EX-10.1

Exhibit 10.1

EXECUTIONVERSION

AMENDMENT NO. 11 TO RECEIVABLES FINANCING AGREEMENT

ThisAMENDMENTNO.11TORECEIVABLESFINANCINGAGREEMENT,dated

as of September 21,2026 (this “Amendment”), among TRAEGERSPELLC,aDelawarelimited liability company (the “Borrower”), TRAEGER PELLET GRILLS LLC, a Delaware limited liability company (in such capacity, the “Servicer”), as initial Servicer, the Persons identified as such on the signature pages hereto as Lenders and Group Agents and MUFG BANK, LTD. (“MUFG”), as a Committed Lender, as a Group Agent and as Administrative Agent.

WITNESSETH:

WHEREAS, the parties hereto have heretofore entered into that certain Receivables FinancingAgreement,datedasofNovember2,2020(asamendedbythatcertainAmendmentNo. 1 to Receivables Financing Agreement dated as of June 29, 2021, that certain Amendment No. 2 to Receivables Financing Agreement dated February 18, 2022, that certain Amendment No. 3 to Receivables Financing Agreement dated July 20, 2022, that certain Amendment No. 4 to Receivables Financing Agreement dated August 19, 2022, that certain Amendment No. 5 to Receivables Financing Agreement dated September 21, 2022, that certain Amendment No. 6 to ReceivablesFinancingAgreementdatedSeptember30,2022,thatcertainWaiverandAmendment No.7toReceivablesFinancingAgreementdatedNovember8,2022,thatcertainAmendmentNo. 8 to Receivables Financing Agreement dated June 23, 2023, that certain Amendment No. 9 to Receivables Financing Agreement dated November 8, 2023, and that certain Amendment No. 10 toReceivablesFinancingAgreementdatedasofAugust6,2024andasfurtheramended,restated, supplemented, assigned or otherwise modified from time to time prior to the date hereof, the “Original Receivables Financing Agreement” and, as further modified by this Amendment, the “Amended Receivables Financing Agreement”); and

WHEREAS, the parties hereto desire to modify the Original Receivables Financing Agreement pursuant to Section 13.01thereof upon the terms hereof.

NOW, THEREFORE, in exchange for good and valuable consideration (the receipt and sufficiencyofwhichareherebyacknowledgedandconfirmed),eachofthepartiesheretoagreeas follows:

AGREEM ENT:

1.Definitions.Unless otherwise defined or provided herein, capitalized terms used herein have the meanings attributed thereto in (or by reference in) Section 1.01of the Amended Receivables Financing Agreement.

2.AmendmenttotheOriginalReceivablesFinancingAgreement.Effectiveasofthe date hereof, the Original Receivables Financing Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and toaddthedouble-underlinedtext(indicatedtextuallyinthesamemannerasthefollowing

example:double-underlinedtext)assetforthintheAmendedReceivablesFinancingAgreement attached hereto as Exhibit A.

3.Conditions to Effectiveness.This Amendment shall be effective as of the date hereof upon the Administrative Agent having received a counterpart of this Amendment duly executed by each of the other parties hereto.

4.Certain Representations and Warranties.Each of the Servicer and the Borrower represents and warrants to each Credit Party as of the date hereof, as follows:

(a)RepresentationsandWarranties.AftergivingeffecttothisAmendmentand the transactions contemplated hereby, all of its respective representations and warranties contained in the Amended Receivables Financing Agreement and each other Transaction Document to which it is a party are true and correct.

(b)Power and Authority; Due Authorization. That it has all necessary limited liability company power, and authority (as applicable) to (i) execute and deliver this Amendment and the transactions contemplated hereby and (ii) perform its obligations under this Amendment, the Amended Receivables Financing Agreement and each of the other Transaction Documents to which it is a party and the execution, delivery and performance of, and the consummation of the transactions provided for in, this Amendment, the Amended Receivables Financing Agreement and the other Transaction Documents to which it is a party have been duly authorized by all necessary corporate or limited liability company action, as applicable.

(c)Binding Obligations.This Amendment, the Amended Receivables Financing Agreement and each of the other Transaction Documents to which it is a party constitutethelegal,validandbindingobligationsofsuchPersonenforceableagainstsuch Person in accordance with their respective terms, except as enforceability may be limited byapplicablebankruptcy,insolvency,reorganization,moratoriumorsimilarlawsaffecting the enforcement of creditors’ rights generally and by general equitable principles.

(d)No Event of Default, Unmatured Event of Default, or Purchase andContribution Termination Event.After giving effect to this Amendment, (i) no Event of Default,UnmaturedEventofDefaultorPurchaseandContributionTerminationEventhas occurred that is continuing, and (ii) no Event of Default, Unmatured Event of Default or Purchase and Contribution Termination Event would result from this Amendment or the transactions contemplated hereby.

5.ReferencetoandEffectontheOriginalReceivablesFinancing AgreementandtheOther Transaction Documents.

From and after the effectiveness of this Amendment, each reference in the Original Receivables Financing Agreement to “this Agreement”, “hereof”, “herein”, “hereunder” or words of like import, and each reference in each of the other Transaction Documents to the “Receivables Financing Agreement”, “thereunder”, “thereof” or words of like import, in each case referring to the

Original Receivables Financing Agreement, shall mean and be, a reference to the Amended Receivables Financing Agreement.

(a)The Original Receivables Financing Agreement (except as specifically amended herein) and the other Transaction Documents are hereby ratified and confirmed in all respects by each of the parties hereto and shall remain in full force and effect in accordance with its respective terms.

(b)The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of or amendment to, any right, power or remedy of the Administrative Agent or any other Credit Party under, nor constitute a waiver of or amendment to, any other provision or condition under, the Original Receivables Financing Agreement or any other Transaction Document.

6.Costs and Expenses.The Borrower agrees to pay on demand all reasonable and documented out-of-pocket costs and expenses of the Administrative Agent and the other Credit Partiesinconnectionwiththepreparation,negotiation,executionanddeliveryofthisAmendment and the transactions contemplated hereby.

7.GOVERNING LAW.THIS AMENDMENT, INCLUDING THE RIGHTS AND DUTIES OF THE PARTIES HERETO, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK, BUT WITHOUT REGARD TO ANY OTHER CONFLICT OF LAWS PROVISIONS THEREOF).

8.Transaction Documents.This Amendment is a Transaction Document executed pursuant to the Original Receivables Financing Agreement and shall be construed, administered and applied in accordance with the terms and provisions thereof.

9.Integration.This Amendment, the Amended Receivables Financing Agreement and the other Transaction Documents contain the final and complete integration of all prior expressions by theparties hereto with respect to thesubject matterhereof and shall constitutethe entireagreementamongthepartiesheretowithrespecttothesubjectmatterhereofsupersedingall prior oral or written understandings.

10.Severability.Any provisions of this Amendment that are prohibited or unenforceableinanyjurisdictionshall,astosuchjurisdiction,beineffectivetotheextentofsuch prohibitionorunenforceabilitywithoutinvalidatingtheremainingprovisionshereof,andanysuch prohibitionorunenforceabilityinanyjurisdictionshallnotinvalidateorrenderunenforceablesuch provision in any other jurisdiction.

Counterparts.This Amendment may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement.Delivery of an executed signature page of this Amendment by facsimile transmission, emailed pdf. or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of an originalexecuted

counterparthereoforanyotherelectronicmeansasprovidedintheimmediately following sentence. The words “execution,” “signed,” “signature,” “delivery,” and words of like importinorrelatingtoanydocumenttobesignedinconnectionwiththisAmendmentandthe

transactions contemplated hereby shall be deemed to include an electronic sound, symbol, or processattachedto,orassociatedwith,acontractorotherrecordandadoptedbyaPersonwiththe intent to sign, authenticate or accept such contract or record, deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manuallyexecutedsignature,physical delivery thereofortheuseof apaper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

11.Mutual Negotiations.This Amendment is the product of mutual negotiations by the parties hereto and their counsel, and no party shall be deemed the draftsperson of this Amendment or any provision hereof or to have provided the same.Accordingly, in the event of any inconsistency or ambiguity of any provision of this Amendment, such inconsistency or ambiguity shall not be interpreted against any party because of such party’s involvement in the draftingthereof.Headings.ThecaptionsandheadingsofthisAmendmentareincludedhereinfor convenience of reference only and shall not affect the interpretation of this Amendment.

14.Reaffirmation of Performance Guaranty.By executing a counterpart to this Amendment, the Performance Guarantor hereby unconditionally reaffirms its obligations under the Performance Guaranty and acknowledges and agrees that such obligations continue in full force and effect (including, without limitation, with respect to the Guaranteed Obligations, as defined in the Performance Guaranty), and the Performance Guaranty is hereby ratified and confirmed.

[THEREMAINDEROFTHISPAGEINTENTIONALLYLEFTBLANK]

INWITNESSWHEREOF,thepartiesheretohavecausedthisAmendmenttobeexecuted by their respective officers thereunto duly authorized, as of the date first abovewritten.

ExhibitA

[Attached]

ExhibitA    AmendmentNo.11toRFA

EXHIBIT A TO TENTHELEVENTHAMENDMENT

Conformedthrough: First Amendment, dated as of June 29, 2021 SecondAmendment,datedasofFebruary18,2022 Third Amendment, dated as of July 20, 2022 Fourth Amendment, dated as of August 19, 2022 Fifth Amendment, dated as of September 21, 2022 Sixth Amendment, dated as of September 30, 2022

SeventhWaiverandAmendment,datedasofNovember8,2022 Eighth Amendment, dated as of June 23, 2023 NinthAmendment,datedasofNovember8,2023 Tenth Amendment, dated as of August 6, 2024

EleventhAmendment,datedasofSeptember21,2026

RECEIVABLESFINANCINGAGREEMENT

DatedasofNovember2,2020 by and among

TRAEGERSPE LLC,

asBorrower,

THEPERSONSFROMTIMETOTIMEPARTYHERETO,

asLendersandasGroupAgents,

MUFGBANK,LTD.,

asAdministrativeAgent, and

TRAEGERPELLETGRILLSLLC,

asinitialServicer

TABLE OF CONTENTS

Page

ARTICLEIDEFINITIONS1

SECTION1.01.    CertainDefinedTerms    1

SECTION1.02.    OtherInterpretativeMatters    35

ARTICLEIITERMSOFTHE LOANS36

SECTION2.01.    LoanFacility    36

SECTION2.02.    MakingLoans;RepaymentofLoans    36

SECTION2.03.    InterestandFees    38

SECTION2.04.    RecordsofLoans    38

ARTICLEIII    SETTLEMENTPROCEDURESANDPAYMENTPROVISIONS    39

SECTION3.01.    SettlementProcedures    39

SECTION3.02.    PaymentsandComputations,Etc    42

ARTICLEIV    INCREASEDCOSTS;FUNDINGLOSSES;TAXES;ILLEGALITY

ANDSECURITYINTEREST    42

SECTION4.01.    IncreasedCosts    42

SECTION4.02.    FundingLosses    44

SECTION4.03.    Taxes    44

SECTION4.04.    InabilitytoDetermineAdjustedLIBOR;Changein

Legality    48

SECTION4.05.    SecurityInterest    49

SECTION4.06.    SuccessorAdjustedLIBOR    50

ARTICLEV    CONDITIONSTOEFFECTIVENESSANDCREDITEXTENSIONS    51

SECTION 5.01.    Conditions Precedent to Effectiveness and the Initial Credit Extension    51

SECTION5.02.    Conditions Precedent to All Credit Extensions    51

SECTION5.03.    ConditionsPrecedenttoAllReleases    52

ARTICLEVIREPRESENTATIONSAND WARRANTIES53

SECTION6.01.    RepresentationsandWarrantiesoftheBorrower    53

SECTION6.02.    RepresentationsandWarrantiesoftheServicer    58

ARTICLEVIICOVENANTS62

SECTION7.01.    CovenantsoftheBorrower    62

SECTION7.02.    CovenantsoftheServicer    70

TABLE OF CONTENTS

(continued)

Page

SECTION7.03.    SeparateExistenceoftheBorrower    76

ARTICLEVIII    ADMINISTRATIONANDCOLLECTIONOFRECEIVABLES    80

SECTION8.01.    AppointmentoftheServicer    80

SECTION8.02.    DutiesoftheServicer    81

SECTION8.03.    CollectionAccount    82

SECTION8.04.    EnforcementRights    82

SECTION8.05.    ResponsibilitiesoftheBorrower    84

SECTION8.06.    ServicingFee    84

ARTICLEIX    EVENTSOFDEFAULT    85

SECTION9.01.    EventsofDefault    85

ARTICLEX    THEADMINISTRATIVEAGENT    88

SECTION10.01.    Authorization and Action    88

SECTION10.02.    AdministrativeAgent’sReliance,Etc    88

SECTION10.03.    AdministrativeAgentandAffiliates    89

SECTION10.04.    IndemnificationofAdministrativeAgent    89

SECTION10.05.    DelegationofDuties    89

SECTION10.06.    ActionorInactionbyAdministrativeAgent    89

SECTION10.07.    NoticeofEventsofDefault;ActionbyAdministrative

Agent    90

SECTION10.08.    Non-RelianceonAdministrativeAgentandOtherParties    90

SECTION10.09.    SuccessorAdministrativeAgent    90

SECTION10.10.    ErroneousPayments    91

ARTICLEXI    THEGROUPAGENTS    93

SECTION11.01.    Authorization and Action    93

SECTION11.02.    GroupAgent’sReliance,Etc    94

SECTION11.03.    GroupAgentandAffiliates    94

SECTION11.04.    IndemnificationofGroupAgents    94

SECTION11.05.    DelegationofDuties    95

SECTION11.06.    NoticeofEventsofDefault    95

SECTION11.07.    Non-RelianceonGroupAgentandOtherParties    95

TABLE OF CONTENTS

(continued)

Page

SECTION11.08.    SuccessorGroupAgent    95

SECTION11.09.    RelianceonGroupAgent    96

ARTICLEXII    INDEMNIFICATION    96

SECTION12.01.    IndemnificationbytheBorrower    96

SECTION12.02.    IndemnificationbytheServicer    99

ARTICLEXIII    MISCELLANEOUS    101

SECTION13.01.    Amendments,Etc    101

SECTION13.02.    Notices,Etc    102

SECTION13.03.    Assignability    102

SECTION13.04.    Costs and Expenses    105

SECTION13.05.    NoProceedings;LimitationonPayments    105

SECTION13.06.    Confidentiality    106

SECTION13.07.    GOVERNINGLAW    108

SECTION13.08.    Execution in Counterparts    108

SECTION13.09.    Integration;BindingEffect;SurvivalofTermination    108

SECTION13.10.    CONSENT TO JURISDICTION    109

SECTION13.11.    WAIVEROFJURYTRIAL    109

SECTION13.12.    RatablePayments    109

SECTION13.13.    LimitationofLiability    109

SECTION13.14.    IntentoftheParties    110

SECTION13.15.    USAPatriotAct    110

SECTION13.16.    RightofSetoff    111

SECTION13.17.    Severability    111

SECTION13.18.    MutualNegotiations    111

SECTION13.19.    CaptionsandCrossReferences    111

TABLE OF CONTENTS

(continued)

Page

EXHIBITS

EXHIBIT A    –    Form of Loan Request EXHIBIT B    –    FormofReductionNotice

EXHIBIT C    –    FormofAssignmentandAcceptanceAgreement EXHIBIT D    –    [Reserved]

EXHIBIT E    –    Credit and Collection Policy EXHIBIT F    –    Form of Monthly Report EXHIBIT G    –    FormofComplianceCertificate EXHIBIT H    –    Closing Memorandum EXHIBIT I    –    Form of Daily Report

EXHIBITJ    –    FormofWeeklyReport

EXHIBIT K    –    FormofSeasonalCommitmentChangeRequest SCHEDULES

SCHEDULEI    –    Commitments

SCHEDULE II    –    Lock-Boxes,CollectionAccountsandCollectionAccountBanks SCHEDULE III    –    Notice Addresses

ThisRECEIVABLESFINANCINGAGREEMENT(asamended,restated,supplemented or otherwise modified from time to time, this “Agreement”) is entered into as of November 2, 2020 by and among the following parties:

(i)TRAEGER SPE LLC, aDelawarelimited liabilitycompany, as Borrower (“Borrower”);

(ii)thePersonsfromtimetotimepartyheretoasLendersandGroupAgents;

(iii)MUFG BANK, LTD. (“MUFG”), as Administrative Agent on behalf of the Credit Parties (in such capacity, together with its successors and assigns in such capacity, the “Administrative Agent”); and

(iv)TRAEGERPELLETGRILLSLLC,aDelawarelimitedliabilitycompany, in its individual capacity (“Traeger”) and as initial Servicer (in such capacity, together with its successors and assigns in such capacity, the “Servicer”).

PRELIMINARYSTATEMENTS

The Borrower has acquired, and will acquire from time to time, Receivables from the Originators pursuant to the Purchase and Contribution Agreement.TheBorrowerhas requested that the Lenders make Loans from time to time to the Borrower on the terms, and subject to the conditions set forth herein, secured by, among other things, the Receivables.

In consideration of the mutual agreements, provisions and covenants contained herein, the sufficiencyof which is herebyacknowledged, the parties hereto agree as follows:

ARTICLE I DEFINITIONS

SECTION1.01.CertainDefinedTerms.AsusedinthisAgreement,thefollowingterms

shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined):

“Adjusted Dilution Ratio” means, as of any day, the average of the Dilution Ratios for the preceding twelve Fiscal Months.

“Adjusted Net Receivable Pool Balance” means, at any time of determination, the amount equal to (a) the Net Receivable Pool Balance, minus(b) the Contractual Dilution Accrual.

“AdjustedTermSOFR”meansthesumofTermSOFRand0.10%.

“Administrative Agent” means MUFG, in its capacity as contractual representative for the Credit Parties, and anysuccessor thereto insuch capacityappointedpursuant to Article Xor Section 13.03(g).

“Adverse Claim” means anyownership interest or claim, mortgage, deed of trust, pledge (includingpossessoryornon-possessorypledge),lien,securityinterest,hypothecation,chargeor other encumbrance or security arrangement of any nature whatsoever, whether voluntarily or involuntarily given, including, but not limited to, any conditional sale or title retention arrangement, and anyassignment, deposit arrangement or lease intended as,orhavingthe effect of, securityand anyfiled financingstatement orothernotice of anyof the foregoing (whether or not a lien or other encumbrance is created or exists at the time of the filing); it beingunderstood that any thereof in favor of, or assigned to, the Administrative Agent (for the benefit of the Secured Parties) shall not constitute an Adverse Claim.

“Advisors”hasthemeaningsetforthinSection13.06(c).

“Affected Person” means each Credit Party, each Program Support Provider, each Liquidity Agent and each of their respective Affiliates.

“Affiliate” means, as to anyPerson: (a) anyother Person that, directlyor indirectly, is in control of, is controlled byor is under common control with such Person or (b) who is a director orofficer:(i) ofsuchPersonor(ii)ofanyPersondescribed in clause(a),except that, in thecase of each Conduit Lender, Affiliate shall mean the holder(s) of its Capital Stock or membership interests, as the case may be.For purposes of this definition, (i) control of a Person shall mean the power to directly or indirectly cause the direction of the management and policies of such Person, in either case whether by ownership of securities, contract, proxy or otherwise and (ii) foranyTraegerParty,AffiliateshallnotincludeanyportfoliocompanyofSponsor(asdefinedin the First Lien Credit Agreement as in effect on the date hereof) that is not the Performance Guarantor, anyof its subsidiaries or anydirect or indirect parent of the Performance Guarantor.

“AffiliateReceivable”meansanyPoolReceivabletheObligorofwhich(a)isanAffiliate of any Traeger Party; (b) is a Person 10% or more of the Capital Stock of which is controlled, directly or indirectly, by any Traeger Party or any Affiliate of any Traeger Party; or (c) is a Personwhich,togetherwithanyAffiliatesofsuchPerson,controls,directlyorindirectly,10%of the Capital Stock of any Traeger Party.

“Aggregate Capital” means, at any time of determination, the aggregate outstanding Capital of all Lenders at such time.

“Aggregate Interest” means, at any time of determination, the aggregate accrued and unpaid Interest on the Loans of all Lenders at such time.

“Agreement”hasthemeaningsetforthinthepreambletothisAgreement.

“Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction applicable to any Traeger Party or any of their respective Subsidiaries from time to time concerning or relating to bribery or corruption, including, but not limited to, the U.S. Foreign Corrupt Practices Act of 1977, as amended, the UK BriberyAct 2010, and anyother applicable law or regulation implementing the OECDConvention onCombating Briberyof ForeignPublic Officials in International Business Transactions.

“Anti-Money Laundering Laws” means each of: (a) the Executive Order; (b) the PATRIOT Act; (c) the Money Laundering Control Act of 1986, 18 U.S.C. Sect. 1956 and any successorstatutethereto;(d)theProceedsofCrime(MoneyLaundering)andTerroristFinancing Act (Canada); (e) the Bank Secrecy Act, and the rules and regulations promulgated thereunder; and (f) any other Applicable Law of the United States, Canada or any member state of the EuropeanUnionnoworhereafterenacted tomonitor,deterorotherwiseprevent:(i)terrorismor

(ii)thefundingorsupportofterrorismor(iii)moneylaundering.

“ApplicableDate”means theearliest of(i)theoccurrenceofanEvent ofDefault,(ii)the occurrence of a Level 1 LiquidityShortfall, (iii) thedate sodesignated in writingto theServicer by the Administrative Agent (which date shall not be earlier than the second Business Day following the deliveryof such notice) and (iv) the 60thdayafter the Closing Date.

“Applicable Law” means, with respect to any Person, (x) all provisions of law, statute, treaty, constitution, ordinance, rule, regulation, ordinance, requirement, restriction, permit, executive order, certificate, decision, directive or order of any Governmental Authority applicable to such Person or anyof its propertyand (y) all judgments, injunctions, orders, writs, decreesandawardsofallcourtsandarbitratorsinproceedingsoractionsinwhichsuchPersonis a party or by which any of its property is bound.For the avoidance of doubt, FATCA shall constitute an “Applicable Law” for all purposes of this Agreement.

“Assignment and Acceptance Agreement” means an assignment and acceptance agreement enteredintobyaCommittedLender,anEligibleAssignee,suchCommittedLender’s Group Agent and the Administrative Agent, and, if required, the Borrower, pursuant to which such Eligible Assignee may become a party to this Agreement, in substantially the form of Exhibit Chereto.

“Attorney Costs” means and includes all fees, costs, expenses and disbursements of any law firm or other external counsel and all disbursements of internal counsel.

“BankruptcyCode”means theUnitedStatesBankruptcyReformAct of1978(11U.S.C.

§101,etseq.),asamendedfromtimetotime.

“BaseRate”means, with respect to anyLender, on anydate, afluctuatingrateofinterest per annum equal to the highest of:

(a)theapplicablePrimeRateforsuchdate;

(b)theFederalFundsRateforsuchdate,plus0.50%;and

(c)AdjustedTermSOFRforaone-monthtenorforsuchdate,plus0.50%. “Base Rate Loan” means any Loan accruing Interest at the Base Rate.

“Base Rate Term SOFR Determination Day” has the meaning specified in the definition of “Term SOFR”.

“Beneficial Owner” shall have the meaning defined in Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that in calculating the beneficial ownership of anyparticular “person” (as that term is used in Sections 13(d) and 14(d) of the Exchange Act), such “person” will be deemed to have beneficial ownership of all securities that such "person" has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable onlyupontheoccurrenceof asubsequent condition. Theterms “BeneficiallyOwns” and “Beneficially Owned” have correlative meanings.

“BeneficialOwnershipRule”means31C.F.R.§1010.230.

“Borrower” has the meaning specified in the preambleto this Agreement. “BorrowerIndemnifiedAmounts”hasthemeaningsetforthinSection12.01(a). “Borrower Indemnified Party” has the meaning set forth in Section 12.01(a).

“Borrower Obligations” means all present and future indebtedness, reimbursement obligations, and other liabilities and obligations (howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, or due or to become due) of the Borrower to any Credit Party, Borrower Indemnified Party and/or any Affected Person, arising under or in connection with this Agreement or any other Transaction Document or the transactions contemplated herebyorthereby, and shall include, without limitation, all Capital and Interest on the Loans, all Fees and all other amounts due or to become due under the Transaction Documents (whether in respect of fees, costs, expenses, indemnifications or otherwise), including, without limitation, interest, fees and other obligations that accrue after the commencementofanyinsolvencyproceedingwithrespecttotheBorrower(ineachcasewhether or not allowed as a claim in such proceeding).

“Borrower’sNetWorth”means,atanytimeofdetermination,anamountequalto(i)the aggregate Unpaid Balance of all Pool Receivables at such time, minus(ii) the sum of (A) the Aggregate Capital at such time, plus(B) the Aggregate Interest at such time, plus(C) the aggregate accrued and unpaid Fees at such time, plus(D) the aggregate outstanding principal balance of all Subordinated Notes at such time, plus(E) the aggregate accrued and unpaid interest on all Subordinated Notes at such time, plus(F) without duplication, the aggregate accrued and unpaid other Borrower Obligations at such time.

“Borrowing Base” means, at any time of determination, the amount equal to (a) the Adjusted Net Receivable Pool Balance at such time, minus(b) the Required Reserves at such time.

“Borrowing Base Deficit” means, at any time of determination, the amount, if any, by which (a) the Aggregate Capital at such time, exceeds(b) the Borrowing Base at such time.

“Breakage Fee” means (i) for any Interest Period for which Interest is computed by reference to the CP Rate or Adjusted Term SOFR and a reduction of Capital is made for any reason on any day other than a Settlement Date or (ii) to the extent that the Borrower shall for any reason, fail to borrow on

the date specified bythe Borrower in connection with anyrequest forfundingpursuanttoArticleIIofthisAgreement,theamount,ifany,bywhich(A)the

additional Interest (calculated without taking into account any Breakage Fee or any shortened duration of such Interest Period pursuant to the definition thereof) which would have accrued during such Interest Period (or, in the case of clause (i)above, until the maturity of the underlyingNote)onthereductionsofCapitalrelatingtosuchInterestPeriodhadsuchreductions not been made (or, in the case of clause (ii)above, the amounts so failed to be borrowed or accepted in connection with any such request for funding by the Borrower), exceeds (B) the income, if any, received by the applicable Lender from the investment of the proceeds of such reductions of Capital (or such amounts failed to be borrowed bythe Borrower).A certificate as to the amount of any Breakage Fee (including the computation of such amount) shall be submitted by the affected Lender (or applicable Group Agent on its behalf) to the Borrower and shall be conclusive and binding for all purposes, absent manifest error.

“BusinessDay”meansanyday(otherthanaSaturdayorSunday)onwhichbanksarenot authorized or required to close in New York City, New York.

“Capital”means, with respectto anyLender, withoutduplication,the aggregate amounts paid to, or on behalf of, the Borrower in connection with all Loans made by such Lender pursuant to Article II, as reduced from time to time by Collections distributed and applied on account of reducing or repaying such Capital pursuant to Section3.01; provided, that if such Capital shall have been reduced by any distribution and thereafter all or a portion of such distribution is rescinded or must otherwise be returned for any reason, such Capital shall be increased by the amount of such rescinded or returned distribution as though it had not been made.

“Capital Stock”means, withrespect toanyPerson,anyandall commonshares,preferred shares, interests, participations, rights in or other equivalents (however designated) of such Person’s capital stock, partnership interests, limited liability company interests, membership interestsorotherequivalentinterestsandanyrights(otherthandebtsecuritiesconvertibleintoor exchangeable for capital stock), warrants or options exchangeable for or convertible into such capital stock or other equity interests.

“ChangeinControl”meanstheoccurrenceofanyofthefollowing:

(a)Traegerceasestoown,directly,100%oftheissuedandoutstanding Capital Stock of the Borrower free and clear of all Adverse Claims;

(b)(i)Parent ceases to own, directly or indirectly, 100% of the issued andoutstanding Capital Stock of the Servicer or any Originator;

(c)anySubordinatedNoteshallatanytimeceasetobeownedbyan Originator; or

(d)withrespecttoParent:

a “Change of Control” under the First Lien Credit Agreement as in effect on the Closing Date and without giving effect to any subsequent amendment, modification or termination thereof; or

(i)a “change of control” (or similar term) under any Debt of TGP HoldingsIIILLCorTraegeranditsRestrictedSubsidiaries(assuchtermandany terms used therein are defined in the First Lien Credit Agreement) having an aggregate principal amount of more than the Threshold Amount.

“ChangeinLaw”meanstheoccurrence,aftertheClosingDate,ofanyofthefollowing:

(a) the adoption or taking effect of anylaw, rule, regulation ortreaty, (b) anychangein anylaw, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline, requirement or directive (whether or not having the force of law) by any Governmental Authority; providedthat notwithstanding anything herein to the contrary, (w) the final rule titled Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance: Regulatory Capital; Impact of Modifications to Generally Accepted Accounting Principles; Consolidation of Asset-Backed Commercial Paper Programs; and Other Related Issues, adopted by the United States bank regulatory agencies on December 15, 2009, (x) the Dodd-FrankWallStreetReformandConsumerProtectionActandallrequests,rules,guidelines or directives thereunder or issued in connection therewith and (y) all reports, notes, requests, rules, guidelines or 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 the agreements reached by the Basel Committee on Banking Supervision in “Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems” (as amended, supplemented or otherwise modified or replacedfromtimetotime),shallineachcasebedeemedtobea“ChangeinLaw”,regardlessof the date enacted, adopted, issued or implemented.

“ClosingDate”meansNovember2,2020.

“Code” means the Internal Revenue Code of 1986, as amended, reformed or otherwise modified from time to time.

“Collateral”hasthemeaningsetforthinSection4.05(a).

“Collection Account” means each account listed on Schedule IIto this Agreement (as such schedule may be modified from time to time in connection with the closing or opening of any Collection Account in accordance with the terms hereof) (in each case, in the name of the Borrower) and maintained at a bank orother financialinstitution acting as aCollection Account Bank pursuant to a Collection Account Control Agreement for the purpose of receiving Collections.

“CollectionAccountBank”meansanyofthebanksorotherfinancialinstitutionsholding one or more Collection Accounts.

“Collection Account Control Agreement” means each agreement, in form and substance satisfactory to the Administrative Agent, among the Borrower, the Servicer, the Administrative Agent and a Collection Account Bank, governing the terms of the related Collection Accounts thatprovidestheAdministrativeAgentwithcontrolwithinthemeaningoftheUCCoverthe

depositaccountssubjecttosuchagreement,asthesamemaybeamended,restated,supplemented or otherwise modified from time to time.

“Collections”means, withrespect to anyPool Receivable:(a)all funds that arereceived by any Traeger Party or any other Person on their behalf in payment of any amounts owed in respect of such Pool Receivable (including purchase price, service charges, finance charges, interest, fees and all other charges), or applied to amounts owed in respect of such Pool Receivable (including insurance payments, proceeds of drawings under supporting letters of creditandnetproceedsofthesaleorotherdispositionofrepossessedgoodsorothercollateralor propertyoftherelatedObligororanyotherPersondirectlyorindirectlyliableforthepaymentof such Pool Receivable and available to be applied thereon), (b) all Deemed Collections, (c) all proceeds of all Related Securitywith respect to such Pool Receivable and (d) all other proceeds of such Pool Receivable.

“Commitment” means, with respect to any Committed Lender (including a Related Committed Lender) and any date of determination during any Fiscal Month, the maximum aggregate amount which such Person is obligated to lend hereunder on account of all Loans asset forth on Schedule Ior in the Assignment and Acceptance Agreement or other agreement pursuant to which it became a Lender, as such amount may be modified in connection with any subsequentassignmentpursuanttoSection13.03orinconnectionwithareductionintheFacility Limit pursuant to Section 2.02(e)or any increase or decrease in Commitments pursuant to Section 2.02(h).If the context so requires, “Commitment” also refers to a Committed Lender’s obligation to make Loans hereunder in accordance with this Agreement.

“Committed Lenders” means MUFG and each other Person that isorbecomes apartyto this Agreement in the capacity of a “Committed Lender”.

“CommonlyControlled Entity” with respect to anyTraeger Party, anycorporation, trade or business which together with the Traeger Party is a member of a controlled group of corporations or a controlled group of trades or businesses and would be deemed a “single employer” within the meaning of Sections 414(b), (c) or (m) of the Code or Section 4001(b) of ERISA.

“Concentration Limit” means at any time for any Obligor, the product of (i) such Obligor’s Specified Concentration Percentage, times(ii) the aggregate Unpaid Balance of the Eligible Receivables included in the Receivables Pool at the time of determination.

“ConduitLender”meanseachcommercialpaperconduitthatisorbecomesapartytothis Agreement in the capacity of a “Conduit Lender”.

“Conforming Changes” means, with respect to either the use or administration of Term SOFR, Daily Simple SOFR or the use, administration, adoption or implementation of any Benchmark

Replacement, any technical, administrative or operational changes (including changes to the definition of “Base Rate,” the definition of “Business Day,” the definition of “U.S.GovernmentSecuritiesBusinessDay,”thedefinitionof“InterestPeriod”oranysimilaror analogous definition (or the addition of a concept of “interest period”), timing and frequency of determiningratesandmakingpaymentsofinterest,timingofborrowingrequestsorprepayment,

conversion or continuation notices, the applicability and length of lookback periods, the applicability of Section 4.02and other technical, administrative or operational matters) that the Administrative Agent decides, after consultation with the Borrower, may be appropriate to reflect the adoption and implementation of anysuch rateortopermit theuse and administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of any such rate exists, in such other manner of administration as the Administrative Agent decides, after consultation with the Borrower, is reasonably necessary in connection with the administration of this Agreement and the other Transaction Documents).

“Contract” means, with respect to any Receivable, a contract (including any purchase order or invoice), between an Originator and an Obligor, pursuant to which such Receivable arises or which evidences such Receivable.A “related” Contract with respect to a Receivable means a Contract under which such Receivable arises or which is relevant to the collection or enforcement of such Receivable.

“ContractualDilution”meanstheaggregateamountofDeemedCollectionsarisingoutof chargebacks, volume rebates, terms discounts, sales incentives, service fees or other similar arrangementswhicharecustomaryforTraegerandspecifiedintherelatedContractorapplicable marketing program related to the applicable Receivable and Obligor thereof.

“Contractual Dilution Accrual”meansthe aggregate amountofContractualDilutionthat is expected bythe Servicer to be incurred with respect to thethen-outstandingPoolReceivables and such expected Contractual Dilution is reflected as an accrued liability on the books and recordsofTraeger,asdeterminedinconsultationwiththeexternalaccountantsofTraegerandin accordance with the customaryprocedures established by Traeger and such accountants.

“CP Rate” means, for any Conduit Lender and for any Interest Period for any Portion of Capital, the perannumrate equivalent to the weighted average cost (as determined by the applicable Group Agent and which shall include commissions and fees of placement agents and dealers, incremental carrying costs incurred with respect to Notes of such Person maturing on dates otherthan those on which correspondingfunds arereceived bysuch Conduit Lender, other borrowings by such Conduit Lender (other than under any Liquidity Agreement) and any other costs and expenses associated with the issuance of Notes) of or related to the issuance of Notes that areallocated, in whole or in part, bytheapplicableConduit Lender tofund ormaintainsuch Portion ofCapital (and which maybealso allocated in part to thefundingofotherassets ofsuch Conduit Lender) (determined in the case of Notes issued on a discount by converting the discount to an interest equivalent rate perannum); provided, that notwithstanding anything in thisAgreementortheotherTransactionDocumentstothecontrary,theBorroweragreesthatany amounts payable toConduit Lenders in

respect of Interest for anyInterest Period with respect to any Portion of Capital funded by such Conduit Lenders at the CP Rate shall include an amount equal to the portion of the face amount of the outstanding Notes issued to fund or maintain such Portion of Capital that corresponds to the portion of the proceeds of such Notes that was used to paytheinterestcomponentofmaturingNotesissuedtofundormaintainsuchPortionofCapital, to the extent that such Conduit Lenders had not received payments of interest in respect of such interestcomponentpriortothematuritydateofsuchmaturingNotes(forpurposesofthe

foregoing, the “interest component” of Notes equals the excess of the face amount thereof over thenetproceedsreceivedbysuchConduitLenderfromtheissuanceofNotes,exceptthatifsuch Notes are issued on an interest-bearing basis its “interest component” will equal the amount of interest accruing on such Notes through maturity).

“Credit and Collection Policy” means, as the context may require, those receivables credit and collection policies and practices of the Originators in effect on the Closing Date and described in Exhibit E, as modified in compliance with this Agreement.

“CreditExtension”meansthemakingofanyLoan.

“CreditParty”meanseachLender,theAdministrativeAgentandeachGroupAgent. “Cut-Off Date” means the last day of each Fiscal Month.

“DailyReport”meansareport,insubstantiallytheformofExhibitI.

“DailySimple SOFR”means, for anyday(a “SOFR Rate Day”), a rate per annum equal tothegreaterof(a)SOFRfortheday(suchday,a“SOFRDeterminationDay”)thatisfive(5)

U.S. Government Securities Business Days prior to (i) if such SOFR Rate Day is a U.S. Government Securities Business Day, such SOFR Rate Dayor (ii) if such SOFR RateDayis not a U.S. Government Securities Business Day, the U.S. Government Securities Business Day immediately preceding such SOFR Rate Day, in each case, as such SOFR is published by the SOFR Administrator on the SOFR Administrator’s Website, and (b) the Floor.If by 5:00 p.m. (New York City time) on the second (2nd) U.S. Government Securities Business Day immediately following any SOFR Determination Day, SOFR in respect of such SOFR Determination Day has not been published on the SOFR Administrator’s Website and a Benchmark Replacement Date with respect to the Daily Simple SOFR has not occurred, then SOFR for such SOFR Determination Day will be SOFR as published in respect of the first precedingU.S.GovernmentSecuritiesBusinessDayforwhichsuchSOFRwaspublishedonthe SOFR Administrator’s Website; providedthat any SOFR determined pursuant to this sentence shall be utilized for purposes of calculation of Daily Simple SOFR for no more than three (3) consecutive SOFR Rate Days.Any change in Daily Simple SOFR due to a change in SOFR shallbeeffectivefromandincludingtheeffectivedateofsuchchangeinSOFRwithoutnoticeto the Borrower.

“Daily Simple SOFR Loan” means a Loan accruing Interest at Daily Simple SOFR. “DaysSalesOutstanding”means,onanydate,thenumberofdaysequaltotheproductof

(a) 91 and(b) the amount obtained by dividing (i) the average of the aggregate Unpaid Balance of the Pool Receivables as of the Cut-Off Date of the three most recently ended Fiscal Months, by(ii)theaggregateinitialUnpaidBalanceofallPoolReceivableswhichwereoriginatedduring the three most recently ended Fiscal Months.

“Debt” means, as to any Person at any time of determination, any and all indebtedness, obligations or liabilities (whether matured or unmatured, liquidated or unliquidated, direct or indirect, absolute or contingent, or joint or several) of such Person for or in respect of:(i) borrowedmoney,(ii)amountsraisedunderorliabilitiesinrespectofanybonds,debentures,

notes, note purchase, acceptance or credit facility, or other similar instruments or facilities, (iii) obligations to pay the deferred purchase price of property or services (other than (x) trade accounts payable in the ordinary course of business, (y) any earn-out obligation until such obligation becomes a liability on the balance sheet of such Person in accordance with GAAP,and (z) expenses accrued in the ordinary course of business), (iv) reimbursement obligations (contingent or otherwise) under any letters of credit issued or created by or for the account of such Person, (v) any other transaction (including production payments (excluding royalties), installment purchase agreements, forward sale or purchase agreements, capitalized leases and conditionalsalesagreements)havingthecommercialeffectofaborrowingofmoneyenteredinto by such Person to finance its operations or capital requirements (but not including accounts payableincurred in the ordinarycourse of such Person’s business payableon terms customaryin thetrade),(vi)allnetobligationsofsuchPersoninrespectofinterestrateor currency hedges,

(vii) all obligations of such Person in respect of Disqualified Equity Interests (as such term is defined in the First Lien Credit Agreement) or (viii) any Guaranty of any such Debt.

“Debt NearMaturityEvent”means, as ofanydate ofdetermination (a) thefinal maturity dateapplicabletoanyDebtoutstandingundertheFirstLienCreditAgreementthatshallfallona date that is less than 91 days from such date of determination and (b) on such date of determination, any such Debt described in clause (a)shall remain outstanding.

“Deemed Collections” has the meaning set forth in Section 3.01(d). “DefaultedReceivable”meansaPoolReceivable,withoutduplication:

(a)astowhichanypayment,orpartthereof,remainsunpaidformorethan90 days from the original due date for such Pool Receivable;

(b)as to which the Obligor thereof is subject to an Event of Bankruptcy that has occurred and is continuing; or

(c)which, consistent with the Credit and Collection Policy, would be or should have been written off as uncollectible.

“DelinquencyRatio”means,foranyFiscalMonth,afraction(expressedasapercentage),

(a) the numerator of which is the aggregate Unpaid Balance of all Pool Receivables that constitute Delinquent Receivables as of the Cut-Off Date for such Fiscal Month, and (b) the denominator of which is theaggregate Unpaid Balance of all Pool Receivables as of the Cut-Off

Date for such Fiscal Month; provided, howeverthat, with respect to the Monthly Report deliveredinconnectionwiththeJanuary2022FiscalMonth,noSubjectReceivableshallbeused in the calculation of the “Delinquency Ratio”.

“Delinquent Receivable” means a Pool Receivable as to which any payment, or part thereof, remains unpaid for more than 61 days from the original due date for such Pool Receivable.

“Dilution Horizon Ratio” means, as of any Cut-Off Date, a fraction (expressed as a percentage), (a) the numerator of which is equal to the aggregate initial Unpaid Balance of all Receivables originated byeach Originator during the most recentlyended FiscalMonth, and (b)

the denominator of which is the Eligible Receivable Pool Balance as of such Cut-Off Date. Within thirty (30) days of the completion and the receipt by the Administrative Agent of the results of any annual audit or field exam of the Receivables and the servicing and origination practicesoftheServicerandtheOriginators,thenumeratoroftheDilutionHorizonRatiomaybe adjusted by the Administrative Agent upon not less than five (5) Business Days’ notice to the Borrower to reflect such number of Fiscal Months as the Administrative Agent reasonably believes best reflects the business practices of the Servicer and the Originators and the actual amount of Dilution and Deemed Collections that occur with respect to Pool Receivables basedon the weighted average dilution lag calculation completed as part of such audit or field exam.

“DilutionRatio”means,asofanyCut-OffDate,afraction(expressedasapercentage),

(a) the numerator of which is the aggregate amount of all Deemed Collections (excluding Contractual Dilution) in respect of Pool Receivables which occurred during the most recently ended FiscalMonth and (b)thedenominatorof which is the aggregateinitial Unpaid Balanceof allReceivables whichwereoriginated bytheOriginatorsduringtheFiscalMonthone(1)month prior to the Fiscal Month ending on such Cut-Off Date.

“DilutionReserveFloorPercentage”means,withrespecttoanydateofdetermination,an amount equal to:

ADR x DHR

where:

ADR=theAdjustedDilutionRatioonsuchday,and DHR=the Dilution Horizon Ratio on such day.

“Dilution VolatilityRatio” means, with respect to anydateofdetermination, theproduct of (a) the positive difference between (i) the highest Dilution Ratio for any Fiscal Month observed over the preceding twelve Fiscal Months (the “Dilution Spike”), minus(ii) the Adjusted Dilution Ratio, times(b) the quotient of (i) the Dilution Spike, dividedby(ii) the Adjusted Dilution Ratio.

“DiscretionaryAdvance”meansanunsecureddiscretionaryadvancemadetoanyConduit Lender to repay maturing Notes.

“Dynamic Dilution Reserve Percentage” means, with respect to any date of determination, an amount equal to:

DHRx {(SFx ADR)+ DVC}

where:

ADR    =    theAdjustedDilutionRatioonsuchday, DHR    =    the Dilution Horizon Ratio on such day,

DVC    =    DilutionVolatilityRatioonsuchday,and SF    =    the Stress Factor on such day.

“DynamicLossReservePercentage”means,onanyday:

“Eligible Assignee” means (i) any Committed Lender or any of its Affiliates, (ii) any Person managed by a Committed Lender or any of its Affiliates and (iii) any other financial or other institution.

“Eligible Contract” means a Contract governed by the law of the United States of AmericaorofanyStatethereofthatcontainsanobligationtopayaspecifiedsumofmoneyonor before a date certain and that has been duly authorized by each party thereto and which (i) does not require the Obligor thereunder to consent to anytransfer, saleor assignment thereof or of the related Receivable or any proceeds of any of the foregoing, (ii) is not “chattel paper” as defined in the UCC of anyjurisdiction governing the perfection or assignment of the related Receivable,

(iii) the payment terms of which have not been modified, extended or rewritten in any manner (except for extensions and modifications expressly permitted hereunder), (iv) has not otherwise been made non-assignable and (v) remains in full force and effect.

“Eligible Governmental Obligor” means any Receivable the Obligor of which is the United States, any State, territory, possession or commonwealth of the United States, or any agency, department or instrumentality of any of the foregoing.

“EligibleReceivable”means,asofanydateofdetermination,aReceivable:

(i) which represents all or part of the sales price of goods or services, sold by an Originator to therelated Obligor in theordinarycourse ofsuchOriginator’s business and sold or contributedtotheBorrowerpursuanttothePurchaseandContributionAgreement,(ii)forwhich allobligationsoftherelatedOriginatorinconnectionwithwhichhavebeenfullyperformed,(iii) no portion of which is in respect of any amount as to which the related Obligor is permitted to withhold payment until the occurrenceof aspecified event or condition (including “guaranteed” or “conditional” sales or any performance by an Originator), (iv) which is not owed to any Originator or the Borrower, in whole or in part, as a bailee or consignee for another Person, (v) whichisnotissuedundercash-in-advanceorcash-on-accounttermsand(vi)withpaymentterms of not more than 120 days from the original invoice date for such Receivable; providedthat, for theavoidanceofdoubt,noportionofanyReceivableforwhichtherelatedgoodsorservices

have not been delivered or performed byan Originator shall constitute an “Eligible Receivable” (including for purposes of calculating the Net Receivable Pool Balance);

(a)for which the related Originator has recognized all of the related revenue on its financial books and records in accordance with GAAP;

(b)which is a Receivable for which an invoice therefore has been delivered to the related Obligor;

(c)which(i)constitutesan“account”ora“paymentintangible”,(ii)isnotevidenced orrepresentedby“instruments”or“chattelpaper”,(iii)doesnotconstitute,orarisefromthesale of, “as-extracted collateral”, in each case, as defined in the UCC and (iv) is not payable in installments;

(d)the Obligor of which (i) is not a Sanctioned Person, (ii) is not a Governmental Authority that is not an Eligible Governmental Obligor, (iii) is not a natural Person acting in its individual capacity and (iv) is not subject to an Event of Bankruptcy that has occurred and is continuing;

(e)the Obligor of which has a principal place of business and has provided the Servicer with a billing address, in each case, located in the United States of America;

(f)the aggregate Unpaid Balance of Defaulted Receivables and Delinquent ReceivablesincludedintheReceivablesPooloftheObligorofsuchReceivableisnotmorethan 50% of the aggregate Unpaid Balance of all Pool Receivables owed bysuch Obligor;

(g)which (i) is not a Defaulted Receivable or a Delinquent Receivable and (ii) has not been cancelled;

(h)[Reserved];

(i)with regard to which the warranties of the Borrower in Section 6.01(aa)are true and correct;

(j)the pledge, sale or contribution of which pursuant to the Purchase and ContributionAgreementandthisAgreementdoesnot(i)violate,contraveneorconflictwithany law, the related Contract or anyother applicable contracts or other restrictions or (ii) requirethe consent or approval of, or a license or consent from, the related Obligor, any Governmental Authority or any other Person;

(k)which is denominated and payable only in U.S. Dollars in the United States to a Collection Account or a Lock-Box that is subject to an enforceable Collection Account Control Agreement;

which arises under an EligibleContract that,together with suchReceivable,(i)is in full force and effect and constitutes the legal, valid and binding obligation of the related Obligor to pay such Receivable enforceable against such Obligor in accordance with its terms, exceptassuchenforcementmaybelimitedbyapplicablebankruptcy,insolvency,reorganization

or similar laws relating to and limiting creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or in law), (ii) is not subject to any dispute, offset, credit, reduction, netting, litigation, counterclaim or defense whatsoever (including defenses arising out of violations of usury laws) other than the potential discharge in a bankruptcyof the related Obligor; and (iii) is not subject to anyAdverse Claim;

(l)thepaymentortransferofwhichisnotsubjecttowithholdingtaxes;

(m)theObligorofwhichdoesnothaveanydefensesarisingoutofthefailuretoeffect the sale of such Receivable to the Borrower under the local laws applicable to such Obligor or the related Contract;

(n)the sale or contribution of which does not trigger any stamp duty or similar transfer taxes;

(o)whichtogetherwiththeContractandRelatedSecurityrelatedthereto,doesnot(i) require the consent of the related Obligor in orderfor therelatedOriginator or its assigns to sell, assign, transfer, pledge or hypothecate such Receivable or any Related Security with respect thereto or (ii) contravene any Applicable Law applicable thereto (including Applicable Laws relating to usury, consumer protection, truth in lending, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices and privacy) in anyrespect which would, individually or in the aggregate, have a Material Adverse Effect on the value, validity, collectability or enforceability of the related Receivable or would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect and with respect to which the origination thereof did not violate anysuch Applicable Law in anymaterial respect;

(p)which together with the Related Security with respect thereto (i) was originated bythe applicable Originator in theordinarycourse of itsbusiness and (ii)satisfies all applicable requirements of the Credit and Collection Policy;

(q)which together with the Contract and Related Security related thereto, has not beenmodified, waived or restructuredsinceits creation, except aspermittedpursuantto Section8.02;

(r)with respect to which all consents, licenses, approvals or authorizations of, or registrations or declarations with or notices to, any Governmental Authority or other Person required to be obtained, effected or given by an Originator in connection with the creation of such Receivable, the execution, delivery and performance by such Originator of the related Contract or the assignment thereof under the Purchase and Contribution Agreement have been duly obtained, effected or given and are in full force and effect;

(s)as to which the Administrative Agent has not notified the Borrower that the Administrative Agent has determined, in its judgment, that such Receivable (or class of Receivables) or Obligor of such Receivable is not acceptable for funding hereunder;

the purchase of which is a “current transaction” within Section 3(a)(3) of the Securities Act;

(t)which represents part or all of the price of the sale of “merchandise,”“insurance” or“services”withinthemeaningofSection3(c)(5)oftheInvestmentCompanyActandwhichis an “eligible asset” as defined in Rule 3a-7 under the Investment Company Act;

(u)the purchase of which by the Borrower under the Purchase and Contribution Agreement, does not and the transactions contemplated herebydo not, constitute a Security;

(v)all right, title and interest to and in which has been validly transferred by the applicable Originator directly to Borrower under and in accordance with the Purchase and Contribution Agreement, and the Borrower has good and marketable title thereto free and clear of any Adverse Claim;

(w)which (i) does not arise from a sale of accounts made as part of a sale of a business or constitute an assignment for the purpose of collection only, (ii) is not a transfer of a single account made in whole or partial satisfaction of a preexisting indebtedness or an assignmentofarighttopaymentunderacontracttoanassigneethatisalsoobligatedtoperform under the contract and (iii) is not a transfer of an interest in or an assignment of a claim under a policy of insurance;

(aa)which is not supported by any actual or inchoate mechanics, suppliers, materialmen, laborers, employees or repairmen liens or other rights to file or assert any of the foregoing;

(bb)    which does not relate tothesaleof anyconsigned goodsor finished goods which have incorporated any consigned goods into such finished goods;

(cc)    which is neither (i) a Supplier Receivable nor (ii) an Affiliate Receivable; and (dd)    which arises solelyin connection with the sale of grills and related products. “EligibleReceivablePoolBalance”means,atanytime,anamountequaltotheaggregate

UnpaidBalanceofPoolReceivablesthatareEligibleReceivablesdeterminedatsuchtime.

“ERISA”meanstheEmployeeRetirementIncomeSecurity Actof1974,asamended from time to time.

“ERISA Event” means (a) any Reportable Event with respect to a Pension Plan; (b) the failure of any Traeger Party or any Commonly Controlled Entity to timely make a required contribution with respect to any Pension Plan or any Multiemployer Plan; (c) the imposition of an Adverse Claim under Section 430 of the Code or Section 303 of ERISA with respect to any Pension Plan; (d) the failure of any Traeger Party or any Commonly Controlled Entity to meet theminimumfundingstandardunderSection412or430oftheCodewithrespecttoanyPension Plan or the filingof an application for a fundingwaiver with respect to anyPension Plan; (e) the incurrence by any Traeger Party or any Commonly Controlled Entity of anyliabilityunder Title IV of ERISA, including with respect to the termination of any Pension Plan (other than the payment of PBGC premiums in the ordinary course); (f) (i) the termination of, or the filing or receipt of a notice of intent to terminate, a Pension Plan under Section 4041 of ERISA, or the treatmentofaplanamendmentasaterminationunderSection4041ofERISA,or(ii)(A)the

appointment of a trustee to administer a Pension Plan under Section 4042, or (B) the institution by the PBGC of proceedings to terminate a Pension Plan or to have a trustee appointed to administer a Pension Plan, or receipt by the a Traeger Party or Commonly Controlled Entity of notice from the PBGC thereof, where such proceedings continue unstayed or in effect for more than60days,orsuchnoticeisnotwithdrawnbythePBGCwithin60daysfollowingdeliveryby PBGC; (g) the incurrence by any Traeger Party or any Commonly Controlled Entity of any liability with respect to the complete withdrawal or partial withdrawal under Title IV of ERISA from anyMultiemployerPlan;(h)thereceipt byanyTraegerPartyoranyCommonlyControlled Entity of any notice from a Multiemployer Plan concerning the imposition of Withdrawal Liability; (i) receipt of notification by any Traeger Party or any Commonly Controlled Entity from a Multiemployer Plan that such Multiemployer Plan is in endangered or critical status (within the meaning of Section 305 of ERISA) or in Insolvency; (j) the incurrence by any Traeger Party or any Commonly Controlled Entity of any liability pursuant to Section 4063 or 4064 of ERISA or asubstantial cessation ofoperations withrespect to aPension Plan within the meaning of Section 4062(e) of ERISA; or (k) the posting of a bond or security under Section 436(f) of the Code with respect to any Pension Plan.

“EventofBankruptcy”shallbedeemedtohaveoccurredwithrespecttoaPersonif

either:

(a)(i)acaseorotherproceedingshallbecommenced,withouttheapplicationor

consent of such Person, in anycourt, seeking the liquidation, examinership, reorganization, debt arrangement,dissolution,administration,windingup,orcompositionorreadjustmentofdebtsof such Person, the appointment of a trustee, receiver, custodian, liquidator, examiner, administrator, assignee, sequestrator (or other similar official) for such Person or all or substantially all of its assets, or any similar action with respect to such Person under any ApplicableLawrelatingtobankruptcy,insolvency,reorganization,windinguporcompositionor adjustment of debts; or (ii) an order for relief in respect of such Person shall be entered in an involuntary case under federal bankruptcy laws or other similar Applicable Laws now or hereafter in effect; or

(b)such Person (i) shall commence a voluntary case or other proceeding under any applicablebankruptcy, insolvency,reorganization,debtarrangement,dissolution,administration or other similar law now or hereafter in effect, (ii) shall consent to the appointment of or taking possession by a receiver, liquidator, examiner, administrator, assignee, trustee, custodian, sequestrator (or other similar official) for, such Person or for anysubstantial part of its property or (iii)shall make anygeneral assignment for thebenefit ofcreditors, orshallfail to, oradmit in writing its inabilityto, payits debts generallyas theybecomedue, or, if a corporation orsimilar entity, its board of directors (or any board or Person holding similar rights to control the activities of such Person) shall vote to implement any of the foregoing.

“Event of Default” has the meaning specified in Section 9.01.For the avoidance of doubt, any Event of Default that occurs shall be deemed to be continuing at all times thereafter unless and until waived in accordance with Section 13.01.

“Excess Government Receivables Concentration Amount” means, at any time, the amountby which(a)theaggregate UnpaidBalance of allEligible Receivablesincludedinthe

ReceivablesPooltheObligorofwhichisaGovernmentalAuthorityatsuchtime,exceeds(b)the product of (x) 6.00%, times(y) the aggregate Unpaid Balance of the Eligible Receivables included in the Receivables Pool at such time.

“Excess Obligor Concentration Amount” means, at any time, the aggregate of the amounts determined for each Obligor bywhich (a) the aggregate Unpaid Balance of all Eligible Receivables included in the Receivables Pool that are owed by such Obligor or an Affiliate of such Obligor at such time, exceeds(b) the Concentration Limit for such Obligor at such time.

“Exchange Act” means the Securities Exchange Act of 1934, as amended or otherwise modified from time to time.

“Excluded Taxes” means any of the following Taxes imposed on or with respect to an Affected Person or required to be withheld or deducted from a payment to an Affected Person:

(a) Taxes imposed on or measured by net income (however denominated), franchise Taxes and branch profits Taxes, in each case, (i) imposed as a result of such Affected Person being organized under the laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender

with respect to an applicableinterest in the Loans orCommitmentpursuant to alaw in effect on the date on which (i) such Lender makes a Loan or its Commitment or (ii) such Lender changes itslendingoffice,except ineachcasetotheextentthatamountswithrespecttosuchTaxeswere payable either to such Lender’s assignor immediatelybefore such Lender became a partyhereto ortosuch Lenderimmediatelybeforeitchangeditslendingoffice,(c)Taxesattributabletosuch Affected Person’s failure to comply with Sections 4.03(f), (g) or (j) and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA.

“Executive Order” means Executive Order No. 13224 on Terrorist Financings: Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism issued on September 23, 2001.

“ExitingGroup”hasthemeaningspecifiedinSection2.02(g).

“FacilityLimit”means$75,000,000asadjustedfromtimetotimepursuantto Section2.02(e).ReferencestotheunusedportionoftheFacilityLimitshallmean,atanytimeof determination, an amount equal to (x) the Facility Limit at such time, minus(y) the Aggregate Capital at such time.

“FATCA” means 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, any agreements entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections of the Code.

“Federal Funds Rate” means, for any period, a fluctuating interest rate perannum, determined by Administrative Agent, equal (for each dayduring such period) to:

(a)the weighted average of the rates on overnight federal funds transactions with membersoftheFederalReserveSystemarrangedbyfederalfundsbrokers,aspublishedforsuch day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York; or

(b)if such rate is not so published for any daywhich is a Business Day, the average of the quotations for such day on such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by it.

“Federal Reserve Bank of New York’s Website” means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or any successor source.

“FeeLetter”hasthemeaningspecifiedinSection2.03(a). “Fees” has the meaning specified in Section 2.03(a).

“Final MaturityDate” means the datethat (i)isonehundred eighty(180)days following the Scheduled Termination Date, (ii) such earlier date on which the Loans become due and

payable pursuant to Section 9.01or (iii) the date of the occurrence of any Debt Near Maturity Event.

“Final Payout Date” means the date on or after the Termination Date when (i) the Aggregate Capital and Aggregate Interest have been paid in full, (ii) all Borrower Obligations shall have been paid in full, (iii) all other amounts owing to the Credit Parties and any other Borrower Indemnified Party or Affected Person hereunder and under the other Transaction Documents have been paid in full and (iv) all accrued Servicing Fees have been paid in full.

“Financial Officer” of any Person means, the chief executive officer, the chief financial officer,the chief accountingofficer,theprincipalaccountingofficer,thecontroller,thetreasurer or the assistant treasurer of such Person.

“First Lien Credit Agreement” means that certain First Lien Credit Agreement, dated as of June 29, 2021, among TGP Holdings III LLC, as lead borrower, Traeger, as revolving loan co-borrower, TGPX Holdings II LLC, as holdings, the lenders party thereto, and Credit Suisse AG, Cayman Islands Branch, as administrative agent and collateral agent.

“FiscalMonth”meanseachcalendarmonth.

“Fitch” means Fitch, Inc. and any successor thereto that is a nationally recognized statistical rating organization.

“Floor”meansarateofinterestequalto0.0%.

“GAAP” means generally accepted accounting principles in the United States of America, consistently applied.

“GovernmentalAuthority”meansthegovernmentoftheUnitedStatesofAmericaorany other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank).

“Group” means, (i) for any Conduit Lender, such Conduit Lender, together with such Conduit Lender’s Related Committed Lenders and related Group Agent, (ii) for MUFG, MUFG as aCommitted Lender and as a Group Agent and (iii) for anyother Lenderthat does not have a RelatedConduitLender,suchLender,togetherwithsuchLender’srelatedGroupAgentandeach other Lender for which such Group Agent acts as a Group Agent hereunder.

“Group A Obligor” means an Obligor (or its parent or majority owner, as applicable, if such parent or majorityowner is a guarantor on the related Contract) with a short-term rating of at least: (a) “A-1” by Standard & Poor’s or, if such Obligor does not have a short-term rating from Standard & Poor’s, a rating of “A+” or better byStandard & Poor’s on such Obligor’s (or, ifapplicable,itsparent’soritsmajorityowner’s)long-termseniorunsecuredand uncredit-enhanced debt securities, and (b)“P-1” byMoody’s,or, ifsuchObligordoes not havea

short-term rating from Moody’s, a rating of “A1” orbetter byMoody’s on such Obligor’s (or, if applicable,itsparent’soritsmajorityowner’s)long-termseniorunsecuredanduncredit-enhanced debt securities; provided, that if an Obligor (or its parent or majority owner, asapplicable,ifsuchparentormajorityownerisaguarantorontherelatedContract)(x)receives a split rating from Standard & Poor’s and Moody’s, then such Obligor (or its parent or majority owner, as applicable) shall be deemed to have the lower of the two ratings or (y) is not rated by one of Standard & Poor’s and Moody’s, then such Obligor shall be deemed to be a Group A Obligor if it maintains the required rating set forth above by one of Standard & Poor’s and Moody’s. Notwithstanding the foregoing, any Obligor that is a Subsidiary or an Affiliate of an Obligor that satisfies the definition of “Group A Obligor” shall be deemed to be a Group A ObligorandshallbeaggregatedwiththeObligorthatsatisfiessuchdefinitionforthepurposesof the Excess Obligor Concentration Amount for such Obligors, unless such deemed Obligor separately satisfies the definition of “Group B Obligor”, “Group C Obligor”, or “Group D Obligor”, in which case such Obligor shall be separately treated as a Group B Obligor, a Group C Obligor or a Group D Obligor, as the case may be, and shall be aggregated and combined for such purposes with any of its Subsidiaries that are Obligors.

“Group Agent” means each Person acting as agent on behalf of a Group and designated astheGroupAgentforsuchGrouponthesignaturepagestothisAgreementoranyotherPerson who becomes a party to this Agreement as a Group Agent for any Group pursuant to an Assignment and Acceptance Agreement or otherwise in accordance with this Agreement.

“Group Agent’s Account”means, with respecttoanyGroup,theaccount(s)fromtimeto time designated in writing by the applicable Group Agent to the Borrower and the Servicer for purposes of receiving payments to or for the account of the members of such Group hereunder.

“Group B Obligor” means an Obligor (or its parent or majority owner, as applicable, if such parent or majority owner is a guarantor on the related Contract) that is not a Group A Obligor and that has a short-term rating of at least: (a) “A-2” by Standard & Poor’s or, if such Obligor does not have a short-term rating from Standard & Poor’s, a rating of “BBB+” orbetter by Standard & Poor’s on such Obligor’s (or, if applicable, its parent’s or its majority owner’s) long-term senior unsecured and uncredit-enhanced debt securities, and (b) “P-2” byMoody’s or, if such Obligor does not have a short-term rating from Moody’s, a rating of “Baal” or better by Moody’s on such Obligor’s (or, if applicable, its parent’s or its majority owner’s) long-term seniorunsecuredanduncredit-enhanceddebtsecurities;provided,thatifanObligor(oritsparent or majority owner, as applicable, if such parent or majority owner is a guarantor on the related Contract) (x) receives a split rating from Standard &Poor’s and Moody’s, then such Obligor (or its parent or majority owner, as applicable) shall be deemed to have the lower of the two ratings or (y) is not rated byone of Standard &Poor’s and Moody’s, then such Obligor shall be deemed to be a Group B Obligor if it maintains the required rating set forth above by one ofStandard & Poor’sandMoody’s.Notwithstandingtheforegoing,anyObligorthatisaSubsidiaryorAffiliate of an Obligor that satisfies the definition of “Group BObligor” shall be deemed to be aGroup B ObligorandshallbeaggregatedwiththeObligorthatsatisfiessuchdefinitionforthepurposesof the Excess Obligor Concentration Amount for such Obligors, unless such deemed Obligor separately satisfies the definition of “Group A Obligor”, “Group C Obligor”, or “Group D Obligor”, in which case such Obligor shall be separatelytreated as a Group A Obligor, a Group

C Obligor or a Group D Obligor, as the case may be, and shall be aggregated and combined for such purposes with any of its Subsidiaries that are Obligors.

“Group C Obligor” means an Obligor (or its parent or majority owner, as applicable, if such parent or majority owner is a guarantor on the related Contract) that is not a Group A Obligor or a Group B Obligor and that has a short-term rating of at least: (a) “A-3” byStandard & Poor’s or, if such Obligor does not have a short-term rating from Standard & Poor’s, a rating of “BBB-”or better by Standard & Poor’s on such Obligor’s (or, if applicable, its parent’s or its majority owner’s) long-term senior unsecured and uncredit-enhanced debt securities, and (b)“P-3” by Moody’s or, if such Obligor does not have a short-term rating from Moody’s, a rating of “Baa3” or better by Moody’s on such Obligor’s (or, if applicable, its parent’s or its majority owner’s) long-term senior unsecured and uncredit-enhanced debt securities; provided, that if an Obligor (or its parent or majority owner, as applicable, if such parent or majority owner is a guarantor on the related Contract) (x) receives a split rating from Standard & Poor’s and Moody’s, then such Obligor (or its parent or majority owner, as applicable) shall be deemed to have the lower of the two ratings or (y) is not rated by one of Standard & Poor’s and Moody’s, thensuchObligorshall bedeemed tobeaGroupCObligorifitmaintainstherequiredratingset forth above by one of Standard & Poor’s and Moody’s. Notwithstanding the foregoing, any Obligor that is a Subsidiary or Affiliate of an Obligor that satisfies the definition of “Group C Obligor”shall bedeemed to be aGroup C Obligorand shall beaggregated with theObligorthat satisfies such definition for the purposes of the Excess Obligor Concentration Amount for such Obligors, unless such deemed Obligor separately satisfies the definition of “Group A Obligor”, “GroupBObligor”,or“GroupDObligor”,inwhichcasesuchObligorshallbeseparately

treated as a Group A Obligor, a Group B Obligoror a Group DObligor,asthecasemaybe,and shall be aggregated and combined for such purposes with any of its Subsidiaries that are Obligors.

“Group Commitment” means, with respect to any Group, at any time of determination, the aggregate Commitments of all Committed Lenders within such Group.

“Group D Obligor” means any Obligor that is not a Group A Obligor, Group B Obligor orGroupCObligor.AnyObligor(oritsparentormajorityowner,asapplicable,ifsuchObligor is unrated) that is rated byneither Moody’s nor Standard & Poor’s shall be a Group D Obligor.

“Guaranty”means,withrespecttoanyPerson,anyobligationofsuchPersonguarantying or in effect guarantying any Debt, liability or obligation of any other Person in any manner, whether directly or indirectly, including any such liability arising by virtue of partnership agreements, including any agreement to indemnify or hold harmless any other Person, any performancebond orothersuretyship arrangement and anyother form of assurance againstloss, except endorsement of negotiable or other instruments for deposit or collection in the ordinary course of business.

“Indemnified Taxes” means (a) 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 of its

Affiliates under any Transaction Document and (b) to the extent not otherwise described in clause (a)above, Other Taxes.

“IndependentDirector”hasthemeaningsetforthinSection7.03(c).

“Insolvency”means,withrespecttoanyMultiemployerPlan,theconditionthatsuchplan is insolvent within the meaning of Section 4245 of ERISA.

“IntendedTaxTreatment”hasthemeaningsetforthinSection13.14.

“Interest” means, for each Loan for any day during any Interest Period (or portion thereof), the amount of interest accrued on the Capital of such Loan during such Interest Period (or portion thereof) in accordance with Section 2.03(b).

“Interest Period” means, with respect to each Loan, (a) before the Termination Date:(i) initially, the period commencing on the date such Loan is made pursuant to Section 2.01(or in thecaseofanyfeespayablehereunder,commencingontheClosingDate)andendingon(butnot including) the end of such Settlement Period and (ii) thereafter, each Settlement Period and (b) on and after the Termination Date, such period (including a period of one day) as shall be selected from time to time by the Administrative Agent (with the consent or at the direction of the MajorityGroup Agents) or, in the absence of anysuch selection, each Settlement Period.

“Interest Rate” means, for anydayin anyInterest Period for anyLoan (or anyportion of Capital thereof):

(a)if such Loan (or such portion of Capital thereof) is being funded by a Conduit Lender on such daythrough the issuance of Notes, the applicable CP Rate; or

(b)if such Loan (or such portion of Capital thereof) is being funded by any Lender on such day other than through the issuance of Notes (including, without limitation, if a Conduit Lender is then funding such Loan (or such portion of Capital thereof) under a Program Support Agreement, or if a Committed Lender is then funding such Loan (or such portion of Capital thereof)), then Adjusted Term SOFR, provided, however, that the Interest Rate applicable to any SOFR Loan that is not advanced on a Monthly Settlement Date shall be Daily Simple SOFR for each day during the initial Interest Period applicable to such Loan from the date such Loan is made pursuant to Section 2.01until the next occurring Monthly Settlement Date;

provided, however,thatthe“InterestRate”foreach LoanandanydaywhileanEventofDefault has occurred and is continuingshall be an interest rateperannum equal to thesum of2.00%per annum plusthe greater of (i) the interest rate per annumdetermined forsuch Loan andsuchday pursuant to clause (a)or (b)above, as applicable, and (ii) the Base Rate in effect on such day; provided, further, that no provision of this Agreement shall require the payment or permit the collection of Interest in excess ofthemaximumpermittedbyApplicableLaw; provided, further, however, that Interest for anyLoanshall not be considered paid byanydistribution to theextent that at any time all or a portion of such distribution is rescinded or must otherwise be returned for any reason.

“InterimReport”meansanyDailyReportorWeeklyReport.

“InvestmentCompanyAct”meansthe InvestmentCompanyActof1940, as amendedor otherwise modified from time to time.

“Lenders”meanstheConduitLendersandtheCommittedLenders.

“Level1LiquidityShortfall”shallexistandbecontinuingatanytimethatLiquiditydoes not equal or exceed $75,000,000.

“Level2LiquidityShortfall”shallexistandbecontinuingatanytimethatLiquiditydoes not equal or exceed $42,500,000.

“Liquidity”means an amount equal tothesum ofthe following: (a) cashoftheParentor any of its Subsidiaries that is then in the deposit accounts of the Parent or any of such Subsidiaries (excluding any amounts then on deposit in any Collection Account except, at any time that the Administrative Agent is exercising exclusive control and dominion over the Collection Accounts, to the extent that such amounts on deposit therein exceed the aggregate amount expected to be paid pursuant to clauses (i)through (iv)of Section 3.01(a)on the next Settlement Date (as reasonablyestimated bythe Administrative Agent)), plus(b) the amount (if any) then available to be borrowed by Traeger in cash pursuant to the First Lien Credit Agreement to the extent that all conditions precedent to such borrowing (including any requirement to pledge or post collateral, to satisfy borrowing base requirements, to ensure that TraegeranditsAffiliatesareincompliancewithallrelevantfinancialcovenantsbeforeandafter givingeffecttosuch borrowingandthatnoeventofdefaultorunmatured eventofdefaultexists

or would result fromsuchborrowing) arethensatisfied,otherthan anyrequirementthatTraeger deliver a borrowing request or any similar and customary notice or certification required to initiate such a borrowing, plus(c) so long as all of the conditions to funding a Loan pursuant to thisAgreementarethensatisfied,theexcess,ifany,of(i)thelesserof(x)theBorrowingBaseat such time and (y) the FacilityLimit at such time, over(ii) Aggregate Capital at such time.

“Liquidity Agent” means any bank or other financial institution acting as agent for the various Liquidity Providers under each Liquidity Agreement.

“Liquidity Agreement” means any agreement entered into, directly or indirectly, in connection with or related to, this Agreement pursuant to which a Liquidity Provider agrees to make loans or advances to, or purchase assets from, a Conduit Lender (directlyor indirectly) in order to provide liquidityor other enhancement forsuchConduit Lender’s Notes orothersenior indebtedness.

“LiquidityProvider”meansanylender,creditenhancerorliquidityproviderthatisatany timepartyto aLiquidityAgreementoranysuccessororassignofsuchlender,creditenhanceror liquidity provider or any similar entity with respect to any permitted assignee of a Conduit Lender.

“Loan”meansanyloanmadebyaLenderpursuanttoSection2.02.

“Loan Request” means a letter in substantiallytheform of Exhibit Ahereto executed and deliveredbytheBorrowertotheAdministrativeAgentandtheGroupAgentspursuanttoSection2.02(a).

“Lock-Box” means each locked postal box with respect to which a Collection Account Bank has executed a Collection Account Control Agreement pursuant to which it has been granted exclusive access for the purpose of retrieving and processing payments made on the Receivables and which is listed on Schedule II(as such schedule maybe modified from time to time in connection with the addition or removal of any Lock-Box in accordance with the terms hereof).

“Loss Horizon Ratio” means, as of any Cut-Off Date, a fraction (expressed as a percentage), (a) the numerator of which is the aggregate initial Unpaid Balance of all Receivables originated by each Originator during the immediately preceding four (4) Fiscal Months then most recently ended and (b) the denominator of which is the Eligible Receivable Pool Balance as of such Cut-Off Date.

“Loss Ratio” means, as of any Cut-Off Date, the ratio (expressed as a decimal) (a) the numerator of which is the sum of (i) the aggregate Unpaid Balance of all Pool Receivables as to whichanypayment,orpartthereof,remainsunpaidformorethan90butlessthan121daysfrom the original due date for such Pool Receivable, plus(withoutduplication) (ii) anyLosses (net of recoveries) incurred in the most recentlyended Fiscal Month, and (b) the denominator of which istheaggregateinitialUnpaidBalanceofallReceivablesgeneratedbytheOriginatorsduringthe Fiscal Month five (5) months prior to the Fiscal Month ending on such Cut-Off Date; provided, howeverthat, (x) with respect to the Monthly Report delivered in connection with the January 2022FiscalMonth,noSubjectReceivableforwhichpaymenthasbeenreceivedpriortothe

deliveryof such MonthlyReport shall be used in the calculationof “LossRatio” and (y) for any MonthlyReportdeliveredfortheAugust2022FiscalMonthandanyFiscalMonththereafter,no SubjectDirect ImportReceivablesshallbeusedinthecalculationof“LossRatio”foranyFiscal MonthfromandincludingDecember2021toandincludingAugust2022(but,fortheavoidance of doubt, shall be used in the calculation of “Loss Ratio” for anyother Fiscal Month).

“Loss Reserve Floor Percentage” means, at any time of determination, the largest of: (a) the largest Obligor Percentage of the Group A Obligors, (b) the sum of the two (2) largest Obligor Percentages of the Group B Obligors, (c) the sum of the three (3) largest Obligor Percentages of the Group C Obligors and (d) thesum of the five (5)largest ObligorPercentages of the Group D Obligors; provided, that for purposes of determining the Loss Reserve Floor Percentage, the Obligor Percentage of any Special Obligors shall not exceed the Specified Concentration Percentage that would be applicable to such Special Obligor as determined pursuanttoclause(a)ofthedefinedtermSpecifiedConcentrationPercentageandwithoutregard to its Special Concentration Percentage.By way of example, if a Special Obligor is a Group D Obligor and has a Special Concentration Percentage of 30.00%, then the Obligor Percentage included in the calculation of the Loss Reserve Floor Percentage with respect to such Special Obligor shall not exceed 4.00%.

“Losses” means the Unpaid Balance of any Pool Receivables that have been, or should have been, written-off as uncollectible by the Servicer or any Originator in accordance with the Credit and Collection Policies.

“Majority Group Agents” means one or more Group Agents which in its Group, or their combined Groups, as the case maybe, have Committed Lenders representing more than 50% of the aggregate Commitments of all Committed Lenders in all Groups (or, if the Commitments have been terminated, have Lenders representing more than 50% of the aggregate outstanding Capital held by all the Lenders in all Groups).

“Material Adverse Effect” means, with respect to any event or circumstance, a material adverse effect on:

(a)(i) if aparticular Person is specified, the abilityof such Person to perform its obligations under this Agreement or any other Transaction Document or (ii) if a particular Person is not specified, the abilityof (x) the Borrower (individually) or (y)the Traeger Parties to perform their obligations under this Agreement or any other Transaction Document (in the aggregate);

(b)thevalue,validity,enforceabilityorcollectabilityofthePoolReceivables, the Related Security with respect thereto;

(c)(i) the status, existence, perfection, priority, enforceability or other rights andremedies ofanyCreditPartyundertheTransactionDocuments orassociatedwithits respective interest in the Collateral or (ii) the validity or enforceability against any Traeger Party of any Transaction Document; or

(i) if a particular Person is specified, the business, assets, liabilities, property, operations or financial condition of such Person or (ii) if a particular Person is

notspecified,thebusiness,assets,liabilities,properties,operationsorfinancialcondition of the Traeger Parties (in the aggregate taken as a whole).

“Maximum Days Sales Outstanding” means, as of any day, the highest Days Sales Outstanding for any Fiscal Month observed over the preceding twelve Fiscal Months.

“MonthlyReport”meansareport,insubstantiallytheformofExhibitF.

“Monthly Reporting Date” means the 17thday of each calendar month (or if such day is not a Business Day, the next occurring Business Day).

“Monthly Settlement Date” means the second (2nd) Business Day after each Monthly Reporting Date.

“Moody’s” means Moody’s Investors Service, Inc. and any successor thereto that is a nationally recognized statistical rating organization.

“MUFG”hasthemeaningsetforthinthepreambletothisAgreement.

“Multiemployer Plan” means a plan that is a multiemployer plan as defined in Section 4001(a)(3) of ERISA to which anyTraeger Partyor anyCommonlyControlled Entityismaking or accruing an obligation to make contributions, or has within any of the preceding five plan years made or accrued an obligation to make contributions.

“Net Receivable Pool Balance” means, at any time, an amount equal to the aggregate Unpaid Balance of Pool Receivables that are Eligible Receivables determined at such time, minus(without duplication) the sumof (a)the aggregate Excess ObligorConcentration Amount at such time, plus(b) the Excess Government Receivables Concentration Amount at such time.

“Notes” means short-term promissory notes issued, or to be issued, by any Conduit Lender to fund its investments in accounts receivable or other financial assets.

“Obligor”meansaPersonobligatedtomakepaymentsunderaContractwithrespecttoa Receivable, including any guarantor thereof.

“Obligor Percentage” means, at any time of determination, for each Obligor, a fraction, expressed as a percentage, (a) the numerator of which is the aggregate Unpaid Balance of the Eligible Receivables of such Obligor less the amount (if any)thenincluded inthe calculation of the Excess ObligorConcentration Amount with respecttosuchObligorand(b)thedenominator of which is the aggregate Unpaid Balance of all Eligible Receivables at such time.

“OFAC” has the meaning set forth in the definition of Sanctioned Person. “OrganizationalDocuments”meanswithrespecttoanyPerson,(a)thearticlesof

incorporation, certificate of incorporation or certificate of formation (or the equivalent organizational documents) of such Person and (b) the bylaws or operating agreement (or the equivalent governing documents) of such Person.

“Originator” means each Person that is a party to the Purchase and Contribution Agreement as an “Originator” thereunder.

“OtherConnectionTaxes”means,withrespecttoanyAffectedPerson,Taxesimposedas a result of a present or former connection between such Affected Person and the jurisdiction imposing such Tax (other than connections arising from such Affected Person having executed, delivered,becomeapartyto,performeditsobligationsunder,receivedpaymentsunder,received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Transaction Document, or sold or assigned an interest in any Loan or Transaction Document).

“Other Taxes” means any and all present or future stamp, court or documentary, intangible, recording, filing, or similar Taxes arising from anypaymentmadehereunderor from the execution, performance, delivery, registration or enforcement of, or otherwise in respect of, this Agreement, the other Transaction Documents and the other documents or agreements to be delivered hereunder or thereunder, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment.

“Parent”meansTraeger.

“Parent Group” has the meaning set forth in Section 7.03(c). “Participant” has the meaning set forth in Section 13.03(e). “ParticipantRegister”hasthemeaningsetforthinSection13.03(f). “Party” means any Person who is a party to this Agreement. “PATRIOT Act” has the meaning set forth in Section 13.15.

“PBGC”meansthePensionBenefitGuarantyCorporationestablishedpursuanttoSubtitle A of Title IV of ERISA (or any successor).

“Pension Plan” means a pension plan as defined in Section 3(2) of ERISA, other than a Multiemployer Plan, that is subject to Title IV of ERISA or Section 412 of the Code and with respect to which anyTraeger Partyor CommonlyControlled Entityhas anyliability, contingent or otherwise.

“Percentage” means, at any time of determination, with respect to any Committed Lender, a fraction (expressed as a percentage), (a) the numerator of which is (i) prior to the termination of all Commitments hereunder, its Commitment at such time or (ii) if all Commitments hereunder have been terminated, the aggregate outstanding Capital of all Loans being funded by such Lender at such time and (b) the denominator of which is (i) prior to the termination of all Commitments hereunder, the aggregate Commitments of all Committed Lenders at such time or (ii) if all Commitments hereunder have been terminated, the aggregate outstanding Capital of all Loans at such time.

“PerformanceGuarantor”meansTraegerPelletGrillsHoldingsLLC.

“Performance Guaranty” means the Performance Guaranty, dated as of the ClosingDate, bythePerformanceGuarantorinfavoroftheAdministrativeAgentforthebenefitoftheSecured Parties.

“Permitted Adverse Claims” means (a) liens created or arising in favor of the Administrative Agent for the benefit of the Credit Parties pursuant to the Transaction Documents; (b) any inchoate liens for current taxes, assessments, levies, fees and other government and similar charges not yet due and payable or the amount or validity of which is being contested in good faith by appropriate proceedings and with respect to which adequate reserves have been established in accordance with GAAP, but only so long as foreclosure with respect to such lien is not imminent and the use and value of the property to which the liens attach are not impaired during the pendency of such proceedings and (c) mechanics’, workers’, materialmen’s or other like liens arising in the ordinarycourse of the Originator’s business with respect to obligations which are not due and payable.

“Person” means an individual, partnership, corporation (including a business trust), joint stock company, trust, unincorporated association, joint venture, limited liability company or other entity, or any Governmental Authority.

“PoolReceivable”meansaReceivableintheReceivablesPool.

“PortionofCapital”means,withrespecttoanyLenderanditsrelatedCapital,theportion of such Capital being funded or maintained by such Lender by reference to a particular interest rate basis.

“PrimeRate”means, with respect to anyGroup,therateofinterest ineffectforsuchday aspubliclyannounced from timeto timebytheapplicable GroupAgent,theRelatedCommitted Lender or their Affiliates as its “reference rate” or “prime rate”, as applicable.Such “reference rate”or“primerate”issetbytheapplicableGroupAgent,therelatedCommittedLenderortheir Affiliates based upon various factors, including such Person’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 announced rate, and is not necessarily the lowest rate charged to any customer.

“Program Support Agreement” means and includes any Liquidity Agreement and any otheragreemententeredintobyanyProgramSupportProviderprovidingfor:(a)theissuanceof one or more letters of credit for the account of any Conduit Lender, (b) the issuance of one or more surety bonds for which any Conduit Lender is obligated to reimburse the applicable Program Support Provider for any drawings thereunder, (c) the sale by any Conduit Lender to anyProgram Support Provider of anyLoan (or portions thereof or participation interest therein) maintained by such Conduit Lender and/or (d) the making of loans and/or other extensions of credittoanyConduitLenderinconnectionwithsuchConduitLender’s receivables-securitization program contemplated in this Agreement, together with any letter of credit, surety bond or other instrument issued thereunder.

“Program Support Provider” means and includes, with respect to any Conduit Lender, any Liquidity Provider and any other Person (other than any customer of such Conduit Lender) now or hereafter extending credit or having a commitment to extend credit to or for the account of, or to make purchases from, such Conduit Lender pursuant to any Program Support Agreement.

“Purchase and ContributionAgreement” means the Purchase and Contribution Agreement, dated as of the Closing Date, among the Originators and the Borrower.

“Purchase and ContributionTermination Event” has the meaning set forth in the Purchase and Contribution Agreement.

“Rating Agency” means each of S&P, Fitch and Moody’s (and/or each other rating agency then rating the Notes of any Conduit Lender).

“Receivable”meansanyrighttopaymentofamonetaryobligation,whetherornotearned by performance, owed to anyOriginator or the Borrower (as assignee of an Originator), whether constituting an account, chattel paper, payment intangible, instrument or general intangible, in each instance arising in connection with the sale of goods that have been or are to be sold or for services rendered or to be rendered, and includes, without limitation, the obligation to pay any service charges, finance charges, interest, fees and other charges with respect thereto.Anysuch

righttopaymentarisingfromanyonetransaction,including,withoutlimitation,anysuchrightto payment represented by an individual invoice or agreement, shall constitute a Receivable separate from a Receivable consisting of any such right to payment arising from any other transaction.

“Receivables Pool” means, at any time of determination, all of the then outstanding Receivablestransferred(orpurportedtobetransferred)totheBorrowerpursuanttothePurchase and Contribution Agreement and which are then owned bythe Borrower.

“Register”hasthemeaningsetforthinSection13.03(c).

“Related Committed Lender” means with respect to any Conduit Lender, each Committed Lender listed as such for each Conduit Lender as set forth on the signature pages of this Agreement or in any Assignment and Acceptance Agreement.

“Related Conduit Lender” means, with respect to any Committed Lender, each Conduit Lender which is, or pursuant to any Assignment and Acceptance Agreement or otherwise pursuanttothis Agreementbecomes,includedasaConduitLenderinsuchCommittedLender’s Group, as designated on its signature page hereto or in such Assignment and Acceptance Agreement or other agreement executed bysuch Committed Lender, as the case maybe.

“Related Rights” has the meaning set forth in Section 1.1of the Purchase and Contribution Agreement.

“RelatedSecurity”means,withrespecttoanyReceivable:

(a)all of the Borrower’s and each Originator’s interest in any goods (including Returned Goods), and documentation of title evidencing the shipment or storage of any goods (including Returned Goods), the sale of which gave rise to such Receivable;

(b)allinstrumentsandchattelpaperthatmayevidencesuchReceivable;

(c)all other securityinterests or liens and propertysubject thereto from time to time purporting to secure payment of such Receivable, whether pursuant to the Contract related to such Receivable or otherwise, together with all UCC financing statements or similar filings relating thereto;

(d)all of the Borrower’s and each Originator’s rights, interests and claims under the related Contracts and all guaranties, indemnities, insurance and other agreements (including the relatedContract)orarrangementsofwhatevercharacterfromtimetotimesupportingorsecuring payment of such Receivable or otherwise relating to such Receivable, whether pursuant to the Contract related to such Receivable or otherwise;

(e)allbooks and records ofthe BorrowerandeachOriginatortotheextentrelatedto any of the foregoing,

(f)all rights, remedies, powers, privileges, title and interest (but not obligations) in and to each Lock-Box and Collection Accounts, into which any Collections or other proceeds withrespecttosuchReceivablesmaybedeposited,andanyrelatedinvestmentpropertyacquired with anysuch Collections or other proceeds (as such term is defined in the applicable UCC);

(g)all of the Borrower’s rights, interests and claims under the Purchase and Contribution Agreement and the other Transaction Documents; and

(h)all Collections and other proceeds (as defined in the UCC) of any of the foregoing.

“Release”hasthemeaningsetforthinSection3.01(a).

“ReportableEvent”meansanyoftheeventssetforthinSection4043(c)ofERISA,other than those events as to which the thirty-daynotice period is waived under PBGC Reg. § 4043.

“Representatives”hasthemeaningsetforthinSection13.06(c). “Required Capital Amount” means $20,000,000.

“RequiredRatings”meansTraegeristhenmaintainingeither(a)aratingof“B-”orbetter byStandard &Poor’sonitslong-termseniorunsecuredanduncredit-enhanceddebtsecuritiesor

(b)aratingof“B3”orbetterbyMoody’sonitslong-termseniorunsecuredand uncredit-enhanced debt securities; for the avoidance of doubt, Traeger shall not be maintaining Required Ratings at any time its long-term senior unsecured and uncredit-enhanced debt securities are not then rated byboth of Standard & Poor’s and Moody’s.

“Required Reserves” means, for any day, (i) the sum of (a) the greater of (I) the sum of theLossReserveFloorPercentageandtheDilutionReserveFloorPercentageand(II)thesumof the Dynamic Loss Reserve Percentage and the Dynamic Dilution Reserve Percentage, plus(b) the sum of the Yield Reserve Percentage and the Servicing Fee Reserve Percentage, multipliedby(ii) the Adjusted Net Receivable Pool Balance as of such date.

“Responsible Officer” means, with respect to any Person, the general counsel or any executive officer of such Person and any other officer of such Person responsible for the administration of the obligations of such Person in respect of this Agreement and the other Transaction Documents.

“RestrictedPayments”hasthemeaningsetforthinSection7.01(r).

“Returned Goods” means all right, title and interest in and to returned, repossessed or foreclosed goods and/or merchandise the sale of which gave rise to a Receivable; providedthat such goods shall no longer constitute Returned Goods after a Deemed Collection has been deposited in a Collection Account with respect to the full Unpaid Balance of the related Receivables.

“S&P” means Standard & Poor’s Rating Services, a Standard & Poor’s Financial ServicesLLCbusiness,andanysuccessortheretothatisanationallyrecognizedstatisticalrating organization.

“Sanctioned Country” means, at any time, a country or territory which is the subject or target of any Sanctions, including as of the Closing Date, Cuba, Crimea (Ukraine), Iran, Syria and North Korea.

“SanctionedPerson”means,atanytime,(a)anyPersoncurrentlythesubjectorthetarget of anySanctions, including anyPerson listed in anySanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”) (or anysuccessor thereto) or the U.S. Department of State, or asotherwisepublished from time to time; (b)that is fifty-percent ormoreowned,directlyorindirectly, in theaggregate byone ormorePersonsdescribed inclause(a)above;(c)that isoperating,organized orresident in a Sanctioned Country; (d) with whom engaging in trade, business or other activities is otherwise prohibited or restricted by Sanctions; or (e) (i) an agency of the government of a Sanctioned Country, (ii) an organization controlled by a Sanctioned Country, or (iii) a Person resident in a Sanctioned Country, to the extent subject to a sanctions program administered by OFAC.

“Sanctions” means the laws, rules, regulations and executive orders promulgated or administered to implement economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time (a) by the U.S. government, including those administeredbyOFAC,theU.S.StateDepartment,theU.S.DepartmentofCommerceorthe

U.S. Department of the Treasury, (b) by the United Nations Security Council, the European Union, Her Majesty’s Treasuryof the United Kingdom,the FrenchRepublicorthe Government ofJapanor(c)byotherrelevantsanctionsauthoritiestotheextentcompliancewiththesanctions imposed bysuch other authorities would not entail a violation of Applicable Law.

“ScheduledTerminationDate”meansAugust6,2027,assuchdatemaybeextended from time to time pursuant to Section 2.02(g).

“SeasonalLimitChangeDate”hasthemeaningsetforthinSection2.02(h).

“SEC”meanstheU.S.SecuritiesandExchangeCommissionoranygovernmentalagencies substituted therefor.

“Secured Parties” means each Credit Party, each Borrower Indemnified Party and each Affected Person.

“Securities Act” means the Securities Act of 1933, as amended or otherwise modifiedfrom time to time.

“Security” is defined in Section 2(a)(1) of the Securities Act. “Servicer”hasthemeaningsetforthinthepreambletothisAgreement.

“Servicer Indemnified Amounts” has the meaning set forth in Section 12.02(a). “Servicer Indemnified Party” has the meaning set forth in Section 12.02(a). “Servicing Fee” means the fee referred to in Section 8.06(a)of this Agreement. “ServicingFeeRate”meanstheratereferredtoinSection8.06(a)ofthisAgreement.

“Servicing Fee Reserve Percentage” means, as of any date of determination, an amount equal to:

(SF x SFR) x (MDSO/360)

where

SF    =    stressfactorof1.5;

SFR    =    theServicingFeeRate;and

MDSO=    theMaximumDaysSalesOutstandingonsuchday.

“SettlementDate”meanswithrespecttoanyPortionofCapitalforanyInterestPeriodor any Interest or Fees, (i) so long as no Event of Default has occurred and is continuing and the Termination Date has not occurred, the Monthly Settlement Date and (ii) on and after the Termination Date or if an Event of Default has occurred and is continuing, each day selected from time to time by the Administrative Agent (with the consent or at the direction of the MajorityGroup Agents) (it being understood that the Administrative Agent (withthe consentor at the direction of the Majority Group Agents) may select such Settlement Date to occur as frequentlyas daily), or, in the absence of such selection, the MonthlySettlement Date.

“SettlementPeriod”means:

and

(a)theperiodfromtheClosingDatetotheendofthenextcalendarmonththereafter;

(b)thereafter,eachsubsequentcalendarmonth;

provided,thatthelastSettlementPeriodshallendontheFinalPayoutDate.

“SOFR”withrespecttoanydaymeansthesecuredovernightfinancingratepublishedfor

suchdaybytheFederalReserveBankofNewYork,astheadministratorofthebenchmark,(ora successor administrator) on the Federal Reserve Bank of New York’s Website.

“SOFRLoan”meansaDailySimpleSOFRLoanoraTermSOFRLoan.

“Solvent” means, with respect to any Person and as of anyparticular date, (i) the present fair market value (or present fair saleable value) of the assets of such Person is not less than the total amount required to paythe probable liabilities of such Person on its total existingdebts and liabilities(includingcontingentliabilities)astheybecomeabsoluteandmatured,(ii)suchPerson is able to realize upon its assets and payits debts and other liabilities, contingent obligations and commitments as theymature and become due in the normal course of business, (iii) such Person is not incurring debts or liabilities beyond its ability to pay such debts and liabilities as they mature and (iv) such Person is not engaged in any business or transaction, and is not about to engageinanybusinessortransaction,forwhichitspropertywouldconstituteunreasonablysmall capital after giving due consideration to the prevailing practice in the industry in which such Person is engaged.

“Special Obligor” has the meaning set forth in the defined term Specified Concentration Percentage.

“Special Concentration Percentage” has the meaning set forth in the defined term Specified Concentration Percentage.

“SpecifiedConcentrationPercentage”means(a)exceptasprovidedinclause(b)below,

(i)foranyGroupAObligor,20.00%,(ii)foranyGroupBObligor,15.00%,(iii)foranyGroupC Obligor, 7.50% and (iv) for anyGroup D Obligor, 4.00%, and (b) for each of the Obligors listed in the chart below (each, a “Special Obligor”), the percentage specified in the chart below forsuch Special Obligor (the applicable “Special Concentration Percentage”); provided, however, that the Administrative Agent may (or, at the direction of any Group Agent shall), upon not less thanfive(5)BusinessDays’noticetotheBorrower(x)canceltheSpecialConcentration PercentagewithrespecttoanyorallSpecialObligors,inwhichcasetheSpecifiedConcentration Percentage for such Special Obligor(s) shall be determined pursuant to clause (a)above or (y) reducetheSpecialConcentrationPercentagewithrespecttoanyorallSpecialObligorstoa percentage not less than the Specified Concentration Percentage for such Special Obligor(s) as determined pursuant to clause (a)above.In the event that any other Obligor is or becomes anAffiliateofaSpecialObligor,theSpecialConcentrationPercentageshallapply tobothsuch ObligorandsuchSpecialObligorandshallbecalculatedas if such Obligor and such Special Obligor were a single Obligor.

“Stress Factor” means (i) during a Level 2 Liquidity Shortfall, 2.50, and (ii) at all other times, 2.25.

“Subordinated Note” has the meaning set forth in the Purchase and Contribution Agreement.

“Sub-Servicer”hasthemeaningsetforthinSection8.01(d).

“Subject Direct Import Receivable” means any Receivable, the Obligor or which is The HomeDepot,Inc.(oranySubsidiaryorAffiliatethereof)thatrelatestogoodsshippeddirectlyto the Obligor from a manufacturer outside of the United States of America.

“Subject Receivable” means any Receivable for which the related Obligor is The Home Depot, Inc. or any Subsidiary or Affiliate thereof, which Receivable was an outstanding Delinquent Receivable during the January 2022 Fiscal Month.

“Subsidiary” means, as to any Person, a corporation, partnership, limited liability companyor other entityof which shares of stock of each class or otherinterests havingordinary voting power (other than stock or other interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such entityare at the time owned, or management of which is otherwise controlled:(a) bysuch Person, or (b) by one or more Subsidiaries of such Person.

“Supplier Receivable” means any Pool Receivable the Obligor of which is a material supplier to any Originator or any of its respective Affiliates or an Affiliate of anysuch material supplier.

“Taxes” means any and all present or future taxes, levies, imposts, duties, deductions, withholdings(includingbackupwithholding),assessments,feesorotherchargesimposedbyany Governmental Authorityand all interest, penalties or additions to tax with respect thereto.

“TermSOFR”means,

(a)for any calculation with respect to a Term SOFR Loan, the Term SOFR ReferenceRateforatenorcomparabletotheapplicableInterestPeriodontheday(suchday,the “PeriodicTermSOFRDeterminationDay”)thatistwo(2)U.S.GovernmentSecuritiesBusiness Days prior to the first day of such Interest Period, as such rate is published by the Term SOFR Administrator; provided, however, that if as of 5:00 p.m. (New York Citytime) on anyPeriodic Term SOFR Determination Daythe Term SOFRReferenceRatefortheapplicabletenorhas not

been published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term

SOFR Reference Rate for such tenor as published bythe Term SOFR Administrator on the first precedingU.S.GovernmentSecuritiesBusinessDayforwhichsuchTermSOFRReferenceRate forsuchtenorwaspublishedby theTermSOFRAdministratorsolong assuchfirstpreceding

U.S.GovernmentSecuritiesBusinessDayisnotmorethanthree(3)U.S.GovernmentSecurities Business Days prior to such Periodic Term SOFR Determination Day, and

(b)for anycalculation with respect to a Base Rate Loan on anyday, the Term SOFRReferenceRateforatenorofonemonthontheday(suchday,the“BaseRateTermSOFRDetermination Day”) that is two (2) U.S. Government Securities Business Days prior to such day, as such rate is published bythe Term SOFR Administrator; provided, however, that if as of 5:00 p.m. (New York City time) on any Base Rate Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenoraspublishedbytheTermSOFRAdministratoronthefirstprecedingU.S.GovernmentSecurities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business Days prior to such Base Rate Term SOFR Determination Day;

provided, further, that if Term SOFR determined as provided above (including pursuant to the proviso under clause (a)or clause (b)above) shall ever be less than the Floor, then Term SOFR shall be deemed to be the Floor.

“Term SOFR Administrator” means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Administrative Agent in its reasonable discretion).

“Term SOFR Loan” means a Loan accruingInterest at Adjusted Term SOFR, other than pursuant to clause (c)of the definition of “Base Rate”.

“Term SOFR Reference Rate” meansthe forward-looking term rate based on SOFR. “Termination Date” means the earliest to occur of (a) the Scheduled Termination Date,

(b) the date on which the “Termination Date” is declared or deemed to have occurred under Section 9.01and (c) the date selected by the Borrower on which all Commitments have been reduced to zero pursuant to Section 2.02(e).

“Threshold Amount” has the meaning assigned thereto in the First Lien Credit Agreement as in effect on the Closing Date and without giving effect to any subsequent amendment, modification or termination thereof.

“Traeger”hasthemeaningsetforthinthepreambletothisAgreement.

“Traeger Party” means Traeger, the Borrower, the Servicer, each Originator and the Performance Guarantor.

“Transaction Documents” means this Agreement, the Purchase and Contribution Agreement, the Collection Account Control Agreements, the Fee Letter, the Performance Guaranty, each Subordinated Note and all other certificates, instruments, UCC financing statements, reports, notices, agreements and documents executed or delivered under or in connection with this Agreement, in each case as the same may be amended, supplemented or otherwise modified from time to time in accordance with this Agreement.

“Transaction Information” means any information provided to any Rating Agency, in eachcase, to theextentrelated tosuchRatingAgencyprovidingorproposingtoprovidearating of any Notes or monitoring such rating including, without limitation, information in connection with the Borrower, any Originator, the Servicer or the Receivables.

“UCC” means the Uniform Commercial Code as from time to time in effect in the applicable jurisdiction.

“UnmaturedEventofDefault”meansaneventthatbutfornoticeorlapseoftimeorboth would constitute an Event of Default.

“Unpaid Balance” means, at any time of determination, with respect to any Receivable, the then outstanding principal balance thereof.

“U.S. Dollars” and “$” each mean the lawful currencyof the United States of America. “U.S.Person”meansa“UnitedStatesperson”withinthemeaningofSection7701(a)(30)

oftheCode.

“U.S.GovernmentSecuritiesBusinessDay”meansanydayexceptfor(a)aSaturday,(b) a Sunday or (c) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities.

“U.S.TaxComplianceCertificate”hasthemeaningsetforthinSection4.03(f)(ii)(B)(3). “VolckerRule”meansSection13oftheU.S.BankHoldingCompanyActof1956,as

amended,andtheapplicablerulesandregulationsthereunder.

“WeeklyReport”meansareport,insubstantiallytheformofExhibitJ.

“Weekly Reporting Date” means the second Business Day of each calendar week. “WeeklyReportingPeriod”means(i)theperiod(a)beginningonthefirstBusinessDay

of the first calendar week beginning in July of each calendar year and (b) ending on the last Business Dayofthe first calendarweek endingin Octoberof each calendar year; provided,that aWeeklyReportingPeriod shall be continuingat anytimethatTraegershall fail to maintain the Required Ratings.

“Withdrawal Liability” means any liability to a Multiemployer Plan as a result of a complete or partial withdrawal by any Traeger Party or any Commonly Controlled Entity from such Multiemployer Plan, as such terms are defined in Title IV of ERISA.

“YieldReservePercentage”meansatanytimeofdetermination:

1.50 x MDSO x BR

360

where:

BR    =    theBaseRateatsuchtime;and

MDSO=    theMaximumDaysSalesOutstandingonsuchday.

SECTION1.02.Other Interpretative Matters.All accounting terms not specifically defined herein shall be construed in accordance with GAAP.All terms used in Article 9 of the UCC in the State of New York and notspecificallydefinedherein, areusedherein asdefined in such Article 9.Unless otherwise expressly indicated, all references herein to “Article,” “Section,” “Schedule”, “Exhibit” or “Annex”shall mean articles and sections of, and schedules, exhibits and annexes to, this Agreement.Forpurposes ofthis Agreement, theother Transaction Documents and all such certificates and other documents, unless the contextotherwise requires:

(a) references to any amount as on deposit or outstanding on any particular date means such amount at the close of business on such day; (b) the words “hereof,” “herein” and “hereunder” and words of similar import refer to such agreement (or the certificate or other document in which they are used) as a whole and not to any particular provision of such agreement (or such certificate or document); (c) references to any Article, Section, Schedule, Exhibit or Annex are referencestoArticles,Sections,Schedules,ExhibitsandAnnexesinortosuchagreement(orthe certificate or other document in which the reference is made), and references to any paragraph, subsection, clause or other subdivision within any Section or definition refer to such paragraph, subsection, clause or other subdivision of such Section or definition; (d) the term “including” means “including without limitation”; (e) references to any Applicable Law refer to that Applicable Law as amended from time to time and include any successor Applicable Law; (f) references to any agreement refer to that agreement as from time to time amended, restated or supplemented or as the terms of such agreement are waived or modified in accordance with its terms; (g) references to any Person include that Person’s permitted successors and assigns; (h) headings are for purposes of reference only and shall not otherwise affect the meaning or interpretation of any provision hereof; (i) unless otherwise provided, in the calculation of time from a specified date to alaterspecified date, theterm “from”means “from and including”, and the terms “to” and “until” each means “to but excluding”; (j) terms in one gender include the parallel terms in the neuter and opposite gender; (k) references to any amount as on deposit or outstanding on any particular date means such amount at the close of business on such day and

(l)theterm“or”isnotexclusive.

ARTICLE II TERMSOFTHELOANS

SECTION2.01.LoanFacility.UponarequestbytheBorrowerpursuanttoSection

2.02, and on the terms and subject to the conditions hereinafter set forth, the Conduit Lenders, ratably,inaccordancewiththeaggregateoftheCommitmentsoftheRelatedCommittedLenders withrespect toeach such Conduit Lender,severallyand not jointly,may, in theirsolediscretion, make Loans to the Borrower on a revolving basis, and if and to the extent any Conduit Lender does not make any such requested Loan or if any Group does not include a Conduit Lender, the RelatedCommittedLender(s)forsuchConduitLenderortheCommittedLenderforsuchGroup, as the case may be, shall, ratably in accordance with its respective Commitments, severally and not jointly, make such Loans to theBorrower, in either case, from time to time duringthe period from the Closing Date to the Termination Date.Under no circumstances shall any Lender be obligated to make any such Loan if, after giving effect to such Loan:

(i)theAggregateCapitalwouldexceedtheFacilityLimitatsuch

time;

(ii)thesumof(A)theCapitalofsuchLender,plus(B)theaggregate

outstandingCapitalofeachotherLenderinitsGroup,wouldexceedtheGroup Commitment of such Lender’s Group;

(iii)if such Lender is a Committed Lender, the aggregate outstanding Capital of such Committed Lender would exceed its Commitment; or

(iv)theAggregateCapitalwouldexceedtheBorrowingBaseatsuch

time.

SECTION2.02.MakingLoans;RepaymentofLoans.

(a)Each Loan hereunder shall be made on at least one (1) Business Day’s prior written request from the Borrower to the Administrative Agent and each Group Agent in the form of a Loan Request attached hereto as Exhibit A.Each such request for a Loan shall be made no later than 2:00 p.m. (New York City time) on a Business Day (itbeingunderstoodthat any such request made after such time shall be deemed to have been made on the following Business Day) and shall specify(i) the amount of the Loan(s) requested (which shall not be less than$1,000,000andshallbeanintegralmultipleof$100,000),(ii)theallocationofsuchamount amongtheGroups(whichshallberatablebasedontheGroupCommitments),(iii)theaccountto which the proceeds of such Loan shall be distributed and (iv) the date such requested Loan is to be made (which shall be a Business Day).

On the date of each Loan specified in the applicable Loan Request, the Lenders shall, upon satisfaction of the applicable conditions set forth in Article Vand pursuant to the other conditions set forth in this Article II, make available to the Borrower in same day funds an aggregate amount equal tothe amountofsuch Loansrequested,attheaccountsetforth in the related Loan Request.

(b)EachCommittedLender’sobligationshallbeseveral,suchthatthefailure of any Committed Lender to make available to the Borrower any funds in connection with any Loan shall not relieve any other Committed Lender of its obligation, if any, hereunder to make funds available on the date such Loans are requested (itbeingunderstood, that no Committed Lender shall be responsible for the failure of any other Committed Lender to make funds available to the Borrower in connection with any Loan hereunder).

(c)TheBorrowershallrepayinfulltheoutstandingCapitalofeachLenderon the Final Maturity Date.Prior thereto, the Borrower shall, on each Settlement Date, make a prepayment of the outstanding Capital of the Lenders to the extent required under Section3.01(a)and otherwise in accordance therewith. Notwithstanding the foregoing, the Borrower, in its sole discretion, shall have the right to make a prepayment, in whole or in part, of the outstanding Capital of the Lenders on any Business Day upon one (1) Business Day’s prior written notice thereof to the Administrative Agent and each Group Agent in the form of a ReductionNoticeattachedheretoasExhibitB;provided,however,that(i)eachsuchprepayment shallbeinaminimumaggregateamountof$500,000andshallbeanintegralmultipleof

$100,000; provided, howeverthat notwithstanding the foregoing, a prepayment may be in an amount necessary to reduce any Borrowing Base Deficit existing at such time to zero, and (ii) anyaccruedInterestandFeesinrespectofsuchprepaidCapitalshallbepaidontheimmediately following Settlement Date.

(d)TheBorrowermay,atanytimeuponatleastten(10)BusinessDays’prior writtennoticetotheAdministrativeAgentandeachGroupAgent,terminatetheFacilityLimitin whole or ratably reduce the Facility Limit in part.Each partial reduction in the Facility Limit shall be in a minimum aggregate amount of $1,000,000 or integral multiples of $100,000 in excessthereof,andnosuchpartialreductionshallreducetheFacilityLimitforanyFiscalMonth to an amount less than $30,000,000.In connection with any partial reduction in the Facility Limit pursuant to this clause (e), the Commitment of each Committed Lender for each Fiscal Month shall be ratably reduced.

(e)In connection with anyreduction of theCommitments, theBorrowershall remit to the Administrative Agent (i) instructions regarding such reduction and (ii) for payment to the Lenders, cash in an amount sufficient to pay (A) Capital of Lenders in each Group in excess of the Group Commitment of such Group and (B) all other outstanding Borrower Obligations with respect to such reduction (determined based on the ratio of the reduction of the CommitmentsbeingeffectedtotheamountoftheCommitmentspriortosuchreductionor,ifthe Administrative Agent reasonably determines that any portion of the outstanding Borrower Obligations is allocable solely to that portion of the Commitments being reduced or has arisen solely as a result of such reduction, all of such portion) including, without duplication, any associated Breakage Fees.Upon receipt of any such amounts, the Administrative Agent shall applysuch amounts first to thereduction of theAggregateCapital,andsecond to thepayment of the remaining outstanding Borrower Obligations with respect to such reduction, including any Breakage Fees, by paying such amounts to the Lenders.

Provided that no Event of Default or Unmatured Event of Default has occurredandiscontinuing,theBorrowermayfromtimetotimeadvisetheAdministrativeAgent and each Group Agent in writing of its desire to extend the Scheduled Termination Date for an

additional364 dayperiod, provided thatsuch requestis made not morethan onehundredtwenty

(120) days prior to, and not less than sixty (60) days prior to, the then current Scheduled Termination Date (or such smaller number of days as may be approved by the Administrative Agent in its sole discretion).The Administrative Agent and each Committed Lender (or its Group Agent on its behalf) shall notify the Borrower and the Administrative Agent in writing whether or not such Person is agreeable to such extension (itbeingunderstoodthat the Administrative Agent and the Committed Lenders may accept or decline such a request in their sole discretion and on such terms as they may elect) not less than thirty (30) days (or at such smaller number of days as may be approved by the Administrative Agent in its sole discretion) prior to the then current Scheduled Termination Date; provided, however, that if the Administrative Agent or any Committed Lender fails to so notify the Borrower and the Administrative Agent, the Administrative Agent orsuchCommitted Lender,as thecasemaybe, shallbedeemedtohavedeclinedsuchextension.IntheeventthattheAdministrativeAgentand one or more Committed Lenders have so notified the Borrower andthe Administrative Agent in writing that theyare agreeable to such extension,the Borrower,theServicer,the Administrative Agent, the applicable Group Agents andthe applicableCommitted Lendersshall enterintosuch documents as the Administrative Agent, the applicable Group Agents and the applicable Committed Lenders may deem necessary or appropriate to effect such extension, and all reasonable out-of-pocket costs and expenses incurred by the Administrative Agent, the applicable Group Agents and the applicable Committed Lenders in connection therewith (including Attorney Costs) shall be paid by the Borrower.In the event any Committed Lender declines such request to extend the Scheduled Termination Date or is deemed to have declined suchextension,suchCommitted Lender’sGroupshall bean “ExitingGroup”forallpurposesof this Agreement.

Provided that no Event of Default, Unmatured Event of Default, Termination Event or Unmatured Termination Event has occurred and is continuing, the Borrower may advise the Administrative Agent and each Group Agent in writing of its desire to modify the Commitment of each Committed Lender for one or more Fiscal Months and the desired effective date thereof (such desired date, the "Seasonal Limit Change Date") by delivering a Seasonal Commitment Change Request in the form attached hereto as Exhibit Kto such Persons, providedthat (i) such request is delivered not less than ten (10) Business Days prior to the requested Seasonal Limit Change Date, (ii) the requested aggregate change in Commitments for any Fiscal Month is allocated ratably among the Committed Lenders, (iii) the aggregate Commitments for the Lenders for any Period does not (x) exceed $75,000,000 or (y) fall below $30,000,000 and (iv) no more than two Seasonal Commitment Change Requests are delivered during any calendar year.In the event that one or more Committed Lenders are agreeable to such modification, each applicable Group Agent and each applicable Committed Lender shall countersign such Seasonal Commitment Change Request, and so long as the Administrative Agent has received such countersigned signature pages from at least one Committed Lender, the Commitment of each applicable Committed Lender that has returned a countersigned signature page shall be modified for each applicable Fiscal Month to the amount set forth in such Seasonal Commitment Change Request effective upon the Seasonal Limit ChangeDate;provided,

however,thatifanyCommittedLenderfailstosoreturnacountersigned signature page within ten (10) Business Days of receipt of such request, then such Committed Lender shall be deemed to have declined such modification.On the Seasonal Limit Change Date, pursuant to notification provided bythe Administrative Agent to the Lenders, the Lenders

shall rebalance Capital among the Lenders such that after giving effect thereto, the AggregateCapital is distributed ratably among the Groups based on each Group's Group Commitment.

SECTION2.03.InterestandFees.

(a)OneachSettlementDate,theBorrowershall,inaccordancewiththeterms and priorities for payment set forth in Section 3.01, pay to each Group Agent, each Lender and theAdministrativeAgentcertainfees(collectively,the“Fees”)intheamountssetforthinthefee letter agreements from time to time entered into, among the Borrower, the members of the applicable Group (or their Group Agent on their behalf) and/or the Administrative Agent (such fee letter agreements, each as amended, restated, supplemented or otherwise modified from time to time, collectively being referred to herein as the “Fee Letter”).

(b)Each Loan of each Lender and the Capital thereof shall accrue interest on each day when such Capital remains outstanding at the then applicable Interest Rate for such Loan.The Borrower shall payall Interest, Fees and BreakageFees accruedduringeachInterest Period oneachSettlementDateinaccordancewiththetermsandprioritiesforpaymentsetforth in Section 3.01.

SECTION2.04.Records of Loans.Each Group Agent shall record in its records, the dateand amount ofeach Loan made bythe Lenders in its Grouphereunder, theinterestratewith respectthereto,theInterestaccruedthereonandeachrepaymentandpaymentthereof.Subjectto Section13.03(c),suchrecordsshallbeconclusiveandbindingabsentmanifesterror.Thefailure to so record any such information or any error in so recording any such information shall not, however, limit or otherwise affect the obligations of the Borrower hereunder or under the other Transaction Documents to repay the Capital of each Lender, together with all Interest accruing thereon and all other Borrower Obligations.

ARTICLE III

SETTLEMENTPROCEDURESANDPAYMENTPROVISIONS

SECTION3.01.SettlementProcedures.

Collections.The Servicer shall set aside and hold in trust as property of the Borrower for the benefit of the Secured Parties (or, if so requested by the Administrative Agent,segregateinaseparateaccountdesignatedbytheAdministrativeAgent,whichshallbean account maintained and controlled bythe Administrative Agent unless the Administrative Agent otherwise instructs in its sole discretion), for application in accordance with the priority of payments set forth below, all Collections on Pool Receivables that are received by the Servicer or the Borrower or received in anyLock-Box orCollection Account; provided, however, that so long as each of the conditions precedent set forth in Section 5.03are satisfied with respect thereto,theServicermayreleasetothe

Borrower(foritsownaccount)fromsuchCollectionsthe amount it determines in its sole discretion (each such release, a “Release”).On each Settlement Date, the Servicer (or, following its assumption of control of the Collection Accounts, the Administrative Agent) shall, distribute such Collections in the following order of priority:

(i)first, totheServicer forthepayment oftheaccruedServicingFees payable for the immediatelypreceding Interest Period (plus, if applicable, the amount of Servicing Fees payable for any prior Interest Period to the extent such amount has not been distributed to the Servicer);

(ii)second, to each Lender and other Credit Party (ratably, based on theamountthendueandowing),allaccruedandunpaidInterest,FeesandBreakageFees due to such Lender and other Credit Party for the immediately preceding Interest Period (including any additional amounts or indemnified amounts payable under Sections 4.03and 12.01in respect of such payments), plus, if applicable, the amount of any such Interest, Fees and Breakage Fees (including any additional amounts or indemnified amountspayableunder Sections4.03and 12.01in respectofsuchpayments)payablefor any prior Interest Period to the extent such amount has not been distributed to such Lender or Credit Party;

(iii)third,assetforthinclauses(x),(y)and/or(z)below,asapplicable:

(x)prior to the occurrence of the Termination Date, to the extent that a Borrowing Base Deficit exists on such date: to the Lenders (ratably, based on the aggregate outstanding Capital of each Lender at such time) for the payment of a portion of the outstanding Aggregate Capital at such time, in an aggregate amount equal to the amount necessary to reduce the Borrowing Base Deficit to zero ($0);

(y)on and after the occurrence of the Termination Date, to each Lender (ratably, based on the aggregate outstanding Capital of each Lender at such time) for the payment in full of the aggregate outstanding Capital of such Lender at such time; and

(z)prior to the occurrence of the Termination Date, at the election of the Borrower and in accordance with Section 2.02(d), to the Lenders in payment of all or anyportion of the Aggregate Capital at such time (ratably, based on the aggregate outstanding Capital of each Lender at such time);

(iv)fourth,totheCreditParties,theAffectedPersonsandtheBorrower Indemnified Parties (ratably, based on the amount due and owing at such time), for the payment of all other Borrower Obligations then due and owing by the Borrower to the Credit Parties, the Affected Persons and the Borrower Indemnified Parties; and

(v)fifth,thebalance,ifany,tobepaidtotheBorrowerforitsown

account.

All payments or distributions to be made by the Servicer, the Borrower and any other Person to the Lenders (or their respective related Affected Persons and the Borrower Indemnified Parties) hereunder shall be paid or distributed to therelated Group Agent at its Group Agent’s Account.Each Group Agent, upon its receipt in the applicable Group Agent’sAccountofanysuchpaymentsordistributions,shalldistributesuchamountstothe

applicable Lenders, Affected Persons and the Borrower Indemnified Parties within its Group ratably;providedthatifsuchGroupAgentshallhavereceivedinsufficientfundstopayallofthe above amounts in full on any such date, such Group Agent shall pay such amounts to the applicable Lenders, Affected Persons and the Borrower Indemnified Parties within its Group in accordance with the priority of payments forth above, and with respect to any such category above for which there are insufficient funds to pay all amounts owing on such date, ratably (based on the amounts in such categories owing to each such Person in such Group) among all such Persons in such Group entitled to payment thereof.

(a)If and to the extent the Administrative Agent, any Credit Party, any Affected Person or anyBorrower Indemnified Partyshall be required for anyreason to payover to anyPerson (including anyObligor or anytrustee, receiver, custodian orsimilarofficial inany insolvency proceeding) any amount received on its behalf hereunder, such amount shall be deemed not to have been so received but rather to have been retained by the Borrower and, accordingly, the Administrative Agent, such Credit Party, such Affected Person or such Borrower Indemnified Party, as the case may be, shall have a claim against the Borrower for such amount.

(b)ForthepurposesofthisSection3.01:

(i)if on any day the Unpaid Balance of any Pool Receivable is (A) reduced as a result of any defective or rejected goods or services, any discount, dispute, refunds, netting, rebates or any adjustment or otherwise by any Traeger Party or any Affiliate thereof (other than cash Collections on account of the Receivables) or (B) reduced or canceled as a result of a setoff in respect of anyclaim byanyPerson (whether such claim arises out of the same or a related transaction or an unrelated transaction) or any netting by any Person (any such reduction or adjustment, a “Reduction”), the Borrower shall be deemed to have received on such day a Collection of such Pool Receivable in the amount of such reduction or adjustment and shall within two (2) Business Days pay to a Collection Account (or as otherwise directed by the Administrative Agent at such time) for the benefit of the Credit Parties for application pursuant to Section 3.01(a), an amount equal to (x) if such Reduction occurs prior to the TerminationDateandnoEventofDefaulthasoccurredandiscontinuing,thelesserof(I) the sum of all deemed Collections with respect to such Reduction and (II) an amount necessarytoeliminate anyBorrowingBaseDeficitthatexistsatsuchtimeand(y)ifsuch Reduction occurs on or after the Termination Date or at any time when an Event of Default has occurred and is continuing, the sum of all Deemed Collections with respectto such Reduction;

if (A) any of the representations or warranties in Section 6.01is nottruewithrespecttoanyPoolReceivableatthetimemadeordeemedmadeor(B)any Receivable included in any Monthly Report or Interim Report as an Eligible Receivable orinanycalculationofNetReceivablePoolBalanceasanEligibleReceivablefailstobe an Eligible Receivable at the time of such inclusion, the Borrower shall be deemed to have received on such day a Collection of such Pool Receivable in full and shall within two (2) Business Days pay to a Collection Account (or as otherwise directed by the AdministrativeAgentatsuchtime)forthebenefitoftheCreditPartiesforapplication

pursuant to Section 3.01(a), an amount equal to (x) if such breach occurs prior to the TerminationDateandnoEventofDefaulthasoccurredandiscontinuing,thelesserof(I) the sum of all deemed Collections with respect to such breach and (II) an amount necessarytoeliminate anyBorrowingBaseDeficitthatexistsatsuchtimeand(y)ifsuch breach occurs on or after the Termination Date or at any time when an Event of Default has occurred and is continuing, the sum of all Deemed Collections with respect to such breach (Collections deemed to have been received pursuant to Sections 3.01(d)(i)and 3.01(d)(ii)are hereinafter sometimes referred to as “Deemed Collections”);

(ii)exceptasprovidedinclauses(i)or(ii)aboveorotherwiserequired by Applicable Law or the relevant Contract, all Collections received from an Obligor of anyReceivableshallbeappliedtotheReceivablesofsuchObligorintheorderoftheage of such Receivables, starting with the oldest such Receivable, unless such Obligor designates in writing its payment for application to specific Receivables; and

(iii)ifandtotheextenttheAdministrativeAgent,anyCreditParty,any Affected Person or any Borrower Indemnified Party shall be required for any reason to pay over to an Obligor (or any trustee, receiver, custodian or similar official in any insolvency proceeding) any amount received by it hereunder, such amount shall be deemed not to have been so received by such Person but rather to have been retained by the Borrower and, accordingly, such Person shall have a claim against the Borrower for such amount, payable when and to the extent that any distribution from or on behalf of such Obligor is made in respect thereof.

SECTION3.02.Payments and Computations, Etc.(a) All amounts to be paid by the Borrower or the Servicer to the Administrative Agent, anyCredit Party, anyAffected Person or any Borrower Indemnified Party hereunder shall be paid no later than noon (New York City time) on the daywhen due in same dayfunds to the applicable Group Agent’s Account.

(b)Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annumabove the Base Rate, payable on demand.

(c)All computations of interest under subsection (b)above and all computations of Interest, Fees andother amountshereundershall bemade on thebasis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number ofdays (includingthe first but excludingthelastday) elapsed.Whenever any payment or deposit to be made hereunder shall be due on a day other than a

Business Day, such payment or deposit shall be made on the next succeeding Business Dayandsuchextensionoftimeshallbeincludedinthecomputationofsuchpaymentordeposit.

ARTICLE IV

INCREASEDCOSTS;FUNDINGLOSSES;TAXES;ILLEGALITYANDSECURITY INTEREST

SECTION4.01.IncreasedCosts.

(a)IncreasedCostsGenerally.IfanyChangeinLawshall:

(i)impose, modify or deem applicable any reserve, special deposit, liquidity, compulsory loan, insurance charge or similar requirement against assets of, deposits with or forthe accountof, or credit extended orparticipated in by, anyAffected Person;

(ii)subject any Affected Person to any Taxes (except to the extent suchTaxesare(A)IndemnifiedTaxesforwhichreliefisprovidedunderSection4.03,

(B) Taxesdescribed in clauses (b)through (d)ofthedefinitionofExcludedTaxesor(C) Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes) on its loans, loan principal, letters of credit, commitments or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or

(iii)impose on any Affected Person any other condition, cost or expense (other than Taxes) (A) affecting the Collateral, this Agreement, any other Transaction Document, any Program Support Agreement, any Loan or any participation therein or (B) affecting its obligations or rights to make Loans;

and the result of anyof theforegoingshall be to increase the cost to such Affected Person of(A) acting as the Administrative Agent, a Group Agent or a Lender hereunder or as a Program Support Provider with respect to the transactions contemplated hereby, (B) funding or maintaining any Loan or (C) maintaining its obligation to fund or maintain any Loan, or to reduce the amount of any sum received or receivable by such Affected Person hereunder, then, upon request of such Affected Person (or its Group Agent), the Borrower shall pay to such AffectedPersonsuchadditionalamountoramountsaswillcompensatesuchAffectedPersonfor such additional costs incurred or reduction suffered.

Capital and Liquidity Requirements.If any Affected Person determines that any Change in Law affecting such Affected Person or any lending office of such Affected Person or such Affected Person’s holding company, if any, regarding capital or liquidity requirements, has or would havethe effect of (x)increasingthe amount of capital required to be maintained bysuch Affected Person or Affected Person’s holdingcompany, if any, (y) reducing the rate of return on such Affected Person’s capital or on the capital of such Affected Person’s holding company, if any, or (z) causing an internal capital or liquidity charge or other imputed cost to be assessed upon such Affected Person or Affected Person’s holdingcompany,if any,in each case, as a consequence of (A)

this Agreement or anyother Transaction Document, (B) the commitments of such Affected Person hereunder or under any other Transaction Document or related Program Support Agreement, (C) the Loans made by such Affected Person or (D) any Capital, to a level below that which such Affected Person or such Affected Person’s holding company could have achieved but for such Change in Law (taking into consideration such Affected Person’s policies and the policies of such Affected Person’s holding company with respect to capital adequacyandliquidity), then from time to time,uponrequest ofsuchAffected Person(oritsGroupAgent),theBorrowershallpaytosuchAffectedPersonsuchadditional

amount or amounts as will compensate such Affected Person or such Affected Person’s holding company for any such increase, reduction or charge.

(b)Adoption of Changes in Law.The Borrower acknowledges that any Affected Person may institute measures in anticipation of a Change in Law (including, without limitation, the imposition of internal charges on such Affected Person’s interests or obligations under any Transaction Document or Program Support Agreement), and may commence allocating charges to or seeking compensation from the Borrower under this Section 4.01in connection with such measures, in advance of the effectivedate of such Change in Law, and the Borrower agrees to pay such charges or compensation to such Affected Person, following demand therefor in accordance with the terms of this Section 4.01, without regard to whether such effective date has occurred.

(c)CertificatesforReimbursement.AcertificateofanAffectedPerson(orits Group Agent on its behalf) setting forth the amount or amounts necessary to compensate such Affected Person or its holding company, as the case maybe, as specified in clause (a), (b)or (c)of this Section and delivered to the Borrower, shall be conclusive absent manifest error.The Borrower shall, subject to the priorities of payment set forth in Section 3.01, pay such Affected Person the amount shown as due on any such certificate on the first Settlement Date occurring after the Borrower’s receipt of such certificate.

(d)Delayin Requests.Failure or delayon the part of anyAffected Personto demand compensation pursuant to this Section shall not constitute a waiver of such Affected Person’s right to demand such compensation.

SECTION4.02.FundingLosses.

(a)TheBorrowerwillpayeachLenderallBreakageFees.

(b)A certificate of a Lender (or its Group Agent on its behalf) setting forth the amount or amounts necessary to compensate such Lender, as specified in clause (a)above and delivered to the Borrower, shall be conclusive absent manifest error.The Borrower shall, subject to thepriorities ofpayment set forth in Section 3.01, paysuch Lendertheamountshown as due on anysuch certificate on the firstSettlement Dateoccurring after the Borrower’s receipt of such certificate.

SECTION4.03.Taxes.

Payments Free of Taxes.Any and all payments by or on account of any obligation oftheBorrowerunderanyTransactionDocumentshall bemadewithoutdeduction or withholding for any Taxes, except as required by Applicable Law.If any Applicable Law (as determined in the good faith discretion of the Borrower, Servicer, Administrative Agent or Group Agent) requires the deduction or withholding of any Tax from any such payment to an Affected Person, then the Borrower, Servicer, Administrative Agent or Group Agent shall be entitled to make such deduction or withholding and shall timelypaythefull amount deducted or withheld to the relevant Governmental Authority in accordance with Applicable Law, and, if such Tax is an Indemnified Tax, then the sum payable by the Borrower shall be increased as necessaryso that after such deduction or withholdinghas been made (includingsuch deductions

and withholdings applicable to additional sums payable under this Section), the applicable Affected Person receives an amount equal to the sum it would have received had no such deduction or withholding been made.

(a)Payment of Other Taxes bythe Borrower.The Borrowershalltimelypay to the relevant Governmental Authority in accordance with Applicable Law, or, at the option of the Administrative Agent, timely reimburse the Administrative Agent (or, as applicable, the applicable Affected Person) for the payment of, any Other Taxes.

(b)Indemnification by the Borrower.The Borrower shall indemnify each Affected Person, within ten days after demand therefor, for the full amount of any (I) Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section) payable or paid by such Affected Person or required to be withheld or deducted from a payment to such Affected Person and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctlyorlegallyimposed or asserted bytherelevantGovernmentalAuthorityand

(II) Taxes that arise because a Loan is not treated consistentlywith theIntended Tax Treatment, exceptasotherwiserequiredbyApplicableLaw.Acertificateastotheamountofsuchpayment or liability delivered to the Borrower by an Affected Person (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of an Affected Person, shall be conclusive absent manifest error.

(c)Indemnification by the Lenders.Each Lender (other than the Conduit Lenders) shall severally indemnify the Administrative Agent, within ten days after demand therefor,for(i)anyIndemnifiedTaxesattributabletosuchLender,itsRelatedConduitLenderor any of their respective Affiliates that are Affected Persons (but only to the extent that the Borrower and its Affiliates have not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting any obligation of the Borrower, the Servicer or its Affiliates to do so), (ii) anyTaxes attributable to the failure of such Lender, its Related Conduit Lender or any of their respective Affiliates that are Affected Persons to comply with Section13.03(f)relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, its Related Conduit Lender or any of their respective Affiliates that are Affected Persons, in each case, that are payable or paid by the Administrative Agent in connection with any Transaction Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctlyorlegallyimposed or asserted by

therelevantGovernmentalAuthority.Acertificateastotheamountofsuchpaymentorliability delivered to any Lender (or its Group Agent) by the Administrative Agent shall be conclusive absent manifest error.Each Lender (other than the Conduit Lenders) hereby authorizes the AdministrativeAgenttosetoffandapplyanyandallamountsatanytimeowingtosuchLender, its Related Conduit Lender or any of their respective Affiliates that are Affected Persons under anyTransactionDocumentorotherwisepayablebytheAdministrativeAgenttosuchLender,its Related Conduit Lender or any of their respective Affiliates that are Affected Persons from any other source against anyamount due to the Administrative Agent under this clause (d).

EvidenceofPayments.AssoonaspracticableafteranypaymentofTaxes by the Borrower to a Governmental Authority pursuant to this Section 4.03, the Borrower shall delivertotheAdministrativeAgenttheoriginaloracertifiedcopy ofareceiptissuedby such

Governmental Authorityevidencing such payment, a copyof the return reporting such payment or other evidence of such payment reasonablysatisfactoryto the Administrative Agent.

(d)Status ofLenders.(i)AnyLenderthatisentitledtoanexemptionfromor reduction of withholding Tax with respect to payments made under any Transaction Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentationreasonablyrequested bytheBorrowerortheAdministrativeAgent as willpermit such payments to be made without withholding or at a reduced rateof withholding.In addition, any Lender, 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 is subject to backup withholding or information reporting requirements.Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Sections 4.03(f)(ii)(A), 4.03(f)(ii)(B)and 4.03(g)) shall not be required if, in the Lender’s reasonable judgment, such completion, execution or submission would subject such Affected Person to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.

(ii)Withoutlimitingthegeneralityoftheforegoing:

(A)any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or about the date on which such Lender becomes a Lender under this Agreement, and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent, executed originals of Internal Revenue Service FormW-9certifyingthatsuchLenderisexemptfromU.S.federalbackup withholding tax;

(B)anyLenderthat is not aU.S. Person shall, to theextent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested bythe recipient) on or about the date on which such Lender becomes a Lender under this agreement,andfromtimetotimethereafteruponthereasonablerequestof

the Borrower or the Administrative Agent, whichever of the following is applicable:

inthecaseofsuchaLenderclaimingthebenefitsof an income tax treatyto which the United States is a party, (x) with respect to payments of interest under any Transaction Document, executed originals of Internal Revenue Service Form W-8BEN or Internal Revenue Service Form W-8BEN-E, as applicable, establishing an exemption from, or reduction of, U.S. federal withholdingTaxpursuanttothe“interest”articleofsuchtaxtreaty and (y) with respect to any other applicable payments under any Transaction Document, Internal Revenue Service Form W-8BEN

or Internal Revenue Service Form W-8BEN-E, as applicable, establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty;

(1)executed originals of Internal Revenue Service Form W-8ECI;

(2)inthecaseofsuchaLenderclaimingthebenefitsof the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate, in form and substance reasonably acceptable to the Borrower, to the effect that such Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed originals of Internal Revenue Service Form W-8BEN or Internal Revenue Service Form W-8BEN-E, as applicable; or

(3)to the extent such Lender is not the beneficial owner,executedoriginalsofInternalRevenueServiceFormW-8IMY,accompaniedbyInternalRevenueServiceForm W-8ECI, Internal Revenue Service Form W-8BEN or Internal Revenue Service Form W-8BEN-E, as applicable, a U.S. Tax Compliance Certificate, Internal Revenue Service Form W-9, and/or other certification documents from each beneficial owner, as applicable; providedthat, if such Lender is a partnership and oneormoredirectorindirectpartnersofsuchLenderareclaiming the portfolio interest exemption, such Lender may provide a U.S. Tax Compliance Certificate on behalf of each such direct and indirect partner; and

(C)anyLenderthat is not aU.S. Person shall, to theextent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested bythe recipient) on or about the date on which such Lender becomes a Lender under this

agreement,andfromtimetotimethereafteruponthereasonablerequestof the Borrower or the Administrative Agent, executed originals of anyother form prescribed by Applicable Law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementarydocumentation as maybe prescribed by Applicable Law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made.

DocumentationRequiredbyFATCAandotherreportingregimes.

(i)Subject to Section 4.03(g)(iii)below,eachLendershall, withinten Business Days of a reasonable request by the Borrower: (a) confirm whether it is: (A) entitledtoreceivepaymentsundertheTransactionDocumentsfreefromanydeductionor withholding required by FATCA (including anydeduction or withholding resulting from thefailuretocomplywiththeapplicableFATCAreportingrequirements,includingthose contained inSection1471(b)or1472(b)oftheCode)(a“FATCAExemptParty”);or(B) not a FATCA Exempt Party; (b) supply to the Borrower such forms, documentation and otherinformationrelatingtoitsstatusunderFATCAasprescribedunderApplicableLaw (includingasprescribedbySection1471(b)(3)(C)(i)oftheCode)orreasonablyrequested bythe Borrower for the purposes of complying with FATCA or determining the amount, if any, to deduct and withhold from a payment made under the Transaction Documents; and (c) supply such forms, documentation and other information relating to its status as reasonably requested for the purposes of the Borrower’s compliance with any other law, regulation, or exchange of information regime relating to FATCA.

(ii)IfaLenderconfirmspursuanttoSection4.03(g)(i)(a)abovethatit is a FATCA ExemptPartyand itsubsequentlybecomesawarethat it is not orhasceased to be a FATCA Exempt Party, it shall promptly notify the Borrower.

(iii)If a Lender fails to confirm whether or not it is a FATCA Exempt Party or to supply forms, documentation or other information requested in accordance with Section 4.03(g)(i)(a)or (b)above, then it shall be treated for the purposes of the TransactionDocuments(andpaymentsunderthem)asifitisnotaFATCAExemptParty until such time as it provides the requested confirmation, forms, documentation or other information.

TreatmentofCertainRefunds.    IfaLenderdetermines,initssole discretion exercised in good faith, that it has received a refund of any Taxes as to which it hasbeenindemnifiedbytheBorrowerpursuanttothisSection(includingbythepaymentofadditionalamountspursuanttothisSection),itshallpay totheBorroweranamountequalto such refund (but only to the extent of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of theBorrowerandwithoutinterest(otherthanany interestpaidby the relevant Governmental Authority with respect to such refund).The Borrower, upon the request of such Lender, shallrepay the amount paid over pursuant to this paragraph (h) (plus any penalties, interest or otherchargesimposedbytherelevantGovernmentalAuthority)intheeventthattheLenderisrequired to repaysuch refund to such

Governmental Authority.Notwithstandinganything to the contrary in this paragraph (h), in no event will the Lender be required to payanyamount to the Borrower pursuant to this paragraph (h) the payment of which would place the Lender in a less favorable net after-Tax position than the Lender would have been in if the Tax subject to indemnification andgivingrisetosuchrefundhadnotbeendeducted, withheldor otherwise imposedandthe indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to require the Lender to make available its Tax returns (or anyotherinformationrelatingtoitsTaxesthatitdeemsconfidential)totheBorrowerorany other Person.

(e)Survival.Each party’s obligations under this Section 4.03shall survive theresignationorreplacementoftheAdministrativeAgentoranyassignmentofrightsby,orthe replacementof,aCreditPartyoranyotherAffectedPerson,theterminationoftheCommitments and the repayment, satisfaction or discharge of all the Borrower Obligations and the Servicer’s obligations hereunder.

(f)Updates.Each Affected Person agrees that if any form or certification it previously delivered pursuant to this Section 4.03expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so.

SECTION4.04.InabilitytoDetermineRates;ChangesinLegality.

(a)Subject to Section 4.06, if, on or prior to the first day of any Interest Period for any SOFR Loan:

(i)theAdministrativeAgentdetermines(whichdeterminationshallbe conclusive and binding absent manifest error) that “Term SOFR” or “Daily Simple SOFR”, as applicable, cannot be determined pursuant to the definition thereof; or

(ii)the Majority Group Agents determine that for any reason in connection with any request for a SOFR Loan or a conversion thereto or a continuation thereof that TermSOFR or DailySimpleSOFR, as applicable, for anyrequested Interest Period with respect to a proposed SOFR Loan does not adequately and fairly reflect the cost to the applicable Lenders of making or maintaining such Loan, and the Majority Group Agents have provided notice of such determination to the Administrative Agent;

theAdministrativeAgentwillpromptlysonotifytheBorrowerandeachLender.

Upon notice thereof by the Administrative Agent to the Borrower, any obligation of the LenderstomakeSOFRLoans,andanyrightoftheBorrowertocontinueSOFRLoansor to convert Base Rate Loans to SOFR Loans, shall be suspended (to the extent of the affected SOFR Loans or affected Interest Periods) until the Administrative Agent (with respect to clause (ii), at the instruction of the Majority Group Agents) revokes such notice.Upon receipt of such notice, (i) the Borrower may revoke any pending Loan Request for a borrowing of, conversion to or continuation of SOFR Loans (to the extent of the affected SOFR Loans or affected Interest Periods) or, failing that, the Borrower will be deemed to have converted anysuch Loan Request into a request for a Loan of or conversion to Base Rate Loans in the amount specified therein and (ii) any outstanding affectedSOFRLoans

willbedeemedtohavebeenconvertedintoBaseRateLoansatthe endoftheapplicableInterestPeriod.Uponanysuchconversion,theBorrowershallalso pay accrued interest on the amount so converted, together with any additional amounts required pursuant to Section 4.02. Subject to Section 4.06, if the Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that “Term SOFR” or “Daily Simple SOFR”, as applicable, cannot be determined pursuant to the definition thereof on anygiven day, the interest rate on Base Rate Loans

shall be determined by the Administrative Agent without reference to clause (c) of thedefinition of “Base Rate” until the Administrative Agent revokes such determination.

(b)If any Lender determines that any Applicable Law has made it unlawful, orthatanyGovernmentalAuthorityhasassertedthatitisunlawful,foranyLenderorits applicablelendingofficetomake,maintainorfundLoanswhoseinterestisdeterminedby reference to SOFR, the Term SOFR Reference Rate, Term SOFR or Daily Simple SOFR, or to determine or charge interestbased upon DailySimpleSOFR,SOFR, the Term SOFRReference RateorTermSOFR,then,uponnoticethereofbysuchLendertotheBorrower(throughthe Administrative Agent) (an “IllegalityNotice”), (a) anyobligation of the Lenders to make SOFR Loans, and anyright of the Borrower to continue SOFR Loansorto convert BaseRate Loansto SOFRLoans,shallbe suspended, and(b) the interestrate onwhich Base Rate Loansshall,if necessaryto avoid such illegality, be determined bythe Administrative Agent without reference toclause(c)ofthedefinition of“BaseRate”, ineachcaseuntileachaffectedLendernotifiesthe Administrative Agent andthe Borrowerthat the circumstances giving risetosuchdetermination no longer exist.Upon receipt of an Illegality Notice, the Borrower shall, if necessary to avoid suchillegality,upondemandfromanyLender(withacopytotheAdministrativeAgent),prepay or, if applicable, convert all SOFR Loans to Base Rate Loans (the interest rate on which BaseRateLoansshall,ifnecessarytoavoidsuchillegality,bedeterminedbytheAdministrative Agentwithoutreferencetoclause(c)ofthedefinitionof“BaseRate”),onthelastday ofthe Interest Period therefor, if all affected Lenders may lawfully continue to maintain such SOFRLoans to such day, or immediately, if any Lender may not lawfully continue to maintain suchSOFR Loans to such day, in each case until the Administrative Agent is advised in writing byeach affected Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon Daily Simple SOFR, SOFR, the Term SOFR Reference Rate or Term SOFR. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on theamountsoprepaidorconverted,togetherwithanyadditionalamountsrequiredpursuantto Section 4.02.

SECTION4.05.SecurityInterest.

As security for the performance by the Borrower of all the terms, covenants and agreements on the part of the Borrower to be performed under this Agreement or any other Transaction Document, including the punctual payment when due of the Aggregate Capital and all Interestin respectofthe Loans and allother Borrower Obligations,theBorrower undertakes to grant and herebygrants to the Administrative Agent for its benefit and the ratable benefit of the Secured Parties, a continuing security interest in, all of the Borrower’s right, title and interest in, to and under all of the following, whether now or hereafter owned, existing or arising (collectively, the “Collateral”): (i) all Pool Receivables, (ii) all Related Security with respect to such Pool

Receivables, (iii)all Collections withrespect to such Pool Receivables, (iv) the Lock-Boxes and Collection Accounts and all amounts on deposit therein, and all certificates andinstruments,ifany,fromtimetotimeevidencingsuchLock-BoxesandCollectionAccounts andamountsondeposittherein,(v)allrights(butnoneoftheobligations)oftheBorrowerunder the Purchase and Contribution Agreement, (vi) all goods (including inventory, equipment and any accessions thereto), instruments (including promissory notes), documents, accounts, chattel paper (whether tangible or electronic), deposit accounts, securities accounts, securities entitlements,letter-of-creditrights,commercialtortclaims,securities and all other investment

property, supporting obligations, money, any other contract rights or rights to the payment of money, insurance claims and proceeds, and all general intangibles (including all payment intangibles) (each as defined in the UCC), (vii) all other personal and fixture property or assets of the Borrower of every kind and nature and (viii) all proceeds of, and all amounts received or receivable under any or all of, the foregoing.

(d)The Administrative Agent (for the benefit of the Secured Parties) shall have, with respect to all the Collateral, and in addition to all the other rights and remedies available to the Administrative Agent (for the benefit of the Secured Parties), all the rights and remedies of a secured party under any applicable UCC and all other Applicable Law.The Borrower herebyauthorizes the Administrative Agent to file financing statements and anyother applicable filings in any applicable jurisdiction describing as the collateral covered thereby as “allofthedebtor’spersonalpropertyorassets”orwordstothateffect,notwithstandingthatsuch wording maybe broader in scope than the collateral described in this Agreement.

(e)Immediately upon the occurrence of the Final Payout Date, the Collateral shall be automatically released from the lien created hereby, and this Agreement and all obligations (other than those expresslystated to survive such termination) of the Administrative Agent,theLendersandtheotherCreditPartieshereundershallterminate,allwithoutdeliveryof anyinstrumentorperformanceofanyactbyanyparty,andallrightstotheCollateralshallrevert to the Borrower; provided, however, that promptly following written request therefor by the Borrower delivered to the Administrative Agent following any such termination, and at the expense of the Borrower, the Administrative Agent shall execute and deliver to the Borrower UCC-3 termination statements and such other documents as the Borrower shall reasonably request to evidence such termination.

SECTION4.06.BenchmarkReplacementSetting.

(a)Benchmark Replacement.Notwithstanding anything to the contrary herein or in any other Transaction Document, upon the occurrence of a Benchmark Transition Event, the Administrative Agent and the Borrower may amend this Agreement to replace the then-current Benchmark with a Benchmark Replacement.Anysuch amendment with respectto a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from the MajorityGroup Agents.No

replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 4.06(a)will occur prior to the applicable Benchmark Transition Start Date.

Benchmark Replacement Conforming Changes.In connection with the use, administration, adoption or implementation of a Benchmark Replacement, the Administrative Agent will have the right, after consultation with the Borrower, to make Conforming Changes from time to time and, notwithstanding anything to the contraryherein or in any other Transaction Document, any amendments implementing such Conforming Changes willbecome effective without anyfurther action or consent of anyotherpartytothis Agreement or any other Transaction Document.

(b)Notices; Standards for Decisions and Determinations. The Administrative AgentwillpromptlynotifytheBorrowerandtheLendersof(i)theimplementationofany Benchmark Replacement and (ii) the effectiveness of any Conforming Changes in connectionwiththeuse,administration,adoptionorimplementationofaBenchmarkReplacement.The Administrative Agent will notify the Borrower of (x) the removal or reinstatement of any tenorofaBenchmarkpursuanttoclause(d)belowand(y)thecommencementofanyBenchmark UnavailabilityPeriod.        Anydetermination,decisionorelectionthatmaybemadebythe AdministrativeAgentor,ifapplicable,anyLender(orgroupofLenders)pursuanttothisSection4.06, including anydetermination with respect to a tenor, rate or adjustment or of the occurrence ornon-occurrenceofanevent,circumstanceordateandanydecisiontotakeorrefrainfrom taking anyaction or anyselection, will be conclusive and bindingabsent manifest error and may bemadeinitsortheirsolediscretionandwithoutconsentfromanyotherpartytothisAgreement or any other Transaction Document, except, in each case, as expressly required pursuant to this Section 4.06.

(c)Unavailability of Tenor of Benchmark.Notwithstanding anything to the contraryherein or in anyother Transaction Document, at anytime(includingin connection with the implementation of a Benchmark Replacement), (i) if the then-current Benchmark is a term rate (including the Term SOFR Reference Rate) and either (A) anytenor for such Benchmark is not displayed on a screen or other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion or (B) the regulatory supervisor for the administrator of such Benchmark has provided a public statement or publication of information announcing that any tenor for such Benchmark is not or will not be representative,then theAdministrativeAgentmay,afterconsultationwith theBorrower,modify the definition of “Interest Period” (or any similar or analogous definition) for any Benchmark settings at or after such time to remove such unavailable ornon-representativetenor and (ii) if a tenor that was removed pursuant to clause (a)above either (A) is subsequently displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or (B) is not, or is no longer, subject to an announcement that it is not or will not be representative for a Benchmark (including a Benchmark Replacement), then the Administrative Agent may, after consultation with the Borrower, modify the definition of “Interest Period” (or any similar or analogousdefinition)forallBenchmarksettingsatoraftersuchtimetoreinstatesuchpreviously removed tenor.

(d)Benchmark Unavailability Period. Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any

pending request for a SOFR Loan, conversion to or continuation of SOFR Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request into a Loan Request for a borrowingoforconversiontoaBaseRateLoan.DuringaBenchmarkUnavailabilityPeriodorat anytimethatatenorforthethen-currentBenchmarkisnotanAvailableTenor,thecomponentof the Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in anydetermination of the Base Rate.

Rates.TheAdministrativeAgentdoesnotwarrantoracceptresponsibility for, and shall not have any liability with respect to (a) the continuation of, administration of, submissionof,calculationoforanyothermatterrelatedtoBaseRate,theTermSOFRReference

Rate or Term SOFR, or any component definition thereof or rates referred to in the definition thereof, or any alternative, successor or replacement rate thereto (including any Benchmark Replacement), including whether the composition or characteristics of any such alternative, successor or replacement rate (including any Benchmark Replacement) will be similar to, or produce the same value or economic equivalence of, or have the same volume or liquidity as, Base Rate, the Term SOFR Reference Rate, Term SOFR or any other Benchmark prior to its discontinuance or unavailability, or (b) the effect, implementation or composition of any Conforming Changes.The Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation of the Base Rate, the Term SOFR Reference Rate, Term SOFR, any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower.The Administrative Agent may select information sources or services in its reasonable discretion to ascertain Base Rate, the Term SOFR Reference Rate, Term SOFR or any other Benchmark, in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses orexpenses(whetherintort,contractorotherwiseandwhetheratlaworinequity),foranyerror or calculation of anysuch rate (or component thereof) provided byanysuch information source or service.

(e)CertainDefinedTerms.AsusedinthisSection4.06:

“AvailableTenor”means,asofanydateofdeterminationandwithrespecttothe then-current Benchmark, as applicable, (x) if such Benchmark is a term rate, anytenor for such Benchmark (or component thereof) that is or may be used for determining the length of an interest period pursuant to this Agreement or (y) otherwise, any payment period for interest calculated with reference to such Benchmark (or component thereof) that is or may be used for determining any frequency of making payments of interest calculated with reference to such Benchmark pursuant to this Agreement, in each case, as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of “Interest Period” pursuant to clause (d)of this Section 4.06.

“Benchmark” means, initially, the Term SOFR Reference Rate; providedthat if a BenchmarkTransitionEventhasoccurredwithrespecttotheTermSOFRReferenceRateorthe

then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to theextentthatsuchBenchmarkReplacementhasreplacedsuchpriorbenchmarkratepursuantto clause (a)of this Section 4.06.

“Benchmark Replacement” means, with respect to any Benchmark Transition Event, the sum of: (a) the alternate benchmark rate that has been selected bythe Administrative Agent and the Borrower giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Bodyor(ii)anyevolvingorthen-prevailingmarketconventionfordeterminingabenchmarkrate as a replacement to the then-current Benchmark for U.S. Dollar-denominated syndicated credit facilities at such time and (b) the related Benchmark Replacement Adjustment; providedthat, if such Benchmark Replacement as so determined would be less than the Floor, such Benchmark

Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Transaction Documents.

“Benchmark Replacement Adjustment” means, with respect to any replacement of the then-currentBenchmarkwithanUnadjustedBenchmarkReplacement,thespreadadjustment,or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Borrower giving due consideration to (a) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Bodyor (b) anyevolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacementofsuchBenchmarkwiththeapplicableUnadjustedBenchmarkReplacementfor

U.S.Dollar-denominatedsyndicatedcreditfacilitiesatsuchtime.

“BenchmarkReplacement Date” meansthe earliesttooccurofthefollowingeventswith respect to the then-current Benchmark:

(1)in the case of clause (1)or (2)of the definition of “Benchmark Transition Event,” the later of (a) the date of the public statement or publication of information referenced therein and (b)thedateon whichthe administratorofsuch Benchmark (orthepublished component used in the calculationthereof)permanentlyorindefinitelyceases toprovide all Available Tenors of such Benchmark (or such component thereof); or

(2)in thecase of clause(3)of thedefinition of“Benchmark Transition Event”, thefirst date on which such Benchmark (or the published component used in the calculation thereof) hasbeendeterminedandannounced bytheregulatorysupervisorfortheadministratorof such Benchmark (or such component thereof) to be non-representative; provided that suchnon-representativenesswillbedeterminedbyreferencetothemostrecentstatement or publication referenced in such clause (3)and even if any Available Tenor of such Benchmark (or such component thereof) continues to be provided on such date.

For the avoidance of doubt, the “Benchmark Replacement Date” will be deemed to have occurred in the case of clause (1)or (2)with respect to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors of such Benchmark (or the published component used in the calculation thereof).

“Benchmark Transition Event”means the occurrence of one or more of the following events with respect to the then-current Benchmark:

a public statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof), permanently or indefinitely; providedthat, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof);

(1)a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof), the Federal Reserve Board, the Federal Reserve Bank of New York, an insolvencyofficial with jurisdiction over the administrator for such Benchmark (or such component), a resolution authority with jurisdiction over the administrator for such Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark (or such component), which states that the administrator of such Benchmark (or such component) has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely; providedthat, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); or

(2)a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are not, or as of a specified future date will not be, representative.

For the avoidance of doubt, a “Benchmark Transition Event” will be deemed to have occurred withrespecttoanyBenchmarkifapublicstatementorpublicationofinformationsetforthabove has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in the calculation thereof).

“Benchmark TransitionStart Date”means,inthe caseof a Benchmark Transition Event, the earlier of (a) the applicable Benchmark Replacement Date and (b) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the 90thday prior to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such statement or publication).

“Benchmark Unavailability Period” means, the period (if any) (a) beginning at the time that a Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement

has replaced the then-current Benchmark for all purposes hereunder and under any Transaction Document in accordance with this Section 4.06and (b) ending at the time that a Benchmark Replacementhas replaced thethen-current Benchmark for allpurposeshereunder andunderany Transaction Document in accordance with this Section 4.06.

“Relevant Governmental Body” means the Federal Reserve Board or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal Reserve Board or the Federal Reserve Bank of New York, or anysuccessor thereto.

“Unadjusted Benchmark Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

ARTICLE V

CONDITIONSTOEFFECTIVENESSANDCREDITEXTENSIONS

SECTION 5.01.Conditions Precedent to Effectiveness and the Initial Credit Extension. This Agreement shall become effective as of the Closing Date when (a) the Administrative Agent shall have received each of the documents, agreements (in fullyexecuted form),opinions of counsel, lien search results, UCC filings, certificates and other deliverables listed on the closing memorandum attached as Exhibit Hhereto, in each case, in form and substance acceptabletotheAdministrativeAgentand(b)allfeesandexpensespayablebytheBorroweron the Closing Date to the Credit Parties have been paid in full in accordance with the terms of the Transaction Documents.

SECTION5.02.Conditions Precedent to All Credit Extensions.Each Credit Extension hereunder on or after the Closing Date shall be subject to the conditions precedent that:

(a)the Borrower shall have delivered to the Administrative Agent and each Group Agent a Loan Request for such Loan, in accordance with Section 2.02(a);

(b)the Servicer shall have delivered to the Administrative Agent and each Group Agent all MonthlyReports and Interim Reports required to be delivered hereunder;

(c)the conditions precedent to such Credit Extension specified in Section2.01(i)through (iv), shall be satisfied; and

(d)onthedateofsuchCreditExtensionthefollowingstatementsshallbetrue and correct (and upon the occurrence of such Credit Extension, the Borrower and the Servicer shall be deemed to have represented and warranted that such statements are then true and correct):

(i)the representations and warranties of the Borrower and the Servicer contained in Sections 6.01and 6.02are true and correct in all material respects on and as of the date of such Credit Extension, or if such representations and warranties by their terms refer to an earlier date, in which case they shall be true and correct in all material respects on and as of such earlier date;

(ii)no Event of Default or Unmatured Event of Default has occurred and is continuing, and no Event of Default or Unmatured Event of Default would result from such Credit Extension;

(iii)noBorrowingBaseDeficitexistsorwouldexistaftergivingeffect to such Credit Extension; and

theTerminationDatehasnotoccurred.

SECTION5.03.Conditions Precedent to All Releases and Restricted Payments.Each Release or Restricted Payment on or after the Closing Date shall be subject to the conditions precedent that:

(a)after giving effect to such Release or Restricted Payment, the Servicer shall be holding in trust as property of the Borrower for the benefit of the Secured Parties an amount of Collections sufficient to pay the sum of (x) all accrued and unpaid Servicing Fees, Interest, Fees and Breakage Fees, in each case, accrued or to accrue (as reasonablyestimated by theServicer)throughthefirstSettlementDatetooccuraftersuchReleaseorRestrictedPayment and (y)the amount of allotheraccruedandunpaidBorrowerObligations thendueandowingby the Borrower to the Credit Parties through the date of such Release or Restricted Payment;

(b)on the date of such Release the following statements shall be true and correct(andupontheoccurrenceofsuchRelease,theBorrowerandtheServicershallbedeemed to have represented and warranted that such statements are then true and correct):

(i)the representations and warranties of the Borrower and the Servicer contained in Sections 6.01and 6.02are true and correct in all material respects on and as of the date of such Release or Restricted Payment, or if such representations and warranties bytheirterms refer to an earlierdate, in which casetheyshall betrueand correct in all material respects on and as of such earlier date;

(ii)no Event of Default or Unmatured Event of Default has occurred and is continuing, and no Event of Default or Unmatured Event of Default would result from such Release or Restricted Payment;

(iii)noBorrowingBaseDeficitexistsorwouldexistaftergivingeffect to such Release or Restricted Payment; and

(iv)theTerminationDatehasnotoccurred.

ARTICLE VI REPRESENTATIONSANDWARRANTIES

SECTION6.01.    RepresentationsandWarrantiesoftheBorrower.    TheBorrower

represents and warrantstoeachCreditPartyasoftheClosingDate,oneachSettlementDate,on each daythat a Credit Extension occurs and on each date that a Release occurs:

(a)Organization and Good Standing.The Borrower is a limited liability company duly organized and validly existing in good standing under the laws of the State of Delaware and has full power and authority under its Organizational Documents and under the laws of its jurisdiction to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted.

Due Qualification.The Borrower is duly qualified to do business as a limited liability company, is in good standing as a foreign limited liability company and has obtainedallnecessarylicensesandapprovalsinalljurisdictionsinwhichtheconductofits

businessrequiressuchqualification,licensesorapprovals,exceptwherethefailuretodoso would not reasonably be expected to have a Material Adverse Effect.

(b)Power and Authority; Due Authorization.The Borrower (i) has all necessary limited liability company power and authority to (A) execute and deliver this Agreement and the other Transaction Documents to which it is a party, (B) perform its obligationsunderthisAgreementandtheotherTransactionDocumentstowhichitisapartyand

(C) grant a security interest in the Collateral to the Administrative Agent on the terms and subject to the conditions herein provided and (ii) has duly authorized by all necessary limited liability company action such grant and the execution, delivery and performance of, and the consummation of the transactions provided for in, this Agreement and the other Transaction Documents to which it is a party.

(c)Binding Obligations.This Agreement and each of the other Transaction Documents to which the Borrower is a party constitutes legal, valid and binding obligations of theBorrower,enforceableagainsttheBorrowerinaccordancewiththeirrespectiveterms,except

(i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, receivership, moratorium or other similar laws affecting creditors’ rights generally and (ii) as such enforceability may be limited by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

(d)No Conflict or Violation.The execution, delivery and performance of, and the consummation of the transactions contemplated by, this Agreement and the other Transaction Documents to whichthe Borroweris aparty, andthe fulfillment ofthetermshereof andthereof,willnot(i)conflictwith,resultinanybreachofanyofthetermsorprovisionsof,or constitute (with or without notice or lapse of time or both) a default under its Organizational Documents or any indenture, sale agreement, credit agreement, loan agreement, security agreement,mortgage,deed oftrust, orother agreement orinstrument to which the Borroweris a party or by which it or any of its properties is bound, (ii) result in the creation or imposition of any Adverse Claim (other than a Permitted Adverse Claim) upon any of the Collateral pursuant to the terms of any such indenture, credit agreement, loan agreement, security agreement, mortgage, deed of trust, or other agreement or instrument other than this Agreement and the other Transaction Documents or (iii) conflict with or violate any Applicable Law, except, with respect to this clause (iii), to the extent that anysuch conflict, breach, default, AdverseClaim or violation could not reasonablybe expected to have a Material Adverse Effect on the Borrower.

Litigation and OtherProceedings.(i)Thereisnoaction,suit,proceeding or investigation pending or, to the knowledge of the Borrower, threatened, against the Borrower before any Governmental Authority and (ii) the Borrower is not subject to anyorder, judgment, decree, injunction, stipulation or consent order of or with any Governmental Authority that, in thecaseofeitheroftheforegoingclauses(i)and(ii),(A)assertstheinvalidityofthisAgreement or any other Transaction Document, (B) seeks to prevent the grant of a security interest in any Collateral by the Borrower to the Administrative Agent, the ownership or acquisition by the Borrower of any Pool Receivable or other Collateral or the consummation of any of the transactions contemplated bythis Agreement or anyother Transaction Document, (C)seeks any determination or ruling that would materially and adversely affect the performance by the Borrowerofitsobligationsunder,orthevalidityorenforceabilityof,thisAgreementorany

other Transaction Document or (D) individually or in the aggregate for all such actions, suits,proceedingsandinvestigationswouldreasonablybeexpectedtohaveaMaterialAdverseEffect.

(e)Governmental Approvals.Except (i) for the filing of UCC financing statements as contemplated by Section 6.1 to occur on the date hereof and (ii) where the failure to obtain or make such authorization, consent, order, approval or action would not reasonablybe expectedtohaveaMaterialAdverseEffect,allauthorizations,consents,ordersandapprovalsof, orotheractionsby,anyGovernmentalAuthoritythatarerequiredtobeobtainedbytheBorrower in connection with the grant of a security interest in the Collateral to the Administrative Agent hereunder or the due execution, deliveryand performance bythe Borrower of this Agreement or anyotherTransaction Document to which it is apartyand theconsummation bytheBorrowerof the transactions contemplated bythis Agreement and the other Transaction Documents to which it is a partyhave been obtained or made and are in full force and effect.

(f)Margin Regulations.The Borrower is not engaged, principally or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meanings of Regulation U of the Board of Governors of the Federal Reserve System).

(g)Solvency.After giving effect to the transactions contemplated by this Agreement and the other Transaction Documents, the Borrower is Solvent.

(h)Offices; Legal Name.The Borrower’s sole jurisdiction of organization is theState of Delaware and suchjurisdiction has not changed within fourmonthspriorto thedate of this Agreement, it being understood the formation of the Borrower was not such a change.The office and legal name of the Borrower is set forth on Schedule IIIhereto.

(i)Investment Company Act; Volcker Rule.The Borrower (i) is not an “investmentcompany”registeredorrequiredtoberegisteredundertheInvestmentCompanyAct and (ii) is not a “covered fund” under the Volcker Rule.In determiningthat theBorrower is not a “covered fund” under the Volcker Rule, the Borrower relies on, and is entitled to rely on, the exemption from the definition of “investment company” set forth in Section 3(c)(5) of the Investment Company Act.

(j)NoMaterialAdverseEffect.SincethedateofformationoftheBorrower, there has been no Material Adverse Effect with respect to the Borrower.

Accuracy of Information.All Monthly Reports, Interim Reports, Loan Requests, certificates, reports, statements, documents and other information furnished to the Administrative Agent or anyother Credit Partybyor on behalf of the Borrower pursuant to any provision of this Agreement or any other Transaction Document, or in connection with or pursuant to any amendment or modification of, or waiver under, this Agreement or any other Transaction Document, is, at the time the same are so furnished, complete and correct in all material respects on the date the same are furnished to the Administrative Agent or such other Credit Party, and does not contain any material misstatement of fact or omit to state a material fact or any fact necessary to make the statements contained therein, taken as a whole, not misleading.

(k)Anti-CorruptionLaws,Anti-MoneyLaunderingLawsandSanctions. Noneof(a)theTraegerPartiesoranyoftheirrespectiveSubsidiaries,Affiliates,directors, officers, employees, or agents that will act in any capacityin connection with or directlybenefit fromthefacility establishedhereby is a Sanctioned Person, (b) the Traeger Parties nor any oftheirrespectiveSubsidiariesisorganizedorresidentinaSanctionedCountry,and(c)theTraeger Parties has violated, been found in violation of or is under investigation by any GovernmentalAuthority for possible violation of any Anti-Corruption Laws, Anti-Money Laundering Laws or of any Sanctions.

(l)Proceeds.No proceeds received by any Traeger Party or any of their respectiveSubsidiariesorAffiliatesinconnectionwithanyLoanwillbeusedinanymannerthat will violate Anti-Corruption Laws, Anti-Money Laundering Laws or Sanctions.

(m)Policies and Procedures. Policies and procedures have been implemented and maintained by or on behalf of the Borrower that are designed to achieve compliance by the BorroweranditsAffiliates,directors,officers,employeesandagentswithAnti-CorruptionLaws, Anti-Money Laundering Laws and Sanctions, and the Borrower and its Affiliates, officers, employees, directors and agents acting in any capacityin connection with or directlybenefitting from the facility established hereby, are in compliance with Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions.

(n)Beneficial Ownership Rule.As of the Closing Date, the information included in the Certification from Exemption ofBeneficial Owner(s) Information Collection is true and correct in all respects.

(o)Transaction Information.None of the Borrower, any Affiliate of the Borrower or anythird partywith which theBorrower or anyAffiliatethereof has contracted, has delivered, in writing or orally, to any Rating Agency, or monitoring a rating of, any Notes, any TransactionInformationwithoutprovidingsuchTransactionInformationtotheapplicableGroup Agent prior to delivery to such Rating Agency and has not participated in any oral communications with respect to Transaction Information with any Rating Agency without the participation of such Group Agent.

(p)PerfectionRepresentations.

(i)This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Borrower’s right, title and interest in, to and under the Collateral which (A) security interest has been perfected and is enforceableagainst creditors of and purchasers from such Person and(B)willbefreeofallAdverseClaims(otherthanaPermittedAdverseClaim) in such Collateral.

The Receivables constitute “accounts” or “general intangibles” within the meaning of Section 9-102 of the UCC.

(ii)The Borrower owns and has good and marketable title to the Collateral free and clear of any Adverse Claim (other than a Permitted Adverse Claim) of any Person.

(iii)All appropriate financing statements, financing statement amendments and continuation statements have been filed in the proper filing office in the appropriate jurisdictions under Applicable Law and all other requirementsundertheappropriatejurisdictionsunderApplicableLawhavebeen complied with in order to perfect (and continue the perfection of) the sale and contribution of the Receivables and Related Securityfrom each Originator to the Borrower pursuant to the Purchase and Contribution Agreement and the grant by the Borrower of a security interest in the Collateral to the Administrative Agent pursuant to this Agreement.

(iv)Other than the security interest granted to the Administrative Agent pursuant to this Agreement, the Borrower has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Collateral except as permitted by this Agreement and the other Transaction Documents.The Borrower has not authorized the filing of and is not aware of any financing statements filed against the Borrower that include a description of collateralcoveringtheCollateralotherthananyfinancingstatement(i)infavorof the Administrative Agent or (ii) that has been terminated.The Borrower is not aware of anyjudgment lien, ERISA lien or tax lien filings against the Borrower.

(v)Notwithstanding any other provision of this Agreement or any other Transaction Document, the representations contained in this Section6.01(s)shall be continuing and remain in full force and effect until the Final Payout Date.

(q)TheLock-BoxesandCollectionAccounts.

(i)Nature of Collection Accounts.Each Collection Account constitutes a “deposit account” within the meaning of the applicable UCC.

(ii)Ownership.Each Lock-Box and Collection Account is in thename of the Borrower, and the Borrower owns and has good and marketable title to the CollectionAccountsfreeandclearofanyAdverseClaim(otherthanaPermittedAdverse Claim).

PerfectionofCollection Accounts.TheBorrowerhasdeliveredto the Administrative Agent a fully executed Collection Account Control Agreement relating to each Lock-Box and Collection Account, pursuant to which each applicable Collection Account Bank has agreed to comply with the instructions originated by the AdministrativeAgentdirectingthedispositionoffundsinsuchLock-BoxandCollection Account without further consent bythe Borrower, the Servicer or anyotherPerson.The Administrative Agent has “control” (as defined in Section 9-104 of the UCC) over each Collection Account.

(iii)Instructions.NeithertheLock-BoxesnortheCollectionAccounts are in the name of any Person other than the Borrower.Neither the Borrower nor the Servicer have consented to the applicable Collection Account Bank complying with instructions of any Person other than the Borrower, the Servicer and the Administrative Agent.All Obligors have been instructed to make all payments in respect of the Pool Receivables to a Collection Account.

(r)Ordinary Course of Business.Each remittance of Collections by or on behalf of the Borrower to the Credit Parties under this Agreement will have been (i) in payment of a debt incurred by the Borrower in the ordinary course of business or financial affairs of the Borrower and (ii) made in the ordinarycourse of business or financial affairs of the Borrower.

(s)Compliance with Law.The Borrower has complied in all material respects with all Applicable Laws to which it may be subject.

(t)Bulk Sales Act.No transaction contemplated bythis Agreement requires compliancebyit with anybulk sales act or similar law.

(u)EligibleReceivables.EachReceivableincludedasanEligibleReceivable in the calculation of the Net Receivable Pool Balance as ofanydate is an EligibleReceivableas of such date.

(v)Taxes.The Borrower has timely filed all federal and other material Tax returns (federal, state and local) required to be filed by it and paid, or caused to be paid, all federalandothermaterialTaxes,assessmentsandothergovernmentalcharges,ifany,otherthan anyTaxes, assessments andother governmental charges which arebeingcontestedin goodfaith byappropriateproceedings and asto which adequatereserveshavebeenprovidedinaccordance with GAAP.

(w)TaxStatus.TheBorroweris a“disregardedentity”withinthemeaningof

U.S. Treasury Regulation § 301.7701-3 for U.S. federal income tax purposes that is wholly owned bya“UnitedStatesperson”(within themeaningofSection7701(a)(30)oftheCode)and is not subject to withholdingunderSections 1441, 1445, 1446 or1461 of theCode(withrespect to allocations of income or payments or distributions to its beneficial owner).The Borrower is not subject to any Tax in any jurisdiction outside the United States.

(aa)Quality of Title.The Borrower has acquired, for fair consideration and reasonablyequivalentvalue,alloftheright,titleandinterestoftheapplicableOriginatorineach Pool Receivable and the Related Rights with respect thereto.Each Pool Receivable and the

Related Rights with respect thereto, is owned by the Borrower free and clear of any Adverse Claim (other than a Permitted Adverse Claim).

(bb)Opinions.The facts regarding each Traeger Party, the Receivables, the Related Security and the related matters set forth or assumed in each of the opinions of counsel deliveredinconnectionwiththisAgreementandtheTransactionDocumentsaretrueandcorrect in all material respects.

Notwithstanding any other provision of this Agreement or any other Transaction Document, the representations and warranties contained in this Section shall be continuing, and remain in full force and effect until the Final Payout Date.

SECTION6.02.Representations and Warranties of the Servicer.The Servicer represents and warrants toeachCreditPartyas oftheClosingDate, oneachSettlementDate, on each daythat a Credit Extension occurs and on each date that a Release occurs:

(a)Organization and Good Standing.The Servicer is a duly organized and validly existing limited liability company in good standing under the laws of the State of Delaware, with the power and authorityunder its Organizational Documents and underthelaws of Delaware to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted.

(b)Due Qualification.The Servicer is duly qualified to do business, is in good standing as a foreign entity and has obtained all necessary licenses and approvals in all jurisdictions in which the conduct of its business or the servicing of the Pool Receivables as required by this Agreement requires such qualification, licenses or approvals, except where the failure to do so would not reasonablybe expected to have a Material Adverse Effect.

(c)Power and Authority; Due Authorization.The Servicer has all necessary power and authority to (i) execute and deliver this Agreement and the other Transaction Documents to which it is a party and (ii) perform its obligations under this Agreement and the other Transaction Documents to which it is a partyand the execution, deliveryandperformance of, and the consummation of the transactions provided for in, this Agreement and the other Transaction Documents to which it is a party have been duly authorized by the Servicer by all necessary action.

(d)Binding Obligations.This Agreement and each of the other Transaction Documents to which it is a partyconstitutes legal, valid and binding obligations oftheServicer, enforceable against the Servicer in accordance with their respective terms, except (i) as such enforceabilitymaybelimitedbyapplicablebankruptcy,insolvency,reorganization,receivership, moratorium or other similar laws affecting creditors’ rights generally and (ii) as such enforceability may be limited by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

No Conflict or Violation.The execution and delivery of this Agreement and each other Transaction Document to which the Servicer is a party, the performance of the transactions contemplated by this Agreement and the other Transaction Documents and the fulfillment of the terms of this Agreement and the other Transaction Documents bythe Servicer will not (i) conflict

with, result in any breach of any of the terms or provisions of, or constitute (with or without notice or lapse of time or both) a default under, the Organizational Documents of the Servicer or any indenture, sale agreement, credit agreement, loan agreement, security agreement, mortgage, deed of trust or other agreement or instrument to which the Servicer is a partyorbywhichitoranyofitspropertyisbound,(ii)resultinthecreationorimpositionofany AdverseClaim(otherthanaPermittedAdverseClaim)uponanyofitspropertiespursuanttothe termsofany suchindenture,creditagreement,loanagreement,security agreement,mortgage,

deed of trust or other agreement or instrument, other than this Agreement and the other Transaction Documents or (iii) conflict with or violate anyApplicable Law, except to the extent that any such conflict, breach, default, Adverse Claim or violation would not reasonably be expected to have a Material Adverse Effect, except to the extent that any such conflict, breach, default,AdverseClaimorviolationcouldnotreasonablybeexpectedtohaveaMaterialAdverse Effect on the Servicer.

(e)Litigation and Other Proceedings.There is no action, suit, proceeding or investigationpending,ortotheServicer’sknowledgethreatened,againsttheServicerbeforeany Governmental Authority: (i) asserting the invalidity of this Agreement or any of the other Transaction Documents; (ii) seeking to prevent the consummation of any of the transactions contemplated by this Agreement or any other Transaction Document; (iii) seeking any determination or ruling that would materially and adversely affect the performance by the Servicerofitsobligationsunder,orthevalidityorenforceabilityof,thisAgreementoranyofthe other Transaction Documents; or (iv) individually or in the aggregate for all such actions, suits, proceedings and investigations would reasonablybe expected tohave aMaterial Adverse Effect on the Servicer.

(f)No Consents.The Servicer is not required to obtain the consent of any other partyor anyconsent, license, approval, registration, authorization or declaration of or with any Governmental Authority in connection with the execution, delivery, or performance of this Agreement or any other Transaction Document to which it is a party that has not already been obtained, except where the failure to obtain such consent, license, approval, registration, authorizationordeclarationwouldnotreasonablybeexpectedtohaveaMaterialAdverseEffect.

(g)Compliance with Applicable Law.The Servicer (i) shall duly satisfy all obligations on its part to be fulfilled under or in connection with the Pool Receivables and the related Contracts, (ii) has maintained in effect all qualifications required under Applicable Law in order to properly service the Pool Receivables and (iii) has complied in all material respects with all Applicable Laws in connection with servicing the Pool Receivables.

(h)Accuracy of Information.All Monthly Reports, Interim Reports, Loan Requests, certificates, reports, statements, documents and other information furnished to the Administrative Agent or anyother Credit Partybythe Servicer pursuant to anyprovision ofthis Agreement or any other Transaction Document, or in connection with or pursuant to any amendment or modification of, or waiver under, this Agreement or any other Transaction Document,is,at thetimethesamearesofurnished,completeandcorrectinallmaterialrespects on the date the same are furnished to the Administrative Agent or such other Credit Party, and

does not contain any material misstatement of fact or omit to state a material fact or any fact necessaryto make the statements contained therein, taken as a whole, not misleading.

LocationofRecords.TheofficeswheretheinitialServicerkeepsallofits records relating to the servicing of the Pool Receivables are located at the Servicer’s address specified on Schedule III.

(i)Credit and Collection Policy.The Servicer has complied in all material respects with the Credit and Collection Policy with regard to each Pool Receivable and the related Contracts.

(j)EligibleReceivables.EachReceivableincludedasanEligibleReceivable in the calculation of the Net Receivable Pool Balance as ofanydate is an EligibleReceivableas of such date.

(k)Servicing Programs.No license or approval is required for the AdministrativeAgent’suseofanysoftwareorothercomputerprogramusedbytheServicer,any Originator or any Sub-Servicer in the servicing of the Pool Receivables, other than those which have been obtained and are in full force and effect.

(l)Servicing of Pool Receivables.Since the Closing Date there has been no material adverse change in the ability of the Servicer or any Sub-Servicer to service and collect the Pool Receivables and the Related Security.

(m)OtherTransactionDocuments.Eachrepresentationandwarrantymadeby the Servicer under each other Transaction Document to which it is a party (including, without limitation, the Purchase and Contribution Agreement) is true and correct in all material respects as of the date when made.

(n)No Material Adverse Effect.Since June 30, 2020, there has been no Material Adverse Effect on the Servicer.

(o)Investment CompanyAct.The Servicer is not an “investmentcompany,” registered or required to be registered under the Investment Company Act.

(p)Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions. None of (a) the Traeger Parties or any of their respective Subsidiaries, Affiliates, directors, officers, employees, or agents that will act in any capacityin connection with or directlybenefit from the facility established hereby is a Sanctioned Person, (b) the Traeger Parties nor any of theirrespectiveSubsidiariesisorganizedorresidentinaSanctionedCountry,and(c)theTraeger Parties has violated, been found in violation of or is under investigation by any Governmental Authority for possible violation of any Anti-Corruption Laws, Anti-Money Laundering Laws or of any Sanctions.

(q)Proceeds.No proceeds received by any Traeger Party or any of their respectiveSubsidiariesorAffiliatesinconnectionwithanyLoanwillbeusedinanymannerthat will violate Anti-Corruption Laws, Anti-Money Laundering Laws or Sanctions.

Policies and Procedures. Policies and procedures have been implemented and maintained by or on behalf of each of the Traeger Parties that are designed to achieve compliance by the Traeger Parties and their respective Affiliates, directors, officers, employees and agents with Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions, and the TraegerPartiesandtheirrespectiveAffiliates,officers,employees,directorsandagentsactingin

anycapacityinconnectionwithordirectlybenefittingfromthefacilityestablishedhereby,arein compliance with Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions.

(r)Transaction Information.None of the Servicer, any Affiliate of the Servicer or any third party with which the Servicer or any Affiliate thereof has contracted, has delivered, in writing or orally, to any Rating Agency, or monitoring a rating of, any Notes, any TransactionInformationwithoutprovidingsuchTransactionInformationtotheapplicableGroup Agent prior to delivery to such Rating Agency and has not participated in any oral communications with respect to Transaction Information with any Rating Agency without the participation of such Group Agent.

(s)Financial Condition.The consolidated balance sheets of the Servicer and its consolidated Subsidiaries as of December 31, 2019 and the related statements of income and shareholders’ equity of the Servicer and its consolidated Subsidiaries for the fiscal quarter then ended, copies of which have been furnished to the Administrative Agent and the Group Agents, present fairly in all material respects the consolidated financial position of the Servicer and its consolidatedSubsidiariesfortheperiodendedonsuchdate,allinaccordancewithGAAP (except as otherwise disclosed in such balance sheet and statement).

(t)ERISA.NoERISAEventhasoccurredduringthepriorfiveyears,except to the extent that anysuch ERISA Event, aloneor with anyothersuch ERISA Events, couldnot reasonably be expected to result in a Material Adverse Effect.

(u)Taxes.The Servicer has timely filed all federal and other material Tax returns required to be filed by it and paid, or caused to be paid, all federal and other material Taxes, assessments and other governmental charges, if any, other than Taxes, assessments and other governmental charges which are being contested in good faith byappropriate proceedings and as to which adequate reserves have been provided in accordance with GAAP.

(v)Opinions.The facts regarding each Traeger Party, the Receivables, the Related Security and the related matters set forth or assumed in each of the opinions of counsel deliveredinconnectionwiththisAgreementandtheTransactionDocumentsaretrueandcorrect in all material respects.

ContractualDilutionAccrual.TheServicershallincludeineachMonthly Report and Interim Report delivered to Administrative Agent the Contractual Dilution Accrual for the then outstanding Pool Receivables as of the last day of the prior Fiscal Month.The Contractual Dilution Accrual shall be calculated bythe Servicer in the ordinarycoursebased on the amount thereof expected to occur with respect to the then outstanding Pool Receivables as reasonably determined by the Servicer and in accordance with the definitions of “Contractual Dilution Accrual”.Additionally, the Servicer shall deliver such other information and reports with respect to the Contractual Dilution

Accrual, including a comparison of the Contractual Dilution Accrual to the actual Deemed Collection with respectthereto for each FiscalMonth, in form and substance reasonably satisfactory to the Administrative Agent.

(aa)Change in Contractual Dilution Accrual.The Servicer will not make any material change in the methodology used to calculate the Contractual Dilution Accrual without providing the Administrative Agent and each Group Agent 30 days’ prior written notice thereof.

Notwithstanding any other provision of this Agreement or any other Transaction Document, the representations and warranties contained in this Section shall be continuing, and remain in full force and effect until the Final Payout Date.

ARTICLEVII COVENANTS

SECTION7.01.CovenantsoftheBorrower.AtalltimesfromtheClosingDateuntilthe

FinalPayoutDate:

(a)Payment of Principal and Interest.The Borrower shall duly and punctually pay Capital, Interest, Fees and all other amounts payable by the Borrower hereunder in accordance with the terms of this Agreement.

(b)Existence.The Borrower shall keep in full force and effect its existence andrightsasalimitedliabilitycompanyunderthelawsoftheStateofDelaware,andshallobtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, the other Transaction Documents and the Collateral.

(c)Financial Reporting.The Borrower will maintain a system of accounting establishedandadministeredinaccordancewithGAAP,andtheBorrower(ortheServiceronits behalf) shall furnish to the Administrative Agent and each Group Agent:

(i)Annual Financial Statements of the Borrower.Promptly upon completion and in no event later than 120 days after the close of each fiscal year of the Borrower, annual unaudited financialstatements ofthe Borrower certifiedbya Financial Officer of the Borrower that they fairly present in all material respects, in accordance with GAAP, the financial condition of the Borrower as of the date indicated and the results of its operations for the periods indicated.

Monthly Reports and Interim Reports.(A) As soon as available and in anyevent not later than each MonthlyReporting Date, aMonthlyReport as of the most recently completed Fiscal Month, (B) at any time after the occurrence and during the continuance of a WeeklyReporting Period, as soon as available and in anyeventnot later than each Weekly Reporting Date, a Weekly Report with respect to the Pool Receivables with data as of the close of business on the last day of the immediately preceding calendar week and (C) at any time on or after the Termination Date or at any time during the continuation of an Event of Default or whenthe Administrative Agent is

otherwise exercising exclusive dominion and control under any Collection Account ControlAgreement,oneachBusinessDay,aDailyReportwithrespecttothePool

Receivables with data as ofthe closeofbusiness ontheimmediatelypreceding Business Day.

(ii)OtherInformation.Suchotherinformation(including non-financial information) regarding the Pool Receivables or the operations, assets, liabilitiesandfinancialconditionofanyTraegerPartyastheAdministrativeAgentorany Group Agent may from time to time reasonably request.

(d)Notices.The Borrower (or the Servicer on its behalf) will notify the Administrative Agent and each Group Agent in writing of any of the following events (x) with respect to clauses (i)through (ix)below, promptly upon (but in no event later than two (2) Business Days after) a Responsible Officer or Financial Officer of the Servicer learning of the occurrencethereof and (y) with respect to clause(x)below,promptlyupon(butinnoeventlater than two (2) Business Days after), with such notice describing the same, and if applicable, the steps being taken by the Person(s) affected with respect thereto:

(i)Notice of Events of Default or Unmatured Events of Default.A statement of a Financial Officer of the Borrower setting forth details of any Event of DefaultorUnmaturedEventofDefaultthathasoccurredandiscontinuingandtheaction which the Borrower proposes to take with respect thereto.

(ii)Representations and Warranties.Thefailureofanyrepresentation or warranty made or deemed to be made by the Borrower under this Agreement or any other Transaction Document to be true and correct in anymaterial respect when made.

(iii)Litigation.To the extent permitted by Applicable Law, the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against any Traeger Party, or, to the knowledge of a Financial Officer of any Traeger Party, affecting any Traeger Party, or any materially adverse development in any such pending action, suit or proceeding not previously disclosed in writing by the Borrower to the Administrative Agent, that in each case with respect toanyPerson other than the Borrower, would reasonablybe expected to result in a Material AdverseEffectorthatinanymannerquestionsthevalidityofanyTransactionDocument.

(iv)Adverse Claim.(A) Any Person shall obtain an Adverse Claim (other than a Permitted Adverse Claim) upon the Collateral or any portion thereof, (B) anyPersonotherthantheBorrower,theServicerortheAdministrativeAgentshallobtain anyrightsordirectanyactionwithrespecttoanyCollectionAccount(orrelated Lock-Box) or (C) any Obligor shall receive any change in payment instructions with respect to Pool Receivable(s)from aPersonotherthan theServicerortheAdministrative Agent.

(v)NameChanges.AnychangeinanyOriginator’sname,jurisdiction of organization or any other change requiring the amendment of UCC financing statements or similar filings.

Change in Accountants or Accounting Policy.Any change in (i) the external accountants of the Borrower, the Servicer, any Originator or the Parent, (ii)

any accounting policy of the Borrower or (iii) any material accounting policy of any Originator that is relevant to the transactions contemplated by this Agreement or any otherTransactionDocument(itbeingunderstoodthatanychangetothemannerinwhich any Originator accounts for the Pool Receivables shall be deemed “material” for such purpose).

(vi)ERISA Event.The occurrence of anyERISA Event that, alone or together with anyother ERISA Eventsthathaveoccurred,wouldreasonablybeexpected to result in a Material Adverse Effect.

(vii)Termination Event.The occurrence of a Purchase and Contribution Termination Event under the Purchase and Contribution Agreement.

(viii)Material Adverse Effect.Any development that has resulted, or would reasonably be expected to result, in a Material Adverse Effect.

(ix)Liquidity Shortfall.The occurrence of a Level 1 Liquidity Shortfall or Level 2 Liquidity Shortfall.

(e)ConductofBusiness.TheBorrowerwillcarryonandconductitsbusiness in substantially the same manner and in substantially the same fields of enterprise as it is presently conducted and will do all things necessary to remain duly organized, validly existing and in good standing as a domestic organization in its jurisdiction of organization and maintain all requisite authority to conduct its business in each jurisdiction in which its business is conducted.

(f)Compliance with Laws.The Borrower will comply with all Applicable Laws to which it maybesubject ifthefailuretocomplywouldreasonablybeexpected tohave a Material Adverse Effect.

(g)Furnishing of Information and Inspection of Receivables.The Borrower will furnish or cause to be furnished to the Administrative Agent and each Group Agent from timetotimesuchinformationwithrespecttothePoolReceivablesandtheotherCollateralasthe Administrative Agent or any Group Agent may reasonably request.The Borrower will, at the Borrower’sexpense,duringregularbusinesshourswithreasonablepriorwrittennotice(i)permit the Administrative Agent and each Group Agent or their respective agents or representatives to

(A) examine and make copies of and abstracts from all books and records relating to the Pool Receivables or other Collateral, (B) visit the offices and properties of the Borrower for the purpose of examining such books and records and (C) discuss matters relating to the Pool Receivables, the other Collateral or the Borrower’s performance hereunder or under the other Transaction Documents to which it is a party with any of the officers, directors, employees or independentpublicaccountantsoftheBorrowerhavingknowledgeofsuchmattersand

(ii) without limiting the provisions of clause (i)above, during regular business hours, at the Borrower’s expense, upon reasonable prior written notice from the Administrative Agent, permit

certifiedpublicaccountantsorotherauditorsacceptabletotheAdministrativeAgenttoconducta review of its books and records with respect to such Pool Receivables and other Collateral; provided,thattheBorrowershallberequiredtoreimbursetheAdministrativeAgentforonlyone

(1)suchreviewpursuanttoclause(ii)aboveinany twelve-monthperiod,unlessanEventof Default has occurred and is continuing.

(h)Payments on Receivables and Collection Accounts.TheBorrower (or the Servicer on its behalf) will, and will cause each applicable Originator to, at all times, instruct all Obligors to deliver payments on the Pool Receivables directly to a Collection Account or aLock-Box.The Borrower (or the Servicer on its behalf) will, and will cause each applicable Originator to, at all times, maintain such books and records necessary to identify Collections received from time to time on Pool Receivables and to both (i) segregate such Collections from other funds and (ii) promptly remit such Collections to a Collection Account.If any payments on the Pool Receivables or other Collections are received by the Borrower, the Servicer or an Originator, it shall hold such payments in trust for the benefit of the Administrative Agent, the Group Agents and the other Secured Parties and, at anytimeafter theApplicableDate, promptly (but in any event within two (2) Business Days after receipt) remit such funds into a Collection Account;provided,however,thatintheeventthatanysuchpaymentsonthePoolReceivablesor otherCollectionsarenotremittedbyanObligordirectlyintoaCollectionAccountora Lock-Box,theBorrower(ortheServiceronitsbehalf)shallnotifytheapplicableObligorofsuch failure and shall take commercially reasonable action to ensure that future payments on Receivables owing by such Obligor are remitted by such Obligor directly to a Collection Account or a Lock-Box.TheBorrower (or the Servicer on its behalf) will causeeach Collection Account Bank to comply with the terms of each applicable Collection Account Control Agreement.The Borrower shall not permit funds other than Collections on Pool Receivables and other Collateral to be deposited into anyCollection Account.If such funds are nevertheless deposited into any Collection Account, the Borrower (or the Servicer on its behalf) will within two (2) Business Days after receipt transfer such funds to the appropriate Person entitled to such funds.TheBorrowerwillnot,norwillitpermittheServicer,anyOriginatororanyotherPerson, in each case, to commingle Collections or other funds to which the Administrative Agent, any Group Agent or any other Secured Party is entitled, with any other funds; provided, however, that amounts held in trust by the Servicer pursuant to Section 3.01(a)may be commingled with other funds of the Servicer to the extent otherwise permitted hereunder; provided, however, that, in each case, that anysuch commingling shall not derogate from the Borrower’s indemnification obligationswithrespecttocomminglingpursuanttoSection12.01.TheBorrowershallonlyadd a Collection Account (or a related Lock-Box) or a Collection Account Bank to those listed on Schedule IIto this Agreement, if the Administrative Agent has received notice of such addition and an executed and acknowledged copy of a Collection Account Control Agreement (or an amendment thereto) in form and substance acceptable to the Administrative Agent from the applicable Collection Account Bank.The Borrower shall only terminate a Collection Account Bank or close a Collection Account (or a related Lock-Box), in each case, with theprior written consentoftheAdministrativeAgent.TheBorrowershallensurethatnodisbursementsaremade from any Collection Account, other than such disbursements that are made at the direction and for the account of the Borrower.

Sales, Liens, etc.Except as otherwise provided herein, the Borrower will not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to existanyAdverseClaim(otherthanaPermittedAdverseClaim)upon(including,without

limitation, the filingof anyfinancingstatement)orwithrespect to,anyPoolReceivableorother Collateral, or assign any right to receive income in respect thereof.

(i)Extension or Amendment of Pool Receivables.Except as otherwise permitted in Section 8.02, the Borrower will not, and will not permit the Servicer to, alter the delinquency status or adjust the Unpaid Balance or otherwise modify the terms of any Pool Receivableinanymaterialrespect,oramend,modifyorwaive,inanymaterialrespect,anyterm orconditionofanyrelatedContract.TheBorrowershallatitsexpense,timelyandfullyperform andcomplyinallmaterialrespectswithallprovisions,covenantsandotherpromisesrequiredto be observed by it under the Contracts related to the Pool Receivables, and timely and fully comply with the Credit and Collection Policy with regard to each Pool Receivable and the related Contract in all material respects.

(j)ChangeinCredit andCollectionPolicy.The Borrower willnotmakeany material change in the Credit and Collection Policy without the prior written consent of the Administrative Agent and the MajorityGroup Agents.Promptlyfollowing anymaterial change in the Credit and Collection Policy, the Borrower will deliver a copy of the updated Credit and Collection Policy to the Administrative Agent and each Lender.

(k)Fundamental Changes.The Borrower shall not, without the prior written consent of the Administrative Agent and the Majority Group Agents, (i) permit itself (x) to merge or consolidate with or into, or convey, transfer, lease or otherwise dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned orhereafter acquired)to, anyPerson or(y)to bedirectlyowned byanyPersonotherthan with respect to the Borrower, an Originator or (ii) undertake any division of its rights, assets, obligations,orliabilitiespursuanttoaplanofdivisionorotherwisepursuanttoApplicableLaw.

(l)Books and Records.The Borrower shall maintain and implement (or cause the Servicer to maintain and implement) administrative and operating procedures (includinganabilitytorecreaterecordsevidencingPoolReceivablesandrelatedContractsinthe event ofthedestruction oftheoriginalsthereof),andkeepandmaintain(orcausetheServicerto keep and maintain) all documents, books, records, computer tapes and disks and other information reasonably necessary or advisable for the collection of all Pool Receivables (including records adequate to permit the daily identification of each Pool Receivable and all Collections of and adjustments to each existing Pool Receivable).

(m)Identifying of Records.The Borrower shall: (i) take all steps reasonably necessarytoensurethatthereshallbeplacedoneachdataprocessingreportthatitgeneratesthat is provided to a proposed purchaser or lender to evaluate the Receivables, a legend evidencing thatthePoolReceivableshavebeentransferredtotheBorrowerinaccordancewiththePurchase and Contribution Agreement and (ii) cause each Originator to do the same.

ChangeinPaymentInstructionstoObligors.TheBorrowershallnot(and shall not permit the Servicer or any Sub-Servicer to) add, replace or terminate any Collection Account (or any related Lock-Box) or make any change in its (or their) instructions to the Obligors regarding payments to be made to the Collection Accounts (or anyrelated Lock-Box), otherthananyinstructiontoremitpaymentstoadifferentCollectionAccount(oranyrelated

Lock-Box), unless the Administrative Agent shall have received (i) prior written notice of such addition, termination or change and (ii) a signed and acknowledged Collection Account Control Agreement (or an amendment thereto) with respect to such new Collection Accounts (or any relatedLock-Box),andtheAdministrativeAgentshallhaveconsentedtosuchchangeinwriting.

(n)Security Interest, Etc.The Borrower shall (and shall cause the Servicer to), at its expense, take all action necessary or desirable to establish and maintain a valid and enforceable first priority perfected security interest in the Collateral, in each case free and clear of any Adverse Claim (other than a Permitted Adverse Claim), in favor of the Administrative Agent (on behalf of theSecured Parties), includingtakingsuch action toperfect,protect ormore fullyevidencethesecurityinterestoftheAdministrativeAgent(onbehalfoftheSecuredParties) as the Administrative Agent or any Secured Party may reasonablyrequest.In order to evidence the security interests of the Administrative Agent under this Agreement, the Borrower shall, from time to time take such action, or execute and deliver such instruments as maybe necessary (including, without limitation, such actions as are reasonably requested by the Administrative Agent) to maintain and perfect, as a first-priority interest, the Administrative Agent’s security interest in the Pool Receivables, Related Security and Collections.The Borrower shall, from time to time and within the time limits established by law, prepare and present to the Administrative Agent for the Administrative Agent’s authorization and approval, all financing statements, amendments, continuations or initial financing statements in lieu of a continuation statement, or other filings necessary to continue, maintain and perfect the AdministrativeAgent’ssecurityinterestasafirst-priorityinterest.TheAdministrativeAgent’sapprovalofsuch filings shall authorize the Borrower to file such financingstatements under the UCC without the signature of the Borrower, any Originator or the Administrative Agent where allowed by Applicable Law.Notwithstanding anything else in the Transaction Documents to the contrary, the Borrower shall not have any authority to file a termination, partial termination, release, partial release, or any amendment that deletes the name of adebtor or excludes collateral of any such financingstatements filed in connection with the Transaction Documents, without the prior written consent of the Administrative Agent.

(o)Certain Agreements.Without the prior written consent of the AdministrativeAgentandtheMajorityGroupAgents,theBorrowerwillnot(andwillnotpermit any Originator or the Servicer to) amend, modify, waive, revoke or terminate any Transaction Document to which it is a party or any provision of the Borrower’s Organizational Documents which requires the consent of the Independent Director.

(p)Restricted Payments.(i) Except pursuant to clause (ii)below, the Borrower will not: (A)purchase or redeem any of its Capital Stock, (B)declare or pay any dividend or set aside anyfunds for anysuch purpose, (C)prepay, purchase or redeem anyDebt,

(D)lend or advance any funds or (E)repay any loans or advances to, for or from any of its Affiliates (the amounts described in clauses (A)through (E)being referred to as “RestrictedPayments”).

Subject to the limitations set forth in clause (iii)below, the Borrower maymake Restricted Payments so long as such Restricted Payments are made only in one or more of the following ways: (A) the Borrower may make cash payments (including prepayments) on the Subordinated Notes in accordance with their respective

terms and (B) the Borrower may declare and pay dividends if, both immediately before andimmediatelyaftergivingeffectthereto,theBorrower’sNetWorthisnotlessthanthe Required Capital Amount.

(i)The Borrower may make Restricted Payments only out of the funds, if any, it receives for its own account pursuant to a Release made in accordance with all applicable terms of this Agreement or Section 3.01(a)(v)of this Agreement if both (x) such Restricted Payment is made (y) all conditions to such Restricted Payment set forth in Section 5.03 are satisfied with respect thereto.

(q)Other Business.The Borrower will not: (i) engage in any business other than the transactions contemplated bythe Transaction Documents, (ii) create, incur or permit to existanyDebtofanykind(orcauseorpermittobeissuedforitsaccountanylettersofcredit)or bankers’ acceptances other than pursuant to this Agreement or the Subordinated Notes or (iii) form any Subsidiary or make any investments in any other Person.

(r)Use of Collections Available to the Borrower.The Borrower shall apply theCollectionsavailabletotheBorrowertomakepaymentsinthefollowingorderofpriority:(i) the payment of its obligations under this Agreement and each of the other Transaction Documents (other than the Subordinated Notes), (ii) the payment of accrued and unpaid interest on the Subordinated Notes and (iii) other legal and valid purposes.

(s)FurtherAssurances;ChangeinNameorJurisdictionofOrigination,etc.

(i)The Borrower hereby authorizes and hereby agrees from time to time, at its own expense, promptlytoexecute(ifnecessary)anddeliverallfurtherinstrumentsanddocuments,andtotake all further actions, that may be necessary or desirable, or that the Administrative Agent may reasonably request, to perfect, protect or more fully evidence the security interest granted pursuant to this Agreement or anyother Transaction Document, or to enable the Administrative Agent (on behalf of the Secured Parties) to exercise and enforce the Secured Parties’ rights and remedies under this Agreement and the other Transaction Document.Without limiting the foregoing, the Borrower hereby authorizes, and will, upon the request of the Administrative Agent, at the Borrower’sown expense, execute (ifnecessary) and filesuch financingstatements or continuation statements, or amendments thereto, and such other instruments and documents, that may be necessary or desirable, or that the Administrative Agent mayreasonablyrequest, to perfect, protect or evidence any of the foregoing.

(ii)The Borrower authorizes the Administrative Agent to file financing statements, continuation statements and amendments thereto and assignments thereof,

relating to the Receivables, the Related Security, the related Contracts, Collections with respect thereto and the other Collateral without the signature of the Borrower.A photocopy or other reproduction of this Agreement shall be sufficient as a financing statement where permitted by law.

The Borrower shall at all times beorganizedunderthelaws ofthe State of Delaware unless the Administrative Agent and the MajorityGroup Agents have

consented to a change ofjurisdiction in writing (such consent to beprovided or withheld in the sole discretion of such Person).

(iii)The Borrower will not change its name, location, identity or corporate structure unless (x) the Borrower, at its own expense, shall have taken allaction necessary or appropriate to perfect or maintain the perfection of the security interest under this Agreement (including, without limitation, the filing of all financing statementsandthetakingofsuchotheractionastheAdministrativeAgentmayrequestin connection with such change or relocation), (y) the Administrative Agent and the MajorityGroupAgentshaveconsentedtheretoinwriting(suchconsenttobeprovidedor withheld in the sole discretion of such Person) and (z) if requested bythe Administrative Agent,theBorrowershallcausetobedeliveredtotheAdministrativeAgent,oneormore opinions, in form and substance satisfactory to the Administrative Agent as to such matters as the Administrative Agent may request at such time.

(iv)Anti-Corruption Laws,Anti-MoneyLaunderingLawsandSanctions.The Borrowerwillensurethatpoliciesandproceduresaremaintainedandenforcedbyoronbehalfof theBorrowertopromoteandachievecompliance,bytheBorrowerandeachofitsAffiliates,and theirrespectivedirectors,officers,employeesandagentswithAnti-CorruptionLaws, Anti-Money Laundering Laws and Sanctions.

(w)Beneficial Ownership Rule.Promptly following any change in the information included in the Certification from Exemption of Beneficial Owner(s) that would result in a change to thestatus as an exempt partyidentified in such Certification, or achange in the address of any beneficial owners or control party, the Borrower shall execute and deliver to the Administrative Agent an updated Certification of Beneficial Owner(s) or updated Certification from Exemption of Beneficial Owner(s).

(x)Transaction Information.None of the Borrower, any Affiliate of the Borrower or any third party with which the Borrower or any Affiliate thereof has contracted, shall deliver, in writing or orally, to any Rating Agency, any Transaction Information without providing such Transaction Information to the applicable Group Agent prior to deliveryto such Rating Agency and will not participate in any oral communications with respect to Transaction Information with anyRating Agencywithout the participation of such Group Agent.

(y)Borrower’sNetWorth.TheBorrowershallnotpermittheBorrower’sNet Worth to be less than the Required Capital Amount.

(z)Taxes.TheBorrowerwill(i)timelyfileallfederalandothermaterialTax returns (federal, state and local) required to be filed by it and (ii) pay, or cause to be paid, all federalandothermaterialTaxes,assessmentsandothergovernmentalcharges,ifany,otherthan Taxes,assessmentsandothergovernmentalchargesbeingcontestedingoodfaithbyappropriate proceedings and as to which adequate reserves have been provided in accordance with GAAP.

(aa)    Commingling.The Borrower (or the Servicer on their behalf) will, andwillcauseeachOriginatorto,atalltimes,takecommerciallyreasonableactionstoensurethaton

and after the Closing Date that no funds are deposited into any Collection Account other thanCollections on Pool Receivables.

(bb)Borrower’s Tax Status.The Borrower will remain a wholly-owned subsidiaryofaU.S.PersonandshallnotpermititselftobesubjecttowithholdingunderSections 1441, 1445, 1446 or 1461 of the Code (with respect to allocations of income or payments or distributions to its beneficial owner).The Borrower will not take or permit any action to be taken that would cause the Borrower to be treated other than as a “disregarded entity” within the meaning of U.S. Treasury Regulation § 301.7701-3 for U.S. federal income tax purposes.The Borrower shall not take any action that would reasonably be expected to result in the Borrower becoming subject to Tax on a net basis in any jurisdiction outside the United States.

(cc)Anti-CorruptionLaws,Anti-MoneyLaunderingLawsandSanctions. The Borrower will not request any Loan, and shall not permit its Affiliates or anyof their respective directors,officers,employees oragents touse, theproceeds ofanyLoan(A)infurtheranceofan offer, payment, promise to pay, or authorization of the payment or giving of money,or anything elseofvalue,toanyPersoninviolationofanyAnti-CorruptionLawsorAnti-MoneyLaundering Laws, (B)for the purpose of funding or financing any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in each case to the extent doing so would violate any Sanctions, or (C)in any other manner that would result in liability to any Person under any applicable Sanctions or result in the violation of any Anti-Corruption Laws, Anti-Money Laundering Laws or Sanctions.

(dd)Evading and Avoiding. The Borrower will not engagein,orpermitanyof its Affiliates or any director, officer, employee, agent or other Person acting on behalf of the Borrower in any capacity in connection with or directly benefitting from the Agreement to engage in, or to conspire to engage in, any transaction that evades or avoids, or has the purpose ofevadingoravoiding,orattemptstoviolate,anyoftheprohibitionssetforthinanyAnti-Corruption Laws, Anti-Money Laundering Laws and Sanctions.

SECTION7.02.Covenants of theServicer.At all times from theClosingDateuntil the Final Payout Date:

(a)Existence.The Servicer shall keep in full force and effect its existence and rights as a corporation or other entityunder the laws of the State of Delaware.The Servicer shallobtainandpreserveitsqualificationtodobusinessineachjurisdictioninwhichtheconduct of its business or the servicing of the Pool Receivables as required by this Agreement requires such

qualification, except where the failure to do so would not reasonablybe expected to have a Material Adverse Effect.

(b)Financial Reporting.The Servicer will maintain a system of accounting established and administered in accordance with GAAP, and the Servicer shall furnish to the Administrative Agent and each Group Agent:

Quarterly Financial Statements of Traeger.Within 45 days after the end of each of the first three fiscal quarters of each fiscal year of the Performance Guarantor,thePerformanceGuarantor’sunauditedconsolidatedbalancesheetand

unauditedconsolidatedstatementsofincomeandcashflowsasoftheendofandforsuch fiscal quarter, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) theprevious fiscal year,allcertified byaFinancialOfficerofthePerformanceGuarantor as presenting fairly in all material respects the financial condition, results of operations and cash flows of the Performance Guarantor and its consolidated Subsidiaries, in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes.

(i)AnnualFinancialStatementsofTraeger.Within120daysafterthe end of each fiscal year of the Performance Guarantor, its audited consolidated balance sheetandrelatedauditedconsolidatedstatementsofincomeandcashflowsforsuchyear, setting forth in each case in comparative form the figures for the previous year, reported on without a “going concern” or like qualification or exception, or qualification arising out of the scope of the audit, by independent certified public accountants of nationally recognized standing.Such financial statements shall (x) be complete and correct in all material respects and (y) shall be prepared in reasonable detail and in accordance with GAAP applied consistently (except as otherwise disclosed in such financial statements) throughout the periods reflected therein and with prior periods.

(ii)Compliance Certificates.(a) A compliance certificate promptly upon completion of the annual report of the Performance Guarantor and in no event later than 120 days after the close of the Performance Guarantor’s fiscal year, in form and substance substantially similar to Exhibit Gsigned bya Financial Officer of the Servicer stating that no Event of Default or Unmatured Event of Default has occurred and is continuing, orifanyEvent ofDefault orUnmaturedEvent ofDefaulthasoccurredand is continuing, stating the nature and status thereof and (b) within 45 days after the close of each fiscal quarter of the Servicer, a compliance certificate in form and substance substantiallysimilartoExhibitGsignedbyaFinancialOfficeroftheServicerstatingthat no Event of Default or Unmatured Event of Default has occurred and is continuing, or if any Event of Default or Unmatured Event of Default has occurred and is continuing, stating the nature and status thereof.

(iii)Monthly Reports and Interim Reports.The materials required to be provided by the Borrower pursuant to Section 7.01(c)(ii).

(iv)Other Information.Such other information regarding the Pool Receivables or the operations, assets, liabilities and financial condition of any Traeger PartyastheAdministrativeAgentoranyGroupAgentmayfromtimetotimereasonably request.

Other Reports and Filings.Promptly (but in any event within ten days) after the filing or delivery thereof, copies of all financial information, proxy materials and reports, if any, which Parent or any of its consolidated Subsidiaries shall publiclyfilewiththeSECordelivertoholders(oranytrustee,agentorother

representativetherefor)ofanyofitsmaterialDebtpursuanttothetermsofthe documentation governing the same.

(c)Notices.The Servicer will notify the Administrative Agent and each GroupAgent inwritingofanyofthefollowingevents (x)withrespect to clauses(i)through(ix)below, promptly upon (but in no event later than two (2) Business Days after) a Responsible Officer or Financial Officer of the Servicer learning of the occurrence thereof and (y) with respect to clause (x)below, promptly upon (but in no event later than two (2) Business Days after), with such notice describing the same, and if applicable, the steps being taken by the Person(s) affected with respect thereto:

(i)Notice of Events of Default or Unmatured Events of Default.A statement of a Financial Officer of the Servicer setting forth details of any Event of DefaultorUnmaturedEventofDefaultthathasoccurredandiscontinuingandtheaction which the Servicer proposes to take with respect thereto.

(ii)Representations and Warranties.Thefailureofanyrepresentation or warranty made or deemed made bythe Servicer or anyother Traeger Partyunder this Agreement or any other Transaction Document to be true and correct in any material respect when made.

(iii)Litigation.To the extent permitted by Applicable Law, the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against any Traeger Party, or, to the knowledge of a Financial Officer of any Traeger Party, affecting any Traeger Party, or any materially adverse development in any such pending action, suit or proceeding not previously disclosed in writing by the Borrower to the Administrative Agent, that in each case with respect toanyPerson other than the Borrower, would reasonablybe expected to result in a Material AdverseEffectorthatinanymannerquestionsthevalidityofanyTransactionDocument.

(iv)Adverse Claim.(A) Any Person shall obtain an Adverse Claim (other than a Permitted Adverse Claim) upon the Collateral or any portion thereof, (B) anyPersonotherthantheBorrower,theServicerortheAdministrativeAgentshallobtain anyrightsordirectanyactionwithrespecttoanyCollectionAccount(orrelated Lock-Box) or (C) any Obligor shall receive any change in payment instructions with respect to Pool Receivable(s)from aPersonotherthan theServicerortheAdministrative Agent.

(v)NameChanges.AnychangeinanyOriginator’sname,jurisdiction of organization or any other change requiring the amendment of UCC financing statements or similar filings.

Change in Accountants or Accounting Policy.Any change in (i) the external accountants of the Borrower, the Servicer, any Originator or the Parent, (ii) any accounting policy of the Borrower or (iii) any material accounting policy of any Originator that is relevant to the transactions contemplated by this Agreement or any otherTransactionDocument(itbeingunderstoodthatanychangetothemannerinwhich

any Originator accounts for the Pool Receivables shall be deemed “material” for suchpurpose).

(vi)ERISA Event.The occurrence of anyERISA Event that, alone or together with anyother ERISA Eventsthathaveoccurred,wouldreasonablybeexpected to result in a Material Adverse Effect.

(vii)Termination Event.The occurrence of a Purchase and Contribution Termination Event under the Purchase and Contribution Agreement.

(viii)Material Adverse Effect.Promptly after the occurrence thereof, any development that has resulted, or would reasonably be expected to result, in a Material Adverse Effect.

(ix)Liquidity Shortfall.The occurrence of a Level 1 Liquidity Shortfall or Level 2 Liquidity Shortfall.

(d)Conduct of Business.The Servicer will carryon and conduct its business in substantially the same manner and in substantially the same fields of enterprise as it is presently conducted, and will do all things necessary to remain duly organized, validly existing andingoodstandingasadomesticcorporationinitsjurisdictionoforganizationandmaintainall requisite authority to conduct its business in each jurisdiction in which its business is conducted if the failure to have such authority could reasonably be expected to have a Material Adverse Effect.

(e)Compliance with Laws.The Servicer will comply with all Applicable Laws to which it maybesubject ifthefailuretocomplywouldreasonablybeexpected tohave a Material Adverse Effect.

(f)Furnishing of Information and Inspection of Receivables.The Servicer will furnish or cause to be furnished to the Administrative Agent and each Group Agent from timetotimesuchinformationwithrespecttothePoolReceivablesandtheotherCollateralasthe Administrative Agent or any Group Agent may reasonably request.The Servicer will, at the Servicer’s expense, during regular business hours with prior written notice, (i) permit the Administrative Agent and each Group Agent or their respective agents or representatives to (A) examine and make copies of and abstracts from all books and records relating to the Pool Receivables or other Collateral, (B) visit the offices and properties of the Servicer for the

purpose of examining such books and records and (C) discuss matters relating to the Pool Receivables, the other Collateral or the Servicer’s performance hereunder or under the other Transaction Documents to which it is a party with any of the officers, directors, employees or independentpublicaccountantsoftheServicerhavingknowledgeofsuchmattersand

(ii)without limiting the provisions of clause (i)above, during regular business hours, at the Servicer’s expense, upon prior written notice from the Administrative Agent, permit certified public accountants or other auditors acceptable to the Administrative Agent to conduct a review ofitsbooksandrecordswithrespecttothePoolReceivablesandotherCollateral;provided,that theServicershallberequiredtoreimbursetheAdministrativeAgentforonlyone(1)such

review pursuant to clause (ii)above in anytwelve-month period unless an Event of Default has occurred and is continuing.

(g)Payments on Receivables and Collection Accounts.The Servicer will at all times, instruct all Obligors to deliver payments on the Pool Receivables directly to a Collection Account or a Lock-Box.The Servicer will, at all times, maintain such books and records necessary to identify Collections received from time to time on Pool Receivables and to both(i)segregatesuchCollectionsfromotherfundsand(ii)promptlyremitsuchCollectionstoa Collection Account.If any payments on the Pool Receivables or other Collections are received bytheBorrower,theServiceroranOriginator,itshallholdsuchpaymentsintrustforthebenefit of the Administrative Agent, the Group Agents and the other Secured Parties and, at any time after the Applicable Date, promptly(but in anyevent within two (2) Business Days afterreceipt) remit such funds into a Collection Account; provided, however, that in the event that any such payments on the Pool Receivables or other Collections are not remitted by an Obligor directly intoaCollectionAccountoraLock-Box,theServicershallnotifytheapplicableObligorofsuch failure and shall take commercially reasonable action to ensure that future payments on Receivables owing by such Obligor are remitted by such Obligor directly to a Collection Account or a Lock-Box.The Servicer shall not permit funds other than Collections on Pool Receivables and other Collateral to be deposited into any Collection Account.If such funds are nevertheless deposited into any Collection Account, the Servicer will within two (2) Business Days after receipt transfer such funds to the appropriate Person entitled to such funds.The Servicer will not, and will not permit the Borrower, any Originator or any other Person to commingle Collections or other funds to which the Administrative Agent, any Group Agent or any other Secured Party is entitled, with any other funds; provided, however, that amounts held in trust by the Servicer pursuant to Section 3.01(a)may be commingled with other funds of the Servicer to the extent otherwise permitted hereunder; provided, however, that, in each case, that any such commingling shall not derogate from the Servicer’s indemnification obligations with respect to commingling pursuant to Section 12.02.The Servicer shall only add a Collection Account (or a related Lock-Box), or a Collection Account Bank to those listed on Schedule IIto thisAgreement,iftheAdministrativeAgenthasreceivednoticeofsuchadditionandanexecuted and acknowledged copy of a Collection Account Control Agreement (or an amendment thereto) in form and substance acceptable to the Administrative Agent from the applicable Collection Account Bank.The Servicer shall only terminate a Collection Account Bank or close a Collection Account (or a related Lock-Box) with the prior written consent of the Administrative Agent.

(h)Extension or Amendment of Pool Receivables.Except as otherwise permitted in Section 8.02, the Servicer will not alter the delinquencystatus or adjust the Unpaid BalanceorotherwisemodifythetermsofanyPoolReceivableinanymaterialrespect,oramend, modify or waive, in any material respect, any term or condition of any related Contract. The Servicershallatitsexpense,timelyandfullyperformandcomplyinallmaterialrespectswithall provisions, covenants and other promises required to be observed by it under the Contracts related to the Pool Receivables, and timely and fully comply with the Credit and Collection Policy with regard to each Pool Receivable and the related Contract.

Change in Credit and Collection Policy.The Servicer will not make any materialchangeintheCreditandCollectionPolicywithoutthepriorwrittenconsentofthe

Administrative Agent and the MajorityGroup Agents.Promptlyfollowing anymaterial change in the Credit and Collection Policy, the Servicer will deliver a copy of the updated Credit and Collection Policy to the Administrative Agent and each Lender.

(i)Records.The Servicer will maintain and implement administrative and operating procedures (including an ability to recreate records evidencing Pool Receivables and related Contracts in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records, computer tapes and disks and other information reasonably necessary or advisable for the collection of all Pool Receivables (including records adequate to permit the dailyidentification of each Pool Receivable and all Collections of and adjustments to each existing Pool Receivable).

(j)Identifying of Records.The Servicer shall (i)take all steps reasonably necessarytoensurethatthereshallbeplacedoneachdataprocessingreportthatitgeneratesthat is provided to a proposed purchaser or lender to evaluate the Receivables, a legend evidencing thatthePoolReceivableshavebeentransferredtotheBorrowerinaccordancewiththePurchase and Contribution Agreement and (ii) cause each Originator to do the same.

(k)Change in Payment Instructions to Obligors.The Servicer shall not (and shall not permit any Sub-Servicer to) add, replace or terminate any Collection Account (or any related Lock-Box) or make anychange in its instructions to the Obligors regarding payments to be made to the Collection Accounts (or any related Lock-Box), other than any instruction to remit payments to a different Collection Account (or any related Lock-Box), unless the AdministrativeAgentshallhavereceived(i)priorwrittennoticeofsuchaddition,terminationor change and (ii) a signed and acknowledged Collection Account Control Agreement (or an amendment thereto) with respect to such new Collection Accounts (or any related Lock-Box) and the Administrative Agent shall have consented to such change in writing.

Security Interest, Etc.The Servicer shall, at its expense, take all action necessary or desirable to establish and maintain a valid and enforceable first priority perfected securityinterest in the Collateral, in each case free and clear of anyAdverse Claim (other than a Permitted Adverse Claim) in favor of the Administrative Agent (on behalf of the Secured Parties), including taking such action to perfect, protect or more fully evidence the security interest of the Administrative Agent (on behalf of the Secured Parties) as the Administrative AgentoranySecuredPartymayreasonablyrequest.Inordertoevidencethesecurityinterestsof the Administrative Agent under this

Agreement, the Servicer shall, from time to time take such action, or execute and deliver such instruments as may be necessary (including, without limitation,suchactionsasarereasonablyrequestedbytheAdministrativeAgent)tomaintainand perfect, as a first-priority interest, the Administrative Agent’s security interest in theReceivables, Related Security and Collections.The Servicer shall, from time to time and within the time limits established by law, prepare and present to the Administrative Agent for the Administrative Agent’s authorization and approval, all financing statements, amendments, continuations or initial financing statements in lieu of a continuation statement, or other filings necessary to continue, maintain and perfect the Administrative Agent’s security interest as afirst-priority interest.The Administrative Agent’s approval of such filings shall authorize the Servicer to file such financingstatements under the UCC without the signature of the Borrower, anyOriginatorortheAdministrativeAgentwhereallowedbyApplicableLaw.Notwithstanding

anything else in the Transaction Documents to the contrary, the Servicer shall not have any authoritytofileatermination,partialtermination,release,partialrelease,oranyamendmentthat deletes the name of a debtor or excludes collateral of any such financing statements filed in connection with the Transaction Documents, without the prior written consent of the Administrative Agent.

(l)Further Assurances; Change in Name or Jurisdiction of Origination, etc.TheServicerherebyauthorizesandherebyagreesfromtimetotime,atitsownexpense, promptlytoexecute(ifnecessary)anddeliverallfurtherinstrumentsanddocuments,andtotake allfurtheractions,thatmaybenecessaryordesirable,orthattheAdministrativeAgentmay reasonablyrequest,toperfect,protectormorefullyevidencethesecurityinterestgranted pursuant to this Agreement or anyother Transaction Document, or to enable the Administrative Agent (on behalf of the Secured Parties) to exercise and enforce the Secured Parties' rights and remediesunderthisAgreementandtheotherTransactionDocument.    Withoutlimitingthe foregoing,theServicerherebyauthorizes,andwill,upontherequestoftheAdministrative Agent, at the Servicer’s own expense, execute (if necessary) and file such financing statements or continuation statements, or amendments thereto, and such other instruments and documents, that may be necessary or desirable, or that the Administrative Agent mayreasonablyrequest, to perfect, protect or evidence any of the foregoing.

(m)Transaction Information.None of the Servicer, any Affiliate of the Servicer or any third party contracted by the Servicer or any Affiliate thereof, shall deliver, in writing or orally, to any Rating Agency, any Transaction Information without providing such Transaction Information to the applicable Group Agent priortodeliverytosuchRatingAgency, andwillnotparticipateinanyoralcommunicationswithrespecttoTransactionInformationwith any Rating Agency without the participation of such Group Agent.

(n)Anti-CorruptionLaws,Anti-MoneyLaunderingLawsandSanctions.The Servicer will ensurethat policies andprocedures aremaintained and enforced byor onbehalf of each Traeger Party to promote and achieve compliance by the Traeger Parties and each of their Subsidiaries,Affiliatesandtheirrespectivedirectors,officers,employeesandagentswith Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions.

(o)Taxes.The Servicer will timely file all federal and other material Tax returns required to be filed by it and pay, or cause to be paid, all federal and other material Taxes, assessments and other governmental charges, if any, other than Taxes, assessments and other governmental charges being contested in good faith by appropriate proceedings and as to which adequate reserves have been provided in accordance with GAAP.

(p)Commingling.TheServicer will, and will cause each Originatorto, at all times, take commerciallyreasonable actions to ensure that on and aftertheClosing Datethat no funds are deposited into anyCollection Account other than Collections on Pool Receivables.

Anti-CorruptionLaws,Anti-MoneyLaunderingLawsandSanctions.The Servicer will not request any Loan, and shall procure that its Affiliates or its or their respective directors, officers, employees and agents shall not use, the proceeds of any Loan (A)in furtheranceofanoffer,payment,promisetopay,orauthorizationofthepaymentorgivingof

money, or anything else of value, to any Person in violation of any Anti-Corruption Laws or Anti-Money Laundering Laws, (B)for the purpose of funding or financing any activities, business or transaction of or with anySanctioned Person, or in anySanctioned Country, in each case to the extent doing so would violate any Sanctions, or (C)in any other manner that would result in liability to any Person under any applicable Sanctions or result in the violation of any Anti-Corruption Laws, Anti-Money Laundering Laws or Sanctions.

(q)Evading and Avoiding. The Servicer will not engage in, or permit any of its Subsidiaries, Affiliates or any director, officer, employee, agent or other Person acting on behalf of the Servicer or any of its Subsidiaries in any capacity in connection with or directly benefitting from the Agreement to engage in, or to conspire to engage in, any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions.

(r)Use of Proceeds. Traeger shall not directly or indirectly (including any amounts representing the purchase price paid to Traeger bythe Borrower for Receivables under the Purchase and Sale Agreement) use any proceeds of Loans to make any substantially concurrent“RestrictedPayments”(asdefinedintheFirstLienCreditAgreement)toanyPerson.

SECTION7.03.Separate Existence of the Borrower.Each of the Borrower and the ServicerherebyacknowledgesthattheSecuredParties,theGroupAgentsandtheAdministrative Agent are entering into the transactions contemplated by this Agreement and the other Transaction Documents in reliance upon the Borrower’s identity as a legal entity separate from any other Traeger Partyand their Affiliates.Therefore, the Borrower and Servicer shall take all stepsspecificallyrequiredbythisAgreementorreasonablyrequiredbytheAdministrativeAgent or anyGroup Agent to continue the Borrower’s identityas a separate legal entityand to make it apparent to third Persons that the Borrower is an entity with assets and liabilities distinct from those of anyother Traeger Partyand anyotherPerson, and is not adivision ofanyTraegerParty or any of its Affiliates or any other Person. Without limiting the generality of the foregoing and in addition to and consistent with the other covenants set forth herein, the Borrower and the Servicer shall take such actions as shall be required in order that:

(a)Special Purpose Entity.The Borrower willbe aspecialpurpose company whose primary activities are restricted in its Organizational Documents to: (i) purchasing or otherwiseacquiringfromtheOriginators,owning,holding,collecting,grantingsecurityinterests or selling interests in, the Collateral, (ii) entering into agreements for the selling, servicing and financing of the Receivables Pool (including the Transaction Documents) and (iii) conducting such other activities as it deems necessary or appropriate to carryout its primaryactivities.

(b)No Other Business or Debt.The Borrower shall not engage, directly or indirectly, in anybusiness other than the actions required orpermitted to beperformedunderits Organizational Documents or the Transaction Documents.The Borrower shall not incur, create or assume any indebtedness except as expressly permitted under the Transaction Documents.

Independent Director.Not fewer than one member of the Borrower’s board ofdirectors (the “Independent Director”)shall be anaturalperson who (i)hasneverbeen,

and shall at no time be, an equityholder, director, officer, manager, member, partner, officer, employee or associate, or any relative of the foregoing, of any member of the Parent Group (as hereinafter defined) (other than his or her service as an Independent Director of the Borrower or an independent director of any other bankruptcy-remote special purpose entity formed for the sole purpose of securitizing, or facilitating the securitization of, financial assets of any member or members of the Parent Group), (ii) is not a customer or supplier of any member of the Parent Group (other than his or her service as an Independent Director of the Borrower or an independent director of any other bankruptcy-remote special purpose entity formed for the sole purpose of securitizing, or facilitating the securitization of, financial assets of any member or members of the Parent Group), (iii) is not any member of the immediate family of a person described in (i)or (ii)above, and (iv) has (x) prior experience as an independent director for a corporation or limited liability company whose organizational or charter documents required the unanimous consent of all independent directors thereof before such corporation or limited liability company could consent to the institution of bankruptcy or insolvency proceedings against it or could file a petition seeking relief under any applicable federal or state law relating to bankruptcy and (y) at least three years of employment experience with one or more entities that provide, in the ordinary course of their respective businesses, advisory, management or placement services to issuers of securitization or structured finance instruments, agreements or securities.For purposes of this clause(c), “Parent Group” shall mean (i) theParent, theServicer and each Originator, (ii) each person that directly or indirectly, owns or controls, whether beneficially, or as a trustee, guardian or other fiduciary, five percent (5%) or more of the membership interests in the Parent, (iii) each person that controls, is controlled by or is under common control with the Parent and (iv) each of such person’s officers, directors, managers, joint venturers and partners.For the purposes of this definition, “control” of a person means the possession,directlyorindirectly,ofthepowertodirectorcausethedirectionofthemanagement andpoliciesofapersonorentity,whetherthroughtheownershipofvotingsecurities,bycontract orotherwise.Apersonshallbedeemedtobean“associate”of(A)acorporationororganization of which such person is an officer, director, partner or manager or is, directly or indirectly, the beneficial owner of ten percent (10%) or more of any class of equity securities, (B) any trust or other estate in which such person serves as trustee or in a similar capacityand (C) anyrelative or spouse of a person described in clause (A)or (B)of this sentence, or anyrelative of such spouse.

The Borrower shall (A) give written notice to the Administrative Agent of the election or appointment, or proposed election or appointment, of a new Independent Director of the Borrower,whichnoticeshallbegivennotlaterthanten(10)BusinessDayspriortothedatesuch appointment or election would be effective (except when such election or appointment is necessary to fill a vacancy caused by the death, disability, or incapacity of the existing Independent Director, or the failure of such Independent Director to satisfy the criteria for an Independent Director set forth in the Borrower’s Organizational Documents, in which case the Borrower shall provide written notice of such election or appointment within one (1) Business Day) and (B) with any such written notice, certify to the Administrative Agent that the Independent Director satisfies such criteria for an Independent Director.

The Borrower’s Organizational Documents shall provide that, among other things: (A) the Borrower’s board of directors shall not approve, or take any other action to cause the filing of, avoluntarybankruptcypetition with respect totheBorrowerunlesstheIndependentDirector shallapprovethetakingofsuchactioninwritingbeforethetakingofsuchactionand(B)such

provisionandeachotherprovisionrequiringanIndependentDirectorcannotbeamendedwithout the prior written consent of the Independent Director.

NoIndependentDirectorshallatanytimeserveasatrusteeinbankruptcyforany Traeger Party or any of their respective Affiliates.

(c)Organizational Documents.The Borrower shall maintain its Organizational Documents in conformity with this Agreement, such that it does not amend, restate, supplement or otherwise modify its ability to comply with the terms and provisions of any of the Transaction Documents, including, without limitation, Section 7.01 (q).

(d)Conduct of Business.The Borrower shall conduct its affairs strictly in accordance with its Organizational Documents and observe all necessary, appropriate and customary company formalities, including, but not limited to, holding all regular and special members’ andboard ofdirectors’meetings appropriate toauthorizeallcompanyaction,keeping separate and accurate minutes of its meetings, passing all resolutions or consents necessary to authorize actions taken or to betaken, andmaintaining accurateandseparatebooks,recordsand accounts, including, but not limited to, payroll and intercompanytransaction accounts.

(e)Employees.TheBorrowershallnothaveanyemployees.

(f)Compensation.Any employee, consultant or agent of the Borrower will be compensated from the Borrower’s funds for services provided to the Borrower, and to the extent that the Borrower shares the same officers or other employees as the Servicer (or any other Affiliate thereof), the salaries and expenses relating to providing benefits to such officers andotheremployeesshallbefairlyallocatedamongsuchentities,andeachsuchentityshallbear its fair share of the salary and benefit costs associated with such common officers and employees.TheBorrowerwill notengageanyagents otherthan its attorneys, auditors andother professionals,andaservicerandanyotheragentcontemplatedbytheTransactionDocumentsfor theReceivablesPool,whichservicerwillbefullycompensatedforitsservicesbypaymentofthe Servicing Fee.

(g)Servicing and Costs.The Borrower will contract with the Servicer to performfortheBorroweralloperationsrequiredonadailybasistoservicetheReceivablesPool. TheBorrowerwillnotincuranyindirectoroverheadexpensesforitemssharedwiththeServicer (or any other Affiliate thereof) that are not reflected in the Servicing Fee.To the extent, if any, that the Borrower (or any Affiliate thereof) shares items of expenses not reflected in the Servicing Fee, such as legal, auditing and other professional services, such expenses will be allocated to the extent practical on the basis of actual use or the value of services rendered, and otherwise on a basis reasonablyrelated to the actual use or the value of services rendered.

(h)Operating Expenses.The Borrower shall pay its operating expenses and liabilities from its own assets.

Stationery.TheBorrowerwilluse,totheextentused,separatestationery, invoices and checks.

(i)Books and Records.The Borrower’s books and records will be maintainedseparatelyfrom those of theother TraegerParties and anyoftheir Affiliates and in a manner such that it will not bedifficult orcostlytosegregate,ascertain orotherwiseidentifythe assets and liabilities of the Borrower.

(j)DisclosureofTransactions.AllfinancialstatementsoftheTraegerParties or any Affiliate thereof that are consolidated to include the Borrower will disclose that (i) the Borrower’s sole business consists of thepurchase or acceptancethrough capital contributions of the Receivables and Related Rights from the Originators and the subsequent retransfer of or granting of a security interest in such Receivables and Related Rights to the Administrative Agent pursuant to this Agreement, (ii) the Borrower is a separate legal entity with its own separate creditors who will be entitled, upon its liquidation, to be satisfied out of theBorrower’s assets prior to any assets or value in the Borrower becoming available to the Borrower’s equity holders and (iii) the assets of theBorrower are not available to paycreditors of theotherTraeger Parties or any Affiliate thereof.

(k)Segregation of Assets.The Borrower’s assets will be maintained in a mannerthatfacilitatestheiridentificationandsegregationfromthoseoftheotherTraegerParties or any Affiliates thereof.

(l)CorporateFormalities.TheBorrowerwillstrictlyobservelimitedliability companyformalitiesinitsdealingswiththeServicer,theParent,theOriginatorsoranyAffiliates thereof, and funds or other assets of the Borrower will not be commingled with those of the Servicer, the Parent, the Originators or any Affiliates thereof except as permitted by this Agreement in connection with servicing the Pool Receivables.The Borrower shall not maintain joint bank accounts or other depository accounts to which the Servicer, the Parent, the Originators or any Affiliate thereof (other than the Servicer solely in its capacity as such) has independent access.The Borrower is not named, and the Borrower has not entered into any agreement to be named, directly or indirectly, as a direct or contingent beneficiaryor loss payee on any insurance policy with respect to any loss relating to the property of the Servicer, the Parent, the Originators or any Subsidiaries or other Affiliates thereof.The Borrower will payto the appropriate Affiliate the marginal increase or, in the absence of such increase, the market

amountofitsportionofthepremiumpayablewithrespecttoanyinsurancepolicythatcoversthe Borrower and such Affiliate.

Arm’s-Length Relationships.The Borrower will maintain arm’s-length relationships with each of the other Traeger Parties and anyAffiliates thereof.AnyPerson that renders or otherwise furnishes services to the Borrower will be compensated bythe Borrower at market rates for such services it renders or otherwise furnishes to the Borrower.Neither the Borrower on the one hand, nor any other Traeger Party or any Affiliate thereof, on the other hand,will beorwill holditselfouttoberesponsibleforthedebtsoftheotherorthedecisionsor actions respecting the daily business and affairs of the other.Each Traeger Party and their respective Affiliates will immediately correct any known misrepresentation with respect to the foregoing, and they will not operate or purport to operate as an integrated single economic unit with respect to each other or in their dealing with any other entity.

(m)Allocation of Overhead.To the extent that Borrower, on the one hand, and each of the other Traeger Parties or any Affiliate thereof, on the other hand, have offices in the same location, there shall be a fair and appropriate allocation of overhead costs between them,andtheBorrowershallbearitsfairshareofsuchexpenses,whichmaybepaidthroughthe Servicing Fee or otherwise.

ARTICLE VIII ADMINISTRATIONANDCOLLECTION

OF RECEIVABLES

SECTION8.01.AppointmentoftheServicer.

(a)The servicing, administering and collection of the Pool Receivables shall be conducted by the Person so designated from time to time as the Servicer in accordance with this Section 8.01.Until the Administrative Agent gives notice to Traeger (in accordance with this Section 8.01) of the designation of a new Servicer, Traeger is hereby designated as, and herebyagreestoperformthedutiesandobligationsof,theServicerpursuanttothetermshereof. Upon the occurrence of an Event of Default, the Administrative Agent may(withthe consentof the Majority Group Agents) and shall (at the direction of the MajorityGroup Agents) designate as Servicer any Person (including itself) to succeed Traeger or any successor Servicer, on the condition in each case that any such Person so designated shall agree to perform the duties and obligations of the Servicer pursuant to the terms hereof.

(b)Upon the designation of a successor Servicer as set forth in clause (a)above, Traeger agrees that it will terminate its activities as Servicer hereunder in a manner that the Administrative Agent reasonablydetermines will facilitate the transition of the performance of such activities to the new Servicer, and Traeger shall cooperate with and assist such new Servicer. Such cooperation shall include access to and transfer of records (including all Contracts) related to Pool Receivables and use by the new Servicer of all licenses (or the obtainingofnewlicenses),hardware or softwarenecessaryorreasonablydesirabletocollect the Pool Receivables and the Related Security.

(c)Traeger acknowledges that, in making its decision to execute and deliver this Agreement, the Administrative Agent and each member in each Group have relied on Traeger’s agreement to act as Servicer hereunder.Accordingly, Traeger agrees that it will not voluntarilyresign as Servicer without the prior written consent of the Administrative Agent and the Majority Group Agents.

(d)The Servicer may delegate its duties and obligations hereunder to any subservicer(eacha“Sub-Servicer”);provided,that,ineachsuchdelegation:(i)such Sub-Servicer shall agree in writing to perform the delegated duties and obligations of the Servicer pursuant to thetermshereof, (ii) the Servicer shall remainliablefortheperformanceof the duties and obligations so delegated, (iii) the Borrower, the Administrative Agent, each LenderandeachGroupAgentshallhavetherighttolooksolelytotheServicerforperformance,

(iv) the terms of any agreement with any Sub-Servicer shall provide that the Administrative Agent may terminate such agreement upon the termination of the Servicer hereunder by giving

notice of its desire to terminate such agreement to the Servicer (and the Servicer shall provide appropriate notice to each such Sub-Servicer) and (v) if such Sub-Servicer is not an Affiliate of the Parent, the Administrative Agent and the Majority Group Agents shall have consented in writing in advance to such delegation.

SECTION8.02.DutiesoftheServicer.

(a)The Servicer shall take or cause to be taken all such action as may be necessary or reasonably advisable to service, administer and collect each Pool Receivable from time to time, all in accordance with this Agreement and all Applicable Laws, with reasonable care and diligence, and in accordance with the Credit and Collection Policy and consistent with the past practices of the Originators.The Servicer shall set aside, for the accounts of each Group, the amount of Collections to which each such Group is entitled in accordance with Article IIIhereof.The Servicer may, in accordance with the Credit and Collection Policy and consistent with past practices of the Originators, take such action, including modifications, waivers or restructurings of Pool Receivables and related Contracts, as the Servicer may reasonably determine to be appropriate to maximize Collections thereof or reflect adjustments expressly permitted under the Credit and Collection Policy or as expressly required under Applicable Laws or the applicable Contract; provided, that for purposes of this Agreement: (i) such action shall not, and shall not be deemed to, change the number of days such Pool Receivable has remained unpaid from the original due date or invoice date of such Pool Receivable, (ii) such action shall not alter the status of such Pool Receivable as a Delinquent Receivable or a Defaulted Receivable or limit the rights of any Secured Party under this Agreement or anyother Transaction Document and (iii) if an Event of Default hasoccurred and is continuing, the Servicer may take such action only upon the prior written consent of the AdministrativeAgent.TheBorrowershalldeliverto theServicerandtheServicershallholdfor the benefit of the Administrative Agent (individually and for the benefit of each Group), in accordance with their respective interests, all records and documents (including computer tapes or disks) with respect to each Pool Receivable. Notwithstanding anything to the contrary contained herein, if an Event of Default has occurred and is continuing, the Administrative

AgentmaydirecttheServicertocommenceorsettleanylegalactiontoenforcecollectionofany Pool Receivable that is a Defaulted Receivable or to foreclose upon or repossess any Related Security with respect to any such Defaulted Receivable.

(b)The Servicer shall, as soon as practicable following actual receipt of collected funds, turn over to the Borrower the collections of anyindebtedness that is not a Pool Receivable, less, if Traeger or an Affiliate thereof is not the Servicer, all reasonable and appropriate out-of-pocket costs and expenses of such Servicer of servicing, collecting and administering such collections. The Servicer, if other than Traeger or an Affiliate thereof, shall, as soon as practicable upon demand, deliver to the Borrower all records in its possession that evidence or relate to any indebtedness that is not a Pool Receivable, and copies of records in its possession that evidence or relate to any indebtedness that is a Pool Receivable.

The Servicer’s obligations hereunder shall terminate on the Final Payout Date.Promptly following the FinalPayoutDate, the Servicer shalldeliver to the Borrower all

books, records and related materials that the Borrower previously provided to the Servicer, orthat have been obtained by the Servicer, in connection with this Agreement.

SECTION8.03.Collection Account.Prior to theClosingDate, theBorrowershall have entered into Collection Account Control Agreements with all of the Collection Account Banks and delivered executed counterparts of each to the Administrative Agent.Upon the occurrence and during the continuance of an Event of Default or a Level 1 Liquidity Shortfall, the Administrative Agent may (with the consent of the Majority Group Agents) and shall (upon the direction of the Majority Group Agents) at any time thereafter give notice to each Collection Account Bank that the Administrative Agent is exercising its rights under the CollectionAccount Control Agreements to do any or all of the following: (a) to have the exclusive dominionandcontroloftheCollectionAccountstransferredtotheAdministrativeAgent(forthe benefit of the Secured Parties) and to exercise exclusive dominion and control over the funds deposited therein (for thebenefit of theSecuredParties),(b)tohavetheproceeds thataresent to the respective Collection Accounts redirected pursuant to the Administrative Agent’s instructions rather than deposited in the applicable Collection Account and (c) to take anyor all other actions permitted under the applicable Collection Account Control Agreement.The Borrower and the Servicer hereby agrees that if the Administrative Agent at any time takes any action set forth in the precedingsentence, the Administrative Agent shall have exclusive control (for the benefit of the Secured Parties) of the proceeds (including Collections) of all Pool ReceivablesandtheBorrowerandtheServicerherebyfurtheragreestotakeanyotheractionand to cause each Originator to take any other action, in each case, that the Administrative Agent may reasonably request to transfer such control.Anyproceeds of Pool Receivables received by the Borrower or the Servicer thereafter shall be sent immediately to, or as otherwise instructed by, the Administrative Agent.

SECTION8.04.EnforcementRights.

(a)At any time following the occurrence and during the continuation of anEvent of Default:

(i)the Administrative Agent (at the Borrower’s expense) may direct the Obligors that payment of all amounts payable under any Pool Receivable is to be made directly to the Administrative Agent or its designee;

(ii)the Administrative Agent may instruct the Borrower or the Servicer to give notice of the Secured Parties’ interest in Pool Receivables to each Obligor, which notice shall direct that payments be made directly to the Administrative Agent or its designee (on behalf of the Secured Parties), and the Borrower or the Servicer, as the case maybe, shall givesuch noticeat theexpense of theBorrower or the Servicer, as the case may be; provided, that if the Borrower or the Servicer, as the case may be, fails to so notify each Obligor within two (2) Business Days following instruction by the Administrative Agent, the Administrative Agent (at the Borrower’s or the Servicer’s, as the case may be, expense) may so notify the Obligors;

the Administrative Agent may request the Servicer to, and upon such request the Servicer shall: (A) assemble all of the records necessary or desirable to

collect the Pool Receivables and the Related Security, and transfer or license to a successor Servicer the use of all software necessary or desirable to collect the Pool Receivables andtheRelatedSecurity,andmakethesameavailabletotheAdministrative Agent or its designee (for the benefit of the Secured Parties) at a place selected by the Administrative Agent and (B) segregate all cash, checks and other instruments received byit from time to time constituting Collections in amanner reasonablyacceptable to the Administrative Agent and, promptly upon receipt, remit all such cash, checks and instruments, duly endorsed or with duly executed instruments of transfer, to the Administrative Agent or its designee;

(iii)notifytheCollectionAccountBanksthatnoTraegerPartywillany longer have any access to the Collection Accounts;

(iv)the Administrative Agent may(or, at the direction of the Majority Group Agents shall) replace the Person then acting as Servicer; and

(v)the Administrative Agent may collect any amounts due from an OriginatorunderthePurchaseandContributionAgreementorthePerformanceGuarantor under the Performance Guaranty.

For the avoidance of doubt, the foregoing rights and remedies of the AdministrativeAgentuponanEventofDefaultareinadditiontoandnotexclusiveofthe rights and remedies contained herein and under the other Transaction Documents.

(b)The Borrower hereby authorizes the Administrative Agent (on behalf of the Secured Parties), and irrevocably appoints the Administrative Agent as its attorney-in-fact with full power of substitution and with full authority in the place and stead of the Borrower, which appointment is coupled with an interest, to take any and all steps in the name of the Borrower and on behalf of the Borrower necessaryor desirable, in the reasonable determination of the Administrative Agent, after the occurrence and during the continuation of an Event of Default, to

collect any and all amounts or portions thereof due under any and all Collateral, including endorsing the name of the Borrower on checks and other instruments representing CollectionsandenforcingsuchCollateral.Notwithstandinganythingtothecontrarycontainedin this subsection, none of the powers conferred upon such attorney-in-fact pursuant to the preceding sentence shall subject such attorney-in-fact to any liability if any action taken by it shallprovetobeinadequateor invalid,nor shallthey confer any obligationsuponsuch attorney-in-fact in any manner whatsoever.

TheServicerherebyauthorizestheAdministrativeAgent(onbehalfofthe Secured Parties), and irrevocably appoints the Administrative Agent as its attorney-in-fact with full power of substitution and with full authority in the place and stead of the Servicer, which appointment is coupled with an interest, to take anyand all steps in the name of theServicerand on behalf of the Servicer necessary or desirable, in the reasonable determination of the AdministrativeAgent,aftertheoccurrenceandduringthecontinuationofanEventofDefault,to collect any and all amounts or portions thereof due under any and all Collateral, including endorsingthenameoftheServiceronchecksandotherinstrumentsrepresentingCollectionsand enforcingsuchCollateral.Notwithstandinganythingtothecontrarycontainedinthissubsection,

noneofthepowersconferreduponsuchattorney-in-factpursuanttotheprecedingsentenceshall subject such attorney-in-fact toanyliabilityifanyactiontaken byitshallproveto beinadequate or invalid, nor shall they confer any obligations upon such attorney-in-fact in any manner whatsoever.

SECTION8.05.ResponsibilitiesoftheBorrower.

(a)Anything herein to the contrary notwithstanding, the Borrower shall: (i) perform all of its obligations, if any, under the Contracts related to the Pool Receivables to the same extent as if interests in such Pool Receivables had not been transferred hereunder, and the exercise by the Administrative Agent, or any other Credit Party of their respective rights hereundershall notrelievetheBorrower fromsuchobligationsand(ii)paywhendueanyTaxes, includinganysalestaxes,payableinconnectionwiththePoolReceivablesandtheircreationand satisfaction. None of the Credit Parties shall have any obligation or liability with respect to any Collateral, nor shall any of them beobligated to perform anyof theobligations of the Borrower, the Servicer or any Originator thereunder.

(b)Traegerherebyirrevocablyagreesthatifatanytimeitshallceasetobethe Servicer hereunder, it shall act (if the then-current Servicer so requests) as the data-processing agent of the Servicer and, in such capacity, Traeger shall conduct the data-processing functions of the administration of the Receivables and the Collections thereon in substantially the same way that Traeger conducted such data-processing functions while it acted as the Servicer.In connection with any such processing functions, the Borrower shall payto Traeger its reasonable out-of-pocket costs and expenses from the Borrower’s own funds (subject to the priority of payments set forth in Section 3.01).

SECTION8.06.ServicingFee.

(a)Subject to clause (b)below, the Borrowershall paytheServicer afee(the “Servicing Fee”) equal to 1.00% per annum (the “Servicing Fee Rate”) of the average of the aggregate Unpaid Balance of the Pool Receivables on the first dayof the Settlement Period and the last dayof theSettlement Period.Accrued Servicing Fees shall bepayablefrom Collections to the extent of available funds in accordance with Section 3.01(a).

(b)If the Servicer ceases to be Traeger or an Affiliate thereof, the Servicing Fee shall be the greater of: (i) the amount calculated pursuant to clause (a)above and (ii) an alternative amount specified by the successor Servicer not to exceed 110% of the aggregate reasonable costs and expenses incurred by such successor Servicer in connection with the performance of its obligations as Servicer hereunder.

ARTICLE IX EVENTSOFDEFAULT

SECTION9.01.EventsofDefault.Ifanyofthefollowingevents(eachan“Eventof

Default”)shalloccur:

(a)(i)anyTraegerPartyshallfailtoperformorobserveanyterm,covenantor agreementunderthisAgreementoranyotherTransactionDocument(otherthananysuchfailure which would constitute an Event of Default under paragraph (c)or clause (ii)or (iii)of this paragraph(a)),andsuchfailure,solely totheextentcapableofcure,shallcontinueforfifteen

(15)days,(ii)anyTraegerPartyshallfailtomakeanypaymentordepositortransferanymonies to be made byit hereunder or under anyother Transaction Document as and whendue andsuch failureisnotremediedwithintwo(2)BusinessDaysor(iii)TraegershallresignasServicer,and no successor Servicer reasonably satisfactory to the Administrative Agent shall have been appointed;

(b)any representation or warranty made or deemed made by any Traeger Party under this Agreement or any other Transaction Document (including in any report or certificate required to be delivered under any Transaction Document), shall prove to have been incorrect or untrue in anymaterial respect when made or deemed made;

(c)the Borrower or the Servicer shall fail to deliver a Monthly Report or InterimReportpursuanttothisAgreement,andsuchfailureshallremainunremediedfortwo(2) Business Days;

(d)thisAgreementoranysecurityinterestgrantedpursuanttothisAgreement or any other Transaction Document shall for any reasoncease to create, or for any reason cease to be, a valid and enforceable first priority perfected security interest in favor of the AdministrativeAgent withrespect toanyportion oftheCollateral,freeandclearofanyAdverse Claim other than Permitted Adverse Claims;

(e)(i) any Traeger Party shall generally not pay its debts as such debts become due, or shall admit in writing its inability to pay its debts generally, (ii) any Traeger Partyshall

makeageneralassignmentforthebenefitofcreditors,(iii)anyTraegerPartyshallbe subject to an Event of Bankruptcy or (iv) any Traeger Party shall take any corporate or organizational action to authorize anyof the actions set forth above in this paragraph;

(f)the average of the Dilution Ratios for the three preceding Fiscal Months shall at any time exceed 12.00%;

(g)the Days Sales Outstanding shall at any time exceed 70ninety (90)days (or, solely with respect to the three Fiscal Months preceding each of July 31, 2022, August 31, 2022, September 30, 2022 and October 31, 2022, 95 days);

(h)the average Delinquency Ratios for any three (3) consecutive Fiscal Months shall exceed8.00% (or,solelywithrespect to thethreeFiscalMonthsprecedingeach of July31, 2022, August 31, 2022, September 30, 2022 and October 31, 2022, 20.00%);

(i)the averageofthe LossRatios forthethreepreceding FiscalMonthsshall at any time exceed 4.50% (or, solely with respect to the three Fiscal Months preceding June 30, 2022, 6.00%);

aChangeinControlshalloccur;

(j)a Borrowing Base Deficit shall occur, and shall not have been cured within two (2) Business Days;

(k)(i) Borrower shall fail to pay any principal of or premium or interest on any of its Debt when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after theapplicablegraceperiod,ifany,specifiedintheagreement,mortgage,indentureorinstrument relating to such Debt (whether or not such failure shall have been waived under the related agreement); (ii) any Traeger Party, or any of their respective Subsidiaries, individuallyor in the aggregate, shall fail to pay any principal of or premium or interest on any of its Debt that is outstanding in a principal amount of at least the Threshold Amount in the aggregate when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement, mortgage, indenture or instrument relating to such Debt (whether or not such failure shall have been waived under the related agreement); (iii) any other event shall occur or condition shall exist under any agreement, mortgage, indenture or instrument relating to any such Debt (as referred to in clause (i)or (ii)of this paragraph) and shall continue after the applicable grace period, if any, specified in such agreement, mortgage, indenture or instrument (whether or not such failure shall have been waived under the related agreement), iftheeffect ofsuchevent orcondition is togivetheapplicabledebtholders theright (whetheracteduponornot)toacceleratethematurityofsuchDebt(asreferredtoinclause(i)or

(ii)of this paragraph) or to terminate the commitment of any lender thereunder, (iv) any such Debt(asreferredtoinclause(i)or(ii)ofthisparagraph)shallbedeclaredtobedueandpayable, or required to be prepaid (other than by a regularly scheduled required prepayment), redeemed, purchased or defeased, or an offer to repay, redeem, purchase or defease such Debt shall be required to be made or the commitment of anylenderthereunderterminated, ineach casebefore

the stated maturity thereof or (v) any “Event of Default” (as defined in the Credit Agreement) shall occur under the Credit Agreement;

(l)the Borrower shall fail (x) at any time (other than for ten (10) Business Days following notice of the death or resignation of any Independent Director) to have an Independent Director who satisfies each requirement and qualification specified in Section7.03(c)ofthis Agreement for Independent Directors,onthe Borrower’sboardofdirectorsor (y) totimelynotifytheAdministrativeAgentofanyreplacementorappointmentofanydirectorthat is to serve as an Independent Director on the Borrower’s board ofdirectors as requiredpursuant to Section 7.03(c)of this Agreement;

(m)[Reserved];

(n)either(i)theInternalRevenueServiceshallfilenoticeofalienpursuantto Section 6323 of the Code with regard to any assets of any Traeger Party or (ii) the PBGC shall, or shall indicate its intention to, file notice of a lien pursuant to Section 4068 or Section 3030(k) of ERISA with regard to any of the assets of any Traeger Party;

thereoccursanyERISAEventthat,individuallyorintheaggregate,would reasonably be expected to result in a Material Adverse Effect;

(o)either (i) a Purchase and Contribution Termination Event shall occurunderthePurchaseandContributionAgreement,(ii)Receivablesceasebeingsoldorcontributed by any Originator to the Borrower pursuant to the Purchase and Contribution Agreement or (iii) Traeger shall have notified the Borrower or the Administrative Agent in writing pursuant to Section2.4(e)ofthePurchaseandContributionAgreementthatithaselectednottomakefurther capital contributions of Receivables to the Borrower;

(p)the Borrower shall (i) be required to register as an “investment company” within the meaning of the Investment Company Act or (ii) become a “covered fund” within the meaning of the Volcker Rule;

(q)anyprovision of this Agreementor anyother Transaction Documentshall cease to be in full force and effect or any Traeger Party (or any of their respective Affiliates) shall so state in writing;

(r)the performance byanyTraeger Partyof anyprovision of this Agreement or anyother Transaction Document shall conflict with or violate anyApplicable Law; or

(s)(i)oneormorejudgmentsordecreesshallbeenteredagainsttheBorrower by a court of competent jurisdiction or (ii) one or more judgments or decrees shall be entered against any Traeger Party or any Affiliate thereof by a court of competent jurisdiction involving in the aggregate a liability (not paid or, subject to customary deductibles, fully covered by insurance as to which therelevant insurance companyhas not denied coverage) of theThreshold Amount or more, and all such judgments or decrees shall not have been vacated, discharged, stayed or bonded pending appeal within 60 days from the entry thereof unless, in the case of a discharge, such judgment or decree is due at a later date in one or more payments and any

Traeger Party or such Affiliate satisfies the obligation to make such payment or payments on or prior to the date such payment or payments become due in accordance with such judgment or decree;

then, and in any such event, the Administrative Agent may (or, at the direction of the Majority GroupAgentsshall)bynoticetotheBorrower(x)declaretheTerminationDatetohaveoccurred (in which case the Termination Date shall be deemed to have occurred), (y) declare the Final Maturity Date to have occurred (in which case the Final Maturity Date shall be deemed to have occurred) and (z) declare the Aggregate Capital and all other Borrower Obligations to be immediately due and payable (in which case the Aggregate Capital and all other Borrower Obligations shall be immediately due and payable); providedthat, automatically upon the occurrence of any event (without any requirement for the giving of notice) described in subsection(e)ofthisSection9.01withrespecttotheBorrower,theTerminationDateshalloccur and the Aggregate Capital and all other Borrower Obligations shall be immediately due and payable.Upon any such declaration or designation or upon such automatic termination, the Administrative Agent and the other Secured Parties shall have, in addition to the rights and remedies which they may have under this Agreement and the other Transaction Documents, all otherrightsandremediesprovidedafterdefaultundertheUCCandunderotherApplicableLaw, which rights and remedies shall be cumulative.Any proceeds from liquidation of the Collateral shall be applied in the order of priority set forth in Section 3.01.

ARTICLE X

THEADMINISTRATIVEAGENT

SECTION10.01.Authorization and Action.Each Credit Party hereby appoints and authorizes the Administrative 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 by the terms hereof, together with such powers as are reasonably incidental thereto.The Administrative Agent shall not have any duties other than those expressly set forth in the Transaction Documents, and no implied obligations or liabilities shall be read into any Transaction Document,orotherwiseexist,againsttheAdministrativeAgent.TheAdministrativeAgentdoes not assume, nor shall it be deemed to have assumed, anyobligation to, or relationship of trust or agencywith, the Borrower or anyAffiliatethereof or anyCredit Partyexcept for anyobligations expressly set forth herein.Notwithstanding any provision of this Agreement or any other Transaction Document, in no event shall the Administrative Agent ever be required to take any action which exposes the Administrative Agent to personal liability or which is contrary to any provision of any Transaction Document or Applicable Law.

SECTION10.02.Administrative Agent’s Reliance, Etc.Neither the Administrative Agent nor any of its directors, officers, agents or employees shall be liable for any action taken or omitted to be taken by it or them as Administrative Agent under or in connection with this Agreement(including,withoutlimitation,theAdministrativeAgent’sservicing,administeringor collecting Pool Receivables in the event it replaces the Servicer in such capacity pursuant to Section 8.01),intheabsenceofitsortheirowngrossnegligenceorwillfulmisconduct.Without limiting the generality of the foregoing, the Administrative Agent: (a) may consult with legal counsel (including counsel for any Credit Party or the Servicer), independent certified public

accountants and other experts selected by it and shall not be liable for any action taken oromittedtobetakeningoodfaithbyitinaccordancewiththeadviceofsuchcounsel,accountants or experts; (b) makes no warrantyor representation to anyCredit Party(whether written or oral) and shall not be responsible to anyCredit Partyfor anystatements, warranties or representations (whether written or oral) made by any other party in or in connection with this Agreement; (c) shall not have any duty to ascertain or to inquire as to the performance or observance of any of theterms,covenantsorconditionsofthisAgreementonthepartofanyCredit Partyortoinspect theproperty(includingthebooksandrecords)ofanyCreditParty;(d)shallnotberesponsibleto anyCredit Partyfor the due execution, legality, validity,enforceability,genuineness,sufficiency or value of this Agreement or any other instrument or document furnished pursuant hereto; and

(e) shall be entitled to rely, and shall be fullyprotected in so relying,upon anynotice (including notice by telephone), consent, certificate or other instrument or writing (which may be by facsimile) believed byit to be genuine and signed or sent bythe proper partyor parties.

SECTION10.03.Administrative Agent and Affiliates.With respect to any Credit Extension or interests therein owned by any Credit Party that is also the Administrative Agent, such Credit Party shall have the same rights and powers under this Agreement as any other Credit Party and may exercise the same as though it were not the Administrative Agent.The AdministrativeAgentandanyofitsAffiliatesmaygenerallyengageinanykindofbusinesswith the Borrower or any Affiliate thereof and any Person who may do business with or own securitiesoftheBorroweroranyAffiliatethereof,allasiftheAdministrativeAgentwerenotthe

Administrative Agent hereunder and without any duty to account therefor to any other Secured Party.

SECTION10.04.Indemnification of Administrative Agent.Each Committed Lender agrees to indemnify the Administrative Agent (to the extent not reimbursed by the Borrower or anyAffiliatethereof), ratablyaccordingtotherespectivePercentageofsuchCommitted Lender, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of anykind or nature whatsoever which may be imposed on, incurred by, or asserted against the Administrative Agent in anywayrelating to or arising out of this Agreement or any other Transaction Document or any action taken or omitted bythe Administrative Agent under this Agreement or anyother Transaction Document; providedthatnoCommittedLendershallbeliableforanyportionofsuchliabilities,obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s gross negligence or willful misconduct.

SECTION10.05.Delegation of Duties.The Administrative Agent may execute any of itsdutiesthroughagentsorattorneys-in-factandshallbeentitledtoadviceofcounselconcerning all matters pertaining to such duties.The Administrative Agent shall not be responsible for the negligence or misconduct of anyagents or attorneys-in-fact selected byit with reasonable care.

SECTION10.06.Action or Inaction by Administrative Agent.The Administrative Agent shall in all cases be fully justified in failing or refusing to take action under any Transaction Document unless it shall first receive such advice or concurrence of the Group Agents or the Majority Group Agents, as the case may be, and assurance of its indemnification

bytheCommitted Lenders, as it deems appropriate.The Administrative Agentshall inallcases be fully protected in acting, or in refraining from acting, under this Agreement or any other Transaction Document in accordance with a request or at the direction of the Group Agents or the Majority Group Agents, as the case may be, and such request or direction and any action taken or failure to act pursuant thereto shall be binding upon all Credit Parties.The Credit Parties and the Administrative Agent agree that unless any action to be taken by the Administrative Agent under a Transaction Document (i) specifically requires the advice or concurrence of all Group Agents or (ii) may be taken by the Administrative Agent alone or without anyadvice or concurrence of anyGroupAgent,then theAdministrativeAgentmaytake action based upon the advice or concurrence of the MajorityGroup Agents.

SECTION10.07.Notice of Events of Default; Action by Administrative Agent.The Administrative Agent shall not bedeemed to haveknowledge or notice of theoccurrence of any Unmatured Event of Default or Event of Default unless the Administrative Agent has received notice from any Credit Party or the Borrower stating that an Unmatured Event of Default or Event of Default has occurred hereunder and describing such Unmatured Event of Default or Event of Default.If the Administrative Agent receives such a notice, it shall promptly give notice thereof to each Group Agent, whereupon each Group Agent shall promptly give notice thereof to its respective Conduit Lender(s) and Related Committed Lender(s).The Administrative Agent may(butshall not beobligatedto)takesuchaction, orrefrainfromtaking such action, concerning an Unmatured Event of Default or Event of Default or anyother matter

hereunder as the Administrative Agent deems advisable and in the best interests of the Secured Parties.

SECTION10.08.Non-RelianceonAdministrativeAgentandOtherParties.EachCredit Party expressly acknowledges that neither the Administrative Agent nor any of its directors, officers, agents or employees has made anyrepresentations or warranties to it and that no act by the Administrative Agent hereafter taken, including any review of the affairs of the Borrower or any Affiliate thereof, shall be deemed to constitute any representation or warranty by the Administrative Agent.Each Credit Party represents and warrants to the Administrative Agent that,independentlyandwithoutrelianceupontheAdministrativeAgentoranyotherCreditParty andbasedonsuchdocumentsandinformationasithasdeemedappropriate,ithasmadeandwill continue to make its own appraisal of, and investigation into, the business, operations, property, prospects, financial and other conditions and creditworthiness of the Borrower, thePerformance Guarantor, each Originator or the Servicer and the Pool Receivables and its own decision toenter into this Agreement and to take, or omit, action under any Transaction Document.Except for items expressly required to be delivered under any Transaction Document by the Administrative Agent to any Credit Party, the Administrative Agent shall not have any duty or responsibility to provide any Credit Party with any information concerning the Borrower, the Performance Guarantor, any Originator or the Servicer that comes into the possession of the Administrative Agent or any of its directors, officers, agents, employees, attorneys-in-fact or Affiliates.

SECTION10.09.SuccessorAdministrativeAgent.

(a)TheAdministrativeAgentmay,uponatleastthirty(30)days’noticetothe Borrower, the Servicer and each Group Agent, resign as Administrative Agent.Except as provided below, such resignation shall not become effective until a successor Administrative Agent is appointed by the Majority Group Agents as a successor Administrative Agent and has accepted such appointment.If no successor Administrative Agent shall have been so appointed bytheMajorityGroupAgents, within thirty(30)daysafterthedepartingAdministrativeAgent’s giving of notice of resignation, the departing Administrative Agent may, on behalf of the SecuredParties,appointasuccessorAdministrativeAgentassuccessorAdministrativeAgent.If no successor Administrative Agent shall have been so appointed by the Majority Group Agents within sixty(60) days after the departingAdministrativeAgent’s givingof notice of resignation, the departing Administrative Agent may, on behalf of the Secured Parties, petition a court of competent jurisdiction to appoint a successor Administrative Agent.

(b)Upon such acceptance of its appointment as Administrative Agent hereunder by a successor Administrative Agent, such successor Administrative Agent shall succeed to and become vested with all the rights and duties of the resigning Administrative Agent, and the resigning Administrative Agent shall be discharged from its duties and obligations under the Transaction Documents.After any resigning Administrative Agent’s resignationhereunder,theprovisionsofthisArticleXandArticleXIIshallinuretoitsbenefitas to anyactions taken or omitted to be taken byit while it was the Administrative Agent.

SECTION10.10.ErroneousPayments.

(a)If the Administrative Agent notifiesa Lender or Secured Party, or any Person who has received funds on behalf of a Lender or Secured Party such Lender (any such Lender, Secured Partyor other recipient, a “Payment Recipient”) that the Administrative Agent has determinedin its sole discretion (whether or not after receipt of any notice under immediatelysucceeding clause (b)) that anyfunds received bysuch Payment Recipient from the Administrative Agent or any of its Affiliates were erroneously transmitted to, or otherwise erroneously or mistakenly received by, such Payment Recipient (whether or not known to such Lender, Secured Party or other Payment Recipient on its behalf)(any such funds, whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise, individually and collectively, an “Erroneous Payment”) and demands the return of suchErroneousPayment(oraportionthereof),suchErroneousPaymentshallatalltimesremain the property of the Administrative Agent and shall be segregated by the Payment Recipient and held in trust for the benefit of the Administrative Agent, and such Lender orSecured Partyshall (or, with respect to any Payment Recipient who received such funds on its behalf, shall cause such Payment Recipient to) promptly, but in no event later than two Business Days thereafter, return to the Administrative Agent the amount of any such Erroneous Payment (or portion thereof) as to which such a demand was made, in same day funds (in the currency so received), together with interest thereon in respect of each dayfrom and includingthe date such Erroneous Payment (orportionthereof)wasreceivedbysuchPaymentRecipienttothedatesuchamountis repaid to the Administrative Agent in same day funds at the greater of the Federal Funds Rate and a ratedetermined bythe Administrative Agent in accordance with bankingindustryrules on interbank compensation from time to time ineffect. Anotice of theAdministrativeAgent to any Payment Recipient under this clause (a)shall be conclusive, absent manifest error.

(b)Without limiting immediately preceding clause (a), each Payment Recipient herebyfurther agrees that if itreceives a payment, prepayment or repayment (whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise) from the Administrative Agent (or any of its Affiliates) (x) that is in a different amount than, or on a different date from, that specified in a notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its Affiliates) with respect to such payment, prepayment or repayment (a “Payment Notice”), (y) that was not preceded or accompaniedbyaPaymentNotice,or(z)thatsuchPaymentRecipientotherwisebecomesaware was transmitted, or received, in error or bymistake (in whole or in part) in each case:

(A)inthecaseofimmediatelyprecedingclauses(x)or(y),anerrorshallbepresumed tohavebeenmade(absentwrittenconfirmationfromtheAdministrativeAgentto the contrary) or (B)anerrorhasbeenmade(in thecaseofimmediatelypreceding clause(z)),ineachcase,withrespecttosuchpayment,prepaymentorrepayment; and

such Lender, Issuing Bank or Secured Party shall (and shall cause any other recipient that receives funds on its respective behalf to) promptly (and, in all events, within one Business Day of its knowledge of such error) notify the Administrative Agent of its receipt of such payment, prepayment or repayment,

thedetailsthereof(inreasonabledetail)andthatitissonotifyingtheAdministrative Agent pursuant to this Section 10.10(b).

(c)EachLenderorSecuredPartyherebyauthorizestheAdministrativeAgent to set off, net and applyanyand all amounts at anytime owing to such Lender or Secured Party under any Transaction Document, or otherwise payable or distributable by the Administrative Agent to such Lender or Secured Party from any source, against any amount due to the Administrative Agent under immediately preceding clause (a)or under the indemnification provisions of this Agreement.

IntheeventanErroneousPayment(orportionthereof)isnotrecoveredby the Administrative Agent for any reason, after demand therefor by the Administrative Agent in accordance with immediately preceding clause (a), from any Lender that has received such Erroneous Payment (or portion thereof) (or from any Payment Recipient who received such Erroneous Payment (or portion thereof) on its respective behalf)(such unrecovered amount, an “Erroneous Payment Return Deficiency”), upon the Administrative Agent’s request to such Lender at any time, (i) such Lender shall be deemed to have assigned its Loans (but not its Commitments) of the relevant Class with respect to which such Erroneous Payment was made (the “Erroneous Payment Impacted Class”) in an amount equal to the Erroneous Payment Return Deficiency (or such lesser amount as the Administrative Agent may specify) (such assignment of the Loans (but not Commitments) of the Erroneous PaymentImpacted Class, the “ErroneousPaymentDeficiencyAssignment”)atparplusanyaccruedandunpaidinterest(with the assignment fee to be waived by the Administrative Agent in such instance), and is hereby (together with the Borrower) deemed to execute and deliver an Assignment and Acceptance Agreement with respect to such Erroneous Payment Deficiency Assignment, (ii) the Administrative Agent as the assignee Lender shall be

deemed to acquire the Erroneous Payment Deficiency Assignment, (iii) upon such deemed acquisition, the Administrative Agent as the assignee Lender shall become a Lender hereunder with respect to such Erroneous Payment Deficiency Assignment and the assigning Lender shall cease to be a Lender hereunder with respect to such Erroneous Payment Deficiency Assignment, excluding, for the avoidance of doubt, its obligations under the indemnification provisions of this Agreement and its applicable CommitmentswhichshallsurviveastosuchassigningLenderand(iv)theAdministrativeAgent may reflect in the Register its ownership interest in the Loans subject to the Erroneous Payment DeficiencyAssignment.TheAdministrativeAgentmay,initsdiscretion,sellanyLoansacquired pursuant to an Erroneous Payment Deficiency Assignment and upon receipt of the proceeds of such sale, the Erroneous Payment Return Deficiency owing by the applicable Lender shall be reduced bythe net proceeds of the sale of such Loan (or portion thereof), and the Administrative Agent shall retain all other rights, remedies and claims against such Lender (and/or against any recipient that receives funds on its respective behalf). For the avoidance of doubt, no Erroneous Payment Deficiency Assignment will reduce the Commitments of any Lender and such Commitments shall remain available in accordance with the terms of this Agreement. Inaddition, each party hereto agrees that, except to the extent that the Administrative Agent has sold a Loan (or portion thereof) acquired pursuant to an Erroneous Payment Deficiency Assignment, and irrespective of whether the Administrative Agent maybe equitablysubrogated, theAdministrativeAgentshallbe contractually subrogated to all the rights and interests of the

applicable Lender or Secured Party under the Loan Documents with respect to each Erroneous Payment Return Deficiency (the “Erroneous Payment Subrogation Rights”).

(d)The parties hereto agree that an Erroneous Payment shallnotpay,prepay, repay, discharge or otherwise satisfyanyObligations owed bythe BorrowerorServicer, except, in each case, to the extent such Erroneous Payment is, and solely with respect to the amount of such Erroneous Payment that is, comprised of funds received bythe Administrative Agent from the Borrower or Servicer for the purpose of making such Erroneous Payment.

(e)To the extent permitted by applicable law, no Payment Recipient shall assert anyright or claim toan Erroneous Payment, and herebywaives, and isdeemedto waive, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim by the Administrative Agent for the return of any Erroneous Payment received, including without limitation waiver of any defense based on “discharge for value” or any similar doctrine.

(f)Each party’s obligations, agreements and waivers under this Section 4.06shallsurvivetheresignationorreplacementoftheAdministrativeAgent,anytransferofrightsor obligations by, or the replacement of, a Lender, the termination of the Commitments and/or the repayment, satisfaction or discharge of all Borrower Obligations (or any portion thereof) under any Transaction Document.

ARTICLE XITHEGROUPAGENTS

SECTION11.01.AuthorizationandAction.EachCreditParty thatbelongstoaGroup

hereby appoints and authorizes the Group Agent for such Group to take such action as agent on its behalf and to exercise such powers under this Agreement as are delegated to such Group Agent by the terms hereof, together with such powers as are reasonably incidental thereto.No Group Agent shall have any duties other than those expressly set forth in the Transaction Documents, and no implied obligations or liabilities shall be read into any Transaction Document, or otherwise exist, against any Group Agent.No Group Agent assumes, nor shall it be deemed to have assumed, any obligation to, or relationship of trust or agency with the Borrower or any Affiliate thereof, any Lender except for any obligations expressly set forth herein.NotwithstandinganyprovisionofthisAgreementoranyotherTransactionDocument,in no event shall any Group Agent ever be required to take any action which exposes such Group Agent topersonalliabilityorwhich iscontrarytoanyprovisionofanyTransactionDocumentor Applicable Law.

SECTION11.02.GroupAgent’sReliance,Etc.NoGroupAgentnoranyofitsdirectors, officers, agents or employees shall be liable for any action taken or omitted to be taken by it or them as a Group Agent under or in connection with this Agreement or any other Transaction Documents in the absence of its or their own gross negligence or willful misconduct.Without limiting the generality of the foregoing, a Group Agent: (a) may consult with legal counsel (including counsel for the Administrative Agent, the Borrower or the Servicer), independent certified public accountants and other experts selected byit and shall not be liable for anyaction

taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts; (b) makes no warranty or representation to any Credit Party (whether written or oral) and shall not be responsible to anyCredit Partyfor anystatements, warranties or representations (whether written or oral) made by any other party in or in connection with this Agreement or any other Transaction Document; (c) shall not have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this Agreement or any other Transaction Document on the part of the Borrower or any Affiliate thereof or any other Person or to inspect the property (including the books and records) of the Borrower or any Affiliate thereof; (d) shall not be responsible to any Credit Party for the due execution, legality, validity, enforceability, genuineness, sufficiencyor valueofthis Agreement, any other Transaction Documents or any other instrument or document furnished pursuant hereto;and(e)shall beentitled torely,andshallbefullyprotectedinsorelying,uponanynotice (includingnoticebytelephone),consent,certificateorotherinstrumentorwriting(whichmaybe byfacsimile) believed byit to be genuine and signed or sent bythe proper partyor parties.

SECTION11.03.Group Agent and Affiliates.With respect to any Credit Extension or interests therein owned by any Credit Party that is also a Group Agent, such Credit Party shall havethesamerightsandpowersunderthisAgreementasanyotherLenderandmayexercisethe same as though it were not a Group Agent.A Group Agent and any of its Affiliates may generally engage in any kind of business with the Borrower or any Affiliate thereof and any Person who may do business with or own securities of the Borrower or any Affiliate thereof or any of their respective Affiliates, all as if such Group Agent were not a Group Agent hereunder and without any duty to account therefor to any other Secured Party.

SECTION11.04.Indemnification of Group Agents.Each Committed Lender in any Group agrees toindemnifythe Group Agent forsuch Group(to theextent notreimbursed bythe Borrower or anyAffiliate thereof), ratablyaccording to the proportion ofthePercentageofsuch Committed Lender to the aggregate Percentages of all Committed Lenders in such Group, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of anykind or nature whatsoever which maybe imposed on,incurredby,orassertedagainstsuchGroupAgentinanywayrelatingtoorarisingoutofthis Agreement or any other Transaction Document or any action taken or omitted by such Group Agent under this Agreement or any other Transaction Document; providedthat no Committed Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such Group Agent’s gross negligence or willful misconduct.

SECTION11.05.DelegationofDuties.EachGroupAgentmayexecuteanyofitsduties through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties.No Group Agent shall be responsible for the negligence or misconduct of anyagents or attorneys-in-fact selected byit with reasonable care.

SECTION11.06.NoticeofEventsofDefault.NoGroupAgentshallbedeemedtohave knowledge or notice of the occurrence of any Unmatured Event of Default or Event of Default unless such Group Agent has received notice from the Administrative Agent, any other Group Agent, any other Credit Party, the Servicer or the Borrower stating that an Unmatured Event of DefaultorEventofDefaulthasoccurredhereunderanddescribingsuchUnmaturedEventof

Default or Event of Default.If a Group Agent receives such a notice, it shall promptly give noticethereoftotheCreditPartiesinitsGroupandtotheAdministrativeAgent(butonlyifsuch notice received by such Group Agent was not sent by the Administrative Agent).A Group Agent may take such action concerning an Unmatured Event of Default or Event of Default as maybedirectedbyCommittedLendersinitsGrouprepresentingamajorityoftheCommitments in such Group (subject to the other provisions of this Article XI), but until such Group Agent receives such directions, such Group Agent may (but shall not beobligated to) take such action, orrefrainfromtakingsuchaction,assuchGroupAgentdeemsadvisableandinthebestinterests of the Conduit Lenders and Committed Lenders in its Group.

SECTION11.07.Non-Reliance on Group Agent and Other Parties.Each Credit Party expressly acknowledges that neither the Group Agent for its Group nor any of such Group Agent’s directors, officers, agents or employees hasmade anyrepresentations or warranties toit and that no act by such Group Agent hereafter taken, including any review of the affairs of the Borrower or any Affiliate thereof, shall be deemed to constitute any representation or warranty by such Group Agent.Each Credit Party represents and warrants to the Group Agent for its Groupthat,independentlyandwithoutrelianceuponsuchGroupAgent,anyotherGroupAgent, the Administrative Agent or any other Credit Party and based on such documents and information as it has deemed appropriate, it has made and will continue to make its own appraisal of, and investigation into, the business, operations, property, prospects, financial and other conditions and creditworthiness of the Borrower or any Affiliate thereof and the Receivables and its own decision to enter into this Agreement and totake, oromit, actionunder

any Transaction Document.Except for items expressly required to be delivered under any Transaction Document bya Group Agent to anyCreditPartyin itsGroup, noGroupAgentshall have any duty or responsibility to provide any Credit Party in its Group with any information concerning the Borrower or any Affiliate thereof that comes into the possession of such Group Agent or anyof its directors, officers, agents, employees, attorneys-in-fact or Affiliates.

SECTION11.08.SuccessorGroupAgent.AnyGroupAgentmay,uponatleastthirty

(30) days’ notice to the Administrative Agent, the Borrower, the Servicer and the Credit Parties in its Group, resign as Group Agent for its Group.Such resignation shall not become effective until a successor Group Agent is appointed by the Lender(s) in such Group.Upon such acceptance of its appointment as Group Agent for such Group hereunder by a successor Group Agent, such successor Group Agent shall succeed to and become vested with all the rights and dutiesoftheresigningGroupAgent,andtheresigningGroupAgentshallbedischargedfromits duties and obligations under the Transaction Documents.After any resigning Group Agent’s resignation hereunder, the provisions of this Article XIand Article XIIshall inure to its benefit as to anyactions taken or omitted to be taken byit while it was a Group Agent.

SECTION11.09.Reliance on Group Agent.Unless otherwise advised in writing by a Group Agent orbyanyCreditPartyinsuch Group Agent’s Group, eachpartytothisAgreement may assume that (i) such Group Agent is acting for the benefit and on behalf of each of the Credit Parties in its Group, as well as for the benefit of each assignee or other transferee from any such Person and (ii) each action taken by such Group Agent has been duly authorized and approved byall necessaryaction on the part of the Credit Parties in its Group.

ARTICLE XII INDEMNIFICATION

SECTION12.01.IndemnificationbytheBorrower.

(a)WithoutlimitinganyotherrightsthattheAdministrativeAgent,theCredit Parties, the Affected Persons and their respective assigns, officers, directors, agents and employees (each, a “Borrower Indemnified Party”) may have hereunder or under Applicable Law, the Borrower hereby agrees to indemnify each Borrower Indemnified Party from and against any and all claims, losses and liabilities (including Attorney Costs) (all of the foregoing being collectively referred to as “Borrower Indemnified Amounts”) arising out of or resulting from this Agreement or any other Transaction Document or the use of proceeds of the Credit Extensions or the security interest in respect of any Pool Receivable or any other Collateral; excluding, however, (a) Borrower Indemnified Amounts to the extent a final non-appealable judgment of a court of competent jurisdiction holds that such Borrower Indemnified Amounts resulted solely from the gross negligence or willful misconduct by such Borrower Indemnified Party seeking indemnification and (b) Taxes that are covered by Section 4.03(other than Taxes specifically enumerated below).Without limiting or being limited by the foregoing, the Borrower shall pay on demand (it being understood that if any portion of such payment obligation is made from Collections, such payment will be made at the time and in the order of priority set forth in Section 3.01), to the Borrower Indemnified Party any and all amounts

necessary to indemnify the Borrower Indemnified Party from and against any and all Borrower Indemnified Amounts relatingto orresultingfrom anyof thefollowing(but excludingBorrower Indemnified Amounts and Taxes described in clauses (a)and (b)above):

(i)any Pool Receivable which the Borrower or the Servicer includes as an EligibleReceivable aspart of the NetReceivablePool Balancebut which is not an Eligible Receivable at such time;

(ii)any representation, warranty or statement made or deemed made by the Borrower (or any of its respective officers) under or in connection with this Agreement or any of the other Transaction Documents (including in any report or certificate required to be delivered under any Transaction Document) shall have been untrue or incorrect when made or deemed made;

(iii)the failure by the Borrower to comply with any Applicable Law with respect to any Pool Receivable or the related Contract; or the failure of any Pool Receivable or the related Contract to conform to anysuch Applicable Law;

(iv)the failure to vest in the Administrative Agent a first priority perfected security interest in all or any portion of the Collateral, in each case free and clear of any Adverse Claim;

the failure to have filed, or any delay in filing, financing statements, financing statement amendments, continuation statements or other similar instrumentsordocumentsundertheUCCofanyapplicablejurisdictionorother

Applicable Laws with respect to any Pool Receivable and the other Collateral and Collections in respect thereof, whether at the time of any Credit Extension or at any subsequent time;

(v)any dispute, claim, offset or defense (other than discharge in bankruptcy) of an Obligor to the payment of any Pool Receivable (including, without limitation, a defense based on such Pool Receivable or the related Contract not being a legal, valid and binding obligation of such Obligor enforceable against it in accordance with its terms), or any other claim resulting from or relating to collection activities with respect to such Pool Receivable or the furnishing or failure to furnish anysuch goods or services or other similar claim or defense not arising from the financial inability of any Obligor to pay undisputed indebtedness;

(vi)any Taxes imposed upon the Borrower Indemnified Party relating to or with respect to any Pool Receivable or other Collateral, and any reasonable costs and expenses relating thereto or arising therefrom;

(vii)any failure of the Borrower to timely and fully comply with the Credit and Collection Policy in regard to each Pool Receivable;

(viii)any products liability, environmental or other claim arising out of orinconnectionwithanyPoolReceivableorothermerchandise,goodsorserviceswhich are the subject of or related to any Pool Receivable;

(ix)the commingling of Collections of Pool Receivables at any time with other funds;

(x)any investigation, litigation or proceeding (actual or threatened) related to this Agreement or any other Transaction Document or the use of proceeds of any Credit Extensions or in respect of any Pool Receivable or other Collateral or any related Contract;

(xi)any failure of the Borrower to comply with its covenants, obligations and agreements contained in this Agreement or any other Transaction Document;

(xii)anysetoffwithrespecttoanyPoolReceivable;

(xiii)any claim brought by any Person other than the Borrower Indemnified Party arising from any activity by the Borrower or any Affiliate of the Borrower in servicing, administering or collecting any Pool Receivable;

(xiv)[Reserved]

any failure of an Collection Account Bank to comply with the terms of the applicable Collection Account Control Agreement, the termination by a Collection Account Bank of anyCollection Account Control Agreement or anyamounts

(includinginrespectofanindemnity)payablebytheAdministrativeAgenttoa Collection Account Bank under any Collection Account Control Agreement;

(xv)[Reserved];

(xvi)any action taken by the Administrative Agent as attorney-in-fact for the Borrower, anyOriginator or the Servicer pursuant to this Agreement or anyother Transaction Document;

(xvii)thefailureordelaytoprovideanyObligorwithaninvoiceorother evidence of indebtedness;

(xviii)any civil penalty or fine assessed by OFAC or any other Governmental Authority administering any Anti-Corruption Law or Sanctions, and all reasonable costs and expenses (including reasonable documented legal fees and disbursements)incurredinconnectionwithdefensethereofby,theBorrowerIndemnified Party in connection with the Transaction Documents as a result of any action of any Traeger Party or any of their respective Affiliates;

(xix)theuseofproceedsofanyCreditExtension;or

(xx)any reduction in Capital as a result of the distribution of Collections if all or a portion of such distributions shall thereafter be rescinded or otherwise must be returned for any reason.

(b)Notwithstanding anything to the contrary in this Agreement, solely for purposesoftheBorrower’sindemnificationobligationsinclauses(ii),(iii),(viii)and(xii)ofthis ArticleXII,anyrepresentation,warrantyorcovenantqualifiedbytheoccurrenceor non-occurrence of a Material Adverse Effect or similar concepts of materiality shall be deemed to be not so qualified.

Ifforanyreasontheforegoingindemnificationisunavailabletoany Borrower IndemnifiedParty or insufficienttoholditharmless for any Borrower Indemnified Amount,thentheBorrowershallcontributetosuchBorrowerIndemnifiedPartytheamountpaid orpayablebysuchBorrowerIndemnifiedPartyasaresultofsuchloss,claim,damageorliability in such proportion as is appropriate to reflect the relative economic interests of the Borrower and itsAffiliatesontheonehandandsuchBorrowerIndemnifiedPartyontheotherhandinthe matterscontemplatedbythisAgreementaswellastherelativefaultoftheBorrowerandits AffiliatesandsuchBorrowerIndemnifiedPartywithrespecttosuchloss,claim,damageor liability andany otherrelevantequitableconsiderations.Thereimbursement,indemnity and contribution obligations of the Borrower under this Section shall be in addition to any liability whichthe Borrower may otherwise have,shallextenduponthe same termsandconditionsto eachBorrowerIndemnifiedParty,andshallbebindinguponandinuretothebenefitofany successors,assigns,heirsandpersonalrepresentativesoftheBorrowerandtheBorrowerIndemnified Parties.

(c)Any indemnification or contribution under this Section shall survive the termination of this Agreement.

SECTION12.02.IndemnificationbytheServicer.

(a)The Servicer hereby agrees to indemnify and hold harmless the Borrower, the Administrative Agent, the Credit Parties, the Affected Persons and their respective assigns, officers, directors, agents and employees (each, a “Servicer Indemnified Party”), from and against any loss, liability, expense, damage or injurysuffered or sustained byreason of anyacts, omissions or alleged acts or omissions arising out of activities of the Servicer pursuant to this Agreement or any other Transaction Document, including any judgment, award, settlement, AttorneyCosts and other costs or expenses incurred in connection with the defense of anyactual or threatened action, proceeding or claim (all of the foregoing being collectively referred to as, “Servicer Indemnified Amounts”); excluding (i) Servicer Indemnified Amounts to the extent a final non-appealable judgment of a court of competent jurisdiction holds that such Servicer Indemnified Amounts resulted solely from the gross negligence or willful misconduct by such ServicerIndemnifiedPartyseekingindemnificationand(ii)ServicerIndemnifiedAmountstothe extent the same includes losses in respect of Pool Receivables that are uncollectible solely on account of theinsolvency,bankruptcy,lackofcreditworthiness orotherfinancial inabilitytopay of the related Obligor.Without limitingor beinglimited bytheforegoing, theServicer shall pay on demand, to each Servicer Indemnified Partyanyand all amounts necessaryto indemnifysuch

Servicer Indemnified Party from and against any and all Servicer Indemnified Amounts relating toorresultingfromanyofthefollowing(butexcludingServicerIndemnifiedAmountsdescribed in clauses (i)and (ii)above):

(i)any Pool Receivable which the Servicer includes as an Eligible Receivable as part of the Net Receivable Pool Balance but which is not an Eligible Receivable at such time;

(ii)any representation, warranty or statement made or deemed made by the Servicer (or any of its respective officers) under or in connection with this Agreement or any of the other Transaction Documents (including in any report or certificate required to be delivered under any Transaction Document) shall have been untrue or incorrect when made or deemed made;

(iii)thefailurebytheServicertocomplywithanyApplicableLawwith respect to any Pool Receivable or the related Contract;

(iv)the failure by any Pool Receivable or the related Contract to conform to any Applicable Law;

any civil penalty or fine assessed by OFAC or any other Governmental Authority administering any Anti-Corruption Law or Sanctions, and all reasonable costs and expenses (including reasonable documented legal fees and disbursements)incurredin connection withdefensethereofby, anyServicerIndemnified Party in connection with the Transaction Documents as a result of any action of any Traeger Party or any of their respective Affiliates;

(v)anyfailureofaCollectionAccountBanktocomplywiththeterms of the applicable Account Control Agreement, the termination by a Collection Account Bank of any Account Control Agreement or any amounts (including in respect of an indemnity)payablebytheAdministrativeAgenttoaCollectionAccountBankunderany Account Control Agreement;

(vi)any breach of the representations and warranties under Section6.01(z)or the covenants under Section 7.01(bb);

(vii)anyliabilityoftheBorrowerunderSection4.03;or

(viii)any failure of the Servicer to comply with its covenants, obligations and agreements contained in this Agreement or any other Transaction Document.

(b)If for any reason the foregoing indemnification is unavailable to any Servicer Indemnified Party or insufficient to hold it harmless, then the Servicer shall contribute to the amount paid or payable bysuch Servicer Indemnified Partyas aresult ofsuch loss, claim, damage or liability in such proportion as is appropriate to reflect the relative economic interests of the Servicer and its Affiliates on the one hand and such Servicer Indemnified Party on the other hand in the matters contemplated by this Agreement as well as the relative fault of the

Servicer and its Affiliates and such Servicer Indemnified Party with respect to such loss, claim, damage or liability and any other relevant equitable considerations.The reimbursement, indemnity and contribution obligations of the Servicer under this Section shall be in addition to any liability which the Servicer may otherwise have, shall extend upon the same terms and conditions toeachServicerIndemnifiedParty,andshallbebindinguponandinuretothebenefit of any successors, assigns, heirs and personal representatives of the Servicer and the Servicer Indemnified Parties.

(c)Any indemnification or contribution under this Section shall survive the termination of this Agreement.

ARTICLE XIII MISCELLANEOUS

SECTION13.01.Amendments,Etc.

No failure on the part of any Credit Party to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of anyother right.No amendment or waiver of anyprovision of this Agreement or consent to any departure by any of the Borrower or any Affiliate thereof shall be effective unless in a writing signed by the Administrative Agent and the Majority Group Agents (and, in the case of any amendment,alsosigned bytheBorrower),andthensuchamendment,waiverorconsentshallbe effective only in the specific instance and for the specific purpose for which given; provided, however, that (A) no amendment, waiver or consent shall, unless in writing and signed by the Servicer,affecttherightsordutiesoftheServicerunderthisAgreement;(B)noamendment,

waiverorconsentshall,unlessinwritingandsignedbytheAdministrativeAgentandeach Group Agent:

(i)change (directly or indirectly) the definitions of, Borrowing Base Deficit, Borrowing Base Deficit, Defaulted Receivable, Delinquent Receivable, Eligible Receivable, Facility Limit, Final Maturity Date, Net Receivable Pool Balance, Adjusted Net Receivables Pool Balance, Required Reserves or Stress Factor contained in this Agreement, or increase the then existing Specified Concentration Percentage for any Obligor or change the calculation of the Borrowing Base;

(ii)reducethe amountofCapitalor Interestthat ispayableonaccount ofanyLoanorwithrespecttoanyotherCreditExtensionordelayanyscheduleddatefor payment thereof;

(iii)changeanyEventofDefault;

(iv)release all or a material portion of the Collateral from the Administrative Agent’s security interest created hereunder;

(v)release the Performance Guarantor from any of its obligations under the Performance Guaranty or terminate the Performance Guaranty;

(vi)changeanyoftheprovisionsofthisSection13.01orthedefinition of “Majority Group Agents”; or

(vii)change the order of priority in which Collections are applied pursuant to Section 3.01.

Notwithstanding the foregoing, (A) no amendment, waiver or consent shall increase any CommittedLender’sCommitmenthereunderwithouttheconsentofsuchCommittedLenderand

(B) no amendment, waiver or consent shall reduce any Fees payable by the Borrower to any member of any Group or delay the dates on which any such Fees are payable, in either case, without the consent of the Group Agent for such Group.

SECTION13.02.Notices, Etc.All notices and other communications hereunder shall, unless otherwise stated herein, be in writing (which shall include facsimile and email communication) and faxed, emailed or delivered, to each party hereto, at its address set forth underitsnameonScheduleIIIheretooratsuchotheraddress,facsimilenumberoremailaddress as shall be designated by such party in a written notice to the other parties hereto.Notices and communications by facsimile or email shall be effective when sent receipt confirmed by electronic or other means (such as bythe “return receipt requested” function, as available, return electronic mail or other acknowledgement), and notices and communications sent by othermeans shall be effective when received.

SECTION13.03.Assignability.

Assignment by Conduit Lenders.This Agreement and the rights of each ConduitLenderhereunder(includingeachLoanmadebyithereunder)shallbeassignableby

such Conduit Lender and its successors and permitted assigns (i) to any Program Support Provider of such Conduit Lender without prior notice to or consent from the Borrower or any other party, or any other condition or restriction of any kind, (ii)to anyother Lender with prior notice to the Borrower but without consent from the Borrower or (iii) with the prior written consent of the Borrower (such consent not to be unreasonablywithheld, conditioned ordelayed; provided, however, that such consent shall not be required if an Event of Default has occurred and is continuing), to any other Eligible Assignee.Each assignor of a Loan or any interest therein may, in connection with the assignment or participation, disclose to the assignee or ParticipantanyinformationrelatingtotheBorroweranditsAffiliates,includingtheReceivables, furnished to such assignor by or on behalf of the Borrower and its Affiliates or by the Administrative Agent; providedthat, prior to any such disclosure, the assignee or Participant agrees to preserve the confidentiality of any confidential information relating to the Borrower and its Affiliates received by it from any of the foregoing entities in a manner consistent with Section 13.06(b).

(d)Assignment byCommitted Lenders.Each Committed Lendermayassign to any Eligible Assignee or to any other Committed Lender all or a portion of its rights and

obligations under this Agreement (including, without limitation, all or a portion of its Commitment and any Loan or interests therein owned by it); provided, howeverthat

(i)except for an assignment by a Committed Lender to either an Affiliate of such Committed Lender or any other Committed Lender, each such assignmentshallrequirethepriorwrittenconsentoftheBorrower(suchconsentnottobe unreasonably withheld, conditioned or delayed; provided, however, that such consent shall not be required if an Event of Default has occurred and is continuing);

(ii)each such assignment shall be of a constant, and not a varying, percentage of all rights and obligations under this Agreement; and

(iii)thepartiestoeachsuchassignmentshallexecuteanddelivertothe Administrative Agent, for its acceptance and recording in the Register, an Assignment and Acceptance Agreement.

Uponsuchexecution,delivery,acceptanceandrecordingfromandaftertheeffectivedate specified in such Assignment and Acceptance Agreement, (x) the assignee thereunder shall be a party to this Agreement, and to the extent that rights and obligations under this Agreement have been assigned to it pursuant to such Assignment and AcceptanceAgreement, have therights and obligations of a Committed Lender hereunder and (y) the assigning Committed Lender shall, to the extent that rights and obligations have been assigned by it pursuant to such Assignment and Acceptance Agreement, relinquish such rights and be released from such obligations under this Agreement (and, in the case of an Assignment and Acceptance Agreement covering all or the remaining portion of an assigning Committed Lender’s rights and obligations under this Agreement, such Committed Lender shall cease to be a party hereto).

Register.TheAdministrativeAgentshall,actingsolelyforthispurposeas an agent of the Borrower, maintain at its address referred to on Schedule IIIof this Agreement (or such other addressof the Administrative Agentnotified by the Administrative Agent to the

other parties hereto) a copy of each Assignment and Acceptance Agreement delivered to and accepted by it and a register for the recordation of the names and addresses of the Committed LendersandtheConduitLenders,theCommitmentofeachCommittedLenderandtheaggregate outstanding Capital (and stated interest) of the Loans of each Conduit Lender and Committed Lender from time to time (the “Register”).The entries in the Register shall be conclusive and binding for all purposes, absent manifest error, and the Borrower, the Servicer, the Administrative Agent, the Group Agents, and the other Credit Parties shall treat each Person whose name is recorded in the Register pursuant to the terms of this Agreement as a Committed Lender or Conduit Lender, as the case may be, under this Agreement for all purposes of this Agreement.The Register shall be available for inspection by the Borrower, the Servicer, any Group Agent, any Conduit Lender or any Committed Lender at any reasonable time and from time to time upon reasonable prior notice.

(e)Procedure.UponitsreceiptofanAssignmentandAcceptanceAgreement executed and delivered byan assigningCommitted Lender and an Eligible Assignee or assignee Committed Lender, the Administrative Agent shall, if such Assignment and Acceptance

Agreementhasbeendulycompleted,(i)acceptsuchAssignmentandAcceptanceAgreement,(ii) record the information contained therein in the Register and (iii) give prompt notice thereof to the Borrower and the Servicer.

(f)Participations.Each Committed Lender may sell participations to one or more Eligible Assignees (each, a “Participant”) in or to all or a portion of its rights and/or obligations under this Agreement (including, without limitation, all or a portion of its Commitment and the interests in the Loans owned by it); provided, however, that

(i)such Committed Lender’s obligations under this Agreement (including, without limitation, its Commitment to the Borrower hereunder) shall remain unchanged, and

(ii)such Committed Lender shall remain solely responsible to the other parties to this Agreement for the performance of such obligations.

The Administrative Agent, the Group Agents, the Conduit Lenders, the other Committed Lenders,theBorrowerandtheServicershallhavetherighttocontinuetodealsolelyanddirectly withsuchCommittedLenderinconnectionwithsuchCommittedLender’srightsandobligations underthisAgreement.TheBorroweragreesthateachParticipantshallbeentitledtothebenefits of Sections 4.01and 4.03(subject to the requirements and limitations therein, including the requirements under Section 4.03(f)(it being understood that the documentation required under Section 4.03(f)shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b)of this Section; provided that such Participant shall not be entitled to receive anygreater payment under Section

4.01or 4.03, with respect to any participation, than its participating Lender would have been entitledtoreceive,excepttotheextentsuchentitlementtoreceiveagreaterpaymentresultsfrom a Change in Law that occurs after the Participant acquired the applicable participation.

Participant Register.Each Committed Lender that sells a participation shall, acting solelyforthispurpose as anon-fiduciaryagent ofthe Borrower,maintain a register

onwhichitentersthenameandaddressofeachParticipantandtheprincipalamounts(andstated interest)ofeachParticipant’sinterestintheLoansorotherobligationsunderthisAgreement(the “ParticipantRegister”);providedthatnoCommittedLendershallhaveanyobligationtodisclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any Commitments, Loans or its other obligations under any this Agreement) to any Person except to the extent that such disclosure is necessary to establish that such Commitment, 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 Committed 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.For the avoidance of doubt, the Administrative Agent (in its capacityas Administrative Agent) shall have no responsibility for maintaining a Participant Register.

(g)AssignmentsbyAgents.ThisAgreementandtherightsandobligationsof theAdministrativeAgentandeachGroupAgenthereinshallbeassignablebytheAdministrative Agent or such Group Agent, as the case maybe, and its successors and assigns; providedthat in the case of an assignment to a Person that is not an Affiliateof the AdministrativeAgent or such GroupAgent, so longas no Event ofDefault orUnmatured Event ofDefault hasoccurredand is continuing, such assignment shall require the Borrower’s consent (not to be unreasonably withheld, conditioned or delayed).

(h)Assignments by the Borrower or the Servicer.Neither the Borrower nor, except as provided in Section 8.01, the Servicer may assign any of its respective rights or obligations hereunder or any interest herein without the prior written consent of the AdministrativeAgentandeachGroupAgent(suchconsenttobeprovidedorwithheldinthesole discretion of such Person).

(i)Pledge to a Federal Reserve Bank. Notwithstanding anything to the contrary set forth herein, (i) any Lender, Program Support Provider or any of their respective Affiliatesmayatanytimepledgeorgrantasecurityinterestinalloranyportionofitsinterestin, to and under this Agreement (including, without limitation, rights to payment of Capital and Interest) and any other Transaction Document to secure its obligations to a Federal Reserve Bank, without notice to or theconsent of theBorrower, theServicer, anyAffiliatethereof orany Credit Party; provided, however, that that no such pledge shall relieve such assignor of its obligations under this Agreement.

PledgetoaSecurityTrustee.Notwithstandinganythingtothecontraryset forth herein, (i) any Lender, Program Support Provider or anyof their respective Affiliates may at anytime pledge or grant a securityinterest in all or anyportion of its interest in, to andunder this Agreement (including, withoutlimitation, rights topayment ofCapitaland Interest)andany other Transaction Document to a securitytrusteein connection with the funding bysuch Person of Loans, without notice to or the consent of the Borrower, the Servicer, anyAffiliatethereofor any Credit Party; provided, however, that that no such pledge shall relieve such assignor of its obligations under this Agreement.

SECTION13.04.Costs and Expenses.In addition to the rights of indemnification grantedunderSection12.01hereof,theBorroweragreestopayondemandallreasonable out-of-pocket costs and expenses in connection with the preparation, negotiation, execution, delivery and administration of this Agreement, any Program Support Agreement (or any supplement or amendment thereof) related to this Agreement and the other Transaction Documents (together with all amendments, restatements, supplements, consents and waivers, if any, from time to time hereto and thereto), including, without limitation, (i) the reasonable Attorney Costs for the Administrative Agent and the other Credit Parties and any of their respective Affiliates with respect thereto and with respect to advising the Administrative Agent and the other Credit Parties and their respective Affiliates as to their rights and remedies under this Agreement and the other Transaction Documents and (ii) reasonable accountants’, auditors’ andconsultants’feesandexpensesfortheAdministrativeAgentandtheotherCreditPartiesand anyoftheirrespectiveAffiliates and thefees andcharges ofanynationallyrecognized statistical ratingagencyincurredinconnectionwiththeadministrationandmaintenanceofthisAgreement

or advising the Administrative Agent or any other Credit Party as to their rights and remedies under this Agreement or as to anyactual or reasonablyclaimedbreach ofthis Agreement or any other Transaction Document.In addition, the Borrower agrees to payon demand all reasonable out-of-pocket costs and expenses (including reasonable Attorney Costs), of the Administrative AgentandtheotherCreditPartiesandtheirrespectiveAffiliates,incurredinconnectionwiththe enforcement of anyoftheirrespectiverights orremediesundertheprovisions ofthisAgreement and the other Transaction Documents.

SECTION13.05.NoProceedings;LimitationonPayments.

(a)Each of the parties hereto agrees, for the benefit of the holders of the privatelyorpubliclyplacedindebtednessforborrowedmoneyofeachConduitLender,not,prior to the date which is two (2) years and one (1) day after the payment in full of all privately or publicly placed indebtedness for borrowed money of such Conduit Lender outstanding, to acquiesce, petition or otherwise, directly or indirectly, invoke, or cause such Conduit Lender to invoke, the process of any court or any other governmental authority for the purpose of (i) commencing, or sustaining, a case against such Conduit Lender under any federal or state bankruptcy, insolvency or similar law (including the Bankruptcy Code), (ii) appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of such Conduit Lender, or any substantial part of its property, or (iii) ordering the winding up or liquidation of the affairs of such Conduit Lender.

(b)EachoftheServicer,eachGroupAgent,eachLenderandeachassigneeof a Loan or any interest therein, hereby covenants and agrees that it will not institute against, or join any other Person in instituting against, the Borrower any insolvency proceeding until one year and one dayafter the Final Payout Date; provided, that the Administrative Agent maytake anysuch action in its sole discretion following the occurrence of an Event of Default.

Notwithstanding any provisions contained in this Agreement to the contrary,aConduitLendershallnot,andshallbeundernoobligationto,payanyamount,ifany, payable by it pursuant to this Agreement or any other Transaction Document unless (i) such Conduit Lender has received funds which may be used to make such payment and which funds arenotrequiredtorepay suchConduitLender’sNoteswhendueand(ii)aftergivingeffectto

such payment, either (x) such Conduit Lender could issue Notes to refinance all of its outstanding Notes and Discretionary Advances (assuming such outstanding Notes and Discretionary Advances matured at such time) in accordance with the program documents governing such Conduit Lender’s securitization program or (y) all of such Conduit Lender’s NotesandDiscretionaryAdvancesarepaidinfull.AnyamountwhichanyConduitLenderdoes not pay pursuant to the operation of the preceding sentence shall not constitute a claim (as defined in Section 101 of the BankruptcyCode) against or companyobligation of such Conduit Lender for any such insufficiency unless and until such Conduit Lender satisfies the provisions of clauses (i)and (ii)above.The provisions of this Section 13.05shall survive anytermination of this Agreement.

SECTION13.06.Confidentiality.

(a)EachoftheBorrowerandtheServicercovenantsandagreestohold in confidence,andnotdisclosetoanyPerson,thetermsofthisAgreementortheFeeLetter (includinganyfeespayableinconnectionwiththisAgreement,theFeeLetteroranyother Transaction Document or the identity of the Administrative Agent or any other Credit Party),exceptastheAdministrativeAgentandeachGroupAgentmay haveconsentedtoinwriting prior to any proposed disclosure; provided, however, that it maydisclose such information (i) to its Advisors and Representatives, (ii) to the extent such information has become available to the publicotherthanasaresultofadisclosurebyorthroughtheBorrower,theServicerortheir Advisors and Representatives or (iii) to the extent it should be (A) required byApplicable Law, or in connection with any legal or regulatory proceeding or (B) requested by any Governmental Authoritytodisclosesuchinformation;provided,that,inthecaseofclause(iii)above,the BorrowerandtheServicerwillusereasonableeffortstomaintainconfidentialityandwill(unless otherwiseprohibitedbyApplicableLaw)notifytheAdministrativeAgentandtheaffectedCredit Party of its intention to make any such disclosure prior to making such disclosure.Each of the BorrowerandtheServiceragreestoberesponsibleforanybreachofthisSectionbyitsRepresentatives and Advisors and agrees that its Representatives and Advisors will be advised by it of the confidential nature of such information and shall agree to comply with this Section. Notwithstandingtheforegoing, it is expresslyagreed that each of theBorrower, theServicerand theirrespectiveAffiliatesmaypublishapressreleaseorotherwisepubliclyannouncethe existence and principal amount of the Commitments under this Agreement and the transactions contemplatedhereby;providedthattheAdministrativeAgentshallbeprovidedareasonable opportunity to review such press release or other public announcement prior to its release andprovidecommentthereon;andprovided,further,thatnosuchpressreleaseshallnameor otherwise identify the Administrative Agent, any other Credit Party or any of their respectiveAffiliateswithoutsuchPerson’spriorwrittenconsent(suchconsentnottobeunreasonably withheld, conditioned ordelayed).Notwithstandingthe foregoing, the Borrower consents to the publicationbytheAdministrativeAgentoranyotherCreditPartyofatombstoneorsimilar advertising material relating to the financing transactions contemplated bythis Agreement.

Each of the Administrative Agent and each other Credit Party, severally and with respect to itself only, agrees to hold in confidence, and not disclose to anyPerson, any confidential and proprietary information concerning the Borrower, the Servicer and their respective Affiliates and their businesses or the terms of this Agreement (including any fees payable in connection with this Agreement or the other Transaction Documents), except as the

Borrower or the Servicer may have consented to in writing prior to any proposed disclosure; provided, however, that it maydisclose such information (i) to its Advisors andRepresentatives and to any related Program Support Provider, (ii) to its assignees and Participants and potential assignees and Participants and their respective counsel if they agree in writing to hold it confidential, (iii) to the extent such information has become available to the public other than as aresult of adisclosurebyorthroughitoritsRepresentativesorAdvisorsoranyrelatedProgram Support Provider, (iv) to any nationally recognized statistical rating organization in connection withobtainingormaintainingtheratingofanyConduitLender’sNotesorascontemplatedby17 CFR 240.17g-5(a)(3), (v) at the request of a bank examiner or other regulatory authority or in connection with an examination of any of the Administrative Agent, any Group Agent or any

Lender or their respective Affiliates or Program Support Providers or (vi) to the extent it should be (A) required by Applicable Law, or in connection with any legal or regulatory proceeding or

(B)requestedbyanyGovernmentalAuthoritytodisclosesuchinformation;provided,that,inthe case of clause (vi)above, the AdministrativeAgent, each Group Agent and each Lender will use reasonableeffortstomaintainconfidentialityandwill(unlessotherwiseprohibitedbyApplicable Law) notify the Borrower and the Servicer of its making any such disclosure as promptly as reasonablypracticablethereafter.EachoftheAdministrativeAgent,eachGroupAgentandeach Lender, severally and with respect to itself only, agrees to be responsible for any breach of this Section by its Representatives, Advisors and Program Support Providers and agrees that its Representatives, Advisors and Program Support Providers will be advised by it of the confidential nature of such information and shall agree to complywith this Section.

(b)As used inthisSection, (i) “Advisors”means, with respect to anyPerson, such Person’s accountants, attorneys and other confidential advisors and (ii) “Representatives” means, with respect to any Person, such Person’s Affiliates, Subsidiaries, directors, managers, officers, employees, members, investors, financing sources, insurers, professional advisors, representativesandagents;providedthatsuchPersonsshallnotbedeemedtoRepresentativesof a Person unless (and solely to the extent that) confidential information is furnished to such Person.

(c)Notwithstanding the foregoing, to the extent not inconsistent with applicablesecuritieslaws,eachpartyhereto(andeachofitsemployees,Representativesorother agents) may disclose to any and all Persons, without limitation of any kind, the Tax treatment andtaxstructure(asdefinedinSection1.6011-4oftheTreasuryRegulations)ofthetransactions contemplatedbytheTransactionDocumentsandallmaterialsofanykind(includingopinionsor other tax analyses) that are provided to such Person relating to such Tax treatment and Tax structure.

SECTION13.07.GOVERNING LAW.THIS AGREEMENT, INCLUDING THE RIGHTS AND DUTIES OF THE PARTIES HERETO, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDINGSECTIONS5-1401AND5-1402OFTHEGENERALOBLIGATIONSLAWOF THESTATEOFNEWYORK,BUTWITHOUTREGARDTOANYOTHERCONFLICTSOF LAW PROVISIONS THEREOF, EXCEPT TO THE EXTENT THAT THE PERFECTION, THEEFFECTOFPERFECTIONORPRIORITYOFTHEINTERESTSOF

ADMINISTRATIVE AGENT OR ANY LENDER IN THE COLLATERAL IS GOVERNED BY THE LAWS OF A JURISDICTION OTHER THAN THE STATE OF NEW YORK).

SECTION13.08.Execution in Counterparts.This Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement.Delivery of an executed signature page of this Agreement by facsimile transmission, emailed pdf. or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of an original executed counterpart hereof. The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to any document to be

signed in connection with this Agreement and the transactions contemplated hereby shall be deemed to include an electronic sound, symbol, or process attached to, or associated with, a contract or other record and adopted by a Person with the intent to sign, authenticate or accept such contract or record, deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic SignaturesinGlobalandNationalCommerceAct,theNewYorkStateElectronicSignaturesand Records Act, or anyother similar state laws based on the Uniform Electronic Transactions Act.

SECTION13.09.Integration;BindingEffect;SurvivalofTermination.ThisAgreement and the other Transaction Documents contain the final and complete integration of all prior expressionsbythepartiesheretowithrespecttothesubjectmatterhereofandshallconstitutethe entire agreement among the parties hereto with respect to the subject matter hereof superseding all prior oral or written understandings.This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms and shall remain in full force and effect until the Final Payout Date; provided,however,thattheprovisionsofSections4.01,4.02,4.03,10.04,10.07,11.04,11.06,

1.01, 12.02, 13.04, 13.05, 13.06, 13.09, 13.11and 13.13shall survive any termination of this Agreement.

SECTION 13.10.    CONSENTTOJURISDICTION.    (a)EACHPARTYHERETO HEREBYIRREVOCABLYSUBMITSTOTHEEXCLUSIVEJURISDICTIONOFANYNEW YORKSTATEORFEDERALCOURTSITTINGINNEWYORKCITY,NEWYORKIN ANYACTIONORPROCEEDINGARISINGOUTOFORRELATINGTOTHIS AGREEMENTORANYOTHERTRANSACTIONDOCUMENT,ANDEACHPARTYHERETOHEREBYIRREVOCABLYAGREESTHATALLCLAIMSINRESPECTOF SUCHACTIONORPROCEEDINGSHALLBEHEARDANDDETERMINEDINSUCH NEWYORKSTATECOURTOR,TOTHEEXTENTPERMITTEDBYLAW,INSUCH FEDERALCOURT.NOTHING IN THIS SECTION13.10SHALLAFFECT THERIGHT OF THEADMINISTRATIVEAGENTORANYOTHERCREDITPARTYTOBRINGANY ACTION OR PROCEEDING AGAINST THE BORROWER OR THE SERVICER OR ANY OFTHEIRRESPECTIVEPROPERTYINTHECOURTSOFOTHERJURISDICTIONS. EACH OF THE BORROWER AND THE SERVICER HEREBY IRREVOCABLY WAIVES, TOTHEFULLESTEXTENTITMAYEFFECTIVELYDOSO,THEDEFENSEOFAN INCONVENIENT    FORUM    TO    THE    MAINTENANCE        OF    SUCH    ACTION    OR

PROCEEDING.THE PARTIES HERETO AGREE THAT A FINAL JUDGMENT IN ANY SUCHACTIONOR PROCEEDINGSHALLBE CONCLUSIVEANDMAYBEENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW.

(j)EACH OF THE BORROWER AND THE SERVICER CONSENTS TO THE SERVICE OF ANY AND ALL PROCESS IN ANY SUCH ACTION OR PROCEEDING

BY THE MAILING OFCOPIES OFSUCH PROCESS TO IT ATITSADDRESSSPECIFIED IN SECTION 13.02.NOTHING IN THIS SECTION 13.10SHALLAFFECT THE RIGHTOF THE ADMINISTRATIVE AGENT OR ANY OTHER CREDIT PARTY TO SERVE LEGAL PROCESS IN ANY OTHER MANNER PERMITTED BY LAW.

SECTION13.11.WAIVER OF JURY TRIAL.EACH PARTY HERETO HEREBY WAIVES,TOTHEMAXIMUMEXTENTPERMITTEDBYAPPLICABLELAW,TRIALBY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS AGREEMENT OR ANY OTHER TRANSACTION DOCUMENT.

SECTION13.12.RatablePayments.IfanyCreditParty,whetherbysetofforotherwise, has payment made to it with respect to any Borrower Obligations in a greater proportion than that received by any other Credit Party entitled to receive a ratable share of such Borrower Obligations, such Credit Party agrees, promptly upon demand, to purchase for cash without recourse or warranty a portion of such Borrower Obligations held bythe other Credit Parties so that after such purchase each Credit Party will hold its ratable proportion of such Borrower Obligations; providedthat if all or any portion of such excess amount is thereafter recovered from such Credit Party, such purchase shall be rescinded and the purchase price restored to the extent of such recovery, but without interest.

SECTION13.13.LimitationofLiability.

No claim may be made by any Traeger Party against any Credit Party or their respective Affiliates, members, directors, officers, employees, incorporators, attorneys or agents for any special, indirect, consequential or punitive damages in respect of any claim for breach of contract or any other theory of liability arising out of or related to the transactions contemplated by this Agreement or any other Transaction Document, or any act, omission or event occurring in connection herewith or therewith; and each of the Borrower and the Servicer herebywaives, releases, and agrees not to sueupon anyclaim for anysuchdamages, whether or not accrued and whether or not known or suspected to exist in its favor.None of the Credit Parties and their respective Affiliates shall have any liability to the Borrower or any Affiliate thereof or any other Person asserting claims on behalf of or in right of the Borrower or any Affiliate thereof in connection with or as a result of this Agreement or any other Transaction Document or the transactions contemplated hereby or thereby, except to the extent that any losses, claims, damages, liabilities or expenses incurred bytheBorrower oranyAffiliatethereof resultfromthebreachofcontract,grossnegligenceorwillfulmisconductofsuchCreditPartyin

performing its duties and obligations hereunder and under the other Transaction Documents to which it is a party.

(c)The obligations of the Administrative Agent and each of the other Credit Parties under this Agreement and each of the Transaction Documents are solely the corporate obligationsofsuchPerson.Norecourseshallbehadforanyobligationorclaimarisingoutofor based upon this Agreement or any other Transaction Document against any member, director, officer, employee or incorporator of any such Person.

SECTION13.14.IntentoftheParties.TheBorrowerhasstructuredthisAgreementwith the intention that the Loans and the obligations of the Borrower hereunder will be treated under United States federal, and applicable state, local and foreign tax law as debt (the “Intended TaxTreatment”).The Borrower, the Servicer, the Administrative Agent and the other Credit Parties agree to file no tax return, or take any action, inconsistent with the Intended Tax Treatment unless required by law.Each assignee and each Participant acquiring an interest in a Credit Extension, by its acceptance of such assignment or participation, agrees to comply with the immediately preceding sentence.

SECTION13.15.USA Patriot Act.Each of the Administrative Agent and each of the other Credit Parties hereby notifies the Borrower and the Servicer that pursuant to the requirementsoftheUSAPATRIOTAct,TitleIIIofPub.L.107-56(signedintolawOctober26, 2001) (the “PATRIOT Act”), the Administrative Agent and the other Credit Parties may be required to obtain, verify and record information that identifies the Borrower, the Performance Guarantor, the Originators and the Servicer, which information includes the name, address, tax identificationnumberandotherinformationregardingtheBorrower,thePerformanceGuarantor, the Originators and the Servicer that will allow the Administrative Agent and the other Credit Parties to identify the Borrower, the Performance Guarantor, the Originators and the Servicer in accordance with the PATRIOT Act. This notice is given in accordance with the requirements of the PATRIOT Act.Each of the Borrower and theServicer agrees to provide the Administrative Agent and each other Credit Parties, from time to time, with all documentation and other informationrequiredbybankregulatoryauthoritiesunder“knowyourcustomer”andanti-money laundering rules and regulations, including, without limitation, the PATRIOT Act and the Beneficial Ownership Rule.

SECTION13.16.Right ofSetoff.EachCreditPartyisherebyauthorized(inadditionto any other rights it may have), at any time during the continuance of an Event of Default, to setoff, appropriate and apply (without presentment, demand, protest or other notice which are herebyexpresslywaived) anydeposits and anyother indebtedness held or owing bysuchCredit Party (including by any branches or agencies of such Credit Party) to, or for the account of, the Borrower or the Servicer against amounts owing by the Borrower or the Servicer hereunder (even if contingent or unmatured); providedthat such Credit Party shall notify the Borrower or the Servicer, as applicable, promptly following such setoff.

SECTION13.17.Severability.Any provisions of this Agreement which are prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of suchprohibitionorunenforceabilitywithoutinvalidatingtheremainingprovisionshereof,and

anysuchprohibitionorunenforceabilityinanyjurisdictionshallnotinvalidateorrenderunenforceable such provision in any other jurisdiction.

SECTION13.18.Mutual Negotiations.This Agreement and the other Transaction Documentsaretheproductofmutualnegotiationsbythepartiestheretoandtheircounsel,andno party shall be deemed the draftsperson of this Agreement or anyother Transaction Document or any provision hereof or thereof or to have provided the same.Accordingly, in the event of any inconsistency or ambiguity of any provision of this Agreement or any other Transaction

Document, such inconsistencyor ambiguityshall not be interpreted against anypartybecause of such party’s involvement in the drafting thereof.

SECTION13.19.Captions and Cross References.The various captions (including the table of contents) in this Agreement are provided solely for convenience of reference and shall not affect the meaning or interpretation of any provision of this Agreement.Unless otherwise indicated, references in this Agreement to any Section, Schedule or Exhibit are to such Section Schedule or Exhibit to this Agreement, as the case may be, and references in any Section, subsection, or clause to any subsection, clause or subclause are to such subsection, clause or subclause of such Section, subsection or clause.

[SignaturePagesFollow]

INWITNESSWHEREOF,thepartieshavecausedthisAgreementtobeexecutedby their respective officers thereunto dulyauthorized, as of the date first above written.

TRAEGER SPE LLC

By:    Name:

Title:

TRAEGERPELLETGRILLSLLC,

astheServicer

By:    Name:

Title:

MUFGBANK,LTD.,

asAdministrativeAgent

By:    Name:

Title:

MUFGBANK,LTD.,

asGroupAgentfortheMUFGGroup

By:    Name:

Title:

MUFGBANK,LTD.,

as a Committed Lender

By:    Name:

Title:

GOTHAMFUNDINGCORPORATION,

asa Conduit Lender

By:    Name:

Title:

EXHIBIT A

FormofLoanRequest

[LetterheadofBorrower]

[Date]

[AdministrativeAgent] [Group Agents]

Re:LoanRequest Ladies and Gentlemen:

Reference is hereby made to that certain Receivables Financing Agreement, dated as of November 2, 2020amongTRAEGER SPE LLC (the “Borrower”),TraegerPelletGrills LLC,as Servicer (the “Servicer”), the Lenders party thereto, the Group Agents party thereto and MUFG Bank,Ltd.,asAdministrativeAgent(insuchcapacity,the“AdministrativeAgent”)(asamended, supplemented or otherwise modified from time to time, the “Agreement”).Capitalized terms used in this Loan Request and not otherwise defined herein shall have the meanings assigned thereto in the Agreement.

ThisletterconstitutesaLoanRequestpursuanttoSection2.02(a)oftheAgreement.The Borrower hereby requests a Loan in the amount of [$    ] to be made on [    , 20]. The proceeds of such Loan should be deposited to [Account number], at [Name, Address andABANumberofBank].    AftergivingeffecttosuchLoan,theAggregateCapitalwillbe [$    ].

TheBorrowerherebyrepresentsandwarrantsasofthedatehereof,andaftergivingeffect to such Credit Extension, as follows:

(i)the representations and warranties of the Borrower and the Servicer contained in Sections 6.01and 6.02of the Agreement aretrue and correct in all material respects on and as of the date of such Credit Extension as though made on and as of such date unless such representations and warranties by their terms refer to an earlierdate, in which casetheyshall betrueandcorrect in all material respects on and as of such earlier date;

(ii)no Event of Default or Unmatured Event of Default has occurred and is continuing, and no Event of Default or Unmatured Event of Default would result from such Credit Extension;

(iii)noBorrowingBaseDeficitexistsorwouldexistaftergivingeffect to such Credit Extension;

(iv)theAggregateCapitalwillnotexceedtheFacilityLimit;and

theTerminationDatehasnotoccurred.

INWITNESSWHEREOF,theundersignedhasexecutedthisletterbyitsdulyauthorized officer as of the date first above written.

Very truly yours, TRAEGERSPELLC

By:    Name:

Title:

EXHIBIT B

FormofReductionNotice

[LetterheadofBorrower]

[Date]

[AdministrativeAgent] [Group Agents]

Re:    ReductionNotice

LadiesandGentlemen:

Reference is hereby made to that certain Receivables Financing Agreement, dated as of November 2, 2020amongTRAEGER SPE LLC (the “Borrower”),TraegerPelletGrills LLC,as Servicer (the “Servicer”), the Lenders party thereto, the Group Agents party thereto and MUFG Bank,Ltd.,asAdministrativeAgent(insuchcapacity,the“AdministrativeAgent”)(asamended, supplemented or otherwise modified from time to time, the “Agreement”).Capitalized terms usedinthisReductionNoticeandnototherwisedefinedhereinshallhavethemeaningsassigned thereto in the Agreement.

This letter constitutes a Reduction Notice pursuant to Section 2.02(d)of the Agreement. The Borrower hereby notifies the Administrative Agent and the Lenders that it shall prepay the outstanding Capital of the Lenders in the amount of [$    ] to be made on [, 201_]. After giving effect to such prepayment, the Aggregate Capital will be [$    ].

TheBorrowerherebyrepresentsandwarrantsasofthedatehereof,andaftergivingeffect to such reduction, as follows:

(i)the representations and warranties of the Borrower and the Servicer contained in Sections 6.01and 6.02of the Agreement are true and correct in all material respects on and as of the date of such prepayment as though made on and as of such date unlesssuchrepresentationsandwarrantiesbytheirtermsrefertoanearlierdate,inwhich case theyshall be true and correct in all material respects on and as of such earlier date;

(ii)noEventofDefaultorUnmaturedEventofDefaulthasoccurredandis continuing,andnoEventofDefaultorUnmaturedEventofDefaultwouldresultfrom such prepayment;

(iii)noBorrowingBaseDeficitexistsorwouldexistaftergivingeffecttosuch prepayment; and

(iv)theTerminationDatehasnotoccurred.

INWITNESSWHEREOF,theundersignedhasexecutedthisletterbyitsdulyauthorized officer as of the date first above written.

Very truly yours, TRAEGERSPELLC

Title:

By:    Name:

EXHIBIT C

[FormofAssignmentandAcceptanceAgreement]

Dated as of     ,20

Section 1.

Commitment assigned:

Assignor’s remaining Commitment: CapitalallocabletoCommitmentassigned:

$[    ]

$[    ]

$[    ]

Assignor’sremainingCapital:    $[    ]

Interest (if any) allocable to Capital assigned: Interest(ifany)allocabletoAssignor’sremaining Capital:

$[    ]

$[    ]

Section 2.

EffectiveDateofthisAssignmentandAcceptanceAgreement:[    ]

Upon execution and delivery of this Assignment and Acceptance Agreement by the assignee and the assignor and the satisfaction of the other conditions to assignment specified in Section13.03(b)oftheAgreement(asdefinedbelow),fromandaftertheeffectivedatespecified above, the assignee shall become a party to, and, to the extent of the rights and obligations thereunder being assigned to it pursuant to this Assignment and Acceptance Agreement, shall have the rights andobligations of aCommitted Lenderunderthat certainReceivables Financing Agreement, dated as of November 2, 2020 among TRAEGER SPE LLC (the “Borrower”), Traeger Pellet Grills LLC, as Servicer (the “Servicer”), the Lenders party thereto, the Group Agents party thereto and MUFG Bank, Ltd., as Administrative Agent (in such capacity, the “Administrative Agent”) (as amended, supplemented or otherwise modified from time to time, the “Agreement”).

(SignaturePagesFollow)

ASSIGNOR:    [    ]

By:    Name:

Title

ASSIGNEE:    [    ]

By:    Name:

Title: [Address]

Acceptedasofdatefirstabove written:

MUFGBANK,LTD.,

asAdministrativeAgent

By:    Name:

Title:

TRAEGERSPE LLC,

asBorrower

By:    Name:

Title:

EXHIBITD

[Reserved]

ExhibitD-1

EXHIBIT E

CreditandCollectionPolicy

(Attached)

ExhibitE-1

EXHIBIT F

FormofMonthlyReport

(Attached)

ExhibitF-1

EXHIBIT G

FormofComplianceCertificate

To:MUFGBank,Ltd.,asAdministrativeAgent

This Compliance Certificate is furnished pursuant to that certain Receivables Financing Agreement, dated as of November 2, 2020 among TRAEGER SPE LLC (the “Borrower”), Traeger Pellet Grills LLC, as Servicer (the “Servicer”), the Lenders party thereto, the Group Agents party thereto and MUFG Bank, Ltd., as Administrative Agent (in such capacity, the “Administrative Agent”) (as amended, supplemented or otherwise modified from time to time, the“Agreement”).Capitalizedtermsusedhereinandnototherwisedefinedhereinshallhavethe meanings assigned to them in the Agreement.

THEUNDERSIGNEDHEREBYCERTIFIESTHAT:

1.Iam the dulyelected     oftheServicer.

2.I have reviewed the terms of the Agreement and each of the other Transaction Documentsand Ihavemade,orhavecausedtobemadeundermysupervision,adetailedreview of the transactions and condition of the Borrower during the accounting period covered by the attached financial statements.

3.The examinations described in paragraph 2above did not disclose, and Ihave no knowledge of, the existence of any condition or event which constitutes an Event of Default or an Unmatured Event of Default, as each such term is defined under the Agreement, during or at the end oftheaccountingperiodcovered bytheattachedfinancialstatements oras ofthedateof this Certificate[, except as set forth in paragraph 5below].

4.Schedule Iattached hereto sets forth financial statements of the Parent and its Subsidiaries for the period referenced on such Schedule I.

[5.Described below are the exceptions, if any, to paragraph 3 above by listing, in detail, the nature of the condition or event, the period during which it has existed and the action which the Borrower has taken, is taking, orproposes totake with respect to eachsuch condition or event:]

The    foregoing    certifications    are    made    and    delivered    this        day    of

, 20    .

[    ]

By:    Name:    Title:

SCHEDULEITOCOMPLIANCECERTIFICATE

A.Schedule of Compliance as of        , 20with Section7.02(b)of the Agreement.Unless otherwise defined herein, the terms used in this Compliance Certificate have the meanings ascribed thereto in the Agreement.

Thisschedulerelatestothemonthended:    .

B.The following financial statements of the Parent and its Subsidiaries for the period ending on     , 20, are attached hereto:

EXHIBIT H

ClosingMemorandum

(Attached)

Exhibit H-1

EXHIBIT I

FormofDailyReport

(Attached)

ExhibitI-1

EXHIBIT J

FormofWeeklyReport

(Attached)

ExhibitJ-1

EXHIBIT K

FormofSeasonalCommitmentChangeRequest

[LetterheadofBorrower]

[Date]

[AdministrativeAgent] [Group Agents]

Re:SeasonalCommitmentChangeRequest Ladies and Gentlemen:

Reference is hereby made to that certain Receivables Financing Agreement, dated as of November 2, 2020amongTRAEGER SPE LLC (the “Borrower”),TraegerPelletGrills LLC,as Servicer (the “Servicer”), the Lenders party thereto, the Group Agents party thereto and MUFG Bank,Ltd.,asAdministrativeAgent(insuchcapacity,the“AdministrativeAgent”)(asamended, supplemented or otherwise modified from time to time, the “Agreement”).Capitalized terms used in this Seasonal Commitment Change Request and not otherwise defined herein shall have the meanings assigned thereto in the Agreement.

This letter constitutes a Seasonal Commitment Change Request pursuant to Section2.02(h)of the Agreement.The Borrower hereby requests a modification in the Commitment of each Committed Lender for each applicable Fiscal Month to the amount set forth on Schedule I heretowithaneffectivedateasof[],2022(the"SeasonalLimitChangeDate").Eachofthe parties countersigning this Seasonal Commitment Change Request hereby consents to the modification in the Commitments for each applicable Fiscal Month to the amounts set forth on Schedule I hereto effective as of the Seasonal Limit Change Date.

This Seasonal Commitment Change Request shall be effective as of the Seasonal Limit Change Date with respect to each Committed Lender that has countersigned this Seasonal Commitment Change Request upon receipt by the Administrative Agent of counterparts hereto signedbyatleastoneCommittedLender.IntheeventthatoneormoreCommittedLendersfails to countersign this Seasonal Commitment Change Request, this Seasonal Commitment Change Request shall not be effective to modify the Commitment for any Fiscal Month of any such Committed Lender that has not countersigned this Seasonal Commitment Change Request.

TheBorrowerherebyrepresentsandwarrantsasofthedatehereof,andaftergivingeffect to such Commitment modifications, as follows:

(i)the representations and warranties of the Borrower and the Servicer contained in Sections 6.01and 6.02of the Agreement are true and correct on and as of the Seasonal Limit Change Date as if made on and as of such date (or, to the extent such representations and warranties specificallyrelate to an earlier date, that such representations and warranties were true and correct in all material respects, or true and correct, as the case maybe, as of such earlier date);

(ii)no Event of Default, Unmatured Event of Default, Termination Event or Unmatured Termination Event has occurred and is continuing, and no Event of Default, Unmatured Event of Default, Termination Event or Unmatured Termination Event would result from such Commitment modification;

(iii)noBorrowingBaseDeficitexistsorwouldexistaftergivingeffect to such Commitment modification;

(iv)theAggregateCapitalwillnotexceedtheFacilityLimit;

(v)the aggregate Commitment of the Committed Lenders for each Fiscal Month does not exceed $75,000,000;

(vi)the aggregate Commitment of the Committed Lenders for each Fiscal Month is not less than $30,000,000; and

(vii)theTerminationDatehasnotoccurred.

THIS SEASONAL COMMITMENT CHANGE REQUEST, INCLUDING THE RIGHTS AND DUTIES OF THE PARTIES HERETO, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATEOFNEW YORK(INCLUDINGSECTIONS5-1401AND5-1402OFTHEGENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK, BUT WITHOUT REGARD TO ANY OTHER CONFLICT OF LAWS PROVISIONS THEREOF).

This Seasonal Commitment Change Request may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement.Delivery of an executed signature page of this Seasonal Commitment Change Request by facsimile transmission, emailed pdf. or any other electronic means that reproduces an image of the actual executed signature page shall be effective as deliveryof an original executed counterpart hereof or any other electronic means as provided in the immediately following sentence. The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to any document to be signed in connection with this Seasonal Commitment Change Request and the transactions contemplated hereby shall be deemed to include an electronic sound, symbol, or process attached to, or associated with, a contract or other record and adopted by a Person with the intent to sign, authenticate or accept such contract or record, deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceabilityasamanuallyexecutedsignature,physicaldeliverythereofortheuseofa

paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

INWITNESSWHEREOF,theundersignedhasexecutedthisletterbyitsdulyauthorized officer as of the date first above written.

Very truly yours, TRAEGERSPELLC

By:    Name:

Title:

TRAEGERPELLETGRILLSLLC,

astheServicer

By:    Name:

Title:

Acceptedasofdatefirstabove written:

MUFGBANK,LTD.,

asAdministrativeAgentandGroupAgentfortheMUFGGroup

By:    Name:

Title: