Common use of Perfection Supplements Further Assurances Clause in Contracts

Perfection Supplements Further Assurances. USE OF COLLATERAL 8 SECTION 3.1 Delivery of Certificated Securities Collateral 8 SECTION 3.2 Perfection of Uncertificated Securities Collateral 8 SECTION 3.3 Financing Statements and Other Filings; Maintenance of Perfected Security Interest 8 SECTION 3.4 Other Actions 9 SECTION 3.5 Supplements; Further Assurances 11 SECTION 3.6 Joinder of Additional Grantors 12 ARTICLE IV REPRESENTATIONS, WARRANTIES AND COVENANTS 12 SECTION 4.1 Title 12 SECTION 4.2 Limitation on Liens; Defense of Claims; Transferability of Collateral 12 SECTION 4.3 Chief Executive Office; Change of Name; Jurisdiction of Organization 13 SECTION 4.4 Location of Inventory and Equipment 13 SECTION 4.5 Condition and Maintenance of Equipment 13 SECTION 4.6 Due Authorization and Issuance 13 SECTION 4.7 No Conflicts, Consents, etc 14 SECTION 4.8 Collateral 14 SECTION 4.9 Insurance 14 SECTION 4.10 Payment of Taxes; Compliance with Laws; Contested Liens; Claims 14 SECTION 4.11 Access to Collateral, Books and Records; Other Information 15 SECTION 4.12 Kansas Distribution Facility 15 ARTICLE V CERTAIN PROVISIONS CONCERNING SECURITIES COLLATERAL 15 SECTION 5.1 Pledge of Additional Securities Collateral 15 SECTION 5.2 Voting Rights; Distributions; etc 16 TABLE OF CONTENTS Page SECTION 5.3 Organization Documents 17 SECTION 5.4 Defaults, Etc 17 SECTION 5.5 Certain Agreements of Grantors As Issuers and Holders of Equity Interests 17 ARTICLE VI CERTAIN PROVISIONS CONCERNING INTELLECTUAL PROPERTY COLLATERAL 17 SECTION 6.1 Grant of License 17 SECTION 6.2 Registrations 18 SECTION 6.3 No Violations or Proceedings 18 SECTION 6.4 Protection of Collateral Agent’s Security 18 SECTION 6.5 After-Acquired Property 19 SECTION 6.6 Modifications 19 SECTION 6.7 Litigation 19 SECTION 6.8 Third Party Consents 19 ARTICLE VII CERTAIN PROVISIONS CONCERNING ACCOUNTS 20 SECTION 7.1 Maintenance of Records 20 SECTION 7.2 Legend 20 SECTION 7.3 Modification of Terms, Etc 20 SECTION 7.4 Collection 20 ARTICLE VIII REMEDIES 20 SECTION 8.1 Remedies 20 SECTION 8.2 Notice of Sale 22 SECTION 8.3 Waiver of Notice and Claims 22 SECTION 8.4 Certain Sales of Collateral 23 SECTION 8.5 No Waiver; Cumulative Remedies 23 SECTION 8.6 Certain Additional Actions Regarding Intellectual Property 24 SECTION 8.7 Application of Proceeds 24 ARTICLE IX MISCELLANEOUS 24 SECTION 9.1 Concerning Collateral Agent 24

Perfection Supplements Further Assurances. USE OF COLLATERAL 8 SECTION 3.1 15 Section 4.1 Delivery of Certificated Securities Collateral 8 SECTION 3.2 15 Section 4.2 Perfection of Uncertificated Securities Collateral 8 SECTION 3.3 16 Section 4.3 Financing Statements and Other Filings; Maintenance of Perfected Security Interest 8 SECTION 3.4 16 Section 4.4 Other Actions 9 SECTION 3.5 18 Section 4.5 Supplements; Further Assurances 11 SECTION 3.6 Joinder of Additional Grantors 12 22 ARTICLE IV V REPRESENTATIONS, WARRANTIES AND COVENANTS 12 SECTION 4.1 23 Section 5.1 Representations and Covenants in the Credit Agreement. 23 Section 5.2 Title 12 SECTION 4.2 Limitation 23 Section 5.3 Limitations on Liens; Defense of Claims; Transferability of Collateral 12 SECTION 4.3 23 Section 5.4 Chief Executive Office; Change of Name; Jurisdiction of Organization 13 SECTION 4.4 Location of Inventory and Equipment 13 SECTION 4.5 Condition and Maintenance of Equipment 13 SECTION 4.6 24 Section 5.5 Reserved 24 Section 5.6 Due Authorization and Issuance 13 SECTION 4.7 No Conflicts, Consents, etc 14 SECTION 4.8 Collateral 14 SECTION 4.9 24 Section 5.7 Consents 24 Section 5.8 Insurance 14 SECTION 4.10 Payment of Taxes; Compliance with Laws; Contested Liens; Claims 14 SECTION 4.11 Access to Collateral, Books and Records; Other Information 15 SECTION 4.12 Kansas Distribution Facility 15 25 ARTICLE V VI CERTAIN PROVISIONS CONCERNING SECURITIES COLLATERAL 15 SECTION 5.1 Pledge of Additional Securities Collateral 15 SECTION 5.2 25 Section 6.1 Reserved 25 Section 6.2 Voting Rights; Distributions; etc 16 TABLE OF CONTENTS Page SECTION 5.3 Organization Documents 17 SECTION 5.4 25 Section 6.3 Defaults, Etc 17 SECTION 5.5 27 Section 6.4 Certain Agreements of Grantors As Issuers and Holders of Equity Interests 17 27 ARTICLE VI VII CERTAIN PROVISIONS CONCERNING INTELLECTUAL PROPERTY COLLATERAL 17 SECTION 6.1 Grant 28 Section 7.1 Registrations 28 Section 7.2 Validity and Enforceability. 28 Section 7.3 Ownership. 28 Section 7.4 No Infringements or Proceedings 28 Section 7.5 Protection of License 17 SECTION 6.2 Registrations 18 SECTION 6.3 Agent’s Security 29 Section 7.6 No Violations or Proceedings 18 SECTION 6.4 Protection of Collateral Agent’s Security 18 SECTION 6.5 29 Section 7.7 After-Acquired Property 19 SECTION 6.6 29 Section 7.8 Modifications 19 SECTION 6.7 30 Section 7.9 Litigation 19 SECTION 6.8 30 Section 7.10 Third Party Consents 19 31 Section 7.11 Intellectual Property Filing. 31 Section 7.12 Privacy and Security Laws 31 Section 7.13 Protection of Computer Systems 31 ARTICLE VII VIII CERTAIN PROVISIONS CONCERNING ACCOUNTS 20 SECTION 7.1 Maintenance of Records 20 SECTION 7.2 32 Section 8.1 Legend 20 SECTION 7.3 Modification of Terms, Etc 20 SECTION 7.4 32 Section 8.2 Collection 20 32 ARTICLE VIII IX REMEDIES 20 SECTION 8.1 32 Section 9.1 Remedies 20 SECTION 8.2 32 Section 9.2 Notice of Sale 22 SECTION 8.3 34 Section 9.3 Waiver of Notice and Claims 22 SECTION 8.4 35 Section 9.4 Certain Sales of Collateral 23 SECTION 8.5 35 Section 9.5 No Waiver; Cumulative Remedies 23 SECTION 8.6 Certain Additional Actions Regarding Intellectual Property 24 SECTION 8.7 36 Section 9.6 Grant of License 37 Section 9.7 Application of Proceeds 24 37 ARTICLE IX X MISCELLANEOUS 24 SECTION 9.1 37 Section 10.1 Concerning Collateral the Agent 2437 Section 10.2 Agent May Perform; Agent Appointed Attorney-in-Fact 38 Section 10.3 [Reserved.] 39 Section 10.4 Continuing Security Interest; Assignment 39 Section 10.5 Termination; Release 39 Section 10.6 Modification in Writing 40 Section 10.7 Notices 40 Section 10.8 GOVERNING LAW 40 Section 10.9 CONSENT TO JURISDICTION; SERVICE OF PROCESS; WAIVER OF JURY TRIAL 40 Section 10.10 Severability of Provisions 42 Section 10.11 Execution in Counterparts; Effectiveness 42 Section 10.12 No Release 42 Section 10.13 Intercreditor Agreement 42 SIGNATURES EXHIBIT 1 Form of Securities Pledge Amendment EXHIBIT 2 Form of Copyright Security Agreement EXHIBIT 3 Form of Patent Security Agreement EXHIBIT 4 Form of Trademark Security Agreement SCHEDULE I Intercompany Notes SCHEDULE II Filings, Registrations and Recordings SCHEDULE III Pledged Securities SCHEDULE IV Deposit Account Control Agreements The exhibits and schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K under the Securities Act of 1933, as amended. The registrant agrees to furnish supplementally a copy of all omitted exhibits and schedules to the Securities and Exchange Commission upon request. GUARANTY AND SECURITY AGREEMENT GUARANTY AND SECURITY AGREEMENT dated as of December 29, 2023 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time in accordance with the provisions hereof, this “Agreement”) made by (i) LANDS’ END, INC., a Delaware corporation (the “Borrower”), and (ii) THE GUARANTORS LISTED ON THE SIGNATURE PAGES HERETO (the “Original Guarantors”) AND THE OTHER GUARANTORS FROM TIME TO TIME PARTY HERETO BY EXECUTION OF A JOINDER AGREEMENT (the “Additional Guarantors,” and together with the Original Guarantors, the “Guarantors”), as pledgors, assignors and debtors (the Borrower, together with the Guarantors, in such capacities and together with any successors in such capacities, the “Grantors,” and each, a “Grantor”), in favor of BLUE TORCH FINANCE LLC, in its capacity as administrative agent and collateral agent for the Credit Parties (as defined in the Credit Agreement defined below) pursuant to the Credit Agreement, as pledgee, assignee and secured party (in such capacities and together with any successors in such capacities, the “Agent”).

Perfection Supplements Further Assurances. USE OF COLLATERAL 8 SECTION 3.1 3 Section 3.1. Delivery of Certificated Securities Collateral 8 SECTION 3.2 3 Section 3.2. Perfection of Uncertificated Securities Collateral 8 SECTION 3.3 3 Section 3.3. Financing Statements and Other Filings; Maintenance of Perfected Security Interest 8 SECTION 3.4 Other Actions 9 SECTION 3.5 3 Section 3.4. Intentionally Omitted 4 Section 3.5. Intentionally Omitted 4 Section 3.6. Supplements; Further Assurances 11 SECTION 3.6 Joinder of Additional Grantors 12 4 ARTICLE IV REPRESENTATIONS, WARRANTIES AND COVENANTS 12 SECTION 4.1 4 Section 4.1. Title 12 SECTION 4.2 Limitation on Liens; 4 Section 4.2. Validity of Security Interest 4 Section 4.3. Defense of Claims; Transferability of Collateral 12 SECTION 4.3 Chief Executive Office; Change of Name; Jurisdiction of Organization 13 SECTION 4.4 Location of Inventory and Equipment 13 SECTION 4.5 Condition and Maintenance of Equipment 13 SECTION 4.6 4 Section 4.4. Other Financing Statements 4 Section 4.5. Intentionally Omitted 5 Section 4.6. Due Authorization and Issuance 13 SECTION 4.7 No Conflicts, 5 Section 4.7. Consents, etc 14 SECTION 4.8 5 Section 4.8. Collateral 14 SECTION 4.9 Insurance 14 SECTION 4.10 Payment of Taxes; Compliance with Laws; Contested Liens; Claims 14 SECTION 4.11 Access to Collateral, Books and Records; Other Information 15 SECTION 4.12 Kansas Distribution Facility 15 5 Section 4.9. Fundamental Changes 5 ARTICLE V CERTAIN PROVISIONS CONCERNING SECURITIES COLLATERAL 15 SECTION 5.1 5 Section 5.1. Pledge of Additional Securities Collateral 15 SECTION 5.2 5 Section 5.2. Voting Rights; Distributions; etc 16 TABLE OF CONTENTS Page SECTION 5.3 Organization Documents 17 SECTION 5.4 5 Section 5.3. Defaults, Etc 17 SECTION 5.5 etc 6 Section 5.4. Certain Agreements of Grantors As Issuers and Holders Pledgor as Holder of Equity Interests 17 7 ARTICLE VI CERTAIN PROVISIONS CONCERNING INTELLECTUAL PROPERTY COLLATERAL 17 SECTION 6.1 Grant of License 17 SECTION 6.2 Registrations 18 SECTION 6.3 No Violations or Proceedings 18 SECTION 6.4 Protection [INTENTIONALLY OMITTED] 7 ARTICLE VII [INTENTIONALLY OMITTED] 7 ARTICLE VIII TRANSFERS 7 Section 8.1. Transfers of Collateral Agent’s Security 18 SECTION 6.5 After-Acquired Property 19 SECTION 6.6 Modifications 19 SECTION 6.7 Litigation 19 SECTION 6.8 Third Party Consents 19 7 ARTICLE VII CERTAIN PROVISIONS CONCERNING ACCOUNTS 20 SECTION 7.1 Maintenance of Records 20 SECTION 7.2 Legend 20 SECTION 7.3 Modification of Terms, Etc 20 SECTION 7.4 Collection 20 ARTICLE VIII IX REMEDIES 20 SECTION 8.1 7 Section 9.1. Remedies 20 SECTION 8.2 7 Section 9.2. Notice of Sale 22 SECTION 8.3 8 Section 9.3. Waiver of Notice and Claims 22 SECTION 8.4 8 Section 9.4. Certain Sales of Collateral 23 SECTION 8.5 9 Section 9.5. No Waiver; Cumulative Remedies 23 SECTION 8.6 Certain Additional Actions Regarding Intellectual Property 24 SECTION 8.7 Application of Proceeds 24 10 ARTICLE IX MISCELLANEOUS 24 SECTION 9.1 Concerning Collateral Agent 24X APPLICATION OF PROCEEDS 10 Page

Perfection Supplements Further Assurances. USE OF PLEDGED COLLATERAL 8 SECTION 13 Section 3.1 Delivery of Certificated Securities Collateral 8 SECTION 13 Section 3.2 Perfection of Uncertificated Securities Collateral 8 SECTION 13 Section 3.3 Financing Statements and Other Filings; Maintenance of Perfected Security Interest 8 SECTION 13 Section 3.4 Other Actions 9 SECTION 14 Section 3.5 Joinder of Additional Pledgors 18 Section 3.6 Supplements; Further Assurances 11 SECTION 3.6 Joinder of Additional Grantors 12 18 ARTICLE IV IV. REPRESENTATIONS, WARRANTIES AND COVENANTS 12 SECTION 19 Section 4.1 Title 12 SECTION 19 Section 4.2 Limitation on Liens; Defense of Claims; Transferability of Pledged Collateral 12 SECTION 19 Section 4.3 Chief Executive Office; Change of Name; Jurisdiction of Organization 13 SECTION 19 Section 4.4 Location of Inventory Collateral; Books and Equipment 13 SECTION Records 20 Section 4.5 Condition and Maintenance of Equipment 13 SECTION [Reserved] 20 Section 4.6 Corporate Names; Prior Transactions 20 Section 4.7 Due Authorization and Issuance 13 SECTION 4.7 20 Section 4.8 No Claims 20 Section 4.9 No Conflicts, Consents, etc 14 SECTION 4.8 etc. 20 Section 4.10 Pledged Collateral 14 SECTION 4.9 21 Section 4.11 Insurance 14 SECTION 4.10 21 Section 4.12 Payment of Taxes; Compliance with Laws; Contested Liens; Claims 14 SECTION 4.11 21 Section 4.13 Access to Pledged Collateral, Books and Records; Other Information 15 SECTION 4.12 Kansas Distribution Facility 15 21 Section 4.14 Third Party Consents Relating to Intellectual Property Collateral 22 ARTICLE V V. CERTAIN PROVISIONS CONCERNING SECURITIES COLLATERAL 15 SECTION 22 Section 5.1 Pledge of Additional Securities Collateral 15 SECTION 22 Section 5.2 Voting Rights; Distributions; etc 16 TABLE OF CONTENTS Page SECTION etc. 22 Section 5.3 Organization Documents 17 SECTION Operative Agreements 23 Section 5.4 Defaults, Etc 17 SECTION etc. 24 Section 5.5 Certain Agreements of Grantors Pledgors As Issuers and Holders of Equity Interests 17 24 ARTICLE VI VI. CERTAIN PROVISIONS CONCERNING INTELLECTUAL PROPERTY COLLATERAL 17 SECTION 24 Section 6.1 Grant of License 17 SECTION 24 Section 6.2 Registrations 18 SECTION 24 Section 6.3 No Violations or Proceedings 18 SECTION 25 Section 6.4 Protection of Collateral Administrative Agent’s Security 18 SECTION 25 Section 6.5 After-Acquired Property 19 SECTION 25 Section 6.6 Modifications 19 SECTION 26 Section 6.7 Litigation 19 SECTION 6.8 Third Party Consents 19 26 ARTICLE VII VII. CERTAIN PROVISIONS CONCERNING ACCOUNTS 20 SECTION 26 Section 7.1 Special Representations and Warranties 26 Section 7.2 Maintenance of Records 20 SECTION 7.2 26 Section 7.3 Legend 20 SECTION 7.3 27 Section 7.4 Modification of Terms, Etc 20 SECTION 7.4 etc. 27 Section 7.5 Collection 20 27 ARTICLE VIII VIII. TRANSFERS AND OTHER LIENS 28 Section 8.1 Transfers of and other Liens on Pledged Collateral 28 ARTICLE IX. REMEDIES 20 SECTION 8.1 28 Section 9.1 Remedies 20 SECTION 8.2 28 Section 9.2 Notice of Sale 22 SECTION 8.3 30 Section 9.3 Waiver of Notice and Claims 22 SECTION 8.4 30 Section 9.4 Certain Sales of Pledged Collateral 23 SECTION 8.5 30 Section 9.5 No Waiver; Cumulative Remedies 23 SECTION 8.6 31 Section 9.6 Certain Additional Actions Regarding Intellectual Property 24 SECTION 8.7 31 ARTICLE X. PROCEEDS OF CASUALTY EVENTS AND COLLATERAL DISPOSITIONS/APPLICATION OF PROCEEDS 32 Section 10.1 Proceeds of Casualty Events and Collateral Dispositions 32 Section 10.2 Application of Proceeds 24 32 ARTICLE IX XI. MISCELLANEOUS 24 SECTION 9.1 32 Section 11.1 Concerning Collateral Administrative Agent 2432 Section 11.2 Administrative Agent May Perform; Administrative Agent Appointed Attorney-in-Fact 33 Section 11.3 Expenses 34 Section 11.4 Continuing Security Interest; Assignment 34 Section 11.5 Termination; Release 35 Section 11.6 Modification in Writing 35 Section 11.7 Notices 35 Section 11.8 GOVERNING LAW 35 Section 11.9 CONSENT TO JURISDICTION AND SERVICE OF PROCESS; WAIVER OF JURY TRIAL 36 Section 11.10 Severability of Provisions 36 Section 11.11 Execution in Counterparts 36 Section 11.12 Business Days 36 Section 11.13 Waiver of Stay 36 Section 11.14 No Credit for Payment of Taxes or Imposition 37 Section 11.15 No Claims Against Administrative Agent 37 Section 11.16 No Release 37 Section 11.17 Obligations Absolute 37 EXHIBIT 1 Form of Issuers Acknowledgment EXHIBIT 2 Form of Securities Pledge Amendment EXHIBIT 3 Form of Joinder Agreement EXHIBIT 4 Form of Securities Account Control Agreement EXHIBIT 5-A Form of Deposit Account Control Agreement - Springing Dominion EXHIBIT 5-B Form of Deposit Account Control Agreement - Full Dominion SECURITY AGREEMENT SECURITY AGREEMENT dated as of July 19, 2005 (as amended, amended and restated, supplemented or otherwise modified from time to time in accordance with the provisions hereof, the “Agreement”) made by BearingPoint, Inc. and BearingPoint, LLC (the “Borrowers”) and THE GUARANTORS LISTED ON THE SIGNATURE PAGES HERETO (the “Guarantors”) ANY ADDITIONAL BORROWERS OR GUARANTORS FROM TIME TO TIME PARTY HERETO BY EXECUTION OF A JOINDER AGREEMENT (the “Additional Pledgors,”), as pledgors, assignors and debtors (the Borrowers, together with the Guarantors and the Additional Pledgors, in such capacities and together with any successors in such capacities, the “Pledgors,” and each, a “Pledgor”), in favor of UBS AG, STAMFORD BRANCH, in its capacity as administrative agent pursuant to the Credit Agreement (as hereinafter defined), as pledgee, assignee and secured party (in such capacities and together with any successors in such capacities, the “Administrative Agent”).

Perfection Supplements Further Assurances. USE OF COLLATERAL 8 Use of Security Agreement Collateral 10 SECTION 3.1 3.01. Delivery of Certificated Securities Collateral 8 10 SECTION 3.2 3.02. Perfection of Uncertificated Securities Collateral 8 10 SECTION 3.3 3.03. Financing Statements and Other Filings; Maintenance of Perfected Security Interest 8 Flings 10 SECTION 3.4 3.04. Other Actions 9 11 SECTION 3.5 3.05. Supplements; Further Assurances 11 SECTION 3.6 Joinder of Additional Grantors 12 14 ARTICLE IV REPRESENTATIONSRepresentations, WARRANTIES AND COVENANTS 12 Warranties and Covenants 15 SECTION 4.1 4.01. Title 12 15 SECTION 4.2 4.02. Organization; Authority; Enforceability 15 SECTION 4.03. Authorizations and Approvals 15 SECTION 4.04. Reserved 16 SECTION 4.05. Limitation on Liens; Defense of Claims; Transferability of Collateral 12 Liens 16 SECTION 4.3 4.06. Other Financing Statements 16 SECTION 4.07. Chief Executive Office; Change of Name; Jurisdiction of Organization 13 16 SECTION 4.4 Location of Inventory 4.08. Certain Provisions Concerning Securities Collateral 17 SECTION 4.09. Certain Provisions Concerning Intellectual Property 18 SECTION 4.10. Inspection and Equipment 13 Verification 20 SECTION 4.5 Condition and Maintenance of Equipment 13 SECTION 4.6 Due Authorization and Issuance 13 SECTION 4.7 No Conflicts, Consents, etc 14 SECTION 4.8 Collateral 14 SECTION 4.9 Insurance 14 SECTION 4.10 4.11. Payment of Taxes; Compliance with Laws; Contested Contesting Liens; Claims 14 21 SECTION 4.11 Access to Collateral, Books 4.12. Transfers and Records; Other Information 15 Liens 21 SECTION 4.12 Kansas Distribution Facility 15 4.13. Insurance 21 ARTICLE V CERTAIN PROVISIONS CONCERNING SECURITIES COLLATERAL 15 Remedies 21 SECTION 5.1 Pledge of Additional Securities Collateral 15 5.01. Remedies 21 SECTION 5.2 Voting Rights; Distributions; etc 16 TABLE OF CONTENTS Page SECTION 5.3 Organization Documents 17 SECTION 5.4 Defaults, Etc 17 SECTION 5.5 Certain Agreements of Grantors As Issuers and Holders of Equity Interests 17 ARTICLE VI CERTAIN PROVISIONS CONCERNING INTELLECTUAL PROPERTY COLLATERAL 17 SECTION 6.1 Grant of License 17 SECTION 6.2 Registrations 18 SECTION 6.3 No Violations or Proceedings 18 SECTION 6.4 Protection of Collateral Agent’s Security 18 SECTION 6.5 After-Acquired Property 19 SECTION 6.6 Modifications 19 SECTION 6.7 Litigation 19 SECTION 6.8 Third Party Consents 19 ARTICLE VII CERTAIN PROVISIONS CONCERNING ACCOUNTS 20 SECTION 7.1 Maintenance of Records 20 SECTION 7.2 Legend 20 SECTION 7.3 Modification of Terms, Etc 20 SECTION 7.4 Collection 20 ARTICLE VIII REMEDIES 20 SECTION 8.1 Remedies 20 SECTION 8.2 5.02. Notice of Sale 22 23 SECTION 8.3 5.03. Waiver of Notice and Claims 22 23 SECTION 8.4 5.04. Certain Sales of Security Agreement Collateral 23 24 SECTION 8.5 5.05. No Waiver; Cumulative Remedies 23 SECTION 8.6 Certain Additional Actions Regarding Intellectual Property 24 SECTION 8.7 Application of Proceeds 24 ARTICLE IX MISCELLANEOUS 24 VI Obligations Absolute; Waivers 25 SECTION 9.1 6.01. Liability of the Pledgors Absolute 25 SECTION 6.02. General Waivers 26 SECTION 6.03. California Waivers 27 ARTICLE VII Miscellaneous 27 SECTION 7.01. Concerning Collateral Agent 2427