Common use of USE OF PLEDGED COLLATERAL Clause in Contracts

USE OF PLEDGED COLLATERAL. SECTION 3.1. Delivery of Certificated Securities Collateral 11 SECTION 3.2. Perfection of Uncertificated Securities Collateral 11 SECTION 3.3. [Reserved] 12 SECTION 3.4. Other Actions 12 SECTION 3.5. Joinder of Additional Guarantors; Release of Guarantors 13 SECTION 3.6. Supplements; Further Assurances 13 ARTICLE IV REPRESENTATIONS, WARRANTIES AND COVENANTS SECTION 4.1. Title 14 SECTION 4.2. Validity of Security Interest 14 SECTION 4.3. Defense of Claims; Transferability of Pledged Collateral 14 SECTION 4.4. Other Financing Statements 15 SECTION 4.5. Location of Inventory and Equipment 15 SECTION 4.6. Due Authorization and Issuance 15 SECTION 4.7. Consents, etc 15 SECTION 4.8. Pledged Collateral 15 SECTION 4.9. Insurance 16 SECTION 4.10. Chief Executive Office; Change of Name; Jurisdiction of Organization 16 ARTICLE V CERTAIN PROVISIONS CONCERNING SECURITIES COLLATERAL SECTION 5.1. Pledge of Additional Securities Collateral 16 SECTION 5.2. Voting Rights; Distributions; etc 17 SECTION 5.3. Defaults, etc 18 SECTION 5.4. Certain Agreements of Pledgors As Issuers and Holders of Equity Interests 18 ARTICLE VI CERTAIN PROVISIONS CONCERNING INTELLECTUAL PROPERTY COLLATERAL SECTION 6.1. Grant of Intellectual Property License 19 SECTION 6.2. Protection of Administrative Agent’s Security 19 SECTION 6.3. After-Acquired Intellectual Property Collateral 20 SECTION 6.4. Litigation 20 ARTICLE VII CERTAIN PROVISIONS CONCERNING RECEIVABLES SECTION 7.1. Maintenance of Records 21 SECTION 7.2. Legend 21 SECTION 7.3. Modification of Terms, etc 21 SECTION 7.4. Collection 21 ARTICLE VIII TRANSFERS SECTION 8.1. Transfers of Pledged Collateral 22 ARTICLE IX REMEDIES SECTION 9.1. Remedies 22 SECTION 9.2. Notice of Sale 24 SECTION 9.3. Waiver of Notice and Claims 24 SECTION 9.4. Certain Sales of Pledged Collateral 24 SECTION 9.5. No Waiver; Cumulative Remedies 26 SECTION 9.6. Certain Additional Actions Regarding Intellectual Property 26 ARTICLE X APPLICATION OF PROCEEDS SECTION 10.1. Application of Proceeds 27 ARTICLE XI MISCELLANEOUS

USE OF PLEDGED COLLATERAL. SECTION 3.1. Delivery of Certificated Securities Collateral 11 B-14 SECTION 3.2. Perfection of Uncertificated Securities Collateral 11 SECTION 3.3. [Reserved] 12 B-15 SECTION 3.4. Other Actions 12 B-15 SECTION 3.5. Joinder of Additional Guarantors; Release of Guarantors 13 B-18 SECTION 3.6. Supplements; Further Assurances 13 B-18 ARTICLE IV REPRESENTATIONS, WARRANTIES AND COVENANTS SECTION 4.1. Title 14 B-19 SECTION 4.2. Validity of Security Interest 14 B-19 SECTION 4.3. Defense of Claims; Transferability of Pledged Collateral 14 B-19 SECTION 4.4. Other Financing Statements 15 B-19 SECTION 4.5. Location of Inventory and Equipment 15 B-20 SECTION 4.6. Due Authorization and Issuance 15 B-20 SECTION 4.7. Consents, etc 15 etc. B-20 SECTION 4.8. Pledged Collateral 15 B-20 SECTION 4.9. Insurance 16 SECTION 4.10. Chief Executive Office; Change of Name; Jurisdiction of Organization 16 B-20 ARTICLE V CERTAIN PROVISIONS CONCERNING SECURITIES COLLATERAL SECTION 5.1. Pledge of Additional Securities Collateral 16 B-20 SECTION 5.2. Voting Rights; Distributions; etc 17 etc. B-21 SECTION 5.3. Defaults, etc 18 SECTION 5.4etc. B-22 [*****] Certain Agreements of Pledgors As Issuers information in this document has been omitted and Holders of Equity Interests 18 filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. ARTICLE VI CERTAIN PROVISIONS CONCERNING INTELLECTUAL PROPERTY COLLATERAL SECTION 6.1. Grant of Intellectual Property License 19 B-22 SECTION 6.2. Protection of Administrative Agent’s Security 19 After Acquired Property B-23 SECTION 6.3. After-Acquired Intellectual Property Collateral 20 SECTION 6.4. Litigation 20 B-23 ARTICLE VII CERTAIN PROVISIONS CONCERNING RECEIVABLES SECTION 7.1. Maintenance of Records 21 B-23 SECTION 7.2. Legend 21 B-24 SECTION 7.3. Modification of Terms, etc 21 B-24 SECTION 7.4. Collection 21 B-24 ARTICLE VIII TRANSFERS SECTION 8.1. Transfers of Pledged Collateral 22 B-24 ARTICLE IX REMEDIES SECTION 9.1. Remedies 22 B-25 SECTION 9.2. Notice of Sale 24 B-26 SECTION 9.3. Waiver of Notice and Claims 24 B-26 SECTION 9.4. Certain Sales of Pledged Collateral 24 B-27 SECTION 9.5. No Waiver; Cumulative Remedies 26 B-27 SECTION 9.6. Certain Additional Actions Regarding Intellectual Property 26 B-28 ARTICLE X APPLICATION OF PROCEEDS SECTION 10.1. Application of Proceeds 27 B-28 ARTICLE XI MISCELLANEOUSMISCELLANEOUS SECTION 11.1. Concerning Secured Party B-28

USE OF PLEDGED COLLATERAL. SECTION 3.1. Delivery of Certificated Securities Collateral 11 15 SECTION 3.2. Perfection of Uncertificated Securities Collateral 11 15 SECTION 3.3. [Reserved] 12 Financing Statements and Other Filings; Maintenance of Perfected Security Interest 16 SECTION 3.4. Other Actions 12 16 SECTION 3.5. Joinder of Additional Guarantors; Release of Subsidiary Guarantors 13 21 SECTION 3.6. Supplements; Further Assurances 13 21 ARTICLE IV REPRESENTATIONS, WARRANTIES AND COVENANTS SECTION 4.1. Title 14 22 SECTION 4.2. Validity of Security Interest 14 22 Page SECTION 4.3. Defense of Claims; Transferability of Pledged Collateral 14 23 SECTION 4.4. Other Financing Statements 15 23 SECTION 4.5. Location of Inventory and Equipment 15 SECTION 4.6. Due Authorization and Issuance 15 SECTION 4.7. Consents, etc 15 SECTION 4.8. Pledged Collateral 15 SECTION 4.9. Insurance 16 SECTION 4.10. Chief Executive Office; Change of Name; Jurisdiction of Organization 16 23 SECTION 4.6. Location of Inventory and Equipment. 23 SECTION 4.7. Due Authorization and Issuance 24 SECTION 4.8. Consents, etc. 24 SECTION 4.9. Pledged Collateral 24 SECTION 4.10. [Reserved] 24 SECTION 4.11. Payment of Taxes; Compliance with Laws; Contesting Liens; Claims 24 SECTION 4.12. Access to Pledged Collateral, Books and Records; Other Information 25 ARTICLE V CERTAIN PROVISIONS CONCERNING SECURITIES COLLATERAL SECTION 5.1. Pledge of Additional Securities Collateral 16 25 SECTION 5.2. Voting Rights; Distributions; etc 17 etc. 25 SECTION 5.3. Defaults, etc 18 [Reserved] 26 SECTION 5.4. Certain Agreements of Pledgors As as Issuers and Holders of Equity Interests 18 27 ARTICLE VI CERTAIN PROVISIONS CONCERNING INTELLECTUAL PROPERTY COLLATERAL SECTION 6.1. Grant of Intellectual Property License 19 27 SECTION 6.2. Protection of Administrative Agent’s Security 19 27 SECTION 6.3. After-Acquired Intellectual Property Collateral 20 28 SECTION 6.4. Litigation 20 29 ARTICLE VII CERTAIN PROVISIONS CONCERNING RECEIVABLES ACCOUNTS SECTION 7.1. Maintenance of Records 21 30 SECTION 7.2. Legend 21 30 SECTION 7.3. Modification of Terms, etc 21 30 SECTION 7.4. Collection 21 30 Page ARTICLE VIII TRANSFERS SECTION 8.1. Transfers of Pledged Collateral 22 31 ARTICLE IX REMEDIES SECTION 9.1. Remedies 22 31 SECTION 9.2. Notice of Sale 24 33 SECTION 9.3. Waiver of Notice and Claims 24 33 SECTION 9.4. Certain Sales of Pledged Collateral 24 34 SECTION 9.5. No Waiver; Cumulative Remedies 26 35 SECTION 9.6. Certain Additional Actions Regarding Intellectual Property 26 35 ARTICLE X PROCEEDS OF CASUALTY EVENTS AND COLLATERAL DISPOSITIONS; APPLICATION OF PROCEEDS SECTION 10.1. Proceeds of Casualty Events and Collateral Dispositions 36 SECTION 10.2. Application of Proceeds 27 36 ARTICLE XI MISCELLANEOUS

USE OF PLEDGED COLLATERAL. SECTION 3.1. Delivery of Certificated Securities Collateral 11 Pledged Equity 5 SECTION 3.2. Perfection of Uncertificated Securities Collateral 11 Limited Liability Company and Partnership Interests 6 SECTION 3.3. [Reserved] 12 6 SECTION 3.4. Other Actions 12 SECTION 3.5. Joinder of Additional Guarantors; Release of Guarantors 13 6 SECTION 3.63.5. Supplements; Further Assurances 13 6 Confidential Treatment Requested by Uber Technologies, Inc. Pursuant to 17 C.F.R. Section 200.83 Page ARTICLE IV REPRESENTATIONS, WARRANTIES AND COVENANTS SECTION 4.1. Title 14 7 SECTION 4.2. Validity of Security Interest 14 7 SECTION 4.3. Defense of Claims; Transferability of Pledged Collateral 14 8 SECTION 4.4. Other Financing Statements 15 [Reserved] 8 SECTION 4.5. Location of Inventory and Equipment 15 Information Regarding Collateral 8 SECTION 4.6. Due Authorization and Issuance 15 8 SECTION 4.7. Consents, etc 15 Pledgors and Pledged Collateral 8 SECTION 4.8. Pledged Collateral 15 SECTION 4.9. Insurance 16 SECTION 4.10. Chief Executive Office; Change of Name; Jurisdiction of Organization 16 Intellectual Property 9 ARTICLE V CERTAIN PROVISIONS CONCERNING SECURITIES COLLATERAL PLEDGED EQUITY SECTION 5.1. Pledge of Additional Securities Collateral 16 Pledged Equity 9 SECTION 5.2. Voting Rights; Distributions; etc 17 9 SECTION 5.3. Defaults, etc 18 [Reserved] 11 SECTION 5.4. Certain Agreements of Pledgors As as Issuers and Holders of Equity Interests 18 11 ARTICLE VI CERTAIN PROVISIONS CONCERNING INTELLECTUAL PROPERTY COLLATERAL Collateral SECTION 6.1. Grant of Intellectual Property License 19 11 SECTION 6.2. Protection of Administrative Agent’s Security 19 12 SECTION 6.3. After-Acquired Intellectual Property Collateral 20 12 SECTION 6.4. Litigation 20 12 Confidential Treatment Requested by Uber Technologies, Inc. Pursuant to 17 C.F.R. Section 200.83 Page ARTICLE VII CERTAIN PROVISIONS CONCERNING RECEIVABLES SECTION 7.1. Maintenance of Records 21 SECTION 7.2. Legend 21 SECTION 7.3. Modification of Terms, etc 21 SECTION 7.4. Collection 21 ARTICLE VIII TRANSFERS SECTION 8.1. Transfers of Pledged Collateral 22 ARTICLE IX REMEDIES SECTION 9.1. Remedies 22 SECTION 9.2. Notice of Sale 24 SECTION 9.3. Waiver of Notice and Claims 24 SECTION 9.4. Certain Sales of Pledged Collateral 24 SECTION 9.5. No Waiver; Cumulative Remedies 26 SECTION 9.6. Certain Additional Actions Regarding Intellectual Property 26 ARTICLE X APPLICATION OF PROCEEDS SECTION 10.1. Application of Proceeds 27 ARTICLE XI MISCELLANEOUS[RESERVED]

USE OF PLEDGED COLLATERAL. SECTION 3.1. Delivery of Certificated Securities Collateral 11 14 SECTION 3.2. Perfection of Uncertificated Securities Collateral 11 15 SECTION 3.3. [Reserved] 12 Financing Statements and Other Filings; Maintenance of Perfected Security Interest 15 SECTION 3.4. Other Actions 12 16 SECTION 3.5. Joinder of Additional Guarantors; Release of Subsidiary Guarantors 13 21 SECTION 3.6. Supplements; Further Assurances 13 21 ARTICLE IV REPRESENTATIONS, WARRANTIES AND COVENANTS SECTION 4.1. Title 14 22 SECTION 4.2. Validity of Security Interest 14 22 Page SECTION 4.3. Defense of Claims; Transferability of Pledged Collateral 14 23 SECTION 4.4. Other Financing Statements 15 23 SECTION 4.5. Location of Inventory and Equipment 15 SECTION 4.6. Due Authorization and Issuance 15 SECTION 4.7. Consents, etc 15 SECTION 4.8. Pledged Collateral 15 SECTION 4.9. Insurance 16 SECTION 4.10. Chief Executive Office; Change of Name; Jurisdiction of Organization 16 ARTICLE V CERTAIN PROVISIONS CONCERNING SECURITIES COLLATERAL 23 SECTION 5.14.6. Pledge Location of Additional Securities Collateral 16 Inventory and Equipment. 23 SECTION 5.24.7. Voting Rights; Distributions; etc 17 SECTION 5.3. Defaults, etc 18 SECTION 5.4. Certain Agreements of Pledgors As Issuers Due Authorization and Holders of Equity Interests 18 ARTICLE VI CERTAIN PROVISIONS CONCERNING INTELLECTUAL PROPERTY COLLATERAL SECTION 6.1. Grant of Intellectual Property License 19 SECTION 6.2. Protection of Administrative Agent’s Security 19 SECTION 6.3. After-Acquired Intellectual Property Collateral 20 SECTION 6.4. Litigation 20 ARTICLE VII CERTAIN PROVISIONS CONCERNING RECEIVABLES SECTION 7.1. Maintenance of Records 21 SECTION 7.2. Legend 21 SECTION 7.3. Modification of Terms, etc 21 SECTION 7.4. Collection 21 ARTICLE VIII TRANSFERS SECTION 8.1. Transfers of Pledged Collateral 22 ARTICLE IX REMEDIES SECTION 9.1. Remedies 22 SECTION 9.2. Notice of Sale Issuance 24 SECTION 9.34.8. Waiver of Notice and Claims Consents, etc. 24 SECTION 9.44.9. Certain Sales of Pledged Collateral 24 SECTION 9.54.10. No Waiver[Reserved] 24 SECTION 4.11. Payment of Taxes; Cumulative Remedies 26 Compliance with Laws; Contesting Liens; Claims 24 SECTION 9.64.12. Certain Additional Actions Regarding Intellectual Property 26 Access to Pledged Collateral, Books and Records; Other Information 25 ARTICLE X APPLICATION OF PROCEEDS SECTION 10.1. Application of Proceeds 27 ARTICLE XI MISCELLANEOUSV

USE OF PLEDGED COLLATERAL. SECTION 3.1. Delivery of Certificated Securities Collateral 11 16 SECTION 3.2. Perfection of Uncertificated Securities Collateral 11 16 SECTION 3.3. [Reserved] 12 Financing Statements and Other Filings; Maintenance of Perfected Security Interest 17 SECTION 3.4. Other Actions 12 17 SECTION 3.5. Joinder of Additional Guarantors; Release of Guarantors 13 20 SECTION 3.6. Supplements; Further Assurances 13 20 ARTICLE IV REPRESENTATIONS, WARRANTIES AND COVENANTS SECTION 4.1. Title 14 21 SECTION 4.2. Validity of Security Interest 14 21 SECTION 4.3. Defense of Claims; Transferability of Pledged Collateral 14 22 SECTION 4.4. Other Financing Statements 15 22 SECTION 4.5. Location of Inventory and Equipment 15 SECTION 4.6. Due Authorization and Issuance 15 SECTION 4.7. Consents, etc 15 SECTION 4.8. Pledged Collateral 15 SECTION 4.9. Insurance 16 SECTION 4.10. Chief Executive Office; Change of Name; Jurisdiction of Organization 16 22 SECTION 4.6. Location of Inventory and Equipment 23 SECTION 4.7. Due Authorization and Issuance 23 SECTION 4.8. Consents, etc. 23 SECTION 4.9. Pledged Collateral 23 SECTION 4.10. Insurance 24 SECTION 4.11. Intellectual Property Collateral 24 ARTICLE V CERTAIN PROVISIONS CONCERNING SECURITIES COLLATERAL SECTION 5.1. Pledge of Additional Securities Collateral 16 25 SECTION 5.2. Voting Rights; Distributions; etc 17 etc. 26 SECTION 5.3. Defaults, etc 18 etc. 27 SECTION 5.4. Certain Agreements of Pledgors As as Issuers and Holders of Equity Interests 18 ARTICLE VI CERTAIN PROVISIONS CONCERNING INTELLECTUAL PROPERTY COLLATERAL SECTION 6.1. Grant of Intellectual Property License 19 SECTION 6.2. Protection of Administrative Agent’s Security 19 SECTION 6.3. After-Acquired Intellectual Property Collateral 20 SECTION 6.4. Litigation 20 ARTICLE VII CERTAIN PROVISIONS CONCERNING RECEIVABLES SECTION 7.1. Maintenance of Records 21 SECTION 7.2. Legend 21 SECTION 7.3. Modification of Terms, etc 21 SECTION 7.4. Collection 21 ARTICLE VIII TRANSFERS SECTION 8.1. Transfers of Pledged Collateral 22 ARTICLE IX REMEDIES SECTION 9.1. Remedies 22 SECTION 9.2. Notice of Sale 24 SECTION 9.3. Waiver of Notice and Claims 24 SECTION 9.4. Certain Sales of Pledged Collateral 24 SECTION 9.5. No Waiver; Cumulative Remedies 26 SECTION 9.6. Certain Additional Actions Regarding Intellectual Property 26 ARTICLE X APPLICATION OF PROCEEDS SECTION 10.1. Application of Proceeds 27 ARTICLE XI MISCELLANEOUSVI

USE OF PLEDGED COLLATERAL. SECTION 3.1. Delivery of Certificated Securities Collateral 11 14 SECTION 3.2. Perfection of Uncertificated Securities Collateral 11 15 SECTION 3.3. [Reserved] 12 Financing Statements and Other Filings; Maintenance of Perfected Security Interest 15 SECTION 3.4. Other Actions 12 16 SECTION 3.5. Joinder of Additional Guarantors; Release of Subsidiary Guarantors 13 21 SECTION 3.6. Supplements; Further Assurances 13 21 ARTICLE IV REPRESENTATIONS, WARRANTIES AND COVENANTS SECTION 4.1. Title 14 22 SECTION 4.2. Validity of Security Interest 14 22 Page SECTION 4.3. Defense of Claims; Transferability of Pledged Collateral 14 23 SECTION 4.4. Other Financing Statements 15 23 SECTION 4.5. Location of Inventory and Equipment 15 SECTION 4.6. Due Authorization and Issuance 15 SECTION 4.7. Consents, etc 15 SECTION 4.8. Pledged Collateral 15 SECTION 4.9. Insurance 16 SECTION 4.10. Chief Executive Office; Change of Name; Jurisdiction of Organization 16 23 SECTION 4.6. Location of Inventory and Equipment 23 SECTION 4.7. Due Authorization and Issuance 24 SECTION 4.8. Consents, etc. 24 SECTION 4.9. Pledged Collateral 24 SECTION 4.10. [Reserved] 24 SECTION 4.11. Payment of Taxes; Compliance with Laws; Contesting Liens; Claims 24 SECTION 4.12. Access to Pledged Collateral, Books and Records; Other Information 25 ARTICLE V CERTAIN PROVISIONS CONCERNING SECURITIES COLLATERAL SECTION 5.1. Pledge of Additional Securities Collateral 16 25 SECTION 5.2. Voting Rights; Distributions; etc 17 etc. 25 SECTION 5.3. Defaults, etc 18 [Reserved] 26 SECTION 5.4. Certain Agreements of Pledgors As as Issuers and Holders of Equity Interests 18 27 ARTICLE VI CERTAIN PROVISIONS CONCERNING INTELLECTUAL PROPERTY COLLATERAL SECTION 6.1. Grant of Intellectual Property License 19 27 SECTION 6.2. Protection of Administrative Agent’s Security 19 27 SECTION 6.3. After-Acquired Intellectual Property Collateral 20 28 SECTION 6.4. Litigation 20 29 ARTICLE VII CERTAIN PROVISIONS CONCERNING RECEIVABLES ACCOUNTS SECTION 7.1. Maintenance of Records 21 30 SECTION 7.2. Legend 21 30 SECTION 7.3. Modification of Terms, etc 21 etc. 30 SECTION 7.4. Collection 21 30 Page ARTICLE VIII TRANSFERS SECTION 8.1. Transfers of Pledged Collateral 22 31 ARTICLE IX REMEDIES SECTION 9.1. Remedies 22 31 SECTION 9.2. Notice of Sale 24 33 SECTION 9.3. Waiver of Notice and Claims 24 33 SECTION 9.4. Certain Sales of Pledged Collateral 24 34 SECTION 9.5. No Waiver; Cumulative Remedies 26 35 SECTION 9.6. Certain Additional Actions Regarding Intellectual Property 26 35 ARTICLE X PROCEEDS OF CASUALTY EVENTS AND COLLATERAL DISPOSITIONS; APPLICATION OF PROCEEDS SECTION 10.1. Proceeds of Casualty Events and Collateral Dispositions 36 SECTION 10.2. Application of Proceeds 27 36 ARTICLE XI MISCELLANEOUS

USE OF PLEDGED COLLATERAL. SECTION 3.1. Delivery of Certificated Securities Collateral 11 13 SECTION 3.2. Perfection of Uncertificated Securities Collateral 11 13 SECTION 3.3. [Reserved] 12 Financing Statements and Other Filings; Maintenance of Perfected Security Interest 14 SECTION 3.4. Other Actions 12 15 SECTION 3.5. Joinder of Additional Guarantors; Release of Guarantors 13 18 SECTION 3.6. Supplements; Further Assurances 13 19 ARTICLE IV REPRESENTATIONS, WARRANTIES AND COVENANTS SECTION 4.1. Title 14 19 SECTION 4.2. Validity of Security Interest 14 20 SECTION 4.3. Defense of Claims; /Transferability of Pledged Collateral 14 20 SECTION 4.4. Other Financing Statements 15 20 Page SECTION 4.5. Location of Inventory and Equipment 15 SECTION 4.6. Due Authorization and Issuance 15 SECTION 4.7. Consents, etc 15 SECTION 4.8. Pledged Collateral 15 SECTION 4.9. Insurance 16 SECTION 4.10. Chief Executive Office; Change of Name; Jurisdiction of Organization 16 20 SECTION 4.6. Location of Inventory and Equipment 21 SECTION 4.7. Corporate Names; Prior Transactions 22 SECTION 4.8. Due Authorization and Issuance 22 SECTION 4.9. No Conflicts, Consents, etc 22 SECTION 4.10. Pledged Collateral 22 SECTION 4.11. Insurance 22 SECTION 4.12. Payment of Taxes; Compliance with Laws; Contesting Liens; Claims 23 ARTICLE V CERTAIN PROVISIONS CONCERNING SECURITIES COLLATERAL SECTION 5.1. Pledge of Additional Securities Collateral 16 23 SECTION 5.2. Voting Rights; Distributions; etc 17 etc. 23 SECTION 5.3. Operative Agreements 25 SECTION 5.4. Defaults, etc 18 25 SECTION 5.45.5. Certain Agreements of Pledgors As as Issuers and Holders of Equity Interests 18 25 ARTICLE VI CERTAIN PROVISIONS CONCERNING INTELLECTUAL PROPERTY COLLATERAL SECTION 6.1. Grant of Intellectual Property License 19 25 SECTION 6.2. Protection of Administrative Agent’s Security 19 26 SECTION 6.3. After-Acquired Intellectual Property Collateral 20 27 SECTION 6.4. Modifications 27 SECTION 6.5. Litigation 20 27 ARTICLE VII CERTAIN PROVISIONS CONCERNING RECEIVABLES ACCOUNTS SECTION 7.1. Maintenance of Records 21 28 SECTION 7.2. Legend 21 28 SECTION 7.3. Modification of Terms, etc 21 28 SECTION 7.4. Collection 21 28 ARTICLE VIII TRANSFERS SECTION 8.1. Transfers of Pledged Collateral 22 29 Page ARTICLE IX REMEDIES SECTION 9.1. Remedies 22 29 SECTION 9.2. Notice of Sale 24 31 SECTION 9.3. Waiver of Notice and Claims 24 31 SECTION 9.4. Certain Sales of Pledged Collateral 24 31 SECTION 9.5. No Waiver; Cumulative Remedies 26 32 SECTION 9.6. Certain Additional Actions Regarding Intellectual Property 26 33 ARTICLE X COLLATERAL ACCOUNT/PROCEEDS OF CASUALTY EVENTS AND COLLATERAL DISPOSITIONS/APPLICATION OF PROCEEDS SECTION 10.1. Collateral Account 33 SECTION 10.2. Proceeds of Casualty Events and Collateral Dispositions 34 SECTION 10.3. Application of Proceeds 27 34 ARTICLE XI MISCELLANEOUSMISCELLANEOUS SECTION 11.1. Concerning Administrative Agent 34 SECTION 11.2. Administrative Agent May Perform; Administrative Agent Appointed Attorney-in-Fact 35 SECTION 11.3. Continuing Security Interest; Assignment 36 SECTION 11.4. Termination; Release 36 SECTION 11.5. Modification in Writing 37 SECTION 11.6. Notices 37 SECTION 11.7. GOVERNING LAW 37 SECTION 11.8. CONSENT TO JURISDICTION AND SERVICE OF PROCESS; WAIVER OF JURY TRIAL 37 SECTION 11.9. Severability of Provisions 38 SECTION 11.10. Execution in Counterparts 38 SECTION 11.11. Business Days 38 SECTION 11.12. Waiver of Stay 38 SECTION 11.13. No Credit for Payment of Taxes or Imposition 38 SECTION 11.14. No Claims Against Administrative Agent 38 SECTION 11.15. No Release 39 SECTION 11.16. Obligations Absolute 39 SIGNATURES SCHEDULE 3.4 Locations for Landlord Lien Waivers/Bailee Letters SCHEDULE 4.9 Required Consents EXHIBIT 1 Form of Issuer’s Acknowledgment EXHIBIT 2 Form of Securities Pledge Amendment EXHIBIT 3 Form of Joinder Agreement EXHIBIT 4 Form of Control Agreement Concerning Securities Accounts EXHIBIT 5 Form of Control Agreement Concerning Deposit Accounts EXHIBIT 6 Form of Copyright Security Agreement EXHIBIT 7 Form of Patent Security Agreement EXHIBIT 8 Form of Trademark Security Agreement U.S. SECURITY AGREEMENT U.S. SECURITY AGREEMENT dated as of December 18, 2003 (as amended, amended and restated, supplemented or otherwise modified from time to time in accordance with the provisions hereof, this “Agreement”) made by BRP (USA) Inc., a corporation existing under the laws of Delaware (the “U.S. Revolving Borrower”), BRP Holding LP, a limited partnership formed under the laws of Delaware (the “U.S. Term Borrower” and, together with the U.S. Revolving Borrower, the “U.S. Borrowers”), and THE GUARANTORS LISTED ON THE SIGNATURE PAGES HERETO (the “Original Guarantors”) OR FROM TIME TO TIME PARTY HERETO BY EXECUTION OF A JOINDER AGREEMENT (the “Additional Guarantors” and, together with the Original Guarantors, the “U.S. Guarantors”), as pledgors, assignors and debtors (the U.S. Borrowers, together with the U.S. Guarantors, in such capacities and together with any successors in such capacities, the “Pledgors” and each, a “Pledgor”), in favor of the BANK OF MONTREAL, in its capacity as Administrative Agent pursuant to the Credit Agreement (as hereinafter defined), as pledgee, assignee and secured party (in such capacities and together with any successors in such capacities, the “Administrative Agent”).