for the payment of money in an aggregate amount in excess of US$35,000,000 (to the extent not covered by insurance as to which the relevant insurance company has not disputed coverage) shall be rendered against any Loan Party or any Restricted Subsidiary or any combination thereof and the same shall remain undischarged for a period of 30 consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to levy upon assets or properties of a Loan Party or any Restricted Subsidiary to enforce any such judgment or any Loan Party shall fail within 30 days to discharge one or more non-monetary judgments or orders which, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect, which

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judgments or orders, in any such case, are not stayed on appeal or otherwise being appropriately contested in good faith by proper proceedings diligently pursued;

(j) (i) an ERISA Event shall have occurred that, in the opinion of the Required Lenders, when taken together with all other such ERISA Events that have occurred, could reasonably be expected to have a Material Adverse Effect or (ii) a Pension Event shall occur which, in the Administrative Agent’s determination, constitutes grounds for the termination under any applicable law, of any Canadian Pension Plan or for the appointment by the appropriate Governmental Authority of a trustee for any Canadian Pension Plan, or if any Canadian Pension Plan shall be terminated or any such trustee shall be requested or appointed, or if a Loan Party or any of its Subsidiaries is in default with respect to payments to a Multiemployer Plan or Canadian Pension Plan resulting from their complete or partial withdrawal from such Canadian Pension Plan, or any Canadian Loan Party is in default of or with respect to any required contributions to a Canadian Pension Plan or any Lien arises (except for contribution amounts not yet due) in connection with any Canadian Pension Plan and any such event could reasonably be expected to have a Material Adverse Effect;

(k) the Guarantee Agreement for any reason shall cease to be in full force and effect (other than in accordance with its terms), or any Guarantor shall deny in writing that it has any further liability under the Guarantee Agreement (other than as a result of the discharge of such Guarantor’s obligations thereunder in accordance with the terms of the Loan Documents);

(l) any security interest purported to be created by any Security Document shall cease to be, or shall be asserted by either Borrower or any other Loan Party not to be, a valid, perfected, first priority (except as otherwise expressly provided in this Agreement or such Security Document) security interest in the securities, assets or properties covered thereby;

(m) the Indebtedness under the Subordinated Notes or any other Subordinated Indebtedness of Holdings and its Subsidiaries constituting Material Indebtedness shall cease (or any Loan Party or an Affiliate of any Loan Party shall so assert), for any reason, to be validly subordinated to the Obligations as provided in the Subordinated Note Documents or the agreements evidencing such other Subordinated Indebtedness; or

(n) there shall have occurred a Change in Control;

then, and in every such event (other than an event with respect to Holdings or either Borrower described in paragraph (g) or (h) above), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrowers, take either or both of the following actions, at the same or different times declare the Term Loans then outstanding to be forthwith due and payable in whole or in part, whereupon the principal of the Term Loans so declared to be due and payable, together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of the Borrowers accrued hereunder and under any other Loan Document, shall become forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrowers, anything contained herein

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or in any other Loan Document to the contrary notwithstanding; and in any event with respect to Holdings or either Borrower described in paragraph (g) or (h) above, the principal of the Term Loans then outstanding, together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of the Borrowers accrued hereunder and under any other Loan Document, shall automatically become due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrowers, anything contained herein or in any other Loan Document to the contrary notwithstanding.

Section 7.02 Application of Proceeds.

(a) Subject to the Intercreditor Agreement and Sections 7.02(b) and (c) below, the Administrative Agent and the Collateral Agent shall apply (a) the proceeds of any collection, sale, foreclosure or other realization upon any Collateral securing Term Loans and Obligations, including any such Collateral consisting of cash, and (b) any amounts received in respect of the Obligations following the automatic termination of any Incremental Term Loan Commitments and the Term Loans automatically becoming due and payable pursuant to Section 7.01, in each case as follows:

FIRST, to the payment of all costs and expenses incurred by the Administrative Agent or the Collateral Agent (in their respective capacities as such hereunder or under any other Loan Document) in connection with any collection, sale, foreclosure or realization or otherwise in connection with this Agreement, any other Loan Document or any of the Obligations, including all court costs and the fees and expenses of its agents and legal counsel, the repayment of all advances made by the Administrative Agent and/or the Collateral Agent hereunder or under any other Loan Document on behalf of any Loan Party, any other costs or expenses incurred in connection with the exercise of any right or remedy hereunder or under any other Loan Document, any amounts for which the Administrative Agent and/or the Collateral Agent is entitled to indemnification, fees, or reimbursement of costs or expenses under the terms of any Loan Document, and any other Loan Document Obligations owed to the Administrative Agent and/or the Collateral Agent, in their respective capacities as such hereunder or under any other Loan Document;

SECOND, to the payment in full of all Obligations consisting of accrued and unpaid interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Term Loans, and scheduled periodic payments then due under Secured Hedging Agreements (the amounts so applied to be distributed among the Secured Parties pro rata in accordance with the amounts of such Obligations owed to them on the date of any such distribution);

THIRD, to the payment in full of all Obligations (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) consisting of unpaid principal amount of the Term Loans and any premium thereon or breakage or termination fees, costs or expenses related thereto and any other Obligations in respect of Secured Hedging Agreements (the amounts so applied to be distributed among the Secured Parties pro rata in

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accordance with the amounts of the Obligations owed to them on the date of any such distribution);

FOURTH, to the payment in full of all other Obligations, (the amounts so applied to be distributed among the Secured Parties pro rata in accordance with the amounts of the Obligations owed to them on the date of any such distribution); and

FIFTH, to the Borrowers, their respective successors or assigns, or as a court of competent jurisdiction may otherwise direct.

(b) The Administrative Agent and the Collateral Agent shall apply (a) the proceeds of any collection, sale, foreclosure or other realization upon any Collateral solely securing the Canadian Obligations, including any associated Collateral consisting of cash, and (b) any amounts received in respect of the Canadian Obligations following the automatic termination of the Incremental Term Loan Commitments and the Term Loans automatically becoming due and payable pursuant to Section 7.01, in each case as follows:

FIRST, to the payment of all costs and expenses incurred by the Administrative Agent or the Collateral Agent (in their respective capacities as such hereunder or under any other Loan Document) in connection with any collection, sale, foreclosure or realization or otherwise in connection with this Agreement, any other Loan Document or any of the Canadian Obligations, including all court costs and the fees and expenses of its agents and legal counsel, the repayment of all advances made by the Administrative Agent and/or the Collateral Agent hereunder or under any other Loan Document on behalf of any Canadian Loan Party, any other costs or expenses incurred in connection with the exercise of any right or remedy hereunder or under any other Loan Document, any amounts for which the Administrative Agent and/or the Collateral Agent is entitled to indemnification, fees, or reimbursement of costs or expenses under the terms of any Loan Document, and any other Loan Document Obligations owed to the Administrative Agent and/or the Collateral Agent, in their respective capacities as such hereunder or under any other Loan Document, in each case to the extent constituting Canadian Obligations;

SECOND, to the payment in full of all Canadian Obligations consisting of accrued and unpaid interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Term Loans, and scheduled periodic payments then due under Secured Hedging Agreements (the amounts so applied to be distributed among the Secured Parties pro rata in accordance with the amounts of such Canadian Obligations owed to them on the date of any such distribution);

THIRD, to the payment in full of all Canadian Obligations (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) consisting of unpaid principal amount of the Term Loans to the Canadian Borrower and any premium thereon or breakage or termination fees, costs or expenses related thereto and any other Canadian Obligations in respect of Secured Hedging Agreements (the amounts so applied to be distributed among the Secured Parties pro rata in accordance with the amounts of the Canadian Obligations owed to them on the date of any such distribution);

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FOURTH, to the payment in full of all other Canadian Obligations, (the amounts so applied to be distributed among the Secured Parties pro rata in accordance with the amounts of the Canadian Obligations owed to them on the date of any such distribution); and

FIFTH, to the Canadian Borrower, its successors or assigns, or as a court of competent jurisdiction may otherwise direct.

(c) The Administrative Agent and the Collateral Agent shall have absolute discretion as to the time of application of any such proceeds, moneys, balances or amounts in accordance with this Agreement and the other Loan Documents. 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 7.03 Lender Loss Sharing Agreement

(a) Definitions . As used in this Section 7.03 , the following terms shall have the following meanings:

(i) “ CAM ” means the mechanism for the allocation and exchange of interests in the Term Loans and collections thereunder established under Section 7.03(b) .

(ii) “ CAM Exchange ” means the exchange of interests of holders of the Tranche B-1 Loans and interests of the holders of Tranche B-2 Loans provided for in Section 7.03(b) .

(iii) “ CAM Exchange Date ” means the first date after the Closing Date on which there shall occur (a) any event described in clauses (g)  or (h)  of Section 7.01 with respect to any Loan Party, (b) an acceleration of Term Loans pursuant to Section 7.01 , and (c) any date on which an Unaffected Tranche or a Tax Neutral Tranche is prepaid pursuant to the terms Section 2.13(i).

(iv) “ CAM Percentage ” means, as to each Lender, a fraction, expressed as a decimal, of which (a) the numerator shall be the aggregate amount of the Term Loans held by such Lender (whether or not at the time due and payable) and (b) the denominator shall be the aggregate amount (as so determined) of the aggregate outstanding Term Loans (whether or not at the time due and payable).

(v) “ Designated Obligations ” means all Obligations of the Borrowers with respect to (a) principal and interest under the Term Loans, and (b) fees under Section 2.05 .

(b) CAM Exchange .

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(i) On the CAM Exchange Date,

(1) any Term Loan Commitment shall terminate in accordance with Article VII ; and

(2) the Lenders shall purchase at par, interests in the Designated Obligations under each Tranche (and shall make payments in Dollars to the Administrative Agent for reallocation to other Lenders to the extent necessary to give effect to such purchases) such that, in lieu of the interests of each Lender in the Designated Obligations under Term Loans made to the US Borrower and Term Loans made to the Canadian Borrower in which it shall have participated immediately prior to the CAM Exchange Date, such Lender shall own an interest equal to such Lender’s CAM Percentage in each component of the Designated Obligations immediately following the CAM Exchange.

(ii) Each Lender and each Person acquiring a participation from any Lender as contemplated by this Section 7.03 hereby consents and agrees to the CAM Exchange. Each Borrower agrees from time to time to execute and deliver to the Lenders all such promissory notes and other instruments and documents as the Administrative Agent shall reasonably request to evidence and confirm the respective interests and obligations of the Lenders after giving effect to the CAM Exchange, and each Lender agrees to surrender any promissory notes originally received by it in connection with its Term Loans under this Agreement to the Administrative Agent against delivery of any promissory notes so executed and delivered; provided that the failure of any Lender to deliver or accept any such promissory note, instrument or document shall not affect the validity or effectiveness of the CAM Exchange.

(iii) As a result of the CAM Exchange, from and after the CAM Exchange Date, each payment received by the Administrative Agent pursuant to any Loan Document in respect of any of the Designated Obligations shall be distributed to the Lenders, pro rata in accordance with their respective CAM Percentages.

Notwithstanding any other provision of this Section 7.03 , each Lender agrees that if the Administrative Agent or a Lender is required under applicable law to withhold or deduct any taxes or other amounts from payments made by it hereunder or as a result hereof, such Person shall be entitled to withhold or deduct such amounts and pay over such taxes or other amounts to the applicable Governmental Authority imposing such tax without any obligation to indemnify any Lender with respect to such amounts and without any other obligation of gross up or offset with respect thereto and there shall be no recourse whatsoever by any Lender subject to such withholding to the Administrative Agent or any other Lender making such withholding and paying over such amounts, but without diminution of the rights of such Lender subject to such withholding as against Borrowers and the other Loan Parties to the extent (if any) provided in this Agreement and the other Loan Documents. Any amounts so withheld or deducted shall be

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treated as, for the purpose of this Section 7.03 , having been paid to such Lender with respect to which such withholding or deduction was made.

ARTICLE VIII

The Administrative Agent and the Collateral Agent; Etc.

Each Lender hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch as Administrative Agent and each Secured Party hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch as the Collateral Agent (for purposes of this Article VIII, the Administrative Agent and the Collateral Agent are referred to collectively as the “ Agents ”) its agent and authorizes the Agents to take such actions on its behalf and to exercise such powers as are delegated to such Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto, including to negotiate, enforce or settle any claim, action or proceeding affecting the Lenders in their capacity as such, at the direction of the Required Lenders, which negotiation, enforcement or settlement will be binding upon each Lender, and Credit Suisse AG, Cayman Islands Branch hereby accepts such appointments. Without limiting the generality of the foregoing, the Agents are hereby expressly authorized to (i) execute any and all documents (including releases) with respect to the Collateral and the rights of the Secured Parties with respect thereto, as contemplated by and in accordance with the provisions of this Agreement and the Security Documents, (ii) negotiate, enforce or the settle any claim, action or proceeding affecting the Lenders in their capacity as such, at the direction of the Required Lenders, which negotiation, enforcement or settlement will be binding upon each Lender, and (iii) in the event of a foreclosure by the Agents on any of the Collateral pursuant to a public or private sale or a sale of any of the Collateral pursuant to Section 363 of the Bankruptcy Code or any foreign bankruptcy, insolvency, receivership or similar law, the Administrative Agent or any Lender may be the purchaser of any or all of such Collateral at any such sale and the Administrative Agent, as agent for and representative of the Lenders (but not any Lender or Lenders in its or their respective individual capacities unless the Required Lenders shall otherwise agree in writing) shall be entitled, with the consent or at the direction of the Required Lenders, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such sale, to use and apply any of the Obligations as a credit on account of the purchase price for any Collateral payable by the Administrative Agent at such sale. It is understood and agreed that the use of the term “Agent” herein or in any other Loan Documents (or any other similar term) with reference to the Administrative Agent or Collateral Agent is not intended to create or connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. Without prejudice to the provisions of this Agreement and the other Loan Documents, the parties hereto acknowledge and agree with the creation of parallel debt obligations of Guarantors as will be described in the Parallel Debt, including that any payment received by the Collateral Agent in respect of the Parallel Debt will be deemed a satisfaction of a pro rata portion of the corresponding Obligations.

In addition, and without limiting any of the foregoing, for the purposes of holding any security granted by any Borrower or any other Loan Party pursuant to the laws of the Province of Quebec to secure payment of any bond issued by any Borrower or any Loan Party, each of the

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Lenders hereby irrevocably appoints and authorizes Credit Suisse Cayman Islands Branch and, to the extent necessary, ratifies the appointment and authorization of Credit Suisse Cayman Islands Branch, to act as the person holding the power of attorney (i.e. “fondé de pouvoir”) (in such capacity, the “Attorney”) of the Lenders as contemplated under Article 2692 of the Civil Code of Québec, and to enter into, to take and to hold on their behalf, and for their benefit, any hypothec, and to exercise such powers and duties that are conferred upon the Attorney under any hypothec. Moreover, without prejudice to such appointment and authorization to act as the person holding the power of attorney as aforesaid, each of the Lenders hereby irrevocably appoints and authorizes the Collateral Agent (in such capacity, the “Custodian”) to act as agent and custodian for and on behalf of the Lenders to hold and be the sole registered holder of any bond which may be issued under any hypothec, the whole notwithstanding Section 32 of An Act respecting the special powers of legal persons (Quebec) or any other applicable law, and to execute all related documents. Each of the Attorney and the Collateral Agent, in its capacity as Custodian, shall: (a) have the sole and exclusive right and authority to exercise, except as may be otherwise specifically restricted by the terms hereof, all rights and remedies given to the Attorney and the Collateral Agent, in its capacity as Custodian, (as applicable) pursuant to any hypothec, bond, pledge, applicable laws or otherwise, (b) benefit from and be subject to all provisions hereof with respect to the Collateral Agent mutatis mutandis, including, without limitation, all such provisions with respect to the liability or responsibility to and indemnification by the Lenders, and (c) be entitled to delegate from time to time any of its powers or duties under any hypothec, bond, or pledge on such terms and conditions as it may determine from time to time. Any person who becomes a Lender shall, by its execution of an Assignment and Acceptance, be deemed to have consented to and confirmed: (i) the Attorney as the person holding the power of attorney as aforesaid and to have ratified, as of the date it becomes a Lender, all actions taken by the Attorney in such capacity, and (ii) the Collateral Agent, in its capacity as Custodian, as the agent and custodian as aforesaid and to have ratified, as of the date it becomes a Lender, all actions taken by the Collateral Agent in such capacity. The substitution of the Collateral Agent pursuant to the provisions of this Article VIII shall also constitute the substitution of the Attorney and the Collateral Agent, in its capacity as Custodian, subject to any other actions as may be necessary or advisable to fully maintain the effectiveness of the Loan Documents.

In respect of any person who becomes a Lender after the date hereof by its execution of an Assignment and Acceptance, each Borrower, on its own behalf and on behalf of the Loan Parties, expressly acknowledges, declares, agrees and confirms that (i) such Lender, through the naming of the Collateral Agent, has all the benefits of and is hereby acknowledged as being a payee under any bond (or similar instrument) granted by any Loan Party under the laws of the province of Québec pursuant to any of the Security Documents, jointly with the other Lenders, in the same manner and to the same extent as though such Lender were an original named payee thereunder, and (ii) pursuant to the pledge of any such bond (or similar instrument), the Collateral Agent holds such bond (or similar instrument) in pledge for the benefit of such Lender, jointly with the other Lenders.

The institution serving as the Administrative Agent and/or the Collateral Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent, and such bank and its Affiliates may accept

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deposits from, lend money to and generally engage in any kind of business with Holdings, the Borrowers or any Subsidiary or other Affiliate thereof as if it were not an Agent hereunder.

Neither Agent shall have any duties or obligations except those expressly set forth in the Loan Documents and its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, (a) neither Agent shall be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) neither Agent shall have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby that such Agent is instructed in writing to exercise by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.08 ); provided that neither Agent shall be required to take any action that, in its opinion or the opinion of its counsel, may expose such Agent to liability or that is contrary to any Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any applicable bankruptcy, insolvency or other similar law, and (c) except as expressly set forth in the Loan Documents, neither Agent shall have any duty to disclose, nor shall it be liable for the failure to disclose, any information relating to Holdings, the Borrowers or any of the Subsidiaries that is communicated to or obtained by the bank serving as Administrative Agent and/or Collateral Agent or any of its Affiliates in any capacity. Neither Agent shall be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.08 ) or in the absence of its own gross negligence or willful misconduct. Neither Agent shall be deemed to have knowledge of any Default unless and until written notice thereof is given to such Agent by Holdings, the Borrowers or a Lender, and neither Agent shall be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report or other document delivered thereunder or in connection therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article IV or elsewhere in any Loan Document, other than to confirm receipt of items expressly required to be delivered to such Agent.

Each Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person. Each Agent may also rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. Each Agent may consult with legal counsel (who may be counsel for the Borrowers), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. No Agent shall be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the Collateral Agent’s Lien thereon, or any certificate prepared by any Loan Party in connection therewith, nor shall either Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral.

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Each Agent may perform any and all its duties and exercise its rights and powers by or through any one or more sub-agents appointed by it. Each Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the Related Parties of each Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the Facility as well as activities as Agent. Neither Agent shall be responsible for the negligence or misconduct of any sub-agents, or any Related Parties of any sub-agents, except to the extent that a court of competent jurisdiction determines in a final and non-appealable judgment that such Agent acted with gross negligence or willful misconduct in the selection of such sub-agents.

Subject to the terms of this paragraph, either Agent may resign at any time by notifying the Lenders and the Borrowers. Upon any such resignation, the Required Lenders shall have the right, with the consent (not to be unreasonably withheld, conditioned or delayed) of the Borrowers, to appoint a successor; provided that no consent of the Borrowers shall be required if an Event of Default has occurred and is continuing. If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Agent gives notice of its resignation, then the retiring Agent may, on behalf of the Lenders, appoint a successor Agent which shall be a commercial or trust bank with an office in New York, New York, or an Affiliate of any such commercial or trust bank (which successor Agent or Affiliate, so long as an Event of Default has not occurred and is not continuing, is reasonably acceptable to the Borrowers). If no successor Agent has been appointed pursuant to the immediately preceding sentence by the 30 ^th day after the date such notice of resignation was given by such Agent, such Agent’s resignation shall become effective and the Required Lenders shall thereafter perform all the duties of such Agent hereunder and/or under any other Loan Document until such time, if any, as the Required Lenders appoint with the consent of the Borrowers (not to be unreasonably withheld, conditioned or delayed) (provided no consent of the Borrowers shall be required if an Event of Default has occurred and is continuing), successor Administrative Agent and/or Collateral Agent, as the case may be. Upon the acceptance of its appointment as Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations hereunder. The fees payable by the Borrowers to a successor Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrowers and such successor. After an Agent’s resignation hereunder, the provisions of this Article and Section 9.05 shall continue in effect for the benefit of such retiring Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while it was acting as Agent. Whether or not a successor has been appointed, such resignation shall become effective in accordance with the above provisions, provided that the parties hereto acknowledge and agree that, for purposes of the Parallel Debt, any resignation by the Collateral Agent is not effective with respect to its rights under the Parallel Debt until such rights are assigned to the successor.

The Collateral Agent, the successor Agent, the Lenders and the Loan Parties shall execute all documents and take all other actions necessary or in the opinion of successor Agent reasonably desirable in connection with the substitution by successor Agent of Collateral Agent as holder of the security under the Loan Documents, all in accordance with applicable law.

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In case of the pendency of any proceeding under any bankruptcy, insolvency or similar law or any other judicial proceeding relating to the Loan Documents relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Term Loan shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrowers) shall be entitled and empowered (but not obligated) by intervention in such proceeding or otherwise: (a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Term Loans and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Agents (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and the Agents and their respective agents and counsel and all other amounts due the Lenders and the Agents under Sections 2.05 and 9.05 ) allowed in such judicial proceeding; and (b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same. Any custodian, receiver, receiver and manager, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and the Collateral Agent to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders and the Collateral Agent, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.05 and 9.05 . Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of the Collateral Agent or any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of the Collateral Agent or any Lender or to authorize the Administrative Agent to vote in respect of the claim of the Collateral Agent or any Lender in any such proceeding.

Each Lender acknowledges that it has, independently and without reliance upon the Agents, the Joint Lead Arrangers, the Syndication Agent, the Co-Documentation Agents or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Agents, the Joint Lead Arrangers, the Syndication Agent, the Co-Documentation Agents or any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement or any other Loan Document, any related agreement or any document furnished hereunder or thereunder.

Notwithstanding any other provision of this Agreement or any provision of any other Loan Document, each of the Joint Lead Arrangers, the Syndication Agent and the Co-Documentation Agents are named as such for recognition purposes only, and in their respective capacities as such shall have no duties, responsibilities or liabilities with respect to this Agreement or any other Loan Document. Without limitation of the foregoing, none of the Joint Lead Arrangers, the Syndication Agent or the Co-Documentation Agents in their respective capacities as such shall, by reason of this Agreement or any other Loan Document, have any fiduciary relationship or trust relationship in respect of any Lender, Loan Party or any other Person.

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ARTICLE IX

Miscellaneous

Section 9.01 Notices; Electronic Communications . Notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by fax, as follows:

(a) if to either Borrower or Holdings, to it at 225 West Station Square Drive, Suite 700, Pittsburgh, PA 15219-1122, Attn: Kenneth S. Parks, Tel. No. (412) 454-2392, Fax No. (412) 222-7566, Email: kparks@wesco.com , with a copy to it at 225 West Station Square Drive, Suite 700, Pittsburgh, PA 15219-1122, Attn: Diane Lazzaris, Tel. No. (412) 454-4878, Fax No. (412) 222-7304, Email: dlazzaris@wesco.com ;

(b) if to the Administrative Agent, to Credit Suisse AG, Attn: Sean Portrait – Agency Manager, Eleven Madison Avenue, 23 ^rd Floor, New York, NY 10010, Fax No. (212) 322-2291, Email: agency.loanops@credit-suisse.com and if to the Collateral Agent, to Credit Suisse AG, Attn: Loan Operations – Boutique Management, Eleven Madison Avenue, 23 ^rd Floor, New York, NY 10010, Tel. No. (212) 538-3525, Fax No. (212) 325-8315, Email: ops-collateral@credit-suisse.com ; and

(c) if to a Lender, to it at its address (or fax number) set forth on Schedule 2.01 or in the Assignment and Acceptance pursuant to which such Lender shall have become a party hereto.

All notices and other communications (i) given by the Administrative Agent to the US Borrower in accordance with the terms hereof shall constitute and be deemed to be notice given to all Loan Parties (including, without limitation the Canadian Borrower) and (ii) to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt if delivered by hand or overnight courier service or sent by fax or on the date five Business Days after dispatch by certified or registered mail if mailed, in each case delivered, sent or mailed (properly addressed) to such party as provided in this Section 9.01 or in accordance with the latest unrevoked direction from such party given in accordance with this Section 9.01 . As agreed to among Holdings, the Borrowers, the Administrative Agent and the applicable Lenders from time to time, notices and other communications may also be delivered by e-mail to the e-mail address of a representative of the applicable Person provided from time to time by such Person.

Each of Borrowers hereby agrees, unless directed otherwise by the Administrative Agent or unless the electronic mail address referred to below has not been provided by the Administrative Agent to each of the Borrowers, that it will, or will cause its Subsidiaries to, provide to the Administrative Agent all information, documents and other materials that it is obligated to furnish to the Administrative Agent pursuant to the Loan Documents or to the Lenders under Article 5, including all notices, requests, financial statements, financial and other reports, certificates and other information materials, but excluding any such communication that (i) is or relates to a notice pursuant to Section 2.10 , (ii) relates to the payment of any principal or other amount due under this Agreement prior to the scheduled date therefor, (iii) provides notice

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of any Default or Event of Default under this Agreement or any other Loan Document or (iv) is required to be delivered to satisfy any condition precedent to the effectiveness of this Agreement and/or any Borrowing or other extension of credit hereunder (all such non-excluded communications being referred to herein collectively as “ Communications ”), by transmitting the Communications in an electronic/soft medium that is properly identified in a format acceptable to the Administrative Agent to an electronic mail address as directed by the Administrative Agent. In addition, each of the Borrowers agrees, and agrees to cause its Subsidiaries, to continue to provide the Communications to the Administrative Agent or the Lenders, as the case may be, in the manner specified in the Loan Documents but only to the extent requested by the Administrative Agent.

Each of the Borrowers hereby acknowledges that (a) the Administrative Agent will make available to the Lenders materials and/or information provided by or on behalf of the Borrowers hereunder (collectively, the “ Borrower Materials ”) by posting the Borrower Materials on Intralinks or another similar electronic system (the “ Platform ”) and (b) certain of the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to receive material non-public information with respect to Holdings, the Borrowers or their securities) (each, a “ Public Lender ”). Each of Holdings and the Borrowers hereby agrees that (w) all Borrower Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” Holdings and the Borrowers shall be deemed to have authorized the Administrative Agent and the Lenders to treat such Borrower Materials as not containing any material non-public information with respect to Holdings and the Borrowers or their securities for purposes of United States federal and state securities laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 11.07 ); (y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated as “Public Investor;” and (z) the Administrative Agent shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not marked as “Public Investor.” Notwithstanding the foregoing, the following Borrower Materials shall be marked “PUBLIC”, unless Holdings or either of the Borrowers notifies the Administrative Agent promptly that any such document contains material non-public information: (1) the Loan Documents and (2) notification of changes in the terms of the Facilities.

Each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable law, including United States Federal and state securities laws, to make reference to Communications that are not made available through the “Public Side Information” portion of the Platform and that may contain material non-public information with respect to Holdings or the Borrowers or their securities for purposes of United States Federal or state securities laws.

THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE”. NEITHER THE ADMINISTRATIVE AGENT NOR ANY OF ITS RELATED PARTIES WARRANTS THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS OR THE ADEQUACY

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OF THE PLATFORM AND EACH EXPRESSLY DISCLAIMS LIABILITY FOR ERRORS OR OMISSIONS IN THE COMMUNICATIONS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS IS MADE BY THE ADMINISTRATIVE AGENT OR ANY OF ITS RELATED PARTIES IN CONNECTION WITH THE COMMUNICATIONS OR THE PLATFORM. IN NO EVENT SHALL THE ADMINISTRATIVE AGENT OR ANY OF ITS RELATED PARTIES HAVE ANY LIABILITY TO ANY LOAN PARTY, ANY LENDER OR ANY OTHER PERSON FOR DAMAGES OF ANY KIND, WHETHER OR NOT BASED ON STRICT LIABILITY AND INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT OF ANY LOAN PARTY’S OR THE ADMINISTRATIVE AGENT’S TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET, EXCEPT TO THE EXTENT THE LIABILITY OF ANY SUCH PERSON IS FOUND IN A FINAL RULING BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED PRIMARILY FROM SUCH PERSON’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT.

The Administrative Agent agrees that the receipt of the Communications by the Administrative Agent at its e-mail address set forth above shall constitute effective delivery of the Communications to the Administrative Agent for purposes of the Loan Documents. Each Lender agrees that receipt of notice to it (as provided in the next sentence) specifying that the Communications have been posted to the Platform shall constitute effective delivery of the Communications to such Lender for purposes of the Loan Documents. Each Lender agrees to notify the Administrative Agent in writing (including by electronic communication) from time to time of such Lender’s e-mail address to which the foregoing notice may be sent by electronic transmission and that the foregoing notice may be sent to such e-mail address.

Nothing herein shall prejudice the right of the Administrative Agent or any Lender to give any notice or other communication pursuant to any Loan Document in any other manner specified in such Loan Document.

Section 9.02 Survival of Agreement . All covenants, agreements, representations and warranties made by the Borrowers or Holdings herein and in the certificates or other instruments prepared or delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the Lenders and shall survive the making by the Lenders of the Term Loans, regardless of any investigation made by the Lenders or on their behalf, and shall continue in full force and effect as long as the principal of or any accrued interest on any Term Loan or any Fee or any other amount payable under this Agreement or any other Loan Document is outstanding and unpaid. The provisions of Sections 2.14 , 2.16 , 2.20 and 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Term Loans, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent or any Lender.

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Section 9.03 Binding Effect . This Agreement shall become effective when it shall have been executed by the Borrowers, Holdings and the Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto.

Section 9.04 Successors and Assigns . (a) 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 the Borrowers, Holdings, the Administrative Agent, the Collateral Agent or the Lenders that are contained in this Agreement shall bind and inure to the benefit of their respective successors and assigns permitted hereby.

(b) Each Lender may assign to one or more Eligible Assignees all or a portion of its interests, rights and obligations under this Agreement (including all or a portion of the Term Loans at the time owing to it) with the prior written consent of the Administrative Agent (not to be unreasonably withheld or delayed); provided , however , that (i) the US Borrower, in the case of Tranche B-1 Loans, and the Canadian Borrower, in the case of Tranche B-2 Loans, must also give its prior written consent to such assignment (which consent shall not be unreasonably withheld, conditioned or delayed and shall be deemed to have been given by the applicable Borrower if such Borrower has not responded within five Business Days of a request for such consent) ( provided that the consent of the applicable Borrower shall not be required to any such assignment made (x) to another Lender, or an Affiliate or Related Fund of a Lender, (y) during the period after the Closing Date, in connection with the primary syndication of the Term Loan Commitments or Term Loans, as the case may be, to persons identified by the Administrative Agent to the Borrowers prior to the Closing Date or (z) after the occurrence and during the continuance of any Event of Default), (ii) the amount of the Commitment or Term Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is delivered to the Administrative Agent) shall be in an integral multiple of, and not less than, US$1,000,000 or C$1,000,000 (or, if less, the entire remaining amount of such Lender’s Commitment or Term Loans of the relevant Class); provided that simultaneous assignments by two or more Related Funds shall be combined for purposes of determining whether the minimum assignment requirement is met, (iv) the parties to each assignment shall (A) execute and deliver to the Administrative Agent an Assignment and Acceptance via an electronic settlement system acceptable to the Administrative Agent or (B) if previously agreed with the Administrative Agent, manually execute and deliver to the Administrative Agent an Assignment and Acceptance, and, in each case, shall pay to the Administrative Agent a processing and recordation fee of US$3,500 (which fee may be waived or reduced in the sole discretion of the Administrative Agent), and (v) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire (in which the assignee shall designate one or more credit contacts to whom all syndicate-level information (which may contain material non-public information about the Loan Parties and their Related Parties or their respective securities) will be made available and who may receive such information in accordance with the assignee’s compliance procedures and applicable laws, including federal and state securities laws) and all applicable tax forms. Upon acceptance and recording pursuant to paragraph (e) of this Section 9.04 , from and after the effective date specified in each Assignment and Acceptance, (A) the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Acceptance, have the rights

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and obligations of a Lender under this Agreement and (B) the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.14 , 2.16 , 2.20 and 9.05 (subject to the requirements of each respective provision) with respect to facts and circumstances occurring on or prior to the effective date of such assignment).

(c) By executing and delivering an Assignment and Acceptance, the assigning Lender thereunder and the assignee thereunder shall be deemed to confirm to and agree with each other and the other parties hereto as follows: (i) such assigning Lender warrants that it is the legal and beneficial owner of the interest being assigned thereby free and clear of any adverse claim and that its Term Loan Commitment and the outstanding balances of its Term Loans, in each case without giving effect to assignments thereof which have not become effective, are as set forth in such Assignment and Acceptance, (ii) except as set forth in (i) above, such assigning Lender makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement, or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement, any other Loan Document or any other instrument or document furnished pursuant hereto, or the financial condition of the Borrowers or any Subsidiary or the performance or observance by the Borrowers or any Subsidiary of any of its obligations under this Agreement, any other Loan Document or any other instrument or document furnished pursuant hereto; (iii) such assignee represents and warrants that it is an Eligible Assignee legally authorized to enter into such Assignment and Acceptance; (iv) such assignee confirms that it has received a copy of this Agreement, together with copies of the most recent financial statements referred to in Section 3.05(a) or delivered pursuant to Section 5.04 and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Acceptance; (v) such assignee will independently and without reliance upon the Administrative Agent, the Collateral Agent, such assigning Lender or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement; (vi) such assignee appoints and authorizes the Administrative Agent and the Collateral Agent to take such action as agent on its behalf and to exercise such powers under this Agreement as are delegated to the Administrative Agent and the Collateral Agent, respectively, by the terms hereof, together with such powers as are reasonably incidental thereto; and (vii) such assignee agrees that it will perform in accordance with their terms all the obligations which by the terms of this Agreement are required to be performed by it as a Lender.

(d) The Administrative Agent, acting for this purpose as an agent of the Borrowers, shall maintain at one of its offices in The City of New York a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Lenders and principal amounts of and stated interest on the Term Loans owing to, each Lender pursuant to the terms hereof from time to time (the “ Register ”). The entries in the Register shall be conclusive absent manifest error and the Borrowers, the Administrative Agent, the Collateral Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this

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Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrowers, the Collateral Agent and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

(e) Upon its receipt of, and consent to, a duly completed Assignment and Acceptance executed by an assigning Lender and an assignee, an Administrative Questionnaire completed in respect of the assignee (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) above, if applicable, and the written consent of the Administrative Agent and, if required, the applicable Borrower and any applicable tax forms, the Administrative Agent shall (i) accept such Assignment and Acceptance and (ii) record the information contained therein in the Register. No assignment shall be effective unless it has been recorded in the Register as provided in this paragraph (e).

(f) Each Lender may without the consent of either Borrower or the Administrative Agent sell participations to one or more banks or other Persons in all or a portion of its rights and obligations under this Agreement (including all or a portion of the Term Loans owing to it); provided , however , that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, (iii) the participating banks or other Persons shall be entitled to the benefit of the cost protection provisions contained in Sections 2.14 , 2.16 and 2.20 (subject to the requirements of each respective provision) to the same extent as if they were Lenders (but, with respect to any particular participant, to no greater extent than the Lender that sold the participation to such participant) and (iv) the Borrowers, the Administrative Agent and the Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement, and such Lender shall retain the sole right to enforce the obligations of the Borrowers relating to the Term Loans and to approve any amendment, modification or waiver of any provision of this Agreement (other than amendments, modifications or waivers decreasing any fees payable to such participating bank or Person hereunder or the amount of principal of or the rate at which interest is payable on the Term Loans in which such participating bank or Person has an interest, extending any scheduled principal payment date or date fixed for the payment of interest on the Term Loans in which such participating bank or Person has an interest, or releasing any Guarantor (other than in connection with the sale of such Guarantor in a transaction permitted by Section 6.05 ) or all or substantially all of the Collateral). Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a register on which it enters the name and address of each participant and the principal amounts of, and stated interest on, each participant’s interest in the Term Loans or other obligations under this Agreement (the “ Participant Register ”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of any participant or any information relating to a participant’s interest in any Term Loans or its other obligations under this Agreement or any other Loan Document) except to the extent that such disclosure is necessary to establish that such Term Loan or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. To the extent permitted by law, each participating bank or other Person also shall be entitled to the benefits of Section 9.06 as though

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it were a Lender, provided such participating bank or other Person agrees to be subject to Section 2.18 as though it were a Lender.

(g) Any Lender or participant may, in connection with any assignment or participation or proposed assignment or participation pursuant to this Section 9.04, disclose to the assignee or participant or proposed assignee or participant any information relating to the Borrowers furnished to such Lender by or on behalf of the Borrowers; provided that, prior to any such disclosure of information designated by the Borrowers as confidential, each such assignee or participant or proposed assignee or participant shall execute an agreement whereby such assignee or participant shall agree to preserve the confidentiality of such confidential information on terms no less restrictive than those applicable to the Lenders pursuant to Section 9.16 .

(h) Any Lender may at any time assign all or any portion of its rights under this Agreement to secure extensions of credit to such Lender or in support of obligations owed by such Lender, including any assignment to secure obligations to a federal reserve or central bank having jurisdiction over such Lender (and this Section 9.04 shall not apply to any such assignment); provided that no such assignment shall release a Lender from any of its obligations hereunder or substitute any such assignee for such Lender as a party hereto.

(i) Notwithstanding anything to the contrary contained herein, any Lender (a “ Granting Lender ”) may grant to a special purpose funding vehicle (an “ SPV ”), identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the Borrowers, the option to provide to the Borrowers all or any part of any Term Loan that such Granting Lender would otherwise be obligated to make to the Borrowers pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any SPV to make any Term Loan and (ii) if an SPV elects not to exercise such option or otherwise fails to provide all or any part of such Term Loan, the Granting Lender shall be obligated to make such Term Loan pursuant to the terms hereof. The making of a Term Loan by an SPV hereunder shall utilize the Term Loan Commitment of the Granting Lender to the same extent, and as if, such Term Loan were made by such Granting Lender. Each party hereto hereby agrees that (i) neither the grant to any SPV nor the exercise by any SPV of such option shall increase the costs or expenses or otherwise increase or change the obligations of the Borrowers under this Agreement (including obligations under Sections 2.14 , 2.16 and 2.20 ), (ii) no SPV shall be liable for any indemnity or similar payment obligation under this Agreement (all liability for which shall remain with the Granting Lender), and (iii) the Granting Lender shall for all purposes including approval of any amendment, waiver or other modification of any provision of the Loan Documents, remain the Lender of record hereunder. In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior indebtedness of any SPV, it will not institute against, or join any other Person in instituting against, such SPV any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings under the laws of the United States or any State thereof. In addition, notwithstanding anything to the contrary contained in this Section 9.04 , any SPV may (i) with notice to, but without the prior written consent of, the Borrowers and the Administrative Agent and without paying any processing fee therefor, assign all or a portion of its interests in any Term Loans to the Granting Lender or to any financial institutions (consented to by the Borrowers and Administrative Agent) providing liquidity and/or credit support to or for

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the account of such SPV to support the funding or maintenance of Term Loans and (ii) disclose on a confidential basis any non-public information relating to its Term Loans to any rating agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity enhancement to such SPV.

(j) Neither Holdings nor the Borrowers shall assign or delegate any of its rights or duties hereunder without the prior written consent of the Administrative Agent and each Lender, and any attempted assignment without such consent shall be null and void.

Section 9.05 Expenses; Indemnity . (a) Each of the Borrowers and Holdings agree, jointly and severally, to pay all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agent, the Joint Lead Arrangers, the Syndication Agent and the Co-Documentation Agents in connection with the syndication of the Facility and the preparation and administration of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated) or incurred by the Administrative Agent, the Collateral Agent, the Joint Lead Arrangers, the Syndication Agent, the Co-Documentation Agents, any Lender or any Receiver (as defined in the Security Documents), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Term Loans made hereunder, including the fees, charges and disbursements of Skadden, Arps, Slate, Meagher & Flom LLP, counsel for the Administrative Agent and the Collateral Agent, one local counsel in each applicable jurisdiction and one regulatory or specialty counsel, to the extent reasonably deemed appropriate by the Administrative Agent, and, in connection with any such enforcement or protection, the fees, charges and disbursements of any other counsel for the Administrative Agent, the Collateral Agent, the Joint Lead Arrangers, the Syndication Agent and the Co-Documentation Agents or any Lender.

(b) Each of the Borrowers and Holdings agree, jointly and severally, to indemnify the Administrative Agent, the Collateral Agent, the Joint Lead Arrangers, the Syndication Agent, the Co-Documentation Agents, each Lender, each Receiver (as defined in the Security Documents) and each Related Party of any of the foregoing Persons (each such Person being called an “ Indemnitee ”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel fees, charges and disbursements, ( provided that such fees, charges and disbursements shall be limited to one external counsel (and appropriate specialty and local counsel) for all such persons except that separate counsel may be retained to the extent there are actual or potential conflicting interests between or among such persons arising out of the matters within the scope of this Section 9.05(b) ) incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby (including the syndication of the Facility), (ii) the use or proposed use of the proceeds of the Term Loans, (iii) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by either Borrower, any other Loan Party or any of their respective Affiliates), or (iv) any actual or alleged

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presence or release of Hazardous Materials on any property currently or formerly owned or operated by either Borrower, Holdings or any of its other Subsidiaries, or any Environmental Claim related in any way to either Borrower, Holdings or any of its other Subsidiaries; 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 willful misconduct of such Indemnitee. This Section 9.05(b) shall not apply to Taxes other than any Taxes that represent losses, claims, damages, liabilities and other related expenses arising from a non-Tax claim (it being understood that Section 2.20 shall apply).

(c) To the extent that Holdings and the Borrowers fail to pay any amount required to be paid by them to the Administrative Agent, the Collateral Agent, the Joint Lead Arrangers, the Syndication Agent or the Co-Documentation Agents under paragraph (a) or (b) of this Section, each Lender severally agrees to pay to such Person, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent, the Joint Lead Arrangers, the Syndication Agent or the Co-Documentation Agents in their capacities as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the outstanding Term Loans.

(d) To the extent permitted by applicable law, no party to this Agreement shall assert, and each hereby waives, any claim against any other party hereto or any Related Party thereof, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions or the use of the proceeds thereof.

(e) The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Term Loans, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender. All amounts due under this Section 9.05 shall be payable on written demand therefor.

Section 9.06 Right of Setoff . (a) Each of Holdings and the US Borrower agrees that if an Event of Default shall have occurred and be continuing, each Lender 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 indebtedness at any time owing by such Lender to or for the credit or the account of Holdings or the US Borrower against any of and all the obligations of Holdings or the US Borrower now or hereafter existing under this Agreement and other Loan Documents held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement or such other Loan Document and although such obligations may be unmatured. The applicable Lender shall notify the Borrowers and the Administrative Agent of such setoff or application, provided that any failure to give or any delay in giving such notice shall not affect

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the validity of any such set-off or application under this Section 9.06 . The rights of each Lender under this Section 9.06 are in addition to other rights and remedies (including other rights of setoff) which such Lender may have. NOTWITHSTANDING THE FOREGOING, AT ANY TIME THAT ANY OF THE OBLIGATIONS SHALL BE SECURED BY REAL PROPERTY LOCATED IN CALIFORNIA, NO LENDER SHALL EXERCISE A RIGHT OF SETOFF, LENDER’S LIEN OR COUNTERCLAIM OR TAKE ANY COURT OR ADMINISTRATIVE ACTION OR INSTITUTE ANY PROCEEDING TO ENFORCE ANY PROVISION OF THIS AGREEMENT OR ANY LOAN DOCUMENT UNLESS IT IS TAKEN WITH THE CONSENT OF THE LENDERS REQUIRED BY SECTION 9.08 OF THIS AGREEMENT, IF SUCH SETOFF OR ACTION OR PROCEEDING WOULD OR MIGHT (PURSUANT TO SECTIONS 580a, 580b, 580d AND 726 OF THE CALIFORNIA CODE OF CIVIL PROCEDURE OR SECTION 2924 OF THE CALIFORNIA CIVIL CODE, IF APPLICABLE, OR OTHERWISE) AFFECT OR IMPAIR THE VALIDITY, PRIORITY, OR ENFORCEABILITY OF THE LIENS GRANTED TO THE ADMINISTRATIVE AGENT PURSUANT TO THE SECURITY DOCUMENTS OR THE ENFORCEABILITY OF THE OBLIGATIONS HEREUNDER, AND ANY ATTEMPTED EXERCISE BY ANY LENDER OR ANY SUCH RIGHT WITHOUT OBTAINING SUCH CONSENT OF THE PARTIES AS REQUIRED ABOVE, SHALL BE NULL AND VOID. THIS PARAGRAPH SHALL BE SOLELY FOR THE BENEFIT OF EACH OF THE LENDERS.

(b) The Canadian Borrower agrees that if an Event of Default shall have occurred and be continuing, each Lender 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 indebtedness at any time owing by such Lender to or for the credit or the account of the Canadian Borrower against any of and all the obligations of the Canadian Borrower now or hereafter existing under this Agreement and other Loan Documents held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement or such other Loan Document and although such obligations may be unmatured. The rights of each Lender under this Section 9.06 are in addition to other rights and remedies (including other rights of setoff) which such Lender may have.

Section 9.07 Applicable Law . THIS AGREEMENT AND (UNLESS EXPRESSLY PROVIDED OTHERWISE THEREIN) THE OTHER LOAN DOCUMENTS SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

Section 9.08 Waivers; Amendment . (a) No failure or delay of the Administrative Agent, the Collateral Agent, any Lender in exercising any power or right hereunder or under any other Loan 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 Administrative Agent, the Collateral Agent and the Lenders hereunder and under the other Loan 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 any other Loan Document or consent to any departure by the Borrowers or any other Loan Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) below, and then such waiver or consent shall be effective

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only in the specific instance and for the purpose for which given. No notice or demand on the Borrowers or Holdings in any case shall entitle the Borrowers or Holdings to any other or further notice or demand in similar or other circumstances. No amendment or modification to Section 7.02 that directly and adversely affects the relative priorities of any Secured Party (other than a Lender or Agent in each case in such capacity, subject to the other provisions of this Section) to receive applications of proceeds in respect of the Obligations will have any effect as to such Secured Party without the consent of such Secured Party, except for any such amendment or modification to reflect the addition of one or more Classes of Term Loans in a manner consistent with the treatment of Loan Document Obligations under Section 7.02 immediately prior to such amendment or modification.

(b) Neither this Agreement nor any other Loan Document (other than the Engagement Letter) nor any provision hereof or thereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Borrowers, Holdings and the Required Lenders; provided , however , that no such agreement shall (i) decrease the principal amount of, or extend the maturity of or any scheduled principal payment date or date for the payment of any interest on or any fees (including any prepayment fee or premium (including for the avoidance of doubt, the fees set forth in Section 2.25 ) but excluding the incurrence of default interest) payable with respect to any Term Loan, or waive or excuse any such payment or any part thereof, or decrease the rate of interest on or reduce any fees (including any prepayment fee or premium (including, for the avoidance of doubt, the fees set forth in Section 2.25 ) but excluding the incurrence of default interest) payable with respect to any Term Loan, without the prior written consent of each Lender directly adversely affected thereby ( provided , that any extension or waiver of a mandatory prepayment shall not require the consent of each Lender directly adversely affected thereby, other than the mandatory prepayment provided for in Section 2.13(c), which shall require the consent of each Lender directly adversely affected thereby), (ii) amend or modify the pro rata requirements of Section 2.17 or any provision hereunder requiring pro rata treatment of the Lenders or distributions of payments received hereunder or proceeds of Collateral without the consent of each Lender directly affected thereby, (iii) amend or modify the provisions of Section 9.04(j) or the provisions of this Section 9.08 without the prior written consent of each Lender, (iv) release (A) one or more Guarantors that represent all or substantially all of the value of the guarantees of the Obligations pursuant to the Loan Documents with respect to a Class of Term Loans (it being understood and agreed that the merger, consolidation or amalgamation of a Guarantor into or with another Guarantor shall not be deemed to be a release of such Guarantor’s guarantee of the Obligations) or (B) all or substantially all of the Collateral securing a Class of Term Loans, without the prior written consent of each Lender holding Term Loans of such Class, (v) impose any additional restriction on any Lender’s ability to assign any of its rights or obligations without the written consent of such Lender, (vi) change the provisions of any Loan Document in a manner that by its terms adversely affects the rights in respect of payments due to Lenders holding Term Loans of one Class differently from the rights of Lenders holding Term Loans of any other Class without the prior written consent of Lenders holding a majority in interest of the outstanding Term Loans of each adversely affected Class, (vii) modify the protections afforded to an SPV pursuant to the provisions of Section 9.04(i) without the written consent of such SPV or (viii) reduce the percentage contained in the definition of the term “Required Lenders” without the prior written consent of each Lender (it being understood that with the consent of the Required Lenders, additional extensions of credit pursuant to this Agreement may be included in the determination

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of the Required Lenders on substantially the same basis as the Term Loan Commitments on the date hereof); provided further that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent or the Collateral Agent hereunder or under any other Loan Document without the prior written consent of the Administrative Agent, or the Collateral Agent.

(c) Notwithstanding anything in clause (b) or otherwise herein to the contrary, (i) any amendment or modification that would extend the final maturity date of the Term Loans of any Lender, with such Lender’s prior written consent, and increase the rate of interest and fees payable on the Term Loans of such Lender shall not require the prior written consent of each Lender, so long as such extension is offered to all Lenders holding such Term Loans on a pro rata basis based on the aggregate principal amount of such Term Loans then outstanding pursuant to procedures approved by the Administrative Agent, (ii) the payment in full of any Term Loans on the applicable final maturity date of such Term Loans and the payment of interest and fees made on account of the Term Loans of any Lender as required under this Agreement after giving effect to an amendment or other modification described in the preceding clause (i) shall not be deemed to violate Section 2.17 or be an event that would require the purchase of participations pursuant to Section 2.18; provided that, except as expressly set forth in the preceding clause (i), no such amendment or modification shall alter the pro rata requirements of Section 2.17, (iii) if the Borrowers shall request the release of any Collateral to be sold as part of any Asset Sale permitted under Section 6.05 and shall deliver to the Collateral Agent a certificate to the effect that such Asset Sale and the disposition of the proceeds thereof will comply with the terms of this Agreement, then the Collateral Agent, if reasonably satisfied that the certificate is correct, shall and is hereby authorized to, without the consent of any Lender (but subject to Section 9.08(b)(iv) ), execute and deliver all such instruments as may be required to effect the release of such Collateral and (iv) the Collateral Agent, the Borrowers and the Guarantors may amend, supplement or otherwise modify any Security Document so long as such amendment, supplement or other modification is not adverse to any Secured Party and such amendment shall become effective without any further consent of any other party to such Security Document. For the avoidance of doubt, any amendment or modification of the type described in the preceding clause (i) will require an agreement or agreements in writing entered into by the applicable Borrower and the Required Lenders and any extension of the final maturity date of the Term Loans of any Lender will require the prior written consent of such Lender.

(d) The Administrative Agent and the Borrowers may amend any Loan Document to correct administrative errors or omissions, or to effect administrative changes that are not adverse to any Lender. Notwithstanding anything to the contrary contained herein, such amendment shall become effective without any further consent of any other party to such Loan Document.

Section 9.09 [Reserved] .

Section 9.10 Entire Agreement . This Agreement, the Engagement Letter and the other Loan Documents constitute the entire contract between the parties relative to the subject matter hereof. Any other previous agreement among the parties with respect to the subject matter hereof is superseded by this Agreement and the other Loan Documents. Nothing

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in this Agreement or in the other Loan Documents, expressed or implied, is intended to confer upon any Person (other than the parties hereto and thereto, their respective successors and assigns permitted hereunder and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Collateral Agent and the Lenders) any rights, remedies, obligations or liabilities under or by reason of this Agreement or the other Loan Documents.

Section 9.11 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 RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS. 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 AND THE OTHER LOAN DOCUMENTS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 9.11 .

Section 9.12 Severability . In the event any one or more of the provisions contained in this Agreement or in any other Loan Document should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected or impaired thereby (it being understood that the invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the validity of 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 9.13 Counterparts . This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract, and shall become effective as provided in Section 9.03 . Delivery of an executed signature page to this Agreement by facsimile transmission or other customary means of electronic transmission, including by PDF file, shall be as effective as delivery of a manually signed counterpart of this Agreement.

Section 9.14 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 9.15 Jurisdiction ; Consent to Service of Process . (a) Each party hereto hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of any New York State court or Federal court of the United States of America sitting in the Borough of Manhattan, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or the other Loan Documents, 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

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may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that the Administrative Agent, the Collateral Agent or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or the other Loan Documents against the Borrowers, Holdings or their respective properties in the courts of any jurisdiction.

(b) Each party hereto 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 the other Loan Documents in any New York State or federal court sitting in the Borough of Manhattan, and any appellate court thereof. 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.

(c) To the extent permitted by law, each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.01 . Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law.

Section 9.16 Confidentiality . Each of the Administrative Agent, the Collateral Agent and the Lenders agrees (and each Lender agrees to cause its SPV, if any) to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ officers, directors, employees and agents, including accountants, legal counsel and other advisors, and to any rating agency in connection with rating Holdings and the Borrowers or the facilities hereunder or the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to the facilities hereunder or market data collectors, similar services providers to the lending industry and service providers to the Administrative Agent in connection with the administration and management of this Agreement and the Loan Documents (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority or quasi-regulatory authority (such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) in connection with the exercise of any remedies hereunder or under any other Loan Document or any suit, action or proceeding relating to this Agreement or any other Loan Document or the enforcement of its rights hereunder or thereunder, (e) subject to an agreement containing provisions substantially the same as those of this Section 9.16 , to (i) any actual or prospective assignee of or participant in any of its rights or obligations under this Agreement and the other Loan Documents (ii) any pledge referred to in Section 9.04(h) or (iii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Borrowers or any Subsidiary or any of their respective obligations, (f) with the consent of the Borrowers or (g) to the extent such Information becomes publicly available other than as a result of a breach of this Section 9.16 . For the purposes of this Section, “ Information ” shall mean all information received from either Borrower, Holdings or any other Loan Party and related to either Borrower, Holdings or any other Loan Party or their business or the Transactions, other

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than any such information that was available to the Administrative Agent, the Collateral Agent or any Lender on a non-confidential basis prior to its disclosure by the Borrowers or Holdings; provided that, in the case of Information received from either Borrower, Holdings or any other Loan Party after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section 9.16 shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord its own confidential information.

Section 9.17 Lender Action . Each Lender agrees that it shall not take or institute any actions or proceedings, judicial or otherwise, for any right or remedy against any Loan Party or any other obligor under any of the Loan Documents (including the exercise of any right of setoff, rights on account of any banker’s lien or similar claim or other rights of self-help), or institute any actions or proceedings, or otherwise commence any remedial procedures, with respect to any Collateral or any other property of any such Loan Party, unless expressly provided for herein or in any other Loan Document, without the prior written consent of the Administrative Agent. The provisions of this Section 9.17 are for the sole benefit of the Lenders and shall not afford any right to, or constitute a defense available to, any Loan Party.

Section 9.18 USA PATRIOT Act Notice . Each Lender and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies Holdings and the Borrowers that pursuant to the requirements of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies Holdings, the Borrowers and the other Loan Parties, which information includes the name and address of Holdings, the Borrowers and the other Loan Parties and other information that will allow such Lender or the Administrative Agent, as applicable, to identify Holdings, the Borrowers and the other Loan Parties in accordance with the USA PATRIOT Act.

Section 9.19 Release of Liens . If any of the Collateral shall be sold, transferred or otherwise disposed of by a Borrower or any other Loan Party in a transaction permitted by this Agreement (including by way of merger, consolidation or in connection with the sale of a Restricted Subsidiary permitted hereunder), then the Liens created by any of the Security Documents on such property shall be automatically released (without need for further action by any person) and in connection therewith, upon receipt by the Collateral Agent of a certificate of the applicable Borrower to the effect that such transaction and the disposition of the proceeds thereof will comply with the terms of this Agreement (with such supporting detail as the Collateral Agent may reasonably request), the Collateral Agent, at the request and sole expense of the Borrowers or such other Loan Party, shall execute and deliver without recourse, representation or warranty all releases or other documents necessary or desirable to evidence the release of the Liens created by any of the Security Documents on such Collateral.

Section 9.20 Judgment Currency . In respect of any judgment or order given or made for any amount due under this Agreement or any other Loan Document that is expressed and paid in a currency (the “ judgment currency ” ) other than Dollars (or Canadian Dollars, as applicable), the Loan Parties will indemnify the Administrative Agent and any Lender against any loss incurred by them as a result of any variation as between (i) the rate of exchange at which the Dollar (or Canadian Dollar, as applicable) amount is converted into the judgment

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currency for the purpose of such judgment or order and (ii) the rate of exchange, as quoted by the Administrative Agent or by a known dealer in the judgment currency that is designated by the Administrative Agent, at which the Administrative Agent or such Lender is able to purchase Dollars (or Canadian Dollars, as applicable) with the amount of the judgment currency actually received by the Administrative Agent or such Lender. The foregoing indemnity shall constitute a separate and independent obligation of the Loan Parties and shall survive any termination of this Agreement and the other Loan Documents, and shall continue in full force and effect notwithstanding any such judgment or order as aforesaid. The term “rate of exchange” shall include any premiums and costs of exchange payable in connection with the purchase of or conversion into Dollars (or Canadian Dollars, as applicable).

Section 9.21 Intercreditor Agreement . Notwithstanding anything to the contrary contained herein, each Lender acknowledges that the Liens and security interest granted to the Collateral Agent pursuant to the Security Documents and the exercise of any right or remedy by such Collateral Agent thereunder are subject to the provisions of the Intercreditor Agreement. In the event of any conflict between the terms of the Intercreditor Agreement and the Security Documents, the terms of the Intercreditor Agreement shall govern and control.

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

[Signature Page to Term Loan Agreement]

[Signature Page to Term Loan Agreement]

SCHEDULE 1.01(A)

Company Related Loan Parties

SCHEDULE 1.01(B)

Subsidiary Guarantors

US Subsidiary Guarantors

Canadian Subsidiary Guarantors